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v3.23.2

Borrowed Money (Tables) | 12 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Maturities of Long-term Debt | The following table presents expected maturities of the Company's long-term borrowings at March 31, 2023:
$ in thousands |  |
Year ending March 31, |  |
2024 |  | $ | — |
2025 |  | 25,000 |
2026 |  | — |
2027 |  | 2,500 |
2028 |  | — |
Thereafter |  | 13,403 |
Total |  | $ | 40,903 |
Schedule of Debt | The following table sets forth certain information regarding Carver Federal's borrowings as of and for the years ended March 31:
$ in thousands | 2023 |  | 2022 |  |
Amounts outstanding at the end of year: |  |  |  |  |
FHLB advances | $ | 35,000 |  |  | $ | — |  |  |
Subordinated debt securities | 13,403 |  |  | 13,403 |  |  |
PPPLF | — |  |  | 3 |  |  |
Other | 2,500 |  |  | 2,500 |  |  |
Rate paid at year end: |  |  |  |  |
FHLB advances | 4.99 | % |  | — | % |  |
Subordinated debt securities | 7.96 | % |  | 3.97 | % |  |
PPPLF | — | % |  | 0.35 | % |  |
Other | 1.00 | % |  | 1.00 | % |  |
Maximum amount of borrowing outstanding at any month end: |  |  |  |  |
FHLB advances | $ | 40,000 |  |  | $ | 2,000 |  |  |
Subordinated debt securities | 13,403 |  |  | 13,403 |  |  |
PPPLF | 3 |  |  | 23,705 |  |  |
Other | 2,500 |  |  | 2,500 |  |  |
Approximate average amounts outstanding for year: |  |  |  |  |
FHLB advances | $ | 11,776 |  |  | $ | 22 |  |  |
Subordinated debt securities | 13,403 |  |  | 13,403 |  |  |
PPPLF | — |  |  | 7,647 |  |  |
Other | 2,500 |  |  | 1,757 |  |  |
Approximate weighted average rate paid during year: |  |  |  |  |
FHLB advances | 3.04 | % |  | 0.09 | % |  |
Subordinated debt securities | 6.07 | % |  | 3.45 | % |  |
PPPLF | 0.14 | % |  | 0.35 | % |  |
Other | 1.01 | % |  | 1.06 | % |  |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
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