Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Dec. 31, 2016 | Feb. 10, 2017 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Dec. 31, 2016 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | HVBC | |
Entity Registrant Name | HV Bancorp, Inc. | |
Entity Central Index Key | 1,594,555 | |
Current Fiscal Year End Date | --06-30 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 2,182,125 |
Statements of Financial Conditi
Statements of Financial Condition - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Assets | ||
Cash and due from banks | $ 74,349 | $ 9,949 |
Interest-earning deposits with banks | 14,096 | 5,478 |
Cash and cash equivalents | 88,445 | 15,427 |
Investment securities available- for- sale, at fair value | 33,727 | 33,281 |
Investment securities held- to- maturity (fair value of $5,781 at December 31, 2016 and $5,941 at June 30, 2016) | 5,688 | 5,825 |
Loans held for sale, at fair value | 6,181 | 24,676 |
Loans receivable, net of allowance for loan losses of (December 31, 2016 $626; June 30, 2016 $487) | 95,713 | 93,450 |
Bank-owned life insurance | 3,952 | 3,895 |
Restricted investment in bank stock | 658 | 1,108 |
Premises and equipment, net | 1,734 | 1,652 |
Accrued interest receivable | 525 | 527 |
Prepaid federal income taxes | 69 | 147 |
Deferred income taxes, net | 573 | 26 |
Prepaid expenses | 284 | 231 |
Real estate owned, net | 65 | 115 |
Mortgage banking derivatives | 369 | 1,492 |
Other assets | 1,157 | 171 |
Total Assets | 239,140 | 182,023 |
Liabilities | ||
Deposits | 213,088 | 141,771 |
Advances from the Federal Home Loan Bank | 9,000 | 20,000 |
Securities sold under agreements to repurchase | 1,753 | 3,929 |
Advances from borrowers for taxes and insurance | 877 | 1,357 |
Deferred gain on sale - leaseback of building | 318 | 326 |
Other liabilities | 1,157 | 1,669 |
Total Liabilities | 226,193 | 169,052 |
Equity | ||
Retained earnings | 13,270 | 12,978 |
Accumulated other comprehensive loss | (323) | (7) |
Total Equity | 12,947 | 12,971 |
Total Liabilities and Equity | $ 239,140 | $ 182,023 |
Statements of Financial Condit3
Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 |
Statement of Financial Position [Abstract] | ||||||
Investment securities held-to-maturity, fair value | $ 5,781 | $ 5,941 | ||||
Loans receivable, allowance for loan losses | $ 626 | $ 613 | $ 487 | $ 469 | $ 467 | $ 514 |
Statement of Income
Statement of Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Interest Income | ||||
Interest and fee on loans | $ 1,132 | $ 1,094 | $ 2,338 | $ 2,179 |
Interest and dividends on investment: | ||||
Taxable | 72 | 47 | 132 | 98 |
Nontaxable | 41 | 38 | 83 | 78 |
Interest on mortgage-backed securities and collateralized mortgage obligations | 48 | 102 | 111 | 200 |
Interest on interest-earning deposits | 53 | 22 | 83 | 45 |
Total Interest Income | 1,346 | 1,303 | 2,747 | 2,600 |
Interest Expense | ||||
Interest on deposits | 163 | 164 | 329 | 335 |
Interest on advances from the Federal Home Loan Bank | 40 | 21 | 86 | 38 |
Interest on securities sold under agreements to repurchase | 1 | 1 | 2 | 2 |
Total Interest Expense | 204 | 186 | 417 | 375 |
Net Interest Income | 1,142 | 1,117 | 2,330 | 2,225 |
Provision (Credit) for Loan Losses | 12 | 3 | 135 | (44) |
Net Interest Income after Provision (Credit) for Loan Losses | 1,130 | 1,114 | 2,195 | 2,269 |
Non-Interest Income | ||||
Fee for customer services | 51 | 54 | 105 | 109 |
Increase in cash surrender value of bank owned life insurance | 28 | 28 | 57 | 57 |
Gain on sale of loans | 2,136 | 974 | 3,705 | 2,129 |
Gain on sale of available-for-sale securities | 2 | 11 | 9 | |
(Loss) gain from hedging instruments | (560) | 2 | (939) | (107) |
Change in fair value of loans held-for-sale | (778) | 102 | (695) | (49) |
Other | 1 | 2 | 2 | 4 |
Total Non-Interest Income | 878 | 1,164 | 2,246 | 2,152 |
Non-Interest Expense | ||||
Salaries and employee benefits | 1,146 | 1,166 | 2,297 | 2,187 |
Occupancy | 254 | 234 | 500 | 459 |
Federal deposit insurance premiums | 32 | 38 | 70 | 80 |
Data processing related operations | 138 | 132 | 285 | 243 |
Loss (gain) on sale of other real estate owned | 12 | 12 | (4) | |
Real estate owned expense | 5 | 69 | 16 | 72 |
Professional fees | 135 | 111 | 270 | 231 |
Other | 285 | 358 | 619 | 611 |
Total Non-Interest Expense | 2,007 | 2,108 | 4,069 | 3,879 |
Income before Income Taxes | 1 | 170 | 372 | 542 |
Income Tax (benefit) expense | (38) | 52 | 80 | 181 |
Net Income | $ 39 | $ 118 | $ 292 | $ 361 |
Statements of Comprehensive (Lo
Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Statement of Comprehensive Income [Abstract] | |||||
Net income | $ 39 | $ 118 | $ 292 | $ 361 | |
Other Comprehensive (Loss) Income, net of tax: | |||||
Unrealized (losses) gains on investment securities available-for-sale (pre-tax $(490) and $(344);$(537) and $175, respectively) | (288) | (213) | (309) | 107 | |
Reclassification adjustment for gain included in income (pre-tax $0 and $(2); $(11) and $(9), respectively) | [1] | (1) | (7) | (6) | |
Other comprehensive (loss) income | (288) | (214) | (316) | 101 | |
Total Comprehensive (Loss) Income | $ (249) | $ (96) | $ (24) | $ 462 | |
[1] | Amounts are included in gain on sale of available-for-sale securities on the Statements of Income as a separate element within non-interest income. Income tax expense is included in the Statements of Income. |
Statements of Comprehensive (L6
Statements of Comprehensive (Loss) Income (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Statement of Comprehensive Income [Abstract] | ||||
Unrealized gain on available-for-sale securities, pre-tax | $ (490) | $ (344) | $ (537) | $ 175 |
Reclassification for (gains) included in income, pre-tax | $ 0 | $ (2) | $ (11) | $ (9) |
Statements of Equity
Statements of Equity - USD ($) $ in Thousands | Total | Accumulated Other Comprehensive Income (Loss) | Retained Earnings |
Beginning balance at Jun. 30, 2015 | $ 11,456 | $ (496) | $ 11,952 |
Net income | 361 | 361 | |
Other comprehensive (loss) income | 101 | 101 | |
Ending balance at Dec. 31, 2015 | 11,918 | (395) | 12,313 |
Beginning balance at Jun. 30, 2016 | 12,971 | (7) | 12,978 |
Net income | 292 | 292 | |
Other comprehensive (loss) income | (316) | (316) | |
Ending balance at Dec. 31, 2016 | $ 12,947 | $ (323) | $ 13,270 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Cash Flows from Operating Activities | ||
Net income | $ 292 | $ 361 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 96 | 91 |
Impairment of real estate owned, net | 5 | 68 |
Amortization (accretion) of deferred loan fees | 3 | (1) |
Net amortization of securities premiums and discounts | 210 | 154 |
Loss (gain) on sale of real estate owned | 12 | (4) |
Gain on sale of available-for-sale securities | (11) | (9) |
Provision for loan losses | 135 | (44) |
(Benefit) Expense for deferred income taxes | (327) | 82 |
Amortization of deferred gain on sale-leaseback transaction | (8) | (8) |
Increase in the cash surrender value of bank owned life insurance | (57) | (57) |
Loans held for sale: | ||
Originations, net of prepayments | (90,831) | (73,026) |
Proceeds from sales | 112,336 | 78,208 |
Gain on sale of loan | (3,705) | (2,129) |
Change in fair value of loans held for sale | 695 | 49 |
Decrease (increase) in: | ||
Accrued interest receivable | 2 | 8 |
Prepaid federal income taxes | 78 | 67 |
Mortgage banking derivatives | 1,123 | 110 |
Prepaid and other assets | (1,039) | (218) |
Other liabilities | (512) | 13 |
Net Cash provided by Operating Activities | 18,497 | 3,715 |
Cash Flows from Investing Activities | ||
Net increase in loans receivable | (2,465) | (7,850) |
Activity in available-for-sale securities: | ||
Proceeds from sales | 2,054 | 5,891 |
Maturities and repayments | 2,101 | 3,353 |
Purchases | (5,200) | (4,298) |
Activity in held-to-maturity securities: | ||
Maturities and repayments | 200 | |
Purchases | (510) | |
Redemption (purchase) of restricted investment in bank stock | 450 | (90) |
Proceeds from sale of real estate owned | 98 | 61 |
Purchases of premises and equipment | (178) | (80) |
Net Cash (used in) Investing Activities | (3,141) | (3,323) |
Cash Flows from Financing Activities | ||
Net increase (decrease) in deposits | 71,317 | (1,291) |
Net decrease in advances from borrowers for taxes and insurance | (480) | (172) |
Net decrease in securities sold under agreements to repurchase | (2,176) | (1,871) |
Proceeds from Federal Home Loan Bank | 19,000 | 4,000 |
Repayment of Federal Home Loan Bank | (30,000) | (1,000) |
Net Cash provided by (used in) Financing Activities | 57,662 | (334) |
Net Increase in Cash and Cash Equivalents | 73,018 | 58 |
Cash and Cash Equivalents - Beginning of Period | 15,427 | 15,596 |
Cash and Cash Equivalents - End of Period | 88,445 | 15,654 |
Supplementary Disclosure of Cash Flow Information | ||
Cash payments for interest | 413 | 381 |
Cash payments for income taxes | 0 | $ 0 |
Supplementary Schedule of Noncash Investing Activities | ||
Transfer from loans to real estate owned | $ 65 |
Organization, Basis of Presenta
Organization, Basis of Presentation and Recent Accounting Pronouncements | 6 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Organization, Basis of Presentation and Recent Accounting Pronouncements | 1 . Organization, Basis of Presentation and Recent Accounting Pronouncements Organization HV Bancorp, Inc., a Pennsylvania Corporation (the “Company”) is the proposed holding company of Huntingdon Valley Bank (the “Bank”) and was formed in connection with the conversion of the Bank from the mutual to the stock form of organization. As of December 31, 2016, the conversion had not been completed, and, as of that date, the Company had no assets or liabilities, and had not conducted any business other than that of an organizational nature. Therefore, financial and other information of the Bank is included in this Quarterly Report. See footnote 6 “Adoption of Plan of Conversion”. The Bank is a Pennsylvania savings bank, organized in 1871, and currently provides residential and commercial loans to its general service area (Montgomery, Bucks and Philadelphia Counties of Pennsylvania) as well as offering a wide variety of savings, checking and certificate of deposit accounts to its retail and business customers. The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP) for interim information and with the instructions to Form 10-Q, The financial statements are unaudited; but in the opinion of management include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation thereof. The balances as of June 30, 2016 have been derived from the audited financial statements. These financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Registration Statement on Form S-1 No. 333-213537) The Bank has evaluated subsequent events through the date of issuance of the financial statements included herein. Use of Estimates in the Preparation of Financial Statements In preparing financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, other-than-temporary impairments of securities, interest rate lock commitments (“IRLCs”), mandatory sales commitments, the valuation of mortgage loans held-for-sale, Recent Accounting Pronouncements In February 2016, the FASB issued Accounting Standards Update (ASU) 2016-02, Leases right-of-use The new leases standard requires a lessor to classify leases as either sales-type, direct financing or operating, similar to existing U.S. GAAP. Classification depends on the same five criteria used by lessees plus certain additional factors. The subsequent accounting treatment for all three lease types is substantially equivalent to existing U.S. GAAP for sales-type leases, direct financing leases, and operating leases. However, the new standard updates certain aspects of the lessor accounting model to align it with the new lessee accounting model, as well as with the new revenue standard under Topic 606. Lessees and lessors are required to provide certain qualitative and quantitative disclosures to enable users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The new leases standard addresses other considerations including identification of a lease, separating lease and non-lease re-measurement The amendments are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The amendments are effective for all other entities (including emerging growth entities as further described below) for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted. Specific transition requirements apply. The Bank is currently evaluating the impact of adoption of the new standard on the financial statements. In June 2016, the FASB issued Accounting Standards Update (ASU) 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. 2016-13 The ASU also replaces the current accounting model for purchased credit impaired loans and debt securities. The allowance for credit losses for purchased financial assets with a more-than insignificant amount of credit deterioration since origination (“PCD assets”), should be determined in a similar manner to other financial assets measured on an amortized cost basis. However, upon initial recognition, the allowance for credit losses is added to the purchase price (“gross up approach”) to determine the initial amortized cost basis. The subsequent accounting for PCD financial assets is the same expected loss model described above. Further, the ASU made certain targeted amendments to the existing impairment model for available-for-sale more-likely-than-not The Update is effective for public business entities for fiscal years after December 15, 2019, including interim periods within those fiscal years. The amendments are effective for all other entities (including emerging growth companies as further described below for fiscal years beginning after December 15, 2020 and interim periods within fiscal years beginning after December 15, 2021. The Bank is currently evaluating the impact of adoption of the new standard on the financial statements. HV Bancorp Inc. qualifies under the Jumpstart Our Business Startups Act (the “JOBS Act”) as an emerging growth company. As an emerging growth company, HV Bancorp has elected to use the extended transition period to delay adoption of new or revised accounting pronouncements until such pronouncements are made applicable to private companies. |
Investment Securities
Investment Securities | 6 Months Ended |
Dec. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities | 2. Investment Securities Investment securities available-for-sale December 31, 2016 (Dollars in thousands) Amortized Gross Gross Fair Value U.S. Governmental securities $ 3,416 $ 5 $ (46 ) $ 3,375 Corporate notes 9,924 23 (125 ) 9,822 Collateralized mortgage obligations - agency residential 8,905 5 (255 ) 8,655 Mortgage-backed securities - agency residential 5,266 4 (130 ) 5,140 Municipal securities 3,521 — (33 ) 3,488 Bank CDs 3,244 9 (6 ) 3,247 $ 34,276 $ 46 $ (595 ) $ 33,727 Investment securities held-to-maturity December 31, 2016 (Dollars in thousands) Amortized Gross Gross Fair Value Municipal securities $ 5,688 $ 94 $ (1 ) $ 5,781 $ 5,688 $ 94 $ (1 ) $ 5,781 Investment securities available-for-sale June 30, 2016 (Dollars in thousands) Amortized Gross Gross Fair Value U.S. Governmental securities $ 1,493 $ 28 $ — $ 1,521 Corporate notes 8,423 40 (136 ) 8,327 Collateralized mortgage obligations - agency residential 9,879 45 (93 ) 9,831 Mortgage-backed securities - agency residential 6,980 44 (15 ) 7,009 Municipal securities 3,524 42 — 3,566 Bank CDs 2,994 41 (8 ) 3,027 $ 33,293 $ 240 $ (252 ) $ 33,281 Investment securities held-to-maturity June 30, 2016 (Dollars in thousands) Amortized Gross Gross Fair Value Municipal securities $ 5,825 $ 117 $ (1 ) $ 5,941 $ 5,825 $ 117 $ (1 ) $ 5,941 The scheduled maturities of securities available-for-sale held-to-maturity December 31, 2016 Available- for- Sale Held- to- Maturity (Dollars in thousands) Amortized Fair Value Amortized Fair Value Due in one year or less $ 1,000 $ 997 $ 1,188 $ 1,191 Due from more than one to five years 11,201 11,164 2,858 2,876 Due from more than five to ten years 4,563 4,474 1,642 1,714 Due after ten years 17,512 17,092 — — $ 34,276 $ 33,727 $ 5,688 $ 5,781 Securities with a fair value of $6.5 million and $3.3 million at December 31, 2016 and June 30, 2016, respectively, were pledged to secure public deposits and for other purposes as required by law. Proceeds from the sale of available-for-sale Proceeds from the sale of available-for-sale The following tables summarize the unrealized loss positions of securities available-for-sale held-to-maturity December 31, 2016 Less than 12 Months 12 Months or Longer Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale: U.S. Governmental securities $ 2,072 $ (19 ) $ 683 $ (27 ) $ 2,755 $ (46 ) Corporate notes 3,073 (27 ) 4,462 (98 ) 7,535 (125 ) Collateralized mortgage obligations 943 (15 ) 7,141 (240 ) 8,084 (255 ) Mortgage-backed securities 2,493 (52 ) 2,190 (78 ) 4,683 (130 ) Municipal securities 353 (3 ) 3,135 (30 ) 3,488 (33 ) Bank CDs 244 (1 ) 245 (5 ) 489 (6 ) $ 9,178 $ (117 ) $ 17,856 $ (478 ) $ 27,034 $ (595 ) Held–to-maturity: Municipal securities $ 139 $ — $ 504 $ (1 ) $ 643 $ (1 ) $ 139 $ — $ 504 $ (1 ) $ 643 $ (1 ) June 30, 2016 Less than 12 Months 12 Months or Longer Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale: U.S. Governmental securities $ — $ — $ — $ — $ — $ — Corporate notes 1,000 (13 ) 3,677 (123 ) 4,677 (136 ) Collateralized mortgage obligations — — 5,792 (93 ) 5,792 (93 ) Mortgage-backed securities — — 1,885 (15 ) 1,885 (15 ) Municipal securities — — — — — — Bank CDs 249 (1 ) 493 (7 ) 742 (8 ) $ 1,249 $ (14 ) $ 11,847 $ (238 ) $ 13,096 $ (252 ) Held-to-maturity: Municipal securities $ 506 $ (1 ) $ — $ — $ 506 $ (1 ) $ 506 $ (1 ) $ — $ — $ 506 $ (1 ) At December 31, 2016 and June 30, 2016, the investment portfolio included eight and five U.S. Government securities, respectively, with total market values of $3.4 million and $1.5 million, respectively. Of these securities, five and zero were in an unrealized loss position as of December 31, 2016 and June 30, 2016, respectively. These securities are zero risk weighted for capital purposes and are guaranteed for repayment of principal and interest. As of December 31, 2016 and June 30, 2016, management found no evidence of Other Than Temporary Impairment (“OTTI”) on any of the U.S. Governmental securities held in the investment securities portfolio and the Bank has no intention to sell the securities before a recovery of the cost has occurred. At December 31, 2016 and June 30, 2016, the investment portfolio included nineteen and sixteen corporate notes with total market values of $9.8 million and $8.3 million, respectively. Of these securities, fifteen and nine were in an unrealized loss position as of December 31, 2016 and June 30, 2016, respectively. At the time of purchase and as of December 31, 2016 and June 30, 2016, these bonds continue to maintain investment grade ratings. As of December 31, 2016 and June 30, 2016, management found no evidence of OTTI on any of the corporate notes held in the investment securities portfolio and the Bank has no intention to sell the securities before a recovery of the cost has occurred. At December 31, 2016 and June 30, 2016, the investment portfolio included thirty-one thirty-two At December 31, 2016 and June 30, 2016, the investment portfolio included sixteen and nineteen mortgage backed securities (“MBS”) with a total market value of $5.1 million and $7.0 million, respectively. Of these securities, twelve and four were in an unrealized loss position as of December 31, 2016 and June 30, 2016, respectively. The MBS portfolio is comprised of 100% agency (FHLMC, FNMA and GNMA) investment grade bonds. As of December 31, 2016 and June 30, 2016, management found no evidence of OTTI on any of the MBS held in the investment securities portfolio and the Bank has no intention to sell the securities before a recovery of the cost has occurred. At December 31, 2016 and June 30, 2016, the investment portfolio included twenty-four municipal securities with a total market value of $9.3 million and $9.5 million, respectively. Of these securities, twelve and one were in an unrealized loss position as of December 31, 2016 and June 30, 2016, respectively. The Bank’s municipal portfolio issuers are located in Pennsylvania and were purchased and, as of December 31, 2016 and June 30, 2016, continue to maintain investment grade ratings. Each of the municipal securities is reviewed quarterly for impairment. This includes research on each issuer to ensure the financial stability of the municipal entity. As of December 31, 2016 and June 30, 2016, management found no evidence of OTTI on any of the municipal securities held in the investment securities portfolio and the Bank has no intention to sell the securities before a recovery of the cost has occurred. |
Loans Receivable
Loans Receivable | 6 Months Ended |
Dec. 31, 2016 | |
Receivables [Abstract] | |
Loans Receivable | 3. Loans Receivable Loans receivable were comprised of the following: (Dollars in thousands) December 31, 2016 June 30, 2016 Residential: One-to-four $ 74,263 $ 71,980 Home equity and HELOCs 5,746 6,448 Commercial: Commercial real estate 12,555 11,620 Commercial business 427 558 Construction 3,091 3,179 Consumer 18 10 96,100 93,795 Less: Unearned discounts, origination and commitment fees and costs 239 142 Allowance for loan losses (626 ) (487 ) $ 95,713 $ 93,450 Overdraft deposits are reclassified as consumer loans and are included in the total loans on the statements of financial condition. Overdrafts were $16,000 and $10,000 at December 31, 2016 and June 30, 2016, respectively. The following tables summarizes the activity in the allowance for loan losses by loan class for the three months ended December 31, 2016 and for the three months ended December 31, 2015 and information in regards to the recorded investment in loans receivable as of December 31, 2016 and June 30, 2016: For the Three Months Ended December 31, 2016 Allowance for Loan Losses (Dollars in thousands) Beginning Charge-offs Recoveries Provision/ Ending Ending Ending Residential: One-to-four $ 360 $ — $ 2 $ — $ 362 $ — $ 362 Home equity and HELOCs 114 — — — 114 96 18 Commercial: Commercial real estate 118 — — — 118 30 88 Commercial business 20 — — — 20 15 5 Construction 1 — — — 1 — 1 Consumer — (2 ) 1 1 — — — Unallocated reserve — — — 11 11 — 11 $ 613 $ (2 ) $ 3 $ 12 $ 626 $ 141 $ 485 For the Three Months Ended December 31, 2015 Allowance for Loan Losses (Dollars in thousands) Beginning Charge-offs Recoveries Provisions Ending Residential: One-to-four $ 219 $ — $ — $ — $ 219 Home equity and HELOCs 19 — — — 19 Commercial: Commercial real estate 203 — — — 203 Commercial business 26 — — — 26 Construction — — — — — Consumer — (1 ) — 3 2 Unallocated reserve — — — — — $ 467 $ (1 ) $ — $ 3 $ 469 The following tables summarizes the activity in the allowance for loan losses by loan class for the six months ended December 31, 2016 and December 31, 2015 and information in regards to the recorded investment in loans receivable as of December 31, 2016 and June 30, 2016: For the Six Months Ended December 31, 2016 Allowance for Loan Losses (Dollars in thousands) Beginning Charge-offs Recoveries Provision/ Ending Ending Ending Residential: One-to-four $ 314 $ — $ 5 $ 43 $ 362 $ — $ 362 Home equity and HELOCs 18 — — 96 114 96 18 Commercial: Commercial real estate 131 — — (13 ) 118 30 88 Commercial business 23 — — (3 ) 20 15 5 Construction 1 — — — 1 — 1 Consumer — (2 ) 1 1 — — — Unallocated reserve — — — 11 11 — 11 $ 487 $ (2 ) $ 6 $ 135 $ 626 $ 141 $ 485 For the Six Months Ended December 31, 2015 Allowance for Loan Losses (Dollars in thousands) Beginning Charge-offs Recoveries (Credit)/ Ending Residential: One-to-four $ 219 $ — $ — $ — $ 219 Home equity and HELOCs 19 — — — 19 Commercial: Commercial real estate 230 — — (27 ) 203 Commercial business 45 — — (19 ) 26 Construction — — — — — Consumer — (1 ) — 3 2 Unallocated reserve 1 — — (1 ) — $ 514 $ (1 ) $ — $ (44 ) $ 469 December 31, 2016 Loans Receivable (Dollars in thousands) Ending Ending Ending Residential: One-to-four $ 74,263 $ 989 $ 73,274 Home equity and HELOCs 5,746 230 5,516 Commercial: Commercial real estate 12,555 749 11,806 Commercial business 427 183 244 Construction 3,091 — 3,091 Consumer 18 — 18 $ 96,100 $ 2,151 $ 93,949 June 30, 2016 Loans Receivable (Dollars in thousands) Ending Ending Ending Residential: One-to-four $ 71,980 $ 818 $ 71,162 Home equity and HELOCs 6,448 227 6,221 Commercial: Commercial real estate 11,620 760 10,860 Commercial business 558 193 365 Construction 3,179 — 3,179 Consumer 10 — 10 $ 93,795 $ 1,998 $ 91,797 The following table summarizes the Allowance for Loan Losses by loan portfolio class as of June 30, 2016: June 30, 2016 Allowance for Loan Losses (Dollars in thousands) Ending Ending Ending Residential: One-to-four $ 314 $ — $ 314 Home equity and HELOCs 18 — 18 Commercial: Commercial real estate 131 39 92 Commercial business 23 19 4 Construction 1 — 1 Consumer — — — $ 487 $ 58 $ 429 The following tables summarize information in regard to impaired loans by loan portfolio class as of December 31, 2016 and June 30, 2016: December 31, 2016 June 30, 2016 (Dollars in thousands) Recorded Unpaid Related Recorded Unpaid Related With no related allowance recorded Residential: One-to-four $ 989 $ 989 $ — $ 818 $ 818 $ — Home equity and HELOCs 110 110 — 227 227 — Commercial: Commercial real estate 550 550 — 557 600 — Commercial business — — — — — — Construction — — — — — — Consumer — — — — — — $ 1,649 $ 1,649 $ — $ 1,602 $ 1,645 $ — With an allowance recorded Residential: One-to-four $ — $ — $ — $ — $ — $ — Home equity and HELOCs 120 120 96 — — — Commercial: Commercial real estate 199 199 30 203 203 39 Commercial business 183 183 15 193 193 19 Construction — — — — — — Consumer — — — — — — $ 502 $ 502 $ 141 $ 396 $ 396 $ 58 Total: Residential: One-to-four $ 989 $ 989 $ — $ 818 $ 818 $ — Home equity and HELOCs 230 230 96 227 227 — Commercial: Commercial real estate 749 749 30 760 803 39 Commercial business 183 183 15 193 193 19 Construction — — — — — — Consumer — — — — — — $ 2,151 $ 2,151 $ 141 $ 1,998 $ 2,041 $ 58 The following table presents additional information regarding the Bank’s impaired loans for the three months ended December 31, 2016 and December 31, 2015: Three Months Ended December 31, 2016 2015 (Dollars in thousands) Average Interest Average Interest With no related allowance recorded: Residential: One-to-four $ 924 $ 1 $ 1,166 $ — Home equity and HELOCs 147 — 178 — Commercial: Commercial real estate 552 8 579 9 Commercial business — — — — Construction — — — — Consumer — — — — Total $ 1,623 $ 9 $ 1,923 $ 9 With an allowance recorded: Residential: One-to-four $ — $ — $ — $ — Home equity and HELOCs 120 — — — Commercial: Commercial real estate 200 4 225 1 Commercial business 185 3 204 3 Construction — — — — Consumer — — — — Total $ 505 $ 7 $ 429 $ 4 Total: Residential: One-to-four $ 924 $ 1 $ 1,166 $ — Home equity and HELOCs 267 — 178 — Commercial: Commercial real estate 752 12 804 10 Commercial business 185 3 204 3 Construction — — — — Consumer — — — — Total $ 2,128 $ 16 $ 2,352 $ 13 If these loans were performing under the original contractual rate, interest income on such loans would have increased approximately $23,000 and $27,000 for the three months ended December 31, 2016 and 2015, respectively. The following table presents additional information regarding the Bank’s impaired loans for the six months ended December 31, 2016 and December 31, 2015: Six Months Ended December 31, 2016 2015 (Dollars in thousands) Average Interest Average Interest With no related allowance recorded: Residential: One-to-four $ 854 $ 3 $ 979 $ 1 Home equity and HELOCs 106 — 178 — Commercial: Commercial real estate 553 16 553 18 Commercial business — — — — Construction — — — — Consumer — — — — Total $ 1,513 $ 19 $ 1,710 $ 19 With an allowance recorded: Residential: One-to-four $ — $ — $ — $ — Home equity and HELOCs 121 — — — Commercial: Commercial real estate 200 8 226 2 Commercial business 188 6 206 6 Construction — — — — Consumer — — — — Total $ 509 $ 14 $ 432 $ 8 Total: Residential: One-to-four $ 854 $ 3 $ 979 $ 1 Home equity and HELOCs 227 — 178 — Commercial: Commercial real estate 753 24 779 20 Commercial business 188 6 206 6 Construction — — — — Consumer — — — — Total $ 2,022 $ 33 $ 2,142 $ 27 If these loans were performing under the original contractual rate, interest income on such loans would have increased approximately $35,000 and $44,000 for the six months ended December 31, 2016 and 2015, respectively. The following table presents nonaccrual loans by classes of the loan portfolio as of December 31, 2016 and June 30, 2016: (Dollars in thousands) December 31, June 30, Residential: One-to-four $ 801 $ 818 Home equity and HELOCs 230 227 Commercial: Commercial real estate 100 100 Commercial business — — Construction — — Consumer — — $ 1,131 $ 1,145 Credit quality risk ratings include regulatory classifications of Special Mention, Substandard, Doubtful and Loss. Loans classified as Special Mention have potential weaknesses that deserve management’s close attention. If uncorrected, the potential weaknesses may result in deterioration of prospects for repayment. Loans classified substandard have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They include loans that are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified doubtful have all the weaknesses inherent in loans classified substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. Loans classified as a loss are considered uncollectible and are charged to the allowance for loan losses. Loans not classified are rated pass. The following tables summarize the aggregate Pass and criticized categories of Special Mention, Substandard and Doubtful within the Bank’s internal risk rating system as of December 31, 2016 and June 30, 2016: December 31, 2016 (Dollars in thousands) Pass Special Substandard Doubtful Total Residential: One-to-four $ 72,988 $ — $ 1,275 $ — $ 74,263 Home equity and HELOCs 5,516 — 230 — 5,746 Commercial: Commercial real estate 11,621 574 360 — 12,555 Commercial business 244 — 183 — 427 Construction 3,091 — — — 3,091 Consumer 18 — — — 18 $ 93,478 $ 574 $ 2,048 $ — $ 96,100 June 30, 2016 (Dollars in thousands) Pass Special Substandard Doubtful Total Residential: One-to-four $ 70,874 $ — $ 1,106 $ — $ 71,980 Home equity and HELOCs 6,221 — 227 — 6,448 Commercial: Commercial real estate 10,860 395 365 — 11,620 Commercial business 162 203 193 — 558 Construction 3,179 — — — 3,179 Consumer 10 — — — 10 $ 91,306 $ 598 $ 1,891 $ — $ 93,795 The following tables present the segments of the loan portfolio summarized by aging categories as of December 31, 2016 and June 30, 2016: December 31, 2016 (Dollars in thousands) 30-59 60-89 Greater Total Current Total Loan Loans Residential: One-to-four $ 405 $ 109 $ 546 $ 1,060 $ 73,203 $ 74,263 $ — Home equity and HELOCs 89 — 230 319 5,427 5,746 — Commercial: Commercial real estate — — 100 100 12,455 12,555 — Commercial business — — — — 427 427 — Construction — — — — 3,091 3,091 — Consumer — — — — 18 18 — $ 494 $ 109 $ 876 $ 1,479 $ 94,621 $ 96,100 $ — June 30, 2016 (Dollars in thousands) 30-59 60-89 Greater Total Current Total Loan Loans Residential: One-to-four $ 470 $ 317 $ 659 $ 1,446 $ 70,534 $ 71,980 $ — Home equity and HELOCs 94 79 227 400 6,048 6,448 — Commercial: Commercial real estate — — 100 100 11,520 11,620 — Commercial business — — — — 558 558 — Construction — — — — 3,179 3,179 — Consumer — — — — 10 10 — $ 564 $ 396 $ 986 $ 1,946 $ 91,849 $ 93,795 $ — The Bank may grant a concession or modification for economic or legal reasons related to a borrower’s financial condition that it would not otherwise consider resulting in a modified loan that is then identified as a troubled debt restructuring (“TDR”). The Bank may modify loans through rate reductions, extensions of maturity, interest only payments, or payment modifications to better match the timing of cash flows due under the modified terms with the cash flows from the borrowers’ operations. Loan modifications are intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral. TDRs are considered impaired loans for purposes of calculating the Bank’s allowance for loan losses. TDRs are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time, generally six months, and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The Bank may identify loans for potential restructure primarily through direct communication with the borrower and evaluation of the borrower’s financial statements, revenue projections, tax returns, and credit reports. Even if the borrower is not presently in default, management will consider the likelihood that cash flow shortages, adverse economic conditions and negative trends may result in a payment default in the near future. As of December 31, 2016 and June 30, 2016, the Bank had two loans identified as TDRs totaling $344,000 and $357,000, respectively. At December 31, 2016 and June 30, 2016, all of the TDRs were performing in compliance with their restructured terms and on accrual status. There were no modifications to loans classified as TDRs during the six month period ended December 31, 2016. No additional loan commitments were outstanding to these borrowers at December 31, 2016 and June 30, 2016. The following table details the Bank’s TDRs that are on accrual status and non-accrual As of December 31, 2016 (Dollars in thousands) Number of Accrual Non-Accrual Total TDRs Commercial real estate 2 $ 344 $ — $ 344 Total 2 $ 344 $ — $ 344 The following table details the Bank’s TDRs that are on accrual status and non-accrual As of June 30, 2016 (Dollars in thousands) Number of Accrual Non-Accrual Total TDRs Commercial real estate 2 $ 357 $ — $ 357 Total 2 $ 357 $ — $ 357 The carrying amount of residential mortgage loans in the process of foreclosure was $655,000 and $886,000 at December 31, 2016 and June 30, 2016, respectively. |
Derivatives and Risk Management
Derivatives and Risk Management Activities | 6 Months Ended |
Dec. 31, 2016 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivatives and Risk Management Activities | 4. Derivatives and Risk Management Activities The Bank did not have any derivative instruments designated as hedging instruments or subject to master netting and collateral agreements as of and for the six months ended December 31, 2016 and for the year ended June 30, 2016. The following table summarizes the amounts recorded in the Bank’s statements of financial condition for derivatives not designated as hedging instruments as of December 31, 2016 and June 30, 2016 (in thousands): December 31, 2016 Asset Derivatives Balance sheet Presentation Fair Value Notional Interest Rate Lock Commitments Mortgage banking derivatives $ 315 $ 10,847 Mandatory sale commitments: Related to interest rate and price risk for Loans held for sale Mortgage banking derivatives 36 799 To Be Announced securities Mortgage banking derivatives 18 1,500 Liability Derivatives Balance sheet Presentation Fair Value Notional Interest Rate Lock Commitments Other liabilities $ 4 $ 769 Mandatory sale commitments: Related to interest rate and price risk for Loans held for sale Other liabilities 4 1,549 To Be Announced securities Other liabilities 37 5,250 June 30, 2016 Asset Derivatives Balance sheet Presentation Fair Value Notional Interest Rate Lock Commitments Mortgage banking derivatives $ 1,084 $ 30,006 Mandatory sale commitments: Related to interest rate and price risk for Loans Held for Sale Mortgage banking derivatives 408 7,046 To Be Announced securities Mortgage banking derivatives — — Liability Derivatives Balance sheet Presentation Fair Value Notional Interest Rate Lock Commitments Other liabilities $ 32 $ 4,572 Mandatory sale commitments: Related to interest rate and price risk for Loans Held for Sale Other liabilities 48 5,544 To Be Announced securities Other liabilities 166 22,000 The following tables summarize the amounts recorded in the Bank’s statements of income for derivative instruments not designated as hedging instruments for the six and three months ended December 31, 2016 and 2015 (in thousands): Gain/(Loss) Statement of Income Presentation Six Months Ended December 31, 2016 December 31, 2015 Interest Rate Lock Commitments (Loss) from hedging Instruments $ (269 ) $ (332 ) Mandatory sale commitments: Related to interest rate and price risk for Loans Held for Sale (Loss) from hedging instruments (928 ) (234 ) To Be Announced securities Gain (Loss) from hedging Instruments 258 (205 ) Total (Loss) from hedging instruments $ (939 ) $ (107 ) Gain/(Loss) Statement of Income Presentation Three Months Ended December 31, 2016 December 31, 2015 Interest Rate Lock Commitments (Loss) gain from hedging Instruments $ (486 ) $ 56 Mandatory sale commitments: Related to interest rate and price risk for Loans Held for Sale (Loss) gain from hedging instruments (583 ) 9 To Be Announced securities Gain (loss) from hedging Instruments 509 (63 ) Total (loss) gain from hedging instruments $ (560 ) $ 2 The fair value of the Bank’s Interest Rate Lock Commitments (“IRLCs”) and mandatory sales commitments are based upon the estimated fair value of the underlying mortgage loan (determined consistent with “Loans Held for Sale”), adjusted for (1) estimated costs to complete and originate the loan, and (ii) the estimated percentage of IRLCs that will result in a closed mortgage loan. The valuation of the Bank’s IRLCs approximates a whole-loan price, which includes the value of the related mortgage servicing. |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 6 Months Ended |
Dec. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | 5. Fair Value of Financial Instruments The Bank uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with FASB ASC Topic 820, “Fair Value Measurement”, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Bank’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is determined at a reasonable point within the range that is most representative of fair value under current market conditions. Management uses its best judgment in estimating the fair value of the Bank’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Bank could have realized in sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective year-ends, and have not been reevaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each year-end. In accordance with this guidance, the Bank groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 - Valuation is based unadjusted on quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 1 assets and liabilities generally include debt and equity securities that are traded in an active exchange market. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2 - Valuation is based on inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly. The valuation may be based on quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3 - Valuation is based on 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 determination of fair value requires significant management judgment or estimation. The incorporation of counterparty credit risk did not have significant impact on the valuation of assets and liabilities recorded at fair value as of December 31, 2016 or June 30, 2016. Assets measured at fair value on a recurring basis at December 31, 2016 and June 30, 2016 are summarized below: December 31, 2016 (Dollars in thousands) Level 1 Level 2 Level 3 Total Investment securities available-for-sale: U.S. governmental securities $ — $ 3,375 $ — $ 3,375 Corporate notes — 9,822 — 9,822 Collateralized mortgage obligations - agency residential — 8,655 — 8,655 Mortgage-backed securities - agency residential — 5,140 — 5,140 Municipal securities — 3,488 — 3,488 Bank CDs — 3,247 — 3,247 Loans Held for Sale — 6,181 — 6,181 Price risk for Loans Held for Sale — 36 — 36 To Be Announced Securities — 18 — 18 Interest rate lock commitments — 315 — 315 $ — $ 40,277 $ — $ 40,277 June 30, 2016 (Dollars in thousands) Level 1 Level 2 Level 3 Total Investment securities available- for- U.S. governmental securities $ — $ 1,521 $ — $ 1,521 Corporate notes — 8,327 — 8,327 Collateralized mortgage obligations - agency residential — 9,831 — 9,831 Mortgage-backed securities - agency residential — 7,009 — 7,009 Municipal securities — 3,566 — 3,566 Bank CDs — 3,027 — 3,027 Loans Held for Sale — 24,676 — 24,676 Price risk for Loans Held for Sale — 408 — 408 Interest rate lock commitments — 1,084 — 1,084 $ — $ 59,449 $ — $ 59,449 Liabilities measured at fair value on a recurring basis at December 31, 2016 are summarized below. December 31, 2016 (Dollars in thousands) Level 1 Level 2 Level 3 Total Price risk for Loans Held for Sale $ — $ 4 $ — $ 4 To Be Announced securities — 37 — 37 Interest rate lock commitments — 4 — 4 $ — $ 45 $ — $ 45 Liabilities measured at fair value on a recurring basis at June 30, 2016 are summarized below. June 30, 2016 (Dollars in thousands) Level 1 Level 2 Level 3 Total Price risk for Loans Held for Sale $ — $ 48 $ — $ 48 To Be Announced securities — 166 — 166 Interest rate lock commitments — 32 — 32 $ — $ 246 $ — $ 246 For assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at December 31, 2016 and June 30, 2016 are as follows: December 31, 2016 (Dollars in thousands) Level 1 Level 2 Level 3 Total Impaired loans $ — $ — $ 361 $ 361 Real estate owned 65 65 $ — $ — $ 426 $ 426 June 30, 2016 (Dollars in thousands) Level 1 Level 2 Level 3 Total Impaired loans $ — $ — $ 338 $ 338 Real estate owned — — 115 115 $ — $ — $ 453 $ 453 The following tables presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Bank has utilized Level 3 inputs to determine fair value: Balances as of December 31, 2016 Qualitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Unobservable Range Impaired loans $ 361 Appraisal of collateral (1) Liquidation expenses/ borrower negotiations 5.0%-16.3 (11.7 % %) Other real estate owned $ 65 Appraisal of collateral (1) Liquidation expenses 7.0% to 7.0 (7.0 % %) Balances as of June 30, 2016 Qualitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Unobservable Range Impaired loans $ 338 Appraisal of collateral (1) Liquidation expenses/ borrower negotiations 5.0%-16.3 (11.2 % %) Other real estate owned $ 115 Appraisal of collateral (1) Liquidation expenses 7.0% to 8.0 (7.5 % %) (1) Appraisals may be discounted for qualitative factors such as age of appraisal, interior condition of the property, and liquidation expenses. Fair value may also be based on negotiated settlements with the borrowers. The estimated fair values of the Bank’s financial instruments, whether carried at cost or fair value, at December 31, 2016 and June 30, 2016 are as follows: Fair Value Measurements at (Dollars in thousands) Carrying Estimated Fair Quoted Significant Significant Assets: Cash and cash equivalents $ 88,445 $ 88,445 $ 88,445 $ — $ — Investment securities available-for-sale 33,727 33,727 — 33,727 — Investment securities held-to-maturity 5,688 5,781 — 5,781 — Loans held for sale at fair value 6,181 6,181 — 6,181 — Loans receivable, net 95,713 92,985 — — 92,985 Restricted investment in bank stock 658 658 — — 658 Accrued interest receivable 525 525 — 525 — Price risk for Loans Held for Sale 36 36 — 36 — To Be Announced Securities 18 18 — 18 — Interest rate lock commitments 315 315 — 315 — Liabilities: Deposits $ 213,088 201,283 — 201,283 — Advances from the FHLB 9,000 8,969 — 8,969 — Securities sold under agreements to repurchase 1,753 1,753 — 1,753 — Price risk for Loans Held for Sale 4 4 — 4 — To Be Announced securities 37 37 — 37 — Interest rate lock commitments 4 4 — 4 — Accrued Interest Payable 15 15 — 15 — Off-balance Commitments to extend credit $ — $ — $ — $ — $ — Fair Value Measurements at (Dollars in thousands) Carrying Estimated Quoted Significant Significant Assets: Cash and cash equivalents $ 15,427 $ 15,427 $ 15,427 $ — $ — Investment securities available-for-sale 33,281 33,281 — 33,281 — Investment securities held-to-maturity 5,825 5,941 — 5,941 — Loans held for sale at fair value 24,676 24,676 — 24,676 — Loans receivable, net 93,450 93,907 — — 93,907 Restricted investment in bank stock 1,108 1,108 — — 1,108 Accrued interest receivable 527 527 — 527 — Price risk for Loans Held for Sale 408 408 — 408 Interest rate lock commitments 1,084 1,084 — 1,084 — Liabilities: Deposits $ 141,771 $ 138,711 $ — $ 138,711 $ — Advances from the FHLB 20,000 20,040 — 20,040 — Securities sold under agreements to repurchase 3,929 3,929 — 3,929 — Price risk for Loans Held for Sale 48 48 — 48 — To Be Announced securities 167 167 — 167 — Interest rate lock commitments 32 32 — 32 — Accrued Interest Payable 19 19 19 Off-balance Commitments to extend credit $ — $ — $ — $ — $ — The following information should not be interpreted as an estimate of the fair value of the entire Bank since a fair value calculation is only provided for a limited portion of the Bank’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Bank’s disclosures and those of other companies may not be meaningful. There were no changes in methodologies or transfers between levels during the six months ended December 31, 2016 and for the year ended June 30, 2016. The following methods and assumptions were used to estimate the fair values of the Bank’s financial instruments at December 31, 2016 and June 30, 2016: Cash and Cash Equivalents These short-term assets are valued at their face value, which approximate fair value. Investments (Available- for- to- Where quoted prices are available in an active market for identical instruments, investment securities are classified within Level 1 of the valuation hierarchy. Level 1 investment securities include highly liquid U.S. Treasury securities and most equity securities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Examples of such instruments, which would generally be classified within Level 2 of the valuation hierarchy, include certain Mortgage Backed Securities (MBS). In cases where there is limited activity or less transparency around inputs to the valuation, investment securities are classified within Level 3 of the valuation hierarchy. Investment securities classified within Level 3 include certain equity securities that do not have readily available market prices, certain municipal bonds, certain Asset Backed Securities (ABS), and other less liquid investment securities. Loans Held for Sale at Fair Value The Bank adopted the fair value option for its loan held for sale portfolio in order to more accurately reflect the economic value of the mortgages held for sale on the Statements of Financial Condition. All mortgage loans held for sale are carried at fair value. Interest income on loans held for sale, which totaled $275,000 and $196,000 for the six months ended December 31, 2016 and 2015, respectively, and $113,000 and $84,000 for the three months ended December 31, 2016 and 2015, respectively, are included in Interest and fees on loans in the Statements of Income. Changes in fair value of loans held for sale are reported in non-interest The Bank’s mortgage loans are generally classified within Level 2 of the valuation hierarchy. The following table reflects the difference between the carrying amount of mortgage loans held for sale, measured at fair value and the aggregate unpaid principal amount that the Bank is contractually entitled to receive at maturity as of December 31, 2016 and June 30, 2016 (in thousands): Loans held for sale Carrying Aggregate Unpaid Excess Carrying December 31, 2016 $ 6,181 $ 6,048 $ 133 June 30, 2016 $ 24,676 $ 23,848 $ 828 The Bank did not have any mortgage loans held for sale recorded at fair value that were 90 or more days past due and on non-accrual at December 31, 2016. Interest Rate Lock Commitments (“IRLC”) The fair value of the Bank’s IRLC instruments are based upon the underlying loans measured at fair value on a recurring basis and the probability of such commitments being exercised. Due to observable market data inputs used by the Bank, the Bank’s IRLCs are classified within Level 2 of the valuation hierarchy. Mandatory Sales Commitments for Loans Held for Sale Fair values for mandatory sales commitments are based on fair values of the underlying mortgage loans and the probability of such commitments being exercised. Due to the observable inputs used by the Bank, the Bank’s mandatory sales commitments (LHS) are classified within Level 2 of the valuation hierarchy. To Be Announced Securities (“TBAs”) TBAs are valued based on forward dealer marks from the Bank’s approved counterparties. The Bank utilizes a third party market pricing service which compiles current prices for instruments from market sources, and those prices represent the current executable price. Due to the observable inputs used by the Bank, the Bank’s TBAs are classified within Level 2 of the valuation hierarchy. Loan Receivable, Net Fair values are estimated for portfolios of loans with similar financial characteristics. For loans that reprice frequently, the carrying value approximates fair value. The fair value of other type of loans is estimated by discounting expected cash flows using the current rates at which similar loans would be made to borrowers with comparable credit ratings and for similar remaining maturities. Impaired Loans Impaired loans include those collateral-dependent loans and leases for which the practical expedient under ASC 310-40 Restricted Investment in Bank Stock The stock is carried at cost; which approximates fair value and considers the limited marketability of such securities. Real Estate Owned (Cost or Fair Value) Real estate properties acquired through, or in lieu of, foreclosure are held for sale and are initially recorded at fair value less cost to sell at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. These assets are included in Level 3 fair value based upon the lowest level of input that is significant to the fair value measurements. Accrued Interest Receivable and Accrued Interest Payable The carrying amount of accrued interest receivable and payable approximates their respective fair values. Deposits The fair value of demand deposits, savings accounts, and money market deposits is the amount payable on demand at the reporting date. The fair value of certificates of deposit is estimated discounting the contractual cash flows. The discount rate is estimated using the rates currently offered for deposits with comparable remaining maturities. Advances from the FHLB The fair value of advances is estimated based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for borrowings with comparable terms, credit, and remaining maturities. Securities Sold Under Agreements to Repurchase The fair value of securities sold under agreements to repurchase is estimated based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for borrowings with comparable terms, credit, and remaining maturities. Commitments to Extend Credit The majority of the Bank’s commitments to extend credit carry current market interest rates if converted to loans. Because commitments to extend credit are generally unassignable by either the Bank or the borrower, they only have value to the Bank and the borrower. The fair value of commitments to extend credit is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. |
Adoption of Plan of Conversion
Adoption of Plan of Conversion | 6 Months Ended |
Dec. 31, 2016 | |
Restructuring and Related Activities [Abstract] | |
Adoption of Plan of Conversion | 6. Adoption of Plan of Conversion On July 20, 2016, the Board of Trustees of the Bank unanimously adopted a Plan of Conversion whereby the Bank will convert from the mutual form of ownership to a stock form of ownership. HV Bancorp (the “Company”) will become the stock holding company of the Bank and will offer for sale shares of common stock to certain depositors and certain borrowers of the Bank and potentially others in a subscription and community offering. The Plan of Conversion was approved by the FDIC, the Pennsylvania Department of Banking and Securities and by a majority of the votes eligible to be cast either in person or by proxy by members of the Bank at a special meeting held January 4, 2017. On January 11, 2017, the mutual to stock conversion of the Bank was completed and the Company became the parent holding company for the Bank. A total of 2,182,125 shares of common stock were sold to depositors at $10.00 per share through which the Company received gross offering proceeds of approximately $21.8 million. Shares of the Company began trading on the Nasdaq Capital Market on January 12, 2017. |
Organization, Basis of Presen15
Organization, Basis of Presentation and Recent Accounting Pronouncements (Policies) | 6 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Use of Estimates in the Preparation of Financial Statements | Use of Estimates in the Preparation of Financial Statements In preparing financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, other-than-temporary impairments of securities, interest rate lock commitments (“IRLCs”), mandatory sales commitments, the valuation of mortgage loans held-for-sale, |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In February 2016, the FASB issued Accounting Standards Update (ASU) 2016-02, Leases right-of-use The new leases standard requires a lessor to classify leases as either sales-type, direct financing or operating, similar to existing U.S. GAAP. Classification depends on the same five criteria used by lessees plus certain additional factors. The subsequent accounting treatment for all three lease types is substantially equivalent to existing U.S. GAAP for sales-type leases, direct financing leases, and operating leases. However, the new standard updates certain aspects of the lessor accounting model to align it with the new lessee accounting model, as well as with the new revenue standard under Topic 606. Lessees and lessors are required to provide certain qualitative and quantitative disclosures to enable users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The new leases standard addresses other considerations including identification of a lease, separating lease and non-lease re-measurement The amendments are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The amendments are effective for all other entities (including emerging growth entities as further described below) for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted. Specific transition requirements apply. The Bank is currently evaluating the impact of adoption of the new standard on the financial statements. In June 2016, the FASB issued Accounting Standards Update (ASU) 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. 2016-13 The ASU also replaces the current accounting model for purchased credit impaired loans and debt securities. The allowance for credit losses for purchased financial assets with a more-than insignificant amount of credit deterioration since origination (“PCD assets”), should be determined in a similar manner to other financial assets measured on an amortized cost basis. However, upon initial recognition, the allowance for credit losses is added to the purchase price (“gross up approach”) to determine the initial amortized cost basis. The subsequent accounting for PCD financial assets is the same expected loss model described above. Further, the ASU made certain targeted amendments to the existing impairment model for available-for-sale more-likely-than-not The Update is effective for public business entities for fiscal years after December 15, 2019, including interim periods within those fiscal years. The amendments are effective for all other entities (including emerging growth companies as further described below for fiscal years beginning after December 15, 2020 and interim periods within fiscal years beginning after December 15, 2021. The Bank is currently evaluating the impact of adoption of the new standard on the financial statements. HV Bancorp Inc. qualifies under the Jumpstart Our Business Startups Act (the “JOBS Act”) as an emerging growth company. As an emerging growth company, HV Bancorp has elected to use the extended transition period to delay adoption of new or revised accounting pronouncements until such pronouncements are made applicable to private companies. |
Investment Securities (Tables)
Investment Securities (Tables) | 6 Months Ended |
Dec. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities Available-for-Sale | Investment securities available-for-sale December 31, 2016 (Dollars in thousands) Amortized Gross Gross Fair Value U.S. Governmental securities $ 3,416 $ 5 $ (46 ) $ 3,375 Corporate notes 9,924 23 (125 ) 9,822 Collateralized mortgage obligations - agency residential 8,905 5 (255 ) 8,655 Mortgage-backed securities - agency residential 5,266 4 (130 ) 5,140 Municipal securities 3,521 — (33 ) 3,488 Bank CDs 3,244 9 (6 ) 3,247 $ 34,276 $ 46 $ (595 ) $ 33,727 Investment securities available-for-sale June 30, 2016 (Dollars in thousands) Amortized Gross Gross Fair Value U.S. Governmental securities $ 1,493 $ 28 $ — $ 1,521 Corporate notes 8,423 40 (136 ) 8,327 Collateralized mortgage obligations - agency residential 9,879 45 (93 ) 9,831 Mortgage-backed securities - agency residential 6,980 44 (15 ) 7,009 Municipal securities 3,524 42 — 3,566 Bank CDs 2,994 41 (8 ) 3,027 $ 33,293 $ 240 $ (252 ) $ 33,281 |
Investment Securities Held-to-Maturity | Investment securities held-to-maturity December 31, 2016 (Dollars in thousands) Amortized Gross Gross Fair Value Municipal securities $ 5,688 $ 94 $ (1 ) $ 5,781 $ 5,688 $ 94 $ (1 ) $ 5,781 Investment securities held-to-maturity June 30, 2016 (Dollars in thousands) Amortized Gross Gross Fair Value Municipal securities $ 5,825 $ 117 $ (1 ) $ 5,941 $ 5,825 $ 117 $ (1 ) $ 5,941 |
Scheduled Maturities of Securities Available-for-Sale and Held-to-Maturity | The scheduled maturities of securities available-for-sale held-to-maturity December 31, 2016 Available- for- Sale Held- to- Maturity (Dollars in thousands) Amortized Fair Value Amortized Fair Value Due in one year or less $ 1,000 $ 997 $ 1,188 $ 1,191 Due from more than one to five years 11,201 11,164 2,858 2,876 Due from more than five to ten years 4,563 4,474 1,642 1,714 Due after ten years 17,512 17,092 — — $ 34,276 $ 33,727 $ 5,688 $ 5,781 |
Unrealized Loss Positions of Securities Available-for-Sale and Held-to-Maturity | The following tables summarize the unrealized loss positions of securities available-for-sale held-to-maturity December 31, 2016 Less than 12 Months 12 Months or Longer Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale: U.S. Governmental securities $ 2,072 $ (19 ) $ 683 $ (27 ) $ 2,755 $ (46 ) Corporate notes 3,073 (27 ) 4,462 (98 ) 7,535 (125 ) Collateralized mortgage obligations 943 (15 ) 7,141 (240 ) 8,084 (255 ) Mortgage-backed securities 2,493 (52 ) 2,190 (78 ) 4,683 (130 ) Municipal securities 353 (3 ) 3,135 (30 ) 3,488 (33 ) Bank CDs 244 (1 ) 245 (5 ) 489 (6 ) $ 9,178 $ (117 ) $ 17,856 $ (478 ) $ 27,034 $ (595 ) Held–to-maturity: Municipal securities $ 139 $ — $ 504 $ (1 ) $ 643 $ (1 ) $ 139 $ — $ 504 $ (1 ) $ 643 $ (1 ) June 30, 2016 Less than 12 Months 12 Months or Longer Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale: U.S. Governmental securities $ — $ — $ — $ — $ — $ — Corporate notes 1,000 (13 ) 3,677 (123 ) 4,677 (136 ) Collateralized mortgage obligations — — 5,792 (93 ) 5,792 (93 ) Mortgage-backed securities — — 1,885 (15 ) 1,885 (15 ) Municipal securities — — — — — — Bank CDs 249 (1 ) 493 (7 ) 742 (8 ) $ 1,249 $ (14 ) $ 11,847 $ (238 ) $ 13,096 $ (252 ) Held-to-maturity: Municipal securities $ 506 $ (1 ) $ — $ — $ 506 $ (1 ) $ 506 $ (1 ) $ — $ — $ 506 $ (1 ) |
Loans Receivable (Tables)
Loans Receivable (Tables) | 6 Months Ended |
Dec. 31, 2016 | |
Receivables [Abstract] | |
Summary of Loans Receivable | Loans receivable were comprised of the following: (Dollars in thousands) December 31, 2016 June 30, 2016 Residential: One-to-four $ 74,263 $ 71,980 Home equity and HELOCs 5,746 6,448 Commercial: Commercial real estate 12,555 11,620 Commercial business 427 558 Construction 3,091 3,179 Consumer 18 10 96,100 93,795 Less: Unearned discounts, origination and commitment fees and costs 239 142 Allowance for loan losses (626 ) (487 ) $ 95,713 $ 93,450 |
Summary of Allowance for Loan Losses | The following tables summarizes the activity in the allowance for loan losses by loan class for the three months ended December 31, 2016 and for the three months ended December 31, 2015 and information in regards to the recorded investment in loans receivable as of December 31, 2016 and June 30, 2016: For the Three Months Ended December 31, 2016 Allowance for Loan Losses (Dollars in thousands) Beginning Charge-offs Recoveries Provision/ Ending Ending Ending Residential: One-to-four $ 360 $ — $ 2 $ — $ 362 $ — $ 362 Home equity and HELOCs 114 — — — 114 96 18 Commercial: Commercial real estate 118 — — — 118 30 88 Commercial business 20 — — — 20 15 5 Construction 1 — — — 1 — 1 Consumer — (2 ) 1 1 — — — Unallocated reserve — — — 11 11 — 11 $ 613 $ (2 ) $ 3 $ 12 $ 626 $ 141 $ 485 For the Three Months Ended December 31, 2015 Allowance for Loan Losses (Dollars in thousands) Beginning Charge-offs Recoveries Provisions Ending Residential: One-to-four $ 219 $ — $ — $ — $ 219 Home equity and HELOCs 19 — — — 19 Commercial: Commercial real estate 203 — — — 203 Commercial business 26 — — — 26 Construction — — — — — Consumer — (1 ) — 3 2 Unallocated reserve — — — — — $ 467 $ (1 ) $ — $ 3 $ 469 The following tables summarizes the activity in the allowance for loan losses by loan class for the six months ended December 31, 2016 and December 31, 2015 and information in regards to the recorded investment in loans receivable as of December 31, 2016 and June 30, 2016: For the Six Months Ended December 31, 2016 Allowance for Loan Losses (Dollars in thousands) Beginning Charge-offs Recoveries Provision/ Ending Ending Ending Residential: One-to-four $ 314 $ — $ 5 $ 43 $ 362 $ — $ 362 Home equity and HELOCs 18 — — 96 114 96 18 Commercial: Commercial real estate 131 — — (13 ) 118 30 88 Commercial business 23 — — (3 ) 20 15 5 Construction 1 — — — 1 — 1 Consumer — (2 ) 1 1 — — — Unallocated reserve — — — 11 11 — 11 $ 487 $ (2 ) $ 6 $ 135 $ 626 $ 141 $ 485 For the Six Months Ended December 31, 2015 Allowance for Loan Losses (Dollars in thousands) Beginning Charge-offs Recoveries (Credit)/ Ending Residential: One-to-four $ 219 $ — $ — $ — $ 219 Home equity and HELOCs 19 — — — 19 Commercial: Commercial real estate 230 — — (27 ) 203 Commercial business 45 — — (19 ) 26 Construction — — — — — Consumer — (1 ) — 3 2 Unallocated reserve 1 — — (1 ) — $ 514 $ (1 ) $ — $ (44 ) $ 469 |
Summary of Loans Receivable by Balances Individually Evaluated for Impairment | December 31, 2016 Loans Receivable (Dollars in thousands) Ending Ending Ending Residential: One-to-four $ 74,263 $ 989 $ 73,274 Home equity and HELOCs 5,746 230 5,516 Commercial: Commercial real estate 12,555 749 11,806 Commercial business 427 183 244 Construction 3,091 — 3,091 Consumer 18 — 18 $ 96,100 $ 2,151 $ 93,949 June 30, 2016 Loans Receivable (Dollars in thousands) Ending Ending Ending Residential: One-to-four $ 71,980 $ 818 $ 71,162 Home equity and HELOCs 6,448 227 6,221 Commercial: Commercial real estate 11,620 760 10,860 Commercial business 558 193 365 Construction 3,179 — 3,179 Consumer 10 — 10 $ 93,795 $ 1,998 $ 91,797 |
Allowance for Loan Losses Individually and Collectively Evaluated for Impairment by Loan Portfolio Class | The following table summarizes the Allowance for Loan Losses by loan portfolio class as of June 30, 2016: June 30, 2016 Allowance for Loan Losses (Dollars in thousands) Ending Ending Ending Residential: One-to-four $ 314 $ — $ 314 Home equity and HELOCs 18 — 18 Commercial: Commercial real estate 131 39 92 Commercial business 23 19 4 Construction 1 — 1 Consumer — — — $ 487 $ 58 $ 429 |
Summary of Information in Regard to Impaired Loans | The following tables summarize information in regard to impaired loans by loan portfolio class as of December 31, 2016 and June 30, 2016: December 31, 2016 June 30, 2016 (Dollars in thousands) Recorded Unpaid Related Recorded Unpaid Related With no related allowance recorded Residential: One-to-four $ 989 $ 989 $ — $ 818 $ 818 $ — Home equity and HELOCs 110 110 — 227 227 — Commercial: Commercial real estate 550 550 — 557 600 — Commercial business — — — — — — Construction — — — — — — Consumer — — — — — — $ 1,649 $ 1,649 $ — $ 1,602 $ 1,645 $ — With an allowance recorded Residential: One-to-four $ — $ — $ — $ — $ — $ — Home equity and HELOCs 120 120 96 — — — Commercial: Commercial real estate 199 199 30 203 203 39 Commercial business 183 183 15 193 193 19 Construction — — — — — — Consumer — — — — — — $ 502 $ 502 $ 141 $ 396 $ 396 $ 58 Total: Residential: One-to-four $ 989 $ 989 $ — $ 818 $ 818 $ — Home equity and HELOCs 230 230 96 227 227 — Commercial: Commercial real estate 749 749 30 760 803 39 Commercial business 183 183 15 193 193 19 Construction — — — — — — Consumer — — — — — — $ 2,151 $ 2,151 $ 141 $ 1,998 $ 2,041 $ 58 The following table presents additional information regarding the Bank’s impaired loans for the three months ended December 31, 2016 and December 31, 2015: Three Months Ended December 31, 2016 2015 (Dollars in thousands) Average Interest Average Interest With no related allowance recorded: Residential: One-to-four $ 924 $ 1 $ 1,166 $ — Home equity and HELOCs 147 — 178 — Commercial: Commercial real estate 552 8 579 9 Commercial business — — — — Construction — — — — Consumer — — — — Total $ 1,623 $ 9 $ 1,923 $ 9 With an allowance recorded: Residential: One-to-four $ — $ — $ — $ — Home equity and HELOCs 120 — — — Commercial: Commercial real estate 200 4 225 1 Commercial business 185 3 204 3 Construction — — — — Consumer — — — — Total $ 505 $ 7 $ 429 $ 4 Total: Residential: One-to-four $ 924 $ 1 $ 1,166 $ — Home equity and HELOCs 267 — 178 — Commercial: Commercial real estate 752 12 804 10 Commercial business 185 3 204 3 Construction — — — — Consumer — — — — Total $ 2,128 $ 16 $ 2,352 $ 13 The following table presents additional information regarding the Bank’s impaired loans for the six months ended December 31, 2016 and December 31, 2015: Six Months Ended December 31, 2016 2015 (Dollars in thousands) Average Interest Average Interest With no related allowance recorded: Residential: One-to-four $ 854 $ 3 $ 979 $ 1 Home equity and HELOCs 106 — 178 — Commercial: Commercial real estate 553 16 553 18 Commercial business — — — — Construction — — — — Consumer — — — — Total $ 1,513 $ 19 $ 1,710 $ 19 With an allowance recorded: Residential: One-to-four $ — $ — $ — $ — Home equity and HELOCs 121 — — — Commercial: Commercial real estate 200 8 226 2 Commercial business 188 6 206 6 Construction — — — — Consumer — — — — Total $ 509 $ 14 $ 432 $ 8 Total: Residential: One-to-four $ 854 $ 3 $ 979 $ 1 Home equity and HELOCs 227 — 178 — Commercial: Commercial real estate 753 24 779 20 Commercial business 188 6 206 6 Construction — — — — Consumer — — — — Total $ 2,022 $ 33 $ 2,142 $ 27 |
Summary of Nonaccrual Loans by Classes of Loan Portfolio | The following table presents nonaccrual loans by classes of the loan portfolio as of December 31, 2016 and June 30, 2016: (Dollars in thousands) December 31, June 30, Residential: One-to-four $ 801 $ 818 Home equity and HELOCs 230 227 Commercial: Commercial real estate 100 100 Commercial business — — Construction — — Consumer — — $ 1,131 $ 1,145 |
Credit Quality Indicators by Class of Loan Portfolio | The following tables summarize the aggregate Pass and criticized categories of Special Mention, Substandard and Doubtful within the Bank’s internal risk rating system as of December 31, 2016 and June 30, 2016: December 31, 2016 (Dollars in thousands) Pass Special Substandard Doubtful Total Residential: One-to-four $ 72,988 $ — $ 1,275 $ — $ 74,263 Home equity and HELOCs 5,516 — 230 — 5,746 Commercial: Commercial real estate 11,621 574 360 — 12,555 Commercial business 244 — 183 — 427 Construction 3,091 — — — 3,091 Consumer 18 — — — 18 $ 93,478 $ 574 $ 2,048 $ — $ 96,100 June 30, 2016 (Dollars in thousands) Pass Special Substandard Doubtful Total Residential: One-to-four $ 70,874 $ — $ 1,106 $ — $ 71,980 Home equity and HELOCs 6,221 — 227 — 6,448 Commercial: Commercial real estate 10,860 395 365 — 11,620 Commercial business 162 203 193 — 558 Construction 3,179 — — — 3,179 Consumer 10 — — — 10 $ 91,306 $ 598 $ 1,891 $ — $ 93,795 |
Summary of Segments of Loan Portfolio by Aging Categories | The following tables present the segments of the loan portfolio summarized by aging categories as of December 31, 2016 and June 30, 2016: December 31, 2016 (Dollars in thousands) 30-59 60-89 Greater Total Current Total Loan Loans Residential: One-to-four $ 405 $ 109 $ 546 $ 1,060 $ 73,203 $ 74,263 $ — Home equity and HELOCs 89 — 230 319 5,427 5,746 — Commercial: Commercial real estate — — 100 100 12,455 12,555 — Commercial business — — — — 427 427 — Construction — — — — 3,091 3,091 — Consumer — — — — 18 18 — $ 494 $ 109 $ 876 $ 1,479 $ 94,621 $ 96,100 $ — June 30, 2016 (Dollars in thousands) 30-59 60-89 Greater Total Current Total Loan Loans Residential: One-to-four $ 470 $ 317 $ 659 $ 1,446 $ 70,534 $ 71,980 $ — Home equity and HELOCs 94 79 227 400 6,048 6,448 — Commercial: Commercial real estate — — 100 100 11,520 11,620 — Commercial business — — — — 558 558 — Construction — — — — 3,179 3,179 — Consumer — — — — 10 10 — $ 564 $ 396 $ 986 $ 1,946 $ 91,849 $ 93,795 $ — |
Troubled Debt Restructurings on Accrual Status and Non-Accrual Status | The following table details the Bank’s TDRs that are on accrual status and non-accrual As of December 31, 2016 (Dollars in thousands) Number of Accrual Non-Accrual Total TDRs Commercial real estate 2 $ 344 $ — $ 344 Total 2 $ 344 $ — $ 344 The following table details the Bank’s TDRs that are on accrual status and non-accrual As of June 30, 2016 (Dollars in thousands) Number of Accrual Non-Accrual Total TDRs Commercial real estate 2 $ 357 $ — $ 357 Total 2 $ 357 $ — $ 357 |
Derivatives and Risk Manageme18
Derivatives and Risk Management Activities (Tables) | 6 Months Ended |
Dec. 31, 2016 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivatives Not Designated as Hedging Instruments Recorded in Statements of Financial Condition | The following table summarizes the amounts recorded in the Bank’s statements of financial condition for derivatives not designated as hedging instruments as of December 31, 2016 and June 30, 2016 (in thousands): December 31, 2016 Asset Derivatives Balance sheet Presentation Fair Value Notional Interest Rate Lock Commitments Mortgage banking derivatives $ 315 $ 10,847 Mandatory sale commitments: Related to interest rate and price risk for Loans held for sale Mortgage banking derivatives 36 799 To Be Announced securities Mortgage banking derivatives 18 1,500 Liability Derivatives Balance sheet Presentation Fair Value Notional Interest Rate Lock Commitments Other liabilities $ 4 $ 769 Mandatory sale commitments: Related to interest rate and price risk for Loans held for sale Other liabilities 4 1,549 To Be Announced securities Other liabilities 37 5,250 June 30, 2016 Asset Derivatives Balance sheet Presentation Fair Value Notional Interest Rate Lock Commitments Mortgage banking derivatives $ 1,084 $ 30,006 Mandatory sale commitments: Related to interest rate and price risk for Loans Held for Sale Mortgage banking derivatives 408 7,046 To Be Announced securities Mortgage banking derivatives — — Liability Derivatives Balance sheet Presentation Fair Value Notional Interest Rate Lock Commitments Other liabilities $ 32 $ 4,572 Mandatory sale commitments: Related to interest rate and price risk for Loans Held for Sale Other liabilities 48 5,544 To Be Announced securities Other liabilities 166 22,000 |
Summary of Amounts Recorded in Statements of Income for Derivative Instruments Not Designated as Hedging Instruments | The following tables summarize the amounts recorded in the Bank’s statements of income for derivative instruments not designated as hedging instruments for the six and three months ended December 31, 2016 and 2015 (in thousands): Gain/(Loss) Statement of Income Presentation Six Months Ended December 31, 2016 December 31, 2015 Interest Rate Lock Commitments (Loss) from hedging Instruments $ (269 ) $ (332 ) Mandatory sale commitments: Related to interest rate and price risk for Loans Held for Sale (Loss) from hedging instruments (928 ) (234 ) To Be Announced securities Gain (Loss) from hedging Instruments 258 (205 ) Total (Loss) from hedging instruments $ (939 ) $ (107 ) Gain/(Loss) Statement of Income Presentation Three Months Ended December 31, 2016 December 31, 2015 Interest Rate Lock Commitments (Loss) gain from hedging Instruments $ (486 ) $ 56 Mandatory sale commitments: Related to interest rate and price risk for Loans Held for Sale (Loss) gain from hedging instruments (583 ) 9 To Be Announced securities Gain (loss) from hedging Instruments 509 (63 ) Total (loss) gain from hedging instruments $ (560 ) $ 2 |
Fair Value of Financial Instr19
Fair Value of Financial Instruments (Tables) | 6 Months Ended |
Dec. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Assets Measured at Fair Value on Recurring Basis | Assets measured at fair value on a recurring basis at December 31, 2016 and June 30, 2016 are summarized below: December 31, 2016 (Dollars in thousands) Level 1 Level 2 Level 3 Total Investment securities available-for-sale: U.S. governmental securities $ — $ 3,375 $ — $ 3,375 Corporate notes — 9,822 — 9,822 Collateralized mortgage obligations - agency residential — 8,655 — 8,655 Mortgage-backed securities - agency residential — 5,140 — 5,140 Municipal securities — 3,488 — 3,488 Bank CDs — 3,247 — 3,247 Loans Held for Sale — 6,181 — 6,181 Price risk for Loans Held for Sale — 36 — 36 To Be Announced Securities — 18 — 18 Interest rate lock commitments — 315 — 315 $ — $ 40,277 $ — $ 40,277 June 30, 2016 (Dollars in thousands) Level 1 Level 2 Level 3 Total Investment securities available- for- U.S. governmental securities $ — $ 1,521 $ — $ 1,521 Corporate notes — 8,327 — 8,327 Collateralized mortgage obligations - agency residential — 9,831 — 9,831 Mortgage-backed securities - agency residential — 7,009 — 7,009 Municipal securities — 3,566 — 3,566 Bank CDs — 3,027 — 3,027 Loans Held for Sale — 24,676 — 24,676 Price risk for Loans Held for Sale — 408 — 408 Interest rate lock commitments — 1,084 — 1,084 $ — $ 59,449 $ — $ 59,449 |
Liabilities Measured at Fair Value on a Recurring Basis | Liabilities measured at fair value on a recurring basis at December 31, 2016 are summarized below. December 31, 2016 (Dollars in thousands) Level 1 Level 2 Level 3 Total Price risk for Loans Held for Sale $ — $ 4 $ — $ 4 To Be Announced securities — 37 — 37 Interest rate lock commitments — 4 — 4 $ — $ 45 $ — $ 45 Liabilities measured at fair value on a recurring basis at June 30, 2016 are summarized below. June 30, 2016 (Dollars in thousands) Level 1 Level 2 Level 3 Total Price risk for Loans Held for Sale $ — $ 48 $ — $ 48 To Be Announced securities — 166 — 166 Interest rate lock commitments — 32 — 32 $ — $ 246 $ — $ 246 |
Assets Measured at Fair Value on a Nonrecurring Basis | For assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at December 31, 2016 and June 30, 2016 are as follows: December 31, 2016 (Dollars in thousands) Level 1 Level 2 Level 3 Total Impaired loans $ — $ — $ 361 $ 361 Real estate owned 65 65 $ — $ — $ 426 $ 426 June 30, 2016 (Dollars in thousands) Level 1 Level 2 Level 3 Total Impaired loans $ — $ — $ 338 $ 338 Real estate owned — — 115 115 $ — $ — $ 453 $ 453 |
Additional Quantitative Information about Assets Measured at Fair Value on a Nonrecurring Basis | The following tables presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Bank has utilized Level 3 inputs to determine fair value: Balances as of December 31, 2016 Qualitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Unobservable Range Impaired loans $ 361 Appraisal of collateral (1) Liquidation expenses/ borrower negotiations 5.0%-16.3 (11.7 % %) Other real estate owned $ 65 Appraisal of collateral (1) Liquidation expenses 7.0% to 7.0 (7.0 % %) Balances as of June 30, 2016 Qualitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation Unobservable Range Impaired loans $ 338 Appraisal of collateral (1) Liquidation expenses/ borrower negotiations 5.0%-16.3 (11.2 % %) Other real estate owned $ 115 Appraisal of collateral (1) Liquidation expenses 7.0% to 8.0 (7.5 % %) (1) Appraisals may be discounted for qualitative factors such as age of appraisal, interior condition of the property, and liquidation expenses. Fair value may also be based on negotiated settlements with the borrowers. |
Estimated Fair Values of Financial Instruments Carried at Cost or Fair Value | The estimated fair values of the Bank’s financial instruments, whether carried at cost or fair value, at December 31, 2016 and June 30, 2016 are as follows: Fair Value Measurements at (Dollars in thousands) Carrying Estimated Fair Quoted Significant Significant Assets: Cash and cash equivalents $ 88,445 $ 88,445 $ 88,445 $ — $ — Investment securities available-for-sale 33,727 33,727 — 33,727 — Investment securities held-to-maturity 5,688 5,781 — 5,781 — Loans held for sale at fair value 6,181 6,181 — 6,181 — Loans receivable, net 95,713 92,985 — — 92,985 Restricted investment in bank stock 658 658 — — 658 Accrued interest receivable 525 525 — 525 — Price risk for Loans Held for Sale 36 36 — 36 — To Be Announced Securities 18 18 — 18 — Interest rate lock commitments 315 315 — 315 — Liabilities: Deposits $ 213,088 201,283 — 201,283 — Advances from the FHLB 9,000 8,969 — 8,969 — Securities sold under agreements to repurchase 1,753 1,753 — 1,753 — Price risk for Loans Held for Sale 4 4 — 4 — To Be Announced securities 37 37 — 37 — Interest rate lock commitments 4 4 — 4 — Accrued Interest Payable 15 15 — 15 — Off-balance Commitments to extend credit $ — $ — $ — $ — $ — Fair Value Measurements at (Dollars in thousands) Carrying Estimated Quoted Significant Significant Assets: Cash and cash equivalents $ 15,427 $ 15,427 $ 15,427 $ — $ — Investment securities available-for-sale 33,281 33,281 — 33,281 — Investment securities held-to-maturity 5,825 5,941 — 5,941 — Loans held for sale at fair value 24,676 24,676 — 24,676 — Loans receivable, net 93,450 93,907 — — 93,907 Restricted investment in bank stock 1,108 1,108 — — 1,108 Accrued interest receivable 527 527 — 527 — Price risk for Loans Held for Sale 408 408 — 408 Interest rate lock commitments 1,084 1,084 — 1,084 — Liabilities: Deposits $ 141,771 $ 138,711 $ — $ 138,711 $ — Advances from the FHLB 20,000 20,040 — 20,040 — Securities sold under agreements to repurchase 3,929 3,929 — 3,929 — Price risk for Loans Held for Sale 48 48 — 48 — To Be Announced securities 167 167 — 167 — Interest rate lock commitments 32 32 — 32 — Accrued Interest Payable 19 19 19 Off-balance Commitments to extend credit $ — $ — $ — $ — $ — |
Difference between Carrying Amount of Mortgage Loans Held For Sale, Measured at Fair Value and Aggregate Unpaid Principal Amount | The following table reflects the difference between the carrying amount of mortgage loans held for sale, measured at fair value and the aggregate unpaid principal amount that the Bank is contractually entitled to receive at maturity as of December 31, 2016 and June 30, 2016 (in thousands): Loans held for sale Carrying Aggregate Unpaid Excess Carrying December 31, 2016 $ 6,181 $ 6,048 $ 133 June 30, 2016 $ 24,676 $ 23,848 $ 828 |
Investment Securities Available
Investment Securities Available-for-sale (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale amortized cost | $ 34,276 | $ 33,293 |
Available-for-sale gross unrealized gains | 46 | 240 |
Available-for-sale gross unrealized losses | (595) | (252) |
Available-for-sale estimated fair value | 33,727 | 33,281 |
Bank CDs | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale amortized cost | 3,244 | 2,994 |
Available-for-sale gross unrealized gains | 9 | 41 |
Available-for-sale gross unrealized losses | (6) | (8) |
Available-for-sale estimated fair value | 3,247 | 3,027 |
U.S. Governmental securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale amortized cost | 3,416 | 1,493 |
Available-for-sale gross unrealized gains | 5 | 28 |
Available-for-sale gross unrealized losses | (46) | |
Available-for-sale estimated fair value | 3,375 | 1,521 |
Corporate notes | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale amortized cost | 9,924 | 8,423 |
Available-for-sale gross unrealized gains | 23 | 40 |
Available-for-sale gross unrealized losses | (125) | (136) |
Available-for-sale estimated fair value | 9,822 | 8,327 |
Collateralized mortgage obligations - agency residential | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale amortized cost | 8,905 | 9,879 |
Available-for-sale gross unrealized gains | 5 | 45 |
Available-for-sale gross unrealized losses | (255) | (93) |
Available-for-sale estimated fair value | 8,655 | 9,831 |
Mortgage-backed securities - agency residential | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale amortized cost | 5,266 | 6,980 |
Available-for-sale gross unrealized gains | 4 | 44 |
Available-for-sale gross unrealized losses | (130) | (15) |
Available-for-sale estimated fair value | 5,140 | 7,009 |
Municipal securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale amortized cost | 3,521 | 3,524 |
Available-for-sale gross unrealized gains | 42 | |
Available-for-sale gross unrealized losses | (33) | |
Available-for-sale estimated fair value | $ 3,488 | $ 3,566 |
Investment Securities Held-to-m
Investment Securities Held-to-maturity (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Held-to-maturity amortized cost | $ 5,688 | $ 5,825 |
Held-to-maturity gross unrealized gains | 94 | 117 |
Held-to-maturity gross unrealized losses | (1) | (1) |
Held-to-maturity Fair Value | 5,781 | 5,941 |
Municipal securities | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held-to-maturity amortized cost | 5,688 | 5,825 |
Held-to-maturity gross unrealized gains | 94 | 117 |
Held-to-maturity gross unrealized losses | (1) | (1) |
Held-to-maturity Fair Value | $ 5,781 | $ 5,941 |
Scheduled of Maturities of Secu
Scheduled of Maturities of Securities Available-for-sale and Held-to-maturity (Detail) $ in Thousands | Dec. 31, 2016USD ($) |
Investments, Debt and Equity Securities [Abstract] | |
Available-for-sale, due in one year or less, amortized cost | $ 1,000 |
Available-for-sale, due from more than one to five years, amortized cost | 11,201 |
Available-for-sale, due from more than five to ten years, amortized cost | 4,563 |
Available-for-sale, due after ten years, amortized cost | 17,512 |
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis, Total | 34,276 |
Available-for-sale, due in one year or less, fair value | 997 |
Available-for-sale, due from more than one to five years, fair value | 11,164 |
Available-for-sale, due from more than five to ten years, fair value | 4,474 |
Available-for-sale, due after ten years, fair value | 17,092 |
Available-for-sale, fair value, total | 33,727 |
Held-to-maturity, due in one year or less, amortized cost | 1,188 |
Held-to-maturity, due from more than one to five years, amortized cost | 2,858 |
Held-to-maturity, due from more than five to ten years, amortized cost | 1,642 |
Held-to-maturity, due after ten years, amortized cost | 0 |
Held-to-maturity, fair value, total | 5,688 |
Held-to-maturity, due in one year or less, fair value | 1,191 |
Held-to-maturity, due from more than one to five years, fair value | 2,876 |
Held-to-maturity, due from more than five to ten years, fair value | 1,714 |
Held-to-maturity, due after ten years, fair value | 0 |
Held-to-maturity, fair value, total | $ 5,781 |
Investment Securities - Additio
Investment Securities - Additional information (Detail) $ in Thousands | 6 Months Ended | ||
Dec. 31, 2016USD ($)Security | Dec. 31, 2015USD ($) | Jun. 30, 2016USD ($)Security | |
Investment Holdings [Line Items] | |||
Securities with a fair value pledge to secure public deposits and for other purposes as required by law | $ 6,500 | $ 3,300 | |
Proceeds from the sale of available-for-sale securities | 2,054 | $ 5,891 | |
Gross realized gains on sale of available-for-sale securities | 11,000 | 10,000 | |
Gross realized losses sale of available-for-sale securities | 0 | $ 1,000 | |
Securities available-for-sale | $ 33,727 | $ 33,281 | |
U.S. Governmental securities | |||
Investment Holdings [Line Items] | |||
Number of investment securities | Security | 8 | 5 | |
Securities available-for-sale | $ 3,375 | $ 1,521 | |
Number of securities with unrealized losses | Security | 5 | 0 | |
Corporate notes | |||
Investment Holdings [Line Items] | |||
Number of investment securities | Security | 19 | 16 | |
Securities available-for-sale | $ 9,822 | $ 8,327 | |
Number of securities with unrealized losses | Security | 15 | 9 | |
Collateralized mortgage obligations - agency residential | |||
Investment Holdings [Line Items] | |||
Number of investment securities | Security | 31 | 32 | |
Securities available-for-sale | $ 8,655 | $ 9,831 | |
Number of securities with unrealized losses | Security | 29 | 19 | |
Available for sale securities percentage of agency | 100.00% | ||
Mortgage-backed securities - agency residential | |||
Investment Holdings [Line Items] | |||
Number of investment securities | Security | 16 | 19 | |
Securities available-for-sale | $ 5,140 | $ 7,009 | |
Number of securities with unrealized losses | Security | 12 | 4 | |
Available for sale securities percentage of agency | 100.00% | ||
Municipal securities | |||
Investment Holdings [Line Items] | |||
Number of investment securities | Security | 24 | 24 | |
Securities available-for-sale | $ 3,488 | $ 3,566 | |
Number of securities with unrealized losses | Security | 12 | 1 | |
Total market values of securities | $ 9,300 | $ 9,500 |
Unrealized Loss Positions of Se
Unrealized Loss Positions of Securities Available-for-Sale and Held-to-Maturity (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Dec. 31, 2016 | Jun. 30, 2016 | |
Investment Holdings [Line Items] | ||
Less than 12 months fair value | $ 9,178 | $ 1,249 |
Less than 12 months unrealized Loss | (117) | (14) |
12 months or longer fair value | 17,856 | 11,847 |
12 months or longer unrealized Loss | (478) | (238) |
Fair Value | 27,034 | 13,096 |
Unrealized Loss | (595) | (252) |
Less than 12 months fair value | 139 | 506 |
Less than 12 months unrealized Loss | (1) | |
12 months or longer fair value | 504 | |
12 months or longer unrealized Loss | (1) | |
Fair Value | 643 | 506 |
Unrealized Loss | (1) | (1) |
Bank CDs | ||
Investment Holdings [Line Items] | ||
Less than 12 months fair value | 244 | 249 |
Less than 12 months unrealized Loss | (1) | (1) |
12 months or longer fair value | 245 | 493 |
12 months or longer unrealized Loss | (5) | (7) |
Fair Value | 489 | 742 |
Unrealized Loss | (6) | (8) |
Municipal securities | ||
Investment Holdings [Line Items] | ||
Less than 12 months fair value | 353 | |
Less than 12 months unrealized Loss | (3) | |
12 months or longer fair value | 3,135 | |
12 months or longer unrealized Loss | (30) | |
Fair Value | 3,488 | |
Unrealized Loss | (33) | |
Less than 12 months fair value | 139 | 506 |
Less than 12 months unrealized Loss | (1) | |
12 months or longer fair value | 504 | |
12 months or longer unrealized Loss | (1) | |
Fair Value | 643 | 506 |
Unrealized Loss | (1) | (1) |
U.S. Governmental securities | ||
Investment Holdings [Line Items] | ||
Less than 12 months fair value | 2,072 | |
Less than 12 months unrealized Loss | (19) | |
12 months or longer fair value | 683 | |
12 months or longer unrealized Loss | (27) | |
Fair Value | 2,755 | |
Unrealized Loss | (46) | |
Corporate notes | ||
Investment Holdings [Line Items] | ||
Less than 12 months fair value | 3,073 | 1,000 |
Less than 12 months unrealized Loss | (27) | (13) |
12 months or longer fair value | 4,462 | 3,677 |
12 months or longer unrealized Loss | (98) | (123) |
Fair Value | 7,535 | 4,677 |
Unrealized Loss | (125) | (136) |
Collateralized mortgage obligations - agency residential | ||
Investment Holdings [Line Items] | ||
Less than 12 months fair value | 943 | |
Less than 12 months unrealized Loss | (15) | |
12 months or longer fair value | 7,141 | 5,792 |
12 months or longer unrealized Loss | (240) | (93) |
Fair Value | 8,084 | 5,792 |
Unrealized Loss | (255) | (93) |
Mortgage-backed securities - agency residential | ||
Investment Holdings [Line Items] | ||
Less than 12 months fair value | 2,493 | |
Less than 12 months unrealized Loss | (52) | |
12 months or longer fair value | 2,190 | 1,885 |
12 months or longer unrealized Loss | (78) | (15) |
Fair Value | 4,683 | 1,885 |
Unrealized Loss | $ (130) | $ (15) |
Schedule of Loans Receivable (D
Schedule of Loans Receivable (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and leases receivable, gross | $ 96,100 | $ 93,795 | ||||
Unearned discounts, origination and commitment fees and costs | 239 | 142 | ||||
Allowance for loan losses | (626) | $ (613) | (487) | $ (469) | $ (467) | $ (514) |
Loans and leases receivable, net amount | 95,713 | 93,450 | ||||
Residential | 1-4 family | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and leases receivable, gross | 74,263 | 71,980 | ||||
Allowance for loan losses | (362) | (360) | (314) | (219) | (219) | (219) |
Residential | Home equity and HELOCs | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and leases receivable, gross | 5,746 | 6,448 | ||||
Allowance for loan losses | (114) | (114) | (18) | (19) | (19) | (19) |
Commercial | Commercial Real Estate | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and leases receivable, gross | 12,555 | 11,620 | ||||
Allowance for loan losses | (118) | (118) | (131) | (203) | (203) | (230) |
Commercial | Commercial Business | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and leases receivable, gross | 427 | 558 | ||||
Allowance for loan losses | (20) | (20) | (23) | (26) | $ (26) | $ (45) |
Construction | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and leases receivable, gross | 3,091 | 3,179 | ||||
Allowance for loan losses | (1) | $ (1) | (1) | |||
Consumer | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans and leases receivable, gross | $ 18 | $ 10 | ||||
Allowance for loan losses | $ (2) |
Loans Receivable - Additional I
Loans Receivable - Additional Information (Detail) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Dec. 31, 2016USD ($)Loan | Dec. 31, 2015USD ($) | Jun. 30, 2016USD ($)Loan | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Overdrafts | $ 16 | $ 16 | $ 10 | ||
Loans performing under original contractual, interest increase | 23 | $ 27 | 35 | $ 44 | |
Loans identified as TDRs | 344 | $ 344 | $ 357 | ||
Number of loans identified as TDRs | Loan | 2 | 2 | |||
Residential Mortgage | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Mortgage loans in process of foreclosure | $ 655 | $ 655 | $ 886 |
Summary of Activity in Allowanc
Summary of Activity in Allowance for Loan Losses By Loan Class (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Jun. 30, 2016 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses Beginning Balance | $ 613 | $ 467 | $ 487 | $ 514 | |
Allowance for Loan Losses Charge - Offs | (2) | (1) | (2) | (1) | |
Allowance for Loan Losses Recoveries | 3 | 6 | |||
Allowance for Loan Losses (Credit) Provisions | 12 | 3 | 135 | (44) | |
Allowance for Loan Losses Ending Balance | 626 | 469 | 626 | 469 | |
Allowance for Loan Losses Ending Balance individually Evaluated for impairment | 141 | 141 | $ 58 | ||
Allowance for Loan Losses Ending Balance Collectively Evaluated for Impairments | 485 | 485 | 429 | ||
Residential | 1-4 family | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses Beginning Balance | 360 | 219 | 314 | 219 | |
Allowance for Loan Losses Recoveries | 2 | 5 | |||
Allowance for Loan Losses (Credit) Provisions | 43 | ||||
Allowance for Loan Losses Ending Balance | 362 | 219 | 362 | 219 | |
Allowance for Loan Losses Ending Balance Collectively Evaluated for Impairments | 362 | 362 | 314 | ||
Residential | Home equity and HELOCs | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses Beginning Balance | 114 | 19 | 18 | 19 | |
Allowance for Loan Losses (Credit) Provisions | 96 | ||||
Allowance for Loan Losses Ending Balance | 114 | 19 | 114 | 19 | |
Allowance for Loan Losses Ending Balance individually Evaluated for impairment | 96 | 96 | |||
Allowance for Loan Losses Ending Balance Collectively Evaluated for Impairments | 18 | 18 | 18 | ||
Commercial | Commercial Real Estate | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses Beginning Balance | 118 | 203 | 131 | 230 | |
Allowance for Loan Losses (Credit) Provisions | (13) | (27) | |||
Allowance for Loan Losses Ending Balance | 118 | 203 | 118 | 203 | |
Allowance for Loan Losses Ending Balance individually Evaluated for impairment | 30 | 30 | 39 | ||
Allowance for Loan Losses Ending Balance Collectively Evaluated for Impairments | 88 | 88 | 92 | ||
Commercial | Commercial Business | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses Beginning Balance | 20 | 26 | 23 | 45 | |
Allowance for Loan Losses (Credit) Provisions | (3) | (19) | |||
Allowance for Loan Losses Ending Balance | 20 | 26 | 20 | 26 | |
Allowance for Loan Losses Ending Balance individually Evaluated for impairment | 15 | 15 | 19 | ||
Allowance for Loan Losses Ending Balance Collectively Evaluated for Impairments | 5 | 5 | 4 | ||
Construction | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses Beginning Balance | 1 | 1 | |||
Allowance for Loan Losses Ending Balance | 1 | 1 | |||
Allowance for Loan Losses Ending Balance Collectively Evaluated for Impairments | 1 | 1 | $ 1 | ||
Consumer | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses Charge - Offs | (2) | (1) | (2) | (1) | |
Allowance for Loan Losses Recoveries | 1 | 1 | |||
Allowance for Loan Losses (Credit) Provisions | 1 | 3 | 1 | 3 | |
Allowance for Loan Losses Ending Balance | $ 2 | 2 | |||
Unallocated Reserve | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for Loan Losses Beginning Balance | 1 | ||||
Allowance for Loan Losses (Credit) Provisions | 11 | 11 | $ (1) | ||
Allowance for Loan Losses Ending Balance | 11 | 11 | |||
Allowance for Loan Losses Ending Balance Collectively Evaluated for Impairments | $ 11 | $ 11 |
Individually and Collectively E
Individually and Collectively Evaluated for Impairment By Loan Class (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans Receivable Ending Balance | $ 96,100 | $ 93,795 |
Loans Receivable Ending Balance Individually Evaluated for Impairment | 2,151 | 1,998 |
Loans Receivable Ending Balance Collectively Evaluated for Impairment | 93,949 | 91,797 |
Residential | 1-4 family | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans Receivable Ending Balance | 74,263 | 71,980 |
Loans Receivable Ending Balance Individually Evaluated for Impairment | 989 | 818 |
Loans Receivable Ending Balance Collectively Evaluated for Impairment | 73,274 | 71,162 |
Residential | Home equity and HELOCs | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans Receivable Ending Balance | 5,746 | 6,448 |
Loans Receivable Ending Balance Individually Evaluated for Impairment | 230 | 227 |
Loans Receivable Ending Balance Collectively Evaluated for Impairment | 5,516 | 6,221 |
Commercial | Commercial Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans Receivable Ending Balance | 12,555 | 11,620 |
Loans Receivable Ending Balance Individually Evaluated for Impairment | 749 | 760 |
Loans Receivable Ending Balance Collectively Evaluated for Impairment | 11,806 | 10,860 |
Commercial | Commercial Business | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans Receivable Ending Balance | 427 | 558 |
Loans Receivable Ending Balance Individually Evaluated for Impairment | 183 | 193 |
Loans Receivable Ending Balance Collectively Evaluated for Impairment | 244 | 365 |
Construction | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans Receivable Ending Balance | 3,091 | 3,179 |
Loans Receivable Ending Balance Collectively Evaluated for Impairment | 3,091 | 3,179 |
Consumer | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans Receivable Ending Balance | 18 | 10 |
Loans Receivable Ending Balance Collectively Evaluated for Impairment | $ 18 | $ 10 |
Allowance for Loan Losses Indiv
Allowance for Loan Losses Individually and Collectively Evaluated for Impairment by Loan Portfolio Class (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending Balance | $ 626 | $ 613 | $ 487 | $ 469 | $ 467 | $ 514 |
Ending Balance Individually Evaluated For Impairment | 141 | 58 | ||||
Ending Balance Collectively Evaluated For Impairment | 485 | 429 | ||||
Residential | 1-4 family | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending Balance | 362 | 360 | 314 | 219 | 219 | 219 |
Ending Balance Collectively Evaluated For Impairment | 362 | 314 | ||||
Residential | Home equity and HELOCs | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending Balance | 114 | 114 | 18 | 19 | 19 | 19 |
Ending Balance Individually Evaluated For Impairment | 96 | |||||
Ending Balance Collectively Evaluated For Impairment | 18 | 18 | ||||
Commercial | Commercial Real Estate | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending Balance | 118 | 118 | 131 | 203 | 203 | 230 |
Ending Balance Individually Evaluated For Impairment | 30 | 39 | ||||
Ending Balance Collectively Evaluated For Impairment | 88 | 92 | ||||
Commercial | Commercial Business | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending Balance | 20 | 20 | 23 | $ 26 | $ 26 | $ 45 |
Ending Balance Individually Evaluated For Impairment | 15 | 19 | ||||
Ending Balance Collectively Evaluated For Impairment | 5 | 4 | ||||
Construction | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Ending Balance | 1 | $ 1 | 1 | |||
Ending Balance Collectively Evaluated For Impairment | $ 1 | $ 1 |
Summary of Information in Regar
Summary of Information in Regard to Impaired Loans by Loan Portfolio Class (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Impaired loans by loan portfolio class with no related allowance, Recorded Investment | $ 1,649 | $ 1,602 |
Impaired loans by loan portfolio class with no related allowance, Unpaid Principal Balance | 1,649 | 1,645 |
Impaired loans by loan portfolio class with an allowance, Recorded Investment | 502 | 396 |
Impaired loans by loan portfolio class with an allowance, Unpaid Principal Balance | 502 | 396 |
Impaired loans by loan portfolio class with an allowance, Related Allowance | 141 | 58 |
Impaired loans by loan portfolio class, Recorded Investment | 2,151 | 1,998 |
Impaired loans by loan portfolio class related allowance, Unpaid Principal Balance | 2,151 | 2,041 |
Impaired loans by loan portfolio class with no related allowance, Related Allowance | 141 | 58 |
Residential | 1-4 family | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Impaired loans by loan portfolio class with no related allowance, Recorded Investment | 989 | 818 |
Impaired loans by loan portfolio class with no related allowance, Unpaid Principal Balance | 989 | 818 |
Impaired loans by loan portfolio class, Recorded Investment | 989 | 818 |
Impaired loans by loan portfolio class related allowance, Unpaid Principal Balance | 989 | 818 |
Residential | Home equity and HELOCs | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Impaired loans by loan portfolio class with no related allowance, Recorded Investment | 110 | 227 |
Impaired loans by loan portfolio class with no related allowance, Unpaid Principal Balance | 110 | 227 |
Impaired loans by loan portfolio class with an allowance, Recorded Investment | 120 | |
Impaired loans by loan portfolio class with an allowance, Unpaid Principal Balance | 120 | |
Impaired loans by loan portfolio class with an allowance, Related Allowance | 96 | |
Impaired loans by loan portfolio class, Recorded Investment | 230 | 227 |
Impaired loans by loan portfolio class related allowance, Unpaid Principal Balance | 230 | 227 |
Impaired loans by loan portfolio class with no related allowance, Related Allowance | 96 | |
Commercial | Commercial Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Impaired loans by loan portfolio class with no related allowance, Recorded Investment | 550 | 557 |
Impaired loans by loan portfolio class with no related allowance, Unpaid Principal Balance | 550 | 600 |
Impaired loans by loan portfolio class with an allowance, Recorded Investment | 199 | 203 |
Impaired loans by loan portfolio class with an allowance, Unpaid Principal Balance | 199 | 203 |
Impaired loans by loan portfolio class with an allowance, Related Allowance | 30 | 39 |
Impaired loans by loan portfolio class, Recorded Investment | 749 | 760 |
Impaired loans by loan portfolio class related allowance, Unpaid Principal Balance | 749 | 803 |
Impaired loans by loan portfolio class with no related allowance, Related Allowance | 30 | 39 |
Commercial | Commercial Business | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Impaired loans by loan portfolio class with an allowance, Recorded Investment | 183 | 193 |
Impaired loans by loan portfolio class with an allowance, Unpaid Principal Balance | 183 | 193 |
Impaired loans by loan portfolio class with an allowance, Related Allowance | 15 | 19 |
Impaired loans by loan portfolio class, Recorded Investment | 183 | 193 |
Impaired loans by loan portfolio class related allowance, Unpaid Principal Balance | 183 | 193 |
Impaired loans by loan portfolio class with no related allowance, Related Allowance | $ 15 | $ 19 |
Additional Information Regardin
Additional Information Regarding Bank's Impaired Loans (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Impaired loans by loan portfolio class with no related allowance, Average Record Investment | $ 1,623 | $ 1,923 | $ 1,513 | $ 1,710 |
Impaired loans by loan portfolio class with no related allowance, Interest Income Recognized | 9 | 9 | 19 | 19 |
Impaired loans by loan portfolio class with an allowance, Average Record Investment | 505 | 429 | 509 | 432 |
Impaired loans by loan portfolio class with an allowance, Interest Income Recognized | 7 | 4 | 14 | 8 |
Impaired loans by loan portfolio class, Average Record Investment | 2,128 | 2,352 | 2,022 | 2,142 |
Impaired loans by loan portfolio class, Interest Income Recognized | 16 | 13 | 33 | 27 |
Residential | 1-4 family | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Impaired loans by loan portfolio class with no related allowance, Average Record Investment | 924 | 1,166 | 854 | 979 |
Impaired loans by loan portfolio class with no related allowance, Interest Income Recognized | 1 | 3 | 1 | |
Impaired loans by loan portfolio class, Average Record Investment | 924 | 1,166 | 854 | 979 |
Impaired loans by loan portfolio class, Interest Income Recognized | 1 | 3 | 1 | |
Residential | Home equity and HELOCs | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Impaired loans by loan portfolio class with no related allowance, Average Record Investment | 147 | 178 | 106 | 178 |
Impaired loans by loan portfolio class with an allowance, Average Record Investment | 120 | 121 | ||
Impaired loans by loan portfolio class, Average Record Investment | 267 | 178 | 227 | 178 |
Commercial | Commercial Real Estate | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Impaired loans by loan portfolio class with no related allowance, Average Record Investment | 552 | 579 | 553 | 553 |
Impaired loans by loan portfolio class with no related allowance, Interest Income Recognized | 8 | 9 | 16 | 18 |
Impaired loans by loan portfolio class with an allowance, Average Record Investment | 200 | 225 | 200 | 226 |
Impaired loans by loan portfolio class with an allowance, Interest Income Recognized | 4 | 1 | 8 | 2 |
Impaired loans by loan portfolio class, Average Record Investment | 752 | 804 | 753 | 779 |
Impaired loans by loan portfolio class, Interest Income Recognized | 12 | 10 | 24 | 20 |
Commercial | Commercial Business | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Impaired loans by loan portfolio class with an allowance, Average Record Investment | 185 | 204 | 188 | 206 |
Impaired loans by loan portfolio class with an allowance, Interest Income Recognized | 3 | 3 | 6 | 6 |
Impaired loans by loan portfolio class, Average Record Investment | 185 | 204 | 188 | 206 |
Impaired loans by loan portfolio class, Interest Income Recognized | $ 3 | $ 3 | $ 6 | $ 6 |
Summary of Nonaccrual Loans by
Summary of Nonaccrual Loans by Classes of Loan Portfolio (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Financing Receivable, Modifications [Line Items] | ||
Loan receivable, nonaccrual status | $ 1,131 | $ 1,145 |
Residential | 1-4 family | ||
Financing Receivable, Modifications [Line Items] | ||
Loan receivable, nonaccrual status | 801 | 818 |
Residential | Home equity and HELOCs | ||
Financing Receivable, Modifications [Line Items] | ||
Loan receivable, nonaccrual status | 230 | 227 |
Commercial | Commercial Real Estate | ||
Financing Receivable, Modifications [Line Items] | ||
Loan receivable, nonaccrual status | $ 100 | $ 100 |
Financing Receivables by Credit
Financing Receivables by Credit Quality Indicator and by Class of Financing Receivable (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | $ 96,100 | $ 93,795 |
Residential | 1-4 family | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 74,263 | 71,980 |
Residential | Home equity and HELOCs | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 5,746 | 6,448 |
Commercial | Commercial Real Estate | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 12,555 | 11,620 |
Commercial | Commercial Business | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 427 | 558 |
Construction | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 3,091 | 3,179 |
Consumer | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 18 | 10 |
Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 93,478 | 91,306 |
Pass | Residential | 1-4 family | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 72,988 | 70,874 |
Pass | Residential | Home equity and HELOCs | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 5,516 | 6,221 |
Pass | Commercial | Commercial Real Estate | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 11,621 | 10,860 |
Pass | Commercial | Commercial Business | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 244 | 162 |
Pass | Construction | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 3,091 | 3,179 |
Pass | Consumer | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 18 | 10 |
Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 574 | 598 |
Special Mention | Commercial | Commercial Real Estate | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 574 | 395 |
Special Mention | Commercial | Commercial Business | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 203 | |
Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 2,048 | 1,891 |
Substandard | Residential | 1-4 family | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 1,275 | 1,106 |
Substandard | Residential | Home equity and HELOCs | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 230 | 227 |
Substandard | Commercial | Commercial Real Estate | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | 360 | 365 |
Substandard | Commercial | Commercial Business | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and leases receivable, gross | $ 183 | $ 193 |
Financing Receivables Past Due
Financing Receivables Past Due (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 1,479 | $ 1,946 |
Current | 94,621 | 91,849 |
Total Loans Receivables | 96,100 | 93,795 |
Loans Receivable 90 Days and Accruing | 0 | 0 |
Residential | 1-4 family | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,060 | 1,446 |
Current | 73,203 | 70,534 |
Total Loans Receivables | 74,263 | 71,980 |
Loans Receivable 90 Days and Accruing | 0 | 0 |
Residential | Home equity and HELOCs | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 319 | 400 |
Current | 5,427 | 6,048 |
Total Loans Receivables | 5,746 | 6,448 |
Loans Receivable 90 Days and Accruing | 0 | 0 |
Commercial | Commercial Real Estate | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 100 | 100 |
Current | 12,455 | 11,520 |
Total Loans Receivables | 12,555 | 11,620 |
Loans Receivable 90 Days and Accruing | 0 | 0 |
Commercial | Commercial Business | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 427 | 558 |
Total Loans Receivables | 427 | 558 |
Loans Receivable 90 Days and Accruing | 0 | 0 |
Construction | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 3,091 | 3,179 |
Total Loans Receivables | 3,091 | 3,179 |
Loans Receivable 90 Days and Accruing | 0 | 0 |
Consumer | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 18 | 10 |
Total Loans Receivables | 18 | 10 |
Loans Receivable 90 Days and Accruing | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 494 | 564 |
Financing Receivables, 30 to 59 Days Past Due | Residential | 1-4 family | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 405 | 470 |
Financing Receivables, 30 to 59 Days Past Due | Residential | Home equity and HELOCs | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 89 | 94 |
Financing Receivables, 60 to 89 Days Past Due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 109 | 396 |
Financing Receivables, 60 to 89 Days Past Due | Residential | 1-4 family | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 109 | 317 |
Financing Receivables, 60 to 89 Days Past Due | Residential | Home equity and HELOCs | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 79 | |
Financing Receivables, Equal to Greater than 90 Days Past Due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 876 | 986 |
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential | 1-4 family | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 546 | 659 |
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential | Home equity and HELOCs | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 230 | 227 |
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial | Commercial Real Estate | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 100 | $ 100 |
Troubled Debt Restructurings on
Troubled Debt Restructurings on Accrual Status and Nonaccrual Status (Detail) $ in Thousands | 6 Months Ended | 12 Months Ended |
Dec. 31, 2016USD ($)Loan | Jun. 30, 2016USD ($)Loan | |
Financing Receivable, Modifications [Line Items] | ||
Number of Loans | Loan | 2 | 2 |
Total TDRs | $ 344 | $ 357 |
Accrual Status | ||
Financing Receivable, Modifications [Line Items] | ||
Total TDRs | $ 344 | $ 357 |
Summary of Derivatives not Desi
Summary of Derivatives not Designated as Hedging instruments Recorded in Bank's Statements of Financial Condition (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Derivatives, Fair Value [Line Items] | ||
Asset Derivatives, Fair Value | $ 369 | $ 1,492 |
Not Designated as Hedging Instrument | Interest Rate Lock Commitments | Mortgage banking derivatives | ||
Derivatives, Fair Value [Line Items] | ||
Asset Derivatives, Fair Value | 315 | 1,084 |
Asset Derivatives, Notional Amount | 10,847 | 30,006 |
Not Designated as Hedging Instrument | Interest Rate Lock Commitments | Other Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Liability Derivatives, Fair Value | 4 | 32 |
Derivative liability notional amount | 769 | 4,572 |
Not Designated as Hedging Instrument | Mandatory Sale Commitments, Interest Rate Rate and Price Risk for Loan Held for Sale | Mortgage banking derivatives | ||
Derivatives, Fair Value [Line Items] | ||
Asset Derivatives, Fair Value | 36 | 408 |
Asset Derivatives, Notional Amount | 799 | 7,046 |
Not Designated as Hedging Instrument | To Be Announced Securities | Mortgage banking derivatives | ||
Derivatives, Fair Value [Line Items] | ||
Asset Derivatives, Fair Value | 18 | |
Asset Derivatives, Notional Amount | 1,500 | |
Not Designated as Hedging Instrument | To Be Announced Securities | Other Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Liability Derivatives, Fair Value | 37 | 166 |
Derivative liability notional amount | 5,250 | 22,000 |
Not Designated as Hedging Instrument | Interest Rate and Price Risk for Loans Held for Sale | Other Liabilities | ||
Derivatives, Fair Value [Line Items] | ||
Liability Derivatives, Fair Value | 4 | 48 |
Derivative liability notional amount | $ 1,549 | $ 5,544 |
Derivatives and Risk Manageme37
Derivatives and Risk Management Activities - Summary of Amounts Recorded in Statements of Income for Derivative Instruments not Designated as Hedging Instruments (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (loss) from hedging Instruments | $ (560) | $ 2 | $ (939) | $ (107) |
Interest Rate Lock Commitments | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (loss) from hedging Instruments | (486) | 56 | (269) | (332) |
Mandatory Sale Commitments, Interest Rate Rate and Price Risk for Loan Held for Sale | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (loss) from hedging Instruments | (583) | 9 | (928) | (234) |
To Be Announced Securities | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (loss) from hedging Instruments | $ 509 | $ (63) | $ 258 | $ (205) |
Assets Measured at Fair Value o
Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | $ 33,727 | $ 33,281 |
Loans Held for Sale | 6,181 | 24,676 |
Asset Derivatives | 369 | 1,492 |
Bank CDs | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 3,247 | 3,027 |
U.S. Governmental securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 3,375 | 1,521 |
Corporate notes | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 9,822 | 8,327 |
Collateralized mortgage obligations - agency residential | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 8,655 | 9,831 |
Mortgage-backed securities - agency residential | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 5,140 | 7,009 |
Municipal securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 3,488 | 3,566 |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 33,727 | 33,281 |
Loans Held for Sale | 6,181 | 24,676 |
Level 2 | Price risk for Loans Held for Sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Asset Derivatives | 36 | 408 |
Level 2 | Interest Rate Lock Commitments | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Asset Derivatives | 315 | 1,084 |
Level 2 | To Be Announced Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Asset Derivatives | 18 | |
Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans Held for Sale | 6,181 | 24,676 |
Assets measured at fair value | 40,277 | 59,449 |
Fair Value, Measurements, Recurring | Bank CDs | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 3,247 | 3,027 |
Fair Value, Measurements, Recurring | Price risk for Loans Held for Sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Asset Derivatives | 36 | 408 |
Fair Value, Measurements, Recurring | Interest Rate Lock Commitments | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Asset Derivatives | 315 | 1,084 |
Fair Value, Measurements, Recurring | To Be Announced Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Asset Derivatives | 18 | |
Fair Value, Measurements, Recurring | U.S. Governmental securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 3,375 | 1,521 |
Fair Value, Measurements, Recurring | Corporate notes | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 9,822 | 8,327 |
Fair Value, Measurements, Recurring | Collateralized mortgage obligations - agency residential | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 8,655 | 9,831 |
Fair Value, Measurements, Recurring | Mortgage-backed securities - agency residential | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 5,140 | 7,009 |
Fair Value, Measurements, Recurring | Municipal securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 3,488 | 3,566 |
Fair Value, Measurements, Recurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans Held for Sale | 6,181 | 24,676 |
Assets measured at fair value | 40,277 | 59,449 |
Fair Value, Measurements, Recurring | Level 2 | Bank CDs | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 3,247 | 3,027 |
Fair Value, Measurements, Recurring | Level 2 | Price risk for Loans Held for Sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Asset Derivatives | 36 | 408 |
Fair Value, Measurements, Recurring | Level 2 | Interest Rate Lock Commitments | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Asset Derivatives | 315 | 1,084 |
Fair Value, Measurements, Recurring | Level 2 | To Be Announced Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Asset Derivatives | 18 | |
Fair Value, Measurements, Recurring | Level 2 | U.S. Governmental securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 3,375 | 1,521 |
Fair Value, Measurements, Recurring | Level 2 | Corporate notes | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 9,822 | 8,327 |
Fair Value, Measurements, Recurring | Level 2 | Collateralized mortgage obligations - agency residential | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 8,655 | 9,831 |
Fair Value, Measurements, Recurring | Level 2 | Mortgage-backed securities - agency residential | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | 5,140 | 7,009 |
Fair Value, Measurements, Recurring | Level 2 | Municipal securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale | $ 3,488 | $ 3,566 |
Liabilities Measured at Fair Va
Liabilities Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liabilities measured at fair value | $ 45 | $ 246 |
Fair Value, Measurements, Recurring | Price risk for Loans Held for Sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liability Derivatives | 4 | 48 |
Fair Value, Measurements, Recurring | To Be Announced Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liability Derivatives | 37 | 166 |
Fair Value, Measurements, Recurring | Interest Rate Lock Commitments | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liability Derivatives | 4 | 32 |
Level 2 | Price risk for Loans Held for Sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liability Derivatives | 4 | 48 |
Level 2 | To Be Announced Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liability Derivatives | 37 | 167 |
Level 2 | Interest Rate Lock Commitments | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liability Derivatives | 4 | 32 |
Level 2 | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liabilities measured at fair value | 45 | 246 |
Level 2 | Fair Value, Measurements, Recurring | Price risk for Loans Held for Sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liability Derivatives | 4 | 48 |
Level 2 | Fair Value, Measurements, Recurring | To Be Announced Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liability Derivatives | 37 | 166 |
Level 2 | Fair Value, Measurements, Recurring | Interest Rate Lock Commitments | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Liability Derivatives | $ 4 | $ 32 |
Assets Measured at Fair Value40
Assets Measured at Fair Value on a Nonrecurring Basis (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on a nonrecurring | $ 426 | $ 453 |
Impaired Loans | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on a nonrecurring | 361 | 338 |
Real Estate Owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on a nonrecurring | 65 | 115 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on a nonrecurring | 426 | 453 |
Level 3 | Impaired Loans | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on a nonrecurring | 361 | 338 |
Level 3 | Real Estate Owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets measured at fair value on a nonrecurring | $ 65 | $ 115 |
Additional Quantitative Informa
Additional Quantitative Information about Assets Measured at Fair Value on a Nonrecurring Basis (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Dec. 31, 2016 | Jun. 30, 2016 | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Assets measured at fair value on a nonrecurring | $ 426 | $ 453 | |
Level 3 | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Assets measured at fair value on a nonrecurring | 426 | 453 | |
Impaired Loans | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Assets measured at fair value on a nonrecurring | 361 | 338 | |
Impaired Loans | Level 3 | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Assets measured at fair value on a nonrecurring | $ 361 | $ 338 | |
Valuation Techniques | [1] | Appraisal of collateral | |
Impaired Loans | Minimum | Level 3 | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Discount rate | 5.00% | 5.00% | |
Impaired Loans | Maximum | Level 3 | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Discount rate | 16.30% | 16.30% | |
Impaired Loans | Weighted Average | Level 3 | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Discount rate | 11.70% | 11.20% | |
Real Estate Owned | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Assets measured at fair value on a nonrecurring | $ 65 | $ 115 | |
Real Estate Owned | Level 3 | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Assets measured at fair value on a nonrecurring | $ 65 | $ 115 | |
Valuation Techniques | [1] | Appraisal of collateral | |
Real Estate Owned | Minimum | Level 3 | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Discount rate | 7.00% | 7.00% | |
Real Estate Owned | Maximum | Level 3 | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Discount rate | 7.00% | 8.00% | |
Real Estate Owned | Weighted Average | Level 3 | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Discount rate | 7.00% | 7.50% | |
[1] | Appraisals may be discounted for qualitative factors such as age of appraisal, interior condition of the property, and liquidation expenses. Fair value may also be based on negotiated settlements with the borrowers. |
Estimated Fair Values of Financ
Estimated Fair Values of Financial Instruments Carried at Cost or Fair Value (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Carrying Amount | ||
Assets: | ||
Cash and cash equivalents | $ 88,445 | $ 15,427 |
Investment securities available-for-sale | 33,727 | 33,281 |
Investment securities held-to-maturity | 5,688 | 5,825 |
Loans held for sale at fair value | 6,181 | 24,676 |
Loans receivable, net | 95,713 | 93,450 |
Restricted investment in bank stock | 658 | 1,108 |
Accrued interest receivable | 525 | 527 |
Liabilities: | ||
Deposits | 213,088 | 141,771 |
Advances from the FHLB | 9,000 | 20,000 |
Securities sold under agreements to repurchase | 1,753 | 3,929 |
Accrued Interest Payable | 15 | 19 |
Off-balance sheet: | ||
Commitments to extend credit | 0 | 0 |
Carrying Amount | Price risk for Loans Held for Sale | ||
Assets: | ||
Asset Derivatives | 36 | 408 |
Liabilities: | ||
Liability Derivatives | 4 | 48 |
Carrying Amount | To Be Announced Securities | ||
Assets: | ||
Asset Derivatives | 18 | |
Liabilities: | ||
Liability Derivatives | 37 | 167 |
Carrying Amount | Interest Rate Lock Commitments | ||
Assets: | ||
Asset Derivatives | 315 | 1,084 |
Liabilities: | ||
Liability Derivatives | 4 | 32 |
Estimated Fair Value | ||
Assets: | ||
Cash and cash equivalents | 88,445 | 15,427 |
Investment securities available-for-sale | 33,727 | 33,281 |
Investment securities held-to-maturity | 5,781 | 5,941 |
Loans held for sale at fair value | 6,181 | 24,676 |
Loans receivable, net | 92,985 | 93,907 |
Restricted investment in bank stock | 658 | 1,108 |
Accrued interest receivable | 525 | 527 |
Liabilities: | ||
Deposits | 201,283 | 138,711 |
Advances from the FHLB | 8,969 | 20,040 |
Securities sold under agreements to repurchase | 1,753 | 3,929 |
Accrued Interest Payable | 15 | 19 |
Off-balance sheet: | ||
Commitments to extend credit | 0 | 0 |
Estimated Fair Value | Price risk for Loans Held for Sale | ||
Assets: | ||
Asset Derivatives | 36 | 408 |
Liabilities: | ||
Liability Derivatives | 4 | 48 |
Estimated Fair Value | To Be Announced Securities | ||
Assets: | ||
Asset Derivatives | 18 | |
Liabilities: | ||
Liability Derivatives | 37 | 167 |
Estimated Fair Value | Interest Rate Lock Commitments | ||
Assets: | ||
Asset Derivatives | 315 | 1,084 |
Liabilities: | ||
Liability Derivatives | 4 | 32 |
Investment securities available-for-sale | 33,727 | 33,281 |
Investment securities held-to-maturity | 5,781 | 5,941 |
Loans held for sale at fair value | 6,181 | 24,676 |
Asset Derivatives | 369 | 1,492 |
Level 1 | ||
Assets: | ||
Cash and cash equivalents | 88,445 | 15,427 |
Off-balance sheet: | ||
Commitments to extend credit | 0 | 0 |
Level 2 | ||
Assets: | ||
Investment securities available-for-sale | 33,727 | 33,281 |
Investment securities held-to-maturity | 5,781 | 5,941 |
Loans held for sale at fair value | 6,181 | 24,676 |
Accrued interest receivable | 525 | 527 |
Liabilities: | ||
Deposits | 201,283 | 138,711 |
Advances from the FHLB | 8,969 | 20,040 |
Securities sold under agreements to repurchase | 1,753 | 3,929 |
Accrued Interest Payable | 15 | 19 |
Off-balance sheet: | ||
Commitments to extend credit | 0 | 0 |
Level 3 | ||
Assets: | ||
Loans receivable, net | 92,985 | 93,907 |
Restricted investment in bank stock | 658 | 1,108 |
Off-balance sheet: | ||
Commitments to extend credit | 0 | 0 |
Price risk for Loans Held for Sale | Level 2 | ||
Assets: | ||
Asset Derivatives | 36 | 408 |
Liabilities: | ||
Liability Derivatives | 4 | 48 |
To Be Announced Securities | Level 2 | ||
Assets: | ||
Asset Derivatives | 18 | |
Liabilities: | ||
Liability Derivatives | 37 | 167 |
Interest Rate Lock Commitments | Level 2 | ||
Assets: | ||
Asset Derivatives | 315 | 1,084 |
Liabilities: | ||
Liability Derivatives | $ 4 | $ 32 |
Fair Value of Financial Instr43
Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Transfers From (To) Parent [Abstract] | ||||
Interest income on loans held for sale | $ 113 | $ 84 | $ 275 | $ 196 |
Change in fair value of loans held-for-sale | $ (778) | $ 102 | $ (695) | $ (49) |
Difference between Carrying Amo
Difference between Carrying Amount of Mortgage Loans Held For Sale, Measured at Fair Value and Aggregate Unpaid Principal Amount (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Fair Value Disclosures [Abstract] | ||
Carrying Amount | $ 6,181 | $ 24,676 |
Aggregate Unpaid Principal Balance | 6,048 | 23,848 |
Excess Carrying Amount Over Aggregate Unpaid Principal Balance | $ 133 | $ 828 |
Adoption of Plan of Conversion
Adoption of Plan of Conversion - Additional Information (Detail) - Subsequent Event $ / shares in Units, $ in Millions | Jan. 11, 2017USD ($)$ / sharesshares |
Conversion of Stock [Line Items] | |
Shares of common stock converted | shares | 2,182,125 |
Debt Instrument, convertible, conversion Price | $ / shares | $ 10 |
Gross offering proceeds received | $ | $ 21.8 |