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Operating Segment Reports (Tables) | 6 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Schedule of condensed consolidated statements of operations and total assets for operating segment |
|  | For the Quarter Ended December 31, 2018 |
(In Thousands) |  | Provident Bank |  |  | Provident Bank Mortgage |  |  | Consolidated Totals |
Net interest income |  | $ | 9,525 |  |  | $ | 306 |  |  | $ | 9,831 |
Recovery from the allowance for loan losses |  |  | (217 | ) |  |  | — |  |  |  | (217 | )
Net interest income, after recovery from the allowance for loan losses |  |  | 9,742 |  |  |  | 306 |  |  |  | 10,048 |
Non-interest income: |  |  |  |  |  |  |  |  |  |  |  |
Loan servicing and other fees (1) |  |  | (149 | ) |  |  | 426 |  |  |  | 277 |
Gain on sale of loans, net (2) |  |  | — |  |  |  | 2,263 |  |  |  | 2,263 |
Deposit account fees |  |  | 509 |  |  |  | — |  |  |  | 509 |
Loss on sale and operations of real estate owned acquired in the settlement of loans, net |  |  | (7 | ) |  |  | — |  |  |  | (7 | )
Card and processing fees |  |  | 392 |  |  |  | — |  |  |  | 392 |
Other |  |  | 161 |  |  |  | — |  |  |  | 161 |
Total non-interest income |  |  | 906 |  |  |  | 2,689 |  |  |  | 3,595 |
Non-interest expense: |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 4,300 |  |  |  | 2,911 |  |  |  | 7,211 |
Premises and occupancy |  |  | 897 |  |  |  | 377 |  |  |  | 1,274 |
Operating and administrative expenses |  |  | 1,067 |  |  |  | 1,323 |  |  |  | 2,390 |
Total non-interest expense |  |  | 6,264 |  |  |  | 4,611 |  |  |  | 10,875 |
Income (loss) before income taxes |  |  | 4,384 |  |  |  | (1,616 | ) |  |  | 2,768 |
Provision (benefit) for income taxes |  |  | 1,287 |  |  |  | (477 | ) |  |  | 810 |
Net income (loss) |  | $ | 3,097 |  |  | $ | (1,139 | ) |  | $ | 1,958 |
Total assets, end of period |  | $ | 1,069,379 |  |  | $ | 57,791 |  |  | $ | 1,127,170 |
(1) | Includes an inter-company charge of $258 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 $14 credited to PBM by the Bank during the period to compensate PBM for servicing fees on loans sold on a servicing retained basis.
|  | For the Quarter Ended December 31, 2017 |
(In Thousands) |  | Provident Bank |  |  | Provident Bank Mortgage |  |  | Consolidated Totals |
Net interest income |  | $ | 8,217 |  |  | $ | 534 |  |  | $ | 8,751 |
Recovery from the allowance for loan losses |  |  | (11 | ) |  |  | — |  |  |  | (11 | )
Net interest income, after recovery from the allowance for loan losses |  |  | 8,228 |  |  |  | 534 |  |  |  | 8,762 |
Non-interest income: |  |  |  |  |  |  |  |  |  |  |  |
Loan servicing and other fees (1) |  |  | 108 |  |  |  | 209 |  |  |  | 317 |
Gain on sale of loans, net (2) |  |  | 22 |  |  |  | 4,295 |  |  |  | 4,317 |
Deposit account fees |  |  | 536 |  |  |  | — |  |  |  | 536 |
Loss on sale and operations of real estate owned acquired in the settlement of loans, net |  |  | (22 | ) |  |  | — |  |  |  | (22 | )
Card and processing fees |  |  | 373 |  |  |  | — |  |  |  | 373 |
Other |  |  | 220 |  |  |  | — |  |  |  | 220 |
Total non-interest income |  |  | 1,237 |  |  |  | 4,504 |  |  |  | 5,741 |
Non-interest expense: |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 4,449 |  |  |  | 4,184 |  |  |  | 8,633 |
Premises and occupancy |  |  | 822 |  |  |  | 438 |  |  |  | 1,260 |
Operating and administrative expenses (3) |  |  | 1,189 |  |  |  | 2,131 |  |  |  | 3,320 |
Total non-interest expense |  |  | 6,460 |  |  |  | 6,753 |  |  |  | 13,213 |
Income (loss) before income taxes |  |  | 3,005 |  |  |  | (1,715 | ) |  |  | 1,290 |
Provision (benefit) for income taxes (4) |  |  | 2,532 |  |  |  | (465 | ) |  |  | 2,067 |
Net income (loss) |  | $ | 473 |  |  | $ | (1,250 | ) |  | $ | (777 | )
Total assets, end of period |  | $ | 1,065,204 |  |  | $ | 96,927 |  |  | $ | 1,162,131 |
(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 $79 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 $650,000 of litigation settlement expense for the second quarter of fiscal 2018, all of which was allocated to PBM.
(4) | Includes a net tax charge of $1.8 million resulting from the revaluation of net deferred tax assets consistent with the Tax Cuts and Jobs Act for the quarter ended December 31, 2017.
|  | For the Six Months Ended December 31, 2018
(In Thousands) |  | Provident Bank |  |  | Provident Bank Mortgage |  |  | Consolidated Totals |
Net interest income |  | $ | 18,525 |  |  | $ | 663 |  |  | $ | 19,188 |
(Recovery) provision for loan losses |  |  | (549 | ) |  |  | 95 |  |  |  | (454 | )
Net interest income, after (recovery) provision for loan losses |  |  | 19,074 |  |  |  | 568 |  |  |  | 19,642 |
Non-interest income: |  |  |  |  |  |  |  |  |  |  |  |
Loan servicing and other fees (1) |  |  | (16 | ) |  |  | 617 |  |  |  | 601 |
Gain on sale of loans, net (2) |  |  | 34 |  |  |  | 5,361 |  |  |  | 5,395 |
Deposit account fees |  |  | 1,014 |  |  |  | — |  |  |  | 1,014 |
Loss on sale and operations of real estate owned acquired in the settlement of loans, net |  |  | (6 | ) |  |  | — |  |  |  | (6 | )
Card and processing fees |  |  | 790 |  |  |  | — |  |  |  | 790 |
Other |  |  | 350 |  |  |  | — |  |  |  | 350 |
Total non-interest income |  |  | 2,166 |  |  |  | 5,978 |  |  |  | 8,144 |
Non-interest expense: |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 9,136 |  |  |  | 6,325 |  |  |  | 15,461 |
Premises and occupancy |  |  | 1,805 |  |  |  | 814 |  |  |  | 2,619 |
Operating and administrative expenses |  |  | 1,993 |  |  |  | 2,506 |  |  |  | 4,499 |
Total non-interest expense |  |  | 12,934 |  |  |  | 9,645 |  |  |  | 22,579 |
Income (loss) before income taxes |  |  | 8,306 |  |  |  | (3,099 | ) |  |  | 5,207 |
Provision (benefit) for income taxes |  |  | 2,342 |  |  |  | (916 | ) |  |  | 1,426 |
Net income (loss) |  | $ | 5,964 |  |  | $ | (2,183 | ) |  | $ | 3,781 |
Total assets, end of period |  | $ | 1,069,379 |  |  | $ | 57,791 |  |  | $ | 1,127,170 |
(1) | Includes an inter-company charge of $426 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 $20 credited to PBM by the Bank during the period to compensate PBM for servicing fees on loans sold on a servicing retained basis.
|  | For the Six Months Ended December 31, 2017
(In Thousands) |  | Provident Bank |  |  | Provident Bank Mortgage |  |  | Consolidated Totals |
Net interest income |  | $ | 16,767 |  |  | $ | 1,102 |  |  | $ | 17,869 |
Provision for loan losses |  |  | 158 |  |  |  | — |  |  |  | 158 |
Net interest income, after provision for loan losses |  |  | 16,609 |  |  |  | 1,102 |  |  |  | 17,711 |
Non-interest income: |  |  |  |  |  |  |  |  |  |  |  |
Loan servicing and other fees (1) |  |  | 155 |  |  |  | 525 |  |  |  | 680 |
Gain on sale of loans, net (2) |  |  | 22 |  |  |  | 9,142 |  |  |  | 9,164 |
Deposit account fees |  |  | 1,094 |  |  |  | — |  |  |  | 1,094 |
Loss on sale and operations of real estate owned acquired in the settlement of loans, net |  |  | (62 | ) |  |  | — |  |  |  | (62 | )
Card and processing fees |  |  | 754 |  |  |  | — |  |  |  | 754 |
Other |  |  | 463 |  |  |  | — |  |  |  | 463 |
Total non-interest income |  |  | 2,426 |  |  |  | 9,667 |  |  |  | 12,093 |
Non-interest expense: |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 8,951 |  |  |  | 8,951 |  |  |  | 17,902 |
Premises and occupancy |  |  | 1,649 |  |  |  | 925 |  |  |  | 2,574 |
Operating and administrative expenses (3) |  |  | 3,440 |  |  |  | 5,031 |  |  |  | 8,471 |
Total non-interest expense |  |  | 14,040 |  |  |  | 14,907 |  |  |  | 28,947 |
Income (loss) before income taxes |  |  | 4,995 |  |  |  | (4,138 | ) |  |  | 857 |
Provision (benefit) for income taxes (4) |  |  | 3,343 |  |  |  | (1,484 | ) |  |  | 1,859 |
Net income (loss) |  | $ | 1,652 |  |  | $ | (2,654 | ) |  | $ | (1,002 | )
Total assets, end of period |  | $ | 1,065,204 |  |  | $ | 96,927 |  |  | $ | 1,162,131 |
(1) | Includes an inter-company charge of $339 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 $138 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 $3.4 million of litigation settlement expense for the first six months of fiscal 2018, of which $2.1 million was allocated to PBM.
(4) | Includes a net tax charge of $1.8 million resulting from the revaluation of net deferred tax assets consistent with the Tax Cuts and Jobs Act for the six months ended December 31, 2017.

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