Deposits (Tables)
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12 Months Ended |
Mar. 31, 2025 |
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| Deposits [Abstract] |
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| Deposit Liabilities, Type |
Deposit balances and weighted average interest rates as of March 31 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | $ in thousands | Amount | | Percent of Total Deposits | | Weighted Average Rate | | Amount | | Percent of Total Deposits | | Weighted Average Rate | | Non-interest-bearing demand | $ | 89,538 | | | 13.53 | % | | — | % | | $ | 102,013 | | | 15.77 | % | | — | % | | Interest-bearing checking | 44,453 | | | 6.72 | | | 0.12 | | | 46,358 | | | 7.17 | | | 0.58 | | | Savings | 111,365 | | | 16.83 | | | 0.62 | | | 113,187 | | | 17.49 | | | 0.28 | | | Money market savings account | 161,592 | | | 24.41 | | | 2.01 | | | 159,105 | | | 24.59 | | | 1.34 | | | Certificates of deposit | 252,129 | | | 38.10 | | | 3.98 | | | 223,719 | | | 34.58 | | | 3.22 | | | Loan escrow deposits | 2,760 | | | 0.41 | | | 1.03 | | | 2,617 | | | 0.40 | | | 0.30 | | | Total | $ | 661,837 | | | 100.00 | % | | 2.12 | % | | $ | 646,999 | | | 100.00 | % | | 1.54 | % |
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| CD Maturities |
Scheduled maturities of certificates of deposit for the year ended March 31, 2025 are as follows: | | | | | | | | | | $ in thousands | | Amount | | Maturing years ending March 31: | | | | 2026 | | $ | 231,873 | | | 2027 | | 14,088 | | | 2028 | | 2,631 | | | 2029 | | 1,723 | | | 2030 | | 1,812 | | | 2031 and beyond | | 2 | | | Total | | $ | 252,129 | |
The following table represents the amount of certificates of deposit of $250,000 or more at March 31, 2025 maturing during the periods indicated: | | | | | | | $ in thousands | | | Maturing: | | | April 1, 2025 to June 30, 2025 | $ | 60,824 | | | July 1, 2025 to September 30, 2025 | 6,339 | | | October 1, 2025 to March 31, 2026 | 4,688 | | | April 1, 2026 and beyond | 2,330 | | | Total | $ | 74,181 | |
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| Interest expense on deposits |
Interest expense on deposits is as follows for the years ended March 31: | | | | | | | | | | | | | | | $ in thousands | 2025 | | 2024 | | | | Interest-bearing checking | $ | 54 | | | $ | 289 | | | | | Savings and clubs | 677 | | | 310 | | | | | Money market savings | 3,109 | | | 2,102 | | | | | Certificates of deposit | 9,175 | | | 6,370 | | | | | Loan escrow deposits | 23 | | | 8 | | | | | Total interest expense | $ | 13,038 | | | $ | 9,079 | | | | | | | | | | | | | | | |
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| Other Deposits liabilities |
The following table presents additional information about our year-end deposits: | | | | | | | | | | | | | | | | $ in thousands | | 2025 | | 2024 | | Deposits from the Certificate of Deposit Account Registry Service (CDARS) | | $ | 89,994 | | | $ | 76,650 | | | Deposits from brokers | | 55,042 | | | 60,041 | | | Certificates of deposit individually greater than $250,000 | | 19,180 | | | 19,458 | | | Deposits from certain directors, executive officers and their affiliates | | 3,219 | | | 1,033 | |
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