Fair Value Measurements (Tables)

6 Months Ended

Sep. 30, 2012

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]



$ in thousands	Fair Value Measurements at March 31, 2012, Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
	(in thousands)
Assets:
Mortgage servicing rights	$	—	$	—	$	491	$	491
Investment securities:
Available for sale:
U.S. Government Securities	3,361		—		—		3,361
Government National Mortgage Association	—		27,612		—		27,612
Federal Home Loan Mortgage Corporation	—		5,305		—		5,305
Federal National Mortgage Association	—		6,141		—		6,141
Corporates	—		1,949		—		1,949
Other	—		40,686		52		40,738
Total available for sale securities	$	3,361	$	81,693	$	52	$	85,106
Total assets	$	3,361	$	81,693	$	543	$	85,597

The following table presents, by valuation hierarchy, assets that are measured at fair value on a recurring basis as of September 30, 2012 and March 31, 2012, and that are included in the Company’s Consolidated Statements of Financial Condition at these dates:



$ in thousands	Fair Value Measurements at September 30, 2012, Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
	(in thousands)
Assets:
Mortgage servicing rights	$	—	$	—	$	465	$	465
Investment securities:
Available for sale:
U.S. Government Securities	3,105		—		—		3,105
Government National Mortgage Association	—		25,210		—		25,210
Federal Home Loan Mortgage Corporation	—		7,537		—		7,537
Federal National Mortgage Association	—		5,355		—		5,355
Asset-Backed Securities	—		15,264		—		15,264
Corporates	—		2,018		—		2,018
Other	—		55,922		51		55,973
Total available for sale securities	$	3,105	$	111,306	$	51	$	114,462
Total assets	$	3,105	$	111,306	$	516	$	114,927

Schedule of Servicing Assets at Fair Value [Table Text Block]

The following table includes a roll-forward of assets classified by the Company within Level 3 of the valuation hierarchy for the six months ended September 30, 2012 and 2011:



$ in thousands	Mortgage Servicing Rights			Securities Available for Sale

Beginning balance, April 1, 2012	$	491		$	52
Decrease in fair value due to other changes ⁽¹⁾	(26		)	(1		)
Issuances / (Settlements)	—			—
Transfers to/(from) Level 3	—			—
Ending balance, September 30, 2012	$	465		$	51

⁽¹⁾ Includes net servicing cash flows and the passage of time.



$ in thousands	Mortgage Servicing			Securities Available for
	Rights			Sale
Beginning April 1, 2011	$	626		$	45
Decrease in fair value due to other changes ⁽¹⁾	(105		)	—
Issuances / (Settlements)	—			—
Transfers to/(from) Level 3	—			—
Ending balance, September 30, 2011	$	521		$	45
⁽¹⁾ Includes net servicing cash flows and the passage of time.

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The following table presents assets and liabilities that were measured at fair value on a non-recurring basis as of September 30, 2012 and March 31, 2012 and that are included in the Company’s Consolidated Statements of Financial Condition as these dates:



$ in thousands	Fair Value Measurements at September 30, 2012, Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable		Total Fair
	(Level 1)		(Level 2)		Inputs (Level 3)		Value
Loans held-for-sale	$	—	$	26,830	$	—	$	26,830
Impaired loans with a specific reserve allocated	$	—	$	—	$	11,956	$	11,956



$ in thousands	Fair Value Measurements at March 31, 2012, Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable		Total Fair
	(Level 1)		(Level 2)		Inputs (Level 3)		Value
Loans held-for-sale	$	—	$	29,626	$	—	$	29,626
Impaired loans with a specific reserve allocated	$	—	$	—	$	17,784	$	17,784

- Definition

Tabular disclosure of assets and liabilities by class, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). The disclosures that may be required or desired include: (a) the fair value measurements recorded during the period and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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- Definition

Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes.

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