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Borrowings
 6 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Borrowings

Note 5 - Borrowings

The Company had $8.5 million in overnight borrowings outstanding from the Federal Home Loan Bank ("FHLB") of Topeka as of September 30, 2025. The Company had no outstanding borrowings as of March 31, 2025.

The following table shows certain information regarding our borrowings at or for the dates indicated:

 

 

For the three months ended September 30,

 

 

For the six months ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

FHLB of Topeka advances and other borrowings:

 

(Dollars in thousands)

 

 

(Dollars in thousands)

 

Average balance outstanding

 

$

3,091

 

 

$

5,208

 

 

$

1,621

 

 

$

3,463

 

Outstanding advances with the FHLB of Topeka at any month-end during the period

 

 

8,500

 

 

 

8,000

 

 

 

8,500

 

 

 

8,000

 

Outstanding advances with a private banker's bank at any month-end during the period

 

 

—

 

 

 

459

 

 

 

—

 

 

 

459

 

Total maximum amount outstanding at any month-end during the period

 

$

8,500

 

 

$

8,459

 

 

$

8,500

 

 

$

8,459

 

Average interest rate during the period

 

 

4.53

%

 

 

5.68

%

 

 

4.57

%

 

 

5.72

%

 

 

 

September 30, 2025

 

 

March 31, 2025

 

 

 

(Dollars in thousands)

 

Outstanding advances with the FHLB of Topeka

 

$

8,500

 

 

$

—

 

Additional borrowing capacity

 

 

37,028

 

 

 

45,534

 

Total borrowing capacity

 

$

45,528

 

 

$

45,534

 

The Association had remaining availability for FHLB borrowings of approximately $32.0 million at September 30, 2025 and $40.5 million at March 31, 2025. The FHLB has sole discretion to deny additional advances. $31,000 of investment securities and $54.0 million of loans were pledged as collateral for FHLB advances at September 30, 2025.

Additionally, the Association had the capacity to borrow $5.0 million at September 30, 2025 and March 31, 2025, from a private bankers’ bank.