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Loans Held For Investment (Tables)

6 Months Ended

Dec. 31, 2018

Loans and Leases Receivable Disclosure [Abstract]

(In Thousands)	December 31, 2018				June 30, 2018
Mortgage loans:
Single-family		$	312,499		$	314,808
Multi-family			447,033			476,008
Commercial real estate			112,830			109,726
Construction ⁽¹⁾			3,986			3,174
Other			167			167
Commercial business loans ⁽²⁾			455			500
Consumer loans ⁽³⁾			103			109
Total loans held for investment, gross			877,073			904,492

Advance payments of escrows			95			18
Deferred loan costs, net			5,306			5,560
Allowance for loan losses			(7,061	)		(7,385	)
Total loans held for investment, net		$	875,413		$	902,685

⁽¹⁾	Net of $5.7 million and $4.3 million of undisbursed loan funds as of December 31, 2018 and June 30, 2018, respectively

⁽²⁾	Net of $1.5 million and $495 of undisbursed lines of credit as of December 31, 2018 and June 30, 2018, respectively.

⁽³⁾	Net of $487 and $503 of undisbursed lines of credit as of December 31, 2018 and June 30, 2018, respectively.

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	$	105,981	$	31,216	$	100,552	$	63,034	$	11,716	$	312,499
Multi-family		129,858		162,154		142,177		12,642		202		447,033
Commercial real estate		41,376		35,953		35,008		—		493		112,830
Construction		2,600		—		—		—		1,386		3,986
Other		—		—		—		—		167		167
Commercial business loans		57		—		—		—		398		455
Consumer loans		103		—		—		—		—		103
Total loans held for investment, gross	$	279,975	$	229,323	$	277,737	$	75,676	$	14,362	$	877,073

Schedule of gross loans held for investment by loan types and risk category

	December 31, 2018
(In Thousands)	Single- family		Multi- family		Commercial Real Estate		Construction		Other Mortgage		Commercial Business		Consumer		Total

Pass	$	303,973	$	443,127	$	122,830	$	3,241	$	167	$	399	$	103	$	863,80
Special Mention		1,400		3,906		—		—				—		—		5,306
Substandard		7,126		—		—		745		—		56		—		7,927
Total loans held for investment, gross	$	312,499	$	447,033	$	112,830	$	3,986	$	167	$	455	$	103	$	877,073

	June 30, 2018
(In Thousands)		Single- family		Multi- family		Commercial Real Estate		Construction		Other Mortgage		Commercial Business		Consumer		Total

Pass		$	304,619	$	472,061	$	108,786	$	3,174	$	167	$	430	$	109	$	889,346
Special Mention			2,548		3,947		940		—		—		—		—		7,435
Substandard			7,641		—		—		—		—		70		—		7,711
Total loans held for investment, gross		$	314,808	$	476 008	$	109,726	$	3,174	$	167	$	500	$	109	$	904,492

Schedule of allowance for loan losses

(In Thousands)	December 31, 2018			June 30, 2018
Collectively evaluated for impairment:
Mortgage loans:
Single-family		$	2,520		$	2,632
Multi-family			3,280			3,492
Commercial real estate			1,019			1,030
Construction			48			47
Other			3			3
Commercial business loans			17			18
Consumer loans			6			6
Total collectively evaluated allowance			6,893			7,228

Individually evaluated for impairment:
Mortgage loans:
Single-family			159			151
Commercial business loans			9			6
Total individually evaluated allowance			168			157
Total loan loss allowance		$	7,061		$	7,385

	For the Quarters Ended December 31,						For the Six Months Ended December 31,
(Dollars in Thousands)	2018			2017			2018			2017

Allowance at beginning of period	$	7,155		$	8,063		$	7,385		$	8,039

(Recovery) provision for loan losses		(217	)		(11	)		(454	)		158

Recoveries:
Mortgage loans:
Single-family		123			48			155			132
Consumer loans		—			—			1			—
Total recoveries		123			48			156			132

Charge-offs:
Mortgage loans:
Single-family		—			(25	)		(25	)		(254	)
Consumer loans		—			—			(1	)		—
Total charge-offs		—			(25	)		(26	)		(254	)

Net recoveries (charge-offs)		123			23			130			(122	)
Balance at end of period	$	7,061		$	8,075		$	7,061		$	8,075

Allowance for loan losses as a percentage of gross loans held for investment at the end of the period		0.80	%		0.90	%		0.80	%		0.90	%
Net (recoveries) charge-offs as a percentage of average loans receivable, net, during the period (annualized)		(0.05	)%		(0.01	)%		(0.03	)%		0.02	%

Schedule of past due status of gross loans held for investment, net of fair value adjustments

	December 31, 2018
(In Thousands)	Current		30-89 Days Past Due		Non-Accrual ⁽¹⁾			Total Loans Held for Investment, Gross

Mortgage loans:
Single-family	$	306,873	$	—		$	5,626		$	312,499
Multi-family		447,033		—			—			447,033
Commercial real estate		112,830		—			—			112,830
Construction		3,241		—			745			3,986
Other		167		—			—			167
Commercial business loans		399		—			56			455
Consumer loans		101		2			—			103
Total loans held for investment, gross	$	870,644	$	2		$	6,427		$	877,073

⁽¹⁾ All loans 90 days or greater past due are placed on non-accrual status.

	June 30, 2018
(In Thousands)	Current		30-89 Days Past Due		Non-Accrual ⁽¹⁾			Total Loans Held for Investment, Gross

Mortgage loans:
Single-family	$	307,863	$	804		$	6,141		$	314,808
Multi-family		476,008		—			—			476,008
Commercial real estate		109,726		—			—			109,726
Construction		3,174		—			—			3,174
Other		167		—			—			167
Commercial business loans		430		—			70			500
Consumer loans		108		1			—			109
Total loans held for investment, gross	$	897,476	$	805		$	6,211		$	904,492

⁽¹⁾ All loans 90 days or greater past due are placed on non-accrual status.

Schedule of allowance for loan losses and recorded investment

	Quarter Ended December 31, 2018
(In Thousands)	Single- family			Multi- family			Commercial Real Estate			Construction			Other			Commercial Business			Consumer			Total
Allowance for loan losses:
Allowance at beginning of period	$	2,741		$	3,336		$	1,012		$	38		$	3		$	19		$	6		$	7,155
(Recovery) provision for loan losses		(185	)		(56	)		7			10			—			7			—			(217	)
Recoveries		123			—			—			—			—			—			—			123
Charge-offs		—			—			—			—			—			—			—			—
Allowance for loan losses, end of period	$	2,679		$	3,280		$	1,019		$	48		$	3		$	26		$	6		$	7,061

Allowance for loan losses:
Individually evaluated for impairment	$	159		$	—		$	—		$	—		$	—		$	9		$	—		$	168
Collectively evaluated for impairment		2,520			3,280			1,019			48			3			17			6			6,893
Allowance for loan losses, end of period	$	2,679		$	3,280		$	1,019		$	48		$	3		$	26		$	6		$	7,061

Loans held for investment:
Individually evaluated for impairment	$	5,817		$	—		$	—		$	745		$	—		$	56		$	—		$	6,618
Collectively evaluated for impairment		306,682			447,033			112,830			3,241			167			399			103			870,455
Total loans held for investment, gross	$	312,499		$	447,033		$	112,830		$	3,986		$	167		$	455		$	103		$	877,073
Allowance for loan losses as a percentage of gross loans held for investment		0.86	%		0.73	%		0.90	%		1.20	%		1.80	%		5.71	%		5.83	%		0.80	%

	Quarter Ended December 31, 2017
(In Thousands)	Single- family			Multi- family			Commercial Real Estate			Construction			Commercial Business			Consumer			Total
Allowance for loan losses:
Allowance at beginning of period	$	3,579		$	3,431		$	875		$	140		$	31		$	7		$	8,063
(Recovery) provision for loan losses		(299	)		(136	)		58			364			1			1			(11	)
Recoveries		48			—			—			—			—			—			48
Charge-offs		(25	)		—			—			—			—			—			(25	)
Allowance for loan losses, end of period	$	3,303		$	3,295		$	933		$	504		$	32		$	8		$	8,075

Allowance for loan losses:
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	15		$	—		$	15
Collectively evaluated for impairment		3,303			3,295			933			504			17			8			8,060
Allowance for loan losses, end of period	$	3,303		$	3,295		$	933		$	504		$	32		$	8		$	8,075

Loans held for investment:
Individually evaluated for impairment	$	7,038		$	—		$	—		$	—		$	76		$	—		$	7,114
Collectively evaluated for impairment		306,799			463,786			103,366			7,072			402			144			881,569
Total loans held for investment, gross	$	313,837		$	463,786		$	103,366		$	7,072		$	478		$	144		$	888,683
Allowance for loan losses as a percentage of gross loans held for investment		1.05	%		0.71	%		0.90	%		7.13	%		6.69	%		5.56	%		0.90	%

	Six Months Ended December 31, 2018
(In Thousands)	Single- family			Multi- family			Commercial Real Estate			Construction			Other			Commercial Business			Consumer			Total
Allowance for loan losses:
Allowance at beginning of period	$	2,783		$	3,492		$	1,030		$	47		$	$ 3		$	24		$	6			$	7,385
(Recovery) provision for loan losses		(234	)		(212	)		(11	)		1			—			2			—				(454	)
Recoveries		155			—			—			—			—			—			1				156
Charge-offs		(25	)		—			—			—			—			—			(1	)			(26	)
Allowance for loan losses, end of period	$	2,679		$	3,280		$	1,019		$	48		$	$ 3		$	26		$	6			$	7,061

Allowance for loan losses:
Individually evaluated for impairment	$	159		$	—		$	—		$	—		$	$ —		$	9		$	—			$	168
Collectively evaluated for impairment		2,520			3,280			1,019			48			3			17			6				6,893
Allowance for loan losses, end of period	$	2,679		$	3,280		$	1,019		$	48		$	$ 3		$	26		$	6			$	7,061

Loans held for investment:
Individually evaluated for impairment	$	5,817		$	—		$	—		$	745		$	$ —		$	56		$	—			$	6,618
Collectively evaluated for impairment		306,682			447,033			112,830			3,241			167			399			103				870,455
Total loans held for investment, gross	$	312,499		$	447,033		$	112,830		$	3,986		$	167		$	455		$	103			$	877,073
Allowance for loan losses as a percentage of gross loans held for investment		0.86	%		0.73	%		0.90	%		1.20	%		1.80	%		5.71	%		5.83	%			0.80	%

	Six Months Ended December 31, 2017
(In Thousands)	Single- family			Multi- family			Commercial Real Estate			Construction			Commercial Business			Consumer			Total
Allowance for loan losses:
Allowance at beginning of period	$	3,601		$	3,420		$	879		$	96		$	36		$	7		$	8,039
(Recovery) provision for loan losses		(176	)		(125	)		54			408			(4	)		1			158
Recoveries		132			—			—			—			—			—			132
Charge-offs		(254	)		—			—			—			—			—			(254	)
Allowance for loan losses, end of period	$	3,303		$	3,295		$	933		$	504		$	32		$	8		$	8,075

Allowance for loan losses:
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	15		$	—		$	15
Collectively evaluated for impairment		3,303			3,295			933			504			17			8			8,060
Allowance for loan losses, end of period	$	3,303		$	3,295		$	933		$	504		$	32		$	8		$	8,075

Loans held for investment:
Individually evaluated for impairment	$	7,038		$	—		$	—		$	—		$	76		$	—		$	7,114
Collectively evaluated for impairment		306,799			463,786			103,366			7,072			402			144			881,569
Total loans held for investment, gross	$	313,837		$	463,786		$	103,366		$	7,072		$	478		$	144		$	888,683
Allowance for loan losses as a percentage of gross loans held for investment		1.05	%		0.71	%		0.90	%		7.13	%		6.69	%		5.56	%		0.90	%

Schedule of recorded investment in non-performing loans

	At December 31, 2018
	Unpaid										Net
	Principal		Related			Recorded					Recorded
(In Thousands)	Balance		Charge-offs			Investment		Allowance ⁽¹⁾			Investment

Mortgage loans:
Single-family:
With a related allowance	$	2,856	$	—		$	2,856	$	(393	)	$	2,463
Without a related allowance ⁽²⁾		3,368		(561	)		2,807		—			2,807
Total single-family		6,224		(561	)		5,663		(393	)		5,270

Construction:
Without a related allowance ⁽³⁾		745		—			745		—			745
Total construction		745		—			745		—			745

Commercial business loans:
With a related allowance		56		—			56		(9	)		47
Total commercial business loans		56		—			56		(9	)		47

Total non-performing loans	$	7,025	$	(561	)	$	6,464	$	(402	)	$	6,062

⁽¹⁾ Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan, and fair value credit adjustments.

⁽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.

⁽³⁾ There was no related allowance for loan losses because the loans, net of undisbursed loan funds, have been charged-off to their fair value or the fair value of the collateral is higher than the net loan balance.

	At June 30, 2018
	Unpaid										Net
	Principal		Related			Recorded					Recorded
(In Thousands)	Balance		Charge-offs			Investment		Allowance ⁽¹⁾			Investment

Mortgage loans:
Single-family:
With a related allowance	$	1,333	$	—		$	1,333	$	(185	)	$	1,148
Without a related allowance ⁽²⁾		5,569		(724	)		4,845		—			4,845
Total single-family		6,902		(724	)		6,178		(185	)		5,993

Commercial business loans:
With a related allowance		70		—			70		(6	)		64
Total commercial business loans		70		—			70		(6	)		64

Total non-performing loans	$	6,972	$	(724	)	$	6,248	$	(191	)	$	6,057

⁽¹⁾ Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan, and fair value credit adjustments.

⁽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.

	Quarter Ended December 31,
	2018				2017
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(In Thousands)	Investment		Recognized		Investment		Recognized

Without related allowances:
Mortgage loans:
Single-family	$	3,326	$	189	$	7,301	$	—
Construction		745		—		—		—
		4,071		189		7,301		—

With related allowances:
Mortgage loans:
Single-family		2,487		36		786		8
Commercial business loans		60		1		76		2
		2,547		37		862		10

Total	$	6,618	$	226	$	8,163	$	10

	Six Months Ended December 31,
	2018				2017
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(In Thousands)	Investment		Recognized		Investment		Recognized

Without related allowances:
Mortgage loans:
Single-family	$	3,963	$	229	$	7,659	$	135
Commercial real estate		—		—		34		13
Construction		496		—		—		496
		4,459		229		7,693		148

With related allowances:
Mortgage loans:
Single-family		2,279		60		608		19
Commercial business loans		64		2		77		3
		2,343		62		685		22

Total	$	6,802	$	291	$	8,378	$	170

Schedule of troubled debt restructurings by nonaccrual versus accrual status

		At		At
(In Thousands)	December 31, 2018			June 30, 2018
Restructured loans on non-accrual status:
Mortgage loans:
Single-family		$	2,698	$	3,328
Commercial business loans			47		64
Total			2,745		3,392

Restructured loans on accrual status:
Mortgage loans:
Single-family			1,425		1,788
Total			1,425		1,788

Total restructured loans		$	4,170	$	5,180

Schedule of recorded investment in restructured loans

	At December 31, 2018
	Unpaid										Net
	Principal		Related			Recorded					Recorded
(In Thousands)	Balance		Charge-offs			Investment		Allowance ⁽¹⁾			Investment

Mortgage loans:
Single-family:
With a related allowance	$	2,214	$	—		$	2,214	$	(124	)	$	2,090
Without a related allowance ⁽²⁾		2,407		(374	)		2,033		—			2,033
Total single-family		4,621		(374	)		4,247		(124	)		4,123

Commercial business loans:
With a related allowance		56		—			56		(9	)		47
Total commercial business loans		56		—			56		(9	)		47

Total restructured loans	$	4,677	$	(374	)	$	4,303	$	(133	)	$	4,170

⁽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, 2018
	Unpaid										Net
	Principal		Related			Recorded					Recorded
(In Thousands)	Balance		Charge-offs			Investment		Allowance ⁽¹⁾			Investment

Mortgage loans:
Single-family
With a related allowance	$	2,228	$	—		$	2,228	$	(151	)	$	2,077
Without a related allowance ⁽²⁾		3,450		(411	)		3,039		—			3,039
Total single-family		5,678		(411	)		5,267		(151	)		5,116

Commercial business loans:
With a related allowance		70		—			70		(6	)		64
Total commercial business loans		70		—			70		(6	)		64

Total restructured loans	$	5,748	$	(411	)	$	5,337	$	(157	)	$	5,180

⁽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.