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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Interest income:    
Loans $ 6,811 $ 5,977
Mortgage-backed securities 149 159
Investment securities 301 165
Money market investments 533 72
Total interest income 7,794 6,373
Interest expense:    
Deposits 1,714 411
Advances and other borrowed money 578 148
Total interest expense 2,292 559
Net interest income 5,502 5,814
Provision for (recovery of) credit losses 6 (27)
Net interest income after provision for (recovery of) credit losses 5,496 5,841
Non-interest income:    
Depository fees and charges 577 555
Loan fees and service charges 64 119
Grant income 20 0
Other 94 35
Total non-interest income 755 709
Non-interest expense:    
Employee compensation and benefits 3,321 3,184
Net occupancy expense 1,105 1,084
Equipment, net 477 514
Data processing 751 616
Consulting fees 100 150
Federal deposit insurance premiums 128 101
Other 1,790 1,758
Total non-interest expense 7,672 7,407
Loss before income taxes (1,421) (857)
Income tax expense 0 0
Net loss $ (1,421) $ (857)
Loss per common share:    
Earnings (loss) per Share, Basic (in dollars per share) $ (0.32) $ (0.20)
Earnings (loss) per Share, Diluted (in dollars per share) $ (0.32) $ (0.20)