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Loans (Tables)
 12 Months Ended
Jun. 30, 2016
Loans [Abstract]  
Major Loan Segments and Classes
Loan segments and classes at June 30, 2016 and 2015 are summarized as follows:
 
  
At June 30,
 
(In thousands)
 
2016
  
2015
 
Residential real estate:
      
Residential real estate
 
$
234,992
  
$
226,648
 
Residential construction and land
  
5,575
   
3,621
 
Multi-family
  
3,918
   
4,287
 
Commercial real estate:
        
Commercial real estate
  
192,678
   
142,323
 
Commercial construction
  
20,159
   
8,936
 
Consumer loan:
        
Home equity
  
20,893
   
21,019
 
Consumer installment
  
4,350
   
4,123
 
Commercial loans
  
48,725
   
39,798
 
Total gross loans
  
531,290
   
450,755
 
Allowance for loan losses
  
(9,485
)
  
(8,142
)
Deferred fees and costs
  
959
   
883
 
Loans receivable, net
 
$
522,764
  
$
443,496
 
Loan Balances by Internal Credit Quality Indicator
Loan balances by internal credit quality indicator as of June 30, 2016 are shown below.

(In thousands)
 
Performing
  
Watch
  
Special Mention
  
Substandard
  
Total
 
Residential real estate
 
$
232,321
  
$
757
  
$
94
  
$
1,820
  
$
234,992
 
Residential construction and land
  
5,575
   
-
   
-
   
-
   
5,575
 
Multi-family
  
3,820
   
-
   
-
   
98
   
3,918
 
Commercial real estate
  
190,293
   
52
   
531
   
1,802
   
192,678
 
Commercial construction
  
20,159
   
-
   
-
   
-
   
20,159
 
Home equity
  
20,555
   
321
   
12
   
5
   
20,893
 
Consumer installment
  
4,340
   
10
   
-
   
-
   
4,350
 
Commercial loans
  
47,598
   
26
   
8
   
1,093
   
48,725
 
Total gross loans
 
$
524,661
  
$
1,166
  
$
645
  
$
4,818
  
$
531,290
 

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 June 30, 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
 
$
1,533
  
$
637
  
$
938
  
$
3,108
  
$
231,884
  
$
234,992
  
$
1,207
 
Residential construction and land
  
-
   
-
   
-
   
-
   
5,575
   
5,575
   
-
 
Multi-family
  
47
   
-
   
-
   
47
   
3,871
   
3,918
   
-
 
Commercial real estate
  
324
   
793
   
590
   
1,707
   
190,971
   
192,678
   
1,899
 
Commercial construction
  
-
   
-
   
-
   
-
   
20,159
   
20,159
   
-
 
Home equity
  
17
   
321
   
17
   
355
   
20,538
   
20,893
   
18
 
Consumer installment
  
34
   
10
   
-
   
44
   
4,306
   
4,350
   
-
 
Commercial loans
  
392
   
112
   
-
   
504
   
48,221
   
48,725
   
202
 
Total gross loans
 
$
2,347
  
$
1,873
  
$
1,545
  
$
5,765
  
$
525,525
  
$
531,290
  
$
3,326
 

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 years ended June 30,
 
(In thousands)
 
2016
  
2015
 
Interest income that would have been recorded if loans had been performing in accordance with original terms
 
$
247
  
$
340
 
Interest income that was recorded on nonaccrual loans
  
142
   
250
 
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, 2016
  
For the year ended June 30, 2016
 
(In thousands)
 
Recorded
Investment
  
Unpaid
Principal
  
Related
Allowance
  
Average
Recorded
Investment
  
Interest
Income
Recognized
 
With no related allowance recorded:
                
Residential real estate
 
$
266
  
$ 
266
  
$
-
  
$
243
  
$
5
 
Commercial real estate
  
1,024
   
1,231
   
-
   
1,085
   
29
 
Home equity
  
5
   
5
   
-
   
48
   
1
 
Total impaired loans with no allowance
  
1,295
   
1,502
   
-
   
1,376
   
35
 
                      
With an allowance recorded:
                     
Residential real estate
  
1,457
   
1,457
   
267
   
1,411
   
57
 
Commercial real estate
  
405
   
405
   
61
   
487
   
25
 
Commercial loans
  
85
   
85
   
2
   
89
   
5
 
Total impaired loans with allowance
  
1,947
   
1,947
   
330
   
1,987
   
87
 
                      
Total impaired loans:
                     
Residential real estate
  
1,723
   
1,723
   
267
   
1,654
   
62
 
Commercial real estate
  
1,429
   
1,636
   
61
   
1,572
   
54
 
Home equity
  
5
   
5
   
-
   
48
   
1
 
Commercial loans
  
85
   
85
   
2
   
89
   
5
 
Total impaired loans
 
$
3,242
  
$ 
3,449
  
$
330
  
$
3,363
  
$
122
 

  
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
 
Troubled Debt Restructurings on Financing Receivables
The table below details additional information regarding loans modified as a troubled debt restructuring during the years ended June 30, 2016 and 2015:

(Dollars in thousands)
 
Number of
Contracts
  
Pre-Modification
Outstanding
Recorded
Investment
  
Post-Modification
Outstanding
Recorded
Investment
  
Current
Outstanding
Recorded
Investment
 
Year ended June 30, 2016 Residential real estate
  
-
  
$
-
  
$
-
  
$
-
 
                 
Year ended June 30, 2015 Residential real estate
  
1
  
$
164
  
$
184
  
$
183
 
Activity and Allocation of Allowance for Loan Losses
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, 2016
 
(In thousands)
 
Balance June 30,
2015
  
Charge-offs
        
Recoveries
  
Provision
  
Balance June 30,
2016
 
Residential real estate
 
$
2,454
  
$
-
    
$
-
  
$
(58
)
 
$
2,396
 
Residential construction and land
  
50
   
-
      
-
   
25
   
75
 
Multi-family
  
40
   
-
      
-
   
(18
)
  
22
 
Commercial real estate
  
3,699
   
162
      
17
   
987
   
4,541
 
Commercial construction
  
233
   
-
      
-
   
269
   
502
 
Home equity
  
314
   
-
      
-
   
(5
)
  
309
 
Consumer installment
  
223
   
245
      
78
   
172
   
228
 
Commercial loans
  
1,129
   
20
      
2
   
301
   
1,412
 
Total
 
$
8,142
  
$
427
    
$
97
  
$
1,673
  
$
9,485
 

  
Allowance for Loan Losses
  
Loans Receivable
 
  
Ending Balance June 30, 2016
Impairment Analysis
  
Ending Balance June 30, 2016
Impairment Analysis
 
(In thousands)
 
Individually
Evaluated
  
Collectively
Evaluated
  
Individually
Evaluated
  
Collectively
Evaluated
 
Residential real estate
 
$
267
  
$
2,129
  
$
1,723
  
$
233,269
 
Residential construction and land
  
-
   
75
   
-
   
5,575
 
Multi-family
  
-
   
22
   
-
   
3,918
 
Commercial real estate
  
61
   
4,480
   
1,429
   
191,249
 
Commercial construction
  
-
   
502
   
-
   
20,159
 
Home equity
  
-
   
309
   
5
   
20,888
 
Consumer installment
  
-
   
228
   
-
   
4,350
 
Commercial loans
  
2
   
1,410
   
85
   
48,640
 
Total
 
$
330
  
$
9,155
  
$
3,242
  
$
528,048
 

  
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
 
Schedule of Foreclosed Real Estate
The following table sets forth information regarding FRE as of June 30, 2016 and 2015:

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