Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Sep. 30, 2013 | Nov. 08, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
Trading Symbol | 'KRNY | ' |
Entity Registrant Name | 'Kearny Financial Corp. | ' |
Entity Central Index Key | '0001295664 | ' |
Current Fiscal Year End Date | '--06-30 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 66,226,540 |
Consolidated_Statements_of_Fin
Consolidated Statements of Financial Condition (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and amounts due from depository institutions | $12,159 | $13,102 |
Interest-bearing deposits in other banks | 106,027 | 113,932 |
Cash and Cash Equivalents | 118,186 | 127,034 |
Debt securities available for sale (amortized cost $307,213 and $305,283) | 300,544 | 300,122 |
Debt securities held to maturity (fair value $204,185 and $202,328) | 210,943 | 210,015 |
Loans receivable, including unamortized yield adjustments of $(1,980) and $(847) | 1,485,644 | 1,360,871 |
Less allowance for loan losses | -11,406 | -10,896 |
Net Loans Receivable | 1,474,238 | 1,349,975 |
Mortgage-backed securities available for sale (amortized cost $751,445 and $782,866) | 752,216 | 780,652 |
Mortgage-backed securities held to maturity (fair value $96,078 and $96,447) | 100,674 | 101,114 |
Premises and equipment | 36,911 | 36,994 |
Federal Home Loan Bank of New York ("FHLB") stock | 21,515 | 15,666 |
Interest receivable | 8,508 | 8,028 |
Goodwill | 108,591 | 108,591 |
Bank owned life insurance | 86,786 | 86,084 |
Deferred income tax assets, net | 10,469 | 9,782 |
Other assets | 8,189 | 11,303 |
Total Assets | 3,237,770 | 3,145,360 |
Liabilities | ' | ' |
Deposits: Non-interest-bearing | 193,469 | 190,964 |
Deposits: Interest-bearing | 2,137,800 | 2,179,544 |
Total Deposits | 2,331,269 | 2,370,508 |
Borrowings | 417,118 | 287,695 |
Advance payments by borrowers for taxes | 8,319 | 7,840 |
Other liabilities | 11,805 | 11,610 |
Total Liabilities | 2,768,511 | 2,677,653 |
Stockholders' Equity | ' | ' |
Preferred stock, $0.10 par value, 25,000,000 shares authorized; none issued and outstanding | ' | ' |
Common stock, $0.10 par value, 75,000,000 shares authorized; 72,737,500 shares issued; 66,380,740 and 66,500,740 shares outstanding, respectively | 7,274 | 7,274 |
Paid-in capital | 215,783 | 215,722 |
Retained earnings | 328,753 | 326,167 |
Unearned Employee Stock Ownership Plan shares; 497,034 shares and 533,400 shares, respectively | -4,970 | -5,334 |
Treasury stock, at cost; 6,356,760 shares and 6,236,760 shares, respectively | -73,194 | -71,983 |
Accumulated other comprehensive loss | -4,387 | -4,139 |
Total Stockholders' Equity | 469,259 | 467,707 |
Total Liabilities and Stockholders' Equity | $3,237,770 | $3,145,360 |
Consolidated_Statements_of_Fin1
Consolidated Statements of Financial Condition (Parenthetical) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Securities available for sale, amortized cost | $307,213 | $305,283 |
Securities held to maturity, estimated fair value | 204,185 | 202,328 |
Loans receivable, unamortized yield adjustments | -1,980 | -847 |
Mortgage-backed securities available for sale, amortized cost | 751,445 | 782,866 |
Mortgage-backed securities held to maturity, Fair Value Disclosure | $96,078 | $96,447 |
Preferred stock, par value | $0.10 | $0.10 |
Preferred stock, shares authorized | 25,000,000 | 25,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $0.10 | $0.10 |
Common stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 72,737,500 | 72,737,500 |
Common stock, shares outstanding | 66,380,740 | 66,500,740 |
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 497,034 | 533,400 |
Treasury stock, shares | 6,356,760 | 6,236,760 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Interest Income | ' | ' |
Loans | $15,816 | $15,776 |
Mortgage-backed securities | 5,554 | 7,003 |
Securities: | ' | ' |
Taxable | 1,278 | 226 |
Tax-exempt | 454 | 6 |
Other interest-earning assets | 198 | 195 |
Total Interest Income | 23,300 | 23,206 |
Interest Expense | ' | ' |
Deposits | 3,632 | 4,277 |
Borrowings | 1,472 | 2,054 |
Total Interest Expense | 5,104 | 6,331 |
Net Interest Income | 18,196 | 16,875 |
Provision for loan losses | 1,168 | 339 |
Net Interest Income after Provision for Loan Losses | 17,028 | 16,536 |
Non-Interest Income | ' | ' |
Fees and service charges | 691 | 629 |
Gain on sale of loans | 53 | ' |
Gain (loss) on sale and write down of real estate owned | 1 | -294 |
Income from bank owned life insurance | 702 | 383 |
Electronic banking fees and charges | 344 | 289 |
Miscellaneous | 70 | 193 |
Total Non-Interest Income | 1,861 | 1,200 |
Non-Interest Expenses | ' | ' |
Salaries and employee benefits | 8,953 | 8,812 |
Net occupancy expense of premises | 1,662 | 1,598 |
Equipment and systems | 1,874 | 1,977 |
Advertising and marketing | 251 | 286 |
Federal deposit insurance premium | 512 | 552 |
Directors' compensation | 172 | 167 |
Miscellaneous | 1,858 | 1,881 |
Total Non-Interest Expenses | 15,282 | 15,273 |
Income Before Income Taxes | 3,607 | 2,463 |
Income Taxes | 1,021 | 803 |
Net Income | $2,586 | $1,660 |
Net Income per Common Share (EPS): | ' | ' |
Basic and Diluted | $0.04 | $0.03 |
Weighted Average Number of Common Shares Outstanding: | ' | ' |
Basic and Diluted | 65,936 | 66,256 |
Dividends Declared Per Common Share | ' | ' |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' |
Net income | $2,586 | $1,660 |
Other Comprehensive (Loss) Income: | ' | ' |
Unrealized gain on securities available for sale, net of deferred income tax expense of: 2013 $534; 2012 $2,934 | 943 | 4,353 |
Fair value adjustments on derivatives, net of deferred income tax benefit of: 2013 ($1,155) ; 2012 $ - | -1,672 | ' |
Benefit plans, net of deferred income tax expense (benefit) of: 2013 $333; 2012 ($473) | 481 | -686 |
Total Other Comprehensive (Loss) Income | -248 | 3,667 |
Total Comprehensive Income | $2,338 | $5,327 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' |
Unrealized gain on securities available for sale, tax | $534 | $2,934 |
Fair value adjustments on derivatives, tax | -1,155 | ' |
Deferred tax expense (benefit), Benefit plans | $333 | ($473) |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes In Stockholders' Equity (USD $) | Total | Common Stock [Member] | Paid-In Capital [Member] | Retained Earnings [Member] | Unearned ESOP Shares [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
In Thousands | |||||||
Balance (in value) at Jun. 30, 2012 | $491,617 | $7,274 | $215,539 | $319,661 | ($6,789) | ($67,664) | $23,596 |
Balance (in shares) at Jun. 30, 2012 | ' | 66,936 | ' | ' | ' | ' | ' |
Net income | 1,660 | ' | ' | 1,660 | ' | ' | ' |
Other comprehensive income (loss), net of income tax | 3,667 | ' | ' | ' | ' | ' | 3,667 |
ESOP shares committed to be released | 356 | ' | -8 | ' | 364 | ' | ' |
Dividends contributed for payment of ESOP loan | -2 | ' | -2 | ' | ' | ' | ' |
Stock option expense | 11 | ' | 11 | ' | ' | ' | ' |
Treasury stock purchases (in shares) | ' | -66 | ' | ' | ' | ' | ' |
Treasury stock purchases (in value) | -647 | ' | ' | ' | ' | -647 | ' |
Restricted stock plan shares earned | 42 | ' | 42 | ' | ' | ' | ' |
Balance (in value) at Sep. 30, 2012 | 496,704 | 7,274 | 215,582 | 321,321 | -6,425 | -68,311 | 27,263 |
Balance (in shares) at Sep. 30, 2012 | ' | 66,870 | ' | ' | ' | ' | ' |
Balance (in value) at Jun. 30, 2013 | 467,707 | 7,274 | 215,722 | 326,167 | -5,334 | -71,983 | -4,139 |
Balance (in shares) at Jun. 30, 2013 | ' | 66,501 | ' | ' | ' | ' | ' |
Net income | 2,586 | ' | ' | 2,586 | ' | ' | ' |
Other comprehensive income (loss), net of income tax | -248 | ' | ' | ' | ' | ' | -248 |
ESOP shares committed to be released | 373 | ' | 9 | ' | 364 | ' | ' |
Stock option expense | 10 | ' | 10 | ' | ' | ' | ' |
Treasury stock purchases (in shares) | ' | -120 | ' | ' | ' | ' | ' |
Treasury stock purchases (in value) | -1,211 | ' | ' | ' | ' | -1,211 | ' |
Restricted stock plan shares earned | 42 | ' | 42 | ' | ' | ' | ' |
Balance (in value) at Sep. 30, 2013 | $469,259 | $7,274 | $215,783 | $328,753 | ($4,970) | ($73,194) | ($4,387) |
Balance (in shares) at Sep. 30, 2013 | ' | 66,381 | ' | ' | ' | ' | ' |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes In Stockholders' Equity (Parenthetical) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
ESOP shares committed to be released, shares | 36 | 36 |
Restricted stock plan shares earned, shares | 4 | 4 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash Flows from Operating Activities: | ' | ' |
Net income | $2,586 | $1,660 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization of premises and equipment | 622 | 653 |
Net amortization of premiums, discounts and loan fees and costs | 985 | 2,763 |
Deferred income taxes | -400 | 181 |
Amortization of intangible assets | 33 | 37 |
Amortization of benefit plans' unrecognized net loss | 11 | 25 |
Provision for loan losses | 1,168 | 339 |
(Gain) loss on write-down and sales of real estate owned | -1 | 294 |
Realized gain on sale of loans | -53 | ' |
Proceeds from sale of loans | 496 | ' |
Realized gain on disposition of premises and equipment | ' | -100 |
Increase in cash surrender value of bank owned life insurance | -702 | -383 |
ESOP, stock option plan and restricted stock plan expenses | 425 | 409 |
(Increase) decrease in interest receivable | -480 | 117 |
Decrease in other assets | 135 | 820 |
Increase in interest payable | 70 | 22 |
Increase (decrease) in other liabilities | 983 | -216 |
Net Cash Provided by Operating Activities | 5,878 | 6,621 |
Cash Flows from Investing Activities: | ' | ' |
Purchase of debt securities available for sale | -1,895 | ' |
Proceeds from repayments of debt securities available for sale | 45 | 134 |
Purchase of debt securities held to maturity | -1,195 | -50 |
Proceeds from calls and maturities of debt securities held to maturity | 50 | 30,070 |
Proceeds from repayments of debt securities held to maturity | 173 | 260 |
Purchase of loans | -56,319 | -4,144 |
Net increase in loans receivable | -69,777 | -1,647 |
Proceeds from sale of real estate owned | 403 | 996 |
Purchases of mortgage-backed securities available for sale | -10,647 | -72,891 |
Principal repayments on mortgage-backed securities available for sale | 40,969 | 99,659 |
Principal repayments on mortgage-backed securities held to maturity | 420 | 66 |
Purchase of FHLB stock | -10,260 | ' |
Redemption of FHLB stock | 4,411 | 1 |
Purchase of bank owned life insurance | ' | -503 |
Proceeds from cash settlement of premises and equipment | ' | 200 |
Additions to premises and equipment | -539 | -194 |
Net Cash (Used in) Provided by Investing Activities | -104,161 | 51,957 |
Cash Flows from Financing Activities: | ' | ' |
Net decrease in deposits | -39,261 | -26,041 |
Repayment of term FHLB advances | -100,021 | -21 |
Proceeds from term FHLB advances | 175,000 | ' |
Net change in overnight borrowings | 55,000 | ' |
(Decrease) increase in other short-term borrowings | -551 | 567 |
Increase in advance payments by borrowers for taxes | 479 | 53 |
Purchase of common stock of Kearny Financial Corp. for treasury | -1,211 | -647 |
Dividends contributed for payment of ESOP loan | ' | -2 |
Net Cash Provided by (Used in) Financing Activities | 89,435 | -26,091 |
Net (Decrease) Increase in Cash and Cash Equivalents | -8,848 | 32,487 |
Cash and Cash Equivalents - Beginning | 127,034 | 155,584 |
Cash and Cash Equivalents - Ending | 118,186 | 188,071 |
Supplemental Disclosures of Cash Flows Information: | ' | ' |
Income taxes, net of refunds | 250 | 328 |
Interest | 5,034 | 6,309 |
Non-cash investing and financing activities: | ' | ' |
Acquisition of real estate owned in settlement of loans | $282 | $1,809 |
Principles_of_Consolidation
Principles of Consolidation | 3 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Principles of Consolidation | ' |
1. PRINCIPLES OF CONSOLIDATION | |
The unaudited consolidated financial statements include the accounts of Kearny Financial Corp. (the “Company”), its wholly-owned subsidiary, Kearny Federal Savings Bank (the “Bank”) and the Bank’s wholly-owned subsidiaries, KFS Investment Corp., CJB Investment Corp. and KFS Financial Services, Inc. and its wholly-owned subsidiary KFS Insurance Services, Inc. The Company conducts its business principally through the Bank. Management prepared the unaudited consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”), including the elimination of all significant inter-company accounts and transactions during consolidation. |
Basis_of_Presentation
Basis of Presentation | 3 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
2. BASIS OF PRESENTATION | |
The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and Regulation S-X and do not include information or footnotes necessary for a complete presentation of financial condition, income, comprehensive income, changes in stockholders’ equity and cash flows in conformity with GAAP. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the unaudited consolidated financial statements have been included. The results of operations for the three-month period ended September 30, 2013, are not necessarily indicative of the results that may be expected for the entire fiscal year or any other period. | |
The data in the consolidated statement of financial condition for June 30, 2013 was derived from the Company’s 2013 annual report on Form 10-K. That data, along with the interim unaudited financial information presented in the consolidated statements of financial condition, income, comprehensive income, changes in stockholders’ equity and cash flows should be read in conjunction with the audited consolidated financial statements, including the notes thereto included in the Company’s 2013 annual report on Form 10-K. |
Net_Income_Per_Common_Share_EP
Net Income Per Common Share ("EPS") | 3 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Net Income Per Common Share ("EPS") | ' | ||||||||||||
3. NET INCOME PER COMMON SHARE (“EPS”) | |||||||||||||
Basic EPS is based on the weighted average number of common shares actually outstanding including restricted stock awards (see following paragraph) adjusted for Employee Stock Ownership Plan (“ESOP”) shares not yet committed to be released. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as outstanding stock options, were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. Diluted EPS is calculated by adjusting the weighted average number of shares of common stock outstanding to include the effect of contracts or securities exercisable or which could be converted into common stock, if dilutive, using the treasury stock method. Shares issued and reacquired during any period are weighted for the portion of the period they were outstanding. | |||||||||||||
The Financial Accounting Standards Board (“FASB”) has issued guidance on determining whether instruments granted in share-based payment transactions are participating securities. This guidance clarifies that all outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends participate in undistributed earnings with common shareholders. Awards of this nature are considered participating securities and the two-class method of computing basic and diluted earnings per share must be applied. | |||||||||||||
The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations: | |||||||||||||
Three Months Ended | |||||||||||||
September 30, 2013 | |||||||||||||
Income | Shares | Per | |||||||||||
Share | |||||||||||||
(Numerator) | (Denominator) | Amount | |||||||||||
(In Thousands, Except Per Share Data) | |||||||||||||
Net income | $ | 2,586 | |||||||||||
Basic earnings per share, income available to common stockholders | $ | 2,586 | 65,936 | $ | 0.04 | ||||||||
Effect of dilutive securities: | |||||||||||||
Stock options | — | — | |||||||||||
$ | 2,586 | 65,936 | $ | 0.04 | |||||||||
Three Months Ended | |||||||||||||
30-Sep-12 | |||||||||||||
Income | Shares | Per | |||||||||||
Share | |||||||||||||
(Numerator) | (Denominator) | Amount | |||||||||||
(In Thousands, Except Per Share Data) | |||||||||||||
Net income | $ | 1,660 | |||||||||||
Basic earnings per share, income available to common stockholders | $ | 1,660 | 66,256 | $ | 0.03 | ||||||||
Effect of dilutive securities: | |||||||||||||
Stock options | — | — | |||||||||||
$ | 1,660 | 66,256 | $ | 0.03 | |||||||||
During the three months ended September 30, 2013 and 2012, the average number of options which were considered anti-dilutive totaled approximately 3,158,000 and 3,193,000, respectively. |
Subsequent_Events
Subsequent Events | 3 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
4. SUBSEQUENT EVENTS | |
The Company has evaluated events and transactions occurring subsequent to the statement of financial condition date of September 30, 2013, for items that should potentially be recognized or disclosed in these consolidated financial statements. The evaluation was conducted through the date this document was filed. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 3 Months Ended |
Sep. 30, 2013 | |
Accounting Changes And Error Corrections [Abstract] | ' |
Recent Accounting Pronouncements | ' |
5. RECENT ACCOUNTING PRONOUNCEMENTS | |
In January, 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. In the past, the FASB issued ASU 2011-11 as the result of a joint project with the IASB to enhance and provide converged disclosures about financial and derivative instruments that are offset on the balance sheet or are subject to an enforceable master netting arrangement. ASU 2011-11 did not change the conditions for when offsetting is appropriate in US GAAP. However, those conditions differ under IFRS, which results in the single largest financial reporting difference for certain financial institutions. As a result, ASU 2011-11 established new disclosures to reconcile US GAAP and IFRS primarily through the requirement to present information on both a “gross” and “net” basis in the footnotes. | |
After the issuance of ASU 2011-11, stakeholders informed the FASB that the scope of the new disclosures was unclear, particularly because many contracts contain standard commercial provisions that would equate to a master netting arrangement. In order to clarify its intent and narrow the scope of the new disclosures, the Board issued ASU 2013-01. It states that the disclosures established in ASU 2011-11 only apply to recognized derivative instruments accounted for in accordance with Topic 815, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are offset on the balance sheet under ASC 210-20-45 or 815-10-45, or subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset under ASC 210-20-45 or 815-10-45. | |
ASU 2013-01 is effective for fiscal years beginning on or after January 1, 2013 and interim periods within those years. Retrospective application is required. The new pronouncement did not have an impact on the Company’s consolidated financial statements. | |
On July 17, 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-10, Derivatives and Hedging (Topic 815): Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes. The ASU allows the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes. In the past, only rates on U.S. Treasury obligations and LIBOR were permitted. The ASU was issued as a result of changes in the marketplace that have occurred since the issuance of Statement 133, and more particularly, as a result of the 2008 financial crisis. ASU 2013-10 is applicable to all entities that elect to apply hedge accounting of the benchmark interest rate under Topic 815, Derivatives and Hedging. The ASU is effective July 17, 2013, but only for qualifying new or redesignated hedging relationships entered into on or after that date. In other words, retrospective adoption is not available because it would be inconsistent with the requirement to prepare appropriate documentation at the inception of a hedge. The new pronouncement did not have an impact on the Company’s consolidated financial statements. |
Stock_Repurchase_Plans
Stock Repurchase Plans | 3 Months Ended |
Sep. 30, 2013 | |
Equity [Abstract] | ' |
Stock Repurchase Plans | ' |
6. STOCK REPURCHASE PLANS | |
On March 23, 2012, the Company announced that the Board of Directors authorized a stock repurchase plan to acquire up to 802,780 shares, or 5% of the Company’s outstanding stock held by persons other than Kearny MHC. Through September 30, 2013 the Company has repurchased a total of 591,100 shares in accordance with this repurchase plan at a total cost of approximately $5,864,000 and at an average cost per share of $9.92. |
Securities_Available_for_Sale
Securities Available for Sale | 3 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Securities Available for Sale | ' | ||||||||||||||||
7. SECURITIES AVAILABLE FOR SALE | |||||||||||||||||
The amortized cost, gross unrealized gains and losses and fair values of debt and mortgage-backed securities available for sale at September 30, 2013 and June 30, 2013 and stratification by contractual maturity of debt securities available for sale at September 30, 2013 are presented below: | |||||||||||||||||
At September 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||
Gains | Losses | ||||||||||||||||
(In Thousands) | |||||||||||||||||
Securities available for sale: | |||||||||||||||||
Debt securities: | |||||||||||||||||
U.S. agency securities | $ | 4,906 | $ | — | $ | 3 | $ | 4,903 | |||||||||
Obligations of state and political subdivisions | 27,554 | — | 2,295 | 25,259 | |||||||||||||
Asset-backed securities | 25,404 | — | 1,147 | 24,257 | |||||||||||||
Collateralized loan obligations | 80,368 | 40 | 477 | 79,931 | |||||||||||||
Corporate bonds | 160,100 | 52 | 1,402 | 158,750 | |||||||||||||
Trust preferred securities | 8,881 | — | 1,437 | 7,444 | |||||||||||||
Total debt securities | 307,213 | 92 | 6,761 | 300,544 | |||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Collateralized mortgage obligations: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 9,651 | — | 501 | 9,150 | |||||||||||||
Federal National Mortgage Association | 54,869 | 22 | 3,056 | 51,835 | |||||||||||||
Total collateralized mortgage obligations | 64,520 | 22 | 3,557 | 60,985 | |||||||||||||
Mortgage pass-through securities: | |||||||||||||||||
Residential pass-through securities: | |||||||||||||||||
Government National Mortgage Association | 5,552 | 329 | 1 | 5,880 | |||||||||||||
Federal Home Loan Mortgage Corporation | 273,963 | 5,690 | 3,887 | 275,766 | |||||||||||||
Federal National Mortgage Association | 313,258 | 10,146 | 3,718 | 319,686 | |||||||||||||
Total residential pass-through securities | 592,773 | 16,165 | 7,606 | 601,332 | |||||||||||||
Commercial pass-through securities: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 106 | 2 | — | 108 | |||||||||||||
Federal National Mortgage Association | 94,046 | 2 | 4,257 | 89,791 | |||||||||||||
Total commercial pass-through securities | 94,152 | 4 | 4,257 | 89,899 | |||||||||||||
Total mortgage-backed securities | 751,445 | 16,191 | 15,420 | 752,216 | |||||||||||||
Total securities available for sale | $ | 1,058,658 | $ | 16,283 | $ | 22,181 | $ | 1,052,760 | |||||||||
At September 30, 2013 | |||||||||||||||||
Amortized | Fair | ||||||||||||||||
Cost | Value | ||||||||||||||||
(In Thousands) | |||||||||||||||||
Debt securities available for sale: | |||||||||||||||||
Due in one year or less | $ | — | $ | — | |||||||||||||
Due after one year through five years | 23,910 | 23,828 | |||||||||||||||
Due after five years through ten years | 207,728 | 205,887 | |||||||||||||||
Due after ten years | 75,575 | 70,829 | |||||||||||||||
Total | $ | 307,213 | $ | 300,544 | |||||||||||||
At June 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||
Gains | Losses | ||||||||||||||||
(In Thousands) | |||||||||||||||||
Securities available for sale: | |||||||||||||||||
Debt securities: | |||||||||||||||||
U.S. agency securities | $ | 4,955 | $ | 60 | $ | — | $ | 5,015 | |||||||||
Obligations of state and political subdivisions | 27,560 | — | 2,253 | 25,307 | |||||||||||||
Asset-backed securities | 25,417 | 1 | 620 | 24,798 | |||||||||||||
Collateralized loan obligations | 78,366 | 190 | 70 | 78,486 | |||||||||||||
Corporate bonds | 160,107 | 34 | 949 | 159,192 | |||||||||||||
Trust preferred securities | 8,878 | — | 1,554 | 7,324 | |||||||||||||
Total debt securities | 305,283 | 285 | 5,446 | 300,122 | |||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Collateralized mortgage obligations: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 9,825 | — | 470 | 9,355 | |||||||||||||
Federal National Mortgage Association | 56,158 | 24 | 3,055 | 53,127 | |||||||||||||
Total collateralized mortgage obligations | 65,983 | 24 | 3,525 | 62,482 | |||||||||||||
Mortgage pass-through securities: | |||||||||||||||||
Residential pass-through securities: | |||||||||||||||||
Government National Mortgage Association | 5,889 | 444 | — | 6,333 | |||||||||||||
Federal Home Loan Mortgage Corporation | 290,133 | 4,827 | 4,600 | 290,360 | |||||||||||||
Federal National Mortgage Association | 326,356 | 9,050 | 3,945 | 331,461 | |||||||||||||
Total residential pass-through securities | 622,378 | 14,321 | 8,545 | 628,154 | |||||||||||||
Commercial pass-through securities: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 116 | 2 | — | 118 | |||||||||||||
Federal National Mortgage Association | 94,389 | 3 | 4,494 | 88,898 | |||||||||||||
Total commercial pass-through securities | 94,505 | 5 | 4,494 | 90,016 | |||||||||||||
Total mortgage-backed securities | 782,866 | 14,350 | 16,564 | 780,652 | |||||||||||||
Total securities available for sale | $ | 1,088,149 | $ | 14,635 | $ | 22,010 | $ | 1,080,774 | |||||||||
There were no sales of securities available for sale during the three months ended September 30, 2013 and September 30, 2012. At September 30, 2013 and June 30, 2013, securities available for sale with carrying values of approximately $91.4 million and $99.4 million, respectively, were utilized as collateral for borrowings through the FHLB of New York. As of those same dates, securities available for sale with carrying values of approximately $7.1 million and $4.4 million, respectively, were pledged to secure public funds on deposit. | |||||||||||||||||
The Company’s available for sale mortgage-backed securities are generally secured by both residential and commercial mortgage loans with original contractual maturities of ten to thirty years. The effective lives of mortgage-backed securities are generally shorter than their contractual maturities due to principal amortization and prepayment of the mortgage loans comprised within those securities. Investors in mortgage pass-through securities generally share in the receipt of principal repayments on a pro-rata basis as paid by the borrowers. By comparison, collateralized mortgage obligations generally represent individual tranches within a larger investment vehicle that is designed to distribute cash flows received on securitized mortgage loans to investors in a manner determined by the overall terms and structure of the investment vehicle and those applying to the individual tranches within that structure. |
Securities_Held_to_Maturity
Securities Held to Maturity | 3 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Securities Held to Maturity | ' | ||||||||||||||||
8. SECURITIES HELD TO MATURITY | |||||||||||||||||
The amortized cost, gross unrealized gains and losses and fair values of debt and mortgage-backed securities held to maturity at September 30, 2013 and June 30, 2013 and stratification by contractual maturity of debt securities held to maturity at September 30, 2013 are presented below: | |||||||||||||||||
At September 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||
Gains | Losses | ||||||||||||||||
(In Thousands) | |||||||||||||||||
Securities held to maturity: | |||||||||||||||||
Debt securities: | |||||||||||||||||
U.S. agency securities | $ | 144,575 | $ | 12 | $ | 2,744 | $ | 141,843 | |||||||||
Obligations of state and political subdivisions | 66,368 | 6 | 4,032 | 62,342 | |||||||||||||
Total debt securities | 210,943 | 18 | 6,776 | 204,185 | |||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Collateralized mortgage obligations: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 20 | 2 | — | 22 | |||||||||||||
Federal National Mortgage Association | 317 | 28 | — | 345 | |||||||||||||
Non-agency securities | 96 | — | 2 | 94 | |||||||||||||
Total collateralized mortgage obligations | 433 | 30 | 2 | 461 | |||||||||||||
Mortgage pass-through securities: | |||||||||||||||||
Residential pass-through securities: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 91 | 4 | — | 95 | |||||||||||||
Federal National Mortgage Association | 220 | 8 | — | 228 | |||||||||||||
Total residential pass-through securities | 311 | 12 | — | 323 | |||||||||||||
Commercial pass-through securities: | |||||||||||||||||
Federal National Mortgage Association | 99,930 | — | 4,636 | 95,294 | |||||||||||||
Total commercial pass-through securities | 99,930 | — | 4,636 | 95,294 | |||||||||||||
Total mortgage-backed securities | 100,674 | 42 | 4,638 | 96,078 | |||||||||||||
Total securities held to maturity | $ | 311,617 | $ | 60 | $ | 11,414 | $ | 300,263 | |||||||||
At September 30, 2013 | |||||||||||||||||
Amortized | Fair Value | ||||||||||||||||
Cost | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Debt securities held to maturity: | |||||||||||||||||
Due in one year or less | $ | 3,221 | $ | 3,227 | |||||||||||||
Due after one year through five years | 144,575 | 141,843 | |||||||||||||||
Due after five years through ten years | 32,128 | 30,600 | |||||||||||||||
Due after ten years | 31,019 | 28,515 | |||||||||||||||
Total | $ | 210,943 | $ | 204,185 | |||||||||||||
At June 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||
Gains | Losses | ||||||||||||||||
(In Thousands) | |||||||||||||||||
Securities held to maturity: | |||||||||||||||||
Debt securities: | |||||||||||||||||
U.S. agency securities | $ | 144,747 | $ | 14 | $ | 3,622 | $ | 141,139 | |||||||||
Obligations of state and political subdivisions | 65,268 | 4 | 4,083 | 61,189 | |||||||||||||
Total debt securities | 210,015 | 18 | 7,705 | 202,328 | |||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Collateralized mortgage obligations: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 22 | 3 | — | 25 | |||||||||||||
Federal National Mortgage Association | 350 | 32 | — | 382 | |||||||||||||
Non-agency securities | 105 | 3 | 2 | 106 | |||||||||||||
Total collateralized mortgage obligations | 477 | 38 | 2 | 513 | |||||||||||||
Mortgage pass-through securities: | |||||||||||||||||
Residential pass-through securities: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 98 | 4 | — | 102 | |||||||||||||
Federal National Mortgage Association | 231 | 9 | — | 240 | |||||||||||||
Total residential pass-through securities | 329 | 13 | — | 342 | |||||||||||||
Commercial pass-through securities: | |||||||||||||||||
Federal National Mortgage Association | 100,308 | — | 4,716 | 95,592 | |||||||||||||
Total commercial pass-through securities | 100,308 | — | 4,716 | 95,592 | |||||||||||||
Total mortgage-backed securities | 101,114 | 51 | 4,718 | 96,447 | |||||||||||||
Total securities held to maturity | $ | 311,129 | $ | 69 | $ | 12,423 | $ | 298,775 | |||||||||
There were no sales of securities held to maturity during the three months ended September 30, 2013 and September 30, 2012. At September 30, 2013 and June 30, 2013, securities held to maturity with carrying values of approximately $123.3 million and $123.3 million, respectively, were utilized as collateral for borrowings through the FHLB of New York. Held to maturity securities were not utilized to secure public funds on deposit at September 30, 2013 or June 30, 2013. | |||||||||||||||||
The Company’s held to maturity mortgage-backed securities are generally secured by both residential and commercial mortgage loans with original contractual maturities of ten to thirty years. The effective lives of mortgage-backed securities are generally shorter than their contractual maturities due to principal amortization and prepayment of the mortgage loans comprised within those securities. Investors in mortgage pass-through securities generally share in the receipt of principal repayments on a pro-rata basis as paid by the borrowers. By comparison, collateralized mortgage obligations generally represent individual tranches within a larger investment vehicle that is designed to distribute cash flows received on securitized mortgage loans to investors in a manner determined by the overall terms and structure of the investment vehicle and those applying to the individual tranches within that structure. |
Impairment_of_Securities
Impairment of Securities | 3 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||
Impairment of Securities | ' | ||||||||||||||||||||||||
9. IMPAIRMENT OF SECURITIES | |||||||||||||||||||||||||
The following two tables summarize the fair values and gross unrealized losses within the available for sale and held to maturity portfolios. The gross unrealized losses, presented by security type, represent temporary impairments of value within each portfolio as of the dates presented. Temporary impairments within the available for sale portfolio have been recognized through other comprehensive income as reductions in stockholders’ equity on a tax-effected basis. | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||
Securities Available for Sale: | |||||||||||||||||||||||||
At September 30, 2013: | |||||||||||||||||||||||||
U.S. agency securities | $ | 4,867 | $ | 3 | $ | — | $ | — | $ | 4,867 | $ | 3 | |||||||||||||
Obligations of state and political subdivisions | 25,260 | 2,295 | — | — | 25,260 | 2,295 | |||||||||||||||||||
Asset-backed securities | 24,257 | 1,147 | — | — | 24,257 | 1,147 | |||||||||||||||||||
Collateralized loan obligations | 57,519 | 477 | — | — | 57,519 | 477 | |||||||||||||||||||
Corporate bonds | 138,698 | 1,402 | — | — | 138,698 | 1,402 | |||||||||||||||||||
Trust preferred securities | — | — | 6,444 | 1,437 | 6,444 | 1,437 | |||||||||||||||||||
Collateralized mortgage obligations | 59,415 | 3,557 | — | — | 59,415 | 3,557 | |||||||||||||||||||
Residential pass-through securities | 192,540 | 7,606 | — | — | 192,540 | 7,606 | |||||||||||||||||||
Commercial pass-through securities | 89,603 | 4,257 | — | — | 89,603 | 4,257 | |||||||||||||||||||
Total | $ | 592,159 | $ | 20,744 | $ | 6,444 | $ | 1,437 | $ | 598,603 | $ | 22,181 | |||||||||||||
At June 30, 2013: | |||||||||||||||||||||||||
Obligations of state and political subdivisions | $ | 25,307 | $ | 2,253 | $ | — | $ | — | $ | 25,307 | $ | 2,253 | |||||||||||||
Asset-backed securities | 19,675 | 620 | — | — | 19,675 | 620 | |||||||||||||||||||
Collateralized loan obligations | 27,930 | 70 | — | — | 27,930 | 70 | |||||||||||||||||||
Corporate bonds | 149,190 | 949 | — | — | 149,190 | 949 | |||||||||||||||||||
Trust preferred securities | — | — | 6,324 | 1,554 | 6,324 | 1,554 | |||||||||||||||||||
Collateralized mortgage obligations | 60,740 | 3,525 | — | — | 60,740 | 3,525 | |||||||||||||||||||
Residential pass-through securities | 244,429 | 8,545 | — | — | 244,429 | 8,545 | |||||||||||||||||||
Commercial pass-through securities | 89,695 | 4,494 | — | — | 89,695 | 4,494 | |||||||||||||||||||
Total | $ | 616,966 | $ | 20,456 | $ | 6,324 | $ | 1,554 | $ | 623,290 | $ | 22,010 | |||||||||||||
The number of available for sale securities with unrealized losses at September 30, 2013 totaled 160 and included six U.S. agency securities, 70 municipal obligations, three asset-backed securities, 10 collateralized loan obligations, 13 corporate bonds, four trust preferred securities, four collateralized mortgage obligations, 33 residential pass-through securities and 17 commercial pass-through securities. The number of available for sale securities with unrealized losses at June 30, 2013 totaled 153 and included 70 municipal obligations, two asset-backed securities, five collateralized loan obligations, 13 corporate bonds, four trust preferred securities, four collateralized mortgage obligations, 38 residential pass-through securities and 17 commercial pass-through securities. | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||
Securities Held to Maturity: | |||||||||||||||||||||||||
At September 30, 2013: | |||||||||||||||||||||||||
U.S. agency securities | $ | 140,578 | $ | 2,744 | $ | — | $ | — | $ | 140,578 | $ | 2,744 | |||||||||||||
Obligations of state and political subdivisions | 59,115 | 4,032 | — | — | 59,115 | 4,032 | |||||||||||||||||||
Collateralized mortgage obligations | 55 | 1 | 39 | 1 | 94 | 2 | |||||||||||||||||||
Commercial pass-through securities | 95,294 | 4,636 | — | — | 95,294 | 4,636 | |||||||||||||||||||
Total | $ | 295,042 | $ | 11,413 | $ | 39 | $ | 1 | $ | 295,081 | $ | 11,414 | |||||||||||||
At June 30, 2013: | |||||||||||||||||||||||||
U.S. agency securities | $ | 139,699 | $ | 3,622 | $ | — | $ | — | $ | 139,699 | $ | 3,622 | |||||||||||||
Obligations of state and political subdivisions | 59,109 | 4,083 | — | — | 59,109 | 4,083 | |||||||||||||||||||
Collateralized mortgage obligations | 4 | 1 | 44 | 1 | 48 | 2 | |||||||||||||||||||
Commercial pass-through securities | 90,935 | 4,716 | — | — | 90,935 | 4,716 | |||||||||||||||||||
Total | $ | 289,747 | $ | 12,422 | $ | 44 | $ | 1 | $ | 289,791 | $ | 12,423 | |||||||||||||
The number of held to maturity securities with unrealized losses at September 30, 2013 totaled 166 and included seven U.S. agency securities, 132 municipal obligations, seven collateralized mortgage obligations and 20 commercial pass-through securities. The number of held to maturity securities with unrealized losses at June 30, 2013 totaled 162 and included seven U.S. agency securities, 132 municipal obligations, four collateralized mortgage obligations and 19 commercial pass-through securities. | |||||||||||||||||||||||||
In general, if the fair value of a debt security is less than its amortized cost basis at the time of evaluation, the security is “impaired” and the impairment is to be evaluated to determine if it is other than temporary. The Company evaluates the impaired securities in its portfolio for possible other than temporary impairment (OTTI) on at least a quarterly basis. The following represents the circumstances under which an impaired security is determined to be other than temporarily impaired: | |||||||||||||||||||||||||
• | When the Company intends to sell the impaired debt security; | ||||||||||||||||||||||||
• | When the Company more likely than not will be required to sell the impaired debt security before recovery of its amortized cost (for example, whether liquidity requirements or contractual or regulatory obligations indicate that the security will be required to be sold before a forecasted recovery occurs); and | ||||||||||||||||||||||||
• | When an impaired debt security does not meet either of the two conditions above, but the Company does not expect to recover the entire amortized cost of the security. According to applicable accounting guidance for debt securities, this is generally when the present value of cash flows expected to be collected is less than the amortized cost of the security. | ||||||||||||||||||||||||
In the first two circumstances noted above, the amount of OTTI recognized in earnings is the entire difference between the security’s amortized cost basis and its fair value at the balance sheet date. In the third circumstance, however, the OTTI is to be separated into the amount representing the credit loss from the amount related to all other factors. The credit loss component is to be recognized in earnings while the non-credit loss component is to be recognized in other comprehensive income. In these cases, OTTI is generally predicated on an adverse change in cash flows (e.g. principal and/or interest payment deferrals or losses) versus those expected at the time of purchase. The absence of an adverse change in expected cash flows generally indicates that a security’s impairment is related to other “non-credit loss” factors and is thereby generally not recognized as OTTI. | |||||||||||||||||||||||||
The Company considers a variety of factors when determining whether a credit loss exists for an impaired security including, but not limited to: | |||||||||||||||||||||||||
• | The length of time and the extent (a percentage) to which the fair value has been less than the amortized cost basis; | ||||||||||||||||||||||||
• | Adverse conditions specifically related to the security, an industry, or a geographic area (e.g. changes in the financial condition of the issuer of the security, or in the case of an asset backed debt security, in the financial condition of the underlying loan obligors, including changes in technology or the discontinuance of a segment of the business that may affect the future earnings potential of the issuer or underlying loan obligors of the security or changes in the quality of the credit enhancement); | ||||||||||||||||||||||||
• | The historical and implied volatility of the fair value of the security; | ||||||||||||||||||||||||
• | The payment structure of the debt security; | ||||||||||||||||||||||||
• | Actual or expected failure of the issuer of the security to make scheduled interest or principal payments; | ||||||||||||||||||||||||
• | Changes to the rating of the security by external rating agencies; and | ||||||||||||||||||||||||
• | Recoveries or additional declines in fair value subsequent to the balance sheet date. | ||||||||||||||||||||||||
At September 30, 2013 and June 30, 2013, the Company held no securities on which credit-related OTTI had been recognized in earnings. The following discussion summarizes the Company’s rationale for recognizing the impairments reported in the tables above as “temporary” versus “other-than-temporary”. Such rationale is presented by investment type and generally applies consistently to both the available for sale and held to maturity portfolios, except where specifically noted. | |||||||||||||||||||||||||
Mortgage-backed Securities. The carrying value of the Company’s mortgage-backed securities totaled $852.9 million at September 30, 2013 and comprised 62.5% of total investments and 26.3% of total assets as of that date. This category of securities primarily includes mortgage pass-through securities and collateralized mortgage obligations issued by U.S. government agencies and/or government-sponsored entities (“GSEs”) such as Ginnie Mae, Fannie Mae and Freddie Mac who guarantee the contractual cash flows associated with those securities. Those guarantees were strengthened during the 2008-2009 financial crisis during which time Fannie Mae and Freddie Mac were placed into receivership by the federal government. Through those actions, the U.S. government effectively reinforced the guarantees of their agencies thereby strengthening the creditworthiness of the mortgage-backed securities issued by those agencies. | |||||||||||||||||||||||||
With credit risk being reduced to negligible levels due primarily to the U.S. government’s support of most of these agencies, the unrealized losses on the Company’s investment in U.S. agency mortgage-backed securities are due largely to the combined effects of several market-related factors including, most notably, changes in market interest rates. In general, the fair value of certain debt securities, including the Company’s mortgage-backed securities, move inversely with changes in market interest rates. As market interest rates increase, the value of the securities, which are generally characterized by fixed interest rates or adjustable rates that lag the movement in market interest rates, decline and vice-versa. | |||||||||||||||||||||||||
Additionally, movements in market interest rates significantly impact the average lives of mortgage-backed securities by influencing the rate of principal prepayment attributable to refinancing activity. Changes in the expected average lives of such securities significantly impact their fair values due to the extension or contraction of the cash flows that an investor expects to receive over the life of the security. Generally, lower market interest rates prompt greater refinancing activity thereby shortening the average lives of mortgage-backed securities and vice-versa. The historically low mortgage rates prevalent in the marketplace during recent years created significant refinancing incentive for qualified borrowers. | |||||||||||||||||||||||||
Prepayment rates are also influenced by fluctuating real estate values and the overall availability of credit in the marketplace which significantly impacts the ability of borrowers to qualify for refinancing. The residential real estate marketplace in recent years has been characterized by diminished property values and reduced availability of credit due to tightening underwriting standards. As a consequence, the ability of certain borrowers to qualify for the refinancing of existing loans has been reduced while residential real estate purchase activity has been stifled. These factors have partially offset the effects of historically low interest rates on mortgage-backed security prepayment rates. | |||||||||||||||||||||||||
The market price of mortgage-backed securities, being the key measure of the fair value to an investor in such securities, is also influenced by the overall supply and demand for such securities in the marketplace. Absent other factors, an increase in the demand for, or a decrease in the supply of a security increases its price. Conversely, a decrease in the demand for, or an increase in the supply of a security decreases its price. For example, during fiscal 2008 and fiscal 2009, the volatility and uncertainty in the marketplace had reduced the overall level of demand for mortgage-backed securities which generally had an adverse impact on their prices in the open market. This was further exacerbated by many larger institutions shedding mortgage-related assets to shrink their balance sheets for capital adequacy purposes thereby increasing the supply of such securities. | |||||||||||||||||||||||||
Since fiscal 2010, however, institutional demand for mortgage-backed securities has increased reflecting greater stability and liquidity in the financial markets coupled with the intervention of the Federal Reserve as a buyer/holder of such securities. Moreover, many financial institutions are experiencing the effect of diminished loan origination volume resulting in increased institutional demand for mortgage-backed securities as investment alternatives to loans with market prices of agency mortgage-backed securities generally reflecting that increased institutional demand. | |||||||||||||||||||||||||
In sum, the factors influencing the fair value of the Company’s U.S. agency mortgage-backed securities, as described above, generally result from movements in market interest rates and changing real estate and financial market conditions which affect the supply and demand for such securities. Such market conditions may fluctuate over time resulting in certain securities being impaired for periods in excess of 12 months. However, the longevity of such impairment is not necessarily reflective of an expectation for an adverse change in cash flows signifying a credit loss. Consequently, the impairments of value resulting directly from these changing market conditions are considered “noncredit-related” and “temporary” in nature. | |||||||||||||||||||||||||
Finally, the Company has the stated ability and intent to “hold to maturity” those securities so designated at September 30, 2013 and does not intend to sell the temporarily impaired available for sale securities prior to the recovery of their fair value to a level equal to or greater than the Company’s amortized cost. Moreover, the Company has concluded that the possibility of being required to sell the securities prior to their anticipated recovery is unlikely based upon its strong liquidity, asset quality and capital position as of that date. In light of the factors noted, the Company does not consider its U.S. agency and GSE mortgage-backed securities with unrealized losses at September 30, 2013 to be “other-than-temporarily” impaired as of that date. | |||||||||||||||||||||||||
In addition to those mortgage-backed securities issued by U.S. agencies and GSEs, the Company held a nominal balance of non-agency mortgage-backed securities at September 30, 2013. Unlike agency and GSE mortgage-backed securities, non-agency collateralized mortgage obligations are not explicitly guaranteed by a U.S. government sponsored entity. Rather, such securities generally utilize the structure of the larger investment vehicle to reallocate credit risk among the individual tranches comprised within that vehicle. Through this process, investors in different tranches are subject to varying degrees of risk that the cash flows of their tranche will be adversely impacted by borrowers defaulting on the underlying mortgage loans. The creditworthiness of certain tranches may also be further enhanced by additional credit insurance protection embedded within the terms of the total investment vehicle. | |||||||||||||||||||||||||
The fair values of the non-agency mortgage-backed securities are subject to many of the factors applicable to the agency securities that may result in “temporary” impairments in value. However, due to the lack of agency guaranty, the Company also monitors the general level of credit risk for each of its non-agency mortgage-backed securities based upon a variety of factors including, but not limited to, the ratings assigned to its specific tranches by one or more credit rating agencies. As noted above, the level of such ratings and changes thereto, is one of several factors considered by the Company in identifying those securities that may be other-than-temporarily impaired. | |||||||||||||||||||||||||
The classification of impairment as “temporary” is generally reinforced by the Company’s stated intent and ability to “hold to maturity” all of its non-agency mortgage-backed securities which allows for an adequate timeframe during which the fair values of the impaired securities are expected to recover to the level of their amortized cost. However, in the event of a severe deterioration of a security’s credit characteristics – including, but not limited to, a reduction in credit rating below certain internally defined rating thresholds and/or the recognition of credit-related impairment resulting from actual or expected deterioration of cash flows—the Company may re-evaluate and restate its intent to hold an impaired security until the expected recovery of its amortized cost. | |||||||||||||||||||||||||
For example, during the prior fiscal years ended June 30, 2013 and 2012, the Company re-evaluated its intent regarding the retention or sale of its impaired, non-agency collateralized mortgage obligations whose credit-ratings had fallen below the thresholds that generally support an investment grade assessment by the Company. The Company considered the combined effects of the severe deterioration of the securities’ credit ratings since their acquisition as investment grade securities and the actual and anticipated cash flow losses that characterized most of the securities. Based on these factors, the Company modified its intent regarding these impaired securities from “hold to recovery of amortized cost” to “sell” and sold such securities during the periods noted. | |||||||||||||||||||||||||
At September 30, 2013, the Company’s remaining portfolio comprised seven non-agency CMOs held-to-maturity whose carrying values and market values totaled $96,000 and $94,000, respectively. The securities maintained their credit-ratings, where applicable, at levels supporting the investment grade assessment by the Company. The Company has the stated ability and intent to “hold to maturity” those securities at September 30, 2013 and has further concluded that the possibility of being required to sell the securities prior to their anticipated recovery is unlikely based upon its strong liquidity, asset quality and capital position as of that date. In light of the factors noted, the Company does not consider its balance of non-agency mortgage-backed securities with unrealized losses at September 30, 2013 to be “other-than-temporarily” impaired as of that date. | |||||||||||||||||||||||||
U.S. Agency Debt Securities. The carrying value of the Company’s U.S. agency debt securities totaled $149.5 million at September 30, 2013 and comprised 11.0% of total investments and 4.6% of total assets as of that date. Such securities included $144.6 million of fixed rate U.S. agency debentures and $4.9 million of securities representing securitized pools of loans issued and fully guaranteed by the Small Business Administration (“SBA”), a U.S. government agency. | |||||||||||||||||||||||||
With credit risk being reduced to negligible levels due to the issuer’s guarantee, the unrealized losses on the Company’s investment in U.S. agency debentures are due largely to the combined effects of several market-related factors including, most notably, changes in market interest rates. In general, the fair value of certain debt securities, including the Company’s U.S. agency debentures, move inversely with changes in market interest rates. As market interest rates increase, the value of the securities, which are generally characterized by fixed interest rates, decline and vice-versa. | |||||||||||||||||||||||||
The market price of U.S. agency debentures is also influenced by the overall supply and demand for such securities in the marketplace. Absent other factors, an increase in the demand for, or a decrease in the supply of a security increases its price. Conversely, a decrease in the demand for, or an increase in the supply of a security decreases its price. | |||||||||||||||||||||||||
In sum, the factors influencing the fair value of the Company’s U.S. agency debentures, as described above, generally result from movements in market interest rates and changing market conditions which affect the supply and demand for such securities. Those market conditions may fluctuate over time resulting in certain securities being impaired for periods in excess of 12 months. However, the longevity of such impairment is not necessarily reflective of an expectation for an adverse change in cash flows signifying a credit loss. Consequently, the impairments of value resulting directly from these changing market conditions are considered “noncredit-related” and “temporary” in nature. | |||||||||||||||||||||||||
Finally, the Company has the stated ability and intent to “hold to maturity” those securities so designated at September 30, 2013 and does not intend to sell the temporarily impaired available for sale securities prior to the recovery of their fair value to a level equal to or greater than the Company’s amortized cost. Furthermore, the Company has concluded that the possibility of being required to sell the securities prior to their anticipated recovery is unlikely based upon its strong liquidity, asset quality and capital position as of that date. In light of the factors noted, the Company does not consider its balance of U.S. agency securities with unrealized losses at September 30, 2013 to be “other-than-temporarily” impaired as of that date. | |||||||||||||||||||||||||
Obligations of State and Political Subdivisions. The carrying value of the Company’s securities representing obligations of state and political subdivisions totaled $91.6 million at September 30, 2013 and comprised 6.7% of total investments and 2.8% of total assets as of that date. Such securities include approximately $89.0 million of highly-rated, fixed rate bank qualified securities representing general obligations of municipalities located within the U.S. or the obligations of their related entities such as boards of education or school districts. The portfolio also includes a nominal balance of non-rated municipal obligations totaling approximately $2.6 million comprising nine short term, bond anticipation notes (“BANs”) issued by a total of four New Jersey municipalities with whom the Company maintains or seeks to maintain deposit relationships. At September 30, 2013, the fair value of each of the Company’s BANs equaled or exceeded their respective carrying values resulting in no reported impairment on those securities as of that date. | |||||||||||||||||||||||||
As noted earlier, the Company considers the ratings assigned by one or more credit rating agencies, where available, in its evaluation of the impairment attributable to each of its municipal obligations. The Company uses such ratings, in conjunction with the other criteria noted earlier, to identify those securities whose impairments are potentially “credit-related” versus “noncredit-related”. | |||||||||||||||||||||||||
Unrealized losses associated with municipal obligations whose credit ratings exceed certain internally defined thresholds are considered to be indicative of “noncredit-related” impairment given the nominal level of credit losses that would be expected based upon such ratings. That conclusion is generally reinforced, as appropriate, by additional internal analysis supporting the Company’s periodic internal investment grade assessment of the security. | |||||||||||||||||||||||||
At September 30, 2013, each of the Company’s impaired municipal obligations were consistently rated by Moody’s Investors Service (“Moody’s”) and Standard & Poor’s Financial Services (“S&P”) well above the thresholds that generally support the Company’s investment grade assessment with such ratings equaling or exceeding “A” or higher by S&P and/or “A1” or higher by Moody’s, where rated by those agencies. | |||||||||||||||||||||||||
Given the absence of any expectation for an adverse change in cash flows signifying a credit loss, the unrealized losses on the Company’s investment in municipal obligations are due largely to the combined effects of several market-related factors including, most notably, changes in market interest rates. In general, the fair value of certain debt securities, including the Company’s municipal obligations, move inversely with changes in market interest rates. As market interest rates increase, the value of the securities, which are generally characterized by fixed interest rates, decline and vice-versa. | |||||||||||||||||||||||||
The market price of municipal obligations is also influenced by the overall supply and demand for such securities in the marketplace. While these factors may generally reflect the level of available liquidity in the marketplace, demand for individual securities will specifically reflect investors’ assessment of an issuer’s creditworthiness and resulting expectations for timely and full repayment in accordance with the terms of the applicable security agreement. Absent other factors, an increase in the demand for, or a decrease in the supply of a security increases its price. Conversely, a decrease in the demand for, or an increase in the supply of a security decreases its price. | |||||||||||||||||||||||||
In sum, the factors influencing the fair value of the Company’s municipal obligations, as described above, generally result from movements in market interest rates and changing market conditions which affect the supply and demand for such securities. Those market conditions may fluctuate over time resulting in certain securities being impaired for periods in excess of 12 months. However, the longevity of such impairment is not necessarily reflective of an expectation for an adverse change in cash flows signifying a credit loss. Consequently, the impairments of value resulting directly from these changing market conditions are considered “noncredit-related” and “temporary” in nature. | |||||||||||||||||||||||||
Finally, the Company has the stated ability and intent to “hold to maturity” those securities so designated at September 30, 2013 and does not intend to sell the temporarily impaired available for sale securities prior to the recovery of their fair value to a level equal to or greater than the Company’s amortized cost. Furthermore, the Company has concluded that the possibility of being required to sell the securities prior to their anticipated recovery is unlikely based upon its strong liquidity, asset quality and capital position as of that date. In light of the factors noted, the Company does not consider its balance of obligations of state and political subdivisions with unrealized losses at September 30, 2013 to be “other-than-temporarily” impaired as of that date. | |||||||||||||||||||||||||
Asset-backed Securities. The carrying value of the Company’s asset-backed securities totaled $24.3 million at September 30, 2013 and comprised 1.8% of total investments and less than once percent of total assets as of that date. This category of securities is comprised entirely of structured, floating-rate securities representing securitized federal education loans with 97% U.S. government guarantees. The securities represent tranches of a larger investment vehicle designed to reallocate credit risk among the individual tranches comprised within that vehicle. Through this process, investors in different tranches are subject to varying degrees of risk that the cash flows of their tranche will be adversely impacted by borrowers defaulting on the underlying loans. The Company’s securities represent the highest credit-quality tranches within the overall structures with each being rated “AA+” by S&P at September 30, 2013. | |||||||||||||||||||||||||
With credit risk being reduced to nominal levels due to the guarantees and structural support noted above, the unrealized losses on the Company’s investment in asset-backed securities are due largely to the combined effects of several market-related factors including changes in market interest rates and fluctuating demand for such securities in the marketplace. In general, the fair value of certain debt securities, including the Company’s asset-backed securities, move inversely with changes in market interest rates. As market interest rates increase, the value of the securities decline and vice-versa. However, the floating-rate nature of the Company’s asset-backed securities greatly reduces their sensitivity to such changes in market rates. | |||||||||||||||||||||||||
More significantly, the market price of asset-backed securities is also influenced by the overall supply and demand for such securities in the marketplace. Absent other factors, an increase in the demand for, or a decrease in the supply of a security increases its price. Conversely, a decrease in the demand for, or an increase in the supply of a security decreases its price. | |||||||||||||||||||||||||
In sum, the factors influencing the fair value of the Company’s asset-backed securities, as described above, generally result from movements in market interest rates and changing market conditions which affect the supply and demand for such securities. Those market conditions may fluctuate over time resulting in certain securities being impaired for periods in excess of 12 months. However, the longevity of such impairment is not necessarily reflective of an expectation for an adverse change in cash flows signifying a credit loss. Consequently, the impairments of value resulting directly from these changing market conditions are considered “noncredit-related” and “temporary” in nature. | |||||||||||||||||||||||||
Finally, the Company does not intend to sell the temporarily impaired available for sale securities prior to the recovery of their fair value to a level equal to or greater than the Company’s amortized cost. Furthermore, the Company has concluded that the possibility of being required to sell the securities prior to their anticipated recovery is unlikely based upon its strong liquidity, asset quality and capital position as of September 30, 2013. In light of the factors noted, the Company does not consider its balance of asset-backed securities with unrealized losses at September 30, 2013 to be “other-than-temporarily” impaired as of that date. | |||||||||||||||||||||||||
Collateralized Loan Obligations. The outstanding balance of the Company’s collateralized loan obligations totaled $79.9 million at September 30, 2013 and comprised 5.9% of total investments and 2.5% of total assets as of that date. This category of securities is comprised entirely of structured, floating-rate securities comprised primarily of securitized commercial loans to large, U.S. corporations. The Company’s securities represent tranches of a larger investment vehicle designed to reallocate cash flows and credit risk among the individual tranches comprised within that vehicle. Through this process, investors in different tranches are subject to varying degrees of risk that the cash flows of their tranche will be adversely impacted by borrowers defaulting on the underlying loans. | |||||||||||||||||||||||||
As noted earlier, the Company considers the ratings assigned by one or more credit rating agencies, where available, in its evaluation of the impairment attributable to each of its collateralized loan obligations. The Company uses such ratings, in conjunction with the other criteria noted earlier, to identify those securities whose impairments are potentially “credit-related” versus “noncredit-related”. | |||||||||||||||||||||||||
Unrealized losses associated with collateralized loan obligations whose credit ratings exceed certain internally defined thresholds are considered to be indicative of “noncredit-related” impairment given the nominal level of credit losses that would be expected based upon such ratings. That conclusion is generally reinforced, as appropriate, by additional internal analysis supporting the Company’s periodic internal investment grade assessment of the security. | |||||||||||||||||||||||||
At September 30, 2013, each of the Company’s impaired collateralized loan obligations were consistently rated by Moody’s and S&P well above the thresholds that generally support the Company’s investment grade assessment with such ratings equaling or exceeding “AA” or higher by S&P and/or “Aa1” or higher by Moody’s, where rated by those agencies. | |||||||||||||||||||||||||
Given the absence of any expectation for an adverse change in cash flows signifying a credit loss, the unrealized losses on the Company’s investment in collateralized loan obligations are due largely to the combined effects of several market-related factors including changes in market interest rates and fluctuating demand for such securities in the marketplace. In general, the fair value of certain debt securities, including the Company’s collateralized loan obligations, move inversely with changes in market interest rates. As market interest rates increase, the value of the securities decline and vice-versa. However, the floating-rate nature of the Company’s collateralized loan obligations greatly reduces their sensitivity to such changes in market rates. | |||||||||||||||||||||||||
More significantly, the market price of collateralized loan obligations is also influenced by the overall supply and demand for such securities in the marketplace. While these factors may generally reflect the level of available liquidity in the marketplace, demand for individual securities will specifically reflect the performance of the underlying collateral in conjunction with the resiliency of the security’s structural support as they affect investors’ expectations for timely and full repayment. Absent other factors, an increase in the demand for, or a decrease in the supply of a security increases its price. Conversely, a decrease in the demand for, or an increase in the supply of a security decreases its price. | |||||||||||||||||||||||||
In sum, the factors influencing the fair value of the Company’s collateralized loan obligations, as described above, generally result from movements in market interest rates and changing market conditions which affect the supply and demand for such securities. Those market conditions may fluctuate over time resulting in certain securities being impaired for periods in excess of 12 months. However, the longevity of such impairment is not necessarily reflective of an expectation for an adverse change in cash flows signifying a credit loss. Consequently, the impairments of value resulting directly from these changing market conditions are considered “noncredit-related” and “temporary” in nature. | |||||||||||||||||||||||||
Finally, the Company does not intend to sell the temporarily impaired available for sale securities prior to the recovery of their fair value to a level equal to or greater than the Company’s amortized cost. Furthermore, the Company has concluded that the possibility of being required to sell the securities prior to their anticipated recovery is unlikely based upon its strong liquidity, asset quality and capital position as of September 30, 2013. In light of the factors noted, the Company does not consider its balance of collateralized loan obligations with unrealized losses at September 30, 2013 to be “other-than-temporarily” impaired as of that date. | |||||||||||||||||||||||||
Corporate Bonds. The carrying value of the Company’s corporate bonds totaled $158.8 million at September 30, 2013 and comprised 11.6% of total investments and 4.9% of total assets as of that date. This category of securities is comprised entirely of floating-rate corporate debt obligations of large financial institutions. | |||||||||||||||||||||||||
As noted earlier, the Company considers the ratings assigned by one or more credit rating agencies, where available, in its evaluation of the impairment attributable to each of its corporate bonds. The Company uses such ratings, in conjunction with the other criteria noted earlier, to identify those securities whose impairments are potentially “credit-related” versus “noncredit-related”. | |||||||||||||||||||||||||
Unrealized losses associated with corporate bonds whose credit ratings exceed certain internally defined thresholds are considered to be indicative of “noncredit-related” impairment given the nominal level of credit losses that would be expected based upon such ratings. That conclusion is generally reinforced, as appropriate, by additional internal analysis supporting the Company’s periodic internal investment grade assessment of the security. | |||||||||||||||||||||||||
At September 30, 2013, each of the Company’s impaired corporate bonds were consistently rated by Moody’s and S&P well above the thresholds that generally support the Company’s investment grade assessment with such ratings equaling or exceeding “A-” or higher by S&P and/or “A3” or higher by Moody’s, where rated by those agencies. | |||||||||||||||||||||||||
Given the absence of any expectation for an adverse change in cash flows signifying a credit loss, the unrealized losses on the Company’s investment in corporate bonds are due largely to the combined effects of several market-related factors including changes in market interest rates and fluctuating demand for such securities in the marketplace. In general, the fair value of certain debt securities, including the Company’s corporate bonds, move inversely with changes in market interest rates. As market interest rates increase, the value of the securities decline and vice-versa. However, the floating-rate nature of the Company’s corporate bonds greatly reduces their sensitivity to such changes in market rates. | |||||||||||||||||||||||||
More significantly, the market price of corporate bonds is also influenced by the overall supply and demand for such securities in the marketplace. While these factors may generally reflect the level of available liquidity in the marketplace, demand for individual securities will specifically reflect investors’ assessment of an issuer’s creditworthiness and resulting expectations for timely and full repayment in accordance with the terms of the applicable security agreement. Absent other factors, an increase in the demand for, or a decrease in the supply of a security increases its price. Conversely, a decrease in the demand for, or an increase in the supply of a security decreases its price. | |||||||||||||||||||||||||
In sum, the factors influencing the fair value of the Company’s corporate bonds, as described above, generally result from movements in market interest rates and changing market conditions which affect the supply and demand for such securities. Those market conditions may fluctuate over time resulting in certain securities being impaired for periods in excess of 12 months. However, the longevity of such impairment is not necessarily reflective of an expectation for an adverse change in cash flows signifying a credit loss. Consequently, the impairments of value resulting directly from these changing market conditions are considered “noncredit-related” and “temporary” in nature. | |||||||||||||||||||||||||
Finally, the Company does not intend to sell the temporarily impaired available for sale securities prior to the recovery of their fair value to a level equal to or greater than the Company’s amortized cost. Furthermore, the Company has concluded that the possibility of being required to sell the securities prior to their anticipated recovery is unlikely based upon its strong liquidity, asset quality and capital position as of September 30, 2013. In light of the factors noted, the Company does not consider its balance of corporate bonds with unrealized losses at September 30, 2013 to be “other-than-temporarily” impaired as of that date. | |||||||||||||||||||||||||
Trust Preferred Securities. The carrying value of the Company’s trust preferred securities totaled $7.4 million at September 30, 2013 and comprised less than one percent of total investments and total assets as of that date. The category comprises a total of five “single-issuer” (i.e. non-pooled) trust preferred securities, four of which are impaired as of September 30, 2013, that were originally issued by four separate financial institutions. As a result of bank mergers involving the issuers of these securities, the Company’s five trust preferred securities currently represent the de-facto obligations of three separate financial institutions. | |||||||||||||||||||||||||
As noted earlier, the Company considers the ratings assigned by one or more credit rating agencies, where such ratings are available, in its evaluation of the impairment attributable to each of its trust preferred securities. The Company uses such ratings, in conjunction with other criteria, to identify those securities whose impairments are potentially “credit-related” versus “noncredit-related”. | |||||||||||||||||||||||||
Unrealized losses associated with trust preferred securities whose credit ratings exceed certain internally defined thresholds are considered to be indicative of “noncredit-related” impairment given the nominal level of credit losses that would be expected based upon such ratings. That conclusion is generally reinforced, as appropriate, by additional internal analysis supporting the Company’s internal investment grade assessment of the security. | |||||||||||||||||||||||||
At September 30, 2013, the Company owned two securities at an amortized cost of $3.0 million that were consistently rated by Moody’s and S&P above the thresholds that generally support the Company’s investment grade assessment. The securities were originally issued through Chase Capital II and currently represent de-facto obligations of JPMorgan Chase & Co. | |||||||||||||||||||||||||
The Company has attributed the unrealized losses on these securities to the combined effects of several market-related factors including movements in market interest rates and general level of liquidity of such securities in the marketplace based on overall supply and demand. | |||||||||||||||||||||||||
With regard to interest rates, the Company’s impaired trust preferred securities are variable rate securities whose interest rates generally float with three month LIBOR plus a margin. Based upon the historically low level of short term market interest rates, the current yield on these securities is comparatively low. Consequently, the fair value of the securities, as determined based upon their market price, reflects the adverse effects of the historically low market interest rates at September 30, 2013. | |||||||||||||||||||||||||
More significantly, the market prices of the impaired trust preferred securities also currently reflect the effect of reduced demand for such securities given the increasingly credit risk-averse nature of financial institutions in the current marketplace. Additionally, such prices reflect the effects of increased supply arising from financial institutions selling such investments and reducing assets for capital adequacy purposes, as noted earlier. | |||||||||||||||||||||||||
In addition to the securities noted above, the Company owned two additional trust preferred securities at an amortized cost of $4.9 million whose external credit ratings by both S&P and Moody’s fell below the thresholds that the Company normally associates with investment grade securities. The securities were originally issued through BankBoston Capital Trust IV and MBNA Capital B and currently represent de-facto obligations of Bank of America Corporation. | |||||||||||||||||||||||||
The Company’s evaluation of the unrealized loss associated with these securities considered a variety of factors to determine if any portion of the impairment was credit-related at September 30, 2013. Factors generally considered in such evaluations included the financial strength and viability of the issuer and its parent company, the security’s historical performance through prior business and economic cycles, rating consistency or variability among rating companies, the security’s current and anticipated status regarding payment default or deferral of contractual payments to investors and the impact of these factors on the present value of the security’s expected future cash flows in relation to its amortized cost basis. | |||||||||||||||||||||||||
In its evaluation, the Company noted the overall financial strength and continuing expected viability of the issuing entity’s parent, particularly given their systemically critical role in the marketplace. The Company noted the security’s absence of historical defaults or payment deferrals throughout prior business cycles including the recent fiscal crisis that triggered the current economic weaknesses prevalent in the marketplace. Given these factors, the Company had no basis upon which to estimate an adverse change in the expected cash flows over the securities’ remaining terms to maturity. | |||||||||||||||||||||||||
In sum, the factors influencing the fair value of the Company’s trust preferred securities and the resulting impairment attributable to each generally resulted from movements in market interest rates and changing market conditions which affect the supply and demand for such securities. Such market conditions may generally fluctuate over time resulting in the securities being impaired for periods in excess of 12 months. However, the longevity of such impairment is not reflective of an expectation for an adverse change in cash flows signifying a credit loss. Consequently, the impairments of value arising from these changing market conditions are both “noncredit-related” and “temporary” in nature. | |||||||||||||||||||||||||
Finally, the Company does not intend to sell the temporarily impaired available for sale securities prior to the recovery of their fair value to a level equal to or greater than the Company’s amortized cost. Furthermore, the Company has concluded that the possibility of being required to sell the securities prior to their anticipated recovery is unlikely based upon its strong liquidity, asset quality and capital position as of September 30, 2013. In light of the factors noted, the Company does not consider its investments in trust preferred securities with unrealized losses at September 30, 2013 to be “other-than-temporarily” impaired as of that date. |
Loan_Quality_and_Allowance_for
Loan Quality and Allowance for Loan Losses | 3 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Loan Quality and Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||||||
10. LOAN QUALITY AND ALLOWANCE FOR LOAN LOSSES | |||||||||||||||||||||||||||||||||
Past Due Loans. A loan’s “past due” status is generally determined based upon its “P&I delinquency” status in conjunction with its “past maturity” status, where applicable. A loan’s “P&I delinquency” status is based upon the number of calendar days between the date of the earliest P&I payment due and the “as of” measurement date. A loan’s “past maturity” status, where applicable, is based upon the number of calendar days between a loan’s contractual maturity date and the “as of” measurement date. Based upon the larger of these criteria, loans are categorized into the following “past due” tiers for financial statement reporting and disclosure purposes: Current (including 1-29 days past due), 30-59 days, 60-89 days and 90 or more days. | |||||||||||||||||||||||||||||||||
Nonaccrual Loans. Loans are generally placed on nonaccrual status when contractual payments become 90 days or more past due, and are otherwise placed on nonaccrual when the Company does not expect to receive all P&I payments owed substantially in accordance with the terms of the loan agreement. Loans that become 90 days past maturity, but remain non-delinquent with regard to ongoing P&I payments may remain on accrual status if: (1) the Company expects to receive all P&I payments owed substantially in accordance with the terms of the loan agreement, past maturity status notwithstanding, and (2) the borrower is working actively and cooperatively with the Company to remedy the past maturity status through an expected refinance, payoff or modification of the loan agreement that is not expected to result in a troubled debt restructuring (“TDR”) classification. All TDRs are placed on nonaccrual status for a period of no less than six months after restructuring, irrespective of past due status. The sum of nonaccrual loans plus accruing loans that are 90 days or more past due are generally defined as “nonperforming loans”. | |||||||||||||||||||||||||||||||||
Payments received in cash on nonaccrual loans, including both the principal and interest portions of those payments, are generally applied to reduce the carrying value of the loan for financial statement purposes. When a loan is returned to accrual status, any accumulated interest payments previously applied to the carrying value of the loan during its nonaccrual period are recognized as interest income as an adjustment to the loan’s yield over its remaining term. | |||||||||||||||||||||||||||||||||
Loans that are not considered to be TDRs are generally returned to accrual status when payments due are brought current and the Company expects to receive all remaining P&I payments owed substantially in accordance with the terms of the loan agreement. Non-TDR loans may also be returned to accrual status when a loan’s payment status falls below 90 days past due and the Company: (1) expects receipt of the remaining past due amounts within a reasonable timeframe, and (2) expects to receive all remaining P&I payments owed substantially in accordance with the terms of the loan agreement. | |||||||||||||||||||||||||||||||||
Acquired Loans. Loans that we acquire through acquisitions are recorded at fair value with no carryover of the related allowance for credit losses. Determining the fair value of the loans involves estimating the amount and timing of principal and interest cash flows expected to be collected on the loans and discounting those cash flows at a market rate of interest. | |||||||||||||||||||||||||||||||||
The excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loan. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the nonaccretable discount. The nonaccretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent decreases to the expected cash flows require us to evaluate the need for an allowance for credit losses. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the nonaccretable discount which we then reclassify as accretable discount that is recognized into interest income over the remaining life of the loan using the interest method. Our evaluation of the amount of future cash flows that we expect to collect is performed in a similar manner as that used to determine our allowance for credit losses. Charge-offs of the principal amount on acquired loans would be first applied to the nonaccretable discount portion of the fair value adjustment. | |||||||||||||||||||||||||||||||||
Acquired loans that met the criteria for nonaccrual of interest prior to the acquisition may be considered performing upon acquisition, regardless of whether the customer is contractually delinquent, if we can reasonably estimate the timing and amount of the expected cash flows on such loans and if we expect to fully collect the new carrying value of the loans. As such, we may no longer consider the loan to be nonaccrual or nonperforming and may accrue interest on these loans, including the impact of any accretable discount. | |||||||||||||||||||||||||||||||||
At September 30, 2013, the remaining outstanding principal balance and carrying amount of acquired credit-impaired loans totaled approximately $12,481,000 and $10,178,000 respectively. By comparison, at June 30, 2013, the remaining outstanding principal balance and carrying amount of acquired credit-impaired loans totaled approximately $9,874,000 and $6,050,000 respectively. The increase in the balances between comparative periods primarily reflects the Company’s repurchase of a prior participant’s interest in a performing loan that was originally designated as credit impaired at the time of acquisition. | |||||||||||||||||||||||||||||||||
The carrying amount of acquired credit-impaired loans for which interest is not being recognized due to the uncertainty of the cash flows relating to such loans totaled $1,939,000 and $1,952,000 at September 30, 2013 and June 30, 2013, respectively. | |||||||||||||||||||||||||||||||||
The balance of the allowance for loan losses at September 30, 2013 and June 30, 2013 included approximately $16,000 and $17,000 of valuation allowances, respectively, for a specifically identified impairment attributable to acquired credit-impaired loans. The valuation allowances were attributable to additional impairment recognized on the applicable loans subsequent to their acquisition, net of any charge offs recognized during that time. | |||||||||||||||||||||||||||||||||
The following table presents the changes in the accretable yield relating to the acquired credit-impaired loans for the three months ended September 30, 2013 and September 30, 2012. | |||||||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | ||||||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Beginning balance | $ | 741 | $ | 1,461 | |||||||||||||||||||||||||||||
Accretion to interest income | (55 | ) | (188 | ) | |||||||||||||||||||||||||||||
Disposals | — | (91 | ) | ||||||||||||||||||||||||||||||
Reclassifications from nonaccretable difference | 1,494 | — | |||||||||||||||||||||||||||||||
Ending balance | $ | 2,180 | $ | 1,182 | |||||||||||||||||||||||||||||
Classification of Assets. In compliance with the regulatory guidelines, the Company’s loan review system includes an evaluation process through which certain loans exhibiting adverse credit quality characteristics are classified “Special Mention”, “Substandard”, “Doubtful” or “Loss”. | |||||||||||||||||||||||||||||||||
An asset is classified as “Substandard” if it is inadequately protected by the paying capacity and net worth of the obligor or the collateral pledged, if any. Substandard assets include those characterized by the distinct possibility that the insured institution will sustain some loss if the deficiencies are not corrected. Assets classified as “Doubtful” have all of the weaknesses inherent in those classified as “Substandard”, with the added characteristic that the weaknesses present make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions and values. Assets, or portions thereof, classified as “Loss” are considered uncollectible or of so little value that their continuance as assets is not warranted. | |||||||||||||||||||||||||||||||||
Management evaluates loans classified as substandard or doubtful for impairment in accordance with applicable accounting requirements. As discussed in greater detail below, a valuation allowance is established through the provision for loan losses for any impairment identified through such evaluations. To the extent that impairment identified on a loan is classified as “Loss”, that portion of the loan is charged off against the allowance for loan losses. In a limited number of cases, the entire net carrying value of a loan may be determined to be impaired based upon a collateral-dependent impairment analysis. However, the borrower’s adherence to contractual repayment terms precludes the recognition of a “Loss” classification and charge off. In these limited cases, a valuation allowance equal to 100% of the impaired loan’s carrying value may be maintained against the net carrying value of the asset. | |||||||||||||||||||||||||||||||||
The classification of loan impairment as “Loss” is based upon a confirmed expectation for loss. For loans primarily secured by real estate, the expectation for loss is generally confirmed when: (a) impairment is identified on a loan individually evaluated in the manner described below and, (b) the loan is presumed to be collateral-dependent such that the source of loan repayment is expected to arise solely from sale of the collateral securing the applicable loan. Impairment identified on non-collateral-dependent loans may or may not be eligible for a “Loss” classification depending upon the other salient facts and circumstances that affect the manner and likelihood of loan repayment. However, loan impairment that is classified as “Loss” is charged off against the ALLL concurrent with that classification. | |||||||||||||||||||||||||||||||||
Assets which do not currently expose the Company to a sufficient degree of risk to warrant an adverse classification but have some credit deficiencies or other potential weaknesses are designated as “Special Mention” by management. Adversely classified assets, together with those rated as “Special Mention”, are generally referred to as “Classified Assets”. Non-classified assets are internally rated within one of four “Pass” categories or as “Watch” with the latter denoting a potential deficiency or concern that warrants increased oversight or tracking by management until remediated. | |||||||||||||||||||||||||||||||||
Management performs a classification of assets review, including the regulatory classification of assets, generally on a monthly basis. The results of the classification of assets review are validated by the Company’s third party loan review firm during their quarterly, independent review. In the event of a difference in rating or classification between those assigned by the internal and external resources, the Company will generally utilize the more critical or conservative rating or classification. Final loan ratings and regulatory classifications are presented monthly to the Board of Directors and are reviewed by regulators during the examination process. | |||||||||||||||||||||||||||||||||
Allowance for Loan Losses. The allowance for loan losses is a valuation account that reflects the Company’s estimation of the losses in its loan portfolio to the extent they are both probable and reasonable to estimate. The balance of the allowance is generally maintained through provisions for loan losses that are charged to income in the period that estimated losses on loans are identified by the Company’s loan review system. The Company charges confirmed losses on loans against the allowance as such losses are identified. Recoveries on loans previously charged-off are added back to the allowance. | |||||||||||||||||||||||||||||||||
The Company’s allowance for loan loss calculation methodology utilizes a “two-tier” loss measurement process that is generally performed monthly. Based upon the results of the classification of assets and credit file review processes described earlier, the Company first identifies the loans that must be reviewed individually for impairment. Factors considered in identifying individual loans to be reviewed include, but may not be limited to, loan type, classification status, contractual payment status, performance/accrual status and impaired status. | |||||||||||||||||||||||||||||||||
The loans considered by the Company to be eligible for individual impairment review include its commercial mortgage loans, comprising multi-family and nonresidential real estate loans, construction loans, commercial business loans as well as its one-to-four family mortgage loans comprising first mortgage loans, home equity loans and home equity lines of credit. | |||||||||||||||||||||||||||||||||
A reviewed loan is deemed to be impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. Once a loan is determined to be impaired, management performs an analysis to determine the amount of impairment associated with that loan. | |||||||||||||||||||||||||||||||||
In measuring the impairment associated with collateral dependent loans, the fair value of the real estate collateralizing the loan is generally used as a measurement proxy for that of the impaired loan itself as a practical expedient. Such values are generally determined based upon a discounted market value obtained through an automated valuation module or prepared by a qualified, independent real estate appraiser. | |||||||||||||||||||||||||||||||||
The Company generally obtains independent appraisals on properties securing mortgage loans when such loans are initially placed on nonperforming or impaired status with such values updated approximately every six to twelve months thereafter throughout the collections, bankruptcy and/or foreclosure processes. Appraised values are typically updated at the point of foreclosure, where applicable, and approximately every six to twelve months thereafter while the repossessed property is held as real estate owned. | |||||||||||||||||||||||||||||||||
As supported by accounting and regulatory guidance, the Company reduces the fair value of the collateral by estimated selling costs, such as real estate brokerage commissions, to measure impairment when such costs are expected to reduce the cash flows available to repay the loan. | |||||||||||||||||||||||||||||||||
The Company establishes valuation allowances in the fiscal period during which the loan impairments are identified. The results of management’s individual loan impairment evaluations are validated by the Company’s third party loan review firm during their quarterly, independent review. Such valuation allowances are adjusted in subsequent fiscal periods, where appropriate, to reflect any changes in carrying value or fair value identified during subsequent impairment evaluations which are generally updated monthly by management. | |||||||||||||||||||||||||||||||||
The second tier of the loss measurement process involves estimating the probable and estimable losses which addresses loans not otherwise reviewed individually for impairment as well as those individually reviewed loans that are determined to be non-impaired. Such loans include groups of smaller-balance homogeneous loans that may generally be excluded from individual impairment analysis, and therefore collectively evaluated for impairment, as well as the non-impaired loans within categories that are otherwise eligible for individual impairment review. | |||||||||||||||||||||||||||||||||
Valuation allowances established through the second tier of the loss measurement process utilize historical and environmental loss factors to collectively estimate the level of probable losses within defined segments of the Company’s loan portfolio. These segments aggregate homogeneous subsets of loans with similar risk characteristics based upon loan type. For allowance for loan loss calculation and reporting purposes, the Company currently stratifies its loan portfolio into seven primary segments: residential mortgage loans, commercial mortgage loans, construction loans, commercial business loans, home equity loans, home equity lines of credit and other consumer loans. Each primary segment is further stratified to distinguish between loans originated and purchased through third parties from loans acquired through business combinations. Commercial business loans include secured and unsecured loans as well as loans originated through SBA programs. Additional criteria may be used to further group loans with common risk characteristics. For example, such criteria may distinguish between loans secured by different collateral types or separately identify loans supported by government guarantees such as those issued by the SBA. | |||||||||||||||||||||||||||||||||
In regard to historical loss factors, the Company’s allowance for loan loss calculation calls for an analysis of historical charge-offs and recoveries for each of the defined segments within the loan portfolio. The Company currently utilizes a two-year moving average of annual net charge-off rates (charge-offs net of recoveries) by loan segment, where available, to calculate its actual, historical loss experience. The outstanding principal balance of the non-impaired portion of each loan segment is multiplied by the applicable historical loss factor to estimate the level of probable losses based upon the Company’s historical loss experience. | |||||||||||||||||||||||||||||||||
The timeframe between when loan impairment is first identified by the Company and when such impairment may ultimately be charged off varies by loan type. For example, unsecured consumer and commercial loans are generally classified as “Loss” at 120 days past due resulting in their outstanding balances being charged off at that time. | |||||||||||||||||||||||||||||||||
By contrast, the timing of charges offs regarding the impairment associated with secured loans has historically been far more variable. The Company’s secured loans, comprising a large majority of its loan total portfolio, consist primarily of residential and nonresidential mortgage loans and commercial/business loans secured by properties located in New Jersey where the foreclosure process currently takes 24-36 months to complete. The charge off of impairments relating to secured loans are generally recognized upon the confirmation of an expected loss which is generally triggered by the condition of collateral dependency. While the facts and circumstances that affect the manner and likelihood of repayment vary from loan to loan, the Company generally considers the referral of a loan to foreclosure, coupled with the absence of other viable sources of loan repayment, to be demonstrable evidence of collateral dependency. Depending upon the nature of the collections process applicable to a particular loan, an early determination of collateral dependency could result in a nearly concurrent charge off of a newly identified impairment. By contrast, a presumption of collateral dependency may only be determined after the completion of lengthy loan collection and/or workout efforts, including bankruptcy proceedings, which may extend several months or more after a loan’s impairment is first identified. | |||||||||||||||||||||||||||||||||
As noted, the second tier of the Company’s allowance for loan loss calculation also utilizes environmental loss factors to estimate the probable losses within the loan portfolio. Environmental loss factors are based upon specific qualitative criteria representing key sources of risk within the loan portfolio. Such risk criteria includes the level of and trends in nonperforming loans; the effects of changes in credit policy; the experience, ability and depth of the lending function’s management and staff; national and local economic trends and conditions; credit risk concentrations and changes in local and regional real estate values. For each category of the loan portfolio, a level of risk, developed from a number of internal and external resources, is assigned to each of the qualitative criteria utilizing a scale ranging from zero (negligible risk) to 15 (high risk), with higher values potentially ascribed to exceptional levels of risk that exceed the standard range, as appropriate. The sum of the risk values, expressed as a whole number, is multiplied by .01% to arrive at an overall environmental loss factor, expressed in basis points, for each loan category. | |||||||||||||||||||||||||||||||||
The Company’s ALLL calculation methodology incorporates its risk-rating classification system into the calculation of environmental loss factors by loan type. The risk-rating classification system ascribes a numerical rating of “1” through “9” to each loan within the portfolio. The ratings “5” through “9” represent the numerical equivalents of the traditional loan classifications “Watch”, “Special Mention”, “Substandard”, “Doubtful” and “Loss”, respectively, while lower ratings, “1” through “4”, represent risk-ratings within the least risky “Pass” category. The environmental loss factor applicable to each non-impaired loan within a category, as described above, is “weighted” by a multiplier based upon the loan’s risk-rating classification. Within any single loan category, a “higher” environmental loss factor is ascribed to those loans with comparatively higher risk-rating classifications resulting in a proportionately greater ALLL requirement attributable to such loans compared to the comparatively lower risk-rated loans within that category. | |||||||||||||||||||||||||||||||||
In evaluating the impact of the level and trends in nonperforming loans on environmental loss factors, the Company first broadly considers the occurrence and overall magnitude of prior losses recognized on such loans over an extended period of time. For this purpose, losses are considered to include both charge offs as well as loan impairments for which valuation allowances have been recognized through provisions to the allowance for loan losses, but have not yet been charged off. To the extent that prior losses have generally been recognized on nonperforming loans within a category, a basis is established to recognize existing losses on loans collectively evaluated for impairment based upon the current levels of nonperforming loans within that category. Conversely, the absence of material prior losses attributable to delinquent or nonperforming loans within a category may significantly diminish, or even preclude, the consideration of the level of nonperforming loans in the calculation of the environmental loss factors attributable to that category of loans. | |||||||||||||||||||||||||||||||||
Once the basis for considering the level of nonperforming loans on environmental loss factors is established, the Company then considers the current dollar amount of nonperforming loans by loan type in relation to the total outstanding balance of loans within the category. A greater portion of nonperforming loans within a category in relation to the total suggests a comparatively greater level of risk and expected loss within that loan category and vice-versa. | |||||||||||||||||||||||||||||||||
In addition to considering the current level of nonperforming loans in relation to the total outstanding balance for each category, the Company also considers the degree to which those levels have changed from period to period. A significant and sustained increase in nonperforming loans over a 12-24 month period suggests a growing level of expected loss within that loan category and vice-versa. | |||||||||||||||||||||||||||||||||
As noted above, the Company considers these factors in a qualitative, rather than quantitative fashion when ascribing the risk value, as described above, to the level and trends of nonperforming loans that is applicable to a particular loan category. As with all environmental loss factors, the risk value assigned ultimately reflects the Company’s best judgment as to the level of expected losses on loans collectively evaluated for impairment. | |||||||||||||||||||||||||||||||||
The sum of the probable and estimable loan losses calculated through the first and second tiers of the loss measurement processes as described above, represents the total targeted balance for the Company’s allowance for loan losses at the end of a fiscal period. As noted earlier, the Company establishes all additional valuation allowances in the fiscal period during which additional individually identified loan impairments and additional estimated losses on loans collectively evaluated for impairment are identified. The Company adjusts its balance of valuation allowances through the provision for loan losses as required to ensure that the balance of the allowance for loan losses reflects all probable and estimable loans losses at the close of the fiscal period. Notwithstanding calculation methodology and the noted distinction between valuation allowances established on loans collectively versus individually evaluated for impairment, the Company’s entire allowance for loan losses is available to cover all charge-offs that arise from the loan portfolio. | |||||||||||||||||||||||||||||||||
Although management believes that the Company’s allowance for loans losses is established in accordance with management’s best estimate, actual losses are dependent upon future events and, as such, further additions to the level of loan loss allowances may be necessary. | |||||||||||||||||||||||||||||||||
The following tables present the balance of the allowance for loan losses at September 30, 2013 and June 30, 2013 based upon the calculation methodology described above. The table identifies the valuation allowances attributable to identified impairments on individually evaluated loans, including those acquired with deteriorated credit quality, as well as those valuation allowances for impairments on loans evaluated collectively. The underlying balance of loans receivable applicable to each category is also presented. The balance of loans receivable reported in the tables below excludes yield adjustments and the allowance for loan losses. | |||||||||||||||||||||||||||||||||
Allowance for Loan Losses and Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Balance of allowance for loan losses: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 832 | $ | 391 | $ | — | $ | — | $ | 91 | $ | — | $ | — | $ | 1,314 | |||||||||||||||||
Loans collectively evaluated for impairment | 2,691 | 5,332 | 72 | 258 | 299 | 36 | 11 | 8,699 | |||||||||||||||||||||||||
Allowance for loan losses on originated and purchased loans | 3,523 | 5,723 | 72 | 258 | 390 | 36 | 11 | 10,013 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | — | — | — | 16 | — | — | — | 16 | |||||||||||||||||||||||||
Other acquired loans individually evaluated for impairment | — | 44 | — | 394 | — | — | — | 438 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 24 | 453 | 31 | 312 | 79 | 40 | — | 939 | |||||||||||||||||||||||||
Allowance for loan losses on loans acquired at fair value | 24 | 497 | 31 | 722 | 79 | 40 | — | 1,393 | |||||||||||||||||||||||||
Total allowance for loan losses | $ | 3,547 | $ | 6,220 | $ | 103 | $ | 980 | $ | 469 | $ | 76 | $ | 11 | $ | 11,406 | |||||||||||||||||
Changes in the allowance for loan losses for the three months ended September 30, 2013: | |||||||||||||||||||||||||||||||||
At June 30, 2013: | |||||||||||||||||||||||||||||||||
Allocated | $ | 3,660 | $ | 5,359 | $ | 81 | $ | 1,218 | $ | 490 | $ | 76 | $ | 12 | $ | 10,896 | |||||||||||||||||
Unallocated | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total allowance for loan losses | 3,660 | 5,359 | 81 | 1,218 | 490 | 76 | 12 | 10,896 | |||||||||||||||||||||||||
Total charge offs | (230 | ) | (34 | ) | — | (408 | ) | (34 | ) | — | (1 | ) | (707 | ) | |||||||||||||||||||
Total recoveries | 18 | 28 | — | 2 | 1 | — | — | 49 | |||||||||||||||||||||||||
Total allocated provisions | 99 | 867 | 22 | 168 | 12 | — | — | 1,168 | |||||||||||||||||||||||||
Total unallocated provisions | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
At September 30, 2013: | |||||||||||||||||||||||||||||||||
Allocated | 3,547 | 6,220 | 103 | 980 | 469 | 76 | 11 | 11,406 | |||||||||||||||||||||||||
Unallocated | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total allowance for loan losses | $ | 3,547 | $ | 6,220 | $ | 103 | $ | 980 | $ | 469 | $ | 76 | $ | 11 | $ | 11,406 | |||||||||||||||||
Changes in the allowance for loan losses for the three months ended September 30, 2012: | |||||||||||||||||||||||||||||||||
At June 30, 2012: | |||||||||||||||||||||||||||||||||
Allocated | $ | 4,572 | $ | 3,443 | $ | 277 | $ | 1,310 | $ | 447 | $ | 54 | $ | 14 | $ | 10,117 | |||||||||||||||||
Unallocated | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total allowance for loan losses | 4,572 | 3,443 | 277 | 1,310 | 447 | 54 | 14 | 10,117 | |||||||||||||||||||||||||
Total charge offs | (499 | ) | (13 | ) | — | (116 | ) | (6 | ) | — | (1 | ) | (635 | ) | |||||||||||||||||||
Total recoveries | 9 | — | — | 17 | — | 2 | — | 28 | |||||||||||||||||||||||||
Total allocated provisions | 33 | 162 | (45 | ) | 190 | (12 | ) | 11 | — | 339 | |||||||||||||||||||||||
Total unallocated provisions | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
At September 30, 2012: | |||||||||||||||||||||||||||||||||
Allocated | 4,115 | 3,592 | 232 | 1,401 | 429 | 67 | 13 | 9,849 | |||||||||||||||||||||||||
Unallocated | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total allowance for loan losses | $ | 4,115 | $ | 3,592 | $ | 232 | $ | 1,401 | $ | 429 | $ | 67 | $ | 13 | $ | 9,849 | |||||||||||||||||
Balance of loans receivable: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 14,514 | $ | 7,926 | $ | — | $ | 1,073 | $ | 799 | $ | — | $ | — | $ | 24,312 | |||||||||||||||||
Loans collectively evaluated for impairment | 494,621 | 664,478 | 5,299 | 26,338 | 66,332 | 10,586 | 4,384 | 1,272,038 | |||||||||||||||||||||||||
Total originated and purchased loans | 509,135 | 672,404 | 5,299 | 27,411 | 67,131 | 10,586 | 4,384 | 1,296,350 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | — | 1,347 | 315 | 8,516 | — | — | — | 10,178 | |||||||||||||||||||||||||
Other acquired loans individually evaluated for impairment | 359 | 2,063 | 2,122 | 2,280 | 541 | 625 | — | 7,990 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 1,276 | 109,655 | 2,556 | 32,255 | 12,151 | 15,085 | 128 | 173,106 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,635 | 113,065 | 4,993 | 43,051 | 12,692 | 15,710 | 128 | 191,274 | |||||||||||||||||||||||||
Total loans | $ | 510,770 | $ | 785,469 | $ | 10,292 | $ | 70,462 | $ | 79,823 | $ | 26,296 | $ | 4,512 | 1,487,624 | ||||||||||||||||||
Unamortized yield adjustments | (1,980 | ) | |||||||||||||||||||||||||||||||
Loans receivable | $ | 1,485,644 | |||||||||||||||||||||||||||||||
Allowance for Loan Losses and Loans Receivable | |||||||||||||||||||||||||||||||||
at June 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Balance of allowance for loan losses: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 697 | $ | 430 | $ | — | $ | — | $ | 110 | $ | — | $ | — | $ | 1,237 | |||||||||||||||||
Loans collectively evaluated for impairment | 2,939 | 4,356 | 50 | 252 | 300 | 35 | 12 | 7,944 | |||||||||||||||||||||||||
Allowance for loan losses on originated and purchased loans | 3,636 | 4,786 | 50 | 252 | 410 | 35 | 12 | 9,181 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | — | — | — | 17 | — | — | — | 17 | |||||||||||||||||||||||||
Other acquired loans individually evaluated for impairment | — | 84 | — | 740 | — | — | — | 824 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 24 | 489 | 31 | 209 | 80 | 41 | — | 874 | |||||||||||||||||||||||||
Allowance for loan losses on loans acquired at fair value | 24 | 573 | 31 | 966 | 80 | 41 | — | 1,715 | |||||||||||||||||||||||||
Total allowance for loan losses | $ | 3,660 | $ | 5,359 | $ | 81 | $ | 1,218 | $ | 490 | $ | 76 | $ | 12 | $ | 10,896 | |||||||||||||||||
Balance of loans receivable: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 14,412 | $ | 7,865 | $ | — | $ | 1,076 | $ | 1,145 | $ | — | $ | — | $ | 24,498 | |||||||||||||||||
Loans collectively evaluated for impairment | 484,575 | 540,491 | 5,717 | 25,975 | 65,581 | 10,461 | 4,145 | 1,136,945 | |||||||||||||||||||||||||
Total originated and purchased loans | 498,987 | 548,356 | 5,717 | 27,051 | 66,726 | 10,461 | 4,145 | 1,161,443 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | — | 1,230 | 316 | 4,504 | — | — | — | 6,050 | |||||||||||||||||||||||||
Other acquired loans individually evaluated for impairment | 359 | 2,079 | 2,570 | 2,746 | 606 | 626 | — | 8,986 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 1,301 | 115,163 | 3,248 | 36,387 | 13,481 | 15,526 | 133 | 185,239 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,660 | 118,472 | 6,134 | 43,637 | 14,087 | 16,152 | 133 | 200,275 | |||||||||||||||||||||||||
Total loans | $ | 500,647 | $ | 666,828 | $ | 11,851 | $ | 70,688 | $ | 80,813 | $ | 26,613 | $ | 4,278 | 1,361,718 | ||||||||||||||||||
Unamortized yield adjustments | (847 | ) | |||||||||||||||||||||||||||||||
Loans receivable | $ | 1,360,871 | |||||||||||||||||||||||||||||||
The following tables present key indicators of credit quality regarding the Company’s loan portfolio based upon loan classification and contractual payment status at September 30, 2013 and June 30, 2013. | |||||||||||||||||||||||||||||||||
Credit-Rating Classification of Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Non-classified | $ | 493,111 | $ | 662,377 | $ | 3,804 | $ | 25,974 | $ | 66,182 | $ | 10,463 | $ | 4,315 | $ | 1,266,226 | |||||||||||||||||
Classified: | |||||||||||||||||||||||||||||||||
Special mention | 1,241 | 795 | 1,495 | 78 | 150 | 28 | 42 | 3,829 | |||||||||||||||||||||||||
Substandard | 14,783 | 8,935 | — | 1,359 | 799 | 95 | 27 | 25,998 | |||||||||||||||||||||||||
Doubtful | — | 297 | — | — | — | — | — | 297 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total classified loans | 16,024 | 10,027 | 1,495 | 1,437 | 949 | 123 | 69 | 30,124 | |||||||||||||||||||||||||
Total originated and purchased loans | 509,135 | 672,404 | 5,299 | 27,411 | 67,131 | 10,586 | 4,384 | 1,296,350 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Non-classified | 1,276 | 104,110 | — | 27,104 | 11,974 | 15,058 | 122 | 159,644 | |||||||||||||||||||||||||
Classified: | |||||||||||||||||||||||||||||||||
Special mention | — | 4,760 | 1,300 | 4,842 | 117 | 27 | 4 | 11,050 | |||||||||||||||||||||||||
Substandard | 359 | 4,195 | 3,693 | 11,099 | 601 | 625 | 2 | 20,574 | |||||||||||||||||||||||||
Doubtful | — | — | — | 6 | — | — | — | 6 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total classified loans | 359 | 8,955 | 4,993 | 15,947 | 718 | 652 | 6 | 31,630 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,635 | 113,065 | 4,993 | 43,051 | 12,692 | 15,710 | 128 | 191,274 | |||||||||||||||||||||||||
Total loans | $ | 510,770 | $ | 785,469 | $ | 10,292 | $ | 70,462 | $ | 79,823 | $ | 26,296 | $ | 4,512 | $ | 1,487,624 | |||||||||||||||||
Credit-Rating Classification of Loans Receivable | |||||||||||||||||||||||||||||||||
at June 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Non-classified | $ | 482,462 | $ | 538,544 | $ | 5,717 | $ | 25,630 | $ | 65,353 | $ | 10,339 | $ | 4,118 | $ | 1,132,163 | |||||||||||||||||
Classified: | |||||||||||||||||||||||||||||||||
Special mention | 1,843 | 983 | — | 50 | 228 | 28 | — | 3,132 | |||||||||||||||||||||||||
Substandard | 14,682 | 8,527 | — | 1,371 | 1,145 | 94 | 27 | 25,846 | |||||||||||||||||||||||||
Doubtful | — | 302 | — | — | — | — | — | 302 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total classified loans | 16,525 | 9,812 | — | 1,421 | 1,373 | 122 | 27 | 29,280 | |||||||||||||||||||||||||
Total originated and purchased loans | 498,987 | 548,356 | 5,717 | 27,051 | 66,726 | 10,461 | 4,145 | 1,161,443 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Non-classified | 1,301 | 109,559 | 820 | 31,062 | 13,419 | 15,450 | 132 | 171,743 | |||||||||||||||||||||||||
Classified: | |||||||||||||||||||||||||||||||||
Special mention | — | 4,548 | 1,300 | 4,932 | 62 | 76 | — | 10,918 | |||||||||||||||||||||||||
Substandard | 359 | 4,365 | 4,014 | 7,554 | 606 | 626 | 1 | 17,525 | |||||||||||||||||||||||||
Doubtful | — | — | — | 89 | — | — | — | 89 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total classified loans | 359 | 8,913 | 5,314 | 12,575 | 668 | 702 | 1 | 28,532 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,660 | 118,472 | 6,134 | 43,637 | 14,087 | 16,152 | 133 | 200,275 | |||||||||||||||||||||||||
Total loans | $ | 500,647 | $ | 666,828 | $ | 11,851 | $ | 70,688 | $ | 80,813 | $ | 26,613 | $ | 4,278 | $ | 1,361,718 | |||||||||||||||||
Contractual Payment Status of Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Current | $ | 496,517 | $ | 666,451 | $ | 5,299 | $ | 25,964 | $ | 66,834 | $ | 10,467 | $ | 4,012 | $ | 1,275,544 | |||||||||||||||||
Past due: | |||||||||||||||||||||||||||||||||
30-59 days | 883 | 626 | — | 355 | 289 | 119 | 48 | 2,320 | |||||||||||||||||||||||||
60-89 days | 1,182 | 179 | — | 74 | — | — | 71 | 1,506 | |||||||||||||||||||||||||
90+ days | 10,553 | 5,148 | — | 1,018 | 8 | — | 253 | 16,980 | |||||||||||||||||||||||||
Total past due | 12,618 | 5,953 | — | 1,447 | 297 | 119 | 372 | 20,806 | |||||||||||||||||||||||||
Total originated and purchased loans | 509,135 | 672,404 | 5,299 | 27,411 | 67,131 | 10,586 | 4,384 | 1,296,350 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Current | 1,276 | 110,486 | 3,742 | 38,811 | 11,971 | 14,768 | 122 | 181,176 | |||||||||||||||||||||||||
Past due: | |||||||||||||||||||||||||||||||||
30-59 days | — | 449 | — | 589 | 334 | 317 | 1 | 1,690 | |||||||||||||||||||||||||
60-89 days | — | 256 | — | 332 | 152 | — | 3 | 743 | |||||||||||||||||||||||||
90+ days | 359 | 1,874 | 1,251 | 3,319 | 235 | 625 | 2 | 7,665 | |||||||||||||||||||||||||
Total past due | 359 | 2,579 | 1,251 | 4,240 | 721 | 942 | 6 | 10,098 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,635 | 113,065 | 4,993 | 43,051 | 12,692 | 15,710 | 128 | 191,274 | |||||||||||||||||||||||||
Total loans | $ | 510,770 | $ | 785,469 | $ | 10,292 | $ | 70,462 | $ | 79,823 | $ | 26,296 | $ | 4,512 | $ | 1,487,624 | |||||||||||||||||
Contractual Payment Status of Loans Receivable | |||||||||||||||||||||||||||||||||
at June 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Current | $ | 484,836 | $ | 542,504 | $ | 5,717 | $ | 26,141 | $ | 66,186 | $ | 10,346 | $ | 3,925 | $ | 1,139,655 | |||||||||||||||||
Past due: | |||||||||||||||||||||||||||||||||
30-59 days | 2,297 | 836 | — | — | 21 | 115 | 166 | 3,435 | |||||||||||||||||||||||||
60-89 days | 1,515 | — | — | — | 186 | — | 27 | 1,728 | |||||||||||||||||||||||||
90+ days | 10,339 | 5,016 | — | 910 | 333 | — | 27 | 16,625 | |||||||||||||||||||||||||
Total past due | 14,151 | 5,852 | — | 910 | 540 | 115 | 220 | 21,788 | |||||||||||||||||||||||||
Total originated and purchased loans | 498,987 | 548,356 | 5,717 | 27,051 | 66,726 | 10,461 | 4,145 | 1,161,443 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Current | 1,301 | 116,150 | 4,448 | 39,819 | 13,295 | 15,477 | 124 | 190,614 | |||||||||||||||||||||||||
Past due: | |||||||||||||||||||||||||||||||||
30-59 days | — | 258 | — | 45 | 433 | — | 8 | 744 | |||||||||||||||||||||||||
60-89 days | — | 186 | — | 284 | 62 | 49 | — | 581 | |||||||||||||||||||||||||
90+ days | 359 | 1,878 | 1,686 | 3,489 | 297 | 626 | 1 | 8,336 | |||||||||||||||||||||||||
Total past due | 359 | 2,322 | 1,686 | 3,818 | 792 | 675 | 9 | 9,661 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,660 | 118,472 | 6,134 | 43,637 | 14,087 | 16,152 | 133 | 200,275 | |||||||||||||||||||||||||
Total loans | $ | 500,647 | $ | 666,828 | $ | 11,851 | $ | 70,688 | $ | 80,813 | $ | 26,613 | $ | 4,278 | $ | 1,361,718 | |||||||||||||||||
The following tables present information relating to the Company’s nonperforming and impaired loans at September 30, 2013 and June 30, 2013. Loans reported as “90+ days past due accruing” in the table immediately below are also reported in the preceding contractual payment status table under the heading “90+ days past due”. | |||||||||||||||||||||||||||||||||
Performance Status of Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Performing | $ | 497,973 | $ | 664,569 | $ | 5,299 | $ | 26,338 | $ | 67,058 | $ | 10,586 | $ | 4,131 | $ | 1,275,954 | |||||||||||||||||
Nonperforming: | |||||||||||||||||||||||||||||||||
90+ days past due accruing | — | — | — | — | — | — | 226 | 226 | |||||||||||||||||||||||||
Nonaccrual | 11,162 | 7,835 | — | 1,073 | 73 | — | 27 | 20,170 | |||||||||||||||||||||||||
Total nonperforming | 11,162 | 7,835 | — | 1,073 | 73 | — | 253 | 20,396 | |||||||||||||||||||||||||
Total originated and purchased loans | 509,135 | 672,404 | 5,299 | 27,411 | 67,131 | 10,586 | 4,384 | 1,296,350 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Performing | 1,276 | 110,688 | 2,556 | 39,549 | 12,457 | 15,085 | 126 | 181,737 | |||||||||||||||||||||||||
Nonperforming: | |||||||||||||||||||||||||||||||||
90+ days past due accruing | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Nonaccrual | 359 | 2,377 | 2,437 | 3,502 | 235 | 625 | 2 | 9,537 | |||||||||||||||||||||||||
Total nonperforming | 359 | 2,377 | 2,437 | 3,502 | 235 | 625 | 2 | 9,537 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,635 | 113,065 | 4,993 | 43,051 | 12,692 | 15,710 | 128 | 191,274 | |||||||||||||||||||||||||
Total loans | $ | 510,770 | $ | 785,469 | $ | 10,292 | $ | 70,462 | $ | 79,823 | $ | 26,296 | $ | 4,512 | $ | 1,487,624 | |||||||||||||||||
Performance Status of Loans Receivable | |||||||||||||||||||||||||||||||||
at June 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Performing | $ | 487,671 | $ | 540,585 | $ | 5,717 | $ | 25,975 | $ | 66,320 | $ | 10,461 | $ | 4,118 | $ | 1,140,847 | |||||||||||||||||
Nonperforming: | |||||||||||||||||||||||||||||||||
90+ days past due accruing | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Nonaccrual | 11,316 | 7,771 | — | 1,076 | 406 | — | 27 | 20,596 | |||||||||||||||||||||||||
Total nonperforming | 11,316 | 7,771 | — | 1,076 | 406 | — | 27 | 20,596 | |||||||||||||||||||||||||
Total originated and purchased loans | 498,987 | 548,356 | 5,717 | 27,051 | 66,726 | 10,461 | 4,145 | 1,161,443 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Performing | 1,301 | 116,080 | 3,248 | 39,877 | 13,790 | 15,526 | 132 | 189,954 | |||||||||||||||||||||||||
Nonperforming: | |||||||||||||||||||||||||||||||||
90+ days past due accruing | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Nonaccrual | 359 | 2,392 | 2,886 | 3,760 | 297 | 626 | 1 | 10,321 | |||||||||||||||||||||||||
Total nonperforming | 359 | 2,392 | 2,886 | 3,760 | 297 | 626 | 1 | 10,321 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,660 | 118,472 | 6,134 | 43,637 | 14,087 | 16,152 | 133 | 200,275 | |||||||||||||||||||||||||
Total loans | $ | 500,647 | $ | 666,828 | $ | 11,851 | $ | 70,688 | $ | 80,813 | $ | 26,613 | $ | 4,278 | $ | 1,361,718 | |||||||||||||||||
Impairment Status of Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Carrying value of impaired loans: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Non-impaired loans | $ | 494,621 | $ | 664,478 | $ | 5,299 | $ | 26,338 | $ | 66,332 | $ | 10,586 | $ | 4,384 | $ | 1,272,038 | |||||||||||||||||
Impaired loans: | |||||||||||||||||||||||||||||||||
Impaired loans with no allowance for impairment | 11,912 | 7,538 | — | 1,073 | 682 | — | — | 21,205 | |||||||||||||||||||||||||
Impaired loans with allowance for impairment: | |||||||||||||||||||||||||||||||||
Unpaid principal balance | 2,602 | 388 | — | — | 117 | — | — | 3,107 | |||||||||||||||||||||||||
Allowance for impairment | (832 | ) | (391 | ) | — | — | (91 | ) | — | — | (1,314 | ) | |||||||||||||||||||||
Balance of impaired loans net of allowance for impairment | 1,770 | (3 | ) | — | — | 26 | — | — | 1,793 | ||||||||||||||||||||||||
Total impaired loans, excluding allowance | 14,514 | 7,926 | — | 1,073 | 799 | — | — | 24,312 | |||||||||||||||||||||||||
Total originated and purchased loans | 509,135 | 672,404 | 5,299 | 27,411 | 67,131 | 10,586 | 4,384 | 1,296,350 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Non-impaired loans | 1,276 | 109,655 | 2,556 | 32,255 | 12,151 | 15,085 | 128 | 173,106 | |||||||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||||||||||||||
Impaired loans with no allowance for impairment | 359 | 2,908 | 2,437 | 10,134 | 541 | 625 | — | 17,004 | |||||||||||||||||||||||||
Impaired loans with allowance for impairment: | |||||||||||||||||||||||||||||||||
Unpaid principal balance | — | 502 | — | 662 | — | — | — | 1,164 | |||||||||||||||||||||||||
Allowance for impairment | — | (44 | ) | — | (410 | ) | — | — | — | (454 | ) | ||||||||||||||||||||||
Balance of impaired loans net of allowance for impairment | — | 458 | — | 252 | — | — | — | 710 | |||||||||||||||||||||||||
Total impaired loans, excluding allowance | 359 | 3,410 | 2,437 | 10,796 | 541 | 625 | — | 18,168 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,635 | 113,065 | 4,993 | 43,051 | 12,692 | 15,710 | 128 | 191,274 | |||||||||||||||||||||||||
Total loans | $ | 510,770 | $ | 785,469 | $ | 10,292 | $ | 70,462 | $ | 79,823 | $ | 26,296 | $ | 4,512 | $ | 1,487,624 | |||||||||||||||||
Unpaid principal balance of impaired loans: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | $ | 20,785 | $ | 9,097 | $ | — | $ | 1,117 | $ | 822 | $ | — | $ | — | $ | 31,821 | |||||||||||||||||
Loans acquired at fair value | 417 | 4,070 | 2,976 | 12,537 | 574 | 625 | — | 21,199 | |||||||||||||||||||||||||
Total impaired loans | $ | 21,202 | $ | 13,167 | $ | 2,976 | $ | 13,654 | $ | 1,396 | $ | 625 | $ | — | $ | 53,020 | |||||||||||||||||
For the three months ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Average balance of impaired loans | $ | 14,655 | $ | 11,305 | $ | 2,764 | $ | 8,927 | $ | 1,579 | $ | 664 | $ | — | $ | 39,894 | |||||||||||||||||
Interest earned on impaired loans | $ | 47 | $ | 46 | $ | — | $ | 183 | $ | 16 | $ | — | $ | — | $ | 292 | |||||||||||||||||
For the three months ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Average balance of impaired loans | $ | 16,359 | $ | 12,332 | $ | 1,840 | $ | 9,000 | $ | 1,790 | $ | 48 | $ | — | $ | 41,369 | |||||||||||||||||
Interest earned on impaired loans | $ | 40 | $ | 58 | $ | — | $ | 91 | $ | 13 | $ | 3 | $ | — | $ | 205 | |||||||||||||||||
Impairment Status of Loans Receivable | |||||||||||||||||||||||||||||||||
at June 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Carrying value of impaired loans: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Non-impaired loans | $ | 484,575 | $ | 540,491 | $ | 5,717 | $ | 25,975 | $ | 65,581 | $ | 10,461 | $ | 4,145 | $ | 1,136,945 | |||||||||||||||||
Impaired loans: | |||||||||||||||||||||||||||||||||
Impaired loans with no allowance for impairment | 11,758 | 7,470 | — | 1,076 | 1,026 | — | — | 21,330 | |||||||||||||||||||||||||
Impaired loans with allowance for impairment: | |||||||||||||||||||||||||||||||||
Unpaid principal balance | 2,654 | 395 | — | — | 119 | — | — | 3,168 | |||||||||||||||||||||||||
Allowance for impairment | (697 | ) | (430 | ) | — | — | (110 | ) | — | — | (1,237 | ) | |||||||||||||||||||||
Balance of impaired loans net of allowance for impairment | 1,957 | (35 | ) | — | — | 9 | — | — | 1,931 | ||||||||||||||||||||||||
Total impaired loans, excluding allowance | 14,412 | 7,865 | — | 1,076 | 1,145 | — | — | 24,498 | |||||||||||||||||||||||||
Total originated and purchased loans | 498,987 | 548,356 | 5,717 | 27,051 | 66,726 | 10,461 | 4,145 | 1,161,443 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Non-impaired loans | 1,301 | 115,163 | 3,248 | 36,387 | 13,481 | 15,526 | 133 | 185,239 | |||||||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||||||||||||||
Impaired loans with no allowance for impairment | 359 | 2,795 | 2,886 | 6,251 | 606 | 626 | — | 13,523 | |||||||||||||||||||||||||
Impaired loans with allowance for impairment: | |||||||||||||||||||||||||||||||||
Unpaid principal balance | — | 514 | — | 999 | — | — | — | 1,513 | |||||||||||||||||||||||||
Allowance for impairment | — | (84 | ) | — | (757 | ) | — | — | — | (841 | ) | ||||||||||||||||||||||
Balance of impaired loans net of allowance for impairment | — | 430 | — | 242 | — | — | — | 672 | |||||||||||||||||||||||||
Total impaired loans, excluding allowance | 359 | 3,309 | 2,886 | 7,250 | 606 | 626 | — | 15,036 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,660 | 118,472 | 6,134 | 43,637 | 14,087 | 16,152 | 133 | 200,275 | |||||||||||||||||||||||||
Total loans | $ | 500,647 | $ | 666,828 | $ | 11,851 | $ | 70,688 | $ | 80,813 | $ | 26,613 | $ | 4,278 | $ | 1,361,718 | |||||||||||||||||
Unpaid principal balance of impaired loans: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | $ | 20,682 | $ | 8,956 | $ | — | $ | 1,120 | $ | 1,169 | $ | — | $ | — | $ | 31,927 | |||||||||||||||||
Loans acquired at fair value | 417 | 4,077 | 3,419 | 10,168 | 614 | 626 | — | 19,321 | |||||||||||||||||||||||||
Total impaired loans | $ | 21,099 | $ | 13,033 | $ | 3,419 | $ | 11,288 | $ | 1,783 | $ | 626 | $ | — | $ | 51,248 | |||||||||||||||||
Troubled Debt Restructurings (“TDRs”). A modification to the terms of a loan is generally considered a TDR if the Bank grants a concession to the borrower that it would not otherwise consider for economic or legal reasons related to the debtor’s financial difficulties. In granting the concession, the Bank’s general objective is to make the best of a difficult situation by obtaining more cash or other value from the borrower or otherwise increase the probability of repayment. | |||||||||||||||||||||||||||||||||
A TDR may include, but is not necessarily limited to, the modification of loan terms such as a temporary or permanent reduction of the loan’s stated interest rate, extension of the maturity date and/or reduction or deferral of amounts owed under the terms of the loan agreement. In measuring the impairment associated with restructured loans that qualify as TDRs, the Company compares the cash flows under the loan’s existing terms with those that are expected to be received in accordance with its modified terms. The difference between the comparative cash flows is discounted at the loan’s effective interest rate prior to modification to measure the associated impairment. The impairment is charged off directly against the allowance for loan loss at the time of restructuring resulting in a reduction in carrying value of the modified loan that is accreted into interest income as a yield adjustment over the remaining term of the modified cash flows. | |||||||||||||||||||||||||||||||||
All restructured loans that qualify as TDRs are placed on nonaccrual status for a period of no less than six months after restructuring, irrespective of the borrower’s adherence to a TDR’s modified repayment terms during which time TDRs continue to be adversely classified and reported as impaired. TDRs may be returned to accrual status if (1) the borrower has paid timely P&I payments in accordance with the terms of the restructured loan agreement for no less than six consecutive months after restructuring, and (2) the Company expects to receive all P&I payments owed substantially in accordance with the terms of the restructured loan agreement at which time the loan may also be returned to a non-adverse classification while retaining its impaired status. | |||||||||||||||||||||||||||||||||
The following table presents information regarding the restructuring of the Company’s troubled debts during the three months ended September 30, 2013 and September 30, 2012 and any defaults during those periods of TDRs that were restructured within 12 months of the date of default. | |||||||||||||||||||||||||||||||||
Troubled Debt Restructurings of Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(in Thousands) | |||||||||||||||||||||||||||||||||
Troubled debt restructuring activity for the three months ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Pre-modification outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Post-modification outstanding recorded investment | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Charge offs against the allowance for loan loss for impairment recognized at modification | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Pre-modification outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Post-modification outstanding recorded investment | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Charge offs against the allowance for loan loss for impairment recognized at modification | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Troubled debt restructuring defaults | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Number of loans | 1 | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||
Outstanding recorded investment | $ | 54 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 54 | |||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Troubled Debt Restructurings of Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2012 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(in Thousands) | |||||||||||||||||||||||||||||||||
Troubled debt restructuring activity for the three months ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | 1 | — | — | 1 | |||||||||||||||||||||||||
Pre-modification outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | 99 | $ | — | $ | — | $ | 99 | |||||||||||||||||
Post-modification outstanding recorded investment | — | — | — | — | 94 | — | — | 94 | |||||||||||||||||||||||||
Charge offs against the allowance for loan loss for impairment recognized at modification | — | — | — | — | 7 | — | — | 7 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Pre-modification outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Post-modification outstanding recorded investment | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Charge offs against the allowance for loan loss for impairment recognized at modification | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Troubled debt restructuring defaults | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
The manner in which the terms of a loan are modified through a troubled debt restructuring generally includes one or more of the following changes to the loan’s repayment terms: | |||||||||||||||||||||||||||||||||
• | Interest Rate Reduction: Temporary or permanent reduction of the interest rate charged against the outstanding balance of the loan. | ||||||||||||||||||||||||||||||||
• | Capitalization of Prior Past Dues: Capitalization of prior amounts due to the outstanding balance of the loan. | ||||||||||||||||||||||||||||||||
• | Extension of Maturity or Balloon Date: Extending the term of the loan past its original balloon or maturity date. | ||||||||||||||||||||||||||||||||
• | Deferral of Principal Payments: Temporary deferral of the principal portion of a loan payment. | ||||||||||||||||||||||||||||||||
• | Payment Recalculation and Re-amortization: Recalculation of the recurring payment obligation and resulting loan amortization/repayment schedule based on the loan’s modified terms. |
Borrowings
Borrowings | 3 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||
Borrowings | ' | ||||||||||||||||
11. BORROWINGS | |||||||||||||||||
Fixed rate advances from the FHLB of New York mature as follows: | |||||||||||||||||
September 30, 2013 | June 30, 2013 | ||||||||||||||||
Amount | Weighted | Amount | Weighted | ||||||||||||||
Average | Average | ||||||||||||||||
Interest | Interest | ||||||||||||||||
Rate | Rate | ||||||||||||||||
Maturing in years ending June 30: | |||||||||||||||||
2014 | $ | 235,000 | 0.39 | % | $ | 105,000 | 0.39 | % | |||||||||
2015 | — | — | — | — | |||||||||||||
2018 | — | — | — | — | |||||||||||||
2021 | 832 | 4.94 | 854 | 4.94 | |||||||||||||
2023 | 145,000 | 3.04 | 145,000 | 3.04 | |||||||||||||
380,832 | 1.41 | % | 250,854 | 1.94 | % | ||||||||||||
Fair value adjustments | 73 | 77 | |||||||||||||||
$ | 380,905 | $ | 250,931 | ||||||||||||||
At September 30, 2013, $235.0 million in advances are due within one year and comprise $175.0 million of 90 day advances coupled with $60.0 million of overnight borrowings. The remaining $145.8 million in advances are due after one year of which $145.0 million are callable in April 2018. | |||||||||||||||||
At September 30, 2013, FHLB advances were collateralized by the FHLB capital stock owned by the Bank and mortgage loans and securities with carrying values totaling approximately $445.5 million and $214.7 million, respectively. At June 30, 2013, FHLB advances were collateralized by the FHLB capital stock owned by the Bank and mortgage loans and securities with carrying values totaling approximately $433.2 million and $222.7 million, respectively. | |||||||||||||||||
Borrowings at September 30, 2013 and June 30, 2013 also included overnight borrowings in the form of depositor sweep accounts totaling $36.2 million and $36.8 million, respectively. Depositor sweep accounts are short term borrowings representing funds that are withdrawn from a customer’s noninterest-bearing deposit account and invested in an uninsured overnight investment account that is collateralized by specified investment securities owned by the Bank. |
Derivative_Instruments_and_Hed
Derivative Instruments and Hedging Activities | 3 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||
Derivative Instruments and Hedging Activities | ' | ||||||||||||||
12. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES | |||||||||||||||
The Company has entered into interest rate derivative agreements to manage the interest rate exposure relating to certain wholesale funding positions drawn during the period. Such sources of wholesale funding included floating-rate brokered money market deposits indexed to one-month LIBOR as well as 90 day fixed-rate FHLB advances that are forecasted to be periodically redrawn at maturity for the same 90 day term as the original advance. All the Company’s derivative agreements have been designated as cash flow hedges with changes in their fair value recorded as an adjustment through other comprehensive income on an after-tax basis. | |||||||||||||||
The effects of derivative instruments on the Consolidated Financial Statements for September 30, 2013 and June 30, 2013 are as follows: | |||||||||||||||
Notional/ | Fair Value | Balance Sheet | Expiration Date | ||||||||||||
Contract | Location | ||||||||||||||
Amount | |||||||||||||||
(Dollars in Thousands) | |||||||||||||||
Derivatives designated as hedging instruments | |||||||||||||||
At September 30, 2013: | |||||||||||||||
Interest rate swaps: | |||||||||||||||
Effective July 1, 2013 | $ | 165,000 | $ | 646 | Other assets | July 1, 2018 | |||||||||
Effective June 5, 2015 | 60,000 | 862 | Other assets | 5-Jun-20 | |||||||||||
Effective August 19, 2013 | 75,000 | (1,057 | ) | Other assets | August 20, 2018 | ||||||||||
Interest rate caps: | |||||||||||||||
Effective June 5, 2013 | 40,000 | 1,248 | Other assets | 5-Jun-18 | |||||||||||
Effective July 1, 2013 | 35,000 | 1,119 | Other assets | 1-Jul-18 | |||||||||||
Total | $ | 375,000 | $ | 2,818 | |||||||||||
At June 30, 2013: | |||||||||||||||
Interest rate swaps: | |||||||||||||||
Effective July 1, 2013 | $ | 165,000 | $ | 1,617 | Other assets | 1-Jul-18 | |||||||||
Effective June 5, 2015 | 60,000 | 1,220 | Other assets | 5-Jun-20 | |||||||||||
Interest rate caps: | |||||||||||||||
Effective June 5, 2013 | 40,000 | 1,485 | Other assets | 5-Jun-18 | |||||||||||
Effective July 1, 2013 | 35,000 | 1,323 | Other assets | 1-Jul-18 | |||||||||||
Total | $ | 300,000 | $ | 5,645 | |||||||||||
Amount of Gain | Location of Gain | Amount of | |||||||||||||
(Loss) | (Loss) Recognized | Gain (Loss) | |||||||||||||
Recognized in | in Income on | Recognized in | |||||||||||||
OCI on | Derivatives | Income on | |||||||||||||
Derivatives, net | (Ineffective | Derivatives | |||||||||||||
of tax (Effective | Portion) | (Ineffective | |||||||||||||
Portion) | Portion) | ||||||||||||||
(Dollars in Thousands) | |||||||||||||||
Derivatives in cash flow hedges | |||||||||||||||
For the three months ended September 30, 2013: | |||||||||||||||
Interest rate swaps: | |||||||||||||||
Effective July 1, 2013 | $ | (574 | ) | Not Applicable | $ | — | |||||||||
Effective June 5, 2015 | (212 | ) | Not Applicable | — | |||||||||||
Effective August 19, 2013 | (625 | ) | Not Applicable | — | |||||||||||
Interest rate caps: | — | ||||||||||||||
Effective June 5, 2013 | (140 | ) | Not Applicable | — | |||||||||||
Effective July 1, 2013 | (121 | ) | Not Applicable | — | |||||||||||
Total | $ | (1,672 | ) | $ | — | ||||||||||
There were no derivatives held by the Company at and for the three months ended September 30, 2012. | |||||||||||||||
The Company has in place an enforceable master netting arrangement with every counterparty. All master netting arrangements include rights to offset associated with the Company’s recognized derivative assets, derivative liabilities, and cash collateral received and pledged. Accordingly, the Company, where appropriate, offsets all derivative asset and liability positions with the cash collateral received and pledged. At September 30, 2013 and June 30, 2013, the Company’s derivatives were in net asset positions totaling $2,818,000 and $5,645,000, respectively, which were included in the balance of other assets as of those dates. At September 30, 2013 and June 30, 2013, the gross asset positions were $3,875,000 and $5,645,000 and gross liability positions were $1,057,000 and $0, respectively. Financial collateral required under the enforceable master netting arrangement in the amount of $2,920,000 and $5,500,000 at September 30, 2013 and June 30, 2013, respectively, were not included as offsetting amounts. |
Benefit_Plans_Components_of_Ne
Benefit Plans - Components of Net Periodic Expense | 3 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||
Benefit Plans - Components of Net Periodic Expense | ' | ||||||||
13. BENEFIT PLANS – COMPONENTS OF NET PERIODIC EXPENSE | |||||||||
The following table sets forth the aggregate net periodic benefit expense for the Bank’s Benefit Equalization Plan, Postretirement Welfare Plan and Directors’ Consultation and Retirement Plan: | |||||||||
Three Months | |||||||||
Ended September 30, | |||||||||
2013 | 2012 | ||||||||
(In Thousands) | |||||||||
Service cost | $ | 50 | $ | 58 | |||||
Interest cost | 84 | 77 | |||||||
Amortization of unrecognized past service liability | 12 | 12 | |||||||
Amortization of unrecognized net actuarial (gain) loss | (1 | ) | 13 | ||||||
Net periodic benefit expense | $ | 145 | $ | 160 | |||||
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 3 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value of Financial Instruments | ' | ||||||||||||||||||||
14. FAIR VALUE OF FINANCIAL INSTRUMENTS | |||||||||||||||||||||
The guidance on fair value measurement establishes a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy describes three levels of inputs that may be used to measure fair value: | |||||||||||||||||||||
Level 1: | Quoted prices in active markets for identical assets or liabilities. | ||||||||||||||||||||
Level 2: | Observable inputs other than Level 1 prices, such as quoted for similar assets or liabilities; quoted prices in markets that are not active; or inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. | ||||||||||||||||||||
Level 3: | Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. | ||||||||||||||||||||
In addition, the guidance requires the Company to disclose the fair value for assets and liabilities on both a recurring and non-recurring basis. | |||||||||||||||||||||
The assets and liabilities measured at fair value on a recurring basis are summarized below: | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
Quoted Prices in | Significant Other | Significant | Balance | ||||||||||||||||||
Active Markets | Observable Inputs | Unobservable Inputs | |||||||||||||||||||
for Identical | (Level 2) | (Level 3) | |||||||||||||||||||
Assets (Level 1) | |||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||
At September 30, 2013: | |||||||||||||||||||||
Debt securities available for sale: | |||||||||||||||||||||
U.S. agency securities | $ | — | $ | 4,903 | $ | — | $ | 4,903 | |||||||||||||
Obligations of state and political subdivisions | — | 25,259 | — | 25,259 | |||||||||||||||||
Asset-backed securities | — | 24,257 | — | 24,257 | |||||||||||||||||
Collateralized loan obligations | — | 79,931 | — | 79,931 | |||||||||||||||||
Corporate bonds | — | 158,750 | — | 158,750 | |||||||||||||||||
Trust preferred securities | — | 6,444 | 1,000 | 7,444 | |||||||||||||||||
Total debt securities | — | 299,544 | 1,000 | 300,544 | |||||||||||||||||
Mortgage-backed securities available for sale: | |||||||||||||||||||||
Collateralized mortgage obligations | — | 60,985 | — | 60,985 | |||||||||||||||||
Residential pass-through securities | — | 601,332 | — | 601,332 | |||||||||||||||||
Commercial pass-through securities | — | 89,899 | — | 89,899 | |||||||||||||||||
Total mortgage- backed securities | — | 752,216 | — | 752,216 | |||||||||||||||||
Total securities available for sale | $ | — | $ | 1,051,760 | $ | 1,000 | $ | 1,052,760 | |||||||||||||
Derivative instruments: | |||||||||||||||||||||
Interest rate swaps | $ | — | $ | 451 | $ | — | $ | 451 | |||||||||||||
Interest rate caps | — | 2,367 | — | 2,367 | |||||||||||||||||
Total derivatives | $ | — | $ | 2,818 | $ | — | $ | 2,818 | |||||||||||||
At June 30, 2013: | |||||||||||||||||||||
Debt securities available for sale: | |||||||||||||||||||||
U.S. agency securities | $ | — | $ | 5,015 | $ | — | $ | 5,015 | |||||||||||||
Obligations of state and political subdivisions | — | 25,307 | — | 25,307 | |||||||||||||||||
Asset-backed securities | — | 24,798 | — | 24,798 | |||||||||||||||||
Collateralized loan obligations | — | 78,486 | — | 78,486 | |||||||||||||||||
Corporate bonds | — | 159,192 | — | 159,192 | |||||||||||||||||
Trust preferred securities | — | 6,324 | 1,000 | 7,324 | |||||||||||||||||
Total debt securities | — | 299,122 | 1,000 | 300,122 | |||||||||||||||||
Mortgage-backed securities available for sale: | |||||||||||||||||||||
Collateralized mortgage obligations | — | 62,482 | — | 62,482 | |||||||||||||||||
Residential pass-through securities | — | 628,154 | — | 628,154 | |||||||||||||||||
Commercial pass-through securities | — | 90,016 | — | 90,016 | |||||||||||||||||
Total mortgage-backed securities | — | 780,652 | — | 780,652 | |||||||||||||||||
Total securities available for sale | $ | — | $ | 1,079,774 | $ | 1,000 | $ | 1,080,774 | |||||||||||||
Derivative instruments: | |||||||||||||||||||||
Interest rate swaps | $ | — | $ | 2,837 | $ | — | $ | 2,837 | |||||||||||||
Interest rate caps | — | 2,808 | — | 2,808 | |||||||||||||||||
Total derivatives | $ | — | $ | 5,645 | $ | — | $ | 5,645 | |||||||||||||
The fair values of securities available for sale (carried at fair value) or held to maturity (carried at amortized cost) are primarily determined by obtaining matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). | |||||||||||||||||||||
The Company holds a trust preferred security with a par value of $1.0 million, a de-facto obligation of Mercantil Commercebank Florida Bancorp, Inc., whose fair value has been determined by using Level 3 inputs. It is a part of a $40.0 million private placement with a coupon of 8.90% issued in 1998 and maturing in 2028. Generally management has been unable to obtain a market quote due to a lack of trading activity for this security. Consequently, the security’s fair value as reported at September 30, 2013 and June 30, 2013 is based upon the present value of its expected future cash flows assuming the security continues to meet all its payment obligations and utilizing a discount rate based upon the security’s contractual interest rate. | |||||||||||||||||||||
The Company has contracted with a third party vendor to provide periodic valuations for its interest rate derivatives to determine the fair value of its interest rate caps and swaps. The vendor utilizes standard valuation methodologies applicable to interest rate derivatives such as discounted cash flow analysis and extensions of the Black-Scholes model. Such valuations are based upon readily observable market data and are therefore considered Level 2 valuations by the Company. | |||||||||||||||||||||
For the three months ended September 30, 2013, there were no purchases, sales, issuances, or settlements of assets or liabilities whose fair values are determined based upon Level 3 inputs on a recurring basis. For that same period, there were no transfers of assets or liabilities within the fair valuation measurement hierarchy between Level 1 and Level 2 inputs. | |||||||||||||||||||||
The assets and liabilities measured at fair value on a non-recurring basis are summarized below: | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
Quoted Prices in | Significant Other | Significant | Balance | ||||||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | |||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 14,271 | $ | 14,271 | |||||||||||||
At June 30, 2013 | |||||||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 14,603 | $ | 14,603 | |||||||||||||
Real estate owned | — | — | 229 | 229 | |||||||||||||||||
The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis and for which the Company has utilized adjusted Level 3 inputs to determine fair value: | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
Fair Value | Valuation | Unobservable | Range | ||||||||||||||||||
Estimate | Techniques | Input | |||||||||||||||||||
(In Thousands) | |||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||
Impaired loans | $ | 14,271 | Market valuation of underlying collateral (1) | Direct disposal costs (3) | 6% - 10% | ||||||||||||||||
At June 30, 2013 | |||||||||||||||||||||
Impaired loans | $ | 14,603 | Market valuation of underlying collateral (1) | Direct disposal costs (3) | 6% - 10% | ||||||||||||||||
Real estate owned | $ | 229 | Market valuation property (2) | Direct disposal costs (3) | 6% - 10% | ||||||||||||||||
(1) | The fair value basis of impaired loans is generally determined based on an independent appraisal of the market value of a loan’s underlying collateral. | ||||||||||||||||||||
-2 | The fair value basis of real estate owned is generally determined based upon the lower of an independent appraisal of the property’s market value or the applicable listing price or contracted sales price. | ||||||||||||||||||||
(3) | The fair value basis of impaired loans and real estate owned is adjusted to reflect management estimates of disposal costs including, but not necessarily limited to, real estate brokerage commissions and title transfer fees, with such cost estimates generally ranging from 6% to 10% of collateral or property market value. | ||||||||||||||||||||
An impaired loan is evaluated and valued at the time the loan is identified as impaired at the lower of cost or market value. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Market value is measured based on the value of the collateral securing the loan and is classified at a Level 3 in the fair value hierarchy. Once a loan is identified as individually impaired, management measures impairment in accordance with the FASB’s guidance on accounting by creditors for impairment of a loan with the fair value estimated using the market value of the collateral reduced by estimated disposal costs. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceeds the recorded investments in such loans. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly. | |||||||||||||||||||||
At September 30, 2013, impaired loans valued using Level 3 inputs comprised loans with principal balances totaling $16.1 million and valuation allowances of $1.8 million reflecting fair values of $14.3 million. By comparison, at June 30, 2013, impaired loans valued using Level 3 inputs comprised loans with principal balances totaling $16.7 million and valuation allowances of $2.1 million reflecting fair values of $14.6 million. | |||||||||||||||||||||
Once a loan is foreclosed, the fair value of the real estate owned continues to be evaluated based upon the market value of the repossessed real estate originally securing the loan. For the year-to-date period ended September 30, 2013, there were no real estate properties whose carrying values were written down utilizing Level 3 inputs. By comparison, real estate owned whose carrying value was written down utilizing Level 3 inputs during the year ended June 30, 2013 comprised one property with a fair value totaling $229,000. | |||||||||||||||||||||
The following methods and assumptions were used to estimate the fair value of each class of financial instruments at September 30, 2013 and June 30, 2013: | |||||||||||||||||||||
Cash and Cash Equivalents, Interest Receivable and Interest Payable. The carrying amounts for cash and cash equivalents, interest receivable and interest payable approximate fair value because they mature in three months or less. | |||||||||||||||||||||
Securities. See the discussion presented on Page 58 concerning assets measured at fair value on a recurring basis. | |||||||||||||||||||||
Loans Receivable. Except for certain impaired loans as previously discussed, the fair value of loans receivable is estimated by discounting the future cash flows, using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities, of such loans. | |||||||||||||||||||||
FHLB of New York Stock. The carrying amount of restricted investment in bank stock approximates fair value, and considers the limited marketability of such securities. | |||||||||||||||||||||
Deposits. The fair value of demand, savings and club accounts is equal to the amount payable on demand at the reporting date. The fair value of certificates of deposit is estimated using rates currently offered for deposits of similar remaining maturities. The fair value estimates do not include the benefit that results from the low-cost funding provided by deposit liabilities compared to the cost of borrowing funds in the market. | |||||||||||||||||||||
Advances from FHLB. Fair value is estimated using rates currently offered for advances of similar remaining maturities. | |||||||||||||||||||||
Interest Rate Derivatives. See the discussion presented on Page 58 concerning assets measured at fair value on a recurring basis. | |||||||||||||||||||||
Commitments. The fair value of commitments to fund credit lines and originate or participate in loans is estimated using fees currently charged to enter into similar agreements taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed rate loan commitments, fair value also considers the difference between current levels of interest and the committed rates. The carrying value, represented by the net deferred fee arising from the unrecognized commitment, and the fair value, determined by discounting the remaining contractual fee over the term of the commitment using fees currently charged to enter into similar agreements with similar credit risk, is not considered material for disclosure. The contractual amounts of unfunded commitments are presented on Page 82. | |||||||||||||||||||||
The carrying amounts and estimated fair values of financial instruments are as follows: | |||||||||||||||||||||
Carrying Amount and Fair Value Measurements at | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Carrying | Fair Value | Quoted Prices in | Significant | Significant | |||||||||||||||||
Amount | Active Markets | Other | Unobservable | ||||||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 118,186 | $ | 118,186 | $ | 118,186 | $ | — | $ | — | |||||||||||
Debt securities available for sale | 300,544 | 300,544 | — | 299,544 | 1,000 | ||||||||||||||||
Debt securities held to maturity | 210,943 | 204,185 | — | 204,185 | — | ||||||||||||||||
Loans receivable | 1,474,238 | 1,476,889 | — | — | 1,476,889 | ||||||||||||||||
Mortgage-backed securities available for sale | 752,216 | 752,216 | — | 752,216 | — | ||||||||||||||||
Mortgage-backed securities held to maturity | 100,674 | 96,078 | — | 96,078 | — | ||||||||||||||||
FHLB Stock | 21,515 | 21,515 | — | — | 21,515 | ||||||||||||||||
Interest receivable | 8,508 | 8,508 | 8,508 | — | — | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits (A) | 2,331,269 | 2,299,855 | 1,342,646 | — | 957,209 | ||||||||||||||||
Borrowings | 417,118 | 423,724 | — | — | 423,724 | ||||||||||||||||
Interest payable on borrowings | 987 | 987 | 987 | — | — | ||||||||||||||||
Derivative instruments: | |||||||||||||||||||||
Interest rate swaps | 451 | 451 | — | 451 | — | ||||||||||||||||
Interest rate caps | 2,367 | 2,367 | — | 2,367 | — | ||||||||||||||||
(A) | Includes accrued interest payable on deposits of $68,000 at September 30, 2013. | ||||||||||||||||||||
Carrying Amount and Fair Value Measurements at | |||||||||||||||||||||
June 30, 2013 | |||||||||||||||||||||
Carrying | Fair Value | Quoted Prices in | Significant | Significant | |||||||||||||||||
Amount | Active Markets | Other | Unobservable | ||||||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 127,034 | $ | 127,034 | $ | 127,034 | $ | — | $ | — | |||||||||||
Debt securities available for sale | 300,122 | 300,122 | — | 299,122 | 1,000 | ||||||||||||||||
Debt securities held to maturity | 210,015 | 202,328 | — | 202,328 | — | ||||||||||||||||
Loans receivable | 1,349,975 | 1,359,799 | — | — | 1,359,799 | ||||||||||||||||
Mortgage-backed securities available for sale | 780,652 | 780,652 | — | 780,652 | — | ||||||||||||||||
Mortgage-backed securities held to maturity | 101,114 | 96,447 | — | 96,447 | — | ||||||||||||||||
FHLB Stock | 15,666 | 15,666 | — | — | 15,666 | ||||||||||||||||
Interest receivable | 8,028 | 8,028 | 8,028 | — | — | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits (A) | 2,370,508 | 2,376,290 | 1,389,044 | — | 987,246 | ||||||||||||||||
Borrowings | 287,695 | 295,914 | — | — | 295,914 | ||||||||||||||||
Interest payable on borrowings | 938 | 938 | 938 | — | — | ||||||||||||||||
Derivative instruments: | |||||||||||||||||||||
Interest rate swaps | 2,837 | 2,837 | — | 2,837 | — | ||||||||||||||||
Interest rate caps | 2,808 | 2,808 | — | 2,808 | — | ||||||||||||||||
(A) | Includes accrued interest payable on deposits of $47,000 at June 30, 2013. | ||||||||||||||||||||
Limitations. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instruments. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument. Because no market value exists for a significant portion of the financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature, involve uncertainties and matters of judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. | |||||||||||||||||||||
The fair value estimates are based on existing on-and-off balance sheet financial instruments without attempting to value anticipated future business and the value of assets and liabilities that are not considered financial instruments. Other significant assets and liabilities that are not considered financial assets and liabilities include premises and equipment, and advances from borrowers for taxes and insurance. In addition, the ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in any of the estimates. | |||||||||||||||||||||
Finally, reasonable comparability between financial institutions may not be likely due to the wide range of permitted valuation techniques and numerous estimates which must be made given the absence of active secondary markets for many of the financial instruments. This lack of uniform valuation methodologies introduces a greater degree of subjectivity to these estimated fair values. |
Comprehensive_Income
Comprehensive Income | 3 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Equity [Abstract] | ' | ||||||||
Comprehensive Income | ' | ||||||||
15. COMPREHENSIVE INCOME | |||||||||
The components of accumulated other comprehensive loss included in stockholders’ equity at September 30, 2013 and June 30, 2013 are as follows: | |||||||||
September 30, | June 30, | ||||||||
2013 | 2013 | ||||||||
Net unrealized loss on securities available for sale | $ | (5,898 | ) | $ | (7,375 | ) | |||
Tax effect | 1,487 | 2,021 | |||||||
Net of tax amount | (4,411 | ) | (5,354 | ) | |||||
Fair value adjustments on derivatives | 280 | 3,107 | |||||||
Tax effect | (114 | ) | (1,269 | ) | |||||
Net of tax amount | 166 | 1,838 | |||||||
Benefit plan adjustments | (239 | ) | (1,053 | ) | |||||
Tax effect | 97 | 430 | |||||||
Net of tax amount | (142 | ) | (623 | ) | |||||
Accumulated other comprehensive loss | $ | (4,387 | ) | $ | (4,139 | ) | |||
Other comprehensive (loss) income and related tax effects for the three months ended September 30, 2013 and September 30, 2012 are presented in the following table: | |||||||||
Three Months Ended | |||||||||
September 30, | |||||||||
2013 | 2012 | ||||||||
Unrealized holding gain on securities available for sale | $ | 1,477 | $ | 7,287 | |||||
Fair value adjustments on derivatives | (2,827 | ) | — | ||||||
Benefit plans: | |||||||||
Amortization of: | |||||||||
Actuarial (gain) loss (1) | (1 | ) | 14 | ||||||
Past service cost (1) | 12 | 13 | |||||||
New actuarial gain (loss) | 803 | (1,186 | ) | ||||||
Net change in benefit plans accrued expense | 814 | (1,159 | ) | ||||||
Other comprehensive (loss) income before taxes | (536 | ) | 6,128 | ||||||
Tax effect | 288 | (2,461 | ) | ||||||
Other comprehensive (loss) income | $ | (248 | ) | $ | 3,667 | ||||
(1) | Represents amounts reclassified out of accumulated other comprehensive income and included in the computation of net periodic pension expense. See Note 13 – Benefit Plans for additional information |
Net_Income_Per_Common_Share_EP1
Net Income Per Common Share ("EPS") (Tables) | 3 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Calculation of Numerator and Denominator Earnings Per Share | ' | ||||||||||||
The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations: | |||||||||||||
Three Months Ended | |||||||||||||
September 30, 2013 | |||||||||||||
Income | Shares | Per | |||||||||||
Share | |||||||||||||
(Numerator) | (Denominator) | Amount | |||||||||||
(In Thousands, Except Per Share Data) | |||||||||||||
Net income | $ | 2,586 | |||||||||||
Basic earnings per share, income available to common stockholders | $ | 2,586 | 65,936 | $ | 0.04 | ||||||||
Effect of dilutive securities: | |||||||||||||
Stock options | — | — | |||||||||||
$ | 2,586 | 65,936 | $ | 0.04 | |||||||||
Three Months Ended | |||||||||||||
30-Sep-12 | |||||||||||||
Income | Shares | Per | |||||||||||
Share | |||||||||||||
(Numerator) | (Denominator) | Amount | |||||||||||
(In Thousands, Except Per Share Data) | |||||||||||||
Net income | $ | 1,660 | |||||||||||
Basic earnings per share, income available to common stockholders | $ | 1,660 | 66,256 | $ | 0.03 | ||||||||
Effect of dilutive securities: | |||||||||||||
Stock options | — | — | |||||||||||
$ | 1,660 | 66,256 | $ | 0.03 | |||||||||
During the three months ended September 30, 2013 and 2012, the average number of options which were considered anti-dilutive totaled approximately 3,158,000 and 3,193,000, respectively. | |||||||||||||
Securities_Available_for_Sale_
Securities Available for Sale (Tables) | 3 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Unrealized Gain (Loss) on Investments | ' | ||||||||||||||||
At September 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||
Gains | Losses | ||||||||||||||||
(In Thousands) | |||||||||||||||||
Securities available for sale: | |||||||||||||||||
Debt securities: | |||||||||||||||||
U.S. agency securities | $ | 4,906 | $ | — | $ | 3 | $ | 4,903 | |||||||||
Obligations of state and political subdivisions | 27,554 | — | 2,295 | 25,259 | |||||||||||||
Asset-backed securities | 25,404 | — | 1,147 | 24,257 | |||||||||||||
Collateralized loan obligations | 80,368 | 40 | 477 | 79,931 | |||||||||||||
Corporate bonds | 160,100 | 52 | 1,402 | 158,750 | |||||||||||||
Trust preferred securities | 8,881 | — | 1,437 | 7,444 | |||||||||||||
Total debt securities | 307,213 | 92 | 6,761 | 300,544 | |||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Collateralized mortgage obligations: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 9,651 | — | 501 | 9,150 | |||||||||||||
Federal National Mortgage Association | 54,869 | 22 | 3,056 | 51,835 | |||||||||||||
Total collateralized mortgage obligations | 64,520 | 22 | 3,557 | 60,985 | |||||||||||||
Mortgage pass-through securities: | |||||||||||||||||
Residential pass-through securities: | |||||||||||||||||
Government National Mortgage Association | 5,552 | 329 | 1 | 5,880 | |||||||||||||
Federal Home Loan Mortgage Corporation | 273,963 | 5,690 | 3,887 | 275,766 | |||||||||||||
Federal National Mortgage Association | 313,258 | 10,146 | 3,718 | 319,686 | |||||||||||||
Total residential pass-through securities | 592,773 | 16,165 | 7,606 | 601,332 | |||||||||||||
Commercial pass-through securities: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 106 | 2 | — | 108 | |||||||||||||
Federal National Mortgage Association | 94,046 | 2 | 4,257 | 89,791 | |||||||||||||
Total commercial pass-through securities | 94,152 | 4 | 4,257 | 89,899 | |||||||||||||
Total mortgage-backed securities | 751,445 | 16,191 | 15,420 | 752,216 | |||||||||||||
Total securities available for sale | $ | 1,058,658 | $ | 16,283 | $ | 22,181 | $ | 1,052,760 | |||||||||
At June 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Fair | ||||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||
Gains | Losses | ||||||||||||||||
(In Thousands) | |||||||||||||||||
Securities available for sale: | |||||||||||||||||
Debt securities: | |||||||||||||||||
U.S. agency securities | $ | 4,955 | $ | 60 | $ | — | $ | 5,015 | |||||||||
Obligations of state and political subdivisions | 27,560 | — | 2,253 | 25,307 | |||||||||||||
Asset-backed securities | 25,417 | 1 | 620 | 24,798 | |||||||||||||
Collateralized loan obligations | 78,366 | 190 | 70 | 78,486 | |||||||||||||
Corporate bonds | 160,107 | 34 | 949 | 159,192 | |||||||||||||
Trust preferred securities | 8,878 | — | 1,554 | 7,324 | |||||||||||||
Total debt securities | 305,283 | 285 | 5,446 | 300,122 | |||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Collateralized mortgage obligations: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 9,825 | — | 470 | 9,355 | |||||||||||||
Federal National Mortgage Association | 56,158 | 24 | 3,055 | 53,127 | |||||||||||||
Total collateralized mortgage obligations | 65,983 | 24 | 3,525 | 62,482 | |||||||||||||
Mortgage pass-through securities: | |||||||||||||||||
Residential pass-through securities: | |||||||||||||||||
Government National Mortgage Association | 5,889 | 444 | — | 6,333 | |||||||||||||
Federal Home Loan Mortgage Corporation | 290,133 | 4,827 | 4,600 | 290,360 | |||||||||||||
Federal National Mortgage Association | 326,356 | 9,050 | 3,945 | 331,461 | |||||||||||||
Total residential pass-through securities | 622,378 | 14,321 | 8,545 | 628,154 | |||||||||||||
Commercial pass-through securities: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 116 | 2 | — | 118 | |||||||||||||
Federal National Mortgage Association | 94,389 | 3 | 4,494 | 88,898 | |||||||||||||
Total commercial pass-through securities | 94,505 | 5 | 4,494 | 90,016 | |||||||||||||
Total mortgage-backed securities | 782,866 | 14,350 | 16,564 | 780,652 | |||||||||||||
Total securities available for sale | $ | 1,088,149 | $ | 14,635 | $ | 22,010 | $ | 1,080,774 | |||||||||
Securities_Held_to_Maturity_Ta
Securities Held to Maturity (Tables) | 3 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Held To Maturity Securities | ' | ||||||||||||||||
At September 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||
Gains | Losses | ||||||||||||||||
(In Thousands) | |||||||||||||||||
Securities held to maturity: | |||||||||||||||||
Debt securities: | |||||||||||||||||
U.S. agency securities | $ | 144,575 | $ | 12 | $ | 2,744 | $ | 141,843 | |||||||||
Obligations of state and political subdivisions | 66,368 | 6 | 4,032 | 62,342 | |||||||||||||
Total debt securities | 210,943 | 18 | 6,776 | 204,185 | |||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Collateralized mortgage obligations: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 20 | 2 | — | 22 | |||||||||||||
Federal National Mortgage Association | 317 | 28 | — | 345 | |||||||||||||
Non-agency securities | 96 | — | 2 | 94 | |||||||||||||
Total collateralized mortgage obligations | 433 | 30 | 2 | 461 | |||||||||||||
Mortgage pass-through securities: | |||||||||||||||||
Residential pass-through securities: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 91 | 4 | — | 95 | |||||||||||||
Federal National Mortgage Association | 220 | 8 | — | 228 | |||||||||||||
Total residential pass-through securities | 311 | 12 | — | 323 | |||||||||||||
Commercial pass-through securities: | |||||||||||||||||
Federal National Mortgage Association | 99,930 | — | 4,636 | 95,294 | |||||||||||||
Total commercial pass-through securities | 99,930 | — | 4,636 | 95,294 | |||||||||||||
Total mortgage-backed securities | 100,674 | 42 | 4,638 | 96,078 | |||||||||||||
Total securities held to maturity | $ | 311,617 | $ | 60 | $ | 11,414 | $ | 300,263 | |||||||||
At June 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||
Gains | Losses | ||||||||||||||||
(In Thousands) | |||||||||||||||||
Securities held to maturity: | |||||||||||||||||
Debt securities: | |||||||||||||||||
U.S. agency securities | $ | 144,747 | $ | 14 | $ | 3,622 | $ | 141,139 | |||||||||
Obligations of state and political subdivisions | 65,268 | 4 | 4,083 | 61,189 | |||||||||||||
Total debt securities | 210,015 | 18 | 7,705 | 202,328 | |||||||||||||
Mortgage-backed securities: | |||||||||||||||||
Collateralized mortgage obligations: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 22 | 3 | — | 25 | |||||||||||||
Federal National Mortgage Association | 350 | 32 | — | 382 | |||||||||||||
Non-agency securities | 105 | 3 | 2 | 106 | |||||||||||||
Total collateralized mortgage obligations | 477 | 38 | 2 | 513 | |||||||||||||
Mortgage pass-through securities: | |||||||||||||||||
Residential pass-through securities: | |||||||||||||||||
Federal Home Loan Mortgage Corporation | 98 | 4 | — | 102 | |||||||||||||
Federal National Mortgage Association | 231 | 9 | — | 240 | |||||||||||||
Total residential pass-through securities | 329 | 13 | — | 342 | |||||||||||||
Commercial pass-through securities: | |||||||||||||||||
Federal National Mortgage Association | 100,308 | — | 4,716 | 95,592 | |||||||||||||
Total commercial pass-through securities | 100,308 | — | 4,716 | 95,592 | |||||||||||||
Total mortgage-backed securities | 101,114 | 51 | 4,718 | 96,447 | |||||||||||||
Total securities held to maturity | $ | 311,129 | $ | 69 | $ | 12,423 | $ | 298,775 | |||||||||
Securities Available for Sale [Member] | ' | ||||||||||||||||
Investments Classified by Contractual Maturity Date | ' | ||||||||||||||||
At September 30, 2013 | |||||||||||||||||
Amortized | Fair | ||||||||||||||||
Cost | Value | ||||||||||||||||
(In Thousands) | |||||||||||||||||
Debt securities available for sale: | |||||||||||||||||
Due in one year or less | $ | — | $ | — | |||||||||||||
Due after one year through five years | 23,910 | 23,828 | |||||||||||||||
Due after five years through ten years | 207,728 | 205,887 | |||||||||||||||
Due after ten years | 75,575 | 70,829 | |||||||||||||||
Total | $ | 307,213 | $ | 300,544 | |||||||||||||
Securities held to maturity [Member] | ' | ||||||||||||||||
Investments Classified by Contractual Maturity Date | ' | ||||||||||||||||
At September 30, 2013 | |||||||||||||||||
Amortized | Fair Value | ||||||||||||||||
Cost | |||||||||||||||||
(In Thousands) | |||||||||||||||||
Debt securities held to maturity: | |||||||||||||||||
Due in one year or less | $ | 3,221 | $ | 3,227 | |||||||||||||
Due after one year through five years | 144,575 | 141,843 | |||||||||||||||
Due after five years through ten years | 32,128 | 30,600 | |||||||||||||||
Due after ten years | 31,019 | 28,515 | |||||||||||||||
Total | $ | 210,943 | $ | 204,185 | |||||||||||||
Impairment_of_Securities_Table
Impairment of Securities (Tables) | 3 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Securities held to maturity [Member] | ' | ||||||||||||||||||||||||
Schedule of Fair Value and Gross Unrealized Losses on Investments | ' | ||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||
Securities Held to Maturity: | |||||||||||||||||||||||||
At September 30, 2013: | |||||||||||||||||||||||||
U.S. agency securities | $ | 140,578 | $ | 2,744 | $ | — | $ | — | $ | 140,578 | $ | 2,744 | |||||||||||||
Obligations of state and political subdivisions | 59,115 | 4,032 | — | — | 59,115 | 4,032 | |||||||||||||||||||
Collateralized mortgage obligations | 55 | 1 | 39 | 1 | 94 | 2 | |||||||||||||||||||
Commercial pass-through securities | 95,294 | 4,636 | — | — | 95,294 | 4,636 | |||||||||||||||||||
Total | $ | 295,042 | $ | 11,413 | $ | 39 | $ | 1 | $ | 295,081 | $ | 11,414 | |||||||||||||
At June 30, 2013: | |||||||||||||||||||||||||
U.S. agency securities | $ | 139,699 | $ | 3,622 | $ | — | $ | — | $ | 139,699 | $ | 3,622 | |||||||||||||
Obligations of state and political subdivisions | 59,109 | 4,083 | — | — | 59,109 | 4,083 | |||||||||||||||||||
Collateralized mortgage obligations | 4 | 1 | 44 | 1 | 48 | 2 | |||||||||||||||||||
Commercial pass-through securities | 90,935 | 4,716 | — | — | 90,935 | 4,716 | |||||||||||||||||||
Total | $ | 289,747 | $ | 12,422 | $ | 44 | $ | 1 | $ | 289,791 | $ | 12,423 | |||||||||||||
Securities available for sale [Member] | ' | ||||||||||||||||||||||||
Schedule of Fair Value and Gross Unrealized Losses on Investments | ' | ||||||||||||||||||||||||
The following two tables summarize the fair values and gross unrealized losses within the available for sale and held to maturity portfolios. | |||||||||||||||||||||||||
Less than 12 Months | 12 Months or More | Total | |||||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | ||||||||||||||||||||
Value | Losses | Value | Losses | Value | Losses | ||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||
Securities Available for Sale: | |||||||||||||||||||||||||
At September 30, 2013: | |||||||||||||||||||||||||
U.S. agency securities | $ | 4,867 | $ | 3 | $ | — | $ | — | $ | 4,867 | $ | 3 | |||||||||||||
Obligations of state and political subdivisions | 25,260 | 2,295 | — | — | 25,260 | 2,295 | |||||||||||||||||||
Asset-backed securities | 24,257 | 1,147 | — | — | 24,257 | 1,147 | |||||||||||||||||||
Collateralized loan obligations | 57,519 | 477 | — | — | 57,519 | 477 | |||||||||||||||||||
Corporate bonds | 138,698 | 1,402 | — | — | 138,698 | 1,402 | |||||||||||||||||||
Trust preferred securities | — | — | 6,444 | 1,437 | 6,444 | 1,437 | |||||||||||||||||||
Collateralized mortgage obligations | 59,415 | 3,557 | — | — | 59,415 | 3,557 | |||||||||||||||||||
Residential pass-through securities | 192,540 | 7,606 | — | — | 192,540 | 7,606 | |||||||||||||||||||
Commercial pass-through securities | 89,603 | 4,257 | — | — | 89,603 | 4,257 | |||||||||||||||||||
Total | $ | 592,159 | $ | 20,744 | $ | 6,444 | $ | 1,437 | $ | 598,603 | $ | 22,181 | |||||||||||||
At June 30, 2013: | |||||||||||||||||||||||||
Obligations of state and political subdivisions | $ | 25,307 | $ | 2,253 | $ | — | $ | — | $ | 25,307 | $ | 2,253 | |||||||||||||
Asset-backed securities | 19,675 | 620 | — | — | 19,675 | 620 | |||||||||||||||||||
Collateralized loan obligations | 27,930 | 70 | — | — | 27,930 | 70 | |||||||||||||||||||
Corporate bonds | 149,190 | 949 | — | — | 149,190 | 949 | |||||||||||||||||||
Trust preferred securities | — | — | 6,324 | 1,554 | 6,324 | 1,554 | |||||||||||||||||||
Collateralized mortgage obligations | 60,740 | 3,525 | — | — | 60,740 | 3,525 | |||||||||||||||||||
Residential pass-through securities | 244,429 | 8,545 | — | — | 244,429 | 8,545 | |||||||||||||||||||
Commercial pass-through securities | 89,695 | 4,494 | — | — | 89,695 | 4,494 | |||||||||||||||||||
Total | $ | 616,966 | $ | 20,456 | $ | 6,324 | $ | 1,554 | $ | 623,290 | $ | 22,010 |
Loan_Quality_and_Allowance_for1
Loan Quality and Allowance for Loan Losses (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||
Impaired Loans Acquired Accretable Yield Change | ' | ||||||||||||||||||||||||||||||||
The following table presents the changes in the accretable yield relating to the acquired credit-impaired loans for the three months ended September 30, 2013 and September 30, 2012. | |||||||||||||||||||||||||||||||||
Three Months Ended | Three Months Ended | ||||||||||||||||||||||||||||||||
September 30, 2013 | September 30, 2012 | ||||||||||||||||||||||||||||||||
(in thousands) | (in thousands) | ||||||||||||||||||||||||||||||||
Beginning balance | $ | 741 | $ | 1,461 | |||||||||||||||||||||||||||||
Accretion to interest income | (55 | ) | (188 | ) | |||||||||||||||||||||||||||||
Disposals | — | (91 | ) | ||||||||||||||||||||||||||||||
Reclassifications from nonaccretable difference | 1,494 | — | |||||||||||||||||||||||||||||||
Ending balance | $ | 2,180 | $ | 1,182 | |||||||||||||||||||||||||||||
Allowance for Loan Losses and Loans Receivable | ' | ||||||||||||||||||||||||||||||||
The balance of loans receivable reported in the tables below excludes yield adjustments and the allowance for loan losses. | |||||||||||||||||||||||||||||||||
Allowance for Loan Losses and Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Balance of allowance for loan losses: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 832 | $ | 391 | $ | — | $ | — | $ | 91 | $ | — | $ | — | $ | 1,314 | |||||||||||||||||
Loans collectively evaluated for impairment | 2,691 | 5,332 | 72 | 258 | 299 | 36 | 11 | 8,699 | |||||||||||||||||||||||||
Allowance for loan losses on originated and purchased loans | 3,523 | 5,723 | 72 | 258 | 390 | 36 | 11 | 10,013 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | — | — | — | 16 | — | — | — | 16 | |||||||||||||||||||||||||
Other acquired loans individually evaluated for impairment | — | 44 | — | 394 | — | — | — | 438 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 24 | 453 | 31 | 312 | 79 | 40 | — | 939 | |||||||||||||||||||||||||
Allowance for loan losses on loans acquired at fair value | 24 | 497 | 31 | 722 | 79 | 40 | — | 1,393 | |||||||||||||||||||||||||
Total allowance for loan losses | $ | 3,547 | $ | 6,220 | $ | 103 | $ | 980 | $ | 469 | $ | 76 | $ | 11 | $ | 11,406 | |||||||||||||||||
Changes in the allowance for loan losses for the three months ended September 30, 2013: | |||||||||||||||||||||||||||||||||
At June 30, 2013: | |||||||||||||||||||||||||||||||||
Allocated | $ | 3,660 | $ | 5,359 | $ | 81 | $ | 1,218 | $ | 490 | $ | 76 | $ | 12 | $ | 10,896 | |||||||||||||||||
Unallocated | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total allowance for loan losses | 3,660 | 5,359 | 81 | 1,218 | 490 | 76 | 12 | 10,896 | |||||||||||||||||||||||||
Total charge offs | (230 | ) | (34 | ) | — | (408 | ) | (34 | ) | — | (1 | ) | (707 | ) | |||||||||||||||||||
Total recoveries | 18 | 28 | — | 2 | 1 | — | — | 49 | |||||||||||||||||||||||||
Total allocated provisions | 99 | 867 | 22 | 168 | 12 | — | — | 1,168 | |||||||||||||||||||||||||
Total unallocated provisions | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
At September 30, 2013: | |||||||||||||||||||||||||||||||||
Allocated | 3,547 | 6,220 | 103 | 980 | 469 | 76 | 11 | 11,406 | |||||||||||||||||||||||||
Unallocated | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total allowance for loan losses | $ | 3,547 | $ | 6,220 | $ | 103 | $ | 980 | $ | 469 | $ | 76 | $ | 11 | $ | 11,406 | |||||||||||||||||
Changes in the allowance for loan losses for the three months ended September 30, 2012: | |||||||||||||||||||||||||||||||||
At June 30, 2012: | |||||||||||||||||||||||||||||||||
Allocated | $ | 4,572 | $ | 3,443 | $ | 277 | $ | 1,310 | $ | 447 | $ | 54 | $ | 14 | $ | 10,117 | |||||||||||||||||
Unallocated | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total allowance for loan losses | 4,572 | 3,443 | 277 | 1,310 | 447 | 54 | 14 | 10,117 | |||||||||||||||||||||||||
Total charge offs | (499 | ) | (13 | ) | — | (116 | ) | (6 | ) | — | (1 | ) | (635 | ) | |||||||||||||||||||
Total recoveries | 9 | — | — | 17 | — | 2 | — | 28 | |||||||||||||||||||||||||
Total allocated provisions | 33 | 162 | (45 | ) | 190 | (12 | ) | 11 | — | 339 | |||||||||||||||||||||||
Total unallocated provisions | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
At September 30, 2012: | |||||||||||||||||||||||||||||||||
Allocated | 4,115 | 3,592 | 232 | 1,401 | 429 | 67 | 13 | 9,849 | |||||||||||||||||||||||||
Unallocated | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total allowance for loan losses | $ | 4,115 | $ | 3,592 | $ | 232 | $ | 1,401 | $ | 429 | $ | 67 | $ | 13 | $ | 9,849 | |||||||||||||||||
Balance of loans receivable: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 14,514 | $ | 7,926 | $ | — | $ | 1,073 | $ | 799 | $ | — | $ | — | $ | 24,312 | |||||||||||||||||
Loans collectively evaluated for impairment | 494,621 | 664,478 | 5,299 | 26,338 | 66,332 | 10,586 | 4,384 | 1,272,038 | |||||||||||||||||||||||||
Total originated and purchased loans | 509,135 | 672,404 | 5,299 | 27,411 | 67,131 | 10,586 | 4,384 | 1,296,350 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | — | 1,347 | 315 | 8,516 | — | — | — | 10,178 | |||||||||||||||||||||||||
Other acquired loans individually evaluated for impairment | 359 | 2,063 | 2,122 | 2,280 | 541 | 625 | — | 7,990 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 1,276 | 109,655 | 2,556 | 32,255 | 12,151 | 15,085 | 128 | 173,106 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,635 | 113,065 | 4,993 | 43,051 | 12,692 | 15,710 | 128 | 191,274 | |||||||||||||||||||||||||
Total loans | $ | 510,770 | $ | 785,469 | $ | 10,292 | $ | 70,462 | $ | 79,823 | $ | 26,296 | $ | 4,512 | 1,487,624 | ||||||||||||||||||
Unamortized yield adjustments | (1,980 | ) | |||||||||||||||||||||||||||||||
Loans receivable | $ | 1,485,644 | |||||||||||||||||||||||||||||||
Allowance for Loan Losses and Loans Receivable | |||||||||||||||||||||||||||||||||
at June 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Balance of allowance for loan losses: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 697 | $ | 430 | $ | — | $ | — | $ | 110 | $ | — | $ | — | $ | 1,237 | |||||||||||||||||
Loans collectively evaluated for impairment | 2,939 | 4,356 | 50 | 252 | 300 | 35 | 12 | 7,944 | |||||||||||||||||||||||||
Allowance for loan losses on originated and purchased loans | 3,636 | 4,786 | 50 | 252 | 410 | 35 | 12 | 9,181 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | — | — | — | 17 | — | — | — | 17 | |||||||||||||||||||||||||
Other acquired loans individually evaluated for impairment | — | 84 | — | 740 | — | — | — | 824 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 24 | 489 | 31 | 209 | 80 | 41 | — | 874 | |||||||||||||||||||||||||
Allowance for loan losses on loans acquired at fair value | 24 | 573 | 31 | 966 | 80 | 41 | — | 1,715 | |||||||||||||||||||||||||
Total allowance for loan losses | $ | 3,660 | $ | 5,359 | $ | 81 | $ | 1,218 | $ | 490 | $ | 76 | $ | 12 | $ | 10,896 | |||||||||||||||||
Balance of loans receivable: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Loans individually evaluated for impairment | $ | 14,412 | $ | 7,865 | $ | — | $ | 1,076 | $ | 1,145 | $ | — | $ | — | $ | 24,498 | |||||||||||||||||
Loans collectively evaluated for impairment | 484,575 | 540,491 | 5,717 | 25,975 | 65,581 | 10,461 | 4,145 | 1,136,945 | |||||||||||||||||||||||||
Total originated and purchased loans | 498,987 | 548,356 | 5,717 | 27,051 | 66,726 | 10,461 | 4,145 | 1,161,443 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Loans acquired with deteriorated credit quality | — | 1,230 | 316 | 4,504 | — | — | — | 6,050 | |||||||||||||||||||||||||
Other acquired loans individually evaluated for impairment | 359 | 2,079 | 2,570 | 2,746 | 606 | 626 | — | 8,986 | |||||||||||||||||||||||||
Loans collectively evaluated for impairment | 1,301 | 115,163 | 3,248 | 36,387 | 13,481 | 15,526 | 133 | 185,239 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,660 | 118,472 | 6,134 | 43,637 | 14,087 | 16,152 | 133 | 200,275 | |||||||||||||||||||||||||
Total loans | $ | 500,647 | $ | 666,828 | $ | 11,851 | $ | 70,688 | $ | 80,813 | $ | 26,613 | $ | 4,278 | 1,361,718 | ||||||||||||||||||
Unamortized yield adjustments | (847 | ) | |||||||||||||||||||||||||||||||
Loans receivable | $ | 1,360,871 | |||||||||||||||||||||||||||||||
Credit-Rating Classification of Loans Receivable | ' | ||||||||||||||||||||||||||||||||
The following tables present key indicators of credit quality regarding the Company’s loan portfolio based upon loan classification and contractual payment status at September 30, 2013 and June 30, 2013. | |||||||||||||||||||||||||||||||||
Credit-Rating Classification of Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Non-classified | $ | 493,111 | $ | 662,377 | $ | 3,804 | $ | 25,974 | $ | 66,182 | $ | 10,463 | $ | 4,315 | $ | 1,266,226 | |||||||||||||||||
Classified: | |||||||||||||||||||||||||||||||||
Special mention | 1,241 | 795 | 1,495 | 78 | 150 | 28 | 42 | 3,829 | |||||||||||||||||||||||||
Substandard | 14,783 | 8,935 | — | 1,359 | 799 | 95 | 27 | 25,998 | |||||||||||||||||||||||||
Doubtful | — | 297 | — | — | — | — | — | 297 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total classified loans | 16,024 | 10,027 | 1,495 | 1,437 | 949 | 123 | 69 | 30,124 | |||||||||||||||||||||||||
Total originated and purchased loans | 509,135 | 672,404 | 5,299 | 27,411 | 67,131 | 10,586 | 4,384 | 1,296,350 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Non-classified | 1,276 | 104,110 | — | 27,104 | 11,974 | 15,058 | 122 | 159,644 | |||||||||||||||||||||||||
Classified: | |||||||||||||||||||||||||||||||||
Special mention | — | 4,760 | 1,300 | 4,842 | 117 | 27 | 4 | 11,050 | |||||||||||||||||||||||||
Substandard | 359 | 4,195 | 3,693 | 11,099 | 601 | 625 | 2 | 20,574 | |||||||||||||||||||||||||
Doubtful | — | — | — | 6 | — | — | — | 6 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total classified loans | 359 | 8,955 | 4,993 | 15,947 | 718 | 652 | 6 | 31,630 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,635 | 113,065 | 4,993 | 43,051 | 12,692 | 15,710 | 128 | 191,274 | |||||||||||||||||||||||||
Total loans | $ | 510,770 | $ | 785,469 | $ | 10,292 | $ | 70,462 | $ | 79,823 | $ | 26,296 | $ | 4,512 | $ | 1,487,624 | |||||||||||||||||
Credit-Rating Classification of Loans Receivable | |||||||||||||||||||||||||||||||||
at June 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Non-classified | $ | 482,462 | $ | 538,544 | $ | 5,717 | $ | 25,630 | $ | 65,353 | $ | 10,339 | $ | 4,118 | $ | 1,132,163 | |||||||||||||||||
Classified: | |||||||||||||||||||||||||||||||||
Special mention | 1,843 | 983 | — | 50 | 228 | 28 | — | 3,132 | |||||||||||||||||||||||||
Substandard | 14,682 | 8,527 | — | 1,371 | 1,145 | 94 | 27 | 25,846 | |||||||||||||||||||||||||
Doubtful | — | 302 | — | — | — | — | — | 302 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total classified loans | 16,525 | 9,812 | — | 1,421 | 1,373 | 122 | 27 | 29,280 | |||||||||||||||||||||||||
Total originated and purchased loans | 498,987 | 548,356 | 5,717 | 27,051 | 66,726 | 10,461 | 4,145 | 1,161,443 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Non-classified | 1,301 | 109,559 | 820 | 31,062 | 13,419 | 15,450 | 132 | 171,743 | |||||||||||||||||||||||||
Classified: | |||||||||||||||||||||||||||||||||
Special mention | — | 4,548 | 1,300 | 4,932 | 62 | 76 | — | 10,918 | |||||||||||||||||||||||||
Substandard | 359 | 4,365 | 4,014 | 7,554 | 606 | 626 | 1 | 17,525 | |||||||||||||||||||||||||
Doubtful | — | — | — | 89 | — | — | — | 89 | |||||||||||||||||||||||||
Loss | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Total classified loans | 359 | 8,913 | 5,314 | 12,575 | 668 | 702 | 1 | 28,532 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,660 | 118,472 | 6,134 | 43,637 | 14,087 | 16,152 | 133 | 200,275 | |||||||||||||||||||||||||
Total loans | $ | 500,647 | $ | 666,828 | $ | 11,851 | $ | 70,688 | $ | 80,813 | $ | 26,613 | $ | 4,278 | $ | 1,361,718 | |||||||||||||||||
Contractual Payment Status of Loans Receivable | ' | ||||||||||||||||||||||||||||||||
Contractual Payment Status of Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Current | $ | 496,517 | $ | 666,451 | $ | 5,299 | $ | 25,964 | $ | 66,834 | $ | 10,467 | $ | 4,012 | $ | 1,275,544 | |||||||||||||||||
Past due: | |||||||||||||||||||||||||||||||||
30-59 days | 883 | 626 | — | 355 | 289 | 119 | 48 | 2,320 | |||||||||||||||||||||||||
60-89 days | 1,182 | 179 | — | 74 | — | — | 71 | 1,506 | |||||||||||||||||||||||||
90+ days | 10,553 | 5,148 | — | 1,018 | 8 | — | 253 | 16,980 | |||||||||||||||||||||||||
Total past due | 12,618 | 5,953 | — | 1,447 | 297 | 119 | 372 | 20,806 | |||||||||||||||||||||||||
Total originated and purchased loans | 509,135 | 672,404 | 5,299 | 27,411 | 67,131 | 10,586 | 4,384 | 1,296,350 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Current | 1,276 | 110,486 | 3,742 | 38,811 | 11,971 | 14,768 | 122 | 181,176 | |||||||||||||||||||||||||
Past due: | |||||||||||||||||||||||||||||||||
30-59 days | — | 449 | — | 589 | 334 | 317 | 1 | 1,690 | |||||||||||||||||||||||||
60-89 days | — | 256 | — | 332 | 152 | — | 3 | 743 | |||||||||||||||||||||||||
90+ days | 359 | 1,874 | 1,251 | 3,319 | 235 | 625 | 2 | 7,665 | |||||||||||||||||||||||||
Total past due | 359 | 2,579 | 1,251 | 4,240 | 721 | 942 | 6 | 10,098 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,635 | 113,065 | 4,993 | 43,051 | 12,692 | 15,710 | 128 | 191,274 | |||||||||||||||||||||||||
Total loans | $ | 510,770 | $ | 785,469 | $ | 10,292 | $ | 70,462 | $ | 79,823 | $ | 26,296 | $ | 4,512 | $ | 1,487,624 | |||||||||||||||||
Contractual Payment Status of Loans Receivable | |||||||||||||||||||||||||||||||||
at June 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Current | $ | 484,836 | $ | 542,504 | $ | 5,717 | $ | 26,141 | $ | 66,186 | $ | 10,346 | $ | 3,925 | $ | 1,139,655 | |||||||||||||||||
Past due: | |||||||||||||||||||||||||||||||||
30-59 days | 2,297 | 836 | — | — | 21 | 115 | 166 | 3,435 | |||||||||||||||||||||||||
60-89 days | 1,515 | — | — | — | 186 | — | 27 | 1,728 | |||||||||||||||||||||||||
90+ days | 10,339 | 5,016 | — | 910 | 333 | — | 27 | 16,625 | |||||||||||||||||||||||||
Total past due | 14,151 | 5,852 | — | 910 | 540 | 115 | 220 | 21,788 | |||||||||||||||||||||||||
Total originated and purchased loans | 498,987 | 548,356 | 5,717 | 27,051 | 66,726 | 10,461 | 4,145 | 1,161,443 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Current | 1,301 | 116,150 | 4,448 | 39,819 | 13,295 | 15,477 | 124 | 190,614 | |||||||||||||||||||||||||
Past due: | |||||||||||||||||||||||||||||||||
30-59 days | — | 258 | — | 45 | 433 | — | 8 | 744 | |||||||||||||||||||||||||
60-89 days | — | 186 | — | 284 | 62 | 49 | — | 581 | |||||||||||||||||||||||||
90+ days | 359 | 1,878 | 1,686 | 3,489 | 297 | 626 | 1 | 8,336 | |||||||||||||||||||||||||
Total past due | 359 | 2,322 | 1,686 | 3,818 | 792 | 675 | 9 | 9,661 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,660 | 118,472 | 6,134 | 43,637 | 14,087 | 16,152 | 133 | 200,275 | |||||||||||||||||||||||||
Total loans | $ | 500,647 | $ | 666,828 | $ | 11,851 | $ | 70,688 | $ | 80,813 | $ | 26,613 | $ | 4,278 | $ | 1,361,718 | |||||||||||||||||
Performance Status of Loans Receivable | ' | ||||||||||||||||||||||||||||||||
Performance Status of Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Performing | $ | 497,973 | $ | 664,569 | $ | 5,299 | $ | 26,338 | $ | 67,058 | $ | 10,586 | $ | 4,131 | $ | 1,275,954 | |||||||||||||||||
Nonperforming: | |||||||||||||||||||||||||||||||||
90+ days past due accruing | — | — | — | — | — | — | 226 | 226 | |||||||||||||||||||||||||
Nonaccrual | 11,162 | 7,835 | — | 1,073 | 73 | — | 27 | 20,170 | |||||||||||||||||||||||||
Total nonperforming | 11,162 | 7,835 | — | 1,073 | 73 | — | 253 | 20,396 | |||||||||||||||||||||||||
Total originated and purchased loans | 509,135 | 672,404 | 5,299 | 27,411 | 67,131 | 10,586 | 4,384 | 1,296,350 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Performing | 1,276 | 110,688 | 2,556 | 39,549 | 12,457 | 15,085 | 126 | 181,737 | |||||||||||||||||||||||||
Nonperforming: | |||||||||||||||||||||||||||||||||
90+ days past due accruing | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Nonaccrual | 359 | 2,377 | 2,437 | 3,502 | 235 | 625 | 2 | 9,537 | |||||||||||||||||||||||||
Total nonperforming | 359 | 2,377 | 2,437 | 3,502 | 235 | 625 | 2 | 9,537 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,635 | 113,065 | 4,993 | 43,051 | 12,692 | 15,710 | 128 | 191,274 | |||||||||||||||||||||||||
Total loans | $ | 510,770 | $ | 785,469 | $ | 10,292 | $ | 70,462 | $ | 79,823 | $ | 26,296 | $ | 4,512 | $ | 1,487,624 | |||||||||||||||||
Performance Status of Loans Receivable | |||||||||||||||||||||||||||||||||
at June 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Performing | $ | 487,671 | $ | 540,585 | $ | 5,717 | $ | 25,975 | $ | 66,320 | $ | 10,461 | $ | 4,118 | $ | 1,140,847 | |||||||||||||||||
Nonperforming: | |||||||||||||||||||||||||||||||||
90+ days past due accruing | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Nonaccrual | 11,316 | 7,771 | — | 1,076 | 406 | — | 27 | 20,596 | |||||||||||||||||||||||||
Total nonperforming | 11,316 | 7,771 | — | 1,076 | 406 | — | 27 | 20,596 | |||||||||||||||||||||||||
Total originated and purchased loans | 498,987 | 548,356 | 5,717 | 27,051 | 66,726 | 10,461 | 4,145 | 1,161,443 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Performing | 1,301 | 116,080 | 3,248 | 39,877 | 13,790 | 15,526 | 132 | 189,954 | |||||||||||||||||||||||||
Nonperforming: | |||||||||||||||||||||||||||||||||
90+ days past due accruing | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Nonaccrual | 359 | 2,392 | 2,886 | 3,760 | 297 | 626 | 1 | 10,321 | |||||||||||||||||||||||||
Total nonperforming | 359 | 2,392 | 2,886 | 3,760 | 297 | 626 | 1 | 10,321 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,660 | 118,472 | 6,134 | 43,637 | 14,087 | 16,152 | 133 | 200,275 | |||||||||||||||||||||||||
Total loans | $ | 500,647 | $ | 666,828 | $ | 11,851 | $ | 70,688 | $ | 80,813 | $ | 26,613 | $ | 4,278 | $ | 1,361,718 | |||||||||||||||||
Impairment Status of Loans Receivable | ' | ||||||||||||||||||||||||||||||||
Impairment Status of Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Carrying value of impaired loans: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Non-impaired loans | $ | 494,621 | $ | 664,478 | $ | 5,299 | $ | 26,338 | $ | 66,332 | $ | 10,586 | $ | 4,384 | $ | 1,272,038 | |||||||||||||||||
Impaired loans: | |||||||||||||||||||||||||||||||||
Impaired loans with no allowance for impairment | 11,912 | 7,538 | — | 1,073 | 682 | — | — | 21,205 | |||||||||||||||||||||||||
Impaired loans with allowance for impairment: | |||||||||||||||||||||||||||||||||
Unpaid principal balance | 2,602 | 388 | — | — | 117 | — | — | 3,107 | |||||||||||||||||||||||||
Allowance for impairment | (832 | ) | (391 | ) | — | — | (91 | ) | — | — | (1,314 | ) | |||||||||||||||||||||
Balance of impaired loans net of allowance for impairment | 1,770 | (3 | ) | — | — | 26 | — | — | 1,793 | ||||||||||||||||||||||||
Total impaired loans, excluding allowance | 14,514 | 7,926 | — | 1,073 | 799 | — | — | 24,312 | |||||||||||||||||||||||||
Total originated and purchased loans | 509,135 | 672,404 | 5,299 | 27,411 | 67,131 | 10,586 | 4,384 | 1,296,350 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Non-impaired loans | 1,276 | 109,655 | 2,556 | 32,255 | 12,151 | 15,085 | 128 | 173,106 | |||||||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||||||||||||||
Impaired loans with no allowance for impairment | 359 | 2,908 | 2,437 | 10,134 | 541 | 625 | — | 17,004 | |||||||||||||||||||||||||
Impaired loans with allowance for impairment: | |||||||||||||||||||||||||||||||||
Unpaid principal balance | — | 502 | — | 662 | — | — | — | 1,164 | |||||||||||||||||||||||||
Allowance for impairment | — | (44 | ) | — | (410 | ) | — | — | — | (454 | ) | ||||||||||||||||||||||
Balance of impaired loans net of allowance for impairment | — | 458 | — | 252 | — | — | — | 710 | |||||||||||||||||||||||||
Total impaired loans, excluding allowance | 359 | 3,410 | 2,437 | 10,796 | 541 | 625 | — | 18,168 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,635 | 113,065 | 4,993 | 43,051 | 12,692 | 15,710 | 128 | 191,274 | |||||||||||||||||||||||||
Total loans | $ | 510,770 | $ | 785,469 | $ | 10,292 | $ | 70,462 | $ | 79,823 | $ | 26,296 | $ | 4,512 | $ | 1,487,624 | |||||||||||||||||
Unpaid principal balance of impaired loans: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | $ | 20,785 | $ | 9,097 | $ | — | $ | 1,117 | $ | 822 | $ | — | $ | — | $ | 31,821 | |||||||||||||||||
Loans acquired at fair value | 417 | 4,070 | 2,976 | 12,537 | 574 | 625 | — | 21,199 | |||||||||||||||||||||||||
Total impaired loans | $ | 21,202 | $ | 13,167 | $ | 2,976 | $ | 13,654 | $ | 1,396 | $ | 625 | $ | — | $ | 53,020 | |||||||||||||||||
For the three months ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Average balance of impaired loans | $ | 14,655 | $ | 11,305 | $ | 2,764 | $ | 8,927 | $ | 1,579 | $ | 664 | $ | — | $ | 39,894 | |||||||||||||||||
Interest earned on impaired loans | $ | 47 | $ | 46 | $ | — | $ | 183 | $ | 16 | $ | — | $ | — | $ | 292 | |||||||||||||||||
For the three months ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Average balance of impaired loans | $ | 16,359 | $ | 12,332 | $ | 1,840 | $ | 9,000 | $ | 1,790 | $ | 48 | $ | — | $ | 41,369 | |||||||||||||||||
Interest earned on impaired loans | $ | 40 | $ | 58 | $ | — | $ | 91 | $ | 13 | $ | 3 | $ | — | $ | 205 | |||||||||||||||||
Impairment Status of Loans Receivable | |||||||||||||||||||||||||||||||||
at June 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||||||||||||||
Carrying value of impaired loans: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Non-impaired loans | $ | 484,575 | $ | 540,491 | $ | 5,717 | $ | 25,975 | $ | 65,581 | $ | 10,461 | $ | 4,145 | $ | 1,136,945 | |||||||||||||||||
Impaired loans: | |||||||||||||||||||||||||||||||||
Impaired loans with no allowance for impairment | 11,758 | 7,470 | — | 1,076 | 1,026 | — | — | 21,330 | |||||||||||||||||||||||||
Impaired loans with allowance for impairment: | |||||||||||||||||||||||||||||||||
Unpaid principal balance | 2,654 | 395 | — | — | 119 | — | — | 3,168 | |||||||||||||||||||||||||
Allowance for impairment | (697 | ) | (430 | ) | — | — | (110 | ) | — | — | (1,237 | ) | |||||||||||||||||||||
Balance of impaired loans net of allowance for impairment | 1,957 | (35 | ) | — | — | 9 | — | — | 1,931 | ||||||||||||||||||||||||
Total impaired loans, excluding allowance | 14,412 | 7,865 | — | 1,076 | 1,145 | — | — | 24,498 | |||||||||||||||||||||||||
Total originated and purchased loans | 498,987 | 548,356 | 5,717 | 27,051 | 66,726 | 10,461 | 4,145 | 1,161,443 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Non-impaired loans | 1,301 | 115,163 | 3,248 | 36,387 | 13,481 | 15,526 | 133 | 185,239 | |||||||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||||||||||||||
Impaired loans with no allowance for impairment | 359 | 2,795 | 2,886 | 6,251 | 606 | 626 | — | 13,523 | |||||||||||||||||||||||||
Impaired loans with allowance for impairment: | |||||||||||||||||||||||||||||||||
Unpaid principal balance | — | 514 | — | 999 | — | — | — | 1,513 | |||||||||||||||||||||||||
Allowance for impairment | — | (84 | ) | — | (757 | ) | — | — | — | (841 | ) | ||||||||||||||||||||||
Balance of impaired loans net of allowance for impairment | — | 430 | — | 242 | — | — | — | 672 | |||||||||||||||||||||||||
Total impaired loans, excluding allowance | 359 | 3,309 | 2,886 | 7,250 | 606 | 626 | — | 15,036 | |||||||||||||||||||||||||
Total loans acquired at fair value | 1,660 | 118,472 | 6,134 | 43,637 | 14,087 | 16,152 | 133 | 200,275 | |||||||||||||||||||||||||
Total loans | $ | 500,647 | $ | 666,828 | $ | 11,851 | $ | 70,688 | $ | 80,813 | $ | 26,613 | $ | 4,278 | $ | 1,361,718 | |||||||||||||||||
Unpaid principal balance of impaired loans: | |||||||||||||||||||||||||||||||||
Originated and purchased loans | $ | 20,682 | $ | 8,956 | $ | — | $ | 1,120 | $ | 1,169 | $ | — | $ | — | $ | 31,927 | |||||||||||||||||
Loans acquired at fair value | 417 | 4,077 | 3,419 | 10,168 | 614 | 626 | — | 19,321 | |||||||||||||||||||||||||
Total impaired loans | $ | 21,099 | $ | 13,033 | $ | 3,419 | $ | 11,288 | $ | 1,783 | $ | 626 | $ | — | $ | 51,248 | |||||||||||||||||
Troubled Debt Restructurings of Loans Receivable | ' | ||||||||||||||||||||||||||||||||
Troubled Debt Restructurings of Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2013 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(in Thousands) | |||||||||||||||||||||||||||||||||
Troubled debt restructuring activity for the three months ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Pre-modification outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Post-modification outstanding recorded investment | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Charge offs against the allowance for loan loss for impairment recognized at modification | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Pre-modification outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Post-modification outstanding recorded investment | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Charge offs against the allowance for loan loss for impairment recognized at modification | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Troubled debt restructuring defaults | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Number of loans | 1 | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||
Outstanding recorded investment | $ | 54 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 54 | |||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Troubled Debt Restructurings of Loans Receivable | |||||||||||||||||||||||||||||||||
at September 30, 2012 | |||||||||||||||||||||||||||||||||
Residential | Commercial | Construction | Commercial | Home | Home Equity | Other | Total | ||||||||||||||||||||||||||
Mortgage | Mortgage | Business | Equity | Lines of | Consumer | ||||||||||||||||||||||||||||
Loans | Credit | ||||||||||||||||||||||||||||||||
(in Thousands) | |||||||||||||||||||||||||||||||||
Troubled debt restructuring activity for the three months ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | 1 | — | — | 1 | |||||||||||||||||||||||||
Pre-modification outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | 99 | $ | — | $ | — | $ | 99 | |||||||||||||||||
Post-modification outstanding recorded investment | — | — | — | — | 94 | — | — | 94 | |||||||||||||||||||||||||
Charge offs against the allowance for loan loss for impairment recognized at modification | — | — | — | — | 7 | — | — | 7 | |||||||||||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Pre-modification outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Post-modification outstanding recorded investment | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Charge offs against the allowance for loan loss for impairment recognized at modification | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Troubled debt restructuring defaults | |||||||||||||||||||||||||||||||||
Originated and purchased loans | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||
Loans acquired at fair value | |||||||||||||||||||||||||||||||||
Number of loans | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Outstanding recorded investment | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — |
Borrowings_Tables
Borrowings (Tables) | 3 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Fixed Rate Advances from FHLB | ' | ||||||||||||||||
Fixed rate advances from the FHLB of New York mature as follows: | |||||||||||||||||
September 30, 2013 | June 30, 2013 | ||||||||||||||||
Amount | Weighted | Amount | Weighted | ||||||||||||||
Average | Average | ||||||||||||||||
Interest | Interest | ||||||||||||||||
Rate | Rate | ||||||||||||||||
Maturing in years ending June 30: | |||||||||||||||||
2014 | $ | 235,000 | 0.39 | % | $ | 105,000 | 0.39 | % | |||||||||
2015 | — | — | — | — | |||||||||||||
2018 | — | — | — | — | |||||||||||||
2021 | 832 | 4.94 | 854 | 4.94 | |||||||||||||
2023 | 145,000 | 3.04 | 145,000 | 3.04 | |||||||||||||
380,832 | 1.41 | % | 250,854 | 1.94 | % | ||||||||||||
Fair value adjustments | 73 | 77 | |||||||||||||||
$ | 380,905 | $ | 250,931 | ||||||||||||||
Derivative_Instruments_and_Hed1
Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||
Schedule of Interest Rate Derivatives | ' | ||||||||||||||
The effects of derivative instruments on the Consolidated Financial Statements for September 30, 2013 and June 30, 2013 are as follows: | |||||||||||||||
Notional/ | Fair Value | Balance Sheet | Expiration Date | ||||||||||||
Contract | Location | ||||||||||||||
Amount | |||||||||||||||
(Dollars in Thousands) | |||||||||||||||
Derivatives designated as hedging instruments | |||||||||||||||
At September 30, 2013: | |||||||||||||||
Interest rate swaps: | |||||||||||||||
Effective July 1, 2013 | $ | 165,000 | $ | 646 | Other assets | July 1, 2018 | |||||||||
Effective June 5, 2015 | 60,000 | 862 | Other assets | 5-Jun-20 | |||||||||||
Effective August 19, 2013 | 75,000 | (1,057 | ) | Other assets | August 20, 2018 | ||||||||||
Interest rate caps: | |||||||||||||||
Effective June 5, 2013 | 40,000 | 1,248 | Other assets | 5-Jun-18 | |||||||||||
Effective July 1, 2013 | 35,000 | 1,119 | Other assets | 1-Jul-18 | |||||||||||
Total | $ | 375,000 | $ | 2,818 | |||||||||||
At June 30, 2013: | |||||||||||||||
Interest rate swaps: | |||||||||||||||
Effective July 1, 2013 | $ | 165,000 | $ | 1,617 | Other assets | 1-Jul-18 | |||||||||
Effective June 5, 2015 | 60,000 | 1,220 | Other assets | 5-Jun-20 | |||||||||||
Interest rate caps: | |||||||||||||||
Effective June 5, 2013 | 40,000 | 1,485 | Other assets | 5-Jun-18 | |||||||||||
Effective July 1, 2013 | 35,000 | 1,323 | Other assets | 1-Jul-18 | |||||||||||
Total | $ | 300,000 | $ | 5,645 | |||||||||||
Amount of Gain | Location of Gain | Amount of | |||||||||||||
(Loss) | (Loss) Recognized | Gain (Loss) | |||||||||||||
Recognized in | in Income on | Recognized in | |||||||||||||
OCI on | Derivatives | Income on | |||||||||||||
Derivatives, net | (Ineffective | Derivatives | |||||||||||||
of tax (Effective | Portion) | (Ineffective | |||||||||||||
Portion) | Portion) | ||||||||||||||
(Dollars in Thousands) | |||||||||||||||
Derivatives in cash flow hedges | |||||||||||||||
For the three months ended September 30, 2013: | |||||||||||||||
Interest rate swaps: | |||||||||||||||
Effective July 1, 2013 | $ | (574 | ) | Not Applicable | $ | — | |||||||||
Effective June 5, 2015 | (212 | ) | Not Applicable | — | |||||||||||
Effective August 19, 2013 | (625 | ) | Not Applicable | — | |||||||||||
Interest rate caps: | — | ||||||||||||||
Effective June 5, 2013 | (140 | ) | Not Applicable | — | |||||||||||
Effective July 1, 2013 | (121 | ) | Not Applicable | — | |||||||||||
Total | $ | (1,672 | ) | $ | — | ||||||||||
Benefit_Plans_Components_of_Ne1
Benefit Plans - Components of Net Periodic Expense (Tables) | 3 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||
Schedule of Net Periodic Benefit Expense | ' | ||||||||
The following table sets forth the aggregate net periodic benefit expense for the Bank’s Benefit Equalization Plan, Postretirement Welfare Plan and Directors’ Consultation and Retirement Plan: | |||||||||
Three Months | |||||||||
Ended September 30, | |||||||||
2013 | 2012 | ||||||||
(In Thousands) | |||||||||
Service cost | $ | 50 | $ | 58 | |||||
Interest cost | 84 | 77 | |||||||
Amortization of unrecognized past service liability | 12 | 12 | |||||||
Amortization of unrecognized net actuarial (gain) loss | (1 | ) | 13 | ||||||
Net periodic benefit expense | $ | 145 | $ | 160 | |||||
Fair_Value_of_Financial_Instru1
Fair Value of Financial Instruments (Tables) | 3 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | ' | ||||||||||||||||||||
The assets and liabilities measured at fair value on a recurring basis are summarized below: | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
Quoted Prices in | Significant Other | Significant | Balance | ||||||||||||||||||
Active Markets | Observable Inputs | Unobservable Inputs | |||||||||||||||||||
for Identical | (Level 2) | (Level 3) | |||||||||||||||||||
Assets (Level 1) | |||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||
At September 30, 2013: | |||||||||||||||||||||
Debt securities available for sale: | |||||||||||||||||||||
U.S. agency securities | $ | — | $ | 4,903 | $ | — | $ | 4,903 | |||||||||||||
Obligations of state and political subdivisions | — | 25,259 | — | 25,259 | |||||||||||||||||
Asset-backed securities | — | 24,257 | — | 24,257 | |||||||||||||||||
Collateralized loan obligations | — | 79,931 | — | 79,931 | |||||||||||||||||
Corporate bonds | — | 158,750 | — | 158,750 | |||||||||||||||||
Trust preferred securities | — | 6,444 | 1,000 | 7,444 | |||||||||||||||||
Total debt securities | — | 299,544 | 1,000 | 300,544 | |||||||||||||||||
Mortgage-backed securities available for sale: | |||||||||||||||||||||
Collateralized mortgage obligations | — | 60,985 | — | 60,985 | |||||||||||||||||
Residential pass-through securities | — | 601,332 | — | 601,332 | |||||||||||||||||
Commercial pass-through securities | — | 89,899 | — | 89,899 | |||||||||||||||||
Total mortgage- backed securities | — | 752,216 | — | 752,216 | |||||||||||||||||
Total securities available for sale | $ | — | $ | 1,051,760 | $ | 1,000 | $ | 1,052,760 | |||||||||||||
Derivative instruments: | |||||||||||||||||||||
Interest rate swaps | $ | — | $ | 451 | $ | — | $ | 451 | |||||||||||||
Interest rate caps | — | 2,367 | — | 2,367 | |||||||||||||||||
Total derivatives | $ | — | $ | 2,818 | $ | — | $ | 2,818 | |||||||||||||
At June 30, 2013: | |||||||||||||||||||||
Debt securities available for sale: | |||||||||||||||||||||
U.S. agency securities | $ | — | $ | 5,015 | $ | — | $ | 5,015 | |||||||||||||
Obligations of state and political subdivisions | — | 25,307 | — | 25,307 | |||||||||||||||||
Asset-backed securities | — | 24,798 | — | 24,798 | |||||||||||||||||
Collateralized loan obligations | — | 78,486 | — | 78,486 | |||||||||||||||||
Corporate bonds | — | 159,192 | — | 159,192 | |||||||||||||||||
Trust preferred securities | — | 6,324 | 1,000 | 7,324 | |||||||||||||||||
Total debt securities | — | 299,122 | 1,000 | 300,122 | |||||||||||||||||
Mortgage-backed securities available for sale: | |||||||||||||||||||||
Collateralized mortgage obligations | — | 62,482 | — | 62,482 | |||||||||||||||||
Residential pass-through securities | — | 628,154 | — | 628,154 | |||||||||||||||||
Commercial pass-through securities | — | 90,016 | — | 90,016 | |||||||||||||||||
Total mortgage-backed securities | — | 780,652 | — | 780,652 | |||||||||||||||||
Total securities available for sale | $ | — | $ | 1,079,774 | $ | 1,000 | $ | 1,080,774 | |||||||||||||
Derivative instruments: | |||||||||||||||||||||
Interest rate swaps | $ | — | $ | 2,837 | $ | — | $ | 2,837 | |||||||||||||
Interest rate caps | — | 2,808 | — | 2,808 | |||||||||||||||||
Total derivatives | $ | — | $ | 5,645 | $ | — | $ | 5,645 | |||||||||||||
Schedule of Assets and Liabilities Measured at Fair Value on a Non-recurring Basis | ' | ||||||||||||||||||||
The assets and liabilities measured at fair value on a non-recurring basis are summarized below: | |||||||||||||||||||||
Fair Value Measurements Using | |||||||||||||||||||||
Quoted Prices in | Significant Other | Significant | Balance | ||||||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | |||||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | |||||||||||||||||||
(Level 1) | |||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 14,271 | $ | 14,271 | |||||||||||||
At June 30, 2013 | |||||||||||||||||||||
Impaired loans | $ | — | $ | — | $ | 14,603 | $ | 14,603 | |||||||||||||
Real estate owned | — | — | 229 | 229 | |||||||||||||||||
Schedule of Quantitative Information about Level 3 Fair Value Measurements | ' | ||||||||||||||||||||
The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis and for which the Company has utilized adjusted Level 3 inputs to determine fair value: | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
Fair Value | Valuation | Unobservable | Range | ||||||||||||||||||
Estimate | Techniques | Input | |||||||||||||||||||
(In Thousands) | |||||||||||||||||||||
At September 30, 2013 | |||||||||||||||||||||
Impaired loans | $ | 14,271 | Market valuation of underlying collateral (1) | Direct disposal costs (3) | 6% - 10% | ||||||||||||||||
At June 30, 2013 | |||||||||||||||||||||
Impaired loans | $ | 14,603 | Market valuation of underlying collateral (1) | Direct disposal costs (3) | 6% - 10% | ||||||||||||||||
Real estate owned | $ | 229 | Market valuation property (2) | Direct disposal costs (3) | 6% - 10% | ||||||||||||||||
(1) | The fair value basis of impaired loans is generally determined based on an independent appraisal of the market value of a loan’s underlying collateral. | ||||||||||||||||||||
-2 | The fair value basis of real estate owned is generally determined based upon the lower of an independent appraisal of the property’s market value or the applicable listing price or contracted sales price. | ||||||||||||||||||||
(3) | The fair value basis of impaired loans and real estate owned is adjusted to reflect management estimates of disposal costs including, but not necessarily limited to, real estate brokerage commissions and title transfer fees, with such cost estimates generally ranging from 6% to 10% of collateral or property market value. | ||||||||||||||||||||
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments | ' | ||||||||||||||||||||
The carrying amounts and estimated fair values of financial instruments are as follows: | |||||||||||||||||||||
Carrying Amount and Fair Value Measurements at | |||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Carrying | Fair Value | Quoted Prices in | Significant | Significant | |||||||||||||||||
Amount | Active Markets | Other | Unobservable | ||||||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 118,186 | $ | 118,186 | $ | 118,186 | $ | — | $ | — | |||||||||||
Debt securities available for sale | 300,544 | 300,544 | — | 299,544 | 1,000 | ||||||||||||||||
Debt securities held to maturity | 210,943 | 204,185 | — | 204,185 | — | ||||||||||||||||
Loans receivable | 1,474,238 | 1,476,889 | — | — | 1,476,889 | ||||||||||||||||
Mortgage-backed securities available for sale | 752,216 | 752,216 | — | 752,216 | — | ||||||||||||||||
Mortgage-backed securities held to maturity | 100,674 | 96,078 | — | 96,078 | — | ||||||||||||||||
FHLB Stock | 21,515 | 21,515 | — | — | 21,515 | ||||||||||||||||
Interest receivable | 8,508 | 8,508 | 8,508 | — | — | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits (A) | 2,331,269 | 2,299,855 | 1,342,646 | — | 957,209 | ||||||||||||||||
Borrowings | 417,118 | 423,724 | — | — | 423,724 | ||||||||||||||||
Interest payable on borrowings | 987 | 987 | 987 | — | — | ||||||||||||||||
Derivative instruments: | |||||||||||||||||||||
Interest rate swaps | 451 | 451 | — | 451 | — | ||||||||||||||||
Interest rate caps | 2,367 | 2,367 | — | 2,367 | — | ||||||||||||||||
(A) | Includes accrued interest payable on deposits of $68,000 at September 30, 2013. | ||||||||||||||||||||
Carrying Amount and Fair Value Measurements at | |||||||||||||||||||||
June 30, 2013 | |||||||||||||||||||||
Carrying | Fair Value | Quoted Prices in | Significant | Significant | |||||||||||||||||
Amount | Active Markets | Other | Unobservable | ||||||||||||||||||
for Identical | Observable | Inputs | |||||||||||||||||||
Assets | Inputs | (Level 3) | |||||||||||||||||||
(Level 1) | (Level 2) | ||||||||||||||||||||
(In Thousands) | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 127,034 | $ | 127,034 | $ | 127,034 | $ | — | $ | — | |||||||||||
Debt securities available for sale | 300,122 | 300,122 | — | 299,122 | 1,000 | ||||||||||||||||
Debt securities held to maturity | 210,015 | 202,328 | — | 202,328 | — | ||||||||||||||||
Loans receivable | 1,349,975 | 1,359,799 | — | — | 1,359,799 | ||||||||||||||||
Mortgage-backed securities available for sale | 780,652 | 780,652 | — | 780,652 | — | ||||||||||||||||
Mortgage-backed securities held to maturity | 101,114 | 96,447 | — | 96,447 | — | ||||||||||||||||
FHLB Stock | 15,666 | 15,666 | — | — | 15,666 | ||||||||||||||||
Interest receivable | 8,028 | 8,028 | 8,028 | — | — | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits (A) | 2,370,508 | 2,376,290 | 1,389,044 | — | 987,246 | ||||||||||||||||
Borrowings | 287,695 | 295,914 | — | — | 295,914 | ||||||||||||||||
Interest payable on borrowings | 938 | 938 | 938 | — | — | ||||||||||||||||
Derivative instruments: | |||||||||||||||||||||
Interest rate swaps | 2,837 | 2,837 | — | 2,837 | — | ||||||||||||||||
Interest rate caps | 2,808 | 2,808 | — | 2,808 | — | ||||||||||||||||
(A) | Includes accrued interest payable on deposits of $47,000 at June 30, 2013. | ||||||||||||||||||||
Comprehensive_Income_Tables
Comprehensive Income (Tables) | 3 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Equity [Abstract] | ' | ||||||||
Schedule of Accumulated Other Comprehensive Loss | ' | ||||||||
The components of accumulated other comprehensive loss included in stockholders’ equity at September 30, 2013 and June 30, 2013 are as follows: | |||||||||
September 30, | June 30, | ||||||||
2013 | 2013 | ||||||||
Net unrealized loss on securities available for sale | $ | (5,898 | ) | $ | (7,375 | ) | |||
Tax effect | 1,487 | 2,021 | |||||||
Net of tax amount | (4,411 | ) | (5,354 | ) | |||||
Fair value adjustments on derivatives | 280 | 3,107 | |||||||
Tax effect | (114 | ) | (1,269 | ) | |||||
Net of tax amount | 166 | 1,838 | |||||||
Benefit plan adjustments | (239 | ) | (1,053 | ) | |||||
Tax effect | 97 | 430 | |||||||
Net of tax amount | (142 | ) | (623 | ) | |||||
Accumulated other comprehensive loss | $ | (4,387 | ) | $ | (4,139 | ) | |||
Schedule of Comprehensive Income (Loss) | ' | ||||||||
Other comprehensive (loss) income and related tax effects for the three months ended September 30, 2013 and September 30, 2012 are presented in the following table: | |||||||||
Three Months Ended | |||||||||
September 30, | |||||||||
2013 | 2012 | ||||||||
Unrealized holding gain on securities available for sale | $ | 1,477 | $ | 7,287 | |||||
Fair value adjustments on derivatives | (2,827 | ) | — | ||||||
Benefit plans: | |||||||||
Amortization of: | |||||||||
Actuarial (gain) loss (1) | (1 | ) | 14 | ||||||
Past service cost (1) | 12 | 13 | |||||||
New actuarial gain (loss) | 803 | (1,186 | ) | ||||||
Net change in benefit plans accrued expense | 814 | (1,159 | ) | ||||||
Other comprehensive (loss) income before taxes | (536 | ) | 6,128 | ||||||
Tax effect | 288 | (2,461 | ) | ||||||
Other comprehensive (loss) income | $ | (248 | ) | $ | 3,667 | ||||
(1) | Represents amounts reclassified out of accumulated other comprehensive income and included in the computation of net periodic pension expense. See Note 13 – Benefit Plans for additional information |
Net_Income_Per_Common_Share_EP2
Net Income Per Common Share ("EPS") - Schedule of Calculation of Numerator and Denominator Earnings Per Share (Detail) (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Earnings Per Share [Abstract] | ' | ' |
Income (Numerator): Net income | $2,586 | $1,660 |
Income (Numerator): Basic earnings per share, income available to common stockholders | 2,586 | 1,660 |
Income (Numerator): Diluted earnings per share | $2,586 | $1,660 |
Shares (Denominator): Basic earnings per share, income available to common stockholders | 65,936 | 66,256 |
Shares (Denominator): Diluted earnings per share | 65,936 | 66,256 |
Per Share Amount: Basic earnings per share, income available to common stockholders | $0.04 | $0.03 |
Per Share Amount: Diluted earnings per share | $0.04 | $0.03 |
Net_Income_Per_Common_Share_EP3
Net Income Per Common Share ("EPS") - Additional Information (Detail) | 3 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Earnings Per Share [Abstract] | ' | ' |
Average number of options anti-dilutive | 3,158,000 | 3,193,000 |
Stock_Repurchase_Plans_Additio
Stock Repurchase Plans - Additional Information (Detail) (USD $) | 3 Months Ended |
Sep. 30, 2013 | |
Equity [Abstract] | ' |
Stock Repurchase program, Number of Shares Authorized to be Repurchased | 802,780 |
Stock repurchase program, Number of shares authorized to be repurchased | 5.00% |
Stock Repurchase Program, Number of Shares Repurchased | 591,100 |
Stock Repurchase Program, Total Cost To Repurchase | $5,864,000 |
Stock Repurchase Program, Shares Repurchased, Average Cost Per Share | $9.92 |
Securities_Available_for_Sale_1
Securities Available for Sale - Unrealized Gain (Loss) on Investments (Detail) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | $751,445 | $782,866 |
Amortized Cost | 1,058,658 | 1,088,149 |
Gross Unrealized Gains | 16,191 | 14,350 |
Gross Unrealized Losses | 15,420 | 16,564 |
Mortgage-backed securities available for sale | 752,216 | 780,652 |
Gross Unrealized Gains | 16,283 | 14,635 |
Gross Unrealized Losses | 22,181 | 22,010 |
Securities available for sale, Carrying Amount | 1,052,760 | 1,080,774 |
U.S. Agency Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 4,906 | 4,955 |
Gross Unrealized Gains | ' | 60 |
Gross Unrealized Losses | 3 | ' |
Securities available for sale, Carrying Amount | 4,903 | 5,015 |
Obligations of State and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 27,554 | 27,560 |
Gross Unrealized Losses | 2,295 | 2,253 |
Securities available for sale, Carrying Amount | 25,259 | 25,307 |
Asset-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 25,404 | 25,417 |
Gross Unrealized Gains | ' | 1 |
Gross Unrealized Losses | 1,147 | 620 |
Securities available for sale, Carrying Amount | 24,257 | 24,798 |
Collateralized Loan Obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 80,368 | 78,366 |
Gross Unrealized Gains | 40 | 190 |
Gross Unrealized Losses | 477 | 70 |
Securities available for sale, Carrying Amount | 79,931 | 78,486 |
Corporate Bonds [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 160,100 | 160,107 |
Gross Unrealized Gains | 52 | 34 |
Gross Unrealized Losses | 1,402 | 949 |
Securities available for sale, Carrying Amount | 158,750 | 159,192 |
Trust Preferred Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 8,881 | 8,878 |
Gross Unrealized Losses | 1,437 | 1,554 |
Securities available for sale, Carrying Amount | 7,444 | 7,324 |
Debt securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 307,213 | 305,283 |
Gross Unrealized Gains | 92 | 285 |
Gross Unrealized Losses | 6,761 | 5,446 |
Securities available for sale, Carrying Amount | 300,544 | 300,122 |
Federal Home Loan Mortgage Corporation [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 9,651 | 9,825 |
Gross Unrealized Losses | 501 | 470 |
Mortgage-backed securities available for sale | 9,150 | 9,355 |
Federal National Mortgage Association [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 54,869 | 56,158 |
Gross Unrealized Gains | 22 | 24 |
Gross Unrealized Losses | 3,056 | 3,055 |
Mortgage-backed securities available for sale | 51,835 | 53,127 |
Collateralized Mortgage Obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 64,520 | 65,983 |
Gross Unrealized Gains | 22 | 24 |
Gross Unrealized Losses | 3,557 | 3,525 |
Mortgage-backed securities available for sale | 60,985 | 62,482 |
Residential Pass-Through Securities: Government National Mortgage Association [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 5,552 | 5,889 |
Gross Unrealized Gains | 329 | 444 |
Gross Unrealized Losses | 1 | ' |
Mortgage-backed securities available for sale | 5,880 | 6,333 |
Residential Pass-Through Securities: Federal Home Loan Mortgage Corporation [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 273,963 | 290,133 |
Gross Unrealized Gains | 5,690 | 4,827 |
Gross Unrealized Losses | 3,887 | 4,600 |
Mortgage-backed securities available for sale | 275,766 | 290,360 |
Residential Pass-Through Securities: Federal National Mortgage Association [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 313,258 | 326,356 |
Gross Unrealized Gains | 10,146 | 9,050 |
Gross Unrealized Losses | 3,718 | 3,945 |
Mortgage-backed securities available for sale | 319,686 | 331,461 |
Residential Pass-Through Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 592,773 | 622,378 |
Gross Unrealized Gains | 16,165 | 14,321 |
Gross Unrealized Losses | 7,606 | 8,545 |
Mortgage-backed securities available for sale | 601,332 | 628,154 |
Commercial Pass-Through Securities: Federal Home Loan Mortgage Corporation [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 106 | 116 |
Gross Unrealized Gains | 2 | 2 |
Mortgage-backed securities available for sale | 108 | 118 |
Commercial Pass-Through Securities: Federal National Mortgage Association [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 94,046 | 94,389 |
Gross Unrealized Gains | 2 | 3 |
Gross Unrealized Losses | 4,257 | 4,494 |
Mortgage-backed securities available for sale | 89,791 | 88,898 |
Commercial Pass-Through Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | 94,152 | 94,505 |
Gross Unrealized Gains | 4 | 5 |
Gross Unrealized Losses | 4,257 | 4,494 |
Mortgage-backed securities available for sale | $89,899 | $90,016 |
Securities_Available_for_Sale_2
Securities Available for Sale - Investments Classified by Contractual Maturity Date (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Available For Sale Securities [Abstract] | ' | ' |
Due after one year through five years, Amortized Cost | $23,910 | ' |
Due after five years through ten years, Amortized Cost | 207,728 | ' |
Due after ten years, Amortized Cost | 75,575 | ' |
Amortized Cost | 307,213 | 305,283 |
Due after one year through five years, Fair Value | 23,828 | ' |
Due after five years through ten years, Fair Value | 205,887 | ' |
Due after ten years, Fair Value | 70,829 | ' |
Fair Value | $300,544 | $300,122 |
Securities_Available_for_Sale_3
Securities Available for Sale - Additional Information (Detail) (USD $) | 3 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 |
Available For Sale Securities [Abstract] | ' | ' | ' |
Proceeds from sales of debt securities available for sale | $0 | $0 | ' |
Pledged Assets Separately Reported, Securities Pledged for Federal Home Loan Bank, at Fair Value | 91.4 | ' | 99.4 |
Available-for-sale Securities Pledged as Collateral | $7.10 | ' | $4.40 |
Available-for-sale Securities, Debt Maturities, Basis of Allocation | 'The Company's available for sale mortgage-backed securities are generally secured by both residential and commercial mortgage loans with original contractual maturities of ten to thirty years. The effective lives of mortgage-backed securities are generally shorter than their contractual maturities due to principal amortization and prepayment of the mortgage loans comprised within those securities. | ' | ' |
Securities_Held_to_Maturity_Un
Securities Held to Maturity - Unrealized Gain (Loss) on Investments (Detail) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Carrying Value | $210,943 | $210,015 |
Gross Unrealized Losses | 11,414 | 12,423 |
Estimated Fair Value | 204,185 | 202,328 |
Carrying Value | 100,674 | 101,114 |
Gross Unrealized Gains | 42 | 51 |
Gross Unrealized Losses | 4,638 | 4,718 |
Mortgage-backed securities held to maturity, Estimated Fair Value | 96,078 | 96,447 |
Carrying Value | 311,617 | 311,129 |
Gross Unrealized Gains | 60 | 69 |
Gross Unrealized Losses | 11,414 | 12,423 |
Estimated Fair Value | 300,263 | 298,775 |
U.S. Agency Securities [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Carrying Value | 144,575 | 144,747 |
Gross Unrealized Gains | 12 | 14 |
Gross Unrealized Losses | 2,744 | 3,622 |
Estimated Fair Value | 141,843 | 141,139 |
Obligations of State and Political Subdivisions [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Carrying Value | 66,368 | 65,268 |
Gross Unrealized Gains | 6 | 4 |
Gross Unrealized Losses | 4,032 | 4,083 |
Estimated Fair Value | 62,342 | 61,189 |
Debt securities [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Carrying Value | 210,943 | 210,015 |
Gross Unrealized Gains | 18 | 18 |
Gross Unrealized Losses | 6,776 | 7,705 |
Estimated Fair Value | 204,185 | 202,328 |
Federal Home Loan Mortgage Corporation [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Carrying Value | 20 | 22 |
Gross Unrealized Gains | 2 | 3 |
Mortgage-backed securities held to maturity, Estimated Fair Value | 22 | 25 |
Federal National Mortgage Association [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Carrying Value | 317 | 350 |
Gross Unrealized Gains | 28 | 32 |
Mortgage-backed securities held to maturity, Estimated Fair Value | 345 | 382 |
Non-agency securities [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Carrying Value | 96 | 105 |
Gross Unrealized Gains | ' | 3 |
Gross Unrealized Losses | 2 | 2 |
Mortgage-backed securities held to maturity, Estimated Fair Value | 94 | 106 |
Collateralized Mortgage Obligations [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Gross Unrealized Losses | 2 | 2 |
Carrying Value | 433 | 477 |
Gross Unrealized Gains | 30 | 38 |
Gross Unrealized Losses | 2 | 2 |
Mortgage-backed securities held to maturity, Estimated Fair Value | 461 | 513 |
Residential Pass-Through Securities: Federal Home Loan Mortgage Corporation [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Carrying Value | 91 | 98 |
Gross Unrealized Gains | 4 | 4 |
Mortgage-backed securities held to maturity, Estimated Fair Value | 95 | 102 |
Residential Pass-Through Securities: Federal National Mortgage Association [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Carrying Value | 220 | 231 |
Gross Unrealized Gains | 8 | 9 |
Mortgage-backed securities held to maturity, Estimated Fair Value | 228 | 240 |
Residential Pass-Through Securities [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Carrying Value | 311 | 329 |
Gross Unrealized Gains | 12 | 13 |
Mortgage-backed securities held to maturity, Estimated Fair Value | 323 | 342 |
Commercial Pass-Through Securities: Federal National Mortgage Association [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Carrying Value | 99,930 | 100,308 |
Gross Unrealized Losses | 4,636 | 4,716 |
Mortgage-backed securities held to maturity, Estimated Fair Value | 95,294 | 95,592 |
Commercial Pass-Through Securities [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Gross Unrealized Losses | 4,636 | 4,716 |
Carrying Value | 99,930 | 100,308 |
Gross Unrealized Losses | 4,636 | 4,716 |
Mortgage-backed securities held to maturity, Estimated Fair Value | $95,294 | $95,592 |
Securities_Held_to_Maturity_In
Securities Held to Maturity - Investments Classified by Contractual Maturity Date (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Held To Maturity Securities Classified [Abstract] | ' | ' |
Due in one year or less, Amortized Cost | $3,221 | ' |
Due after one year through five years, Amortized Cost | 144,575 | ' |
Due after five years through ten years, Amortized Cost | 32,128 | ' |
Due after ten years, Amortized Cost | 31,019 | ' |
Held-to-maturity Securities, Total | 210,943 | 210,015 |
Due in one year or less, Fair Value | 3,227 | ' |
Due after one year through five years, Fair Value | 141,843 | ' |
Due after five years through ten years, Fair Value | 30,600 | ' |
Due after ten years, Fair Value | 28,515 | ' |
Estimated Fair Value | $204,185 | $202,328 |
Securities_Held_to_Maturity_Ad
Securities Held to Maturity - Additional Information (Detail) (USD $) | 3 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 |
Held To Maturity Securities Classified [Abstract] | ' | ' | ' |
Proceeds From Sales of Securities Held to Maturity | $0 | $0 | ' |
Held-to-maturity Securities Pledged as Collateral | $123.30 | ' | $123.30 |
Held-to-maturity Securities, Debt Maturities, Basis of Allocation | 'The Company's held to maturity mortgage-backed securities are generally secured by both residential and commercial mortgage loans with original contractual maturities of ten to thirty years. The effective lives of mortgage-backed securities are generally shorter than their contractual maturities due to principal amortization and prepayment of the mortgage loans comprised within those securities. | ' | ' |
Impairment_of_Securities_Sched
Impairment of Securities - Schedule of Fair Value and Gross Unrealized Losses on Investments (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | $592,159 | $616,966 |
Less than 12 Months: Unrealized Losses | 20,744 | 20,456 |
12 Months or More: Fair Value | 6,444 | 6,324 |
12 Months or More: Unrealized Losses | 1,437 | 1,554 |
Total: Fair Value | 598,603 | 623,290 |
Total: Unrealized Losses | 22,181 | 22,010 |
U.S. Agency Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 4,867 | ' |
Less than 12 Months: Unrealized Losses | 3 | ' |
Total: Fair Value | 4,867 | ' |
Total: Unrealized Losses | 3 | ' |
Obligations of State and Political Subdivisions [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 25,260 | 25,307 |
Less than 12 Months: Unrealized Losses | 2,295 | 2,253 |
Total: Fair Value | 25,260 | 25,307 |
Total: Unrealized Losses | 2,295 | 2,253 |
Asset-Backed Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 24,257 | 19,675 |
Less than 12 Months: Unrealized Losses | 1,147 | 620 |
Total: Fair Value | 24,257 | 19,675 |
Total: Unrealized Losses | 1,147 | 620 |
Collateralized Loan Obligations [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 57,519 | 27,930 |
Less than 12 Months: Unrealized Losses | 477 | 70 |
Total: Fair Value | 57,519 | 27,930 |
Total: Unrealized Losses | 477 | 70 |
Corporate Bonds [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 138,698 | 149,190 |
Less than 12 Months: Unrealized Losses | 1,402 | 949 |
Total: Fair Value | 138,698 | 149,190 |
Total: Unrealized Losses | 1,402 | 949 |
Trust Preferred Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
12 Months or More: Fair Value | 6,444 | 6,324 |
12 Months or More: Unrealized Losses | 1,437 | 1,554 |
Total: Fair Value | 6,444 | 6,324 |
Total: Unrealized Losses | 1,437 | 1,554 |
Collateralized Mortgage Obligations [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 59,415 | 60,740 |
Less than 12 Months: Unrealized Losses | 3,557 | 3,525 |
Total: Fair Value | 59,415 | 60,740 |
Total: Unrealized Losses | 3,557 | 3,525 |
Residential Pass-Through Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 192,540 | 244,429 |
Less than 12 Months: Unrealized Losses | 7,606 | 8,545 |
Total: Fair Value | 192,540 | 244,429 |
Total: Unrealized Losses | 7,606 | 8,545 |
Commercial Pass-Through Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 89,603 | 89,695 |
Less than 12 Months: Unrealized Losses | 4,257 | 4,494 |
Total: Fair Value | 89,603 | 89,695 |
Total: Unrealized Losses | $4,257 | $4,494 |
Impairment_of_Securities_Addit
Impairment of Securities - Additional Information (Detail) (USD $) | 3 Months Ended | |
Sep. 30, 2013 | Jun. 30, 2013 | |
Security | Security | |
Schedule of Investments [Line Items] | ' | ' |
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 160 | 153 |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 166 | 162 |
Securities available for sale, carrying amount | $1,052,760,000 | $1,080,774,000 |
Held-to-maturity securities at carrying value | 210,943,000 | 210,015,000 |
Held-to-maturity securities at market value | 204,185,000 | 202,328,000 |
U.S. Agency Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 6 | ' |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 7 | 7 |
Investments percent of total investments | 11.00% | ' |
Investments percent of total assets | 4.60% | ' |
Securities available for sale, carrying amount | 4,903,000 | 5,015,000 |
Held-to-maturity securities at carrying value | 144,575,000 | 144,747,000 |
Held-to-maturity securities at market value | 141,843,000 | 141,139,000 |
Marketable securities | 149,500,000 | ' |
U.S. Agency Securities [Member] | Impaired Securities that Maintained Credit Rating [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Marketable securities | 144,600,000 | ' |
U.S. Agency Securities [Member] | Nonimpaired Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Marketable securities | 4,900,000 | ' |
Obligations of State and Political Subdivisions [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 70 | 70 |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 132 | 132 |
Investments percent of total investments | 6.70% | ' |
Investments percent of total assets | 2.80% | ' |
Securities available for sale, carrying amount | 25,259,000 | 25,307,000 |
Held-to-maturity securities at carrying value | 66,368,000 | 65,268,000 |
Held-to-maturity securities at market value | 62,342,000 | 61,189,000 |
Marketable securities | 91,600,000 | ' |
Bond anticipation notices received | 9 | ' |
Obligations of State and Political Subdivisions [Member] | New Jersey Municipalities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Bond anticipation notices received | 4 | ' |
Obligations of State and Political Subdivisions [Member] | External Credit Rating, Investment Grade [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Marketable securities | 89,000,000 | ' |
Obligations of State and Political Subdivisions [Member] | External Credit Rating, Non Investment Grade [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Marketable securities | 2,600,000 | ' |
Collateralized Mortgage Obligations [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 4 | 4 |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 7 | 4 |
Number of securities held | 7 | ' |
Collateralized Mortgage Obligations [Member] | Impaired Securities that Maintained Credit Rating [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Held-to-maturity securities at carrying value | 96,000,000 | ' |
Held-to-maturity securities at market value | 94,000,000 | ' |
Commercial Pass-Through Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 17 | 17 |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 20 | 19 |
Asset-Backed Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 3 | 2 |
Investments percent of total investments | 1.80% | ' |
Securities available for sale, carrying amount | 24,257,000 | 24,798,000 |
Marketable securities | 24,300,000 | ' |
Collateralized Loan Obligations [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 10 | 5 |
Investments percent of total investments | 5.90% | ' |
Investments percent of total assets | 2.50% | ' |
Securities available for sale, carrying amount | 79,931,000 | 78,486,000 |
Marketable securities | 79,900,000 | ' |
Trust Preferred Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 4 | 4 |
Securities available for sale, carrying amount | 7,444,000 | 7,324,000 |
Number of securities held | 5 | ' |
Marketable securities | 7,400,000 | ' |
Trust Preferred Securities [Member] | Maximum [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Investments percent of total investments | 1.00% | ' |
Trust Preferred Securities [Member] | Impaired Securities that Maintained Credit Rating [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Number of securities held | 4 | ' |
Number of issuing financial institutions | 3 | ' |
Corporate Bonds [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 13 | 13 |
Investments percent of total investments | 11.60% | ' |
Investments percent of total assets | 4.90% | ' |
Securities available for sale, carrying amount | 158,750,000 | 159,192,000 |
Marketable securities | 158,800,000 | ' |
Residential Pass-Through Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 33 | 38 |
Mortgage-backed securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Investments percent of total investments | 62.50% | ' |
Investments percent of total assets | 26.30% | ' |
Securities available for sale, carrying amount | $852,900,000 | ' |
Impairment_of_Securities_Sched1
Impairment of Securities - Schedule of Temporary Impairment Losses, Investments (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | $295,042 | $289,747 |
Less than 12 Months: Unrealized Losses | 11,413 | 12,422 |
12 Months or More: Fair Value | 39 | 44 |
12 Months or More: Unrealized Losses | 1 | 1 |
Total: Fair Value | 295,081 | 289,791 |
Total: Unrealized Losses | 11,414 | 12,423 |
U.S. Agency Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 140,578 | 139,699 |
Less than 12 Months: Unrealized Losses | 2,744 | 3,622 |
Total: Fair Value | 140,578 | 139,699 |
Total: Unrealized Losses | 2,744 | 3,622 |
Obligations of State and Political Subdivisions [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 59,115 | 59,109 |
Less than 12 Months: Unrealized Losses | 4,032 | 4,083 |
Total: Fair Value | 59,115 | 59,109 |
Total: Unrealized Losses | 4,032 | 4,083 |
Collateralized Mortgage Obligations [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 55 | 4 |
Less than 12 Months: Unrealized Losses | 1 | 1 |
12 Months or More: Fair Value | 39 | 44 |
12 Months or More: Unrealized Losses | 1 | 1 |
Total: Fair Value | 94 | 48 |
Total: Unrealized Losses | 2 | 2 |
Commercial Pass-Through Securities [Member] | ' | ' |
Schedule of Investments [Line Items] | ' | ' |
Less than 12 Months: Fair Value | 95,294 | 90,935 |
Less than 12 Months: Unrealized Losses | 4,636 | 4,716 |
Total: Fair Value | 95,294 | 90,935 |
Total: Unrealized Losses | $4,636 | $4,716 |
Loan_Quality_and_Allowance_for2
Loan Quality and Allowance for Loan Losses - Additional Information (Detail) (USD $) | 3 Months Ended | ||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 |
NumberofLoan | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Nonperforming Financing Receivable [Member] | Nonperforming Financing Receivable [Member] | Uncertain Cash Flow [Member] | Uncertain Cash Flow [Member] | ||
Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | ||||||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financing receivable, acquired with deteriorated credit quality | ' | ' | ' | $6,050 | $10,178 | $12,481 | $9,874 | ' | ' |
Impaired financing receivable, unpaid principal balance | 53,020 | 51,248 | 21,199 | 19,321 | ' | 10,178 | 6,050 | ' | ' |
Financing receivable, recorded investment, nonaccrual status | ' | ' | ' | ' | ' | 9,537 | 10,321 | 1,939 | 1,952 |
Financing receivable, allowance for credit losses, individually evaluated for impairment | ' | ' | $438 | $824 | ' | ' | ' | $16 | $17 |
Percentage of valuation allowance | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Number of loan portfolio segments | 7 | ' | ' | ' | ' | ' | ' | ' | ' |
Annual net charge-off rates | '2 years | ' | ' | ' | ' | ' | ' | ' | ' |
Loan_Quality_and_Allowance_for3
Loan Quality and Allowance for Loan Losses - Impaired Loans Acquired Accretable Yield Change (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Business Combination Consideration Transferred [Abstract] | ' | ' |
Beginning balance | $741 | $1,461 |
Accretion to interest income | -55 | -188 |
Disposals | ' | -91 |
Reclassifications from nonaccretable difference | 1,494 | ' |
Ending balance | $2,180 | $1,182 |
Loan_Quality_and_Allowance_for4
Loan Quality and Allowance for Loan Losses - Allowance for Loan Losses and Loans Receivable (Detail) (USD $) | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 |
Allocated [Member] | Allocated [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Commercial Mortgage [Member] | Commercial Mortgage [Member] | Commercial Mortgage [Member] | Commercial Mortgage [Member] | Commercial Mortgage [Member] | Construction [Member] | Construction [Member] | Construction [Member] | Construction [Member] | Construction [Member] | Construction [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Other Consumer [Member] | Other Consumer [Member] | Other Consumer [Member] | Other Consumer [Member] | Other Consumer [Member] | Other Consumer [Member] | Other Consumer [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Originated and Purchased Loans [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | Loans Acquired at Fair Value [Member] | ||||
Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Allocated [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Commercial Mortgage [Member] | Commercial Mortgage [Member] | Commercial Mortgage [Member] | Construction [Member] | Construction [Member] | Construction [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Other Consumer [Member] | Other Consumer [Member] | Other Consumer [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Residential Mortgage [Member] | Commercial Mortgage [Member] | Commercial Mortgage [Member] | Commercial Mortgage [Member] | Construction [Member] | Construction [Member] | Construction [Member] | Commercial Business [Member] | Commercial Business [Member] | Commercial Business [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Home Equity Loans [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Home Equity Lines of Credit [Member] | Other Consumer [Member] | Other Consumer [Member] | Other Consumer [Member] | ||||||||||||||||||||||||||||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance - beginning | $10,896 | $10,117 | ' | $10,896 | $10,117 | $3,660 | $4,572 | ' | $3,660 | $4,572 | $5,359 | $3,443 | ' | $5,359 | $3,443 | $103 | $81 | $232 | $277 | $81 | $277 | $1,218 | $1,310 | ' | $1,218 | $1,310 | $490 | $447 | ' | $490 | $447 | $54 | $76 | $76 | $54 | $76 | $76 | $12 | $14 | ' | $11 | $12 | $13 | $14 | $10,013 | $9,181 | ' | $3,523 | $3,636 | ' | $5,723 | $4,786 | ' | $72 | $50 | ' | $258 | $252 | ' | $390 | $410 | ' | $36 | $35 | ' | $11 | $12 | ' | $1,393 | $1,715 | ' | $24 | $24 | ' | $497 | $573 | ' | $31 | $31 | ' | $722 | $966 | ' | $79 | $80 | ' | $40 | $41 | ' | ' | ' | ' |
Loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16 | 17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16 | 17 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total charge offs | -707 | -635 | ' | ' | ' | -230 | -499 | ' | ' | ' | -34 | -13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -408 | -116 | ' | ' | ' | -34 | -6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1 | -1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provision for loan losses | ' | ' | ' | 1,168 | 339 | ' | ' | ' | 99 | 33 | ' | ' | ' | 867 | 162 | ' | ' | ' | ' | 22 | -45 | ' | ' | ' | 168 | 190 | ' | ' | ' | 12 | -12 | ' | ' | ' | 11 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance, Loans individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,314 | 1,237 | ' | 832 | 697 | ' | 391 | 430 | ' | ' | ' | ' | ' | ' | ' | 91 | 110 | ' | ' | ' | ' | ' | ' | ' | 438 | 824 | ' | ' | ' | ' | 44 | 84 | ' | ' | ' | ' | 394 | 740 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total recoveries | 49 | 28 | ' | ' | ' | 18 | 9 | ' | ' | ' | 28 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 17 | ' | ' | ' | 1 | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Allowance, Loans collectively evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,699 | 7,944 | ' | 2,691 | 2,939 | ' | 5,332 | 4,356 | ' | 72 | 50 | ' | 258 | 252 | ' | 299 | 300 | ' | 36 | 35 | ' | 11 | 12 | ' | 939 | 874 | ' | 24 | 24 | ' | 453 | 489 | ' | 31 | 31 | ' | 312 | 209 | ' | 79 | 80 | ' | 40 | 41 | ' | ' | ' | ' |
Allowance | 11,406 | 9,849 | ' | 11,406 | 9,849 | 3,547 | 4,115 | ' | 3,547 | 4,115 | 6,220 | 3,592 | ' | 6,220 | 3,592 | 103 | 81 | 232 | 277 | 103 | 232 | 980 | 1,401 | ' | 980 | 1,401 | 469 | 429 | ' | 469 | 429 | 67 | 76 | 76 | 67 | 76 | 76 | 11 | 13 | ' | 11 | 12 | 13 | 14 | 10,013 | 9,181 | ' | 3,523 | 3,636 | ' | 5,723 | 4,786 | ' | 72 | 50 | ' | 258 | 252 | ' | 390 | 410 | ' | 36 | 35 | ' | 11 | 12 | ' | 1,393 | 1,715 | ' | 24 | 24 | ' | 497 | 573 | ' | 31 | 31 | ' | 722 | 966 | ' | 79 | 80 | ' | 40 | 41 | ' | ' | ' | ' |
Balance - ending | 11,406 | 9,849 | ' | 11,406 | 9,849 | 3,547 | 4,115 | ' | 3,547 | 4,115 | 6,220 | 3,592 | ' | 6,220 | 3,592 | 103 | 81 | 232 | 277 | 103 | 232 | 980 | 1,401 | ' | 980 | 1,401 | 469 | 429 | ' | 469 | 429 | 67 | 76 | 76 | 67 | 76 | 76 | 11 | 13 | ' | 11 | 12 | 13 | 14 | 10,013 | 9,181 | ' | 3,523 | 3,636 | ' | 5,723 | 4,786 | ' | 72 | 50 | ' | 258 | 252 | ' | 390 | 410 | ' | 36 | 35 | ' | 11 | 12 | ' | 1,393 | 1,715 | ' | 24 | 24 | ' | 497 | 573 | ' | 31 | 31 | ' | 722 | 966 | ' | 79 | 80 | ' | 40 | 41 | ' | ' | ' | ' |
Loans acquired with deteriorated credit quality | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,050 | 10,178 | ' | ' | ' | ' | 1,230 | 1,347 | ' | 316 | 315 | ' | 4,504 | 8,516 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24,498 | 24,312 | ' | 14,412 | 14,514 | ' | 7,865 | 7,926 | ' | ' | ' | ' | 1,076 | 1,073 | ' | 1,145 | 799 | ' | ' | ' | ' | ' | ' | ' | 8,986 | 7,990 | ' | 359 | 359 | ' | 2,079 | 2,063 | ' | 2,570 | 2,122 | ' | 2,746 | 2,280 | ' | 606 | 541 | ' | 626 | 625 | ' | ' | ' |
Loans collectively evaluated for impairment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,136,945 | 1,272,038 | ' | 484,575 | 494,621 | ' | 540,491 | 664,478 | ' | 5,717 | 5,299 | ' | 25,975 | 26,338 | ' | 65,581 | 66,332 | ' | 10,461 | 10,586 | ' | 4,145 | 4,384 | ' | 185,239 | 173,106 | ' | 1,301 | 1,276 | ' | 115,163 | 109,655 | ' | 3,248 | 2,556 | ' | 36,387 | 32,255 | ' | 13,481 | 12,151 | ' | 15,526 | 15,085 | ' | 133 | 128 |
Loans and Leases Receivable, Gross | 1,487,624 | 1,487,624 | 1,361,718 | ' | ' | 510,770 | 510,770 | 500,647 | ' | ' | 785,469 | 785,469 | 666,828 | ' | ' | 10,292 | 11,851 | 10,292 | ' | ' | ' | 70,462 | 70,462 | 70,688 | ' | ' | 79,823 | 79,823 | 80,813 | ' | ' | 26,296 | 26,296 | 26,613 | ' | ' | ' | 4,512 | 4,512 | 4,278 | ' | ' | ' | ' | 1,296,350 | 1,161,443 | 1,296,350 | 509,135 | 498,987 | 509,135 | 672,404 | 548,356 | 672,404 | 5,299 | 5,717 | 5,299 | 27,411 | 27,051 | 27,411 | 67,131 | 66,726 | 67,131 | 10,586 | 10,461 | 10,586 | 4,384 | 4,145 | 4,384 | 191,274 | 200,275 | 191,274 | 1,635 | 1,660 | 1,635 | 113,065 | 118,472 | 113,065 | 4,993 | 6,134 | 4,993 | 43,051 | 43,637 | 43,051 | 12,692 | 14,087 | 12,692 | 15,710 | 16,152 | 15,710 | 128 | 133 | 128 |
Unamortized yield adjustments including net premiums on purchased loans and net deferred loan costs and fees | -1,980 | -1,980 | -847 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans receivable | $1,485,644 | $1,485,644 | $1,360,871 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan_Quality_and_Allowance_for5
Loan Quality and Allowance for Loan Losses - Credit-Rating Classification of Loans Receivable (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | $1,487,624 | $1,361,718 | $1,487,624 |
Residential Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 510,770 | 500,647 | 510,770 |
Commercial Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 785,469 | 666,828 | 785,469 |
Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,292 | 11,851 | 10,292 |
Commercial Business [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 70,462 | 70,688 | 70,462 |
Home Equity Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 79,823 | 80,813 | 79,823 |
Home Equity Lines of Credit [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 26,296 | 26,613 | 26,296 |
Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,512 | 4,278 | 4,512 |
Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,296,350 | 1,161,443 | 1,296,350 |
Originated and Purchased Loans [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,266,226 | 1,132,163 | ' |
Originated and Purchased Loans [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 3,829 | 3,132 | ' |
Originated and Purchased Loans [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 25,998 | 25,846 | ' |
Originated and Purchased Loans [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 297 | 302 | ' |
Originated and Purchased Loans [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 30,124 | 29,280 | ' |
Originated and Purchased Loans [Member] | Residential Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 509,135 | 498,987 | 509,135 |
Originated and Purchased Loans [Member] | Residential Mortgage [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 493,111 | 482,462 | ' |
Originated and Purchased Loans [Member] | Residential Mortgage [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,241 | 1,843 | ' |
Originated and Purchased Loans [Member] | Residential Mortgage [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 14,783 | 14,682 | ' |
Originated and Purchased Loans [Member] | Residential Mortgage [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 16,024 | 16,525 | ' |
Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 672,404 | 548,356 | 672,404 |
Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 662,377 | 538,544 | ' |
Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 795 | 983 | ' |
Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 8,935 | 8,527 | ' |
Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 297 | 302 | ' |
Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,027 | 9,812 | ' |
Originated and Purchased Loans [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,299 | 5,717 | 5,299 |
Originated and Purchased Loans [Member] | Construction [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 3,804 | 5,717 | ' |
Originated and Purchased Loans [Member] | Construction [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,495 | ' | ' |
Originated and Purchased Loans [Member] | Construction [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,495 | ' | ' |
Originated and Purchased Loans [Member] | Commercial Business [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 27,411 | 27,051 | 27,411 |
Originated and Purchased Loans [Member] | Commercial Business [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 25,974 | 25,630 | ' |
Originated and Purchased Loans [Member] | Commercial Business [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 78 | 50 | ' |
Originated and Purchased Loans [Member] | Commercial Business [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,359 | 1,371 | ' |
Originated and Purchased Loans [Member] | Commercial Business [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,437 | 1,421 | ' |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 67,131 | 66,726 | 67,131 |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 66,182 | 65,353 | ' |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 150 | 228 | ' |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 799 | 1,145 | ' |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 949 | 1,373 | ' |
Originated and Purchased Loans [Member] | Home Equity Lines of Credit [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,586 | 10,461 | 10,586 |
Originated and Purchased Loans [Member] | Home Equity Lines of Credit [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,463 | 10,339 | ' |
Originated and Purchased Loans [Member] | Home Equity Lines of Credit [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 28 | 28 | ' |
Originated and Purchased Loans [Member] | Home Equity Lines of Credit [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 95 | 94 | ' |
Originated and Purchased Loans [Member] | Home Equity Lines of Credit [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 123 | 122 | ' |
Originated and Purchased Loans [Member] | Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,384 | 4,145 | 4,384 |
Originated and Purchased Loans [Member] | Other Consumer [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,315 | 4,118 | ' |
Originated and Purchased Loans [Member] | Other Consumer [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 42 | ' | ' |
Originated and Purchased Loans [Member] | Other Consumer [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 27 | 27 | ' |
Originated and Purchased Loans [Member] | Other Consumer [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 69 | 27 | ' |
Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 191,274 | 200,275 | 191,274 |
Loans Acquired at Fair Value [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 159,644 | 171,743 | ' |
Loans Acquired at Fair Value [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 11,050 | 10,918 | ' |
Loans Acquired at Fair Value [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 20,574 | 17,525 | ' |
Loans Acquired at Fair Value [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 6 | 89 | ' |
Loans Acquired at Fair Value [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 31,630 | 28,532 | ' |
Loans Acquired at Fair Value [Member] | Residential Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,635 | 1,660 | 1,635 |
Loans Acquired at Fair Value [Member] | Residential Mortgage [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,276 | 1,301 | ' |
Loans Acquired at Fair Value [Member] | Residential Mortgage [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 359 | 359 | ' |
Loans Acquired at Fair Value [Member] | Residential Mortgage [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 359 | 359 | ' |
Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 113,065 | 118,472 | 113,065 |
Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 104,110 | 109,559 | ' |
Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,760 | 4,548 | ' |
Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,195 | 4,365 | ' |
Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 8,955 | 8,913 | ' |
Loans Acquired at Fair Value [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,993 | 6,134 | 4,993 |
Loans Acquired at Fair Value [Member] | Construction [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | ' | 820 | ' |
Loans Acquired at Fair Value [Member] | Construction [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,300 | 1,300 | ' |
Loans Acquired at Fair Value [Member] | Construction [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 3,693 | 4,014 | ' |
Loans Acquired at Fair Value [Member] | Construction [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,993 | 5,314 | ' |
Loans Acquired at Fair Value [Member] | Commercial Business [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 43,051 | 43,637 | 43,051 |
Loans Acquired at Fair Value [Member] | Commercial Business [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 27,104 | 31,062 | ' |
Loans Acquired at Fair Value [Member] | Commercial Business [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,842 | 4,932 | ' |
Loans Acquired at Fair Value [Member] | Commercial Business [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 11,099 | 7,554 | ' |
Loans Acquired at Fair Value [Member] | Commercial Business [Member] | Doubtful [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 6 | 89 | ' |
Loans Acquired at Fair Value [Member] | Commercial Business [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 15,947 | 12,575 | ' |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 12,692 | 14,087 | 12,692 |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 11,974 | 13,419 | ' |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 117 | 62 | ' |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 601 | 606 | ' |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 718 | 668 | ' |
Loans Acquired at Fair Value [Member] | Home Equity Lines of Credit [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 15,710 | 16,152 | 15,710 |
Loans Acquired at Fair Value [Member] | Home Equity Lines of Credit [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 15,058 | 15,450 | ' |
Loans Acquired at Fair Value [Member] | Home Equity Lines of Credit [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 27 | 76 | ' |
Loans Acquired at Fair Value [Member] | Home Equity Lines of Credit [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 625 | 626 | ' |
Loans Acquired at Fair Value [Member] | Home Equity Lines of Credit [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 652 | 702 | ' |
Loans Acquired at Fair Value [Member] | Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 128 | 133 | 128 |
Loans Acquired at Fair Value [Member] | Other Consumer [Member] | Non-classified [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 122 | 132 | ' |
Loans Acquired at Fair Value [Member] | Other Consumer [Member] | Special Mention [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4 | ' | ' |
Loans Acquired at Fair Value [Member] | Other Consumer [Member] | Substandard [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 2 | 1 | ' |
Loans Acquired at Fair Value [Member] | Other Consumer [Member] | Total Classified Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | $6 | $1 | ' |
Loan_Quality_and_Allowance_for6
Loan Quality and Allowance for Loan Losses - Contractual Payment Status of Loans Receivable (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | $1,487,624 | $1,361,718 | $1,487,624 |
Residential Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 510,770 | 500,647 | 510,770 |
Commercial Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 785,469 | 666,828 | 785,469 |
Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,292 | 11,851 | 10,292 |
Commercial Business [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 70,462 | 70,688 | 70,462 |
Home Equity Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 79,823 | 80,813 | 79,823 |
Home Equity Lines of Credit [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 26,296 | 26,613 | 26,296 |
Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,512 | 4,278 | 4,512 |
Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 1,275,544 | 1,139,655 | ' |
Past due: 30-59 days | 2,320 | 3,435 | ' |
Past due: 60-89 days | 1,506 | 1,728 | ' |
Past due: 90+ days | 16,980 | 16,625 | ' |
Total past due | 20,806 | 21,788 | ' |
Loans and Leases Receivable, Gross | 1,296,350 | 1,161,443 | 1,296,350 |
Originated and Purchased Loans [Member] | Residential Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 496,517 | 484,836 | ' |
Past due: 30-59 days | 883 | 2,297 | ' |
Past due: 60-89 days | 1,182 | 1,515 | ' |
Past due: 90+ days | 10,553 | 10,339 | ' |
Total past due | 12,618 | 14,151 | ' |
Loans and Leases Receivable, Gross | 509,135 | 498,987 | 509,135 |
Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 666,451 | 542,504 | ' |
Past due: 30-59 days | 626 | 836 | ' |
Past due: 60-89 days | 179 | ' | ' |
Past due: 90+ days | 5,148 | 5,016 | ' |
Total past due | 5,953 | 5,852 | ' |
Loans and Leases Receivable, Gross | 672,404 | 548,356 | 672,404 |
Originated and Purchased Loans [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 5,299 | 5,717 | ' |
Loans and Leases Receivable, Gross | 5,299 | 5,717 | 5,299 |
Originated and Purchased Loans [Member] | Commercial Business [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 25,964 | 26,141 | ' |
Past due: 30-59 days | 355 | ' | ' |
Past due: 60-89 days | 74 | ' | ' |
Past due: 90+ days | 1,018 | 910 | ' |
Total past due | 1,447 | 910 | ' |
Loans and Leases Receivable, Gross | 27,411 | 27,051 | 27,411 |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 66,834 | 66,186 | ' |
Past due: 30-59 days | 289 | 21 | ' |
Past due: 60-89 days | ' | 186 | ' |
Past due: 90+ days | 8 | 333 | ' |
Total past due | 297 | 540 | ' |
Loans and Leases Receivable, Gross | 67,131 | 66,726 | 67,131 |
Originated and Purchased Loans [Member] | Home Equity Lines of Credit [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 10,467 | 10,346 | ' |
Past due: 30-59 days | 119 | 115 | ' |
Total past due | 119 | 115 | ' |
Loans and Leases Receivable, Gross | 10,586 | 10,461 | 10,586 |
Originated and Purchased Loans [Member] | Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 4,012 | 3,925 | ' |
Past due: 30-59 days | 48 | 166 | ' |
Past due: 60-89 days | 71 | 27 | ' |
Past due: 90+ days | 253 | 27 | ' |
Total past due | 372 | 220 | ' |
Loans and Leases Receivable, Gross | 4,384 | 4,145 | 4,384 |
Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 181,176 | 190,614 | ' |
Past due: 30-59 days | 1,690 | 744 | ' |
Past due: 60-89 days | 743 | 581 | ' |
Past due: 90+ days | 7,665 | 8,336 | ' |
Total past due | 10,098 | 9,661 | ' |
Loans and Leases Receivable, Gross | 191,274 | 200,275 | 191,274 |
Loans Acquired at Fair Value [Member] | Residential Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 1,276 | 1,301 | ' |
Past due: 90+ days | 359 | 359 | ' |
Total past due | 359 | 359 | ' |
Loans and Leases Receivable, Gross | 1,635 | 1,660 | 1,635 |
Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 110,486 | 116,150 | ' |
Past due: 30-59 days | 449 | 258 | ' |
Past due: 60-89 days | 256 | 186 | ' |
Past due: 90+ days | 1,874 | 1,878 | ' |
Total past due | 2,579 | 2,322 | ' |
Loans and Leases Receivable, Gross | 113,065 | 118,472 | 113,065 |
Loans Acquired at Fair Value [Member] | Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 3,742 | 4,448 | ' |
Past due: 90+ days | 1,251 | 1,686 | ' |
Total past due | 1,251 | 1,686 | ' |
Loans and Leases Receivable, Gross | 4,993 | 6,134 | 4,993 |
Loans Acquired at Fair Value [Member] | Commercial Business [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 38,811 | 39,819 | ' |
Past due: 30-59 days | 589 | 45 | ' |
Past due: 60-89 days | 332 | 284 | ' |
Past due: 90+ days | 3,319 | 3,489 | ' |
Total past due | 4,240 | 3,818 | ' |
Loans and Leases Receivable, Gross | 43,051 | 43,637 | 43,051 |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 11,971 | 13,295 | ' |
Past due: 30-59 days | 334 | 433 | ' |
Past due: 60-89 days | 152 | 62 | ' |
Past due: 90+ days | 235 | 297 | ' |
Total past due | 721 | 792 | ' |
Loans and Leases Receivable, Gross | 12,692 | 14,087 | 12,692 |
Loans Acquired at Fair Value [Member] | Home Equity Lines of Credit [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 14,768 | 15,477 | ' |
Past due: 30-59 days | 317 | ' | ' |
Past due: 60-89 days | ' | 49 | ' |
Past due: 90+ days | 625 | 626 | ' |
Total past due | 942 | 675 | ' |
Loans and Leases Receivable, Gross | 15,710 | 16,152 | 15,710 |
Loans Acquired at Fair Value [Member] | Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Current | 122 | 124 | ' |
Past due: 30-59 days | 1 | 8 | ' |
Past due: 60-89 days | 3 | ' | ' |
Past due: 90+ days | 2 | 1 | ' |
Total past due | 6 | 9 | ' |
Loans and Leases Receivable, Gross | $128 | $133 | $128 |
Loan_Quality_and_Allowance_for7
Loan Quality and Allowance for Loan Losses - Performance Status of Loans Receivable (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | $1,487,624 | $1,361,718 | $1,487,624 |
Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,296,350 | 1,161,443 | 1,296,350 |
Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 191,274 | 200,275 | 191,274 |
Performing Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,275,954 | 1,140,847 | ' |
Performing Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 181,737 | 189,954 | ' |
Nonperforming Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
90+ days past due and accruing | 226 | ' | ' |
Nonaccrual | 20,170 | 20,596 | ' |
Total nonperforming | 20,396 | 20,596 | ' |
Nonperforming Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Nonaccrual | 9,537 | 10,321 | ' |
Total nonperforming | 9,537 | 10,321 | ' |
Residential Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 510,770 | 500,647 | 510,770 |
Residential Mortgage [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 509,135 | 498,987 | 509,135 |
Residential Mortgage [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,635 | 1,660 | 1,635 |
Residential Mortgage [Member] | Performing Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 497,973 | 487,671 | ' |
Residential Mortgage [Member] | Performing Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 1,276 | 1,301 | ' |
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Nonaccrual | 11,162 | 11,316 | ' |
Total nonperforming | 11,162 | 11,316 | ' |
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Nonaccrual | 359 | 359 | ' |
Total nonperforming | 359 | 359 | ' |
Commercial Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 785,469 | 666,828 | 785,469 |
Commercial Mortgage [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 672,404 | 548,356 | 672,404 |
Commercial Mortgage [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 113,065 | 118,472 | 113,065 |
Commercial Mortgage [Member] | Performing Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 664,569 | 540,585 | ' |
Commercial Mortgage [Member] | Performing Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 110,688 | 116,080 | ' |
Commercial Mortgage [Member] | Nonperforming Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Nonaccrual | 7,835 | 7,771 | ' |
Total nonperforming | 7,835 | 7,771 | ' |
Commercial Mortgage [Member] | Nonperforming Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Nonaccrual | 2,377 | 2,392 | ' |
Total nonperforming | 2,377 | 2,392 | ' |
Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,292 | 11,851 | 10,292 |
Construction [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,299 | 5,717 | 5,299 |
Construction [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,993 | 6,134 | 4,993 |
Construction [Member] | Performing Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 5,299 | 5,717 | ' |
Construction [Member] | Performing Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 2,556 | 3,248 | ' |
Construction [Member] | Nonperforming Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Nonaccrual | 2,437 | 2,886 | ' |
Total nonperforming | 2,437 | 2,886 | ' |
Commercial Business [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 70,462 | 70,688 | 70,462 |
Commercial Business [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 27,411 | 27,051 | 27,411 |
Commercial Business [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 43,051 | 43,637 | 43,051 |
Commercial Business [Member] | Performing Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 26,338 | 25,975 | ' |
Commercial Business [Member] | Performing Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 39,549 | 39,877 | ' |
Commercial Business [Member] | Nonperforming Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Nonaccrual | 1,073 | 1,076 | ' |
Total nonperforming | 1,073 | 1,076 | ' |
Commercial Business [Member] | Nonperforming Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Nonaccrual | 3,502 | 3,760 | ' |
Total nonperforming | 3,502 | 3,760 | ' |
Home Equity Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 79,823 | 80,813 | 79,823 |
Home Equity Loans [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 67,131 | 66,726 | 67,131 |
Home Equity Loans [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 12,692 | 14,087 | 12,692 |
Home Equity Loans [Member] | Performing Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 67,058 | 66,320 | ' |
Home Equity Loans [Member] | Performing Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 12,457 | 13,790 | ' |
Home Equity Loans [Member] | Nonperforming Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Nonaccrual | 73 | 406 | ' |
Total nonperforming | 73 | 406 | ' |
Home Equity Loans [Member] | Nonperforming Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Nonaccrual | 235 | 297 | ' |
Total nonperforming | 235 | 297 | ' |
Home Equity Lines of Credit [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 26,296 | 26,613 | 26,296 |
Home Equity Lines of Credit [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,586 | 10,461 | 10,586 |
Home Equity Lines of Credit [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 15,710 | 16,152 | 15,710 |
Home Equity Lines of Credit [Member] | Performing Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,586 | 10,461 | ' |
Home Equity Lines of Credit [Member] | Performing Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 15,085 | 15,526 | ' |
Home Equity Lines of Credit [Member] | Nonperforming Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Nonaccrual | 625 | 626 | ' |
Total nonperforming | 625 | 626 | ' |
Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,512 | 4,278 | 4,512 |
Other Consumer [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,384 | 4,145 | 4,384 |
Other Consumer [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 128 | 133 | 128 |
Other Consumer [Member] | Performing Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,131 | 4,118 | ' |
Other Consumer [Member] | Performing Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 126 | 132 | ' |
Other Consumer [Member] | Nonperforming Financing Receivable [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
90+ days past due and accruing | 226 | ' | ' |
Nonaccrual | 27 | 27 | ' |
Total nonperforming | 253 | 27 | ' |
Other Consumer [Member] | Nonperforming Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Nonaccrual | 2 | 1 | ' |
Total nonperforming | $2 | $1 | ' |
Loan_Quality_and_Allowance_for8
Loan Quality and Allowance for Loan Losses - Impairment Status of Loans Receivable (Detail) (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | $1,487,624 | $1,487,624 | $1,361,718 |
Unpaid principal balance of impaired loans | 53,020 | ' | 51,248 |
Average balance of impaired loans | 39,894 | 41,369 | ' |
Interest earned on impaired loans | 292 | 205 | ' |
Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 1,272,038 | ' | 1,136,945 |
Impaired loans with no allowance for impairment | 21,205 | ' | 21,330 |
Impaired loans with impairment: Unpaid principal balance | 3,107 | ' | 3,168 |
Impaired loans with impairment: Specific allowance for impairment | -1,314 | ' | -1,237 |
Balance of impaired loans net of allowance for impairment | 1,793 | ' | 1,931 |
Total impaired loans, excluding allowance | 24,312 | ' | 24,498 |
Loans and Leases Receivable, Gross | 1,296,350 | 1,296,350 | 1,161,443 |
Unpaid principal balance of impaired loans | 31,821 | ' | 31,927 |
Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 173,106 | ' | 185,239 |
Impaired loans with no allowance for impairment | 17,004 | ' | 13,523 |
Impaired loans with impairment: Unpaid principal balance | 1,164 | ' | 1,513 |
Impaired loans with impairment: Specific allowance for impairment | -454 | ' | -841 |
Balance of impaired loans net of allowance for impairment | 710 | ' | 672 |
Total impaired loans, excluding allowance | 18,168 | ' | 15,036 |
Loans and Leases Receivable, Gross | 191,274 | 191,274 | 200,275 |
Unpaid principal balance of impaired loans | 21,199 | ' | 19,321 |
Residential Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 510,770 | 510,770 | 500,647 |
Unpaid principal balance of impaired loans | 21,202 | ' | 21,099 |
Average balance of impaired loans | 14,655 | 16,359 | ' |
Interest earned on impaired loans | 47 | 40 | ' |
Residential Mortgage [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 494,621 | ' | 484,575 |
Impaired loans with no allowance for impairment | 11,912 | ' | 11,758 |
Impaired loans with impairment: Unpaid principal balance | 2,602 | ' | 2,654 |
Impaired loans with impairment: Specific allowance for impairment | -832 | ' | -697 |
Balance of impaired loans net of allowance for impairment | 1,770 | ' | 1,957 |
Total impaired loans, excluding allowance | 14,514 | ' | 14,412 |
Loans and Leases Receivable, Gross | 509,135 | 509,135 | 498,987 |
Unpaid principal balance of impaired loans | 20,785 | ' | 20,682 |
Residential Mortgage [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 1,276 | ' | 1,301 |
Impaired loans with no allowance for impairment | 359 | ' | 359 |
Total impaired loans, excluding allowance | 359 | ' | 359 |
Loans and Leases Receivable, Gross | 1,635 | 1,635 | 1,660 |
Unpaid principal balance of impaired loans | 417 | ' | 417 |
Commercial Mortgage [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 785,469 | 785,469 | 666,828 |
Unpaid principal balance of impaired loans | 13,167 | ' | 13,033 |
Average balance of impaired loans | 11,305 | 12,332 | ' |
Interest earned on impaired loans | 46 | 58 | ' |
Commercial Mortgage [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 664,478 | ' | 540,491 |
Impaired loans with no allowance for impairment | 7,538 | ' | 7,470 |
Impaired loans with impairment: Unpaid principal balance | 388 | ' | 395 |
Impaired loans with impairment: Specific allowance for impairment | -391 | ' | -430 |
Balance of impaired loans net of allowance for impairment | -3 | ' | -35 |
Total impaired loans, excluding allowance | 7,926 | ' | 7,865 |
Loans and Leases Receivable, Gross | 672,404 | 672,404 | 548,356 |
Unpaid principal balance of impaired loans | 9,097 | ' | 8,956 |
Commercial Mortgage [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 109,655 | ' | 115,163 |
Impaired loans with no allowance for impairment | 2,908 | ' | 2,795 |
Impaired loans with impairment: Unpaid principal balance | 502 | ' | 514 |
Impaired loans with impairment: Specific allowance for impairment | -44 | ' | -84 |
Balance of impaired loans net of allowance for impairment | 458 | ' | 430 |
Total impaired loans, excluding allowance | 3,410 | ' | 3,309 |
Loans and Leases Receivable, Gross | 113,065 | 113,065 | 118,472 |
Unpaid principal balance of impaired loans | 4,070 | ' | 4,077 |
Construction [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 10,292 | 10,292 | 11,851 |
Unpaid principal balance of impaired loans | 2,976 | ' | 3,419 |
Average balance of impaired loans | 2,764 | 1,840 | ' |
Construction [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 5,299 | ' | 5,717 |
Loans and Leases Receivable, Gross | 5,299 | 5,299 | 5,717 |
Construction [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 2,556 | ' | 3,248 |
Impaired loans with no allowance for impairment | 2,437 | ' | 2,886 |
Total impaired loans, excluding allowance | 2,437 | ' | 2,886 |
Loans and Leases Receivable, Gross | 4,993 | 4,993 | 6,134 |
Unpaid principal balance of impaired loans | 2,976 | ' | 3,419 |
Commercial Business [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 70,462 | 70,462 | 70,688 |
Unpaid principal balance of impaired loans | 13,654 | ' | 11,288 |
Average balance of impaired loans | 8,927 | 9,000 | ' |
Interest earned on impaired loans | 183 | 91 | ' |
Commercial Business [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 26,338 | ' | 25,975 |
Impaired loans with no allowance for impairment | 1,073 | ' | 1,076 |
Total impaired loans, excluding allowance | 1,073 | ' | 1,076 |
Loans and Leases Receivable, Gross | 27,411 | 27,411 | 27,051 |
Unpaid principal balance of impaired loans | 1,117 | ' | 1,120 |
Commercial Business [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 32,255 | ' | 36,387 |
Impaired loans with no allowance for impairment | 10,134 | ' | 6,251 |
Impaired loans with impairment: Unpaid principal balance | 662 | ' | 999 |
Impaired loans with impairment: Specific allowance for impairment | -410 | ' | -757 |
Balance of impaired loans net of allowance for impairment | 252 | ' | 242 |
Total impaired loans, excluding allowance | 10,796 | ' | 7,250 |
Loans and Leases Receivable, Gross | 43,051 | 43,051 | 43,637 |
Unpaid principal balance of impaired loans | 12,537 | ' | 10,168 |
Home Equity Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 79,823 | 79,823 | 80,813 |
Unpaid principal balance of impaired loans | 1,396 | ' | 1,783 |
Average balance of impaired loans | 1,579 | 1,790 | ' |
Interest earned on impaired loans | 16 | 13 | ' |
Home Equity Loans [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 66,332 | ' | 65,581 |
Impaired loans with no allowance for impairment | 682 | ' | 1,026 |
Impaired loans with impairment: Unpaid principal balance | 117 | ' | 119 |
Impaired loans with impairment: Specific allowance for impairment | -91 | ' | -110 |
Balance of impaired loans net of allowance for impairment | 26 | ' | 9 |
Total impaired loans, excluding allowance | 799 | ' | 1,145 |
Loans and Leases Receivable, Gross | 67,131 | 67,131 | 66,726 |
Unpaid principal balance of impaired loans | 822 | ' | 1,169 |
Home Equity Loans [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 12,151 | ' | 13,481 |
Impaired loans with no allowance for impairment | 541 | ' | 606 |
Total impaired loans, excluding allowance | 541 | ' | 606 |
Loans and Leases Receivable, Gross | 12,692 | 12,692 | 14,087 |
Unpaid principal balance of impaired loans | 574 | ' | 614 |
Home Equity Lines of Credit [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 26,296 | 26,296 | 26,613 |
Unpaid principal balance of impaired loans | 625 | ' | 626 |
Average balance of impaired loans | 664 | 48 | ' |
Interest earned on impaired loans | ' | 3 | ' |
Home Equity Lines of Credit [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 10,586 | ' | 10,461 |
Loans and Leases Receivable, Gross | 10,586 | 10,586 | 10,461 |
Home Equity Lines of Credit [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 15,085 | ' | 15,526 |
Impaired loans with no allowance for impairment | 625 | ' | 626 |
Total impaired loans, excluding allowance | 625 | ' | 626 |
Loans and Leases Receivable, Gross | 15,710 | 15,710 | 16,152 |
Unpaid principal balance of impaired loans | 625 | ' | 626 |
Other Consumer [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Loans and Leases Receivable, Gross | 4,512 | 4,512 | 4,278 |
Other Consumer [Member] | Originated and Purchased Loans [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 4,384 | ' | 4,145 |
Loans and Leases Receivable, Gross | 4,384 | 4,384 | 4,145 |
Other Consumer [Member] | Loans Acquired at Fair Value [Member] | ' | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' | ' |
Non-impaired loans | 128 | ' | 133 |
Loans and Leases Receivable, Gross | $128 | $128 | $133 |
Loan_Quality_and_Allowance_for9
Loan Quality and Allowance for Loan Losses - Troubled Debt Restructurings of Loans Receivable (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Loan | Loan | |
Originated and Purchased Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | 1 |
Pre-modification outstanding recorded investment | ' | $99 |
Post-modification outstanding recorded investment | ' | 94 |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | 7 |
Loans Acquired at Fair Value [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | 1 | ' |
Pre-modification outstanding recorded investment | 54 | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Residential Mortgage [Member] | Originated and Purchased Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Residential Mortgage [Member] | Loans Acquired at Fair Value [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | 1 | ' |
Pre-modification outstanding recorded investment | 54 | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Commercial Mortgage [Member] | Originated and Purchased Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Commercial Mortgage [Member] | Loans Acquired at Fair Value [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Construction [Member] | Originated and Purchased Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Construction [Member] | Loans Acquired at Fair Value [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Commercial Business [Member] | Originated and Purchased Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Commercial Business [Member] | Loans Acquired at Fair Value [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Home Equity Loans [Member] | Originated and Purchased Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | 1 |
Pre-modification outstanding recorded investment | ' | 99 |
Post-modification outstanding recorded investment | ' | 94 |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | 7 |
Home Equity Loans [Member] | Loans Acquired at Fair Value [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Home Equity Lines of Credit [Member] | Originated and Purchased Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Home Equity Lines of Credit [Member] | Loans Acquired at Fair Value [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Other Consumer [Member] | Originated and Purchased Loans [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Other Consumer [Member] | Loans Acquired at Fair Value [Member] | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' |
Number of loans | ' | ' |
Pre-modification outstanding recorded investment | ' | ' |
Post-modification outstanding recorded investment | ' | ' |
Charge offs against the allowance for loan loss for impairment recognized at modification | ' | ' |
Borrowings_Schedule_of_Fixed_R
Borrowings - Schedule of Fixed Rate Advances from FHLB (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Long Term Debt By Maturity [Abstract] | ' | ' |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Year Two | $235,000 | $105,000 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Year Three | ' | ' |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Year Five | ' | ' |
Federal Home Loan Bank Advances Maturities Summary Due From Seven To Eight Years Of Balance Sheet Date | 832 | 854 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Year Ten | 145,000 | 145,000 |
Federal Home Loan Bank, Advances, Total | 380,832 | 250,854 |
Federal Home Loan Bank Advances Fair Value Adjustments | 73 | 77 |
Total Federal Home Loan Bank Advances After Fair Value Adjustments | $380,905 | $250,931 |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate, One to Two Years from Balance Sheet Date | 0.39% | 0.39% |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate, Two to Three Years from Balance Sheet Date | ' | ' |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate, Four to Five Years from Balance Sheet Date | ' | ' |
Federal Home Loan Bank Advances Maturities Summary Average Interest Rate Seven To Eight Years From Balance Sheet Date | 4.94% | 4.94% |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate, Nine to Ten Years from Balance Sheet Date | 3.04% | 3.04% |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Weighted Average Interest Rate | 1.41% | 1.94% |
Borrowings_Additional_Informat
Borrowings - Additional Information (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Millions, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Federal Home Loan Bank, advances, maturities summary, due in next twelve months | $235 | ' |
Federal Home Loan Bank, advances, maturities summary, due from after one year of balance sheet date | 145.8 | ' |
Federal Home Loan Bank, advances, callable summary, due within one year of balance sheet date | 145 | ' |
Federal Home Loan Bank, advances, general debt obligations, disclosures, collateral pledged | 445.5 | 433.2 |
Other borrowings, sweep accounts | 36.2 | 36.8 |
Mortgage-backed securities [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Federal Home Loan Bank, advances, general debt obligations, disclosures, collateral pledged | 214.7 | 222.7 |
90 Day Advance [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Federal Home Loan Bank, advances, maturities summary, due in next twelve months | 175 | ' |
Overnight Borrowings [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Federal Home Loan Bank, advances, maturities summary, due in next twelve months | $60 | ' |
Derivative_Instruments_and_Hed2
Derivative Instruments and Hedging Activities - Schedule of Interest Rate Derivatives (Detail) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 |
Derivative [Line Items] | ' | ' |
Notional/Contract Amount | $375,000 | $300,000 |
Estimated Net Fair Value | 2,818 | 5,645 |
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of tax (Effective Portion) | -1,672 | ' |
Interest Rate Swaps [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Estimated Net Fair Value | 451 | 2,837 |
Interest Rate Swaps [Member] | Effective July 1, 2013 [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional/Contract Amount | 165,000 | 165,000 |
Estimated Net Fair Value | 646 | 1,617 |
Balance Sheet Location | 'Other assets | 'Other assets |
Expiration Date | 'July 1, 2018 | 'July 1, 2018 |
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of tax (Effective Portion) | -574 | ' |
Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion) | 'Not Applicable | ' |
Interest Rate Swaps [Member] | Effective June 5, 2015 [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional/Contract Amount | 60,000 | 60,000 |
Estimated Net Fair Value | 862 | 1,220 |
Balance Sheet Location | 'Other assets | 'Other assets |
Expiration Date | 'June 5, 2020 | 'June 5, 2020 |
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of tax (Effective Portion) | -212 | ' |
Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion) | 'Not Applicable | ' |
Interest Rate Swaps [Member] | Effective August 19, 2013 [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional/Contract Amount | 75,000 | ' |
Estimated Net Fair Value | -1,057 | ' |
Balance Sheet Location | 'Other assets | ' |
Expiration Date | 'August 20, 2018 | ' |
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of tax (Effective Portion) | -625 | ' |
Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion) | 'Not Applicable | ' |
Interest Rate Caps [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Estimated Net Fair Value | 2,367 | 2,808 |
Interest Rate Caps [Member] | Effective July 1, 2013 [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional/Contract Amount | 35,000 | 35,000 |
Estimated Net Fair Value | 1,119 | 1,323 |
Balance Sheet Location | 'Other assets | 'Other assets |
Expiration Date | 'July 1, 2018 | 'July 1, 2018 |
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of tax (Effective Portion) | -121 | ' |
Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion) | 'Not Applicable | ' |
Interest Rate Caps [Member] | Effective June 5, 2013 [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional/Contract Amount | 40,000 | 40,000 |
Estimated Net Fair Value | 1,248 | 1,485 |
Balance Sheet Location | 'Other assets | 'Other assets |
Expiration Date | 'June 5, 2018 | 'June 5, 2018 |
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of tax (Effective Portion) | ($140) | ' |
Location of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion) | 'Not Applicable | ' |
Derivative_Instruments_and_Hed3
Derivative Instruments and Hedging Activities - Additional Information (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ' |
Estimated Net Fair Value | $2,818 | $5,645 |
Derivative asset, collateral, Obligation to return cash, offset | 2,920 | 5,500 |
Gross asset positions | 3,875 | 5,645 |
Gross liability positions | $1,057 | $0 |
Benefit_Plans_Components_of_Ne2
Benefit Plans - Components of Net Periodic Expense - Schedule of Net Periodic Benefit Expense (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Amortization of unrecognized net actuarial (gain) loss | $11 | $25 |
Benefit Equalization Plan, Postretirement Welfare Plan and Directors Consultation and Retirement Plan [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Service cost | 50 | 58 |
Interest cost | 84 | 77 |
Amortization of unrecognized past service liability | 12 | 12 |
Amortization of unrecognized net actuarial (gain) loss | -1 | 13 |
Net periodic benefit expense | $145 | $160 |
Fair_Value_of_Financial_Instru2
Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | $300,544 | $300,122 |
Mortgage-backed securities available for sale | 752,216 | 780,652 |
Securities available for sale, Carrying Amount | 1,052,760 | 1,080,774 |
Derivative, Fair Value, Net | 2,818 | 5,645 |
Interest Rate Swaps [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative, Fair Value, Net | 451 | 2,837 |
Interest Rate Caps [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative, Fair Value, Net | 2,367 | 2,808 |
U.S. Agency Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 4,903 | 5,015 |
Securities available for sale, Carrying Amount | 4,903 | 5,015 |
Obligations of State and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 25,259 | 25,307 |
Securities available for sale, Carrying Amount | 25,259 | 25,307 |
Asset-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 24,257 | 24,798 |
Securities available for sale, Carrying Amount | 24,257 | 24,798 |
Collateralized Loan Obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 79,931 | 78,486 |
Securities available for sale, Carrying Amount | 79,931 | 78,486 |
Corporate Bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 158,750 | 159,192 |
Securities available for sale, Carrying Amount | 158,750 | 159,192 |
Trust Preferred Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 7,444 | 7,324 |
Securities available for sale, Carrying Amount | 7,444 | 7,324 |
Collateralized Mortgage Obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mortgage-backed securities available for sale | 60,985 | 62,482 |
Residential Pass-Through Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mortgage-backed securities available for sale | 601,332 | 628,154 |
Commercial Pass-Through Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mortgage-backed securities available for sale | 89,899 | 90,016 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 299,544 | 299,122 |
Mortgage-backed securities available for sale | 752,216 | 780,652 |
Securities available for sale, Carrying Amount | 1,051,760 | 1,079,774 |
Derivative, Fair Value, Net | 2,818 | 5,645 |
Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Swaps [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative, Fair Value, Net | 451 | 2,837 |
Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Caps [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Derivative, Fair Value, Net | 2,367 | 2,808 |
Significant Other Observable Inputs (Level 2) [Member] | U.S. Agency Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 4,903 | 5,015 |
Significant Other Observable Inputs (Level 2) [Member] | Obligations of State and Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 25,259 | 25,307 |
Significant Other Observable Inputs (Level 2) [Member] | Asset-Backed Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 24,257 | 24,798 |
Significant Other Observable Inputs (Level 2) [Member] | Collateralized Loan Obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 79,931 | 78,486 |
Significant Other Observable Inputs (Level 2) [Member] | Corporate Bonds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 158,750 | 159,192 |
Significant Other Observable Inputs (Level 2) [Member] | Trust Preferred Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 6,444 | 6,324 |
Significant Other Observable Inputs (Level 2) [Member] | Collateralized Mortgage Obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mortgage-backed securities available for sale | 60,985 | 62,482 |
Significant Other Observable Inputs (Level 2) [Member] | Residential Pass-Through Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mortgage-backed securities available for sale | 601,332 | 628,154 |
Significant Other Observable Inputs (Level 2) [Member] | Commercial Pass-Through Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mortgage-backed securities available for sale | 89,899 | 90,016 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | 1,000 | 1,000 |
Securities available for sale, Carrying Amount | 1,000 | 1,000 |
Significant Unobservable Inputs (Level 3) [Member] | Trust Preferred Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Debt securities available for sale | $1,000 | $1,000 |
Fair_Value_of_Financial_Instru3
Fair Value of Financial Instruments - Additional Information (Detail) (USD $) | 3 Months Ended | ||
Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | |
Fair Value Of Financial Instruments [Line Items] | ' | ' | ' |
Value of private placement | $40,000,000 | ' | ' |
Private placement coupon rate | 8.90% | ' | ' |
Private placement coupon rate maturing year | '2028 | ' | ' |
Loans and Leases Receivable, Gross | 1,487,624,000 | 1,361,718,000 | 1,487,624,000 |
Impaired Loans [Member] | ' | ' | ' |
Fair Value Of Financial Instruments [Line Items] | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 14,271,000 | 14,603,000 | ' |
Real Estate Owned [Member] | ' | ' | ' |
Fair Value Of Financial Instruments [Line Items] | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | ' | 229,000 | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' |
Fair Value Of Financial Instruments [Line Items] | ' | ' | ' |
Trust preferred security par value | 1,000,000 | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | Impaired Loans [Member] | ' | ' | ' |
Fair Value Of Financial Instruments [Line Items] | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 14,271,000 | 14,603,000 | ' |
Financing receivable, allowance for credit losses, individually evaluated for impairment | 1,800,000 | 2,100,000 | ' |
Loans and Leases Receivable, Gross | 16,100,000 | 16,700,000 | ' |
Significant Unobservable Inputs (Level 3) [Member] | Real Estate Owned [Member] | ' | ' | ' |
Fair Value Of Financial Instruments [Line Items] | ' | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | $0 | $229,000 | ' |
Properties written down | 0 | 1 | ' |
Fair_Value_of_Financial_Instru4
Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | $14,271 | $14,603 |
Real Estate Owned [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | ' | 229 |
Significant Unobservable Inputs (Level 3) [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | 14,271 | 14,603 |
Significant Unobservable Inputs (Level 3) [Member] | Real Estate Owned [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | $0 | $229 |
Fair_Value_of_Financial_Instru5
Fair Value of Financial Instruments - Schedule of Quantitative Information about Level 3 Fair Value Measurements (Detail) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 |
Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | $14,271 | $14,603 |
Valuation Techniques | 'Market valuation of underlying collateral | 'Market valuation of underlying collateral |
Unobservable Input | 'Direct disposal costs | 'Direct disposal costs |
Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Assets, Fair Value Disclosure, Nonrecurring | ' | $229 |
Valuation Techniques | ' | 'Market valuation property |
Unobservable Input | ' | 'Direct disposal costs |
Minimum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | 6.00% | 6.00% |
Minimum [Member] | Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | ' | 6.00% |
Maximum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | 10.00% | 10.00% |
Maximum [Member] | Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | ' | 10.00% |
Fair_Value_of_Financial_Instru6
Fair Value of Financial Instruments - Schedule of Quantitative Information about Level 3 Fair Value Measurements (Parenthetical) (Detail) | 3 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Jun. 30, 2013 | |
Minimum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | 6.00% | 6.00% |
Minimum [Member] | Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | 6.00% | ' |
Minimum [Member] | Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | ' | 6.00% |
Minimum [Member] | Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | 6.00% | ' |
Maximum [Member] | Impaired Loans [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | 10.00% | 10.00% |
Maximum [Member] | Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | 10.00% | ' |
Maximum [Member] | Real Estate Owned [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | ' | 10.00% |
Maximum [Member] | Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' | ' |
Range | 10.00% | ' |
Fair_Value_of_Financial_Instru7
Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2012 |
In Thousands, unless otherwise specified | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents, Carrying Amount | $118,186 | $127,034 | $188,071 | $155,584 |
Held-to-maturity Securities | 210,943 | 210,015 | ' | ' |
Loans receivable, Carrying Amount | 1,474,238 | 1,349,975 | ' | ' |
Mortgage Backed Securities Held To Maturity, Amortized Cost | 100,674 | 101,114 | ' | ' |
FHLB stock, Carrying Amount | 21,515 | 15,666 | ' | ' |
Interest receivable | 8,508 | 8,028 | ' | ' |
Deposits, Carrying Amount | 2,331,269 | 2,370,508 | ' | ' |
Borrowings, Carrying Amount | 417,118 | 287,695 | ' | ' |
Interest payable on borrowings, Carrying Amount | 987 | 938 | ' | ' |
Cash and cash equivalents, Fair Value | 118,186 | 127,034 | ' | ' |
Debt securities available for sale | 300,544 | 300,122 | ' | ' |
Securities held to maturity, Fair value | 204,185 | 202,328 | ' | ' |
Loans receivable, Fair Value | 1,476,889 | 1,359,799 | ' | ' |
Mortgage-backed securities available for sale | 752,216 | 780,652 | ' | ' |
Mortgage-backed securities held to maturity, Fair Value | 96,078 | 96,447 | ' | ' |
FHLB stock, Fair Value | 21,515 | 15,666 | ' | ' |
Interest Receivable, Fair Value | 8,508 | 8,028 | ' | ' |
Deposits, Fair Value | 2,299,855 | 2,376,290 | ' | ' |
Borrowings, Fair Value | 423,724 | 295,914 | ' | ' |
Interest payable on borrowings, Fair Value | 987 | 938 | ' | ' |
Derivative, Fair Value, Net | 2,818 | 5,645 | ' | ' |
Interest Rate Swaps [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Derivative instruments | 451 | 2,837 | ' | ' |
Derivative, Fair Value, Net | 451 | 2,837 | ' | ' |
Interest Rate Caps [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Derivative instruments | 2,367 | 2,808 | ' | ' |
Derivative, Fair Value, Net | 2,367 | 2,808 | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents, Fair Value | 118,186 | 127,034 | ' | ' |
Interest Receivable, Fair Value | 8,508 | 8,028 | ' | ' |
Deposits, Fair Value | 1,342,646 | 1,389,044 | ' | ' |
Interest payable on borrowings, Fair Value | 987 | 938 | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Debt securities available for sale | 299,544 | 299,122 | ' | ' |
Securities held to maturity, Fair value | 204,185 | 202,328 | ' | ' |
Mortgage-backed securities available for sale | 752,216 | 780,652 | ' | ' |
Mortgage-backed securities held to maturity, Fair Value | 96,078 | 96,447 | ' | ' |
Derivative, Fair Value, Net | 2,818 | 5,645 | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Swaps [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Derivative, Fair Value, Net | 451 | 2,837 | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Caps [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Derivative, Fair Value, Net | 2,367 | 2,808 | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Debt securities available for sale | 1,000 | 1,000 | ' | ' |
Loans receivable, Fair Value | 1,476,889 | 1,359,799 | ' | ' |
FHLB stock, Fair Value | 21,515 | 15,666 | ' | ' |
Deposits, Fair Value | 957,209 | 987,246 | ' | ' |
Borrowings, Fair Value | $423,724 | $295,914 | ' | ' |
Fair_Value_of_Financial_Instru8
Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Parenthetical) (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value Disclosures [Abstract] | ' | ' |
Accrued interest payable on deposits | $68,000 | $47,000 |
Comprehensive_Income_Schedule_
Comprehensive Income - Schedule of Accumulated Other Comprehensive Loss (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Accumulated other comprehensive loss | ($4,387) | ($4,139) |
Net unrealized loss on securities available for sale [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Accumulated other comprehensive (loss) income, before tax | -5,898 | -7,375 |
Tax effect | 1,487 | 2,021 |
Accumulated other comprehensive loss | -4,411 | -5,354 |
Fair value adjustments on derivatives [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Accumulated other comprehensive (loss) income, before tax | 280 | 3,107 |
Tax effect | -114 | -1,269 |
Accumulated other comprehensive loss | 166 | 1,838 |
Benefit plan adjustments [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Accumulated other comprehensive (loss) income, before tax | -239 | -1,053 |
Tax effect | 97 | 430 |
Accumulated other comprehensive loss | ($142) | ($623) |
Comprehensive_Income_Schedule_1
Comprehensive Income - Schedule of Comprehensive Income (Loss) (Detail) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Other comprehensive (loss) income before taxes | ($536) | $6,128 |
Tax effect | 288 | -2,461 |
Total Other Comprehensive (Loss) Income | -248 | 3,667 |
Unrealized holding gain on securities available for sale [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Other comprehensive (loss) income before taxes | 1,477 | 7,287 |
Fair value adjustments on derivatives [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Other comprehensive (loss) income before taxes | -2,827 | ' |
Benefit plans, Amortization of (gain) loss [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Other comprehensive (loss) income before taxes | -1 | 14 |
Benefit plans, Amortization of Past service cost [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Other comprehensive (loss) income before taxes | 12 | 13 |
Benefit plans, New actuarial gain (loss) [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Other comprehensive (loss) income before taxes | 803 | -1,186 |
Benefit plans, Net change in benefit plans accrued expense [Member] | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' |
Other comprehensive (loss) income before taxes | $814 | ($1,159) |