Provident Financial (PROV) 10-K 4 Sep 20 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2020	Aug. 31, 2020	Dec. 31, 2019
Document and Entity Information
Document Type	10-K
Document Period End Date	Jun. 30, 2020
Entity Registrant Name	PROVIDENT FINANCIAL HOLDINGS INC
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-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	FY
Amendment Flag	false
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Public Float			$ 148.8

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Assets
Cash and cash equivalents	$ 116,034	$ 70,632
Investment securities - held to maturity, at cost	118,627	94,090
Investment securities - available for sale, at fair value	4,717	5,969
Loans held for investment, net of allowance for loan losses of $8,265 and $7,076, respectively; includes $2,258 and $5,094 of loans held at fair value, respectively)	902,796	879,925
Accrued interest receivable	3,271	3,424
Federal Home Loan Bank ("FHLB") - San Francisco stock	7,970	8,199
Premises and equipment, net	10,254	8,226
Prepaid expenses and other assets	13,168	14,385
Total assets	1,176,837	1,084,850
Liabilities:
Non interest-bearing deposits	118,771	90,184
Interest-bearing deposits	774,198	751,087
Total deposits	892,969	841,271
Borrowings	141,047	101,107
Accounts payable, accrued interest and other liabilities	18,845	21,831
Total liabilities	1,052,861	964,209
Commitments and Contingencies (Note 14)
Stockholders' equity:
Preferred stock, $0.01 par value (2,000,000 shares authorized; none issued and outstanding)	0	0
Common stock, $0.01 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	95,593	94,351
Retained earnings	194,345	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	104	161
Total stockholders' equity	123,976	120,641
Total liabilities and stockholders' equity	$ 1,176,837	$ 1,084,850

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Consolidated Statements of Financial Condition
Allowance for loan losses on Loans held for investment (in dollars)	$ 8,265	$ 7,076
Loans held for investment fair value (in dollars)	$ 2,258	$ 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

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands		12 Months Ended
		Jun. 30, 2020	Jun. 30, 2019
Interest income:
Loans receivable, net		$ 39,145	$ 40,092
Investment securities		2,120	2,042
FHLB - San Francisco stock		534	707
Interest-earning deposits		657	1,537
Total interest income		42,456	44,378
Interest expense:
Deposits		2,943	3,381
Borrowings		3,112	2,827
Total interest expense		6,055	6,208
Net interest income		36,401	38,170
Provision (recovery) for loan losses		1,119	(475)
Net interest income, after provision (recovery) for loan losses		35,282	38,645
Non-interest income:
Loan servicing and other fees		819	1,051
(Loss) gain on sale of loans, net		(132)	7,135
Other		769	829
Total non-interest income		4,520	12,511
Non-interest expense:
Salaries and employee benefits	[1]	18,913	30,149
Premises and occupancy	[2]	3,465	5,038	[3]
Equipment expense	[4]	1,129	2,474
Professional expense		1,439	1,864
Sales and marketing expense		773	980
Deposit insurance premiums and regulatory assessments		227	590
Other		2,954	4,141
Total non-interest expense		28,900	45,236
Income before income taxes		10,902	5,920
Provision for income taxes		3,213	1,503
Net income		$ 7,689	$ 4,417
Basic earnings per share		$ 1.03	$ 0.59
Diluted earnings per share		1.01	0.58
Cash dividends per share (in dollars per share)		$ 0.56	$ 0.56
Deposit account fees
Non-interest income:
Total non-interest income		$ 1,610	$ 1,928
Card and processing fees
Non-interest income:
Total non-interest income		$ 1,454	$ 1,568
[1]	Includes $1.7 million of non-recurring expenses related to scaling back origination of saleable single-family mortgage loans for the fiscal year ended June 30, 2019.
[2]	Includes $0.3 million of non-recurring expenses related to scaling back the origination of saleable single-family mortgage loans for the fiscal year ended June 30, 2019.
[3]	Includes $0.3 million of non-recurring expenses related to scaling back the origination of saleable single-family mortgage loans for the fiscal year ended June 30, 2019.
[4]	Includes $0.8 million of non-recurring expenses related to scaling back the origination of saleable single-family mortgage loans for the fiscal year ended June 30, 2019.

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) $ in Millions	12 Months Ended
	Jun. 30, 2019USD ($)
Consolidated Statements of Operations
Non-recurring expenses, salaries and employee benefits	$ 1.7
Non-recurring expenses, premises and occupancy	0.3
Non-recurring expenses, equipment expense	$ 0.8

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Consolidated Statements of Comprehensive Income
Net income	$ 7,689	$ 4,417
Change in unrealized holding losses on securities available for sale and interest-only strips	(81)	(70)
Reclassification of losses to net income	0
Other comprehensive loss, before income tax benefit	(81)	(70)
Income tax benefit	(24)	(21)
Other comprehensive loss	(57)	(49)
Total comprehensive income	$ 7,632	$ 4,368

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)		Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss), Net of Tax	Total
Balance at Jun. 30, 2018		$ 181,000	$ 94,957,000	$ 190,616,000	$ (165,507,000)	$ 210,000	$ 120,457,000
Balance (in shares) at Jun. 30, 2018		7,421,426
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				4,417,000			4,417,000
Other comprehensive loss						(49,000)	(49,000)
Purchase of treasury stock	[1]				(1,412,000)		(1,412,000)
Purchase of treasury stock (in shares)	[1]	(73,070)
Distribution of restricted stock (in shares)		89,500
Amortization of restricted stock			515,000				515,000
Awards of restricted stock			(2,028,000)		2,028,000
Exercise of stock options			553,000				553,000
Exercise of stock options (in shares)		48,250
Stock options expense			354,000				354,000
Cash dividends	[2]			(4,194,000)			(4,194,000)
Balance at Jun. 30, 2019		$ 181,000	94,351,000	190,839,000	(164,891,000)	161,000	$ 120,641,000
Balance (in shares) at Jun. 30, 2019		7,486,106					7,486,106
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				7,689,000			$ 7,689,000
Other comprehensive loss		$ 0	0	0	0	(57,000)	(57,000)
Purchase of treasury stock					(1,283,000)		(1,283,000)
Purchase of treasury stock (in shares)		(66,041)
Forfeiture of restricted stock			73,000		(73,000)
Amortization of restricted stock			873,000				873,000
Exercise of stock options			215,000				215,000
Exercise of stock options (in shares)		16,250
Stock options expense			81,000				81,000
Cash dividends	[2]			(4,183,000)			(4,183,000)
Balance at Jun. 30, 2020		$ 181,000	$ 95,593,000	$ 194,345,000	$ (166,247,000)	$ 104,000	$ 123,976,000
Balance (in shares) at Jun. 30, 2020		7,436,315					7,436,315
[1]	Includes the purchase of 21,071 shares of distributed restricted stock in fiscal 2019 in settlement of employees' withholding tax obligations.
[2]	Cash dividends of $0.56 per share were paid in both fiscal 2020 and 2019.

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical)	12 Months Ended
	Jun. 30, 2019$ / sharesshares
Cash dividends per share | $ / shares	$ 0.56
Restricted Stock
Number of shares repurchase of distributed restricted stock in settlement of employee withholding tax obligations | shares	21,071

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 7,689	$ 4,417
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	3,391	3,075
Provision (recovery) for loan losses	1,119	(475)
Loss (gain) on sale of loans, net	132	(7,135)
Stock-based compensation	954	869
Provision for deferred income taxes	552	650
(Decrease) increase in accounts payable, accrued interest and other liabilities	(3,086)	1,865
(Increase) decrease in prepaid expenses and other assets	(2,797)	765
Loans originated for sale	0	(467,094)
Proceeds from sale of loans	0	570,154
Net cash provided by operating activities	7,954	107,091
Cash flows from investing activities:
(Increase) decrease in loans held for investment, net	(25,108)	22,479
Purchase of investment securities - held to maturity	(56,262)	(40,682)
Maturity of investment securities - held to maturity	400	800
Principal payments from investment securities - held to maturity	30,890	32,765
Principal payments from investment securities - available for sale	1,173	1,463
Proceeds from redemption of FHLB - San Francisco stock	229
Proceeds from sale of real estate owned	0	915
Purchase of premises and equipment	(229)	(449)
Net cash (used for) provided by investing activities	(48,907)	17,291
Cash flows from financing activities:
Increase (decrease) in deposits, net	51,698	(66,327)
Proceeds from long-term borrowings	30,007
Repayments of long-term borrowings	(67)	(10,056)
Proceeds (repayments) of short-term borrowings, net	10,000	(15,000)
Treasury stock purchases	(1,283)	(1,412)
Proceeds from exercise of stock options	215	553
Withholding taxes on stock-based compensation	(32)	(615)
Cash dividends	(4,183)	(4,194)
Net cash provided by (used for) financing activities	86,355	(97,051)
Net increase in cash and cash equivalents	45,402	27,331
Cash and cash equivalents at beginning of year	70,632	43,301
Cash and cash equivalents at beginning of year	116,034	70,632
Supplemental information:
Cash paid for interest	6,056	6,221
Cash paid for income taxes	775	1,555
Transfer of loans held for sale to held for investment	$ 1,085	$ 1,909

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2020
Organization and Summary of Significant Accounting Policies
Organization and Summary of Significant Accounting Policies	Note 1: Organization and Summary of Significant Accounting Policies Basis of presentation The consolidated financial statements include the accounts of Provident Financial Holdings, Inc., and its wholly owned subsidiary, Provident Savings Bank, F.S.B. (collectively, the “Corporation”). All inter-company balances and transactions have been eliminated. Provident Savings Bank, F.S.B. (the “Bank”) converted from a federally chartered mutual savings bank to a federally chartered stock savings bank effective June 27, 1996. Provident Financial Holdings, Inc., a Delaware corporation organized by the Bank, acquired all of the capital stock of the Bank issued in the conversion; the transaction was recorded on a book value basis. The Corporation has determined that it operates in one business segment through the Bank. The Bank's activities include attracting deposits, offering banking services and originating and purchasing single-family, multi-family, commercial real estate, construction and, to a lesser extent, other mortgage, commercial business and consumer loans for investment/its loan portfolio. Deposits are collected primarily from 13 banking locations located in Riverside and San Bernardino counties in California. Additional activities include originating saleable single-family loans, primarily fixed-rate first mortgages. Loans are primarily originated and purchased in Southern and Northern California. Use of estimates The accounting and reporting policies of the Corporation conform to generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the loan repurchase reserve, the valuation of investment securities, the valuation of loans held for investment at fair value, deferred tax assets, loan servicing assets, real estate owned and deferred compensation costs. The following accounting policies, together with those disclosed elsewhere in the consolidated financial statements, represent the significant accounting policies of Provident Financial Holdings, Inc. and the Bank. Cash and cash equivalents Cash and cash equivalents include cash on hand and due from banks, as well as overnight deposits placed at the Federal Reserve Bank – San Francisco and correspondent banks. Investment securities The Corporation classifies its qualifying investments as available for sale or held to maturity. The Corporation classifies investments as held to maturity when it has the ability and it is management’s positive intent to hold such securities to maturity. Securities held to maturity are carried at amortized historical cost. All other securities are classified as available for sale and are carried at fair value. Fair value generally is determined based upon quoted market prices. Changes in net unrealized gains (losses) on securities available for sale are included in accumulated other comprehensive income, net of tax. Gains and losses on sale or dispositions of investment securities are included in non-interest income and are determined using the specific identification method. Purchase premiums and discounts are amortized over the expected average life of the securities using the effective interest method. Investment securities are reviewed annually for possible other-than-temporary impairment (“OTTI”). For debt securities, an OTTI is evident if the Corporation intends to sell the debt security or will more likely than not be required to sell the debt security before full recovery of the entire amortized cost basis is realized. However, even if the Corporation does not intend to sell the debt security and will not likely be required to sell the debt security before recovery of its entire amortized cost basis, the Corporation must evaluate expected cash flows to be received and determine if a credit loss has occurred. In the event of a credit loss, the credit component of the impairment is recognized within non-interest income and the non-credit component is recognized through accumulated other comprehensive income, net of tax. Loans held for investment Loans held for investment consist of long-term adjustable rate loans secured by first trust deeds on single-family residences. Additionally, multi-family and commercial real estate loans secured by commercial property, land and other residential properties have become a substantial part of loans held for investment and comprised 66% and 63% of total loans held for investment at June 30, 2020 and 2019, respectively. These loans are generally offered to customers and businesses located in California. Net loan origination fees and certain direct origination expenses are deferred and amortized to interest income over the contractual life of the loan using the effective interest method. Amortization is discontinued for non-performing loans. Interest receivable represents, for the most part, the current month’s interest, which will be included as a part of the borrower’s next monthly loan payment. Interest receivable is accrued only if deemed collectible. Loans are placed on non-performing status when they become 90 days past due or if the loan is deemed impaired. When a loan is placed on non-performing status, interest accrued but not received is reversed against interest income. Interest income on non-performing loans is subsequently recognized only to the extent that cash is received and the principal balance is deemed collectible. If the principal balance is not deemed collectible, the entire payment received (principal and interest) is applied to the outstanding loan balance. Non-performing loans that become current as to both principal and interest are returned to accrual status after demonstrating satisfactory payment history (usually six consecutive months) and when future payments are expected to be collected. Allowance for loan losses The allowance for loan losses involves significant judgment and assumptions by management, which has a material impact on the carrying value of net loans. Management considers the accounting estimate related to the allowance for loan losses a critical accounting estimate because it is highly susceptible to changes from period to period, requiring management to make assumptions about probable incurred losses inherent in the loan portfolio at the balance sheet date. The impact of a sudden large loss could deplete the allowance and require increased provisions to replenish the allowance, which would negatively affect earnings. The allowance is based on two principles of accounting: (i) ASC 450, “Contingencies,” which requires that losses be accrued when they are probable of occurring and can be estimated; and (ii) ASC 310, “Receivables,” which requires that losses be accrued for non-performing loans that may be determined on an individually evaluated basis or based on an aggregated pooling method. The allowance has two components: collectively evaluated allowances and individually evaluated allowances. Each of these components is based upon estimates that can change over time. The allowance is based on historical experience and, as a result, can differ from actual losses incurred in the future. Additionally, differences may result from qualitative factors such as unemployment data, gross domestic product, interest rates, retail sales, the value of real estate and real estate market conditions. The historical data is reviewed at least quarterly and adjustments are made as needed. Management considers, based on currently available information, the allowance for loan losses sufficient to absorb probable losses inherent in loans held for investment. Various techniques are used to arrive at an individually evaluated allowance, including discounted cash flows and the fair market value of collateral. The use of these techniques is inherently subjective and the actual losses could be greater or less than the estimates. Loans originated and held for sale Mortgage loans are originated for both investment and sale to the secondary market. Since the Corporation is primarily a single-family adjustable-rate mortgage (“ARM”) lender for its own loan portfolio, fixed-rate loans are originated for sale to institutional investors. Loans held for sale consist primarily of long-term fixed-rate loans secured by first trust deeds on single-family residences, the majority of which are Federal Housing Administration (“FHA”), United States Department of Veterans Affairs (“VA”), Fannie Mae and Freddie Mac loan products. The loans are generally offered to customers located in (a) Southern California, primarily in Riverside and San Bernardino counties, commonly known as the Inland Empire, and Orange, Los Angeles, San Diego and other surrounding counties and (b) Northern California, primarily Alameda, Placer, San Luis Obispo and other surrounding counties. The loans have been hedged with loan sale commitments, TBA MBS trades and option contracts. The loan sale settlement period is generally between 20 to 30 days from the date of the loan funding. On February 4, 2019, the Corporation announced that it was its best interests to scale back the saleable single-family mortgage loan originations and focus on increasing the portfolio single-family mortgage loans. The Corporation adopted Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures,” and elected the fair value option (ASC 825, “Financial Instruments”) on loans held for sale. ASC 825 allows for the option to report certain financial assets and liabilities at fair value initially and at subsequent measurement dates with changes in fair value included in earnings. The option may be applied instrument by instrument, but it is irrevocable. The Corporation has elected the fair value option on loans held for sale and believes the fair value option most closely aligns the timing of the recognition of non-interest income and non-interest expense. Fair value is generally determined by measuring the value of outstanding loan sale commitments in comparison to investors’ current yield requirements as calculated on the aggregate loan basis. Loans are generally sold without recourse, other than standard representations and warranties. A high percentage of loans are sold on a servicing released basis. In some transactions, the Corporation may retain the servicing rights in order to generate servicing income. Where the Corporation continues to service loans after sale, investors are paid their share of the principal collections together with interest at an agreed-upon rate, which generally differs from the loan’s contractual interest rate. 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 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 June 30, 2020, the Bank serviced $7.4 million of loans under this program and has established a recourse liability of $70,000 as compared to $9.7 million of loans serviced and a recourse liability of $50,000 at June 30, 2019. 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 years ended June 30, 2020 and 2019, the Bank repurchased $1.1 million and $948,000 of single-family loans, respectively. No other repurchase requests, which did not result in the repurchase of the loan itself, were settled in fiscal 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, June 30, 2020 and 2019. Activity in the recourse liabilities for the years ended June 30, 2020 and 2019 was as follows: For Year Ended June 30, (In Thousands) 2020 2019 Balance, beginning of year $ 250 $ 283 Recourse reserve (recovery) 20 (33) Balance, end of the year $ 270 $ 250 The Bank is obligated to refund loan sale premiums to investors when a loan pays off within a specific time period following the loan sale; the time period ranges from three to six months, depending upon the loan sale agreement. Total loan sale premium refunds in fiscal 2020 and 2019 were $78,000 and $96,000, respectively. The Bank has no estimated liability for future loan sale premium refunds at June 30, 2020, as compared to $25,000 at June 30, 2019. Gains or losses on the sale of loans, including fees received or paid, are recognized at the time of sale and are determined by the difference between the net sales proceeds and the allocated book value of the loans sold. Mortgage servicing assets (“MSA”) are amortized in proportion to and over the period of the estimated net servicing income and are carried at the lower of cost or fair value. The fair value of MSA is based on the present value of estimated net future cash flows related to contractually specified servicing fees. The Bank periodically evaluates MSA for impairment, which is measured as the excess of cost over fair value. For additional information, see Note 4 of the Notes to Consolidated Financial Statements, “Mortgage Loan Servicing and Loans Originated for Sale.” Allowance for unfunded loan commitments The Corporation maintains the allowance for unfunded loan commitments at a level that is adequate to absorb estimated probable losses related to these unfunded credit facilities. The Corporation determines the adequacy of the allowance based on periodic evaluations of the unfunded credit facilities, including an assessment of the probability of commitment usage, credit risk factors for loans outstanding to these same customers, and the terms and expiration dates of the unfunded credit facilities. The allowance for unfunded loan commitments is recorded in other liabilities on the Consolidated Statements of Financial Condition. Net adjustments to the allowance for unfunded loan commitments are included in other non-interest expense on the Consolidated Statements of Operations. Loans in forbearance On March 27, 2020, the CARES Act was signed into law and on April 7, 2020, the Board of Governors of the Federal Reserve System, FDIC, National Credit Union Administration, OCC and consumer Financial Protection Bureau issued Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus ("Interagency Statement"). Among other things, the CARES Act and Interagency Statement provided relief to borrowers, including the opportunity to defer loan payments while not negatively affecting their credit standing. For commercial and consumer customers, the Corporation has provided relief options, including payment deferrals and fee waivers. All loans modified due to COVID-19 will be separately monitored and any request for continuation of relief beyond the initial modification will be reassessed at that time to determine if a further modification should be granted and if a downgrade in risk rating is appropriate. After the payment deferral period, normal loan payments will once again become due and payable. The forbearance amount will be due and payable in full as a balloon payment at the end of the loan term or sooner if the loan becomes due and payable in full at an earlier date. The Corporation believes the steps we are taking are necessary to effectively manage its portfolio and assist the borrowers through the ongoing uncertainty surrounding the duration, impact and government response to the COVID-19 pandemic. Troubled debt restructuring (“restructured loans”) A restructured loan is a loan which the Corporation, for reasons related to a borrower’s financial difficulties, grants a concession to the borrower that the Corporation would not otherwise consider. These financial difficulties include, but are not limited to, the borrowers default status on any of their debts, bankruptcy and recent changes in their financial circumstances (loss of job, etc.). The loan terms which have been modified or restructured due to a borrower’s financial difficulty, may include but are not limited to: a) A reduction in the stated interest rate. b) An extension of the maturity at an interest rate below market. c) A reduction in the accrued interest. d) Extensions, deferrals, renewals and rewrites. e) Loans that have been discharged in a Chapter 7 Bankruptcy that have not been reaffirmed by the borrower. To qualify for restructuring, a borrower must provide evidence of creditworthiness such as, current financial statements, 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 Corporation measures the allowance for loan losses of restructured loans based on the difference between the loan’s original carrying amount and the present value of expected future cash flows discounted at the original effective yield of the loan. Based on the Office of the Comptroller of the Currency’s ("OCC") guidance with respect to restructured loans and to conform to general practices within the banking industry, the Corporation maintains certain restructured loans on accrual status, provided there is reasonable assurance of repayment and performance, consistent with the modified terms based upon a current, well-documented credit evaluation. Other restructured loans are classified as “Substandard” and placed on non-performing status. 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 or 12 consecutive months for those loans that were restructured more than once. Once 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 corroborating characteristics to be upgraded, such as: satisfactory cash flow, satisfactory guarantor support, and additional collateral support, among others. Non-performing loans The Corporation assesses loans individually and classifies as non-performing loans when the accrual of interest has been discontinued, loans have been restructured or management has serious doubts about the future collectability of principal and interest, even though the loans may currently be performing. Factors considered in determining classification include, but are not limited to, expected future cash flows, the financial condition of the borrower and current economic conditions. The Corporation measures each non-performing loan based on ASC 310, establishes a collectively evaluated or individually evaluated allowance and charges off those loans or portions of loans deemed uncollectible. Real estate owned Real estate acquired through foreclosure is initially recorded at the fair value of the real estate acquired, less estimated selling costs. Subsequent to foreclosure, the Corporation charges current earnings for estimated losses if the carrying value of the property exceeds its fair value. Gains or losses on the sale of real estate are recognized upon disposition of the property. Costs relating to improvement, maintenance and repairs of the property are expensed as incurred under gain (loss) on sale and operations of real estate owned acquired in the settlement of loans within the Consolidated Statements of Operations. Impairment of long-lived assets The Corporation reviews its long-lived assets for impairment annually or when events or circumstances indicate that the carrying amount of these assets may not be recoverable. Long-lived assets include buildings, land, fixtures, furniture and equipment. An asset is considered impaired when the expected discounted cash flows over the remaining useful life are less than the net book value. When impairment is indicated for an asset, the amount of impairment loss is the excess of the net book value over its fair value. Premises and equipment Premises and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation is computed primarily on a straight-line basis over the estimated useful lives as follows: Buildings 10 to 40 years Furniture and fixtures 3 to 10 years Automobiles 3 to 5 years Computer equipment 3 to 5 years Leasehold improvements are amortized over the lesser of their respective lease terms or the useful life of the improvement, which ranges from one to 10 years. Maintenance and repair costs are charged to operations as incurred. Income taxes The Corporation accounts for income taxes in accordance with ASC 740, “Income Taxes.” ASC 740 requires the affirmative evaluation that it is more likely than not, based on the technical merits of a tax position, that an enterprise is entitled to economic benefits resulting from positions taken in income tax returns. If a tax position does not meet the more-likely-than-not recognition threshold, the benefit of that position is not recognized in the financial statements. ASC 740 requires that when determining the need for a valuation allowance against a deferred tax asset, management must assess both positive and negative evidence with regard to the realizability of the tax losses represented by that asset. To the extent available, if sources of taxable income are insufficient to absorb tax losses, a valuation allowance is necessary. Sources of taxable income for this analysis include prior years’ tax returns, the expected reversals of taxable temporary differences between book and tax income, prudent and feasible tax-planning strategies, and future taxable income. The deferred income tax asset related to the allowance for loan losses will be realized when actual charge-offs are made against the allowance. Based on the availability of loss carry-backs and projected taxable income during the periods for which loss carry-forwards are available, management believes it is more likely than not the Corporation will realize the deferred tax asset. The Corporation continues to monitor the deferred tax asset on a quarterly basis for a valuation allowance. The future realization of these tax benefits primarily hinges on adequate future earnings to utilize the tax benefit. Prospective earnings or losses, tax law changes or capital changes could prompt the Corporation to reevaluate the assumptions which may be used to establish a valuation allowance. As of June 30, 2020 and 2019, the estimated deferred tax asset was $3.0 million and $3.5 million , respectively, and presented in prepaid expenses and other assets. The Corporation maintains net deferred tax assets for deductible temporary tax differences, such as loss reserves, deferred compensation, non-accrued interest and unrealized gains, among other items. The decrease in the net deferred tax asset resulted primarily from a decline in litigation reserves and an increase in deferred loan costs, partly offset by increases in loan loss reserves and deferred compensation. The Corporation did not have any liabilities for uncertain tax positions or any known unrecognized tax benefit at June 30, 2020 or 2019. Bank owned life insurance ("BOLI") ASC 715‑60‑35, "Accounting for Deferred Compensation and Postretirement Benefit Aspects of Endorsement Split-Dollar Life Insurance Arrangements," requires an employer to recognize obligations associated with endorsement split-dollar life insurance arrangements that extend into the participant’s post-employment benefit cost for the continuing life insurance or based on the future death benefit depending on the contractual terms of the underlying agreement. The Corporation adopted ASC 715‑60‑35 using the latter option, i.e., based on the future death benefit. The Bank purchases BOLI policies on the lives of certain executive officers while they are employed by the Bank and is the owner and beneficiary of the policies. The Bank invests in BOLI to provide an efficient form of funding for long-term retirement and other employee benefits costs. The Bank records these BOLI policies within prepaid expenses and other assets in the Consolidated Statements of Financial Condition at each policy’s respective cash surrender value, with net changes recorded in other non-interest income in the Consolidated Statements of Operations. Cash dividend A declaration or payment of dividends is at the discretion of the Corporation’s Board of Directors, who take into account the Corporation’s financial condition, results of operations, tax considerations, capital requirements, industry standards, economic conditions and other factors, including the regulatory restrictions which affect the payment of dividends by the Bank to the Corporation. Under Delaware law, dividends may be paid either out of surplus or, if there is no surplus, out of net profits for the current fiscal year and/or the preceding fiscal year in which the dividend is declared. For additional information, see Note 22 of the Notes to Consolidated Financial Statements regarding the subsequent event related to the cash dividend. Stock repurchases The Corporation repurchases its common stock consistent with Board-approved stock repurchase plans. During fiscal 2020, a total of 66,041 shares of common stock were purchased at an average cost of $19.43 per share. As of June 30, 2020, a total of 371,815 shares remain available for future repurchase pursuant to the Corporation's April 2020 stock repurchase plan. Earnings per common share (“EPS”) Basic EPS represents net income divided by the weighted average common shares outstanding during the period excluding any potential dilutive effects. Diluted EPS gives effect to any potential issuance of common stock that would have caused basic EPS to be lower as if the issuance had already occurred. Accordingly, diluted EPS reflects an increase in the weighted average shares outstanding as a result of the assumed exercise of stock options and the vesting of restricted stock. The computation of diluted EPS does not assume exercise of stock options and vesting of restricted stock that would have an anti-dilutive effect on EPS. Stock-based compensation ASC 718, “Compensation – Stock Compensation,” requires companies to recognize in the statement of operations the grant-date fair value of stock options and other equity-based compensation issued to employees and directors. Stock-based compensation expense, inclusive of restricted stock expense, recognized in the consolidated statements of operations for the years ended June 30, 2020 and 2019 was $954,000 and $869,000, respectively. Employee Stock Ownership Plan ("ESOP") The Corporation recognizes compensation expense when the Bank contributes funds to the ESOP for the purchase of the Corporation’s common stock to be allocated to the ESOP participants. Since the contributions are discretionary, the benefits payable under the ESOP cannot be estimated. Restricted stock The Corporation recognizes compensation expense over the vesting period of the shares awarded, equal to the fair value of the shares at the award date. A total of $873,000 and $515,000 of restricted stock expense was amortized during fiscal 2020 and 2019, respectively. Post-retirement benefits The estimated obligation for post-retirement health care and life insurance benefits is determined based on an actuarial computation of the cost of current and future benefits for the eligible (grandfathered) retirees and employees. The post retirement benefit liability is included in accounts payable, accrued interest and other liabilities in the Consolidated Statements of Financial Condition. Effective July 1, 2003, the Corporation discontinued the post-retirement health care and life insurance benefits to any employee not previously qualified (grandfathered) for these benefits. At June 30, 2020 and 2019, the accrued liability for post-retirement benefits was $184,000 and $196,000, respectively, which was fully funded consistent with actuarially determined estimates of the future obligation. Comprehensive income ASC 220, “Comprehensive Income,” requires that realized revenue, expenses, gains and losses be included in net income (loss). Unrealized gains (losses) on available for sale securities and interest-only strips are reported as a separate component of the stockholders’ equity section of the Consolidated Statements of Financial Condition and the change in the unrealized gains (losses) are reported on the Consolidated Statements of Comprehensive Income and Consolidated Statements of Stockholders’ Equity. Accounting standard updates (“ASU”) ASU 2016-02: In February 2016, the Financial Accounting Standards Board ("FASB") issued ASU 2016-02, “Leases (Topic 842).” This ASU introduces a lessee model that brings most leases on the balance sheet and aligns many of the underlying principles of the new lessor model with those in the new revenue recognition standard, ASC 606, Revenue From Contracts With Customers. The new leases standard represents a wholesale change to lease accounting requiring the recognition of lease assets and lease liabilities in the balance sheet and disclosure of key information about leasing arrangements. The principal change required by ASU 2016-02 relates to lessee accounting, for operating leases, a lessee is required to (1) recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in the statement of financial position, (2) recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term generally on a straight-line basis, and (3) classify all cash payments within operating activities in the statement of cash flows. For leases with an initial 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. ASU 2016-02 also changes disclosure requirements related to leasing activities and requires certain qualitative disclosures along with specific quantitative disclosures. This ASU was effective for annual periods beginning after December 15, 2018 (i.e., calendar periods beginning on January 1, 2019), and interim periods therein, early adoption was permitted. In July 2018, the FASB issued ASU 2018-11, Leases, Targeted Improvements, which allowed 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. In January 2019, the FASB issued ASU 2019-01, Codification Improvements. The amendments in this ASU included the following items: (i) determining the fair value of the underlying asset by lessors that are not manufacturers or dealers; (ii) requiring cash received from lessors from sales-type and direct financing leases to be presented in the cash flow statement within investing activities; and (iii) clarifying interim disclosure requirements. Th

Investment Securities

Investment Securities	12 Months Ended
	Jun. 30, 2020
Investment Securities
Investment Securities	Note 2: Investment Securities The amortized cost and estimated fair value of investment securities as of June 30, 2020 and 2019 were as follows: Gross Gross Estimated Amortized Unrealized Unrealized Fair Carrying June 30, 2020 Cost Gains (Losses) Value Value (In Thousands) Held to maturity U.S. government sponsored enterprise MBS $ 115,763 $ 2,636 $ (45) $ 118,354 $ 115,763 U.S. SBA securities (1) 2,064 — (17) 2,047 2,064 Certificate of deposits 800 — — 800 800 Total investment securities - held to maturity $ 118,627 $ 2,636 $ (62) $ 121,201 $ 118,627 Available for sale U.S. government agency MBS $ 2,823 $ 120 $ — $ 2,943 $ 2,943 U.S. government sponsored enterprise MBS 1,556 21 — 1,577 1,577 Private issue CMO (2) 204 — (7) 197 197 Total investment securities - available for sale $ 4,583 $ 141 $ (7) $ 4,717 $ 4,717 Total investment securities $ 123,210 $ 2,777 $ (69) $ 125,918 $ 123,344 (1) Small Business Administration ("SBA"). (2) 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 fiscal 2020 and 2019, the Corporation received MBS principal payments of $32.1 million and $34.2 million, respectively and did not sell any investment securities. The Corporation purchased mortgage-backed securities totaling $55.9 million and $39.9 million during fiscal 2020 and 2019, respectively. As of June 30, 2020 and 2019, the Corporation held investments with an unrealized loss position of $69,000 and $21,000, respectively. As of June 30, 2020 Unrealized Holding Losses Unrealized Holding Losses Unrealized Holding 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 $ 12,731 $ 45 $ — $ — $ 12,731 $ 45 U.S. SBA securities — $ — 2,040 17 2,040 17 Total investment securities - held to maturity $ 12,731 $ 45 $ 2,040 $ 17 $ 14,771 $ 62 Available for sale Private issue CMO $ 197 $ 7 $ — $ — $ 197 $ 7 Total investment securities - available for sale $ 197 $ 7 $ — $ — $ 197 $ 7 Total investment securities $ 12,928 $ 52 $ 2,040 $ 17 $ 14,968 $ 69 As of June 30, 2019 Unrealized Holding Losses Unrealized Holding Losses Unrealized Holding 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 As of June 30, 2020, the Corporation had investment securities with unrealized holding losses of $52,000 that were less than 12 months and $17,000 that were in an unrealized loss position for more than 12 months, as compared to investment securities at June 30, 2019 with unrealized holding losses of $9,000 that were less than 12 months and $12,000 that were in an unrealized loss position for more than 12 months. The unrealized loss at June 30, 2020 was attributable to two U.S. government sponsored enterprise MBS, one U.S. SBA security and three private issue CMOs and, based on the nature of the investments, management concluded that such unrealized losses were not other than temporary. The unrealized loss at June 30, 2019 was attributable to one U.S. government agency MBS, three U.S. government sponsored enterprise MBS and one U.S. SBA security, and based on the nature of the investments, management concluded that such unrealized losses were not other than temporary. The Corporation does not believe that there was any OTTI at June 30, 2020 and 2019. At each of these dates, the Corporation intended and had the ability to hold the investment securities and was not likely to be required to sell the securities before realizing a full recovery. Contractual maturities of investment securities as of June 30, 2020 and 2019 were as follows: June 30, 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 19,389 20,194 32,584 32,728 Due after five through ten years 50,895 52,315 35,306 36,090 Due after ten years 47,543 47,892 25,800 26,141 Total investment securities - held to maturity $ 118,627 $ 121,201 $ 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 4,583 4,717 5,757 5,969 Total investment securities - available for sale $ 4,583 $ 4,717 $ 5,757 $ 5,969 Total investment securities $ 123,210 $ 125,918 $ 99,847 $ 101,328

Loans Held for Investment

Loans Held for Investment	12 Months Ended
	Jun. 30, 2020
Loans Held for Investment
Loans Held for Investment	Note 3: Loans Held for Investment Loans held for investment consisted of the following at June 30, 2020 and 2019 : (In Thousands) June 30, 2020 June 30, 2019 Mortgage loans: Single-family $ 298,810 $ 324,952 Multi-family 491,903 439,041 Commercial real estate 105,235 111,928 Construction 7,801 4,638 Other 143 167 Commercial business loans 480 478 Consumer loans 94 134 Total loans held for investment, gross 904,466 881,338 Advance payments of escrows 68 53 Deferred loan costs, net 6,527 5,610 Allowance for loan losses (8,265) (7,076) Total loans held for investment, net $ 902,796 $ 879,925 The following table sets forth information at June 30, 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 1% and 2% of loans held for investment at June 30, 2020 and June 30, 2019, respectively. Adjustable rate loans having no stated repricing date 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 (In Thousands) Within One Year Through 3 Years Through 5 Years Through 10 Years Fixed Rate Total Mortgage loans: Single-family $ 80,167 $ 54,690 $ 89,820 $ 65,902 $ 8,231 $ 298,810 Multi-family 161,881 156,014 157,783 16,069 156 491,903 Commercial real estate 48,343 27,542 29,010 — 340 105,235 Construction 6,041 — — — 1,760 7,801 Other — — — — 143 143 Commercial business loans 85 — — — 395 480 Consumer loans 94 — — — — 94 Total loans held for investment, gross $ 296,611 $ 238,246 $ 276,613 $ 81,971 $ 11,025 $ 904,466 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, among others. 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 however still acceptable credit risk. The likelihood of loss is considered remote. § Special Mention - A special mention asset 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 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 Bank is not warranted. The following tables summarize gross loans held for investment by loan types and risk category at the dates indicated: June 30, 2020 Commercial Commercial (In Thousands) Single-family Multi-family Real Estate Construction Other Mortgage Business Consumer Total Pass $ 289,942 $ 488,126 $ 105,235 $ 6,098 $ 143 $ 445 $ 94 $ 890,083 Special Mention 3,120 3,777 — 1,703 — — — 8,600 Substandard 5,748 — — — — 35 — 5,783 Total loans held for investment, gross $ 298,810 $ 491,903 $ 105,235 $ 7,801 $ 143 $ 480 $ 94 $ 904,466 June 30, 2019 Commercial Other Commercial (In Thousands) Single-family Multi-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. Provisions (recoveries) for loan losses are 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 the Corporation to significantly increase 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 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 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, individually evaluated allowances are calculated based on their fair values and if their fair values are higher than their loan balances, no allowances are required. 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. Year Ended June 30, 2020 Commercial Commercial (In Thousands) Single-family Multi-family Real Estate Construction Other Mortgage Business Consumer Total Allowance at beginning of period $ 2,709 $ 3,219 $ 1,050 $ 61 $ 3 $ 26 $ 8 $ 7,076 Provision (recovery) for loan losses (156) 1,110 60 110 — (2) (3) 1,119 Recoveries 70 — — — — — 2 72 Charge-offs (1) — — — — — (1) (2) Allowance for loan losses, end of period $ 2,622 $ 4,329 $ 1,110 $ 171 $ 3 $ 24 $ 6 $ 8,265 Allowance: Individually evaluated for impairment $ 96 $ — $ — $ — $ — $ 4 $ — $ 100 Collectively evaluated for impairment 2,526 4,329 1,110 171 3 20 6 8,165 Allowance for loan losses, end of period $ 2,622 $ 4,329 $ 1,110 $ 171 $ 3 $ 24 $ 6 $ 8,265 Gross Loans: Individually evaluated for impairment $ 3,371 $ — $ — $ — $ — $ 35 $ — $ 3,406 Collectively evaluated for impairment 295,439 491,903 105,235 7,801 143 445 94 901,060 Total loans held for investment, gross $ 298,810 $ 491,903 $ 105,235 $ 7,801 $ 143 $ 480 $ 94 $ 904,466 Allowance for loan losses as a percentage of gross loans held for investment 0.88 % 0.88 % 1.05 % 2.19 % 2.10 % 5.00 % 6.38 % 0.91 % Year Ended June 30, 2019 Commercial Commercial (In Thousands) Single-family Multi-family Real Estate Construction Other Mortgage Business Consumer Total Allowance at beginning of period $ 2,783 $ 3,492 $ 1,030 $ 47 $ 3 $ 24 $ 6 $ 7,385 Provision (recovery)for loan losses (241) (273) 20 14 — — 5 (475) Recoveries 198 — — — — 2 — 200 Charge-offs (31) — — — — — (3) (34) Allowance for loan losses, end of period $ 2,709 $ 3,219 $ 1,050 $ 61 $ 3 $ 26 $ 8 $ 7,076 Allowance: Individually evaluated for impairment $ 122 $ — $ — $ — $ — $ 8 $ — $ 130 Collectively evaluated for impairment 2,587 3,219 1,050 61 3 18 8 6,946 Allowance for loan losses, end of period $ 2,709 $ 3,219 $ 1,050 $ 61 $ 3 $ 26 $ 8 $ 7,076 Gross Loans: Individually evaluated for impairment $ 5,199 $ — $ — $ 971 $ — $ 49 $ — $ 6,219 Collectively evaluated for impairment 319,753 439,041 111,928 3,667 167 429 134 875,119 Total loans held for investment, gross $ 324,952 $ 439,041 $ 111,928 $ 4,638 $ 167 $ 478 $ 134 $ 881,338 Allowance for loan losses as a percentage of gross loans held for investment 0.83 % 0.73 % 0.94 % 1.32 % 1.80 % 5.44 % 5.97 % 0.80 % The following summarizes the components of the net change in the allowance for loan losses for the periods indicated: Year Ended June 30, (In Thousands) 2020 2019 Balance, beginning of year $ 7,076 $ 7,385 Provision (recovery) for loan losses 1,119 (475) Recoveries 72 200 Charge-offs (2) (34) Balance, end of year $ 8,265 $ 7,076 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 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 evaluation 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 or For the Year Ended June 30, 2020 Unpaid Net Average Interest Principal Related Recorded Recorded Recorded Income (In Thousands) Balance Charge-offs Investment Allowance (1) Investment Investment Recognized Mortgage loans: Single-family: With a related allowance $ 3,289 $ — $ 3,289 $ (438) $ 2,851 $ 1,541 $ 60 Without a related allowance (2) 2,509 (467) 2,042 — 2,042 2,572 119 Total single-family loans 5,798 (467) 5,331 (438) 4,893 4,113 179 Construction: Without a related allowance (2) — — — — — 271 20 Total construction loans — — — — — 271 20 Commercial business loans: With a related allowance 35 — 35 (4) 31 42 4 Total commercial business loans 35 — 35 (4) 31 42 4 Total non-performing loans $ 5,833 $ (467) $ 5,366 $ (442) $ 4,924 $ 4,426 $ 203 (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 or For the Year Ended June 30, 2019 Unpaid Related Net Average Interest Principal Charge-offs Recorded Recorded Recorded Income (In Thousands) Balance Related Investment Allowance (1) Investment Investment Recognized Mortgage loans: Single-family: With a related allowance $ 2,640 $ — $ 2,640 $ (434) $ 2,206 $ 1,583 $ 110 Without a related allowance (2) 3,518 (518) 3,000 — 3,000 4,301 293 Total single-family loans 6,158 (518) 5,640 (434) 5,206 5,884 403 Construction: Without a related allowance (2) 971 — 971 — 971 664 — Total construction loans 971 — 971 — 971 664 — Commercial business loans: With a related allowance 49 — 49 (8) 41 58 5 Total commercial business loans 49 — 49 (8) 41 58 5 Total non-performing loans $ 7,178 $ (518) $ 6,660 $ (442) $ 6,218 $ 6,606 $ 408 (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. On March 27, 2020, the CARES Act was signed into law and on April 7, 2020, the Board of Governors of the Federal Reserve System, FDIC, National Credit Union Administration, OCC and consumer Financial Protection Bureau issued Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus ("Interagency Statement"). Among other things, the CARES Act and Interagency Statement provided relief to borrowers, including the opportunity to defer loan payments while not negatively affecting their credit standing. For commercial and consumer customers, the Corporation has provided relief options, including payment deferrals and fee waivers. All loans modified due to COVID-19 will be separately monitored and any request for continuation of relief beyond the initial modification will be reassessed at that time to determine if a further modification should be granted and if a downgrade in risk rating is appropriate. As of June 30, 2020, loan forbearance related to COVID-19 hardship requests are described below: Forbearance Granted Forbearance Completed Forbearance Remaining Number of Number of Number of (Dollars In Thousands) Loans Amount Loans Amount Loans Amount Single-family loans 52 $ 21,470 4 $ 1,579 48 $ 19,891 Multi-family loans 3 1,592 — — 3 1,592 Commercial real estate loans 2 1,071 — — 2 1,071 Total loan forbearance 57 $ 24,133 4 $ 1,579 53 $ 22,554 As of June 30, 2020, loan forbearance outstanding balances are described below: Weighted Weighted Avg. % of Weighted Avg. Debt Forbearance Number Total Weighted Avg. Coverage Period (Dollars In Thousands) of Loans Amount Loans Avg. LTV (1) FICO (2) Ratio (3) Granted (4) Single-family loans 48 $ 19,891 2.20 % 64 % 727 N/A 6.0 Multi-family loans 3 1,592 0.17 % 41 % 719 1.65x 3.3 Commercial real estate loans (5) 2 1,071 0.12 % 31 % 755 1.36x 3.5 Total loans in forbearance 53 $ 22,554 2.49 % 61 % 727 1.53x 5.7 (1) Current loan balance in comparison to the original appraised value. (2) At time of loan origination, borrowers and/or guarantors. (3) At time of loan origination. (4) In months. (5) Comprised of $579 thousand in Office and $493 thousand in Mixed Used – Office/Single-Family Residential. In addition, as of June 30, 2020, the Bank had pending requests for payment relief for an additional seven single-family loans totaling approximately $2.6 million. After the payment deferral period, normal loan payments will once again become due and payable. The forbearance amount will be due and payable in full as a balloon payment at the end of the loan term or sooner if the loan becomes due and payable in full at an earlier date. The Corporation believes the steps we are taking are necessary to effectively manage its portfolio and assist the borrowers through the ongoing uncertainty surrounding the duration, impact and government response to the COVID-19 pandemic. At June 30, 2020 and 2019 , there were no commitments to lend additional funds to those borrowers whose loans were classified as non-performing, except for one construction loan with undisbursed loan funds of $1.0 million at June 30, 2019. During the fiscal years ended June 30, 2020 and 2019, the Corporation’s average investment in non-performing loans was $4.4 million and $6.6 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 fiscal year ended June 30, 2020, the Bank received $312,000 in interest payments from non-performing loans, of which $203,000 was recognized as interest income. The remaining $109,000 was applied to reduce the loan balances under the cost recovery method. In comparison, for the fiscal year ended June 30, 2019, the Bank received $574,000 in interest payments from non-performing loans, of which $408,000 was recognized as interest income. The remaining $166,000 was applied to reduce the loan balances under the cost recovery method. The following tables denote the past due status of the Corporation’s loans held for investment, gross, at the dates indicated. June 30, 2020 30-89 Days Past Total Loans Held for (In Thousands) Current Due Non-Accrual (1) Investment, Gross Mortgage loans: Single-family $ 293,326 $ 219 $ 5,265 $ 298,810 Multi-family 491,903 — — 491,903 Commercial real estate 105,235 — — 105,235 Construction 7,801 — — 7,801 Other 143 — — 143 Commercial business loans 445 — 35 480 Consumer loans 94 — — 94 Total loans held for investment, gross $ 898,947 $ 219 $ 5,300 $ 904,466 (1) All loans 90 days or greater past due are placed on non-accrual status. June 30, 2019 30-89 Days Past Total Loans Held for (In Thousands) Current 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. For the fiscal year ended June 30, 2020, there were two loans that were newly modified from their original terms, re-underwritten or identified as a restructured loan; one loan (previously modified) was downgraded; one loan was upgraded to the pass category; two loans were paid off; and no loans were converted to real estate owned. For the fiscal year ended June 30, 2019, there were no loans that were newly modified from their original terms, re-underwritten or identified as a restructured loan; one loan (previously modified) was downgraded; three loans were upgraded to the pass category; one loan was paid off; and no loans were converted to real estate owned. During the fiscal years ended June 30, 2020 and 2019, no restructured loans were in default within a 12-month period subsequent to their original restructuring. Additionally, during the fiscal year ended June 30, 2020, there were no restructured loans that were extended beyond the initial maturity of the modification; while in fiscal 2019, there was one restructured loan of $56,000 that was extended beyond the initial maturity of the modification. As of June 30, 2020, the net outstanding balance of the Corporation's eight restructured loans was $2.6 million, all were classified as substandard on non-accrual status. As of June 30, 2020, $1.2 million, or 44 percent, of the restructured loans were current with respect to their payment status, consistent with modified terms. As of June 30, 2019, the net outstanding balance of the Corporation's eight restructured loans was $3.8 million: one was classified as special mention on accrual status ($437,000); one was classified as substandard on accrual status ($1.4 million); and six were classified as substandard on non-accrual status ($1.9 million). As of June 30, 2019, $1.2 million, or 44 percent, of the restructured loans were current with respect to their payment status, consistent with modified terms. At both June 30, 2020 and June 30, 2019, there were no commitments to lend additional funds to those borrowers whose loans were restructured. The following table summarizes at the dates indicated the restructured loan balances, net of allowance for loan losses or charge-offs, by loan type and non-accrual versus accrual status at June 30, 2020 and 2019 : At June 30, (In Thousands) 2020 2019 Restructured loans on non-accrual status: Mortgage loans: Single-family $ 2,612 $ 1,891 Commercial business loans 31 41 Total 2,643 1,932 Restructured loans on accrual status: Mortgage loans: Single-family — 1,861 Total — 1,861 Total restructured loans $ 2,643 $ 3,793 The following tables show the restructured loans by type, net of allowance for loan losses or charge-offs, at June 30, 2020 and 2019 : At June 30, 2020 Unpaid Net Principal Related Recorded Recorded (In Thousands) Balance Charge-offs Investment Allowance (1) Investment Mortgage loans: Single-family: With a related allowance $ 1,650 $ — $ 1,650 $ (108) $ 1,542 Without a related allowance (2) 1,435 (365) 1,070 — 1,070 Total single-family 3,085 (365) 2,720 (108) 2,612 Commercial business loans: With a related allowance 35 — 35 (4) 31 Total commercial business loans 35 — 35 (4) 31 Total restructured loans $ 3,120 $ (365) $ 2,755 $ (112) $ 2,643 (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. In the ordinary course of business, the Bank makes loans to its directors, officers and employees on substantially the same terms prevailing at the time of origination for comparable transactions with unaffiliated borrowers. The following is a summary of related-party loan activity: Year Ended June 30, (In Thousands) 2020 2019 Balance, beginning of year $ 2 $ 677 Originations — — Sales and payments (1) (675) Balance, end of year $ 1 $ 2 As of June 30, 2020 and 2019, all of the related-party loans were performing in accordance with their original contractual terms.

Mortgage Loan Servicing and Loa

Mortgage Loan Servicing and Loans Originated for Sale	12 Months Ended
	Jun. 30, 2020
Mortgage Loan Servicing and Loans Originated for Sale
Mortgage Loan Servicing and Loans Originated for Sale	Note 4: Mortgage Loan Servicing and Loans Originated for Sale The following summarizes the unpaid principal balance of loans serviced for others by the Corporation at the dates indicated: At June 30, (In Thousands) 2020 2019 Loans serviced for Freddie Mac $ 14,210 $ 18,613 Loans serviced for Fannie Mae 64,910 89,910 Loans serviced for FHLB – San Francisco 7,385 9,724 Loans serviced for other investors — 1,989 Total loans serviced for others $ 86,505 $ 120,236 MSA are recorded when loans are sold to investors and the servicing of those loans is retained by the Bank. MSA are subject to interest rate risk and may become impaired when interest rates fall and the borrowers refinance or prepay their mortgage loans. The MSA are derived primarily from single-family loans. Servicing loans for others generally consists of collecting mortgage payments, maintaining escrow accounts, disbursing payments to investors and processing foreclosures. Income from servicing loans is reported as loan servicing and other fees in the Corporation’s Consolidated Statements of Operations, and the amortization of MSA is reported as a reduction to the loan servicing income. Loan servicing income includes servicing fees from investors and certain fees collected from borrowers, such as late payment fees. As of June 30, 2020 and 2019, the Corporation held borrowers’ escrow balances related to loans serviced for others of $377,000 and $539,000, respectively. In estimating fair values of the MSA at June 30, 2020 and 2019, the Corporation used a weighted-average constant prepayment rate (“CPR”) of 26.07% and 23.86%, respectively, and a weighted-average discount rate of 9.11% at both dates. Management obtained CPR estimates from an independent third party and reviewed for reasonableness given current market data. The discount rates were derived from market data. The MSA, which is included in prepaid expenses and other assets in the Consolidated Statements of Financial Condition, had a carrying value of $673,000 and a fair value of $382,000 at June 30, 2020. This compares to the MSA at June 30, 2019 which had a carrying value of $925,000 and a fair value of $627,000. An allowance may be recorded to adjust the carrying value of the MSA to the lower of cost or fair value. As of June 30, 2020, a total allowance of $291,000 was required for MSA, compared to a total allowance of $298,000 for MSA as of June 30, 2019. Total additions to the MSA during the years ended June 30, 2020 and 2019 were $0 and $52,000, respectively. Total amortization of the MSA during the years ended June 30, 2020 and 2019 was $252,000 and $125,000, respectively. Loans sold to the FHLB – San Francisco were completed under the MPF Program, which entitles the Bank to a credit enhancement fee collected from FHLB – San Francisco on a monthly basis and is described in Note 1 under Loans originated and held for sale. The following table summarizes the Corporation’s MSA for years ended June 30, 2020 and 2019: Year Ended June 30, (Dollars In Thousands) 2020 2019 MSA balance, beginning of fiscal year $ 925 $ 998 Additions — 52 Amortization (252) (125) MSA balance, end of fiscal year, before allowance 673 925 Allowance (291) (298) MSA balance, end of fiscal year $ 382 $ 627 Fair value, beginning of fiscal year $ 627 $ 1,015 Fair value, end of fiscal year $ 382 $ 627 Allowance, beginning of fiscal year $ 298 $ 82 Impairment (recovery) provision (7) 216 Allowance, end of fiscal year $ 291 $ 298 Key Assumptions: Weighted-average discount rate 9.11 % 9.11 % Weighted-average prepayment speed 26.07 % 23.86 % The following table summarizes the estimated future amortization of MSA for the next five years and thereafter: Amount Year Ending June 30, (In Thousands) 2021 $ 129 2022 103 2023 74 2024 51 2025 35 Thereafter 281 Total estimated amortization expense $ 673 The following table represents the hypothetical effect on the fair value of the Corporation’s MSA using an unfavorable shock analysis of certain key valuation assumptions as of June 30, 2020 and 2019. This analysis is presented for hypothetical purposes only. As the amounts indicate, changes in fair value based on changes in assumptions generally cannot be extrapolated because the relationship of the change in assumptions to the change in fair value may not be linear. Year Ended June 30, (Dollars In Thousands) 2020 2019 MSA net carrying value $ 382 $ 627 CPR assumption (weighted-average) 26.07 % 23.86 % Impact on fair value with 10% adverse change in prepayment speed $ (19) $ (30) Impact on fair value with 20% adverse change in prepayment speed $ (35) $ (58) Discount rate assumption (weighted-average) 9.11 % 9.11 % Impact on fair value with 10% adverse change in discount rate $ (12) $ (20) Impact on fair value with 20% adverse change in discount rate $ (23) $ (40) Loans sold consisted of the following for the years indicated: Year Ended June 30, (In Thousands) 2020 2019 Loans sold: Servicing – released $ — $ 551,754 Servicing – retained — 7,196 Total loans sold $ — $ 558,950 Consistent with the Corporation’s announcement on February 4, 2019 to scale back operations related to the origination of saleable single-family mortgage loans and improve on its efforts to increase the volume of portfolio single-family mortgage loan originations, there were no loans sold in fiscal 2020, as compared to $559.0 million in fiscal 2019; and there were no outstanding loans held for sale at June 30, 2020 and June 30, 2019.

Leases

Leases	12 Months Ended
	Jun. 30, 2020
Leases
Leases	Note 5: 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 consolidated statements of financial condition. At June 30, 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 fiscal year ended June 30, 2020, expenses associated with the Corporation’s leases totaled $825,000, and was recorded in premises and occupancy expenses and equipment expenses in the consolidated statements of operations. The following table presents supplemental information related to operating leases at the date and for the periods indicated: (In Thousands) Year Ended As of June 30, 2020 June 30, 2020 Consolidated Statements of Condition: Premises and equipment - Operating lease right of use assets $ 2,525 Accounts payable, accrued interest and other liabilities – Operating lease liabilities $ 2,640 Consolidated Statements of Operations: Premises and occupancy expenses from operating leases (1) (2) $ 768 Equipment expenses from operating leases $ 57 Consolidated Statements of Cash Flows: Operating cash flows from operating leases, net (2) $ 1,035 (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 June 30, 2020: Amount (1) Year Ending June 30, (In Thousands) 2021 $ 750 2022 671 2023 469 2024 359 2025 255 Thereafter 275 Total contract lease payments $ 2,779 Total liability to make lease payments $ 2,640 Difference in undiscounted and discounted future lease payments $ 139 Weighted average discount rate 2.16 % Weighted average remaining lease term (years) 4.6 (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 consolidated statements of financial condition as of July 1, 2019: Adjustments June 30, due to new July 1, June 30, (In Thousands) 2019 lease guidance 2019 2020 Total assets $ 1,084,850 $ 3,399 $ 1,088,249 $ 1,176,837 Total liabilities $ 964,209 $ 3,704 $ 967,913 $ 1,052,861 Total equity $ 120,641 $ — $ 120,641 $ 123,976

Premises and Equipment

Premises and Equipment	12 Months Ended
	Jun. 30, 2020
Premises and Equipment
Premises and Equipment	Note 6: Premises and Equipment Premises and equipment at June 30, 2020 and 2019 consisted of the following: June 30, (In Thousands) 2020 2019 Land $ 2,853 $ 2,853 Buildings 9,734 9,759 Leasehold improvements 3,243 3,252 Furniture and equipment 5,290 5,438 Automobiles 167 170 Operating lease – right of use assets (1) 2,525 — 23,812 21,472 Less accumulated depreciation and amortization (13,558) (13,246) Total premises and equipment, net $ 10,254 $ 8,226 (1) Net of accumulated amortization. Depreciation and amortization expense for the years ended June 30, 2020 and 2019 amounted to $1.5 million and $881,000, respectively.

Deposits

Deposits	12 Months Ended
	Jun. 30, 2020
Capital
Deposits	Note 7: Deposits Deposits at June 30, 2020 and 2019 consisted of the following: June 30, 2020 June 30, 2019 (Dollars in Thousands) Interest Rate Amount Interest Rate Amount Checking deposits – non interest-bearing — $ 118,771 — $ 90,184 Checking deposits – interest-bearing (1) 0% - 0.25 % 290,463 0% - 0.30 % 257,909 Savings deposits (1) 0% - 1.00 % 273,769 0% - 1.29 % 264,387 Money market deposits (1) 0% - 2.00 % 39,989 0% - 2.00 % 35,646 Time deposits: (1) Under $100 0.00% - 2.13 % 82,180 0.00% - 2.13 % 94,200 $100 and over 0.15% - 2.13 % 87,797 0.15% - 2.52 % 98,945 Total deposits $ 892,969 $ 841,271 Weighted-average interest rate on deposits % % (1) Certain interest-bearing checking, savings, money market and time deposits require a minimum balance to earn interest. The aggregate annual maturities of time deposits at June 30, 2020 and 2019 were as follows: June 30, (In Thousands) 2020 2019 One year or less $ 90,576 $ 106,080 Over one to two years 33,995 37,117 Over two to three years 25,937 26,334 Over three to four years 8,184 15,135 Over four to five years 10,350 7,784 Over five years 935 695 Total time deposits $ 169,977 $ 193,145 Interest expense on deposits for the periods indicated is summarized as follows: Year Ended June 30, (In Thousands) 2020 2019 Checking deposits – interest-bearing $ 314 $ 305 Savings deposits 496 572 Money market deposits 110 123 Time deposits 2,023 2,381 Total interest expense on deposits $ 2,943 $ 3,381 The Bank is required to maintain reserve balances with the Federal Reserve Bank of San Francisco. Such reserves are calculated based on deposit balances and are offset by the cash balances maintained by the Bank. The cash balances maintained by the Bank at June 30, 2020 and 2019 were sufficient to cover the reserve requirements.

Borrowings

Borrowings	12 Months Ended
	Jun. 30, 2020
Capital
Borrowings	Note 8: Borrowings Advances from the FHLB – San Francisco, which mature on various dates through 2025, are collateralized by pledges of certain real estate loans with an aggregate balance at June 30, 2020 and 2019 of $658.7 million and $643.0 million, respectively. In addition, the Bank pledged investment securities totaling $2.2 million and $3.2 million to collateralize its FHLB – San Francisco advances under the Securities-Backed Credit (“SBC”) program at June 30, 2020 and 2019, respectively. At June 30, 2020, the Bank’s FHLB – San Francisco borrowing capacity, which is limited to 35% of total assets reported on the Bank’s quarterly Call Report, was approximately $387.6 million and $391.8 million at June 30, 2020 and 2019, respectively. As of June 30, 2020 and 2019, the remaining/available borrowing facility was $228.1 million and $275.2 million, respectively, and the remaining/available collateral was $351.5 million and $434.7 million, respectively. In addition, as of June 30, 2020 and 2019, the Bank had a $94.4 million and $74.2 million discount window facility, respectively, at the Federal Reserve Bank of San Francisco, collateralized by investment securities with a fair market value of $100.4 million and $79.0 million, respectively. As of June 30, 2020 and 2019, the Bank also had a borrowing arrangement in the form of a federal funds facility with its correspondent bank for $17.0 million at both dates. The Bank intends to request a renewal of its borrowing arrangement with the correspondent bank prior to maturity. As of both June 30, 2020 and 2019, there were no outstanding borrowings under the discount window facility or the federal funds facility with the correspondent bank. Borrowings at June 30, 2020 and 2019 consisted of the following: June 30, (In Thousands) 2020 2019 FHLB - San Francisco advances $ 141,047 $ 101,107 Borrowings, consisting of FHLB – San Francisco advances, at June 30, 2020 and 2019 were $141.1 million and $101.1 million, respectively. In addition to the total borrowings described above, the Bank utilizes its borrowing facility for letters of credit and MPF credit enhancement. The outstanding letters of credit at June 30, 2020 and 2019 were $16.0 million and $13.0 million, respectively; and the outstanding MPF credit enhancement was $2.5 million at both, June 30, 2020 and June 30, 2019. As a member of the FHLB – San Francisco, the Bank is required to maintain a minimum investment in FHLB – San Francisco capital stock. The Bank held a stock investment of $8.0 million with excess capital stock of $1.1 million at June 30, 2020. This compares to a required stock investment of $8.2 million with excess capital stock of $470,000 at June 30, 2019. During fiscal 2020, the FHLB – San Francisco redeemed $229,000 of the excess capital stock, while the Bank did not purchase any FHLB - San Francisco capital stock. During fiscal 2019, the FHLB – San Francisco did not redeem any capital stock and the Bank did not purchase any FHLB - San Francisco capital stock. In fiscal 2020 and 2019, the FHLB – San Francisco distributed $534,000 and $707,000 of cash dividends, respectively, to the Bank. The cash dividends received by the Bank in fiscal 2019 included a special cash dividend of $133,000. The following tables set forth certain information regarding borrowings by the Bank at the dates and for the years indicated: At or For the Year Ended June 30, (Dollars in Thousands) 2020 2019 Balance outstanding at the end of year: FHLB - San Francisco advances $ 141,047 $ 101,107 Weighted-average rate at the end of year: FHLB - San Francisco advances 2.23 % 2.62 % Maximum amount of borrowings outstanding at any month end: FHLB - San Francisco advances $ 141,057 $ 136,158 Average short-term borrowings during the year with respect to: (1) FHLB - San Francisco advances $ 11,562 $ 8,425 Weighted-average short-term borrowing rate during the year with respect to: (1) FHLB - San Francisco advances 3.30 % 1.69 % (1) Borrowings with a remaining term of 12 months or less. The aggregate annual contractual maturities of borrowings at June 30, 2020 and 2019 were as follows: June 30, (Dollars in Thousands) 2020 2019 Within one year $ 30,000 $ — Over one to two years 31,047 20,000 Over two to three years 30,000 21,107 Over three to four years 30,000 10,000 Over four to five years 20,000 30,000 Over five years — 20,000 Total borrowings $ 141,047 $ 101,107 Weighted average interest rate 2.23 % 2.62 %

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2020
Income Taxes
Income Taxes	Note 9: Income Taxes ASC 740, “Income Taxes,” requires the affirmative evaluation that it is more likely than not, based on the technical merits of a tax position, that an enterprise is entitled to economic benefits resulting from positions taken in income tax returns. If a tax position does not meet the more-likely-than-not recognition threshold, the benefit of that position is not recognized in the financial statements. Management has determined that there were no unrecognized tax benefits to be reported in the Corporation’s consolidated financial statements for the years ended June 30, 2020 and 2019. Under generally accepted accounting principles, the Corporation uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled On March 18, 2020, President Trump signed into law H.R.6201/P.L. 116-27, "An Act making emergency supplemental appropriations", the legislation more commonly known as the Families First Coronavirus Response Act (the "Families First Act"). Additionally, on March 27, 2020, President Trump signed into law H.R. 748/Public Law No. 116-36, "An Act to provide emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic, the "CARES Act. Pursuant to ASC 740-10-25-47, the effects of the new federal legislation are recognized upon enactment, which is the date the president signs a bill into law. The Corporation believes it has applied the provisions of the Families First Act and CARES act in accordance with ASC 740. The Corporation’s effective tax rate may differ from the estimated statutory tax rates described above due to discrete items such as further adjustments to net deferred tax assets, excess tax benefits derived from stock option exercises and non-taxable earnings from bank owned life insurance, among other items. The Corporation utilizes the asset and liability method of accounting for income taxes whereby deferred tax assets are recognized for deductible temporary differences and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. The provision for income taxes for the periods indicated consisted of the following: Year Ended June 30, (In Thousands) 2020 2019 Current: Federal $ 1,742 $ 445 State 919 408 2,661 853 Deferred: Federal 291 478 State 261 172 552 650 Provision for income taxes $ 3,213 $ 1,503 The Corporation’s tax benefit from non-qualified equity compensation recognized in the Consolidated Statements of Operations in connection with the adoption of ASU 2016‑09 for fiscal 2020 and 2019 was $8,000 and $147,000, respectively. The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to net income before income taxes as a result of the following differences for the periods indicated: Year Ended June 30, 2020 2019 (In Thousands) Amount Tax Rate Amount Tax Rate Federal income tax at statutory rate $ 2,289 21.00 % $ 1,243 21.00 % State income tax, net of federal income tax benefit 930 8.53 % 456 7.70 % Changes in taxes resulting from: Bank-owned life insurance (40) (0.36) % (39) (0.66) % Non-deductible expenses 41 0.37 % 21 0.35 % Non-deductible stock-based compensation (10) (0.09) % (2) (0.03) % Excess tax benefit on stock-based compensation (7) (0.07) % (104) (1.77) % Return to provision adjustment 7 0.06 % (77) (1.29) % Other 3 0.02 % 5 0.08 % Effective income tax $ 3,213 29.46 % $ 1,503 25.38 % Deferred tax assets at June 30, 2020 and 2019 by jurisdiction were as follows: June 30, (In Thousands) 2020 2019 Deferred taxes - federal $ 1,908 $ 2,178 Deferred taxes - state 1,103 1,361 Total net deferred tax assets $ 3,011 $ 3,539 Net deferred tax assets at June 30, 2020 and 2019 were comprised of the following: June 30, (In Thousands) 2020 2019 Loss reserves $ 3,034 $ 2,685 Non-accrued interest 326 483 Deferred compensation 2,824 2,396 Accrued vacation 177 124 Depreciation 90 95 Litigation reserves — 876 Other 395 588 Total deferred tax assets 6,846 7,247 FHLB - San Francisco stock dividends (645) (664) Prepaid expenses (41) (56) Unrealized gain on investment securities (40) (63) Unrealized gain on interest-only strips (4) (5) Deferred loan costs (3,071) (2,723) State tax (34) (197) Total deferred tax liabilities (3,835) (3,708) Net deferred tax assets $ 3,011 $ 3,539 The net deferred tax assets were included in prepaid expenses and other assets in the Consolidated Statements of Financial Condition. The Corporation analyzes the deferred tax assets to determine whether a valuation allowance is required based on the more likely than not criteria that such assets will be realized principally through future taxable income. This criteria takes into account the actual earnings and the estimates of future profitability. The Corporation may carryback net federal tax losses to the preceding five taxable years and forward to the succeeding 20 taxable years. At June 30, 2020 and 2019, the Corporation had no federal and state net tax loss carryforwards. Based on management’s consideration of historical and anticipated future income before income taxes, as well as the reversal period for the items giving rise to the deferred tax assets and liabilities, a valuation allowance was not considered necessary at June 30, 2020 and 2019 and management believes it is more likely than not the Corporation will realize its deferred tax asset. Retained earnings at June 30, 2020 and 2019 include approximately $9.0 million (pre‑1988 bad debt reserve for tax purposes) for which federal income tax of $3.1 million has not been provided. If the amounts that qualify as deductions for federal income tax purposes are later used for purposes other than for bad debt losses, including distribution in liquidation, they will be subject to federal income tax at the then-current corporate tax rate. If those amounts are not so used, they will not be subject to tax even in the event the Bank were to convert its charter from a thrift to a bank. The Corporation files income tax returns for the United States and California jurisdictions. The Internal Revenue Service has audited the Bank’s income tax returns through 1996 and the California Franchise Tax Board has audited the Bank through 1990. Also, the Internal Revenue Service completed a review of the Corporation’s income tax returns for fiscal 2006 and 2007; and the California Franchise Tax Board completed a review of the Corporation’s income tax returns for fiscal 2009 and 2010. Fiscal years of 2016 and thereafter remain subject to federal examination, while the California state tax returns for fiscal years 2015 and thereafter are subject to examination by state taxing authorities. It is the Corporation’s policy to record any penalties or interest charges arising from federal or state taxes as a component of income tax expense. For the fiscal year ended June 30, 2020 and 2019, there were no tax penalties and no interest charges arising from federal or state taxes.

Capital

Capital	12 Months Ended
	Jun. 30, 2020
Capital
Capital	Note 10: Capital The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Corporation’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Effective January 1, 2015 (with some changes transitioned into full effectiveness over two to four years), the Bank and the Corporation became subject to new capital adequacy requirements which were fully phased-in on January 1, 2019. Since the Corporation has less than $3.0 billion in assets, the capital guidelines apply on a bank only basis, and the Federal Reserve expects the holding company’s subsidiary bank to be well capitalized under the prompt corrective action regulations. The capital adequacy requirements are quantitative measures established by regulation that require the Bank to maintain minimum amounts and ratios of capital. The changes in capital requirements required a minimum ratio for common equity Tier 1 (“CET1”) capital, increased the Tier1 leverage and Tier 1 capital ratios, changed the risk-weightings of certain assets for purposes of the risk-based capital ratios, created an additional capital conservation buffer over the required capital ratios and changed what qualifies as capital for purposes of meeting these various capital requirements. Failure to meet minimum requirements can initiate certain mandatory and possibly additional discretionary actions by bank regulators that, if undertaken, could have a direct material effect on the Corporation’s financial statements. The Bank is required to maintain additional levels of Tier 1 common equity over the minimum risk-based capital levels before payment of dividends, repurchase of shares or payment of discretionary bonuses. In addition to the minimum CET1, Tier 1 and total capital ratios, the Bank must maintain a capital conservation buffer consisting of additional CET1 capital above the required minimum levels in order to avoid limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses based on percentages of eligible retained income that could be utilized for such actions. As of June 30, 2020, the capital conservation buffer required a minimum of 2.50% of risk weighted assets. For calendar 2019 and thereafter, the minimum requirements call for a Tier1 leverage ratio of 4.00%, a ratio of common equity Tier 1 capital ("CET1") to total risk-weighted assets (“CET1 risk-based ratio”) of 7.00%, a Tier 1 capital ratio of 8.50%, and a total capital ratio of 10.50%. Under the standards, in order to be considered well-capitalized, the Bank must have at minimum a Tier1 leverage ratio of 5%, a CET1 capital ratio of 6.50%, a Tier 1 capital ratio of 8.00%, and a total capital ratio of 10.00%. The Bank's actual and required minimum capital amounts and ratios at the dates indicated are as follows (dollars in thousands): Regulatory Requirements Minimum for Capital Minimum to Be Actual Adequacy Purposes (1) Well Capitalized Amount Ratio Amount Ratio Amount Ratio Provident Savings Bank, F.S.B.: As of June 30, 2020 Tier 1 leverage capital (to adjusted average assets) $ 116,967 10.13 % $ 46,188 4.00 % $ 57,735 5.00 % CET1 capital (to risk-weighted assets) $ 116,967 17.51 % $ 46,747 7.00 % $ 43,408 6.50 % Tier 1 capital (to risk-weighted assets) $ 116,967 17.51 % $ 56,765 8.50 % $ 53,426 8.00 % Total capital (to risk-weighted assets) $ 125,316 18.76 % $ 70,121 10.50 % $ 66,782 10.00 % As of June 30, 2019 Tier 1 leverage capital (to adjusted average assets) $ 115,009 10.50 % $ 43,824 4.00 % $ 54,779 5.00 % CET1 capital (to risk-weighted assets) $ 115,009 18.00 % $ 44,730 7.00 % $ 41,535 6.50 % Tier 1 capital (to risk-weighted assets) $ 115,009 18.00 % $ 54,314 8.50 % $ 51,119 8.00 % Total capital (to risk-weighted assets) $ 122,225 19.13 % $ 67,094 10.50 % $ 63,899 10.00 % (1) Inclusive of the conservation buffer of 2.50% for CET1 capital, Tier 1 capital and Total capital ratios. At June 30, 2020, the Bank exceeded all regulatory capital requirements. The Bank was categorized as "well-capitalized" at June 30, 2020 under the regulations of the OCC. The ability of the Corporation to pay dividends to stockholders depends primarily on the ability of the Bank to pay dividends to the Corporation. The Bank may not declare or pay cash dividends on or repurchase any of its shares of common stock, if the effect would cause stockholders’ equity to be reduced below applicable regulatory capital maintenance requirements or if such declaration and payment would otherwise violate regulatory requirements. Generally, savings institutions, such as the Bank, that before and after the proposed distribution are well-capitalized, may make capital distributions during any calendar year up to 100% of net income for the year-to-date plus retained net income for the two preceding years. However, an institution deemed to be in need of more than normal supervision or in troubled condition by the OCC may have its dividend authority restricted by the OCC. If the Bank, however, proposes to make a capital distribution when it does not meet its capital requirements (or will not following the proposed capital distribution) or that will exceed these net income-based limitations, it must obtain the OCC's approval prior to making such distribution. In addition, the Bank must file a prior written notice of a dividend with the Federal Reserve Board (“FRB”). The FRB or the OCC may object to a capital distribution based on safety and soundness concerns. Additional restrictions on Bank dividends may apply if the Bank fails the Qualified Thrift Lender test. In fiscal 2020 and 2019, the Bank declared $7.5 million of cash dividends to its parent, the Corporation, at both dates.

Benefit Plans

Benefit Plans	12 Months Ended
	Jun. 30, 2020
Benefit Plans
Benefit Plans	Note 11: Benefit Plans The Corporation has a 401(k) defined-contribution plan covering all employees meeting specific age and service requirements. Under the plan, employees may contribute to the plan from their pretax compensation up to the limits set by the Internal Revenue Service. The Corporation makes matching contributions up to 3% of a participants’ pretax compensation. Participants vest immediately in their own contributions with 100% vesting in the Corporation’s contributions occurring after six years of credited service. The Corporation’s expense for the plan was approximately $327,000 and $568,000 for the years ended June 30, 2020 and 2019, respectively. The Corporation has a multi-year employment agreement and a post-retirement compensation agreement with one executive officer and a post-retirement compensation agreement with another executive officer, which requires payments of certain benefits upon retirement. At June 30, 2020 and 2019, the accrued liability of the post-retirement compensation agreements was $6.1 million and $5.6 million, respectively; costs are being accrued and expensed annually. For fiscal 2020 and 2019, the accrued expense for these liabilities was $427,000 and $210,000, respectively. The current obligation for these post-retirement benefits was fully funded consistent with contractual requirements and actuarially determined estimates of the total future obligation. The Corporation invests in BOLI to provide sufficient funding for these post-retirement obligations. As of June 30, 2020 and 2019, the total outstanding cash surrender value of the BOLI was $7.8 million and $7.6 million, respectively. For fiscal 2020 and 2019, the total BOLI non-taxable income, net of mortality cost was $189,000 and $186,000, respectively. Employee Stock Ownership Plan The Corporation established an ESOP on June 27, 1996 for all employees who are age 21 or older and have completed one year of service with the Corporation during which they have served a minimum of 1,000 hours. The Corporation recognizes compensation expense when the Corporation contributes funds to the ESOP for the purchase of the Corporation’s common stock to be allocated to the ESOP participants. The Corporation's contribution to the ESOP plan is discretionary. During fiscal 2020, there were 32,000 shares that were purchased in the open market and no cash contributions to fulfill the annual discretionary allocation. This compares to fiscal 2019 when the Corporation purchased 28,000 shares in the open market and made $539,000 of cash contributions to fulfill the annual discretionary allocation. Since the annual contributions are discretionary, the benefits payable under the ESOP cannot be estimated. Benefits generally become 100% vested after six years of credited service. Vesting accelerates upon retirement, death or disability of the participant or in the event of a change in control of the Corporation. Forfeitures are reallocated among remaining participating employees in the same proportion as contributions. Benefits are payable upon death, retirement, early retirement, disability or separation from service. The net expense related to the ESOP for the years ended June 30, 2020 and 2019 was $602,000 and $1.1 million, respectively. Available shares and cash contributions, if any, are allocated every calendar year end; and the total allocated at December 31, 2019 were 40,000 shares and no cash contributions. This compares to 30,000 of shares and $539,000 of cash contributions allocated at December 31, 2018.

Incentive Plans

Incentive Plans	12 Months Ended
	Jun. 30, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Incentive Plans	Note 12: Incentive Plans As of June 30, 2020, the Corporation had three share-based compensation plans, which are described below. These plans are the 2013 Equity Incentive Plan (“2013 Plan”), the 2010 Equity Incentive Plan (“2010 Plan”) and the 2006 Equity Incentive Plan (“2006 Plan”). For the years ended June 30, 2020 and 2019, the compensation cost for these plans was $954,000 and $869,000, respectively. Equity Incentive Plans. The Corporation established and the shareholders approved the 2013 Plan, the 2010 Plan and the 2006 Plan (collectively, the “Plans”) for directors, advisory directors, directors emeriti, officers and employees of the Corporation and its subsidiary. The 2013 Plan authorizes 300,000 stock options and 300,000 shares of restricted stock. The 2013 Plan also provides that no person may be granted more than 60,000 stock options or 45,000 shares of restricted stock in any one year. The 2010 Plan authorizes 586,250 stock options and 288,750 shares of restricted stock. The 2010 Plan also provides that no person may be granted more than 117,250 stock options or 43,312 shares of restricted stock in any one year. The 2006 Plan authorized 365,000 stock options and 185,000 shares of restricted stock. No new awards can be granted from the 2006 Plan. Equity Incentive Plans - Stock Options. Under the Plans, options may not be granted at a price less than the fair market value at the date of the grant. Options typically vest over a five-year or shorter period as long as the director, advisory director, director emeritus, officer or employee remains in service to the Corporation. The options are exercisable after vesting for up to the remaining term of the original grant. The maximum term of the options granted is 10 years. The fair value of each option grant is estimated using the Black-Scholes option valuation model with the following assumptions as of the grant date for the periods indicated. The expected volatility is based on implied volatility from historical common stock closing prices for the prior 84 months. The expected dividend yield is based on the most recent quarterly dividend on an annualized basis. The expected term is based on the historical experience of all fully vested stock option grants and is reviewed annually. The risk-free interest rate is based on the U.S. Treasury note rate with a term similar to the underlying stock option on the particular grant date. Fiscal 2020 Fiscal 2019 Expected volatility — % % Weighted-average volatility — % % Expected dividend yield — % % Expected term (in years) — Risk-free interest rate — % % In fiscal 2020, there were no options granted under the Plans, while 16,250 options were exercised and no options were forfeited. In fiscal 2019, there were 90,000 options granted under the Plans, while 48,250 options were exercised and no options were forfeited. As of both June 30, 2020 and 2019, there were 57,500 options available for future grants under the Plans. The following tables summarize the stock option activity in the Plans during the years ended June 30, 2020 and 2019: Weighted- Weighted- Average Aggregate Average Remaining Intrinsic Exercise Contractual Value Options Shares Price Term (Years) ($000) Outstanding at June 30, 2018 529,000 $ 12.77 Granted 90,000 $ 20.19 Exercised (48,250) $ 11.45 Forfeited — $ — Outstanding at June 30, 2019 570,750 $ 14.05 5.21 $ 3,960 Vested and expected to vest at June 30, 2019 550,150 $ 13.82 5.05 $ 3,942 Exercisable at June 30, 2019 467,750 $ 12.72 4.25 $ 3,870 Outstanding at June 30, 2019 570,750 $ 14.05 Granted — $ — Exercised (16,250) $ 13.27 Forfeited — $ — Outstanding at June 30, 2020 554,500 $ 14.07 $ 807 Vested and expected to vest at June 30, 2020 533,900 $ 13.84 4.06 $ 534 Exercisable at June 30, 2020 451,500 $ 12.70 3.23 $ 807 As of June 30, 2020 and 2019, there was $211,000 and $292,000 of unrecognized compensation expense, respectively, related to unvested share-based compensation arrangements with respect to stock options issued under the Plans. The expense is expected to be recognized over a weighted-average period of 2.6 years and 3.4 years, respectively. The forfeiture rate during both fiscal 2020 and 2019 was 20 percent, and was calculated by using the historical forfeiture experience of all fully vested stock option grants which is reviewed annually. Equity Incentive Plans – Restricted Stock. The Corporation used 300,000 shares, 288,750 shares and 185,000 shares of its treasury stock to fund awards of restricted stock under the 2013 Plan, the 2010 Plan and the 2006 Plan, respectively. Awarded shares typically vest over a five-year or shorter period as long as the director, advisory director, director emeriti, officer or employee remains in service to the Corporation. Once vested, a recipient of restricted stock will have all rights of a shareholder, including the power to vote and the right to receive dividends. The Corporation recognizes compensation expense for the restricted stock awards based on the fair value of the shares at the award date. In fiscal 2020, no shares of restricted stock were awarded under the Plans or vested and distributed, while 8,000 shares were forfeited. In fiscal 2019, 224,500 shares of restricted stock were awarded under the Plans with 50% vesting after two years of service and 50% vesting after four years of service, while 89,500 shares were vested and distributed and no shares were forfeited. As of June 30, 2020 and 2019, there were 51,250 and 43,250 shares available for future awards under the Plans, respectively. No new awards can be granted from the 2006 Plan. The following table summarizes the restricted stock activity for the years ended June 30, 2020 and 2019: Weighted-Average Award Date Unvested Shares Shares Fair Value Unvested at June 30, 2018 98,500 $ 14.35 Awarded 224,500 $ 18.57 Vested (89,500) $ 13.97 Forfeited — $ — Unvested at June 30, 2019 233,500 $ 18.55 Expected to vest at June 30, 2019 186,800 $ 18.55 Unvested at June 30, 2019 233,500 $ 18.55 Awarded — $ — Vested — $ — Forfeited (8,000) $ 18.57 Unvested at June 30, 2020 225,500 $ 18.55 Expected to vest at June 30, 2020 180,400 $ 18.55 As of June 30, 2020 and 2019, the unrecognized compensation expense was $3.2 million and $4.2 million, respectively, related to unvested share-based compensation arrangements with respect to restricted stock issued under the Plans, and reported as a reduction to stockholders’ equity. This expense is expected to be recognized over a weighted-average period of 2.9 years and 3.9 years, respectively. Similar to stock options, a forfeiture rate of 20 percent has been applied to the restricted stock compensation expense calculations in fiscal 2020 and 2019. For the fiscal years ended June 30, 2020 and 2019, the fair value of shares vested and distributed was $0 and $1.6 million, respectively.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Jun. 30, 2020
Earnings Per Share
Earnings Per Share	Note 13: 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 June 30, 2020 and 2019, there were outstanding options to purchase 554,500 shares and 570,750 shares of the Corporation’s common stock, respectively, of which 419,500 shares and no shares, respectively, were excluded from the diluted EPS computation as their effect was anti-dilutive. As of June 30, 2020 and 2019, there were outstanding restricted stock awards of 225,500 shares and 233,500 shares, respectively. The following table provides the basic and diluted EPS computations for the fiscal years ended June 30, 2020 and 2019, respectively: For the Year Ended June 30, 2020 Income Shares Per-Share (Dollars in Thousands, Except Share Amount) (Numerator) (Denominator) Amount Basic EPS $ 7,689 7,467,577 $ 1.03 Effect of dilutive shares: Stock options 71,307 Restricted stock 37,298 Diluted EPS $ 7,689 7,576,182 $ 1.01 For the Year Ended June 30, 2019 Income Shares Per-Share (Dollars in Thousands, Except Share Amount) (Numerator) (Denominator) Amount Basic EPS $ 4,417 7,484,925 $ 0.59 Effect of dilutive shares: Stock options 95,960 Restricted stock 15,383 Diluted EPS $ 4,417 7,596,268 $ 0.58

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2020
Commitments and Contingencies.
Commitments and Contingencies	Note 14: Commitments and Contingencies Periodically, there have been various claims and lawsuits involving the Corporation, such as claims to enforce liens, condemnation proceedings on properties in which the Corporation holds security interests, claims involving the making and servicing of real property loans, employment matters and other issues in the ordinary course of and incidental to the Corporation’s business. These proceedings and the associated legal claims are often contested and the outcome of individual matters is not always predictable. Additionally, in some actions, it is difficult to assess potential exposure because the Corporation is still in the early stages of the litigation. The Corporation is not a party to any pending legal proceedings that it believes would have a material adverse effect on its financial condition, operations or cash flows. Cannon lawsuit: On August 6, 2015, a former employee, Christina Cannon, filed a lawsuit called Cannon vs. the Bank in the California Superior Court for the County of San Bernardino (the “Cannon lawsuit”). Cannon seeks to represent a class of all non-exempt employees in a class action lawsuit brought under California’s Unfair Competition Law, Business & Professions Code section 17200. The underlying claims include unpaid overtime (including off-the-clock work), meal and rest period violations, minimum wage violations, and failure to reimburse business expenses. On September 8, 2017, the attorneys for the plaintiffs in the Cannon lawsuit sent notification to the Bank and to the California Labor & Workforce Development Agency informing them of their intent to bring a claim under the Private Attorneys’ General Act of 2004 (“PAGA”) on behalf of all non-exempt employees and covering a variety of alleged wage and hour violations. On September 12, 2017, the Bank entered into a Memorandum of Understanding with the plaintiffs’ representatives to memorialize an agreement in principle to settle the pending Cannon lawsuit. The Memorandum of Understanding assumes class certification for purposes of the settlement only and provides for an aggregate settlement payment by the Bank of up to $2.8 million, which includes all settlement funds, the class representative enhancement award, settlement administrator’s expenses, any employer-side payroll taxes, and class counsel’s attorneys’ fees and costs. The Bank’s decision to settle this matter was the result of the significant legal costs, distraction from day-to-day operating activities and substantial resources that would be required to defend the Bank in protracted litigation. In addition, the Bank determined that the settlement would reduce the Bank’s potential exposure to damages, penalties, fines and plaintiffs’ legal fees in the event of an unfavorable outcome in a court trial. The settlement includes the dismissal of all claims against the Bank and related parties in the Cannon lawsuit and claim under the PAGA, without any admission of liability or wrongdoing attributed to the Bank. Because of the uncertainty surrounding this litigation, no litigation reserve had been previously established by the Bank resulting in the full $2.8 million settlement expense being recognized in the first quarter of fiscal 2019. On December 20, 2018, counsel in the Cannon lawsuit filed a Motion for Preliminary Approval of the Settlement in the California Superior Court for the County of San Bernardino. On April 12, 2019, this court granted preliminary approval of the settlement. On July 24, 2019, the California Superior Court for the County of San Bernardino, California granted final approval of the settlement in the Cannon vs. Bank lawsuit. On July 26, 2019, the final order was signed by this court and on August 6, 2019, the Bank forwarded the settlement amount to the class administrator. The total settlement was reduced to $2.5 million from $2.8 million, resulting in a $296,000 settlement expense recovery which was recognized in the first quarter of fiscal 2020. The Corporation conducts a portion of its operations in leased facilities and has maintenance contracts under non-cancelable agreements classified as operating leases, which include leases recorded under ASC 842 on liabilities for future lease obligations as well as assets representing the right to use the underlying leased assets (See Note 5 of the Notes to Consolidated Financial Statements). The following is a schedule of the Corporation’s lease and operating commitments: Amount Year Ending June 30, (In Thousands) 2021 $ 1,712 2022 1,524 2023 672 2024 383 2025 279 Thereafter 281 Total minimum payments required $ 4,851 Lease and operating commitment expense was approximately $1.7 million and $3.9 million for the years ended June 30, 2020 and 2019, respectively. The Bank sold single-family mortgage loans to unrelated third parties with standard representation and warranty provisions in the ordinary course of its business activities. Under these provisions, the Bank is required to repurchase any previously sold loan for which the representations or warranties of the Bank prove to be inaccurate, incomplete or misleading. In the event of a borrower default or fraud, pursuant to a breached representation or warranty, the Bank may be required to reimburse the investor for any losses suffered. As of both June 30, 2020 and 2019, the Bank maintained a non-contingent recourse liability related to these representations and warranties of $200,000. In addition, the Bank maintained a recourse liability of $70,000 and $50,000 at June 30, 2020 and 2019, respectively, for loans sold to the FHLB – San Francisco under the MPF program. In the ordinary course of business, the Corporation enters into contracts with third parties under which the third parties provide services on behalf of the Corporation. In many of these contracts, the Corporation agrees to indemnify the third party service provider under certain circumstances. The terms of the indemnity vary from contract to contract and the amount of the indemnification liability, if any, cannot be determined. The Corporation also enters into other contracts and agreements; such as, loan sale agreements, litigation settlement agreements, confidentiality agreements, loan servicing agreements, leases and subleases, among others, in which the Corporation agrees to indemnify third parties for acts by the Corporation’s agents, assignees and/or sub-lessees, and employees. Due to the nature of these indemnification provisions, the Corporation cannot calculate its aggregate potential exposure. Pursuant to their governing instruments, the Corporation and its subsidiaries provide indemnification to directors, officers, employees and, in some cases, agents of the Corporation against certain liabilities incurred as a result of their service on behalf of or at the request of the Corporation and its subsidiaries. It is not possible for the Corporation to determine the aggregate potential exposure resulting from the obligation to provide this indemnity.

Derivative and Other Financial

Derivative and Other Financial Instruments with Off-Balance Sheet Risks	12 Months Ended
	Jun. 30, 2020
Derivative and Other Financial Instruments with Off-Balance Sheet Risks
Derivative and Other Financial Instruments with Off-Balance Sheet Risks	Note 15: 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 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 June 30, 2020 and 2019, the Corporation had commitments to extend credit on loans to be held for investment of $13.6 million and $4.3 million, respectively. The following table provides information at the dates indicated regarding 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: June 30, Commitments 2020 2019 (In Thousands) Undisbursed loan funds – Construction loans $ 4,029 $ 6,592 Undisbursed lines of credit – Commercial business loans 935 1,003 Undisbursed lines of credit – Consumer loans 448 479 Commitments to extend credit on loans to be held for investment 13,579 4,254 Total $ 18,991 $ 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 years ended June 30, 2020 and 2019: Year Ended June 30, (In Thousands) 2020 2019 Balance, beginning of the year $ 141 $ 157 Recovery (15) (16) Balance, end of the year $ 126 $ 141 Consistent with the Corporation’s announcement on February 4, 2019 to scale back the origination of saleable single-family mortgage loans and improve on its efforts to increase the volume of portfolio single-family mortgage loan originations, the Corporation does not have any outstanding derivative and other financial instruments as of June 30, 2020 and 2019. 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, TBA MBS trades, put option contracts and call option contracts are recorded at fair value on the Consolidated Statements of Financial Condition. At June 30, 2020 and 2019, there were no fair value derivative balances included in other assets and other liabilities. The Corporation does not apply hedge accounting to its derivative financial instruments; therefore, all changes in fair value are recorded in the Consolidated Statements of Operations. The net impact of derivative financial instruments on the gain (loss) on sale of loans contained in the Consolidated Statements of Operations for the years ended June 30, 2020 and 2019 was as follows: Year Ended June 30, Derivative Financial Instruments 2020 2019 Commitments to extend credit on loans to be held for sale $ — $ (825) Mandatory loan sale commitments and TBA MBS trades — 440 Total net loss $ — $ (385)

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Jun. 30, 2020
Fair Value of Financial Instruments
Fair Value of Financial Instruments	Note 16: 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 single-family 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 June 30, 2020: Loans held for investment, at fair value $ 2,258 $ 2,369 $ (111) As of June 30, 2019: Loans held for investment, at fair value $ 5,094 $ 5,218 $ (124) 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, 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). 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 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 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 collateral. 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 fair value of interest-only strips is derived using the same assumptions that are used to value the related MSA (Level 3). 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 table presents information at the dates indicated about the Corporation’s assets measured at fair value on a recurring basis: Fair Value Measurement at June 30, 2020 Using: (In Thousands) Level 1 Level 2 Level 3 Total Assets: Investment securities - available for sale: U.S. government agency MBS $ — $ 2,943 $ — $ 2,943 U.S. government sponsored enterprise MBS — 1,577 — 1,577 Private issue CMO — — 197 197 Investment securities - available for sale — 4,520 197 4,717 Loans held for investment, at fair value — — 2,258 2,258 Interest-only strips — — 14 14 Total assets $ — $ 4,520 $ 2,469 $ 6,989 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 is a reconciliation of the beginning and ending balances during the periods shown of recurring fair value measurements recognized in the Consolidated Statements of Financial Condition using Level 3 inputs: Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3) Private Loans Held For Interest- Issue Investment, at fair Only (In Thousands) CMO value (1) Strips Total Beginning balance at June 30, 2019 $ 269 $ 5,094 $ 16 $ 5,379 Total gains or losses (realized/unrealized): Included in earnings — 13 — 13 Included in other comprehensive income (loss) (14) — (2) (16) Purchases — — — — Issuances — — — — Settlements (58) (2,849) — (2,907) Transfers in and/or out of Level 3 — — — — Ending balance at June 30, 2020 $ 197 $ 2,258 $ 14 $ 2,469 (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 interest rate characteristics. Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3) Private Loans Held For Interest- Loan Issue Investment, at fair Only Commit-ments to Manda-tory (In Thousands) CMO value (1) Strips Originate (2) Commit-ments (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 — 188 — (825) 19 (618) Included in other comprehensive income (loss) 4 — (7) — — (3) Purchases — — — — — — Issuances — — — — — — Settlements (85) (1,288) — — 13 (1,360) Transfers in and/or out of Level 3 — 960 — — — 960 Ending balance at June 30, 2019 $ 269 $ 5,094 $ 16 $ — $ — $ 5,379 (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 interest rate characteristics. (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 table presents information about the Corporation’s assets measured at fair value at the dates indicated on a nonrecurring basis: Fair Value Measurement at June 30, 2020 Using: (In Thousands) Level 1 Level 2 Level 3 Total Non-performing loans $ — $ 2,042 $ 2,882 $ 4,924 Mortgage servicing assets — — 382 382 Real estate owned, net — — — — Total $ — $ 2,042 $ 3,264 $ 5,306 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, including derivative financial instruments, which are measured at fair value and categorized within Level 3 as of June 30, 2020: Impact to Fair Value Valuation As of from an June 30, 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 (3.2)% - (3.5)% ((3.3))% Increase Loans held for investment, at fair value $ 2,258 Relative value analysis Broker quotes 98.0% - 106.1% (101.5)% of par Increase Credit risk factor 1.4% - 100.0% (6.2)% Decrease Non-performing loans (3) $ 1,573 Discounted cash flow Default rates 5.0% Decrease Non-performing loans (4) $ 1,309 Relative value analysis Credit risk factor 20.0% - 30.0% (20.1)% Decrease Mortgage servicing assets $ 382 Discounted cash flow Prepayment speed (CPR) 18.3% - 60.0% (26.1)% Decrease Discount rate 9.0% - 10.5% (9.1)% Decrease Interest-only strips $ 14 Discounted cash flow Prepayment speed (CPR) 18.3% - 24.2% (23.8)% Decrease Discount rate 9.0% 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) Consist of restructured loans. (4) Consist 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: CMO offered quotes, prepayment speeds and discount rates, 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. For the fiscal year ended June 30, 2020, there were no significant changes to the Corporation's valuation techniques and inputs that had, or are expected to have, a material impact on its consolidated financial position or results of operations. The carrying amount and fair value of the Corporation’s other financial instruments as of June 30, 2020 and 2019 were as follows: June 30, 2020 Carrying Fair (In Thousands) Amount Value Level 1 Level 2 Level 3 Financial assets: Loans held for investment, not recorded at fair value $ 900,538 $ 902,074 $ — $ — $ 902,074 Investment securities - held to maturity $ 118,627 $ 121,201 $ — $ 121,201 $ — FHLB – San Francisco stock $ 7,970 $ 7,970 $ — $ 7,970 $ — Financial liabilities: Deposits $ 892,969 $ 864,239 $ — $ — $ 864,239 Borrowings $ 141,047 $ 149,976 $ — $ — $ 149,976 June 30, 2019 Carrying Fair (In Thousands) Amount Value Level 1 Level 2 Level 3 Financial assets: Loans held for investment, not recorded at fair value $ 874,831 $ 861,374 $ — $ — $ 861,374 Investment securities - held to maturity $ 94,090 $ 95,359 $ — $ 95,359 $ — 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 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. 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). 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. For the fiscal year ended June 30, 2020, there were no significant changes to the Corporation’s valuation techniques that had, or are expected to have, a material impact on its consolidated financial position or results of operations.

Revenue From Contracts With Cus

Revenue From Contracts With Customers	12 Months Ended
	Jun. 30, 2020
Revenue From Contracts With Customers
Revenue From Contracts With Customers	Note 17: 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 the bank's 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 its 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 fiscal years ended June 30, 2020 and 2019: Year Ended June 30, Type of Services 2020 2019 (In Thousands) Loan servicing and other fees (1) $ 819 $ 1,051 Gain (loss) on sale of loans, net (1) (132) 7,135 Deposit account fees 1,610 1,928 Card and processing fees 1,454 1,568 Other (2) 769 829 Total non-interest income $ 4,520 $ 12,511 (1) Not in scope of ASC 606. (2) Includes BOLI of $189 and $186 for the year ended June 30, 2020 and 2019, respectively, which are not in scope of ASC 606. For the fiscal years ended June 30, 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: Deposit account 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, ATM fees and others. These fees are recognized on a daily, monthly or quarterly basis, depending on the type of service. Card and processing fees : Debit interchange income represents fees earned when a debit card issued by the Bank is used. The Bank earns interchange fees from 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. Other : Includes asset management fees, certain loan related fees, stop payment fees, wire services fees, safe deposit box fees and 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. Asset management fees are variable, since they are based on the underlying portfolio value, which is subject to market conditions and amounts invested by customers 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. 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.

Holding Company Condensed Finan

Holding Company Condensed Financial Information	12 Months Ended
	Jun. 30, 2020
Holding Company Condensed Financial Information
Holding Company Condensed Financial Information	Note 18: Holding Company Condensed Financial Information This information should be read in conjunction with the other notes to the consolidated financial statements. The following is the condensed statements of financial condition for Provident Financial Holdings (Holding Company only) as of June 30, 2020 and 2019 and condensed statements of operations, comprehensive income and cash flows for the fiscal years ended June 30, 2020 and 2019. Condensed Statements of Financial Condition June 30, (In Thousands) 2020 2019 Assets Cash and cash equivalents $ 6,842 $ 5,421 Investment in subsidiary 117,080 115,185 Other assets 108 131 $ 124,030 $ 120,737 Liabilities and Stockholders’ Equity Other liabilities $ 54 $ 96 Stockholders’ equity 123,976 120,641 $ 124,030 $ 120,737 Condensed Statements of Operations Year Ended June 30, (In Thousands) 2020 2019 Dividend from the Bank $ 7,500 $ 7,500 Interest and other income 19 17 Total income 7,519 7,517 General and administrative expenses 1,166 1,209 Earnings before income taxes and equity in undistributed earnings of the Bank 6,353 6,308 Income tax benefit (338) (352) Earnings before equity in undistributed earnings of the Bank 6,691 6,660 Equity in undistributed earnings of the Bank 998 (2,243) Net income $ 7,689 $ 4,417 Condensed Statements of Cash Flows Year Ended June 30, (In Thousands) 2020 2019 Cash flow from operating activities: Net income $ 7,689 $ 4,417 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of the Bank (998) 2,243 Decrease (increase) in other assets 23 (8) (Decrease) increase in other liabilities (42) 33 Net cash provided by operating activities 6,672 6,685 Cash flow from financing activities: Exercise of stock options 215 553 Treasury stock purchases (1,283) (1,412) Cash dividends (4,183) (4,194) Net cash used for financing activities (5,251) (5,053) Net increase in cash and cash equivalents 1,421 1,632 Cash and cash equivalents at beginning of year 5,421 3,789 Cash and cash equivalents at end of year $ 6,842 $ 5,421

Reclassification Adjustment of

Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI")	12 Months Ended
	Jun. 30, 2020
Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI")
Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI")	Note 19: Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI") The following table provides the changes in AOCI by component for the fiscal years ended June 30, 2020 and 2019: Unrealized Gains and Losses on Investment Securities (Dollars In Thousands, Net of Statutory Taxes) Available for Sale Interest-Only Strips Total Beginning balance at June 30, 2018 $ 194 $ 16 $ 210 Other comprehensive loss before reclassifications (44) (5) (49) Amount reclassified from accumulated other comprehensive income — — — Net other comprehensive loss (44) (5) (49) Ending balance at June 30, 2019 $ 150 $ 11 $ 161 Other comprehensive loss before reclassifications (56) (1) (57) Amount reclassified from accumulated other comprehensive income — — — Net other comprehensive loss (56) (1) (57) Ending balance at June 30, 2020 $ 94 $ 10 $ 104

Subsequent Event

Subsequent Event	12 Months Ended
	Jun. 30, 2020
Subsequent Event
Subsequent Event	Note 20: Subsequent Event On July 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 August 20, 2020 are entitled to receive the cash dividend, which is payable on September 10, 2020.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2020
Organization and Summary of Significant Accounting Policies
Basis of presentation	Basis of presentation The consolidated financial statements include the accounts of Provident Financial Holdings, Inc., and its wholly owned subsidiary, Provident Savings Bank, F.S.B. (collectively, the “Corporation”). All inter-company balances and transactions have been eliminated. Provident Savings Bank, F.S.B. (the “Bank”) converted from a federally chartered mutual savings bank to a federally chartered stock savings bank effective June 27, 1996. Provident Financial Holdings, Inc., a Delaware corporation organized by the Bank, acquired all of the capital stock of the Bank issued in the conversion; the transaction was recorded on a book value basis. The Corporation has determined that it operates in one business segment through the Bank. The Bank's activities include attracting deposits, offering banking services and originating and purchasing single-family, multi-family, commercial real estate, construction and, to a lesser extent, other mortgage, commercial business and consumer loans for investment/its loan portfolio. Deposits are collected primarily from 13 banking locations located in Riverside and San Bernardino counties in California. Additional activities include originating saleable single-family loans, primarily fixed-rate first mortgages. Loans are primarily originated and purchased in Southern and Northern California.
Use of estimates	Use of estimates The accounting and reporting policies of the Corporation conform to generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the loan repurchase reserve, the valuation of investment securities, the valuation of loans held for investment at fair value, deferred tax assets, loan servicing assets, real estate owned and deferred compensation costs. The following accounting policies, together with those disclosed elsewhere in the consolidated financial statements, represent the significant accounting policies of Provident Financial Holdings, Inc. and the Bank.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents include cash on hand and due from banks, as well as overnight deposits placed at the Federal Reserve Bank – San Francisco and correspondent banks.
Investment securities	Investment securities The Corporation classifies its qualifying investments as available for sale or held to maturity. The Corporation classifies investments as held to maturity when it has the ability and it is management’s positive intent to hold such securities to maturity. Securities held to maturity are carried at amortized historical cost. All other securities are classified as available for sale and are carried at fair value. Fair value generally is determined based upon quoted market prices. Changes in net unrealized gains (losses) on securities available for sale are included in accumulated other comprehensive income, net of tax. Gains and losses on sale or dispositions of investment securities are included in non-interest income and are determined using the specific identification method. Purchase premiums and discounts are amortized over the expected average life of the securities using the effective interest method. Investment securities are reviewed annually for possible other-than-temporary impairment (“OTTI”). For debt securities, an OTTI is evident if the Corporation intends to sell the debt security or will more likely than not be required to sell the debt security before full recovery of the entire amortized cost basis is realized. However, even if the Corporation does not intend to sell the debt security and will not likely be required to sell the debt security before recovery of its entire amortized cost basis, the Corporation must evaluate expected cash flows to be received and determine if a credit loss has occurred. In the event of a credit loss, the credit component of the impairment is recognized within non-interest income and the non-credit component is recognized through accumulated other comprehensive income, net of tax.
Loans held for investment	Loans held for investment Loans held for investment consist of long-term adjustable rate loans secured by first trust deeds on single-family residences. Additionally, multi-family and commercial real estate loans secured by commercial property, land and other residential properties have become a substantial part of loans held for investment and comprised 66% and 63% of total loans held for investment at June 30, 2020 and 2019, respectively. These loans are generally offered to customers and businesses located in California. Net loan origination fees and certain direct origination expenses are deferred and amortized to interest income over the contractual life of the loan using the effective interest method. Amortization is discontinued for non-performing loans. Interest receivable represents, for the most part, the current month’s interest, which will be included as a part of the borrower’s next monthly loan payment. Interest receivable is accrued only if deemed collectible. Loans are placed on non-performing status when they become 90 days past due or if the loan is deemed impaired. When a loan is placed on non-performing status, interest accrued but not received is reversed against interest income. Interest income on non-performing loans is subsequently recognized only to the extent that cash is received and the principal balance is deemed collectible. If the principal balance is not deemed collectible, the entire payment received (principal and interest) is applied to the outstanding loan balance. Non-performing loans that become current as to both principal and interest are returned to accrual status after demonstrating satisfactory payment history (usually six consecutive months) and when future payments are expected to be collected.
Allowance for loan losses	Allowance for loan losses The allowance for loan losses involves significant judgment and assumptions by management, which has a material impact on the carrying value of net loans. Management considers the accounting estimate related to the allowance for loan losses a critical accounting estimate because it is highly susceptible to changes from period to period, requiring management to make assumptions about probable incurred losses inherent in the loan portfolio at the balance sheet date. The impact of a sudden large loss could deplete the allowance and require increased provisions to replenish the allowance, which would negatively affect earnings. The allowance is based on two principles of accounting: (i) ASC 450, “Contingencies,” which requires that losses be accrued when they are probable of occurring and can be estimated; and (ii) ASC 310, “Receivables,” which requires that losses be accrued for non-performing loans that may be determined on an individually evaluated basis or based on an aggregated pooling method. The allowance has two components: collectively evaluated allowances and individually evaluated allowances. Each of these components is based upon estimates that can change over time. The allowance is based on historical experience and, as a result, can differ from actual losses incurred in the future. Additionally, differences may result from qualitative factors such as unemployment data, gross domestic product, interest rates, retail sales, the value of real estate and real estate market conditions. The historical data is reviewed at least quarterly and adjustments are made as needed. Management considers, based on currently available information, the allowance for loan losses sufficient to absorb probable losses inherent in loans held for investment. Various techniques are used to arrive at an individually evaluated allowance, including discounted cash flows and the fair market value of collateral. The use of these techniques is inherently subjective and the actual losses could be greater or less than the estimates.
Loans originated and held for sale	Loans originated and held for sale Mortgage loans are originated for both investment and sale to the secondary market. Since the Corporation is primarily a single-family adjustable-rate mortgage (“ARM”) lender for its own loan portfolio, fixed-rate loans are originated for sale to institutional investors. Loans held for sale consist primarily of long-term fixed-rate loans secured by first trust deeds on single-family residences, the majority of which are Federal Housing Administration (“FHA”), United States Department of Veterans Affairs (“VA”), Fannie Mae and Freddie Mac loan products. The loans are generally offered to customers located in (a) Southern California, primarily in Riverside and San Bernardino counties, commonly known as the Inland Empire, and Orange, Los Angeles, San Diego and other surrounding counties and (b) Northern California, primarily Alameda, Placer, San Luis Obispo and other surrounding counties. The loans have been hedged with loan sale commitments, TBA MBS trades and option contracts. The loan sale settlement period is generally between 20 to 30 days from the date of the loan funding. On February 4, 2019, the Corporation announced that it was its best interests to scale back the saleable single-family mortgage loan originations and focus on increasing the portfolio single-family mortgage loans. The Corporation adopted Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures,” and elected the fair value option (ASC 825, “Financial Instruments”) on loans held for sale. ASC 825 allows for the option to report certain financial assets and liabilities at fair value initially and at subsequent measurement dates with changes in fair value included in earnings. The option may be applied instrument by instrument, but it is irrevocable. The Corporation has elected the fair value option on loans held for sale and believes the fair value option most closely aligns the timing of the recognition of non-interest income and non-interest expense. Fair value is generally determined by measuring the value of outstanding loan sale commitments in comparison to investors’ current yield requirements as calculated on the aggregate loan basis. Loans are generally sold without recourse, other than standard representations and warranties. A high percentage of loans are sold on a servicing released basis. In some transactions, the Corporation may retain the servicing rights in order to generate servicing income. Where the Corporation continues to service loans after sale, investors are paid their share of the principal collections together with interest at an agreed-upon rate, which generally differs from the loan’s contractual interest rate. 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 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 June 30, 2020, the Bank serviced $7.4 million of loans under this program and has established a recourse liability of $70,000 as compared to $9.7 million of loans serviced and a recourse liability of $50,000 at June 30, 2019. 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 years ended June 30, 2020 and 2019, the Bank repurchased $1.1 million and $948,000 of single-family loans, respectively. No other repurchase requests, which did not result in the repurchase of the loan itself, were settled in fiscal 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, June 30, 2020 and 2019. Activity in the recourse liabilities for the years ended June 30, 2020 and 2019 was as follows: For Year Ended June 30, (In Thousands) 2020 2019 Balance, beginning of year $ 250 $ 283 Recourse reserve (recovery) 20 (33) Balance, end of the year $ 270 $ 250 The Bank is obligated to refund loan sale premiums to investors when a loan pays off within a specific time period following the loan sale; the time period ranges from three to six months, depending upon the loan sale agreement. Total loan sale premium refunds in fiscal 2020 and 2019 were $78,000 and $96,000, respectively. The Bank has no estimated liability for future loan sale premium refunds at June 30, 2020, as compared to $25,000 at June 30, 2019. Gains or losses on the sale of loans, including fees received or paid, are recognized at the time of sale and are determined by the difference between the net sales proceeds and the allocated book value of the loans sold. Mortgage servicing assets (“MSA”) are amortized in proportion to and over the period of the estimated net servicing income and are carried at the lower of cost or fair value. The fair value of MSA is based on the present value of estimated net future cash flows related to contractually specified servicing fees. The Bank periodically evaluates MSA for impairment, which is measured as the excess of cost over fair value. For additional information, see Note 4 of the Notes to Consolidated Financial Statements, “Mortgage Loan Servicing and Loans Originated for Sale.”
Allowance for unfunded loan commitments	Allowance for unfunded loan commitments The Corporation maintains the allowance for unfunded loan commitments at a level that is adequate to absorb estimated probable losses related to these unfunded credit facilities. The Corporation determines the adequacy of the allowance based on periodic evaluations of the unfunded credit facilities, including an assessment of the probability of commitment usage, credit risk factors for loans outstanding to these same customers, and the terms and expiration dates of the unfunded credit facilities. The allowance for unfunded loan commitments is recorded in other liabilities on the Consolidated Statements of Financial Condition. Net adjustments to the allowance for unfunded loan commitments are included in other non-interest expense on the Consolidated Statements of Operations. Loans in forbearance On March 27, 2020, the CARES Act was signed into law and on April 7, 2020, the Board of Governors of the Federal Reserve System, FDIC, National Credit Union Administration, OCC and consumer Financial Protection Bureau issued Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus ("Interagency Statement"). Among other things, the CARES Act and Interagency Statement provided relief to borrowers, including the opportunity to defer loan payments while not negatively affecting their credit standing. For commercial and consumer customers, the Corporation has provided relief options, including payment deferrals and fee waivers. All loans modified due to COVID-19 will be separately monitored and any request for continuation of relief beyond the initial modification will be reassessed at that time to determine if a further modification should be granted and if a downgrade in risk rating is appropriate. After the payment deferral period, normal loan payments will once again become due and payable. The forbearance amount will be due and payable in full as a balloon payment at the end of the loan term or sooner if the loan becomes due and payable in full at an earlier date. The Corporation believes the steps we are taking are necessary to effectively manage its portfolio and assist the borrowers through the ongoing uncertainty surrounding the duration, impact and government response to the COVID-19 pandemic.
Troubled debt restructuring	Troubled debt restructuring (“restructured loans”) A restructured loan is a loan which the Corporation, for reasons related to a borrower’s financial difficulties, grants a concession to the borrower that the Corporation would not otherwise consider. These financial difficulties include, but are not limited to, the borrowers default status on any of their debts, bankruptcy and recent changes in their financial circumstances (loss of job, etc.). The loan terms which have been modified or restructured due to a borrower’s financial difficulty, may include but are not limited to: a) A reduction in the stated interest rate. b) An extension of the maturity at an interest rate below market. c) A reduction in the accrued interest. d) Extensions, deferrals, renewals and rewrites. e) Loans that have been discharged in a Chapter 7 Bankruptcy that have not been reaffirmed by the borrower. To qualify for restructuring, a borrower must provide evidence of creditworthiness such as, current financial statements, 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 Corporation measures the allowance for loan losses of restructured loans based on the difference between the loan’s original carrying amount and the present value of expected future cash flows discounted at the original effective yield of the loan. Based on the Office of the Comptroller of the Currency’s ("OCC") guidance with respect to restructured loans and to conform to general practices within the banking industry, the Corporation maintains certain restructured loans on accrual status, provided there is reasonable assurance of repayment and performance, consistent with the modified terms based upon a current, well-documented credit evaluation. Other restructured loans are classified as “Substandard” and placed on non-performing status. 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 or 12 consecutive months for those loans that were restructured more than once. Once 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 corroborating characteristics to be upgraded, such as: satisfactory cash flow, satisfactory guarantor support, and additional collateral support, among others.
Non-performing loans	Non-performing loans The Corporation assesses loans individually and classifies as non-performing loans when the accrual of interest has been discontinued, loans have been restructured or management has serious doubts about the future collectability of principal and interest, even though the loans may currently be performing. Factors considered in determining classification include, but are not limited to, expected future cash flows, the financial condition of the borrower and current economic conditions. The Corporation measures each non-performing loan based on ASC 310, establishes a collectively evaluated or individually evaluated allowance and charges off those loans or portions of loans deemed uncollectible.
Real estate owned	Real estate owned Real estate acquired through foreclosure is initially recorded at the fair value of the real estate acquired, less estimated selling costs. Subsequent to foreclosure, the Corporation charges current earnings for estimated losses if the carrying value of the property exceeds its fair value. Gains or losses on the sale of real estate are recognized upon disposition of the property. Costs relating to improvement, maintenance and repairs of the property are expensed as incurred under gain (loss) on sale and operations of real estate owned acquired in the settlement of loans within the Consolidated Statements of Operations.
Impairment of long-lived assets	Impairment of long-lived assets The Corporation reviews its long-lived assets for impairment annually or when events or circumstances indicate that the carrying amount of these assets may not be recoverable. Long-lived assets include buildings, land, fixtures, furniture and equipment. An asset is considered impaired when the expected discounted cash flows over the remaining useful life are less than the net book value. When impairment is indicated for an asset, the amount of impairment loss is the excess of the net book value over its fair value.
Premises and equipment	Premises and equipment Premises and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation is computed primarily on a straight-line basis over the estimated useful lives as follows: Buildings 10 to 40 years Furniture and fixtures 3 to 10 years Automobiles 3 to 5 years Computer equipment 3 to 5 years Leasehold improvements are amortized over the lesser of their respective lease terms or the useful life of the improvement, which ranges from one to 10 years. Maintenance and repair costs are charged to operations as incurred.
Income taxes	Income taxes The Corporation accounts for income taxes in accordance with ASC 740, “Income Taxes.” ASC 740 requires the affirmative evaluation that it is more likely than not, based on the technical merits of a tax position, that an enterprise is entitled to economic benefits resulting from positions taken in income tax returns. If a tax position does not meet the more-likely-than-not recognition threshold, the benefit of that position is not recognized in the financial statements. ASC 740 requires that when determining the need for a valuation allowance against a deferred tax asset, management must assess both positive and negative evidence with regard to the realizability of the tax losses represented by that asset. To the extent available, if sources of taxable income are insufficient to absorb tax losses, a valuation allowance is necessary. Sources of taxable income for this analysis include prior years’ tax returns, the expected reversals of taxable temporary differences between book and tax income, prudent and feasible tax-planning strategies, and future taxable income. The deferred income tax asset related to the allowance for loan losses will be realized when actual charge-offs are made against the allowance. Based on the availability of loss carry-backs and projected taxable income during the periods for which loss carry-forwards are available, management believes it is more likely than not the Corporation will realize the deferred tax asset. The Corporation continues to monitor the deferred tax asset on a quarterly basis for a valuation allowance. The future realization of these tax benefits primarily hinges on adequate future earnings to utilize the tax benefit. Prospective earnings or losses, tax law changes or capital changes could prompt the Corporation to reevaluate the assumptions which may be used to establish a valuation allowance. As of June 30, 2020 and 2019, the estimated deferred tax asset was $3.0 million and $3.5 million , respectively, and presented in prepaid expenses and other assets. The Corporation maintains net deferred tax assets for deductible temporary tax differences, such as loss reserves, deferred compensation, non-accrued interest and unrealized gains, among other items. The decrease in the net deferred tax asset resulted primarily from a decline in litigation reserves and an increase in deferred loan costs, partly offset by increases in loan loss reserves and deferred compensation. The Corporation did not have any liabilities for uncertain tax positions or any known unrecognized tax benefit at June 30, 2020 or 2019.
Bank owned life insurance (BOLI)	Bank owned life insurance ("BOLI") ASC 715‑60‑35, "Accounting for Deferred Compensation and Postretirement Benefit Aspects of Endorsement Split-Dollar Life Insurance Arrangements," requires an employer to recognize obligations associated with endorsement split-dollar life insurance arrangements that extend into the participant’s post-employment benefit cost for the continuing life insurance or based on the future death benefit depending on the contractual terms of the underlying agreement. The Corporation adopted ASC 715‑60‑35 using the latter option, i.e., based on the future death benefit. The Bank purchases BOLI policies on the lives of certain executive officers while they are employed by the Bank and is the owner and beneficiary of the policies. The Bank invests in BOLI to provide an efficient form of funding for long-term retirement and other employee benefits costs. The Bank records these BOLI policies within prepaid expenses and other assets in the Consolidated Statements of Financial Condition at each policy’s respective cash surrender value, with net changes recorded in other non-interest income in the Consolidated Statements of Operations.
Cash dividend and stock repurchases	Cash dividend A declaration or payment of dividends is at the discretion of the Corporation’s Board of Directors, who take into account the Corporation’s financial condition, results of operations, tax considerations, capital requirements, industry standards, economic conditions and other factors, including the regulatory restrictions which affect the payment of dividends by the Bank to the Corporation. Under Delaware law, dividends may be paid either out of surplus or, if there is no surplus, out of net profits for the current fiscal year and/or the preceding fiscal year in which the dividend is declared. For additional information, see Note 22 of the Notes to Consolidated Financial Statements regarding the subsequent event related to the cash dividend. Stock repurchases The Corporation repurchases its common stock consistent with Board-approved stock repurchase plans. During fiscal 2020, a total of 66,041 shares of common stock were purchased at an average cost of $19.43 per share. As of June 30, 2020, a total of 371,815 shares remain available for future repurchase pursuant to the Corporation's April 2020 stock repurchase plan.
Earnings per common share (EPS)	Earnings per common share (“EPS”) Basic EPS represents net income divided by the weighted average common shares outstanding during the period excluding any potential dilutive effects. Diluted EPS gives effect to any potential issuance of common stock that would have caused basic EPS to be lower as if the issuance had already occurred. Accordingly, diluted EPS reflects an increase in the weighted average shares outstanding as a result of the assumed exercise of stock options and the vesting of restricted stock. The computation of diluted EPS does not assume exercise of stock options and vesting of restricted stock that would have an anti-dilutive effect on EPS.
Stock-based compensation	Stock-based compensation ASC 718, “Compensation – Stock Compensation,” requires companies to recognize in the statement of operations the grant-date fair value of stock options and other equity-based compensation issued to employees and directors. Stock-based compensation expense, inclusive of restricted stock expense, recognized in the consolidated statements of operations for the years ended June 30, 2020 and 2019 was $954,000 and $869,000, respectively.
Employee Stock Ownership Plan (ESOP)	Employee Stock Ownership Plan ("ESOP") The Corporation recognizes compensation expense when the Bank contributes funds to the ESOP for the purchase of the Corporation’s common stock to be allocated to the ESOP participants. Since the contributions are discretionary, the benefits payable under the ESOP cannot be estimated.
Restricted stock	Restricted stock The Corporation recognizes compensation expense over the vesting period of the shares awarded, equal to the fair value of the shares at the award date. A total of $873,000 and $515,000 of restricted stock expense was amortized during fiscal 2020 and 2019, respectively.
Post retirement benefits	Post-retirement benefits The estimated obligation for post-retirement health care and life insurance benefits is determined based on an actuarial computation of the cost of current and future benefits for the eligible (grandfathered) retirees and employees. The post retirement benefit liability is included in accounts payable, accrued interest and other liabilities in the Consolidated Statements of Financial Condition. Effective July 1, 2003, the Corporation discontinued the post-retirement health care and life insurance benefits to any employee not previously qualified (grandfathered) for these benefits. At June 30, 2020 and 2019, the accrued liability for post-retirement benefits was $184,000 and $196,000, respectively, which was fully funded consistent with actuarially determined estimates of the future obligation.
Comprehensive income (loss)	Comprehensive income ASC 220, “Comprehensive Income,” requires that realized revenue, expenses, gains and losses be included in net income (loss). Unrealized gains (losses) on available for sale securities and interest-only strips are reported as a separate component of the stockholders’ equity section of the Consolidated Statements of Financial Condition and the change in the unrealized gains (losses) are reported on the Consolidated Statements of Comprehensive Income and Consolidated Statements of Stockholders’ Equity.
Accounting Standard Updates ("ASU")	Accounting standard updates (“ASU”) ASU 2016-02: In February 2016, the Financial Accounting Standards Board ("FASB") issued ASU 2016-02, “Leases (Topic 842).” This ASU introduces a lessee model that brings most leases on the balance sheet and aligns many of the underlying principles of the new lessor model with those in the new revenue recognition standard, ASC 606, Revenue From Contracts With Customers. The new leases standard represents a wholesale change to lease accounting requiring the recognition of lease assets and lease liabilities in the balance sheet and disclosure of key information about leasing arrangements. The principal change required by ASU 2016-02 relates to lessee accounting, for operating leases, a lessee is required to (1) recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in the statement of financial position, (2) recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term generally on a straight-line basis, and (3) classify all cash payments within operating activities in the statement of cash flows. For leases with an initial 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. ASU 2016-02 also changes disclosure requirements related to leasing activities and requires certain qualitative disclosures along with specific quantitative disclosures. This ASU was effective for annual periods beginning after December 15, 2018 (i.e., calendar periods beginning on January 1, 2019), and interim periods therein, early adoption was permitted. In July 2018, the FASB issued ASU 2018-11, Leases, Targeted Improvements, which allowed 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. In January 2019, the FASB issued ASU 2019-01, Codification Improvements. The amendments in this ASU included the following items: (i) determining the fair value of the underlying asset by lessors that are not manufacturers or dealers; (ii) requiring cash received from lessors from sales-type and direct financing leases to be presented in the cash flow statement within investing activities; and (iii) clarifying interim disclosure requirements. The effective date and transition requirements for the first and second items of ASU 2019-01 were effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2019. The effective date and transition requirements for the third item of ASU 2019-01 were the same as ASU 2016-02. The adoption of this ASU did not have a material impact on the Corporation’s Consolidated Financial Statements. See Note 5 of the Notes to Consolidated Financial Statements for additional discussion. 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. Once adopted, the Corporation anticipates the allowance for loan losses to increase through a one‑time adjustment to retained earnings, however, until the evaluation is complete the magnitude of the potential increase will be unknown. 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 re-measurement 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.

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2020
Organization and Summary of Significant Accounting Policies
Activity in Recourse Liabilities	For Year Ended June 30, (In Thousands) 2020 2019 Balance, beginning of year $ 250 $ 283 Recourse reserve (recovery) 20 (33) Balance, end of the year $ 270 $ 250
Schedule of Estimated Useful Lives	Premises and equipment at June 30, 2020 and 2019 consisted of the following: June 30, (In Thousands) 2020 2019 Land $ 2,853 $ 2,853 Buildings 9,734 9,759 Leasehold improvements 3,243 3,252 Furniture and equipment 5,290 5,438 Automobiles 167 170 Operating lease – right of use assets (1) 2,525 — 23,812 21,472 Less accumulated depreciation and amortization (13,558) (13,246) Total premises and equipment, net $ 10,254 $ 8,226 (1) Net of accumulated amortization.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Jun. 30, 2020
Investment Securities
Schedule of available-for-sale securities reconciliation	Gross Gross Estimated Amortized Unrealized Unrealized Fair Carrying June 30, 2020 Cost Gains (Losses) Value Value (In Thousands) Held to maturity U.S. government sponsored enterprise MBS $ 115,763 $ 2,636 $ (45) $ 118,354 $ 115,763 U.S. SBA securities (1) 2,064 — (17) 2,047 2,064 Certificate of deposits 800 — — 800 800 Total investment securities - held to maturity $ 118,627 $ 2,636 $ (62) $ 121,201 $ 118,627 Available for sale U.S. government agency MBS $ 2,823 $ 120 $ — $ 2,943 $ 2,943 U.S. government sponsored enterprise MBS 1,556 21 — 1,577 1,577 Private issue CMO (2) 204 — (7) 197 197 Total investment securities - available for sale $ 4,583 $ 141 $ (7) $ 4,717 $ 4,717 Total investment securities $ 123,210 $ 2,777 $ (69) $ 125,918 $ 123,344 (1) Small Business Administration ("SBA"). (2) 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	As of June 30, 2020 Unrealized Holding Losses Unrealized Holding Losses Unrealized Holding 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 $ 12,731 $ 45 $ — $ — $ 12,731 $ 45 U.S. SBA securities — $ — 2,040 17 2,040 17 Total investment securities - held to maturity $ 12,731 $ 45 $ 2,040 $ 17 $ 14,771 $ 62 Available for sale Private issue CMO $ 197 $ 7 $ — $ — $ 197 $ 7 Total investment securities - available for sale $ 197 $ 7 $ — $ — $ 197 $ 7 Total investment securities $ 12,928 $ 52 $ 2,040 $ 17 $ 14,968 $ 69 As of June 30, 2019 Unrealized Holding Losses Unrealized Holding Losses Unrealized Holding 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	June 30, 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 19,389 20,194 32,584 32,728 Due after five through ten years 50,895 52,315 35,306 36,090 Due after ten years 47,543 47,892 25,800 26,141 Total investment securities - held to maturity $ 118,627 $ 121,201 $ 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 4,583 4,717 5,757 5,969 Total investment securities - available for sale $ 4,583 $ 4,717 $ 5,757 $ 5,969 Total investment securities $ 123,210 $ 125,918 $ 99,847 $ 101,328

Loans Held for Investment (Tabl

Loans Held for Investment (Tables)	12 Months Ended
	Jun. 30, 2020
Loans Held for Investment
Schedule of loans held for investment	Loans held for investment consisted of the following at June 30, 2020 and 2019 : (In Thousands) June 30, 2020 June 30, 2019 Mortgage loans: Single-family $ 298,810 $ 324,952 Multi-family 491,903 439,041 Commercial real estate 105,235 111,928 Construction 7,801 4,638 Other 143 167 Commercial business loans 480 478 Consumer loans 94 134 Total loans held for investment, gross 904,466 881,338 Advance payments of escrows 68 53 Deferred loan costs, net 6,527 5,610 Allowance for loan losses (8,265) (7,076) Total loans held for investment, net $ 902,796 $ 879,925
Schedule of loans held for investment, contractual repricing	Adjustable Rate After After After One Year 3 Years 5 Years (In Thousands) Within One Year Through 3 Years Through 5 Years Through 10 Years Fixed Rate Total Mortgage loans: Single-family $ 80,167 $ 54,690 $ 89,820 $ 65,902 $ 8,231 $ 298,810 Multi-family 161,881 156,014 157,783 16,069 156 491,903 Commercial real estate 48,343 27,542 29,010 — 340 105,235 Construction 6,041 — — — 1,760 7,801 Other — — — — 143 143 Commercial business loans 85 — — — 395 480 Consumer loans 94 — — — — 94 Total loans held for investment, gross $ 296,611 $ 238,246 $ 276,613 $ 81,971 $ 11,025 $ 904,466
Schedule of gross loans held for investment by loan types and risk category	The following tables summarize gross loans held for investment by loan types and risk category at the dates indicated: June 30, 2020 Commercial Commercial (In Thousands) Single-family Multi-family Real Estate Construction Other Mortgage Business Consumer Total Pass $ 289,942 $ 488,126 $ 105,235 $ 6,098 $ 143 $ 445 $ 94 $ 890,083 Special Mention 3,120 3,777 — 1,703 — — — 8,600 Substandard 5,748 — — — — 35 — 5,783 Total loans held for investment, gross $ 298,810 $ 491,903 $ 105,235 $ 7,801 $ 143 $ 480 $ 94 $ 904,466 June 30, 2019 Commercial Other Commercial (In Thousands) Single-family Multi-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 and recorded investment	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. Year Ended June 30, 2020 Commercial Commercial (In Thousands) Single-family Multi-family Real Estate Construction Other Mortgage Business Consumer Total Allowance at beginning of period $ 2,709 $ 3,219 $ 1,050 $ 61 $ 3 $ 26 $ 8 $ 7,076 Provision (recovery) for loan losses (156) 1,110 60 110 — (2) (3) 1,119 Recoveries 70 — — — — — 2 72 Charge-offs (1) — — — — — (1) (2) Allowance for loan losses, end of period $ 2,622 $ 4,329 $ 1,110 $ 171 $ 3 $ 24 $ 6 $ 8,265 Allowance: Individually evaluated for impairment $ 96 $ — $ — $ — $ — $ 4 $ — $ 100 Collectively evaluated for impairment 2,526 4,329 1,110 171 3 20 6 8,165 Allowance for loan losses, end of period $ 2,622 $ 4,329 $ 1,110 $ 171 $ 3 $ 24 $ 6 $ 8,265 Gross Loans: Individually evaluated for impairment $ 3,371 $ — $ — $ — $ — $ 35 $ — $ 3,406 Collectively evaluated for impairment 295,439 491,903 105,235 7,801 143 445 94 901,060 Total loans held for investment, gross $ 298,810 $ 491,903 $ 105,235 $ 7,801 $ 143 $ 480 $ 94 $ 904,466 Allowance for loan losses as a percentage of gross loans held for investment 0.88 % 0.88 % 1.05 % 2.19 % 2.10 % 5.00 % 6.38 % 0.91 % Year Ended June 30, 2019 Commercial Commercial (In Thousands) Single-family Multi-family Real Estate Construction Other Mortgage Business Consumer Total Allowance at beginning of period $ 2,783 $ 3,492 $ 1,030 $ 47 $ 3 $ 24 $ 6 $ 7,385 Provision (recovery)for loan losses (241) (273) 20 14 — — 5 (475) Recoveries 198 — — — — 2 — 200 Charge-offs (31) — — — — — (3) (34) Allowance for loan losses, end of period $ 2,709 $ 3,219 $ 1,050 $ 61 $ 3 $ 26 $ 8 $ 7,076 Allowance: Individually evaluated for impairment $ 122 $ — $ — $ — $ — $ 8 $ — $ 130 Collectively evaluated for impairment 2,587 3,219 1,050 61 3 18 8 6,946 Allowance for loan losses, end of period $ 2,709 $ 3,219 $ 1,050 $ 61 $ 3 $ 26 $ 8 $ 7,076 Gross Loans: Individually evaluated for impairment $ 5,199 $ — $ — $ 971 $ — $ 49 $ — $ 6,219 Collectively evaluated for impairment 319,753 439,041 111,928 3,667 167 429 134 875,119 Total loans held for investment, gross $ 324,952 $ 439,041 $ 111,928 $ 4,638 $ 167 $ 478 $ 134 $ 881,338 Allowance for loan losses as a percentage of gross loans held for investment 0.83 % 0.73 % 0.94 % 1.32 % 1.80 % 5.44 % 5.97 % 0.80 %
Schedule of allowance for loan losses	The following summarizes the components of the net change in the allowance for loan losses for the periods indicated: Year Ended June 30, (In Thousands) 2020 2019 Balance, beginning of year $ 7,076 $ 7,385 Provision (recovery) for loan losses 1,119 (475) Recoveries 72 200 Charge-offs (2) (34) Balance, end of year $ 8,265 $ 7,076
Schedule of recorded investment in non-performing loans	At or For the Year Ended June 30, 2020 Unpaid Net Average Interest Principal Related Recorded Recorded Recorded Income (In Thousands) Balance Charge-offs Investment Allowance (1) Investment Investment Recognized Mortgage loans: Single-family: With a related allowance $ 3,289 $ — $ 3,289 $ (438) $ 2,851 $ 1,541 $ 60 Without a related allowance (2) 2,509 (467) 2,042 — 2,042 2,572 119 Total single-family loans 5,798 (467) 5,331 (438) 4,893 4,113 179 Construction: Without a related allowance (2) — — — — — 271 20 Total construction loans — — — — — 271 20 Commercial business loans: With a related allowance 35 — 35 (4) 31 42 4 Total commercial business loans 35 — 35 (4) 31 42 4 Total non-performing loans $ 5,833 $ (467) $ 5,366 $ (442) $ 4,924 $ 4,426 $ 203 (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 or For the Year Ended June 30, 2019 Unpaid Related Net Average Interest Principal Charge-offs Recorded Recorded Recorded Income (In Thousands) Balance Related Investment Allowance (1) Investment Investment Recognized Mortgage loans: Single-family: With a related allowance $ 2,640 $ — $ 2,640 $ (434) $ 2,206 $ 1,583 $ 110 Without a related allowance (2) 3,518 (518) 3,000 — 3,000 4,301 293 Total single-family loans 6,158 (518) 5,640 (434) 5,206 5,884 403 Construction: Without a related allowance (2) 971 — 971 — 971 664 — Total construction loans 971 — 971 — 971 664 — Commercial business loans: With a related allowance 49 — 49 (8) 41 58 5 Total commercial business loans 49 — 49 (8) 41 58 5 Total non-performing loans $ 7,178 $ (518) $ 6,660 $ (442) $ 6,218 $ 6,606 $ 408 (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.
Schedule of loan forbearance related to COVID-19 hardship requests	As of June 30, 2020, loan forbearance related to COVID-19 hardship requests are described below: Forbearance Granted Forbearance Completed Forbearance Remaining Number of Number of Number of (Dollars In Thousands) Loans Amount Loans Amount Loans Amount Single-family loans 52 $ 21,470 4 $ 1,579 48 $ 19,891 Multi-family loans 3 1,592 — — 3 1,592 Commercial real estate loans 2 1,071 — — 2 1,071 Total loan forbearance 57 $ 24,133 4 $ 1,579 53 $ 22,554 As of June 30, 2020, loan forbearance outstanding balances are described below: Weighted Weighted Avg. % of Weighted Avg. Debt Forbearance Number Total Weighted Avg. Coverage Period (Dollars In Thousands) of Loans Amount Loans Avg. LTV (1) FICO (2) Ratio (3) Granted (4) Single-family loans 48 $ 19,891 2.20 % 64 % 727 N/A 6.0 Multi-family loans 3 1,592 0.17 % 41 % 719 1.65x 3.3 Commercial real estate loans (5) 2 1,071 0.12 % 31 % 755 1.36x 3.5 Total loans in forbearance 53 $ 22,554 2.49 % 61 % 727 1.53x 5.7 (1) Current loan balance in comparison to the original appraised value. (2) At time of loan origination, borrowers and/or guarantors. (3) At time of loan origination. (4) In months. (5) Comprised of $579 thousand in Office and $493 thousand in Mixed Used – Office/Single-Family Residential.
Schedule of past due status of gross loans held for investment, net of fair value adjustments	The following tables denote the past due status of the Corporation’s loans held for investment, gross, at the dates indicated. June 30, 2020 30-89 Days Past Total Loans Held for (In Thousands) Current Due Non-Accrual (1) Investment, Gross Mortgage loans: Single-family $ 293,326 $ 219 $ 5,265 $ 298,810 Multi-family 491,903 — — 491,903 Commercial real estate 105,235 — — 105,235 Construction 7,801 — — 7,801 Other 143 — — 143 Commercial business loans 445 — 35 480 Consumer loans 94 — — 94 Total loans held for investment, gross $ 898,947 $ 219 $ 5,300 $ 904,466 (1) All loans 90 days or greater past due are placed on non-accrual status. June 30, 2019 30-89 Days Past Total Loans Held for (In Thousands) Current 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 troubled debt restructurings by nonaccrual versus accrual status	The following table summarizes at the dates indicated the restructured loan balances, net of allowance for loan losses or charge-offs, by loan type and non-accrual versus accrual status at June 30, 2020 and 2019 : At June 30, (In Thousands) 2020 2019 Restructured loans on non-accrual status: Mortgage loans: Single-family $ 2,612 $ 1,891 Commercial business loans 31 41 Total 2,643 1,932 Restructured loans on accrual status: Mortgage loans: Single-family — 1,861 Total — 1,861 Total restructured loans $ 2,643 $ 3,793
Schedule of recorded investment in restructured loans	The following tables show the restructured loans by type, net of allowance for loan losses or charge-offs, at June 30, 2020 and 2019 : At June 30, 2020 Unpaid Net Principal Related Recorded Recorded (In Thousands) Balance Charge-offs Investment Allowance (1) Investment Mortgage loans: Single-family: With a related allowance $ 1,650 $ — $ 1,650 $ (108) $ 1,542 Without a related allowance (2) 1,435 (365) 1,070 — 1,070 Total single-family 3,085 (365) 2,720 (108) 2,612 Commercial business loans: With a related allowance 35 — 35 (4) 31 Total commercial business loans 35 — 35 (4) 31 Total restructured loans $ 3,120 $ (365) $ 2,755 $ (112) $ 2,643 (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.
Summary of Related Party Loan Activity	The following is a summary of related-party loan activity: Year Ended June 30, (In Thousands) 2020 2019 Balance, beginning of year $ 2 $ 677 Originations — — Sales and payments (1) (675) Balance, end of year $ 1 $ 2

Mortgage Loan Servicing and L_2

Mortgage Loan Servicing and Loans Originated for Sale (Tables)	12 Months Ended
	Jun. 30, 2020
Mortgage Loan Servicing and Loans Originated for Sale
Schedule of Mortgage Loans Serviced for Others	The following summarizes the unpaid principal balance of loans serviced for others by the Corporation at the dates indicated: At June 30, (In Thousands) 2020 2019 Loans serviced for Freddie Mac $ 14,210 $ 18,613 Loans serviced for Fannie Mae 64,910 89,910 Loans serviced for FHLB – San Francisco 7,385 9,724 Loans serviced for other investors — 1,989 Total loans serviced for others $ 86,505 $ 120,236
Schedule of Mortgage Servicing Assets	The following table summarizes the Corporation’s MSA for years ended June 30, 2020 and 2019: Year Ended June 30, (Dollars In Thousands) 2020 2019 MSA balance, beginning of fiscal year $ 925 $ 998 Additions — 52 Amortization (252) (125) MSA balance, end of fiscal year, before allowance 673 925 Allowance (291) (298) MSA balance, end of fiscal year $ 382 $ 627 Fair value, beginning of fiscal year $ 627 $ 1,015 Fair value, end of fiscal year $ 382 $ 627 Allowance, beginning of fiscal year $ 298 $ 82 Impairment (recovery) provision (7) 216 Allowance, end of fiscal year $ 291 $ 298 Key Assumptions: Weighted-average discount rate 9.11 % 9.11 % Weighted-average prepayment speed 26.07 % 23.86 %
Schedule of Estimated Future Amortization of Mortgage Servicing Assets	The following table summarizes the estimated future amortization of MSA for the next five years and thereafter: Amount Year Ending June 30, (In Thousands) 2021 $ 129 2022 103 2023 74 2024 51 2025 35 Thereafter 281 Total estimated amortization expense $ 673
Schedule of Mortgage Servicing Assets, Hypothetical Effect on Fair Value	Year Ended June 30, (Dollars In Thousands) 2020 2019 MSA net carrying value $ 382 $ 627 CPR assumption (weighted-average) 26.07 % 23.86 % Impact on fair value with 10% adverse change in prepayment speed $ (19) $ (30) Impact on fair value with 20% adverse change in prepayment speed $ (35) $ (58) Discount rate assumption (weighted-average) 9.11 % 9.11 % Impact on fair value with 10% adverse change in discount rate $ (12) $ (20) Impact on fair value with 20% adverse change in discount rate $ (23) $ (40)
Schedule of servicing assets sold	Year Ended June 30, (In Thousands) 2020 2019 Loans sold: Servicing – released $ — $ 551,754 Servicing – retained — 7,196 Total loans sold $ — $ 558,950

Leases (Tables)

Leases (Tables)	12 Months Ended
	Jun. 30, 2020
Leases
Schedule of supplemental information related to operating leases	(In Thousands) Year Ended As of June 30, 2020 June 30, 2020 Consolidated Statements of Condition: Premises and equipment - Operating lease right of use assets $ 2,525 Accounts payable, accrued interest and other liabilities – Operating lease liabilities $ 2,640 Consolidated Statements of Operations: Premises and occupancy expenses from operating leases (1) (2) $ 768 Equipment expenses from operating leases $ 57 Consolidated Statements of Cash Flows: Operating cash flows from operating leases, net (2) $ 1,035 (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) 2021 $ 750 2022 671 2023 469 2024 359 2025 255 Thereafter 275 Total contract lease payments $ 2,779 Total liability to make lease payments $ 2,640 Difference in undiscounted and discounted future lease payments $ 139 Weighted average discount rate 2.16 % Weighted average remaining lease term (years) 4.6 (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, June 30, (In Thousands) 2019 lease guidance 2019 2020 Total assets $ 1,084,850 $ 3,399 $ 1,088,249 $ 1,176,837 Total liabilities $ 964,209 $ 3,704 $ 967,913 $ 1,052,861 Total equity $ 120,641 $ — $ 120,641 $ 123,976

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Jun. 30, 2020
Premises and Equipment
Schedule of Premises and Equipment	Premises and equipment at June 30, 2020 and 2019 consisted of the following: June 30, (In Thousands) 2020 2019 Land $ 2,853 $ 2,853 Buildings 9,734 9,759 Leasehold improvements 3,243 3,252 Furniture and equipment 5,290 5,438 Automobiles 167 170 Operating lease – right of use assets (1) 2,525 — 23,812 21,472 Less accumulated depreciation and amortization (13,558) (13,246) Total premises and equipment, net $ 10,254 $ 8,226 (1) Net of accumulated amortization.

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Jun. 30, 2020
Capital
Schedule of Deposits	Deposits at June 30, 2020 and 2019 consisted of the following: June 30, 2020 June 30, 2019 (Dollars in Thousands) Interest Rate Amount Interest Rate Amount Checking deposits – non interest-bearing — $ 118,771 — $ 90,184 Checking deposits – interest-bearing (1) 0% - 0.25 % 290,463 0% - 0.30 % 257,909 Savings deposits (1) 0% - 1.00 % 273,769 0% - 1.29 % 264,387 Money market deposits (1) 0% - 2.00 % 39,989 0% - 2.00 % 35,646 Time deposits: (1) Under $100 0.00% - 2.13 % 82,180 0.00% - 2.13 % 94,200 $100 and over 0.15% - 2.13 % 87,797 0.15% - 2.52 % 98,945 Total deposits $ 892,969 $ 841,271 Weighted-average interest rate on deposits % % (1) Certain interest-bearing checking, savings, money market and time deposits require a minimum balance to earn interest.
Schedule of Annual Maturities of Time Deposits	The aggregate annual maturities of time deposits at June 30, 2020 and 2019 were as follows: June 30, (In Thousands) 2020 2019 One year or less $ 90,576 $ 106,080 Over one to two years 33,995 37,117 Over two to three years 25,937 26,334 Over three to four years 8,184 15,135 Over four to five years 10,350 7,784 Over five years 935 695 Total time deposits $ 169,977 $ 193,145
Schedule of Interest Expense on Deposits	Interest expense on deposits for the periods indicated is summarized as follows: Year Ended June 30, (In Thousands) 2020 2019 Checking deposits – interest-bearing $ 314 $ 305 Savings deposits 496 572 Money market deposits 110 123 Time deposits 2,023 2,381 Total interest expense on deposits $ 2,943 $ 3,381

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Jun. 30, 2020
Capital
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank	June 30, (In Thousands) 2020 2019 FHLB - San Francisco advances $ 141,047 $ 101,107
Summary of Federal Home Loan Bank, Advances	At or For the Year Ended June 30, (Dollars in Thousands) 2020 2019 Balance outstanding at the end of year: FHLB - San Francisco advances $ 141,047 $ 101,107 Weighted-average rate at the end of year: FHLB - San Francisco advances 2.23 % 2.62 % Maximum amount of borrowings outstanding at any month end: FHLB - San Francisco advances $ 141,057 $ 136,158 Average short-term borrowings during the year with respect to: (1) FHLB - San Francisco advances $ 11,562 $ 8,425 Weighted-average short-term borrowing rate during the year with respect to: (1) FHLB - San Francisco advances 3.30 % 1.69 % (1) Borrowings with a remaining term of 12 months or less.
Schedule of Federal Home Loan Bank, Advances, Annual Contractual Maturities	June 30, (Dollars in Thousands) 2020 2019 Within one year $ 30,000 $ — Over one to two years 31,047 20,000 Over two to three years 30,000 21,107 Over three to four years 30,000 10,000 Over four to five years 20,000 30,000 Over five years — 20,000 Total borrowings $ 141,047 $ 101,107 Weighted average interest rate 2.23 % 2.62 %

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2020
Income Taxes
Schedule of Provision for Income Taxes	Year Ended June 30, (In Thousands) 2020 2019 Current: Federal $ 1,742 $ 445 State 919 408 2,661 853 Deferred: Federal 291 478 State 261 172 552 650 Provision for income taxes $ 3,213 $ 1,503
Schedule of estimated combined federal and state statutory tax rates	The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to net income before income taxes as a result of the following differences for the periods indicated: Year Ended June 30, 2020 2019 (In Thousands) Amount Tax Rate Amount Tax Rate Federal income tax at statutory rate $ 2,289 21.00 % $ 1,243 21.00 % State income tax, net of federal income tax benefit 930 8.53 % 456 7.70 % Changes in taxes resulting from: Bank-owned life insurance (40) (0.36) % (39) (0.66) % Non-deductible expenses 41 0.37 % 21 0.35 % Non-deductible stock-based compensation (10) (0.09) % (2) (0.03) % Excess tax benefit on stock-based compensation (7) (0.07) % (104) (1.77) % Return to provision adjustment 7 0.06 % (77) (1.29) % Other 3 0.02 % 5 0.08 % Effective income tax $ 3,213 29.46 % $ 1,503 25.38 %
Schedule of Deferred Tax Assets and Liabilities	Deferred tax assets at June 30, 2020 and 2019 by jurisdiction were as follows: June 30, (In Thousands) 2020 2019 Deferred taxes - federal $ 1,908 $ 2,178 Deferred taxes - state 1,103 1,361 Total net deferred tax assets $ 3,011 $ 3,539 Net deferred tax assets at June 30, 2020 and 2019 were comprised of the following: June 30, (In Thousands) 2020 2019 Loss reserves $ 3,034 $ 2,685 Non-accrued interest 326 483 Deferred compensation 2,824 2,396 Accrued vacation 177 124 Depreciation 90 95 Litigation reserves — 876 Other 395 588 Total deferred tax assets 6,846 7,247 FHLB - San Francisco stock dividends (645) (664) Prepaid expenses (41) (56) Unrealized gain on investment securities (40) (63) Unrealized gain on interest-only strips (4) (5) Deferred loan costs (3,071) (2,723) State tax (34) (197) Total deferred tax liabilities (3,835) (3,708) Net deferred tax assets $ 3,011 $ 3,539

Capital (Tables)

Capital (Tables)	12 Months Ended
	Jun. 30, 2020
Capital
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	Regulatory Requirements Minimum for Capital Minimum to Be Actual Adequacy Purposes (1) Well Capitalized Amount Ratio Amount Ratio Amount Ratio Provident Savings Bank, F.S.B.: As of June 30, 2020 Tier 1 leverage capital (to adjusted average assets) $ 116,967 10.13 % $ 46,188 4.00 % $ 57,735 5.00 % CET1 capital (to risk-weighted assets) $ 116,967 17.51 % $ 46,747 7.00 % $ 43,408 6.50 % Tier 1 capital (to risk-weighted assets) $ 116,967 17.51 % $ 56,765 8.50 % $ 53,426 8.00 % Total capital (to risk-weighted assets) $ 125,316 18.76 % $ 70,121 10.50 % $ 66,782 10.00 % As of June 30, 2019 Tier 1 leverage capital (to adjusted average assets) $ 115,009 10.50 % $ 43,824 4.00 % $ 54,779 5.00 % CET1 capital (to risk-weighted assets) $ 115,009 18.00 % $ 44,730 7.00 % $ 41,535 6.50 % Tier 1 capital (to risk-weighted assets) $ 115,009 18.00 % $ 54,314 8.50 % $ 51,119 8.00 % Total capital (to risk-weighted assets) $ 122,225 19.13 % $ 67,094 10.50 % $ 63,899 10.00 % (1) Inclusive of the conservation buffer of 2.50% for CET1 capital, Tier 1 capital and Total capital ratios.

Incentive Plans (Tables)

Incentive Plans (Tables)	12 Months Ended
	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	Fiscal 2020 Fiscal 2019 Expected volatility — % % Weighted-average volatility — % % Expected dividend yield — % % Expected term (in years) — Risk-free interest rate — % %
Schedule of Share-based Compensation, Unvested Restricted Stock Units Award Activity	The following table summarizes the restricted stock activity for the years ended June 30, 2020 and 2019: Weighted-Average Award Date Unvested Shares Shares Fair Value Unvested at June 30, 2018 98,500 $ 14.35 Awarded 224,500 $ 18.57 Vested (89,500) $ 13.97 Forfeited — $ — Unvested at June 30, 2019 233,500 $ 18.55 Expected to vest at June 30, 2019 186,800 $ 18.55 Unvested at June 30, 2019 233,500 $ 18.55 Awarded — $ — Vested — $ — Forfeited (8,000) $ 18.57 Unvested at June 30, 2020 225,500 $ 18.55 Expected to vest at June 30, 2020 180,400 $ 18.55
Equity Incentive Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of stock option activity	The following tables summarize the stock option activity in the Plans during the years ended June 30, 2020 and 2019: Weighted- Weighted- Average Aggregate Average Remaining Intrinsic Exercise Contractual Value Options Shares Price Term (Years) ($000) Outstanding at June 30, 2018 529,000 $ 12.77 Granted 90,000 $ 20.19 Exercised (48,250) $ 11.45 Forfeited — $ — Outstanding at June 30, 2019 570,750 $ 14.05 5.21 $ 3,960 Vested and expected to vest at June 30, 2019 550,150 $ 13.82 5.05 $ 3,942 Exercisable at June 30, 2019 467,750 $ 12.72 4.25 $ 3,870 Outstanding at June 30, 2019 570,750 $ 14.05 Granted — $ — Exercised (16,250) $ 13.27 Forfeited — $ — Outstanding at June 30, 2020 554,500 $ 14.07 $ 807 Vested and expected to vest at June 30, 2020 533,900 $ 13.84 4.06 $ 534 Exercisable at June 30, 2020 451,500 $ 12.70 3.23 $ 807

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Jun. 30, 2020
Earnings Per Share
Schedule of earnings per share, basic and diluted	For the Year Ended June 30, 2020 Income Shares Per-Share (Dollars in Thousands, Except Share Amount) (Numerator) (Denominator) Amount Basic EPS $ 7,689 7,467,577 $ 1.03 Effect of dilutive shares: Stock options 71,307 Restricted stock 37,298 Diluted EPS $ 7,689 7,576,182 $ 1.01 For the Year Ended June 30, 2019 Income Shares Per-Share (Dollars in Thousands, Except Share Amount) (Numerator) (Denominator) Amount Basic EPS $ 4,417 7,484,925 $ 0.59 Effect of dilutive shares: Stock options 95,960 Restricted stock 15,383 Diluted EPS $ 4,417 7,596,268 $ 0.58

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2020
Commitments and Contingencies.
Schedule of remaining minimum contractual lease payments and other information associated with leases	Amount (1) Year Ending June 30, (In Thousands) 2021 $ 750 2022 671 2023 469 2024 359 2025 255 Thereafter 275 Total contract lease payments $ 2,779 Total liability to make lease payments $ 2,640 Difference in undiscounted and discounted future lease payments $ 139 Weighted average discount rate 2.16 % Weighted average remaining lease term (years) 4.6 (1) Contractual base rents do not include property taxes and other operating expenses due under respective lease agreements.
Schedule of future minimum rental payments of corporation's lease and operating commitments	Amount Year Ending June 30, (In Thousands) 2021 $ 1,712 2022 1,524 2023 672 2024 383 2025 279 Thereafter 281 Total minimum payments required $ 4,851

Derivative and Other Financia_2

Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables)	12 Months Ended
	Jun. 30, 2020
Derivative and Other Financial Instruments with Off-Balance Sheet Risks
Schedule of undisbursed funds commitments	June 30, Commitments 2020 2019 (In Thousands) Undisbursed loan funds – Construction loans $ 4,029 $ 6,592 Undisbursed lines of credit – Commercial business loans 935 1,003 Undisbursed lines of credit – Consumer loans 448 479 Commitments to extend credit on loans to be held for investment 13,579 4,254 Total $ 18,991 $ 12,328
Schedule of allowance for loan losses of undisbursed funds and commitments on loans held for investment	Year Ended June 30, (In Thousands) 2020 2019 Balance, beginning of the year $ 141 $ 157 Recovery (15) (16) Balance, end of the year $ 126 $ 141
Schedule of impact of derivative financial instruments on gain on sale of loans	Year Ended June 30, Derivative Financial Instruments 2020 2019 Commitments to extend credit on loans to be held for sale $ — $ (825) Mandatory loan sale commitments and TBA MBS trades — 440 Total net loss $ — $ (385)

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Jun. 30, 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 June 30, 2020: Loans held for investment, at fair value $ 2,258 $ 2,369 $ (111) 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 June 30, 2020 Using: (In Thousands) Level 1 Level 2 Level 3 Total Assets: Investment securities - available for sale: U.S. government agency MBS $ — $ 2,943 $ — $ 2,943 U.S. government sponsored enterprise MBS — 1,577 — 1,577 Private issue CMO — — 197 197 Investment securities - available for sale — 4,520 197 4,717 Loans held for investment, at fair value — — 2,258 2,258 Interest-only strips — — 14 14 Total assets $ — $ 4,520 $ 2,469 $ 6,989 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	The following is a reconciliation of the beginning and ending balances during the periods shown of recurring fair value measurements recognized in the Consolidated Statements of Financial Condition using Level 3 inputs: Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3) Private Loans Held For Interest- Issue Investment, at fair Only (In Thousands) CMO value (1) Strips Total Beginning balance at June 30, 2019 $ 269 $ 5,094 $ 16 $ 5,379 Total gains or losses (realized/unrealized): Included in earnings — 13 — 13 Included in other comprehensive income (loss) (14) — (2) (16) Purchases — — — — Issuances — — — — Settlements (58) (2,849) — (2,907) Transfers in and/or out of Level 3 — — — — Ending balance at June 30, 2020 $ 197 $ 2,258 $ 14 $ 2,469 (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 interest rate characteristics. Fair Value Measurement Using Significant Other Unobservable Inputs (Level 3) Private Loans Held For Interest- Loan Issue Investment, at fair Only Commit-ments to Manda-tory (In Thousands) CMO value (1) Strips Originate (2) Commit-ments (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 — 188 — (825) 19 (618) Included in other comprehensive income (loss) 4 — (7) — — (3) Purchases — — — — — — Issuances — — — — — — Settlements (85) (1,288) — — 13 (1,360) Transfers in and/or out of Level 3 — 960 — — — 960 Ending balance at June 30, 2019 $ 269 $ 5,094 $ 16 $ — $ — $ 5,379 (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 interest rate characteristics. (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	The following fair value hierarchy table presents information about the Corporation’s assets measured at fair value at the dates indicated on a nonrecurring basis: Fair Value Measurement at June 30, 2020 Using: (In Thousands) Level 1 Level 2 Level 3 Total Non-performing loans $ — $ 2,042 $ 2,882 $ 4,924 Mortgage servicing assets — — 382 382 Real estate owned, net — — — — Total $ — $ 2,042 $ 3,264 $ 5,306 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, including derivative financial instruments, which are measured at fair value and categorized within Level 3 as of June 30, 2020: Impact to Fair Value Valuation As of from an June 30, 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 (3.2)% - (3.5)% ((3.3))% Increase Loans held for investment, at fair value $ 2,258 Relative value analysis Broker quotes 98.0% - 106.1% (101.5)% of par Increase Credit risk factor 1.4% - 100.0% (6.2)% Decrease Non-performing loans (3) $ 1,573 Discounted cash flow Default rates 5.0% Decrease Non-performing loans (4) $ 1,309 Relative value analysis Credit risk factor 20.0% - 30.0% (20.1)% Decrease Mortgage servicing assets $ 382 Discounted cash flow Prepayment speed (CPR) 18.3% - 60.0% (26.1)% Decrease Discount rate 9.0% - 10.5% (9.1)% Decrease Interest-only strips $ 14 Discounted cash flow Prepayment speed (CPR) 18.3% - 24.2% (23.8)% Decrease Discount rate 9.0% 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) Consist of restructured loans. (4) Consist of other non-performing loans, excluding restructured loans.
Schedule of carrying amount and fair value of financial instruments	The carrying amount and fair value of the Corporation’s other financial instruments as of June 30, 2020 and 2019 were as follows: June 30, 2020 Carrying Fair (In Thousands) Amount Value Level 1 Level 2 Level 3 Financial assets: Loans held for investment, not recorded at fair value $ 900,538 $ 902,074 $ — $ — $ 902,074 Investment securities - held to maturity $ 118,627 $ 121,201 $ — $ 121,201 $ — FHLB – San Francisco stock $ 7,970 $ 7,970 $ — $ 7,970 $ — Financial liabilities: Deposits $ 892,969 $ 864,239 $ — $ — $ 864,239 Borrowings $ 141,047 $ 149,976 $ — $ — $ 149,976 June 30, 2019 Carrying Fair (In Thousands) Amount Value Level 1 Level 2 Level 3 Financial assets: Loans held for investment, not recorded at fair value $ 874,831 $ 861,374 $ — $ — $ 861,374 Investment securities - held to maturity $ 94,090 $ 95,359 $ — $ 95,359 $ — 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

Revenue From Contracts With C_2

Revenue From Contracts With Customers (Tables)	12 Months Ended
	Jun. 30, 2020
Revenue From Contracts With Customers
Schedule of non-interest income disaggregated by type of service	Year Ended June 30, Type of Services 2020 2019 (In Thousands) Loan servicing and other fees (1) $ 819 $ 1,051 Gain (loss) on sale of loans, net (1) (132) 7,135 Deposit account fees 1,610 1,928 Card and processing fees 1,454 1,568 Other (2) 769 829 Total non-interest income $ 4,520 $ 12,511 (1) Not in scope of ASC 606. (2) Includes BOLI of $189 and $186 for the year ended June 30, 2020 and 2019, respectively, which are not in scope of ASC 606.

Holding Company Condensed Fin_2

Holding Company Condensed Financial Information (Tables)	12 Months Ended
	Jun. 30, 2020
Holding Company Condensed Financial Information
Schedule of condensed statements of financial condition	June 30, (In Thousands) 2020 2019 Assets Cash and cash equivalents $ 6,842 $ 5,421 Investment in subsidiary 117,080 115,185 Other assets 108 131 $ 124,030 $ 120,737 Liabilities and Stockholders’ Equity Other liabilities $ 54 $ 96 Stockholders’ equity 123,976 120,641 $ 124,030 $ 120,737
Schedule of condensed statements of operations	Year Ended June 30, (In Thousands) 2020 2019 Dividend from the Bank $ 7,500 $ 7,500 Interest and other income 19 17 Total income 7,519 7,517 General and administrative expenses 1,166 1,209 Earnings before income taxes and equity in undistributed earnings of the Bank 6,353 6,308 Income tax benefit (338) (352) Earnings before equity in undistributed earnings of the Bank 6,691 6,660 Equity in undistributed earnings of the Bank 998 (2,243) Net income $ 7,689 $ 4,417
Schedule of condensed statements of cash flows	Year Ended June 30, (In Thousands) 2020 2019 Cash flow from operating activities: Net income $ 7,689 $ 4,417 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of the Bank (998) 2,243 Decrease (increase) in other assets 23 (8) (Decrease) increase in other liabilities (42) 33 Net cash provided by operating activities 6,672 6,685 Cash flow from financing activities: Exercise of stock options 215 553 Treasury stock purchases (1,283) (1,412) Cash dividends (4,183) (4,194) Net cash used for financing activities (5,251) (5,053) Net increase in cash and cash equivalents 1,421 1,632 Cash and cash equivalents at beginning of year 5,421 3,789 Cash and cash equivalents at end of year $ 6,842 $ 5,421

Reclassification Adjustment o_2

Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI") (Tables)	12 Months Ended
	Jun. 30, 2020
Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI")
Schedule of accumulated other comprehensive income	Unrealized Gains and Losses on Investment Securities (Dollars In Thousands, Net of Statutory Taxes) Available for Sale Interest-Only Strips Total Beginning balance at June 30, 2018 $ 194 $ 16 $ 210 Other comprehensive loss before reclassifications (44) (5) (49) Amount reclassified from accumulated other comprehensive income — — — Net other comprehensive loss (44) (5) (49) Ending balance at June 30, 2019 $ 150 $ 11 $ 161 Other comprehensive loss before reclassifications (56) (1) (57) Amount reclassified from accumulated other comprehensive income — — — Net other comprehensive loss (56) (1) (57) Ending balance at June 30, 2020 $ 94 $ 10 $ 104

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies - Basis of Presentation (Details)	12 Months Ended
	Jun. 30, 2020location
Organization and Summary of Significant Accounting Policies
Number of banking locations	13

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies - Loans originated and held for sale (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans serviced under MPF program			$ 7,400,000	$ 9,700,000
Recourse Liability	$ 270,000	$ 250,000	270,000	250,000
Recourse Liability [Roll Forward]
Balance, beginning of the period	250,000	283,000
Recourse recovery	20,000	(33,000)
Balance, end of the period	270,000	250,000
Mortgage Partnership Finance (MPF) Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recourse Liability	70,000	50,000	70,000	50,000
Recourse Liability [Roll Forward]
Balance, beginning of the period	50,000
Balance, end of the period	70,000	50,000
Other Investors
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recourse Liability	200,000	200,000	$ 200,000	200,000
Recourse Liability [Roll Forward]
Balance, beginning of the period	200,000
Balance, end of the period	200,000	200,000
Provident Bank Mortgage (PBM)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recourse Liability	25,000	25,000		$ 25,000
Recourse Liability [Roll Forward]
Balance, beginning of the period	25,000
Balance, end of the period		25,000
Loan sale premium refunds	78,000	96,000
Provident Bank Mortgage (PBM) | Mortgage Partnership Finance (MPF) Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repurchases of single-family loans	$ 1,100,000	$ 948,000

Organization and Summary of S_6

Organization and Summary of Significant Accounting Policies - Loans Held for Sale (Details)	Jun. 30, 2020	Jun. 30, 2019
Organization and Summary of Significant Accounting Policies
Portion of Loans Held for Investment	66.00%	63.00%

Organization and Summary of S_7

Organization and Summary of Significant Accounting Policies - Troubled Debt Restructuring (Details)	12 Months Ended
	Jun. 30, 2020
Organization and Summary of Significant Accounting Policies
Period of satisfactory contractual payments to remove restructured loan status	6 months
Period Of Satisfactory Contractual Payments To Remove Restructured Loan Status on Multiple Restructures	12 months

Organization and Summary of S_8

Organization and Summary of Significant Accounting Policies - Premises and Equipment (Details)	12 Months Ended
	Jun. 30, 2020
Buildings | Minimum
Premises and Equipment
Property, Plant and Equipment, Useful Life	10 years
Buildings | Maximum
Premises and Equipment
Property, Plant and Equipment, Useful Life	40 years
Furniture and Fixtures [Member] | Minimum
Premises and Equipment
Property, Plant and Equipment, Useful Life	3 years
Furniture and Fixtures [Member] | Maximum
Premises and Equipment
Property, Plant and Equipment, Useful Life	10 years
Automobiles | Minimum
Premises and Equipment
Property, Plant and Equipment, Useful Life	3 years
Automobiles | Maximum
Premises and Equipment
Property, Plant and Equipment, Useful Life	5 years
Computer Equipment [Member] | Minimum
Premises and Equipment
Property, Plant and Equipment, Useful Life	3 years
Computer Equipment [Member] | Maximum
Premises and Equipment
Property, Plant and Equipment, Useful Life	5 years
Leasehold improvements | Minimum
Premises and Equipment
Property, Plant and Equipment, Useful Life	1 year
Leasehold improvements | Maximum
Premises and Equipment
Property, Plant and Equipment, Useful Life	10 years

Organization and Summary of S_9

Organization and Summary of Significant Accounting Policies - Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Organization and Summary of Significant Accounting Policies
Estimated deferred tax asset	$ 3,011	$ 3,539

Organization and Summary of _10

Organization and Summary of Significant Accounting Policies - Stock Repurchases (Details)	12 Months Ended
	Jun. 30, 2020$ / sharesshares
Class of Stock
Number of shares available for future stock repurchases under the April 2020 stock repurchase plan	371,815
Common Stock
Class of Stock
Purchase of common stock shares	66,041
Stock repurchased during period (in dollars per share) | $ / shares	$ 19.43

Organization and Summary of _11

Organization and Summary of Significant Accounting Policies - Stock-based Compensation (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Organization and Summary of Significant Accounting Policies
Compensation cost	$ 954,000	$ 869,000

Organization and Summary of _12

Organization and Summary of Significant Accounting Policies - Restricted Stock (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Organization and Summary of Significant Accounting Policies
Restricted stock expense	$ 873,000	$ 515,000

Organization and Summary of _13

Organization and Summary of Significant Accounting Policies - Post Retirement Benefits (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Organization and Summary of Significant Accounting Policies
Accrued liability, post retirement benefits	$ 184,000	$ 196,000

Investment Securities - Schedul

Investment Securities - Schedule of amortized cost and estimated fair value of Held to maturity investments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Held to maturity
Amortized Cost	$ 118,627	$ 94,090
Gross Unrealized Gains	2,636	1,289
Gross Unrealized (Losses)	(62)	(20)
Estimated Fair Value	121,201	95,359
Carrying Value	118,627	94,090
U.S. government sponsored enterprise MBS
Held to maturity
Amortized Cost	115,763	90,394
Gross Unrealized Gains	2,636	1,289
Gross Unrealized (Losses)	(45)	(14)
Estimated Fair Value	118,354	91,669
Carrying Value	115,763	90,394
U.S. SBA securities
Held to maturity
Amortized Cost	2,064	2,896
Gross Unrealized Gains	0	0
Gross Unrealized (Losses)	(17)	(6)
Estimated Fair Value	2,047	2,890
Carrying Value	2,064	2,896
Certificate of deposits
Held to maturity
Amortized Cost	800	800
Gross Unrealized Gains	0	0
Gross Unrealized (Losses)	0	0
Estimated Fair Value	800	800
Carrying Value	$ 800	$ 800

Investment Securities - Sched_2

Investment Securities - Schedule of amortized cost and estimated fair value of Available for sale securities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Available for sale
Amortized Cost	$ 4,583	$ 5,757
Gross Unrealized Gains	141	213
Gross Unrealized (Losses)	(7)	(1)
Estimated Fair Value	4,717	5,969
Carrying value	4,717	5,969
U.S. government agency MBS
Available for sale
Amortized Cost	2,823	3,498
Gross Unrealized Gains	120	116
Gross Unrealized (Losses)	0	(1)
Estimated Fair Value	2,943	3,613
Carrying value	2,943	3,613
U.S. government sponsored enterprise MBS
Available for sale
Amortized Cost	1,556	1,998
Gross Unrealized Gains	21	89
Gross Unrealized (Losses)	0	0
Estimated Fair Value	1,577	2,087
Carrying value	1,577	2,087
Private issue CMO
Available for sale
Amortized Cost	204	261
Gross Unrealized Gains	0	8
Gross Unrealized (Losses)	(7)	0
Estimated Fair Value	197	269
Carrying value	$ 197	$ 269

Investment Securities - Total i

Investment Securities - Total investment securities for amortized cost and estimated fair value (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Investment Securities
Amortized Cost	$ 123,210	$ 99,847
Gross Unrealized Gains	2,777	1,502
Gross Unrealized (Losses)	(69)	(21)
Estimated Fair Value	125,918	101,328
Carrying Value	$ 123,344	$ 100,059

Investment Securities - Investm

Investment Securities - Investments with Unrealized Loss Positions for Held to maturity (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Schedule of Held-to-maturity Securities [Line Items]
Unrealized Holding Losses Less Than 12 Months, Fair Value	$ 12,731,000	$ 6,507,000
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	45,000	8,000
Unrealized Holding Losses 12 Months or More, Fair Value	2,040,000	4,540,000
Unrealized Holding Losses 12 Months or More, Unrealized Losses	17,000	12,000
Unrealized Holding Losses Total, Fair Value	14,771,000	11,047,000
Unrealized Holding Losses Total, Unrealized Losses	62,000	20,000
U.S. government sponsored enterprise MBS
Schedule of Held-to-maturity Securities [Line Items]
Unrealized Holding Losses Less Than 12 Months, Fair Value	12,731,000	6,507,000
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	45,000	8,000
Unrealized Holding Losses 12 Months or More, Fair Value	0	1,657,000
Unrealized Holding Losses 12 Months or More, Unrealized Losses	0	6,000
Unrealized Holding Losses Total, Fair Value	12,731,000	8,164,000
Unrealized Holding Losses Total, Unrealized Losses	45,000	14,000
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	2,040,000	2,883,000
Unrealized Holding Losses 12 Months or More, Unrealized Losses	17,000	6,000
Unrealized Holding Losses Total, Fair Value	2,040,000	2,883,000
Unrealized Holding Losses Total, Unrealized Losses	$ 17,000	$ 6,000

Investment Securities - Inves_2

Investment Securities - Investments with Unrealized Loss Positions for Available for sale (Details) - USD ($) $ in Thousands	Jun. 30, 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	7	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	7	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
Private Issue CMO
Schedule of Available-for-sale Securities [Line Items]
Unrealized Holding Losses, Less Than 12 Months, Fair Value	197
Unrealized Holding Losses, Less Than 12 Months, Unrealized Losses	7
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	197
Unrealized Holding Losses Total, Unrealized Losses	$ 7

Investment Securities - Inves_3

Investment Securities - Investments with Unrealized Loss Positions for total investment securities (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Investment Securities
Unrealized Holding Losses Less Than 12 Months, Fair Value	$ 12,928,000	$ 6,796,000
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	52,000	9,000
Unrealized Holding Losses 12 Months or More, Fair Value	2,040,000	4,540,000
Unrealized Holding Losses 12 Months or More, Unrealized Losses	17,000	12,000
Unrealized Holding Losses Total, Fair Value	14,968,000	11,336,000
Unrealized Holding Losses Total, Unrealized Losses	$ 69,000	$ 21,000

Investment Securities - Sched_3

Investment Securities - Schedule of Held to maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Held to maturity, Amortized Cost
Due in one year or less	$ 800	$ 400
Due after one through five years	19,389	32,584
Due after five through ten years	50,895	35,306
Due after ten years	47,543	25,800
Total investment securities - held to maturity, Amortized Cost	118,627	94,090
Held to maturity, Estimated Fair Value
Due in one year or less	800	400
Due after one through five years	20,194	32,728
Due after five through ten years	52,315	36,090
Due after ten years	47,892	26,141
Total investment securities - held to maturity, Estimated Fair Value	$ 121,201	$ 95,359

Investment Securities - Sched_4

Investment Securities - Schedule of Available for Sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 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	4,583	5,757
Total investment securities - available for sale, Amortized Cost	4,583	5,757
Available for sale, Estimated Fair Value
Due in one year or less	0	0
Due after one through five years	0
Due after five through ten years	0	0
Due after ten years	4,717	5,969
Total investment securities - available for sale, Estimated Fair Value	$ 4,717	$ 5,969

Investment Securities - Sched_5

Investment Securities - Schedule of Available for Sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Investment Securities
Amortized Cost	$ 123,210	$ 99,847
Estimated Fair Value	$ 125,918	$ 101,328

Investment Securities - Mortgag

Investment Securities - Mortgage Backed Securities Policy (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Schedule of Available-for-sale Securities [Line Items]
Unrealized Holding Losses Total, Unrealized Losses	$ 69,000	$ 21,000
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	52,000	9,000
Unrealized Holding Losses 12 Months or More, Unrealized Losses	17,000	12,000
U.S. government sponsored enterprise MBS
Schedule of Available-for-sale Securities [Line Items]
Principal payments from investment securities available for sale	32,100,000	34,200,000
Payments to acquire Mortgage Backed Securities (MBS) categorized as Held-to-maturity	55,900,000	39,900,000
Unrealized Holding Losses 12 Months or More, Unrealized Losses	$ 0	$ 6,000

Loans Held for Investment - Sch

Loans Held for Investment - Schedule of Loans Held for Investment (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	$ 904,466	$ 881,338
Advance payments of escrows	68	53
Deferred loan costs, net	6,527	5,610
Allowance for loan losses	(8,265)	(7,076)	$ (7,385)
Total loans held for investment, net	902,796	879,925
Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	(1,110)	(1,050)	(1,030)
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	(171)	(61)	$ (47)
Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	298,810	324,952
Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	491,903	439,041
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	7,801	4,638
Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	480	478
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	94	134
Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	$ 143	$ 167

Loans Held for Investment - S_2

Loans Held for Investment - Schedule of Loans Held for Investment Contractually Repricing (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	$ 904,466	$ 881,338
Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	298,810	324,952
Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	491,903	439,041
Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	105,235	111,928
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	7,801	4,638
Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	143	167
Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	480	478
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	94	$ 134
Within One Year [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	296,611
Within One Year [Member] | Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	80,167
Within One Year [Member] | Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	161,881
Within One Year [Member] | Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	48,343
Within One Year [Member] | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	6,041
Within One Year [Member] | Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
Within One Year [Member] | Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	85
Within One Year [Member] | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	94
After One Year Through 3 Years [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	238,246
After One Year Through 3 Years [Member] | Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	54,690
After One Year Through 3 Years [Member] | Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	156,014
After One Year Through 3 Years [Member] | Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	27,542
After One Year Through 3 Years [Member] | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
After One Year Through 3 Years [Member] | Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
After One Year Through 3 Years [Member] | Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
After One Year Through 3 Years [Member] | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
After 3 Years Through 5 Years [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	276,613
After 3 Years Through 5 Years [Member] | Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	89,820
After 3 Years Through 5 Years [Member] | Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	157,783
After 3 Years Through 5 Years [Member] | Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	29,010
After 3 Years Through 5 Years [Member] | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
After 3 Years Through 5 Years [Member] | Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
After 3 Years Through 5 Years [Member] | Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
After 3 Years Through 5 Years [Member] | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
After 5 Years Through 10 Years [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	81,971
After 5 Years Through 10 Years [Member] | Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	65,902
After 5 Years Through 10 Years [Member] | Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	16,069
After 5 Years Through 10 Years [Member] | Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
After 5 Years Through 10 Years [Member] | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
After 5 Years Through 10 Years [Member] | Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
After 5 Years Through 10 Years [Member] | Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
After 5 Years Through 10 Years [Member] | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	0
Fixed Rate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	11,025
Fixed Rate | Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	8,231
Fixed Rate | Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	156
Fixed Rate | Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	340
Fixed Rate | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	1,760
Fixed Rate | Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Noncurrent	143
Fixed Rate | Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	395
Fixed Rate | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	$ 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	Jun. 30, 2020	Jun. 30, 2019
Loans and Leases Receivable, Gross	$ 904,466	$ 881,338
Mortgage loans, Single-family
Loans and Leases Receivable, Gross	298,810	324,952
Mortgage Loans, Multi Family
Loans and Leases Receivable, Gross	491,903	439,041
Mortgage loans, Commercial real estate
Loans and Leases Receivable, Gross	105,235	111,928
Construction
Loans and Leases Receivable, Gross	7,801	4,638
Mortgage Loans Other
Loans and Leases Receivable, Gross	143	167
Commercial business loans
Loans and Leases Receivable, Gross	480	478
Consumer loans
Loans and Leases Receivable, Gross	94	134
Pass
Loans and Leases Receivable, Gross	890,083	864,611
Pass | Mortgage loans, Single-family
Loans and Leases Receivable, Gross	289,942	314,036
Pass | Mortgage Loans, Multi Family
Loans and Leases Receivable, Gross	488,126	435,177
Pass | Mortgage loans, Commercial real estate
Loans and Leases Receivable, Gross	105,235	111,001
Pass | Construction
Loans and Leases Receivable, Gross	6,098	3,667
Pass | Mortgage Loans Other
Loans and Leases Receivable, Gross	143	167
Pass | Commercial business loans
Loans and Leases Receivable, Gross	445	429
Pass | Consumer loans
Loans and Leases Receivable, Gross	94	134
Special Mention
Loans and Leases Receivable, Gross	8,600	8,586
Special Mention | Mortgage loans, Single-family
Loans and Leases Receivable, Gross	3,120	3,795
Special Mention | Mortgage Loans, Multi Family
Loans and Leases Receivable, Gross	3,777	3,864
Special Mention | Mortgage loans, Commercial real estate
Loans and Leases Receivable, Gross	0	927
Special Mention | Construction
Loans and Leases Receivable, Gross	1,703	0
Special Mention | Mortgage Loans Other
Loans and Leases Receivable, Gross	0
Special Mention | Commercial business loans
Loans and Leases Receivable, Gross	0	0
Special Mention | Consumer loans
Loans and Leases Receivable, Gross	0	0
Substandard
Loans and Leases Receivable, Gross	5,783	8,141
Substandard | Mortgage loans, Single-family
Loans and Leases Receivable, Gross	5,748	7,121
Substandard | Mortgage Loans, Multi Family
Loans and Leases Receivable, Gross	0	0
Substandard | Mortgage loans, Commercial real estate
Loans and Leases Receivable, Gross	0	0
Substandard | Construction
Loans and Leases Receivable, Gross	0	971
Substandard | Mortgage Loans Other
Loans and Leases Receivable, Gross	0
Substandard | Commercial business loans
Loans and Leases Receivable, Gross	35	49
Substandard | Consumer loans
Loans and Leases Receivable, Gross	$ 0	$ 0

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	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 7,076	$ 7,385
Provision (recovery) for loan losses	1,119	(475)
Recoveries	72	200
Charge-offs	(2)	(34)
Net (charge-offs) recoveries	(2)	(34)
Balance, end of the period	8,265	7,076
Total individually evaluated allowance	100	130
Total collectively evaluated allowance	8,165	6,946
Individually evaluated for impairment	3,406	6,219
Collectively evaluated for impairment	901,060	875,119
Total Loans Held for Investment, Gross	$ 904,466	$ 881,338
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	0.91%	0.80%
Mortgage loans, Single-family
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 2,709	$ 2,783
Provision (recovery) for loan losses	(156)	(241)
Recoveries	70	198
Net (charge-offs) recoveries	(1)	(31)
Balance, end of the period	2,622	2,709
Total individually evaluated allowance	96	122
Total collectively evaluated allowance	2,526	2,587
Individually evaluated for impairment	3,371	5,199
Collectively evaluated for impairment	295,439	319,753
Total Loans Held for Investment, Gross	$ 298,810	$ 324,952
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	0.88%	0.83%
Mortgage Loans, Multi Family
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 3,219	$ 3,492
Provision (recovery) for loan losses	1,110	(273)
Recoveries	0	0
Net (charge-offs) recoveries	0	0
Balance, end of the period	4,329	3,219
Total individually evaluated allowance	0	0
Total collectively evaluated allowance	4,329	3,219
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	491,903	439,041
Total Loans Held for Investment, Gross	$ 491,903	$ 439,041
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	0.88%	0.73%
Mortgage loans, Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 1,050	$ 1,030
Provision (recovery) for loan losses	60	20
Recoveries	0	0
Net (charge-offs) recoveries	0	0
Balance, end of the period	1,110	1,050
Total individually evaluated allowance	0	0
Total collectively evaluated allowance	1,110	1,050
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	105,235	111,928
Total Loans Held for Investment, Gross	$ 105,235	$ 111,928
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	1.05%	0.94%
Construction
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 61	$ 47
Provision (recovery) for loan losses	110	14
Recoveries	0	0
Net (charge-offs) recoveries	0	0
Balance, end of the period	171	61
Total individually evaluated allowance	0	0
Total collectively evaluated allowance	171	61
Individually evaluated for impairment	0	971
Collectively evaluated for impairment	7,801	3,667
Total Loans Held for Investment, Gross	$ 7,801	$ 4,638
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	2.19%	1.32%
Mortgage Loans Other
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 3	$ 3
Provision (recovery) for loan losses	0	0
Recoveries	0	0
Net (charge-offs) recoveries	0	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	143	167
Total Loans Held for Investment, Gross	$ 143	$ 167
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	2.10%	1.80%
Commercial business loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 26	$ 24
Provision (recovery) for loan losses	(2)	0
Recoveries	0	2
Net (charge-offs) recoveries	0	0
Balance, end of the period	24	26
Total individually evaluated allowance	4	8
Total collectively evaluated allowance	20	18
Individually evaluated for impairment	35	49
Collectively evaluated for impairment	445	429
Total Loans Held for Investment, Gross	$ 480	$ 478
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	5.00%	5.44%
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance, beginning of the period	$ 8	$ 6
Provision (recovery) for loan losses	(3)	5
Recoveries	2	0
Net (charge-offs) recoveries	(1)	(3)
Balance, end of the period	6	8
Total individually evaluated allowance	0	0
Total collectively evaluated allowance	6	8
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	94	134
Total Loans Held for Investment, Gross	$ 94	$ 134
Allowance for loan losses as a percentage of gross loans held for investment at the end of the period	6.38%	5.97%

Loans Held for Investment - S_5

Loans Held for Investment - Schedule of Total Recorded Investment in Non-Performing Loans by Type (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Financing Receivable, Allowance for Credit Losses [Line Items]
Related Allowance	$ (442)	$ (442)
Unpaid Principal Balance	5,833	7,178
Related Charge-Offs	(467)	(518)
Recorded Investment	5,366	6,660
Recorded Investment, Net of Allowance	4,924	6,218
Impaired financing receivable, recorded investment, average	4,426	6,606
Impaired financing receivable, interest income recognized	203	408
Mortgage loans, Single-family
Financing Receivable, Allowance for Credit Losses [Line Items]
With a related allowance Unpaid Principal Balance	3,289	2,640
With Related Allowance, Related Charge-Offs	0	0
With Related Allowance, Recorded Investment	3,289	2,640
Related Allowance	(438)	(434)
Recorded Investment, with Related Allowance, Net	2,851	2,206
Without a related allowance, Unpaid Principal Balance	2,509	3,518
With No Related Allowance, Related Charge-Offs	(467)	(518)
With No Related Allowance, Recorded Investment	2,042	3,000
Recorded Investment, with No Related Allowance, Net	2,042	3,000
Unpaid Principal Balance	5,798	6,158
Related Charge-Offs	(467)	(518)
Recorded Investment	5,331	5,640
Recorded Investment, Net of Allowance	4,893	5,206
Impaired financing receivable, recorded investment, with related allowance, average	1,541	1,583
Impaired financing receivable, interest income recognized, with related allowance	60	110
Impaired Financing Receivable, Interest Income Recognized, with No Related Allowance	119	293
Impaired financing receivable, recorded investment, without a related allowance, average	2,572	4,301
Impaired financing receivable, recorded investment, average	4,113	5,884
Impaired financing receivable, interest income recognized	179	403
Construction
Financing Receivable, Allowance for Credit Losses [Line Items]
Related Allowance	0
Recorded Investment, with Related Allowance, Net		0
Without a related allowance, Unpaid Principal Balance	0	971
With No Related Allowance, Related Charge-Offs	0	0
With No Related Allowance, Recorded Investment		971
Recorded Investment, with No Related Allowance, Net	0	971
Unpaid Principal Balance	0	971
Related Charge-Offs	0	0
Recorded Investment	0	971
Recorded Investment, Net of Allowance	0	971
Impaired Financing Receivable, Interest Income Recognized, with No Related Allowance	20
Impaired financing receivable, recorded investment, without a related allowance, average	271	664
Impaired financing receivable, recorded investment, average	271	664
Impaired financing receivable, interest income recognized	20
Commercial business loans
Financing Receivable, Allowance for Credit Losses [Line Items]
With a related allowance Unpaid Principal Balance	35	49
With Related Allowance, Related Charge-Offs	0	0
With Related Allowance, Recorded Investment	35	49
Related Allowance	(4)	(8)
Recorded Investment, with Related Allowance, Net	31	41
Unpaid Principal Balance	35	49
Related Charge-Offs	0	0
Recorded Investment	35	49
Recorded Investment, Net of Allowance	31	41
Impaired financing receivable, recorded investment, with related allowance, average	42	58
Impaired financing receivable, interest income recognized, with related allowance	4	5
Impaired financing receivable, recorded investment, average	42	58
Impaired financing receivable, interest income recognized	$ 4	$ 5

Loans Held for Investment - S_6

Loans Held for Investment - Schedule of loan forbearance related to COVID-19 hardship requests (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2020USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Forbearance Granted, Number of Loans	57
Forbearance Granted, Amount	$ 24,133
Forbearance Completed, Number of Loans	4
Forbearance Completed, Amount	$ 1,579
Forbearance Remaining, Number of Loans	53
Forbearance Remaining, Amount	$ 22,554
% of Total Loans	2.49%
Weighted Avg. LTV	61.00%
Weighted Avg. FICO	727
Weighted Avg. Debt Coverage Ratio	1.53
Weighted Avg. Forbearance Period Granted	5 years 8 months 12 days
Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Forbearance Granted, Number of Loans	52
Forbearance Granted, Amount	$ 21,470
Forbearance Completed, Number of Loans	4
Forbearance Completed, Amount	$ 1,579
Forbearance Remaining, Number of Loans	48
Forbearance Remaining, Amount	$ 19,891
% of Total Loans	2.20%
Weighted Avg. LTV	64.00%
Weighted Avg. FICO	727
Weighted Avg. Forbearance Period Granted	6 years
Number of additional loans that have pending requests for payment relief	7
Value of pending requests for payment relief	$ 2,600
Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Forbearance Granted, Number of Loans	3
Forbearance Granted, Amount	$ 1,592
Forbearance Remaining, Number of Loans	3
Forbearance Remaining, Amount	$ 1,592
% of Total Loans	0.17%
Weighted Avg. LTV	41.00%
Weighted Avg. FICO	719
Weighted Avg. Debt Coverage Ratio	1.65
Weighted Avg. Forbearance Period Granted	3 years 3 months 18 days
Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Forbearance Granted, Number of Loans	2
Forbearance Granted, Amount	$ 1,071
Forbearance Remaining, Number of Loans	2
Forbearance Remaining, Amount	$ 1,071
% of Total Loans	0.12%
Weighted Avg. LTV	31.00%
Weighted Avg. FICO	755
Weighted Avg. Debt Coverage Ratio	1.36
Weighted Avg. Forbearance Period Granted	3 years 6 months
Commercial real estate loans, Office
Accounts, Notes, Loans and Financing Receivable [Line Items]
Forbearance Remaining, Amount	$ 579
Commercial real estate loans, Mixed Used - Office/Single-Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Forbearance Remaining, Amount	$ 493

Loans Held for Investment - S_7

Loans Held for Investment - Schedule of Past Due Status of Loans Held for Investment, Gross (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans deemed uncollectible, period of delinquency	90 days
Current	$ 898,947	$ 874,032
30-89 Days Past Due	219	665
Non-Accrual	5,300	6,641
Total Loans Held for Investment, Gross	904,466	881,338
Mortgage loans, Single-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	293,326	318,671
30-89 Days Past Due	219	660
Non-Accrual	5,265	5,621
Total Loans Held for Investment, Gross	298,810	324,952
Mortgage Loans, Multi Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	491,903	439,041
30-89 Days Past Due	0	0
Non-Accrual	0	0
Total Loans Held for Investment, Gross	491,903	439,041
Mortgage loans, Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	105,235	111,928
30-89 Days Past Due	0	0
Non-Accrual	0	0
Total Loans Held for Investment, Gross	105,235	111,928
Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	7,801	3,667
30-89 Days Past Due	0	0
Non-Accrual	0	971
Total Loans Held for Investment, Gross	7,801	4,638
Mortgage Loans Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	143	167
30-89 Days Past Due	0	0
Non-Accrual	0	0
Total Loans Held for Investment, Gross	143	167
Commercial business loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	445	429
30-89 Days Past Due	0	0
Non-Accrual	35	49
Total Loans Held for Investment, Gross	480	478
Consumer loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	94	129
30-89 Days Past Due	0	5
Non-Accrual	0	0
Total Loans Held for Investment, Gross	$ 94	$ 134
Bankruptcy [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans deemed uncollectible, period of delinquency	60 days
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 - Eff

Loans Held For Investment - Effect of Nonperforming Loans on Interest Income (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Loans Held for Investment
Net foregone interest	$ 109,000	$ 166,000

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) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Financing Receivable, Modifications [Line Items]
Restructured loans on non-accrual status	$ 2,643	$ 1,932
Restructured loans on accrual status	0	1,861
Restructured loans	2,643	3,793
Mortgage loans, Single-family
Financing Receivable, Modifications [Line Items]
Restructured loans on non-accrual status	2,612	1,891
Restructured loans on accrual status	0	1,861
Commercial business loans
Financing Receivable, Modifications [Line Items]
Restructured loans on non-accrual status	$ 31	$ 41

Loans Held for Investment - S_9

Loans Held for Investment - Schedule of Restructured Loans by Type, Net of Individually Evaluated Allowances (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2020USD ($)loan	Jun. 30, 2019USD ($)loan
Financing Receivable, Impaired [Line Items]
Number of modified loans | loan	2	0
Restructured Loans, Allowance for Loan Losses	$ (112)	$ (130)
Restructured Loans, Unpaid Principal Balance	3,120	4,288
Restructured Loans, Related Charge-offs	(365)	(365)
Restructured Loans, Recorded Investment	2,755	3,923
Restructured loans, net investment	2,643	3,793
Mortgage loans, Single-family
Financing Receivable, Impaired [Line Items]
Restructured Loans, With Related Allowance, Unpaid Principal Balance	1,650	2,199
Restructured Loans, With Related Allowance, Related Charge-offs	0	0
Restructured Loans, With a Related Allowance, Recorded Investment	1,650	2,199
Restructured Loans, Allowance for Loan Losses	(108)	(122)
Restructured loans, with a related allowance, net investment	1,542	2,077
Restructured Loans, Without a Related Allowance, Unpaid Principal Balance	1,435	2,040
Restructured Loans, Without a Related Allowance, Related Charge-offs	(365)	(365)
Restructured Loans, Without a Related Allowance, Recorded Investment	1,070	1,675
Restructured Loans, Without a Related Allowance, Net Investment	1,070	1,675
Restructured Loans, Unpaid Principal Balance	3,085	4,239
Restructured Loans, Related Charge-offs	(365)	(365)
Restructured Loans, Recorded Investment	2,720	3,874
Restructured loans, net investment	2,612	3,752
Commercial business loans
Financing Receivable, Impaired [Line Items]
Restructured Loans, With Related Allowance, Unpaid Principal Balance	35	49
Restructured Loans, With Related Allowance, Related Charge-offs	0	0
Restructured Loans, With a Related Allowance, Recorded Investment	35	49
Restructured Loans, Allowance for Loan Losses	(4)	(8)
Restructured loans, with a related allowance, net investment	31	41
Restructured Loans, Without a Related Allowance, Unpaid Principal Balance		49
Restructured Loans, Without a Related Allowance, Related Charge-offs		0
Restructured Loans, Unpaid Principal Balance	35
Restructured Loans, Related Charge-offs	0
Restructured Loans, Recorded Investment	35	49
Restructured loans, net investment	$ 31	$ 41
Substandard
Financing Receivable, Impaired [Line Items]
Number of modified loans | loan	8

Loans Held For Investment - Rel

Loans Held For Investment - Related Party Loan Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance, beginning of year	$ 2	$ 677
Originations	0	0
Sales and payments	(1)	(675)
Balance, end of year	$ 1	$ 2

Loans Held for Investment - Add

Loans Held for Investment - Additional Information (Details)	12 Months Ended
	Jun. 30, 2020USD ($)loan	Jun. 30, 2019USD ($)loan
Fixed-rate loans as a percentage of total loans held for investment	1.00%	2.00%
Loans deemed uncollectible, period of delinquency	90 days
Loans held for investment	$ 904,466,000	$ 881,338,000
Loan interest income added to negative amortization loan balance	0
Loans and Leases Receivable, Impaired, Commitment to Lend	0	0
Interest income, non-performing loans, cash basis	312,000	574,000
Interest lost on non-performing Loans	109,000	166,000
Average investment in non-performing loans	4,400,000	6,600,000
Loans receivable, modified and extended beyond initial maturity	$ 0	$ 56,000
Number of modified loans | loan	2	0
Restructed Loans, Number of Loans Paid off | loan	2	1
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | loan	0	0
Loans receivable, restructured loans, nonaccrual status	$ 0	$ 1,861,000
Restructured loans on non-accrual status	$ 2,643,000	1,932,000
First Trust Deed Loans
Loans deemed uncollectible, period of delinquency	150 days
Mortgage loans, Single-family
Loans receivable, restructured loans, nonaccrual status	$ 0	1,861,000
Restructured loans on non-accrual status	2,612,000	1,891,000
Commercial business loans
Restructured loans on non-accrual status	$ 31,000	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	$ 1,200,000
Commercial Real Estate Or Second Mortgage [Member]
Loans deemed uncollectible, period of delinquency	120 days
Restructured loans on accrual status
Loans held for investment		3,800,000
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	$ 5,783,000	8,141,000
Number of modified loans | loan	8
Substandard | Restructured loans on accrual status
Loans held for investment	$ 2,600,000	$ 1,400,000
Number of modified loans | loan		1
Substandard | Restructured loans on non-accrual status
Loans held for investment		$ 1,900,000
Number of modified loans | loan		6
Pass
Loans held for investment	$ 890,083,000	$ 864,611,000
Number of modified loans | loan	1	3
Special Mention
Loans held for investment	$ 8,600,000	$ 8,586,000
Special Mention | Restructured loans on accrual status
Loans held for investment		$ 437,000
Number of modified loans | loan		1
Current
Loans held for investment		$ 1,200,000
Number of modified loans | loan		8
Percent of total restructured loans on current status	44.00%	44.00%
Interest income
Interest income, non-performing loans, cash basis	$ 203,000	$ 408,000
Construction [Member]
Interest income, non-performing loans, cash basis		$ 1,000,000

Mortgage Loan Servicing and L_3

Mortgage Loan Servicing and Loans Originated for Sale - Loans Serviced for Others (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Servicing Assets at Amortized Value
Loans serviced for others	$ 86,505	$ 120,236
Freddie Mac [Member]
Servicing Assets at Amortized Value
Loans serviced for others	14,210	18,613
Fannie Mae [Member]
Servicing Assets at Amortized Value
Loans serviced for others	64,910	89,910
FHLB - San Francisco [Member]
Servicing Assets at Amortized Value
Loans serviced for others	7,385	9,724
Other Investors
Servicing Assets at Amortized Value
Loans serviced for others	$ 0	$ 1,989

Mortgage Loan Servicing and L_4

Mortgage Loan Servicing and Loans Originating for Sale - Amortized Value (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Servicing Asset at Amortized Value, Balance
MSA balance, beginning of fiscal year	$ 925,000	$ 998,000
Additions	0	52,000
Amortization	(252,000)	(125,000)
MSA balance, end of fiscal year, before allowance	673,000	925,000
Allowance	(291,000)	(298,000)	$ (82,000)
MSA balance, end of fiscal year	$ 382,000	$ 627,000

Mortgage Loan Servicing and L_5

Mortgage Loan Servicing and Loans Originating for Sale - Fair Value (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Servicing Asset at Fair Value, Amount
Fair value, beginning of fiscal year	$ 627,000	$ 1,015,000
Fair value, end of fiscal year	382,000	627,000
Valuation Allowance for Impairment of Recognized Servicing Assets
Allowance, beginning of fiscal year	298,000	82,000
Impairment (recovery) provision	(7,000)	216,000
Allowance, end of fiscal year	$ 291,000	$ 298,000
Weighted-average discount rate	9.11%	9.11%
Weighted-average prepayment speed	26.07%	23.86%

Mortgage Loan Servicing and L_6

Mortgage Loan Servicing and Loans Originating for Sale - Future Amortization (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Mortgage Loan Servicing and Loans Originated for Sale
2021	$ 129,000
2022	103,000
2023	74,000
2024	51,000
2025	35,000
Thereafter	281,000
Total estimated amortization expense	$ 673,000	$ 925,000

Mortgage Loan Servicing and L_7

Mortgage Loan Servicing and Loans Originated for Sale - Hypothetical Effect (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Mortgage Loan Servicing and Loans Originated for Sale
MSA net carrying value	$ 382	$ 627
CPR assumption (weighted-average)	26.07%	23.86%
Impact on fair value with 10% adverse change in prepayment speed	$ (19)	$ (30)
Impact on fair value with 20% adverse change in prepayment speed	$ (35)	$ (58)
Discount rate assumption (weighted-average)	9.11%	9.11%
Impact on fair value with 10% adverse change in discount rate	$ (12)	$ (20)
Impact on fair value with 20% adverse change in discount rate	$ (23)	$ (40)

Mortgage Loan Servicing and L_8

Mortgage Loan Servicing and Loans Originated for Sale - Loans Sold (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Servicing Assets at Amortized Value
Proceeds from sale of loans	$ 0	$ 558,950
Servicing - released [Member]
Servicing Assets at Amortized Value
Proceeds from sale of loans	0	551,754
Servicing - retained [Member]
Servicing Assets at Amortized Value
Proceeds from sale of loans	$ 0	$ 7,196

Mortgage Loan Servicing and L_9

Mortgage Loan Servicing and Loans Originated for Sale - Additional information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Servicing Assets at Fair Value
Escrow balance	$ 68,000	$ 53,000
CPR assumption (weighted-average)	26.07%	23.86%
Weighted-average discount rate	9.11%	9.11%
Mortgage servicing assets at carrying value	$ 673,000	$ 925,000
Mortgage servicing assets, fair value	382,000	627,000	$ 1,015,000
Allowance for mortgage servicing assets	291,000	298,000	$ 82,000
Additions	0	52,000
Amortization	252,000	125,000
Proceeds from sale of loans	0	558,950,000
Outstanding loans held for sale	0	0
Loans Serviced for Others [Member]
Servicing Assets at Fair Value
Escrow balance	$ 377,000	$ 539,000

Leases - Supplemental informati

Leases - Supplemental information (Details)	12 Months Ended
	Jun. 30, 2020USD ($)
Lessee, Lease, Description [Line Items]
Lease expense	$ 825,000
Condensed Consolidated Statements of Condition:
Premises and equipment - Operating lease right of use assets	2,525,000
Condensed Consolidated Statements of Operations:
Premises and occupancy expenses from operating leases	768,000
Equipment expenses from operating leases	57,000
Condensed Consolidated Statements of Cash Flows:
Operating cash flows from operating leases, net	1,035,000
Accounts Payable and Accrued Liabilities [Member]
Condensed Consolidated Statements of Condition:
Operating lease liabilities	$ 2,640,000

Leases - Remaining contractual

Leases - Remaining contractual lease payments and other information (Details) $ in Thousands	Jun. 30, 2020USD ($)
Remaining minimum contractual lease payments and other information associated with the leases
2021	$ 750
2022	671
2023	469
2024	359
2025	255
Thereafter	275
Total minimum payments required	2,779
Total liability to make lease payments	2,640
Difference in undiscounted and discounted future lease payments	$ 139
Weighted average discount rate	2.16%
Weighted average remaining lease term (years)	4 years 7 months 6 days

Leases - Impact of the adoption

Leases - Impact of the adoption of new lease accounting guidance (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jul. 01, 2019	Jun. 30, 2019	Jun. 30, 2018
Lessee, Lease, Description [Line Items]
Total assets	$ 1,176,837		$ 1,084,850
Total liabilities	1,052,861		964,209
Total equity	$ 123,976		$ 120,641	$ 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

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Premises and Equipment
Operating lease - right of use assets(1)	$ 2,525,000
Premises and equipment, gross	23,812,000	$ 21,472,000
Less accumulated depreciation and amortization	(13,558,000)	(13,246,000)
Total premises and equipment, net	10,254,000	8,226,000
Depreciation and amortization expense	1,500,000	881,000
Land
Premises and Equipment
Premises and equipment, gross	2,853,000	2,853,000
Buildings
Premises and Equipment
Premises and equipment, gross	9,734,000	9,759,000
Leasehold improvements
Premises and Equipment
Premises and equipment, gross	3,243,000	3,252,000
Furniture and equipment
Premises and Equipment
Premises and equipment, gross	5,290,000	5,438,000
Automobiles
Premises and Equipment
Premises and equipment, gross	$ 167,000	$ 170,000

Deposits - Summary (Details)

Deposits - Summary (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Deposit Liabilities [Line Items]
Checking deposits - non interest-bearing	$ 118,771	$ 90,184
Checking deposits - interest-bearing	290,463	257,909
Savings deposits	273,769	264,387
Money market deposits	39,989	35,646
Total deposits	$ 892,969	$ 841,271
Weighted-average interest rate on deposits	0.26%	0.37%
Under $100
Deposit Liabilities [Line Items]
Time deposits	$ 82,180	$ 94,200
$100 and over
Deposit Liabilities [Line Items]
Time deposits	$ 87,797	$ 98,945
Minimum
Deposit Liabilities [Line Items]
Checking deposits - interest-bearing, Interest Rate	0.00%	0.00%
Savings deposits, Interest Rate	0.00%	0.00%
Money market deposits, Interest Rate	0.00%	0.00%
Minimum | Under $100
Deposit Liabilities [Line Items]
Time deposits, Interest Rate	0.00%	0.00%
Minimum | $100 and over
Deposit Liabilities [Line Items]
Time deposits, Interest Rate	0.15%	0.15%
Maximum
Deposit Liabilities [Line Items]
Checking deposits - interest-bearing, Interest Rate	0.25%	0.30%
Savings deposits, Interest Rate	1.00%	1.29%
Money market deposits, Interest Rate	2.00%	2.00%
Maximum | Under $100
Deposit Liabilities [Line Items]
Time deposits, Interest Rate	2.13%	2.13%
Maximum | $100 and over
Deposit Liabilities [Line Items]
Time deposits, Interest Rate	2.13%	2.52%

Deposits - Time Deposit Maturit

Deposits - Time Deposit Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Capital
One year or less	$ 90,576	$ 106,080
Over one to two years	33,995	37,117
Over two to three years	25,937	26,334
Over three to four years	8,184	15,135
Over four to five years	10,350	7,784
Over five years	935	695
Total time deposits	$ 169,977	$ 193,145

Deposits - Interest Expense (De

Deposits - Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Capital
Checking deposits - interest-bearing	$ 314	$ 305
Savings deposits	496	572
Money market deposits	110	123
Time deposits	2,023	2,381
Total interest expense on deposits	$ 2,943	$ 3,381

Borrowings (Details)

Borrowings (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Discount window facility is with FHLB and Federal Reserve Bank of San Francisco
Federal Home Loan Bank stock, cash dividends distributed	$ 534,000	$ 707,000
Federal Home Loan Bank stock cash dividends includes special cash dividend		133,000
Advances, Federal Funds Facility with Correspondent Bank	17,000,000	17,000,000
Federal Home Loan Bank stock, redeemed amount	229,000
Discount Window Facility [Member]
Discount window facility is with FHLB and Federal Reserve Bank of San Francisco
Federal Reserve Bank of San Francisco	0	0
San Francisco advances
Discount window facility is with FHLB and Federal Reserve Bank of San Francisco
Federal Home Loan Bank advances, limit on borrowing capacity, amount	387,600,000	391,800,000
Federal Home Loan Bank advances, unused borrowing facility	228,100,000	275,200,000
Federal Home Loan Bank advances, available collateral	351,500,000	434,700,000
Federal Reserve Bank of San Francisco	141,047,000	101,107,000
Outstanding letters of credit	16,000,000	13,000,000
Federal Home Loan Bank stock, required investment	8,000,000	8,200,000
Federal Home Loan Bank stock, excess investment	1,100,000	470,000
Federal Reserve Bank of San Francisco | Discount Window Facility [Member]
Discount window facility is with FHLB and Federal Reserve Bank of San Francisco
Federal Reserve Bank of San Francisco	94,400,000	74,200,000
FHLB - San Francisco | MPF Credit Enhancement [Member]
Discount window facility is with FHLB and Federal Reserve Bank of San Francisco
MPF credit enhancement	$ 2,500,000	$ 2,500,000
FHLB - San Francisco | Maximum
Discount window facility is with FHLB and Federal Reserve Bank of San Francisco
Federal Home Loan Bank advances, limit on borrowing capacity (percent of total assets)	35.00%	35.00%
FHLB - San Francisco | Mortgage Loans on Real Estate
Discount window facility is with FHLB and Federal Reserve Bank of San Francisco
Collateral pledged on Federal Home Loan Bank advances	$ 658,700,000	$ 643,000,000
FHLB - San Francisco | Investment Securities [Member]
Discount window facility is with FHLB and Federal Reserve Bank of San Francisco
Collateral pledged on Federal Home Loan Bank advances	2,200,000	3,200,000
FHLB - San Francisco | Investment Securities [Member] | Discount Window Facility [Member]
Discount window facility is with FHLB and Federal Reserve Bank of San Francisco
Collateral pledged on Federal Home Loan Bank advances	$ 100,400,000	$ 79,000,000

Borrowings - FHLB Advances (Det

Borrowings - FHLB Advances (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
San Francisco advances
Discount window facility is with FHLB and Federal Reserve Bank of San Francisco
Federal Reserve Bank of San Francisco	$ 141,047	$ 101,107

Borrowings - Weighted Average D

Borrowings - Weighted Average Disclosures (Details) - San Francisco advances - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Discount window facility is with FHLB and Federal Reserve Bank of San Francisco
Balance outstanding at the end of year: FHLB - San Francisco advances	$ 141,047	$ 101,107
Weighted-average rate at the end of year: FHLB - San Francisco advances	2.23%	2.62%
Maximum amount of borrowings outstanding at any month end: FHLB - San Francisco advances	$ 141,057	$ 136,158
Average short-term borrowings during the year with respect to: FHLB - San Francisco advances	$ 11,562	$ 8,425
Weighted-average short-term borrowing rate during the year with respect to: FHLB - San Francisco advances	3.30%	1.69%

Borrowings - Contractual Maturi

Borrowings - Contractual Maturities (Details) - San Francisco advances - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Discount window facility is with FHLB and Federal Reserve Bank of San Francisco
Within one year	$ 30,000	$ 0
Over one to two years	31,047	20,000
Over two to three years	30,000	21,107
Over three to four years	30,000	10,000
Over four to five years	20,000	30,000
Over five years	0	20,000
Total borrowings	$ 141,047	$ 101,107
Weighted average interest rate	2.23%	2.62%

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Current:
Federal	$ 1,742	$ 445
State	919	408
Provision for income taxes, current	2,661	853
Deferred:
Federal	291	478
State	261	172
Provision for income taxes, Deferred	552	650
Provision for income taxes	$ 3,213	$ 1,503

Income Taxes - Effective tax ra

Income Taxes - Effective tax rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Income Taxes
Federal income tax at statutory rate, Amount	$ 2,289	$ 1,243
Federal income tax at statutory rate, Tax rate	21.00%	21.00%
State income tax, net of federal income tax benefit, Amount	$ 930	$ 456
State income tax, net of federal income tax benefit, Tax rate	8.53%	7.70%
Bank-owned life insurance, Amount	$ (40)	$ (39)
Bank-owned life insurance, Tax Rate	(0.36%)	(0.66%)
Non-deductible expenses, Amount	$ 41	$ 21
Non-deductible expenses, Tax Rate	0.37%	0.35%
Non-deductible stock-based compensation, Amount	$ (10)	$ (2)
Non-deductible stock-based compensation, Tax Rate	(0.09%)	(0.03%)
Excess tax benefit on stock-based compensation, Amount	$ (7)	$ (104)
Excess tax benefit on stock-based compensation, Tax rate	(0.07%)	(1.77%)
Return to provision adjustment, Amount	$ 7	$ (77)
Return to provision adjustment, Tax rate	0.06%	(1.29%)
Other, Amount	$ 3	$ 5
Other, Tax Rate	0.02%	0.08%
Effective income tax, Amount	$ 3,213	$ 1,503
Effective income tax, Tax rate	29.46%	25.38%

Income Taxes Income Taxes (Defe

Income Taxes Income Taxes (Deferred Tax Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Income Taxes
Deferred taxes - federal	$ 1,908	$ 2,178
Deferred taxes - state	1,103	1,361
Net deferred tax assets	$ 3,011	$ 3,539

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Deferred Tax Assets [Abstract]
Loss reserves	$ 3,034	$ 2,685
Non-accrued interest	326	483
Deferred compensation	2,824	2,396
Accrued vacation	177	124
Depreciation	90	95
Other	395	588
Litigation reserves	0	876
Total deferred tax assets	6,846	7,247
Deferred Tax Liabilities [Abstract]
FHLB - San Francisco stock dividends	(645)	(664)
Prepaid expenses	(41)	(56)
Unrealized gain on investment securities	(40)	(63)
Unrealized gain on interest-only strips	(4)	(5)
Deferred loan costs	(3,071)	(2,723)
State tax	(34)	(197)
Total deferred tax liabilities	(3,835)	(3,708)
Net deferred tax assets	$ 3,011	$ 3,539

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Income Taxes
Income tax (deficit) benefit recognized from non-qualified equity compensation	$ 8,000	$ 147,000
Net tax loss carryforwards, federal	0	0
Retained earnings	9,000,000	9,000,000
Federal income tax	291,000	478,000
Penalties and interest charges	0	0
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Bad Debt Reserve for Tax Purposes of Qualified Lender	$ 3,100,000	$ 3,100,000

Capital (Details)

Capital (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Partners' Capital Account, Distributions (as a percent)	100.00%
Cash dividends declared	$ 7,500	$ 7,500
Provident Financial Holding [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier 1 Leverage Capital, Actual, Amount	116,967	115,009
Total Risk-Based Capital, Actual, Amount	$ 125,316	$ 122,225
Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	10.50%	10.50%
Tier 1 Leverage Capital, Actual, Ratio	10.13%	10.50%
Tier 1 Risk-Based Capital, Actual, Ratio	17.51%	18.00%
Tier One Risk Based Capital Required for Capital Adequacy	$ 56,765	$ 54,314
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	8.50%	8.50%
Total Risk-Based Capital, Actual, Ratio	18.76%	19.13%
Tier 1 Leverage Capital, For Capital Adequacy Purposes, Amount	$ 46,188	$ 43,824
Total Risk-Based Capital, For Capital Adequacy Purposes, Amount	$ 70,121	$ 67,094
Tier 1 Leverage Capital, For Capital Adequacy Purposes, Ratio (greater than or equal to)	4.00%	4.00%
Tier 1 Leverage Capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 57,735	$ 54,779
Tier 1 Risk-Based Capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	53,426	51,119
Total Risk-Based Capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 66,782	$ 63,899
Tier 1 Leverage Capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (greater than or equal to)	5.00%	5.00%
CET1 Risk Based Capital	$ 116,967	$ 115,009
CET1 Risk Based Capital to Risk Weighted Assets	17.51%	18.00%
CET1 Risk Based Capital Required for Capital Adequacy	$ 46,747	$ 44,730
CET1 Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	7.00%	7.00%
CET1 Risk Based Capital Required to be Well Capitalized	$ 43,408	$ 41,535
CET1 Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	6.50%	6.50%
Tier One Risk Based Capital	$ 116,967	$ 115,009
Tier 1 Risk-Based Capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (greater than or equal to)	8.00%	8.00%
Total Risk-Based Capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (greater than or equal to)	10.00%	10.00%
Minimum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
New Accounting Pronouncement, Transition Guidance Not Significant or Not Practical	P2Y
Maximum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
New Accounting Pronouncement, Transition Guidance Not Significant or Not Practical	P4Y

Benefit Plans - Post-retirement

Benefit Plans - Post-retirement (Details)	12 Months Ended
	Jun. 30, 2020USD ($)Office	Jun. 30, 2019USD ($)Office
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block
Cash surrender value of bank owned life insurance	$ 7,800,000	$ 7,600,000
Bank owned life insurance, non-taxable income	$ 189,000	$ 186,000
Executive Officer [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block
Number of executive officers | Office	2	2
Post-retirement compensation liability	$ 6,100,000	$ 5,600,000
Post-retirement compensation expense	$ 427,000	$ 210,000
401(k) defined contribution plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block
Employer matching contributions (percent)	3.00%	3.00%
Employee contributions, immediate vesting (percent)	100.00%	100.00%
Vesting term for employer matching contributions	6 years	6 years
401(k) defined contribution expense	$ 327,000	$ 568,000

Benefit Plans - ESOP (Details)

Benefit Plans - ESOP (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block
ESOP, requisite service period	1 year		1 year
ESOP, requisite service period (per year)	1000 hours		1000 hours
ESOP, shares purchased to partially fulfill annual discretionary allocation	32,000		28,000
ESOP, cash contribution		$ 0	$ 539,000	$ 539,000
ESOP, vesting period	6 years
ESOP expense	$ 602,000		$ 1,100,000
ESOP, number of allocated shares acquired with employer loan		40,000		30,000
Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block
ESOP participation age limit	21 years		21 years

Incentive Plans - Equity Incent

Incentive Plans - Equity Incentive Plan Policy Valuation Assumptions (Details) - Equity Incentive Plans - Stock Options	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	0.00%	16.50%
Weighted-average volatility	0.00%	16.50%
Expected dividend yield	0.00%	2.80%
Expected term (in years)	0 years	7 years 6 months
Risk-free interest rate	0.00%	2.10%

Incentive Plan - Summary of Sto

Incentive Plan - Summary of Stock Option Activity (Details) - Equity Incentive Plans - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Shares:
Outstanding, Beginning of Period	570,750	529,000
Granted	0	90,000
Exercised	(16,250)	(48,250)
Forfeited	0	0
Outstanding, End of Period	554,500	570,750
Vested and expected to vest at year end	533,900	550,150
Exercisable at year end	451,500	467,750
Weighted-Average Exercise Price (in dollars per share):
Outstanding, Beginning of Period	$ 14.05	$ 12.77
Granted	0	20.19
Exercised	13.27	11.45
Forfeited	0	0
Outstanding, End of Period	14.07	14.05
Vested and expected to vest at year end	13.84	13.82
Exercisable at year end	$ 12.70	$ 12.72
Weighted- Average Remaining Contractual Term (Years):
Outstanding at year end	4 years 2 months 19 days	5 years 2 months 16 days
Vested and expected to vest at year end	4 years 22 days	5 years 18 days
Exercisable at year end	3 years 2 months 23 days	4 years 3 months
Aggregate Intrinsic Value ($000):
Outstanding at year end	$ 807	$ 3,960
Vested and expected to vest at year end	534	3,942
Exercisable at year end	$ 807	$ 3,870

Incentive Plan - Summary of Unv

Incentive Plan - Summary of Unvested Restricted Stock Activity (Details) - Restricted Stock - Equity Incentive Plans - $ / shares	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Shares
Unvested, Beginning of Period	233,500	98,500
Granted	0	224,500
Vested		(89,500)
Forfeited	(8,000)
Unvested, End of Period	225,500	233,500
Expected to vest at March 31, 2019	180,400	186,800
Weighted-Average Award Date Fair Value
Unvested, Beginning of Period	$ 18.55	$ 14.35
Granted	0	18.57
Vested		13.97
Forfeited	18.57
Unvested, End of Period	18.55	18.55
Expected to vest at December 31, 2018	$ 18.55	$ 18.55

Incentive Plans - Additional In

Incentive Plans - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 954,000	$ 869,000
Equity Incentive Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, Exercised	16,250	48,250
Stock options, Granted	0	90,000
Stock options, Forfeited	0	0
Stock Options | Equity Incentive Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum term for stock awards	10 years	10 years
Term used to calculate expected volatility	84 months	84 months
Stock options, Exercised	16,250	48,250
Stock options, Granted		90,000
Number of shares available for grant	57,500	57,500
Unrecognized share-based compensation expense, stock options	$ 211,000	$ 292,000
Share-based compensation cost not yet recognized, weighted average period for recognition (less than)	2 years 7 months 6 days	3 years 4 months 24 days
Forfeiture rate for equity incentive plans	20.00%	20.00%
Stock Options | 2013 Equity Incentive Plan ("2013 Plan")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for Equity Incentive Plan	300,000	300,000
Annual limitation on awards granted to an individual under Equity Incentive Plan	60,000	60,000
Stock Options | 2010 Equity Incentive Plan ("2010 Plan")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for Equity Incentive Plan	586,250	586,250
Annual limitation on awards granted to an individual under Equity Incentive Plan	117,250	117,250
Stock Options | 2006 Equity Incentive Plan ("2006 Plan")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for Equity Incentive Plan	365,000	365,000
Restricted Stock | Equity Incentive Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	2 years 10 months 24 days	3 years 10 months 24 days
Number of shares available for grant	51,250	43,250
Forfeiture rate for equity incentive plans	20.00%	20.00%
Restricted stock, grants in period	0	224,500
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 0	$ 1,600,000
Restricted stock, Forfeited	8,000
Restricted stock, Vesting and distribution		89,500
Unrecognized share-based compensation expense, restricted stock	$ 3,200,000	$ 4,200,000
Restricted Stock | Equity Incentive Plans | Award Vesting Term 1[Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		50.00%
Restricted Stock | Equity Incentive Plans | Award Vesting Term 2[Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		50.00%
Restricted Stock | 2013 Equity Incentive Plan ("2013 Plan")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for Equity Incentive Plan	300,000	300,000
Annual limitation on awards granted to an individual under Equity Incentive Plan	45,000	45,000
Restricted Stock | 2010 Equity Incentive Plan ("2010 Plan")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for Equity Incentive Plan	288,750	288,750
Annual limitation on awards granted to an individual under Equity Incentive Plan	43,312	43,312
Restricted Stock | 2006 Equity Incentive Plan ("2006 Plan")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for Equity Incentive Plan	185,000	185,000

Earnings Per Share - Summary of

Earnings Per Share - Summary of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Numerator:
Net income (loss) - numerator for basic earnings per share and diluted earnings per share - available to common stockholders	$ 7,689	$ 4,417
Denominator for basic earnings per share:
Weighted-average shares	7,467,577	7,484,925
Denominator for diluted earnings per share:
Adjusted weighted-average shares and assumed conversions	7,576,182	7,596,268
Basic earnings per share	$ 1.03	$ 0.59
Diluted earnings per share	$ 1.01	$ 0.58
Stock Options
Denominator for basic earnings per share:
Effect of dilutive shares	71,307	95,960
Restricted Stock
Denominator for basic earnings per share:
Effect of dilutive shares	37,298	15,383

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	419,500	0
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options, outstanding	554,500	570,750
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options, outstanding	225,500	233,500

Commitments and Contingencies -

Commitments and Contingencies - Operating Lease Obligations (Details) $ in Thousands	Jun. 30, 2020USD ($)
Lessee, Lease, Description [Line Items]
2021	$ 750
2022	671
2023	469
2024	359
2025	255
Thereafter	275
Total minimum payments required	2,779
ASC 842
Lessee, Lease, Description [Line Items]
2021	1,712
2022	1,524
2023	672
2024	383
2025	279
Thereafter	281
Total minimum payments required	$ 4,851

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Details) - USD ($)	Sep. 12, 2017	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Loss Contingencies
Legal Fees	$ 2,800,000
Total settlement expense		$ 2,500,000	$ 2,800,000
Settlement expense recovery		$ 296,000
Operating Leases, Rent Expense				$ 1,700,000	$ 3,900,000
Recourse liability				270,000	250,000	$ 283,000
Other Investors
Loss Contingencies
Recourse liability				200,000	200,000
Mortgage Partnership Finance (MPF) Program
Loss Contingencies
Recourse liability				$ 70,000	$ 50,000

Derivative and Other Financia_3

Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Schedule of Undisbursed Funds Commitments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Derivative [Line Items]
Total	$ 18,991	$ 12,328
Undisbursed loan funds - Construction loans
Derivative [Line Items]
Total	4,029	6,592
Undisbursed lines of credit - Commercial business loans
Derivative [Line Items]
Total	935	1,003
Undisbursed lines of credit - Consumer loans
Derivative [Line Items]
Total	448	479
Commitments to extend credit on loans to be held for investment
Derivative [Line Items]
Total	$ 13,579	$ 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	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of the period	$ 7,076	$ 7,385
Recovery	1,119	(475)
Balance, end of the period	8,265	7,076
Loan Commitments to Originate
Allowance for Loan and Lease Losses [Roll Forward]
Balance, beginning of the period	141	157
Recovery	(15)	(16)
Balance, end of the period	$ 126	$ 141

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	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Derivative [Line Items]
Total net loss	$ 0	$ (385)
Loan Commitments to Originate
Derivative [Line Items]
Total net loss	0	(825)
Mandatory loan sale commitments and TBA MBS trades
Derivative [Line Items]
Total net loss	$ 0	$ 440

Derivative and Other Financia_6

Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2020	Jun. 30, 2019
Derivative and Other Financial Instruments with Off-Balance Sheet Risks
Outstanding derivative financial instruments	$ 0	$ 0

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Fair Value of Financial Instruments
Loans held for investment, Aggregate Fair Value	$ 2,258	$ 5,094
Loans held for investment, Aggregate Unpaid Principal Balance	2,369	5,218
Loans held for investment, Net Unrealized Loss	$ (111)	$ (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	Jun. 30, 2020	Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment, at fair value	$ 2,258	$ 5,094
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	4,717	5,969
Loans held for investment, at fair value	2,258	5,094
Interest-only strips	14	16
Total assets	6,989	11,079
Liabilities	0	0
Total liabilities	0	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	2,943	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	1,577	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	4,520	5,700
Loans held for investment, at fair value	0	0
Interest-only strips	0	0
Total assets	4,520	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	2,943	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	1,577	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	2,258	5,094
Interest-only strips	14	16
Total assets	2,469	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	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 5,379	$ 6,400
Total gains or losses (realized/unrealized) Included in earnings	13	(618)
Total gains or losses (realized/unrealized) Included in other comprehensive income (loss)	(16)	(3)
Purchases	0	0
Issuances	0	0
Settlements	(2,907)	(1,360)
Transfers in and/or out of Level 3	0	960
Ending balance	2,469	5,379
Private issue CMO
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	269	350
Total gains or losses (realized/unrealized) Included in earnings	0	0
Total gains or losses (realized/unrealized) Included in other comprehensive income (loss)	(14)	4
Purchases	0	0
Issuances	0	0
Settlements	(58)	(85)
Transfers in and/or out of Level 3	0	0
Ending balance	197	269
Loans Held For Investment, at fair value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	5,094	5,234
Total gains or losses (realized/unrealized) Included in earnings	13	188
Total gains or losses (realized/unrealized) Included in other comprehensive income (loss)	0	0
Purchases	0	0
Issuances	0	0
Settlements	(2,849)	(1,288)
Transfers in and/or out of Level 3	0	960
Ending balance	2,258	5,094
Interest-Only Strips
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	16	23
Total gains or losses (realized/unrealized) Included in earnings	0	0
Total gains or losses (realized/unrealized) Included in other comprehensive income (loss)	(2)	(7)
Purchases	0	0
Issuances	0	0
Settlements	0	0
Transfers in and/or out of Level 3	0	0
Ending balance	14	16
Loan Commitments to Originate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0	825
Total gains or losses (realized/unrealized) Included in earnings		(825)
Total gains or losses (realized/unrealized) Included in other comprehensive income (loss)		0
Purchases		0
Issuances		0
Settlements		0
Transfers in and/or out of Level 3		0
Ending balance		0
Mandatory Commitments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 0	(32)
Total gains or losses (realized/unrealized) Included in earnings		19
Total gains or losses (realized/unrealized) Included in other comprehensive income (loss)		0
Purchases		0
Issuances		0
Settlements		13
Transfers in and/or out of Level 3		0
Ending balance		$ 0

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) - USD ($)	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage servicing assets	$ 382,000	$ 627,000	$ 1,015,000
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans	4,924,000	6,218,000
Mortgage servicing assets	382,000	627,000
Real estate owned, net	0
Total	5,306,000	6,845,000
Nonrecurring | 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
Nonrecurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans	2,042,000	3,971,000
Mortgage servicing assets	0	0
Real estate owned, net	0	0
Total	2,042,000	3,971,000
Nonrecurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans	2,882,000	2,247,000
Mortgage servicing assets	382,000	627,000
Real estate owned, net	0	0
Total	$ 3,264,000	$ 2,874,000

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Valuation techniques and inputs used (Details) - Fair Value, Inputs, Level 3 $ in Thousands	12 Months Ended
	Jun. 30, 2020USD ($)
Private issue CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 197
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
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	(3.20%)
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	(3.50%)
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	3.30%
Loans Held For Investment, at fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 2,258
Loans Held For Investment, at fair value | Relative value analysis | Broker quotes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impact to valuation from an increase in inputs on assets	Increase
Loans Held For Investment, at fair value | 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
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%
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	1.40%
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	106.10%
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%
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	101.50%
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	6.20%
Non-performing loans | Relative value analysis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 1,309
Non-performing loans | 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
Non-performing loans | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 1,573
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%
Non-performing loans | 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	20.00%
Non-performing loans | 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	30.00%
Non-performing loans | 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	20.10%
Mortgage servicing assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 382
Mortgage servicing assets | Prepayment speed (CPR)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impact to valuation from an increase in inputs on assets	Decrease
Mortgage servicing assets | Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impact to valuation from an increase in inputs on assets	Decrease
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	18.30%
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%
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%
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%
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	26.10%
Mortgage servicing assets | Weighted Average | 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%)
Interest-Only Strips
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 14
Interest-Only Strips | Prepayment speed (CPR)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impact to valuation from an increase in inputs on assets	Decrease
Interest-Only Strips | Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impact to valuation from an increase in inputs on assets	Decrease
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%
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	18.30%
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	24.20%
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	(23.80%)

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	Jun. 30, 2020	Jun. 30, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities - held to maturity	$ 118,627	$ 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	121,201	95,359
Loans held for investment, not recorded at fair value	0	0
FHLB - San Francisco stock	7,970	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	902,074	861,374
FHLB - San Francisco stock	0	0
Deposits	864,239	813,087
Borrowings	149,976	102,826
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities - held to maturity	118,627	94,090
Loans held for investment, not recorded at fair value	900,538	874,831
FHLB - San Francisco stock	7,970	8,199
Deposits	892,969	841,271
Borrowings	141,047	101,107
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities - held to maturity	121,201	95,359
Loans held for investment, not recorded at fair value	902,074	861,374
FHLB - San Francisco stock	7,970	8,199
Deposits	864,239	813,087
Borrowings	$ 149,976	$ 102,826

Revenue From Contracts With C_3

Revenue From Contracts With Customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Loan servicing and other fees	$ 819	$ 1,051
(Loss) gain on sale of loans, net	(132)	7,135
Other	769	829
Total non-interest income	4,520	12,511
Deposit account fees
Revenue within the scope of ASC 606	1,610	1,928
Card and processing fees
Revenue within the scope of ASC 606	1,454	1,568
BOLI
Other	$ 189	$ 186

Holding Company Condensed Fin_3

Holding Company Condensed Financial Information - Financial Condition (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Assets
Cash and cash equivalents	$ 116,034	$ 70,632
Assets	1,176,837	1,084,850
Liabilities and Stockholders' Equity
Stockholders' equity	123,976	120,641	$ 120,457
Liabilities and Stockholders' Equity	1,176,837	1,084,850
Provident Financial Holding [Member]
Assets
Cash and cash equivalents	6,842	5,421	$ 3,789
Investment in subsidiary	117,080	115,185
Other assets	108	131
Assets	124,030	120,737
Liabilities and Stockholders' Equity
Other liabilities	54	96
Stockholders' equity	123,976	120,641
Liabilities and Stockholders' Equity	$ 124,030	$ 120,737

Holding Company Condensed Fin_4

Holding Company Condensed Financial Information - Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Condensed Financial Statements, Captions
Income tax benefit	$ (3,213)	$ (1,503)
Net income	7,689	4,417
Provident Financial Holding [Member]
Condensed Financial Statements, Captions
Dividend from the Bank	7,500	7,500
Interest and other income	19	17
Total income	7,519	7,517
General and administrative expenses	1,166	1,209
Earnings before income taxes and equity in undistributed earnings of the Bank	6,353	6,308
Income tax benefit	(338)	(352)
Earnings before equity in undistributed earnings of the Bank	6,691	6,660
Equity in undistributed earnings of the Bank	998	(2,243)
Net income	$ 7,689	$ 4,417

Holding Company Condensed Fin_5

Holding Company Condensed Financial Information - Cashflows (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 7,689	$ 4,417
Net cash provided by operating activities	7,954	107,091
Cash flows from financing activities:
Exercise of stock options	215	553
Treasury stock purchases	(1,283)	(1,412)
Cash dividends	(4,183)	(4,194)
Net cash used for financing activities	86,355	(97,051)
Net increase in cash and cash equivalents	45,402	27,331
Cash and cash equivalents at beginning of year	70,632
Cash and cash equivalents at end of year	116,034	70,632
Provident Financial Holding [Member]
Cash flows from operating activities:
Net income	7,689	4,417
Equity in undistributed earnings of the Bank	(998)	2,243
Decrease (increase) in other assets	23	(8)
(Decrease) increase in other liabilities	(42)	33
Net cash provided by operating activities	6,672	6,685
Cash flows from financing activities:
Exercise of stock options	215	553
Treasury stock purchases	(1,283)	(1,412)
Cash dividends	(4,183)	(4,194)
Net cash used for financing activities	(5,251)	(5,053)
Net increase in cash and cash equivalents	1,421	1,632
Cash and cash equivalents at beginning of year	5,421	3,789
Cash and cash equivalents at end of year	$ 6,842	$ 5,421

Reclassification Adjustment o_3

Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI") (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	$ 161	$ 210
Other comprehensive loss before reclassifications	(57)	(49)
Amount reclassified from accumulated other comprehensive income	0	0
Net other comprehensive loss	(57)	(49)
Ending balance	104	161
Available for sale
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	150	194
Other comprehensive loss before reclassifications	(56)	(44)
Amount reclassified from accumulated other comprehensive income	0	0
Net other comprehensive loss	(56)	(44)
Ending balance	94	150
Interest-Only Strips
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	11	16
Other comprehensive loss before reclassifications	(1)	(5)
Amount reclassified from accumulated other comprehensive income	0	0
Net other comprehensive loss	(1)	(5)
Ending balance	$ 10	$ 11

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent event	Jul. 30, 2020$ / shares
Subsequent Event [Line Items]
Dividends declared date	Jul. 30, 2020
Quarterly cash dividend declared, common stock	$ 0.14
Dividend, date of record	Aug. 20, 2020
Dividends payable, date	Sep. 10, 2020