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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 8,726 $ 8,671
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,496 1,404
Purchased loans amortization, net 181 9
Provision for loan losses   50
Stock-based compensation expense 249 22
Increase in deferred loan origination fees, net of amortization 96 506
Origination of loans held for sale (4,786) (6,110)
Proceeds from sales of loans held for sale 5,477 6,419
Net gains on sales of loans held for sale and sales of premises and equipment (216) (198)
Income from BOLI [1] (397) (353)
Changes in certain other assets and liabilities:    
Prepaid expenses and other assets 2,001 (1,307)
Accrued interest receivable 92 (194)
Accrued expenses and other liabilities (677) 4,303
Net cash provided by operating activities 12,242 13,222
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan repayments (originations), net 1,530 (21,874)
Purchases of loans receivable (6,992) (16,350)
Principal repayments on investment securities available for sale 14,515 14,496
Proceeds from calls of investment securities available for sale 3,000 5,000
Principal repayments on investment securities held to maturity 4 4
Purchases of premises and equipment and capitalized software (599) (194)
Redemption of certificates of deposit held for investment 498 1,983
Redemption of FHLB stock, net 2,264  
Proceeds from sales of real estate owned ("REO") and premises and equipment 81 326
Net cash provided by (used in) investing activities 14,301 (16,609)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits 57,217 (13,384)
Dividends paid (1,923) (1,467)
Proceeds from borrowings 214,897 59,740
Repayment of borrowings (271,483) (59,740)
Net increase in advance payments by borrowers for taxes and insurance 486 413
Principal payments on finance lease liability (16) (13)
Proceeds from exercise of stock options 217 151
Net cash used in financing activities (605) (14,300)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 25,938 (17,687)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 22,950 22,950
CASH AND CASH EQUIVALENTS, END OF PERIOD 48,888 27,080
Cash paid during the period for:    
Interest 2,202 1,183
Income taxes 1,482 4,591
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Dividends declared and accrued in other liabilities 1,023 791
Other comprehensive income (loss) 3,745 (2,293)
Income tax effect related to other comprehensive income (loss) (898) $ 539
Right-of-use lease assets obtained in exchange for operating lease liabilities $ 5,603  
[1] Not within the scope of ASC 606