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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2017
Mar. 31, 2017
Cash and cash equivalents:    
Cash and due from banks $ 67,392 $ 58,428
Money market investments 258 258
Total cash and cash equivalents 67,650 58,686
Restricted cash 0 283
Investment securities:    
Available-for-sale 56,486 59,011
Held-to-maturity [1] 12,752 13,435
Total investment securities 69,238 72,446
Loans held-for-sale (HFS) 0 944
Loans receivable:    
Real estate mortgage loans 437,164 471,444
Commercial business loans 72,991 65,114
Consumer loans 8,388 8,994
Loans, gross 518,543 545,552
Allowance for loan losses (5,126) (5,060)
Total loans receivable, net 513,417 540,492
Premises and equipment, net 5,665 5,427
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 1,768 2,171
Accrued interest receivable 2,190 1,583
Other assets 6,468 5,829
Total assets 666,396 687,861
Deposits:    
Non-interest bearing checking 58,051 61,576
Interest-bearing deposits    
Savings 101,582 100,913
Interest-bearing checking 23,898 37,180
Money market 107,876 140,807
Certificates of deposit 275,837 236,342
Escrow 2,242 2,358
Total interest-bearing deposits 511,435 517,600
Total deposits 569,486 579,176
Advances from the FHLB-NY and other borrowed money 39,403 49,403
Other liabilities 10,833 11,884
Total liabilities 619,722 640,463
EQUITY    
Preferred stock 45,118 45,118
Common stock 61 61
Additional paid-in capital 55,476 55,474
Accumulated deficit (52,132) (50,898)
Treasury stock (417) (417)
Accumulated other comprehensive loss (1,432) (1,940)
Total equity 46,674 47,398
Total liabilities and equity $ 666,396 $ 687,861
[1] * The carrying amount and amortized cost are the same for all held-to-maturity securities, as no OTTI has been recorded.