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Consolidated Statements of Financial Position (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Mar. 31, 2012
Cash and cash equivalents:    
Cash and due from banks $ 82,179 $ 89,872
Money market investments 9,898 1,825
Total cash and cash equivalents 92,077 91,697
Restricted cash 6,415 6,415
Investment securities:    
available for sale, at fair value 114,462 85,106
Held-to-maturity Securities 10,038 11,081
Total investments 124,500 96,187
Loans Held-for-sale, Fair Value Disclosure 26,830 29,626
Loans receivable:    
Loans Receivable, Gross, Commercial, Real Estate 343,402 367,611
Commercial business loans 36,132 43,989
Loans and Leases Receivable, Gross, Consumer 416 1,258
Loans, net 379,950 412,858
Loans and Leases Receivable, Allowance (16,408) (19,821)
Total Loans Receivable, Net 363,542 393,037
Premises and equipment, net 9,084 9,573
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 3,008 2,168
Accrued interest receivable 2,438 2,256
Other assets 10,380 10,271
Total assets 638,274 641,230
Deposits:    
Savings 98,615 101,079
Non-Interest Bearing Checking 59,344 67,202
NOW 24,977 28,325
Money Market 110,206 109,404
Certificates of Deposit 213,234 226,587
Total deposits 506,376 532,597
Advances from the FHLB-NY and other borrowed money 65,414 43,429
Other liabilities 11,304 8,585
Total liabilities 583,094 584,611
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 55,063 54,068
Accumulated Deficit (45,599) (45,091)
Non-controlling interest 795 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 159 159
Total stockholders’ equity 55,180 56,619
Total liabilities and stockholders’ equity $ 638,274 $ 641,230