v3.26.1
Deposits
12 Months Ended
Mar. 31, 2026
Deposits [Abstract]  
Deposits

Note 5 - DEPOSITS

A summary of time deposits included in interest bearing deposits in the consolidated statements of financial condition by maturity at March 31, 2026, is as follows:

 

 

 

Amount

 

12 Months Ending March 31,

 

(Dollars in thousands)

 

2027

 

$

115,240

 

2028

 

 

29,213

 

2029

 

 

17,434

 

2030

 

 

1,030

 

2031 or later

 

 

134

 

Total time deposit accounts

 

$

163,051

 

The aggregate amount of jumbo certificates of deposit, each with a minimum denomination greater than $250, was $35.5 million at March 31, 2026 and $28.6 million at March 31, 2025, respectively. At March 31, 2026, the Company had $27.6 million in brokered deposits and $7.3 million in brokered deposits at March 31, 2025.

In the normal course of business, deposit accounts are held by directors and officers of the Association (related parties). The terms for these accounts, including interest rates, fees, and other attributes, are similar to those prevailing for comparable transactions with other customers and do not involve more than the normal level of risk associated with deposit accounts. At March 31, 2026 and 2025, total deposits held by directors and officers of the Company and the Association were $3.3 million and $3.4 million, respectively.