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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (5,936) $ 5,354
Adjustments to reconcile net loss to net cash provided by operating activities:    
(Recovery of) provision for loan losses (270) 135
Stock based compensation expense 35 5
Depreciation and amortization expense 793 897
Gain on sale of real estate owned, net of market value adjustment (209) (237)
Loss on securities sales and redemption of equity investment, net 43 0
Gain on sale of loans, net (29) 0
Gain on sale of building (616) (9,615)
Amortization and accretion of loan premiums and discounts and deferred charges 532 616
Amortization and accretion of premiums and discounts - securities 558 343
Decrease (increase) in accrued interest receivable 4 (440)
(Increase) decrease in other assets (1,995) (1,173)
Decrease in other liabilities (1,675) (870)
Net cash used in operating activities (8,765) (4,985)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of investments: Available-for-sale (58,129) (7,790)
Proceeds from sales of investments: Available-for-sale 20,487 0
Proceeds from principal payments, maturities and calls of investments: Available-for-sale 9,308 5,049
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity 898 1,304
Repayments and maturities, net of originations of loans held-for-investment (46,079) (65,062)
Proceeds from redemption of equity investment 9,179 0
Proceeds on sale of loans 1,766 2,436
Decrease in restricted cash 0 283
Redemption of FHLB-NY stock 842 403
Purchase of premises and equipment (2,880) (1,602)
Net proceeds from sale of building 0 18,133
Proceeds from sale of real estate owned 1,572 871
Net cash provided by investing activities 29,122 84,149
CASH FLOWS FROM FINANCING ACTIVITIES    
Net (decrease) increase in deposits (106,687) 7,708
Net decrease in FHLB-NY advances and other borrowings (17,000) (11,000)
Net cash used in by financing activities (123,687) (3,292)
Net increase (decrease) in cash and cash equivalents (103,330) 75,872
Cash and cash equivalents - Beginning Balance 134,558 58,686
Cash and cash equivalents - Ending Balance 31,228 134,558
Noncash financing and investing activities    
Transfer of loans held-for-sale to loans held-for-investment 0 944
Deferred gain on sale-leaseback of building 0 5,417
Transfer to real estate owned from loans held-for-investment 346 790
Cash paid for:    
Interest 5,296 4,584
Income taxes $ 123 $ 225