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SECURITIES (Tables)
 6 Months Ended
Dec. 31, 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:
December 31, 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$91,921 $112 $1,373 $— $90,660 
Collateralized loan obligations425,155 1,109 2,131 — 424,133 
Corporate bonds150,930 — 18,658 — 132,272 
Total debt securities668,006 1,221 22,162 — 647,065 
    
Mortgage-backed securities:    
Residential pass-through securities (1)
442,608 18 83,115 — 359,511 
Commercial pass-through securities (1)
158,018 — 20,419 — 137,599 
Total mortgage-backed securities600,626 18 103,534 — 497,110 
    
Total securities available for sale$1,268,632 $1,239 $125,696 $— $1,144,175 
___________________________
(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
December 31, 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$14,885 $1 $155 $— $14,731 
Total debt securities14,885 1 155 — 14,731 
    
Mortgage-backed securities:    
Residential pass-through securities (1)
114,843 2 11,939 — 102,906 
Commercial pass-through securities (1)
12,231 — 1,991 — 10,240 
Total mortgage-backed securities127,074 2 13,930 — 113,146 
    
Total securities held to maturity$141,959 $3 $14,085 $— $127,877 
___________________________
(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 $— $131,169 
___________________________
(1)Government-sponsored enterprises.
Stratification by Contractual Maturity of Securities
Excluding the balances of mortgage-backed securities, the following tables present the amortized cost and estimated fair values of debt securities available for sale and held to maturity, by contractual maturity, at December 31, 2023:
December 31, 2023
Amortized
Cost		Fair
Value
(In Thousands)
Available for sale debt securities:
Due in one year or less$— $— 
Due after one year through five years31,865 30,781 
Due after five years through ten years375,781 360,118 
Due after ten years260,361 256,166 
Total$668,007 $647,065 
December 31, 2023
Amortized
Cost		Fair
Value
(In Thousands)
Held to maturity debt securities:
Due in one year or less$5,608 $5,572 
Due after one year through five years8,668 8,562 
Due after five years through ten years609 597 
Due after ten years— — 
Total$14,885 $14,731 
Sales and Calls of Securities Available-for-Sale
Three Months Ended
December 31,		Six Months Ended
December 31,
2023202220232022
(In Thousands)
Available for sale securities sold:
Proceeds from sales of securities$104,083 $105,199 $104,083 $105,199 
Gross realized losses$(18,135)$(15,227)$(18,135)$(15,227)
Net loss on sales of securities$(18,135)$(15,227)$(18,135)$(15,227)
Schedule of Available-for-Sale Securities Pledged
The carrying value of securities pledged were as follows as of the dates presented below:
December 31,
2023		June 30,
2023
(In Thousands)
Securities pledged:
Pledged to secure public funds on deposit$196,002 $201,239 
Pledged for potential borrowings at the Federal Reserve Bank of New York529,378 529,216 
Total carrying value of securities pledged$725,380 $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 December 31, 2023 and June 30, 2023:
December 31, 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$19,393 $316 $56,879 $1,057 10$76,272 $1,373 
Collateralized loan obligations43,863 137 269,329 1,994 24313,192 2,131 
Corporate bonds6,858 7 125,414 18,651 28132,272 18,658 
Commercial pass-through securities63,475 1,316 74,124 19,103 9137,599 20,419 
Residential pass-through securities650 2 358,159 83,113 100358,809 83,115 
Total$134,239 $1,778 $883,905 $123,918 171$1,018,144 $125,696 
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 December 31, 2023 and June 30, 2023:
December 31, 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$4,120 $23 $9,847 $132 27$13,967 $155 
Commercial pass-through securities— — 10,240 1,991 110,240 1,991 
Residential pass-through securities— — 65,826 11,939 865,826 11,939 
Total$4,120 $23 $85,913 $14,062 36$90,033 $14,085 
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