XML 40 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables)
6 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of undisbursed funds commitments
Commitments
 
December 31, 2018
   
June 30, 2018
 
(In Thousands)
           
             
Undisbursed loan funds – Construction loans
 
$
5,747
   
$
4,302
 
Undisbursed lines of credit – Commercial business loans
   
1,488
     
495
 
Undisbursed lines of credit – Consumer loans
   
487
     
503
 
Commitments to extend credit on loans to be held for investment
   
7,376
     
9,352
 
Total
 
$
15,098
   
$
14,652
 
Schedule of allowance for loan losses of undisbursed funds and commitments on loans held for investment
   
For the Quarters Ended
December 31,
   
For the Six Months Ended
December 31,
 
(In Thousands)
 
2018
   
2017
   
2018
   
2017
 
Balance, beginning of the period
 
$
149
   
$
213
   
$
157
   
$
277
 
Provision (recovery)
   
1
     
(25
)
   
(7
)
   
(89
)
Balance, end of the period
 
$
150
   
$
188
   
$
150
   
$
188
 
Schedule of impact of derivative financial instruments on gain on sale of loans
   
For the Quarters Ended
December 31,
   
For the Six Months Ended
December 31,
 
Derivative Financial Instruments
 
2018
   
2017
   
2018
   
2017
 
(In Thousands)
                       
Commitments to extend credit on loans to be held for sale
 
$
8
   
$
29
   
$
(321
)
 
$
(93
)
Mandatory loan sale commitments and TBA MBS trades
   
(928
)
   
(582
)
   
(249
)
   
(791
)
Option contracts, net
   
     
     
     
(37
)
Total net loss
 
$
(920
)
 
$
(553
)
 
$
(570
)
 
$
(921
)
Schedule of outstanding derivative instruments
   
December 31, 2018
   
June 30, 2018
 
Derivative Financial Instruments
 
Amount
   
Fair
Value
   
Amount
   
Fair
Value
 
(In Thousands)
                       
Commitments to extend credit on loans to be held for sale (1)
 
$
27,260
   
$
504
   
$
56,906
   
$
825
 
Best efforts loan sale commitments
   
(12,795
)
   
     
(29,502
)
   
 
Mandatory loan sale commitments and TBA MBS trades
   
(66,721
)
   
(689
)
   
(117,759
)
   
(440
)
Total
 
$
(52,256
)
 
$
(185
)
 
$
(90,355
)
 
$
385
 
(1)
Net of 26.3% at December 31, 2018 and 24.7% at June 30, 2018 of commitments which management has estimated may not fund.
Schedule of summary of recourse liability
   
For the Quarters Ended
December 31,
   
For the Six Months Ended
December 31,
 
Recourse Liability
 
2018
   
2017
   
2018
   
2017
 
(In Thousands)
                       
                         
Balance, beginning of the period
 
$
250
   
$
305
   
$
283
   
$
305
 
Recovery from recourse liability
   
     
(22
)
   
(33
)
   
(22
)
Net settlements in lieu of loan repurchases
   
     
     
     
 
Balance, end of the period
 
$
250
   
$
283
   
$
250
   
$
283