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Quarterly Results of Operations (Unaudited) (Tables)
12 Months Ended
Mar. 31, 2019
Quarterly Financial Data [Abstract]  
Schedule of quarterly results of operations

 

 

Fiscal Year ended March 31, 2019

(In thousands, except earnings per share amounts)

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Total revenue

 

$

18,759

 

 

$

19,404

 

 

$

16,740

 

 

$

16,397

 

Interest expense

 

 

2,540

 

 

 

2,386

 

 

 

2,303

 

 

 

2,275

 

Provision for credit losses

 

 

5,426

 

 

 

8,374

 

 

 

7,871

 

 

 

11,165

 

Non-interest expense

 

 

8,801

 

 

 

7,966

 

 

 

7,847

 

 

 

8,934

 

Operating income (loss) before income taxes

 

 

1,992

 

 

 

678

 

 

 

(1,281

)

 

 

(5,977

)

Income tax expense (benefit)

 

 

572

 

 

 

96

 

 

 

(376

)

 

 

(1,232

)

Net income (loss)

 

$

1,420

 

 

$

582

 

 

$

(905

)

 

$

(4,745

)

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.18

 

 

$

0.07

 

 

$

(0.12

)

 

$

(0.60

)

Diluted

 

$

0.18

 

 

$

0.07

 

 

$

(0.12

)

 

$

(0.60

)

 

 

 

Fiscal Year ended March 31, 2018

(In thousands, except earnings per share amounts)

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

Total revenue

 

$

22,198

 

 

$

21,338

 

 

$

20,526

 

 

$

19,855

 

Interest expense

 

 

2,455

 

 

 

2,443

 

 

 

2,585

 

 

 

2,654

 

Provision for credit losses

 

 

9,752

 

 

 

10,146

 

 

 

8,989

 

 

 

8,563

 

Non-interest expense

 

 

8,679

 

 

 

8,185

 

 

 

8,138

 

 

 

8,165

 

Operating income before income taxes

 

 

1,312

 

 

 

564

 

 

 

814

 

 

 

473

 

Income tax expense (benefit)

 

 

500

 

 

 

220

 

 

 

3,712

 

 

 

(171

)

Net income (loss)

 

$

812

 

 

$

344

 

 

$

(2,898

)

 

$

644

 

Earnings (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.10

 

 

$

0.04

 

 

$

(0.37

)

 

$

0.08

 

Diluted

 

$

0.10

 

 

$

0.04

 

 

$

(0.37

)

 

$

0.08