XML 19 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income:    
Loans $ 21,335 $ 18,552
Mortgage-backed securities 710 708
Investment securities 714 953
Money market investments 106 94
Total interest income 22,865 20,307
Interest expense:    
Deposits 1,890 3,770
Advances and other borrowed money 509 650
Total interest expense 2,399 4,420
Net interest income 20,466 15,887
Provision for (recovery of) loan losses 603 (100)
Net interest income after provision for (recovery of) for loan losses 19,863 15,987
Non-interest income:    
Depository fees and charges 2,141 2,637
Loan fees and service charges 243 357
Gain on sale of securities, net 0 1,193
Grant income 2,089 500
Other 2,881 1,511
Total non-interest income 7,354 6,198
Non-interest expense:    
Employee compensation and benefits 11,516 11,180
Net occupancy expense 4,460 4,402
Equipment, net 1,806 1,719
Data processing 2,205 2,871
Consulting fees 505 160
Federal deposit insurance premiums 363 355
Other Noninterest Expense 7,209 5,394
Total non-interest expense 28,064 26,081
Loss before income tax expense (847) (3,896)
Income tax expense 0 0
Net loss $ (847) $ (3,896)
Loss per common share:    
Earnings (Loss) Per Share, Basic (in dollars per share) $ (0.24) $ (1.14)
Earnings (Loss) Per Share, Diluted (in dollars per share) $ (0.24) $ (1.14)