Investment Securities (Tables)

3 Months Ended

Jun. 30, 2016

Investments, Debt and Equity 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 June 30, 2016:



	Amortized		Gross Unrealized				Estimated
$ in thousands	Cost		Gains		Losses		Fair-Value
Available-for-Sale:
Mortgage-backed securities:
Government National Mortgage Association	$	4,201	$	55	$	—	$	4,256
Federal Home Loan Mortgage Corporation	7,375		4		44		7,335
Federal National Mortgage Association	7,546		32		—		7,578
Other	45		—		—		45
Total mortgage-backed securities	19,167		91		44		19,214
U.S. Government Agency Securities	24,601		151		2		24,750
Other investments	10,192		—		144		10,048
Total available-for-sale	53,960		242		190		54,012
Held-to-Maturity^*:
Mortgage-backed securities:
Government National Mortgage Association	2,256		165		—		2,421
Federal National Mortgage Association and Other	11,727		274		—		12,001
Total held-to-maturity mortgage-backed securities	13,983		439		—		14,422
Corporate Bonds	1,000		20		—		1,020
Total held-to maturity	14,983		459		—		15,442
Total securities	$	68,943	$	701	$	190	$	69,454

^* 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, 2016:



	Amortized		Gross Unrealized				Estimated
$ in thousands	Cost		Gains		Losses		Fair Value
Available-for-Sale:
Mortgage-backed securities:
Government National Mortgage Association	$	4,578	$	45	$	—	$	4,623
Federal Home Loan Mortgage Corporation	7,778		—		100		7,678
Federal National Mortgage Association	7,860		—		36		7,824
Other	45		—		—		45
Total mortgage-backed securities	20,261		45		136		20,170
U.S. Government Agency Securities	26,077		27		35		26,069
Other investments	10,148		—		207		9,941
Total available-for-sale	56,486		72		378		56,180
Held-to-Maturity^*:
Mortgage-backed securities:
Government National Mortgage Association	2,379		150		—		2,529
Federal National Mortgage Association and Other	11,932		192		—		12,124
Total held-to-maturity mortgage-backed securities	14,311		342		—		14,653
Corporate Bonds	1,000		—		—		1,000
Total held-to-maturity	15,311		342		—		15,653
Total securities	$	71,797	$	414	$	378	$	71,833

^* 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 June 30, 2016 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	$	—	$	—	$	44	$	5,893	$	44	$	5,893
U.S. Government Agency Securities	2		2,998		—		—		2		2,998
Other investments ⁽¹⁾	—		—		144		9,856		144		9,856
Total available-for-sale securities	$	2	$	2,998	$	188	$	15,749	$	190	$	18,747

⁽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, 2016 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	$	—	$	—	$	136	$	15,502	$	136	$	15,502
U.S. Government Agency Securities	3		2,996		32		11,242		35		14,238
Other investments ⁽¹⁾	—		—		207		9,793		207		9,793
Total available-for-sale securities	$	3	$	2,996	$	375	$	36,537	$	378	$	39,533

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

Investments Classified by Contractual Maturity Date [Table Text Block]

The following is a summary of the carrying value (amortized cost) and fair value of securities at June 30, 2016, by remaining period to contractual maturity (ignoring earlier call dates, if any). Actual maturities may differ from contractual maturities because certain security issuers have the right to call or prepay their obligations. 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:
One through five years	$	4,999	$	4,998	1.52	%
Five through ten years	12,120		12,184		2.05	%
After ten years	36,841		36,830		1.42	%
Total	$	53,960	$	54,012	1.57	%

Held-to-maturity:
Five through ten years	$	6,819	$	7,069	3.02	%
After ten years	8,164		8,373		2.60	%
Total	$	14,983	$	15,442	2.78	%