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ALLOWANCE FOR LOAN LOSSES (Tables) | 12 Months Ended
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Mar. 31, 2021
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):
|  | Commercial |  | Commercial |  |  |  |  | Multi- |  | Real Estate |  |  |  |  |  |  |  |  |
March 31, 2021 |  | 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 |  |  | 398 |  |  | 7,336 |  |  | 3 |  |  | (216) |  |  | (855) |  |  | (423) |  |  | 57 |  |  | 6,300
Charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (124) |  |  | — |  |  | (124)
Recoveries |  |  | 10 |  |  | 332 |  |  | — |  |  | — |  |  | — |  |  | 36 |  |  | — |  |  | 378
Ending balance |  | $ | 2,416 |  | $ | 14,089 |  | $ | 233 |  | $ | 638 |  | $ | 294 |  | $ | 852 |  | $ | 656 |  | $ | 19,178
March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 1,808 |  | $ | 5,053 |  | $ | 254 |  | $ | 728 |  | $ | 1,457 |  | $ | 1,447 |  | $ | 710 |  | $ | 11,457
Provision for (recapture of) loan losses |  |  | 264 |  |  | 1,368 |  |  | (24) |  |  | 126 |  |  | (308) |  |  | (65) |  |  | (111) |  |  | 1,250
Charge-offs |  |  | (64) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (82) |  |  | — |  |  | (146)
Recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 63 |  |  | — |  |  | 63
Ending balance |  | $ | 2,008 |  | $ | 6,421 |  | $ | 230 |  | $ | 854 |  | $ | 1,149 |  | $ | 1,363 |  | $ | 599 |  | $ | 12,624
March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 1,668 |  | $ | 4,914 |  | $ | 220 |  | $ | 822 |  | $ | 618 |  | $ | 1,809 |  | $ | 715 |  | $ | 10,766
Provision for (recapture of) loan losses |  |  | 139 |  |  | (685) |  |  | 34 |  |  | (94) |  |  | 839 |  |  | (178) |  |  | (5) |  |  | 50
Charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (291) |  |  | — |  |  | (291)
Recoveries |  |  | 1 |  |  | 824 |  |  | — |  |  | — |  |  | — |  |  | 107 |  |  | — |  |  | 932
Ending balance |  | $ | 1,808 |  | $ | 5,053 |  | $ | 254 |  | $ | 728 |  | $ | 1,457 |  | $ | 1,447 |  | $ | 710 |  | $ | 11,457
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 |  | Evaluated |  |  |  |  | Evaluated |  | Evaluated |  |  |
|  | for |  | for |  |  |  |  | for |  | for |  |  |
March 31, 2021 |  | Impairment |  | Impairment |  | Total |  | Impairment |  | Impairment |  | Total
Commercial business |  | $ | — |  | $ | 2,416 |  | $ | 2,416 |  | $ | 120 |  | $ | 265,025 |  | $ | 265,145
Commercial real estate |  |  | — |  |  | 14,089 |  |  | 14,089 |  |  | 1,468 |  |  | 541,999 |  |  | 543,467
Land |  |  | — |  |  | 233 |  |  | 233 |  |  | 710 |  |  | 13,330 |  |  | 14,040
Multi-family |  |  | — |  |  | 638 |  |  | 638 |  |  | 753 |  |  | 44,261 |  |  | 45,014
Real estate construction |  |  | — |  |  | 294 |  |  | 294 |  |  | — |  |  | 16,990 |  |  | 16,990
Consumer |  |  | 11 |  |  | 841 |  |  | 852 |  |  | 530 |  |  | 58,049 |  |  | 58,579
Unallocated |  |  | — |  |  | 656 |  |  | 656 |  |  | — |  |  | — |  |  | —
Total |  | $ | 11 |  | $ | 19,167 |  | $ | 19,178 |  | $ | 3,581 |  | $ | 939,654 |  | $ | 943,235
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 changes in the allowance for unfunded loan commitments | Changes in the allowance for unfunded loan commitments were as follows for the years indicated (in thousands):
|  | Year Ended March 31,
|  | 2021 |  | 2020 |  | 2019
Beginning balance |  | $ | 474 |  | $ | 469 |  | $ | 480
Net change in allowance for unfunded loan commitments |  |  | 35 |  |  | 5 |  |  | (11)
Ending balance |  | $ | 509 |  | $ | 474 |  | $ | 469
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):
|  |  |  |  |  |  |  |  |  |  | Total |  |  |  |  |  |
|  |  |  |  | 90 Days |  |  |  |  | Past |  |  |  |  |  |
|  |  |  |  | and |  |  |  |  | Due and |  |  |  |  | Total
|  | 30-89 Days |  | Greater |  |  |  |  | Non- |  |  |  |  | Loans
March 31, 2021 |  | Past Due |  | Past Due |  | Non-accrual |  | accrual |  | Current |  | Receivable
Commercial business |  | $ | 98 |  | $ | 175 |  | $ | 182 |  | $ | 455 |  | $ | 264,690 |  | $ | 265,145
Commercial real estate |  |  | — |  |  | — |  |  | 144 |  |  | 144 |  |  | 543,323 |  |  | 543,467
Land |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14,040 |  |  | 14,040
Multi-family |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 45,014 |  |  | 45,014
Real estate construction |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 16,990 |  |  | 16,990
Consumer |  |  | 143 |  |  | 1 |  |  | 69 |  |  | 213 |  |  | 58,366 |  |  | 58,579
Total |  | $ | 241 |  | $ | 176 |  | $ | 395 |  | $ | 812 |  | $ | 942,423 |  | $ | 943,235
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):
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total
|  |  |  |  | Special |  |  |  |  |  |  |  |  |  |  | Loans
March 31, 2021 |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Loss |  | Receivable
Commercial business |  | $ | 264,564 |  | $ | 399 |  | $ | 182 |  | $ | — |  | $ | — |  | $ | 265,145
Commercial real estate |  |  | 494,010 |  |  | 42,045 |  |  | 7,412 |  |  | — |  |  | — |  |  | 543,467
Land |  |  | 14,040 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14,040
Multi-family |  |  | 44,941 |  |  | 49 |  |  | 24 |  |  | — |  |  | — |  |  | 45,014
Real estate construction |  |  | 16,990 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 16,990
Consumer |  |  | 58,510 |  |  | — |  |  | 69 |  |  | — |  |  | — |  |  | 58,579
Total |  | $ | 893,055 |  | $ | 42,493 |  | $ | 7,687 |  | $ | — |  | $ | — |  | $ | 943,235
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 information regarding impaired loans at the dates and for the years indicated (in thousands):
|  | Recorded |  | Recorded |  |  |  |  |  |  |  |  |
|  | Investment |  | Investment |  |  |  |  |  |  |  |  |
|  | with |  | with |  |  |  |  |  |  |  | Related
|  | No Specific |  | Specific |  | Total |  | Unpaid |  | Specific
|  | Valuation |  | Valuation |  | Recorded |  | Principal |  | Valuation
March 31, 2021 |  | Allowance |  | Allowance |  | Investment |  | Balance |  | Allowance
Commercial business |  | $ | 120 |  | $ | — |  | $ | 120 |  | $ | 157 |  | $ | —
Commercial real estate |  |  | 1,468 |  |  | — |  |  | 1,468 |  |  | 1,556 |  |  | —
Land |  |  | 710 |  |  | — |  |  | 710 |  |  | 740 |  |  | —
Multi-family |  |  | 753 |  |  | — |  |  | 753 |  |  | 856 |  |  | —
Consumer |  |  | 278 |  |  | 252 |  |  | 530 |  |  | 643 |  |  | 11
Total |  | $ | 3,329 |  | $ | 252 |  | $ | 3,581 |  | $ | 3,952 |  | $ | 11
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
|  | Year ended |  | Year ended |  | Year ended
|  | March 31, 2021 |  | March 31, 2020 |  | March 31, 2019
|  |  |  |  | Interest |  |  |  |  | Interest |  |  |  |  | Interest
|  |  |  |  | Recognized |  |  |  |  | Recognized |  |  |  |  | Recognized
|  | Average |  | on |  | Average |  | on |  | Average |  | on
|  | Recorded |  | Impaired |  | Recorded |  | Impaired |  | Recorded |  | Impaired
|  | Investment |  | Loans |  | Investment |  | Loans |  | Investment |  | Loans
Commercial business |  | $ | 130 |  | $ | — |  | $ | 150 |  | $ | 62 |  | $ | 334 |  | $ | —
Commercial real estate |  |  | 2,008 |  |  | 61 |  |  | 2,420 |  |  | 40 |  |  | 2,607 |  |  | 64
Land |  |  | 713 |  |  | 40 |  |  | 720 |  |  | 90 |  |  | 742 |  |  | 7
Multi-family |  |  | 1,313 |  |  | 77 |  |  | 1,573 |  |  | — |  |  | 1,620 |  |  | 88
Consumer |  |  | 494 |  |  | 29 |  |  | 494 |  |  | 29 |  |  | 992 |  |  | 45
Total |  | $ | 4,658 |  | $ | 207 |  | $ | 5,357 |  | $ | 221 |  | $ | 6,295 |  | $ | 204
Schedule of TDRs by interest accrual status | The following table presents TDRs by interest accrual status at the dates indicated (in thousands):
|  | March 31, 2021 |  | March 31, 2020
|  | Accrual |  | Nonaccrual |  | Total |  | Accrual |  | Nonaccrual |  | Total
Commercial business |  | $ | — |  | $ | 120 |  | $ | 120 |  | $ | — |  | $ | 139 |  | $ | 139
Commercial real estate |  |  | 1,324 |  |  | 144 |  |  | 1,468 |  |  | 1,364 |  |  | 1,014 |  |  | 2,378
Land |  |  | 710 |  |  | — |  |  | 710 |  |  | 714 |  |  | — |  |  | 714
Multi-family |  |  | 753 |  |  | — |  |  | 753 |  |  | 1,549 |  |  | — |  |  | 1,549
Consumer |  |  | 530 |  |  | — |  |  | 530 |  |  | 432 |  |  | — |  |  | 432
Total |  | $ | 3,317 |  | $ | 264 |  | $ | 3,581 |  | $ | 4,059 |  | $ | 1,153 |  | $ | 5,212

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- Definition 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. + References No definition available. + Details
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- Definition 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. + References No definition available. + Details
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