Investment Securities Investment Securities (Tables)

3 Months Ended

Jun. 30, 2019

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 June 30, 2019 and March 31, 2019:

	At June 30, 2019
	Amortized		Gross Unrealized
$ in thousands	Cost		Gains		Losses		Fair Value
Available-for-Sale:
Mortgage-backed securities:
Government National Mortgage Association	$	4,193	$	53	$	41	$	4,205
Federal Home Loan Mortgage Corporation	10,756		138		65		10,829
Federal National Mortgage Association	26,264		275		323		26,216
Total mortgage-backed securities	41,213		466		429		41,250
U.S. Government Agency Securities	32,207		15		131		32,091
Corporate Bonds	5,047		18		15		5,050
Total available-for-sale	$	78,467	$	499	$	575	$	78,391
Held-to-Maturity*:
Mortgage-backed securities:
Government National Mortgage Association	$	1,155	$	61	$	—	$	1,216
Federal National Mortgage Association and Other	8,737		77		19		8,795
Total held-to-maturity mortgage-backed securities	9,892		138		19		10,011
Corporate Bonds	1,000		16		—		1,016
Total held-to maturity	$	10,892	$	154	$	19	$	11,027

	At March 31, 2019
	Amortized		Gross Unrealized
$ in thousands	Cost		Gains		Losses		Fair Value
Available-for-Sale:
Mortgage-backed securities:
Government National Mortgage Association	$	4,443	$	25	$	86	$	4,382
Federal Home Loan Mortgage Corporation	11,104		69		148		11,025
Federal National Mortgage Association	27,094		131		617		26,608
Total mortgage-backed securities	42,641		225		851		42,015
U.S. Government Agency Securities	33,089		—		236		32,853
Corporate Bonds	5,054		—		77		4,977
Total available-for-sale	$	80,784	$	225	$	1,164	$	79,845
Held-to-Maturity*:
Mortgage-backed securities:
Government National Mortgage Association	$	1,214	$	40	$	—	$	1,254
Federal National Mortgage Association and Other	8,923		—		87		8,836
Total held-to-maturity mortgage-backed securities	10,137		40		87		10,090
Corporate Bonds	1,000		17		—		1,017
Total held-to-maturity	$	11,137	$	57	$	87	$	11,107

^* The carrying amount and amortized cost are the same for all held-to-maturity securities, as no OTTI has been recorded.

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 June 30, 2019 and March 31, 2019 for less than 12 months and 12 months or longer:

	At June 30, 2019
	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	$	—	$	—	$	429	$	24,340	$	429	$	24,340
U.S. Government Agency securities	27		20,027		104		8,349		131		28,376
Corporate Bonds	—		—		15		3,005		15		3,005
Total available-for-sale securities	$	27	$	20,027	$	548	$	35,694	$	575	$	55,721
Held-to-Maturity:
Mortgage-backed securities	$	—	$	—	$	19	$	3,006	$	19	$	3,006
Total held-to-maturity securities	$	—	$	—	$	19	$	3,006	$	19	$	3,006

	At March 31, 2019
	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	$	—	$	—	$	851	$	26,787	$	851	$	26,787
U.S. Government Agency securities	23		20,851		213		12,002		236		32,853
Corporate bonds	—		—		77		4,977		77		4,977
Total available-for-sale securities	$	23	$	20,851	$	1,141	$	43,766	$	1,164	$	64,617
Held-to-Maturity:
Mortgage-backed securities	$	—	$	—	$	87	$	8,752	$	87	$	8,752
Total held-to-maturity securities	$	—	$	—	$	87	$	8,752	$	87	$	8,752

Investments Classified by Contractual Maturity Date

The following is a summary of the amortized cost and fair value of debt securities at June 30, 2019, 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 theirobligations.  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	$	1,003	$	1,000	1.65	%
One through five years	8,275		8,235		1.72	%
Five through ten years	16,850		16,813		2.81	%
After ten years	52,339		52,343		2.67	%
Total	$	78,467	$	78,391	2.59	%
Held-to-maturity:
One through five years	$	4,527	$	4,568	2.40	%
Five through ten years	$	4,252	$	4,312	3.32	%
After ten years	2,113		2,147		2.79	%
Total	$	10,892	$	11,027	2.83	%