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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of assets that are measured at estimated fair value on a recurring basis

						Estimated Fair Value Measurements Using
March 31, 2019		Total Estimated Fair Value				Level 1				Level 2				Level 3
Investment securities available for sale:
Municipal securities		$	8,881			$	-			$	8,881			$	-
Agency securities			12,341				-				12,341				-
Real estate mortgage investment conduits			40,162				-				40,162				-
Residential mortgage-backed securities			75,821				-				75,821				-
Other mortgage-backed securities			41,021				-				41,021				-
Total assets measured at fair value on a recurring basis		$	178,226			$	-			$	178,226			$	-

						Estimated Fair Value Measurements Using
March 31, 2018		Total Estimated Fair Value				Level 1				Level 2				Level 3
Investment securities available for sale:
Municipal securities		$	8,732			$	-			$	8,732			$	-
Agency securities			22,102				-				22,102				-
Real estate mortgage investment conduits			46,955				-				46,955				-
Residential mortgage-backed securities			89,074				-				89,074				-
Other mortgage-backed securities			46,358				-				46,358				-
Total assets measured at fair value on a recurring basis		$	213,221			$	-			$	213,221			$	-

Schedule of assets that are measured at estimated fair value on a nonrecurring basis

						Estimated fair value measurements using
		Total estimated fair value				Level 1				Level 2				Level 3
March 31, 2019
Impaired loans		$	394			$	-			$	-			$	394

March 31, 2018
Impaired loans		$	2,143			$	-			$	-			$	2,143

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
Impaired loans		Appraised value Discounted cash flows		Adjustment for market conditions Discount rate		N/A(1) 5.25% 8.00%
(1)  There were no adjustments to appraised values of impaired loans as of March 31, 2019 and 2018.

Schedule of carrying amount and estimated fair value of financial instruments

March 31, 2019		Carrying Amount				Level 1				Level 2				Level 3				Estimated Fair Value
Assets:
Cash and cash equivalents		$	22,950			$	22,950			$	-			$	-			$	22,950
Certificates of deposit held for investment			747				-				746				-				746
Loans held for sale			909				-				909				-				909
Investment securities available for sale			178,226				-				178,226				-				178,226
Investment securities held to maturity			35				-				35				-				35
Loans receivable, net			864,659				-				-				862,429				862,429
FHLB stock			3,644				-				3,644				-				3,644
Liabilities:
Certificates of deposit			86,006				-				84,455				-				84,455
FHLB advances			56,586				-				56,586				-				56,586
Junior subordinated debentures			26,575				-				-				15,468				15,468
Capital lease obligation			2,403				-				2,403				-				2,403

March 31, 2018		Carrying Amount				Level 1				Level 2				Level 3				Estimated Fair Value
Assets:
Cash and cash equivalents		$	44,767			$	44,767			$	-			$	-			$	44,767
Certificates of deposit held for investment			5,967				-				5,959				-				5,959
Loans held for sale			210				-				210				-				210
Investment securities available for sale			213,221				-				213,221				-				213,221
Investment securities held to maturity			42				-				43				-				43
Loans receivable, net			800,610				-				-				792,916				792,916
FHLB stock			1,353				-				1,353				-				1,353
Liabilities:
Certificates of deposit			123,144				-				120,940				-				120,940
Junior subordinated debentures			26,484				-				-				15,274				15,274
Capital lease obligation			2,431				-				2,431				-				2,431

X

- 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).

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- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure of information about asset and liability measured at fair value under fair value option.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14210-108612

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-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
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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).

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

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