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Consolidated Statements of Financial Position (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Mar. 31, 2011
Cash and cash equivalents:    
Cash and due from banks $ 89,872 $ 36,725
Money market investments 1,825 7,352
Total cash and cash equivalents 91,697 44,077
Restricted Cash 6,415 0
Investment securities:    
Available-for-sale, at fair value 85,106 53,551
Held-to-maturity, at amortized cost (fair value of $11,774 and $18,124 at March 31, 2012 and March 31, 2011, respectively) 11,081 17,697
Total investments 96,187 71,248
Loans held-for-sale (“HFS”) 29,626 9,205
Loans receivable:    
Real estate mortgage loans 367,611 525,894
Commercial business loans 43,989 53,060
Consumer loans 1,258 1,349
Loans, net 412,858 580,303
Allowance for loan losses (19,821) (23,147)
Total loans receivable, net 393,037 557,156
Premises and equipment, net 9,573 11,040
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 2,168 3,353
Accrued interest receivable 2,256 2,854
Other assets 10,271 10,282
Total assets 641,230 709,215
Deposits:    
Savings 101,079 106,906
Non-Interest Bearing Checking 67,202 123,706
NOW 28,325 27,297
Money Market 109,404 74,329
Certificates of Deposit 226,587 228,460
Total deposits 532,597 560,698
Advances from the FHLB-NY and other borrowed money 43,429 112,641
Other liabilities 8,585 8,159
Total liabilities 584,611 681,498
Stockholders’ equity:    
Preferred stock, (par value $0.01, per share), 45,118 Series D shares, with a liquidation preference of $1,000 per share, issued and outstanding 45,118 0
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. 0 18,980
Common stock (par value $0.01 per share: 10,000,000 shares authorized; 3,697,264 and 168,312 shares issued; 3,697,174 and 165,618 shares outstanding at March 31, 2012 and March 31, 2011, respectively) 61 25
Additional paid-in capital 54,068 27,026
Accumulated Deficit (45,091) (21,464)
Non-controlling interest 2,751 4,038
Treasury stock, at cost (2,090 at March 31, 2012 and 2,695 shares at March 31, 2011, respectively) (447) (569)
Accumulated other comprehensive income 159 (319)
Total stockholders’ equity 56,619 27,717
Total liabilities and stockholders’ equity $ 641,230 $ 709,215