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Leases
9 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Leases

Note 12 -LEASES

The Association leases office space under operating leases that expire at various dates through October 2030.

Rent expense, which is included in occupancy expenses on the consolidated statements of income, was $57 and $57 for the nine months ended December 31, 2023 and 2022, respectively.

The following table shows the future undiscounted lease payments required under the leases described above as of December 31, 2023:

 

12 Months Ending December 31,

 

Operating Leases

 

2024

 

$

71

 

2025

 

 

54

 

2026

 

 

46

 

2027

 

 

37

 

2028

 

 

37

 

Thereafter

 

 

103

 

Total undiscounted lease payments

 

$

348

 

Less: Imputed interest

 

 

(29

)

Net lease liability

 

$

319