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Loans and Allowance for Loan Losses (Tables)
 9 Months Ended
Mar. 31, 2016
Loans and Allowance for Loan Losses [Abstract]  
Major Loan Segments and Classes
Loan segments and classes at March 31, 2016 and June 30, 2015 are summarized as follows:
 
(In thousands)
 
March 31, 2016
  
June 30, 2015
 
Residential real estate:
      
   Residential real estate
 
$
232,330
  
$
226,648
 
   Residential construction and land
  
5,267
   
3,621
 
   Multi-family
  
3,848
   
4,287
 
Commercial real estate:
        
   Commercial real estate
  
176,210
   
142,323
 
   Commercial construction
  
12,140
   
8,936
 
Consumer loan:
        
   Home equity
  
21,322
   
21,019
 
   Consumer installment
  
4,084
   
4,123
 
Commercial loans
  
45,981
   
39,798
 
Total gross loans
  
501,182
   
450,755
 
Allowance for loan losses
  
(8,988
)
  
(8,142
)
Deferred fees and costs
  
937
   
883
 
Loans receivable, net
 
$
493,131
  
$
443,496
 
Loan Balances by Internal Credit Quality Indicator
Loan balances by internal credit quality indicator as of March 31, 2016 are shown below.


                
(In thousands)
 
Performing
  
Watch
  
Special Mention
  
Substandard
  
Total
 
Residential real estate
 
$
229,813
  
$
591
  
$
95
  
$
1,831
  
$
232,330
 
Residential construction and land
  
5,267
   
-
   
-
   
-
   
5,267
 
Multi-family
  
3,748
   
-
   
-
   
100
   
3,848
 
Commercial real estate
  
173,544
   
319
   
535
   
1,812
   
176,210
 
Commercial construction
  
12,140
   
-
   
-
   
-
   
12,140
 
Home equity
  
21,303
   
1
   
13
   
5
   
21,322
 
Consumer installment
  
4,083
   
1
   
-
   
-
   
4,084
 
Commercial loans
  
44,820
   
-
   
712
   
449
   
45,981
 
Total gross loans
 
$
494,718
  
$
912
  
$
1,355
  
$
4,197
  
$
501,182
 
 
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 March 31, 2016:


                      
(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
 
$
1,595
  
$
286
  
$
997
  
$
2,878
  
$
229,452
  
$
232,330
  
$
1,214
 
Residential construction and land
  
23
   
-
   
-
   
23
   
5,244
   
5,267
   
-
 
Multi-family
  
-
   
-
   
-
   
-
   
3,848
   
3,848
   
-
 
Commercial real estate
  
1,211
   
-
   
590
   
1,801
   
174,409
   
176,210
   
2,231
 
Commercial construction
  
-
   
-
   
-
   
-
   
12,140
   
12,140
   
-
 
Home equity
  
79
   
14
   
5
   
98
   
21,224
   
21,322
   
18
 
Consumer installment
  
-
   
1
   
-
   
1
   
4,083
   
4,084
   
-
 
Commercial loans
  
268
   
-
   
-
   
268
   
45,713
   
45,981
   
205
 
Total gross loans
 
$
3,176
  
$
301
  
$
1,592
  
$
5,069
  
$
496,113
  
$
501,182
  
$
3,668
 
 
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 nine and three months ended March 31:

  
For the nine months ended March 31,
  
For the three months ended March 31
 
(In thousands)
 
2016
  
2015
  
2016
  
2015
 
Interest income that would have been recorded if loans had been performing in accordance with original terms
 
$
222
  
$
246
  
$
63
  
$
47
 
Interest income that was recorded on nonaccrual loans
  
137
   
127
   
38
   
42
 
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, 2016
  
For the nine months ended March 31, 2016
  
For the three months ended March 31, 2016
 
(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 real estate
 
$
266
  
$
266
  
$
-
  
$
235
  
$
5
  
$
171
  
$
3
 
Commercial real estate
  
1,027
   
1,234
   
-
   
1,105
   
22
   
1,028
   
5
 
Home equity
  
5
   
5
   
-
   
62
   
1
   
5
   
-
 
Impaired loans with no allowance
  
1,298
   
1,505
   
-
   
1,402
   
28
   
1,204
   
8
 
                             
With an allowance recorded:
                            
Residential real estate
  
1,464
   
1,464
   
273
   
1,395
   
45
   
1,399
   
17
 
Commercial real estate
  
407
   
407
   
61
   
514
   
21
   
410
   
9
 
Commercial loans
  
87
   
87
   
2
   
90
   
4
   
88
   
1
 
Impaired loans with allowance
  
1,958
   
1,958
   
336
   
1,999
   
70
   
1,897
   
27
 
                             
Total impaired:
                            
Residential real estate
  
1,730
   
1,730
   
273
   
1,630
   
50
   
1,570
   
20
 
Commercial real estate
  
1,434
   
1,641
   
61
   
1,619
   
43
   
1,438
   
14
 
Home equity
  
5
   
5
   
-
   
62
   
1
   
5
   
-
 
Commercial loans
  
87
   
87
   
2
   
90
   
4
   
88
   
1
 
Total impaired loans
 
$
3,256
  
$
3,463
  
$
336
  
$
3,401
  
$
98
  
$
3,101
  
$
35
 

                   
  
As of June 30, 2015
  
For the nine months ended March 31, 2015
  
For the three months ended March 31, 2015
 
(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 real estate
 
$
432
  
$
432
  
$
-
  
$
500
  
$
26
  
$
716
  
$
13
 
Commercial real estate
  
1,206
   
1,412
   
-
   
890
   
31
   
1,409
   
18
 
Home equity
  
154
   
154
   
-
   
69
   
1
   
48
   
1
 
Commercial loans
  
-
   
-
       
167
   
9
   
500
   
9
 
Impaired loans with no allowance
  
1,792
   
1,998
   
-
   
1,626
   
67
   
2,673
   
41
 
                      
With an allowance recorded:
                     
Residential real estate
  
1,411
   
1,411
   
263
   
2,345
   
63
   
2,061
   
16
 
Commercial real estate
  
895
   
895
   
187
   
1,935
   
53
   
1,203
   
11
 
Home equity
  
-
   
-
   
-
   
178
   
-
   
133
   
-
 
Commercial loans
  
93
   
93
   
1
   
432
   
21
   
97
   
1
 
Impaired loans with allowance
  
2,399
   
2,399
   
451
   
4,890
   
137
   
3,494
   
28
 
                             
Total impaired:
                            
Residential mortgage
  
1,843
   
1,843
   
263
   
2,845
   
89
   
2,777
   
29
 
Nonresidential mortgage
  
2,101
   
2,307
   
187
   
2,825
   
84
   
2,612
   
29
 
Home equity
  
154
   
154
   
-
   
247
   
1
   
181
   
1
 
Commercial loans
  
93
   
93
   
1
   
599
   
30
   
597
   
10
 
Total impaired loans
 
$
4,191
  
$
4,397
  
$
451
  
$
6,516
  
$
204
  
$
6,167
  
$
69
 
Troubled Debt Restructurings
The table below details loans that have been modified as a troubled debt restructuring during the nine months ended March 31, 2016 and 2015.

             
(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, 2016
            
   Residential real estate
  
-
  
$
-
  
$
-
  
$
-
 
                 
Nine months ended March 31, 2015
                
   Residential real estate
  
1
  
$
164
  
$
184
  
$
184
 
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 March 31, 2016
 
(In thousands)
 
Balance at
December 31, 2015
  
Charge-offs
  
Recoveries
  
Provision
  
Balance at March 31, 2016
 
Residential real estate
 
$
2,392
  
$
-
  
$
-
  
$
29
  
$
2,421
 
Residential construction and land
  
70
   
-
   
-
   
1
   
71
 
Multi-family
  
25
   
-
   
-
   
(3
)
  
22
 
Commercial real estate
  
4,020
   
-
   
-
   
377
   
4,397
 
Commercial construction
  
331
   
-
   
-
   
(17
)
  
314
 
Home equity
  
305
   
-
   
-
   
-
   
305
 
Consumer installment
  
188
   
50
   
25
   
29
   
192
 
Commercial loans
  
1,272
   
19
   
-
   
7
   
1,260
 
Unallocated
  
8
   
-
   
-
   
(2
)
  
6
 
Total
 
$
8,611
  
$
69
  
$
25
  
$
421
  
$
8,988
 

                
  
Activity for the nine months ended March 31, 2016
 
(In thousands)
 
Balance at
June 30, 2015
  
Charge-offs
  
Recoveries
  
Provision
  
Balance at March 31, 2016
 
Residential real estate
 
$
2,454
  
$
-
  
$
-
  
$
(33
)
 
$
2,421
 
Residential construction and land
  
50
   
-
   
-
   
21
   
71
 
Multi-family
  
40
   
-
   
-
   
(18
)
  
22
 
Commercial real estate
  
3,699
   
162
   
17
   
843
   
4,397
 
Commercial construction
  
233
   
-
   
-
   
81
   
314
 
Home equity
  
314
   
-
   
-
   
(9
)
  
305
 
Consumer installment
  
223
   
193
   
65
   
97
   
192
 
Commercial loans
  
1,129
   
19
   
-
   
150
   
1,260
 
Unallocated
  
-
   
-
   
-
   
6
   
6
 
Total
 
$
8,142
  
$
374
  
$
82
  
$
1,138
  
$
8,988
 


             
  
Allowance for Loan Losses
  
Loans Receivable
 
  
Ending Balance
March 31, 2016
Impairment Analysis
  
Ending Balance
March 31, 2016
Impairment Analysis
 
(In thousands)
 
Individually
Evaluated
  
Collectively Evaluated
  
Individually Evaluated
  
Collectively Evaluated
 
Residential real estate
 
$
273
  
$
2,148
  
$
1,730
  
$
230,600
 
Residential construction and land
  
-
   
71
   
-
   
5,267
 
Multi-family
  
-
   
22
   
-
   
3,848
 
Commercial real estate
  
61
   
4,336
   
1,434
   
174,776
 
Commercial construction
  
-
   
314
   
-
   
12,140
 
Home equity
  
-
   
305
   
5
   
21,317
 
Consumer installment
  
-
   
192
   
-
   
4,084
 
Commercial loans
  
2
   
1,258
   
87
   
45,894
 
Unallocated
  
-
   
6
   
-
   
-
 
Total
 
$
336
  
$
8,652
  
$
3,256
  
$
497,926
 
 

                
  
Activity for the three months ended March 31, 2015
 
(In thousands)
 
Balance at
December 31, 2014
  
Charge-offs
  
Recoveries
  
Provision
  
Balance at March 31, 2015
 
Residential real estate
 
$
2,589
  
$
53
  
$
6
  
$
(43
)
 
$
2,499
 
Residential construction and land
  
3,467
   
127
   
-
   
228
   
3,568
 
Multi-family
  
51
   
-
   
-
   
2
   
53
 
Commercial real estate
  
148
   
-
   
-
   
7
   
155
 
Commercial construction
  
44
   
-
   
-
   
(2
)
  
42
 
Home equity
  
372
   
121
   
-
   
53
   
304
 
Consumer installment
  
244
   
73
   
20
   
15
   
206
 
Commercial loans
  
881
   
42
   
2
   
156
   
997
 
Unallocated
  
-
   
-
   
-
   
-
   
-
 
Total
 
$
7,796
  
$
416
  
$
28
  
$
416
  
$
7,824
 

                
  
Activity for the nine months ended March 31, 2015
 
(In thousands)
 
Balance at
June 30, 2014
  
Charge-offs
  
Recoveries
  
Provision
  
Balance at March 31, 2015
 
Residential real estate
 
$
2,731
  
$
295
  
$
6
  
$
57
  
$
2,499
 
Residential construction and land
  
2,936
   
127
   
-
   
759
   
3,568
 
Multi-family
  
42
   
-
   
-
   
11
   
53
 
Commercial real estate
  
38
   
-
   
-
   
117
   
155
 
Commercial construction
  
59
   
-
   
-
   
(17
)
  
42
 
Home equity
  
361
   
121
   
-
   
64
   
304
 
Consumer installment
  
240
   
194
   
44
   
116
   
206
 
Commercial loans
  
811
   
48
   
8
   
226
   
997
 
Unallocated
  
201
   
-
   
-
   
(201
)
  
-
 
Total
 
$
7,419
  
$
785
  
$
58
  
$
1,132
  
$
7,824
 


             
  
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