XML 51 R34.htm IDEA: XBRL DOCUMENT
v3.20.2

Mortgage Loan Servicing and Loans Originated for Sale (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2020
Mortgage Loan Servicing and Loans Originated for Sale |
Schedule of Mortgage Loans Serviced for Others | The following summarizes the unpaid principal balance of loans serviced for others by the Corporation at the dates indicated:
|  | At June 30,
(In Thousands) |  | 2020 |  | 2019
Loans serviced for Freddie Mac |  | $ | 14,210 |  | $ | 18,613
Loans serviced for Fannie Mae |  |  | 64,910 |  |  | 89,910
Loans serviced for FHLB – San Francisco |  |  | 7,385 |  |  | 9,724
Loans serviced for other investors |  |  | — |  |  | 1,989
Total loans serviced for others |  | $ | 86,505 |  | $ | 120,236
Schedule of Mortgage Servicing Assets | The following table summarizes the Corporation’s MSA for years ended June 30, 2020 and 2019:
|  | Year Ended June 30, |
(Dollars In Thousands) |  | 2020 |  | 2019 |
MSA balance, beginning of fiscal year |  | $ | 925 |  | $ | 998 |
Additions |  |  | — |  |  | 52 |
Amortization |  |  | (252) |  |  | (125) |
MSA balance, end of fiscal year, before allowance |  |  | 673 |  |  | 925 |
Allowance |  |  | (291) |  |  | (298) |
MSA balance, end of fiscal year |  | $ | 382 |  | $ | 627 |
Fair value, beginning of fiscal year |  | $ | 627 |  | $ | 1,015 |
Fair value, end of fiscal year |  | $ | 382 |  | $ | 627 |
Allowance, beginning of fiscal year |  | $ | 298 |  | $ | 82 |
Impairment (recovery) provision |  |  | (7) |  |  | 216 |
Allowance, end of fiscal year |  | $ | 291 |  | $ | 298 |
Key Assumptions: |  |  |  |  |  |  |
Weighted-average discount rate |  |  | 9.11 | % |  | 9.11 | %
Weighted-average prepayment speed |  |  | 26.07 | % |  | 23.86 | %
Schedule of Estimated Future Amortization of Mortgage Servicing Assets | The following table summarizes the estimated future amortization of MSA for the next five years and thereafter:
|  | Amount
Year Ending June 30, |  | (In Thousands)
2021 |  | $ | 129
2022 |  |  | 103
2023 |  |  | 74
2024 |  |  | 51
2025 |  |  | 35
Thereafter |  |  | 281
Total estimated amortization expense |  | $ | 673
Schedule of Mortgage Servicing Assets, Hypothetical Effect on Fair Value |
|  | Year Ended June 30, |
(Dollars In Thousands) |  | 2020 |  | 2019 |
MSA net carrying value |  | $ | 382 |  | $ | 627 |
CPR assumption (weighted-average) |  |  | 26.07 | % |  | 23.86 | %
Impact on fair value with 10% adverse change in prepayment speed |  | $ | (19) |  | $ | (30) |
Impact on fair value with 20% adverse change in prepayment speed |  | $ | (35) |  | $ | (58) |
Discount rate assumption (weighted-average) |  |  | 9.11 | % |  | 9.11 | %
Impact on fair value with 10% adverse change in discount rate |  | $ | (12) |  | $ | (20) |
Impact on fair value with 20% adverse change in discount rate |  | $ | (23) |  | $ | (40) |
Schedule of servicing assets sold |
|  | Year Ended June 30,
(In Thousands) |  | 2020 |  | 2019
Loans sold: |  |  |  |  |  |
Servicing – released |  | $ | — |  | $ | 551,754
Servicing – retained |  |  | — |  |  | 7,196
Total loans sold |  | $ | — |  | $ | 558,950

X
- Definition Schedule of Mortgage Loans Serviced for Others [Table Text Block] + References No definition available. + Details
Name: | prov_ScheduleOfMortgageLoansServicedForOthersTableTextBlock
Namespace Prefix: | prov_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Servicing Assets, Future Amortization Expense [Table Text Block] + References No definition available. + Details
Name: | prov_ScheduleOfServicingAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | prov_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Servicing Assets, Hypothetical Effect on Fair Value [Table Text Block] + References No definition available. + Details
Name: | prov_ScheduleOfServicingAssetsHypotheticalEffectOnFairValueTableTextBlock
Namespace Prefix: | prov_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Servicing Assets Sold Table Text Block. + References No definition available. + Details
Name: | prov_ScheduleOfServicingAssetsLoansSoldTableTextBlock
Namespace Prefix: | prov_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122739-111746 + Details
Name: | us-gaap_ScheduleOfServicingAssetsAtAmortizedValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TransfersAndServicingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration