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SHAREHOLDERS' EQUITY AND REGULATORY CAPITAL REQUIREMENTS
 12 Months Ended
Mar. 31, 2017
Shareholders Equity And Regulatory Capital Requirements [Abstract]  
SHAREHOLDERS' EQUITY AND REGULATORY CAPITAL REQUIREMENTS
15.
SHAREHOLDERS' EQUITY AND REGULATORY CAPITAL REQUIREMENTS
 
The Bank is subject to various regulatory capital requirements administered by the Office of the Comptroller of the Currency ("OCC"). Failure to meet minimum capital requirements can result in the initiation of certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank's assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.
 
Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total and tier I capital to risk-weighted assets, core capital to total assets and tangible capital to tangible assets (set forth in the table below). Management believes the Bank met all capital adequacy requirements to which it was subject to as of March 31, 2017.
 
As of March 31, 2017, the most recent notification from the OCC categorized the Bank as "well capitalized" under the regulatory framework for prompt corrective action. The Bank's actual and required minimum capital amounts and ratios were as follows at the dates indicated (dollars in thousands):
 
   
Actual
    
For Capital
Adequacy Purposes
    
"Well Capitalized"
Under Prompt
Corrective Action
  
   
Amount
    
Ratio
    
Amount
    
Ratio
    
Amount
    
Ratio
  
March 31, 2017
                                    
Total Capital:
                                    
(To Risk-Weighted Assets)
  
$
112,421
      
14.06
%
  
$
63,955
      
8.0
%
  
$
79,944
      
10.0
%
Tier 1 Capital:
                                                
(To Risk-Weighted Assets)
    
102,411
      
12.81
      
47,966
      
6.0
      
63,955
      
8.0
  
Common equity tier 1 Capital:
                                                
(To Risk-Weighted Assets)
    
102,411
      
12.81
      
35,975
      
4.5
      
51,963
      
6.5
  
Tier 1 Capital (Leverage):
                                                
(To Adjusted Tangible Assets)
    
102,411
      
10.21
      
40,110
      
4.0
      
50,138
      
5.0
  
Tangible Capital:
                                                
(To Tangible Assets)
    
102,411
      
10.21
      
15,041
      
1.5
      
N/A
      
N/A
  
 
 
   
Actual
    
For Capital
Adequacy Purposes
    
"Well Capitalized"
Under Prompt
Corrective Action
  
   
Amount
    
Ratio
    
Amount
    
Ratio
    
Amount
    
Ratio
  
March 31, 2016
                                    
Total Capital:
                                    
(To Risk-Weighted Assets)
  
$
105,277
      
16.07
%
  
$
52,405
      
8.0
%
  
$
65,507
      
10.0
%
Tier 1 Capital:
                                                
(To Risk-Weighted Assets)
    
97,046
      
14.81
      
39,304
      
6.0
      
52,405
      
8.0
  
Common equity tier 1 Capital:
                                                
(To Risk-Weighted Assets)
    
97,046
      
14.81
      
29,478
      
4.5
      
42,579
      
6.5
  
Tier 1 Capital (Leverage):
                                                
(To Adjusted Tangible Assets)
    
97,046
      
11.18
      
34,718
      
4.0
      
43,397
      
5.0
  
Tangible Capital:
                                                
(To Tangible Assets)
    
97,046
      
11.18
      
13,019
      
1.5
      
N/A
      
N/A
  
 
In addition to the minimum CET1, Tier 1 and total capital ratios, the Bank will have to maintain a capital conservation buffer consisting of additional CET1 capital equal to 2.5% of risk-weighted assets above the required minimum levels in order to avoid limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses based on percentages of eligible retained income that could be utilized for such actions. This new capital conservation buffer requirement is to be phased in beginning in January 2016 at 0.625% of risk-weighted assets and increasing each year until fully implemented in January 2019. At March 31, 2017, the Bank's CET1 capital exceeded the required capital conservation buffer of 1.25%.
 
For a savings and loan holding company, such as the Company, the capital guidelines apply on a bank only basis. The Federal Reserve expects the holding company's subsidiary banks to be well capitalized under the prompt corrective action regulations. If the Company was subject to regulatory guidelines for bank holding companies at March 31, 2017, the Company would have exceeded all regulatory capital requirements.
 
At periodic intervals, the OCC and the FDIC routinely examine the Bank's financial condition and risk management processes as part of their legally prescribed oversight. Based on their examinations, these regulators can direct that the Company's consolidated financial statements be adjusted in accordance with their findings. A future examination by the OCC or the FDIC could include a review of certain transactions or other amounts reported in the Company's 2017 consolidated financial statements. The Company did not repurchase any shares of common stock for the years ended March 31, 2017, 2016 or 2015.