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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2013

INCOME TAXES [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of income tax expense (benefit) for the years ended March 31 are as follow:

$ in thousands		2013				2012				2011
Federal income tax expense (benefit):
Current		$	149			$	(1,067	)		$	751
Deferred		(1,024		)		(1,080		)		14,106
Valuation allowance		1,024				1,080				—
		149				(1,067		)		14,857
State and local income tax expense (benefit):
Current		179				106				170
Deferred		229				(1,755		)		691
Valuation allowance		(229		)		1,755				—
		179				106				861
Total income tax expense (benefit)		$	328			$	(961	)		$	15,718

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following is a reconciliation of the expected Federal income tax rate to the consolidated effective tax rate for the years ended March 31:

$ in thousands	2013							2012							2011
	Amount				Percent			Amount				Percent			Amount				Percent
Statutory Federal income tax expense (benefit)	$	337			34.0	%		$	(8,285	)		34.0	%		$	(8,095	)		34.0	%
State and local income taxes, net of     Federal tax benefit	49				4.9	%		(1,541		)		6.3	%		(293		)		1.2	%
General business credit	(32		)		(3.3	)%		(32		)		0.1	%		(32		)		0.1	%
Tax gain on sale of NMTC	—				—	%		—				—	%		4,905				(20.6	)%
Valuation Allowance	795				80.3	%		2,835				(11.6	)%		18,870				(79.3	)%
Write off DTA due to Section 382 limitation	(1,363		)		(137.7	)%		6,089				(25.0	)%		—				—	%
True-ups/Adjustments	524				53.1	%		—				—	%		—				—	%
Other	18				1.8	%		(27		)		0.1	%		363				(1.5	)%
Total income tax expense (benefit)	328				33.1	%		(961		)		3.9	%		15,718				(66.0	)%

Temporary difference portions of deferred tax assets liabilities [Table Text Block]

Tax effects of existing temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities are included in other assets at March 31 as follows:

$ in thousands	2013				2012
Deferred Tax Assets:
Allowance for loan losses	$	3,318			$	7,215
Deferred loan costs, net	366				469
Non-accrual loan interest	2,265				2,911
Purchase accounting adjustment	144				170
Net operating loss carryforward	10,289				6,572
New markets tax credit	3,274				1,879
Depreciation	701				561
Minimum pension liability	110				110
Market value adjustment on HFS loans	1,608				1,608
Other	601				570
Total Deferred Tax Assets	22,676				22,065
Deferred Tax Liabilities:
Income from affiliate	176				361
Unrealized gain on available-for-sale securities	394				139
Total Deferred Tax Liabilities	570				500
Valuation Allowance	$	(22,106	)		$	(21,565	)
Net Deferred Tax Assets	$	—			$	—

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Temporary difference portions of deferred tax assets liabilities [Table Text Block]

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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