v3.26.1
Low Income Housing Tax Credit (Tables)
 12 Months Ended
Mar. 31, 2026
Investments in Affordable Housing Projects [Abstract]  
Summary of Affordable Housing Tax Credit Investment and Related Unfunded Commitment

The following table presents the balances of the Association’s affordable housing tax credit investments and related unfunded commitments as of March 31:

 

 

 

Year Ended March 31,

 

 

 

2026

 

 

2025

 

 

 

(Dollars in thousands)

 

Affordable housing tax credit investments - beginning of year

 

$

1,313

 

 

$

1,479

 

Less: amortization

 

 

(173

)

 

 

(166

)

Net affordable housing tax credit investments - end of year

 

$

1,140

 

 

$

1,313

 

Unfunded commitments

 

$

276

 

 

$

487

 

 

 

 

 

 

 

 

Tax credits and other tax benefits recognized

 

$

172

 

 

$

164

 

Proportional amortization expense included in income tax expense

 

 

(173

)

 

 

(166

)