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Carver Bancorp Inc.-Parent Company Only (Tables) | 12 Months Ended
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Mar. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Condensed Statements of Financial Condition |
| As of March 31,
$ in thousands | 2023 |  | 2022
Assets |  |  |
Cash on deposit with subsidiaries | $ | 668 |  |  | $ | 1,433 |
Investment in subsidiaries | 62,453 |  |  | 70,646 |
Other assets | 123 |  |  | 66 |
Total assets | $ | 63,244 |  |  | $ | 72,145 |
Liabilities and Stockholders' Equity |  |  |
Borrowings | $ | 15,903 |  |  | $ | 15,903 |
Accounts payable to subsidiaries | 1,475 |  |  | 499 |
Other liabilities | 642 |  |  | 656 |
Total liabilities | 18,020 |  |  | 17,058 |
Stockholders’ equity | 45,224 |  |  | 55,087 |
Total liabilities and stockholders’ equity | $ | 63,244 |  |  | $ | 72,145 |
Condensed Statements of Operations |
| Years Ended March 31,
$ in thousands | 2023 |  | 2022 |  |
Income |  |  |  |  |
Equity in net loss/income from subsidiaries | $ | (2,640) |  |  | $ | 706 |  |  |
Other income | 27 |  |  | 17 |  |  |
Grant income | 439 |  |  | 60 |  |  |
Total (loss) income | (2,174) |  |  | 783 |  |  |
Expense |  |  |  |  |
Interest expense on borrowings | 839 |  |  | 481 |  |  |
Salaries and employee benefits | 712 |  |  | 232 |  |  |
Shareholder expense | 155 |  |  | 162 |  |  |
Other | 521 |  |  | 755 |  |  |
Total expense | 2,227 |  |  | 1,630 |  |  |
Net loss | $ | (4,401) |  |  | $ | (847) |  |  |
Comprehensive loss | $ | (9,954) |  |  | $ | (4,334) |  |  |
Condensed Statements of Cash Flow |
| Years Ended March 31,
$ in thousands | 2023 |  | 2022 |  |
Cash Flows From Operating Activities |  |  |  |  |
Net loss | $ | (4,401) |  |  | $ | (847) |  |  |
Adjustments to reconcile net loss to net cash from operating activities: |  |  |  |  |
Equity in net loss/income from subsidiaries | 2,640 |  |  | (706) |  |  |
Restricted stock vesting | 91 |  |  | 122 |  |  |
Decrease in accounts receivable from subsidiaries | — |  |  | 205 |  |  |
(Increase) decrease in other assets | (57) |  |  | 92 |  |  |
Increase (decrease) in accounts payable to subsidiaries | 976 |  |  | (1,212) |  |  |
Decrease in other liabilities | (14) |  |  | (2,593) |  |  |
Net cash used in operating activities | (765) |  |  | (4,939) |  |  |
Cash Flows From Investing Activities |  |  |  |  |
Capital contribution | — |  |  | (15,500) |  |  |
Net cash used in investing activities | — |  |  | (15,500) |  |  |
Cash Flows From Financing Activities |  |  |  |  |
Increase in borrowings | — |  |  | 2,500 |  |  |
Issuance of common stock | — |  |  | 2,998 |  |  |
Issuance of preferred stock | — |  |  | 4,000 |  |  |
Net cash provided by financing activities | — |  |  | 9,498 |  |  |
Net decrease in cash | (765) |  |  | (10,941) |  |  |
Cash and cash equivalents – beginning | 1,433 |  |  | 12,374 |  |  |
Cash and cash equivalents – ending | $ | 668 |  |  | $ | 1,433 |  |  |

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