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v3.22.4

LOANS (Tables) | 6 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Schedule Of Loans And Lease Receivable | A summary of the balances of loans follows:
(In thousands) |  | December 31, 2022 |  |  | June 30, 2022 |
Mortgage loans on real estate: |  |  |  |  |  |
Residential: |  |  |  |  |  |
1-4 family |  | $ | 140,898 |  |  | $ | 141,073 |
Multifamily |  |  | 13,239 |  |  |  | 14,310 |
Second mortgages and home equity lines of credit |  |  | 2,590 |  |  |  | 1,970 |
Construction |  |  | 600 |  |  |  | 375 |
Commercial |  |  | 21,077 |  |  |  | 14,761 |
Total mortgage loans on real estate |  |  | 178,404 |  |  |  | 172,489 |
Consumer loans: |  |  |  |  |  |
Consumer |  |  | 63 |  |  |  | 84 |
Home improvement |  |  | 2,232 |  |  |  | 2,116 |
Total other loans |  |  | 2,295 |  |  |  | 2,200 |
Total loans |  |  | 180,699 |  |  |  | 174,689 |
Allowance for loan losses |  |  | (1,747 | ) |  |  | (1,747 | )
Net deferred loan fees |  |  | (383 | ) |  |  | (349 | )
Loans, net |  | $ | 178,569 |  |  | $ | 172,593 |
Schedule Of Allowance For Loan Losses And Allocation Of The Allowance To Loan Segments | The following table presents activity in the allowance for loan losses by loan category for the three and six months ended December 31, 2022 and 2021.
(In thousands) |  | Residential Real Estate |  |  | Residential Real Estate Construction |  |  | Commercial Real Estate |  |  | Consumer |  |  | Unallocated |  |  | Total |
Balance at September 30, 2022 |  | $ | 1,213 |  |  | $ | 4 |  |  | $ | 266 |  |  | $ | 65 |  |  | $ | 199 |  |  | $ | 1,747 |
Provision (credit) for loan losses |  |  | (19 | ) |  |  | 2 |  |  |  | 93 |  |  |  | - |  |  |  | (76 | ) |  |  | - |
Loans charged-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Recoveries |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Balance at December 31, 2022 |  | $ | 1,194 |  |  | $ | 6 |  |  | $ | 359 |  |  | $ | 65 |  |  | $ | 123 |  |  | $ | 1,747 |
Balance at September 30, 2021 |  | $ | 1,225 |  |  | $ | - |  |  | $ | 275 |  |  | $ | 59 |  |  | $ | 178 |  |  | $ | 1,737 |
Provision (credit) for loan losses |  |  | 23 |  |  |  | - |  |  |  | (10 | ) |  |  | (1 | ) |  |  | (2 | ) |  |  | 10 |
Loans charged-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Recoveries |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Balance at December 31, 2021 |  | $ | 1,248 |  |  | $ | - |  |  | $ | 265 |  |  | $ | 58 |  |  | $ | 176 |  |  | $ | 1,747 |
Balance at June 30, 2022 |  | $ | 1,223 |  |  | $ | 3 |  |  | $ | 252 |  |  | $ | 61 |  |  | $ | 208 |  |  | $ | 1,747 |
Provision (credit) for loan losses |  |  | (29 | ) |  |  | 3 |  |  |  | 107 |  |  |  | 4 |  |  |  | (85 | ) |  |  | - |
Loans charged-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Recoveries |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Balance at December 31, 2022 |  | $ | 1,194 |  |  | $ | 6 |  |  | $ | 359 |  |  | $ | 65 |  |  | $ | 123 |  |  | $ | 1,747 |
Balance at June 30, 2021 |  | $ | 1,262 |  |  | $ | - |  |  | $ | 279 |  |  | $ | 58 |  |  | $ | 123 |  |  | $ | 1,722 |
Provision (credit) for loan losses |  |  | (14 | ) |  |  | - |  |  |  | (14 | ) |  |  | - |  |  |  | 53 |  |  |  | 25 |
Loans charged-off |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Recoveries |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Balance at December 31, 2021 |  | $ | 1,248 |  |  | $ | - |  |  | $ | 265 |  |  | $ | 58 |  |  | $ | 176 |  |  | $ | 1,747 |
The allocation of the allowance for loan losses to each category is presented as of December 31, 2022 and June 30, 2022.
(In thousands) |  | Residential Real Estate |  |  | Residential Real Estate Construction |  |  | Commercial Real Estate |  |  | Consumer |  |  | Unallocated |  |  | Total |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for impaired loans |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Allowance for non-impaired loans |  |  | 1,194 |  |  |  | 6 |  |  |  | 359 |  |  |  | 65 |  |  |  | 123 |  |  |  | 1,747 |
Total allowance for loan losses |  | $ | 1,194 |  |  | $ | 6 |  |  | $ | 359 |  |  | $ | 65 |  |  | $ | 123 |  |  | $ | 1,747 |
Impaired loans |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Non-impaired loans |  |  | 156,727 |  |  |  | 600 |  |  |  | 21,077 |  |  |  | 2,295 |  |  |  | - |  |  |  | 180,699 |
Total loans |  | $ | 156,727 |  |  | $ | 600 |  |  | $ | 21,077 |  |  | $ | 2,295 |  |  | $ | - |  |  | $ | 180,699 |
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for impaired loans |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Allowance for non-impaired loans |  |  | 1,223 |  |  |  | 3 |  |  |  | 252 |  |  |  | 61 |  |  |  | 208 |  |  |  | 1,747 |
Total allowance for loan losses |  | $ | 1,223 |  |  | $ | 3 |  |  | $ | 252 |  |  | $ | 61 |  |  | $ | 208 |  |  | $ | 1,747 |
Impaired loans |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Non-impaired loans |  |  | 157,353 |  |  |  | 375 |  |  |  | 14,761 |  |  |  | 2,200 |  |  |  | - |  |  |  | 174,689 |
Total loans |  | $ | 157,353 |  |  | $ | 375 |  |  | $ | 14,761 |  |  | $ | 2,200 |  |  | $ | - |  |  | $ | 174,689 |
Schedule Of Bank's Loans By Risk Ratings | The following table presents information on the Bank’s loans by risk ratings:
(In thousands) |  | Residential 1-4 Family |  |  | Multifamily |  |  | Second Mortgages and Home Equity Lines of Credit |  |  | Construction |  |  | Commercial Real Estate |  |  | Consumer |  |  | Home Improvement |  |  | Total |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 139,446 |  |  | $ | 13,239 |  |  | $ | 2,590 |  |  | $ | 600 |  |  | $ | 21,077 |  |  | $ | 63 |  |  | $ | 2,232 |  |  | $ | 179,247 |
Special mention |  |  | 1,452 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,452 |
Total loans |  | $ | 140,898 |  |  | $ | 13,239 |  |  | $ | 2,590 |  |  | $ | 600 |  |  | $ | 21,077 |  |  | $ | 63 |  |  | $ | 2,232 |  |  | $ | 180,699 |
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 141,073 |  |  | $ | 14,310 |  |  | $ | 1,970 |  |  | $ | 375 |  |  | $ | 14,761 |  |  | $ | 84 |  |  | $ | 2,116 |  |  | $ | 174,689 |
Total loans |  | $ | 141,073 |  |  | $ | 14,310 |  |  | $ | 1,970 |  |  | $ | 375 |  |  | $ | 14,761 |  |  | $ | 84 |  |  | $ | 2,116 |  |  | $ | 174,689 |

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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