Fair Value of Financial Instruments (Tables)

9 Months Ended

Dec. 31, 2021

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 December 31, 2021 and March 31, 2021 are as follows:

	December 31, 2021
$ 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	$	65,729	$	65,729	$	65,729	$	—	$	—
Securities available-for-sale	75,268		75,268		—		75,268		—
Securities held-to-maturity	5,407		5,592		—		5,592		—
Loans receivable	547,389		557,329		—		—		557,329
Accrued interest receivable	2,688		2,688		—		2,688		—
Mortgage servicing rights	132		132		—		—		132
Financial Liabilities:
Deposits	$	622,106	$	620,462	$	462,897	$	157,565	$	—
Other borrowed money	16,298		15,685		—		15,685		—
Accrued interest payable	44		44		—		44		—

	March 31, 2021
$ 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	$	75,591	$	75,591	$	75,591	$	—	$	—
Securities available-for-sale	86,507		86,507		—		86,507		—
Securities held-to-maturity	7,807		8,140		—		8,140		—
Loans receivable	478,409		487,806		—		—		487,806
Accrued interest receivable	2,640		2,640		—		2,640		—
Mortgage servicing rights	147		147		—		—		147
Financial Liabilities:
Deposits	$	556,559	$	557,049	$	402,843	$	154,206	$	—
Other borrowed money	37,108		37,150		—		37,150		—
Accrued interest payable	3,212		3,212		—		3,212		—