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Carver Bancorp Inc.-Parent Company Only (Tables) | 12 Months Ended
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Mar. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Condensed Statements of Financial Condition |
| As of March 31,
$ in thousands | 2024 |  | 2023
Assets |  |  |
Cash on deposit with subsidiaries | $ | 2,487 |  |  | $ | 668 |
Investment in subsidiaries | 60,838 |  |  | 62,453 |
Other assets | 840 |  |  | 123 |
Total assets | $ | 64,165 |  |  | $ | 63,244 |
Liabilities and Stockholders' Equity |  |  |
Borrowings | $ | 18,403 |  |  | $ | 15,903 |
Accounts payable to subsidiaries | 3,300 |  |  | 1,475 |
Other liabilities | 153 |  |  | 642 |
Total liabilities | 21,856 |  |  | 18,020 |
Stockholders’ equity | 42,309 |  |  | 45,224 |
Total liabilities and stockholders’ equity | $ | 64,165 |  |  | $ | 63,244 |
Condensed Statements of Operations |
| Years Ended March 31,
$ in thousands | 2024 |  | 2023 |  |
Income |  |  |  |  |
Equity in net loss/income from subsidiaries | $ | (457) |  |  | $ | (2,640) |  |  |
Other income | 135 |  |  | 27 |  |  |
Grant income | 61 |  |  | 439 |  |  |
Total (loss) income | (261) |  |  | (2,174) |  |  |
Expense |  |  |  |  |
Interest expense on borrowings | 1,233 |  |  | 839 |  |  |
Salaries and employee benefits | 667 |  |  | 712 |  |  |
Shareholder expense | 215 |  |  | 155 |  |  |
Other | 601 |  |  | 521 |  |  |
Total expense | 2,716 |  |  | 2,227 |  |  |
Net loss | $ | (2,977) |  |  | $ | (4,401) |  |  |
Comprehensive loss | $ | (3,467) |  |  | $ | (9,954) |  |  |
Condensed Statements of Cash Flow |
| Years Ended March 31,
$ in thousands | 2024 |  | 2023 |  |
Cash Flows From Operating Activities |  |  |  |  |
Net loss | $ | (2,977) |  |  | $ | (4,401) |  |  |
Adjustments to reconcile net loss to net cash from operating activities: |  |  |  |  |
Equity in net loss/income from subsidiaries | 457 |  |  | 2,640 |  |  |
Restricted stock vesting | 219 |  |  | 91 |  |  |
Increase in other assets | (59) |  |  | (57) |  |  |
Increase in accounts payable to subsidiaries | 1,825 |  |  | 976 |  |  |
Decrease in other liabilities | (488) |  |  | (14) |  |  |
Net cash used in operating activities | (1,023) |  |  | (765) |  |  |
Cash Flows From Investing Activities |  |  |  |  |
Purchase of equity investment | (658) |  |  | — |  |  |
Net cash used in investing activities | (658) |  |  | — |  |  |
Cash Flows From Financing Activities |  |  |  |  |
Increase in borrowings | 2,500 |  |  | — |  |  |
Issuance of common stock | 1,000 |  |  | — |  |  |
Net cash provided by financing activities | 3,500 |  |  | — |  |  |
Net increase (decrease) in cash | 1,819 |  |  | (765) |  |  |
Cash and cash equivalents – beginning | 668 |  |  | 1,433 |  |  |
Cash and cash equivalents – ending | $ | 2,487 |  |  | $ | 668 |  |  |

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