Deposits (Tables)

12 Months Ended

Mar. 31, 2022

Deposits [Abstract]

Deposit Liabilities, Type

Deposit balances and weighted average interest rates as of March 31 are as follows:

	2022						2021
$ in thousands	Amount		Percent of Total Deposits		Weighted Average Rate		Amount		Percent of Total Deposits		Weighted Average Rate
Non-interest-bearing demand	$	107,472	17.11	%	—	%	$	110,525	19.86	%	—	%
Interest-bearing checking	57,985		9.23		0.06		45,605		8.19		0.08
Savings	112,305		17.88		0.11		108,199		19.44		0.22
Money market savings account	208,122		33.14		0.24		137,230		24.66		0.42
Certificates of deposit	139,255		22.17		0.88		152,723		27.44		1.54
Loan escrow deposits	2,978		0.47		0.36		2,277		0.41		0.28
Total	$	628,117	100.00	%	0.30	%	$	556,559	100.00	%	0.58	%

CD Maturities

Scheduled maturities of certificates of deposit for the year ended March 31, 2022 are as follows:

$ in thousands	Amount
Maturing years ending March 31:
2023	$	110,251
2024	13,523
2025	7,527
2026	4,792
2027	1,873
2028 and beyond	1,289
Total	$	139,255

The following table represents the amount of certificates of deposit of $250,000 or more at March 31, 2022 maturing during the periods indicated:

$ in thousands
Maturing:
April 1, 2022 to June 30, 2022	$	21,957
July 1, 2022 to September 30, 2022	6,851
October 1, 2022 to March 31, 2023	751
April 1, 2023 and beyond	7,360
Total	$	36,919

Interest expense on deposits

Interest expense on deposits is as follows for the years ended March 31:

$ in thousands	2022		2021
Interest-bearing checking	$	30	$	30
Savings and clubs	123		235
Money market savings	378		525
Certificates of deposit	1,349		2,974
Loan escrow deposits	10		6
Total interest expense	$	1,890	$	3,770

Other Deposits liabilities

The following table presents additional information about our year-end deposits:

$ in thousands	2022		2021
Deposits from the Certificate of Deposit Account Registry Service (CDARS)	$	46,421	$	43,209
Deposits from brokers	17,788		30,149
Certificates of deposit individually greater than $250,000	36,919		26,388
Deposits from certain directors, executive officers and their affiliates	432		216