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Loan Receivable and Allowance for Loan and Lease Losses (Tables)

12 Months Ended

Mar. 31, 2013

Mar. 31, 2012

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN AND LEASE LOSSES [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The following is a summary of loans receivable, net of allowance for loan losses, and loans held for sale at March 31:

$ in thousands	March 31, 2013							March 31, 2012
	Amount				%			Amount				%
Gross loans receivable:
One- to four-family	$	73,625			20	%		$	66,313			16	%
Multifamily	56,427				15	%		78,859				19	%
Non-residential	203,813				55	%		207,505				50	%
Construction	1,228				—	%		16,471				4	%
Business	35,795				10	%		44,424				11	%
Consumer and other (1)	247				—	%		1,258				—	%
Total loans receivable	371,135				100	%		414,830				100	%
Add:
Premium on loans	686							137
Less:
Deferred fees and loan discounts, net	(1,699		)					(2,109		)
Allowance for loan losses	(10,989		)					(19,821		)
Total loans receivable, net	$	359,133						$	393,037
Loans held-for-sale	$	13,107						$	29,626

⁽¹⁾  Includes personal loans

Allowance for Credit Losses on Financing Receivables [Table Text Block]

The following is an analysis of the allowance for loan losses based upon the method of evaluating loan impairment for the fiscal year ended March 31, 2013:

	$ in thousands
			One-to-four family Residential				Multi-Family Mortgage				Commercial Real Estate				Construction				Business				Consumer and Other				Total
	Allowance for loan losses:
	Beginning Balance		$	4,305			$	5,409			$	6,709			$	1,532			$	1,786			$	80			$	19,821
	Charge-offs		2,103				226				1,148				151				2,274				1				5,903
	Recoveries		15				91				—				22				265				5				398
	Provision for Loan Losses		1,279				(4,866		)		(2,263		)		(1,403		)		3,982				(56		)		(3,327		)
	Ending Balance		$	3,496			$	408			$	3,298			$	—			$	3,759			$	28			$	10,989
	Allowance for Loan Losses Ending Balance: collectively evaluated for impairment		3,179				409				3,103				—				1,959				28				8,678
	Allowance for Loan Losses Ending Balance: individually evaluated for impairment		317				—				194				—				1,800				—				2,311
	The following is an analysis of the loan receivable balances showing the methods of evaluating the loan portfolio for impairment for the fiscal year ended March 31, 2013:
																														$ in thousands
	Loan Receivables Ending Balance		$	73,987			$	56,607			$	202,771			$	1,230			$	35,277			$	250			$	370,122
	Ending Balance: collectively evaluated for impairment		67,619				55,991				186,336				—				28,904				250				339,100
	Ending Balance: individually evaluated for impairment		6,368				616				16,435				1,230				6,373				—				31,022

The following is an analysis of the allowance for loan losses based upon the method of evaluating loan impairment for the fiscal year ended March 31, 2012:

	$ in thousands
			One-to-four family Residential				Multi-Family Mortgage				Commercial Real Estate				Construction				Business				Consumer and Other				Total
	Allowance for loan losses:
	Beginning Balance		$	2,923			$	6,223			$	3,999			$	6,944			$	2,965			$	93			$	23,147
	Charge-offs		3,730				6,250				5,111				5,961				875				8				21,935
	Recoveries		469				6				2				1,677				113				—				2,267
	Provision for Loan Losses		4,643				5,430				7,819				(1,128		)		(417		)		(5		)		16,342
	Ending Balance		$	4,305			$	5,409			$	6,709			$	1,532			$	1,786			$	80			$	19,821
	Allowance for Loan Losses Ending Balance: collectively evaluated for impairment		4,098				5,348				6,177				1,484				1,685				80				18,872
	Allowance for Loan Losses Ending Balance: individually evaluated for impairment		207				61				532				48				101				—				949
	The following is an analysis of the loan receivable balances showing the methods of evaluating the loan portfolio for impairment for the fiscal year ended March 31, 2012:
																														$ in thousands
	Loan Receivables Ending Balance		$	66,172			$	78,984			$	206,022			$	16,433			$	43,982			$	1,265			$	412,858
	Ending Balance: collectively evaluated for impairment		63,866				77,976				185,249				10,346				38,124				1,265				376,826
	Ending Balance: individually evaluated for impairment		2,306				1,008				20,773				6,087				5,858				—				36,032

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]

The following is an analysis of the allowance for loan losses for the years ended March 31:

$ in thousands	2013				2012				2011
Balance at beginning of the year	$	19,821			$	23,147			$	12,000
Provision for loan losses	(3,327		)		16,342				27,114
Recoveries of amounts previously charged-off	398				2,267				52
Charge-offs of loans	(5,903		)		(21,935		)		(16,019		)
Balance at end of the year	$	10,989			$	19,821			$	23,147

Non performing loans [Table Text Block]

The following is a summary of non-accrual loans at March 31, 2013 and 2012.

$ in thousands	March 31, 2013			March 31, 2012
Loans accounted for on a non-accrual basis:
Gross loans receivable:
One-to-four family	$	7,642		$	6,988
Multifamily	423			2,923
Commercial real estate	14,788			24,467
Construction	1,230			11,325
Business	6,505			8,862
Consumer	38			23
Total non-accrual loans	$	30,626		$	54,588

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

As of March 31, 2013, and based on the most recent analysis performed in the current quarter, the risk category by class of loans is as follows:

$ in thousands	Multi-Family Mortgage				Commercial Real Estate				Construction				Business
Credit Risk Profile by Internally Assigned Grade:
Pass	$	53,419			$	165,965			$	—			$	23,651
Special Mention	—				3,400				—				2,922
Substandard	3,188				33,406				1,230				8,704
Doubtful	—				—				—				—
Loss	—				—				—				—
Total	$	56,607			$	202,771			$	1,230			$	35,277
	One-to-four family Residential				Consumer and Other
Credit Risk Profile Based on Payment Activity:
Performing	$	66,344			$	212
Non-Performing	7,643				38
Total	$	73,987			$	250

As of March 31, 2012, and based on the most recent analysis performed, the risk category by class of loans is as follows:

$ in thousands	Multi-Family Mortgage				Commercial Real Estate				Construction				Business
Credit Risk Profile by Internally Assigned Grade:
Pass	$	74,900			$	167,607			$	201			$	25,963
Special Mention	381				1,456				6,108				4,954
Substandard	3,703				36,959				10,124				12,551
Doubtful	—				—				—				514
Loss	—				—				—				—
Total	$	78,984			$	206,022			$	16,433			$	43,982
	One-to-four family Residential				Consumer and Other
Credit Risk Profile Based on Payment Activity:
Performing	$	59,185			$	1,242
Non-Performing	6,987				23
Total	$	66,172			$	1,265

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

The following table presents an aging analysis of the recorded investment of past due financing receivable as of March 31, 2013.

$ in thousands	30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days				Total Past Due				Non-performing TDR				Performing TDR (1)				Impaired(2)				Current				Total Financing Receivables
One-to-four family residential	$	348			$	28			$	4,501			$	4,877			$	3,141			$	2,670			$	—			$	63,299			$	73,987
Multi-family mortgage	238				1,142				423				1,803				—				616				—				54,188				56,607
Commercial real estate	220				846				2,671				3,737				9,097				1,290				3,020				185,627				202,771
Construction	—				—				—				—				—				—				1,230				—				1,230
Business	261				148				1,439				1,848				4,447				464				619				27,899				35,277
Consumer and other	6				1				38				45				—				—				—				205				250
Total	$	1,073			$	2,165			$	9,072			$	12,310			$	16,685			$	5,040			$	4,869			$	331,218			$	370,122

⁽¹⁾  The performing TDR category details those loans that the Company has determined that the future collection of principal and interest is reasonably assured. This generally represents those borrowers who have performed according to the restructured terms for a period of at least six months.

⁽²⁾  Consists of loans which are less than 90 days past due but impaired due to other risk characteristics.

The following table presents an aging analysis of the recorded investment of past due financing receivable as of March 31, 2012. Also included are loans that are 90 days or more past due as to interest and principal and still accruing because they are well secured and in the process of collection.

$ in thousands	30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days				Total Past Due				Non-performing TDR				Performing TDR (1)				Impaired(2)				Current				Total Financing Receivables
One-to-four family residential	$	2,381			$	—			$	4,681			$	7,062			$	2,306			$	2,690			—				$	54,114			$	66,172
Multi-family mortgage	3,220				427				1,915				5,562				1,008				—				—				72,414				78,984
Commercial real estate	11,455				—				9,406				20,861				13,061				430				2,000				169,669				206,022
Construction	—				—				11,086				11,086				239				—				—				5,108				16,433
Business	3,937				954				4,353				9,244				4,428				341				81				29,888				43,982
Consumer and other	37				1				23				61				—				—				—				1,204				1,265
Total	$	21,030			$	1,382			$	31,464			$	53,876			$	21,042			$	3,461			$	2,081			$	332,397			$	412,858

⁽¹⁾  The performing TDR category details those loans that the Company has determined that the future collection of principal and interest is reasonably assured. This generally represents those borrowers who have performed according to the restructured terms for a period of at least six months.

⁽²⁾  Consists of loans which are less than 90 days past due but impaired due to other risk characteristics.

Impaired Financing Receivables [Table Text Block]

The following tables present information on impaired loans with the associated allowance amount, if applicable, and the interest income recognized during the years ended March 31, 2013 and 2012. Management determined the specific allowance based on the present value of expected future cash flows, discounted at the loan’s effective interest rate, except when the remaining source of repayment for the loan is the operation or liquidation of the collateral. In those cases, the current fair value of the collateral, less selling costs was used to determine the specific allowance recorded. When the ultimate collectability of the total principal of an impaired loan is in doubt and the loan is on nonaccrual status, all payments are applied to principal under the cost recovery method. When the ultimate collectability of the total principal of an impaired loan is not in doubt and the loan is on nonaccrual status, contractual interest is credited to interest income when received under the cash basis method.

Impaired Loans by Class
As of and for the year ended March 31, 2013
$ in thousands
	Recorded Investment				Unpaid Principal Balance				Associated Allowance				Average Balance				Interest income recognized
With no specific allowance recorded:
One-to-four family residential	$	1,319			$	1,460			—				$	1,215			$	47
Multi-family mortgage	616				616				—				308				5
Commercial real estate	11,070				11,270				—				9,865				235
Construction	1,230				1,492				—				1,230				53
Business	1,080				2,002				—				1,136				41
Consumer and other	—				—				—				—				—
Total	$	15,315			$	16,840			$	—			$	13,754			$	381
With an allowance recorded:
One-to-four family residential	$	5,049			$	5,244			$	317			$	5,363			$	57
Multi-family mortgage	—				—				—				—				—
Commercial real estate	5,365				5,913				194				6,302				133
Construction	—				—				—				—				—
Business	5,293				5,293				1,800				4,932				254
Consumer and other	—				—				—				—				—
Total	$	15,707			$	16,450			$	2,311			$	16,597			$	444
One-to-four family residential	$	6,368			$	6,704			$	317			$	6,578			$	104
Multi-family mortgage	616				616				—				308				5
Commercial real estate	16,435				17,183				194				16,167				368
Construction	1,230				1,492				—				1,230				53
Business	6,373				7,295				1,800				6,068				295
Consumer and other	—				—				—				—				—
Total	$	31,022			$	33,290			$	2,311			$	30,351			$	825

Impaired Loans by Class
As of and for the year ended March 31, 2012
$ in thousands
	Recorded Investment				Unpaid Principal Balance				Associated Allowance				Average Balance				Interest income recognized
With no specific allowance recorded:
One-to-four family residential	$	628			$	628			—				$	1,404			$	78
Multi-family mortgage	194				194				—				195				21
Commercial real estate	6,304				6,304				—				7,375				89
Construction	5,406				5,670				—				4,603				859
Business	4,983				5,417				—				5,242				203
Consumer and other	—				—				—				—				—
Total	$	17,515			$	18,213			—				$	18,819			$	1,250
With an allowance recorded:
One-to-four family residential	$	1,679			$	1,760			$	207			$	4,343			$	103
Multi-family mortgage	814				879				61				1,391				70
Commercial real estate	14,469				15,068				532				15,453				340
Construction	681				1,613				48				896				—
Business	1,089				1,776				101				1,336				110
Consumer and other	—				—				—				—				—
Total	$	18,732			$	21,096			$	949			$	23,419			$	623
One-to-four family residential	$	2,307			$	2,388			$	207			$	5,746			$	181
Multi-family mortgage	1,008				1,073				61				1,586				91
Commercial real estate	20,773				21,372				532				22,828				429
Construction	6,087				7,283				48				5,499				859
Business	6,072				7,193				101				6,470				313
Consumer and other	—				—				—				—				—
Total	$	36,247			$	39,309			$	949			$	42,129			$	1,873

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following tables presents an analysis of those loan modifications that were classified as TDRs during the twelve month period ended March 31, 2013 and March 31, 2012 :

Modifications to loans during the 12 month period ended
March 31, 2013
$ in thousands
		Number of loans			Pre-modification outstanding recorded investment				Post-Modification Recorded investment				Average Pre-Modification rate			Average Post-Modification rate		Allowance recorded
One-to-four family residential		2			1,414				535				7.66	%		4.00	%	37
Commercial real estate		3			1,890				1,418				6.54	%		6.38	%	26
Business		4			2,242				2,210				7.23	%		7.21	%	264
Total		9			$	5,546			$	4,163								$	327

Modifications to loans during the 12 month period ended
March 31, 2012
$ in thousands
		Number of loans			Pre-modification outstanding recorded investment				Post-Modification Recorded investment				Average Pre-Modification rate			Average Post-Modification rate		Allowance recorded
One-to-four family residential		2			2,513				2,510				6.86	%		4.21	%	18
Commercial real estate		2			1,495				1,430				5.47	%		5.42	%	61
Construction		6			8,862				8,840				6.81	%		6.80	%	2
Business		5			3,447				3,315				5.86	%		5.87	%	—
Total		15			$	16,317			$	16,095								$	81

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