Fair Value of Financial Instruments (Tables)

9 Months Ended

Dec. 31, 2022

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, 2022 and March 31, 2022 are as follows:

	December 31, 2022
$ 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	$	43,912	$	43,912	$	43,912	$	—	$	—
Securities available-for-sale	53,443		53,443		—		53,443		—
Securities held-to-maturity	2,406		2,282		—		2,282		—
Loans receivable	581,595		546,749		—		—		546,749
Accrued interest receivable	2,513		2,513		—		2,513		—
Mortgage servicing rights	145		145		—		—		145
Financial Liabilities:
Deposits	$	609,247	$	604,416	$	455,166	$	149,250	$	—
Advances from FHLB of New York	15,000		15,000		—		15,000		—
Other borrowed money	15,903		14,565		—		14,565		—
Accrued interest payable	152		152		—		152		—

	March 31, 2022
$ 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	$	61,018	$	61,018	$	61,018	$	—	$	—
Securities available-for-sale	67,596		67,596		—		67,596		—
Securities held-to-maturity	5,254		5,276		—		5,276		—
Loans receivable	573,880		563,821		—		—		563,821
Accrued interest receivable	2,414		2,414		—		2,414		—
Mortgage servicing rights	162		162		—		—		162
Financial Liabilities:
Deposits	$	628,117	$	624,160	$	485,884	$	138,276	$	—
Other borrowed money	15,906		15,673		—		15,673		—
Accrued interest payable	91		91		—		91		—