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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,401) $ (847)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for loan losses 100 603
Stock based compensation expense 91 122
Depreciation and amortization expense 1,058 1,029
Gain on sale of loans, net (107) 0
Amortization and accretion of loan premiums and discounts and deferred charges (202) (335)
Amortization and accretion of premiums and discounts - securities (397) (609)
Decrease in accrued interest receivable 503 226
Increase (Decrease) in Other Assets 480 (1,301)
Increase (Decrease) in Other Liabilities (8,432) 7,046
Net cash (used in) provided by operating activities (10,513) 7,152
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from principal payments, maturities and calls of investments: Available-for-sale 7,812 14,775
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity 2,927 2,524
Purchase of bank-owned life insurance (5,000) 0
Loans held-for-investment, net of originations and repayments/payoffs and maturities 9,934 51,977
Loans purchased from third parties (14,289) (50,257)
Proceeds from participation loans sold 4,000 6,080
Proceeds from sale of loans 1,129 0
Purchase of FHLB-NY stock (1,682) (32)
Purchase of premises and equipment (225) (192)
Net cash used in investing activities (15,262) (79,079)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (decrease) increase in deposits (27,688) 71,558
Increase in short-term borrowings 10,000 0
Proceeds from Issuance of Long-term Debt 25,000 2,500
Repayments of Long-Term Debt (3) (23,702)
Proceeds from Issuance of Common Stock 0 2,998
Proceeds from Issuance of Preferred Stock 0 4,000
Net cash provided by financing activities 7,309 57,354
Net increase (decrease) in cash and cash equivalents (18,466) (14,573)
Cash, and cash equivalents - Beginning Balance 61,018 75,591
Cash and cash equivalents - Ending Balance 42,552 61,018
Noncash financing and investing activities    
Recognition of right-of-use asset 1,103  
Recognition of finance lease asset 183 0
Recognition of finance lease liability 183 0
Conversion of preferred stock to commom stock 550 3,850
Cash paid for:    
Interest 4,621 5,520
Income taxes $ 193 $ 211