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Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Sep. 30, 2020

Categories of Loans

Classes of loans include:		September 30, 2020				June 30, 2020
Real estate loans:
One- to four-family, including home equity loans		$	125,574			$	128,876
Multi-family			106,886				96,195
Commercial			157,096				145,113
Home equity lines of credit			8,147				8,551
Construction			10,050				22,042
Commercial			109,182				107,581
Consumer			8,098				7,529
Total loans			525,033				515,887
Less:
Unearned fees and discounts, net			286				(164	)
Allowance for loan losses			6,506				6,234
Loans, net		$	518,241			$	509,817

Allowance for Loan Losses and Recorded Investment in Loans Based on Portfolio Segment and Impairment Method

The following tables present the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of the three-month periods ended September 30, 2020 and 2019 and the year ended June 30, 2020:

		Three Months Ended September 30, 2020 Real Estate Loans
		One- to Four-Family				Multi-Family				Commercial				Home Equity Lines of Credit
Allowance for loan losses:
Balance, beginning of period		$	1,044			$	1,514			$	1,706			$	87
Provision charged to expense			4				227				168				(5	)
Losses charged off			(15	)			—				—				—
Recoveries			—				—				—				—
Balance, end of period		$	1,033			$	1,741			$	1,874			$	82
Ending balance: individually evaluated for impairment		$	—			$	—			$	—			$	—
Ending balance: collectively evaluated for impairment		$	1,033			$	1,741			$	1,874			$	82
Loans:
Ending balance		$	125,574			$	106,886			$	157,096			$	8,147
Ending balance: individually evaluated for impairment		$	1,277			$	—			$	—			$	—
Ending balance: collectively evaluated for impairment		$	124,297			$	106,886			$	157,096			$	8,147
		Three Months Ended September 30, 2020 (Continued)
		Construction				Commercial				Consumer				Total
Allowance for loan losses:
Balance, beginning of period		$	240			$	1,583			$	60			$	6,234
Provision charged to expense			(155	)			61				15				315
Losses charged off			—				(29	)			(13	)			(57	)
Recoveries			—				9				5				14
Balance, end of period		$	85			$	1,624			$	67			$	6,506
Ending balance: individually evaluated for impairment		$	—			$	—			$	—			$	—
Ending balance: collectively evaluated for impairment		$	85			$	1,624			$	67			$	6,506
Loans:
Ending balance		$	10,050			$	109,182			$	8,098			$	525,033
Ending balance: individually evaluated for impairment		$	—			$	55			$	4			$	1,336
Ending balance: collectively evaluated for impairment		$	10,050			$	109,127			$	8,094			$	523,697
		Year Ended June 30, 2020 Real Estate Loans
		One- to Four-Family				Multi-Family				Commercial				Home Equity Lines of Credit
Allowance for loan losses:
Balance, beginning of year		$	1,031			$	1,642			$	1,623			$	89
Provision charged to expense			50				(128	)			83				(2	)
Losses charged off			(40	)			—				—				—
Recoveries			3				—				—				—
Balance, end of year		$	1,044			$	1,514			$	1,706			$	87
Ending balance: individually evaluated for impairment		$	—			$	—			$	—			$	—
Ending balance: collectively evaluated for impairment		$	1,044			$	1,514			$	1,706			$	87
Loans:
Ending balance		$	128,876			$	96,195			$	145,113			$	8,551
Ending balance: individually evaluated for impairment		$	1,336			$	—			$	—			$	15
Ending balance: collectively evaluated for impairment		$	127,540			$	96,195			$	145,113			$	8,536
		Year Ended June 30, 2020 (Continued)
		Construction				Commercial				Consumer				Total
Allowance for loan losses:
Balance, beginning of year		$	213			$	1,659			$	71			$	6,328
Provision charged to expense			27				84				14				128
Losses charged off			—				(191	)			(37	)			(268	)
Recoveries			—				31				12				46
Balance, end of year		$	240			$	1,583			$	60			$	6,234
Ending balance: individually evaluated for impairment		$	—			$	—			$	—			$	—
Ending balance: collectively evaluated for impairment		$	240			$	1,583			$	60			$	6,234
Loans:
Ending balance		$	22,042			$	107,581			$	7,529			$	515,887
Ending balance: individually evaluated for impairment		$	—			$	304			$	5			$	1,660
Ending balance: collectively evaluated for impairment		$	22,042			$	107,277			$	7,524			$	514,227
		Three Months Ended September 30, 2019 Real Estate Loans
		One- to Four-Family				Multi-Family				Commercial				Home Equity Lines of Credit
Allowance for loan losses:
Balance, beginning of year		$	1,031			$	1,642			$	1,623			$	89
Provision charged to expense			(44	)			(40	)			34				1
Losses charged off			—				—				—				—
Recoveries			3				—				—				—
Balance, end of year		$	990			$	1,602			$	1,657			$	90
Ending balance: individually evaluated for impairment		$	13			$	—			$	—			$	—
Ending balance: collectively evaluated for impairment		$	977			$	1,602			$	1,657			$	90
Loans:		$	126,152			$	105,548			$	146,500			$	8,897
Ending balance		$	1,702			$	—			$	16			$	19
Ending balance: individually evaluated for impairment		$	124,450			$	105,548			$	146,484			$	8,878
		Three Months Ended September 30, 2019 (Continued)
		Construction				Commercial				Consumer				Total
Allowance for loan losses:
Balance, beginning of year		$	213			$	1,659			$	71			$	6,328
Provision charged to expense			(9	)			(9	)			13				(54	)
Losses charged off			—				—				(15	)			(15	)
Recoveries			—				14				1				18
Balance, end of year		$	204			$	1,664			$	70			$	6,277
Ending balance: individually evaluated for impairment		$	—			$	—			$	6			$	19
Ending balance: collectively evaluated for impairment		$	204			$	1,664			$	64			$	6,258
Loans:
Ending balance		$	17,267			$	84,825			$	7,714			$	496,903
Ending balance: individually evaluated for impairment		$	—			$	55			$	21			$	1,813
Ending balance: collectively evaluated for impairment		$	17,267			$	84,770			$	7,693			$	495,090

Credit Risk Profile of Association's Loan Portfolio Based on Rating Category and Payment Activity

The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity:

		Real Estate Loans
		One- to Four- Family				Multi-Family				Commercial				Home Equity Lines of Credit				Construction				Commercial				Consumer				Total
September 30, 2020 :
Pass		$	124,265			$	106,617			$	155,866			$	8,147			$	10,050			$	107,581			$	8,094			$	520,620
Watch			724				—				991				—				—				1,524				—				3,239
Substandard			585				269				239				—				—				77				4				1,174
Doubtful			—				—				—				—				—				—				—				—
Loss			—				—				—				—				—				—				—				—
Total		$	125,574			$	106,886			$	157,096			$	8,147			$	10,050			$	109,182			$	8,098			$	525,033

		Real Estate Loans
		One- to Four- Family				Multi-Family				Commercial				Home Equity Lines of Credit				Construction				Commercial				Consumer				Total
June 30, 2020:
Pass		$	127,279			$	95,925			$	143,727			$	8,402			$	22,042			$	105,605			$	7,524			$	510,504
Watch			775				—				1,073				134				—				1,651				—				3,633
Substandard			822				270				313				15				—				81				5				1,506
Doubtful			—				—				—				—				—				244				—				244
Loss			—				—				—				—				—				—				—				—
Total		$	128,876			$	96,195			$	145,113			$	8,551			$	22,042			$	107,581			$	7,529			$	515,887

Association's Loan Portfolio Aging Analysis

The following tables present the Company’s loan portfolio aging analysis:

		30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days				Total Past Due				Current				Total Loans Receivable				Total Loans > 90 Days & Accruing
September 30, 2020:
Real estate loans:
One- to four-family		$	875			$	204			$	177			$	1,256			$	124,318			$	125,574			$	142
Multi-family			—				—				—				—				106,886				106,886				—
Commercial			258				27				—				285				156,811				157,096				—
Home equity lines of credit			—				—				—				—				8,147				8,147				—
Construction			—				—				—				—				10,050				10,050				—
Commercial			—				3				—				3				109,179				109,182				—
Consumer			19				25				—				44				8,054				8,098				—
Total		$	1,152			$	259			$	177			$	1,588			$	523,445			$	525,033			$	142
		30-59 Days Past Due				60-89 Days Past Due				Greater Than 90 Days				Total Past Due				Current				Total Loans Receivable				Total Loans > 90 Days & Accruing
June 30, 2020:
Real estate loans:
One- to four-family		$	1,034			$	225			$	385			$	1,644			$	127,232			$	128,876			$	304
Multi-family			—				—				—				—				96,195				96,195				—
Commercial			172				95				—				267				144,846				145,113				—
Home equity lines of credit			—				—				—				—				8,551				8,551				—
Construction			—				—				—				—				22,042				22,042				—
Commercial			—				4				244				248				107,333				107,581				—
Consumer			24				43				—				67				7,462				7,529				—
Total		$	1,230			$	367			$	629			$	2,226			$	513,661			$	515,887			$	304

Summary of Impaired Loans

The following tables present impaired loans:

														Three Months Ended September 30, 2020
		Recorded Balance				Unpaid Principal Balance				Specific Allowance				Average Investment in Impaired Loans				Interest Income Recognized				Interest on Cash Basis
September 30, 2020:
Loans without a specific valuation allowance
Real estate loans:
One- to four-family		$	1,277			$	1,277			$	—			$	1,283			$	19			$	17
Multi-family			—				—				—				—				—				—
Commercial			—				—				—				—				—				—
Home equity line of credit			—				—				—				—				—				—
Construction			—				—				—				—				—				—
Commercial			55				55				—				57				—				—
Consumer			4				4				—				5				—				—
Loans with a specific allowance
Real estate loans:
One- to four-family			—				—				—				—				—				—
Multi-family			—				—				—				—				—				—
Commercial			—				—				—				—				—				—
Home equity line of credit			—				—				—				—				—				—
Construction			—				—				—				—				—				—
Commercial			—				—				—				—				—				—
Consumer			—				—				—				—				—				—
Total:
Real estate loans:
One- to four-family			1,277				1,277				—				1,283				19				17
Multi-family			—				—				—				—				—				—
Commercial			—				—				—				—				—				—
Home equity line of credit			—				—				—				—				—				—
Construction			—				—				—				—				—				—
Commercial			55				55				—				57				—				—
Consumer			4				4				—				5				—				—
		$	1,336			$	1,336			$	—			$	1,345			$	19			$	17

														Year Ended June 30, 2020
		Recorded Balance				Unpaid Principal Balance				Specific Allowance				Average Investment in Impaired Loans				Interest Income Recognized				Interest on Cash Basis
June 30, 2020:
Loans without a specific valuation allowance
Real estate loans:
One- to four-family		$	1,336			$	1,336			$	—			$	1,388			$	61			$	62
Multi-family			—				—				—				—				—				—
Commercial			—				—				—				3				—				—
Home equity line of credit			15				15				—				18				—				—
Construction			—				—				—				—				—				—
Commercial			304				304				—				382				23				25
Consumer			5				5				—				9				—				—
Loans with a specific allowance
Real estate loans:
One- to four-family			—				—				—				—				—				—
Multi-family			—				—				—				—				—				—
Commercial			—				—				—				—				—				—
Home equity line of credit			—				—				—				—				—				—
Construction			—				—				—				—				—				—
Commercial			—				—				—				—				—				—
Consumer			—				—				—				—				—				—
Total:
Real estate loans:
One- to four-family			1,336				1,336				—				1,388				61				62
Multi-family			—				—				—				—				—				—
Commercial			—				—				—				3				—				—
Home equity line of credit			15				15				—				18				—				—
Construction			—				—				—				—				—				—
Commercial			304				304				—				382				23				25
Consumer			5				5				—				9				—				—
		$	1,660			$	1,660			$	—			$	1,800			$	84			$	87

														Three Months Ended September 30, 2019
		Recorded Balance				Unpaid Principal Balance				Specific Allowance				Average Investment in Impaired Loans				Interest Income Recognized				Interest on Cash Basis
September 30, 2019:
Loans without a specific valuation allowance
Real estate loans:
One- to four-family		$	1,656			$	1,656			$	—			$	1,666			$	15			$	15
Multi-family			—				—				—				—				—				—
Commercial			16				16				—				17				—				—
Home equity line of credit			19				19				—				20				—				—
Construction			—				—				—				—				—				—
Commercial			55				55				—				58				—				—
Consumer			15				15				—				17				—				—
Loans with a specific allowance
Real estate loans:
One- to four-family			46				46				13				46				—				—
Multi-family			—				—				—				—				—				—
Commercial			—				—				—				—				—				—
Home equity line of credit			—				—				—				—				—				—
Construction			—				—				—				—				—				—
Commercial			—				—				—				—				—				—
Consumer			6				6				6				7				—				—
Total:
Real estate loans:
One- to four-family			1,702				1,702				13				1,712				15				15
Multi-family			—				—				—				—				—				—
Commercial			16				16				—				17				—				—
Home equity line of credit			19				19				—				20				—				—
Construction			—				—				—				—				—				—
Commercial			55				55				—				58				—				—
Consumer			21				21				6				24				—				—
		$	1,813			$	1,813			$	19			$	1,831			$	15			$	15

Nonaccrual 1 [Member]

Nonaccrual Loans

The following table presents the Company’s nonaccrual loans at September 30, 2020 and June 30, 2020:

		September 30, 2020				June 30, 2020
Mortgages on real estate:
One- to four-family		$	35			$	81
Multi-family			—				—
Commercial			—				—
Home equity lines of credit			—				15
Construction loans			—				—
Commercial business loans			55				304
Consumer loans			4				5
Total		$	94			$	405

Nonaccrual 2 [Member]

Nonaccrual Loans

		September 30, 2020				June 30, 2020
Real estate loans
One- to four-family		$	1,243			$	1,256
Multi-family			—				—
Commercial			—				—
Home equity lines of credit			—				15
Total real estate loans			1,243				1,271
Construction loans			—				—
Commercial business loans			55				59
Consumer loans			—				—
Total		$	1,298			$	1,330

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