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Fair Value of Financial Instruments (Tables)

9 Months Ended

Dec. 31, 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 December 31, 2015 and March 31, 2015 are as follows:



		December 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		$	46,076			$	46,076			$	46,076			$	—			$	—
Restricted cash		211				211				—				211				—
Securities available-for-sale		68,192				68,192				—				68,146				46
FHLB Stock		3,783				3,783				—				3,783				—
Securities held-to-maturity		15,731				15,721				—				15,721				—
Loans receivable		596,402				604,546				—				—				604,546
Loans held-for-sale		2,404				2,404				—				2,404				—
Accrued interest receivable		3,677				3,677				—				3,677				—
Mortgage servicing rights		205				205				—				—				205
Financial Liabilities:
Deposits		597,612				565,960				331,742				234,218				—
Advances from FHLB of New York		65,000				69,829				—				69,829				—
Other borrowed money		18,403				17,579				—				17,579				—



		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				—