XML 44 R31.htm IDEA: XBRL DOCUMENT v3.22.2
Investment Securities (Tables)
 12 Months Ended
Mar. 31, 2022
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 March 31, 2022 and March 31, 2021:

At March 31, 2022
AmortizedGross Unrealized
$ in thousandsCostGainsLossesFair Value
Available-for-Sale:
Mortgage-backed securities:
Government National Mortgage Association$439 $9 $— $448 
Federal Home Loan Mortgage Corporation23,744 — 2,197 21,547 
Federal National Mortgage Association12,852 — 1,268 11,584 
Total mortgage-backed securities37,035 9 3,465 33,579 
U.S. Government Agency Securities13,864 — 79 13,785 
Corporate Bonds5,271 — 1,150 4,121 
Muni Securities17,741 — 1,973 15,768 
Asset-backed Securities347 — 4 343 
Total available-for-sale$74,258 $9 $6,671 $67,596 
Held-to-Maturity:
Mortgage-backed securities:
Government National Mortgage Association$481 $27 $— $508 
Federal National Mortgage Association4,773 9 14 4,768 
Total held-to-maturity$5,254 $36 $14 $5,276 
At March 31, 2021
AmortizedGross Unrealized
$ in thousandsCostGainsLossesFair Value
Available-for-Sale:
Mortgage-backed securities:
  Government National Mortgage Association$987 $39 $— $1,026 
  Federal Home Loan Mortgage Corporation28,458 88 761 27,785 
  Federal National Mortgage Association15,120 — 510 14,610 
    Total mortgage-backed securities44,565 127 1,271 43,421 
U.S. Government Agency Securities18,744 — 113 18,631 
Corporate Bonds5,274 — 793 4,481 
Muni Securities17,763 — 1,153 16,610 
Asset-backed Securities3,336 28 — 3,364 
    Total available-for-sale$89,682 $155 $3,330 $86,507 
Held-to-Maturity:
Mortgage-backed securities:
  Government National Mortgage Association$683 $69 $— $752 
  Federal National Mortgage Association7,124 264 — 7,388 
Total held-to-maturity$7,807 $333 $— $8,140 
Schedule of Realized Gain (Loss)
$ in thousandsMarch 31, 2021
Proceeds$37,802 
Gross gains1,193 
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 March 31, 2022 and March 31, 2021 for less than 12 months and 12 months or longer:
At March 31, 2022
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$519 $7,057 $2,946 $26,128 $3,465 $33,185 
U.S. Government Agency Securities— — 79 13,785 79 13,785 
Corporate bonds— — 1,150 4,121 1,150 4,121 
Muni securities1,640 13,512 333 2,256 1,973 15,768 
Asset-backed securities4 343 — — 4 343 
  Total available-for-sale securities$2,163 $20,912 $4,508 $46,290 $6,671 $67,202 
Held-to-Maturity:
Mortgage-backed securities$14 $2,204 $— $— $14 $2,204 
Total held-to-maturity securities$14 $2,204 $— $— $14 $2,204 

At March 31, 2021
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$1,271 $39,020 $— $— $1,271 $39,020 
U.S. Government Agency Securities— — 113 18,631 113 18,631 
Corporate bonds793 4,481 — — 793 4,481 
Muni securities1,153 16,609 — — 1,153 16,609 
  Total available-for-sale securities$3,217 $60,110 $113 $18,631 $3,330 $78,741 
Investments Classified by Contractual Maturity Date The following is a summary of the amortized cost and fair value of debt securities at March 31, 2022, 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:
Less than one year$347 $343 1.06 %
One through five years— — — %
Five through ten years6,929 6,823 1.92 %
After ten years29,947 26,851 1.96 %
Mortgage-backed securities37,035 33,579 1.36 %
$74,258 $67,596 2.19 %
Held-to-maturity:
Mortgage-backed securities$5,254 $5,276 2.55 %