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Employee Benefit and Stock Compensation Plans (Tables)
 12 Months Ended
Mar. 31, 2013
Plan's changes in benefit obligation [Abstract]  
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
The following table sets forth the plan's changes in benefit obligation, changes in plan assets and funded status and amounts recognized in Carver Federal's consolidated financial statements at March 31:
$ in thousands
2013
 
2012
Change in benefit obligation:
 
 
 
Benefit obligation at the beginning of year
$
2,614

 
$
2,406

Interest cost
106

 
122

Actuarial gain
53

 
272

Benefits paid
(390
)
 
(179
)
Settlements
43

 
(7
)
Benefit obligation at end of year
$
2,426

 
$
2,614

Change in fair value of plan assets:
 
 
 
Fair value of plan assets at beginning of year
$
2,251

 
$
2,115

Actual return on plan assets
160

 
72

Contributions
—

 
250

Benefits paid
(190
)
 
(179
)
Settlements
(198
)
 
(7
)
Fair value of plan assets at end of year
$
2,023

 
$
2,251

 
 
 
 
Funded status
$
(403
)
 
$
(363
)
Accrued pension cost
$
(403
)
 
$
(363
)
Schedule of Net Benefit Costs [Table Text Block]
Net periodic pension benefit includes the following components for the years ended March 31:

$ in thousands
2013
 
2012
 
2011
Interest cost
$
106

 
$
122

 
$
131

Unrecognized loss
45

 
61

 
54

Settlement charge
100

 
—

 
—

Expected return on plan assets
(176
)
 
(163
)
 
(152
)
Net periodic pension benefit
$
75

 
$
20

 
$
33
Schedule of Assumptions Used [Table Text Block]
Significant actuarial assumptions used in determining plan benefits for the years ended March 31 are as follows:
 
2013
 
2012
 
2011
Annual salary increase (1)
—

 
—

 
—

Expected long-term return on assets
8.00
%
 
8.00
%
 
8.00
%
Discount rate used in measurement of benefit obligations
3.75
%
 
4.18
%
 
5.25
%
(1) 
The annual salary increase rate is not applicable as the plan is frozen and no new benefits accrue.
Plan Assets held by Carver federal Plan at Fair Value by Level [Table Text Block]
The following table presents the plan assets held by the Carver Federal Plan as of March 31, 2013 at fair value by level within the fair value hierarchy under ASC Topic 820. Financial assets are classified in their entirety based upon the lowest level of input that is significant to their fair value measurement. See Note 15 for further details regarding the fair value hierarchy.

 
 
 
Quoted Prices in Active Markets for Identical Assets
 
Significant Other
Observable
Inputs
 
Significant
Unobservable
Inputs
$ in thousands
Total
 
(Level 1)
 
(Level 2)
 
(Level 3)
Mutual Funds
$
2,023

  
$
—

  
$
2,023

  
$
—


The Mutual Funds contains a mix of equity and debt securities. The portfolio is invested in 84 % domestic and 16% international funds.
Schedule of Allocation of Plan Assets [Table Text Block]
The weighted average asset allocations for Carver Federal's Plan as of March 31, 2013 and 2012, were as follows:

 
At March 31,
Asset
2013
 
2012
Equity securities
61%
 
67%
Debt securities
39%
 
33%
Total
100%
 
100%
Schedule of Expected Benefit Payments [Table Text Block]

The following annuity payments, which reflect expected future service, as appropriate, are expected to be paid by Carver Federal's Plan during the years indicated:

Year
Amount
2014
166

2015
161

2016
155

2017
162

2018
156

2019-2022
720

Total
$
1,520
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Information regarding stock options as of and for the years ended March 31 is as follows:

 
2013
 
2012
 
2011
 
Options (1)
 
Weighted
Average
Exercise
Price
 
Options (1)
 
Weighted
Average
Exercise
Price
 
Options (1)
 
Weighted
Average
Exercise
Price
Outstanding, beginning of year
7,362

 
$
235.00

 
10,244

 
$
216.75

 
12,715

 
$
204.00

Granted
—

 
—

 
—

 
—

 
200

 
97.50

Exercised
—

 
—

 
—

 
—

 
—

 
—

Expired/Forfeited
(2,000
)
 
180.9

 
(2,882
)
 
170.08

 
(2,671
)
 
147.30

Outstanding, end of year
5,362

 
255.17

 
7,362

 
235.00

 
10,244

 
216.75

Exercisable, at year end
5,229

 
 
 
6,696

 
 
 
9,578

 
 
(1) Options for all periods presented reflects a 1-for-15 reverse stock split which was effective on October 27, 2011
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block]
Information regarding stock options as of and for the year ended March 31, 2013 is as follows :
 
 
 
Options Outstanding
 
Options Exercisable
Range of
Exercise Prices
 
Shares
 
Weighted
Average
Remaining
Life
 
Weighted
Average
Exercise
Price
 
Shares
 
Weighted
Average
Exercise
Price
$
90.00

$
104.85

 
133

 
7.36 years
 
$97.50
 
—

 
$97.50
240.00

254.85

 
3,233

 
2.32 years
 
248.77
 
3,233

 
16.55
255.00

269.85

 
996

 
2.18 years
 
257.63
 
996

 
257.63
285.00

299.85

 
1,000

 
1.23 years
 
294.45
 
1,000

 
294.45
 Total
 
 
5,362

 
 
 
 
 
5,229

 
 
Option pricing model assumptions [Table Text Block]
The fair value of the option grants was estimated on the date of the grant using the Black-Scholes option pricing model applying the following weighted average assumptions for the years ended March 31:

 
2013
 
2012
 
2011
Risk-free interest rate
N/A
 
N/A
 
0.0347
Volatility
N/A
 
N/A
 
0.23
Annual dividends
N/A
 
 N/A
 
$50
Expected life of option grants
N/A
 
N/A
 
10 yrs