There was no allowance for possible loan losses at September 30, 2012 or 2011. The following is an analysis of the allowance for possible loan losses for the years indicated (dollars in thousands):
Year Ended September 30,
2011
2010
Balance at beginning of year
$
3,165
$
1,618
Provision for loan loss
—
3,165
Recovery of previously provided allowance
(3,595
)
(365
)
Charge-offs
(609
)
(1,480
)
Recoveries
1,039
227
Balance at end of year
$
—
$
3,165
The allowance for possible losses at September 30, 2010 applies to two loans aggregating $26,655,000.