XML 43 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Loans Receivable (Tables)
 12 Months Ended
Jun. 30, 2018
Receivables [Abstract]  
Summary of Loans Receivable

Loans receivable are summarized as follows at June 30 (in thousands):

 

 

June 30,

 

 

 

2018

 

 

2017

 

Mortgage loans:

 

 

 

 

 

 

 

 

Residential

 

$

250,578

 

 

$

217,778

 

Commercial

 

 

495,265

 

 

 

437,651

 

Construction

 

 

17,352

 

 

 

22,404

 

Net deferred loan origination costs

 

 

1,041

 

 

 

397

 

Total mortgages

 

 

764,236

 

 

 

678,230

 

Commercial and consumer loans:

 

 

 

 

 

 

 

 

Commercial loans

 

 

104,135

 

 

 

93,631

 

Home equity lines of credit

 

 

37,395

 

 

 

41,927

 

Consumer and overdrafts

 

 

745

 

 

 

233

 

Net deferred loan origination costs

 

 

729

 

 

 

777

 

Total commercial and consumer loans

 

 

143,004

 

 

 

136,568

 

Total loans receivable

 

 

907,240

 

 

 

814,798

 

Allowance for loan losses

 

 

(4,904

)

 

 

(5,150

)

Loans receivable, net

 

$

902,336

 

 

$

809,648

 

 
Summary of Activity in Allowance for Loan Losses by Portfolio Segment

The following tables present the activity in the allowance for loan losses by portfolio segment for the years ended June 30, 2018, 2017 and 2016 (in thousands):

 

 

 

For the year ended June 30, 2018

 

 

 

Beginning

Allowance

 

 

Provision (Credit)

 

 

Charge-offs

 

 

Recoveries

 

 

Ending

Allowance

 

Originated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

360

 

 

$

161

 

 

$

(136

)

 

$

1

 

 

$

386

 

Commercial

 

 

2,589

 

 

 

114

 

 

 

-

 

 

 

370

 

 

 

3,073

 

Construction

 

 

1,150

 

 

 

352

 

 

 

(997

)

 

 

-

 

 

 

505

 

Commercial loans

 

 

949

 

 

 

(335

)

 

 

(54

)

 

 

220

 

 

 

780

 

Home equity lines of credit

 

 

76

 

 

 

45

 

 

 

(60

)

 

 

19

 

 

 

80

 

Consumer and overdrafts

 

 

-

 

 

 

30

 

 

 

(23

)

 

 

-

 

 

 

7

 

Acquired:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

Residential

 

 

26

 

 

 

47

 

 

 

-

 

 

 

-

 

 

 

73

 

Total

 

$

5,150

 

 

$

414

 

 

$

(1,270

)

 

$

610

 

 

$

4,904

 

 

 

 

 

For the year ended June 30, 2017

 

 

 

Beginning

Allowance

 

 

Provision (Credit)

 

 

Charge-offs

 

 

Recoveries

 

 

Ending

Allowance

 

Originated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

237

 

 

$

290

 

 

$

(237

)

 

$

70

 

 

$

360

 

Commercial

 

 

2,149

 

 

 

421

 

 

 

-

 

 

 

19

 

 

 

2,589

 

Construction

 

 

269

 

 

 

989

 

 

 

(108

)

 

 

-

 

 

 

1,150

 

Commercial loans

 

 

1,313

 

 

 

(944

)

 

 

(741

)

 

 

1,321

 

 

 

949

 

Home equity lines of credit

 

 

73

 

 

 

3

 

 

 

-

 

 

 

-

 

 

 

76

 

Consumer and overdrafts

 

 

1

 

 

 

(5

)

 

 

-

 

 

 

4

 

 

 

-

 

Acquired:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

Residential

 

 

-

 

 

 

64

 

 

 

(38

)

 

 

-

 

 

 

26

 

Commercial loans

 

 

-

 

 

 

2

 

 

 

(2

)

 

 

-

 

 

 

-

 

Consumer and overdrafts

 

 

-

 

 

 

3

 

 

 

(3

)

 

 

-

 

 

 

-

 

Total

 

$

4,042

 

 

$

823

 

 

$

(1,129

)

 

$

1,414

 

 

$

5,150

 

 

 

 

For the year ended June 30, 2016

 

 

 

Beginning

Allowance

 

 

Provision (Credit)

 

 

Charge-offs

 

 

Recoveries

 

 

Ending

Allowance

 

Originated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

193

 

 

$

444

 

 

$

(400

)

 

$

-

 

 

$

237

 

Commercial

 

 

1,766

 

 

 

215

 

 

 

(10

)

 

 

178

 

 

 

2,149

 

Construction

 

 

100

 

 

 

(23

)

 

 

-

 

 

 

192

 

 

 

269

 

Commercial loans

 

 

1,793

 

 

 

1,172

 

 

 

(1,677

)

 

 

25

 

 

 

1,313

 

Home equity lines of credit

 

 

69

 

 

 

28

 

 

 

(24

)

 

 

-

 

 

 

73

 

Consumer and overdrafts

 

 

-

 

 

 

23

 

 

 

(22

)

 

 

-

 

 

 

1

 

Total

 

$

3,921

 

 

$

1,859

 

 

$

(2,133

)

 

$

395

 

 

$

4,042

 

 
Summary of Balance in Allowance for Loan Losses and Recorded investment in Loans by Portfolio Segment, and Based on Impairment Method

The following tables present the balance in the allowance for loan losses and the recorded investment in loans, excluding net deferred fees and accrued interest, by portfolio segment, and based on impairment method as of June 30, 2018 and June 30, 2017 (in thousands):

 

 

 

June 30, 2018

 

 

 

Loans

 

 

 

 

 

 

Individually

Evaluated for

Impairment

 

 

Collectively

Evaluated for

Impairment

 

 

Acquired With

Deteriorated

Credit Quality

 

 

Total

 

 

Individually

Evaluated for

Impairment

 

 

Collectively

Evaluated for

Impairment

 

 

Acquired With

Deteriorated

Credit Quality

 

 

Total

 

Residential

 

$

2,360

 

 

$

246,913

 

 

$

1,305

 

 

$

250,578

 

 

$

154

 

 

$

232

 

 

$

73

 

 

$

459

 

Commercial

 

 

1,683

 

 

 

492,105

 

 

 

1,477

 

 

 

495,265

 

 

 

-

 

 

 

3,073

 

 

 

-

 

 

 

3,073

 

Construction

 

 

2,260

 

 

 

15,092

 

 

 

-

 

 

 

17,352

 

 

 

276

 

 

 

229

 

 

 

-

 

 

 

505

 

Commercial loans

 

 

2,451

 

 

 

101,684

 

 

 

-

 

 

 

104,135

 

 

 

9

 

 

 

771

 

 

 

-

 

 

 

780

 

Home equity lines of credit

 

 

360

 

 

 

36,867

 

 

 

168

 

 

 

37,395

 

 

 

12

 

 

 

68

 

 

 

-

 

 

 

80

 

Consumer and overdrafts

 

 

-

 

 

 

745

 

 

 

-

 

 

 

745

 

 

 

-

 

 

 

7

 

 

 

-

 

 

 

7

 

Total

 

$

9,114

 

 

$

893,406

 

 

$

2,950

 

 

$

905,470

 

 

$

451

 

 

$

4,380

 

 

$

73

 

 

$

4,904

 

 

 

 

June 30, 2017

 

 

 

Loans

 

 

 

 

 

 

Individually

Evaluated for

Impairment

 

 

Collectively

Evaluated for

Impairment

 

 

Acquired With

Deteriorated

Credit Quality

 

 

Total

 

 

Individually

Evaluated for

Impairment

 

 

Collectively

Evaluated for

Impairment

 

 

Acquired With

Deteriorated

Credit Quality

 

 

Total

 

Residential

 

$

4,471

 

 

$

211,983

 

 

$

1,324

 

 

$

217,778

 

 

$

131

 

 

$

229

 

 

$

26

 

 

$

386

 

Commercial

 

 

2,411

 

 

 

433,416

 

 

 

1,824

 

 

 

437,651

 

 

 

-

 

 

 

2,589

 

 

 

-

 

 

 

2,589

 

Construction

 

 

3,661

 

 

 

18,743

 

 

 

-

 

 

 

22,404

 

 

 

997

 

 

 

153

 

 

 

-

 

 

 

1,150

 

Commercial loans

 

 

6,169

 

 

 

87,420

 

 

 

42

 

 

 

93,631

 

 

 

9

 

 

 

940

 

 

 

-

 

 

 

949

 

Home equity lines of credit

 

 

610

 

 

 

41,140

 

 

 

177

 

 

 

41,927

 

 

 

5

 

 

 

71

 

 

 

-

 

 

 

76

 

Consumer and overdrafts

 

 

-

 

 

 

233

 

 

 

-

 

 

 

233

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

$

17,322

 

 

$

792,935

 

 

$

3,367

 

 

$

813,624

 

 

$

1,142

 

 

$

3,982

 

 

$

26

 

 

$

5,150

 

 
Summary of Loans Individually Evaluated for Impairment (Excluding Loans Acquired with Deteriorated Credit Quality) by Class of Loans

The following tables present information related to loans individually evaluated for impairment (excluding loans acquired with deteriorated credit quality) by class of loans as of and for the years ended June 30, 2018, 2017 and 2016 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2018

 

 

 

Unpaid

Principal

Balance

 

 

Recorded Investment

 

 

Allowance

for Loan

Losses

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

1,659

 

 

$

1,576

 

 

$

-

 

Commercial

 

 

1,765

 

 

 

1,683

 

 

 

-

 

Commercial loans

 

 

2,254

 

 

 

2,098

 

 

 

-

 

Home equity lines of credit

 

 

341

 

 

 

341

 

 

 

-

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

 

742

 

 

 

784

 

 

 

154

 

Construction

 

 

3,257

 

 

 

2,260

 

 

 

276

 

Commercial loans

 

 

353

 

 

 

353

 

 

 

9

 

Home equity lines of credit

 

 

84

 

 

 

19

 

 

 

12

 

Total

 

$

10,455

 

 

$

9,114

 

 

$

451

 

 

 

 

June 30, 2017

 

 

 

Unpaid

Principal

Balance

 

 

Recorded Investment

 

 

Allowance

for Loan

Losses

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

4,216

 

 

$

4,014

 

 

$

-

 

Commercial

 

 

2,935

 

 

 

2,411

 

 

 

-

 

Construction

 

 

404

 

 

 

404

 

 

 

-

 

Commercial loans

 

 

9,433

 

 

 

4,979

 

 

 

-

 

Home equity lines of credit

 

 

599

 

 

 

599

 

 

 

-

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

 

395

 

 

 

457

 

 

 

131

 

Construction

 

 

3,257

 

 

 

3,257

 

 

 

997

 

Commercial loans

 

 

1,190

 

 

 

1,190

 

 

 

9

 

Home equity lines of credit

 

 

11

 

 

 

11

 

 

 

5

 

Total

 

$

22,440

 

 

$

17,322

 

 

$

1,142

 

 
Summary of Average Recorded Investment and Interest Income Recognized on Loans Individually Evaluated for Impairment, by Class of Loans

 

 

 

For the year ended

 

 

For the year ended

 

 

For the year ended

 

 

 

June 30, 2018

 

 

June 30, 2017

 

 

June 30, 2016

 

 

 

Average

Recorded Investment

 

 

Interest

Income

Recognized

 

 

Average

Recorded Investment

 

 

Interest

Income

Recognized

 

 

Average

Recorded Investment

 

 

Interest

Income

Recognized

 

With no related allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

3,041

 

 

$

184

 

 

$

4,238

 

 

$

42

 

 

$

5,577

 

 

$

6

 

Commercial

 

 

2,350

 

 

 

248

 

 

 

2,448

 

 

 

137

 

 

 

9,324

 

 

 

88

 

Construction

 

 

93

 

 

 

17

 

 

 

406

 

 

 

12

 

 

 

13

 

 

 

-

 

Commercial loans

 

 

3,457

 

 

 

1,049

 

 

 

5,065

 

 

 

239

 

 

 

10,755

 

 

 

71

 

Home equity lines of credit

 

 

507

 

 

 

22

 

 

 

599

 

 

 

(2

)

 

 

430

 

 

 

-

 

With an allowance recorded:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

 

453

 

 

 

15

 

 

 

432

 

 

 

15

 

 

 

-

 

 

 

-

 

Construction

 

 

2,720

 

 

 

-

 

 

 

3,015

 

 

 

71

 

 

 

132

 

 

 

-

 

Commercial loans

 

 

1,491

 

 

 

66

 

 

 

1,224

 

 

 

61

 

 

 

422

 

 

 

12

 

Home equity lines of credit

 

 

11

 

 

 

-

 

 

 

11

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

$

14,123

 

 

$

1,601

 

 

$

17,438

 

 

$

575

 

 

$

26,653

 

 

$

177

 

 
Nonaccrual Loans and in Loans Past Due over 90 Days Still on Accrual Status by Class of Loans

The following table presents the recorded investment in nonaccrual loans and in loans past due over 90 days still on accrual status, by class of loans as of June 30, 2018 and June 30, 2017 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

Loans Past Due Over 90 Days

 

 

 

Nonaccrual

 

 

and Still Accruing

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Originated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

604

 

 

$

2,581

 

 

$

-

 

 

$

-

 

Commercial

 

 

262

 

 

 

-

 

 

 

-

 

 

 

-

 

Construction

 

 

2,260

 

 

 

3,661

 

 

 

-

 

 

 

-

 

Commercial loans

 

 

788

 

 

 

2,959

 

 

 

-

 

 

 

-

 

Home equity lines of credit

 

 

45

 

 

 

302

 

 

 

-

 

 

 

-

 

Acquired:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

 

1,308

 

 

 

1,776

 

 

 

-

 

 

 

-

 

Commercial

 

 

532

 

 

 

497

 

 

 

-

 

 

 

-

 

Home equity lines of credit

 

 

303

 

 

 

296

 

 

 

-

 

 

 

-

 

Total

 

$

6,102

 

 

$

12,072

 

 

$

-

 

 

$

-

 

 
Aging of Recorded Investment in Past Due Loans by Class of Loans

The following tables present the aging of the recorded investment in past due loans by class of loans as of June 30, 2018 and June 30, 2017 (in thousands):

 

 

June 30, 2018

 

 

 

 

 

 

 

 

 

 

90 Days or

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30-59

 

 

60-89

 

 

More Past

 

 

Total Past

 

 

 

 

 

 

 

 

 

 

 

Days Past Due

 

 

Days Past Due

 

 

Due

 

 

Due

 

 

Current

 

 

Total

 

Originated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

-

 

 

$

394

 

 

$

210

 

 

$

604

 

 

$

194,986

 

 

$

195,590

 

Commercial

 

 

-

 

 

 

-

 

 

 

262

 

 

 

262

 

 

 

420,320

 

 

 

420,582

 

Construction

 

 

-

 

 

 

-

 

 

 

2,260

 

 

 

2,260

 

 

 

15,092

 

 

 

17,352

 

Commercial loans

 

 

-

 

 

 

-

 

 

 

500

 

 

 

500

 

 

 

102,767

 

 

 

103,267

 

Home equity lines of credit

 

 

-

 

 

 

-

 

 

 

45

 

 

 

45

 

 

 

32,311

 

 

 

32,356

 

Consumer and overdrafts

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

733

 

 

 

733

 

Total originated

 

 

-

 

 

 

394

 

 

 

3,277

 

 

 

3,671

 

 

 

766,209

 

 

 

769,880

 

Acquired:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

 

-

 

 

 

232

 

 

 

1,806

 

 

 

2,038

 

 

 

52,950

 

 

 

54,988

 

Commercial

 

 

-

 

 

 

-

 

 

 

1,112

 

 

 

1,112

 

 

 

73,571

 

 

 

74,683

 

Construction

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial loans

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

868

 

 

 

868

 

Home equity lines of credit

 

 

30

 

 

 

-

 

 

 

296

 

 

 

326

 

 

 

4,713

 

 

 

5,039

 

Consumer and overdrafts

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

12

 

 

 

12

 

Total acquired

 

 

30

 

 

 

232

 

 

 

3,214

 

 

 

3,476

 

 

 

132,114

 

 

 

135,590

 

Total

 

$

30

 

 

$

626

 

 

$

6,491

 

 

$

7,147

 

 

$

898,323

 

 

$

905,470

 

 

 

 

June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

90 Days or

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30-59

 

 

60-89

 

 

More Past

 

 

Total Past

 

 

 

 

 

 

 

 

 

 

 

Days Past Due

 

 

Days Past Due

 

 

Due

 

 

Due

 

 

Current

 

 

Total

 

Originated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

94

 

 

$

275

 

 

$

1,973

 

 

$

2,342

 

 

$

153,390

 

 

$

155,732

 

Commercial

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

355,247

 

 

 

355,247

 

Construction

 

 

-

 

 

 

-

 

 

 

3,661

 

 

 

3,661

 

 

 

18,743

 

 

 

22,404

 

Commercial loans

 

 

-

 

 

 

-

 

 

 

544

 

 

 

544

 

 

 

88,449

 

 

 

88,993

 

Home equity lines of credit

 

 

-

 

 

 

199

 

 

 

103

 

 

 

302

 

 

 

35,246

 

 

 

35,548

 

Consumer and overdrafts

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

211

 

 

 

211

 

Total originated

 

 

94

 

 

 

474

 

 

 

6,281

 

 

 

6,849

 

 

 

651,286

 

 

 

658,135

 

Acquired:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

 

237

 

 

 

463

 

 

 

1,472

 

 

 

2,172

 

 

 

59,874

 

 

 

62,046

 

Commercial

 

 

-

 

 

 

-

 

 

 

1,054

 

 

 

1,054

 

 

 

81,350

 

 

 

82,404

 

Construction

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial loans

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

4,638

 

 

 

4,638

 

Home equity lines of credit

 

 

-

 

 

 

-

 

 

 

296

 

 

 

296

 

 

 

6,083

 

 

 

6,379

 

Consumer and overdrafts

 

 

-

 

 

 

-

 

 

 

 

 

 

 

-

 

 

 

22

 

 

 

22

 

Total acquired

 

 

237

 

 

 

463

 

 

 

2,822

 

 

 

3,522

 

 

 

151,967

 

 

 

155,489

 

Total

 

$

331

 

 

$

937

 

 

$

9,103

 

 

$

10,371

 

 

$

803,253

 

 

$

813,624

 

 
Summary of Loans by Class Modified in Troubled Debt Restructurings

The following table presents loans by modified in troubled debt restructurings that occurred during the years ended June 30, 2018, 2017 and 2016 (dollars in thousands):

 

 

Number of loans

 

Pre-Modification Outstanding Recorded Investment

 

 

Post-Modification Outstanding Recorded Investment

 

Year ended June 30, 2018:

 

 

 

 

 

 

 

 

 

 

Commercial loans

 

1

 

$

275

 

 

$

289

 

Total

 

1

 

$

275

 

 

$

289

 

 

 

 

 

 

 

 

 

 

 

 

Year ended June 30, 2017:

 

 

 

 

 

 

 

 

 

 

Residential

 

1

 

$

165

 

 

$

210

 

Commercial loans

 

1

 

 

276

 

 

 

276

 

Total

 

2

 

$

441

 

 

$

486

 

 

 

 

 

 

 

 

 

 

 

 

Year ended June 30, 2016:

 

 

 

 

 

 

 

 

 

 

Residential

 

3

 

$

1,697

 

 

$

1,697

 

Commercial

 

1

 

 

1,178

 

 

 

1,178

 

Commercial loans

 

1

 

 

64

 

 

 

64

 

Home equity lines of credit

 

1

 

 

200

 

 

 

200

 

Total

 

4

 

$

3,139

 

 

$

3,139

 

 
Summary of Risk Category of Loans by Class of Loans

Based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands):

 

 

June 30, 2018

 

 

 

Pass

 

 

Special

Mention

 

 

Substandard

 

 

Total

 

Originated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

194,341

 

 

$

571

 

 

$

678

 

 

$

195,590

 

Commercial

 

 

418,370

 

 

 

-

 

 

 

2,212

 

 

 

420,582

 

Construction

 

 

15,092

 

 

 

-

 

 

 

2,260

 

 

 

17,352

 

Commercial loans

 

 

98,205

 

 

 

167

 

 

 

4,895

 

 

 

103,267

 

Home equity lines of credit

 

 

32,167

 

 

 

144

 

 

 

45

 

 

 

32,356

 

Consumer and overdrafts

 

 

733

 

 

 

-

 

 

 

-

 

 

 

733

 

Total originated

 

 

758,908

 

 

 

882

 

 

 

10,090

 

 

 

769,880

 

Acquired:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

 

51,858

 

 

 

249

 

 

 

2,881

 

 

 

54,988

 

Commercial

 

 

71,832

 

 

 

842

 

 

 

2,009

 

 

 

74,683

 

Construction

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial loans

 

 

857

 

 

 

11

 

 

 

-

 

 

 

868

 

Home equity lines of credit

 

 

4,641

 

 

 

-

 

 

 

398

 

 

 

5,039

 

Consumer and overdrafts

 

 

12

 

 

 

-

 

 

 

-

 

 

 

12

 

Total acquired

 

 

129,200

 

 

 

1,102

 

 

 

5,288

 

 

 

135,590

 

Total

 

$

888,108

 

 

$

1,984

 

 

$

15,378

 

 

$

905,470

 

 

 

 

June 30, 2017

 

 

 

Pass

 

 

Special

Mention

 

 

Substandard

 

 

Total

 

Originated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

153,165

 

 

$

-

 

 

$

2,567

 

 

$

155,732

 

Commercial

 

 

352,203

 

 

 

134

 

 

 

2,910

 

 

 

355,247

 

Construction

 

 

18,743

 

 

 

-

 

 

 

3,661

 

 

 

22,404

 

Commercial loans

 

 

79,406

 

 

 

-

 

 

 

9,587

 

 

 

88,993

 

Home equity lines of credit

 

 

35,246

 

 

 

58

 

 

 

244

 

 

 

35,548

 

Consumer and overdrafts

 

 

211

 

 

 

-

 

 

 

 

 

 

 

211

 

Total originated

 

 

638,974

 

 

 

192

 

 

 

18,969

 

 

 

658,135

 

Acquired:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

 

58,665

 

 

 

-

 

 

 

3,381

 

 

 

62,046

 

Commercial

 

 

80,082

 

 

 

-

 

 

 

2,322

 

 

 

82,404

 

Construction

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Commercial loans

 

 

4,638

 

 

 

-

 

 

 

-

 

 

 

4,638

 

Home equity lines of credit

 

 

5,906

 

 

 

-

 

 

 

473

 

 

 

6,379

 

Consumer and overdrafts

 

 

22

 

 

 

-

 

 

 

-

 

 

 

22

 

Total acquired

 

 

149,313

 

 

 

-

 

 

 

6,176

 

 

 

155,489

 

Total

 

$

788,287

 

 

$

192

 

 

$

25,145

 

 

$

813,624

 

 
Schedule of Carrying Amount of Purchased Credit Impaired Loans

The carrying amount of those loans as of June 30, 2018 and 2017 is as follows (in thousands):

 

 

June 30,

 

 

June 30,

 

 

2018

 

 

2017

 

Residential

$

1,232

 

 

$

1,298

 

Commercial

 

1,477

 

 

 

1,824

 

Commercial loans

 

-

 

 

 

42

 

Home equity lines of credit

 

168

 

 

 

177

 

Carrying amount, net of allowance of $73 and $26, respectively

$

2,877

 

 

$

3,341

 

 
Summary of Accretable Yield, or Income Expected to be Collected for Acquired Loans

Accretable yield, or income expected to be collected, for acquired loans is as follows (in thousands):

 

 

Year ended June 30,

 

 

2018

 

 

2017

 

 

2016

 

Beginning balance

$

403

 

 

$

578

 

 

$

713

 

New loans acquired

 

-

 

 

 

-

 

 

 

-

 

Accretion income

 

(70

)

 

 

(190

)

 

 

(185

)

Reclassification from non-accretable difference

 

5

 

 

 

15

 

 

 

132

 

Disposals

 

(93

)

 

 

-

 

 

 

(82

)

Ending balance

$

245

 

 

$

403

 

 

$

578