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Non-interest Revenue and Expense
 9 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer NON-INTEREST REVENUE AND EXPENSE
    Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain non-interest income streams such as gains on sales of residential mortgage and SBA loans, income associated with servicing assets, and loan fees, including residential mortgage originations to be sold and prepayment and late fees charged across all loan categories are also not in scope of the new guidance. Topic 606 is applicable to non-interest revenue streams, such as depository fees, service charges and commission revenues. However, the recognition of these revenue streams did not change significantly upon adoption of Topic 606. Non-interest revenue streams in-scope of Topic 606 are discussed below.

Depository fees and charges

    Depository fees and charges primarily relate to service fees on deposit accounts and fees earned from debit cards and check cashing transactions. Service fees on deposit accounts consist of ATM fees, NSF fees, account maintenance charges and other deposit related fees. The revenue is recognized monthly when the Bank's performance obligations are complete, or as incurred for transaction-based fees in accordance with the fee schedules for the Bank's deposit products and services.

Loan fees and service charges

    Loan fees and service charges primarily relate to program management fees and fees earned in accordance with the Bank's standard lending fees (such as inspection and late charges). These standard lending fees are earned on a monthly basis upon receipt.

Other non-interest income

    Other non-interest income includes correspondent banking fees, and income associated with an advertising services agreement covering marketing and use of the Bank's office space with a third party. The revenue is recognized on a monthly basis.

Interchange income
    
    The Company earns interchange fees from debit card holder transactions conducted through various payment networks. Interchangee fees from cardholder transactions are recognized daily, concurrently with the transaction processing services provided by an outsource technology solution and are presented on a net basis.
    The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and nine months ended December 31, 2021 and 2020:
Three Months Ended December 31,
Nine Months Ended December 31,
$ in thousands
2021
2020
2021
2020
Non-interest income
In-scope of Topic 606
Depository fees and charges$432 $692 $1,628 $2,041 
Loan fees and service charges52 27 190 167 
Other non-interest income976 18 2,487 722 
Non-interest income (in-scope of Topic 606)1,460 737 4,305 2,930 
Non-interest income (out-of-scope of Topic 606)371 162 2,331 1,625 
Total non-interest income$1,831 $899 $6,636 $4,555 

    The following table sets forth other non-interest income and expense totals exceeding 1% of the aggregate of total interest income and non-interest income for any of the periods presented:
Three Months Ended December 31,
Nine Months Ended December 31,
$ in thousands
2021
2020
2021
2020
Other non-interest income:
Compliance fee$— $78 $— $78 
Correspondent banking fees965 7 2,454 687 
Other177 57 267 153 
Total non-interest income$1,142 $142 $2,721 $918 
Other non-interest expense:
Advertising$133 $119 $412 $189 
Legal expense285 93 612 355 
Insurance and surety253 232 631 565 
Audit expense425 138 674 413 
Data lines / internet94 109 307 318 
Retail expenses115 216 602 607 
Loss contingency(770)— 1,203 — 
Director's fees131 85 273 255 
Other704 467 2,030 1,555 
Total non-interest expense$1,370 $1,459 $6,744 $4,257