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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2011
Net loss before attribution of noncontrolling interests $ (283) $ (22,778) $ (39,470)
Non Controlling interest, net of taxes (945) 629 57
Operating Income (Loss) 662 (23,407) (39,527)
Adjustments to reconcile net income to net cash from operating activities:      
Provision for loan losses (3,327) 16,342 27,114
Deferred Tax Asset and related valuation allowance 0 0 14,321
Provision for REO losses 0 0 98
Stock based compensation expense 2 53 20
Depreciation and amortization expense 1,132 1,369 1,534
Amortization of intangibles 0 76 127
Loss from sale of real estate owned 808 216 202
Gain (Loss) on Sale of Investments (174) 0 (764)
Gain on sale of loans, net (2,250) (257) (8)
Market adjustment on held-for-sale loans 32 1,870 (200)
Originations of Transfersof loans held-for-sale 0 0 (2,413)
Proceeds from sale of loans held-for-sale 27,840 32,435 2,413
Assets repurchased from third parties (4,129) 0 0
Decrease in accrued interest receivable 52 598 685
Increase in loan premiums and discounts and deferred charges (417) (229) 130
Decrease (increase) in premiums and discounts — securities 358 (253) 605
Decrease (increase) in other assets 20 1,602 (643)
Increase (decrease) in other liabilities (268) 1,112 613
Net cash provided by operating activities 20,341 31,527 4,307
Purchases of securities:      
Purchase of securities: Available-for-sale (75,936) (54,344) (80,653)
Purchase of securities:Held-to-maturity 0 0 (7,992)
Proceeds from principal payments, maturities, calls and sales of securities:      
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities 44,830 23,854 70,993
Proceeds from principal payments, maturities, calls and sales of securities: Held-to-maturity 2,692 6,492 2,734
Originations of loans held-for-investment (35,177) (21,267) (10,042)
Loans purchased from third parties (12,161) 0 (22,227)
Principal collections on loans 76,158 109,542 98,260
Proceeds on sale of loans 1,718 2,872 3,335
Increase in restricted cash (4,251) (6,415) 0
(Purchase)/redemption of FHLB-NY stock (1,335) 1,184 754
Disposals (additions) to premises and equipment (218) (144) (502)
Proceeds from sale of real estate owned 195 564 977
Net cash provided by investing activities (3,485) 62,338 55,637
FINANCING ACTIVITIES      
Net decrease in deposits (36,881) (28,102) (42,551)
Net change in borrowings of FHLB-NY advances and other borrowings 32,974 (69,212) (19,029)
Increase in capital 0 51,432 6,655
Dividends paid 0 (364) 712
Net cash (used in) provided by financing activities (3,907) (46,246) (54,213)
Net (decrease) increase in cash and cash equivalents 12,949 47,619 5,731
Cash and cash equivalents at beginning of period 91,697 44,077 38,346
Cash and cash equivalents at end of period 104,646 91,697 44,077
Noncash Transfers-      
Change in unrealized loss on valuation of available-for-sale investments, net 677 299 381
Transfer of loans held for investment to loans held-for-sale 9,724 53,815 9,405
Cash paid for-      
Interest Paid 4,455 8,454 9,500
Income Taxes Paid $ 69 $ 708 $ 1,224