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LOANS & ALLOWANCE FOR CREDIT LOSSES | 3 Months Ended
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Sep. 30, 2022
Receivables [Abstract] |
LOANS & ALLOWANCE FOR CREDIT LOSSES | LOANS & ALLOWANCE FOR CREDIT LOSSES The composition of the loan portfolio was:
(Dollars in thousands) | September 30, 2022 |  | June 30, 2022
Single Family - Mortgage & Warehouse | $ | 4,009,809 |  |  | $ | 3,988,462 |
Multifamily and Commercial Mortgage | 2,964,982 |  |  | 2,877,680 |
Commercial Real Estate | 5,523,895 |  |  | 4,781,044 |
Commercial & Industrial - Non-RE | 2,244,342 |  |  | 2,028,128 |
Auto & Consumer | 631,344 |  |  | 567,228 |
Other | 9,954 |  |  | 11,134 |
Total gross loans and leases | 15,384,326 |  |  | 14,253,676 |
Allowance for credit losses - loans | (155,472) |  |  | (148,617) |
Unaccreted premiums (discounts) and loan and lease fees | (17,281) |  |  | (13,998) |
Total net loans and leases | $ | 15,211,573 |  |  | $ | 14,091,061 |
Activity in the allowance for credit losses by portfolio classes for the periods was:
| For the Three Months Ended September 30, 2022
(Dollars in thousands) | Single Family-Mortgage & Warehouse |  | Multifamily and Commercial Mortgage |  | Commercial Real Estate |  | Commercial & Industrial - Non-RE |  | Auto & Consumer |  | Other |  | Total
Balance at July 1, 2022 | $ | 19,670 |  |  | $ | 14,655 |  |  | $ | 69,339 |  |  | $ | 30,808 |  |  | $ | 14,114 |  |  | $ | 31 |  |  | $ | 148,617 |
Provision (benefit) for credit losses - loans | (1,642) |  |  | (6) |  |  | 4,437 |  |  | 3,557 |  |  | 2,405 |  |  | (1) |  |  | 8,750 |
Charge-offs | (4) |  |  | — |  |  | — |  |  | — |  |  | (2,362) |  |  | — |  |  | (2,366) |
Recoveries | 15 |  |  | — |  |  | — |  |  | 18 |  |  | 438 |  |  | — |  |  | 471 |
Balance at September 30, 2022 | $ | 18,039 |  |  | $ | 14,649 |  |  | $ | 73,776 |  |  | $ | 34,383 |  |  | $ | 14,595 |  |  | $ | 30 |  |  | $ | 155,472 |
| For the Three Months Ended September 30, 2021
(Dollars in thousands) | Single Family-Mortgage & Warehouse |  | Multifamily and Commercial Mortgage |  | Commercial Real Estate |  | Commercial & Industrial - Non-RE |  | Auto & Consumer |  | Other |  | Total
Balance at July 1, 2021 | $ | 26,604 |  |  | $ | 13,146 |  |  | $ | 57,928 |  |  | $ | 28,460 |  |  | $ | 6,519 |  |  | $ | 301 |  |  | $ | 132,958 |
Provision (benefit) for credit losses - loans | (1,351) |  |  | 36 |  |  | 7,295 |  |  | (5,646) |  |  | 3,626 |  |  | 40 |  |  | 4,000 |
Charge-offs | — |  |  | — |  |  | — |  |  | (322) |  |  | (394) |  |  | — |  |  | (716) |
Recoveries | 76 |  |  | 177 |  |  | — |  |  | 27 |  |  | 256 |  |  | — |  |  | 536 |
Balance at September 30, 2021 | $ | 25,329 |  |  | $ | 13,359 |  |  | $ | 65,223 |  |  | $ | 22,519 |  |  | $ | 10,007 |  |  | $ | 341 |  |  | $ | 136,778 |
Credit Quality Disclosures. Nonaccrual loans consisted of the following as of the dates indicated:
(Dollars in thousands) |  |  |  |  | As of September 30, 2022
Single Family - Mortgage & Warehouse |  |  |  |  | $ | 65,687 |
Multifamily and Commercial Mortgage |  |  |  |  | 35,837 |
Commercial Real Estate |  |  |  |  | 14,852 |
Commercial & Industrial - Non-RE |  |  |  |  | 2,989 |
Auto & Consumer |  |  |  |  | 990 |
Other |  |  |  |  | 126 |
Total nonaccrual loans |  |  |  |  | $ | 120,481 |
Nonaccrual loans to total loans |  |  |  |  | 0.78 | %
(Dollars in thousands) |  |  |  |  | As of June 30, 2022
Single Family - Mortgage & Warehouse |  |  |  |  | $ | 66,424 |
Multifamily and Commercial Mortgage |  |  |  |  | 33,410 |
Commercial Real Estate |  |  |  |  | 14,852 |
Commercial & Industrial - Non-RE |  |  |  |  | 2,989 |
Auto & Consumer |  |  |  |  | 439 |
Other |  |  |  |  | 80 |
Total nonaccrual loans |  |  |  |  | $ | 118,194 |
Nonaccrual loans to total loans |  |  |  |  | 0.83 | %
No interest income was recognized on nonaccrual loans in the three months ended September 30, 2022 or September 30, 2021 and there were no nonaccrual loans without an allowance for credit losses as of September 30, 2022 and June 30, 2022. Approximately 1.13% of our nonaccrual loans at September 30, 2022 were considered troubled debt restructurings (“TDRs”), compared to 0.55% at June 30, 2022. Borrowers that make timely payments after TDRs are considered non-performing for at least six months. Generally, after six months of timely payments, those TDRs are reclassified from the nonaccrual loan category to the performing loan category and any previously deferred interest income is recognized. Approximatel y 54.52% of the Bank’s nonaccrual loans are single family first mortgages. The outstanding unpaid balance of loans that are either performing or nonaccrual by portfolio class was:
| September 30, 2022
(Dollars in thousands) | Single Family-Mortgage & Warehouse |  | Multifamily and Commercial Mortgage |  | Commercial Real Estate |  | Commercial & Industrial - Non-RE |  | Auto & Consumer |  | Other |  | Total
Performing | $ | 3,944,122 |  |  | $ | 2,929,145 |  |  | $ | 5,509,043 |  |  | $ | 2,241,353 |  |  | $ | 630,354 |  |  | $ | 9,828 |  |  | $ | 15,263,845 |
Nonaccrual | 65,687 |  |  | 35,837 |  |  | 14,852 |  |  | 2,989 |  |  | 990 |  |  | 126 |  |  | 120,481 |
Total | $ | 4,009,809 |  |  | $ | 2,964,982 |  |  | $ | 5,523,895 |  |  | $ | 2,244,342 |  |  | $ | 631,344 |  |  | $ | 9,954 |  |  | $ | 15,384,326 |
| June 30, 2022
(Dollars in thousands) | Single Family-Mortgage & Warehouse |  | Multifamily and Commercial Mortgage |  | Commercial Real Estate |  | Commercial & Industrial - Non-RE |  | Auto & Consumer |  | Other |  | Total
Performing | $ | 3,922,038 |  |  | $ | 2,844,270 |  |  | $ | 4,766,192 |  |  | $ | 2,025,139 |  |  | $ | 566,789 |  |  | $ | 11,054 |  |  | $ | 14,135,482 |
Nonaccrual | 66,424 |  |  | 33,410 |  |  | 14,852 |  |  | 2,989 |  |  | 439 |  |  | 80 |  |  | 118,194 |
Total | $ | 3,988,462 |  |  | $ | 2,877,680 |  |  | $ | 4,781,044 |  |  | $ | 2,028,128 |  |  | $ | 567,228 |  |  | $ | 11,134 |  |  | $ | 14,253,676 |
From time to time the Company modifies loan terms temporarily for borrowers who are experiencing financial stress. These loans are performing and accruing and generally return to the original loan terms after the modification term expires. The Company had no TDRs classified as performing loans at September 30, 2022 or June 30, 2022. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends. The Company analyzes loans individually by classifying the loans based on credit risk. The Company uses the following definitions for risk ratings. Pass. Loans classified as pass are well protected by the current net worth and paying capacity of the obligor or by the fair value, less cost to acquire and sell, of any underlying collateral in a timely manner. Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The Company reviews and grades loans following a continuous review process, featuring coverage of all loan types and business lines at least quarterly. Continuous reviewing provides more effective risk monitoring because it immediately tests for potential impacts caused by changes in personnel, policy, products or underwriting standards. The amortized cost basis of the Company’s loans by year of origination and credit quality indicator are:
| September 30, 2022
| Loans Held for Investment Origination Year |  | Revolving Loans |  |  |  |  |  | Total
(Dollars in thousands) | 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  |  |  |
Single Family-Mortgage & Warehouse |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 309,401 |  |  | $ | 1,427,758 |  |  | $ | 579,544 |  |  | $ | 380,330 |  |  | $ | 277,775 |  |  | $ | 767,417 |  |  | $ | 168,798 |  |  |  |  |  |  | $ | 3,911,023 |
Special Mention | — |  |  | — |  |  | — |  |  | 4,971 |  |  | 2,165 |  |  | 18,091 |  |  | 7,532 |  |  |  |  |  |  | 32,759 |
Substandard | — |  |  | 3,201 |  |  | 3,171 |  |  | 5,017 |  |  | 18,700 |  |  | 35,518 |  |  | 420 |  |  |  |  |  |  | 66,027 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | 309,401 |  |  | 1,430,959 |  |  | 582,715 |  |  | 390,318 |  |  | 298,640 |  |  | 821,026 |  |  | 176,750 |  |  |  |  |  |  | 4,009,809 |
Multifamily and Commercial Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 187,856 |  |  | 1,004,942 |  |  | 541,338 |  |  | 403,340 |  |  | 247,670 |  |  | 483,365 |  |  | — |  |  |  |  |  |  | 2,868,511 |
Special Mention | — |  |  | 9,706 |  |  | 3,980 |  |  | 532 |  |  | 3,269 |  |  | — |  |  | — |  |  |  |  |  |  | 17,487 |
Substandard | — |  |  | 3,145 |  |  | 5,759 |  |  | 32,935 |  |  | 6,832 |  |  | 30,313 |  |  | — |  |  |  |  |  |  | 78,984 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | 187,856 |  |  | 1,017,793 |  |  | 551,077 |  |  | 436,807 |  |  | 257,771 |  |  | 513,678 |  |  | — |  |  |  |  |  |  | 2,964,982 |
Commercial Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 509,209 |  |  | 2,613,562 |  |  | 953,785 |  |  | 312,381 |  |  | 182,800 |  |  | 28,759 |  |  | 760,859 |  |  |  |  |  |  | 5,361,355 |
Special Mention | — |  |  | — |  |  | 55,820 |  |  | 12,138 |  |  | 1,000 |  |  | 15,000 |  |  | — |  |  |  |  |  |  | 83,958 |
Substandard | — |  |  | — |  |  | 38,290 |  |  | — |  |  | 15,487 |  |  | 23,507 |  |  | 1,298 |  |  |  |  |  |  | 78,582 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | 509,209 |  |  | 2,613,562 |  |  | 1,047,895 |  |  | 324,519 |  |  | 199,287 |  |  | 67,266 |  |  | 762,157 |  |  |  |  |  |  | 5,523,895 |
Commercial & Industrial - Non-RE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 63,185 |  |  | 402,229 |  |  | 35,057 |  |  | 19,008 |  |  | 10,858 |  |  | 6,520 |  |  | 1,671,859 |  |  |  |  |  |  | 2,208,716 |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Substandard | — |  |  | 2,988 |  |  | — |  |  | 8,500 |  |  | — |  |  | — |  |  | 24,138 |  |  |  |  |  |  | 35,626 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | 63,185 |  |  | 405,217 |  |  | 35,057 |  |  | 27,508 |  |  | 10,858 |  |  | 6,520 |  |  | 1,695,997 |  |  |  |  |  |  | 2,244,342 |
Auto & Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 115,451 |  |  | 328,900 |  |  | 96,119 |  |  | 37,417 |  |  | 31,545 |  |  | 20,039 |  |  | — |  |  |  |  |  |  | 629,471 |
Special Mention | — |  |  | 328 |  |  | 218 |  |  | 44 |  |  | 16 |  |  | 38 |  |  | — |  |  |  |  |  |  | 644 |
Substandard | — |  |  | 509 |  |  | 291 |  |  | 154 |  |  | 231 |  |  | 44 |  |  | — |  |  |  |  |  |  | 1,229 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | 115,451 |  |  | 329,737 |  |  | 96,628 |  |  | 37,615 |  |  | 31,792 |  |  | 20,121 |  |  | — |  |  |  |  |  |  | 631,344 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 698 |  |  | 2,000 |  |  | 3,310 |  |  | — |  |  | — |  |  | 1,525 |  |  | — |  |  |  |  |  |  | 7,533 |
Special Mention | — |  |  | — |  |  | 2,295 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | 2,295 |
Substandard | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 126 |  |  | — |  |  |  |  |  |  | 126 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | 698 |  |  | 2,000 |  |  | 5,605 |  |  | — |  |  | — |  |  | 1,651 |  |  | — |  |  |  |  |  |  | 9,954 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 1,185,800 |  |  | 5,779,391 |  |  | 2,209,153 |  |  | 1,152,476 |  |  | 750,648 |  |  | 1,307,625 |  |  | 2,601,516 |  |  |  |  |  |  | 14,986,609 |
Special Mention | — |  |  | 10,034 |  |  | 62,313 |  |  | 17,685 |  |  | 6,450 |  |  | 33,129 |  |  | 7,532 |  |  |  |  |  |  | 137,143 |
Substandard | — |  |  | 9,843 |  |  | 47,511 |  |  | 46,606 |  |  | 41,250 |  |  | 89,508 |  |  | 25,856 |  |  |  |  |  |  | 260,574 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | $1,185,800 |  | $5,799,268 |  | $2,318,977 |  | $1,216,767 |  | $798,348 |  | $1,430,262 |  | $2,634,904 |  |  |  |  |  | $15,384,326
As a % of total gross loans | 7.71% |  | 37.70% |  | 15.07% |  | 7.91% |  | 5.19% |  | 9.30% |  | 17.13% |  |  |  |  |  | 100.0%
| June 30, 2022
| Loans Held for Investment Origination Year |  | Revolving Loans |  |  |  |  |  | Total
(Dollars in thousands) | 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018 |  | Prior |  |  |  |
Single Family-Mortgage & Warehouse |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | $ | 1,484,027 |  |  | $ | 600,054 |  |  | $ | 402,712 |  |  | $ | 303,999 |  |  | $ | 279,248 |  |  | $ | 548,703 |  |  | $ | 241,925 |  |  |  |  |  |  | $ | 3,860,668 |
Special Mention | — |  |  | — |  |  | 4,790 |  |  | 2,505 |  |  | 4,125 |  |  | 10,971 |  |  | 38,637 |  |  |  |  |  |  | 61,028 |
Substandard | — |  |  | 2,288 |  |  | 3,928 |  |  | 18,407 |  |  | 5,955 |  |  | 36,188 |  |  | — |  |  |  |  |  |  | 66,766 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | 1,484,027 |  |  | 602,342 |  |  | 411,430 |  |  | 324,911 |  |  | 289,328 |  |  | 595,862 |  |  | 280,562 |  |  |  |  |  |  | 3,988,462 |
Multifamily and Commercial Mortgage |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 999,819 |  |  | 569,486 |  |  | 429,247 |  |  | 259,161 |  |  | 219,548 |  |  | 316,013 |  |  | — |  |  |  |  |  |  | 2,793,274 |
Special Mention | 1,200 |  |  | — |  |  | 534 |  |  | 539 |  |  | — |  |  | 968 |  |  | — |  |  |  |  |  |  | 3,241 |
Substandard | — |  |  | 5,772 |  |  | 34,343 |  |  | 9,613 |  |  | 7,308 |  |  | 24,129 |  |  | — |  |  |  |  |  |  | 81,165 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | 1,001,019 |  |  | 575,258 |  |  | 464,124 |  |  | 269,313 |  |  | 226,856 |  |  | 341,110 |  |  | — |  |  |  |  |  |  | 2,877,680 |
Commercial Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 2,482,366 |  |  | 990,887 |  |  | 358,422 |  |  | 186,800 |  |  | 28,758 |  |  | — |  |  | 602,412 |  |  |  |  |  |  | 4,649,645 |
Special Mention | — |  |  | 32,351 |  |  | 12,138 |  |  | 16,487 |  |  | 15,000 |  |  | — |  |  | — |  |  |  |  |  |  | 75,976 |
Substandard | — |  |  | — |  |  | 12,575 |  |  | 18,043 |  |  | 23,507 |  |  | — |  |  | 1,298 |  |  |  |  |  |  | 55,423 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | 2,482,366 |  |  | 1,023,238 |  |  | 383,135 |  |  | 221,330 |  |  | 67,265 |  |  | — |  |  | 603,710 |  |  |  |  |  |  | 4,781,044 |
Commercial & Industrial - Non-RE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 435,228 |  |  | 66,226 |  |  | 25,629 |  |  | 61,932 |  |  | 9,268 |  |  | — |  |  | 1,388,435 |  |  |  |  |  |  | 1,986,718 |
Special Mention | 13 |  |  | — |  |  | — |  |  | 186 |  |  | 710 |  |  | — |  |  | — |  |  |  |  |  |  | 909 |
Substandard | 2,988 |  |  | 28,359 |  |  | 9,154 |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | 40,501 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | 438,229 |  |  | 94,585 |  |  | 34,783 |  |  | 62,118 |  |  | 9,978 |  |  | — |  |  | 1,388,435 |  |  |  |  |  |  | 2,028,128 |
Auto & Consumer |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 352,468 |  |  | 107,882 |  |  | 43,377 |  |  | 37,008 |  |  | 16,147 |  |  | 8,891 |  |  | — |  |  |  |  |  |  | 565,773 |
Special Mention | 204 |  |  | 188 |  |  | 24 |  |  | 110 |  |  | — |  |  | 1 |  |  | — |  |  |  |  |  |  | 527 |
Substandard | 157 |  |  | 311 |  |  | 224 |  |  | 205 |  |  | 25 |  |  | 6 |  |  | — |  |  |  |  |  |  | 928 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | 352,829 |  |  | 108,381 |  |  | 43,625 |  |  | 37,323 |  |  | 16,172 |  |  | 8,898 |  |  | — |  |  |  |  |  |  | 567,228 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 3,057 |  |  | 6,185 |  |  | — |  |  | — |  |  | 1,091 |  |  | 721 |  |  | — |  |  |  |  |  |  | 11,054 |
Special Mention | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Substandard | — |  |  | — |  |  | 46 |  |  | — |  |  | — |  |  | 34 |  |  | — |  |  |  |  |  |  | 80 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | 3,057 |  |  | 6,185 |  |  | 46 |  |  | — |  |  | 1,091 |  |  | 755 |  |  | — |  |  |  |  |  |  | 11,134 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass | 5,756,965 |  |  | 2,340,720 |  |  | 1,259,387 |  |  | 848,900 |  |  | 554,060 |  |  | 874,328 |  |  | 2,232,772 |  |  |  |  |  |  | 13,867,132 |
Special Mention | 1,417 |  |  | 32,539 |  |  | 17,486 |  |  | 19,827 |  |  | 19,835 |  |  | 11,940 |  |  | 38,637 |  |  |  |  |  |  | 141,681 |
Substandard | 3,145 |  |  | 36,730 |  |  | 60,270 |  |  | 46,268 |  |  | 36,795 |  |  | 60,357 |  |  | 1,298 |  |  |  |  |  |  | 244,863 |
Doubtful | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  | — |
Total | $ | 5,761,527 |  |  | $ | 2,409,989 |  |  | $ | 1,337,143 |  |  | $ | 914,995 |  |  | $ | 610,690 |  |  | $ | 946,625 |  |  | $ | 2,272,707 |  |  |  |  |  |  | $ | 14,253,676 |
As a % of total gross loans | 40.42% |  | 16.91% |  | 9.38% |  | 6.42% |  | 4.28% |  | 6.64% |  | 15.95% |  |  |  |  |  | 100.0%
The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses and evaluates credit quality based on the aging status of its loans. Certain short-term loans do not have a fixed maturity date and are treated as delinquent if not paid in full 90 days after the origination date. The outstanding unpaid balance of loans past due 30 days or more by portfolio class are:
| September 30, 2022
(Dollars in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90+ Days Past Due |  | Total
Single Family-Mortgage & Warehouse | $ | 13,021 |  |  | $ | 5,494 |  |  | $ | 57,883 |  |  | $ | 76,398 |
Multifamily and Commercial Mortgage | 5,909 |  |  | 358 |  |  | 30,001 |  |  | 36,268 |
Commercial Real Estate | 9,655 |  |  | — |  |  | 14,852 |  |  | 24,507 |
Commercial & Industrial - Non-RE | — |  |  | — |  |  | — |  |  | — |
Auto & Consumer | 4,174 |  |  | 945 |  |  | 495 |  |  | 5,614 |
Other | 1,162 |  |  | — |  |  | 126 |  |  | 1,288 |
Total | $ | 33,921 |  |  | $ | 6,797 |  |  | $ | 103,357 |  |  | $ | 144,075 |
As a % of total gross loans | 0.22 | % |  | 0.05 | % |  | 0.67 | % |  | 0.94 | %
| June 30, 2022
(Dollars in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | 90+ Days Past Due |  | Total
Single Family-Mortgage & Warehouse | $ | 5,167 |  |  | $ | 1,518 |  |  | $ | 63,286 |  |  | $ | 69,971 |
Multifamily and Commercial Mortgage | 9,455 |  |  | 2,115 |  |  | 26,556 |  |  | 38,126 |
Commercial Real Estate | — |  |  | 14,852 |  |  | — |  |  | 14,852 |
Commercial & Industrial - Non-RE | — |  |  | — |  |  | — |  |  | — |
Auto & Consumer | 4,865 |  |  | 1,009 |  |  | 466 |  |  | 6,340 |
Other | 413 |  |  | — |  |  | 193 |  |  | 606 |
Total | $ | 19,900 |  |  | $ | 19,494 |  |  | $ | 90,501 |  |  | $ | 129,895 |
As a % of total gross loans | 0.14 | % |  | 0.14 | % |  | 0.63 | % |  | 0.91 | %
Loans reaching 90+ days past due are placed on non-accrual as required under Company policy. No loans 90+ days past due were still accruing interest as of September 30, 2022 and June 30, 2022. Loans in process of foreclosure were $20.4 million and $20.7 million as of September 30, 2022 and June 30, 2022, respectively.
Unfunded Loan Commitment Reserves Unfunded loan commitment reserves are included in “Accounts payable and other liabilities” in the unaudited Condensed Consolidated Balance Sheets. Provisions for the unfunded loan commitments are included in the unaudited Condensed Consolidated Statements of Income in “General and administrative expenses”. The following tables present a summary of the activity in the unfunded loan commitment reserves for the periods indicated:
| Three Months Ended September 30,
(Dollars in thousands) | 2022 |  | 2021
BALANCE—beginning July 1 | $ | 10,973 |  |  | $ | 5,723 |
Provision | — |  |  | 2,000 |
BALANCE—end September 30 | $ | 10,973 |  |  | $ | 7,723 |

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI https://asc.fasb.org/subtopic&trid=2196772 + Details
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