XML 33 R23.htm IDEA: XBRL DOCUMENT v3.22.4
LOANS (Tables)
 6 Months Ended
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