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Note 4: Loans and Allowance for Loan Losses: Schedule of Balance in the Allowance for Loan Losses and Recorded Investment (Tables)
 9 Months Ended
Mar. 31, 2020
Tables/Schedules  
Schedule of Balance in the Allowance for Loan Losses and Recorded Investment

 

 

At period end and for the nine months ended March 31, 2020

 

 

Residential

 

 

Construction

 

 

Commercial

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

Real Estate

 

 

Real Estate

 

 

Real Estate

 

 

Consumer

 

 

Commercial

 

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Balance, beginning of period

$

3,706

 

$

1,365

 

$

9,399

 

$

1,046

 

$

4,387

 

$

19,903

 Provision charged to expense

 

1,195

 

 

246

 

 

2,140

 

 

156

 

 

397

 

 

4,134

 Losses charged off

 

(305)

 

 

-

 

 

(12)

 

 

(117)

 

 

(173)

 

 

(607)

 Recoveries

 

18

 

 

-

 

 

15

 

 

17

 

 

28

 

 

78

   Balance, end of period

$

4,614

 

$

1,611

 

$

11,542

 

$

1,102

 

$

4,639

 

$

23,508

   Ending Balance: individually

     evaluated for impairment

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

   Ending Balance: collectively

     evaluated for impairment

$

4,614

 

$

1,611

 

$

11,542

 

$

1,102

 

$

4,639

 

$

23,508

   Ending Balance: loans acquired

     with deteriorated credit quality

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Ending Balance: individually

   evaluated for impairment

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 Ending Balance: collectively

   evaluated for impairment

$

582,496

 

$

90,764

 

$

877,969

 

$

94,645

 

$

321,858

 

$

1,967,732

 Ending Balance: loans acquired

   with deteriorated credit quality

$

1,280

 

$

1,289

 

$

15,300

 

$

-

 

$

5,729

 

$

23,598

 

 

For the three months ended March 31, 2020

 

 

Residential

 

 

Construction

 

 

Commercial

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

Real Estate

 

 

Real Estate

 

 

Real Estate

 

 

Consumer

 

 

Commercial

 

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Balance, beginning of period

$

3,712

 

$

1,657

 

$

9,827

 

$

1,050

 

$

4,568

 

$

20,814

 Provision charged to expense

 

1,035

 

 

(46)

 

 

1,727

 

 

64

 

 

70

 

 

2,850

 Losses charged off

 

(133)

 

 

-

 

 

(12)

 

 

(19)

 

 

(26)

 

 

(190)

 Recoveries

 

-

 

 

-

 

 

-

 

 

7

 

 

27

 

 

34

 Balance, end of period

$

4,614

 

$

1,611

 

$

11,542

 

$

1,102

 

$

4,639

 

$

23,508

 

 

At period end and for the nine months ended March 31, 2019

 

 

Residential

 

 

Construction

 

 

Commercial

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

Real Estate

 

 

Real Estate

 

 

Real Estate

 

 

Consumer

 

 

Commercial

 

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Balance, beginning of period

$

3,226

 

$

1,097

 

$

8,793

 

$

902

 

$

4,196

 

$

18,214

 Provision charged to expense

 

612

 

 

153

 

 

710

 

 

110

 

 

(99)

 

 

1,486

 Losses charged off

 

(27)

 

 

-

 

 

(141)

 

 

(47)

 

 

(78)

 

 

(293)

 Recoveries

 

12

 

 

-

 

 

5

 

 

8

 

 

2

 

 

27

 Balance, end of period

$

3,823

 

$

1,250

 

$

9,367

 

$

973

 

$

4,021

 

$

19,434

 Ending Balance: individually

   evaluated for impairment

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 Ending Balance: collectively

   evaluated for impairment

$

3,823

 

$

1,250

 

$

9,367

 

$

973

 

$

4,021

 

$

19,434

 Ending Balance: loans acquired

   with deteriorated credit quality

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

 

For the three months ended March 31, 2019

 

 

Residential

 

 

Construction

 

 

Commercial

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

Real Estate

 

 

Real Estate

 

 

Real Estate

 

 

Consumer

 

 

Commercial

 

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Balance, beginning of period

$

3,633

 

$

1,191

 

$

8,995

 

$

967

 

$

4,237

 

$

19,023

 Provision charged to expense

 

196

 

 

59

 

 

392

 

 

30

 

 

(186)

 

 

491

 Losses charged off

 

(18)

 

 

-

 

 

(21)

 

 

(27)

 

 

(31)

 

 

(97)

 Recoveries

 

12

 

 

-

 

 

1

 

 

3

 

 

1

 

 

17

 Balance, end of period

$

3,823

 

$

1,250

 

$

9,367

 

$

973

 

$

4,021

 

$

19,434

 

 

At June 30, 2019

 

 

Residential

 

 

Construction

 

 

Commercial

 

 

 

 

 

 

 

 

 

(dollars in thousands)

 

Real Estate

 

 

Real Estate

 

 

Real Estate

 

 

Consumer

 

 

Commercial

 

 

Total

Allowance for loan losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Balance, end of period

$

3,706

 

$

1,365

 

$

9,399

 

$

1,046

 

$

4,387

 

$

19,903

 Ending Balance: individually

   evaluated for impairment

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 Ending Balance: collectively

   evaluated for impairment

$

3,706

 

$

1,365

 

$

9,399

 

$

1,046

 

$

4,387

 

$

19,903

 Ending Balance: loans acquired

   with deteriorated credit quality

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Ending Balance: individually

   evaluated for impairment

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 

$

-

 Ending Balance: collectively

   evaluated for impairment

$

490,307

 

$

78,826

 

$

821,415

 

$

97,534

 

$

349,681

 

$

1,837,763

 Ending Balance: loans acquired

   with deteriorated credit quality

$

1,685

 

$

1,308

 

$

19,362

 

$

-

 

$

6,193

 

$

28,548