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Fair Value Measurements (Tables)
 3 Months Ended
Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Fair Value, Assets Measured on Recurring Basis The following table presents, by valuation hierarchy, assets that are measured at fair value on a recurring basis as of June 30, 2022 and March 31, 2022, and that are included in the Company’s Consolidated Statements of Financial Condition at these dates:
Fair Value Measurements at June 30, 2022, Using
$ in thousandsQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable Inputs
(Level 3)		Total Fair
Value
Mortgage servicing rights$— $— $165 $165 
Investment securities
Available-for-sale:
Mortgage-backed securities:
Government National Mortgage Association— 400 — 400 
Federal Home Loan Mortgage Corporation— 19,688 — 19,688 
Federal National Mortgage Association— 10,583 — 10,583 
U.S. Government Agency securities— 11,819 — 11,819 
Corporate bonds— 3,469 — 3,469 
Muni securities— 14,419 — 14,419 
Asset-backed securities— 340 — 340 
Total available-for-sale securities— 60,718 — 60,718 
Total assets$— $60,718 $165 $60,883 
Fair Value Measurements at March 31, 2022, Using
$ in thousandsQuoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total Fair
Value
Mortgage servicing rights$— $— $162 $162 
Investment securities
Available-for-sale:
Mortgage-backed securities:
Government National Mortgage Association— 448 — 448 
Federal Home Loan Mortgage Corporation— 21,547 — 21,547 
Federal National Mortgage Association— 11,584 — 11,584 
U.S. Government Agency securities— 13,785 — 13,785 
Corporate bonds— 4,121 — 4,121 
Muni securities— 15,768 — 15,768 
Asset-backed securities— 343 — 343 
Total available-for-sale securities— 67,596 — 67,596 
Total assets$— $67,596 $162 $67,758 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation The following table includes a rollforward of assets classified by the Company within Level 3 of the valuation hierarchy for the three months ended June 30, 2022 and 2021:
$ in thousandsBeginning balance,
April 1, 2022
Total Realized/Unrealized Gains/(Losses) Recorded in Income (1)
Issuances / (Settlements)Transfers to/(from) Level 3
Ending balance,
June 30, 2022
Change in Unrealized Gains/(Losses) Related to Instruments Held at June 30, 2022
Mortgage servicing rights162 3 — — 165 3 
$ in thousandsBeginning balance,
April 1, 2021
Total Realized/Unrealized Gains/(Losses) Recorded in Income (1)
Issuances / (Settlements)Transfers to/(from) Level 3
Ending balance,
June 30, 2021
Change in Unrealized Gains/(Losses) Related to Instruments Held at June 30, 2021
Mortgage servicing rights1474 ——151 4 
Fair Value, Assets Measured on Recurring Basis, Valuation Techniques For Level 3 assets measured at fair value on a recurring basis as of June 30, 2022 and March 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows:
$ in thousands
Fair Value
June 30, 2022
Valuation TechniqueSignificant Unobservable InputsSignificant Unobservable Input Value
Mortgage servicing rights165 Discounted Cash Flow
Weighted Average Constant Prepayment Rate (1)
4.69 %
Option Adjusted Spread ("OAS") applied to Treasury curve1000 basis points
$ in thousands
Fair Value
March 31, 2022
Valuation TechniqueSignificant Unobservable InputsSignificant Unobservable Input Value
Mortgage servicing rights162 Discounted Cash Flow
Weighted Average Constant Prepayment Rate (1)
6.70 %
Option Adjusted Spread ("OAS" applied to Treasury curve1000 basis points
(1) Represents annualized loan repayment rate assumptions
Fair Value Measurements, Nonrecurring The following table presents assets and liabilities that were measured at fair value on a non-recurring basis as of June 30, 2022 and March 31, 2022, and that are included in the Company’s Consolidated Statements of Financial Condition at these dates:
Fair Value Measurements at June 30, 2022 Using
Quoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable InputsTotal Fair Value
$ in thousands(Level 1)(Level 2)(Level 3)
Impaired loans$— $— $5,494 $5,494 
Other real estate owned— — 60 $60 
Fair Value Measurements at March 31, 2022, Using
Quoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable InputsTotal Fair Value
$ in thousands(Level 1)(Level 2)(Level 3)
Impaired loans$— $— $5,334 $5,334 
Other real estate owned— — 60 $60 
Fair Value, Assets Measured on Nonrecurring Basis, Valuation Techniques For Level 3 assets measured at fair value on a non-recurring basis as of June 30, 2022 and March 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows:
$ in thousands
Fair Value
June 30, 2022
Valuation TechniqueSignificant Unobservable InputsSignificant Unobservable Input Value
Impaired loans$5,494 Appraisal of collateralAppraisal adjustments7.5% cost to sell
Other real estate owned60 Appraisal of collateralAppraisal adjustments7.5% cost to sell
$ in thousands
Fair Value March 31, 2022
Valuation TechniqueSignificant Unobservable InputsSignificant Unobservable Input Value
Impaired loans$5,334 Appraisal of collateralAppraisal adjustments7.5% cost to sell
Other real estate owned60 Appraisal of collateralAppraisal adjustments7.5% cost to sell