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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Interest income:        
Loans $ 5,379 $ 4,749 $ 15,541 $ 13,804
Mortgage-backed securities 150 192 552 509
Investment securities 109 277 543 716
Money market investments 27 21 76 70
Total interest income 5,665 5,239 16,712 15,099
Interest expense:        
Deposits 476 938 1,435 3,048
Advances and other borrowed money 117 162 389 492
Total interest expense 593 1,100 1,824 3,540
Net interest income 5,072 4,139 14,888 11,559
Provision for (recovery of) loan losses 192 4 468 (99)
Net interest income after provision for (recovery of) loan losses 4,880 4,135 14,420 11,658
Non-interest income:        
Depository fees and charges 432 692 1,627 2,041
Loan fees and service charges 54 65 199 234
Gain on sale of securities 0 0 0 862
Grant income 203 0 2,089 500
Other 1,142 142 2,721 918
Total non-interest income 1,831 899 6,636 4,555
Non-interest expense:        
Employee compensation and benefits 2,793 2,837 8,595 8,369
Net occupancy expense 1,080 1,066 3,318 3,296
Equipment, net 408 386 1,299 1,239
Data processing 160 451 1,472 1,564
Consulting fees 112 38 338 154
Federal deposit insurance premiums 92 107 266 265
Other 1,370 1,459 6,744 4,257
Total non-interest expense 6,015 6,344 22,032 19,144
Income (loss) before income taxes 696 (1,310) (976) (2,931)
Income tax expense 0 0 0 0
Net income (loss) $ 696 $ (1,310) $ (976) $ (2,931)
Earnings (loss) per common share:        
Earnings (loss) per Share, Basic (in dollars per share) $ 0.13 $ (0.44) $ (0.28) $ (0.84)
Earnings (loss) per Share, Diluted (in dollars per share) $ 0.13 $ (0.44) $ (0.28) $ (0.84)