The following tables present the balance of the allowance for credit losses at December 31, 2020 and June 30, 2020. For the three months and six months ended December 31, 2020, the balance of the allowance for credit losses is based on the CECL methodology, as noted above. For the year ended June 30, 2020, the allowance for loan losses is based upon the calculation methodology as described in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2020. The tables identify the valuation allowances attributable to specifically identified impairments on individually evaluated loans, including those acquired with deteriorated credit quality, as well as valuation allowances for impairments on loans evaluated collectively. The tables include the underlying balance of loans receivable applicable to each category as of those dates.

Allowance for Credit Losses
December 31, 2020

	Multi-Family Mortgage		Non- Residential Mortgage		Commercial Business		Construction		Residential Mortgage		Home Equity Loans		Other Consumer		Total
	(In Thousands)
Balance of allowance for credit losses:
Loans acquired with deteriorated credit quality individually analyzed	$	-	$	518	$	-	$	-	$	206	$	-	$	-	$	724
Loans acquired with deteriorated credit quality collectively analyzed		187		994		72		109		221		19		-		1,602
Loans individually evaluated for impairment		-		1		683		-		68		-		-		752
Loans collectively evaluated for impairment		29,313		14,420		2,593		1,096		12,130		706		50		60,308
Total allowance for credit losses	$	29,500	$	15,933	$	3,348	$	1,205	$	12,625	$	725	$	50	$	63,386

Balance of Loans Receivable
December 31, 2020

	Multi-Family Mortgage		Non- Residential Mortgage		Commercial Business		Construction		Residential Mortgage		Home Equity Loans		Other Consumer		Total
	(In Thousands)
Balance of loans receivable:
Loans acquired with deteriorated credit quality individually evaluated	$	-	$	1,635	$	195	$	-	$	3,853	$	-	$	-	$	5,683
Loans acquired with deteriorated credit quality collectively evaluated		5,660		31,593		4,081		11,493		4,850		362		5		58,044
Loans individually evaluated for impairment		16,396		37,647		332		2,514		8,672		223		-		65,784
Loans collectively evaluated for impairment		2,054,427		1,052,820		197,402		76,391		1,287,976		64,713		4,118		4,737,847
Total loans	$	2,076,483	$	1,123,695	$	202,010	$	90,398	$	1,305,351	$	65,298	$	4,123	$	4,867,358
Unaccreted yield adjustments																(38,724	)
Loans receivable, net of yield adjustments															$	4,828,634

Allowance for Loan Losses
June 30, 2020

	Multi-Family Mortgage		Non- Residential Mortgage		Commercial Business		Construction		Residential Mortgage		Home Equity Loans		Other Consumer		Total
	(In Thousands)
Balance of allowance for loan losses:
Loans acquired with deteriorated credit quality	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Loans individually evaluated for impairment		-		41		47		-		1		-		-		89
Loans collectively evaluated for impairment		20,916		8,722		1,879		236		4,859		568		58		37,238
Total allowance for loan losses	$	20,916	$	8,763	$	1,926	$	236	$	4,860	$	568	$	58	$	37,327

Balance of Loans Receivable
June 30, 2020

	Multi-Family Mortgage		Non- Residential Mortgage		Commercial Business		Construction		Residential Mortgage		Home Equity Loans		Other Consumer		Total
	(In Thousands)
Balance of loans receivable:
Loans acquired with deteriorated credit quality	$	-	$	-	$	222	$	-	$	77	$	-	$	-		299
Loans individually evaluated for impairment		2,962		24,048		5,567		-		10,689		1,557		-		44,823
Loans collectively evaluated for impairment		2,056,606		936,805		132,999		20,961		1,262,256		81,363		3,991		4,494,981
Total loans	$	2,059,568	$	960,853	$	138,788	$	20,961	$	1,273,022	$	82,920	$	3,991	$	4,540,103
Unaccreted yield adjustments																(41,706	)
Loans receivable, net of yield adjustments															$	4,498,397

The following tables present the activity in the ACL on loans for the three and six months ended December 31, 2020:

	Three Months Ended December 31, 2020
	Multi-Family Mortgage		Non- Residential Mortgage			Commercial Business			Construction		Residential Mortgage			Home Equity Loans			Other Consumer			Total
	(In Thousands)
Changes in the allowance for credit losses for the three months ended December 31, 2020:

At September 30, 2020:	$	28,566	$	15,094		$	4,355		$	1,105	$	14,835		$	858		$	47		$	64,860

Charge offs		-		(66	)		-			-		(13	)		(32	)		(4	)		(115	)
Recoveries		-		-			3			-		-			-			3			6
Provision for (reversal of) credit losses		934		905			(1,010	)		100		(2,197	)		(101	)		4			(1,365	)

Total allowance for credit losses	$	29,500	$	15,933		$	3,348		$	1,205	$	12,625		$	725		$	50		$	63,386

	Six Months Ended December 31, 2020
	Multi-Family Mortgage			Non- Residential Mortgage			Commercial Business			Construction		Residential Mortgage			Home Equity Loans			Other Consumer			Total
	(In Thousands)
Changes in the allowance for credit losses for the six months ended December 31, 2020:

At June 30, 2020 (prior to adoption of ASC 326):	$	20,916		$	8,763		$	1,926		$	236	$	4,860		$	568		$	58		$	37,327

Impact of adopting Topic 326		8,408			2,390			(421	)		80		9,106			92			(15	)		19,640
Charge offs		-			(66	)		(64	)		-		(13	)		(32	)		(13	)		(188	)
Recoveries		-			-			5			-		-			-			7			12
Initial allowance on PCD loans		250			1,720			1,007			99		720			105			-			3,901
(Reversal of) provision for credit losses		(74	)		3,126			895			790		(2,048	)		(8	)		13			2,694

Total allowance for credit losses	$	29,500		$	15,933		$	3,348		$	1,205	$	12,625		$	725		$	50		$	63,386

For the accounting policy on the allowance for loan losses that was in effect prior to the adoption of Topic 326, see Note 1 to our Annual Report on Form 10-K for the fiscal year ended June 30, 2020. The following tables present the activity in the allowance for loan losses for the three and six months ended December 31, 2019:

	Three Months Ended December 31, 2019
	Multi-Family Mortgage			Non- Residential Mortgage			Commercial Business			Construction		Residential Mortgage		Home Equity Loans			Other Consumer			Total
	(In Thousands)
Changes in the allowance for loan losses for the three months ended December 31, 2019:

At September 30, 2019:	$	16,702		$	9,371		$	2,293		$	140	$	3,307	$	478		$	141		$	32,432

Total charge offs		-			-			-			-		-		-			(44	)		(44	)
Total recoveries		-			-			-			-		-		-			14			14
(Reversal of) provision for loan losses		(642	)		(687	)		(285	)		2		171		(22	)		(2	)		(1,465	)

Total allowance for loan losses	$	16,060		$	8,684		$	2,008		$	142	$	3,478	$	456		$	109		$	30,937

	Six Months Ended December 31, 2019
	Multi-Family Mortgage			Non- Residential Mortgage			Commercial Business			Construction		Residential Mortgage		Home Equity Loans			Other Consumer			Total
	(In Thousands)
Changes in the allowance for loan losses for the six months ended December 31, 2019:

At June 30, 2019:	$	16,959		$	9,672		$	2,467		$	136	$	3,377	$	491		$	172		$	33,274

Total charge offs		-			-			-			-		-		-			(108	)		(108	)
Total recoveries		-			-			-			-		-		-			18			18
(Reversal of) provision for loan losses		(899	)		(988	)		(459	)		6		101		(35	)		27			(2,247	)

Total allowance for loan losses	$	16,060		$	8,684		$	2,008		$	142	$	3,478	$	456		$	109		$	30,937