Fair Value of Financial Instruments (Tables)

12 Months Ended

Mar. 31, 2023

The carrying amounts and estimated fair values of the Bank's financial instruments and estimation methodologies at March 31 are as follows:


	March 31, 2023
$ 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	$	42,552	$	42,552	$	42,552	$	—	$	—

Securities available-for-sale	53,843		53,843		—		53,843		—


Securities held-to-maturity	2,318		2,221		—		2,221		—
Loans receivable	592,667		567,029		—		—		567,029

Accrued interest receivable	1,911		1,911		—		1,911		—
Mortgage servicing rights	152		152		—		—		152

Financial Liabilities:
Deposits	$	600,429	$	594,736	$	418,432	$	176,304	$	—
Advances from FHLB of New York	35,000		35,238		—		35,238		—
Other borrowed money	15,903		14,575		—		14,575		—
Accrued interest payable	380		380		—		380		—


	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		—