Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Mar. 31, 2014

Loans and Allowance for Loan Losses [Abstract]

Loan Balances by Internal Credit Quality Indicator

Loan balances by internal credit quality indicator as of March 31, 2014 are shown below.

(In thousands)	Performing		Watch		Special Mention		Substandard		Total
Residential mortgage	$	221,735	$	128	$	298	$	4,149	$	226,310
Nonresidential mortgage		102,830		-		3,240		1,934		108,004
Residential construction and land		3,229		-		-		-		3,229
Commercial construction		2,517		-		-		-		2,517
Multi-family		3,998		-		-		114		4,112
Home equity		20,154		-		-		339		20,493
Consumer installment		4,075		-		-		3		4,078
Commercial loans		28,975		-		583		706		30,264
Total gross loans	$	387,513	$	128	$	4,121	$	7,245	$	399,007

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 March 31, 2014:

(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	$	174	$	744	$	2,433	$	3,351	$	222,959	$	226,310	$	3,319
Nonresidential mortgage		1,724		785		1,062		3,571		104,433		108,004		1,937
Residential construction and land		-		-		-		-		3,229		3,229		-
Commercial construction		-		-		-		-		2,517		2,517		-
Multi-family		-		-		-		-		4,112		4,112		-
Home equity		52		96		221		369		20,124		20,493		243
Consumer installment		44		2		1		47		4,031		4,078		1
Commercial loans		150		605		204		959		29,305		30,264		311
Total gross loans	$	2,144	$	2,232	$	3,921	$	8,297	$	390,710	$	399,007	$	5,811

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 nine and three months ended March 31:

	For the nine months ended March 31,				For the three months ended March 31,
(In thousands)	2014		2013		2014		2013
Interest income that would have been recorded if loans had been performing in accordance with original terms	$	389	$	398	$	181	$	123
Interest income that was recorded on nonaccrual loans		92		180		28		54

Impaired Loans By Loan Portfolio Class

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

	As of March 31, 2014						For the nine months ended March 31, 2014				For the three months ended March 31, 2014
(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	$	284	$	284	$	-	$	355	$	7	$	267	$	6
Nonresidential mortgage		464		464		-		537		23		513		6
		748		748		-		892		30		780		12
With an allowance recorded:
Residential mortgage		3,066		3,085		580		3,025		45		2,876		15
Nonresidential mortgage		2,821		3,002		391		2,243		37		2,775		17
Commercial construction		-		-		-		467		17		-		-
Multi-family		-		-		-		257		-		-		-
Home equity		200		200		87		133		-		200		-
Commercial loans		605		605		3		607		27		605		7
		6,692		6,892		1,061		6,732		126		6,456		39
Total impaired:
Residential mortgage		3,350		3,369		580		3,380		52		3,143		21
Nonresidential mortgage		3,285		3,466		391		2,780		60		3,288		23
Commercial construction		-		-		-		467		17		-		-
Multi-family		-		-		-		257		-		-		-
Home equity		200		200		87		133		-		200		-
Commercial loans		605		605		3		607		27		605		7
	$	7,440	$	7,640	$	1,061	$	7,624	$	156	$	7,236	$	51

	As of June 30, 2013						For the nine months ended March 31, 2013				For the three months ended  March 31, 2013
(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	$	852	$	852	$	-	$	123	$	14	$	215	$	3
Nonresidential mortgage		783		783		-		1,265		64		1,260		17
Commercial loans		-		-		-		108		13		77		3
		1,635		1,635		-		1,496		91		1,552		23
With an allowance recorded:
Residential mortgage		2,582		2,632		520		2,552		55		2,651		17
Nonresidential mortgage		1,339		1,339		305		1,015		22		1,085		14
Commercial construction		1,057		1,057		331		1,068		35		1,063		7
Multi-family		463		463		16		885		22		886		6
Home equity		-		-		-		257		4		-		-
Commercial loans		610		610		7		572		29		571		9
		6,051		6,101		1,179		6,349		167		6,256		53
Total impaired:											``
Residential mortgage		3,434		3,484		520		2,675		69		2,866		20
Nonresidential mortgage		2,122		2,122		305		2,280		86		2,345		31
Commercial construction		1,057		1,057		331		1,068		35		1,063		7
Multi-family		463		463		16		885		22		886		6
Home equity		-		-		-		257		4		-		-
Commercial loans		610		610		7		680		42		648		12
	$	7,686	$	7,736	$	1,179	$	7,845	$	258	$	7,808	$	76

Troubled Debt Restructurings on Financing Receivables

The table below details loans that have been modified as a troubled debt restructuring during the nine and three month periods ended March 31, 2014 and 2013.

(Dollars in thousands)	Number of  Contracts		Pre-Modification Outstanding Recorded Investment		Post-Modification Outstanding Recorded Investment		Current Outstanding Recorded Investment
Nine months ended March 31, 2014
Residential mortgage		2	$	367	$	367	$	361
Nonresidential mortgage		5		1,789		1,848		1,837
Nine months ended March 31, 2013
Residential mortgage		1		246		261		261
Three months ended March 31, 2014
Nonresidential mortgage		2	$	142	$	160	$	159
Three months ended March 31, 2013
Residential mortgage		-		-		-		-

Troubled Debt Restructurings, Subsequently Defaulted

The table below details loans that have been modified as troubled debt restructurings during the previous twelve months which have subsequently defaulted during the nine months ended March 31, 2014:

(Dollars in thousands)	Number of Contracts		Recorded Investment		Allowance for Loan Loss
Nine months ended March 31, 2014
Residential mortgage		2	$	284	$	65
Nonresidential mortgage		1		460		120

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 nine months ended March 31, 2014

(In thousands)	Balance at June 30, 2013		Charge-offs		Recoveries		Provision			Balance at March 31, 2014
Residential mortgage	$	2,627	$	344	$	1	$	456		$	2,740
Nonresidential mortgage		2,476		87		-		456			2,845
Residential construction and land		37		-		-		8			45
Commercial construction		392		-		-		(330	)		62
Multi-family		139		24		7		(61	)		61
Home equity		275		44		-		141			372
Consumer installment		222		171		55		98			204
Commercial loans		809		205		4		182			790
Unallocated		63		-		-		159			222
Total	$	7,040	$	875	$	67	$	1,109		$	7,341

Activity for the three months ended March 31, 2014

(In thousands)	Balance at December 31, 2013		Charge-offs		Recoveries		Provision			Balance at March 31, 2014
Residential mortgage	$	2,772	$	62	$	1	$	29		$	2,740
Nonresidential mortgage		2,740		-		-		105			2,845
Residential construction and land		47		-		-		(2	)		45
Commercial construction		86		-		-		(24	)		62
Multi-family		107		-		7		(53	)		61
Home equity		360		36		-		48			372
Consumer installment		243		51		23		(11	)		204
Commercial loans		773		-		-		17			790
Unallocated		43		-		-		179			222
Total	$	7,171	$	149	$	31	$	288		$	7,341

	Allowance for Loan Losses				Loans Receivable
	Ending Balance March 31, 2014 Impairment Analysis				Ending Balance March 31, 2014 Impairment Analysis
(In thousands)	Individually Evaluated		Collectively Evaluated		Individually Evaluated		Collectively Evaluated
Residential mortgage	$	580	$	2,160	$	3,350	$	222,960
Nonresidential mortgage		391		2,454		3,285		104,719
Residential construction and land		-		45		-		3,229
Commercial construction		-		62		-		2,517
Multi-family		-		61		-		4,112
Home equity		87		285		200		20,293
Consumer installment		-		204		-		4,078
Commercial loans		3		787		605		29,659
Unallocated		-		222		-		-
Total	$	1,061	$	6,280	$	7,440	$	391,567

Activity for the nine months ended March 31, 2013

(In thousands)	Balance at June 30, 2012		Charge-offs		Recoveries		Provision			Balance at March 31, 2013
Residential mortgage	$	2,163	$	286	$	-	$	613		$	2,490
Nonresidential mortgage		2,076		139		-		368			2,305
Residential construction and land		19		-		-		9			28
Commercial construction		407		-		-		8			415
Multi-family		337		-		-		(72	)		265
Home equity		187		-		-		90			277
Consumer installment		207		201		70		127			203
Commercial loans		645		15		-		144			774
Unallocated		136		-		-		29			165
Total	$	6,177	$	641	$	70	$	1,316		$	6,922

Activity for the three months ended March 31, 2013

(In thousands)	Balance at December 31, 2012		Charge-offs		Recoveries		Provision			Balance at March 31, 2013
Residential mortgage	$	2,429	$	13	$	-	$	74		$	2,490
Nonresidential mortgage		2,246		119		-		178			2,305
Residential construction and land		43		-		-		(15	)		28
Commercial construction		391		-		-		24			415
Multi-family		286		-		-		(21	)		265
Home equity		361		-		-		(84	)		277
Consumer installment		281		69		28		(37	)		203
Commercial loans		727		-		-		47			774
Unallocated		-		-		-		165			165
Total	$	6,764	$	201	$	28	$	331		$	6,922

	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