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SECURITIES (Tables)
 3 Months Ended
Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities Reconciliation
The following tables present the amortized cost, gross unrealized gains and losses and estimated fair values for available for sale securities and the amortized cost, gross unrecognized gains and losses and estimated fair values for held to maturity securities as of the dates indicated:
September 30, 2023
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Allowance for
Credit Losses		Fair
Value
(In Thousands)
Available for sale:    
Debt securities:    
Asset-backed securities$132,267 $100 $1,791 $— $130,576 
Collateralized loan obligations414,307 1,025 2,635 — 412,697 
Corporate bonds159,614 — 23,936 — 135,678 
Total debt securities706,188 1,125 28,362 — 678,951 
    
Mortgage-backed securities:    
Residential pass-through securities (1)
530,179 — 129,961 — 400,218 
Commercial pass-through securities (1)
163,906 — 27,442 — 136,464 
Total mortgage-backed securities694,085 — 157,403 — 536,682 
    
Total securities available for sale$1,400,273 $1,125 $185,765 $— $1,215,633 
___________________________
(1)Government-sponsored enterprises.
June 30, 2023
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Allowance for
Credit Losses		Fair
Value
(In Thousands)
Available for sale:    
Debt securities:    
Asset-backed securities$138,281 $4 $2,115 $— $136,170 
Collateralized loan obligations381,915 268 5,187 — 376,996 
Corporate bonds159,666 — 24,648 — 135,018 
Total debt securities679,862 272 31,950 — 648,184 
    
Mortgage-backed securities:   
Residential pass-through securities (1)
539,506 2 103,357 — 436,151 
Commercial pass-through securities (1)
164,499 — 21,105 — 143,394 
Total mortgage-backed securities704,005 2 124,462 — 579,545 
   
Total securities available for sale$1,383,867 $274 $156,412 $— $1,227,729 
___________________________
(1)Government-sponsored enterprises.
Amortized Cost, Gross Unrecognized Gains and Losses and Fair Values of Securities
September 30, 2023
Amortized
Cost		Gross
Unrecognized
Gains		Gross
Unrecognized
Losses		Allowance for
Credit Losses		Fair
Value
(In Thousands)
Held to maturity:   
Debt securities:    
Obligations of state and political subdivisions$15,195 $— $579 $— $14,616 
Total debt securities15,195 — 579 — 14,616 
    
Mortgage-backed securities:    
Residential pass-through securities (1)
116,295 — 17,534 — 98,761 
Commercial pass-through securities (1)
12,240 — 2,589 — 9,651 
Total mortgage-backed securities128,535 — 20,123 — 108,412 
    
Total securities held to maturity$143,730 $— $20,702 $— $123,028 
___________________________
(1)Government-sponsored enterprises.
June 30, 2023
Amortized
Cost		Gross
Unrecognized
Gains		Gross
Unrecognized
Losses		Allowance for
Credit Losses		Fair
Value
(In Thousands)
Held to maturity:
Debt securities:
Obligations of state and political subdivisions$16,051 $— $321 $— $15,730 
Total debt securities16,051 — 321 — 15,730 
  
Mortgage-backed securities:  
Residential pass-through securities (1)
118,166 — 12,736 — 105,430 
Commercial pass-through securities (1)
12,248 — 2,239 — 10,009 
Total mortgage-backed securities130,414 — 14,975 — 115,439 
  
Total securities held to maturity$146,465 $— $15,296 $— $131,169 
___________________________
(1)Government-sponsored enterprises.
Stratification by Contractual Maturity of Securities
Excluding the balances of mortgage-backed securities, the following tables present the amortized cost and estimated fair values of debt securities available for sale and held to maturity, by contractual maturity, at September 30, 2023:
September 30, 2023
Amortized
Cost		Fair
Value
(In Thousands)
Available for sale debt securities:
Due in one year or less$— $— 
Due after one year through five years21,865 20,940 
Due after five years through ten years422,172 400,524 
Due after ten years262,151 257,487 
Total$706,188 $678,951 
September 30, 2023
Amortized
Cost		Fair
Value
(In Thousands)
Held to maturity debt securities:
Due in one year or less$3,585 $3,538 
Due after one year through five years11,000 10,517 
Due after five years through ten years610 561 
Due after ten years— — 
Total$15,195 $14,616 
Schedule of Available for Sale Securities Pledged
The carrying value of securities pledged were as follows as of the dates presented below:
September 30,
2023		June 30,
2023
(In Thousands)
Securities pledged:
Pledged to secure public funds on deposit$189,608 $201,239 
Pledged for potential borrowings at the Federal Reserve Bank of New York558,467 529,216 
Total carrying value of securities pledged$748,075 $730,455 
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value
The following tables present the gross unrealized losses on securities and the estimated fair value of the related securities, aggregated by investment category and length of time that securities have been in a continuous unrealized loss position within the available for sale portfolio at September 30, 2023 and June 30, 2023:
September 30, 2023
Less than 12 Months 12 Months or MoreTotal
Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Number of SecuritiesFair
Value		Unrealized
Losses
(Dollars in Thousands)
Securities Available for Sale:
Asset-backed securities$20,580 $139 $94,790 $1,652 14$115,370 $1,791 
Collateralized loan obligations— — 288,961 2,635 24288,961 2,635 
Corporate bonds6,857 8 128,821 23,928 31135,678 23,936 
Commercial pass-through securities61,446 3,389 75,018 24,053 12136,464 27,442 
Residential pass-through securities1,315 56 398,903 129,905 110400,218 129,961 
Total$90,198 $3,592 $986,493 $182,173 191$1,076,691 $185,765 
June 30, 2023
Less than 12 Months12 Months or MoreTotal
Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Number of SecuritiesFair
Value		Unrealized
Losses
(Dollars in Thousands)
Securities Available for Sale:
Asset-backed securities$33,833 $129 $98,828 $1,986 14$132,661 $2,115 
Collateralized loan obligations46,903 135 294,813 5,052 26341,716 5,187 
Corporate bonds25,511 1,354 109,507 23,294 31135,018 24,648 
Commercial pass-through securities63,531 1,380 79,863 19,725 12143,394 21,105 
Residential pass-through securities10,520 702 425,170 102,655 108435,690 103,357 
Total$180,298 $3,700 $1,008,181 $152,712 191$1,188,479 $156,412 
Schedule of Unrealized Loss on Investments
The following table presents the gross unrecognized losses on securities and the estimated fair value of the related securities, aggregated by investment category and length of time that securities have been in a continuous unrecognized loss position within the held to maturity portfolio at September 30, 2023 and June 30, 2023:
September 30, 2023
Less than 12 Months12 Months or MoreTotal
Fair
Value		Unrecognized
Losses		Fair
Value		Unrecognized
Losses		Number of SecuritiesFair
Value		Unrecognized
Losses
(Dollars in Thousands)
Securities Held to Maturity:
Obligations of state and political subdivisions$4,439 $171 $10,177 $408 29$14,616 $579 
Commercial pass-through securities— — 9,651 2,589 19,651 2,589 
Residential pass-through securities36,670 1,096 62,091 16,438 998,761 17,534 
   
Total$41,109 $1,267 $81,919 $19,435 39$123,028 $20,702 
June 30, 2023
Less than 12 Months12 Months or MoreTotal
Fair
Value		Unrecognized
Losses		Fair
Value		Unrecognized
Losses		Number of SecuritiesFair
Value		Unrecognized
Losses
(Dollars in Thousands)
Securities Held to Maturity:
Obligations of state and political subdivisions$13,642 $268 $2,088 $53 32$15,730 $321 
Commercial pass-through securities— — 10,009 2,239 110,009 2,239 
Residential pass-through securities38,135 319 67,295 12,417 9105,430 12,736 
Total$51,777 $587 $79,392 $14,709 42$131,169 $15,296