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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Interest income:        
Loans $ 5,829 $ 7,336 $ 22,607 $ 21,203
Mortgage-backed securities 132 145 405 439
Investment securities 243 289 823 835
Money market investments 641 704 2,043 1,801
Total interest income 6,845 8,474 25,878 24,278
Interest expense:        
Deposits 3,416 2,387 9,760 6,112
Advances and other borrowed money 474 606 1,664 1,784
Total interest expense 3,890 2,993 11,424 7,896
Net interest income 2,955 5,481 14,454 16,382
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal) 96 (97) 817 77
Net interest income after provision for (recovery of) credit losses 2,859 5,578 13,637 16,305
Non-interest income:        
Depository fees and charges 643 543 1,726 1,678
Loan fees and service charges 219 101 263 357
Loss on sale of loans, net 0 0 (191) 0
Grant income 0 1,401 80 2,003
Other 125 490 398 715
Total non-interest income 987 2,535 2,276 4,753
Noninterest Expense [Abstract]        
Employee compensation and benefits 4,050 3,452 11,093 10,097
Net occupancy expense 1,295 1,147 3,771 3,428
Equipment, net 543 470 1,673 1,534
Data processing 759 757 2,284 2,265
Consulting fees 141 133 421 370
Federal deposit insurance premiums 158 132 487 415
Other 2,548 2,003 6,157 5,937
Total non-interest expense 9,494 8,094 25,886 24,046
(Loss) income before income taxes (5,648) 19 (9,973) (2,988)
Income tax expense 0 0 0 0
Net (loss) income $ (5,648) $ 19 $ (9,973) $ (2,988)
(Loss) earnings per common share:        
Earnings (loss) per Share, Basic (in dollars per share) $ (1.09) $ 0 $ (1.93) $ (0.63)
Earnings (loss) per Share, Diluted (in dollars per share) $ (1.09) $ 0 $ (1.93) $ (0.63)