XML 107 R59.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 3: Loans and Allowance For Loan Losses: Loans and Leases Receivable, Troubled Debt Restructuring Policy (Policies)
12 Months Ended
Jun. 30, 2014
Policies  
Loans and Leases Receivable, Troubled Debt Restructuring Policy

At June 30, 2014, and June 30, 2013, the Company had $3.1 million and $2.9 million, respectively, of commercial real estate loans, $1.8 million and $1.7 million, respectively, of residential real estate loans, and $125,000 and $363,000, respectively, of commercial loans that were modified in TDRs and impaired.  All loans classified as TDRs at June 30, 2014, and June 30, 2013, were so classified due to interest rate concessions.  During the previous twelve months, two commercial real estate loans totaling $329,000,  five commercial loans totaling $179,000, and one residential real estate loan totaling $38,000 were modified as TDRs and had payment defaults subsequent to the modification.  When loans modified as TDRs have subsequent payment defaults, the defaults are factored into the determination of the allowance for loan losses to ensure specific valuation allowance reflect amounts considered uncollectible.