v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
INTEREST AND DIVIDEND INCOME:      
Interest and fees on loans receivable $ 55,017 $ 50,621 $ 46,031
Interest on investment securities - taxable 5,688 6,918 8,971
Interest on investment securities - nontaxable 258 260 261
Other interest and dividends 1,045 1,163 1,292
Total interest and dividend income 62,008 58,962 56,555
INTEREST EXPENSE:      
Interest on deposits 16,749 15,313 8,285
Interest on borrowings 4,911 7,305 10,184
Total interest expense 21,660 22,618 18,469
Net interest income 40,348 36,344 38,086
Provision for credit losses 1,255 100  
Net interest income after provision for credit losses 39,093 36,244 38,086
NON-INTEREST INCOME:      
Loss on sales of investment securities available for sale (11,350)   (2,729)
Income from BOLI 986 941 891
BOLI death benefit in excess of cash surrender value   261  
Other, net 594 1,146 483
Total non-interest income, net 2,736 14,256 10,242
NON-INTEREST EXPENSE:      
Salaries and employee benefits 28,816 26,099 24,204
Occupancy and depreciation 7,528 7,560 6,872
Data processing 3,228 2,948 2,782
Amortization of CDI 93 100 108
Advertising and marketing 1,059 1,278 1,276
FDIC insurance premium 671 688 708
State and local taxes 1,160 1,042 1,010
Telecommunications 202 215 211
Professional fees 1,582 1,800 1,375
Other 3,324 2,532 5,181
Total non-interest expense 47,663 44,262 43,727
(LOSS) INCOME BEFORE INCOME TAXES (5,834) 6,238 4,601
INCOME TAX (BENEFIT) PROVISION (1,493) 1,335 802
NET (LOSS) INCOME $ (4,341) $ 4,903 $ 3,799
(Loss) earnings per common share:      
Basic $ (0.21) $ 0.23 $ 0.18
Diluted $ (0.21) $ 0.23 $ 0.18
Weighted average number of common shares outstanding:      
Basic 20,839,900 21,063,467 21,137,976
Diluted 20,839,900 21,063,467 21,139,322
Fees and service charges      
NON-INTEREST INCOME:      
Non-interest income $ 6,271 $ 6,002 $ 6,269
Asset management fees      
NON-INTEREST INCOME:      
Non-interest income $ 6,235 $ 5,906 $ 5,328