ALLOWANCE FOR LOAN LOSSES (Tables)

9 Months Ended

Dec. 31, 2019

ALLOWANCE FOR LOAN LOSSES

Schedule of reconciliation of the allowance for loan losses

The following tables present a reconciliation of the allowance for loan losses for the periods indicated (in thousands):

Three months ended	Commercial		Commercial				Multi-		Real Estate
December 31, 2019	Business		Real Estate		Land		Family		Construction		Consumer		Unallocated		Total
Beginning balance	$	2,051	$	5,038	$	219	$	779	$	1,381	$	1,347	$	621	$	11,436
Provision for (recapture of) loan losses		—		(20)		16		(14)		86		(76)		8		—
Charge-offs		—		—		—		—		—		(13)		—		(13)
Recoveries		—		—		—		—		—		10		—		10
Ending balance	$	2,051	$	5,018	$	235	$	765	$	1,467	$	1,268	$	629	$	11,433

Nine months ended
December 31, 2019
Beginning balance	$	1,808	$	5,053	$	254	$	728	$	1,457	$	1,447	$	710	$	11,457
Provision for (recapture of) loan losses		246		(35)		(19)		37		10		(158)		(81)		—
Charge-offs		(3)		—		—		—		—		(67)		—		(70)
Recoveries		—		—		—		—		—		46		—		46
Ending balance	$	2,051	$	5,018	$	235	$	765	$	1,467	$	1,268	$	629	$	11,433

Three months ended	Commercial		Commercial				Multi-		Real Estate
December 31, 2018	Business		Real Estate		Land		Family		Construction		Consumer		Unallocated		Total
Beginning balance	$	1,858	$	5,361	$	237	$	696	$	1,007	$	1,641	$	713	$	11,513
Provision for (recapture of) loan losses		84		(80)		31		19		186		(177)		(63)		—
Charge-offs		—		—		—		—		—		(52)		—		(52)
Recoveries		—		—		—		—		—		41		—		41
Ending balance	$	1,942	$	5,281	$	268	$	715	$	1,193	$	1,453	$	650	$	11,502

Nine months ended
December 31, 2018
Beginning balance	$	1,668	$	4,914	$	220	$	822	$	618	$	1,809	$	715	$	10,766
Provision for (recapture of) loan losses		274		(456)		48		(107)		575		(219)		(65)		50
Charge-offs		—		—		—		—		—		(236)		—		(236)
Recoveries		—		823		—		—		—		99		—		922
Ending balance	$	1,942	$	5,281	$	268	$	715	$	1,193	$	1,453	$	650	$	11,502

Schedule of impaired financing receivables

The following tables present an analysis of loans receivable and the allowance for loan losses, based on impairment methodology, at the dates indicated (in thousands):

	Allowance for Loan Losses						Recorded Investment in Loans
	Individually		Collectively				Individually		Collectively
	Evaluated for		Evaluated for				Evaluated for		Evaluated for
December 31, 2019	Impairment		Impairment		Total		Impairment		Impairment		Total
Commercial business	$	—	$	2,051	$	2,051	$	144	$	165,382	$	165,526
Commercial real estate		—		5,018		5,018		2,392		467,771		470,163
Land		—		235		235		716		14,447		15,163
Multi-family		—		765		765		1,563		56,229		57,792
Real estate construction		—		1,467		1,467		—		88,872		88,872
Consumer		8		1,260		1,268		439		88,578		89,017
Unallocated		—		629		629		—		—		—
Total	$	8	$	11,425	$	11,433	$	5,254	$	881,279	$	886,533
March 31, 2019
Commercial business	$	—	$	1,808	$	1,808	$	160	$	162,636	$	162,796
Commercial real estate		—		5,053		5,053		2,482		458,950		461,432
Land		—		254		254		728		16,299		17,027
Multi-family		—		728		728		1,598		49,972		51,570
Real estate construction		—		1,457		1,457		—		90,882		90,882
Consumer		22		1,425		1,447		697		91,712		92,409
Unallocated		—		710		710		—		—		—
Total	$	22	$	11,435	$	11,457	$	5,665	$	870,451	$	876,116

Schedule of analysis of loans by aging category

The following tables present an analysis of loans by aging category at the dates indicated (in thousands):

			90 Days and				Total Past
	30‑89 Days		Greater				Due and				Total Loans
December 31, 2019	PastDue		Past Due		Non-accrual		Non- accrual		Current		Receivable
Commercial business	$	—	$	—	$	299	$	299	$	165,227	$	165,526
Commercial real estate		—		—		1,019		1,019		469,144		470,163
Land		—		—		—		—		15,163		15,163
Multi-family		—		—		—		—		57,792		57,792
Real estate construction		—		—		—		—		88,872		88,872
Consumer		505		8		191		704		88,313		89,017
Total	$	505	$	8	$	1,509	$	2,022	$	884,511	$	886,533

March 31, 2019
Commercial business	$	—	$	—	$	225	$	225	$	162,571	$	162,796
Commercial real estate		—		—		1,081		1,081		460,351		461,432
Land		—		—		—		—		17,027		17,027
Multi-family		—		—		—		—		51,570		51,570
Real estate construction		—		—		—		—		90,882		90,882
Consumer		345		3		210		558		91,851		92,409
Total	$	345	$	3	$	1,516	$	1,864	$	874,252	$	876,116

Schedule of credit quality indicators

The following tables present an analysis of loans by credit quality indicators at the dates indicated (in thousands):

			Special								Total Loans
December 31, 2019	Pass		Mention		Substandard		Doubtful		Loss		Receivable
Commercial business	$	162,291	$	1,375	$	1,860	$	—	$	—	$	165,526
Commercial real estate		469,080		64		1,019		—		—		470,163
Land		15,163		—		—		—		—		15,163
Multi-family		57,725		32		35		—		—		57,792
Real estate construction		88,872		—		—		—		—		88,872
Consumer		88,826		—		191		—		—		89,017
Total	$	881,957	$	1,471	$	3,105	$	—	$	—	$	886,533

March 31, 2019
Commercial business	$	159,997	$	840	$	1,959	$	—	$	—	$	162,796
Commercial real estate		454,013		4,030		3,389		—		—		461,432
Land		16,299		—		728		—		—		17,027
Multi-family		51,093		457		20		—		—		51,570
Real estate construction		90,882		—		—		—		—		90,882
Consumer		92,199		—		210		—		—		92,409
Total	$	864,483	$	5,327	$	6,306	$	—	$	—	$	876,116

Schedule of total and average recorded investment in impaired loans

The following tables present the total and average recorded investment in impaired loans at the dates and for the periods indicated (in thousands):

	Recorded
	Investment		Recorded
	with		Investment						Related
	No Specific		with Specific		Total		Unpaid		Specific
	Valuation		Valuation		Recorded		Principal		Valuation
	Allowance		Allowance		Investment		Balance		Allowance
December 31, 2019
Commercial business	$	144	$	—	$	144	$	173	$	—
Commercial real estate		2,392		—		2,392		3,410		—
Land		716		—		716		748		—
Multi-family		1,563		—		1,563		1,676		—
Consumer		298		141		439		552		8
Total	$	5,113	$	141	$	5,254	$	6,559	$	8
March 31, 2019
Commercial business	$	160	$	—	$	160	$	182	$	—
Commercial real estate		2,482		—		2,482		3,424		—
Land		728		—		728		766		—
Multi-family		1,598		—		1,598		1,709		—
Consumer		281		416		697		807		22
Total	$	5,249	$	416	$	5,665	$	6,888	$	22

	Three months ended				Three months ended
	December 31, 2019				December 31, 2018
	Average		Interest		Average		Interest
	Recorded		Recognized on		Recorded		Recognized on
	Investment		Impaired Loans		Investment		Impaired Loans
Commercial business	$	147	$	—	$	166	$	—
Commercial real estate		2,401		16		2,539		16
Land		718		10		735		2
Multi-family		1,567		22		1,613		22
Consumer		443		7		709		9
Total	$	5,276	$	55	$	5,762	$	49

	Nine months ended				Nine months ended
	December 31, 2019				December 31, 2018
	Average		Interest		Average		Interest
	Recorded		Recognized on		Recorded		Recognized on
	Investment		Impaired Loans		Investment		Impaired Loans
Commercial business	$	152	$	—	$	377	$	—
Commercial real estate		2,431		47		2,639		48
Land		722		30		746		2
Multi-family		1,579		68		1,626		66
Consumer		509		21		1,065		35
Total	$	5,393	$	166	$	6,453	$	151

Schedule of TDRs by interest accrual status

The following table presents TDRs by interest accrual status at the dates indicated (in thousands):

	December 31, 2019						March 31, 2019
	Accrual		Nonaccrual		Total		Accrual		Nonaccrual		Total
Commercial business	$	—	$	144	$	144	$	—	$	160	$	160
Commercial real estate		1,373		1,019		2,392		1,401		1,081		2,482
Land		716		—		716		728		—		728
Multi-family		1,563		—		1,563		1,598		—		1,598
Consumer		414		25		439		697		—		697
Total	$	4,066	$	1,188	$	5,254	$	4,424	$	1,241	$	5,665