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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2022
Mar. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 95,291 $ 60,764
Money market investments 254 254
Total cash and cash equivalents 95,545 61,018
Investment securities:    
Available-for-sale 55,041 67,596
Held-to-maturity 2,511 5,254
Total investment securities 57,552 72,850
Loans receivable:    
Loans, gross 574,409 579,504
Allowance for loan and lease losses (5,509) (5,624)
Total loans receivable, net 568,900 573,880
Premises and equipment, net 3,484 3,775
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 2,491 584
Accrued interest receivable 1,844 2,414
Right-of-use assets 13,524 13,637
Other assets 12,383 7,156
Total assets 755,723 735,314
Deposits:    
Non-interest bearing checking 103,741 107,472
Interest-bearing deposits:    
Interest-bearing checking 56,641 57,985
Savings 109,754 112,305
Money market 208,950 208,122
Certificates of deposit 144,191 139,255
Escrow 3,093 2,978
Total interest-bearing deposits 522,629 520,645
Total deposits 626,370 628,117
Advances from the FHLB-NY and other borrowed money 56,018 15,949
Operating lease liability 14,346 14,393
Other liabilities 12,752 21,768
Total liabilities 709,486 680,227
EQUITY    
Common stock 68 67
Additional paid-in capital 82,734 82,165
Accumulated deficit $ (45,315) $ (43,503)
Treasury Stock 2,503,803 2,503,803
Treasury stock $ (2,908) $ (2,908)
Accumulated other comprehensive loss (13,720) (6,662)
Total equity 46,237 55,087
Total liabilities and equity 755,723 735,314
Series D Preferred Stock    
EQUITY    
Preferred stock $ 13,201 $ 13,751
Convertible Preferred Stock, Shares Issued (in shares) 13,201 13,751
Convertible Preferred Stock, Shares Outstanding (in shares) 13,201 13,751
Series E Preferred Stock    
EQUITY    
Preferred stock $ 3,177 $ 3,177
Convertible Preferred Stock, Shares Issued (in shares) 3,177 3,177
Convertible Preferred Stock, Shares Outstanding (in shares) 3,177 3,177
Series F Preferred Stock    
EQUITY    
Preferred stock $ 9,000 $ 9,000
Convertible Preferred Stock, Shares Issued (in shares) 9,000 9,000
Convertible Preferred Stock, Shares Outstanding (in shares) 9,000 9,000
Real Estate    
Loans receivable:    
Loans, gross $ 413,674 $ 407,835
Business    
Loans receivable:    
Loans, gross 159,312 170,031
Allowance for loan and lease losses (1,814) (2,497)
Consumer    
Loans receivable:    
Loans, gross 1,423 1,638
Allowance for loan and lease losses $ (82) $ (123)