Borrowed Money (Tables)

12 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt

The following table sets forth certain information regarding Carver Federal's borrowings as of and for the years ended March 31:

$ in thousands	2021			2020
Amounts outstanding at the end of year:
Subordinated debt securities	13,403			13,403
PPPLF	23,705			—
Rate paid at year end:
Subordinated debt securities	3.23		%	3.89		%
PPPLF	0.35		%	—		%
Maximum amount of borrowing outstanding at any month end:
FHLB advances	$	—		$	23,000
Subordinated debt securities	13,403			13,403
PPPLF	28,293			—
Approximate average amounts outstanding for year:
FHLB advances	$	—		$	8,115
Subordinated debt securities	13,403			13,403
PPPLF	24,453			—
Approximate weighted average rate paid during year:
FHLB advances	—		%	2.15		%
Subordinated debt securities	4.19		%	6.08		%
PPPLF	0.35		%	—		%