Loan Receivable and Allowance for Loan and Lease Losses (Tables)

3 Months Ended

Jun. 30, 2012

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 June 30, 2012 and March 31, 2012.



$ in thousands	June 30, 2012					March 31, 2012
	Amount			Percent		Amount			Percent
Gross loans receivable:
One- to four-family	$	66,327		16.93	%	$	66,313		15.99	%
Multifamily	74,976			19.14	%	78,859			19.01	%
Commercial real estate	199,775			50.99	%	207,505			50.02	%
Construction	8,751			2.23	%	16,471			3.97	%
Business	41,542			10.60	%	44,424			10.71	%
Consumer and other ⁽¹⁾	419			0.11	%	1,258			0.30	%
Total loans receivable	391,790			100.00	%	414,830			100.00	%
Add:
Premium on loans	129					137
Less:
Deferred fees and loan discounts	(2,019		)			(2,109		)
Allowance for loan losses	(18,607		)			(19,821		)
Total loans receivable, net	$	371,293				$	393,037

Loans held-for-sale	$	30,163				$	29,626

Allowance for Credit Losses on Financing Receivables [Table Text Block]

the three month period ended June 30, 2012.



$ in thousands	One-to-four family Residential		Multi-Family Mortgage			Commercial Real Estate		Construction			Business		Consumer and Other			Total
Allowance for loan losses:
Beginning Balance	$	4,305	$	5,409		$	6,709	$	1,532		$	1,786	$	80		$	19,821
Charge-offs:	203		109			1,129		—			—		2			1,443
Recoveries:	—		—			—		—			2		3			5
Provision for Loan Losses	694		(1,529		)	2,271		(1,408		)	244		(48		)	224
Ending Balance	$	4,796	$	3,771		$	7,851	$	124		$	2,032	$	33		$	18,607
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	4,250		3,710			7,499		124			1,734		33			17,350
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	546		61			352		—			298		—			1,257
The following is an analysis of the loan receivable balances showing the methods of evaluating the loan portfolio for impairment for the three months period ended June 30, 2012
Loan Receivables Ending Balance:	$	66,236	$	75,102		$	198,271	$	8,752		$	41,109	$	430		$	389,900
Ending Balance: collectively evaluated for impairment	62,315		74,111			186,489		1,502			35,175		430			360,022
Ending Balance: individually evaluated for impairment	3,921		991			11,782		7,250			5,934		—			29,878

the three month period ended June 30, 2011.



$ in thousands	One-to-four family Residential			Multi-Family Mortgage		Commercial Real Estate		Construction		Business			Consumer and Other			Total
Allowance for loan losses:

Beginning Balance	2,923			6,223		3,999		6,944		2,965			93			23,147
Charge-offs:	20			2,408		19		2,124		—			—			4,571
Recoveries:	—			—		2		—		16			—			18
Provision for Loan Losses	(77		)	3,684		733		1,210		(372		)	(8		)	5,170

Ending Balance	$	2,826		$	7,499	$	4,715	$	6,030	$	2,609		$	85		$	23,764

The following is an analysis of the allowance for loan losses based upon the method of evaluating loan impairment for the three month period ended March 31, 2012.



$ in thousands	One-to-four family Residential		Multi-Family Mortgage		Commercial Real Estate		Construction		Business		Consumer and Other		Total
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	$	4,098	$	5,348	$	6,177	$	1,484	$	1,685	$	80	$	18,872
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	207		61		532		48		101		—		949

The following is an analysis of the loan receivable balances showing the methods of evaluating the loan portfolio for impairment for the fiscal year ended March 31, 2012
Loan Receivables Ending Balance :	66,172		78,984		206,022		16,433		43,982		1,265		412,858

Ending Balance: collectively evaluated for impairment	63,866		77,976		185,249		10,346		38,124		1,265		376,826
Ending Balance: individually evaluated for impairment	2,306		1,008		20,773		6,087		5,858		—		36,032

Non performing loans [Table Text Block]

The following is a summary of non-performing loans at June 30, 2012, and March 31, 2012.



$ in thousands	June 30, 2012		March 31, 2012
Loans accounted for on a non-accrual basis:
Gross loans receivable:
One-to-four family	$	7,363	$	6,988
Multifamily	1,790		2,923
Commercial real estate	16,487		24,467
Construction	4,658		11,325
Business	9,337		8,862
Consumer	—		23
Total non-accrual loans	$	39,635	$	54,588

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

As of June 30, 2012, and based on the most recent analysis performed in the current quarter, the risk category by class of loans is as follows.



$ in thousands	Multi-Family Mortgage		Commercial Real Estate		Construction		Business
Credit Risk Profile by Internally Assigned Grade:
Pass	$	70,635	$	165,167	$	1,502	$	23,839
Special Mention	379		6,024		—		3,098
Substandard	4,088		27,080		7,250		13,658
Doubtful	—		—		—		514
Loss	—		—		—		—
Total	$	75,102	$	198,271	$	8,752	$	41,109



$ in thousands	One-to-four family Residential		Consumer and Other
Credit Risk Profile Based on Payment Activity:
Performing	$	58,873	$	430
Non-Performing	7,363		—
Total	$	66,236	$	430

As of March 31, 2012, and based on the most recent analysis performed, the risk category by class of loans is as follows.



$ in thousands	Multi-Family Mortgage		Commercial Real Estate		Construction		Business
Credit Risk Profile by Internally Assigned Grade:
Pass	$	74,900	$	167,606	$	201	$	25,963
Special Mention	381		1,456		6,108		4,954
Substandard	3,703		36,959		10,124		12,551
Doubtful	—		—		—		514
Loss	—		—		—		—
Total	$	78,984	$	206,021	$	16,433	$	43,982


$ in thousands	One-to-four family Residential		Consumer and Other
Credit Risk Profile Based on Payment Activity:
Performing	$	59,185	$	1,242
Non-Performing	6,987		23
Total	$	66,172	$	1,265

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

The following table presents an aging analysis of the recorded investment of past due financing receivable as of June 30, 2012.



$ in thousands	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Impaired⁽¹⁾		TDR ⁽²⁾		Current		Total Financing Receivables
One-to-four family residential	$	—	$	268	$	4,525	$	4,793	$	—	$	2,838	$	58,605	$	66,236
Multi-family mortgage	—		416		799		1,215		—		991		72,896		75,102
Commercial real estate	2,814		1,924		4,650		9,388		598		11,239		177,046		198,271
Construction	—		—		4,658		4,658		—		—		4,094		8,752
Business	—		1,696		5,204		6,900		71		4,062		30,076		41,109
Consumer and other	25		21		—		46		—		—		384		430
Total	$	2,839	$	4,325	$	19,836	$	27,000	$	669	$	19,130	$	343,101	$	389,900

The following table presents an aging analysis of the recorded investment of past due financing receivable as of March 31, 2012. Also included are loans that are 90 days or more past due as to interest and principal and still accruing because they are well-secured and in the process of collection.



$ in thousands	30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Impaired ⁽¹⁾		TDR⁽²⁾		Current		Total Financing Receivables
One-to-four family residential	$	2,381	$	—	$	4,681	$	7,062	$	—	$	2,306	56,804		66,172
Multi-family mortgage	3,220		427		1,915		5,562		—		1,008		72,414		78,984
Commercial real estate	11,455		—		9,406		20,861		2,000		13,061		170,099		206,022
Construction	—		—		11,086		11,086		—		239		5,108		16,433
Business	3,937		954		4,353		9,244		81		4,428		30,229		43,982
Consumer and other	37		1		23		61		—		—		1,204		1,265
Total	$	21,030	$	1,382	$	31,464	$	53,876	$	2,081	$	21,042	$	335,859	$	412,858

Impaired Financing Receivables [Table Text Block]

The following table presents information on impaired loans and non-performing TDR loans ($21.0 million) with the associated allowance amount, if applicable at March 31, 2012



Impaired Loans by Class
As of March 31, 2012
$ in thousands	Recorded Investment		Unpaid Principal Balance		Associated Allowance
With no specific allowance recorded:
One-to-four family residential	$	628	$	628	—
Multi-family mortgage	194		194		—
Commercial real estate	6,304		6,304		—
Construction	5,406		5,670		—
Business	4,983		5,417		—
Consumer and other	—		—		—
Total	$	17,515	$	18,213	—

With an allowance recorded:
One-to-four family residential	$	1,679	$	1,760	$	207
Multi-family mortgage	814		879		61
Commercial real estate	14,469		15,068		532
Construction	681		1,613		48
Business	1,089		1,776		101
Consumer and other	—		—		—
Total	$	18,732	$	21,096	$	949

Total impaired loans by type:
One-to-four family residential	$	2,307	$	2,388	$	207
Multi-family mortgage	1,008		1,073		61
Commercial real estate	20,773		21,372		532
Construction	6,087		7,283		48
Business	6,072		7,193		101
Consumer and other	—		—		—
Total	$	36,247	$	39,309	$	949

The following table presents information on impaired loans and non-performing TDR loans ($19.1 million) with the associated allowance amount, if applicable at June 30, 2012 and the interest income recognized for the periods ended June 30, 2012 and 2011 .



Impaired Loans by Class
	June 30, 2012											June 30, 2011
$ in thousands	Recorded Investment		Unpaid Principal Balance		Associated Allowance		Average Balance			Interest income recognized		Average Balance		Interest income recognized
With no specific allowance recorded:
One-to-four family residential	$	828	$	828	$	—	$	728		$	9	$	3,855	$	23
Multi-family mortgage	192		192		—		193			3		2,488		12
Commercial real estate	5,973		6,661		—		6,139			108		10,695		4
Construction	7,250		7,519		—		6,328			53		20,641		325
Business	3,290		3,290		—		4,137			32		4,569		72
Consumer and other	—		—		—		—			—		—		—
Total	$	17,533	$	18,490	$	—	$	17,525		$	205	$	42,248	$	436

With an allowance recorded:
One-to-four family residential	$	3,093	$	3,175	$	546	$	2,386		$	7	$	7,434	$	34
Multi-family mortgage	798		863		61		806			—		7,304		65
Commercial real estate	5,809		6,208		353		10,139			95		5,215		35
Construction	—		—		—		—			—		14,013		—
Business	2,645		2,645		298		1,867			81		1,688		8
Consumer and other	—		—		—		—		—	—				—
Total	$	12,345	$	12,891	$	1,258	$	15,198		$	183	$	35,654	$	142

Total impaired loans by type:
One-to-four family residential	$	3,921	$	4,003	$	546	$	3,114		$	16	$	11,289	$	57
Multi-family mortgage	990		1,055		61		999			3		9,792		77
Commercial real estate	11,782		12,869		353		16,278			203		15,910		39
Construction	7,250		7,519		—		6,328			53		34,654		325
Business	5,935		5,935		298		6,004			113		6,257		80
Consumer and other	—		—		—		—			—		—		—
Total	$	29,878	$	31,381	$	1,258	$	32,723		$	388	$	77,902	$	578

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following table presents an analysis of those loan modifications that were classified as non performing TDRs during the three month period ended June 30, 2012.



Modifications to loans during the three month period ended
June 30, 2012

$ in thousands	Number of loans	Pre-modification outstanding recorded investment		Recorded investment at June 30, 2012		Pre-Modification rate		Post-Modification rate

One-to-four family residential	1	$	540	$	540	6.75	%	4.00	%
Total	1	$	540	$	540	6.75	%	4.00	%

- Definition

Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.

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