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

9 Months Ended

Dec. 31, 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 December 31, 2015 and March 31, 2015:



	December 31, 2015					March 31, 2015
$ in thousands	Amount			Percent		Amount			Percent
Gross loans receivable:
One-to-four family	$	144,186		24	%	$	125,020		26	%
Multifamily	105,259			18	%	93,780			19	%
Commercial real estate	266,657			45	%	186,443			39	%
Construction	5,045			1	%	5,107			1	%
Business ⁽¹⁾	76,962			13	%	70,679			15	%
Consumer ⁽²⁾	85			—	%	434			—	%
Total loans receivable	$	598,194		100	%	$	481,463		100	%

Add:
Premium on loans	3,842					2,233
Less:
Deferred fees and loan discounts,net	(460		)			(503		)
Allowance for loan losses	(5,174		)			(4,477		)
Total loans receivable, net	$	596,402				$	478,716

Loans HFS	$	2,404				$	2,576

⁽¹⁾ Includes business overdrafts

⁽²⁾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 and nine month periods ended December 31, 2015 and 2014, and the fiscal year ended March 31, 2015.



Three months ended December 31, 2015
$ in thousands	One-to-four family		Multifamily		Commercial Real Estate		Construction			Business		Consumer		Total
Allowance for loan losses:
Beginning Balance	$	1,595	$	573	$	1,436	99			$	843	$	26	$	4,572
Charge-offs	77		64		—		—			43		28		212
Recoveries	—		—		1		—			59		26		86
Provision for (Recovery of) Loan Losses	113		104		470		(1		)	26		16		728
Ending Balance	$	1,631	$	613	$	1,907	$	98		$	885	$	40	$	5,174



Nine months ended December 31, 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	320			305		—		—			163			288		1,076
Recoveries	1			—		4		—			247			32		284
Provision for (Recovery of) Loan Losses	(39		)	384		874		(1		)	(12		)	283		1,489
Ending Balance	$	1,631		$	613	$	1,907	$	98		$	885		$	40	$	5,174
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	1,533			612		1,895		98			820			40		4,998
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	97			—		12		—			67			—		176

Loan Receivables Ending Balance:	$	145,980		$	106,184	$	267,448	$	5,012		$	76,867		$	85	$	601,576
Ending Balance: collectively evaluated for impairment	141,284			104,955		262,162		5,012			71,359			85		584,857
Ending Balance: individually evaluated for impairment	4,696			1,229		5,286		—			5,508			—		16,719



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 December 31, 2014
$ in thousands	One-to-four family		Multifamily			Commercial Real Estate			Construction			Business			Consumer			Total
Allowance for loan losses:
Beginning Balance	$	3,301	$	372		$	1,154		$	214		$	1,535		$	21		$	6,597
Charge-offs	112		—			—			—			—			—			112
Recoveries	—		—			2			—			540			4			546
Provision for (Recovery of) Loan Losses	225		(19		)	(291		)	(53		)	(1,004		)	(9		)	(1,151		)
Ending Balance	$	3,414	$	353		$	865		$	161		$	1,071		$	16		$	5,880



Nine months ended December 31, 2014
$ 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	195			—			—			—		—			—		195
Recoveries	379			82			256			—		763			7		1,487
Provision for (Recovery of) Loan Losses	(147		)	(37		)	(1,226		)	161		(1,397		)	1		(2,645		)
Ending Balance	$	3,414		$	353		$	865		$	161	$	1,071		$	16	$	5,880
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	2,515			172			832			161		828			15		4,523
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	899			181			32			—		244			1		1,357

Loan Receivables Ending Balance:	$	127,417		$	64,138		$	200,334		$	5,074	$	38,244		$	327	$	435,534
Ending Balance: collectively evaluated for impairment	120,367			62,648			196,229			5,074		33,638			320		418,276
Ending Balance: individually evaluated for impairment	7,050			1,490			4,105			—		4,606			7		17,258

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

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



$ in thousands	December 31, 2015		March 31, 2015
Gross loans receivable:
One-to-four family	$	2,997	$	3,664
Multifamily	1,229		1,053
Commercial real estate	3,427		2,817
Business	2,494		861
Total nonaccrual loans	$	10,147	$	8,395

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

As of December 31, 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	$	103,986	$	253,186	$	5,012	$	69,110
Special Mention	—		3,864		—		1,295
Substandard	2,198		10,398		—		6,462
Doubtful	—		—		—		—
Loss	—		—		—		—
Total	$	106,184	$	267,448	$	5,012	$	76,867

					One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing					$	142,983	$	85
Non-Performing					2,997		—
Total					$	145,980	$	85

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 December 31, 2015 and March 31, 2015.



December 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
One-to-four family	$	—	$	291	$	2,737	$	3,028	$	142,952	$	145,980
Multifamily	969		422		807		2,198		103,986		106,184
Commercial real estate	3,427		—		—		3,427		264,021		267,448
Construction	—		—		—		—		5,012		5,012
Business	640		337		1,805		2,782		74,085		76,867
Consumer	3		—		—		3		82		85
Total	$	5,039	$	1,050	$	5,349	$	11,438	$	590,138	$	601,576



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 December 31, 2015 and March 31, 2015.



	At December 31, 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	$	3,046	$	4,172	$	—	$	2,752	$	3,007	—
Multifamily	1,229		1,578		—		237		237		—
Commercial real estate	1,859		2,028		—		1,880		1,880		—
Business	2,687		2,887		—		4,568		4,652		—
With an allowance recorded:
One-to-four family	1,650		1,650		97		4,295		4,541		286
Multifamily	—		—		—		1,251		1,349		181
Commercial real estate	3,427		3,427		12		741		741		76
Business	2,821		2,821		67		788		788		13
Total	$	16,719	$	18,563	$	176	$	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 and nine month period ended December 31, 2015 and 2014.



	For the Three Months Ended December 31,									For the Nine Months Ended December 31,
	2015				2014					2015				2014
$ in thousands	Average Balance		Interest Income Recognized		Average Balance		Interest Income Recognized			Average Balance		Interest Income Recognized		Average Balance		Interest Income Recognized
With no specific allowance recorded:
One-to-four family	$	3,062	$	9	$	736	$	2		$	2,863	$	14	$	731	$	11
Multifamily	1,236		6		157		—			1,296		13		137		—
Commercial real estate	1,860		14		2,945		22			1,865		31		2,660		136
Construction	—		—		—		—			—		—		—		—
Business	2,723		21		1,014		11			2,772		64		1,032		89
Consumer and other	—		—		—		—			—		—		—
With an allowance recorded:
One-to-four family	1,652		19		6,299		14			1,660		23		6,106		101
Multifamily	—		—		1,334		2			—		—		1,336		17
Commercial real estate	3,427		—		1,171		(15		)	1,142		—		684		24
Business	2,838		32		3,678		28			2,909		67		3,466		106
Consumer and other	—		—		7		—			—		—		7		—
Total	$	16,798	$	101	$	17,341	$	64		$	14,507	$	212	$	16,159	$	484

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

he following table presents an analysis of those loan modifications that were classified as TDRs during the nine month period ended December 31, 2015.



	Modifications to loans during the nine month period ended December 31, 2015
$ in thousands	Number of loans	Pre-modification outstanding recorded investment		Post-modification recorded investment		Pre-Modification rate		Post-Modification rate
One-to-four family	1	$	96	$	96	2.63	%	2.63	%

The following table presents an analysis of those loan modifications that were classified as TDRs during the three and nine month period ended December 31, 2014.



	Modifications to loans during the three month period ended December 31, 2014									Modifications to loans during the nine month period ended December 31, 2014
$ 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	1	$	43	$	43	12.00	%	12.00	%	1	$	43	$	43	12.00	%	12.00	%
Commercial real estate	—	—		—		—	%	—	%	1	873		856		6.60	%	6.60	%
Business	1	50		50		10.50	%	10.50	%	1	50		50		10.50	%	10.50	%
Total	2	$	93	$	93					3	$	966	$	949