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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

 
—