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Securities Available for Sale (Tables) | 3 Months Ended
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Sep. 30, 2019
Schedule of Available-for-sale Securities [Line Items] |
Amortized Cost, Gross Unrealized Gains and Losses and Fair Values of Securities |
| September 30, 2019 |
| Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
| (In Thousands) |
Investment securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. agency securities | $ | 680 |  |  | $ | 14 |  |  | $ | - |  |  | $ | 694 |
Obligations of state and political subdivisions |  | 89,447 |  |  |  | 1,605 |  |  |  | 2 |  |  |  | 91,050 |
Asset-backed securities |  | 180,689 |  |  |  | 911 |  |  |  | 532 |  |  |  | 181,068 |
Collateralized loan obligations |  | 199,394 |  |  |  | 130 |  |  |  | 975 |  |  |  | 198,549 |
Corporate bonds |  | 190,996 |  |  |  | 1,136 |  |  |  | 891 |  |  |  | 191,241 |
Trust preferred securities |  | 3,967 |  |  |  | - |  |  |  | 192 |  |  |  | 3,775 |
Total debt securities |  | 665,173 |  |  |  | 3,796 |  |  |  | 2,592 |  |  |  | 666,377 |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized mortgage obligations (1) |  | 63,117 |  |  |  | 677 |  |  |  | 209 |  |  |  | 63,585 |
Residential pass-through securities (1) |  | 200,399 |  |  |  | 3,135 |  |  |  | 676 |  |  |  | 202,858 |
Commercial pass-through securities (1) |  | 290,848 |  |  |  | 8,022 |  |  |  | 8 |  |  |  | 298,862 |
Non-agency securities |  | 9 |  |  |  | - |  |  |  | - |  |  |  | 9 |
Total mortgage-backed securities |  | 554,373 |  |  |  | 11,834 |  |  |  | 893 |  |  |  | 565,314 |
Total securities available for sale | $ | 1,219,546 |  |  | $ | 15,630 |  |  | $ | 3,485 |  |  | $ | 1,231,691 |
(1) | Government-sponsored enterprises.
| June 30, 2019 |
| Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
| (In Thousands) |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. agency securities | $ | 3,642 |  |  | $ | 40 |  |  | $ | 4 |  |  | $ | 3,678 |
Obligations of state and political subdivisions |  | 26,628 |  |  |  | 323 |  |  |  | - |  |  |  | 26,951 |
Asset-backed securities |  | 178,168 |  |  |  | 1,465 |  |  |  | 320 |  |  |  | 179,313 |
Collateralized loan obligations |  | 209,453 |  |  |  | 254 |  |  |  | 1,096 |  |  |  | 208,611 |
Corporate bonds |  | 122,929 |  |  |  | 121 |  |  |  | 1,026 |  |  |  | 122,024 |
Trust preferred securities |  | 3,967 |  |  |  | - |  |  |  | 211 |  |  |  | 3,756 |
Total debt securities |  | 544,787 |  |  |  | 2,203 |  |  |  | 2,657 |  |  |  | 544,333 |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized mortgage obligations (1) |  | 21,469 |  |  |  | 70 |  |  |  | 149 |  |  |  | 21,390 |
Residential pass-through securities (1) |  | 44,611 |  |  |  | 156 |  |  |  | 464 |  |  |  | 44,303 |
Commercial pass-through securities (1) |  | 101,421 |  |  |  | 2,816 |  |  |  | - |  |  |  | 104,237 |
Total mortgage-backed securities |  | 167,501 |  |  |  | 3,042 |  |  |  | 613 |  |  |  | 169,930 |
Total securities available for sale | $ | 712,288 |  |  | $ | 5,245 |  |  | $ | 3,270 |  |  | $ | 714,263 |
(1) | Government-sponsored enterprises.
Sales of Securities Available for Sale | Sales of securities available for sale were as follows for the periods presented below:
|  |  | Three Months Ended |
|  |  | September 30, |
|  |  |  |  | 2019 |  |  | 2018 |
|  |  | (In Thousands) |
Available for sale securities sold: |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales of securities |  |  |  |  | $ | 3,646 |  |  | $ | - |
Gross realized gains |  |  |  |  | $ | 12 |  |  | $ | - |
Gross realized losses |  |  |  |  |  | (28 | ) |  |  | - |
Net loss on sales of securities |  |  |  |  | $ | (16 | ) |  | $ | - |
Schedule Of Available For Sale Securities Pledged | Securities available for sale pledged for borrowings at the FHLB and other institutions, and securities pledged for public funds and other purposes, were as follows as of the dates presented below:
|  |  |  |  | September 30, |  |  | June 30, |
|  |  |  |  | 2019 |  |  | 2019 |
|  |  |  |  | (In Thousands) |
Available for sale securities pledged: |  |  |  |  |  |  |  |  |  |  |
Pledged for borrowings at the FHLB of New York |  |  |  |  | $ | 158,679 |  |  | $ | 24,099 |
Pledged to secure public funds on deposit |  |  |  |  |  | 6,898 |  |  |  | - |
Pledged for potential borrowings at the Federal Reserve Bank of New York |  |  |  |  |  | 107,316 |  |  |  | 43,623 |
Pledged for collateral for depositor sweep accounts |  |  |  |  |  | 8,265 |  |  |  | 1,322 |
Total available for sale securities pledged |  |  |  |  | $ | 281,158 |  |  | $ | 69,044 |
Securities Available for Sale [Member] |
Schedule of Available-for-sale Securities [Line Items] |
Stratification by Contractual Maturity of Securities |
| September 30, 2019 |
| Amortized Cost |  |  | Fair Value |
| (In Thousands) |
Debt securities available for sale: |  |  |  |  |  |  |
Due in one year or less | $ | 28,024 |  |  | $ | 28,113 |
Due after one year through five years |  | 119,032 |  |  |  | 118,420 |
Due after five years through ten years |  | 171,822 |  |  |  | 173,997 |
Due after ten years |  | 346,295 |  |  |  | 345,847 |
Total | $ | 665,173 |  |  | $ | 666,377 |

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- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References No definition available. + Details
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