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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,853) $ (1,767) [1],[2],[3]
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for loan losses 29 1,495 [1],[3],[4]
Stock based compensation expense 4 2 [1],[4]
Depreciation and amortization expense 867 1,415 [1],[4]
Real Estate Owned, Valuation Allowance, Provision 134  
Loss (gain) on sale of real estate owned, net of market value adjustment 0 (35) [1],[3],[4]
Gain on sale of securities, net (58) (1) [1],[4]
Gain on sale of loans, net (4) (499) [1],[4]
Gain on sale of building (69) (1,221) [1],[3],[4]
Market adjustment on held-for-sale loans 47 (1) [1],[3],[4]
Amortization and accretion of loan premiums and discounts and deferred charges 57 136 [1],[2]
Amortization and accretion of premiums and discounts - securities 342 322 [1],[2]
Decrease (increase) in accrued interest receivable 837 76 [1],[2]
Decrease (increase) in other assets 1,641 (972) [1],[2]
Increase in other liabilities (147) 1,470 [1],[2]
Net cash provided by operating activities 827 420 [1],[2]
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of investments: Available-for-sale (30,761) (148) [4]
Purchases of securities: Held-to-maturity 0 (5,118) [4]
Proceeds from sales of investments: Available-for-sale 7,259 4,951 [4]
Proceeds from principal payments, maturities and calls of investments: Available-for-sale 18,676 39,745 [4]
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity 1,801 1,770 [4]
Originations of loans held-for-investment, net of repayments (54,235) 18,998 [4]
Loans purchased from third parties (22,588) (105,496) [4]
Proceeds from sale of loans held-for-sale 4,798 730 [4]
Proceeds on sale of loans 7,255 18,119 [4]
(Increase) decrease in restricted cash (58) 6,129 [4]
Redemption of FHLB-NY stock 712 636 [4]
Purchase of premises and equipment (262) (574) [4]
Proceeds from sale of building 0 2,113 [4]
Proceeds from sale of real estate owned 169 4,105 [4]
Net cash provided by (used in) investing activities 41,236 (52,036) [1],[4]
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (decrease) increase in deposits (27,565) 78,980 [1]
Net decrease in short-term FHLB-NY advances and other short-term borrowings (19,000) (15,000) [1]
Net cash (used in) provided by financing activities (46,565) 63,980 [1]
Net (decrease) increase in cash and cash equivalents (4,502) 12,364 [1],[2]
Cash and cash equivalents - Beginning Balance [1],[2] 63,188 [4],[5] 50,824
Cash and cash equivalents - Ending Balance 58,686 63,188 [1],[2],[4],[5]
Noncash financing and investing activities    
Transfer of loans held-for-investment to loans held-for-sale 3,563 730 [1]
Transfer to real estate owned from loans held-for-investment and loans held-for-sale 463 738 [1]
Cash paid for:    
Interest 6,860 4,085 [1]
Income taxes $ 134 $ 217 [1]
[1] (1) March 31, 2015 and 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 19 for further detail.
[2] (1) March 31, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Net loss was increased by $1.6 million, equity in net loss of subsidiaries was increased by $1.5 million and increase in other liabilities was increased by $66 thousand. Refer to Notes 1 and 19 for further detail.
[3] (1) March 31, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 19 for further detail.
[4] (1) March 31, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Equity in net loss from subsidiaries was increased and total income was reduced by $1.5 million, interest expense on borrowings and total expense were increased by $66 thousand, and net loss and comprehensive loss were increased $1.6 million. Refer to Notes 1 and 19 for further detail.
[5] (1) March 31, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 19 for further detail.