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Investment Securities (Tables)

6 Months Ended

Sep. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Unrealized Gain (Loss) on Investments

The following tables set forth the amortized cost and fair value of securities available-for-sale and held-to-maturity at September 30, 2025 and March 31, 2025:

						At September 30, 2025
						Amortized						Gross Unrealized
$ in thousands						Cost						Gains						Losses						Fair Value
Available-for-Sale:
Mortgage-backed Securities:
Government National Mortgage Association						$	189					$	5					$	—					$	194
Federal Home Loan Mortgage Corporation						18,141						—						(3,725)						14,416
Federal National Mortgage Association						9,878						—						(1,918)						7,960
Total mortgage-backed securities						28,208						5						(5,643)						22,570
U.S. Government Agency Securities						3,945						1						(14)						3,932
Corporate Bonds						5,261						—						(2,376)						2,885
Muni Securities						17,662						—						(2,980)						14,682
Total available-for-sale						$	55,076					$	6					$	(11,013)					$	44,069
Held-to-Maturity:
Mortgage-backed Securities:
Government National Mortgage Association						$	242					$	—					$	(4)					$	238
Federal National Mortgage Association and Other						1,408						—						(27)						1,381
Total held-to maturity						$	1,650					$	—					$	(31)					$	1,619

						At March 31, 2025
						Amortized						Gross Unrealized
$ in thousands						Cost						Gains						Losses						Fair Value
Available-for-Sale:
Mortgage-backed Securities:
Government National Mortgage Association						$	204					$	5					$	—					$	209
Federal Home Loan Mortgage Corporation						18,779						—						(4,017)						14,762
Federal National Mortgage Association						10,231						—						(2,130)						8,101
Total mortgage-backed securities						29,214						5						(6,147)						23,072
U.S. Government Agency Securities						4,326						—						(16)						4,310
Corporate Bonds						5,262						—						(2,442)						2,820
Muni Securities						17,673						—						(3,353)						14,320
Total available-for-sale						$	56,475					$	5					$	(11,958)					$	44,522
Held-to-Maturity:
Mortgage-backed Securities:
Government National Mortgage Association						$	249					$	—					$	(9)					$	240
Federal National Mortgage Association and Other						1,501						—						(43)						1,458
Total held-to-maturity						$	1,750					$	—					$	(52)					$	1,698

Schedule of Unrealized Loss on Investments

The following tables set forth the unrealized losses and fair value of securities in an unrealized loss position at September 30, 2025 and March 31, 2025 for less than 12 months and 12 months or longer:

						At September 30, 2025
						Less than 12 months												12 months or longer												Total
$ in thousands						Unrealized Losses						Fair Value						Unrealized Losses						Fair Value						Unrealized Losses						Fair Value
Available-for-Sale:
Mortgage-backed securities						$	—					$	—					$	(5,643)					$	22,376					$	(5,643)					$	22,376
U.S. Government Agency securities						(10)						2,256						(4)						524						(14)						2,780
Corporate bonds						—						—						(2,376)						2,885						(2,376)						2,885
Muni securities						—						—						(2,980)						14,682						(2,980)						14,682
Total available-for-sale securities						$	(10)					$	2,256					$	(11,003)					$	40,467					$	(11,013)					$	42,723
Held-to-Maturity:
Mortgage-backed securities						$	—					$	—					$	(31)					$	1,593					$	(31)					$	1,593
Total held-to-maturity securities						$	—					$	—					$	(31)					$	1,593					$	(31)					$	1,593

						At March 31, 2025
						Less than 12 months												12 months or longer												Total
$ in thousands						Unrealized Losses						Fair Value						Unrealized Losses						Fair Value						Unrealized Losses						Fair Value
Available-for-Sale:
Mortgage-backed securities						$	—					$	—					$	(6,147)					$	22,863					$	(6,147)					$	22,863
U.S. Government Agency securities						(11)						3,467						(5)						843						(16)						4,310
Corporate bonds						—						—						(2,442)						2,820						(2,442)						2,820
Muni securities						—						—						(3,353)						14,320						(3,353)						14,320
Total available-for-sale securities						$	(11)					$	3,467					$	(11,947)					$	40,846					$	(11,958)					$	44,313
Held-to-Maturity:
Mortgage-backed securities						$	—					$	—					$	(52)					$	1,670					$	(52)					$	1,670
Total held-to-maturity securities						$	—					$	—					$	(52)					$	1,670					$	(52)					$	1,670

Investments Classified by Contractual Maturity Date

The following is a summary of the amortized cost and fair value of debt securities at September 30, 2025, by remaining period to contractual maturity (ignoring earlier call dates, if any).  Actual maturities may differ from contractual maturities because certain security issuers have the right to call or prepay their obligations.  The table below does not consider the effects of possible prepayments or unscheduled repayments.

$ in thousands						Amortized Cost						Fair Value						Weighted Average Yield
Available-for-Sale:
One through five years						$	528					$	524					5.63		%
Five through ten years						15,155						12,765						2.27		%
After ten years						11,185						8,210						3.90		%
Mortgage-backed securities						28,208						22,570						1.64		%
Total						$	55,076					$	44,069					2.29		%
Held-to-maturity:
Mortgage-backed securities						$	1,650					$	1,619					2.87		%

X

- Definition

Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479081/326-30-55-8

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-6

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479106/326-30-50-4

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