Loans And Allowance For Probable Loan Losses (Tables)

12 Months Ended

Jun. 30, 2013



	2013	2012
Loans measured at fair value:
Commercial real estate	$ 2,662	$ -
Multifamily	11,095	-
	13,757	-
Other loans receivable:
Residential construction	1,367	3,954
Lot and land development	8,988	18,431
1-4 family	233,947	383,167
Commercial real estate	213,452	326,997
Multifamily	88,738	20,110
Commercial loans	58,718	101,440
Consumer loans	1,959	1,943
	607,169	856,042
	620,926	856,042
Allowance for probable loan losses	(12,343)	(22,402)
	$ 608,583	$ 833,640

Analysis of Allowance for Probable Loan Losses and Recorded Investment in Loans Receivable


	June 30, 2013
	Residential Construction	Lot and Land Development	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total

Allowance for credit losses:
Balance at beginning of period	$ 350	$ 1,310	$ 3,235	$ 10,628	$ 2,866	$ 4,004	$ 9	$ 22,402
Charge-offs	-	(182)	(524)	(2,131)	-	(1,659)	-	(4,496)
Recoveries	194	215	97	230	1,000	409	10	2,155
Net charge-offs	194	33	(427)	(1,901)	1,000	(1,250)	10	(2,341)
Provision (recapture) charged
to operations	(495)	(969)	(1,280)	(5,437)	(299)	776	(14)	(7,718)
Balance at end of period	$ 49	$ 374	$ 1,528	$ 3,290	$ 3,567	$ 3,530	$ 5	$ 12,343
Ending balance: individually
evaluated for impairment	$ 23	$ 233	$ 178	$ 105	$ -	$ 2,090	$ -	$ 2,629
Ending balance: collectively
evaluated for impairment	$ 26	$ 141	$ 1,350	$ 3,185	$ 3,567	$ 1,440	$ 5	$ 9,714

Financing receivables:
Balance at end of period	$ 1,367	$ 8,988	$ 233,947	$ 213,452	$ 88,738	$ 58,718	$ 1,959	$ 607,169
Ending balance: individually
evaluated for impairment	$ 605	$ 2,428	$ 9,361	$ 12,271	$ -	$ 7,467	$ -	$ 32,132
Ending balance: collectively
evaluated for impairment	$ 762	$ 6,560	$ 224,586	$ 201,181	$ 88,738	$ 51,251	$ 1,959	$ 575,037



	June 30, 2012
	Residential Construction	Lot and Land Development	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total

Allowance for credit losses:
Balance at beginning of period	$ 531	$ 3,168	$ 6,107	$ 28,306	$ 871	$ 5,417	$ 33	$ 44,433
Charge-offs	(1,513)	(2,588)	(2,804)	(7,505)	(6,954)	(4,260)	(11)	(25,635)
Recoveries	158	209	179	383	-	199	1	1,129
Net charge-offs	(1,355)	(2,379)	(2,625)	(7,122)	(6,954)	(4,061)	(10)	(24,506)
Provision charged to
operations	1,174	521	(247)	(10,556)	8,949	2,648	(14)	2,475
Balance at end of period	$ 350	$ 1,310	$ 3,235	$ 10,628	$ 2,866	$ 4,004	$ 9	$ 22,402
Ending balance: individually
evaluated for impairment	$ -	$ 92	$ 120	$ 1,736	$ -	$ 495	$ 1	$ 2,444
Ending balance: collectively
evaluated for impairment	$ 350	$ 1,218	$ 3,115	$ 8,892	$ 2,866	$ 3,509	$ 8	$ 19,958

Financing receivables:
Balance at end of period	$ 3,954	$ 18,431	$ 383,167	$ 326,997	$ 20,110	$ 101,440	$ 1,943	$ 856,042
Ending balance: individually
evaluated for impairment	$ 648	$ 3,655	$ 19,760	$ 24,060	$ -	$ 2,921	$ 3	$ 51,047
Ending balance: collectively
evaluated for impairment	$ 3,306	$ 14,776	$ 363,407	$ 302,937	$ 20,110	$ 98,519	$ 1,940	$ 804,995



	June 30, 2011
	Residential Construction	Lot and Land Development	1-4 Family	Commercial Real Estate	Multifamily	Commercial	Consumer	Total

Allowance for credit losses:
Balance at beginning of period	$ -	$ 4,808	$ 3,542	$ 19,733	$ 812	$ 2,853	$ 31	$ 31,779
Charge-offs	(2,000)	(5,510)	(4,956)	(26,505)	(812)	(2,562)	(1)	(42,346)
Recoveries	238	194	133	35	-	70	1	671
Net charge-offs	(1,762)	(5,316)	(4,823)	(26,470)	(812)	(2,492)	-	(41,675)
Provision charged to
operations	2,293	3,676	7,388	35,043	871	5,056	2	54,329
Balance at end of period	$ 531	$ 3,168	$ 6,107	$ 28,306	$ 871	$ 5,417	$ 33	$ 44,433
Ending balance: individually
evaluated for impairment	$ 2	$ 23	$ 381	$ 2,322	$ -	$ 425	$ -	$ 3,153
Ending balance: collectively
evaluated for impairment	$ 529	$ 3,145	$ 5,726	$ 25,984	$ 871	$ 4,992	$ 33	$ 41,280

Financing receivables:
Balance at end of period	$ 33,296	$ 59,990	$ 217,038	$ 443,814	$ 60,813	$ 173,195	$ 3,055	$ 991,201
Ending balance: individually
evaluated for impairment	$ 5,029	$ 19,530	$ 5,774	$ 28,593	$ 14,493	$ 4,615	$ 21	$ 78,055
Ending balance: collectively
evaluated for impairment	$ 28,267	$ 40,460	$ 211,264	$ 415,221	$ 46,320	$ 168,580	$ 3,034	$ 913,146

Loans Receivable on Non-Accrual Status



	June 30, 2013	June 30, 2012
Residential construction	$ 601	$ 648
Lot and land development	2,418	2,965
1-4 family	7,792	18,443
Commercial real estate	7,611	12,175
Commercial loans	4,024	3,120
Consumer loans	-	3
	$ 22,446	$ 37,354

Recorded Investment and Unpaid Principal Balance for Impaired Loans by Type and Related Allowance, Average Recorded Investment and Interest Income Recognized


	Recorded Investment⁽¹⁾	Unpaid Principal Balance⁽¹⁾	Related Allowance	Average Recorded Investment⁽²⁾	Interest Income Recognized⁽³⁾
June 30, 2013
With no related allowance recorded:
Residential construction	$ 383	$ 471	$ -	$ 438	$ -
Lot and land development	102	324	-	807	-
1-4 family	5,818	7,712	-	7,674	17
Commercial real estate	9,006	12,239	-	7,785	167
Commercial loans	4,430	5,092	-	1,582	26
	19,739	25,838	-	18,286	210



	Recorded Investment⁽¹⁾	Unpaid Principal Balance⁽¹⁾	Related Allowance	Average Recorded Investment⁽²⁾	Interest Income Recognized⁽³⁾
June 30, 2013
With an allowance recorded:
Residential construction	$ 222	$ 283	$ 23	$ 191	$ -
Lot and land development	2,326	2,543	233	1,879	-
1-4 family	3,543	3,870	178	6,398	67
Commercial real estate	3,265	4,188	105	10,048	15
Commercial loans	3,037	3,032	2,090	2,288	129
	12,393	13,916	2,629	20,804	211



June 30, 2013
Total
Residential construction	$ 605	$ 754	$ 23	$ 629	$ -
Lot and land development	2,428	2,867	233	2,686	-
1-4 family	9,361	11,582	178	14,072	84
Commercial real estate	12,271	16,427	105	17,833	182
Commercial loans	7,467	8,124	2,090	3,870	155
	$ 32,132	$ 39,754	$ 2,629	$ 39,090	$ 421




June 30, 2012
With no related allowance recorded:
Residential construction	$ 648	$ 648	$ -	$ 2,525	$ -
Lot and land development	2,964	3,408	-	6,514	32
1-4 family	17,938	20,387	-	8,540	89
Commercial real estate	10,715	13,662	-	14,308	127
Multifamily	-	-	-	6,659	-
Commercial loans	1,738	2,361	-	4,157	5
Consumer loans	2	9	-	30	-
	34,005	40,475	-	42,733	253



	Recorded Investment⁽¹⁾	Unpaid Principal Balance⁽¹⁾	Related Allowance	Average Recorded Investment⁽²⁾	Interest Income Recognized⁽³⁾
June 30, 2012
With an allowance recorded:
Residential construction	$ -	$ -	$ -	$ 1,473	$ -
Lot and land development	691	700	92	1,084	33
1-4 family	1,822	1,843	120	1,866	7
Commercial real estate	13,345	13,345	1,736	24,174	490
Multifamily	-	-	-	4,831	-
Commercial loans	1,183	1,183	495	1,047	7
Consumer loans	1	1	1	-	-
	17,042	17,072	2,444	34,475	537




June 30, 2012
Total
Residential construction	$ 648	$ 648	$ -	$ 3,998	$ -
Lot and land development	3,655	4,108	92	7,598	65
1-4 family	19,760	22,230	120	10,406	96
Commercial real estate	24,060	27,007	1,736	38,482	617
Multifamily	-	-	-	11,490	-
Commercial loans	2,921	3,544	495	5,204	12
Consumer loans	3	10	1	30	-
	$ 51,047	$ 57,547	$ 2,444	$ 77,208	$ 790

^{____________________}

(1)	The difference between the unpaid principal balance and the recorded investment of impaired loans with no related allowance recorded is primarily comprised of partial charge-offs that were previously recognized.

(2)	Represents the average recorded investment for the fiscal years ended June 30, 2013 and 2012, respectively.

(3)	Represents interest income recognized on impaired loans for the fiscal years ended June 30, 2013 and 2012, respectively.

Summary of Overall Quality of the Bank's Financing Receivables, Excluding Loans Held For Sale



	Pass	Special Mention⁽¹⁾	Substandard⁽²⁾	Total

June 30, 2013
Loans measured at fair value:
Commercial real estate	$ 2,662			$ 2,662
Multifamily	11,095			11,095
	13,757	-	-	13,757
Other loans receivable:
Residential construction	766	-	601	1,367
Lot and land development	5,605	-	3,383	8,988
1-4 family	225,434	234	8,279	233,947
Commercial real estate	171,085	7,631	34,736	213,452
Multifamily	88,046	-	692	88,738
Commercial loans	47,680	1,324	9,714	58,718
Consumer loans	1,959	-	-	1,959
	540,575	9,189	57,405	607,169
	$ 554,332	$ 9,189	$ 57,405	$ 620,926



	Pass	Special Mention⁽¹⁾	Substandard⁽²⁾	Total
June 30, 2012
Residential construction	$ 3,306	$ -	$ 648	$ 3,954
Lot and land development	11,511	1,131	5,789	18,431
1-4 family	359,041	1,634	22,492	383,167
Commercial real estate	268,931	15,372	42,694	326,997
Multifamily	18,220	1,176	714	20,110
Commercial loans	93,626	1,729	6,085	101,440
Consumer loans	1,940	-	3	1,943
	$ 756,575	$ 21,042	$ 78,425	$ 856,042

^{____________________}

(1)	These loans are currently protected by the current sound worth and paying capacity of the obligor, but have a potential weakness that would create a higher credit risk.

(2)

These loans exhibit well-defined weaknesses that could jeopardize the ultimate collection of all or part of the debt. Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate for substandard assets, does not have to exist in individual assets classified as “Substandard.”

Age of Bank's Past due Financing Receivables



	30-59 Days Past Due	60-89 Days Past Due	90 Days and Greater Past Due	Total Past Due	Current	Total Financing Receivables	Recorded Investment > 90 Days and Accruing
June 30, 2013
Loans measured at fair value:
Commercial real estate	$ -	$ -	$ -	$ -	$ 2,662	$ 2,662	$ -
Multifamily	-	-	-	-	11,095	11,095	-
	-	-	-	-	13,757	13,757	-
Other loans receivable:
Residential construction	-	-	-	-	1,367	1,367	-
Lot and land development	173	370	80	623	8,365	8,988	-
1-4 family	914	234	2,816	3,964	229,983	233,947	-
Commercial real estate	1,396	1,153	4,826	7,375	206,077	213,452	-
Multifamily	692	-	-	692	88,046	88,738	-
Commercial loans	750	3,812	135	4,697	54,021	58,718	-
Consumer loans	-	-	-	-	1,959	1,959	-
	3,925	5,569	7,857	17,351	589,818	607,169	-
	$ 3,925	$ 5,569	$ 7,857	$ 17,351	$ 603,575	$ 620,926	$ -



	30-59 Days Past Due	60-89 Days Past Due	90 Days and Greater Past Due	Total Past Due	Current	Total Financing Receivables	Recorded Investment > 90 Days and Accruing
June 30, 2012
Residential construction	$ -	$ -	$ 648	$ 648	$ 3,306	$ 3,954	$ -
Lot and land development	121	218	2,183	2,522	15,909	18,431	-
1-4 family	918	1,991	3,205	6,114	377,053	383,167	-
Commercial real estate	5,016	1,517	3,916	10,449	316,548	326,997	-
Multifamily	-	-	-	-	20,110	20,110	-
Commercial loans	1,306	926	498	2,730	98,710	101,440	-
Consumer loans	2	-	1	3	1,940	1,943	-
	$ 7,363	$ 4,652	$ 10,451	$ 22,466	$ 833,576	$ 856,042	$ -

Recorded Investment in Loans Modified in TDRs



	June 30, 2013	June 30, 2012
Residential construction	$ 605	$ -
Lot and land development	4,927	1,902
1-4 family	7,690	14,364
Commercial real estate	4,574	1,450
Commercial	497	411
	$ 18,293	$ 18,127

Financial Effects of Loan Modifications Accounted for as TDRs



	June 30, 2013			June 30, 2012
	Number of Contracts	Pre-Modification Outstanding Recorded Investment	Post-Modification Outstanding Recorded Investment⁽¹⁾	Number of Contracts	Pre-Modification Outstanding Recorded Investment	Post-Modification Outstanding Recorded Investment⁽¹⁾
Residential construction	4	$ 648	$ 648	-	$ -	$ -
Lot and land development	8	4,331	4,331	3	867	845
1-4 family	11	1,927	1,906	22	15,442	14,741
Commercial real estate	5	3,232	3,227	3	1,802	1,750
Commercial	2	259	259	7	5,227	5,227
	30	$ 10,397	$ 10,371	35	$ 23,338	$ 22,563

____________

⁽¹⁾ Post-modification balances include direct charge-offs recorded at the time of modification.

The Type and the Post Modification Outstanding Recorded Investment of Loan modifications Made for TDRs



	Amount of TDR Loan Modifications
Type of Modification	June 30, 2013	June 30, 2012
Maturity date extension	$ 1,475	$ 2,098
Reduction of the stated interest rate	60	-
Rescheduled future cash flows	983	4,420
Combination of maturity date extension
and rescheduling of future cash flows	4,942	5,147
Combination of maturity date extension
and reduction of the stated interest rate	706	2,775
Combination of maturity date extension,
reduction of the stated interest rate,
and rescheduling of future cash flows	2,013	8,123
Combination of reduction of the stated interest rate
and rescheduling of future cash flows	192	-
	$ 10,371	$ 22,563

Loan Modifications Accounted for as TDRs Within the Previous 12 Months that Subsequently Defaulted



	June 30, 2013		June 30, 2012
	Number of Contracts	Recorded Investment	Number of Contracts	Recorded Investment
1-4 family	1	$ 1,799	1	$ 1,564
Commercial	2	839	1	46
	3	$ 2,638	2	$ 1,610

Summary Of Unamortized Cost, Gross Unrealized Gains And Losses And The Fair Value Of Loans Measured At Fair Value



		Gross
	Amortized	Unrealized	Fair
	Cost	Losses (*)	Value
Commercial real estate	$ 2,787	$ (125)	$ 2,662
Multifamily	11,115	(20)	11,095
	$ 13,902	$ (145)	$ 13,757

____________

(*) Unrealized losses are recorded in other revenues on the Consolidated Statements of Comprehensive Loss.