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PREMISES AND EQUIPMENT | 12 Months Ended
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Mar. 31, 2022
PREMISES AND EQUIPMENT |
PREMISES AND EQUIPMENT | 6. PREMISES AND EQUIPMENT Premises and equipment consisted of the following at the dates indicated (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31,
​ | ​ | 2022 | ​ | 2021
​ | ​ | ​ | ​ | ​ | ​ | ​
Land |  | $ | 4,714 |  | $ | 5,247
Buildings and improvements | ​ |  | 17,030 | ​ |  | 18,097
Leasehold improvements | ​ |  | 3,998 | ​ |  | 3,123
Furniture and equipment | ​ |  | 10,765 | ​ |  | 10,734
Construction in progress | ​ |  | — | ​ |  | 32
Total | ​ |  | 36,507 | ​ |  | 37,233
Less accumulated depreciation and amortization | ​ |  | (19,341) | ​ |  | (19,409)
Premises and equipment, net | ​ | $ | 17,166 | ​ | $ | 17,824
​ Depreciation and amortization expense was $1.5 million, $1.4 million and $1.3 million for the years ended March 31, 2022, 2021 and 2020, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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