Loans Receivable, Net (Tables)

12 Months Ended

Mar. 31, 2016

Loans and Leases Receivable Disclosure [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:



	March 31, 2016					March 31, 2015
$ in thousands	Amount			%		Amount			%
Gross loans receivable:
One-to-four family	$	141,243		24	%	$	125,549		26	%
Multifamily	94,202			16	%	93,692			19	%
Commercial real estate	272,497			47	%	186,504			39	%
Construction	5,033			1	%	5,107			1	%
Business	71,277			12	%	70,765			15	%
Consumer ⁽¹⁾	42			—	%	434			—	%
Total loans receivable ⁽²⁾	584,294			100	%	482,051			100	%

Unamortized premiums, deferred costs and fees, net	4,725					1,711

Allowance for loan losses	(5,232		)			(4,428		)
Total loans receivable, net	$	583,787				$	479,334

Loans held-for-sale ⁽²⁾	$	2,495				$	2,724

⁽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, 2016:



$ in thousands	One-to-four family		Multifamily		Commercial Real Estate		Construction			Business			Consumer		Total
Allowance for loan losses:
Beginning Balance	$	1,970	$	502	$	1,029	$	99		$	813		$	15	$	4,428
Charge-offs	389		340		—		—			176			517		1,422
Recoveries	113		—		9		—			578			31		731
Provision for (Recovery of) Loan Losses	3		460		770		(37		)	(193		)	492		1,495
Ending Balance	$	1,697	$	622	$	1,808	$	62		$	1,022		$	21	$	5,232

Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	1,602		622		1,787		62			548			21		4,642
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	95		—		21		—			474			—		590

Loan Receivables Ending Balance	$	143,667	$	95,648	$	273,470	$	5,000		$	71,192		$	42	$	589,019
Ending Balance: collectively evaluated for impairment	139,031		93,879		267,176		5,000			64,326			42		569,454
Ending Balance: individually evaluated for impairment	4,636		1,769		6,294		—			6,866			—		19,565

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, 2015:



$ in thousands	One-to-four family			Multifamily		Commercial Real Estate			Construction		Business			Consumer		Total
Allowance for loan losses:
Beginning Balance	$	3,396		$	422	$	1,835		$	—	$	1,705		$	8	$	7,366
Charge-offs	687			132		—			—		320			498		1,637
Recoveries	380			82		256			—		816			7		1,541
Provision for (Recovery of) Loan Losses	(1,119		)	130		(1,062		)	99		(1,388		)	498		(2,842		)
Ending Balance ⁽¹⁾	$	1,970		$	502	$	1,029		$	99	$	813		$	15	$	4,428

Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	1,683			272		953			99		801			15		3,823
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	287			230		76			—		12			—		605

Loan Receivables Ending Balance ⁽²⁾	$	127,056		$	94,590	$	185,966		$	5,076	$	70,640		$	434	$	483,762
Ending Balance: collectively evaluated for impairment	120,009			93,234		183,345			5,076		65,284			434		467,382
Ending Balance: individually evaluated for impairment	7,047			1,356		2,621			—		5,356			—		16,380

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	2016		2015 Restated ⁽¹⁾
Balance at beginning of the year	$	4,428	$	7,366
Charge-offs of loans	1,422		1,637
Recoveries of amounts previously charged off	731		1,541
Provision for (recovery of) loan losses	1,495		(2,842		)
Balance at end of the year	$	5,232	$	4,428

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

The following is a summary of nonaccrual loans at March 31, 2016 and 2015.



$ in thousands	March 31, 2016		March 31, 2015
Loans accounted for on a nonaccrual basis:
Gross loans receivable:
One-to-four family	$	2,947	$	3,664
Multifamily	1,769		1,053
Commercial real estate	5,338		2,817
Business	3,896		861
Total nonaccrual loans	$	13,950	$	8,395

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

As of March 31, 2016, and based on the most recent analysis performed in the current quarter, 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	$	93,879	$	262,937	$	5,000	$	61,331
Special Mention	—		4,239		—		2,039
Substandard	1,769		6,294		—		7,822
Doubtful	—		—		—		—
Loss	—		—		—		—
Total	$	95,648	$	273,470	$	5,000	$	71,192

	One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing	$	140,720	$	42
Non-Performing	2,947		—
Total	$	143,667	$	42

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	$	93,102	$	181,455	$	5,076	$	62,460
Special Mention	—		1,890		—		1,065
Substandard	1,488		2,621		—		7,115
Doubtful	—		—		—		—
Loss	—		—		—		—
Total ⁽¹⁾	$	94,590	$	185,966	$	5,076	$	70,640

	One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing	$	123,218	$	434
Non-Performing	3,838		—
Total ⁽¹⁾	$	127,056	$	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 March 31, 2016.



$ 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	$	986	$	—	$	2,628	$	3,614	$	140,053	$	143,667
Multifamily	—		—		1,769		1,769		93,879		95,648
Commercial real estate	889		3,410		—		4,299		269,171		273,470
Construction	—		—		—		—		5,000		5,000
Business	2,495		307		1,972		4,774		66,418		71,192
Consumer	2		—		—		2		40		42
Total	$	4,372	$	3,717	$	6,369	$	14,458	$	574,561	$	589,019

The following table presents an aging analysis of the recorded investment of past due financing receivable as of March 31, 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 ⁽¹⁾
One-to-four family	$	464	$	—	$	3,574	$	4,038	$	123,018	$	127,056
Multifamily	—		434		1,054		1,488		93,102		94,590
Commercial real estate	1,150		936		1,102		3,188		182,778		185,966
Construction	—		—		—		—		5,076		5,076
Business	—		—		123		123		70,517		70,640
Consumer	—		1		—		1		433		434
Total	$	1,614	$	1,371	$	5,853	$	8,838	$	474,924	$	483,762

⁽¹⁾ March 31, 2015 balances have been restated from previously reported results for the $701 thousand reclassification of negative escrow balances from Other Assets to Loans Receivable.

Impaired Financing Receivables [Table Text Block]

The following tables present information on impaired loans with the associated allowance amount, if applicable, at March 31, 2016 and 2015. 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

	At March 31,
	2016						2015 ⁽¹⁾
$ 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	$	2,909	$	4,101	$	—	$	2,752	$	3,007	$	—
Multifamily	1,769		2,122		—		237		237		—
Commercial real estate	5,405		5,572		—		1,880		1,880		—
Business	4,223		4,403		—		4,568		4,652		—
Consumer	—		—		—		—		—		—

With an allowance recorded:
One-to-four family	1,727		1,727		95		4,295		4,541		287
Multifamily	—		—		—		1,119		1,349		230
Commercial real estate	889		889		21		741		741		76
Business	2,643		2,643		474		788		788		12
Total	$	19,565	$	21,457	$	590	$	16,380	$	17,195	$	605

⁽¹⁾ March 31, 2015 balances have been restated from previously reported results for the $701 thousand reclassification of negative escrow balances from Other Assets to Loans Receivable.

The following table presents information on average balances on impaired loans and the interest income recognized for the years ended March 31, 2016 and 2015.



	For the years ended March 31,
	2016				2015
$ in thousands	Average Balance		Interest Income recognized		Average Balance		Interest Income recognized
With no specific allowance recorded:
One-to-four family	$	2,835	$	17	$	1,669	$	17
Multifamily	1,463		17		222		—
Commercial real estate	2,935		—		1,670		83
Construction	—		—		—		—
Business	3,662		93		3,903		215

With an allowance recorded:
One-to-four family	1,725		25		5,158		104
Multifamily	—		—		1,255		24
Commercial real estate	895		43		—		—
Business	2,340		85		855		18
Total	$	15,855	$	280	$	14,732	$	461

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following table presents an analysis of those loan modifications that were classified as TDRs during the twelve month periods ended March 31, 2016 and March 31, 2015:



	Modifications to loans during the years ended March 31,
	2016									2015
$ in thousands	Number of loans	Pre-modification outstanding recorded investment		Post-Modification Recorded investment		Pre-Modification rate		Post-Modification rate		Number of loans	Pre-modification outstanding recorded investment		Post-Modification Recorded investment		Pre-Modification rate		Post-Modification rate
One-to-four family	2	429		456		4.08	%	4.89	%	1	43		43		12	%	12	%
Commercial real estate	—	—		—		—	%	—	%	1	860		860		6.60	%	6.60	%
Business	—	—		—		—	%	—	%	2	788		788		8.25	%	8.25	%
Total	2	$	429	$	456					4	$	1,691	$	1,691