v3.25.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net income $ 3,045 $ 2,806
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 737 389
Gain on sale of loans (271) (154)
Amortization of premium and accretion of discount on securities, net (11) 62
Deferred income tax expense 19 1
Provision for credit losses 86 56
Origination of loans held for sale (18,703) (10,326)
Proceeds from sales of loans held for sale 18,974 10,480
ESOP expense 154 118
Stock based compensation 569 26
Change in assets and liabilities:    
Accrued interest receivable (217) (610)
Mortgage servicing rights (30) 22
Other assets (63) 381
Accrued interest payable 5 (227)
Accounts payable, accrued expenses and other liabilities (973) (646)
Net cash provided by operating activities 3,321 2,378
Cash flows from investing activities    
Net change in loans (27,987) (24,664)
Purchase of investment securities available for sale (4,387) (3,026)
Principal paydowns from investment securities available for sale 6,400 6,508
Principal paydowns from investment securities held to maturity 38 51
Purchase of FHLB stock (21) (28)
Purchase of premises and equipment (972) (4,798)
Net cash used in investing activities (26,929) (25,957)
Cash flows from financing activities    
Net change in deposits 23,763 19,203
Net change in advances from borrowers for taxes and insurance (185) (303)
Repurchase of common stock (544) (137)
Net cash provided by financing activities 23,034 18,763
Net decrease in cash and cash equivalents (574) (4,816)
Cash and cash equivalents - beginning of period 28,682 11,454
Cash and cash equivalents - end of period 28,108 6,638
Supplemental disclosures of cash flow information:    
Cash paid for taxes 400 300
Cash paid for interest $ 6,601 $ 6,378