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Loans Held For Investment (Tables)
 12 Months Ended
Jun. 30, 2013
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of Loans Held for Investment
Loans held for investment consisted of the following:

(In Thousands)
June 30, 2013
June 30,
2012
Mortgage loans:
 
 
Single-family
$
404,341

$
439,024

Multi-family
262,316

278,057

Commercial real estate
92,488

95,302

Construction
292

—

Other
—

755

Commercial business loans
1,687

2,580

Consumer loans
437

506

Total loans held for investment, gross
761,561

816,224

 
 
 
Undisbursed loan funds
(292
)
—

Deferred loan costs, net
2,063

2,095

Allowance for loan losses
(14,935
)
(21,483
)
Total loans held for investment, net
$
748,397

$
796,836
Schedule of Loans Held for Investment, Contractual Repricing
 
Adjustable Rate
 
 
(In Thousands)
Within One Year
After
One Year
Through 3 Years
After
3 Years
Through 5 Years
After
5 Years
Through 10 Years
Fixed Rate
Total
Mortgage loans:
 
 
 
 
 
 
Single-family
$
371,167

$
11,749

$
4,838

$
2,237

$
14,350

$
404,341

Multi-family
141,664

8,249

91,265

10,378

10,760

262,316

Commercial real estate
44,573

2,313

30,967

688

13,947

92,488

Construction
292

—

—

—

—

292

Commercial business loans
793

—

—

—

894

1,687

Consumer loans
420

—

—

—

17

437

Total loans held for investment, gross
$
558,909

$
22,311

$
127,070

$
13,303

$
39,968

$
761,561
Schedule of Allowance for Loan Losses
The following tables summarize the Corporation’s allowance for loan losses at June 30, 2013 and 2012:

(In Thousands)
June 30, 2013
June 30,
2012
Collectively evaluated for impairment:
 
 
Mortgage loans:
 
 
Single-family
$
8,949

$
15,189

Multi-family
4,689

3,524

Commercial real estate
1,053

1,810

Other
—

7

Commercial business loans
78

169

Consumer loans
12

13

Total collectively evaluated allowance
14,781

20,712

 
 
 
Individually evaluated for impairment:
 
 
Mortgage loans:
 
 
Single-family
113

744

Multi-family
—

27

Commercial business loans
41

—

Total individually evaluated allowance
154

771

Total loan loss allowance
$
14,935

$
21,483


The following summarizes the components of the net change in the allowance for loan losses for the periods indicated:

(In Thousands)
Year Ended June 30,
2013
 
2012
 
2011
 
 
 
 
 
 
 
 
Balance, beginning of year
$
21,483

 
$
30,482

 
$
43,501

 
(Recovery) provision for loan losses
(1,499
)
 
5,777

 
5,465

 
Recoveries
762

 
375

 
27

 
Charge-offs
(5,811
)
 
(15,151
)
 
(18,511
)
 
Balance, end of year
$
14,935

 
$
21,483

 
$
30,482

 
Schedule of Recorded Investment in Non-Performing Loans
The following tables identify the Corporation’s total recorded investment in non-performing loans by type, net of allowance for loan losses or charge-offs at June 30, 2013 and 2012:

 
 
 
(In Thousands)
June 30, 2013
 
Recorded
Investment
Allowance
for Loan
Losses (1)
 
Net
Investment
Mortgage loans:
 
 
 
Single-family:
 
 
 
With a related allowance
$
9,908

$
(2,350
)
$
7,558

Without a related allowance (2)
5,665

—

5,665

Total single-family loans
15,573

(2,350
)
13,223

 
 
 
 
Multi-family:
 
 
 
With a related allowance
4,519

(1,320
)
3,199

Without a related allowance (2)
558

—

558

Total multi-family loans
5,077

(1,320
)
3,757

 
 
 
 
Commercial real estate:
 
 
 
Without a related allowance (2)
4,572

—

4,572

Total commercial real estate loans
4,572

—

4,572

 
 
 
 
Commercial business loans:
 
 
 
With a related allowance
189

(59
)
130

Total commercial business loans
189

(59
)
130

 
 
 
 
Total non-performing loans
$
25,411

$
(3,729
)
$
21,682


(1) 
Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan.
(2) 
There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the loan balance.
 
 
 
(In Thousands)
June 30, 2012
 
Recorded
Investment
Allowance
for Loan
Losses (1)
 
Net
Investment
Mortgage loans:
 
 
 
Single-family:
 
 
 
With a related allowance
$
26,214

$
(5,476
)
$
20,738

Without a related allowance (2)
8,352

—

8,352

Total single-family loans
34,566

(5,476
)
29,090

 
 
 
 
Multi-family:
 
 
 
With a related allowance
1,806

(349
)
1,457

Total multi-family loans
1,806

(349
)
1,457

 
 
 
 
Commercial real estate:
 
 
 
With a related allowance
3,820

(573
)
3,247

Total commercial real estate loans
3,820

(573
)
3,247

 
 
 
 
Other:
 
 
 
Without a related allowance (2)
522

—

522

Total other loans
522

—

522

 
 
 
 
Commercial business loans:
 
 
 
With a related allowance
246

(74
)
172

Total commercial business loans
246

(74
)
172

 
 
 
 
Total non-performing loans
$
40,960

$
(6,472
)
$
34,488


(1) 
Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan.
(2) 
There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the loan balance.
Schedule of Aging Analysis of Non-Performing Loans
The following table describes the aging analysis (length of time on non-performing status) of non-performing loans, net of allowance for loan losses or charge-offs, as of June 30, 2013 and 2012:

As of June 30, 2013 (In Thousands)
3 Months or
Less
Over 3 to
6 Months
Over 6 to
12 Months
Over 12
Months
 
Total
Mortgage loans:
 
 
 
 
 
Single-family
$
2,089

$
1,650

$
1,801

$
7,683

$
13,223

Multi-family
2,109

383

—

1,265

3,757

Commercial real estate
1,183

—

1,744

1,645

4,572

Commercial business loans
—

—

—

130

130

Total
$
5,381

$
2,033

$
3,545

$
10,723

$
21,682
Effect of Nonperforming Loans on Interest Income
The effect of the non-performing loans on interest income for the years ended June 30, 2013, 2012 and 2011 is presented below:

(In Thousands)
Year Ended June 30,
2013
 
2012
 
2011
 
 
 
 
 
 
 
 
Contractual interest due
$
1,763

 
$
2,432

 
$
3,605

 
Interest recognized
(885
)
 
(1,556
)
 
(2,313
)
 
Net foregone interest
$
878

 
$
876

 
$
1,292

 
Schedule of Troubled Debt Restructurings by Nonaccrual Versus Accrual Status
The following table summarizes at the dates indicated the restructured loan balances, net of allowance for loan losses or charge-offs, by loan type and non-accrual versus accrual status:

(In Thousands)
June 30, 2013
June 30, 2012
Restructured loans on non-accrual status:
 
 
Mortgage loans:
 
 
Single-family
$
5,094

$
11,995

Multi-family
2,521

490

Commercial real estate
1,354

2,483

Other
—

522

Commercial business loans
123

165

Total
9,092

15,655

 
 
 
Restructured loans on accrual status:
 

 

Mortgage loans:
 

 

Single-family
434

6,148

Multi-family
—

3,266

Commercial business loans
—

33

Total
434

9,447

Total restructured loans
$
9,526

$
25,102


The following table shows the restructured loans by type, net of allowance for loan losses or charge-offs, at June 30, 2013 and 2012:

 
 
 
(In Thousands)
June 30, 2013
 
Recorded
Investment
Allowance
for Loan
Losses (1)
 
Net
Investment
Mortgage loans:
 
 
 
Single-family:
 
 
 
With a related allowance
$
3,774

$
(795
)
$
2,979

Without a related allowance (2)
2,549

—

2,549

Total single-family loans
6,323

(795
)
5,528

 
 
 
 
Multi-family:
 
 
 
With a related allowance
3,266

(1,006
)
2,260

Without a related allowance (2)
261

—

261

Total multi-family loans
3,527

(1,006
)
2,521

 
 
 
 
Commercial real estate:
 
 
 
Without a related allowance (2)
1,354

—

1,354

Total commercial real estate loans
1,354

—

1,354

 
 
 
 
Commercial business loans:
 
 
 
With a related allowance
180

(57
)
123

Total commercial business loans
180

(57
)
123

 
 
 
 
Total restructured loans
$
11,384

$
(1,858
)
$
9,526


(1) 
Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan.
(2) 
There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the loan balance.
 
 
 
(In Thousands)
June 30, 2012
 
Recorded
Investment
Allowance
for Loan
Losses (1)
 
Net
Investment
Mortgage loans:
 
 
 
Single-family:
 
 
 
With a related allowance
$
9,465

$
(486
)
$
8,979

Without a related allowance (2)
9,164

—

9,164

Total single-family loans
18,629

(486
)
18,143

 
 
 
 
Multi-family:
 
 
 
With a related allowance
517

(27
)
490

Without a related allowance (2)
3,266

—

3,266

Total multi-family loans
3,783

(27
)
3,756

 
 
 
 
Commercial real estate:
 
 
 
With a related allowance
2,921

(438
)
2,483

Total commercial real estate loans
2,921

(438
)
2,483

 
 
 
 
Other:
 
 
 
Without a related allowance (2)
522

—

522

Total other loans
522

—

522

 
 
 
 
Commercial business loans:
 
 
 
With a related allowance
236

(71
)
165

Without a related allowance (2)
33

—

33

Total commercial business loans
269

(71
)
198

Total restructured loans
$
26,124

$
(1,022
)
$
25,102


(1) 
Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan.
(2) 
There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the loan balance.
Summary of Related Party Loan Activity
The following is a summary of related-party loan activity:

(In Thousands)
Year Ended June 30,
2013
 
2012
 
2011
 
 
 
 
 
 
 
 
Balance, beginning of year
$
2,030

 
$
2,036

 
$
2,341

 
Originations
3,581

 
2,807

 
2,742

 
Sales and payments
(3,587
)
 
(2,813
)
 
(3,047
)
 
Balance, end of year
$
2,024

 
$
2,030

 
$
2,036