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

9 Months Ended

Dec. 31, 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 December 31, 2016 and March 31, 2016:



	December 31, 2016					March 31, 2016
$ in thousands	Amount			Percent		Amount			Percent
Gross loans receivable:
One-to-four family	$	136,298		26	%	$	141,243		24	%
Multifamily	70,836			13	%	94,202			16	%
Commercial real estate	249,908			47	%	272,497			47	%
Construction	4,996			1	%	5,033			1	%
Business ⁽¹⁾	66,476			13	%	71,277			12	%
Consumer ⁽²⁾	302			—	%	42			—	%
Total loans receivable	$	528,816		100	%	$	584,294		100	%

Unamortized premiums, deferred costs and fees, net	4,475					4,725

Allowance for loan losses	(4,620		)			(5,232		)
Total loans receivable, net	$	528,671				$	583,787

Loans HFS	$	16,103				$	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 and nine month periods ended December 31, 2016 and 2015, and the fiscal year ended March 31, 2016.



Three months ended December 31, 2016
$ in thousands	One-to-four family			Multifamily		Commercial Real Estate			Construction		Business			Consumer		Unallocated			Total
Allowance for loan losses:
Beginning Balance	$	1,654		$	672	$	1,743		$	50	$	577		$	2	49			$	4,747
Charge-offs	4			37		—			—		—			13		—			54
Recoveries	—			—		4			—		51			—		—			55
Provision for (Recovery of) Loan Losses	(33		)	54		(180		)	70		(29		)	39		(49		)	(128		)
Ending Balance	$	1,617		$	689	$	1,567		$	120	$	599		$	28	$	—		$	4,620



Nine months ended December 31, 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	66			288		—			—		—			54		—		408
Recoveries	—			—		14			—		270			4		—		288
Provision for (Recovery of) Loan Losses	(14		)	355		(255		)	58		(693		)	57		—		(492		)
Ending Balance	$	1,617		$	689	$	1,567		$	120	$	599		$	28	$	—	$	4,620

Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	$	1,369		$	689	$	1,537		$	120	$	541		$	25	$	—	$	4,281
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	248			—		30			—		58			3		—		339

Loan Receivables Ending Balance:	$	138,634		$	72,074	$	250,880		$	4,962	$	66,439		$	302	$	—	$	533,291
Ending Balance: collectively evaluated for impairment	133,111			70,471		246,409			4,962		60,893			299		—		516,145
Ending Balance: individually evaluated for impairment	5,523			1,603		4,471			—		5,546			3		—		17,146



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 December 31, 2015
$ in thousands	One-to-four family		Multifamily		Commercial Real Estate		Construction			Business		Consumer		Total
Allowance for loan losses:
Beginning Balance (restated)	$	1,576	$	457	$	1,436	$	99		$	843	$	28	$	4,439
Charge-offs	77		—		—		—			43		28		148
Recoveries	—		68		1		—			59		27		155
Provision for (Recovery of) Loan Losses (restated)	131		87		470		(1		)	26		15		728
Ending Balance (restated)	$	1,630	$	612	$	1,907	$	98		$	885	$	42	$	5,174



Nine months ended December 31, 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	320			241		—		—			163			288		1,012
Recoveries	1			68		4		—			247			33		353
Provision for (Recovery of) Loan Losses	(21		)	283		874		(1		)	(12		)	282		1,405
Ending Balance	$	1,630		$	612	$	1,907	$	98		$	885		$	42	$	5,174

Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	1,533			612		1,907		98			785			42		4,977
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	97			—		—		—			100			—		197

Loan Receivables Ending Balance:	$	146,179		$	106,275	$	267,547	$	5,012		$	76,979		$	85	$	602,077
Ending Balance: collectively evaluated for impairment	141,483			105,046		262,261		5,012			71,471			85		585,358
Ending Balance: individually evaluated for impairment	4,696			1,229		5,286		—			5,508			—		16,719

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

The following is a summary of nonaccrual loans at December 31, 2016 and March 31, 2016.



$ in thousands	December 31, 2016		March 31, 2016
Gross loans receivable:
One-to-four family	$	3,466	$	2,947
Multifamily	1,603		1,769
Commercial real estate	1,004		5,338
Business	2,421		3,896
Consumer	3		—
Total nonaccrual loans	$	8,497	$	13,950

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

As of December 31, 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	$	70,471	$	245,243	$	4,962	$	57,669
Special Mention	—		1,166		—		841
Substandard	1,603		4,471		—		7,929
Doubtful	—		—		—		—
Loss	—		—		—		—
Total	$	72,074	$	250,880	$	4,962	$	66,439

					One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing					$	135,168	$	299
Non-Performing					3,466		3
Total					$	138,634	$	302

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 December 31, 2016 and March 31, 2016.



December 31, 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	$	1,607	$	1,044	$	3,022	$	5,673	$	132,961	$	138,634
Multifamily	—		—		797		797		71,277		72,074
Commercial real estate	4,440		—		880		5,320		245,560		250,880
Construction	—		—		—		—		4,962		4,962
Business	15		5		2,409		2,429		64,010		66,439
Consumer	3		4		3		10		292		302
Total	$	6,065	$	1,053	$	7,111	$	14,229	$	519,062	$	533,291



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 December 31, 2016 and March 31, 2016.



	At December 31, 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	$	3,364	$	4,109	$	—	$	2,909	$	4,101	$	—
Multifamily	1,603		2,088		—		1,769		2,122		—
Commercial real estate	1,946		2,110		—		5,405		5,572		—
Business	2,972		3,168		—		4,223		4,403		—
With an allowance recorded:
One-to-four family	2,159		2,331		248		1,727		1,727		95
Commercial real estate	2,525		2,525		30		889		889		21
Business	2,574		2,574		58		2,643		2,643		474
Consumer and other	3		3		3		—		—		—
Total	$	17,146	$	18,908	$	339	$	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 nine month period ended December 31, 2016 and 2015.



	For the Three Months Ended December 31,								For the Nine Months Ended December 31,
	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	$	3,220	$	—	$	3,062	$	9	$	2,927	$	7	$	2,863	$	14
Multifamily	1,608		—		1,236		6		1,689		6		1,296		13
Commercial real estate	1,952		9		1,860		14		1,969		9		1,865		31
Business	3,459		—		2,723		21		3,842		128		2,772		64
With an allowance recorded:
One-to-four family	2,163		4		1,652		19		2,174		5		1,660		23
Commercial real estate	1,429		—		3,427		—		1,431		—		1,142		—
Business	2,581		—		2,838		32		2,639		37		—		—
Consumer and other	3		—		—		—		1		—		2,909		67
Total	$	16,415	$	13	$	16,798	$	101	$	16,672	$	192	$	14,507	$	212

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 nine month period ended December 31, 2015.



	Modifications to loans during the nine month period ended December 31, 2015
$ in thousands	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	%