Fair Value of Financial Instruments (Tables)

3 Months Ended

Jun. 30, 2016

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 June 30, 2016 and March 31, 2016 are as follows:



	June 30, 2016
$ 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	$	46,026	$	46,026	$	46,026	$	—	$	—
Restricted cash	225		225		—		225		—
Securities available-for-sale	54,012		54,012		—		53,775		237
FHLB Stock	2,216		2,216		—		2,216		—
Securities held-to-maturity	14,983		15,442		—		15,442		—
Loans receivable	556,495		559,098		—		—		559,098
Loans held-for-sale	5,829		5,829		—		—		5,829
Accrued interest receivable	4,310		4,310		—		4,310		—
Mortgage servicing rights	190		190		—		—		190
Other assets - Interest-bearing deposits	984		984		—		984		—
Financial Liabilities:
Deposits	579,943		562,867		311,978		250,889		—
Advances from FHLB of New York	31,000		31,204		—		31,204		—
Other borrowed money	18,403		19,402		—		19,402		—
Accrued interest payable	2,304		2,304		—		2,304		—



	March 31, 2016 ⁽¹⁾
$ 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	$	63,660	$	63,660	$	63,660	$	—	$	—
Restricted cash	225		225		—		225		—
Securities available-for-sale	56,180		56,180		—		55,987		193
FHLB Stock	2,883		2,883		—		2,883		—
Securities held-to-maturity	15,311		15,653		—		15,653		—
Loans receivable	583,787		585,650		—		—		585,650
Loans held-for-sale	2,495		2,495		—		—		2,495
Accrued interest receivable	3,647		3,647		—		3,647		—
Mortgage servicing rights	201		201		—		—		201
Other assets - Interest-bearing deposits	983		983		—		983		—
Financial Liabilities:
Deposits	606,741		585,394		329,398		255,996		—
Advances from FHLB of New York	50,000		50,141		—		50,141		—
Other borrowed money	18,403		18,734		—		18,734		—
Accrued interest payable	2,174		2,174		—		2,174		—