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Loans Held for Investment (Tables)
9 Months Ended
Mar. 31, 2025
Loans Held for Investment  
Schedule of loans held for investment

March 31, 

June 30, 

(In Thousands)

2025

 

2024

Mortgage loans:

 

  

 

  

 

Single-family

$

545,377

$

518,091

Multi-family

 

429,547

 

445,182

Commercial real estate

 

75,349

 

83,349

Construction

 

837

 

2,692

Other

 

89

 

95

Commercial business loans

 

4,255

 

1,372

Consumer loans

 

52

 

65

Total loans held for investment, gross

 

1,055,506

 

1,050,846

 

  

 

Advance payments of escrows

 

519

 

102

Deferred loan costs, net

 

9,532

 

9,096

ACL on loans

 

(6,577)

 

(7,065)

Total loans held for investment, net

$

1,058,980

$

1,052,979

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

$

43,918

$

60,035

$

135,414

$

199,038

$

106,972

$

545,377

Multi-family

 

195,364

 

150,579

 

81,419

 

2,093

 

92

 

429,547

Commercial real estate

 

28,175

 

34,605

 

12,192

 

 

377

 

75,349

Construction

 

837

 

 

 

 

 

837

Other

 

 

 

 

 

89

 

89

Commercial business loans

 

4,220

 

 

 

 

35

 

4,255

Consumer loans

 

52

 

 

 

 

 

52

Total loans held for investment, gross

$

272,566

$

245,219

$

229,025

$

201,131

$

107,565

$

1,055,506

Schedule of commercial real estate loans by property types and LTVs

Owner

Non-Owner

% of Total

Weighted

March 31, 2025

Occupied Loan

Occupied Loan

Total

Commercial

Average

(Dollars in Thousands)

Balance

Balance

Balance

Real Estate

LTV (1)

Office

$

5,701

$

20,041

$

25,742

34

%  

41

%  

Mixed use (2)

 

283

 

14,504

 

14,787

19

33

%  

Retail

8,756

8,756

12

30

%  

Warehouse

1,342

9,205

10,547

14

29

%  

Medical/dental office

2,523

4,444

6,967

9

43

%  

Mobile home park

6,799

6,799

9

38

%  

Restaurant/fast food

683

495

1,178

2

46

%  

Automotive - non gasoline

 

 

573

 

573

 

1

 

26

%  

Total commercial real estate

$

10,532

$

64,817

$

75,349

100

%  

36

%  

(1)Current loan balance as a percentage of the original appraised value.
(2)Mixed use includes $6.5 million in Office/Retail, $5.3 million in Multi-family/Retail, $1.6 million in Other Mixed Use, $743,000 in Multi-family/Commercial and $671,000 in Multi-family/Office.

Owner

Non-Owner

% of Total

Weighted

June 30, 2024

Occupied Loan

Occupied Loan

Total

Commercial

Average

(Dollars in Thousands)

Balance

Balance

Balance

Real Estate

LTV (1)

Office

$

6,690

$

20,084

$

26,774

32

%  

43

%  

Mixed use (2)

 

293

 

15,797

 

16,090

19

35

%  

Retail

12,501

12,501

15

30

%  

Warehouse

2,076

9,848

11,924

14

31

%  

Mobile home park

6,909

6,909

8

38

%  

Medical/dental office

2,439

4,645

7,084

9

44

%  

Restaurant/fast food

690

500

1,190

2

46

%  

Automotive - non gasoline

 

 

578

 

578

 

1

 

26

%  

Live/work

299

299

13

%  

Total commercial real estate

$

12,188

$

71,161

$

83,349

100

%  

37

%  

(1)Current loan balance as a percentage of the original appraised value.
(2)Mixed use includes $6.9 million in Office/Retail, $4.7 million in Multi-family/Retail, $3.0 million in Other Mixed Use, $754,000 in Multi-family/Commercial and $685,000 in Multi-family/Office..
Schedule of commercial real estate loans by geographic concentration

Inland

Southern

Other

 

March 31, 2025

Empire(1)

California(2)

California

Total

 

(Dollars in Thousands)

Balance

%

Balance

%

Balance

%

Balance

%

 

Owner occupied:

Office

$

636

    

11

%  

$

4,879

    

86

%  

$

186

    

3

%  

$

5,701

    

100

%  

Mixed use

%  

%  

283

100

%  

283

100

%  

Warehouse

%  

965

72

%  

377

28

%  

1,342

100

%  

Medical/dental office

272

11

%  

2,251

89

%  

%  

2,523

100

%  

Restaurant/fast food

%  

683

100

%  

%  

683

100

%  

Total owner occupied

908

9

%  

8,778

83

%  

846

8

%  

10,532

100

%  

Non-owner occupied:

Office

3,865

19

%  

13,577

68

%  

2,599

13

%  

20,041

100

%  

Mixed use

451

3

%  

6,319

44

%  

7,734

53

%  

14,504

100

%  

Retail

1,031

12

%  

4,533

52

%  

3,192

36

%  

8,756

100

%  

Warehouse

592

7

%  

4,356

47

%  

4,257

46

%  

9,205

100

%  

Mobile home park

4,782

70

%  

353

5

%  

1,664

25

%  

6,799

100

%  

Medical/dental office

 

1,731

 

39

%  

 

2,038

 

46

%  

 

675

 

15

%  

 

4,444

 

100

%  

Restaurant/fast food

%  

495

100

%  

%  

495

100

%  

Automotive - non gasoline

 

 

%  

 

573

 

100

%  

 

 

%  

 

573

 

100

%  

Total non-owner occupied

12,452

19

%  

32,244

50

%  

20,121

31

%  

64,817

100

%  

Total commercial real estate

$

13,360

 

18

%  

$

41,022

 

54

%  

$

20,967

 

28

%  

$

75,349

 

100

%

(1)Inland Empire comprised of San Bernardino and Riverside counties.
(2)Other than the Inland Empire.

Inland

Southern

Other

 

June 30, 2024

Empire(1)

California(2)

California

Total

 

(Dollars in Thousands)

Balance

%

Balance

%

Balance

%

Balance

%

 

Owner occupied:

Office

$

1,540

23

%  

$

4,959

74

%  

$

191

3

%  

$

6,690

    

100

%  

Mixed use

%  

%  

293

100

%  

293

    

100

%  

Warehouse

%  

1,689

81

%  

387

19

%  

2,076

    

100

%  

Medical/dental office

276

11

%  

1,791

74

%  

372

15

%  

2,439

    

100

%  

Restaurant/fast food

690

100

%  

%  

690

100

%  

Total owner occupied

1,816

15

%  

9,129

75

%  

1,243

10

%  

12,188

    

100

%  

Non-owner occupied:

Office

2,951

15

%  

13,837

69

%  

3,296

16

%  

20,084

100

%  

Mixed use

505

3

%  

6,243

40

%  

9,049

57

%  

15,797

100

%  

Retail

1,050

8

%  

6,996

56

%  

4,455

36

%  

12,501

100

%  

Warehouse

605

6

%  

4,774

49

%  

4,469

45

%  

9,848

100

%  

Mobile home park

4,859

70

%  

358

5

%  

1,692

25

%  

6,909

100

%  

Medical/dental office

 

1,797

 

39

%  

 

2,159

 

46

%  

 

689

 

15

%  

 

4,645

 

100

%  

Restaurant/fast food

%  

500

100

%  

%  

500

 

100

%  

Automotive - non gasoline

 

 

%  

 

578

 

100

%  

 

 

%  

 

578

 

100

%  

Live/work

 

 

%  

 

 

%  

 

299

 

100

%  

 

299

 

100

%  

Total non-owner occupied

11,767

16

%  

35,445

50

%  

23,949

34

%  

71,161

100

%  

Total commercial real estate

$

13,583

 

16

%  

$

44,574

 

54

%  

$

25,192

 

30

%  

$

83,349

 

100

%

(1)Inland Empire comprised of San Bernardino and Riverside counties.
(2)Other than the Inland Empire.
Schedule of gross loans held for investment by loan types and risk category

March 31, 2025

Term Loans by Year of Origination

Revolving

(In Thousands)

    

2025

    

2024

    

2023

    

2022

    

2021

    

Prior

    

Loans

    

Total

Mortgage loans:

Single-family:

Pass

$

22,148

$

61,169

$

53,196

$

198,714

$

143,494

$

64,428

$

6

$

543,155

Special Mention

-

-

-

-

760

261

-

1,021

Substandard

-

-

-

-

-

1,201

-

1,201

Total single-family

22,148

61,169

53,196

198,714

144,254

65,890

6

545,377

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Multi-family:

Pass

4,083

21,925

27,332

73,865

84,461

215,188

-

426,854

Special Mention

-

-

-

-

-

628

-

628

Substandard

-

-

-

-

469

1,596

-

2,065

Total multi-family

4,083

21,925

27,332

73,865

84,930

217,412

-

429,547

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Commercial real estate:

Pass

1,135

5,183

12,652

22,887

3,924

27,710

-

73,491

Special Mention

-

-

-

-

-

-

-

-

Substandard

-

247

415

-

-

1,196

-

1,858

Total commercial real estate

1,135

5,430

13,067

22,887

3,924

28,906

-

75,349

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Construction:

Pass

-

837

-

-

-

-

-

837

Special Mention

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

-

Total construction

-

837

-

-

-

-

-

837

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Other:

Pass

-

-

-

-

-

89

-

89

Special Mention

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

-

Total other

-

-

-

-

-

89

-

89

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Commercial business loans:

Pass

-

-

-

105

-

-

4,150

4,255

Special Mention

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

-

Total commercial business loans

-

-

-

105

-

-

4,150

4,255

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Consumer loans:

Not graded

13

-

-

-

-

-

-

13

Pass

-

-

-

-

-

-

39

39

Special Mention

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

-

Total consumer loans

13

-

-

-

-

-

39

52

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Total loans held for investment, gross

$

27,379

$

89,361

$

93,595

$

295,571

$

233,108

$

312,297

$

4,195

$

1,055,506

Total current period gross charge-offs

$

$

$

$

$

$

$

$

June 30, 2024

Term Loans by Year of Origination

Revolving

(In Thousands)

    

2024

    

2023

    

2022

    

2021

    

2020

    

Prior

    

Loans

    

Total

Mortgage loans:

Single-family:

Pass

$

19,476

$

60,688

$

205,817

$

149,084

$

19,606

$

59,702

$

14

$

514,387

Special Mention

-

-

-

-

-

1,111

-

1,111

Substandard

-

-

-

-

-

2,593

-

2,593

Total single-family

19,476

60,688

205,817

149,084

19,606

63,406

14

518,091

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Multi-family:

Pass

10,374

28,892

75,876

86,916

60,938

180,119

-

443,115

Special Mention

-

-

-

-

-

-

-

-

Substandard

-

-

-

478

-

1,589

-

2,067

Total multi-family

10,374

28,892

75,876

87,394

60,938

181,708

-

445,182

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Commercial real estate:

Pass

3,874

13,763

23,298

4,018

5,450

32,946

-

83,349

Special Mention

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

-

Total commercial real estate

3,874

13,763

23,298

4,018

5,450

32,946

-

83,349

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Construction:

Pass

1,480

228

984

-

-

-

-

2,692

Special Mention

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

-

Total construction

1,480

228

984

-

-

-

-

2,692

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Other:

Pass

-

-

-

-

95

-

-

95

Special Mention

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

-

Total other

-

-

-

-

95

-

-

95

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Commercial business loans:

Pass

-

-

133

-

-

-

1,239

1,372

Special Mention

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

-

Total commercial business loans

-

-

133

-

-

-

1,239

1,372

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Consumer loans:

Not graded

23

-

-

-

-

-

-

23

Pass

-

-

-

-

-

-

42

42

Special Mention

-

-

-

-

-

-

-

-

Substandard

-

-

-

-

-

-

-

-

Total consumer loans

23

-

-

-

-

-

42

65

Current period gross charge-off

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Total loans held for investment, gross

$

35,227

$

103,571

$

306,108

$

240,496

$

86,089

$

278,060

$

1,295

$

1,050,846

Total current period gross charge-offs

$

$

$

$

$

$

$

$

Schedule of allowance for credit losses

For the Quarter Ended 

    

For the Nine Months Ended

 

March 31, 

March 31, 

 

(Dollars in Thousands)

    

2025

    

2024

    

2025

    

2024

    

ACL, beginning of period

$

6,956

$

7,000

$

7,065

$

5,946

Impact of ASC 326 CECL adoption(1)

1,197

(Recovery of) provision for credit losses

 

(379)

 

108

 

(488)

 

(35)

Total recoveries

 

 

 

 

Total charge-offs

 

 

 

 

Net recoveries (charge-offs)

 

 

 

 

ACL, end of period

$

6,577

$

7,108

$

6,577

$

7,108

    

ACL on loans as a percentage of gross loans held for investment

 

0.62

%  

 

0.67

%  

 

0.62

%  

 

0.67

%

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

467.78

%  

307.84

%  

467.78

%  

307.84

%  

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

March 31, 2025

30-89 Days Past

Total Loans Held for

(In Thousands)

    

Current

    

Due

    

Non-Performing

    

Investment

Mortgage loans:

Single-family

$

544,269

$

198

$

910

$

545,377

Multi-family

 

429,077

 

 

470

 

429,547

Commercial real estate

 

75,349

 

 

 

75,349

Construction

 

837

 

 

 

837

Other

 

89

 

 

 

89

Commercial business loans

 

4,255

 

 

 

4,255

Consumer loans

 

51

 

1

 

 

52

Total loans held for investment

$

1,053,927

$

199

$

1,380

$

1,055,506

June 30, 2024

    

    

30-89 Days Past

    

    

Total Loans Held for

(In Thousands)

Current

Due

Non-Performing

Investment

Mortgage loans:

Single-family

$

515,498

$

$

2,593

$

518,091

Multi-family

 

445,182

 

 

 

445,182

Commercial real estate

 

83,349

 

 

 

83,349

Construction

 

2,692

 

 

 

2,692

Other

95

 

 

 

95

Commercial business loans

 

1,372

 

 

 

1,372

Consumer loans

 

64

 

1

 

 

65

Total loans held for investment

$

1,048,252

$

1

$

2,593

$

1,050,846

Schedule of allowance for loan losses and recorded investment

    

Quarter Ended March 31, 2025

 

Single- 

Multi- 

Commercial 

Commercial 

(Dollars In Thousands)

 

family

 

family

 

Real Estate

Construction

Other

 

Business

Consumer

Total

ACL:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

ACL, beginning of period

$

6,261

$

549

$

59

$

48

$

2

$

37

$

$

6,956

(Recovery of) provision for credit losses

(460)

126

(1)

(35)

(1)

(8)

(379)

Recoveries

 

 

 

 

 

 

 

 

Charge-offs

 

 

 

 

 

 

 

 

ACL, end of period

$

5,801

$

675

$

58

$

13

$

1

$

29

$

$

6,577

ACL:

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

$

$

$

$

$

$

$

Collectively evaluated for impairment

 

5,801

 

675

 

58

 

13

 

1

 

29

 

 

6,577

ACL, end of period

$

5,801

$

675

$

58

$

13

$

1

$

29

$

$

6,577

Loans held for investment:

 

 

 

 

 

 

 

 

Individually evaluated for impairment

$

9

$

470

$

$

$

$

$

$

479

Collectively evaluated for impairment

 

545,368

 

429,077

 

75,349

 

837

 

89

 

4,255

 

52

 

1,055,027

Total loans held for investment, gross

$

545,377

$

429,547

$

75,349

$

837

$

89

$

4,255

$

52

$

1,055,506

ACL on loans as a percentage of gross loans held for investment

 

1.06

%  

 

0.16

%  

 

0.08

%  

 

1.55

%  

 

1.12

%  

 

0.68

%  

 

%  

 

0.62

%  

Net (recoveries) charge-offs to average loans receivable, net during the period

%  

%  

%  

%  

%  

%  

%  

%  

    

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

%  

%  

%  

%  

%  

%  

%  

%  

Nine Months Ended March 31, 2025

 

Commercial

Commercial

(Dollars In Thousands)

    

Single-family

    

Multi-family

    

Real Estate

    

Construction

    

Other

    

Business

    

Consumer

    

Total

 

ACL:

 

ACL, beginning of period

$

6,295

$

595

$

66

$

97

$

1

$

11

$

$

7,065

(Recovery of) provision for credit losses

(494)

80

(8)

(84)

18

(488)

Recoveries

 

 

 

 

 

 

 

 

Charge-offs

 

 

 

 

 

 

 

 

ACL, end of period

$

5,801

$

675

$

58

$

13

$

1

$

29

$

$

6,577

ACL:

Individually evaluated for impairment

$

$

$

$

$

$

$

$

Collectively evaluated for impairment

 

5,801

 

675

 

58

 

13

 

1

 

29

 

 

6,577

ACL, end of period

$

5,801

$

675

$

58

$

13

$

1

$

29

$

$

6,577

Loans held for investment:

Individually evaluated for impairment

$

9

$

470

$

$

$

$

$

$

479

Collectively evaluated for impairment

 

545,368

 

429,077

 

75,349

 

837

 

89

 

4,255

 

52

 

1,055,027

Total loans held for investment, gross

$

545,377

$

429,547

$

75,349

$

837

$

89

$

4,255

$

52

$

1,055,506

ACL on loans as a percentage of gross loans held for investment

 

1.06

%  

 

0.16

%  

 

0.08

%  

 

1.55

%  

 

1.12

%  

 

0.68

%  

 

%  

 

0.62

%

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

%  

%  

%  

%  

%  

%  

%  

%

Schedule of recorded investment in non-performing loans

At March 31, 2025

Unpaid

Net

Principal

Related

Recorded

Recorded

(In Thousands)

    

Balance(1)

    

Charge-offs

    

Investment

    

ACL(2)

    

Investment

Mortgage loans:

Single-family:

 

  

 

  

 

  

 

  

 

  

With a related allowance

$

927

$

$

927

$

(11)

$

916

Without a related allowance(3)

 

34

 

(25)

 

9

 

 

9

Total single-family loans

 

961

 

(25)

 

936

 

(11)

 

925

Multi-family:

 

  

 

  

 

  

 

  

 

  

Without a related allowance(3)

470

470

470

Total multi-family loans

 

470

 

 

470

 

 

470

Total non-performing loans

$

1,431

$

(25)

$

1,406

$

(11)

$

1,395

(1)Excluding interest applied to principal.
(2)ACL, specifically assigned to the individual loan.
(3)There was no related ACL because the loans were charged-off to their fair value or the fair value of the collateral was higher than the loan balance.

At June 30, 2024

Unpaid

Related

Net

Principal

Charge-offs

Recorded

Recorded

(In Thousands)

    

Balance(1)

    

Related

    

Investment

    

ACL(2)

    

Investment

Mortgage loans:

 

  

 

  

 

  

 

  

 

  

Single-family:

 

  

 

  

 

  

 

  

 

  

With a related allowance

$

2,267

$

$

2,267

$

(73)

$

2,194

Without a related allowance(3)

 

427

 

(25)

 

402

 

 

402

Total single-family loans

 

2,694

 

(25)

 

2,669

 

(73)

 

2,596

Total non-performing loans

$

2,694

$

(25)

$

2,669

$

(73)

$

2,596

(1)Excluding interest applied to principal.
(2)ACL, specifically assigned to the individual loan.
(3)There was no related ACL because the loans were charged-off to their fair value or the fair value of the collateral was higher than the loan balance.
Schedule of recorded investment in non-performing loans

Quarter Ended March 31, 

2025

2024

Average

Interest

Average

Interest

Recorded

Income

Recorded

Income

(In Thousands)

    

Investment

    

Recognized

    

Investment

    

Recognized

Without related ACL:

 

 

 

 

Mortgage loans:

Single-family

$

10

$

84

$

296

 

$

8

Multi-family

156

 

 

166

 

84

 

296

 

 

8

With related ACL:

 

 

 

 

 

 

Mortgage loans:

Single-family

 

1,285

 

36

 

1,852

 

 

33

 

 

1,285

 

36

 

1,852

 

 

33

Total

$

1,451

$

120

$

2,148

 

$

41

Nine Months Ended March 31, 

2025

2024

Average

Interest

Average

Interest

Recorded

Income

Recorded

Income

(In Thousands)

    

Investment

    

Recognized

    

Investment

    

Recognized

Without related ACL:

 

 

 

 

Mortgage loans:

Single-family

$

534

$

90

$

206

 

$

16

Multi-family

52

 

 

 

 

586

 

90

 

206

 

16

With related ACL:

 

 

 

 

Mortgage loans:

Single-family

1,517

 

88

 

1,454

 

64

 

1,517

 

88

 

1,454

 

64

Total

$

2,103

$

178

$

1,660

 

$

80

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

For the Quarter Ended

For the Nine Months Ended

March 31, 

March 31, 

(In Thousands)

    

2025

    

2024

    

2025

    

2024

Balance, beginning of the period

$

55

$

10

$

57

$

42

(Recovery of) provision for credit losses

(12)

16

(14)

(16)

Balance, end of the period

$

43

$

26

$

43

$

26