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Consolidated Statements of Financial Position (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Mar. 31, 2012
Cash and cash equivalents:    
Cash and due from banks $ 104,193 $ 89,872
Money market investments 6,810 1,825
Total cash and cash equivalents 111,003 91,697
Restricted cash 6,415 6,415
Investment securities:    
available for sale, at fair value 90,833 85,106
Held-to-maturity Securities 10,401 11,081
Total investments 101,234 96,187
Loans Held-for-sale, Fair Value Disclosure 30,163 29,626
Loans receivable:    
Loans Receivable, Gross, Commercial, Real Estate 348,361 367,611
Commercial business loans 41,120 43,989
Loans and Leases Receivable, Gross, Consumer 419 1,258
Loans, net 389,900 412,858
Loans and Leases Receivable, Allowance (18,607) (19,821)
Total Loans Receivable, Net 371,293 393,037
Premises and equipment, net 9,306 9,573
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 3,054 2,168
Accrued interest receivable 2,180 2,256
Other assets 10,310 10,271
Total assets 644,958 641,230
Deposits:    
Savings 100,774 101,079
Non-Interest Bearing Checking 62,125 67,202
NOW 25,146 28,325
Money Market 109,516 109,404
Certificates of Deposit 216,507 226,587
Total deposits 514,068 532,597
Advances from the FHLB-NY and other borrowed money 66,421 43,429
Other liabilities 9,494 8,585
Total liabilities 589,983 584,611
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 45,118
Common stock (par value $0.01 per share: 10,000,000 shares authorized; 3,697,264 issued; 3,695,320 and 3,695,174 shares outstanding at June 30, 2012 and March 31, 2012, respectively) 61 61
Additional paid-in capital 54,549 54,068
Accumulated Deficit (45,461) (45,091)
Non-controlling interest 1,356 2,751
Treasury stock, at cost (1,944 at June 2012 and 2,090 shares at March 31, 2012, respectively) (417) (447)
Accumulated other comprehensive income (231) 159
Total stockholders’ equity 54,975 56,619
Total liabilities and stockholders’ equity $ 644,958 $ 641,230