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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income:        
Loans $ 5,323 $ 4,670 $ 10,162 $ 9,055
Mortgage-backed securities 158 89 402 317
Investment securities 209 281 434 439
Money market investments 28 32 49 49
Total interest income 5,718 5,072 11,047 9,860
Interest expense:        
Deposits 434 1,035 959 2,110
Advances and other borrowed money 120 163 272 330
Total interest expense 554 1,198 1,231 2,440
Net interest income 5,164 3,874 9,816 7,420
Provision for (recovery of) loan losses 204 (1) 276 (103)
Net interest income after provision for (recovery of) loan losses 4,960 3,875 9,540 7,523
Non-interest income:        
Depository fees and charges 592 762 1,195 1,349
Loan fees and service charges 43 97 145 169
Gain on sale of securities 0 0 0 862
Grant income 1,886 500 1,886 500
Other 643 614 1,579 776
Total non-interest income 3,164 1,973 4,805 3,656
Non-interest expense:        
Employee compensation and benefits 2,994 2,886 5,802 5,532
Net occupancy expense 1,151 1,119 2,238 2,230
Equipment, net 417 459 891 853
Data processing 475 653 1,312 1,113
Consulting fees 206 55 226 116
Federal deposit insurance premiums 83 86 174 158
Other 1,714 1,399 5,374 2,798
Total non-interest expense 7,040 6,657 16,017 12,800
Income (loss) before income taxes 1,084 (809) (1,672) (1,621)
Income tax expense 0 0 0 0
Net income (loss) $ 1,084 $ (809) $ (1,672) $ (1,621)
Earnings (loss) per common share:        
Earnings (loss) per Share, Basic (in dollars per share) $ 0.20 $ (0.21) $ (0.49) $ (0.43)
Earnings (loss) per Share, Diluted (in dollars per share) $ 0.12 $ (0.21) $ (0.49) $ (0.43)