Credit Quality of Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Dec. 31, 2012

Loan Balances by Internal Credit Quality Indicator [Table Text Block]

Loan balances by internal credit quality indicator as of December 31, 2012 are shown below.

(in thousands)	Performing	Watch	Special Mention	Substandard	Total
Residential mortgage	$200,322	$385	$543	$3,601	$204,851
Nonresidential mortgage	83,719	-	128	2,410	86,257
Residential construction & land	3,059	-	-	-	3,059
Commercial construction	2,052	-	370	1,066	3,488
Multi-family	4,135	-	767	731	5,633
Home equity	22,281	-	-	386	22,667
Consumer installment	4,284	-	-	22	4,306
Commercial loans	22,216	38	306	891	23,451
Total gross loans	$342,068	$423	$2,114	$9,107	$353,712

Loan balances by internal credit quality indicator as of June 30, 2012 are shown below.

(in thousands)	Performing	Watch	Special Mention	Substandard	Total
Residential mortgage	$188,446	$-	$557	$4,375	$193,378
Nonresidential mortgage	77,761	-	588	2,445	80,794
Residential construction & land	2,156	-	-	-	2,156
Commercial construction	669	-	290	1,075	2,034
Multi-family	4,185	-	780	557	5,522
Home equity	22,708	-	-	100	22,808
Consumer installment	4,044	1	-	25	4,070
Commercial loans	20,045	39	762	842	21,688
Total gross loans	$320,014	$40	$2,977	$9,419	$332,450

Delinquent and Nonaccrual Loans By Past Due Status [Table Text Block]

The following table sets forth information regarding delinquent and/or nonaccrual loans as of December 31, 2012:

(in thousands)	30-59 days past due	60-89 days past due	90 days or more past due	Total past due	Current	Total Loans	Loans on Non-accrual
Residential mortgage	$570	$2,775	$2,986	$6,331	$198,520	$204,851	$3,164
Nonresidential mortgage	122	1,371	1,114	2,607	83,650	86,257	2,199
Residential construction & land	-	-	-	-	3,059	3,059	-
Commercial construction	-	-	-	-	3,488	3,488	-
Multi-family	-	-	609	609	5,024	5,633	609
Home equity	472	115	60	647	22,020	22,667	386
Consumer installment	91	5	2	98	4,208	4,306	22
Commercial loans	222	500	158	880	22,571	23,451	342
Total gross loans	$1,477	$4,766	$4,929	$11,172	$342,540	$353,712	$6,722

The following table sets forth information regarding delinquent and/or nonaccrual loans as of June 30, 2012:

(in thousands)	30-59 days past due	60-89 days past due	90 days or more past due	Total past due	Current	Total Loans	Loans on Non-accrual
Residential mortgage	$99	$1674	$3,850	$5,623	$187,755	$193,378	$4,206
Nonresidential mortgage	424	1,088	1,041	2,553	78,241	80,794	1,868
Residential construction & land	-	-	-	-	2,156	2,156	-
Commercial construction	-	-	-	-	2,034	2,034	-
Multi-family	-	-	431	431	5,091	5,522	431
Home equity	52	-	100	152	22,656	22,808	60
Consumer installment	76	4	24	104	3,966	4,070	25
Commercial loans	3	596	257	856	20,832	21,688	303
Total gross loans	$654	$3,362	$5,703	$9,719	$322,731	$332,450	$6,893

Nonaccrual Loans, Interest Income Data [Table Text Block]


	For the six months ended December 31,		For the three months ended December 31
(In thousands)	2012	2011	2012	2011
Interest income that would have been recorded if loans had been performing in accordance with original terms	$275	$314	$125	$137
Interest income that was recorded on nonaccrual loans	126	143	72	76

Impaired Loans By Loan Portfolio Class [Table Text Block]

The tables below detail additional information on impaired loans at the date or periods indicated


	As of December 31, 2012			For the six months ended December 31, 2012			For the three months ended December 31, 2012
(in thousands)	Recorded Investment	Unpaid Principal	Related Allowance	Average Recorded Investment	Interest Income Recognized	Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Residential mortgage	$856	$856	$-	$918	$18	$967		$8
Nonresidential mortgage	1,361	1,361	-	1,367	42	1,364		30
Commercial	117	117	-	124	10	122		10
Total loans with no related allowance	2,334	2,334	-	2,409	70	2,453		48
With an allowance recorded:
Residential mortgage	1,960	2,010	303	1,538	15	2,083		11
Nonresidential mortgage	988	988	341	927	8	988		2
Commercial construction	1,066	1,066	303	1,070	-	1,106		-
Multi-family	888	888	142	885	4	889		2
Home equity	386	386	74	386	4	386		4
Commercial loans	571	571	3	573	3	572		2
Total loans with related allowance	5,859	5,909	1,166	5,379	34	6,024		21
Total impaired loans:
Residential mortgage	2,816	2,866	303	2,456	33	3,050		19
Nonresidential mortgage	2,349	2,349	341	2,294	50	2,352		32
Commercial construction	1,066	1,066	303	1,070	-	1,106		-
Multi-family	888	888	142	885	4	889		2
Home equity	386	386	74	386	4	386		4
Commercial loans	688	688	3	697	13	694		12
Total impaired loans	$8,193	$8,243	$1,166	$7,788	$104	$8,477		$69


	As of June 30, 2012			For the six months ended December 31, 2011		For the three months ended December 31, 2011
(in thousands)	Recorded Investment	Unpaid Principal	Related Allowance	Average Recorded Investment	Interest Income Recognized	Average Recorded Investment	Interest Income Recognized
With no related allowance recorded:
Residential mortgage	$213	$276	$-	$213	$-	$213	$-
Nonresidential mortgage	1,148	1,148	-	459	21	459	17
Multi-family	433	433	-	-	-	-	-
Total loans with no related allowance	1,794	1,857	-	672	21	672	17
With an allowance recorded:
Residential mortgage	200	200	10	46	2	46	1
Nonresidential mortgage	648	648	208	971	13	823	7
Commercial construction	1,075	1,075	365	-	-	-	-
Multi-family	428	428	155	433	12	432	6
Commercial loans	562	562	35	500	17	500	8
Total loans with related allowance	2,913	2,913	773	1,950	44	1,801	22
Total impaired loans:
Residential mortgage	413	476	10	259	2	259	1
Nonresidential mortgage	1,796	1,796	208	1,430	34	1,282	24
Commercial construction	1,075	1,075	365	-	-	-	-
Multi-family	861	861	155	433	12	432	6
Commercial loans	562	562	35	500	17	500	8
Total impaired loans	$4,707	$4,770	$773	$2,622	$65	$2,473	$39

Activity and Allocation of Allowance For Loan Losses [Table Text Block]

The following tables set forth the activity and allocation of the allowance for loan losses by loan category during and at the periods indicated. The allowance is allocated to each loan category based on historical loss experience, current economic conditions, and other considerations.

Activity for the three months ended December 31, 2012

(In thousands)	Balance September 30, 2012	Charge-offs	Recoveries	Provision	Balance December 31, 2012
Residential mortgage	$2,350	$234	$-	$313	$2,429
Nonresidential mortgage	2,104	20	-	162	2,246
Residential construction & land	43	-	-	-	43
Commercial construction	364	-	-	27	391
Multi-family	293	-	-	(7)	286
Home equity	369	-	-	(8)	361
Consumer installment	257	62	18	68	281
Commercial loans	684	15	-	58	727
Unallocated	72	-	-	(72)	-
Total	$6,536	$331	$18	$541	$6,764

Activity for the six months ended December 31, 2012

(In thousands)	Balance June 30, 2012	Charge-offs	Recoveries	Provision	Balance December 31, 2012
Residential mortgage	$2,163	$273	$-	$539	$2,429
Nonresidential mortgage	2,076	20	-	190	2,246
Residential construction & land	19	-	-	24	43
Commercial construction	407	-	-	(16)	391
Multi-family	337	-	-	(51)	286
Home equity	187	-	-	174	361
Consumer installment	207	132	42	164	281
Commercial loans	645	15	-	97	727
Unallocated	136	-	-	(136)	-
Total	$6,177	$440	$42	$985	$6,764


	Allowance for Loan Loss		Loans Receivable
	Ending Balance December 31, 2012 Impairment Analysis			Ending Balance December 31, 2012 Impairment Analysis
(In thousands)	Individually Evaluated	Collectively Evaluated		Individually Evaluated	Collectively Evaluated
Residential mortgage	$303	$2,126		$2,816	$202,035
Nonresidential mortgage	341	1,905		2,349	83,908
Residential construction & land	-	43		-	3,059
Commercial construction	303	88		1,066	2,422
Multi-family	142	144		888	4,745
Home equity	74	287		386	22,281
Consumer installment	-	281		-	4,306
Commercial loans	3	724		688	22,763
Unallocated	-	-		-	-
Total	$1,166	$5,598		$8,193	$345,519

Activity for the three months ended December 31, 2011

(In thousands)	Balance September 30, 2011	Charge-offs	Recoveries	Provision	Balance December 31, 2011
Residential mortgage	$2,059	$34	$4	$118	$2,147
Nonresidential mortgage	1,920	179	-	206	1,947
Residential construction & land	28	-	-	3	31
Commercial construction	54	-	-	24	78
Multi-family	412	-	-	(4)	408
Home equity	221	-	-	(4)	217
Consumer installment	202	67	16	82	233
Commercial loans	557	-	2	(3)	556
Total	$5,453	$280	$22	$422	$5,617

Activity for the six months ended December 31, 2011

(In thousands)	Balance June 30, 2011	Charge-offs	Recoveries	Provision	Balance December 31, 2011
Residential mortgage	$1,767	$58	$4	$434	$2,147
Nonresidential mortgage	1,859	212	-	300	1,947
Residential construction & land	27	-	-	4	31
Commercial construction	89	-	-	(11)	78
Multi-family	410	-	-	(2)	408
Home equity	186	-	-	31	217
Consumer installment	203	118	34	114	233
Commercial loans	528	-	2	26	556
Total	$5,069	$388	$40	$896	$5,617


	Allowance for Loan Loss			Loans Receivable
	Ending Balance June 30, 2012 Impairment Analysis		Ending Balance June 30, 2012 Impairment Analysis
(In thousands)	Individually Evaluated	Collectively Evaluated	Individually Evaluated		Collectively Evaluated
Residential mortgage	$10	$2,153	$413		$192,965
Nonresidential mortgage	208	1,868	1,796		78,998
Residential construction & land	-	19	-		2,156
Commercial construction	365	42	1,075		959
Multi-family	155	182	861		4,661
Home equity	-	187	-		22,808
Consumer installment	-	207	-		4,070
Commercial loans	35	610	562		21,126
Unallocated	-	136	-		-
Total	$773	$5,404	$4,707		$327,743

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The table below details loans that have been modified as a troubled debt restructuring during the three and six months ended December 31, 2012:


		As of December 31, 2012
(dollars in thousands)	Number of Contracts		Pre-Modification Outstanding Recorded Investment	Post-Modification Outstanding Recorded Investment	Current Outstanding Recorded Investment
Residential mortgage	1		$246	$261	$261