LOANS AND ACL (Tables)

12 Months Ended

Mar. 31, 2026

Schedule of loans and financing receivable

. Loans receivable consisted of the following at the dates indicated (in thousands):


		March 31,			March 31,
		2026			2025
Commercial and construction
Commercial business		$	219,846		$	232,935
Commercial real estate			611,634			592,185
Land			9,143			4,610
Multi-family			103,614			91,451
Real estate construction			24,040			29,182
Total commercial and construction			968,277			950,363

Consumer
Real estate one-to-four family			96,698			97,683
Other installment			27,509			14,414
Total consumer			124,207			112,097

Total loans			1,092,484			1,062,460

Less: ACL for loans			15,248			15,374
Loans receivable, net		$	1,077,236		$	1,047,086

Schedule of aggregate loans to officers and directors

Aggregate loans to officers and directors, all of which are current, consisted of the following at and for the periods indicated (in thousands):


		Year Ended March 31,
		2026			2025			2024
Beginning balance		$	1,700		$	2,196		$	2,847
Originations/Additions			3,556			—			—
Principal repayments			(454)			(496)			(651)
Ending balance		$	4,802		$	1,700		$	2,196

Schedule of troubled loan modifications

The following table presents the amortized cost basis and financial effect of loans at March 31, 2025, that were both experiencing financial difficulty and modified during the fiscal year ended March 31, 2025 (in thousands):


	Payment Modification			Total
Commercial real estate	$	6,278		$	6,278
Total	$	6,278		$	6,278

Schedule of risk category of bank loans by year of origination

The following table sets forth the Company’s loan portfolio at March 31, 2026 and 2025 by risk attribute and year of origination as well as current period gross charge-offs (in thousands). Revolving loans that are converted to term loans are treated as new originations in the table below and are presented by year of origination. Term loans that are renewed or extended for periods longer than 90 days are presented as a new origination in the year of the most recent renewal or extension.


		March 31, 2026
		Term Loans Amortized Cost Basis by Origination Fiscal Year
																Total
														Revolving		Loans
		2026		2025		2024		2023		2022		Prior		Loans		Receivable

Commercial business
Risk rating
Pass		$	6,270	$	15,664	$	16,776	$	46,668	$	77,604	$	38,064	$	13,459	$	214,505
Special Mention			—		1,253		—		—		404		—		3,039		4,696
Substandard			—		126		—		—		—		519		—		645
Total commercial business		$	6,270	$	17,043	$	16,776	$	46,668	$	78,008	$	38,583	$	16,498	$	219,846
Current YTD gross write-offs		$	—	$	—	$	—	$	398	$	—	$	—	$	1	$	399

Commercial real estate
Risk rating
Pass		$	70,158	$	46,935	$	40,035	$	56,434	$	132,992	$	216,215	$	—	$	562,769
Special Mention			2,296		237		2,560		6,230		2,598		23,132		—		37,053
Substandard			1,856		93		—		—		2,490		7,373		—		11,812
Total commercial real estate		$	74,310	$	47,265	$	42,595	$	62,664	$	138,080	$	246,720	$	—	$	611,634
Current YTD gross write-offs		$	—	$	—	$	—	$	—	$	—	$	911	$	—	$	911

Land
Risk rating
Pass		$	7,441	$	600	$	—	$	886	$	72	$	148	$	(4)	$	9,143
Total land		$	7,441	$	600	$	—	$	886	$	72	$	148	$	(4)	$	9,143
Current YTD gross write-offs		$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Multi-family
Risk rating
Pass		$	10,609	$	1,008	$	923	$	42,920	$	34,957	$	12,487	$	—	$	102,904
Special Mention			—		—		—		322		—		183		—		505
Substandard			—		100		—		—		17		52		—		169
Doubtful			—		—		—		—		—		36		—		36
Total multi-family		$	10,609	$	1,108	$	923	$	43,242	$	34,974	$	12,758	$	—	$	103,614
Current YTD gross write-offs		$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


		March 31, 2026
		Term Loans Amortized Cost Basis by Origination Fiscal Year
																	Total
														Revolving			Loans
		2026		2025		2024		2023		2022		Prior		Loans			Receivable

Real estate construction
Risk rating
Pass		$	22,010	$	2,030	$	—	$	—	$	—	$	—	$	—		$	24,040
Total real estate construction		$	22,010	$	2,030	$	—	$	—	$	—	$	—	$	—		$	24,040
Current YTD gross write-offs		$	—	$	—	$	—	$	—	$	—	$	—	$	—		$	—

Real estate one-to-four family
Risk rating
Pass		$	—	$	—	$	—	$	—	$	54,684	$	18,140	$	23,867		$	96,691
Substandard			—		—		—		—		—		—		7			7
Total real estate one-to-four family		$	—	$	—	$	—	$	—	$	54,684	$	18,140	$	23,874		$	96,698
Current YTD gross write-offs		$	—	$	—	$	—	$	—	$	—	$	28	$	—		$	28

Other installment
Risk rating
Pass		$	14,912	$	11,641	$	240	$	177	$	34	$	34	$	471		$	27,509
Total other installment		$	14,912	$	11,641	$	240	$	177	$	34	$	34	$	471		$	27,509
Current YTD gross write-offs		$	—	$	—	$	—	$	—	$	—	$	—	$	18		$	18

Total loans receivable, gross
Risk rating
Pass		$	131,400	$	77,878	$	57,974	$	147,085	$	300,343	$	285,088	$	37,793		$	1,037,561
Special Mention			2,296		1,490		2,560		6,552		3,002		23,315		3,039			42,254
Substandard			1,856		319		—		—		2,507		7,944		7			12,633
Doubtful			—		—		—		—		—		36		—			36
Total loans receivable, gross		$	135,552	$	79,687	$	60,534	$	153,637	$	305,852	$	316,383	$	40,839		$	1,092,484
Total current YTD gross write-offs		$	—	$	—	$	—	$	398	$	—	$	939	$	19		$	1,356


		March 31, 2025
		Term Loans Amortized Cost Basis by Origination Fiscal Year
																Total
														Revolving		Loans
		2025		2024		2023		2022		2021		Prior		Loans		Receivable

Commercial business
Risk rating
Pass		$	10,840	$	17,592	$	56,013	$	85,632	$	20,918	$	24,198	$	12,822	$	228,015
Special Mention			1,964		—		—		571		—		456		1,166		4,157
Substandard			—		—		—		—		472		291		—		763
Total commercial business		$	12,804	$	17,592	$	56,013	$	86,203	$	21,390	$	24,945	$	13,988	$	232,935
Current YTD gross write-offs		$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate
Risk rating
Pass		$	44,477	$	42,181	$	61,005	$	138,354	$	86,768	$	173,364	$	—	$	546,149
Special Mention			—		3,164		3,638		5,246		—		31,920		—		43,968
Substandard			—		30		—		—		—		2,038		—		2,068
Total commercial real estate		$	44,477	$	45,375	$	64,643	$	143,600	$	86,768	$	207,322	$	—	$	592,185
Current YTD gross write-offs		$	—	$	80	$	—	$	—	$	—	$	—	$	—	$	80

Land
Risk rating
Pass		$	615	$	—	$	2,570	$	84	$	—	$	457	$	884	$	4,610
Total land		$	615	$	—	$	2,570	$	84	$	—	$	457	$	884	$	4,610
Current YTD gross write-offs		$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Multi-family
Risk rating
Pass		$	1,132	$	947	$	39,279	$	35,831	$	4,257	$	9,583	$	—	$	91,029
Special Mention			—		—		183		—		18		155		—		356
Substandard			—		—		—		—		—		66		—		66
Total multi-family		$	1,132	$	947	$	39,462	$	35,831	$	4,275	$	9,804	$	—	$	91,451
Current YTD gross write-offs		$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


		March 31, 2025
		Term Loans Amortized Cost Basis by Origination Fiscal Year
																	Total
														Revolving			Loans
		2025		2024		2023		2022		2021		Prior		Loans			Receivable

Real estate construction
Risk rating
Pass		$	14,092	$	11,784	$	3,306	$	—	$	—	$	—	$	—		$	29,182
Total real estate construction		$	14,092	$	11,784	$	3,306	$	—	$	—	$	—	$	—		$	29,182
Current YTD gross write-offs		$	—	$	—	$	—	$	—	$	—	$	—	$	—		$	—

Real estate one-to-four family
Risk rating
Pass		$	133	$	—	$	—	$	58,107	$	4,041	$	17,115	$	18,257		$	97,653
Substandard			—		—		—		—		—		30		—			30
Total real estate one-to-four family		$	133	$	—	$	—	$	58,107	$	4,041	$	17,145	$	18,257		$	97,683
Current YTD gross write-offs		$	—	$	—	$	—	$	—	$	—	$	—	$	11		$	11

Other installment
Risk rating
Pass		$	13,185	$	337	$	336	$	96	$	48	$	6	$	406		$	14,414
Total other installment		$	13,185	$	337	$	336	$	96	$	48	$	6	$	406		$	14,414
Current YTD gross write-offs		$	—	$	6	$	—	$	25	$	—	$	—	$	1		$	32

Total loans receivable, gross
Risk rating
Pass		$	84,474	$	72,841	$	162,509	$	318,104	$	116,032	$	224,723	$	32,369		$	1,011,052
Special Mention			1,964		3,164		3,821		5,817		18		32,531		1,166			48,481
Substandard			—		30		—		—		472		2,425		—			2,927
Total loans receivable, gross		$	86,438	$	76,035	$	166,330	$	323,921	$	116,522	$	259,679	$	33,535		$	1,062,460
Total current YTD gross write-offs		$	—	$	86	$	—	$	25	$	—	$	—	$	12		$	123

Schedule of reconciliation of the allowance for loan losses

The following tables detail activity in the ACL for loans for the fiscal years ended March 31, 2026, 2025 and 2024, by loan category (in thousands):


March 31, 2026	Commercial			Commercial						Multi-			Real Estate
	Business			Real Estate			Land			Family			Construction			Consumer		Unallocated			Total
Beginning balance	$	5,033		$	7,492		$	83		$	444		$	480		$	1,842	$	—		$	15,374
Provision for (recapture of) credit losses		(47)			946			109			24			(48)			188		—			1,172
Charge-offs		(399)			(911)			—			—			—			(46)		—			(1,356)
Recoveries		—			—			—			—			—			58		—			58
Ending balance	$	4,587		$	7,527		$	192		$	468		$	432		$	2,042	$	—		$	15,248

March 31, 2025

Beginning balance	$	5,280		$	7,391		$	106		$	367		$	636		$	1,584	$	—		$	15,364
Provision for (recapture of) credit losses		(248)			181			(23)			77			(156)			269		—			100
Charge-offs		—			(80)			—			—			—			(43)		—			(123)
Recoveries		1			—			—			—			—			32		—			33
Ending balance	$	5,033		$	7,492		$	83		$	444		$	480		$	1,842	$	—		$	15,374

March 31, 2024

Beginning balance	$	3,123		$	8,894		$	93		$	798		$	764		$	1,127	$	510		$	15,309
Impact of adopting CECL (ASU 2016-13)		1,884			(1,494)			40			(492)			131			483		(510)			42
Provision for (recapture of) credit losses		273			(9)			(27)			61			(259)			(39)		—			—
Charge-offs		—			—			—			—			—			(13)		—			(13)
Recoveries		—			—			—			—			—			26		—			26
Ending balance	$	5,280		$	7,391		$	106		$	367		$	636		$	1,584	$	—		$	15,364

Schedule of changes in the allowance for unfunded loan commitments

Changes in the ACL for unfunded loan commitments were as follows for the years indicated (in thousands):


		Year Ended March 31,
		2026			2025			2024
Beginning balance		$	286		$	336		$	407
Impact of adopting CECL (ASU 2016-13)			—			—			28
Balance at beginning of period, as adjusted			286			336			435

Net change in ACL - unfunded loan commitments			83			(50)			(99)
Ending balance		$	369		$	286		$	336

Schedule of analysis of loans by aging category

The following tables present an analysis of loans by aging category at the dates indicated (in thousands):


											Total
					90 Days						Past
					Or						Due and						Total
		30-89 Days			More						Non-						Loans
March 31, 2026		Past Due			Past Due			Non-accrual			accrual			Current			Receivable

Commercial business		$	2,346		$	—		$	645		$	2,991		$	216,855		$	219,846
Commercial real estate			4,118			—			7,112			11,230			600,404			611,634
Land			—			—			—			—			9,143			9,143
Multi-family			—			—			—			—			103,614			103,614
Real estate construction			—			—			—			—			24,040			24,040
Consumer			44			—			7			51			124,156			124,207
Total		$	6,508		$	—		$	7,764		$	14,272		$	1,078,212		$	1,092,484

March 31, 2025

Commercial business		$	3,793		$	—		$	37		$	3,830		$	229,105		$	232,935
Commercial real estate			242			—			88			330			591,855			592,185
Land			—			—			—			—			4,610			4,610
Multi-family			—			—			—			—			91,451			91,451
Real estate construction			—			—			—			—			29,182			29,182
Consumer			47			—			30			77			112,020			112,097
Total		$	4,082		$	—		$	155		$	4,237		$	1,058,223		$	1,062,460