Investment Securities (Tables)

9 Months Ended

Dec. 31, 2024

Schedule of amortized cost and fair values, together with gross unrealized gains and losses on securities

The amortized cost and fair values, together with gross unrealized gains and losses on securities are as follows:


			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Available-for-sale Securities:
December 31, 2024
U.S. Government agencies	$	3,250,839	$	—	$	(572,034)	$	2,678,805
Mortgage-backed Government Sponsored Enterprises (GSEs)		11,759,060		—		(2,118,105)		9,640,955
State and political subdivisions		12,904,817		—		(2,695,747)		10,209,070
Time deposits		746,916		—		(71,532)		675,384
	$	28,661,632	$		$	(5,457,418)	$	23,204,214


			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
Available-for-sale Securities:
March 31, 2024
U.S. Government agencies	$	3,250,909	$	—	$	(590,612)	$	2,660,297
Mortgage-backed Government Sponsored Enterprises (GSEs)		12,949,053		—		(2,231,211)		10,717,842
State and political subdivisions		13,244,761		—		(2,587,679)		10,657,082
Time deposits		1,246,762		—		(100,622)		1,146,140

	$	30,691,485	$	—	$	(5,510,124)	$	25,181,361

Schedule of investments by contractual maturity

The amortized cost and fair value of available-for-sale securities at December 31, 2024, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties:


	Amortized		Fair
	Cost		Value
December 31, 2024
Within one year	$	—	$	—
One to five years		1,047,859		943,685
Five to ten years		5,108,060		4,330,393
After ten years		10,746,653		8,289,181
		16,902,572		13,563,259
Mortgage-backed GSEs		11,759,060		9,640,955

Totals	$	28,661,632	$	23,204,214

Schedule of the number of securities and aggregate fair value depreciation

The following table shows the number of securities and aggregate fair value depreciation at December 31, 2024 and March 31, 2024.


	December 31, 2024			March 31, 2024
	Number of	Aggregate		Number of	Aggregate
Description of Securities	securities	Depreciation		securities	Depreciation
Available for sale
U.S. Government agencies	9	(17.6)	%	9	(18.2)	%
Mortgage-backed Government Sponsored Enterprises (GSEs)	41	(18.0)	%	42	(17.2)	%
State and political subdivisions	34	(20.9)	%	35	(19.5)	%
Time deposits	3	(9.6)	%	5	(8.1)	%

Total portfolio	87	(19.0)	%	91	(18.0)	%

Schedule of unrealized loss positions of available for sale securities

The following tables show the Company’s investments’ gross unrealized losses and fair value of the Company’s investments with unrealized losses, aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position at December 31, 2024 and March 31, 2024.


	December 31, 2024
	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Losses		Value		Losses		Value		Losses
Available for sale
U.S. Government agencies	$	—	$	—	$	2,678,805	$	(572,034)	$	2,678,805	$	(572,034)
Mortgage-backed Government Sponsored Enterprises (GSEs)		—		—		9,640,955		(2,118,105)		9,640,955		(2,118,105)
State and political subdivisions		—		—		10,209,070		(2,695,747)		10,209,070		(2,695,747)
Time deposits		—		—		675,384		(71,532)		675,384		(71,532)

Total portfolio	$	—	$	—	$	23,204,214	$	(5,457,418)	$	23,204,214	$	(5,457,418)


	March 31, 2024
	Less than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Losses		Value		Losses		Value		Losses
Available for sale
U.S. Government agencies	$	—	$	—	$	2,660,297	$	(590,612)	$	2,660,297	$	(590,612)
Mortgage-backed Government Sponsored Enterprises (GSEs)		—		—		10,717,842		(2,231,211)		10,717,842		(2,231,211)
State and political subdivisions		—		—		10,657,082		(2,587,679)		10,657,082		(2,587,679)
Time deposits		—		—		1,146,140		(100,622)		1,146,140		(100,622)

Total portfolio	$	—	$	—	$	25,181,361	$	(5,510,124)	$	25,181,361	$	(5,510,124)

Monroe Federal Bancorp, Inc. 10-Q