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Loans (Tables)
 12 Months Ended
Jun. 30, 2017
Loans [Abstract]  
Major Loan Segments and Classes
Loan segments and classes at June 30, 2017 and 2016 are summarized as follows:

  
At June 30,
 
(In thousands)
 
2017
  
2016
 
Residential real estate:
      
Residential real estate
 
$
245,331
  
$
234,992
 
Residential construction and land
  
7,160
   
5,575
 
Multi-family
  
9,199
   
3,918
 
Commercial real estate:
        
Commercial real estate
  
257,964
   
192,678
 
Commercial construction
  
28,430
   
20,159
 
Consumer loan:
        
Home equity
  
21,076
   
20,893
 
Consumer installment
  
4,790
   
4,350
 
Commercial loans
  
60,381
   
48,725
 
Total gross loans
  
634,331
   
531,290
 
Allowance for loan losses
  
(11,022
)
  
(9,485
)
Deferred fees and costs
  
878
   
959
 
Loans receivable, net
 
$
624,187
  
$
522,764
 
Loan Balances by Internal Credit Quality Indicator
Loan balances by internal credit quality indicator as of June 30, 2017 are shown below.

(In thousands)
 
Performing
  
Watch
  
Special Mention
  
Substandard
  
Total
 
Residential real estate
 
$
242,592
  
$
813
  
$
91
  
$
1,835
  
$
245,331
 
Residential construction and land
  
7,160
   
-
   
-
   
-
   
7,160
 
Multi-family
  
9,110
   
-
   
-
   
89
   
9,199
 
Commercial real estate
  
255,090
   
419
   
404
   
2,051
   
257,964
 
Commercial construction
  
28,254
   
-
   
-
   
176
   
28,430
 
Home equity
  
20,858
   
-
   
-
   
218
   
21,076
 
Consumer installment
  
4,770
   
10
   
-
   
10
   
4,790
 
Commercial loans
  
59,030
   
-
   
60
   
1,291
   
60,381
 
Total gross loans
 
$
626,864
  
$
1,242
  
$
555
  
$
5,670
  
$
634,331
 

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 June 30, 2017:

(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
 
$
2,088
  
$
515
  
$
935
  
$
3,538
  
$
241,793
  
$
245,331
  
$
1,240
 
Residential construction and land
  
-
   
-
   
-
   
-
   
7,160
   
7,160
   
-
 
Multi-family
  
-
   
-
   
-
   
-
   
9,199
   
9,199
   
-
 
Commercial real estate
  
74
   
1,070
   
540
   
1,684
   
256,280
   
257,964
   
1,452
 
Commercial construction
  
-
   
176
   
-
   
176
   
28,254
   
28,430
   
176
 
Home equity
  
220
   
186
   
33
   
439
   
20,637
   
21,076
   
218
 
Consumer installment
  
22
   
10
   
10
   
42
   
4,748
   
4,790
   
10
 
Commercial loans
  
18
   
186
   
202
   
406
   
59,975
   
60,381
   
476
 
Total gross loans
 
$
2,422
  
$
2,143
  
$
1,720
  
$
6,285
  
$
628,046
  
$
634,331
  
$
3,572
 

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 years ended June 30,
 
(In thousands)
 
2017
  
2016
 
Interest income that would have been recorded if loans had been performing in accordance with original terms
 
$
227
  
$
247
 
Interest income that was recorded on nonaccrual loans
  
148
   
142
 
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, 2017
  
For the year ended June 30, 2017
 
(In thousands)
 
Recorded
Investment
  
Unpaid
Principal
  
Related
Allowance
  
Average
Recorded
Investment
  
Interest
Income
Recognized
 
With no related allowance recorded:
          
Residential real estate
 
$
-
  
$
-
  
$
-
  
$
176
  
$
-
 
Commercial real estate
  
809
   
809
   
-
   
704
   
33
 
Home equity
  
186
   
186
   
-
   
64
   
9
 
Commercial loans
  
186
   
186
   
-
   
111
   
8
 
Total impaired loans with no allowance
  
1,181
   
1,181
   
-
   
1,055
   
50
 
                     
With an allowance recorded:
                    
Residential real estate
  
1,455
   
1,455
   
278
   
1,302
   
51
 
Commercial real estate
  
440
   
440
   
135
   
922
   
34
 
Commercial construction
  
176
   
176
   
23
   
15
   
-
 
Commercial loans
  
-
   
-
   
-
   
41
   
2
 
Total impaired loans with allowance
  
2,071
   
2,071
   
436
   
2,280
   
87
 
                     
Total impaired loans:
                    
Residential real estate
  
1,455
   
1,455
   
278
   
1,478
   
51
 
Commercial real estate
  
1,249
   
1,249
   
135
   
1,626
   
67
 
Commercial construction
  
176
   
176
   
23
   
15
   
-
 
Home equity
  
186
   
186
   
-
   
64
   
9
 
Commercial loans
  
186
   
186
   
-
   
152
   
10
 
Total impaired loans
 
$
3,252
  
$
3,252
  
$
436
  
$
3,335
  
$
137
 

 
 
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
 
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, 2017
 
(In thousands)
 
Balance June 30,
 2016
  
Charge-offs
  
Recoveries
  
Provision
  
Balance June 30,
2017
 
Residential real estate
 
$
2,396
  
$
90
  
$
-
  
$
(17
)
 
$
2,289
 
Residential construction and land
  
75
   
-
   
-
   
14
   
89
 
Multi-family
  
22
   
-
   
-
   
21
   
43
 
Commercial real estate
  
4,541
   
39
   
-
   
1,087
   
5,589
 
Commercial construction
  
502
   
-
   
-
   
185
   
687
 
Home equity
  
309
   
-
   
-
   
(75
)
  
234
 
Consumer installment
  
228
   
270
   
88
   
185
   
231
 
Commercial loans
  
1,412
   
66
   
3
   
331
   
1,680
 
Unallocated
  
-
   
-
   
-
   
180
   
180
 
Total
 
$
9,485
  
$
465
  
$
91
  
$
1,911
  
$
11,022
 

  
Allowance for Loan Losses
  
Loans Receivable
 
  
Ending Balance June 30, 2017
Impairment Analysis
  
Ending Balance June 30, 2017
Impairment Analysis
 
(In thousands)
 
Individually
Evaluated
  
Collectively
Evaluated
  
Individually
Evaluated
  
Collectively
Evaluated
 
Residential real estate
 
$
278
  
$
2,011
  
$
1,455
  
$
243,876
 
Residential construction and land
  
-
   
89
   
-
   
7,160
 
Multi-family
  
-
   
43
   
-
   
9,199
 
Commercial real estate
  
135
   
5,454
   
1,249
   
256,715
 
Commercial construction
  
23
   
664
   
176
   
28,254
 
Home equity
  
-
   
234
   
186
   
20,890
 
Consumer installment
  
-
   
231
   
-
   
4,790
 
Commercial loans
  
-
   
1,680
   
186
   
60,195
 
Unallocated
  
-
   
180
   
-
   
-
 
Total
 
$
436
  
$
10,586
  
$
3,252
  
$
631,079
 

  
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
 
Schedule of Foreclosed Real Estate
The following table sets forth information regarding FRE as of June 30, 2017 and 2016:

(in thousands)
 
2017
  
2016
 
Residential real estate
 
$
-
  
$
61
 
Land
  
-
   
65
 
Commercial real estate
  
799
   
244
 
Total foreclosed real estate
 
$
799
  
$
370