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Consolidated Statements of Financial Position (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Mar. 31, 2011
Cash and cash equivalents:    
Cash and due from banks $ 104,854 $ 36,725
Money market investments 1,821 7,352
Total cash and cash equivalents 106,675 44,077
Restricted cash 6,415 0
Investment securities:    
Available-for-sale, at fair value 55,712 53,551
Held-to-maturity, at amortized cost (fair value of $12,203 and $18,124 at December 31, 2011 and March 31, 2011, respectively) 11,509 17,697
Total investments 67,221 71,248
Loans held-for-sale (“HFS”) 22,490 9,205
Loans receivable:    
Real estate mortgage loans 410,848 525,894
Commercial business loans 46,077 53,060
Consumer loans 1,252 1,349
Loans, net 458,177 580,303
Allowance for loan losses (20,411) (23,147)
Total loans receivable, net 437,766 557,156
Premises and equipment, net 9,878 11,040
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 3,969 3,353
Accrued interest receivable 2,354 2,854
Other assets 13,970 10,282
Total assets 670,738 709,215
Deposits:    
Savings 101,447 106,906
Non-Interest Bearing Checking 74,871 123,706
NOW 27,174 27,297
Money Market 85,077 74,329
Certificates of Deposit 196,626 228,460
Total deposits 485,195 560,698
Advances from the FHLB-NY and other borrowed money 113,437 112,641
Other liabilities 9,206 8,159
Total liabilities 607,838 681,498
Stockholders’ equity:    
Preferred stock, (par value $0.01, per share) 45,118 Series D shares, with a liquidation preference of $1,000, issued and outstanding 45,118 0
Preferred stock (par value $0.01 per share, 2,000,000 shares authorized; 18,980 Series B shares, with a liquidation preference of $1,000.00 per share, issued and outstanding. 0 18,980
Common stock (par value $0.01 per share: 10,000,000 shares authorized; 3,697,264 and 168,312 shares issued; 3,697,264 and 165,618 shares outstanding at December 31, 2011 and March 31, 2011, respectively) 61 25
Additional paid-in capital 53,896 27,026
Accumulated Deficit (37,944) (21,464)
Non-controlling interest 2,237 4,038
Treasury stock, at cost (2,090 at December 31, 2011 and 2,695 shares at March 31, 2011, respectively) (447) (569)
Accumulated other comprehensive income (21) (319)
Total stockholders’ equity 62,900 27,717
Total liabilities and stockholders’ equity $ 670,738 $ 709,215