XML 17 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Cash and cash equivalents:      
Cash and due from banks $ 63,156 $ 44,864  
Money market investments 504 6,128  
Total cash and cash equivalents 63,660 50,992 $ 122,554
Restricted cash 225 6,354  
Investment securities:      
Available-for-sale Securities 56,180 100,204 [1],[2]  
Held-to-maturity 15,311 11,922  
Total investments 71,491 112,126 [1]  
Loans Receivable Held-for-sale, Amount 2,495 2,724 [2]  
Loans receivable:      
Real estate mortgage loans 517,785 412,688 [1]  
Commercial business loans 71,192 70,640 [3]  
Consumer loans 42 434  
Loans, net 589,019 483,762 [4],[5]  
Allowance for loan losses (5,232) (4,428) [2],[4],[5] (7,366) [5]
Total loans receivable, net 583,787 479,334 [6],[7]  
Premises and equipment, net 5,983 7,075  
Federal Home Loan Bank of New York (“FHLB-NY”) stock 2,883 3,519  
Accrued interest receivable 3,647 2,781  
Other assets 7,557 10,875 [8]  
Total assets 741,728 675,780 [7]  
Deposits:      
Savings 95,230 95,009  
Non-interest bearing checking 56,634 50,731  
Interest-bearing checking 33,106 30,860  
Money market 163,380 148,702  
Certificates of deposit 255,854 200,123  
Mortgagors deposits 2,537 2,336  
Deposits 606,741 527,761  
Advances from the FHLB-NY and other borrowed money 68,403 83,403  
Other liabilities 12,369 10,971 [9]  
Total liabilities 687,513 622,135 [4]  
EQUITY      
Preferred stock 45,118 45,118  
Common stock 61 61  
Additional paid-in capital 55,470 55,468  
Accumulated deficit (45,710) (45,540) [2]  
Treasury stock, at cost 417 417  
Accumulated Other Comprehensive (Loss) Income (307) (1,045)  
Total equity 54,215 53,645 [4],[8] $ 50,471 [1]
Total liabilities and equity $ 741,728 $ 675,780 [9]  
[1] (1) March 31, 2015 and 2014 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail.
[2] (1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail.
[3] (1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail.
[4] (1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail.
[5] (2) March 31, 2015 balances have been restated from previously reported results for the $701 thousand reclassification of negative escrow balances from Other Assets to Loans Receivable a
[6] (1) March 31, 2015 has been restated to correct the classification of loans held-for-sale and other real estate owned from Level 2 to Level 3 assets and for the reclassification of negative escrow balances from Other Assets to Loans Held-for-Sale.
[7] 1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail.
[8] (1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail.
[9] (1) March 31, 2015 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Notes 1 and 18 for further detail. See acc