Loans Receivable - (Tables)

6 Months Ended

Dec. 31, 2015

Loans and Leases Receivable Disclosure [Abstract]

Loans receivable consisted of the following at the dates indicated:



	December 31, 2015			June 30, 2015
	(In thousands)
Real Estate:
One-to-four family	$	275,728		$	256,696
Multi-family	44,104			33,086
Commercial real estate	130,398			125,623
Construction and land	26,580			19,127
Total real estate loans	476,810			434,532

Consumer:
Home equity	35,288			36,387
Other consumer	7,687			8,198
Total consumer loans	42,975			44,585

Commercial business loans	13,623			14,764

Total loans	533,408			493,881

Less:
Net deferred loan fees	1,070			840
Premium on purchased loans, net	(1,780		)	(1,957		)
Allowance for loan losses	6,974			7,111

Total loans receivable, net	$	527,144		$	487,887

Schedule of activity in allowance for loan losses

The following tables summarize changes in the ALLL and loan portfolio by segment and impairment method for the periods shown:



	At or For the Three Months Ended December 31, 2015
	One-to- four family			Multi-family		Commercial real estate			Construction and land		Home equity			Other consumer			Commercial business			Unallocated			Total
	(In thousands)
ALLL:
Beginning balance	$	3,027		$	260	$	1,040		$	372	$	946		$	284		$	163		$	984		$	7,076
Provision for loan losses	(115		)	27		(34		)	17		83			58			(24		)	(12		)	—
Charge-offs	(53		)	—		—			—		(30		)	(72		)	—			—			(155		)
Recoveries	4			—		—			1		31			17			—			—			53
Ending balance	$	2,863		$	287	$	1,006		$	390	$	1,030		$	287		$	139		$	972		$	6,974



	At or For the Six Months Ended December 31, 2015
	One-to- four family			Multi-family		Commercial real estate		Construction and land		Home equity			Other consumer			Commercial business			Unallocated		Total
	(In thousands)
ALLL:
Beginning balance	$	3,143		$	251	$	998	$	336	$	1,052		$	321		$	251		$	759	$	7,111
Provision for loan losses	(228		)	36		8		53		4			60			(146		)	213		—
Charge-offs	(60		)	—		—		—		(69		)	(122		)	(7		)	—		(258		)
Recoveries	8			—		—		1		43			28			41			—		121
Ending balance	$	2,863		$	287	$	1,006	$	390	$	1,030		$	287		$	139		$	972	$	6,974



	At December 31, 2015
	One-to- four family		Multi-family		Commercial real estate		Construction and land		Home equity		Other consumer		Commercial business		Unallocated		Total
	(In thousands)
Total ALLL	$	2,863	$	287	$	1,006	$	390	$	1,030	$	287	$	139	$	972	$	6,974
General reserve	2,623		287		935		369		947		221		98		972		6,452
Specific reserve	240		—		71		21		83		66		41		—		522

Total loans	$	275,728	$	44,104	$	130,398	$	26,580	$	35,288	$	7,687	$	13,623	$	—	$	533,408
General reserves ⁽¹⁾	269,932		43,557		129,058		26,414		34,522		7,549		13,240		—		524,272
Specific reserves ⁽²⁾	5,796		547		1,340		166		766		138		383		—		9,136


⁽¹⁾ Loans collectively evaluated for general reserves.
⁽²⁾ Loans individually evaluated for specific reserves.



	At or For the Three Months Ended December 31, 2014
	One-to- four family			Multi-family			Commercial real estate		Construction and land			Home equity			Other consumer			Commercial business			Unallocated		Total
ALLL:	(In thousands)
Beginning balance	$	3,746		$	417		$	1,270	$	431		$	1,151		$	338		$	206		$	424	$	7,983
Provision for loan losses	(348		)	(23		)	103		(23		)	(54		)	(15		)	(21		)	381		—
Charge-offs	(103		)	—			—		(4		)	(195		)	(39		)	—			—		(341		)
Recoveries	5			—			—		1			8			7			3			—		24
Ending balance	$	3,300		$	394		$	1,373	$	405		$	910		$	291		$	188		$	805	$	7,666



	At or For the Six Months Ended December 31, 2014
	One-to- four family			Multi-family			Commercial real estate			Construction and land			Home equity			Other consumer			Commercial business			Unallocated		Total
ALLL:	(In thousands)
Beginning balance	$	3,408		$	475		$	1,491		$	397		$	1,289		$	389		$	388		$	235	$	8,072
Provision for loan losses	3			(81		)	(118		)	56			(203		)	(24		)	(203		)	570		—
Charge-offs	(122		)	—			—			(49		)	(195		)	(95		)	—			—		(461		)
Recoveries	11			—			—			1			19			21			3			—		55
Ending balance	$	3,300		$	394		$	1,373		$	405		$	910		$	291		$	188		$	805	$	7,666



	At June 30, 2015
	One-to- four family		Multi-family		Commercial real estate		Construction and land		Home equity		Other consumer		Commercial business		Unallocated		Total
	(In thousands)
Total ALLL	$	3,143	$	251	$	998	$	336	$	1,052	$	321	$	251	$	759	$	7,111
General reserve	2,982		251		923		318		998		244		207		759		6,682
Specific reserve	161		—		75		18		54		77		44		—		429

Total loans	$	256,696	$	33,086	$	125,623	$	19,127	$	36,387	$	8,198	$	14,764	$	—	$	493,881
General reserves ⁽¹⁾	249,290		32,456		124,260		18,968		35,752		8,034		14,361		—		483,121
Specific reserves ⁽²⁾	7,406		630		1,363		159		635		164		403		—		10,760


⁽¹⁾ Loans collectively evaluated for general reserves.
⁽²⁾ Loans individually evaluated for specific reserves.

Schedules of impaired loans

The following tables present the average recorded investment in loans individually evaluated for impairment and the related interest income recognized for the periods shown:



	Three Months Ended				Six Months Ended
	December 31, 2014				December 31, 2014
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(In thousands)
With no allowance recorded:
One-to-four family	$	3,893	$	83	$	3,959	$	109
Multi-family	564		5		580		9
Commercial real estate	2,098		13		2,004		38
Construction and land	310		15		311		16
Home equity	196		3		258		5
Other consumer	—		—		—		1
Total	7,061		119		7,112		178

With an allowance recorded:
One-to-four family	3,304		70		3,321		105
Multi-family	129		2		129		3
Commercial real estate	1,251		12		1,944		25
Construction and land	162		10		160		11
Home equity	646		11		653		19
Other consumer	76		3		64		2
Commercial business	422		6		423		12
Total	5,990		114		6,694		177

Total impaired loans:
One-to-four family	7,197		153		7,280		214
Multi-family	693		7		709		12
Commercial real estate	3,349		25		3,948		63
Construction and land	472		25		471		27
Home equity	842		14		911		24
Other consumer	76		3		64		3
Commercial business	422		6		423		12
Total	$	13,051	$	233	$	13,806	$	355

The following table presents a summary of loans individually evaluated for impairment by portfolio segment at the dates indicated:



	December 31, 2015						June 30, 2015
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
	(In thousands)
With no allowance recorded:
One-to-four family	$	1,667	$	2,222	$	—	$	3,502	$	4,162	$	—
Multi-family	423		423		—		503		503		—
Commercial real estate	349		412		—		355		416		—
Construction and land	16		47		—		17		48		—
Home equity	163		300		—		209		322		—
Other consumer	—		33		—		—		10		—
Commercial business	77		77		—		—		180		—
Total	2,695		3,514		—		4,586		5,641		—

With an allowance recorded:
One-to-four family	4,129		4,306		240		3,904		4,157		161
Multi-family	124		124		—		127		126		—
Commercial real estate	991		991		71		1,008		1,008		75
Construction and land	150		174		21		142		166		18
Home equity	603		665		83		426		441		54
Other consumer	138		158		66		164		181		77
Commercial business	306		306		41		403		403		44
Total	6,441		6,724		522		6,174		6,482		429

Total impaired loans:
One-to-four family	5,796		6,528		240		7,406		8,319		161
Multi-family	547		547		—		630		629		—
Commercial real estate	1,340		1,403		71		1,363		1,424		75
Construction and land	166		221		21		159		214		18
Home equity	766		965		83		635		763		54
Other consumer	138		191		66		164		191		77
Commercial business	383		383		41		403		583		44
Total	$	9,136	$	10,238	$	522	$	10,760	$	12,123	$	429

The following tables present the average recorded investment in loans individually evaluated for impairment and the related interest income recognized for the periods shown:



	Three Months Ended				Six Months Ended
	December 31, 2015				December 31, 2015
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(In thousands)
With no allowance recorded:
One-to-four family	$	2,176	$	45	$	2,590	$	45
Multi-family	448		3		391		7
Commercial real estate	350		5		352		11
Construction and land	16		1		16		2
Home equity	177		6		230		6
Other consumer	—		1		5		1
Commercial business loans	26		2		13		3
Total	3,193		63		3,597		75

With an allowance recorded:
One-to-four family	3,632		68		3,515		104
Multi-family	125		2		209		3
Commercial real estate	994		13		998		24
Construction and land	153		7		151		8
Home equity	515		10		442		17
Other consumer	160		4		163		6
Commercial business	368		4		385		8
Total	5,947		108		5,863		170

Total impaired loans:
One-to-four family	5,808		113		6,105		149
Multi-family	573		5		600		10
Commercial real estate	1,344		18		1,350		35
Construction and land	169		8		167		10
Home equity	692		16		672		23
Other consumer	160		5		168		7
Commercial business	394		6		398		11
Total	$	9,140	$	171	$	9,460	$	245

Schedule of recorded investments in nonaccrual loans

The following table presents the recorded investment in nonaccrual loans by class of loan at the dates indicated:



	December 31, 2015		June 30, 2015
	(In thousands)
One-to-four family	$	1,670	$	4,232
Commercial real estate	139		147
Construction and land	166		159
Home equity	140		181
Other consumer	139		164

Total nonaccrual loans	$	2,254	$	4,883

Schedule of past due loans by class

The following table presents past due loans, net of partial loan charge-offs, by class, as of December 31, 2015:



	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans
	(In thousands)
Real Estate:
One-to-four family	$	1,355	$	613	$	455	$	2,423	$	273,305	$	275,728
Multi-family	—		—		—		—		44,104		44,104
Commercial real estate	—		—		—		—		130,398		130,398
Construction and land	99		36		141		276		26,304		26,580
Total real estate loans	1,454		649		596		2,699		474,111		476,810

Consumer:
Home equity	419		—		94		513		34,775		35,288
Other consumer	169		4		22		195		7,492		7,687
Total consumer loans	588		4		116		708		42,267		42,975

Commercial business loans	—		—		—		—		13,623		13,623

Total loans	$	2,042	$	653	$	712	$	3,407	$	530,001	$	533,408

The following table presents past due loans, net of partial loan charge-offs, by class, as of June 30, 2015:



	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans
	(In thousands)
Real Estate:
One-to-four family	$	—	$	1,230	$	704	$	1,934	$	254,762	$	256,696
Multi-family	—		—		—		—		33,086		33,086
Commercial real estate	—		—		—		—		125,623		125,623
Construction and land	—		114		23		137		18,990		19,127
Total real estate loans	—		1,344		727		2,071		432,461		434,532

Consumer:
Home equity	81		15		98		194		36,193		36,387
Other consumer	58		89		10		157		8,041		8,198
Total consumer loans	139		104		108		351		44,234		44,585

Commercial business loans	—		—		—		—		14,764		14,764

Total loans	$	139	$	1,448	$	835	$	2,422	$	491,459	$	493,881

Schedule of risk category of loans

The following table represents the internally assigned grade as of December 31, 2015, by class of loans:



	Pass		Watch		Special Mention		Sub- Standard		Total
	(In thousands)
Real Estate:
One-to-four family	$	268,154	$	3,240	$	1,578	$	2,756	$	275,728
Multi-family	37,453		6,104		—		547		44,104
Commercial real estate	119,249		9,508		667		974		130,398
Construction and land	26,087		187		65		241		26,580
Total real estate loans	450,943		19,039		2,310		4,518		476,810

Consumer:
Home equity	33,262		1,209		164		653		35,288
Other consumer	7,222		254		40		171		7,687
Total consumer loans	40,484		1,463		204		824		42,975

Commercial business loans	8,083		5,117		—		423		13,623

Total loans	$	499,510	$	25,619	$	2,514	$	5,765	$	533,408

The following table represents the internally assigned grade as of June 30, 2015, by class of loans:



	Pass		Watch		Special Mention		Sub- Standard		Total
	(In thousands)
Real Estate:
One-to-four family	$	247,491	$	2,458	$	794	$	5,953	$	256,696
Multi-family	22,907		9,550		—		629		33,086
Commercial real estate	106,072		12,960		5,134		1,457		125,623
Construction and land	18,426		351		113		237		19,127
Total real estate loans	394,896		25,319		6,041		8,276		434,532

Consumer:
Home equity	34,969		501		86		831		36,387
Other consumer	7,622		213		77		286		8,198
Total consumer loans	42,591		714		163		1,117		44,585

Commercial business loans	8,449		5,795		62		458		14,764

Total loans	$	445,936	$	31,828	$	6,266	$	9,851	$	493,881

The following table represents the credit risk profile based on payment activity as of December 31, 2015, by class of loans:



	Nonperforming		Performing		Total
	(In thousands)
Real Estate:
One-to-four family	$	1,670	$	274,058	$	275,728
Multi-family	—		44,104		44,104
Commercial real estate	139		130,259		130,398
Construction and land	166		26,414		26,580

Consumer:
Home equity	140		35,148		35,288
Other consumer	139		7,548		7,687

Commercial business loans	—		13,623		13,623

Total loans	$	2,254	$	531,154	$	533,408

The following table represents the credit risk profile based on payment activity as of June 30, 2015, by class of loans:



	Nonperforming		Performing		Total
	(In thousands)
Real Estate:
One-to-four family	$	4,232	$	252,464	$	256,696
Multi-family	—		33,086		33,086
Commercial real estate	147		125,476		125,623
Construction and land	159		18,968		19,127

Consumer:
Home equity	181		36,206		36,387
Other consumer	164		8,034		8,198

Commercial business loans	—		14,764		14,764

Total loans	$	4,883	$	488,998	$	493,881

Schedule of troubled debt restructured loans

The following is a summary of information pertaining to TDR loans included in impaired loans at the dates indicated:



	December 31,		June 30,
	2015		2015
	(In thousands)
Total TDR loans	$	7,430	$	7,746
Allowance for loan losses related to TDR loans	362		272
Total nonaccrual TDR loans	897		5,676

The following is a summary of TDR loans which incurred a payment default within 12 months of the restructure date during the three and six months ended December 31, 2015.



	Number of Contracts	Rate Modification		Term Modification		Combination Modification		Total Modifications
		(Dollars in thousands)
TDR loans that subsequently defaulted
One- to four-family	2	$	—	$	—	$	379	$	379

The following table presents TDR loans by class at the dates indicated by accrual and nonaccrual status.



	December 31, 2015						June 30, 2015
	Accrual		Nonaccrual		Total		Accrual		Nonaccrual		Total
	(In thousands)
One-to-four family	$	3,897	$	758	$	4,655	$	1,844	$	3,079	$	4,923
Multi-family	547		—		547		—		629		629
Commercial real estate	1,200		139		1,339		147		1,216		1,363
Construction and land	—		—		—		—		—		—
Home equity	506		—		506		79		349		428
Other consumer	—		—		—		—		—		—
Commercial business loans	383		—		383		—		403		403

Total TDR loans	$	6,533	$	897	$	7,430	$	2,070	$	5,676	$	7,746