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Loan Receivable and Allowance for Loan and Lease Losses (Tables)
 6 Months Ended
Sep. 30, 2016
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
The following is a summary of loans receivable, gross of allowance for loan losses, and net of loans held-for-sale at September 30, 2016 and March 31, 2016:
 
 
September 30, 2016
 
March 31, 2016
$ in thousands
 
Amount
 
Percent
 
Amount
 
Percent
Gross loans receivable:
 
 
 
 
 
 
 
 
One-to-four family
 
$
128,459

 
24
%
 
$
141,243

 
24
%
Multifamily
 
73,495

 
14
%
 
94,202

 
16
%
Commercial real estate
 
251,084

 
48
%
 
272,497

 
47
%
Construction
 
5,008

 
1
%
 
5,033

 
1
%
Business (1)
 
66,417

 
13
%
 
71,277

 
12
%
Consumer (2)
 
250

 
—
%
 
42

 
—
%
Total loans receivable
 
$
524,713

 
100
%
 
$
584,294

 
100
%
 
 
 
 
 
 
 
 
 
Unamortized premiums, deferred costs and fees, net
 
4,432

 
 
 
4,725

 
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses
 
(4,747
)
 
 
 
(5,232
)
 
 
Total loans receivable, net
 
$
524,398

 
 
 
$
583,787

 
 
 
 
 
 
 
 
 
 
 
Loans HFS
 
$
16,034

 
 
 
$
2,495

 
 
(1) Includes business overdrafts
(2) Includes personal loans and consumer overdrafts
Allowance for Credit Losses on Financing Receivables [Table Text Block]
The following is an analysis of the allowance for loan losses based upon the method of evaluating loan impairment for the three month periods ended September 30, 2016 and 2015, and the fiscal year ended March 31, 2016.
Three months ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ in thousands
 
One-to-four
family
 
Multifamily
 
Commercial Real Estate
 
Construction
 
Business
 
Consumer
 
Unallocated
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,875

 
$
530

 
$
1,858

 
$
62

 
$
856

 
$
2

 
$
—

 
$
5,183

Charge-offs
 
59

 
244

 
—

 
—

 
—

 
41

 
—

 
344

Recoveries
 
—

 
—

 
5

 
—

 
63

 
—

 
—

 
68

Provision for (Recovery of) Loan Losses
 
(162
)
 
386

 
(120
)
 
(12
)
 
(342
)
 
41

 
49

 
(160
)
Ending Balance
 
$
1,654

 
$
672

 
$
1,743

 
$
50

 
$
577

 
$
2

 
$
49

 
$
4,747


Six months ended September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ in thousands
 
One-to-four
family
 
Multifamily
 
Commercial Real Estate
 
Construction
 
Business
 
Consumer
 
Unallocated
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,697

 
$
622

 
$
1,808

 
$
62

 
$
1,022

 
$
21

 
$
—

 
$
5,232

Charge-offs
 
62

 
251

 
—

 
—

 
—

 
41

 
—

 
354

Recoveries
 
—

 
—

 
10

 
—

 
219

 
4

 
—

 
233

Provision for (Recovery of) Loan Losses
 
19

 
301

 
(75
)
 
(12
)
 
(664
)
 
18

 
49

 
(364
)
Ending Balance
 
$
1,654

 
$
672

 
$
1,743

 
$
50

 
$
577

 
$
2

 
$
49

 
$
4,747

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment
 
$
1,423

 
$
672

 
$
1,722

 
$
50

 
$
370

 
$
2

 
$
49

 
$
4,288

Allowance for Loan Losses Ending Balance: individually evaluated for impairment
 
231

 
—

 
20

 
—
 
208

 
—

 
—

 
459

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan Receivables Ending Balance:
 
$
130,687

 
$
74,818

 
$
252,058

 
$
4,975

 
$
66,357

 
$
250

 
$
—

 
$
529,145

Ending Balance: collectively evaluated for impairment
 
125,366

 
73,208

 
249,215

 
4,975

 
60,001

 
250

 
—

 
513,015

Ending Balance: individually evaluated for impairment
 
5,321

 
1,610

 
2,843

 
—

 
6,356

 
—

 
—

 
16,130



Fiscal year ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ in thousands
 
One-to-four family
 
Multifamily
 
Commercial Real Estate
 
Construction
 
Business
 
Consumer
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,970

 
$
502

 
$
1,029

 
$
99

 
$
813

 
$
15

 
$
4,428

Charge-offs
 
389

 
340

 
—

 
—

 
176

 
517

 
1,422

Recoveries
 
113

 
—

 
9

 
—

 
578

 
31

 
731

Provision for (Recovery of) Loan Losses
 
3

 
460

 
770

 
(37
)
 
(193
)
 
492

 
1,495

Ending Balance
 
$
1,697

 
$
622

 
$
1,808

 
$
62

 
$
1,022

 
$
21

 
$
5,232

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment
 
1,602

 
622

 
1,787

 
62

 
548

 
21

 
4,642

Allowance for Loan Losses Ending Balance: individually evaluated for impairment
 
95

 
—

 
21

 
—

 
474

 
—

 
590

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan Receivables Ending Balance:
 
$
143,667

 
$
95,648

 
$
273,470

 
$
5,000

 
$
71,192

 
$
42

 
$
589,019

Ending Balance: collectively evaluated for impairment
 
139,031

 
93,879

 
267,176

 
5,000

 
64,326

 
42

 
569,454

Ending Balance: individually evaluated for impairment
 
4,636

 
1,769

 
6,294

 
—

 
6,866

 
—

 
19,565



Three months ended September 30, 2015
 
 
 
 
 
 
 
 
 
 
$ in thousands
 
One-to-four family
 
Multifamily
 
Commercial Real Estate
 
Construction
 
Business
 
Consumer
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance (restated)
 
$
1,640

 
$
410

 
$
1,032

 
$
99

 
$
791

 
$
3

 
$
3,975

Charge-offs
 
13

 
3

 
—

 
—

 
8

 
259

 
283

Recoveries
 
1

 
—

 
3

 
—

 
95

 
5

 
104

Provision for (Recovery of) Loan Losses (restated)
 
(52
)
 
50

 
401

 
—

 
(35
)
 
279

 
643

Ending Balance (restated)
 
$
1,576

 
$
457

 
$
1,436

 
$
99

 
$
843

 
$
28

 
$
4,439


Six months ended September 30, 2015
 
 
 
 
 
 
 
 
 
 
$ in thousands
 
One-to-four family
 
Multifamily
 
Commercial Real Estate
 
Construction
 
Business
 
Consumer
 
Total
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
1,970

 
$
502

 
$
1,029

 
$
99

 
$
813

 
$
15

 
$
4,428

Charge-offs
 
243

 
241

 
—

 
—

 
120

 
260

 
864

Recoveries
 
1

 
—

 
3

 
—

 
188

 
6

 
198

Provision for (Recovery of) Loan Losses
 
(152
)
 
196

 
404

 
—

 
(38
)
 
267

 
677

Ending Balance
 
$
1,576

 
$
457

 
$
1,436

 
$
99

 
$
843

 
$
28

 
$
4,439

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment
 
1,479

 
457

 
1,436

 
99

 
743

 
28

 
4,242

Allowance for Loan Losses Ending Balance: individually evaluated for impairment
 
97

 
—

 
—

 
—

 
100

 
—

 
197

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan Receivables Ending Balance:
 
$
128,855

 
$
109,287

 
$
242,707

 
$
5,067

 
$
76,766

 
$
89

 
$
562,771

Ending Balance: collectively evaluated for impairment
 
121,925

 
108,046

 
240,845

 
5,067

 
71,100

 
89

 
547,072

Ending Balance: individually evaluated for impairment
 
6,930

 
1,241

 
1,862

 
—

 
5,666

 
—

 
15,699
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
The following is a summary of nonaccrual loans at September 30, 2016 and March 31, 2016.
$ in thousands
September 30, 2016
 
March 31, 2016
Gross loans receivable:
 
 
 
One-to-four family
$
3,211

 
$
2,947

Multifamily
1,610

 
$
1,769

Commercial real estate
1,015

 
$
5,338

Business
2,725

 
$
3,896

Total nonaccrual loans
$
8,561

 
$
13,950
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]
As of September 30, 2016, the risk category by class of loans is as follows:
$ in thousands
 
Multifamily
 
Commercial
Real Estate
 
Construction
 
Business
Credit Risk Profile by Internally Assigned Grade:
 
 
 
 
 
 
 
 
Pass
 
$
73,208

 
$
245,032

 
$
4,975

 
$
56,724

Special Mention
 
—

 
4,183

 
—

 
1,993

Substandard
 
1,610

 
2,843

 
—

 
7,640

Doubtful
 
—

 
—

 
—

 
—

Loss
 
—

 
—

 
—

 
—

Total
 
$
74,818

 
$
252,058

 
$
4,975

 
$
66,357

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family
 
Consumer
Credit Risk Profile Based on Payment Activity:
 
 
 
 
 
 
 
 
Performing
 
 
 
 
 
$
127,477

 
$
250

Non-Performing
 
 
 
 
 
3,210

 
—

Total
 
 
 
 
 
$
130,687

 
$
250


As of March 31, 2016, and based on the most recent analysis performed, the risk category by class of loans is as follows:
$ in thousands
 
Multifamily
 
Commercial Real Estate
 
Construction
 
Business
Credit Risk Profile by Internally Assigned Grade:
 
 
 
 
 
 
 
 
Pass
 
$
93,879

 
$
262,937

 
$
5,000

 
$
61,331

Special Mention
 
—

 
4,239

 
—

 
2,039

Substandard
 
1,769

 
6,294

 
—

 
7,822

Doubtful
 
—

 
—

 
—

 
—

Loss
 
—

 
—

 
—

 
—

Total
 
$
95,648

 
$
273,470

 
$
5,000

 
$
71,192

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family
 
Consumer
Credit Risk Profile Based on Payment Activity:
 
 
 
 
 
 
 
 
Performing
 
 
 
 
 
$
140,720

 
$
42

Non-Performing
 
 
 
 
 
2,947

 
—

Total
 
 
 
 
 
$
143,667

 
$
42
Past Due Financing Receivables [Table Text Block]
The following table presents an aging analysis of the recorded investment of past due financing receivable as of September 30, 2016 and March 31, 2016.
September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
$ in thousands
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
90 or More Days Past Due
 
Total Past
Due
 
Current
 
Total Financing
Receivables
One-to-four family
 
$
—

 
$
345

 
$
2,896

 
$
3,241

 
$
127,446

 
$
130,687

Multifamily
 
814

 
—

 
797

 
1,611

 
73,207

 
74,818

Commercial real estate
 
—

 
880

 
—

 
880

 
251,178

 
252,058

Construction
 
—

 
—

 
—

 
—

 
4,975

 
4,975

Business
 
730

 
304

 
2,560

 
3,594

 
62,763

 
66,357

Consumer
 
2

 
—

 
—

 
2

 
248

 
250

Total
 
$
1,546

 
$
1,529

 
$
6,253

 
$
9,328

 
$
519,817

 
$
529,145



March 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
$ in thousands
 
30-59 Days
Past Due
 
60-89 Days
Past Due
 
Greater Than 90 Days
 
Total Past
Due
 
Current
 
Total Financing Receivables
One-to-four family
 
$
986

 
$
—

 
$
2,628

 
$
3,614

 
$
140,053

 
$
143,667

Multifamily
 
—

 
—

 
1,769

 
1,769

 
93,879

 
95,648

Commercial real estate
 
889

 
3,410

 
—

 
4,299

 
269,171

 
273,470

Construction
 
—

 
—

 
—

 
—

 
5,000

 
5,000

Business
 
2,495

 
307

 
1,972

 
4,774

 
66,418

 
71,192

Consumer
 
2

 
—

 
—

 
2

 
40

 
42

Total
 
$
4,372

 
$
3,717

 
$
6,369

 
$
14,458

 
$
574,561

 
$
589,019
Impaired Financing Receivables [Table Text Block]
The following table presents information on impaired loans with the associated allowance amount, if applicable, at September 30, 2016 and March 31, 2016.
 
 
At September 30, 2016
 
At March 31, 2016
$ in thousands
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Associated
Allowance
 
Recorded
Investment
 
Unpaid
Principal
Balance
 
Associated
Allowance
With no specific allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family
 
$
3,612

 
$
4,531

 
$
—

 
$
2,909

 
$
4,101

 
$
—

Multifamily
 
1,610

 
2,224

 
—

 
1,769

 
2,122

 
—

Commercial real estate
 
1,963

 
2,127

 
—

 
5,405

 
5,572

 
—

Business
 
3,272

 
3,318

 
—

 
4,223

 
4,403

 
—

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family
 
1,709

 
1,709

 
231

 
1,727

 
1,727

 
95

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
880

 
880

 
20

 
889

 
889

 
21

Business
 
3,084

 
3,084

 
208

 
2,643

 
2,643

 
474

Total
 
$
16,130

 
$
17,873

 
$
459

 
$
19,565

 
$
21,457

 
$
590

    
The following tables presents information on average balances on impaired loans and the interest income recognized on a cash basis for the three and six month period ended September 30, 2016 and 2015.

 
For the Three Months Ended September 30,
 
For the Six Months Ended September 30,
 
 
2016
 
2015
 
2016
 
2015
$ in thousands
 
Average Balance
 
Interest Income Recognized
 
Average Balance
 
Interest Income Recognized
 
Average Balance
 
Interest Income Recognized
 
Average Balance
 
Interest Income Recognized
With no specific allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family
 
$
3,183

 
$
—

 
$
5,281

 
$
2

 
$
3,081

 
$
7

 
$
5,306

 
$
5

Multifamily
 
1,703

 
4

 
609

 
6

 
1,729

 
6

 
1,325

 
6

Commercial real estate
 
1,971

 
—

 
1,866

 
—

 
1,978

 
—

 
1,867

 
—

Construction
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Business
 
3,577

 
4

 
2,593

 
21

 
3,477

 
128

 
2,608

 
29

Consumer and other
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

With an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
One-to-four family
 
1,712

 
—

 
1,660

 
2

 
1,717

 
1

 
1,663

 
4

Multifamily
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Commercial real estate
 
882

 
—

 
—

 
—

 
883

 
—

 
—

 
—

Business
 
3,105

 
1

 
3,098

 
—

 
3,089

 
37

 
—

 
—

Consumer and other
 
—

 
—

 
—

 
—

 
—

 
—

 
3,141

 
—

Total
 
$
16,133

 
$
9

 
$
15,107

 
$
31

 
$
15,954

 
$
179

 
$
15,910

 
$
44
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
The following table presents an analysis of those loan modifications that were classified as TDRs during the three and six month period ended September 30, 2015.
 
 
Modifications to loans during the three month period ended
September 30, 2015
 
Modifications to loans during the six month period ended
September 30, 2015
$ in thousands
 
Number of loans
 
Pre-modification outstanding recorded investment
 
Post- modification recorded investment
 
Pre-Modification rate
 
Post-Modification rate
 
Number of loans
 
Pre-modification outstanding recorded investment
 
Post- modification recorded investment
 
Pre-Modification rate
 
Post-Modification rate
One-to-four family
 
1

 
$
96

 
$
96

 
2.63
%
 
2.63
%
 
1

 
$
96

 
$
96

 
2.63
%
 
2.63
%