June 30,

2015

2014

(dollars in thousands)

Allowance for credit losses at beginning of year

$

5,299

$

5,147

Charge-off of leases

(19

)

(62

)

Recovery of lease amounts previously written off

1

14

Provision for credit losses

1,175

200

Allowance for credit losses at end of year

$

6,456

$

5,299

Components of allowance for credit losses:

Allowance for lease losses

$

3,409

$

3,327

Allowance for loan losses

3,047

1,972

$

6,456

$

5,299

Allowance for credit losses as percent of net investment in leases and loans before allowances

1.18

%

1.15

%

Net recoveries (charge-offs) as percent of averages leases and loan

0.00

%

(0.08

)%