Carver Bancorp Inc.-Parent Company Only Carver Bancorp Inc.-Parent Company Only (Tables)

12 Months Ended

Mar. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Statements of Financial Condition



	As of March 31,
$ in thousands	2017		2016 Restated ⁽¹⁾
Assets
Cash on deposit with subsidiaries	$	492	$	2,995
Investment in subsidiaries ⁽¹⁾	60,921		64,597
Other assets	15		69
Total assets ⁽¹⁾	$	61,428	$	67,661

Liabilities and Stockholders' Equity
Borrowings	$	13,403	$	13,403
Accounts payable to subsidiaries	228		51
Other liabilities ⁽¹⁾	399		2,327
Total liabilities ⁽¹⁾	$	14,030	$	15,781

Stockholders’ equity ⁽¹⁾	$	47,398	$	51,880
Total liabilities and stockholders’ equity ⁽¹⁾	$	61,428	$	67,661

⁽¹⁾March 31, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Investment in subsidiaries, total assets and total liabilities and stockholders' equity were each reduced by $2.2 million, other liabilities and total liabilities increased by $157 thousand and stockholders' equity was reduced by $2.3 million. Refer to Notes 1 and 19 for further detail.

Condensed Statements of Operations



	Years Ended March 31,
$ in thousands	2017			2016 Restated ⁽¹⁾
Income
Equity in net loss from subsidiaries ⁽¹⁾	$	(2,048	)	$	(767	)
Other income	26			23
Total income ⁽¹⁾	(2,022		)	(744		)
Expenses
Interest expense on borrowings ⁽¹⁾	568			531
Salaries and employee benefits	—			237
Shareholder expense	82			82
Other	181			173
Total expense ⁽¹⁾	831			1,023
Net loss ⁽¹⁾	$	(2,853	)	$	(1,767	)
Comprehensive loss ⁽¹⁾	$	(4,486	)	$	(1,029	)

⁽¹⁾March 31, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Equity in net loss from subsidiaries was increased and total income was reduced by $1.5 million, interest expense on borrowings and total expense were increased by $66 thousand, and net loss and comprehensive loss were increased $1.6 million. Refer to Notes 1 and 19 for further detail.

Condensed Statements of Cash Flow



	Years Ended March 31,
$ in thousands	2017			2016 Restated ⁽¹⁾
Cash Flows From Operating Activities
Net loss ⁽¹⁾	$	(2,853	)	$	(1,767	)
Adjustments to reconcile net loss to net cash from operating activities:
Equity in net loss of subsidiaries ⁽¹⁾	2,048			767
Increase in account receivable from subsidiaries	—			(1		)
Decrease (increase) in other assets	54			(14		)
Increase (decrease) in accounts payable to subsidiaries	176			(1,199		)
(Decrease) increase in other liabilities ⁽¹⁾	(1,928		)	530
Net cash used in operating activities	(2,503		)	(1,684		)

Net decrease in cash	(2,503		)	(1,684		)
Cash and cash equivalents – beginning	2,995			4,679
Cash and cash equivalents – ending	$	492		$	2,995

⁽¹⁾March 31, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Net loss was increased by $1.6 million, equity in net loss of subsidiaries was increased by $1.5 million and increase in other liabilities was increased by $66 thousand. Refer to Notes 1 and 19 for further detail.