Fair Value of Financial Instruments (Tables)

6 Months Ended

Sep. 30, 2012

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amounts and estimated fair values of the Bank’s financial instruments at September 30, 2012 and March 31, 2012 are as follows:



$ in thousands	September 30, 2012
	Carrying Amount		Estimated Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial Assets:
Cash and cash equivalents	$	92,077	$	92,077	$	92,077	$	—	$	—
Restricted cash	6,415		6,415		6,415		—		—
Securities available-for-sale	114,462		114,462		3,105		111,306		51
FHLB Stock	3,008		3,008		—		3,008		—
Securities held-to-maturity	10,038		10,737		—		10,737		—
Loans receivable	363,542		367,166		—		—		367,166
Loans held-for-sale	26,830		26,830		—		26,830		—
Accrued interest receivable	2,438		2,438		—		2,438		—
Mortgage servicing rights	465		465		—		—		465
Financial Liabilities:
Deposits	$	506,376	$	501,370	$	286,808	$	214,562	$	—
Advances from FHLB of New York	47,011		48,063		—		48,063		—
Other borrowed money	18,403		18,893		—		18,893		—



$ in thousands	March 31, 2012
	Carrying Amount		Estimated Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial Assets:
Cash and cash equivalents	$	91,697	$	91,697	$	91,697	$	—	$	—
Restricted cash	6,415		6,415		6,415		—		—
Securities available-for-sale	85,106		85,106		3,361		81,693		52
FHLB Stock	2,168		2,168		—		2,168		—
Securities held-to-maturity	11,081		11,774		—		11,774		—
Loans receivable	393,037		398,258		—		398,258		—
Loans held-for-sale	29,626		29,626		—		29,626		—
Accrued interest receivable	2,256		2,256		—		2,256		—
Mortgage servicing rights	491		491		—		—		491
Financial Liabilities:
Deposits	$	532,597	$	524,535	$	—	$	305,196	$	219,339
Advances from FHLB of New York	25,026		26,331		—		26,331		—
Other borrowed money	18,403		18,886		—		18,886		—

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

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-Name Statement of Financial Accounting Standard (FAS)

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-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

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-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 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-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 8: http://www.xbrl.org/2003/role/presentationRef

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-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 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-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 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-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.

+ Details