Loans Receivable - (Tables)

12 Months Ended

Jun. 30, 2016

Loans and Leases Receivable Disclosure [Abstract]

Loans receivable consist of the following at the dates indicated:



	June 30,
	2016			2015
	(In thousands)
Real Estate:
One- to four-family	$	308,471		$	256,696
Multi-family	46,125			33,086
Commercial real estate	161,182			125,623
Construction and land	50,351			19,127
Total real estate loans	566,129			434,532

Consumer:
Home equity	33,909			36,387
Other consumer	9,023			8,198
Total consumer loans	42,932			44,585

Commercial business loans	16,924			14,764

Total loans	625,985			493,881

Less:
Net deferred loan fees	1,182			840
Premium on purchased loans, net	(2,280		)	(1,957		)
Allowance for loan losses	7,239			7,111

Total loans receivable, net	$	619,844		$	487,887

Schedule of loans by the earlier of next repricing date or maturity

Loans, by the earlier of next repricing date or maturity, at the dates indicated:



	June 30,
	2016		2015
	(In thousands)
Adjustable-rate loans
Due within one year	$	91,638	$	64,577
After one but within five years	180,031		119,709
After five but within ten years	58,812		46,678
After ten years	—		—
	330,481		230,964
Fixed-rate loans
Due within one year	9,035		6,102
After one but within five years	38,202		23,974
After five but within ten years	43,059		42,458
After ten years	205,208		190,383
	295,504		262,917
	$	625,985	$	493,881

Schedule of activity in allowance for loan losses

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



	At or For the Year Ended June 30, 2016
	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	(140		)	90		288			247			(205		)	102			49			(198		)	233
Charge-offs	(75		)	—		(18		)	(17		)	(77		)	(172		)	(7		)	—			(366		)
Recoveries	64			—		—			33			63			59			42			—			261
Ending balance	$	2,992		$	341	$	1,268		$	599		$	833		$	310		$	335		$	561		$	7,239

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



	At June 30, 2016
	One-to- four family		Multi-family		Commercial real estate		Construction and land		Home equity		Other consumer		Commercial business		Unallocated		Total
	(In thousands)
Total ALLL	$	2,992	$	341	$	1,268	$	599	$	833	$	310	$	335	$	561	$	7,239
General reserve	2,932		340		1,257		588		814		247		139		561		6,878
Specific reserve	60		1		11		11		19		63		196		—		361

Total loans	$	308,471	$	46,125	$	161,182	$	50,351	$	33,909	$	9,023	$	16,924	$	—	$	625,985
General reserves ⁽¹⁾	302,370		46,003		159,525		50,260		33,279		8,912		16,564		—		616,913
Specific reserves ⁽²⁾	6,101		122		1,657		91		630		111		360		—		9,072


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



	At or For the Year Ended 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)
ALLL:
Beginning balance	$	3,408		$	475		$	1,491		$	397		$	1,289		$	389		$	388		$	235	$	8,072
Provision for loan losses	81			(224		)	(493		)	(29		)	40			64			37			524		—
Charge-offs	(430		)	—			—			(49		)	(325		)	(178		)	(177		)	—		(1,159		)
Recoveries	84			—			—			17			48			46			3			—		198
Ending balance	$	3,143		$	251		$	998		$	336		$	1,052		$	321		$	251		$	759	$	7,111



	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.

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



	At or For the Year Ended June 30, 2014
	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	$	3,667		$	230	$	1,321		$	297		$	1,562		$	453		$	223		$	221	$	7,974
Provision for loan losses	311			245		295			133			75			75			159			14		1,307
Charge-offs	(662		)	—		(125		)	(35		)	(434		)	(181		)	(10		)	—		(1,447		)
Recoveries	92			—		—			2			86			42			16			—		238
Ending balance	$	3,408		$	475	$	1,491		$	397		$	1,289		$	389		$	388		$	235	$	8,072

Schedules of impaired loans

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



	June 30,
	2016						2015
	Recorded Investments (Loan Balance Less Charge-off)		Unpaid Principal Balance		Related Allowance		Recorded Investments (Loan Balance Less Charge-off)		Unpaid Principal Balance		Related Allowance
	(In thousands)
With no allowance recorded:
One- to four-family	$	2,386	$	2,728	$	—	$	3,502	$	4,162	$	—
Multi-family	—		—		—		503		503		—
Commercial real estate	475		558		—		355		416		—
Construction and land	—		—		—		17		48		—
Home equity	138		203		—		209		322		—
Other consumer	—		47		—		—		10		—
Commercial business	—		—		—		—		180		—
Total	2,999		3,536		—		4,586		5,641		—

With an allowance recorded:
One- to four-family	3,715		3,910		60		3,904		4,157		161
Multi-family	122		122		1		127		126		—
Commercial real estate	1,182		1,187		11		1,008		1,008		75
Construction and land	91		115		11		142		166		18
Home equity	492		527		19		426		441		54
Other consumer	111		137		63		164		181		77
Commercial business	360		360		196		403		403		44
Total	6,073		6,358		361		6,174		6,482		429

Total impaired loans:
One- to four-family	6,101		6,638		60		7,406		8,319		161
Multi-family	122		122		1		630		629		—
Commercial real estate	1,657		1,745		11		1,363		1,424		75
Construction and land	91		115		11		159		214		18
Home equity	630		730		19		635		763		54
Other consumer	111		184		63		164		191		77
Commercial business	360		360		196		403		583		44
Total	$	9,072	$	9,894	$	361	$	10,760	$	12,123	$	429

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



	Years Ended June 30,
	2016				2015				2014
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
	(In thousands)
With no allowance recorded:
One- to four-family	$	2,178	$	69	$	4,018	$	162	$	5,101	$	173
Multi-family	284		—		543		17		—		—
Commercial real estate	325		12		1,284		21		3,015		40
Construction and land	14		—		237		4		61		12
Home equity	186		7		221		8		601		18
Other consumer	3		3		—		2		—		—
Commercial business	19		—		26		4		—		—
Total	3,009		91		6,329		218		8,778		243

With an allowance recorded:
One- to four-family	3,928		200		3,223		227		3,780		206
Multi-family	166		6		128		6		—		—
Commercial real estate	1,098		69		1,504		49		3,277		283
Construction and land	141		9		185		14		226		16
Home equity	503		31		593		28		786		26
Other consumer	149		9		101		8		—		—
Commercial business	367		22		454		23		—		—
Total	6,352		346		6,188		355		8,069		531

Total impaired loans:
One- to four-family	6,106		269		7,241		389		8,881		379
Multi-family	450		6		671		23		—		—
Commercial real estate	1,423		81		2,788		70		6,292		323
Construction and land	155		9		422		18		287		28
Home equity	689		38		814		36		1,387		44
Other consumer	152		12		101		10		—		—
Commercial business	386		22		480		27		—		—
Total	$	9,361	$	437	$	12,517	$	573	$	16,847	$	774

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:



	June 30,
	2016		2015
	(In thousands)
One- to four-family	$	2,413	$	4,232
Commercial real estate	474		147
Construction and land	91		159
Home equity	167		181
Other consumer	112		164

Total nonaccrual loans	$	3,257	$	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 June 30, 2016:



	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	$	662	$	88	$	466	$	1,216	$	307,255	$	308,471
Multi-family	—		—		—		—		46,125		46,125
Commercial real estate	—		—		—		—		161,182		161,182
Construction and land	—		—		46		46		50,305		50,351
Total real estate loans	662		88		512		1,262		564,867		566,129

Consumer:
Home equity	344		—		2		346		33,563		33,909
Other consumer	105		—		—		105		8,918		9,023
Total consumer loans	449		—		2		451		42,481		42,932

Commercial business loans	—		—		—		—		16,924		16,924

Total loans	$	1,111	$	88	$	514	$	1,713	$	624,272	$	625,985

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 loans by risk category

The following table represents the internally assigned grade as of June 30, 2016, by class of loans:



	Pass		Watch		Special Mention		Sub- Standard		Total
	(In thousands)
Real Estate:
One- to four-family	$	302,841	$	2,100	$	367	$	3,163	$	308,471
Multi-family	39,955		6,048		122		—		46,125
Commercial real estate	153,783		5,736		1,105		558		161,182
Construction and land	45,986		3,560		643		162		50,351
Total real estate loans	542,565		17,444		2,237		3,883		566,129

Consumer:
Home equity	32,661		634		76		538		33,909
Other consumer	8,632		190		83		118		9,023
Total consumer loans	41,293		824		159		656		42,932

Commercial business loans	15,080		1,454		360		30		16,924

Total loans	$	598,938	$	19,722	$	2,756	$	4,569	$	625,985

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 June 30, 2016, by class of loans:



	Nonperforming		Performing		Total
	(In thousands)
Real Estate:
One- to four-family	$	2,413	$	306,058	$	308,471
Multi-family	—		46,125		46,125
Commercial real estate	474		160,708		161,182
Construction and land	91		50,260		50,351

Consumer:
Home equity	167		33,742		33,909
Other consumer	112		8,911		9,023

Commercial business loans	—		16,924		16,924

Total loans	$	3,257	$	622,728	$	625,985

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:



	June 30,
	2016		2015
	(In thousands)
Total TDR loans	$	6,545	$	7,746
Allowance for loan losses related to TDR loans	267		272
Total nonaccrual TDR loans	944		2,070

The following is a summary of TDR loans which incurred a payment default within 12 months of the restructure date during the year ended June 30, 2016.



	Number of Contracts	Rate Modification		Term Modification		Combination Modification		Total Modifications
		(Dollars in thousands)
TDR loans that subsequently defaulted
One- to four-family	1	$	—	$	—	$	86	$	86

The following is a summary of TDR loans which incurred a payment default within 12 months of the restructure date during the year ended June 30, 2014.



	Number of Contracts	Rate Modification		Term Modification		Combination Modification		Total Modifications
		(Dollars in thousands)
TDR loans that subsequently defaulted
One- to four-family	1	$	—	$	—	$	229	$	229

The following table presents newly restructured and renewals or modifications of existing TDR loans by class that occurred during the year ended June 30, 2015, by type of concession granted:



	Number of Contracts	Rate Modification		Term Modification		Combination Modification		Total Modifications
		(Dollars in thousands)
Pre-modification outstanding recorded investment
One- to four-family	1	$	—	$	151	$	—	$	151
Home equity	1	—		50		—		50
Commercial business	1	—		105		—		105

	3	$	—	$	306	$	—	$	306
Post-modification outstanding recorded investment
One- to four-family	1	$	—	$	154	$	—	$	154
Home equity	1	—		50		—		50
Commercial business	1	—		105		—		105

	3	$	—	$	309	$	—	$	309

The following table presents newly restructured and renewals or modifications of existing TDR loans by class that occurred during the year ended June 30, 2014, by type of concession granted:



	Number of Contracts	Rate Modification		Term Modification		Combination Modification		Total Modifications
		(Dollars in thousands)
Pre-modification outstanding recorded investment
One- to four-family	14	$	950	$	—	$	1,493	$	2,443
Multifamily	5	—		—		610		610
Home equity	2	—		29		44		73
Consumer other	1	—		—		1		1

	22	$	950	$	29	$	2,148	$	3,127
Post-modification outstanding recorded investment
One- to four-family	14	$	947	$	—	$	1,500	$	2,447
Multifamily	1	—		—		597		597
Home equity	2	—		29		44		73
Consumer other	1	—		—		1		1

	18	$	947	$	29	$	2,142	$	3,118

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



	June 30, 2016						June 30, 2015
	Accrual		Nonaccrual		Total		Accrual		Nonaccrual		Total
	(In thousands)
One- to four-family	$	3,473	$	812	$	4,285	$	3,079	$	1,844	$	4,923
Multi-family	122		—		122		629		—		629
Commercial real estate	1,182		132		1,314		1,216		147		1,363
Construction and land	—		—		—		—		—		—
Home equity	464		—		464		349		79		428
Other consumer	—		—		—		—		—		—
Commercial business loans	360		—		360		403		—		403

Total TDR loans	$	5,601	$	944	$	6,545	$	5,676	$	2,070	$	7,746

The following table presents newly restructured and renewals or modifications of existing TDR loans by class that occurred during the year ended June 30, 2016, by type of concession granted:



	Number of Contracts	Rate Modification		Term Modification		Combination Modification		Total Modifications
		(Dollars in thousands)
Pre-modification outstanding recorded investment
One- to four-family	6	$	19	$	—	$	481	$	500

	6	$	19	$	—	$	481	$	500
Post-modification outstanding recorded investment
One- to four-family	4	$	18	$	—	$	484	$	502

	4	$	18	$	—	$	484	$	502