Fair Value of Financial Instruments (Tables)

9 Months Ended

Dec. 31, 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 December 31, 2016 and March 31, 2016 are as follows:

	December 31, 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	$	61,464	$	61,464	$	61,464	$	—	$	—
Restricted cash	269		269		—		269		—
Securities available-for-sale	60,024		60,024		—		59,619		405
FHLB Stock	2,576		2,576		—		2,576		—
Securities held-to-maturity	13,913		13,907		—		13,907		—
Loans receivable	528,671		543,351		—		—		543,351
Loans held-for-sale	16,103		16,103		—		—		16,103
Accrued interest receivable	3,125		3,125		—		3,125		—
Mortgage servicing rights	193		193		—		—		193
Other assets - Interest-bearing deposits	984		984		—		984		—
Financial Liabilities:
Deposits	578,158		546,597		306,466		240,131		—
Advances from FHLB of New York	39,000		38,987		—		38,987		—
Repos	1,000		1,002		—		1,002		—
Other borrowed money	18,403		17,591		—		17,591		—
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		—