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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
INTEREST AND DIVIDEND INCOME:        
Interest and fees on loans receivable $ 11,129 $ 9,978 $ 32,849 $ 29,761
Interest on investment securities - taxable 1,110 1,201 3,424 3,413
Interest on investment securities - nontaxable 37 31 110 59
Other interest and dividends 60 168 271 483
Total interest and dividend income 12,336 11,378 36,654 33,716
INTEREST EXPENSE:        
Interest on deposits 240 298 759 933
Interest on borrowings 416 284 1,126 829
Total interest expense 656 582 1,885 1,762
Net interest income 11,680 10,796 34,769 31,954
Provision for loan losses     50  
Net interest income after provision for loan losses 11,680 10,796 34,719 31,954
NON-INTEREST INCOME:        
Net gains on sales of loans held for sale [1] 82 140 278 522
BOLI [1] 192 207 545 618
Other, net 62 181 267 271
Total non-interest income, net 2,782 2,890 8,850 8,341
NON-INTEREST EXPENSE:        
Salaries and employee benefits 5,794 5,383 16,655 16,056
Occupancy and depreciation 1,306 1,347 4,016 4,105
Data processing 621 534 1,874 1,730
Amortization of CDI 45 58 137 174
Advertising and marketing 151 137 609 627
FDIC insurance premium 85 108 246 389
State and local taxes 125 96 475 427
Telecommunications 85 102 266 309
Professional fees 449 250 1,120 926
Other 142 543 1,339 1,748
Total non-interest expense 8,803 8,558 26,737 26,491
INCOME BEFORE INCOME TAXES 5,659 5,128 16,832 13,804
PROVISION FOR INCOME TAXES 1,271 3,608 3,773 6,571
NET INCOME $ 4,388 $ 1,520 $ 13,059 $ 7,233
Earnings per common share:        
Basic (in dollars per share) $ 0.19 $ 0.07 $ 0.58 $ 0.32
Diluted EPS (in dollars per share) $ 0.19 $ 0.07 $ 0.58 $ 0.32
Weighted average number of common shares outstanding:        
Basic (in shares) 22,598,712 22,537,092 22,582,956 22,520,352
Diluted (in shares) 22,663,919 22,622,129 22,658,153 22,608,603
Fees and service charges        
NON-INTEREST INCOME:        
Non-interest income $ 1,511 $ 1,451 $ 4,956 $ 4,348
Asset management fees        
NON-INTEREST INCOME:        
Non-interest income $ 935 $ 911 $ 2,804 $ 2,582
[1] Not in the scope of ASC 606