XML 104 R28.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Investment Securities (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2013 | Mar. 31, 2012
INVESTMENT SECURITIES [Abstract] |  |
Fair Value, Measurement Inputs, Disclosure [Table Text Block] | he following table sets forth the amortized cost and estimated fair value of securities available-for-sale and held-to-maturity at March 31, 2013:
$ in thousands | Amortized |  | Gross Unrealized |  | Estimated
| Cost |  | Gains |  | Losses |  | Fair-Value
Available-for-Sale: |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |
Government National Mortgage Association | $ | 23,164 |  |  | $ | 676 |  |  | $ | — |  |  | $ | 23,840 |
Federal Home Loan Mortgage Corporation | 16,059 |  |  | 104 |  |  | (104 | ) |  | 16,059 |
Federal National Mortgage Association | 4,186 |  |  | 117 |  |  | — |  |  | 4,303 |
Other | 50 |  |  | — |  |  | — |  |  | 50 |
Total mortgage-backed securities | 43,459 |  |  | 897 |  |  | (104 | ) |  | 44,252 |
U.S. Government Agency Securities | 44,363 |  |  | 139 |  |  | (177 | ) |  | 44,325 |
Asset Backed Securities | 15,268 |  |  | 251 |  |  | — |  |  | 15,519 |
Small Business Administration | 1,919 |  |  | 45 |  |  | — |  |  | 1,964 |
Other | 10,000 |  |  | — |  |  | (9 | ) |  | 9,991 |
Total available-for-sale | 115,009 |  |  | 1,332 |  |  | (290 | ) |  | 116,051 |
Held-to-Maturity: |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |
Government National Mortgage Association | 5,335 |  |  | 404 |  |  | — |  |  | 5,739 |
Federal Home Loan Mortgage Corporation | 2,387 |  |  | 103 |  |  | — |  |  | 2,490 |
Federal National Mortgage Association | 1,321 |  |  | 79 |  |  | — |  |  | 1,400 |
Total mortgage-backed securities | 9,043 |  |  | 586 |  |  | — |  |  | 9,629 |
Total held-to-maturity | 9,043 |  |  | 586 |  |  | — |  |  | 9,629 |
Total securities | $ | 124,052 |  |  | $ | 1,918 |  |  | $ | (290 | ) |  | $ | 125,680 |
| 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 |
Other | 51 |  |  | — |  |  | — |  |  | 51 |
Total mortgage-backed securities | 45,833 |  |  | 327 |  |  | (25 | ) |  | 46,135 |
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 | 10,485 |  |  | — |  |  | (27 | ) |  | 10,458 |
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 mortgage-backed securities | 11,081 |  |  | 693 |  |  | — |  |  | 11,774 |
Total held-to-maturity | 11,081 |  |  | 693 |  |  | — |  |  | 11,774 |
Total securities | $ | 95,821 |  |  | $ | 1,175 |  |  | $ | (116 | ) |  | $ | 96,880 |
Sales and Calls of AFS portfolio [Table Text Block] | The following is a summary regarding proceeds from securities sales of the available-for-sale portfolio for the years ended March 31:
$ in thousands | 2013 |  | 2012 |  | 2011
Available-for-Sale: |  |  |  |  |
Proceeds | $ | 31,567 |  |  | $ | 16,847 |  |  | $ | 48,399 |
Gross gains | 174 |  |  | 8 |  |  | 871 |
Gross losses | — |  |  | — |  |  | 107 |
Unrealized Gain (Loss) on Investments [Table Text Block] | The following table sets forth the unrealized losses and fair value of securities in an unrealized loss position at March 31, 2013 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 | $ | (104 | ) |  | $ | 10,298 |  |  | $ | — |  |  | $ | — |  |  | $ | (104 | ) |  | $ | 10,298 |
U.S. Government Agency Securities | (177 | ) |  | 25,290 |  |  | — |  |  | — |  |  | (177 | ) |  | 25,290 |
Others | (9 | ) |  | 9,991 |  |  | — |  |  | — |  |  | (9 | ) |  | 9,991 |
Total available-for-sale securities | (290 | ) |  | 45,579 |  |  | — |  |  | — |  |  | (290 | ) |  | 45,579 |
Schedule of Unrealized Loss on Investments [Table Text Block] |  | The following table sets forth the unrealized losses and fair value of securities in an unrealized loss position 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 | $ | (116 | ) |  | $ | 35,144 |  |  | $ | — |  |  | $ | — |  |  | $ | (116 | ) |  | $ | 35,144 |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block] | The following is a summary of the carrying value (amortized cost) and fair value of securities at March 31, 2013, 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 Avg Rate
Available-for-Sale: |  |  |  |  |
One through five years | 999 |  |  | 1,045 |  |  | 2.00 | %
Five through ten years | 32,553 |  |  | 32,807 |  |  | 1.51 | %
After ten years | 81,457 |  |  | 82,199 |  |  | 2.64 | %
| $ | 115,009 |  |  | $ | 116,051 |  |  | 2.31 | %
Held-to-maturity: |  |  |  |  |
One through five years | $ | 9 |  |  | $ | 9 |  |  | 2.32 | %
Five through ten years | 171 |  |  | 179 |  |  | 4.43 | %
After ten years | 8,863 |  |  | 9,441 |  |  | 4.32 | %
| $ | 9,043 |  |  | $ | 9,629 |  |  | 4.32 | %
The carrying amounts and estimated fair values of the Bank's financial instruments and estimation methodologies at March 31 are as follows:
$ in thousands |  | March 31, 2013
|  | 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 |  | $ | 104,646 |  |  | $ | 104,646 |  |  | $ | 104,646 |  |  | $ | — |  |  | $ | — |
Restricted cash |  | 10,666 |  |  | 10,666 |  |  | — |  |  | 10,666 |  |  | — |
Securities available-for-sale |  | 116,051 |  |  | 116,051 |  |  | — |  |  | 116,000 |  |  | 51 |
FHLB Stock |  | 3,503 |  |  | 3,503 |  |  | — |  |  | 3,503 |  |  | — |
Securities held-to-maturity |  | 9,043 |  |  | 9,629 |  |  | — |  |  | 9,629 |  |  | — |
Loans receivable |  | 359,133 |  |  | 366,433 |  |  | — |  |  | — |  |  | 366,433 |
Loans held-for-sale |  | 13,107 |  |  | 13,107 |  |  | — |  |  | 13,107 |  |  | — |
Accrued interest receivable |  | 2,247 |  |  | 2,247 |  |  | — |  |  | 2,247 |  |  | — |
Mortgage servicing rights |  | 275 |  |  | 275 |  |  | — |  |  | — |  |  | 275 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 495,716 |  |  | $ | 488,323 |  |  | $ | 287,625 |  |  | $ | 200,698 |  |  | $ | — |
Advances from FHLB of New York |  | 58,000 |  |  | 58,697 |  |  | — |  |  | 58,697 |  |  | — |
Other borrowed money |  | 18,403 |  |  | 18,900 |  |  | — |  |  | 18,900 |  |  | — |
$ 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 |  |  | — |

X
- Details
Name: | carv_InvestmentSecuritiesAbstract
Namespace Prefix: | carv_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Sales and Calls of AFS portfolio [Table Text Block] + References No definition available. + Details
Name: | carv_SalesAndCallsOfAfsPortfolioTableTextBlock
Namespace Prefix: | carv_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis. + References Reference 1: 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 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 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 4: 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=7578670&loc=d3e19279-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 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=7578670&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. + Details
Name: | us-gaap_FairValueMeasurementInputsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration