Carver Bancorp Inc.-Parent Company Only (Tables)

12 Months Ended

Mar. 31, 2020

Condensed Financial Information Disclosure [Abstract]

Condensed Statements of Financial Condition

	As of March 31,
$ in thousands	2020		2019
Assets
Cash on deposit with subsidiaries	$	496	$	495
Investment in subsidiaries	65,018		62,340
Other assets	161		121
Total assets	$	65,675	$	62,956
Liabilities and Stockholders' Equity
Borrowings	13,403		13,403
Accounts payable to subsidiaries	739		563
Other liabilities	2,639		1,854
Total liabilities	$	16,781	$	15,820
Stockholders’ equity	$	48,894	$	47,136
Total liabilities and stockholders’ equity	$	65,675	$	62,956

Condensed Statements of Operations

	Years Ended March 31,
$ in thousands	2020		2019
Income
Equity in net loss from subsidiaries	$	(4,499)	$	(4,968)
Other income	26		26
Total (loss) income	(4,473)		(4,942)
Expenses
Interest expense on borrowings	815		819
Shareholder expense	32		73
Other	103		102
Total expense	950		994
Net loss	$	(5,423)	$	(5,936)
Comprehensive loss	$	(3,552)	$	(4,870)

Condensed Statements of Cash Flow

	Years Ended March 31,
$ in thousands	2020		2019
Cash Flows From Operating Activities
Net loss	$	(5,423)	$	(5,936)
Adjustments to reconcile net loss to net cash from operating activities:
Equity in net loss of subsidiaries	4,499		4,968
Increase in account receivable from subsidiaries	(4)		(30)
Increase in other assets	(36)		(25)
Increase in accounts payable to subsidiaries	176		170
Increase in other liabilities	785		824
Net cash used in operating activities	(3)		(29)
Cash Flows From Financing Activities
Restricted stock vesting	4		30
Net cash provided by financing activities	4		30
Net increase in cash	1		1
Cash and cash equivalents – beginning	495		494
Cash and cash equivalents – ending	$	496	$	495