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Deposits | 12 Months Ended
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Mar. 31, 2022
Deposits [Abstract] |
Deposits | DEPOSITSDeposit balances and weighted average interest rates as of March 31 are as follows:
| 2022 |  | 2021
$ in thousands | Amount |  | Percent of Total Deposits |  | Weighted Average Rate |  | Amount |  | Percent of Total Deposits |  | Weighted Average Rate
Non-interest-bearing demand | $ | 107,472 |  |  | 17.11 | % |  | — | % |  | $ | 110,525 |  |  | 19.86 | % |  | — | %
Interest-bearing checking | 57,985 |  |  | 9.23 |  |  | 0.06 |  |  | 45,605 |  |  | 8.19 |  |  | 0.08 |
Savings | 112,305 |  |  | 17.88 |  |  | 0.11 |  |  | 108,199 |  |  | 19.44 |  |  | 0.22 |
Money market savings account | 208,122 |  |  | 33.14 |  |  | 0.24 |  |  | 137,230 |  |  | 24.66 |  |  | 0.42 |
Certificates of deposit | 139,255 |  |  | 22.17 |  |  | 0.88 |  |  | 152,723 |  |  | 27.44 |  |  | 1.54 |
Loan escrow deposits | 2,978 |  |  | 0.47 |  |  | 0.36 |  |  | 2,277 |  |  | 0.41 |  |  | 0.28 |
Total | $ | 628,117 |  |  | 100.00 | % |  | 0.30 | % |  | $ | 556,559 |  |  | 100.00 | % |  | 0.58 | %
Scheduled maturities of certificates of deposit for the year ended March 31, 2022 are as follows:
$ in thousands |  | Amount
Maturing years ending March 31: |  |
2023 |  | $ | 110,251 |
2024 |  | 13,523 |
2025 |  | 7,527 |
2026 |  | 4,792 |
2027 |  | 1,873 |
2028 and beyond |  | 1,289 |
Total |  | $ | 139,255 |
The following table represents the amount of certificates of deposit of $250,000 or more at March 31, 2022 maturing during the periods indicated:
$ in thousands |
Maturing: |
April 1, 2022 to June 30, 2022 | $ | 21,957 |
July 1, 2022 to September 30, 2022 | 6,851 |
October 1, 2022 to March 31, 2023 | 751 |
April 1, 2023 and beyond | 7,360 |
Total | $ | 36,919 |
Interest expense on deposits is as follows for the years ended March 31:
$ in thousands | 2022 |  | 2021 |  |
Interest-bearing checking | $ | 30 |  |  | $ | 30 |  |  |
Savings and clubs | 123 |  |  | 235 |  |  |
Money market savings | 378 |  |  | 525 |  |  |
Certificates of deposit | 1,349 |  |  | 2,974 |  |  |
Loan escrow deposits | 10 |  |  | 6 |  |  |
Total interest expense | $ | 1,890 |  |  | $ | 3,770 |  |  |
The following table presents additional information about our year-end deposits:
$ in thousands |  | 2022 |  | 2021
Deposits from the Certificate of Deposit Account Registry Service (CDARS) |  | $ | 46,421 |  |  | $ | 43,209 |
Deposits from brokers |  | 17,788 |  |  | 30,149 |
Certificates of deposit individually greater than $250,000 |  | 36,919 |  |  | 26,388 |
Deposits from certain directors, executive officers and their affiliates |  | 432 |  |  | 216 |

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 405 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1406 + Details
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