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Fair Value Measurements Fair Value Measurements (Tables) | 12 Months Ended
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Mar. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract] |
Fair Value, Assets Measured on Recurring Basis | The following table presents, by valuation hierarchy, assets that are measured at fair value on a recurring basis as of March 31, 2019 and 2018, and that are included in the Company's Consolidated Statements of Financial Condition at these dates:
| Fair Value Measurements at March 31, 2019, Using
$ in thousands | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Fair Value
Mortgage servicing rights | $ | — |  |  | $ | — |  |  | $ | 180 |  |  | $ | 180 |
Investment securities |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |
Government National Mortgage Association | — |  |  | 4,382 |  |  | — |  |  | 4,382 |
Federal Home Loan Mortgage Corporation | — |  |  | 11,025 |  |  | — |  |  | 11,025 |
Federal National Mortgage Association | — |  |  | 26,608 |  |  | — |  |  | 26,608 |
U.S. Government Agency securities | — |  |  | 32,853 |  |  | — |  |  | 32,853 |
Corporate bonds | — |  |  | 4,977 |  |  | — |  |  | 4,977 |
Total available-for-sale securities | — |  |  | 79,845 |  |  | — |  |  | 79,845 |
Equity securities | — |  |  | — |  |  | 454 |  |  | 454 |
Total assets | $ | — |  |  | $ | 79,845 |  |  | $ | 634 |  |  | $ | 80,479 |
| Fair Value Measurements at March 31, 2018, Using
$ in thousands | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Fair Value
Mortgage servicing rights | $ | — |  |  | $ | — |  |  | $ | 181 |  |  | $ | 181 |
Investment securities |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |
Government National Mortgage Association | — |  |  | 2,066 |  |  | — |  |  | 2,066 |
Federal Home Loan Mortgage Corporation | — |  |  | 6,350 |  |  | — |  |  | 6,350 |
Federal National Mortgage Association | — |  |  | 23,411 |  |  | — |  |  | 23,411 |
U.S. Government Agency securities | — |  |  | 14,232 |  |  | — |  |  | 14,232 |
Corporate bonds | — |  |  | 4,866 |  |  | — |  |  | 4,866 |
Other investments | — |  |  | 9,351 |  |  | 433 |  |  | 9,784 |
Total available-for-sale securities | — |  |  | 60,276 |  |  | 433 |  |  | 60,709 |
Total assets | $ | — |  |  | $ | 60,276 |  |  | $ | 614 |  |  | $ | 60,890 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | The following table includes a rollforward of assets classified by the Company within Level 3 of the valuation hierarchy for the years ended March 31, 2019 and 2018:
$ in thousands | Beginning balance, April 1, 2018 |  | Total Realized/Unrealized Gains/(Losses) Recorded in Income (1) |  | Issuances / (Settlements) |  | Transfers to/(from) Level 3 |  | Ending balance, March 31, 2019 |  | Change in Unrealized Gains/(Losses) Related to Instruments Held at March 31, 2019
Equity Securities | $ | 433 |  |  | $ | 21 |  |  | $ | — |  |  | $ | — |  |  | $ | 454 |  |  | $ | — |
Mortgage Servicing Rights | 181 |  |  | (1 | ) |  | — |  |  | — |  |  | 180 |  |  | (1 | )
$ in thousands | Beginning balance, April 1, 2017 |  | Total Realized/Unrealized Gains/(Losses) Recorded in Income (1) |  | Issuances / (Settlements) |  | Transfers to/(from) Level 3 |  | Ending balance, March 31, 2018 |  | Change in Unrealized Gains/(Losses) Related to Instruments Held at March 31, 2018
Available-for-Sale: Other investments | $ | 403 |  |  | $ | 30 |  |  | $ | — |  |  | $ | — |  |  | $ | 433 |  |  | $ | — |
Mortgage Servicing Rights | 192 |  |  | (11 | ) |  | — |  |  | — |  |  | 181 |  |  | (10 | )
(1) Includes net servicing cash flows and the passage of time.
Fair Value, Assets Measured on Recurring Basis, Valuation Techniques | For Level 3 assets measured at fair value on a recurring basis as of March 31, 2019 and 2018, the significant unobservable inputs used in the fair value measurements were as follows:
$ in thousands |  | Fair Value at March 31, 2019 |  | Valuation Technique |  | Significant Unobservable Inputs |  | Significant Unobservable Input Value
Equity Securities |  | 454 |  |  | Cost |  | n/a |  |
Mortgage Servicing Rights |  | 180 |  |  | Discounted Cash Flow |  | Weighted Average Constant Prepayment Rate (1) |  | 11.19 | %
|  |  |  |  |  | Option Adjusted Spread ("OAS") applied to Treasury curve |  | 1000 basis points
$ in thousands |  | Fair Value at March 31, 2018 |  | Valuation Technique |  | Significant Unobservable Inputs |  | Significant Unobservable Input Value
Available-for-Sale: |  |  |  |  |  |  |  |
Other investments |  | 433 |  |  | Cost |  | n/a |  |
Mortgage Servicing Rights |  | 181 |  |  | Discounted Cash Flow |  | Weighted Average Constant Prepayment Rate (1) |  | 20.03 | %
|  |  |  |  |  | Discount Rate |  | 12.00 | %
(1) Represents annualized loan repayment rate assumptions
Fair Value Measurements, Nonrecurring | The following table presents assets and liabilities that were measured at fair value on a non-recurring basis as of March 31, 2019 and 2018, and that are included in the Company's Consolidated Statements of Financial Condition at these dates:
| Fair Value Measurements at March 31, 2019, Using
$ in thousands | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Fair Value
Impaired loans | $ | — |  |  | $ | — |  |  | $ | 2,027 |  |  | $ | 2,027 |
Other real estate owned | $ | — |  |  | $ | — |  |  | $ | 404 |  |  | $ | 404 |
| Fair Value Measurements at March 31, 2018, Using
$ in thousands | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Fair Value
Impaired loans | $ | — |  |  | $ | — |  |  | $ | 4,476 |  |  | $ | 4,476 |
Other real estate owned | $ | — |  |  | $ | — |  |  | $ | 1,145 |  |  | $ | 1,145 |
Fair Value, Assets Measured on Nonrecurring Basis, Valuation Techniques | For Level 3 assets measured at fair value on a non-recurring basis as of March 31, 2019 and 2018, the significant unobservable inputs used in the fair value measurements were as follows:
$ in thousands |  | Fair Value at March 31, 2019 |  | Valuation Technique |  | Significant Unobservable Inputs |  | Significant Unobservable Input Value
Impaired loans |  | $ | 2,027 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 7.5% cost to sell
Other real estate owned |  | 404 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 7.5% cost to sell
$ in thousands |  | Fair Value at March 31, 2018 |  | Valuation Technique |  | Significant Unobservable Inputs |  | Significant Unobservable Input Value
Impaired loans |  | $ | 4,476 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 7.5% cost to sell
Other real estate owned |  | 1,145 |  |  | Appraisal of collateral |  | Appraisal adjustments |  | 7.5% cost to sell

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
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