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LOANS RECEIVABLE (Tables)
 3 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Schedule of Loans Receivable
The following table sets forth the composition of the Company’s loan portfolio at September 30, 2023 and June 30, 2023:
September 30,
2023		June 30,
2023
(In Thousands)
Commercial loans:
Multi-family mortgage$2,699,151 $2,761,775 
Nonresidential mortgage946,801 968,574 
Commercial business149,229 146,861 
Construction230,703 226,609 
Total commercial loans4,025,884 4,103,819 
One- to four-family residential mortgage1,689,051 1,700,559 
Consumer loans:
Home equity loans42,896 43,549 
Other consumer2,644 2,549 
Total consumer loans45,540 46,098 
Total loans5,760,475 5,850,476 
Unaccreted yield adjustments (1)
(24,426)(21,055)
Total loans receivable, net of yield adjustments$5,736,049 $5,829,421 
___________________________
(1)At September 30, 2023, included a fair value adjustment to the carrying amount of hedged one- to four-family residential mortgage loans.
Contractual Payment Status of Past Loans Receivable The following tables present the payment status of past due loans as of September 30, 2023 and June 30, 2023, by loan segment:
Payment Status
September 30, 2023
30-59 Days60-89 Days90 Days and OverTotal Past DueCurrentTotal
(In Thousands)
Multi-family mortgage$2,807 $— $13,637 $16,444 $2,682,707 $2,699,151 
Nonresidential mortgage— 7,974 6,624 14,598 932,203 946,801 
Commercial business433 1 391 825 148,404 149,229 
Construction— — — — 230,703 230,703 
One- to four-family residential mortgage1,264 2,001 2,622 5,887 1,683,164 1,689,051 
Home equity loans4 25 45 74 42,822 42,896 
Other consumer— — — — 2,644 2,644 
Total loans$4,508 $10,001 $23,319 $37,828 $5,722,647 $5,760,475 
Payment Status
June 30, 2023
30-59 Days60-89 Days90 Days and OverTotal Past DueCurrentTotal
(In Thousands)
Multi-family mortgage$2,958 $— $10,756 $13,714 $2,748,061 $2,761,775 
Nonresidential mortgage792 — 8,233 9,025 959,549 968,574 
Commercial business528 16 236 780 146,081 146,861 
Construction— — — — 226,609 226,609 
One- to four-family residential mortgage2,019 1,202 3,731 6,952 1,693,607 1,700,559 
Home equity loans25 — 50 75 43,474 43,549 
Other consumer— — — — 2,549 2,549 
Total loans$6,322 $1,218 $23,006 $30,546 $5,819,930 $5,850,476 
Performance Status of Loans Receivable
The following tables present information relating to the Company’s nonperforming loans as of September 30, 2023 and June 30, 2023:
Performance Status
September 30, 2023
90 Days and Over Past Due AccruingNonaccrual Loans with Allowance for Credit LossesNonaccrual Loans with no Allowance for Credit LossesTotal NonperformingPerformingTotal
(In Thousands)
Multi-family mortgage$— $2,958 $13,308 $16,266 $2,682,885 $2,699,151 
Nonresidential mortgage— 9,783 5,138 14,921 931,880 946,801 
Commercial business— 257 180 437 148,792 149,229 
Construction— — — — 230,703 230,703 
One- to four-family residential mortgage— 1,041 5,200 6,241 1,682,810 1,689,051 
Home equity loans— — 47 47 42,849 42,896 
Other consumer— — — — 2,644 2,644 
Total loans$— $14,039 $23,873 $37,912 $5,722,563 $5,760,475 
Performance Status
June 30, 2023
90 Days and Over Past Due AccruingNonaccrual Loans with Allowance for Credit LossesNonaccrual Loans with no Allowance for Credit LossesTotal NonperformingPerformingTotal
(In Thousands)
Multi-family mortgage$— $5,686 $13,428 $19,114 $2,742,661 $2,761,775 
Nonresidential mortgage— 11,815 4,725 16,540 952,034 968,574 
Commercial business— 71 181 252 146,609 146,861 
Construction— — — — 226,609 226,609 
One- to four-family residential mortgage— 1,640 5,031 6,671 1,693,888 1,700,559 
Home equity loans— — 50 50 43,499 43,549 
Other consumer— — — — 2,549 2,549 
Total loans$— $19,212 $23,415 $42,627 $5,807,849 $5,850,476 
Troubled Debt Restructurings of Loans Receivable
The following table presents the amortized cost basis at September 30, 2023 of loan modifications made to borrowers experiencing financial difficulty that were restructured during the three months ended September 30, 2023 by type of modification:

Three Months Ended September 30, 2023
Payment DelayPercent of Total Class
(Dollars In Thousands)
Commercial business$45 0.03 %
One- to four-family residential mortgage4890.03 %
Total$534 0.03 %
The following table presents total TDRs at June 30, 2023:
June 30, 2023
AccrualNon-accrualTotal
# of LoansAmount# of LoansAmount# of LoansAmount
(Dollars In Thousands)
Commercial loans:
Multi-family mortgage—$— 2$5,400 2$5,400 
Nonresidential mortgage3170 2700 5870 
Commercial business63,197 —— 63,197 
Construction—— —— —— 
Total commercial loans93,367 46,100 139,467 
One- to four-family residential mortgage396,752 4774 437,526 
Consumer loans:
Home equity loans6368 —— 6368 
Total54$10,487 8$6,874 62$17,361 
The following table presents information regarding TDRs that occurred during the three months ended September 30, 2022:
Three Months Ended September 30, 2022
# of LoansPre-
modification
Recorded
Investment		Post-
modification
Recorded
Investment
(Dollars In Thousands)
One- to four-family residential mortgage1$435 $435 
Home equity loans135 35 
Total2$470 $470 
Carrying Value of Collateral Dependent Individually Analyzed Loans
The following table presents the carrying value and related allowance of collateral dependent individually analyzed loans at the dates indicated:
September 30, 2023June 30, 2023
Carrying ValueRelated AllowanceCarrying ValueRelated Allowance
(In Thousands)
Commercial loans:
Multi-family mortgage$16,266 $342 $19,114 $326 
Nonresidential mortgage (1)
14,598 1,407 16,207 3,001 
Construction— — — — 
Total commercial loans30,864 1,749 35,321 3,327 
One- to four-family residential mortgage (2)
2,831 — 2,875 — 
Total$33,695 $1,749 $38,196 $3,327 
___________________________
(1)Secured by income-producing nonresidential property.
(2)Secured by one- to four-family residential properties.
Credit-Rating Classification of Loans Receivable
The following table presents the risk category of loans and current period gross charge-offs as of September 30, 2023 by loan segment and vintage year:
Term Loans by Origination Year for Fiscal Years ended June 30,
20242023202220212020PriorRevolving LoansTotal
(In Thousands)
Multi-family mortgage:
Pass$— $601,736 $952,821 $213,565 $203,358 $677,086 $— $2,648,566 
Special Mention— — — — — 6,605 — 6,605 
Substandard— — — 9,737 — 34,243 — 43,980 
Doubtful— — — — — — — — 
Total multi-family mortgage— 601,736 952,821 223,302 203,358 717,934 — 2,699,151 
Nonresidential mortgage:
Pass2,779 107,718 208,575 87,371 51,571 450,806 6,000 914,820 
Special Mention— — — — — 11,325 — 11,325 
Substandard— — — 704 — 19,952 — 20,656 
Doubtful— — — — — — — — 
Total nonresidential mortgage2,779 107,718 208,575 88,075 51,571 482,083 6,000 946,801 
Nonresidential current period gross charge-offs— — — — — 2,033 — 2,033 
Commercial business:
Pass1,733 11,427 27,853 24,577 7,444 10,096 61,241 144,371 
Special Mention— — 467 — — 2,254 — 2,721 
Substandard— — — — 214 1,497 426 2,137 
Doubtful— — — — — — — — 
Total commercial business1,733 11,427 28,320 24,577 7,658 13,847 61,667 149,229 
Commercial business current period gross charge-offs— — — — 178 11 — 189 
Construction loans:
Pass7,184 34,204 41,698 130,476 7,453 3,953 5,735 230,703 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total construction loans7,184 34,204 41,698 130,476 7,453 3,953 5,735 230,703 
Residential mortgage:
Pass24,092 193,179 449,520 481,718 79,290 450,416 — 1,678,215 
Special Mention— — — — — 1,581 — 1,581 
Substandard— — 539 — — 8,716 — 9,255 
Doubtful— — — — — — — — 
Total residential mortgage24,092 193,179 450,059 481,718 79,290 460,713 — 1,689,051 
Home equity loans:
Pass567 6,965 2,517 591 1,173 9,065 21,744 42,622 
Special Mention— — — — — — — — 
Substandard— — — — — 274 — 274 
Doubtful— — — — — — — — 
Total home equity loans567 6,965 2,517 591 1,173 9,339 21,744 42,896 
Other consumer loans
Pass296 260 236 116 491 1,123 40 2,562 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — 82 82 
Other consumer loans296 260 236 116 491 1,123 122 2,644 
Total loans$36,651 $955,489 $1,684,226 $948,855 $350,994 $1,688,992 $95,268 $5,760,475 
Total current period gross charge-offs$— $— $— $— $178 $2,044 $— $2,222 
The following table presents the risk category of loans as of June 30, 2023 by loan segment and vintage year:
Term Loans by Origination Year for Fiscal Years ended June 30,
20232022202120202019PriorRevolving LoansTotal
(In Thousands)
Multi-family mortgage:
Pass$603,260 $954,554 $213,482 $198,969 $226,929 $510,485 $— $2,707,679 
Special Mention— — — — 6,006 6,647 — 12,653 
Substandard— — 9,809 — 9,432 22,202 — 41,443 
Doubtful— — — — — — — — 
Total multi-family mortgage603,260 954,554 223,291 198,969 242,367 539,334 — 2,761,775 
Nonresidential mortgage:
Pass109,725 220,443 83,032 51,933 59,197 414,742 6,000 945,072 
Special Mention— — — — — 378 — 378 
Substandard— — 708 — 919 21,497 — 23,124 
Doubtful— — — — — — — — 
Total nonresidential mortgage109,725 220,443 83,740 51,933 60,116 436,617 6,000 968,574 
Commercial business:
Pass10,364 28,644 25,304 7,875 1,731 8,776 59,031 141,725 
Special Mention— — — 47 176 2,456 371 3,050 
Substandard— — — 395 60 1,385 246 2,086 
Doubtful— — — — — — — — 
Total commercial business10,364 28,644 25,304 8,317 1,967 12,617 59,648 146,861 
Construction loans:
Pass25,070 36,389 143,086 12,275 2,961 1,093 5,735 226,609 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total construction loans25,070 36,389 143,086 12,275 2,961 1,093 5,735 226,609 
Residential mortgage:
Pass195,521 454,504 491,460 80,431 45,741 422,472 — 1,690,129 
Special Mention— — — — 1,168 425 — 1,593 
Substandard— 542 — — 80 8,215 — 8,837 
Doubtful— — — — — — — — 
Total residential mortgage195,521 455,046 491,460 80,431 46,989 431,112 — 1,700,559 
Home equity loans:
Pass7,682 2,567 607 1,264 2,478 7,280 21,384 43,262 
Special Mention— — — — — — — — 
Substandard— — — — — 287 — 287 
Doubtful— — — — — — — — 
Total home equity loans7,682 2,567 607 1,264 2,478 7,567 21,384 43,549 
Other consumer loans
Pass367 247 110 494 302 912 42 2,474 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — 75 75 
Other consumer loans367 247 110 494 302 912 117 2,549 
Total loans$951,989 $1,697,890 $967,598 $353,683 $357,180 $1,429,252 $92,884 $5,850,476