XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Loans | 9 Months Ended
--- | ---
Mar. 31, 2016
Receivables [Abstract] |
Loans | Loans Loans consist of the following at the dates indicated:
| March 31, 2016 |  | June 30, 2015
Retail consumer loans: |  |  |
One-to-four family | $ | 640,126 |  |  | $ | 650,750 |
HELOCs - originated | 164,551 |  |  | 161,204 |
HELOCs - purchased | 158,006 |  |  | 72,010 |
Construction and land/lots | 35,088 |  |  | 45,931 |
Indirect auto finance | 95,660 |  |  | 52,494 |
Consumer | 4,195 |  |  | 3,708 |
Total retail consumer loans | 1,097,626 |  |  | 986,097 |
Commercial loans: |  |  |  |  |
Commercial real estate | 459,179 |  |  | 441,620 |
Construction and development | 77,410 |  |  | 64,573 |
Commercial and industrial | 77,052 |  |  | 84,820 |
Municipal leases | 103,428 |  |  | 108,574 |
Total commercial loans | 717,069 |  |  | 699,587 |
Total loans | 1,814,695 |  |  | 1,685,684 |
Deferred loan costs, net | 322 |  |  | 23 |
Total loans, net of deferred loan fees and discount | 1,815,017 |  |  | 1,685,707 |
Allowance for loan and lease losses | (21,761 | ) |  | (22,374 | )
Loans, net | $ | 1,793,256 |  |  | $ | 1,663,333 |
All the qualifying one-to-four family first mortgage loans, HELOCs - originated, and FHLB Stock are pledged as collateral by a blanket pledge to secure any outstanding FHLB advances. The Company's total non-purchased and purchased performing loans by segment, class, and risk grade at the dates indicated follow:
| Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Loss |  | Total
March 31, 2016 |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 602,666 |  |  | $ | 8,141 |  |  | $ | 21,365 |  |  | $ | 686 |  |  | $ | 7 |  |  | $ | 632,865 |
HELOCs - originated | 160,026 |  |  | 615 |  |  | 3,562 |  |  | 55 |  |  | 7 |  |  | 164,265 |
HELOCs - purchased | 158,006 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 158,006 |
Construction and land/lots | 33,114 |  |  | 434 |  |  | 943 |  |  | 9 |  |  | — |  |  | 34,500 |
Indirect auto finance | 95,515 |  |  | 14 |  |  | 119 |  |  | 12 |  |  | — |  |  | 95,660 |
Consumer | 3,958 |  |  | 2 |  |  | 215 |  |  | 2 |  |  | 8 |  |  | 4,185 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 417,579 |  |  | 6,803 |  |  | 11,083 |  |  | — |  |  | — |  |  | 435,465 |
Construction and development | 67,745 |  |  | 548 |  |  | 5,130 |  |  | — |  |  | — |  |  | 73,423 |
Commercial and industrial | 65,269 |  |  | 1,304 |  |  | 5,803 |  |  | — |  |  | 3 |  |  | 72,379 |
Municipal leases | 101,097 |  |  | 1,663 |  |  | 668 |  |  | — |  |  | — |  |  | 103,428 |
Total loans | $ | 1,704,975 |  |  | $ | 19,524 |  |  | $ | 48,888 |  |  | $ | 764 |  |  | $ | 25 |  |  | $ | 1,774,176 |
| Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Loss |  | Total
June 30, 2015 |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 598,417 |  |  | $ | 11,563 |  |  | $ | 28,656 |  |  | $ | 1,772 |  |  | $ | 12 |  |  | $ | 640,420 |
HELOCs - originated | 155,899 |  |  | 580 |  |  | 4,020 |  |  | 407 |  |  | 3 |  |  | 160,909 |
HELOCs - purchased | 72,010 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 72,010 |
Construction and land/lots | 42,689 |  |  | 650 |  |  | 1,754 |  |  | 124 |  |  | — |  |  | 45,217 |
Indirect auto finance | 52,396 |  |  | 59 |  |  | 39 |  |  | — |  |  | — |  |  | 52,494 |
Consumer | 3,610 |  |  | 16 |  |  | 32 |  |  | — |  |  | 39 |  |  | 3,697 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 384,525 |  |  | 12,762 |  |  | 13,972 |  |  | 182 |  |  | — |  |  | 411,441 |
Construction and development | 50,815 |  |  | 3,567 |  |  | 5,413 |  |  | — |  |  | — |  |  | 59,795 |
Commercial and industrial | 73,774 |  |  | 953 |  |  | 4,781 |  |  | — |  |  | 2 |  |  | 79,510 |
Municipal leases | 106,260 |  |  | 1,733 |  |  | 581 |  |  | — |  |  | — |  |  | 108,574 |
Total loans | $ | 1,540,395 |  |  | $ | 31,883 |  |  | $ | 59,248 |  |  | $ | 2,485 |  |  | $ | 56 |  |  | $ | 1,634,067 |
The Company's total PCI loans by segment, class, and risk grade at the dates indicated follow:
| Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Loss |  | Total
March 31, 2016 |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 5,234 |  |  | $ | 433 |  |  | $ | 1,580 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 7,261 |
HELOCs - originated | 259 |  |  | — |  |  | 27 |  |  | — |  |  | — |  |  | 286 |
Construction and land/lots | 530 |  |  | — |  |  | 58 |  |  | — |  |  | — |  |  | 588 |
Consumer | 8 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 10 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 16,012 |  |  | 4,384 |  |  | 3,318 |  |  | — |  |  | — |  |  | 23,714 |
Construction and development | 1,617 |  |  | 339 |  |  | 2,031 |  |  | — |  |  | — |  |  | 3,987 |
Commercial and industrial | 3,778 |  |  | 206 |  |  | 689 |  |  | — |  |  | — |  |  | 4,673 |
Total loans | $ | 27,438 |  |  | $ | 5,362 |  |  | $ | 7,703 |  |  | $ | 14 |  |  | $ | 2 |  |  | $ | 40,519 |
| Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Loss |  | Total
June 30, 2015 |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 5,176 |  |  | $ | 1,210 |  |  | $ | 3,890 |  |  | $ | 54 |  |  | $ | — |  |  | $ | 10,330 |
HELOCs - originated | 259 |  |  | — |  |  | 36 |  |  | — |  |  | — |  |  | 295 |
Construction and land/lots | 571 |  |  | — |  |  | 143 |  |  | — |  |  | — |  |  | 714 |
Consumer | 11 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 21,550 |  |  | 3,454 |  |  | 5,175 |  |  | — |  |  | — |  |  | 30,179 |
Construction and development | 2,292 |  |  | 146 |  |  | 2,340 |  |  | — |  |  | — |  |  | 4,778 |
Commercial and industrial | 4,349 |  |  | 279 |  |  | 682 |  |  | — |  |  | — |  |  | 5,310 |
Total loans | $ | 34,208 |  |  | $ | 5,089 |  |  | $ | 12,266 |  |  | $ | 54 |  |  | $ | — |  |  | $ | 51,617 |
The Company's total loans by segment, class, and delinquency status at the dates indicated follows:
| Past Due |  |  |  | Total
| 30-89 Days |  | 90 Days+ |  | Total |  | Current |  | Loans
March 31, 2016 |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |
One-to-four family | $ | 3,860 |  |  | $ | 5,540 |  |  | $ | 9,400 |  |  | $ | 630,726 |  |  | $ | 640,126 |
HELOCs - originated | 544 |  |  | 348 |  |  | 892 |  |  | 163,659 |  |  | 164,551 |
HELOCs - purchased | — |  |  | — |  |  | — |  |  | 158,006 |  |  | 158,006 |
Construction and land/lots | 198 |  |  | 226 |  |  | 424 |  |  | 34,664 |  |  | 35,088 |
Indirect auto finance | 37 |  |  | — |  |  | 37 |  |  | 95,623 |  |  | 95,660 |
Consumer | 5 |  |  | 8 |  |  | 13 |  |  | 4,182 |  |  | 4,195 |
Commercial loans: |  |  |  |  |  |  |  |  |
Commercial real estate | 1,352 |  |  | 5,713 |  |  | 7,065 |  |  | 452,114 |  |  | 459,179 |
Construction and development | — |  |  | 3,465 |  |  | 3,465 |  |  | 73,945 |  |  | 77,410 |
Commercial and industrial | 880 |  |  | 3,207 |  |  | 4,087 |  |  | 72,965 |  |  | 77,052 |
Municipal leases | — |  |  | 116 |  |  | 116 |  |  | 103,312 |  |  | 103,428 |
Total loans | $ | 6,876 |  |  | $ | 18,623 |  |  | $ | 25,499 |  |  | $ | 1,789,196 |  |  | $ | 1,814,695 |
The table above includes PCI loans of $1,253 30-89 days past due and $7,736 90 days or more past due as of March 31, 2016.
| Past Due |  |  |  | Total
| 30-89 Days |  | 90 Days+ |  | Total |  | Current |  | Loans
June 30, 2015 |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |
One-to-four family | $ | 5,548 |  |  | $ | 8,261 |  |  | $ | 13,809 |  |  | $ | 636,941 |  |  | $ | 650,750 |
HELOCs - originated | 695 |  |  | 808 |  |  | 1,503 |  |  | 159,701 |  |  | 161,204 |
HELOCs - purchased | — |  |  | — |  |  | — |  |  | 72,010 |  |  | 72,010 |
Construction and land/lots | 102 |  |  | 307 |  |  | 409 |  |  | 45,522 |  |  | 45,931 |
Indirect auto finance | — |  |  | — |  |  | — |  |  | 52,494 |  |  | 52,494 |
Consumer | 23 |  |  | 2 |  |  | 25 |  |  | 3,683 |  |  | 3,708 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 2,758 |  |  | 4,636 |  |  | 7,394 |  |  | 434,226 |  |  | 441,620 |
Construction and development | 166 |  |  | 2,992 |  |  | 3,158 |  |  | 61,415 |  |  | 64,573 |
Commercial and industrial | 439 |  |  | 2,898 |  |  | 3,337 |  |  | 81,483 |  |  | 84,820 |
Municipal leases | 202 |  |  | — |  |  | 202 |  |  | 108,372 |  |  | 108,574 |
Total loans | $ | 9,933 |  |  | $ | 19,904 |  |  | $ | 29,837 |  |  | $ | 1,655,847 |  |  | $ | 1,685,684 |
The table above includes PCI loans of $513 30-89 days past due and $3,198 90 days or more past due as of June 30, 2015. The Company's recorded investment in loans, by segment and class, that are not accruing interest or are 90 days or more past due and still accruing interest at the dates indicated follow:
| March 31, 2016 |  | June 30, 2015
| Nonaccruing |  | 90 Days + & still accruing |  | Nonaccruing |  | 90 Days + & still accruing
Retail consumer loans: |  |  |  |  |  |  |
One-to-four family | $ | 9,006 |  |  | $ | — |  |  | $ | 10,523 |  |  | $ | — |
HELOCs - originated | 1,535 |  |  | — |  |  | 1,856 |  |  | — |
Construction and land/lots | 321 |  |  | — |  |  | 465 |  |  | — |
Indirect auto finance | — |  |  | — |  |  | — |  |  | — |
Consumer | 24 |  |  | — |  |  | 49 |  |  | — |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 4,703 |  |  | — |  |  | 5,103 |  |  | — |
Construction and development | 1,728 |  |  | — |  |  | 3,461 |  |  | — |
Commercial and industrial | 3,301 |  |  | — |  |  | 3,081 |  |  | — |
Municipal leases | 422 |  |  | — |  |  | 316 |  |  | — |
Total loans | $ | 21,040 |  |  | $ | — |  |  | $ | 24,854 |  |  | $ | — |
PCI loans totaling $7,127 at March 31, 2016 and $8,158 at June 30, 2015 are excluded from nonaccruing loans due to the accretion of discounts established in accordance with the acquisition method of accounting for business combinations. Troubled debt restructurings ("TDRs") are loans which have renegotiated loan terms to assist borrowers who are unable to meet the original terms of their loans. Such modifications to loan terms may include a lower interest rate, a reduction in principal, or a longer term to maturity. Additionally, all TDRs are considered impaired. The Company's loans that were performing under the payment terms of TDRs that were excluded from nonaccruing loans above at the dates indicated follow:
| March 31, 2016 |  | June 30, 2015
Performing TDRs included in impaired loans | $ | 27,039 |  |  | $ | 21,891 |
An analysis of the allowance for loan losses by segment for the periods shown is as follows:
| Three Months Ended March 31, 2016 |  | Three Months Ended March 31, 2015
| PCI |  | Retail Consumer |  | Commercial |  | Total |  | Retail Consumer |  | Commercial |  | Total
Balance at beginning of period | $ | 355 |  |  | $ | 12,070 |  |  | $ | 9,552 |  |  | $ | 21,977 |  |  | $ | 14,603 |  |  | $ | 8,753 |  |  | $ | 23,356 |
Provision for (recovery of) loan losses | (10 | ) |  | 339 |  |  | (329 | ) |  | — |  |  | 184 |  |  | (184 | ) |  | — |
Charge-offs | — |  |  | (692 | ) |  | (500 | ) |  | (1,192 | ) |  | (1,313 | ) |  | (354 | ) |  | (1,667 | )
Recoveries | — |  |  | 228 |  |  | 748 |  |  | 976 |  |  | 101 |  |  | 891 |  |  | 992 |
Balance at end of period | $ | 345 |  |  | $ | 11,945 |  |  | $ | 9,471 |  |  | $ | 21,761 |  |  | $ | 13,575 |  |  | $ | 9,106 |  |  | $ | 22,681 |
| Nine Months Ended March 31, 2016 |  | Nine Months Ended March 31, 2015
| PCI |  | Retail Consumer |  | Commercial |  | Total |  | Retail Consumer |  | Commercial |  | Total
Balance at beginning of period | $ | 401 |  |  | $ | 12,575 |  |  | $ | 9,398 |  |  | $ | 22,374 |  |  | $ | 15,731 |  |  | $ | 7,698 |  |  | $ | 23,429 |
Provision for (recovery of) loan losses | (56 | ) |  | (141 | ) |  | 197 |  |  | — |  |  | (745 | ) |  | 495 |  |  | (250 | )
Charge-offs | — |  |  | (1,466 | ) |  | (1,378 | ) |  | (2,844 | ) |  | (2,369 | ) |  | (682 | ) |  | (3,051 | )
Recoveries | — |  |  | 977 |  |  | 1,254 |  |  | 2,231 |  |  | 958 |  |  | 1,595 |  |  | 2,553 |
Balance at end of period | $ | 345 |  |  | $ | 11,945 |  |  | $ | 9,471 |  |  | $ | 21,761 |  |  | $ | 13,575 |  |  | $ | 9,106 |  |  | $ | 22,681 |
The Company's ending balances of loans and the related allowance, by segment and class, at the dates indicated follows:
| Allowance for Loan Losses |  | Total Loans Receivable
| PCI |  | Loans individually evaluated for impairment |  | Loans collectively evaluated |  | Total |  | PCI |  | Loans individually evaluated for impairment |  | Loans collectively evaluated |  | Total
March 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 23 |  |  | $ | 176 |  |  | $ | 6,819 |  |  | $ | 7,018 |  |  | $ | 7,261 |  |  | $ | 12,737 |  |  | $ | 620,128 |  |  | $ | 640,126 |
HELOCs - originated | 3 |  |  | 286 |  |  | 1,918 |  |  | 2,207 |  |  | 286 |  |  | 1,146 |  |  | 163,119 |  |  | 164,551 |
HELOCs - purchased | — |  |  | — |  |  | 632 |  |  | 632 |  |  | — |  |  | — |  |  | 158,006 |  |  | 158,006 |
Construction and land/lots | — |  |  | 232 |  |  | 955 |  |  | 1,187 |  |  | 588 |  |  | 874 |  |  | 33,626 |  |  | 35,088 |
Indirect auto finance | — |  |  | — |  |  | 843 |  |  | 843 |  |  | — |  |  | — |  |  | 95,660 |  |  | 95,660 |
Consumer | — |  |  | 10 |  |  | 74 |  |  | 84 |  |  | 10 |  |  | — |  |  | 4,185 |  |  | 4,195 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 267 |  |  | — |  |  | 5,526 |  |  | 5,793 |  |  | 23,714 |  |  | 5,123 |  |  | 430,342 |  |  | 459,179 |
Construction and development | 17 |  |  | — |  |  | 1,621 |  |  | 1,638 |  |  | 3,987 |  |  | 1,162 |  |  | 72,261 |  |  | 77,410 |
Commercial and industrial | 35 |  |  | 703 |  |  | 994 |  |  | 1,732 |  |  | 4,673 |  |  | 3,913 |  |  | 68,466 |  |  | 77,052 |
Municipal leases | — |  |  | — |  |  | 627 |  |  | 627 |  |  | — |  |  | 551 |  |  | 102,877 |  |  | 103,428 |
Total | $ | 345 |  |  | $ | 1,407 |  |  | $ | 20,009 |  |  | $ | 21,761 |  |  | $ | 40,519 |  |  | $ | 25,506 |  |  | $ | 1,748,670 |  |  | $ | 1,814,695 |
June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 35 |  |  | $ | 492 |  |  | $ | 7,463 |  |  | $ | 7,990 |  |  | $ | 10,330 |  |  | $ | 22,841 |  |  | $ | 617,579 |  |  | $ | 650,750 |
HELOCs - originated | 3 |  |  | 275 |  |  | 1,499 |  |  | 1,777 |  |  | 295 |  |  | 2,608 |  |  | 158,301 |  |  | 161,204 |
HELOCs - purchased | — |  |  | — |  |  | 432 |  |  | 432 |  |  | — |  |  | — |  |  | 72,010 |  |  | 72,010 |
Construction and land/lots | — |  |  | 531 |  |  | 1,291 |  |  | 1,822 |  |  | 714 |  |  | 1,926 |  |  | 43,291 |  |  | 45,931 |
Indirect auto finance | — |  |  | — |  |  | 464 |  |  | 464 |  |  | — |  |  | — |  |  | 52,494 |  |  | 52,494 |
Consumer | — |  |  | 39 |  |  | 89 |  |  | 128 |  |  | 11 |  |  | 45 |  |  | 3,652 |  |  | 3,708 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 334 |  |  | — |  |  | 6,005 |  |  | 6,339 |  |  | 30,179 |  |  | 10,961 |  |  | 400,480 |  |  | 441,620 |
Construction and development | — |  |  | 119 |  |  | 1,462 |  |  | 1,581 |  |  | 4,778 |  |  | 5,161 |  |  | 54,634 |  |  | 64,573 |
Commercial and industrial | 29 |  |  | 400 |  |  | 675 |  |  | 1,104 |  |  | 5,310 |  |  | 4,537 |  |  | 74,973 |  |  | 84,820 |
Municipal leases | — |  |  | — |  |  | 737 |  |  | 737 |  |  | — |  |  | 316 |  |  | 108,258 |  |  | 108,574 |
Total | $ | 401 |  |  | $ | 1,856 |  |  | $ | 20,117 |  |  | $ | 22,374 |  |  | $ | 51,617 |  |  | $ | 48,395 |  |  | $ | 1,585,672 |  |  | $ | 1,685,684 |
During the quarter ended September 30, 2015, the Company increased its thresholds for loans individually evaluated for impairment under ASC 310-10. These changes primarily impacted the retail consumer loan segment, which contains loan that are more homogeneous in nature. This increase was appropriate given the growth in loans as well as the improvement in the overall credit quality of the portfolio. While these changes decreased the loans individually evaluated for impairment by $11,913, it did not have a material impact on the Company’s allowance for loan losses at September 30, 2015 or provision for loan losses for the quarter ended September 30, 2015. Loans acquired from acquisitions are initially excluded from the allowance for loan losses in accordance with the acquisition method of accounting for business combinations. The Company records these loans at fair value, which includes a credit discount, therefore, no allowance for loan losses are established for these acquired loans at acquisition. A provision for loan losses is recorded for any further deterioration in these acquired loans subsequent to the acquisition. The Company's impaired loans and the related allowance, by segment and class, at the dates indicated follows:
| Total Impaired Loans
| Unpaid Principal Balance |  | Recorded Investment With a Recorded Allowance |  | Recorded Investment With No Recorded Allowance |  | Total |  | Related Recorded Allowance
March 31, 2016 |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |
One-to-four family | $ | 32,644 |  |  | $ | 12,339 |  |  | $ | 16,828 |  |  | $ | 29,167 |  |  | $ | 276 |
HELOCs - originated | 5,178 |  |  | 2,086 |  |  | 1,623 |  |  | 3,709 |  |  | 305 |
Construction and land/lots | 3,054 |  |  | 951 |  |  | 666 |  |  | 1,617 |  |  | 243 |
Consumer | 640 |  |  | 13 |  |  | 22 |  |  | 35 |  |  | 11 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 8,025 |  |  | 1,174 |  |  | 6,186 |  |  | 7,360 |  |  | 18 |
Construction and development | 3,986 |  |  | 573 |  |  | 2,296 |  |  | 2,869 |  |  | 13 |
Commercial and industrial | 10,209 |  |  | 2,574 |  |  | 2,420 |  |  | 4,994 |  |  | 722 |
Municipal leases | 667 |  |  | 116 |  |  | 551 |  |  | 667 |  |  | — |
Total impaired loans | $ | 64,403 |  |  | $ | 19,826 |  |  | $ | 30,592 |  |  | $ | 50,418 |  |  | $ | 1,588 |
June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 31,590 |  |  | $ | 10,340 |  |  | $ | 19,164 |  |  | $ | 29,504 |  |  | $ | 598 |
HELOCs - originated | 6,019 |  |  | 2,565 |  |  | 1,543 |  |  | 4,108 |  |  | 294 |
Construction and land/lots | 3,303 |  |  | 1,225 |  |  | 758 |  |  | 1,983 |  |  | 533 |
Indirect auto finance | 10 |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer | 1,966 |  |  | 13 |  |  | 45 |  |  | 58 |  |  | 39 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 13,829 |  |  | 696 |  |  | 10,971 |  |  | 11,667 |  |  | 412 |
Construction and development | 6,615 |  |  | 1,268 |  |  | 4,241 |  |  | 5,509 |  |  | 64 |
Commercial and industrial | 5,668 |  |  | 688 |  |  | 4,051 |  |  | 4,739 |  |  | 431 |
Municipal leases | 316 |  |  | — |  |  | 316 |  |  | 316 |  |  | — |
Total impaired loans | $ | 69,316 |  |  | $ | 16,795 |  |  | $ | 41,089 |  |  | $ | 57,884 |  |  | $ | 2,371 |
Impaired loans above excludes $5,425 at March 31, 2016 and $644 at June 30, 2015 in PCI loans due to the accretion of discounts established in accordance with the acquisition method of accounting for business combinations. The table above includes $24,912 and $9,492, of impaired loans that were not individually evaluated at March 31, 2016 and June 30, 2015, respectively, because these loans did not meet the Company's threshold for individual impairment evaluation. The recorded allowance above includes $181 and $515 related to these loans that were not individually evaluated at March 31, 2016 and June 30, 2015, respectively. The Company's average recorded investment in impaired loans and interest income recognized on impaired loans for the three and nine months ended March 31, 2016 and 2015 was as follows:
| Three Months Ended
| March 31, 2016 |  | March 31, 2015
| Average Recorded Investment |  | Interest Income Recognized |  | Average Recorded Investment |  | Interest Income Recognized
Retail consumer loans: |  |  |  |  |  |  |
One-to-four family | $ | 30,193 |  |  | $ | 385 |  |  | $ | 30,155 |  |  | $ | 395 |
HELOCs - originated | 3,671 |  |  | 48 |  |  | 4,316 |  |  | 66 |
Construction and land/lots | 1,747 |  |  | 35 |  |  | 2,152 |  |  | 38 |
Indirect auto finance | 7 |  |  | 1 |  |  | — |  |  | — |
Consumer | 35 |  |  | 6 |  |  | 55 |  |  | 5 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 7,711 |  |  | 34 |  |  | 15,551 |  |  | 147 |
Construction and development | 3,151 |  |  | 17 |  |  | 6,019 |  |  | 55 |
Commercial and industrial | 5,001 |  |  | 37 |  |  | 2,270 |  |  | 18 |
Municipal leases | 609 |  |  | 1 |  |  | 447 |  |  | 12 |
Total loans | $ | 52,125 |  |  | $ | 564 |  |  | $ | 60,965 |  |  | $ | 736 |
| Nine Months Ended
| March 31, 2016 |  | March 31, 2015
| Average Recorded Investment |  | Interest Income Recognized |  | Average Recorded Investment |  | Interest Income Recognized
Retail consumer loans: |  |  |  |  |  |  |
One-to-four family | $ | 29,922 |  |  | $ | 1,141 |  |  | $ | 31,914 |  |  | $ | 1,283 |
HELOCs - originated | 3,856 |  |  | 149 |  |  | 4,730 |  |  | 195 |
Construction and land/lots | 1,952 |  |  | 102 |  |  | 2,153 |  |  | 125 |
Indirect auto finance | 3 |  |  | 4 |  |  | — |  |  | 1 |
Consumer | 56 |  |  | 20 |  |  | 37 |  |  | 16 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 10,828 |  |  | 119 |  |  | 17,281 |  |  | 406 |
Construction and development | 4,477 |  |  | 61 |  |  | 6,104 |  |  | 133 |
Commercial and industrial | 4,029 |  |  | 107 |  |  | 2,622 |  |  | 74 |
Municipal leases | 431 |  |  | 30 |  |  | 239 |  |  | 17 |
Total loans | $ | 55,554 |  |  | $ | 1,733 |  |  | $ | 65,080 |  |  | $ | 2,250 |
A summary of changes in the accretable yield for PCI loans for the three and nine months ended March 31, 2016 and 2015 was as follows:
| Three Months Ended
| March 31, 2016 |  | March 31, 2015
Accretable yield, beginning of period | $ | 9,964 |  |  | $ | 10,335 |
Reclass from nonaccretable yield (1) | 59 |  |  | — |
Other changes, net (2) | (36 | ) |  | — |
Interest income | (840 | ) |  | (1,616 | )
Accretable yield, end of period | $ | 9,147 |  |  | $ | 8,719 |
| Nine Months Ended
| March 31, 2016 |  | March 31, 2015
Accretable yield, beginning of period | $ | 11,096 |  |  | $ | 6,151 |
Addition from the Bank of Commerce acquisition | — |  |  | 7,315 |
Reclass from nonaccretable yield (1) | 661 |  |  | — |
Other changes, net (2) | 1,044 |  |  | — |
Interest income | (3,654 | ) |  | (4,747 | )
Accretable yield, end of period | $ | 9,147 |  |  | $ | 8,719 |
______________________________________
(1) | Represents changes attributable to expected losses assumptions.
(2) | Represents changes in cash flows expected to be collected due to the impact of modifications, changes in prepayment assumptions, and changes in interest rates.
For the three and nine months ended March 31, 2016 and 2015, the following table presents a breakdown of the types of concessions made on TDRs by loan class:
| Three Months Ended March 31, 2016 |  | Three Months Ended March 31, 2015
| Number of Loans |  | Pre Modification Outstanding Recorded Investment |  | Post Modification Outstanding Recorded Investment |  | Number of Loans |  | Pre Modification Outstanding Recorded Investment |  | Post Modification Outstanding Recorded Investment
Below market interest rate: |  |  |  |  |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |  |  |  |  |
One-to-four family | — |  |  | $ | — |  |  | $ | — |  |  | 3 |  |  | $ | 388 |  |  | $ | 386 |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 1 |  |  | 590 |  |  | 586 |  |  | — |  |  | — |  |  | — |
Total | 1 |  |  | $ | 590 |  |  | $ | 586 |  |  | 3 |  |  | $ | 388 |  |  | $ | 386 |
Extended term: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
HELOCs - originated | 1 |  |  | $ | 14 |  |  | $ | 14 |  |  | — |  |  | $ | — |  |  | $ | — |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 1 |  |  | 286 |  |  | 286 |  |  | — |  |  | — |  |  | — |
Total | 2 |  |  | $ | 300 |  |  | $ | 300 |  |  | — |  |  | $ | — |  |  | $ | — |
Other TDRs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family | 7 |  |  | $ | 485 |  |  | $ | 493 |  |  | 6 |  |  | $ | 3,091 |  |  | $ | 3,006 |
HELOCs - originated | 1 |  |  | 8 |  |  | 8 |  |  | 2 |  |  | 41 |  |  | 9 |
Construction and land/lots | 1 |  |  | 2 |  |  | 2 |  |  | — |  |  | — |  |  | — |
Total | 9 |  |  | $ | 495 |  |  | $ | 503 |  |  | 8 |  |  | $ | 3,132 |  |  | $ | 3,015 |
Total | 12 |  |  | $ | 1,385 |  |  | $ | 1,389 |  |  | 11 |  |  | $ | 3,520 |  |  | $ | 3,401 |
| Nine Months Ended March 31, 2016 |  | Nine Months Ended March 31, 2015
| Number of Loans |  | Pre Modification Outstanding Recorded Investment |  | Post Modification Outstanding Recorded Investment |  | Number of Loans |  | Pre Modification Outstanding Recorded Investment |  | Post Modification Outstanding Recorded Investment
Below market interest rate: |  |  |  |  |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |  |  |  |  |
One-to-four family | 1 |  |  | $ | 26 |  |  | $ | 28 |  |  | 4 |  |  | $ | 449 |  |  | $ | 473 |
Construction and land/lots | — |  |  | — |  |  | — |  |  | 1 |  |  | 110 |  |  | 103 |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 1 |  |  | 590 |  |  | 586 |  |  | — |  |  | — |  |  | — |
Total | 2 |  |  | $ | 616 |  |  | $ | 614 |  |  | 5 |  |  | $ | 559 |  |  | $ | 576 |
Extended term: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family | 4 |  |  | $ | 92 |  |  | $ | 99 |  |  | — |  |  | $ | — |  |  | $ | — |
HELOCs - originated | 2 |  |  | 28 |  |  | 27 |  |  | 3 |  |  | 91 |  |  | 87 |
Consumer | — |  |  | — |  |  | — |  |  | 2 |  |  | 10 |  |  | 9 |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 1 |  |  | 286 |  |  | 286 |  |  | 2 |  |  | 426 |  |  | 471 |
Total | 7 |  |  | $ | 406 |  |  | $ | 412 |  |  | 7 |  |  | $ | 527 |  |  | $ | 567 |
Other TDRs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family | 26 |  |  | $ | 2,860 |  |  | $ | 2,657 |  |  | 16 |  |  | $ | 3,684 |  |  | $ | 3,568 |
HELOCs - originated | 2 |  |  | 8 |  |  | 8 |  |  | 4 |  |  | 155 |  |  | 121 |
Construction and land/lots | — |  |  | — |  |  | — |  |  | 1 |  |  | 106 |  |  | 103 |
Consumer | 1 |  |  | 2 |  |  | 2 |  |  | — |  |  | — |  |  | — |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Construction and development | 1 |  |  | 386 |  |  | 374 |  |  | 2 |  |  | 173 |  |  | 172 |
Commercial and industrial | 1 |  |  | 997 |  |  | 978 |  |  | — |  |  | — |  |  | — |
Total | 31 |  |  | $ | 4,253 |  |  | $ | 4,019 |  |  | 23 |  |  | $ | 4,118 |  |  | $ | 3,964 |
Total | 40 |  |  | $ | 5,275 |  |  | $ | 5,045 |  |  | 35 |  |  | $ | 5,204 |  |  | $ | 5,107 |
The following table presents loans that were modified as TDRs within the previous 12 months and for which there was a payment default during the three and nine months ended March 31, 2016 and 2015:
| Three Months Ended March 31, 2016 |  | Three Months Ended March 31, 2015
| Number of Loans |  | Recorded Investment |  | Number of Loans |  | Recorded Investment
Below market interest rate: |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |
One-to-four family | — |  |  | $ | — |  |  | 2 |  |  | $ | 380 |
Total | — |  |  | $ | — |  |  | 2 |  |  | $ | 380 |
Extended payment terms: |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |
One-to-four family | 1 |  |  | $ | 31 |  |  | — |  |  | $ | — |
Total | 1 |  |  | $ | 31 |  |  | — |  |  | $ | — |
Other TDRs: |  |  |  |  |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |  |  |  |  |
One-to-four family | 6 |  |  | $ | 390 |  |  | 2 |  |  | $ | 716 |
HELOCs - originated | 1 |  |  | 16 |  |  | 2 |  |  | 9 |
Total | 7 |  |  | $ | 406 |  |  | 4 |  |  | $ | 725 |
Total | 8 |  |  | $ | 437 |  |  | 6 |  |  | $ | 1,105 |
| Nine Months Ended March 31, 2016 |  | Nine Months Ended March 31, 2015
| Number of Loans |  | Recorded Investment |  | Number of Loans |  | Recorded Investment
Below market interest rate: |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |
One-to-four family | — |  |  | $ | — |  |  | 2 |  |  | $ | 380 |
Total | — |  |  | $ | — |  |  | 2 |  |  | $ | 380 |
Extended payment terms: |  |  |  |  |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |
One-to-four family | 3 |  |  | $ | 75 |  |  | — |  |  | $ | — |
Total | 3 |  |  | $ | 75 |  |  | — |  |  | $ | — |
Other TDRs: |  |  |  |  |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |  |  |  |  |
One-to-four family | 14 |  |  | $ | 895 |  |  | 10 |  |  | $ | 1,116 |
HELOCs - originated | 2 |  |  | 24 |  |  | 2 |  |  | 9 |
Construction and land/lots | — |  |  | — |  |  | 1 |  |  | 172 |
Total | 16 |  |  | $ | 919 |  |  | 13 |  |  | $ | 1,297 |
Total | 19 |  |  | $ | 994 |  |  | 15 |  |  | $ | 1,677 |
Other TDRs include TDRs that have a below market interest rate and extended payment terms. The Company does not typically forgive principal when restructuring troubled debt. In the determination of the allowance for loan losses, management considers TDRs for all loan classes, and the subsequent nonperformance in accordance with their modified terms, by measuring impairment on a loan-by-loan basis based on either the value of the loan's expected future cash flows discounted at the loan's original effective interest rate or on the collateral value, net of the estimated costs of disposal, if the loan is collateral dependent.

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5066-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(6)) -URI http://asc.fasb.org/extlink&oid=6488278&loc=d3e603758-122996 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5162-111524 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(5)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e5074-111524 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration