v3.25.2
Leases
12 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Lessee, Operating Leases LEASES
As of March 31, 2025, operating right-of-use ("ROU") lease assets and related lease liabilities totaled $8.2 million and $8.9 million, respectively. As of March 31, 2024, operating ROU lease assets and related lease liabilities totaled $9.8 million and $10.6 million, respectively.

    As of March 31, 2025, the Company had $24 thousand and $26 thousand of ROU asset and lease liability, respectively, for finance leases related to equipment. The ROU asset is included in Premises and Equipment, net, and the lease liability is included in Advances from the FHLB-NY and Other Borrowed Money on the statements of financial condition.

    The following tables present information about the Company's leases and the related lease costs as of and for the year ended March 31, 2025:
March 31, 2025March 31, 2024
Weighted-average remaining lease term
Operating leases3.5 years4.3 years
Finance lease1.3 years2.6 years
Weighted-average discount rate
Operating leases3.34 %3.05 %
Finance lease5.00 %4.32 %
$ in thousands
March 31, 2025
March 31, 2024
Operating lease expense$2,797 $2,774 
Finance lease cost
Amortization of right-of use asset47 94
Interest on lease liability6
Cash paid for amounts included in the measurement of lease liabilities
Operating leases2,947 2,833 
Finance lease55 95 

Maturities of lease liabilities at March 31, 2025 are as follows:
$ in thousandsOperating LeasesFinance Leases
Year ending March 31,
2026$2,893 $26 
20272,583 — 
20282,411 — 
20291,326 — 
2030134 — 
Thereafter80 — 
Total lease payments9,427 26 
Interest(558)— 
Lease liability$8,869 $26