XML 56 R21.htm IDEA: XBRL DOCUMENT v2.4.1.9
Investment Securities (Tables)
 9 Months Ended
Dec. 31, 2014
INVESTMENT SECURITIES [Abstract]  
Investment Securities Amortized Cost and Estimated Fair Value [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, 2014:

 
 
Amortized
 
Gross Unrealized
 
 
$ in thousands
 
Cost
 
Gains
 
Losses
 
Fair-Value
Available-for-Sale:
 
 
 
 
 
 
 
 
Mortgage-backed securities:
 
 
 
 
 
 
 
 
Government National Mortgage Association
 
$
5,637

 
$
—

 
$
(102
)
 
$
5,535

Federal Home Loan Mortgage Corporation
 
11,244

 
—

 
(220
)
 
11,024

Federal National Mortgage Association
 
11,226

 
9

 
(152
)
 
11,083

Other
 
47

 
—

 
—

 
47

Total mortgage-backed securities
 
28,154

 
9

 
(474
)
 
27,689

U.S. Government Agency Securities
 
57,743

 
30

 
(1,238
)
 
56,535

Other investments
 
16,513

 
—

 
(289
)
 
16,224

Total available-for-sale
 
102,410

 
39

 
(2,001
)
 
100,448

Held-to-Maturity*:
 
 
 
 
 
 
 
 
Mortgage-backed securities:
 
 
 
 
 
 
 
 
Government National Mortgage Association
 
3,234

 
215

 
—

 
3,449

Federal National Mortgage Association
 
9,019

 
1

 
(36
)
 
8,984

Total held-to-maturity mortgage-backed securities
 
12,253

 
216

 
(36
)
 
12,433

Total securities
 
$
114,663

 
$
255

 
$
(2,037
)
 
$
112,881


* 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, 2014:

 
 
Amortized
 
Gross Unrealized
 
Estimated
$ in thousands
 
Cost
 
Gains
 
Losses
 
Fair Value
Available-for-Sale:
 
 
 
 
 
 
 
 
Mortgage-backed securities:
 
 
 
 
 
 
 
 
Government National Mortgage Association
 
$
5,972

 
$
—

 
$
(307
)
 
$
5,665

Federal Home Loan Mortgage Corporation
 
12,160

 
—

 
(564
)
 
11,596

Federal National Mortgage Association
 
10,897

 
—

 
(466
)
 
10,431

Other
 
49

 
—

 
—

 
49

Total mortgage-backed securities
 
29,078

 
—

 
(1,337
)
 
27,741

U.S. Government Agency Securities
 
55,155

 
—

 
(2,966
)
 
52,189

Other investments
 
10,000

 
—

 
(469
)
 
9,531

Total available-for-sale
 
94,233

 
—

 
(4,772
)
 
89,461

Held-to-Maturity*:
 
 
 
 
 
 
 
 
Mortgage-backed securities:
 
 
 
 
 
 
 
 
Government National Mortgage Association
 
3,743

 
225

 
—

 
3,968

Federal National Mortgage Association
 
5,079

 
—

 
(283
)
 
4,796

Total held-to-maturity mortgage-backed securities
 
8,822

 
225

 
(283
)
 
8,764

Other
 
207

 
—

 
—

 
207

Total held-to-maturity
 
9,029

 
225

 
(283
)
 
8,971

Total securities
 
$
103,262

 
$
225

 
$
(5,055
)
 
$
98,432


* 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 in an unrealized loss position at December 31, 2014 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
 
$
(7
)
 
$
2,813

 
$
(467
)
 
$
22,974

 
$
(474
)
 
$
25,787

U.S. Government Agency Securities
 
(28
)
 
4,930

 
(1,210
)
 
42,599

 
(1,238
)
 
47,529

Other investments (1)
 
—

 
—

 
(289
)
 
9,711

 
(289
)
 
9,711

Total available-for-sale securities
 
(35
)
 
7,743

 
(1,966
)
 
75,284

 
(2,001
)
 
83,027

 
 
 
 
 
 
 
 
 
 
 
 
 
Held-to-Maturity:
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
—

 
—

 
(36
)
 
4,971

 
(36
)
 
4,971

  Total held-to-maturity securities
 
—

 
—

 
(36
)
 
4,971

 
(36
)
 
4,971

  Total securities
 
$
(35
)
 
$
7,743

 
$
(2,002
)
 
$
80,255

 
$
(2,037
)
 
$
87,998


(1) CRA fund comprised of over 95% agency securities.











The following table sets forth the unrealized losses and fair value of securities in an unrealized loss position at March 31, 2014 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
 
$
(322
)
 
$
7,569

 
$
(1,015
)
 
$
20,123

 
$
(1,337
)
 
$
27,692

U.S. Government Agency Securities
 
(1,646
)
 
34,074

 
(1,320
)
 
18,115

 
(2,966
)
 
52,189

Other investments (1)
 
(469
)
 
9,531

 
—

 
—

 
(469
)
 
9,531

Total available-for-sale securities
 
(2,437
)
 
51,174

 
(2,335
)
 
38,238

 
(4,772
)
 
89,412

 
 
 
 
 
 
 
 
 
 
 
 
 
Held-to-Maturity:
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
(283
)
 
4,796

 
—

 
—

 
(283
)
 
4,796

Total held-to-maturity securities
 
(283
)
 
4,796

 
—

 
—

 
(283
)
 
4,796

Total securities
 
$
(2,720
)
 
$
55,970

 
$
(2,335
)
 
$
38,238

 
$
(5,055
)
 
$
94,208
Investments Classified by Contractual Maturity Date [Table Text Block]
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:
 
 
 
 
 
Less than one year
$
5,533

 
$
5,533

 
0.25
%
One through five years
16,480

 
16,404

 
1.34
%
Five through ten years
24,349

 
23,616

 
1.83
%
After ten years
56,048

 
54,895

 
1.74
%
Total
$
102,410

 
$
100,448

 
1.61
%
 
 
 
 
 
 
Held-to-maturity:
 
 
 
 
 
Five through ten years
$
5,007

 
$
4,971

 
2.38
%
After ten years
7,246

 
7,462

 
2.89
%
Total
$
12,253


$
12,433

 
2.68
%