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Loans Held for Investment (Tables)

9 Months Ended

Mar. 31, 2019

Loans and Leases Receivable Disclosure [Abstract]

Schedule of loans held for investment

(In Thousands)		March 31, 2019				June 30, 2018
Mortgage loans:
Single-family		$	314,824			$	314,808
Multi-family			449,812				476,008
Commercial real estate			115,355				109,726
Construction (1)			4,139				3,174
Other			167				167
Commercial business loans (2)			483				500
Consumer loans (3)			133				109
Total loans held for investment, gross			884,913				904,492
Advance payments of escrows			225				18
Deferred loan costs, net			5,496				5,560
Allowance for loan losses			(7,080	)			(7,385	)
Total loans held for investment, net		$	883,554			$	902,685

⁽¹⁾ Net of $6.1 million and $4.3 million of undisbursed loan funds as of March 31, 2019 and June 30, 2018, respectively

⁽²⁾ Net of $950 and $495 of undisbursed lines of credit as of March 31, 2019 and June 30, 2018, respectively.

⁽³⁾ Net of $481 and $503 of undisbursed lines of credit as of March 31, 2019 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		$	100,302			$	37,514			$	102,300			$	62,493			$	12,215			$	314,824
Multi-family			125,503				162,437				145,968				15,710				194				449,812
Commercial real estate			44,247				33,136				36,442				1,055				475				115,355
Construction			3,581				—				—				—				558				4,139
Other			—				—				—				—				167				167
Commercial business loans			75				—				—				—				408				483
Consumer loans			133				—				—				—				—				133
Total loans held for investment, gross		$	273,841			$	233,087			$	284,710			$	79,258			$	14,017			$	884,913

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

		March 31, 2019
(In Thousands)		Single- family				Multi- family				Commercial  Real Estate				Construction				Other  Mortgage				Commercial  Business				Consumer				Total
Pass		$	304,403			$	445,927			$	115,355			$	3,394			$	167			$	430			$	133			$	869,809
Special Mention			3,347				3,885				—				—				—				—				—				7,232
Substandard			7,074				—				—				745				—				53				—				7,872
Total loans held for  investment, gross		$	314,824			$	449,812			$	115,355			$	4,139			$	167			$	483			$	133			$	884,913

		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)		March 31, 2019				June 30, 2018
Collectively evaluated for impairment:
Mortgage loans:
Single-family		$	2,514			$	2,632
Multi-family			3,300				3,492
Commercial real estate			1,042				1,030
Construction			63				47
Other			3				3
Commercial business loans			18				18
Consumer loans			8				6
Total collectively evaluated allowance			6,948				7,228
Individually evaluated for impairment:
Mortgage loans:
Single-family			123				151
Commercial business loans			9				6
Total individually evaluated allowance			132				157
Total loan loss allowance		$	7,080			$	7,385

		For the Quarters Ended March 31,								For the Nine Months Ended March 31,
(Dollars in Thousands)		2019				2018				2019				2018
Allowance at beginning of period		$	7,061			$	8,075			$	7,385			$	8,039
Provision (recovery) for loan losses			4				(505	)			(450	)			(347	)
Recoveries:
Mortgage loans:
Single-family			22				71				177				203
Consumer loans			1				—				2				—
Total recoveries			23				71				179				203
Charge-offs:
Mortgage loans:
Single-family			(6	)			(110	)			(31	)			(364	)
Consumer loans			(2	)			—				(3	)			—
Total charge-offs			(8	)			(110	)			(34	)			(364	)
Net (charge-offs) recoveries			15				(39	)			145				(161	)
Balance at end of period		$	7,080			$	7,531			$	7,080			$	7,531
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period			0.79	%			0.84	%			0.79	%			0.84	%
Net charge-offs (recoveries) as a percentage of average loans receivable, net, during the period (annualized)			(0.01	)%			0.02	%			(0.02	)%			0.02	%

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

		March 31, 2019
(In Thousands)		Current				30-89 Days Past Due				Non-Accrual (1)				Total Loans Held for Investment, Gross
Mortgage loans:
Single-family		$	308,554			$	696			$	5,574			$	314,824
Multi-family			449,812				—				—				449,812
Commercial real estate			115,355				—				—				115,355
Construction			3,394				—				745				4,139
Other			167				—				—				167
Commercial business loans			430				—				53				483
Consumer loans			130				3				—				133
Total loans held for investment, gross		$	877,842			$	699			$	6,372			$	884,913

⁽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 March 31, 2019
(In Thousands)		Single- family				Multi- family				Commercial Real Estate				Construction				Other				Commercial Business				Consumer				Total
Allowance for loan losses:
Allowance at beginning of period		$	2,679			$	3,280			$	1,019			$	48			$	3			$	26			$	6			$	7,061
Provision (recovery) for loan losses			(58	)			20				23				15				—				1				3				4
Recoveries			22				—				—				—				—				—				1				23
Charge-offs			(6	)			—				—				—				—				—				(2	)			(8	)
Allowance for loan losses,  end of period		$	2,637			$	3,300			$	1,042			$	63			$	3			$	27			$	8			$	7,080
Allowance for loan losses:
Individually evaluated for impairment		$	123			$	—			$	—			$	—			$	—			$	9			$	—			$	132
Collectively evaluated for impairment			2,514				3,300				1,042				63				3				18				8				6,948
Allowance for loan losses,  end of period		$	2,637			$	3,300			$	1,042			$	63			$	3			$	27			$	8			$	7,080
Loans held for investment:
Individually evaluated for impairment		$	6,004			$	—			$	—			$	745			$	—			$	53			$	—			$	6,802
Collectively evaluated for impairment			308,820				449,812				115,355				3,394				167				430				133				878,111
Total loans held for investment,  gross		$	314,824			$	449,812			$	115,355			$	4,139			$	167			$	483			$	133			$	884,913
Allowance for loan losses as  a percentage of gross loans  held for investment			0.84	%			0.73	%			0.90	%			1.52	%			1.80	%			5.59	%			6.02	%			0.79	%

		Quarter Ended March 31, 2018
(In Thousands)		Single- family				Multi- family				Commercial Real Estate				Construction				Commercial Business				Consumer				Total
Allowance for loan losses:
Allowance at beginning of period		$	3,303			$	3,295			$	933			$	504			$	32			$	8			$	8,075
Provision (recovery) for loan losses			(143	)			17				33				(410	)			(1	)			(1	)			(505	)
Recoveries			71				—				—				—				—				—				71
Charge-offs			(110	)			—				—				—				—				—				(110	)
Allowance for loan losses,  end of period		$	3,121			$	3,312			$	966			$	94			$	31			$	7			$	7,531
Allowance for loan losses:
Individually evaluated for impairment		$	161			$	—			$	—			$	—			$	15			$	—			$	176
Collectively evaluated for impairment			2,960				3,312				966				94				16				7				7,355
Allowance for loan losses,  end of period		$	3,121			$	3,312			$	966			$	94			$	31			$	7			$	7,531
Loans held for investment:
Individually evaluated for impairment		$	7,929			$	—			$	—			$	—			$	73			$	—			$	8,002
Collectively evaluated for impairment			308,983				466,266				106,937				5,324				377				130				888,017
Total loans held for investment,  gross		$	316,912			$	466,266			$	106,937			$	5,324			$	450			$	130			$	896,019
Allowance for loan losses as  a percentage of gross loans  held for investment			0.98	%			0.71	%			0.90	%			1.77	%			6.89	%			5.38	%			0.84	%

		Nine Months Ended March 31, 2019
(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
Provision (recovery) for loan losses			(292	)			(192	)			12				16				—				3				3				(450	)
Recoveries			177				—				—				—				—				—				2				179
Charge-offs			(31	)			—				—				—				—				—				(3					)(34)
Allowance for loan losses,  end of period		$	2,637			$	3,300			$	1,042			$	63			$	3			$	27			$	8			$	7,080
Allowance for loan losses:
Individually evaluated for impairment		$	123			$	—			$	—			$	—			$	—			$	9			$	—			$	132
Collectively evaluated for impairment			2,514				3,300				1,042				63				3				18				8				6,948
Allowance for loan losses,  end of period		$	2,637			$	3,300			$	1,042			$	63			$	3			$	27			$	8			$	7,080
Loans held for investment:
Individually evaluated for impairment		$	6,004			$	—			$	—			$	745			$	—			$	53			$	—			$	6,802
Collectively evaluated for impairment			308,820				449,812				115,355				3,394				167				430				133				878,111
Total loans held for investment,  gross		$	314,824			$	449,812			$	115,355			$	4,139			$	167			$	483			$	133			$	884,913
Allowance for loan losses as  a percentage of gross loans  held for investment			0.84	%			0.73	%			0.90	%			1.52	%			1.80	%			5.59	%			6.02	%			0.79	%

		Nine Months Ended March 31, 2018
(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
Provision (recovery) for loan losses			(319	)			(108	)			87				(2	)			(5	)			—				(347	)
Recoveries			203				—				—				—				—				—				203
Charge-offs			(364	)			—				—				—				—				—				(364	)
Allowance for loan losses,  end of period		$	3,121			$	3,312			$	966			$	94			$	31			$	7			$	7,531
Allowance for loan losses:
Individually evaluated for impairment		$	161			$	—			$	—			$	—			$	15			$	—			$	176
Collectively evaluated for impairment			2,960				3,312				966				94				16				7				7,355
Allowance for loan losses,  end of period		$	3,121			$	3,312			$	966			$	94			$	31			$	7			$	7,531
Loans held for investment:
Individually evaluated for impairment		$	7,929			$	—			$	—			$	—			$	73			$	—			$	8,002
Collectively evaluated for impairment			308,983				466,266				106,937				5,324				377				130				888,017
Total loans held for investment, gross		$	316,912			$	466,266			$	106,937			$	5,324			$	450			$	130			$	896,019
Allowance for loan losses as  a percentage of gross loans  held for investment			0.98	%			0.71	%			0.90	%			1.77	%			6.89				5.38	%			0.84	%

Schedule of recorded investment in non-performing loans

		At March 31, 2019
		Unpaid																Net
		Principal				Related				Recorded								Recorded
(In Thousands)		Balance				Charge-offs				Investment				Allowance (1)				Investment
Mortgage loans:
Single-family:
With a related allowance		$	1,813			$	—			$	1,813			$	(284	)		$	1,529
Without a related allowance (2)			4,336				(539	)			3,797				—				3,797
Total single-family			6,149				(539	)			5,610				(284	)			5,326
Construction:
Without a related allowance (3)			745				—				745				—				745
Total construction			745				—				745				—				745
Commercial business loans:
With a related allowance			53				—				53				(9	)			44
Total commercial business loans			53				—				53				(9	)			44
Total non-performing loans		$	6,947			$	(539	)		$	6,408			$	(293	)		$	6,115

⁽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 March 31,
		2019								2018
		Average				Interest				Average				Interest
		Recorded				Income				Recorded				Income
(In Thousands)		Investment				Recognized				Investment				Recognized
Without related allowances:
Mortgage loans:
Single-family		$	2,785			$	—			$	6,397			$	49
Construction			745				—				—				—
			3,530				—				6,397				49
With related allowances:
Mortgage loans:
Single-family			2,841				29				1,170				20
Commercial business loans			54				1				74				1
			2,895				30				1,244				21
Total		$	6,425			$	30			$	7,641			$	70

		Nine Months Ended March 31,
		2019								2018
		Average				Interest				Average				Interest
		Recorded				Income				Recorded				Income
(In Thousands)		Investment				Recognized				Investment				Recognized
Without related allowances:
Mortgage loans:
Single-family		$	3,570			$	229			$	7,296			$	184
Commercial real estate			—				—				22				13
Construction			579				—				—				—
			4,149				229				7,318				197
With related allowances:
Mortgage loans:
Single-family			2,466				89				738				39
Commercial business loans			61				3				76				4
			2,527				92				814				43
Total		$	6,676			$	321			$	8,132			$	240

Schedule of troubled debt restructurings by nonaccrual versus accrual status

		At				At
(In Thousands)		March 31, 2019				June 30, 2018
Restructured loans on non-accrual status:
Mortgage loans:
Single-family		$	2,669			$	3,328
Commercial business loans			44				64
Total			2,713				3,392
Restructured loans on accrual status:
Mortgage loans:
Single-family			1,865				1,788
Total			1,865				1,788
Total restructured loans		$	4,578			$	5,180

Schedule of recorded investment in restructured loans

		At March 31, 2019
		Unpaid																Net
		Principal				Related				Recorded								Recorded
(In Thousands)		Balance				Charge-offs				Investment				Allowance (1)				Investment
Mortgage loans:
Single-family:
With a related allowance		$	2,207			$	—			$	2,207			$	(123	)		$	2,084
Without a related allowance (2)			2,818				(368	)			2,450				—				2,450
Total single-family			5,025				(368	)			4,657				(123	)			4,534
Commercial business loans:
With a related allowance			53				—				53				(9	)			44
Total commercial business loans			53				—				53				(9	)			44
Total restructured loans		$	5,078			$	(368	)		$	4,710			$	(132	)		$	4,578

⁽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.

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Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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-Paragraph 1
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Tabular disclosure of financing receivables and troubled debt restructurings.

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