Loans (Tables)
|
12 Months Ended |
Jun. 30, 2022 |
Loan [Abstract] |
|
Schedule of loan portfolio |
(in thousands) | |
2022 | | |
2021 | |
Residential real estate | |
| | |
| |
One- to four-family | |
$ | 216,432 | | |
$ | 224,125 | |
Multi-family | |
| 14,252 | | |
| 19,781 | |
Construction | |
| 1,363 | | |
| 5,433 | |
Land | |
| 1,062 | | |
| 1,308 | |
Farm | |
| 1,338 | | |
| 2,234 | |
Nonresidential real estate | |
| 31,441 | | |
| 35,492 | |
Commercial and industrial | |
| 1,006 | | |
| 2,259 | |
Consumer and other | |
| | | |
| | |
Loans on deposits | |
| 891 | | |
| 1,129 | |
Home equity | |
| 7,670 | | |
| 7,135 | |
Automobile | |
| 117 | | |
| 75 | |
Unsecured | |
| 540 | | |
| 553 | |
| |
| 276,112 | | |
| 299,524 | |
Allowance for loan losses | |
| (1,529 | ) | |
| (1,622 | ) |
| |
$ | 274,583 | | |
$ | 297,902 | |
|
Schedule of allowance for loan losses and the investment in loans by portfolio |
(in thousands) | |
Loans
individually
evaluated | | |
Loans
acquired
with
deteriorated
credit
quality* | | |
Ending
loans
balance | | |
Ending
allowance
attributed to
loans | |
Loans individually evaluated for impairment: | |
| | |
| | |
| | |
| |
Residential real estate | |
| | |
| | |
| | |
| |
One- to four-family | |
$ | 3,221 | | |
$ | 400 | | |
$ | 3,621 | | |
$ | - | |
Multi-family | |
| 570 | | |
| - | | |
| 570 | | |
| - | |
Farm | |
| 270 | | |
| - | | |
| 270 | | |
| - | |
Nonresidential real estate | |
| 1,073 | | |
| - | | |
| 1,073 | | |
| - | |
Consumer and other | |
| | | |
| | | |
| | | |
| | |
Home equity | |
| 87 | | |
| - | | |
| 87 | | |
| - | |
Unsecured | |
| 5 | | |
| - | | |
| 5 | | |
| - | |
| |
| 5,226 | | |
| 400 | | |
| 5,626 | | |
| - | |
| |
| | | |
| | | |
| | | |
| | |
Loans collectivelly evaluated for impairment: | |
| | | |
| | | |
| | | |
| | |
Residential real estate | |
| | | |
| | | |
| | | |
| | |
One- to four-family | |
| | | |
| | | |
$ | 212,811 | | |
$ | 800 | |
Multi-family | |
| | | |
| | | |
| 13,682 | | |
| 231 | |
Construction | |
| | | |
| | | |
| 1,363 | | |
| 4 | |
Land | |
| | | |
| | | |
| 1,062 | | |
| 3 | |
Farm | |
| | | |
| | | |
| 1,068 | | |
| 5 | |
Nonresidential real estate | |
| | | |
| | | |
| 30,368 | | |
| 461 | |
Commercial and industrial | |
| | | |
| | | |
| 1,006 | | |
| 2 | |
Consumer and other | |
| | | |
| | | |
| | | |
| | |
Loans on deposits | |
| | | |
| | | |
| 891 | | |
| 1 | |
Home equity | |
| | | |
| | | |
| 7,583 | | |
| 21 | |
Automobile | |
| | | |
| | | |
| 117 | | |
| - | |
Unsecured | |
| | | |
| | | |
| 535 | | |
| 1 | |
| |
| | | |
| | | |
| 270,486 | | |
| 1,529 | |
| |
| | | |
| | | |
$ | 276,112 | | |
$ | 1,529 | |
* | These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition. |
(in thousands) | |
Loans
individually
evaluated | | |
Loans
acquired
with
deteriorated
credit
quality* | | |
Ending
loans
balance | | |
Ending
allowance
attributed to
loans | |
Loans individually evaluated for impairment: | |
| | |
| | |
| | |
| |
Residential real estate | |
| | |
| | |
| | |
| |
One- to four-family | |
$ | 3,738 | | |
$ | 595 | | |
$ | 4,333 | | |
$ | - | |
Multi-family | |
| 646 | | |
| - | | |
| 646 | | |
| - | |
Farm | |
| 274 | | |
| - | | |
| 274 | | |
| - | |
Nonresidential real estate | |
| 1,367 | | |
| - | | |
| 1,367 | | |
| - | |
Consumer and other | |
| | | |
| | | |
| - | | |
| - | |
Unsecured | |
| 16 | | |
| - | | |
| 16 | | |
| - | |
| |
| 6,041 | | |
| 595 | | |
| 6,636 | | |
| - | |
| |
| | | |
| | | |
| | | |
| | |
Loans collectivelly evaluated for impairment: | |
| | | |
| | | |
| | | |
| | |
Residential real estate | |
| | | |
| | | |
| | | |
| | |
One- to four-family | |
| | | |
| | | |
$ | 219,792 | | |
$ | 794 | |
Multi-family | |
| | | |
| | | |
| 19,135 | | |
| 291 | |
Construction | |
| | | |
| | | |
| 5,433 | | |
| 12 | |
Land | |
| | | |
| | | |
| 1,308 | | |
| 3 | |
Farm | |
| | | |
| | | |
| 1,960 | | |
| 5 | |
Nonresidential real estate | |
| | | |
| | | |
| 34,125 | | |
| 494 | |
Commercial and industrial | |
| | | |
| | | |
| 2,259 | | |
| 5 | |
Consumer and other | |
| | | |
| | | |
| | | |
| | |
Loans on deposits | |
| | | |
| | | |
| 1,129 | | |
| 2 | |
Home equity | |
| | | |
| | | |
| 7,135 | | |
| 15 | |
Automobile | |
| | | |
| | | |
| 75 | | |
| - | |
Unsecured | |
| | | |
| | | |
| 537 | | |
| 1 | |
| |
| | | |
| | | |
| 292,888 | | |
| 1,622 | |
| |
| | | |
| | | |
$ | 299,524 | | |
$ | 1,622 | |
* | These loans were evaluated at acquisition date at their estimated fair value and there has been no subsequent deterioration since acquisition. |
|
Scheduled of purchased loans |
(in thousands) | |
Unpaid
Principal
Balance and
Recorded
Investment | | |
Allowance
for Loan
Lossess
Allocated | | |
Average
Recorded
Investment | | |
Interest
Income
Recognized | | |
Cash Basis
Income
Recognized | |
| |
| | |
| | |
| | |
| | |
| |
June 30, 2022: | |
| | |
| | |
| | |
| | |
| |
| |
| | |
| | |
| | |
| | |
| |
With no related allowance recorded: | |
| | |
| | |
| | |
| | |
| |
Residential real estate | |
| | |
| | |
| | |
| | |
| |
One- to four-family | |
$ | 3,621 | | |
$ | - | | |
$ | 3,970 | | |
$ | 145 | | |
$ | 145 | |
Multi-family | |
| 570 | | |
| - | | |
| 608 | | |
| 19 | | |
| 19 | |
Farm | |
| 270 | | |
| - | | |
| 272 | | |
| 16 | | |
| 16 | |
Nonresidential real estate | |
| 1,073 | | |
| - | | |
| 1,220 | | |
| 59 | | |
| 59 | |
Consumer and other | |
| | | |
| | | |
| | | |
| | | |
| | |
Home equity | |
| 87 | | |
| - | | |
| 52 | | |
| 1 | | |
| 1 | |
Unsecured | |
| 5 | | |
| - | | |
| 11 | | |
| - | | |
| - | |
| |
$ | 5,626 | | |
$ | - | | |
$ | 6,133 | | |
$ | 240 | | |
$ | 240 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
June 30, 2021: | |
| | | |
| | | |
| | | |
| | | |
| | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
With no related allowance recorded: | |
| | | |
| | | |
| | | |
| | | |
| | |
Residential real estate | |
| | | |
| | | |
| | | |
| | | |
| | |
One- to four-family | |
$ | 4,333 | | |
$ | - | | |
$ | 4,534 | | |
$ | 107 | | |
$ | 107 | |
Multi-family | |
| 646 | | |
| - | | |
| 659 | | |
| 24 | | |
| 24 | |
Construction | |
| | | |
| | | |
| 32 | | |
| - | | |
| - | |
Farm | |
| 274 | | |
| - | | |
| 292 | | |
| 35 | | |
| 35 | |
Nonresidential real estate | |
| 1,367 | | |
| - | | |
| 1,014 | | |
| 60 | | |
| 60 | |
Consumer and other | |
| | | |
| | | |
| - | | |
| - | | |
| - | |
Unsecured | |
| 16 | | |
| - | | |
| 8 | | |
| 1 | | |
| 1 | |
| |
$ | 6,636 | | |
$ | - | | |
$ | 6,539 | | |
$ | 227 | | |
$ | 227 | |
|
Schedule of investment in nonaccrual and loans past due |
| |
June 30, 2022 | | |
June 30, 2021 | |
(in thousands) | |
Nonaccrual | | |
Loans
Past Due
Over 90
Days Still
Accruing | | |
Nonaccrual | | |
Loans
Past Due
Over 90
Days Still
Accruing | |
| |
| | |
| | |
| | |
| |
Residential real estate | |
| | |
| | |
| | |
| |
One- to four-family | |
$ | 3,528 | | |
$ | 287 | | |
$ | 4,104 | | |
$ | 243 | |
Multi-family | |
| 570 | | |
| - | | |
| 646 | | |
| - | |
Farm | |
| 270 | | |
| - | | |
| 274 | | |
| - | |
Nonresidential real estate | |
| 1,073 | | |
| - | | |
| 1,367 | | |
| - | |
Commercial and industrial | |
| - | | |
| 1 | | |
| - | | |
| - | |
Consumer and other | |
| | | |
| | | |
| | | |
| | |
Home equity | |
| 87 | | |
| - | | |
| - | | |
| - | |
Unsecured | |
| 3 | | |
| - | | |
| 21 | | |
| - | |
| |
$ | 5,531 | | |
$ | 288 | | |
$ | 6,412 | | |
$ | 243 | |
|
Schedule of principal balance outstanding in past due loans |
(in thousands) | |
30-89 Days
Past Due | | |
Greater than
90 Days
Past Due | | |
Total
Past Due | | |
Loans
Not Past Due | | |
Total | |
| |
| | |
| | |
| | |
| | |
| |
Residential real estate | |
| | |
| | |
| | |
| | |
| |
One- to four-family | |
$ | 2,662 | | |
$ | 1,326 | | |
$ | 3,988 | | |
$ | 212,444 | | |
$ | 216,432 | |
Multi-family | |
| - | | |
| - | | |
| - | | |
| 14,252 | | |
| 14,252 | |
Construction | |
| 5 | | |
| - | | |
| 5 | | |
| 1,358 | | |
| 1,363 | |
Land | |
| - | | |
| - | | |
| - | | |
| 1,062 | | |
| 1,062 | |
Farm | |
| - | | |
| - | | |
| - | | |
| 1,338 | | |
| 1,338 | |
Nonresidential real estate | |
| - | | |
| - | | |
| - | | |
| 31,441 | | |
| 31,441 | |
Commercial and industrial | |
| 72 | | |
| 1 | | |
| 73 | | |
| 933 | | |
| 1,006 | |
Consumer and other | |
| | | |
| | | |
| | | |
| | | |
| | |
Loans on deposits | |
| - | | |
| - | | |
| - | | |
| 891 | | |
| 891 | |
Home equity | |
| 188 | | |
| 71 | | |
| 259 | | |
| 7,411 | | |
| 7,670 | |
Automobile | |
| - | | |
| - | | |
| - | | |
| 117 | | |
| 117 | |
Unsecured | |
| - | | |
| - | | |
| - | | |
| 540 | | |
| 540 | |
| |
$ | 2,927 | | |
$ | 1,398 | | |
$ | 4,325 | | |
$ | 271,787 | | |
$ | 276,112 | |
(in thousands) | |
30-89 Days
Past Due | | |
Greater than
90 Days
Past Due | | |
Total
Past Due | | |
Loans
Not Past
Due | | |
Total | |
| |
| | |
| | |
| | |
| | |
| |
Residential real estate | |
| | |
| | |
| | |
| | |
| |
One- to four-family | |
$ | 2,392 | | |
$ | 1,338 | | |
$ | 3,730 | | |
$ | 220,395 | | |
$ | 224,125 | |
Multi-family | |
| - | | |
| - | | |
| - | | |
| 19,781 | | |
| 19,781 | |
Construction | |
| 80 | | |
| - | | |
| 80 | | |
| 5,353 | | |
| 5,433 | |
Land | |
| - | | |
| - | | |
| - | | |
| 1,308 | | |
| 1,308 | |
Farm | |
| 101 | | |
| - | | |
| 101 | | |
| 2,133 | | |
| 2,234 | |
Nonresidential real estate | |
| - | | |
| 241 | | |
| 241 | | |
| 35,251 | | |
| 35,492 | |
Commercial and industrial | |
| 6 | | |
| - | | |
| 6 | | |
| 2,253 | | |
| 2,259 | |
Consumer and other | |
| | | |
| | | |
| | | |
| | | |
| | |
Loans on deposits | |
| - | | |
| - | | |
| - | | |
| 1,129 | | |
| 1,129 | |
Home equity | |
| 116 | | |
| - | | |
| 116 | | |
| 7,019 | | |
| 7,135 | |
Automobile | |
| - | | |
| - | | |
| - | | |
| 75 | | |
| 75 | |
Unsecured | |
| 4 | | |
| - | | |
| 4 | | |
| 549 | | |
| 553 | |
| |
$ | 2,699 | | |
$ | 1,579 | | |
$ | 4,278 | | |
$ | 295,246 | | |
$ | 299,524 | |
|
Schedule of analysis performed, the risk category of loans by class of loans |
(in thousands) | |
Pass | | |
Special Mention | | |
Substandard | | |
Doubtful | |
| |
| | |
| | |
| | |
| |
Residential real estate | |
| | |
| | |
| | |
| |
One- to four-family | |
$ | 210,830 | | |
$ | 194 | | |
$ | 5,408 | | |
$ | - | |
Multi-family | |
| 13,682 | | |
| - | | |
| 570 | | |
| - | |
Construction | |
| 1,363 | | |
| - | | |
| - | | |
| - | |
Land | |
| 1,062 | | |
| - | | |
| - | | |
| - | |
Farm | |
| 1,068 | | |
| - | | |
| 270 | | |
| - | |
Nonresidential real estate | |
| 29,666 | | |
| 702 | | |
| 1,073 | | |
| - | |
Commercial and industrial | |
| 1,006 | | |
| - | | |
| - | | |
| - | |
Consumer and other | |
| | | |
| | | |
| | | |
| | |
Loans on deposits | |
| 891 | | |
| - | | |
| - | | |
| - | |
Home equity | |
| 7,548 | | |
| - | | |
| 122 | | |
| - | |
Automobile | |
| 117 | | |
| - | | |
| - | | |
| - | |
Unsecured | |
| 535 | | |
| - | | |
| 5 | | |
| - | |
| |
$ | 267,768 | | |
$ | 896 | | |
$ | 7,448 | | |
$ | - | |
(in thousands) | |
Pass | | |
Special Mention | | |
Substandard | | |
Doubtful | |
| |
| | |
| | |
| | |
| |
Residential real estate | |
| | |
| | |
| | |
| |
One- to four-family | |
$ | 217,485 | | |
$ | 596 | | |
$ | 6,044 | | |
$ | - | |
Multi-family | |
| 19,135 | | |
| - | | |
| 646 | | |
| - | |
Construction | |
| 5,433 | | |
| - | | |
| - | | |
| - | |
Land | |
| 1,308 | | |
| - | | |
| - | | |
| - | |
Farm | |
| 1,960 | | |
| - | | |
| 274 | | |
| - | |
Nonresidential real estate | |
| 32,748 | | |
| 924 | | |
| 1,820 | | |
| - | |
Commercial and industrial | |
| 2,259 | | |
| - | | |
| - | | |
| - | |
Consumer and other | |
| | | |
| | | |
| | | |
| | |
Loans on deposits | |
| 1,129 | | |
| - | | |
| - | | |
| - | |
Home equity | |
| 7,044 | | |
| 39 | | |
| 52 | | |
| - | |
Automobile | |
| 75 | | |
| - | | |
| - | | |
| - | |
Unsecured | |
| 546 | | |
| - | | |
| 7 | | |
| - | |
| |
$ | 289,122 | | |
$ | 1,559 | | |
$ | 8,843 | | |
$ | - | |
|
Schedule of allowance for loan losses by portfolio segment |
(in thousands) | |
Beginning balance | | |
Provision (credit) for loan losses | | |
Loans charged off | | |
Recoveries | | |
Ending balance | |
| |
| | |
| | |
| | |
| | |
| |
Residential real estate | |
| | |
| | |
| | |
| | |
| |
One- to four-family | |
$ | 794 | | |
$ | 37 | | |
$ | (31 | ) | |
$ | - | | |
$ | 800 | |
Multi-family | |
| 291 | | |
| (60 | ) | |
| - | | |
| - | | |
| 231 | |
Construction | |
| 12 | | |
| (8 | ) | |
| - | | |
| - | | |
| 4 | |
Land | |
| 3 | | |
| - | | |
| - | | |
| - | | |
| 3 | |
Farm | |
| 5 | | |
| - | | |
| - | | |
| - | | |
| 5 | |
Nonresidential real estate | |
| 494 | | |
| (33 | ) | |
| - | | |
| - | | |
| 461 | |
Commercial and industrial | |
| 5 | | |
| (3 | ) | |
| - | | |
| - | | |
| 2 | |
Consumer and other | |
| | | |
| | | |
| | | |
| | | |
| | |
Loans on deposits | |
| 2 | | |
| (1 | ) | |
| - | | |
| - | | |
| 1 | |
Home equity | |
| 15 | | |
| 6 | | |
| - | | |
| - | | |
| 21 | |
Automobile | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Unsecured | |
| 1 | | |
| 2 | | |
| (4 | ) | |
| 2 | | |
| 1 | |
| |
$ | 1,622 | | |
$ | (60 | ) | |
$ | (35 | ) | |
$ | 2 | | |
$ | 1,529 | |
(in thousands) | |
Beginning balance | | |
Provision (credit) for loan losses | | |
Loans charged off | | |
Recoveries | | |
Ending balance | |
| |
| | |
| | |
| | |
| | |
| |
Residential real estate | |
| | |
| | |
| | |
| | |
| |
One- to four-family | |
$ | 671 | | |
$ | 146 | | |
$ | (23 | ) | |
$ | - | | |
$ | 794 | |
Multi-family | |
| 184 | | |
| 107 | | |
| - | | |
| - | | |
| 291 | |
Construction | |
| 6 | | |
| 6 | | |
| - | | |
| - | | |
| 12 | |
Land | |
| 1 | | |
| 2 | | |
| - | | |
| - | | |
| 3 | |
Farm | |
| 4 | | |
| 1 | | |
| - | | |
| - | | |
| 5 | |
Nonresidential real estate | |
| 405 | | |
| 89 | | |
| - | | |
| - | | |
| 494 | |
Commercial and industrial | |
| 3 | | |
| 2 | | |
| - | | |
| - | | |
| 5 | |
Consumer and other | |
| | | |
| | | |
| | | |
| | | |
| | |
Loans on deposits | |
| 2 | | |
| - | | |
| - | | |
| - | | |
| 2 | |
Home equity | |
| 11 | | |
| 42 | | |
| (45 | ) | |
| 7 | | |
| 15 | |
Automobile | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
Unsecured | |
| 1 | | |
| (3 | ) | |
| - | | |
| 3 | | |
| 1 | |
Unallocated | |
| 200 | | |
| (200 | ) | |
| - | | |
| - | | |
| - | |
| |
$ | 1,488 | | |
$ | 192 | | |
$ | (68 | ) | |
$ | 10 | | |
$ | 1,622 | |
|
Scheduled of purchased loans |
(in thousands) | |
2022 | | |
2021 | |
Residential real estate | |
| | |
| |
One- to four-family | |
$ | 400 | | |
$ | 595 | |
|
Schedule of accretable yield, or income expected to be collected |
(in thousands) | |
2022 | | |
2021 | |
Balance at beginning of year | |
$ | 390 | | |
$ | 447 | |
Accretion of income | |
| (51 | ) | |
| (57 | ) |
Balance at end of year | |
$ | 339 | | |
$ | 390 | |
|