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ALLOWANCE FOR LOAN LOSSES (Tables) | 9 Months Ended
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Dec. 31, 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 |  |  |  |  |  |  |  |  |
December 31, 2020 |  | Business |  | Real Estate |  | Land |  | Family |  | Construction |  | Consumer |  | Unallocated |  | Total
Beginning balance |  | $ | 2,180 |  | $ | 13,209 |  | $ | 245 |  | $ | 745 |  | $ | 720 |  | $ | 1,155 |  | $ | 612 |  | $ | 18,866
Provision for (recapture of) loan losses |  |  | 286 |  |  | 181 |  |  | (43) |  |  | (121) |  |  | (198) |  |  | (137) |  |  | 32 |  |  | —
Charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (15) |  |  | — |  |  | (15)
Recoveries |  |  | — |  |  | 332 |  |  | — |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 341
Ending balance |  | $ | 2,466 |  |  | 13,722 |  |  | 202 |  |  | 624 |  |  | 522 |  |  | 1,012 |  |  | 644 |  |  | 19,192
Nine months ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 2,008 |  | $ | 6,421 |  | $ | 230 |  | $ | 854 |  | $ | 1,149 |  | $ | 1,363 |  | $ | 599 |  | $ | 12,624
Provision for (recapture of) loan losses |  |  | 448 |  |  | 6,969 |  |  | (28) |  |  | (230) |  |  | (627) |  |  | (277) |  |  | 45 |  |  | 6,300
Charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (103) |  |  | — |  |  | (103)
Recoveries |  |  | 10 |  |  | 332 |  |  | — |  |  | — |  |  | — |  |  | 29 |  |  | — |  |  | 371
Ending balance |  | $ | 2,466 |  |  | 13,722 |  |  | 202 |  |  | 624 |  |  | 522 |  |  | 1,012 |  |  | 644 |  |  | 19,192
Three months ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 2,051 |  | $ | 5,038 |  | $ | 219 |  | $ | 779 |  | $ | 1,381 |  | $ | 1,347 |  | $ | 621 |  | $ | 11,436
Provision for (recapture of) loan losses |  |  | — |  |  | (20) |  |  | 16 |  |  | (14) |  |  | 86 |  |  | (76) |  |  | 8 |  |  | —
Charge-offs |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (13) |  |  | — |  |  | (13)
Recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | — |  |  | 10
Ending balance |  | $ | 2,051 |  | $ | 5,018 |  | $ | 235 |  | $ | 765 |  | $ | 1,467 |  | $ | 1,268 |  | $ | 629 |  | $ | 11,433
Nine months ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 1,808 |  | $ | 5,053 |  | $ | 254 |  | $ | 728 |  | $ | 1,457 |  | $ | 1,447 |  | $ | 710 |  | $ | 11,457
Provision for (recapture of) loan losses |  |  | 246 |  |  | (35) |  |  | (19) |  |  | 37 |  |  | 10 |  |  | (158) |  |  | (81) |  |  | —
Charge-offs |  |  | (3) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (67) |  |  | — |  |  | (70)
Recoveries |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 46 |  |  | — |  |  | 46
Ending balance |  | $ | 2,051 |  | $ | 5,018 |  | $ | 235 |  | $ | 765 |  | $ | 1,467 |  | $ | 1,268 |  | $ | 629 |  | $ | 11,433
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 |  |  |
December 31, 2020 |  | Impairment |  | Impairment |  | Total |  | Impairment |  | Impairment |  | Total
Commercial business |  | $ | — |  | $ | 2,466 |  | $ | 2,466 |  | $ | 125 |  | $ | 252,562 |  | $ | 252,687
Commercial real estate |  |  | — |  |  | 13,722 |  |  | 13,722 |  |  | 1,483 |  |  | 539,934 |  |  | 541,417
Land |  |  | — |  |  | 202 |  |  | 202 |  |  | 714 |  |  | 11,412 |  |  | 12,126
Multi-family |  |  | — |  |  | 624 |  |  | 624 |  |  | 1,157 |  |  | 41,009 |  |  | 42,166
Real estate construction |  |  | — |  |  | 522 |  |  | 522 |  |  | — |  |  | 16,922 |  |  | 16,922
Consumer |  |  | 13 |  |  | 999 |  |  | 1,012 |  |  | 539 |  |  | 65,611 |  |  | 66,150
Unallocated |  |  | — |  |  | 644 |  |  | 644 |  |  | — |  |  | — |  |  | —
Total |  | $ | 13 |  | $ | 19,179 |  | $ | 19,192 |  | $ | 4,018 |  | $ | 927,450 |  | $ | 931,468
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
December 31, 2020 |  | Past Due |  | Past Due |  | Non-accrual |  | Non- accrual |  | Current |  | Receivable
Commercial business |  | $ | 31 |  | $ | — |  | $ | 187 |  | $ | 218 |  | $ | 252,469 |  | $ | 252,687
Commercial real estate |  |  | — |  |  | — |  |  | 149 |  |  | 149 |  |  | 541,268 |  |  | 541,417
Land |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,126 |  |  | 12,126
Multi-family |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 42,166 |  |  | 42,166
Real estate construction |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 16,922 |  |  | 16,922
Consumer |  |  | 297 |  |  | — |  |  | 57 |  |  | 354 |  |  | 65,796 |  |  | 66,150
Total |  | $ | 328 |  | $ | — |  | $ | 393 |  | $ | 721 |  | $ | 930,747 |  | $ | 931,468
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
December 31, 2020 |  | Pass |  | Mention |  | Substandard |  | Doubtful |  | Loss |  | Receivable
Commercial business |  | $ | 251,761 |  | $ | 739 |  | $ | 187 |  | $ | — |  | $ | — |  | $ | 252,687
Commercial real estate |  |  | 494,631 |  |  | 43,072 |  |  | 3,714 |  |  | — |  |  | — |  |  | 541,417
Land |  |  | 12,126 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 12,126
Multi-family |  |  | 42,093 |  |  | 49 |  |  | 24 |  |  | — |  |  | — |  |  | 42,166
Real estate construction |  |  | 14,301 |  |  | 2,621 |  |  | — |  |  | — |  |  | — |  |  | 16,922
Consumer |  |  | 66,093 |  |  | — |  |  | 57 |  |  | — |  |  | — |  |  | 66,150
Total |  | $ | 881,005 |  | $ | 46,481 |  | $ | 3,982 |  | $ | — |  | $ | — |  | $ | 931,468
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
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial business |  | $ | 125 |  | $ | — |  | $ | 125 |  | $ | 161 |  | $ | —
Commercial real estate |  |  | 1,483 |  |  | — |  |  | 1,483 |  |  | 1,578 |  |  | —
Land |  |  | 714 |  |  | — |  |  | 714 |  |  | 745 |  |  | —
Multi-family |  |  | 1,157 |  |  | — |  |  | 1,157 |  |  | 1,257 |  |  | —
Consumer |  |  | 283 |  |  | 256 |  |  | 539 |  |  | 656 |  |  | 13
Total |  | $ | 3,762 |  | $ | 256 |  | $ | 4,018 |  | $ | 4,397 |  | $ | 13
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
|  | December 31, 2020 |  | December 31, 2019
|  | Average |  | Interest |  | Average |  | Interest
|  | Recorded |  | Recognized on |  | Recorded |  | Recognized on
|  | Investment |  | Impaired Loans |  | Investment |  | Impaired Loans
Commercial business |  | $ | 127 |  | $ | — |  | $ | 147 |  | $ | —
Commercial real estate |  |  | 1,916 |  |  | 15 |  |  | 2,401 |  |  | 16
Land |  |  | 714 |  |  | 10 |  |  | 718 |  |  | 10
Multi-family |  |  | 1,355 |  |  | 21 |  |  | 1,567 |  |  | 22
Consumer |  |  | 542 |  |  | 8 |  |  | 443 |  |  | 7
Total |  | $ | 4,654 |  | $ | 54 |  | $ | 5,276 |  | $ | 55
|  | Nine months ended |  | Nine months ended
|  | December 31, 2020 |  | December 31, 2019
|  | Average |  | Interest |  | Average |  | Interest
|  | Recorded |  | Recognized on |  | Recorded |  | Recognized on
|  | Investment |  | Impaired Loans |  | Investment |  | Impaired Loans
Commercial business |  | $ | 132 |  | $ | — |  | $ | 152 |  | $ | —
Commercial real estate |  |  | 2,143 |  |  | 46 |  |  | 2,431 |  |  | 47
Land |  |  | 714 |  |  | 30 |  |  | 722 |  |  | 30
Multi-family |  |  | 1,453 |  |  | 65 |  |  | 1,579 |  |  | 68
Consumer |  |  | 485 |  |  | 23 |  |  | 509 |  |  | 21
Total |  | $ | 4,927 |  | $ | 164 |  | $ | 5,393 |  | $ | 166
Schedule of TDRs by interest accrual status | The following table presents TDRs by interest accrual status at the dates indicated (in thousands):
|  | December 31, 2020 |  | March 31, 2020
|  | Accrual |  | Nonaccrual |  | Total |  | Accrual |  | Nonaccrual |  | Total
Commercial business |  | $ | — |  | $ | 125 |  | $ | 125 |  | $ | — |  | $ | 139 |  | $ | 139
Commercial real estate |  |  | 1,334 |  |  | 149 |  |  | 1,483 |  |  | 1,364 |  |  | 1,014 |  |  | 2,378
Land |  |  | 714 |  |  | — |  |  | 714 |  |  | 714 |  |  | — |  |  | 714
Multi-family |  |  | 1,157 |  |  | — |  |  | 1,157 |  |  | 1,549 |  |  | — |  |  | 1,549
Consumer |  |  | 539 |  |  | — |  |  | 539 |  |  | 432 |  |  | — |  |  | 432
Total |  | $ | 3,744 |  | $ | 274 |  | $ | 4,018 |  | $ | 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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