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

3 Months Ended

Jun. 30, 2018

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, 2018 and March 31, 2018:



	June 30, 2018					March 31, 2018
$ in thousands	Amount			Percent		Amount			Percent
Gross loans receivable:
One-to-four family	$	117,061		26.1	%	$	121,233		25.6	%
Multifamily	98,424			22.0	%	103,887			21.9	%
Commercial real estate	128,316			28.6	%	141,835			29.9	%
Business ⁽¹⁾	99,751			22.2	%	102,004			21.5	%
Consumer ⁽²⁾	4,914			1.1	%	5,238			1.1	%
Total loans receivable	$	448,466		100.0	%	$	474,197		100.0	%

Unamortized premiums, deferred costs and fees, net	3,430					3,556

Allowance for loan losses	(5,187		)			(5,126		)
Total loans receivable, net	$	446,709				$	472,627

⁽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, 2018 and 2017, and the fiscal year ended March 31, 2018.



Three months ended June 30, 2018
$ in thousands	One-to-four family			Multifamily			Commercial Real Estate			Construction		Business			Consumer			Unallocated		Total
Allowance for loan losses:
Beginning Balance	$	1,210		$	1,819		$	1,052		$	—	$	1,003		$	18		$	24	$	5,126
Charge-offs	(96		)	—			—			—		(11		)	(3		)	—		(110		)
Recoveries	—			158			—			—		5			3			—		166
Provision for (recovery of) Loan Losses	739			(590		)	(512		)	—		172			154			42		5
Ending Balance	$	1,853		$	1,387		$	540		$	—	$	1,169		$	172		$	66	$	5,187

Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	$	1,618		$	1,387		$	540		$	—	$	643		$	172		$	66	$	4,426
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	235			—			—			—		526			—			—		761

Loan Receivables Ending Balance:	$	118,871		$	99,292		$	128,797		$	—	$	99,974		$	4,962		$	—	$	451,896
Ending Balance: collectively evaluated for impairment	113,122			96,856			128,302			—		96,259			4,962			—		439,501
Ending Balance: individually evaluated for impairment	5,749			2,436			495			—		3,715			—			—		12,395



At March 31, 2018
$ in thousands	One-to-four family		Multifamily		Commercial Real Estate		Construction		Business		Consumer		Unallocated		Total
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment	$	1,065	$	1,744	$	1,052	$	—	$	908	$	18	$	24	$	4,811
Allowance for Loan Losses Ending Balance: individually evaluated for impairment	145		75		—		—		95		—		—		315

Loan Receivables Ending Balance:	$	123,092	$	104,865	$	142,304	$	—	$	102,203	$	5,289	$	—	$	477,753
Ending Balance: collectively evaluated for impairment	116,588		103,160		140,765		—		98,914		5,289		—		464,716
Ending Balance: individually evaluated for impairment	6,504		1,705		1,539		—		3,289		—		—		13,037



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

Schedule Nonaccrual Loans

The following is a summary of nonaccrual loans at June 30, 2018 and March 31, 2018.



$ in thousands	June 30, 2018		March 31, 2018
Gross loans receivable:
One-to-four family	$	4,809	$	4,561
Multifamily	2,436		964
Commercial real estate	495		502
Business	2,132		635
Consumer	—		—
Total nonaccrual loans	$	9,872	$	6,662

Loans Receivable, Credit Quality Indicators

As of June 30, 2018, 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	$	98,339	$	128,302	$	—	$	91,519
Special Mention	—		—		—		4,054
Substandard	953		495		—		4,401
Doubtful	—		—		—		—
Loss	—		—		—		—
Total	$	99,292	$	128,797	$	—	$	99,974

					One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing					$	114,252	$	4,962
Non-Performing					4,619		—
Total					$	118,871	$	4,962

As of March 31, 2018, 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	$	103,160	$	140,765	$	—	$	93,886
Special Mention	—		—		—		5,028
Substandard	1,705		1,539		—		3,289
Doubtful	—		—		—		—
Loss	—		—		—		—
Total	$	104,865	$	142,304	$	—	$	102,203

					One-to-four family		Consumer
Credit Risk Profile Based on Payment Activity:
Performing					$	116,588	$	5,289
Non-Performing					6,504		—
Total					$	123,092	$	5,289

Past Due Financing Receivables

The following table presents an aging analysis of the recorded investment of past due financing receivable as of June 30, 2018 and March 31, 2018.



June 30, 2018
$ 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	$	—	$	352	$	4,619	$	4,971	$	113,900	$	118,871
Multifamily	—		391		1,702		2,093		97,199		99,292
Commercial real estate	—		—		—		—		128,797		128,797
Business	38		112		1,502		1,652		98,322		99,974
Consumer	5		4		—		9		4,953		4,962
Total	$	43	$	859	$	7,823	$	8,725	$	443,171	$	451,896



March 31, 2018
$ 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	$	1,819	$	—	$	4,056	$	5,875	$	117,217	$	123,092
Multifamily	—		—		219		219		104,646		104,865
Commercial real estate	1,395		—		—		1,395		140,909		142,304
Business	973		312		322		1,607		100,596		102,203
Consumer	7		5		—		12		5,277		5,289
Total	$	4,194	$	317	$	4,597	$	9,108	$	468,645	$	477,753

Impaired Loans

The following table presents information on impaired loans with the associated allowance amount, if applicable, at June 30, 2018 and March 31, 2018.



	At June 30, 2018						At March 31, 2018
$ 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	$	4,916	$	6,844	$	—	$	5,439	$	6,862	$	—
Multifamily	2,436		2,495		—		964		1,122		—
Commercial real estate	495		495		—		1,539		1,539		—
Business	670		670		—		611		611		—
With an allowance recorded:
One-to-four family	833		828		235		1,065		1,065		145
Multifamily	—		—		—		741		741		75
Business	3,045		3,045		526		2,678		2,681		95
Total	$	12,395	$	14,377	$	761	$	13,037	$	14,621	$	315

The following tables presents information on average balances on impaired loans and the interest income recognized on a cash basis for the three month periods ended June 30, 2018 and 2017.



	For the Three Months Ended June 30,
	2018				2017
$ in thousands	Average Balance		Interest Income Recognized		Average Balance		Interest Income Recognized
With no specific allowance recorded:
One-to-four family	$	5,178	$	29	$	4,723	$	6
Multifamily	1,700		9		1,592		9
Commercial real estate	1,017		8		1,391		19
Business	641		6		1,387		—
With an allowance recorded:
One-to-four family	949				1,563		—
Commercial real estate	—				1,624		—
Business	2,862		4		3,709		—
Total	$	12,718	$	56	$	15,989	$	34