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v3.19.3

Loans | 3 Months Ended
--- | ---
Sep. 30, 2019
Receivables [Abstract] |
Loans | Loans Loans consist of the following at the dates indicated:
| September 30, 2019 |  | June 30, 2019
Retail consumer loans: |  |  |
One-to-four family | $ | 396,649 |  |  | $ | 660,591 |
HELOCs - originated | 141,129 |  |  | 139,435 |
HELOCs - purchased | 104,324 |  |  | 116,972 |
Construction and land/lots | 85,319 |  |  | 80,602 |
Indirect auto finance | 147,808 |  |  | 153,448 |
Consumer | 11,400 |  |  | 11,416 |
Total retail consumer loans | 886,629 |  |  | 1,162,464 |
Commercial loans: |  |  |
Commercial real estate | 990,787 |  |  | 927,261 |
Construction and development | 203,494 |  |  | 210,916 |
Commercial and industrial | 158,706 |  |  | 160,471 |
Equipment finance | 154,479 |  |  | 132,058 |
Municipal finance | 114,382 |  |  | 112,016 |
Total commercial loans | 1,621,848 |  |  | 1,542,722 |
Total loans | 2,508,477 |  |  | 2,705,186 |
Deferred loan costs, net | 253 |  |  | 4 |
Total loans, net of deferred loan costs | 2,508,730 |  |  | 2,705,190 |
Allowance for loan losses | (21,314 | ) |  | (21,429 | )
Loans, net | $ | 2,487,416 |  |  | $ | 2,683,761 |
All qualifying one-to-four family first mortgage loans, HELOCs, commercial real estate loans, 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 follows:
| Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Loss |  | Total
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 381,231 |  |  | $ | 2,108 |  |  | $ | 7,466 |  |  | $ | 368 |  |  | $ | 15 |  |  | $ | 391,188 |
HELOCs - originated | 138,744 |  |  | 547 |  |  | 1,504 |  |  | 100 |  |  | 9 |  |  | 140,904 |
HELOCs - purchased | 103,848 |  |  | — |  |  | 476 |  |  | — |  |  | — |  |  | 104,324 |
Construction and land/lots | 84,789 |  |  | 5 |  |  | 159 |  |  | — |  |  | — |  |  | 84,953 |
Indirect auto finance | 146,967 |  |  | — |  |  | 841 |  |  | — |  |  | — |  |  | 147,808 |
Consumer | 11,351 |  |  | — |  |  | 43 |  |  | 1 |  |  | 5 |  |  | 11,400 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 963,018 |  |  | 9,599 |  |  | 11,315 |  |  | — |  |  | — |  |  | 983,932 |
Construction and development | 200,758 |  |  | 652 |  |  | 1,387 |  |  | 1 |  |  | — |  |  | 202,798 |
Commercial and industrial | 156,047 |  |  | 718 |  |  | 283 |  |  | — |  |  | — |  |  | 157,048 |
Equipment finance | 153,457 |  |  | — |  |  | 1,022 |  |  | — |  |  | — |  |  | 154,479 |
Municipal finance | 114,099 |  |  | 283 |  |  | — |  |  | — |  |  | — |  |  | 114,382 |
Total loans | $ | 2,454,309 |  |  | $ | 13,912 |  |  | $ | 24,496 |  |  | $ | 470 |  |  | $ | 29 |  |  | $ | 2,493,216 |
| Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Loss |  | Total
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 644,159 |  |  | $ | 2,089 |  |  | $ | 8,072 |  |  | $ | 384 |  |  | $ | 19 |  |  | $ | 654,723 |
HELOCs - originated | 137,001 |  |  | 766 |  |  | 1,434 |  |  | — |  |  | 9 |  |  | 139,210 |
HELOCs - purchased | 116,306 |  |  | — |  |  | 666 |  |  | — |  |  | — |  |  | 116,972 |
Construction and land/lots | 79,995 |  |  | 71 |  |  | 164 |  |  | — |  |  | — |  |  | 80,230 |
Indirect auto finance | 152,393 |  |  | 13 |  |  | 1,042 |  |  | — |  |  | — |  |  | 153,448 |
Consumer | 11,375 |  |  | 1 |  |  | 33 |  |  | 3 |  |  | 4 |  |  | 11,416 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 901,214 |  |  | 8,066 |  |  | 10,306 |  |  | — |  |  | — |  |  | 919,586 |
Construction and development | 207,827 |  |  | 790 |  |  | 1,357 |  |  | 1 |  |  | — |  |  | 209,975 |
Commercial and industrial | 157,325 |  |  | 877 |  |  | 600 |  |  | — |  |  | — |  |  | 158,802 |
Equipment finance | 131,674 |  |  | — |  |  | 384 |  |  | — |  |  | — |  |  | 132,058 |
Municipal finance | 111,721 |  |  | 295 |  |  | — |  |  | — |  |  | — |  |  | 112,016 |
Total loans | $ | 2,650,990 |  |  | $ | 12,968 |  |  | $ | 24,058 |  |  | $ | 388 |  |  | $ | 32 |  |  | $ | 2,688,436 |
The Company's total purchased credit impaired ("PCI") loans by segment, class, and risk grade at the dates indicated follows:
| Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Loss |  | Total
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 3,981 |  |  | $ | 214 |  |  | $ | 1,266 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,461 |
HELOCs - originated | 225 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 225 |
Construction and land/lots | 140 |  |  | — |  |  | 226 |  |  | — |  |  | — |  |  | 366 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 3,703 |  |  | 1,881 |  |  | 1,271 |  |  | — |  |  | — |  |  | 6,855 |
Construction and development | 342 |  |  | — |  |  | 354 |  |  | — |  |  | — |  |  | 696 |
Commercial and industrial | 1,655 |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 1,658 |
Total loans | $ | 10,046 |  |  | $ | 2,095 |  |  | $ | 3,117 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 15,261 |
| Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Loss |  | Total
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 4,124 |  |  | $ | 248 |  |  | $ | 1,496 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,868 |
HELOCs - originated | 225 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 225 |
Construction and land/lots | 142 |  |  | — |  |  | 230 |  |  | — |  |  | — |  |  | 372 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 4,503 |  |  | 1,903 |  |  | 1,300 |  |  | — |  |  | — |  |  | 7,706 |
Construction and development | 453 |  |  | — |  |  | 488 |  |  | — |  |  | — |  |  | 941 |
Commercial and industrial | 1,666 |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 1,669 |
Total loans | $ | 11,113 |  |  | $ | 2,151 |  |  | $ | 3,514 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 16,781 |
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
September 30, 2019 |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |
One-to-four family | $ | 2,511 |  |  | $ | 1,883 |  |  | $ | 4,394 |  |  | $ | 392,255 |  |  | $ | 396,649 |
HELOCs - originated | 437 |  |  | 204 |  |  | 641 |  |  | 140,488 |  |  | 141,129 |
HELOCs - purchased | 108 |  |  | 298 |  |  | 406 |  |  | 103,918 |  |  | 104,324 |
Construction and land/lots | — |  |  | 6 |  |  | 6 |  |  | 85,313 |  |  | 85,319 |
Indirect auto finance | 566 |  |  | 110 |  |  | 676 |  |  | 147,132 |  |  | 147,808 |
Consumer | 5 |  |  | 12 |  |  | 17 |  |  | 11,383 |  |  | 11,400 |
Commercial loans: |  |  |  |  |  |  |  |  |
Commercial real estate | 1,000 |  |  | 2,664 |  |  | 3,664 |  |  | 987,123 |  |  | 990,787 |
Construction and development | — |  |  | 1,170 |  |  | 1,170 |  |  | 202,324 |  |  | 203,494 |
Commercial and industrial | 95 |  |  | 118 |  |  | 213 |  |  | 158,493 |  |  | 158,706 |
Equipment finance | 1,012 |  |  | 629 |  |  | 1,641 |  |  | 152,838 |  |  | 154,479 |
Municipal finance | — |  |  | — |  |  | — |  |  | 114,382 |  |  | 114,382 |
Total loans | $ | 5,734 |  |  | $ | 7,094 |  |  | $ | 12,828 |  |  | $ | 2,495,649 |  |  | $ | 2,508,477 |
| Past Due |  |  |  | Total
| 30-89 Days |  | 90 Days+ |  | Total |  | Current |  | Loans
June 30, 2019 |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |
One-to-four family | $ | 1,615 |  |  | $ | 1,389 |  |  | $ | 3,004 |  |  | $ | 657,587 |  |  | $ | 660,591 |
HELOCs - originated | 226 |  |  | 231 |  |  | 457 |  |  | 138,978 |  |  | 139,435 |
HELOCs - purchased | — |  |  | 485 |  |  | 485 |  |  | 116,487 |  |  | 116,972 |
Construction and land/lots | 138 |  |  | 6 |  |  | 144 |  |  | 80,458 |  |  | 80,602 |
Indirect auto finance | 459 |  |  | 237 |  |  | 696 |  |  | 152,752 |  |  | 153,448 |
Consumer | 6 |  |  | 8 |  |  | 14 |  |  | 11,402 |  |  | 11,416 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 2,279 |  |  | 516 |  |  | 2,795 |  |  | 924,466 |  |  | 927,261 |
Construction and development | — |  |  | 1,133 |  |  | 1,133 |  |  | 209,783 |  |  | 210,916 |
Commercial and industrial | 207 |  |  | 99 |  |  | 306 |  |  | 160,165 |  |  | 160,471 |
Equipment finance | 649 |  |  | 384 |  |  | 1,033 |  |  | 131,025 |  |  | 132,058 |
Municipal finance | — |  |  | — |  |  | — |  |  | 112,016 |  |  | 112,016 |
Total loans | $ | 5,579 |  |  | $ | 4,488 |  |  | $ | 10,067 |  |  | $ | 2,695,119 |  |  | $ | 2,705,186 |
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 follows:
| September 30, 2019 |  | June 30, 2019
| Nonaccruing |  | 90 Days + & still accruing |  | Nonaccruing |  | 90 Days + & still accruing
Retail consumer loans: |  |  |  |  |  |  |
One-to-four family | $ | 3,348 |  |  | $ | — |  |  | $ | 3,223 |  |  | $ | — |
HELOCs - originated | 584 |  |  | — |  |  | 372 |  |  | — |
HELOCs - purchased | 476 |  |  | — |  |  | 666 |  |  | — |
Construction and land/lots | 6 |  |  | — |  |  | 6 |  |  | — |
Indirect auto finance | 317 |  |  | — |  |  | 463 |  |  | — |
Consumer | 24 |  |  | — |  |  | 21 |  |  | — |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 3,398 |  |  | — |  |  | 3,559 |  |  | — |
Construction and development | 1,387 |  |  | — |  |  | 1,357 |  |  | — |
Commercial and industrial | 319 |  |  | — |  |  | 307 |  |  | — |
Equipment finance | 1,022 |  |  | — |  |  | 384 |  |  | — |
Total loans | $ | 10,881 |  |  | $ | — |  |  | $ | 10,358 |  |  | $ | — |
PCI loans totaling $1,234 at September 30, 2019 and $1,344 at June 30, 2019 are excluded from nonaccruing loans due to the accretion of discounts established in accordance with the acquisition method of accounting for business combinations. 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 had no commitments to lend additional funds on these TDR loans at September 30, 2019. The Company's loans that were performing under the payment terms of TDRs that were excluded from nonaccruing loans above at the dates indicated follows:
| September 30, 2019 |  | June 30, 2019
Performing TDRs included in impaired loans | $ | 24,590 |  |  | $ | 23,116 |
An analysis of the allowance for loan losses by segment for the periods shown is as follows:
| Three Months Ended September 30, 2019 |  | Three Months Ended September 30, 2018
| PCI |  | Retail Consumer |  | Commercial |  | Total |  | PCI |  | Retail Consumer |  | Commercial |  | Total
Balance at beginning of period | $ | 201 |  |  | $ | 6,419 |  |  | $ | 14,809 |  |  | $ | 21,429 |  |  | $ | 483 |  |  | $ | 7,527 |  |  | $ | 13,050 |  |  | $ | 21,060 |
Provision for (recovery of) loan losses | (7 | ) |  | (448 | ) |  | 455 |  |  | — |  |  | (188 | ) |  | (64 | ) |  | 252 |  |  | — |
Charge-offs | — |  |  | (395 | ) |  | (35 | ) |  | (430 | ) |  | — |  |  | (416 | ) |  | (2 | ) |  | (418 | )
Recoveries | — |  |  | 152 |  |  | 163 |  |  | 315 |  |  | — |  |  | 205 |  |  | 85 |  |  | 290 |
Balance at end of period | $ | 194 |  |  | $ | 5,728 |  |  | $ | 15,392 |  |  | $ | 21,314 |  |  | $ | 295 |  |  | $ | 7,252 |  |  | $ | 13,385 |  |  | $ | 20,932 |
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
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 60 |  |  | $ | 70 |  |  | $ | 1,547 |  |  | $ | 1,677 |  |  | $ | 5,461 |  |  | $ | 5,452 |  |  | $ | 385,736 |  |  | $ | 396,649 |
HELOCs - originated | — |  |  | 9 |  |  | 1,108 |  |  | 1,117 |  |  | 225 |  |  | 9 |  |  | 140,895 |  |  | 141,129 |
HELOCs - purchased | — |  |  | — |  |  | 471 |  |  | 471 |  |  | — |  |  | — |  |  | 104,324 |  |  | 104,324 |
Construction and land/lots | — |  |  | — |  |  | 1,357 |  |  | 1,357 |  |  | 366 |  |  | 315 |  |  | 84,638 |  |  | 85,319 |
Indirect auto finance | — |  |  | — |  |  | 1,028 |  |  | 1,028 |  |  | — |  |  | 11 |  |  | 147,797 |  |  | 147,808 |
Consumer | — |  |  | 5 |  |  | 133 |  |  | 138 |  |  | — |  |  | 5 |  |  | 11,395 |  |  | 11,400 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 113 |  |  | 38 |  |  | 8,223 |  |  | 8,374 |  |  | 6,855 |  |  | 8,305 |  |  | 975,627 |  |  | 990,787 |
Construction and development | 4 |  |  | 5 |  |  | 3,148 |  |  | 3,157 |  |  | 696 |  |  | 1,275 |  |  | 201,523 |  |  | 203,494 |
Commercial and industrial | 17 |  |  | — |  |  | 1,941 |  |  | 1,958 |  |  | 1,658 |  |  | — |  |  | 157,048 |  |  | 158,706 |
Equipment finance | — |  |  | 67 |  |  | 1,517 |  |  | 1,584 |  |  | — |  |  | 1,022 |  |  | 153,457 |  |  | 154,479 |
Municipal finance | — |  |  | — |  |  | 453 |  |  | 453 |  |  | — |  |  | — |  |  | 114,382 |  |  | 114,382 |
Total | $ | 194 |  |  | $ | 194 |  |  | $ | 20,926 |  |  | $ | 21,314 |  |  | $ | 15,261 |  |  | $ | 16,394 |  |  | $ | 2,476,822 |  |  | $ | 2,508,477 |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 62 |  |  | $ | 74 |  |  | $ | 2,375 |  |  | $ | 2,511 |  |  | $ | 5,868 |  |  | $ | 5,318 |  |  | $ | 649,405 |  |  | $ | 660,591 |
HELOCs - originated | — |  |  | 7 |  |  | 1,060 |  |  | 1,067 |  |  | 225 |  |  | 7 |  |  | 139,203 |  |  | 139,435 |
HELOCs - purchased | — |  |  | — |  |  | 518 |  |  | 518 |  |  | — |  |  | — |  |  | 116,972 |  |  | 116,972 |
Construction and land/lots | — |  |  | — |  |  | 1,265 |  |  | 1,265 |  |  | 372 |  |  | 323 |  |  | 79,907 |  |  | 80,602 |
Indirect auto finance | — |  |  | — |  |  | 927 |  |  | 927 |  |  | — |  |  | — |  |  | 153,448 |  |  | 153,448 |
Consumer | — |  |  | 4 |  |  | 189 |  |  | 193 |  |  | — |  |  | 4 |  |  | 11,412 |  |  | 11,416 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 118 |  |  | 28 |  |  | 7,890 |  |  | 8,036 |  |  | 7,706 |  |  | 8,692 |  |  | 910,863 |  |  | 927,261 |
Construction and development | 4 |  |  | 5 |  |  | 3,187 |  |  | 3,196 |  |  | 941 |  |  | 1,397 |  |  | 208,578 |  |  | 210,916 |
Commercial and industrial | 17 |  |  | 2 |  |  | 1,957 |  |  | 1,976 |  |  | 1,669 |  |  | 2 |  |  | 158,800 |  |  | 160,471 |
Equipment finance | — |  |  | — |  |  | 1,305 |  |  | 1,305 |  |  | — |  |  | — |  |  | 132,058 |  |  | 132,058 |
Municipal finance | — |  |  | — |  |  | 435 |  |  | 435 |  |  | — |  |  | — |  |  | 112,016 |  |  | 112,016 |
Total | $ | 201 |  |  | $ | 120 |  |  | $ | 21,108 |  |  | $ | 21,429 |  |  | $ | 16,781 |  |  | $ | 15,743 |  |  | $ | 2,672,662 |  |  | $ | 2,705,186 |
Loans acquired through 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 is 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, excluding PCI loans, 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
September 30, 2019 |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |
One-to-four family | $ | 17,678 |  |  | $ | 12,747 |  |  | $ | 2,315 |  |  | $ | 15,062 |  |  | $ | 496 |
HELOCs - originated | 2,611 |  |  | 675 |  |  | 1,288 |  |  | 1,963 |  |  | 12 |
HELOCs - purchased | 476 |  |  | 476 |  |  | — |  |  | 476 |  |  | 2 |
Construction and land/lots | 1,692 |  |  | 795 |  |  | 315 |  |  | 1,110 |  |  | 27 |
Indirect auto finance | 585 |  |  | 191 |  |  | 216 |  |  | 407 |  |  | 2 |
Consumer | 295 |  |  | 11 |  |  | 35 |  |  | 46 |  |  | 7 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 9,674 |  |  | 6,620 |  |  | 2,771 |  |  | 9,391 |  |  | 45 |
Construction and development | 2,482 |  |  | 846 |  |  | 794 |  |  | 1,640 |  |  | 8 |
Commercial and industrial | 8,985 |  |  | 345 |  |  | — |  |  | 345 |  |  | 4 |
Equipment finance | 1,022 |  |  | 393 |  |  | 629 |  |  | 1,022 |  |  | 67 |
Total impaired loans | $ | 45,500 |  |  | $ | 23,099 |  |  | $ | 8,363 |  |  | $ | 31,462 |  |  | $ | 670 |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail consumer loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family | $ | 18,302 |  |  | $ | 12,461 |  |  | $ | 3,152 |  |  | $ | 15,613 |  |  | $ | 472 |
HELOCs - originated | 2,410 |  |  | 564 |  |  | 1,219 |  |  | 1,783 |  |  | 46 |
HELOCs - purchased | 666 |  |  | — |  |  | 666 |  |  | 666 |  |  | — |
Construction and land/lots | 1,917 |  |  | 957 |  |  | 323 |  |  | 1,280 |  |  | 26 |
Indirect auto finance | 601 |  |  | 353 |  |  | 137 |  |  | 490 |  |  | 2 |
Consumer | 379 |  |  | 7 |  |  | 41 |  |  | 48 |  |  | 6 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 10,127 |  |  | 6,434 |  |  | 3,404 |  |  | 9,838 |  |  | 36 |
Construction and development | 2,574 |  |  | 940 |  |  | 791 |  |  | 1,731 |  |  | 7 |
Commercial and industrial | 10,173 |  |  | 354 |  |  | 768 |  |  | 1,122 |  |  | 6 |
Equipment finance | 462 |  |  | — |  |  | 384 |  |  | 384 |  |  | — |
Total impaired loans | $ | 47,611 |  |  | $ | 22,070 |  |  | $ | 10,885 |  |  | $ | 32,955 |  |  | $ | 601 |
The table above includes $15,068 and $17,212, of impaired loans that were not individually evaluated at September 30, 2019 and June 30, 2019, respectively, because these loans did not meet the Company's threshold for individual impairment evaluation. The recorded allowance above includes $476 and $481 related to these loans that were not individually evaluated at September 30, 2019 and June 30, 2019, respectively. The Company's average recorded investment in impaired loans and interest income recognized on impaired loans for the three months ended September 30, 2019 and 2018 follows:
| Three Months Ended
| September 30, 2019 |  | September 30, 2018
| Average Recorded Investment |  | Interest Income Recognized |  | Average Recorded Investment |  | Interest Income Recognized
Retail consumer loans: |  |  |  |  |  |  |
One-to-four family | $ | 15,338 |  |  | $ | 206 |  |  | $ | 19,280 |  |  | $ | 290 |
HELOCs - originated | 1,873 |  |  | 29 |  |  | 1,319 |  |  | 18 |
HELOCs - purchased | 571 |  |  | 3 |  |  | 186 |  |  | 3 |
Construction and land/lots | 1,195 |  |  | 24 |  |  | 1,593 |  |  | 39 |
Indirect auto finance | 448 |  |  | 5 |  |  | 327 |  |  | 4 |
Consumer | 47 |  |  | 3 |  |  | 806 |  |  | 27 |
Commercial loans: |  |  |  |  |  |  |  |  |  |  |
Commercial real estate | 9,614 |  |  | 77 |  |  | 4,754 |  |  | 93 |
Construction and development | 1,686 |  |  | 14 |  |  | 1,940 |  |  | 29 |
Commercial and industrial | 734 |  |  | 10 |  |  | 219 |  |  | 17 |
Equipment finance | 703 |  |  | 8 |  |  | — |  |  | — |
Total loans | $ | 32,209 |  |  | $ | 379 |  |  | $ | 30,424 |  |  | $ | 520 |
A summary of changes in the accretable yield for PCI loans for the three months ended September 30, 2019 and 2018 follows:
| Three Months Ended
| September 30, 2019 |  | September 30, 2018
Accretable yield, beginning of period | $ | 5,259 |  |  | $ | 5,734 |
Reclass from nonaccretable yield (1) | 115 |  |  | 10 |
Other changes, net (2) | (14 | ) |  | 137 |
Interest income | (444 | ) |  | (429 | )
Accretable yield, end of period | $ | 4,916 |  |  | $ | 5,452 |
______________________________________
(1) | Represents changes attributable to expected loss 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 months ended September 30, 2019 and 2018, the following tables present a breakdown of the types of concessions made on TDRs by loan class:
| Three Months Ended September 30, 2019 |  | Three Months Ended September 30, 2018
| 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
Extended payment terms: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family | 1 |  |  | $ | 14 |  |  | $ | 14 |  |  | — |  |  | $ | — |  |  | $ | — |
Total | 1 |  |  | $ | 14 |  |  | $ | 14 |  |  | — |  |  | $ | — |  |  | $ | — |
Other TDRs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family | 3 |  |  | $ | 35 |  |  | $ | 34 |  |  | 5 |  |  | $ | 244 |  |  | $ | 243 |
Indirect auto finance | 4 |  |  | 68 |  |  | 65 |  |  | 1 |  |  | 33 |  |  | 32 |
Consumer | — |  |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | 2 |
Total | 7 |  |  | $ | 103 |  |  | $ | 99 |  |  | 7 |  |  | $ | 279 |  |  | $ | 277 |
Total | 8 |  |  | $ | 117 |  |  | $ | 113 |  |  | 7 |  |  | $ | 279 |  |  | $ | 277 |
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. The following tables present loans that were modified as TDRs within the previous 12 months and for which there was a payment default during the three months ended September 30, 2019 and 2018:
| Three Months Ended September 30, 2019 |  | Three Months Ended September 30, 2018
| Number of Loans |  | Recorded Investment |  | Number of Loans |  | Recorded Investment
Other TDRs: |  |  |  |  |  |  |  |  |  |  |
Retail consumer: |  |  |  |  |  |  |  |  |  |  |
One-to-four family | 2 |  |  | $ | 122 |  |  | — |  |  | $ | — |
Consumer | 1 |  |  | 2 |  |  | — |  |  | — |
Total | 3 |  |  | $ | 124 |  |  | — |  |  | $ | — |
Total | 3 |  |  | $ | 124 |  |  | — |  |  | $ | — |
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.

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