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Carver Bancorp Inc.-Parent Company Only (Tables) | 12 Months Ended
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Mar. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Statements of Financial Condition |
| As of March 31,
$ in thousands | 2022 |  | 2021
Assets |  |  |
Cash on deposit with subsidiaries | $ | 1,433 |  |  | $ | 12,374 |
Investment in subsidiaries | 70,646 |  |  | 63,871 |
Other assets | 66 |  |  | 363 |
Total assets | $ | 72,145 |  |  | $ | 76,608 |
Liabilities and Stockholders' Equity |  |  |
Borrowings | $ | 15,903 |  |  | $ | 13,403 |
Accounts payable to subsidiaries | 499 |  |  | 7,656 |
Other liabilities | 656 |  |  | 3,248 |
Total liabilities | 17,058 |  |  | 24,307 |
Stockholders’ equity | 55,087 |  |  | 52,301 |
Total liabilities and stockholders’ equity | $ | 72,145 |  |  | $ | 76,608 |
Condensed Statements of Operations |
| Years Ended March 31,
$ in thousands | 2022 |  | 2021 |  |
Income |  |  |  |  |
Equity in net income/loss from subsidiaries | $ | 706 |  |  | $ | (3,039) |  |  |
Other income | 17 |  |  | 21 |  |  |
Grant income | 60 |  |  | 500 |  |  |
Total income (loss) | 783 |  |  | (2,518) |  |  |
Expense |  |  |  |  |
Interest expense on borrowings | 481 |  |  | 562 |  |  |
Salaries and employee benefits | 232 |  |  | 168 |  |  |
Shareholder expense | 162 |  |  | 223 |  |  |
Other | 755 |  |  | 425 |  |  |
Total expense | 1,630 |  |  | 1,378 |  |  |
Net loss | $ | (847) |  |  | $ | (3,896) |  |  |
Comprehensive loss | $ | (4,334) |  |  | $ | (8,003) |  |  |
Condensed Statements of Cash Flow |
| Years Ended March 31,
$ in thousands | 2022 |  | 2021 |  |
Cash Flows From Operating Activities |  |  |  |  |
Net loss | $ | (847) |  |  | $ | (3,896) |  |  |
Adjustments to reconcile net loss to net cash from operating activities: |  |  |  |  |
Equity in net income/loss from subsidiaries | (706) |  |  | 3,039 |  |  |
Decrease (increase) in accounts receivable from subsidiaries | 205 |  |  | (164) |  |  |
Decrease (increase) in other assets | 92 |  |  | (38) |  |  |
(Decrease) increase in accounts payable to subsidiaries | (1,213) |  |  | 917 |  |  |
(Decrease) increase in other liabilities | (2,593) |  |  | 609 |  |  |
Net cash (used in) provided by operating activities | (5,062) |  |  | 467 |  |  |
Cash Flows From Financing Activities |  |  |  |  |
Increase in borrowings | 2,500 |  |  | — |  |  |
Capital contribution | (15,500) |  |  | 2,500 |  |  |
Redemption of treasury stock, net | — |  |  | (2,500) |  |  |
Issuance of common stock | 2,999 |  |  | 3,197 |  |  |
Issuance of preferred stock | 4,000 |  |  | 8,177 |  |  |
Restricted stock vesting | 122 |  |  | 37 |  |  |
Net cash (used in) provided by financing activities | (5,879) |  |  | 11,411 |  |  |
Net (decrease) increase in cash | (10,941) |  |  | 11,878 |  |  |
Cash and cash equivalents – beginning | 12,374 |  |  | 496 |  |  |
Cash and cash equivalents – ending | $ | 1,433 |  |  | $ | 12,374 |  |  |

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