Fair Value of Financial Instruments (Tables)

9 Months Ended

Dec. 31, 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 December 31, 2014 and March 31, 2014 are as follows:

	December 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	$	64,911	$	64,911	$	64,911	$	—	$	—
Restricted cash	6,354		6,354		—		6,354		—
Securities available-for-sale	100,448		100,448		—		100,401		47
FHLB Stock	2,439		2,439		—		2,439		—
Securities held-to-maturity	12,253		12,433		—		12,433		—
Loans receivable	429,654		435,350		—		—		435,350
Loans held-for-sale	2,606		2,606		—		2,606		—
Accrued interest receivable	2,659		2,659		—		2,659		—
Mortgage servicing rights	211		211		—		—		211
Financial Liabilities:
Deposits	521,045		502,094		305,066		197,028		—
Advances from FHLB of New York	44,000		41,834		—		41,834		—
Other borrowed money	18,403		18,927		—		18,927		—

	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		—