XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.22.4

Fair Value of Financial Instruments (Tables) | 9 Months Ended
--- | ---
Dec. 31, 2022
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 December 31, 2022 and March 31, 2022 are as follows:
|  | December 31, 2022
$ 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 |  | $ | 43,912 |  |  | $ | 43,912 |  |  | $ | 43,912 |  |  | $ | — |  |  | $ | — |
Securities available-for-sale |  | 53,443 |  |  | 53,443 |  |  | — |  |  | 53,443 |  |  | — |
Securities held-to-maturity |  | 2,406 |  |  | 2,282 |  |  | — |  |  | 2,282 |  |  | — |
Loans receivable |  | 581,595 |  |  | 546,749 |  |  | — |  |  | — |  |  | 546,749 |
Accrued interest receivable |  | 2,513 |  |  | 2,513 |  |  | — |  |  | 2,513 |  |  | — |
Mortgage servicing rights |  | 145 |  |  | 145 |  |  | — |  |  | — |  |  | 145 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 609,247 |  |  | $ | 604,416 |  |  | $ | 455,166 |  |  | $ | 149,250 |  |  | $ | — |
Advances from FHLB of New York |  | 15,000 |  |  | 15,000 |  |  | — |  |  | 15,000 |  |  | — |
Other borrowed money |  | 15,903 |  |  | 14,565 |  |  | — |  |  | 14,565 |  |  | — |
Accrued interest payable |  | 152 |  |  | 152 |  |  | — |  |  | 152 |  |  | — |
|  | March 31, 2022
$ 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 |  | $ | 61,018 |  |  | $ | 61,018 |  |  | $ | 61,018 |  |  | $ | — |  |  | $ | — |
Securities available-for-sale |  | 67,596 |  |  | 67,596 |  |  | — |  |  | 67,596 |  |  | — |
Securities held-to-maturity |  | 5,254 |  |  | 5,276 |  |  | — |  |  | 5,276 |  |  | — |
Loans receivable |  | 573,880 |  |  | 563,821 |  |  | — |  |  | — |  |  | 563,821 |
Accrued interest receivable |  | 2,414 |  |  | 2,414 |  |  | — |  |  | 2,414 |  |  | — |
Mortgage servicing rights |  | 162 |  |  | 162 |  |  | — |  |  | — |  |  | 162 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 628,117 |  |  | $ | 624,160 |  |  | $ | 485,884 |  |  | $ | 138,276 |  |  | $ | — |
Other borrowed money |  | 15,906 |  |  | 15,673 |  |  | — |  |  | 15,673 |  |  | — |
Accrued interest payable |  | 91 |  |  | 91 |  |  | — |  |  | 91 |  |  | — |

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 https://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 https://asc.fasb.org/extlink&oid=126976982&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