Commitments and Contingencies Commitments and Contingencies (Tables)

12 Months Ended

Mar. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments

The following table reflects the Bank's outstanding lending commitments and contractual obligations as of March 31:

$ in thousands	2017		2016
Commitments to fund mortgage loans	$	900	$	15,568
Commitments to fund commercial and consumer loans	3,530		3,000
Lines of credit	8,527		6,144
Letters of credit	69		234
Commitment to fund private equity investment	640		852
	$	13,666	$	25,798

Pending Repurchase Requests

The following table presents information on open requests from FNMA. The amounts presented are based on outstanding loan principal balances.

$ in thousands	Loans sold to FNMA
Open claims as of March 31, 2016 (1)	$	2,009
Gross new demands received	—
Loans repurchased/made whole	—
Demands rescinded	—
Advances on open claims	60
Principal payments received on open claims	(25		)
Open claims as of March 31, 2017 (1)	$	2,044

⁽¹⁾  The open claims include all open requests received by the Bank where either FNMA has requested loan files for review, where FNMA has not formally rescinded the repurchase request or where the Bank has not agreed to repurchase the loan. The amounts reflected in this table are the unpaid principal balance and do not incorporate any losses the Bank would incur upon the repurchase of these loans.

Representation and warranty reserves

The table below summarizes changes in our representation and warranty reserves during fiscal 2017.

$ in thousands	March 31, 2017
Representation and warranty repurchase reserve, March 31, 2016 (1)	$	186
Net recovery of repurchase losses (2)	(24		)
Representation and warranty repurchase reserve, March 31, 2017 (1)	$	162

⁽¹⁾ Reported in consolidated statements of financial condition as a component of other liabilities.

⁽²⁾ Component of other non-interest expense.

Lease Commitments

Lease Commitments.  Rentals under long-term operating leases for certain branches aggregated approximately $1.3 million and $1.5 million for fiscal years 2017 and 2016, respectively. As of March 31, 2017, minimum rental commitments under all non-cancelable leases with initial or remaining terms of more than one year and expiring through 2026 follow:

$ in thousands
Year Ending March 31,	Minimum Rental
2018	$	1,284
2019	966
2020	582
2021	382
2022	90
Thereafter	353
	$	3,657