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Segment Reporting
 12 Months Ended
Jun. 30, 2025
Segment Reporting  
Segment Reporting

Note 17: Segment Reporting

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The Corporation operates as a single reportable segment, providing a broad range of banking and financial services to individuals, businesses, and institutional clients. These services include primarily commercial and consumer lending, deposit products, and to a lesser extent, loan servicing and wealth management services. The commercial and consumer lending primarily consists of single-family, multi-family and commercial real estate mortgage lending and, to a lesser extent, construction, commercial business, other mortgage and consumer lending. The Corporation’s chief operating decision maker (“CODM”) is the Chief Executive Officer. The CODM relies on the Senior Management Committee, which includes the Senior Vice President – Chief Financial Officer, Senior Vice President – Chief Lending Officer, Senior Vice President – Retail Banking, Senior Vice President – Single Family, and others, to provide detailed financial and operational reports. The CODM regularly evaluates the financial performance of the Corporation and allocates resources accordingly. Key financial performance metrics used by the CODM include net interest income, provision for (recovery of) credit losses, non-interest income, non-interest expenses, net income, diluted earnings per share, return on average assets, return on average equity, net interest margin, efficiency ratio, loans held for investment and deposit balance growth, loans held for investment as a percentage of total deposits, core deposits as a percentage of total deposits, Tier 1 leverage capital ratio, non-performing assets as a percentage of loans held for investment, among others.

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The following table presents the financial performance measures that the CODM reviews as of or for the period indicated:

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​

​

​

​

​

​

​

​

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At or For the Year Ended June 30, 

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(In Thousands, Except Per Share Information)

    

2025

    

2024

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​

 

​

  

 

​

  

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Interest income

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$

56,624

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$

54,730

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Interest expense

​

 

21,155

​

 

19,807

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Net interest income

​

​

35,469

​

​

34,923

​

Recovery of credit losses

​

​

(666)

​

​

(63)

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Net interest income, after recovery of credit losses

​

​

36,135

​

​

34,986

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Non-interest income

​

​

3,531

​

​

3,941

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Non-interest expense

​

​

30,793

​

​

28,540

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Income before taxes

​

​

8,873

​

​

10,387

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Provision for income taxes

​

​

2,618

​

​

3,036

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Net income

​

$

6,255

​

$

7,351

​

​

​

​

​

​

​

​

​

Diluted earnings per share

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$

0.93

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$

1.06

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Return on average assets

​

​

0.50

%  

​

0.57

%  

Return on average equity

​

​

4.79

%  

​

5.62

%  

Net interest margin

​

​

2.93

%  

​

2.78

%  

Efficiency ratio

​

​

78.96

%  

​

73.44

%  

Loans held for investment growth

​

​

(0.69)

%  

​

(2.29)

%  

Deposit growth

​

​

0.05

%  

​

(6.55)

%  

Loans held for investment as a percentage of total deposits

​

​

117.66

%  

​

118.53

%  

Core deposits as a percentage of total deposits

​

​

64.86

%  

​

69.17

%  

Tier 1 leverage capital ratio

​

​

10.11

%  

​

10.02

%  

Non-performing assets as a percentage of total assets

​

​

0.11

%  

​

0.20

%  

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