Fair Value of Financial Instruments (Tables)

3 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The carrying amounts and estimated fair values of the Bank’s financial instruments and estimation methodologies at June 30, 2020 and March 31, 2020 are as follows:

	June 30, 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	$	113,695	$	113,695	$	113,695	$	—	$	—
Securities available-for-sale	63,512		63,512		—		63,512		—
Securities held-to-maturity	9,875		10,304		—		10,304		—
Loans receivable	453,735		468,148		—		—		468,148
Accrued interest receivable	2,387		2,387		—		2,387		—
Mortgage servicing rights	152		152		—		—		152
Other assets - Interest-bearing deposits	982		982		—		982		—
Financial Liabilities:
Deposits	$	539,587	$	541,088	$	340,791	$	200,297	$	—
Other borrowed money	41,696		41,769		—		41,769		—
Accrued interest payable	2,770		2,770		—		2,770		—

	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		—