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, 2022 and 2021, respectively:


June 30, 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		(154)		—		—		(55)		—		—		—		—		(29)		(238)
Recoveries		—		8		—		42		—		—		—		—		4		54
Provision		(49)		(28)		(101)		(303)		(49)		597		(196)		49		60		(20)
Ending Balance	$	506	$	113	$	386	$	527	$	110	$	1,451	$	166	$	100	$	50	$	3,409

Allowance ending balance:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		506		113		386		527		110		1,451		166		100		50		3,409
Total allowance	$	506	$	113	$	386	$	527	$	110	$	1,451	$	166	$	100	$	50	$	3,409

Loans receivable ending balance:
Individually evaluated for impairment	$	3,336	$	275	$	—	$	173	$	291	$	1,213	$	—	$	—	$	—	$	5,288
Collectively evaluated for impairment		78,478		15,679		14,834		81,834		12,525		138,812		4,951		8,626		531		356,270
Acquired non-credit impaired loans ⁽¹⁾		65,114		16,552		—		14,843		253		18,702		—		783		1,708		117,955
Acquired credit impaired loans ⁽²⁾		133		23		—		—		—		—		—		—		—		156
Total portfolio	$	147,061	$	32,529	$	14,834	$	96,850	$	13,069	$	158,727	$	4,951	$	9,409	$	2,239	$	479,669

(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 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		87,540		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)	June 30, 2022		June 30, 2021
Outstanding principal balance	$	229	$	247
Carrying amount		156		161

Schedule of aging analysis of past due loans


	Aged Analysis of Past Due and Non-accrual Loans
	As of June 30, 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	$	1,528	$	622	$	2,392	$	4,542	$	133	$	142,386	$	147,061	$	—	$	4,781
Home equity and HELOCs		19		—		183		202		23		32,304		32,529		—		341
Construction - residential		—		—		—		—		—		14,834		14,834		—		—
Commercial real estate:
1 - 4 family investor		—		—		—		—		—		96,850		96,850		—		106
Multi-family		—		—		—		—		—		13,069		13,069		—		291
Commercial non-residential		275		494		418		1,187		—		157,540		158,727		—		875
Construction and land		—		—		—		—		—		4,951		4,951		—		—
Commercial		—		—		—		—		—		9,409		9,409		—		—
Consumer		27		—		—		27		—		2,212		2,239		—		117
Total	$	1,849	$	1,116	$	2,993	$	5,958	$	156	$	473,555	$	479,669	$	—	$	6,511


	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