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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Interest income:    
Loans receivable, net $ 10,174 $ 10,157
Investment securities 345 257
FHLB - San Francisco stock 143 141
Interest-earning deposits 338 190
Total interest income 11,000 10,745
Interest expense:    
Checking and money market deposits 108 103
Savings deposits 151 149
Time deposits 621 639
Borrowings 763 736
Total interest expense 1,643 1,627
Net interest income 9,357 9,118
(Recovery) provision for loan losses (237) 169
Net interest income, after (recovery) provision for loan losses 9,594 8,949
Non-interest income:    
Gain on sale of loans, net 3,132 [1] 4,847 [2]
Gain (loss) on sale and operations of real estate owned acquired in the settlement of loans, net 1 (40)
Other 189 243
Total non-interest income 4,549 6,352
Non-interest expense:    
Salaries and employee benefits 8,250 9,269
Premises and occupancy 1,345 1,314
Equipment 421 362
Professional expenses 447 520
Sales and marketing expenses 169 203
Deposit insurance premiums and regulatory assessments 165 184
Other [3] 907 3,882
Total non-interest expense 11,704 15,734
Income (loss) before income taxes 2,439 (433)
Provision (benefit) for income taxes 616 (208)
Net income (loss) $ 1,823 $ (225)
Basic earnings (loss) per share (in dollars per share) $ 0.25 $ (0.03)
Diluted earnings (loss) per share (in dollars per share) 0.24 (0.03)
Cash dividends per share (in dollars per share) $ 0.14 $ 0.14
Loan servicing and other fees    
Non-interest income:    
Revenue from loan servicing and other fees, deposit account fees & card and processing fees $ 324 [4] $ 363 [5]
Total non-interest income [6] 324 363
Deposit account fees    
Non-interest income:    
Revenue from loan servicing and other fees, deposit account fees & card and processing fees 505 558
Total non-interest income 519 567
Card and processing fees    
Non-interest income:    
Revenue from loan servicing and other fees, deposit account fees & card and processing fees $ 398 $ 381
[1] Includes an inter-company charge of $6 credited to PBM by the Bank during the period to compensate PBM for servicing fees on loans sold on a servicing retained basis.
[2] Includes an inter-company charge of $59 credited to PBM by the Bank during the period to compensate PBM for servicing fees on loans sold on a servicing retained basis.
[3] Includes $2.75 million of litigation settlement expense for the quarter ended September 30, 2017.
[4] Includes an inter-company charge of $168 credited to PBM by the Bank during the period to compensate PBM for originating loans held for investment.
[5] Includes an inter-company charge of $240 credited to PBM by the Bank during the period to compensate PBM for originating loans held for investment.
[6] Not in scope of ASC 606.