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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (1,235) $ 74 [1],[2],[3]
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (recovery of) loan losses 124 (364)
Stock based compensation expense 3 0
Depreciation and amortization expense 398 431
Gain on sale of real estate owned, net of market value adjustment (66) (10)
Gain on sale of securities, net 0 (58)
Gain on sale of loans, net 0 (4)
Gain on sale of building (34) (34)
Amortization and accretion of loan premiums and discounts and deferred charges 199 88
Amortization and accretion of premiums and discounts — securities 175 150
(Increase) decrease in accrued interest receivable (1) (607) 208
(Increase) decrease in other assets (1) (991) (419)
(Decrease) in other liabilities (1) (1,051) (2,276)
Net cash used in operating activities (3,085) (2,214)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of investments: Available-for-sale 0 (10,606)
Proceeds sales of investments: Available-for-sale 0 7,259
Proceeds from principal payments, maturities and calls of investments: Available-for-sale 2,888 15,730
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity 653 817
Originations of loans held-for-investment, net of repayments 27,696 36,159
Proceeds from sale of loans held-for-sale 0 4,645
Proceeds on sale of loans 0 5,401
Decrease (increase) in restricted cash 283 (29)
Redemption of FHLB-NY stock, net 403 937
Purchase of premises and equipment (636) (33)
Proceeds from sales of real estate owned 452 160
Net cash provided by investing activities 31,739 60,440
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposits (9,690) (23,142)
Net decrease in FHLB-NY advances and other borrowings (10,000) (25,000)
Net cash used in financing activities (19,690) (48,142)
Net decrease in cash and cash equivalents 8,964 10,084
Cash and cash equivalents at beginning of period 58,686 63,188 [4]
Cash and cash equivalents at end of period 67,650 73,272 [4]
Noncash financing and investing activities    
Securities purchased but not yet paid for 0 10,079
Transfer of held-for-sale loans to portfolio loans (944)  
Transfer of portfolio loans to held-for-sale loans   3,410
Transfers to real estate owned 0 462
Cash paid for:    
Interest 2,139 4,692
Income taxes $ 175 $ 57
[1] (1) September 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) September 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) September 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) September 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.