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Loans Held For Investment (Tables)
 12 Months Ended
Jun. 30, 2015
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Allowance for Loan Losses and Recorded Investment [Table Text Block]
The following tables summarize the Corporation’s allowance for loan losses and recorded investment in gross loans, by portfolio type, at the dates and for the periods indicated.
 
 
Year Ended June 30, 2015
(In Thousands)
Single-family
Multi-family
Commercial Real Estate
Construction
Commercial Business
Consumer
Total
 
 
 
 
 
 
 
 
 
Allowance at beginning of period
$
5,476

$
3,142

$
989

$
35

$
92

$
10

$
9,744

(Recovery) provision for loan losses
(279
)
(882
)
(182
)
7

(49
)
(2
)
(1,387
)
Recoveries
635

360

—

—

—

1

996

Charge-offs
(552
)
(4
)
(73
)
—

—

—

(629
)
 
Allowance for loan losses, end of
  period
$
5,280

$
2,616

$
734

$
42

$
43

$
9

$
8,724

 
 
 
 
 
 
 
 
 
Allowance:
 
 
 
 
 
 
 
Individually evaluated for impairment
$
78

$
—

$
—

$
—

$
20

$
—

$
98

Collectively evaluated for impairment
5,202

2,616

734

42

23

9

8,626

 
Allowance for loan losses, end of
  period
$
5,280

$
2,616

$
734

$
42

$
43

$
9

$
8,724

 
 
 
 
 
 
 
 
 
Gross Loans:
 
 
 
 
 
 
 
Individually evaluated for impairment
$
7,949

$
2,246

$
1,699

$
—

$
109

$
—

$
12,003

Collectively evaluated for impairment
358,012

344,774

99,198

8,191

557

244

810,976

 
Total loans held for investment,
  gross
$
365,961

$
347,020

$
100,897

$
8,191

$
666

$
244

$
822,979

Allowance for loan losses as a
  percentage of gross loans held for
  investment
1.44
%
0.75
%
0.73
%
0.51
%
6.46
%
3.69
%
1.06
%

 
 
Year Ended June 30, 2014
(In Thousands)
Single-family
Multi-family
Commercial Real Estate
Construction
Commercial Business
Consumer
Total
 
 
 
 
 
 
 
 
 
Allowance at beginning of period
$
9,062

$
4,689

$
1,053

$
—

$
119

$
12

$
14,935

(Recovery) provision for loan losses
(3,183
)
(130
)
(64
)
15

(18
)
—

(3,380
)
Recoveries
562

345

—

20

—

2

929

Charge-offs
(965
)
(1,762
)
—

—

(9
)
(4
)
(2,740
)
 
Allowance for loan losses, end of
  period
$
5,476

$
3,142

$
989

$
35

$
92

$
10

$
9,744

 
 
 
 
 
 
 
 
 
Allowance:
 
 
 
 
 
 
 
Individually evaluated for impairment
$
—

$
—

$
—

$
—

$
41

$
—

$
41

Collectively evaluated for impairment
5,476

3,142

989

35

51

10

9,703

 
Allowance for loan losses, end of
  period
$
5,476

$
3,142

$
989

$
35

$
92

$
10

$
9,744

 
 
 
 
 
 
 
 
 
Gross Loans:
 
 
 
 
 
 
 
Individually evaluated for impairment
$
6,067

$
2,491

$
2,352

$
—

$
122

$
—

$
11,032

Collectively evaluated for impairment
371,757

298,700

94,429

2,869

1,115

306

769,176

 
Total loans held for investment,
  gross
$
377,824

$
301,191

$
96,781

$
2,869

$
1,237

$
306

$
780,208

Allowance for loan losses as a
  percentage of gross loans held for
  investment
1.45
%
1.04
%
1.02
%
1.22
%
7.44
%
3.27
%
1.25
%
Schedule of Loans Held for Investment
Loans held for investment consisted of the following at June 30, 2015 and 2014:
(In Thousands)
June 30, 2015
June 30,
2014
Mortgage loans:
 
 
Single-family
$
365,961

$
377,824

Multi-family
347,020

301,191

Commercial real estate
100,897

96,781

Construction
8,191

2,869

Commercial business loans
666

1,237

Consumer loans
244

306

Total loans held for investment, gross
822,979

780,208

 
 
 
Undisbursed loan funds
(3,360
)
(1,090
)
Advance payments of escrows
199

215

Deferred loan costs, net
3,140

2,552

Allowance for loan losses
(8,724
)
(9,744
)
Total loans held for investment, net
$
814,234

$
772,141
Schedule of Gross Loans Held for Investment by Loan Types and Risk Category [Table Text Block]
The following tables summarize gross loans held for investment by loan types and risk category at the dates indicated:
 
 
June 30, 2015
(In Thousands)
Single-family
Multi-family
Commercial Real Estate
Construction
Commercial Business
Consumer
Total
 
 
 
 
 
 
 
 
 
Pass
$
347,301

$
339,093

$
98,254

$
8,191

$
557

$
244

$
793,640

Special Mention
7,766

413

—

—

—

—

8,179

Substandard
10,894

7,514

2,643

—

109

—

21,160

 
Total loans held for
   investment, gross
$
365,961

$
347,020

$
100,897

$
8,191

$
666

$
244

$
822,979


 
 
June 30, 2014
(In Thousands)
Single-family
Multi-family
Commercial Real Estate
Construction
Commercial Business
Consumer
Total
 
 
 
 
 
 
 
 
 
Pass
$
363,440

$
285,111

$
90,431

$
2,869

$
1,078

$
306

$
743,235

Special Mention
2,140

7,256

—

—

22

—

9,418

Substandard
12,244

8,824

6,350

—

137

—

27,555

 
Total loans held for
   investment, gross
$
377,824

$
301,191

$
96,781

$
2,869

$
1,237

$
306

$
780,208
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
$
299,507

$
4,175

$
45,742

$
2,889

$
13,648

$
365,961

Multi-family
65,323

83,282

187,790

6,050

4,575

347,020

Commercial real estate
19,520

27,039

45,102

—

9,236

100,897

Construction
1,200

—

1,744

—

5,247

8,191

Commercial business loans
289

—

119

—

258

666

Consumer loans
236

—

—

—

8

244

Total loans held for investment, gross
$
386,075

$
114,496

$
280,497

$
8,939

$
32,972

$
822,979
Schedule of Allowance for Loan Losses
The following summarizes the components of the net change in the allowance for loan losses for the periods indicated:
(In Thousands)
Year Ended June 30,
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
Balance, beginning of year
$
9,744

 
$
14,935

 
$
21,483

 
Recovery from the allowance for loan losses
(1,387
)
 
(3,380
)
 
(1,499
)
 
Recoveries
996

 
929

 
762

 
Charge-offs
(629
)
 
(2,740
)
 
(5,811
)
 
Balance, end of year
$
8,724

 
$
9,744

 
$
14,935

 
Schedule of Recorded Investment in Non-Performing Loans
 
 
 
At or For the Year Ended June 30, 2015
 
 
 
Unpaid
 
 
 
Net
Average
Interest
 
 
 
Principal
Related
Recorded
 
Recorded
Recorded
Income
(In Thousands)
Balance
Charge-offs
Investment
Allowance(1)
Investment
Investment
Recognized
 
 
 
 
 
 
 
 
 
 
Mortgage loans:
 
 
 
 
 
 
 
 
Single-family:
 
 
 
 
 
 
 
 
 
With a related allowance
$
3,881

$
—

$
3,881

$
(630
)
$
3,251

$
1,869

$
109

 
 
Without a related allowance(2)
8,462

(1,801
)
6,661

—

6,661

6,956

83

 
Total single-family
12,343

(1,801
)
10,542

(630
)
9,912

8,825

192

 
 
 
 
 
 
 
 
 
 
 
Multi-family:
 
 
 
 
 
 
 
 
 
With a related allowance
—

—

—

—

—

113

13

 
 
Without a related allowance(2)
3,506

(1,260
)
2,246

—

2,246

2,331

5

 
Total multi-family
3,506

(1,260
)
2,246

—

2,246

2,444

18

 
 
 
 
 
 
 
 
 
 
 
Commercial real estate:
 
 
 
 
 
 
 
 
 
Without a related allowance(2)
1,699

—

1,699

—

1,699

1,830

170

 
Total commercial real estate
1,699

—

1,699

—

1,699

1,830

170

 
 
 
 
 
 
 
 
 
 
Commercial business loans:
 
 
 
 
 
 
 
 
With a related allowance
109

—

109

(20
)
89

121

9

Total commercial business loans
109

—

109

(20
)
89

121

9

 
 
 
 
 
 
 
 
 
 
Total non-performing loans
$
17,657

$
(3,061
)
$
14,596

$
(650
)
$
13,946

$
13,220

$
389


(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.


 
 
 
At or For the Year Ended June 30, 2014
 
 
 
Unpaid
 
 
 
Net
Average
Interest
 
 
 
Principal
Related
Recorded
 
Recorded
Recorded
Income
(In Thousands)
Balance
Charge-offs
Investment
Allowance(1)
Investment
Investment
Recognized
 
 
 
 
 
 
 
 
 
 
Mortgage loans:
 
 
 
 
 
 
 
 
Single-family:
 
 
 
 
 
 
 
 
 
With a related allowance
$
5,480

$
—

$
5,480

$
(1,148
)
$
4,332

$
5,795

$
162

 
 
Without a related allowance(2)
8,208

(2,141
)
6,067

—

6,067

6,094

89

 
Total single-family
13,688

(2,141
)
11,547

(1,148
)
10,399

11,889

251

 
 
 
 
 
 
 
 
 
 
 
Multi-family:
 
 
 
 
 
 
 
 
 
With a related allowance
956

—

956

(354
)
602

994

57

 
 
Without a related allowance(2)
4,146

(1,655
)
2,491

—

2,491

2,716

73

 
Total multi-family
5,102

(1,655
)
3,447

(354
)
3,093

3,710

130

 
 
 
 
 
 
 
 
 
 
 
Commercial real estate:
 
 
 
 
 
 
 
 
 
With a related allowance
—

—

—

—

—

—

28

 
 
Without a related allowance(2)
2,352

—

2,352

—

2,352

3,215

312

 
Total commercial real estate
2,352

—

2,352

—

2,352

3,215

340

 
 
 
 
 
 
 
 
 
 
Commercial business loans:
 
 
 
 
 
 
 
 
With a related allowance
138

—

138

(46
)
92

183

17

 
Without a related allowance(2)
—

—

—

—

—

—

5

Total commercial business loans
138

—

138

(46
)
92

183

22

 
 
 
 
 
 
 
 
 
 
Total non-performing loans
$
21,280

$
(3,796
)
$
17,484

$
(1,548
)
$
15,936

$
18,997

$
743


(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 tables denote the past due status of the Corporation's loans held for investment, gross, at the dates indicated.
 
 
June 30, 2015
(In Thousands)
Current
30-89 Days Past Due
Non-Accrual(1)
Total Loans Held for Investment, Gross
 
 
 
 
 
 
Mortgage loans:
 
 
 
 
 
Single-family
$
354,082

$
1,335

$
10,544

$
365,961

 
Multi-family
344,774

—

2,246

347,020

 
Commercial real estate
99,198

—

1,699

100,897

 
Construction
8,191

—

—

8,191

Commercial business loans
557

—

109

666

Consumer loans
244

—

—

244

 
Total loans held for investment, gross
$
807,046

$
1,335

$
14,598

$
822,979


(1) All loans 90 days or greater past due are placed on non-accrual status.
 
 
June 30, 2014
(In Thousands)
Current
30-89 Days Past Due
Non-Accrual(1)
Total Loans Held for Investment, Gross
 
 
 
 
 
 
Mortgage loans:
 
 
 
 
 
Single-family
$
365,955

$
322

$
11,547

$
377,824

 
Multi-family
297,744

—

3,447

301,191

 
Commercial real estate
94,429

—

2,352

96,781

 
Construction
2,869

—

—

2,869

Commercial business loans
1,099

—

138

1,237

Consumer loans
306

—

—

306

 
Total loans held for investment, gross
$
762,402

$
322

$
17,484

$
780,208

 
(1) All loans 90 days or greater past due are placed on non-accrual status.
Effect of Nonperforming Loans on Interest Income
The effect of the non-performing loans on interest income for the years ended June 30, 2015, 2014 and 2013 is presented below:
(In Thousands)
Year Ended June 30,
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
Contractual interest due
$
805

 
$
1,346

 
$
1,763

 
Interest collected
(704
)
 
(546
)
 
(885
)
 
Net foregone interest
$
101

 
$
800

 
$
878

 
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 or charge-offs, by loan type and non-accrual versus accrual status at June 30, 2015 and 2014:
(In Thousands)
June 30, 2015
June 30, 2014
Restructured loans on non-accrual status:
 
 
Mortgage loans:
 
 
Single-family
$
2,902

$
2,957

Multi-family
1,593

1,760

Commercial real estate
1,019

800

Commercial business loans
89

92

Total
5,603

5,609

 
 
 
Restructured loans on accrual status:
 

 

Mortgage loans:
 

 

Single-family
989

343

Total
989

343

Total restructured loans
$
6,592

$
5,952

The following table shows the restructured loans by type, net of allowance for loan losses or charge-offs, at June 30, 2015 and 2014:
 
 
 
At June 30, 2015
 
 
 
Unpaid
 
 
 
Net
 
 
 
Principal
Related
Recorded
 
Recorded
(In Thousands)
Balance
Charge-offs
Investment
Allowance(1)
Investment
 
 
 
 
 
 
 
 
Mortgage loans:
 
 
 
 
 
 
Single-family:
 
 
 
 
 
 
 
With a related allowance
$
576

$
—

$
576

$
(115
)
$
461

 
 
Without a related allowance(2)
4,397

(967
)
3,430

—

3,430

 
Total single-family
4,973

(967
)
4,006

(115
)
3,891

 
 
 
 
 
 
 
 
 
Multi-family:
 
 
 
 
 
 
 
Without a related allowance(2)
2,795

(1,202
)
1,593

—

1,593

 
Total multi-family
2,795

(1,202
)
1,593

—

1,593

 
 
 
 
 
 
 
 
 
Commercial real estate:
 
 
 
 
 
 
 
Without a related allowance(2)
1,019

—

1,019

—

1,019

 
Total commercial real estate
1,019

—

1,019

—

1,019

 
 
 
 
 
 
 
 
Commercial business loans:
 
 
 
 
 
 
With a related allowance
109

—

109

(20
)
89

Total commercial business loans
109

—

109

(20
)
89

 
 
 
 
 
 
 
 
Total restructured loans
$
8,896

$
(2,169
)
$
6,727

$
(135
)
$
6,592
Schedule of Recorded Investment in Restructured Loans [Table Text Block]
The following table shows the restructured loans by type, net of allowance for loan losses or charge-offs, at June 30, 2015 and 2014:
 
 
 
At June 30, 2015
 
 
 
Unpaid
 
 
 
Net
 
 
 
Principal
Related
Recorded
 
Recorded
(In Thousands)
Balance
Charge-offs
Investment
Allowance(1)
Investment
 
 
 
 
 
 
 
 
Mortgage loans:
 
 
 
 
 
 
Single-family:
 
 
 
 
 
 
 
With a related allowance
$
576

$
—

$
576

$
(115
)
$
461

 
 
Without a related allowance(2)
4,397

(967
)
3,430

—

3,430

 
Total single-family
4,973

(967
)
4,006

(115
)
3,891

 
 
 
 
 
 
 
 
 
Multi-family:
 
 
 
 
 
 
 
Without a related allowance(2)
2,795

(1,202
)
1,593

—

1,593

 
Total multi-family
2,795

(1,202
)
1,593

—

1,593

 
 
 
 
 
 
 
 
 
Commercial real estate:
 
 
 
 
 
 
 
Without a related allowance(2)
1,019

—

1,019

—

1,019

 
Total commercial real estate
1,019

—

1,019

—

1,019

 
 
 
 
 
 
 
 
Commercial business loans:
 
 
 
 
 
 
With a related allowance
109

—

109

(20
)
89

Total commercial business loans
109

—

109

(20
)
89

 
 
 
 
 
 
 
 
Total restructured loans
$
8,896

$
(2,169
)
$
6,727

$
(135
)
$
6,592



(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.

 
 
 
At June 30, 2014
 
 
 
Unpaid
 
 
 
Net
 
 
 
Principal
Related
Recorded
 
Recorded
(In Thousands)
Balance
Charge-offs
Investment
Allowance(1)
Investment
 
 
 
 
 
 
 
 
Mortgage loans:
 
 
 
 
 
 
Single-family
 
 
 
 
 
 
 
With a related allowance
$
994

$
—

$
994

$
(248
)
$
746

 
 
Without a related allowance(2)
3,564

(1,010
)
2,554

—

2,554

 
Total single-family
4,558

(1,010
)
3,548

(248
)
3,300

 
 
 
 
 
 
 
 
 
Multi-family:
 
 
 
 
 
 
 
Without a related allowance(2)
3,138

(1,378
)
1,760

—

1,760

 
Total multi-family
3,138

(1,378
)
1,760

—

1,760

 
 
 
 
 
 
 
 
 
Commercial real estate:
 
 
 
 
 
 
 
Without a related allowance(2)
800

—

800

—

800

 
Total commercial real estate
800

—

800

—

800

 
 
 
 
 
 
 
 
Commercial business loans:
 
 
 
 
 
 
With a related allowance
138

—

138

(46
)
92

Total commercial business loans
138

—

138

(46
)
92

 
 
 
 
 
 
 
 
Total restructured loans
$
8,634

$
(2,388
)
$
6,246

$
(294
)
$
5,952


(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.
Summary of Related Party Loan Activity
The following is a summary of related-party loan activity:
(In Thousands)
Year Ended June 30,
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
Balance, beginning of year
$
2,011

 
$
2,024

 
$
2,030

 
Originations
3,555

 
691

 
3,581

 
Sales and payments
(3,199
)
 
(704
)
 
(3,587
)
 
Balance, end of year
$
2,367

 
$
2,011

 
$
2,024