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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Net loss before attribution of noncontrolling interests $ (1,152) $ (15,573)
Noncontrolling interest 1,126 (687)
Net Loss (26) (16,260)
Adjustments to reconcile net income to net cash from operating activities:    
Provision for loan losses 386 12,290
Stock based compensation expense 0 54
Depreciation and amortization expense 844 1,060
Amortization of intangibles 0 76
Loss from sale of real estate owned 288 216
Gain (Loss) on Sale of Investments (60) 0
Gain on sale of loans, net (1,714) (154)
Market Adjustment on held for sale loans 0 905
Proceeds from sale of loans held-for-sale 20,576 26,102
Assets repurchased from third parties (1,952) 0
Decrease in accrued interest receivable (103) 500
Increase in loan premiums and discounts and deferred charges (308) (210)
Decrease (increase) in premiums and discounts — securities 723 327
Decrease (increase) in other assets 2,125 (432)
Increase (decrease) in other liabilities 83 1,047
Net cash provided by operating activities 20,862 25,521
INVESTING ACTIVITIES    
Purchase of securities: Available-for-sale (53,855) (19,625)
Proceeds from principal payments, maturities, calls and sales of securities: Available-for-sale 28,767 17,675
Proceeds from principal payments, maturities, calls and sales of securities: Held-to-maturity 1,488 6,074
Originations of loans held-for-investment (17,366) (19,343)
Principal collections on loans 50,674 80,285
Proceeds on sale of loans 1,718 2,258
Increase in restricted cash 0 (6,415)
(Purchase)/redemption of FHLB-NY stock (1,200) (616)
Additions to premises and equipment (156) (140)
Proceeds from sale of real estate owned 195 563
Net cash provided by investing activities 10,265 60,716
FINANCING ACTIVITIES    
Net decrease in deposits (30,948) (75,503)
Net change in FHLB-NY advances and other borrowings 29,974 796
Increase in capital 0 51,432
Dividends paid 0 (364)
Net cash (used in) provided by financing activities (974) (23,639)
Net (decrease) increase in cash and cash equivalents 30,153 62,598
Cash and cash equivalents at beginning of period 91,697 44,077
Cash and cash equivalents at end of period 121,850 106,675
Noncash Transfers-    
Change in unrealized loss on valuation of available-for-sale investments, net 162 349
Transfers from loans held-for-investment to loans held-for-sale 8,884 40,222
Cash paid for-    
Interest Paid 3,480 5,851
Income Taxes Paid $ 49 $ 808