v3.25.2
Investment Securities (Tables)
 3 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Unrealized Gain (Loss) on Investments The following tables set forth the amortized cost and fair value of securities available-for-sale and held-to-maturity at June 30, 2025 and March 31, 2025:
At June 30, 2025
AmortizedGross Unrealized
$ in thousandsCostGainsLossesFair Value
Available-for-Sale:    
Mortgage-backed Securities:    
Government National Mortgage Association$198 $5 $— $203 
Federal Home Loan Mortgage Corporation18,440 — (3,994)14,446 
Federal National Mortgage Association10,058 — (2,079)7,979 
Total mortgage-backed securities28,696 5 (6,073)22,628 
U.S. Government Agency Securities4,040 4 (4)4,040 
Corporate Bonds5,262 — (2,470)2,792 
Muni Securities17,667 — (3,291)14,376 
Total available-for-sale$55,665 $9 $(11,838)$43,836 
Held-to-Maturity:    
Mortgage-backed Securities:    
Government National Mortgage Association$246 $— $(8)$238 
Federal National Mortgage Association and Other1,458 — (34)1,424 
Total held-to maturity$1,704 $— $(42)$1,662 

At March 31, 2025
AmortizedGross Unrealized
$ in thousandsCostGainsLossesFair Value
Available-for-Sale:    
Mortgage-backed Securities:    
Government National Mortgage Association$204 $5 $— $209 
Federal Home Loan Mortgage Corporation18,779 — (4,017)14,762 
Federal National Mortgage Association10,231 — (2,130)8,101 
Total mortgage-backed securities29,214 5 (6,147)23,072 
U.S. Government Agency Securities4,326 — (16)4,310 
Corporate Bonds5,262 — (2,442)2,820 
Muni Securities17,673 — (3,353)14,320 
Total available-for-sale$56,475 $5 $(11,958)$44,522 
Held-to-Maturity:    
Mortgage-backed Securities:    
Government National Mortgage Association$249 $— $(9)$240 
Federal National Mortgage Association and Other1,501 — (43)1,458 
Total held-to-maturity$1,750 $— $(52)$1,698 
Schedule of Unrealized Loss on Investments The following tables set forth the unrealized losses and fair value of securities in an unrealized loss position at June 30, 2025 and March 31, 2025 for less than 12 months and 12 months or longer:
At June 30, 2025
Less than 12 months12 months or longerTotal
$ in thousandsUnrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value
Available-for-Sale:      
Mortgage-backed securities$— $— $(6,073)$22,425 $(6,073)$22,425 
U.S. Government Agency securities(1)2,285 (3)589 (4)2,874 
Corporate bonds— — (2,470)2,791 (2,470)2,791 
Muni securities— — (3,291)14,376 (3,291)14,376 
Total available-for-sale securities$(1)$2,285 $(11,837)$40,181 $(11,838)$42,466 
Held-to-Maturity:
Mortgage-backed securities$— $— $(42)$1,634 $(42)$1,634 
  Total held-to-maturity securities$— $— $(42)$1,634 $(42)$1,634 

At March 31, 2025
Less than 12 months12 months or longerTotal
$ in thousandsUnrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value
Available-for-Sale:      
Mortgage-backed securities$— $— $(6,147)$22,863 $(6,147)$22,863 
U.S. Government Agency securities(11)3,467 (5)843 (16)4,310 
Corporate bonds— — (2,442)2,820 (2,442)2,820 
Muni securities— — (3,353)14,320 (3,353)14,320 
Total available-for-sale securities$(11)$3,467 $(11,947)$40,846 $(11,958)$44,313 
Held-to-Maturity:      
Mortgage-backed securities$— $— $(52)$1,670 $(52)$1,670 
Total held-to-maturity securities$— $— $(52)$1,670 $(52)$1,670 
Investments Classified by Contractual Maturity Date The following is a summary of the amortized cost and fair value of debt securities at June 30, 2025, by remaining period to contractual maturity (ignoring earlier call dates, if any).  Actual maturities may differ from contractual maturities because certain security issuers have the right to call or prepay their obligations.  The table below does not consider the effects of possible prepayments or unscheduled repayments.
$ in thousandsAmortized CostFair ValueWeighted
Average Yield
Available-for-Sale:
One through five years$593 $589 5.63 %
Five through ten years12,252 10,093 2.22 %
After ten years14,124 10,526 3.59 %
Mortgage-backed securities28,696 22,628 1.64 %
Total$55,665 $43,836 2.29 %
Held-to-maturity:
Mortgage-backed securities$1,704 $1,662 2.87 %