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Loans and Allowance for Loan Losses (Tables) | 6 Months Ended
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Dec. 31, 2022
Categories of Loans | Classes of loans include:
|  | December 31, 2022 |  |  | June 30, 2022 |
Real estate loans: |  |  |  |  |  |  |  |
One- to four-family, including home equity loans |  | $ | 150,711 |  |  | $ | 132,474 |
Multi-family |  |  | 100,147 |  |  |  | 88,247 |
Commercial |  |  | 192,015 |  |  |  | 167,375 |
Home equity lines of credit |  |  | 6,926 |  |  |  | 6,987 |
Construction |  |  | 36,595 |  |  |  | 41,254 |
Commercial |  |  | 72,360 |  |  |  | 80,418 |
Consumer |  |  | 9,486 |  |  |  | 8,981 |
Total loans |  |  | 568,240 |  |  |  | 525,736 |
Less: |  |  |  |  |  |  |  |
Unearned fees and discounts, net |  |  | (201 | ) |  |  | (247 | )
Allowance for loan losses |  |  | 7,166 |  |  |  | 7,052 |
Loans, net |  | $ | 561,275 |  |  | $ | 518,931 |
Allowance for Credit Losses and Recorded Investment in Loans Based on Portfolio Segment and Impairment Method | Allowance for Credit Losses The following tables present the activity in the allowance for credit losses and the recorded investment in loans based on portfolio segment as of December 31, 2022 and June 30, 2022, and activity in the allowance for credit losses and allowance for loan losses for the three-month and six-month periods ended December 31, 2022 and 2021 and the year ended June 30, 2022:
|  | Three Months Ended December 31, 2022 |
|  | Real Estate Loans |
|  | One-to Four-Family |  |  | Multi-Family |  |  | Commercial |  |  | Home Equity Lines of Credit |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 1,537 |  |  | $ | 1,284 |  |  | $ | 2,386 |  |  | $ | 94 |
Provision charged to expense |  |  | 185 |  |  |  | 118 |  |  |  | 6 |  |  |  | 7 |
Losses charged off |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance, end of period |  | $ | 1,722 |  |  | $ | 1,402 |  |  | $ | 2,392 |  |  | $ | 101 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 150,711 |  |  | $ | 100,147 |  |  | $ | 192,015 |  |  | $ | 6,926 |
|  | Three Months Ended December 31, 2022 (Continued) |
|  | Construction |  |  | Commercial |  |  | Consumer |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 549 |  |  | $ | 1,090 |  |  | $ | 83 |  |  | $ | 7,023 |
Provision charged to expense |  |  | 36 |  |  |  | (227 | ) |  |  | 17 |  |  |  | 142 |
Losses charged off |  |  | — |  |  |  | — |  |  |  | (9 | ) |  |  | (9 | )
Recoveries |  |  | — |  |  |  | 8 |  |  |  | 2 |  |  |  | 10 |
Balance, end of period |  | $ | 585 |  |  | $ | 871 |  |  | $ | 93 |  |  | $ | 7,166 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 36,595 |  |  | $ | 72,360 |  |  | $ | 9,486 |  |  | $ | 568,240 |
|  | Six Months Ended December 31, 2022 |
|  | Real Estate Loans |
|  | One-to Four-Family |  |  | Multi-Family |  |  | Commercial |  |  | Home Equity Lines of Credit |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period (prior to adoption of ASU 2016-13) |  | $ | 1,028 |  |  | $ | 1,375 |  |  | $ | 1,985 |  |  | $ | 70 |
Impact of adopting ASU 2016-13 |  |  | 382 |  |  |  | (140 | ) |  |  | 385 |  |  |  | 33 |
Provision charged to expense |  |  | 311 |  |  |  | 167 |  |  |  | 22 |  |  |  | (2 | )
Losses charged off |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |
Balance, end of period |  | $ | 1,722 |  |  | $ | 1,402 |  |  | $ | 2,392 |  |  | $ | 101 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 150,711 |  |  | $ | 100,147 |  |  | $ | 192,015 |  |  | $ | 6,926 |
|  | Six Months Ended December 31, 2022 (Continued) |
|  | Construction |  |  | Commercial |  |  | Consumer |  |  | Total |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period (prior to adoption of ASU 2016-13) |  | $ | 489 |  |  | $ | 2,025 |  |  | $ | 80 |  |  | $ | 7,052 |
Impact of adopting ASU 2016-13 |  |  | 192 |  |  |  | (818 | ) |  |  | 13 |  |  |  | 47 |
Provision charged to expense |  |  | (96 | ) |  |  | (344 | ) |  |  | 17 |  |  |  | 75 |
Losses charged off |  |  | — |  |  |  | (4 | ) |  |  | (21 | ) |  |  | (25 | )
Recoveries |  |  | — |  |  |  | 12 |  |  |  | 4 |  |  |  | 17 |
Balance, end of period |  | $ | 585 |  |  | $ | 871 |  |  | $ | 93 |  |  | $ | 7,166 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 36,595 |  |  | $ | 72,360 |  |  | $ | 9,486 |  |  | $ | 568,240 |
|  | Year Ended June 30, 2022 Real Estate Loans |
|  | One-to Four-Family |  |  | Multi-Family |  |  | Commercial |  |  | Home Equity Lines of Credit |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of year |  | $ | 967 |  |  | $ | 1,674 |  |  | $ | 1,831 |  |  | $ | 67 |
Provision charged to expense |  |  | 100 |  |  |  | (299 | ) |  |  | 154 |  |  |  | 3 |
Losses charged off |  |  | (40 | ) |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |
Balance, end of year |  | $ | 1,028 |  |  | $ | 1,375 |  |  | $ | 1,985 |  |  | $ | 70 |
Ending balance: individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Ending balance: collectively evaluated for impairment |  | $ | 1,028 |  |  | $ | 1,375 |  |  | $ | 1,985 |  |  | $ | 70 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 132,474 |  |  | $ | 88,247 |  |  | $ | 167,375 |  |  | $ | 6,987 |
Ending balance: individually evaluated for impairment |  | $ | 1,350 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Ending balance: collectively evaluated for impairment |  | $ | 131,124 |  |  | $ | 88,247 |  |  | $ | 167,375 |  |  | $ | 6,987 |
|  | Year Ended June 30, 2022 (Continued) |
|  | Construction |  |  | Commercial |  |  | Consumer |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of year |  | $ | 258 |  |  | $ | 1,740 |  |  | $ | 62 |  |  | $ | 6,599 |
Provision charged to expense |  |  | 231 |  |  |  | 265 |  |  |  | 38 |  |  |  | 492 |
Losses charged off |  |  | — |  |  |  | — |  |  |  | (27 | ) |  |  | (67 | )
Recoveries |  |  | — |  |  |  | 20 |  |  |  | 7 |  |  |  | 28 |
Balance, end of year |  | $ | 489 |  |  | $ | 2,025 |  |  | $ | 80 |  |  | $ | 7,052 |
Ending balance: individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Ending balance: collectively evaluated for impairment |  | $ | 489 |  |  | $ | 2,025 |  |  | $ | 80 |  |  | $ | 7,052 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 41,254 |  |  | $ | 80,418 |  |  | $ | 8,981 |  |  | $ | 525,736 |
Ending balance: individually evaluated for impairment |  | $ | — |  |  | $ | 35 |  |  | $ | — |  |  | $ | 1,385 |
Ending balance: collectively evaluated for impairment |  | $ | 41,254 |  |  | $ | 80,383 |  |  | $ | 8,981 |  |  | $ | 524,351 |
|  | Three Months Ended December 31, 2021 |
|  | Real Estate Loans |
|  | One-to Four-Family |  |  | Multi-Family |  |  | Commercial |  |  | Home Equity Lines of Credit |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 974 |  |  | $ | 1,562 |  |  | $ | 1,916 |  |  | $ | 63 |
Provision charged to expense |  |  | 108 |  |  |  | (162 | ) |  |  | 46 |  |  |  | (1 | )
Losses charged off |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance, end of period |  | $ | 1,082 |  |  | $ | 1,400 |  |  | $ | 1,962 |  |  | $ | 62 |
Ending balance: individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Ending balance: collectively evaluated for impairment |  | $ | 1,082 |  |  | $ | 1,400 |  |  | $ | 1,962 |  |  | $ | 62 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 125,406 |  |  | $ | 86,790 |  |  | $ | 164,879 |  |  | $ | 6,168 |
Ending balance: individually evaluated for impairment |  | $ | 1,083 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Ending balance: collectively evaluated for impairment |  | $ | 124,323 |  |  | $ | 86,790 |  |  | $ | 164,879 |  |  | $ | 6,168 |
|  | Three Months Ended December 31, 2021 (Continued) |
|  | Construction |  |  | Commercial |  |  | Consumer |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 321 |  |  | $ | 1,571 |  |  | $ | 63 |  |  | $ | 6,470 |
Provision charged to expense |  |  | (22 | ) |  |  | (57 | ) |  |  | 12 |  |  |  | (76 | )
Losses charged off |  |  | — |  |  |  | — |  |  |  | (8 | ) |  |  | (8 | )
Recoveries |  |  | — |  |  |  | 7 |  |  |  | 2 |  |  |  | 9 |
Balance, end of period |  | $ | 299 |  |  | $ | 1,521 |  |  | $ | 69 |  |  | $ | 6,395 |
Ending balance: individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Ending balance: collectively evaluated for impairment |  | $ | 299 |  |  | $ | 1,521 |  |  | $ | 69 |  |  | $ | 6,395 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 26,474 |  |  | $ | 80,403 |  |  | $ | 7,991 |  |  | $ | 498,111 |
Ending balance: individually evaluated for impairment |  | $ | — |  |  | $ | 41 |  |  | $ | 12 |  |  | $ | 1,136 |
Ending balance: collectively evaluated for impairment |  | $ | 26,474 |  |  | $ | 80,362 |  |  | $ | 7,979 |  |  | $ | 496,975 |
|  | Six Months Ended December 31, 2021 |
|  | Real Estate Loans |
|  | One-to Four-Family |  |  | Multi-Family |  |  | Commercial |  |  | Home Equity Lines of Credit |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 967 |  |  | $ | 1,674 |  |  | $ | 1,831 |  |  | $ | 67 |
Provision charged to expense |  |  | 114 |  |  |  | (274 | ) |  |  | 131 |  |  |  | (5 | )
Losses charged off |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |
Balance, end of period |  | $ | 1,082 |  |  | $ | 1,400 |  |  | $ | 1,962 |  |  | $ | 62 |
Ending balance: individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Ending balance: collectively evaluated for impairment |  | $ | 1,082 |  |  | $ | 1,400 |  |  | $ | 1,962 |  |  | $ | 62 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 125,406 |  |  | $ | 86,790 |  |  | $ | 164,879 |  |  | $ | 6,168 |
Ending balance: individually evaluated for impairment |  | $ | 1,083 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Ending balance: collectively evaluated for impairment |  | $ | 124,323 |  |  | $ | 86,790 |  |  | $ | 164,879 |  |  | $ | 6,168 |
|  | Six Months Ended December 31, 2021 (Continued) |
|  | Construction |  |  | Commercial |  |  | Consumer |  |  | Total |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 258 |  |  | $ | 1,740 |  |  | $ | 62 |  |  | $ | 6,599 |
Provision charged to expense |  |  | 41 |  |  |  | (231 | ) |  |  | 21 |  |  |  | (203 | )
Losses charged off |  |  | — |  |  |  | — |  |  |  | (18 | ) |  |  | (18 | )
Recoveries |  |  | — |  |  |  | 12 |  |  |  | 4 |  |  |  | 17 |
Balance, end of period |  | $ | 299 |  |  | $ | 1,521 |  |  | $ | 69 |  |  | $ | 6,395 |
Ending balance: individually evaluated for impairment |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Ending balance: collectively evaluated for impairment |  | $ | 299 |  |  | $ | 1,521 |  |  | $ | 69 |  |  | $ | 6,395 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 26,474 |  |  | $ | 80,403 |  |  | $ | 7,991 |  |  | $ | 498,111 |
Ending balance: individually evaluated for impairment |  | $ | — |  |  | $ | 41 |  |  | $ | 12 |  |  | $ | 1,136 |
Ending balance: collectively evaluated for impairment |  | $ | 26,474 |  |  | $ | 80,362 |  |  | $ | 7,979 |  |  | $ | 496,975 |
Credit Risk Profile of Association's Loan Portfolio Based on Risk Rating Category and Year of Origination | The following tables present the credit risk profile of the Company’s loan portfolio based on risk rating category and year of origination as of December 31, 2022 and the risk rating category and class of loan as of June 30, 2022 (in thousands):
Risk Rating |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2019 |  |  | 2018 |  |  | Prior Years |  |  | Total |
One- to Four-Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 56,939 |  |  | $ | 31,118 |  |  | $ | 19,034 |  |  | $ | 6,418 |  |  | $ | 9,056 |  |  | $ | 27,276 |  |  | $ | 149,841 |
Special Mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 343 |  |  |  | — |  |  |  | 343 |
Substandard |  |  | 7 |  |  |  | 103 |  |  |  | 62 |  |  |  | 330 |  |  |  | — |  |  |  | 25 |  |  |  | 527 |
Total |  | $ | 56,946 |  |  | $ | 31,221 |  |  | $ | 19,096 |  |  | $ | 6,748 |  |  | $ | 9,399 |  |  | $ | 27,301 |  |  | $ | 150,711 |
Multi-Family |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 38,276 |  |  | $ | 10,879 |  |  | $ | 14,848 |  |  | $ | 9,008 |  |  | $ | 3,233 |  |  | $ | 23,654 |  |  | $ | 99,898 |
Special Mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 249 |  |  |  | — |  |  |  | — |  |  |  | 249 |
Total |  | $ | 38,276 |  |  | $ | 10,879 |  |  | $ | 14,848 |  |  | $ | 9,257 |  |  | $ | 3,233 |  |  | $ | 23,654 |  |  | $ | 100,147 |
Commercial Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 66,609 |  |  | $ | 31,172 |  |  | $ | 33,044 |  |  | $ | 6,064 |  |  | $ | 19,839 |  |  | $ | 32,368 |  |  | $ | 189,096 |
Special Mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard |  |  | — |  |  |  | — |  |  |  | 883 |  |  |  | 83 |  |  |  | — |  |  |  | 1,953 |  |  |  | 2,919 |
Total |  | $ | 66,609 |  |  | $ | 31,172 |  |  | $ | 33,927 |  |  | $ | 6,147 |  |  | $ | 19,839 |  |  | $ | 34,321 |  |  | $ | 192,015 |
Home Equity Line of Credit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 2,215 |  |  | $ | 1,378 |  |  | $ | 842 |  |  | $ | 834 |  |  | $ | 540 |  |  | $ | 1,117 |  |  | $ | 6,926 |
Special Mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 2,215 |  |  | $ | 1,378 |  |  | $ | 842 |  |  | $ | 834 |  |  | $ | 540 |  |  | $ | 1,117 |  |  | $ | 6,926 |
Construction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 19,491 |  |  | $ | 10,351 |  |  | $ | 6,753 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 36,595 |
Special Mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 19,491 |  |  | $ | 10,351 |  |  | $ | 6,753 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 36,595 |
Commercial Business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 18,779 |  |  | $ | 18,672 |  |  | $ | 12,010 |  |  | $ | 8,585 |  |  | $ | 1,992 |  |  | $ | 7,894 |  |  | $ | 67,932 |
Special Mention |  |  | — |  |  |  | — |  |  |  | 30 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 30 |
Substandard |  |  | — |  |  |  | — |  |  |  | 1,142 |  |  |  | 60 |  |  |  | 3,192 |  |  |  | 4 |  |  |  | 4,398 |
Total |  | $ | 18,779 |  |  | $ | 18,672 |  |  | $ | 13,182 |  |  | $ | 8,645 |  |  | $ | 5,184 |  |  | $ | 7,898 |  |  | $ | 72,360 |
Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 5,355 |  |  | $ | 2,287 |  |  | $ | 1,245 |  |  | $ | 409 |  |  | $ | 136 |  |  | $ | 46 |  |  | $ | 9,478 |
Special Mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8 |  |  |  | — |  |  |  | 8 |
Total |  | $ | 5,355 |  |  | $ | 2,287 |  |  | $ | 1,245 |  |  | $ | 409 |  |  | $ | 144 |  |  | $ | 46 |  |  | $ | 9,486 |
Total Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 207,664 |  |  | $ | 105,857 |  |  | $ | 87,776 |  |  | $ | 31,318 |  |  | $ | 34,796 |  |  | $ | 92,355 |  |  | $ | 559,766 |
Special Mention |  |  | — |  |  |  | — |  |  |  | 30 |  |  |  | — |  |  |  | 343 |  |  |  | — |  |  |  | 373 |
Substandard |  |  | 7 |  |  |  | 103 |  |  |  | 2,087 |  |  |  | 722 |  |  |  | 3,200 |  |  |  | 1,982 |  |  |  | 8,101 |
Total |  | $ | 207,671 |  |  | $ | 105,960 |  |  | $ | 89,893 |  |  | $ | 32,040 |  |  | $ | 38,339 |  |  | $ | 94,337 |  |  | $ | 568,240 |
|  | Real Estate Loans |  |  |  |  |  |  |  |  |  |  |  |  |
|  | One-to Four- Family |  |  | Multi-Family |  |  | Commercial |  |  | Home Equity Lines of Credit |  |  | Construction |  |  | Commercial |  |  | Consumer |  |  | Total |
June 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 130,950 |  |  | $ | 87,993 |  |  | $ | 164,424 |  |  | $ | 6,987 |  |  | $ | 41,254 |  |  | $ | 73,226 |  |  | $ | 8,970 |  |  | $ | 513,804 |
Watch |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard |  |  | 1,524 |  |  |  | 254 |  |  |  | 2,951 |  |  |  | — |  |  |  | — |  |  |  | 7,192 |  |  |  | 11 |  |  |  | 11,932 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Loss |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 132,474 |  |  | $ | 88,247 |  |  | $ | 167,375 |  |  | $ | 6,987 |  |  | $ | 41,254 |  |  | $ | 80,418 |  |  | $ | 8,981 |  |  | $ | 525,736 |
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 |  |  | 90 Days or Greater |  |  | Total Past Due |  |  | Current |  |  | Total Loans Receivable |  |  | Total Loans 90 Days Past Due & Accruing |
December 31, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family |  | $ | 611 |  |  | $ | 1,483 |  |  | $ | 190 |  |  | $ | 2,284 |  |  | $ | 148,427 |  |  | $ | 150,711 |  |  | $ | 62 |
Multi-family |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 100,147 |  |  |  | 100,147 |  |  |  | — |
Commercial |  |  | — |  |  |  | 47 |  |  |  | — |  |  |  | 47 |  |  |  | 191,968 |  |  |  | 192,015 |  |  |  | — |
Home equity lines of credit |  |  | — |  |  |  | 21 |  |  |  | — |  |  |  | 21 |  |  |  | 6,905 |  |  |  | 6,926 |  |  |  | — |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 36,595 |  |  |  | 36,595 |  |  |  | — |
Commercial |  |  | 54 |  |  |  | 170 |  |  |  | 61 |  |  |  | 285 |  |  |  | 72,075 |  |  |  | 72,360 |  |  |  | 60 |
Consumer |  |  | 22 |  |  |  | 14 |  |  |  | — |  |  |  | 36 |  |  |  | 9,450 |  |  |  | 9,486 |  |  |  | — |
Total |  | $ | 687 |  |  | $ | 1,735 |  |  | $ | 251 |  |  | $ | 2,673 |  |  | $ | 565,567 |  |  | $ | 568,240 |  |  | $ | 122 |
|  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | 90 Days or Greater |  |  | Total Past Due |  |  | Current |  |  | Total Loans Receivable |  |  | Total Loans 90 Days Past Due & Accruing |
June 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family |  | $ | 374 |  |  | $ | 144 |  |  | $ | 1,174 |  |  | $ | 1,692 |  |  | $ | 130,782 |  |  | $ | 132,474 |  |  | $ | 47 |
Multi-family |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 88,247 |  |  |  | 88,247 |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 167,375 |  |  |  | 167,375 |  |  |  | — |
Home equity lines of credit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,987 |  |  |  | 6,987 |  |  |  | — |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 41,254 |  |  |  | 41,254 |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 80,418 |  |  |  | 80,418 |  |  |  | — |
Consumer |  |  | 78 |  |  |  | 21 |  |  |  | — |  |  |  | 99 |  |  |  | 8,882 |  |  |  | 8,981 |  |  |  | — |
Total |  | $ | 452 |  |  | $ | 165 |  |  | $ | 1,174 |  |  | $ | 1,791 |  |  | $ | 523,945 |  |  | $ | 525,736 |  |  | $ | 47 |
Summary of Impaired Loans | The following tables present impaired loans as of June 30, 2022 and December, 2021:
|  |  |  |  |  |  |  |  |  |  | Year Ended June 30, 2022 |
|  | Recorded Balance |  |  | Unpaid Principal Balance |  |  | Specific Allowance |  |  | Average Investment in Impaired Loans |  |  | Interest Income Recognized |  |  | Interest on Cash Basis |
June 30, 2022: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans without a specific valuation allowance |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family |  | $ | 1,350 |  |  | $ | 1,350 |  |  | $ | — |  |  | $ | 1,361 |  |  | $ | 15 |  |  | $ | 13 |
Multi-family |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Home equity line of credit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | 35 |  |  |  | 35 |  |  |  | — |  |  |  | 40 |  |  |  | 4 |  |  |  | 4 |
Consumer |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Multi-family |  | $ | 1,350 |  |  | $ | 1,350 |  |  | $ | — |  |  | $ | 1,361 |  |  | $ | 15 |  |  | $ | 13 |
Commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Home equity line of credit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Consumer |  |  | 35 |  |  |  | 35 |  |  |  | — |  |  |  | 40 |  |  |  | 4 |  |  |  | 4 |
|  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 1,385 |  |  | $ | 1,385 |  |  | $ | — |  |  | $ | 1,401 |  |  | $ | 19 |  |  | $ | 17 |
|  |  |  |  |  |  |  |  |  |  | Three Months Ended December 31, 2021 |  |  | Six Months Ended December 31, 2021 |
|  | Recorded Balance |  |  | Unpaid Principal Balance |  |  | Specific Allowance |  |  | Average Investment in Impaired Loans |  |  | Interest Income Recognized |  |  | Interest on Cash Basis |  |  | Average Investment in Impaired Loans |  |  | Interest Income Recognized |  |  | Interest on Cash Basis |
December 31, 2021: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans without a specific valuation allowance Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to-four family |  | $ | 1,083 |  |  | $ | 1,083 |  |  | $ | — |  |  | $ | 1,085 |  |  | $ | 6 |  |  | $ | 4 |  |  | $ | 1,087 |  |  | $ | 10 |  |  | $ | 8 |
Multi-family |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Home equity line of credit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | 41 |  |  |  | 41 |  |  |  | — |  |  |  | 42 |  |  |  | 1 |  |  |  | 1 |  |  |  | 43 |  |  |  | 2 |  |  |  | 2 |
Consumer |  |  | 12 |  |  |  | 12 |  |  |  | — |  |  |  | 14 |  |  |  | — |  |  |  | — |  |  |  | 14 |  |  |  | — |  |  |  | — |
Loans with a specific valuation 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 |  |  | 1,083 |  |  |  | 1,083 |  |  |  | — |  |  |  | 1,085 |  |  |  | 6 |  |  |  | 4 |  |  |  | 1,087 |  |  |  | 10 |  |  |  | 8 |
Multi-family |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Home equity line of credit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | 41 |  |  |  | 41 |  |  |  | — |  |  |  | 42 |  |  |  | 1 |  |  |  | 1 |  |  |  | 43 |  |  |  | 2 |  |  |  | 2 |
Consumer |  |  | 12 |  |  |  | 12 |  |  |  | — |  |  |  | 14 |  |  |  | — |  |  |  | — |  |  |  | 14 |  |  |  | — |  |  |  | — |
|  | $ | 1,136 |  |  | $ | 1,136 |  |  | $ | — |  |  | $ | 1,141 |  |  | $ | 7 |  |  | $ | 5 |  |  | $ | 1,144 |  |  | $ | 12 |  |  | $ | 10 |
Nonaccrual Loans | The following table presents the amortized cost basis of loans on nonaccrual status and of nonaccrual loans individually evaluated for which no allowance was recorded at December 31, 2022 and June 30, 2022:
|  | December 31, 2022 |  |  | June 30, 2022 |
|  | Nonaccrual with no Allowance for Credit Losses |  |  | Nonaccrual |  |  | Nonaccrual |
Mortgages on real estate: |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family |  | $ | 129 |  |  | $ | 129 |  |  | $ | 1,127 |
Multi-family |  |  | — |  |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |  |  |  | — |
Home equity lines of credit |  |  | — |  |  |  | — |  |  |  | — |
Construction loans |  |  | — |  |  |  | — |  |  |  | — |
Commercial business loans |  |  | — |  |  |  | — |  |  |  | — |
Consumer loans |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 129 |  |  | $ | 129 |  |  | $ | 1,127 |
Loans Modified as Troubled Debt Restructurings | The following table presents the recorded balance, at original cost, of troubled debt restructurings, as of December 31, 2022 and June 30, 2022. All TDRs were performing according to the terms of the restructuring and were accruing as of December 31, 2022 and as of June 2022.
|  | December 31, 2022 |  |  | June 30, 2022 |
Real estate loans |  |  |  |  |  |  |  |
One- to four-family |  | $ | 206 |  |  | $ | 962 |
Multi-family |  |  | — |  |  |  | — |
Commercial |  |  | — |  |  |  | — |
Home equity lines of credit |  |  | — |  |  |  | — |
Total real estate loans |  |  | 206 |  |  |  | 962 |
Construction |  |  | — |  |  |  | — |
Commercial |  |  | 30 |  |  |  | 36 |
Consumer |  |  | — |  |  |  | — |
Total |  | $ | 236 |  |  | $ | 998 |

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