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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (641) $ 325 [1],[2]
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (recovery of) loan losses 120 (204)
Stock based compensation expense 3 0
Depreciation and amortization expense 203 215
Gain on sale of real estate owned, net of market value adjustment (67) 0
Gain on sale of loans, net 0 (66)
Gain on sale of building (17) (17)
Amortization and accretion of loan premiums and discounts and deferred charges 94 116
Amortization and accretion of premiums and discounts — securities 85 77
Increase in accrued interest receivable (1) (195) (601) [1]
Decrease (increase) in other assets (1) 165 (17) [1]
(Decrease) increase in other liabilities (1) (1,016) 858 [3]
Net cash used in (provided by) operating activities (1,266) 686 [4]
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of investments: Available-for-sale 0 (44)
Proceeds from principal payments, maturities and calls of investments: Available-for-sale 1,210 2,509
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity 326 313
Originations of loans held-for-investment, net of repayments 11,731 19,550
Proceeds on sale of loans 0 4,463
Decrease in restricted cash 283 0
Redemption of FHLB-NY stock 49 667
Purchase of premises and equipment (321) (10)
Proceeds from sale of real estate owned 270 0
Net cash provided by investing activities 13,548 27,448
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposits (20,515) (26,798)
Net decrease in FHLB-NY advances and other borrowings (5,000) (19,000)
Net cash used in financing activities (25,515) (45,798)
Net decrease in cash and cash equivalents (13,233) (17,664) [1]
Cash and cash equivalents at beginning of period 58,686 63,188 [3]
Cash and cash equivalents at end of period 45,453 45,524 [3]
Noncash financing and investing activities    
Transfers to held-for-sale loans 0 3,410
Cash paid for:    
Interest $ 1,094 $ 1,111
[1] (1) June 30, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Note 1 for further detail.
[2] (1) June 30, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Note 1 for further detail.
[3] (1) June 30, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Note 1 for further detail.
[4] (1) June 30, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Note 1 for further detail.