Fair Value of Financial Instruments Fair Value of Financial Instruments (Tables)

6 Months Ended

Sep. 30, 2019

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 September 30, 2019 and March 31, 2019 are as follows:

	September 30, 2019
$ 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	$	38,229	$	38,229	$	38,229	$	—	$	—
Securities available-for-sale	75,109		75,109		—		75,109		—
Other investments	492		492		—		—		492
FHLB Stock	1,468		1,468		—		1,468		—
Securities held-to-maturity	10,680		10,879		—		10,879		—
Loans receivable	428,659		434,711		—		—		434,711
Accrued interest receivable	2,065		2,065		—		2,065		—
Mortgage servicing rights	174		174		—		—		174
Other assets - Interest-bearing deposits	978		978		—		978		—
Financial Liabilities:
Deposits	$	473,121	$	472,114	$	280,017	$	192,097	$	—
Advances from FHLB of New York	20,000		19,998		—		19,998		—
Other borrowed money	13,403		13,370		—		13,370		—
Accrued interest payable	2,403		2,403		—		2,403		—

	March 31, 2019
$ 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	$	31,228	$	31,228	$	31,228	$	—	$	—
Securities available-for-sale	79,845		79,845		—		79,845		—
Other investments	454		454		—		—		454
FHLB Stock	926		926		—		926		—
Securities held-to-maturity	11,137		11,107		—		11,107		—
Loans receivable	424,182		424,013		—		—		424,013
Accrued interest receivable	2,019		2,019		—		2,019		—
Mortgage servicing rights	180		180		—		—		180
Other assets - Interest-bearing deposits	976		976		—		976		—
Financial Liabilities:
Deposits	$	480,196	$	477,503	$	277,360	$	200,143	$	—
Advances from FHLB of New York	8,000		8,001		—		8,001		—
Other borrowed money	13,403		12,393		—		12,393		—
Accrued interest payable	1,931		1,931		—		1,931		—