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Loans and Allowance for Credit Losses on Loans (Tables)

9 Months Ended

Mar. 31, 2022

Schedule of Accounts, Notes, Loans and Financing Receivable

Loans held for sale as of the dates indicated consist of the following:


	March 31, 2022		June 30, 2021
One-to-four family	$	14,647	$	31,873
SBA	8,105		4,160
HELOCs - originated	62,511		57,506

Total	$	85,263	$	93,539

Loans consist of the following at the dates indicated:


	March 31, 2022		June 30, 2021
Commercial loans:
Commercial real estate	$	1,102,184	$	1,142,276
Construction and development	251,668		179,427
Commercial and industrial	167,342		141,341
Equipment finance	378,629		317,920
Municipal finance	130,260		140,421
PPP loans	2,756		46,650
Total commercial loans	2,032,839		1,968,035
Retail consumer loans:
One-to-four family	347,945		406,549
HELOCs - originated	128,445		130,225
HELOCs - purchased	26,911		38,976
Construction and land/lots	72,735		66,027
Indirect auto finance	83,903		115,093
Consumer	6,760		8,362
Total retail consumer loans	666,699		765,232
Total loans, net of deferred loan fees and costs	2,699,538		2,733,267


Allowance for credit losses on loans	(31,034)		(35,468)
Loans, net	$	2,668,504	$	2,697,799

_________________________________________________________________

(1) At March 31, 2022 and June 30, 2021 accrued interest receivable of $7,427 and $7,339 was accounted for separately from the amortized cost basis.

The following tables provide a breakdown between loans identified as CDAs and non-CDAs, by segment and class, and securing collateral, as well as collateral coverage for those loans for the periods indicated below:


	Type of Collateral and Extent to Which Collateral Secures Financial Assets
March 31, 2022	Residential Property		Investment Property		Commercial Property		Business Assets		Financial Assets Not Considered Collateral Dependent		Total

Commercial loans:
Commercial real estate	$	—	$	—	$	282	$	—	$	1,101,902	$	1,102,184
Construction and development	—		—		—		—		251,668		251,668
Commercial and industrial	—		—		—		1,311		166,031		167,342
Equipment finance	—		—		—		—		378,629		378,629
Municipal finance	—		—		—		—		130,260		130,260
PPP loans	—		—		—		—		2,756		2,756
Retail consumer loans:
One-to-four family	1,347		—		—		—		346,598		347,945
HELOCs - originated	—		—		—		—		128,445		128,445
HELOCs - purchased	—		—		—		—		26,911		26,911
Construction and land/lots	—		—		—		—		72,735		72,735
Indirect auto finance	—		—		—		—		83,903		83,903
Consumer	—		—		—		—		6,760		6,760
Total	$	1,347	$	—	$	282	$	1,311	$	2,696,598	$	2,699,538
Total Collateral Value	$	2,285	$	—	$	288	$	—


	Type of Collateral and Extent to Which Collateral Secures Financial Assets
June 30, 2021	Residential Property		Investment Property		Commercial Property		Business Assets		Financial Assets Not Considered Collateral Dependent		Total

Commercial loans:
Commercial real estate	$	—	$	3,421	$	2,308	$	—	$	1,136,547	$	1,142,276
Construction and development	—		80		—		—		179,347		179,427
Commercial and industrial	—		—		—		25		141,316		141,341
Equipment finance	—		—		—		—		317,920		317,920
Municipal finance	—		—		—		—		140,421		140,421
PPP loans	—		—		—		—		46,650		46,650
Retail consumer loans:
One-to-four family	807		—		—		—		405,742		406,549
HELOCs - originated	—		—		—		—		130,225		130,225
HELOCs - purchased	—		—		—		—		38,976		38,976
Construction and land/lots	—		—		—		—		66,027		66,027
Indirect auto finance	—		—		—		—		115,093		115,093
Consumer	—		—		—		—		8,362		8,362
Total	$	807	$	3,501	$	2,308	$	25	$	2,726,626	$	2,733,267
Total Collateral Value	$	1,160	$	3,602	$	2,723	$	26

Financing Receivable Credit Quality Indicators

The following table presents the credit risk profile by risk grade for commercial loans by origination year:


	Term Loans By Origination Fiscal Year
March 31, 2022	2022		2021		2020		2019		2018		Prior		Revolving		Total
Commercial real estate
Risk rating:
Pass	$	135,883	$	218,034	$	162,102	$	115,537	$	119,739	$	293,512	$	23,238	$	1,068,045
Special mention	730		—		401		432		15,377		13,410		—		30,350
Substandard	—		—		—		—		592		2,800		397		3,789
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	136,613	$	218,034	$	162,503	$	115,969	$	135,708	$	309,722	$	23,635	$	1,102,184

Construction and development
Risk rating:
Pass	$	26,859	$	15,907	$	2,241	$	2,687	$	4,530	$	5,932	$	187,373	$	245,529
Special mention	—		—		—		—		—		186		4,715		4,901
Substandard	906		—		—		—		—		332		—		1,238
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and development	$	27,765	$	15,907	$	2,241	$	2,687	$	4,530	$	6,450	$	192,088	$	251,668

Commercial and industrial
Risk rating:
Pass	$	43,193	$	21,537	$	11,960	$	11,645	$	7,136	$	22,202	$	43,889	$	161,562
Special mention	—		104		—		—		—		94		97		295
Substandard	—		670		347		860		—		53		3,555		5,485
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial and industrial	$	43,193	$	22,311	$	12,307	$	12,505	$	7,136	$	22,349	$	47,541	$	167,342

Equipment finance
Risk rating:
Pass	$	142,026	$	125,396	$	75,126	$	32,142	$	2,278	$	—	$	—	$	376,968
Special mention	366		74		572		294		—		—		—		1,306
Substandard	—		—		49		156		—		—		—		205
Doubtful	—		—		—		150		—		—		—		150
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	142,392	$	125,470	$	75,747	$	32,742	$	2,278	$	—	$	—	$	378,629

Municipal leases
Risk rating:
Pass	$	16,684	$	24,550	$	9,262	$	11,768	$	14,370	$	42,005	$	11,584	$	130,223
Special mention	—		37		—		—		—		—		—		37
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	16,684	$	24,587	$	9,262	$	11,768	$	14,370	$	42,005	$	11,584	$	130,260

PPP loans
Risk rating:
Pass	$	—	$	2,255	$	501	$	—	$	—	$	—	$	—	$	2,756
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total PPP loans	$	—	$	2,255	$	501	$	—	$	—	$	—	$	—	$	2,756

Total commercial loans
Risk rating:
Pass	$	364,645	$	407,679	$	261,192	$	173,779	$	148,053	$	363,651	$	266,084	$	1,985,083
Special mention	1,096		215		973		726		15,377		13,690		4,812		36,889
Substandard	906		670		396		1,016		592		3,185		3,952		10,717
Doubtful	—		—		—		150		—		—		—		150
Loss	—		—		—		—		—		—		—		—
Total commercial loans	$	366,647	$	408,564	$	262,561	$	175,671	$	164,022	$	380,526	$	274,848	$	2,032,839

The following table presents the credit risk profile by risk grade for retail consumer loans by origination year:


	Term Loans By Origination Fiscal Year
March 31, 2022	2022			2021		2020		2019		2018		Prior		Revolving		Total
One-to-four family
Risk rating:
Pass	$	40,621		$	68,486	$	48,195	$	31,537	$	25,273	$	123,383	$	2,770	$	340,265
Special mention	—			—		—		—		—		858		—		858
Substandard	128			—		1,013		540		434		4,243		—		6,358
Doubtful	—			—		—		—		—		157		—		157
Loss	—			—		—		—		—		307		—		307
Total one-to-four family	$	40,749		$	68,486	$	49,208	$	32,077	$	25,707	$	128,948	$	2,770	$	347,945

HELOCs - originated
Risk rating:
Pass	$	627		$	997	$	286	$	1,229	$	227	$	7,901	$	116,176	$	127,443
Special mention	—			—		—		—		—		9		—		9
Substandard	—			16		—		—		—		927		50		993
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total HELOCs - originated	$	627		$	1,013	$	286	$	1,229	$	227	$	8,837	$	116,226	$	128,445

HELOCs - purchased
Risk rating:
Pass	$	—		$	—	$	—	$	—	$	—	$	—	$	26,278	$	26,278
Special mention	—			—		—		—		—		—		—		—
Substandard	—			—		—		—		—		—		633		633
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total HELOCs - purchased	$	—		$	—	$	—	$	—	$	—	$	—	$	26,911	$	26,911

Construction and land/lots
Risk rating:
Pass	$	1,373		$	13,510	$	1,691	$	53	$	—	$	1,967	$	53,757	$	72,351
Special mention	—			—		—		—		—		—		—		—
Substandard	—			—		—		—		—		384		—		384
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total construction and land/lots	$	1,373		$	13,510	$	1,691	$	53	$	—	$	2,351	$	53,757	$	72,735

Indirect auto finance
Risk rating:
Pass	$	19,476		$	22,276	$	17,783	$	9,522	$	10,238	$	3,529	$	—	$	82,824
Special mention	—		0	—		—		—		—		—		—		—
Substandard	62			195		321		136		250		115		—		1,079
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total indirect auto finance	$	19,538		$	22,471	$	18,104	$	9,658	$	10,488	$	3,644	$	—	$	83,903

Consumer
Risk rating:
Pass	$	572		$	954	$	653	$	4,036	$	118	$	101	$	257	$	6,691
Special mention	—			—		—		—		—		—		—		—
Substandard	—			8		—		19		10		18		14		69
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total consumer	$	572		$	962	$	653	$	4,055	$	128	$	119	$	271	$	6,760

Total retail consumer loans
Risk rating:
Pass	$	62,669		$	106,223	$	68,608	$	46,377	$	35,856	$	136,881	$	199,238	$	655,852
Special mention	—			—		—		—		—		867		—		867
Substandard	190			219		1,334		695		694		5,687		697		9,516
Doubtful	—			—		—		—		—		157		—		157
Loss	—			—		—		—		—		307		—		307
Total retail consumer loans	$	62,859		$	106,442	$	69,942	$	47,072	$	36,550	$	143,899	$	199,935	$	666,699

The following table presents the credit risk profile by risk grade for commercial loans by origination year:


	Term Loans By Origination Fiscal Year
June 30, 2021	2021		2020		2019		2018		2017		Prior		Revolving		Total
Commercial real estate
Risk rating:
Pass	$	227,850	$	177,691	$	142,407	$	158,147	$	158,525	$	220,834	$	25,860	$	1,111,314
Special mention	—		—		—		16,951		1,256		3,092		—		21,299
Substandard	—		—		—		630		4,993		3,642		398		9,663
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	227,850	$	177,691	$	142,407	$	175,728	$	164,774	$	227,568	$	26,258	$	1,142,276

Construction and development
Risk rating:
Pass	18,262		6,523		10,349		6,008		2,693		7,153		123,843		$	174,831
Special mention	—		—		—		—		—		286		3,827		4,113
Substandard	—		—		—		—		—		482		—		482
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		1		—		1
Total construction and development	$	18,262	$	6,523	$	10,349	$	6,008	$	2,693	$	7,922	$	127,670	$	179,427

Commercial and industrial
Risk rating:
Pass	29,606		14,010		18,826		10,759		15,346		10,589		36,165		$	135,301
Special mention	—		21		438		110		32		125		37		763
Substandard	31		33		300		—		—		83		4,829		5,276
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		1		—		1
Total commercial and industrial	$	29,637	$	14,064	$	19,564	$	10,869	$	15,378	$	10,798	$	41,031	$	141,341

Equipment finance
Risk rating:
Pass	154,685		104,681		53,178		4,773		—		—		—		$	317,317
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		323		—		—		—		—		323
Doubtful	—		—		280		—		—		—		—		280
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	154,685	$	104,681	$	53,781	$	4,773	$	—	$	—	$	—	$	317,920

Municipal leases
Risk rating:
Pass	23,358		19,240		14,005		17,979		9,738		47,144		8,700		$	140,164
Special mention	—		—		—		—		—		257		—		257
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	23,358	$	19,240	$	14,005	$	17,979	$	9,738	$	47,401	$	8,700	$	140,421

PPP loans
Risk rating:
Pass	29,667		16,983		—		—		—		—		—		$	46,650
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total PPP loans	$	29,667	$	16,983	$	—	$	—	$	—	$	—	$	—	$	46,650

Total commercial loans
Risk rating:
Pass	$	483,428	$	339,128	$	238,765	$	197,666	$	186,302	$	285,720	$	194,568	$	1,925,577
Special mention	—		21		438		17,061		1,288		3,760		3,864		26,432
Substandard	31		33		623		630		4,993		4,207		5,227		15,744
Doubtful	—		—		280		—		—		—		—		280
Loss	—		—		—		—		—		2		—		2
Total commercial loans	$	483,459	$	339,182	$	240,106	$	215,357	$	192,583	$	293,689	$	203,659	$	1,968,035

The following table presents the credit risk profile by risk grade for retail consumer loans by origination year:


	Term Loans By Origination Fiscal Year
June 30, 2021	2021		2020		2019		2018		2017		Prior		Revolving		Total
One-to-four family
Risk rating:
Pass	$	72,723	$	52,987	$	46,958	$	40,461	$	37,361	$	143,531	$	4,345	$	398,366
Special mention	—		—		—		—		27		1,084		—		1,111
Substandard	246		981		—		216		86		5,037		—		6,566
Doubtful	—		—		—		—		—		191		—		191
Loss	—		—		—		—		—		315		—		315
Total one-to-four family	$	72,969	$	53,968	$	46,958	$	40,677	$	37,474	$	150,158	$	4,345	$	406,549

HELOCs - originated
Risk rating:
Pass	2,767		465		1,294		217		716		9,469		114,048		$	128,976
Special mention	—		—		—		—		—		12		—		12
Substandard	—		—		159		—		38		935		105		1,237
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total HELOCs - originated	$	2,767	$	465	$	1,453	$	217	$	754	$	10,416	$	114,153	$	130,225

HELOCs - purchased
Risk rating:
Pass	—		—		—		—		—		—		38,523		$	38,523
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		453		453
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total HELOCs - purchased	$	—	$	—	$	—	$	—	$	—	$	—	$	38,976	$	38,976

Construction and land/lots
Risk rating:
Pass	4,244		12,133		2,357		956		—		3,558		42,267		$	65,515
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		96		—		416		—		512
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land/lots	$	4,244	$	12,133	$	2,357	$	1,052	$	—	$	3,974	$	42,267	$	66,027

Indirect auto finance
Risk rating:
Pass	42,128		27,134		16,224		18,853		7,561		2,061		—		$	113,961
Special mention	—		—		—		—		—		—		—		—
Substandard	29		415		195		273		143		75		—		1,130
Doubtful	—		—		—		—		—		—		—		—
Loss	2		—		—		—		—		—		—		2
Total indirect auto finance	$	42,159	$	27,549	$	16,419	$	19,126	$	7,704	$	2,136	$	—	$	115,093

Consumer
Risk rating:
Pass	1,344		1,019		5,204		252		90		91		288		$	8,288
Special mention	—		—		—		14		—		—		—		14
Substandard	—		3		19		11		4		10		11		58
Doubtful	—		—		—		—		—		—		—		—
Loss	—		1		1		—		—		—		—		2
Total consumer	$	1,344	$	1,023	$	5,224	$	277	$	94	$	101	$	299	$	8,362

Total retail consumer loans
Risk rating:
Pass	$	123,206	$	93,738	$	72,037	$	60,739	$	45,728	$	158,710	$	199,471	$	753,629
Special mention	—		—		—		14		27		1,096		—		1,137
Substandard	275		1,399		373		596		271		6,473		569		9,956
Doubtful	—		—		—		—		—		191		—		191
Loss	2		1		1		—		—		315		—		319
Total retail consumer loans	$	123,483	$	95,138	$	72,411	$	61,349	$	46,026	$	166,785	$	200,040	$	765,232

Past Due Financing Receivables

The following tables present aging analysis of past due loans (includes nonaccrual loans) by segment and class for the periods indicated below:



	Past Due								Total
	30-89 Days		90 Days+		Total		Current		Loans
March 31, 2022
Commercial loans:
Commercial real estate	$	—	$	247	$	247	$	1,101,937	$	1,102,184
Construction and development	—		246		246		251,422		251,668
Commercial and industrial	—		67		67		167,275		167,342
Equipment finance	65		33		98		378,531		378,629
Municipal finance	—		—		—		130,260		130,260
PPP loans	—		—		—		2,756		2,756
Retail consumer loans:
One-to-four family	347		1,329		1,676		346,269		347,945
HELOCs - originated	28		178		206		128,239		128,445
HELOCs - purchased	142		—		142		26,769		26,911
Construction and land/lots	—		140		140		72,595		72,735
Indirect auto finance	307		156		463		83,440		83,903
Consumer	24		38		62		6,698		6,760
Total loans	$	913	$	2,434	$	3,347	$	2,696,191	$	2,699,538


	Past Due								Total
	30-89 Days		90 Days+		Total		Current		Loans
June 30, 2021
Commercial loans:
Commercial real estate	$	396	$	1,680	$	2,076	$	1,140,200	$	1,142,276
Construction and development	—		37		37		179,390		179,427
Commercial and industrial	634		19		653		140,688		141,341
Equipment finance	—		347		347		317,573		317,920
Municipal finance	—		—		—		140,421		140,421
PPP loans	—		—		—		46,650		46,650
Retail consumer loans:
One-to-four family	1,112		1,124		2,236		404,313		406,549
HELOCs - originated	290		186		476		129,749		130,225
HELOCs - purchased	198		79		277		38,699		38,976
Construction and land/lots	6		35		41		65,986		66,027
Indirect auto finance	299		259		558		114,535		115,093
Consumer	378		36		414		7,948		8,362
Total loans	$	3,313	$	3,802	$	7,115	$	2,726,152	$	2,733,267

Schedule of Past Due Loans Still Accruing and Nonaccruing Interest

The following table presents recorded investment in loans on nonaccrual status, by segment and class, including restructured loans. It also includes interest income recognized on nonaccrual loans for the nine months ended March 31, 2022.


	March 31, 2022		June 30, 2021		90 Days + & Still Accruing as of March 31, 2022		Nonaccrual With No Allowance as of March 31, 2022		Interest Income Recognized
Commercial loans:
Commercial real estate	$	1,033	$	7,015	$	—	$	284	$	28
Construction and development	332		482		—		—		6
Commercial and industrial	919		49		—		—		17
Equipment finance	289		630		—		—		9


Retail consumer loans:
One-to-four family	1,687		2,625		—		540		37
HELOCs - originated	207		476		—		—		2
HELOCs - purchased	633		453		—		—		19
Construction and land/lots	140		22		—		—		2
Indirect auto finance	505		438		—		—		17
Consumer	66		416		—		—		2






Total loans	$	5,811	$	12,606	$	—	$	824	$	139

Breakdown of Provision (Benefit) for Credit Losses

The following table presents a breakdown of the provision (benefit) for credit losses included in our Consolidated Statements of Income:


	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2022		2021		2022		2021
Provision (benefit) for credit losses:
Loans	$	(640)	$	(3,970)	$	(4,415)	$	(6,370)
Off-balance-sheet credit exposure	650		(130)		415		10
Commercial paper	(55)		—		(5)		180
Total provision (benefit) for credit losses	$	(45)	$	(4,100)	$	(4,005)	$	(6,180)

Allowance for Credit Losses on Financing Receivables

The following tables present analyses of the ACL on loans by segment for the periods indicated below:


	Three Months Ended						Nine Months Ended
	March 31, 2022						March 31, 2022
	Commercial		Retail Consumer		Total		Commercial		Retail Consumer		Total
Balance at beginning of period	$	22,968	$	7,965	$	30,933	$	24,746	$	10,722	$	35,468

Provision (benefit) for credit losses	(1,295)		655		(640)		(2,058)		(2,357)		(4,415)
Charge-offs	(261)		(73)		(334)		(2,011)		(179)		(2,190)
Recoveries	910		165		1,075		1,645		526		2,171
Net (charge-offs) recoveries	649		92		741		(366)		347		(19)
Balance at end of period	$	22,322	$	8,712	$	31,034	$	22,322	$	8,712	$	31,034


	Three Months Ended						Nine Months Ended
	March 31, 2021						March 31, 2021
	Commercial		Retail Consumer		Total		Commercial		Retail Consumer		Total
Balance at beginning of period	$	24,899	$	14,945	$	39,844	$	21,116	$	6,956	$	28,072
Impact of adoption ASU 2016-13	—		—		—		4,073		10,736		14,809
Provision (benefit) for credit losses	(1,750)		(2,220)		(3,970)		(1,750)		(4,620)		(6,370)
Charge-offs	(107)		(318)		(425)		(1,510)		(1,253)		(2,763)
Recoveries	356		254		610		1,469		842		2,311
Net (charge-offs) recoveries	249		(64)		185		(41)		(411)		(452)
Balance at end of period	$	23,398	$	12,661	36,059		$	23,398	$	12,661	$	36,059

Schedule of Ending Balances of Loans and the Related Allowance by Segment and Class

The following tables present ending balances of loans and the related ACL, by segment and class for the periods indicated below:


	Allowance for Credit Losses						Total Loans Receivable
	Loans Individually Evaluated		Loans Collectively Evaluated		Total		Loans Individually Evaluated		Loans Collectively Evaluated		Total
March 31, 2022
Commercial loans:
Commercial real estate	$	—	$	9,157	$	9,157	$	284	$	1,101,900	$	1,102,184
Construction and development	—		3,680		3,680		—		251,668		251,668
Commercial and industrial	1,311		1,593		2,904		2,150		165,192		167,342
Equipment finance	—		6,284		6,284		—		378,629		378,629
Municipal finance	—		297		297		—		130,260		130,260
PPP loans	—		—		—		—		2,756		2,756
Retail consumer loans:
One-to-four family	—		4,400		4,400		2,493		345,452		347,945
HELOCs - originated	—		1,409		1,409		—		128,445		128,445
HELOCs - purchased	—		295		295		—		26,911		26,911
Construction and land/lots	—		903		903		—		72,735		72,735
Indirect auto finance	—		1,586		1,586		—		83,903		83,903
Consumer	—		119		119		—		6,760		6,760
Total	$	1,311	$	29,723	$	31,034	$	4,927	$	2,694,611	$	2,699,538


	Allowance for Loan Losses						Total Loans Receivable
	Loans Individually Evaluated		Loans Collectively Evaluated		Total		Loans Individually Evaluated		Loans Collectively Evaluated		Total
June 30, 2021
Commercial loans:
Commercial real estate	$	456	$	12,826	$	13,282	$	5,729	$	1,136,547	$	1,142,276
Construction and development	—		1,801		1,801		80		179,347		179,427
Commercial and industrial	9		2,583		2,592		760		140,581		141,341
Equipment finance	—		6,537		6,537		275		317,645		317,920
Municipal finance	—		534		534		—		140,421		140,421
PPP loans	—		—		—		—		46,650		46,650
Retail consumer loans:
One-to-four family	2		5,407		5,409		1,977		404,572		406,549
HELOCs - originated	—		1,512		1,512		—		130,225		130,225
HELOCs - purchased	—		452		452		—		38,976		38,976
Construction and land/lots	—		812		812		—		66,027		66,027
Indirect auto finance	—		2,367		2,367		—		115,093		115,093
Consumer	—		170		170		—		8,362		8,362
Total	$	467	$	35,001	$	35,468	$	8,821	$	2,724,446	$	2,733,267

Troubled Debt Restructurings on Financing Receivables

The following table presents a breakdown of the types of concessions made on TDRs by loan class for the period indicated below:



	Three Months Ended March 31,
	2022					2021
	Number of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment		Number of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment


















Other TDRs:
Commercial:


Commercial and industrial	2	$	841	$	835	—	$	—	$	—

Retail consumer:
One-to-four family	1	37		37		2	212		212
HELOCs - originated	—	—		—		2	53		74

Indirect auto finance	1	5		5		3	28		32

Total	4	$	883	$	877	7	$	293	$	318


	Nine Months Ended March 31,
	2022					2021
	Number of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment		Number of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment
Below market interest rate:


Retail consumer:
One-to-four family	1	$	124	$	121	—	$	—	$	—


Total below market interest rate	1	124		121		—	—		—
Extended payment terms:



Retail consumer:
One-to-four family	1	35		35		—	—		—
HELOCs - originated	1	50		50		—	—		—


Total extended payment terms	2	85		85		—	—		—
Other TDRs:
Commercial:
Commercial real estate	—	—		—		1	4,408		4,407

Commercial and industrial	2	841		835		—	—		—
Retail consumer:
One-to-four family	2	93		92		4	269		261
HELOCs - originated	1	18		18		2	53		74
Construction and land/lots	—	—		—		1	225		219
Indirect auto finance	6	89		82		11	150		110

Total other TDRs	11	1,041		1,027		19	5,105		5,071
Total	11	$	1,250	$	1,233	19	$	5,105	$	5,071

Schedule of Trouble Debt Restructurings With Payment Default

The following table presents loans that were modified as TDRs within the previous 12 months and for which there was a payment default during the periods indicated below:


	Three Months Ended March 31,
	2022			2021
	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment








Other TDRs:
Retail consumer:


Indirect auto finance	—	$	—	1	$	1




Total	—	$	—	1	$	1


	Nine Months Ended March 31,
	2022			2021
	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment








Other TDRs:
Retail consumer:


Indirect auto finance	2	$	44	2	$	26




Total	2	$	44	2	$	26