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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Interest income:        
Loans $ 4,906 $ 4,640 $ 14,318 $ 14,757
Mortgage-backed securities 276 386 885 897
Investment securities 190 326 702 915
Money market investments 120 214 460 1,037
Total interest income 5,492 5,566 16,365 17,606
Interest expense:        
Deposits 1,155 1,263 3,544 4,013
Advances and other borrowed money 308 207 776 683
Total interest expense 1,463 1,470 4,320 4,696
Net interest income 4,029 4,096 12,045 12,910
Provision for (recovery of) loan losses 8 (332) 16 (278)
Net interest income after provision for (recovery of) loan losses 4,021 4,428 12,029 13,188
Non-interest income:        
Depository fees and charges 846 862 2,461 2,549
Loan fees and service charges 82 114 243 256
Gain (loss) on sale of loans, net 0 0 25 (23)
Gain on sale of building, net 0 154 0 462
Other 37 197 394 466
Total non-interest income 965 1,327 3,123 3,710
Non-interest expense:        
Employee compensation and benefits 2,799 3,003 8,327 9,283
Net occupancy expense 1,097 902 3,361 3,188
Equipment, net 392 323 1,032 882
Data processing 445 457 1,271 1,294
Consulting fees 19 102 147 211
Federal deposit insurance premiums 57 170 56 666
Wire fraud loss 0 453 0 453
Other 1,613 1,660 4,583 5,217
Total non-interest expense 6,422 7,070 18,777 21,194
Loss before income taxes (1,436) (1,315) (3,625) (4,296)
Income tax expense 0 34 0 100
Net loss $ (1,436) $ (1,349) $ (3,625) $ (4,396)
Net loss per common share:        
Loss per Share, Basic (in dollars per share) $ (0.39) $ (0.36) $ (0.98) $ (1.19)
Loss per Share, Diluted (in dollars per share) $ (0.39) $ (0.36) $ (0.98) $ (1.19)