Fair Value of Financial Instruments (Tables)

12 Months Ended

Mar. 31, 2020

The carrying amounts and estimated fair values of the Bank's financial instruments and estimation methodologies at March 31 are as follows:


	March 31, 2020
$ in thousands	Carrying Amount		Estimated Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial Assets:
Cash and cash equivalents	$	47,540	$	47,540	$	47,540	$	—	$	—

Securities available-for-sale	65,829		65,829		—		65,829		—


Securities held-to-maturity	10,151		10,564		—		10,564		—
Loans receivable	423,786		438,017		—		—		438,017

Accrued interest receivable	2,052		2,052		—		2,052		—
Mortgage servicing rights	145		145		—		—		145
Other assets - Interest-bearing deposits	981		981		—		981		—
Financial Liabilities:
Deposits	$	488,815	$	489,309	$	291,951	$	197,358	$	—

Other borrowed money	13,403		13,386		—		13,386		—
Accrued interest payable	2,695		2,695		—		2,695		—


	March 31, 2019
$ in thousands	Carrying Amount		Estimated Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial Assets:
Cash and cash equivalents	$	31,228	$	31,228	$	31,228	$	—	$	—

Securities available-for-sale	79,845		79,845		—		79,845		—

Securities held-to-maturity	11,137		11,107		—		11,107		—
Loans receivable	424,182		424,013		—		—		424,013

Accrued interest receivable	2,019		2,019		—		2,019		—
Mortgage servicing rights	180		180		—		—		180
Other assets - Interest-bearing deposits	976		976		—		976		—
Financial Liabilities:
Deposits	$	480,196	$	477,503	$	277,360	$	200,143	$	—
Advances from FHLB of New York	8,000		8,001		—		8,001		—
Other borrowed money	13,403		12,393		—		12,393		—
Accrued interest payable	1,931		1,931		—		1,931		—