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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2017
Mar. 31, 2017
Cash and cash equivalents:    
Cash and due from banks $ 76,383 $ 58,428
Money market investments 258 258
Total cash and cash equivalents 76,641 58,686
Restricted cash 0 283
Investment securities:    
Available-for-sale 55,087 59,011
Held-to-maturity [1] 12,394 13,435
Total investment securities 67,481 72,446
Loans held-for-sale (HFS) 0 944
Loans receivable:    
Real estate mortgage loans 421,422 471,444
Commercial business loans 69,357 65,114
Consumer loans 5,929 8,994
Loans, gross 496,708 545,552
Allowance for loan losses (5,070) (5,060)
Total loans receivable, net 491,638 540,492
Premises and equipment, net 5,970 5,427
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 1,768 2,171
Accrued interest receivable 1,728 1,583
Other assets 10,734 5,829
Total assets 655,960 687,861
Deposits:    
Non-interest bearing checking 62,868 61,576
Interest-bearing deposits    
Interest-bearing checking 23,866 37,180
Interest-bearing checking 100,219 100,913
Money market 105,174 140,807
Certificates of deposit 267,119 236,342
Escrow 1,475 2,358
Total interest-bearing deposits 497,853 517,600
Total deposits 560,721 579,176
Advances from the FHLB-NY and other borrowed money 38,403 49,403
Other liabilities 11,411 11,884
Total liabilities 610,535 640,463
EQUITY    
Preferred stock 45,118 45,118
Common stock 61 61
Additional paid-in capital 55,477 55,474
Accumulated deficit (53,077) (50,898)
Treasury stock (417) (417)
Accumulated other comprehensive loss (1,737) (1,940)
Total equity 45,425 47,398
Total liabilities and equity $ 655,960 $ 687,861
[1] * The carrying amount and amortized cost are the same for all held-to-maturity securities, as no OTTI has been recorded.