Borrowed Money (Tables)

12 Months Ended

Mar. 31, 2023

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, 2023:

$ in thousands
Year ending March 31,
2024	$	—
2025	25,000
2026	—
2027	2,500
2028	—
Thereafter	13,403
Total	$	40,903

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	2023			2022
Amounts outstanding at the end of year:
FHLB advances	$	35,000		$	—
Subordinated debt securities	13,403			13,403
PPPLF	—			3
Other	2,500			2,500
Rate paid at year end:
FHLB advances	4.99		%	—		%
Subordinated debt securities	7.96		%	3.97		%
PPPLF	—		%	0.35		%
Other	1.00		%	1.00		%
Maximum amount of borrowing outstanding at any month end:
FHLB advances	$	40,000		$	2,000
Subordinated debt securities	13,403			13,403
PPPLF	3			23,705
Other	2,500			2,500
Approximate average amounts outstanding for year:
FHLB advances	$	11,776		$	22
Subordinated debt securities	13,403			13,403
PPPLF	—			7,647
Other	2,500			1,757
Approximate weighted average rate paid during year:
FHLB advances	3.04		%	0.09		%
Subordinated debt securities	6.07		%	3.45		%
PPPLF	0.14		%	0.35		%
Other	1.01		%	1.06		%