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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2023
Mar. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 42,298 $ 60,764
Money market investments 254 254
Total cash and cash equivalents 42,552 61,018
Investment securities:    
Available-for-sale 53,843 67,596
Held-to-maturity 2,318 5,254
Investments, Total 56,161 72,850
Loans receivable:    
Loans, gross 597,896 579,504
Allowance for loan losses (5,229) (5,624)
Total loans receivable, net 592,667 573,880
Premises and equipment, net 3,174 3,775
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 2,266 584
Accrued interest receivable 1,911 2,414
Right-of-use assets 12,311 13,637
Other assets 12,182 7,156
Total assets 723,224 735,314
Deposits:    
Non-interest bearing checking 109,401 107,472
Interest-bearing checking 49,473 57,985
Savings 109,210 112,305
Money market 150,348 208,122
Certificates of deposit 178,694 139,255
Escrow 3,303 2,978
Interest-bearing Deposit Liabilities, Domestic, Total 491,028 520,645
Total deposits 600,429 628,117
Advances from the FHLB-NY and other borrowed money 51,090 15,949
Operating lease liability 13,173 14,393
Other liabilities 13,308 21,768
Total liabilities 678,000 680,227
EQUITY    
Common stock 68 67
Additional paid-in capital 82,805 82,165
Accumulated deficit (47,904) (43,503)
Treasury Stock, at cost (2,908) (2,908)
Accumulated other comprehensive loss (12,215) (6,662)
Total equity 45,224 55,087
Total liabilities and equity 723,224 735,314
Series D Preferred Stock    
EQUITY    
Preferred stock 13,201 13,751
Series E Preferred Stock    
EQUITY    
Preferred stock 3,177 3,177
Series F Preferred Stock    
EQUITY    
Preferred stock 9,000 9,000
Real Estate    
Loans receivable:    
Loans, gross 423,349 407,835
Business    
Loans receivable:    
Loans, gross 166,908 170,031
Allowance for loan losses (1,139) (2,497)
Consumer    
Loans receivable:    
Loans, gross 7,639 1,638
Allowance for loan losses $ (449) $ (123)