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PREMISES AND EQUIPMENT | 12 Months Ended
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Mar. 31, 2025
PREMISES AND EQUIPMENT |
PREMISES AND EQUIPMENT | 5. PREMISES AND EQUIPMENT Premises and equipment consisted of the following at the dates indicated (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31,
​ | ​ | 2025 | ​ | 2024
​ | ​ | ​ | ​ | ​ | ​ | ​
Land |  | $ | 6,924 |  | $ | 5,924
Buildings and improvements | ​ |  | 23,413 | ​ |  | 22,172
Leasehold improvements | ​ |  | 3,118 | ​ |  | 3,154
Furniture and equipment | ​ |  | 11,558 | ​ |  | 11,510
Total | ​ |  | 45,013 | ​ |  | 42,760
Less accumulated depreciation and amortization | ​ |  | (22,709) | ​ |  | (21,042)
Premises and equipment, net | ​ | $ | 22,304 | ​ | $ | 21,718
​ Depreciation and amortization expense was $2.1 million, $2.0 million and $1.7 million for the years ended March 31, 2025, 2024 and 2023, respectively.

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