NET LOANS RECEIVABLE

Schedule of activity in allowance for credit losses by portfolio segment

The following tables present the activity in the allowance for credit losses by portfolio segment (dollars in thousands):


	For the Three Months Ended September 30, 2023
			Cumulative Effect
	Beginning		Adjustment for the								Ending
	Balance		Adoption of ASC 326		Provisions		Charge-offs		Recoveries		Balance
Commercial	$	14,288	$	(1,307)	$	173	$	—	$	27	$	13,181
Residential mortgages		6,222		(670)		639		—		—		6,191
Home equity loans and lines of credit		1,470		(265)		89		(12)		—		1,282
Consumer		489		(69)		15		(23)		3		415
Allowance for credit losses - loans		22,469		(2,311)		916		(35)		30		21,069
Allowance for credit losses - off-balance sheet credit exposures		—		1,624		(166)		—		—		1,458
Total allowance for credit losses	$	22,469	$	(687)	$	750	$	(35)	$	30	$	22,527


	For the Three Months Ended September 30, 2022
			Residential
	Commercial		Mortgages		Home Equity		Consumer		Total
Allowance for loan losses at beginning of period	$	17,818	$	2,899	$	1,388	$	419	$	22,524
Provisions charged to operations		(772)		851		(30)		71		120
Loans charged off		(34)		(24)		—		(71)		(129)
Recoveries on loans charged off		43		10		—		1		54
Allowance for loan losses at end of period	$	17,055	$	3,736	$	1,358	$	420	$	22,569

Schedule of impaired loans by class

The following table presents information related to impaired loans by class (dollars in thousands):


							For the Year Ended
	June 30, 2023						June 30, 2023
	Unpaid				Allowance for		Average		Interest
	Principal		Recorded		Loan Losses		Recorded		Income
	Balance		Investment		Allocated		Investment		Recognized
With no related allowance recorded:
Commercial:
Real estate	$	10,241	$	10,213	$	—	$	10,538	$	133
Commercial and industrial		—		—		—		—		—
Construction		—		—		—		—		—
Subtotal		10,241		10,213		—		10,538		133
With an allowance recorded:
Commercial:
Real estate		681		681		142		699		35
Commercial and industrial		650		650		650		575		—
Construction		—		—		—		—		—
Subtotal		1,331		1,331		792		1,274		35
Total	$	11,572	$	11,544	$	792	$	11,812	$	168

Schedule of loans considered collateral dependent

The following table presents the amortized cost basis of collateral-dependent loans by class of loans (dollars in thousands):


	September 30, 2023
	Amortized Cost		Collateral Type
Commercial:
Real estate	$	10,695	Commercial Real Estate Property
Commercial and industrial		649	Business Assets
Construction		—
Residential mortgages		—
Home equity loans and lines		—
Consumer		—
	$	11,344

Schedule of loans by risk category

The following table presents loans summarized by segment and class, and the risk category (dollars in thousands):


													Revolving		Revolving
													Loans		Loans
		Term Loans Amortized Cost Basis by Origination Year											Amortized		Converted
September 30, 2023	2024		2023		2022		2021		2020		Prior		Cost Basis		to Term		Total
Commercial real estate
Risk Rating
Pass	$	468	$	44,802	$	49,698	$	24,593	$	53,478	$	181,310	$	2,583	$	—	$	356,932
Special mention		—		—		—		—		16,741		3,125		—		—		19,866
Substandard		—		—		—		—		2,949		29,000		571		—		32,520
Doubtful		—		—		—		—		—		118		—		—		118
Total commercial real estate	$	468	$	44,802	$	49,698	$	24,593	$	73,168	$	213,553	$	3,154	$	—	$	409,436

Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial and industrial
Risk Rating
Pass	$	4,169	$	8,372	$	6,210	$	3,689	$	5,296	$	9,811	$	52,726	$	—	$	90,273
Special mention		—		—		—		—		—		—		702		—		702
Substandard		—		—		1,290		178		1,882		3,242		172		—		6,764
Doubtful		—		—		—		—		—		352		297		—		649
Total commercial and industrial	$	4,169	$	8,372	$	7,500	$	3,867	$	7,178	$	13,405	$	53,897	$	—	$	98,388

Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial construction
Risk Rating
Pass	$	3,135	$	15,743	$	48,858	$	22,620	$	—	$	7,172	$	200	$	—	$	97,728
Special mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		633		—		—		633
Doubtful		—		—		—		—		—		—		—		—		—
Total commercial construction	$	3,135	$	15,743	$	48,858	$	22,620	$	—	$	7,805	$	200	$	—	$	98,361

Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Residential mortgages
Performing	$	33,041	$	214,643	$	44,711	$	59,631	$	38,261	$	119,198	$	112	$	—	$	509,597
Non-performing		—		724		563		—		609		2,530		—		—		4,426
Total residential mortgages	$	33,041	$	215,367	$	45,274	$	59,631	$	38,870	$	121,728	$	112	$	—	$	514,023

Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Home equity loans and lines of credit
Performing	$	2,590	$	7,343	$	10,268	$	3,906	$	1,465	$	15,726	$	46,666	$	—	$	87,964
Non-performing		—		—		—		—		17		481		1,003		—		1,501
Total home equity loans and lines of credit	$	2,590	$	7,343	$	10,268	$	3,906	$	1,482	$	16,207	$	47,669	$	—	$	89,465

Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	12	$	—	$	12

Consumer
Performing	$	738	$	1,787	$	164	$	132	$	65	$	3,270	$	8,733	$	—	$	14,889
Non-performing		—		—		4		—		5		—		2		—		11
Total consumer	$	738	$	1,787	$	168	$	132	$	70	$	3,270	$	8,735	$	—	$	14,900

Current period gross charge-offs	$	23	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	23

NET LOANS RECEIVABLE