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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2016
Mar. 31, 2016
Cash and cash equivalents:    
Cash and due from banks $ 61,209 $ 63,156
Money market investments 255 504
Total cash and cash equivalents 61,464 63,660
Restricted cash 269 225
Investment securities:    
Available-for-sale 60,024 56,180
Held-to-maturity [1] 13,913 15,311
Total investment securities 73,937 71,491
Loans Receivable Held-for-sale, Amount 16,103 2,495
Loans receivable:    
Real estate mortgage loans 466,550 517,785
Commercial business loans 66,439 71,192
Consumer loans 302 42
Loans, net 533,291 589,019
Allowance for loan losses (4,620) (5,232)
Total loans receivable, net 528,671 583,787
Premises and equipment, net 5,468 5,983
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 2,576 2,883
Accrued interest receivable 3,125 3,647
Other assets 7,262 7,557
Total assets 698,875 741,728
Deposits:    
Savings 97,668 95,230
Non-Interest Bearing Checking 58,710 56,634
Interest-bearing checking 35,552 33,106
Money market 143,783 163,380
Certificates of deposits 240,957 255,854
Escrow 1,488 2,537
Total deposits 578,158 606,741
Advances from the FHLB-NY and other borrowed money 58,403 68,403
Other liabilities 10,893 12,369
Total liabilities 647,454 687,513
EQUITY    
Preferred stock 45,118 45,118
Common stock 61 61
Additional paid-in capital 55,470 55,470
Accumulated deficit (46,710) (45,710)
Treasury stock (417) (417)
Accumulated Other Comprehensive Income (Loss) (2,101) (307)
Total equity 51,421 54,215
Total liabilities and equity $ 698,875 $ 741,728
[1] * The carrying amount and amortized cost are the same for all held-to-maturity securities, as no OTTI has been recorded.