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Reportable Segments (Tables)
12 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables illustrate the Corporation’s operating segments for the years ended June 30, 2013, 2012 and 2011, respectively.

 
For the Year Ended June 30, 2013
(In Thousands)
Provident
Bank
Provident
Bank
Mortgage
Consolidated
Totals
Net interest income
$
27,835

$
5,522

$
33,357

Recovery for loan losses
(1,229
)
(270
)
(1,499
)
Net interest income, after recovery for loan losses
29,064

5,792

34,856

 
 
 
 
Non-interest income:
 
 
 
     Loan servicing and other fees
903

190

1,093

     (Loss) gain on sale of loans, net
(84
)
68,577

68,493

Deposit account fees
2,449


2,449

     Gain on sale and operations of real estate owned
        acquired in the settlement of loans, net
703

213

916

Card and processing fees
1,292


1,292

Other
957


957

Total non-interest income
6,220

68,980

75,200

 
 
 
 
Non-interest expense:
 
 
 
Salaries and employee benefits
17,745

32,705

50,450

Premises and occupancy
2,705

1,727

4,432

Operating and administrative expenses
4,636

7,825

12,461

Total non-interest expense
25,086

42,257

67,343

Income before taxes
10,198

32,515

42,713

Provision for income taxes
3,245

13,671

16,916

Net income
$
6,953

$
18,844

$
25,797

Total assets, end of period
$
1,019,788

$
191,253

$
1,211,041



 
 
(In Thousands)
Year Ended June 30, 2012
 
Provident
Bank
Provident
Bank
Mortgage
 
Consolidated
Total
 
 
 
 
Net interest income
$
30,514

$
6,216

$
36,730

Provision (recovery) for loan losses
5,932

(155
)
5,777

Net interest income, after provision (recovery) for loan losses
24,582

6,371

30,953

 
 
 
 
Non-interest income:
 
 
 
Loan servicing and other fees
627

106

733

(Loss) gain on sale of loans, net
(1,057
)
39,074

38,017

Deposit account fees
2,438


2,438

(Loss) gain on sale and operations of real estate owned
acquired in the settlement of loans, net
(191
)
71

(120
)
Card and processing fees
1,282


1,282

Other
800


800

Total non-interest income
3,899

39,251

43,150

 
 
 
 
Non-interest expense:
 
 
 
Salaries and employee benefits
15,756

23,527

39,283

Premises and occupancy
2,449

1,314

3,763

Operating and administrative expenses
4,903

7,416

12,319

Total non-interest expenses
23,108

32,257

55,365

Income before income taxes
5,373

13,365

18,738

Provision for income taxes
2,309

5,619

7,928

Net income
$
3,064

$
7,746

$
10,810

Total assets, end of fiscal year
$
1,036,138

$
224,779

$
1,260,917


 
 
(In Thousands)
Year Ended June 30, 2011
 
Provident
Bank
Provident
Bank
Mortgage
 
Consolidated
Total
 
 
 
 
Net interest income
$
33,512

$
4,237

$
37,749

Provision for loan losses
2,552

2,913

5,465

Net interest income, after provision for loan losses
30,960

1,324

32,284

 
 
 
 
Non-interest income:
 
 
 
Loan servicing and other fees
832

60

892

(Loss) gain on sale of loans, net
(113
)
31,307

31,194

Deposit account fees
2,504


2,504

(Loss) gain on sale and operations of real estate owned
acquired in the settlement of loans, net
(1,364
)
13

(1,351
)
Gain on sale of premises and equipment
1,089


1,089

Card and processing fees
1,274


1,274

Other
753

2

755

Total non-interest income
4,975

31,382

36,357

 
 
 
 
Non-interest expense:
 
 
 
Salaries and employee benefits
13,828

16,138

29,966

Premises and occupancy
2,289

981

3,270

Operating and administrative expenses
6,347

5,789

12,136

Total non-interest expenses
22,464

22,908

45,372

Income before income taxes
13,471

9,798

23,269

Provision for income taxes
5,929

4,120

10,049

Net income
$
7,542

$
5,678

$
13,220

Total assets, end of fiscal year
$
1,125,453

$
188,271

$
1,313,724