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Carver Bancorp Inc.-Parent Company Only (Tables)

12 Months Ended

Mar. 31, 2022


	As of March 31,
$ in thousands	2022		2021
Assets
Cash on deposit with subsidiaries	$	1,433	$	12,374
Investment in subsidiaries	70,646		63,871
Other assets	66		363
Total assets	$	72,145	$	76,608

Liabilities and Stockholders' Equity
Borrowings	$	15,903	$	13,403
Accounts payable to subsidiaries	499		7,656
Other liabilities	656		3,248
Total liabilities	17,058		24,307

Stockholders’ equity	55,087		52,301
Total liabilities and stockholders’ equity	$	72,145	$	76,608


	Years Ended March 31,
$ in thousands	2022		2021
Income
Equity in net income/loss from subsidiaries	$	706	$	(3,039)
Other income	17		21
Grant income	60		500
Total income (loss)	783		(2,518)
Expense
Interest expense on borrowings	481		562
Salaries and employee benefits	232		168
Shareholder expense	162		223
Other	755		425
Total expense	1,630		1,378


Net loss	$	(847)	$	(3,896)
Comprehensive loss	$	(4,334)	$	(8,003)


	Years Ended March 31,
$ in thousands	2022		2021
Cash Flows From Operating Activities
Net loss	$	(847)	$	(3,896)
Adjustments to reconcile net loss to net cash from operating activities:
Equity in net income/loss from subsidiaries	(706)		3,039
Decrease (increase) in accounts receivable from subsidiaries	205		(164)
Decrease (increase) in other assets	92		(38)
(Decrease) increase in accounts payable to subsidiaries	(1,213)		917
(Decrease) increase in other liabilities	(2,593)		609

Net cash (used in) provided by operating activities	(5,062)		467






Cash Flows From Financing Activities
Increase in borrowings	2,500		—
Capital contribution	(15,500)		2,500
Redemption of treasury stock, net	—		(2,500)
Issuance of common stock	2,999		3,197
Issuance of preferred stock	4,000		8,177
Restricted stock vesting	122		37
Net cash (used in) provided by financing activities	(5,879)		11,411

Net (decrease) increase in cash	(10,941)		11,878
Cash and cash equivalents – beginning	12,374		496
Cash and cash equivalents – ending	$	1,433	$	12,374