Riverview Bancorp (RVSB) 10-Q 12 Feb 25 2025 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2024	Feb. 13, 2025
Document and Entity Information:
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Securities Act File Number	000-22957
Entity Registrant Name	RIVERVIEW BANCORP INC
Entity Incorporation, State or Country Code	WA
Entity Tax Identification Number	91-1838969
Entity Address, Address Line One	900 Washington St.
Entity Address, Address Line Two	Ste. 900
Entity Address, City or Town	Vancouver
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98660
City Area Code	360
Local Phone Number	693-6650
Title of 12(b) Security	Common Stock
Trading Symbol	RVSB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		20,976,200
Entity Central Index Key	0001041368
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
ASSETS
Cash and cash equivalents (including interest earning deposits in other banks of $12,573 and $12,164)	$ 25,348	$ 23,642
Investment securities:
Available for sale, at estimated fair value	124,874	143,196
Held to maturity, at amortized cost (estimated fair value of $180,474 and $195,519)	212,295	229,510
Loans receivable (net of allowance for credit losses of $15,352 and $15,364)	1,029,757	1,008,649
Prepaid expenses and other assets	12,945	14,469
Accrued interest receivable	4,639	4,415
Federal Home Loan Bank ("FHLB") stock, at cost	4,742	4,927
Premises and equipment, net	22,731	21,718
Financing lease right-of-use ("ROU") assets	1,144	1,202
Deferred income taxes, net	9,471	9,778
Goodwill	27,076	27,076
Core deposit intangible ("CDI"), net	196	271
Bank owned life insurance ("BOLI")	33,391	32,676
TOTAL ASSETS	1,508,609	1,521,529
LIABILITIES:
Deposits	1,219,002	1,231,679
Accrued expenses and other liabilities	17,634	16,205
Advance payments by borrowers for taxes and insurance	317	581
FHLB advances	84,200	88,304
Junior subordinated debentures	27,069	27,004
Finance lease liability	2,117	2,168
Total liabilities	1,350,339	1,365,941
COMMITMENTS AND CONTINGENCIES (See Note 13)
SHAREHOLDERS' EQUITY:
Serial preferred stock, $.01 par value; 250,000 shares authorized; issued and outstanding: none
Common stock, $.01 par value; 50,000,000 shares authorized December 31, 2024 - 21,134,758 shares issued and outstanding March 31, 2024 - 21,111,043 shares issued and outstanding	209	211
Additional paid-in capital	54,227	55,005
Retained earnings	118,988	116,499
Accumulated other comprehensive loss	(15,154)	(16,127)
Total shareholders' equity	158,270	155,588
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,508,609	$ 1,521,529

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
CONSOLIDATED BALANCE SHEETS
Interest-Bearing Deposits in Banks and Other Financial Institutions	$ 12,573	$ 12,164
Fair value of mortgage-backed securities held to maturity (in dollars)	180,474	195,519
Allowance for credit losses (in dollars)	$ 15,352	$ 15,364
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	250,000	250,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Shares, Issued	21,134,758	21,111,043
Common Stock, Shares, Outstanding	21,134,758	21,111,043

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
INTEREST AND DIVIDEND INCOME:
Interest and fees on loans receivable	$ 13,201	$ 11,645	$ 37,936	$ 34,288
Interest on investment securities - taxable	1,589	2,231	5,435	6,826
Interest on investment securities - nontaxable	65	65	195	196
Other interest and dividends	272	331	902	954
Total interest and dividend income	15,127	14,272	44,468	42,264
INTEREST EXPENSE:
Interest on deposits	4,101	2,059	11,403	5,264
Interest on borrowings	1,638	2,889	5,914	7,466
Total interest expense	5,739	4,948	17,317	12,730
Net interest income	9,388	9,324	27,151	29,534
Provision for credit losses			100
Net interest income after provision for credit losses	9,388	9,324	27,051	29,534
NON-INTEREST INCOME:
Income from BOLI	225	211	715	669
Other, net	181	46	844	288
Total non-interest income, net	3,341	3,056	10,549	9,748
NON-INTEREST EXPENSE:
Salaries and employee benefits	6,471	6,091	19,336	17,979
Occupancy and depreciation	1,871	1,698	5,687	4,930
Data processing	743	712	2,202	2,096
Amortization of CDI	25	27	75	81
Advertising and marketing	317	282	994	950
FDIC insurance premium	174	178	518	530
State and local taxes	327	355	777	814
Telecommunications	54	56	153	161
Professional fees	429	353	1,223	961
Other	743	799	1,859	2,116
Total non-interest expense	11,154	10,551	32,824	30,618
INCOME BEFORE INCOME TAXES	1,575	1,829	4,776	8,664
PROVISION FOR INCOME TAXES	343	377	1,021	1,897
NET INCOME	$ 1,232	$ 1,452	$ 3,755	$ 6,767
Earnings per common share:
Basic	$ 0.06	$ 0.07	$ 0.18	$ 0.32
Diluted	$ 0.06	$ 0.07	$ 0.18	$ 0.32
Weighted average number of common shares outstanding:
Basic	21,037,246	21,113,464	21,081,851	21,146,888
Diluted	21,037,246	21,113,464	21,081,851	21,148,679
Fees and service charges
NON-INTEREST INCOME:
Non-interest income	$ 1,492	$ 1,533	$ 4,556	$ 4,871
Asset management fees
NON-INTEREST INCOME:
Non-interest income	$ 1,443	$ 1,266	$ 4,434	$ 3,920

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 1,232	$ 1,452	$ 3,755	$ 6,767
Other comprehensive income (loss):
Net unrealized holding gains (losses) from available for sale investment securities arising during the period, net of tax (expense) benefit of $783, ($1,968), ($307) and ($270), respectively	(2,481)	6,236	973	855
Total comprehensive income (loss), net	$ (1,249)	$ 7,688	$ 4,728	$ 7,622

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Tax effect of unrealized holding gains (losses) from available for sale securities	$ 783	$ (1,968)	$ (307)	$ (270)

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings Adjustment	Retained Earnings	Accumulated Other Comprehensive Loss	Adjustment	Total
Balance at Mar. 31, 2023	$ 212	$ 55,511		$ 117,826	$ (18,310)		$ 155,239
Balance (in shares) at Mar. 31, 2023	21,221,960
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				6,767			6,767
Cash dividends on common stock				(3,806)			(3,806)
Exercise of stock options		36					$ 36
Exercise of stock options (in shares)	12,799						12,799
Stock repurchased	$ (1)	(576)					$ (577)
Stock repurchased (in shares)	(109,162)
Restricted stock grants and forfeited, net (in shares)	(14,554)
Stock-based compensation, net		11					11
Other comprehensive income (loss), net					855		855
Balance at Dec. 31, 2023	$ 211	54,982	$ (53)	120,734	(17,455)	$ (53)	158,472
Balance (in shares) at Dec. 31, 2023	21,111,043
Balance at Sep. 30, 2023	$ 211	54,963		120,556	(23,691)		152,039
Balance (in shares) at Sep. 30, 2023	21,125,889
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				1,452			1,452
Cash dividends on common stock				(1,274)			(1,274)
Restricted stock grants and forfeited, net (in shares)	(14,846)
Stock-based compensation, net		19					19
Other comprehensive income (loss), net					6,236		6,236
Balance at Dec. 31, 2023	$ 211	54,982	$ (53)	120,734	(17,455)	$ (53)	158,472
Balance (in shares) at Dec. 31, 2023	21,111,043
Balance at Mar. 31, 2024	$ 211	55,005		116,499	(16,127)		155,588
Balance (in shares) at Mar. 31, 2024	21,111,043
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				3,755			3,755
Cash dividends on common stock				(1,266)			(1,266)
Stock repurchased	$ (2)	(1,094)					(1,096)
Stock repurchased (in shares)	(200,073)
Restricted stock grants and forfeited, net (in shares)	223,788
Stock-based compensation, net		316					316
Other comprehensive income (loss), net					973		973
Balance at Dec. 31, 2024	$ 209	54,227		118,988	(15,154)		158,270
Balance (in shares) at Dec. 31, 2024	21,134,758
Balance at Sep. 30, 2024	$ 211	55,057		118,179	(12,673)		160,774
Balance (in shares) at Sep. 30, 2024	21,096,968
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				1,232			1,232
Cash dividends on common stock				(423)			(423)
Stock repurchased	$ (2)	(1,094)					(1,096)
Stock repurchased (in shares)	(200,073)
Restricted stock grants and forfeited, net (in shares)	237,863
Stock-based compensation, net		264					264
Other comprehensive income (loss), net					(2,481)		(2,481)
Balance at Dec. 31, 2024	$ 209	$ 54,227		$ 118,988	$ (15,154)		$ 158,270
Balance (in shares) at Dec. 31, 2024	21,134,758

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
Dividend per share (in dollars per share)	$ 0.02	$ 0.06	$ 0.06	$ 0.18

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 3,755	$ 6,767
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,444	1,934
Purchased loans amortization, net	62	92
Provision for credit losses	100
Stock-based compensation expense	316	11
Increase (decrease) in deferred loan origination fees, net of amortization	(444)	326
Income from BOLI	(715)	(669)
Changes in certain other assets and liabilities:
Prepaid expenses and other assets	773	1,577
Accrued interest receivable	(224)	(458)
Accrued expenses and other liabilities	2,342	11,041
Net cash provided by operating activities	8,409	20,621
CASH FLOWS FROM INVESTING ACTIVITIES:
Loan originations, net	(4,011)	(2,093)
Purchases of loans receivable	(16,815)	(7,658)
Principal repayments on investment securities available for sale	6,236	13,229
Proceeds from calls and maturities of investment securities available for sale	19,230	3,016
Principal repayments on investment securities held to maturity	10,918	10,867
Proceeds from sale of shares in trading asset - VISA stock	392
Purchases of premises and equipment and capitalized software	(2,621)	(3,812)
Redemption of certificates of deposit held for investment		249
Sale (purchase) of FHLB stock, net	185	(1,159)
Proceeds from sales of premises and equipment	86
Net cash provided by investing activities	13,600	12,639
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in deposits	(12,677)	(46,325)
Dividends paid	(2,111)	(3,814)
Proceeds from borrowings	472,700	465,480
Repayment of borrowings	(476,804)	(432,180)
Net decrease in advance payments by borrowers for taxes and insurance	(264)	(326)
Principal payments on finance lease liability	(51)	(45)
Proceeds from exercise of stock options		36
Repurchase of common stock	(1,096)	(577)
Net cash used in financing activities	(20,303)	(17,751)
NET INCREASE IN CASH AND CASH EQUIVALENTS	1,706	15,509
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	23,642	22,044
CASH AND CASH EQUIVALENTS, END OF PERIOD	25,348	37,553
Cash paid during the period for:
Interest	16,200	12,205
Income taxes	73	1,620
NONCASH INVESTING AND FINANCING ACTIVITIES:
Dividends declared and accrued in other liabilities	423	1,267
Net unrealized holding gains from available for sale investment securities	1,280	1,125
Income tax effect related to other comprehensive income (loss)	(307)	(270)
Adjustment to retained earnings, net of deferred tax; - adoption of ASU 2016-13		$ (53)
Conversion of shares in trading asset - VISA stock	$ 392

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Dec. 31, 2024
BASIS OF PRESENTATION
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Quarterly Reports on Form 10-Q and, therefore, do not include all disclosures necessary for a complete presentation of financial condition, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America (“generally accepted accounting principles” or “GAAP”). However, all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim unaudited consolidated financial statements have been included. All such adjustments are of a normal recurring nature. ​ The accompanying unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Riverview Bancorp, Inc. Annual Report on Form 10-K for the year ended March 31, 2024 (“2024 Form 10-K”). The unaudited consolidated results of operations for the nine months ended December 31, 2024 are not necessarily indicative of the results which may be expected for the entire fiscal year ending March 31, 2025. ​ The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. ​ Certain prior period amounts have been reclassified to conform to the current period presentation; such reclassifications had no effect on previously reported net income or total shareholders’ equity. ​ ​

PRINCIPLES OF CONSOLIDATION

PRINCIPLES OF CONSOLIDATION	9 Months Ended
	Dec. 31, 2024
PRINCIPLES OF CONSOLIDATION
PRINCIPLES OF CONSOLIDATION	2. PRINCIPLES OF CONSOLIDATION The accompanying consolidated financial statements include the accounts of Riverview Bancorp, Inc.; its wholly-owned subsidiary, Riverview Bank (the “Bank”); and the Bank’s wholly-owned subsidiaries, Riverview Services, Inc. and Riverview Trust Company (the “Trust Company”) (collectively referred to as the “Company”). All inter-company transactions and balances have been eliminated in consolidation. ​

STOCK PLANS AND STOCK-BASED COM

STOCK PLANS AND STOCK-BASED COMPENSATION	9 Months Ended
	Dec. 31, 2024
STOCK PLANS AND STOCK-BASED COMPENSATION
STOCK PLANS AND STOCK-BASED COMPENSATION	3. STOCK PLANS AND STOCK-BASED COMPENSATION Stock Option Plans - In July 2003, shareholders of the Company approved the adoption of the 2003 Stock Option Plan (“2003 Plan”). The 2003 Plan was effective in July 2003 and expired in July 2013. Accordingly, no further option awards may be granted under the 2003 Plan. Further, no options granted under the 2003 plan remain outstanding as of December 31, 2024, with all such awards having been either previously exercised or forfeited. Each option granted under the 2003 Plan had an exercise price equal to the fair value of the Company’s common stock on the date of the grant, a maximum term of ten years and a vesting period from zero to five years . ​ In July 2017, the shareholders of the Company approved the Riverview Bancorp, Inc. 2017 Equity Incentive Plan (“2017 Plan”). The 2017 Plan provides for the grant of incentive stock options, non-qualified stock options, restricted stock and restricted stock units. The Company reserved 1,800,000 shares of its common stock for issuance under the 2017 Plan. At December 31, 2024, there were ­­­­1,308,215 shares available for grant under the 2017 Plan. The 2003 Plan and the 2017 Plan are collectively referred to as “the Stock Option Plans”. ​ The fair value of each stock option granted is estimated on the date of grant using the Black-Scholes stock option valuation model. The fair value of all awards is amortized on a straight-line basis over the requisite service periods, which are generally the vesting periods. The expected life of options granted represents the period of time that they are expected to be outstanding. The expected life is determined based on historical experience with similar options, considering the contractual terms and vesting schedules. Expected volatility is estimated at the date of grant based on the historical volatility of the Company's common stock. Expected dividends are based on dividend trends and the market value of the Company's common stock at the time of grant. The risk-free interest rate for periods within the contractual life of the options is based on the U.S. Treasury yield curve in effect at the time of the grant. There were no stock options granted under the 2017 Stock Option Plan during the nine months ended December 31, 2024 and 2023. ​ As of December 31, 2024, all outstanding stock options were fully vested and there was no remaining unrecognized compensation expense related to stock options granted under the Stock Option Plans. There was no stock-based compensation expense related to stock options for the nine months ended December 31, 2024 and 2023 under the Stock Option Plans. ​ There was no activity related to stock options for the nine months ended December 31, 2024. The following table presents the activity related to stock options under the Stock Option Plans for the nine months ended December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended December 31, ​ ​ 2023 ​ ​ Weighted ​ ​ ​ ​ Average ​ ​ ​ Number of ​ Exercise ​ ​ Shares Price Balance, beginning of period 14,310 ​ $ 2.78 Options exercised (12,799) ​ 2.78 Options expired (1,511) ​ 2.78 Balance, end of period — ​ $ — ​ There were no stock options outstanding as of December 31, 2024 and 2023. ​ There was no intrinsic value of stock options exercised for the nine months ended December 31, 2024. The total intrinsic value of stock options exercised was $28,000 for the nine months ended December 31, 2023, under the Stock Option Plans. ​ The Company may grant restricted stock pursuant to the 2017 Plan of which vesting can either be time based or performance based. Performance based awards are subject to attaining certain performance metrics and all, or a portion of, the performance based awards can subsequently be cancelled for not attaining the predetermined performance metrics. The fair value of restricted stock awards is equal to the fair value of the Company’s stock on the date of grant. The related stock-based compensation expense is recorded over the requisite service period. Stock-based compensation related to restricted stock grants was $ 264,000 and $19,000 for the three months ended December 31, 2024 and 2023, respectively. Stock-based compensation related to restricted stock grants was $ 316,000 and $ 11,000 for the nine months ended December 31, 2024 and 2023, respectively. The increase in the stock-based compensation expense was due to there being no net restricted stock forfeitures for the three and nine months ended December 31, 2024 compared to the reversal of stock-based compensation expense related to restricted stock forfeited for the three and nine months ended December 31,2023 totaling $26,000 and $238,000 , respectively. The unrecognized stock-based compensation related to restricted stock was $ 1.2 million and $ 267,000 at December 31, 2024 and 2023, respectively. The weighted average vesting period for the restricted stock was 2.68 years and 1.51 years at December 31, 2024 and 2023, respectively. ​ A summary of changes in nonvested restricted stock awards for the periods shown: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time Based Performance Based Total ​ ​ Number ​ Weighted ​ Number ​ Weighted ​ Number ​ Weighted ​ ​ of ​ Average ​ of ​ Average ​ of ​ Average ​ ​ Unvested ​ Grant Date ​ Unvested ​ Grant Date ​ Unvested ​ Grant Date Nine Months Ended December 31, 2024 Shares Fair Value Shares Fair Value Shares Fair Value Balance, beginning of period 15,779 ​ $ 5.72 63,397 ​ $ 5.68 79,176 ​ $ 5.69 Granted 147,462 ​ 5.76 90,401 ​ 5.76 237,863 ​ 5.76 Forfeited — ​ — (14,075) ​ 5.21 (14,075) ​ 5.21 Vested (7,281) ​ 6.08 (16,393) ​ 6.73 (23,674) ​ 6.53 Balance, end of period 155,960 ​ $ 5.74 123,330 ​ $ 5.65 279,290 ​ $ 5.70 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time Based Performance Based Total ​ ​ Number ​ Weighted ​ Number ​ Weighted ​ Number ​ Weighted ​ ​ of ​ Average ​ of ​ Average ​ of ​ Average ​ ​ Unvested ​ Grant Date ​ Unvested ​ Grant Date ​ Unvested ​ Grant Date Nine Months Ended December 31, 2023 Shares Fair Value Shares Fair Value Shares Fair Value Balance, beginning of period 29,977 ​ $ 6.14 132,645 ​ $ 6.05 162,622 ​ $ 6.07 Granted 19,926 ​ 5.21 84,040 ​ 5.21 103,966 ​ 5.21 Forfeited (19,006) ​ 5.81 (99,514) ​ 5.94 (118,520) ​ 5.92 Vested (15,118) ​ 5.77 (53,774) ​ 5.38 (68,892) ​ 5.47 Balance, end of period 15,779 ​ $ 5.72 63,397 ​ $ 5.68 79,176 ​ $ 5.69 ​

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Dec. 31, 2024
EARNINGS PER SHARE
EARNINGS PER SHARE	4. EARNINGS PER SHARE Basic earnings per share (“EPS”) is computed by dividing net income or loss applicable to common stock by the weighted average number of common shares outstanding during the period, without considering any dilutive items. Nonvested shares of restricted stock are included in the computation of basic EPS because the holder has voting rights and shares in non-forfeitable dividends during the vesting period. Diluted EPS is computed by dividing net income applicable to common stock by the weighted average number of common shares and common stock equivalents for items that are dilutive, net of shares assumed to be repurchased using the treasury stock method at the average share price for the Company’s common stock during the period. Common stock equivalents arise from the assumed exercise of outstanding stock options. For the nine months ended December 31, 2024 and 2023, there were no stock options excluded in computing diluted EPS. ​ In November 2022, the Company’s Board of Directors adopted a stock repurchase program (the “November 2022 repurchase program”). Under the November 2022 repurchase program, the Company was authorized to repurchase up to $2.5 million of the Company’s outstanding shares of common stock, in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on November 28, 2022 and continuing until the earlier of the completion of the authorized level of repurchases or May 28, 2023, depending upon market conditions. The Company completed the November 2022 repurchase program on May 5, 2023, repurchasing a total of 394,334 shares at an average cost of $6.34 per share for a total cost of $2.5 million. All shares repurchased under the November 2022 program were retired as of May 28, 2023. On September 25, 2024, the Company’s Board of Directors adopted a stock repurchase program (the “September 2024 repurchase program”). Under the September 2024 repurchase program, the Company may repurchase up to $2.0 million of the Company’s outstanding shares of common stock, in the open market, based on prevailing market prices, or in privately negotiated transactions. The repurchase program will continue until the earlier of the completion of the repurchase or 12 months after the effective date of October 29, 2024, depending on market conditions. As of December 31, 2024, the Company had repurchased 200,073 shares at a total cost of $1.1 million under the September 2024 repurchase program at an average price of $5.43 per share. The following table presents a reconciliation of the components used to compute basic and diluted EPS for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended December 31, Nine Months Ended December 31, ​ 2024 2023 2024 2023 (Dollars and share data in thousands, except per share data) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic EPS computation: ​ ​ ​ ​ Numerator-net income ​ $ 1,232 ​ $ 1,452 ​ $ 3,755 ​ $ 6,767 Denominator-weighted average common shares outstanding ​ 21,037 ​ 21,113 ​ 21,082 ​ 21,147 Basic EPS ​ $ 0.06 ​ $ 0.07 ​ $ 0.18 ​ $ 0.32 Diluted EPS computation: ​ ​ ​ ​ Numerator-net income ​ $ 1,232 ​ $ 1,452 ​ $ 3,755 ​ $ 6,767 Denominator-weighted average common shares outstanding ​ 21,037 ​ 21,113 ​ 21,082 ​ 21,147 Effect of dilutive stock options ​ — ​ — ​ — ​ 2 Weighted average common shares and common stock equivalents ​ 21,037 ​ 21,113 ​ 21,082 ​ 21,149 Diluted EPS ​ $ 0.06 ​ $ 0.07 ​ $ 0.18 ​ $ 0.32 ​

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Dec. 31, 2024
INVESTMENT SECURITIES
INVESTMENT SECURITIES	5. INVESTMENT SECURITIES The amortized cost and approximate fair value of investment securities consisted of the following at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross Estimated ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ ​ Cost ​ Gains ​ Losses ​ Value December 31, 2024 ​ ​ ​ ​ Available for sale: ​ ​ ​ ​ ​ Municipal securities ​ $ 37,329 ​ $ 1 ​ $ (6,794) ​ $ 30,536 Agency securities ​ 38,937 ​ ​ — ​ ​ (3,352) ​ ​ 35,585 Real estate mortgage investment conduits (1) ​ 29,261 ​ ​ — ​ ​ (5,658) ​ ​ 23,603 Residential mortgage-backed securities (1) ​ 11,422 ​ ​ 12 ​ ​ (751) ​ ​ 10,683 Other mortgage-backed securities (2) ​ 27,865 ​ ​ 4 ​ ​ (3,402) ​ ​ 24,467 Total available for sale ​ $ 144,814 ​ $ 17 ​ $ (19,957) ​ $ 124,874 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ 10,302 ​ $ — ​ $ (2,945) ​ $ 7,357 Agency securities ​ ​ 48,253 ​ ​ — ​ ​ (3,368) ​ ​ 44,885 Real estate mortgage investment conduits (1) ​ ​ 29,249 ​ ​ — ​ ​ (4,786) ​ ​ 24,463 Residential mortgage-backed securities (1) ​ ​ 104,314 ​ ​ — ​ ​ (17,686) ​ ​ 86,628 Other mortgage-backed securities (3) ​ ​ 20,177 ​ ​ — ​ ​ (3,036) ​ ​ 17,141 Total held to maturity ​ $ 212,295 ​ $ — ​ $ (31,821) ​ $ 180,474 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ Cost ​ Gains ​ Losses ​ Fair Value March 31, 2024 ​ ​ ​ ​ Available for sale: ​ ​ ​ ​ Municipal securities ​ $ 41,657 ​ $ 20 ​ $ (6,541) ​ $ 35,136 Agency securities ​ 47,818 ​ ​ — ​ ​ (4,241) ​ ​ 43,577 Real estate mortgage investment conduits (1) ​ 31,424 ​ ​ — ​ ​ (5,759) ​ ​ 25,665 Residential mortgage-backed securities (1) ​ 13,519 ​ ​ 3 ​ ​ (971) ​ ​ 12,551 Other mortgage-backed securities (2) ​ 29,998 ​ ​ 3 ​ ​ (3,734) ​ ​ 26,267 Total available for sale ​ $ 164,416 ​ $ 26 ​ $ (21,246) ​ $ 143,196 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ 10,321 ​ $ — ​ $ (2,789) ​ $ 7,532 Agency securities ​ ​ 54,123 ​ ​ — ​ ​ (4,522) ​ ​ 49,601 Real estate mortgage investment conduits (1) ​ ​ 31,752 ​ ​ — ​ ​ (5,171) ​ ​ 26,581 Residential mortgage-backed securities (1) ​ ​ 112,834 ​ ​ — ​ ​ (18,196) ​ ​ 94,638 Other mortgage-backed securities (3) ​ ​ 20,480 ​ ​ — ​ ​ (3,313) ​ ​ 17,167 Total held to maturity ​ $ 229,510 ​ $ — ​ $ (33,991) ​ $ 195,519 ​ (1) Comprised of Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”) and Ginnie Mae (“GNMA”) issued securities. (2) Comprised of U.S. Small Business Administration (“SBA”) issued securities and commercial real estate (“CRE”) secured securities issued by FNMA and FHLMC. (3) Comprised of FHLMC and FNMA issued securities. The contractual maturities of investment securities as of December 31, 2024 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ Held to Maturity ​ ​ ​ Estimated ​ ​ Estimated ​ ​ Amortized ​ Fair ​ Amortized ​ Fair ​ ​ Cost ​ Value ​ Cost ​ Value Due in one year or less ​ $ 6,263 ​ $ 6,255 ​ $ 14,995 ​ $ 14,841 Due after one year through five years ​ 44,284 ​ 40,044 ​ 30,353 ​ 28,149 Due after five years through ten years ​ 34,347 ​ 29,492 ​ 21,274 ​ 18,007 Due after ten years ​ 59,920 ​ 49,083 ​ 145,673 ​ 119,477 Total ​ $ 144,814 ​ $ 124,874 ​ $ 212,295 ​ $ 180,474 ​ Expected maturities of investment securities may differ from contractual maturities because borrowers may have the right to prepay obligations with or without prepayment penalties. The gross unrealized losses and the fair value of securities available-for-sale and held to maturity aggregated by the length of time that individual securities have been in a continuous unrealized loss position were as follows at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months ​ 12 months or longer ​ Total ​ Estimated ​ ​ Estimated ​ ​ Estimated ​ ​ ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized December 31, 2024 ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for sale: ​ ​ ​ ​ ​ ​ Municipal securities ​ $ — ​ $ — ​ $ 29,365 ​ $ (6,794) ​ $ 29,365 ​ $ (6,794) Agency securities ​ — ​ — ​ 35,585 ​ (3,352) ​ 35,585 ​ (3,352) Real estate mortgage investment conduits (1) ​ — ​ — ​ 23,603 ​ (5,658) ​ 23,603 ​ (5,658) Residential mortgage-backed securities (1) ​ — ​ — ​ 10,005 ​ (751) ​ 10,005 ​ (751) Other mortgage-backed securities (2) ​ 470 ​ (3) ​ 23,729 ​ (3,399) ​ 24,199 ​ (3,402) Total available for sale ​ $ 470 ​ $ (3) ​ $ 122,287 ​ $ (19,954) ​ $ 122,757 ​ $ (19,957) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ — ​ $ — ​ $ 7,357 ​ $ (2,945) ​ $ 7,357 ​ $ (2,945) Agency securities ​ ​ — ​ ​ — ​ ​ 44,885 ​ ​ (3,368) ​ ​ 44,885 ​ ​ (3,368) Real estate mortgage investment conduits (1) ​ ​ — ​ ​ — ​ ​ 24,463 ​ ​ (4,786) ​ ​ 24,463 ​ ​ (4,786) Residential mortgage-backed securities (1) ​ ​ — ​ ​ — ​ ​ 86,628 ​ ​ (17,686) ​ ​ 86,628 ​ ​ (17,686) Other mortgage-backed securities (3) ​ ​ — ​ ​ — ​ ​ 17,141 ​ ​ (3,036) ​ ​ 17,141 ​ ​ (3,036) Total held to maturity ​ $ — ​ $ — ​ $ 180,474 ​ $ (31,821) ​ $ 180,474 ​ $ (31,821) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for sale: ​ ​ ​ ​ ​ ​ Municipal securities ​ $ — ​ $ — ​ $ 32,748 ​ $ (6,541) ​ $ 32,748 ​ $ (6,541) Agency securities ​ ​ — ​ — ​ 43,577 ​ (4,241) ​ 43,577 ​ (4,241) Real estate mortgage investment conduits (1) ​ — ​ — ​ 25,665 ​ (5,759) ​ 25,665 ​ (5,759) Residential mortgage-backed securities (1) ​ — ​ — ​ 12,073 ​ (971) ​ 12,073 ​ (971) Other mortgage-backed securities (2) ​ 534 ​ (1) ​ 25,403 ​ (3,733) ​ 25,937 ​ (3,734) Total available for sale ​ $ 534 ​ $ (1) ​ $ 139,466 ​ $ (21,245) ​ $ 140,000 ​ $ (21,246) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ — ​ $ — ​ $ 7,532 ​ $ (2,789) ​ $ 7,532 ​ $ (2,789) Agency securities ​ ​ — ​ ​ — ​ ​ 49,601 ​ ​ (4,522) ​ ​ 49,601 ​ ​ (4,522) Real estate mortgage investment conduits (1) ​ ​ — ​ ​ — ​ ​ 26,581 ​ ​ (5,171) ​ ​ 26,581 ​ ​ (5,171) Residential mortgage-backed securities (1) ​ ​ — ​ ​ — ​ ​ 94,638 ​ ​ (18,196) ​ ​ 94,638 ​ ​ (18,196) Other mortgage-backed securities (3) ​ ​ — ​ ​ — ​ ​ 17,167 ​ ​ (3,313) ​ ​ 17,167 ​ ​ (3,313) Total held to maturity ​ $ — ​ $ — ​ $ 195,519 ​ $ (33,991) ​ $ 195,519 ​ $ (33,991) ​ (1) Comprised of FHLMC, FNMA and GNMA issued securities. (2) Comprised of SBA and CRE secured securities issued by FHLMC and FNMA. (3) Comprised of FHLMC and FNMA issued securities. ​ Allowance for Credit Losses (“ACL”) on Available-for-Sale Debt Securities – For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If the Company intends to sell the security or it is more likely than not that the Company will be required to sell the security before recovering its cost basis, the entire impairment loss would be recognized in earnings. If the Company does not intend to sell the security and it is not more likely than not that the Company will be required to sell the security, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, Management considers the extent to which fair value is less than amortized costs, any changes to the rating of the security by a rating agency and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. Projected cash flows are discounted by the current effective interest rate. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. The remaining impairment related to all other factors, the difference between the present value of the cash flows expected to be collected and fair value, is recognized as a charge to accumulated other comprehensive income (loss) (“AOCI”). ACL on Held to Maturity Debt Securities – The Company had no sales and realized no gains or losses on sales of investment securities for the nine months ended December 31, 2024 and 2023. Investment securities available for sale with an amortized cost of $2.2 million and $2.6 million and an estimated fair value of $2.0 million and $2.4 million at December 31, 2024 and March 31, 2024, respectively, were pledged as collateral for government public funds held by the Bank. Investment securities held to maturity with an amortized cost of $10.5 million and $11.2 million and a fair value of $8.6 million and $9.3 million at December 31, 2024 and March 31, 2024, respectively, were pledged as collateral for government public funds held by the Bank. Investment securities held to maturity with an amortized cost of $143.4 million and $151.2 million and a fair value of $119.6 million and $126.1 million at December 31, 2024 and March 31, 2024, respectively, were pledged as collateral to the Federal Reserve Bank of San Francisco (“FRB”) pursuant to borrowing agreements.

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES FOR LOANS	9 Months Ended
	Dec. 31, 2024
LOANS AND ALLOWANCE FOR CREDIT LOSSES FOR LOANS
LOANS AND ALLOWANCE FOR CREDIT LOSSES FOR LOANS	6. LOANS AND ALLOWANCE FOR CREDIT LOSSES FOR LOANS Loans receivable are reported net of deferred loan fees and discounts, and inclusive of premiums. Deferred loan fees totaled $4.2 million and $4.7 million at December 31, 2024 and March 31, 2024, respectively. Loans receivable discounts and premiums totaled $1.2 million and $1.8 million, respectively, at December 31, 2024, compared to $1.3 million and $1.9 million, respectively, at March 31, 2024. Loans receivable, excluding loans held for sale, consisted of the following at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, March 31, ​ ​ 2024 ​ 2024 Commercial and construction ​ ​ Commercial business ​ $ 224,506 ​ $ 229,404 Commercial real estate ​ 574,496 ​ ​ 583,501 Land ​ 4,062 ​ ​ 5,693 Multi-family ​ 78,822 ​ ​ 70,771 Real estate construction ​ 49,956 ​ ​ 36,538 Total commercial and construction ​ 931,842 ​ ​ 925,907 ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ Real estate one-to-four family ​ 97,760 ​ ​ 96,366 Other installment ​ 15,507 ​ ​ 1,740 Total consumer ​ 113,267 ​ ​ 98,106 ​ ​ ​ ​ ​ ​ ​ Total loans ​ 1,045,109 ​ ​ 1,024,013 ​ ​ ​ ​ ​ ​ ​ Less: ACL for loans ​ 15,352 ​ ​ 15,364 Loans receivable, net ​ $ 1,029,757 ​ $ 1,008,649 ​ The Company considers its loan portfolio to have very little exposure to sub-prime mortgage loans since the Company has not historically engaged in this type of lending. At December 31, 2024, loans carried at $738.8 million were pledged as collateral to the FHLB of Des Moines and FRB pursuant to borrowing agreements. Substantially all the Company’s business activity is with customers located in the states of Washington and Oregon. Loans and extensions of credit outstanding at one time to one borrower are generally limited by federal regulation to 15% of the Bank’s shareholders’ equity, excluding accumulated other comprehensive income (loss). As of December 31, 2024 and March 31, 2024, the Bank had no loans to any one borrower in excess of the regulatory limit. ​ Troubled Loan Modifications (“TLM”) There were no loans modified related to borrowers experiencing financial difficulty during the three months ended December 31, 2024. There were no loans past due at December 31, 2024 that had been modified in the previous 12 months. ​ Credit quality indicators ​ Pass ​ Watch ​ Special mention ​ Substandard ​ Doubtful ​ Loss ​ The following table sets forth the Company’s loan portfolio at December 31, 2024 and March 31, 2024 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 7,714 ​ $ 20,332 ​ $ 57,278 ​ $ 79,864 ​ $ 21,697 ​ $ 25,379 ​ $ 7,536 ​ $ 219,800 Special Mention ​ 2,077 ​ — ​ — ​ ​ 613 ​ ​ 519 ​ ​ 806 ​ ​ 649 ​ ​ 4,664 Substandard ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 42 ​ ​ — ​ ​ 42 Total commercial business ​ $ 9,791 ​ $ 20,332 ​ $ 57,278 ​ $ 80,477 ​ $ 22,216 ​ $ 26,227 ​ $ 8,185 ​ $ 224,506 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 20,427 ​ $ 37,573 ​ $ 60,894 ​ $ 142,028 ​ $ 87,473 ​ $ 180,602 ​ $ — ​ $ 528,997 Special Mention ​ 4,489 ​ 3,166 ​ 3,668 ​ ​ 2,698 ​ ​ — ​ ​ 31,385 ​ ​ — ​ ​ 45,406 Substandard ​ — ​ 30 ​ — ​ ​ — ​ ​ — ​ ​ 63 ​ ​ — ​ ​ 93 Total commercial real estate ​ $ 24,916 ​ $ 40,769 ​ $ 64,562 ​ $ 144,726 ​ $ 87,473 ​ $ 212,050 ​ $ — ​ $ 574,496 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 80 ​ $ 80 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 619 ​ $ — ​ $ 2,597 ​ $ 86 ​ $ — ​ $ 479 ​ $ 281 ​ $ 4,062 Total land ​ $ 619 ​ $ — ​ $ 2,597 ​ $ 86 ​ $ — ​ $ 479 ​ $ 281 ​ $ 4,062 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 711 ​ $ 953 ​ $ 26,020 ​ $ 36,040 ​ $ 4,289 ​ $ 10,383 ​ $ — ​ $ 78,396 Special Mention ​ — ​ — ​ 184 ​ ​ — ​ ​ 18 ​ ​ 166 ​ ​ — ​ ​ 368 Substandard ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 58 ​ ​ — ​ ​ 58 Total multi-family ​ $ 711 ​ $ 953 ​ $ 26,204 ​ $ 36,040 ​ $ 4,307 ​ $ 10,607 ​ $ — ​ $ 78,822 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ ​ ​ ​ ​ 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 ​ $ 10,901 ​ $ 27,530 ​ $ 3,442 ​ $ 8,083 ​ $ — ​ $ — ​ $ — ​ $ 49,956 Total real estate construction ​ $ 10,901 ​ $ 27,530 ​ $ 3,442 ​ $ 8,083 ​ $ — ​ $ — ​ $ — ​ $ 49,956 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate one-to-four family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 10 ​ $ — ​ $ — ​ $ 59,305 ​ $ 4,072 ​ $ 17,482 ​ $ 16,859 ​ $ 97,728 Substandard ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 32 ​ ​ — ​ ​ 32 Total real estate one-to-four family ​ $ 10 ​ $ — ​ $ — ​ $ 59,305 ​ $ 4,072 ​ $ 17,514 ​ $ 16,859 ​ $ 97,760 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 11 ​ $ 11 ​ ​ ​ ​ ​ ​ ​ ​ ​ Other installment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 13,928 ​ $ 606 ​ $ 376 ​ $ 118 ​ $ 53 ​ $ 10 ​ $ 416 ​ $ 15,507 Total other installment ​ $ 13,928 ​ $ 606 ​ $ 376 ​ $ 118 ​ $ 53 ​ $ 10 ​ $ 416 ​ $ 15,507 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 26 ​ $ 26 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans receivable, gross ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 54,310 ​ $ 86,994 ​ $ 150,607 ​ $ 325,524 ​ $ 117,584 ​ $ 234,335 ​ $ 25,092 ​ $ 994,446 Special Mention ​ 6,566 ​ 3,166 ​ 3,852 ​ ​ 3,311 ​ ​ 537 ​ ​ 32,357 ​ ​ 649 ​ ​ 50,438 Substandard ​ — ​ 30 ​ — ​ ​ — ​ ​ — ​ ​ 195 ​ ​ — ​ ​ 225 Total loans receivable, gross ​ $ 60,876 ​ $ 90,190 ​ $ 154,459 ​ $ 328,835 ​ $ 118,121 ​ $ 266,887 ​ $ 25,741 ​ $ 1,045,109 Total current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 117 ​ $ 117 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ ​ Term Loans Amortized Cost Basis by Origination Fiscal Year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Loans ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior Loans ​ Receivable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 14,126 ​ $ 63,838 ​ $ 85,131 ​ $ 28,119 ​ $ 16,945 ​ $ 12,411 ​ $ 4,827 ​ $ 225,397 Special Mention ​ — ​ — ​ 733 ​ ​ — ​ ​ 486 ​ ​ 232 ​ ​ 2,498 ​ ​ 3,949 Substandard ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 58 ​ ​ — ​ ​ 58 Total commercial business ​ $ 14,126 ​ $ 63,838 ​ $ 85,864 ​ $ 28,119 ​ $ 17,431 ​ $ 12,701 ​ $ 7,325 ​ $ 229,404 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 36,116 ​ $ 66,847 ​ $ 147,015 ​ $ 89,662 ​ $ 53,424 ​ $ 158,311 ​ $ — ​ $ 551,375 Special Mention ​ — ​ 3,752 ​ 897 ​ ​ — ​ ​ — ​ ​ 26,878 ​ ​ — ​ ​ 31,527 Substandard ​ 520 ​ — ​ — ​ ​ — ​ ​ — ​ ​ 79 ​ ​ — ​ ​ 599 Total commercial real estate ​ $ 36,636 ​ $ 70,599 ​ $ 147,912 ​ $ 89,662 ​ $ 53,424 ​ $ 185,268 ​ $ — ​ $ 583,501 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 2,361 ​ $ 2,340 ​ $ 94 ​ $ — ​ $ 106 ​ $ 437 ​ $ — ​ $ 5,338 Special Mention ​ — ​ 355 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 355 Total land ​ $ 2,361 ​ $ 2,695 ​ $ 94 ​ $ — ​ $ 106 ​ $ 437 ​ $ — ​ $ 5,693 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 970 ​ $ 21,643 ​ $ 32,003 ​ $ 4,841 ​ $ 8,788 ​ $ 2,429 ​ $ — ​ $ 70,674 Special Mention ​ — ​ — ​ — ​ ​ — ​ ​ 35 ​ ​ 32 ​ ​ — ​ ​ 67 Substandard ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 30 ​ ​ — ​ ​ 30 Total multi-family ​ $ 970 ​ $ 21,643 ​ $ 32,003 ​ $ 4,841 ​ $ 8,823 ​ $ 2,491 ​ $ — ​ $ 70,771 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ Term Loans Amortized Cost Basis by Origination Fiscal Year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Loans ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior Loans ​ Receivable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 13,320 ​ $ 10,078 ​ $ 12,346 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 35,744 Special Mention ​ 794 ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 794 Total real estate construction ​ $ 14,114 ​ $ 10,078 ​ $ 12,346 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 36,538 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate one-to-four family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ — ​ $ — ​ $ 60,447 ​ $ 4,164 ​ $ 4,364 ​ $ 14,756 ​ $ 12,599 ​ $ 96,330 Substandard ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 36 ​ ​ — ​ ​ 36 Total real estate one-to-four family ​ $ — ​ $ — ​ $ 60,447 ​ $ 4,164 ​ $ 4,364 ​ $ 14,792 ​ $ 12,599 ​ $ 96,366 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Other installment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 418 ​ $ 555 ​ $ 198 ​ $ 75 ​ $ 27 ​ $ 8 ​ $ 459 ​ $ 1,740 Total other installment ​ $ 418 ​ $ 555 ​ $ 198 ​ $ 75 ​ $ 27 ​ $ 8 ​ $ 459 ​ $ 1,740 Current YTD gross charge-offs ​ $ — ​ $ 11 ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ — ​ $ 13 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans receivable, gross ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 67,311 ​ $ 165,301 ​ $ 337,234 ​ $ 126,861 ​ $ 83,654 ​ $ 188,352 ​ $ 17,885 ​ $ 986,598 Special Mention ​ 794 ​ 4,107 ​ 1,630 ​ ​ — ​ ​ 521 ​ ​ 27,142 ​ ​ 2,498 ​ ​ 36,692 Substandard ​ 520 ​ — ​ — ​ ​ — ​ ​ — ​ ​ 203 ​ ​ — ​ ​ 723 Total loans receivable, gross ​ $ 68,625 ​ $ 169,408 ​ $ 338,864 ​ $ 126,861 ​ $ 84,175 ​ $ 215,697 ​ $ 20,383 ​ $ 1,024,013 Total current YTD gross charge-offs ​ $ — ​ $ 11 ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ — ​ $ 13 ​ ACL on Loans ​ ​ When available information confirms that specific loans or portions thereof are uncollectible, identified amounts are charged against the allowance for credit losses. The existence of some or all of the following criteria will generally confirm that a loss has been incurred: the loan is significantly delinquent and the borrower has not demonstrated the ability or intent to bring the loan current; the Company has no recourse to the borrower, or if it does, the borrower has insufficient assets to pay the debt; and/or the estimated fair value of the loan collateral is significantly below the current loan balance, and there is little or no near-term prospect for improvement. ​ Management’s evaluation of the ACL for loans is based on ongoing, quarterly assessments of the known and inherent risks in the loan portfolio. Loss factors are based on the Company’s historical loss experience with additional consideration and adjustments made for changes in economic conditions, changes in the amount and composition of the loan portfolio, delinquency rates, changes in collateral values, seasoning of the loan portfolio, duration of the current business cycle, a detailed analysis of individually evaluated loans and other factors as deemed appropriate. These factors are evaluated on a quarterly basis. Loss rates used by the Company are affected as changes in these factors increase or decrease from quarter to quarter. In addition, regulatory agencies, as an integral part of their examination process, periodically review the Company’s ACL for loans and may require the Company to make additions to the ACL for loans based on their judgment about information available to them at the time of their examinations. ​ The following tables detail activity in the ACL for loans at or for the three and nine months ended December 31, 2024 and December 31, 2023, by loan category (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Commercial Commercial ​ ​ Multi- Real Estate ​ ​ ​ ​ ​ ​ December 31, 2024 ​ Business ​ Real Estate ​ Land ​ Family ​ Construction ​ Consumer ​ Unallocated ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 5,118 ​ $ 7,137 ​ $ 139 ​ $ 354 ​ $ 925 ​ $ 1,793 ​ $ — ​ $ 15,466 (Recapture of) provision for credit losses ​ 16 ​ ​ 162 ​ ​ (67) ​ ​ 11 ​ ​ (96) ​ ​ (26) ​ ​ — ​ ​ — Charge-offs ​ — ​ ​ (80) ​ ​ — ​ ​ — ​ ​ — ​ ​ (36) ​ ​ — ​ ​ (116) Recoveries ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ — ​ ​ 2 Ending balance ​ $ 5,134 ​ $ 7,219 ​ $ 72 ​ $ 365 ​ $ 829 ​ $ 1,733 ​ $ — ​ $ 15,352 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 5,280 ​ $ 7,391 ​ $ 106 ​ $ 367 ​ $ 636 ​ $ 1,584 ​ $ — ​ $ 15,364 Provision for (recapture of) credit losses ​ (146) ​ ​ (92) ​ ​ (34) ​ ​ (2) ​ ​ 193 ​ ​ 181 ​ ​ — ​ 100 Charge-offs ​ — ​ ​ (80) ​ ​ — ​ ​ — ​ ​ — ​ ​ (37) ​ ​ — ​ (117) Recoveries ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5 ​ ​ — ​ 5 Ending balance ​ $ 5,134 ​ $ 7,219 ​ $ 72 ​ $ 365 ​ $ 829 ​ $ 1,733 ​ $ — ​ $ 15,352 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 5,339 ​ $ 7,138 ​ $ 112 ​ $ 293 ​ $ 860 ​ $ 1,604 ​ $ — ​ $ 15,346 Provision for (recapture of) credit losses ​ (74) ​ ​ 141 ​ ​ 45 ​ ​ 41 ​ ​ (129) ​ ​ (24) ​ ​ — ​ ​ — Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (2) ​ ​ — ​ ​ (2) Recoveries ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 17 ​ ​ — ​ ​ 17 Ending balance ​ $ 5,265 ​ $ 7,279 ​ $ 157 ​ $ 334 ​ $ 731 ​ $ 1,595 ​ $ — ​ $ 15,361 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) loan losses ​ 258 ​ ​ (121) ​ ​ 24 ​ ​ 28 ​ ​ (164) ​ ​ (25) ​ ​ — ​ — Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (13) ​ ​ — ​ (13) Recoveries ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 23 ​ ​ — ​ 23 Ending balance ​ $ 5,265 ​ $ 7,279 ​ $ 157 ​ $ 334 ​ $ 731 ​ $ 1,595 ​ $ — ​ $ 15,361 ​ ​ Non-accrual loans ​ The following tables present an analysis of loans by aging category at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ Past ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ ​ Due and ​ ​ ​ ​ Total ​ ​ 30-89 Days ​ Greater ​ ​ ​ ​ Non- ​ ​ ​ ​ Loans December 31, 2024 ​ Past Due ​ Past Due ​ Non-accrual ​ accrual ​ Current ​ Receivable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business ​ $ 2,455 ​ $ 301 ​ $ 43 ​ $ 2,799 ​ $ 221,707 ​ $ 224,506 Commercial real estate ​ — ​ — ​ 93 ​ ​ 93 ​ ​ 574,403 ​ ​ 574,496 Land ​ — ​ — ​ — ​ ​ — ​ ​ 4,062 ​ ​ 4,062 Multi-family ​ — ​ — ​ — ​ ​ — ​ ​ 78,822 ​ ​ 78,822 Real estate construction ​ 2,122 ​ — ​ — ​ ​ 2,122 ​ ​ 47,834 ​ ​ 49,956 Consumer ​ 981 ​ — ​ 32 ​ ​ 1,013 ​ ​ 112,254 ​ ​ 113,267 Total ​ $ 5,558 ​ $ 301 ​ $ 168 ​ $ 6,027 ​ $ 1,039,082 ​ $ 1,045,109 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business ​ $ 1,778 ​ $ 5 ​ $ 58 ​ $ 1,841 ​ $ 227,563 ​ $ 229,404 Commercial real estate ​ — ​ — ​ 79 ​ ​ 79 ​ ​ 583,422 ​ ​ 583,501 Land ​ — ​ — ​ — ​ ​ — ​ ​ 5,693 ​ ​ 5,693 Multi-family ​ — ​ — ​ — ​ ​ — ​ ​ 70,771 ​ ​ 70,771 Real estate construction ​ — ​ — ​ — ​ ​ — ​ ​ 36,538 ​ ​ 36,538 Consumer ​ 1 ​ — ​ 36 ​ ​ 37 ​ ​ 98,069 ​ ​ 98,106 Total ​ $ 1,779 ​ $ 5 ​ $ 173 ​ $ 1,957 ​ $ 1,022,056 ​ $ 1,024,013 ​ The increase in the 30-89 days past due loans was primarily related to one commercial construction loan which is in the process of being renewed and one consumer loan which is progressing through the probate process. ​ At December 31, 2024, the Company had $105,000 of non-accrual loans with no ACL and $63,000 of non-accrual loans with an ACL of $1,000. The amortized cost of collateral dependent loans as of December 31, 2024, were $42,000 and $63,000 for commercial business and commercial real estate, respectively. ​ ​

GOODWILL

GOODWILL	9 Months Ended
	Dec. 31, 2024
GOODWILL
GOODWILL	​ ​ 7. GOODWILL Goodwill and certain other intangibles generally arise from business combinations accounted for under the purchase method of accounting. Goodwill and other intangibles deemed to have indefinite lives generated from business combinations are not subject to amortization and are instead tested for impairment not less than annually. The Company has two reporting units, the Bank and the Trust Company, for purposes of evaluating goodwill for impairment. All the Company’s goodwill has been allocated to the Bank reporting unit. The Company performed an impairment assessment as of October 31, 2024 and determined that no impairment of goodwill exists. The goodwill impairment test involves a two-step process. The first step is a comparison of the reporting unit’s fair value to its carrying value. If the reporting unit’s fair value is less than its carrying value, the Company would be required to progress to the second step. In the second step, the Company calculates the implied fair value of goodwill and compares the implied fair value of goodwill to the carrying amount of goodwill in the Company’s consolidated balance sheet. If the carrying amount of the goodwill is greater than the implied fair value of that goodwill, an impairment loss must be recognized in an amount equal to that excess. The implied fair value of goodwill is determined in the same manner as goodwill recognized in a business combination. The results of the Company’s step one test indicated that the reporting unit’s fair value was greater than its carrying value, and, therefore, a step two analysis was not required; however, no assurance can be given that the Company’s goodwill will not be written down in future periods. The Company completed a qualitative assessment of goodwill as of December 31, 2024, and concluded that it is more likely than not that the fair value of the Bank (the reporting unit), exceeds its carrying value at that date.

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	9 Months Ended
	Dec. 31, 2024
FEDERAL HOME LOAN BANK ADVANCES
FEDERAL HOME LOAN BANK ADVANCES	8. FEDERAL HOME LOAN BANK ADVANCES FHLB advances are summarized at the dates indicated (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 March 31, 2024 FHLB advances ​ $ 84,200 ​ $ 88,304 ​ Weighted average interest rate on FHLB advances (1) ​ 5.32 % 5.40 % ​ (1) Computed based on the borrowing activity for the nine months ended December 31, 2024 and the fiscal year ended March 31, 2024, respectively. ​ The Bank has a credit line with the FHLB equal to 45% of total assets, limited by available collateral. At December 31, 2024, based on collateral values, the Bank had additional borrowing capacity of $164.4 million from the FHLB. FHLB advances are collateralized with loans secured by real estate. At December 31, 2024, loans carried at $455.4 million were pledged as collateral to the FHLB.

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES	9 Months Ended
	Dec. 31, 2024
JUNIOR SUBORDINATED DEBENTURES
JUNIOR SUBORDINATED DEBENTURES	9. JUNIOR SUBORDINATED DEBENTURES The Company has wholly-owned subsidiary grantor trusts that were established for the purpose of issuing trust preferred securities and common securities. The trust preferred securities accrue and pay distributions periodically at specified annual rates as provided in each trust agreement. The trusts used the net proceeds from each of the offerings to purchase a like amount of junior subordinated debentures (the “Debentures”) of the Company. The Debentures are the sole assets of the trusts. The Company’s obligations under the Debentures and related documents, taken together, constitute a full and unconditional guarantee by the Company of the obligations of the trusts. The trust preferred securities are mandatorily redeemable upon maturity of the Debentures or upon earlier redemption as provided in the indentures. The Company has the right to redeem the Debentures in whole or in part on or after specific dates, at a redemption price specified in the indentures governing the Debentures plus any accrued but unpaid interest to the redemption date. The Company also has the right to defer the payment of interest on each of the Debentures for a period not to exceed 20 consecutive quarters, provided that the deferral period does not extend beyond the stated maturity. During such deferral period, distributions on the corresponding trust preferred securities will also be deferred and the Company may not pay cash dividends to the holders of shares of the Company’s common stock. ​ ​ The Debentures issued by the Company to the grantor trusts, which totaled $27.1 million and $27.0 million at December 31, 2024 and March 31, 2024, respectively, are reported as “junior subordinated debentures” in the consolidated balance sheets. The common securities issued by the grantor trusts were purchased by the Company, and the Company’s investment in the common securities of $836,000 at both December 31, 2024 and March 31, 2024, is included in prepaid expenses and other assets in the consolidated balance sheets. The Company records interest expense on the Debentures in the consolidated statements of income. The following table is a summary of the terms and the amounts outstanding of the Debentures at December 31, 2024 (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Issuance Trust Issuance Date Amount Outstanding Rate Type Initial Rate Current Rate Maturity Date ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Riverview Bancorp Statutory Trust I 12/2005 ​ $ 7,217 Variable (1) 5.88 % 5.98 % 3/2036 Riverview Bancorp Statutory Trust II 06/2007 ​ 15,464 Variable (2) 7.03 % 5.97 % 9/2037 Merchants Bancorp Statutory Trust I (4) 06/2003 ​ 5,155 Variable (3) 4.16 % 7.69 % 6/2033 ​ ​ ​ ​ 27,836 ​ ​ ​ ​ ​ ​ ​ ​ Fair value adjustment (4) ​ ​ ​ (767) Total Debentures ​ ​ ​ $ 27,069 ​ (1) The trust preferred securities reprice quarterly based on the three-month Chicago Mercantile Exchange (“CME”) Term SOFR plus 1.36% . (2) The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 1.35% . (3) The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 3.10% . (4) Amount, net of accretion, attributable to a prior year’s business combination .

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Dec. 31, 2024
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	10. FAIR VALUE MEASUREMENTS Fair value is defined under GAAP as the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. GAAP requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. GAAP also establishes a fair value hierarchy which prioritizes the valuation inputs into three broad levels. Based on the underlying inputs, each fair value measurement in its entirety is reported in one of three levels. These levels are: Quoted prices in active markets for identical assets (Level 1) Other observable inputs (Level 2) Significant unobservable inputs (Level 3) Financial instruments are presented in the tables that follow by recurring or nonrecurring measurement status. Recurring assets are initially measured at fair value and are required to be remeasured at fair value in the consolidated financial statements at each reporting date. Assets measured on a nonrecurring basis are assets that, as a result of an event or circumstance, were required to be remeasured at fair value after initial recognition in the consolidated financial statements at some time during the reporting period. The following tables present assets that are measured at estimated fair value on a recurring basis at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Estimated ​ Estimated Fair Value Measurements Using December 31, 2024 Fair Value Level 1 Level 2 Level 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities available for sale: ​ ​ ​ ​ Municipal securities ​ $ 30,536 ​ $ — ​ $ 30,536 ​ $ — Agency securities ​ 35,585 ​ — ​ 35,585 ​ — Real estate mortgage investment conduits ​ 23,603 ​ — ​ 23,603 ​ — Residential mortgage-backed securities ​ 10,683 ​ — ​ 10,683 ​ — Other mortgage-backed securities ​ 24,467 ​ — ​ 24,467 ​ — Total assets measured at fair value on a recurring basis ​ $ 124,874 ​ $ — ​ $ 124,874 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Estimated Estimated Fair Value Measurements Using March 31, 2024 Fair Value Level 1 Level 2 Level 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities available for sale: ​ ​ ​ ​ Municipal securities ​ $ 35,136 ​ $ — ​ $ 35,136 ​ $ — Agency securities ​ 43,577 ​ — ​ 43,577 ​ — Real estate mortgage investment conduits ​ 25,665 ​ — ​ 25,665 ​ — Residential mortgage-backed securities ​ 12,551 ​ — ​ 12,551 ​ — Other mortgage-backed securities ​ 26,267 ​ — ​ 26,267 ​ — Total assets measured at fair value on a recurring basis ​ $ 143,196 ​ $ — ​ $ 143,196 ​ $ — ​ There were no transfers of assets into or out of Levels 1, 2 or 3 for both the nine months ended December 31, 2024 and the year ended March 31, 2024. The following methods were used to estimate the fair value of financial instruments above: Investment securities are included within Level 1 of the hierarchy when quoted prices in an active market for identical assets are available. The Company uses a third-party pricing service to assist the Company in determining the fair value of its Level 2 securities, which incorporates pricing models and/or quoted prices of investment securities with similar characteristics. Investment securities are included within Level 3 of the hierarchy when there are significant unobservable inputs. For Level 2 securities, the independent pricing service provides pricing information by utilizing evaluated pricing models supported with market data information. Standard inputs include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data from market research publications. The Company’s third-party pricing service has established processes for the Company to submit inquiries regarding the estimated fair value. In such cases, the Company’s third-party pricing service will review the inputs to the evaluation in light of any new market data presented by the Company. The Company’s third-party pricing service may then affirm the original estimated fair value or may update the evaluation on a go-forward basis. Management reviews the pricing information received from the third-party pricing service through a combination of procedures that include an evaluation of methodologies used by the pricing service, analytical reviews and performance analysis of the prices against statistics and trends. Based on this review, management determines whether the current placement of the security in the fair value hierarchy is appropriate or whether transfers may be warranted. As necessary, management compares prices received from the pricing service to discounted cash flow models or by performing independent valuations of inputs and assumptions similar to those used by the pricing service in order to help ensure prices represent a reasonable estimate of fair value. There were no assets measured at estimated fair value on a nonrecurring basis at either December 31, 2024 or March 31, 2024. The following disclosure of the estimated fair value of financial instruments is made in accordance with GAAP. The Company, using available market information and appropriate valuation methodologies, has determined the estimated fair value amounts. However, considerable judgment is necessary to interpret market data in the development of the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in the future. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. The carrying amount and estimated fair value of financial instruments is as follows at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated December 31, 2024 ​ Amount Level 1 ​ Level 2 ​ Level 3 Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 25,348 ​ $ 25,348 ​ $ — ​ $ — ​ $ 25,348 Investment securities available for sale ​ 124,874 ​ — ​ 124,874 ​ — ​ 124,874 Investment securities held to maturity ​ 212,295 ​ — ​ 180,474 ​ — ​ 180,474 Loans receivable, net ​ 1,029,757 ​ — ​ — ​ 928,326 ​ 928,326 FHLB stock ​ 4,742 ​ — ​ 4,742 ​ — ​ 4,742 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 242,095 ​ — ​ 240,968 ​ — ​ 240,968 FHLB advances ​ 84,200 ​ — ​ 84,006 ​ — ​ 84,006 Junior subordinated debentures ​ 27,069 ​ — ​ — ​ 19,952 ​ 19,952 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated March 31, 2024 ​ Amount ​ Level 1 ​ Level 2 ​ Level 3 ​ Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 23,642 ​ $ 23,642 ​ $ — ​ $ — ​ $ 23,642 Investment securities available for sale ​ 143,196 ​ — ​ 143,196 ​ — ​ 143,196 Investment securities held to maturity ​ 229,510 ​ — ​ 195,519 ​ — ​ 195,519 Loans receivable, net ​ 1,008,649 ​ — ​ — ​ 909,254 ​ 909,254 FHLB stock ​ 4,927 ​ — ​ 4,927 ​ — ​ 4,927 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 190,972 ​ — ​ 188,972 ​ — ​ 188,972 FHLB advances ​ 88,304 ​ — ​ 88,101 ​ — ​ 88,101 Junior subordinated debentures ​ 27,004 ​ — ​ — ​ 19,327 ​ 19,327 ​ Fair value estimates were based on existing financial instruments without attempting to estimate the value of anticipated future business. The fair value was not estimated for assets and liabilities that were not considered financial instruments.

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Dec. 31, 2024
NEW ACCOUNTING PRONOUNCEMENTS
NEW ACCOUNTING PRONOUNCEMENTS	11. NEW ACCOUNTING PRONOUNCEMENTS In December 2023, the Financial Accounting Standards Board (“FASB”) issued guidance within Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures Those amendments require disclosure of the following information about income taxes paid on an annual basis: ● Income taxes paid (net of refunds received), disaggregated by federal and state taxes and by individual jurisdictions in which income taxes paid (net of refunds received) is equal to or greater than five percent of total income taxes paid (net of refunds received). ● Income tax expense (or benefit) from continuing operations disaggregated by federal and state jurisdictions. The ASU is effective for annual periods beginning after December 15, 2024. The amendments should be applied on a prospective basis. The Company expects this ASU to only impact its disclosure requirements and does not expect the adoption of this ASU to have a material impact on its business operations or financial condition. ​ In November 2024, the FASB issued ASU 2024-03, Income Statement (Subtopic 220-40): Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures ​ In January 2025, the FASB issued ASU 2025-01, Income Statement (Subtopic 220-40): Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures: Clarifying the Effective Date ​

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Dec. 31, 2024
REVENUE FROM CONTRACTS WITH CUSTOMERS
REVENUE FROM CONTRACTS WITH CUSTOMERS	12. REVENUE FROM CONTRACTS WITH CUSTOMERS In accordance with ASC Topic 606 “Revenues from Contracts with Customers” (“ASC 606”), revenues are recognized when goods or services are transferred to the customer in exchange for the consideration the Company expects to be entitled to receive. The largest portion of the Company’s revenue is from interest income, which is not within the scope of ASC 606. All of the Company’s revenue from contracts with customers within the scope of ASC 606 is recognized in non-interest income except for gains on sales of REO and premises and equipment, which are included in non-interest expense. If a contract is determined to be within the scope of ASC 606, the Company recognizes revenue as it satisfies a performance obligation. Payments from customers are generally collected at the time services are rendered, monthly, or quarterly. For contracts with customers within the scope of ASC 606, revenue is either earned at a point in time or revenue is earned over time. Examples of revenue earned at a point in time are automated teller machine (“ATM”) transaction fees, wire transfer fees, overdraft fees and interchange fees. Revenue earned at a point in time is primarily based on the number and type of transactions that are generally derived from transactional information accumulated by the Company’s systems and is recognized immediately as the transactions occur or upon providing the service to complete the customer’s transaction. The Company is generally the principal in these contracts, except for interchange fees, in which case the Company is acting as the agent and records revenue net of expenses paid to the principal. Examples of revenue earned over time, which generally occur monthly, are deposit account maintenance fees, investment advisory fees, merchant revenue, trust and investment management fees and safe deposit box fees. Revenue is generally derived from transactional information accumulated by the Company’s systems or those of third-parties and is recognized as the related transactions occur or services are rendered to the customer. For the nine months ended December 31, 2024 and 2023, substantially all of the Company’s revenues within the scope of ASC 606 are for performance obligations satisfied at a point in time. Disaggregation of Revenue The following table includes the Company’s non-interest income, net disaggregated by type of service for the periods shown (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ December 31, ​ December 31, ​ 2024 2023 2024 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset management fees ​ $ 1,443 ​ $ 1,266 ​ $ 4,434 ​ $ 3,920 Debit card and ATM fees ​ 764 ​ 808 ​ 2,386 ​ 2,500 Deposit related fees ​ 484 ​ 465 ​ 1,394 ​ 1,374 Loan related fees ​ 101 ​ 99 ​ 276 ​ 471 Income from BOLI (1) ​ 225 ​ 211 ​ 715 ​ 669 FHLMC loan servicing fees (1) ​ 18 ​ 21 ​ 57 ​ 64 Other, net ​ 306 ​ 186 ​ 1,287 ​ 750 Total non-interest income, net ​ $ 3,341 ​ $ 3,056 ​ $ 10,549 ​ $ 9,748 ​ (1) Not within scope of ASC 606 Revenues recognized within scope of ASC 606 Asset management fees Debit card and ATM fees Deposit related fees Loan related fees Other Contract Balances As of December 31, 2024, the Company had no significant contract liabilities where the Company had an obligation to transfer goods or services for which the Company had already received consideration. In addition, the Company had no material unsatisfied performance obligations as of December 31, 2024 and 2023. ​

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Dec. 31, 2024
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	13. COMMITMENTS AND CONTINGENCIES Off-balance sheet arrangements Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third-party. These guarantees are primarily used to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Collateral held varies and is required in instances where the Company deems it necessary. Significant off-balance sheet commitments at December 31, 2024 are listed below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contract or Notional ​ ​ Amount ​ ​ December 31, ​ 2024 Commitments to extend credit: ​ Adjustable-rate ​ $ 3,000 Fixed-rate ​ — Standby letters of credit ​ 1,600 Undisbursed loan funds and unused lines of credit ​ 101,996 Total ​ $ 106,596 ​ Other contractual obligations – The Bank is a public depository and, accordingly, accepts deposit and other public funds belonging to, or held for the benefit of, Washington and Oregon states, political subdivisions thereof, and municipal corporations. In accordance with applicable state law, in the event of default of a participating bank, all other participating banks in the state collectively assure that no loss of funds are suffered by any public depositor. Generally, in the event of default by a public depository, the assessment attributable to all public depositories is allocated on a pro rata basis in proportion to the maximum liability of each depository as it existed on the date of loss. The Company did not incur any losses related to public depository funds for the nine months ended December 31, 2024 and 2023. The Bank has entered into employment contracts with certain key employees, which provide for contingent payments subject to future events. ​ ​ ​ ​ Litigation The Company was involved in litigation with a former business client concerning real estate investments offered by a business owned by that client. In May 2023, the parties participated in mediation, after which a stay of proceedings was issued to facilitate continued settlement discussions. As of March 31, 2024, based on available information, including the likelihood of a proposed global settlement, management determined that a loss was probable and could be reasonably estimated. Consequently, the Company recorded a $2.3 million expense in other non-interest expense for the three months ended March 31, 2024. This amount reflected the Company’s estimate of litigation costs exceeding its insurance coverage. The settlement was subsequently approved by all relevant courts in July 2024 and the final settlement payment of $2.3 million was made in August 2024, fully releasing the Company from all claims related to the litigation. Since the final settlement payment, the Company received approximately $669,000 in legal expense recovery related to the settled litigation matter of which approximately $583,000 was recorded in non-interest income and $86,000 was recorded as a recovery of legal expenses through the line item of professional fees in non-interest expense.

LEASES

LEASES	9 Months Ended
	Dec. 31, 2024
LEASES
LEASES	14. LEASES The Company has a finance lease for the shell of the building constructed as the Company’s operations center which expires in November 2039. The Company is also obligated under various noncancelable operating lease agreements for land, buildings and equipment that require future minimum rental payments. For each operating lease with an initial term of more than 12 months, the Company records an operating lease right-of-use (“ROU”) asset (representing the right to use the underlying asset for the lease term) and an operating lease liability (representing the obligation to make lease payments required under the terms of the lease). Operating lease ROU assets and operating lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The Company uses its estimated incremental borrowing rate – derived from information available at the lease commencement date – as the discount rate when determining the present value of lease payments. The Company does not have any operating leases with an initial term of 12 months or less. Certain operating leases contain various provisions for increases in rental rates, based either on changes in the published Consumer Price Index or a predetermined escalation schedule. Certain operating leases provide the Company with the option to extend the lease term one or more times following expiration of the initial term. Lease extensions are not reasonably certain and the Company generally does not include payments occurring during option periods in the calculation of its operating lease ROU assets and operating lease liabilities. The table below presents the ROU assets and lease liabilities recorded in the consolidated balance sheets at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ March 31, Classification in the Leases 2024 2024 consolidated balance sheets Finance lease ROU assets ​ $ 1,144 $ 1,202 Financing lease ROU assets Finance lease liability ​ $ 2,117 $ 2,168 Finance lease liability Finance lease remaining lease term ​ 14.92 years 15.68 years ​ Finance lease discount rate ​ 7.16 % 7.16 % ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease ROU assets ​ $ 4,508 $ 5,479 Prepaid expenses and other assets Operating lease liabilities ​ $ 4,746 $ 5,780 Accrued expenses and other liabilities Operating lease weighted-average remaining lease term ​ 4.86 years 5.34 years ​ Operating lease weighted-average discount rate ​ 1.68 % 1.74 % ​ The table below presents certain information related to the lease costs for financing and operating leases, which are recorded in occupancy and depreciation in the accompanying consolidated statements of income at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Three months ended Lease Costs December 31, 2024 December 31, 2023 Finance lease amortization of ROU asset ​ $ 19 ​ $ 20 Finance lease interest on lease liability ​ 38 ​ 39 Operating lease costs ​ 283 ​ 283 Variable lease costs ​ — ​ 53 Total lease cost (1) ​ $ 340 ​ $ 395 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended ​ Nine months ended Lease Costs December 31, 2024 December 31, 2023 Finance lease amortization of ROU asset ​ $ 58 ​ $ 58 Finance lease interest on lease liability ​ 115 ​ 119 Operating lease costs ​ 849 ​ 849 Variable lease costs ​ 105 ​ 157 Total lease cost (1) ​ $ 1,127 ​ $ 1,183 ​ (1) Income related to sub-lease activity is not significant and not presented herein. ​ Supplemental cash flow information - The following table reconciles the undiscounted cash flows for the periods presented related to the Company’s lease liabilities as of December 31, 2024 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Fiscal Year Ending March 31: Operating Finance ​ ​ Leases ​ Lease Remainder of 2025 ​ $ 294 ​ $ 57 2026 ​ 1,125 ​ 226 2027 ​ 1,116 ​ 230 2028 ​ 899 ​ 232 2029 ​ 684 ​ 232 Thereafter ​ 947 ​ 2,479 Total minimum lease payments ​ 5,065 ​ 3,456 Less: amount of lease payments representing interest ​ (319) ​ (1,339) Lease liabilities ​ $ 4,746 ​ $ 2,117 ​

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,232	$ 1,452	$ 3,755	$ 6,767

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Dec. 31, 2024
BASIS OF PRESENTATION
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Quarterly Reports on Form 10-Q and, therefore, do not include all disclosures necessary for a complete presentation of financial condition, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America (“generally accepted accounting principles” or “GAAP”). However, all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim unaudited consolidated financial statements have been included. All such adjustments are of a normal recurring nature. ​ The accompanying unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Riverview Bancorp, Inc. Annual Report on Form 10-K for the year ended March 31, 2024 (“2024 Form 10-K”). The unaudited consolidated results of operations for the nine months ended December 31, 2024 are not necessarily indicative of the results which may be expected for the entire fiscal year ending March 31, 2025. ​ The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. ​ Certain prior period amounts have been reclassified to conform to the current period presentation; such reclassifications had no effect on previously reported net income or total shareholders’ equity.
Principles of Consolidation	The accompanying consolidated financial statements include the accounts of Riverview Bancorp, Inc.; its wholly-owned subsidiary, Riverview Bank (the “Bank”); and the Bank’s wholly-owned subsidiaries, Riverview Services, Inc. and Riverview Trust Company (the “Trust Company”) (collectively referred to as the “Company”). All inter-company transactions and balances have been eliminated in consolidation. ​

STOCK PLANS AND STOCK-BASED C_2

STOCK PLANS AND STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Dec. 31, 2024
STOCK PLANS AND STOCK-BASED COMPENSATION
Schedule of activity related to stock options under the Stock Option Plans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended December 31, ​ ​ 2023 ​ ​ Weighted ​ ​ ​ ​ Average ​ ​ ​ Number of ​ Exercise ​ ​ Shares Price Balance, beginning of period 14,310 ​ $ 2.78 Options exercised (12,799) ​ 2.78 Options expired (1,511) ​ 2.78 Balance, end of period — ​ $ —
Schedule of unvested restricted stock activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time Based Performance Based Total ​ ​ Number ​ Weighted ​ Number ​ Weighted ​ Number ​ Weighted ​ ​ of ​ Average ​ of ​ Average ​ of ​ Average ​ ​ Unvested ​ Grant Date ​ Unvested ​ Grant Date ​ Unvested ​ Grant Date Nine Months Ended December 31, 2024 Shares Fair Value Shares Fair Value Shares Fair Value Balance, beginning of period 15,779 ​ $ 5.72 63,397 ​ $ 5.68 79,176 ​ $ 5.69 Granted 147,462 ​ 5.76 90,401 ​ 5.76 237,863 ​ 5.76 Forfeited — ​ — (14,075) ​ 5.21 (14,075) ​ 5.21 Vested (7,281) ​ 6.08 (16,393) ​ 6.73 (23,674) ​ 6.53 Balance, end of period 155,960 ​ $ 5.74 123,330 ​ $ 5.65 279,290 ​ $ 5.70 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time Based Performance Based Total ​ ​ Number ​ Weighted ​ Number ​ Weighted ​ Number ​ Weighted ​ ​ of ​ Average ​ of ​ Average ​ of ​ Average ​ ​ Unvested ​ Grant Date ​ Unvested ​ Grant Date ​ Unvested ​ Grant Date Nine Months Ended December 31, 2023 Shares Fair Value Shares Fair Value Shares Fair Value Balance, beginning of period 29,977 ​ $ 6.14 132,645 ​ $ 6.05 162,622 ​ $ 6.07 Granted 19,926 ​ 5.21 84,040 ​ 5.21 103,966 ​ 5.21 Forfeited (19,006) ​ 5.81 (99,514) ​ 5.94 (118,520) ​ 5.92 Vested (15,118) ​ 5.77 (53,774) ​ 5.38 (68,892) ​ 5.47 Balance, end of period 15,779 ​ $ 5.72 63,397 ​ $ 5.68 79,176 ​ $ 5.69 ​

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Dec. 31, 2024
EARNINGS PER SHARE
Schedule of basic and diluted earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended December 31, Nine Months Ended December 31, ​ 2024 2023 2024 2023 (Dollars and share data in thousands, except per share data) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic EPS computation: ​ ​ ​ ​ Numerator-net income ​ $ 1,232 ​ $ 1,452 ​ $ 3,755 ​ $ 6,767 Denominator-weighted average common shares outstanding ​ 21,037 ​ 21,113 ​ 21,082 ​ 21,147 Basic EPS ​ $ 0.06 ​ $ 0.07 ​ $ 0.18 ​ $ 0.32 Diluted EPS computation: ​ ​ ​ ​ Numerator-net income ​ $ 1,232 ​ $ 1,452 ​ $ 3,755 ​ $ 6,767 Denominator-weighted average common shares outstanding ​ 21,037 ​ 21,113 ​ 21,082 ​ 21,147 Effect of dilutive stock options ​ — ​ — ​ — ​ 2 Weighted average common shares and common stock equivalents ​ 21,037 ​ 21,113 ​ 21,082 ​ 21,149 Diluted EPS ​ $ 0.06 ​ $ 0.07 ​ $ 0.18 ​ $ 0.32 ​

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Dec. 31, 2024
INVESTMENT SECURITIES
Schedule of amortized cost and approximate fair value of investment securities	The amortized cost and approximate fair value of investment securities consisted of the following at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross Estimated ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ ​ Cost ​ Gains ​ Losses ​ Value December 31, 2024 ​ ​ ​ ​ Available for sale: ​ ​ ​ ​ ​ Municipal securities ​ $ 37,329 ​ $ 1 ​ $ (6,794) ​ $ 30,536 Agency securities ​ 38,937 ​ ​ — ​ ​ (3,352) ​ ​ 35,585 Real estate mortgage investment conduits (1) ​ 29,261 ​ ​ — ​ ​ (5,658) ​ ​ 23,603 Residential mortgage-backed securities (1) ​ 11,422 ​ ​ 12 ​ ​ (751) ​ ​ 10,683 Other mortgage-backed securities (2) ​ 27,865 ​ ​ 4 ​ ​ (3,402) ​ ​ 24,467 Total available for sale ​ $ 144,814 ​ $ 17 ​ $ (19,957) ​ $ 124,874 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ 10,302 ​ $ — ​ $ (2,945) ​ $ 7,357 Agency securities ​ ​ 48,253 ​ ​ — ​ ​ (3,368) ​ ​ 44,885 Real estate mortgage investment conduits (1) ​ ​ 29,249 ​ ​ — ​ ​ (4,786) ​ ​ 24,463 Residential mortgage-backed securities (1) ​ ​ 104,314 ​ ​ — ​ ​ (17,686) ​ ​ 86,628 Other mortgage-backed securities (3) ​ ​ 20,177 ​ ​ — ​ ​ (3,036) ​ ​ 17,141 Total held to maturity ​ $ 212,295 ​ $ — ​ $ (31,821) ​ $ 180,474 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ Cost ​ Gains ​ Losses ​ Fair Value March 31, 2024 ​ ​ ​ ​ Available for sale: ​ ​ ​ ​ Municipal securities ​ $ 41,657 ​ $ 20 ​ $ (6,541) ​ $ 35,136 Agency securities ​ 47,818 ​ ​ — ​ ​ (4,241) ​ ​ 43,577 Real estate mortgage investment conduits (1) ​ 31,424 ​ ​ — ​ ​ (5,759) ​ ​ 25,665 Residential mortgage-backed securities (1) ​ 13,519 ​ ​ 3 ​ ​ (971) ​ ​ 12,551 Other mortgage-backed securities (2) ​ 29,998 ​ ​ 3 ​ ​ (3,734) ​ ​ 26,267 Total available for sale ​ $ 164,416 ​ $ 26 ​ $ (21,246) ​ $ 143,196 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ 10,321 ​ $ — ​ $ (2,789) ​ $ 7,532 Agency securities ​ ​ 54,123 ​ ​ — ​ ​ (4,522) ​ ​ 49,601 Real estate mortgage investment conduits (1) ​ ​ 31,752 ​ ​ — ​ ​ (5,171) ​ ​ 26,581 Residential mortgage-backed securities (1) ​ ​ 112,834 ​ ​ — ​ ​ (18,196) ​ ​ 94,638 Other mortgage-backed securities (3) ​ ​ 20,480 ​ ​ — ​ ​ (3,313) ​ ​ 17,167 Total held to maturity ​ $ 229,510 ​ $ — ​ $ (33,991) ​ $ 195,519 ​ (1) Comprised of Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”) and Ginnie Mae (“GNMA”) issued securities. (2) Comprised of U.S. Small Business Administration (“SBA”) issued securities and commercial real estate (“CRE”) secured securities issued by FNMA and FHLMC. (3) Comprised of FHLMC and FNMA issued securities.
Schedule of contractual maturities of investment securities	The contractual maturities of investment securities as of December 31, 2024 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ Held to Maturity ​ ​ ​ Estimated ​ ​ Estimated ​ ​ Amortized ​ Fair ​ Amortized ​ Fair ​ ​ Cost ​ Value ​ Cost ​ Value Due in one year or less ​ $ 6,263 ​ $ 6,255 ​ $ 14,995 ​ $ 14,841 Due after one year through five years ​ 44,284 ​ 40,044 ​ 30,353 ​ 28,149 Due after five years through ten years ​ 34,347 ​ 29,492 ​ 21,274 ​ 18,007 Due after ten years ​ 59,920 ​ 49,083 ​ 145,673 ​ 119,477 Total ​ $ 144,814 ​ $ 124,874 ​ $ 212,295 ​ $ 180,474
Schedule of fair value for securities available-for-sale and held to maturity and unrealized losses	The gross unrealized losses and the fair value of securities available-for-sale and held to maturity aggregated by the length of time that individual securities have been in a continuous unrealized loss position were as follows at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months ​ 12 months or longer ​ Total ​ Estimated ​ ​ Estimated ​ ​ Estimated ​ ​ ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized December 31, 2024 ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for sale: ​ ​ ​ ​ ​ ​ Municipal securities ​ $ — ​ $ — ​ $ 29,365 ​ $ (6,794) ​ $ 29,365 ​ $ (6,794) Agency securities ​ — ​ — ​ 35,585 ​ (3,352) ​ 35,585 ​ (3,352) Real estate mortgage investment conduits (1) ​ — ​ — ​ 23,603 ​ (5,658) ​ 23,603 ​ (5,658) Residential mortgage-backed securities (1) ​ — ​ — ​ 10,005 ​ (751) ​ 10,005 ​ (751) Other mortgage-backed securities (2) ​ 470 ​ (3) ​ 23,729 ​ (3,399) ​ 24,199 ​ (3,402) Total available for sale ​ $ 470 ​ $ (3) ​ $ 122,287 ​ $ (19,954) ​ $ 122,757 ​ $ (19,957) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ — ​ $ — ​ $ 7,357 ​ $ (2,945) ​ $ 7,357 ​ $ (2,945) Agency securities ​ ​ — ​ ​ — ​ ​ 44,885 ​ ​ (3,368) ​ ​ 44,885 ​ ​ (3,368) Real estate mortgage investment conduits (1) ​ ​ — ​ ​ — ​ ​ 24,463 ​ ​ (4,786) ​ ​ 24,463 ​ ​ (4,786) Residential mortgage-backed securities (1) ​ ​ — ​ ​ — ​ ​ 86,628 ​ ​ (17,686) ​ ​ 86,628 ​ ​ (17,686) Other mortgage-backed securities (3) ​ ​ — ​ ​ — ​ ​ 17,141 ​ ​ (3,036) ​ ​ 17,141 ​ ​ (3,036) Total held to maturity ​ $ — ​ $ — ​ $ 180,474 ​ $ (31,821) ​ $ 180,474 ​ $ (31,821) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for sale: ​ ​ ​ ​ ​ ​ Municipal securities ​ $ — ​ $ — ​ $ 32,748 ​ $ (6,541) ​ $ 32,748 ​ $ (6,541) Agency securities ​ ​ — ​ — ​ 43,577 ​ (4,241) ​ 43,577 ​ (4,241) Real estate mortgage investment conduits (1) ​ — ​ — ​ 25,665 ​ (5,759) ​ 25,665 ​ (5,759) Residential mortgage-backed securities (1) ​ — ​ — ​ 12,073 ​ (971) ​ 12,073 ​ (971) Other mortgage-backed securities (2) ​ 534 ​ (1) ​ 25,403 ​ (3,733) ​ 25,937 ​ (3,734) Total available for sale ​ $ 534 ​ $ (1) ​ $ 139,466 ​ $ (21,245) ​ $ 140,000 ​ $ (21,246) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Held to maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ $ — ​ $ — ​ $ 7,532 ​ $ (2,789) ​ $ 7,532 ​ $ (2,789) Agency securities ​ ​ — ​ ​ — ​ ​ 49,601 ​ ​ (4,522) ​ ​ 49,601 ​ ​ (4,522) Real estate mortgage investment conduits (1) ​ ​ — ​ ​ — ​ ​ 26,581 ​ ​ (5,171) ​ ​ 26,581 ​ ​ (5,171) Residential mortgage-backed securities (1) ​ ​ — ​ ​ — ​ ​ 94,638 ​ ​ (18,196) ​ ​ 94,638 ​ ​ (18,196) Other mortgage-backed securities (3) ​ ​ — ​ ​ — ​ ​ 17,167 ​ ​ (3,313) ​ ​ 17,167 ​ ​ (3,313) Total held to maturity ​ $ — ​ $ — ​ $ 195,519 ​ $ (33,991) ​ $ 195,519 ​ $ (33,991) ​ (1) Comprised of FHLMC, FNMA and GNMA issued securities. (2) Comprised of SBA and CRE secured securities issued by FHLMC and FNMA. (3) Comprised of FHLMC and FNMA issued securities.

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES FOR LOANS (Tables)	9 Months Ended
	Dec. 31, 2024
LOANS AND ALLOWANCE FOR CREDIT LOSSES FOR LOANS
Schedule of loans and financing receivable	Loans receivable, excluding loans held for sale, consisted of the following at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, March 31, ​ ​ 2024 ​ 2024 Commercial and construction ​ ​ Commercial business ​ $ 224,506 ​ $ 229,404 Commercial real estate ​ 574,496 ​ ​ 583,501 Land ​ 4,062 ​ ​ 5,693 Multi-family ​ 78,822 ​ ​ 70,771 Real estate construction ​ 49,956 ​ ​ 36,538 Total commercial and construction ​ 931,842 ​ ​ 925,907 ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ Real estate one-to-four family ​ 97,760 ​ ​ 96,366 Other installment ​ 15,507 ​ ​ 1,740 Total consumer ​ 113,267 ​ ​ 98,106 ​ ​ ​ ​ ​ ​ ​ Total loans ​ 1,045,109 ​ ​ 1,024,013 ​ ​ ​ ​ ​ ​ ​ Less: ACL for loans ​ 15,352 ​ ​ 15,364 Loans receivable, net ​ $ 1,029,757 ​ $ 1,008,649
Schedule of risk category of bank loans by year of origination	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 7,714 ​ $ 20,332 ​ $ 57,278 ​ $ 79,864 ​ $ 21,697 ​ $ 25,379 ​ $ 7,536 ​ $ 219,800 Special Mention ​ 2,077 ​ — ​ — ​ ​ 613 ​ ​ 519 ​ ​ 806 ​ ​ 649 ​ ​ 4,664 Substandard ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 42 ​ ​ — ​ ​ 42 Total commercial business ​ $ 9,791 ​ $ 20,332 ​ $ 57,278 ​ $ 80,477 ​ $ 22,216 ​ $ 26,227 ​ $ 8,185 ​ $ 224,506 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 20,427 ​ $ 37,573 ​ $ 60,894 ​ $ 142,028 ​ $ 87,473 ​ $ 180,602 ​ $ — ​ $ 528,997 Special Mention ​ 4,489 ​ 3,166 ​ 3,668 ​ ​ 2,698 ​ ​ — ​ ​ 31,385 ​ ​ — ​ ​ 45,406 Substandard ​ — ​ 30 ​ — ​ ​ — ​ ​ — ​ ​ 63 ​ ​ — ​ ​ 93 Total commercial real estate ​ $ 24,916 ​ $ 40,769 ​ $ 64,562 ​ $ 144,726 ​ $ 87,473 ​ $ 212,050 ​ $ — ​ $ 574,496 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 80 ​ $ 80 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 619 ​ $ — ​ $ 2,597 ​ $ 86 ​ $ — ​ $ 479 ​ $ 281 ​ $ 4,062 Total land ​ $ 619 ​ $ — ​ $ 2,597 ​ $ 86 ​ $ — ​ $ 479 ​ $ 281 ​ $ 4,062 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 711 ​ $ 953 ​ $ 26,020 ​ $ 36,040 ​ $ 4,289 ​ $ 10,383 ​ $ — ​ $ 78,396 Special Mention ​ — ​ — ​ 184 ​ ​ — ​ ​ 18 ​ ​ 166 ​ ​ — ​ ​ 368 Substandard ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 58 ​ ​ — ​ ​ 58 Total multi-family ​ $ 711 ​ $ 953 ​ $ 26,204 ​ $ 36,040 ​ $ 4,307 ​ $ 10,607 ​ $ — ​ $ 78,822 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ ​ ​ ​ ​ 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 ​ $ 10,901 ​ $ 27,530 ​ $ 3,442 ​ $ 8,083 ​ $ — ​ $ — ​ $ — ​ $ 49,956 Total real estate construction ​ $ 10,901 ​ $ 27,530 ​ $ 3,442 ​ $ 8,083 ​ $ — ​ $ — ​ $ — ​ $ 49,956 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate one-to-four family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 10 ​ $ — ​ $ — ​ $ 59,305 ​ $ 4,072 ​ $ 17,482 ​ $ 16,859 ​ $ 97,728 Substandard ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 32 ​ ​ — ​ ​ 32 Total real estate one-to-four family ​ $ 10 ​ $ — ​ $ — ​ $ 59,305 ​ $ 4,072 ​ $ 17,514 ​ $ 16,859 ​ $ 97,760 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 11 ​ $ 11 ​ ​ ​ ​ ​ ​ ​ ​ ​ Other installment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 13,928 ​ $ 606 ​ $ 376 ​ $ 118 ​ $ 53 ​ $ 10 ​ $ 416 ​ $ 15,507 Total other installment ​ $ 13,928 ​ $ 606 ​ $ 376 ​ $ 118 ​ $ 53 ​ $ 10 ​ $ 416 ​ $ 15,507 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 26 ​ $ 26 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans receivable, gross ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 54,310 ​ $ 86,994 ​ $ 150,607 ​ $ 325,524 ​ $ 117,584 ​ $ 234,335 ​ $ 25,092 ​ $ 994,446 Special Mention ​ 6,566 ​ 3,166 ​ 3,852 ​ ​ 3,311 ​ ​ 537 ​ ​ 32,357 ​ ​ 649 ​ ​ 50,438 Substandard ​ — ​ 30 ​ — ​ ​ — ​ ​ — ​ ​ 195 ​ ​ — ​ ​ 225 Total loans receivable, gross ​ $ 60,876 ​ $ 90,190 ​ $ 154,459 ​ $ 328,835 ​ $ 118,121 ​ $ 266,887 ​ $ 25,741 ​ $ 1,045,109 Total current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 117 ​ $ 117 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ ​ Term Loans Amortized Cost Basis by Origination Fiscal Year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Loans ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior Loans ​ Receivable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 14,126 ​ $ 63,838 ​ $ 85,131 ​ $ 28,119 ​ $ 16,945 ​ $ 12,411 ​ $ 4,827 ​ $ 225,397 Special Mention ​ — ​ — ​ 733 ​ ​ — ​ ​ 486 ​ ​ 232 ​ ​ 2,498 ​ ​ 3,949 Substandard ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 58 ​ ​ — ​ ​ 58 Total commercial business ​ $ 14,126 ​ $ 63,838 ​ $ 85,864 ​ $ 28,119 ​ $ 17,431 ​ $ 12,701 ​ $ 7,325 ​ $ 229,404 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 36,116 ​ $ 66,847 ​ $ 147,015 ​ $ 89,662 ​ $ 53,424 ​ $ 158,311 ​ $ — ​ $ 551,375 Special Mention ​ — ​ 3,752 ​ 897 ​ ​ — ​ ​ — ​ ​ 26,878 ​ ​ — ​ ​ 31,527 Substandard ​ 520 ​ — ​ — ​ ​ — ​ ​ — ​ ​ 79 ​ ​ — ​ ​ 599 Total commercial real estate ​ $ 36,636 ​ $ 70,599 ​ $ 147,912 ​ $ 89,662 ​ $ 53,424 ​ $ 185,268 ​ $ — ​ $ 583,501 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 2,361 ​ $ 2,340 ​ $ 94 ​ $ — ​ $ 106 ​ $ 437 ​ $ — ​ $ 5,338 Special Mention ​ — ​ 355 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 355 Total land ​ $ 2,361 ​ $ 2,695 ​ $ 94 ​ $ — ​ $ 106 ​ $ 437 ​ $ — ​ $ 5,693 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multi-family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 970 ​ $ 21,643 ​ $ 32,003 ​ $ 4,841 ​ $ 8,788 ​ $ 2,429 ​ $ — ​ $ 70,674 Special Mention ​ — ​ — ​ — ​ ​ — ​ ​ 35 ​ ​ 32 ​ ​ — ​ ​ 67 Substandard ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 30 ​ ​ — ​ ​ 30 Total multi-family ​ $ 970 ​ $ 21,643 ​ $ 32,003 ​ $ 4,841 ​ $ 8,823 ​ $ 2,491 ​ $ — ​ $ 70,771 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ Term Loans Amortized Cost Basis by Origination Fiscal Year ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Loans ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior Loans ​ Receivable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 13,320 ​ $ 10,078 ​ $ 12,346 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 35,744 Special Mention ​ 794 ​ — ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 794 Total real estate construction ​ $ 14,114 ​ $ 10,078 ​ $ 12,346 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 36,538 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate one-to-four family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ — ​ $ — ​ $ 60,447 ​ $ 4,164 ​ $ 4,364 ​ $ 14,756 ​ $ 12,599 ​ $ 96,330 Substandard ​ — ​ — ​ — ​ ​ — ​ ​ — ​ ​ 36 ​ ​ — ​ ​ 36 Total real estate one-to-four family ​ $ — ​ $ — ​ $ 60,447 ​ $ 4,164 ​ $ 4,364 ​ $ 14,792 ​ $ 12,599 ​ $ 96,366 Current YTD gross charge-offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Other installment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 418 ​ $ 555 ​ $ 198 ​ $ 75 ​ $ 27 ​ $ 8 ​ $ 459 ​ $ 1,740 Total other installment ​ $ 418 ​ $ 555 ​ $ 198 ​ $ 75 ​ $ 27 ​ $ 8 ​ $ 459 ​ $ 1,740 Current YTD gross charge-offs ​ $ — ​ $ 11 ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ — ​ $ 13 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans receivable, gross ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk rating ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 67,311 ​ $ 165,301 ​ $ 337,234 ​ $ 126,861 ​ $ 83,654 ​ $ 188,352 ​ $ 17,885 ​ $ 986,598 Special Mention ​ 794 ​ 4,107 ​ 1,630 ​ ​ — ​ ​ 521 ​ ​ 27,142 ​ ​ 2,498 ​ ​ 36,692 Substandard ​ 520 ​ — ​ — ​ ​ — ​ ​ — ​ ​ 203 ​ ​ — ​ ​ 723 Total loans receivable, gross ​ $ 68,625 ​ $ 169,408 ​ $ 338,864 ​ $ 126,861 ​ $ 84,175 ​ $ 215,697 ​ $ 20,383 ​ $ 1,024,013 Total current YTD gross charge-offs ​ $ — ​ $ 11 ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ — ​ $ 13
Schedule of reconciliation of the allowance for loan losses	The following tables detail activity in the ACL for loans at or for the three and nine months ended December 31, 2024 and December 31, 2023, by loan category (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Commercial Commercial ​ ​ Multi- Real Estate ​ ​ ​ ​ ​ ​ December 31, 2024 ​ Business ​ Real Estate ​ Land ​ Family ​ Construction ​ Consumer ​ Unallocated ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 5,118 ​ $ 7,137 ​ $ 139 ​ $ 354 ​ $ 925 ​ $ 1,793 ​ $ — ​ $ 15,466 (Recapture of) provision for credit losses ​ 16 ​ ​ 162 ​ ​ (67) ​ ​ 11 ​ ​ (96) ​ ​ (26) ​ ​ — ​ ​ — Charge-offs ​ — ​ ​ (80) ​ ​ — ​ ​ — ​ ​ — ​ ​ (36) ​ ​ — ​ ​ (116) Recoveries ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ — ​ ​ 2 Ending balance ​ $ 5,134 ​ $ 7,219 ​ $ 72 ​ $ 365 ​ $ 829 ​ $ 1,733 ​ $ — ​ $ 15,352 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 5,280 ​ $ 7,391 ​ $ 106 ​ $ 367 ​ $ 636 ​ $ 1,584 ​ $ — ​ $ 15,364 Provision for (recapture of) credit losses ​ (146) ​ ​ (92) ​ ​ (34) ​ ​ (2) ​ ​ 193 ​ ​ 181 ​ ​ — ​ 100 Charge-offs ​ — ​ ​ (80) ​ ​ — ​ ​ — ​ ​ — ​ ​ (37) ​ ​ — ​ (117) Recoveries ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5 ​ ​ — ​ 5 Ending balance ​ $ 5,134 ​ $ 7,219 ​ $ 72 ​ $ 365 ​ $ 829 ​ $ 1,733 ​ $ — ​ $ 15,352 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 5,339 ​ $ 7,138 ​ $ 112 ​ $ 293 ​ $ 860 ​ $ 1,604 ​ $ — ​ $ 15,346 Provision for (recapture of) credit losses ​ (74) ​ ​ 141 ​ ​ 45 ​ ​ 41 ​ ​ (129) ​ ​ (24) ​ ​ — ​ ​ — Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (2) ​ ​ — ​ ​ (2) Recoveries ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 17 ​ ​ — ​ ​ 17 Ending balance ​ $ 5,265 ​ $ 7,279 ​ $ 157 ​ $ 334 ​ $ 731 ​ $ 1,595 ​ $ — ​ $ 15,361 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) loan losses ​ 258 ​ ​ (121) ​ ​ 24 ​ ​ 28 ​ ​ (164) ​ ​ (25) ​ ​ — ​ — Charge-offs ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (13) ​ ​ — ​ (13) Recoveries ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 23 ​ ​ — ​ 23 Ending balance ​ $ 5,265 ​ $ 7,279 ​ $ 157 ​ $ 334 ​ $ 731 ​ $ 1,595 ​ $ — ​ $ 15,361
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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ ​ Due and ​ ​ ​ ​ Total ​ ​ 30-89 Days ​ Greater ​ ​ ​ ​ Non- ​ ​ ​ ​ Loans December 31, 2024 ​ Past Due ​ Past Due ​ Non-accrual ​ accrual ​ Current ​ Receivable ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business ​ $ 2,455 ​ $ 301 ​ $ 43 ​ $ 2,799 ​ $ 221,707 ​ $ 224,506 Commercial real estate ​ — ​ — ​ 93 ​ ​ 93 ​ ​ 574,403 ​ ​ 574,496 Land ​ — ​ — ​ — ​ ​ — ​ ​ 4,062 ​ ​ 4,062 Multi-family ​ — ​ — ​ — ​ ​ — ​ ​ 78,822 ​ ​ 78,822 Real estate construction ​ 2,122 ​ — ​ — ​ ​ 2,122 ​ ​ 47,834 ​ ​ 49,956 Consumer ​ 981 ​ — ​ 32 ​ ​ 1,013 ​ ​ 112,254 ​ ​ 113,267 Total ​ $ 5,558 ​ $ 301 ​ $ 168 ​ $ 6,027 ​ $ 1,039,082 ​ $ 1,045,109 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial business ​ $ 1,778 ​ $ 5 ​ $ 58 ​ $ 1,841 ​ $ 227,563 ​ $ 229,404 Commercial real estate ​ — ​ — ​ 79 ​ ​ 79 ​ ​ 583,422 ​ ​ 583,501 Land ​ — ​ — ​ — ​ ​ — ​ ​ 5,693 ​ ​ 5,693 Multi-family ​ — ​ — ​ — ​ ​ — ​ ​ 70,771 ​ ​ 70,771 Real estate construction ​ — ​ — ​ — ​ ​ — ​ ​ 36,538 ​ ​ 36,538 Consumer ​ 1 ​ — ​ 36 ​ ​ 37 ​ ​ 98,069 ​ ​ 98,106 Total ​ $ 1,779 ​ $ 5 ​ $ 173 ​ $ 1,957 ​ $ 1,022,056 ​ $ 1,024,013

FEDERAL HOME LOAN BANK ADVANC_2

FEDERAL HOME LOAN BANK ADVANCES (Tables)	9 Months Ended
	Dec. 31, 2024
FEDERAL HOME LOAN BANK ADVANCES
Schedule of FHLB advances	FHLB advances are summarized at the dates indicated (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2024 March 31, 2024 FHLB advances ​ $ 84,200 ​ $ 88,304 ​ Weighted average interest rate on FHLB advances (1) ​ 5.32 % 5.40 % ​ (1) Computed based on the borrowing activity for the nine months ended December 31, 2024 and the fiscal year ended March 31, 2024, respectively.

JUNIOR SUBORDINATED DEBENTURES

JUNIOR SUBORDINATED DEBENTURES (Tables)	9 Months Ended
	Dec. 31, 2024
JUNIOR SUBORDINATED DEBENTURES
Schedule of summary of the terms and amounts outstanding of the debentures	The following table is a summary of the terms and the amounts outstanding of the Debentures at December 31, 2024 (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Issuance Trust Issuance Date Amount Outstanding Rate Type Initial Rate Current Rate Maturity Date ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Riverview Bancorp Statutory Trust I 12/2005 ​ $ 7,217 Variable (1) 5.88 % 5.98 % 3/2036 Riverview Bancorp Statutory Trust II 06/2007 ​ 15,464 Variable (2) 7.03 % 5.97 % 9/2037 Merchants Bancorp Statutory Trust I (4) 06/2003 ​ 5,155 Variable (3) 4.16 % 7.69 % 6/2033 ​ ​ ​ ​ 27,836 ​ ​ ​ ​ ​ ​ ​ ​ Fair value adjustment (4) ​ ​ ​ (767) Total Debentures ​ ​ ​ $ 27,069 ​ (1) The trust preferred securities reprice quarterly based on the three-month Chicago Mercantile Exchange (“CME”) Term SOFR plus 1.36% . (2) The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 1.35% . (3) The trust preferred securities reprice quarterly based on the three-month CME Term SOFR plus 3.10% . (4) Amount, net of accretion, attributable to a prior year’s business combination .

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Dec. 31, 2024
FAIR VALUE MEASUREMENTS
Schedule of assets that are measured at estimated fair value on a recurring basis	The following tables present assets that are measured at estimated fair value on a recurring basis at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Estimated ​ Estimated Fair Value Measurements Using December 31, 2024 Fair Value Level 1 Level 2 Level 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities available for sale: ​ ​ ​ ​ Municipal securities ​ $ 30,536 ​ $ — ​ $ 30,536 ​ $ — Agency securities ​ 35,585 ​ — ​ 35,585 ​ — Real estate mortgage investment conduits ​ 23,603 ​ — ​ 23,603 ​ — Residential mortgage-backed securities ​ 10,683 ​ — ​ 10,683 ​ — Other mortgage-backed securities ​ 24,467 ​ — ​ 24,467 ​ — Total assets measured at fair value on a recurring basis ​ $ 124,874 ​ $ — ​ $ 124,874 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Estimated Estimated Fair Value Measurements Using March 31, 2024 Fair Value Level 1 Level 2 Level 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities available for sale: ​ ​ ​ ​ Municipal securities ​ $ 35,136 ​ $ — ​ $ 35,136 ​ $ — Agency securities ​ 43,577 ​ — ​ 43,577 ​ — Real estate mortgage investment conduits ​ 25,665 ​ — ​ 25,665 ​ — Residential mortgage-backed securities ​ 12,551 ​ — ​ 12,551 ​ — Other mortgage-backed securities ​ 26,267 ​ — ​ 26,267 ​ — Total assets measured at fair value on a recurring basis ​ $ 143,196 ​ $ — ​ $ 143,196 ​ $ —
Schedule of carrying amount and estimated fair value of financial instruments	The carrying amount and estimated fair value of financial instruments is as follows at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated December 31, 2024 ​ Amount Level 1 ​ Level 2 ​ Level 3 Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 25,348 ​ $ 25,348 ​ $ — ​ $ — ​ $ 25,348 Investment securities available for sale ​ 124,874 ​ — ​ 124,874 ​ — ​ 124,874 Investment securities held to maturity ​ 212,295 ​ — ​ 180,474 ​ — ​ 180,474 Loans receivable, net ​ 1,029,757 ​ — ​ — ​ 928,326 ​ 928,326 FHLB stock ​ 4,742 ​ — ​ 4,742 ​ — ​ 4,742 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 242,095 ​ — ​ 240,968 ​ — ​ 240,968 FHLB advances ​ 84,200 ​ — ​ 84,006 ​ — ​ 84,006 Junior subordinated debentures ​ 27,069 ​ — ​ — ​ 19,952 ​ 19,952 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated March 31, 2024 ​ Amount ​ Level 1 ​ Level 2 ​ Level 3 ​ Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 23,642 ​ $ 23,642 ​ $ — ​ $ — ​ $ 23,642 Investment securities available for sale ​ 143,196 ​ — ​ 143,196 ​ — ​ 143,196 Investment securities held to maturity ​ 229,510 ​ — ​ 195,519 ​ — ​ 195,519 Loans receivable, net ​ 1,008,649 ​ — ​ — ​ 909,254 ​ 909,254 FHLB stock ​ 4,927 ​ — ​ 4,927 ​ — ​ 4,927 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit ​ 190,972 ​ — ​ 188,972 ​ — ​ 188,972 FHLB advances ​ 88,304 ​ — ​ 88,101 ​ — ​ 88,101 Junior subordinated debentures ​ 27,004 ​ — ​ — ​ 19,327 ​ 19,327

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Dec. 31, 2024
REVENUE FROM CONTRACTS WITH CUSTOMERS
Schedule of non-interest income disaggregated by type of service	The following table includes the Company’s non-interest income, net disaggregated by type of service for the periods shown (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ December 31, ​ December 31, ​ 2024 2023 2024 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset management fees ​ $ 1,443 ​ $ 1,266 ​ $ 4,434 ​ $ 3,920 Debit card and ATM fees ​ 764 ​ 808 ​ 2,386 ​ 2,500 Deposit related fees ​ 484 ​ 465 ​ 1,394 ​ 1,374 Loan related fees ​ 101 ​ 99 ​ 276 ​ 471 Income from BOLI (1) ​ 225 ​ 211 ​ 715 ​ 669 FHLMC loan servicing fees (1) ​ 18 ​ 21 ​ 57 ​ 64 Other, net ​ 306 ​ 186 ​ 1,287 ​ 750 Total non-interest income, net ​ $ 3,341 ​ $ 3,056 ​ $ 10,549 ​ $ 9,748 ​ (1) Not within scope of ASC 606

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Dec. 31, 2024
COMMITMENTS AND CONTINGENCIES
Schedule of significant off-balance sheet commitments	Significant off-balance sheet commitments at December 31, 2024 are listed below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Contract or Notional ​ ​ Amount ​ ​ December 31, ​ 2024 Commitments to extend credit: ​ Adjustable-rate ​ $ 3,000 Fixed-rate ​ — Standby letters of credit ​ 1,600 Undisbursed loan funds and unused lines of credit ​ 101,996 Total ​ $ 106,596

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Dec. 31, 2024
LEASES
Schedule of lease right-of-use assets and lease liabilities	The table below presents the ROU assets and lease liabilities recorded in the consolidated balance sheets at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ March 31, Classification in the Leases 2024 2024 consolidated balance sheets Finance lease ROU assets ​ $ 1,144 $ 1,202 Financing lease ROU assets Finance lease liability ​ $ 2,117 $ 2,168 Finance lease liability Finance lease remaining lease term ​ 14.92 years 15.68 years ​ Finance lease discount rate ​ 7.16 % 7.16 % ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease ROU assets ​ $ 4,508 $ 5,479 Prepaid expenses and other assets Operating lease liabilities ​ $ 4,746 $ 5,780 Accrued expenses and other liabilities Operating lease weighted-average remaining lease term ​ 4.86 years 5.34 years ​ Operating lease weighted-average discount rate ​ 1.68 % 1.74 %
Schedule of lease costs for finance and operating leases	The table below presents certain information related to the lease costs for financing and operating leases, which are recorded in occupancy and depreciation in the accompanying consolidated statements of income at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Three months ended Lease Costs December 31, 2024 December 31, 2023 Finance lease amortization of ROU asset ​ $ 19 ​ $ 20 Finance lease interest on lease liability ​ 38 ​ 39 Operating lease costs ​ 283 ​ 283 Variable lease costs ​ — ​ 53 Total lease cost (1) ​ $ 340 ​ $ 395 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended ​ Nine months ended Lease Costs December 31, 2024 December 31, 2023 Finance lease amortization of ROU asset ​ $ 58 ​ $ 58 Finance lease interest on lease liability ​ 115 ​ 119 Operating lease costs ​ 849 ​ 849 Variable lease costs ​ 105 ​ 157 Total lease cost (1) ​ $ 1,127 ​ $ 1,183 ​ (1) Income related to sub-lease activity is not significant and not presented herein. ​
Schedule of maturities of operating lease liabilities	The following table reconciles the undiscounted cash flows for the periods presented related to the Company’s lease liabilities as of December 31, 2024 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Fiscal Year Ending March 31: Operating Finance ​ ​ Leases ​ Lease Remainder of 2025 ​ $ 294 ​ $ 57 2026 ​ 1,125 ​ 226 2027 ​ 1,116 ​ 230 2028 ​ 899 ​ 232 2029 ​ 684 ​ 232 Thereafter ​ 947 ​ 2,479 Total minimum lease payments ​ 5,065 ​ 3,456 Less: amount of lease payments representing interest ​ (319) ​ (1,339) Lease liabilities ​ $ 4,746 ​ $ 2,117 ​
Schedule of maturities of finance lease liabilities	The following table reconciles the undiscounted cash flows for the periods presented related to the Company’s lease liabilities as of December 31, 2024 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Fiscal Year Ending March 31: Operating Finance ​ ​ Leases ​ Lease Remainder of 2025 ​ $ 294 ​ $ 57 2026 ​ 1,125 ​ 226 2027 ​ 1,116 ​ 230 2028 ​ 899 ​ 232 2029 ​ 684 ​ 232 Thereafter ​ 947 ​ 2,479 Total minimum lease payments ​ 5,065 ​ 3,456 Less: amount of lease payments representing interest ​ (319) ​ (1,339) Lease liabilities ​ $ 4,746 ​ $ 2,117 ​

STOCK PLANS AND STOCK-BASED C_3

STOCK PLANS AND STOCK-BASED COMPENSATION - Stock option activity (Details)	9 Months Ended
	Dec. 31, 2023 $ / shares shares
Number of Shares
Balance, beginning of period	14,310
Options exercised	(12,799)
Options expired	(1,511)
Balance, end of period	0
Weighted Average Exercise Price
Balance, beginning of period | $ / shares	$ 2.78
Options exercised | $ / shares	2.78
Options expired | $ / shares	$ 2.78

STOCK PLANS AND STOCK-BASED C_4

STOCK PLANS AND STOCK-BASED COMPENSATION - Restricted Stock Activity (Details) - $ / shares	9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Time Based
Number of Unvested Shares
Balance, beginning of period	15,779	29,977
Granted	147,462	19,926
Forfeited		(19,006)
Vested	(7,281)	(15,118)
Balance, end of period	155,960	15,779
Weighted Average Grant Date Fair Value
Balance, beginning of period	$ 5.72	$ 6.14
Granted	5.76	5.21
Forfeited		5.81
Vested	6.08	5.77
Balance, end of period	$ 5.74	$ 5.72
Performance Based
Number of Unvested Shares
Balance, beginning of period	63,397	132,645
Granted	90,401	84,040
Forfeited	(14,075)	(99,514)
Vested	(16,393)	(53,774)
Balance, end of period	123,330	63,397
Weighted Average Grant Date Fair Value
Balance, beginning of period	$ 5.68	$ 6.05
Granted	5.76	5.21
Forfeited	5.21	5.94
Vested	6.73	5.38
Balance, end of period	$ 5.65	$ 5.68
Restricted stock
Number of Unvested Shares
Balance, beginning of period	79,176	162,622
Granted	237,863	103,966
Forfeited	(14,075)	(118,520)
Vested	(23,674)	(68,892)
Balance, end of period	279,290	79,176
Weighted Average Grant Date Fair Value
Balance, beginning of period	$ 5.69	$ 6.07
Granted	5.76	5.21
Forfeited	5.21	5.92
Vested	6.53	5.47
Balance, end of period	$ 5.7	$ 5.69

STOCK PLANS AND STOCK-BASED C_5

STOCK PLANS AND STOCK-BASED COMPENSATION - Additional information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Jul. 31, 2017
STOCK PLANS AND STOCK-BASED COMPENSATION
Stock options outstanding	0	0	0	0	14,310
Stock Option Plans
STOCK PLANS AND STOCK-BASED COMPENSATION
Total intrinsic value of stock options exercised			$ 0	$ 28,000
Unrecognized compensation expense	$ 0		0
Stock based Compensation Expense			$ 0	$ 0
2003 Stock Option Plan
STOCK PLANS AND STOCK-BASED COMPENSATION
Number of stock options outstanding	0		0
Maximum term of stock options granted			10 years
2017 Plan
STOCK PLANS AND STOCK-BASED COMPENSATION
Shares available for grant	1,308,215		1,308,215
Number of shares reserved for common stock						1,800,000
Minimum | 2003 Stock Option Plan
STOCK PLANS AND STOCK-BASED COMPENSATION
Vesting period			0 years
Maximum | 2003 Stock Option Plan
STOCK PLANS AND STOCK-BASED COMPENSATION
Vesting period			5 years
Stock options
STOCK PLANS AND STOCK-BASED COMPENSATION
Number of stock options granted			0	0
Restricted stock
STOCK PLANS AND STOCK-BASED COMPENSATION
Restricted stock forfeitures		$ 26,000		$ 238,000
Restricted stock forfeited (in shares)	0		0
Unrecognized compensation expense	$ 1,200,000	267,000	$ 1,200,000	267,000
Stock based Compensation Expense	$ 264,000	$ 19,000	$ 316,000	$ 11,000
Restricted stock | Weighted average
STOCK PLANS AND STOCK-BASED COMPENSATION
Vesting period			2 years 8 months 4 days	1 year 6 months 3 days

EARNINGS PER SHARE - Earnings P

EARNINGS PER SHARE - Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Basic EPS computation:
Numerator-net income (in dollars)	$ 1,232	$ 1,452	$ 3,755	$ 6,767
Denominator-weighted average common shares outstanding	21,037,246	21,113,464	21,081,851	21,146,888
Basic EPS (in dollars per share)	$ 0.06	$ 0.07	$ 0.18	$ 0.32
Diluted EPS computation:
Numerator-net income (in dollars)	$ 1,232	$ 1,452	$ 3,755	$ 6,767
Denominator-weighted average common shares outstanding	21,037,246	21,113,464	21,081,851	21,146,888
Effect of dilutive stock options				2,000
Weighted average common shares and common stock equivalents	21,037,246	21,113,464	21,081,851	21,148,679
Diluted EPS (in dollars per share)	$ 0.06	$ 0.07	$ 0.18	$ 0.32

EARNINGS PER SHARE - Additional

EARNINGS PER SHARE - Additional information (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended	9 Months Ended
	May 05, 2023	Dec. 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Sep. 25, 2024	Nov. 30, 2022
EARNINGS PER SHARE
Antidilutive securities excluded from computation of earnings per share, amount			0	0
November 2022 Repurchase Program
EARNINGS PER SHARE
Maximum shares repurchase amount						$ 2.5
Average price	$ 6.34
Shares repurchased and retired	394,334
Shares repurchased and retired value	$ 2.5
September 2024 Repurchase Program
EARNINGS PER SHARE
Maximum shares repurchase amount					$ 2
Average price		$ 5.43
Shares repurchased and retired		200,073
Shares repurchased and retired value		$ 1.1

INVESTMENT SECURITIES - Availab

INVESTMENT SECURITIES - Available for sale (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
INVESTMENT SECURITIES
Amortized Cost	$ 144,814	$ 164,416
Gross Unrealized Gains	17	26
Gross Unrealized Losses	(19,957)	(21,246)
Estimated Fair Value	124,874	143,196
Municipal securities
INVESTMENT SECURITIES
Amortized Cost	37,329	41,657
Gross Unrealized Gains	1	20
Gross Unrealized Losses	(6,794)	(6,541)
Estimated Fair Value	30,536	35,136
Agency securities
INVESTMENT SECURITIES
Amortized Cost	38,937	47,818
Gross Unrealized Losses	(3,352)	(4,241)
Estimated Fair Value	35,585	43,577
Real estate mortgage investment conduits
INVESTMENT SECURITIES
Amortized Cost	29,261	31,424
Gross Unrealized Losses	(5,658)	(5,759)
Estimated Fair Value	23,603	25,665
Residential mortgage-backed securities
INVESTMENT SECURITIES
Amortized Cost	11,422	13,519
Gross Unrealized Gains	12	3
Gross Unrealized Losses	(751)	(971)
Estimated Fair Value	10,683	12,551
Other mortgage-backed securities
INVESTMENT SECURITIES
Amortized Cost	27,865	29,998
Gross Unrealized Gains	4	3
Gross Unrealized Losses	(3,402)	(3,734)
Estimated Fair Value	$ 24,467	$ 26,267

INVESTMENT SECURITIES - Held to

INVESTMENT SECURITIES - Held to maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
INVESTMENT SECURITIES
Amortized Cost	$ 212,295	$ 229,510
Gross Unrealized Losses	(31,821)	(33,991)
Estimated Fair Value	180,474	195,519
Municipal securities
INVESTMENT SECURITIES
Amortized Cost	10,302	10,321
Gross Unrealized Losses	(2,945)	(2,789)
Estimated Fair Value	7,357	7,532
Agency securities
INVESTMENT SECURITIES
Amortized Cost	48,253	54,123
Gross Unrealized Losses	(3,368)	(4,522)
Estimated Fair Value	44,885	49,601
Real estate mortgage investment conduits
INVESTMENT SECURITIES
Amortized Cost	29,249	31,752
Gross Unrealized Losses	(4,786)	(5,171)
Estimated Fair Value	24,463	26,581
Residential mortgage-backed securities
INVESTMENT SECURITIES
Amortized Cost	104,314	112,834
Gross Unrealized Losses	(17,686)	(18,196)
Estimated Fair Value	86,628	94,638
Other mortgage-backed securities
INVESTMENT SECURITIES
Amortized Cost	20,177	20,480
Gross Unrealized Losses	(3,036)	(3,313)
Estimated Fair Value	$ 17,141	$ 17,167

INVESTMENT SECURITIES - Contrac

INVESTMENT SECURITIES - Contractual maturities, Available for sale (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Available for Sale, Amortized Cost
Due in one year or less	$ 6,263
Due after one year through five years	44,284
Due after five years through ten years	34,347
Due after ten years	59,920
Total, Amortized Cost	144,814
Available for Sale, Estimated Fair Value
Due in one year or less	6,255
Due after one year through five years	40,044
Due after five years through ten years	29,492
Due after ten years	49,083
Total, Estimated Fair Value	$ 124,874

INVESTMENT SECURITIES - Contr_2

INVESTMENT SECURITIES - Contractual maturities, Held to maturity (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Held to Maturity, Amortized Cost
Due in one year or less	$ 14,995
Due after one year through five years	30,353
Due after five years through ten years	21,274
Due after ten years	145,673
Total, Amortized Cost	212,295
Held to Maturity, Estimated Fair Value
Due in one year or less	14,841
Due after one year through five years	28,149
Due after five years through ten years	18,007
Due after ten years	119,477
Total, Estimated Fair Value	$ 180,474

INVESTMENT SECURITIES - Fair va

INVESTMENT SECURITIES - Fair value of impaired investment securities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
INVESTMENT SECURITIES
Less than 12 months, Estimated Fair Value	$ 470	$ 534
Less than 12 months, Unrealized Losses	(3)	(1)
12 months or longer, Estimated Fair Value	122,287	139,466
12 months or longer, Unrealized Losses	(19,954)	(21,245)
Total, Estimated Fair Value	122,757	140,000
Total, Unrealized Losses	(19,957)	(21,246)
Debt Securities, Held to maturity
12 months or longer, estimated fair value	180,474	195,519
12 months or longer, unrealized losses	(31,821)	(33,991)
Total estimated fair value	180,474	195,519
Total, unrealized losses	(31,821)	(33,991)
Municipal securities
INVESTMENT SECURITIES
12 months or longer, Estimated Fair Value	29,365	32,748
12 months or longer, Unrealized Losses	(6,794)	(6,541)
Total, Estimated Fair Value	29,365	32,748
Total, Unrealized Losses	(6,794)	(6,541)
Debt Securities, Held to maturity
12 months or longer, estimated fair value	7,357	7,532
12 months or longer, unrealized losses	(2,945)	(2,789)
Total estimated fair value	7,357	7,532
Total, unrealized losses	(2,945)	(2,789)
Agency securities
INVESTMENT SECURITIES
12 months or longer, Estimated Fair Value	35,585	43,577
12 months or longer, Unrealized Losses	(3,352)	(4,241)
Total, Estimated Fair Value	35,585	43,577
Total, Unrealized Losses	(3,352)	(4,241)
Debt Securities, Held to maturity
12 months or longer, estimated fair value	44,885	49,601
12 months or longer, unrealized losses	(3,368)	(4,522)
Total estimated fair value	44,885	49,601
Total, unrealized losses	(3,368)	(4,522)
Real estate mortgage investment conduits
INVESTMENT SECURITIES
12 months or longer, Estimated Fair Value	23,603	25,665
12 months or longer, Unrealized Losses	(5,658)	(5,759)
Total, Estimated Fair Value	23,603	25,665
Total, Unrealized Losses	(5,658)	(5,759)
Debt Securities, Held to maturity
12 months or longer, estimated fair value	24,463	26,581
12 months or longer, unrealized losses	(4,786)	(5,171)
Total estimated fair value	24,463	26,581
Total, unrealized losses	(4,786)	(5,171)
Residential mortgage-backed securities
INVESTMENT SECURITIES
12 months or longer, Estimated Fair Value	10,005	12,073
12 months or longer, Unrealized Losses	(751)	(971)
Total, Estimated Fair Value	10,005	12,073
Total, Unrealized Losses	(751)	(971)
Debt Securities, Held to maturity
12 months or longer, estimated fair value	86,628	94,638
12 months or longer, unrealized losses	(17,686)	(18,196)
Total estimated fair value	86,628	94,638
Total, unrealized losses	(17,686)	(18,196)
Other mortgage-backed securities
INVESTMENT SECURITIES
Less than 12 months, Estimated Fair Value	470	534
Less than 12 months, Unrealized Losses	(3)	(1)
12 months or longer, Estimated Fair Value	23,729	25,403
12 months or longer, Unrealized Losses	(3,399)	(3,733)
Total, Estimated Fair Value	24,199	25,937
Total, Unrealized Losses	(3,402)	(3,734)
Debt Securities, Held to maturity
12 months or longer, estimated fair value	17,141	17,167
12 months or longer, unrealized losses	(3,036)	(3,313)
Total estimated fair value	17,141	17,167
Total, unrealized losses	$ (3,036)	$ (3,313)

INVESTMENT SECURITIES - Additio

INVESTMENT SECURITIES - Additional information (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2024
INVESTMENT SECURITIES
Proceeds from the sale of investment securities	$ 0	$ 0
Gross realized gains on sales of investment securities	0	$ 0
Available for sale with amortized cost	144,814		$ 164,416
Available for sale, at estimated fair value	124,874		143,196
Held to maturity, estimated fair value	180,474		195,519
Asset Pledged as Collateral | Government public funds held by the bank
INVESTMENT SECURITIES
Available for sale with amortized cost	2,200		2,600
Available for sale, at estimated fair value	2,000		2,400
Held to maturity at amortized cost	10,500		11,200
Held to maturity, estimated fair value	8,600		9,300
Asset Pledged as Collateral | FHLB and FRB Borrowing Arrangements
INVESTMENT SECURITIES
Held to maturity at amortized cost	143,400		151,200
Held to maturity, estimated fair value	$ 119,600		$ 126,100

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES FOR LOANS - Loans receivable, excluding loans held for sale (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Sep. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023
LOANS RECEIVABLE
Total loans	$ 1,045,109		$ 1,024,013
Less: ACL for loans	15,352	$ 15,466	15,364	$ 15,361	$ 15,346	$ 15,309
Loans receivable, net	1,029,757		1,008,649
Commercial and Industrial | Commercial Business
LOANS RECEIVABLE
Total loans	224,506		229,404
Commercial Real Estate Portfolio Segment
LOANS RECEIVABLE
Total loans	931,842		925,907
Commercial Real Estate Portfolio Segment | Commercial Business
LOANS RECEIVABLE
Total loans	224,506		229,404
Less: ACL for loans	5,134	5,118	5,280	5,265	5,339	3,123
Commercial Real Estate Portfolio Segment | Commercial Real Estate
LOANS RECEIVABLE
Total loans	574,496		583,501
Less: ACL for loans	7,219	7,137	7,391	7,279	7,138	8,894
Commercial Real Estate Portfolio Segment | Land
LOANS RECEIVABLE
Total loans	4,062		5,693
Less: ACL for loans	72	139	106	157	112	93
Commercial Real Estate Portfolio Segment | Multi-Family
LOANS RECEIVABLE
Total loans	78,822		70,771
Less: ACL for loans	365	354	367	334	293	798
Commercial Real Estate Portfolio Segment | Real Estate Construction
LOANS RECEIVABLE
Total loans	49,956		36,538
Less: ACL for loans	829	925	636	731	860	764
Consumer
LOANS RECEIVABLE
Total loans	113,267		98,106
Less: ACL for loans	1,733	$ 1,793	1,584	$ 1,595	$ 1,604	$ 1,127
Consumer | Real estate one-to-four family
LOANS RECEIVABLE
Total loans	97,760		96,366
Consumer | Other installment
LOANS RECEIVABLE
Total loans	$ 15,507		$ 1,740

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES FOR LOANS - Risk category of bank loans by year of origination (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2024
Origination year
2025/2024	$ 60,876		$ 60,876		$ 68,625
2024/2023	90,190		90,190		169,408
2023/2022	154,459		154,459		338,864
2022/2021	328,835		328,835		126,861
2021/2020	118,121		118,121		84,175
Prior	266,887		266,887		215,697
Revolving Loans	25,741		25,741		20,383
Total Loans Receivable	1,045,109		1,045,109		1,024,013
Gross write-offs
2024/2023					11
Prior					2
Revolving Loans			117
Total Loans Receivable	116	$ 2	117	$ 13	13
Commercial and Industrial | Commercial Business
Origination year
2025/2024	9,791		9,791		14,126
2024/2023	20,332		20,332		63,838
2023/2022	57,278		57,278		85,864
2022/2021	80,477		80,477		28,119
2021/2020	22,216		22,216		17,431
Prior	26,227		26,227		12,701
Revolving Loans	8,185		8,185		7,325
Total Loans Receivable	224,506		224,506		229,404
Commercial Real Estate Portfolio Segment
Origination year
Total Loans Receivable	931,842		931,842		925,907
Commercial Real Estate Portfolio Segment | Commercial Business
Origination year
Total Loans Receivable	224,506		224,506		229,404
Commercial Real Estate Portfolio Segment | Commercial Real Estate
Origination year
2025/2024	24,916		24,916		36,636
2024/2023	40,769		40,769		70,599
2023/2022	64,562		64,562		147,912
2022/2021	144,726		144,726		89,662
2021/2020	87,473		87,473		53,424
Prior	212,050		212,050		185,268
Total Loans Receivable	574,496		574,496		583,501
Gross write-offs
Revolving Loans			80
Total Loans Receivable	80		80
Commercial Real Estate Portfolio Segment | Land
Origination year
2025/2024	619		619		2,361
2024/2023					2,695
2023/2022	2,597		2,597		94
2022/2021	86		86
2021/2020					106
Prior	479		479		437
Revolving Loans	281		281
Total Loans Receivable	4,062		4,062		5,693
Commercial Real Estate Portfolio Segment | Multi-Family
Origination year
2025/2024	711		711		970
2024/2023	953		953		21,643
2023/2022	26,204		26,204		32,003
2022/2021	36,040		36,040		4,841
2021/2020	4,307		4,307		8,823
Prior	10,607		10,607		2,491
Total Loans Receivable	78,822		78,822		70,771
Commercial Real Estate Portfolio Segment | Real Estate Construction
Origination year
2025/2024	10,901		10,901		14,114
2024/2023	27,530		27,530		10,078
2023/2022	3,442		3,442		12,346
2022/2021	8,083		8,083
Total Loans Receivable	49,956		49,956		36,538
Consumer
Origination year
Total Loans Receivable	113,267		113,267		98,106
Gross write-offs
Total Loans Receivable	36	$ 2	37	$ 13
Consumer | Real estate one-to-four family
Origination year
2025/2024	10		10
2023/2022					60,447
2022/2021	59,305		59,305		4,164
2021/2020	4,072		4,072		4,364
Prior	17,514		17,514		14,792
Revolving Loans	16,859		16,859		12,599
Total Loans Receivable	97,760		97,760		96,366
Gross write-offs
Revolving Loans			11
Total Loans Receivable			11
Consumer | Other installment
Origination year
2025/2024	13,928		13,928		418
2024/2023	606		606		555
2023/2022	376		376		198
2022/2021	118		118		75
2021/2020	53		53		27
Prior	10		10		8
Revolving Loans	416		416		459
Total Loans Receivable	15,507		15,507		1,740
Gross write-offs
2024/2023					11
Prior					2
Revolving Loans			26
Total Loans Receivable			26		13
Pass
Origination year
2025/2024	54,310		54,310		67,311
2024/2023	86,994		86,994		165,301
2023/2022	150,607		150,607		337,234
2022/2021	325,524		325,524		126,861
2021/2020	117,584		117,584		83,654
Prior	234,335		234,335		188,352
Revolving Loans	25,092		25,092		17,885
Total Loans Receivable	994,446		994,446		986,598
Pass | Commercial and Industrial | Commercial Business
Origination year
2025/2024	7,714		7,714		14,126
2024/2023	20,332		20,332		63,838
2023/2022	57,278		57,278		85,131
2022/2021	79,864		79,864		28,119
2021/2020	21,697		21,697		16,945
Prior	25,379		25,379		12,411
Revolving Loans	7,536		7,536		4,827
Total Loans Receivable	219,800		219,800		225,397
Pass | Commercial Real Estate Portfolio Segment | Commercial Real Estate
Origination year
2025/2024	20,427		20,427		36,116
2024/2023	37,573		37,573		66,847
2023/2022	60,894		60,894		147,015
2022/2021	142,028		142,028		89,662
2021/2020	87,473		87,473		53,424
Prior	180,602		180,602		158,311
Total Loans Receivable	528,997		528,997		551,375
Pass | Commercial Real Estate Portfolio Segment | Land
Origination year
2025/2024	619		619		2,361
2024/2023					2,340
2023/2022	2,597		2,597		94
2022/2021	86		86
2021/2020					106
Prior	479		479		437
Revolving Loans	281		281
Total Loans Receivable	4,062		4,062		5,338
Pass | Commercial Real Estate Portfolio Segment | Multi-Family
Origination year
2025/2024	711		711		970
2024/2023	953		953		21,643
2023/2022	26,020		26,020		32,003
2022/2021	36,040		36,040		4,841
2021/2020	4,289		4,289		8,788
Prior	10,383		10,383		2,429
Total Loans Receivable	78,396		78,396		70,674
Pass | Commercial Real Estate Portfolio Segment | Real Estate Construction
Origination year
2025/2024	10,901		10,901		13,320
2024/2023	27,530		27,530		10,078
2023/2022	3,442		3,442		12,346
2022/2021	8,083		8,083
Total Loans Receivable	49,956		49,956		35,744
Pass | Consumer | Real estate one-to-four family
Origination year
2025/2024	10		10
2023/2022					60,447
2022/2021	59,305		59,305		4,164
2021/2020	4,072		4,072		4,364
Prior	17,482		17,482		14,756
Revolving Loans	16,859		16,859		12,599
Total Loans Receivable	97,728		97,728		96,330
Pass | Consumer | Other installment
Origination year
2025/2024	13,928		13,928		418
2024/2023	606		606		555
2023/2022	376		376		198
2022/2021	118		118		75
2021/2020	53		53		27
Prior	10		10		8
Revolving Loans	416		416		459
Total Loans Receivable	15,507		15,507		1,740
Special Mention
Origination year
2025/2024	6,566		6,566		794
2024/2023	3,166		3,166		4,107
2023/2022	3,852		3,852		1,630
2022/2021	3,311		3,311
2021/2020	537		537		521
Prior	32,357		32,357		27,142
Revolving Loans	649		649		2,498
Total Loans Receivable	50,438		50,438		36,692
Special Mention | Commercial and Industrial | Commercial Business
Origination year
2025/2024	2,077		2,077
2023/2022					733
2022/2021	613		613
2021/2020	519		519		486
Prior	806		806		232
Revolving Loans	649		649		2,498
Total Loans Receivable	4,664		4,664		3,949
Special Mention | Commercial Real Estate Portfolio Segment
Origination year
2024/2023					3,752
2023/2022					897
Prior					26,878
Total Loans Receivable					31,527
Special Mention | Commercial Real Estate Portfolio Segment | Commercial Real Estate
Origination year
2025/2024	4,489		4,489
2024/2023	3,166		3,166
2023/2022	3,668		3,668
2022/2021	2,698		2,698
Prior	31,385		31,385
Total Loans Receivable	45,406		45,406
Special Mention | Commercial Real Estate Portfolio Segment | Land
Origination year
2024/2023					355
Total Loans Receivable					355
Special Mention | Commercial Real Estate Portfolio Segment | Multi-Family
Origination year
2023/2022	184		184
2021/2020	18		18		35
Prior	166		166		32
Total Loans Receivable	368		368		67
Special Mention | Commercial Real Estate Portfolio Segment | Real Estate Construction
Origination year
2025/2024					794
Total Loans Receivable					794
Substandard
Origination year
2025/2024					520
2024/2023	30		30
Prior	195		195		203
Total Loans Receivable	225		225		723
Substandard | Commercial and Industrial | Commercial Business
Origination year
Prior	42		42		58
Total Loans Receivable	42		42		58
Substandard | Commercial Real Estate Portfolio Segment
Origination year
2025/2024					520
Prior					79
Total Loans Receivable					599
Substandard | Commercial Real Estate Portfolio Segment | Commercial Real Estate
Origination year
2024/2023	30		30
Prior	63		63
Total Loans Receivable	93		93
Substandard | Commercial Real Estate Portfolio Segment | Multi-Family
Origination year
Prior	58		58		30
Total Loans Receivable	58		58		30
Substandard | Consumer | Real estate one-to-four family
Origination year
Prior	32		32		36
Total Loans Receivable	$ 32		$ 32		$ 36

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES FOR LOANS - Reconciliation of the allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2024
Reconciliation of the allowance for loan losses
Beginning balance	$ 15,466	$ 15,346	$ 15,364	$ 15,309	$ 15,309
(Recapture of) provision for credit losses			100
Charge-offs	(116)	(2)	(117)	(13)	(13)
Recoveries	2	17	5	23
Ending balance	15,352	15,361	15,352	15,361	15,364
Adjustment | ASU 2016-13
Reconciliation of the allowance for loan losses
Beginning balance				42	42
Commercial Real Estate Portfolio Segment | Commercial Business
Reconciliation of the allowance for loan losses
Beginning balance	5,118	5,339	5,280	3,123	3,123
(Recapture of) provision for credit losses	16	(74)	(146)	258
Ending balance	5,134	5,265	5,134	5,265	5,280
Commercial Real Estate Portfolio Segment | Commercial Business | Adjustment | ASU 2016-13
Reconciliation of the allowance for loan losses
Beginning balance				1,884	1,884
Commercial Real Estate Portfolio Segment | Commercial Real Estate
Reconciliation of the allowance for loan losses
Beginning balance	7,137	7,138	7,391	8,894	8,894
(Recapture of) provision for credit losses	162	141	(92)	(121)
Charge-offs	(80)		(80)
Ending balance	7,219	7,279	7,219	7,279	7,391
Commercial Real Estate Portfolio Segment | Commercial Real Estate | Adjustment | ASU 2016-13
Reconciliation of the allowance for loan losses
Beginning balance				(1,494)	(1,494)
Commercial Real Estate Portfolio Segment | Land
Reconciliation of the allowance for loan losses
Beginning balance	139	112	106	93	93
(Recapture of) provision for credit losses	(67)	45	(34)	24
Ending balance	72	157	72	157	106
Commercial Real Estate Portfolio Segment | Land | Adjustment | ASU 2016-13
Reconciliation of the allowance for loan losses
Beginning balance				40	40
Commercial Real Estate Portfolio Segment | Multi-Family
Reconciliation of the allowance for loan losses
Beginning balance	354	293	367	798	798
(Recapture of) provision for credit losses	11	41	(2)	28
Ending balance	365	334	365	334	367
Commercial Real Estate Portfolio Segment | Multi-Family | Adjustment | ASU 2016-13
Reconciliation of the allowance for loan losses
Beginning balance				(492)	(492)
Commercial Real Estate Portfolio Segment | Real Estate Construction
Reconciliation of the allowance for loan losses
Beginning balance	925	860	636	764	764
(Recapture of) provision for credit losses	(96)	(129)	193	(164)
Ending balance	829	731	829	731	636
Commercial Real Estate Portfolio Segment | Real Estate Construction | Adjustment | ASU 2016-13
Reconciliation of the allowance for loan losses
Beginning balance				131	131
Consumer
Reconciliation of the allowance for loan losses
Beginning balance	1,793	1,604	1,584	1,127	1,127
(Recapture of) provision for credit losses	(26)	(24)	181	(25)
Charge-offs	(36)	(2)	(37)	(13)
Recoveries	2	17	5	23
Ending balance	$ 1,733	$ 1,595	$ 1,733	1,595	1,584
Consumer | Adjustment | ASU 2016-13
Reconciliation of the allowance for loan losses
Beginning balance				483	483
Unallocated
Reconciliation of the allowance for loan losses
Beginning balance				510	510
Unallocated | Adjustment | ASU 2016-13
Reconciliation of the allowance for loan losses
Beginning balance				$ (510)	$ (510)

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES FOR LOANS - Analysis of loans by aging category (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	$ 168	$ 173
Total Past Due and Non-accrual	6,027	1,957
Total loans	1,045,109	1,024,013
30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	5,558	1,779
90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	301	5
Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,039,082	1,022,056
Commercial and Industrial | Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	43	58
Total Past Due and Non-accrual	2,799	1,841
Total loans	224,506	229,404
Commercial and Industrial | Commercial Business | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,455	1,778
Commercial and Industrial | Commercial Business | 90 Days and Greater Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	301	5
Commercial and Industrial | Commercial Business | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	221,707	227,563
Commercial Real Estate Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	931,842	925,907
Commercial Real Estate Portfolio Segment | Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	224,506	229,404
Commercial Real Estate Portfolio Segment | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	93	79
Total Past Due and Non-accrual	93	79
Total loans	574,496	583,501
Commercial Real Estate Portfolio Segment | Commercial Real Estate | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	574,403	583,422
Commercial Real Estate Portfolio Segment | Land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	4,062	5,693
Commercial Real Estate Portfolio Segment | Land | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	4,062	5,693
Commercial Real Estate Portfolio Segment | Multi-Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	78,822	70,771
Commercial Real Estate Portfolio Segment | Multi-Family | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	78,822	70,771
Commercial Real Estate Portfolio Segment | Real Estate Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due and Non-accrual	2,122
Total loans	49,956	36,538
Commercial Real Estate Portfolio Segment | Real Estate Construction | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,122
Commercial Real Estate Portfolio Segment | Real Estate Construction | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	47,834	36,538
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual	32	36
Total Past Due and Non-accrual	1,013	37
Total loans	113,267	98,106
Consumer | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	981	1
Consumer | Current
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 112,254	$ 98,069

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES FOR LOANS - Additional information (Details)	3 Months Ended	9 Months Ended		12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2024 USD ($) loan	Dec. 31, 2023 USD ($)	Mar. 31, 2024 USD ($) loan	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Deferred loan fees	$ 4,200,000	$ 4,200,000		$ 4,700,000
Discount On Loans Receivable	1,200,000	1,200,000		1,300,000
Receivable with Imputed Interest, Premium	1,800,000	1,800,000		1,900,000
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss	1,029,757,000	$ 1,029,757,000		$ 1,008,649,000
Percentage Of Loans And Extensions Of Credit Outstanding		15%
Number of loans to one borrower over regulatory limit | loan		0		0
Financing receivable, excluding accrued interest, modified in period, amount	0
Financing receivable, excluding accrued interest, modified, subsequent default		$ 0
Allowance for credit losses (in dollars)	15,352,000	15,352,000	$ 15,361,000	$ 15,364,000	$ 15,466,000	$ 15,346,000	$ 15,309,000
Non-accrual loans with no ACL	105,000	105,000
Non-accrual loans with ACL	63,000	63,000
Non-accruals, Allowance	1,000	1,000
Interest income foregone on non-accrual loans		30,000	8,000	10,000
Total loans	1,045,109,000	1,045,109,000		1,024,013,000
30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	5,558,000	5,558,000		1,779,000
Adjustment | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses (in dollars)							42,000
Fully Guaranteed SBA Or USDA Loans | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,500,000	2,500,000		1,800,000
Assets pledged as collateral | FHLB and FRB Borrowing Arrangements
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss	738,800,000	738,800,000
Assets pledged as collateral | Financing receivable | Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss	42,000	42,000
Assets pledged as collateral | Financing receivable | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss	63,000	63,000
Commercial and Industrial | Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	224,506,000	224,506,000		229,404,000
Commercial and Industrial | Commercial Business | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,455,000	2,455,000		1,778,000
Commercial Real Estate Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	931,842,000	931,842,000		925,907,000
Commercial Real Estate Portfolio Segment | Commercial Business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses (in dollars)	5,134,000	5,134,000	5,265,000	5,280,000	5,118,000	5,339,000	3,123,000
Total loans	224,506,000	224,506,000		229,404,000
Commercial Real Estate Portfolio Segment | Commercial Business | Adjustment | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses (in dollars)							1,884,000
Commercial Real Estate Portfolio Segment | Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses (in dollars)	7,219,000	7,219,000	7,279,000	7,391,000	7,137,000	7,138,000	8,894,000
Total loans	574,496,000	574,496,000		583,501,000
Commercial Real Estate Portfolio Segment | Commercial Real Estate | Adjustment | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses (in dollars)							(1,494,000)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses (in dollars)	1,733,000	1,733,000	$ 1,595,000	1,584,000	$ 1,793,000	$ 1,604,000	1,127,000
Total loans	113,267,000	113,267,000		98,106,000
Consumer | 30-89 Days Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	981,000	981,000		1,000
Consumer | Adjustment | ASU 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses (in dollars)							$ 483,000
Consumer | Real estate one-to-four family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 97,760,000	$ 97,760,000		$ 96,366,000

GOODWILL (Details)

GOODWILL (Details) $ in Thousands		9 Months Ended
	Oct. 31, 2024 USD ($)	Dec. 31, 2024 item
GOODWILL
Number of Reporting Units | item		2
Goodwill impairment | $	$ 0

FEDERAL HOME LOAN BANK ADVANC_3

FEDERAL HOME LOAN BANK ADVANCES (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
FEDERAL HOME LOAN BANK ADVANCES
FHLB advances	$ 84,200	$ 88,304
Weighted average interest rate on FHLB advances	5.32%	5.40%

FEDERAL HOME LOAN BANK ADVANC_4

FEDERAL HOME LOAN BANK ADVANCES - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2024	Mar. 31, 2024
FEDERAL HOME LOAN BANK ADVANCES
Loans pledged as collateral	$ 1,029,757	$ 1,008,649
Assets pledged as collateral
FEDERAL HOME LOAN BANK ADVANCES
Percentage of total assets equal to bank credit line from FHLB	45%
Bank additional borrowing capacity from FHLB	$ 164,400
Assets pledged as collateral | FHLB advances
FEDERAL HOME LOAN BANK ADVANCES
Loans pledged as collateral	$ 455,400

JUNIOR SUBORDINATED DEBENTURE_2

JUNIOR SUBORDINATED DEBENTURES (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2024	Mar. 31, 2024
JUNIOR SUBORDINATED DEBENTURES
Amount Outstanding	$ 27,836
Fair value adjustment	(767)
Total Debentures	$ 27,069	$ 27,004
Riverview Bancorp Statutory Trust I
JUNIOR SUBORDINATED DEBENTURES
Issuance Date	Dec. 01, 2005
Amount Outstanding	$ 7,217
Rate Type	Variable
Initial Rate	5.88%
Current Rate	5.98%
Maturity Date	2036-03
Riverview Bancorp Statutory Trust II
JUNIOR SUBORDINATED DEBENTURES
Issuance Date	Jun. 01, 2007
Amount Outstanding	$ 15,464
Rate Type	Variable
Initial Rate	7.03%
Current Rate	5.97%
Maturity Date	2037-09
Merchants Bancorp Statutory Trust I
JUNIOR SUBORDINATED DEBENTURES
Issuance Date	Jun. 01, 2003
Amount Outstanding	$ 5,155
Rate Type	Variable
Initial Rate	4.16%
Current Rate	7.69%
Maturity Date	2033-06

JUNIOR SUBORDINATED DEBENTURE_3

JUNIOR SUBORDINATED DEBENTURES - Additional Information (Details)	9 Months Ended
	Dec. 31, 2024 USD ($) item	Mar. 31, 2024 USD ($)
JUNIOR SUBORDINATED DEBENTURES
Maximum number of consecutive quarters for deferred payment of each debenture | item	20
Debentures issued to grantor trusts	$ 27,100,000	$ 27,000,000
Common securities issued by grantor trusts	$ 836,000	$ 836,000
Riverview Bancorp Statutory Trust I
JUNIOR SUBORDINATED DEBENTURES
Description of variable rate	three-month Chicago Mercantile Exchange (“CME”) Term SOFR
Interest basis spread on variable rate	1.36%
Riverview Bancorp Statutory Trust II
JUNIOR SUBORDINATED DEBENTURES
Description of variable rate	three-month CME Term SOFR
Interest basis spread on variable rate	1.35%
Merchants Bancorp Statutory Trust I
JUNIOR SUBORDINATED DEBENTURES
Description of variable rate	three-month CME Term SOFR
Interest basis spread on variable rate	3.10%

FAIR VALUE MEASUREMENTS - Estim

FAIR VALUE MEASUREMENTS - Estimated Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Dec. 31, 2024	Mar. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers of assets from level 1 to level 2	$ 0	$ 0
Transfers of assets from level 2 to level 1	0	0
Transfers of assets into level 3	0	0
Transfers of assets out of level 3	0	0
Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	124,874	143,196
Recurring basis | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	30,536	35,136
Recurring basis | Agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	35,585	43,577
Recurring basis | Real estate mortgage investment conduits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	23,603	25,665
Recurring basis | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	10,683	12,551
Recurring basis | Other mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	24,467	26,267
Recurring basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	124,874	143,196
Recurring basis | Level 2 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	30,536	35,136
Recurring basis | Level 2 | Agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	35,585	43,577
Recurring basis | Level 2 | Real estate mortgage investment conduits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	23,603	25,665
Recurring basis | Level 2 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	10,683	12,551
Recurring basis | Level 2 | Other mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value on a recurring basis	24,467	26,267
Nonrecurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets Measured at Fair Value on a Non-recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Nonrecurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total nonrecurring assets measured at fair value	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities held to maturity	$ 180,474	$ 195,519
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	124,874	143,196
Investment securities held to maturity	212,295	229,510
Carrying Amount | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	25,348	23,642
Carrying Amount | Loans Receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	1,029,757	1,008,649
Carrying Amount | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	4,742	4,927
Carrying Amount | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	242,095	190,972
Carrying Amount | FHLB advances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	84,200	88,304
Carrying Amount | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	27,069	27,004
Total Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	124,874	143,196
Investment securities held to maturity	180,474	195,519
Total Estimated Fair Value | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	25,348	23,642
Total Estimated Fair Value | Loans Receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	928,326	909,254
Total Estimated Fair Value | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	4,742	4,927
Total Estimated Fair Value | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	240,968	188,972
Total Estimated Fair Value | FHLB advances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	84,006	88,101
Total Estimated Fair Value | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	19,952	19,327
Level 1 | Cash and cash equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	25,348	23,642
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale	124,874	143,196
Investment securities held to maturity	180,474	195,519
Level 2 | FHLB stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	4,742	4,927
Level 2 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	240,968	188,972
Level 2 | FHLB advances
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	84,006	88,101
Level 3 | Loans Receivable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	928,326	909,254
Level 3 | Junior subordinated debentures
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities	$ 19,952	$ 19,327

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Revenue from External Customer [Line Items]
Income from BOLI	$ 225	$ 211	$ 715	$ 669
FHLMC loan servicing fees	18	21	57	64
Total non-interest income, net	3,341	3,056	10,549	9,748
Contract with customer liability	0		0
Revenue remaining performance obligation	0	0	0	0
Asset management fees
Revenue from External Customer [Line Items]
Non-interest income	1,443	1,266	4,434	3,920
Debit card and ATM fees
Revenue from External Customer [Line Items]
Non-interest income	764	808	2,386	2,500
Deposit related fees
Revenue from External Customer [Line Items]
Non-interest income	484	465	1,394	1,374
Loan related fees
Revenue from External Customer [Line Items]
Non-interest income	101	99	276	471
Other, net
Revenue from External Customer [Line Items]
Non-interest income	$ 306	$ 186	$ 1,287	$ 750

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Significant Off-balance Sheet Commitments (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Total	$ 106,596
Commitments to extend credit | Adjustable-rate
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Total	3,000
Commitments to extend credit | Fixed-rate
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Total	0
Standby letters of credit
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Total	1,600
Undisbursed loan funds and unused lines of credit
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Total	$ 101,996

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($)	1 Months Ended	9 Months Ended
	Aug. 31, 2024	Dec. 31, 2024	Mar. 31, 2024
Loss Contingencies [Line Items]
Threshold limit for honoring of commitments		45 days
Loans under warranty		$ 28,900,000
Allowance for FHLMC loans		12,000
Settlement of the litigation, final settlement	$ 2,300,000
Legal expense recovery		669,000
Non Interest Income
Loss Contingencies [Line Items]
Legal expense recovery		583,000
Professional fees
Loss Contingencies [Line Items]
Legal expense recovery		$ 86,000
Pending Litigation
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss			$ 2,300,000

LEASES - Lease Right-of-use Ass

LEASES - Lease Right-of-use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
LEASES
Finance lease ROU assets	$ 1,144	$ 1,202
Finance lease liability	$ 2,117	$ 2,168
Finance lease remaining lease term	14 years 11 months 1 day	15 years 8 months 4 days
Finance lease discount rate	7.16%	7.16%
Operating lease ROU assets	$ 4,508	$ 5,479
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets	Prepaid Expense and Other Assets
Operating lease liabilities	$ 4,746	$ 5,780
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities and Other Liabilities	Accrued Liabilities and Other Liabilities
Operating lease weighted-average remaining lease term	4 years 10 months 9 days	5 years 4 months 2 days
Operating lease weighted-average discount rate	1.68%	1.74%

LEASES - Lease Costs for Operat

LEASES - Lease Costs for Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
LEASES
Finance lease amortization of ROU asset	$ 19	$ 20	$ 58	$ 58
Finance lease interest on lease liability	38	39	115	119
Operating lease costs	283	283	849	849
Variable lease costs		53	105	157
Total lease cost	$ 340	$ 395	$ 1,127	$ 1,183

LEASES - Undiscounted Cash Flow

LEASES - Undiscounted Cash Flows (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Operating Leases
Remainder of Fiscal 2025	$ 294
2026	1,125
2027	1,116
2028	899
2029	684
Thereafter	947
Total minimum lease payments	5,065
Less: amount of lease payment representing interest	(319)
Lease liabilities	4,746	$ 5,780
Finance Lease
Remainder of Fiscal 2025	57
2026	226
2027	230
2028	232
2029	232
Thereafter	2,479
Total minimum lease payments	3,456
Less: amount of lease payment representing interest	(1,339)
Lease liabilities	$ 2,117	$ 2,168

LEASES - Additional Information

LEASES - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
LEASES
Operating lease	$ 293,000	$ 343,000	$ 988,000	$ 1,000,000
ROU assets obtained in exchange for operating lease liabilities	$ 0	$ 0	$ 0	$ 0