Loans Receivable (Tables)

12 Months Ended

Jun. 30, 2015

Loans receivable at June 30, 2015 and 2014, are summarized as follows:

	2015			2014
	(In Thousands)
Loans Secured by Mortgages on Real Estate
One- to Four-Family Residential	$	103,332		$	89,545
Commercial		62,080			56,266
Multi-Family Residential		15,246			20,368
Land		19,866			19,945
Construction		17,620			12,505
Equity and Second Mortgage		2,460			2,563
Equity Lines of Credit		22,187			14,950

Total Mortgage Loans		242,791			216,142

Commercial Loans		28,019			25,749
Consumer Loans
Loans on Savings Accounts		209			255
Automobile and Other Consumer Loans		110			111

Total Consumer and Other Loans		319			366
Total Loans		271,129			242,257

Less: Allowance for Loan Losses		(2,515	)		(2,396	)
Unamortized Loan Fees		(187	)		(298	)

Net Loans Receivable	$	268,427		$	239,563

Analysis of Allowance for Loan Losses

An analysis of the allowance for loan losses follows:

	2015			2014
	(In Thousands)

Balance - Beginning of Year	$	2,396		$	2,240
Provision for Loan Losses		300			168
Loan Charge-Offs		(181	)		(12	)

Balance - End of Year	$	2,515		$	2,396

Fixed Rate Loans and Adjustable Rate Loans Receivable

Fixed rate loans receivable as of June 30, 2015, are scheduled to mature and adjustable rate loans are scheduled to re-price as follows (in thousands):

	Under		Over One		Over Five		Over
	One		to Five		to Ten		Ten
	Year		Years		Years		Years		Total
Loans Secured by One- to Four-Family Residential			(In Thousands)
Fixed Rate	$	9,386	$	29,317	$	5,374	$	41,698	$	85,775
Adjustable Rate		1,384		2,318		1,246		12,609		17,557
Other Loans Secured by Real Estate
Fixed Rate		46,979		58,666		22,593		11,221		139,459
All Other Loans		14,262		12,846		1,230		--		28,338

Total	$	72,011	$	103,147	$	30,443	$	65,528	$	271,129

Grading of Loans, Segregated by Class of Loans

The following tables present the grading of loans, segregated by class of loans, as of June 30, 2015 and 2014:


June 30, 2015	Pass		Special Mention		Substandard		Doubtful		Total
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	103,207	$	112	$	13	$	--	$	103,332
Commercial		61,542		538		--		--		62,080
Multi-Family Residential		15,246		--		--		--		15,246
Land		19,866		--		--		--		19,866
Construction		17,620		--		--		--		17,620
Equity and Second Mortgage		2,460		--		--		--		2,460
Equity Lines of Credit		22,163		--		24		--		22,187
Commercial Loans		28,019		--		--		--		28,019
Consumer Loans		319		--		--		--		319

Total	$	270,442	$	650	$	37	$	--	$	271,129

June 30, 2014	Pass		Special Mention		Substandard		Doubtful		Total
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	89,345	$	49	$	--	$	151	$	89,545
Commercial		53,621		2,645		--		--		56,266
Multi-Family Residential		20,368		--		--		--		20,368
Land		19,945		--		--		--		19,945
Construction		12,505		--		--		--		12,505
Equity and Second Mortgage		2,563		--		--		--		2,563
Equity Lines of Credit		14,923		--		--		27		14,950
Commercial Loans		25,749		--		--		--		25,749
Consumer Loans		366		--		--		--		366

Total	$	239,385	$	2,694	$	--	$	178	$	242,257

Aging Analysis of Past Due Loans Segregated by Class of Loans

An aging analysis of past due loans, segregated by class of loans, as of June 30, 2015 and 2014, is as follows:

June 30, 2015	30-59 Days Past Due		60-89 Days Past Due		90 Days or More		Total Past Due		Current		Total Loans Receivable		Recorded Investment > 90 Days and Accruing
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	2,137	$	1,100	$	80	$	3,317	$	100,015	$	103,332	$	67
Commercial		--		--		--		--		62,080		62,080		--
Multi-Family Residential		--		--		--		--		15,246		15,246		--
Land		--		--		--		--		19,866		19,866		--
Construction		--		--		--		--		17,620		17,620		--
Equity and Second Mortgage		--		--		--		--		2,460		2,460		--
Equity Lines of Credit		--		--		--		--		22,187		22,187		--
Commercial Loans		--		--		--		--		28,019		28,019		--
Consumer Loans		3		--		--		3		316		319		--

Total	$	2,140	$	1,100	$	80	$	3,320	$	267,809	$	271,129	$	67

June 30, 2014	30-59 Days Past Due		60-89 Days Past Due		90 Days or More		Total Past Due		Current		Total Loans Receivable		Recorded Investment > 90 Days and Accruing
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	1,326	$	435	$	164	$	1,925	$	87,620	$	89,545	$	13
Commercial		--		--		--		--		56,266		56,266		--
Multi-Family Residential		--		--		--		--		20,368		20,368		--
Land		--		--		--		--		19,945		19,945		--
Construction		--		--		--		--		12,505		12,505		--
Equity and Second Mortgage		--		--		--		--		2,563		2,563		--
Equity Lines of Credit		--		--		27		27		14,923		14,950		--
Commercial Loans		259		--		--		259		25,490		25,749		--
Consumer Loans		--		--		--		--		366		366		--

Total	$	1,585	$	435	$	191	$	2,211	$	240,046	$	242,257	$	13

Allowance for Loan Losses and Recorded Investment in Loans

The allowance for loan losses and recorded investment in loans for the year ended June 30, 2015 and 2014, was as follows:

	Real Estate Loans
June 30, 2015	Residential			Commercial			Multi- Family			Land			Construction		Other		Commercial Loans		Consumer Loans			Total
	(In Thousands)
Allowance for loan losses:
Beginning Balances	$	1,224		$	464		$	128		$	168		$	105	$	99	$	202	$	6		$	2,396
Charge-Offs		(181	)		--			--			--			--		--		--		--			(181	)
Recoveries		--			--			--			--			--		--		--		--			--
Current Provision		152			(49	)		(25	)		(14	)		41		93		103		(1	)		300
Ending Balances	$	1,195		$	415		$	103		$	154		$	146	$	192	$	305	$	5		$	2,515

Evaluated for Impairment:
Individually		--			--			--			--			--		--		--		--			--
Collectively		1,195			415			103			154			146		192		305		5			2,515

Loans Receivable:
Ending Balances - Total	$	103,332		$	62,080		$	15,246		$	19,866		$	17,620	$	24,647	$	28,019	$	319		$	271,129
Ending Balances:
Evaluated for Impairment:
Individually		125			537			--			--			--		25		--		--			687
Collectively	$	103,207		$	61,543		$	15,246		$	19,866		$	17,620	$	24,622	$	28,019	$	319		$	270,442

	Real Estate Loans
June 30, 2014	Residential		Commercial		Multi- Family		Land		Construction			Other			Commercial Loans			Consumer Loans		Total
							(In Thousands)
Allowance for loan losses:
Beginning Balances	$	1,023	$	338	$	103	$	127	$	146		$	85		$	412		$	6	$	2,240
Charge-Offs		--		--		--		--		--			(12	)		--			--		(12	)
Recoveries		--		--		--		--		--			--			--			--		--
Current Provision		201		126		25		41		(41	)		26			(210	)		--		168
Ending Balances	$	1,224	$	464	$	128	$	168	$	105		$	99		$	202		$	6	$	2,396

Evaluated for Impairment:
Individually		--		--		--		--		--			--			--			--		--
Collectively		1,224		464		128		168		105			99			202			6		2,396

Loans Receivable:
Ending Balances – Total	$	89,545	$	56,266	$	20,368	$	19,945	$	12,505		$	17,513		$	25,749		$	366	$	242,257
Ending Balances:
Evaluated for Impairment:
Individually		200		2,645		--		--		--			27			--			--		2,872
Collectively	$	89,345	$	53,621	$	20,368	$	19,945	$	12,505		$	17,486		$	25,749		$	366	$	239,385

Loans Individually Evaluated for Impairment Segregated by Class of Loans

The following tables present loans individually evaluated for impairment, segregated by class of loans, as of June 30, 2015 and 2014:

June 30, 2015	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	125	$	125	$	--	$	125	$	--	$	133
Commercial		537		537		--		537		--		556
Multi-Family Residential		--		--		--		--		--		--
Land		--		--		--		--		--		--
Construction		--		--		--		--		--		--
Equity and Second Mortgage		--		--		--		--		--		--
Equity Lines of Credit		25		25		--		25		--		25
Commercial Loans		--		--		--		--		--		--
Consumer Loans		--		--		--		--		--		--

Total	$	687	$	687	$	--	$	687	$	--	$	714

June 30, 2014	Unpaid Principal Balance		Recorded Investment With No Allowance		Recorded Investment With Allowance		Total Recorded Investment		Related Allowance		Average Recorded Investment
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	200	$	200	$	--	$	200	$	--	$	216
Commercial		2,645		2,645		--		2,645		--		2,661
Multi-Family Residential		--		--		--		--		--		--
Land		--		--		--		--		--		--
Construction		--		--		--		--		--		--
Equity and Second Mortgage		--		--		--		--		--		--
Equity Lines of Credit		27		27		--		27		--		27
Commercial Loans		--		--		--		--		--		--
Consumer Loans		--		--		--		--		--		--

Total	$	2,872	$	2,872	$	--	$	2,872	$	--	$	2,904

Non-accruing Loans Segregated by Class of Loans

Impaired loans, segregated by class of loans, were as follows:

	2015		2014
	(In Thousands)
Real Estate Loans:
One- to Four-Family Residential	$	13	$	151
Commercial		--		--
Multi-Family Residential		--		--
Land		--		--
Construction		--		--
Equity and Second Mortgage		--		--
Equity Lines of Credit		--		27
Commercial Loans		--		--
Consumer Loans		--		--

Total	$	13	$	178