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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2021
Mar. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 78,876 $ 75,337
Money market investments 254 254
Total cash and cash equivalents 79,130 75,591
Investment securities:    
Available-for-sale 79,853 86,507
Held-to-maturity 5,623 7,807
Total investment securities 85,476 94,314
Loans receivable:    
Loans, gross 520,653 483,549
Allowance for loan and lease losses (5,515) (5,140)
Total loans receivable, net 515,138 478,409
Premises and equipment, net 4,233 4,611
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 674 552
Accrued interest receivable 2,599 2,640
Right-of-use assets 14,838 15,344
Other assets 4,786 5,287
Total assets 706,874 676,748
Deposits:    
Non-interest bearing checking 146,182 110,525
Interest-bearing deposits:    
Interest-bearing checking 49,654 45,605
Savings 110,650 108,199
Money market 147,681 137,230
Certificates of deposit 146,360 152,723
Escrow 2,838 2,277
Total interest-bearing deposits 457,183 446,034
Total deposits 603,365 556,559
Advances from the FHLB-NY and other borrowed money 21,532 37,222
Operating lease liability 15,548 16,003
Other liabilities 10,211 14,663
Total liabilities 650,656 624,447
EQUITY    
Common stock 61 58
Additional paid-in capital 76,949 75,204
Accumulated deficit $ (44,328) $ (42,656)
Treasury Stock 2,503,803 2,503,803
Treasury stock $ (2,908) $ (2,908)
Accumulated other comprehensive loss (1,684) (3,175)
Total equity 56,218 52,301
Total liabilities and equity 706,874 676,748
Series D Preferred Stock    
EQUITY    
Preferred stock 15,951 17,601
Series E Preferred Stock    
EQUITY    
Preferred stock 3,177 3,177
Series F Preferred Stock    
EQUITY    
Preferred stock 9,000 5,000
Real Estate    
Loans receivable:    
Loans, gross 360,988 333,422
Business    
Loans receivable:    
Loans, gross 157,627 147,680
Allowance for loan and lease losses (2,106) (1,855)
Consumer    
Loans receivable:    
Loans, gross 2,038 2,447
Allowance for loan and lease losses $ (137) $ (165)