XML 43 R33.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

FAIR VALUE MEASUREMENTS (Tables) | 3 Months Ended
--- | ---
Jun. 30, 2024
FAIR VALUE MEASUREMENTS |
Schedule of assets that are measured at estimated fair value on a recurring basis | The following tables present assets that are measured at estimated fair value on a recurring basis at the dates indicated (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Total Estimated | ​ | Estimated Fair Value Measurements Using
June 30, 2024 |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investment securities available for sale: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Municipal securities | ​ | $ | 34,785 | ​ | $ | — | ​ | $ | 34,785 | ​ | $ | —
Agency securities | ​ |  | 40,814 | ​ |  | — | ​ |  | 40,814 | ​ |  | —
Real estate mortgage investment conduits | ​ |  | 24,672 | ​ |  | — | ​ |  | 24,672 | ​ |  | —
Residential mortgage-backed securities | ​ |  | 11,925 | ​ |  | — | ​ |  | 11,925 | ​ |  | —
Other mortgage-backed securities | ​ |  | 25,175 | ​ |  | — | ​ |  | 25,175 | ​ |  | —
Total assets measured at fair value on a recurring basis | ​ | $ | 137,371 | ​ | $ | — | ​ | $ | 137,371 | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Total Estimated |  | Estimated Fair Value Measurements Using
March 31, 2024 |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investment securities available for sale: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Municipal securities | ​ | $ | 35,136 | ​ | $ | — | ​ | $ | 35,136 | ​ | $ | —
Agency securities | ​ |  | 43,577 | ​ |  | — | ​ |  | 43,577 | ​ |  | —
Real estate mortgage investment conduits | ​ |  | 25,665 | ​ |  | — | ​ |  | 25,665 | ​ |  | —
Residential mortgage-backed securities | ​ |  | 12,551 | ​ |  | — | ​ |  | 12,551 | ​ |  | —
Other mortgage-backed securities | ​ |  | 26,267 | ​ |  | — | ​ |  | 26,267 | ​ |  | —
Total assets measured at fair value on a recurring basis | ​ | $ | 143,196 | ​ | $ | — | ​ | $ | 143,196 | ​ | $ | —
Schedule of carrying amount and estimated fair value of financial instruments | The carrying amount and estimated fair value of financial instruments is as follows at the dates indicated (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Estimated
June 30, 2024 | ​ | Amount |  | Level 1 | ​ | Level 2 | ​ | Level 3 |  | Fair Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets: |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Cash and cash equivalents | ​ | $ | 27,804 | ​ | $ | 27,804 | ​ | $ | — | ​ | $ | — | ​ | $ | 27,804
Investment securities available for sale | ​ |  | 137,371 | ​ |  | — | ​ |  | 137,371 | ​ |  | — | ​ |  | 137,371
Investment securities held to maturity | ​ |  | 225,817 | ​ |  | — | ​ |  | 192,026 | ​ |  | — | ​ |  | 192,026
Loans receivable, net | ​ |  | 1,029,701 | ​ |  | — | ​ |  | — | ​ |  | 928,275 | ​ |  | 928,275
FHLB stock | ​ |  | 6,061 | ​ |  | — | ​ |  | 6,061 | ​ |  | — | ​ |  | 6,061
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Certificates of deposit | ​ |  | 204,423 | ​ |  | — | ​ |  | 202,614 | ​ |  | — | ​ |  | 202,614
FHLB advances | ​ |  | 113,504 | ​ |  | — | ​ |  | 113,243 | ​ |  | — | ​ |  | 113,243
Junior subordinated debentures | ​ |  | 27,026 | ​ |  | — | ​ |  | — | ​ |  | 19,465 | ​ |  | 19,465
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Estimated
March 31, 2024 | ​ | Amount | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Fair Value
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Cash and cash equivalents | ​ | $ | 23,642 | ​ | $ | 23,642 | ​ | $ | — | ​ | $ | — | ​ | $ | 23,642
Investment securities available for sale | ​ |  | 143,196 | ​ |  | — | ​ |  | 143,196 | ​ |  | — | ​ |  | 143,196
Investment securities held to maturity | ​ |  | 229,510 | ​ |  | — | ​ |  | 195,519 | ​ |  | — | ​ |  | 195,519
Loans receivable, net | ​ |  | 1,008,649 | ​ |  | — | ​ |  | — | ​ |  | 909,254 | ​ |  | 909,254
FHLB stock | ​ |  | 4,927 | ​ |  | — | ​ |  | 4,927 | ​ |  | — | ​ |  | 4,927
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Certificates of deposit | ​ |  | 190,972 | ​ |  | — | ​ |  | 188,972 | ​ |  | — | ​ |  | 188,972
FHLB advances | ​ |  | 88,304 | ​ |  | — | ​ |  | 88,101 | ​ |  | — | ​ |  | 88,101
Junior subordinated debentures | ​ |  | 27,004 | ​ |  | — | ​ |  | — | ​ |  | 19,327 | ​ |  | 19,327

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

X
- Definition Tabular disclosure of information about asset and liability measured at fair value under fair value option. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-30 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-28 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-31 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-32 + Details
Name: | us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration