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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ (1,000) $ 859 [1],[2]
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (recovery of) loan losses (492) 1,405 [3]
Stock based compensation expense 0 2
Depreciation and amortization expense 646 848
Gain on sale of real estate owned, net 134 (164)
Gain on sale of securities, net (58) (1)
Gain on sale of loans, net (4) (499)
Gain on sale of building (52) (1,203)
Amortization and accretion of loan premium and discounts and deferred charges 156 143
Amortization and accretion of premiums and discounts — securities 259 247
Lower of cost or market adjustment on loans held-for-sale 26 (1)
Increase in accrued interest receivable 522 (896)
Increase in other assets 960 (4,784)
Increase in other liabilities (1,476) 3,244
Net cash provided by operating activities (379) (800)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments: Available-for-sale (30,761) 0
Purchases of securities: Held-to-maturity 0 (5,118)
Proceeds sales of investments: Available-for-sale 7,259 4,951
Proceeds from principal payments, maturities, calls and sales of securities: Available-for-sale 17,569 27,524
Proceeds from principal payments, maturities, calls and sales of securities: Held-to-maturity 1,340 1,367
Originations of loans held-for-investment, net of repayments 44,843 (32,210)
Loans purchased from third parties (13,896) (105,445)
Proceeds from sale of loans held-for-sale 4,645 730
Proceeds on sale of loans 5,401 17,620
Increase in restricted cash (44) 6,144
Redemption of FHLB-NY stock 307 (264)
Purchase of premises and equipment (66) (363)
Proceeds from sale of building 0 2,113
Proceeds from sale of real estate owned 169 3,983
Net cash provided by investing activities 36,766 (78,968)
CASH FLOW FROM FINANCING ACTIVITIES    
Net (decrease) increase in deposits (28,583) 69,852
Net decrease in FHLB-NY advances and other borrowings (10,000) 5,000
Net cash used in financing activities (38,583) 74,852
Net decrease in cash and cash equivalents (2,196) (4,916)
Cash and cash equivalents at beginning of period 63,660 50,992
Cash and cash equivalents at end of period 61,464 46,076
Supplemental Cash Flow Information [Abstract]    
Transfer of Portfolio Loans and Leases to Held-for-sale 18,518 730
Transfers to real estate owned 462 438
Cash paid for-    
Interest 4,692 2,609
Income taxes $ 57 $ 143
[1] (1) December 31, 2015 amounts have been restated from previously reported results to correct for a material and certain other errors from prior periods. Refer to Note 1 for further detail.
[2] (1) December 31, 2015 amounts have been restated from previously reported results to correct for a material and certain other errors from prior periods. Refer to Note 1 for further detail.
[3] (1) December 31, 2015 amounts have been restated from previously reported results to correct for a material and certain other errors from prior periods. Refer to Note 1 for further detail.