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 March 31, 2022 and 2021:


March 31, 2022	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	$	605	$	109	$	326	$	742	$	116	$	1,320	$	265	$	31	$	50	$	3,564
Charge-offs		(73)		—		—		—		—		—		—		—		(23)		(96)
Recoveries		—		—		—		—		—		—		—		—		1		1
Provision (recovery)		50		19		23		(113)		6		58		(79)		24		22		10
Ending Balance	$	582	$	128	$	349	$	629	$	122	$	1,378	$	186	$	55	$	50	$	3,479


March 31, 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	$	766	$	130	$	463	$	835	$	161	$	851	$	334	$	32	$	15	$	3,587
Charge-offs		(3)		—		—		—		—		—		—		—		—		(3)
Recoveries		—		—		—		—		—		—		—		—		—		—
Provision (recovery)		(48)		7		41		1		11		(9)		15		(3)		—		15
Ending Balance	$	715	$	137	$	504	$	836	$	172	$	842	$	349	$	29	$	15	$	3,599

The following table presents by portfolio segment, the changes in the allowance for loan losses for the nine months ended March 31, 2022 and 2021:


March 31, 2022	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		(88)		—		—		(55)		—		—		—		—		(23)		(166)
Recoveries		—		8		—		42		—		—		—		—		2		52
Provision (recovery)		(39)		(13)		(138)		(201)		(37)		524		(176)		4		56		(20)
Ending Balance	$	582	$	128	$	349	$	629	$	122	$	1,378	$	186	$	55	$	50	$	3,479


March 31, 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		(3)		—		—		—		—		—		—		—		(30)		(33)
Recoveries		—		—		—		—		—		—		—		—		—		—
Provision (recovery)		36		(29)		(22)		35		49		115		(47)		(54)		30		113
Ending Balance	$	715	$	137	$	504	$	836	$	172	$	842	$	349	$	29	$	15	$	3,599

The following tables present the allowance for loan losses and recorded investment by loan portfolio classification as March 31, 2022 and June 30, 2021:


March 31, 2022	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		582		128		349		629		122		1,378		186		55		50		3,479
Total allowance	$	582	$	128	$	349	$	629	$	122	$	1,378	$	186	$	55	$	50	$	3,479

Loans receivable ending balance:
Individually evaluated for impairment	$	3,435	$	451	$	—	$	183	$	470	$	1,239	$	—	$	—	$	—	$	5,778
Collectively evaluated for impairment		79,242		16,344		10,387		85,253		11,947		115,767		4,979		4,431		528		328,878
Acquired non-credit impaired loans ⁽¹⁾		68,619		16,068		530		17,421		—		21,274		—		860		1,834		126,606
Acquired credit impaired loans ⁽²⁾		139		23		—		—		—		—		—		—		—		162
Total portfolio	$	151,435	$	32,886	$	10,917	$	102,857	$	12,417	$	138,280	$	4,979	$	5,291	$	2,362	$	461,424

(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)	March 31, 2022		June 30, 2021
Outstanding principal balance	$	236	$	247
Carrying amount		162		161

Schedule of aging analysis of past due loans


	Aged Analysis of Past Due and Non-accrual Loans
	As of March 31, 2022
															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	$	1,098	$	197	$	2,601	$	3,896	$	139	$	147,400	$	151,435	$	—	$	4,622
Home equity and HELOCs		95		16		205		316		23		32,547		32,886		—		316
Construction - residential		—		—		—		—		—		10,917		10,917		—		—
Commercial real estate:
1 - 4 family investor		—		—		—		—		—		102,857		102,857		—		111
Multi-family		—		—		165		165		—		12,252		12,417		—		470
Commercial non-residential		1,145		—		—		1,145		—		137,135		138,280		—		894
Construction and land		—		—		—		—		—		4,979		4,979		—		—
Commercial		—		—		—		—		—		5,291		5,291		—		—
Consumer		—		32		6		38		—		2,324		2,362		—		123
Total	$	2,338	$	245	$	2,977	$	5,560	$	162	$	455,702	$	461,424	$	—	$	6,536


	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