XML 21 R25.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Loans Held For Investment (Tables) | 6 Months Ended
--- | ---
Dec. 31, 2014
Loans and Leases Receivable Disclosure [Abstract] |
Schedule of Loans Held for Investment | Loans held for investment consisted of the following:
(In Thousands) | December 31, 2014 | June 30, 2014
Mortgage loans: |  |
Single-family | $ | 377,262 |  | $ | 377,997 |
Multi-family | 322,302 |  | 301,211 |
Commercial real estate | 100,859 |  | 96,803 |
Construction | 4,378 |  | 2,869 |
Commercial business loans | 859 |  | 1,237 |
Consumer loans | 265 |  | 306 |
Total loans held for investment, gross | 805,925 |  | 780,423 |
Undisbursed loan funds | (2,281 | ) | (1,090 | )
Deferred loan costs, net | 2,832 |  | 2,552 |
Allowance for loan losses | (8,693 | ) | (9,744 | )
Total loans held for investment, net | $ | 797,783 |  | $ | 772,141 |
Schedule of Loans Held for Investment, Contractual Repricing |
| Adjustable Rate |  |
(In Thousands) | Within One Year | After One Year Through 3 Years | After 3 Years Through 5 Years | After 5 Years Through 10 Years | Fixed Rate | Total
Mortgage loans: |  |  |  |  |  |
Single-family | $ | 305,453 |  | $ | 19,393 |  | $ | 32,575 |  | $ | 4,233 |  | $ | 15,608 |  | $ | 377,262 |
Multi-family | 85,070 |  | 64,281 |  | 157,330 |  | 10,677 |  | 4,944 |  | 322,302 |
Commercial real estate | 28,238 |  | 11,143 |  | 50,560 |  | 1,336 |  | 9,582 |  | 100,859 |
Construction | 2,569 |  | — |  | — |  | — |  | 1,809 |  | 4,378 |
Commercial business loans | 388 |  | — |  | 122 |  | — |  | 349 |  | 859 |
Consumer loans | 255 |  | — |  | — |  | — |  | 10 |  | 265 |
Total loans held for investment, gross | $ | 421,973 |  | $ | 94,817 |  | $ | 240,587 |  | $ | 16,246 |  | $ | 32,302 |  | $ | 805,925 |
Schedule of Allowance for Loan Losses | The following table summarizes the Corporation’s allowance for loan losses at December 31, 2014 and June 30, 2014:
(In Thousands) | December 31, 2014 | June 30, 2014
Collectively evaluated for impairment: |  |
Mortgage loans: |  |
Single-family | $ | 4,483 |  | $ | 5,476 |
Multi-family | 2,998 |  | 3,142 |
Commercial real estate | 1,075 |  | 989 |
Construction | 17 |  | 35 |
Commercial business loans | 33 |  | 51 |
Consumer loans | 10 |  | 10 |
Total collectively evaluated allowance | 8,616 |  | 9,703 |
Individually evaluated for impairment: |  |
Mortgage loans: |  |
Single-family | 57 |  | — |
Commercial business loans | 20 |  | 41 |
Total individually evaluated allowance | 77 |  | 41 |
Total loan loss allowance | $ | 8,693 |  | $ | 9,744 |
The following table is provided to disclose additional details on the Corporation’s allowance for loan losses:
| For the Quarters Ended December 31, | For the Six Months Ended December 31,
(Dollars in Thousands) | 2014 | 2013 | 2014 | 2013
Allowance at beginning of period | $ | 8,888 |  | $ | 12,105 |  | $ | 9,744 |  | $ | 14,935 |
Recovery from the allowance for loan losses | (354 | ) | (898 | ) | (1,172 | ) | (1,840 | )
Recoveries: |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |
Single-family | 164 |  | 99 |  | 273 |  | 267 |
Multi-family | 93 |  | 8 |  | 164 |  | 19 |
Construction | — |  | 20 |  | — |  | 20 |
Consumer loans | — |  | — |  | 1 |  | 1 |
Total recoveries | 257 |  | 127 |  | 438 |  | 307 |
Charge-offs: |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |
Single-family | (98 | ) | (90 | ) | (317 | ) | (780 | )
Multi-family | — |  | (199 | ) | — |  | (1,577 | )
Consumer loans | — |  | (4 | ) | — |  | (4 | )
Total charge-offs | (98 | ) | (293 | ) | (317 | ) | (2,361 | )
Net recoveries (charge-offs) | 159 |  | (166 | ) | 121 |  | (2,054 | )
Balance at end of period | $ | 8,693 |  | $ | 11,041 |  | $ | 8,693 |  | $ | 11,041 |
Allowance for loan losses as a percentage of gross loans held for investment | 1.08 | % | 1.44 | % | 1.08 | % | 1.44 | %
Net (recoveries) charge-offs as a percentage of average loans receivable, net, during the period (annualized) | (0.07 | )% | 0.08 | % | (0.03 | )% | 0.46 | %
Allowance for loan losses as a percentage of gross non-performing loans at the end of the period | 73.88 | % | 57.17 | % | 73.88 | % | 57.17 | %
Schedule of Recorded Investment in Non-Performing Loans | The following tables identify the Corporation’s total recorded investment in non-performing loans by type, net of allowance for loan losses at December 31, 2014 and June 30, 2014:
(In Thousands) | December 31, 2014
Recorded Investment | Allowance for Loan Losses (1) | Net Investment
Mortgage loans: |  |  |
Single-family: |  |  |
With a related allowance | $ | 2,660 |  | $ | (514 | ) | $ | 2,146 |
Without a related allowance (2) | 5,207 |  | — |  | 5,207 |
Total single-family loans | 7,867 |  | (514 | ) | 7,353 |
Multi-family: |  |  |
With a related allowance | 264 |  | (79 | ) | 185 |
Without a related allowance (2) | 1,995 |  | — |  | 1,995 |
Total multi-family loans | 2,259 |  | (79 | ) | 2,180 |
Commercial real estate: |  |  |
Without a related allowance (2) | 1,520 |  | — |  | 1,520 |
Total commercial real estate loans | 1,520 |  | — |  | 1,520 |
Commercial business loans: |  |  |
With a related allowance | 120 |  | (22 | ) | 98 |
Total commercial business loans | 120 |  | (22 | ) | 98 |
Total non-performing loans | $ | 11,766 |  | $ | (615 | ) | $ | 11,151 |
(1) | Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan.
(2) | There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the individual loan balance.
(In Thousands) | June 30, 2014
Recorded Investment | Allowance for Loan Losses (1) | Net Investment
Mortgage loans: |  |  |
Single-family: |  |  |
With a related allowance | $ | 5,480 |  | $ | (1,148 | ) | $ | 4,332 |
Without a related allowance (2) | 6,067 |  | — |  | 6,067 |
Total single-family loans | 11,547 |  | (1,148 | ) | 10,399 |
Multi-family: |  |  |
With a related allowance | 956 |  | (354 | ) | 602 |
Without a related allowance (2) | 2,491 |  | — |  | 2,491 |
Total multi-family loans | 3,447 |  | (354 | ) | 3,093 |
Commercial real estate: |  |  |
Without a related allowance (2) | 2,352 |  | — |  | 2,352 |
Total commercial real estate loans | 2,352 |  | — |  | 2,352 |
Commercial business loans: |  |  |
With a related allowance | 138 |  | (46 | ) | 92 |
Total commercial business loans | 138 |  | (46 | ) | 92 |
Total non-performing loans | $ | 17,484 |  | $ | (1,548 | ) | $ | 15,936 |
(1) | Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan.
(2) | There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the individual loan balance.
Schedule of Aging Analysis of Non-Performing Loans | The following table describes the aging analysis (length of time on non-performing status) of non-performing loans, net of allowance for loan losses or charge offs, as of December 31, 2014:
(In Thousands) | 3 Months or Less | Over 3 to 6 Months | Over 6 to 12 Months | Over 12 Months | Total
Mortgage loans: |  |  |  |  |
Single-family | $ | 791 |  | $ | 22 |  | $ | 684 |  | $ | 5,856 |  | $ | 7,353 |
Multi-family | — |  | — |  | 404 |  | 1,776 |  | 2,180 |
Commercial real estate | — |  | — |  | 448 |  | 1,072 |  | 1,520 |
Commercial business loans | — |  | — |  | — |  | 98 |  | 98 |
Total | $ | 791 |  | $ | 22 |  | $ | 1,536 |  | $ | 8,802 |  | $ | 11,151 |
Schedule of Troubled Debt Restructurings by Nonaccrual Versus Accrual Status | The following table summarizes at the dates indicated the restructured loan balances, net of allowance for loan losses, by loan type and non-accrual versus accrual status:
(In Thousands) | December 31, 2014 | June 30, 2014
Restructured loans on non-accrual status: |  |
Mortgage loans: |  |
Single-family | $ | 2,792 |  | $ | 2,957 |
Multi-family | 1,591 |  | 1,760 |
Commercial real estate | 792 |  | 800 |
Commercial business loans | 98 |  | 92 |
Total | 5,273 |  | 5,609 |
Restructured loans on accrual status: |  |  |  |
Mortgage loans: |  |  |  |
Single-family | 687 |  | 343 |
Total | 687 |  | 343 |
Total restructured loans | $ | 5,960 |  | $ | 5,952 |
The following tables show the restructured loans by type, net of allowance for loan losses, at December 31, 2014 and June 30, 2014:
(In Thousands) | December 31, 2014
Recorded Investment | Allowance for Loan Losses (1) | Net Investment
Mortgage loans: |  |  |
Single-family: |  |  |
With a related allowance | $ | 751 |  | $ | (150 | ) | $ | 601 |
Without a related allowance (2) | 2,878 |  | — |  | 2,878 |
Total single-family loans | 3,629 |  | (150 | ) | 3,479 |
Multi-family: |  |  |
Without a related allowance (2) | 1,591 |  | — |  | 1,591 |
Total multi-family loans | 1,591 |  | — |  | 1,591 |
Commercial real estate: |  |  |
Without a related allowance (2) | 792 |  | — |  | 792 |
Total commercial real estate loans | 792 |  | — |  | 792 |
Commercial business loans: |  |  |
With a related allowance | 120 |  | (22 | ) | 98 |
Total commercial business loans | 120 |  | (22 | ) | 98 |
Total restructured loans | $ | 6,132 |  | $ | (172 | ) | $ | 5,960 |
(1) | Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan.
(2) | There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the individual loan balance.
(In Thousands) | June 30, 2014
Recorded Investment | Allowance for Loan Losses (1) | Net Investment
Mortgage loans: |  |  |
Single-family: |  |  |
With a related allowance | $ | 994 |  | $ | (248 | ) | $ | 746 |
Without a related allowance (2) | 2,554 |  | — |  | 2,554 |
Total single-family loans | 3,548 |  | (248 | ) | 3,300 |
Multi-family: |  |  |
Without a related allowance (2) | 1,760 |  | — |  | 1,760 |
Total multi-family loans | 1,760 |  | — |  | 1,760 |
Commercial real estate: |  |  |
Without a related allowance (2) | 800 |  | — |  | 800 |
Total commercial real estate loans | 800 |  | — |  | 800 |
Commercial business loans: |  |  |
With a related allowance | 138 |  | (46 | ) | 92 |
Total commercial business loans | 138 |  | (46 | ) | 92 |
Total restructured loans | $ | 6,246 |  | $ | (294 | ) | $ | 5,952 |
(1) | Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan.
(2) | There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the individual loan balance.

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | prov_ScheduleOfLoansHeldForInvestmentContractualRepricingTableTextBlock
Namespace Prefix: | prov_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5212-111524 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_LoansAndLeasesReceivableDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953401-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables and troubled debt restructurings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953682-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953676-111524 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration