XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.3

Loans Receivable and ACL (Tables)

6 Months Ended

Sep. 30, 2025

Loans and Leases Receivable Disclosure [Abstract]

Loans Receivable and ACL

The following is a summary of loans receivable, net of allowance for credit losses at September 30, 2025 and March 31, 2025:

						September 30, 2025												March 31, 2025
$ in thousands						Amount						Percent						Amount						Percent
Loans receivable:
One-to-four family						$	70,936					12.0		%				$	74,387					12.1		%
Multifamily						162,435						27.4		%				165,812						27.0		%
Commercial real estate						168,016						28.3		%				178,257						29.1		%
Construction						4,693						0.8		%				4,567						0.7		%
Business (1)						161,515						27.2		%				164,964						26.9		%
Consumer (2)						25,337						4.3		%				25,697						4.2		%
Total loans receivable						$	592,932					100.0		%				$	613,684					100.0		%
Allowance for credit losses						(6,129)												(6,337)
Total loans receivable, net						$	586,803											$	607,347

(1) Includes PPP loans and business overdrafts

(2) Includes personal loans and consumer overdrafts

Allowance for Credit Losses

The following is an analysis of the allowance for credit losses based upon the method of evaluating loan reserves under the expected loss methodology for the three and six months ended September 30, 2025 and 2024, and the fiscal year ended March 31, 2025.

Three months ended September 30, 2025
$ in thousands						One-to-four family						Multifamily						Commercial Real Estate						Construction						Business						Consumer						Other						Total
Allowance for credit losses:
Beginning Balance						$	1,538					$	1,339					$	922					$	1					$	1,774					$	734					$	13					$	6,321
Charge-offs						—						—						—						—						(39)						(142)						—						(181)
Recoveries						—						—						—						—						2						2						—						4
Provision for (recovery of) Credit Losses						(54)						(39)						15						—						—						32						31						(15)
Ending Balance						$	1,484					$	1,300					$	937					$	1					$	1,737					$	626					$	44					$	6,129

Six months ended September 30, 2025
$ in thousands						One-to-four family						Multifamily						Commercial Real Estate						Construction						Business						Consumer						Other						Total
Allowance for credit losses:
Beginning Balance						$	1,799					$	820					$	1,465					$	3					$	1,646					$	593					$	11					$	6,337
Charge-offs						—						—						—						—						(39)						(189)						—						(228)
Recoveries						—						—						—						—						8						53						—						61
Provision for (recovery of) Credit Losses						(315)						480						(528)						(2)						122						169						33						(41)
Ending Balance						$	1,484					$	1,300					$	937					$	1					$	1,737					$	626					$	44					$	6,129
Allowance for Credit Losses Ending Balance: collectively evaluated for impairment						$	1,484					$	1,300					$	876					$	1					$	1,674					$	524					$	44					$	5,903
Allowance for Credit Losses Ending Balance: individually evaluated for impairment						—						—						61						—						63						102						—						226
Loan Receivables Ending Balance:						$	70,936					$	162,435					$	168,016					$	4,693					$	161,515					$	25,337					$	—					$	592,932
Ending Balance: collectively evaluated for impairment						68,476						156,476						159,979						4,693						147,335						25,146						—						562,105
Ending Balance: individually evaluated for impairment						2,460						5,959						8,037						—						14,180						191						—						30,827

At March 31, 2025
$ in thousands						One-to-four family						Multifamily						Commercial Real Estate						Construction						Business						Consumer						Other						Total
Allowance for Credit Losses Ending Balance:						$	1,799					$	820					$	1,465					$	3					$	1,646					$	593					$	11					$	6,337
Allowance for Credit Losses Ending Balance: collectively evaluated for impairment						1,799						820						1,404						3						1,547						560						11						6,144
Allowance for Credit Losses Ending Balance: individually evaluated for impairment						—						—						61						—						99						33						—						193
Loan Receivables Ending Balance:						$	74,387					$	165,812					$	178,257					$	4,567					$	164,964					$	25,697					$	—					$	613,684
Ending Balance: collectively evaluated for impairment						72,888						161,879						169,935						4,567						151,885						25,664						—						586,818
Ending Balance: individually evaluated for impairment						1,499						3,933						8,322						—						13,079						33						—						26,866

Nonaccrual Loans

The following is a summary of nonaccrual loans, at amortized cost, at September 30, 2025 and March 31, 2025.

						September 30, 2025
$ in thousands						Nonaccrual Loans with No Allowance						Nonaccrual Loans with an Allowance						Total Nonaccrual Loans
Gross loans receivable:
One-to-four family						$	3,222					$	—					$	3,222
Multifamily						4,522						—						4,522
Commercial real estate						6,956						—						6,956
Business						9,494						2,295						11,789
Consumer						63						128						191
Total nonaccrual loans						$	24,257					$	2,423					$	26,680

						March 31, 2025
$ in thousands						Nonaccrual Loans with No Allowance						Nonaccrual Loans with an Allowance						Total Nonaccrual Loans
Gross loans receivable:
One-to-four family						$	1,519					$	—					$	1,519
Multifamily						3,937						—						3,937
Commercial real estate						4,545						2,202						6,747
Business						12,255						104						12,359
Consumer						—						33						33
Total nonaccrual loans						$	22,256					$	2,339					$	24,595

Credit Quality Indicators

:

At September 30, 2025
$ in thousands						2025						2024						2023						2022						2021						2020 and earlier												Total
Credit Risk Profile by Internally Assigned Grade:
Multifamily
Pass						$	858					$	1,712					$	6,467					$	48,007					$	38,476					$	53,115											$	148,635
Special Mention						—						—						—						1,583						7,841						—												9,424
Substandard						—						—						—						1,126						2,180						1,070												4,376
Doubtful						—						—						—						—						—						—												—
Loss						—						—						—						—						—						—												—
Total						858						1,712						6,467						50,716						48,497						54,185												162,435
Commercial Real Estate
Pass						$	3,826					$	12,781					$	28,654					$	29,572					$	19,284					$	63,445											$	157,562
Special Mention						—						—						—						—						—						2,183												2,183
Substandard						—						—						—						915						2,203						5,153												8,271
Doubtful						—						—						—						—						—						—												—
Loss						—						—						—						—						—						—												—
Total						3,826						12,781						28,654						30,487						21,487						70,781												168,016
Construction
Pass						$	—					$	—					$	4,693					$	—					$	—					$	—											$	4,693
Special Mention						—						—						—						—						—						—												—
Substandard						—						—						—						—						—						—												—
Doubtful						—						—						—						—						—						—												—
Loss						—						—						—						—						—						—												—
Total						—						—						4,693						—						—						—												4,693
Business
Pass						$	12,916					$	23,734					$	17,836					$	24,350					$	34,196					$	30,524											$	143,556
Special Mention						—						—						—						1,786						1,972						—												3,758
Substandard						—						41						33						9,347						4,396						384												14,201
Doubtful						—						—						—						—						—						—												—
Loss						—						—						—						—						—						—												—
Total						12,916						23,775						17,869						35,483						40,564						30,908												161,515
Gross charge-offs						—						—						39						—						—						—												39
Credit Risk Profile Based on Payment Activity:
One-to-four Family
Performing						$	—					$	—					$	19,510					$	3,764					$	12,410					$	32,792											$	68,476
Non-Performing						—						—						—						—						—						2,460												2,460
Total						—						—						19,510						3,764						12,410						35,252												70,936
Consumer
Performing						$	14,093					$	3,746					$	6,542					$	178					$	—					$	587											$	25,146
Non-Performing						51						30						90						20						—						—												191
Total						14,144						3,776						6,632						198						—						587												25,337
Gross charge-offs						—						56						115						18						—						—												189
Total Loans (excluding gross charge-offs)						$	31,744					$	42,044					$	83,825					$	120,648					$	122,958					$	191,713											$	592,932

At March 31, 2025
$ in thousands						2025						2024						2023						2022						2021						2020 and earlier												Total
Credit Risk Profile by Internally Assigned Grade:
Multifamily
Pass						$	—					$	1,719					$	6,501					$	50,072					$	37,122					$	57,167											$	152,581
Special Mention						—						—						—						—						10,004						—												10,004
Substandard						—						—						—						1,093						1,380						754												3,227
Doubtful						—						—						—						—						—						—												—
Loss						—						—						—						—						—						—												—
Total						—						1,719						6,501						51,165						48,506						57,921												165,812
Commercial Real Estate
Pass						$	1,750					$	12,913					$	28,834					$	30,728					$	20,250					$	71,793											166,268
Special Mention						—						—						—						—						3,023						644												3,667
Substandard						—						—						—						—						3,800						4,522												8,322
Doubtful						—						—						—						—						—						—												—
Loss						—						—						—						—						—						—												—
Total						1,750						12,913						28,834						30,728						27,073						76,959												178,257
Construction
Pass						$	—					$	—					$	4,567					$	—					$	—					$	—											4,567
Special Mention						—						—						—						—						—						—												—
Substandard						—						—						—						—						—						—												—
Doubtful						—						—						—						—						—						—												—
Loss						—						—						—						—						—						—												—
Total						—						—						4,567						—						—						—												4,567
Business
Pass						$	2,807					$	24,325					$	18,978					$	25,906					$	39,992					$	38,115											150,123
Special Mention						—						—						—						1,803						438						—												2,241
Substandard						—						—						—						7,950						4,307						343												12,600
Doubtful						—						—						—						—						—						—												—
Loss						—						—						—						—						—						—												—
Total						2,807						24,325						18,978						35,659						44,737						38,458												164,964
Gross charge-offs						—						—						—						160						—						129												289
Credit Risk Profile Based on Payment Activity:
One-to-four Family
Performing						$	—					$	—					$	20,793					$	3,764					$	12,411					$	35,920											72,888
Non-Performing						—						—						—						—						—						1,499												1,499
Total						—						—						20,793						3,764						12,411						37,419												74,387
Consumer
Performing						$	11,206					$	4,556					$	8,384					$	304					$	—					$	1,193											25,643
Non-Performing						—						22						17						15						—						—												54
Total						11,206						4,578						8,401						319						—						1,193												25,697
Gross charge-offs						—						52						303						14						—						212												581
Total Loans (excluding gross charge-offs)						$	15,763					$	43,535					$	88,074					$	121,635					$	132,727					$	211,950											$	613,684

Past Due Financing Receivables

The following tables present an aging analysis of the amortized cost of past due loans receivables at September 30, 2025 and March 31, 2025.

.

September 30, 2025
$ in thousands						30-59 Days Past Due						60-89 Days Past Due						90 or More Days Past Due						Total Past Due						Current						Total Loans Receivables
One-to-four family						$	—					$	1,290					$	3,080					$	4,370					$	66,566					$	70,936
Multifamily						—						3,809						4,423						8,232						154,203						162,435
Commercial real estate						—						—						6,953						6,953						161,063						168,016
Construction						—						—						—						—						4,693						4,693
Business						71						2,985						8,475						11,531						149,984						161,515
Consumer						33						122						108						263						25,074						25,337
Total						$	104					$	8,206					$	23,039					$	31,349					$	561,583					$	592,932

March 31, 2025
$ in thousands						30-59 Days Past Due						60-89 Days Past Due						90 or More Days Past Due						Total Past Due						Current						Total Loans Receivables
One-to-four family						$	804					$	—					$	1,499					$	2,303					$	72,084					$	74,387
Multifamily						7,521						1,093						2,840						11,454						154,358						165,812
Commercial real estate						1,314						—						6,722						8,036						170,221						178,257
Construction						—						—						—						—						4,567						4,567
Business						9,265						956						12,156						22,377						142,587						164,964
Consumer						108						85						33						226						25,471						25,697
Total						$	19,012					$	2,134					$	23,250					$	44,396					$	569,288					$	613,684

Collateral Dependent Loans

The following table presents the amortized cost of collateral dependent loans with the associated allowance amount, if applicable, as of September 30, 2025 and March 31, 2025:

						At September 30, 2025																		At March 31, 2025
						Collateral Type																		Collateral Type
$ in thousands						Real Estate						Other						Allowance Allocated						Real Estate						Other						Allowance Allocated
One-to-four family						$	2,460					$	—					$	—					$	1,012					$	487					$	—
Multifamily						5,959						—						—						3,933						—						—
Commercial real estate						8,037						—						61						8,322						—						61
Business						14,043						137						63						13,018						62						99
Consumer						—						191						102						4						28						33
						$	30,499					$	328					$	226					$	26,289					$	577					$	193

X

- Definition

Financing Receivable, Collateral Dependent

+ References

No definition available.

+ Details

Name:	carv_FinancingReceivableCollateralDependentTableTextBlock
Namespace Prefix:	carv_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-5

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LoansAndLeasesReceivableDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 80
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479294/326-20-55-80

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivable on nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-16

+ Details

Name:	us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration