XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Fair Value of Financial Instruments (Tables) | 3 Months Ended
--- | ---
Jun. 30, 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 June 30, 2024 and March 31, 2024 are as follows:
|  | June 30, 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 |  | $ | 46,344 |  |  | $ | 46,344 |  |  | $ | 46,344 |  |  | $ | — |  |  | $ | — |
Securities available-for-sale |  | 46,945 |  |  | 46,945 |  |  | — |  |  | 46,945 |  |  | — |
Securities held-to-maturity |  | 1,940 |  |  | 1,839 |  |  | — |  |  | 1,839 |  |  | — |
Loans receivable |  | 620,910 |  |  | 594,559 |  |  | — |  |  | — |  |  | 594,559 |
Accrued interest receivable |  | 3,669 |  |  | 3,669 |  |  | — |  |  | 3,669 |  |  | — |
Mortgage servicing rights |  | 130 |  |  | 130 |  |  | — |  |  | — |  |  | 130 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 638,453 |  |  | $ | 635,958 |  |  | $ | 420,423 |  |  | $ | 215,535 |  |  | $ | — |
Advances from FHLB-NY |  | 29,841 |  |  | 29,738 |  |  | — |  |  | 29,738 |  |  | — |
Other borrowed money |  | 18,403 |  |  | 17,661 |  |  | — |  |  | 17,661 |  |  | — |
Accrued interest payable |  | 1,097 |  |  | 1,097 |  |  | — |  |  | 1,097 |  |  | — |
|  | 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-NY |  | 28,027 |  |  | 27,920 |  |  | — |  |  | 27,920 |  |  | — |
Other borrowed money |  | 18,403 |  |  | 17,623 |  |  | — |  |  | 17,623 |  |  | — |
Accrued interest payable |  | 1,128 |  |  | 1,128 |  |  | — |  |  | 1,128 |  |  | — |

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