XML 31 R28.htm IDEA: XBRL DOCUMENT v2.4.1.9
Loans and Allowance for Loan Losses (Tables)
 6 Months Ended
Dec. 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 December 31, 2014 are shown below.

(In thousands)
 
Performing
  
Watch
  
Special Mention
  
Substandard
  
Total
 
Residential mortgage
 
$
223,094
  
$
599
  
$
98
  
$
2,971
  
$
226,762
 
Nonresidential mortgage
  
122,660
   
-
   
1,752
   
2,831
   
127,243
 
Residential construction and land
  
3,651
   
-
   
-
   
-
   
3,651
 
Commercial construction
  
5,686
   
-
   
-
   
-
   
5,686
 
Multi-family
  
4,347
   
-
   
-
   
109
   
4,456
 
Home equity
  
20,818
   
33
   
-
   
221
   
21,072
 
Consumer installment
  
4,105
   
-
   
-
   
-
   
4,105
 
Commercial loans
  
35,410
   
4
   
356
   
883
   
36,653
 
Total gross loans
 
$
419,771
  
$
636
  
$
2,206
  
$
7,015
  
$
429,628
 

Loan balances by internal credit quality indicator as of June 30, 2014 are shown below.
 
(In thousands)
 
Performing
  
Watch
  
Special Mention
  
Substandard
  
Total
 
Residential mortgage
 
$
223,772
  
$
221
  
$
99
  
$
3,281
  
$
227,373
 
Nonresidential mortgage
  
109,281
   
-
   
1,789
   
2,996
   
114,066
 
Residential construction and land
  
3,005
   
-
   
-
   
-
   
3,005
 
Commercial construction
  
1,558
   
-
   
-
   
-
   
1,558
 
Multi-family
  
3,946
   
-
   
-
   
113
   
4,059
 
Home equity
  
20,239
   
-
   
-
   
339
   
20,578
 
Consumer installment
  
4,208
   
-
   
-
   
-
   
4,208
 
Commercial loans
  
29,686
   
-
   
385
   
923
   
30,994
 
Total gross loans
 
$
395,695
  
$
221
  
$
2,273
  
$
7,652
  
$
405,841
 
Delinquent and Nonaccrual Loans By Past Due Status
The following table sets forth information regarding delinquent and/or nonaccrual loans as of December 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
 
$
1,088
  
$
616
  
$
1,646
  
$
3,350
  
$
223,412
  
$
226,762
  
$
2,080
 
Nonresidential mortgage
  
865
   
1,576
   
939
   
3,380
   
123,863
   
127,243
   
3,103
 
Residential construction and land
  
-
   
-
   
-
   
-
   
3,651
   
3,651
   
-
 
Commercial construction
  
-
   
-
   
-
   
-
   
5,686
   
5,686
   
-
 
Multi-family
  
-
   
-
   
-
   
-
   
4,456
   
4,456
   
-
 
Home equity
  
304
   
33
   
221
   
558
   
20,514
   
21,072
   
221
 
Consumer installment
  
70
   
-
   
-
   
70
   
4,035
   
4,105
   
-
 
Commercial loans
  
720
   
102
   
200
   
1,022
   
35,631
   
36,653
   
418
 
Total gross loans
 
$
3,047
  
$
2,327
  
$
3,006
  
$
8,380
  
$
421,248
  
$
429,628
  
$
5,822
 

The following table sets forth information regarding delinquent and/or nonaccrual loans as of June 30, 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
 
$
1,047
  
$
290
  
$
1,938
  
$
3,275
  
$
224,098
  
$
227,373
  
$
2,473
 
Nonresidential mortgage
  
-
   
504
   
2,688
   
3,192
   
110,874
   
114,066
   
2,775
 
Residential construction and land
  
-
   
-
   
-
   
-
   
3,005
   
3,005
   
-
 
Commercial construction
  
-
   
-
   
-
   
-
   
1,558
   
1,558
   
-
 
Multi-family
  
-
   
-
   
-
   
-
   
4,059
   
4,059
   
-
 
Home equity
  
260
   
-
   
339
   
599
   
19,979
   
20,578
   
339
 
Consumer installment
  
51
   
-
   
-
   
51
   
4,157
   
4,208
   
-
 
Commercial loans
  
509
   
123
   
278
   
910
   
30,084
   
30,994
   
312
 
Total gross loans
 
$
1,867
  
$
917
  
$
5,243
  
$
8,027
  
$
397,814
  
$
405,841
  
$
5,899
 
Nonaccrual Loans, Interest Income Data
The table below details additional information related to nonaccrual loans for the six and three months ended December 31:

  
For the six months
ended December 31,
  
For the three months
ended December 31
 
(In thousands)
 
2014
  
2013
  
2014
  
2013
 
Interest income that would have been recorded if loans had been performing in accordance with original terms
 
$
199
  
$
208
  
$
71
  
$
83
 
Interest income that was recorded on nonaccrual loans
  
85
   
64
   
39
   
35
 
Impaired Loans By Loan Portfolio Class
The tables below detail additional information on impaired loans at the date or periods indicated:
 
  
As of December 31, 2014
  
For the six months ended
December 31, 2014
  
For the three months ended
December 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
 
$
671
  
$
671
  
$
-
  
$
672
  
$
13
  
$
672
  
$
10
 
Nonresidential mortgage
  
453
   
453
   
-
   
457
   
13
   
455
   
6
 
Home equity
  
-
   
-
   
-
   
80
   
-
   
64
   
-
 
   
1,124
   
1,124
   
-
   
1,209
   
26
   
1,191
   
16
 
With an allowance recorded:
                            
Residential mortgage
  
2,124
   
2,124
   
363
   
2,669
   
47
   
2,450
   
16
 
Nonresidential mortgage
  
2,416
   
2,803
   
333
   
2,476
   
42
   
2,429
   
-
 
Home equity
  
200
   
200
   
90
   
200
   
-
   
200
   
-
 
Commercial loans
  
599
   
599
   
3
   
600
   
20
   
599
   
10
 
   
5,339
   
5,726
   
789
   
5,945
   
109
   
5,678
   
26
 
Total impaired:
                            
Residential mortgage
  
2,795
   
2,795
   
363
   
3,341
   
60
   
3,122
   
26
 
Nonresidential mortgage
  
2,869
   
3,256
   
333
   
2,933
   
55
   
2,884
   
6
 
Home equity
  
200
   
200
   
90
   
280
   
-
   
264
   
-
 
Commercial loans
  
599
   
599
   
3
   
600
   
20
   
599
   
10
 
  
$
6,463
  
$
6,850
  
$
789
  
$
7,154
  
$
135
  
$
6,869
  
$
42
 
 
  
As of June 30, 2014
  
For the six months ended
December 31, 2013
  
For the three months ended
December 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
 
$
206
  
$
206
  
$
-
  
$
399
  
$
1
  
$
207
  
$
1
 
Nonresidential mortgage
  
461
   
461
   
-
   
596
   
17
   
539
   
8
 
Home equity
  
96
   
96
   
-
   
-
   
-
   
-
   
-
 
   
763
   
763
   
-
   
995
   
18
   
746
   
9
 
With an allowance recorded:
                     
Residential mortgage
  
2,700
   
2,790
   
441
   
3,100
   
30
   
3,065
   
15
 
Nonresidential mortgage
  
2,572
   
2,959
   
338
   
1,992
   
20
   
2,423
   
12
 
Commercial construction
  
-
   
-
   
-
   
701
   
17
   
350
   
-
 
Multi-family
  
-
   
-
   
-
   
386
   
-
   
308
   
-
 
Home equity
  
200
   
200
   
87
   
100
   
-
   
200
   
-
 
Commercial loans
  
603
   
603
   
3
   
607
   
20
   
607
   
10
 
   
6,075
   
6,552
   
869
   
6,886
   
87
   
6,953
   
37
 
Total impaired:
                            
Residential mortgage
  
2,906
   
2,996
   
441
   
3,499
   
31
   
3,272
   
16
 
Nonresidential mortgage
  
3,033
   
3,420
   
338
   
2,588
   
37
   
2,962
   
20
 
Commercial construction
  
-
   
-
   
-
   
701
   
17
   
350
   
-
 
Multi-family
  
-
   
-
   
-
   
386
   
-
   
308
   
-
 
Home equity
  
296
   
296
   
87
   
100
   
-
   
200
   
-
 
Commercial loans
  
603
   
603
   
3
   
607
   
20
   
607
   
10
 
  
$
6,838
  
$
7,315
  
$
869
  
$
7,881
  
$
105
  
$
7,699
  
$
46
 
Troubled Debt Restructurings on Financing Receivables
The table below details loans that have been modified as a troubled debt restructuring during the six and three month periods ended December 31, 2014 and 2013.
 
(Dollars in thousands)
 
Number of Contracts
  
Pre-Modification
Outstanding
Recorded
Investment
  
Post-Modification
Outstanding
Recorded
Investment
  
Current Outstanding Recorded Investment
 
Six months ended December 31, 2014
        
Residential mortgage
  
1
  
$
164
  
$
184
  
$
184
 
                 
Six months ended December 31, 2013
                
Residential mortgage
  
2
  
$
367
  
$
367
  
$
362
 
Nonresidential mortgage
  
3
   
1,647
   
1,688
   
1,683
 
                 
Three months ended December 31, 2014
                
Residential mortgage
  
1
  
$
164
  
$
184
  
$
184
 
                 
Three months ended December 31, 2013
                
Nonresidential mortgage
  
2
  
$
1,205
  
$
1,246
  
$
1,245
 
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 six and three months ended December 31, 2013:

(Dollars in thousands)
 
Number of Contracts
  
Recorded Investment
  
Allowance for Loan Loss
 
Six months ended December 31, 2013
      
Residential mortgage
  
2
  
$
284
  
$
57
 
Nonresidential mortgage
  
1
   
460
   
109
 
             
Three months ended December 31, 2013
            
Residential mortgage
  
1
  
$
211
  
$
57
 
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 three months ended December 31, 2014
 
(In thousands)
 
Balance at
September 30, 2014
  
Charge-offs
  
Recoveries
  
Provision
  
Balance at
December 31, 2014
 
Residential mortgage
 
$
2,647
  
$
168
  
$
-
  
$
110
  
$
2,589
 
Nonresidential mortgage
  
3,164
   
-
   
-
   
303
   
3,467
 
Residential construction and land
  
41
   
-
   
-
   
10
   
51
 
Commercial construction
  
109
   
-
   
-
   
39
   
148
 
Multi-family
  
45
   
-
   
-
   
(1
)
  
44
 
Home equity
  
376
   
-
   
-
   
(4
)
  
372
 
Consumer installment
  
243
   
66
   
5
   
62
   
244
 
Commercial loans
  
831
   
6
   
6
   
50
   
881
 
Unallocated
  
264
   
-
   
-
   
(264
)
  
-
 
Total
 
$
7,720
  
$
240
  
$
11
  
$
305
  
$
7,796
 

  
Activity for the six months ended December 31, 2014
 
(In thousands)
 
Balance at
June 30, 2014
  
Charge-offs
  
Recoveries
  
Provision
  
Balance at
December 31, 2014
 
Residential mortgage
 
$
2,731
  
$
242
  
$
-
  
$
100
  
$
2,589
 
Nonresidential mortgage
  
2,936
   
-
   
-
   
531
   
3,467
 
Residential construction and land
  
42
   
-
   
-
   
9
   
51
 
Commercial construction
  
38
   
-
   
-
   
110
   
148
 
Multi-family
  
59
   
-
   
-
   
(15
)
  
44
 
Home equity
  
361
   
-
   
-
   
11
   
372
 
Consumer installment
  
240
   
121
   
24
   
101
   
244
 
Commercial loans
  
811
   
6
   
6
   
70
   
881
 
Unallocated
  
201
   
-
   
-
   
(201
)
  
-
 
Total
 
$
7,419
  
$
369
  
$
30
  
$
716
  
$
7,796
 
 
  
Allowance for Loan Losses
  
Loans Receivable
 
  
Ending Balance
December 31, 2014
Impairment Analysis
  
Ending Balance
December 31, 2014
Impairment Analysis
 
(In thousands)
 
Individually
Evaluated
  
Collectively Evaluated
  
Individually Evaluated
  
Collectively Evaluated
 
Residential mortgage
 
$
363
  
$
2,226
  
$
2,795
  
$
223,967
 
Nonresidential mortgage
  
333
   
3,134
   
2,869
   
124,374
 
Residential construction and land
  
-
   
51
   
-
   
3,651
 
Commercial construction
  
-
   
148
   
-
   
5,686
 
Multi-family
  
-
   
44
   
-
   
4,456
 
Home equity
  
90
   
282
   
200
   
20,872
 
Consumer installment
  
-
   
244
   
-
   
4,105
 
Commercial loans
  
3
   
878
   
599
   
36,054
 
Unallocated
  
-
   
-
   
-
   
-
 
Total
 
$
789
  
$
7,007
  
$
6,463
  
$
423,165
 
 
 
Activity for the three months ended December 31, 2013
 
(In thousands)
 
Balance at
September 30, 2013
  
Charge-offs
  
Recoveries
  
Provision
  
Balance at
December 31, 2013
 
Residential mortgage
 
$
2,558
  
$
205
  
$
-
  
$
419
  
$
2,772
 
Nonresidential mortgage
  
2,622
   
87
   
-
   
205
   
2,740
 
Residential construction and land
  
46
   
-
   
-
   
1
   
47
 
Commercial construction
  
356
   
-
   
-
   
(270
)
  
86
 
Multi-family
  
110
   
24
   
-
   
21
   
107
 
Home equity
  
293
   
8
   
-
   
75
   
360
 
Consumer installment
  
221
   
61
   
17
   
66
   
243
 
Commercial loans
  
822
   
1
   
4
   
(52
)
  
773
 
Unallocated
  
-
   
-
   
-
   
43
   
43
 
Total
 
$
7,028
  
$
386
  
$
21
  
$
508
  
$
7,171
 

  
Activity for the six months ended December 31, 2013
 
(In thousands)
 
Balance at
June 30, 2013
  
Charge-offs
  
Recoveries
  
Provision
  
Balance at
December 31, 2013
 
Residential mortgage
 
$
2,627
  
$
282
  
$
-
  
$
427
  
$
2,772
 
Nonresidential mortgage
  
2,476
   
87
   
-
   
351
   
2,740
 
Residential construction and land
  
37
   
-
   
-
   
10
   
47
 
Commercial construction
  
392
   
-
   
-
   
(306
)
  
86
 
Multi-family
  
139
   
24
   
-
   
(8
)
  
107
 
Home equity
  
275
   
8
   
-
   
93
   
360
 
Consumer installment
  
222
   
120
   
32
   
109
   
243
 
Commercial loans
  
809
   
205
   
4
   
165
   
773
 
Unallocated
  
63
   
-
   
-
   
(20
)
  
43
 
Total
 
$
7,040
  
$
726
  
$
36
  
$
821
  
$
7,171
 
 
  
Allowance for Loan Losses
  
Loans Receivable
 
  
Ending Balance
June 30, 2014
Impairment Analysis
  
Ending Balance
June 30, 2014
Impairment Analysis
 
(In thousands)
 
Individually
Evaluated
  
Collectively
Evaluated
  
Individually
Evaluated
  
Collectively
Evaluated
 
Residential mortgage
 
$
441
  
$
2,290
  
$
2,906
  
$
224,467
 
Nonresidential mortgage
  
338
   
2,598
   
3,033
   
111,033
 
Residential construction and land
  
-
   
42
   
-
   
3,005
 
Commercial construction
  
-
   
38
   
-
   
1,558
 
Multi-family
  
-
   
59
   
-
   
4,059
 
Home equity
  
87
   
274
   
296
   
20,282
 
Consumer installment
  
-
   
240
   
-
   
4,208
 
Commercial loans
  
3
   
808
   
603
   
30,391
 
Unallocated
  
-
   
201
   
-
   
-
 
Total
 
$
869
  
$
6,550
  
$
6,838
  
$
399,003