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Loans Receivable and ALLL (Tables)
 9 Months Ended
Dec. 31, 2020
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable The following is a summary of loans receivable at December 31, 2020 and March 31, 2020:
December 31, 2020
March 31, 2020
$ in thousandsAmountPercentAmountPercent
Gross loans receivable:    
One-to-four family$81,678 17.5 %$105,532 24.8 %
Multifamily107,089 23.0 %89,241 21.0 %
Commercial real estate146,742 31.5 %141,761 33.3 %
Business (1)
127,579 27.4 %85,425 20.1 %
Consumer (2)
2,727 0.6 %3,213 0.8 %
Total loans receivable$465,815 100.0 %$425,172 100.0 %
Unamortized premiums, deferred costs and fees, net2,778 3,560 
Allowance for loan losses(5,138)(4,946)
Total loans receivable, net$463,455 $423,786 
(1) Includes PPP loans and 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 and nine month periods ended December 31, 2020 and 2019, and the fiscal year ended March 31, 2020.
Three months ended December 31, 2020
$ in thousandsOne-to-four
family		MultifamilyCommercial Real EstateBusinessConsumerUnallocatedTotal
Allowance for loan losses:
Beginning Balance953 960 969 1,636 189 209 4,916 
Charge-offs— — — (5)(52)— (57)
Recoveries1 — — 273 1 — 275 
Provision for (recovery of) Loan Losses(90)67 (3)(66)52 44 4 
Ending Balance$864 $1,027 $966 $1,838 $190 $253 $5,138 

Nine months ended December 31, 2020
$ in thousandsOne-to-four
family		MultifamilyCommercial Real EstateBusinessConsumer UnallocatedTotal
Allowance for loan losses:     
Beginning Balance$1,055 $1,011 $812 $1,567 $212 $289 $4,946 
Charge-offs— — — (24)(52)— (76)
Recoveries88 — — 275 4 — 367 
Provision for (recovery of) Loan Losses(279)16 154 20 26 (36)(99)
Ending Balance$864 $1,027 $966 $1,838 $190 $253 $5,138 
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment$831 $1,027 $966 $1,697 $190 $253 $4,964 
Allowance for Loan Losses Ending Balance: individually evaluated for impairment33 — — 141 — — 174 
Loan Receivables Ending Balance:$83,047 $107,723 $147,520 $127,548 $2,755 $— $468,593 
Ending Balance: collectively evaluated for impairment79,208 107,353 146,360 119,615 2,755 — 455,291 
Ending Balance: individually evaluated for impairment3,839 370 1,160 7,933 — — 13,302 

At March 31, 2020
$ in thousandsOne-to-four familyMultifamilyCommercial Real EstateBusinessConsumerUnallocatedTotal
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment$899 $1,011 $812 $1,557 $212 $289 $4,780 
Allowance for Loan Losses Ending Balance: individually evaluated for impairment156 — — 10 — — 166 
Loan Receivables Ending Balance:$107,528 $89,887 $142,410 $85,659 $3,248 $— $428,732 
Ending Balance: collectively evaluated for impairment102,902 89,512 142,410 82,210 3,248 — 420,282 
Ending Balance: individually evaluated for impairment4,626 375 — 3,449 — — 8,450 
Three months ended December 31, 2019
$ in thousandsOne-to-four familyMultifamilyCommercial Real EstateBusinessConsumerUnallocatedTotal
Allowance for loan losses:
Beginning Balance$1,289 $884 $695 $1,491 $248 $18 $4,625 
Charge-offs(12)— — (13)(8)— (33)
Recoveries— — — 7 — — 7 
Provision for (recovery of) Loan Losses(96)36 (4)(1)(9)82 8 
Ending Balance$1,181 $920 $691 $1,484 $231 $100 $4,607 

Nine months ended December 31, 2019
$ in thousandsOne-to-four familyMultifamilyCommercial Real EstateBusinessConsumerUnallocatedTotal
Allowance for loan losses:
Beginning Balance$1,274 $885 $766 $1,330 $154 $237 $4,646 
Charge-offs(12)— — (69)(81)— (162)
Recoveries8 — — 97 2 — 107 
Provision for (recovery of) Loan Losses(89)35 (75)126 156 (137)16 
Ending Balance$1,181 $920 $691 $1,484 $231 $100 $4,607 
Schedule Nonaccrual Loans The following is a summary of nonaccrual loans at December 31, 2020 and March 31, 2020.
$ in thousands
December 31, 2020
March 31, 2020
Gross loans receivable: 
One-to-four family$3,532 $3,582 
Multifamily372 375 
Commercial real estate1,160 — 
Business2,413 2,797 
Consumer— 22 
Total nonaccrual loans$7,477 $6,776 
Loans Receivable, Credit Quality Indicators At December 31, 2020, and based on the most recent analysis performed in the current quarter, the risk category by class of loans is as follows:
$ in thousandsMultifamilyCommercial
Real Estate		Business
Credit Risk Profile by Internally Assigned Grade:   
Pass$102,531 $143,872 $115,591 
Special Mention— 2,296 3,102 
Substandard5,192 1,352 8,855 
Total$107,723 $147,520 $127,548 
One-to-four familyConsumer
Credit Risk Profile Based on Payment Activity:
Performing$79,711 $2,755 
Non-Performing3,336 — 
Total$83,047 $2,755 

    At March 31, 2020, and based on the most recent analysis performed, the risk category by class of loans is as follows:
$ in thousandsMultifamilyCommercial Real EstateBusiness
Credit Risk Profile by Internally Assigned Grade:
Pass$89,512 $141,793 $80,016 
Special Mention— 617 2,184 
Substandard 375 — 3,459 
Total$89,887 $142,410 $85,659 
One-to-four familyConsumer
Credit Risk Profile Based on Payment Activity:
Performing$103,946 $3,225 
Non-Performing3,582 23 
Total$107,528 $3,248 
Past Due Financing Receivables The following table presents an aging analysis of the recorded investment of past due loans receivables at December 31, 2020 and March 31, 2020.
December 31, 2020
$ in thousands30-59 Days
Past Due		60-89 Days
Past Due		90 or More Days Past DueTotal Past
Due		CurrentTotal Loans
Receivables
One-to-four family$882 $247 $2,953 $4,082 $78,965 $83,047 
Multifamily8,333 1,076 — 9,409 98,314 107,723 
Commercial real estate2,671 1,419 2,091 6,181 141,339 147,520 
Business620 421 1,256 2,297 125,251 127,548 
Consumer25 82 — 107 2,648 2,755 
Total$12,531 $3,245 $6,300 $22,076 $446,517 $468,593 
March 31, 2020
$ in thousands30-59 Days
Past Due		60-89 Days
Past Due		90 or More Days Past DueTotal Past
Due		CurrentTotal Loans Receivables
One-to-four family$1,410 $— $3,202 $4,612 $102,916 $107,528 
Multifamily490 — — 490 89,397 89,887 
Commercial real estate6,621 — — 6,621 135,789 142,410 
Business1,360 3 700 2,063 83,596 85,659 
Consumer103 1 23 127 3,121 3,248 
Total$9,984 $4 $3,925 $13,913 $414,819 $428,732 
Impaired Loans The following table presents information on impaired loans with the associated allowance amount, if applicable, at December 31, 2020 and March 31, 2020.
At December 31, 2020
At March 31, 2020
$ in thousandsRecorded
Investment		Unpaid
Principal
Balance		Associated
Allowance		Recorded
Investment		Unpaid
Principal
Balance		Associated
Allowance
With no specific allowance recorded:
One-to-four family$3,762 $4,420 $— $3,819 $4,566 $— 
Multifamily370 372 — 375 376 — 
Commercial real estate1,160 1,160 — — — — 
Business2,471 2,630 — 2,797 2,917 — 
With an allowance recorded:
One-to-four family77 73 33 807 803 156 
Business5,462 5,462 141 652 652 10 
Total$13,302 $14,117 $174 $8,450 $9,314 $166 

    The following tables presents information on average balances of impaired loans and the interest income recognized on a cash basis for the three and nine month periods ended December 31, 2020 and 2019.
For the Three Months Ended December 31,
For the Nine Months Ended December 31,
2020201920202019
$ in thousandsAverage BalanceInterest Income RecognizedAverage BalanceInterest Income RecognizedAverage BalanceInterest Income RecognizedAverage BalanceInterest Income Recognized
With no specific allowance recorded:
One-to-four family$3,790 $10 $4,143 $14 $3,767 $50 $4,390 $43 
Multifamily373 4 1,406 14 371 13 1,796 45 
Commercial real estate580 — — — 1,160 — 238 — 
Business2,634 26 2,096 16 2,445 86 2,374 41 
With an allowance recorded:
One-to-four family442 — 813 — 77 — 870 — 
Business3,057 — 780 — 3,007 — 979 — 
Total$10,876 $40 $9,238 $44 $10,827 $149 $10,647 $129 
Troubled Debt Restructuring There was one loan modification made during the three and nine month periods ended December 31, 2020. There were no loan modifications made during the three and nine month periods ended December 31, 2019.
Loan Modifications during the three month period endedLoan Modifications during the nine month period ended
December 31, 2020December 31, 2020
$ in thousandsNumber of loansPre-Modification Recorded investmentPost-Modification Recorded investmentPre-Modification ratePost-Modification rateNumber of loansPre-Modification Recorded investmentPost-Modification Recorded investmentPre-Modification ratePost-Modification rate
Business1 4,949 4,949 6.68 5.50 1 4,949 4,949 6.68 %5.50 %