Carver Bancorp (CARV) 10-Q 13 Feb 25 2025 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document	9 Months Ended
	Dec. 31, 2024
Document and Entity Information [Abstract]
Entity Central Index Key	0001016178
Current Fiscal Year End Date	--03-31
Document Period End Date	Dec. 31, 2024
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q3
Amendment Flag	false

Cover Page

Cover Page - shares	9 Months Ended
	Dec. 31, 2024	Feb. 12, 2025
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-13007
Entity Registrant Name	CARVER BANCORP, INC.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	75 West 125th Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Tax Identification Number	13-3904174
Entity Address, Postal Zip Code	10027
City Area Code	(718)
Local Phone Number	230-2900
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Smaller Reporting Company	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,109,728

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands		Dec. 31, 2024	Mar. 31, 2024
Cash and cash equivalents:
Cash and due from banks		$ 49,449	$ 58,522
Money market investments		510	503
Total cash and cash equivalents		49,959	59,025
Investment securities:
Available-for-sale		44,121	48,030
Held-to-maturity		1,807	2,008
Total investment securities		45,928	50,038
Loans receivable:
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		610,877	622,878
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest		(6,057)	(5,871)
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss, Total		604,820	617,007
Premises and equipment, net		2,166	2,567
Federal Home Loan Bank of New York (“FHLB-NY”) stock, at cost		1,665	2,004
Accrued interest receivable		2,466	3,662
Right-of-use assets		8,884	9,844
Other assets		11,642	12,649
Total assets		727,530	756,796
Deposits:
Non-interest bearing checking		97,297	102,013
Interest-bearing deposits:
Interest-bearing checking		43,600	46,358
Savings		107,095	113,187
Money market		151,796	159,105
Certificates of deposit		236,230	223,719
Escrow		921	2,617
Total interest-bearing deposits		539,642	544,986
Total deposits		636,939	646,999
Advances from the FHLB-NY and other borrowed money		38,281	46,536
Operating lease liability		9,539	10,616
Other liabilities		10,505	10,336
Total liabilities		695,264	714,487
Commitments and Contingencies		0	0
EQUITY
Common stock		78	77
Additional paid-in capital		87,881	87,660
Accumulated deficit		(61,522)	(51,549)
Treasury stock		(2,908)	(2,908)
Accumulated other comprehensive loss		(12,997)	(12,705)
Total equity		32,266	42,309
Total liabilities and equity		$ 727,530	$ 756,796
Common Stock, Shares Issued (in shares)		7,765,863	7,765,863
Common Stock, Shares Outstanding (in shares)		5,262,060	5,262,060
Debt Securities, Available-for-sale, Amortized Cost		$ 57,118	$ 60,735
Series D Preferred Stock
Interest-bearing deposits:
Convertible Preferred Stock, Shares Outstanding (in shares)		9,557	9,557
EQUITY
Preferred stock		$ 9,557	$ 9,557
Convertible Preferred Stock, Shares Issued (in shares)		9,557	9,557
Series E Preferred Stock
Interest-bearing deposits:
Convertible Preferred Stock, Shares Outstanding (in shares)		3,177	3,177
EQUITY
Preferred stock		$ 3,177	$ 3,177
Convertible Preferred Stock, Shares Issued (in shares)		3,177	3,177
Series F Preferred Stock
Interest-bearing deposits:
Convertible Preferred Stock, Shares Outstanding (in shares)		9,000	9,000
EQUITY
Preferred stock		$ 9,000	$ 9,000
Convertible Preferred Stock, Shares Issued (in shares)		9,000	9,000
Real Estate
Loans receivable:
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		$ 431,576	$ 437,577
Business
Loans receivable:
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	[1]	163,579	169,602
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest		(1,415)	(1,415)
Consumer
Loans receivable:
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	[2]	15,722	15,699
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest		$ (593)	$ (450)
[1] (1) Includes PPP loans and business overdrafts Includes personal loans and consumer overdrafts

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition Parentheticals - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Investment securities
Debt Securities, Available-for-sale, Amortized Cost	$ 57,118	$ 60,735
Held-to-maturity, Fair Value	$ 1,735	$ 1,905
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized (in shares)	10,000,000	10,000,000
Common Stock, Shares Issued (in shares)	7,765,863	7,765,863
Common Stock, Shares Outstanding (in shares)	5,262,060	5,262,060
Treasury Stock, Common, Shares	2,503,803	2,503,803
Series D Preferred Stock
Convertible Preferred Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Convertible Preferred Stock, Shares Issued (in shares)	9,557	9,557
Convertible Preferred Stock, Shares Outstanding (in shares)	9,557	9,557
Convertible Preferred Stock, Liquidation Preference (in dollars per share)	$ 1,000	$ 1,000
Series E Preferred Stock
Convertible Preferred Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Convertible Preferred Stock, Shares Issued (in shares)	3,177	3,177
Convertible Preferred Stock, Shares Outstanding (in shares)	3,177	3,177
Convertible Preferred Stock, Liquidation Preference (in dollars per share)	$ 1,000	$ 1,000
Series F Preferred Stock
Convertible Preferred Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01
Convertible Preferred Stock, Shares Issued (in shares)	9,000	9,000
Convertible Preferred Stock, Shares Outstanding (in shares)	9,000	9,000
Convertible Preferred Stock, Liquidation Preference (in dollars per share)	$ 1,000	$ 1,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Interest income:
Loans	$ 5,829	$ 7,336	$ 22,607	$ 21,203
Mortgage-backed securities	132	145	405	439
Investment securities	243	289	823	835
Money market investments	641	704	2,043	1,801
Total interest income	6,845	8,474	25,878	24,278
Interest expense:
Deposits	3,416	2,387	9,760	6,112
Advances and other borrowed money	474	606	1,664	1,784
Total interest expense	3,890	2,993	11,424	7,896
Net interest income	2,955	5,481	14,454	16,382
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	96	(97)	817	77
Net interest income after provision for (recovery of) credit losses	2,859	5,578	13,637	16,305
Non-interest income:
Depository fees and charges	643	543	1,726	1,678
Loan fees and service charges	219	101	263	357
Loss on sale of loans, net	0	0	(191)	0
Grant income	0	1,401	80	2,003
Other	125	490	398	715
Total non-interest income	987	2,535	2,276	4,753
Noninterest Expense [Abstract]
Employee compensation and benefits	4,050	3,452	11,093	10,097
Net occupancy expense	1,295	1,147	3,771	3,428
Equipment, net	543	470	1,673	1,534
Data processing	759	757	2,284	2,265
Consulting fees	141	133	421	370
Federal deposit insurance premiums	158	132	487	415
Other	2,548	2,003	6,157	5,937
Total non-interest expense	9,494	8,094	25,886	24,046
(Loss) income before income taxes	(5,648)	19	(9,973)	(2,988)
Income tax expense	0	0	0	0
Net (loss) income	$ (5,648)	$ 19	$ (9,973)	$ (2,988)
(Loss) earnings per common share:
Earnings (loss) per Share, Basic (in dollars per share)	$ (1.09)	$ 0	$ (1.93)	$ (0.63)
Earnings (loss) per Share, Diluted (in dollars per share)	$ (1.09)	$ 0	$ (1.93)	$ (0.63)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss Statement - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (5,648)	$ 19	$ (9,973)	$ (2,988)
Other comprehensive (loss) income, net of tax:
Change in unrealized loss of securities available-for-sale, net of tax	(2,151)	3,037	(292)	(62)
Other comprehensive loss, net of tax	(2,151)	3,037	(292)	(62)
Total comprehensive loss, net of tax	$ (7,799)	$ 3,056	$ (10,265)	$ (3,050)

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment [Member]	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Treasury Stock, Common	Accumulated Other Comprehensive Loss
Equity - Beginning Balance at Mar. 31, 2023	$ 45,224		$ 25,378	$ 68	$ 82,805	$ (47,904)	$ (2,908)	$ (12,215)
Net (loss) income	(2,988)
Other comprehensive loss, net of taxes	(62)							(62)
Stock Issued During Period, Value, Conversion of Convertible Securities	0		(2,750)	(4)	(2,746)
Stock Issued During Period, Value, New Issues	1,000			4	996
Stock based compensation expense	220				220
Equity - Ending Balance at Dec. 31, 2023	42,726	$ (668)	22,628	76	86,767	(51,560)	(2,908)	(12,277)
Equity - Beginning Balance at Sep. 30, 2023	39,669		23,178	75	86,217	(51,579)	(2,908)	(15,314)
Net (loss) income	19
Other comprehensive loss, net of taxes	3,037							3,037
Stock Issued During Period, Value, Conversion of Convertible Securities	0		(550)	(1)	(549)
Stock based compensation expense	1				1
Equity - Ending Balance at Dec. 31, 2023	42,726	$ (668)	22,628	76	86,767	(51,560)	(2,908)	(12,277)
Equity - Beginning Balance at Mar. 31, 2024	42,309		21,734	77	87,660	(51,549)	(2,908)	(12,705)
Net (loss) income	(9,973)
Other comprehensive loss, net of taxes	(292)							(292)
Stock Issued During Period, Value, New Issues	195			1	194
Stock based compensation expense	27				27
Equity - Ending Balance at Dec. 31, 2024	32,266		21,734	78	87,881	(61,522)	(2,908)	(12,997)
Equity - Beginning Balance at Sep. 30, 2024	39,870		21,734	77	87,687	(55,874)	(2,908)	(10,846)
Net (loss) income	(5,648)
Other comprehensive loss, net of taxes	(2,151)							(2,151)
Stock Issued During Period, Value, New Issues	195			1	194
Equity - Ending Balance at Dec. 31, 2024	$ 32,266		$ 21,734	$ 78	$ 87,881	$ (61,522)	$ (2,908)	$ (12,997)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (9,973)	$ (2,988)
Adjustments to reconcile net income to net cash provided by operating activities:
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)	817	77
Stock based compensation expense	27	220
Depreciation and amortization expense	639	744
Gain (Loss) on Sales of Loans, Net	191	0
Amortization and accretion of loan premiums and discounts and deferred charges, net	156	155
Amortization and accretion of premiums and discounts — securities	164	249
Decrease (increase) in accrued interest receivable	1,195	(503)
Decrease (increase) in other assets	263	(237)
Increase (decrease) in other liabilities	100	(1,431)
Net cash used in operating activities	(6,421)	(3,714)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from principal payments, maturities and calls of investments: Available-for-sale	3,456	4,430
Proceeds from principal payments, maturities and calls of investments: Held-to-maturity	197	236
Payments to Acquire Other Investments	0	(603)
Loans held-for investment, net of (originations) and repayments/payoffs and maturities	(15,345)	(2,855)
Loans purchased from third parties	(3,760)	(29,467)
Proceeds from loans sold	143	0
Redemption of FHLB-NY stock, net	339	262
Purchase of premises and equipment	(313)	(236)
Net cash provided by (used in) investing activities	15,407	(22,523)
CASH FLOWS FROM FINANCING ACTIVITIES
Net (decrease) increase in deposits	(10,060)	62,388
Repayment of short-term borrowings	0	(10,000)
Proceeds from Issuance of Long-term Debt	1,814	5,527
Repayment of long-term borrowings	(10,000)	0
Issuance of common stock	194	1,000
Net cash (used in) provided by financing activities	(18,052)	58,915
Net (decrease) increase in cash and cash equivalents	(9,066)	32,678
Cash and cash equivalents at beginning of period	59,025	42,552
Cash and cash equivalents at end of period	49,959	75,230
Noncash financing and investing activities
Conversion of preferred stock to common stock	0	2,750
Cash paid for:
Interest	7,676	7,158
Tax on capital	$ 187	$ 417

Organization

Organization	9 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	ORGANIZATION Nature of operations Carver Bancorp, Inc. (on a stand-alone basis, the “Company” or “Registrant”), was incorporated in May 1996 and its principal wholly-owned subsidiary is Carver Federal Savings Bank (the “Bank” or “Carver Federal”). Carver Federal's wholly-owned subsidiaries are CFSB Realty Corp., Carver Community Development Corporation (“CCDC”) and CFSB Credit Corp., which is currently inactive. The Bank has a real estate investment trust, Carver Asset Corporation ("CAC"), that was formed in February 2004. “Carver,” the “Company,” “we,” “us” or “our” refers to the Company along with its consolidated subsidiaries. The Bank was chartered in 1948 and began operations in 1949 as Carver Federal Savings and Loan Association, a federally-chartered mutual savings and loan association. The Bank converted to a federal savings bank in 1986. On October 24, 1994, the Bank converted from a mutual holding company structure to stock form and issued 2,314,375 shares of its common stock, par value $0.01 per share. On October 17, 1996, the Bank completed its reorganization into a holding company structure (the “Reorganization”) and became a wholly-owned subsidiary of the Company. Carver Federal’s principal business consists of attracting deposit accounts through its branches and investing those funds in mortgage loans and other investments permitted by federal savings banks. The Bank has seven branches located throughout the City of New York that primarily serve the communities in which they operate. In September 2003, the Company formed Carver Statutory Trust I (the “Trust”) for the sole purpose of issuing trust preferred securities and investing the proceeds in an equivalent amount of floating rate junior subordinated debentures of the Company. In accordance with Accounting Standards Codification (“ASC”) 810, “Consolidations,” Carver Statutory Trust I is unconsolidated for financial reporting purposes. On September 17, 2003, Carver Statutory Trust I issued 13,000 shares, liquidation amount $1,000 per share, of floating rate capital securities. Gross proceeds from the sale of these trust preferred debt securities of $13 million, and proceeds from the sale of the trust's common securities of $0.4 million, were used to purchase approximately $13.4 million aggregate principal amount of the Company's floating rate junior subordinated debt securities due 2033. The trust preferred debt securities are redeemable at par quarterly at the option of the Company beginning on or after September 17, 2008, and have a mandatory redemption date of September 17, 2033. Cash distributions on the trust preferred debt securities are cumulative and payable at a floating rate per annum resetting quarterly with a margin of 3.05% over the three-month SOFR. During the second quarter of fiscal year 2017, the Company applied for and was granted regulatory approval to settle all outstanding debenture interest payments through September 2016. Such payments were made in September 2016. Interest on the debentures had been deferred beginning with the December 2016 payment, per the terms of the agreement, which permit such deferral for up to twenty consecutive quarters, as the Company is prohibited from making payments without prior regulatory approval. During the fourth quarter of fiscal year 2021, the Company applied for and was granted regulatory approval to settle all outstanding debenture interest payments through June 2021. Full payment was made on June 16, 2021. The Company deferred the September 17, 2021 interest payment, but has since had discussions with the Federal Reserve Bank of Philadelphia regarding future quarterly payments. A streamlined process has been developed for the Company to request regulatory approval to make debenture interest payments. On December 16, 2021, the Company paid the deferred interest that was due on September 17, 2021 and the regular quarterly interest payment due on December 17, 2021. All quarterly interest payments subsequent to the June 2021 payment up to and including the December 2024 payment have been made. The interest rate was 7.66% and the accrued interest was $46 thousand at December 31, 2024. While Carver has suspended its regular quarterly cash dividend on its common stock, in the future, Carver may rely on dividends from Carver Federal to pay cash dividends to its stockholders and to engage in share repurchase programs. In recent years, Carver has been successful in obtaining cash independently through its capital raising efforts, which may include cash from government grants or below market-rate loans. As the subsidiary of a savings and loan association holding company, Carver Federal must file a notice or an application (depending on the proposed dividend amount) with the OCC (and an application with the FRB) prior to the declaration of each capital distribution. The OCC will disallow any proposed dividend that, among other reasons, would result in Carver Federal’s failure to meet the OCC minimum capital requirements. Regulation On May 24, 2016, the Bank entered into a Formal Agreement ("the Agreement") with the OCC to undertake certain compliance-related and other actions. As a result of the Agreement, the Bank was required to obtain the approval of the OCC prior to effecting any change in its directors or senior executive officers, paying dividends and entering into any "golden parachute payments" as that term is defined under 12 U.S.C. § 1828(k) and 12 C.F.R. Part 359. As a result of the Agreement, Carver was issued an Individual Minimum Capital Ratio (“IMCR”) letter by the OCC, which requires the Bank to maintain minimum regulatory capital levels of 9% for its Tier1 leverage ratio and 12% for its total risk-based capital ratio. The Agreement was terminated on January 18, 2023. The IMCR remains in effect. The Company continues to be subject to similar requirements that the Bank was subject to under the Agreement. The Company must provide notice to the FRB prior to effecting any change in its directors or senior executive officers. The Company is also subject to the restrictions on golden parachute and indemnification payments, as set forth in 12 C.F.R. Part 359. Written approval of the Federal Reserve Bank is required prior to: (1) the declaration or payment of dividends by the Company to its stockholders, (2) the declaration or payment of dividends by the Bank to the Company, (3) any distributions of interest or principal by the Company on subordinated debentures or trust preferred securities, (4) any purchases or redemptions of the Company’s stock and (5) the Company incurring, increasing or guaranteeing certain long-term debt outside the ordinary course of business. These limitations could affect our operations and financial performance.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Common Share	PER COMMON SHARE The following table reconciles the (loss) income attributable to common shareholders (numerator) and the weighted average common stock outstanding (denominator) for both basic and diluted (loss) earnings per share for the following periods: Three Months Ended December 31, Nine Months Ended December 31, $ in thousands except per share data 2024 2023 2024 2023 Net (loss) income $ (5,648) $ 19 $ (9,973) $ (2,988) Less: Participated securities share of undistributed earnings — 4 — — Net (loss) income attributable to common shareholders $ (5,648) $ 15 $ (9,973) $ (2,988) Weighted average common shares outstanding - basic 5,189,207 5,002,290 5,156,984 4,771,706 Effect of dilutive shares — 1,417,536 — — Weighted average common shares outstanding – diluted 5,189,207 6,419,826 5,156,984 4,771,706 Basic (loss) earnings per common share $ (1.09) $ — $ (1.93) $ (0.63) Diluted (loss) earnings per common share (1.09) — (1.93) (0.63) The Company has preferred shares which are entitled to receive dividends if declared on the Company's common stock and are therefore considered to be participating securities. Basic earnings (loss) per share (“EPS”) is computed using the two class method. This calculation divides net income (loss) available to common stockholders after the allocation of undistributed earnings to the participating securities by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. These potentially dilutive shares are then included in the weighted average number of shares outstanding for the period. Dilution calculations are not applicable to net loss periods. For the three and nine months ended December 31, 2024 and nine months ended December 31, 2023, all restricted shares and outstanding stock options were anti-dilutive.

Common Stock Dividends and Issu

Common Stock Dividends and Issuances	9 Months Ended
	Dec. 31, 2024
Dividends [Abstract]
Stockholders' Equity Note Disclosure	COMMON STOCK DIVIDENDS AND ISSUANCES On October 28, 2011, the United States Department of the Treasury (the "Treasury Department") exchanged the CDCI Series B preferred stock for 2,321,286 shares of Carver common stock and the Series C preferred stock converted into 1,208,039 shares of Carver common stock and 45,118 shares of Series D preferred stock. Series C stock was previously reported as mezzanine equity, and upon conversion to common and Series D preferred stock is now reported as equity attributable to Carver Bancorp, Inc. The holders of the Series D Preferred Stock are entitled to receive dividends, on an as-converted basis, simultaneously to the payment of any dividends on the common stock. On August 6, 2020, the Company entered into a Securities Purchase Agreement (the "Agreement") with the Treasury Department to repurchase 2,321,286 shares of Company common stock, owned by the Treasury Department for an aggregate purchase price of $2.5 million. The stock repurchase provided for in the Agreement was completed on August 6, 2020. Upon completion of the repurchase pursuant to the Agreement, the Treasury Department was no longer a stockholder in the Company. In connection with the repurchase, Morgan Stanley provided a grant of $2.5 million that was considered contributed capital to the Company to fund the repurchase transaction. On February 16, 2021, the Company entered into an agreement with J.P. Morgan Chase Community Development Corporation ("J.P. Morgan"), under which it sold: (i) 112,612 shares of its common stock, par value $0.01 per share, at a purchase price of $8.88 per share, and (ii) 5,000 shares of a new series of preferred stock, Series F non-cumulative non-voting non-convertible preferred stock, par value $0.01 per share ("Series F Preferred Stock"), at a purchase price of $1,000 per share, in a private placement for gross proceeds of approximately $6.0 million. On September 27, 2021, the Company entered into an agreement with J.P. Morgan under which it sold an additional 4,000 shares of its Series F Preferred Stock, at a purchase price of $1,000 per share, in a private placement for gross proceeds of $4.0 million. The issuances of the shares were exempt from registration pursuant to the exemption provided under Rule 506 of Regulation D promulgated under the Securities Act of 1933, as amended. The offerings were made only to accredited investors as that term is defined in Rule 501(a) of Regulation D under the Act. On December 14, 2021, the Company entered into a Sales Agreement (the "Sales Agreement") with Piper Sandler & Co. (“Piper Sandler”), as sales agent, pursuant to which the Company may offer and sell shares of its common stock, par value $0.01 per share, having an aggregate gross sales prices of up to $20.0 million (the “ATM Shares”) from time to time. Any sales made under the Sales Agreement will be sales deemed to be "at-the-market (ATM) offerings," as defined in Rule 415 under the Securities Act of 1933, as amended. These sales will be made through ordinary broker transactions on the NASDAQ Capital Market stock exchange at market prices prevailing at the time, at prices related to the prevailing market prices, or at negotiated prices. The net proceeds of these offerings were used for general corporate purposes, including support for organic loan growth. During fiscal year 2022, the Company sold an aggregate of 397,367 shares of common stock under the ATM offering program, resulting in gross proceeds of $3.1 million and net proceeds to the Company of $3.0 million after deducting commissions and expenses. There have been no subsequent offerings. During fiscal year 2023, Prudential Insurance Company of America ("Prudential"), an institutional investor, donated a total of 550 shares of its holdings of Series D Preferred Stock to third parties. The third parties notified the Company of their intention to cancel the shares and convert them into 67,265 shares of Common Stock. During fiscal year 2024, Prudential donated a total of 3,644 shares of its holdings of Series D Preferred Stock to third parties. The third parties notified the Company of their intention to cancel the shares and convert them into 445,661 shares of Common Stock. The conversions had no impact on the Company's total capital. There have been no conversions during the nine months ended December 31, 2024.

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	9 Months Ended
	Dec. 31, 2024
Statement of Comprehensive Income [Abstract]
Comprehensive Income (Loss) Note	ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables set forth changes in each component of accumulated other comprehensive loss, net of tax for the nine months ended December 31, 2024 and 2023: $ in thousands At March 31, 2024 Other At December 31, 2024 Net unrealized loss on securities available-for-sale $ (12,705) $ (292) $ (12,997) $ in thousands At March 31, 2023 Other At December 31, 2023 Net unrealized loss on securities available-for-sale $ (12,215) $ (62) $ (12,277)

Investment Securities

Investment Securities	9 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	INVESTMENT SECURITIES Generally, the investment policy of the Bank is to invest funds among categories of investments and maturities based upon the Bank’s asset/liability management policies, investment quality, loan and deposit volume and collateral requirements, liquidity needs and performance objectives. Debt securities are classified into three categories: trading, held-to-maturity, and available-for-sale. At December 31, 2024, securities with fair value of $44.1 million, or 96.1%, of the Bank’s total securities were classified as available-for-sale, and securities with amortized cost of $1.8 million, or 3.9%, were classified as held-to-maturity, compared to $48.0 million and $2.0 million at March 31, 2024, respectively. The Bank had no securities classified as trading at December 31, 2024 and March 31, 2024. Other investments as of December 31, 2024 primarily consisted of the Company and Bank's investments in limited partnership Community Capital Funds and a $5.0 million bank-owned life insurance policy ("BOLI") purchased during the first quarter of fiscal year 2023 as a channel to add to the Company's non-interest income revenue by means of an investment considered safe and sound by the Company's regulators. The investments in the limited partnerships are measured using the equity method. The BOLI is carried at the cash surrender value of the underlying policies. Income generated from the investments and the increase in the cash surrender value of the BOLI is included in other non-interest income on the Statements of Operations. Other investments totaled $6.4 million at December 31, 2024 and are included in Other Assets on the Statements of Financial Condition. The following tables set forth the amortized cost and fair value of securities available-for-sale and held-to-maturity at December 31, 2024 and March 31, 2024: At December 31, 2024 Amortized Gross Unrealized $ in thousands Cost Gains Losses Fair Value Available-for-Sale: Mortgage-backed Securities: Government National Mortgage Association $ 211 $ 4 $ — $ 215 Federal Home Loan Mortgage Corporation 19,115 — (4,383) 14,732 Federal National Mortgage Association 10,390 — (2,340) 8,050 Total mortgage-backed securities 29,716 4 (6,723) 22,997 U.S. Government Agency Securities 4,460 — (22) 4,438 Corporate Bonds 5,263 — (2,446) 2,817 Muni Securities 17,679 — (3,810) 13,869 Total available-for-sale $ 57,118 $ 4 $ (13,001) $ 44,121 Held-to-Maturity: Mortgage-backed Securities: Government National Mortgage Association $ 254 $ — $ (12) $ 242 Federal National Mortgage Association and Other 1,553 — (60) 1,493 Total held-to maturity $ 1,807 $ — $ (72) $ 1,735 At March 31, 2024 Amortized Gross Unrealized $ in thousands Cost Gains Losses Fair Value Available-for-Sale: Mortgage-backed Securities: Government National Mortgage Association $ 280 $ 4 $ (1) $ 283 Federal Home Loan Mortgage Corporation 20,299 — (4,501) 15,798 Federal National Mortgage Association 10,975 — (2,339) 8,636 Total mortgage-backed securities 31,554 4 (6,841) 24,717 U.S. Government Agency Securities 6,219 — (25) 6,194 Corporate Bonds 5,266 — (2,203) 3,063 Muni Securities 17,696 — (3,640) 14,056 Total available-for-sale $ 60,735 $ 4 $ (12,709) $ 48,030 Held-to-Maturity: Mortgage-backed Securities: Government National Mortgage Association $ 292 $ — $ (9) $ 283 Federal National Mortgage Association and Other 1,716 — (94) 1,622 Total held-to-maturity $ 2,008 $ — $ (103) $ 1,905 There were no sales of available-for-sale and held-to-maturity securities for the nine months ended December 31, 2024 and December 31, 2023. The following tables set forth the unrealized losses and fair value of securities in an unrealized loss position at December 31, 2024 and March 31, 2024 for less than 12 months and 12 months or longer: At December 31, 2024 Less than 12 months 12 months or longer Total $ in thousands Unrealized Fair Unrealized Fair Unrealized Fair Available-for-Sale: Mortgage-backed securities $ — $ — $ (6,723) $ 22,782 $ (6,723) $ 22,782 U.S. Government Agency securities (16) 3,493 (6) 945 (22) 4,438 Corporate bonds — — (2,446) 2,817 (2,446) 2,817 Muni securities — — (3,810) 13,869 (3,810) 13,869 Total available-for-sale securities $ (16) $ 3,493 $ (12,985) $ 40,413 $ (13,001) $ 43,906 Held-to-Maturity: Mortgage-backed securities $ — $ — $ (72) $ 1,705 $ (72) $ 1,705 Total held-to-maturity securities $ — $ — $ (72) $ 1,705 $ (72) $ 1,705 At March 31, 2024 Less than 12 months 12 months or longer Total $ in thousands Unrealized Fair Unrealized Fair Unrealized Fair Available-for-Sale: Mortgage-backed securities $ — $ — $ (6,841) $ 24,468 $ (6,841) $ 24,468 U.S. Government Agency securities (2) 1,273 (23) 4,921 (25) 6,194 Corporate bonds — — (2,203) 3,063 (2,203) 3,063 Muni securities — — (3,640) 14,056 (3,640) 14,056 Total available-for-sale securities $ (2) $ 1,273 $ (12,707) $ 46,508 $ (12,709) $ 47,781 Held-to-Maturity: Mortgage-backed securities $ — $ — $ (103) $ 1,872 $ (103) $ 1,872 Total held-to-maturity securities $ — $ — $ (103) $ 1,872 $ (103) $ 1,872 Management reviews the investment portfolio on a quarterly basis to identify and evaluate each investment that has an unrealized holding loss. A total of 23 available-for-sale and held-to-maturity securities had an unrealized loss at December 31, 2024 compared to 24 at March 31, 2024. Mortgage-backed securities, U.S. government agency securities, municipal securities and a corporate bond security represented 51.9%, 10.1%, 31.6% and 6.4%, respectively, of total available-for-sale securities in an unrealized loss position at December 31, 2024. There were seven mortgage-backed securities, one U.S. government agency securities, one corporate bond and six municipal securities that had an unrealized loss position for more than 12 months at December 31, 2024. Management has evaluated available-for-sale securities that are in an unrealized loss position and determined that the declines in fair value are attributable to market volatility, and not credit quality or other factors. Given the high credit quality of the mortgage-backed securities, which are backed by explicit U.S. government guarantees, or guarantees by government sponsored enterprises that have credit ratings and perceived credit risk comparable to the U.S. government, the high credit quality and strong financial performance of the U.S. government agency and the results of the individual analyses performed for and continuous surveillance on the municipal securities, as well as the corporate security that is a reputable institution in good financial standing, the risk of credit loss is minimal. Management believes that these unrealized losses are a direct result of the current rate environment and the Company has the ability and intent to hold the securities until maturity or the valuations recover. The Bank's held-to-maturity portfolio consists of six mortgage-backed securities that were in an unrealized loss position for more than 12 months at December 31, 2024. These securities are either fully guaranteed or issued by a government sponsored enterprise, which has a credit rating and perceived credit risk comparable to the U.S. government. As such, no allowance for credit losses on securities available-for-sale or held-to-maturity have been established as of December 31, 2024. The following is a summary of the amortized cost and fair value of debt securities at December 31, 2024, by remaining period to contractual maturity (ignoring earlier call dates, if any). Actual maturities may differ from contractual maturities because certain security issuers have the right to call or prepay their obligations. The table below does not consider the effects of possible prepayments or unscheduled repayments. $ in thousands Amortized Cost Fair Value Weighted Available-for-Sale: One through five years $ 952 $ 945 5.83 % Five through ten years 4,673 3,954 2.45 % After ten years 21,777 16,225 3.10 % Mortgage-backed securities 29,716 22,997 1.64 % Total $ 57,118 $ 44,121 2.34 % Held-to-maturity: Mortgage-backed securities $ 1,807 $ 1,735 2.85 %

Loans Receivable and Allowance

Loans Receivable and Allowance for Credit Losses	9 Months Ended
	Dec. 31, 2024
Loans and Leases Receivable Disclosure [Abstract]
Loans Receivable and Allowance for Credit Losses	LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES The loans receivable portfolio is segmented into one-to-four family, multifamily, commercial real estate, construction, business (including Small Business Administration loans), and consumer loans. The ACL reflects management’s estimate of lifetime credit losses inherent in loans as of the balance sheet date. Management uses a disciplined process and methodology to calculate the ACL each quarter. To determine the total ACL, management estimates the reserves needed for each segment of the loan portfolio, including loans analyzed individually and loans analyzed on a pooled basis. The following is a summary of loans receivable, net of allowance for credit losses at December 31, 2024 and March 31, 2024: December 31, 2024 March 31, 2024 $ in thousands Amount Percent Amount Percent Loans receivable: One-to-four family $ 76,361 12.5 % $ 82,787 13.3 % Multifamily 169,596 27.8 % 177,203 28.4 % Commercial real estate 181,488 29.7 % 175,384 28.2 % Construction 4,131 0.6 % 2,203 0.4 % Business (1) 163,579 26.8 % 169,602 27.2 % Consumer (2) 15,722 2.6 % 15,699 2.5 % Total loans receivable $ 610,877 100.0 % $ 622,878 100.0 % Allowance for credit losses (6,057) (5,871) Total loans receivable, net $ 604,820 $ 617,007 (1) Includes PPP loans and business overdrafts (2) Includes personal loans and consumer overdrafts The totals above are shown net of deferred loan fees and costs. Net deferred loan fees totaled $2.6 million and $2.9 million at December 31, 2024 and March 31, 2024, respectively. The Bank purchased $3.8 million consumer loans during the nine months ended December 31, 2024. The Bank participated as a lender in the PPP, which opened on April 3, 2020. As part of the CARES Act, the SBA was authorized to temporarily guarantee loans under this new 7(a) loan program. Under the PPP, small businesses and other entities and individuals could apply for loans from existing SBA lenders and other approved regulated lenders that enrolled in the program, subject to numerous limitations and eligibility criteria. Since the PPP loans are fully guaranteed by the SBA, there are no additional ACL reserves required. As of December 31, 2024, the Bank had approved and funded approximately 420 applications totaling $57.1 million of loans under the PPP. Outstanding business loans under the PPP totaled $210 thousand as of December 31, 2024. The following is an analysis of the allowance for credit losses based upon the method of evaluating loan reserves under the expected loss methodology for the three and nine months ended December 31, 2024 and 2023, and the fiscal year ended March 31, 2024. Three months ended December 31, 2024 $ in thousands One-to-four Multifamily Commercial Real Estate Construction Business Consumer Unallocated Total Allowance for credit losses: Beginning Balance $ 2,013 $ 759 $ 1,247 $ 4 $ 1,539 $ 607 $ 73 $ 6,242 Charge-offs — — — — (61) (226) — (287) Recoveries — — — — 2 4 — 6 Provision for (recovery of) Credit Losses (112) 39 91 (1) (65) 208 (64) 96 Ending Balance $ 1,901 $ 798 $ 1,338 $ 3 $ 1,415 $ 593 $ 9 $ 6,057 Nine months ended December 31, 2024 $ in thousands One-to-four Multifamily Commercial Real Estate Construction Business Consumer Unallocated Total Allowance for credit losses: Beginning Balance $ 2,005 $ 720 $ 1,222 $ 1 $ 1,415 $ 450 $ 58 $ 5,871 Charge-offs — — — — (289) (353) — (642) Recoveries — — — — 6 5 — 11 Provision for (recovery of) Credit Losses (104) 78 116 2 283 491 (49) 817 Ending Balance $ 1,901 $ 798 $ 1,338 $ 3 $ 1,415 $ 593 $ 9 $ 6,057 Allowance for Credit Losses Ending Balance: collectively evaluated for impairment $ 1,901 $ 798 $ 1,338 $ 3 $ 1,414 $ 479 $ 9 $ 5,942 Allowance for Credit Losses Ending Balance: individually evaluated for impairment — — — — 1 114 — 115 Loan Receivables Ending Balance: $ 76,361 $ 169,596 $ 181,488 $ 4,131 $ 163,579 $ 15,722 $ — $ 610,877 Ending Balance: collectively evaluated for impairment 74,862 167,375 173,184 4,131 150,825 15,628 — 586,005 Ending Balance: individually evaluated for impairment 1,499 2,221 8,304 — 12,754 94 — 24,872 At March 31, 2024 $ in thousands One-to-four family Multifamily Commercial Real Estate Construction Business Consumer Unallocated Total Allowance for Credit Losses Ending Balance: $ 2,005 $ 720 $ 1,222 $ 1 $ 1,415 $ 450 $ 58 $ 5,871 Allowance for Credit Losses Ending Balance: collectively evaluated for impairment 2,005 720 1,222 1 1,408 449 58 5,863 Allowance for Credit Losses Ending Balance: individually evaluated for impairment — — — — 7 1 — 8 Loan Receivables Ending Balance: $ 82,787 $ 177,203 $ 175,384 $ 2,203 $ 169,602 $ 15,699 $ — $ 622,878 Ending Balance: collectively evaluated for impairment 78,636 174,718 170,862 2,203 156,340 15,654 — 598,413 Ending Balance: individually evaluated for impairment 4,151 2,485 4,522 — 13,262 45 — 24,465 Three months ended December 31, 2023 $ in thousands One-to-four Multifamily Commercial Real Estate Construction Business Consumer Unallocated Total Allowance for credit losses: Beginning Balance $ 2,264 $ 721 $ 1,212 $ — $ 1,393 $ 417 $ — $ 6,007 Charge-offs — — — — — (17) — (17) Recoveries — — — — 2 2 — 4 Provision for (recovery of) Credit Losses (196) 1 (1) 1 57 41 — (97) Ending Balance $ 2,068 $ 722 $ 1,211 $ 1 $ 1,452 $ 443 $ — $ 5,897 Nine months ended December 31, 2023 $ in thousands One-to-four family Multifamily Commercial Real Estate Construction Business Consumer Unallocated Total Allowance for credit losses: Beginning Balance $ 716 $ 1,109 $ 1,814 $ — $ 1,139 $ 449 $ 2 $ 5,229 Impact of CECL adoption 1,220 (392) (497) 505 (166) (2) 668 Charge-offs — — — — — (134) — (134) Recoveries — — — — 52 5 — 57 Provision for (recovery of) Credit Losses 132 5 (106) 1 (244) 289 — 77 Ending Balance $ 2,068 $ 722 $ 1,211 $ 1 $ 1,452 $ 443 $ — $ 5,897 The following is a summary of nonaccrual loans, at amortized cost, at December 31, 2024 and March 31, 2024. December 31, 2024 $ in thousands Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Gross loans receivable: One-to-four family $ 1,874 $ — $ 1,874 Multifamily 2,249 — 2,249 Commercial real estate 6,104 — 6,104 Business 12,486 — 12,486 Consumer — 98 98 Total nonaccrual loans $ 22,713 $ 98 $ 22,811 March 31, 2024 $ in thousands Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Gross loans receivable: One-to-four family $ 3,554 $ — $ 3,554 Multifamily 2,238 — 2,238 Commercial real estate 4,522 — 4,522 Business 1,317 100 1,417 Consumer — 44 44 Total nonaccrual loans $ 11,631 $ 144 $ 11,775 Nonaccrual loans generally consist of loans for which the accrual of interest has been discontinued as a result of such loans becoming 90 days or more delinquent as to principal and/or interest payments. Accrual of interest on loans is discontinued when the payment of principal or interest is considered to be in doubt, or when a loan becomes contractually past due by 90 days or more with respect to principal or interest, except for loans that are well-secured and in the process of collection. When a loan is placed on nonaccrual status, any accrued but uncollected interest is reversed from current income. Interest income on nonaccrual loans is recorded when received based upon the collectability of the loan. There was no interest income recognized on nonaccrual loans during the three and nine months ended December 31, 2024. At December 31, 2024 and March 31, 2024, other non-performing assets totaled $52 thousand, respectively, which consisted of other real estate owned comprised of one foreclosed residential property. Other real estate owned is included in other assets in the consolidated statements of financial condition. There were no held-for-sale loans at December 31, 2024 and March 31, 2024. Although we believe that substantially all risk elements at December 31, 2024 have been disclosed, it is possible that for a variety of reasons, including economic conditions, certain borrowers may be unable to comply with the contractual repayment terms on certain real estate and commercial loans. The Bank utilizes an internal loan classification system as a means of reporting problem loans within its loan categories: Pass - Loans have demonstrated satisfactory asset quality, earning history, liquidity, and other adequate margins of creditor protection. These loans represent a moderate credit risk and some degree of financial stability, and are considered collectible in full. Special Mention - Loans have potential weaknesses that deserve management's close attention. If uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Bank's credit position at some future date. Substandard - Loans are inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. These loans have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful - Loans have all the weaknesses inherent in those classified as Substandard, with the added characteristic that collection or liquidation in full, based on current facts, conditions and values, is highly questionable and improbable. Loss - Loans are considered uncollectible with insignificant value and are charged off immediately to the allowance for credit losses. One-to-four family residential loans and consumer loans are rated non-performing if they are delinquent in payments 90 or more days, or past maturity. All other one-to-four family residential loans and consumer loans are performing loans. The following table presents the amortized cost of loans by year of origination and risk category by class of loans based on the most recent analysis performed in the current quarter as of December 31, 2024: $ in thousands 2024 2023 2022 2021 2020 2019 and earlier Revolving Loans Total Credit Risk Profile by Internally Assigned Grade: Multifamily Pass $ 1,723 $ 6,528 $ 51,386 $ 47,350 $ 27,133 $ 33,255 $ — $ 167,375 Special Mention — — — — — — — — Substandard — — — 1,467 754 — — 2,221 Doubtful — — — — — — — — Loss — — — — — — — — Total 1,723 6,528 51,386 48,817 27,887 33,255 — 169,596 Commercial Real Estate Pass $ 12,948 $ 28,898 $ 30,848 $ 23,405 $ 16,592 $ 59,841 $ — $ 172,532 Special Mention — — — — — 652 — 652 Substandard — — — 3,782 — 4,522 — 8,304 Doubtful — — — — — — — — Loss — — — — — — — — Total 12,948 28,898 30,848 27,187 16,592 65,015 — 181,488 Construction Pass $ — $ 4,131 $ — $ — $ — $ — $ — $ 4,131 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total — 4,131 — — — — — 4,131 Business Pass $ 24,477 $ 19,121 $ 27,836 $ 40,718 $ 10,599 $ 28,074 $ — $ 150,825 Special Mention — — — — — — — — Substandard — 52 7,951 4,311 — 440 — 12,754 Doubtful — — — — — — — — Loss — — — — — — — — Total 24,477 19,173 35,787 45,029 10,599 28,514 — 163,579 Gross charge-offs — — 160 — — — 129 — 289 Credit Risk Profile Based on Payment Activity: One-to-four Family Performing $ — $ 21,314 $ 3,779 $ 13,277 $ 1,400 $ 35,092 $ — $ 74,862 Non-Performing — — — — — 1,499 — 1,499 Total — 21,314 3,779 13,277 1,400 36,591 — 76,361 Consumer Performing $ 4,981 $ 9,202 $ 382 $ — $ 1 $ 1,062 $ — $ 15,628 Non-Performing 39 55 — — — — — 94 Total 5,020 9,257 382 — 1 1,062 — 15,722 Gross charge-offs 48 186 5 — 5 109 — 353 Total Loans (excluding gross charge-offs) $ 44,168 $ 89,301 $ 122,182 $ 134,310 $ 56,479 $ 164,437 $ — $ 610,877 At March 31, 2024, the risk category by class of loans was as follows: $ in thousands 2024 2023 2022 2021 2020 2019 and earlier Revolving Loans Total Credit Risk Profile by Internally Assigned Grade: Multifamily Pass $ 980 $ 6,587 $ 53,516 $ 50,778 $ 28,483 $ 34,374 — $ 174,718 Special Mention — — — — — — — — Substandard — — — 1,451 754 280 — 2,485 Doubtful — — — — — — — — Loss — — — — — — — — Total 980 6,587 53,516 52,229 29,237 34,654 — 177,203 Commercial Real Estate Pass $ 2,450 $ 29,064 $ 31,313 $ 27,635 $ 16,951 $ 62,775 — 170,188 Special Mention — — — — — 674 — 674 Substandard — — — — — 4,522 — 4,522 Doubtful — — — — — — — — Loss — — — — — — — — Total 2,450 29,064 31,313 27,635 16,951 67,971 — 175,384 Construction Pass $ — $ 2,203 $ — $ — $ — $ — $ — 2,203 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total — 2,203 — — — — — 2,203 Business Pass $ 7,050 $ 21,315 $ 32,675 $ 52,839 $ 10,845 $ 32,587 — 157,311 Special Mention — — — — — — — — Substandard — — 7,939 3,987 — 365 — 12,291 Doubtful — — — — — — — — Loss — — — — — — — — Total 7,050 21,315 40,614 56,826 10,845 32,952 — 169,602 Gross charge-offs — — — — — 10 — 10 Credit Risk Profile Based on Payment Activity: One-to-four Family Performing $ — $ 22,247 $ 3,830 $ 13,422 $ 1,424 $ 39,002 $ — 79,925 Non-Performing — — — — — 2,862 — 2,862 Total — 22,247 3,830 13,422 1,424 41,864 — 82,787 Consumer Performing $ 2,003 $ — $ 11,891 $ — $ 570 $ — $ 4 $ 16 $ 1,172 $ — 15,656 Non-Performing — 42 1 — — — — 43 Total 2,003 11,933 571 4 16 1,172 — 15,699 Gross charge-offs — 18 1 — — 141 — 160 Total Loans (excluding gross charge-offs) $ 12,483 $ 93,349 $ 129,844 $ 150,116 $ 58,473 $ 178,613 $ — $ 622,878 Loans are considered past due if required principal and interest payments have not been received as of the date such payments were contractually due. The following tables present an aging analysis of the amortized cost of past due loans receivables at December 31, 2024 and March 31, 2024. . December 31, 2024 $ in thousands 30-59 Days 60-89 Days 90 or More Days Past Due Total Past Current Total Loans One-to-four family $ 222 $ — $ 1,313 $ 1,535 $ 74,826 $ 76,361 Multifamily 1,457 — 2,221 3,678 165,918 169,596 Commercial real estate 3,520 — 6,104 9,624 171,864 181,488 Construction — — — — 4,131 4,131 Business 3,339 — 12,213 15,552 148,027 163,579 Consumer 145 8 94 247 15,475 15,722 Total $ 8,683 $ 8 $ 21,945 $ 30,636 $ 580,241 $ 610,877 March 31, 2024 $ in thousands 30-59 Days 60-89 Days 90 or More Days Past Due Total Past Current Total Loans Receivables One-to-four family $ 164 $ — $ 2,859 $ 3,023 $ 79,764 $ 82,787 Multifamily — — 2,205 2,205 174,998 177,203 Commercial real estate — — 4,660 4,660 170,724 175,384 Construction — — — — 2,203 2,203 Business 1,959 214 12,071 14,244 155,358 169,602 Consumer 151 54 — 205 15,494 15,699 Total $ 2,274 $ 268 $ 21,795 $ 24,337 $ 598,541 $ 622,878 Collateral dependent loans are loans for which the repayment is expected to be provided substantially through the operation or sale of the underlying collateral and the borrower is experiencing financial difficulty. All substandard and doubtful loans and any other loans that the Chief Credit Officer deems appropriate for review, are identified and reviewed for individual analysis. The following table presents the amortized cost of collateral dependent loans with the associated allowance amount, if applicable, as of December 31, 2024 and March 31, 2024: At December 31, 2024 At March 31, 2024 Collateral Type Collateral Type $ in thousands Real Estate Other Allowance Allocated Real Estate Other Allowance Allocated One-to-four family $ 1,499 $ — $ — $ 4,151 $ — $ — Multifamily 2,221 — — 2,485 — — Commercial real estate 8,304 — — 4,522 — — Business 12,615 139 1 12,196 1,066 7 Consumer — 94 114 — 45 1 $ 24,639 $ 233 $ 115 $ 23,354 $ 1,111 $ 8 Real estate collateral includes one-to-four family, multifamily and commercial properties. Collateral types securing business loans include accounts receivable. There have been no significant changes to the types of collateral securing the Bank's collateral dependent loans. In certain circumstances, the Bank will modify the terms of a loan, including extension of maturity date, reduction in the stated interest rate, rescheduling of future cash flows, reduction in the face amount of the debt or reduction of past accrued interest. Loans modified are placed on nonaccrual status until the Company determines that future collection of principal and interest is reasonably assured, which generally requires that the borrower demonstrate performance according to the restructured terms for a period of at least six months. There were no loan modifications to borrowers experiencing financial difficulty made during the nine months ended December 31, 2024 and 2023. At December 31, 2024, loans modified to borrowers experiencing financial difficulty totaled $6.0 million, $348 thousand of which were non-performing as they were either not consistently performing in accordance with their modified terms or not performing in accordance with their modified terms for at least six months. There were three modified loans totaling $5.7 million that were on accrual status as the Company has determined that future collection of the principal and interest is reasonably assured. These have generally performed according to the restructured terms for a period of at least six months. For the periods ended December 31, 2024 and 2023, there were no modified loans that defaulted within 12 months of modification. Transactions With Certain Related Persons Federal law requires that all loans or extensions of credit to executive officers and directors must be made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with the general public and must not involve more than the normal risk of repayment or present other unfavorable features. Furthermore, loans above the greater of $25,000, or 5% of Carver Federal’s capital and surplus (up to $500,000), to Carver Federal’s directors and executive officers must be approved in advance by a majority of the disinterested members of Carver Federal’s Board of Directors. There were no loans outstanding to related parties at December 31, 2024.

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers and in connection with its overall investment strategy. These instruments involve, to varying degrees, elements of credit, interest rate and liquidity risk. These instruments are not recorded in the consolidated financial statements. Such instruments primarily include lending obligations, including commitments to originate mortgage and consumer loans and to fund unused lines of credit. The Bank's exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making commitments as it does for on-balance-sheet instruments. The following table reflects the Bank's outstanding commitments as of December 31, 2024 and March 31, 2024: $ in thousands December 31, 2024 March 31, 2024 Lines of credit $ 3,501 4,268 Letters of credit 412 — Commitment to fund private equity investment 835 650 $ 4,748 $ 4,918 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since some of these commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management's credit evaluation of the counterparty.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Fair value is an “exit” price, representing the amount that would be received when selling an asset, or paid when transferring a liability, in an orderly transaction between market participants. Fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. Fair value measurements are categorized in a a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: • Level 1— Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2— Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ◦ Level 3— Inputs to the valuation methodology are unobservable and significant to the fair value measurement. A financial instrument’s categorization within this valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following table presents, by valuation hierarchy, assets that are measured at fair value on a recurring basis as of December 31, 2024 and March 31, 2024, and that are included in the Company’s Consolidated Statements of Financial Condition at these dates: Fair Value Measurements at December 31, 2024, Using $ in thousands Quoted Prices in Active Markets for Identical Assets Significant Other Significant Total Fair Mortgage servicing rights $ — $ — $ 134 $ 134 Investment securities Available-for-sale: Mortgage-backed securities: Government National Mortgage Association — 215 — 215 Federal Home Loan Mortgage Corporation — 14,732 — 14,732 Federal National Mortgage Association — 8,050 — 8,050 U.S. Government Agency securities — 4,438 — 4,438 Corporate bonds — 2,817 — 2,817 Muni securities — 13,869 — 13,869 Total available-for-sale securities — 44,121 — 44,121 Total assets $ — $ 44,121 $ 134 $ 44,255 Fair Value Measurements at March 31, 2024, Using $ in thousands Quoted Prices in Significant Other Significant Total Fair Mortgage servicing rights $ — $ — $ 140 $ 140 Investment securities Available-for-sale: Mortgage-backed securities: Government National Mortgage Association — 283 — 283 Federal Home Loan Mortgage Corporation — 15,798 — 15,798 Federal National Mortgage Association — 8,636 — 8,636 U.S. Government Agency securities — 6,194 — 6,194 Corporate bonds — 3,063 — 3,063 Muni securities — 14,056 — 14,056 Total available-for-sale securities — 48,030 — 48,030 Total assets $ — $ 48,030 $ 140 $ 48,170 Instruments for which unobservable inputs are significant to their fair value measurement (i.e., Level 3) include mortgage servicing rights (“MSR”). Level 3 assets accounted for 0.02% of the Company’s total assets at December 31, 2024 and March 31, 2024. The Company reviews and updates the fair value hierarchy classifications on a quarterly basis. Changes from one quarter to the next that are related to the observable inputs to a fair value measurement may result in a reclassification from one hierarchy level to another. Below is a description of the methods and significant assumptions utilized in estimating the fair value of available-for-sale securities and MSR: Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available for the specific security, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. These pricing models primarily use market-based or independently sourced market parameters as inputs, including, but not limited to, yield curves, interest rates, equity or debt prices, and credit spreads. In addition to market information, models also incorporate transaction details, such as maturity and cash flow assumptions. Securities valued in this manner would generally be classified within Level 2 of the valuation hierarchy and primarily include such instruments as mortgage-related securities and corporate debt. During the nine months ended December 31, 2024, there were no transfers of investments into or out of each level of the fair value hierarchy. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. In valuing certain securities, the determination of fair value may require benchmarking to similar instruments or analyzing default and recovery rates. Quoted price information for the MSRs is not available. Therefore, MSRs are valued using market-standard models to model the specific cash flow structure. Key inputs to the model consist of principal balance of loans being serviced, servicing fees and discount and prepayment rates. The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes its valuation methods are appropriate and consistent with those of other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. The following table includes a rollforward of assets classified by the Company within Level 3 of the valuation hierarchy for the nine months ended December 31, 2024 and 2023: $ in thousands Beginning balance, Total Realized/Unrealized Gains/(Losses) Recorded in Income (1) Issuances / (Settlements) Transfers to/(from) Level 3 Ending balance, December 31, 2024 Change in Unrealized Gains/(Losses) Related to Instruments Held at December 31, 2024 Mortgage servicing rights $ 140 (6) — — $ 134 $ (5) $ in thousands Beginning balance, Total Realized/Unrealized Gains/(Losses) Recorded in Income (1) Issuances / (Settlements) Transfers to/(from) Level 3 Ending balance, December 31, 2023 Change in Unrealized Gains/(Losses) Related to Instruments Held at December 31, 2023 Mortgage servicing rights $ 152 (10) — — $ 142 $ (9) (1) Includes net servicing cash flows and the passage of time. For Level 3 assets measured at fair value on a recurring basis as of December 31, 2024 and March 31, 2024, the significant unobservable inputs used in the fair value measurements were as follows: $ in thousands Fair Value December 31, 2024 Valuation Technique Significant Unobservable Inputs Significant Unobservable Input Value Mortgage servicing rights $ 134 Discounted Cash Flow Weighted Average Constant Prepayment Rate (1) 6.4 % Range of Inputs 3.0% to 11.0% Option Adjusted Spread ("OAS") applied to Treasury curve 1000 basis points $ in thousands Fair Value March 31, 2024 Valuation Technique Significant Unobservable Inputs Significant Unobservable Input Value Mortgage servicing rights $ 140 Discounted Cash Flow Weighted Average Constant Prepayment Rate (1) 6.4 % Range of Inputs 3.0% to 7.1% Option Adjusted Spread ("OAS") applied to Treasury curve 1000 basis points (1) Represents annualized loan repayment rate assumptions (ZMUPT model) Certain assets are measured at fair value on a non-recurring basis. Such instruments are subject to fair value adjustments under certain circumstances (e.g. when there is evidence of impairment). The following table presents assets and liabilities that were measured at fair value on a non-recurring basis as of December 31, 2024 and March 31, 2024, and that are included in the Company’s Consolidated Statements of Financial Condition at these dates: Fair Value Measurements at December 31, 2024 Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Fair Value $ in thousands (Level 1) (Level 2) (Level 3) Other real estate owned — — 52 $ 52 Fair Value Measurements at March 31, 2024, Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Fair Value $ in thousands (Level 1) (Level 2) (Level 3) Other real estate owned — — 52 $ 52 For Level 3 assets measured at fair value on a non-recurring basis as of December 31, 2024 and March 31, 2024, the significant unobservable inputs used in the fair value measurements were as follows: $ in thousands Fair Value December 31, 2024 Valuation Technique Significant Unobservable Inputs Significant Unobservable Input Value Other real estate owned $ 52 Appraisal of collateral Appraisal adjustments 7.5% cost to sell $ in thousands Fair Value March 31, 2024 Valuation Technique Significant Unobservable Inputs Significant Unobservable Input Value Other real estate owned $ 52 Appraisal of collateral Appraisal adjustments 7.5% cost to sell The fair values of collateral dependent impaired loans are determined using various valuation techniques, including consideration of appraised values and other pertinent real estate market data. Other real estate owned represents property acquired by the Bank in settlement of loans less costs to sell (i.e., through foreclosure, repossession or as an in-substance foreclosure). These assets are recorded at the lower of their cost or fair value. At the time of acquisition of the real estate owned, the real property value is adjusted to its current fair value. Any subsequent adjustments will be to the lower of cost or fair value. As of December 31, 2024 and March 31, 2024, the Company had loans with a carrying value of $13.9 million and $15.2 million, respectively, for which formal foreclosure proceedings were in process.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS Disclosures regarding the fair value of financial instruments are required to include, in addition to the carrying value, the fair value of certain financial instruments, both assets and liabilities recorded on and off-balance sheet, for which it is practicable to estimate fair value. Accounting guidance defines financial instruments as cash, evidence of ownership of an entity, or a contract that conveys or imposes on an entity the contractual right or obligation to either receive or deliver cash or another financial instrument. The fair value of a financial instrument is discussed below. In cases where quoted market prices are not available, estimated fair values have been determined by the Bank using the best available data and estimation methodology suitable for each such category of financial instruments. For those loans and deposits with floating interest rates, it is presumed that estimated fair values generally approximate their recorded carrying value. The Bank's primary component of market risk is interest rate volatility. Fluctuations in interest rates will ultimately impact the Bank's fair value of all interest-earning assets and interest-bearing liabilities, other than those which are short-term in maturity. The carrying amounts and estimated fair values of the Bank’s financial instruments and estimation methodologies at December 31, 2024 and March 31, 2024 are as follows: December 31, 2024 $ in thousands Carrying Estimated Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial Assets: Cash and cash equivalents $ 49,959 $ 49,959 $ 49,959 $ — $ — Securities available-for-sale 44,121 44,121 — 44,121 — Securities held-to-maturity 1,807 1,735 — 1,735 — Loans receivable 604,820 584,837 — — 584,837 Accrued interest receivable 2,466 2,466 — 2,466 — Mortgage servicing rights 134 134 — — 134 Financial Liabilities: Deposits $ 636,939 $ 635,319 $ 399,788 $ 235,531 $ — Advances from FHLB-NY 19,841 19,864 — 19,864 — Other borrowed money 18,403 17,815 — 17,815 — Accrued interest payable 986 986 — 986 — March 31, 2024 $ in thousands Carrying Estimated Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial Assets: Cash and cash equivalents $ 59,025 $ 59,025 $ 59,025 $ — $ — Securities available-for-sale 48,030 48,030 — 48,030 — Securities held-to-maturity 2,008 1,905 — 1,905 — Loans receivable 617,007 593,484 — — 593,484 Accrued interest receivable 3,662 3,662 — 3,662 — Mortgage servicing rights 140 140 — — 140 Financial Liabilities: Deposits $ 646,999 $ 642,831 $ 420,663 $ 222,168 $ — Advances from FHLB-NY 28,027 27,920 — 27,920 — Other borrowed money 18,403 17,623 — 17,623 — Accrued interest payable 1,128 1,128 — 1,128 —

Non-interest Revenue and Expens

Non-interest Revenue and Expense	9 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer	NON-INTEREST REVENUE AND EXPENSE ASC Topic 606, Revenue from Contracts with Customer ("Topic 606") does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain non-interest income streams such as gains on sales of residential mortgage and SBA loans, income associated with servicing assets, and loan fees, including residential mortgage originations to be sold and prepayment and late fees charged across all loan categories are not in scope of the guidance. Topic 606 is applicable to non-interest revenue streams, such as depository fees, service charges and commission revenues. The Company generally satisfies its performance obligations on contracts with customers as services are rendered, and the transaction prices are typically fixed and charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is little judgment involved in applying Topic 606 that significantly affects the determination of the amount and timing of revenue from contracts with customers. Non-interest revenue streams in-scope of Topic 606 are discussed below. Depository fees and charges Depository fees and charges primarily relate to service fees on deposit accounts and fees earned from debit cards and check cashing transactions. Service fees on deposit accounts consist of ATM fees, NSF fees, account maintenance charges and other deposit related fees. The fees are recognized as revenue over the period the related service is provided, or as incurred for transaction-based fees in accordance with the fee schedules for the Bank's deposit products and services. The payment for these services are received at the time the services are provided or when customer transactions take place. Loan fees and service charges Loan fees and service charges primarily relate to program management fees and fees earned in accordance with the Bank's standard lending fees (such as inspection and late charges). The payments are received when such services are provided and these standard lending fees are recognized as revenue over the period the related service is provided. Other non-interest income Other non-interest income includes correspondent banking fees, revenue from the Bank's participation in JPMorgan Chase's Empowering Change program, and income associated with an advertising services agreement covering marketing and use of the Bank's office space with a third party. The payments are typically received monthly and the revenue is recognized over the period the related service is provided and collected in accordance with the agreements. Interchange income The Company earns interchange fees from debit card holder transactions conducted through various payment networks. Interchange fees from cardholder transactions are recognized daily, concurrently with the transaction processing services provided by an outsource technology solution and are presented on a net basis. The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and nine months ended December 31, 2024 and 2023: Three Months Ended December 31, Nine Months Ended December 31, $ in thousands 2024 2023 2024 2023 Non-interest income In-scope of Topic 606 Depository fees and charges $ 644 $ 543 $ 1,726 $ 1,678 Loan fees and service charges 203 97 220 270 Other non-interest income 106 91 295 236 Non-interest income (in-scope of Topic 606) 953 731 2,241 2,184 Non-interest income (out-of-scope of Topic 606) 34 1,804 35 2,569 Total non-interest income $ 987 $ 2,535 $ 2,276 $ 4,753 The following table sets forth other non-interest income and expense totals exceeding 1% of the aggregate of total interest income and non-interest income for any of the periods presented: Three Months Ended December 31, Nine Months Ended December 31, $ in thousands 2024 2023 2024 2023 Other non-interest income: Empowering Change program fees $ 98 $ 84 $ 270 $ 211 BOLI income 59 338 138 420 Other (32) 68 (10) 84 Total other non-interest income $ 125 $ 490 $ 398 $ 715 Other non-interest expense: Advertising $ 219 $ 68 $ 373 $ 302 Legal expense 321 $ 88 645 428 Insurance and surety 246 320 821 938 Audit expense 167 165 500 496 Data lines / internet 100 100 314 310 Security services 154 15 335 41 Loan expense 155 39 159 73 Retail expenses 262 285 719 855 Operating charge-offs and other losses 21 154 67 293 Investor relations 179 — 179 39 Director's fees 105 135 315 346 Other 619 634 1,730 1,816 Total other non-interest expense $ 2,548 $ 2,003 $ 6,157 $ 5,937

Leases

Leases	9 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Lessee, Operating Leases	LEASES The Company applies ASC Topic 842, Leases ("ASC 842") to its leases. The Company has operating leases related to its administrative offices and seven retail branches. Two of the operating leases are for branch locations where the Company had entered into a sale and leaseback transaction. The gain had been calculated utilizing the profit on sale in excess of the present value of the minimum lease payments, and the profit on the sale was deferred from gain recognition to be amortized into income over the terms of the leases in accordance with ASC Topic 840, Leases ("ASC 840"). ASC 842 does not require previous sale and leaseback transactions accounted for under ASC 840 to be reassessed. As of December 31, 2024, operating right-of-use ("ROU") lease assets and related lease liabilities totaled $8.9 million and $9.5 million, respectively. As of March 31, 2024, operating ROU lease assets and related lease liabilities totaled $9.8 million and $10.6 million, respectively. As the implicit rates of the Company's existing leases are not readily determinable, the incremental borrowing rate used in determining the lease liability obligation for each individual lease was the FHLB-NY fixed-rate advance rates based on the remaining lease terms as of April 1, 2019. As of December 31, 2024, the Company had $36 thousand and $37 thousand of ROU asset and lease liability, respectively, for finance leases related to equipment. The ROU asset is included in Premises and Equipment, net, and the lease liability is included in Advances from the FHLB-NY and Other Borrowed Money on the statements of financial condition. The following tables present information about the Company's leases and the related lease costs as of and for the three and nine months ended December 31, 2024: December 31, 2024 March 31, 2024 Weighted-average remaining lease term Operating leases 3.8 years 4.3 years Finance lease 1.6 years 2.6 years Weighted-average discount rate Operating leases 3.34 % 3.05 % Finance lease 4.93 % 4.32 % Three Months Ended December 31, Nine Months Ended December 31, $ in thousands 2024 2023 2024 2023 Operating lease expense $ 711 $ 692 $ 2,089 $ 2,076 Finance lease cost Amortization of right-of-use asset 11 16 36 81 Interest on lease liability 1 1 2 5 Cash paid for amounts included in the measurement of lease liabilities Operating leases 736 711 2,206 2,133 Finance lease 9 12 36 74 Maturities of lease liabilities at December 31, 2024 are as follows: $ in thousands Operating Leases Finance Leases Year ending March 31, 2025 $ 747 $ 12 2026 2,915 26 2027 2,583 — 2028 2,411 — 2029 1,326 — Thereafter 214 — Total lease payments 10,196 38 Interest (657) (1) Lease liability $ 9,539 $ 37

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of consolidated financial statement presentation The consolidated financial statements include the accounts of the Company, the Bank and the Bank’s wholly-owned or majority-owned subsidiaries, Carver Asset Corporation, CFSB Realty Corp., CCDC, and CFSB Credit Corp., which is currently inactive. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company's subsidiary, Carver Statutory Trust I, is not consolidated with Carver Bancorp, Inc. for financial reporting purposes. Carver Statutory Trust I was formed in 2003 for the purpose of issuing $13 million aggregate liquidation amount of floating rate Capital Securities due September 17, 2033 (“Capital Securities”) and $0.4 million of common securities (which are the only voting securities of Carver Statutory Trust I), which are 100% owned by Carver Bancorp, Inc., and using the proceeds to acquire Junior Subordinated Debentures issued by Carver Bancorp, Inc. Carver Bancorp, Inc. has fully and unconditionally guaranteed the Capital Securities along with all obligations of Carver Statutory Trust I under the trust agreement relating to the Capital Securities. The Company does not consolidate the accounts and related activity of Carver Statutory Trust I because it is not the primary beneficiary of the entity. Variable interest entities ("VIEs") are consolidated, as required, when Carver has a controlling financial interest in these entities and is deemed to be the primary beneficiary. Carver is normally deemed to have a controlling financial interest and be the primary beneficiary if it has both (a) the power to direct activities of a VIE that most significantly impact the entity's economic performance; and (b) the obligation to absorb losses of the entity that could benefit from the activities that could potentially be significant to the VIE. The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair statement of the results of the interim period presented. Operating results for the three and nine month periods ended December 31, 2024 are not necessarily indicative of the results that may be expected for the year ended March 31, 2025. The consolidated balance sheet at December 31, 2024 has been derived from the unaudited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated statement of financial condition and revenues and expenses for the period then ended. These unaudited consolidated financial statements should be read in conjunction with the Annual Report on Form 10-K for the year ended March 31, 2024. Amounts subject to significant estimates and assumptions are items such as the allowance for credit losses, realization of deferred tax assets, and the fair value of financial instruments. While management uses available information to recognize losses on loans, future additions to the allowance for credit loss or future writedowns of real estate owned may be necessary based on changes in economic conditions in the areas where Carver Federal has extended mortgages and other credit instruments. Actual results could differ significantly from those assumptions. Current market conditions increase the risk and complexity of the judgments in these estimates. Certain comparative amounts for the prior period have been reclassified to conform to current period presentations. Such reclassifications had no effect on net income or shareholders' equity. Recent Events The business climate continues to present significant challenges as banks continue to absorb heightened regulatory costs and compete for limited loan demand. Inflationary pressure has started to decrease, but rates remain high and affect customer demand. The target interest rate range had been held steady at its highest point between 5.25% and 5.5% since July 2023, until the Federal Reserve lowered the rates by 50 basis points in September 2024, easing monetary policy for the first time since regular increases began in March 2022. The Federal Reserve approved two additional cuts in November and December, lowering the overnight borrowing rate to a range between 4.25% to 4.5%, but left interest rates unchanged at the January 2025 meeting. For Carver, the economic climate of New York City (“the City”), in particular, impacts our business as the City lags behind the rest of New York State and the nation both in job growth and levels of unemployment. The City's local area inflation has exceeded the national rate and its unemployment rate remains high at 5.4%, exceeding the national average. The Bank's liquidity position remains adequate. The impact of market volatility from continued inflation and higher interest rates will depend on future developments, which are highly uncertain and difficult to predict. The Company is closely monitoring its asset quality, liquidity, and capital positions, as well as the credit risk in its loan portfolio. Management is actively working to minimize the current and future impact of the current business and industry environment, and is continuing to make adjustments to operations where appropriate or necessary to mitigate risk. However, these factors and events may have negative effects on the business, financial condition, and results of operations of the Company and its customers. Recent Accounting Standards Accounting Standards Recently Adopted On April 1, 2023, the Company adopted Accounting Standards Codification ("ASC") Topic 326, "Financial Instruments - Credit Loss (ASC 326)," which replaces the guidance on recognition and measurement of credit losses for financial assets. The new requirements, known as the current expected credit loss model ("CECL") requires entities to adopt an impairment model based on expected losses rather than incurred losses. Under the CECL model, the allowance for credit losses ("ACL") is a valuation allowance that is deducted from the amortized cost basis of certain financial assets, including loans, held-to-maturity securities, and other receivables, to present the net carrying value at the amount expected to be collected. The measurement of expected credit losses is based on information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. This differs from the incurred loss model, which delays recognition of credit losses until it is probable a loss has been incurred. The Company applied the new guidance with a cumulative-effect adjustment to retained earnings as of April 1, 2023, using the modified-retrospective approach. Results for reporting periods beginning after April 1, 2023 are presented under CECL. The adoption of ASC 326 resulted in an increase of $0.7 million to the allowance for credit losses related to loans and to the opening balance of accumulated deficit for the year ended March 31, 2024. There was no material impact for other assets within the scope of the new CECL guidance, such as held-to-maturity debt securities and other receivables. On April 1, 2023, the Company adopted ASU No. 2022-02, "Financial Instruments - Credit Losses (ASC 326): Troubled Debt Restructurings (TDRs) and Vintage Disclosures," which eliminates the accounting guidance for TDRs, and replaced it with guidance and disclosure requirements for certain loan refinancing and restructuring activities to borrowers experiencing financial difficulty. The amendments also require disclosure of current period gross writeoffs by year of origination. The adoption of the standard did not have a material impact on the Company's consolidated statements of financial condition and results of operations. On April 1, 2023, the Company adopted ASU No. 2021-10 "Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance," which was issued to improve the financial reporting of government assistance received by business entities by requiring the disclosure of (1) the types of assistance received, (2) an entity’s accounting for the assistance, and (3) the effect of the assistance on an entity’s financial statements. The adoption of the standard did not have a material impact on the Company's consolidated statements of financial condition and results of operations. In March 2020, the FASB issued ASU No. 2020-04 "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting," which provides optional expedients and exceptions for applying GAAP to loan and lease agreements, derivative contracts, and other transactions affected by the anticipated transition away from LIBOR toward new interest rate benchmarks. For transactions that are modified because of reference rate reform and that meet certain scope guidance (i) modifications of loan agreements should be accounted for by prospectively adjusting the effective interest rate and the modification will be considered "minor" so that any existing unamortized origination fees/costs would carry forward and continue to be amortized and (ii) modifications of lease agreements should be accounted for as a continuation of the existing agreement with no reassessments of the lease classification and the discount rate or remeasurements of lease payments that otherwise would be required for modifications not accounted for as separate contracts. ASU 2020-04 is effective March 12, 2020 through December 31, 2022. An entity may elect to apply ASU 2020-04 for contract modifications as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively from a date within an interim period that includes or is subsequent to March 12, 2020, up to the date that the financial statements are available to be issued. Once elected for a Topic or an Industry Subtopic, the amendments in this ASU must be applied prospectively for all eligible contract modifications for that Topic or Industry Subtopic. In December 2022, the FASB issued ASU No. 2022-06 "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848," which defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024, after which entities will no longer be permitted to apply for relief in Topic 848. The Company adopted the LIBOR transition relief allowed under this standard, which allowed prospective recognition of the continuation of the contract, rather than extinguishment of the old contract resulting in writing off unamortized fees/costs. Accounting Standards Not Yet Adopted In November 2024, the FASB issued ASU No. 2024-03 "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40)" to improve the disclosures about a public business entity's expenses and address investor requests for more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, amortization, and depletion) in commonly presented expense captions. ASU No. 2024-03 is effective for fiscal years beginning after December 15, 2026 (for the Company, the fiscal year ending March 31, 2028), and interim periods beginning after December 15, 2027. Early adoption is permitted. The amendments in this update should be applied either prospectively to financial statements issued for reporting periods after the effective date of this update, or retrospectively to any or all prior periods presented in the financial statements. ASU 2024-03 is not expected to have a material impact on the Company's financial statements. In December 2023, the FASB issued ASU No. 2023-09 "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" to enhance income tax disclosures to help investors better assess how a company's operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. The amendments in this update will require further disaggregated information about a reporting entity's effective tax rate reconciliation and information on income taxes paid. ASU No. 2023-09 is effective for fiscal years beginning after December 15, 2024 (for the Company, the fiscal year ending March 31, 2026), and interim periods within those fiscal years. Early adoption is permitted. The amendments in this update should be applied on a prospective basis with an option for retrospective application. ASU 2023-09 is not expected to have a material impact on the Company's financial statements. In November 2023, the FASB issued ASU No. 2023-07 "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU No. 2023-07 is effective for fiscal years beginning after December 15, 2023 (for the Company, the fiscal year ending March 31, 2025), and interim periods within fiscal years beginning after December 15, 2024. The amendments in this update should be applied retrospectively to all prior periods presented in the financial statements. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The Company does not expect the adoption of this ASU to have a material impact on the Company's financial statements.
Basis of Accounting	Basis of consolidated financial statement presentation The consolidated financial statements include the accounts of the Company, the Bank and the Bank’s wholly-owned or majority-owned subsidiaries, Carver Asset Corporation, CFSB Realty Corp., CCDC, and CFSB Credit Corp., which is currently inactive. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company's subsidiary, Carver Statutory Trust I, is not consolidated with Carver Bancorp, Inc. for financial reporting purposes. Carver Statutory Trust I was formed in 2003 for the purpose of issuing $13 million aggregate liquidation amount of floating rate Capital Securities due September 17, 2033 (“Capital Securities”) and $0.4 million of common securities (which are the only voting securities of Carver Statutory Trust I), which are 100% owned by Carver Bancorp, Inc., and using the proceeds to acquire Junior Subordinated Debentures issued by Carver Bancorp, Inc. Carver Bancorp, Inc. has fully and unconditionally guaranteed the Capital Securities along with all obligations of Carver Statutory Trust I under the trust agreement relating to the Capital Securities. The Company does not consolidate the accounts and related activity of Carver Statutory Trust I because it is not the primary beneficiary of the entity. Variable interest entities ("VIEs") are consolidated, as required, when Carver has a controlling financial interest in these entities and is deemed to be the primary beneficiary. Carver is normally deemed to have a controlling financial interest and be the primary beneficiary if it has both (a) the power to direct activities of a VIE that most significantly impact the entity's economic performance; and (b) the obligation to absorb losses of the entity that could benefit from the activities that could potentially be significant to the VIE. The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair statement of the results of the interim period presented. Operating results for the three and nine month periods ended December 31, 2024 are not necessarily indicative of the results that may be expected for the year ended March 31, 2025. The consolidated balance sheet at December 31, 2024 has been derived from the unaudited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated statement of financial condition and revenues and expenses for the period then ended. These unaudited consolidated financial statements should be read in conjunction with the Annual Report on Form 10-K for the year ended March 31, 2024. Amounts subject to significant estimates and assumptions are items such as the allowance for credit losses, realization of deferred tax assets, and the fair value of financial instruments. While management uses available information to recognize losses on loans, future additions to the allowance for credit loss or future writedowns of real estate owned may be necessary based on changes in economic conditions in the areas where Carver Federal has extended mortgages and other credit instruments. Actual results could differ significantly from those assumptions. Current market conditions increase the risk and complexity of the judgments in these estimates. Certain comparative amounts for the prior period have been reclassified to conform to current period presentations. Such reclassifications had no effect on net income or shareholders' equity.
New Accounting Pronouncements, Policy	Recent Accounting Standards Accounting Standards Recently Adopted On April 1, 2023, the Company adopted Accounting Standards Codification ("ASC") Topic 326, "Financial Instruments - Credit Loss (ASC 326)," which replaces the guidance on recognition and measurement of credit losses for financial assets. The new requirements, known as the current expected credit loss model ("CECL") requires entities to adopt an impairment model based on expected losses rather than incurred losses. Under the CECL model, the allowance for credit losses ("ACL") is a valuation allowance that is deducted from the amortized cost basis of certain financial assets, including loans, held-to-maturity securities, and other receivables, to present the net carrying value at the amount expected to be collected. The measurement of expected credit losses is based on information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. This differs from the incurred loss model, which delays recognition of credit losses until it is probable a loss has been incurred. The Company applied the new guidance with a cumulative-effect adjustment to retained earnings as of April 1, 2023, using the modified-retrospective approach. Results for reporting periods beginning after April 1, 2023 are presented under CECL. The adoption of ASC 326 resulted in an increase of $0.7 million to the allowance for credit losses related to loans and to the opening balance of accumulated deficit for the year ended March 31, 2024. There was no material impact for other assets within the scope of the new CECL guidance, such as held-to-maturity debt securities and other receivables. On April 1, 2023, the Company adopted ASU No. 2022-02, "Financial Instruments - Credit Losses (ASC 326): Troubled Debt Restructurings (TDRs) and Vintage Disclosures," which eliminates the accounting guidance for TDRs, and replaced it with guidance and disclosure requirements for certain loan refinancing and restructuring activities to borrowers experiencing financial difficulty. The amendments also require disclosure of current period gross writeoffs by year of origination. The adoption of the standard did not have a material impact on the Company's consolidated statements of financial condition and results of operations. On April 1, 2023, the Company adopted ASU No. 2021-10 "Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance," which was issued to improve the financial reporting of government assistance received by business entities by requiring the disclosure of (1) the types of assistance received, (2) an entity’s accounting for the assistance, and (3) the effect of the assistance on an entity’s financial statements. The adoption of the standard did not have a material impact on the Company's consolidated statements of financial condition and results of operations. In March 2020, the FASB issued ASU No. 2020-04 "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting," which provides optional expedients and exceptions for applying GAAP to loan and lease agreements, derivative contracts, and other transactions affected by the anticipated transition away from LIBOR toward new interest rate benchmarks. For transactions that are modified because of reference rate reform and that meet certain scope guidance (i) modifications of loan agreements should be accounted for by prospectively adjusting the effective interest rate and the modification will be considered "minor" so that any existing unamortized origination fees/costs would carry forward and continue to be amortized and (ii) modifications of lease agreements should be accounted for as a continuation of the existing agreement with no reassessments of the lease classification and the discount rate or remeasurements of lease payments that otherwise would be required for modifications not accounted for as separate contracts. ASU 2020-04 is effective March 12, 2020 through December 31, 2022. An entity may elect to apply ASU 2020-04 for contract modifications as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively from a date within an interim period that includes or is subsequent to March 12, 2020, up to the date that the financial statements are available to be issued. Once elected for a Topic or an Industry Subtopic, the amendments in this ASU must be applied prospectively for all eligible contract modifications for that Topic or Industry Subtopic. In December 2022, the FASB issued ASU No. 2022-06 "Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848," which defers the sunset date of Topic 848 from December 31, 2022 to December 31, 2024, after which entities will no longer be permitted to apply for relief in Topic 848. The Company adopted the LIBOR transition relief allowed under this standard, which allowed prospective recognition of the continuation of the contract, rather than extinguishment of the old contract resulting in writing off unamortized fees/costs. Accounting Standards Not Yet Adopted In November 2024, the FASB issued ASU No. 2024-03 "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40)" to improve the disclosures about a public business entity's expenses and address investor requests for more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, amortization, and depletion) in commonly presented expense captions. ASU No. 2024-03 is effective for fiscal years beginning after December 15, 2026 (for the Company, the fiscal year ending March 31, 2028), and interim periods beginning after December 15, 2027. Early adoption is permitted. The amendments in this update should be applied either prospectively to financial statements issued for reporting periods after the effective date of this update, or retrospectively to any or all prior periods presented in the financial statements. ASU 2024-03 is not expected to have a material impact on the Company's financial statements. In December 2023, the FASB issued ASU No. 2023-09 "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" to enhance income tax disclosures to help investors better assess how a company's operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. The amendments in this update will require further disaggregated information about a reporting entity's effective tax rate reconciliation and information on income taxes paid. ASU No. 2023-09 is effective for fiscal years beginning after December 15, 2024 (for the Company, the fiscal year ending March 31, 2026), and interim periods within those fiscal years. Early adoption is permitted. The amendments in this update should be applied on a prospective basis with an option for retrospective application. ASU 2023-09 is not expected to have a material impact on the Company's financial statements. In November 2023, the FASB issued ASU No. 2023-07 "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU No. 2023-07 is effective for fiscal years beginning after December 15, 2023 (for the Company, the fiscal year ending March 31, 2025), and interim periods within fiscal years beginning after December 15, 2024. The amendments in this update should be applied retrospectively to all prior periods presented in the financial statements. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The Company does not expect the adoption of this ASU to have a material impact on the Company's financial statements.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table reconciles the (loss) income attributable to common shareholders (numerator) and the weighted average common stock outstanding (denominator) for both basic and diluted (loss) earnings per share for the following periods: Three Months Ended December 31, Nine Months Ended December 31, $ in thousands except per share data 2024 2023 2024 2023 Net (loss) income $ (5,648) $ 19 $ (9,973) $ (2,988) Less: Participated securities share of undistributed earnings — 4 — — Net (loss) income attributable to common shareholders $ (5,648) $ 15 $ (9,973) $ (2,988) Weighted average common shares outstanding - basic 5,189,207 5,002,290 5,156,984 4,771,706 Effect of dilutive shares — 1,417,536 — — Weighted average common shares outstanding – diluted 5,189,207 6,419,826 5,156,984 4,771,706 Basic (loss) earnings per common share $ (1.09) $ — $ (1.93) $ (0.63) Diluted (loss) earnings per common share (1.09) — (1.93) (0.63) The Company has preferred shares which are entitled to receive dividends if declared on the Company's common stock and are therefore considered to be participating securities. Basic earnings (loss) per share (“EPS”) is computed using the two class method. This calculation divides net income (loss) available to common stockholders after the allocation of undistributed earnings to the participating securities by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. These potentially dilutive shares are then included in the weighted average number of shares outstanding for the period. Dilution calculations are not applicable to net loss periods. For the three and nine months ended December 31, 2024 and nine months ended December 31, 2023, all restricted shares and outstanding stock options were anti-dilutive.

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Dec. 31, 2024
Statement of Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables set forth changes in each component of accumulated other comprehensive loss, net of tax for the nine months ended December 31, 2024 and 2023: $ in thousands At March 31, 2024 Other At December 31, 2024 Net unrealized loss on securities available-for-sale $ (12,705) $ (292) $ (12,997) $ in thousands At March 31, 2023 Other At December 31, 2023 Net unrealized loss on securities available-for-sale $ (12,215) $ (62) $ (12,277)

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Unrealized Gain (Loss) on Investments	The following tables set forth the amortized cost and fair value of securities available-for-sale and held-to-maturity at December 31, 2024 and March 31, 2024: At December 31, 2024 Amortized Gross Unrealized $ in thousands Cost Gains Losses Fair Value Available-for-Sale: Mortgage-backed Securities: Government National Mortgage Association $ 211 $ 4 $ — $ 215 Federal Home Loan Mortgage Corporation 19,115 — (4,383) 14,732 Federal National Mortgage Association 10,390 — (2,340) 8,050 Total mortgage-backed securities 29,716 4 (6,723) 22,997 U.S. Government Agency Securities 4,460 — (22) 4,438 Corporate Bonds 5,263 — (2,446) 2,817 Muni Securities 17,679 — (3,810) 13,869 Total available-for-sale $ 57,118 $ 4 $ (13,001) $ 44,121 Held-to-Maturity: Mortgage-backed Securities: Government National Mortgage Association $ 254 $ — $ (12) $ 242 Federal National Mortgage Association and Other 1,553 — (60) 1,493 Total held-to maturity $ 1,807 $ — $ (72) $ 1,735 At March 31, 2024 Amortized Gross Unrealized $ in thousands Cost Gains Losses Fair Value Available-for-Sale: Mortgage-backed Securities: Government National Mortgage Association $ 280 $ 4 $ (1) $ 283 Federal Home Loan Mortgage Corporation 20,299 — (4,501) 15,798 Federal National Mortgage Association 10,975 — (2,339) 8,636 Total mortgage-backed securities 31,554 4 (6,841) 24,717 U.S. Government Agency Securities 6,219 — (25) 6,194 Corporate Bonds 5,266 — (2,203) 3,063 Muni Securities 17,696 — (3,640) 14,056 Total available-for-sale $ 60,735 $ 4 $ (12,709) $ 48,030 Held-to-Maturity: Mortgage-backed Securities: Government National Mortgage Association $ 292 $ — $ (9) $ 283 Federal National Mortgage Association and Other 1,716 — (94) 1,622 Total held-to-maturity $ 2,008 $ — $ (103) $ 1,905
Schedule of Unrealized Loss on Investments	The following tables set forth the unrealized losses and fair value of securities in an unrealized loss position at December 31, 2024 and March 31, 2024 for less than 12 months and 12 months or longer: At December 31, 2024 Less than 12 months 12 months or longer Total $ in thousands Unrealized Fair Unrealized Fair Unrealized Fair Available-for-Sale: Mortgage-backed securities $ — $ — $ (6,723) $ 22,782 $ (6,723) $ 22,782 U.S. Government Agency securities (16) 3,493 (6) 945 (22) 4,438 Corporate bonds — — (2,446) 2,817 (2,446) 2,817 Muni securities — — (3,810) 13,869 (3,810) 13,869 Total available-for-sale securities $ (16) $ 3,493 $ (12,985) $ 40,413 $ (13,001) $ 43,906 Held-to-Maturity: Mortgage-backed securities $ — $ — $ (72) $ 1,705 $ (72) $ 1,705 Total held-to-maturity securities $ — $ — $ (72) $ 1,705 $ (72) $ 1,705 At March 31, 2024 Less than 12 months 12 months or longer Total $ in thousands Unrealized Fair Unrealized Fair Unrealized Fair Available-for-Sale: Mortgage-backed securities $ — $ — $ (6,841) $ 24,468 $ (6,841) $ 24,468 U.S. Government Agency securities (2) 1,273 (23) 4,921 (25) 6,194 Corporate bonds — — (2,203) 3,063 (2,203) 3,063 Muni securities — — (3,640) 14,056 (3,640) 14,056 Total available-for-sale securities $ (2) $ 1,273 $ (12,707) $ 46,508 $ (12,709) $ 47,781 Held-to-Maturity: Mortgage-backed securities $ — $ — $ (103) $ 1,872 $ (103) $ 1,872 Total held-to-maturity securities $ — $ — $ (103) $ 1,872 $ (103) $ 1,872
Investments Classified by Contractual Maturity Date	The following is a summary of the amortized cost and fair value of debt securities at December 31, 2024, by remaining period to contractual maturity (ignoring earlier call dates, if any). Actual maturities may differ from contractual maturities because certain security issuers have the right to call or prepay their obligations. The table below does not consider the effects of possible prepayments or unscheduled repayments. $ in thousands Amortized Cost Fair Value Weighted Available-for-Sale: One through five years $ 952 $ 945 5.83 % Five through ten years 4,673 3,954 2.45 % After ten years 21,777 16,225 3.10 % Mortgage-backed securities 29,716 22,997 1.64 % Total $ 57,118 $ 44,121 2.34 % Held-to-maturity: Mortgage-backed securities $ 1,807 $ 1,735 2.85 %

Loans Receivable and ACL (Table

Loans Receivable and ACL (Tables)	9 Months Ended
	Dec. 31, 2024
Loans and Leases Receivable Disclosure [Abstract]
Loans Receivable and ACL	The following is a summary of loans receivable, net of allowance for credit losses at December 31, 2024 and March 31, 2024: December 31, 2024 March 31, 2024 $ in thousands Amount Percent Amount Percent Loans receivable: One-to-four family $ 76,361 12.5 % $ 82,787 13.3 % Multifamily 169,596 27.8 % 177,203 28.4 % Commercial real estate 181,488 29.7 % 175,384 28.2 % Construction 4,131 0.6 % 2,203 0.4 % Business (1) 163,579 26.8 % 169,602 27.2 % Consumer (2) 15,722 2.6 % 15,699 2.5 % Total loans receivable $ 610,877 100.0 % $ 622,878 100.0 % Allowance for credit losses (6,057) (5,871) Total loans receivable, net $ 604,820 $ 617,007 (1) Includes PPP loans and business overdrafts (2) Includes personal loans and consumer overdrafts
Allowance for Credit Losses	The following is an analysis of the allowance for credit losses based upon the method of evaluating loan reserves under the expected loss methodology for the three and nine months ended December 31, 2024 and 2023, and the fiscal year ended March 31, 2024. Three months ended December 31, 2024 $ in thousands One-to-four Multifamily Commercial Real Estate Construction Business Consumer Unallocated Total Allowance for credit losses: Beginning Balance $ 2,013 $ 759 $ 1,247 $ 4 $ 1,539 $ 607 $ 73 $ 6,242 Charge-offs — — — — (61) (226) — (287) Recoveries — — — — 2 4 — 6 Provision for (recovery of) Credit Losses (112) 39 91 (1) (65) 208 (64) 96 Ending Balance $ 1,901 $ 798 $ 1,338 $ 3 $ 1,415 $ 593 $ 9 $ 6,057 Nine months ended December 31, 2024 $ in thousands One-to-four Multifamily Commercial Real Estate Construction Business Consumer Unallocated Total Allowance for credit losses: Beginning Balance $ 2,005 $ 720 $ 1,222 $ 1 $ 1,415 $ 450 $ 58 $ 5,871 Charge-offs — — — — (289) (353) — (642) Recoveries — — — — 6 5 — 11 Provision for (recovery of) Credit Losses (104) 78 116 2 283 491 (49) 817 Ending Balance $ 1,901 $ 798 $ 1,338 $ 3 $ 1,415 $ 593 $ 9 $ 6,057 Allowance for Credit Losses Ending Balance: collectively evaluated for impairment $ 1,901 $ 798 $ 1,338 $ 3 $ 1,414 $ 479 $ 9 $ 5,942 Allowance for Credit Losses Ending Balance: individually evaluated for impairment — — — — 1 114 — 115 Loan Receivables Ending Balance: $ 76,361 $ 169,596 $ 181,488 $ 4,131 $ 163,579 $ 15,722 $ — $ 610,877 Ending Balance: collectively evaluated for impairment 74,862 167,375 173,184 4,131 150,825 15,628 — 586,005 Ending Balance: individually evaluated for impairment 1,499 2,221 8,304 — 12,754 94 — 24,872 At March 31, 2024 $ in thousands One-to-four family Multifamily Commercial Real Estate Construction Business Consumer Unallocated Total Allowance for Credit Losses Ending Balance: $ 2,005 $ 720 $ 1,222 $ 1 $ 1,415 $ 450 $ 58 $ 5,871 Allowance for Credit Losses Ending Balance: collectively evaluated for impairment 2,005 720 1,222 1 1,408 449 58 5,863 Allowance for Credit Losses Ending Balance: individually evaluated for impairment — — — — 7 1 — 8 Loan Receivables Ending Balance: $ 82,787 $ 177,203 $ 175,384 $ 2,203 $ 169,602 $ 15,699 $ — $ 622,878 Ending Balance: collectively evaluated for impairment 78,636 174,718 170,862 2,203 156,340 15,654 — 598,413 Ending Balance: individually evaluated for impairment 4,151 2,485 4,522 — 13,262 45 — 24,465 Three months ended December 31, 2023 $ in thousands One-to-four Multifamily Commercial Real Estate Construction Business Consumer Unallocated Total Allowance for credit losses: Beginning Balance $ 2,264 $ 721 $ 1,212 $ — $ 1,393 $ 417 $ — $ 6,007 Charge-offs — — — — — (17) — (17) Recoveries — — — — 2 2 — 4 Provision for (recovery of) Credit Losses (196) 1 (1) 1 57 41 — (97) Ending Balance $ 2,068 $ 722 $ 1,211 $ 1 $ 1,452 $ 443 $ — $ 5,897 Nine months ended December 31, 2023 $ in thousands One-to-four family Multifamily Commercial Real Estate Construction Business Consumer Unallocated Total Allowance for credit losses: Beginning Balance $ 716 $ 1,109 $ 1,814 $ — $ 1,139 $ 449 $ 2 $ 5,229 Impact of CECL adoption 1,220 (392) (497) 505 (166) (2) 668 Charge-offs — — — — — (134) — (134) Recoveries — — — — 52 5 — 57 Provision for (recovery of) Credit Losses 132 5 (106) 1 (244) 289 — 77 Ending Balance $ 2,068 $ 722 $ 1,211 $ 1 $ 1,452 $ 443 $ — $ 5,897
Nonaccrual Loans	The following is a summary of nonaccrual loans, at amortized cost, at December 31, 2024 and March 31, 2024. December 31, 2024 $ in thousands Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Gross loans receivable: One-to-four family $ 1,874 $ — $ 1,874 Multifamily 2,249 — 2,249 Commercial real estate 6,104 — 6,104 Business 12,486 — 12,486 Consumer — 98 98 Total nonaccrual loans $ 22,713 $ 98 $ 22,811 March 31, 2024 $ in thousands Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Gross loans receivable: One-to-four family $ 3,554 $ — $ 3,554 Multifamily 2,238 — 2,238 Commercial real estate 4,522 — 4,522 Business 1,317 100 1,417 Consumer — 44 44 Total nonaccrual loans $ 11,631 $ 144 $ 11,775
Credit Quality Indicators	: $ in thousands 2024 2023 2022 2021 2020 2019 and earlier Revolving Loans Total Credit Risk Profile by Internally Assigned Grade: Multifamily Pass $ 1,723 $ 6,528 $ 51,386 $ 47,350 $ 27,133 $ 33,255 $ — $ 167,375 Special Mention — — — — — — — — Substandard — — — 1,467 754 — — 2,221 Doubtful — — — — — — — — Loss — — — — — — — — Total 1,723 6,528 51,386 48,817 27,887 33,255 — 169,596 Commercial Real Estate Pass $ 12,948 $ 28,898 $ 30,848 $ 23,405 $ 16,592 $ 59,841 $ — $ 172,532 Special Mention — — — — — 652 — 652 Substandard — — — 3,782 — 4,522 — 8,304 Doubtful — — — — — — — — Loss — — — — — — — — Total 12,948 28,898 30,848 27,187 16,592 65,015 — 181,488 Construction Pass $ — $ 4,131 $ — $ — $ — $ — $ — $ 4,131 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total — 4,131 — — — — — 4,131 Business Pass $ 24,477 $ 19,121 $ 27,836 $ 40,718 $ 10,599 $ 28,074 $ — $ 150,825 Special Mention — — — — — — — — Substandard — 52 7,951 4,311 — 440 — 12,754 Doubtful — — — — — — — — Loss — — — — — — — — Total 24,477 19,173 35,787 45,029 10,599 28,514 — 163,579 Gross charge-offs — — 160 — — — 129 — 289 Credit Risk Profile Based on Payment Activity: One-to-four Family Performing $ — $ 21,314 $ 3,779 $ 13,277 $ 1,400 $ 35,092 $ — $ 74,862 Non-Performing — — — — — 1,499 — 1,499 Total — 21,314 3,779 13,277 1,400 36,591 — 76,361 Consumer Performing $ 4,981 $ 9,202 $ 382 $ — $ 1 $ 1,062 $ — $ 15,628 Non-Performing 39 55 — — — — — 94 Total 5,020 9,257 382 — 1 1,062 — 15,722 Gross charge-offs 48 186 5 — 5 109 — 353 Total Loans (excluding gross charge-offs) $ 44,168 $ 89,301 $ 122,182 $ 134,310 $ 56,479 $ 164,437 $ — $ 610,877 At March 31, 2024, the risk category by class of loans was as follows: $ in thousands 2024 2023 2022 2021 2020 2019 and earlier Revolving Loans Total Credit Risk Profile by Internally Assigned Grade: Multifamily Pass $ 980 $ 6,587 $ 53,516 $ 50,778 $ 28,483 $ 34,374 — $ 174,718 Special Mention — — — — — — — — Substandard — — — 1,451 754 280 — 2,485 Doubtful — — — — — — — — Loss — — — — — — — — Total 980 6,587 53,516 52,229 29,237 34,654 — 177,203 Commercial Real Estate Pass $ 2,450 $ 29,064 $ 31,313 $ 27,635 $ 16,951 $ 62,775 — 170,188 Special Mention — — — — — 674 — 674 Substandard — — — — — 4,522 — 4,522 Doubtful — — — — — — — — Loss — — — — — — — — Total 2,450 29,064 31,313 27,635 16,951 67,971 — 175,384 Construction Pass $ — $ 2,203 $ — $ — $ — $ — $ — 2,203 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total — 2,203 — — — — — 2,203 Business Pass $ 7,050 $ 21,315 $ 32,675 $ 52,839 $ 10,845 $ 32,587 — 157,311 Special Mention — — — — — — — — Substandard — — 7,939 3,987 — 365 — 12,291 Doubtful — — — — — — — — Loss — — — — — — — — Total 7,050 21,315 40,614 56,826 10,845 32,952 — 169,602 Gross charge-offs — — — — — 10 — 10 Credit Risk Profile Based on Payment Activity: One-to-four Family Performing $ — $ 22,247 $ 3,830 $ 13,422 $ 1,424 $ 39,002 $ — 79,925 Non-Performing — — — — — 2,862 — 2,862 Total — 22,247 3,830 13,422 1,424 41,864 — 82,787 Consumer Performing $ 2,003 $ — $ 11,891 $ — $ 570 $ — $ 4 $ 16 $ 1,172 $ — 15,656 Non-Performing — 42 1 — — — — 43 Total 2,003 11,933 571 4 16 1,172 — 15,699 Gross charge-offs — 18 1 — — 141 — 160 Total Loans (excluding gross charge-offs) $ 12,483 $ 93,349 $ 129,844 $ 150,116 $ 58,473 $ 178,613 $ — $ 622,878
Past Due Financing Receivables	The following tables present an aging analysis of the amortized cost of past due loans receivables at December 31, 2024 and March 31, 2024. . December 31, 2024 $ in thousands 30-59 Days 60-89 Days 90 or More Days Past Due Total Past Current Total Loans One-to-four family $ 222 $ — $ 1,313 $ 1,535 $ 74,826 $ 76,361 Multifamily 1,457 — 2,221 3,678 165,918 169,596 Commercial real estate 3,520 — 6,104 9,624 171,864 181,488 Construction — — — — 4,131 4,131 Business 3,339 — 12,213 15,552 148,027 163,579 Consumer 145 8 94 247 15,475 15,722 Total $ 8,683 $ 8 $ 21,945 $ 30,636 $ 580,241 $ 610,877 March 31, 2024 $ in thousands 30-59 Days 60-89 Days 90 or More Days Past Due Total Past Current Total Loans Receivables One-to-four family $ 164 $ — $ 2,859 $ 3,023 $ 79,764 $ 82,787 Multifamily — — 2,205 2,205 174,998 177,203 Commercial real estate — — 4,660 4,660 170,724 175,384 Construction — — — — 2,203 2,203 Business 1,959 214 12,071 14,244 155,358 169,602 Consumer 151 54 — 205 15,494 15,699 Total $ 2,274 $ 268 $ 21,795 $ 24,337 $ 598,541 $ 622,878
Collateral Dependent Loans	The following table presents the amortized cost of collateral dependent loans with the associated allowance amount, if applicable, as of December 31, 2024 and March 31, 2024: At December 31, 2024 At March 31, 2024 Collateral Type Collateral Type $ in thousands Real Estate Other Allowance Allocated Real Estate Other Allowance Allocated One-to-four family $ 1,499 $ — $ — $ 4,151 $ — $ — Multifamily 2,221 — — 2,485 — — Commercial real estate 8,304 — — 4,522 — — Business 12,615 139 1 12,196 1,066 7 Consumer — 94 114 — 45 1 $ 24,639 $ 233 $ 115 $ 23,354 $ 1,111 $ 8

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	9 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments	The following table reflects the Bank's outstanding commitments as of December 31, 2024 and March 31, 2024: $ in thousands December 31, 2024 March 31, 2024 Lines of credit $ 3,501 4,268 Letters of credit 412 — Commitment to fund private equity investment 835 650 $ 4,748 $ 4,918

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Fair Value, Assets Measured on Recurring Basis	The following table presents, by valuation hierarchy, assets that are measured at fair value on a recurring basis as of December 31, 2024 and March 31, 2024, and that are included in the Company’s Consolidated Statements of Financial Condition at these dates: Fair Value Measurements at December 31, 2024, Using $ in thousands Quoted Prices in Active Markets for Identical Assets Significant Other Significant Total Fair Mortgage servicing rights $ — $ — $ 134 $ 134 Investment securities Available-for-sale: Mortgage-backed securities: Government National Mortgage Association — 215 — 215 Federal Home Loan Mortgage Corporation — 14,732 — 14,732 Federal National Mortgage Association — 8,050 — 8,050 U.S. Government Agency securities — 4,438 — 4,438 Corporate bonds — 2,817 — 2,817 Muni securities — 13,869 — 13,869 Total available-for-sale securities — 44,121 — 44,121 Total assets $ — $ 44,121 $ 134 $ 44,255 Fair Value Measurements at March 31, 2024, Using $ in thousands Quoted Prices in Significant Other Significant Total Fair Mortgage servicing rights $ — $ — $ 140 $ 140 Investment securities Available-for-sale: Mortgage-backed securities: Government National Mortgage Association — 283 — 283 Federal Home Loan Mortgage Corporation — 15,798 — 15,798 Federal National Mortgage Association — 8,636 — 8,636 U.S. Government Agency securities — 6,194 — 6,194 Corporate bonds — 3,063 — 3,063 Muni securities — 14,056 — 14,056 Total available-for-sale securities — 48,030 — 48,030 Total assets $ — $ 48,030 $ 140 $ 48,170
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following table includes a rollforward of assets classified by the Company within Level 3 of the valuation hierarchy for the nine months ended December 31, 2024 and 2023: $ in thousands Beginning balance, Total Realized/Unrealized Gains/(Losses) Recorded in Income (1) Issuances / (Settlements) Transfers to/(from) Level 3 Ending balance, December 31, 2024 Change in Unrealized Gains/(Losses) Related to Instruments Held at December 31, 2024 Mortgage servicing rights $ 140 (6) — — $ 134 $ (5) $ in thousands Beginning balance, Total Realized/Unrealized Gains/(Losses) Recorded in Income (1) Issuances / (Settlements) Transfers to/(from) Level 3 Ending balance, December 31, 2023 Change in Unrealized Gains/(Losses) Related to Instruments Held at December 31, 2023 Mortgage servicing rights $ 152 (10) — — $ 142 $ (9)
Fair Value, Assets Measured on Recurring Basis, Valuation Techniques	For Level 3 assets measured at fair value on a recurring basis as of December 31, 2024 and March 31, 2024, the significant unobservable inputs used in the fair value measurements were as follows: $ in thousands Fair Value December 31, 2024 Valuation Technique Significant Unobservable Inputs Significant Unobservable Input Value Mortgage servicing rights $ 134 Discounted Cash Flow Weighted Average Constant Prepayment Rate (1) 6.4 % Range of Inputs 3.0% to 11.0% Option Adjusted Spread ("OAS") applied to Treasury curve 1000 basis points $ in thousands Fair Value March 31, 2024 Valuation Technique Significant Unobservable Inputs Significant Unobservable Input Value Mortgage servicing rights $ 140 Discounted Cash Flow Weighted Average Constant Prepayment Rate (1) 6.4 % Range of Inputs 3.0% to 7.1% Option Adjusted Spread ("OAS") applied to Treasury curve 1000 basis points (1) Represents annualized loan repayment rate assumptions (ZMUPT model)
Fair Value Measurements, Nonrecurring	The following table presents assets and liabilities that were measured at fair value on a non-recurring basis as of December 31, 2024 and March 31, 2024, and that are included in the Company’s Consolidated Statements of Financial Condition at these dates: Fair Value Measurements at December 31, 2024 Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Fair Value $ in thousands (Level 1) (Level 2) (Level 3) Other real estate owned — — 52 $ 52 Fair Value Measurements at March 31, 2024, Using Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Total Fair Value $ in thousands (Level 1) (Level 2) (Level 3) Other real estate owned — — 52 $ 52
Fair Value, Assets Measured on Nonrecurring Basis, Valuation Techniques	For Level 3 assets measured at fair value on a non-recurring basis as of December 31, 2024 and March 31, 2024, the significant unobservable inputs used in the fair value measurements were as follows: $ in thousands Fair Value December 31, 2024 Valuation Technique Significant Unobservable Inputs Significant Unobservable Input Value Other real estate owned $ 52 Appraisal of collateral Appraisal adjustments 7.5% cost to sell $ in thousands Fair Value March 31, 2024 Valuation Technique Significant Unobservable Inputs Significant Unobservable Input Value Other real estate owned $ 52 Appraisal of collateral Appraisal adjustments 7.5% cost to sell

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The carrying amounts and estimated fair values of the Bank’s financial instruments and estimation methodologies at December 31, 2024 and March 31, 2024 are as follows: December 31, 2024 $ in thousands Carrying Estimated Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial Assets: Cash and cash equivalents $ 49,959 $ 49,959 $ 49,959 $ — $ — Securities available-for-sale 44,121 44,121 — 44,121 — Securities held-to-maturity 1,807 1,735 — 1,735 — Loans receivable 604,820 584,837 — — 584,837 Accrued interest receivable 2,466 2,466 — 2,466 — Mortgage servicing rights 134 134 — — 134 Financial Liabilities: Deposits $ 636,939 $ 635,319 $ 399,788 $ 235,531 $ — Advances from FHLB-NY 19,841 19,864 — 19,864 — Other borrowed money 18,403 17,815 — 17,815 — Accrued interest payable 986 986 — 986 — March 31, 2024 $ in thousands Carrying Estimated Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial Assets: Cash and cash equivalents $ 59,025 $ 59,025 $ 59,025 $ — $ — Securities available-for-sale 48,030 48,030 — 48,030 — Securities held-to-maturity 2,008 1,905 — 1,905 — Loans receivable 617,007 593,484 — — 593,484 Accrued interest receivable 3,662 3,662 — 3,662 — Mortgage servicing rights 140 140 — — 140 Financial Liabilities: Deposits $ 646,999 $ 642,831 $ 420,663 $ 222,168 $ — Advances from FHLB-NY 28,027 27,920 — 27,920 — Other borrowed money 18,403 17,623 — 17,623 — Accrued interest payable 1,128 1,128 — 1,128 —

Non-interest Revenue and Expe_2

Non-interest Revenue and Expense (Tables)	9 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and nine months ended December 31, 2024 and 2023: Three Months Ended December 31, Nine Months Ended December 31, $ in thousands 2024 2023 2024 2023 Non-interest income In-scope of Topic 606 Depository fees and charges $ 644 $ 543 $ 1,726 $ 1,678 Loan fees and service charges 203 97 220 270 Other non-interest income 106 91 295 236 Non-interest income (in-scope of Topic 606) 953 731 2,241 2,184 Non-interest income (out-of-scope of Topic 606) 34 1,804 35 2,569 Total non-interest income $ 987 $ 2,535 $ 2,276 $ 4,753
Schedule of Other Operating Cost and Expense, by Component [Table Text Block]	The following table sets forth other non-interest income and expense totals exceeding 1% of the aggregate of total interest income and non-interest income for any of the periods presented: Three Months Ended December 31, Nine Months Ended December 31, $ in thousands 2024 2023 2024 2023 Other non-interest income: Empowering Change program fees $ 98 $ 84 $ 270 $ 211 BOLI income 59 338 138 420 Other (32) 68 (10) 84 Total other non-interest income $ 125 $ 490 $ 398 $ 715 Other non-interest expense: Advertising $ 219 $ 68 $ 373 $ 302 Legal expense 321 $ 88 645 428 Insurance and surety 246 320 821 938 Audit expense 167 165 500 496 Data lines / internet 100 100 314 310 Security services 154 15 335 41 Loan expense 155 39 159 73 Retail expenses 262 285 719 855 Operating charge-offs and other losses 21 154 67 293 Investor relations 179 — 179 39 Director's fees 105 135 315 346 Other 619 634 1,730 1,816 Total other non-interest expense $ 2,548 $ 2,003 $ 6,157 $ 5,937

Leases (Tables)

Leases (Tables)	9 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Lease, Cost	The following tables present information about the Company's leases and the related lease costs as of and for the three and nine months ended December 31, 2024: December 31, 2024 March 31, 2024 Weighted-average remaining lease term Operating leases 3.8 years 4.3 years Finance lease 1.6 years 2.6 years Weighted-average discount rate Operating leases 3.34 % 3.05 % Finance lease 4.93 % 4.32 % Three Months Ended December 31, Nine Months Ended December 31, $ in thousands 2024 2023 2024 2023 Operating lease expense $ 711 $ 692 $ 2,089 $ 2,076 Finance lease cost Amortization of right-of-use asset 11 16 36 81 Interest on lease liability 1 1 2 5 Cash paid for amounts included in the measurement of lease liabilities Operating leases 736 711 2,206 2,133 Finance lease 9 12 36 74
Lessee, Lease Liability, Maturity	Maturities of lease liabilities at December 31, 2024 are as follows: $ in thousands Operating Leases Finance Leases Year ending March 31, 2025 $ 747 $ 12 2026 2,915 26 2027 2,583 — 2028 2,411 — 2029 1,326 — Thereafter 214 — Total lease payments 10,196 38 Interest (657) (1) Lease liability $ 9,539 $ 37

Organization Text Tags (Details

Organization Text Tags (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2003	Mar. 31, 2024	Sep. 17, 2003	Oct. 24, 1994
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Common Stock, Shares Issued (in shares)	7,765,863			7,765,863		2,314,375
Common Stock, Par Value (in dollars per share)	$ 0.01			$ 0.01		$ 0.01
subordinated debt issued shares					13,000
Liquidation amount subordinated debt (in dollars per share)					$ 1,000
Proceeds from Issuance of Long-term Debt	$ 1,814	$ 5,527	$ 13,000
Proceeds from (Payments for) Other Financing Activities			400
Payments for Repurchase of Trust Preferred Securities			$ 13,400
Debt Instrument, Basis Spread on Variable Rate	3.05%
Debt Instrument, Interest Rate During Period	7.66%
Interest Payable	$ 46

Summary of Significant Accoun_2

Summary of Significant Accounting Policies Text Tags (Details) - USD ($)	9 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2003	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023
Accounting Policies [Abstract]
Proceeds from Issuance of Long-term Debt	$ 1,814,000	$ 5,527,000	$ 13,000,000
Proceeds from (Payments for) Other Financing Activities			$ 400,000
Financing Receivable, Allowance for Credit Loss [Line Items]
Retained Earnings (Accumulated Deficit)	(61,522,000)				$ (51,549,000)
Allowance for Credit Loss, Excluding Accrued Interest	6,057,000	5,897,000		$ 6,242,000	$ 5,871,000	$ 6,007,000	$ 5,229,000
Proceeds from Sale of Held-to-Maturity Securities	$ 0	0
Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest		$ 668,000

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Earnings Per Share [Abstract]
Net (loss) income	$ (5,648)	$ 19	$ (9,973)	$ (2,988)
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	0	4	0	0
Net Income (Loss) Available to Common Stockholders, Basic	$ (5,648)	$ 15	$ (9,973)	$ (2,988)
Weighted average common shares outstanding - basic (in shares)	5,189,207	5,002,290	5,156,984	4,771,706
Weighted Average Number Diluted Shares Outstanding Adjustment	0	1,417,536	0	0
Weighted average common shares outstanding - diluted (in shares)	5,189,207	6,419,826	5,156,984	4,771,706
Earnings (loss) per Share, Basic (in dollars per share)	$ (1.09)	$ 0	$ (1.93)	$ (0.63)
Earnings (loss) per Share, Diluted (in dollars per share)	$ (1.09)	$ 0	$ (1.93)	$ (0.63)

Common Stock Dividends and Is_2

Common Stock Dividends and Issuances Text Tags (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				9 Months Ended			12 Months Ended
	Sep. 30, 2023	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2021	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2011	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2021	Jul. 19, 2023	Sep. 27, 2021	Feb. 16, 2021	Oct. 28, 2011
Dividends [Abstract]
Stock Issued During Period, Shares, Other							2,321,286
Conversion of Stock, Shares Converted							1,208,039	3,644	550
Convertible Preferred Stock, Shares Outstanding (in shares)															45,118
Conversion of Stock, Shares Issued								445,661	67,265
Treasury Stock, Shares, Acquired											2,321,286
Payments for Repurchase of Equity											$ 2,500
Stock Issued During Period, Shares, New Issues		397,367
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues		397,367
Proceeds from Issuance of Private Placement	$ 1,000		$ 4,000								$ 6,000
Conversion of Stock, Shares Converted							1,208,039	3,644	550
Issuance of common stock					$ 194	$ 1,000				$ 3,000
Common Stock
Dividends [Abstract]
Stock Issued During Period, Shares, New Issues	378,788										112,612
Sale of Stock, Price Per Share												$ 2.64		$ 8.88
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	378,788										112,612
Sale of Stock, Price Per Share												$ 2.64		8.88
Series F Preferred Stock
Dividends [Abstract]
Convertible Preferred Stock, Shares Outstanding (in shares)					9,000			9,000
Stock Issued During Period, Shares, New Issues			4,000	5,000
Sale of Stock, Price Per Share													$ 1,000	1,000
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues			4,000	5,000
Sale of Stock, Price Per Share													$ 1,000	$ 1,000
Series D Preferred Stock
Dividends [Abstract]
Convertible Preferred Stock, Shares Outstanding (in shares)					9,557			9,557
Series E Preferred Stock
Dividends [Abstract]
Convertible Preferred Stock, Shares Outstanding (in shares)					3,177			3,177

Components of Accumulated Other

Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Accumulated Other Comprehensive Loss, Available-for-sale Securities Adjustment, Net of Tax			$ (12,705)	$ (12,215)
Other comprehensive loss, net of taxes	$ (2,151)	$ 3,037	(292)	(62)
Accumulated Other Comprehensive Loss, Available-for-sale Securities Adjustment, Net of Tax	$ (12,997)	$ (12,277)	$ (12,997)	$ (12,277)

Other Comprehensive Income (L_3

Other Comprehensive Income (Loss) (Details) Text Tags - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	$ 0	$ 0

Investment Securities Text Tags

Investment Securities Text Tags (Details)	9 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2024 USD ($)
Schedule of Investments [Line Items]
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions	23		24
Debt Securities, Available-for-sale	$ 44,121,000		$ 48,030,000
Percentage Available-for-sale Securities	96.10%
Debt Securities, Held-to-maturity	$ 1,807,000		2,008,000
Percentage Held-to-maturity Securities	3.90%
Trading	$ 0		0
Bank Owned Life Insurance	5,000,000
Other Investments	6,400,000
Proceeds from Sale of Debt Securities, Available-for-sale	0	$ 0
Proceeds from Sale of Held-to-Maturity Securities	0	$ 0
Debt Securities, Available-for-Sale, Allowance for Credit Loss	0
Debt Securities, Held-to-Maturity, Allowance for Credit Loss	$ 0
Mortgage-backed securities
Schedule of Investments [Line Items]
Percentage Available-for-Sale, Continuos Unrealized Loss Position	51.90%
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	7
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	6
Debt Securities, Available-for-sale	$ 22,997,000		24,717,000
US Government Agency Securities
Schedule of Investments [Line Items]
Percentage Available-for-Sale, Continuos Unrealized Loss Position	10.10%
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	1
Debt Securities, Available-for-sale	$ 4,438,000		6,194,000
Municipal Securities
Schedule of Investments [Line Items]
Percentage Available-for-Sale, Continuos Unrealized Loss Position	31.60%
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	6
Debt Securities, Available-for-sale	$ 13,869,000		14,056,000
Corporate Bonds
Schedule of Investments [Line Items]
Percentage Available-for-Sale, Continuos Unrealized Loss Position	6.40%
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	1
Debt Securities, Available-for-sale	$ 2,817,000		$ 3,063,000

Investment Securities-Unrealize

Investment Securities-Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Debt Securities, Available-for-sale [Line Items]
Available-for-sale, Amortized Cost	$ 57,118	$ 60,735
Available-for-sale, Gross Unrealized Gains	4	4
Available-for-sale, Gross Unrealized Losses	(13,001)	(12,709)
Available-for-sale	44,121	48,030
Schedule of Held-to-maturity Securities [Line Items]
Debt Securities, Held-to-maturity, Total	1,807	2,008
Held-to-maturity, Gross Unrealized Gains	0	0
Held-to-maturity, Gross Unrealized Losses	(72)	(103)
Held-to-maturity, Fair Value	1,735	1,905
Government National Mortgage Association (GNMA)
Debt Securities, Available-for-sale [Line Items]
Available-for-sale, Amortized Cost	211	280
Available-for-sale, Gross Unrealized Gains	4	4
Available-for-sale, Gross Unrealized Losses	0	(1)
Available-for-sale	215	283
Schedule of Held-to-maturity Securities [Line Items]
Debt Securities, Held-to-maturity, Total	254	292
Held-to-maturity, Gross Unrealized Gains	0	0
Held-to-maturity, Gross Unrealized Losses	(12)	(9)
Held-to-maturity, Fair Value	242	283
Federal Home Loan Mortgage Corporation (FHLMC)
Debt Securities, Available-for-sale [Line Items]
Available-for-sale, Amortized Cost	19,115	20,299
Available-for-sale, Gross Unrealized Gains	0	0
Available-for-sale, Gross Unrealized Losses	(4,383)	(4,501)
Available-for-sale	14,732	15,798
Federal National Mortgage Association (FNMA)
Debt Securities, Available-for-sale [Line Items]
Available-for-sale, Amortized Cost	10,390	10,975
Available-for-sale, Gross Unrealized Gains	0	0
Available-for-sale, Gross Unrealized Losses	(2,340)	(2,339)
Available-for-sale	8,050	8,636
Schedule of Held-to-maturity Securities [Line Items]
Debt Securities, Held-to-maturity, Total	1,553	1,716
Held-to-maturity, Gross Unrealized Gains	0	0
Held-to-maturity, Gross Unrealized Losses	(60)	(94)
Held-to-maturity, Fair Value	1,493	1,622
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale, Amortized Cost	29,716	31,554
Available-for-sale, Gross Unrealized Gains	4	4
Available-for-sale, Gross Unrealized Losses	(6,723)	(6,841)
Available-for-sale	22,997	24,717
US Government Agency Securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale, Amortized Cost	4,460	6,219
Available-for-sale, Gross Unrealized Gains	0	0
Available-for-sale, Gross Unrealized Losses	(22)	(25)
Available-for-sale	4,438	6,194
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Available-for-sale, Amortized Cost	5,263	5,266
Available-for-sale, Gross Unrealized Gains	0	0
Available-for-sale, Gross Unrealized Losses	(2,446)	(2,203)
Available-for-sale	2,817	3,063
Municipal Securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale, Amortized Cost	17,679	17,696
Available-for-sale, Gross Unrealized Gains	0	0
Available-for-sale, Gross Unrealized Losses	(3,810)	(3,640)
Available-for-sale	$ 13,869	$ 14,056

Investment Securities-Schedule

Investment Securities-Schedule of Unrealized Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$ (16)	$ (2)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	3,493	1,273
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(12,985)	(12,707)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	40,413	46,508
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(13,001)	(12,709)
Debt Securities, Available-for-sale, Unrealized Loss Position	43,906	47,781
Schedule of Held-to-maturity Securities [Line Items]
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	0	0
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(72)	(103)
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value	1,705	1,872
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss	(72)	(103)
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value	1,705	1,872
Mortgage-backed securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(6,723)	(6,841)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	22,782	24,468
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(6,723)	(6,841)
Debt Securities, Available-for-sale, Unrealized Loss Position	22,782	24,468
Schedule of Held-to-maturity Securities [Line Items]
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	0	0
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(72)	(103)
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value	1,705	1,872
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss	(72)	(103)
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value	1,705	1,872
US Government Agency Securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(16)	(2)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	3,493	1,273
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(6)	(23)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	945	4,921
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(22)	(25)
Debt Securities, Available-for-sale, Unrealized Loss Position	4,438	6,194
Corporate Bonds
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(2,446)	(2,203)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	2,817	3,063
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(2,446)	(2,203)
Debt Securities, Available-for-sale, Unrealized Loss Position	2,817	3,063
Municipal Securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months	0	0
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(3,810)	(3,640)
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer	13,869	14,056
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	(3,810)	(3,640)
Debt Securities, Available-for-sale, Unrealized Loss Position	$ 13,869	$ 14,056

Investment Securities-Investmen

Investment Securities-Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost	$ 952
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost	4,673
Debt Securities, Available-for-sale, Allocated and Single Maturity Date, Maturity, after 10 Years, Amortized Cost	21,777
Debt Securities, Available-for-sale, Amortized Cost	57,118	$ 60,735
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value	945
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value	3,954
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value	16,225
Available-for-sale	$ 44,121	48,030
Available-for-Sale Securities, Debt Maturities, Weighted Average Yield
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Weighted Average Rate	5.83%
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Weighted Average Rate	2.45%
Available-for-sale Securities, Debt Maturities, after Ten Years, Weighted Average Rate	3.10%
Available-for-sale Securities, Debt Maturities, Weighted Average Rate	2.34%
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount
Held-to-maturity	$ 1,807	2,008
Held-to-maturity Securities, Debt Maturities, Fair Value, Fiscal Year Maturity
Held-to-maturity, Fair Value	$ 1,735	$ 1,905

Loans Receivable and ACL (Detai

Loans Receivable and ACL (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Sep. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		$ 610,877		$ 622,878
Allowance for Credit Loss, Excluding Accrued Interest		6,057	$ 6,242	5,871	$ 5,897	$ 6,007	$ 5,229
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss		$ 604,820		$ 617,007
Percentage of Loan Type		100%		100%
One-to-four family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		$ 76,361		$ 82,787
Allowance for Credit Loss, Excluding Accrued Interest		$ 1,901	2,013	$ 2,005	2,068	2,264	716
Percentage of Loan Type		12.50%		13.30%
Multifamily
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		$ 169,596		$ 177,203
Allowance for Credit Loss, Excluding Accrued Interest		$ 798	759	$ 720	722	721	1,109
Percentage of Loan Type		27.80%		28.40%
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		$ 181,488		$ 175,384
Allowance for Credit Loss, Excluding Accrued Interest		$ 1,338	1,247	$ 1,222	1,211	1,212	1,814
Percentage of Loan Type		29.70%		28.20%
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		$ 4,131		$ 2,203
Allowance for Credit Loss, Excluding Accrued Interest		$ 3	4	$ 1	1	0	0
Percentage of Loan Type		0.60%		0.40%
Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	[1]	$ 163,579		$ 169,602
Allowance for Credit Loss, Excluding Accrued Interest		$ 1,415	1,539	$ 1,415	1,452	1,393	1,139
Percentage of Loan Type	[1]	26.80%		27.20%
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	[2]	$ 15,722		$ 15,699
Allowance for Credit Loss, Excluding Accrued Interest		$ 593	$ 607	$ 450	$ 443	$ 417	$ 449
Percentage of Loan Type	[2]	2.60%		2.50%
[1] (1) Includes PPP loans and business overdrafts Includes personal loans and consumer overdrafts

Allowance for Credit Losses (De

Allowance for Credit Losses (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest		$ 6,057	$ 5,897	$ 6,057	$ 5,897	$ 5,871	$ 6,242	$ 6,007	$ 5,229
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		287	17	642	134	160
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery		6	4	11	57
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)		96	(97)	817	77
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance		6,057	5,897	6,057	5,897	5,871
Allowance for Credit Losses, Collectively Evaluated for Impairment		5,942		5,942		5,863
Allowance for Credit Losses, Individually Evaluated for Impairment		115		115		8
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		610,877		610,877		622,878
Loans Receivable, Collectively Evaluated for Impairment		586,005		586,005		598,413
Loans Receivable, Individually Evaluated for Credit Losses		24,872		24,872		24,465
Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest			668		668
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance			668		668
One-to-four family
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest		1,901	2,068	1,901	2,068	2,005	2,013	2,264	716
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		0	0	0	0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery		0	0	0	0
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)		(112)	(196)	(104)	132
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance		1,901	2,068	1,901	2,068	2,005
Allowance for Credit Losses, Collectively Evaluated for Impairment		1,901		1,901		2,005
Allowance for Credit Losses, Individually Evaluated for Impairment		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		76,361		76,361		82,787
Loans Receivable, Collectively Evaluated for Impairment		74,862		74,862		78,636
Loans Receivable, Individually Evaluated for Credit Losses		1,499		1,499		4,151
One-to-four family | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest			1,220		1,220
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance			1,220		1,220
Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest		798	722	798	722	720	759	721	1,109
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		0	0	0	0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery		0	0	0	0
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)		39	1	78	5
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance		798	722	798	722	720
Allowance for Credit Losses, Collectively Evaluated for Impairment		798		798		720
Allowance for Credit Losses, Individually Evaluated for Impairment		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		169,596		169,596		177,203
Loans Receivable, Collectively Evaluated for Impairment		167,375		167,375		174,718
Loans Receivable, Individually Evaluated for Credit Losses		2,221		2,221		2,485
Multifamily | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest			(392)		(392)
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance			(392)		(392)
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest		1,338	1,211	1,338	1,211	1,222	1,247	1,212	1,814
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		0	0	0	0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery		0	0	0	0
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)		91	(1)	116	(106)
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance		1,338	1,211	1,338	1,211	1,222
Allowance for Credit Losses, Collectively Evaluated for Impairment		1,338		1,338		1,222
Allowance for Credit Losses, Individually Evaluated for Impairment		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		181,488		181,488		175,384
Loans Receivable, Collectively Evaluated for Impairment		173,184		173,184		170,862
Loans Receivable, Individually Evaluated for Credit Losses		8,304		8,304		4,522
Commercial real estate | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest			(497)		(497)
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance			(497)		(497)
Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest		3	1	3	1	1	4	0	0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		0	0	0	0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery		0	0	0	0
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)		(1)	1	2	1
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance		3	1	3	1	1
Allowance for Credit Losses, Collectively Evaluated for Impairment		3		3		1
Allowance for Credit Losses, Individually Evaluated for Impairment		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		4,131		4,131		2,203
Loans Receivable, Collectively Evaluated for Impairment		4,131		4,131		2,203
Loans Receivable, Individually Evaluated for Credit Losses		0		0		0
Construction | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance
Business
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest		1,415	1,452	1,415	1,452	1,415	1,539	1,393	1,139
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		61	0	289	0	10
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery		2	2	6	52
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)		(65)	57	283	(244)
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance		1,415	1,452	1,415	1,452	1,415
Allowance for Credit Losses, Collectively Evaluated for Impairment		1,414		1,414		1,408
Allowance for Credit Losses, Individually Evaluated for Impairment		1		1		7
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	[1]	163,579		163,579		169,602
Loans Receivable, Collectively Evaluated for Impairment		150,825		150,825		156,340
Loans Receivable, Individually Evaluated for Credit Losses		12,754		12,754		13,262
Business | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest			505		505
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance			505		505
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest		593	443	593	443	450	607	417	449
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		226	17	353	134
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery		4	2	5	5
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)		208	41	491	289
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance		593	443	593	443	450
Allowance for Credit Losses, Collectively Evaluated for Impairment		479		479		449
Allowance for Credit Losses, Individually Evaluated for Impairment		114		114		1
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	[2]	15,722		15,722		15,699
Loans Receivable, Collectively Evaluated for Impairment		15,628		15,628		15,654
Loans Receivable, Individually Evaluated for Credit Losses		94		94		45
Consumer | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest			(166)		(166)
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance			(166)		(166)
Unallocated
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest		9	0	9	0	58	$ 73	$ 0	$ 2
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		0	0	0	0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Recovery		0	0	0	0
Financing Receivable, Excluding Accrued Interest, Credit Loss Expense (Reversal)		(64)	0	(49)	0
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance		9	0	9	0	58
Allowance for Credit Losses, Collectively Evaluated for Impairment		9		9		58
Allowance for Credit Losses, Individually Evaluated for Impairment		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Loans Receivable, Collectively Evaluated for Impairment		0		0		0
Loans Receivable, Individually Evaluated for Credit Losses		$ 0		$ 0		$ 0
Unallocated | Cumulative Effect, Period of Adoption, Adjustment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Allowance for Credit Loss, Excluding Accrued Interest			(2)		(2)
Allowance for Credit Loss, Excluding Accrued Interest, Ending Balance			$ (2)		$ (2)
[1] (1) Includes PPP loans and business overdrafts Includes personal loans and consumer overdrafts

Nonaccrual Loans (Details)

Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Financing Receivable, Past Due [Line Items]
FinancingReceivableNonaccrualWithAllowance	$ 98	$ 144
Nonperforming
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance	22,713	11,631
Financing Receivable, Nonaccrual	22,811	11,775
One-to-four family | Nonperforming
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance	1,874	3,554
FinancingReceivableNonaccrualWithAllowance	0	0
Financing Receivable, Nonaccrual	1,874	3,554
Multifamily | Nonperforming
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance	2,249	2,238
FinancingReceivableNonaccrualWithAllowance	0	0
Financing Receivable, Nonaccrual	2,249	2,238
Commercial real estate | Nonperforming
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance	6,104	4,522
FinancingReceivableNonaccrualWithAllowance	0	0
Financing Receivable, Nonaccrual	6,104	4,522
Business | Nonperforming
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance	12,486	1,317
FinancingReceivableNonaccrualWithAllowance	0	100
Financing Receivable, Nonaccrual	12,486	1,417
Consumer | Nonperforming
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance	0	0
FinancingReceivableNonaccrualWithAllowance	98	44
Financing Receivable, Nonaccrual	$ 98	$ 44

Credit Quality Indicators (Deta

Credit Quality Indicators (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2024
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		$ 44,168		$ 44,168		$ 12,483
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		89,301		89,301		93,349
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		122,182		122,182		129,844
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		134,310		134,310		150,116
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		56,479		56,479		58,473
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		164,437		164,437		178,613
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		610,877		610,877		622,878
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		287	$ 17	642	$ 134	160
Multifamily
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		1,723		1,723		980
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		6,528		6,528		6,587
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		51,386		51,386		53,516
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		48,817		48,817		52,229
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		27,887		27,887		29,237
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		33,255		33,255		34,654
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		169,596		169,596		177,203
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		0	0	0	0
Multifamily | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		1,723		1,723		980
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		6,528		6,528		6,587
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		51,386		51,386		53,516
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		47,350		47,350		50,778
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		27,133		27,133		28,483
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		33,255		33,255		34,374
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		167,375		167,375		174,718
Multifamily | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Multifamily | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		1,467		1,467		1,451
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		754		754		754
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		280
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		2,221		2,221		2,485
Multifamily | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Multifamily | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		12,948		12,948		2,450
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		28,898		28,898		29,064
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		30,848		30,848		31,313
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		27,187		27,187		27,635
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		16,592		16,592		16,951
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		65,015		65,015		67,971
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		181,488		181,488		175,384
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		0	0	0	0
Commercial real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		12,948		12,948		2,450
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		28,898		28,898		29,064
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		30,848		30,848		31,313
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		23,405		23,405		27,635
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		16,592		16,592		16,951
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		59,841		59,841		62,775
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		172,532		172,532		170,188
Commercial real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		652		652		674
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		652		652		674
Commercial real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		3,782		3,782		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		4,522		4,522		4,522
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		8,304		8,304		4,522
Commercial real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Commercial real estate | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Construction
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		4,131		4,131		2,203
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		4,131		4,131		2,203
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		0	0	0	0
Construction | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		4,131		4,131		2,203
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		4,131		4,131		2,203
Construction | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Construction | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Construction | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Construction | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Business
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		24,477		24,477		7,050
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		19,173		19,173		21,315
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		35,787		35,787		40,614
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		45,029		45,029		56,826
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		10,599		10,599		10,845
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		28,514		28,514		32,952
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	[1]	163,579		163,579		169,602
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				160
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff				129		10
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		61	0	289	0	10
Business | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		24,477		24,477		7,050
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		19,121		19,121		21,315
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		27,836		27,836		32,675
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		40,718		40,718		52,839
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		10,599		10,599		10,845
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		28,074		28,074		32,587
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		150,825		150,825		157,311
Business | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Business | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		52		52		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		7,951		7,951		7,939
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		4,311		4,311		3,987
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		440		440		365
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		12,754		12,754		12,291
Business | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
Business | Loss
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		0		0		0
One-to-four family
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		21,314		21,314		22,247
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		3,779		3,779		3,830
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		13,277		13,277		13,422
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		1,400		1,400		1,424
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		36,591		36,591		41,864
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		76,361		76,361		82,787
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		0	0	0	0
One-to-four family | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		21,314		21,314		22,247
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		3,779		3,779		3,830
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		13,277		13,277		13,422
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		1,400		1,400		1,424
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		35,092		35,092		39,002
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		74,862		74,862		79,925
One-to-four family | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		0		0		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		1,499		1,499		2,862
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		1,499		1,499		2,862
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		5,020		5,020		2,003
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		9,257		9,257		11,933
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		382		382		571
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		4
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		1		1		16
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		1,062		1,062		1,172
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	[2]	15,722		15,722		15,699
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff				48
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff				186		18
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff				5		1
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff				5
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff				109		141
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff		226	$ 17	353	$ 134
Consumer | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		4,981		4,981		2,003
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		9,202		9,202		11,891
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		382		382		570
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		4
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		1		1		16
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		1,062		1,062		1,172
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		15,628		15,628		15,656
Consumer | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Year One, Originated, Current Fiscal Year		39		39		0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year		55		55		42
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year		0		0		1
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year		0		0		0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year		0		0		0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year		0		0		0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		$ 94		$ 94		$ 43
[1] (1) Includes PPP loans and business overdrafts Includes personal loans and consumer overdrafts

Past Due Financing Receivables

Past Due Financing Receivables (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Mar. 31, 2024
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		$ 610,877	$ 622,878
Financing Receivables, 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		8,683	2,274
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		8	268
Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		21,945	21,795
Financial Asset, Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		30,636	24,337
Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		580,241	598,541
One-to-four family
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		76,361	82,787
One-to-four family | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		222	164
One-to-four family | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
One-to-four family | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		1,313	2,859
One-to-four family | Financial Asset, Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		1,535	3,023
One-to-four family | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		74,826	79,764
Multifamily
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		169,596	177,203
Multifamily | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		1,457	0
Multifamily | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Multifamily | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		2,221	2,205
Multifamily | Financial Asset, Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		3,678	2,205
Multifamily | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		165,918	174,998
Commercial real estate
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		181,488	175,384
Commercial real estate | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		3,520	0
Commercial real estate | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Commercial real estate | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		6,104	4,660
Commercial real estate | Financial Asset, Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		9,624	4,660
Commercial real estate | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		171,864	170,724
Construction
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss		4,131	2,203
Construction | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Construction | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Construction | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Construction | Financial Asset, Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	0
Construction | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		4,131	2,203
Business
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	[1]	163,579	169,602
Business | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		3,339	1,959
Business | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		0	214
Business | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		12,213	12,071
Business | Financial Asset, Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		15,552	14,244
Business | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		148,027	155,358
Consumer
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	[2]	15,722	15,699
Consumer | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		145	151
Consumer | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		8	54
Consumer | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		94	0
Consumer | Financial Asset, Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		247	205
Consumer | Financial Asset, Not Past Due
Financing Receivable, Past Due [Line Items]
Financing Receivable, before Allowance for Credit Loss		$ 15,475	$ 15,494
[1] (1) Includes PPP loans and business overdrafts Includes personal loans and consumer overdrafts

Collateral Dependent Loans (Det

Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Financing Receivable, Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	$ 115	$ 8
Loans Receivable, Individually Evaluated for Credit Losses	24,872	24,465
Real Estate
Financing Receivable, Impaired [Line Items]
Loans Receivable, Individually Evaluated for Credit Losses	24,639	23,354
Accounts Receivable
Financing Receivable, Impaired [Line Items]
Loans Receivable, Individually Evaluated for Credit Losses	233	1,111
One-to-four family
Financing Receivable, Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	0	0
Loans Receivable, Individually Evaluated for Credit Losses	1,499	4,151
One-to-four family | Real Estate
Financing Receivable, Impaired [Line Items]
Loans Receivable, Individually Evaluated for Credit Losses	1,499	4,151
Multifamily
Financing Receivable, Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	0	0
Loans Receivable, Individually Evaluated for Credit Losses	2,221	2,485
Multifamily | Real Estate
Financing Receivable, Impaired [Line Items]
Loans Receivable, Individually Evaluated for Credit Losses	2,221	2,485
Commercial real estate
Financing Receivable, Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	0	0
Loans Receivable, Individually Evaluated for Credit Losses	8,304	4,522
Commercial real estate | Real Estate
Financing Receivable, Impaired [Line Items]
Loans Receivable, Individually Evaluated for Credit Losses	8,304	4,522
Business
Financing Receivable, Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	1	7
Loans Receivable, Individually Evaluated for Credit Losses	12,754	13,262
Business | Real Estate
Financing Receivable, Impaired [Line Items]
Loans Receivable, Individually Evaluated for Credit Losses	12,615	12,196
Business | Accounts Receivable
Financing Receivable, Impaired [Line Items]
Loans Receivable, Individually Evaluated for Credit Losses	139	1,066
Consumer
Financing Receivable, Impaired [Line Items]
Allowance for Credit Losses, Individually Evaluated for Impairment	114	1
Loans Receivable, Individually Evaluated for Credit Losses	94	45
Consumer | Accounts Receivable
Financing Receivable, Impaired [Line Items]
Loans Receivable, Individually Evaluated for Credit Losses	$ 94	$ 45

Loans Receivable and ACL Text T

Loans Receivable and ACL Text Tags (Details)	9 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2022 USD ($)
Loans and Leases Receivable Disclosure [Abstract]
Unamortized premiums, deferred costs and fees, net	$ (2,600,000)		$ (2,900,000)
Number of Loans Originated Under the Paycheck Protection Program				420
Loans Originated Under the Paycheck Protection Program, Amount				$ 57,100,000
Financing Receivable, Nonaccrual, Interest Income	0
Other Real Estate Owned	$ 52,000		$ 52,000
Number of Real Estate Properties	1		1
Financing Receivable, Held-for-Sale	$ 0		$ 0
Financing Receivable, Modified, Subsequent Default	0	$ 0
Loans and Leases Receivable, Related Parties	$ 0
Financing Receivable, Modified [Line Items]
Financing Receivable, Modifications, Number of Contracts	0	0
Financing Receivable, Modified, Accumulated	$ 6,000,000
Nonperforming
Financing Receivable, Modified [Line Items]
Financing Receivable, Modified, Accumulated	$ 348,000
Performing
Financing Receivable, Modified [Line Items]
Financing Receivable, Modifications, Number of Contracts	3
Financing Receivable, Modified, Accumulated	$ 5,700,000
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Purchase	$ 3,800,000

Commitment and Contingencies (D

Commitment and Contingencies (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Other Commitments [Line Items]
Lines of Credit	$ 3,501	$ 4,268
Letters of Credit Outstanding, Amount	412	0
Commitment to fund private equity investment	835	650
Contractual Obligation	$ 4,748	$ 4,918

Commitment and Contingencies Te

Commitment and Contingencies Text Tags (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Off-Balance-Sheet, Credit Loss, Liability	$ 9

Fair Value, Assets Measured on

Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage servicing rights	$ 134	$ 140
Securities Available-for-Sale	44,121	48,030
Assets, Fair Value Disclosure	44,255	48,170
Fair Value, Measurements, Recurring | Government National Mortgage Association (GNMA)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	215	283
Fair Value, Measurements, Recurring | Federal Home Loan Mortgage Corporation (FHLMC)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	14,732	15,798
Fair Value, Measurements, Recurring | Federal National Mortgage Association (FNMA)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	8,050	8,636
Fair Value, Measurements, Recurring | US Government Agency Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	4,438	6,194
Fair Value, Measurements, Recurring | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	2,817	3,063
Fair Value, Measurements, Recurring | Municipal Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	13,869	14,056
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage servicing rights	0	0
Securities Available-for-Sale	0	0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage servicing rights	0	0
Securities Available-for-Sale	0	0
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Government National Mortgage Association (GNMA)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Federal Home Loan Mortgage Corporation (FHLMC)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Federal National Mortgage Association (FNMA)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | US Government Agency Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	0	0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	0	0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Municipal Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	0	0
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage servicing rights	0	0
Securities Available-for-Sale	44,121	48,030
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage servicing rights	0	0
Securities Available-for-Sale	44,121	48,030
Assets, Fair Value Disclosure	44,121	48,030
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Government National Mortgage Association (GNMA)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	215	283
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Federal Home Loan Mortgage Corporation (FHLMC)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	14,732	15,798
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Federal National Mortgage Association (FNMA)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	8,050	8,636
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | US Government Agency Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	4,438	6,194
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	2,817	3,063
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Municipal Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	13,869	14,056
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage servicing rights	134	140
Securities Available-for-Sale	0	0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage servicing rights	134	140
Securities Available-for-Sale	0	0
Assets, Fair Value Disclosure	134	140
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Government National Mortgage Association (GNMA)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Federal Home Loan Mortgage Corporation (FHLMC)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Federal National Mortgage Association (FNMA)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | US Government Agency Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	0	0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	0	0
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Municipal Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	$ 0	$ 0

Fair Value Measurements Text Ta

Fair Value Measurements Text Tag (Details) $ in Thousands	9 Months Ended
	Dec. 31, 2024 USD ($)	Mar. 31, 2024 USD ($)
Fair Value Disclosures [Abstract]
Percent of Total Assets Level 3	0.02%
Transfers between level 1 and level 2	0
Mortgage Loans in Process of Foreclosure, Amount	$ 13,900	$ 15,200

Fair Value, Assets Measured o_2

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - Fair Value, Measurements, Recurring - Fair Value, Inputs, Level 3 - Other Assets - USD ($)	9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss)	$ (5,000)	$ (9,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value - Beginning	140,000	152,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(6,000)	(10,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Issuances	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value - Ending	$ 134,000	$ 142,000

Fair Value, Assets Measured o_3

Fair Value, Assets Measured on Recurring Basis, Valuation Techniques (Details) $ in Thousands	Dec. 31, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)
Valuation Technique, Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage servicing rights	$ 134	$ 140
Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage servicing rights	134	140
Fair Value, Measurements, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage servicing rights	134	140
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Mortgage servicing rights	134	140
Fair Value, Measurements, Recurring | Other Assets | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 134	$ 140	$ 142	$ 152
Measurement Input, Constant Prepayment Rate | Fair Value, Measurements, Recurring | Other Assets | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Servicing Asset, Measurement Input	0.064	0.064

Fair Value Measurements, Nonrec

Fair Value Measurements, Nonrecurring (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned	$ 52	$ 52
Fair Value, Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned	52	52
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned	0	0
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned	$ 0	$ 0

Fair Value, Assets Measured o_4

Fair Value, Assets Measured on Nonrecurring Basis, Valuation Techniques (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other Real Estate Owned	$ 52	$ 52
Fair Value, Measurements, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other Real Estate Owned	52	52
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 3 | Valuation, Market Approach
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other Real Estate Owned	$ 52	$ 52

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Financial Assets:
Held-to-maturity, Fair Value	$ 1,735	$ 1,905
Fair Value, Inputs, Level 1
Financial Assets:
Cash and cash equivalents	49,959	59,025
Securities Available-for-Sale	0	0
Held-to-maturity, Fair Value	0	0
Loans Receivable	0	0
Accrued interest receivable	0	0
Mortgage servicing rights	0	0
Financial Liabilities:
Deposits	399,788	420,663
Advances from FHLB of New York	0	0
Other borrowed money	0	0
Accrued interest payable	0	0
Fair Value, Inputs, Level 2
Financial Assets:
Cash and cash equivalents	0	0
Securities Available-for-Sale	44,121	48,030
Held-to-maturity, Fair Value	1,735	1,905
Loans Receivable	0	0
Accrued interest receivable	2,466	3,662
Mortgage servicing rights	0	0
Financial Liabilities:
Deposits	235,531	222,168
Advances from FHLB of New York	19,864	27,920
Other borrowed money	17,815	17,623
Accrued interest payable	986	1,128
Fair Value, Inputs, Level 3
Financial Assets:
Cash and cash equivalents	0	0
Securities Available-for-Sale	0	0
Held-to-maturity, Fair Value	0	0
Loans Receivable	584,837	593,484
Accrued interest receivable	0	0
Mortgage servicing rights	134	140
Financial Liabilities:
Deposits	0	0
Advances from FHLB of New York	0	0
Other borrowed money	0	0
Accrued interest payable	0	0
Reported Value Measurement
Financial Assets:
Cash and cash equivalents	49,959	59,025
Securities Available-for-Sale	44,121	48,030
Held-to-maturity, Fair Value	1,807	2,008
Loans Receivable	604,820	617,007
Accrued interest receivable	2,466	3,662
Financial Liabilities:
Deposits	636,939	646,999
Advances from FHLB of New York	19,841	28,027
Other borrowed money	18,403	18,403
Accrued interest payable	986	1,128
Estimate of Fair Value Measurement
Financial Assets:
Cash and cash equivalents	49,959	59,025
Securities Available-for-Sale	44,121	48,030
Held-to-maturity, Fair Value	1,735	1,905
Loans Receivable	584,837	593,484
Accrued interest receivable	2,466	3,662
Mortgage servicing rights	134	140
Financial Liabilities:
Deposits	635,319	642,831
Advances from FHLB of New York	19,864	27,920
Other borrowed money	17,815	17,623
Accrued interest payable	$ 986	$ 1,128

Non-interest Revenue (Details)

Non-interest Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 953	$ 731	$ 2,241	$ 2,184
Revenue Not from Contract with Customer	34	1,804	35	2,569
Noninterest income	987	2,535	2,276	4,753
Depository fees and charges
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	644	543	1,726	1,678
Loan fees and service charges
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	203	97	220	270
Other noninterest income
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer	$ 106	$ 91	$ 295	$ 236

Other Non-interest Revenue and

Other Non-interest Revenue and Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Noninterest Income, Other [Abstract]
Empowering change program fees	$ 98	$ 84	$ 270	$ 211
Bank Owned Life Insurance Income	59	338	138	420
Other	(32)	68	(10)	84
Total non-interest income	125	490	398	715
Noninterest Expense [Abstract]
Advertising	219	68	373	302
Legal expense	321	88	645	428
Insurance and surety	246	320	821	938
Audit expense	167	165	500	496
Data lines / internet	100	100	314	310
Security services	154	15	335	41
Loan expense	155	39	159	73
Retail expenses	262	285	719	855
Operating charge-offs and other losses	21	154	67	293
Investor relations	179	0	179	39
Director's fees	105	135	315	346
Other	619	634	1,730	1,816
Total non-interest expense	$ 2,548	$ 2,003	$ 6,157	$ 5,937

Leases Text Tags (Details)

Leases Text Tags (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Leases [Abstract]
Right-of-use assets	$ 8,884	$ 9,844
Operating lease liability	9,539	$ 10,616
Finance Lease, Right-of-Use Asset	36
Finance Lease, Liability	$ 37

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2024
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	3 years 9 months 18 days		3 years 9 months 18 days		4 years 3 months 18 days
Finance Lease, Weighted Average Remaining Lease Term	1 year 7 months 6 days		1 year 7 months 6 days		2 years 7 months 6 days
Operating Lease, Weighted Average Discount Rate, Percent	3.34%		3.34%		3.05%
Finance Lease, Weighted Average Discount Rate, Percent	4.93%		4.93%		4.32%
Operating Lease, Expense	$ 711	$ 692	$ 2,089	$ 2,076
Finance Lease, Right-of-Use Asset, Amortization	11	16	36	81
Finance Lease, Interest Expense	1	1	2	5
Operating Lease, Payments	736	711	2,206	2,133
Finance Lease, Payments	$ 9	$ 12	$ 36	$ 74

Leases-Lease Liability, Maturit

Leases-Lease Liability, Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	$ 747
Lessee, Operating Lease, Liability, Payments, Due Year Two	2,915
Lessee, Operating Lease, Liability, Payments, Due Year Three	2,583
Lessee, Operating Lease, Liability, Payments, Due Year Four	2,411
Lessee, Operating Lease, Liability, Payments, Due Year Five	1,326
Lessee, Operating Lease, Liability, Payments, Due after Year Five	214
Lessee, Operating Lease, Liability, Payments, Due	10,196
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(657)
Operating lease liability	9,539	$ 10,616
Finance Lease, Liability, Payment, Due [Abstract]
Finance Lease, Liability, Payments, Due Next Twelve Months	12
Finance Lease, Liability, Payments, Due Year Two	26
Finance Lease, Liability, Payments, Due Year Three	0
Finance Lease, Liability, Payments, Due Year Four	0
Finance Lease, Liability, Payments, Due Year Five	0
Finance Lease, Liability, Payments, Due after Year Five	0
Finance Lease, Liability, Payment, Due	38
Finance Lease, Liability, Undiscounted Excess Amount	(1)
Finance Lease, Liability	$ 37