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Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables)

9 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of undisbursed funds commitments

Commitments		March 31, 2019				June 30, 2018
(In Thousands)
Undisbursed loan funds – Construction loans		$	6,109			$	4,302
Undisbursed lines of credit – Commercial business loans			950				495
Undisbursed lines of credit – Consumer loans			481				503
Commitments to extend credit on loans to be held for investment			4,346				9,352
Total		$	11,886			$	14,652

Schedule of allowance for loan losses of undisbursed funds and commitments on loans held for investment

		For the Quarters Ended  March 31,								For the Nine Months Ended  March 31,
(In Thousands)		2019				2018				2019				2018
Balance, beginning of the period		$	150			$	188			$	157			$	277
Provision (recovery)			1				(29	)			(6	)			(118	)
Balance, end of the period		$	151			$	159			$	151			$	159

Schedule of impact of derivative financial instruments on gain on sale of loans

		For the Quarters Ended  March 31,								For the Nine Months Ended  March 31,
Derivative Financial Instruments		2019				2018				2019				2018
(In Thousands)
Commitments to extend credit on loans to be held for sale		$	(264	)		$	266			$	(585	)		$	173
Mandatory loan sale commitments and TBA MBS trades			465				(281	)			216				(1,072	)
Option contracts, net			—				—				—				(37	)
Total net gain (loss)		$	201			$	(15	)		$	(369	)		$	(936	)

Schedule of outstanding derivative instruments

		March 31, 2019								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)		$	12,211			$	240			$	56,906			$	825
Best efforts loan sale commitments			(10,212	)			—				(29,502	)			—
Mandatory loan sale commitments and TBA MBS trades			(28,817	)			(224	)			(117,759	)			(440	)
Total		$	(26,818	)		$	16			$	(90,355	)		$	385

⁽¹⁾ Net of 18.6% at March 31, 2019 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  March 31,								For the Nine Months Ended March 31,
Recourse Liability		2019				2018				2019				2018
(In Thousands)
Balance, beginning of the period		$	250			$	283			$	283			$	305
Recovery from recourse liability			—				—				(33	)			(22	)
Net settlements in lieu of loan repurchases			—				—				—				—
Balance, end of the period		$	250			$	283			$	250			$	283

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- Definition

Represets table provides information regarding the allowance for loan losses.

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.

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