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ALLOWANCE FOR LOAN LOSSES (Tables)

9 Months Ended

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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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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