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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Net loss before attribution of noncontrolling interests $ (1,435) $ (14,298)
Noncontrolling interest 936 (1,282)
Net Loss (499) (15,580)
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 784 12,177
Stock based compensation expense 0 37
Depreciation and amortization expense 551 723
Amortization of intangibles 0 76
Loss from sale of real estate owned 288 124
Gain on sale of loans, net (604) (135)
Market Adjustment on held for sale loans 0 375
Proceeds from sale of loans held-for-sale 10,191 8,237
Decrease in accrued interest receivable (182) 371
Increase in loan premiums and discounts and deferred charges (162) (80)
Decrease (increase) in premiums and discounts — securities 574 221
Decrease (increase) in other assets (269) 364
Increase (decrease) in other liabilities 1,482 3,746
Net cash provided by operating activities 12,154 10,656
INVESTING ACTIVITIES    
Purchase of securities: Available-for-sale (51,399) (18,325)
Proceeds from principal payments, maturities, calls and sales of securities: Available-for-sale 21,795 14,355
Proceeds from principal payments, maturities, calls and sales of securities: Held-to-maturity 1,022 5,689
Originations of loans held-for-investment (11,645) (14,708)
Principal collections on loans 32,326 51,800
Proceeds on sale of loans 1,071 1,363
Increase in restricted cash 0 (6,275)
(Purchase)/redemption of FHLB-NY stock (840) 509
Additions to premises and equipment (62) (115)
Proceeds from sale of real estate owned 195 563
Net cash provided by investing activities (7,537) 34,856
FINANCING ACTIVITIES    
Net decrease in deposits (26,221) (60,876)
Net change in FHLB-NY advances and other borrowings 21,984 (10,128)
Increase in capital 0 51,432
Net cash (used in) provided by financing activities (4,237) (19,572)
Net (decrease) increase in cash and cash equivalents 380 25,940
Cash and cash equivalents at beginning of period 91,697 44,077
Cash and cash equivalents at end of period 92,077 70,017
Noncash Transfers-    
Change in unrealized loss on valuation of available-for-sale investments, net 180 169
Transfers from loans held-for-investment to loans held-for-sale 6,991 38,776
Cash paid for-    
Interest Paid 2,348 3,959
Income Taxes Paid $ 29 $ 808