XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2022
Mar. 31, 2021
Cash and cash equivalents:    
Cash and due from banks $ 60,764 $ 75,337
Money market investments 254 254
Total cash and cash equivalents 61,018 75,591
Investment securities:    
Available-for-sale 67,596 86,507
Held-to-maturity 5,254 7,807
Investments, Total 72,850 94,314
Loans receivable:    
Loans, gross 579,504 483,549
Allowance for loan losses (5,624) (5,140)
Total loans receivable, net 573,880 478,409
Premises and equipment, net 3,775 4,611
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 584 552
Accrued interest receivable 2,414 2,640
Right-of-use assets 13,637 15,344
Other assets 7,156 5,287
Total assets 735,314 676,748
Deposits:    
Non-interest bearing checking 107,472 110,525
Interest-bearing checking 57,985 45,605
Savings 112,305 108,199
Money market 208,122 137,230
Certificates of deposit 139,255 152,723
Escrow 2,978 2,277
Interest-bearing Deposit Liabilities, Domestic, Total 520,645 446,034
Total deposits 628,117 556,559
Advances from the FHLB-NY and other borrowed money 15,949 37,222
Operating lease liability 14,393 16,003
Other liabilities 21,768 14,663
Total liabilities 680,227 624,447
EQUITY    
Common stock 67 58
Additional paid-in capital 82,165 75,204
Accumulated deficit (43,503) (42,656)
Treasury Stock, at cost (2,908) (2,908)
Accumulated other comprehensive loss (6,662) (3,175)
Total equity 55,087 52,301
Total liabilities and equity 735,314 676,748
Series D Preferred Stock    
EQUITY    
Preferred stock 13,751 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 407,835 333,422
Business    
Loans receivable:    
Loans, gross 170,031 147,680
Allowance for loan losses (2,497) (1,855)
Consumer    
Loans receivable:    
Loans, gross 1,638 2,447
Allowance for loan losses $ (123) $ (165)