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Loans and Allowance for Loan Losses (Tables)
 9 Months Ended
Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Loans
Loans at June 30, 2013 and September 30, 2012 consisted of the following:
 
 
 
June 30,
 
September 30,
 
 
 
2013
 
2012
 
 
 
(In thousands)
 
Real estate mortgage:
 
 
 
 
 
 
 
1-4 family residential
 
$
184,680
 
$
190,958
 
Commercial
 
 
115,546
 
 
90,290
 
Multifamily residential
 
 
27,148
 
 
23,879
 
Residential construction
 
 
11,918
 
 
10,748
 
Commercial construction
 
 
6,741
 
 
5,182
 
Land and land development
 
 
10,588
 
 
12,320
 
Commercial business loans
 
 
31,866
 
 
36,189
 
Consumer:
 
 
 
 
 
 
 
Home equity loans
 
 
17,179
 
 
18,294
 
Auto loans
 
 
6,935
 
 
8,219
 
Other consumer loans
 
 
3,584
 
 
4,114
 
Gross loans
 
 
416,185
 
 
400,193
 
 
 
 
 
 
 
 
 
Deferred loan origination fees and costs, net
 
 
213
 
 
382
 
Undisbursed portion of loans in process
 
 
(6,581)
 
 
(6,602)
 
Allowance for loan losses
 
 
(5,335)
 
 
(4,906)
 
 
 
 
 
 
 
 
 
Loans, net
 
$
404,482
 
$
389,067
 
Components of Recorded Investment in Loans for Each Portfolio Class
The following table provides the components of the recorded investment in loans for each portfolio segment as of June 30, 2013:
 
 
 
Residential
Real Estate
 
 
Commercial
Real Estate
 
 
Multifamily
 
 
Construction
 
 
Land & Land
Development
 
 
Commercial
Business
 
 
Consumer
 
 
Total
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded Investment in Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal loan balance
 
$
184,680
 
 
$
115,546
 
 
$
27,148
 
 
$
12,078
 
 
$
10,588
 
 
$
31,866
 
 
$
27,698
 
 
$
409,604
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued interest receivable
 
 
649
 
 
 
305
 
 
 
57
 
 
 
23
 
 
 
44
 
 
 
118
 
 
 
80
 
 
 
1,276
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net deferred loan origination fees and costs
 
 
448
 
 
 
(146
)
 
 
(41
)
 
 
(49
)
 
 
(2
)
 
 
(10
)
 
 
13
 
 
 
213
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment in loans
 
$
185,777
 
 
$
115,705
 
 
$
27,164
 
 
$
12,052
 
 
$
10,630
 
 
$
31,974
 
 
$
27,791
 
 
$
411,093
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded Investment in Loans as Evaluated for Impairment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
6,231
 
 
$
2,070
 
 
$
2,318
 
 
$
177
 
 
$
-
 
 
$
237
 
 
$
406
 
 
$
11,439
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
 
 
178,908
 
 
 
113,635
 
 
 
24,846
 
 
 
11,875
 
 
 
10,630
 
 
 
31,737
 
 
 
27,351
 
 
 
398,982
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired with deteriorated credit quality
 
 
638
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
34
 
 
 
672
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
185,777
 
 
$
115,705
 
 
$
27,164
 
 
$
12,052
 
 
$
10,630
 
 
$
31,974
 
 
$
27,791
 
 
$
411,093
 
    
The following table provides the components of the recorded investment in loans for each portfolio segment as of September 30, 2012:
 
 
 
Residential
Real Estate
 
 
Commercial
Real Estate
 
 
Multifamily
 
 
Construction
 
 
Land & Land
Development
 
 
Commercial
Business
 
 
Consumer
 
 
Total
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded Investment in Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Principal loan balance
 
$
190,958
 
 
$
90,290
 
 
$
23,879
 
 
$
9,328
 
 
$
12,320
 
 
$
36,189
 
 
$
30,627
 
 
$
393,591
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued interest receivable
 
 
691
 
 
 
305
 
 
 
69
 
 
 
21
 
 
 
43
 
 
 
128
 
 
 
101
 
 
 
1,358
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net deferred loan origination fees and costs
 
 
502
 
 
 
(75
)
 
 
(6
)
 
 
(41
)
 
 
(5
)
 
 
(13
)
 
 
20
 
 
 
382
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded investment in loans
 
$
192,151
 
 
$
90,520
 
 
$
23,942
 
 
$
9,308
 
 
$
12,358
 
 
$
36,304
 
 
$
30,748
 
 
$
395,331
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Recorded Investment in Loans as Evaluated for Impairment:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
5,210
 
 
$
1,993
 
 
$
2,356
 
 
$
174
 
 
$
-
 
 
$
80
 
 
$
333
 
 
$
10,146
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
 
 
186,236
 
 
 
88,331
 
 
 
21,586
 
 
 
9,134
 
 
 
12,358
 
 
 
36,224
 
 
 
30,379
 
 
 
384,248
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired with deteriorated credit quality
 
 
705
 
 
 
196
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
36
 
 
 
937
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
192,151
 
 
$
90,520
 
 
$
23,942
 
 
$
9,308
 
 
$
12,358
 
 
$
36,304
 
 
$
30,748
 
 
$
395,331
 
Allowance for Loan Losses
An analysis of the allowance for loan losses as of June 30, 2013 is as follows:
 
 
 
 
Residential
Real Estate
 
 
Commercial
Real Estate
 
 
Multifamily
 
 
Construction
 
 
Land & Land
Development
 
 
Commercial
Business
 
 
Consumer
 
 
Total
 
 
 
(In thousands)
 
 
 
 
Ending Allowance Balance Attributable to Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
39
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
11
 
 
$
50
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
 
 
777
 
 
 
2,204
 
 
 
234
 
 
 
99
 
 
 
72
 
 
 
1,688
 
 
 
211
 
 
 
5,285
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired with deteriorated credit quality
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
816
 
 
$
2,204
 
 
$
234
 
 
$
99
 
 
$
72
 
 
$
1,688
 
 
$
222
 
 
$
5,335
 
 
 
An analysis of the allowance for loan losses as of September 30, 2012 is as follows:
 
 
 
 
Residential
Real Estate
 
 
Commercial
Real Estate
 
 
 
Multifamily
 
 
 
Construction
 
 
Land & Land
Development
 
 
Commercial
Business
 
 
 
Consumer
 
 
 
Total
 
 
 
(In thousands)
 
 
 
 
Ending Allowance Balance Attributable to Loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Individually evaluated for impairment
 
$
-
 
 
$
60
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
-
 
 
$
14
 
 
$
74
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collectively evaluated for impairment
 
 
908
 
 
 
2,144
 
 
 
389
 
 
 
52
 
 
 
2
 
 
 
1,084
 
 
 
253
 
 
 
4,832
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired with deteriorated credit quality
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
908
 
 
$
2,204
 
 
$
389
 
 
$
52
 
 
$
2
 
 
$
1,084
 
 
$
267
 
 
$
4,906
 
Changes in Allowance for Loan Losses
An analysis of the changes in the allowance for loan losses for the three months ended June 30, 2013 is as follows:
 
 
 
Residential
Real Estate
 
 
Commercial
Real Estate
 
 
 
Multifamily
 
 
 
Construction
 
 
Land & Land
Development
 
 
Commercial
Business
 
 
 
Consumer
 
 
 
Total
 
 
 
(In thousands)
 
 
 
 
Changes in Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
881
 
 
$
2,171
 
 
$
328
 
 
$
63
 
 
$
43
 
 
$
1,664
 
 
$
239
 
 
$
5,389
 
Provisions
 
 
(29
)
 
 
33
 
 
 
(94
)
 
 
36
 
 
 
29
 
 
 
590
 
 
(5
) 
 
 
560
 
Charge-offs
 
 
(40
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(606
)
 
 
(26
)
 
 
(672
)
Recoveries
 
 
4
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
40
 
 
 
14
 
 
 
58
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
816
 
 
$
2,204
 
 
$
234
 
 
$
99
 
 
$
72
 
 
$
1,688
 
 
$
222
 
 
$
5,335
 
 
 
 
An analysis of the changes in the allowance for loan losses for the nine months ended June 30, 2013 is as follows:
 
 
 
Residential
Real Estate
 
 
Commercial
Real Estate
 
 
 
Multifamily
 
 
 
Construction
 
 
Land & Land
Development
 
 
Commercial
Business
 
 
 
Consumer
 
 
 
Total
 
 
 
(In thousands)
 
 
 
 
Changes in Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
908
 
 
$
2,204
 
 
$
389
 
 
$
52
 
 
$
2
 
 
$
1,084
 
 
$
267
 
 
$
4,906
 
Provisions
 
 
50
 
 
 
(14
)
 
 
(155
)
 
 
47
 
 
 
70
 
 
 
1,576
 
 
 
(12
)
 
 
1,562
 
Charge-offs
 
 
(196
)
 
 
(11
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(1,013
)
 
 
(79
)
 
 
(1,299
)
Recoveries
 
 
54
 
 
 
25
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
41
 
 
 
46
 
 
 
166
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
816
 
 
$
2,204
 
 
$
234
 
 
$
99
 
 
$
72
 
 
$
1,688
 
 
$
222
 
 
$
5,335
 
 
   
An analysis of the changes in the allowance for loan losses for the three months ended June 30, 2012 is as follows:
 
 
 
Residential
Real Estate
 
 
Commercial
Real Estate
 
 
 
Multifamily
 
 
 
Construction
 
 
Land & Land
Development
 
 
Commercial
Business
 
 
 
Consumer
 
 
 
Total
 
 
 
(In thousands)
 
 
 
 
Changes in Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
979
 
 
$
1,612
 
 
$
647
 
 
$
64
 
 
$
33
 
 
$
1,379
 
 
$
209
 
 
$
4,923
 
Provisions
 
 
29
 
 
 
547
 
 
 
(182
)
 
 
15
 
 
 
(9
)
 
 
(165
)
 
 
73
 
 
 
308
 
Charge-offs
 
 
(85
)
 
 
(178
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(33
)
 
 
(61
)
 
 
(357
)
Recoveries
 
 
2
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
19
 
 
 
21
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
925
 
 
$
1,981
 
 
$
465
 
 
$
79
 
 
$
24
 
 
$
1,181
 
 
$
240
 
 
$
4,895
 
 
 
An analysis of the changes in the allowance for loan losses for the nine months ended June 30, 2012 is as follows:
 
 
 
Residential
Real Estate
 
 
Commercial
Real Estate
 
 
 
Multifamily
 
 
 
Construction
 
 
Land & Land
Development
 
 
Commercial
Business
 
 
 
Consumer
 
 
 
Total
 
 
 
(In thousands)
 
 
 
 
Changes in Allowance for Loan Losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
833
 
 
$
1,314
 
 
$
604
 
 
$
56
 
 
$
53
 
 
$
1,525
 
 
$
287
 
 
$
4,672
 
Provisions
 
 
359
 
 
 
859
 
 
 
(139
)
 
 
23
 
 
 
(29
)
 
 
(312
)
 
 
136
 
 
 
897
 
Charge-offs
 
 
(375
)
 
 
(192
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(33
)
 
 
(228
)
 
 
(828
)
Recoveries
 
 
108
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1
 
 
 
45
 
 
 
154
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
 
$
925
 
 
$
1,981
 
 
$
465
 
 
$
79
 
 
$
24
 
 
$
1,181
 
 
$
240
 
 
$
4,895
 
Impaired Loans Individually Evaluated for Impairment
The following table presents impaired loans individually evaluated for impairment as of June 30, 2013 and for the three and nine months ended June 30, 2013 and 2012. Interest income received and recognized  recognize any interest income on impaired loans for the three and nine months ended June 30, 2013 and 2012 was immaterial.
 
 
 
At June 30, 2013
 
 
Three Months Ended June 30,
 
 
Nine Months Ended June 30,
 
 
 
Recorded
Investment
 
 
Unpaid Principal Balance
 
 
Related Allowance
 
 
2013
Average Recorded Investment
 
 
2012
Average Recorded Investment
 
 
2013
Average Recorded Investment
 
 
2012
Average Recorded Investment
 
 
 
(In thousands)
 
Loans with no related allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
4,200
 
 
$
4,503
 
 
$
-
 
 
$
4,634
 
 
$
2,303
 
 
$
4,615
 
 
$
2,927
 
Commercial real estate
 
 
794
 
 
 
829
 
 
 
-
 
 
 
766
 
 
 
1,316
 
 
 
754
 
 
 
1,082
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Construction
 
 
177
 
 
 
174
 
 
 
-
 
 
 
174
 
 
 
174
 
 
 
174
 
 
 
174
 
Land and land development
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
340
 
 
 
-
 
 
 
340
 
Commercial business
 
 
218
 
 
 
218
 
 
 
-
 
 
 
443
 
 
 
82
 
 
 
498
 
 
 
41
 
Consumer
 
 
179
 
 
 
177
 
 
 
-
 
 
 
183
 
 
 
110
 
 
 
173
 
 
 
103
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
5,568
 
 
$
5,901
 
 
$
-
 
 
$
6,200
 
 
$
4,325
 
 
$
6,214
 
 
$
4,667
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans with an allowance recorded:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
135
 
 
$
133
 
 
$
39
 
 
$
136
 
 
$
150
 
 
$
174
 
 
$
156
 
Commercial real estate
 
 
-
 
 
 
-
 
 
 
-
 
 
 
147
 
 
 
221
 
 
 
141
 
 
 
229
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Construction
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Land and land development
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
-
 
 
 
-
 
 
 
-
 
 
 
247
 
 
 
-
 
 
 
219
 
 
 
-
 
Consumer
 
 
73
 
 
 
73
 
 
 
11
 
 
 
70
 
 
 
176
 
 
 
80
 
 
 
128
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
208
 
 
$
206
 
 
$
50
 
 
$
600
 
 
$
547
 
 
$
614
 
 
$
513
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
4,335
 
 
$
4,636
 
 
$
39
 
 
$
4,770
 
 
$
2,453
 
 
$
4,789
 
 
$
3,083
 
Commercial real estate
 
 
794
 
 
 
829
 
 
 
-
 
 
 
913
 
 
 
1,537
 
 
 
895
 
 
 
1,311
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Construction
 
 
177
 
 
 
174
 
 
 
-
 
 
 
174
 
 
 
174
 
 
 
174
 
 
 
174
 
Land and land development
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
340
 
 
 
-
 
 
 
340
 
Commercial business
 
 
218
 
 
 
218
 
 
 
-
 
 
 
690
 
 
 
82
 
 
 
717
 
 
 
41
 
Consumer
 
 
252
 
 
 
250
 
 
 
11
 
 
 
253
 
 
 
286
 
 
 
253
 
 
 
231
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
5,776
 
 
$
6,107
 
 
$
50
 
 
$
6,800
 
 
$
4,872
 
 
$
6,828
 
 
$
5,180
 
   
The following table presents impaired loans individually evaluated for impairment as of September 30, 2012.
 
 
 
Recorded
Investment
 
 
Unpaid
Principal 
Balance
 
 
Related
Allowance
 
 
 
(In thousands)
 
 
Loans with no related allowance recorded:
Residential real estate
 
$
2,775
 
 
$
3,161
 
 
$
-
 
Commercial real estate
 
 
745
 
 
 
772
 
 
 
-
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
Construction
 
 
174
 
 
 
174
 
 
 
-
 
Land and land development
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
66
 
 
 
65
 
 
 
-
 
Consumer
 
 
97
 
 
 
99
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
3,857
 
 
$
4,271
 
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans with an allowance recorded:
Residential real estate
 
$
-
 
 
$
-
 
 
$
-
 
Commercial real estate
 
 
154
 
 
 
146
 
 
 
60
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
Construction
 
 
-
 
 
 
-
 
 
 
-
 
Land and land development
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
-
 
 
 
-
 
 
 
-
 
Consumer
 
 
78
 
 
 
78
 
 
 
14
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
232
 
 
$
224
 
 
$
74
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total:
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
2,775
 
 
$
3,161
 
 
$
-
 
Commercial real estate
 
 
899
 
 
 
918
 
 
 
60
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
Construction
 
 
174
 
 
 
174
 
 
 
-
 
Land and land development
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
66
 
 
 
65
 
 
 
-
 
Consumer
 
 
175
 
 
 
177
 
 
 
14
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
4,089
 
 
$
4,495
 
 
$
74
 
Recorded Investment in Nonperforming Loans by Class of Loans
Nonperforming loans consists of nonaccrual loans and loans over 90 days past due and still accruing interest. The following table presents the recorded investment in nonperforming loans at June 30, 2013:
 
 
 
Nonaccrual
Loans
 
 
Loans 90+
Days
Past Due
Still Accruing
 
 
Total
Nonperforming
Loans
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
4,335
 
 
$
255
 
 
$
4,590
 
Commercial real estate
 
 
794
 
 
 
226
 
 
 
1,020
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
Construction
 
 
177
 
 
 
-
 
 
 
177
 
Land and land development
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
218
 
 
 
152
 
 
 
370
 
Consumer
 
 
252
 
 
 
24
 
 
 
276
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
5,776
 
 
$
657
 
 
$
6,433
 
  
The following table presents the recorded investment in nonperforming loans at September 30, 2012:
 
 
 
Nonaccrual
Loans
 
 
Loans 90+
Days
Past Due
Still Accruing
 
 
Total
Nonperforming
Loans
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
2,775
 
 
$
1,548
 
 
$
4,323
 
Commercial real estate
 
 
899
 
 
 
3
 
 
 
902
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
Construction
 
 
174
 
 
 
-
 
 
 
174
 
Land and land development
 
 
-
 
 
 
-
 
 
 
-
 
Commercial business
 
 
66
 
 
 
98
 
 
 
164
 
Consumer
 
 
175
 
 
 
94
 
 
 
269
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
4,089
 
 
$
1,743
 
 
$
5,832
 
Aging of Recorded Investment in Past Due Loans
The following table presents the aging of the recorded investment in past due loans at June 30, 2013:
 
 
 
30-59 
Days
Past Due
 
 
60-89 
Days
Past Due
 
 
90 +
Days
Past Due
 
 
Total
Past Due
 
 
Current
 
 
Total
Loans
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
3,243
 
 
$
1,747
 
 
$
3,468
 
 
$
8,458
 
 
$
177,319
 
 
$
185,777
 
Commercial real estate
 
 
242
 
 
 
40
 
 
 
897
 
 
 
1,179
 
 
 
114,526
 
 
 
115,705
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
27,164
 
 
 
27,164
 
Construction
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
12,052
 
 
 
12,052
 
Land and land development
 
 
46
 
 
 
136
 
 
 
-
 
 
 
182
 
 
 
10,448
 
 
 
10,630
 
Commercial business
 
 
99
 
 
 
12
 
 
 
370
 
 
 
481
 
 
 
31,493
 
 
 
31,974
 
Consumer
 
 
202
 
 
 
61
 
 
 
192
 
 
 
455
 
 
 
27,336
 
 
 
27,791
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
3,832
 
 
$
1,996
 
 
$
4,927
 
 
$
10,755
 
 
$
400,338
 
 
$
411,093
 
 
The following table presents the aging of the recorded investment in past due loans at September 30, 2012:
 
 
 
30-59 
Days
Past Due
 
 
60-89 
Days
Past Due
 
 
90 +
Days
Past Due
 
 
Total
Past Due
 
 
Current
 
 
Total
Loans
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
4,636
 
 
$
1,926
 
 
$
3,754
 
 
$
10,316
 
 
$
181,835
 
 
$
192,151
 
Commercial real estate
 
 
20
 
 
 
90
 
 
 
833
 
 
 
943
 
 
 
89,577
 
 
 
90,520
 
Multifamily
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
23,942
 
 
 
23,942
 
Construction
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
9,308
 
 
 
9,308
 
Land and land development
 
 
51
 
 
 
-
 
 
 
-
 
 
 
51
 
 
 
12,307
 
 
 
12,358
 
Commercial business
 
 
109
 
 
 
-
 
 
 
164
 
 
 
273
 
 
 
36,031
 
 
 
36,304
 
Consumer
 
 
286
 
 
 
98
 
 
 
174
 
 
 
558
 
 
 
30,190
 
 
 
30,748
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
5,102
 
 
$
2,114
 
 
$
4,925
 
 
$
12,141
 
 
$
383,190
 
 
$
395,331
 
Recorded Investment in Loans by Risk Category
As of June 30, 2013, and based on the most recent analysis performed, the recorded investment in loans by risk category was as follows:
 
 
 
Residential
Real Estate
 
 
Commercial
Real Estate
 
 
Multifamily
 
 
Construction
 
 
Land and Land
Development
 
 
Commercial
Business
 
 
Consumer
 
 
Total
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
 
$
173,082
 
 
$
108,262
 
 
$
27,164
 
 
$
12,052
 
 
$
9,800
 
 
$
29,530
 
 
$
27,102
 
 
$
386,992
 
Special Mention
 
 
2,810
 
 
 
408
 
 
 
-
 
 
 
-
 
 
 
830
 
 
 
451
 
 
 
80
 
 
 
4,579
 
Substandard
 
 
9,493
 
 
 
6,554
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1,788
 
 
 
549
 
 
 
18,384
 
Doubtful
 
 
392
 
 
 
481
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
205
 
 
 
60
 
 
 
1,138
 
Loss
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
185,777
 
 
$
115,705
 
 
$
27,164
 
 
$
12,052
 
 
$
10,630
 
 
$
31,974
 
 
$
27,791
 
 
$
411,093
 
 
As of September 30, 2012, the recorded investment in loans by risk category was as follows:
 
 
 
Residential
Real Estate
 
 
Commercial
Real Estate
 
 
Multifamily
 
 
Construction
 
 
Land and Land
Development
 
 
Commercial
Business
 
 
Consumer
 
 
Total
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pass
 
$
175,694
 
 
$
85,439
 
 
$
21,268
 
 
$
9,308
 
 
$
11,942
 
 
$
32,687
 
 
$
29,993
 
 
$
366,331
 
Special Mention
 
 
4,919
 
 
 
2,642
 
 
 
318
 
 
 
-
 
 
 
416
 
 
 
2,158
 
 
 
142
 
 
 
10,595
 
Substandard
 
 
11,130
 
 
 
1,805
 
 
 
2,356
 
 
 
-
 
 
 
-
 
 
 
1,459
 
 
 
600
 
 
 
17,350
 
Doubtful
 
 
408
 
 
 
634
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
13
 
 
 
1,055
 
Loss
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
192,151
 
 
$
90,520
 
 
$
23,942
 
 
$
9,308
 
 
$
12,358
 
 
$
36,304
 
 
$
30,748
 
 
$
395,331
 
Recorded Investment in Troubled Debt Restructurings by Class of Loan and Accrual Status
The following table summarizes the Company’s recorded investment in TDRs by class of loan and accrual status at June 30, 2013 and September 30, 2012:
 
 
 
Accruing
 
 
Nonaccrual
 
 
Total
 
 
Related
Allowance
For Loan
Losses
 
 
 
(In thousands)
 
June 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
2,197
 
 
$
778
 
 
$
2,975
 
 
$
-
 
Commercial real estate
 
 
1,276
 
 
 
-
 
 
 
1,276
 
 
 
-
 
Multifamily
 
 
2,318
 
 
 
-
 
 
 
2,318
 
 
 
-
 
Commercial business
 
 
19
 
 
 
13
 
 
 
32
 
 
 
-
 
Consumer
 
 
154
 
 
 
-
 
 
 
154
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
5,964
 
 
$
791
 
 
$
6,755
 
 
$
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
2,993
 
 
$
-
 
 
$
2,993
 
 
$
-
 
Commercial real estate
 
 
1,290
 
 
 
-
 
 
 
1,290
 
 
 
-
 
Multifamily
 
 
2,356
 
 
 
-
 
 
 
2,356
 
 
 
-
 
Commercial business
 
 
14
 
 
 
-
 
 
 
14
 
 
 
-
 
Consumer
 
 
158
 
 
 
-
 
 
 
158
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
$
6,811
 
 
$
-
 
 
$
6,811
 
 
$
-
 
Troubled Debt Restructurings
The following table summarizes information in regard to TDRs that were restructured during the three- and nine-month periods ended June 30, 2013 and 2012:
 
 
 
Number of
Loans
 
 
Pre-
Modification
Principal
Balance
 
 
Post-
Modification
Principal
Balance
 
 
 
(In thousands)
 
 
June 30, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended June 30, 2013:
 
 
 
 
 
 
 
 
Residential real estate
 
 
2
 
 
$
143
 
 
$
143
 
Commercial business
 
 
1
 
 
 
18
 
 
 
20
 
Consumer
 
 
1
 
 
 
5
 
 
 
5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
4
 
 
$
166
 
 
$
168
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2012:
 
 
 
 
 
 
 
 
Residential real estate
 
 
6
 
 
$
830
 
 
$
883
 
Consumer
 
 
1
 
 
 
159
 
 
 
160
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
7
 
 
$
989
 
 
$
1,043
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended June 30, 2012:
 
 
 
 
 
 
 
 
Residential real estate
 
 
13
 
 
$
1,620
 
 
$
1,672
 
Commercial real estate
 
 
1
 
 
 
772
 
 
 
506
 
Multifamily
 
 
1
 
 
 
1,797
 
 
 
2,313
 
Consumer
 
 
1
 
 
 
159
 
 
 
160
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
16
 
 
$
4,348
 
 
$
4,651