Deposits (Notes)

12 Months Ended

Mar. 31, 2014

Deposit Liabilities Disclosures [Text Block]

DEPOSITS

Deposit balances and weighted average stated interest rates as of March 31 are as follows:



	2014						2013
$ in thousands	Amount		Percent of Total Deposits		Weighted Average Rate		Amount		Percent of Total Deposits		Weighted Average Rate
Non-interest-bearing demand	$	53,232	10.45	%	—	%	$	58,239	11.75	%	—	%
Interest-bearing checking	24,271		4.77		0.16		25,927		5.23		0.16
Savings	98,051		19.25		0.27		98,066		19.78		0.26
Money market savings account	127,655		25.06		0.46		113,259		22.85		0.67
Certificates of deposit	203,907		40.03		1.01		198,089		39.96		1.16
Mortgagors deposits	2,250		0.44		1.73		2,136		0.43		1.80
Total	$	509,366	100.00	%	0.59	%	$	495,716	100.00	%	0.68	%

Scheduled maturities of certificates of deposit for the year ended March 31, 2014 are as follows:



$ in thousands	Period to Maturity
Rate	< 1 Yr.		1-2 Yrs.		2-3 Yrs.		3+ Yrs.		Total 2014		Percent of Total
0% - 0.99%	$	84,902	$	6,683	$	2,662	$	8,299	$	102,546	50.29	%
1% - 1.99%	34,216		16,477		18,222		11,584		80,499		39.48
2% - 3.99%	5,309		10,496		4,762		236		20,803		10.20
4% and over	55		—		—		4		59		0.03
Total	$	124,482	$	33,656	$	25,646	$	20,123	$	203,907	100.00	%

The following table represents the amount of certificates of deposit of $100,000 or more at March 31, 2014 maturing during the periods indicated:



$ in thousands
Maturing:
April 1, 2014 to June 30, 2014	$	25,521
July 1, 2014 to September 30, 2014	14,506
October 1, 2014 to March 31, 2015	51,147
April 1, 2015 and beyond	63,489
Total	$	154,663

Interest expense on deposits is as follows for the years ended March 31:



$ in thousands	2014			2013			2012
Interest-bearing checking	$	40		$	42		$	42
Savings and clubs	256			259			274
Money market savings	536			739			838
Certificates of deposit	1,938			2,441			2,848
Mortgagors deposits	34			37			38
	2,804			3,518			4,040
Penalty for early withdrawal of certificates of deposit	(7		)	(10		)	(17		)
Total interest expense	$	2,797		$	3,508		$	4,023

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References+ Details