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

9 Months Ended

Dec. 31, 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 December 31, 2017 and March 31, 2017 are as follows:

	December 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	$	76,641	$	76,641	$	76,641	$	—	$	—
Securities available-for-sale	55,087		55,087		—		54,696		391
FHLB Stock	1,768		1,768		—		1,768		—
Securities held-to-maturity	12,394		12,416		—		12,416		—
Loans receivable	491,638		491,888		—		—		491,888
Accrued interest receivable	1,728		1,728		—		1,728		—
Mortgage servicing rights	183		183		—		—		183
Other assets - Interest-bearing deposits	970		970		—		970		—
Financial Liabilities:
Deposits	$	560,721	$	558,676	$	293,595	$	265,081	$	—
Advances from FHLB of New York	25,000		24,965		—		24,965		—
Other borrowed money	13,403		15,313		—		15,313		—
Accrued interest payable	920		920		—		920		—

	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		—		—		485,458	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			—