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Leases | 12 Months Ended
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Mar. 31, 2025
Leases [Abstract] |
Lessee, Operating Leases | LEASES As of March 31, 2025, operating right-of-use ("ROU") lease assets and related lease liabilities totaled $8.2 million and $8.9 million, respectively. As of March 31, 2024, operating ROU lease assets and related lease liabilities totaled $9.8 million and $10.6 million, respectively. As of March 31, 2025, the Company had $24 thousand and $26 thousand of ROU asset and lease liability, respectively, for finance leases related to equipment. The ROU asset is included in Premises and Equipment, net, and the lease liability is included in Advances from the FHLB-NY and Other Borrowed Money on the statements of financial condition. The following tables present information about the Company's leases and the related lease costs as of and for the year ended March 31, 2025:
|  | March 31, 2025 |  | March 31, 2024
Weighted-average remaining lease term |  |  |  |
Operating leases |  | 3.5 years |  | 4.3 years
Finance lease |  | 1.3 years |  | 2.6 years
Weighted-average discount rate |  |  |  |
Operating leases |  | 3.34 | % |  | 3.05 | %
Finance lease |  | 5.00 | % |  | 4.32 | %
$ in thousands |  | March 31, 2025 |  | March 31, 2024
Operating lease expense |  | $ | 2,797 |  |  | $ | 2,774 |
Finance lease cost |  |  |  |
Amortization of right-of use asset |  | 47 |  |  | 94
Interest on lease liability |  | 3 |  |  | 6
Cash paid for amounts included in the measurement of lease liabilities
Operating leases |  | 2,947 |  |  | 2,833 |
Finance lease |  | 55 |  |  | 95 |
Maturities of lease liabilities at March 31, 2025 are as follows:
$ in thousands |  | Operating Leases |  | Finance Leases
Year ending March 31, |  |  |  |
2026 |  | $ | 2,893 |  |  | $ | 26 |
2027 |  | 2,583 |  |  | — |
2028 |  | 2,411 |  |  | — |
2029 |  | 1,326 |  |  | — |
2030 |  | 134 |  |  | — |
Thereafter |  | 80 |  |  | — |
Total lease payments |  | 9,427 |  |  | 26 |
Interest |  | (558) |  |  | — |
Lease liability |  | $ | 8,869 |  |  | $ | 26 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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