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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Interest income:        
Loans $ 6,380 $ 5,379 $ 18,362 $ 15,541
Mortgage-backed securities 150 150 465 552
Investment securities 273 109 639 543
Money market investments 395 27 830 76
Total interest income 7,198 5,665 20,296 16,712
Interest expense:        
Deposits 1,128 476 2,366 1,435
Advances and other borrowed money 327 117 870 389
Total interest expense 1,455 593 3,236 1,824
Net interest income 5,743 5,072 17,060 14,888
(Recovery of) provision for loan losses (281) 192 (497) 468
Net interest income after (recovery of) provision for loan losses 6,024 4,880 17,557 14,420
Non-interest income:        
Depository fees and charges 561 432 1,669 1,627
Loan fees and service charges 72 54 329 199
Loss on sale of loans, net (479) 0 (479) 0
Grant income 162 203 324 2,089
Other 90 1,142 371 2,721
Total non-interest income 406 1,831 2,214 6,636
Non-interest expense:        
Employee compensation and benefits 3,239 2,793 9,725 8,595
Net occupancy expense 1,135 1,080 3,394 3,318
Equipment, net 593 408 1,633 1,299
Data processing 639 160 1,903 1,472
Consulting fees 86 112 400 338
Federal deposit insurance premiums 102 92 292 266
Other 1,725 1,370 5,325 6,744
Total non-interest expense 7,519 6,015 22,672 22,032
(Loss) income before income taxes (1,089) 696 (2,901) (976)
Income tax expense 0 0 0 0
Net (loss) income $ (1,089) $ 696 $ (2,901) $ (976)
(Loss) income per common share:        
Earnings (loss) per Share, Basic (in dollars per share) $ (0.25) $ 0.13 $ (0.68) $ (0.28)
Earnings (loss) per Share, Diluted (in dollars per share) $ (0.25) $ 0.13 $ (0.68) $ (0.28)