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LOANS RECEIVABLE (Tables)
12 Months Ended
Mar. 31, 2021
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):

 

 

 

 

 

 

 

 

 

    

March 31, 

    

March 31, 

 

 

2021

 

2020

Commercial and construction

 

 

  

 

 

  

Commercial business (1)

 

$

265,145

 

$

179,029

Commercial real estate

 

 

543,467

 

 

507,871

Land

 

 

14,040

 

 

14,026

Multi-family

 

 

45,014

 

 

58,374

Real estate construction

 

 

16,990

 

 

64,843

Total commercial and construction

 

 

884,656

 

 

824,143

 

 

 

 

 

 

 

Consumer

 

 

 

 

 

 

Real estate one-to-four family

 

 

56,405

 

 

83,150

Other installment

 

 

2,174

 

 

4,216

Total consumer

 

 

58,579

 

 

87,366

 

 

 

 

 

 

 

Total loans

 

 

943,235

 

 

911,509

 

 

 

 

 

 

 

Less: Allowance for loan losses

 

 

19,178

 

 

12,624

Loans receivable, net

 

$

924,057

 

$

898,885


(1) SBA PPP loans totaled $93.4 million at March 31, 2021 and none at March 31, 2020.

Schedule of aggregate loans to officers and directors

Aggregate loans to officers and directors, all of which are current, consist of the following for the periods indicated (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended March 31, 

 

    

2021

    

2020

    

2019

Beginning balance

 

$

625

 

$

778

 

$

981

Originations

 

 

8,174

 

 

977

 

 

359

Principal repayments

 

 

(3,491)

 

 

(1,130)

 

 

(562)

Ending balance

 

$

5,308

 

$

625

 

$

778