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Income Taxes (Tables) | 12 Months Ended
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Mar. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate Reconciliation | The following is a reconciliation of the expected Federal income tax rate to the consolidated effective tax rate for the years ended March 31:
| 2025 |  | 2024 |  |
$ in thousands | Amount |  | Percent |  | Amount |  | Percent |  |  |  |
Statutory Federal income tax expense (benefit) | $ | (2,886) |  |  | 21.0 | % |  | $ | (625) |  |  | 21.0 | % |  |  |  |
Federal deferred tax adjustments | — |  |  | — |  |  | 4 |  |  | (0.2) |  |  |  |  |
Change in valuation allowance | 2,919 |  |  | (21.2) |  |  | 713 |  |  | (23.9) |  |  |  |  |
Bank owned life insurance | (37) |  |  | 0.3 |  |  | (96) |  |  | 3.2 |  |  |  |  |
Other | 4 |  |  | (0.1) |  |  | 4 |  |  | (0.1) |  |  |  |  |
Total income tax expense (benefit) | $ | — |  |  | — | % |  | $ | — |  |  | — | % |  |  |  |
Deferred Tax Assets and Liabilities | Tax effects of existing temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities are included in other assets at March 31 as follows:
$ in thousands | 2025 |  | 2024
Deferred Tax Assets: |  |  |
Allowance for credit losses | $ | 2,145 |  |  | $ | 1,987 |
Compensation and benefits | 39 |  |  | 39 |
Nonaccrual loan interest | 425 |  |  | 188 |
Net operating loss carryforward | 24,352 |  |  | 20,168 |
New markets tax credit | 3,434 |  |  | 3,434 |
Unrealized loss on available-for-sale securities | 2,510 |  |  | 2,668 |
Lease liability | 3,011 |  |  | 3,629 |
Other | 93 |  |  | 58 |
Total Deferred Tax Assets | 36,009 |  |  | 32,171 |
Deferred Tax Liabilities: |  |  |
Depreciation | 355 |  |  | 501 |
ROU asset | 2,799 |  |  | 3,366 |
Other | 2 |  |  | — |
Total Deferred Tax Liabilities | 3,156 |  |  | 3,867 |
Deferred Tax Assets, net | 32,853 |  |  | 28,304 |
Valuation Allowance | (32,853) |  |  | (28,304) |
Deferred Tax Assets, net of valuation allowance | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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