v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
INTEREST AND DIVIDEND INCOME:    
Interest and fees on loans receivable $ 14,241 $ 13,352
Interest on investment securities - taxable 1,253 1,667
Interest on investment securities - nontaxable 42 65
Other interest and dividends 832 291
Total interest and dividend income 16,368 15,375
INTEREST EXPENSE:    
Interest on deposits 4,361 3,774
Interest on borrowings 611 1,760
Total interest expense 4,972 5,534
Net interest income 11,396 9,841
Net interest income after provision for credit losses 11,396 9,841
NON-INTEREST INCOME:    
Income from BOLI 247 222
Other, net 96 80
Total non-interest income, net 3,618 3,426
NON-INTEREST EXPENSE:    
Salaries and employee benefits 8,028 7,247
Occupancy and depreciation 1,840 1,868
Data processing 912 742
Amortization of CDI 22 24
Advertising and marketing 330 237
FDIC insurance premium 187 164
State and local taxes 343 225
Telecommunications 55 46
Professional fees 480 416
Other 688 751
Total non-interest expense 12,885 11,720
INCOME BEFORE INCOME TAXES 2,129 1,547
INCOME TAX PROVISION 435 322
NET INCOME $ 1,694 $ 1,225
Earnings per common share:    
Basic $ 0.08 $ 0.06
Diluted $ 0.08 $ 0.06
Weighted average number of common shares outstanding:    
Basic 20,373,277 20,976,200
Denominator-weighted average common shares outstanding 20,373,277 20,976,200
Fees and service charges    
NON-INTEREST INCOME:    
Non-interest income $ 1,641 $ 1,572
Asset management fees    
NON-INTEREST INCOME:    
Non-interest income $ 1,634 $ 1,552