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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Mar. 31, 2024
ASSETS    
Cash and cash equivalents (including interest earning deposits in other banks of $13,526 and $12,164) $ 27,804 $ 23,642
Investment securities:    
Available for sale, at estimated fair value 137,371 143,196
Held to maturity, at amortized cost (estimated fair value of $192,026 and $195,519) 225,817 229,510
Loans receivable (net of allowance for credit losses of $15,364 and $15,364) 1,029,701 1,008,649
Prepaid expenses and other assets 14,170 14,469
Accrued interest receivable 4,798 4,415
Federal Home Loan Bank ("FHLB") stock, at cost 6,061 4,927
Premises and equipment, net 21,290 21,718
Financing lease right-of-use ("ROU") assets 1,182 1,202
Deferred income taxes, net 9,857 9,778
Goodwill 27,076 27,076
Core deposit intangible ("CDI"), net 246 271
Bank owned life insurance ("BOLI") 32,887 32,676
TOTAL ASSETS 1,538,260 1,521,529
LIABILITIES:    
Deposits 1,219,679 1,231,679
Accrued expenses and other liabilities 19,441 16,205
Advance payments by borrowers for taxes and insurance 551 581
FHLB advances 113,504 88,304
Junior subordinated debentures 27,026 27,004
Finance lease liability 2,151 2,168
Total liabilities 1,382,352 1,365,941
COMMITMENTS AND CONTINGENCIES (See Note 13)
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 June 30, 2024 - 21,111,043 shares issued and outstanding March 31, 2024 - 21,111,043 shares issued and outstanding 211 211
Additional paid-in capital 55,031 55,005
Retained earnings 117,043 116,499
Accumulated other comprehensive loss (16,377) (16,127)
Total shareholders' equity 155,908 155,588
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,538,260 $ 1,521,529