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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income:        
Loans $ 7,056 $ 6,005 $ 13,867 $ 11,982
Mortgage-backed securities 145 156 294 315
Investment securities 245 201 546 366
Money market investments 564 363 1,097 435
Total interest income 8,010 6,725 15,804 13,098
Interest expense:        
Deposits 2,011 827 3,725 1,238
Advances and other borrowed money 600 395 1,178 543
Total interest expense 2,611 1,222 4,903 1,781
Net interest income 5,399 5,503 10,901 11,317
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal) 168   174  
Provision for (recovery of) credit losses   (189)   (216)
Net interest income after provision for (recovery of) credit losses 5,231 5,692 10,727 11,533
Non-interest income:        
Depository fees and charges 558 553 1,135 1,108
Loan fees and service charges 192 138 256 257
Grant income 582 162 602 162
Other 131 246 225 281
Total non-interest income 1,463 1,099 2,218 1,808
Non-interest expense:        
Employee compensation and benefits 3,324 3,302 6,645 6,486
Net occupancy expense 1,176 1,175 2,281 2,259
Equipment, net 587 526 1,064 1,040
Data processing 757 648 1,508 1,264
Consulting fees 137 164 237 314
Federal deposit insurance premiums 155 89 283 190
Other 2,144 1,842 3,934 3,600
Total non-interest expense 8,280 7,746 15,952 15,153
Loss before income taxes (1,586) (955) (3,007) (1,812)
Income tax expense 0 0 0 0
Net loss $ (1,586) $ (955) $ (3,007) $ (1,812)
Loss per common share:        
Earnings (loss) per Share, Basic (in dollars per share) $ (0.33) $ (0.22) $ (0.65) $ (0.43)
Earnings (loss) per Share, Diluted (in dollars per share) $ (0.33) $ (0.22) $ (0.65) $ (0.43)