Reportable Segments (Tables)

12 Months Ended

Jun. 30, 2017

The following tables illustrate the Corporation’s operating segments for the fiscal years ended June 30, 2017, 2016 and 2015, respectively:



	For the Year Ended June 30, 2017
(In Thousands)	Provident Bank			Provident Bank Mortgage			Consolidated Totals
Net interest income	$	31,589		$	4,149		$	35,738
Recovery from the allowance for loan losses	(808		)	(234		)	(1,042		)
Net interest income, after recovery from the allowance for loan losses	32,397			4,383			36,780

Non-interest income:
Loan servicing and other fees	331			920			1,251
Gain on sale of loans, net	137			25,543			25,680
Deposit account fees	2,194			—			2,194
Loss on sale and operations of real estate owned acquired in the settlement of loans, net	(533		)	(24		)	(557		)
Card and processing fees	1,451			—			1,451
Other	802			—			802
Total non-interest income	4,382			26,439			30,821

Non-interest expense:
Salaries and employee benefits	18,622			23,120			41,742
Premises and occupancy	3,251			1,810			5,061
Operating and administrative expenses	4,846			7,136			11,982
Total non-interest expense	26,719			32,066			58,785
Income (loss) before taxes	10,060			(1,244		)	8,816
Provision (benefit) for income taxes	4,132			(523		)	3,609
Net income (loss)	$	5,928		$	(721	)	$	5,207
Total assets, end of period	$	1,083,837		$	116,796		$	1,200,633



(In Thousands)	Year Ended June 30, 2016
	Provident Bank			Provident Bank Mortgage			Consolidated Total

Net interest income	$	28,261		$	4,068		$	32,329
Recovery from the allowance for loan losses	(1,608		)	(107		)	(1,715		)
Net interest income, after recovery from the allowance for loan losses	29,869			4,175			34,044

Non-interest income:
Loan servicing and other fees	568			500			1,068
Gain on sale of loans, net	25			31,496			31,521
Deposit account fees	2,319			—			2,319
Loss on sale and operations of real estate owned acquired in the settlement of loans, net	(52		)	(43		)	(95		)
Card and processing fees	1,448			—			1,448
Other	800			—			800
Total non-interest income	5,108			31,953			37,061

Non-interest expense:
Salaries and employee benefits	18,165			24,444			42,609
Premises and occupancy	2,959			1,687			4,646
Operating and administrative expenses	4,710			6,294			11,004
Total non-interest expenses	25,834			32,425			58,259
Income before income taxes	9,143			3,703			12,846
Provision for income taxes	3,815			1,557			5,372
Net income	$	5,328		$	2,146		$	7,474
Total assets, end of fiscal year	$	981,720		$	189,661		$	1,171,381



(In Thousands)	Year Ended June 30, 2015
	Provident Bank			Provident Bank Mortgage			Consolidated Total

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 expenses	25,841			32,128			57,969
Income before income 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 fiscal year	$	949,490		$	225,065		$	1,174,555