Borrowed Money (Tables)

12 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Maturities of Long-term Debt

The following table presents expected maturities of the Company's long-term borrowings at March 31, 2022:

$ in thousands
Year ending March 31,
2023	$	3
2024	—
2025	—
2026	—
2027	2,500
Thereafter	13,403
Total	$	15,906

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	2022			2021
Amounts outstanding at the end of year:
Subordinated debt securities	$	13,403		$	13,403
PPPLF	3			23,705
Other	2,500			—
Rate paid at year end:
Subordinated debt securities	3.97		%	3.23		%
PPPLF	0.35		%	0.35		%
Other	1.00		%	—		%
Maximum amount of borrowing outstanding at any month end:
FHLB advances	$	2,000		$	—
Subordinated debt securities	13,403			13,403
PPPLF	23,705			28,293
Other	2,500			—
Approximate average amounts outstanding for year:
FHLB advances	$	22		$	—
Subordinated debt securities	13,403			13,403
PPPLF	7,647			24,453
Other	1,757			—
Approximate weighted average rate paid during year:
FHLB advances	0.09		%	—		%
Subordinated debt securities	3.45		%	4.19		%
PPPLF	0.35		%	0.35		%
Other	1.06		%	—		%