Note 6 - Commercial Loans

12 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Financing Receivables [Text Block]

Note 6 – Commercial Loans

:

The Company’s investment in commercial loans consists of the following:

	June 30,
	2016			2015
	(in thousands)
Commercial term loans	$	399,239		$	238,973
Commercial real estate loans		6,682			7,531
Revolving lines of credit		3,405			585
Total commercial loans		409,326			247,089
Less unearned income and discounts		(1,018	)		(580	)
Less allowance for loan losses		(4,572	)		(3,047	)
Net commercial loans	$	403,736		$	243,462

In addition to the amount outstanding on revolving lines of credit set forth above, the Company had additional unused commitments on revolving lines of credit in the amount of $524,000 at June 30, 2016 and $7.4 million at June 30, 2015.