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INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of provision for income taxes

		Year Ended March 31
		2019				2018				2017
Current		$	5,157			$	4,087			$	284
Deferred			(11	)			3,668				3,103
Total		$	5,146			$	7,755			$	3,387

Schedule of deferred tax assets and deferred tax liabilities

		March 31, 2019				March 31, 2018
Deferred tax assets:
Deferred compensation		$	45			$	77
Allowance for loan losses			2,862				2,643
Accrued expenses			131				127
Accumulated depreciation and amortization			797				753
Deferred gain on sale			167				201
Purchase accounting			141				150
Net unrealized loss on investment securities available for sale			829				1,458
Other			242				236
Total deferred tax assets			5,214				5,645

Deferred tax liabilities:
FHLB stock dividend			(97	)			(95	)
Prepaid expenses			(148	)			(109	)
Loan fees/costs			(774	)			(628	)
Total deferred tax liabilities			(1,019	)			(832	)
Deferred tax assets, net		$	4,195			$	4,813

Schedule of reconciliation of effective income tax rate with the federal statutory tax rate

		Year Ended March 31,
		2019			2018			2017
Statutory federal income tax rate		21.0	%		30.8	%		34.0	%
State and local income tax rate		3.0			2.5			1.5
Revaluation of net deferred tax assets due to Tax Act		-			11.4			-
ESOP market value adjustment		(0.1)			-			(0.1	)
BOLI		(0.8)			(1.5	)		(3.8	)
Other, net		(0.1)			(0.1	)		(0.2	)
Effective federal income tax rate		23.0	%		43.1	%		31.4	%

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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