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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Interest income:        
Loans $ 7,336 $ 6,380 $ 21,203 $ 18,362
Mortgage-backed securities 145 150 439 465
Investment securities 289 273 835 639
Money market investments 704 395 1,801 830
Total interest income 8,474 7,198 24,278 20,296
Interest expense:        
Deposits 2,387 1,128 6,112 2,366
Advances and other borrowed money 606 327 1,784 870
Total interest expense 2,993 1,455 7,896 3,236
Net interest income 5,481 5,743 16,382 17,060
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal) (97)   77  
(Recovery of) provision for credit losses   305   89
Net interest income after (recovery of) provision for credit losses 5,578 5,438 16,305 16,971
Non-interest income:        
Depository fees and charges 543 561 1,678 1,669
Loan fees and service charges 101 72 357 329
Gain on sale of loans, net 0 107 0 107
Grant income 1,401 162 2,003 324
Other 490 90 715 371
Total non-interest income 2,535 992 4,753 2,800
Non-interest expense:        
Employee compensation and benefits 3,452 3,239 10,097 9,725
Net occupancy expense 1,147 1,135 3,428 3,394
Equipment, net 470 593 1,534 1,633
Data processing 757 639 2,265 1,903
Consulting fees 133 86 370 400
Federal deposit insurance premiums 132 102 415 292
Other 2,003 1,725 5,937 5,325
Total non-interest expense 8,094 7,519 24,046 22,672
Income (loss) before income taxes 19 (1,089) (2,988) (2,901)
Income tax expense 0 0 0 0
Net income (loss) $ 19 $ (1,089) $ (2,988) $ (2,901)
Earnings (loss) per common share:        
Earnings (loss) per Share, Basic (in dollars per share) $ 0 $ (0.25) $ (0.63) $ (0.68)
Earnings (loss) per Share, Diluted (in dollars per share) $ 0 $ (0.25) $ (0.63) $ (0.68)