Fair Value of Financial Instruments (Tables)

6 Months Ended

Sep. 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 September 30, 2014 and March 31, 2014 are as follows:

	September 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	$	102,351	$	102,351	$	102,351	$	—	$	—
Restricted cash	6,354		6,354		—		6,354		—
Securities available-for-sale	94,714		94,714		—		94,666		48
FHLB Stock	2,574		2,754		—		2,754		—
Securities held-to-maturity	8,654		8,722		—		8,722		—
Loans receivable	403,838		404,371		—		—		404,371
Loans held-for-sale	2,606		2,606		—		2,606		—
Accrued interest receivable	3,180		3,180		—		3,180		—
Mortgage servicing rights	239		239		—		—		239
Financial Liabilities:
Deposits	520,410		508,278		311,853		196,425		—
Advances from FHLB of New York	44,000		45,383		—		45,383		—
Other borrowed money	18,403		18,923		—		18,923		—

	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		—