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Investment Securities Investment Securities (Tables)
 9 Months Ended
Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]  
Unrealized Gain (Loss) on Investments
The following tables set forth the amortized cost and fair value of securities available-for-sale and held-to-maturity at December 31, 2018 and March 31, 2018:
 
 
At December 31, 2018
 
 
Amortized
 
Gross Unrealized
 
 
$ in thousands
 
Cost
 
Gains
 
Losses
 
Fair Value
Available-for-Sale:
 
 
 
 
 
 
 
 
Mortgage-backed securities:
 
 
 
 
 
 
 
 
Government National Mortgage Association
 
$
4,583

 
$
8

 
$
130

 
$
4,461

Federal Home Loan Mortgage Corporation
 
15,527

 
82

 
231

 
15,378

Federal National Mortgage Association
 
27,701

 
78

 
963

 
26,816

Total mortgage-backed securities
 
47,811

 
168

 
1,324

 
46,655

U.S. Government Agency Securities
 
34,801

 
—

 
322

 
34,479

U.S. Treasury Securities
 
16,377

 
—

 
37

 
16,340

Corporate Bonds
 
5,060

 
—

 
204

 
4,856

Total available-for-sale
 
$
104,049

 
$
168

 
$
1,887

 
$
102,330

Held-to-Maturity*:
 
 
 
 
 
 
 
 
Mortgage-backed securities:
 
 
 
 
 
 
 
 
Government National Mortgage Association
 
$
1,250

 
$
33

 
$
—

 
$
1,283

Federal National Mortgage Association and Other
 
9,090

 
—

 
202

 
8,888

Total held-to-maturity mortgage-backed securities
 
10,340

 
33

 
202

 
10,171

Corporate Bonds
 
1,000

 
23

 
—

 
1,023

Total held-to maturity
 
$
11,340

 
$
56

 
$
202

 
$
11,194



 
 
At March 31, 2018
 
 
Amortized
 
Gross Unrealized
 
 
$ in thousands
 
Cost
 
Gains
 
Losses
 
Fair Value
Available-for-Sale:
 
 
 
 
 
 
 
 
Mortgage-backed securities:
 
 
 
 
 
 
 
 
Government National Mortgage Association
 
$
2,163

 
$
—

 
$
97

 
$
2,066

Federal Home Loan Mortgage Corporation
 
6,633

 
—

 
283

 
6,350

Federal National Mortgage Association
 
24,638

 
—

 
1,227

 
23,411

Total mortgage-backed securities
 
33,434

 
—

 
1,607

 
31,827

U.S. Government Agency Securities
 
14,490

 
—

 
258

 
14,232

Corporate Bonds
 
5,078

 
—

 
212

 
4,866

Other investments (1)
 
10,433

 
—

 
649

 
9,784

Total available-for-sale
 
$
63,435

 
$
—

 
$
2,726

 
$
60,709

Held-to-Maturity*:
 
 
 
 
 
 
 
 
Mortgage-backed securities:
 
 
 
 
 
 
 
 
Government National Mortgage Association
 
$
1,434

 
$
51

 
$
—

 
$
1,485

Federal National Mortgage Association and Other
 
9,641

 
—

 
247

 
9,394

Total held-to-maturity mortgage-backed securities
 
11,075

 
51

 
247

 
10,879

Corporate Bonds
 
1,000

 
30

 
—

 
1,030

Total held-to-maturity
 
$
12,075

 
$
81

 
$
247

 
$
11,909


* The carrying amount and amortized cost are the same for all held-to-maturity securities, as no OTTI has been recorded.
(1) Primarily comprised of an investment in a CRA fund with 95% of its underlying investments consisting of government and agency-backed securities.
Schedule of Unrealized Loss on Investments
The following tables set forth the unrealized losses and fair value of securities in an unrealized loss position at December 31, 2018 and March 31, 2018 for less than 12 months and 12 months or longer:
 
 
At December 31, 2018
 
 
Less than 12 months
 
12 months or longer
 
Total
$ in thousands
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
Available-for-Sale:
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
$
—

 
$
—

 
$
1,324

 
$
27,011

 
$
1,324

 
$
27,011

U.S. Government Agency securities
 
160

 
28,368

 
162

 
6,111

 
322

 
34,479

U.S. Treasury securities
 
37

 
16,340

 
—

 
—

 
37

 
16,340

Corporate Bonds
 
—

 
—

 
204

 
4,856

 
204

 
4,856

Total available-for-sale securities
 
$
197

 
$
44,708

 
$
1,690

 
$
37,978

 
$
1,887

 
$
82,686

Held-to-Maturity:
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
$
—

 
$
—

 
$
202

 
$
8,802

 
$
202

 
$
8,802

  Total held-to-maturity securities
 
$
—

 
$
—

 
$
202

 
$
8,802

 
$
202

 
$
8,802



 
 
At March 31, 2018
 
 
Less than 12 months
 
12 months or longer
 
Total
$ in thousands
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
Available-for-Sale:
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
$
101

 
$
3,702

 
$
1,506

 
$
28,124

 
$
1,607

 
$
31,826

U.S. Government Agency securities
 
80

 
7,666

 
178

 
6,566

 
258

 
14,232

Corporate bonds
 
—

 
—

 
212

 
4,866

 
212

 
4,866

Other investments (1)
 
—

 
—

 
649

 
9,351

 
649

 
9,351

Total available-for-sale securities
 
$
181

 
$
11,368

 
$
2,545

 
$
48,907

 
$
2,726

 
$
60,275

Held-to-Maturity:
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
$
188

 
$
7,681

 
$
59

 
$
1,612

 
$
247

 
$
9,293

Total held-to-maturity securities
 
$
188

 
$
7,681

 
$
59

 
$
1,612

 
$
247

 
$
9,293


(1) Primarily comprised of an investment in a CRA fund with 95% of its underlying investments consisting of government and agency-backed securities.
Investments Classified by Contractual Maturity Date
The following is a summary of the amortized cost and fair value of debt securities at December 31, 2018, by remaining period to contractual maturity (ignoring earlier call dates, if any).  Actual maturities may differ from contractual maturities because certain security issuers have the right to call or prepay their obligations.  The table below does not consider the effects of possible prepayments or unscheduled repayments.
$ in thousands
Amortized Cost
 
Fair Value
 
Weighted
Average Yield
Available-for-Sale:
 
 
 
 
 
Less than one year
$
8,495

 
$
8,472

 
2.05
%
One through five years
17,650

 
17,364

 
2.05
%
Five through ten years
18,466

 
18,077

 
2.73
%
After ten years
59,438

 
58,417

 
2.84
%
Total
$
104,049

 
$
102,330

 
2.63
%
 
 
 
 
 
 
Held-to-maturity:
 
 
 
 
 
One through five years
$
4,585

 
$
4,508

 
2.40
%
Five through ten years
$
4,025

 
$
3,992

 
3.46
%
After ten years
2,730

 
2,694

 
2.70
%
Total
$
11,340


$
11,194

 
2.85
%