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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Mar. 31, 2023
ASSETS    
Cash and cash equivalents (including interest earning deposits in other banks of $12,164 and $10,397) $ 23,642 $ 22,044
Certificates of deposit held for investment   249
Investment securities:    
Available for sale, at estimated fair value 143,196 211,499
Held to maturity, at amortized cost (estimated fair value of $195,519 and $210,214) 229,510 243,843
Loans receivable (net of allowance for credit losses of $15,364 and $15,309) 1,008,649  
Loans receivable (net of allowance for credit losses of $15,364 and $15,309)   993,547
Prepaid expenses and other assets 14,469 15,950
Accrued interest receivable 4,415 4,790
Federal Home Loan Bank ("FHLB") stock, at cost 4,927 6,867
Premises and equipment, net 21,718 20,119
Financing lease right-of-use ("ROU") assets 1,202 1,278
Deferred income taxes, net 9,778 10,286
Goodwill 27,076 27,076
Core deposit intangible ("CDI"), net 271 379
Bank owned life insurance ("BOLI") 32,676 31,785
TOTAL ASSETS 1,521,529 1,589,712
LIABILITIES:    
Deposits 1,231,679 1,265,217
Accrued expenses and other liabilities 16,205 15,730
Advance payments by borrowers for taxes and insurance 581 625
FHLB advances 88,304 123,754
Junior subordinated debentures 27,004 26,918
Finance lease liability 2,168 2,229
Total liabilities 1,365,941 1,434,473
COMMITMENTS AND CONTINGENCIES (See Note 16)
SHAREHOLDERS' EQUITY:    
Common stock, $.01 par value; 50,000,000 shares authorized March 31, 2024 - 21,111,043 shares issued and outstanding March 31, 2023 - 21,221,960 shares issued and outstanding 211 212
Additional paid-in capital 55,005 55,511
Retained earnings 116,499 117,826
Accumulated other comprehensive loss (16,127) (18,310)
Total shareholders' equity 155,588 155,239
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,521,529 $ 1,589,712