Commitments and Contingencies (Tables)

12 Months Ended

Mar. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

The following table reflects the Bank's outstanding commitments as of March 31:


$ in thousands	2025		2024


Lines of credit	$	3,208	$	4,268
Letters of credit	412		—
Commitment to fund private equity investment	763		650
	$	4,383	$	4,918

Pending Repurchase Requests

The following table presents information on open requests from FNMA. The amounts presented are based on outstanding loan principal balances.


$ in thousands	Loans sold to FNMA
Open claims as of March 31, 2024 (1)	$	1,367
Gross new demands received	—
Loans repurchased/made whole	—
Demands rescinded	—
Advances on open claims	—
Principal payments received on open claims	(17)
Open claims as of March 31, 2025 (1)	$	1,350

(1)The open claims include all open requests received by the Bank where either FNMA has requested loan files for review, where FNMA has not formally rescinded the repurchase request or where the Bank has not agreed to repurchase the loan. The amounts reflected in this table are the unpaid principal balance and do not incorporate any losses the Bank would incur upon the repurchase of these loans.

Representation and warranty reserves

The table below summarizes changes in our representation and warranty reserves during fiscal 2025.


$ in thousands	March 31, 2025
Representation and warranty repurchase reserve, March 31, 2024 (1)	$	86
Net adjustment to reserve for repurchase losses (2)	(6)

Representation and warranty repurchase reserve, March 31, 2025 (1)	$	80

(1) Reported in consolidated statements of financial condition as a component of other liabilities.

(2) Component of other non-interest expense.

CARVER BANCORP INC 10-K