Deposits

12 Months Ended

Mar. 31, 2020

Deposits [Abstract]

Deposits

DEPOSITS

Deposit balances and weighted average interest rates as of March 31 are as follows:

	2020						2019
$ in thousands	Amount		Percent of Total Deposits		Weighted Average Rate		Amount		Percent of Total Deposits		Weighted Average Rate
Non-interest-bearing demand	$	57,489	11.76	%	—	%	$	60,201	12.54	%	—	%
Interest-bearing checking	24,016		4.91		0.12		23,473		4.89		0.12
Savings	97,812		20.01		0.26		99,310		20.68		0.26
Money market savings account	112,634		23.04		0.53		94,376		19.65		0.48
Certificates of deposit	194,287		39.75		2.03		200,607		41.78		1.78
Loan escrow deposits	2,577		0.53		1.04		2,229		0.46		2.09
Total	$	488,815	100.00	%	0.99	%	$	480,196	100.00	%	0.91	%

Scheduled maturities of certificates of deposit for the year ended March 31, 2020 are as follows:

$ in thousands	Amount
Maturing years ending March 31:
2021	$	153,164
2022	16,955
2023	14,293
2024	5,349
2025	4,487
2026 and beyond	39
Total	$	194,287

The following table represents the amount of certificates of deposit of $100,000 or more at March 31, 2020 maturing during the periods indicated:

$ in thousands
Maturing:
April 1, 2020 to June 30, 2020	$	48,144
July 1, 2020 to September 30, 2020	11,834
October 1, 2020 to March 31, 2021	78,326
April 1, 2021 and beyond	27,631
Total	$	165,935

Interest expense on deposits is as follows for the years ended March 31:

$ in thousands	2020		2019
Interest-bearing checking	$	29	$	30
Savings and clubs	256		265
Money market savings	533		466
Certificates of deposit	3,799		4,427
Loan escrow deposits	23		44
Total interest expense	$	4,640	$	5,232

        The following table presents additional information about our year-end deposits:

$ in thousands	2020		2019
Deposits from the Certificate of Deposit Account Registry Service (CDARS)	$	40,171	$	48,274
Deposits from brokers	41,743		36,744
Certificates of deposit individually greater than $250,000	53,956		25,076
Deposits from certain directors, executive officers and their affiliates	64		5,029