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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest income:        
Loans $ 4,670 $ 4,589 $ 9,055 $ 9,412
Mortgage-backed securities 89 296 317 609
Investment securities 281 230 439 512
Money market investments 32 173 49 340
Total interest income 5,072 5,288 9,860 10,873
Interest expense:        
Deposits 1,035 1,184 2,110 2,389
Advances and other borrowed money 163 260 330 468
Total interest expense 1,198 1,444 2,440 2,857
Net interest income 3,874 3,844 7,420 8,016
(Recovery of) provision for loan losses (1) 7 (103) 8
Net interest income after (recovery of) provision for loan losses 3,875 3,837 7,523 8,008
Non-interest income:        
Depository fees and charges 762 811 1,349 1,615
Loan fees and service charges 97 73 169 161
Gain on sale of securities 0 0 862 0
Gain on sale of loans, net 0 22 0 25
Other 1,114 104 1,276 151
Total non-interest income 1,973 1,010 3,656 1,952
Non-interest expense:        
Employee compensation and benefits 2,886 2,808 5,532 5,528
Net occupancy expense 1,119 1,147 2,230 2,264
Equipment, net 459 352 853 640
Data processing 653 421 1,113 826
Consulting fees 55 49 116 128
Federal deposit insurance premiums 86 (89) 158 (1)
Other 1,399 1,209 2,798 2,764
Total non-interest expense 6,657 5,897 12,800 12,149
Loss before income taxes (809) (1,050) (1,621) (2,189)
Income tax expense 0 0 0 0
Net loss $ (809) $ (1,050) $ (1,621) $ (2,189)
Loss per common share:        
Loss per Share, Basic (in dollars per share) $ (0.21) $ (0.28) $ (0.43) $ (0.59)
Loss per Share, Diluted (in dollars per share) $ (0.21) $ (0.28) $ (0.43) $ (0.59)