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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Jun. 30, 2019
Fair Value Disclosures [Abstract] |
Schedule of Aggregate Fair Value and Aggregate Unpaid Principal Balance of Loans Held for Sale |
(In Thousands) |  | Aggregate Fair Value |  |  | Aggregate Unpaid Principal Balance |  |  | Net Unrealized Gain (Loss) |
As of June 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |
Loans held for investment, at fair value |  | $ | 5,094 |  |  | $ | 5,218 |  |  | $ | (124 | )
Loans held for sale, at fair value |  | $ | - |  |  | $ | - |  |  | $ | - |
As of June 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |
Loans held for investment, at fair value |  | $ | 5,234 |  |  | $ | 5,546 |  |  | $ | (312 | )
Loans held for sale, at fair value |  | $ | 96,298 |  |  | $ | 93,791 |  |  | $ | 2,507 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
|  | Fair Value Measurement at June 30, 2019 Using: |
(In Thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment securities - available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agency MBS |  | $ | — |  |  | $ | 3,613 |  |  | $ | — |  |  | $ | 3,613 |
U.S. government sponsored enterprise MBS |  |  | — |  |  |  | 2,087 |  |  |  | — |  |  |  | 2,087 |
Private issue CMO |  |  | — |  |  |  | — |  |  |  | 269 |  |  |  | 269 |
Investment securities - available for sale |  |  | — |  |  |  | 5,700 |  |  |  | 269 |  |  |  | 5,969 |
Loans held for investment, at fair value |  |  | — |  |  |  | — |  |  |  | 5,094 |  |  |  | 5,094 |
Interest-only strips |  |  | — |  |  |  | — |  |  |  | 16 |  |  |  | 16 |
Total assets |  | $ | — |  |  | $ | 5,700 |  |  | $ | 5,379 |  |  | $ | 11,079 |
Liabilities: |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total liabilities |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Fair Value Measurement at June 30, 2018 Using: |
(In Thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment securities - available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government agency MBS |  | $ | — |  |  | $ | 4,384 |  |  | $ | — |  |  | $ | 4,384 |
U.S. government sponsored enterprise MBS |  |  | — |  |  |  | 2,762 |  |  |  | — |  |  |  | 2,762 |
Private issue CMO |  |  | — |  |  |  | — |  |  |  | 350 |  |  |  | 350 |
Investment securities - available for sale |  |  | — |  |  |  | 7,146 |  |  |  | 350 |  |  |  | 7,496 |
Loans held for investment, at fair value |  |  | — |  |  |  | — |  |  |  | 5,234 |  |  |  | 5,234 |
Loans held for sale, at fair value |  |  | — |  |  |  | 96,298 |  |  |  | — |  |  |  | 96,298 |
Interest-only strips |  |  | — |  |  |  | — |  |  |  | 23 |  |  |  | 23 |
Derivative assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commitments to extend credit on loans to be held for sale |  |  | — |  |  |  | — |  |  |  | 849 |  |  |  | 849 |
Derivative assets |  |  | — |  |  |  | — |  |  |  | 849 |  |  |  | 849 |
Total assets |  | $ | — |  |  | $ | 103,444 |  |  | $ | 6,456 |  |  | $ | 109,900 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commitments to extend credit on loans to be held for sale |  | $ | — |  |  | $ | — |  |  | $ | 24 |  |  | $ | 24 |
Mandatory loan sale commitments |  |  | — |  |  |  | — |  |  |  | 32 |  |  |  | 32 |
TBA MBS trades |  |  | — |  |  |  | 408 |  |  |  | — |  |  |  | 408 |
Derivative liabilities |  |  | — |  |  |  | 408 |  |  |  | 56 |  |  |  | 464 |
Total liabilities |  | $ | — |  |  | $ | 408 |  |  | $ | 56 |  |  | $ | 464 |
Schedule for Reconciliation of Recurring Fair Value Measurements Using Level 3 Inputs |
| Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3)
(In Thousands) | Private Issue CMO | Loans Held For Investment, at fair value(1) | Interest- Only Strips | Loan Commit- ments to Originate(2) | Manda- tory Commit- ments(3) | Option Contracts | Total
Beginning balance at June 30, 2018 | $ | 350 |  | $ | 5,234 |  | $ | 23 |  | $ | 825 |  | $ | (32 | ) | $ | — |  | $ | 6,400 |
Total gains or losses (realized/ unrealized): |  |  |  |  |  |  |
Included in earnings | — |  | 188 |  | — |  | (825 | ) | 19 |  | — |  | (618 | )
Included in other comprehensive income (loss) | 4 |  | — |  | (7 | ) | — |  | — |  | — |  | (3 | )
Purchases | — |  | — |  | — |  | — |  | — |  | — |  | — |
Issuances | — |  | — |  | — |  | — |  | — |  | — |  | — |
Settlements | (85 | ) | (1,288 | ) | — |  | — |  | 13 |  | — |  | (1,360 | )
Transfers in and/or out of Level 3 | — |  | 960 |  | — |  | — |  | — |  | — |  | 960 |
Ending balance at June 30, 2019 | $ | 269 |  | $ | 5,094 |  | $ | 16 |  | $ | — |  | $ | — |  | $ | — |  | $ | 5,379 |
(1) | The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for interest rate characteristics.
(2) | Consists of commitments to extend credit on loans to be held for sale.
(3) | Consists of mandatory loan sale commitments.
| Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3)
(In Thousands) | Private Issue CMO | Loans Held For Investment, at fair value(1) | Interest- Only Strips | Loan Commit- ments to Originate(2) | Manda- tory Commit- ments(3) | Option Contracts | Total
Beginning balance at June 30, 2017 | $ | 461 |  | $ | 6,445 |  | $ | 31 |  | $ | 809 |  | $ | 47 |  | $ | 37 |  | $ | 7,830 |
Total gains or losses (realized/ unrealized): |  |  |  |  |  |  |
Included in earnings | — |  | (60 | ) | — |  | 16 |  | (87 | ) | (37 | ) | (168 | )
Included in other comprehensive income (loss) | (1 | ) | — |  | (8 | ) | — |  | — |  | — |  | (9 | )
Purchases | — |  | — |  | — |  | — |  | — |  | — |  | — |
Issuances | — |  | — |  | — |  | — |  | — |  | — |  | — |
Settlements | (110 | ) | (2,242 | ) | — |  | — |  | 8 |  | — |  | (2,344 | )
Transfers in and/or out of Level 3 | — |  | 1,091 |  | — |  | — |  | — |  | — |  | 1,091 |
Ending balance at June 30, 2018 | $ | 350 |  | $ | 5,234 |  | $ | 23 |  | $ | 825 |  | $ | (32 | ) | $ | — |  | $ | 6,400 |
(1) | The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for interest rate characteristics.
(2) | Consists of commitments to extend credit on loans to be held for sale.
(3) | Consists of mandatory loan sale commitments.
Schedule of Fair Value Assets Measured on Nonrecurring Basis |
|  | Fair Value Measurement at June 30, 2019 Using: |
(In Thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Non-performing loans |  | $ | — |  |  | $ | 3,971 |  |  | $ | 2,247 |  |  | $ | 6,218 |
Mortgage servicing assets |  |  | — |  |  |  | — |  |  |  | 627 |  |  |  | 627 |
Real estate owned, net |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | — |  |  | $ | 3,971 |  |  | $ | 2,874 |  |  | $ | 6,845 |
|  | Fair Value Measurement at June 30, 2018 Using: |
(In Thousands) |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Non-performing loans |  | $ | — |  |  | $ | 4,845 |  |  | $ | 1,212 |  |  | $ | 6,057 |
Mortgage servicing assets |  |  | — |  |  |  | — |  |  |  | 135 |  |  |  | 135 |
Real estate owned, net |  |  | — |  |  |  | 906 |  |  |  | — |  |  |  | 906 |
Total |  | $ | — |  |  | $ | 5,751 |  |  | $ | 1,347 |  |  | $ | 7,098 |
Schedule of Additional Information About Valuation Techniques and Inputs Used for Assets and Liabilities |
(Dollars In Thousands) | Fair Value As of June 30, 2019 | Valuation Techniques | Unobservable Inputs | Range(1) (Weighted Average) | Impact to Valuation from an Increase in Inputs(2)
Assets: |  |  |  |  |
Securities available-for sale: Private issue CMO | $ | 269 |  | Market comparable pricing | Comparability adjustment | 2.5% - 2.9% (2.8%) | Increase
Loans held for investment, at fair value | $ | 5,094 |  | Relative value analysis | Broker quotes Credit risk factor | 98.7% - 104.3% (102.0%) of par 1.2% - 100.0% (4.3%) | Increase Decrease
Non-performing loans(3) | $ | 693 |  | Discounted cash flow | Default rates | 5.0% | Decrease
Non-performing loans(4) | $ | 1,554 |  | Relative value analysis | Credit risk factor | 20.0% - 30.0% (19.9%) | Decrease
Mortgage servicing assets | $ | 627 |  | Discounted cash flow | Prepayment speed (CPR) Discount rate | 14.6% - 60.0% (23.9%) 9.0% - 10.5% (9.1%) | Decrease Decrease
Interest-only strips | $ | 16 |  | Discounted cash flow | Prepayment speed (CPR) Discount rate | 19.7% - 39.1% (37.7%) 9.0% | Decrease Decrease
Liabilities: |  |  |  |  |
None |  |  |  |  |  |  |
(1) | The range is based on the historical estimated fair values and management estimates.
(2) | Unless otherwise noted, this column represents the directional change in the fair value of the Level 3 investments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant changes in these inputs in isolation could result in significantly higher or lower fair value measurements.
(3) | Consist of restructured loans.
(4) | Consist of other non-performing loans, excluding restructured loans.
Schedule of Carrying Amount and Fair Value of Financial Instruments |
|  | June 30, 2019 |
(In Thousands) |  | Carrying Amount |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans held for investment, not recorded at fair value |  | $ | 874,831 |  |  | $ | 861,374 |  |  | $ | — |  |  | $ | — |  |  | $ | 861,374 |
Investment securities - held to maturity |  | $ | 94,090 |  |  | $ | 95,359 |  |  | $ | — |  |  | $ | 95,359 |  |  | $ | — |
FHLB – San Francisco stock |  | $ | 8,199 |  |  | $ | 8,199 |  |  | $ | — |  |  | $ | 8,199 |  |  | $ | — |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 841,271 |  |  | $ | 813,087 |  |  | $ | — |  |  | $ | — |  |  | $ | 813,087 |
Borrowings |  | $ | 101,107 |  |  | $ | 102,826 |  |  | $ | — |  |  | $ | — |  |  | $ | 102,826 |
|  | June 30, 2018 |
(In Thousands) |  | Carrying Amount |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans held for investment, not recorded at fair value |  | $ | 897,451 |  |  | $ | 873,112 |  |  | $ | — |  |  | $ | — |  |  | $ | 873,112 |
Investment securities - held to maturity |  | $ | 87,813 |  |  | $ | 87,239 |  |  | $ | — |  |  | $ | 87,239 |  |  | $ | — |
FHLB – San Francisco stock |  | $ | 8,199 |  |  | $ | 8,199 |  |  | $ | — |  |  | $ | 8,199 |  |  | $ | — |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 907,598 |  |  | $ | 877,641 |  |  | $ | — |  |  | $ | — |  |  | $ | 877,641 |
Borrowings |  | $ | 126,163 |  |  | $ | 123,778 |  |  | $ | — |  |  | $ | — |  |  | $ | 123,778 |

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