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Loans and Allowance for Loan Losses (Tables)
 3 Months Ended
Sep. 30, 2016
Loans and Allowance for Loan Losses [Abstract]  
Major Loan Segments and Classes
Loan segments and classes at September 30, 2016 and June 30, 2016 are summarized as follows:
 
(In thousands)
 
September 30, 2016
  
June 30, 2016
 
Residential real estate:
      
Residential real estate
 
$
235,279
  
$
234,992
 
Residential construction and land
  
5,199
   
5,575
 
Multi-family
  
3,893
   
3,918
 
Commercial real estate:
        
Commercial real estate
  
210,448
   
192,678
 
Commercial construction
  
25,428
   
20,159
 
Consumer loan:
        
Home equity
  
20,795
   
20,893
 
Consumer installment
  
4,470
   
4,350
 
Commercial loans
  
52,309
   
48,725
 
Total gross loans
  
557,821
   
531,290
 
Allowance for loan losses
  
(9,976
)
  
(9,485
)
Deferred fees and costs
  
1,044
   
959
 
Loans receivable, net
 
$
548,889
  
$
522,764
 
 
Loan Balances by Internal Credit Quality Indicator
Loan balances by internal credit quality indicator as of September 30, 2016 are shown below.
                             
(In thousands)
 
Performing
  
Watch
  
Special Mention
  
Substandard
  
Total
 
Residential real estate
 
$
232,386
  
$
573
  
$
93
  
$
2,227
  
$
235,279
 
Residential construction and land
  
5,199
   
-
   
-
   
-
   
5,199
 
Multi-family
  
3,797
   
-
   
-
   
96
   
3,893
 
Commercial real estate
  
207,481
   
-
   
180
   
2,787
   
210,448
 
Commercial construction
  
25,428
   
-
   
-
   
-
   
25,428
 
Home equity
  
20,461
   
284
   
12
   
38
   
20,795
 
Consumer installment
  
4,433
   
37
   
-
   
-
   
4,470
 
Commercial loans
  
50,913
   
-
   
347
   
1,049
   
52,309
 
Total gross loans
 
$
550,098
  
$
894
  
$
632
  
$
6,197
  
$
557,821
 
 
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
 
Delinquent and/or Nonaccrual Loans by Past Due Status
The following table sets forth information regarding delinquent and/or nonaccrual loans as of September 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
 
$
1,420
  
$
271
  
$
1,332
  
$
3,023
  
$
232,256
  
$
235,279
  
$
1,619
 
Residential construction and land
  
20
   
-
   
-
   
20
   
5,179
   
5,199
   
-
 
Multi-family
  
-
   
-
   
-
   
-
   
3,893
   
3,893
   
-
 
Commercial real estate
  
725
   
401
   
1,059
   
2,185
   
208,263
   
210,448
   
2,356
 
Commercial construction
  
-
   
-
   
-
   
-
   
25,428
   
25,428
   
-
 
Home equity
  
54
   
284
   
38
   
376
   
20,419
   
20,795
   
50
 
Consumer installment
  
48
   
37
   
-
   
85
   
4,385
   
4,470
   
-
 
Commercial loans
  
111
   
-
   
-
   
111
   
52,198
   
52,309
   
198
 
Total gross loans
 
$
2,378
  
$
993
  
$
2,429
  
$
5,800
  
$
552,021
  
$
557,821
  
$
4,223
 
 
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
 
Nonaccrual Loans, Interest Income Data
The table below details additional information related to nonaccrual loans for the three months ended September 30:

(In thousands)
 
2016
  
2015
 
Interest income that would have been recorded if loans had been performing in accordance with original terms
 
$
80
  
$
101
 
Interest income that was recorded on nonaccrual loans
  
28
   
49
 
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, 2016
  
For the three months ended
September 30, 2016
 
(In thousands)
 
Recorded
Investment
  
Unpaid
Principal
  
Related
Allowance
  
Average
Recorded
Investment
  
Interest
Income
Recognized
 
With no related allowance recorded:
          
Residential real estate
 
$
375
  
$
375
  
$
-
  
$
375
  
$
-
 
Commercial real estate
  
1,020
   
1,226
   
-
   
1,021
   
10
 
Home equity
  
5
   
5
   
-
   
5
   
-
 
Total impaired loans with no allowance
  
1,400
   
1,606
   
-
   
1,401
   
10
 
                     
With an allowance recorded:
                    
Residential real estate
  
1,343
   
1,343
   
283
   
1,345
   
12
 
Commercial real estate
  
401
   
401
   
59
   
402
   
4
 
Commercial loans
  
82
   
82
   
2
   
83
   
2
 
Total impaired loans with allowance
  
1,826
   
1,826
   
344
   
1,830
   
18
 
                     
Total impaired:
                    
Residential real estate
  
1,718
   
1,718
   
283
   
1,720
   
12
 
Commercial real estate
  
1,421
   
1,627
   
59
   
1,423
   
14
 
Home equity
  
5
   
5
   
-
   
5
   
-
 
Commercial loans
  
82
   
82
   
2
   
83
   
2
 
Total impaired loans
 
$
3,226
  
$
3,432
  
$
344
  
$
3,231
  
$
28
 

  
As of June 30, 2016
  
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
 
$
266
  
$
266
  
$
-
  
$
349
  
$
2
 
Commercial real estate
  
1,024
   
1,231
   
-
   
1,199
   
6
 
Home equity
  
5
   
5
   
-
   
134
   
1
 
Total impaired loans with no allowance
  
1,295
   
1,502
   
-
   
1,682
   
9
 
                     
With an allowance recorded:
                    
Residential real estate
  
1,457
   
1,457
   
267
   
1,404
   
14
 
Commercial real estate
  
405
   
405
   
61
   
671
   
6
 
Commercial loans
  
85
   
85
   
2
   
92
   
1
 
Total impaired loans with allowance
  
1,947
   
1,947
   
330
   
2,167
   
21
 
                     
Total impaired loans:
                    
Residential real estate
  
1,723
   
1,723
   
267
   
1,753
   
16
 
Commercial real estate
  
1,429
   
1,636
   
61
   
1,870
   
12
 
Home equity
  
5
   
5
   
-
   
134
   
1
 
Commercial loans
  
85
   
85
   
2
   
92
   
1
 
Total impaired loans
 
$
3,242
  
$
3,449
  
$
330
  
$
3,849
  
$
30
 
Activity and Allocation of Allowance for Loan Losses
The allowance is allocated to each loan category based on historical loss experience and economic conditions.
 
  
Activity for the three months ended September 30, 2016
 
(In thousands)
 
Balance at
June 30, 2016
  
Charge-offs
  
Recoveries
  
Provision
  
Balance at
September 30, 2016
 
Residential real estate
 
$
2,396
  
$
-
  
$
-
  
$
(154
)
 
$
2,242
 
Residential construction and land
  
75
   
-
   
-
   
(12
)
  
63
 
Multi-family
  
22
   
-
   
-
   
(4
)
  
18
 
Commercial real estate
  
4,541
   
-
   
-
   
440
   
4,981
 
Commercial construction
  
502
   
-
   
-
   
126
   
628
 
Home equity
  
309
   
-
   
-
   
(58
)
  
251
 
Consumer installment
  
228
   
72
   
17
   
(5
)
  
168
 
Commercial loans
  
1,412
   
-
   
3
   
77
   
1,492
 
Unallocated
  
-
   
-
   
-
   
133
   
133
 
Total
 
$
9,485
  
$
72
  
$
20
  
$
543
  
$
9,976
 
 
 
Allowance for Loan Losses
  
Loans Receivable
 
  
Ending Balance
September 30, 2016
Impairment Analysis
  
Ending Balance
September 30, 2016
Impairment Analysis
 
(In thousands)
 
Individually
Evaluated
  
Collectively
Evaluated
  
Individually
Evaluated
  
Collectively
Evaluated
 
Residential real estate
 
$
283
  
$
1,959
  
$
1,718
  
$
233,561
 
Residential construction and land
  
-
   
63
   
-
   
5,199
 
Multi-family
  
-
   
18
   
-
   
3,893
 
Commercial real estate
  
59
   
4,922
   
1,421
   
209,027
 
Commercial construction
  
-
   
628
   
-
   
25,428
 
Home equity
  
-
   
251
   
5
   
20,790
 
Consumer installment
  
-
   
168
   
-
   
4,470
 
Commercial loans
  
2
   
1,490
   
82
   
52,227
 
Unallocated
  
-
   
133
   
-
   
-
 
Total
 
$
344
  
$
9,632
  
$
3,226
  
$
554,595
 
 
  
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
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
 
Unallocated
  
-
   
-
   
-
   
-
 
Total
 
$
330
  
$
9,155
  
$
3,242
  
$
528,048
 
Schedule of Foreclosed Real Estate
The following table sets forth information regarding FRE as of September 30, 2016 and June 30, 2016:

(in thousands)
 
September 30, 2016
  
June 30, 2016
 
Residential real estate
 
$
22
  
$
61
 
Land
  
54
   
65
 
Commercial real estate
  
208
   
244
 
Total foreclosed real estate
 
$
284
  
$
370