LEASES (Tables)

12 Months Ended

Mar. 31, 2025

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 sheet at the dates indicated (dollars in thousands):


	March 31,			March 31,			Classification in the
Leases	2025			2024			consolidated balance sheets
Finance lease ROU assets	$	1,125		$	1,202		Financing lease ROU assets
Finance lease liability	$	2,099		$	2,168		Finance lease liability
Finance lease remaining lease term		14.68	years		15.68	years
Finance lease discount rate		7.16	%		7.16	%

Operating lease ROU assets	$	4,245		$	5,479		Prepaid expenses and other assets
Operating lease liabilities	$	4,465		$	5,780		Accrued expenses and other liabilities
Operating lease weighted-average remaining lease term		4.65	years		5.34	years
Operating lease weighted-average discount rate		1.67	%		1.74	%

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):


	Year ended		Year ended		Year ended
Lease Costs	March 31, 2025		March 31, 2024		March 31, 2023
Finance lease amortization of ROU asset	$	77	$	76	$	77
Finance lease interest on lease liability		153		158		162
Operating lease costs		1,133		1,133		1,133
Variable lease costs		105		209		209
Total lease cost ⁽¹⁾	$	1,468	$	1,576	$	1,581

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

Schedule of maturities of operating lease liabilities

The following table reconciles the undiscounted cash flows for the periods presented related to the Company’s lease liabilities as of March 31, 2025 (in thousands):


Fiscal Year Ending March 31:	Operating		Finance
	Leases		Lease
2026	$	1,125	$	226
2027		1,116		230
2028		899		232
2029		684		232
2030		693		232
Thereafter		254		2,248
Total minimum lease payments		4,771		3,400
Less: amount of lease payments representing interest		(306)		(1,301)
Lease liabilities	$	4,465	$	2,099

Schedule of maturities of finance lease liabilities

The following table reconciles the undiscounted cash flows for the periods presented related to the Company’s lease liabilities as of March 31, 2025 (in thousands):


Fiscal Year Ending March 31:	Operating		Finance
	Leases		Lease
2026	$	1,125	$	226
2027		1,116		230
2028		899		232
2029		684		232
2030		693		232
Thereafter		254		2,248
Total minimum lease payments		4,771		3,400
Less: amount of lease payments representing interest		(306)		(1,301)
Lease liabilities	$	4,465	$	2,099