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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2018
Mar. 31, 2017
Cash and cash equivalents:    
Cash and due from banks $ 134,299 $ 58,428
Money market investments 259 258
Total cash and cash equivalents 134,558 58,686
Restricted cash 0 283
Investment securities:    
Available-for-sale Securities 60,709 59,011
Held-to-maturity 12,075 13,435
Total investment securities 72,784 72,446
Loans held-for-sale (HFS) 0 944
Loans receivable:    
Real estate mortgage loans 370,261 471,444
Commercial business loans 102,203 65,114
Consumer loans 5,289 8,994
Loans, gross 477,753 545,552
Allowance for loan losses (5,126) (5,060)
Total loans receivable, net 472,627 540,492
Premises and equipment, net 2,970 5,427
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 1,768 2,171
Accrued interest receivable 2,023 1,583
Other assets 7,180 5,829
Total assets 693,910 687,861
Deposits:    
Non-interest bearing checking 62,905 61,576
Interest-bearing checking 23,570 37,180
Savings 102,550 100,913
Money market 101,990 140,807
Certificates of deposit 293,513 236,342
Escrow 2,355 2,358
Total interest-bearing deposits 523,978 517,600
Total deposits 586,883 579,176
Advances from the FHLB-NY and other borrowed money 38,403 49,403
Other liabilities 16,653 11,884
Total liabilities 641,939 640,463
EQUITY    
Preferred stock 45,118 45,118
Common stock 61 61
Additional paid-in capital 55,479 55,474
Accumulated deficit (45,544) (50,898)
Treasury Stock, at cost (417) (417)
Accumulated other comprehensive loss (2,726) (1,940)
Total equity 51,971 47,398
Total liabilities and equity $ 693,910 $ 687,861