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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 10,242 $ 7,404 $ 6,358
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,917 2,746 2,597
Purchased loans amortization (accretion), net (277) 441 697
Recapture of loan losses     (1,150)
Provision for deferred income taxes 3,668 3,103 3,175
Expense related to ESOP 148 143 110
Stock-based compensation expense 88    
Increase in deferred loan origination fees, net of amortization 498 543 585
Origination of loans held for sale (20,502) (21,032) (15,768)
Proceeds from sales of loans held for sale 21,204 21,477 16,398
Writedown of REO   30 369
Loss on impairment of investment security   240  
Net gains on loans held for sale, sales and transfer of REO, sales of investment securities and sales of premises and equipment (725) (731) (321)
Income from BOLI (819) (760) (770)
BOLI death benefit in excess of cash surrender value   (423)  
Changes in certain other assets and liabilities:      
Prepaid expenses and other assets (212) (369) (239)
Accrued interest receivable (536) (291) (245)
Accrued expenses and other liabilities (3,755) 5,538 (718)
Net cash provided by operating activities 11,939 18,059 11,078
CASH FLOWS FROM INVESTING ACTIVITIES:      
Loan repayments (originations), net 11,156 (37,103) (30,686)
Purchases of loans receivable (43,016) (5,746) (15,618)
Principal repayments on investment securities available for sale 28,569 29,782 21,860
Purchases of investment securities available for sale (47,494) (92,418) (60,679)
Proceeds from calls, maturities, and sales of investment securities available for sale 950 7,261  
Principal repayments on investment securities held to maturity 22 11 11
Purchases of premises and equipment and capitalized software (753) (598) (366)
Redemption of certificates of deposit held for investment, net 5,075 5,727 9,200
(Purchase) redemption of Federal Home Loan Bank stock, net (172) (121) 4,864
Cash acquired, net of cash consideration paid in business combination   15,116  
Proceeds from death benefit on BOLI   1,236  
Proceeds from sales of REO and premises and equipment 81 262 753
Net cash used in investing activities (45,582) (76,591) (70,661)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase in deposits 15,771 69,470 58,953
Purchase of subsidiary shares from noncontrolling interest     (1,502)
Dividends paid (2,140) (1,799) (1,261)
Proceeds from borrowings 55,980 23,200 4,100
Repayment of borrowings (55,980) (23,200) (4,100)
Net increase (decrease) in advance payments by borrowers (56) 84 114
Principal payments under capital lease obligation (23) (21) (42)
Proceeds from exercise of stock options 245 11 62
Net cash provided by financing activities 13,797 67,745 56,324
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (19,846) 9,213 (3,259)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 64,613 55,400 58,659
CASH AND CASH EQUIVALENTS, END OF YEAR 44,767 64,613 55,400
Cash paid during the year for:      
Interest 2,176 1,655 1,570
Income taxes 3,280 285 239
NONCASH INVESTING AND FINANCING ACTIVITIES:      
Dividends declared and accrued in other liabilities 677 450 452
Transfer of loans to REO     298
Adjustment to capital lease obligation and premises and equipment due to lease modification     241
Other comprehensive income (loss) (3,590) (4,295) 524
Income tax effect related to other comprehensive income (loss) $ 871 1,525 $ (203)
Business combinations (See Note 3)      
Fair value of assets acquired   (145,386)  
Fair value of liabilities assumed   $ 134,810