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v3.25.2

Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Jun. 30, 2025
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, 2025 and March 31, 2025 are as follows:
|  | June 30, 2025
$ 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 |  | $ | 43,835 |  |  | $ | 43,835 |  |  | $ | 43,835 |  |  | $ | — |  |  | $ | — |
Securities available-for-sale |  | 43,836 |  |  | 43,836 |  |  | — |  |  | 43,836 |  |  | — |
Securities held-to-maturity |  | 1,704 |  |  | 1,662 |  |  | — |  |  | 1,662 |  |  | — |
Loans receivable |  | 598,937 |  |  | 593,421 |  |  | — |  |  | — |  |  | 593,421 |
Accrued interest receivable |  | 3,251 |  |  | 3,251 |  |  | — |  |  | 3,251 |  |  | — |
Mortgage servicing rights |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 645,531 |  |  | $ | 643,799 |  |  | $ | 401,744 |  |  | $ | 242,055 |  |  | $ | — |
Advances from FHLB-NY |  | 2,912 |  |  | 2,922 |  |  | — |  |  | 2,922 |  |  | — |
Other borrowed money |  | 18,403 |  |  | 17,969 |  |  | — |  |  | 17,969 |  |  | — |
Accrued interest payable |  | 991 |  |  | 991 |  |  | — |  |  | 991 |  |  | — |
|  | March 31, 2025
$ 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 |  | $ | 50,315 |  |  | $ | 50,315 |  |  | $ | 50,315 |  |  | $ | — |  |  | $ | — |
Securities available-for-sale |  | 44,522 |  |  | 44,522 |  |  | — |  |  | 44,522 |  |  | — |
Securities held-to-maturity |  | 1,750 |  |  | 1,698 |  |  | — |  |  | 1,698 |  |  | — |
Loans receivable |  | 607,347 |  |  | 593,030 |  |  | — |  |  | — |  |  | 593,030 |
Accrued interest receivable |  | 2,980 |  |  | 2,980 |  |  | — |  |  | 2,980 |  |  | — |
Mortgage servicing rights |  | 130 |  |  | 130 |  |  | — |  |  | — |  |  | 130 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 661,837 |  |  | $ | 658,537 |  |  | $ | 406,948 |  |  | $ | 251,589 |  |  | $ | — |
Advances from FHLB-NY |  | 1,814 |  |  | 1,817 |  |  | — |  |  | 1,817 |  |  | — |
Other borrowed money |  | 18,403 |  |  | 17,900 |  |  | — |  |  | 17,900 |  |  | — |
Accrued interest payable |  | 1,049 |  |  | 1,049 |  |  | — |  |  | 1,049 |  |  | — |

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- 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://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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