Fair Value of Financial Instruments (Tables)

6 Months Ended

Sep. 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 September 30, 2016 and March 31, 2016 are as follows:



	September 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	$	73,786	$	73,185	$	73,185	$	—	$	—
Restricted cash	254		254		—		254		—
Securities available-for-sale	53,750		53,750		—		53,345		405
FHLB Stock	1,946		1,946		—		1,946		—
Securities held-to-maturity	14,458		14,890		—		14,890		—
Loans receivable	529,145		533,574		—		—		533,574
Loans held-for-sale	16,034		16,034		—		—		16,034
Accrued interest receivable	3,619		3,619		—		3,619		—
Mortgage servicing rights	190		190		—		—		190
Other assets - Interest-bearing deposits	984		984		—		984		—
Financial Liabilities:
Deposits	583,599		564,173		318,106		246,067		—
Advances from FHLB of New York	25,000		25,108		—		25,108		—
Other borrowed money	18,403		19,477		—		19,477		—
Accrued interest payable	124		124		—		124		—



	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		—