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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 5,354 $ (2,853)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Provision for loan losses 135 29
Stock based compensation expense 5 4
Depreciation and amortization expense 897 867
(Gain) loss on sale of real estate owned, net of market value adjustment (237) 0
Other Real Estate, Valuation Adjustments   134
Gain on sale of securities, net 0 (58)
Gain on sale of loans, net 0 (4)
Gain on sale of building (9,615) (69)
Market adjustment on held-for-sale loans 0 47
Amortization and accretion of loan premiums and discounts and deferred charges 616 57
Amortization and accretion of premiums and discounts - securities 343 342
(Increase) decrease in accrued interest receivable (440) 837
(Increase) decrease in other assets (1,173) 1,641
Decrease in other liabilities (870) (147)
Net cash (used in) provided by operating activities (4,985) 827
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of investments: Available-for-sale (7,790) (30,761)
Proceeds from sales of investments: Available-for-sale 0 7,259
Proceeds from principal payments, maturities and calls of investments: Available-for-sale 5,049 18,676
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity 1,304 1,801
Repayments and maturities, net of originations of loans held-for-investment (65,062) (54,235)
Loans purchased from third parties 0 (22,588)
Proceeds from sale of loans held-for-sale 0 4,798
Proceeds on sale of loans 2,436 7,255
Decrease (increase) in restricted cash 283 (58)
Redemption of FHLB-NY stock 403 712
Purchase of premises and equipment (1,602) (262)
Net proceeds from sale of building 18,133 0
Proceeds from sale of real estate owned 871 169
Net cash provided by investing activities 84,149 41,236
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase (decrease) in deposits 7,708 (27,565)
Net decrease in short-term FHLB-NY advances and other short-term borrowings (11,000) (19,000)
Net cash used in by financing activities (3,292) (46,565)
Net increase (decrease) in cash and cash equivalents 75,872 (4,502)
Cash and cash equivalents - Beginning Balance 58,686 63,188
Cash and cash equivalents - Ending Balance 134,558 58,686
Noncash financing and investing activities    
Transfer of loans held-for-sale to loans held-for-investment 944 0
Transfer of loans held-for-investment to loans held-for-sale 0 3,563
Deferred gain on sale-leaseback of building 5,417 0
Transfer to real estate owned from loans held-for-investment and loans held-for-sale 790 463
Cash paid for:    
Interest 4,584 6,860
Income taxes $ 225 $ 134