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LOANS RECEIVABLE (Tables)
 9 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Schedule of Loans Receivable
The following table sets forth the composition of the Company’s loan portfolio at March 31, 2023 and June 30, 2022:
March 31,
2023		June 30,
2022
(In Thousands)
Commercial loans:
Multi-family mortgage$2,835,852 $2,409,090 
Nonresidential mortgage1,002,643 1,019,838 
Commercial business162,038 176,807 
Construction215,524 140,131 
Total commercial loans4,216,057 3,745,866 
One- to four-family residential mortgage1,713,343 1,645,816 
Consumer loans:
Home equity loans44,376 42,028 
Other consumer2,592 2,866 
Total consumer loans46,968 44,894 
Total loans5,976,368 5,436,576 
Unaccreted yield adjustments (1)
(10,043)(18,731)
Total loans receivable, net of yield adjustments$5,966,325 $5,417,845 
___________________________
(1)At March 31, 2023, included a fair value adjustment to the carrying amount of hedged one- to four-family residential mortgage loans.
Contractual Payment Status of Past Loans Receivable The following tables present the payment status of past due loans as of March 31, 2023 and June 30, 2022, by loan segment:
Payment Status
March 31, 2023
30-59 Days60-89 Days90 Days and OverTotal Past DueCurrentTotal
(In Thousands)
Multi-family mortgage$— $3,940 $7,659 $11,599 $2,824,253 $2,835,852 
Nonresidential mortgage3,842 — 5,669 9,511 993,132 1,002,643 
Commercial business— — 264 264 161,774 162,038 
Construction— — — — 215,524 215,524 
One- to four-family residential mortgage2,961 852 2,896 6,709 1,706,634 1,713,343 
Home equity loans51 — 47 98 44,278 44,376 
Other consumer39 — — 39 2,553 2,592 
Total loans$6,893 $4,792 $16,535 $28,220 $5,948,148 $5,976,368 
Payment Status
June 30, 2022
30-59 Days60-89 Days90 Days and OverTotal Past DueCurrentTotal
(In Thousands)
Multi-family mortgage$3,148 $3,056 $7,788 $13,992 $2,395,098 $2,409,090 
Nonresidential mortgage4,026 — 18,132 22,158 997,680 1,019,838 
Commercial business98 57 155 310 176,497 176,807 
Construction— — — — 140,131 140,131 
One- to four-family residential mortgage1,525 253 3,455 5,233 1,640,583 1,645,816 
Home equity loans28 35 — 63 41,965 42,028 
Other consumer— — — — 2,866 2,866 
Total loans$8,825 $3,401 $29,530 $41,756 $5,394,820 $5,436,576 
Performance Status of Loans Receivable
The following tables present information relating to the Company’s nonperforming loans as of March 31, 2023 and June 30, 2022:
Performance Status
March 31, 2023
90 Days and Over Past Due AccruingNonaccrual Loans with Allowance for Credit LossesNonaccrual Loans with no Allowance for Credit LossesTotal NonperformingPerformingTotal
(In Thousands)
Multi-family mortgage$— $5,762 $14,312 $20,074 $2,815,778 $2,835,852 
Nonresidential mortgage— 12,337 5,285 17,622 985,021 1,002,643 
Commercial business— 86 185 271 161,767 162,038 
Construction— — — — 215,524 215,524 
One- to four-family residential mortgage— 1,025 4,984 6,009 1,707,334 1,713,343 
Home equity loans— — 50 50 44,326 44,376 
Other consumer— — — — 2,592 2,592 
Total loans$— $19,210 $24,816 $44,026 $5,932,342 $5,976,368 
Performance Status
June 30, 2022
90 Days and Over Past Due AccruingNonaccrual Loans with Allowance for Credit LossesNonaccrual Loans with no Allowance for Credit LossesTotal NonperformingPerformingTotal
(In Thousands)
Multi-family mortgage$— $8,367 $18,286 $26,653 $2,382,437 $2,409,090 
Nonresidential mortgage— 12,602 19,292 31,894 987,944 1,019,838 
Commercial business— 212 81 293 176,514 176,807 
Construction— — 1,561 1,561 138,570 140,131 
One- to four-family residential mortgage— 3,543 4,946 8,489 1,637,327 1,645,816 
Home equity loans— 302 1,129 1,431 40,597 42,028 
Other consumer— — — — 2,866 2,866 
Total loans$— $25,026 $45,295 $70,321 $5,366,255 $5,436,576 
Troubled Debt Restructurings of Loans Receivable
The following tables present total TDR loans at March 31, 2023 and June 30, 2022:
March 31, 2023
AccrualNon-accrualTotal
# of LoansAmount# of LoansAmount# of LoansAmount
(Dollars In Thousands)
Commercial loans:
Multi-family mortgage—$— 2$5,470 2$5,470 
Nonresidential mortgage3177 1384 4561 
Commercial business53,555 16 63,561 
Construction—— —— —— 
Total commercial loans83,73245,860129,592
One- to four-family residential mortgage356,068 91,848 447,916 
Consumer loans:
Home equity loans6391 —— 6391 
Total49$10,191 13$7,708 62$17,899 
June 30, 2022
AccrualNon-accrualTotal
# of LoansAmount# of LoansAmount# of LoansAmount
(Dollars In Thousands)
Commercial loans:
Multi-family mortgage—$— 2$5,626 2$5,626 
Nonresidential mortgage4389 21,565 61,954 
Commercial business53,631 282 73,713 
Construction—— 11,561 11,561 
Total commercial loans94,020 78,834 1612,854 
One- to four-family residential mortgage294,488 163,314 457,802 
Consumer loans:
Home equity loans5164 21,364 71,528 
Total43$8,672 25$13,512 68$22,184 
The following tables present information regarding TDRs that occurred during the three months and nine months ended March 31, 2023 and 2022:
Three Months Ended March 31, 2023Three Months Ended March 31, 2022
# of LoansPre-
modification
Recorded
Investment		Post-
modification
Recorded
Investment		# of LoansPre-
modification
Recorded
Investment		Post-
modification
Recorded
Investment
(Dollars In Thousands)
Multi-family mortgage—$— $— 1$9,104 $9,101 
Commercial business167 67 —— — 
One- to four-family residential mortgage—— — 82,953 2,965 
Home equity loans—— — 21,477 1,477 
Total1$67 $67 11$13,534 $13,543 

Nine Months Ended March 31, 2023Nine Months Ended March 31, 2022
# of LoansPre-
modification
Recorded
Investment		Post-
modification
Recorded
Investment		# of LoansPre-
modification
Recorded
Investment		Post-
modification
Recorded
Investment
(Dollars In Thousands)
Multi-family mortgage—$— $— 2$12,091 $12,073 
Commercial business274 74 —— — 
One- to four-family residential mortgage2708 705 103,214 3,226 
Home equity loans135 35 21,477 1,477 
Total5$817 $814 14$16,782 $16,776 
Carrying Value of Collateral Dependent Individually Analyzed Loans
The following table presents the carrying value and related allowance of collateral dependent individually analyzed loans at the dates indicated:
March 31, 2023June 30, 2022
Carrying ValueRelated AllowanceCarrying ValueRelated Allowance
(In Thousands)
Commercial loans:
Multi-family mortgage$20,074 $266 $26,653 $849 
Nonresidential mortgage (1)
17,284 2,166 30,733 2,696 
Construction— — 1,561 — 
Total commercial loans37,358 2,432 58,947 3,545 
One- to four-family residential mortgage (2)
3,299 — 4,305 77 
Consumer loans:
Home equity loans (2)
— — 35 — 
Total$40,657 $2,432 $63,287 $3,622 
___________________________
(1)Secured by income-producing nonresidential property.
(2)Secured by one- to four-family residential properties.
Credit-Rating Classification of Loans Receivable
The following table presents the risk category of loans as of March 31, 2023 by loan segment and vintage year:
Term Loans by Origination Year for Fiscal Years ended June 30,
20232022202120202019PriorRevolving LoansTotal
(In Thousands)
Multi-family mortgage:
Pass$604,750 $955,969 $234,731 $201,324 $245,571 $538,279 $— $2,780,624 
Special Mention— — — — 6,043 6,689 — 12,732 
Substandard— — 9,865 — 9,469 23,162 — 42,496 
Doubtful— — — — — — — — 
Total multi-family mortgage604,750 955,969 244,596 201,324 261,083 568,130 — 2,835,852 
Nonresidential mortgage:
Pass100,886 226,384 83,630 52,276 59,582 449,241 6,000 977,999 
Special Mention— — — — — 381 — 381 
Substandard— — 711 — 925 22,627 — 24,263 
Doubtful— — — — — — — — 
Total nonresidential mortgage100,886 226,384 84,341 52,276 60,507 472,249 6,000 1,002,643 
Commercial business:
Pass13,025 29,649 23,154 8,852 1,831 8,342 67,093 151,946 
Special Mention— 5,141 — — 178 2,834 — 8,153 
Substandard— — — 265 46 1,382 246 1,939 
Doubtful— — — — — — — — 
Total commercial business13,025 34,790 23,154 9,117 2,055 12,558 67,339 162,038 
Construction loans:
Pass17,507 32,334 137,660 12,275 2,980 7,033 5,735 215,524 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Total construction loans17,507 32,334 137,660 12,275 2,980 7,033 5,735 215,524 
Residential mortgage:
Pass170,816 459,680 501,615 82,492 46,589 439,128 — 1,700,320 
Special Mention— — — — 1,176 1,053 — 2,229 
Substandard— 549 — — 80 10,165 — 10,794 
Doubtful— — — — — — — — 
Total residential mortgage170,816 460,229 501,615 82,492 47,845 450,346 — 1,713,343 
Home equity loans:
Pass7,652 2,627 622 1,321 2,575 7,763 21,419 43,979 
Special Mention— — — — — — — — 
Substandard— — — — 93 304 — 397 
Doubtful— — — — — — — — 
Total home equity loans7,652 2,627 622 1,321 2,668 8,067 21,419 44,376 
Other consumer loans
Pass338 262 125 452 325 969 44 2,515 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — 77 77 
Other consumer loans338 262 125 452 325 969 121 2,592 
Total loans$914,974 $1,712,595 $992,113 $359,257 $377,463 $1,519,352 $100,614 $5,976,368 
The following table presents the risk category of loans as of June 30, 2022 by loan segment and vintage year:
Term Loans by Origination Year for Fiscal Years ended June 30,
20222021202020192018PriorRevolving LoansTotal
(In Thousands)
Multi-family mortgage:
Pass$963,263 $250,385 $211,101 $264,174 $248,058 $438,642 $— $2,375,623 
Special Mention— — — — — 6,814 — 6,814 
Substandard— — — 9,821 5,935 10,897 — 26,653 
Doubtful— — — — — — — — 
Total multi-family mortgage963,263 250,385 211,101 273,995 253,993 456,353 — 2,409,090 
Nonresidential mortgage:
Pass231,777 87,309 53,983 60,714 49,285 491,849 6,052 980,969 
Special Mention— — — — — 591 — 591 
Substandard— 720 — 933 4,026 32,599 — 38,278 
Doubtful— — — — — — — — 
Total nonresidential mortgage231,777 88,029 53,983 61,647 53,311 525,039 6,052 1,019,838 
Commercial business:
Pass46,888 38,791 12,155 3,581 4,861 6,455 58,662 171,393 
Special Mention— — 62 186 2,173 873 215 3,509 
Substandard— 38 319 — 1,347 61 58 1,823 
Doubtful— — — — — 80 2 82 
Total commercial business46,888 38,829 12,536 3,767 8,381 7,469 58,937 176,807 
Construction loans:
Pass16,407 95,526 10,337 3,039 6,509 1,017 5,735 138,570 
Special Mention— — — — — — — — 
Substandard— — — — — 1,561 — 1,561 
Doubtful— — — — — — — — 
Total construction loans16,407 95,526 10,337 3,039 6,509 2,578 5,735 140,131 
Residential mortgage:
Pass472,160 524,163 88,645 49,316 55,139 442,517 374 1,632,314 
Special Mention— — — 1,205 — 621 — 1,826 
Substandard— — — 83 — 11,593 — 11,676 
Doubtful— — — — — — — — 
Total residential mortgage472,160 524,163 88,645 50,604 55,139 454,731 374 1,645,816 
Home equity loans:
Pass3,197 692 1,681 3,117 2,027 7,321 22,334 40,369 
Special Mention— — — — — — — — 
Substandard— — — 120 — 1,539 — 1,659 
Doubtful— — — — — — — — 
Total home equity loans3,197 692 1,681 3,237 2,027 8,860 22,334 42,028 
Other consumer loans
Pass442 308 471 375 258 895 34 2,783 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — 83 83 
Other consumer loans442 308 471 375 258 895 117 2,866 
Total loans$1,734,134 $997,932 $378,754 $396,664 $379,618 $1,455,925 $93,549 $5,436,576