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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2022
Mar. 31, 2022
Cash and cash equivalents:    
Cash and due from banks $ 43,127 $ 60,764
Money market investments 254 254
Total cash and cash equivalents 43,381 61,018
Investment securities:    
Available-for-sale 60,718 67,596
Held-to-maturity 5,100 5,254
Total investment securities 65,818 72,850
Loans receivable:    
Loans, gross 555,397 579,504
Allowance for loan and lease losses (5,604) (5,624)
Total loans receivable, net 549,793 573,880
Premises and equipment, net 3,565 3,775
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost 1,141 584
Accrued interest receivable 2,320 2,414
Right-of-use assets 13,029 13,637
Other assets 11,879 7,156
Total assets 690,926 735,314
Deposits:    
Non-interest bearing checking 105,913 107,472
Interest-bearing deposits:    
Interest-bearing checking 57,413 57,985
Savings 111,696 112,305
Money market 171,985 208,122
Certificates of deposit 139,282 139,255
Escrow 2,005 2,978
Total interest-bearing deposits 482,381 520,645
Total deposits 588,294 628,117
Advances from the FHLB-NY and other borrowed money 25,928 15,949
Operating lease liability 13,806 14,393
Other liabilities 12,262 21,768
Total liabilities 640,290 680,227
EQUITY    
Common stock 68 67
Additional paid-in capital 82,734 82,165
Accumulated deficit $ (44,360) $ (43,503)
Treasury Stock 2,503,803 2,503,803
Treasury stock $ (2,908) $ (2,908)
Accumulated other comprehensive loss (10,276) (6,662)
Total equity 50,636 55,087
Total liabilities and equity 690,926 735,314
Series D Preferred Stock    
EQUITY    
Preferred stock $ 13,201 $ 13,751
Convertible Preferred Stock, Shares Issued (in shares) 13,201 13,751
Convertible Preferred Stock, Shares Outstanding (in shares) 13,201 13,751
Series E Preferred Stock    
EQUITY    
Preferred stock $ 3,177 $ 3,177
Convertible Preferred Stock, Shares Issued (in shares) 3,177 3,177
Convertible Preferred Stock, Shares Outstanding (in shares) 3,177 3,177
Series F Preferred Stock    
EQUITY    
Preferred stock $ 9,000 $ 9,000
Convertible Preferred Stock, Shares Issued (in shares) 9,000 9,000
Convertible Preferred Stock, Shares Outstanding (in shares) 9,000 9,000
Real Estate    
Loans receivable:    
Loans, gross $ 395,537 $ 407,835
Business    
Loans receivable:    
Loans, gross 158,327 170,031
Allowance for loan and lease losses (2,321) (2,497)
Consumer    
Loans receivable:    
Loans, gross 1,533 1,638
Allowance for loan and lease losses $ (113) $ (123)