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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 156 $ 289 [1]
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (recovery of) loan losses (364) 677
Stock based compensation expense 0 2
Depreciation and amortization expense 431 498
Gain on sale of real estate owned, net (10) (18)
Gain on sale of securities, net (58) (1)
Gain on sale of loans, net (4) (194)
Gain on sale of building (34) 0
Amortization and accretion of loan premium and discounts and deferred charges 88 (1,664)
Amortization and accretion of premiums and discounts — securities 150 24
Proceeds from sale of loans held-for-sale 4,645 730
Increase in accrued interest receivable 28 (735)
Increase in other assets 300 649
Increase in other liabilities (2,139) 2,008
Net cash provided by operating activities (1,456) 1,535
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments: Available-for-sale (10,606) 0
Purchases of securities: Held-to-maturity 0 (5,117)
Proceeds sales of investments: Available-for-sale 7,259 4,951
Proceeds from principal payments, maturities, calls and sales of securities: Available-for-sale 15,730 20,603
Proceeds from principal payments, maturities, calls and sales of securities: Held-to-maturity 817 1,028
Originations of loans held-for-investment, net of repayments 35,443 (18,096)
Loans purchased from third parties 0 (63,978)
Proceeds on sale of loans 5,401 0
Increase in restricted cash (29) 6,200
Redemption of FHLB-NY stock 937 (39)
Purchase of premises and equipment (33) (305)
Proceeds from sale of real estate owned 160 636
Net cash provided by investing activities 59,724 (53,387)
CASH FLOW FROM FINANCING ACTIVITIES    
Net (decrease) increase in deposits (23,142) 58,532
Net decrease in FHLB-NY advances and other borrowings (25,000) 0
Net cash used in financing activities (48,142) 58,532
Net decrease in cash and cash equivalents 10,126 6,680
Cash and cash equivalents at beginning of period 63,660 50,992
Cash and cash equivalents at end of period 73,786 57,672
Supplemental Cash Flow Information [Abstract]    
Securities purchased but not yet paid for 10,079 0
Transfers to real estate owned 462 0
Cash paid for-    
Interest 4,692 1,927
Income taxes $ 57 $ 86
[1] (1) September 30, 2015 amounts have been restated from previously reported results to correct for a material and certain other errors from prior periods. Refer to Note 1 for further detail.