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

3 Months Ended

Jun. 30, 2017

Loans and Leases Receivable Disclosure [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

The following is a summary of loans receivable at June 30, 2017 and March 31, 2017:



	June 30, 2017					March 31, 2017
$ in thousands	Amount			Percent		Amount			Percent
Gross loans receivable:
One-to-four family	$	128,936		24.3	%	$	132,679		24.5	%
Multifamily	82,392			15.6	%	87,824			16.2	%
Commercial real estate	241,815			45.7	%	241,794			44.7	%
Construction	—			—	%	4,983			0.9	%
Business ⁽¹⁾	68,015			12.8	%	65,151			12.0	%
Consumer ⁽²⁾	8,530			1.6	%	8,994			1.7	%
Total loans receivable	$	529,688		100.0	%	$	541,425		100.0	%

Unamortized premiums, deferred costs and fees, net	4,004					4,127

Allowance for loan losses	(5,133		)			(5,060		)
Total loans receivable, net	$	528,559				$	540,492

Loans HFS	$	1,020				$	944

⁽¹⁾ Includes business overdrafts

⁽²⁾Includes personal loans and consumer overdrafts

Allowance for Loan Losses

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 June 30, 2017 and 2016, and the fiscal year ended March 31, 2017.



Three months ended June 30, 2017
$ in thousands	One-to-four family			Multifamily		Commercial Real Estate		Construction			Business		Consumer		Total
Allowance for loan losses:
Beginning Balance	$	1,663		$	1,213	$	1,496	$	106		$	573	$	9	$	5,060
Charge-offs	81			—		—		—			20		14		115
Recoveries	—			—		5		—			59		4		68
Provision for (Recovery of) Loan Losses	(64		)	14		146		(106		)	112		18		120
Ending Balance	$	1,518		$	1,227	$	1,647	$	—		$	724	$	17	$	5,133

Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	1,368			1,221		1,645		—			647		17		4,898
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	150			6		2		—			77		—		235

Loan Receivables Ending Balance:	$	131,134		$	83,234	$	242,743	$	—		$	67,968	$	8,613	$	533,692
Ending Balance: collectively evaluated for impairment	124,905			81,639		239,733		—			62,984		8,613		517,874
Ending Balance: individually evaluated for impairment	6,229			1,595		3,010		—			4,984		—		15,818



Fiscal year ended March 31, 2017
$ in thousands	One-to-four family		Multifamily		Commercial Real Estate			Construction		Business			Consumer		Total
Allowance for loan losses:
Beginning Balance	$	1,697	$	622	$	1,808		$	62	$	1,022		$	21	$	5,232
Charge-offs	106		338		—			—		—			85		529
Recoveries	—		—		20			—		304			4		328
Provision for (Recovery of) Loan Losses	72		929		(332		)	44		(753		)	69		29
Ending Balance	$	1,663	$	1,213	$	1,496		$	106	$	573		$	9	$	5,060

Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	1,357		1,207		1,490			106		532			7		4,699
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	306		6		6			—		41			2		361

Loan Receivables Ending Balance:	$	134,927	$	88,750	$	242,818		$	4,949	$	65,114		$	8,994	$	545,552
Ending Balance: collectively evaluated for impairment	129,420		87,148		239,323			4,949		61,027			8,992		530,859
Ending Balance: individually evaluated for impairment	5,507		1,602		3,495			—		4,087			2		14,693



Three months ended June 30, 2016
$ in thousands	One-to-four family		Multifamily			Commercial Real Estate		Construction		Business			Consumer			Total
Allowance for loan losses:
Beginning Balance	$	1,697	$	622		$	1,808	$	62	$	1,022		$	21		$	5,232
Charge-offs	3		7			—		—		—			—			10
Recoveries	—		—			5		—		156			4			165
Provision for (Recovery of) Loan Losses (restated)	181		(85		)	45		—		(322		)	(23		)	(204		)
Ending Balance	$	1,875	$	530		$	1,858	$	62	$	856		$	2		$	5,183

Schedule Nonaccrual Loans

The following is a summary of nonaccrual loans at June 30, 2017 and March 31, 2017.



$ in thousands	June 30, 2017		March 31, 2017
Gross loans receivable:
One-to-four family	$	4,703	$	3,899
Multifamily	1,589		1,602
Commercial real estate	1,389		993
Business	1,026		1,922
Consumer	—		2
Total nonaccrual loans	$	8,707	$	8,418

Loans Receivable, Credit Quality Indicators

As of June 30, 2017, and based on the most recent analysis performed in the current quarter, 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	$	81,639	$	238,971	$	—	$	60,923
Special Mention	—		763		—		1,571
Substandard	1,595		3,009		—		5,474
Doubtful	—		—		—		—
Loss	—		—		—		—
Total	$	83,234	$	242,743	$	—	$	67,968

					One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing					$	124,905	$	8,613
Non-Performing					6,229		—
Total					$	131,134	$	8,613

As of March 31, 2017, 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	$	87,148	$	238,552	$	4,949	$	58,555
Special Mention	—		771		—		133
Substandard	1,082		3,495		—		6,426
Doubtful	520		—		—		—
Loss	—		—		—		—
Total	$	88,750	$	242,818	$	4,949	$	65,114

					One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing					$	131,028	$	8,992
Non-Performing					3,899		2
Total					$	134,927	$	8,994

Past Due Financing Receivables

The following table presents an aging analysis of the recorded investment of past due financing receivable as of June 30, 2017 and March 31, 2017.



June 30, 2017
$ 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	$	353	$	243	$	4,228	$	4,824	$	126,310	$	131,134
Multifamily	—		—		797		797		82,437		83,234
Commercial real estate	—		—		868		868		241,875		242,743
Business	301		—		1,026		1,327		66,641		67,968
Consumer	1		—		—		1		8,612		8,613
Total	$	655	$	243	$	6,919	$	7,817	$	525,875	$	533,692



March 31, 2017
$ 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	$	2,094	$	247	$	3,022	$	5,363	$	129,564	$	134,927
Multifamily	—		—		803		803		87,947		88,750
Commercial real estate	—		—		—		—		242,818		242,818
Construction	—		—		—		—		4,949		4,949
Business	—		429		1,500		1,929		63,185		65,114
Consumer	1		—		2		3		8,991		8,994
Total	$	2,095	$	676	$	5,327	$	8,098	$	537,454	$	545,552

Impaired Loans

The following table presents information on impaired loans with the associated allowance amount, if applicable, at June 30, 2017 and March 31, 2017.



	At June 30, 2017						At March 31, 2017
$ 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	$	4,672	$	5,658	$	—	$	3,416	$	4,210	$	—
Multifamily	1,589		2,074		—		1,596		2,081		—
Commercial real estate	1,389		1,389		—		993		993		—
Business	1,381		1,388		—		1,923		1,968		—
With an allowance recorded:
One-to-four family	1,557		1,557		150		2,091		2,215		306
Multifamily	6		6		6		6		6		6
Commercial real estate	1,621		1,621		2		2,502		2,502		6
Business	3,603		3,738		77		2,164		2,164		41
Consumer and other	—		—		—		2		2		2
Total	$	15,818	$	17,431	$	235	$	14,693	$	16,141	$	361

The following tables presents information on average balances on impaired loans and the interest income recognized on a cash basis for the three month period ended June 30, 2017 and 2016.



	For the Three Months Ended June 30,
	2017				2016
$ in thousands	Average Balance		Interest Income Recognized		Average Balance		Interest Income Recognized
With no specific allowance recorded:
One-to-four family	$	4,723	$	6	$	3,153	$	7
Multifamily	1,592		9		1,755		2
Commercial real estate	1,391		19		1,985		—
Business	1,387		—		4,099		134
With an allowance recorded:
One-to-four family	1,563		—		1,721		1
Commercial real estate	1,624		—		885		—
Business	3,709		—		2,647		—
Consumer and other	—		—		—		—
Total	$	15,996	$	34	$	16,245	$	144