Loans Held For Investment (Tables)

12 Months Ended

Jun. 30, 2019

Loans and Leases Receivable Disclosure [Abstract]

Schedule of Loans Held for Investment

(In Thousands)	June 30, 2019			June 30, 2018
Mortgage loans:
Single-family	$	324,952		$	314,808
Multi-family		439,041			476,008
Commercial real estate		111,928			109,726
Construction		4,638			3,174
Other		167			167
Commercial business loans		478			500
Consumer loans		134			109
Total loans held for investment, gross		881,338			904,492
Advance payments of escrows		53			18
Deferred loan costs, net		5,610			5,560
Allowance for loan losses		(7,076	)		(7,385	)
Total loans held for investment, net	$	879,925		$	902,685

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	$	97,426	$	38,371	$	117,809	$	59,230	$	12,116	$	324,952
Multi-family	116,357		164,462		135,239		22,795		188		439,041
Commercial real estate	40,053		32,331		37,815		1,280		449		111,928
Construction	3,919		—		—		60		659		4,638
Other	—		—		—		—		167		167
Commercial business loans	122		—		—		—		356		478
Consumer loans	134		—		—		—		—		134
Total loans held for investment,       gross	$	258,011	$	235,164	$	290,863	$	83,365	$	13,935	$	881,338

Schedule of gross loans held for investment by loan types

	June 30, 2019
(In Thousands)	Single- family		Multi- family		Commercial Real Estate		Construction		Other Mortgage		Commercial Business		Consumer		Total
Pass	$	314,036	$	435,177	$	111,001	$	3,667	$	167	$	429	$	134	$	864,611
Special Mention		3,795		3,864		927		—		—		—		—		8,586
Substandard		7,121		—		—		971		—		49		—		8,141
Total loans held for investment, gross	$	324,952	$	439,041	$	111,928	$	4,638	$	167	$	478	$	134	$	881,338

	June 30, 2018
(In Thousands)	Single- family		Multi- family		Commercial Real Estate		Construction		Other Mortgage		Commercial Business		Consumer		Total
Pass	$	304,619	$	472,061	$	108,786	$	3,174	$	167	$	430	$	109	$	889,346
Special Mention		2,548		3,947		940		—		—		—		—		7,435
Substandard		7,641		—		—		—		—		70		—		7,711
Total loans held for  investment, gross	$	314,808	$	476,008	$	109,726	$	3,174	$	167	$	500	$	109	$	904,492

Schedule of allowance for loan losses and recorded investment

	Year Ended June 30, 2019
(In Thousands)	Single- family			Multi- family			Commercial Real Estate			Construction			Other Mortgage			Commercial Business			Consumer			Total
Allowance at beginning of period	$	2,783		$	3,492		$	1,030		$	47		$	3		$	24		$	6		$	7,385
Provision (recovery) for loan losses		(241	)		(273	)		20			14			—			—			5			(475	)
Recoveries		198			—			—			—			—			2			—			200
Charge-offs		(31	)		—			—			—			—			—			(3	)		(34	)
Allowance for loan losses, end of  period	$	2,709		$	3,219		$	1,050		$	61		$	3		$	26		$	8		$	7,076
Allowance:
Individually evaluated for impairment	$	122		$	—		$	—		$	—		$	—		$	8		$	—		$	130
Collectively evaluated for impairment		2,587			3,219			1,050			61			3			18			8			6,946
Allowance for loan losses, end of  period	$	2,709		$	3,219		$	1,050		$	61		$	3		$	26		$	8		$	7,076
Gross Loans:
Individually evaluated for impairment	$	5,199		$	—		$	—		$	971		$	—		$	49		$	—		$	6,219
Collectively evaluated for impairment		319,753			439,041			111,928			3,667			167			429			134			875,119
Total loans held for investment,  gross	$	324,952		$	439,041		$	111,928		$	4,638		$	167		$	478		$	134		$	881,338
Allowance for loan losses as a percentage of gross loans held for  investment		0.83	%		0.73	%		0.94	%		1.32	%		1.80	%		5.44	%		5.97	%		0.80	%

	Year Ended June 30, 2018
(In Thousands)	Single- family			Multi- family			Commercial Real Estate			Construction			Other Mortgage			Commercial Business			Consumer			Total
Allowance at beginning of period	$	3,601		$	3,420		$	879		$	96		$	—		$	36		$	7		$	8,039
Provision (recovery) for loan losses		(704	)		72			151			(49	)		3			(12	)		3			(536	)
Recoveries		278			—			—			—			—			—			—			278
Charge-offs		(392	)		—			—			—			—			—			(4	)		(396	)
Allowance for loan losses, end of period	$	2,783		$	3,492		$	1,030		$	47		$	3		$	24		$	6		$	7,385
Allowance:
Individually evaluated for impairment	$	151		$	—		$	—		$	—		$	—		$	6		$	—		$	157
Collectively evaluated for impairment		2,632			3,492			1,030			47			3			18			6			7,228
Allowance for loan losses, end of period	$	2,783		$	3,492		$	1,030		$	47		$	3		$	24		$	6		$	7,385
Gross Loans:
Individually evaluated for impairment	$	7,072		$	—		$	—		$	—		$	—		$	70		$	—		$	7,142
Collectively evaluated for impairment		307,736			476,008			109,726			3,174			167			430			109			897,350
Total loans held for investment,  gross	$	314,808		$	476,008		$	109,726		$	3,174		$	167		$	500		$	109		$	904,492
Allowance for loan losses as a  percentage of gross loans held for  investment		0.88	%		0.73	%		0.94	%		1.48	%		1.80	%		4.80	%		5.50	%		0.81	%

Schedule of Allowance for Loan Losses

	Year Ended June 30,
(In Thousands)	2019			2018
Balance, beginning of year	$	7,385		$	8,039
Recovery from the allowance for loan losses		(475	)		(536	)
Recoveries		200			278
Charge-offs		(34	)		(396	)
Balance, end of year	$	7,076		$	7,385

Schedule of Recorded Investment in Non-Performing Loans

	At or For the Year Ended June 30, 2019
	Unpaid										Net		Average		Interest
	Principal		Related			Recorded					Recorded		Recorded		Income
(In Thousands)	Balance		Charge-offs			Investment		Allowance(1)			Investment		Investment		Recognized
Mortgage loans:
Single-family:
With a related allowance	$	2,640	$	—		$	2,640	$	(434	)	$	2,206	$	1,583	$	110
Without a related allowance(2)		3,518		(518	)		3,000		—			3,000		4,301		293
Total single-family		6,158		(518	)		5,640		(434	)		5,206		5,884		403
Construction:
Without a related allowance(2)		971		—			971		—			971		664		—
Total commercial real estate		971		—			971		—			971		664		—
Commercial business loans:
With a related allowance		49		—			49		(8	)		41		58		5
Total commercial business loans		49		—			49		(8	)		41		58		5
Total non-performing loans	$	7,178	$	(518	)	$	6,660	$	(442	)	$	6,218	$	6,606	$	408

⁽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.

	At or For the Year Ended June 30, 2018
	Unpaid										Net		Average		Interest
	Principal		Related			Recorded					Recorded		Recorded		Income
(In Thousands)	Balance		Charge-offs			Investment		Allowance(1)			Investment		Investment		Recognized
Mortgage loans:
Single-family:
With a related allowance	$	1,333	$	—		$	1,333	$	(185	)	$	1,148	$	871	$	51
Without a related allowance(2)		5,569		(724	)		4,845		—			4,845		6,767		203
Total single-family		6,902		(724	)		6,178		(185	)		5,993		7,638		254
Commercial real estate:
Without a related allowance(2)		—		—			—		—			—		17		13
Total commercial real estate		—		—			—		—			—		17		13
Commercial business loans:
With a related allowance		70		—			70		(6	)		64		75		5
Total commercial business loans		70		—			70		(6	)		64		75		5
Total non-performing loans	$	6,972	$	(724	)	$	6,248	$	(191	)	$	6,057	$	7,730	$	272

⁽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

	June 30, 2019
(In Thousands)	Current		30-89 Days Past Due		Non-Accrual(1)		Total Loans Held for Investment, Gross
Mortgage loans:
Single-family	$	318,671	$	660	$	5,621	$	324,952
Multi-family		439,041		—		—		439,041
Commercial real estate		111,928		—		—		111,928
Construction		3,667		—		971		4,638
Other		167		—		—		167
Commercial business loans		429		—		49		478
Consumer loans		129		5		—		134
Total loans held for investment, gross	$	874,032	$	665	$	6,641	$	881,338

⁽¹⁾ All loans 90 days or greater past due are placed on non-accrual status.

	June 30, 2018
(In Thousands)	Current		30-89 Days Past Due		Non-Accrual(1)		Total Loans Held for Investment, Gross
Mortgage loans:
Single-family	$	307,863	$	804	$	6,141	$	314,808
Multi-family		476,008		—		—		476,008
Commercial real estate		109,726		—		—		109,726
Construction		3,174		—		—		3,174
Other		167		—		—		167
Commercial business loans		430		—		70		500
Consumer loans		108		1		—		109
Total loans held for investment, gross	$	897,476	$	805	$	6,211	$	904,492

⁽¹⁾ All loans 90 days or greater past due are placed on non-accrual status.

Schedule of Troubled Debt Restructurings by Nonaccrual Versus Accrual Status

	At June 30,
(In Thousands)	2019		2018
Restructured loans on non-accrual status:
Mortgage loans:
Single-family	$	1,891	$	3,328
Commercial business loans		41		64
Total		1,932		3,392
Restructured loans on accrual status:
Mortgage loans:
Single-family		1,861		1,788
Total		1,861		1,788
Total restructured loans	$	3,793	$	5,180

Schedule of restructured loans by type, net of allowance for loan losses or charge-offs

	At June 30, 2019
	Unpaid										Net
	Principal		Related			Recorded					Recorded
(In Thousands)	Balance		Charge-offs			Investment		Allowance(1)			Investment
Mortgage loans:
Single-family:
With a related allowance	$	2,199	$	—		$	2,199	$	(122	)	$	2,077
Without a related allowance(2)		2,040		(365	)		1,675		—			1,675
Total single-family		4,239		(365	)		3,874		(122	)		3,752
Commercial business loans:
With a related allowance		49		—			49		(8	)		41
Total commercial business loans		49		—			49		(8	)		41
Total restructured loans	$	4,288	$	(365	)	$	3,923	$	(130	)	$	3,793

⁽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.

	At June 30, 2018
	Unpaid										Net
	Principal		Related			Recorded					Recorded
(In Thousands)	Balance		Charge-offs			Investment		Allowance(1)			Investment
Mortgage loans:
Single-family:
With a related allowance	$	2,228	$	—		$	2,228	$	(151	)	$	2,077
Without a related allowance(2)		3,450		(411	)		3,039		—			3,039
Total single-family		5,678		(411	)		5,267		(151	)		5,116
Commercial business loans:
With a related allowance		70		—			70		(6	)		64
Total commercial business loans		70		—			70		(6	)		64
Total restructured loans	$	5,748	$	(411	)	$	5,337	$	(157	)	$	5,180

⁽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

	Year Ended June 30,
(In Thousands)	2019			2018
Balance, beginning of year	$	677		$	578
Originations		—			2,415
Sales and payments		(675	)		(2,316	)
Balance, end of year	$	2		$	677