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Reportable Segments (Tables) | 12 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables illustrate the Corporation’s operating segments for the fiscal years ended June 30, 2018, 2017 and 2016, respectively:
| For the Year Ended June 30, 2018
(In Thousands) | Provident Bank | Provident Bank Mortgage | Consolidated Totals
Net interest income | $ | 34,399 |  | $ | 1,901 |  | $ | 36,300 |
Recovery from the allowance for loan losses | (536 | ) | — |  | (536 | )
Net interest income, after recovery from the allowance for loan losses | 34,935 |  | 1,901 |  | 36,836 |
Non-interest income: |  |  |
Loan servicing and other fees | 509 |  | 1,066 |  | 1,575 |
Gain on sale of loans, net | 21 |  | 15,781 |  | 15,802 |
Deposit account fees | 2,119 |  | — |  | 2,119 |
Loss on sale and operations of real estate owned acquired in the settlement of loans, net | (86 | ) | — |  | (86 | )
Card and processing fees | 1,541 |  | — |  | 1,541 |
Other | 944 |  | — |  | 944 |
Total non-interest income | 5,048 |  | 16,847 |  | 21,895 |
Non-interest expense: |  |  |
Salaries and employee benefits | 18,146 |  | 16,675 |  | 34,821 |
Premises and occupancy | 3,381 |  | 1,753 |  | 5,134 |
Operating and administrative expenses(1) | 5,653 |  | 7,596 |  | 13,249 |
Total non-interest expense | 27,180 |  | 26,024 |  | 53,204 |
Income (loss) before taxes | 12,803 |  | (7,276 | ) | 5,527 |
Provision (benefit) for income taxes(2) | 6,005 |  | (2,609 | ) | 3,396 |
Net income (loss) | $ | 6,798 |  | $ | (4,667 | ) | $ | 2,131 |
Total assets, end of period | $ | 1,078,955 |  | $ | 96,594 |  | $ | 1,175,549 |
(1) Includes $1.3 million and $2.1 million of litigation settlement expenses for Provident Bank and Provident Bank Mortgage market segments, respectively. (2) Includes a net tax charge of $1.8 million resulting from the revaluation of net deferred tax assets consistent with the Tax Act for the Provident Bank market segment.
(In Thousands) | Year Ended June 30, 2017
Provident Bank | Provident Bank Mortgage | Consolidated Total
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(1) | 4,846 |  | 7,136 |  | 11,982 |
Total non-interest expenses | 26,719 |  | 32,066 |  | 58,785 |
Income (loss) before income 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 fiscal year | $ | 1,083,837 |  | $ | 116,796 |  | $ | 1,200,633 |
(1) Includes $1.2 million of litigation settlement expenses for the Provident Bank Mortgage market segment.
(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 |

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