XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.25.2

Loans Receivable and Allowance for Credit Losses | 3 Months Ended
--- | ---
Jun. 30, 2025
Loans and Leases Receivable Disclosure [Abstract] |
Loans Receivable and Allowance for Credit Losses | LOANS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES The loans receivable portfolio is segmented into one-to-four family, multifamily, commercial real estate, construction, business (including Small Business Administration loans), and consumer loans. The ACL reflects management’s estimate of lifetime credit losses inherent in loans as of the balance sheet date. Management uses a disciplined process and methodology to calculate the ACL each quarter. To determine the total ACL, management estimates the reserves needed for each segment of the loan portfolio, including loans analyzed individually and loans analyzed on a pooled basis. The following is a summary of loans receivable, net of allowance for credit losses at June 30, 2025 and March 31, 2025:
|  | June 30, 2025 |  | March 31, 2025
$ in thousands |  | Amount |  | Percent |  | Amount |  | Percent
Loans receivable: |  |  |  |  |  |  |  |
One-to-four family |  | $ | 71,956 |  |  | 11.9 | % |  | $ | 74,387 |  |  | 12.1 | %
Multifamily |  | 164,696 |  |  | 27.2 | % |  | 165,812 |  |  | 27.0 | %
Commercial real estate |  | 171,693 |  |  | 28.4 | % |  | 178,257 |  |  | 29.1 | %
Construction |  | 4,640 |  |  | 0.7 | % |  | 4,567 |  |  | 0.7 | %
Business (1) |  | 165,280 |  |  | 27.3 | % |  | 164,964 |  |  | 26.9 | %
Consumer (2) |  | 26,993 |  |  | 4.5 | % |  | 25,697 |  |  | 4.2 | %
Total loans receivable |  | $ | 605,258 |  |  | 100.0 | % |  | $ | 613,684 |  |  | 100.0 | %
Allowance for credit losses |  | (6,321) |  |  |  |  | (6,337) |  |  |
Total loans receivable, net |  | $ | 598,937 |  |  |  |  | $ | 607,347 |  |  |
(1) Includes PPP loans and business overdrafts (2) Includes personal loans and consumer overdrafts The totals above are shown net of deferred loan fees and costs. Net deferred loan fees totaled $2.5 million and $2.6 million at June 30, 2025 and March 31, 2025, respectively. The Bank purchased $3.5 million of consumer loans during the three months ended June 30, 2025. 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 three months ended June 30, 2025 and 2024, and the fiscal year ended March 31, 2025.
Three months ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |
$ in thousands |  | One-to-four family |  | Multifamily |  | Commercial Real Estate |  | Construction |  | Business |  | Consumer |  | Unallocated |  | Total
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance |  | $ | 1,799 |  |  | $ | 820 |  |  | $ | 1,465 |  |  | $ | 3 |  |  | $ | 1,646 |  |  | $ | 593 |  |  | $ | 11 |  |  | $ | 6,337 |
Charge-offs |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (47) |  |  | — |  |  | (47) |
Recoveries |  | — |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | 51 |  |  | — |  |  | 57 |
Provision for (recovery of) Credit Losses |  | (261) |  |  | 519 |  |  | (543) |  |  | (2) |  |  | 122 |  |  | 137 |  |  | 2 |  |  | (26) |
Ending Balance |  | $ | 1,538 |  |  | $ | 1,339 |  |  | $ | 922 |  |  | $ | 1 |  |  | $ | 1,774 |  |  | $ | 734 |  |  | $ | 13 |  |  | $ | 6,321 |
Allowance for Credit Losses Ending Balance: collectively evaluated for impairment |  | $ | 1,538 |  |  | $ | 1,339 |  |  | $ | 861 |  |  | $ | 1 |  |  | $ | 1,671 |  |  | $ | 650 |  |  | $ | 13 |  |  | $ | 6,073 |
Allowance for Credit Losses Ending Balance: individually evaluated for impairment |  | — |  |  | — |  |  | 61 |  |  | — |  |  | 103 |  |  | 84 |  |  | — |  |  | 248 |
Loan Receivables Ending Balance: |  | $ | 71,956 |  |  | $ | 164,696 |  |  | $ | 171,693 |  |  | $ | 4,640 |  |  | $ | 165,280 |  |  | $ | 26,993 |  |  | $ | — |  |  | $ | 605,258 |
Ending Balance: collectively evaluated for impairment |  | 70,024 |  |  | 160,763 |  |  | 163,130 |  |  | 4,640 |  |  | 152,044 |  |  | 26,893 |  |  | — |  |  | 577,494 |
Ending Balance: individually evaluated for impairment |  | 1,932 |  |  | 3,933 |  |  | 8,563 |  |  | — |  |  | 13,236 |  |  | 100 |  |  | — |  |  | 27,764 |
At March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
$ in thousands |  | One-to-four family |  | Multifamily |  | Commercial Real Estate |  | Construction |  | Business |  | Consumer |  | Unallocated |  | Total
Allowance for Credit Losses 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 |

X
- References No definition available. + Details
Name: | us-gaap_LoansAndLeasesReceivableDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration