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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Loans $ 6,005 $ 5,323 $ 11,982 $ 10,162
Mortgage-backed securities 156 158 315 402
Investment securities 201 209 366 434
Money market investments 363 28 435 49
Total interest income 6,725 5,718 13,098 11,047
Interest expense:        
Deposits 827 434 1,238 959
Advances and other borrowed money 395 120 543 272
Total interest expense 1,222 554 1,781 1,231
Net interest income 5,503 5,164 11,317 9,816
(Recovery of) provision for loan losses (189) 204 (216) 276
Net interest income after (recovery of) provision for loan losses 5,692 4,960 11,533 9,540
Non-interest income:        
Depository fees and charges 553 592 1,108 1,195
Loan fees and service charges 138 43 257 145
Grant income 162 1,886 162 1,886
Other 246 643 281 1,579
Total non-interest income 1,099 3,164 1,808 4,805
Non-interest expense:        
Employee compensation and benefits 3,302 2,994 6,486 5,802
Net occupancy expense 1,175 1,151 2,259 2,238
Equipment, net 526 417 1,040 891
Data processing 648 475 1,264 1,312
Consulting fees 164 206 314 226
Federal deposit insurance premiums 89 83 190 174
Other 1,842 1,714 3,600 5,374
Total non-interest expense 7,746 7,040 15,153 16,017
(Loss) income before income taxes (955) 1,084 (1,812) (1,672)
Income tax expense 0 0 0 0
Net (loss) income $ (955) $ 1,084 $ (1,812) $ (1,672)
(Loss) income per common share:        
Earnings (loss) per Share, Basic (in dollars per share) $ (0.22) $ 0.20 $ (0.43) $ (0.49)
Earnings (loss) per Share, Diluted (in dollars per share) $ (0.22) $ 0.19 $ (0.43) $ (0.49)