XML 62 R48.htm IDEA: XBRL DOCUMENT
v3.24.2

Fair Value of Financial Instruments (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2024
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 March 31 are as follows:
|  | March 31, 2024
$ 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 |  | $ | 59,025 |  |  | $ | 59,025 |  |  | $ | 59,025 |  |  | $ | — |  |  | $ | — |
Securities available-for-sale |  | 48,030 |  |  | 48,030 |  |  | — |  |  | 48,030 |  |  | — |
Securities held-to-maturity |  | 2,008 |  |  | 1,905 |  |  | — |  |  | 1,905 |  |  | — |
Loans receivable |  | 617,007 |  |  | 593,484 |  |  | — |  |  | — |  |  | 593,484 |
Accrued interest receivable |  | 3,662 |  |  | 3,662 |  |  | — |  |  | 3,662 |  |  | — |
Mortgage servicing rights |  | 140 |  |  | 140 |  |  | — |  |  | — |  |  | 140 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 646,999 |  |  | $ | 642,831 |  |  | $ | 420,663 |  |  | $ | 222,168 |  |  | $ | — |
Advances from FHLB of New York |  | 28,027 |  |  | 27,920 |  |  | — |  |  | 27,920 |  |  | — |
Other borrowed money |  | 18,403 |  |  | 17,623 |  |  | — |  |  | 17,623 |  |  | — |
Accrued interest payable |  | 1,128 |  |  | 1,128 |  |  | — |  |  | 1,128 |  |  | — |
|  | March 31, 2023
$ 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 |  | $ | 42,552 |  |  | $ | 42,552 |  |  | $ | 42,552 |  |  | $ | — |  |  | $ | — |
Securities available-for-sale |  | 53,843 |  |  | 53,843 |  |  | — |  |  | 53,843 |  |  | — |
Securities held-to-maturity |  | 2,318 |  |  | 2,221 |  |  | — |  |  | 2,318 |  |  | — |
Loans receivable |  | 592,667 |  |  | 567,029 |  |  | — |  |  | — |  |  | 567,029 |
Accrued interest receivable |  | 1,911 |  |  | 1,911 |  |  | — |  |  | 1,911 |  |  | — |
Mortgage servicing rights |  | 152 |  |  | 152 |  |  | — |  |  | — |  |  | 152 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 600,429 |  |  | $ | 594,736 |  |  | $ | 418,432 |  |  | $ | 176,304 |  |  | $ | — |
Advances from FHLB of New York |  | 35,000 |  |  | 35,238 |  |  | — |  |  | 35,238 |  |  | — |
Other borrowed money |  | 15,903 |  |  | 14,575 |  |  | — |  |  | 14,575 |  |  | — |
Accrued interest payable |  | 380 |  |  | 380 |  |  | — |  |  | 380 |  |  | — |

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 -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + 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