Loans

Schedule for changes in the allowance for loan losses

The following table presents by portfolio segment, the changes in the allowance for loan losses and the recorded investment in loans for the years ended June 30, 2021 and 2020, respectively:


June 30, 2021	Residential real estate:						Commercial real estate:
			Home Equity		Construction-		1 - 4 family		Multi-family		Commercial		Construction
(Dollar amounts in thousands)	1 - 4 family		and HELOCs		residential		investor		(five or more)		non-residential		and Land		Commercial		Consumer		Total
Allowance for credit losses:
Beginning balance	$	682	$	166	$	526	$	801	$	123	$	727	$	396	$	83	$	15	$	3,519
Charge-offs		(17)		(30)		—		—		—		—		—		—		(30)		(77)
Recoveries		—		—		—		3		—		35		—		—		—		38
Provision		44		(3)		(39)		39		36		92		(34)		(32)		30		133
Ending Balance	$	709	$	133	$	487	$	843	$	159	$	854	$	362	$	51	$	15	$	3,613

Allowance ending balance:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		709		133		487		843		159		854		362		51		15		3,613
Total allowance	$	709	$	133	$	487	$	843	$	159	$	854	$	362	$	51	$	15	$	3,613

Loans receivable ending balance:
Individually evaluated for impairment	$	1,907	$	578	$	—	$	433	$	176	$	892	$	—	$	—	$	—	$	3,986
Collectively evaluated for impairment		87,633		14,617		10,686		98,189		12,008		68,630		6,377		4,151		535		302,826
Acquired non-credit impaired loans ⁽¹⁾		83,721		22,004		2,259		22,105		131		27,190		—		994		2,695		161,099
Acquired credit impaired loans ⁽²⁾		138		23		—		—		—		—		—		—		—		161
Total portfolio	$	173,399	$	37,222	$	12,945	$	120,727	$	12,315	$	96,712	$	6,377	$	5,145	$	3,230	$	468,072

(1)	Acquired non-credit impaired loans are evaluated collectively, excluding loans that have subsequently moved to non-accrual status which are individually evaluated for impairment.

(2)	Acquired credit impaired loans are evaluated on an individual basis.


June 30, 2020	Residential real estate:						Commercial real estate:
			Home Equity		Construction-		1 - 4 family		Multi-family		Commercial		Construction
(Dollar amounts in thousands)	1 - 4 family		and HELOCs		residential		investor		(five or more)		non-residential		and Land		Commercial		Consumer		Unallocated		Total
Allowance for credit losses:
Beginning balance	$	691	$	122	$	321	$	810	$	71	$	708	$	121	$	95	$	3	$	267	$	3,209
Charge-offs		—		(6)		—		(260)		—		(35)		—		(3)		(12)		—		(316)
Recoveries		—		—		—		—		—		—		—		—		—		—		—
Provision		(9)		50		205		251		52		54		275		(9)		24		(267)		626
Ending Balance	$	682	$	166	$	526	$	801	$	123	$	727	$	396	$	83	$	15	$	—	$	3,519

Allowance ending balance:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		682		166		526		801		123		727		396		83		15		—		3,519
Total allowance	$	682	$	166	$	526	$	801	$	123	$	727	$	396	$	83	$	15	$	—	$	3,519

Loans receivable ending balance:
Individually evaluated for impairment	$	478	$	628	$	—	$	495	$	185	$	585	$	—	$	—	$	—	$	—	$	2,371
Collectively evaluated for impairment		97,541		15,170		9,218		92,021		9,267		45,214		6,690		4,150		713		—		279,984
Acquired non-credit impaired loans ⁽¹⁾		132,637		30,699		6,581		22,979		5,512		30,908		—		2,288		3,187		—		234,791
Acquired credit impaired loans ⁽²⁾		299		22		—		—		—		—		—		—		—		—		321
Total portfolio	$	230,955	$	46,519	$	15,799	$	115,495	$	14,964	$	76,707	$	6,690	$	6,438	$	3,900	$	—	$	517,467

(1)	Acquired non-credit impaired loans are evaluated collectively, excluding loans that have subsequently moved to non-accrual status which are individually evaluated for impairment.

(2)	Acquired credit impaired loans are evaluated on an individual basis.

Summary of outstanding principal and related carrying amount of loans acquired with deteriorated credit quality


(Dollars in thousands)	June 30, 2021		June 30, 2020
Outstanding principal balance	$	247	$	773
Carrying amount		161		321

Schedule of aging analysis of past due loans


	Aged Analysis of Past Due and Non-accrual Loans
	As of June 30, 2021
															Recorded		Recorded
									Acquired						Investment		Investment
	30 - 59 Days		60 - 89 Days		90 Days		Total Past		Credit				Total Loans		>90 Days and		Loans on
(Dollar amounts in thousands)	Past Due		Past Due		Or Greater		Due		Impaired		Current		Receivable		Accruing		Non-Accrual
Residential real estate:
1 - 4 family	$	1,658	$	561	$	989	$	3,208	$	138	$	170,053	$	173,399	$	—	$	3,774
Home equity and HELOCs		58		150		80		288		23		36,911		37,222		—		345
Construction - residential		—		—		—		—		—		12,945		12,945		—		—
Commercial real estate:
1 - 4 family investor		81		—		271		352		—		120,375		120,727		—		352
Multi-family		—		344		176		520		—		11,795		12,315		—		176
Commercial non-residential		92		491		—		583		—		96,129		96,712		—		536
Construction and land		—		—		—		—		—		6,377		6,377		—		—
Commercial		—		—		—		—		—		5,145		5,145		—		—
Consumer		64		—		—		64		—		3,166		3,230		—		118
Total	$	1,953	$	1,546	$	1,516	$	5,015	$	161	$	462,896	$	468,072	$	—	$	5,301


	Aged Analysis of Past Due and Non-accrual Loans
	As of June 30, 2020
															Recorded		Recorded
									Acquired						Investment		Investment
	30 - 59 Days		60 - 89 Days		90 Days		Total Past		Credit				Total Loans		>90 Days and		Loans on
(Dollar amounts in thousands)	Past Due		Past Due		Or Greater		Due		Impaired		Current		Receivable		Accruing		Non-Accrual
Residential real estate:
1 - 4 family	$	235	$	1,020	$	1,185	$	2,440	$	299	$	228,216	$	230,955	$	—	$	2,061
Home equity and HELOCs		126		101		181		408		22		46,089		46,519		90		384
Construction - residential		—		—		—		—		—		15,799		15,799		—		—
Commercial real estate:
1 - 4 family investor		—		—		292		292		—		115,203		115,495		—		292
Multi-family		—		465		185		650		—		14,314		14,964		—		185
Commercial non-residential		100		507		—		607		—		76,100		76,707		—		135
Construction and land		—		—		—		—		—		6,690		6,690		—		—
Commercial		—		—		—		—		—		6,438		6,438		—		—
Consumer		3		21		—		24		—		3,876		3,900		—		115
Total	$	464	$	2,114	$	1,843	$	4,421	$	321	$	512,724	$	517,467	$	90	$	3,172