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Foreclosed Real Estate

9 Months Ended

Mar. 31, 2016

(14) Foreclosed Real Estate

The following table sets forth information regarding foreclosed real estate as of March 31, 2016 and June 30, 2015:

(in thousands)	March 31, 2016		June 30, 2015
Residential real estate	$	61	$	847
Land		65		-
Commercial real estate		244		-
Total foreclosed real estate	$	370	$	847

- Definition

The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned.

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