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Loans and Allowance for Loan Losses (Tables)
 3 Months Ended
Sep. 30, 2015
Loans and Allowance for Loan Losses [Abstract]  
Major Loan Segments and Classes
Loan segments and classes at September 30, 2015 and June 30, 2015 are summarized as follows:

(In thousands)
 
September 30,
2015
  
June 30,
2015
 
Residential real estate:
    
Residential real estate
 
$
228,993
  
$
226,648
 
Residential construction and land
  
4,564
   
3,621
 
Multi-family
  
4,374
   
4,287
 
Commercial real estate:
        
Commercial real estate
  
154,067
   
142,323
 
Commercial construction
  
6,269
   
8,936
 
Consumer loan:
        
Home equity
  
21,389
   
21,019
 
Consumer installment
  
4,083
   
4,123
 
Commercial loans
  
44,280
   
39,798
 
Total gross loans
  
468,019
   
450,755
 
Allowance for loan losses
  
(8,466
)
  
(8,142
)
Deferred fees and costs
  
905
   
883
 
Loans receivable, net
 
$
460,458
  
$
443,496
 
Loan Balances by Internal Credit Quality Indicator
Loan balances by internal credit quality indicator as of September 30, 2015 are shown below.
 
(In thousands)
 
Performing
  
Watch
  
Special Mention
  
Substandard
  
Total
 
Residential real estate
 
$
226,798
  
$
422
  
$
96
  
$
1,677
  
$
228,993
 
Residential construction and land
  
4,564
   
-
   
-
   
-
   
4,564
 
Multi-family
  
4,270
   
-
   
-
   
104
   
4,374
 
Commercial real estate
  
150,926
   
459
   
543
   
2,139
   
154,067
 
Commercial construction
  
6,269
   
-
   
-
   
-
   
6,269
 
Home equity
  
21,129
   
-
   
15
   
245
   
21,389
 
Consumer installment
  
4,078
   
-
   
-
   
5
   
4,083
 
Commercial loans
  
42,932
   
-
   
831
   
517
   
44,280
 
Total gross loans
 
$
460,966
  
$
881
  
$
1,485
  
$
4,687
  
$
468,019
 
 
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
 
Delinquent and Nonaccrual Loans by Past Due Status
The following table sets forth information regarding delinquent and/or nonaccrual loans as of September 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
 
$
1,592
  
$
114
  
$
713
  
$
2,419
  
$
226,574
  
$
228,993
  
$
913
 
Residential construction and land
  
-
   
-
   
-
   
-
   
4,564
   
4,564
   
-
 
Multi-family
  
-
   
-
   
-
   
-
   
4,374
   
4,374
   
-
 
Commercial real estate
  
250
   
1
   
1,168
   
1,419
   
152,648
   
154,067
   
2,692
 
Commercial construction
  
-
   
-
   
-
   
-
   
6,269
   
6,269
   
-
 
Home equity
  
203
   
15
   
5
   
223
   
21,166
   
21,389
   
126
 
Consumer installment
  
54
   
-
   
1
   
55
   
4,028
   
4,083
   
5
 
Commercial loans
  
99
   
-
   
75
   
174
   
44,106
   
44,280
   
439
 
Total gross loans
 
$
2,198
  
$
130
  
$
1,962
  
$
4,290
  
$
463,729
  
$
468,019
  
$
4,175
 
 
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
 
Nonaccrual Loans, Interest Income Data
The table below details additional information related to nonaccrual loans for the three months ended September 30:

(In thousands)
 
2015
  
2014
 
Interest income that would have been recorded if loans had been performing in accordance with original terms
 
$
101
  
$
128
 
Interest income that was recorded on nonaccrual loans
  
49
   
46
 
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, 2015
  
For the three months ended
September 30, 2015
 
(In thousands)
 
Recorded Investment
  
Unpaid Principal
  
Related Allowance
  
Average Recorded Investment
  
Interest Income Recognized
 
With no related allowance recorded:
       
Residential real estate
 
$
308
  
$
308
  
$
-
  
$
349
  
$
2
 
Commercial real estate
  
1,194
   
1,401
   
-
   
1,199
   
6
 
Home equity
  
127
   
127
   
-
   
134
   
1
 
Total impaired loans with no allowance
  
1,629
   
1,836
   
-
   
1,682
   
9
 
                     
With an allowance recorded:
                    
Residential real estate
  
1,397
   
1,397
   
264
   
1,404
   
14
 
Commercial real estate
  
558
   
558
   
76
   
671
   
6
 
Commercial loans
  
92
   
92
   
1
   
92
   
1
 
Total impaired loans with allowance
  
2,047
   
2,047
   
341
   
2,167
   
21
 
                     
Total impaired:
                    
Residential real estate
  
1,705
   
1,705
   
264
   
1,753
   
16
 
Commercial real estate
  
1,752
   
1,959
   
76
   
1,870
   
12
 
Home equity
  
127
   
127
   
-
   
134
   
1
 
Commercial loans
  
92
   
92
   
1
   
92
   
1
 
Total impaired loans
 
$
3,676
  
$
3,883
  
$
341
  
$
3,849
  
$
30
 

  
As of June 30, 2015
  
For the three months ended
September 30, 2014
 
(In thousands)
 
Recorded Investment
  
Unpaid Principal
  
Related Allowance
  
Average Recorded Investment
  
Interest Income Recognized
 
With no related allowance recorded:
       
Residential real estate
 
$
432
  
$
432
  
$
-
  
$
206
  
$
3
 
Commercial real estate
  
1,206
   
1,412
   
-
   
458
   
7
 
Home equity
  
154
   
154
   
-
   
96
   
-
 
Commercial loans
  
-
   
-
   
-
   
-
   
-
 
Total impaired loans with no allowance
  
1,792
   
1,998
   
-
   
760
   
10
 
                     
With an allowance recorded:
                    
Residential real estate
  
1,411
   
1,411
   
263
   
2,585
   
31
 
Commercial real estate
  
895
   
895
   
187
   
2,522
   
42
 
Home equity
  
-
   
-
   
-
   
200
   
-
 
Commercial loans
  
93
   
93
   
1
   
601
   
10
 
Total impaired loans with allowance
  
2,399
   
2,399
   
451
   
5,908
   
83
 
                     
Total impaired loans:
                    
Residential real estate
  
1,843
   
1,843
   
263
   
2,791
   
34
 
Commercial real estate
  
2,101
   
2,307
   
187
   
2,980
   
49
 
Home equity
  
154
   
154
   
-
   
296
   
-
 
Commercial loans
  
93
   
93
   
1
   
601
   
10
 
Total impaired loans
 
$
4,191
  
$
4,397
  
$
451
  
$
6,668
  
$
93
 
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 September 30, 2015
 
(In thousands)
 
Balance at
June 30, 2015
  
Charge-offs
  
Recoveries
  
Provision
  
Balance at
September 30, 2015
 
Residential real estate
 
$
2,454
  
$
-
  
$
-
  
$
(68
)
 
$
2,386
 
Residential construction and land
  
50
   
-
   
-
   
12
   
62
 
Multi-family
  
40
   
-
   
-
   
(15
)
  
25
 
Commercial real estate
  
3,699
   
14
   
17
   
112
   
3,814
 
Commercial construction
  
233
   
-
   
-
   
(71
)
  
162
 
Home equity
  
314
   
-
   
-
   
5
   
319
 
Consumer installment
  
223
   
78
   
25
   
70
   
240
 
Commercial loans
  
1,129
   
-
   
-
   
123
   
1,252
 
Unallocated
  
-
   
-
   
-
   
206
   
206
 
Total
 
$
8,142
  
$
92
  
$
42
  
$
374
  
$
8,466
 
 
  
Allowance for Loan Losses
  
Loans Receivable
 
  
Ending Balance
September 30, 2015
Impairment Analysis
  
Ending Balance
September 30, 2015
Impairment Analysis
 
(In thousands)
 
Individually
Evaluated
  
Collectively Evaluated
  
Individually Evaluated
  
Collectively Evaluated
 
Residential real estate
 
$
264
  
$
2,122
  
$
1,705
  
$
227,288
 
Residential construction and land
  
-
   
62
   
-
   
4,564
 
Multi-family
  
-
   
25
   
-
   
4,374
 
Commercial real estate
  
76
   
3,738
   
1,752
   
152,315
 
Commercial construction
  
-
   
162
   
-
   
6,269
 
Home equity
  
-
   
319
   
127
   
21,262
 
Consumer installment
  
-
   
240
   
-
   
4,083
 
Commercial loans
  
1
   
1,251
   
92
   
44,188
 
Unallocated
  
-
   
206
   
-
   
-
 
Total
 
$
341
  
$
8,125
  
$
3,676
  
$
464,343
 
 
  
Activity for the three months ended September 30, 2014
 
(In thousands)
 
Balance at
June 30, 2014
  
Charge-offs
  
Recoveries
  
Provision
  
Balance at
September 30, 2014
 
Residential real estate
 
$
2,731
  
$
74
  
$
-
  
$
(10
)
 
$
2,647
 
Residential construction and land
  
42
   
-
   
-
   
(1
)
  
41
 
Multi-family
  
59
   
-
   
-
   
(14
)
  
45
 
Commercial real estate
  
2,936
   
-
   
-
   
228
   
3,164
 
Commercial construction
  
38
   
-
   
-
   
71
   
109
 
Home equity
  
361
   
-
   
-
   
15
   
376
 
Consumer installment
  
240
   
55
   
19
   
39
   
243
 
Commercial loans
  
811
   
-
   
-
   
20
   
831
 
Unallocated
  
201
   
-
   
-
   
63
   
264
 
Total
 
$
7,419
  
$
129
  
$
19
  
$
411
  
$
7,720
 
 
  
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