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Fair Value of Financial Instruments (Tables)
12 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
The carrying amounts and estimated fair values of the Bank's financial instruments and estimation methodologies at March 31 are as follows:
 
 
March 31, 2018
$ 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
 
$
134,558

 
$
134,558

 
$
134,558

 
$

 
$

Available-for-sale securities
 
60,709

 
60,709

 

 
60,276

 
433

FHLB Stock
 
1,768

 
1,768

 

 
1,768

 

Held-to-maturity securities
 
12,075

 
11,909

 

 
11,909

 

Loans receivable
 
472,627

 
469,382

 

 

 
469,382

Accrued interest receivable
 
2,023

 
2,023

 

 
2,023

 

Mortgage servicing rights
 
181

 
181

 

 

 
181

Other assets - Interest-bearing deposits
 
971

 
971

 

 
971

 

Financial Liabilities:
 
 
 
 
 
 
 
 
 
 
Deposits
 
$
586,883

 
$
535,808

 
$
245,634

 
$
290,174

 
$

Advances from FHLB of New York
 
25,000

 
24,970

 

 
24,970

 

Other borrowed money
 
13,403

 
14,565

 

 
14,565

 

Accrued interest payable
 
1,086

 
1,086

 

 
1,086

 


 
 
March 31, 2017
$ 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
 
$
58,686

 
$
58,686

 
$
58,686

 
$

 
$

Restricted cash
 
283

 
283

 

 
283

 

Securities available-for-sale
 
59,011

 
59,011

 

 
58,608

 
403

FHLB Stock
 
2,171

 
2,171

 

 
2,171

 

Securities held-to-maturity
 
13,435

 
13,497

 

 
13,497

 

Loans receivable
 
540,492

 
543,929

 

 

 
543,929

Loans held-for-sale
 
944

 
944

 

 

 
944

Accrued interest receivable
 
1,583

 
1,583

 

 
1,583

 

Mortgage servicing rights
 
192

 
192

 

 

 
192

Other assets - Interest-bearing deposits
 
985

 
985

 

 
985

 

Financial Liabilities:
 
 
 
 
 
 
 
 
 
 
Deposits
 
$
579,176

 
$
548,902

 
$
313,430

 
$
235,472

 
$

Advances from FHLB of New York
 
30,000

 
29,994

 

 
29,994

 

Other borrowed money
 
19,403

 
18,896

 

 
18,896

 

Accrued interest payable
 
390

 
390

 

 
390