XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.21.2

Fair Value of Financial Instruments (Tables) | 6 Months Ended
--- | ---
Sep. 30, 2021
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 September 30, 2021 and March 31, 2021 are as follows:
|  | September 30, 2021
$ 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 |  | $ | 79,130 |  |  | $ | 79,130 |  |  | $ | 79,130 |  |  | $ | — |  |  | $ | — |
Securities available-for-sale |  | 79,853 |  |  | 79,853 |  |  | — |  |  | 79,853 |  |  | — |
Securities held-to-maturity |  | 5,623 |  |  | 5,865 |  |  | — |  |  | 5,865 |  |  | — |
Loans receivable |  | 515,138 |  |  | 530,090 |  |  | — |  |  | — |  |  | 530,090 |
Accrued interest receivable |  | 2,599 |  |  | 2,599 |  |  | — |  |  | 2,599 |  |  | — |
Mortgage servicing rights |  | 134 |  |  | 134 |  |  | — |  |  | — |  |  | 134 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 603,365 |  |  | $ | 601,460 |  |  | $ | 454,167 |  |  | $ | 147,293 |  |  | $ | — |
Other borrowed money |  | 21,453 |  |  | 21,228 |  |  | — |  |  | 21,228 |  |  | — |
Accrued interest payable |  | 183 |  |  | 183 |  |  | — |  |  | 183 |  |  | — |
|  | March 31, 2021
$ 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 |  | $ | 75,591 |  |  | $ | 75,591 |  |  | $ | 75,591 |  |  | $ | — |  |  | $ | — |
Securities available-for-sale |  | 86,507 |  |  | 86,507 |  |  | — |  |  | 86,507 |  |  | — |
Securities held-to-maturity |  | 7,807 |  |  | 8,140 |  |  | — |  |  | 8,140 |  |  | — |
Loans receivable |  | 478,409 |  |  | 487,806 |  |  | — |  |  | — |  |  | 487,806 |
Accrued interest receivable |  | 2,640 |  |  | 2,640 |  |  | — |  |  | 2,640 |  |  | — |
Mortgage servicing rights |  | 147 |  |  | 147 |  |  | — |  |  | — |  |  | 147 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 556,559 |  |  | $ | 557,049 |  |  | $ | 402,843 |  |  | $ | 154,206 |  |  | $ | — |
Other borrowed money |  | 37,108 |  |  | 37,150 |  |  | — |  |  | 37,150 |  |  | — |
Accrued interest payable |  | 3,212 |  |  | 3,212 |  |  | — |  |  | 3,212 |  |  | — |

X
- 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=123594938&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=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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