Commitments and Contingencies Commitments and Contingencies (Tables)

12 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

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



$ in thousands	2019		2018
Commitments to fund commercial and consumer loans	$	1,775	$	2,457
Lines of credit	2,571		3,939
Letters of credit	—		69
Commitment to fund private equity investment	640		640
	$	4,986	$	7,105

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, 2018 ⁽¹⁾	$	2,013
Gross new demands received	—
Loans repurchased/made whole	—
Demands rescinded	—
Advances on open claims	—
Principal payments received on open claims	(31		)
Open claims as of March 31, 2019 ⁽¹⁾	$	1,982


⁽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open requests received by the Bank where either FNMA has requested loan files for review, where FNMA has not formally rescinded the repurchase request or where the Bank has not agreed to repurchase the loan.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 2019.



$ in thousands	March 31, 2019
Representation and warranty repurchase reserve, March 31, 2018 ⁽¹⁾	$	205
Net provision of repurchase losses ⁽²⁾	21
Representation and warranty repurchase reserve, March 31, 2019 ⁽¹⁾	$	226

⁽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 $2.4 million and $1.4 million for fiscal years 2019 and 2018, respectively. As of March 31, 2019, minimum rental commitments under all non-cancelable leases with initial or remaining terms of more than one year and expiring through 2029 follow:



$ in thousands
Year Ending March 31,
2020	$	2,761
2021	2,686
2022	2,428
2023	2,290
2024	2,289
Thereafter	8,572
	$	21,026