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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2019
Mar. 31, 2019
Cash and cash equivalents:    
Cash and due from banks $ 32,336 $ 30,719
Money market investments 259 509
Total cash and cash equivalents 32,595 31,228
Investment securities:    
Available-for-sale 78,391 79,845
Held-to-maturity 10,892 11,137
Total investment securities 89,283 90,982
Loans receivable:    
Loans, gross 421,935 428,828
Allowance for loan losses (4,670) (4,646)
Total loans receivable, net 417,265 424,182
Premises and equipment, net 5,295 5,056
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 658 926
Accrued interest receivable 2,034 2,019
Right-of-use assets 19,372 0
Other assets 5,596 9,320
Total assets 572,098 563,713
Deposits:    
Non-interest bearing checking 57,514 60,201
Interest-bearing deposits:    
Interest-bearing checking 23,060 23,473
Savings 98,197 99,310
Money market 104,213 94,376
Certificates of deposit 189,945 200,607
Escrow 1,408 2,229
Total interest-bearing deposits 416,823 419,995
Total deposits 474,337 480,196
Advances from the FHLB-NY and other borrowed money 15,403 21,403
Operating lease liability 19,799 0
Other liabilities 10,343 14,978
Total liabilities 519,882 516,577
EQUITY    
Preferred stock 45,118 45,118
Common stock 61 61
Additional paid-in capital 55,515 55,514
Accumulated deficit (48,001) (52,201)
Treasury stock (417) (417)
Accumulated other comprehensive loss (60) (939)
Total equity 52,216 47,136
Total liabilities and equity 572,098 563,713
Real Estate    
Loans receivable:    
Loans, gross 325,492 328,104
Business    
Loans receivable:    
Loans, gross 92,615 96,661
Allowance for loan losses (1,400) (1,330)
Consumer    
Loans receivable:    
Loans, gross 3,828 4,063
Allowance for loan losses $ (240) $ (154)