LEASES (Tables)

6 Months Ended

Sep. 30, 2021

LEASES

Schedule of lease right-of-use assets and lease liabilities

The table below presents the ROU assets and lease liabilities recorded in the consolidated balance sheets at the dates indicated (in thousands):

	September 30,			March 31,			Classification in the
Leases	2021			2021			consolidated balance sheets
Finance lease ROU assets	$	1,393		$	1,432		Financing lease ROU assets
Finance lease liability	$	2,307		$	2,329		Finance lease liability
Finance lease remaining lease term		18.18	years		18.68	years
Finance lease discount rate		7.16	%		7.16	%
Operating lease ROU assets	$	8,129		$	8,782		Prepaid expenses and other assets
Operating lease liabilities	$	8,538		$	9,201		Accrued expenses and other liabilities
Operating lease weighted-average remaining lease term		7.49	years		7.87	years
Operating lease weighted-average discount rate		1.78	%		1.77	%

Schedule of lease costs for finance and operating leases

The table below presents certain information related to the lease costs for operating leases, which are recorded in occupancy and depreciation in the accompanying consolidated statements of income at the dates indicated (in thousands):

	Three months ended		Three months ended
Lease Costs	September 30, 2021		September 30, 2020
Finance lease amortization of right-of-use asset	$	19	$	19
Finance lease interest on lease liability		41		42
Operating lease costs		315		302
Variable lease costs		52		52
Total lease cost (1)	$	427	$	415

	Six months ended		Six months ended
Lease Costs	September 30, 2021		September 30, 2020
Finance lease amortization of right-of-use asset	$	38	$	38
Finance lease interest on lease liability		83		85
Operating lease costs		630		651
Variable lease costs		105		105
Total lease cost (1)	$	856	$	879

(1) Income related to sub-lease activity is not significant and not presented herein.

Schedule of reconciliation of the undiscounted cash flows related to the Company's lease liabilities

The following table reconciles the undiscounted cash flows for the periods presented related to the Company’s lease liabilities as of September 30, 2021 (in thousands):

Year Ended March 31:	Operating		Finance
	Leases		Lease
Remaining of 2022	$	718	$	107
2023		1,274		215
2024		1,290		219
2025		1,292		222
2026		1,040		226
Thereafter		3,527		3,174
Total minimum lease payments		9,141		4,163
Less: amount of lease payment representing interest		(603)		(1,856)
Lease liabilities	$	8,538	$	2,307