v3.25.2
Carver Bancorp Inc.-Parent Company Only (Tables)
 12 Months Ended
Mar. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Condensed Statements of Financial Condition
As of March 31,
$ in thousands
2025
2024
Assets
Cash on deposit with subsidiaries$837 $2,487 
Investment in subsidiaries52,701 60,838 
Other assets556 840 
Total assets$54,094 $64,165 
Liabilities and Stockholders' Equity
Borrowings$18,403 $18,403 
Accounts payable to subsidiaries5,731 3,300 
Other liabilities382 153 
Total liabilities24,516 21,856 
Stockholders’ equity29,578 42,309 
Total liabilities and stockholders’ equity$54,094 $64,165 
Condensed Statements of Operations
Years Ended March 31,
$ in thousands
2025
2024
Income
Equity in net loss from subsidiaries$(9,888)$(457)
Other income91 135 
Grant income— 61 
Total (loss) income(9,797)(261)
Expense
Interest expense on borrowings1,199 1,233 
Salaries and employee benefits1,313 667 
Shareholder expense318 215 
Other1,117 601 
Total expense3,947 2,716 
Net loss$(13,744)$(2,977)
Comprehensive loss$(12,992)$(3,467)
Condensed Statements of Cash Flow
Years Ended March 31,
$ in thousands
2025
2024
Cash Flows From Operating Activities
Net loss$(13,744)$(2,977)
Adjustments to reconcile net loss to net cash from operating activities:
Equity in net loss from subsidiaries9,888 457 
Restricted stock vesting66 219 
Decrease (increase) in other assets96 (59)
Increase in accounts payable to subsidiaries2,431 1,825 
Increase (decrease) in other liabilities229 (488)
Net cash used in operating activities(1,034)(1,023)
Cash Flows From Investing Activities
Capital contribution(1,000)— 
Decrease (increase) in equity investment189 (658)
Net cash used in investing activities(811)(658)
Cash Flows From Financing Activities
Increase in borrowings— 2,500 
Issuance of common stock195 1,000 
Net cash provided by financing activities195 3,500 
Net (decrease) increase in cash(1,650)1,819 
Cash and cash equivalents – beginning2,487 668 
Cash and cash equivalents – ending$837 $2,487