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Borrowed Money (Tables)

12 Months Ended

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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Tabular disclosure of advances made and reported by Federal Home Loan Bank (FHLBank).

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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.

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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

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