Provident Financial (PROV) 10-Q 8 May 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2020	Apr. 30, 2020
Document and Entity Information
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Entity Registrant Name	PROVIDENT FINANCIAL HOLDINGS INC
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,436,315
Entity Central Index Key	0001010470
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Trading Symbol	PROV

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Assets
Cash and cash equivalents	$ 84,250	$ 70,632
Investment securities - held to maturity, at cost	69,482	94,090
Investment securities - available for sale, at fair value	4,828	5,969
Loans held for investment, net of allowance for loan losses of $7,810 and $7,076, respectively; includes $3,835 and $5,094 at fair value, respectively	914,307	879,925
Accrued interest receivable	3,154	3,424
Federal Home Loan Bank ("FHLB") - San Francisco stock	8,199	8,199
Premises and equipment, net	10,606	8,226
Prepaid expenses and other assets	12,741	14,385
Total assets	1,107,567	1,084,850
Liabilities:
Non interest-bearing deposits	86,585	90,184
Interest-bearing deposits	749,246	751,087
Total deposits	835,831	841,271
Borrowings	131,070	101,107
Accounts payable, accrued interest and other liabilities	17,508	21,831
Total liabilities	984,409	964,209
Commitments and Contingencies (Notes 6 and 10)
Stockholders' equity:
Preferred stock, $.01 par value (2,000,000 shares authorized; none issued and outstanding)
Common stock, $.01 par value ( 40,000,000 shares authorized; 18,097,615 and 18,081,365 shares issued; 7,436,315 and 7,486,106 shares outstanding, respectively)	181	181
Additional paid-in capital	95,355	94,351
Retained earnings	193,802	190,839
Treasury stock at cost ( 10,661,300 and 10,595,259 shares, respectively)	(166,247)	(164,891)
Accumulated other comprehensive income, net of tax	67	161
Total stockholders' equity	123,158	120,641
Total liabilities and stockholders' equity	$ 1,107,567	$ 1,084,850

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Condensed Consolidated Statements of Financial Condition
Allowance for loan losses on Loans held for investment (in dollars)	$ 7,810	$ 7,076
Loans held for investment fair value (in dollars)	$ 3,835	$ 5,094
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock shares authorized	2,000,000	2,000,000
Preferred stock shares issued	0	0
Preferred stock shares outstanding	0	0
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock shares authorized	40,000,000	40,000,000
Common stock shares issued	18,097,615	18,081,365
Common stock shares outstanding	7,436,315	7,486,106
Treasury stock shares	10,661,300	10,595,259

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Interest income:
Loans receivable, net		$ 9,622	$ 10,011	$ 30,017	$ 30,516
Investment securities		478	592	1,659	1,381
FHLB - San Francisco stock		144	144	432	565
Interest-earning deposits		186	386	621	1,111
Total interest income		10,430	11,133	32,729	33,573
Interest expense:
Checking and money market deposits		106	102	333	327
Savings deposits		131	139	396	437
Time deposits		509	600	1,571	1,851
Borrowings		794	680	2,318	2,158
Total interest expense		1,540	1,521	4,618	4,773
Net interest income		8,890	9,612	28,111	28,800
Provision (recovery) for loan losses		874	4	671	(450)
Net interest income, after provision (recovery) for loan losses		8,016	9,608	27,440	29,250
Non-interest income:
(Loss) gain on sale of loans, net		14	1,719	(115)	7,114
Gain (loss) on sale and operations of real estate owned acquired in the settlement of loans, net			2		(4)
Other		173	225	557	575
Total non-interest income		1,101	3,052	3,515	11,196
Non-interest expense:
Salaries and employee benefits		4,966	9,292	14,950	24,753
Premises and occupancy		845	1,286	2,603	3,905
Equipment		314	417	855	1,333
Professional expenses		351	513	1,090	1,371
Sales and marketing expenses		177	246	506	668
Deposit insurance premiums and regulatory assessments		54	124	97	461
Other		798	1,122	2,196	3,088
Total non-interest expense		7,505	13,000	22,297	35,579
Income (loss) before income taxes		1,612	(340)	8,658	4,867
Provision (benefit) for income taxes		467	(189)	2,553	1,237
Net income (loss)		$ 1,145	$ (151)	$ 6,105	$ 3,630
Basic earnings (loss) per share		$ 0.15	$ (0.02)	$ 0.82	$ 0.49
Diluted earnings (loss) per share		0.15	(0.02)	0.80	0.48
Cash dividends per share (in dollars per share)		$ 0.14	$ 0.14	$ 0.42	$ 0.42
Loan servicing fees
Non-interest income:
Total non-interest income	[1]	$ 131	$ 262	$ 631	$ 863
Deposit account fees
Non-interest income:
Total non-interest income		423	471	1,321	1,485
Card and processing fees
Non-interest income:
Total non-interest income		$ 360	$ 373	$ 1,121	$ 1,163
[1]	Not in scope of ASC 606.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Condensed Consolidated Statements of Comprehensive Income (Loss)
Net income (loss)	$ 1,145	$ (151)	$ 6,105	$ 3,630
Change in unrealized holding loss on securities available for sale	(94)	(9)	(133)	(67)
Other comprehensive loss, before income tax benefit	(94)	(9)	(133)	(67)
Income tax benefit	(28)	(3)	(39)	(20)
Other comprehensive loss	(66)	(6)	(94)	(47)
Total comprehensive income (loss)	$ 1,079	$ (157)	$ 6,011	$ 3,583

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands		Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss), Net of Tax	Total
Balance at Jun. 30, 2018		$ 181	$ 94,957	$ 190,616	$ (165,507)	$ 210	$ 120,457
Balance (in shares) at Jun. 30, 2018		7,421,426
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distribution of restricted stock (in shares)		89,500
Cash dividends	[1]			(3,143)			(3,143)
Balance at Dec. 31, 2018		$ 181	95,913	192,306	(165,892)	169	122,677
Balance (in shares) at Dec. 31, 2018		7,506,855
Balance at Jun. 30, 2018		$ 181	94,957	190,616	(165,507)	210	120,457
Balance (in shares) at Jun. 30, 2018		7,421,426
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)				3,630			3,630
Other comprehensive loss						(47)	(47)
Purchase of treasury stock	[2]				(845)		(845)
Purchase of treasury stock (in shares)	[2]	(44,819)
Exercise of stock options			390				390
Exercise of stock options (in shares)		31,250
Amortization of restricted stock			426				426
Stock options expense			341				341
Balance at Mar. 31, 2019		$ 181	96,114	191,103	(166,352)	163	121,209
Balance (in shares) at Mar. 31, 2019		7,497,357
Balance at Dec. 31, 2018		$ 181	95,913	192,306	(165,892)	169	122,677
Balance (in shares) at Dec. 31, 2018		7,506,855
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)				(151)			(151)
Other comprehensive loss						(6)	(6)
Purchase of treasury stock					(460)		(460)
Purchase of treasury stock (in shares)		(23,748)
Exercise of stock options			164				164
Exercise of stock options (in shares)		11,250
Distribution of restricted stock (in shares)		3,000
Amortization of restricted stock			29				29
Stock options expense			8				8
Cash dividends	[3]			(1,052)			(1,052)
Balance at Mar. 31, 2019		$ 181	96,114	191,103	(166,352)	163	121,209
Balance (in shares) at Mar. 31, 2019		7,497,357
Balance at Jun. 30, 2019		$ 181	94,351	190,839	(164,891)	161	$ 120,641
Balance (in shares) at Jun. 30, 2019		7,486,106					7,486,106
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)				6,105			$ 6,105
Other comprehensive loss						(94)	(94)
Purchase of treasury stock					(1,284)		(1,284)
Purchase of treasury stock (in shares)		(66,041)
Exercise of stock options			215				215
Exercise of stock options (in shares)		16,250
Forfeiture of restricted stock			72		72
Amortization of restricted stock			656				656
Stock options expense			61				61
Cash dividends	[4]			(3,142)			(3,142)
Balance at Mar. 31, 2020		$ 181	95,355	193,802	(166,247)	67	$ 123,158
Balance (in shares) at Mar. 31, 2020		7,436,315					7,436,315
Balance at Dec. 31, 2019		$ 181	95,118	193,704	(165,360)	133	$ 123,776
Balance (in shares) at Dec. 31, 2019		7,483,071
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)				1,145			1,145
Other comprehensive loss						(66)	(66)
Purchase of treasury stock					(887)		(887)
Purchase of treasury stock (in shares)		(46,756)
Amortization of restricted stock			217				217
Stock options expense			20				20
Cash dividends	[5]			(1,047)			(1,047)
Balance at Mar. 31, 2020		$ 181	$ 95,355	$ 193,802	$ (166,247)	$ 67	$ 123,158
Balance (in shares) at Mar. 31, 2020		7,436,315					7,436,315
[1]	Cash dividends of $0.42 per share were paid in the nine months ended March 31, 2019.The accompanying notes are an integral part of these condensed consolidated financial statements.
[2]	Includes the purchase of 21,071 shares of distributed restricted stock in settlement of employee withholding tax obligations.
[3]	Cash dividends of $0.14 per share were paid in the quarter ended March 31, 2019.
[4]	Cash dividends of $0.42 per share were paid in the nine months ended March 31, 2020.
[5]	Cash dividends of $0.14 per share were paid in the quarter ended March 31, 2020.

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical)	9 Months Ended
	Mar. 31, 2019$ / sharesshares
Condensed Consolidated Statements of Stockholders' Equity
Number of shares repurchase of distributed restricted stock in settlement of employee withholding tax obligations | shares	21,071
Cash dividends per share | $ / shares	$ 0.42

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net income	$ 6,105	$ 3,630
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	2,347	2,045
Provision (recovery) for loan losses	671	(450)
(Gain) loss on sale of loans, net	115	(7,114)
Stock-based compensation	717	767
Provision for deferred income taxes	881	553
Decrease in accounts payable, accrued interest and other liabilities	(4,406)	(320)
(Increase) decrease in prepaid expenses and other assets	(2,524)	437
Loans originated for sale		(453,444)
Proceeds from sale of loans		526,090
Net cash provided by operating activities	3,906	72,194
Cash flows from investing activities:
(Increase) decrease in loans held for investment, net	(35,676)	19,230
Maturity of investment securities held to maturity		800
Principal payments from investment securities held to maturity	24,283	24,093
Principal payments from investment securities available for sale	1,010	1,140
Purchase of investment securities held to maturity		(40,282)
Proceeds from sale of real estate owned		915
Purchase of premises and equipment	(185)	(151)
Net cash (used for) provided by investing activities	(10,568)	5,745
Cash flows from financing activities:
Decrease in deposits, net	(5,440)	(30,714)
Repayments of short-term borrowings, net		(15,000)
Repayments of long-term borrowings	(44)	(10,042)
Proceeds from long-term borrowings	30,007
Exercise of stock options	215	390
Withholding taxes on stock based compensation	(32)	(428)
Cash dividends	(3,142)	(3,143)
Treasury stock purchases	(1,284)	(845)
Net cash provided by (used for) financing activities	20,280	(59,782)
Net increase in cash and cash equivalents	13,618	18,157
Cash and cash equivalents at beginning of period	70,632	43,301
Cash and cash equivalents at end of period	84,250	61,458
Supplemental information:
Cash paid for interest	4,625	4,796
Cash paid for income taxes	775	1,555
Transfer of loans held for sale to held for investment	$ 1,085	$ 1,360

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2020
Basis of Presentation
Basis of Presentation	Note 1: Basis of Presentation The unaudited interim condensed consolidated financial statements included herein reflect all adjustments which are, in the opinion of management, necessary to present a fair statement of the results of operations for the interim periods presented. All such adjustments are of a normal, recurring nature. The condensed consolidated statement of financial condition at June 30, 2019 is derived from the audited consolidated financial statements of Provident Financial Holdings, Inc. and its wholly-owned subsidiary, Provident Savings Bank, F.S.B. (the "Bank") (collectively, the "Corporation"). Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been omitted pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC") with respect to interim financial reporting. It is recommended that these unaudited interim condensed consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s Annual Report on Form 10‑K for the year ended June 30, 2019. The results of operations for the quarter ended March 31, 2020 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2020.

Accounting Standard Updates ("A

Accounting Standard Updates ("ASU")	9 Months Ended
	Mar. 31, 2020
Accounting Standard Updates ("ASU")
Accounting Standard Updates ("ASU")	Note 2: Accounting Standard Updates (“ASU”) There have been no accounting standard updates or changes in the status of their adoption that are significant to the Corporation as previously disclosed in Note 1 of the Corporation's Annual Report on Form 10-K for the year ended June 30, 2019, other than: ASU 2016-13: In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, “Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” and subsequent amendments to the initial guidance in November 2018, ASU No. 2018-19, April 2019, ASU 2019-04, May 2019, ASU 2019-05, November 2019, ASU 2019-11 , February 2020, ASU 2020-02 and March 2020, ASU 2020-03, all of which clarifies codification and corrects unintended application of the guidance. In November 2019, the FASB also issued ASU 2019-10, “Financial Instruments — Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates” extending the adoption date for certain registrants, including the Corporation. These ASUs will be effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Corporation is evaluating its current expected loss methodology of its loan and investment portfolios to identify the necessary modifications in accordance with these standards and expects a change in the processes and procedures to calculate the allowance for loan losses, including changes in assumptions and estimates to consider expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. A valuation adjustment to its allowance for loan losses or investment portfolio that is identified in this process will be reflected as a one-time adjustment in equity rather than earnings upon adoption. The Corporation is in the process of compiling historical data that will be used to calculate expected credit losses on its loan portfolio to ensure the Corporation is fully compliant with these ASUs at the adoption date and is evaluating the potential impact adoption that these ASUs will have on the Corporation’s Consolidated Financial Statements. ASU 2018-11 In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)," and a subsequent amendment to the initial guidance in February 2020, ASU 2020-02. This ASU introduces a lessee model that brings most leases onto the balance sheet and aligns many of the underlying principles of the new lessor model with those in the new revenue recognition standard, Accounting Standards Codification ("ASC”) 606, Revenue From Contracts With Customers. The new leases standard represents a wholesale change to lease accounting and did not result in significant implementation challenges during the transition period. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. The effective date of this ASU for annual periods is beginning after December 15, 2018 (i.e., calendar periods beginning on January 1, 2019) and interim periods therein. In July 2018, the FASB issued ASU 2018-11, Leases, Targeted Improvements, which allows entities the option of initially applying the new leases standard at the adoption date (such as January 1, 2019, for calendar year- end public business entities) and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Corporation adopted the provisions of ASC 842 effective July 1, 2019 utilizing the transition method allowed under ASU 2018-11 and will not restate comparative periods as well as electing to not separate non-lease components from lease components. The Corporation elected the package of practical expedients permitted under ASC 842's transition guidance, which allows the Corporation to carryforward its historical lease classifications and its assessment as to whether a contract is or contains a lease. The Corporation also elected to not recognize lease assets and lease liabilities for leases with an initial term of 12 months or less. The adoption of ASC 842 did not have a material impact on its consolidated financial statements. See Note 10 for additional discussion. ASU 2018-13: In August 2018, the FASB issued ASU 2018-13, “Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which modifies disclosure requirements on fair value measurements to improve their effectiveness.” The guidance permits entities to consider materiality when evaluating fair value measurement disclosures and, among other modifications, requires certain new disclosures related to Level 3 fair value measurements. This guidance will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption permitted. The guidance only affects disclosures in the notes to the consolidated financial statements and will not otherwise affect the Corporation's Consolidated Financial Statements. ASU 2020-04: In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of reference Rate Reform on Financial Reporting. This ASU applies to contracts, hedging relationships and other transactions that reference LIBOR or other rate references expected to be discontinued because of reference rate reform. The ASU permits an entity to make necessary modifications to eligible contracts or transactions without requiring contract remeasurement or reassessment of a previous accounting determination. This ASU is effective for all entities as of March 12, 2020 through December 31, 2022. The Corporation is in the process of compiling data on the impact of reference rate reform and has not determined the impact of the adoption of this ASU on its consolidated financial statements.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Mar. 31, 2020
Earnings Per Share
Earnings Per Share	Note 3: Earnings Per Share Basic earnings per share ("EPS") excludes dilution and is computed by dividing income available to common shareholders by the weighted-average number of shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the earnings of the Corporation. As of March 31, 2020 and 2019, there were outstanding options to purchase 554,500 shares and 497,750 shares of the Corporation’s common stock, respectively. Of those shares, as of March 31, 2020 and 2019, there were 135,000 shares and 497,750 shares, respectively, which were excluded from the diluted EPS computation as their effect was anti-dilutive. As of March 31, 2020 and 2019, there were outstanding restricted stock awards of 225,500 shares and 9,000 shares, respectively. The outstanding restricted stock had a dilutive effect for the quarter and nine months ended March 31, 2020. There was no dilutive effect for the comparable quarter last year; however, there was a dilutive effect in the first nine month of fiscal 2019. The following table provides the basic and diluted EPS computations for the quarter and nine months ended March 31, 2020 and 2019, respectively. For the Quarter Ended For the Nine Months Ended March 31, March 31, (In Thousands, Except Earnings Per Share) 2020 2019 2020 2019 Numerator: Net income (loss) – numerator for basic earnings per share and diluted earnings per share - available to common stockholders $ 1,145 $ (151) $ 6,105 $ 3,630 Denominator: Denominator for basic earnings per share: Weighted-average shares 7,469 7,507 7,478 7,481 Effect of dilutive shares: Stock options 71 — 87 60 Restricted stock 50 — 41 14 Denominator for diluted earnings per share: Adjusted weighted-average shares and assumed conversions 7,590 7,507 7,606 7,555 Basic earnings (loss) per share $ 0.15 $ (0.02) $ 0.82 $ 0.49 Diluted earnings (loss) per share $ 0.15 $ (0.02) $ 0.80 $ 0.48

Investment Securities

Investment Securities	9 Months Ended
	Mar. 31, 2020
Investment Securities
Investment Securities	Note 4: Investment Securities The amortized cost and estimated fair value of investment securities as of March 31, 2020 and June 30, 2019 were as follows: Gross Gross Estimated Amortized Unrealized Unrealized Fair Carrying March 31, 2020 Cost Gains (Losses) Value Value (In Thousands) Held to maturity: U.S. government sponsored enterprise MBS (1) $ 66,599 $ 2,016 $ (88) $ 68,527 $ 66,599 U.S. SBA securities (2) 2,083 — (11) 2,072 2,083 Certificate of deposits 800 — — 800 800 Total investment securities - held to maturity $ 69,482 $ 2,016 $ (99) $ 71,399 $ 69,482 Available for sale: U.S. government agency MBS $ 2,913 $ 88 $ — $ 3,001 $ 3,001 U.S. government sponsored enterprise MBS 1,614 16 — 1,630 1,630 Private issue CMO (3) 219 — (22) 197 197 Total investment securities - available for sale $ 4,746 $ 104 $ (22) $ 4,828 $ 4,828 Total investment securities $ 74,228 $ 2,120 $ (121) $ 76,227 $ 74,310 (1) Mortgage-Backed Securities ("MBS"). (2) Small Business Administration ("SBA"). (3) Collateralized Mortgage Obligations ("CMO"). Gross Gross Estimated Amortized Unrealized Unrealized Fair Carrying June 30, 2019 Cost Gains (Losses) Value Value (In Thousands) Held to maturity U.S. government sponsored enterprise MBS $ 90,394 $ 1,289 $ (14) $ 91,669 $ 90,394 U.S. SBA securities 2,896 — (6) 2,890 2,896 Certificate of deposits 800 — — 800 800 Total investment securities - held to maturity $ 94,090 $ 1,289 $ (20) $ 95,359 $ 94,090 Available for sale U.S. government agency MBS $ 3,498 $ 116 $ (1) $ 3,613 $ 3,613 U.S. government sponsored enterprise MBS 1,998 89 — 2,087 2,087 Private issue CMO 261 8 — 269 269 Total investment securities - available for sale $ 5,757 $ 213 $ (1) $ 5,969 $ 5,969 Total investment securities $ 99,847 $ 1,502 $ (21) $ 101,328 $ 100,059 In the third quarter of fiscal 2020 and 2019, the Corporation received MBS principal payments of $7.9 million and $8.6 million, respectively, and there were no sales of investment securities during these periods. The Corporation did not purchase any investment securities in the third quarter of fiscal 2020, as compared to the purchase of $26.2 million of U.S. government sponsored enterprise MBS to be held to maturity in the same period of fiscal 2019. For the first nine months of fiscal 2020 and 2019, the Corporation received MBS principal payments of $25.3 million and $25.2 million, respectively, and there were no sales of investment securities during these periods. The Corporation did not purchase any investment securities in the first nine months of fiscal 2020, as compared to the purchase of $39.7 million of U.S. government sponsored enterprise MBS to be held to maturity in the same period of fiscal 2019. The Corporation held investments with an unrealized loss position of $121,000 at March 31, 2020 and $21,000 at June 30, 2019. Unrealized Holding Unrealized Holding Unrealized Holding As of March 31, 2020 Losses Losses Losses (In Thousands) Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Description of Securities Value Losses Value Losses Value Losses Held to maturity: U.S. government sponsored enterprise MBS $ 12,057 $ 88 $ — $ — $ 12,057 $ 88 U.S. SBA securities — — 2,072 11 2,072 11 Total investment securities - held to maturity $ 12,057 $ 88 $ 2,072 $ 11 $ 14,129 $ 99 Available for sale Private issue CMO $ 197 $ 22 $ — $ — $ 197 $ 22 Total investment securities – available for sale $ 197 $ 22 $ — $ — $ 197 $ 22 Total investment securities $ 12,254 $ 110 $ 2,072 $ 11 $ 14,326 $ 121 Unrealized Holding Unrealized Holding Unrealized Holding As of June 30, 2019 Losses Losses Losses (In Thousands) Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Description of Securities Value Losses Value Losses Value Losses Held to maturity U.S. government sponsored enterprise MBS $ 6,507 $ 8 $ 1,657 $ 6 $ 8,164 $ 14 U.S. SBA securities — — 2,883 6 2,883 6 Total investment securities - held to maturity $ 6,507 $ 8 $ 4,540 $ 12 $ 11,047 $ 20 Available for sale U.S. government agency MBS $ 289 $ 1 $ — $ — $ 289 $ 1 Total investment securities - available for sale $ 289 $ 1 $ — $ — $ 289 $ 1 Total investment securities $ 6,796 $ 9 $ 4,540 $ 12 $ 11,336 $ 21 The Corporation evaluates individual investment securities quarterly for other-than-temporary declines in market value. At March 31, 2020, $11,000 of the $121,000 unrealized holding losses were 12 months or more; while at June 30, 2019, $12,000 of the $21,000 unrealized holding losses were 12 months or more. The Corporation does not believe that there were any other-than-temporary impairments on the investment securities at March 31, 2020 and 2019; therefore, no impairment losses were recorded for the quarter ended March 31, 2020 and 2019. Contractual maturities of investment securities as of March 31, 2020 and June 30, 2019 were as follows: March 31, 2020 June 30, 2019 Estimated Estimated Amortized Fair Amortized Fair (In Thousands) Cost Value Cost Value Held to maturity: Due in one year or less $ 800 $ 800 $ 400 $ 400 Due after one through five years 22,193 22,942 32,584 32,728 Due after five through ten years 28,121 29,378 35,306 36,090 Due after ten years 18,368 18,279 25,800 26,141 Total investment securities - held to maturity $ 69,482 $ 71,399 $ 94,090 $ 95,359 Available for sale: Due in one year or less $ — $ — $ — $ — Due after one through five years — — — — Due after five through ten years — — — — Due after ten years 4,746 4,828 5,757 5,969 Total investment securities - available for sale $ 4,746 $ 4,828 $ 5,757 $ 5,969 Total investment securities $ 74,228 $ 76,227 $ 99,847 $ 101,328

Loans Held for Investment

Loans Held for Investment	9 Months Ended
	Mar. 31, 2020
Loans Held for Investment
Loans Held for Investment	Note 5: Loans Held for Investment Loans held for investment, net of fair value adjustments, consisted of the following: March 31, June 30, (In Thousands) 2020 2019 Mortgage loans: Single-family $ 326,686 $ 324,952 Multi-family 475,941 439,041 Commercial real estate 105,691 111,928 Construction (1) 6,346 4,638 Other — 167 Commercial business loans (2) 502 478 Consumer loans (3) 122 134 Total loans held for investment, gross 915,288 881,338 Advance payments of escrows 193 53 Deferred loan costs, net 6,636 5,610 Allowance for loan losses (7,810) (7,076) Total loans held for investment, net $ 914,307 $ 879,925 (1) Net of $5.5 million and $6.6 million of undisbursed loan funds as of March 31, 2020 and June 30, 2019, respectively (2) Net of $0.9 million and $1.0 million of undisbursed lines of credit as of March 31, 2020 and June 30, 2019, respectively. (3) Net of $0.5 million and $0.5 million of undisbursed lines of credit as of March 31, 2020 and June 30, 2019, respectively. The following table sets forth information at March 31, 2020 regarding the dollar amount of loans held for investment that are contractually repricing during the periods indicated, segregated between adjustable rate loans and fixed rate loans. Fixed-rate loans comprised one percent and two percent of loans held for investment at March 31, 2020 and June 30, 2019, respectively. Adjustable rate loans having no stated repricing dates that reprice when the index they are tied to reprices (e.g. prime rate index) and checking account overdrafts are reported as repricing within one year. The table does not include any estimate of prepayments which may cause the Corporation’s actual repricing experience to differ materially from that shown. Adjustable Rate After After After One Year 3 Years 5 Years Within One Through 3 Through 5 Through 10 (In Thousands) Year Years Years Years Fixed Rate Total Mortgage loans: Single-family $ $ 44,427 $ 110,309 $ 75,117 $ 10,276 $ 326,686 Multi-family 149,627 160,236 154,391 11,523 164 475,941 Commercial real estate 42,513 30,600 32,210 — 368 105,691 Construction 4,902 — — — 1,444 6,346 Commercial business loans 100 — — — 402 502 Consumer loans 122 — — — — 122 Total loans held for investment, gross $ $ 235,263 $ 296,910 $ 86,640 $ 12,654 $ 915,288 The Corporation has developed an internal loan grading system to evaluate and quantify the Bank’s loans held for investment portfolio with respect to quality and risk. Management continually evaluates the credit quality of the Corporation’s loan portfolio and conducts a quarterly review of the adequacy of the allowance for loan losses using quantitative and qualitative methods. The Corporation has adopted an internal risk rating policy in which each loan is rated for credit quality with a rating of pass, special mention, substandard, doubtful or loss. The two primary components that are used during the loan review process to determine the proper allowance levels are individually evaluated allowances and collectively evaluated allowances. Quantitative loan loss factors are developed by determining the historical loss experience, expected future cash flows, discount rates and collateral fair values, among others. Qualitative loan loss factors are developed by assessing general economic indicators such as gross domestic product, retail sales, unemployment rates, employment growth, California home sales and median California home prices. The Corporation assigns individual factors for the quantitative and qualitative methods for each loan category and each internal risk rating. The Corporation categorizes all of the loans held for investment into risk categories based on relevant information about the ability of the borrower to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. A description of the general characteristics of the risk grades is as follows: § Pass - These loans range from minimal credit risk to average, but still acceptable, credit risk. The likelihood of loss is considered remote. § Special Mention - A special mention loan has potential weaknesses that may be temporary or, if left uncorrected, may result in a loss. While concerns exist, the bank is currently protected and loss is considered unlikely and not imminent. § Substandard - A substandard loan is inadequately protected by the current sound net worth and paying capacity of the borrower or of the collateral pledged, if any. Loans so classified must have a well-defined weakness, or weaknesses, that may jeopardize the liquidation of the debt. A substandard loan is characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. § Doubtful - A doubtful loan has all of the weaknesses inherent in one classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of the currently existing facts, conditions and values, highly questionable and improbable. § Loss - A loss loan is considered uncollectible and of such little value that continuance as an asset of the institution is not warranted. The following tables summarize gross loans held for investment, net of fair value adjustments, by loan types and risk category at the dates indicated: March 31, 2020 Single- Multi- Commercial Commercial (In Thousands) family family Real Estate Construction Business Consumer Total Pass $ 316,974 $ 472,142 $ 105,691 $ 4,675 $ 462 $ 122 $ 900,066 Special Mention 5,890 3,799 — 1,671 — — 11,360 Substandard 3,822 — — — 40 — 3,862 Total loans held for investment, gross $ 326,686 $ 475,941 $ 105,691 $ 6,346 $ 502 $ 122 $ 915,288 June 30, 2019 Single- Multi- Commercial Other Commercial (In Thousands) family family Real Estate Construction Mortgage 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 The allowance for loan losses is maintained at a level sufficient to provide for estimated losses based on evaluating known and inherent risks in the loans held for investment and upon management’s continuing analysis of the factors underlying the quality of the loans held for investment. These factors include changes in the size and composition of the loans held for investment, actual loan loss experience, current economic conditions, detailed analysis of individual loans for which full collectability may not be assured, and determination of the realizable value of the collateral securing the loans. The provision (recovery) for (from) the allowance for loan losses is charged (credited) against operations on a quarterly basis, as necessary, to maintain the allowance at appropriate levels. Although management believes it uses the best information available to make such determinations, there can be no assurance that regulators, in reviewing the Corporation’s loans held for investment, will not request a significant increase in its allowance for loan losses. Future adjustments to the allowance for loan losses may be necessary and results of operations could be significantly and adversely affected as a result of economic, operating, regulatory, and other conditions beyond the Corporation’s control. In response to the novel corona virus of 2019 ("COVID-19") pandemic, which has negatively impacted the current economic environment, a qualitative component was established in the allowance for loan losses methodology. Non-performing loans are charged-off to their fair market values in the period the loans, or portion thereof, are deemed uncollectible, generally after the loan becomes 150 days delinquent for real estate secured first trust deed loans and 120 days delinquent for commercial business or real estate secured second trust deed loans. For loans that were modified from their original terms, were re-underwritten and identified in the Corporation’s asset quality reports as troubled debt restructurings ("restructured loans"), the charge-off occurs when the loan becomes 90 days delinquent; and where borrowers file bankruptcy, the charge-off occurs when the loan becomes 60 days delinquent. The amount of the charge-off is determined by comparing the loan balance to the estimated fair value of the underlying collateral, less disposition costs, with the loan balance in excess of the estimated fair value charged-off against the allowance for loan losses. The allowance for loan losses for non-performing loans is determined by applying ASC 310, "Receivables." For restructured loans that are less than 90 days delinquent, the allowance for loan losses are segregated into (a) individually evaluated allowances for those loans with applicable discounted cash flow calculations still in their restructuring period, classified lower than pass, and containing an embedded loss component or (b) collectively evaluated allowances based on the aggregated pooling method. For non-performing loans less than 60 days delinquent where the borrower has filed bankruptcy, the collectively evaluated allowances are assigned based on the aggregated pooling method. For non-performing commercial real estate loans, an individually evaluated allowance is derived based on the loan’s discounted cash flow fair value (for restructured loans) or collateral fair value less estimated selling costs and if the fair value is higher than the loan balance, no allowance is required. The following table is provided to disclose additional details for the periods indicated on the Corporation’s allowance for loan losses: For the Quarter Ended For the Nine Months Ended March 31, March 31, (Dollars in Thousands) 2020 2019 2020 2019 Allowance at beginning of period $ $ 7,061 $ 7,076 $ 7,385 Provision (recovery) for loan losses 874 4 671 (450) Recoveries: Mortgage loans: Single-family 14 22 63 177 Consumer loans 1 1 2 2 Total recoveries 15 23 65 179 Charge-offs: Mortgage loans: Single-family — (6) (1) (31) Consumer loans — (2) (1) (3) Total charge-offs — (8) (2) (34) Net recoveries (charge-offs) 15 15 63 145 Balance at end of period $ $ 7,080 $ $ 7,080 Allowance for loan losses as a percentage of gross loans held for investment at the end of the period 0.85 % 0.79 % 0.85 % 0.79 % Net (recoveries) charge-offs as a percentage of average loans receivable, net, during the period (annualized) (0.01) % (0.01) % (0.01) % (0.02) % The following tables denote the past due status of the Corporation’s gross loans held for investment, net of fair value adjustments, at the dates indicated. March 31, 2020 30‑89 Days Total Loans Held for (In Thousands) Current Past Due Non-Accrual (1) Investment, Gross Mortgage loans: Single-family $ $ 2,760 $ 3,822 $ 326,686 Multi-family 475,941 — — 475,941 Commercial real estate 105,691 — — 105,691 Construction 6,346 — — 6,346 Commercial business loans 462 — 40 502 Consumer loans 118 4 — 122 Total loans held for investment, gross $ $ 2,764 $ 3,862 $ 915,288 (1) All loans 90 days or greater past due are placed on non-accrual status. June 30, 2019 30‑89 Days Total Loans Held for (In Thousands) Current Past Due Non-Accrual (1) 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. The following tables summarize the Corporation’s allowance for loan losses and recorded investment in gross loans, by portfolio type, at the dates and for the periods indicated. Quarter Ended March 31, 2020 Single- Multi- Commercial Commercial (In Thousands) family family Real Estate Construction Business Consumer Total Allowance for loan losses: Allowance at beginning of period $ 2,157 $ 3,502 $ 1,058 $ 168 $ 28 $ 8 $ 6,921 Provision (recovery) for loan losses 431 456 3 (12) (2) (2) 874 Recoveries 14 — — — — 1 15 Charge-offs — — — — — — — Allowance for loan losses, end of period $ 2,602 $ 3,958 $ 1,061 $ 156 $ 26 $ 7 $ 7,810 Allowance for loan losses: Individually evaluated for impairment $ 45 $ — $ — $ — $ 6 $ — $ 51 Collectively evaluated for impairment 2,557 3,958 1,061 156 20 7 7,759 Allowance for loan losses, end of period $ 2,602 $ 3,958 $ 1,061 $ 156 $ 26 $ 7 $ 7,810 Loans held for investment: Individually evaluated for impairment $ 2,698 $ — $ — $ — $ 40 $ — $ 2,738 Collectively evaluated for impairment 323,988 475,941 105,691 6,346 462 122 912,550 Total loans held for investment, gross $ 326,686 $ 475,941 $ 105,691 $ 6,346 $ 502 $ 122 $ 915,288 Allowance for loan losses as a percentage of gross loans held for investment 0.80 % 0.83 % 1.00 % 2.46 % 5.18 % 5.74 % 0.85 % Quarter Ended March 31, 2019 Single- Multi- Commercial Commercial (In Thousands) family family Real Estate Construction Other Business Consumer Total Allowance for loan losses: Allowance at beginning of period $ 2,679 $ 3,280 $ 1,019 $ 48 $ 3 $ 26 $ 6 $ 7,061 Provision (recovery) for loan losses (58) 20 23 15 — 1 3 4 Recoveries 22 — — — — — 1 23 Charge-offs (6) — — — — — (2) (8) Allowance for loan losses, end of period $ 2,637 $ 3,300 $ 1,042 $ 63 $ 3 $ 27 $ 8 $ 7,080 Allowance for loan losses: Individually evaluated for impairment $ 123 $ — $ — $ — $ — $ 9 $ — $ 132 Collectively evaluated for impairment 2,514 3,300 1,042 63 3 18 8 6,948 Allowance for loan losses, end of period $ 2,637 $ 3,300 $ 1,042 $ 63 $ 3 $ 27 $ 8 $ 7,080 Loans held for investment: Individually evaluated for impairment $ 6,004 $ — $ — $ 745 $ — $ 53 $ — $ 6,802 Collectively evaluated for impairment 308,820 449,812 115,355 3,394 167 430 133 878,111 Total loans held for investment, gross $ 314,824 $ 449,812 $ 115,355 $ 4,139 $ 167 $ 483 $ 133 $ 884,913 Allowance for loan losses as a percentage of gross loans held for investment 0.84 % 0.73 % 0.90 % 1.52 % 1.80 % 5.59 % 6.02 % 0.79 % Nine Months Ended March 31, 2020 Single- Multi- Commercial Commercial (In Thousands) family family Real Estate Construction Other Business Consumer Total Allowance for loan losses: Allowance at beginning of period $ 2,709 $ 3,219 $ 1,050 $ 61 $ 3 $ 26 $ 8 $ 7,076 Provision (recovery) for loan losses (169) 739 11 95 (3) — (2) 671 Recoveries 63 — — — — — 2 65 Charge-offs (1) — — — — — (1) (2) Allowance for loan losses, end of period $ 2,602 $ 3,958 $ 1,061 $ 156 $ — $ 26 $ 7 $ 7,810 Allowance for loan losses: Individually evaluated for impairment $ 45 $ — $ — $ — $ — $ 6 $ — $ 51 Collectively evaluated for impairment 2,557 3,958 1,061 156 — 20 7 7,759 Allowance for loan losses, end of period $ 2,602 $ 3,958 $ 1,061 $ 156 $ — $ 26 $ 7 $ 7,810 Loans held for investment: Individually evaluated for impairment $ 2,698 $ — $ — $ — $ — $ 40 $ — $ 2,738 Collectively evaluated for impairment 323,988 475,941 105,691 6,346 — 462 122 912,550 Total loans held for investment, gross $ 326,686 $ 475,941 $ 105,691 $ 6,346 $ — $ 502 $ 122 $ 915,288 Allowance for loan losses as a percentage of gross loans held for investment 0.80 % 0.8 % 1.00 % 2.46 % — % 5.18 % 5.74 % 0.85 % Nine Months Ended March 31, 2019 Single- Multi- Commercial Commercial (In Thousands) family family Real Estate Construction Other Business Consumer Total Allowance for loan losses: Allowance at beginning of period $ 2,783 $ 3,492 $ 1,030 $ 47 $ 3 $ 24 $ 6 $ 7,385 Provision (recovery) for loan losses (292) (192) 12 16 — 3 3 (450) Recoveries 177 — — — — — 2 179 Charge-offs (31) — — — — — (3) (34) Allowance for loan losses, end of period $ 2,637 $ 3,300 $ 1,042 $ 63 $ 3 $ 27 $ 8 $ 7,080 Allowance for loan losses: Individually evaluated for impairment $ 123 $ — $ — $ — $ — $ 9 $ — $ 132 Collectively evaluated for impairment 2,514 3,300 1,042 63 3 18 8 6,948 Allowance for loan losses, end of period $ 2,637 $ 3,300 $ 1,042 $ 63 $ 3 $ 27 $ 8 $ 7,080 Loans held for investment: Individually evaluated for impairment $ 6,004 $ — $ — $ 745 $ — $ 53 $ — $ 6,802 Collectively evaluated for impairment 308,820 449,812 115,355 3,394 167 430 133 878,111 Total loans held for investment, gross $ 314,824 $ 449,812 $ 115,355 $ 4,139 $ 167 $ 483 $ 133 $ 884,913 Allowance for loan losses as a percentage of gross loans held for investment 0.84 % 0.73 % 0.90 % 1.52 % 1.80 % 5.59 % 6.02 % 0.79 % The following tables identify the Corporation’s total recorded investment in non-performing loans by type at the dates and for the periods indicated. Generally, a loan is placed on non-accrual status when it becomes 90 days past due as to principal or interest or if the loan is deemed impaired, after considering economic and business conditions and collection efforts, where the borrower’s financial condition is such that collection of the contractual principal or interest on the loan is doubtful. In addition, interest income is not recognized on any loan where management has determined that collection is not reasonably assured. A non-performing loan may be restored to accrual status when delinquent principal and interest payments are brought current, the borrower(s) has demonstrated sustained payment performance and future monthly principal and interest payments are expected to be collected on a timely basis. Loans with a related allowance reserve have been individually evaluated for impairment using either a discounted cash flow analysis or, for collateral dependent loans, current appraisals less costs to sell, to establish realizable value. This analysis may identify a specific impairment amount needed or may conclude that no reserve is needed. Loans that are not individually evaluated for impairment are included in pools of homogeneous loans for evaluation of related allowance reserves. At March 31, 2020 Unpaid Net Principal Related Recorded Recorded (In Thousands) Balance Charge-offs Investment Allowance (1) Investment Mortgage loans: Single-family: With a related allowance $ 1,802 $ — $ 1,802 $ (274) $ 1,528 Without a related allowance (2) 2,548 (475) 2,073 — 2,073 Total single-family 4,350 (475) 3,875 (274) 3,601 Commercial business loans: With a related allowance 40 — 40 (6) 34 Total commercial business loans 40 — 40 (6) 34 Total non-performing loans $ 4,390 $ (475) $ 3,915 $ (280) $ 3,635 (1) Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan, and fair value credit adjustments. (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, 2019 Unpaid Net Principal Related Recorded Recorded (In Thousands) Balance Charge-offs Investment Allowance (1) Investment Mortgage loans: Single-family: With a related allowance $ 2,640 $ — $ 2,640 $ (434) $ 2,206 Without a related allowance (2) 3,518 (518) 3,000 — 3,000 Total single-family 6,158 (518) 5,640 (434) 5,206 Construction: Without a related allowance (2) 971 — 971 — 971 Total construction 971 — 971 — 971 Commercial business loans: With a related allowance 49 — 49 (8) 41 Total commercial business loans 49 — 49 (8) 41 Total non-performing loans $ 7,178 $ (518) $ 6,660 $ (442) $ 6,218 (1) Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan, and fair value credit adjustments. (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 March 31, 2020, there were no commitments to lend additional funds to those borrowers whose loans were classified as non-performing . At June 30, 2019, there was one non-performing construction loan with undisbursed loan funds of $1.0 million, which was subsequently upgraded to the special mention category in November 2019. For the quarter ended March 31, 2020 and 2019, the Corporation’s average recorded investment in non-performing loans was $3.9 million and $6.4 million, respectively. The Corporation records payments on non-performing loans utilizing the cash basis or cost recovery method of accounting during the periods when the loans are on non-performing status. For the quarter ended March 31, 2020, the Bank received $71,000 in interest payments from non-performing loans, of which $29,000 were recognized as interest income and the remaining $42,000 were applied to reduce the loan balances under the cost recovery method. In comparison, for the quarter ended March 31, 2019, the Bank received $63,000 in interest payments from non-performing loans, of which $30,000 were recognized as interest income and the remaining $33,000 were applied to reduce the loan balances under the cost recovery method. For the nine months ended March 31, 2020 and 2019, the Corporation's average recorded investment in non-performing loans was $4.4 million and $6.7 million, respectively. For the nine months ended March 31, 2020, the Bank received $275,000 in interest payments from non-performing loans, of which $186,000 were recognized as interest income and the remaining $89,000 were applied to reduce the loan balances under the cost recovery method. In comparison, for the nine months ended March 31, 2019, the Bank received $458,000 in interest payments from non-performing loans, of which $321,000 were recognized as interest income and the remaining $137,000 were applied to reduce the loan balances under the cost recovery method. The following tables present the average recorded investment in non-performing loans and the related interest income recognized for the quarter and nine months ended March 31, 2020 and 2019: Quarter Ended March 31, 2020 2019 Average Interest Average Interest Recorded Income Recorded Income (In Thousands) Investment Recognized Investment Recognized Without related allowances: Mortgage loans: Single-family $ 2,282 $ 8 $ 2,785 $ — Construction — — 745 — 2,282 8 3,530 — With related allowances: Mortgage loans: Single-family 1,569 20 2,841 29 Commercial business loans 40 1 54 1 1,609 21 2,895 30 Total $ 3,891 $ 29 $ 6,425 $ 30 Nine Months Ended March 31, 2020 2019 Average Interest Average Interest Recorded Income Recorded Income (In Thousands) Investment Recognized Investment Recognized Without related allowances: Mortgage loans: Single-family $ 2,747 $ 119 $ 3,570 $ 229 Construction 361 20 579 — 3,108 139 4,149 229 With related allowances: Mortgage loans: Single-family 1,291 44 2,466 89 Commercial business loans 43 3 61 3 1,334 47 2,527 92 Total $ 4,442 $ 186 $ 6,676 $ 321 For the quarter ended March 31, 2020, no new loans were restructured from their original terms and classified as restructured loans and no restructured loans were upgraded or downgraded. For the nine months ended March 31, 2020, no new loans were restructured from their original terms and classified as restructured loans, while two substandard restructured loans were paid off , one restructured loan was downgraded from pass to the substandard category and one restructured loan was upgraded from special mention to the pass category. For the quarter ended March 31, 2019, no new loans were restructured from their original terms and classified as restructured loans, while one restructured loan from the pass category was downgraded to special mention. For the nine months ended March 31, 2019, no new loans were restructured from their original terms and classified as restructured loans, while one restructured loan was upgraded to the pass category , one restructured loan from the pass category was downgraded to special mention and one restructured loan was paid off. During the quarter and nine months ended March 31, 2020 and 2019, no restructured loans were in default within a 12-month period subsequent to their original restructuring. Additionally, during the quarter and nine months ended March 31, 2020, there was no loan whose modification was extended beyond the initial maturity of the modification. During the nine months ended March 31, 2020, there was one restructured loan with a loan balance of $56,000 whose modification was extended. At both March 31, 2020 and June 30, 2019, there were no commitments to lend additional funds to those borrowers whose loans were restructured. As of March 31, 2020, the Corporation held six restructured loans with a net outstanding balance of $1.8 million, all loans were classified as substandard and on non-accrual status. As of June 30, 2019, the Corporation held eight restructured loans with a net outstanding balance of $3.8 million: one loan was classified as special mention on accrual status ($437,000); one loan was classified as substandard on accrual status ($1.4 million); and six loans were classified as substandard on non-accrual status ($1.9 million). Substandard assets have one or more defined weaknesses and are characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. Assets that do not currently expose the Corporation to sufficient risk to warrant adverse classification but possess weaknesses are designated as special mention and are closely monitored by the Corporation. As of March 31, 2020 and June 30, 2019, $683,000 or 39%, and $2.4 million or 63%, respectively, of the restructured loans were current with respect to their modified payment terms. The Corporation upgrades restructured single-family loans to the pass category if the borrower has demonstrated satisfactory contractual payments for at least six consecutive months; 12 months for those loans that were restructured more than once; and if the borrower has demonstrated satisfactory contractual payments beyond 12 consecutive months, the loan is no longer categorized as a restructured loan. In addition to the payment history described above, multi-family, commercial real estate, construction and commercial business loans must also demonstrate a combination of the following characteristics to be upgraded: satisfactory cash flow, satisfactory guarantor support, and additional collateral support, among others. To qualify for restructuring, a borrower must provide evidence of their creditworthiness such as, current financial statements, their most recent income tax returns, current paystubs, current W‑2s, and most recent bank statements, among other documents, which are then verified by the Corporation. The Corporation re-underwrites the loan with the borrower’s updated financial information, new credit report, current loan balance, new interest rate, remaining loan term, updated property value and modified payment schedule, among other considerations, to determine if the borrower qualifies. The Coronavirus Aid, Relief, and Economic Security Act of 2020 signed into law on March 27, 2020 ("CARES Act") provided guidance around the modification of loans as a result of the COVID-19 pandemic, which outlined, among other criteria, that short-term modifications made on a good faith basis to borrowers who were current as defined under the CARES Act prior to any relief, are not TDRs. This includes short-term (e.g. six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers are considered current under the CARES Act if they are less than 30 days past due on their contractual payments at the time a modification program is implemented. At March 31, 2020 the Corporation had not made any short-term modifications as a result of the COVID-19 pandemic. The following table summarizes at the dates indicated the restructured loan balances, net of allowance for loan losses, by loan type and non-accrual versus accrual status: At At (In Thousands) March 31, 2020 June 30, 2019 Restructured loans on non-accrual status: Mortgage loans: Single-family $ 1,726 $ 1,891 Commercial business loans 34 41 Total 1,760 1,932 Restructured loans on accrual status: Mortgage loans: Single-family — 1,861 Total — 1,861 Total restructured loans $ 1,760 $ 3,793 The following tables identify the Corporation’s total recorded investment in restructured loans by type at the dates and for the periods indicated. At March 31, 2020 Unpaid Net Principal Related Recorded Recorded (In Thousands) Balance Charge-offs Investment Allowance (1) Investment Mortgage loans: Single-family: With a related allowance $ 677 $ — $ 677 $ (45) $ 632 Without a related allowance (2) 1,459 (365) 1,094 — 1,094 Total single-family 2,136 (365) 1,771 (45) 1,726 Commercial business loans: With a related allowance 40 — 40 (6) 34 Total commercial business loans 40 — 40 (6) 34 Total restructured loans $ 2,176 $ (365) $ 1,811 $ (51) $ 1,760 (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, 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. During the quarter ended March 31, 2020 and 2019, no properties were acquired in the settlement of loans and no previously foreclosed upon properties were sold. For the nine months ended March 31, 2020, no properties were acquired in the settlement of loans and no previously foreclosed upon properties were sold. This compares to the nine months ended March 31, 2019 when no property was acquired in the settlement of loans, while two previously foreclosed upon properties were sold. As of March 31, 2020 and June 30, 2019, there was no real estate owned property at both dates. A new appraisal is obtained on each of the properties at the time of foreclosure and fair value is derived by using the lower of the appraised value or the listing price of the property, net of selling costs. Any initial loss is recorded as a charge to the allowance for loan losses before being transferred to real estate owned. Subsequent to transfer to real estate owned, if there is further deterioration in real estate values, specific real estate owned loss reserves are established and charged to the condensed consolidated statements of operations. In addition, the Corporation records costs to carry real estate owned as real estate operating expenses as incurred.

Derivative and Other Financial

Derivative and Other Financial Instruments with Off-Balance Sheet Risks	9 Months Ended
	Mar. 31, 2020
Derivative and Other Financial Instruments with Off-Balance Sheet Risks
Derivative and Other Financial Instruments with Off-Balance Sheet Risks	Note 6: Derivative and Other Financial Instruments with Off-Balance Sheet Risks The Corporation is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit in the form of originating loans or providing funds under existing lines of credit, loan sale commitments to third parties and option contracts. These instruments involve, to varying degrees, elements of credit and interest-rate risk in excess of the amount recognized in the accompanying Condensed Consolidated Statements of Financial Condition. The Corporation’s exposure to credit loss, in the event of non-performance by the counterparty to these financial instruments, is represented by the contractual amount of these instruments. The Corporation uses the same credit policies in entering into financial instruments with off-balance sheet risk as it does for on-balance sheet instruments. As of March 31, 2020 and June 30, 2019, the Corporation had commitments to extend credit on loans to be held for investment of $3.4 million and $4.3 million, respectively. The following table provides information at the dates indicated regarding undisbursed funds on construction loans, undisbursed funds to borrowers on existing lines of credit with the Corporation as well as commitments to originate loans to be held for investment at the dates indicated below. Commitments March 31, 2020 June 30, 2019 (In Thousands) Undisbursed loan funds – Construction loans $ 5,485 $ 6,592 Undisbursed lines of credit – Commercial business loans 920 1,003 Undisbursed lines of credit – Consumer loans 463 479 Commitments to extend credit on loans to be held for investment 3,353 4,254 Total $ 10,221 $ 12,328 The following table provides information regarding the allowance for loan losses for the undisbursed funds and commitments to extend credit on loans to be held for investment for the quarter and nine months ended March 31, 2020 and 2019. For the Quarter Ended For the Nine Months Ended March 31, March 31, (In Thousands) 2020 2019 2020 2019 Balance, beginning of the period $ 138 $ 150 $ 141 $ 157 Provision (recovery) (47) 1 (50) (6) Balance, end of the period $ 91 $ 151 $ 91 $ 151 In accordance with ASC 815, "Derivatives and Hedging," and interpretations of the Derivatives Implementation Group of the FASB, the fair value of the commitments to extend credit on loans to be held for sale, loan sale commitments, to be announced ("TBA") MBS trades, put option contracts and call option contracts are recorded at fair value on the Condensed Consolidated Statements of Financial Condition. The Corporation does not apply hedge accounting to its derivative financial instruments; therefore, all changes in fair value are recorded in earnings. As of March 31, 2020 and June 30, 2019, there were no outstanding derivative financial instruments. The net impact of derivative financial instruments recorded within the gain on sale of loans contained in the Condensed Consolidated Statements of Operations during the quarter and nine months ended March 31, 2020 and 2019 was as follows: For the Quarter Ended For the Nine Months Ended March 31, March 31, Derivative Financial Instruments 2020 2019 2020 2019 (In Thousands) Commitments to extend credit on loans to be held for sale $ — $ (264) $ — $ (585) Mandatory loan sale commitments and TBA MBS trades — 465 — 216 Total net loss $ — $ 201 $ — $ (369) Loans previously sold to the FHLB – San Francisco under the Mortgage Partnership Finance (“MPF”) program have a recourse liability. The FHLB – San Francisco absorbs the first four basis points of loss by establishing a first loss account and a credit scoring process is used to calculate the maximum recourse amount for the Bank. All losses above the Bank’s maximum recourse amount are the responsibility of the FHLB – San Francisco. The FHLB – San Francisco pays the Bank a credit enhancement fee on a monthly basis to compensate the Bank for accepting the recourse obligation. As of March 31, 2020 and June 30, 2019, the Bank serviced $7.9 million and $9.7 million of loans under this program, respectively and has established a recourse liability of $50,000 at both dates. Occasionally, the Bank is required to repurchase loans sold to Freddie Mac, Fannie Mae or other investors if it is determined that such loans do not meet the credit requirements of the investor, or if one of the parties involved in the loan misrepresented pertinent facts, committed fraud, or if such loans were 90‑days past due within 120 days of the loan funding date. During the quarter ended March 31, 2020, the Bank did not repurchase any loans. In comparison during the same quarter last year, the Bank repurchased two loans totaling $446,000 pursuant to the recourse/repurchase covenants contained in the loan sale agreements. During the first nine months of fiscal 2020, the Bank repurchased three loans totaling $1.1 million. In comparison during the first nine months of fiscal 2019, the Bank repurchased five loans totaling $699,000, including two loans totaling $25,000 that were fully charged off. There were no other repurchase requests that did not result in the repurchase of the loan itself, which were settled in the quarter and nine months ended March 31, 2020 and 2019. In addition to the specific recourse liability for the MPF program, the Bank established a recourse liability of $200,000 for loans sold to other investors as of both March 31, 2020 and June 30, 2019. The following table shows the summary of the recourse liability for the quarter and nine months ended March 31, 2020 and 2019: For the Quarter Ended For the Nine Months Ended March 31, March 31, Recourse Liability 2020 2019 2020 2019 (In Thousands) Balance, beginning of the period $ 250 $ 250 $ 250 $ 283 Provision (recovery) from recourse liability — — — (33) Net settlements in lieu of loan repurchases — — — — Balance, end of the period $ 250 $ 250 $ 250 $ 250

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Mar. 31, 2020
Fair Value of Financial Instruments
Fair Value of Financial Instruments	Note 7: Fair Value of Financial Instruments The Corporation adopted ASC 820, "Fair Value Measurements and Disclosures," and elected the fair value option pursuant to ASC 825, "Financial Instruments" on loans originated for sale. ASC 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 825 permits entities to elect to measure many financial instruments and certain other assets and liabilities at fair value on an instrument-by-instrument basis (the "Fair Value Option") at specified election dates. At each subsequent reporting date, an entity is required to report unrealized gains and losses on items in earnings for which the fair value option has been elected. The objective of the Fair Value Option is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. The following table describes the difference at the dates indicated between the aggregate fair value and the aggregate unpaid principal balance of loans held for investment at fair value: Aggregate Unpaid Net Aggregate Principal Unrealized (In Thousands) Fair Value Balance Loss As of March 31, 2020: Loans held for investment, at fair value $ 3,835 $ 3,971 $ (136) As of June 30, 2019: Loans held for investment, at fair value $ 5,094 $ 5,218 $ (124) ASC 820‑10‑65‑4, "Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly," provides additional guidance for estimating fair value in accordance with ASC 820, "Fair Value Measurements," when the volume and level of activity for the asset or liability have significantly decreased. ASC 820 establishes a three-level valuation hierarchy that prioritizes inputs to valuation techniques used in fair value calculations. The three levels of inputs are defined as follows: Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Corporation has the ability to access at the measurement date. Level 2 - Observable inputs other than Level 1 such as: quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated to observable market data for substantially the full term of the asset or liability. Level 3 - Unobservable inputs for the asset or liability that use significant assumptions, including assumptions of risks. These unobservable assumptions reflect the Corporation’s estimate of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of pricing models, discounted cash flow models and similar techniques. ASC 820 requires the Corporation to maximize the use of observable inputs and minimize the use of unobservable inputs. If a financial instrument uses inputs that fall in different levels of the hierarchy, the instrument will be categorized based upon the lowest level of input that is significant to the fair value calculation. The Corporation’s financial assets and liabilities measured at fair value on a recurring basis consist of investment securities available for sale, loans held for investment at fair value, interest-only strips and derivative financial instruments; while non-performing loans, mortgage servicing assets ("MSA") and real estate owned are measured at fair value on a nonrecurring basis. Investment securities - available for sale are primarily comprised of U.S. government agency MBS, U.S. government sponsored enterprise MBS and privately issued CMO. The Corporation utilizes quoted prices in active markets for similar securities for its fair value measurement of MBS (Level 2) and broker price indications for similar securities in non-active markets for its fair value measurement of the CMO (Level 3). Derivative financial instruments are comprised of commitments to extend credit on loans to be held for sale, mandatory loan sale commitments, TBA MBS trades and option contracts. The fair value of TBA MBS trades is determined using quoted secondary-market prices (Level 2). The fair values of other derivative financial instruments are determined by quoted prices for a similar commitment or commitments, adjusted for the specific attributes of each commitment (Level 3). Loans held for investment at fair value are primarily single-family loans which have been transferred from loans held for sale. The fair value is determined by the management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan (Level 3). Non-performing loans are loans which are inadequately protected by the current sound net worth and paying capacity of the borrowers or of the collateral pledged. The non-performing loans are characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. The fair value of a non-performing loan is determined based on an observable market price or current appraised value of the underlying collateral. Appraised and reported values may be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the borrower. For non-performing loans which are restructured loans, the fair value is derived from discounted cash flow analysis (Level 3), except those which are in the process of foreclosure or 90 days delinquent for which the fair value is derived from the appraised value of its collateral (Level 2). For other non-performing loans which are not restructured loans, other than non-performing commercial real estate loans, the fair value is derived from relative value analysis: historical experience and management estimates by loan type for which collectively evaluated allowances are assigned (Level 3); or the appraised value of its collateral for loans which are in the process of foreclosure or where borrowers file bankruptcy (Level 2). For non-performing commercial real estate loans, the fair value is derived from the appraised value of its collateral (Level 2). Non-performing loans are reviewed and evaluated on at least a quarterly basis for additional allowance and adjusted accordingly, based on the same factors identified above. This loss is not recorded directly as an adjustment to current earnings or other comprehensive income (loss), but rather as a component in determining the overall adequacy of the allowance for loan losses. These adjustments to the estimated fair value of non-performing loans may result in increases or decreases to the provision for loan losses recorded in current earnings. The Corporation uses the amortization method for its MSA, which amortizes the MSA in proportion to and over the period of estimated net servicing income and assesses the MSA for impairment based on fair value at each reporting date. The fair value of the MSA is derived using the present value method; which includes a third party’s prepayment projections of similar instruments, weighted-average coupon rates, estimated servicing costs and discount interest rates (Level 3). The rights to future income from serviced loans that exceed contractually specified servicing fees are recorded as interest-only strips. The fair value of interest-only strips is derived using the same assumptions that are used to value the related MSA (Level 3). The fair value of real estate owned is derived from the lower of the appraised value or the listing price, net of estimated selling costs (Level 2). The Corporation’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Corporation’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. The following fair value hierarchy tables present information at the dates indicated about the Corporation’s assets measured at fair value on a recurring basis: Fair Value Measurement at March 31, 2020 Using: (In Thousands) Level 1 Level 2 Level 3 Total Assets: Investment securities - available for sale: U.S. government agency MBS $ — $ 3,001 $ — $ 3,001 U.S. government sponsored enterprise MBS — 1,630 — 1,630 Private issue CMO — — 197 197 Investment securities - available for sale — 4,631 197 4,828 Loans held for investment, at fair value — — 3,835 3,835 Interest-only strips — — 13 13 Total assets $ — $ 4,631 $ 4,045 $ 8,676 Liabilities $ — $ — $ — $ — Total liabilities $ — $ — $ — $ — Fair Value Measurement at June 30, 2019 Using: (In Thousands) Level 1 Level 2 Level 3 Total Assets: Investment securities - available for sale: U.S. government agency MBS $ — $ 3,613 $ — $ 3,613 U.S. government sponsored enterprise MBS — 2,087 — 2,087 Private issue CMO — — 269 269 Investment securities - available for sale — 5,700 269 5,969 Loans held for investment, at fair value — — 5,094 5,094 Interest-only strips — — 16 16 Total assets $ — $ 5,700 $ 5,379 $ 11,079 Liabilities: $ — $ — $ — $ — Total liabilities $ — $ — $ — $ — The following tables summarize reconciliations of the beginning and ending balances during the periods shown of recurring fair value measurements recognized in the Condensed Consolidated Statements of Financial Condition using Level 3 inputs: For the Quarter Ended March 31, 2020 Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3) Private Issue Loans Held For Investment, Interest- Only (In Thousands) CMO at fair value (1) Strips Total Beginning balance at December 31, 2019 $ 231 $ 4,173 $ 13 $ 4,417 Total gains or losses (realized/unrealized): Included in earnings — (25) — (25) Included in other comprehensive loss (26) — — (26) Purchases — — — — Issuances — — — — Settlements (8) (313) — (321) Transfers in and/or out of Level 3 — — — — Ending balance at March 31, 2020 $ 197 $ 3,835 $ 13 $ 4,045 (1) The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan. For the Quarter Ended March 31, 2019 Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3) Loans Held Private For Interest- Loan Issue Investment, at Only Commitments Mandatory (In Thousands) CMO fair value (1) Strips to Originate (2) Commitments (3) Total Beginning balance at December 31, 2018 $ 310 $ 4,995 $ 21 $ 504 $ (9) $ 5,821 Total gains or losses (realized/unrealized): Included in earnings — 87 — (264) (3) (180) Included in other comprehensive loss 1 — (3) — — (2) Purchases — — — — — — Issuances — — — — — — Settlements (11) (34) — — 5 (40) Transfers in and/or out of Level 3 — 191 — — — 191 Ending balance at March 31, 2019 $ 300 $ 5,239 $ 18 $ 240 $ (7) $ 5,790 (1) The valuation of loans held for investment at fair value includes the management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan. (2) Consists of commitments to extend credit on loans to be held for sale. (3) Consists of mandatory loan sale commitments. For the Nine Months Ended March 31, 2020 Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3) Private Issue Loans Held For Investment, Interest- (In Thousands) CMO at fair value (1) Only Strips Total Beginning balance at June 30, 2019 $ 269 $ 5,094 $ 16 $ 5,379 Total gains or losses (realized/unrealized): Included in earnings — (12) — (12) Included in other comprehensive loss (29) — (3) (32) Purchases — — — — Issuances — — — — Settlements (43) (1,247) — (1,290) Transfers in and/or out of Level 3 — — — — Ending balance at March 31, 2020 $ 197 $ 3,835 $ 13 $ 4,045 (1) The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan. For the Nine Months Ended March 31, 2019 Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3) Loans Held Private For Interest- Loan Issue Investment, at Only Commitments Mandatory (In Thousands) CMO fair value (1) Strips to Originate (2) Commitments (3) Total Beginning balance at June 30, 2018 $ 350 $ 5,234 $ 23 $ 825 $ (32) $ 6,400 Total gains or losses (realized/unrealized): Included in earnings — 133 — (585) 18 (434) Included in other comprehensive loss — — (5) — — (5) Purchases — — — — — — Issuances — — — — — — Settlements (50) (789) — — 7 (832) Transfers in and/or out of Level 3 — 661 — — — 661 Ending balance at March 31, 2019 $ 300 $ 5,239 $ 18 $ 240 $ (7) $ 5,790 (1) The valuation of loans held for investment at fair value includes the management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan. (2) Consists of commitments to extend credit on loans to be held for sale. (3) Consists of mandatory loan sale commitments. The following fair value hierarchy tables present information about the Corporation’s assets measured at fair value at the dates indicated on a nonrecurring basis: Fair Value Measurement at March 31, 2020 Using: (In Thousands) Level 1 Level 2 Level 3 Total Non-performing loans $ — $ 2,073 $ 1,562 $ 3,635 Mortgage servicing assets — — 386 386 Real estate owned, net — — — — Total $ — $ 2,073 $ 1,948 $ 4,021 Fair Value Measurement at June 30, 2019 Using: (In Thousands) Level 1 Level 2 Level 3 Total Non-performing loans $ — $ 3,971 $ 2,247 $ 6,218 Mortgage servicing assets — — 627 627 Real estate owned, net — — — — Total $ — $ 3,971 $ 2,874 $ 6,845 The following table presents additional information about valuation techniques and inputs used for assets and liabilities, which are measured at fair value and categorized within Level 3 as of March 31, 2020: Impact to Fair Value Valuation As of from an March 31, Valuation Range (1) Increase in (Dollars In Thousands) 2020 Techniques Unobservable Inputs (Weighted Average) Inputs (2) Assets: Securities available-for sale: Private issue CMO $ 197 Market comparable pricing Comparability adjustment (9.9)% – (10.7)% ((10.0)%) Increase Loans held for investment, at fair value $ 3,835 Relative value analysis Broker quotes 98.0% – 104.6% Increase Non-performing loans (3) $ 666 Discounted cash flow Default rates 5.0% Decrease Non-performing loans (4) $ 896 Relative value analysis Credit risk factor 20.0% - 30.0% (20.4%) Decrease Mortgage servicing assets $ 386 Discounted cash flow Prepayment speed (CPR) 18.7% - 60.0% (31.2%) Decrease Interest-only strips $ 13 Discounted cash flow Prepayment speed (CPR) 18.7% - 37.5% (36.2%) Decrease Liabilities: None (1) The range is based on the historical estimated fair values and management estimates. (2) Unless otherwise noted, this column represents the directional change in the fair value of the Level 3 investments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant changes in these inputs in isolation could result in significantly higher or lower fair value measurements. (3) Consists of restructured loans . (4) Consists of other non-performing loans, excluding restructured loans. The significant unobservable inputs used in the fair value measurement of the Corporation’s assets and liabilities include the following: prepayment speeds, discount rates and broker quotes, among others. Significant increases or decreases in any of these inputs in isolation could result in significantly lower or higher fair value measurement. The various unobservable inputs used to determine valuations may have similar or diverging impacts on valuation. The carrying amount and fair value of the Corporation’s other financial instruments as of March 31, 2020 and June 30, 2019 was as follows: March 31, 2020 Carrying Fair (In Thousands) Amount Value Level 1 Level 2 Level 3 Financial assets: Investment securities - held to maturity $ 69,482 $ 71,399 $ — $ 71,399 $ — Loans held for investment, not recorded at fair value $ 910,472 $ 905,972 $ — $ — $ 905,972 FHLB – San Francisco stock $ 8,199 $ 8,199 $ — $ 8,199 $ — Financial liabilities: Deposits $ 835,831 $ 807,962 $ — $ — $ 807,962 Borrowings $ 131,070 $ 136,606 $ — $ — $ 136,606 June 30, 2019 Carrying Fair (In Thousands) Amount Value Level 1 Level 2 Level 3 Financial assets: Investment securities - held to maturity $ 94,090 $ 95,359 $ — $ 95,359 $ — Loans held for investment, not recorded at fair value $ 874,831 $ 861,374 $ — $ — $ 861,374 FHLB – San Francisco stock $ 8,199 $ 8,199 $ — $ 8,199 $ — Financial liabilities: Deposits $ 841,271 $ 813,087 $ — $ — $ 813,087 Borrowings $ 101,107 $ 102,826 $ — $ — $ 102,826 Investment securities - held to maturity: The investment securities - held to maturity consist of time deposits at CRA qualified minority financial institutions, U.S. SBA securities and U.S. government sponsored enterprise MBS. Due to the short-term nature of the time deposits, the principal balance approximated fair value (Level 2). For the MBS and the U.S. SBA securities, the Corporation utilizes quoted prices in active markets for similar securities for its fair value measurement (Level 2). Loans held for investment, not recorded at fair value: For loans that reprice frequently at market rates, the carrying amount approximates the fair value. For fixed-rate loans, the fair value is determined by either (i) discounting the estimated future cash flows of such loans over their estimated remaining contractual maturities using a current interest rate at which such loans would be made to borrowers, or (ii) quoted market prices. FHLB – San Francisco stock: The carrying amount reported for FHLB – San Francisco stock approximates fair value. When redeemed, the Corporation will receive an amount equal to the par value of the stock. Deposits: The fair value of time deposits is estimated using a discounted cash flow calculation. The discount rate is based upon rates currently offered for deposits of similar remaining maturities. The fair value of transaction accounts (checking, money market and savings accounts) is estimated using a discounted cash flow calculation and management estimates of current market conditions. Borrowings: The fair value of borrowings has been estimated using a discounted cash flow calculation. The discount rate on such borrowings is based upon rates currently offered for borrowings of similar remaining maturities. The Corporation has various processes and controls in place to ensure that fair value is reasonably estimated. The Corporation generally determines fair value of their Level 3 assets and liabilities by using internally developed models which primarily utilize discounted cash flow techniques and prices obtained from independent management services or brokers. The Corporation performs due diligence procedures over third-party pricing service providers in order to support their use in the valuation process. While the Corporation believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. During the quarter ended March 31, 2020, there were no significant changes to the Corporation’s valuation techniques that had, or are expected to have, a material impact on its condensed consolidated financial position or results of operations.

Reclassification Adjustment of

Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI")	9 Months Ended
	Mar. 31, 2020
Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI")
Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI")	Note 8: Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI") The following tables provide the changes in AOCI by component for the quarter and nine months ended March 31, 2020 and 2019. For the Quarter Ended March 31, 2020 Unrealized gains and losses on Investment securities Interest- (In Thousands) available for sale only strips Total Beginning balance at December 31, 2019 $ 124 $ 9 $ 133 Other comprehensive loss before reclassifications (66) — (66) Amount reclassified from accumulated other comprehensive income — — — Net other comprehensive loss (66) — (66) Ending balance at March 31, 2020 $ 58 $ 9 $ 67 For the Quarter Ended March 31, 2019 Unrealized gains and losses on Investment securities Interest- (In Thousands) available for sale only strips Total Beginning balance at December 31, 2018 $ 154 $ 15 $ 169 Other comprehensive loss before reclassifications (4) (2) (6) Amount reclassified from accumulated other comprehensive income — — — Net other comprehensive loss (4) (2) (6) Ending balance at March 31, 2019 $ 150 $ 13 $ 163 For the Nine Months Ended March 31, 2020 Unrealized gains and losses on Investment securities Interest- (In Thousands) available for sale only strips Total Beginning balance at June 30, 2019 $ 150 $ 11 $ 161 Other comprehensive loss before reclassifications (92) (2) (94) Amount reclassified from accumulated other comprehensive income — — — Net other comprehensive loss (92) (2) (94) Ending balance at March 31, 2020 $ 58 $ 9 $ 67 For the Nine Months Ended March 31, 2019 Unrealized gains and losses on Investment securities Interest- (In Thousands) available for sale only strips Total Beginning balance at June 30, 2018 $ 194 $ 16 $ 210 Other comprehensive loss before reclassifications (44) (3) (47) Amount reclassified from accumulated other comprehensive income — — — Net other comprehensive loss (44) (3) (47) Ending balance at March 31, 2019 $ 150 $ 13 $ 163

Revenue From Contracts With Cus

Revenue From Contracts With Customers	9 Months Ended
	Mar. 31, 2020
Revenue From Contracts With Customers
Revenue From Contracts With Customers	Note 9: Revenue From Contracts With Customers In accordance with ASC 606, revenues are recognized when goods or services are transferred to the customer in exchange for the consideration the Corporation expects to be entitled to receive. The largest portion of the Corporation's revenue is from interest income, which is not in the scope of ASC 606. All of the Corporation's revenue from contracts with customers in the scope of ASC 606 is recognized in non-interest income. If a contract is determined to be within the scope of ASC 606, the Corporation recognizes revenue as it satisfies a performance obligation. Payments from customers are generally collected at the time services are rendered, monthly or quarterly. For contracts with customers within the scope of ASC 606, revenue is either earned at a point in time or revenue is earned over time. Examples of revenue earned at a point in time are automated teller machine ("ATM") transaction fees, wire transfer fees, overdraft fees and interchange fees. Revenue is primarily based on the number and type of transactions that are generally derived from transactional information accumulated by our systems and is recognized immediately as the transactions occur or upon providing the service to complete the customer's transaction. The Corporation is generally the principal in these contracts, with the exception of interchanges fees, in which case the Corporation is acting as the agent and records revenue net of expenses paid to the principal. Examples of revenue earned over time, which generally occur on a monthly basis, are deposit account maintenance fees, investment advisory fees, merchant revenue, trust and investment management fees and safe deposit box fees. Revenue is generally derived from transactional information accumulated by our systems or those of third-parties and is recognized as the related transactions occur or services are rendered to the customer. Disaggregation of Revenue: The following table includes the Corporation's non-interest income disaggregated by type of services for the quarter and nine months ended March 31, 2020 and 2019: For the Quarter Ended For the Nine Months Ended March 31, March 31, Type of Services 2020 2019 2020 2019 (In Thousands) Asset management fees $ 70 $ 77 $ 234 $ 215 Debit card and ATM fees 380 395 1,195 1,227 Deposit related fees 439 484 1,370 1,522 Loan related fees 12 12 26 25 BOLI (1) 48 47 141 140 Loan servicing fees (1) 131 262 631 863 Net gain (loss) on sale of loans (1) (2) 14 1,719 (115) 7,114 Other 7 56 33 90 Total non-interest income $ 1,101 $ 3,052 $ 3,515 $ 11,196 (1) Not in scope of ASC 606. (2) There were no loan sales in the quarter and first nine months of fiscal 2020 as compared to the loan sale volume of $95.8 million and $408.9 million for the quarter and first nine months of fiscal 2019, respectively. For the quarter and nine months ended March 31, 2020 and 2019, substantially all of the Corporation's revenues within the scope of ASC 606 are for performance obligations satisfied at a specified date. Revenues recognized in scope of ASC 606: Asset management fees : Asset management fees are variable, since they are based on the underlying portfolio value, which is subject to market conditions and amounts invested by clients through a third-party provider. Asset management fees are recognized over the period that services are provided, and when the portfolio values are known or can be estimated at the end of each month. Debit card and ATM fees : Debit and ATM interchange income represents fees earned when a debit card issued by the Bank is used. The Bank earns interchange fees from debit cardholder transactions through a third party payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. The performance obligation is satisfied and the fees are earned when the cost of the transaction is charged to the cardholders’ debit card. Certain expenses directly associated with the debit cards are recorded on a net basis with the interchange income. Deposit related fees : Fees are earned on the Bank’s deposit accounts for various products offered to or services performed for the Bank’s customers. Fees include business account fees, non-sufficient fund fees, stop payment fees, wire services, safe deposit box and others. These fees are recognized on a daily, monthly or quarterly basis, depending on the type of service. Loan related fees : Non-interest loan fee income is earned on loans that the Bank services, excluding loan servicing fees which are not within the scope of ASC 606. Loan related fees include prepayment fees, late charges, brokered loan fees, maintenance fees and others. These fees are recognized on a daily, monthly, quarterly or annual basis, depending on the type of service. Other : Fees earned on other services, such as merchant services or occasional non-recurring type services, are recognized at the time of the event or the applicable billing cycle.

Leases

Leases	9 Months Ended
	Mar. 31, 2020
Leases
Leases	Note 10: Leases The Corporation accounts for its leases in accordance with ASC 842, which was implemented on July 1, 2019, and requires the Corporation to record liabilities for future lease obligations as well as assets representing the right to use the underlying leased assets. The Corporation's leases primarily represent future obligations to make payments for the use of buildings, space or equipment for its operations. Liabilities to make future lease payments are recorded in accounts payable, accrued interest and other liabilities, while right-of-use assets are recorded in premises and equipment in the Corporation's condensed consolidated statements of financial condition. At March 31, 2020, all of the Corporation's leases were classified as operating leases and the Corporation did not have any operating leases with an initial term of 12 months or less ("short-term leases"). Liabilities to make future lease payments and right of use assets are recorded for operating leases and do not include short-term leases. These liabilities and right-of-use assets are determined based on the total contractual base rents for each lease, which include options to extend or renew each lease, where applicable, and where the Corporation believes it has an economic incentive to extend or renew the lease. Due to the fact that lease extensions are not reasonably certain, the Corporation generally does not recognize payments occurring during option periods in the calculation of its operating right-of-use lease assets and operating lease liabilities. The Corporation utilizes the FHLB - San Francisco rates as a discount rate for each of the remaining contractual terms at the adoption date as well as for future leases if the discount rate is not stated in the lease. For leases that contain variable lease payments, the Corporation assumes future lease payment escalations based on a lease payment escalation rate specified in the lease or the specified index rate observed at the time of lease commencement. Liabilities to make future lease payments are accounted for using the interest method, being reduced by periodic contractual lease payments net of periodic interest accretion. Right-of-use assets for operating leases are amortized over the term of the associated lease by amounts that represent the difference between periodic straight-line lease expense and periodic interest accretion in the related liability to make future lease payments. For the quarter and nine months ended March 31, 2020, expenses associated with the Corporation's leases totaled $212,000 and $613,000, respectively, and was recorded in premises and occupancy expenses and equipment expenses in the condensed consolidated statements of operations. The following table presents supplemental information related to operating leases at the date and for the periods indicated: Quarter Nine Months Ended Ended As of March 31, March 31, March 31, (In Thousands) 2020 2020 2020 Condensed Consolidated Statements of Condition: Premises and equipment - Operating lease right of use assets $ 2,745 Accounts payable, accrued interest and other liabilities - Operating lease liabilities $ 2,877 Condensed Consolidated Statements of Operations: Premises and occupancy expenses from operating leases (1) (2) $ 195 $ 569 Equipment expenses from operating leases $ 17 $ 44 Condensed Consolidated Statements of Cash Flows: Operating cash flows from operating leases, net (2) $ 243 $ 806 (1) Variable lease costs are immaterial. (2) Revenue related to sublease activity is immaterial and netted against operating lease expenses. The following table provides information related to remaining minimum contractual lease payments and other information associated with the Corporation’s leases as of March 31, 2020: Amount (1) Year Ending June 30, (In Thousands) 2020 $ 233 2021 753 2022 677 2023 478 2024 361 Thereafter 530 Total contract lease payments $ 3,032 Total liability to make lease payments $ 2,877 Difference in undiscounted and discounted future lease payments $ 155 Weighted average discount rate 2.15 % Weighted average remaining lease term (years) 4.7 (1) Contractual base rents do not include property taxes and other operating expenses due under respective lease agreements. The following table summarizes the impact of the adoption of the new lease accounting guidance on the Corporation’s condensed consolidated statements of financial condition as of July 1, 2019: Adjustments June 30, due to new July 1, March 31, (In Thousands) 2019 lease guidance 2019 2020 Total assets $ 1,084,850 $ 3,399 $ 1,088,249 $ 1,107,567 Total liabilities $ 964,209 $ 3,704 $ 967,913 $ 984,409 Total equity $ 120,641 $ — $ 120,641 $ 123,158

Subsequent Events

Subsequent Events	9 Months Ended
	Mar. 31, 2020
Subsequent Events
Subsequent Events	Note 12: Subsequent Events On April 30, 2020, the Corporation announced that the Corporation’s Board of Directors declared a quarterly cash dividend of $0.14 per share. Shareholders of the Corporation’s common stock at the close of business on May 21, 2020 are entitled to receive the cash dividend. The cash dividend will be payable on June 11, 2020. On April 30, 2020, the Corporation announced that the Corporation's Board of Directors authorized the repurchase of up to five percent of the Corporation's common stock, or approximately 371,815 shares. The Corporation will purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year period depending on market conditions, the capital requirements of the Corporation, and available cash that can be allocated to the stock repurchase program, among other considerations.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Mar. 31, 2020
Significant Accounting Policies
Basis of Presentation	Basis of Presentation The unaudited interim condensed consolidated financial statements included herein reflect all adjustments which are, in the opinion of management, necessary to present a fair statement of the results of operations for the interim periods presented. All such adjustments are of a normal, recurring nature. The condensed consolidated statement of financial condition at June 30, 2019 is derived from the audited consolidated financial statements of Provident Financial Holdings, Inc. and its wholly-owned subsidiary, Provident Savings Bank, F.S.B. (the "Bank") (collectively, the "Corporation"). Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been omitted pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC") with respect to interim financial reporting. It is recommended that these unaudited interim condensed consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s Annual Report on Form 10‑K for the year ended June 30, 2019. The results of operations for the quarter ended March 31, 2020 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2020.
Accounting Standard Updates ("ASU")	Accounting Standard Updates (“ASU”) There have been no accounting standard updates or changes in the status of their adoption that are significant to the Corporation as previously disclosed in Note 1 of the Corporation's Annual Report on Form 10-K for the year ended June 30, 2019, other than: ASU 2016-13: In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, “Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” and subsequent amendments to the initial guidance in November 2018, ASU No. 2018-19, April 2019, ASU 2019-04, May 2019, ASU 2019-05, November 2019, ASU 2019-11 , February 2020, ASU 2020-02 and March 2020, ASU 2020-03, all of which clarifies codification and corrects unintended application of the guidance. In November 2019, the FASB also issued ASU 2019-10, “Financial Instruments — Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842): Effective Dates” extending the adoption date for certain registrants, including the Corporation. These ASUs will be effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Corporation is evaluating its current expected loss methodology of its loan and investment portfolios to identify the necessary modifications in accordance with these standards and expects a change in the processes and procedures to calculate the allowance for loan losses, including changes in assumptions and estimates to consider expected credit losses over the life of the loan versus the current accounting practice that utilizes the incurred loss model. A valuation adjustment to its allowance for loan losses or investment portfolio that is identified in this process will be reflected as a one-time adjustment in equity rather than earnings upon adoption. The Corporation is in the process of compiling historical data that will be used to calculate expected credit losses on its loan portfolio to ensure the Corporation is fully compliant with these ASUs at the adoption date and is evaluating the potential impact adoption that these ASUs will have on the Corporation’s Consolidated Financial Statements. ASU 2018-11 In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)," and a subsequent amendment to the initial guidance in February 2020, ASU 2020-02. This ASU introduces a lessee model that brings most leases onto the balance sheet and aligns many of the underlying principles of the new lessor model with those in the new revenue recognition standard, Accounting Standards Codification ("ASC”) 606, Revenue From Contracts With Customers. The new leases standard represents a wholesale change to lease accounting and did not result in significant implementation challenges during the transition period. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. The effective date of this ASU for annual periods is beginning after December 15, 2018 (i.e., calendar periods beginning on January 1, 2019) and interim periods therein. In July 2018, the FASB issued ASU 2018-11, Leases, Targeted Improvements, which allows entities the option of initially applying the new leases standard at the adoption date (such as January 1, 2019, for calendar year- end public business entities) and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Corporation adopted the provisions of ASC 842 effective July 1, 2019 utilizing the transition method allowed under ASU 2018-11 and will not restate comparative periods as well as electing to not separate non-lease components from lease components. The Corporation elected the package of practical expedients permitted under ASC 842's transition guidance, which allows the Corporation to carryforward its historical lease classifications and its assessment as to whether a contract is or contains a lease. The Corporation also elected to not recognize lease assets and lease liabilities for leases with an initial term of 12 months or less. The adoption of ASC 842 did not have a material impact on its consolidated financial statements. See Note 10 for additional discussion. ASU 2018-13: In August 2018, the FASB issued ASU 2018-13, “Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement, which modifies disclosure requirements on fair value measurements to improve their effectiveness.” The guidance permits entities to consider materiality when evaluating fair value measurement disclosures and, among other modifications, requires certain new disclosures related to Level 3 fair value measurements. This guidance will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption permitted. The guidance only affects disclosures in the notes to the consolidated financial statements and will not otherwise affect the Corporation's Consolidated Financial Statements. ASU 2020-04: In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of reference Rate Reform on Financial Reporting. This ASU applies to contracts, hedging relationships and other transactions that reference LIBOR or other rate references expected to be discontinued because of reference rate reform. The ASU permits an entity to make necessary modifications to eligible contracts or transactions without requiring contract remeasurement or reassessment of a previous accounting determination. This ASU is effective for all entities as of March 12, 2020 through December 31, 2022. The Corporation is in the process of compiling data on the impact of reference rate reform and has not determined the impact of the adoption of this ASU on its consolidated financial statements.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2020
Earnings Per Share
Schedule of earnings per share, basic and diluted	For the Quarter Ended For the Nine Months Ended March 31, March 31, (In Thousands, Except Earnings Per Share) 2020 2019 2020 2019 Numerator: Net income (loss) – numerator for basic earnings per share and diluted earnings per share - available to common stockholders $ 1,145 $ (151) $ 6,105 $ 3,630 Denominator: Denominator for basic earnings per share: Weighted-average shares 7,469 7,507 7,478 7,481 Effect of dilutive shares: Stock options 71 — 87 60 Restricted stock 50 — 41 14 Denominator for diluted earnings per share: Adjusted weighted-average shares and assumed conversions 7,590 7,507 7,606 7,555 Basic earnings (loss) per share $ 0.15 $ (0.02) $ 0.82 $ 0.49 Diluted earnings (loss) per share $ 0.15 $ (0.02) $ 0.80 $ 0.48

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Mar. 31, 2020
Investment Securities
Schedule of available-for-sale securities reconciliation	Gross Gross Estimated Amortized Unrealized Unrealized Fair Carrying March 31, 2020 Cost Gains (Losses) Value Value (In Thousands) Held to maturity: U.S. government sponsored enterprise MBS (1) $ 66,599 $ 2,016 $ (88) $ 68,527 $ 66,599 U.S. SBA securities (2) 2,083 — (11) 2,072 2,083 Certificate of deposits 800 — — 800 800 Total investment securities - held to maturity $ 69,482 $ 2,016 $ (99) $ 71,399 $ 69,482 Available for sale: U.S. government agency MBS $ 2,913 $ 88 $ — $ 3,001 $ 3,001 U.S. government sponsored enterprise MBS 1,614 16 — 1,630 1,630 Private issue CMO (3) 219 — (22) 197 197 Total investment securities - available for sale $ 4,746 $ 104 $ (22) $ 4,828 $ 4,828 Total investment securities $ 74,228 $ 2,120 $ (121) $ 76,227 $ 74,310 (1) Mortgage-Backed Securities ("MBS"). (2) Small Business Administration ("SBA"). (3) Collateralized Mortgage Obligations ("CMO"). Gross Gross Estimated Amortized Unrealized Unrealized Fair Carrying June 30, 2019 Cost Gains (Losses) Value Value (In Thousands) Held to maturity U.S. government sponsored enterprise MBS $ 90,394 $ 1,289 $ (14) $ 91,669 $ 90,394 U.S. SBA securities 2,896 — (6) 2,890 2,896 Certificate of deposits 800 — — 800 800 Total investment securities - held to maturity $ 94,090 $ 1,289 $ (20) $ 95,359 $ 94,090 Available for sale U.S. government agency MBS $ 3,498 $ 116 $ (1) $ 3,613 $ 3,613 U.S. government sponsored enterprise MBS 1,998 89 — 2,087 2,087 Private issue CMO 261 8 — 269 269 Total investment securities - available for sale $ 5,757 $ 213 $ (1) $ 5,969 $ 5,969 Total investment securities $ 99,847 $ 1,502 $ (21) $ 101,328 $ 100,059
Schedule of investments with unrealized loss position	Unrealized Holding Unrealized Holding Unrealized Holding As of March 31, 2020 Losses Losses Losses (In Thousands) Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Description of Securities Value Losses Value Losses Value Losses Held to maturity: U.S. government sponsored enterprise MBS $ 12,057 $ 88 $ — $ — $ 12,057 $ 88 U.S. SBA securities — — 2,072 11 2,072 11 Total investment securities - held to maturity $ 12,057 $ 88 $ 2,072 $ 11 $ 14,129 $ 99 Available for sale Private issue CMO $ 197 $ 22 $ — $ — $ 197 $ 22 Total investment securities – available for sale $ 197 $ 22 $ — $ — $ 197 $ 22 Total investment securities $ 12,254 $ 110 $ 2,072 $ 11 $ 14,326 $ 121 Unrealized Holding Unrealized Holding Unrealized Holding As of June 30, 2019 Losses Losses Losses (In Thousands) Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Description of Securities Value Losses Value Losses Value Losses Held to maturity U.S. government sponsored enterprise MBS $ 6,507 $ 8 $ 1,657 $ 6 $ 8,164 $ 14 U.S. SBA securities — — 2,883 6 2,883 6 Total investment securities - held to maturity $ 6,507 $ 8 $ 4,540 $ 12 $ 11,047 $ 20 Available for sale U.S. government agency MBS $ 289 $ 1 $ — $ — $ 289 $ 1 Total investment securities - available for sale $ 289 $ 1 $ — $ — $ 289 $ 1 Total investment securities $ 6,796 $ 9 $ 4,540 $ 12 $ 11,336 $ 21
Schedule of investments classified by contractual maturity	March 31, 2020 June 30, 2019 Estimated Estimated Amortized Fair Amortized Fair (In Thousands) Cost Value Cost Value Held to maturity: Due in one year or less $ 800 $ 800 $ 400 $ 400 Due after one through five years 22,193 22,942 32,584 32,728 Due after five through ten years 28,121 29,378 35,306 36,090 Due after ten years 18,368 18,279 25,800 26,141 Total investment securities - held to maturity $ 69,482 $ 71,399 $ 94,090 $ 95,359 Available for sale: Due in one year or less $ — $ — $ — $ — Due after one through five years — — — — Due after five through ten years — — — — Due after ten years 4,746 4,828 5,757 5,969 Total investment securities - available for sale $ 4,746 $ 4,828 $ 5,757 $ 5,969 Total investment securities $ 74,228 $ 76,227 $ 99,847 $ 101,328

Loans Held for Investment (Tabl

Loans Held for Investment (Tables)	9 Months Ended
	Mar. 31, 2020
Loans Held for Investment
Schedule of loans held for investment	March 31, June 30, (In Thousands) 2020 2019 Mortgage loans: Single-family $ 326,686 $ 324,952 Multi-family 475,941 439,041 Commercial real estate 105,691 111,928 Construction (1) 6,346 4,638 Other — 167 Commercial business loans (2) 502 478 Consumer loans (3) 122 134 Total loans held for investment, gross 915,288 881,338 Advance payments of escrows 193 53 Deferred loan costs, net 6,636 5,610 Allowance for loan losses (7,810) (7,076) Total loans held for investment, net $ 914,307 $ 879,925 (1) Net of $5.5 million and $6.6 million of undisbursed loan funds as of March 31, 2020 and June 30, 2019, respectively (2) Net of $0.9 million and $1.0 million of undisbursed lines of credit as of March 31, 2020 and June 30, 2019, respectively. (3) Net of $0.5 million and $0.5 million of undisbursed lines of credit as of March 31, 2020 and June 30, 2019, respectively.
Schedule of loans held for investment, contractual repricing	Adjustable Rate After After After One Year 3 Years 5 Years Within One Through 3 Through 5 Through 10 (In Thousands) Year Years Years Years Fixed Rate Total Mortgage loans: Single-family $ $ 44,427 $ 110,309 $ 75,117 $ 10,276 $ 326,686 Multi-family 149,627 160,236 154,391 11,523 164 475,941 Commercial real estate 42,513 30,600 32,210 — 368 105,691 Construction 4,902 — — — 1,444 6,346 Commercial business loans 100 — — — 402 502 Consumer loans 122 — — — — 122 Total loans held for investment, gross $ $ 235,263 $ 296,910 $ 86,640 $ 12,654 $ 915,288
Schedule of gross loans held for investment by loan types and risk category	March 31, 2020 Single- Multi- Commercial Commercial (In Thousands) family family Real Estate Construction Business Consumer Total Pass $ 316,974 $ 472,142 $ 105,691 $ 4,675 $ 462 $ 122 $ 900,066 Special Mention 5,890 3,799 — 1,671 — — 11,360 Substandard 3,822 — — — 40 — 3,862 Total loans held for investment, gross $ 326,686 $ 475,941 $ 105,691 $ 6,346 $ 502 $ 122 $ 915,288 June 30, 2019 Single- Multi- Commercial Other Commercial (In Thousands) family family Real Estate Construction Mortgage 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
Schedule of allowance for loan losses	The following table is provided to disclose additional details for the periods indicated on the Corporation’s allowance for loan losses: For the Quarter Ended For the Nine Months Ended March 31, March 31, (Dollars in Thousands) 2020 2019 2020 2019 Allowance at beginning of period $ $ 7,061 $ 7,076 $ 7,385 Provision (recovery) for loan losses 874 4 671 (450) Recoveries: Mortgage loans: Single-family 14 22 63 177 Consumer loans 1 1 2 2 Total recoveries 15 23 65 179 Charge-offs: Mortgage loans: Single-family — (6) (1) (31) Consumer loans — (2) (1) (3) Total charge-offs — (8) (2) (34) Net recoveries (charge-offs) 15 15 63 145 Balance at end of period $ $ 7,080 $ $ 7,080 Allowance for loan losses as a percentage of gross loans held for investment at the end of the period 0.85 % 0.79 % 0.85 % 0.79 % Net (recoveries) charge-offs as a percentage of average loans receivable, net, during the period (annualized) (0.01) % (0.01) % (0.01) % (0.02) %
Schedule of past due status of gross loans held for investment, net of fair value adjustments	March 31, 2020 30‑89 Days Total Loans Held for (In Thousands) Current Past Due Non-Accrual (1) Investment, Gross Mortgage loans: Single-family $ $ 2,760 $ 3,822 $ 326,686 Multi-family 475,941 — — 475,941 Commercial real estate 105,691 — — 105,691 Construction 6,346 — — 6,346 Commercial business loans 462 — 40 502 Consumer loans 118 4 — 122 Total loans held for investment, gross $ $ 2,764 $ 3,862 $ 915,288 (1) All loans 90 days or greater past due are placed on non-accrual status. June 30, 2019 30‑89 Days Total Loans Held for (In Thousands) Current Past Due Non-Accrual (1) 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.
Schedule of allowance for loan losses and recorded investment	Quarter Ended March 31, 2020 Single- Multi- Commercial Commercial (In Thousands) family family Real Estate Construction Business Consumer Total Allowance for loan losses: Allowance at beginning of period $ 2,157 $ 3,502 $ 1,058 $ 168 $ 28 $ 8 $ 6,921 Provision (recovery) for loan losses 431 456 3 (12) (2) (2) 874 Recoveries 14 — — — — 1 15 Charge-offs — — — — — — — Allowance for loan losses, end of period $ 2,602 $ 3,958 $ 1,061 $ 156 $ 26 $ 7 $ 7,810 Allowance for loan losses: Individually evaluated for impairment $ 45 $ — $ — $ — $ 6 $ — $ 51 Collectively evaluated for impairment 2,557 3,958 1,061 156 20 7 7,759 Allowance for loan losses, end of period $ 2,602 $ 3,958 $ 1,061 $ 156 $ 26 $ 7 $ 7,810 Loans held for investment: Individually evaluated for impairment $ 2,698 $ — $ — $ — $ 40 $ — $ 2,738 Collectively evaluated for impairment 323,988 475,941 105,691 6,346 462 122 912,550 Total loans held for investment, gross $ 326,686 $ 475,941 $ 105,691 $ 6,346 $ 502 $ 122 $ 915,288 Allowance for loan losses as a percentage of gross loans held for investment 0.80 % 0.83 % 1.00 % 2.46 % 5.18 % 5.74 % 0.85 % Quarter Ended March 31, 2019 Single- Multi- Commercial Commercial (In Thousands) family family Real Estate Construction Other Business Consumer Total Allowance for loan losses: Allowance at beginning of period $ 2,679 $ 3,280 $ 1,019 $ 48 $ 3 $ 26 $ 6 $ 7,061 Provision (recovery) for loan losses (58) 20 23 15 — 1 3 4 Recoveries 22 — — — — — 1 23 Charge-offs (6) — — — — — (2) (8) Allowance for loan losses, end of period $ 2,637 $ 3,300 $ 1,042 $ 63 $ 3 $ 27 $ 8 $ 7,080 Allowance for loan losses: Individually evaluated for impairment $ 123 $ — $ — $ — $ — $ 9 $ — $ 132 Collectively evaluated for impairment 2,514 3,300 1,042 63 3 18 8 6,948 Allowance for loan losses, end of period $ 2,637 $ 3,300 $ 1,042 $ 63 $ 3 $ 27 $ 8 $ 7,080 Loans held for investment: Individually evaluated for impairment $ 6,004 $ — $ — $ 745 $ — $ 53 $ — $ 6,802 Collectively evaluated for impairment 308,820 449,812 115,355 3,394 167 430 133 878,111 Total loans held for investment, gross $ 314,824 $ 449,812 $ 115,355 $ 4,139 $ 167 $ 483 $ 133 $ 884,913 Allowance for loan losses as a percentage of gross loans held for investment 0.84 % 0.73 % 0.90 % 1.52 % 1.80 % 5.59 % 6.02 % 0.79 % Nine Months Ended March 31, 2020 Single- Multi- Commercial Commercial (In Thousands) family family Real Estate Construction Other Business Consumer Total Allowance for loan losses: Allowance at beginning of period $ 2,709 $ 3,219 $ 1,050 $ 61 $ 3 $ 26 $ 8 $ 7,076 Provision (recovery) for loan losses (169) 739 11 95 (3) — (2) 671 Recoveries 63 — — — — — 2 65 Charge-offs (1) — — — — — (1) (2) Allowance for loan losses, end of period $ 2,602 $ 3,958 $ 1,061 $ 156 $ — $ 26 $ 7 $ 7,810 Allowance for loan losses: Individually evaluated for impairment $ 45 $ — $ — $ — $ — $ 6 $ — $ 51 Collectively evaluated for impairment 2,557 3,958 1,061 156 — 20 7 7,759 Allowance for loan losses, end of period $ 2,602 $ 3,958 $ 1,061 $ 156 $ — $ 26 $ 7 $ 7,810 Loans held for investment: Individually evaluated for impairment $ 2,698 $ — $ — $ — $ — $ 40 $ — $ 2,738 Collectively evaluated for impairment 323,988 475,941 105,691 6,346 — 462 122 912,550 Total loans held for investment, gross $ 326,686 $ 475,941 $ 105,691 $ 6,346 $ — $ 502 $ 122 $ 915,288 Allowance for loan losses as a percentage of gross loans held for investment 0.80 % 0.8 % 1.00 % 2.46 % — % 5.18 % 5.74 % 0.85 % Nine Months Ended March 31, 2019 Single- Multi- Commercial Commercial (In Thousands) family family Real Estate Construction Other Business Consumer Total Allowance for loan losses: Allowance at beginning of period $ 2,783 $ 3,492 $ 1,030 $ 47 $ 3 $ 24 $ 6 $ 7,385 Provision (recovery) for loan losses (292) (192) 12 16 — 3 3 (450) Recoveries 177 — — — — — 2 179 Charge-offs (31) — — — — — (3) (34) Allowance for loan losses, end of period $ 2,637 $ 3,300 $ 1,042 $ 63 $ 3 $ 27 $ 8 $ 7,080 Allowance for loan losses: Individually evaluated for impairment $ 123 $ — $ — $ — $ — $ 9 $ — $ 132 Collectively evaluated for impairment 2,514 3,300 1,042 63 3 18 8 6,948 Allowance for loan losses, end of period $ 2,637 $ 3,300 $ 1,042 $ 63 $ 3 $ 27 $ 8 $ 7,080 Loans held for investment: Individually evaluated for impairment $ 6,004 $ — $ — $ 745 $ — $ 53 $ — $ 6,802 Collectively evaluated for impairment 308,820 449,812 115,355 3,394 167 430 133 878,111 Total loans held for investment, gross $ 314,824 $ 449,812 $ 115,355 $ 4,139 $ 167 $ 483 $ 133 $ 884,913 Allowance for loan losses as a percentage of gross loans held for investment 0.84 % 0.73 % 0.90 % 1.52 % 1.80 % 5.59 % 6.02 % 0.79 %
Schedule of recorded investment in non-performing loans	At March 31, 2020 Unpaid Net Principal Related Recorded Recorded (In Thousands) Balance Charge-offs Investment Allowance (1) Investment Mortgage loans: Single-family: With a related allowance $ 1,802 $ — $ 1,802 $ (274) $ 1,528 Without a related allowance (2) 2,548 (475) 2,073 — 2,073 Total single-family 4,350 (475) 3,875 (274) 3,601 Commercial business loans: With a related allowance 40 — 40 (6) 34 Total commercial business loans 40 — 40 (6) 34 Total non-performing loans $ 4,390 $ (475) $ 3,915 $ (280) $ 3,635 (1) Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan, and fair value credit adjustments. (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, 2019 Unpaid Net Principal Related Recorded Recorded (In Thousands) Balance Charge-offs Investment Allowance (1) Investment Mortgage loans: Single-family: With a related allowance $ 2,640 $ — $ 2,640 $ (434) $ 2,206 Without a related allowance (2) 3,518 (518) 3,000 — 3,000 Total single-family 6,158 (518) 5,640 (434) 5,206 Construction: Without a related allowance (2) 971 — 971 — 971 Total construction 971 — 971 — 971 Commercial business loans: With a related allowance 49 — 49 (8) 41 Total commercial business loans 49 — 49 (8) 41 Total non-performing loans $ 7,178 $ (518) $ 6,660 $ (442) $ 6,218 (1) Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan, and fair value credit adjustments. (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 Nonperforming Loans on Interest Income	The following tables present the average recorded investment in non-performing loans and the related interest income recognized for the quarter and nine months ended March 31, 2020 and 2019: Quarter Ended March 31, 2020 2019 Average Interest Average Interest Recorded Income Recorded Income (In Thousands) Investment Recognized Investment Recognized Without related allowances: Mortgage loans: Single-family $ 2,282 $ 8 $ 2,785 $ — Construction — — 745 — 2,282 8 3,530 — With related allowances: Mortgage loans: Single-family 1,569 20 2,841 29 Commercial business loans 40 1 54 1 1,609 21 2,895 30 Total $ 3,891 $ 29 $ 6,425 $ 30 Nine Months Ended March 31, 2020 2019 Average Interest Average Interest Recorded Income Recorded Income (In Thousands) Investment Recognized Investment Recognized Without related allowances: Mortgage loans: Single-family $ 2,747 $ 119 $ 3,570 $ 229 Construction 361 20 579 — 3,108 139 4,149 229 With related allowances: Mortgage loans: Single-family 1,291 44 2,466 89 Commercial business loans 43 3 61 3 1,334 47 2,527 92 Total $ 4,442 $ 186 $ 6,676 $ 321
Schedule of troubled debt restructurings by nonaccrual versus accrual status	At At (In Thousands) March 31, 2020 June 30, 2019 Restructured loans on non-accrual status: Mortgage loans: Single-family $ 1,726 $ 1,891 Commercial business loans 34 41 Total 1,760 1,932 Restructured loans on accrual status: Mortgage loans: Single-family — 1,861 Total — 1,861 Total restructured loans $ 1,760 $ 3,793
Schedule of recorded investment in restructured loans	At March 31, 2020 Unpaid Net Principal Related Recorded Recorded (In Thousands) Balance Charge-offs Investment Allowance (1) Investment Mortgage loans: Single-family: With a related allowance $ 677 $ — $ 677 $ (45) $ 632 Without a related allowance (2) 1,459 (365) 1,094 — 1,094 Total single-family 2,136 (365) 1,771 (45) 1,726 Commercial business loans: With a related allowance 40 — 40 (6) 34 Total commercial business loans 40 — 40 (6) 34 Total restructured loans $ 2,176 $ (365) $ 1,811 $ (51) $ 1,760 (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, 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.

Derivative and Other Financia_2

Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables)	9 Months Ended
	Mar. 31, 2020
Derivative and Other Financial Instruments with Off-Balance Sheet Risks
Schedule of undisbursed funds commitments	Commitments March 31, 2020 June 30, 2019 (In Thousands) Undisbursed loan funds – Construction loans $ 5,485 $ 6,592 Undisbursed lines of credit – Commercial business loans 920 1,003 Undisbursed lines of credit – Consumer loans 463 479 Commitments to extend credit on loans to be held for investment 3,353 4,254 Total $ 10,221 $ 12,328
Schedule of allowance for loan losses of undisbursed funds and commitments on loans held for investment	For the Quarter Ended For the Nine Months Ended March 31, March 31, (In Thousands) 2020 2019 2020 2019 Balance, beginning of the period $ 138 $ 150 $ 141 $ 157 Provision (recovery) (47) 1 (50) (6) Balance, end of the period $ 91 $ 151 $ 91 $ 151
Schedule of impact of derivative financial instruments on gain on sale of loans	For the Quarter Ended For the Nine Months Ended March 31, March 31, Derivative Financial Instruments 2020 2019 2020 2019 (In Thousands) Commitments to extend credit on loans to be held for sale $ — $ (264) $ — $ (585) Mandatory loan sale commitments and TBA MBS trades — 465 — 216 Total net loss $ — $ 201 $ — $ (369)
Schedule of summary of recourse liability	For the Quarter Ended For the Nine Months Ended March 31, March 31, Recourse Liability 2020 2019 2020 2019 (In Thousands) Balance, beginning of the period $ 250 $ 250 $ 250 $ 283 Provision (recovery) from recourse liability — — — (33) Net settlements in lieu of loan repurchases — — — — Balance, end of the period $ 250 $ 250 $ 250 $ 250

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Mar. 31, 2020
Fair Value of Financial Instruments
Schedule of aggregate fair value and aggregate unpaid principal balance of loans held for sale	Aggregate Unpaid Net Aggregate Principal Unrealized (In Thousands) Fair Value Balance Loss As of March 31, 2020: Loans held for investment, at fair value $ 3,835 $ 3,971 $ (136) As of June 30, 2019: Loans held for investment, at fair value $ 5,094 $ 5,218 $ (124)
Schedule of fair value, assets and liabilities measured on recurring basis	Fair Value Measurement at March 31, 2020 Using: (In Thousands) Level 1 Level 2 Level 3 Total Assets: Investment securities - available for sale: U.S. government agency MBS $ — $ 3,001 $ — $ 3,001 U.S. government sponsored enterprise MBS — 1,630 — 1,630 Private issue CMO — — 197 197 Investment securities - available for sale — 4,631 197 4,828 Loans held for investment, at fair value — — 3,835 3,835 Interest-only strips — — 13 13 Total assets $ — $ 4,631 $ 4,045 $ 8,676 Liabilities $ — $ — $ — $ — Total liabilities $ — $ — $ — $ — Fair Value Measurement at June 30, 2019 Using: (In Thousands) Level 1 Level 2 Level 3 Total Assets: Investment securities - available for sale: U.S. government agency MBS $ — $ 3,613 $ — $ 3,613 U.S. government sponsored enterprise MBS — 2,087 — 2,087 Private issue CMO — — 269 269 Investment securities - available for sale — 5,700 269 5,969 Loans held for investment, at fair value — — 5,094 5,094 Interest-only strips — — 16 16 Total assets $ — $ 5,700 $ 5,379 $ 11,079 Liabilities: $ — $ — $ — $ — Total liabilities $ — $ — $ — $ —
Schedule for reconciliation of recurring fair value measurements using level 3 inputs	For the Quarter Ended March 31, 2020 Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3) Private Issue Loans Held For Investment, Interest- Only (In Thousands) CMO at fair value (1) Strips Total Beginning balance at December 31, 2019 $ 231 $ 4,173 $ 13 $ 4,417 Total gains or losses (realized/unrealized): Included in earnings — (25) — (25) Included in other comprehensive loss (26) — — (26) Purchases — — — — Issuances — — — — Settlements (8) (313) — (321) Transfers in and/or out of Level 3 — — — — Ending balance at March 31, 2020 $ 197 $ 3,835 $ 13 $ 4,045 (1) The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan. For the Quarter Ended March 31, 2019 Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3) Loans Held Private For Interest- Loan Issue Investment, at Only Commitments Mandatory (In Thousands) CMO fair value (1) Strips to Originate (2) Commitments (3) Total Beginning balance at December 31, 2018 $ 310 $ 4,995 $ 21 $ 504 $ (9) $ 5,821 Total gains or losses (realized/unrealized): Included in earnings — 87 — (264) (3) (180) Included in other comprehensive loss 1 — (3) — — (2) Purchases — — — — — — Issuances — — — — — — Settlements (11) (34) — — 5 (40) Transfers in and/or out of Level 3 — 191 — — — 191 Ending balance at March 31, 2019 $ 300 $ 5,239 $ 18 $ 240 $ (7) $ 5,790 (1) The valuation of loans held for investment at fair value includes the management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan. (2) Consists of commitments to extend credit on loans to be held for sale. (3) Consists of mandatory loan sale commitments. For the Nine Months Ended March 31, 2020 Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3) Private Issue Loans Held For Investment, Interest- (In Thousands) CMO at fair value (1) Only Strips Total Beginning balance at June 30, 2019 $ 269 $ 5,094 $ 16 $ 5,379 Total gains or losses (realized/unrealized): Included in earnings — (12) — (12) Included in other comprehensive loss (29) — (3) (32) Purchases — — — — Issuances — — — — Settlements (43) (1,247) — (1,290) Transfers in and/or out of Level 3 — — — — Ending balance at March 31, 2020 $ 197 $ 3,835 $ 13 $ 4,045 (1) The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan. For the Nine Months Ended March 31, 2019 Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3) Loans Held Private For Interest- Loan Issue Investment, at Only Commitments Mandatory (In Thousands) CMO fair value (1) Strips to Originate (2) Commitments (3) Total Beginning balance at June 30, 2018 $ 350 $ 5,234 $ 23 $ 825 $ (32) $ 6,400 Total gains or losses (realized/unrealized): Included in earnings — 133 — (585) 18 (434) Included in other comprehensive loss — — (5) — — (5) Purchases — — — — — — Issuances — — — — — — Settlements (50) (789) — — 7 (832) Transfers in and/or out of Level 3 — 661 — — — 661 Ending balance at March 31, 2019 $ 300 $ 5,239 $ 18 $ 240 $ (7) $ 5,790 (1) The valuation of loans held for investment at fair value includes the management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan. (2) Consists of commitments to extend credit on loans to be held for sale. (3) Consists of mandatory loan sale commitments.
Schedule of fair value assets measured on nonrecurring basis	Fair Value Measurement at March 31, 2020 Using: (In Thousands) Level 1 Level 2 Level 3 Total Non-performing loans $ — $ 2,073 $ 1,562 $ 3,635 Mortgage servicing assets — — 386 386 Real estate owned, net — — — — Total $ — $ 2,073 $ 1,948 $ 4,021 Fair Value Measurement at June 30, 2019 Using: (In Thousands) Level 1 Level 2 Level 3 Total Non-performing loans $ — $ 3,971 $ 2,247 $ 6,218 Mortgage servicing assets — — 627 627 Real estate owned, net — — — — Total $ — $ 3,971 $ 2,874 $ 6,845
Schedule of additional information about valuation techniques and inputs used for assets and liabilities	The following table presents additional information about valuation techniques and inputs used for assets and liabilities, which are measured at fair value and categorized within Level 3 as of March 31, 2020: Impact to Fair Value Valuation As of from an March 31, Valuation Range (1) Increase in (Dollars In Thousands) 2020 Techniques Unobservable Inputs (Weighted Average) Inputs (2) Assets: Securities available-for sale: Private issue CMO $ 197 Market comparable pricing Comparability adjustment (9.9)% – (10.7)% ((10.0)%) Increase Loans held for investment, at fair value $ 3,835 Relative value analysis Broker quotes 98.0% – 104.6% Increase Non-performing loans (3) $ 666 Discounted cash flow Default rates 5.0% Decrease Non-performing loans (4) $ 896 Relative value analysis Credit risk factor 20.0% - 30.0% (20.4%) Decrease Mortgage servicing assets $ 386 Discounted cash flow Prepayment speed (CPR) 18.7% - 60.0% (31.2%) Decrease Interest-only strips $ 13 Discounted cash flow Prepayment speed (CPR) 18.7% - 37.5% (36.2%) Decrease Liabilities: None (1) The range is based on the historical estimated fair values and management estimates. (2) Unless otherwise noted, this column represents the directional change in the fair value of the Level 3 investments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant changes in these inputs in isolation could result in significantly higher or lower fair value measurements. (3) Consists of restructured loans . (4) Consists of other non-performing loans, excluding restructured loans.
Schedule of carrying amount and fair value of financial instruments	March 31, 2020 Carrying Fair (In Thousands) Amount Value Level 1 Level 2 Level 3 Financial assets: Investment securities - held to maturity $ 69,482 $ 71,399 $ — $ 71,399 $ — Loans held for investment, not recorded at fair value $ 910,472 $ 905,972 $ — $ — $ 905,972 FHLB – San Francisco stock $ 8,199 $ 8,199 $ — $ 8,199 $ — Financial liabilities: Deposits $ 835,831 $ 807,962 $ — $ — $ 807,962 Borrowings $ 131,070 $ 136,606 $ — $ — $ 136,606 June 30, 2019 Carrying Fair (In Thousands) Amount Value Level 1 Level 2 Level 3 Financial assets: Investment securities - held to maturity $ 94,090 $ 95,359 $ — $ 95,359 $ — Loans held for investment, not recorded at fair value $ 874,831 $ 861,374 $ — $ — $ 861,374 FHLB – San Francisco stock $ 8,199 $ 8,199 $ — $ 8,199 $ — Financial liabilities: Deposits $ 841,271 $ 813,087 $ — $ — $ 813,087 Borrowings $ 101,107 $ 102,826 $ — $ — $ 102,826

Reclassification Adjustment o_2

Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI") (Tables)	9 Months Ended
	Mar. 31, 2020
Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI")
Schedule of accumulated other comprehensive income	For the Quarter Ended March 31, 2020 Unrealized gains and losses on Investment securities Interest- (In Thousands) available for sale only strips Total Beginning balance at December 31, 2019 $ 124 $ 9 $ 133 Other comprehensive loss before reclassifications (66) — (66) Amount reclassified from accumulated other comprehensive income — — — Net other comprehensive loss (66) — (66) Ending balance at March 31, 2020 $ 58 $ 9 $ 67 For the Quarter Ended March 31, 2019 Unrealized gains and losses on Investment securities Interest- (In Thousands) available for sale only strips Total Beginning balance at December 31, 2018 $ 154 $ 15 $ 169 Other comprehensive loss before reclassifications (4) (2) (6) Amount reclassified from accumulated other comprehensive income — — — Net other comprehensive loss (4) (2) (6) Ending balance at March 31, 2019 $ 150 $ 13 $ 163 For the Nine Months Ended March 31, 2020 Unrealized gains and losses on Investment securities Interest- (In Thousands) available for sale only strips Total Beginning balance at June 30, 2019 $ 150 $ 11 $ 161 Other comprehensive loss before reclassifications (92) (2) (94) Amount reclassified from accumulated other comprehensive income — — — Net other comprehensive loss (92) (2) (94) Ending balance at March 31, 2020 $ 58 $ 9 $ 67 For the Nine Months Ended March 31, 2019 Unrealized gains and losses on Investment securities Interest- (In Thousands) available for sale only strips Total Beginning balance at June 30, 2018 $ 194 $ 16 $ 210 Other comprehensive loss before reclassifications (44) (3) (47) Amount reclassified from accumulated other comprehensive income — — — Net other comprehensive loss (44) (3) (47) Ending balance at March 31, 2019 $ 150 $ 13 $ 163

Revenue From Contracts With C_2

Revenue From Contracts With Customers (Tables)	9 Months Ended
	Mar. 31, 2020
Revenue From Contracts With Customers
Schedule of non-interest income disaggregated by type of service	The following table includes the Corporation's non-interest income disaggregated by type of services for the quarter and nine months ended March 31, 2020 and 2019: For the Quarter Ended For the Nine Months Ended March 31, March 31, Type of Services 2020 2019 2020 2019 (In Thousands) Asset management fees $ 70 $ 77 $ 234 $ 215 Debit card and ATM fees 380 395 1,195 1,227 Deposit related fees 439 484 1,370 1,522 Loan related fees 12 12 26 25 BOLI (1) 48 47 141 140 Loan servicing fees (1) 131 262 631 863 Net gain (loss) on sale of loans (1) (2) 14 1,719 (115) 7,114 Other 7 56 33 90 Total non-interest income $ 1,101 $ 3,052 $ 3,515 $ 11,196 (1) Not in scope of ASC 606. (2) There were no loan sales in the quarter and first nine months of fiscal 2020 as compared to the loan sale volume of $95.8 million and $408.9 million for the quarter and first nine months of fiscal 2019, respectively.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Mar. 31, 2020
Leases
Schedule of supplemental information related to operating leases	Quarter Nine Months Ended Ended As of March 31, March 31, March 31, (In Thousands) 2020 2020 2020 Condensed Consolidated Statements of Condition: Premises and equipment - Operating lease right of use assets $ 2,745 Accounts payable, accrued interest and other liabilities - Operating lease liabilities $ 2,877 Condensed Consolidated Statements of Operations: Premises and occupancy expenses from operating leases (1) (2) $ 195 $ 569 Equipment expenses from operating leases $ 17 $ 44 Condensed Consolidated Statements of Cash Flows: Operating cash flows from operating leases, net (2) $ 243 $ 806 (1) Variable lease costs are immaterial. (2) Revenue related to sublease activity is immaterial and netted against operating lease expenses.
Schedule of remaining minimum contractual lease payments and other information associated with leases	Amount (1) Year Ending June 30, (In Thousands) 2020 $ 233 2021 753 2022 677 2023 478 2024 361 Thereafter 530 Total contract lease payments $ 3,032 Total liability to make lease payments $ 2,877 Difference in undiscounted and discounted future lease payments $ 155 Weighted average discount rate 2.15 % Weighted average remaining lease term (years) 4.7 (1) Contractual base rents do not include property taxes and other operating expenses due under respective lease agreements.
Schedule of impact of adoption of new lease accounting guidance	Adjustments June 30, due to new July 1, March 31, (In Thousands) 2019 lease guidance 2019 2020 Total assets $ 1,084,850 $ 3,399 $ 1,088,249 $ 1,107,567 Total liabilities $ 964,209 $ 3,704 $ 967,913 $ 984,409 Total equity $ 120,641 $ — $ 120,641 $ 123,158

Earnings Per Share - Summary of

Earnings Per Share - Summary of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Numerator:
Net income (loss) - numerator for basic earnings per share and diluted earnings per share - available to common stockholders	$ 1,145	$ (151)	$ 6,105	$ 3,630
Denominator for basic earnings per share:
Weighted-average shares	7,469	7,507	7,478	7,481
Denominator for diluted earnings per share:
Adjusted weighted-average shares and assumed conversions	7,590	7,507	7,606	7,555
Basic earnings (loss) per share	$ 0.15	$ (0.02)	$ 0.82	$ 0.49
Diluted earnings (loss) per share	$ 0.15	$ (0.02)	$ 0.80	$ 0.48
Stock Options
Denominator for basic earnings per share:
Effect of dilutive shares	71		87	60
Restricted Stock
Denominator for basic earnings per share:
Effect of dilutive shares	50		41	14

Earnings Per Share - Additional

Earnings Per Share - Additional information (Details) - shares	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options, outstanding	554,500	497,750
Antidilutive securities excluded from computation of earnings per share	135,000	497,750
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Restricted stock, outstanding	225,500	9,000

Investment Securities - Schedul

Investment Securities - Schedule of amortized cost and estimated fair value of Held to maturity investments (Details) - USD ($) $ in Thousands	Mar. 31, 2020		Jun. 30, 2019
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 69,482		$ 94,090
Gross Unrealized Gains	2,016		1,289
Gross Unrealized (Losses)	(99)		(20)
Estimated Fair Value	71,399		95,359
Carrying Value	69,482		94,090
U.S. government sponsored enterprise MBS
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	66,599	[1]	90,394
Gross Unrealized Gains	2,016	[1]	1,289
Gross Unrealized (Losses)	(88)	[1]	(14)
Estimated Fair Value	68,527	[1]	91,669
Carrying Value	66,599	[1]	90,394
U.S. SBA securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	2,083	[2]	2,896
Gross Unrealized Gains			0
Gross Unrealized (Losses)	(11)	[2]	(6)
Estimated Fair Value	2,072	[2]	2,890
Carrying Value	2,083	[2]	2,896
Certificate of deposits
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	800		800
Gross Unrealized Gains	0		0
Gross Unrealized (Losses)	0		0
Estimated Fair Value	800		800
Carrying Value	$ 800		$ 800
[1]	Mortgage-Backed Securities ("MBS").
[2]	Small Business Administration ("SBA").

Investment Securities - Sched_2

Investment Securities - Schedule of amortized cost and estimated fair value of Available for sale securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020		Jun. 30, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 4,746		$ 5,757
Gross Unrealized Gains	104		213
Gross Unrealized (Losses)	(22)		(1)
Estimated Fair Value	4,828		5,969
U.S. government agency MBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,913		3,498
Gross Unrealized Gains	88		116
Gross Unrealized (Losses)			(1)
Estimated Fair Value	3,001		3,613
U.S. government sponsored enterprise MBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,614		1,998
Gross Unrealized Gains	16		89
Gross Unrealized (Losses)			0
Estimated Fair Value	1,630		2,087
Private issue CMO
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	219	[1]	261
Gross Unrealized Gains			8
Gross Unrealized (Losses)	(22)	[1]	0
Estimated Fair Value	$ 197	[1]	$ 269
[1]	Collateralized Mortgage Obligations ("CMO").

Investment Securities - Total i

Investment Securities - Total investment securities for amortized cost and estimated fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Investment Securities
Amortized Cost	$ 74,228	$ 99,847
Gross Unrealized Gains	2,120	1,502
Gross Unrealized (Losses)	(121)	(21)
Estimated Fair Value	76,227	101,328
Carrying Value	$ 74,310	$ 100,059

Investment Securities - Investm

Investment Securities - Investments with Unrealized Loss Positions for Held to maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Schedule of Held-to-maturity Securities [Line Items]
Unrealized Holding Losses Less Than 12 Months, Fair Value	$ 12,057	$ 6,507
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	88	8
Unrealized Holding Losses 12 Months or More, Fair Value	2,072	4,540
Unrealized Holding Losses 12 Months or More, Unrealized Losses	11	12
Unrealized Holding Losses Total, Fair Value	14,129	11,047
Unrealized Holding Losses Total, Unrealized Losses	99	20
Private Issue CMO
Schedule of Held-to-maturity Securities [Line Items]
Unrealized Holding Losses Less Than 12 Months, Fair Value	197
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	22
Unrealized Holding Losses Total, Fair Value	197
Unrealized Holding Losses Total, Unrealized Losses	22
U.S. government sponsored enterprise MBS
Schedule of Held-to-maturity Securities [Line Items]
Unrealized Holding Losses Less Than 12 Months, Fair Value	12,057	6,507
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	88	8
Unrealized Holding Losses 12 Months or More, Fair Value		1,657
Unrealized Holding Losses 12 Months or More, Unrealized Losses		6
Unrealized Holding Losses Total, Fair Value	12,057	8,164
Unrealized Holding Losses Total, Unrealized Losses	88	14
U.S. SBA securities
Schedule of Held-to-maturity Securities [Line Items]
Unrealized Holding Losses Less Than 12 Months, Fair Value	0
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	0
Unrealized Holding Losses 12 Months or More, Fair Value	2,072	2,883
Unrealized Holding Losses 12 Months or More, Unrealized Losses	11	6
Unrealized Holding Losses Total, Fair Value	2,072	2,883
Unrealized Holding Losses Total, Unrealized Losses	$ 11	$ 6

Investment Securities - Inves_2

Investment Securities - Investments with Unrealized Loss Positions for Available for sale (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Schedule of Available-for-sale Securities [Line Items]
Unrealized Holding Losses, Less Than 12 Months, Fair Value	$ 197	$ 289
Unrealized Holding Losses, Less Than 12 Months, Unrealized Losses	22	1
Unrealized Holding Losses, 12 Months or More, Fair Value	0	0
Unrealized Holding Losses, 12 Months or More, Unrealized Losses	0	0
Unrealized Holding Losses Total, Fair Value	197	289
Unrealized Holding Losses Total, Unrealized Losses	$ 22	1
U.S. government agency MBS
Schedule of Available-for-sale Securities [Line Items]
Unrealized Holding Losses, Less Than 12 Months, Fair Value		289
Unrealized Holding Losses, Less Than 12 Months, Unrealized Losses		1
Unrealized Holding Losses, 12 Months or More, Fair Value		0
Unrealized Holding Losses, 12 Months or More, Unrealized Losses		0
Unrealized Holding Losses Total, Fair Value		289
Unrealized Holding Losses Total, Unrealized Losses		$ 1

Investment Securities - Inves_3

Investment Securities - Investments with Unrealized Loss Positions for total investment securities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Investment Securities
Unrealized Holding Losses Less Than 12 Months, Fair Value	$ 12,254	$ 6,796
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	110	9
Unrealized Holding Losses 12 Months or More, Fair Value	2,072	4,540
Unrealized Holding Losses 12 Months or More, Unrealized Losses	11	12
Unrealized Holding Losses Total, Fair Value	14,326	11,336
Unrealized Holding Losses Total, Unrealized Losses	$ 121	$ 21

Investment Securities - Sched_3

Investment Securities - Schedule of Held to maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Held to maturity, Amortized Cost
Due in one year or less	$ 800	$ 400
Due after one through five years	22,193	32,584
Due after five through ten years	28,121	35,306
Due after ten years	18,368	25,800
Total investment securities - held to maturity, Amortized Cost	69,482	94,090
Held to maturity, Estimated Fair Value
Due in one year or less	800	400
Due after one through five years	22,942	32,728
Due after five through ten years	29,378	36,090
Due after ten years	18,279	26,141
Total investment securities - held to maturity, Estimated Fair Value	$ 71,399	$ 95,359

Investment Securities - Sched_4

Investment Securities - Schedule of Available for Sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Available for sale, Amortized Cost
Due in one year or less	$ 0	$ 0
Due after one through five years	0	0
Due after five through ten years	0	0
Due after ten years	4,746	5,757
Total investment securities - available for sale, Amortized Cost	4,746	5,757
Available for sale, Estimated Fair Value
Due in one year or less	0	0
Due after one through five years	0	0
Due after five through ten years	0	0
Due after ten years	4,828	5,969
Total investment securities - available for sale, Estimated Fair Value	$ 4,828	$ 5,969

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Debt Securities, Available-for-sale [Line Items]
Principal payments from investment securities available for sale	$ 7,900,000	$ 8,600,000	$ 25,300,000	$ 25,200,000
Investments with an unrealized loss position	99,000		99,000		$ 20,000
Unrealized holding losses, 12 months or more	11,000		11,000		12,000
Impairment loss			0		0
U.S. government sponsored enterprise MBS
Debt Securities, Available-for-sale [Line Items]
Payments to acquire Mortgage Backed Securities (MBS) categorized as Held-to-maturity		$ 26,200,000		$ 39,700,000
Investments with an unrealized loss position	88,000		88,000		14,000
Unrealized holding losses, 12 months or more					6,000
U.S. SBA securities
Debt Securities, Available-for-sale [Line Items]
Investments with an unrealized loss position	11,000		11,000		6,000
Unrealized holding losses, 12 months or more	$ 11,000		$ 11,000		$ 6,000

Loans Held for Investment - Sch

Loans Held for Investment - Schedule of Loans Held for Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	$ 915,288			$ 881,338
Advance payments of escrows	193			53
Deferred loan costs, net	6,636			5,610
Allowance for loan losses	(7,810)	$ (6,921)	$ (6,921)	(7,076)	$ (7,080)	$ (7,061)	$ (7,385)
Total loans held for investment, net	914,307			879,925
Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	105,691			111,928
Allowance for loan losses	(1,061)	(1,058)		(1,050)	(1,042)	(1,019)	(1,030)
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	(156)	$ (168)		(61)	$ (63)	$ (48)	$ (47)
Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	326,686			324,952
Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	475,941			439,041
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	6,346			4,638
Undisbursed loan funds	5,500			6,600
Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	502			478
Undisbursed loan funds	900			1,000
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	122			134
Undisbursed loan funds	$ 500			500
Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross				$ 167

Loans Held for Investment - S_2

Loans Held for Investment - Schedule of Loans Held for Investment Contractually Repricing (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	$ 12,654
Total loans held for investment, gross	915,288	$ 881,338
Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	10,276
Total loans held for investment, gross	326,686	324,952
Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	164
Total loans held for investment, gross	475,941	439,041
Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	368
Total loans held for investment, gross	105,691	111,928
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	1,444
Total loans held for investment, gross	6,346	4,638
Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	402
Total loans held for investment, gross	502	478
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	0
Total loans held for investment, gross	122	134
Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross		$ 167
Within One Year [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	283,821
Within One Year [Member] | Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	86,557
Within One Year [Member] | Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	149,627
Within One Year [Member] | Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	42,513
Within One Year [Member] | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	4,902
Within One Year [Member] | Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	100
Within One Year [Member] | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	122
After One Year Through 3 Years [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	235,263
After One Year Through 3 Years [Member] | Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	44,427
After One Year Through 3 Years [Member] | Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	160,236
After One Year Through 3 Years [Member] | Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	30,600
After One Year Through 3 Years [Member] | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After One Year Through 3 Years [Member] | Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After One Year Through 3 Years [Member] | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 3 Years Through 5 Years [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	296,910
After 3 Years Through 5 Years [Member] | Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	110,309
After 3 Years Through 5 Years [Member] | Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	154,391
After 3 Years Through 5 Years [Member] | Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	32,210
After 3 Years Through 5 Years [Member] | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 3 Years Through 5 Years [Member] | Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 3 Years Through 5 Years [Member] | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 5 Years Through 10 Years [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	86,640
After 5 Years Through 10 Years [Member] | Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	75,117
After 5 Years Through 10 Years [Member] | Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	11,523
After 5 Years Through 10 Years [Member] | Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 5 Years Through 10 Years [Member] | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 5 Years Through 10 Years [Member] | Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 5 Years Through 10 Years [Member] | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	$ 0

Loans Held for Investment - S_3

Loans Held for Investment - Schedule of Gross Loans Held for Investment by Loan Types and Risk Category (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Loans and Leases Receivable, Gross	$ 915,288	$ 881,338
Mortgage loans, Single-family
Loans and Leases Receivable, Gross	326,686	324,952
Mortgage Loans, Multi Family
Loans and Leases Receivable, Gross	475,941	439,041
Mortgage loans, Commercial real estate
Loans and Leases Receivable, Gross	105,691	111,928
Construction
Loans and Leases Receivable, Gross	6,346	4,638
Mortgage Loans Other
Loans and Leases Receivable, Gross		167
Commercial business loans
Loans and Leases Receivable, Gross	502	478
Consumer loans
Loans and Leases Receivable, Gross	122	134
Pass
Loans and Leases Receivable, Gross	900,066	864,611
Pass | Mortgage loans, Single-family
Loans and Leases Receivable, Gross	316,974	314,036
Pass | Mortgage Loans, Multi Family
Loans and Leases Receivable, Gross	472,142	435,177
Pass | Mortgage loans, Commercial real estate
Loans and Leases Receivable, Gross	105,691	111,001
Pass | Construction
Loans and Leases Receivable, Gross	4,675	3,667
Pass | Mortgage Loans Other
Loans and Leases Receivable, Gross		167
Pass | Commercial business loans
Loans and Leases Receivable, Gross	462	429
Pass | Consumer loans
Loans and Leases Receivable, Gross	122	134
Special Mention
Loans and Leases Receivable, Gross	11,360	8,586
Special Mention | Mortgage loans, Single-family
Loans and Leases Receivable, Gross	5,890	3,795
Special Mention | Mortgage Loans, Multi Family
Loans and Leases Receivable, Gross	3,799	3,864
Special Mention | Mortgage loans, Commercial real estate
Loans and Leases Receivable, Gross		927
Special Mention | Construction
Loans and Leases Receivable, Gross	1,671
Substandard
Loans and Leases Receivable, Gross	3,862	8,141
Substandard | Mortgage loans, Single-family
Loans and Leases Receivable, Gross	3,822	7,121
Substandard | Construction
Loans and Leases Receivable, Gross		971
Substandard | Commercial business loans
Loans and Leases Receivable, Gross	$ 40	$ 49

Loans Held for Investment - S_4

Loans Held for Investment - Schedule of Allowance For Loan Losses and Recorded Investment in Gross Loans, by Portfolio Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 6,921	$ 7,061	$ 7,076	$ 7,385
Provision (recovery) for loan losses	874	4	671	(450)
Recoveries	15	23	65	179
Charge-offs	0	(8)	(2)	(34)
Net (charge-offs) recoveries	15	15	63	145
Balance, end of the period	7,810	7,080	7,810	7,080
Total individually evaluated allowance	51	132	51	132
Total collectively evaluated allowance	7,759	6,948	7,759	6,948
Individually evaluated for impairment	2,738	6,802	2,738	6,802
Collectively evaluated for impairment	912,550	878,111	912,550	878,111
Total Loans Held for Investment, Gross	$ 915,288	$ 884,913	$ 915,288	$ 884,913	$ 881,338
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	0.85%	0.79%	0.85%	0.79%
Net (recoveries) charge-offs as a percentage of average loans receivable, net, during the period (annualized)	(0.01%)	(0.01%)	(0.01%)	(0.02%)
Mortgage loans, Single-family
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 2,157	$ 2,679	$ 2,709	$ 2,783
Provision (recovery) for loan losses	431	(58)	(169)	(292)
Recoveries	14	22	63	177
Charge-offs	0	(6)	(1)	(31)
Balance, end of the period	2,602	2,637	2,602	2,637
Total individually evaluated allowance	45	123	45	123
Total collectively evaluated allowance	2,557	2,514	2,557	2,514
Individually evaluated for impairment	2,698	6,004	2,698	6,004
Collectively evaluated for impairment	323,988	308,820	323,988	308,820
Total Loans Held for Investment, Gross	$ 326,686	$ 314,824	$ 326,686	$ 314,824	324,952
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	0.80%	0.84%	0.80%	0.84%
Mortgage loans, Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 1,058	$ 1,019	$ 1,050	$ 1,030
Provision (recovery) for loan losses	3	23	11	12
Recoveries	0	0
Charge-offs	0	0
Balance, end of the period	1,061	1,042	1,061	1,042
Total individually evaluated allowance		0		0
Total collectively evaluated allowance	1,061	1,042	1,061	1,042
Individually evaluated for impairment		0		0
Collectively evaluated for impairment	105,691	115,355	105,691	115,355
Total Loans Held for Investment, Gross	$ 105,691	$ 115,355	$ 105,691	$ 115,355	111,928
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	1.00%	0.90%	1.00%	0.90%
Construction
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 168	$ 48	$ 61	$ 47
Provision (recovery) for loan losses	(12)	15	95	16
Recoveries	0	0
Charge-offs	0	0
Balance, end of the period	156	63	156	63
Total individually evaluated allowance		0		0
Total collectively evaluated allowance	156	63	156	63
Individually evaluated for impairment		745		745
Collectively evaluated for impairment	6,346	3,394	6,346	3,394
Total Loans Held for Investment, Gross	$ 6,346	$ 4,139	$ 6,346	$ 4,139	4,638
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	2.46%	1.52%	2.46%	1.52%
Commercial business loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 28	$ 26	$ 26	$ 24
Provision (recovery) for loan losses	(2)	1		3
Recoveries	0	0
Charge-offs	0	0
Balance, end of the period	26	27	26	27
Total individually evaluated allowance	6	9	6	9
Total collectively evaluated allowance	20	18	20	18
Individually evaluated for impairment	40	53	40	53
Collectively evaluated for impairment	462	430	462	430
Total Loans Held for Investment, Gross	$ 502	$ 483	$ 502	$ 483	478
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	5.18%	5.59%	5.18%	5.59%
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 8	$ 6	$ 8	$ 6
Provision (recovery) for loan losses	(2)	3	(2)	3
Recoveries	1	1	2	2
Charge-offs	0	(2)	(1)	(3)
Balance, end of the period	7	8	7	8
Total individually evaluated allowance		0		0
Total collectively evaluated allowance	7	8	7	8
Individually evaluated for impairment		0		0
Collectively evaluated for impairment	122	133	122	133
Total Loans Held for Investment, Gross	$ 122	$ 133	$ 122	$ 133	134
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	5.74%	6.02%	5.74%	6.02%
Mortgage Loans, Multi Family
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 3,502	$ 3,280	$ 3,219	$ 3,492
Provision (recovery) for loan losses	456	20	739	(192)
Recoveries	0	0
Charge-offs	0	0
Balance, end of the period	3,958	3,300	3,958	3,300
Total individually evaluated allowance		0		0
Total collectively evaluated allowance	3,958	3,300	3,958	3,300
Individually evaluated for impairment		0		0
Collectively evaluated for impairment	475,941	449,812	475,941	449,812
Total Loans Held for Investment, Gross	$ 475,941	$ 449,812	$ 475,941	$ 449,812	439,041
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	0.83%	0.73%	0.80%	0.73%
Mortgage Loans Other
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period		$ 3	$ 3	$ 3
Provision (recovery) for loan losses			$ (3)
Recoveries		0
Charge-offs		0
Balance, end of the period		3		3
Total individually evaluated allowance		0		0
Total collectively evaluated allowance		3		3
Individually evaluated for impairment		0		0
Collectively evaluated for impairment		167		167
Total Loans Held for Investment, Gross		$ 167		$ 167	$ 167
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period		1.80%		1.80%

Loans Held for Investment - S_5

Loans Held for Investment - Schedule of Past Due Status of Loans Held for Investment, Gross (Details) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2019	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans deemed uncollectible, period of delinquency	90 days		90 days
Current		$ 908,662	$ 874,032
30-89 Days Past Due		2,764	665
Non-Accrual		3,862	6,641
Total Loans Held for Investment, Gross		915,288	881,338	$ 884,913
Mortgage loans, Single-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current		320,104	318,671
30-89 Days Past Due		2,760	660
Non-Accrual		3,822	5,621
Total Loans Held for Investment, Gross		326,686	324,952	314,824
Mortgage loans, Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current		105,691	111,928
30-89 Days Past Due		0	0
Non-Accrual		0	0
Total Loans Held for Investment, Gross		105,691	111,928	115,355
Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current		6,346	3,667
30-89 Days Past Due		0	0
Non-Accrual		0	971
Total Loans Held for Investment, Gross		6,346	4,638	4,139
Commercial business loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current		462	429
30-89 Days Past Due		0	0
Non-Accrual		40	49
Total Loans Held for Investment, Gross		502	478	483
Consumer loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current		118	129
30-89 Days Past Due		4	5
Non-Accrual		0	0
Total Loans Held for Investment, Gross		122	134	133
Mortgage Loans, Multi Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current		475,941	439,041
30-89 Days Past Due		0	0
Non-Accrual		0	0
Total Loans Held for Investment, Gross		$ 475,941	439,041	449,812
Bankruptcy [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans deemed uncollectible, period of delinquency		60 days
Mortgage Loans Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current			167
30-89 Days Past Due			0
Non-Accrual			0
Total Loans Held for Investment, Gross			$ 167	$ 167
Troubled Debt Restructurings [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans deemed uncollectible, period of delinquency		90 days
Commercial Real Estate Or Second Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans deemed uncollectible, period of delinquency		120 days

Loans Held for Investment - S_6

Loans Held for Investment - Schedule of Total Recorded Investment in Non-Performing Loans by Type (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Financing Receivable, Allowance for Credit Losses [Line Items]
Related Allowance	$ (280)	$ (442)
Recorded Investment, with No Related Allowance, Net		6,218
Unpaid Principal Balance	4,390	7,178
Related Charge-Offs	475	518
Recorded Investment	3,915	6,660
Recorded Investment, Net of Allowance	3,635
Commercial business loans
Financing Receivable, Allowance for Credit Losses [Line Items]
With a related allowance Unpaid Principal Balance	40	49
With Related Allowance, Related Charge-Offs		0
With Related Allowance, Recorded Investment	40	49
Related Allowance	(6)	(8)
Recorded Investment, with Related Allowance, Net	34
Recorded Investment, with No Related Allowance, Net		41
Unpaid Principal Balance	40	49
Related Charge-Offs		0
Recorded Investment	40	49
Recorded Investment, Net of Allowance	34	41
Mortgage loans, Single-family
Financing Receivable, Allowance for Credit Losses [Line Items]
With a related allowance Unpaid Principal Balance	1,802	2,640
With Related Allowance, Related Charge-Offs		0
With Related Allowance, Recorded Investment	1,802	2,640
Related Allowance	(274)	(434)
Recorded Investment, with Related Allowance, Net	1,528	2,206
Without a related allowance, Unpaid Principal Balance	2,548	3,518
With No Related Allowance, Related Charge-Offs	475	518
With No Related Allowance, Recorded Investment	2,073	3,000
Recorded Investment, with No Related Allowance, Net	2,073	3,000
Unpaid Principal Balance	4,350	6,158
Related Charge-Offs	475	518
Recorded Investment	3,875	5,640
Recorded Investment, Net of Allowance	$ 3,601	5,206
Construction
Financing Receivable, Allowance for Credit Losses [Line Items]
Unpaid Principal Balance		971
Recorded Investment		971
Recorded Investment, Net of Allowance		$ 971

Loans Held for Investment - S_7

Loans Held for Investment - Schedule of Recorded Investment in Non-Performing Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
With related allowances, Interest Income Recognized	$ 21	$ 30	$ 47	$ 92
With related allowances, Average Recorded Investment	1,609	2,895	1,334	2,527
Recorded Investment	3,915		3,915		$ 6,660
Related Allowance	(280)		(280)		$ (442)
Non-performing loans, Net Investment	3,635		3,635
Without related allowances, Interest Income Recognized	8	0	139	229
Without related allowances, Average Recorded Investment	2,282	3,530	3,108	4,149
Impaired Financing Receivable, Interest Income, Accrual Method	29	30	186	321
Impaired Financing Receivable, Average Recorded Investment	3,891	6,425	4,442	6,676
Mortgage loans, Single-family
With related allowances, Interest Income Recognized	20	29	44	89
With related allowances, Average Recorded Investment	1,569	2,841	1,291	2,466
Without related allowances, Interest Income Recognized	8	0	119	229
Without related allowances, Average Recorded Investment	2,282	2,785	2,747	3,570
Commercial business loans
With related allowances, Interest Income Recognized	1	1	3	3
With related allowances, Average Recorded Investment	40	54	43	61
Construction
Without related allowances, Interest Income Recognized	0	0	20
Without related allowances, Average Recorded Investment	$ 0	$ 745	$ 361	$ 579

Loans Held for Investment - S_8

Loans Held for Investment - Schedule of restructured loan balances, net of allowance for loan losses, by loan type and by Nonaccrual Versus Accrual Status (Details)	9 Months Ended	12 Months Ended
	Mar. 31, 2020USD ($)loan	Jun. 30, 2019USD ($)loan
Financing Receivable, Modifications [Line Items]
Number of modified loans | loan	6	8
Restructured loans on non-accrual status	$ 1,760,000	$ 1,932,000
Restructured loans on accrual status		1,861,000
Restructured loans	1,760,000	3,793,000
Mortgage loans, Single-family
Financing Receivable, Modifications [Line Items]
Restructured loans on non-accrual status	1,726,000	1,891,000
Restructured loans on accrual status		1,861,000
Commercial business loans
Financing Receivable, Modifications [Line Items]
Restructured loans on non-accrual status	34,000	41,000
Current
Financing Receivable, Modifications [Line Items]
Restructured loans	$ 683,000	$ 2,400,000

Loans Held for Investment - S_9

Loans Held for Investment - Schedule of Restructured Loans by Type, Net of Individually Evaluated Allowances (Details) $ in Thousands	6 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2019loan	Mar. 31, 2020USD ($)loan	Jun. 30, 2019USD ($)loan
Financing Receivable, Impaired [Line Items]
Number of modified loans | loan		6	8
Restructured loans, Allowance for Loan Losses		$ (280)	$ (442)
Restructured Loans, Allowance for Loan Losses		(51)	(130)
Restructured Loans, Unpaid Principal Balance		2,176	4,288
Restructured Loans, Related Charge-offs		365	365
Restructured loans, Recorded Investment		3,915	6,660
Restructured Loans, Recorded Investment		1,811	3,923
Restructured loans, net investment		3,635
Restructured loans, net investment		1,760	3,793
Restructured loans on non-accrual status		1,760	1,932
Mortgage loans, Single-family
Financing Receivable, Impaired [Line Items]
Restructured Loans, With Related Allowance, Unpaid Principal Balance		677	2,199
Restructured Loans, With Related Allowance, Related Charge-offs			0
Restructured loans, With a related allowance, Recorded Investment		1,802	2,640
Restructured Loans, With a Related Allowance, Recorded Investment		677	2,199
Restructured loans, Allowance for Loan Losses		(274)	(434)
Restructured Loans, Allowance for Loan Losses		(45)	(122)
Restructured loans, With a related allowance, Net Investment		1,528	2,206
Restructured loans, with a related allowance, net investment		632	2,077
Restructured Loans, Without a Related Allowance, Unpaid Principal Balance		1,459	2,040
Restructured Loans, Without a Related Allowance, Related Charge-offs		365	365
Restructured loans, Without a related allowance, Recorded Investment		2,073	3,000
Restructured Loans, Without a Related Allowance, Recorded Investment		1,094	1,675
Restructured Loans, Without a Related Allowance, Net Investment		1,094	1,675
Restructured Loans, Unpaid Principal Balance		2,136	4,239
Restructured Loans, Related Charge-offs		365	365
Restructured loans, Recorded Investment		3,875	5,640
Restructured Loans, Recorded Investment		1,771	3,874
Restructured loans, net investment		3,601	5,206
Restructured loans, net investment		1,726	3,752
Restructured loans on non-accrual status		1,726	1,891
Commercial business loans
Financing Receivable, Impaired [Line Items]
Restructured Loans, With Related Allowance, Unpaid Principal Balance		40	49
Restructured Loans, With Related Allowance, Related Charge-offs			0
Restructured loans, With a related allowance, Recorded Investment		40	49
Restructured Loans, With a Related Allowance, Recorded Investment		40	49
Restructured loans, Allowance for Loan Losses		(6)	(8)
Restructured Loans, Allowance for Loan Losses		(6)	(8)
Restructured loans, With a related allowance, Net Investment		34
Restructured Loans, Unpaid Principal Balance		40	49
Restructured Loans, Related Charge-offs			0
Restructured loans, Recorded Investment		40	49
Restructured Loans, Recorded Investment		40	49
Restructured loans, net investment		34	41
Restructured loans, net investment		34	41
Restructured loans on non-accrual status		$ 34	41
Construction
Financing Receivable, Impaired [Line Items]
Restructured loans, Recorded Investment			971
Restructured loans, net investment			$ 971
Substandard
Financing Receivable, Impaired [Line Items]
Number of modified loans | loan	2		6

Loans Held for Investment - Add

Loans Held for Investment - Additional Information (Details)	3 Months Ended				6 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)	Dec. 31, 2019property	Mar. 31, 2019USD ($)	Dec. 31, 2018loan	Dec. 31, 2019loan	Dec. 31, 2018USD ($)	Mar. 31, 2020USD ($)loan	Mar. 31, 2019USD ($)	Jun. 30, 2019USD ($)loan
Fixed-rate loans as a percentage of total loans held for investment		1.00%			1.00%				2.00%
Loans deemed uncollectible, period of delinquency					90 days				90 days
Loans held for investment	$ 915,288,000						$ 915,288,000		$ 881,338,000
Loans and Leases Receivable, Impaired, Commitment to Lend									$ 1,000,000
Interest income, non-performing loans, cash basis	71,000		$ 63,000				275,000	$ 458,000
Interest lost on non-performing Loans	42,000		33,000				89,000	137,000
Average investment in non-performing loans	3,891,000		6,425,000				4,442,000	6,676,000
Loans receivable, modified and extended beyond initial maturity	0					$ 56,000	$ 0
Number of modified loans | loan							6		8
Number of loans modified, extended beyond initial maturity | loan					0
Loans receivable, restructured loans, nonaccrual status									$ 1,861,000
Restructured loans on non-accrual status	1,760,000						$ 1,760,000		1,932,000
Number of Properties Acquired in Settlement of Loans | property		0
Number of Previously Foreclosed Properties Sold | property		0
First Trust Deed Loans
Loans deemed uncollectible, period of delinquency							150 days
Mortgage loans, Commercial real estate
Loans held for investment	105,691,000						$ 105,691,000		111,928,000
Mortgage loans, Single-family
Loans receivable, restructured loans, nonaccrual status									1,861,000
Restructured loans on non-accrual status	1,726,000						1,726,000		1,891,000
Commercial business loans
Restructured loans on non-accrual status	34,000						$ 34,000		41,000
Bankruptcy [Member]
Loans deemed uncollectible, period of delinquency							60 days
Troubled Debt Restructurings [Member]
Loans deemed uncollectible, period of delinquency							90 days
Loans held for investment									3,800,000
Commercial Real Estate Or Second Mortgage [Member]
Loans deemed uncollectible, period of delinquency							120 days
Restructured loans on accrual status
Loans held for investment	1,800,000						$ 1,800,000
Maximum
Segregated restructured loans, period of delinquency							90 days
Maximum | Bankruptcy [Member]
Allowance for loan losses, pooling method, period of delinquency							60 days
Substandard
Loans held for investment	3,862,000						$ 3,862,000		$ 8,141,000
Number of modified loans | loan					2				6
Substandard | Restructured loans on accrual status
Number of modified loans | loan									1
Loans receivable, restructured loans, nonaccrual status									$ 1,400,000
Restructured loans on non-accrual status									1,900,000
Pass
Loans held for investment	900,066,000						900,066,000		864,611,000
Number of modified loans | loan				1
Special Mention
Loans held for investment	$ 11,360,000						$ 11,360,000		8,586,000
Loans receivable, restructured loans, nonaccrual status									$ 437,000,000
Special Mention | Restructured loans on accrual status
Number of modified loans | loan									1
Current
Percent of total restructured loans on current status	39.00%						39.00%		63.00%
Interest income
Interest income, non-performing loans, cash basis	$ 29,000		$ 30,000				$ 186,000	$ 321,000

Derivative and Other Financia_3

Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Schedule of Undisbursed Funds Commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Derivative [Line Items]
Total	$ 10,221	$ 12,328
Undisbursed Lines of Credit - Construction Loans
Derivative [Line Items]
Total	5,485	6,592
Undisbursed Lines Of Credit Commercial Business Loans
Derivative [Line Items]
Total	920	1,003
Undisbursed Lines of Credit - Consumer Loans
Derivative [Line Items]
Total	463	479
Commitments to extend credit on loans to be held for investment
Derivative [Line Items]
Total	$ 3,353	$ 4,254

Derivative and Other Financia_4

Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Schedule of Allowance for Loan Losses of Undisbursed Funds and Commitments on Loans Held for Investment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of the period	$ 6,921	$ 7,061	$ 7,076	$ 7,385
Provision (recovery)	874	4	671	(450)
Balance, end of the period	7,810	7,080	7,810	7,080
Loan Commitments to Originate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of the period	138	150	141	157
Provision (recovery)	(47)	1	(50)	(6)
Balance, end of the period	$ 91	$ 151	$ 91	$ 151

Derivative and Other Financia_5

Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Schedule of Impact of Derivative Financial Instruments on Gain on Sale of Loans (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2019
Derivative [Line Items]
Total net gain (loss)	$ 201	$ (369)
Loan Commitments to Originate
Derivative [Line Items]
Total net gain (loss)	(264)	(585)
Mandatory loan sale commitments and TBA MBS trades
Derivative [Line Items]
Total net gain (loss)	$ 465	$ 216

Derivative and Other Financia_6

Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Summary of the recourse liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Summary Of Recourse Liability [Roll Forward]
Balance, beginning of the period			$ 250	$ 250	$ 283
Provision (recovery) from recourse liability	$ 0	$ 0	0	0	(33)
Net settlements in lieu of loan repurchases	0	0	$ 0	0	0
Balance, end of the period	$ 250	$ 250		$ 250	$ 250

Derivative and Other Financia_7

Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Additional Information (Details)	3 Months Ended	9 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2020USD ($)loan	Mar. 31, 2019USD ($)loan	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)
Derivative [Line Items]
Commitments to extend credit		$ 7,900,000			$ 9,700,000
Outstanding derivative financial instruments		$ 0			0
Number Of Loans Repurchased | loan		3	5
Debt Instrument Repurchased During Period			$ 699,000
Recourse Liability	$ 250,000	$ 250,000	250,000	$ 250,000	250,000	$ 250,000	$ 283,000
Loan Repurchased, Bank	$ 446,000
Amount Of Fully Charged Off Loans Repurchased			$ 25,000
Debt Instrument, Repurchase Amount		1,100,000
Number Of Fully Charged Off Loans Repurchased | loan			2
Other Investors
Derivative [Line Items]
Recourse Liability		200,000			200,000
FHLB - San Francisco [Member]
Derivative [Line Items]
Recourse Liability		$ 50,000			$ 50,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Fair Value of Financial Instruments
Loans held for investment, Aggregate Fair Value	$ 3,835	$ 5,094
Loans held for investment, Aggregate Unpaid Principal Balance	3,971	5,218
Loans held for investment, Net Unrealized Loss	$ (136)	$ (124)

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Corporation's assets measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment, at fair value	$ 3,835	$ 5,094
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	4,828	5,969
Loans held for investment, at fair value	3,835	5,094
Interest-only strips	13	16
Total assets	8,676	11,079
Liabilities	0
Total liabilities	0
Recurring | U.S. government agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	3,001	3,613
Recurring | U.S. government sponsored enterprise MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	1,630	2,087
Recurring | Private issue CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	197	269
Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	0	0
Loans held for investment, at fair value	0	0
Interest-only strips	0	0
Total assets	0	0
Liabilities	0	0
Total liabilities	0	0
Recurring | Fair Value, Inputs, Level 1 | U.S. government agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	0	0
Recurring | Fair Value, Inputs, Level 1 | U.S. government sponsored enterprise MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	0	0
Recurring | Fair Value, Inputs, Level 1 | Private issue CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	0	0
Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	4,631	5,700
Loans held for investment, at fair value	0	0
Interest-only strips	0	0
Total assets	4,631	5,700
Liabilities	0	0
Total liabilities	0	0
Recurring | Fair Value, Inputs, Level 2 | U.S. government agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	3,001	3,613
Recurring | Fair Value, Inputs, Level 2 | U.S. government sponsored enterprise MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	1,630	2,087
Recurring | Fair Value, Inputs, Level 2 | Private issue CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	0	0
Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	197	269
Loans held for investment, at fair value	3,835	5,094
Interest-only strips	13	16
Total assets	4,045	5,379
Liabilities	0	0
Total liabilities	0	0
Recurring | Fair Value, Inputs, Level 3 | U.S. government agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	0	0
Recurring | Fair Value, Inputs, Level 3 | U.S. government sponsored enterprise MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	0	0
Recurring | Fair Value, Inputs, Level 3 | Private issue CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	$ 197	$ 269

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Schedule of Reconciliation of Beginning and Ending Balances of Recurring Fair Value Measurements Using Level 3 Inputs (Details) - Fair Value, Inputs, Level 3 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 4,417	$ 5,821	$ 5,379	$ 6,400
Total gains or losses (realized/unrealized) Included in earnings	(25)	(180)	12	(434)
Total gains or losses (realized/unrealized) Included in other comprehensive loss	(26)	(2)	(32)	(5)
Purchases		0	0	0
Issuances		0	0	0
Settlements	(321)	(40)	(1,290)	(832)
Transfers in and/or out of Level 3		191	0	661
Ending balance	4,045	5,790	4,045	5,790
Private issue CMO
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	231	310	269	350
Total gains or losses (realized/unrealized) Included in earnings		0	0	0
Total gains or losses (realized/unrealized) Included in other comprehensive loss	(26)	1	(29)	0
Purchases		0	0	0
Issuances		0	0	0
Settlements	(8)	(11)	(43)	(50)
Transfers in and/or out of Level 3		0	0	0
Ending balance	197	300	197	300
Loans Held For Investment, at Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	4,173	4,995	5,094	5,234
Total gains or losses (realized/unrealized) Included in earnings	(25)	87	12	133
Total gains or losses (realized/unrealized) Included in other comprehensive loss		0	0	0
Purchases		0	0	0
Issuances		0	0	0
Settlements	(313)	(34)	(1,247)	(789)
Transfers in and/or out of Level 3		191	0	661
Ending balance	3,835	5,239	3,835	5,239
Interest-Only Strips
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	13	21	16	23
Total gains or losses (realized/unrealized) Included in earnings		0	0	0
Total gains or losses (realized/unrealized) Included in other comprehensive loss		(3)	(3)	(5)
Purchases		0	0	0
Issuances		0	0	0
Settlements		0	0	0
Transfers in and/or out of Level 3		0	0	0
Ending balance	$ 13	18	$ 13	18
Loan Commitments to Originate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance		504		825
Total gains or losses (realized/unrealized) Included in earnings		(264)		(585)
Total gains or losses (realized/unrealized) Included in other comprehensive loss		0		0
Purchases		0		0
Issuances		0		0
Settlements		0		0
Transfers in and/or out of Level 3		0		0
Ending balance		240		240
Mandatory Commitments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance		(9)		(32)
Total gains or losses (realized/unrealized) Included in earnings		(3)		18
Total gains or losses (realized/unrealized) Included in other comprehensive loss		0		0
Purchases		0		0
Issuances		0		0
Settlements		5		7
Transfers in and/or out of Level 3		0		0
Ending balance		$ (7)		$ (7)

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Corporation's assets measured at fair value at the dates indicated on a nonrecurring basis (Details) - Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans	$ 3,635	$ 6,218
Mortgage servicing assets	386	627
Real estate owned, net	0	0
Total	4,021	6,845
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans	0	0
Mortgage servicing assets	0	0
Real estate owned, net	0	0
Total	0	0
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans	2,073	3,971
Mortgage servicing assets	0	0
Real estate owned, net	0	0
Total	2,073	3,971
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans	1,562	2,247
Mortgage servicing assets	386	627
Real estate owned, net	0	0
Total	$ 1,948	$ 2,874

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Valuation techniques and inputs used (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Jun. 30, 2019
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 8,676	$ 11,079
Fair Value, Inputs, Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Fair Value, Inputs, Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	4,631	5,700
Fair Value, Inputs, Level 3 | Private issue CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 197
Fair Value, Inputs, Level 3 | Private issue CMO | Market comparable pricing | Comparability adjustment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impact to valuation from an increase in inputs on assets	Increase
Fair Value, Inputs, Level 3 | Private issue CMO | Minimum | Market comparable pricing | Comparability adjustment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	(9.90%)
Fair Value, Inputs, Level 3 | Private issue CMO | Maximum | Market comparable pricing | Comparability adjustment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	(10.70%)
Fair Value, Inputs, Level 3 | Private issue CMO | Weighted Average | Market comparable pricing | Comparability adjustment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	10.00%
Fair Value, Inputs, Level 3 | Loans Held For Investment, at Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 3,835
Fair Value, Inputs, Level 3 | Loans Held For Investment, at Fair Value | Minimum | Relative value analysis | Broker quotes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	98.00%
Fair Value, Inputs, Level 3 | Loans Held For Investment, at Fair Value | Minimum | Relative value analysis | Credit risk factors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	1.30%
Fair Value, Inputs, Level 3 | Loans Held For Investment, at Fair Value | Maximum | Relative value analysis | Broker quotes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	104.60%
Fair Value, Inputs, Level 3 | Loans Held For Investment, at Fair Value | Maximum | Relative value analysis | Credit risk factors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	100.00%
Fair Value, Inputs, Level 3 | Loans Held For Investment, at Fair Value | Weighted Average | Relative value analysis | Broker quotes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	100.90%
Fair Value, Inputs, Level 3 | Loans Held For Investment, at Fair Value | Weighted Average | Relative value analysis | Credit risk factors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	4.30%
Fair Value, Inputs, Level 3 | Non-performing loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 666
Fair Value, Inputs, Level 3 | Non-performing loans | Discounted cash flow | Default rates.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impact to valuation from an increase in inputs on assets	Decrease
Assets Fair Value Measurement Input	5.00%
Fair Value, Inputs, Level 3 | Mortgage servicing assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 386
Fair Value, Inputs, Level 3 | Mortgage servicing assets | Discounted cash flow | Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	(9.10%)
Fair Value, Inputs, Level 3 | Mortgage servicing assets | Minimum | Discounted cash flow | Prepayment speed (CPR)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	18.70%
Fair Value, Inputs, Level 3 | Mortgage servicing assets | Minimum | Discounted cash flow | Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	9.00%
Fair Value, Inputs, Level 3 | Mortgage servicing assets | Maximum | Discounted cash flow | Prepayment speed (CPR)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	60.00%
Fair Value, Inputs, Level 3 | Mortgage servicing assets | Maximum | Discounted cash flow | Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	10.50%
Fair Value, Inputs, Level 3 | Mortgage servicing assets | Weighted Average | Discounted cash flow | Prepayment speed (CPR)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	31.20%
Fair Value, Inputs, Level 3 | Interest-Only Strips
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 13
Fair Value, Inputs, Level 3 | Interest-Only Strips | Discounted cash flow | Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	9.00%
Fair Value, Inputs, Level 3 | Interest-Only Strips | Minimum | Discounted cash flow | Prepayment speed (CPR)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	18.70%
Fair Value, Inputs, Level 3 | Interest-Only Strips | Maximum | Discounted cash flow | Prepayment speed (CPR)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	37.50%
Fair Value, Inputs, Level 3 | Interest-Only Strips | Weighted Average | Discounted cash flow | Prepayment speed (CPR)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	36.20%
Fair Value, Inputs, Level 3 | Non-performing loans one
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 896
Fair Value, Inputs, Level 3 | Non-performing loans one | Relative value analysis | Credit risk factors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impact to valuation from an increase in inputs on assets	Decrease
Fair Value, Inputs, Level 3 | Non-performing loans one | Minimum | Relative value analysis | Loss severity.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	20.00%
Fair Value, Inputs, Level 3 | Non-performing loans one | Maximum | Relative value analysis | Loss severity.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	30.00%
Fair Value, Inputs, Level 3 | Non-performing loans one | Weighted Average | Relative value analysis | Loss severity.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	20.40%
Fair Value, Inputs, Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 4,045	$ 5,379

Fair Value of Financial Instr_8

Fair Value of Financial Instruments - Carrying amount and fair value of the Corporation's other financial instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities - held to maturity	$ 69,482	$ 94,090
Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities - held to maturity	0	0
Loans held for investment, not recorded at fair value	0	0
FHLB - San Francisco stock	0	0
Deposits	0	0
Borrowings	0	0
Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities - held to maturity	71,399	95,359
Loans held for investment, not recorded at fair value	0	0
FHLB - San Francisco stock	8,199	8,199
Deposits	0	0
Borrowings	0	0
Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities - held to maturity	0	0
Loans held for investment, not recorded at fair value	905,972	861,374
FHLB - San Francisco stock	0	0
Deposits	807,962	813,087
Borrowings	136,606	102,826
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities - held to maturity	69,482	94,090
Loans held for investment, not recorded at fair value	910,472	874,831
FHLB - San Francisco stock	8,199	8,199
Deposits	835,831	841,271
Borrowings	131,070	101,107
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities - held to maturity	71,399	95,359
Loans held for investment, not recorded at fair value	905,972	861,374
FHLB - San Francisco stock	8,199	8,199
Deposits	807,962	813,087
Borrowings	$ 136,606	$ 102,826

Reclassification Adjustment o_3

Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI") (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	$ 133	$ 169	$ 161	$ 210
Other comprehensive loss before reclassifications	(66)	(6)	(94)	(47)
Amount reclassified from accumulated other comprehensive income	0	0	0	0
Net other comprehensive loss	(66)	(6)	(94)	(47)
Ending balance	67	163	67	163
Available for sale
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	124	154	150	194
Other comprehensive loss before reclassifications	(66)	(4)	(92)	(44)
Amount reclassified from accumulated other comprehensive income	0	0	0	0
Net other comprehensive loss	(66)	(4)	(92)	(44)
Ending balance	58	150	58	150
Interest-Only Strips
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	9	15	11	16
Other comprehensive loss before reclassifications		(2)	(2)	(3)
Amount reclassified from accumulated other comprehensive income	0	0	0	0
Net other comprehensive loss		(2)	(2)	(3)
Ending balance	$ 9	$ 13	$ 9	$ 13

Revenue From Contracts With C_3

Revenue From Contracts With Customers (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Net gain (loss) on sale of loans		$ 14	$ 1,719	$ (115)	$ 7,114
Total non-interest income		1,101	3,052	3,515	11,196
Proceeds from Sale of Loans Held-for-investment			95,800		408,900
Asset management fees
Total non-interest income		70	77	234	215
Debit card and ATM fees
Total non-interest income		380	395	1,195	1,227
Deposit related fees
Total non-interest income		439	484	1,370	1,522
Loan related fees
Total non-interest income		12	12	26	25
BOLI
Total non-interest income	[1]	48	47	141	140
Loan servicing fees
Total non-interest income	[1]	131	262	631	863
Other
Total non-interest income		$ 7	$ 56	$ 33	$ 90
[1]	Not in scope of ASC 606.

Leases - Supplemental informati

Leases - Supplemental information (Details)	3 Months Ended	9 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2020USD ($)
Leases
Lease expense	$ 212,000	$ 613,000
Condensed Consolidated Statements of Condition:
Premises and equipment - Operating lease right of use assets	2,745,000	2,745,000
Accounts payable, accrued interest and other liabilities - Operating lease liabilities	2,877,000	2,877,000
Condensed Consolidated Statements of Operations:
Premises and occupancy expenses from operating leases	195,000	569,000
Equipment expenses from operating leases	17,000	44,000
Condensed Consolidated Statements of Cash Flows:
Operating cash flows from operating leases, net	$ 243,000	$ 806,000

Leases - Remaining contractual

Leases - Remaining contractual lease payments and other information (Details) $ in Thousands	Mar. 31, 2020USD ($)
Remaining minimum contractual lease payments and other information associated with the leases
2020	$ 233
2021	753
2022	677
2023	478
2024	361
Thereafter	530
Total contract lease payments, net	3,032
Total liability to make lease payments	2,877
Difference in undiscounted and discounted future lease payments	$ 155
Weighted average discount rate	2.15%
Weighted average remaining lease term (years)	4 years 8 months 12 days

Leases - Impact of the adoption

Leases - Impact of the adoption of new lease accounting guidance (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Jul. 01, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018
Lessee, Lease, Description [Line Items]
Total assets	$ 1,107,567			$ 1,084,850
Total liabilities	984,409			964,209
Total equity	$ 123,158	$ 123,776		$ 120,641	$ 121,209	$ 122,677	$ 120,457
Accounting Standards Update 2016-02 [Member]
Lessee, Lease, Description [Line Items]
Total assets			$ 1,088,249
Total liabilities			967,913
Total equity			120,641
Accounting Standards Update 2016-02 [Member] | Adjustments due to new lease guidance
Lessee, Lease, Description [Line Items]
Total assets			3,399
Total liabilities			$ 3,704

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent event	Apr. 30, 2020$ / sharesshares
Subsequent Event [Line Items]
Dividends declared date	Apr. 30, 2020
Quarterly cash dividend declared, common stock | $ / shares	$ 0.14
Dividend, date of record	May 21, 2020
Dividends payable, date	Jun. 11, 2020
Corporation's Board of Directors
Subsequent Event [Line Items]
Number of shares authorized under stock repurchase plan | shares	371,815