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Employee Benefit Plans (Table Text Block)
12 Months Ended
Mar. 31, 2018
Table Text Block [Abstract]  
Summary Of Financing Arrangements for Leveraged ESOP Debt

 

 

Outstanding as of

 

Interest Payments

Financing Date

 

March 31, 2018

 

2018

 

2017

 

2016

 

 

(In thousands)

June, 1991

$

16

$

1

$

2

$

10

July, 2009

 

466

 

26

 

36

 

33

February, 2016

 

5,122

 

242

 

 

 

Shares Held by the ESOP Plan

 

 

Years Ended March 31,

 

 

2018

 

2017

 

 

(In thousands)

Allocated shares

 

1,112

 

1,160

Unreleased shares - leveraged

 

19

 

21

Fair value of unreleased shares - leveraged

$

6,448

$

8,127

Unreleased shares - non-leveraged

 

13

 

9

Fair value of unreleased shares - non-leveraged

$

4,557

$

3,539

 

Components of Net Periodic Post Retirement Benefit Cost

 

 

Years Ended March 31,

 

 

2018

 

2017

 

2016

 

 

(In thousands)

Service cost for benefits earned during the period

$

1,073

$

1,026

$

961

Interest cost on accumulated postretirement benefit

 

869

 

814

 

752

Other components

 

58

 

88

 

35

Net periodic postretirement benefit cost

$

2,000

$

1,928

$

1,748

 

Components of Post Retirement Benefit Liabilities

 

 

Years Ended March 31,

 

 

2018

 

2017

 

 

(In thousands)

Beginning of year

$

22,247

$

20,791

Service cost for benefits earned during the period

 

1,073

 

1,026

Interest cost on accumulated post retirement benefit

 

869

 

814

Net benefit payments and expense

 

(644)

 

(443)

Actuarial loss

 

(229)

 

59

Accumulated postretirement benefit obligation

 

23,316

 

22,247

 

 

 

 

 

Current liabilities

 

802

 

737

Non-current liabilities

 

22,514

 

21,510

 

 

 

 

 

Total post retirement benefit liability recognized in statement of financial position

 

23,316

 

22,247

Components included in accumulated other comprehensive income (loss):

 

 

 

 

Unrecognized net loss

 

(2,530)

 

(2,817)

Cumulative net periodic benefit cost (in excess of employer contribution)

$

20,786

$

19,430

 

Discount Rate Assumptions for Accumulated Postretirement Benefit Obligations

 

 

Years Ended March 31,

 

 

2018

 

2017

 

2016

 

 

(In percentages)

Accumulated postretirement benefit obligation

 

3.98%

 

3.94%

 

3.89%

 

Future Net Benefit Payments Expected for Post Employee Benefit Obligations

 

 

Future Net Benefit Payments

 

 

(In thousands)

Year-ended:

 

 

2019

$

802

2020

 

946

2021

 

1,121

2022

 

1,317

2023

 

1,531

2024 through 2028

 

10,594

Total

$

16,311