Fair Value of Financial Instruments (Tables)

3 Months Ended

Jun. 30, 2014

FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]

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

The carrying amounts and estimated fair values of the Bank’s financial instruments and estimation methodologies at June 30, 2014 and March 31, 2014 are as follows:

	June 30, 2014
$ in thousands	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	121,399	$	121,399	121,399	—	—
Restricted cash	6,354	6,354		—	6,354	—
Securities available-for-sale	95,715	95,715		—	95,667	48
FHLB Stock	2,772	2,772		—	2,772	—
Securities held-to-maturity	8,830	8,940		—	8,940	—
Loans receivable	383,820	383,089		—	—	383,089
Loans held-for-sale	2,611	2,611		—	2,611	—
Accrued interest receivable	2,590	2,590		—	2,590	—
Mortgage servicing rights	250	250		—	—	250
Financial Liabilities:
Deposits	518,756	$	503,391	297,850	205,541	—
Advances from FHLB of New York	44,000	45,197		—	45,197	—
Other borrowed money	18,403	18,919		—	18,919	—

	March 31, 2014
$ in thousands	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	122,554	122,554	122,554	—	—
Restricted cash	6,354	6,354	—	6,354	—
Securities available-for-sale	89,461	89,461	—	89,412	49
FHLB Stock	3,101	3,101	—	3,101	—
Securities held-to-maturity	9,029	8,971	—	8,971	—
Loans receivable	382,723	382,604	—	—	382,604
Loans held-for-sale	5,011	5,011	—	5,011	—
Accrued interest receivable	2,557	2,557	—	2,557	—
Mortgage servicing rights	265	265	—	—	265
Financial Liabilities:
Deposits	509,366	493,922	287,767	206,155	—
Advances from FHLB of New York	52,000	53,294	—	53,294	—
Other borrowed money	18,403	18,915	—	18,915	—