Loans Held for Investment (Tables)

12 Months Ended

Jun. 30, 2024

Loans Held for Investment

Schedule of loans held for investment

(In Thousands)	June 30, 2024		June 30, 2023
Mortgage loans:
Single-family	$	518,091	$	518,821
Multi-family		445,182		461,113
Commercial real estate		83,349		90,558
Construction		2,692		1,936
Other		95		106
Commercial business loans		1,372		1,565
Consumer loans		65		65
Total loans held for investment, gross		1,050,846		1,074,164
Advance payments of escrows		102		148
Deferred loan costs, net		9,096		9,263
ACL on loans		(7,065)		(5,946)
Total loans held for investment, net	$	1,052,979	$	1,077,629

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	$	54,686	$	30,234	$	104,979	$	219,436	$	108,756	$	518,091
Multi-family		180,464		144,227		115,785		4,612		94		445,182
Commercial real estate		33,863		24,241		24,018		—		1,227		83,349
Construction		2,692		—		—		—		—		2,692
Other		—		—		—		—		95		95
Commercial business loans		1,372		—		—		—		—		1,372
Consumer loans		65		—		—		—		—		65
Total loans held for investment, gross	$	273,142	$	198,702	$	244,782	$	224,048	$	110,172	$	1,050,846

Schedule of commercial real estate loans by property types and LTVs

	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	%
Medical/dental office		2,439		4,645		7,084	9		44	%
Mobile home park		—		6,909		6,909	8		38	%
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.

	Owner		Non-Owner				% of Total		Weighted
June 30, 2023	Occupied Loan		Occupied Loan			Total	Commercial		Average
(Dollars In Thousands)	Balance		Balance			Balance	Real Estate		LTV (1)
Office	$	9,283	$	23,915	$	33,198	37	%	44	%
Mixed use (2)		306		17,614		17,920	20		36	%
Retail		—		12,991		12,991	14		32	%
Warehouse		2,133		8,511		10,644	12		31	%
Mobile home park		—		7,057		7,057	8		39	%
Medical/dental office		1,117		5,524		6,641	7		50	%
Restaurant/fast food		—		1,014		1,014	1		24	%
Automotive - non gasoline		—		485		485	1		19	%
Live/work		—		337		337	—		15	%
Light industrial/manufacturing		—		271		271	—		8	%
Total commercial real estate	$	12,839	$	77,719	$	90,558	100	%	38	%

(1) Current loan balance as a percentage of the original appraised value.

(2) Mixed use includes $8.2 million in Office/Retail, $5.6 million in Multi-family/Retail, $3.4 million in Other Mixed Use and $700,000 in Multi-family/Office.

Schedule of commercial real estate loans by geographic concentration

	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	%
Automotive - non gasoline		—	—	%		578	100	%		—	—	%		578	100	%
Restaurant/fast food		—	—	%		500	100	%		—	—	%		500	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.

	Inland				Southern				Other
June 30, 2023	Empire(1)				California(2)				California				Total
(Dollars in Thousands)	Balance		%		Balance		%		Balance		%		Balance		%
Owner occupied:
Office	$	2,649	29	%	$	6,436	69	%	$	198	2	%	$	9,283	100	%
Mixed use		—	—	%		—	—	%		306	100	%		306	100	%
Warehouse		—	—	%		1,733	81	%		400	19	%		2,133	100	%
Medical/dental office		281	25	%		453	41	%		383	34	%		1,117	100	%
Total owner occupied		2,930	23	%		8,622	67	%		1,287	10	%		12,839	100	%
Non-owner occupied:
Office		4,420	18	%		14,767	62	%		4,728	20	%		23,915	100	%
Mixed use		660	4	%		7,292	41	%		9,662	55	%		17,614	100	%
Retail		1,076	8	%		7,353	57	%		4,562	35	%		12,991	100	%
Warehouse		623	7	%		5,690	67	%		2,198	26	%		8,511	100	%
Mobile home park		4,967	70	%		364	5	%		1,726	25	%		7,057	100	%
Medical/dental office		1,910	35	%		3,325	60	%		289	5	%		5,524	100	%
Restaurant/fast food		—	—	%		1,014	100	%		—	—	%		1,014	100	%
Automotive - non gasoline		—	—	%		485	100	%		—	—	%		485	100	%
Live/work		—	—	%		—	—	%		337	100	%		337	100	%
Light industrial/ manufacturing		—	—	%		271	100	%		—	—	%		271	100	%
Total non-owner occupied		13,656	18	%		40,561	52	%		23,502	30	%		77,719	100	%
Total commercial real estate	$	16,586	18	%	$	49,183	54	%	$	24,789	28	%	$	90,558	100	%

(1)Other than the Inland Empire.

Schedule of gross loans held for investment by loan types and risk category

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	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

June 30, 2023	Term Loans by Year of Origination												Revolving
(In Thousands)	2023		2022		2021		2020		2019		Prior		Loans		Total
Mortgage loans:
Single-family:
Pass	$	51,378	$	216,989	$	157,015	$	20,741	$	11,793	$	59,451	$	32	$	517,399
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		251		-		1,171		-		1,422
Total single-family		51,378		216,989		157,015		20,992		11,793		60,622		32		518,821
Current period gross charge-off	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Multi-family:
Pass		17,429		77,956		90,926		65,127		59,709		149,456		-		460,603
Special Mention		-		-		510		-		-		-		-		510
Substandard		-		-		-		-		-		-		-		-
Total multi-family		17,429		77,956		91,436		65,127		59,709		149,456		-		461,113
Current period gross charge-off	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Commercial real estate:
Pass		8,586		23,815		5,527		6,525		9,981		35,577		-		90,011
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		547		-		547
Total commercial real estate		8,586		23,815		5,527		6,525		9,981		36,124		-		90,558
Current period gross charge-off	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Construction:
Pass		94		726		1,116		-		-		-		-		1,936
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Total construction		94		726		1,116		-		-		-		-		1,936
Current period gross charge-off	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Other:
Pass		-		-		-		106		-		-		-		106
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Total other		-		-		-		106		-		-		-		106
Current period gross charge-off	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Commercial business loans:
Pass		-		171		-		-		-		-		1,394		1,565
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Total commercial business loans		-		171		-		-		-		-		1,394		1,565
Current period gross charge-off	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Consumer loans:
Not graded		15		-		-		-		-		-		-		15
Pass		-		-		-		-		-		-		50		50
Special Mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Total consumer loans		15		-		-		-		-		-		50		65
Current period gross charge-off	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Total loans held for investment, gross	$	77,502	$	319,657	$	255,094	$	92,750	$	81,483	$	246,202	$	1,476	$	1,074,164
Total current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Schedule of allowance for loan losses and recorded investment

	Year Ended June 30, 2024
							Commercial									Commercial
(In Thousands)	Single-family			Multi-family			Real Estate			Construction			Other Mortgage			Business			Consumer			Total
ACL:
ACL, beginning of period	$	1,720		$	3,270		$	868		$	15		$	2		$	67		$	4		$	5,946
Adjustment to ACL for adoption of ASC 326		4,605			(2,614)			(786)			47			3			(54)			(4)			1,197
(Recovery of) provision for credit losses		(30)			(61)			(16)			35			(4)			(2)			—			(78)
Recoveries		—			—			—			—			—			—			—			—
Charge-offs		—			—			—			—			—			—			—			—
ACL, end of period	$	6,295		$	595		$	66		$	97		$	1		$	11		$	—		$	7,065
ACL:
Individually evaluated for allowances	$	37		$	—		$	—		$	—		$	—		$	—		$	—		$	37
Collectively evaluated for allowances		6,258			595			66			97			1			11			—			7,028
ACL, end of period	$	6,295		$	595		$	66		$	97		$	1		$	11		$	—		$	7,065
Loans held for investment:
Individually evaluated for allowances	$	1,134		$	—		$	—		$	—		$	—		$	—		$	—		$	1,134
Collectively evaluated for allowances		516,957			445,182			83,349			2,692			95			1,372			65			1,049,712
Total loans held for investment, gross	$	518,091		$	445,182		$	83,349		$	2,692		$	95		$	1,372		$	65		$	1,050,846
ACL on loans as a percentage of gross loans held for investment		1.22	%		0.13	%		0.08	%		3.60	%		1.05	%		0.80	%		—	%		0.67	%
Net (recoveries) charge-offs to average loans receivable, net during the period		—	%		—	%		—	%		—	%		—	%		—	%		—	%		—	%

	Year Ended June 30, 2023
							Commercial									Commercial
(In Thousands)	Single-family			Multi-family			Real Estate			Construction			Other Mortgage			Business			Consumer			Total
ACL:
ACL, beginning of period	$	1,383		$	3,282		$	816		$	23		$	3		$	52		$	5		$	5,564
Provision for (recovery of) credit losses		329			(12)			52			(8)			(1)			15			(1)			374
Recoveries		8			—			—			—			—			—			—			8
Charge-offs		—			—			—			—			—			—			—			—
ACL, end of period	$	1,720		$	3,270		$	868		$	15		$	2		$	67		$	4		$	5,946
ACL:
Individually evaluated for allowances	$	37		$	—		$	—		$	—		$	—		$	—		$	—		$	37
Collectively evaluated for allowances		1,683			3,270			868			15			2			67			4			5,909
ACL, end of period	$	1,720		$	3,270		$	868		$	15		$	2		$	67		$	4		$	5,946
Loans held for investment:
Individually evaluated for allowances	$	996		$	—		$	—		$	—		$	—		$	—		$	—		$	996
Collectively evaluated for allowances		517,825			461,113			90,558			1,936			106			1,565			65			1,073,168
Total loans held for investment, gross	$	518,821		$	461,113		$	90,558		$	1,936		$	106		$	1,565		$	65		$	1,074,164
ACL on loans as a percentage of gross loans held for investment		0.33	%		0.71	%		0.96	%		0.77	%		1.89	%		4.28	%		6.15	%		0.55	%
Net (recoveries) charge-offs to average loans receivable, net during the period		(0.00)	%		—	%		—	%		—	%		—	%		—	%		—	%		(0.00)	%

	Year Ended June 30,
(In Thousands)	2024		2023
Balance, beginning of year	$	5,946	$	5,564
Adjustment to ACL for adoption of ASC 326		1,197		—
(Recovery of) provision for credit losses		(78)		374
Recoveries		—		8
Charge-offs		—		—
Balance, end of year	$	7,065	$	5,946

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

	Year Ended
	June 30,
(In Thousands)	2024		2023
Balance, beginning of the year	$	42	$	130
Impact of ASC 326 CECL adoption		—		—
Provision for (recovery of) credit losses		15		(88)
Balance, end of the year	$	57	$	42

Schedule of recorded investment in restructured loans

	At or For the Year Ended June 30, 2024
	Unpaid								Net		Average		Interest
	Principal		Related		Recorded				Recorded		Recorded		Income
(In Thousands)	Balance		Charge-offs		Investment		ACL(1)		Investment		Investment		Recognized
Mortgage loans:
Single-family:
With a related allowance	$	2,267	$	—	$	2,267	$	(73)	$	2,194	$	1,627	$	96
Without a related allowance(2)		427		(25)		402		—		402		444		23
Total single-family loans		2,694		(25)		2,669		(73)		2,596		2,071		119
Total non-performing loans	$	2,694	$	(25)	$	2,669	$	(73)	$	2,596	$	2,071	$	119

(1) ACL, specifically assigned to the individual loan.

(2) 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 or For the Year Ended June 30, 2023
	Unpaid								Net		Average		Interest
	Principal		Related		Recorded				Recorded		Recorded		Income
(In Thousands)	Balance		Charge-offs		Investment		ACL(1)		Investment		Investment		Recognized
Mortgage loans:
Single-family:
With a related allowance	$	1,171	$	—	$	1,171	$	(122)	$	1,049	$	996	$	42
Without a related allowance(2)		276		(25)		251		—		251		112		—
Total single-family loans		1,447		(25)		1,422		(122)		1,300		1,108		42
Total non-performing loans	$	1,447	$	(25)	$	1,422	$	(122)	$	1,300	$	1,108	$	42

(1) ACL, specifically assigned to the individual loan.

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

	June 30, 2024
			30-89 Days Past				Total Loans Held for
(In Thousands)	Current		Due		Non-Accrual(1)		Investment, Gross
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, gross	$	1,048,252	$	1	$	2,593	$	1,050,846

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

	June 30, 2023
			30-89 Days Past				Total Loans Held for
(In Thousands)	Current		Due		Non-Accrual(1)		Investment, Gross
Mortgage loans:
Single-family	$	517,399	$	—	$	1,422	$	518,821
Multi-family		461,113		—		—		461,113
Commercial real estate		90,558		—		—		90,558
Construction		1,936		—		—		1,936
Other		106		—		—		106
Commercial business loans		1,565		—		—		1,565
Consumer loans		64		1		—		65
Total loans held for investment, gross	$	1,072,741	$	1	$	1,422	$	1,074,164

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