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Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables)
 12 Months Ended
Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Undisbursed Funds Commitments
The following table provides information at the dates indicated regarding undisbursed funds to borrowers on existing lines of credit with the Corporation as well as commitments to originate loans to be held for investment at the dates indicated below:
Commitments
June 30,
2018
June 30,
2017
(Dollars In Thousands)
 
 
Undisbursed loan funds – Construction loans
$
4,302

$
9,015

Undisbursed lines of credit – Commercial business loans
495

646

Undisbursed lines of credit – Consumer loans
503

562

Commitments to extend credit on loans to be held for investment
9,352

19,119

Total
$
14,652

$
29,342
Schedule of Allowance for Loan Losses of Undisbursed Funds and Commitments on Loans Held for Investment
The following table provides information regarding the allowance for loan losses for the undisbursed funds and commitments to extend credit on loans to be held for investment for the years ended June 30, 2018 and 2017 :
 
For the Year Ended
June 30,
(In Thousands)
2018
2017
Balance, beginning of the year
$
277

$
204

(Recovery) provision
(120
)
73

Balance, end of the year
$
157

$
277
Schedule of Impact of Derivative Financial Instruments on Gain on Sale of Loans
The net impact of derivative financial instruments on the gain on sale of loans contained in the Consolidated Statements of Operations for the years ended June 30, 2018, 2017 and 2016 was as follows:

(In Thousands)
For the Year Ended June 30,
Derivative Financial Instruments
2018
2017
2016
 
 
 
 
Commitments to extend credit on loans to be held for sale
$
16

$
(2,976
)
$
2,286

Mandatory loan sale commitments and TBA MBS trades
(1,026
)
3,782

(3,937
)
Option contracts
(37
)
260

(112
)
Total net (loss) gain
$
(1,047
)
$
1,066

$
(1,763
)
Schedule of Outstanding Derivative Instruments
The outstanding derivative financial instruments at the dates indicated were as follows:
(In Thousands)
June 30, 2018
 
June 30, 2017
Derivative Financial Instruments
Amount
Fair
Value
 
Amount
Fair
Value
 
 
 
 
 
 
Commitments to extend credit on loans to be held for sale(1)
$
56,906

$
825

 
$
92,726

$
809

Best efforts loan sale commitments
(29,502
)
—

 
(17,225
)
—

Mandatory loan sale commitments and TBA MBS trades
(117,759
)
(440
)
 
(179,777
)
586

Option contracts
—

—

 
(3,000
)
37

Total
$
(90,355
)
$
385

 
$
(107,276
)
$
1,432


(1) 
Net of 24.7% at June 30, 2018 and 25.7% at June 30, 2017 of commitments, which management has estimated may not fund.