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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (3,047) $ (1,235)
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 54 124
Stock based compensation expense 32 3
Depreciation and amortization expense 367 398
Gain on sale of real estate owned, net of market value adjustment (93) (66)
Gain on sale of loans, net 23 0
Gain on sale of building (308) (34)
Amortization and accretion of loan premiums and discounts and deferred charges 163 199
Amortization and accretion of premiums and discounts — securities 229 175
Decrease (increase) in accrued interest receivable 27 (607)
Decrease in other assets (408) (991)
Increase (decrease) in other liabilities 346 (1,051)
Net cash used in operating activities (2,615) (3,085)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of investments: Available-for-sale (47,629) 0
Proceeds from principal payments, maturities and calls of investments: Available-for-sale 5,328 2,888
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity 508 653
Originations of loans held-for-investment, net of repayments 45,806 27,696
Proceeds on sale of loans 232 0
Decrease in restricted cash 0 283
Redemption of FHLB-NY stock, net 1,202 403
Purchase of premises and equipment (2,460) (636)
Proceeds from sales of real estate owned 1,105 452
Net cash provided by investing activities 4,092 31,739
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposits (50,506) (9,690)
Repayment of FHLB-NY advances and other borrowings (25,000) (10,000)
Net cash used in financing activities (75,506) (19,690)
Net (decrease) increase in cash and cash equivalents (74,029) 8,964
Cash and cash equivalents at beginning of period 134,558 58,686
Cash and cash equivalents at end of period 60,529 67,650
Noncash financing and investing activities    
Transfer of Loans Held-for-sale to Portfolio Loans 0 (944)
Transfers to real estate owned 142 0
Cash paid for:    
Interest 2,500 2,139
Income taxes $ 31 $ 175