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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2020
Mar. 31, 2020
Cash and cash equivalents:    
Cash and due from banks $ 113,435 $ 47,280
Money market investments 260 260
Total cash and cash equivalents 113,695 47,540
Investment securities:    
Available-for-sale 63,512 65,829
Held-to-maturity 9,875 10,151
Total investment securities 73,387 75,980
Loans receivable:    
Loans, gross 458,571 428,732
Allowance for loan losses (4,836) (4,946)
Total loans receivable, net 453,735 423,786
Premises and equipment, net 5,199 5,377
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 552 568
Accrued interest receivable 2,387 2,052
Right-of-use assets 17,093 17,614
Other assets 4,624 5,853
Total assets 670,672 578,770
Deposits:    
Non-interest bearing checking 92,678 57,489
Interest-bearing deposits:    
Interest-bearing checking 27,303 24,016
Savings 105,724 97,812
Money market 115,086 112,634
Certificates of deposit 197,176 194,287
Escrow 1,620 2,577
Total interest-bearing deposits 446,909 431,326
Total deposits 539,587 488,815
Advances from the FHLB-NY and other borrowed money 41,862 13,573
Operating lease liability 17,663 18,153
Other liabilities 24,519 9,335
Total liabilities 623,631 529,876
EQUITY    
Preferred stock 44,521 45,118
Common stock 38 61
Additional paid-in capital 56,129 55,476
Accumulated deficit (53,097) (52,285)
Treasury stock (408) (408)
Accumulated other comprehensive (loss) income (142) 932
Total equity 47,041 48,894
Total liabilities and equity 670,672 578,770
Real Estate    
Loans receivable:    
Loans, gross 338,887 339,825
Business    
Loans receivable:    
Loans, gross 116,678 85,659
Allowance for loan losses (1,511) (1,567)
Consumer    
Loans receivable:    
Loans, gross 3,006 3,248
Allowance for loan losses $ (202) $ (212)