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Fair Value of Financial Instruments (Tables)

3 Months Ended

Jun. 30, 2015

FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amounts and estimated fair values of the Bank’s financial instruments and estimation methodologies at June 30, 2015 and March 31, 2015 are as follows:



		June 30, 2015
$ in thousands		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		$	45,830			$	45,830			$	45,830			$	—			$	—
Restricted cash		6,368				6,368				—				6,368				—
Securities available-for-sale		86,972				86,972				—				86,926				46
FHLB Stock		2,433				2,433				—				2,433				—
Securities held-to-maturity		16,596				16,669				—				16,669				—
Loans receivable		487,783				494,019				—				—				494,019
Loans held-for-sale		2,576				2,576				—				2,576				—
Accrued interest receivable		2,902				2,902				—				2,902				—
Mortgage servicing rights		204				204				—				—				204
Financial Liabilities:
Deposits		546,580				532,149				311,186				220,963				—
Advances from FHLB of New York		40,000				40,704				—				40,704				—
Other borrowed money		18,403				18,935				—				18,935				—



		March 31, 2015
$ in thousands		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		$	50,992			$	50,992			$	50,992			$	—			$	—
Restricted cash		6,354				6,354				—				6,354				—
Securities available-for-sale		101,185				101,185				—				101,138				47
FHLB Stock		3,519				3,519				—				3,519				—
Securities held-to-maturity		11,922				12,231				—				12,231				—
Loans receivable		478,716				485,458				—				—				485,458
Loans held-for-sale		2,576				2,576				—				2,576				—
Accrued interest receivable		2,781				2,781				—				2,781				—
Mortgage servicing rights		210				210				—				—				210
Financial Liabilities:
Deposits		527,761				511,160				309,897				201,263				—
Advances from FHLB of New York		65,000				65,827				—				65,827				—
Other borrowed money		18,403				18,931				—				18,931				—