Investment Securities (Tables)

9 Months Ended

Dec. 31, 2013

INVESTMENT SECURITIES [Abstract]

Fair Value, Measurement Inputs, Disclosure [Table Text Block]

The following table sets forth the amortized cost and estimated fair value of securities available-for-sale and held-to-maturity at December 31, 2013:

	Amortized		Gross Unrealized
$ in thousands	Cost		Gains		Losses			Fair-Value
Available-for-Sale:
Mortgage-backed securities:
Government National Mortgage Association	$	6,036	$	—	$	(369	)	$	5,667
Federal Home Loan Mortgage Corporation	13,642		—		(662		)	12,980
Federal National Mortgage Association	11,124		—		(582		)	10,542
Other	49		—		—			49
Total mortgage-backed securities	30,851		—		(1,613		)	29,238
U.S. Government Agency Securities	50,187		—		(4,300		)	45,887
CRA investment fund	10,000		—		(523		)	9,477
Total available-for-sale	91,038		—		(6,436		)	84,602
Held-to-Maturity *:
Mortgage-backed securities:
Government National Mortgage Association	4,069		230		—			4,299
Federal Home Loan Mortgage Corporation	1,794		66		—			1,860
Federal National Mortgage Association	6,226		68		(361		)	5,933
Total held-to-maturity mortgage-backed securities	12,089		364		(361		)	12,092
Total securities	$	103,127	$	364	$	(6,797	)	$	96,694
* The carrying amount and amortized cost are the same for all held to maturity securities, as no OTTI has been recorded.

The following table sets forth the amortized cost and estimated fair value of securities available-for-sale and held-to-maturity at March 31, 2013:

	Amortized		Gross Unrealized					Estimated
$ in thousands	Cost		Gains		Losses			Fair Value
Available-for-Sale:
Mortgage-backed securities:
Government National Mortgage Association	$	23,164	$	676	$	—		$	23,840
Federal Home Loan Mortgage Corporation	16,059		104		(104		)	16,059
Federal National Mortgage Association	4,186		117		—			4,303
Other	50		—		—			50
Total mortgage-backed securities	43,459		897		(104		)	44,252
U.S. Government Agency Securities	44,363		139		(177		)	44,325
Asset-backed securities	15,268		251		—			15,519
Small Business Administration	1,919		45		—			1,964
CRA investment fund	10,000		—		(9		)	9,991
Total available-for-sale	115,009		1,332		(290		)	116,051
Held-to-Maturity:
Mortgage-backed securities *:
Government National Mortgage Association	5,335		404		—			5,739
Federal Home Loan Mortgage Corporation	2,387		103		—			2,490
Federal National Mortgage Association	1,321		79		—			1,400
Total held-to-maturity mortgage-backed securities	9,043		586		—			9,629
Total securities	$	124,052	$	1,918	$	(290	)	$	125,680
* The carrying amount and amortized cost are the same for all held to maturity securities, as no OTTI has been recorded.

Schedule of Unrealized Loss on Investments [Table Text Block]

The following table sets forth the unrealized losses and fair value of securities at December 31, 2013 for less than 12 months and 12 months or longer:

	Less than 12 months					12 months or longer					Total
$ in thousands	Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value
Available-for-Sale:
Mortgage-backed securities	$	(1,082	)	$	20,773	$	(531	)	$	8,415	$	(1,613	)	$	29,188
U.S. Government Agency Securities	(3,253		)	38,961		(1,047		)	6,926		(4,300		)	45,887
CRA investment fund	(523		)	9,477		—			—		(523		)	9,477
Total available-for-sale securities	(4,858		)	69,211		(1,578		)	15,341		(6,436		)	84,552
Held-to-Maturity:
Mortgage-backed securities	(361		)	4,742		—			—		(361		)	4,742
Total held-to-maturity	(361		)	4,742		—			—		(361		)	4,742
Total securities	$	(5,219	)	$	73,953	$	(1,578	)	$	15,341	$	(6,797	)	$	89,294

The following table sets forth the unrealized losses and fair value of securities in an unrealized loss position at March 31, 2013 for less than 12 months and 12 months or longer:

	Less than 12 months					12 months or longer				Total
$ in thousands	Unrealized Losses			Fair Value		Unrealized Losses		Fair Value		Unrealized Losses			Fair Value
Available-for-Sale:
Mortgage-backed securities	$	(104	)	$	10,298	$	—	$	—	$	(104	)	$	10,298
U.S. Government Agency Securities	(177		)	25,290		—		—		(177		)	25,290
CRA investment fund	(9		)	9,991		—		—		(9		)	9,991
Total available-for-sale securities	$	(290	)	$	45,579	$	—	$	—	$	(290	)	$	45,579

Investments Classified by Contractual Maturity Date [Table Text Block]

The following is a summary of the carrying value (amortized cost) and fair value of securities at December 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 theirobligations.  The table below does not consider the effects of possible prepayments or unscheduled repayments.

$ in thousands	Amortized Cost		Fair Value		Weighted Average Yield
Available-for-Sale:
One through five years	$	2,000	$	1,967	1.50	%
Five through ten years	24,387		22,823		1.65	%
After ten years	64,651		59,812		1.70	%
Total	$	91,038	$	84,602	1.69	%
Held-to-maturity:
One through five years	$	113	$	115	2.68	%
Five through ten years	5,209		4,860		2.49	%
After ten years	6,767		7,117		3.63	%
Total	$	12,089	$	12,092	3.13	%