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LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)

12 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Schedule of Composition of the Loan Portfolio

The following table sets forth the composition of the loan portfolio:

(Dollars in thousands)			June 30, 2024						June 30, 2023
Single Family - Mortgage & Warehouse			$	4,178,832					$	4,173,833
Multifamily and Commercial Mortgage1			3,861,931						3,082,225
Commercial Real Estate1			6,088,622						6,199,818
Commercial & Industrial - Non-RE			5,241,766						2,639,650
Auto & Consumer			431,660						556,500
Total gross loans			19,802,811						16,652,026
Allowance for credit losses - loans			(260,542)						(166,680)
Unaccreted premiums (discounts) and loan fees			(310,884)						(28,618)
Total net loans			$	19,231,385					$	16,456,728

1 Includes PCD loans of $284 million in Multifamily and Commercial Mortgage and $44.5 million in Commercial Real Estate as of June 30, 2024. For further detail on PCD loans refer to Note 1—“Organizations and Summary of Significant Accounting Policies.”

Schedule of Allowance for Credit Losses on Financing Receivables

The following table presents the components of the provision for credit losses:

			For the Fiscal Year Ended June 30,
(Dollars in thousands)			2024						2023						2022
Provision for credit losses - loans			$	32,750					$	24,750					$	18,500
Provision for credit losses - unfunded lending commitments			(250)						(500)						5,250
Total provision for credit losses			$	32,500					$	24,250					$	23,750

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

			June 30, 2024
(Dollars in thousands)			Single Family-Mortgage & Warehouse						Multifamily and Commercial Mortgage						Commercial Real Estate						Commercial & Industrial - Non-RE																		Auto & Consumer						Total
Balance at July 1, 2023			$	17,503					$	16,848					$	72,755					$	46,347																	$	13,227					$	166,680
Allowance for credit losses at acquisition of PCD loans			—						58,997						11,125						—																		—						70,122
Provision (benefit) for credit losses - loans			(489)						(4,434)						3,900						29,769																		4,004						32,750
Charge-offs			(172)						(640)						—						(84)																		(11,013)						(11,909)
Recoveries			101						—						—						—																		2,798						2,899
Balance at June 30, 2024			$	16,943					$	70,771					$	87,780					$	76,032																	$	9,016					$	260,542

			June 30, 2023
(Dollars in thousands)			Single Family-Mortgage & Warehouse						Multifamily and Commercial Mortgage						Commercial Real Estate						Commercial & Industrial - Non-RE																		Auto & Consumer						Total
Balance at July 1, 2022			$	19,670					$	14,655					$	69,339					$	30,808																	$	14,145					$	148,617
Provision (benefit) for credit losses - loans			(2,302)						2,193						3,416						15,521																		5,922						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																	$	13,227					$	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						Total
Balance at July 1, 2021			$	26,604					$	13,146					$	57,928					$	28,460																	$	6,820					$	132,958
Provision (benefit) for credit losses - loans			(7,009)						1,332						11,411						2,544																		10,222						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																	$	14,145					$	148,617

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

			For the Fiscal Year Ended June 30,
(Dollars in thousands)			2024						2023						2022
BALANCE—beginning of year			$	10,473					$	10,973					$	5,723
Provision (Benefit)			(250)						(500)						5,250
BALANCE—end of year			$	10,223					$	10,473					$	10,973

Schedule of Real Estate Loans, LTV Ratio

The following table presents LTVs for the Company’s real estate loans outstanding as of June 30, 2024:

			Total Real Estate Loans						Single Family - Mortgage & Warehouse						Multifamily and Commercial Mortgage						Commercial Real Estate
Weighted-Average LTV			48.9		%				56.7		%				55.5		%				40.5		%
Median LTV			54.0		%				56.0		%				50.0		%				43.0		%

Schedule of Outstanding Principal Balance on Loans Performing and Nonaccrual

The following tables provide the composition of loans that are performing and nonaccrual by portfolio segment:

			June 30, 2024
(Dollars in thousands)			Single Family-Mortgage & Warehouse						Multifamily and Commercial Mortgage						Commercial Real Estate						Commercial & Industrial - Non-RE																		Auto & Consumer						Total
Performing			$	4,133,121					$	3,826,877					$	6,062,520					$	5,237,746																	$	429,188					$	19,689,452
Nonaccrual			45,711						35,054						26,102						4,020																		2,472						113,359
Total			$	4,178,832					$	3,861,931					$	6,088,622					$	5,241,766																	$	431,660					$	19,802,811
Nonaccrual loans to total loans																																													0.57		%

			June 30, 2023
(Dollars in thousands)			Single Family-Mortgage & Warehouse						Multifamily and Commercial Mortgage						Commercial Real Estate						Commercial & Industrial - Non-RE																		Auto & Consumer						Total
Performing			$	4,143,119					$	3,047,122					$	6,184,966					$	2,636,661																	$	552,998					$	16,564,866
Nonaccrual			30,714						35,103						14,852						2,989																		$	3,502					87,160
Total			$	4,173,833					$	3,082,225					$	6,199,818					$	2,639,650																	$	556,500					$	16,652,026
Nonaccrual loans to total loans																																													0.52		%

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

The following tables present the composition of loans by portfolio segment, fiscal year of origination and credit quality indicator, and the amount of gross charge-offs:

			June 30, 2024
			Loans Held for Investment by Fiscal Year of Origination																																				Revolving Loans																		Total
(Dollars in thousands)			2024						2023						2022						2021						2020						Prior
Single Family-Mortgage & Warehouse
Pass			$	491,822					$	590,060					$	1,200,230					$	487,132					$	291,047					$	720,049					$	256,778																	$	4,037,118
Special Mention			31,000						—						24,489						665						6,591						26,873						—																		89,618
Substandard			—						283						6,728						—						14,720						30,365						—																		52,096
Doubtful			—						—						—						—						—						—						—																		—
Total			522,822						590,343						1,231,447						487,797						312,358						777,287						256,778																		4,178,832
Gross charge-offs			—						—						—						—						—						172						—																		172
Multifamily and Commercial Mortgage
Pass			36,058						700,163						994,004						595,299						510,341						811,184						—																		3,647,049
Special Mention			—						29,325						46,194						17,478						9,011						10,277						—																		112,285
Substandard			—						13,489						12,509						15,507						41,013						20,079						—																		102,597
Doubtful			—						—						—						—						—						—						—																		—
Total			36,058						742,977						1,052,707						628,284						560,365						841,540						—																		3,861,931
Gross charge-offs			—						—						—						—						640						—						—																		640
Commercial Real Estate
Pass			1,952,001						1,419,399						1,456,643						221,061						7,741						53,000						866,686																		5,976,531
Special Mention			—						—						27,452						—						—						—						—																		27,452
Substandard			—						5,600						43,700						5,000						—						30,339						—																		84,639
Doubtful			—						—						—						—						—						—						—																		—
Total			1,952,001						1,424,999						1,527,795						226,061						7,741						83,339						866,686																		6,088,622
Gross charge-offs			—						—						—						—						—						—						—																		—
Commercial & Industrial - Non-RE
Pass			991,497						458,454						238,397						44,923						10,422						12,867						3,295,425																		5,051,985
Special Mention			—						1,613						731						1,818						—						—						5,349																		9,511
Substandard			—						34,433						122,729						1,031						—						2,988						19,089																		180,270
Doubtful			—						—						—						—						—						—						—																		—
Total			991,497						494,500						361,857						47,772						10,422						15,855						3,319,863																		5,241,766
Gross charge-offs			—						—						—						—						—						84						—																		84
Auto & Consumer
Pass			65,766						114,615						177,043						43,287						13,402						14,056						—																		428,169
Special Mention			33						213						422						176						—						61						—																		905
Substandard			142						547						1,264						410						114						109						—																		2,586
Doubtful			—						—						—						—						—						—						—																		—
Total			65,941						115,375						178,729						43,873						13,516						14,226						—																		431,660
Gross charge-offs			202						3,471						5,212						1,556						303						269						—																		11,013
Total
Pass			3,537,144						3,282,691						4,066,317						1,391,702						832,953						1,611,156						4,418,889																		19,140,852
Special Mention			31,033						31,151						99,288						20,137						15,602						37,211						5,349																		239,771
Substandard			142						54,352						186,930						21,948						55,847						83,880						19,089																		422,188
Doubtful			—						—						—						—						—						—						—																		—
Total			$	3,568,319					$	3,368,194					$	4,352,535					$	1,433,787					$	904,402					$	1,732,247					$	4,443,327																	$	19,802,811
As a % of total gross loans			18.0%						17.0%						22.0%						7.2%						4.6%						8.8%						22.4%																		100.0%
Total gross charge-offs			$	202					$	3,471					$	5,212					$	1,556					$	943					$	525					$	—																	$	11,909

			June 30, 2023
			Loans Held for Investment by Fiscal Year of Origination																																				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			167,552						256,154						71,529						24,906						19,897						11,093						—																		551,131
Special Mention			423						632						453						60						14						6						—																		1,588
Substandard			350						2,785						278						133						162						73						—																		3,781
Doubtful			—						—						—						—						—						—						—																		—
Total			168,325						259,571						72,260						25,099						20,073						11,172						—																		556,500
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			23.1%						32.4%						10.9%						5.2%						4.0%						6.9%						17.5%																		100.0%

Schedule of Past Due Loan and Leases

The following tables provide the aging of loans by portfolio segment:

			June 30, 2024
(Dollars in thousands)			Current						30-59 Days						60-89 Days						90+ Days						Total
Single Family-Mortgage & Warehouse			$	4,070,186					$	46,387					$	18,401					$	43,858					$	4,178,832
Multifamily and Commercial Mortgage			3,795,387						13,074						8,554						44,916						3,861,931
Commercial Real Estate			6,024,470						—						25,950						38,202						6,088,622
Commercial & Industrial - Non-RE			5,240,734						—						—						1,032						5,241,766
Auto & Consumer			424,555						4,644						996						1,465						431,660
Total			$	19,555,332					$	64,105					$	53,901					$	129,473					$	19,802,811
As a % of total gross loans			98.75		%				0.33		%				0.27		%				0.65		%				100.00		%

			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			545,205						6,597						1,708						2,990						556,500
Total			$	16,508,938					$	41,384					$	10,803					$	90,901					$	16,652,026
As a % of total gross loans			99.14		%				0.25		%				0.06		%				0.55		%				100.00		%

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 Fiscal Year Ended June 30,
(Dollars in thousands)			2024						2023
Outstanding loan balance			$	29,673					$	29,181
Loans originated and funded			$	1,044					$	5,052
Principal repayments			$	552					$	1,444

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