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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (9,973) $ (2,988)
Adjustments to reconcile net income to net cash provided by operating activities:    
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal) 817 77
Stock based compensation expense 27 220
Depreciation and amortization expense 639 744
Gain (Loss) on Sales of Loans, Net 191 0
Amortization and accretion of loan premiums and discounts and deferred charges, net 156 155
Amortization and accretion of premiums and discounts — securities 164 249
Decrease (increase) in accrued interest receivable 1,195 (503)
Decrease (increase) in other assets 263 (237)
Increase (decrease) in other liabilities 100 (1,431)
Net cash used in operating activities (6,421) (3,714)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from principal payments, maturities and calls of investments: Available-for-sale 3,456 4,430
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity 197 236
Payments to Acquire Other Investments 0 (603)
Loans held-for investment, net of (originations) and repayments/payoffs and maturities (15,345) (2,855)
Loans purchased from third parties (3,760) (29,467)
Proceeds from loans sold 143 0
Redemption of FHLB-NY stock, net 339 262
Purchase of premises and equipment (313) (236)
Net cash provided by (used in) investing activities 15,407 (22,523)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (decrease) increase in deposits (10,060) 62,388
Repayment of short-term borrowings 0 (10,000)
Proceeds from Issuance of Long-term Debt 1,814 5,527
Repayment of long-term borrowings (10,000) 0
Issuance of common stock 194 1,000
Net cash (used in) provided by financing activities (18,052) 58,915
Net (decrease) increase in cash and cash equivalents (9,066) 32,678
Cash and cash equivalents at beginning of period 59,025 42,552
Cash and cash equivalents at end of period 49,959 75,230
Noncash financing and investing activities    
Conversion of preferred stock to common stock 0 2,750
Cash paid for:    
Interest 7,676 7,158
Tax on capital $ 187 $ 417