v3.25.2
Leases
3 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Lessee, Operating Leases LEASES
As of June 30, 2025, operating right-of-use ("ROU") lease assets and related lease liabilities totaled $7.6 million and $8.2 million, respectively. As of March 31, 2025, operating ROU lease assets and related lease liabilities totaled $8.2 million and $8.9 million, respectively.

    As of June 30, 2025, the Company had $14 thousand and $15 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 three months ended June 30, 2025:
June 30, 2025
March 31, 2025
Weighted-average remaining lease term
Operating leases3.3 years3.5 years
Finance lease0.3 years1.3 years
Weighted-average discount rate
Operating leases3.35 %3.34 %
Finance lease5.00 %5.00 %
Three Months Ended June 30,
$ in thousands
2025
2024
Operating lease expense$709 $706 
Finance lease cost
Amortization of right-of-use asset10 14 
Interest on lease liability— 
Cash paid for amounts included in the measurement of lease liabilities
Operating leases741 734 
Finance lease13 18 
    Maturities of lease liabilities at June 30, 2025 are as follows:
$ in thousandsOperating LeasesFinance Leases
Year ending March 31,
2025$2,144 $15 
20262,583 — 
20272,411 — 
20281,326 — 
2029134 — 
Thereafter80 — 
Total lease payments8,678 15 
Interest(486)— 
Lease liability$8,192 $15