XML 49 R36.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2018
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense | The components of income tax (benefit) expense for the years ended March 31 are as follows:
$ in thousands |  | 2018 |  | 2017
Income tax expense |  |  |  |
Federal: |  |  |  |
Current expense |  | $ | 174 |  |  | $ | — |
Deferred benefit |  | (340 | ) |  | — |
Total |  | (166 | ) |  | — |
State: Current expense |  | 133 |  |  | 119 |
Total income tax (benefit) expense |  | $ | (33 | ) |  | $ | 119 |
Schedule of Effective Income Tax Rate Reconciliation | The following is a reconciliation of the expected Federal income tax rate to the consolidated effective tax rate for the years ended March 31:
| 2018 |  | 2017
$ in thousands | Amount |  | Percent |  | Amount |  | Percent
Statutory Federal income tax expense (benefit) | $ | 1,638 |  |  | 30.8 | % |  | $ | (929 | ) |  | 34.0 | %
State and local income tax, net of Federal tax benefit | 92 |  |  | 1.7 |  |  | 119 |  |  | (4.4 | )
Impact of income tax rate changes | 3,283 |  |  | 61.7 |  |  | — |  |  | — |
Credit and NOL adjustments | (2,148 | ) |  | (40.4 | ) |  | — |  |  | — |
Change in valuation allowance | (3,061 | ) |  | (57.5 | ) |  | 961 |  |  | (35.2 | )
Other | 163 |  |  | 3.1 |  |  | (32 | ) |  | 1.2 |
Total income tax (benefit) expense | $ | (33 | ) |  | (0.6 | )% |  | $ | 119 |  |  | (4.4 | )%
Deferred Tax Assets and Liabilities | Tax effects of existing temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities are included in other assets at March 31 as follows:
$ in thousands | 2018 |  | 2017
Deferred Tax Assets: |  |  |
Allowance for loan losses | $ | 1,727 |  |  | $ | 2,147 |
Nonaccrual loan interest | 109 |  |  | 373 |
Deferred gain - sale leaseback transactions | 2,006 |  |  | 295 |
Net operating loss carryforward | 12,419 |  |  | 17,551 |
New markets tax credit | 3,452 |  |  | 2,207 |
AMT credits | 340 |  |  | 166 |
Depreciation | 1,864 |  |  | 2,018 |
Unrealized loss on available-for-sale securities | 1,105 |  |  | 792 |
Other | — |  |  | 350 |
Total Deferred Tax Assets | 23,022 |  |  | 25,899 |
Deferred Tax Liabilities: |  |  |
Market value adjustment on HFS loans | 54 |  |  | 68 |
Other | 676 |  |  | 812 |
Total Deferred Tax Liabilities | 730 |  |  | 880 |
Deferred Tax Assets, net | 22,292 |  |  | 25,019 |
Valuation Allowance | (21,952 | ) |  | (25,019 | )
Deferred Tax Assets, net of valuation allowance | $ | 340 |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration