XML 23 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income:    
Loans $ 25,073 $ 21,335
Mortgage-backed securities 619 710
Investment securities 929 714
Money market investments 1,079 106
Total interest income 27,700 22,865
Interest expense:    
Deposits 3,708 1,890
Advances and other borrowed money 1,203 509
Total interest expense 4,911 2,399
Net interest income 22,789 20,466
Provision for loan losses 100 603
Net interest income after provision for loan losses 22,689 19,863
Non-interest income:    
Depository fees and charges 2,197 2,141
Loan fees and service charges 480 243
Gain on sale of loans, net 107 0
Grant income 439 2,089
Other 372 2,881
Total non-interest income 3,595 7,354
Non-interest expense:    
Employee compensation and benefits 13,186 11,516
Net occupancy expense 4,604 4,460
Equipment, net 2,240 1,806
Data processing 2,562 2,205
Consulting fees 505 505
Federal deposit insurance premiums 389 363
Other Noninterest Expense 7,199 7,209
Total non-interest expense 30,685 28,064
Loss before income tax expense (4,401) (847)
Income tax expense 0 0
Net loss $ (4,401) $ (847)
Loss per common share:    
Earnings (Loss) Per Share, Basic (in dollars per share) $ (1.03) $ (0.24)
Earnings (Loss) Per Share, Diluted (in dollars per share) $ (1.03) $ (0.24)