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Credit Quality of Loans and Allowance for Loan Losses (Tables)
 3 Months Ended
Sep. 30, 2013
Credit Quality of Loans and Allowance for Loan Losses [Abstract]  
Loan Balances by Internal Credit Quality Indicator
Loan balances by internal credit quality indicator as of September 30, 2013 are shown below.
 
(In thousands)
 
Performing
  
Watch
  
Special Mention
  
Substandard
  
Total
 
Residential mortgage
 
$
216,915
  
$
445
  
$
301
  
$
4,787
  
$
222,448
 
Nonresidential mortgage
  
92,037
   
-
   
2,182
   
2,027
   
96,246
 
Residential construction and land
  
3,322
   
-
   
-
   
-
   
3,322
 
Commercial construction
  
1,352
   
-
   
-
   
1,050
   
2,402
 
Multi-family
  
4,033
   
-
   
-
   
724
   
4,757
 
Home equity
  
20,578
   
25
   
22
   
253
   
20,878
 
Consumer installment
  
4,203
   
2
   
-
   
6
   
4,211
 
Commercial loans
  
24,954
   
2
   
501
   
709
   
26,166
 
Total gross loans
 
$
367,394
  
$
474
  
$
3,006
  
$
9,556
  
$
380,430
 

Loan balances by internal credit quality indicator as of June 30, 2013 are shown below.
 
(In thousands)
 
Performing
  
Watch
  
Special Mention
  
Substandard
  
Total
 
Residential mortgage
 
$
207,606
  
$
294
  
$
302
  
$
4,324
  
$
212,526
 
Nonresidential mortgage
  
87,509
   
-
   
2,197
   
1,776
   
91,482
 
Residential construction and land
  
2,691
   
-
   
-
   
-
   
2,691
 
Commercial construction
  
2,466
   
-
   
-
   
1,057
   
3,523
 
Multi-family
  
4,785
   
-
   
-
   
726
   
5,511
 
Home equity
  
20,099
   
221
   
23
   
28
   
20,371
 
Consumer installment
  
4,073
   
5
   
-
   
-
   
4,078
 
Commercial loans
  
24,454
   
-
   
516
   
687
   
25,657
 
Total gross loans
 
$
353,683
  
$
520
  
$
3,038
  
$
8,598
  
$
365,839
 
Delinquent and Nonaccrual Loans By Past Due Status
The following table sets forth information regarding delinquent and/or nonaccrual loans as of September 30, 2013:
 
(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
 
$
693
  
$
316
  
$
3,975
  
$
4,984
  
$
217,464
  
$
222,448
  
$
4,067
 
Nonresidential mortgage
  
1,160
   
971
   
1,540
   
3,671
   
92,575
   
96,246
   
2,269
 
Residential construction and land
  
-
   
-
   
-
   
-
   
3,322
   
3,322
   
-
 
Commercial construction
  
-
   
-
   
-
   
-
   
2,402
   
2,402
   
-
 
Multi-family
  
143
   
-
   
463
   
606
   
4,151
   
4,757
   
463
 
Home equity
  
8
   
-
   
254
   
262
   
20,616
   
20,878
   
300
 
Consumer installment
  
79
   
2
   
6
   
87
   
4,124
   
4,211
   
6
 
Commercial loans
  
572
   
2
   
206
   
780
   
25,386
   
26,166
   
317
 
Total gross loans
 
$
2,655
  
$
1,291
  
$
6,444
  
$
10,390
  
$
370,040
  
$
380,430
  
$
7,422
 

The following table sets forth information regarding delinquent and/or nonaccrual loans as of June 30, 2013:
 
(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
 
$
1,255
  
$
165
  
$
3,875
  
$
5,295
  
$
207,231
  
$
212,526
  
$
3,599
 
Nonresidential mortgage
  
215
   
978
   
1,655
   
2,848
   
88,634
   
91,482
   
2,018
 
Residential construction and land
  
38
   
-
   
-
   
38
   
2,653
   
2,691
   
-
 
Commercial construction
  
-
   
-
   
-
   
-
   
3,523
   
3,523
   
-
 
Multi-family
  
144
   
-
   
463
   
607
   
4,904
   
5,511
   
463
 
Home equity
  
269
   
221
   
28
   
518
   
19,853
   
20,371
   
51
 
Consumer installment
  
34
   
5
   
-
   
39
   
4,039
   
4,078
   
-
 
Commercial loans
  
530
   
78
   
82
   
690
   
24,967
   
25,657
   
195
 
Total gross loans
 
$
2,485
  
$
1,447
  
$
6,103
  
$
10,035
  
$
355,804
  
$
365,839
  
$
6,326
 
Nonaccrual Loans, Interest Income Data
The table below details additional information related to nonaccrual loans for the three months ended September 30:

(In thousands)
 
2013
  
2012
 
Interest income that would have been recorded if loans had been performing in accordance with original terms
 
$
125
  
$
150
 
Interest income that was recorded on nonaccrual loans
  
29
   
54
 
 
Impaired Loans By Loan Portfolio Class
The tables below detail additional information on impaired loans at the date or periods indicated:
     
 
 
As of September 30, 2013
  
For the quarter ended September 30, 2013
 
(In thousands)
 
Recorded
Investment
  
Unpaid
Principal
  
Related
Allowance
  
Average
Recorded
Investment
  
Interest
Income
Recognized
 
With no related allowance recorded:
  
  
  
 
Residential mortgage
 
$
413
  
$
432
  
$
-
  
$
590
  
$
-
 
Nonresidential mortgage
  
541
   
635
   
-
   
653
   
9
 
 
  
954
   
1,067
   
-
   
1,243
   
9
 
With an allowance recorded:
             
Residential mortgage
  
3,259
   
3,309
   
619
   
3,135
   
15
 
Nonresidential mortgage
  
1,576
   
1,576
   
387
   
1,561
   
8
 
Commercial construction
  
1,050
   
1,050
   
323
   
1,052
   
18
 
Multi-family
  
463
   
463
   
16
   
463
   
-
 
Commercial loans
  
608
   
608
   
7
   
608
   
10
 
 
  
6,956
   
7,006
   
1,352
   
6,819
   
51
 
Total impaired:
                    
Residential mortgage
  
3,672
   
3,741
   
619
   
3,725
   
15
 
Nonresidential mortgage
  
2,117
   
2,211
   
387
   
2,214
   
17
 
Commercial construction
  
1,050
   
1,050
   
323
   
1,052
   
18
 
Multi-family
  
463
   
463
   
16
   
463
   
-
 
Commercial loans
  
608
   
608
   
7
   
608
   
10
 
 
 
$
7,910
  
$
8,073
  
$
1,352
  
$
8,062
  
$
60
 
 
     
 
 
As of June 30, 2013
  
For the quarter ended September 30, 2012
 
(In thousands)
 
Recorded
Investment
  
Unpaid
Principal
  
Related
Allowance
  
Average
Recorded
Investment
  
Interest
Income
Recognized
 
With no related allowance recorded:
  
  
  
 
Residential mortgage
 
$
852
  
$
852
  
$
-
  
$
-
  
$
-
 
Nonresidential mortgage
  
783
   
783
   
-
   
1,270
   
21
 
Commercial loans
  
-
   
-
   
-
   
125
   
-
 
 
  
1,635
   
1,635
   
-
   
1,395
   
21
 
With an allowance recorded:
             
Residential mortgage
  
2,582
   
2,632
   
520
   
2,407
   
15
 
Nonresidential mortgage
  
1,339
   
1,339
   
305
   
967
   
6
 
Commercial construction
  
1,057
   
1,057
   
331
   
1,130
   
17
 
Multi-family
  
463
   
463
   
16
   
881
   
8
 
Home equity
  
-
   
-
   
-
   
386
   
-
 
Commercial loans
  
610
   
610
   
7
   
574
   
10
 
 
  
6,051
   
6,101
   
1,179
   
6,345
   
56
 
Total impaired:
                    
Residential mortgage
  
3,434
   
3,484
   
520
   
2,407
   
15
 
Nonresidential mortgage
  
2,122
   
2,122
   
305
   
2,237
   
27
 
Commercial construction
  
1,057
   
1,057
   
331
   
1,130
   
17
 
Multi-family
  
463
   
463
   
16
   
881
   
8
 
Home equity
  
-
   
-
   
-
   
386
   
-
 
Commercial loans
  
610
   
610
   
7
   
699
   
10
 
 
 
$
7,686
  
$
7,736
  
$
1,179
  
$
7,740
  
$
77
 
Troubled Debt Restructurings on Financing Receivables
The table below details loans that have been modified as a troubled debt restructuring during the quarter ended September 30, 2013.
 
 
 
  
  
  
 
(Dollars in thousands)
 
Number of Contracts
  
Pre-Modification
Outstanding
Recorded Investment
  
Post-Modification
Outstanding
Recorded Investment
  
Current Outstanding
Recorded Investment
 
Residential mortgage
  
2
  
$
367
  
$
367
  
$
365
 
Nonresidential mortgage
  
1
   
442
   
442
   
440
 
Troubled Debt Restructurings, Subsequently Defaulted
The table below details loans that have been modified as a troubled debt restructuring during the previous twelve months which has subsequently defaulted during the three months ended September 30, 2013:

(Dollars in thousands)
 
Number of
Contracts
  
Recorded
Investment
  
Allowance for
Loan Loss
 
Residential mortgage
  
1
  
$
73
  
$
--
 
Nonresidential mortgage
  
1
   
547
   
182
 
Activity and Allocation of Allowance For Loan Losses
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 and economic conditions.

Activity for the quarter ended September 30, 2013
               
(In thousands)
 
Balance at June
30, 2013
  
Charge-offs
  
Recoveries
  
Provision
  
Balance at
September 30,
2013
 
Residential mortgage
 
$
2,627
  
$
77
  
$
-
  
$
8
  
$
2,558
 
Nonresidential mortgage
  
2,476
   
-
   
-
   
146
   
2,622
 
Residential construction and land
  
37
   
-
   
-
   
9
   
46
 
Commercial construction
  
392
   
-
   
-
   
(36
)
  
356
 
Multi-family
  
139
   
-
   
-
   
(29
)
  
110
 
Home equity
  
275
   
-
   
-
   
18
   
293
 
Consumer installment
  
222
   
59
   
15
   
43
   
221
 
Commercial loans
  
809
   
204
   
-
   
217
   
822
 
Unallocated
  
63
   
-
   
-
   
(63
)
  
-
 
Total
 
$
7,040
  
$
340
  
$
15
  
$
313
  
$
7,028
 
 
 
 
Allowance for Loan Losses
  
Loans Receivable
 
 
 
Ending Balance September 30, 2013
Impairment Analysis
  
Ending Balance September 30, 2013
Impairment Analysis
 
(In thousands)
 
Individually
Evaluated
  
Collectively
Evaluated
  
Individually
 Evaluated
  
Collectively
Evaluated
 
Residential mortgage
 
$
619
  
$
1,939
  
$
3,672
  
$
218,776
 
Nonresidential mortgage
  
387
   
2,235
   
2,117
   
94,129
 
Residential construction and land
  
-
   
46
   
-
   
3,322
 
Commercial construction
  
323
   
33
   
1,050
   
1,352
 
Multi-family
  
16
   
94
   
463
   
4,294
 
Home equity
  
-
   
293
   
-
   
20,878
 
Consumer installment
  
-
   
221
   
-
   
4,211
 
Commercial loans
  
7
   
815
   
608
   
25,558
 
Total
 
$
1,352
  
$
5,676
  
$
7,910
  
$
372,520
 

Activity for the quarter ended September 30, 2012
               
(In thousands)
 
Balance at
June 30, 2012
  
Charge-offs
  
Recoveries
  
Provision
  
Balance at September 30, 2012
 
Residential mortgage
 
$
2,163
  
$
39
  
$
-
  
$
226
  
$
2,350
 
Nonresidential mortgage
  
2,076
   
-
   
-
   
28
   
2,104
 
Residential construction and land
  
19
   
-
   
-
   
24
   
43
 
Commercial construction
  
407
   
-
   
-
   
(43
)
  
364
 
Multi-family
  
337
   
-
   
-
   
(44
)
  
293
 
Home equity
  
187
   
-
   
-
   
182
   
369
 
Consumer installment
  
207
   
69
   
23
   
96
   
257
 
Commercial loans
  
645
   
-
   
-
   
39
   
684
 
Unallocated
  
136
   
-
   
-
   
(64
)
  
72
 
Total
 
$
6,177
  
$
108
  
$
23
  
$
444
  
$
6,536
 
 
 
 
Allowance for Loan Losses
  
Loans Receivable
 
 
 
Ending Balance June 30, 2013
Impairment Analysis
  
Ending Balance June 30, 2013
Impairment Analysis
 
(In thousands)
 
Individually
Evaluated
  
Collectively
Evaluated
  
Individually
Evaluated
  
Collectively
Evaluated
 
Residential mortgage
 
$
520
  
$
2,107
  
$
3,434
  
$
209,092
 
Nonresidential mortgage
  
305
   
2,171
   
2,122
   
89,360
 
Residential construction and land
  
-
   
37
   
-
   
2,691
 
Commercial construction
  
331
   
61
   
1,057
   
2,466
 
Multi-family
  
16
   
123
   
463
   
5,048
 
Home equity
  
-
   
275
   
-
   
20,371
 
Consumer installment
  
-
   
222
   
-
   
4,078
 
Commercial loans
  
7
   
802
   
610
   
25,047
 
Unallocated
  
-
   
63
   
-
   
-
 
Total
 
$
1,179
  
$
5,861
  
$
7,686
  
$
358,153