v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (1,177) $ (2,212)
Adjustments to reconcile net income to net cash provided by operating activities:    
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal) (26) 260
Stock based compensation expense 13 27
Depreciation and amortization expense 179 226
Income from bank owned life insurance 41 39
Amortization and accretion of loan premiums and discounts and deferred charges, net 210 118
Amortization and accretion of premiums and discounts — securities 41 48
Increase in accrued interest receivable (271) (7)
Decrease (increase) in other assets 285 (277)
Increase (decrease) in other liabilities 557 (493)
Net cash used in operating activities (230) (2,349)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from principal payments, maturities and calls of investments: Available-for-sale 769 775
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity 46 67
Loans held-for investment, net of (originations) and repayments/payoffs and maturities (11,779) 2,991
Loans purchased from third parties (3,453) (1,186)
Purchase of FHLB-NY stock, net (15) (111)
Purchase of premises and equipment (168) (154)
Net cash provided by (used in) investing activities 8,958 (3,600)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net decrease in deposits (16,306) (8,546)
Proceeds from Issuance of Long-term Debt 2,912 1,814
Repayment of long-term borrowings (1,814) 0
Net cash used in financing activities (15,208) (6,732)
Net decrease in cash and cash equivalents (6,480) (12,681)
Cash and cash equivalents at beginning of period 50,315 59,025
Cash and cash equivalents at end of period 43,835 46,344
Cash paid for:    
Interest 3,622 3,734
Tax on capital $ 36 $ 67