XML 45 R27.htm IDEA: XBRL DOCUMENT
v3.19.2

Reportable Segments | 12 Months Ended
--- | ---
Jun. 30, 2019
Segment Reporting [Abstract] |
Reportable Segments | Note 18: Reportable Segments The segment reporting is organized consistent with the Corporation’s executive summary and operating strategy. The business activities of the Corporation consist primarily of the Bank. The Bank’s operations primarily consist of accepting deposits from customers within the communities surrounding the Bank’s full service offices and investing those funds in single-family, multi-family, commercial real estate, construction, commercial business, consumer, and other mortgage loans. Management monitors the revenue and expense components of the various products and services the Bank offers, but operations are managed and financial performance is evaluated on a Corporation-wide basis in comparison to a business plan which is developed each year. Accordingly, all operations are considered by management to be one operating segment and one reportable segment. The following table illustrates the Corporation’s single operating segment, the Bank, for the fiscal years ended June 30, 2019 and 2018, respectively:
| Year Ended June 30, |
(In Thousands) | 2019 | 2018
Net interest income | $ | 38,170 |  |  |  | $ | 36,300 |
Provision (recovery) for loan losses | (475 | ) |  | (536 | )
Net interest income, after provision (recovery) for loan losses | 38,645 |  |  | 36,836 |
Non-interest income: |  |
Loan servicing and other fees | 1,051 |  |  | 1,575 |
Gain on sale of loans, net | 7,135 |  |  | 15,802 |
Deposit account fees | 1,928 |  |  | 2,119 |
Loss on sale and operations of real estate owned acquired in the settlement of loans, net | (4 | ) |  | (86 | )
Card and processing fees | 1,568 |  |  | 1,541 |
Other | 833 |  |  | 944 |
Total non-interest income | 12,511 |  |  | 21,895 |
Non-interest expense: |  |  |
Salaries and employee benefits(1) | 30,149 |  |  | 34,821 |
Premises and occupancy(2) | 5,038 |  |  | 5,134 |
Operating and administrative expenses(3) | 10,049 |  |  | 13,249 |
Total non-interest expense | 45,236 |  |  | 53,204 |
Income (loss) before taxes | 5,920 |  |  | 5,527 |
Provision (benefit) for income taxes(4) | 1,503 |  |  | 3,396 |
Net income (loss) | $ | 4,417 |  |  |  | $ | 2,131 |
Total assets, end of period | $ | 1,084,850 |  |  |  | $ | 1,175,549 |
(1) | Includes $1.7 million of non-recurring expenses related to scaling back of the origination of saleable single-family mortgage loans for the fiscal year ended June 30, 2019.
(2) | Includes $0.3 million of non-recurring expenses related to scaling back of the origination of saleable single-family mortgage loans for the fiscal year ended June 30, 2019.
(3) | Includes $0.8 million of non-recurring equipment expenses related to scaling back of the origination of saleable single-family mortgage loans for the fiscal year ended June 30, 2019; and includes $3.4 million of litigation settlement expenses for the fiscal year ended June 30, 2018.
(4) | Includes a net tax charge of $1.8 million resulting from the revaluation of net deferred tax assets consistent with the Tax Act for the fiscal year ended June 30, 2018.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration