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

3 Months Ended

Jun. 30, 2015

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 June 30, 2015 and March 31, 2015:



	June 30, 2015					March 31, 2015
$ in thousands	Amount			Percent		Amount			Percent
Gross loans receivable:
One-to-four family	$	119,799		24	%	$	125,020		26	%
Multifamily	96,458			20	%	93,780			19	%
Commercial real estate	196,003			40	%	186,443			39	%
Construction	5,096			1	%	5,107			1	%
Business	72,831			15	%	70,679			15	%
Consumer ⁽¹⁾	103			—	%	434			—	%
Total loans receivable	$	490,290		100	%	$	481,463		100	%

Add:
Premium on loans	2,089					2,233
Less:
Deferred fees and loan discounts,net	(489		)			(503		)
Allowance for loan losses	(4,107		)			(4,477		)
Total loans receivable, net	$	487,783				$	478,716

Loans HFS	$	2,576				$	2,576

⁽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 three month periods ended June 30, 2015 and 2014, and the fiscal year ended March 31, 2015.



Three months ended June 30, 2015
$ in thousands	One-to-four family			Multifamily		Commercial Real Estate		Construction		Business			Consumer			Total
Allowance for loan losses:
Beginning Balance	$	1,989		$	534	$	1,029	99		$	813		$	13		$	4,477
Charge-offs	230			238		—		—		112			1			581
Recoveries	—			—		—		—		93			1			94
Provision for (Recovery of) Loan Losses	(100		)	229		3		—		(3		)	(12		)	117
Ending Balance	$	1,659		$	525	$	1,032	$	99	$	791		$	1		$	4,107

Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	1,557			525		949		99		788			1			3,919
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	102			—		83		—		3			—			188

Loan Receivables Ending Balance:	$	121,165		$	97,366	$	195,408	$	5,065	$	72,783		$	103		$	491,890
Ending Balance: collectively evaluated for impairment	113,822			96,119		192,806		5,065		67,001			103			474,916
Ending Balance: individually evaluated for impairment	7,343			1,247		2,602		—		5,782			—			16,974



Fiscal year ended March 31, 2015
$ in thousands	One-to-four family			Multifamily		Commercial Real Estate			Construction		Business			Consumer		Total
Allowance for loan losses:
Beginning Balance	$	3,377		$	308	$	1,835		$	—	$	1,705		$	8	$	7,233
Charge-offs	687			—		—			—		320			279		1,286
Recoveries	380			83		256			—		816			5		1,540
Provision for (Recovery of) Loan Losses	(1,081		)	143		(1,062		)	99		(1,388		)	279		(3,010		)
Ending Balance	$	1,989		$	534	$	1,029		$	99	$	813		$	13	$	4,477

Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	1,702			353		953			99		801			13		3,921
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	287			181		76			—		12			—		556

Loan Receivables Ending Balance:	$	126,527		$	94,706	$	185,851		$	5,076	$	70,599		$	434	483,193
Ending Balance: collectively evaluated for impairment	119,480			93,218		183,230			5,076		65,243			434		466,681
Ending Balance: individually evaluated for impairment	7,047			1,488		2,621			—		5,356			—		16,512



Three months ended June 30, 2014
	One-to-four family		Multifamily		Commercial Real Estate			Construction		Business			Consumer		Total
Allowance for loan losses:
Beginning Balance	$	3,377	$	308	$	1,835		$	—	$	1,705		$	8	$	7,233
Charge-offs	83		—		—			—		—			—		83
Recoveries	354		8		201			—		133			1		697
Provision for (Recovery of) Loan Losses	275		20		(1,223		)	201		(58		)	4		(781		)
Ending Balance	$	3,923	$	336	$	813		$	201	$	1,780		$	13	$	7,066

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

The following is a summary of nonaccrual loans at June 30, 2015 and March 31, 2015.



$ in thousands	June 30, 2015		March 31, 2015
Gross loans receivable:
One-to-four family	$	3,654	$	3,664
Multifamily	1,247		1,053
Commercial real estate	1,784		2,817
Business	1,883		861
Total nonaccrual loans	$	8,568	$	8,395

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

As of June 30, 2015, the risk category by class of loans is as follows:



$ in thousands	Multifamily		Commercial Real Estate		Construction		Business
Credit Risk Profile by Internally Assigned Grade:
Pass	$	96,119	$	190,574	$	5,065	$	64,933
Special Mention	—		2,232		—		1,056
Substandard	1,247		2,602		—		6,794
Doubtful	—		—		—		—
Loss	—		—		—		—
Total	$	97,366	$	195,408	$	5,065	$	72,783

					One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing					$	117,511	$	103
Non-Performing					3,654		—
Total					$	121,165	$	103

As of March 31, 2015, and based on the most recent analysis performed, the risk category by class of loans is as follows:



$ in thousands	Multifamily		Commercial Real Estate		Construction		Business
Credit Risk Profile by Internally Assigned Grade:
Pass	$	93,218	$	181,340	$	5,076	$	62,419
Special Mention	—		1,890		—		1,065
Substandard	1,488		2,621		—		7,115
Doubtful	—		—		—		—
Loss	—		—		—		—
Total	$	94,706	$	185,851	$	5,076	$	70,599

					One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing					$	122,689	$	434
Non-Performing					3,838		—
Total					$	126,527	$	434

Past Due Financing Receivables [Table Text Block]

The following table presents an aging analysis of the recorded investment of past due financing receivable as of June 30, 2015 and March 31, 2015.



June 30, 2015
$ in thousands	30-59 Days Past Due		60-89 Days Past Due		90 or More Days Past Due		Total Past Due		Current		Total Financing Receivables
One-to-four family	$	390	$	—	$	3,333	$	3,723	$	117,442	$	121,165
Multifamily	—		428		819		1,247		96,119		97,366
Commercial real estate	2,351		—		813		3,164		192,244		195,408
Construction	—		—		—		—		5,065		5,065
Business	—		—		1,883		1,883		70,900		72,783
Consumer	—		—		—		—		103		103
Total	$	2,741	$	428	$	6,848	$	10,017	$	481,873	$	491,890



March 31, 2015
$ in thousands	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables
One-to-four family	$	464	$	—	$	3,574	$	4,038	$	122,489	126,527
Multifamily	—		434		1,054		1,488		93,218		94,706
Commercial real estate	1,150		936		1,102		3,188		182,663		185,851
Construction	—		—		—		—		5,076		5,076
Business	—		—		123		123		70,476		70,599
Consumer	—		1		—		1		433		434
Total	$	1,614	$	1,371	$	5,853	$	8,838	$	474,355	$	483,193

Impaired Financing Receivables [Table Text Block]

The following table presents information on impaired loans with the associated allowance amount, if applicable, at June 30, 2015 and March 31, 2015.



	At June 30, 2015						At March 31, 2015
$ in thousands	Recorded Investment		Unpaid Principal Balance		Associated Allowance		Recorded Investment		Unpaid Principal Balance		Associated Allowance
With no specific allowance recorded:
One-to-four family	$	5,176	$	6,357	$	—	$	2,752	$	3,007	—
Multifamily	1,247		1,583		—		237		237		—
Commercial real estate	1,866		2,036		—		1,880		1,880		—
Business	5,271		5,271		—		4,568		4,652		—
Consumer	—		—		—		—		—		—
With an allowance recorded:
One-to-four family	2,167		2,239		102		4,295		4,541		286
Multifamily	—		—		—		1,251		1,349		181
Commercial real estate	736		736		83		741		741		76
Business	511		595		3		788		788		13
Consumer and other	—		—		—		—		—		—
Total	$	16,974	$	18,817	$	188	$	16,512	$	17,195	$	556

The following tables presents information on average balances on impaired loans and the interest income recognized on a cash basis for the three month period ended June 30, 2015 and 2014.



	For the Three Months Ended June 30,
	2015				2014
$ in thousands	Average Balance		Interest Income Recognized		Average Balance		Interest Income Recognized
With no specific allowance recorded:
One-to-four family	$	5,275	$	3	$	729	$	7
Multifamily	1,406		—		—		—
Commercial real estate	1,869		—		2,124		61
Construction	—		—		—		—
Business	5,294		9		1,022		64
Consumer and other	—		—		—		—
With an allowance recorded:
One-to-four family	2,209		$	2	6,089		31
Multifamily	—		—		1,437		9
Commercial real estate	739		—		2,215		20
Business	511		—		3,413		55
Consumer and other	—		—		5		—
Total	$	17,303	$	14	$	17,034	$	247