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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2016
Mar. 31, 2016
Cash and cash equivalents:    
Cash and due from banks $ 45,771 $ 63,156
Money market investments 255 504
Total cash and cash equivalents 46,026 63,660
Restricted cash 225 225
Investment securities:    
Available-for-sale 54,012 56,180
Held-to-maturity [1] 14,983 15,311
Total investment securities 68,995 71,491
Loans Receivable Held-for-sale, Amount 5,829 2,495
Loans receivable:    
Real estate mortgage loans 491,889 517,785
Commercial business loans 69,664 71,192
Consumer loans 125 42
Loans, net 561,678 589,019
Allowance for loan losses (5,183) (5,232)
Total loans receivable, net 556,495 583,787
Premises and equipment, net 5,774 5,983
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 2,216 2,883
Accrued interest receivable 4,310 3,647
Other assets 7,686 7,557
Total assets 697,556 741,728
Deposits:    
Savings 95,630 95,230
Non-Interest Bearing Checking 54,698 56,634
Interest-bearing checking 33,887 33,106
Money market 143,959 163,380
Certificates of deposits 250,012 255,854
Mortgagors deposit 1,757 2,537
Total deposits 579,943 606,741
Advances from the FHLB-NY and other borrowed money 49,403 68,403
Other liabilities 13,228 12,369
Total liabilities 642,574 687,513
EQUITY    
Preferred stock 45,118 45,118
Common stock 61 61
Additional paid-in capital 55,470 55,470
Accumulated deficit (45,302) (45,710)
Treasury stock (417) (417)
Accumulated Other Comprehensive Income (Loss) 52 (307)
Total equity 54,982 54,215
Total liabilities and equity $ 697,556 $ 741,728
[1] * The carrying amount and amortized cost are the same for all held-to-maturity securities, as no OTTI has been recorded.