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Loans Receivable and ACL (Tables) | 12 Months Ended
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Mar. 31, 2025
Loans and Leases Receivable Disclosure [Abstract] |
Loans Receivable and ACL | The following is a summary of loans receivable, net of allowance for credit losses at March 31:
| March 31, 2025 |  | March 31, 2024
$ in thousands | Amount |  | % |  | Amount |  | %
One-to-four family | $ | 74,387 |  |  | 12.1 | % |  | $ | 82,787 |  |  | 13.3 | %
Multifamily | 165,812 |  |  | 27.0 | % |  | 177,203 |  |  | 28.4 | %
Commercial real estate | 178,257 |  |  | 29.1 | % |  | 175,384 |  |  | 28.2 | %
Construction | 4,567 |  |  | 0.7 | % |  | 2,203 |  |  | 0.4 | %
Business (1) | 164,964 |  |  | 26.9 | % |  | 169,602 |  |  | 27.2 | %
Consumer (2) | 25,697 |  |  | 4.2 | % |  | 15,699 |  |  | 2.5 | %
Total loans receivable | 613,684 |  |  | 100.0 | % |  | 622,878 |  |  | 100.0 | %
Allowance for credit losses | (6,337) |  |  |  |  | (5,871) |  |  |
Total loans receivable, net | $ | 607,347 |  |  |  |  | $ | 617,007 |  |  |
(1) Includes business overdrafts of $50 thousand and $73 thousand as of March 31, 2025 and 2024, respectively (2) Includes consumer overdrafts of $18 thousand and $15 thousand as of March 31, 2025 and 2024, respectively
Allowance for Credit Losses | The following is an analysis of the allowance for credit losses based upon the method of evaluating loan reserves under the expected loss methodology for the fiscal years ended March 31, 2025 and 2024:
At March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$ in thousands |  | One-to-four family |  | Multifamily |  | Commercial Real Estate |  | Construction |  | Business |  | Consumer |  | Other |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 2,005 |  |  | $ | 720 |  |  | $ | 1,222 |  |  | $ | 1 |  |  | $ | 1,415 |  |  | $ | 450 |  |  | $ | 58 |  |  | $ | 5,871 |
Charge-offs |  | — |  |  | — |  |  | — |  |  | — |  |  | (289) |  |  | (581) |  |  | — |  |  | (870) |
Recoveries |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | 135 |  |  | — |  |  | 145 |
Provision for (Recovery of) Credit Losses |  | (206) |  |  | 100 |  |  | 243 |  |  | 2 |  |  | 510 |  |  | 589 |  |  | (47) |  |  | 1,191 |
Ending Balance |  | $ | 1,799 |  |  | $ | 820 |  |  | $ | 1,465 |  |  | $ | 3 |  |  | $ | 1,646 |  |  | $ | 593 |  |  | $ | 11 |  |  | $ | 6,337 |
Allowance for Credit Losses Ending Balance: collectively evaluated for impairment |  | $ | 1,799 |  |  | $ | 820 |  |  | $ | 1,404 |  |  | $ | 3 |  |  | $ | 1,547 |  |  | $ | 560 |  |  | $ | 11 |  |  | $ | 6,144 |
Allowance for Credit Losses Ending Balance: individually evaluated for impairment |  | — |  |  | — |  |  | 61 |  |  | — |  | 99 |  |  | 33 |  |  | — |  |  | 193 |
Loan Receivables Ending Balance |  | $ | 74,387 |  |  | $ | 165,812 |  |  | $ | 178,257 |  |  | $ | 4,567 |  |  | $ | 164,964 |  |  | $ | 25,697 |  |  | $ | — |  |  | $ | 613,684 |
Ending Balance: collectively evaluated for impairment |  | 72,888 |  |  | 161,879 |  |  | 169,935 |  |  | 4,567 |  |  | 151,885 |  |  | 25,664 |  |  | — |  |  | 586,818 |
Ending Balance: individually evaluated for impairment |  | 1,499 |  |  | 3,933 |  |  | 8,322 |  |  | — |  | 13,079 |  |  | 33 |  |  | — |  |  | 26,866 |
At March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$ in thousands |  | One-to-four family |  | Multifamily |  | Commercial Real Estate |  | Construction |  | Business |  | Consumer |  | Other |  | Total
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 716 |  |  | $ | 1,109 |  |  | $ | 1,814 |  |  | $ | — |  |  | $ | 1,139 |  |  | $ | 449 |  |  | $ | 2 |  |  | $ | 5,229 |
Impact of CECL adoption |  | 1,220 |  |  | (392) |  |  | (497) |  |  |  |  | 505 |  |  | (166) |  |  | (2) |  |  | 668 |
Charge-offs |  | — |  |  | — |  |  | — |  |  | — |  |  | (10) |  |  | (160) |  |  | — |  |  | (170) |
Recoveries |  | — |  |  | — |  |  | — |  |  | — |  |  | 55 |  |  | 6 |  |  | — |  |  | 61 |
Provision for (Recovery of) Loan Losses |  | 69 |  |  | 3 |  |  | (95) |  |  | 1 |  |  | (274) |  | g | 321 |  |  | 58 |  |  | 83 |
Ending Balance |  | $ | 2,005 |  |  | $ | 720 |  |  | $ | 1,222 |  |  | $ | 1 |  |  | $ | 1,415 |  |  | $ | 450 |  |  | $ | 58 |  |  | $ | 5,871 |
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment |  | $ | 2,005 |  |  | $ | 720 |  |  | $ | 1,222 |  |  | $ | 1 |  |  | $ | 1,408 |  |  | $ | 449 |  |  | $ | 58 |  |  | $ | 5,863 |
Allowance for Loan Losses Ending Balance: individually evaluated for impairment |  | — |  |  | — |  |  | — |  |  | — |  | 7 |  |  | 1 |  |  | — |  |  | 8 |
Loan Receivables Ending Balance |  | $ | 82,787 |  |  | $ | 177,203 |  |  | $ | 175,384 |  |  | $ | 2,203 |  |  | $ | 169,602 |  |  | $ | 15,699 |  |  | $ | — |  |  | $ | 622,878 |
Ending Balance: collectively evaluated for impairment |  | 78,636 |  |  | 174,718 |  |  | 170,862 |  |  | 2,203 |  |  | 156,340 |  |  | 15,654 |  |  | — |  |  | 598,413 |
Ending Balance: individually evaluated for impairment |  | 4,151 |  |  | 2,485 |  |  | 4,522 |  |  | — |  | 13,262 |  |  | 45 |  |  | — |  |  | 24,465 |
Nonaccrual Loans | The following is a summary of nonaccrual loans, at amortized cost, at March 31, 2025 and 2024.
|  | March 31, 2025
$ in thousands |  | Nonaccrual Loans with No Allowance |  | Nonaccrual Loans with an Allowance |  | Total Nonaccrual Loans
Gross loans receivable: |  |  |  |  |  |
One-to-four family |  | $ | 1,519 |  |  | $ | — |  |  | $ | 1,519 |
Multifamily |  | 3,937 |  |  | — |  |  | 3,937 |
Commercial real estate |  | 4,545 |  |  | 2,202 |  |  | 6,747 |
Business |  | 12,255 |  |  | 104 |  |  | 12,359 |
Consumer |  | — |  |  | 33 |  |  | 33 |
Total nonaccrual loans |  | $ | 22,256 |  |  | $ | 2,339 |  |  | $ | 24,595 |
| March 31, 2024
$ in thousands | Nonaccrual Loans with No Allowance |  | Nonaccrual Loans with an Allowance |  | Total Nonaccrual Loans
Gross loans receivable: |  |  |  |  |
One-to-four family | $ | 3,554 |  |  | $ | — |  |  | $ | 3,554 |
Multifamily | 2,238 |  |  | — |  |  | 2,238 |
Commercial real estate | 4,522 |  |  | — |  |  | 4,522 |
Business | 1,317 |  |  | 100 |  |  | 1,417 |
Consumer | — |  |  | 44 |  |  | 44 |
Total nonaccrual loans | $ | 11,631 |  |  | $ | 144 |  |  | $ | 11,775 |
Credit Quality Indicators | ased on the most recent analysis performed in the current quarter as of March 31, 2025 and 2024:
At March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$ in thousands |  | 2025 |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 and earlier |  | Revolving Loans |  | Total
Credit Risk Profile by Internally Assigned Grade: |  |  |  |  |  |  |  |  |  |
Multifamily |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | — |  |  | $ | 1,719 |  |  | $ | 6,501 |  |  | $ | 50,072 |  |  | $ | 37,122 |  |  | $ | 57,167 |  |  | — |  |  | $ | 152,581 |
Special Mention |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,004 |  |  | — |  |  | — |  |  | 10,004 |
Substandard |  | — |  |  | — |  |  | — |  |  | 1,093 |  |  | 1,380 |  |  | 754 |  |  | — |  |  | 3,227 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | — |  |  | 1,719 |  |  | 6,501 |  |  | 51,165 |  |  | 48,506 |  |  | 57,921 |  |  | — |  |  | 165,812 |
Commercial Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 1,750 |  |  | $ | 12,913 |  |  | $ | 28,834 |  |  | $ | 30,728 |  |  | $ | 20,250 |  |  | $ | 71,793 |  |  | — |  |  | $ | 166,268 |
Special Mention |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,023 |  |  | $ | 644 |  |  | — |  |  | 3,667 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,800 |  |  | $ | 4,522 |  |  | — |  |  | 8,322 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | $ | — |  |  | $ | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | $ | — |  |  | $ | — |  |  | — |
Total |  | 1,750 |  |  | 12,913 |  |  | 28,834 |  |  | 30,728 |  |  | 27,073 |  |  | 76,959 |  |  | — |  |  | 178,257 |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | — |  |  | $ | — |  |  | $ | 4,567 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4,567 |
Special Mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | — |  |  | — |  |  | 4,567 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,567 |
Business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 2,807 |  |  | $ | 24,325 |  |  | $ | 18,978 |  |  | $ | 25,906 |  |  | $ | 39,992 |  |  | $ | 38,115 |  |  | — |  |  | $ | 150,123 |
Special Mention |  | — |  |  | — |  |  | — |  |  | 1,803 |  |  | 438 |  |  | — |  |  | — |  |  | 2,241 |
Substandard |  | — |  |  | — |  |  | — |  |  | 7,950 |  |  | 4,307 |  |  | 343 |  |  | — |  |  | 12,600 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 2,807 |  |  | 24,325 |  |  | 18,978 |  |  | 35,659 |  |  | 44,737 |  |  | 38,458 |  |  | — |  |  | 164,964 |
Gross charge-offs |  | — |  |  | — |  |  | — |  |  | 160 |  |  | — |  |  | 129 |  |  | — |  |  | 289 |
Credit Risk Profile Based on Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | — |  |  | $ | — |  |  | $ | 20,793 |  |  | $ | 3,764 |  |  | $ | 12,411 |  |  | $ | 35,920 |  |  | $ | — |  |  | $ | 72,888 |
Non-Performing |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,499 |  |  | — |  |  | 1,499 |
Total |  | — |  |  | — |  |  | 20,793 |  |  | 3,764 |  |  | 12,411 |  |  | 37,419 |  |  | — |  |  | 74,387 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 11,206 |  | $ | — |  | $ | 4,556 |  | $ | — |  | $ | 8,384 |  | $ | — |  | $ | 304 |  |  | $ | — |  |  | $ | 1,193 |  |  | $ | — |  |  | $ | 25,643 |
Non-Performing |  | — |  |  | 22 |  |  | 17 |  |  | 15 |  |  | — |  |  | — |  |  | — |  |  | 54 |
Total |  | 11,206 |  |  | 4,578 |  |  | 8,401 |  |  | 319 |  |  | — |  |  | 1,193 |  |  | — |  |  | 25,697 |
Gross charge-offs |  | — |  |  | 52 |  |  | 303 |  |  | 14 |  |  | — |  |  | 212 |  |  | — |  |  | 581 |
Total Loans (excluding gross charge-offs) |  | $ | 15,763 |  |  | $ | 43,535 |  |  | $ | 88,074 |  |  | $ | 121,635 |  |  | $ | 132,727 |  |  | $ | 211,950 |  |  | $ | — |  |  | $ | 613,684 |
At March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$ in thousands |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 and earlier |  | Revolving Loans |  | Total
Credit Risk Profile by Internally Assigned Grade: |  |  |  |  |  |  |  |  |  |
Multifamily |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 980 |  |  | $ | 6,587 |  |  | $ | 53,516 |  |  | $ | 50,778 |  |  | $ | 28,483 |  |  | $ | 34,374 |  |  | $ | — |  |  | $ | 174,718 |
Special Mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | 1,451 |  |  | 754 |  |  | 280 |  |  | — |  |  | 2,485 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 980 |  |  | 6,587 |  |  | 53,516 |  |  | 52,229 |  |  | 29,237 |  |  | 34,654 |  |  | — |  |  | 177,203 |
Commercial Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 2,450 |  |  | $ | 29,064 |  |  | $ | 31,313 |  |  | $ | 27,635 |  |  | $ | 16,951 |  |  | $ | 62,775 |  |  | $ | — |  |  | $ | 170,188 |
Special Mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 674 |  |  | — |  |  | 674 |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,522 |  |  | — |  |  | 4,522 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 2,450 |  |  | 29,064 |  |  | 31,313 |  |  | 27,635 |  |  | 16,951 |  |  | 67,971 |  |  | — |  |  | 175,384 |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | — |  |  | $ | 2,203 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,203 |
Special Mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | — |  |  | 2,203 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,203 |
Business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 7,050 |  |  | $ | 21,315 |  |  | $ | 32,675 |  |  | $ | 52,839 |  |  | $ | 10,845 |  |  | $ | 32,587 |  |  | $ | — |  |  | 157,311 |
Special Mention |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Substandard |  | — |  |  | — |  |  | 7,939 |  |  | 3,987 |  |  | — |  |  | 365 |  |  | — |  |  | 12,291 |
Doubtful |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 7,050 |  |  | 21,315 |  |  | 40,614 |  |  | 56,826 |  |  | 10,845 |  |  | 32,952 |  |  | — |  |  | 169,602 |
Gross charge-offs |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Credit Risk Profile Based on Payment Activity: |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | — |  |  | $ | 22,247 |  |  | $ | 3,830 |  |  | $ | 13,422 |  |  | $ | 1,424 |  |  | $ | 39,002 |  |  | $ | — |  |  | $ | 79,925 |
Non-Performing |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,862 |  |  | — |  |  | 2,862 |
Total |  | — |  |  | 22,247 |  |  | 3,830 |  |  | 13,422 |  |  | 1,424 |  |  | 41,864 |  |  | — |  |  | 82,787 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 2,003 |  | $ | — |  | $ | 11,891 |  | $ | — |  | $ | 570 |  | $ | — |  | $ | 4 |  |  | $ | 16 |  |  | $ | 1,172 |  |  | $ | — |  |  | $ | 15,656 |
Non-Performing |  | — |  |  | 42 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 43 |
Total |  | 2,003 |  |  | 11,933 |  |  | 571 |  |  | 4 |  |  | 16 |  |  | 1,172 |  |  | — |  |  | 15,699 |
Gross charge-offs |  | — |  |  | 18 |  |  | 1 |  |  | — |  |  | — |  |  | 141 |  |  | — |  |  | 160 |
Total Loans (excluding gross charge-offs) |  | $ | 12,483 |  |  | $ | 93,349 |  |  | $ | 129,844 |  |  | $ | 150,116 |  |  | $ | 58,473 |  |  | $ | 178,613 |  |  | $ | — |  |  | $ | 622,878 |
L
Past Due Financing Receivables | The following tables present an aging analysis of the amortized cost of past due loans receivable at March 31, 2025 and 2024.
March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$ in thousands | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 or More Days Past Due |  | Total Past Due |  |  |  |  |  |  |  | Current |  | Total Loans Receivable
One-to-four family | $ | 804 |  |  | $ | — |  |  | $ | 1,499 |  |  | $ | 2,303 |  |  |  |  |  |  |  |  | $ | 72,084 |  |  | $ | 74,387 |
Multifamily | 7,521 |  |  | 1,093 |  |  | 2,840 |  |  | 11,454 |  |  |  |  |  |  |  |  | 154,358 |  |  | 165,812 |
Commercial real estate | 1,314 |  |  | — |  |  | 6,722 |  |  | 8,036 |  |  |  |  |  |  |  |  | 170,221 |  |  | 178,257 |
Construction | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  | 4,567 |  |  | 4,567 |
Business | 9,265 |  |  | 956 |  |  | 12,156 |  |  | 22,377 |  |  |  |  |  |  |  |  | 142,587 |  |  | 164,964 |
Consumer | 108 |  |  | 85 |  |  | 33 |  |  | 226 |  |  |  |  |  |  |  |  | 25,471 |  |  | 25,697 |
Total | $ | 19,012 |  |  | $ | 2,134 |  |  | $ | 23,250 |  |  | $ | 44,396 |  |  |  |  |  |  |  |  | $ | 569,288 |  |  | $ | 613,684 |
March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$ in thousands | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90 or More Days Past Due |  | Total Past Due |  |  |  |  |  |  |  | Current |  | Total Loans Receivable
One-to-four family | $ | 164 |  |  | $ | — |  |  | $ | 2,859 |  |  | $ | 3,023 |  |  |  |  |  |  |  |  | $ | 79,764 |  |  | $ | 82,787 |
Multifamily | — |  |  | — |  |  | 2,205 |  |  | 2,205 |  |  |  |  |  |  |  |  | 174,998 |  |  | 177,203 |
Commercial real estate | — |  |  | — |  |  | 4,660 |  |  | 4,660 |  |  |  |  |  |  |  |  | 170,724 |  |  | 175,384 |
Construction | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  | 2,203 |  |  | 2,203 |
Business | 1,959 |  |  | 214 |  |  | 12,071 |  |  | 14,244 |  |  |  |  |  |  |  |  | 155,358 |  |  | 169,602 |
Consumer | 151 |  |  | 54 |  |  | — |  |  | 205 |  |  |  |  |  |  |  |  | 15,494 |  |  | 15,699 |
Total | $ | 2,274 |  |  | $ | 268 |  |  | $ | 21,795 |  |  | $ | 24,337 |  |  |  |  |  |  |  |  | $ | 598,541 |  |  | $ | 622,878 |
Collateral Dependent Loans | The following table presents the amortized cost of collateral dependent loans with the associated allowance amount, if applicable, as of March 31, 2025 and 2024:
|  | At March 31, 2025 |  | At March 31, 2024
|  | Collateral Type |  |  |  | Collateral Type |  |
$ in thousands |  | Real Estate |  | Other |  | Allowance Allocated |  | Real Estate |  | Other |  | Allowance Allocated
One-to-four family |  | $ | 1,012 |  |  | $ | 487 |  |  | $ | — |  |  | $ | 4,151 |  |  | $ | — |  |  | $ | — |
Multifamily |  | 3,933 |  |  | — |  |  | — |  |  | 2,485 |  |  | — |  |  | — |
Commercial real estate |  | 8,322 |  |  | — |  |  | 61 |  |  | 4,522 |  |  | — |  |  | — |
Business |  | 13,018 |  |  | 62 |  |  | 99 |  |  | 12,196 |  |  | 1,066 |  |  | 7 |
Consumer |  | 4 |  |  | 28 |  |  | 33 |  |  | — |  |  | 45 |  |  | 1 |
|  | $ | 26,289 |  |  | $ | 577 |  |  | $ | 193 |  |  | $ | 23,354 |  |  | $ | 1,111 |  |  | $ | 8 |
Real estate collateral includes one-to-four family, multifamily and commercial properties. Collateral types securing business loans include accounts receivable. There have been no significant changes to the types of collateral securing the Bank's collateral dependent loans.

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