Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Sep. 30, 2019

Loans and Allowance for Loan Losses [Abstract]

Major Loan Segments and Classes

Loan segments and classes at September 30, 2019 and June 30, 2019 are summarized as follows:

(In thousands)	September 30, 2019			June 30, 2019
Residential real estate:
Residential real estate	$	267,245		$	267,802
Residential construction and land		8,377			7,462
Multi-family		25,021			24,592
Commercial real estate:
Commercial real estate		332,185			329,668
Commercial construction		48,751			36,361
Consumer loan:
Home equity		23,288			23,185
Consumer installment		5,677			5,481
Commercial loans		107,632			103,554
Total gross loans		818,176			798,105
Allowance for loan losses		(13,444	)		(13,200	)
Unearned origination fees and costs, net		807			833
Loans receivable, net	$	805,539		$	785,738

Loan Balances by Internal Credit Quality Indicator

Loan balances by internal credit quality indicator at September 30, 2019 are shown below.

(In thousands)	Performing		Watch		Special Mention		Substandard		Total
Residential real estate	$	264,257	$	496	$	209	$	2,283	$	267,245
Residential construction and land		8,377		-		-		-		8,377
Multi-family		23,127		-		1,759		135		25,021
Commercial real estate		321,306		161		7,569		3,149		332,185
Commercial construction		43,957		-		4,692		102		48,751
Home equity		22,624		75		-		589		23,288
Consumer installment		5,659		18		-		-		5,677
Commercial loans		105,389		-		1,936		307		107,632
Total gross loans	$	794,697	$	750	$	16,165	$	6,564	$	818,176

Loan balances by internal credit quality indicator at June 30, 2019 are shown below.

(In thousands)	Performing		Watch		Special Mention		Substandard		Total
Residential real estate	$	264,138	$	874	$	86	$	2,704	$	267,802
Residential construction and land		7,462		-		-		-		7,462
Multi-family		22,544		137		1,835		76		24,592
Commercial real estate		318,703		616		7,435		2,914		329,668
Commercial construction		36,259		-		-		102		36,361
Home equity		22,392		20		-		773		23,185
Consumer installment		5,461		14		-		6		5,481
Commercial loans		102,103		261		1,082		108		103,554
Total gross loans	$	779,062	$	1,922	$	10,438	$	6,683	$	798,105

Delinquent and/or Nonaccrual Loans by Past Due Status

The following table sets forth information regarding delinquent and/or nonaccrual loans at September 30, 2019:

(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 real estate	$	1,906	$	212	$	986	$	3,104	$	264,141	$	267,245	$	2,026
Residential construction and land		-		-		-		-		8,377		8,377		-
Multi-family		-		-		134		134		24,887		25,021		134
Commercial real estate		1,083		474		114		1,671		330,514		332,185		847
Commercial construction		-		-		-		-		48,751		48,751		-
Home equity		124		75		243		442		22,846		23,288		268
Consumer installment		66		18		-		84		5,593		5,677		-
Commercial loans		174		-		237		411		107,221		107,632		247
Total gross loans	$	3,353	$	779	$	1,714	$	5,846	$	812,330	$	818,176	$	3,522

The following table sets forth information regarding delinquent and/or nonaccrual loans at June 30, 2019:

(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 real estate	$	2,144	$	870	$	1,385	$	4,399	$	263,403	$	267,802	$	2,474
Residential construction and land		-		-		-		-		7,462		7,462		-
Multi-family		1		137		-		138		24,454		24,592		-
Commercial real estate		280		1,108		102		1,490		328,178		329,668		598
Commercial construction		-		-		-		-		36,361		36,361		-
Home equity		16		136		309		461		22,724		23,185		452
Consumer installment		32		14		6		52		5,429		5,481		6
Commercial loans		430		342		28		800		102,754		103,554		108
Total gross loans	$	2,903	$	2,607	$	1,830	$	7,340	$	790,765	$	798,105	$	3,638

Nonaccrual Loans, Interest Income Data

The table below details additional information related to nonaccrual loans for the three months ended September 30:

(In thousands)	2019		2018
Interest income that would have been recorded if loans had been performing in accordance with original terms	$	101	$	71
Interest income that was recorded on nonaccrual loans		50		32

Impaired Loans by Loan Portfolio Class

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

	At September 30, 2019						For the three months ended September 30, 2019
(In thousands)	Recorded Investment		Unpaid Principal		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Residential real estate	$	674	$	674	$	-	$	692	$	30
Commercial real estate		697		697		-		704		7
Home equity		153		153		-		266		-
Commercial loans		135		135		-		137		-
Total impaired loans with no allowance		1,659		1,659		-		1,799		37
With an allowance recorded:
Residential real estate		830		830		91		1,087		24
Commercial construction		102		102		2		102		-
Home equity		321		321		73		330		5
Commercial loans		130		130		12		130		1
Total impaired loans with allowance		1,383		1,383		178		1,649		30
Total impaired:
Residential real estate		1,504		1,504		91		1,779		54
Commercial real estate		697		697		-		704		7
Commercial construction		102		102		2		102		-
Home equity		474		474		73		596		5
Commercial loans		265		265		12		267		1
Total impaired loans	$	3,042	$	3,042	$	178	$	3,448	$	67

	At June 30, 2019						For the three months ended September 30, 2018
(In thousands)	Recorded Investment		Unpaid Principal		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded:
Residential real estate	$	727	$	727	$	-	$	7	$	3
Commercial real estate		717		717		-		796		8
Home equity		309		309		-		224		-
Commercial loans		141		141		-		157		-
Impaired loans with no allowance		1,894		1,894		-		1,184		11
With an allowance recorded:
Residential real estate		1,420		1,420		188		1,855		23
Commercial real estate		-		-		-		365		-
Commercial construction		102		102		2		176		-
Home equity		348		348		59		322		4
Commercial Loans		130		130		13		-		-
Impaired loans with allowance		2,000		2,000		262		2,718		27
Total impaired:
Residential real estate		2,147		2,147		188		1,862		26
Commercial real estate		717		717		-		1,161		8
Commercial construction		102		102		2		176		-
Home equity		657		657		59		546		4
Commercial loans		271		271		13		157		-
Total impaired loans	$	3,894	$	3,894	$	262	$	3,902	$	38

Activity and Allocation of Allowance for Loan Losses

The following tables set forth the activity and allocation of the allowance for loan losses by loan category during and at the periods indicated.  The allowance is allocated to each loan category based on historical loss experience and economic conditions.

	Activity for the three months ended September 30, 2019
(In thousands)	Balance at June 30, 2019		Charge-offs		Recoveries		Provision			Balance at September 30, 2019
Residential real estate	$	2,026	$	53	$	-	$	(461	)	$	1,512
Residential construction and land		87		-		-		12			99
Multi-family		180		-		-		25			205
Commercial real estate		7,110		-		-		49			7,159
Commercial construction		872		-		-		419			1,291
Home equity		314		-		-		(7	)		307
Consumer installment		250		109		24		154			319
Commercial loans		2,361		199		30		360			2,552
Total	$	13,200	$	361	$	54	$	551		$	13,444

	Allowance for Loan Losses				Loans Receivable
	Ending Balance At September 30, 2019 Impairment Analysis				Ending Balance At September 30, 2019 Impairment Analysis
(In thousands)	Individually Evaluated		Collectively Evaluated		Individually Evaluated		Collectively Evaluated
Residential real estate	$	91	$	1,421	$	1,504	$	265,741
Residential construction and land		-		99		-		8,377
Multi-family		-		205		-		25,021
Commercial real estate		-		7,159		697		331,488
Commercial construction		2		1,289		102		48,649
Home equity		73		234		474		22,814
Consumer installment		-		319		-		5,677
Commercial loans		12		2,540		265		107,367
Unallocated		-		-		-		-
Total	$	178	$	13,266	$	3,042	$	815,134

	Activity for the three months ended September 30, 2018
(In thousands)	Balance at June 30, 2018		Charge-offs		Recoveries		Provision		Balance at September 30, 2018
Residential real estate	$	2,116	$	21	$	13	$	-	$	2,108
Residential construction and land		114		-		-		2		116
Multi-family		162		-		-		9		171
Commercial real estate		5,979		-		-		44		6,023
Commercial construction		950		-		-		7		957
Home equity		317		-		-		-		317
Consumer installment		224		99		37		67		229
Commercial loans		2,128		-		-		5		2,133
Unallocated		34		-		-		220		254
Total	$	12,024	$	120	$	50	$	354	$	12,308

	Allowance for Loan Losses				Loans Receivable
	Ending Balance June 30, 2019 Impairment Analysis				Ending Balance June 30, 2019 Impairment Analysis
(In thousands)	Individually Evaluated		Collectively Evaluated		Individually Evaluated		Collectively Evaluated
Residential real estate	$	188	$	1,838	$	2,147	$	265,655
Residential construction and land		-		87		-		7,462
Multi-family		-		180		-		24,592
Commercial real estate		-		7,110		717		328,951
Commercial construction		2		870		102		36,259
Home equity		59		255		657		22,528
Consumer installment		-		250		-		5,481
Commercial loans		13		2,348		271		103,283
Unallocated		-		-		-		-
Total	$	262	$	12,938	$	3,894	$	794,211

Foreclosed Real Estate

The following table sets forth information regarding FRE at September 30, 2019 and June 30, 2019:

(in thousands)	September 30, 2019		June 30, 2019
Residential real estate	$	303	$	53
Total foreclosed real estate	$	303	$	53