XML 36 R25.htm IDEA: XBRL DOCUMENT v3.20.4
Investment Securities (Tables)
 9 Months Ended
Dec. 31, 2020
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 December 31, 2020 and March 31, 2020:
At December 31, 2020
AmortizedGross Unrealized
$ in thousandsCostGainsLossesFair Value
Available-for-Sale:    
Mortgage-backed Securities:    
Government National Mortgage Association$1,223 $47 $— $1,270 
Federal Home Loan Mortgage Corporation29,259 93 183 29,169 
Federal National Mortgage Association15,379 1 — 15,380 
Total mortgage-backed securities45,861 141 183 45,819 
U.S. Government Agency Securities19,816 — 138 19,678 
Corporate Bonds5,275 78 — 5,353 
Muni Securities17,769 119 11 17,877 
Asset-backed Securities11,093 387 26 11,454 
Total available-for-sale$99,814 $725 $358 $100,181 
Held-to-Maturity:    
Mortgage-backed Securities:    
Government National Mortgage Association$736 $69 $— $805 
Federal National Mortgage Association and Other7,428 318 — 7,746 
Total held-to-maturity mortgage-backed securities8,164 387 — 8,551 
Corporate Bonds1,000 — — 1,000 
Total held-to maturity$9,164 $387 $— $9,551 
At March 31, 2020
AmortizedGross Unrealized
$ in thousandsCostGainsLossesFair Value
Available-for-Sale:    
Mortgage-backed Securities:    
Government National Mortgage Association$3,510 $77 $— $3,587 
Federal Home Loan Mortgage Corporation9,244 312 18 9,538 
Federal National Mortgage Association21,495 673 — 22,168 
Total mortgage-backed securities34,249 1,062 18 35,293 
U.S. Government Agency Securities26,616 20 155 26,481 
Corporate Bonds4,032 33 10 4,055 
Total available-for-sale$64,897 $1,115 $183 $65,829 
Held-to-Maturity:    
Mortgage-backed Securities:    
Government National Mortgage Association$972 $76 $— $1,048 
Federal National Mortgage Association and Other8,179 342 — 8,521 
Total held-to-maturity mortgage-backed securities9,151 418 — 9,569 
Corporate Bonds1,000 — 5 995 
Total held-to-maturity$10,151 $418 $5 $10,564 
Schedule of Realized Gain (Loss) The following is a summary regarding proceeds, gross gains and gross losses realized from the sale of securities from the available-for-sale portfolio for the nine months ended December 31, 2020. There were no sales of available-for-sale and held-to-maturity securities for the three months ended December 31, 2020.
$ in thousandsDecember 31, 2020
Proceeds$30,190 
Gross gains862 
Gross losses— 
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 December 31, 2020 and March 31, 2020 for less than 12 months and 12 months or longer:
At December 31, 2020
Less than 12 months12 months or longerTotal
$ in thousandsUnrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value
Available-for-Sale:      
Mortgage-backed securities$182 $25,356 $1 $426 $183 $25,782 
U.S. Government Agency securities— — 138 19,678 138 19,678 
Corporate bonds— — — — — — 
Muni securities11 2,914 — — 11 2,914 
Asset-backed securities26 2,481 — — 26 2,481 
Total available-for-sale securities$219 $30,751 $139 $20,104 $358 $50,855 
At March 31, 2020
Less than 12 months12 months or longerTotal
$ in thousandsUnrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value
Available-for-Sale:      
Mortgage-backed securities$— $— $18 $619 $18 $619 
U.S. Government Agency securities155 21,494 155 21,494 
Corporate bonds10 1,999 — — 10 1,999 
Total available-for-sale securities$10 $1,999 $173 $22,113 $183 $24,112 
Held-to-Maturity:      
Corporate bonds$5 $995 $— $— $5 $995 
Total held-to-maturity securities$5 $995 $— $— $5 $995 
Investments Classified by Contractual Maturity Date The following is a summary of the amortized cost and fair value of debt securities at December 31, 2020, 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 their obligations.  The table below does not consider the effects of possible prepayments or unscheduled repayments.
$ in thousandsAmortized CostFair ValueWeighted
Average Yield
Available-for-Sale:
One through five years3,761 3,756 3.04 %
Five through ten years6,043 5,992 1.34 %
After ten years44,149 44,614 1.85 %
Mortgage-backed securities45,861 45,819 1.25 %
Total$99,814 $100,181 1.59 %
Held-to-maturity:
One through five years$1,000 $1,000 4.15 %
Mortgage-backed securities8,164 8,551 2.41 %
Total$9,164 $9,551 2.60 %