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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Sep. 30, 2025
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

September 30, 2025

    

 Fair Value

    

Level 1

    

Level 2

    

Level 3

Investment securities available for sale:

 

  

 

  

 

  

 

  

Municipal securities

$

31,841

$

$

31,841

$

Agency securities

 

30,934

 

 

30,934

 

Real estate mortgage investment conduits

 

22,890

 

 

22,890

 

Residential mortgage-backed securities

 

9,169

 

 

9,169

 

Other mortgage-backed securities

 

23,613

 

 

23,613

 

Total assets measured at fair value on a recurring basis

$

118,447

$

$

118,447

$

    

Total Estimated 

    

Estimated Fair Value Measurements Using

March 31, 2025

    

 Fair Value

    

Level 1

    

Level 2

    

Level 3

Investment securities available for sale:

 

  

 

  

 

  

 

  

Municipal securities

$

31,019

$

$

31,019

$

Agency securities

 

30,203

 

 

30,203

 

Real estate mortgage investment conduits

 

23,490

 

 

23,490

 

Residential mortgage-backed securities

 

10,226

 

 

10,226

 

Other mortgage-backed securities

 

24,498

 

 

24,498

 

Total assets measured at fair value on a recurring basis

$

119,436

$

$

119,436

$

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

September 30, 2025

 Amount

  

Level 1

Level 2

Level 3

  

Fair Value

Assets:

    

  

    

  

    

  

    

  

    

  

Cash and cash equivalents

$

32,809

$

32,809

$

$

$

32,809

Investment securities available for sale

 

118,447

 

 

118,447

 

 

118,447

Investment securities held to maturity

 

192,759

 

 

169,312

 

 

169,312

Loans receivable, net

 

1,054,764

 

 

 

981,669

 

981,669

FHLB stock

 

3,257

 

 

3,257

 

 

3,257

Liabilities:

 

 

 

 

 

Certificates of deposit

 

254,512

 

 

253,790

 

 

253,790

FHLB advances

 

52,300

 

 

52,242

 

 

52,242

Junior subordinated debentures

 

27,135

 

 

 

19,758

 

19,758

Carrying

Estimated

March 31, 2025

Amount

Level 1

Level 2

Level 3

Fair Value

    

   

    

    

    

Assets:

 

  

 

  

 

  

 

  

 

  

Cash and cash equivalents

$

29,414

$

29,414

$

$

$

29,414

Investment securities available for sale

 

119,436

 

 

119,436

 

 

119,436

Investment securities held to maturity

 

203,079

 

 

175,392

 

 

175,392

Loans receivable, net

 

1,047,086

 

 

 

974,523

 

974,523

FHLB stock

 

4,342

 

 

4,342

 

 

4,342

Liabilities:

 

 

 

 

 

Certificates of deposit

 

227,459

 

 

226,392

 

 

226,392

FHLB advances

76,400

 

 

76,316

 

 

76,316

Junior subordinated debentures

 

27,091

 

 

 

19,650

 

19,650