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INVESTMENT SECURITIES (Tables)
 6 Months Ended
Sep. 30, 2025
INVESTMENT SECURITIES  
Schedule of amortized cost and approximate fair value of investment securities

The amortized cost and approximate fair value of investment securities consisted of the following at the dates indicated (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

​

    

Gross

    

Gross

    

Estimated 

​

​

Amortized

​

Unrealized

​

Unrealized 

​

Fair

​

​

Cost

​

 Gains

​

Losses

​

Value

September 30, 2025

 

​

  

 

​

  

 

​

  

 

​

  

Available for sale:

 

​

​

 

​

  

 

​

  

 

​

  

Municipal securities

​

$

36,919

​

$

3

​

$

(5,081)

​

$

31,841

Agency securities

​

 

32,953

​

​

—

​

​

(2,019)

​

​

30,934

Real estate mortgage investment conduits (1)

​

 

27,286

​

​

—

​

​

(4,396)

​

​

22,890

Residential mortgage-backed securities (1)

​

 

9,592

​

​

13

​

​

(436)

​

​

9,169

Other mortgage-backed securities (2)

​

 

25,871

​

​

3

​

​

(2,261)

​

​

23,613

Total available for sale

​

$

132,621

​

$

19

​

$

(14,193)

​

$

118,447

​

​

​

​

​

​

​

​

​

​

​

​

​

Held to maturity:

​

 

​

​

​

​

​

​

​

​

​

​

Municipal securities

​

$

10,283

​

$

—

​

$

(2,492)

​

$

7,791

Agency securities

​

​

42,329

​

​

—

​

​

(1,948)

​

​

40,381

Real estate mortgage investment conduits (1)

​

​

26,828

​

​

—

​

​

(3,552)

​

​

23,276

Residential mortgage-backed securities (1)

​

​

96,322

​

​

—

​

​

(13,252)

​

​

83,070

Other mortgage-backed securities (3)

​

​

16,997

​

​

—

​

​

(2,203)

​

​

14,794

Total held to maturity

​

$

192,759

​

$

—

​

$

(23,447)

​

$

169,312

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

​

    

Gross

    

Gross

    

​

​

​

​

Amortized

​

Unrealized 

​

Unrealized

​

Estimated 

​

​

Cost

​

Gains

​

 Losses

​

Fair Value

March 31, 2025

 

​

  

 

​

  

 

​

  

 

​

  

Available for sale:

 

​

  

 

​

  

 

​

  

 

​

  

Municipal securities

​

$

37,280

​

$

1

​

$

(6,262)

​

$

31,019

Agency securities

​

 

32,944

​

​

—

​

​

(2,741)

​

​

30,203

Real estate mortgage investment conduits (1)

​

 

28,597

​

​

—

​

​

(5,107)

​

​

23,490

Residential mortgage-backed securities (1)

​

 

10,802

​

​

13

​

​

(589)

​

​

10,226

Other mortgage-backed securities (2)

​

 

27,317

​

​

4

​

​

(2,823)

​

​

24,498

Total available for sale

​

$

136,940

​

$

18

​

$

(17,522)

​

$

119,436

​

​

​

​

​

​

​

​

​

​

​

​

​

Held to maturity:

​

 

​

​

​

​

​

​

​

​

​

​

Municipal securities

​

$

10,296

​

$

—

​

$

(2,667)

​

$

7,629

Agency securities

​

​

42,279

​

​

—

​

​

(2,723)

​

​

39,556

Real estate mortgage investment conduits (1)

​

​

28,499

​

​

—

​

​

(4,231)

​

​

24,268

Residential mortgage-backed securities (1)

​

​

101,933

​

​

—

​

​

(15,448)

​

​

86,485

Other mortgage-backed securities (3)

​

​

20,072

​

​

—

​

​

(2,618)

​

​

17,454

Total held to maturity

​

$

203,079

​

$

—

​

$

(27,687)

​

$

175,392

​

(1)Comprised of Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”) and Ginnie Mae (“GNMA”) issued securities.
(2)Comprised of U.S. Small Business Administration (“SBA”) issued securities and commercial real estate (“CRE”) secured securities issued by FNMA and FHLMC.
(3)Comprised of FHLMC and FNMA issued securities.
Schedule of contractual maturities of investment securities

The contractual maturities of investment securities as of September 30, 2025 are as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Available for Sale

​

Held to Maturity

​

    

​

​

    

Estimated

    

​

​

    

Estimated

​

​

Amortized

​

Fair 

​

Amortized

​

Fair 

​

​

Cost

​

Value

​

Cost

​

Value

Due in one year or less

​

$

202

​

$

198

​

$

10,829

​

$

10,773

Due after one year through five years

​

 

48,398

​

 

45,668

​

 

28,501

​

 

27,055

Due after five years through ten years

​

 

33,704

​

 

29,794

​

 

20,612

​

 

18,102

Due after ten years

​

 

50,317

​

 

42,787

​

 

132,817

​

 

113,382

Total

​

$

132,621

​

$

118,447

​

$

192,759

​

$

169,312
Schedule of fair value of temporarily impaired investment securities available-for-sale and held to maturity and unrealized losses

The fair value of temporarily impaired investment securities, the amount of unrealized losses and the length of time these unrealized losses existed are as follows at the dates indicated (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Less than 12 months

​

12 months or longer

​

Total

​

    

Estimated

    

​

​

    

Estimated

    

​

​

    

Estimated

    

​

​

​

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

Fair

​

Unrealized

September 30, 2025

​

 Value

​

Losses

​

 Value

​

Losses

​

 Value

​

Losses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Available for sale:

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

​

 

  

Municipal securities

​

$

—

​

$

—

​

$

30,667

​

$

(5,081)

​

$

30,667

​

$

(5,081)

Agency securities

​

 

—

​

 

—

​

 

30,934

​

 

(2,019)

​

 

30,934

​

 

(2,019)

Real estate mortgage investment conduits (1)

​

 

—

​

 

—

​

 

22,890

​

 

(4,396)

​

 

22,890

​

 

(4,396)

Residential mortgage-backed securities (1)

​

 

—

​

 

—

​

 

8,580

​

 

(436)

​

 

8,580

​

 

(436)

Other mortgage-backed securities (2)

​

 

649

​

 

(6)

​

 

22,873

​

 

(2,255)

​

 

23,522

​

 

(2,261)

Total available for sale

​

$

649

​

$

(6)

​

$

115,944

​

$

(14,187)

​

$

116,593

​

$

(14,193)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Held to maturity:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Municipal securities

​

$

—

​

$

—

​

$

7,791

​

$

(2,492)

​

$

7,791

​

$

(2,492)

Agency securities

​

​

—

​

​

—

​

​

40,381

​

​

(1,948)

​

​

40,381

​

​

(1,948)

Real estate mortgage investment conduits (1)

​

​

—

​

​

—

​

​

23,276

​

​

(3,552)

​

​

23,276

​

​

(3,552)

Residential mortgage-backed securities (1)

​

​

—

​

​

—

​

​

83,070

​

​

(13,252)

​

​

83,070

​

​

(13,252)

Other mortgage-backed securities (3)

​

​

—

​

​

—

​

​

14,794

​

​

(2,203)

​

​

14,794

​

​

(2,203)

Total held to maturity

​

$

—

​

$

—

​

$

169,312

​

$

(23,447)

​

$

169,312

​

$

(23,447)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2025

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Available for sale:

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

 

​

  

Municipal securities

​

$

—

​

$

—

​

$

29,849

​

$

(6,262)

​

$

29,849

​

$

(6,262)

Agency securities

​

​

—

​

 

—

​

 

30,203

​

 

(2,741)

​

 

30,203

​

 

(2,741)

Real estate mortgage investment conduits (1)

​

 

—

​

 

—

​

 

23,490

​

 

(5,107)

​

 

23,490

​

 

(5,107)

Residential mortgage-backed securities (1)

​

 

—

​

 

—

​

 

9,540

​

 

(589)

​

 

9,540

​

 

(589)

Other mortgage-backed securities (2)

​

 

418

​

 

(3)

​

 

23,816

​

 

(2,820)

​

 

24,234

​

 

(2,823)

Total available for sale

​

$

418

​

$

(3)

​

$

116,898

​

$

(17,519)

​

$

117,316

​

$

(17,522)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Held to maturity:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Municipal securities

​

$

—

​

$

—

​

$

7,629

​

$

(2,667)

​

$

7,629

​

$

(2,667)

Agency securities

​

​

—

​

​

—

​

​

39,556

​

​

(2,723)

​

​

39,556

​

​

(2,723)

Real estate mortgage investment conduits (1)

​

​

—

​

​

—

​

​

24,268

​

​

(4,231)

​

​

24,268

​

​

(4,231)

Residential mortgage-backed securities (1)

​

​

—

​

​

—

​

​

86,485

​

​

(15,448)

​

​

86,485

​

​

(15,448)

Other mortgage-backed securities (3)

​

​

—

​

​

—

​

​

17,454

​

​

(2,618)

​

​

17,454

​

​

(2,618)

Total held to maturity

​

$

—

​

$

—

​

$

175,392

​

$

(27,687)

​

$

175,392

​

$

(27,687)

​

(1)Comprised of FHLMC, FNMA and GNMA issued securities.
(2)Comprised of SBA and CRE secured securities issued by FHLMC and FNMA.
(3)Comprised of FHLMC and FNMA issued securities.