Employee Benefit and Stock Compensation Plans (Tables)

12 Months Ended

Mar. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

The following table sets forth the plan's changes in benefit obligation, changes in plan assets and funded status and amounts recognized in Carver Federal's consolidated financial statements at March 31:

$ in thousands	2014			2013
Change in benefit obligation:
Benefit obligation at the beginning of year	$	2,426		$	2,614
Interest cost	61			106
Actuarial gain	(165		)	53
Benefits paid	(2,497		)	(390		)
Settlements	175			43
Benefit obligation at end of year	$	—		$	2,426
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	$	2,023		$	2,251
Actual return on plan assets	120			160
Contributions	354			—
Benefits paid	(97		)	(190		)
Settlements	(2,400		)	(198		)
Fair value of plan assets at end of year	$	—		$	2,023
Funded status	$	—		$	(403	)
Accrued pension cost	$	—		$	(403	)

Schedule of Net Benefit Costs [Table Text Block]

Net periodic pension cost includes the following components for the years ended March 31:

$ in thousands	2014			2013			2012
Interest cost	$	61		$	106		$	122
Unrecognized loss	$	34		$	45		$	61
Settlement charge	$	1,180		$	100		$	—
Expected return on plan assets	$	(106	)	$	(176	)	$	(163	)
Net periodic pension cost	$	1,169		$	75		$	20

Schedule of Assumptions Used [Table Text Block]

Significant actuarial assumptions used in determining plan benefits for the years ended March 31 are as follows:

	2014	2013		2012
Annual salary increase (1)	—	—		—
Expected long-term return on assets	N/A	8.00	%	8.00	%
Discount rate used in measurement of benefit obligations	N/A	3.75	%	4.18	%

⁽¹⁾  The annual salary increase rate is not applicable as the plan is frozen and no new benefits accrue.

Schedule of Allocation of Plan Assets [Table Text Block]

The weighted average asset allocations for Carver Federal's Plan as of March 31, 2014 and 2013, were as follows:

	At March 31,
Asset	2014	2013
Equity securities	—%	61%
Debt securities	—%	39%
Total	—%	100%

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Information regarding stock options as of and for the years ended March 31 is as follows:

	2014		2013			2012
	Options (1)	Weighted Average Exercise Price	Options (1)	Weighted Average Exercise Price		Options (1)	Weighted Average Exercise Price
Outstanding, beginning of year	5,362	255.17	7,362	$	235.00	10,244	$	216.75
Granted	—	—	—	—		—	—
Exercised	—	—	—	—		—	—
Expired/Forfeited	1,333	246.15	2,000	180.90		2,882	170.08
Outstanding, end of year	4,029	258.16	5,362	255.17		7,362	235.00
Exercisable, at year end	3,975		5,229			6,696

⁽¹⁾ Options for all periods presented reflects a 1-for-15 reverse stock split which was effective on October 27, 2011

Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block]

Information regarding stock options as of and for the year ended March 31, 2014 is as follows :

				Options Outstanding			Options Exercisable
Range of Exercise Prices				Shares	Weighted Average Remaining Life	Weighted Average Exercise Price	Shares	Weighted Average Exercise Price
$	90.00	$	104.85	134	6.36	$97.50	80	$97.50
240.00		254.85		1,899	2.78	250.61	1,899	16.55
255.00		269.85		996	1.18	257.63	996	257.63
285.00		299.85		1,000	0.23	294.45	1,000	294.45
Total				4,029			3,975

Option pricing model assumptions [Table Text Block]

The fair value of the option grants was estimated on the date of the grant using the Black-Scholes option pricing model applying the following weighted average assumptions for the years ended March 31:

	2014	2013	2012
Risk-free interest rate	N/A	N/A	N/A
Volatility	N/A	N/A	N/A
Annual dividends	N/A	N/A	N/A
Expected life of option grants	N/A	N/A	N/A