Loans receivable (Tables)

9 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Schedule Of Classification Of Loans Receivable [Table Text Block]

The composition of the loan portfolio was as follows:

	March 31		June 30,
(in thousands)	2015		2014
Residential real estate
One- to four-family	$	191,553	$	196,381
Multi-family		16,389		14,002
Construction		2,986		2,122
Land		2,297		2,362
Farm		1,880		1,644
Nonresidential real estate		22,585		21,945
Commercial nonmortgage		1,765		2,080
Consumer and other:
Loans on deposits		2,573		2,564
Home equity		5,571		5,359
Automobile		65		64
Unsecured		425		638
		248,089		249,161
Undisbursed portion of loans in process		(2,071)		(952)
Deferred loan origination costs		108		52
Allowance for loan losses		(1,593)		(1,473)
	$	244,533	$	246,788

Allowance for Credit Losses on Financing Receivables [Table Text Block]

The following table presents the activity in the allowance for loan losses by portfolio segment for the nine months ended March 31, 2015:

			Provision		Loans
	Beginning		for loan		charged				Ending
(in thousands)	balance		losses		off		Recoveries		balance
Residential real estate:
One- to four-family	$	1,003	$	254	$	(202)	$	20	$	1,075
Multi-family		73		21		—		—		94
Construction		11		6		—		—		17
Land		10		1						11
Farm		9		2		—		—		11
Nonresidential real estate		112		14		—		—		126
Commercial nonmortgage		11		(1)		—		—		10
Consumer and other:
Loans on deposits		13		2		—		—		15
Home equity		28		4		—		—		32
Automobile		—		—		—		—		—
Unsecured		3		(1)		—		—		2
Unallocated		200		—		—		—		200
Totals	$	1,473	$	302	$	(202)	$	20	$	1,593

The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2015:

	Beginning		Provision for		Loans				Ending
(in thousands)	balance		loan losses		charged off		Recoveries		balance
Residential real estate:
One- to four-family	$	1,086	$	13	$	(37)	$	13	$	1,075
Multi-family		80		14		—		—		94
Construction		7		10		—		—		17
Land		13		(2)		—		—		11
Farm		9		2		—		—		11
Nonresidential real estate		123		3		—		—		126
Commercial nonmortgage		12		(2)		—		—		10
Consumer and other:
Loans on deposits		15		—		—		—		15
Home equity		32		—		—		—		32
Automobile		—		—		—		—		—
Unsecured		4		(2)		—		—		2
Unallocated		200		—		—		—		200
Totals	$	1,581	$	36	$	(37)	$	13	$	1,593

The following table presents the activity in the allowance for loan losses by portfolio segment for the nine months ended March 31, 2014:

	Beginning		Provision for		Loans				Ending
(in thousands)	balance		loan losses		charged off		Recoveries		balance
Residential real estate:
One- to four-family	$	871	$	499	$	(392)	$	12	$	990
Multi-family		63		10		—		—		73
Construction		8		2		—		—		10
Land		12		(4)		—		—		8
Farm		6		3		—		—		9
Nonresidential real estate		94		21		—		—		115
Commercial nonmortgage		13		(1)		—		—		12
Consumer and other:
Loans on deposits		12		2		—		—		14
Home equity		25		3		—		—		28
Automobile		—		—		—		—		—
Unsecured		6		(4)		—		1		3
Unallocated		200		—		—		—		200
Totals	$	1,310	$	531	$	(392)	$	13	$	1,462

The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2014:

	Beginning		Provision for		Loans				Ending
(in thousands)	balance		loan losses		charged off		Recoveries		balance
Residential real estate:
One- to four-family	$	982	$	62	$	(62)	$	8	$	990
Multi-family		64		9		—		—		73
Construction		10		—		—		—		10
Land		10		(2)		—		—		8
Farm		8		1		—		—		9
Nonresidential real estate		102		13		—		—		115
Commercial nonmortgage		16		(4)		—		—		12
Consumer and other:
Loans on deposits		14		—		—		—		14
Home equity		28		—		—		—		28
Autombile		—		—		—		—		—
Unsecured		4		(1)		—		—		3
Unallocated		200		—		—		—		200
Totals	$	1,438	$	78	$	(62)	$	8	$	1,462

Schedule Of Impaired Loans Receivable Additional Information [Table Text Block]

The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio class and based on impairment method as of March 31, 2015. The recorded investment in loans excludes accrued interest receivable and deferred loan costs, net due to immateriality.

March 31, 2015:
			Loans
			acquired
			with				Ending
	Loans		deteriorated		Ending		allowance
	individually		credit		loans		attributed to		Unallocated		Total
(in thousands)	evaluated		quality		balance		loans		allowance		allowance
Loans individually evaluated for impairment:
Residential real estate:
One- to four-family	$	1,725	$	2,517	$	4,242	$	8	$	—	$	8
Land		—		381		381		—		—
Nonresidential real estate		—		528		528		—		—		—
		1,725		3,426		5,151		8		—		8
Loans collectively evaluated for impairment:
Residential real estate:
One- to four-family					$	187,378	$	1,067	$	—	$	1,067
Multi-family						16,389		94		—		94
Construction						2,986		17		—		17
Land						1,916		11		—		11
Farm						1,880		11		—		11
Nonresidential real estate						22,057		126		—		126
Commercial nonmortgage						1,765		10		—		10
Consumer:
Loans on deposits						2,573		15		—		15
Home equity						5,571		32		—		32
Automobile						65		—		—		—
Unsecured						425		2		—		2
Unallocated						—		—		200		200
						243,005		1,385		200		1,585
					$	248,089	$	1,393	$	200	$	1,593

The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio class and based on impairment method as of June 30, 2014.

June 30, 2014:
(in thousands)	Loans individually evaluated		Loans acquired with deteriorated credit quality		Ending loans balance		Ending allowance attributed to loans		Unallocated allowance		Total allowance
Loans individually evaluated for impairment:
Residential real estate:
One- to four-family	$	2,159	$	2,735	$	4,894	$	14	$	—	$	14
Land		—		444		444		—		—
Nonresidential real estate		—		529		529		—		—		—
Commercial nonmortgage		—		68		68		—		—		—
		2,159		3,776		5,935		14		—		14
Loans collectively evaluated for impairment:
Residential real estate:
One- to four-family					$	191,487	$	989	$	—	$	989
Multi-family						14,002		73		—		73
Construction						2,122		11		—		11
Land						1,918		10		—		10
Farm						1,644		9		—		9
Nonresidential real estate						21,416		112		—		112
Commercial nonmortgagel						2,012		11		—		11
Consumer:
Loans on deposits						2,564		13		—		13
Home equity						5,359		28		—		28
Automobile						64		—		—		—
Unsecured						638		3		—		3
Unallocated						—		—		200		200
						243,226		1,259		200		1,459
					$	249,161	$	1,273	$	200	$	1,473

Impaired Financing Receivables [Table Text Block]

The following table presents loans individually evaluated for impairment by class of loans as of and for the nine months ended March 31, 2015 and 2014:

March 31, 2015:

(in  thousands)	Unpaid Principal Balance and Recorded Investment		Allowance for Loan Losses Allocated		Average Recorded Investment		Interest Income Recognized		Cash Basis Income Recognized
With no related allowance recorded:
One- to four-family	$	1,658	$	—	$	1,516	$	26	$	26
Purchased credit-impaired loans		3,426		—		3,552		191		83
		5,084		—		5,068		217		109
With an allowance recorded:
One- to four-family		67		8		104		4		4
	$	5,151	$	8	$	5,172	$	221	$	113

March 31, 2014:

(in  thousands)	Unpaid Principal Balance and Recorded Investment		Allowance for Loan Losses Allocated		Average Recorded Investment		Interest Income Recognized		Cash Basis Income Recognized
With no related allowance recorded:
One- to four-family	$	4,388	$	—	$	4,723	$	—	$	—
Purchased credit-impaired loans		3,747		—		3,822		—		—
		8,135		—		8,545		—		—
With an allowance recorded:
One- to four-family		208		14		208		—		—
	$	8,343	$	14	$	8,753	$	—	$	—

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The following tables present the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of March 31, 2015, and June 30, 2014:

	March 31, 2015				June 30, 2014
(in thousands)	Nonaccrual		Loans Past Due Over 90 Days Still Accruing		Nonaccrual		Loans Past Due Over 90 Days Still Accruing
One- to four-family residential real estate	$	3,853	$	1,234	$	5,767	$	3,513
Nonresidential real estate and land		660		37		384		—
Commercial nonmortgage		26		36		47		—
Consumer		34		16		29		—
	$	4,573	$	1,323	$	6,227	$	3,513

Schedule Of Troubled Debt Restructurings Modified Terms [Table Text Block]

The following table presents TDR’s by loan type at March 31, 2015 and June 30, 2014, and their performance, by modification type:

			Pre-		Post-				TDRs Not
			Modification		Modification		TDRs		Performing
			Outstanding		Outstanding		Performing		to
	Number		Recorded		Recorded		to Modified		Modified
(dollars in thousands)	of Loans		Investment		Investment		Terms		Terms
March 31, 2015
Residential Real Estate:
1-4 Family		39	$	2,142	$	2,142	$	1,617	$	221
June 30, 2014
Residential Real Estate:
1-4 Family		39	$	2,230	$	2,230	$	1,621	$	376

Schedule Of Types Troubled Debt Restructuring Loan Modifications [Table Text Block]

The following table summarizes TDR loan modifications for the three months ended March 31, 2014, and their performance, by modification type:

			Troubled Debt
	Troubled Debt		Restructurings
	Restructurings		Not Performing		Total Troubled
	Performing to		to Modified		Debt
(in thousands)	Modified Terms		Terms		Restructurings
Three months ended March 31, 2014
Residential real estate:
Rate reduction	$	—	$	—	$	—
Bankruptcies		82		—		82
Total troubled debt restructures	$	82	$	—	$	82

The following table summarizes TDR loan modifications that occured during the nine months ended March 31, 2014, and their performance, by modification type

			Troubled Debt
	Troubled Debt		Restructurings
	Restructurings		Not Performing		Total Troubled
	Performing to		to Modified		Debt
(in thousands)	Modified Terms		Terms		Restructurings
Nine months ended March 31, 2014
Residential real estate:
Rate reduction	$	—	$	—	$	—
Bankruptcies		457		—		457
Total troubled debt restructures	$	457	$	—	$	457

Past Due Financing Receivables [Table Text Block]

The following table presents the aging of the principal balance outstanding in past due loans as of March 31, 2015, by class of loans:

			90 Days or		Total
	30-89 Days		Greater		Past		Loans Not
(in thousands)	Past Due		Past Due		Due		Past Due		Total
Residential real estate:
One-to four-family	$	6,122	$	2,841	$	8,963	$	182,590	$	191,553
Multi-family		—		—		—		16,389		16,389
Construction		—		—		—		2,986		2,986
Land		224		37		261		2,036		2,297
Farm		—		—		—		1,880		1,880
Nonresidential real estate		—		320		320		22,265		22,585
Commercial non-mortgage		—		—		—		1,765		1,765
Consumer and other:
Loans on deposits		—		—		—		2,573		2,573
Home equity		—		44		44		5,527		5,571
Automobile		—		—		—		65		65
Unsecured		1		36		37		388		425
Total	$	6,347	$	3,278	$	9,625	$	238,464	$	248,089

The following tables present the aging of the principal balance outstanding in past due loans as of June 30, 2014, by class of loans:

			90 Days or		Total
	30-89 Days		Greater		Past		Loans Not
(in thousands)	Past Due		Past Due		Due		Past Due		Total
Residential real estate:
One-to four-family	$	4,481	$	9,060	$	13,541	$	182,840	$	196,381
Multi-family		—		—		—		14,002		14,002
Construction		343		—		343		1,779		2,122
Land		—		364		364		1,998		2,362
Farm		—		—		—		1,644		1,644
Nonresidential real estate		375		396		771		21,174		21,945
Commercial nonmortgage		—		88		88		1,992		2,080
Consumer:
Loans on deposits		—		—		—		2,564		2,564
Home equity		—		33		33		5,326		5,359
Automobile		—		—		—		64		64
Unsecured		68		—		68		570		638
Total	$	5,267	$	9,941	$	15,208	$	233,953	$	249,161

Financing Receivable Credit Quality Indicators [Table Text Block]

As of March 31, 2015, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:

			Special
(in thousands)	Pass		Mention		Substandard		Doubtful		Not rated
Residential real estate:
One- to four-family	$	—	$	5,268	$	8,731	$	—	$	177,554
Multi-family		16,389		—		—		—		—
Construction		2,986		—		—		—		—
Land		1,428		—		869		—		—
Farm		1,880		—		—		—		—
Nonresidential real estate		19,407		1,136		2,042		—		—
Commercial nonmortgage		1,765		—				—		—
Consumer:
Loans on deposits		2,573		—		—		—		—
Home equity		5,541		—		30		—		—
Automobile		65		—		—		—		—
Unsecured		389		36		—		—		—
	$	52,423	$	6,440	$	11,672	$	—	$	177,554

At June 30, 2014, the risk category of loans by class of loans was as follows:

			Special
(in thousands)	Pass		Mention		Substandard		Doubtful		Not rated
Residential real estate:
One- to four-family	$	—	$	2,928	$	11,287	$	—	$	182,166
Multi-family		14,002		—		—		—		—
Construction		2,122		—		—		—		—
Land		1,366		—		996		—		—
Farm		1,644		—		—		—		—
Nonresidential real estate		18,920		965		2,060		—		—
Commercial nonmortgage		2,014		—		66		—		—
Consumer:
Loans on deposits		2,564		—		—		—		—
Home equity		5,359		—		—		—		—
Automobile		64		—		—		—		—
Unsecured		606		3		29		—		—
	$	48,661	$	3,896	$	14,438	$	—	$	182,166

Certain Loans Acquired In Transfer Accounted For As Debt Securities [Table Text Block]

The carrying amount of those loans, net of a purchase credit discount of $618,000 and $782,000 at March 31, 2015 and June 30, 2014, respectively, is as follows:

(in thousands)	March 31, 2015		June 30, 2014
One- to four-family residential real estate	$	2,517	$	2,735
Land		381		444
Nonresidential real estate		528		529
Commercial nonmortgage		—		68
Outstanding balance	$	3,426	$	3,776

Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield [Table Text Block]

Accretable yield, or income expected to be collected, is as follows

	Three months		Nine months		Twelve
	ended		ended		months ended
	March 31,		March 31,		June 30,
(in thousands)	2015		2015		2014
Balance at beginning of period	$	1,249	$	1,478	$	1,294
New loans purchased		—		—		—
Accretion of income		(105)		(270)		(155)
Reclassifications from nonaccretable difference		—		—		339
Disposals		(77)		(141)		—
Balance at end of period	$	1,067	$	1,067	$	1,478