XML 41 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Non-interest Revenue and Expense
 12 Months Ended
Mar. 31, 2020
Other Income and Expenses [Abstract]  
Other Non-interest Income and Expense NON-INTEREST REVENUE AND EXPENSE
        Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain non-interest income streams such as gains on sales of residential mortgage and SBA loans, income associated with servicing assets, and loan fees, including residential mortgage originations to be sold and prepayment and late fees charged across all loan categories are also not in scope of the new guidance. Topic 606 is applicable to non-interest revenue streams, such as depository fees, service charges and commission revenues. However, the recognition of these revenue streams did not change significantly upon adoption of Topic 606. Non-interest revenue streams in-scope of Topic 606 are discussed below.

Depository fees and charges

        Depository fees and charges primarily relate to service fees on deposit accounts and fees earned from debit cards and check cashing transactions. Service fees on deposit accounts consist of ATM fees, NSF fees, account maintenance charges and other deposit related fees. The revenue is recognized monthly when the Bank's performance obligations are complete, or as incurred for transaction-based fees in accordance with the fee schedules for the Bank's deposit products and services.

Loan fees and service charges

        Loan fees and service charges primarily relate to program management fees and fees earned in accordance with the Bank's standard lending fees (such as inspection and late charges). These standard lending fees are earned on a monthly basis
upon receipt.

Other non-interest income

        Other non-interest income primarily relates to an advertising services agreement, covering marketing and use of the Bank's office space with a third party. The revenue is recognized on a monthly basis.

Interchange income
        
        The Company earns interchange fees from debit card holder transactions conducted through various payment networks. Interchangee fees from cardholder transactions are recognized daily, concurrently with the transaction processing services provided by an outsource technology solution and are presented on a net basis.

        The following table presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the years ended March 31, 2020 and March 31, 2019:
Years Ended March 31,
$ in thousands20202019
Non-interest income
In-scope of Topic 606
Depository fees and charges$3,147  $3,337  
Loan fees and service charges307  303  
Other non-interest income55  61  
Non-interest income (in-scope of Topic 606)3,509  3,701  
Non-interest income (out-of-scope of Topic 606)230  948  
Total non-interest income$3,739  $4,649  

        The following table sets forth other non-interest income and expense totals exceeding 1% of the aggregate of total interest income and non-interest income for any of the years presented:
Years Ended March 31,
$ in thousands20202019
Other non-interest expense:
Advertising$281  $316  
Legal expense611  413  
Insurance and surety621  660  
Audit expense537  672  
Outsourced service304  558  
Data lines / internet412  441  
Retail expenses733  781  
Operating chargeoffs and other losses—  714  
Regulatory assessment209  314  
Director's fees331  313  
Other1,567  2,216  
Total non-interest expense$5,606  $7,398