The ACL reflects management’s estimate of lifetime credit losses inherent in loans as of the balance sheet date. Management uses a disciplined process and methodology to calculate the ACL each quarter. To determine the total ACL, management estimates the reserves needed for each segment of the loan portfolio, including loans analyzed individually and loans analyzed on a pooled basis.


	June 30, 2025				March 31, 2025
$ in thousands	Amount		Percent		Amount		Percent
Loans receivable:
One-to-four family	$	71,956	11.9	%	$	74,387	12.1	%
Multifamily	164,696		27.2	%	165,812		27.0	%
Commercial real estate	171,693		28.4	%	178,257		29.1	%
Construction	4,640		0.7	%	4,567		0.7	%
Business (1)	165,280		27.3	%	164,964		26.9	%
Consumer (2)	26,993		4.5	%	25,697		4.2	%
Total loans receivable	$	605,258	100.0	%	$	613,684	100.0	%



Allowance for credit losses	(6,321)				(6,337)
Total loans receivable, net	$	598,937			$	607,347

The totals above are shown net of deferred loan fees and costs. Net deferred loan fees totaled $2.5 million and $2.6 million at June 30, 2025 and March 31, 2025, respectively. The Bank purchased $3.5 million of consumer loans during the three months ended June 30, 2025.

The following is an analysis of the allowance for credit losses based upon the method of evaluating loan reserves under the expected loss methodology for the three months ended June 30, 2025 and 2024, and the fiscal year ended March 31, 2025.


Three months ended June 30, 2025
$ in thousands	One-to-four family		Multifamily		Commercial Real Estate		Construction		Business		Consumer		Unallocated		Total
Allowance for credit losses:
Beginning Balance	$	1,799	$	820	$	1,465	$	3	$	1,646	$	593	$	11	$	6,337

Charge-offs	—		—		—		—		—		(47)		—		(47)
Recoveries	—		—		—		—		6		51		—		57
Provision for (recovery of) Credit Losses	(261)		519		(543)		(2)		122		137		2		(26)

Ending Balance	$	1,538	$	1,339	$	922	$	1	$	1,774	$	734	$	13	$	6,321

Allowance for Credit Losses Ending Balance: collectively evaluated for impairment	$	1,538	$	1,339	$	861	$	1	$	1,671	$	650	$	13	$	6,073
Allowance for Credit Losses Ending Balance: individually evaluated for impairment	—		—		61		—		103		84		—		248

Loan Receivables Ending Balance:	$	71,956	$	164,696	$	171,693	$	4,640	$	165,280	$	26,993	$	—	$	605,258
Ending Balance: collectively evaluated for impairment	70,024		160,763		163,130		4,640		152,044		26,893		—		577,494
Ending Balance: individually evaluated for impairment	1,932		3,933		8,563		—		13,236		100		—		27,764


At March 31, 2025
$ in thousands	One-to-four family		Multifamily		Commercial Real Estate		Construction		Business		Consumer		Unallocated		Total






Allowance for Credit Losses Ending Balance:	$	1,799	$	820	$	1,465	$	3	$	1,646	$	593	$	11	$	6,337
Allowance for Credit Losses Ending Balance: collectively evaluated for impairment	1,799		820		1,404		3		1,547		560		11		6,144
Allowance for Credit Losses Ending Balance: individually evaluated for impairment	—		—		61		—		99		33		—		193

Loan Receivables Ending Balance:	$	74,387	$	165,812	$	178,257	$	4,567	$	164,964	$	25,697	$	—	$	613,684
Ending Balance: collectively evaluated for impairment	72,888		161,879		169,935		4,567		151,885		25,664		—		586,818
Ending Balance: individually evaluated for impairment	1,499		3,933		8,322		—		13,079		33		—		26,866