ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Jun. 30, 2021

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
June 30, 2021	Business		Real Estate		Land		Family		Construction		Consumer		Unallocated		Total
Beginning balance	$	2,416	$	14,089	$	233	$	638	$	294	$	852	$	656	$	19,178
Provision for (recapture of) loan losses		(214)		(1,147)		4		(31)		(97)		(152)		37		(1,600)
Charge-offs		—		—		—		—		—		(9)		—		(9)
Recoveries		—		—		—		—		—		21		—		21
Ending balance	$	2,202	$	12,942	$	237	$	607	$	197	$	712	$	693	$	17,590
Three months ended
June 30, 2020
Beginning balance	$	2,008	$	6,421	$	230	$	854	$	1,149	$	1,363	$	599	$	12,624
Provision for (recapture of) loan losses		(7)		4,902		13		25		(457)		(24)		48		4,500
Charge-offs		—		—		—		—		—		(65)		—		(65)
Recoveries		10		—		—		—		—		7		—		17
Ending balance	$	2,011	$	11,323	$	243	$	879	$	692	$	1,281	$	647	$	17,076

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		Evaluated				Evaluated		Evaluated
	for		for				for		for
June 30, 2021	Impairment		Impairment		Total		Impairment		Impairment		Total
Commercial business	$	—	$	2,202	$	2,202	$	114	$	216,014	$	216,128
Commercial real estate		—		12,942		12,942		1,453		547,494		548,947
Land		—		237		237		—		14,922		14,922
Multi-family		—		607		607		—		44,804		44,804
Real estate construction		—		197		197		—		11,386		11,386
Consumer		10		702		712		522		52,770		53,292
Unallocated		—		693		693		—		—		—
Total	$	10	$	17,580	$	17,590	$	2,089	$	887,390	$	889,479
March 31, 2021
Commercial business	$	—	$	2,416	$	2,416	$	120	$	265,025	$	265,145
Commercial real estate		—		14,089		14,089		1,468		541,999		543,467
Land		—		233		233		710		13,330		14,040
Multi-family		—		638		638		753		44,261		45,014
Real estate construction		—		294		294		—		16,990		16,990
Consumer		11		841		852		530		58,049		58,579
Unallocated		—		656		656		—		—		—
Total	$	11	$	19,167	$	19,178	$	3,581	$	939,654	$	943,235

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):

							Total
			90 Days				Past
			and				Due and				Total
	30-89 Days		Greater				Non-				Loans
June 30, 2021	Past Due		Past Due		Non-accrual		accrual		Current		Receivable
Commercial business	$	1,243	$	—	$	177	$	1,420	$	214,708	$	216,128
Commercial real estate		—		—		138		138		548,809		548,947
Land		—		—		—		—		14,922		14,922
Multi-family		—		—		—		—		44,804		44,804
Real estate construction		—		—		—		—		11,386		11,386
Consumer		145		—		68		213		53,079		53,292
Total	$	1,388	$	—	$	383	$	1,771	$	887,708	$	889,479
March 31, 2021
Commercial business	$	98	$	175	$	182	$	455	$	264,690	$	265,145
Commercial real estate		—		—		144		144		543,323		543,467
Land		—		—		—		—		14,040		14,040
Multi-family		—		—		—		—		45,014		45,014
Real estate construction		—		—		—		—		16,990		16,990
Consumer		143		1		69		213		58,366		58,579
Total	$	241	$	176	$	395	$	812	$	942,423	$	943,235

Schedule of credit quality indicators

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

											Total
			Special								Loans
June 30, 2021	Pass		Mention		Substandard		Doubtful		Loss		Receivable
Commercial business	$	215,599	$	291	$	238	$	—	$	—	$	216,128
Commercial real estate		500,655		40,003		8,289		—		—		548,947
Land		14,922		—		—		—		—		14,922
Multi-family		44,733		48		23		—		—		44,804
Real estate construction		11,386		—		—		—		—		11,386
Consumer		53,224		—		68		—		—		53,292
Total	$	840,519	$	40,342	$	8,618	$	—	$	—	$	889,479
March 31, 2021
Commercial business	$	264,564	$	399	$	182	$	—	$	—	$	265,145
Commercial real estate		494,010		42,045		7,412		—		—		543,467
Land		14,040		—		—		—		—		14,040
Multi-family		44,941		49		24		—		—		45,014
Real estate construction		16,990		—		—		—		—		16,990
Consumer		58,510		—		69		—		—		58,579
Total	$	893,055	$	42,493	$	7,687	$	—	$	—	$	943,235

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		Recorded
	Investment		Investment
	with		with						Related
	No Specific		Specific		Total		Unpaid		Specific
	Valuation		Valuation		Recorded		Principal		Valuation
June 30, 2021	Allowance		Allowance		Investment		Balance		Allowance
Commercial business	$	114	$	—	$	114	$	153	$	—
Commercial real estate		1,453		—		1,453		1,548		—
Consumer		273		249		522		634		10
Total	$	1,840	$	249	$	2,089	$	2,335	$	10
March 31, 2021
Commercial business	$	120	$	—	$	120	$	157	$	—
Commercial real estate		1,468		—		1,468		1,556		—
Land		710		—		710		740		—
Multi-family		753		—		753		856		—
Consumer		278		252		530		643		11
Total	$	3,329	$	252	$	3,581	$	3,952	$	11

	Three months ended				Three months ended
	June 30, 2021				June 30, 2020
			Interest				Interest
			Recognized				Recognized
	Average		on		Average		on
	Recorded		Impaired		Recorded		Impaired
	Investment		Loans		Investment		Loans
Commercial business	$	117	$	—	$	137	$	—
Commercial real estate		1,461		16		2,370		15
Land		—		—		714		10
Multi-family		—		—		1,550		22
Consumer		526		6		428		6
Total	$	2,104	$	22	$	5,199	$	53

Schedule of TDRs by interest accrual status

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

	June 30, 2021						March 31, 2021
	Accrual		Nonaccrual		Total		Accrual		Nonaccrual		Total
Commercial business	$	—	$	114	$	114	$	—	$	120	$	120
Commercial real estate		1,315		138		1,453		1,324		144		1,468
Land		—		—		—		710		—		710
Multi-family		—		—		—		753		—		753
Consumer		522		—		522		530		—		530
Total	$	1,837	$	252	$	2,089	$	3,317	$	264	$	3,581