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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Interest income:        
Loans receivable, net $ 10,011 $ 9,933 $ 30,516 $ 29,825
Investment securities 592 382 1,381 958
FHLB - San Francisco stock 144 144 565 428
Interest-earning deposits 386 233 1,111 591
Total interest income 11,133 10,692 33,573 31,802
Interest expense:        
Checking and money market deposits 102 96 327 311
Savings deposits 139 147 437 445
Time deposits 600 613 1,851 1,877
Borrowings 680 712 2,158 2,176
Total interest expense 1,521 1,568 4,773 4,809
Net interest income 9,612 9,124 28,800 26,993
Provision (recovery) for loan losses 4 (505) (450) (347)
Net interest income, after provision (recovery) for loan losses 9,608 9,629 29,250 27,340
Non-interest income:        
Gain on sale of loans, net [2] 1,719 [1] 3,597 [3],[4] 7,114 [3] 12,761 [5]
Gain (loss) on sale and operations of real estate owned acquired in the settlement of loans, net 2 (19) (4) (81)
Other 225 238 575 701
Total non-interest income 3,052 5,210 11,196 17,303
Non-interest expense:        
Salaries and employee benefits [6] 9,292 8,808 24,753 26,710
Premises and occupancy 1,286 1,255 3,905 3,829
Equipment 417 442 1,333 1,179
Professional expenses 513 400 1,371 1,441
Sales and marketing expenses 246 213 668 717
Deposit insurance premiums and regulatory assessments 124 189 461 591
Other [7] 1,122 1,132 3,088 6,919
Total non-interest expense 13,000 12,439 35,579 41,386
Income (loss) before income taxes (340) 2,400 4,867 3,257
Provision (benefit) for income taxes [8] (189) 667 1,237 2,526 [9]
Net income (loss) $ (151) $ 1,733 $ 3,630 $ 731
Basic earnings (loss) per share (in dollars per share) $ (0.02) $ 0.23 $ 0.49 $ 0.10
Diluted earnings (loss) per share (in dollars per share) (0.02) 0.23 0.48 0.09
Cash dividends per share (in dollars per share) $ 0.14 $ 0.14 $ 0.42 $ 0.42
Loan servicing and other fees        
Non-interest income:        
Total non-interest income [2] $ 262 [10] $ 493 [11] $ 863 [12] $ 1,173 [13]
Deposit account fees        
Non-interest income:        
Total non-interest income 471 529 1,485 1,623
Card and processing fees        
Non-interest income:        
Total non-interest income $ 373 $ 372 $ 1,163 $ 1,126
[1] Includes an inter-company charge of $17 credited to PBM by the Bank during the period to compensate PBM for servicing fees on loans sold on a servicing retained basis.
[2] Not in scope of ASC 606.
[3] Includes an inter-company charge of $37 credited to PBM by the Bank during the period to compensate PBM for servicing fees on loans sold on a servicing retained basis.
[4] Includes an inter-company charge of $44 credited to PBM by the Bank during the period to compensate PBM for servicing fees on loans sold on a servicing retained basis.
[5] Includes an inter-company charge of $182 credited to PBM by the Bank during the period to compensate PBM for servicing fees on loans sold on a servicing retained basis.
[6] Includes $1.5 million of costs associated with staff reductions in mortgage banking operations during the quarter and nine months ended March 31, 2019.
[7] Includes $3.4 million of litigation settlement expense for the nine months ended March 31, 2018.
[8] Includes a net tax charge of $1.9 million resulting from the revaluation of net deferred tax assets consistent with the Tax Cuts and Jobs Act for the nine months ended March 31, 2018.
[9] Includes a net tax charge of $1.9 million resulting from the revaluation of net deferred tax assets consistent with the Tax Cuts and Jobs Act for the nine months ended December 31, 2017.
[10] Includes an inter-company charge of $2 credited to PBM by the Bank during the period to compensate PBM for originating loans held for investment.
[11] Includes an inter-company charge of $222 credited to PBM by the Bank during the period to compensate PBM for originating loans held for investment.
[12] Includes an inter-company charge of $428 credited to PBM by the Bank during the period to compensate PBM for originating loans held for investment.
[13] Includes an inter-company charge of $561 credited to PBM by the Bank during the period to compensate PBM for originating loans held for investment.