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Allowance for Credit Losses (Tables)
 12 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Allowance for Credit Losses and Balance of Loans Receivable
The following tables present the balance of the allowance for credit losses (“ACL”) at June 30, 2023 and 2022. The balance of the ACL is based on the CECL methodology, as noted above. The tables identify the valuation allowances attributable to specifically identified impairments on individually analyzed loans, including those acquired with deteriorated credit quality, as well as valuation allowances for impairments on loans collectively evaluated. The tables include the underlying balance of loans receivable applicable to each category as of those dates.
Allowance for Credit Losses
June 30, 2023
Loans
acquired with
deteriorated
credit quality
individually
analyzed		Loans
acquired with
deteriorated
credit quality
collectively
evaluated		Loans individually
analyzed		Loans collectively
evaluated		Total allowance for credit losses
(In Thousands)
Multi-family mortgage$— $— $326 $26,036 $26,362 
Nonresidential mortgage— 70 3,001 5,882 8,953 
Commercial business— 9 20 1,411 1,440 
Construction— — — 1,336 1,336 
One- to four-family residential mortgage3 132 70 10,032 10,237 
Home equity loans— — — 338 338 
Other consumer— — — 68 68 
Total loans$3 $211 $3,417 $45,103 $48,734 
Balance of Loans Receivable
June 30, 2023
Loans
acquired with
deteriorated
credit quality
individually
analyzed		Loans
acquired with
deteriorated
credit quality
collectively
evaluated		Loans individually
analyzed		Loans collectively
evaluated		Total loans
(In Thousands)
Multi-family mortgage$— $— $19,114 $2,742,661 $2,761,775 
Nonresidential mortgage333 3,562 16,207 948,472 968,574 
Commercial business— 4,237 252 142,372 146,861 
Construction— 5,735 — 220,874 226,609 
One- to four-family residential mortgage570 4,433 6,101 1,689,455 1,700,559 
Home equity loans25 — 25 43,499 43,549 
Other consumer— — — 2,549 2,549 
Total loans$928 $17,967 $41,699 $5,789,882 $5,850,476 
Unaccreted yield adjustments(21,055)
Loans receivable, net of yield adjustments$5,829,421 
Allowance for Credit Losses
June 30, 2022
Loans
acquired with
deteriorated
credit quality
individually
analyzed		Loans
acquired with
deteriorated
credit quality
collectively
evaluated		Loans individually
analyzed		Loans collectively
evaluated		Total allowance for credit losses
(In Thousands)
Multi-family mortgage$— $— $849 $24,472 $25,321 
Nonresidential mortgage— 73 2,696 7,821 10,590 
Commercial business— 9 16 1,767 1,792 
Construction— — — 1,486 1,486 
One- to four-family residential mortgage— 229 148 7,163 7,540 
Home equity loans26 — — 219 245 
Other consumer— — — 84 84 
Total loans$26 $311 $3,709 $43,012 $47,058 
Balance of Loans Receivable
June 30, 2022
Loans
acquired with
deteriorated
credit quality
individually
analyzed		Loans
acquired with
deteriorated
credit quality
collectively
evaluated		Loans individually
analyzed		Loans collectively
evaluated		Total loans
(In Thousands)
Multi-family mortgage$— $— $26,653 $2,382,437 $2,409,090 
Nonresidential mortgage377 5,033 31,517 982,911 1,019,838 
Commercial business— 1,267 293 175,247 176,807 
Construction— 5,735 1,561 132,835 140,131 
One- to four-family residential mortgage87 6,460 8,402 1,630,867 1,645,816 
Home equity loans329 58 1,102 40,539 42,028 
Other consumer— — — 2,866 2,866 
Total loans$793 $18,553 $69,528 $5,347,702 $5,436,576 
Unaccreted yield adjustments(18,731)
Loans receivable, net of yield adjustments$5,417,845 
The following tables present the activity in the ACL on loans for the years ended June 30, 2023, 2022 and 2021:
Changes in the Allowance for Credit Losses
Year Ended June 30, 2023
Balance at
June 30, 2022		Charge-offs RecoveriesProvision for
(reversal of)
credit losses 		Balance at
June 30, 2023
(In Thousands)
Multi-family mortgage$25,321 $(493)$— $1,534 $26,362 
Nonresidential mortgage10,590 (39)— (1,598)8,953 
Commercial business1,792 (364)29 (17)1,440 
Construction1,486 — — (150)1,336 
One- to four-family residential mortgage7,540 — 2 2,695 10,237 
Home equity loans245 — — 93 338 
Other consumer84 — 55 (71)68 
Total loans$47,058 $(896)$86 $2,486 $48,734 
Changes in the Allowance for Credit Losses
Year Ended June 30, 2022
Balance at
June 30, 2021		Charge-offs Recoveries(Reversal of)
provision for
credit losses 		Balance at
June 30, 2022
(In Thousands)
Multi-family mortgage$28,450 $(1,896)$— $(1,233)$25,321 
Nonresidential mortgage16,243 (2,646)812 (3,819)10,590 
Commercial business2,086 (193)160 (261)1,792 
Construction1,170 — — 316 1,486 
One- to four-family residential mortgage9,747 — 147 (2,354)7,540 
Home equity loans433 — 27 (215)245 
Other consumer36 (2)2 48 84 
Total loans$58,165 $(4,737)$1,148 $(7,518)$47,058 
Changes in the Allowance for Loan Losses
Year Ended June 30, 2021
Balance at
June 30, 2020 (prior to
adoption of ASC 326):		Impact of adopting
Topic 326		Charge-offs RecoveriesInitial allowance on PCD loans(Reversal of)
provision for
credit losses 		Balance at
June 30, 2021
(In Thousands)
Multi-family mortgage$20,916 $8,408 $— $— $250 $(1,124)$28,450 
Nonresidential mortgage8,763 2,390 (80)— 1,720 3,450 16,243 
Commercial business1,926 (421)(1,446)17 1,007 1,003 2,086 
Construction236 80 — — 99 755 1,170 
One- to four-family residential mortgage4,860 9,106 (13)4 720 (4,930)9,747 
Home equity loans568 92 (32)— 105 (300)433 
Other consumer58 (15)(41)9 — 25 36 
Total loans$37,327 $19,640 $(1,612)$30 $3,901 $(1,121)$58,165 
Allowance for Credit Losses on Financing Receivables Off Balance Sheet Commitments
The following table presents the activity in the ACL on off balance sheet commitments recorded in other non-interest expense for the years ended June 30, 2023, 2022 and 2021:
Year Ended June 30,
202320222021
(In Thousands)
Balance at beginning of the period$1,041 $1,708 $— 
Impact of adopting Topic 326 (1)
— — 536 
(Reversal of) provision for credit losses(300)(667)1,172 
Balance at end of the period$741 $1,041 $1,708 
________________________________________
(1)Adoption of CECL accounting standard effective July 1, 2020.