Fair Value of Financial Instruments (Tables)

9 Months Ended

Dec. 31, 2012

INVESTMENT SECURITIES [Abstract]

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amounts and estimated fair values of the Bank’s financial instruments at December 31, 2012 and March 31, 2012 are as follows:

$ in thousands	December 31, 2012
	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	$	121,850	$	121,850	$	121,850	$	—	$	—
Restricted cash	6,416		6,416		6,416		—		—
Securities available-for-sale	109,936		109,936		2,802		107,084		50
FHLB Stock	3,368		3,368		—		3,368		—
Securities held-to-maturity	9,565		10,191		—		10,191		—
Loans receivable	349,971		357,012		—		—		357,012
Loans held-for-sale	18,991		18,991		—		18,991		—
Accrued interest receivable	2,359		2,359		—		2,359		—
Mortgage servicing rights	419		419		—		—		419
Financial Liabilities:
Deposits	$	501,649	$	495,952	$	289,613	$	206,339	$	—
Advances from FHLB of New York	55,000		55,895		—		55,895		—
Other borrowed money	18,403		18,897		—		18,897		—

$ in thousands	March 31, 2012
	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	$	91,697	$	91,697	$	91,697	$	—	$	—
Restricted cash	6,416		6,415		6,415		—		—
Securities available-for-sale	85,106		85,106		3,361		81,693		52
FHLB Stock	2,168		2,168		—		2,168		—
Securities held-to-maturity	11,081		11,774		—		11,774		—
Loans receivable	393,037		398,258		—		—		398,258
Loans held-for-sale	29,626		29,626		—		29,626		—
Accrued interest receivable	2,256		2,256		—		2,256		—
Mortgage servicing rights	491		491		—		—		491
Financial Liabilities:
Deposits	$	532,597	$	524,535	$	305,196	$	219,339	$	—
Advances from FHLB of New York	25,026		26,331		—		26,331		—
Other borrowed money	18,403		18,886		—		18,886		—