v3.26.3
Borrowings
 6 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Borrowings

Note 5 - Borrowings

At September 30, 2026 and March 31, 2026, the Company had no outstanding borrowings.

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

 

 

For the three months ended September 30,

 

 

For the six months ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

FHLB of Topeka advances and other borrowings:

 

(Dollars in thousands)

 

 

(Dollars in thousands)

 

Average balance outstanding

 

$

—

 

 

$

3,091

 

 

$

—

 

 

$

1,621

 

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

 

 

—

 

 

 

8,500

 

 

 

—

 

 

 

8,500

 

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

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

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

 

$

—

 

 

$

8,500

 

 

$

—

 

 

$

8,500

 

Average interest rate during the period

 

N/A

 

 

 

4.53

%

 

N/A

 

 

 

4.57

%

As of September 30, 2026 and March 31, 2026, the Association had available borrowing capacity with the Federal Home Loan Bank (“FHLB”) of approximately $47.0 million, subject to collateral requirements and FHLB credit policies. The Association had $13.0 million in irrevocable letters of credit outstanding with the FHLB at September 30, 2026 and March 31, 2026 to secure public deposits. The FHLB retains sole discretion to grant or deny additional advances. At September 30, 2026, the Association had pledged investment securities with a carrying value of $17,000 and loans with a carrying value of $75.0 million as collateral for FHLB borrowings.

As of September 30, 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 $13.0 million as collateral for potential borrowings and had remaining borrowing capacity of approximately $10.0 million at September 30, 2026 and March 31, 2026.

Additionally, the Association maintained a $5.0 million unsecured federal funds line of credit with a private bankers’ bank at September 30, 2026 and March 31, 2026.