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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
INTEREST AND DIVIDEND INCOME:      
Interest and fees on loans receivable $ 44,744 $ 44,079 $ 45,498
Interest on investment securities - taxable 8,784 5,001 2,422
Interest on investment securities - nontaxable 262 237 129
Other interest and dividends 1,876 508 295
Total interest and dividend income 55,666 49,825 48,344
INTEREST EXPENSE:      
Interest on deposits 1,502 1,424 2,544
Interest on borrowings 2,558 776 883
Total interest expense 4,060 2,200 3,427
Net interest income 51,606 47,625 44,917
Provision for (recapture of) loan losses 750 (4,625) 6,300
Net interest income after provision for (recapture of) loan losses 50,856 52,250 38,617
NON-INTEREST INCOME:      
BOLI 821 800 813
Other, net 277 228 249
Total non-interest income, net 12,194 12,744 11,090
NON-INTEREST EXPENSE:      
Salaries and employee benefits 23,982 23,635 22,570
Occupancy and depreciation 6,171 5,624 5,780
Data processing 2,722 2,940 2,662
Amortization of CDI 116 124 140
Advertising and marketing 923 614 466
FDIC insurance premium 534 439 319
State and local taxes 896 812 794
Telecommunications 204 197 295
Professional fees 1,201 1,235 1,231
(Gain) loss on sale of premises and equipment, net   (993) 14
Other 2,622 2,091 1,983
Total non-interest expense 39,371 36,718 36,254
INCOME BEFORE INCOME TAXES 23,679 28,276 13,453
PROVISION FOR INCOME TAXES 5,610 6,456 2,981
NET INCOME $ 18,069 $ 21,820 $ 10,472
Earnings per common share:      
Basic $ 0.84 $ 0.98 $ 0.47
Diluted $ 0.83 $ 0.98 $ 0.47
Weighted average number of common shares outstanding:      
Basic 21,637,526 22,213,029 22,296,195
Diluted 21,646,101 22,224,947 22,312,831
Fees and service charges      
NON-INTEREST INCOME:      
Non-interest income $ 6,362 $ 7,109 $ 6,382
Asset management fees.      
NON-INTEREST INCOME:      
Non-interest income $ 4,734 4,107 $ 3,646
BOLI Death Benefit In Excess Of Cash Surrender Value      
NON-INTEREST INCOME:      
BOLI death benefit in excess of cash surrender value   $ 500