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INVESTMENT SECURITIES (Tables)
9 Months Ended
Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]  
Schedule of amortized cost and approximate fair value of investment securities
   
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Estimated
Fair Value
 
December 31, 2016
                       
Available for sale:
                       
Municipal securities
 
$
2,951
   
$
-
   
$
(141
)
 
$
2,810
 
Agency securities
   
16,992
     
17
     
(212
)
   
16,797
 
Real estate mortgage investment conduits (1)
   
45,505
     
64
     
(420
)
   
45,149
 
Residential mortgage-backed securities (1)
   
102,193
     
82
     
(1,312
)
   
100,963
 
Other mortgage-backed securities (2)
   
42,607
     
18
     
(1,073
)
   
41,552
 
Total available for sale
 
$
210,248
   
$
181
   
$
(3,158
)
 
$
207,271
 
                                 
Held to maturity:
                               
Mortgage-backed securities (3)
 
$
67
   
$
1
   
$
-
   
$
68
 
                                 
March 31, 2016
                               
Available for sale:
                               
Trust preferred
 
$
1,919
   
$
-
   
$
(111
)
 
$
1,808
 
Agency securities
   
19,520
     
63
     
(14
)
   
19,569
 
Real estate mortgage investment conduits (1)
   
43,293
     
632
     
(1
)
   
43,924
 
Residential mortgage-backed securities (1)
   
75,404
     
980
     
(31
)
   
76,353
 
Other mortgage-backed securities (2)
   
8,875
     
185
     
(24
)
   
9,036
 
Total available for sale
 
$
149,011
   
$
1,860
   
$
(181
)
 
$
150,690
 
                                 
Held to maturity:
                               
Residential mortgage-backed securities (3)
 
$
75
   
$
1
   
$
-
   
$
76
 
   
(1) Comprised of Federal Home Loan Mortgage Corporation ("FHLMC"), Federal National Mortgage Association ("FNMA") and Ginnie Mae ("GNMA") issued securities.
 
(2) Comprised of U.S. Small Business Administration ("SBA") issued securities and commercial real estate ("CRE") secured securities issued by FNMA.
 
(3) Comprised of FNMA and FHLMC issued securities.
 
 
 
Investments Classified by Contractual Maturity Date
   
Available for Sale
   
Held to Maturity
 
   
Amortized
Cost
   
Estimated
Fair Value
   
Amortized
Cost
   
Estimated
Fair Value
 
Due after one year through five years
 
$
16,486
   
$
16,433
   
$
-
   
$
-
 
Due after five years through ten years
   
34,178
     
33,578
     
60
     
61
 
Due after ten years
   
159,584
     
157,260
     
7
     
7
 
Total
 
$
210,248
   
$
207,271
   
$
67
   
$
68
 
Schedule of temporarily impaired securities, fair value and unrealized losses
 
Less than 12 months
 
12 months or longer
 
Total
 
   
Estimated
Fair Value
   
Unrealized
Losses
   
Estimated
Fair Value
   
Unrealized
Losses
   
Estimated
Fair Value
   
Unrealized
Losses
 
December 31, 2016
                                   
                                     
Available for sale:
                                   
Municipal securities
 
$
2,810
   
$
(141
)
 
$
-
   
$
-
   
$
2,810
   
$
(141
)
Agency securities
   
15,774
     
(212
)
   
-
     
-
     
15,774
     
(212
)
Real estate mortgage investment conduits (1)
   
33,074
     
(420
)
   
-
     
-
     
33,074
     
(420
)
Residential mortgage-backed securities (1)
   
82,188
     
(1,297
)
   
651
     
(15
)
   
82,839
     
(1,312
)
Other mortgage-backed securities (2)
   
36,760
     
(1,029
)
   
2,873
     
(44
)
   
39,633
     
(1,073
)
Total available for sale
 
$
170,606
   
$
(3,099
)
 
$
3,524
   
$
(59
)
 
$
174,130
   
$
(3,158
)
   
(1) Comprised of FHLMC, FNMA and GNMA issued securities.
 
(2) Comprised of SBA and CRE issued securities.
 
   
 
Less than 12 months
 
12 months or longer
 
Total
 
   
Estimated
Fair Value
   
Unrealized
Losses
   
Estimated
Fair Value
   
Unrealized
Losses
   
Estimated
Fair Value
   
Unrealized
Losses
 
March 31, 2016
                                               
                                                 
Available for sale:
                                               
Trust preferred
 
$
-
   
$
-
   
$
1,808
   
$
(111
)
 
$
1,808
   
$
(111
)
Agency securities
   
5,508
     
(6
)
   
4,991
     
(8
)
   
10,499
     
(14
)
Real estate mortgage investment conduits (1)
   
1,636
     
(1
)
   
-
     
-
     
1,636
     
(1
)
Residential mortgage-backed securities (2)
   
831
     
(10
)
   
3,051
     
(21
)
   
3,882
     
(31
)
Other mortgage-backed securities (3)
   
1,891
     
(6
)
   
1,229
     
(18
)
   
3,120
     
(24
)
Total available for sale
 
$
9,866
   
$
(23
)
 
$
11,079
   
$
(158
)
 
$
20,945
   
$
(181
)
                                                 
(1) Comprised of a FHLMC security.
 
(2) Comprised of FHLMC and FNMA issued securities.
 
(3) Comprised of SBA issued securities.