Loans Held for Investment

Schedule of loans held for investment, contractual repricing


	Adjustable Rate
			After		After		After
		Within	One Year		3 Years		5 Years
(In Thousands)	One Year		Through 3 Years		Through 5 Years		Through 10 Years		Fixed Rate		Total
Mortgage loans:
Single-family	$	53,321	$	27,759	$	96,177	$	230,399	$	109,383	$	517,039
Multi-family		179,447		149,111		114,911		13,831		101		457,401
Commercial real estate		35,078		17,925		28,892		—		1,241		83,136
Construction		2,745		—		—		—		—		2,745
Other		—		—		—		—		99		99
Commercial business loans		2,720		—		—		—		115		2,835
Consumer loans		60		—		—		—		—		60
Total loans held for investment, gross	$	273,371	$	194,795	$	239,980	$	244,230	$	110,939	$	1,063,315

Schedule of commercial real estate loans by geographic concentration


	Inland				Southern				Other
March 31, 2024	Empire				California⁽¹⁾				California				Total
(Dollars in Thousands)	Balance		%		Balance		%		Balance		%		Balance		%
Owner occupied:
Office	$	1,556	23	%	$	4,984	74	%	$	193	3	%	$	6,733	100	%
Mixed use		—	—	%		—	—	%		296	100	%		296	100	%
Warehouse		—	—	%		1,699	81	%		390	19	%		2,089	100	%
Medical/dental office		277	11	%		1,801	74	%		375	15	%		2,453	100	%
Restaurant/fast food		—	—	%		692	100	%		—	—	%		692	100	%
Total owner occupied		1,833	15	%		9,176	75	%		1,254	10	%		12,263	100	%

Non-owner occupied:
Office		2,969	15	%		13,920	69	%		3,327	16	%		20,216	100	%
Mixed use		539	3	%		6,277	40	%		9,102	57	%		15,918	100	%
Retail		1,056	9	%		6,713	55	%		4,485	36	%		12,254	100	%
Warehouse		609	6	%		4,790	48	%		4,540	46	%		9,939	100	%
Mobile home park		4,886	70	%		359	5	%		1,700	25	%		6,945	100	%
Medical/dental office		1,847	39	%		2,172	46	%		693	15	%		4,712	100	%
Automotive - non gasoline		—	—	%		580	100	%		—	—	%		580	100	%
Live/work		—	—	%		—	—	%		309	100	%		309	100	%
Total non-owner occupied		11,906	17	%		34,811	49	%		24,156	34	%		70,873	100	%

Total commercial real estate	$	13,739	16	%	$	43,987	53	%	$	25,410	31	%	$	83,136	100	%

(1)Other than the Inland Empire.


	Inland				Southern				Other
June 30, 2023	Empire				California⁽¹⁾				California				Total
(Dollars in Thousands)	Balance		%		Balance		%		Balance		%		Balance		%
Owner occupied:
Office	$	2,649	29	%	$	6,436	69	%	$	198	2	%	$	9,283	100	%
Mixed use		—	—	%		—	—	%		306	100	%		306	100	%
Warehouse		—	—	%		1,733	81	%		400	19	%		2,133	100	%
Medical/dental office		281	25	%		453	41	%		383	34	%		1,117	100	%
Total owner occupied		2,930	23	%		8,622	67	%		1,287	10	%		12,839	100	%

Non-owner occupied:
Office		4,420	18	%		14,767	62	%		4,728	20	%		23,915	100	%
Mixed use		660	4	%		7,292	41	%		9,662	55	%		17,614	100	%
Retail		1,076	8	%		7,353	57	%		4,562	35	%		12,991	100	%
Warehouse		623	7	%		5,690	67	%		2,198	26	%		8,511	100	%
Mobile home park		4,967	70	%		364	5	%		1,726	25	%		7,057	100	%
Medical/dental office		1,910	35	%		3,325	60	%		289	5	%		5,524	100	%
Restaurant/fast food		—	—	%		1,014	100	%		—	—	%		1,014	100	%
Automotive - non gasoline		—	—	%		485	100	%		—	—	%		485	100	%
Live/work		—	—	%		—	—	%		337	100	%		337	100	%
Light industrial/ manufacturing		—	—	%		271	100	%		—	—	%		271	100	%
Total non-owner occupied		13,656	18	%		40,561	52	%		23,502	30	%		77,719	100	%

Total commercial real estate	$	16,586	18	%	$	49,183	54	%	$	24,789	28	%	$	90,558	100	%

(1)Other than the Inland Empire.

Schedule of allowance for credit losses


	For the Quarter Ended						For the Nine Months Ended
	March 31,						March 31,
(Dollars in Thousands)	2024			2023			2024			2023

ACL, beginning of period	$	7,000		$	5,830		$	5,946		$	5,564

Impact of ASC 326 CECL adoption⁽¹⁾		—			—			1,197			—

Provision for (recovery of) credit losses		108			169			(35)			430

Recoveries:
Mortgage loans:
Single-family		—			2			—			7
Total recoveries		—			2			—			7

Total charge-offs		—			—			—			—

Net recoveries (charge-offs)		—			2			—			7
ACL, end of period	$	7,108		$	6,001		$	7,108		$	6,001

ACL on loans as a percentage of gross loans held for investment		0.67	%		0.56	%		0.67	%		0.56	%
Net (recoveries) charge-offs as a percentage of average loans receivable, net, during the period (annualized)		—	%		—	%		—	%		—	%
ACL on loans as a percentage of gross non-performing loans at the end of the period		307.84	%		584.32	%		307.84	%		584.32	%

(1)	Represents the impact of adopting ASC 326 on July 1, 2023. Since that date, as a result of adopting ASC 326, the methodology to compute the ACL has been based on CECL methodology, rather than the previously applied incurred loss methodology.

Schedule of allowance for loan losses and recorded investment


	Quarter Ended March 31, 2024
	Single-			Multi-			Commercial									Commercial
(Dollars In Thousands)	family			family			Real Estate			Construction			Other			Business			Consumer			Total
ACL:
ACL, beginning of period	$	6,235		$	642		$	73		$	36		$	2		$	12		$	—		$	7,000
Provision for (recovery of) credit losses		136			(41)			(8)			8			(1)			14			—			108
Recoveries		—			—			—			—			—			—			—			—
Charge-offs		—			—			—			—			—			—			—			—
ACL, end of period	$	6,371		$	601		$	65		$	44		$	1		$	26		$	—		$	7,108

ACL:
Individually evaluated for impairment	$	37		$	—		$	—		$	—		$	—		$	—		$	—		$	37
Collectively evaluated for impairment		6,334			601			65			44			1			26			—			7,071
ACL, end of period	$	6,371		$	601		$	65		$	44		$	1		$	26		$	—		$	7,108

Loans held for investment:
Individually evaluated for impairment	$	1,138		$	—		$	—		$	—		$	—		$	—		$	—		$	1,138
Collectively evaluated for impairment		515,901			457,401			83,136			2,745			99			2,835			60			1,062,177
Total loans held for investment, gross	$	517,039		$	457,401		$	83,136		$	2,745		$	99		$	2,835		$	60		$	1,063,315
ACL on loans as a percentage of gross loans held for investment		1.23	%		0.13	%		0.08	%		1.60	%		1.01	%		0.92	%		—	%		0.67	%
Net (recoveries) charge-offs to average loans receivable, net during the period		—	%		—	%		—	%		—	%		—	%		—	%		—	%		—	%


	Quarter Ended March 31, 2023
	Single-			Multi-			Commercial									Commercial
(Dollars In Thousands)	family			family			Real Estate			Construction				Other		Business			Consumer			Total
ACL:
ACL, beginning of period	$	1,600		$	3,300		$	847		$	17		$	3		$	58		$	5		$	5,830
Provision for (recovery of) credit losses		127			7			21			4			(1)			12			(1)			169
Recoveries		2			—			—			—			—			—			—			2
Charge-offs		—			—			—			—			—			—			—			—
ACL, end of period	$	1,729		$	3,307		$	868		$	21		$	2		$	70		$	4		$	6,001

ACL:
Individually evaluated for impairment	$	38		$	—		$	—		$	—		$	—		$	—		$	—		$	38
Collectively evaluated for impairment		1,691			3,307			868			21			2			70			4			5,963
ACL, end of period	$	1,729		$	3,307		$	868		$	21		$	2		$	70		$	4		$	6,001

Loans held for investment:
Individually evaluated for impairment	$	804		$	—		$	—		$	—		$	—		$	—		$	—		$	804
Collectively evaluated for impairment		511,828			466,332			90,496			2,891			108			1,640			61			1,073,356
Total loans held for investment, gross	$	512,632		$	466,332		$	90,496		$	2,891		$	108		$	1,640		$	61		$	1,074,160
ACL on loans as a percentage of gross loans held for investment		0.34	%		0.71	%		0.96	%		0.73	%		1.85	%		4.27	%		6.56	%		0.56	%
Net (recoveries) charge-offs to average loans receivable, net during the period		—	%		—	%		—	%		—	%		—	%		—	%		—	%		—	%


	Nine Months Ended March 31, 2024
							Commercial									Commercial
(Dollars In Thousands)	Single-family			Multi-family			Real Estate			Construction			Other			Business			Consumer			Total
ACL:
ACL, beginning of period	$	1,720		$	3,270		$	868		$	15		$	2		$	67		$	4		$	5,946
Adjustment to allowance for adoption of ASC 326		4,605			(2,614)			(786)			47			3			(54)			(4)			1,197
Provision for (recovery of) credit losses		46			(55)			(17)			(18)			(4)			13			—			(35)
Recoveries		—			—			—			—			—			—			—			—
Charge-offs		—			—			—			—			—			—			—			—
ACL, end of period	$	6,371		$	601		$	65		$	44		$	1		$	26		$	—		$	7,108

ACL:
Individually evaluated for impairment	$	37		$	—		$	—		$	—		$	—		$	—		$	—		$	37
Collectively evaluated for impairment		6,334			601			65			44			1			26			—			7,071
ACL, end of period	$	6,371		$	601		$	65		$	44		$	1		$	26		$	—		$	7,108

Loans held for investment:
Individually evaluated for impairment	$	1,138		$	—		$	—		$	—		$	—		$	—		$	—		$	1,138
Collectively evaluated for impairment		515,901			457,401			83,136			2,745			99			2,835			60			1,062,177
Total loans held for investment, gross	$	517,039		$	457,401		$	83,136		$	2,745		$	99		$	2,835		$	60		$	1,063,315
ACL on loans as a percentage of gross loans held for investment		1.23	%		0.13	%		0.08	%		1.60	%		1.01	%		0.92	%		—	%		0.67	%
Net (recoveries) charge-offs to average loans receivable, net during the period		—	%		—	%		—	%		—	%		—	%		—	%		—	%		—	%


	Nine Months Ended March 31, 2023
							Commercial									Commercial
(Dollars In Thousands)	Single-family			Multi-family			Real Estate			Construction			Other			Business			Consumer			Total
ACL:
ACL, beginning of period	$	1,383		$	3,282		$	816		$	23		$	3		$	52		$	5		$	5,564
Provision for (recovery of) credit losses		339			25			52			(2)			(1)			18			(1)			430
Recoveries		7			—			—			—			—			—			—			7
Charge-offs		—			—			—			—			—			—			—			—
ACL, end of period	$	1,729		$	3,307		$	868		$	21		$	2		$	70		$	4		$	6,001

ACL:
Individually evaluated for impairment	$	38		$	—		$	—		$	—		$	—		$	—		$	—		$	38
Collectively evaluated for impairment		1,691			3,307			868			21			2			70			4			5,963
ACL, end of period	$	1,729		$	3,307		$	868		$	21		$	2		$	70		$	4		$	6,001

Loans held for investment:
Individually evaluated for impairment	$	804		$	—		$	—		$	—		$	—		$	—		$	—		$	804
Collectively evaluated for impairment		511,828			466,332			90,496			2,891			108			1,640			61			1,073,356
Total loans held for investment, gross	$	512,632		$	466,332		$	90,496		$	2,891		$	108		$	1,640		$	61		$	1,074,160
ACL on loans as a percentage of gross loans held for investment		0.34	%		0.71	%		0.96	%		0.73	%		1.85	%		4.27	%		6.56	%		0.56	%
Net (recoveries) charge-offs to average loans receivable, net during the period		—	%		—	%		—	%		—	%		—	%		—	%		—	%		—	%

Schedule of recorded investment in non-performing loans


		Quarter Ended March 31,
	2024				2023
		Average	Interest		Average		Interest
		Recorded	Income		Recorded		Income
(In Thousands)		Investment	Recognized		Investment		Recognized
Without related ACL:
Mortgage loans:
Single-family	$	296	$	8	$	57	$	—
		296		8		57		—

With related ACL:
Mortgage loans:
Single-family		1,852		33		973		13
		1,852		33		973		13

Total	$	2,148	$	41	$	1,030	$	13


	Nine Months Ended March 31,
	2024				2023
		Average	Interest		Average		Interest
		Recorded	Income		Recorded		Income
(In Thousands)		Investment	Recognized		Investment		Recognized
Without related ACL:
Mortgage loans:
Single-family	$	206	$	16	$	87	$	—
		206		16		87		—

With related ACL:
Mortgage loans:
Single-family		1,454		64		983		33
		1,454		64		983		33

Total	$	1,660	$	80	$	1,070	$	33