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Reportable Segments (Tables) | 12 Months Ended
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Jun. 30, 2014
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables illustrate the Corporation’s operating segments for the years ended June 30, 2014, 2013 and 2012, respectively:
| For the Year Ended June 30, 2014
(In Thousands) | Provident Bank | Provident Bank Mortgage | Consolidated Totals
Net interest income | $ | 26,734 |  | $ | 3,989 |  | $ | 30,723 |
Recovery from the allowance for loan losses | (3,080 | ) | (300 | ) | (3,380 | )
Net interest income, after recovery from the allowance for loan losses | 29,814 |  | 4,289 |  | 34,103 |
Non-interest income: |  |  |
Loan servicing and other fees | 504 |  | 573 |  | 1,077 |
Gain on sale of loans, net | 411 |  | 25,388 |  | 25,799 |
Deposit account fees | 2,469 |  | — |  | 2,469 |
Gain on sale and operations of real estate owned acquired in the settlement of loans, net | 15 |  | 3 |  | 18 |
Card and processing fees | 1,370 |  | — |  | 1,370 |
Other | 942 |  | — |  | 942 |
Total non-interest income | 5,711 |  | 25,964 |  | 31,675 |
Non-interest expense: |  |  |
Salaries and employee benefits | 15,435 |  | 22,609 |  | 38,044 |
Premises and occupancy | 2,601 |  | 1,867 |  | 4,468 |
Operating and administrative expenses | 4,272 |  | 7,384 |  | 11,656 |
Total non-interest expense | 22,308 |  | 31,860 |  | 54,168 |
Income (loss) before taxes | 13,217 |  | (1,607 | ) | 11,610 |
Provision (benefit) for income taxes | 5,629 |  | (625 | ) | 5,004 |
Net income (loss) | $ | 7,588 |  | $ | (982 | ) | $ | 6,606 |
Total assets, end of period | $ | 946,260 |  | $ | 159,369 |  | $ | 1,105,629 |
(In Thousands) | Year Ended June 30, 2013
Provident Bank | Provident Bank Mortgage | Consolidated Total
Net interest income | $ | 27,835 |  | $ | 5,522 |  | $ | 33,357 |
Recovery from the allowance for loan losses | (1,229 | ) | (270 | ) | (1,499 | )
Net interest income, after recovery from the allowance for loan losses | 29,064 |  | 5,792 |  | 34,856 |
Non-interest income: |  |  |
Loan servicing and other fees | 903 |  | 190 |  | 1,093 |
(Loss) gain on sale of loans, net | (84 | ) | 68,577 |  | 68,493 |
Deposit account fees | 2,449 |  | — |  | 2,449 |
Gain on sale and operations of real estate owned acquired in the settlement of loans, net | 703 |  | 213 |  | 916 |
Card and processing fees | 1,292 |  | — |  | 1,292 |
Other | 957 |  | — |  | 957 |
Total non-interest income | 6,220 |  | 68,980 |  | 75,200 |
Non-interest expense: |  |  |
Salaries and employee benefits | 17,745 |  | 32,705 |  | 50,450 |
Premises and occupancy | 2,705 |  | 1,727 |  | 4,432 |
Operating and administrative expenses | 4,636 |  | 7,825 |  | 12,461 |
Total non-interest expenses | 25,086 |  | 42,257 |  | 67,343 |
Income before income taxes | 10,198 |  | 32,515 |  | 42,713 |
Provision for income taxes | 3,245 |  | 13,671 |  | 16,916 |
Net income | $ | 6,953 |  | $ | 18,844 |  | $ | 25,797 |
Total assets, end of fiscal year | $ | 1,022,413 |  | $ | 188,628 |  | $ | 1,211,041 |
(In Thousands) | Year Ended June 30, 2012
Provident Bank | Provident Bank Mortgage | Consolidated Total
Net interest income | $ | 30,514 |  | $ | 6,216 |  | $ | 36,730 |
Provision (recovery) for loan losses | 5,932 |  | (155 | ) | 5,777 |
Net interest income, after provision (recovery) for loan losses | 24,582 |  | 6,371 |  | 30,953 |
Non-interest income: |  |  |
Loan servicing and other fees | 627 |  | 106 |  | 733 |
(Loss) gain on sale of loans, net | (1,057 | ) | 39,074 |  | 38,017 |
Deposit account fees | 2,438 |  | — |  | 2,438 |
(Loss) gain on sale and operations of real estate owned acquired in the settlement of loans, net | (191 | ) | 71 |  | (120 | )
Card and processing fees | 1,282 |  | — |  | 1,282 |
Other | 800 |  | — |  | 800 |
Total non-interest income | 3,899 |  | 39,251 |  | 43,150 |
Non-interest expense: |  |  |
Salaries and employee benefits | 15,756 |  | 23,527 |  | 39,283 |
Premises and occupancy | 2,449 |  | 1,314 |  | 3,763 |
Operating and administrative expenses | 4,903 |  | 7,416 |  | 12,319 |
Total non-interest expenses | 23,108 |  | 32,257 |  | 55,365 |
Income before income taxes | 5,373 |  | 13,365 |  | 18,738 |
Provision for income taxes | 2,309 |  | 5,619 |  | 7,928 |
Net income | $ | 3,064 |  | $ | 7,746 |  | $ | 10,810 |
Total assets, end of fiscal year | $ | 1,028,829 |  | $ | 232,088 |  | $ | 1,260,917 |

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