Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2012

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

The following table presents, by valuation hierarchy, assets that are measured at fair value on a recurring basis as of December 31, 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 December 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	$	—	$	—	$	419	$	419
Investment securities:
Available for sale:
U.S. Government Securities	2,802		—		—		2,802
Government National Mortgage Association	—		23,005		—		23,005
Federal Home Loan Mortgage Corporation	—		6,920		—		6,920
Federal National Mortgage Association	—		4,805		—		4,805
Asset-Backed Securities	—		15,349		—		15,349
Corporates	—		2,022		—		2,022
Other	—		54,983		50		55,033
Total available for sale securities	$	2,802	$	107,084	$	50	$	109,936
Total assets	$	2,802	$	107,084	$	469	$	110,355



$ 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

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 nine months ended December 31, 2012 and 2011:



$ in thousands			Total Realized/Unrealized Gains/(Losses) Recorded in Income ⁽¹⁾										Change in Unrealized Gains and (Losses) Related to Instruments Held at December 31, 2012
	Beginning balance, April 1, 2012					Issuances / (Settlements)			Transfers to/(from) Level 3		Ending balance, December 31, 2012

Securities Available for Sale	$	52	$	—		$	(2	)	$	—	$	50	$	—

Mortgage Servicing Rights	491		(72		)	—			—		419		(68		)

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



$ in thousands			Total Realized/Unrealized Gains/(Losses) Recorded in Income ⁽¹⁾						Change in Unrealized Gains and (Losses) Related to Instruments Held at December 31, 2011
	Beginning balance, April 1, 2011				Issuances / (Settlements)	Transfers to/(from) Level 3	Ending balance, December 31, 2011

Securities Available for Sale	$	45	—		—	—	$	45	—

Mortgage Servicing Rights	626		(117	)	—	—	509		(106	)
⁽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 December 31, 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 December 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	$	—	$	18,991	$	—	$	18,991
Impaired loans with a specific reserve allocated	$	—	$	—	$	11,971	$	11,971



$ 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 shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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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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