Allowance for Loan Losses

9 Months Ended

Mar. 31, 2012

Allowance For Credit Losses [Abstract]

Allowance for Loan Losses

NOTE 8 – Allowance for Loan Losses

An analysis of the allowance for loan losses for the three months ended March 31, 2012 and 2011 is as follows:
Three months ended
March 31, 2012	Residential			Commercial			Residential					Consumer
	Real Estate			Real Estate			Construction		Commercial			and other			Unallocated		Total
Allowance for loan losses:	(in thousands)
Beginning balance	$	1,633		$	1,253		$	17	$	82		$	8		$	88	$	3,081
Charge-offs		(195	)		(33	)		-		-			(14	)		-		(242	)
Recoveries		2			-			-		3			8			-		13
Provision		109			66			23		(66	)		8			50		190
Ending Balance	$	1,549		$	1,286		$	40	$	19		$	10		$	138	$	3,042
Three months ended
March 31, 2011	Residential			Commercial			Residential					Consumer
	Real Estate			Real Estate			Construction		Commercial			and other			Unallocated		Total
Allowance for loan losses:	(in thousands)
Beginning balance	$	1,371		$	1,021		$	8	$	87		$	38		$	62	$	2,587
Charge-offs		-			-			-		-			(14	)		-		(14	)
Recoveries		2			-			-		15			11			-		28
Provision		87			124			11		(12	)		(29	)		37		218
Ending Balance	$	1,460		$	1,145		$	19	$	90		$	6		$	99	$	2,819
An analysis of the allowance for loan losses for the nine months ended March 31, 2012 and 2011 is as follows:
Nine months ended
March 31, 2012	Residential			Commercial			Residential					Consumer
	Real Estate			Real Estate			Construction		Commercial			and other			Unallocated		Total
Allowance for loan losses:	(in thousands)
Beginning balance	$	1,520		$	1,286		$	28	$	140		$	11		$	87	$	3,072
Charge-offs		(301	)		(509	)		-		-			(44	)		-		(854	)
Recoveries		5			-			-		9			19			-		33
Provision		325			509			12		(130	)		24			51		791
Ending Balance	$	1,549		$	1,286		$	40	$	19		$	10		$	138	$	3,042
Nine months ended
March 31, 2011	Residential			Commercial			Residential					Consumer
	Real Estate			Real Estate			Construction		Commercial			and other			Unallocated		Total
Allowance for loan losses:	(in thousands)
Beginning balance	$	1,332		$	901		$	10	$	297		$	43		$	68	$	2,651
Charge-offs		(207	)		(63	)		-		(212	)		(59	)		-		(541	)
Recoveries		4			-			-		15			30			-		49
Provision		331			307			9		(10	)		(8	)		31		660
Ending Balance	$	1,460		$	1,145		$	19	$	90		$	6		$	99	$	2,819

Further information pertaining to the allowance for loan losses at March 31, 2012 and June 30, 2011 is as follows:
At March 31, 2012	Residential		Commercial		Residential
	Real Estate		Real Estate		Construction		Commercial		Consumer		Unallocated		Total
(in thousands)
Amount of allowance for loan losses for loans deemed to be impaired	$	174	$	411	$	-	$	-	$	-	$	-	$	585
Amount of allowance for loan losses for loans collectively evaluated for impairment	$	1,375	$	875	$	40	$	19	$	10	$	138	$	2,457
Loans:
Total loans	$	199,285	$	45,112	$	3,803	$	3,563	$	828	$	-	$	252,591
Loans deemed to be impaired	$	3,337	$	7,624	$	-	$	130	$	24	$	-	$	11,115
Loans collectively evaluated for impairment	$	195,948	$	37,488	$	3,803	$	3,433	$	804	$	-	$	241,476
At June 30, 2011	Residential		Commercial		Residential
	Real Estate		Real Estate		Construction		Commercial		Consumer		Unallocated		Total
(in thousands)
Amount of allowance for loan losses for loans deemed to be impaired	$	236	$	686	$	-	$	-	$	6	$	-	$	928
Amount of allowance for loan losses for loans collectively evaluated for impairment	$	1,284	$	600	$	28	$	140	$	2	$	87	$	2,141
Loans:
Total loans	$	193,084	$	52,686	$	1,910	$	7,356	$	965	$	-	$	256,001
Loans deemed to be impaired	$	2,415	$	8,093	$	-	$	-	$	57	$	-	$	10,565
Loans collectively evaluated for impairment	$	190,669	$	44,593	$	1,910	$	7,356	$	908	$	-	$	245,436