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8. Real Estate Owned: Real Estate Owned Policy (Policies) | 12 Months Ended
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Mar. 31, 2013
Policies |
Real Estate Owned Policy | REO expenses for the year ended March 31, 2013 consisted of write-downs on existing REO properties of $5.0 million and operating expenses of $807,000. Net losses on dispositions of REO totaled $384,000 for the year ended March 31, 2013, and were included in other non-interest income in the accompanying Consolidated Statements of Operations. REO expenses for the year ended March 31, 2012 consisted of write-downs on existing REO properties of $4.2 million, operating expenses of $859,000 and net losses on dispositions of REO totaled $556,000. REO expenses for the year ended March 31, 2011 consisted of write-downs on existing REO properties of $924,000, operating expenses of $893,000 and net gains on dispositions of REO of $386,000.

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