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LOANS RECEIVABLE (Tables)
12 Months Ended
Mar. 31, 2022
LOANS RECEIVABLE  
Schedule of loans and financing receivable

    

March 31, 

    

March 31, 

2022

2021

Commercial and construction

 

  

 

  

Commercial business (1)

$

228,091

$

265,145

Commercial real estate

 

582,837

543,467

Land

 

11,556

14,040

Multi-family

 

60,211

45,014

Real estate construction

 

24,160

16,990

Total commercial and construction

 

906,855

884,656

Consumer

 

Real estate one-to-four family

 

82,006

56,405

Other installment

 

1,547

2,174

Total consumer

 

83,553

58,579

Total loans

 

990,408

943,235

Less: Allowance for loan losses

 

14,523

19,178

Loans receivable, net

$

975,885

$

924,057

(1) SBA PPP loans totaled $3.1 million at March 31, 2022 and $93.4 million at March 31, 2021.

Schedule of aggregate loans to officers and directors

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

Year Ended March 31, 

    

2022

    

2021

    

2020

Beginning balance

$

5,308

$

625

$

778

Originations

 

32

 

8,174

 

977

Principal repayments

 

(1,550)

 

(3,491)

 

(1,130)

Ending balance

$

3,790

$

5,308

$

625