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LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)

3 Months Ended

Sep. 30, 2022

Receivables [Abstract]

Schedule of Composition of the Loan Portfolio

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

Schedule of Allowance for Credit Losses on Financing Receivables

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

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

Schedule of Nonaccrual Loans

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		%

Schedule of Outstanding Principal Balance on Loans Performing and Nonaccrual

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

Schedule of Composition of Loan and Lease Portfolio by Credit Quality Indicators

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%

Schedule of Past Due Loan and Leases

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		%

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Tabular disclosure of allowance for credit loss on financing receivable.

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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