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, 2023 and 2022, respectively:


June 30, 2023	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	$	506	$	113	$	386	$	527	$	110	$	1,451	$	166	$	100	$	50	$	3,409
Charge-offs		(79)		—		—		—		—		—		—		—		(32)		(111)
Recoveries		—		—		—		—		—		—		—		—		15		15
Provision		59		—		(172)		42		(21)		(31)		115		(18)		26		—
Ending Balance	$	486	$	113	$	214	$	569	$	89	$	1,420	$	281	$	82	$	59	$	3,313

Allowance ending balance:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		486		113		214		569		89		1,420		281		82		59		3,313
Total allowance	$	486	$	113	$	214	$	569	$	89	$	1,420	$	281	$	82	$	59	$	3,313

Loans receivable ending balance:
Individually evaluated for impairment	$	1,209	$	182	$	—	$	832	$	251	$	778	$	—	$	—	$	—	$	3,252
Collectively evaluated for impairment		78,237		19,689		9,113		84,891		14,781		142,098		15,584		14,976		643		380,012
Acquired non-credit impaired loans ⁽¹⁾		55,528		12,813		—		12,437		249		14,679		—		457		1,357		97,520
Acquired credit impaired loans ⁽²⁾		72		—		—		—		—		—		—		—		—		72
Total portfolio	$	135,046	$	32,684	$	9,113	$	98,160	$	15,281	$	157,555	$	15,584	$	15,433	$	2,000	$	480,856

(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, 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		14,778		81,834		12,471		138,812		4,942		8,626		531		356,151
Acquired non-credit impaired loans ⁽¹⁾		65,196		16,613		—		14,501		253		18,269		—		785		1,708		117,325
Acquired credit impaired loans ⁽²⁾		133		23		—		—		—		—		—		—		—		156
Total portfolio	$	147,143	$	32,590	$	14,778	$	96,508	$	13,015	$	158,294	$	4,942	$	9,411	$	2,239	$	478,920

(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.

Schedule of aging analysis of past due loans


	Aged Analysis of Past Due and Non-accrual Loans
	As of June 30, 2023
															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	$	290	$	457	$	567	$	1,314	$	72	$	133,660	$	135,046	$	—	$	2,090
Home equity and HELOCs		—		—		—		—		—		32,684		32,684		—		—
Construction - residential		—		—		—		—		—		9,113		9,113		—		—
Commercial real estate:
1 - 4 family investor		—		752		—		752		—		97,408		98,160		—		832
Multi-family		251		—		—		251		—		15,030		15,281		—		251
Commercial non-residential		—		322		778		1,100		—		156,455		157,555		—		778
Construction and land		—		—		—		—		—		15,584		15,584		—		—
Commercial		—		—		—		—		—		15,433		15,433		—		—
Consumer		—		13		—		13		—		1,987		2,000		—		82
Total	$	541	$	1,544	$	1,345	$	3,430	$	72	$	477,354	$	480,856	$	—	$	4,033


	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	$	142,468	$	147,143	$	—	$	4,781
Home equity and HELOCs		19		—		183		202		23		32,365		32,590		—		341
Construction - residential		—		—		—		—		—		14,778		14,778		—		—
Commercial real estate:
1 - 4 family investor		—		—		—		—		—		96,508		96,508		—		106
Multi-family		—		—		—		—		—		13,015		13,015		—		291
Commercial non-residential		275		494		418		1,187		—		157,107		158,294		—		875
Construction and land		—		—		—		—		—		4,942		4,942		—		—
Commercial		—		—		—		—		—		9,411		9,411		—		—
Consumer		27		—		—		27		—		2,212		2,239		—		117
Total	$	1,849	$	1,116	$	2,993	$	5,958	$	156	$	472,806	$	478,920	$	—	$	6,511