Carver Bancorp Inc.-Parent Company Only (Tables)

12 Months Ended

Mar. 31, 2021

Condensed Financial Information Disclosure [Abstract]

Condensed Statements of Financial Condition

	As of March 31,
$ in thousands	2021		2020
Assets
Cash on deposit with subsidiaries	$	12,374	$	496
Investment in subsidiaries	63,871		65,018
Other assets	363		161
Total assets	$	76,608	$	65,675
Liabilities and Stockholders' Equity
Borrowings	$	13,403	$	13,403
Accounts payable to subsidiaries	7,656		739
Other liabilities	3,248		2,639
Total liabilities	24,307		16,781
Stockholders’ equity	52,301		48,894
Total liabilities and stockholders’ equity	$	76,608	$	65,675

Condensed Statements of Operations

	Years Ended March 31,
$ in thousands	2021		2020
Income
Equity in net loss from subsidiaries	$	(3,039)	$	(4,499)
Other income	21		26
Grant income	500		—
Total (loss) income	(2,518)		(4,473)
Expense
Interest expense on borrowings	562		815
Salaries and employee benefits	168		—
Shareholder expense	223		32
Other	425		103
Total expense	1,378		950
Net loss	$	(3,896)	$	(5,423)
Comprehensive loss	$	(8,003)	$	(3,552)

Condensed Statements of Cash Flow

	Years Ended March 31,
$ in thousands	2021		2020
Cash Flows From Operating Activities
Net loss	$	(3,896)	$	(5,423)
Adjustments to reconcile net loss to net cash from operating activities:
Equity in net loss of subsidiaries	3,039		4,499
Increase in account receivable from subsidiaries	(164)		(4)
Increase in other assets	(38)		(36)
Increase in accounts payable to subsidiaries	917		176
Increase in other liabilities	609		785
Net cash provided by (used in) operating activities	467		(3)
Cash Flows From Financing Activities
Capital contribution	2,500		—
Redemption of treasury stock, net	(2,500)		—
Issuance of common stock	3,197		—
Issuance of preferred stock	8,177		—
Restricted stock vesting	37		4
Net cash provided by financing activities	11,411		4
Net increase in cash	11,878		1
Cash and cash equivalents – beginning	496		495
Cash and cash equivalents – ending	$	12,374	$	496