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Loans Receivable and ALLL (Tables)
 6 Months Ended
Sep. 30, 2021
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable The following is a summary of loans receivable at September 30, 2021 and March 31, 2021:
September 30, 2021
March 31, 2021
$ in thousandsAmountPercentAmountPercent
Gross loans receivable:    
One-to-four family$74,240 14.3 %$76,313 15.9 %
Multifamily128,735 24.9 %103,584 21.6 %
Commercial real estate155,063 29.9 %150,114 31.2 %
Business (1)
158,265 30.5 %148,020 30.8 %
Consumer (2)
2,033 0.4 %2,439 0.5 %
Total loans receivable$518,336 100.0 %$480,470 100.0 %
Unamortized premiums, deferred costs and fees, net2,317 3,079 
Allowance for loan losses(5,515)(5,140)
Total loans receivable, net$515,138 $478,409 
(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 six month periods ended September 30, 2021 and 2020, and the fiscal year ended March 31, 2021.
Three months ended September 30, 2021
$ in thousandsOne-to-four
family		MultifamilyCommercial Real EstateBusinessConsumerUnallocatedTotal
Allowance for loan losses:
Beginning Balance1,086 826 870 2,104 144 184 $5,214 
Charge-offs— — — — (44)— (44)
Recoveries— — — 1 12 128 141 
Provision for (recovery of) Loan Losses(71)88 132 1 25 29 204 
Ending Balance$1,015 $914 $1,002 $2,106 $137 $341 $5,515 

Six months ended September 30, 2021
$ in thousandsOne-to-four
family		MultifamilyCommercial Real EstateBusinessConsumer UnallocatedTotal
Allowance for loan losses:     
Beginning Balance$1,058 $880 $907 $1,855 $165 $275 $5,140 
Charge-offs— — — — (99)— (99)
Recoveries— — — 50 20 128 198 
Provision for (recovery of) Loan Losses(43)34 95 201 51 (62)276 
Ending Balance$1,015 $914 $1,002 $2,106 $137 $341 $5,515 
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment$985 $914 $1,002 $2,008 $137 $341 $5,387 
Allowance for Loan Losses Ending Balance: individually evaluated for impairment30 — — 98 — — 128 
Loan Receivables Ending Balance:$75,202 $129,589 $156,197 $157,627 $2,038 $— $520,653 
Ending Balance: collectively evaluated for impairment71,407 128,707 156,005 150,126 2,038 — 508,283 
Ending Balance: individually evaluated for impairment3,795 882 192 7,501 — — 12,370 

At March 31, 2021
$ in thousandsOne-to-four familyMultifamilyCommercial Real EstateBusinessConsumerUnallocatedTotal
Allowance for Loan Losses Ending Balance: collectively evaluated for impairment$1,026 $880 $907 $1,729 $165 $275 $4,982 
Allowance for Loan Losses Ending Balance: individually evaluated for impairment32 — — 126 — — 158 
Loan Receivables Ending Balance:$78,213 $106,400 $148,809 $147,680 $2,447 $— $483,549 
Ending Balance: collectively evaluated for impairment74,387 106,031 147,891 139,925 2,447 — 470,681 
Ending Balance: individually evaluated for impairment3,826 369 918 7,755 — — 12,868 
Three months ended September 30, 2020
$ in thousandsOne-to-four familyMultifamilyCommercial Real EstateBusinessConsumerUnallocatedTotal
Allowance for loan losses:
Beginning Balance$972 $911 $955 $1,511 $202 $285 $4,836 
Charge-offs— — — (9)— — (9)
Recoveries87 — — 2 1 — 90 
Provision for (recovery of) Loan Losses(106)49 14 132 (14)(76)(1)
Ending Balance$953 $960 $969 $1,636 $189 $209 $4,916 

Six months ended September 30, 2020
$ in thousandsOne-to-four familyMultifamilyCommercial Real EstateBusinessConsumerUnallocatedTotal
Allowance for loan losses:
Beginning Balance$1,055 $1,011 $812 $1,567 $212 $289 $4,946 
Charge-offs— — — (19)— — (19)
Recoveries87 — — 2 3 — 92 
Provision for (recovery of) Loan Losses(189)(51)157 86 (26)(80)(103)
Ending Balance$953 $960 $969 $1,636 $189 $209 $4,916 
Schedule Nonaccrual Loans
The following is a summary of nonaccrual loans at September 30, 2021 and March 31, 2021.
$ in thousands
September 30, 2021
March 31, 2021
Gross loans receivable: 
One-to-four family$3,500 $3,524 
Multifamily882 369 
Commercial real estate192 918 
Business2,148 2,290 
Consumer— 90 
Total nonaccrual loans$6,722 $7,191 
Loans Receivable, Credit Quality Indicators At September 30, 2021, 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$123,131 $149,523 $141,593 
Special Mention— 5,458 6,005 
Substandard6,458 1,216 10,029 
Total$129,589 $156,197 $157,627 
One-to-four familyConsumer
Credit Risk Profile Based on Payment Activity:
Performing$71,702 $2,038 
Non-Performing3,500 — 
Total$75,202 $2,038 

    At March 31, 2021, the risk category by class of loans was as follows:
$ in thousandsMultifamilyCommercial Real EstateBusiness
Credit Risk Profile by Internally Assigned Grade:
Pass$101,212 $142,168 $137,447 
Special Mention— 5,531 1,585 
Substandard 5,188 1,110 8,648 
Total$106,400 $148,809 $147,680 
One-to-four familyConsumer
Credit Risk Profile Based on Payment Activity:
Performing$74,689 $2,356 
Non-Performing3,524 91 
Total$78,213 $2,447 
Past Due Financing Receivables The following table presents an aging analysis of the recorded investment of past due loans receivables at September 30, 2021 and March 31, 2021.
.
September 30, 2021
$ 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$1,511 $270 $2,940 $4,721 $70,481 $75,202 
Multifamily561 455 517 1,533 128,056 129,589 
Commercial real estate824 — — 824 155,373 156,197 
Business12,300 170 856 13,326 144,301 157,627 
Consumer220 — — 220 1,818 2,038 
Total$15,416 $895 $4,313 $20,624 $500,029 $520,653 
March 31, 2021
$ 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$1,188 $— $2,950 $4,138 $74,075 $78,213 
Multifamily798 — — 798 105,602 106,400 
Commercial real estate5,263 — — 5,263 143,546 148,809 
Business671 400 271 1,342 146,338 147,680 
Consumer2 33 91 126 2,321 2,447 
Total$7,922 $433 $3,312 $11,667 $471,882 $483,549 
Impaired Loans The following table presents information on impaired loans with the associated allowance amount, if applicable, at September 30, 2021 and March 31, 2021.
At September 30, 2021
At March 31, 2021
$ in thousandsRecorded
Investment		Unpaid
Principal
Balance		Associated
Allowance		Recorded
Investment		Unpaid
Principal
Balance		Associated
Allowance
With no specific allowance recorded:
One-to-four family$3,721 $4,380 $— $3,750 $4,409 $— 
Multifamily882 882 — 369 369 — 
Commercial real estate192 192 — 918 918 — 
Business2,158 2,158 — 2,332 2,527 — 
With an allowance recorded:
One-to-four family74 74 30 76 72 32 
Business5,343 5,343 98 5,423 5,423 126 
Total$12,370 $13,029 $128 $12,868 $13,718 $158 

    The following tables presents information on average balances of impaired loans and the interest income recognized on a cash basis for the three and six month periods ended September 30, 2021 and 2020.
For the Three Months Ended September 30,
For the Six Months Ended September 30,
2021
2020
2021
2020
$ in thousandsAverage BalanceInterest Income RecognizedAverage BalanceInterest Income RecognizedAverage BalanceInterest Income RecognizedAverage BalanceInterest Income Recognized
With no specific allowance recorded:
One-to-four family$3,735 $3 $3,795 $10 $3,728 $6 $3,840 $35 
Multifamily625 — 374 4 883 — 373 9 
Commercial real estate555 — 580 — 192 — 2,649 — 
Business2,245 — 2,608 26 2,199 — 2,555 55 
With an allowance recorded:
One-to-four family75 — 442 — 74 1 317 — 
Business5,383 73 602 — 5,363 149 602 — 
Total$12,618 $76 $8,401 $40 $12,439 $156 $10,336 $99