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INVESTMENT SECURITIES (Tables)
3 Months Ended
Jun. 30, 2017
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
 
June 30, 2017
            
Available for sale:
            
Municipal securities
 
$
6,398
  
$
13
  
$
(48
)
 
$
6,363
 
Agency securities
  
22,400
   
18
   
(179
)
  
22,239
 
Real estate mortgage investment conduits (1)
  
41,683
   
64
   
(284
)
  
41,463
 
Residential mortgage-backed securities (1)
  
93,576
   
115
   
(994
)
  
92,697
 
Other mortgage-backed securities (2)
  
42,961
   
28
   
(739
)
  
42,250
 
Total available for sale
 
$
207,018
  
$
238
  
$
(2,244
)
 
$
205,012
 
                 
Held to maturity:
                
Residential mortgage-backed securities (3)
 
$
54
  
$
1
  
$
-
  
$
55
 
                 
March 31, 2017
                
Available for sale:
                
Municipal securities
 
$
2,936
  
$
-
  
$
(117
)
 
$
2,819
 
Agency securities
  
16,993
   
18
   
(203
)
  
16,808
 
Real estate mortgage investment conduits (1)
  
43,510
   
49
   
(399
)
  
43,160
 
Residential mortgage-backed securities (1)
  
97,742
   
111
   
(1,242
)
  
96,611
 
Other mortgage-backed securities (2)
  
41,649
   
15
   
(848
)
  
40,816
 
Total available for sale
 
$
202,830
  
$
193
  
$
(2,809
)
 
$
200,214
 
                 
Held to maturity:
                
Residential mortgage-backed securities (3)
 
$
64
  
$
2
  
$
-
  
$
66
 
  
(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 FHLMC and FNMA 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 in one year or less
 
$
5,000
  
$
4,985
  
$
-
  
$
-
 
Due after one year through five years
  
11,488
   
11,489
   
-
   
-
 
Due after five years through ten years
  
41,199
   
40,744
   
48
   
49
 
Due after ten years
  
149,331
   
147,794
   
6
   
6
 
Total
 
$
207,018
  
$
205,012
  
$
54
  
$
55
 
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
 
June 30, 2017
                  
                   
Available for sale:
                  
Municipal securities
 
$
5,170
  
$
(48
)
 
$
-
  
$
-
  
$
5,170
  
$
(48
)
Agency securities
  
21,216
   
(179
)
  
-
   
-
   
21,216
   
(179
)
Real estate mortgage investment conduits (1)
  
29,606
   
(284
)
  
-
   
-
   
29,606
   
(284
)
Residential mortgage-backed securities (1)
  
72,615
   
(988
)
  
556
   
(6
)
  
73,171
   
(994
)
Other mortgage-backed securities (2)
  
34,288
   
(716
)
  
2,805
   
(23
)
  
37,093
   
(739
)
Total available for sale
 
$
162,895
  
$
(2,215
)
 
$
3,361
  
$
(29
)
 
$
166,256
  
$
(2,244
)
      
            (1) Comprised of FHLMC, FNMA and GNMA issued securities.
 
            (2) Comprised of SBA issued and CRE secured securities issued by FNMA.
 
 
March 31, 2017
                  
                   
Available for sale:
                  
Municipal securities
 
$
2,819
  
$
(117
)
 
$
-
  
$
-
  
$
2,819
  
$
(117
)
Agency securities
  
15,785
   
(203
)
  
-
   
-
   
15,785
   
(203
)
Real estate mortgage investment conduits (1)
  
32,221
   
(399
)
  
-
   
-
   
32,221
   
(399
)
Residential mortgage-backed securities (2)
  
74,388
   
(1,232
)
  
602
   
(10
)
  
74,990
   
(1,242
)
Other mortgage-backed securities (3)
  
36,754
   
(803
)
  
2,840
   
(45
)
  
39,594
   
(848
)
Total available for sale
 
$
161,967
  
$
(2,754
)
 
$
3,442
  
$
(55
)
 
$
165,409
  
$
(2,809
)
                         
(1) Comprised of FHLMC and FNMA issued securities.
 
            (2) Comprised of FHLMC, FNMA and GNMA issued securities.
 
            (3) Comprised of SBA issued and CRE secured securities issued by FNMA.