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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2018
Mar. 31, 2018
Cash and cash equivalents:    
Cash and due from banks $ 91,575 $ 134,299
Money market investments 509 259
Total cash and cash equivalents 92,084 134,558
Investment securities:    
Available-for-sale 65,828 60,709
Held-to-maturity 11,844 12,075
Equity securities 9,710 0
Total investment securities 87,382 72,784
Loans receivable:    
Real estate mortgage loans 346,960 370,261
Commercial business loans 99,974 102,203
Consumer loans 4,962 5,289
Loans, gross 451,896 477,753
Allowance for loan losses (5,187) (5,126)
Total loans receivable, net 446,709 472,627
Premises and equipment, net 3,532 2,970
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 566 1,768
Accrued interest receivable 1,912 2,023
Other assets 5,813 7,180
Total assets 637,998 693,910
Deposits:    
Non-interest bearing checking 59,116 62,905
Interest-bearing deposits:    
Interest-bearing checking 25,337 23,570
Savings 102,784 102,550
Money market 100,408 101,990
Certificates of deposit 267,817 293,513
Escrow 1,521 2,355
Total interest-bearing deposits 497,867 523,978
Total deposits 556,983 586,883
Advances from the FHLB-NY and other borrowed money 13,403 38,403
Other liabilities 17,008 16,653
Total liabilities 587,394 641,939
EQUITY    
Preferred stock 45,118 45,118
Common stock 61 61
Additional paid-in capital 55,480 55,479
Accumulated deficit (47,295) (45,544)
Treasury stock (417) (417)
Accumulated other comprehensive loss (2,343) (2,726)
Total equity 50,604 51,971
Total liabilities and equity $ 637,998 $ 693,910