Fair Value Measurements: Fair Value, Option, Quantitative Disclosures (Tables)

6 Months Ended

Sep. 30, 2016

Fair Value, Option, Quantitative Disclosures

September 30, 2016	Carrying Amount		Level 1		Level 2		Level 3		Estimated Fair Value
Assets:
Cash and cash equivalents	$	93,007	$	93,007	$	-	$	-	$	93,007
Certificates of deposit held for investment		15,275		-		15,414		-		15,414
Loans held for sale		991		-		991		-		991
Investment securities available for sale		152,251		-		150,465		1,786		152,251
Investment securities held to maturity		69		-		71		-		71
Loans receivable, net		640,873		-		-		606,184		606,184
FHLB stock		1,060		-		1,060		-		1,060

Liabilities:
Demand and savings deposits		724,041		724,041		-		-		724,041
Time deposits		114,861		-		114,668		-		114,668
Junior subordinated debentures		22,681		-		-		7,969		7,969
Capital lease obligation		2,464		-		2,464		-		2,464

March 31, 2016
Assets:
Cash and cash equivalents	$	55,400	$	55,400	$	-	$	-	$	55,400
Certificates of deposit held for investment		16,769		-		16,959		-		16,959
Loans held for sale		503		-		503		-		503
Investment securities available for sale		150,690		-		148,882		1,808		150,690
Investment securities held to maturity		75		-		76		-		76
Loans receivable, net		614,934		-		-		571,068		571,068
FHLB stock		1,060		-		1,060		-		1,060

Liabilities:
Demand and savings deposits		660,421		660,421		-		-		660,421
Time deposits		119,382		-		119,143		-		119,143
Junior subordinated debentures		22,681		-		-		7,705		7,705
Capital lease obligation		2,475		-		2,475		-		2,475

- Definition

Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

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