Fair Value Measurements Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2018

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]

Fair Value, Assets Measured on Recurring Basis

The following table presents, by valuation hierarchy, assets that are measured at fair value on a recurring basis as of March 31, 2018 and 2017, and that are included in the Company's Consolidated Statements of Financial Condition at these dates:

	Fair Value Measurements at March 31, 2018, Using
$ in thousands	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Mortgage servicing rights	$	—	$	—	$	181	$	181
Investment securities
Available-for-sale:
Mortgage-backed securities:
Government National Mortgage Association	—		2,066		—		2,066
Federal Home Loan Mortgage Corporation	—		6,350		—		6,350
Federal National Mortgage Association	—		23,411		—		23,411
U.S. Government Agency securities	—		14,232		—		14,232
Corporate bonds	—		4,866		—		4,866
Other investments	—		9,351		433		9,784
Total available-for-sale securities	—		60,276		433		60,709
Total assets	$	—	$	60,276	$	614	$	60,890
	Fair Value Measurements at March 31, 2017, Using
$ in thousands	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Mortgage servicing rights	$	—	$	—	$	192	$	192
Investment securities
Available-for-sale:
Mortgage-backed securities:
Government National Mortgage Association	—		2,487		—		2,487
Federal Home Loan Mortgage Corporation	—		7,858		—		7,858
Federal National Mortgage Association	—		26,313		—		26,313
U.S. Government Agency securities	—		7,482		—		7,482
Corporate bonds	—		4,964		—		4,964
Other investments	—		9,504		403		9,907
Total available-for-sale securities	—		58,608		403		59,011
Total assets	$	—	$	58,608	$	595	$	59,203

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table includes a rollforward of assets classified by the Company within Level 3 of the valuation hierarchy for the years ended March 31, 2018 and 2017:

$ in thousands	Beginning balance, April 1, 2017		Total Realized/Unrealized Gains/(Losses) Recorded in Income (1)			Issuances / (Settlements)		Transfers to/(from) Level 3		Ending balance, March 31, 2018		Change in Unrealized Gains/(Losses) Related to Instruments Held at March 31, 2018
Available-for-Sale:
Other investments	$	403	$	30		$	—	$	—	$	433	$	—
Mortgage Servicing Rights	192		(11		)	—		—		181		(10		)

$ in thousands	Beginning balance, April 1, 2016		Total Realized/Unrealized Gains/(Losses) Recorded in Income (1)			Issuances / (Settlements)		Transfers to/(from) Level 3		Ending balance, March 31, 2017		Change in Unrealized Gains/(Losses) Related to Instruments Held at March 31, 2017
Available-for-Sale
Other investments	$	193	$	(1	)	$	211	$	—	$	403	$	—
Mortgage Servicing Rights	201		(9		)	—		—		192		(9		)

⁽¹⁾ Includes net servicing cash flows and the passage of time.

Fair Value, Assets Measured on Recurring Basis, Valuation Techniques

For Level 3 assets measured at fair value on a recurring basis as of March 31, 2018 and 2017, the significant unobservable inputs used in the fair value measurements were as follows:

$ in thousands	Fair Value at March 31, 2018	Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Available-for-Sale:
Other investments	433	Cost	n/a
Mortgage Servicing Rights	181	Discounted Cash Flow	Weighted Average Constant Prepayment Rate (1)	20.03	%
			Discount Rate	12.00	%

$ in thousands	Fair Value at March 31, 2017	Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Available-for-Sale:
Other investments	403	Cost	n/a
Mortgage Servicing Rights	192	Discounted Cash Flow	Weighted Average Constant Prepayment Rate (1)	22.37	%
			Discount Rate	12.00	%

⁽¹⁾ Represents annualized loan repayment rate assumptions

Fair Value Measurements, Nonrecurring

The following table presents assets and liabilities that were measured at fair value on a non-recurring basis as of March 31, 2018 and 2017, and that are included in the Company's Consolidated Statements of Financial Condition at these dates:

	Fair Value Measurements at March 31, 2018, Using
$ in thousands	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Impaired loans	$	—	$	—	$	4,476	$	4,476
Other real estate owned	$	—	$	—	$	1,145	$	1,145
	Fair Value Measurements at March 31, 2017, Using
$ in thousands	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value
Impaired loans	$	—	$	—	$	5,953	$	5,953
Other real estate owned	$	—	$	—	$	990	$	990

Fair Value, Assets Measured on Nonrecurring Basis, Valuation Techniques

For Level 3 assets measured at fair value on a non-recurring basis as of March 31, 2018 and 2017, the significant unobservable inputs used in the fair value measurements were as follows:

$ in thousands	Fair Value at March 31, 2018		Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Impaired loans	$	4,476	Appraisal of collateral	Appraisal adjustments	7.5% cost to sell
Other real estate owned	1,145		Appraisal of collateral	Appraisal adjustments	7.5% cost to sell

$ in thousands	Fair Value at March 31, 2017		Valuation Technique	Significant Unobservable Inputs	Significant Unobservable Input Value
Impaired loans	$	5,953	Appraisal of collateral	Appraisal adjustments	7.5% cost to sell
Other real estate owned	990		Appraisal of collateral	Appraisal adjustments	7.5% cost to sell