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 for the three months ended September 30, 2021 and 2020:


September 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	$	709	$	133	$	487	$	843	$	159	$	854	$	362	$	51	$	15	$	3,613
Charge-offs		—		—		—		—		—		—		—		—		—		—
Recoveries		—		7		—		—		—		—		—		—		1		8
Provision (recovery)		(51)		(17)		(101)		33		(11)		114		6		(2)		(1)		(30)
Ending Balance	$	658	$	123	$	386	$	876	$	148	$	968	$	368	$	49	$	15	$	3,591


September 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		Total
Allowance for credit losses:
Beginning balance	$	682	$	166	$	526	$	801	$	123	$	727	$	396	$	83	$	15	$	3,519
Charge-offs		—		—		—		—		—		—		—		—		—		—
Recoveries		—		—		—		—		—		—		—		—		—		—
Provision (recovery)		49		(16)		(65)		58		(2)		53		40		(51)		—		66
Ending Balance	$	731	$	150	$	461	$	859	$	121	$	780	$	436	$	32	$	15	$	3,585

The following tables present the allowance for loan losses and recorded investment by loan portfolio classification as September 30, 2021 and June 30, 2021:


September 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 ending balance:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		658		123		386		876		148		968		368		49		15		3,591
Total allowance	$	658	$	123	$	386	$	876	$	148	$	968	$	368	$	49	$	15	$	3,591

Loans receivable ending balance:
Individually evaluated for impairment	$	1,743	$	499	$	—	$	554	$	503	$	853	$	—	$	—	$	—	$	4,152
Collectively evaluated for impairment		83,773		13,988		8,487		99,093		10,781		78,746		6,474		3,421		529		305,292
Acquired non-credit impaired loans ⁽¹⁾		77,167		20,036		2,247		20,973		83		25,160		—		1,094		2,146		148,906
Acquired credit impaired loans ⁽²⁾		139		23		—		—		—		—		—		—		—		162
Total portfolio	$	162,822	$	34,546	$	10,734	$	120,620	$	11,367	$	104,759	$	6,474	$	4,515	$	2,675	$	458,512

(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, 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 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		87,540		14,617		8,582		98,043		12,008		68,530		6,377		4,151		535		300,383
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	$	173,306	$	37,222	$	10,841	$	120,581	$	12,315	$	96,612	$	6,377	$	5,145	$	3,230	$	465,629

(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)	September 30, 2021		June 30, 2021
Outstanding principal balance	$	244	$	247
Carrying amount		162		161

Schedule of aging analysis of past due loans


	Aged Analysis of Past Due and Non-accrual Loans
	As of September 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	$	783	$	293	$	1,264	$	2,340	$	139	$	160,343	$	162,822	$	—	$	3,527
Home equity and HELOCs		112		8		150		270		23		34,253		34,546		—		410
Construction - residential		—		—		—		—		—		10,734		10,734		—		—
Commercial real estate:
1 - 4 family investor		252		—		400		652		—		119,968		120,620		—		476
Multi-family		331		—		172		503		—		10,864		11,367		—		503
Commercial non-residential		569		15		—		584		—		104,175		104,759		—		522
Construction and land		—		—		—		—		—		6,474		6,474		—		—
Commercial		—		—		—		—		—		4,515		4,515		—		—
Consumer		35		32		—		67		—		2,608		2,675		—		117
Total	$	2,082	$	348	$	1,986	$	4,416	$	162	$	453,934	$	458,512	$	—	$	5,555


	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	$	169,960	$	173,306	$	—	$	3,774
Home equity and HELOCs		58		150		80		288		23		36,911		37,222		—		345
Construction - residential		—		—		—		—		—		10,841		10,841		—		—
Commercial real estate:
1 - 4 family investor		81		—		271		352		—		120,229		120,581		—		352
Multi-family		—		344		176		520		—		11,795		12,315		—		176
Commercial non-residential		92		491		—		583		—		96,029		96,612		—		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	$	460,453	$	465,629	$	—	$	5,301