XML 64 R50.htm IDEA: XBRL DOCUMENT v3.24.2
Carver Bancorp Inc.-Parent Company Only (Tables)
 12 Months Ended
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 subsidiaries60,838 62,453 
Other assets840 123 
Total assets$64,165 $63,244 
Liabilities and Stockholders' Equity
Borrowings$18,403 $15,903 
Accounts payable to subsidiaries3,300 1,475 
Other liabilities153 642 
Total liabilities21,856 18,020 
Stockholders’ equity42,309 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 income135 27 
Grant income61 439 
Total (loss) income(261)(2,174)
Expense
Interest expense on borrowings1,233 839 
Salaries and employee benefits667 712 
Shareholder expense215 155 
Other601 521 
Total expense2,716 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 subsidiaries457 2,640 
Restricted stock vesting219 91 
Increase in other assets(59)(57)
Increase in accounts payable to subsidiaries1,825 976 
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 borrowings2,500 — 
Issuance of common stock1,000 — 
Net cash provided by financing activities3,500 — 
Net increase (decrease) in cash1,819 (765)
Cash and cash equivalents – beginning668 1,433 
Cash and cash equivalents – ending$2,487 $668