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Loans and Allowance for Loan Losses (Tables)
 3 Months Ended
Sep. 30, 2021
Loans and Allowance for Loan Losses [Abstract]  
Major Loan Segments and Classes
Loan segments and classes at September 30, 2021 and June 30, 2021 are summarized as follows:

(In thousands)
  
September 30, 2021
    
June 30, 2021
  
Residential real estate:
            
Residential real estate
  
$
326,274
    
$
325,167
  
Residential construction and land
    
12,645
      
10,185
  
Multi-family
    
43,530
      
41,951
  
Commercial real estate:
                
Commercial real estate
    
511,117
      
472,887
  
Commercial construction
    
61,698
      
62,763
  
Consumer loan:
                
Home equity
    
18,736
      
18,285
  
Consumer installment
    
4,897
      
4,942
  
Commercial loans
    
139,887
      
172,228
  
Total gross loans
    
1,118,784
      
1,108,408
  
Allowance for loan losses
    
(20,493
)
    
(19,668
)
Unearned origination fees and costs, net
    
(1,475
)
    
(2,793
)
Loans receivable, net
  
$
1,096,816
    
$
1,085,947
  
Loan Balances by Internal Credit Quality Indicator
Loan balances by internal credit quality indicator at September 30, 2021 are shown below.

(In thousands)
  
Performing
    
Special Mention
    
Substandard
    
Total
  
Residential real estate
  
$
323,215
    
$
-
    
$
3,059
    
$
326,274
  
Residential construction and land
    
12,645
      
-
      
-
      
12,645
  
Multi-family
    
43,530
      
-
      
-
      
43,530
  
Commercial real estate
    
474,284
      
12,819
      
24,014
      
511,117
  
Commercial construction
    
60,798
      
-
      
900
      
61,698
  
Home equity
    
18,275
      
-
      
461
      
18,736
  
Consumer installment
    
4,897
      
-
      
-
      
4,897
  
Commercial loans
    
133,534
      
821
      
5,532
      
139,887
  
Total gross loans
  
$
1,071,178
    
$
13,640
    
$
33,966
    
$
1,118,784
  

Loan balances by internal credit quality indicator at June 30, 2021 are shown below.

(In thousands)
  
Performing
    
Special Mention
    
Substandard
    
Total
  
Residential real estate
  
$
321,826
    
$
88
    
$
3,253
    
$
325,167
  
Residential construction and land
    
10,185
      
-
      
-
      
10,185
  
Multi-family
    
41,589
      
-
      
362
      
41,951
  
Commercial real estate
    
441,004
      
9,690
      
22,193
      
472,887
  
Commercial construction
    
55,819
      
5,944
      
1,000
      
62,763
  
Home equity
    
17,727
      
-
      
558
      
18,285
  
Consumer installment
    
4,942
      
-
      
-
      
4,942
  
Commercial loans
    
165,649
      
963
      
5,616
      
172,228
  
Total gross loans
  
$
1,058,741
    
$
16,685
    
$
32,982
    
$
1,108,408
  
Delinquent and/or Nonaccrual Loans by Past Due Status
The following table sets forth information regarding delinquent and/or nonaccrual loans at September 30, 2021:

(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
  
$
-
    
$
1,799
    
$
226
    
$
2,025
    
$
324,249
    
$
326,274
    
$
1,150
  
Residential construction and land
    
-
      
-
      
-
      
-
      
12,645
      
12,645
      
-
  
Multi-family
    
-
      
-
      
-
      
-
      
43,530
      
43,530
      
-
  
Commercial real estate
    
-
      
5,543
      
123
      
5,666
      
505,451
      
511,117
      
428
  
Commercial construction
    
-
      
-
      
-
      
-
      
61,698
      
61,698
      
-
  
Home equity
    
32
      
-
      
128
      
160
      
18,576
      
18,736
      
140
  
Consumer installment
    
34
      
6
      
-
      
40
      
4,857
      
4,897
      
-
  
Commercial loans
    
-
      
553
      
23
      
576
      
139,311
      
139,887
      
182
  
Total gross loans
  
$
66
    
$
7,901
    
$
500
    
$
8,467
    
$
1,110,317
    
$
1,118,784
    
$
1,900
  

The following table sets forth information regarding delinquent and/or nonaccrual loans at June 30, 2021:

(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
  
$
-
    
$
630
    
$
650
    
$
1,280
    
$
323,887
    
$
325,167
    
$
1,324
  
Residential construction and land
    
-
      
-
      
-
      
-
      
10,185
      
10,185
      
-
  
Multi-family
    
-
      
-
      
-
      
-
      
41,951
      
41,951
      
-
  
Commercial real estate
    
-
      
5,266
      
123
      
5,389
      
467,498
      
472,887
      
444
  
Commercial construction
    
-
      
-
      
-
      
-
      
62,763
      
62,763
      
-
  
Home equity
    
33
      
40
      
224
      
297
      
17,988
      
18,285
      
237
  
Consumer installment
    
26
      
13
      
-
      
39
      
4,903
      
4,942
      
-
  
Commercial loans
    
-
      
230
      
117
      
347
      
171,881
      
172,228
      
296
  
Total gross loans
  
$
59
    
$
6,179
    
$
1,114
    
$
7,352
    
$
1,101,056
    
$
1,108,408
    
$
2,301
  
Nonaccrual Loans, Interest Income Data
The table below details additional information related to nonaccrual loans for the three months ended September 30:

(In thousands)
  
2021
    
2020
  
Interest income that would have been recorded if loans had been performing in accordance with original terms
  
$
50
    
$
135
  
Interest income that was recorded on nonaccrual loans
    
22
      
38
  
Impaired Loans by Loan Portfolio Class
The tables below detail additional information on impaired loans at the date or periods indicated:

   
At September 30, 2021
    
For the three months ended
September 30, 2021
  
(In thousands)
  
Recorded
Investment
    
Unpaid
Principal
    
Related
Allowance
    
Average
Recorded
Investment
    
Interest
Income
Recognized
  
With no related allowance recorded:
                        
Residential real estate
  
$
236
    
$
236
    
$
-
    
$
221
    
$
-
  
Commercial real estate
    
783
      
783
      
-
      
445
      
3
  
Home equity
    
128
      
128
      
-
      
128
      
-
  
Commercial loans
    
109
      
109
      
-
      
98
      
-
  
Total impaired loans with no allowance
    
1,256
      
1,256
      
-
      
892
      
3
  
                                         
With an allowance recorded:
                                        
Residential real estate
    
716
      
716
      
102
      
718
      
5
  
Commercial real estate     450       450       54       780       10  
Commercial construction
    
102
      
102
      
1
      
102
      
-
  
Home equity
    
321
      
321
      
45
      
321
      
3
  
Commercial loans
    
3,225
      
3,225
      
208
      
3,228
      
40
  
Total impaired loans with allowance
    
4,814
      
4,814
      
410
      
5,149
      
58
  
                                         
Total impaired:
                                        
Residential real estate
    
952
      
952
      
102
      
939
      
5
  
Commercial real estate
    
1,233
      
1,233
      
54
      
1,225
      
13
  
Commercial construction
    
102
      
102
      
1
      
102
      
-
  
Home equity
    
449
      
449
      
45
      
449
      
3
  
Commercial loans
    
3,334
      
3,334
      
208
      
3,326
      
40
  
Total impaired loans
  
$
6,070
    
$
6,070
    
$
410
    
$
6,041
    
$
61
  

   
As of June 30, 2021
    
For the three months ended
September 30, 2020
  
(In thousands)
  
Recorded
Investment
    
Unpaid
Principal
    
Related
Allowance
    
Average
Recorded
Investment
    
Interest
Income
Recognized
  
With no related allowance recorded:
            
Residential real estate
  
$
370
    
$
370
    
$
-
    
$
402
    
$
5
  
Multi-family
    
-
      
-
      
-
      
121
      
-
  
Commercial real estate
    
281
      
281
      
-
      
335
      
1
  
Home equity
    
224
      
224
      
-
      
128
      
-
  
Commercial loans
    
95
      
95
      
-
      
277
      
-
  
Impaired loans with no allowance
    
970
      
970
      
-
      
1,263
      
6
  
                     
                 
With an allowance recorded:
                                        
Residential real estate
    
723
      
723
      
103
      
1,385
      
5
  
Commercial real estate
    
945
      
945
      
58
      
-
      
-
  
Commercial construction
    
102
      
102
      
1
      
102
      
-
  
Home equity
    
321
      
321
      
73
      
430
      
4
  
Commercial Loans
    
3,234
      
3,234
      
156
      
-
      
-
  
Impaired loans with allowance
    
5,325
      
5,325
      
391
      
1,917
      
9
  
                                         
Total impaired:
                                        
Residential real estate
    
1,093
      
1,093
      
103
      
1,787
      
10
  
Multi-family
    
-
      
-
      
-
      
121
      
-
  
Commercial real estate
    
1,226
      
1,226
      
58
      
335
      
1
  
Commercial construction
    
102
      
102
      
1
      
102
      
-
  
Home equity
    
545
      
545
      
73
      
558
      
4
  
Commercial loans
    
3,329
      
3,329
      
156
      
277
      
-
  
Total impaired loans
  
$
6,295
    
$
6,295
    
$
391
    
$
3,180
    
$
15
  
Loans Modified as Troubled Debt Restructuring
The table below detail loans that have been modified as a troubled debt restructuring during the year ended June 30, 2021.

(Dollars in thousands)
  
Number of
Contracts
    
Pre-Modification
Outstanding
Recorded
Investment
    
Post-
Modification
Outstanding
Recorded
Investment
    
Current
Outstanding
Recorded
Investment
  
For the year ended June 30,2021
                        
Commercial loans
    
5
    
$
3,001
    
$
2,903
     $ 2,896  
Commercial real estate
    
3
      
1,325
      
1,287
       1,284  
Residential
    
1
      
70
      
70
       69  
Loans that Have Payments Deferred The following table details loans that have payments deferred as of September 30, 2021.


 
Full Payment Deferral
    
Principal Payment Deferral
    
Total Deferral
  
(Dollars in thousands)
  
Balance
    
Number
of Loans
    
Balance
    
Number
of Loans
    
Balance
    
Number
of Loans
  
                                     
Commercial real estate
    
6,043
      
1
      
418
      
2
      
6,461
      
3
  
Commercial loans
    
509
      
1
      
-
      
-
      
509
      
1
  
Residential
    
44
      
1
      
127
      
1
      
171
      
2
  
Total
  
$
6,596
      
3
    
$
545
      
3
    
$
7,141
      
6
  

The following table details loans that have payments deferred at June 30, 2021.

   
Full Payment Deferral
    
Principal Payment Deferral
    
Total Deferral
  
(Dollars in thousands)
  
Balance
    
Number
of Loans
    
Balance
    
Number
of Loans
    
Balance
    
Number
of Loans
  
                                     
Commercial real estate
    
6,119
      
3
      
1,346
      
3
      
7,465
      
6
  
Commercial loans
    
572
      
2
      
-
      
-
      
572
      
2
  
Total
  
$
6,691
      
5
    
$
1,346
      
3
    
$
8,037
      
8
  
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 class during and at the periods indicated. The allowance is allocated to each loan class based on historical loss experience, current economic conditions, and other considerations.

   
Activity for the three months ended September 30, 2021
  
(In thousands)
  
Balance at
June 30, 2021
    
Charge-offs
    
Recoveries
    
Provision
    
Balance at
September 30, 2021
  
Residential real estate
  
$
2,012
    
$
-
    
$
-
    
$
(15
)
  
$
1,997
  
Residential construction and land
    
106
      
-
      
-
      
14
      
120
  
Multi-family
    
186
      
-
      
-
      
(86
)
    
100
  
Commercial real estate
    
13,049
      
-
      
-
      
1,249
      
14,298
  
Commercial construction
    
1,535
      
-
      
-
      
(337
)
    
1,198
  
Home equity
    
165
      
-
      
-
      
(25
)
    
140
  
Consumer installment
    
267
      
104
      
37
      
90
      
290
  
Commercial loans
    
2,348
      
97
      
1
      
98
      
2,350
  
Total
  
$
19,668
    
$
201
    
$
38
    
$
988
    
$
20,493
  

   
Allowance for Loan Losses
    
Loans Receivable
  
   
Ending Balance At September 30, 2021
Impairment Analysis
    
Ending Balance At September 30, 2021
Impairment Analysis
  
(In thousands)
  
Individually
Evaluated
    
Collectively
Evaluated
    
Individually
Evaluated
    
Collectively
Evaluated
  
Residential real estate
  
$
102
    
$
1,895
    
$
952
    
$
325,322
  
Residential construction and land
    
-
      
120
      
-
      
12,645
  
Multi-family
    
-
      
100
      
-
      
43,530
  
Commercial real estate
    
54
      
14,244
      
1,233
      
509,884
  
Commercial construction
    
1
      
1,197
      
102
      
61,596
  
Home equity
    
45
      
95
      
449
      
18,287
  
Consumer installment
    
-
      
290
      
-
      
4,897
  
Commercial loans
    
208
      
2,142
      
3,334
      
136,553
  
Total
  
$
410
    
$
20,083
    
$
6,070
    
$
1,112,714
  

   
Activity for the three months ended September 30, 2020
  
(In thousands)
  
Balance at
June 30,
2020
    
Charge-offs
    
Recoveries
    
Provision
    
Balance at
September 30, 2020
  
Residential real estate
  
$
2,091
    
$
-
    
$
3
    
$
(631
)
  
$
1,463
  
Residential construction and land
    
141
      
-
      
-
      
(23
)
    
118
  
Multi-family
    
176
      
-
      
-
      
4
      
180
  
Commercial real estate
    
8,634
      
-
      
-
      
750
      
9,384
  
Commercial construction
    
2,053
      
-
      
-
      
(92
)
    
1,961
  
Home equity
    
295
      
-
      
-
      
(23
)
    
272
  
Consumer installment
    
197
      
61
      
20
      
194
      
350
  
Commercial loans
    
2,804
      
-
      
-
      
1,064
      
3,868
  
Total
  
$
16,391
    
$
61
    
$
23
    
$
1,243
    
$
17,596
  

   
Allowance for Loan Losses
    
Loans Receivable
  
   
Ending Balance June 30, 2021
Impairment Analysis
    
Ending Balance June 30, 2021
Impairment Analysis
  
(In thousands)
  
Individually
Evaluated
    
Collectively
Evaluated
    
Individually
Evaluated
    
Collectively
Evaluated
  
Residential real estate
  
$
103
    
$
1,909
    
$
1,093
    
$
324,074
  
Residential construction and land
    
-
      
106
      
-
      
10,185
  
Multi-family
    
-
      
186
      
-
      
41,951
  
Commercial real estate
    
58
      
12,991
      
1,226
      
471,661
  
Commercial construction
    
1
      
1,534
      
102
      
62,661
  
Home equity
    
73
      
92
      
545
      
17,740
  
Consumer installment
    
-
      
267
      
-
      
4,942
  
Commercial loans
    
156
      
2,192
      
3,329
      
168,899
  
Total
  
$
391
    
$
19,277
    
$
6,295
    
$
1,102,113
  
Foreclosed Real Estate The following table sets forth information regarding FRE at September 30, 2021 and June 30, 2021:

(in thousands)
  
September 30, 2021
    
June 30, 2021
  
Residential real estate
  
$
64
    
$
64
  
Total foreclosed real estate
  
$
64
    
$
64