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ALLOWANCE FOR CREDIT LOSSES
 9 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
ALLOWANCE FOR CREDIT LOSSES ALLOWANCE FOR CREDIT LOSSES
Allowance for Credit Losses on Loans Receivable
The following tables present the balance of the allowance for credit losses at March 31, 2025 and June 30, 2024. The balance of the allowance for credit losses is based on an expected loss methodology, referred to as the “CECL” methodology. 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
March 31, 2025
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$— $— $8 $24,652 $24,660 
Nonresidential mortgage— 23 — 6,653 6,676 
Commercial business— 35 50 1,432 1,517 
Construction— 1 — 1,122 1,123 
One- to four-family residential mortgage12 88 40 9,818 9,958 
Home equity loans— — — 417 417 
Other consumer— — — 104 104 
Total loans$12 $147 $98 $44,198 $44,455 
Balance of Loans Receivable
March 31, 2025
Loans
acquired with
deteriorated
credit quality
individually
analyzed		Loans
acquired with
deteriorated
credit quality
collectively
evaluated		Loans individually
analyzed		Loans collectively
evaluated		Total loans
(In Thousands)
Multi-family mortgage$— $— $24,787 $2,708,619 $2,733,406 
Nonresidential mortgage250 1,618 5,543 980,663 988,074 
Commercial business— 1,459 1,799 136,966 140,224 
Construction— 5,735 — 168,987 174,722 
One- to four-family residential mortgage629 3,595 4,547 1,752,694 1,761,465 
Home equity loans22 — 103 49,574 49,699 
Other consumer— — — 2,859 2,859 
Total loans$901 $12,407 $36,779 $5,800,362 $5,850,449 
Unaccreted yield adjustments(4,274)
Loans receivable, net of yield adjustments$5,846,175 
Allowance for Credit Losses
June 30, 2024
Loans
acquired with
deteriorated
credit quality
individually
analyzed		Loans
acquired with
deteriorated
credit quality
collectively
evaluated		Loans individually
analyzed		Loans collectively
evaluated		Total allowance for credit losses
(In Thousands)
Multi-family mortgage$— $— $— $24,125 $24,125 
Nonresidential mortgage— 31 517 5,577 6,125 
Commercial business— 6 228 1,339 1,573 
Construction— — — 1,230 1,230 
One- to four-family residential mortgage9 95 108 11,249 11,461 
Home equity loans— — — 349 349 
Other consumer— — — 76 76 
Total loans$9 $132 $853 $43,945 $44,939 
Balance of Loans Receivable
June 30, 2024
Loans
acquired with
deteriorated
credit quality
individually
analyzed		Loans
acquired with
deteriorated
credit quality
collectively
evaluated		Loans individually
analyzed		Loans collectively
evaluated		Total loans
(In Thousands)
Multi-family mortgage$— $— $22,591 $2,623,260 $2,645,851 
Nonresidential mortgage284 2,145 9,539 936,107 948,075 
Commercial business— 2,794 714 139,239 142,747 
Construction— 5,735 — 203,502 209,237 
One- to four-family residential mortgage1,276 3,431 5,429 1,745,915 1,756,051 
Home equity loans24 — 20 44,060 44,104 
Other consumer— — — 2,685 2,685 
Total loans$1,584 $14,105 $38,293 $5,694,768 $5,748,750 
Unaccreted yield adjustments(15,963)
Loans receivable, net of yield adjustments$5,732,787 
The following tables present the activity in the allowance for credit losses on loans for the three and nine months ended March 31, 2025 and 2024.
Changes in the Allowance for Credit Losses
Three Months Ended March 31, 2025
Balance at
December 31, 2024		Charge-offs RecoveriesProvision for
(reversal of)
credit losses 		Balance at
March 31, 2025
(In Thousands)
Multi-family mortgage$24,880 $— $— $(220)$24,660 
Nonresidential mortgage6,479 (332)— 529 6,676 
Commercial business1,563 (40)4 (10)1,517 
Construction1,157 — — (34)1,123 
One- to four-family residential mortgage9,855 — — 103 9,958 
Home equity loans421 — — (4)417 
Other consumer102 — — 2 104 
Total loans$44,457 $(372)$4 $366 $44,455 
Changes in the Allowance for Credit Losses
Nine Months Ended March 31, 2025
Balance at
June 30, 2024		Charge-offs RecoveriesProvision for
(reversal of)
credit losses 		Balance at
March 31, 2025
(In Thousands)
Multi-family mortgage$24,125 $— $— $535 $24,660 
Nonresidential mortgage6,125 (830)— 1,381 6,676 
Commercial business1,573 (242)14 172 1,517 
Construction1,230 — — (107)1,123 
One- to four-family residential mortgage11,461 (2)2 (1,503)9,958 
Home equity loans349 (2)— 70 417 
Other consumer76 (5)— 33 104 
Total loans$44,939 $(1,081)$16 $581 $44,455 

Changes in the Allowance for Credit Losses
Three Months Ended March 31, 2024
Balance at
December 31, 2023		Charge-offs RecoveriesProvision for
(reversal of)
credit losses		Balance at
March 31, 2024
(In Thousands)
Multi-family mortgage$24,462 $(35)$— $(231)$24,196 
Nonresidential mortgage5,888 (253)— 415 6,050 
Commercial business1,293 (5)7 250 1,545 
Construction1,171 — — 179 1,350 
One- to four-family residential mortgage11,653 — — (278)11,375 
Home equity loans330 — — — 330 
Other consumer70 — — 14 84 
Total loans$44,867 $(293)$7 $349 $44,930 

Changes in the Allowance for Credit Losses
Nine Months Ended March 31, 2024
Balance at June 30, 2023Charge-offs RecoveriesProvision for
(reversal of)
credit losses		Balance at
March 31, 2024
(In Thousands)
Multi-family mortgage$26,362 $(389)$— $(1,777)$24,196 
Nonresidential mortgage8,953 (5,975)120 2,952 6,050 
Commercial business1,440 (352)17 440 1,545 
Construction1,336 — — 14 1,350 
One- to four-family residential mortgage10,237 (37)113 1,062 11,375 
Home equity loans338 — — (8)330 
Other consumer68 — — 16 84 
Total loans$48,734 $(6,753)$250 $2,699 $44,930 
The allowance for credit losses on loans decreased from $44.9 million at June 30, 2024 to $44.5 million as of March 31, 2025. The decrease was primarily due to a decrease in the quantitative reserve on one- to four-family residential mortgage loans due to lower assumed loss rates resulting from favorable historic loss experience, and a decrease in individually analyzed reserves on nonresidential mortgage loans. The decrease was offset by an increase in the quantitative reserve on nonresidential mortgage loans driven by loan growth and an increase in the qualitative reserve on multi-family mortgage loans.
Allowance for Credit Losses on Off Balance Sheet Commitments
The following table presents the activity in the allowance for credit losses on off balance sheet commitments recorded in other non-interest expense for the three and nine months ended March 31, 2025 and 2024:
Three Months Ended
March 31,		Nine Months Ended
March 31,
2025202420252024
(In Thousands)
Balance at beginning of the period$953 $567 $796 $741 
Provision for credit losses37 198 194 24 
Balance at end of the period$990 $765 $990 $765