v3.25.4
Borrowings
 9 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Borrowings

Note 5 - Borrowings

At December 31, 2025 and March 31, 2025, the Company had no outstanding borrowings.

On November 7, 2025, the Association was approved for a line of credit to borrow funds from the Federal Reserve Bank (“FRB”) Discount Window (“Discount Window”). The Association has pledged commercial real estate loans as security with a carrying value of $23.0 million to secure borrowings through the Discount Window, if needed. While the Association has conducted a test of borrowing through the Discount Window, there were no borrowings outstanding through the Discount Window at December 31, 2025. The Association had remaining availability for FRB borrowings of approximately $10.0 million at December 31, 2025

FHLB advances are secured under a blanket collateral agreement. The Association had remaining availability for FHLB borrowings of approximately $47.0 million at December 31, 2025 and $40.5 million at March 31, 2025. The FHLB has sole discretion to deny additional advances. $27,000 of investment securities and $80.0 million of loans were pledged as collateral for FHLB advances at December 31, 2025.

Additionally, the Association had the capacity to borrow $5.0 million at December 31, 2025 and March 31, 2025, from a private bankers’ bank.

The following table shows certain information regarding our borrowings at or for the dates indicated:

 

 

For the three months ended December 31,

 

 

For the nine months ended December 31,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

FHLB of Topeka advances and other borrowings:

 

(Dollars in thousands)

 

 

(Dollars in thousands)

 

Average balance outstanding

 

$

2,085

 

 

$

42

 

 

$

1,765

 

 

$

1,064

 

Outstanding advances with the FHLB of Topeka at any month-end during the period

 

 

—

 

 

 

—

 

 

 

8,500

 

 

 

8,000

 

Outstanding advances with the Federal Reserve Bank at any month-end during the period

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Outstanding advances with a private banker's bank at any month-end during the period

 

 

—

 

 

 

—

 

 

 

—

 

 

 

459

 

Total maximum amount outstanding at any month-end during the period

 

$

—

 

 

$

—

 

 

$

8,500

 

 

$

8,459

 

Average interest rate during the period

 

 

4.22

%

 

 

4.83

%

 

 

4.46

%

 

 

5.44

%

 

 

 

December 31, 2025

 

 

March 31, 2025

 

 

 

(Dollars in thousands)

 

Outstanding advances with the FHLB of Topeka

 

$

—

 

 

$

—

 

Outstanding advances with the Federal Reserve Bank

 

 

—

 

 

 

—

 

Additional borrowing capacity

 

 

62,025

 

 

 

45,534

 

Total borrowing capacity

 

$

62,025

 

 

$

45,534