Fair Value Measurements Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2017

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

Fair Value, Assets Measured on Recurring Basis

The following table presents, by valuation hierarchy, assets that are measured at fair value on a recurring basis as of March 31, 2017 and 2016, and that are included in the Company's Consolidated Statements of Financial Condition at these dates:

	Fair Value Measurements at March 31, 2017, Using
$ in thousands	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Mortgage servicing rights	$	—	$	—	$	192	$	192
Investment securities
Available-for-sale:
Mortgage-backed securities:
Government National Mortgage Association	—		2,487		—		2,487
Federal Home Loan Mortgage Corporation	—		7,858		—		7,858
Federal National Mortgage Association	—		26,313		—		26,313
Other	—		—		45		45
U.S. Government Agency securities	—		7,482		—		7,482
Corporate bonds	—		4,964		—		4,964
Other investments	—		9,504		358		9,862
Total available-for-sale securities	—		58,608		403		59,011
Total assets	$	—	$	58,608	$	595	$	59,203
	Fair Value Measurements at March 31, 2016, Using
$ in thousands	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Mortgage servicing rights	$	—	$	—	201		$	201
Investment securities
Available-for-sale:
Mortgage-backed securities:
Government National Mortgage Association	—		4,623		—		4,623
Federal Home Loan Mortgage Corporation	—		7,678		—		7,678
Federal National Mortgage Association	—		7,824		—		7,824
Other	—		—		45		45
U.S. Government Agency securities	—		26,069		—		26,069
Other investments	—		9,793		148		9,941
Total available-for-sale securities	—		55,987		193		56,180
Total assets	$	—	$	55,987	$	394	$	56,381

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table includes a rollforward of assets classified by the Company within Level 3 of the valuation hierarchy for the years ended March 31, 2017 and 2016:

$ in thousands	Beginning balance, April 1, 2016		Total Realized/Unrealized Gains/(Losses) Recorded in Income (1)			Issuances / (Settlements)		Transfers to/(from) Level 3		Ending balance, March 31, 2017		Change in Unrealized Gains/(Losses) Related to Instruments Held at March 31, 2017
Available-for-Sale:
Securities Available-for-Sale	$	45	$	—		$	—	$	—	$	45	$	—
Other investments	148		(1		)	211		—		358		—
Mortgage Servicing Rights	201		(9		)	—		—		192		(9		)

$ in thousands	Beginning balance, April 1, 2015		Total Realized/Unrealized Gains/(Losses) Recorded in Income (1)			Issuances / (Settlements)			Transfers to/(from) Level 3		Ending balance, March 31, 2016		Change in Unrealized Gains/(Losses) Related to Instruments Held at March 31, 2016
Available-for-Sale
Securities Available-for-Sale	$	47	$	—		$	(2	)	$	—	$	45	$	—
Other investments	—					148			—		148		—
Mortgage Servicing Rights	210		(9		)	—			—		201		(8		)

⁽¹⁾ Includes net servicing cash flows and the passage of time.

Fair Value, Assets Measured on Recurring Basis, Valuation Techniques

For Level 3 assets measured at fair value on a recurring basis as of March 31, 2017 and 2016, the significant unobservable inputs used in the fair value measurements were as follows:

$ in thousands	Fair Value at March 31, 2017		Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Available-for-Sale:
Securities Available-for-Sale	$	45	Cost	n/a
Other investments	358		Cost	Contribution into Fund	358
Mortgage Servicing Rights	192		Discounted Cash Flow	Weighted Average Constant Prepayment Rate (1)	22.37	%

$ in thousands	Fair Value at March 31, 2016	Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Available-for-Sale:
Securities Available-for-Sale	45	Cost	n/a
Other investments	148	Cost	Contribution into Fund	148
Mortgage Servicing Rights	201	Discounted Cash Flow	Weighted Average Constant Prepayment Rate (1)	20.84	%

⁽¹⁾ Represents annualized loan repayment rate assumptions

Fair Value Measurements, Nonrecurring

The following table presents assets and liabilities that were measured at fair value on a non-recurring basis as of March 31, 2017 and 2016, and that are included in the Company's Consolidated Statements of Financial Condition at these dates:

	Fair Value Measurements at March 31, 2017, Using
$ in thousands	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Impaired loans with a specific reserve allocated	$	—	$	—	$	5,953	$	5,953
Other real estate owned	$	—	$	—	$	990	$	990
	Fair Value Measurements at March 31, 2016, Using
$ in thousands	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Impaired loans with a specific reserve allocated	$	—	$	—	$	4,669	$	4,669
Other real estate owned	$	—	$	—	$	1,008	$	1,008

Fair Value, Assets Measured on Nonrecurring Basis, Valuation Techniques

For Level 3 assets measured at fair value on a non-recurring basis as of March 31, 2017 and 2016, the significant unobservable inputs used in the fair value measurements were as follows:

$ in thousands	Fair Value at March 31, 2017		Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Impaired loans with a specific reserve allocated	$	5,953	Appraisal of collateral	Appraisal adjustments	7.5% cost to sell
Other real estate owned	990		Appraisal of collateral	Appraisal adjustments	7.5% cost to sell

$ in thousands	Fair Value at March 31, 2016		Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Impaired loans with a specific reserve allocated	$	4,669	Appraisal of collateral	Appraisal adjustments	7.5% cost to sell
Other real estate owned	1,008		Appraisal of collateral	Appraisal adjustments	7.5% cost to sell