v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (4,341) $ 4,903 $ 3,799
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 3,399 3,327 2,761
Purchased loans (accretion) amortization, net (21) 82 75
Provision for credit losses 1,255 100  
Provision (benefit) for deferred income taxes (1,577) 261 (165)
Stock-based compensation expense 431 384 34
Write-down of real estate owned ("REO"), net 26    
Increase (decrease) in deferred loan origination fees, net of amortization (38) (318) 273
Net loss on sales of investment securities available for sale 11,350   2,729
Net gain on sales of premises and equipment (23)    
Income from BOLI (986) (941) (891)
Changes in certain other assets and liabilities:      
Prepaid expenses and other assets (678) 1,092 3,234
Accrued interest receivable 392 (110) 375
Accrued expenses and other liabilities 2,853 (510) 530
Net cash provided by operating activities 12,042 8,270 12,754
CASH FLOWS FROM INVESTING ACTIVITIES:      
Loan originations, net (3,764) (20,115) (6,392)
Purchases of loans receivable (27,582) (18,186) (9,101)
Principal repayments on investment securities available for sale 7,413 8,021 16,056
Purchases of investment securities available for sale (25,491)    
Proceeds from calls and maturities of investment securities available for sale   19,230 9,016
Proceeds from sales of investment securities available for sale 137,967   43,486
Principal repayments on investment securities held to maturity 16,882 14,026 13,916
Proceeds from calls and maturities of investment securities held to maturity 10,840 12,000  
Proceeds from sale of shares in trading asset - VISA stock 248 392  
Purchases of premises and equipment and capitalized software (789) (2,713) (5,612)
Redemption of certificates of deposit held for investment     249
Redemption of FHLB stock, net 2,711 585 1,940
Proceeds from sales of REO and premises and equipment 66 86  
Proceeds from death benefit on BOLI 1,223    
Purchased BOLI (1,399)    
Net cash provided by investing activities 118,325 13,326 63,558
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net increase (decrease) in deposits 21,857 649 (33,538)
Dividends paid (1,670) (2,533) (5,080)
Proceeds from borrowings 756,500 612,600 605,030
Repayment of borrowings (816,800) (624,504) (640,480)
Net increase (decrease) in advance payments by borrowers for taxes and insurance (7) 33 (44)
Principal payments on finance lease liability (79) (69) (61)
Proceeds from exercise of stock options     36
Repurchase of common stock (2,716) (2,000) (577)
Net cash used in financing activities (42,915) (15,824) (74,714)
NET INCREASE IN CASH AND CASH EQUIVALENTS 87,452 5,772 1,598
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 29,414 23,642 22,044
CASH AND CASH EQUIVALENTS, END OF PERIOD 116,866 29,414 23,642
Cash paid during the period for:      
Interest paid 21,172 21,625 17,244
Income taxes paid, net of refunds 1,187 (127) 1,866
NONCASH INVESTING AND FINANCING ACTIVITIES:      
Dividends declared and accrued in other liabilities 412 419 1,267
Transfer of loans to REO 26    
Transfer Of Securities From Held to Maturity to Available for Sale prior to sale 174,941    
Net unrealized holding (losses) gains from investment securities available for sale (19,361) 3,716 143
Reclassification adjustment related to loss on sales of investment securities available for sale 11,350   2,729
Income tax effect related to other comprehensive (loss) income 4,647 (892) (34)
Income tax effect related to loss on sales of investment securities available for sale (2,725)   (655)
Operating lease ROU assets obtained in exchange for operating lease liabilities 459    
Adjustment to retained earnings, net of deferred tax; - adoption of ASU 2016-13     $ (53)
Conversion of shares in trading asset - VISA Stock $ 248 $ 392