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Fair Value of Financial Instruments (Tables)
6 Months Ended
Sep. 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 September 30, 2024 and March 31, 2024 are as follows:
September 30, 2024
$ in thousandsCarrying
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$54,545 $54,545 $54,545 $— $— 
Securities available-for-sale48,111 48,111 — 48,111 — 
Securities held-to-maturity1,863 1,816 — 1,816 — 
Loans receivable612,972 599,625 — — 599,625 
Accrued interest receivable4,854 4,854 — 4,854 — 
Mortgage servicing rights131 131 — — 131 
Financial Liabilities:
Deposits$650,811 $648,602 $409,635 $238,967 $— 
Advances from FHLB-NY19,841 19,882 — 19,882 — 
Other borrowed money18,403 17,831 — 17,831 — 
Accrued interest payable1,160 1,160 — 1,160 — 

March 31, 2024
$ in thousandsCarrying
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-sale48,030 48,030 — 48,030 — 
Securities held-to-maturity2,008 1,905 — 1,905 — 
Loans receivable617,007 593,484 — — 593,484 
Accrued interest receivable3,662 3,662 — 3,662 — 
Mortgage servicing rights140 140 — — 140 
Financial Liabilities:
Deposits$646,999 $642,831 $420,663 $222,168 $— 
Advances from FHLB-NY28,027 27,920 — 27,920 — 
Other borrowed money18,403 17,623 — 17,623 — 
Accrued interest payable1,128 1,128 — 1,128 —