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LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)

12 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Schedule of Composition of the Loan Portfolio

The following table sets forth the composition of the loan portfolio as of the dates indicated:

			At June 30,
(Dollars in thousands)			2023						2022
Single Family - Mortgage & Warehouse			$	4,173,833					$	3,988,462
Multifamily and Commercial Mortgage			3,082,225						2,877,680
Commercial Real Estate			6,199,818						4,781,044
Commercial & Industrial - Non-RE			2,639,650						2,028,128
Auto & Consumer			546,264						567,228
Other			10,236						11,134
Total gross loans			16,652,026						14,253,676
Allowance for credit losses - loans			(166,680)						(148,617)
Unaccreted premiums (discounts) and loan fees			(28,618)						(13,998)
Total net loans			$	16,456,728					$	14,091,061

Schedule of Related Party Loans Collateralized

In the ordinary course of business, the Company has granted related party loans collateralized by real property to certain executive officers, directors and their affiliates, which is summarized in the following table:

			At or for the Year Ended June 30,
(Dollars in thousands)			2023						2022
Outstanding loan balance			$	29,181					$	25,573
Loans originated and funded			$	5,052					$	—
Principal repayments			$	1,444					$	2,980

Schedule of Allowance for Credit Losses on Financing Receivables

The following tables summarize activity in the allowance for credit losses - loans by portfolio classes for the periods indicated:

			June 30, 2023
(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 expense (benefit) for credit losses - loans			(2,302)						2,193						3,416						15,521						5,938						(16)						24,750
Charge-offs			(314)						—						—						—						(9,142)						—						(9,456)
Recoveries			449						—						—						18						2,302						—						2,769
Balance at June 30, 2023			$	17,503					$	16,848					$	72,755					$	46,347					$	13,212					$	15					$	166,680

			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
Balance at July 1, 2021			$	26,604					$	13,146					$	57,928					$	28,460					$	6,519					$	301											$	132,958
Provision expense (benefit) for credit losses - loans			(7,009)						1,332						11,411						2,544						10,492						(270)												18,500
Charge-offs			(82)						—						—						(322)						(4,024)						—												(4,428)
Recoveries			157						177						—						126						1,127						—												1,587
Balance at June 30, 2022			$	19,670					$	14,655					$	69,339					$	30,808					$	14,114					$	31											$	148,617

			June 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, 2020			$	25,899					$	4,719					$	21,052					$	9,954					$	9,462					$	4,721					$	75,807
Effect of adoption of ASC 326			6,318						7,408						25,893						7,042						610						29						47,300
Provision expense (benefit) for credit losses - loans			(3,242)						1,196						11,238						14,251						(1,354)						1,661						23,750
Charge-offs			(2,502)						(177)						(255)						(2,833)						(3,517)						(7,274)						(16,558)
Recoveries			131						—						—						46						1,318						1,164						2,659
Balance at June 30, 2021			$	26,604					$	13,146					$	57,928					$	28,460					$	6,519					$	301					$	132,958

The following tables present a summary of the activity in the unfunded loan commitment liabilities for the periods indicated:

			Year Ended June 30,
(Dollars in thousands)			2023						2022						2021
BALANCE—beginning of year			$	10,973					$	5,723					$	323
Effect of adoption of ASC 326			—						—						5,700
Provision (Benefit)			(500)						5,250						(300)
BALANCE—end of year			$	10,473					$	10,973					$	5,723

Schedule of Real Estate Loans, LTV Ratio

The following table presents LTVs for the Company’s real estate loans outstanding as of June 30, 2023:

			Total Real Estate Loans						Single Family - Mortgage & Warehouse																		Multifamily and Commercial Mortgage						Commercial Real Estate
Weighted-Average LTV			48.9		%				57.4		%																53.8		%				40.8		%
Median LTV			53.0		%				55.0		%																50.0		%				38.0		%

Schedule of Loans and Leases Performing and Nonaccrual

The following tables provide the outstanding unpaid balance of loans that are performing and nonaccrual by portfolio class as of the dates indicated:

			June 30, 2023
(Dollars in thousands)			Single Family - Mortgage & Warehouse						Multifamily and Commercial Mortgage						Commercial Real Estate						Commercial & Industrial - Non-RE						Auto & Consumer						Other						Total
Performing			$	4,143,119					$	3,047,122					$	6,184,966					$	2,636,661					$	544,807					$	8,191					$	16,564,866
Nonaccrual			30,714						35,103						14,852						2,989						1,457						2,045						87,160
Total			$	4,173,833					$	3,082,225					$	6,199,818					$	2,639,650					$	546,264					$	10,236					$	16,652,026
Nonaccrual loans to total loans																																							0.52		%

			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
Nonaccrual loans to total loans																																							0.83		%

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

The amortized cost basis by fiscal year of origination and credit quality indicator of the Company’s loan as of June 30, 2023 was as follows:

			Loans Held for Investment Origination Year																																				Revolving Loans																		Total
(Dollars in thousands)			2023						2022						2021						2020						2019						Prior
Single Family-Mortgage & Warehouse
Pass			$	730,498					$	1,346,804					$	522,873					$	324,458					$	255,547					$	639,401					$	243,175																	$	4,062,756
Special Mention			—						7,280						7,026						8,303						12,942						18,244						6,614																		60,409
Substandard			—						5,188						4,686						14,384						2,024						24,386						—																		50,668
Doubtful			—						—						—						—						—						—						—																		—
Total			730,498						1,359,272						534,585						347,145						270,513						682,031						249,789																		4,173,833
Multifamily and Commercial Mortgage
Pass			558,787						975,186						498,744						314,383						224,592						404,222						—																		2,975,914
Special Mention			—						9,691						4,636						1,360						7,705						—						—																		23,392
Substandard			—						3,145						5,686						38,857						6,181						29,050						—																		82,919
Doubtful			—						—						—						—						—						—						—																		—
Total			558,787						988,022						509,066						354,600						238,478						433,272						—																		3,082,225
Commercial Real Estate
Pass			1,867,476						2,323,095						631,500						87,059						117,928						—						960,024																		5,987,082
Special Mention			29,000						43,427						—						8,457						800						15,062						—																		96,746
Substandard			—						29,200						37,951						18,500						15,487						14,852						—																		115,990
Doubtful			—						—						—						—						—						—						—																		—
Total			1,896,476						2,395,722						669,451						114,016						134,215						29,914						960,024																		6,199,818
Commercial & Industrial - Non-RE
Pass			488,120						358,214						29,777						14,794						2,098						—						1,707,619																		2,600,622
Special Mention			—						8,221						—						11,413						—						—						600																		20,234
Substandard			—						17,762						1,032						—						—						—						—																		18,794
Doubtful			—						—						—						—						—						—						—																		—
Total			488,120						384,197						30,809						26,207						2,098						—						1,708,219																		2,639,650
Auto & Consumer
Pass			161,831						256,154						70,223						24,906						19,897						9,929						—																		542,940
Special Mention			423						632						453						60						14						6						—																		1,588
Substandard			350						785						233						133						162						73						—																		1,736
Doubtful			—						—						—						—						—						—						—																		—
Total			162,604						257,571						70,909						25,099						20,073						10,008						—																		546,264
Other
Pass			5,721						—						1,306						—						—						1,164						—																		8,191
Special Mention			—						—						—						—						—						—						—																		—
Substandard			—						2,000						45						—						—						—						—																		2,045
Doubtful			—						—						—						—						—						—						—																		—
Total			5,721						2,000						1,351						—						—						1,164						—																		10,236
Total
Pass			3,812,433						5,259,453						1,754,423						765,600						620,062						1,054,716						2,910,818																		16,177,505
Special Mention			29,423						69,251						12,115						29,593						21,461						33,312						7,214																		202,369
Substandard			350						58,080						49,633						71,874						23,854						68,361						—																		272,152
Doubtful			—						—						—						—						—						—						—																		—
Total			$	3,842,206					$	5,386,784					$	1,816,171					$	867,067					$	665,377					$	1,156,389					$	2,918,032																	$	16,652,026
As a % of total gross loans			23.07%						32.35%						10.91%						5.21%						4.00%						6.94%						17.52%																		100.0%

The amortized cost basis by fiscal year of origination and credit quality indicator of the Company’s loan as of June 30, 2022 was as follows:

			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 following tables provide the outstanding unpaid balance of loans and leases that are past due 30 days or more by portfolio class as of the dates indicated:

			June 30, 2023
(Dollars in thousands)			Current						30-59 Days						60-89 Days						90+ Days						Total
Single Family-Mortgage & Warehouse			$	4,102,150					$	20,832					$	7,971					$	42,880					$	4,173,833
Multifamily and Commercial Mortgage			3,048,217						2,705						1,124						30,179						3,082,225
Commercial Real Estate			6,173,716						11,250						—						14,852						6,199,818
Commercial & Industrial - Non-RE			2,639,650						—						—						—						2,639,650
Auto & Consumer			537,181						6,529						1,707						847						546,264
Other			8,024						68						1						2,143						10,236
Total			$	16,508,938					$	41,384					$	10,803					$	90,901					$	16,652,026
As a % of gross loans			99.14		%				0.25		%				0.06		%				0.55		%				100.00		%

			June 30, 2022
(Dollars in thousands)			Current						30-59 Days						60-89 Days						90+ Days						Total
Single Family-Mortgage & Warehouse			$	3,918,491					$	5,167					$	1,518					$	63,286					$	3,988,462
Multifamily and Commercial Mortgage			2,839,554						9,455						2,115						26,556						2,877,680
Commercial Real Estate			4,766,192						—						14,852						—						4,781,044
Commercial & Industrial - Non-RE			2,028,128						—						—						—						2,028,128
Auto & Consumer			560,888						4,865						1,009						466						567,228
Other			10,528						413						—						193						11,134
Total			$	14,123,781					$	19,900					$	19,494					$	90,501					$	14,253,676
As a % of gross loans			99.09		%				0.14		%				0.14		%				0.63		%				100.00		%

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