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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES          
Net (loss) income $ (1,089) $ 696 $ (2,901) $ (976)  
Adjustments to reconcile net income to net cash provided by operating activities:          
(Recovery of) provision for loan losses (281) 192 (497) 468  
Stock based compensation expense     20 122  
Depreciation and amortization expense     783 770  
Loss on sale of loans, net     479 0  
Amortization and accretion of loan premiums and discounts and deferred charges, net     (78) (209)  
Amortization and accretion of premiums and discounts — securities     328 474  
Increase in accrued interest receivable     (99) (48)  
Decrease (increase) in other assets     2,360 (1,995)  
Decrease in other liabilities     (9,242) (3,045)  
Net cash used in operating activities     (8,847) (4,439)  
CASH FLOWS FROM INVESTING ACTIVITIES          
Proceeds from principal payments, maturities and calls of investments: Available-for-sale     6,756 12,013  
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity     2,841 2,375  
Payment to Acquire Life Insurance Policy, Investing Activities     (5,000) 0  
Payments for (Proceeds from) Other Loans and Leases     1,963 30,962  
Loans purchased from third parties     (11,199) (44,410)  
Proceeds from participation loans sold     5,129 6,080  
Purchase of FHLB-NY stock, net     (782) (32)  
Purchase of premises and equipment     (168) (181)  
Net cash used in investing activities     (4,386) (55,117)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Net (decrease) increase in deposits     (18,870) 65,547  
Proceeds from (Repayments of) Other Borrowings     14,997 (23,311)  
Proceeds from (Repayments of) Other Long-Term Debt     0 2,500  
Issuance of common stock     0 958 $ 3,000
Proceeds from Issuance of Preferred Stock and Preference Stock     0 4,000  
Net cash (used in) provided by financing activities     (3,873) 49,694  
Net decrease in cash and cash equivalents     (17,106) (9,862)  
Cash and cash equivalents at beginning of period     61,018 75,591 75,591
Cash and cash equivalents at end of period $ 43,912 $ 65,729 43,912 65,729 $ 61,018
Noncash financing and investing activities          
Recognition of right-of-use asset     1,103 680  
Recognition of finance lease asset     58    
Recognition of finance lease liability     58    
Conversion of Stock, Amount Converted     550 2,750  
Cash paid for:          
Interest     3,175 4,993  
Income taxes     $ 162 $ 211