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ALLOWANCE FOR LOAN LOSSES (Tables)

6 Months Ended

Sep. 30, 2020

ALLOWANCE FOR LOAN LOSSES

Schedule of reconciliation of the allowance for loan losses

The following tables present a reconciliation of the allowance for loan losses for the periods indicated (in thousands):

Three months ended		Commercial			Commercial						Multi-			Real Estate
September 30, 2020		Business			Real Estate			Land			Family			Construction			Consumer			Unallocated			Total
Beginning balance		$	2,011		$	11,323		$	243		$	879		$	692		$	1,281		$	647		$	17,076
Provision for (recapture of) loan losses			169			1,886			2			(134)			28			(116)			(35)			1,800
Charge-offs			—			—			—			—			—			(23)			—			(23)
Recoveries			—			—			—			—			—			13			—			13
Ending balance		$	2,180		$	13,209		$	245		$	745		$	720		$	1,155		$	612		$	18,866

Six months ended		Commercial			Commercial						Multi-			Real Estate
September 30, 2020		Business			Real Estate			Land			Family			Construction			Consumer			Unallocated			Total
Beginning balance		$	2,008		$	6,421		$	230		$	854		$	1,149		$	1,363		$	599		$	12,624
Provision for (recapture of) loan losses			162			6,788			15			(109)			(429)			(140)			13			6,300
Charge-offs			—			—			—			—			—			(88)			—			(88)
Recoveries			10			—			—			—			—			20			—			30
Ending balance		$	2,180		$	13,209		$	245		$	745		$	720		$	1,155		$	612		$	18,866

Three months ended
September 30, 2019
Beginning balance		$	2,113		$	4,889		$	244		$	699		$	1,506		$	1,346		$	645		$	11,442
Provision for (recapture of) loan losses			(62)			149			(25)			80			(125)			7			(24)			—
Charge-offs			—			—			—			—			—			(13)			—			(13)
Recoveries			—			—			—			—			—			7			—			7
Ending balance		$	2,051		$	5,038		$	219		$	779		$	1,381		$	1,347		$	621		$	11,436

Six months ended
September 30, 2019
Beginning balance		$	1,808		$	5,053		$	254		$	728		$	1,457		$	1,447		$	710		$	11,457
Provision for (recapture of) loan losses			246			(15)			(35)			51			(76)			(82)			(89)			—
Charge-offs			(3)			—			—			—			—			(54)			—			(57)
Recoveries			—			—			—			—			—			36			—			36
Ending balance		$	2,051		$	5,038		$	219		$	779		$	1,381		$	1,347		$	621		$	11,436

Schedule of impaired financing receivables

The following tables present an analysis of loans receivable and the allowance for loan losses, based on impairment methodology, at the dates indicated (in thousands):

		Allowance for Loan Losses									Recorded Investment in Loans
		Individually			Collectively						Individually			Collectively
		Evaluated for			Evaluated for						Evaluated for			Evaluated for
September 30, 2020		Impairment			Impairment			Total			Impairment			Impairment			Total
Commercial business		$	—		$	2,180		$	2,180		$	129		$	281,541		$	281,670
Commercial real estate			—			13,209			13,209			2,349			523,628			525,977
Land			—			245			245			714			13,817			14,531
Multi-family			—			745			745			1,553			48,325			49,878
Real estate construction			—			720			720			—			28,308			28,308
Consumer			10			1,145			1,155			546			74,264			74,810
Unallocated			—			612			612			—			—			—
Total		$	10		$	18,856		$	18,866		$	5,291		$	969,883		$	975,174
March 31, 2020
Commercial business		$	—		$	2,008		$	2,008		$	139		$	178,890		$	179,029
Commercial real estate			—			6,421			6,421			2,378			505,493			507,871
Land			—			230			230			714			13,312			14,026
Multi-family			—			854			854			1,549			56,825			58,374
Real estate construction			—			1,149			1,149			—			64,843			64,843
Consumer			12			1,351			1,363			432			86,934			87,366
Unallocated			—			599			599			—			—			—
Total		$	12		$	12,612		$	12,624		$	5,212		$	906,297		$	911,509

Schedule of analysis of loans by aging category

The following tables present an analysis of loans by aging category at the dates indicated (in thousands):

					90 Days and						Total Past
		30‑89 Days			Greater						Due and						Total Loans
September 30, 2020		Past Due			Past Due			Non-accrual			Non- accrual			Current			Receivable
Commercial business		$	—		$	—		$	191		$	191		$	281,479		$	281,670
Commercial real estate			—			—			1,005			1,005			524,972			525,977
Land			—			—			—			—			14,531			14,531
Multi-family			—			—			—			—			49,878			49,878
Real estate construction			—			—			—			—			28,308			28,308
Consumer			193			—			79			272			74,538			74,810
Total		$	193		$	—		$	1,275		$	1,468		$	973,706		$	975,174

March 31, 2020
Commercial business		$	—		$	—		$	201		$	201		$	178,828		$	179,029
Commercial real estate			—			—			1,014			1,014			506,857			507,871
Land			—			—			—			—			14,026			14,026
Multi-family			—			—			—			—			58,374			58,374
Real estate construction			—			—			—			—			64,843			64,843
Consumer			271			—			180			451			86,915			87,366
Total		$	271		$	—		$	1,395		$	1,666		$	909,843		$	911,509

Schedule of credit quality indicators

The following tables present an analysis of loans by credit quality indicators at the dates indicated (in thousands):

					Special												Total Loans
September 30, 2020		Pass			Mention			Substandard			Doubtful			Loss			Receivable
Commercial business		$	281,036		$	443		$	191		$	—		$	—		$	281,670
Commercial real estate			485,377			36,030			4,570			—			—			525,977
Land			14,531			—			—			—			—			14,531
Multi-family			49,804			41			33			—			—			49,878
Real estate construction			25,755			2,553			—			—			—			28,308
Consumer			74,731			—			79			—			—			74,810
Total		$	931,234		$	39,067		$	4,873		$	—		$	—		$	975,174

March 31, 2020
Commercial business		$	177,399		$	1,282		$	348		$	—		$	—		$	179,029
Commercial real estate			506,794			63			1,014			—			—			507,871
Land			14,026			—			—			—			—			14,026
Multi-family			58,295			45			34			—			—			58,374
Real estate construction			64,843			—			—			—			—			64,843
Consumer			87,186			—			180			—			—			87,366
Total		$	908,543		$	1,390		$	1,576		$	—		$	—		$	911,509

Schedule of total and average recorded investment in impaired loans

The following tables present the total and average recorded investment in impaired loans at the dates and for the periods indicated (in thousands):

		Recorded
		Investment			Recorded
		with			Investment									Related
		No Specific			with Specific			Total			Unpaid			Specific
		Valuation			Valuation			Recorded			Principal			Valuation
		Allowance			Allowance			Investment			Balance			Allowance
September 30, 2020
Commercial business		$	129		$	—		$	129		$	164		$	—
Commercial real estate			2,349			—			2,349			3,433			—
Land			714			—			714			749			—
Multi-family			1,553			—			1,553			1,657			—
Consumer			416			130			546			660			10
Total		$	5,161		$	130		$	5,291		$	6,663		$	10
March 31, 2020
Commercial business		$	139		$	—		$	139		$	170		$	—
Commercial real estate			2,378			—			2,378			3,405			—
Land			714			—			714			748			—
Multi-family			1,549			—			1,549			1,662			—
Consumer			295			137			432			543			12
Total		$	5,075		$	137		$	5,212		$	6,528		$	12

		Three months ended						Three months ended
		September 30, 2020						September 30, 2019
		Average			Interest			Average			Interest
		Recorded			Recognized on			Recorded			Recognized on
		Investment			Impaired Loans			Investment			Impaired Loans
Commercial business		$	132		$	—		$	153		$	—
Commercial real estate			2,356			15			2,424			16
Land			714			10			722			10
Multi-family			1,552			22			1,577			23
Consumer			485			10			451			7
Total		$	5,239		$	57		$	5,327		$	56

		Six months ended						Six months ended
		September 30, 2020						September 30, 2019
		Average			Interest			Average			Interest
		Recorded			Recognized on			Recorded			Recognized on
		Investment			Impaired Loans			Investment			Impaired Loans
Commercial business		$	134		$	—		$	155		$	—
Commercial real estate			2,364			30			2,444			31
Land			714			20			724			20
Multi-family			1,551			44			1,584			45
Consumer			467			16			533			15
Total		$	5,230		$	110		$	5,440		$	111

Schedule of TDRs by interest accrual status

The following table presents TDRs by interest accrual status at the dates indicated (in thousands):

		September 30, 2020									March 31, 2020
		Accrual			Nonaccrual			Total			Accrual			Nonaccrual			Total
Commercial business		$	—		$	129		$	129		$	—		$	139		$	139
Commercial real estate			1,344			1,005			2,349			1,364			1,014			2,378
Land			714			—			714			714			—			714
Multi-family			1,553			—			1,553			1,549			—			1,549
Consumer			546			—			546			432			—			432
Total		$	4,157		$	1,134		$	5,291		$	4,059		$	1,153		$	5,212

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Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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Schedule (table) of the average recorded investment and the interest recognized on impaired loans for the periods indicated.

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Tabular disclosure of aging analysis for financing receivable.

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