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PREMISES AND EQUIPMENT | 12 Months Ended
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Mar. 31, 2023
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,
​ | ​ | 2023 | ​ | 2022
​ | ​ | ​ | ​ | ​ | ​ | ​
Land |  | $ | 5,715 |  | $ | 4,714
Buildings and improvements | ​ |  | 18,494 | ​ |  | 17,030
Leasehold improvements | ​ |  | 3,965 | ​ |  | 3,998
Furniture and equipment | ​ |  | 11,578 | ​ |  | 10,765
Construction in progress | ​ |  | 33 | ​ |  | —
Total | ​ |  | 39,785 | ​ |  | 36,507
Less accumulated depreciation and amortization | ​ |  | (19,666) | ​ |  | (19,341)
Premises and equipment, net | ​ | $ | 20,119 | ​ | $ | 17,166
​ Depreciation and amortization expense was $1.7 million, $1.5 million and $1.4 million for the years ended March 31, 2023, 2022 and 2021, 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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://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 https://asc.fasb.org/extlink&oid=126982197&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 https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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