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Loans (Tables)
12 Months Ended
Jun. 30, 2024
Loans and Leases Receivable Disclosure [Line Items]  
Summary of loans by major category

    

June 30, 2024

June 30, 2023

Commercial real estate

$

74,316

$

84,581

Commercial and industrial

 

5,158

 

6,878

Construction

 

1,313

 

1,905

One-to-four-family residential

 

57,808

 

59,563

Multi-family real estate

 

45,088

 

44,184

Consumer

 

1,609

 

2,825

Total loans

 

185,292

 

199,936

Deferred loan fees

 

(47)

 

(63)

Allowance for loan losses

 

(1,797)

 

(2,159)

Loans, net

$

183,448

$

197,714

The following table summarizes the activity in the allowance for credit losses - loans by loan class for the year ended June 30, 2024:

Allowance for Credit Losses-Loans

(Dollars in thousands)

Provision for

(Recovery of)

Beginning

Impact of

Credit

Ending

Balance

Adoption of

Losses-

Balance

    

July 1, 2023

    

ASC 326

    

Charge-offs

    

Recoveries

    

Loans

    

June 30, 2024

Commercial real estate

$

1,196

$

(818)

$

$

$

(119)

$

259

Commercial and industrial

18

5

(7)

16

Construction

6

2

20

28

One-to-four-family residential

207

1,137

(30)

1,314

Multi-family real estate

365

(147)

(43)

175

Consumer

2

11

3

(11)

5

Unallocated

365

(365)

Total loans

$

2,159

$

(175)

$

$

3

$

(190)

$

1,797

Schedule of changes in the allowance for loan losses

Commercial

Commercial

One-to-Four

Multi-Family

    

Real Estate

    

and Industrial

    

Construction

    

Residential

    

Real Estate

    

Consumer

    

Unallocated

    

Total

June 30, 2023

Allowance for credit losses

Balance at beginning of year

$

1,591,644

$

32,701

$

55,029

$

263,951

$

233,371

$

601

$

17,753

$

2,195,050

Charge-offs

(136,753)

(136,753)

Recoveries

98,084

2,209

100,293

Provisions

(356,496)

(14,990)

(48,727)

(57,180)

132,030

(2,157)

347,520

Balance at June 30, 2023

$

1,196,479

$

17,711

$

6,302

$

206,771

$

365,401

$

653

$

365,273

$

2,158,590

Individually evaluated for impairment

$

$

$

$

$

$

$

$

Collectively evaluated for impairment

1,196,479

17,711

6,302

206,771

365,401

653

365,273

2,158,590

Balance at end of period

$

1,196,479

$

17,711

$

6,302

$

206,771

$

365,401

$

653

$

365,273

$

2,158,590

Loans

Individually evaluated for impairment

$

$

$

$

117,103

$

$

$

$

117,103

Collectively evaluated for impairment

84,580,946

6,878,209

1,905,255

59,445,715

44,183,871

2,824,747

199,818,743

Balance at end of period

$

84,580,946

$

6,878,209

$

1,905,255

$

59,562,818

$

44,183,871

$

2,824,747

$

$

199,935,846

Schedule of breakdown of the provision for credit losses

The following table presents a breakdown of the provision for (recovery of) credit losses for the years ended June 30, 2024 and 2023:

    

2024

    

2023

Provision for (recovery of) credit losses:

Provision for (recovery of) loans

$

(190,000)

$

Provision for unfunded commitments

Total provision for (recovery of) credit losses

$

(190,000)

$

Summary of credit quality information by loan portfolio

Revolving

Loans

Revolving

Converted to

    

2024

    

2023

    

2022

    

2021

    

2020

    

Prior

    

Loans

    

Term Loans

    

Total

(Dollars in thousands)

Commercial real estate

Pass

$

4,785

$

5,096

$

25,584

$

23,385

$

8,326

$

6,823

$

317

$

$

74,316

Special Mention/Watch

Substandard

Nonaccrual

Total commercial real estate

$

4,785

$

5,096

$

25,584

$

23,385

$

8,326

$

6,823

$

317

$

$

74,316

Commercial and industrial

Pass

$

96

$

807

$

1,598

$

2,162

$

75

$

393

$

27

$

$

5,158

Special Mention/Watch

Substandard

Nonaccrual

Total commercial and industrial

$

96

$

807

$

1,598

$

2,162

$

75

$

393

$

27

$

$

5,158

Construction

Pass

$

$

1,313

$

$

$

$

$

$

$

1,313

Special Mention/Watch

Substandard

Nonaccrual

Total construction

$

$

1,313

$

$

$

$

$

$

$

1,313

One-to-four-family residential

Performing

$

3,345

$

11,209

$

11,459

$

13,756

$

6,035

$

12,004

$

$

$

57,808

Non-performing

Total one-to-four-family

$

3,345

$

11,209

$

11,459

$

13,756

$

6,035

$

12,004

$

$

$

57,808

Multi-family real estate

Performing

$

1,829

$

8,735

$

16,666

$

13,344

$

1,857

$

2,604

$

53

$

$

45,088

Non-performing

Total multi-family real estate

$

1,829

$

8,735

$

16,666

$

13,344

$

1,857

$

2,604

$

53

$

$

45,088

Consumer

Performing

$

162

$

87

$

138

$

5

$

53

$

$

1,164

$

$

1,609

Non-performing

Total consumer

$

162

$

87

$

138

$

5

$

53

$

$

1,164

$

$

1,609

Total loans

$

10,217

$

27,247

$

55,445

$

52,652

$

16,346

$

21,824

$

1,561

$

$

185,292

Summary of aging of the past due loans by loan class within the portfolio segments

    

Still Accruing

30-59 Days

60-89 Days

Over 90 Days

Nonaccrual

    

Past Due

    

Past Due

    

Past Due

    

Balance

June 30, 2024

 

  

 

  

 

  

 

  

Commercial real estate

$

$

$

$

Commercial and industrial

 

 

 

 

Construction

 

 

 

 

One-to-four-family residential

 

68,031

 

 

 

Multi-family real estate

 

 

 

 

Consumer

 

 

 

 

Total

$

68,031

$

$

$

    

Still Accruing

30-59 Days

60-89 Days

Over 90 Days

Nonaccrual

    

Past Due

    

Past Due

    

Past Due

    

Balance

June 30, 2023

 

  

 

  

 

  

 

  

Commercial real estate

$

$

$

$

Commercial and industrial

 

16,487

 

 

 

Construction

 

 

 

 

One-to-four-family residential

 

26,986

 

 

 

Multi-family real estate

 

 

 

 

Consumer

 

 

 

 

Total

$

43,473

$

$

$

Summary of individually impaired loans by class of loans

    

    

Unpaid

    

  

    

Average

    

Interest

    

Recorded

    

Principal

    

Related

    

Recorded

    

Income

Investment

Balance (1)

Allowance

Investment

Recognized

June 30, 2023

  

  

  

  

  

With no related allowance recorded

  

  

  

  

  

One-to-four-family residential

$

117,103

$

117,103

$

$

123,307

$

6,967

$

117,103

$

117,103

$

$

123,307

$

6,967

    

    

Unpaid

    

  

    

Average

    

Interest

    

Recorded

    

Principal

    

Related

    

Recorded

    

Income

Investment

Balance (1)

Allowance

Investment

Recognized

With an allowance recorded

One-to-four-family residential

$

$

$

$

$

$

$

$

$

$

(1)Represents the borrower's loan obligation, gross of any previously charged-off amounts.
Commercial Real Estate And Commercial Portfolio  
Loans and Leases Receivable Disclosure [Line Items]  
Summary of credit quality information by loan portfolio

Special Mention/

    

Pass

    

Watch

    

Substandard

    

Doubtful

    

Total

June 30, 2023

 

  

 

  

 

  

 

  

Commercial real estate

$

84,580,946

$

$

$

$

84,580,946

Commercial and industrial

 

6,878,209

 

 

 

6,878,209

Construction

 

1,905,255

 

 

 

1,905,255

$

93,364,410

$

$

$

$

93,364,410

Residential Real Estate And Consumer Portfolio  
Loans and Leases Receivable Disclosure [Line Items]  
Summary of credit quality information by loan portfolio

    

Performing

    

Nonperforming

    

Total

June 30, 2023

 

  

 

  

One-to-four-family residential

$

59,562,818

$

$

59,562,818

Multi-family real estate

 

44,183,871

 

44,183,871

Consumer

 

2,824,747

 

2,824,747

$

106,571,436

$

$

106,571,436