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Borrowed Money (Tables) | 12 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Federal Home Loan Bank, Advances | FHLB-NY advances weighted average interest rates by remaining period to maturity are as follows:
| 2024 |  | 2023
$ in thousands | Amount |  | Weighted Average Rate |  | Amount |  | Weighted Average Rate
Maturing Year Ending March 31, |  |  |  |  |  |
2024 | $ | — |  |  | — | % |  | $ | 10,000 |  |  | 4.99 | %
2025 | 28,027 |  |  | 4.61 | % |  | 25,000 |  |  | 4.50 | %
| $ | 28,027 |  |  |  |  | $ | 35,000 |  |  |
Schedule of Maturities of Long-term Debt | The following table presents expected maturities of the Company's long-term borrowings at March 31, 2024:
$ in thousands |  |
Year ending March 31, |  |
2025 |  | $ | 28,027 |
2026 |  | — |
2027 |  | 2,500 |
2028 |  | — |
2029 |  | 2,500 |
Thereafter |  | 13,403 |
Total |  | $ | 46,430 |
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 | 2024 |  | 2023 |  |
Amounts outstanding at the end of year: |  |  |  |  |
FHLB advances | $ | 28,027 |  |  | $ | 35,000 |  |  |
Subordinated debt securities | 13,403 |  |  | 13,403 |  |  |
PPPLF | — |  |  | — |  |  |
Other | 5,000 |  |  | 2,500 |  |  |
Rate paid at year end: |  |  |  |  |
FHLB advances | 4.61 | % |  | 4.99 | % |  |
Subordinated debt securities | 8.64 | % |  | 7.96 | % |  |
Other | 1.50 | % |  | 1.00 | % |  |
Maximum amount of borrowing outstanding at any month end: |  |  |  |  |
FHLB advances | $ | 25,000 |  |  | $ | 40,000 |  |  |
Subordinated debt securities | 13,403 |  |  | 13,403 |  |  |
PPPLF | — |  |  | 3 |  |  |
Other | 2,500 |  |  | 2,500 |  |  |
Approximate average amounts outstanding for year: |  |  |  |  |
FHLB advances | $ | 27,020 |  |  | $ | 11,776 |  |  |
Subordinated debt securities | 13,403 |  |  | 13,403 |  |  |
PPPLF | — |  |  | — |  |  |
Other | 4,813 |  |  | 2,500 |  |  |
Approximate weighted average rate paid during year: |  |  |  |  |
FHLB advances | 4.22 | % |  | 3.04 | % |  |
Subordinated debt securities | 8.65 | % |  | 6.07 | % |  |
PPPLF | — | % |  | 0.14 | % |  |
Other | 1.54 | % |  | 1.01 | % |  |

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