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Investment Securities (Tables) | 6 Months Ended
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Sep. 30, 2012
INVESTMENT SECURITIES [Abstract] |
Fair Value, Measurement Inputs, Disclosure [Table Text Block] | The following table sets forth the amortized cost and estimated fair value of securities available-for-sale and held-to-maturity at September 30, 2012 :
$ in thousands |  | Amortized |  | Gross Unrealized |  |
|  | Cost |  | Gains |  | Losses |  | Fair-Value
Available-for-Sale: |  |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Government National Mortgage Association |  | $ | 25,217 |  |  | $ | 203 |  |  | $ | (210 | ) |  | $ | 25,210 |
Federal Home Loan Mortgage Corporation |  | 7,500 |  |  | 68 |  |  | (31 | ) |  | 7,537 |
Federal National Mortgage Association |  | 5,204 |  |  | 151 |  |  | — |  |  | 5,355 |
Small Business Association |  | 1,962 |  |  | 34 |  |  | — |  |  | 1,996 |
Other |  | 51 |  |  | — |  |  | — |  |  | 51 |
Total mortgage-backed securities |  | 39,934 |  |  | 456 |  |  | (241 | ) |  | 40,149 |
U.S. Government Agency Securities |  | 43,128 |  |  | 153 |  |  | (20 | ) |  | 43,261 |
U.S. Government Securities |  | 3,102 |  |  | 3 |  |  | — |  |  | 3,105 |
Corporates Bonds |  | 1,904 |  |  | 114 |  |  | — |  |  | 2,018 |
Asset-backed Securities |  | 15,237 |  |  | 48 |  |  | (21 | ) |  | 15,264 |
Other |  | 10,485 |  |  | 180 |  |  | — |  |  | 10,665 |
Total available-for-sale |  | 113,790 |  |  | 954 |  |  | (282 | ) |  | 114,462 |
Held-to-Maturity: |  |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Government National Mortgage Association |  | 5,983 |  |  | 483 |  |  | — |  |  | 6,466 |
Federal Home Loan Mortgage Corporation |  | 2,559 |  |  | 124 |  |  | — |  |  | 2,683 |
Federal National Mortgage Association |  | 1,496 |  |  | 92 |  |  | — |  |  | 1,588 |
Total held-to-maturity mortgage-backed securities |  | 10,038 |  |  | 699 |  |  | — |  |  | 10,737 |
Total securities |  | $ | 123,828 |  |  | $ | 1,653 |  |  | $ | (282 | ) |  | $ | 125,199 |
The following table sets forth the amortized cost and estimated fair value of securities available-for-sale and held-to-maturity at March 31, 2012:
$ in thousands |  | Amortized |  | Gross Unrealized |  | Estimated
|  | Cost |  | Gains |  | Losses |  | Fair-Value
Available-for-Sale: |  |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Government National Mortgage Association |  | $ | 31,100 |  |  | $ | 269 |  |  | $ | (23 | ) |  | $ | 31,346 |
Federal Home Loan Mortgage Corporation |  | 7,468 |  |  | 8 |  |  | (1 | ) |  | 7,475 |
Federal National Mortgage Association |  | 7,214 |  |  | 50 |  |  | (1 | ) |  | 7,263 |
Total mortgage-backed securities |  | 45,782 |  |  | 327 |  |  | (25 | ) |  | 46,084 |
U.S. Government Agency Securities |  | 23,176 |  |  | 91 |  |  | (63 | ) |  | 23,204 |
U.S. Government Securities |  | 3,356 |  |  | 6 |  |  | (1 | ) |  | 3,361 |
Corporate Bonds |  | 1,890 |  |  | 58 |  |  | — |  |  | 1,948 |
Other |  | 10,536 |  |  | — |  |  | (27 | ) |  | 10,509 |
Total available-for-sale |  | 84,740 |  |  | 482 |  |  | (116 | ) |  | 85,106 |
Held-to-Maturity: |  |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Government National Mortgage Association |  | 6,659 |  |  | 473 |  |  | — |  |  | 7,132 |
Federal Home Loan Mortgage Corporation |  | 2,794 |  |  | 134 |  |  | — |  |  | 2,928 |
Federal National Mortgage Association |  | 1,628 |  |  | 86 |  |  | — |  |  | 1,714 |
Total held-to-maturity mortgage-backed securities |  | 11,081 |  |  | 693 |  |  | — |  |  | 11,774 |
Total securities |  | $ | 95,821 |  |  | $ | 1,175 |  |  | $ | (116 | ) |  | $ | 96,880 |
Schedule of Unrealized Loss on Investments [Table Text Block] | The following table sets forth the unrealized losses and fair value of securities at March 31, 2012 for less than 12 months and 12 months or longer:
$ in thousands |  | Less than 12 months |  | 12 months or longer |  | Total
|  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value
Available-for-Sale: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | (25 | ) |  | $ | 13,699 |  |  | $ | — |  |  | $ | — |  |  | $ | (25 | ) |  | $ | 13,699 |
U.S. Government Agency Securities |  | (63 | ) |  | 9,917 |  |  | — |  |  | — |  |  | (63 | ) |  | 9,917 |
U.S. Government Securities |  | (1 | ) |  | 1,555 |  |  | — |  |  | — |  |  | (1 | ) |  | 1,555 |
Others |  | (27 | ) |  | 9,973 |  |  | — |  |  | — |  |  | (27 | ) |  | 9,973 |
Total available-for-sale securities |  | (116 | ) |  | 35,144 |  |  | — |  |  | — |  |  | (116 | ) |  | 35,144 |
The following table sets forth the unrealized losses and fair value of securities at September 30, 2012 for less than 12 months and 12 months or longer:
$ in thousands |  | Less than 12 months |  | 12 months or longer |  | Total
|  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value
Available-for-Sale: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | (188 | ) |  | $ | 17,123 |  |  | $ | (53 | ) |  | $ | 3,986 |  |  | $ | (241 | ) |  | $ | 21,109 |
Asset-backed securities |  | (21 | ) |  | 6,716 |  |  | — |  |  | — |  |  | (21 | ) |  | 6,716 |
U.S. Government Agency Securities |  | (20 | ) |  | 11,044 |  |  | — |  |  | — |  |  | (20 | ) |  | 11,044 |
U.S. Government Securities |  | — |  |  | 1,552 |  |  | — |  |  | — |  |  | — |  |  | 1,552 |
Total available-for-sale securities |  | (229 | ) |  | 36,435 |  |  | (53 | ) |  | 3,986 |  |  | (282 | ) |  | 40,421 |
Investments Classified by Contractual Maturity Date [Table Text Block] | INVESTMENT SECURITIES The Bank utilizes mortgage-backed and other investment securities in its asset/liability management strategy. In making investment decisions, the Bank considers, among other things, its yield and interest rate objectives, its interest rate and credit risk position and its liquidity and cash flow. Generally, the investment policy of the Bank is to invest funds among categories of investments and maturities based upon the Bank’s asset/liability management policies, investment quality, loan and deposit volume and collateral requirements, liquidity needs and performance objectives. ASC subtopic 320-942 requires that securities be classified into three categories: trading, held-to-maturity, and available-for-sale. At September 30, 2012, the Bank had no securities classified as trading. At September 30, 2012, $114.5 million, or 91.9%, of the Bank’s mortgage-backed and other investment securities, were classified as available-for-sale. The remaining $10.0 million, or 8.1%, were classified as held-to-maturity. The following table sets forth the amortized cost and estimated fair value of securities available-for-sale and held-to-maturity at September 30, 2012 :
$ in thousands |  | Amortized |  | Gross Unrealized |  |
|  | Cost |  | Gains |  | Losses |  | Fair-Value
Available-for-Sale: |  |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Government National Mortgage Association |  | $ | 25,217 |  |  | $ | 203 |  |  | $ | (210 | ) |  | $ | 25,210 |
Federal Home Loan Mortgage Corporation |  | 7,500 |  |  | 68 |  |  | (31 | ) |  | 7,537 |
Federal National Mortgage Association |  | 5,204 |  |  | 151 |  |  | — |  |  | 5,355 |
Small Business Association |  | 1,962 |  |  | 34 |  |  | — |  |  | 1,996 |
Other |  | 51 |  |  | — |  |  | — |  |  | 51 |
Total mortgage-backed securities |  | 39,934 |  |  | 456 |  |  | (241 | ) |  | 40,149 |
U.S. Government Agency Securities |  | 43,128 |  |  | 153 |  |  | (20 | ) |  | 43,261 |
U.S. Government Securities |  | 3,102 |  |  | 3 |  |  | — |  |  | 3,105 |
Corporates Bonds |  | 1,904 |  |  | 114 |  |  | — |  |  | 2,018 |
Asset-backed Securities |  | 15,237 |  |  | 48 |  |  | (21 | ) |  | 15,264 |
Other |  | 10,485 |  |  | 180 |  |  | — |  |  | 10,665 |
Total available-for-sale |  | 113,790 |  |  | 954 |  |  | (282 | ) |  | 114,462 |
Held-to-Maturity: |  |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Government National Mortgage Association |  | 5,983 |  |  | 483 |  |  | — |  |  | 6,466 |
Federal Home Loan Mortgage Corporation |  | 2,559 |  |  | 124 |  |  | — |  |  | 2,683 |
Federal National Mortgage Association |  | 1,496 |  |  | 92 |  |  | — |  |  | 1,588 |
Total held-to-maturity mortgage-backed securities |  | 10,038 |  |  | 699 |  |  | — |  |  | 10,737 |
Total securities |  | $ | 123,828 |  |  | $ | 1,653 |  |  | $ | (282 | ) |  | $ | 125,199 |
The following table sets forth the amortized cost and estimated fair value of securities available-for-sale and held-to-maturity at March 31, 2012:
$ in thousands |  | Amortized |  | Gross Unrealized |  | Estimated
|  | Cost |  | Gains |  | Losses |  | Fair-Value
Available-for-Sale: |  |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Government National Mortgage Association |  | $ | 31,100 |  |  | $ | 269 |  |  | $ | (23 | ) |  | $ | 31,346 |
Federal Home Loan Mortgage Corporation |  | 7,468 |  |  | 8 |  |  | (1 | ) |  | 7,475 |
Federal National Mortgage Association |  | 7,214 |  |  | 50 |  |  | (1 | ) |  | 7,263 |
Total mortgage-backed securities |  | 45,782 |  |  | 327 |  |  | (25 | ) |  | 46,084 |
U.S. Government Agency Securities |  | 23,176 |  |  | 91 |  |  | (63 | ) |  | 23,204 |
U.S. Government Securities |  | 3,356 |  |  | 6 |  |  | (1 | ) |  | 3,361 |
Corporate Bonds |  | 1,890 |  |  | 58 |  |  | — |  |  | 1,948 |
Other |  | 10,536 |  |  | — |  |  | (27 | ) |  | 10,509 |
Total available-for-sale |  | 84,740 |  |  | 482 |  |  | (116 | ) |  | 85,106 |
Held-to-Maturity: |  |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Government National Mortgage Association |  | 6,659 |  |  | 473 |  |  | — |  |  | 7,132 |
Federal Home Loan Mortgage Corporation |  | 2,794 |  |  | 134 |  |  | — |  |  | 2,928 |
Federal National Mortgage Association |  | 1,628 |  |  | 86 |  |  | — |  |  | 1,714 |
Total held-to-maturity mortgage-backed securities |  | 11,081 |  |  | 693 |  |  | — |  |  | 11,774 |
Total securities |  | $ | 95,821 |  |  | $ | 1,175 |  |  | $ | (116 | ) |  | $ | 96,880 |
The following table sets forth the unrealized losses and fair value of securities at September 30, 2012 for less than 12 months and 12 months or longer:
$ in thousands |  | Less than 12 months |  | 12 months or longer |  | Total
|  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value
Available-for-Sale: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | (188 | ) |  | $ | 17,123 |  |  | $ | (53 | ) |  | $ | 3,986 |  |  | $ | (241 | ) |  | $ | 21,109 |
Asset-backed securities |  | (21 | ) |  | 6,716 |  |  | — |  |  | — |  |  | (21 | ) |  | 6,716 |
U.S. Government Agency Securities |  | (20 | ) |  | 11,044 |  |  | — |  |  | — |  |  | (20 | ) |  | 11,044 |
U.S. Government Securities |  | — |  |  | 1,552 |  |  | — |  |  | — |  |  | — |  |  | 1,552 |
Total available-for-sale securities |  | (229 | ) |  | 36,435 |  |  | (53 | ) |  | 3,986 |  |  | (282 | ) |  | 40,421 |
The following table sets forth the unrealized losses and fair value of securities at March 31, 2012 for less than 12 months and 12 months or longer:
$ in thousands |  | Less than 12 months |  | 12 months or longer |  | Total
|  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value
Available-for-Sale: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | (25 | ) |  | $ | 13,699 |  |  | $ | — |  |  | $ | — |  |  | $ | (25 | ) |  | $ | 13,699 |
U.S. Government Agency Securities |  | (63 | ) |  | 9,917 |  |  | — |  |  | — |  |  | (63 | ) |  | 9,917 |
U.S. Government Securities |  | (1 | ) |  | 1,555 |  |  | — |  |  | — |  |  | (1 | ) |  | 1,555 |
Others |  | (27 | ) |  | 9,973 |  |  | — |  |  | — |  |  | (27 | ) |  | 9,973 |
Total available-for-sale securities |  | (116 | ) |  | 35,144 |  |  | — |  |  | — |  |  | (116 | ) |  | 35,144 |
A total of 13 securities had an unrealized loss at September 30, 2012 compared to 14 at March 31, 2012. The majority of the securities in an unrealized loss position were mortgage-backed securities, U.S. Government Agency securities, asset-backed securities and U.S. Treasury securities, representing 42.4%, 16.6%, 27.3% and 3.8% of total securities in an unrealized loss position that had an unrealized loss for less than 12 months at September 30, 2012. One security representing 9.9% of those securities in an unrealized loss position had an unrealized loss for more than 12 months at September 30, 2012. Given the U.S. government's guarantees of the mortgage-backed and agency securities and U.S. Treasury Notes, there is no reason to believe that these securities will experience permanent impairment. Management believes that these unrealized losses are a direct result of the current rate environment and will recover as the economic conditions improve. On the two impaired asset-backed securities, the credit ratings from Moody's and Standard & Poor's were triple and double 'A' for the respective securities. Management believes that these securities impairments are due to interest rate cycles and will not be permanent. For the quarter ended September 30, 2012, there was a Government National Mortgage Association security impaired for more than 12 months. Management believes that this security impairment is due to interest rate cycle and intends to keep the security in the portfolio for the foreseeable future. Given the Bank's ample liquidity, the bank also has the ability to hold this security in the portfolio. Following FASB guidance, the amount of an other-than-temporary impairment, when there are credit and non-credit losses on a debt security which management does not intend to sell, and for which it is more-likely-than-not that the entity will not be required to sell the security prior to the recovery of the non-credit impairment, the portion of the total impairment that is attributable to the credit loss would be recognized in earnings, and the remaining difference between the debt security’s amortized cost basis and its fair value would be included in other comprehensive loss. At September 30, 2012, the Bank does not have any other securities that may be classified as having other than temporary impairment in its investment portfolio. The following is a summary of the carrying value (amortized cost) and fair value of securities at September 30, 2012, by remaining period to contractual maturity (ignoring earlier call dates, if any). Actual maturities may differ from contractual maturities because certain security issuers have the right to call or prepay their obligations. The table below does not consider the effects of possible prepayments or unscheduled repayments.
$ in thousands | Amortized Cost |  | Fair Value |  | Weighted Average Yield
Available-for-Sale: |  |  |  |  |
Less than one year | $ | 3,103 |  |  | $ | 3,105 |  |  | 0.39 | %
One through five years | 9,898 |  |  | 10,074 |  |  | 1.53 | %
Five through ten years | 30,615 |  |  | 30,778 |  |  | 1.58 | %
After ten years | 70,174 |  |  | 70,505 |  |  | 1.46 | %
Total | 113,790 |  |  | 114,462 |  |  | 1.46 | %
Held-to-maturity: |  |  |  |  |
Five through ten years | 204 |  |  | 214 |  |  | 3.92 | %
After ten years | 9,834 |  |  | 10,523 |  |  | 4.09 | %
Total | $ | 10,038 |  |  | $ | 10,737 |  |  | 4.09 | %

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- Definition Tabular disclosure of the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) 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 or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods. Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 10 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19296-110258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. 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- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
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- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 320 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 6 -Section 50 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 + Details
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