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DEPOSITS
12 Months Ended
Mar. 31, 2020
DEPOSITS  
DEPOSITS

8.    DEPOSITS

Deposit accounts consisted of the following at the dates indicated (in thousands):

 

 

 

 

 

 

 

 

Account Type

    

March 31, 2020

    

March 31, 2019

Non-interest-bearing

 

$

271,031

 

$

284,854

Interest-bearing checking

 

 

187,798

 

 

183,388

Money market

 

 

169,798

 

 

233,317

Savings accounts

 

 

226,880

 

 

137,503

Certificates of deposit

 

 

134,941

 

 

86,006

Total

 

$

990,448

 

$

925,068

 

Individual certificates of deposit in amounts of $250,000 or  more totaled $35.9 million and $10.5 million at March 31, 2020 and 2019, respectively.

Scheduled maturities of certificates of deposit for future years ending March 31 are as follows (in thousands):

 

 

 

 

 

Year Ending March 31:

    

    

 

2021

 

$

74,078

2022

 

 

40,579

2023

 

 

14,303

2024

 

 

2,360

2025

 

 

2,623

Thereafter

 

 

998

Total

 

$

134,941

 

Interest expense by deposit type was as follows for the years indicated (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended March 31, 

 

 

2020

 

2019

 

2018

Interest-bearing checking

 

$

100

 

$

101

 

$

100

Money market

 

 

229

 

 

302

 

 

335

Savings accounts

 

 

1,054

 

 

145

 

 

133

Certificates of deposit

 

 

1,507

 

 

448

 

 

640

Total

 

$

2,890

 

$

996

 

$

1,208