Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Mar. 31, 2021

Schedule of Accounts, Notes, Loans and Financing Receivable

(dollars in thousands)	March 31, 2021		June 30, 2020
Real Estate Loans:
Residential	$	655,800	$	627,357
Construction		202,945		185,924
Commercial		897,450		887,419
Consumer loans		76,347		80,767
Commercial loans		421,825		468,448
		2,254,367		2,249,915
Loans in process		(80,203)		(78,452)
Deferred loan fees, net		(4,052)		(4,395)
Allowance for credit losses		(35,227)		(25,139)
Total loans	$	2,134,885	$	2,141,929

Schedule of Balance in the Allowance for Loan Losses and Recorded Investment

	At period end and for the nine months ended March 31, 2021
	Residential		Construction		Commercial
(dollars in thousands)	Real Estate		Real Estate		Real Estate		Consumer		Commercial		Total
Allowance for credit losses:
Balance, beginning of period prior to adoption of CECL	$	4,875	$	2,010	$	12,132	$	1,182	$	4,940	$	25,139
Impact of CECL adoption		3,521		(121)		3,856		1,065		1,012		9,333
Provision charged to expense		1,536		129		1,319		(929)		(670)		1,385
Losses charged off		(178)		—		(90)		(130)		(276)		(674)
Recoveries		1		—		1		16		26		44
Balance, end of period	$	9,755	$	2,018	$	17,218	$	1,204	$	5,032	$	35,227

	For the three months ended March 31, 2021
	Residential		Construction		Commercial
(dollars in thousands)	Real Estate		Real Estate		Real Estate		Consumer		Commercial		Total
Allowance for loan losses:
Balance, beginning of period	$	10,398	$	2,387	$	15,239	$	1,362	$	6,085	$	35,471
Provision charged to expense		(576)		(369)		2,070		(107)		(1,018)		—
Losses charged off		(68)		—		(91)		(57)		(42)		(258)
Recoveries		1		—		—		6		7		14
Balance, end of period	$	9,755	$	2,018	$	17,218	$	1,204	$	5,032	$	35,227

	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	$	—	$	—	$	—	$	—	$	—	$	—

	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 June 30, 2020
	Residential			Construction		Commercial
(dollars in thousands)	Real Estate		Real Estate		Real Estate		Consumer		Commercial		Total
Allowance for loan losses:
Balance, end of period	$	4,875	$	2,010	$	12,132	$	1,182	$	4,940	$	25,139
Ending Balance: individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Ending Balance: collectively evaluated for impairment	$	4,875	$	2,010	$	12,132	$	1,182	$	4,940	$	25,139
Ending Balance: loans acquired with deteriorated credit quality	$	—	$	—	$	—	$	—	$	—	$	—
Loans:
Ending Balance: individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—
Ending Balance: collectively evaluated for impairment	$	626,085	$	106,194	$	872,716	$	80,767	$	463,902	$	2,149,664
Ending Balance: loans acquired with deteriorated credit quality	$	1,272	$	1,278	$	14,703	$	—	$	4,546	$	21,799

Schedule Of Financing Receivable Credit Quality Indicators

													Revolving
	2021		2020		2019		2018		2017		Prior		loans		Total
Residential Real Estate
Pass	$	247,325	$	198,404	$	39,207	$	36,547	$	27,142	$	84,507	$	5,385	$	638,517
Watch		125		71		10,994		—		93		817		—		12,100
Special Mention		—		—		—		—		—		—		—		—
Substandard		4,652		48		17		52		—		414		—		5,183
Doubtful		—		—		—		—		—		—		—		—
Total Residential Real Estate	$	252,102	$	198,523	$	50,218	$	36,599	$	27,235	$	85,738	$	5,385	$	655,800
Construction Real Estate
Pass	$	73,397	$	42,331	$	6,998	$	—	$	—	$	—	$	—	$	122,726
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		16		—		—		—		—		—		—		16
Doubtful		—		—		—		—		—		—		—		—
Total Construction Real Estate	$	73,413	$	42,331	$	6,998	$	—	$	—	$	—	$	—	$	122,742
Commercial Real Estate
Pass	$	264,035	$	174,218	$	109,116	$	105,165	$	76,865	$	84,000	$	25,836	$	839,235
Watch		4,271		813		10,740		5,393		530		460		819		23,026
Special Mention		—		8,806		—		1,793		12,826		—		300		23,725
Substandard		8,713		1,162		506		6		50		101		69		10,607
Doubtful		—		—		857		—		—		—		—		857
Total Commercial Real Estate	$	277,019	$	184,999	$	121,219	$	112,357	$	90,271	$	84,561	$	27,024	$	897,450
Consumer
Pass	$	17,990	$	10,989	$	4,580	$	1,584	$	797	$	689	$	39,459	$	76,088
Watch		83		—		—		—		—		—		48		131
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		26		—		36		32		—		34		128
Doubtful		—		—		—		—		—		—		—		—
Total Consumer	$	18,073	$	11,015	$	4,580	$	1,620	$	829	$	689	$	39,541	$	76,347
Commercial
Pass	$	152,172	$	94,604	$	21,289	$	8,517	$	7,831	$	9,686	$	118,221	$	412,320
Watch		1,284		274		1,791		139		—		7		1,991		5,486
Special Mention		—		—		—		—		—		—		—		—
Substandard		449		1,109		321		1		176		4		1,959		4,019
Doubtful		—		—		—		—		—		—		—		—
Total Commercial	$	153,905	$	95,987	$	23,401	$	8,657	$	8,007	$	9,697	$	122,171	$	421,825
Total Loans
Pass	$	754,919	$	520,546	$	181,190	$	151,813	$	112,635	$	178,882	$	188,901	$	2,088,886
Watch		5,763		1,158		23,525		5,532		623		1,284		2,858		40,743
Special Mention		—		8,806		—		1,793		12,826		—		300		23,725
Substandard		13,830		2,345		844		95		258		519		2,062		19,953
Doubtful		—		—		857		—		—		—		—		857
Total	$	774,512	$	532,855	$	206,416	$	159,233	$	126,342	$	180,685	$	194,121	$	2,174,164

Schedule Of Loan Portfolio Aging Analysis

	March 31, 2021
					Greater Than								Greater Than 90
	30-59 Days		60-89 Days		90 Days		Total				Total Loans		Days Past Due
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Receivable		and Accruing
Real Estate Loans:
Residential	$	1,270	$	—	$	305	$	1,575	$	654,225	$	655,800	$	—
Construction		—		—		—		—		122,742		122,742		—
Commercial		1,329		12		399		1,740		895,710		897,450		—
Consumer loans		322		52		95		469		75,878		76,347		—
Commercial loans		333		39		148		520		421,305		421,825		—
Total loans	$	3,254	$	103	$	947	$	4,304	$	2,169,860	$	2,174,164	$	—

	June 30, 2020
					Greater Than								Greater Than 90
	30-59 Days		60-89 Days		90 Days		Total				Total Loans		Days Past Due
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Receivable		and Accruing
Real Estate Loans:
Residential	$	772	$	378	$	654	$	1,804	$	625,553	$	627,357	$	—
Construction		—		—		—		—		107,472		107,472		—
Commercial		641		327		1,073		2,041		885,378		887,419		—
Consumer loans		180		53		193		426		80,341		80,767		—
Commercial loans		93		1,219		810		2,122		466,326		468,448		—
Total loans	$	1,686	$	1,977	$	2,730	$	6,393	$	2,165,070	$	2,171,463	$	—

Schedule of company's collateral dependent loans and related ACL

	Amortized cost basis of
	loans determined to be		Related allowance
	collateral dependent		for credit losses
(dollars in thousands)
Residential real estate loans
1- to 4-family residential loans	$	904	$	232
Total loans	$	904	$	232

Schedule Of Impaired Loans

	June 30, 2020
	Recorded		Unpaid Principal		Specific
(dollars in thousands)	Balance		Balance		Allowance
Loans without a specific valuation allowance:
Residential real estate	$	3,811	$	4,047	$	—
Construction real estate		1,277		1,312		—
Commercial real estate		19,271		23,676		—
Consumer loans		—		—		—
Commercial loans		5,040		6,065		—
Loans with a specific valuation allowance:
Residential real estate	$	—	$	—	$	—
Construction real estate		—		—		—
Commercial real estate		—		—		—
Consumer loans		—		—		—
Commercial loans		—		—		—
Total:
Residential real estate	$	3,811	$	4,047	$	—
Construction real estate	$	1,277	$	1,312	$	—
Commercial real estate	$	19,271	$	23,676	$	—
Consumer loans	$	—	$	—	$	—
Commercial loans	$	5,040	$	6,065	$	—

Schedule Of Interest Income Recognized On Impaired Loans

	For the three-month period ended
	March 31, 2020
	Average
	Investment in		Interest Income
(dollars in thousands)	Impaired Loans		Recognized
Residential Real Estate	$	1,288	$	22
Construction Real Estate		1,292		30
Commercial Real Estate		15,366		309
Consumer Loans		—		—
Commercial Loans		5,909		115
Total Loans	$	23,855	$	476

	For the nine-month period ended
	March 31, 2020
	Average
	Investment in		Interest Income
(dollars in thousands)	Impaired Loans		Recognized
Residential Real Estate	$	1,482	$	67
Construction Real Estate		1,299		114
Commercial Real Estate		16,544		984
Consumer Loans		—		—
Commercial Loans		5,860		329
Total Loans	$	25,185	$	1,494

Schedule of Financing Receivables, Non Accrual Status

(dollars in thousands)	March 31, 2021		June 30, 2020
Residential real estate	$	3,463	$	4,010
Construction real estate		—		—
Commercial real estate		2,496		3,106
Consumer loans		181		196
Commercial loans		616		1,345
Total loans	$	6,756	$	8,657

Schedule of Debtor Troubled Debt Restructuring, Current Period

	For the three-month periods ended
	March 31, 2021			March 31, 2020
	Number of	Recorded		Number of	Recorded
(dollars in thousands)	modifications	Investment		modifications	Investment
Residential real estate	—	$	—	—	$	—
Construction real estate	—		—	—		—
Commercial real estate	—		—	—		—
Consumer loans	—		—	—		—
Commercial loans	—		—	—		—
Total	—	$	—	—	$	—

	For the nine-month periods ended
	March 31, 2021			March 31, 2020
	Number of	Recorded		Number of	Recorded
(dollars in thousands)	modifications	Investment		modifications	Investment
Residential real estate	1	$	93	—	$	—
Construction real estate	—		—	—		—
Commercial real estate	2		1,692	—		—
Consumer loans	—		—	—		—
Commercial loans	1		29	—		—
Total	4	$	1,814	—	$	—

Schedule Of Performing Loans Classified As Troubled Debt Restructuring Loans

	March 31, 2021			June 30, 2020
	Number of	Recorded		Number of	Recorded
(dollars in thousands)	modifications	Investment		modifications	Investment
Residential real estate	3	$	1,014	3	$	791
Construction real estate	—		—	—		—
Commercial real estate	7		3,401	10		4,544
Consumer loans	—		—	—		—
Commercial loans	8		2,678	7		3,245
Total	18	$	7,093	20	$	8,580

Purchase Credit Impaired

Schedule of Credit Risk Profile of the Company's Loan Portfolio

	June 30, 2020
	Residential		Construction		Commercial
(dollars in thousands)	Real Estate		Real Estate		Real Estate		Consumer		Commercial
Pass	$	620,004	$	103,105	$	829,276	$	80,517	$	457,385
Watch		1,900		4,367		45,262		45		4,708
Special Mention		—		—		403		25		—
Substandard		5,453		—		11,590		180		6,355
Doubtful		—		—		888		—		—
Total	$	627,357	$	107,472	$	887,419	$	80,767	$	468,448