Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2013

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



	Fair Value Measurements at March 31, 2013, Using
$ in thousands	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Assets:
Mortgage servicing rights	$	—	$	—	$	275	$	275
Investment securities:
Available-for-sale:
Mortgage-backed securities:
Agency mortgage-backed securities	—		23,840		—		23,840
Federal Home Loan Mortgage Corporation	—		16,059		—		16,059
Federal National Mortgage Association	—		4,303		—		4,303
Asset-backed Securities	—		15,519		—		15,519
U.S. Government Agency Securities	—		44,325		—		44,325
Small Business Association	—		1,964		—		1,964
CRA investment fund	—		9,991		50		10,041
Total available-for-sale securities	—		116,001		50		116,051
Total assets	$	—	$	116,001	$	325	$	116,326

The following table presents, by valuation hierarchy, assets that are measured at fair value on a recurring basis as of December 31, 2013 and March 31, 2013, and that are included in the Company’s Consolidated Statements of Financial Condition at these dates:



	Fair Value Measurements at December 31, 2013, Using
$ in thousands	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Assets:
Mortgage servicing rights	$	—	$	—	$	281	$	281
Investment securities:
Available-for-sale:
Mortgage-backed securities:
Government National Mortgage Association	—		5,667		—		5,667
Federal Home Loan Mortgage Corporation	—		12,980		—		12,980
Federal National Mortgage Association	—		10,542		—		10,542
U.S. Government Agency Securities	—		45,887		—		45,887
CRA investment fund	—		9,477		49		9,526
Total available-for-sale securities	—		84,553		49		84,602
Total assets	$	—	$	84,553	$	330	$	84,883

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, 2013 and 2012:



			Total Realized/Unrealized Gains/(Losses) Recorded in Income ⁽¹⁾									Change in Unrealized Gains and (Losses) Related to Instruments Held at December 31, 2013
$ in thousands	Beginning balance, April 1, 2013				Issuances / (Settlements)			Transfers to/(from) Level 3		Ending balance, December 31, 2013
Securities Available-for-Sale	$	51	$	—	$	(2	)	$	—	$	49	$	—

Mortgage servicing rights	275		6		—			—		281		5



			Total Realized/Unrealized Gains/(Losses) Recorded in Income ⁽¹⁾										Change in Unrealized Gains and (Losses) Related to Instruments Held at December 31, 2012
$ in thousands	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		)

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



	Fair Value Measurements at March 31, 2013, Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable		Total Fair
$ in thousands	(Level 1)		(Level 2)		Inputs (Level 3)		Value
Loans held-for-sale	$	—	$	13,107	$	—	$	13,107
Impaired loans with a specific reserve allocated	$	—	$	—	$	13,397	$	13,397
Other real estate owned	$	—	$	2,386	$	—	$	2,386

The following table presents assets and liabilities that were measured at fair value on a non-recurring basis as of December 31, 2013 and March 31, 2013 and that are included in the Company’s Consolidated Statements of Financial Condition at these dates:



	Fair Value Measurements at December 31, 2013, Using
	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable		Total Fair
$ in thousands	(Level 1)		(Level 2)		Inputs (Level 3)		Value
Loans held-for-sale	$	—	$	7,678	$	—	$	7,678
Impaired loans with a specific reserve allocated	$	—	$	—	$	10,246	$	10,246
Other real estate owned	$	—	1,423		—		$	1,423

- 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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