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Loans and Allowance for Loan Losses (Tables)
 9 Months Ended
Mar. 31, 2022
Loans and Allowance for Loan Losses [Abstract]  
Major Loan Segments and Classes
Loan segments and classes at March 31, 2022 and June 30, 2021 are summarized as follows:

(In thousands)
  
March 31, 2022
    
June 30, 2021
  
Residential real estate:
            
Residential real estate
  
$
342,304
    
$
325,167
  
Residential construction and land
    
14,054
      
10,185
  
Multi-family
    
51,100
      
41,951
  
Commercial real estate:
                
Commercial real estate
    
535,603
      
472,887
  
Commercial construction
    
77,303
      
62,763
  
Consumer loan:
                
Home equity
    
18,395
      
18,285
  
Consumer installment
    
4,365
      
4,942
  
Commercial loans
    
112,275
      
172,228
  
Total gross loans
    
1,155,399
      
1,108,408
  
Allowance for loan losses
    
(21,739
)
    
(19,668
)
Unearned origination fees and costs, net
    
(140
)
    
(2,793
)
Loans receivable, net
  
$
1,133,520
    
$
1,085,947
  
Loan Balances by Internal Credit Quality Indicator
Loan balances by internal credit quality indicator at March 31, 2022 are shown below.

(In thousands)
  
Performing
    
Special Mention
    
Substandard
    
Total
  
Residential real estate
  
$
338,122
    
$
30
    
$
4,152
    
$
342,304
  
Residential construction and land
    
14,052
      
-
      
2
      
14,054
  
Multi-family
    
51,006
      
94
      
-
      
51,100
  
Commercial real estate
    
496,439
      
10,436
      
28,728
      
535,603
  
Commercial construction
    
77,303
      
-
      
-
      
77,303
  
Home equity
    
17,885
      
-
      
510
      
18,395
  
Consumer installment
    
4,348
      
-
      
17
      
4,365
  
Commercial loans
    
106,275
      
1,104
      
4,896
      
112,275
  
Total gross loans
  
$
1,105,430
    
$
11,664
    
$
38,305
    
$
1,155,399
  

Loan balances by internal credit quality indicator at June 30, 2021 are shown below.

(In thousands)
  
Performing
    
Special Mention
    
Substandard
    
Total
  
Residential real estate
  
$
321,826
    
$
88
    
$
3,253
    
$
325,167
  
Residential construction and land
    
10,185
      
-
      
-
      
10,185
  
Multi-family
    
41,589
      
-
      
362
      
41,951
  
Commercial real estate
    
441,004
      
9,690
      
22,193
      
472,887
  
Commercial construction
    
55,819
      
5,944
      
1,000
      
62,763
  
Home equity
    
17,727
      
-
      
558
      
18,285
  
Consumer installment
    
4,942
      
-
      
-
      
4,942
  
Commercial loans
    
165,649
      
963
      
5,616
      
172,228
  
Total gross loans
  
$
1,058,741
    
$
16,685
    
$
32,982
    
$
1,108,408
  
Delinquent and/or Nonaccrual Loans by Past Due Status
The following table sets forth information regarding delinquent and/or nonaccrual loans at March 31, 2022:

(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
  
$
5,349
    
$
318
    
$
1,063
    
$
6,730
    
$
335,574
    
$
342,304
    
$
2,955
  
Residential construction and land
    
2
      
-
      
-
      
2
      
14,052
      
14,054
      
2
  
Multi-family
    
-
      
-
      
-
      
-
      
51,100
      
51,100
      
-
  
Commercial real estate
    
5,543
      
-
      
123
      
5,666
      
529,937
      
535,603
      
251
  
Commercial construction
    
-
      
-
      
-
      
-
      
77,303
      
77,303
      
-
  
Home equity
    
39
      
-
      
141
      
180
      
18,215
      
18,395
      
190
  
Consumer installment
    
48
      
2
      
3
      
53
      
4,312
      
4,365
      
3
  
Commercial loans
    
1,657
      
582
      
51
      
2,290
      
109,985
      
112,275
      
464
  
Total gross loans
  
$
12,638
    
$
902
    
$
1,381
    
$
14,921
    
$
1,140,478
    
$
1,155,399
    
$
3,865
  

The following table sets forth information regarding delinquent and/or nonaccrual loans at June 30, 2021:

(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
  
$
-
    
$
630
    
$
650
    
$
1,280
    
$
323,887
    
$
325,167
    
$
1,324
  
Residential construction and land
    
-
      
-
      
-
      
-
      
10,185
      
10,185
      
-
  
Multi-family
    
-
      
-
      
-
      
-
      
41,951
      
41,951
      
-
  
Commercial real estate
    
-
      
5,266
      
123
      
5,389
      
467,498
      
472,887
      
444
  
Commercial construction
    
-
      
-
      
-
      
-
      
62,763
      
62,763
      
-
  
Home equity
    
33
      
40
      
224
      
297
      
17,988
      
18,285
      
237
  
Consumer installment
    
26
      
13
      
-
      
39
      
4,903
      
4,942
      
-
  
Commercial loans
    
-
      
230
      
117
      
347
      
171,881
      
172,228
      
296
  
Total gross loans
  
$
59
    
$
6,179
    
$
1,114
    
$
7,352
    
$
1,101,056
    
$
1,108,408
    
$
2,301
  
Impaired Loans by Loan Portfolio Class
The tables below detail additional information on impaired loans at the date or periods indicated:


  
At March 31, 2022
    
For the three months ended
March 31, 2022
    
For the nine months ended
March 31, 2022
  
(In thousands)
  
Recorded
Investment
    
Unpaid
Principal
    
Related
Allowance
    
Average
Recorded
Investment
    
Interest
Income
Recognized
    
Average
Recorded
Investment
    
Interest
Income
Recognized
  
With no related allowance recorded:
                                
Residential real estate
  
$
929
    
$
929
    
$
-
    
$
846
    
$
3
    
$
577
    
$
13
  
Commercial real estate
    
70
      
70
      
-
      
71
      
1
      
351
      
9
  
Home equity
    
128
      
128
      
-
      
128
      
-
      
128
      
-
  
Consumer installment
     5       5       -       2       1       1       1  
Commercial loans
    
19
      
19
      
-
      
224
      
3
      
168
      
5
  
Impaired loans with no allowance
    
1,151
      
1,151
      
-
      
1,271
      
8
      
1,225
      
28
  
                                                         
With an allowance recorded:
                                                        
Residential real estate
    
2,064
      
2,064
      
601
      
2,159
      
10
      
1,612
      
43
  
Commercial real estate
    
3,721
      
3,721
      
1,147
      
1,864
      
75
      
1,085
      
93
  
Commercial construction
    
102
      
102
      
1
      
102
      
-
      
102
      
-
  
Home equity
    
320
      
320
      
45
      
320
      
4
      
321
      
10
  
Commercial loans
    
3,527
      
3,527
      
329
      
3,336
      
29
      
3,349
      
116
  
Impaired loans with allowance
    
9,734
      
9,734
      
2,123
      
7,781
      
118
      
6,469
      
262
  
                                                         
Total impaired:
                                                        
Residential real estate
    
2,993
      
2,993
      
601
      
3,005
      
13
      
2,189
      
56
  
Commercial real estate
    
3,791
      
3,791
      
1,147
      
1,935
      
76
      
1,436
      
102
  
Commercial construction
    
102
      
102
      
1
      
102
      
-
      
102
      
-
  
Home equity
    
448
      
448
      
45
      
448
      
4
      
449
      
10
  
Consumer installment
     5       5       -       2       1       1       1  
Commercial loans
    
3,546
      
3,546
      
329
      
3,560
      
32
      
3,517
      
121
  
Total impaired loans
  
$
10,885
    
$
10,885
    
$
2,123
    
$
9,052
    
$
126
    
$
7,694
    
$
290
  



 
At June 30, 2021
    
For the three months ended
March 31, 2021
    
For the nine months ended
March 31, 2021
  
(In thousands)
  
Recorded
Investment
    
Unpaid
Principal
    
Related
Allowance
    
Average
Recorded
Investment
    
Interest
Income
Recognized
    
Average
Recorded
Investment
    
Interest
Income
Recognized
  
With no related allowance recorded:
  
Residential real estate
  
$
370
    
$
370
    
$
-
    
$
381
    
$
1
    
$
392
    
$
11
  
Multi-family
    
-
      
-
      
-
      
-
      
-
      
40
      
-
  
Commercial real estate
    
281
      
281
      
-
      
307
      
-
      
321
      
3
  
Home equity
    
224
      
224
      
-
      
230
      
-
      
173
      
-
  
Commercial loans
    
95
      
95
      
-
      
105
      
-
      
164
      
8
  
Impaired loans with no allowance
    
970
      
970
      
-
      
1,023
      
1
      
1,090
      
22
  
                                                         
With an allowance recorded:
                                                        
Residential real estate
    
723
      
723
      
103
      
710
      
2
      
1,053
      
27
  
Commercial real estate
    
945
      
945
      
58
      
-
      
-
      
-
      
-
  
Commercial construction
    
102
      
102
      
1
      
102
      
-
      
102
      
-
  
Home equity
    
321
      
321
      
73
      
321
      
2
      
381
      
12
  
Commercial loans
    
3,234
      
3,234
      
156
      
1,235
      
85
      
417
      
110
  
Impaired loans with allowance
    
5,325
      
5,325
      
391
      
2,368
      
89
      
1,953
      
149
  
                                                         
Total impaired:
                                                        
Residential real estate
    
1,093
      
1,093
      
103
      
1,091
      
3
      
1,445
      
38
  
Multi-family
    
-
      
-
      
-
      
-
      
-
      
40
      
-
  
Commercial real estate
    
1,226
      
1,226
      
58
      
307
      
-
      
321
      
3
  
Commercial construction
    
102
      
102
      
1
      
102
      
-
      
102
      
-
  
Home equity
    
545
      
545
      
73
      
551
      
2
      
554
      
12
  
Commercial loans
    
3,329
      
3,329
      
156
      
1,340
      
85
      
581
      
118
  
Total impaired loans
  
$
6,295
     $
6,295
     $
391
    
$
3,391
     $
90
     $
3,043
     $
171
  
Loans Modified as Troubled Debt Restructuring
The table below details loans that have been modified as a troubled debt restructuring during the three and nine months ended March 31, 2022.

(Dollars in thousands)
  
Number of Contracts
    
Pre-Modification Outstanding Recorded Investment
    
Post-Modification Outstanding Recorded Investment
    
Current
Outstanding Recorded Investment
  
For the three and nine months ended March 31, 2022
                        
Consumer installment
     1
     $ 5     $ 5     $ 5  

The table below details loans that have been modified as a troubled debt restructuring during the year ended June 30, 2021.

(Dollars in thousands)
  
Number of
Contracts
    
Pre-Modification
Outstanding
Recorded
Investment
    
Post-
Modification
Outstanding
Recorded
Investment
    
Current
Outstanding
Recorded
Investment
  
For the year ended June 30,2021
                        
Commercial loans
    
5
    
$
3,001
    
$
2,903
     $ 2,896  
Commercial real estate
    
3
      
1,325
      
1,287
       1,284  
Residential
    
1
      
70
      
70
       69  
Loans that Have Payments Deferred
The following table details loans that had payments deferred at June 30, 2021.

   
Full Payment Deferral
    
Principal Payment Deferral
    
Total Deferral
  
(Dollars in thousands)
  
Balance
    
Number
of Loans
    
Balance
    
Number
of Loans
    
Balance
    
Number
of Loans
  
                                     
Commercial real estate
   $
6,119
      
3
     $
1,346
      
3
     $
7,465
      
6
  
Commercial loans
    
572
      
2
      
-
      
-
      
572
      
2
  
Total
  
$
6,691
      
5
    
$
1,346
      
3
    
$
8,037
      
8
  
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 class during and at the periods indicated.  The allowance is allocated to each loan class based on historical loss experience, current economic conditions, and other considerations.

   
Activity for the three months ended March 31, 2022
  
(In thousands)
  
Balance at
December 31,
2021
    
Charge-offs
    
Recoveries
    
Provision
    
Balance at
March 31, 2022
  
Residential real estate
  
$
1,981
    
$
-
    
$
3
    
$
22
    
$
2,006
  
Residential construction and land
    
115
      
-
      
-
      
2
      
117
  
Multi-family
    
76
      
-
      
-
      
10
      
86
  
Commercial real estate
    
15,616
      
-
      
-
      
276
      
15,892
  
Commercial construction
    
1,250
      
-
      
-
      
(121
)
    
1,129
  
Home equity
    
89
      
-
      
-
      
(2
)
    
87
  
Consumer installment
    
280
      
144
      
32
      
95
      
263
  
Commercial loans
    
2,277
      
-
      
1
      
(119
)
    
2,159
  
Total
  
$
21,684
    
$
144
    
$
36
    
$
163
    
$
21,739
  


 
Activity for the nine months ended March 31, 2022
  
(In thousands)
  
Balance at
June 30, 2021
    
Charge-offs
    
Recoveries
    
Provision
    
Balance at
March 31, 2022
  
Residential real estate
  
$
2,012
    
$
-
    
$
10
    
$
(16
)
  
$
2,006
  
Residential construction and land
    
106
      
-
      
-
      
11
      
117
  
Multi-family
    
186
      
-
      
-
      
(100
)
    
86
  
Commercial real estate
    
13,049
      
-
      
-
      
2,843
      
15,892
  
Commercial construction
    
1,535
      
-
      
-
      
(406
)
    
1,129
  
Home equity
    
165
      
-
      
-
      
(78
)
    
87
  
Consumer installment
    
267
      
355
      
89
      
262
      
263
  
Commercial loans
    
2,348
      
107
      
3
      
(85
)
    
2,159
  
Total
  
$
19,668
    
$
462
    
$
102
    
$
2,431
    
$
21,739
  

   
Allowance for Loan Losses
    
Loans Receivable
  
   
Ending Balance At March 31, 2022
Impairment Analysis
    
Ending Balance At March 31, 2022
Impairment Analysis
  
(In thousands)
  
Individually
Evaluated
    
Collectively
Evaluated
    
Individually
Evaluated
    
Collectively
Evaluated
  
Residential real estate
  
$
601
    
$
1,405
    
$
2,993
    
$
339,311
  
Residential construction and land
    
-
      
117
      
-
      
14,054
  
Multi-family
    
-
      
86
      
-
      
51,100
  
Commercial real estate
    
1,147
      
14,745
      
3,791
      
531,812
  
Commercial construction
    
1
      
1,128
      
102
      
77,201
  
Home equity
    
45
      
42
      
448
      
17,947
  
Consumer installment
    
-
      
263
      
5
      
4,360
  
Commercial loans
    
329
      
1,830
      
3,546
      
108,729
  
Total
  
$
2,123
    
$
19,616
    
$
10,885
    
$
1,144,514
  

   
Activity for the three months ended March 31, 2021
  
(In thousands)
  
Balance at December 31,
2020
    
Charge-offs
    
Recoveries
    
Provision
    
Balance at
March 31, 2021
  
Residential real estate
  
$
1,998
    
$
-
    
$
3
    
$
(16
)
  
$
1,985
  
Residential construction and land
    
90
      
-
      
-
      
11
      
101
  
Multi-family
    
276
      
-
      
-
      
38
      
314
  
Commercial real estate
    
10,207
      
-
      
-
      
1,572
      
11,779
  
Commercial construction
    
1,847
      
-
      
-
      
94
      
1,941
  
Home equity
    
265
      
-
      
-
      
(64
)
    
201
  
Consumer installment
    
256
      
101
      
62
      
(59
)
    
157
  
Commercial loans
    
3,331
      
-
      
-
      
(141
)
    
3,190
  
Total
  
$
18,270
    
$
101
    
$
65
    
$
1,434
    
$
19,668
  

   
Activity for the nine months ended March 31, 2021
  
(In thousands)
  
Balance at
June 30, 2020
    
Charge-offs
    
Recoveries
    
Provision
    
Balance at
March 31, 2021
  
Residential real estate
  
$
2,091
    
$
26
    
$
10
    
$
(90
)
  
$
1,985
  
Residential construction and land
    
141
      
-
      
-
      
(40
)
    
101
  
Multi-family
    
176
      
-
      
-
      
138
      
314
  
Commercial real estate
    
8,634
      
-
      
-
      
3,145
      
11,779
  
Commercial construction
    
2,053
      
-
      
-
      
(112
)
    
1,941
  
Home equity
    
295
      
-
      
-
      
(94
)
    
201
  
Consumer installment
    
197
      
247
      
101
      
107
      
157
  
Commercial loans
    
2,804
      
500
      
-
      
886
      
3,190
  
Total
  
$
16,391
    
$
773
    
$
111
    
$
3,939
    
$
19,668
  

   
Allowance for Loan Losses
    
Loans Receivable
  
   
Ending Balance June 30, 2021
Impairment Analysis
    
Ending Balance June 30, 2021
Impairment Analysis
  
(In thousands)
  
Individually
Evaluated
    
Collectively
Evaluated
    
Individually
Evaluated
    
Collectively
Evaluated
  
Residential real estate
  
$
103
    
$
1,909
    
$
1,093
    
$
324,074
  
Residential construction and land
    
-
      
106
      
-
      
10,185
  
Multi-family
    
-
      
186
      
-
      
41,951
  
Commercial real estate
    
58
      
12,991
      
1,226
      
471,661
  
Commercial construction
    
1
      
1,534
      
102
      
62,661
  
Home equity
    
73
      
92
      
545
      
17,740
  
Consumer installment
    
-
      
267
      
-
      
4,942
  
Commercial loans
    
156
      
2,192
      
3,329
      
168,899
  
Total
  
$
391
    
$
19,277
    
$
6,295
    
$
1,102,113
  
Foreclosed Real Estate The following table sets forth information regarding FRE at March 31, 2022 and June 30, 2021:

(in thousands)
  
March 31, 2022
    
June 30, 2021
  
Residential real estate
  
$
68
    
$
64
  
Total foreclosed real estate
  
$
68
    
$
64