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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income:    
Loans $ 18,552 $ 18,959
Mortgage-backed securities 708 1,230
Investment securities 953 868
Money market investments 94 570
Total interest income 20,307 21,627
Interest expense:    
Deposits 3,770 4,640
Advances and other borrowed money 650 991
Total interest expense 4,420 5,631
Net interest income 15,887 15,996
(Recovery of) provision for loan losses (100) 19
Net interest income after (recovery of) provision for loan losses 15,987 15,977
Non-interest income:    
Depository fees and charges 2,637 3,147
Loan fees and service charges 357 342
Gain on sale of securities, net 1,193 0
Gain on sale of loans, net 0 66
Other 2,011 184
Total non-interest income 6,198 3,739
Non-interest expense:    
Employee compensation and benefits 11,180 11,372
Net occupancy expense 4,402 4,529
Equipment, net 1,719 1,502
Data processing 2,871 1,753
Consulting fees 160 244
Federal deposit insurance premiums 355 133
Other Noninterest Expense 5,394 5,606
Total non-interest expense 26,081 25,139
Loss before income tax expense (3,896) (5,423)
Income tax expense 0 0
Net loss $ (3,896) $ (5,423)
Loss per common share:    
Earnings (Loss) Per Share, Basic (in dollars per share) $ (1.14) $ (1.47)
Earnings (Loss) Per Share, Diluted (in dollars per share) $ (1.14) $ (1.47)