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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2018
Mar. 31, 2018
Cash and cash equivalents:    
Cash and due from banks $ 39,564 $ 134,299
Money market investments 509 259
Total cash and cash equivalents 40,073 134,558
Investment securities:    
Available-for-sale 102,330 60,709
Held-to-maturity 11,340 12,075
Equity securities 416 0
Total investment securities 114,086 72,784
Loans receivable:    
Real estate mortgage loans 323,833 370,261
Commercial business loans 99,118 102,203
Consumer loans 4,456 5,289
Loans, gross 427,407 477,753
Allowance for loan losses (4,802) (5,126)
Total loans receivable, net 422,605 472,627
Premises and equipment, net 5,252 2,970
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 566 1,768
Accrued interest receivable 2,068 2,023
Other assets 5,775 7,180
Total assets 590,425 693,910
Deposits:    
Non-interest bearing checking 61,791 62,905
Interest-bearing deposits:    
Interest-bearing checking 27,723 23,570
Savings 99,267 102,550
Money market 93,853 101,990
Certificates of deposit 229,095 293,513
Escrow 1,288 2,355
Total interest-bearing deposits 451,226 523,978
Total deposits 513,017 586,883
Advances from the FHLB-NY and other borrowed money 13,403 38,403
Other liabilities 16,110 16,653
Total liabilities 542,530 641,939
EQUITY    
Preferred stock 45,118 45,118
Common stock 61 61
Additional paid-in capital 55,513 55,479
Accumulated deficit (50,661) (45,544)
Treasury stock (417) (417)
Accumulated other comprehensive loss (1,719) (2,726)
Total equity 47,895 51,971
Total liabilities and equity $ 590,425 $ 693,910