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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2018
Mar. 31, 2018
Cash and cash equivalents:    
Cash and due from banks $ 60,020 $ 134,299
Money market investments 509 259
Total cash and cash equivalents 60,529 134,558
Investment securities:    
Available-for-sale 92,195 60,709
Held-to-maturity 11,545 12,075
Equity securities 9,642 0
Total investment securities 113,382 72,784
Loans receivable:    
Real estate mortgage loans 328,003 370,261
Commercial business loans 98,732 102,203
Consumer loans 4,634 5,289
Loans, gross 431,369 477,753
Allowance for loan losses (4,792) (5,126)
Total loans receivable, net 426,577 472,627
Premises and equipment, net 5,063 2,970
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 566 1,768
Accrued interest receivable 1,996 2,023
Other assets 6,934 7,180
Total assets 615,047 693,910
Deposits:    
Non-interest bearing checking 58,104 62,905
Interest-bearing deposits:    
Interest-bearing checking 24,632 23,570
Savings 100,032 102,550
Money market 98,432 101,990
Certificates of deposit 253,097 293,513
Escrow 2,080 2,355
Total interest-bearing deposits 478,273 523,978
Total deposits 536,377 586,883
Advances from the FHLB-NY and other borrowed money 13,403 38,403
Other liabilities 16,997 16,653
Total liabilities 566,777 641,939
EQUITY    
Preferred stock 45,118 45,118
Common stock 61 61
Additional paid-in capital 55,511 55,479
Accumulated deficit (49,312) (45,544)
Treasury stock (417) (417)
Accumulated other comprehensive loss (2,691) (2,726)
Total equity 48,270 51,971
Total liabilities and equity $ 615,047 $ 693,910