Investment Securities (Tables)

3 Months Ended

Jun. 30, 2015

Investment Securities Amortized Cost and Estimated Fair Value [Table Text Block]

The following table sets forth the amortized cost and estimated fair value of securities available-for-sale and held-to-maturity at June 30, 2015:



	Amortized		Gross Unrealized					Estimated
$ in thousands	Cost		Gains		Losses			Fair-Value
Available-for-Sale:
Mortgage-backed securities:
Government National Mortgage Association	$	5,310	$	5	$	(94	)	$	5,221
Federal Home Loan Mortgage Corporation	10,156		6		(218		)	9,944
Federal National Mortgage Association	10,600		2		(206		)	10,396
Other	46		—		—			46
Total mortgage-backed securities	26,112		13		(518		)	25,607
U.S. Government Agency Securities	51,791		5		(1,088		)	50,708
Other investments	10,982		—		(325		)	10,657
Total available-for-sale	88,885		18		(1,931		)	86,972
Held-to-Maturity^*:
Mortgage-backed securities:
Government National Mortgage Association	2,896		180		—			3,076
Federal National Mortgage Association and Other	12,700		—		(107		)	12,593
Total held-to-maturity mortgage-backed securities	15,596		180		(107		)	15,669
Corporate Bonds	1,000		—		—			1,000
Total held-to maturity	16,596		180		(107		)	16,669
Total securities	$	105,481	$	198	$	(2,038	)	$	103,641

^* The carrying amount and amortized cost are the same for all held-to-maturity securities, as no OTTI has been recorded.

The following table sets forth the amortized cost and estimated fair value of securities available-for-sale and held-to-maturity at March 31, 2015:



	Amortized		Gross Unrealized					Estimated
$ in thousands	Cost		Gains		Losses			Fair Value
Available-for-Sale:
Mortgage-backed securities:
Government National Mortgage Association	$	5,575	$	9	$	(57	)	$	5,527
Federal Home Loan Mortgage Corporation	10,705		10		(127		)	10,588
Federal National Mortgage Association	10,925		35		(103		)	10,857
Other	47		—		—			47
Total mortgage-backed securities	27,252		54		(287		)	27,019
U.S. Government Agency Securities	58,464		48		(662		)	57,850
Other investments	16,514		—		(198		)	16,316
Total available-for-sale	102,230		102		(1,147		)	101,185
Held-to-Maturity^*:
Mortgage-backed securities:
Government National Mortgage Association	3,100		232		—			3,332
Federal National Mortgage Association and Other	8,822		77		—			8,899
Total held-to-maturity mortgage-backed securities	11,922		309		—			12,231
Total held-to-maturity	11,922		309		—			12,231
Total securities	$	114,152	$	411	$	(1,147	)	$	113,416

^* The carrying amount and amortized cost are the same for all held-to-maturity securities, as no OTTI has been recorded.

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 June 30, 2015 for less than 12 months and 12 months or longer:



	Less than 12 months					12 months or longer					Total
$ in thousands	Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value
Available-for-Sale:
Mortgage-backed securities	$	(3	)	$	1,215	$	(515	)	$	20,982	$	(518	)	$	22,197
U.S. Government Agency Securities	(241		)	17,721		(847		)	25,981		(1,088		)	43,702
Other investments ⁽¹⁾	—			—		(325		)	9,675		(325		)	9,675
Total available-for-sale securities	(244		)	18,936		(1,687		)	56,638		(1,931		)	75,574

Held-to-Maturity:
Mortgage-backed securities	(107		)	12,428		—			—		(107		)	12,428
Total held-to-maturity securities	(107		)	12,428		—			—		(107		)	12,428
Total securities	$	(351	)	$	31,364	$	(1,687	)	$	56,638	$	(2,038	)	$	88,002

⁽¹⁾ CRA fund comprised of over 95% agency securities.

The following table sets forth the unrealized losses and fair value of securities in an unrealized loss position at March 31, 2015 for less than 12 months and 12 months or longer:



	Less than 12 months					12 months or longer					Total
$ in thousands	Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value
Available-for-Sale:
Mortgage-backed securities	$	—		$	—	$	(287	)	$	22,297	$	(287	)	$	22,297
U.S. Government Agency Securities	(57		)	12,943		(605		)	26,400		(662		)	39,343
Other investments ⁽¹⁾	—			—		(198		)	9,802		(198		)	9,802
Total available-for-sale securities	(57		)	12,943		(1,090		)	58,499		(1,147		)	71,442
Total securities	$	(57	)	$	12,943	$	(1,090	)	$	58,499	$	(1,147	)	$	71,442

Investments Classified by Contractual Maturity Date [Table Text Block]

The table below does not consider the effects of possible prepayments or unscheduled repayments.



$ in thousands	Amortized Cost		Fair Value		Weighted Average Yield
Available-for-Sale:
One through five years	15,982		15,897		1.38	%
Five through ten years	21,694		21,183		1.97	%
After ten years	51,208		49,892		2.02	%
Total	$	88,884	$	86,972	1.89	%

Held-to-maturity:
Five through ten years	$	6,211	$	6,237	2.56	%
After ten years	10,385		10,432		2.53	%
Total	$	16,596	$	16,669	2.54	%