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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Mar. 31, 2024
ASSETS    
Cash and cash equivalents (including interest earning deposits in other banks of $12,453 and $12,164) $ 30,960 $ 23,642
Investment securities:    
Available for sale, at estimated fair value 132,953 143,196
Held to maturity, at amortized cost (estimated fair value of $195,869 and $195,519) 221,991 229,510
Loans receivable (net of allowance for credit losses of $15,466 and $15,364) 1,045,511 1,008,649
Prepaid expenses and other assets 13,585 14,469
Accrued interest receivable 4,570 4,415
Federal Home Loan Bank ("FHLB") stock, at cost 5,557 4,927
Premises and equipment, net 22,956 21,718
Financing lease right-of-use ("ROU") assets 1,163 1,202
Deferred income taxes, net 8,688 9,778
Goodwill 27,076 27,076
Core deposit intangible ("CDI"), net 221 271
Bank owned life insurance ("BOLI") 33,166 32,676
TOTAL ASSETS 1,548,397 1,521,529
LIABILITIES:    
Deposits 1,237,499 1,231,679
Accrued expenses and other liabilities 17,789 16,205
Advance payments by borrowers for taxes and insurance 848 581
FHLB advances 102,304 88,304
Junior subordinated debentures 27,048 27,004
Finance lease liability 2,135 2,168
Total liabilities 1,387,623 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 September 30, 2024 - 21,096,968 shares issued and outstanding March 31, 2024 - 21,111,043 shares issued and outstanding 211 211
Additional paid-in capital 55,057 55,005
Retained earnings 118,179 116,499
Accumulated other comprehensive loss (12,673) (16,127)
Total shareholders' equity 160,774 155,588
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,548,397 $ 1,521,529