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Fair Value of Financial Instruments (Tables)

12 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The carrying amounts and estimated fair values of the Bank's financial instruments and estimation methodologies at March 31 are as follows:

		March 31, 2019
$ 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		$	31,228			$	31,228			$	31,228			$	—			$	—
Securities available-for-sale		79,845				79,845				—				79,845				—
Equity securities		454				454				—				—				454
FHLB Stock		926				926				—				926				—
Securities held-to-maturity		11,137				11,107				—				11,107				—
Loans receivable		424,182				424,013				—				—				424,013
Accrued interest receivable		2,019				2,019				—				2,019				—
Mortgage servicing rights		180				180				—				—				180
Other assets - Interest-bearing deposits		976				976				—				976				—
Financial Liabilities:
Deposits		$	480,196			$	477,503			$	277,360			$	200,143			$	—
Advances from FHLB of New York		8,000				8,001				—				8,001				—
Other borrowed money		13,403				12,393				—				12,393				—
Accrued interest payable		1,931				1,931				—				1,931				—

		March 31, 2018
$ 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		$	134,558			$	134,558			$	134,558			$	—			$	—
Securities available-for-sale		60,709				60,709				—				60,276				433
FHLB Stock		1,768				1,768				—				1,768				—
Securities held-to-maturity		12,075				11,909				—				11,909				—
Loans receivable		472,627				469,382				—				—				469,382
Accrued interest receivable		2,023				2,023				—				2,023				—
Mortgage servicing rights		181				181				—				—				181
Other assets - Interest-bearing deposits		971				971				—				971				—
Financial Liabilities:
Deposits		$	586,883			$	535,808			$	245,634			$	290,174			$	—
Advances from FHLB of New York		25,000				24,970				—				24,970				—
Other borrowed money		13,403				14,565				—				14,565				—
Accrued interest payable		1,086				1,086				—				1,086				—

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611

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 (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

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- References

No definition available.

+ Details

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