Reportable Segments (Tables)

12 Months Ended

Jun. 30, 2014

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

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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