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LOANS RECEIVABLE (Tables)
6 Months Ended
Sep. 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):

 

 

 

 

 

 

 

 

 

    

September 30, 

    

March 31, 

 

 

2020

 

2020

Commercial and construction

 

 

  

 

 

  

Commercial business(1)

 

$

281,670

 

$

179,029

Commercial real estate

 

 

525,977

 

 

507,871

Land

 

 

14,531

 

 

14,026

Multi-family

 

 

49,878

 

 

58,374

Real estate construction

 

 

28,308

 

 

64,843

Total commercial and construction

 

 

900,364

 

 

824,143

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

Real estate one-to-four family

 

 

71,940

 

 

83,150

Other installment

 

 

2,870

 

 

4,216

Total consumer

 

 

74,810

 

 

87,366

 

 

 

 

 

 

 

Total loans

 

 

975,174

 

 

911,509

Less: Allowance for loan losses

 

 

18,866

 

 

12,624

Loans receivable, net

 

$

956,308

 

$

898,885


(1) SBA PPP loans totaled $110.8 million and none at September 30, 2020 and March 31, 2020, respectively.