v3.26.1
Borrowings
 12 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Borrowings

Note 6 - Borrowings

The Company had no outstanding borrowings as of March 31, 2026 and March 31, 2025.

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

 

 

 

At or For the Year Ended March 31,

 

 

 

2026

 

 

2025

 

FHLB of Topeka advances and other borrowings:

 

(Dollars in thousands)

 

Average balance outstanding

 

$

1,324

 

 

$

1,752

 

Maximum amount outstanding with the FHLB of Topeka at any month-end during the period

 

 

8,500

 

 

 

8,000

 

Maximum amount outstanding with the Federal Reserve Bank at any month-end during the period

 

 

—

 

 

 

—

 

Maximum amount outstanding 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

 

 

4.46

%

 

 

5.65

%

As of March 31, 2026, the Association had remaining available borrowing capacity with the Federal Home Loan Bank (“FHLB”) of approximately $47.0 million, compared to $40.5 million at March 31, 2025, subject to collateral requirements and FHLB credit policies. The Association had $13.0 million in irrevocable letters of credit outstanding with the FHLB at March 31, 2026 to secure public deposits. The FHLB retains sole discretion to grant or deny additional advances. At March 31, 2026, the Association had pledged investment securities with a carrying value of $25,000 and loans with a carrying value of $80.0 million as collateral for FHLB borrowings.

As of March 31, 2026, the Association had an approved line of credit with the Federal Reserve Bank (“FRB”) Discount Window. The Association had pledged commercial real estate loans with a carrying value of $13.4 million as collateral for potential borrowings and had remaining borrowing capacity of approximately $10.0 million at March 31, 2026.

Additionally, the Association maintained a $5.0 million unsecured federal funds line of credit with a private bankers’ bank at March 31, 2026 and March 31, 2025.