ASC Topic 606, Revenue from Contracts with Customers ("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 not in scope of the guidance. Topic 606 is applicable to non-interest revenue streams, such as depository fees, service charges and commission revenues. The Company generally satisfies its performance obligations on contracts with customers as services are rendered, and the transaction prices are typically fixed and charged either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is little judgment involved in applying Topic 606 that significantly affects the determination of the amount and timing of revenue from contracts with customers. Non-interest revenue streams in-scope of Topic 606 are discussed below.

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 fees are recognized as revenue over the period the related service is provided, or as incurred for transaction-based fees in accordance with the fee schedules for the Bank's deposit products and services. The payment for these services are received at the time the services are provided or when customer transactions take place.

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). The payments are received when such services are provided and these standard lending fees are recognized as revenue over the period the related service is provided.

Other non-interest income includes revenue from the Bank's participation in JPMorgan Chase's Empowering Change program, and income associated with an advertising services agreement covering marketing and use of the Bank's office space with a third party. The payments are typically received monthly and the revenue is recognized over the period the related service is provided and collected in accordance with the agreements.

The Company earns interchange fees from debit card holder transactions conducted through various payment networks. Interchange 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.


	Years Ended March 31,
$ in thousands	2025		2024
Non-interest income
In-scope of Topic 606
Depository fees and charges	$	2,383	$	2,208
Loan fees and service charges	191		389
Other non-interest income	429		361
Non-interest income (in-scope of Topic 606)	3,003		2,958
Non-interest income (out-of-scope of Topic 606)	83		3,765
Total non-interest income	$	3,086	$	6,723

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 thousands	2025		2024
Other non-interest income:
Empowering Change program fees	$	394	$	328


BOLI income	179		459
Other	3		155
Total non-interest income	$	576	$	942

Other non-interest expense:
Advertising	$	499	$	376
Legal expense	758		498
Insurance and surety	989		1,254
Audit expense	650		727

Data lines / internet	427		417
Security services	506		44
Retail expenses	999		1,151
Operating chargeoffs and other losses	46		497


Other	3,336		3,025
Total non-interest expense	$	8,210	$	7,989