XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
 3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
INTEREST AND DIVIDEND INCOME:    
Interest and fees on loans receivable $ 11,528,000 $ 11,554,000
Interest on investment securities - taxable 655,000 878,000
Interest on investment securities - nontaxable 18,000 37,000
Other interest and dividends 37,000 87,000
Total interest and dividend income 12,238,000 12,556,000
INTEREST EXPENSE:    
Interest on deposits 858,000 351,000
Interest on borrowings 252,000 735,000
Total interest expense 1,110,000 1,086,000
Net interest income 11,128,000 11,470,000
Provision for loan losses 4,500,000  
Net interest income after provision for loan losses 6,628,000 11,470,000
NON-INTEREST INCOME:    
Net gains on sales of loans held for sale [1] 28,000 96,000
BOLI [1] 190,000 193,000
Other, net 33,000 67,000
Total non-interest income, net 2,623,000 3,136,000
NON-INTEREST EXPENSE:    
Salaries and employee benefits 5,192,000 5,715,000
Occupancy and depreciation 1,450,000 1,320,000
Data processing 661,000 680,000
Amortization of CDI 35,000 40,000
Advertising and marketing 129,000 210,000
FDIC insurance premium 48,000 80,000
State and local taxes 204,000 195,000
Telecommunications 86,000 86,000
Professional fees 320,000 325,000
Other 560,000 543,000
Total non-interest expense 8,685,000 9,194,000
INCOME BEFORE INCOME TAXES 566,000 5,412,000
PROVISION FOR INCOME TAXES 86,000 1,220,000
NET INCOME $ 480,000 $ 4,192,000
Earnings per common share:    
Basic $ 0.02 $ 0.19
Diluted $ 0.02 $ 0.18
Weighted average number of common shares outstanding:    
Basic 22,178,427 22,619,580
Diluted 22,198,065 22,685,343
Fees and service charges    
NON-INTEREST INCOME:    
Non-interest income $ 1,398,000 $ 1,637,000
Asset management fees    
NON-INTEREST INCOME:    
Non-interest income $ 974,000 $ 1,143,000
[1] Not within scope of ASC 606