Fair Value of Financial Instruments Fair Value of Financial Instruments (Tables)

3 Months Ended

Jun. 30, 2017

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The carrying amounts and estimated fair values of the Bank’s financial instruments and estimation methodologies at June 30, 2017 and March 31, 2017 are as follows:

	June 30, 2017
$ 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	45,453		$	45,453	$	45,453	$	—	$	—
Securities available-for-sale	58,107		58,107		—		57,704		403
FHLB Stock	2,122		2,122		—		2,122		—
Securities held-to-maturity	13,094		13,221		—		13,221		—
Loans receivable	528,559		532,105		—		—		532,105
Loans held-for-sale	1,020		1,020		—		—		1,020
Accrued interest receivable	1,778		1,778		—		1,778		—
Mortgage servicing rights	182		182		—		—		182
Other assets - Interest-bearing deposits	985		985		—		985		—
Financial Liabilities:
Deposits	$	558,661	$	517,621	$	253,652	$	263,969	$	—
Advances from FHLB of New York	30,000		30,004		—		30,004		—
Repos	1,000		999		—		999		—
Other borrowed money	13,403		13,238		—		13,238		—
Accrued interest payable	514		514		—		514		—

	March 31, 2017
$ 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	$	58,686	$	58,686	$	58,686	$	—	$	—
Restricted cash	283		283		—		283		—
Securities available-for-sale	59,011		59,011		—		58,608		403
FHLB Stock	2,171		2,171		—		2,171		—
Securities held-to-maturity	13,435		13,497		—		13,497		—
Loans receivable	540,492		543,929		—		—		543,929
Loans held-for-sale	944		944		—		—		944
Accrued interest receivable	1,583		1,583		—		1,583		—
Mortgage servicing rights	192		192		—		—		192
Other assets - Interest-bearing deposits	985		985		—		985		—
Financial Liabilities:
Deposits	$	579,176	$	548,902	$	313,430	$	235,472	$	—
Advances from FHLB of New York	30,000		29,994		—		29,994		—
Other borrowed money	19,403		18,896		—		18,896		—
Accrued interest payable	390		390		—		390		—