XML 44 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
Operating Segment Reports (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2017
USD ($)
segment
Dec. 31, 2016
USD ($)
Jun. 30, 2017
USD ($)
Number of operating segments | segment     2    
Net interest income $ 8,751 $ 9,085 $ 17,869 $ 18,173  
Recovery from the allowance for loan losses (11) (350) 158 (500)  
Net interest income, after (recovery) provision for loan losses 8,762 9,435 17,711 18,673  
Loan servicing and other fees 317 [1] 310 [2] 680 [3] 577 [4]  
(Loss) gain on sale of loans, net 4,317 [5] 6,478 [5] 9,164 [6] 14,474 [7]  
Deposit account fees 536 552 1,094 1,102  
Loss on sale and operations of real estate owned acquired in the settlement of loans, net (22) (63) (62) (166)  
Card and processing fees 373 361 754 725  
Other 220 194 463 372  
Total non-interest income 5,741 7,832 12,093 17,084  
Salaries and employee benefits 8,633 10,349 17,902 21,663  
Premises and occupancy 1,260 1,235 2,574 2,524  
Operating and administrative expenses 3,320 3,084 8,471 6,113  
Total non-interest expense 13,213 14,668 28,947 30,300  
Income before income taxes 1,290 2,599 857 5,457  
Provision for income taxes 2,067 1,095 1,859 2,359  
Net (loss) income (777) 1,504 (1,002) 3,098  
Total assets, end of period 1,162,131 1,192,155 1,162,131 1,192,155 $ 1,200,633
Litigation Settlement, Expense 650   3,400    
Income Tax Expense - DTA 1,800   1,800    
Loan Origination Fees          
Inter-company charge 99 128 339 223  
Loan Servicing Fees          
Inter-company charge 79 109 138 168  
Provident Bank Mortgage (PBM) [Member]          
Litigation Settlement, Expense 650        
Provident Bank          
Net interest income 8,217 7,821 16,767 15,396  
Recovery from the allowance for loan losses (11) (346) 158 (310)  
Net interest income, after (recovery) provision for loan losses 8,228 8,167 16,609 15,706  
Loan servicing and other fees 108 [1] 250 [2] 155 [3] 319 [4]  
(Loss) gain on sale of loans, net 22 [5] 37 [5] 22 [6] 38 [7]  
Deposit account fees 536 552 1,094 1,102  
Loss on sale and operations of real estate owned acquired in the settlement of loans, net (22) (58) (62) (163)  
Card and processing fees 373 361 754 725  
Other 220 194 463 372  
Total non-interest income 1,237 1,336 2,426 2,393  
Salaries and employee benefits 4,449 4,642 8,951 9,536  
Premises and occupancy 822 792 1,649 1,648  
Operating and administrative expenses 1,189 1,152 3,440 2,299  
Total non-interest expense 6,460 6,586 14,040 13,483  
Income before income taxes 3,005 2,917 4,995 4,616  
Provision for income taxes 2,532 1,228 3,343 2,005  
Net (loss) income 473 1,689 1,652 2,611  
Total assets, end of period 1,065,204 1,035,158 1,065,204 1,035,158  
Provident Bank Mortgage          
Net interest income 534 1,264 1,102 2,777  
Recovery from the allowance for loan losses 0 (4) 0 (190)  
Net interest income, after (recovery) provision for loan losses 534 1,268 1,102 2,967  
Loan servicing and other fees 209 [1] 60 [2] 525 [3] 258 [4]  
(Loss) gain on sale of loans, net 4,295 [5] 6,441 [5] 9,142 [6] 14,436 [7]  
Deposit account fees 0 0 0 0  
Loss on sale and operations of real estate owned acquired in the settlement of loans, net 0 (5) 0 (3)  
Card and processing fees 0 0 0 0  
Other 0 0 0 0  
Total non-interest income 4,504 6,496 9,667 14,691  
Salaries and employee benefits 4,184 5,707 8,951 12,127  
Premises and occupancy 438 443 925 876  
Operating and administrative expenses 2,131 1,932 5,031 3,814  
Total non-interest expense 6,753 8,082 14,907 16,817  
Income before income taxes (1,715) (318) (4,138) 841  
Provision for income taxes (465) (133) (1,484) 354  
Net (loss) income (1,250) (185) (2,654) 487  
Total assets, end of period $ 96,927 $ 156,997 96,927 $ 156,997  
Litigation Settlement, Expense     $ 2,100    
[1] Includes an inter-company charge of $99 credited to PBM by the Bank during the period to compensate PBM for originating loans held for investment.
[2] Includes an inter-company charge of $128 credited to PBM by the Bank during the period to compensate PBM for originating loans held for investment.
[3] For the Six Months Ended December 31, 2016(In Thousands)ProvidentBankProvidentBankMortgageConsolidatedTotalsNet interest income$15,396$2,777$18,173Recovery from the allowance for loan losses(310)(190)(500)Net interest income, after recovery from the allowance for loan losses15,7062,96718,673 Non-interest income: Loan servicing and other fees (1)319258577 Gain on sale of loans, net (2)3814,43614,474Deposit account fees1,102—1,102 Loss on sale and operations of real estate owned acquired in the settlement of loans, net(163)(3)(166)Card and processing fees725—725Other372—372Total non-interest income2,39314,69117,084 Non-interest expense: Salaries and employee benefits9,53612,12721,663Premises and occupancy1,6488762,524Operating and administrative expenses2,2993,8146,113Total non-interest expense13,48316,81730,300Income before income taxes4,6168415,457Provision for income taxes2,0053542,359Net income$2,611$487$3,098Total assets, end of period$1,035,158$156,997$1,192,155
[4] {F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOmEwMjc5YzkwODg4NjQ1ZTFiMjQ4Y2JhMjQzMDYyOWRifFRleHRTZWxlY3Rpb246QUM3NEIyNDQ2N0FBNUY1QkI5QjYyMzA1QUFDNzE1RTUM}
[5] Includes an inter-company charge of $79 credited to PBM by the Bank during the period to compensate PBM for servicing fees on loans sold on a servicing retained basis.
[6] For the Six Months Ended December 31, 2016(In Thousands)ProvidentBankProvidentBankMortgageConsolidatedTotalsNet interest income$15,396$2,777$18,173Recovery from the allowance for loan losses(310)(190)(500)Net interest income, after recovery from the allowance for loan losses15,7062,96718,673 Non-interest income: Loan servicing and other fees (1)319258577 Gain on sale of loans, net (2)3814,43614,474Deposit account fees1,102—1,102 Loss on sale and operations of real estate owned acquired in the settlement of loans, net(163)(3)(166)Card and processing fees725—725Other372—372Total non-interest income2,39314,69117,084 Non-interest expense: Salaries and employee benefits9,53612,12721,663Premises and occupancy1,6488762,524Operating and administrative expenses2,2993,8146,113Total non-interest expense13,48316,81730,300Income before income taxes4,6168415,457Provision for income taxes2,0053542,359Net income$2,611$487$3,098Total assets, end of period$1,035,158$156,997$1,192,155
[7] {F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOmEwMjc5YzkwODg4NjQ1ZTFiMjQ4Y2JhMjQzMDYyOWRifFRleHRTZWxlY3Rpb246OUExMDMwQzdFMDczNTA3Nzg4NzJGNTIxNDQ3RjdDQzgM}