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Fair Value of Financial Instruments (Tables)
6 Months Ended
Sep. 30, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary of Carrying Amounts and Estimated Fair Values by Fair Value Hierarchy of Certain Financial Instruments

The carrying amounts and estimated fair values by fair value hierarchy of certain financial instruments are as follows:

 

 

 

Measurements at Reporting Date Using

 

 

 

Carrying
Amount

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Estimated
Fair Value

 

 

 

(Dollars in thousands)

 

September 30, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans, net

 

$

416,797

 

 

$

 

 

$

 

 

$

404,325

 

 

$

404,325

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest-bearing deposits

 

$

344,210

 

 

$

 

 

$

306,371

 

 

$

 

 

$

306,371

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans, net

 

$

396,756

 

 

$

 

 

$

 

 

$

380,967

 

 

$

380,967

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest-bearing deposits

 

$

351,704

 

 

$

 

 

$

308,114

 

 

$

 

 

$

308,114

 

Fair Value, Recurring  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary of Fair Value, Asset Measured on Recurring and Nonrecurring Basis The Association does not have any other assets or liabilities measured at fair value on a recurring basis as of September 30, 2025 or March 31, 2025.

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

Estimated
Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(Dollars in thousands)

 

September 30, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Securities Available-for-sale

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-Backed Securities

 

$

52,172

 

 

$

 

 

$

52,172

 

 

$

 

Municipal Bonds

 

 

7,498

 

 

 

 

 

 

7,498

 

 

 

 

Total

 

$

59,670

 

 

$

 

 

$

59,670

 

 

$

 

March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Securities Available-for-sale

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage-Backed Securities

 

$

52,123

 

 

$

 

 

$

52,123

 

 

$

 

Municipal Bonds

 

 

7,246

 

 

 

 

 

 

7,246

 

 

 

 

Total

 

$

59,369

 

 

$

 

 

$

59,369

 

 

$

 

Fair Value, Nonrecurring  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary of Fair Value, Asset Measured on Recurring and Nonrecurring Basis

The following table presents the fair value measurement of assets and liabilities measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2025 and March 31, 2025:

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

Estimated
Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

 

(Dollars in thousands)

 

September 30, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Financial Assets

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated loans

 

$

 

 

$

 

 

$

 

 

$

 

Total

 

$

 

 

$

 

 

$

 

 

$

 

March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Financial Assets

 

 

 

 

 

 

 

 

 

 

 

 

Individually evaluated loans

 

$

772

 

 

$

 

 

$

 

 

$

772

 

Total

 

$

772

 

 

$

 

 

$

 

 

$

772