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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2025
Mar. 31, 2025
Cash and cash equivalents:    
Cash and due from banks $ 40,242 $ 49,810
Money market investments 505 505
Total cash and cash equivalents 40,747 50,315
Investment securities:    
Available-for-sale 44,069 44,522
Held-to-maturity 1,650 1,750
Total investment securities 45,719 46,272
Loans receivable:    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss 592,932 613,684
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest (6,129) (6,337)
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss, Total 586,803 607,347
Premises and equipment, net 1,942 2,010
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 1,148 853
Accrued interest receivable 3,092 2,980
Right-of-use assets 6,951 8,247
Other assets 11,531 11,967
Total assets 697,933 729,991
Deposits:    
Non-interest bearing checking 91,214 89,538
Interest-bearing deposits:    
Interest-bearing checking 42,185 44,453
Savings 110,649 111,365
Money market 165,761 161,592
Certificates of deposit 212,326 252,129
Escrow 3,457 2,760
Total interest-bearing deposits 534,378 572,299
Total deposits 625,592 661,837
Advances from the FHLB-NY and other borrowed money 27,546 20,243
Operating lease liability 7,529 8,869
Other liabilities 10,337 9,464
Total liabilities 671,004 700,413
Commitments and Contingencies 0 0
EQUITY    
Common stock 78 78
Additional paid-in capital 87,933 87,920
Accumulated deficit (68,901) (65,293)
Treasury stock (2,908) (2,908)
Accumulated other comprehensive loss (11,007) (11,953)
Total equity 26,929 29,578
Total liabilities and equity $ 697,933 $ 729,991
Common Stock, Shares Issued (in shares) 7,790,903 7,644,675
Common Stock, Shares Outstanding (in shares) 5,287,100 5,140,872
Debt Securities, Available-for-sale, Amortized Cost $ 55,076 $ 56,475
Series D Preferred Stock    
Interest-bearing deposits:    
Convertible Preferred Stock, Shares Outstanding (in shares) 9,557 9,557
EQUITY    
Preferred stock $ 9,557 $ 9,557
Convertible Preferred Stock, Shares Issued (in shares) 9,557 9,557
Series E Preferred Stock    
Interest-bearing deposits:    
Convertible Preferred Stock, Shares Outstanding (in shares) 3,177 3,177
EQUITY    
Preferred stock $ 3,177 $ 3,177
Convertible Preferred Stock, Shares Issued (in shares) 3,177 3,177
Series F Preferred Stock    
Interest-bearing deposits:    
Convertible Preferred Stock, Shares Outstanding (in shares) 9,000 9,000
EQUITY    
Preferred stock $ 9,000 $ 9,000
Convertible Preferred Stock, Shares Issued (in shares) 9,000 9,000
Real Estate    
Loans receivable:    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss $ 406,080 $ 423,023
Business    
Loans receivable:    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [1] 161,515 164,964
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest (1,737) (1,646)
Consumer    
Loans receivable:    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [2] 25,337 25,697
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest $ (626) $ (593)
[1]
(1) Includes PPP loans and business overdrafts
[2] 2) Includes personal loans and consumer overdrafts