Fair Value of Financial Instruments (Tables)

12 Months Ended

Mar. 31, 2013

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The following is a summary of the carrying value (amortized cost) and fair value of securities at March 31, 2013, 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 Avg Rate
Available-for-Sale:
One through five years	999		1,045		2.00	%
Five through ten years	32,553		32,807		1.51	%
After ten years	81,457		82,199		2.64	%
	$	115,009	$	116,051	2.31	%

Held-to-maturity:
One through five years	$	9	$	9	2.32	%
Five through ten years	171		179		4.43	%
After ten years	8,863		9,441		4.32	%
	$	9,043	$	9,629	4.32	%

The carrying amounts and estimated fair values of the Bank's financial instruments and estimation methodologies at March 31 are as follows:



$ in thousands	March 31, 2013
	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	$	104,646	$	104,646	$	104,646	$	—	$	—
Restricted cash	10,666		10,666		—		10,666		—
Securities available-for-sale	116,051		116,051		—		116,000		51
FHLB Stock	3,503		3,503		—		3,503		—
Securities held-to-maturity	9,043		9,629		—		9,629		—
Loans receivable	359,133		366,433		—		—		366,433
Loans held-for-sale	13,107		13,107		—		13,107		—
Accrued interest receivable	2,247		2,247		—		2,247		—
Mortgage servicing rights	275		275		—		—		275
Financial Liabilities:
Deposits	$	495,716	$	488,323	$	287,625	$	200,698	$	—
Advances from FHLB of New York	58,000		58,697		—		58,697		—
Other borrowed money	18,403		18,900		—		18,900		—



$ 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	6,415		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	—