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FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
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Dec. 31, 2016
Fair Value Disclosures [Abstract] |
Schedule of assets that are measured at estimated fair value on a recurring basis |
|  |  |  |  | Estimated fair value measurements using |
December 31, 2016 |  | Total estimated fair value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Investment securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | 2,810 |  |  | $ | - |  |  | $ | 2,810 |  |  | $ | - |
Agency securities |  |  | 16,797 |  |  |  | - |  |  |  | 16,797 |  |  |  | - |
Real estate mortgage investment conduits |  |  | 45,149 |  |  |  | - |  |  |  | 45,149 |  |  |  | - |
Residential mortgage-backed securities |  |  | 100,963 |  |  |  | - |  |  |  | 100,963 |  |  |  | - |
Other mortgage-backed securities |  |  | 41,552 |  |  |  | - |  |  |  | 41,552 |  |  |  | - |
Total assets measured at fair value on a recurring basis |  | $ | 207,271 |  |  | $ | - |  |  | $ | 207,271 |  |  | $ | - |
March 31, 2016
Investment securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |
Trust preferred |  | $ | 1,808 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,808 |
Agency securities |  |  | 19,569 |  |  |  | - |  |  |  | 19,569 |  |  |  | - |
Real estate mortgage investment conduits |  |  | 43,924 |  |  |  | - |  |  |  | 43,924 |  |  |  | - |
Residential mortgage-backed securities |  |  | 76,353 |  |  |  | - |  |  |  | 76,353 |  |  |  | - |
Other mortgage-backed securities |  |  | 9,036 |  |  |  | - |  |  |  | 9,036 |  |  |  | - |
Total assets measured at fair value on a recurring basis |  | $ | 150,690 |  |  | $ | - |  |  | $ | 148,882 |  |  | $ | 1,808 |
Schedule of reconciliation of assets that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3) |
|  | For the Nine Months Ended |
|  | December 31, 2016 |  |  | December 31, 2015 |
|  | Available for sale securities |  |  | Available for sale securities |
Beginning balance |  | $ | 1,808 |  |  | $ | 1,812 |
Transfers into Level 3 |  |  | - |  |  |  | - |
Included in earnings (1) |  |  | (240 | ) |  |  | - |
Included in other comprehensive income |  |  | 111 |  |  |  | (25 | )
Disposition |  |  | (1,679 | ) |  |  | - |
Ending balance |  | $ | - |  |  | $ | 1,787 |
(1) Included in other non-interest income |  |  |  |  |  |  |  |
Schedule of assets that are measured at estimated fair value on a nonrecurring basis |
|  |  |  | Estimated Fair Value Measurements Using |
December 31, 2016 | Total Estimated Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |
Impaired loans |  | $ | 1,076 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,076 |
March 31, 2016 |  |  |  |  |  |  |  |
Impaired loans |  | $ | 1,092 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,092 |
Real estate owned ("REO") |  |  | 644 |  |  |  | - |  |  |  | - |  |  |  | 644 |
Total nonrecurring assets measured at fair value |  | $ | 1,736 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,736 |
Schedule of quantitative information about Level 3 inputs for financial instruments measured at fair value on a nonrecurring basis |
|  | Valuation Technique |  | Significant Unobservable Inputs |  | Range (1)
Impaired loans |  | Appraised value |  | Adjustment for market conditions |  | N/A
REO |  | Appraised value |  | Adjustment for market conditions |  | N/A
(1) There were no adjustments to appraised values of impaired loans for the nine months ended December 31, 2016. There were no adjustments to appraised values of impaired loans or REO for the nine months ended December 31, 2015.
Schedule of carrying amount and estimated fair value of financial instruments |
December 31, 2016 |  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Estimated Fair Value |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 28,262 |  |  | $ | 28,262 |  |  | $ | - |  |  | $ | - |  |  | $ | 28,262 |
Certificates of deposit held for investment |  |  | 11,291 |  |  |  | - |  |  |  | 11,362 |  |  |  | - |  |  |  | 11,362 |
Loans held for sale |  |  | 1,679 |  |  |  | - |  |  |  | 1,679 |  |  |  | - |  |  |  | 1,679 |
Investment securities available for sale |  |  | 207,271 |  |  |  | - |  |  |  | 207,271 |  |  |  | - |  |  |  | 207,271 |
Investment securities held to maturity |  |  | 67 |  |  |  | - |  |  |  | 68 |  |  |  | - |  |  |  | 68 |
Loans receivable, net |  |  | 654,053 |  |  |  | - |  |  |  | - |  |  |  | 618,193 |  |  |  | 618,193 |
FHLB stock |  |  | 1,060 |  |  |  | - |  |  |  | 1,060 |  |  |  | - |  |  |  | 1,060 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Demand and savings deposits |  |  | 730,131 |  |  |  | 730,131 |  |  |  | - |  |  |  | - |  |  |  | 730,131 |
Time deposits |  |  | 110,260 |  |  |  | - |  |  |  | 109,365 |  |  |  | - |  |  |  | 109,365 |
Junior subordinated debentures |  |  | 22,681 |  |  |  | - |  |  |  | - |  |  |  | 9,016 |  |  |  | 9,016 |
Capital lease obligation |  |  | 2,459 |  |  |  | - |  |  |  | 2,459 |  |  |  | - |  |  |  | 2,459 |
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 |

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References No definition available. + Details
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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 + Details
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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14217-108612 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -Subparagraph (c)(2),(d),(e) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a),(c)(1),(d)(1) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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