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Loans (Tables)
 12 Months Ended
Jun. 30, 2013
Loans [Abstract]  
Major Loan Segments and Classes [Table Text Block]

Loan segments and classes at June 30, 2013 and 2012 are summarized as follows:

 

Loan Balances by Internal Credit Quality Indicator [Table Text Block]

Loan balances by internal credit quality indicator as of June 30, 2013 are shown below.

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Performing

 

Watch

 

Special Mention

 

Substandard

 

Total

Residential mortgage

$
207,606 

$
294 

$
302 

$
4,324 

$
212,526 

Nonresidential mortgage

 
87,509 

 

 -

 
2,197 

 
1,776 

 
91,482 

Residential construction and land

 
2,691 

 

 -

 

 -

 

 -

 
2,691 

Commercial construction

 
2,466 

 

 -

 

 -

 
1,057 

 
3,523 

Multi-family

 
4,785 

 

 -

 

 -

 
726 

 
5,511 

Home equity

 
20,099 

 
221 

 
23 

 
28 

 
20,371 

Consumer installment

 
4,073 

 
5 

 

 -

 

 -

 
4,078 

Commercial loans

 
24,454 

 

 -

 
516 

 
687 

 
25,657 

Total gross loans

$
353,683 

$
520 

$
3,038 

$
8,598 

$
365,839 

 

Loan balances by internal credit quality indicator as of June 30, 2012 are shown below.

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Performing

 

Watch

 

Special Mention

 

Substandard

 

Total

Residential mortgage

$
188,446 

$

 -

$
557 

$
4,375 

$
193,378 

Nonresidential mortgage

 
77,761 

 

 -

 
588 

 
2,445 

 
80,794 

Residential construction and land

 
2,156 

 

 -

 

 -

 

 -

 
2,156 

Commercial construction

 
669 

 

 -

 
290 

 
1,075 

 
2,034 

Multi-family

 
4,185 

 

 -

 
780 

 
557 

 
5,522 

Home equity

 
22,708 

 

 -

 

 -

 
100 

 
22,808 

Consumer installment

 
4,044 

 
1 

 

 -

 
25 

 
4,070 

Commercial loans

 
20,045 

 
39 

 
762 

 
842 

 
21,688 

Total gross loans

$
320,014 

$
40 

$
2,977 

$
9,419 

$
332,450 

 

Delinquent and Nonaccrual Loans By Past Due Status [Table Text Block]

The following table sets forth information regarding delinquent and/or nonaccrual loans as of June 30, 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 mortgage

$
100 

$
1,420 

$
3,875 

$
5,395 

$
207,131 

$
212,526 

$
3,599 

Nonresidential mortgage

 
472 

 
1,193 

 
1,655 

 
3,320 

 
88,162 

 
91,482 

 
2,018 

Residential construction and land

 

 -

 
38 

 

 -

 
38 

 
2,653 

 
2,691 

 

 -

Commercial construction

 

 -

 

 -

 

 -

 

 -

 
3,523 

 
3,523 

 

 -

Multi-family

 

 -

 
144 

 
463 

 
607 

 
4,904 

 
5,511 

 
463 

Home equity

 
42 

 
470 

 
28 

 
540 

 
19,831 

 
20,371 

 
51 

Consumer installment

 
34 

 
5 

 

 -

 
39 

 
4,039 

 
4,078 

 

 -

Commercial loans

 
138 

 
583 

 
82 

 
803 

 
24,854 

 
25,657 

 
195 

Total gross loans

$
786 

$
3,853 

$
6,103 

$
10,742 

$
355,097 

$
365,839 

$
6,326 

 

The following table sets forth information regarding delinquent and/or nonaccrual loans as of June 30, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 mortgage

$
99 

$
1,674 

$
3,850 

$
5,623 

$
187,755 

$
193,378 

$
4,206 

Nonresidential mortgage

 
424 

 
1,088 

 
1,041 

 
2,553 

 
78,241 

 
80,794 

 
1,868 

Residential construction and land

 

-

 

-

 

-

 

-

 
2,156 

 
2,156 

 

-

Commercial construction

 

-

 

-

 

-

 

-

 
2,034 

 
2,034 

 

-

Multi-family

 

-

 

-

 
431 

 
431 

 
5,091 

 
5,522 

 
431 

Home equity

 
52 

 

-

 
100 

 
152 

 
22,656 

 
22,808 

 
60 

Consumer installment

 
76 

 
4 

 
24 

 
104 

 
3,966 

 
4,070 

 
25 

Commercial loans

 
3 

 
596 

 
257 

 
856 

 
20,832 

 
21,688 

 
303 

Total gross loans

$
654 

$
3,362 

$
5,703 

$
9,719 

$
322,731 

$
332,450 

$
6,893 

 

Nonaccrual Loans, Interest Income Data [Table Text Block]

 

 

 

 

 

 

 

 

 

For the years ended June 30,

(In thousands)

 

2013

 

2012

 

2011

Interest income that would have been recorded if loans had been performing in accordance with original terms

$
433 

$
550 

$
529 

Interest income that was recorded on nonaccrual loans

 
158 

 
277 

 
226 

 

Impaired Loans By Loan Portfolio Class [Table Text Block]

The tables below detail additional information on impaired loans at the date or periods indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2013

 

For the year ended June 30, 2013

(In thousands)

 

Recorded Investment

 

Unpaid Principal

 

Related Allowance

 

Average Recorded Investment

 

Interest Income Recognized

With no related allowance recorded:

 

 

 

 

 

 

Residential mortgage

$
852 

$
852 

$

 -

$
272 

$
14 

Nonresidential mortgage

 
783 

 
783 

 

 -

 
1,146 

 
66 

Commercial loans

 

 -

 

 -

 

 -

 
81 

 
17 

 

 
1,635 

 
1,635 

 

 -

 
1,499 

 
97 

With an allowance recorded:

 

 

 

 

 

 

Residential mortgage

 
2,582 

 
2,632 

 
520 

 
2,604 

 
77 

Nonresidential mortgage

 
1,339 

 
1,339 

 
305 

 
1,182 

 
33 

Commercial construction

 
1,057 

 
1,057 

 
331 

 
1,066 

 
50 

Multi-family

 
463 

 
463 

 
16 

 
850 

 
26 

Home equity

 

 -

 

 -

 

 -

 
193 

 
4 

Commercial loans

 
610 

 
610 

 
7 

 
575 

 
37 

 

 
6,051 

 
6,101 

 
1,179 

 
6,470 

 
227 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage

 
3,434 

 
3,484 

 
520 

 
2,876 

 
91 

Nonresidential mortgage

 
2,122 

 
2,122 

 
305 

 
2,328 

 
99 

Commercial construction

 
1,057 

 
1,057 

 
331 

 
1,066 

 
50 

Multi-family

 
463 

 
463 

 
16 

 
850 

 
26 

Home equity

 

 -

 

 -

 

 -

 
193 

 
4 

Commercial loans

 
610 

 
610 

 
7 

 
656 

 
54 

 

$
7,686 

$
7,736 

$
1,179 

$
7,969 

$
324 

 

 

 

 

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The table below details loans that have been modified as a troubled debt restructuring during the year ended June 30, 2013.

 

 

 

 

 

 

 

(Dollars in thousands)

Number of Contracts

Pre-Modification Outstanding Recorded Investment

Post-Modification Outstanding Recorded Investment

Current Outstanding Recorded Investment

  Residential mortgage

4

$836

$742

$739

Nonresidential mortgage

2

625

657

657

 

 

 

 

 

These loans have been classified as troubled debt restructurings due to concessions granted to the debtors that The Bank of Greene County would not otherwise consider as a result of financial difficulties of the borrowers.  For these loans,  concessions consisted of any combination of the following: additional funds were advanced, the interest rate was reduced and/or the term extended.   At June 30, 2013, two of the six loans were returned to accrual status but the remaining loans modified during the period as a troubled debt restructuring are currently included in non-accrual loans.  If the borrower performs under the terms of the modification, and the ultimate collectability of all amounts contractually due under the modified terms is not in doubt, these loans will be returned to accrual status.   These loans identified as a troubled debt restructuring have been evaluated for impairment and the impact to the allowance for loan loss was immaterial.

 

The table below details loans that have been modified as a troubled debt restructuring during the year ended June 30, 2012.

 

 

Activity and Allocation of Allowance For Loan Losses [Table Text Block]

 

 

Activity for the year ended June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Balance June 30, 2012

 

Charge-offs

 

Recoveries

 

Provision

 

Balance June 30, 2013

Residential mortgage

$
2,163 

$
421 

$

 -

$
885 

$
2,627 

Nonresidential mortgage

 
2,076 

 
233 

 

 -

 
633 

 
2,476 

Residential construction and land

 
19 

 

 -

 

 -

 
18 

 
37 

Commercial construction

 
407 

 

 -

 

 -

 
(15)

 
392 

Multi-family

 
337 

 

 -

 

 -

 
(198)

 
139 

Home equity

 
187 

 

 -

 

 -

 
88 

 
275 

Consumer installment

 
207 

 
246 

 
88 

 
173 

 
222 

Commercial loans

 
645 

 
71 

 

 -

 
235 

 
809 

Unallocated

 
136 

 

 -

 

 -

 
(73)

 
63 

Total

$
6,177 

$
971 

$
88 

$
1,746 

$
7,040 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Losses

 

Loans Receivable

 

 

Ending Balance June 30, 2013 Impairment Analysis

 

Ending Balance June 30, 2013 Impairment Analysis

(In thousands)

 

Individual Evaluated

 

Collectively Evaluated

 

Individual Evaluated

 

Collectively Evaluated

Residential mortgage

$
520 

$
2,107 

$
3,434 

$
209,092 

Nonresidential mortgage

 
305 

 
2,171 

 
2,122 

 
89,360 

Residential construction and land

 

 -

 
37 

 

 -

 
2,691 

Commercial construction

 
331 

 
61 

 
1,057 

 
2,466 

Multi-family

 
16 

 
123 

 
463 

 
5,048 

Home equity

 

 -

 
275 

 

 -

 
20,371 

Consumer installment

 

 -

 
222 

 

 -

 
4,078 

Commercial loans

 
7 

 
802 

 
610 

 
25,047 

Unallocated

 

 -

 
63 

 

 -

 

 -

Total

$
1,179 

$
5,861 

$
7,686 

$
358,153 

 

 

 

 

Activity for the year ended June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Balance June 30, 2011

 

Charge-offs

 

Recoveries

 

Provision

 

Balance June 30, 2012

Residential mortgage

$
1,767 

$
208 

$
7 

$
597 

$
2,163 

Nonresidential mortgage

 
1,859 

 
212 

 

 -

 
429 

 
2,076 

Residential construction and land

 
27 

 

 -

 

 -

 
(8)

 
19 

Commercial construction

 
89 

 

 -

 

 -

 
318 

 
407 

Multi-family

 
410 

 

 -

 

 -

 
(73)

 
337 

Home equity

 
186 

 

 -

 

 -

 
1 

 
187 

Consumer installment

 
203 

 
280 

 
82 

 
202 

 
207 

Commercial loans

 
528 

 
67 

 
2 

 
182 

 
645 

Unallocated

 

 -

 

 -

 

 -

 
136 

 
136 

Total

$
5,069 

$
767 

$
91 

$
1,784 

$
6,177 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for Loan Loss

 

Loans Receivable

 

 

Ending Balance June 30, 2012 Impairment Analysis

 

Ending Balance June 30, 2012 Impairment Analysis

(In thousands)

 

Individually Evaluated

 

Collectively Evaluated

 

Individually Evaluated

 

Collectively Evaluated

Residential mortgage

$
10 

$
2,153 

$
413 

$
192,965 

Nonresidential mortgage

 
208 

 
1,868 

 
1,796 

 
78,998 

Residential construction & land

 

-

 
19 

 

-

 
2,156 

Commercial construction

 
365 

 
42 

 
1,075 

 
959 

Multi-family

 
155 

 
182 

 
861 

 
4,661 

Home equity

 

-

 
187 

 

-

 
22,808 

Consumer installment

 

-

 
207 

 

-

 
4,070 

Commercial loans

 
35 

 
610 

 
562 

 
21,126 

Unallocated

 

-

 
136 

 

-

 

-

Total

$
773 

$
5,404 

$
4,707 

$
327,743