Investment Securities Investment Securities (Tables)

6 Months Ended

Sep. 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 September 30, 2019 and March 31, 2019:

	At September 30, 2019
	Amortized		Gross Unrealized
$ in thousands	Cost		Gains		Losses		Fair Value
Available-for-Sale:
Mortgage-backed securities:
Government National Mortgage Association	$	3,907	$	21	$	15	$	3,913
Federal Home Loan Mortgage Corporation	10,243		148		25		10,366
Federal National Mortgage Association	25,504		363		225		25,642
Total mortgage-backed securities	39,654		532		265		39,921
U.S. Government Agency Securities	30,310		13		205		30,118
Corporate Bonds	5,041		35		6		5,070
Total available-for-sale	$	75,005	$	580	$	476	$	75,109
Held-to-Maturity:
Mortgage-backed securities:
Government National Mortgage Association	$	1,113	$	69	$	—	$	1,182
Federal National Mortgage Association and Other	8,567		131		10		8,688
Total held-to-maturity mortgage-backed securities	9,680		200		10		9,870
Corporate Bonds	1,000		9		—		1,009
Total held-to maturity	$	10,680	$	209	$	10	$	10,879

	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

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

	At September 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	$	18	$	3,498	$	247	$	18,156	$	265	$	21,654
U.S. Government Agency securities	76		9,937		129		18,680		205		28,617
Corporate Bonds	—		—		6		3,009		6		3,009
Total available-for-sale securities	$	94	$	13,435	$	382	$	39,845	$	476	$	53,280
Held-to-Maturity:
Mortgage-backed securities	$	—	$	—	$	10	$	1,248	$	10	$	1,248
Total held-to-maturity securities	$	—	$	—	$	10	$	1,248	$	10	$	1,248

	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 September 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	$	1,001	$	1,000	1.65	%
One through five years	7,962		7,925		1.72	%
Five through ten years	15,392		15,377		2.63	%
After ten years	50,650		50,807		2.61	%
Total	$	75,005	$	75,109	2.51	%
Held-to-maturity:
One through five years	$	4,498	$	4,569	2.40	%
Five through ten years	$	4,144	$	4,226	3.35	%
After ten years	2,038		2,084		2.86	%
Total	$	10,680	$	10,879	2.86	%