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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Interest income:    
Loans $ 8,067 $ 6,811
Mortgage-backed securities 140 149
Investment securities 292 301
Money market investments 708 533
Total interest income 9,207 7,794
Interest expense:    
Deposits 3,111 1,714
Advances and other borrowed money 592 578
Total interest expense 3,703 2,292
Net interest income 5,504 5,502
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal) 260 6
Net interest income after provision for credit losses 5,244 5,496
Non-interest income:    
Depository fees and charges 538 577
Loan fees and service charges (29) 64
Grant income 80 20
Other 116 94
Total non-interest income 705 755
Non-interest expense:    
Employee compensation and benefits 3,501 3,321
Net occupancy expense 1,197 1,105
Equipment, net 580 477
Data processing 732 751
Consulting fees 79 100
Federal deposit insurance premiums 170 128
Other 1,902 1,790
Total non-interest expense 8,161 7,672
Loss before income taxes (2,212) (1,421)
Income tax expense 0 0
Net loss $ (2,212) $ (1,421)
Loss per common share:    
Earnings (loss) per Share, Basic (in dollars per share) $ (0.43) $ (0.32)
Earnings (loss) per Share, Diluted (in dollars per share) $ (0.43) $ (0.32)