v3.25.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
INTEREST AND DIVIDEND INCOME:    
Interest and fees on loans receivable $ 13,352 $ 12,052
Interest on investment securities - taxable 1,667 1,972
Interest on investment securities - nontaxable 65 65
Other interest and dividends 291 310
Total interest and dividend income 15,375 14,399
INTEREST EXPENSE:    
Interest on deposits 3,774 3,447
Interest on borrowings 1,760 2,131
Total interest expense 5,534 5,578
Net interest income 9,841 8,821
Net interest income after provision for credit losses 9,841 8,821
NON-INTEREST INCOME:    
Income from BOLI 222 211
Other, net 80 58
Total non-interest income, net 3,426 3,367
NON-INTEREST EXPENSE:    
Salaries and employee benefits 7,247 6,388
Occupancy and depreciation 1,868 1,895
Data processing 742 764
Amortization of CDI 24 25
Advertising and marketing 237 310
FDIC insurance premium 164 178
State and local taxes 225 216
Telecommunications 46 47
Professional fees 416 490
Other 751 656
Total non-interest expense 11,720 10,969
INCOME BEFORE INCOME TAXES 1,547 1,219
PROVISION FOR INCOME TAXES 322 253
NET INCOME $ 1,225 $ 966
Earnings per common share:    
Basic $ 0.06 $ 0.05
Diluted $ 0.06 $ 0.05
Weighted average number of common shares outstanding:    
Basic 20,976,200 21,111,043
Diluted 20,976,200 21,111,043
Fees and service charges    
NON-INTEREST INCOME:    
Non-interest income $ 1,572 $ 1,540
Asset management fees    
NON-INTEREST INCOME:    
Non-interest income $ 1,552 $ 1,558