XML 64 R39.htm IDEA: XBRL DOCUMENT v3.5.0.2

Income Taxes Income Taxes (Tables)

12 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes for the periods indicated consisted of the following:

(In Thousands)		Year Ended June 30,
		2016				2015				2014
Current:
	Federal	$	3,801			$	5,365			$	4,272
	State	1,354				1,877				1,773
		5,155				7,242				6,045
Deferred:
	Federal	183				17				(611		)
	State	34				18				(430		)
		217				35				(1,041		)
Provision for income taxes		$	5,372			$	7,277			$	5,004

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to net income before income taxes as a result of the following differences for the periods indicated:

		Year Ended June 30,
		2016						2015						2014
(In Thousands)		Amount				Tax Rate		Amount			Tax Rate			Amount			Tax Rate
Federal income tax at statutory rate		$	4,496			35.0	%	$	5,892			34.5	%	$	3,982			34.3	%
State income tax		902				7.0	%	1,239				7.3	%	813				7.0	%
Changes in taxes resulting from:
	Bank-owned life insurance	(65		)		(0.5	)%	(65		)		(0.4	)%	(65		)		(0.6	)%
	Non-deductible expenses	45				0.4	%	43				0.3	%	30				0.3	%
	Non-deductible stock-based compensation	(6		)		(0.1	)%	139				0.8	%	(22		)		(0.2	)%
	Other	—				—	%	29				0.1	%	266				2.3	%
Effective income tax		$	5,372			41.8	%	$	7,277			42.6	%	$	5,004			43.1	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets at June 30, 2016 and 2015 by jurisdiction were as follows:

(In Thousands)	June 30,
	2016				2015
Deferred taxes - federal	$	4,032			$	4,204
Deferred taxes - state	1,357				1,389
Total net deferred tax assets	$	5,389			$	5,593

Net deferred tax assets at June 30, 2016 and 2015 were comprised of the following:

(In Thousands)		June 30,
		2016				2015
Loss reserves		$	5,185			$	6,170
Non-accrued interest		635				701
Deferred compensation		3,535				3,229
Accrued vacation		385				318
Depreciation		41				—
State taxes		—				138
Unrealized loss on equity investment		—				42
Other		644				663
	Total deferred tax assets	10,425				11,261
FHLB - San Francisco stock cash dividends		(956		)		(956		)
Unrealized gain on derivative financial instruments, at fair value		(270		)		(1,115		)
Unrealized gain on investment securities		(207		)		(255		)
Unrealized gain on interest-only strips		(20		)		(26		)
Deferred loan costs		(3,555		)		(3,076		)
Depreciation		—				(240		)
State tax		(28		)		—
	Total deferred tax liabilities	(5,036		)		(5,668		)
	Net deferred tax assets	$	5,389			$	5,593

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended June 30, 2016, 2015 and 2014 is as follows:

(In Thousands)	2016				2015				2014
Balance of prior fiscal year end	$	1,961			$	1,961			$	1,961
Additions based on tax positions related to the current year	—				—				—
Addition for tax positions of prior years	—				—				—
Reduction for tax positions of prior years	—				—				—
Settlements	—				—				—
Balance at June 30	$	1,961			$	1,961			$	1,961

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=75116239&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration