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Loans (Tables)
 12 Months Ended
Jun. 30, 2015
Loans [Abstract]  
Major Loan Segments and Classes
Loan segments and classes at June 30, 2015 and 2014 are summarized as follows:
  
At June 30,
 
(In thousands)
 
2015
  
2014
 
Residential real estate:
    
Residential real estate
 
$
226,648
  
$
227,373
 
Residential construction and land
  
3,621
   
3,005
 
Multi-family
  
4,287
   
4,059
 
Commercial real estate:
        
Commercial real estate
  
142,323
   
114,066
 
Commercial construction
  
8,936
   
1,558
 
Consumer loan:
        
Home equity
  
21,019
   
20,578
 
Consumer installment
  
4,123
   
4,208
 
Commercial loans
  
39,798
   
30,994
 
Total gross loans
  
450,755
   
405,841
 
Allowance for loan losses
  
(8,142
)
  
(7,419
)
Deferred fees and costs
  
883
   
887
 
Loans receivable, net
 
$
443,496
  
$
399,309
 
Loan Balances by Internal Credit Quality Indicator
Loan balances by internal credit quality indicator as of June 30, 2015 are shown below.

(In thousands)
 
Performing
  
Watch
  
Special Mention
  
Substandard
  
Total
 
Residential real estate
 
$
224,195
  
$
638
  
$
97
  
$
1,718
  
$
226,648
 
Residential construction and land
  
3,621
   
-
   
-
   
-
   
3,621
 
Multi-family
  
4,182
   
-
   
-
   
105
   
4,287
 
Commercial real estate
  
138,468
   
-
   
986
   
2,869
   
142,323
 
Commercial construction
  
8,936
   
-
   
-
   
-
   
8,936
 
Home equity
  
20,731
   
-
   
15
   
273
   
21,019
 
Consumer installment
  
4,117
   
6
   
-
   
-
   
4,123
 
Commercial loans
  
38,334
   
-
   
844
   
620
   
39,798
 
Total gross loans
 
$
442,584
  
$
644
  
$
1,942
  
$
5,585
  
$
450,755
 

Loan balances by internal credit quality indicator as of June 30, 2014 are shown below.

(In thousands)
 
Performing
  
Watch
  
Special Mention
  
Substandard
  
Total
 
Residential real estate
 
$
223,772
  
$
221
  
$
99
  
$
3,281
  
$
227,373
 
Residential construction and land
  
3,005
   
-
   
-
   
-
   
3,005
 
Multi-family
  
3,946
   
-
   
-
   
113
   
4,059
 
Commercial real estate
  
109,281
   
-
   
1,789
   
2,996
   
114,066
 
Commercial construction
  
1,558
   
-
   
-
   
-
   
1,558
 
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 June 30, 2015:

(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 real estate
 
$
1,233
  
$
329
  
$
785
  
$
2,347
  
$
224,301
  
$
226,648
  
$
1,087
 
Residential construction and land
  
28
   
-
   
-
   
28
   
3,593
   
3,621
   
-
 
Multi-family
  
-
   
-
   
-
   
-
   
4,287
   
4,287
   
-
 
Commercial real estate
  
339
   
1
   
1,132
   
1,472
   
140,851
   
142,323
   
2,964
 
Commercial construction
  
-
   
-
   
-
   
-
   
8,936
   
8,936
   
-
 
Home equity
  
244
   
-
   
33
   
277
   
20,742
   
21,019
   
169
 
Consumer installment
  
25
   
6
   
-
   
31
   
4,092
   
4,123
   
-
 
Commercial loans
  
-
   
-
   
175
   
175
   
39,623
   
39,798
   
388
 
Total gross loans
 
$
1,869
  
$
336
  
$
2,125
  
$
4,330
  
$
446,425
  
$
450,755
  
$
4,608
 

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 real estate
 
$
1,047
  
$
290
  
$
1,938
  
$
3,275
  
$
224,098
  
$
227,373
  
$
2,473
 
Residential construction and land
  
-
   
-
   
-
   
-
   
3,005
   
3,005
   
-
 
Multi-family
  
-
   
-
   
-
   
-
   
4,059
   
4,059
   
-
 
Commercial real estate
  
-
   
504
   
2,688
   
3,192
   
110,874
   
114,066
   
2,775
 
Commercial construction
  
-
   
-
   
-
   
-
   
1,558
   
1,558
   
-
 
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 years ended June 30,
 
(In thousands)
 
2015
  
2014
 
Interest income that would have been recorded if loans had been performing in accordance with original terms
 
$
340
  
$
352
 
Interest income that was recorded on nonaccrual loans
  
250
   
128
 
Impaired Loans By Loan Portfolio Class
The tables below detail additional information on impaired loans at the date or periods indicated:

  
As of June 30, 2015
  
For the year ended June 30, 2015
 
(In thousands)
 
Recorded Investment
  
Unpaid Principal
  
Related Allowance
  
Average Recorded Investment
  
Interest Income Recognized
 
With no related allowance recorded:
       
Residential real estate
 
$
432
  
$
432
  
$
-
  
$
508
  
$
27
 
Commercial real estate
  
1,206
   
1,412
   
-
   
1,000
   
45
 
Home equity
  
154
   
154
   
-
   
70
   
1
 
Commercial loans
  
-
   
-
   
-
   
208
   
14
 
Total impaired loans with no allowance
  
1,792
   
1,998
   
-
   
1,786
   
87
 
                                    
With an allowance recorded:
                    
Residential real estate
  
1,411
   
1,411
   
263
   
2,176
   
80
 
Commercial real estate
  
895
   
895
   
187
   
1,675
   
61
 
Home equity
  
-
   
-
   
-
   
154
   
-
 
Commercial loans
  
93
   
93
   
1
   
348
   
23
 
Total impaired loans with allowance
  
2,399
   
2,399
   
451
   
4,353
   
164
 
                     
Total impaired loans:
                    
Residential real estate
  
1,843
   
1,843
   
263
   
2,684
   
107
 
Commercial real estate
  
2,101
   
2,307
   
187
   
2,675
   
106
 
Home equity
  
154
   
154
   
-
   
224
   
1
 
Commercial loans
  
93
   
93
   
1
   
556
   
37
 
Total impaired loans
 
$
4,191
  
$
4,397
  
$
451
  
$
6,139
  
$
251
 
 
  
As of June 30, 2014
  
For the year ended June 30, 2014
 
(In thousands)
 
Recorded Investment
  
Unpaid Principal
  
Related Allowance
  
Average Recorded Investment
  
Interest Income Recognized
 
With no related allowance recorded:
       
Residential real estate
 
$
206
  
$
206
  
$
-
  
$
330
  
$
14
 
Commercial real estate
  
461
   
461
   
-
   
518
   
29
 
Home equity
  
96
   
96
   
-
   
24
   
3
 
Total impaired loans with no allowance
  
763
   
763
   
-
   
872
   
46
 
                                  
With an allowance recorded:
                    
Residential real estate
  
2,700
   
2,790
   
441
   
2,978
   
64
 
Multi-family
  
-
   
-
   
-
   
193
   
-
 
Commercial real estate
  
2,572
   
2,959
   
338
   
2,346
   
63
 
Commercial construction
  
-
   
-
   
-
   
350
   
17
 
Home equity
  
200
   
200
   
87
   
150
   
-
 
Commercial loans
  
603
   
603
   
3
   
606
   
39
 
Total impaired loans with allowance
  
6,075
   
6,552
   
869
   
6,623
   
183
 
                     
Total impaired loans
                    
Residential real estate
  
2,906
   
2,996
   
441
   
3,308
   
78
 
Multi-family
  
-
   
-
   
-
   
193
   
-
 
Commercial real estate
  
3,033
   
3,420
   
338
   
2,864
   
92
 
Commercial construction
  
-
   
-
   
-
   
350
   
17
 
Home equity
  
296
   
296
   
87
   
174
   
3
 
Commercial loans
  
603
   
603
   
3
   
606
   
39
 
Total impaired loans
 
$
6,838
  
$
7,315
  
$
869
  
$
7,495
  
$
229
 
Troubled Debt Restructurings on Financing Receivables
The table below details loans that have been modified as a troubled debt restructuring during the year ended June 30, 2015.

(Dollars in thousands)
 
Number of Contracts
    
Pre-Modification
Outstanding
Recorded Investment
     
Post-Modification
Outstanding
Recorded Investment
     
Current Outstanding
Recorded Investment
 
Residential real estate
  
1
  
$
164
  
$
184
  
$
183
 
The table below details loans that have been modified as a troubled debt restructuring during the year ended June 30, 2014.

(Dollars in thousands)
 
Number of Contracts
  
Pre-Modification
Outstanding
Recorded Investment
   
Post-Modification
Outstanding
Recorded Investment
   
Current Outstanding
Recorded Investment
 
Residential real estate
  
3
  
$
575
  
$
575
  
$
566
 
Commercial real estate
  
5
   
1,789
   
1,848
   
1,589
 
Troubled Debt Restructurings, Subsequently Defaulted
The table below details loans that have been modified as troubled debt restructurings during the twelve months prior to June 30, 2014 which have subsequently defaulted during the year ended June 30, 2014:

(Dollars in thousands)
 
Number of Contracts
  
Recorded Investment
  
Allowance for
Loan Loss
 
Residential real estate
  
2
  
$
284
  
$
65
 
Commercial real estate
  
2
   
894
   
192
 
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 class during and at the periods indicated.  The allowance is allocated to each loan class based on historical loss experience, current economic conditions, and other considerations.
 
  
Activity for the year ended June 30, 2015
 
(In thousands)
 
Balance June 30,
2014
  
Charge-offs
  
Recoveries
  
Provision
  
Balance June 30,
2015
 
Residential real estate
 
$
2,731
  
$
390
  
$
6
  
$
107
  
$
2,454
 
Residential construction and land
  
42
   
-
   
-
   
8
   
50
 
Multi-family
  
59
   
-
   
-
   
(19
)
  
40
 
Commercial real estate
  
2,936
   
133
   
-
   
896
   
3,699
 
Commercial construction
  
38
   
-
   
-
   
195
   
233
 
Home equity
  
361
   
121
   
-
   
74
   
314
 
Consumer installment
  
240
   
236
   
61
   
158
   
223
 
Commercial loans
  
811
   
48
   
28
   
338
   
1,129
 
Unallocated
  
201
   
-
   
-
   
(201
)
  
-
 
Total
 
$
7,419
  
$
928
  
$
95
  
$
1,556
  
$
8,142
 

  
Allowance for Loan Losses
  
Loans Receivable
 
  
Ending Balance June 30, 2015
Impairment Analysis
  
Ending Balance June 30, 2015 Impairment Analysis
 
(In thousands)
 
Individually
Evaluated
  
Collectively
Evaluated
  
Individually
Evaluated
  
Collectively
Evaluated
 
Residential real estate
 
$
263
  
$
2,191
  
$
1,843
  
$
224,805
 
Residential construction and land
  
-
   
50
   
-
   
3,621
 
Multi-family
  
-
   
40
   
-
   
4,287
 
Commercial real estate
  
187
   
3,512
   
2,101
   
140,222
 
Commercial construction
  
-
   
233
   
-
   
8,936
 
Home equity
  
-
   
314
   
154
   
20,865
 
Consumer installment
  
-
   
223
   
-
   
4,123
 
Commercial loans
  
1
   
1,128
   
93
   
39,705
 
Unallocated
  
-
   
-
   
-
   
-
 
Total
 
$
451
  
$
7,691
  
$
4,191
  
$
446,564
 

  
Activity for the year ended June 30, 2014
 
(In thousands)
 
Balance June 30,
2013
  
Charge-offs
  
Recoveries
  
Provision
  
Balance June 30,
2014
 
Residential real estate
 
$
2,627
  
$
420
  
$
10
  
$
514
  
$
2,731
 
Residential construction and land
  
37
   
-
   
-
   
5
   
42
 
Multi-family
  
139
   
24
   
7
   
(63
)
  
59
 
Commercial real estate
  
2,476
   
309
   
-
   
769
   
2,936
 
Commercial construction
  
392
   
-
   
-
   
(354
)
  
38
 
Home equity
  
275
   
44
   
-
   
130
   
361
 
Consumer installment
  
222
   
215
   
75
   
158
   
240
 
Commercial loans
  
809
   
205
   
4
   
203
   
811
 
Unallocated
  
63
   
-
   
-
   
138
   
201
 
Total
 
$
7,040
  
$
1,217
  
$
96
  
$
1,500
  
$
7,419
 

  
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 real estate
 
$
441
  
$
2,290
  
$
2,906
  
$
224,467
 
Residential construction and land
  
-
   
42
   
-
   
3,005
 
Multi-family
  
-
   
59
   
-
   
4,059
 
Commercial real estate
  
338
   
2,598
   
3,033
   
111,033
 
Commercial construction
  
-
   
38
   
-
   
1,558
 
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