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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Mar. 31, 2020
ASSETS    
Cash and cash equivalents (including interest-earning accounts of $226,583 and $27,866) $ 238,016 $ 41,968
Certificates of deposit held for investment 249 249
Loans held for sale   275
Investment securities:    
Available for sale, at estimated fair value 126,273 148,291
Held to maturity, at amortized cost (estimated fair value of $24 and $28) 24 28
Loans receivable (net of allowance for loan losses of $18,866 and $12,624) 956,308 898,885
Prepaid expenses and other assets 16,018 7,452
Accrued interest receivable 5,341 3,704
Federal Home Loan Bank ("FHLB") stock, at cost 2,620 1,420
Premises and equipment, net 17,296 15,570
Financing lease right-of-use assets ("ROU") 1,470 1,508
Deferred income taxes, net 3,076 3,277
Mortgage servicing rights, net 128 191
Goodwill 27,076 27,076
Core deposit intangible ("CDI"), net 689 759
Bank owned life insurance ("BOLI") 30,587 30,155
TOTAL ASSETS 1,425,171 1,180,808
LIABILITIES:    
Deposits 1,199,972 990,448
Accrued expenses and other liabilities 16,087 11,783
Advanced payments by borrowers for taxes and insurance 1,011 703
FHLB advances 30,000 0
Junior subordinated debentures 26,705 26,662
Finance lease liability 2,350 2,369
Total liabilities 1,276,125 1,031,965
COMMITMENTS AND CONTINGENCIES (See Note 14)
SHAREHOLDERS' EQUITY:    
Serial preferred stock, $.01 par value; 250,000 shares authorized; issued and outstanding: none
Common stock, $.01 par value; 50,000,000 shares authorized September 30, 2020 - 22,336,235 shares issued and outstanding March 31, 2020 - 22,748,385 shares issued and 22,544,285 shares outstanding 222 225
Additional paid-in capital 63,420 64,649
Retained earnings 82,666 81,870
Accumulated other comprehensive income 2,738 2,099
Total shareholders' equity 149,046 148,843
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,425,171 $ 1,180,808