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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2010
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (22,778) $ (39,470) $ (1,021)
Non Controlling interest, net of taxes 629 57 0
Net Loss (23,407) (39,527) (1,021)
Adjustments to reconcile net income to net cash from operating activities:      
Provision for loan losses 16,342 27,114 7,845
Deferred tax asset and related valuation allowance 0 (14,321) 0
Provision for REO losses 0 (98) (15)
Stock based compensation expense 53 20 27
Depreciation and amortization expense 1,369 1,534 1,723
Amortization of intangibles 76 127 806
Gain on sale of building 0 0 (1,172)
Loss from sale of real estate owned 216 202 14
Gain on sale of securities, net 0 (764) (446)
Gain on sale of loans, net (257) (8) 212
Loans Receivable Held-for-sale, Reconciliation to Cash Flow, Additions to Held-for-sale 1,870 (200) 2,136
Originations of Transfersof loans held-for-sale 0 (2,413) (2,850)
Proceeds from sale of loans held-for-sale 32,435 2,413 2,809
Decrease in accrued interest receivable 598 685 158
Increase in loan premiums and discounts and deferred charges (229) 130 0
Decrease (increase) in premiums and discounts — securities (253) 605 0
Decrease (increase) in other assets 1,602 (643) (9,113)
Increase (decrease) in other liabilities 1,112 613 325
Net cash provided by operating activities 31,527 4,307 1,468
INVESTING ACTIVITIES      
Purchase of securities: Available-for-sale (54,344) (80,653) (23,657)
Purchase of securities:Held-to-maturity    (7,992) 0
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities 23,854 70,993 40,437
Proceeds from principal payments, maturities, calls and sales of securities: Held-to-maturity 6,492 2,734 2,472
Originations of loans held-for-investment (21,267) (10,042) (105,570)
Loans purchased from third parties 0 (22,227) (10,760)
Principal collections on loans 109,542 98,260 102,330
Proceeds on sale of loans 2,872 3,335 349
Increase in restricted cash (6,415) 0 0
Redemption of FHLB-NY stock 1,184 754 68
Disposals (Additions) to premises and equipment (144) (502) 3,082
Proceeds from sale of real estate owned 564 977 423
Net cash provided by investing activities 62,338 55,637 9,174
FINANCING ACTIVITIES      
Net decrease in deposits (28,102) (42,551) (167)
Net change in borrowings of FHLB-NY advances and other borrowings (69,212) (19,029) 16,540
Increase in capital 51,432 6,655 0
Common stock repurchased 0 0 (68)
Dividends paid (364) 712 (1,942)
Net cash (used in) provided by financing activities (46,246) (54,213) 14,363
Net (decrease) increase in cash and cash equivalents 47,619 5,731 25,005
Cash and cash equivalents at beginning of period 44,077 38,346 13,341
Cash and cash equivalents at end of period 91,697 44,077 38,346
Noncash Transfers-      
Change in unrealized loss on valuation of available-for-sale investments, net 299 381 181
Transfer of Loans Held-for-sale to Portfolio Loans 0 0 17,731
Transfer of loans held for investment to loans held-for-sale 53,815 9,405 0
Cash paid for-      
Interest Paid 8,454 9,500 13,764
Income Taxes Paid $ 708 $ 1,224 $ 120