Reportable Segments (Tables)

12 Months Ended

Jun. 30, 2015

The following tables illustrate the Corporation’s operating segments for the fiscal years ended June 30, 2015, 2014 and 2013, respectively:



	For the Year Ended June 30, 2015
(In Thousands)	Provident Bank			Provident Bank Mortgage			Consolidated Totals
Net interest income	$	28,105		$	5,170		$	33,275
Recovery from the allowance for loan losses	(1,287		)	(100		)	(1,387		)
Net interest income, after recovery from the allowance for loan losses	29,392			5,270			34,662

Non-interest income:
Loan servicing and other fees	361			724			1,085
Gain on sale of loans, net	36			34,174			34,210
Deposit account fees	2,412			—			2,412
Gain (loss) on sale and operations of real estate owned acquired in the settlement of loans, net	304			(22		)	282
Card and processing fees	1,406			—			1,406
Other	992			—			992
Total non-interest income	5,511			34,876			40,387

Non-interest expense:
Salaries and employee benefits	18,295			23,323			41,618
Premises and occupancy	2,944			1,722			4,666
Operating and administrative expenses	4,602			7,083			11,685
Total non-interest expense	25,841			32,128			57,969
Income before taxes	9,062			8,018			17,080
Provision for income taxes	3,906			3,371			7,277
Net income	$	5,156		$	4,647		$	9,803
Total assets, end of period	$	949,490		$	225,065		$	1,174,555



(In Thousands)	Year Ended June 30, 2014
	Provident Bank			Provident Bank Mortgage			Consolidated Total

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 expenses	22,308			31,860			54,168
Income (loss) before income 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 fiscal year	$	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