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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,179) $ (819) [1],[2],[3]
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for (recovery of) loan losses 130 (492)
Stock based compensation expense 3 0
Depreciation and amortization expense 602 646
Gain on sale of real estate owned, net of market value adjustment (250) 0
Gain on sale of securities, net 0 (58)
Gain on sale of loans, net 0 (4)
Gain on sale of building (52) (52)
Amortization and accretion of loan premiums and discounts and deferred charges 171 176
Amortization and accretion of premiums and discounts — securities 255 259
Market adjustment on held-for-sale loans 0 (26)
(Increase) decrease in accrued interest receivable (1) (145) 343
(Increase) decrease in other assets (1) (4,739) 1,140
(Decrease) in other liabilities (1) (473) (1,632)
Net cash used in operating activities (6,677) (467)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of investments: Available-for-sale 0 (30,761)
Proceeds sales of investments: Available-for-sale 0 7,259
Proceeds from principal payments, maturities and calls of investments: Available-for-sale 3,916 17,569
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity 998 1,340
Originations of loans held-for-investment, net of repayments 46,768 44,944
Loans purchased from third parties 0 (13,896)
Proceeds from sale of loans held-for-sale 0 4,645
Proceeds on sale of loans 1,986 5,401
Decrease (increase) in restricted cash 283 (44)
Redemption of FHLB-NY stock, net 403 307
Purchase of premises and equipment (1,145) (132)
Proceeds from sales of real estate owned 878 169
Net cash provided by investing activities 54,087 36,801
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposits (18,455) (28,583)
Net decrease in FHLB-NY advances and other borrowings (11,000) (10,000)
Net cash used in financing activities (29,455) (38,583)
Net increase (decrease) in cash and cash equivalents 17,955 (2,249)
Cash and cash equivalents at beginning of period 58,686 63,188 [4]
Cash and cash equivalents at end of period 76,641 60,939 [4]
Noncash financing and investing activities    
Transfer of held-for-sale loans to portfolio loans (944)  
Transfer of portfolio loans to held-for-sale loans   18,518
Transfers to real estate owned 867 462
Cash paid for:    
Interest 3,305 5,818
Income taxes $ 225 $ 57
[1] (1) December 31, 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) December 31, 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) December 31, 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) December 31, 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.