XML 18 R37.htm IDEA: XBRL DOCUMENT
v3.20.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2020
INCOME TAXES |
Schedule of provision for income taxes |
|  | Year Ended March 31,
|  | 2020 |  | 2019 |  | 2018
Current |  | $ | 5,404 |  | $ | 5,157 |  | $ | 4,087
Deferred |  |  | (574) |  |  | (11) |  |  | 3,668
Total |  | $ | 4,830 |  | $ | 5,146 |  | $ | 7,755
Schedule of deferred tax assets and deferred tax liabilities |
|  | March 31, 2020 |  | March 31, 2019
Deferred tax assets: |  |  |  |  |  |
Deferred compensation |  | $ | 63 |  | $ | 45
Allowance for loan losses |  |  | 3,143 |  |  | 2,862
Accrued expenses |  |  | 137 |  |  | 131
Accumulated depreciation and amortization |  |  | 935 |  |  | 797
Deferred gain on sale |  |  | 129 |  |  | 167
Purchase accounting |  |  | 123 |  |  | 141
Net unrealized loss on investment securities available for sale |  |  | — |  |  | 829
Operating lease liabilities |  |  | 971 |  |  | —
Other |  |  | 352 |  |  | 242
Total deferred tax assets |  |  | 5,853 |  |  | 5,214
Deferred tax liabilities: |  |  |  |  |  |
FHLB stock dividend |  |  | (38) |  |  | (97)
Prepaid expenses |  |  | (84) |  |  | (148)
Operating lease right-of-use assets |  |  | (947) |  |  | —
Net unrealized gain on investment securities available for sale |  |  | (663) |  |  | —
Loan fees/costs |  |  | (844) |  |  | (774)
Total deferred tax liabilities |  |  | (2,576) |  |  | (1,019)
Deferred tax assets, net |  | $ | 3,277 |  | $ | 4,195
Schedule of reconciliation of effective income tax rate with the federal statutory tax rate |
|  | Year Ended March 31,
|  | 2020 |  | 2019 |  | 2018
Statutory federal income tax rate |  | 21.0 | % | 21.0 | % | 30.8 | %
State and local income tax rate |  | 3.0 |  | 3.0 |  | 2.5 |
Revaluation of net deferred tax assets due to Tax Act |  | — |  | — |  | 11.4 |
ESOP market value adjustment |  | (0.1) |  | (0.1) |  | — |
BOLI |  | (1.0) |  | (0.8) |  | (1.5) |
Other, net |  | 0.6 |  | (0.1) |  | (0.1) |
Effective federal income tax rate |  | 23.5 | % | 23.0 | % | 43.1 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration