Fair Value of Financial Instruments (Tables)

6 Months Ended

Sep. 30, 2015

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, 2015 and March 31, 2015 are as follows:

	September 30, 2015
$ 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	$	57,672	$	57,672	$	57,672	$	—	$	—
Restricted cash	154		154		—		154		—
Securities available-for-sale	75,760		75,760		—		75,714		46
FHLB Stock	3,558		3,558		—		3,558		—
Securities held-to-maturity	16,087		16,311		—		16,311		—
Loans receivable	558,199		564,494		—		—		564,494
Loans held-for-sale	2,586		2,586		—		2,586		—
Accrued interest receivable	3,516		3,516		—		3,516		—
Mortgage servicing rights	205		205		—		—		205
Financial Liabilities:
Deposits	586,294		569,378		328,721		240,657		—
Advances from FHLB of New York	65,000		65,668		—		65,668		—
Other borrowed money	18,403		19,594		—		19,594		—

	March 31, 2015
$ 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	$	50,992	$	50,992	$	50,992	$	—	$	—
Restricted cash	6,354		6,354		—		6,354		—
Securities available-for-sale	101,185		101,185		—		101,138		47
FHLB Stock	3,519		3,519		—		3,519		—
Securities held-to-maturity	11,922		12,231		—		12,231		—
Loans receivable	478,716		485,458		—		—		485,458
Loans held-for-sale	2,576		2,576		—		2,576		—
Accrued interest receivable	2,781		2,781		—		2,781		—
Mortgage servicing rights	210		210		—		—		210
Financial Liabilities:
Deposits	527,761		511,160		309,897		201,263		—
Advances from FHLB of New York	65,000		65,827		—		65,827		—
Other borrowed money	18,403		18,931		—		18,931		—