v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income $ 2,658 $ 1,870
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 453 478
Gain on sale of loans (148) (175)
Amortization of premium and accretion of discount on securities, net (82) (3)
Deferred income tax expense (2) 0
Provision for credit losses 38 86
Origination of loans held for sale (11,676) (12,764)
Proceeds from sales of loans held for sale 11,824 12,939
ESOP expense 127 100
Stock based compensation 380 376
Change in assets and liabilities:    
Accrued interest receivable (576) (708)
Mortgage servicing rights (2) (22)
Other assets 157 170
Accrued interest payable (113) 22
Accounts payable, accrued expenses and other liabilities (2,188) (1,335)
Net cash provided by operating activities 850 1,034
Cash flows from investing activities    
Net change in loans 1,957 (20,127)
Purchase of investment securities available for sale (10,784) (3,399)
Proceeds from principal payments, maturities and disposition of available-for-sale investment securities 5,831 4,179
Proceeds from principal paydowns from investment securities held to maturity 25 30
Purchase of investment securities held to maturity (3,000) 0
Purchase of FHLB stock (13) (14)
Purchase of premises and equipment (95) (912)
Net cash used in investing activities (6,079) (20,243)
Cash flows from financing activities    
Net change in deposits 8,430 (8,011)
Net change in advances from borrowers for taxes and insurance (759) (723)
Repurchase of common stock (596) (350)
Proceeds from exercise of stock options 14 0
Proceeds from short-term FHLB advances 0 8,500
Net cash provided by (used in) financing activities 7,089 (584)
Net increase (decrease) in cash and cash equivalents 1,860 (19,793)
Cash and cash equivalents - beginning of period 29,929 28,682
Cash and cash equivalents - end of period 31,789 8,889
Supplemental disclosures of cash flow information:    
Cash paid for taxes 660 200
Cash paid for interest $ 5,091 $ 4,268