Borrowed Money (Tables)

12 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Federal Home Loan Bank, Advances

FHLB-NY advances weighted average interest rates by remaining period to maturity at March 31 are as follows:

$ in thousands	2019
Maturing Year Ended March 31,	Weighted Average Rate	Amount
2020	2.66%	$	8,000
	2.66%	$	8,000

Schedule of Debt

The following table sets forth certain information regarding Carver Federal's borrowings as of and for the years ended March 31:

$ in thousands	2020			2019
Amounts outstanding at the end of year:
FHLB advances	$	—		$	8,000
Subordinated debt securities	13,403			13,403
Rate paid at year end:
FHLB advances	—		%	2.66		%
Subordinated debt securities	3.89		%	5.66		%
Maximum amount of borrowing outstanding at any month end:
FHLB advances	$	23,000		$	25,000
Subordinated debt securities	$	13,403		$	13,403
Approximate average amounts outstanding for year:
FHLB advances	$	8,115		$	4,118
Subordinated debt securities	$	13,403		$	13,403
Approximate weighted average rate paid during year:
FHLB advances	2.15		%	2.16		%
Subordinated debt securities	6.08		%	6.11		%