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Offsetting Derivative and Other Financial Instruments | 6 Months Ended
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Dec. 31, 2018
Offsetting [Abstract] |
Offsetting Derivative and Other Financial Instruments | Note 11: Offsetting Derivative and Other Financial Instruments The Corporation’s derivative transactions are generally governed by International Swaps and Derivatives Association Master Agreements and similar arrangements, which include provisions governing the setoff of assets and liabilities between the parties. When the Corporation has more than one outstanding derivative transaction with a single counterparty, the setoff provisions contained within these agreements generally allow the non-defaulting party the right to reduce its liability to the defaulting party by amounts eligible for setoff, including the collateral received as well as eligible offsetting transactions with that counterparty, irrespective of the currency, place of payment, or booking office. The Corporation’s policy is to present its derivative assets and derivative liabilities on the Condensed Consolidated Statements of Financial Condition on a net basis. The derivative assets and liabilities are comprised of mandatory loan sale commitments, TBA MBS trades and option contracts. The following tables present the gross and net amounts of derivative assets and liabilities and other financial instruments as reported in the Corporation’s Condensed Consolidated Statement of Financial Condition, and the gross amount not offset in the Corporation’s Condensed Consolidated Statement of Financial Condition as of the dates indicated. As of December 31, 2018:
|  |  |  |  | Gross |  |  | Net |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Amount |  |  | Amount |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Offset in the |  |  | of Assets in |  |  | Gross Amount Not Offset in |  |  |  |
|  |  |  |  | Condensed |  |  | the Condensed |  |  | the Condensed Consolidated |  |  |  |
|  | Gross |  |  | Consolidated |  |  | Consolidated |  |  | Statements of Financial Condition |  |  |  |
|  | Amount of |  |  | Statements |  |  | Statements |  |  |  |  |  | Cash |  |  |  |
|  | Recognized |  |  | of Financial |  |  | of Financial |  |  | Financial |  |  | Collateral |  |  | Net |
(In Thousands) |  | Assets |  |  | Condition |  |  | Condition |  |  | Instruments |  |  | Received |  |  | Amount |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Total |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
|  |  |  |  | Gross |  |  | Net |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Amount |  |  | Amount |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Offset in the |  |  | of Liabilities in |  |  | Gross Amount Not Offset in |  |  |  |
|  |  |  |  | Condensed |  |  | the Condensed |  |  | the Condensed Consolidated |  |  |  |
|  | Gross |  |  | Consolidated |  |  | Consolidated |  |  | Statements of Financial Condition |  |  |  |
|  | Amount of |  |  | Statements |  |  | Statements |  |  |  |  |  | Cash |  |  |  |
|  | Recognized |  |  | of Financial |  |  | of Financial |  |  | Financial |  |  | Collateral |  |  | Net |
(In Thousands) |  | Liabilities |  |  | Condition |  |  | Condition |  |  | Instruments |  |  | Received |  |  | Amount |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 690 |  |  | $ | — |  |  | $ | 690 |  |  | $ | — |  |  | $ | — |  |  | $ | 690 |
Total |  | $ | 690 |  |  | $ | — |  |  | $ | 690 |  |  | $ | — |  |  | $ | — |  |  | $ | 690 |
As of June 30, 2018:
|  |  |  |  | Gross |  |  | Net |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Amount |  |  | Amount |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Offset in the |  |  | of Assets in |  |  | Gross Amount Not Offset in |  |  |  |
|  |  |  |  | Condensed |  |  | the Condensed |  |  | the Condensed Consolidated |  |  |  |
|  | Gross |  |  | Consolidated |  |  | Consolidated |  |  | Statements of Financial Condition |  |  |  |
|  | Amount of |  |  | Statements |  |  | Statements |  |  |  |  |  | Cash |  |  |  |
|  | Recognized |  |  | of Financial |  |  | of Financial |  |  | Financial |  |  | Collateral |  |  | Net |
(In Thousands) |  | Assets |  |  | Condition |  |  | Condition |  |  | Instruments |  |  | Received |  |  | Amount |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  |  |  |  | Gross |  |  | Net |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Amount |  |  | Amount |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Offset in the |  |  | of Liabilities in |  |  | Gross Amount Not Offset in |  |  |  |
|  |  |  |  | Condensed |  |  | the Condensed |  |  | the Condensed Consolidated |  |  |  |
|  | Gross |  |  | Consolidated |  |  | Consolidated |  |  | Statements of Financial Condition |  |  |  |
|  | Amount of |  |  | Statements |  |  | Statements |  |  |  |  |  | Cash |  |  |  |
|  | Recognized |  |  | of Financial |  |  | of Financial |  |  | Financial |  |  | Collateral |  |  | Net |
(In Thousands) |  | Liabilities |  |  | Condition |  |  | Condition |  |  | Instruments |  |  | Received |  |  | Amount |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 440 |  |  | $ | — |  |  | $ | 440 |  |  | $ | — |  |  | $ | — |  |  | $ | 440 |
Total |  | $ | 440 |  |  | $ | — |  |  | $ | 440 |  |  | $ | — |  |  | $ | — |  |  | $ | 440 |

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