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Loans Held For Investment (Tables) | 9 Months Ended
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Mar. 31, 2013
Loans and Leases Receivable Disclosure [Abstract] |
Schedule of Loans Held for Investment | Loans held for investment consisted of the following:
| March 31, 2013 | June 30, 2012
Mortgage loans: |  |
Single-family | $ | 415,616 |  | $ | 439,024 |
Multi-family | 256,640 |  | 278,057 |
Commercial real estate | 94,779 |  | 95,302 |
Other | — |  | 755 |
Commercial business loans | 1,859 |  | 2,580 |
Consumer loans | 448 |  | 506 |
Total loans held for investment, gross | 769,342 |  | 816,224 |
Deferred loan costs, net | 1,925 |  | 2,095 |
Allowance for loan losses | (16,826 | ) | (21,483 | )
Total loans held for investment, net | $ | 754,441 |  | $ | 796,836 |
Schedule of Loans Held for Investment, Contractual Repricing |
| Adjustable Rate |  |
(In Thousands) | Within One Year | After One Year Through 3 Years | After 3 Years Through 5 Years | After 5 Years Through 10 Years | Fixed Rate | Total
Mortgage loans: |  |  |  |  |  |
Single-family | $ | 376,586 |  | $ | 15,980 |  | $ | 7,665 |  | $ | 1,828 |  | $ | 13,557 |  | $ | 415,616 |
Multi-family | 153,313 |  | 11,460 |  | 73,486 |  | 6,811 |  | 11,570 |  | 256,640 |
Commercial real estate | 47,063 |  | 2,445 |  | 29,937 |  | 781 |  | 14,553 |  | 94,779 |
Commercial business loans | 884 |  | — |  | — |  | — |  | 975 |  | 1,859 |
Consumer loans | 430 |  | — |  | — |  | — |  | 18 |  | 448 |
Total loans held for investment, gross | $ | 578,276 |  | $ | 29,885 |  | $ | 111,088 |  | $ | 9,420 |  | $ | 40,673 |  | $ | 769,342 |
Schedule of Allowance for Loan Losses | The following tables summarize the Corporation’s allowance for loan losses at March 31, 2013 and June 30, 2012:
(In Thousands) | March 31, 2013 | June 30, 2012
Collectively evaluated for impairment: |  |
Mortgage loans: |  |
Single-family | $ | 11,319 |  | $ | 15,189 |
Multi-family | 3,834 |  | 3,524 |
Commercial real estate | 1,325 |  | 1,810 |
Other | — |  | 7 |
Commercial business loans | 96 |  | 169 |
Consumer loans | 12 |  | 13 |
Total collectively evaluated allowance | 16,586 |  | 20,712 |
Individually evaluated for impairment: |  |
Mortgage loans: |  |
Single-family | 233 |  | 744 |
Multi-family | — |  | 27 |
Commercial business loans | 7 |  | — |
Total individually evaluated allowance | 240 |  | 771 |
Total loan loss allowance | $ | 16,826 |  | $ | 21,483 |
The following table is provided to disclose additional details on the Corporation’s allowance for loan losses (dollars in thousands):
| For the Quarter Ended March 31, | For the Nine Months Ended March 31,
(Dollars in Thousands) | 2013 | 2012 | 2013 | 2012
Allowance at beginning of period | $ | 18,530 |  | $ | 26,901 |  | $ | 21,483 |  | $ | 30,482 |
(Recovery) provision for loan losses | (517 | ) | 1,622 |  | 39 |  | 3,726 |
Recoveries: |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |
Single-family | 374 |  | 33 |  | 537 |  | 337 |
Construction | — |  | 28 |  | — |  | 28 |
Consumer loans | — |  | — |  | 2 |  | — |
Total recoveries | 374 |  | 61 |  | 539 |  | 365 |
Charge-offs: |  |  |  |  |  |  |  |
Mortgage loans: |  |  |  |  |  |  |  |
Single-family | (1,139 | ) | (3,081 | ) | (4,810 | ) | (9,043 | )
Multi-family | — |  | (534 | ) | — |  | (534 | )
Commercial real estate | (260 | ) | (49 | ) | (260 | ) | (49 | )
Other | (159 | ) | (400 | ) | (159 | ) | (400 | )
Commercial business loans | — |  | (256 | ) | — |  | (256 | )
Consumer loans | (3 | ) | (4 | ) | (6 | ) | (31 | )
Total charge-offs | (1,561 | ) | (4,324 | ) | (5,235 | ) | (10,313 | )
Net charge-offs | (1,187 | ) | (4,263 | ) | (4,696 | ) | (9,948 | )
Balance at end of period | $ | 16,826 |  | $ | 24,260 |  | $ | 16,826 |  | $ | 24,260 |
Allowance for loan losses as a percentage of gross loans held for investment | 2.18 | % | 2.86 | % | 2.18 | % | 2.86 | %
Net charge-offs as a percentage of average loans outstanding during the period (annualized) | 0.49 | % | 1.64 | % | 0.62 | % | 1.23 | %
Allowance for loan losses as a percentage of gross non- performing loans at the end of the period | 73.01 | % | 57.34 | % | 73.01 | % | 57.34 | %
Schedule of Recorded Investment in Non-Performing Loans | The following tables identify the Corporation’s total recorded investment in non-performing loans by type, net of allowance for loan losses at March 31, 2013 and June 30, 2012:
(In Thousands) | March 31, 2013
Recorded Investment | Allowance for Loan Losses (1) | Net Investment
Mortgage loans: |  |  |
Single-family: |  |  |
With a related allowance | $ | 8,770 |  | $ | (2,044 | ) | $ | 6,726 |
Without a related allowance (2) | 8,428 |  | — |  | 8,428 |
Total single-family loans | 17,198 |  | (2,044 | ) | 15,154 |
Multi-family: |  |  |
With a related allowance | 2,211 |  | (552 | ) | 1,659 |
Total multi-family loans | 2,211 |  | (552 | ) | 1,659 |
Commercial real estate: |  |  |
With a related allowance | 1,424 |  | (214 | ) | 1,210 |
Without a related allowance (2) | 1,975 |  | — |  | 1,975 |
Total commercial real estate loans | 3,399 |  | (214 | ) | 3,185 |
Commercial business loans: |  |  |
With a related allowance | 237 |  | (40 | ) | 197 |
Total commercial business loans | 237 |  | (40 | ) | 197 |
Total non-performing loans | $ | 23,045 |  | $ | (2,850 | ) | $ | 20,195 |
(1) | Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan.
(2) | There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the loan balance.
(In Thousands) | June 30, 2012
Recorded Investment | Allowance for Loan Losses (1) | Net Investment
Mortgage loans: |  |  |
Single-family: |  |  |
With a related allowance | $ | 26,214 |  | $ | (5,476 | ) | $ | 20,738 |
Without a related allowance (2) | 8,352 |  | — |  | 8,352 |
Total single-family loans | 34,566 |  | (5,476 | ) | 29,090 |
Multi-family: |  |  |
With a related allowance | 1,806 |  | (349 | ) | 1,457 |
Total multi-family loans | 1,806 |  | (349 | ) | 1,457 |
Commercial real estate: |  |  |
With a related allowance | 3,820 |  | (573 | ) | 3,247 |
Total commercial real estate loans | 3,820 |  | (573 | ) | 3,247 |
Other: |  |  |
Without a related allowance (2) | 522 |  | — |  | 522 |
Total other loans | 522 |  | — |  | 522 |
Commercial business loans: |  |  |
With a related allowance | 246 |  | (74 | ) | 172 |
Total commercial business loans | 246 |  | (74 | ) | 172 |
Total non-performing loans | $ | 40,960 |  | $ | (6,472 | ) | $ | 34,488 |
(1) | Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan.
(2) | There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the loan balance.
Schedule of Aging Analysis of Non-Performing Loans | The following table describes the aging analysis (length of time on non-performing status) of non-performing loans, net of allowance for loan losses or charge offs, as of March 31, 2013:
(In Thousands) | 3 Months or Less | Over 3 to 6 Months | Over 6 to 12 Months | Over 12 Months | Total
Mortgage loans: |  |  |  |  |
Single-family | $ | 1,811 |  | $ | 3,650 |  | $ | 3,094 |  | $ | 6,599 |  | $ | 15,154 |
Multi-family | 383 |  | — |  | 900 |  | 376 |  | 1,659 |
Commercial real estate | — |  | 213 |  | 2,493 |  | 479 |  | 3,185 |
Commercial business loans | 28 |  | — |  | — |  | 169 |  | 197 |
Total | $ | 2,222 |  | $ | 3,863 |  | $ | 6,487 |  | $ | 7,623 |  | $ | 20,195 |
Schedule of Troubled Debt Restructurings by Nonaccrual Versus Accrual Status | The following table summarizes at the dates indicated the restructured loan balances, net of allowance for loan losses, by loan type and non-accrual versus accrual status:
(In Thousands) | March 31, 2013 | June 30, 2012
Restructured loans on non-accrual status: |  |
Mortgage loans: |  |
Single-family | $ | 5,850 |  | $ | 11,995 |
Multi-family | 759 |  | 490 |
Commercial real estate | 1,227 |  | 2,483 |
Other | — |  | 522 |
Commercial business loans | 163 |  | 165 |
Total | 7,999 |  | 15,655 |
Restructured loans on accrual status: |  |  |  |
Mortgage loans: |  |  |  |
Single-family | 2,575 |  | 6,148 |
Multi-family | 2,755 |  | 3,266 |
Commercial business loans | — |  | 33 |
Total | 5,330 |  | 9,447 |
Total restructured loans | $ | 13,329 |  | $ | 25,102 |
The following table shows the restructured loans by type, net of allowance for loan losses, at March 31, 2013 and June 30, 2012:
(In Thousands) | March 31, 2013
Recorded Investment | Allowance for Loan Losses (1) | Net Investment
Mortgage loans: |  |  |
Single-family: |  |  |
With a related allowance | $ | 3,500 |  | $ | (526 | ) | $ | 2,974 |
Without a related allowance (2) | 5,451 |  | — |  | 5,451 |
Total single-family loans | 8,951 |  | (526 | ) | 8,425 |
Multi-family: |  |  |
With a related allowance | 1,012 |  | (253 | ) | 759 |
Without a related allowance (2) | 2,755 |  | — |  | 2,755 |
Total multi-family loans | 3,767 |  | (253 | ) | 3,514 |
Commercial real estate: |  |  |
With a related allowance | 880 |  | (132 | ) | 748 |
Without a related allowance (2) | 479 |  | — |  | 479 |
Total commercial real estate loans | 1,359 |  | (132 | ) | 1,227 |
Commercial business loans: |  |  |
With a related allowance | 187 |  | (24 | ) | 163 |
Total commercial business loans | 187 |  | (24 | ) | 163 |
Total restructured loans | $ | 14,264 |  | $ | (935 | ) | $ | 13,329 |
(1) | Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan.
(2) | There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the loan balance.
(In Thousands) | June 30, 2012
Recorded Investment | Allowance for Loan Losses (1) | Net Investment
Mortgage loans: |  |  |
Single-family: |  |  |
With a related allowance | $ | 9,465 |  | $ | (486 | ) | $ | 8,979 |
Without a related allowance (2) | 9,164 |  | — |  | 9,164 |
Total single-family loans | 18,629 |  | (486 | ) | 18,143 |
Multi-family: |  |  |
With a related allowance | 517 |  | (27 | ) | 490 |
Without a related allowance (2) | 3,266 |  | — |  | 3,266 |
Total multi-family loans | 3,783 |  | (27 | ) | 3,756 |
Commercial real estate: |  |  |
With a related allowance | 2,921 |  | (438 | ) | 2,483 |
Total commercial real estate loans | 2,921 |  | (438 | ) | 2,483 |
Other: |  |  |
Without a related allowance (2) | 522 |  | — |  | 522 |
Total other loans | 522 |  | — |  | 522 |
Commercial business loans: |  |  |
With a related allowance | 236 |  | (71 | ) | 165 |
Without a related allowance (2) | 33 |  | — |  | 33 |
Total commercial business loans | 269 |  | (71 | ) | 198 |
Total restructured loans | $ | 26,124 |  | $ | (1,022 | ) | $ | 25,102 |
(1) | Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan.
(2) | There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the loan balance.

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