Loans Receivable, Net (Tables)

12 Months Ended

Mar. 31, 2014

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 March 31:

	March 31, 2014					March 31, 2013
$ in thousands	Amount			%		Amount			%
Gross loans receivable:
One-to-four family	$	111,220		29	%	$	73,625		20	%
Multifamily	47,399			12	%	56,427			15	%
Commercial real estate	198,808			51	%	203,813			55	%
Construction	5,100			1	%	1,228			—	%
Business	27,149			7	%	35,795			10	%
Consumer (1)	138			—	%	247			—	%
Total loans receivable	389,814			100	%	371,135			100	%
Add:
Premium on loans	957					728
Less:
Deferred fees and loan discounts, net	(815		)			(1,741		)
Allowance for loan losses	(7,233		)			(10,989		)
Total loans receivable, net	$	382,723				$	359,133
Loans held-for-sale	$	5,011				$	13,107

⁽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, 2014:

$ in thousands	One-to-four family		Multifamily			Commercial Real Estate			Construction			Business			Consumer			Total
Allowance for loan losses:
Beginning Balance	$	3,496	$	408		$	3,298		$	—		$	3,759		$	28		$	10,989
Charge-offs	2,887		98			574			—			966			15			4,540
Recoveries	534		31			—			149			486			10			1,210
Provision for (Recovery of) Loan Losses	2,234		(33		)	(889		)	(149		)	(1,574		)	(15		)	(426		)
Ending Balance	$	3,377	$	308		$	1,835		$	—		$	1,705		$	8		$	7,233
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	2,857		216			1,580			—			941			8			5,602
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	520		92			255			—			764			—			1,631
Loan Receivables Ending Balance	$	112,191	$	47,525		$	198,101		$	5,070		$	26,931		$	138		$	389,956
Ending Balance: collectively evaluated for impairment	105,719		45,285			189,317			5,070			21,926			137			367,454
Ending Balance: individually evaluated for impairment	6,472		2,240			8,784			—			5,005			1			22,502

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, 2013:

$ in thousands	One-to-four family		Multifamily			Commercial Real Estate			Construction			Business		Consumer			Total
Allowance for loan losses:
Beginning Balance	$	4,305	$	5,409		$	6,709		$	1,532		$	1,786	$	80		$	19,821
Charge-offs	2,103		226			1,148			151			2,274		1			5,903
Recoveries	15		91			—			22			265		5			398
Provision for (Recovery of) Loan Losses	1,279		(4,866		)	(2,263		)	(1,403		)	3,982		(56		)	(3,327		)
Ending Balance	$	3,496	$	408		$	3,298		$	—		$	3,759	$	28		$	10,989
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	3,179		409			3,103			—			1,959		28			8,678
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	317		—			194			—			1,800		—			2,311
Loan Receivables Ending Balance	$	73,987	$	56,607		$	202,771		$	1,230		$	35,277	$	250		$	370,122
Ending Balance: collectively evaluated for impairment	67,619		55,991			186,336			—			28,904		250			339,100
Ending Balance: individually evaluated for impairment	6,368		616			16,435			1,230			6,373		—			31,022

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	2014			2013			2012
Balance at beginning of the year	$	10,989		$	19,821		$	23,147
Charge-offs of loans	(4,540		)	(5,903		)	(21,935		)
Recoveries of amounts previously charged off	1,210			398			2,267
Provision for (recovery of) loan losses	(426		)	(3,327		)	16,342
Balance at end of the year	$	7,233		$	10,989		$	19,821

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

The following is a summary of nonaccrual loans at March 31, 2014 and 2013.

$ in thousands	March 31, 2014		March 31, 2013
Loans accounted for on a nonaccrual basis:
Gross loans receivable:
One-to-four family	$	2,301	$	7,642
Multifamily	2,240		423
Commercial real estate	7,024		14,788
Construction	—		1,230
Business	993		6,505
Consumer	1		38
Total nonaccrual loans	$	12,559	$	30,626

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

As of March 31, 2014, 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	$	46,028	$	184,850	$	5,070	$	20,638
Special Mention	—		7,129		—		1,295
Substandard	1,497		6,122		—		4,998
Doubtful	—		—		—		—
Loss	—		—		—		—
Total	$	47,525	$	198,101	$	5,070	$	26,931
	One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing	$	109,890	$	137
Non-Performing	2,301		1
Total	$	112,191	$	138

As of March 31, 2013, 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	$	53,419	$	165,965	$	—	$	23,651
Special Mention	—		3,400		—		2,922
Substandard	3,188		33,406		1,230		8,704
Doubtful	—		—		—		—
Loss	—		—		—		—
Total	$	56,607	$	202,771	$	1,230	$	35,277
	One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing	$	66,344	$	212
Non-Performing	7,643		38
Total	$	73,987	$	250

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, 2014.

$ 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	$	244	$	888	$	1,863	$	2,995	$	109,196	$	112,191
Multifamily	444		—		2,240		2,684		44,841		47,525
Commercial real estate	3,133		292		3,891		7,316		190,785		198,101
Construction	—		—		—		—		5,070		5,070
Business	—		131		993		1,124		25,807		26,931
Consumer	2		2		1		5		133		138
Total	$	3,823	$	1,313	$	8,988	$	14,124	$	375,832	$	389,956

The following table presents an aging analysis of the recorded investment of past due financing receivable as of March 31, 2013.

$ 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	$	586	$	28	$	7,404	$	8,018	$	65,969	$	73,987
Multifamily	238		1,142		423		1,803		54,804		56,607
Commercial real estate	1,044		846		13,964		15,854		186,917		202,771
Construction	—		—		1,230		1,230		—		1,230
Business	261		1,682		4,971		6,914		28,363		35,277
Consumer	6		1		38		45		205		250
Total	$	2,135	$	3,699	$	28,030	$	33,864	$	336,258	$	370,122

Impaired Financing Receivables [Table Text Block]

The following tables present information on impaired loans with the associated allowance amount, if applicable, at March 31, 2014 and 2013. 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,
	2014						2013
$ 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	$	639	$	893	$	—	$	1,319	$	1,460	$	—
Multifamily	—		—		—		616		616		—
Commercial real estate	3,972		4,147		—		11,070		11,270		—
Construction	—		—		—		1,230		1,492		—
Business	341		402		—		1,080		2,002		—
Consumer	—		—		—		—		—		—
With an allowance recorded:
One-to-four family	5,833		5,958		520		5,049		5,244		317
Multifamily	2,240		2,240		92		—		—		—
Commercial real estate	4,812		5,023		255		5,365		5,913		194
Business	4,664		4,664		764		5,293		5,293		1,800
Total	$	22,501	$	23,327	$	1,631	$	31,022	$	33,290	$	2,311

The following table presents information on average balances on impaired loans and the interest income recognized for the years ended March 31, 2014, 2013 and 2012.

	For the years ended March 31,
	2014				2013				2012
$ in thousands	Average Balance		Interest Income recognized		Average Balance		Interest Income recognized		Average Balance		Interest Income recognized
With no specific allowance recorded:
One-to-four family	$	1,541	$	12	$	1,215	$	47	$	1,404	$	78
Multifamily	729		17		308		5		195		21
Commercial real estate	7,941		227		9,865		235		7,375		89
Construction	393		—		1,230		53		4,603		859
Business	1,508		14		1,136		41		5,242		203
Consumer	—		—		—		—		—		—
With an allowance recorded:
One-to-four family	5,290		142		5,363		57		4,343		103
Multifamily	513		—		—		—		1,391		70
Commercial real estate	3,991		43		6,302		133		15,453		340
Construction	—		—		—		—		896		—
Business	3,899		212		4,932		254		1,336		110
Total	$	25,805	$	667	$	30,351	$	825	$	42,238	$	1,873

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, 2014 and March 31, 2013:

	Modifications to loans during the years ended March 31,
	2014									2013
$ 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	$	747	$	867	5.51	%	4.69	%	2	$	1,414	$	535	7.66	%	4.00	%
Commercial real estate	—	—		—		—	%	—	%	3	1,890		1,418		6.54	%	6.38	%
Business	1	844		719		6.00	%	6.00	%	4	2,242		2,210		7.23	%	7.21	%
Total	3	$	1,591	$	1,586					9	$	5,546	$	4,163