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Consolidated Statements of Financial Position (USD $)
In Thousands
Sep. 30, 2011
Mar. 31, 2011
Cash and cash equivalents:  
Cash and due from banks$ 69,425$ 36,725
Money market investments5927,352
Total cash and cash equivalents70,01744,077
Restricted cash6,2750
Investment securities:  
Available-for-sale, at fair value57,57553,551
Held-to-maturity, at amortized cost (fair value of $12,552 and $18,124 at September 30, 2011 and March 31, 2011, respectively)11,90117,697
Total investments69,47671,248
Loans held-for-sale (“HFS”)39,3699,205
Loans receivable:  
Real estate mortgage loans435,603525,894
Commercial business loans52,06953,060
Consumer loans1,2801,349
Loans, net488,952580,303
Allowance for loan losses(21,429)(23,147)
Total loans receivable, net467,523557,156
Premises and equipment, net10,43311,040
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost2,8443,353
Accrued interest receivable2,4832,854
Other assets9,55210,282
Total assets677,972709,215
Deposits:  
Savings104,086106,906
Non-Interest Bearing Checking95,986123,706
NOW25,31927,297
Money Market83,06074,329
Certificates of Deposit191,371228,460
Total deposits499,822560,698
Advances from the FHLB-NY and other borrowed money102,513112,641
Other liabilities11,9048,159
Total liabilities614,239681,498
Mezzanine Equity:  
55,000 Series C mandatorily convertible preferred stock,(par value $0.01, per share) with a liquidation preference of $1,000, issued and outstanding51,4320
Stockholders’ equity:  
Preferred stock (par value $0.01 per share, 2,000,000 shares authorized; 18,980 Series B shares, with a liquidation preference of $1,000.00 per share, issued and outstanding.18,98018,980
Common stock (par value $0.01 per share: 10,000,000 shares authorized; 168,312 shares issued; 166,013 and 165,618 shares outstanding at September 30, 2011 and March 31, 2011, respectively)2525
Additional paid-in capital28,40627,026
Accumulated Deficit(37,235)(21,464)
Non-controlling interest2,8374,038
Treasury stock, at cost (2,298 at September 30, 2011 and 2,695 shares at March 31, 2011, respectively)(488)(569)
Accumulated other comprehensive income(224)(319)
Total stockholders’ equity12,30127,717
Total equity63,73327,717
Total liabilities, mezzanine equity and stockholders’ equity$ 677,972$ 709,215