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Loans Receivable and ALLL (Tables)
 9 Months Ended
Dec. 31, 2019
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable The following is a summary of loans receivable at December 31, 2019 and March 31, 2019:
December 31, 2019March 31, 2019
$ in thousandsAmountPercentAmountPercent
Gross loans receivable:    
One-to-four family$111,218  26.6 %$108,363  25.5 %
Multifamily83,503  19.9 %86,177  20.2 %
Commercial real estate134,884  32.2 %130,812  30.7 %
Business (1)
85,646  20.5 %96,430  22.7 %
Consumer (2)
3,552  0.8 %4,023  0.9 %
Total loans receivable$418,803  100.0 %$425,805  100.0 %
Unamortized premiums, deferred costs and fees, net3,516  3,023  
Allowance for loan losses(4,607) (4,646) 
Total loans receivable, net$417,712  $424,182  
(1) Includes business overdrafts
(2) Includes personal loans and consumer overdrafts
Allowance for Loan Losses 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, 2019 and 2018, and the fiscal year ended March 31, 2019.
Three months ended December 31, 2019
$ in thousandsOne-to-four
family		MultifamilyCommercial Real EstateBusinessConsumer UnallocatedTotal
Allowance for loan losses:     
Beginning Balance1,289  884  695  1,491  248  18  $4,625  
Charge-offs(12) —  —  (13) (8) —  (33) 
Recoveries—  —  —  7  —  —  7  
Provision for (recovery of) Loan Losses(96) 36  (4) (1) (9) 82  8  
Ending Balance$1,181  $920  $691  $1,484  $231  $100  $4,607  

Nine months ended December 31, 2019
$ in thousandsOne-to-four
family		MultifamilyCommercial Real EstateBusinessConsumer UnallocatedTotal
Allowance for loan losses:     
Beginning Balance$1,274  $885  $766  $1,330  $154  $237  $4,646  
Charge-offs(12) —  —  (69) (81) —  (162) 
Recoveries8  —  —  97  2  —  107  
Provision for (recovery of) Loan Losses(89) 35  (75) 126  156  (137) 16  
Ending Balance$1,181  $920  $691  $1,484  $231  $100  $4,607  
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment$1,023  $920  $691  $1,474  $231  $100  $4,439  
Allowance for Loan Losses Ending Balance: individually evaluated for impairment158  —  —  10  —  —  168  
Loan Receivables Ending Balance:$113,352  $84,072  $135,424  $85,883  $3,588  $—  $422,319  
Ending Balance: collectively evaluated for impairment108,250  83,694  135,424  82,438  3,588  —  413,394  
Ending Balance: individually evaluated for impairment5,102  378  —  3,445  —  —  8,925  

At March 31, 2019
$ in thousandsOne-to-four familyMultifamilyCommercial Real EstateBusinessConsumerUnallocatedTotal
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment$1,103  $885  $766  $1,312  $154  $237  $4,457  
Allowance for Loan Losses Ending Balance: individually evaluated for impairment171  —  —  18  —  —  189  
Loan Receivables Ending Balance:$109,926  $86,886  $131,292  $96,661  $4,063  $—  $428,828  
Ending Balance: collectively evaluated for impairment104,509  83,672  130,816  93,399  4,063  —  416,459  
Ending Balance: individually evaluated for impairment5,417  3,214  476  3,262  —  —  12,369  
Three months ended December 31, 2018
$ in thousandsOne-to-four familyMultifamilyCommercial Real EstateBusinessConsumerUnallocatedTotal
Allowance for loan losses:
Beginning Balance$1,481  $939  $702  $1,530  $140  $—  $4,792  
Charge-offs(6) —  —  (490) (7) —  (503) 
Recoveries186  —  —  658  1  —  845  
Provision for (recovery of) Loan Losses(198) (65) 36  (320) (12) 227  (332) 
Ending Balance$1,463  $874  $738  $1,378  $122  $227  $4,802  

Nine months ended December 31, 2018
$ in thousandsOne-to-four familyMultifamilyCommercial Real EstateBusinessConsumerUnallocatedTotal
Allowance for loan losses:
Beginning Balance$1,210  $1,819  $1,052  $1,003  $18  $24  $5,126  
Charge-offs(151) (100) —  (830) (12) —  (1,093) 
Recoveries186  158  —  667  36  —  1,047  
Provision for (recovery of) Loan Losses218  (1,003) (314) 538  80  203  (278) 
Ending Balance$1,463  $874  $738  $1,378  $122  $227  $4,802  
Schedule Nonaccrual Loans The following is a summary of nonaccrual loans at December 31, 2019 and March 31, 2019.
$ in thousandsDecember 31, 2019March 31, 2019
Gross loans receivable: 
One-to-four family$4,053  $4,488  
Multifamily378  3,214  
Commercial real estate—  476  
Business2,754  2,051  
Consumer8  65  
Total nonaccrual loans$7,193  $10,294  
Loans Receivable, Credit Quality Indicators At December 31, 2019, and based on the most recent analysis performed in the current quarter, the risk category by class of loans is as follows:
$ in thousandsMultifamilyCommercial
Real Estate		Business
Credit Risk Profile by Internally Assigned Grade:   
Pass$83,694  $134,803  $78,458  
Special Mention—  621  3,951  
Substandard378  —  3,474  
Total$84,072  $135,424  $85,883  
One-to-four familyConsumer
Credit Risk Profile Based on Payment Activity:
Performing$109,299  $3,580  
Non-Performing4,053  8  
Total$113,352  $3,588  

        At March 31, 2019, and based on the most recent analysis performed, the risk category by class of loans is as follows:
$ in thousandsMultifamilyCommercial Real EstateBusiness
Credit Risk Profile by Internally Assigned Grade:
Pass$83,672  $128,319  $90,336  
Special Mention—  2,497  2,425  
Substandard 3,214  476  3,900  
Total$86,886  $131,292  $96,661  
One-to-four familyConsumer
Credit Risk Profile Based on Payment Activity:
Performing$106,531  $4,063  
Non-Performing3,395  —  
Total$109,926  $4,063  
Past Due Financing Receivables The following table presents an aging analysis of the recorded investment of past due loans receivables at December 31, 2019 and March 31, 2019.
December 31, 2019
$ in thousands30-59 Days
Past Due		60-89 Days
Past Due		90 or More Days Past DueTotal Past
Due		CurrentTotal Loans
Receivables
One-to-four family$1,196  $—  $3,668  $4,864  $108,488  $113,352  
Multifamily—  505  —  505  83,567  84,072  
Commercial real estate4,651  1,333  —  5,984  129,440  135,424  
Business2,777  4  1,830  4,611  81,272  85,883  
Consumer2  6  —  8  3,580  3,588  
Total$8,626  $1,848  $5,498  $15,972  $406,347  $422,319  
March 31, 2019
$ in thousands30-59 Days
Past Due		60-89 Days
Past Due		90 or More Days Past DueTotal Past
Due		CurrentTotal Loans Receivables
One-to-four family$1,827  $—  $3,395  $5,222  $104,704  $109,926  
Multifamily2,580  —  2,118  4,698  82,188  86,886  
Commercial real estate121  —  —  121  131,171  131,292  
Business780  —  599  1,379  95,282  96,661  
Consumer87  53  65  205  3,858  4,063  
Total$5,395  $53  $6,177  $11,625  $417,203  $428,828  
Impaired Loans The following table presents information on impaired loans with the associated allowance amount, if applicable, at December 31, 2019 and March 31, 2019.
At December 31, 2019At March 31, 2019
$ in thousandsRecorded
Investment		Unpaid
Principal
Balance		Associated
Allowance		Recorded
Investment		Unpaid
Principal
Balance		Associated
Allowance
With no specific allowance recorded:
One-to-four family$4,291  $5,296  $—  $4,488  $5,643  $—  
Multifamily378  378  —  3,214  3,214  —  
Commercial real estate—  —  —  476  476  —  
Business2,774  2,847  —  1,974  2,017  —  
With an allowance recorded:
One-to-four family811  806  158  929  929  171  
Business671  671  10  1,288  1,288  18  
Total$8,925  $9,998  $168  $12,369  $13,567  $189  

        The following tables presents information on average balances of impaired loans and the interest income recognized on a cash basis for the three and nine month periods ended December 31, 2019 and 2018.
For the Three Months Ended December 31,For the Nine Months Ended December 31,
2019201820192018
$ in thousandsAverage BalanceInterest Income RecognizedAverage BalanceInterest Income RecognizedAverage BalanceInterest Income RecognizedAverage BalanceInterest Income Recognized
With no specific allowance recorded:
One-to-four family$4,143  $14  $4,608  $25  $4,390  $43  $4,973  $60  
Multifamily1,406  14  2,518  11  1,796  45  1,836  29  
Commercial real estate—  —  486  8  238  —  1,011  16  
Business2,096  16  1,204  —  2,374  41  1,192  6  
With an allowance recorded:
One-to-four family813  —  938  —  870  —  1,000  —  
Multifamily—  —  —  —  —  —  371  —  
Business780  —  2,428  —  979  —  2,239  4  
Total$9,238  $44  $12,182  $44  $10,647  $129  $12,622  $115  
Troubled Debt Restructuring In certain circumstances, the Bank will modify a loan as part of a TDR under GAAP. Situations around these modifications may include extension of maturity date, reduction in the stated interest rate, rescheduling of future cash flows, reduction in the face amount of the debt or reduction of past accrued interest. Loans modified in TDRs are placed on nonaccrual status until the Company determines that future collection of principal and interest is reasonably assured, which generally requires that the borrower demonstrate performance according to the restructured terms for a period of at least six months. There were no loan modifications made during the three and nine month periods ended December 31, 2019. There
were two loan modification made during the three month period and three modifications made during the nine month period ended December 31, 2018. The following table presents an analysis of the loan modifications that were classified as TDRs during the three and nine month periods ended December 31, 2018.
Modifications to loans during the three month period endedModifications to loans during the nine month period ended
December 31, 2018December 31, 2018
$ in thousandsNumber of loansPre-modification outstanding recorded investmentPost-Modification Recorded investmentPre-Modification ratePost-Modification rateNumber of loansPre-modification outstanding recorded investmentPost-Modification Recorded investmentPre-Modification ratePost-Modification rate
Business2  $1,014  $648  6.11 %6.24 %3  $2,776  $2,360  6.51 %6.06 %