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LOANS RECEIVABLE (Tables)
3 Months Ended
Jun. 30, 2020
LOANS RECEIVABLE  
Schedule of loans and financing receivable

Loans receivable, excluding loans held for sale, consisted of the following at the dates indicated (in thousands):

 

 

 

 

 

 

 

 

 

    

June 30, 

    

March 31, 

 

 

2020

 

2020

Commercial and construction

 

 

  

 

 

  

Commercial business(1)

 

$

281,832

 

$

179,029

Commercial real estate

 

 

527,576

 

 

507,871

Land

 

 

14,404

 

 

14,026

Multi-family

 

 

58,113

 

 

58,374

Real estate construction

 

 

37,824

 

 

64,843

Total commercial and construction

 

 

919,749

 

 

824,143

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

Real estate one-to-four family

 

 

79,582

 

 

83,150

Other installment

 

 

3,389

 

 

4,216

Total consumer

 

 

82,971

 

 

87,366

 

 

 

 

 

 

 

Total loans

 

 

1,002,720

 

 

911,509

Less: Allowance for loan losses

 

 

17,076

 

 

12,624

Loans receivable, net

 

$

985,644

 

$

898,885


(1) SBA PPP loans totaled $110.3 million and none at June 30, 2020 and March 31, 2020, respectively.