Provident Financial (PROV) 10-Q 6 May 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2022	Apr. 30, 2022
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	000-28304
Entity Registrant Name	PROVIDENT FINANCIAL HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	33-0704889
Entity Address, Address Line One	3756 Central Avenue
Entity Address, City or Town	Riverside
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92506
City Area Code	951
Local Phone Number	686-6060
Title of 12(g) Security	Common stock, par value $0.01 per share
Trading Symbol	PROV
Security Exchange Name	NASDAQ
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		7,285,184
Entity Central Index Key	0001010470
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Assets
Cash and cash equivalents	$ 60,121	$ 70,270
Investment securities - held to maturity, at cost	195,579	223,306
Investment securities - available for sale, at fair value	2,944	3,587
Loans held for investment, net of allowance for loan losses $5,969 and $7,587, respectively; includes $1,470 and $1,874 at fair value, respectively	893,563	850,960
Accrued interest receivable	2,850	2,999
Federal Home Loan Bank ("FHLB") - San Francisco stock	8,155	8,155
Premises and equipment, net	8,957	9,377
Prepaid expenses and other assets	15,665	14,942
Total assets	1,187,834	1,183,596
Liabilities:
Non interest-bearing deposits	117,097	123,179
Interest-bearing deposits	846,403	814,794
Total deposits	963,500	937,973
Borrowings	80,000	100,983
Accounts payable, accrued interest and other liabilities	16,717	17,360
Total liabilities	1,060,217	1,056,316
Commitments and Contingencies
Stockholders' equity:
Preferred stock, $0.01 par value (2,000,000 shares authorized; none issued and outstanding)
Common stock, $.01 par value; (40,000,000 and 40,000,000 shares authorized; 18,229,615 and 18,229,615 shares issued respectively; 7,320,672 and 7,541,469 outstanding, respectively)	183	183
Additional paid-in capital	98,617	97,978
Retained earnings	201,237	197,733
Treasury stock at cost (10,908,943 and 10,688,146 shares, respectively)	(172,459)	(168,686)
Accumulated other comprehensive income, net of tax.	39	72
Total stockholders' equity	127,617	127,280
Total liabilities and stockholders' equity	$ 1,187,834	$ 1,183,596

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Condensed Consolidated Statements of Financial Condition
Allowance for loan losses on Loans held for investment (in dollars)	$ 5,969	$ 7,587
Loans held for investment fair value (in dollars)	$ 1,470	$ 1,874
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	18,229,615	18,229,615
Common stock shares outstanding	7,320,672	7,541,469
Treasury stock shares	10,908,943	10,688,146

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Interest income:
Loans receivable, net		$ 7,581	$ 7,860	$ 23,676	$ 25,121
Investment securities		515	452	1,366	1,378
FHLB - San Francisco stock		123	100	368	300
Interest-earning deposits		39	18	105	59
Total interest income		8,258	8,430	25,515	26,858
Interest expense:
Checking and money market deposits		54	50	169	220
Savings deposits		42	38	128	170
Time deposits		178	292	592	1,009
Borrowings		446	593	1,537	2,198
Total interest expense		720	973	2,426	3,597
Net interest income		7,538	7,457	23,089	23,261
(Recovery) provision for loan losses		(645)	(200)	(2,051)	59
Net interest income, after (recovery) provision for loan losses		8,183	7,657	25,140	23,202
Non-interest income:
Loan servicing and other fees		237	355	867	880
Other		170	160	536	397
Total non-interest income		1,114	1,199	3,551	3,332
Non-interest expense:
Salaries and employee benefits	[1]	4,203	4,241	11,778	12,985
Premises and occupancy		836	863	2,499	2,631
Equipment expense		330	312	932	860
Professional expense		299	367	1,108	1,183
Sales and marketing expense		186	130	477	470
Deposit insurance premium and regulatory assessments		136	154	409	429
Other		909	842	2,263	2,252
Total non-interest expense		6,899	6,909	19,466	20,810
Income before income taxes		2,398	1,947	9,225	5,724
Provision for income taxes		699	386	2,595	1,502
Net income		$ 1,699	$ 1,561	$ 6,630	$ 4,222
Basic earnings per share		$ 0.23	$ 0.21	$ 0.89	$ 0.57
Diluted earnings per share		$ 0.23	$ 0.21	$ 0.89	$ 0.56
Deposit related fees
Non-interest income:
Total non-interest income		$ 329	$ 318	$ 966	$ 957
Card and processing fees
Non-interest income:
Total non-interest income		$ 378	$ 366	$ 1,182	$ 1,098
[1]	Includes a $1.2 million credit from the Employee Retention Tax Credit (“ERTC”) for the nine months ended March 31, 2022.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Operations (Parenthetical) $ in Millions	9 Months Ended
	Mar. 31, 2022USD ($)
Condensed Consolidated Statements of Operations
Employee retention tax credit	$ 1.2

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Condensed Consolidated Statements of Comprehensive Income
Net income	$ 1,699	$ 1,561	$ 6,630	$ 4,222
Change in unrealized holding losses on securities available for sale and interest-only strips	(27)	(3)	(47)	(37)
Other comprehensive loss, before income tax benefit	(27)	(3)	(47)	(37)
Income tax benefit	(8)	(1)	(14)	(11)
Other comprehensive loss	(19)	(2)	(33)	(26)
Total comprehensive income	$ 1,680	$ 1,559	$ 6,597	$ 4,196

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands		Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss), Net of Tax.	Total
Balance at Jun. 30, 2020		$ 181	$ 95,593	$ 194,345	$ (166,247)	$ 104	$ 123,976
Balance (in shares) at Jun. 30, 2020		7,436,315
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				4,222			4,222
Other comprehensive loss						(26)	(26)
Purchase of treasury stock	[1]				(948)		(948)
Purchase of treasury stock (in shares)	[1]	(57,768)
Exercise of stock options		$ 1	957				958
Exercise of stock options (in shares)		129,000
Distribution of restricted stock (in shares)		9,000
Forfeiture of restricted stock			81		(81)
Amortization of restricted stock			631				631
Stock options expense			61				61
Cash dividends	[2]			(3,124)			(3,124)
Balance at Mar. 31, 2021		$ 182	97,323	195,443	(167,276)	78	125,750
Balance (in shares) at Mar. 31, 2021		7,516,547
Balance at Dec. 31, 2020		$ 181	96,164	194,923	(166,364)	80	124,984
Balance (in shares) at Dec. 31, 2020		7,442,254
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				1,561			1,561
Other comprehensive loss						(2)	(2)
Purchase of treasury stock	[3]				(912)		(912)
Purchase of treasury stock (in shares)	[3]	(54,707)
Exercise of stock options		$ 1	957				958
Exercise of stock options (in shares)		129,000
Amortization of restricted stock			190				190
Stock options expense			12				12
Cash dividends	[4]			(1,041)			(1,041)
Balance at Mar. 31, 2021		$ 182	97,323	195,443	(167,276)	78	125,750
Balance (in shares) at Mar. 31, 2021		7,516,547
Balance at Jun. 30, 2021		$ 183	97,978	197,733	(168,686)	72	$ 127,280
Balance (in shares) at Jun. 30, 2021		7,541,469					7,541,469
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				6,630			$ 6,630
Other comprehensive loss						(33)	(33)
Purchase of treasury stock					(3,741)		(3,741)
Purchase of treasury stock (in shares)		(221,797)
Distribution of restricted stock (in shares)		1,000
Awards of restricted stock			(9)		9
Forfeiture of restricted stock			41		(41)
Amortization of restricted stock			570				570
Stock options expense			37				37
Cash dividends	[5]			(3,126)			(3,126)
Balance at Mar. 31, 2022		$ 183	98,617	201,237	(172,459)	39	$ 127,617
Balance (in shares) at Mar. 31, 2022		7,320,672					7,320,672
Balance at Dec. 31, 2021		$ 183	98,404	200,569	(171,280)	58	$ 127,934
Balance (in shares) at Dec. 31, 2021		7,389,943
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				1,699			1,699
Other comprehensive loss						(19)	(19)
Purchase of treasury stock					(1,156)		(1,156)
Purchase of treasury stock (in shares)		(69,271)
Forfeiture of restricted stock			23		(23)
Amortization of restricted stock			177				177
Stock options expense			13				13
Cash dividends	[6]			(1,031)			(1,031)
Balance at Mar. 31, 2022		$ 183	$ 98,617	$ 201,237	$ (172,459)	$ 39	$ 127,617
Balance (in shares) at Mar. 31, 2022		7,320,672					7,320,672
[1]	Cash dividends of $0.42 per share were paid in the nine months ended March 31, 2021.
[2]	Includes the purchase of 3,061 shares of distributed restricted stock in settlement of employee withholding tax obligations.
[3]	Accumulated
[4]	Cash dividends of $0.14 per share were paid in the quarter ended March 31, 2021.
[5]	Cash dividends of $0.42 per share were paid in the nine months ended March 31, 2022.
[6]	Cash dividends of $0.14 per share were paid in the quarter ended March 31, 2022.

Condensed Consolidated Statem_7

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Cash dividends per share	$ 0.14	$ 0.14	$ 0.42	$ 0.42
Restricted Stock
Number of shares repurchase of distributed restricted stock in settlement of employee withholding tax obligations				3,061

Condensed Consolidated Statem_8

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income	$ 6,630	$ 4,222
Adjustments to reconcile net income to net cash provided by operating activities :
Depreciation and amortization	4,029	4,537
(Recovery) provision for loan losses	(2,051)	59
Stock-based compensation	607	692
Provision (benefit) for deferred income taxes	834	(323)
(Decrease) increase in accounts payable, accrued interest and other liabilities	(673)	98
Increase in prepaid expenses and other assets	(2,021)	(260)
Net cash provided by operating activities	7,355	9,025
Cash flows from investing activities:
Net (increase) decrease in loans held for investment	(42,111)	60,759
Purchase of investment securities - held to maturity	(18,159)	(158,983)
Maturity of investment securities - held to maturity	400	800
Principal payments from investment securities - held to maturity	44,205	35,905
Principal payments from investment securities - available for sale	597	882
Purchase of premises and equipment	(113)	(225)
Net cash used for investing activities	(15,181)	(60,862)
Cash flows from financing activities:
Net increase in deposits	25,527	40,787
Repayments of long-term borrowings	(20,983)	(25,047)
Repayments of short-term borrowings, net	0	(5,000)
Treasury stock purchases	(3,741)	(948)
Proceeds from exercise of stock options	0	958
Withholding taxes on stock-based compensation	0	(194)
Cash dividends	(3,126)	(3,124)
Net cash (used for) provided by financing activities	(2,323)	7,432
Net decrease in cash and cash equivalents	(10,149)	(44,405)
Cash and cash equivalents at beginning of period	70,270	116,034
Cash and cash equivalents at end of period	60,121	71,629
Supplemental information:
Cash paid for interest	2,473	3,700
Cash paid for income taxes	$ 2,025	$ 2,970

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2022
Basis of Presentation
Basis of Presentation	Note 1: Basis of Presentation The unaudited interim condensed consolidated financial statements included herein reflect all adjustments which are, in the opinion of management, necessary to present a fair statement of the results of operations for the interim periods presented. All such adjustments are of a normal, recurring nature. The condensed consolidated statement of financial condition at June 30, 2021 is derived from the audited consolidated financial statements of Provident Financial Holdings, Inc. and its wholly-owned subsidiary, Provident Savings Bank, F.S.B. (the "Bank") (collectively, the "Corporation"). Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been omitted pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC") with respect to interim financial reporting. It is recommended that these unaudited interim condensed consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s Annual Report on Form 10-K for the year ended June 30, 2021. The results of operations for the quarter and nine months ended March 31, 2022 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2022.

Accounting Standard Updates ("A

Accounting Standard Updates ("ASU")	9 Months Ended
	Mar. 31, 2022
Accounting Standard Updates ("ASU")
Accounting Standard Updates ("ASU")	Note 2: Accounting Standard Updates (“ASU”) There have been no accounting standard updates or changes in the status of their adoption that are material to the Corporation as previously disclosed in Note 1 of the Corporation's Annual Report on Form 10-K for the year ended June 30, 2021, other than: ASU 2021-10: In November 2021, the Financial Accounting Standards Board (“FASB”) issued ASU 2021-10, “Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance,” This ASU requires the following annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy: (1) Information about the nature of the transactions and the related accounting policy used to account for the transactions, (2) The line items on the balance sheet and income statement that are affected by the transactions, and the amounts applicable to each financial statement line item and (3) Significant terms and conditions of the transactions, including commitments and contingencies. This ASU is effective for all entities within their scope for financial statements issued for annual periods beginning after December 15, 2021. Early application of this ASU is permitted. The Corporation is in the process of evaluating the potential impact of the adoption that this ASU will have on the Corporation’s consolidated financial statements. ​ ASU 2016-13: In June 2016, the 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, March 2020, ASU 2020-03 and March 2022, ASU 2022-02, 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. ​ ​

Earnings Per Share

Earnings Per Share	9 Months Ended
	Mar. 31, 2022
Earnings Per Share
Earnings Per Share	Note 3: Earnings Per Share Basic earnings per share (“EPS”) excludes dilution and is computed by dividing income available to common shareholders by the weighted-average number of shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the earnings of the Corporation. As of March 31, 2022 and 2021, there were outstanding options to purchase 431,000 shares and 420,000 shares of the Corporation’s common stock, respectively. Of those shares, as of March 31, 2022 and 2021, there were 130,000 shares and 116,000 shares, respectively, that were excluded from the diluted EPS computation as their effect was anti-dilutive. As of March 31, 2022 and 2021, there were outstanding restricted stock awards of 96,750 shares and 207,500 shares, respectively. The following table provides the basic and diluted EPS computations for the quarters and nine months ended March 31, 2022 and 2021, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended ​ For the Nine Months Ended ​ ​ March 31, ​ March 31, (In Thousands, Except Earnings Per Share) ​ 2022 2021 2022 2021 Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income – numerator for basic earnings per share and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ diluted earnings per share - available to common ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ stockholders ​ $ 1,699 ​ $ 1,561 ​ $ 6,630 ​ $ 4,222 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator for basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average shares ​ 7,358 ​ 7,463 ​ 7,442 ​ 7,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect of dilutive shares: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options ​ 35 ​ 70 ​ 38 ​ 54 Restricted stock ​ 20 ​ 47 ​ 11 ​ 20 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator for diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted weighted-average shares and assumed ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ conversions ​ ​ 7,413 ​ ​ 7,580 ​ ​ 7,491 ​ ​ 7,521 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share $ 0.23 $ 0.21 $ 0.89 $ 0.57 Diluted earnings per share $ 0.23 $ 0.21 $ 0.89 $ 0.56 ​

Investment Securities

Investment Securities	9 Months Ended
	Mar. 31, 2022
Investment Securities
Investment Securities	Note 4: Investment Securities The amortized cost and estimated fair value of investment securities as of March 31, 2022 and June 30, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross Estimated ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ Carrying March 31, 2022 ​ Cost ​ Gains ​ (Losses) ​ Value ​ Value (In Thousands) ​ ​ ​ ​ ​ Held to maturity ​ ​ ​ ​ ​ U.S. government sponsored enterprise MBS (1) ​ $ 191,074 ​ $ 270 ​ $ (9,890) ​ $ 181,454 ​ $ 191,074 U.S. government sponsored enterprise CMO (2) ​ ​ 2,955 ​ ​ — ​ ​ (74) ​ ​ 2,881 ​ ​ 2,955 U.S. SBA securities (3) ​ 950 ​ 7 ​ — ​ 957 ​ 950 Certificate of deposits ​ 600 ​ — ​ — ​ 600 ​ 600 Total investment securities - held to maturity ​ $ 195,579 ​ $ 277 ​ $ (9,964) ​ $ 185,892 ​ $ 195,579 ​ ​ ​ ​ ​ ​ Available for sale ​ ​ ​ ​ ​ U.S. government agency MBS ​ $ 1,793 ​ $ 39 ​ $ — ​ $ 1,832 ​ $ 1,832 U.S. government sponsored enterprise MBS ​ ​ 969 ​ ​ 8 ​ ​ — ​ ​ 977 ​ 977 Private issue CMO (2) ​ 135 ​ — ​ — ​ 135 ​ 135 Total investment securities - available for sale ​ $ 2,897 ​ $ 47 ​ $ — ​ $ 2,944 ​ $ 2,944 Total investment securities ​ $ 198,476 ​ $ 324 ​ $ (9,964) ​ $ 188,836 ​ $ 198,523 ​ (1) (2) (3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross Estimated ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ Carrying June 30, 2021 ​ Cost ​ Gains ​ (Losses) ​ Value ​ Value (In Thousands) ​ ​ ​ ​ ​ Held to maturity ​ ​ ​ ​ ​ U.S. government sponsored enterprise MBS ​ $ 220,448 ​ $ 2,209 ​ $ (810) ​ $ 221,847 ​ $ 220,448 U.S. SBA securities ​ 1,858 ​ 16 ​ — ​ 1,874 ​ 1,858 Certificate of deposits ​ 1,000 ​ — ​ — ​ 1,000 ​ 1,000 Total investment securities - held to maturity ​ $ 223,306 ​ $ 2,225 ​ $ (810) ​ $ 224,721 ​ $ 223,306 ​ ​ ​ ​ ​ ​ Available for sale ​ ​ ​ ​ ​ U.S. government agency MBS ​ $ 2,146 ​ $ 76 ​ $ — ​ $ 2,222 ​ $ 2,222 U.S. government sponsored enterprise MBS ​ 1,197 ​ 14 ​ — ​ 1,211 ​ 1,211 Private issue CMO ​ 151 ​ 3 ​ — ​ 154 ​ 154 Total investment securities - available for sale ​ $ 3,494 ​ $ 93 ​ $ — ​ $ 3,587 ​ $ 3,587 Total investment securities ​ $ 226,800 ​ $ 2,318 ​ $ (810) ​ $ 228,308 ​ $ 226,893 ​ In the third quarter of fiscal 2022 and 2021, the Corporation received MBS principal payments of $12.3 million and $15.0 million, respectively, and there were no sales of investment securities during these periods. The Corporation purchased $3.0 million of U.S. government sponsored enterprise CMO to be held to maturity in the third quarter of fiscal 2022 and purchased $51.6 million of U.S. government sponsored enterprise MBS to be held to maturity in the third quarter of fiscal 2021. ​ For the first nine months of fiscal 2022 and 2021, the Corporation received MBS principal payments of $44.8 million and $36.8 million, respectively, and there were no sales of investment securities during these periods. The Corporation purchased $15.2 million of U.S. government sponsored enterprise MBS and $3.0 million of U.S. government sponsored enterprise CMO to be held to maturity in the first nine months of fiscal 2022 and purchased $158.0 million of U.S. government sponsored enterprise MBS to be held to maturity in the same period of fiscal 2021. ​ The Corporation held investments with an unrealized loss position of $10.0 million at March 31, 2022 and $810,000 at June 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of March 31, 2022 ​ 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 ​ $ 126,029 ​ $ 6,534 ​ $ 38,467 ​ $ 3,356 ​ $ 164,496 ​ $ 9,890 U.S. government sponsored enterprise CMO ​ ​ 2,881 ​ ​ 74 ​ ​ — ​ ​ — ​ ​ 2,881 ​ ​ 74 Total investment securities - held to maturity ​ $ 128,910 ​ $ 6,608 ​ $ 38,467 ​ $ 3,356 ​ $ 167,377 ​ $ 9,964 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total investment securities ​ $ 128,910 ​ $ 6,608 ​ $ 38,467 ​ $ 3,356 ​ $ 167,377 ​ $ 9,964 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2021 ​ 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 ​ $ 84,600 ​ $ 810 ​ $ — ​ $ — ​ $ 84,600 ​ $ 810 Total investment securities - held to maturity ​ $ 84,600 ​ $ 810 ​ $ — ​ $ — ​ $ 84,600 ​ $ 810 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total investment securities ​ $ 84,600 ​ $ 810 ​ $ — ​ $ — ​ $ 84,600 ​ $ 810 ​ The Corporation evaluates individual investment securities quarterly for other-than-temporary declines in market value. At March 31, 2022, $3.4 million of the $10.0 million of unrealized holding losses were 12 months or more; while at June 30, 2021, none of the $810,000 of unrealized holding losses were 12 months or more. The unrealized losses on investment securities were attributable to changes in interest rates, relative to when the investment securities were purchased, and not due to the credit quality of the investment securities. At March 31, 2022 and 2021, the Corporation did not have any investment securities with the intent to sell and determined it was more likely than not that the Corporation would not be required to sell the securities prior to recovery of the amortized cost basis; therefore, no impairment losses were recorded for the quarters and nine months ended March 31, 2022 and 2021. ​ Contractual maturities of investment securities as of March 31, 2022 and June 30, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ June 30, 2021 ​ ​ ​ Estimated ​ ​ Estimated ​ ​ Amortized ​ Fair ​ Amortized ​ Fair (In Thousands) ​ Cost ​ Value ​ Cost ​ Value Held to maturity ​ ​ ​ ​ Due in one year or less ​ $ 1,237 ​ $ 1,229 ​ $ 1,209 ​ $ 1,218 Due after one through five years ​ 12,546 ​ 12,541 ​ 14,544 ​ 15,179 Due after five through ten years ​ 81,622 ​ 77,986 ​ 90,798 ​ 91,780 Due after ten years ​ 100,174 ​ 94,136 ​ 116,755 ​ 116,544 Total investment securities - held to maturity ​ $ 195,579 ​ $ 185,892 ​ $ 223,306 ​ $ 224,721 ​ ​ ​ ​ ​ Available for sale ​ ​ ​ ​ Due in one year or less ​ $ — ​ $ — ​ $ — ​ $ — Due after one through five years ​ — ​ — ​ — ​ — Due after five through ten years ​ 71 ​ 71 ​ — ​ — Due after ten years ​ 2,826 ​ 2,873 ​ 3,494 ​ 3,587 Total investment securities - available for sale ​ $ 2,897 ​ $ 2,944 ​ $ 3,494 ​ $ 3,587 Total investment securities ​ $ 198,476 ​ $ 188,836 ​ $ 226,800 ​ $ 228,308 ​

Loans Held for Investment

Loans Held for Investment	9 Months Ended
	Mar. 31, 2022
Loans Held for Investment
Loans Held for Investment	Note 5: Loans Held for Investment Loans held for investment, net of fair value adjustments, consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ June 30, ​ (In Thousands) ​ 2022 2021 ​ Mortgage loans: ​ ​ Single-family ​ $ 327,661 ​ $ 268,272 ​ Multi-family ​ 468,656 ​ 484,408 ​ Commercial real estate ​ 91,344 ​ 95,279 ​ Construction (1) ​ 4,127 ​ 3,040 ​ Other ​ 131 ​ 139 ​ Commercial business loans (2) ​ 459 ​ 849 ​ Consumer loans (3) ​ 73 ​ 95 ​ Total loans held for investment, gross ​ 892,451 ​ 852,082 ​ ​ ​ ​ ​ ​ Advance payments of escrows ​ 194 ​ 157 ​ Deferred loan costs, net ​ 6,887 ​ 6,308 ​ Allowance for loan losses ​ (5,969) ​ (7,587) ​ Total loans held for investment, net ​ $ 893,563 ​ $ 850,960 ​ ​ (1) Net of $4.5 million of undisbursed loan funds as of both March 31, 2022 and June 30, 2021. (2) Net of $942 thousand and $460 thousand of undisbursed lines of credit as of March 31, 2022 and June 30, 2021, respectively. (3) Net of $401 thousand and $425 thousand of undisbursed lines of credit as of March 31, 2022 and June 30, 2021, respectively. ​ The following table sets forth information at March 31, 2022 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 nine percent of loans held for investment at March 31, 2022 as compared to four percent at June 30, 2021, respectively. Adjustable rate loans having no stated repricing dates that reprice when the index they are tied to reprices (e.g. prime rate index) and checking account overdrafts are reported as repricing within one year. The table does not include any estimate of prepayments which may cause the Corporation’s actual repricing experience to differ materially from that shown. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjustable Rate ​ ​ ​ ​ ​ ​ ​ ​ ​ After After After ​ ​ ​ ​ ​ ​ ​ Within ​ One Year ​ 3 Years ​ 5 Years ​ ​ ​ ​ ​ ​ (In Thousands) ​ One Year ​ Through 3 Years ​ Through 5 Years ​ Through 10 Years ​ Fixed Rate ​ Total Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ $ 50,516 ​ $ 29,988 ​ $ 34,004 ​ $ 136,918 ​ $ 76,235 ​ $ 327,661 Multi-family ​ 140,937 ​ 121,629 ​ 159,307 ​ 46,599 ​ 184 ​ 468,656 Commercial real estate ​ 51,235 ​ 23,457 ​ 16,652 ​ — ​ — ​ 91,344 Construction ​ 3,293 ​ — ​ — ​ — ​ 834 ​ 4,127 Other ​ — ​ — ​ — ​ — ​ 131 ​ 131 Commercial business loans ​ 119 ​ — ​ — ​ — ​ 340 ​ 459 Consumer loans ​ 73 ​ — ​ — ​ — ​ — ​ 73 Total loans held for investment, gross ​ $ 246,173 ​ $ 175,074 ​ $ 209,963 ​ $ 183,517 ​ $ 77,724 ​ $ 892,451 ​ 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 as well as the forecasted economic impact of the novel coronavirus of 2019 (“COVID-19”). The Corporation assigns individual factors for the quantitative and qualitative methods for each loan category and each internal risk rating. The Corporation categorizes all of the loans held for investment into risk categories based on relevant information about the ability of the borrower to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. A description of the general characteristics of the risk grades is as follows: ● Pass - These loans range from minimal credit risk to average, but still acceptable, credit risk. The likelihood of loss is considered remote. ● Special Mention - A special mention loan has potential weaknesses that may be temporary or, if left uncorrected, may result in a loss. While concerns exist, the bank is currently protected and loss is considered unlikely and not imminent. ● Substandard - A substandard loan is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Loans so classified must have a well-defined weakness, or weaknesses, that may jeopardize the liquidation of the debt. A substandard loan is characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. ● Doubtful - A doubtful loan has all of the weaknesses inherent in one classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of the currently existing facts, conditions and values, highly questionable and improbable. ● Loss - A loss loan is considered uncollectible and of such little value that continuance as an asset of the institution is not warranted. ​ The following tables summarize gross loans held for investment, net of fair value adjustments, by loan types and risk category at the dates indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ Other ​ Commercial ​ ​ ​ ​ ​ (In Thousands) Single-family Multi-family Real Estate Construction Mortgage Business Consumer Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 325,083 ​ $ 468,218 ​ $ 91,344 ​ $ 4,127 ​ $ 131 ​ $ 459 ​ $ 73 ​ $ 889,435 Special Mention ​ 789 ​ — ​ — ​ — ​ ​ — ​ — ​ — ​ 789 Substandard ​ 1,789 ​ 438 ​ — ​ — ​ ​ — ​ — ​ — ​ 2,227 Total loans held for investment, gross ​ $ 327,661 ​ $ 468,656 ​ $ 91,344 ​ $ 4,127 ​ $ 131 ​ $ 459 ​ $ 73 ​ $ 892,451 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ ​ ​ Commercial ​ ​ ​ Other ​ Commercial ​ ​ ​ ​ (In Thousands) ​ Single-family ​ Multi-family ​ Real Estate ​ Construction ​ ​ Mortgage ​ Business ​ Consumer ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 258,217 ​ $ 483,289 ​ $ 95,279 ​ $ 3,040 ​ $ 139 ​ $ 849 ​ $ 95 ​ $ 840,908 Special Mention ​ 1,767 ​ — ​ — ​ — ​ ​ — ​ — ​ — ​ 1,767 Substandard ​ 8,288 ​ 1,119 ​ — ​ — ​ ​ — ​ — ​ — ​ 9,407 Total loans held for investment, gross ​ $ 268,272 ​ $ 484,408 ​ $ 95,279 ​ $ 3,040 ​ $ 139 ​ $ 849 ​ $ 95 ​ $ 852,082 ​ The allowance for loan losses is maintained at a level sufficient to provide for estimated losses based on evaluating known and inherent risks in the loans held for investment and upon management’s continuing analysis of the factors underlying the quality of the loans held for investment. These factors include changes in the size and composition of the loans held for investment, actual loan loss experience, current economic conditions, detailed analysis of individual loans for which full collectability may not be assured, and determination of the realizable value of the collateral securing the loans. The provision (recovery) for (from) the allowance for loan losses is charged (credited) against operations on a quarterly basis, as necessary, to maintain the allowance at appropriate levels. Although management believes it uses the best information available to make such determinations, there can be no assurance that regulators, in reviewing the Corporation’s loans held for investment, will not request a significant increase in its allowance for loan losses. Future adjustments to the allowance for loan losses may be necessary and results of operations could be significantly and adversely affected as a result of economic, operating, regulatory, and other conditions beyond the Corporation’s control. In response to the COVID-19 pandemic, which has negatively impacted the economic environment, the qualitative component was increased in the allowance for loan losses methodology reflecting the uncertain economic environment upon the onset of the pandemic. However, an improved economic outlook has developed in the last few quarters which reduced the qualitative component as the forecasted impact of the pandemic on the credit quality of the loan portfolio in future quarters has diminished. Non-performing loans are charged-off to their fair market values in the period the loans, or portion thereof, are deemed uncollectible, generally after the loan becomes 150 days delinquent for real estate secured first trust deed loans and 120 days delinquent for commercial business or real estate secured second trust deed loans. For loans that were modified from their original terms, were re-underwritten and identified in the Corporation’s asset quality reports as troubled debt restructurings (“restructured loans”), the charge-off occurs when the loan becomes 90 days delinquent; and where borrowers file bankruptcy, the charge-off occurs when the loan becomes 60 days delinquent. The amount of the charge-off is determined by comparing the loan balance to the estimated fair value of the underlying collateral, less disposition costs, with the loan balance in excess of the estimated fair value charged-off against the allowance for loan losses. The allowance for loan losses for non-performing loans is determined by applying ASC 310, “Receivables.” For restructured loans that are less than 90 days delinquent, the allowance for loan losses are segregated into (a) individually evaluated allowances for those loans with applicable discounted cash flow calculations still in their restructuring period, classified lower than pass, and containing an embedded loss component or (b) collectively evaluated allowances based on the aggregated pooling method. For non-performing loans less than 60 days delinquent where the borrower has filed bankruptcy, the collectively evaluated allowances are assigned based on the aggregated pooling method. For non-performing commercial real estate loans, an individually evaluated allowance is derived based on the loan's discounted cash flow fair value (for restructured loans) or collateral fair value less estimated selling costs and if the fair value is higher than the loan balance, no allowance is required. The following table is provided to disclose additional details for the periods indicated on the Corporation’s allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended For the Nine Months Ended ​ ​ March 31, ​ March 31, (Dollars in Thousands) 2022 2021 2022 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance at beginning of period ​ $ 6,608 ​ $ 8,538 ​ $ 7,587 ​ $ 8,265 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Recovery) provision for loan losses ​ (645) ​ (200) ​ (2,051) ​ 59 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recoveries: ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ Single-family ​ 6 ​ 9 ​ 433 ​ 23 ​ Consumer loans ​ — ​ — ​ — ​ 1 Total recoveries ​ 6 ​ 9 ​ 433 ​ 24 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Charge-offs: ​ ​ ​ ​ ​ Consumer loans ​ — ​ (1) ​ — ​ (2) Total charge-offs ​ — ​ (1) ​ — ​ (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net recoveries (charge-offs) ​ 6 ​ 8 ​ 433 ​ 22 ​ Balance at end of period ​ $ 5,969 ​ $ 8,346 ​ $ 5,969 ​ $ 8,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses as a percentage of gross loans held for investment at the end of the period ​ 0.66 % 0.98 % 0.66 % 0.98 % Net (recoveries) charge-offs as a percentage of average loans receivable, net, during the period (annualized) ​ (0.00) % (0.00) % (0.07) % (0.00) % ​ The following tables denote the past due status of the Corporation's gross loans held for investment, net of fair value adjustments, at the dates indicated. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ ​ 30-89 Days Past ​ ​ ​ ​ Total Loans Held for (In Thousands) Current Due Non-Accrual (1) Investment, Gross ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ $ 325,872 ​ $ — ​ $ 1,789 ​ $ 327,661 Multi-family ​ 468,218 ​ — ​ 438 ​ 468,656 Commercial real estate ​ 91,344 ​ — ​ — ​ 91,344 Construction ​ 4,127 ​ — ​ — ​ 4,127 Other ​ 131 ​ — ​ — ​ 131 Commercial business loans ​ 459 ​ — ​ — ​ 459 Consumer loans ​ 71 ​ 2 ​ — ​ 73 Total loans held for investment, gross ​ $ 890,222 ​ $ 2 ​ $ 2,227 ​ $ 892,451 ​ (1) All loans 90 days or greater past due are placed on non-accrual status. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ 30-89 Days Past ​ ​ Total Loans Held for (In Thousands) ​ Current ​ Due ​ Non-Accrual (1) ​ Investment, Gross ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ $ 259,984 ​ $ — ​ $ 8,288 ​ $ 268,272 Multi-family ​ 483,289 ​ — ​ 1,119 ​ 484,408 Commercial real estate ​ 95,279 ​ — ​ — ​ 95,279 Construction ​ 3,040 ​ — ​ — ​ 3,040 Other ​ ​ 139 ​ — ​ — ​ 139 Commercial business loans ​ 849 ​ — ​ — ​ 849 Consumer loans ​ 88 ​ 7 ​ — ​ 95 Total loans held for investment, gross ​ $ 842,668 ​ $ 7 ​ $ 9,407 ​ $ 852,082 ​ (1) All loans 90 days or greater past due are placed on non-accrual status. The following tables summarize the Corporation’s allowance for loan losses and recorded investment in gross loans, by portfolio type, at the dates and for the periods indicated. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended March 31, 2022 ​ ​ Single- ​ Multi- ​ Commercial ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ (In Thousands) family family Real Estate ​ Construction ​ Other Business ​ Consumer ​ Total ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ Allowance at beginning of period ​ $ 1,396 ​ $ 4,219 ​ $ 915 ​ $ 55 ​ $ 3 ​ $ 15 ​ $ 5 ​ $ 6,608 ​ (Recovery) provision for loan losses ​ (64) ​ (544) ​ (45) ​ 4 ​ — ​ 5 ​ (1) ​ (645) ​ Recoveries ​ 6 ​ — ​ — ​ — ​ — ​ — ​ — ​ 6 ​ Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ Allowance for loan losses, end of period ​ $ 1,338 ​ $ 3,675 ​ $ 870 ​ $ 59 ​ $ 3 ​ $ 20 ​ $ 4 ​ $ 5,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 51 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 51 ​ Collectively evaluated for impairment ​ 1,287 ​ 3,675 ​ 870 ​ 59 ​ 3 ​ 20 ​ 4 ​ 5,918 ​ Allowance for loan losses, end of period ​ $ 1,338 ​ $ 3,675 ​ $ 870 ​ $ 59 ​ $ 3 ​ $ 20 ​ $ 4 ​ $ 5,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,549 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,549 ​ Collectively evaluated for impairment ​ 326,112 ​ 468,656 ​ 91,344 ​ 4,127 ​ 131 ​ 459 ​ 73 ​ 890,902 ​ Total loans held for investment, gross ​ $ 327,661 ​ $ 468,656 ​ $ 91,344 ​ $ 4,127 ​ $ 131 ​ $ 459 ​ $ 73 ​ $ 892,451 ​ Allowance for loan losses as a percentage of gross loans held for investment ​ 0.41 % 0.78 % 0.95 % 1.43 % 2.29 % 4.36 % 5.48 % 0.66 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended March 31, 2021 ​ ​ ​ Single- ​ Multi- ​ Commercial ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ (In Thousands) family family Real Estate ​ Construction ​ Other Business ​ Consumer ​ Total ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance at beginning of period ​ $ 2,706 ​ $ 4,540 ​ $ 1,132 ​ $ 110 ​ $ 3 ​ $ 41 ​ $ 6 ​ $ 8,538 ​ Provision (recovery) for loan losses ​ (311) ​ 202 ​ (30) ​ (57) ​ — ​ (5) ​ 1 ​ (200) ​ Recoveries ​ 9 ​ — ​ — ​ — ​ — ​ — ​ — ​ 9 ​ Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ (1) ​ (1) ​ Allowance for loan losses, end of period ​ $ 2,404 ​ $ 4,742 ​ $ 1,102 ​ $ 53 ​ $ 3 ​ $ 36 ​ $ 6 ​ $ 8,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 572 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 572 ​ Collectively evaluated for impairment ​ 1,832 ​ 4,742 ​ 1,102 ​ 53 ​ 3 ​ 36 ​ 6 ​ 7,774 ​ Allowance for loan losses, end of period ​ $ 2,404 ​ $ 4,742 ​ $ 1,102 ​ $ 53 ​ $ 3 ​ $ 36 ​ $ 6 ​ $ 8,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 9,343 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,343 ​ Collectively evaluated for impairment ​ 245,050 ​ 483,283 ​ 99,722 ​ 3,508 ​ 140 ​ 851 ​ 96 ​ 832,650 ​ Total loans held for investment, gross ​ $ 254,393 ​ $ 483,283 ​ $ 99,722 ​ $ 3,508 ​ $ 140 ​ $ 851 ​ $ 96 ​ $ 841,993 ​ Allowance for loan losses as a percentage of gross loans held for investment ​ 0.94 % 0.98 % 1.11 % 1.51 % 2.14 % 4.23 % 6.25 % 0.98 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ (In Thousands) Single-family Multi-family Real Estate Construction Other Business Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance at beginning of period ​ $ 2,000 ​ $ 4,485 ​ $ 1,006 ​ $ 51 ​ $ 3 ​ $ 36 ​ $ 6 ​ $ 7,587 ​ (Recovery) provision for loan losses ​ (1,095) ​ (810) ​ (136) ​ 8 ​ — ​ (16) ​ (2) ​ (2,051) ​ Recoveries ​ 433 ​ — ​ — ​ — ​ — ​ — ​ — ​ 433 ​ Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ Allowance for loan losses, end of period ​ $ 1,338 ​ $ 3,675 ​ $ 870 ​ $ 59 ​ $ 3 ​ $ 20 ​ $ 4 ​ $ 5,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 51 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 51 ​ Collectively evaluated for impairment ​ 1,287 ​ 3,675 ​ 870 ​ 59 ​ 3 ​ 20 ​ 4 ​ 5,918 ​ Allowance for loan losses, end of period ​ $ 1,338 ​ $ 3,675 ​ $ 870 ​ $ 59 ​ $ 3 ​ $ 20 ​ $ 4 ​ $ 5,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,549 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,549 ​ Collectively evaluated for impairment ​ 326,112 ​ 468,656 ​ 91,344 ​ 4,127 ​ 131 ​ 459 ​ 73 ​ 890,902 ​ Total loans held for investment, gross ​ $ 327,661 ​ $ 468,656 ​ $ 91,344 ​ $ 4,127 ​ $ 131 ​ $ 459 ​ $ 73 ​ $ 892,451 ​ Allowance for loan losses as a percentage of gross loans held for investment ​ 0.41 % 0.78 % 0.95 % 1.43 % 2.29 % 4.36 % 5.48 % 0.66 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended March 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ (In Thousands) Single-family Multi-family Real Estate Construction Other Business Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance at beginning of period ​ $ 2,622 ​ $ 4,329 ​ $ 1,110 ​ $ 171 ​ $ 3 ​ $ 24 ​ $ 6 ​ $ 8,265 ​ (Recovery) provision for loan losses ​ (241) ​ 413 ​ (8) ​ (118) ​ — ​ 12 ​ 1 ​ 59 ​ Recoveries ​ 23 ​ — ​ — ​ — ​ — ​ — ​ 1 ​ 24 ​ Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ (2) ​ (2) ​ Allowance for loan losses, end of period ​ $ 2,404 ​ $ 4,742 ​ $ 1,102 ​ $ 53 ​ $ 3 ​ $ 36 ​ $ 6 ​ $ 8,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 572 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 572 ​ Collectively evaluated for impairment ​ 1,832 ​ 4,742 ​ 1,102 ​ 53 ​ 3 ​ 36 ​ 6 ​ 7,774 ​ Allowance for loan losses, end of period ​ $ 2,404 ​ $ 4,742 ​ $ 1,102 ​ $ 53 ​ $ 3 ​ $ 36 ​ $ 6 ​ $ 8,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 9,343 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,343 ​ Collectively evaluated for impairment ​ 245,050 ​ 483,283 ​ 99,722 ​ 3,508 ​ 140 ​ 851 ​ 96 ​ 832,650 ​ Total loans held for investment, gross ​ $ 254,393 ​ $ 483,283 ​ $ 99,722 ​ $ 3,508 ​ $ 140 ​ $ 851 ​ $ 96 ​ $ 841,993 ​ Allowance for loan losses as a percentage of gross loans held for investment ​ 0.94 % 0.98 % 1.11 % 1.51 % 2.14 % 4.23 % 6.25 % 0.98 % ​ The following tables identify the Corporation’s total recorded investment in non-performing loans by type at the dates and for the periods indicated. Generally, a loan is placed on non-accrual status when it becomes 90 days past due as to principal or interest or if the loan is deemed impaired, after considering economic and business conditions and collection efforts, where the borrower’s financial condition is such that collection of the contractual principal or interest on the loan is doubtful. In addition, interest income is not recognized on any loan where management has determined that collection is not reasonably assured. A non-performing loan may be restored to accrual status when delinquent principal and interest payments are brought current, the borrower(s) has demonstrated sustained payment performance and future monthly principal and interest payments are expected to be collected on a timely basis. Loans with a related allowance reserve have been individually evaluated for impairment using either a discounted cash flow analysis or, for collateral dependent loans, current appraisals less costs to sell, to establish realizable value. This analysis may identify a specific impairment amount needed or may conclude that no reserve is needed. Loans that are not individually evaluated for impairment are included in pools of homogeneous loans for evaluation of related allowance reserves. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At March 31, 2022 ​ ​ Unpaid ​ ​ ​ ​ ​ ​ ​ Net ​ ​ Principal ​ Related ​ Recorded ​ ​ ​ Recorded (In Thousands) Balance Charge-offs Investment Allowance (1) Investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family: ​ ​ ​ ​ ​ With a related allowance ​ $ 1,265 ​ $ — ​ $ 1,265 ​ $ (99) ​ $ 1,166 Without a related allowance (2) ​ 563 ​ (39) ​ 524 ​ — ​ 524 Total single-family loans ​ 1,828 ​ (39) ​ 1,789 ​ (99) ​ 1,690 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multi-family: ​ ​ ​ ​ ​ With a related allowance ​ 438 ​ — ​ 438 ​ (132) ​ 306 Total multi-family loans ​ 438 ​ — ​ 438 ​ (132) ​ 306 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total non-performing loans ​ $ 2,266 ​ $ (39) ​ $ 2,227 ​ $ (231) ​ $ 1,996 ​ (1) Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan, and fair value credit adjustments. (2) There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the loan balance. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, 2021 ​ ​ Unpaid ​ Related ​ ​ ​ ​ ​ Net ​ ​ Principal ​ Charge-offs ​ Recorded ​ ​ ​ Recorded (In Thousands) Balance Related Investment Allowance (1) Investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ Single-family: ​ ​ ​ ​ ​ With a related allowance ​ $ 7,400 ​ $ — ​ $ 7,400 ​ $ (434) ​ $ 6,966 Without a related allowance (2) ​ 1,335 ​ (436) ​ 899 ​ — ​ 899 Total single-family loans ​ 8,735 ​ (436) ​ 8,299 ​ (434) ​ 7,865 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multi-family: ​ ​ ​ ​ ​ With a related allowance ​ 1,119 ​ — ​ 1,119 ​ (338) ​ 781 Total multi-family loans ​ 1,119 ​ — ​ 1,119 ​ (338) ​ 781 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total non-performing loans ​ $ 9,854 ​ $ (436) ​ $ 9,418 ​ $ (772) ​ $ 8,646 ​ (1) Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan, and fair value credit adjustments. (2) There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the loan balance. At March 31, 2022, there were no commitments to lend additional funds to those borrowers whose loans were classified as non-performing. For the quarters ended March 31, 2022 and 2021, the Corporation’s average recorded investment in non-performing loans was $3.0 million and $10.8 million, respectively. The Corporation records payments on non-performing loans utilizing the cash basis or cost recovery method of accounting during the periods when the loans are on non-performing status. For the quarter ended March 31, 2022, the Bank received $34,000 in interest payments from non-performing loans, of which $28,000 was recognized as interest income and the remaining $6,000 was applied to reduce the loan balances under the cost recovery method. In comparison, for the quarter ended March 31, 2021, the Bank received $47,000 in interest payments from non-performing loans, of which $31,000 was recognized as interest income and the remaining $16,000 was applied to reduce the loan balances under the cost recovery method. ​ For the nine months ended March 31, 2022 and 2021, the Corporation’s average recorded investment in non-performing loans was $5.0 million and $8.7 million, respectively. For the nine months ended March 31, 2022, the Bank received $384,000 in interest payments from non-performing loans, of which $361,000 was recognized as interest income and the remaining $23,000 was applied to reduce the loan balances under the cost recovery method. In comparison, for the nine months ended March 31, 2021, the Bank received $140,000 in interest payments from non-performing loans, of which $101,000 was recognized as interest income and the remaining $39,000 was applied to reduce the loan balances under the cost recovery method. ​ The following tables present the average recorded investment in non-performing loans and the related interest income recognized for the quarters and nine months ended March 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended March 31, ​ ​ 2022 ​ 2021 ​ ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ ​ Recorded ​ Income ​ Recorded ​ Income (In Thousands) ​ Investment Recognized Investment Recognized Without related allowances: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ $ 540 ​ $ 1 ​ $ 1,461 $ — ​ 540 ​ 1 ​ 1,461 — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With related allowances: ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ 1,267 ​ 15 ​ 8,975 27 Multi-family ​ 1,172 ​ 12 ​ 375 4 ​ 2,439 ​ 27 ​ 9,350 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 2,979 ​ $ 28 ​ $ 10,811 $ 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended March 31, ​ ​ 2022 ​ 2021 ​ ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ ​ Recorded ​ Income ​ Recorded ​ Income (In Thousands) ​ Investment Recognized Investment Recognized Without related allowances: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ $ 675 ​ $ 232 ​ $ 1,638 $ — ​ ​ 675 ​ 232 ​ 1,638 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With related allowances: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ ​ 3,126 ​ 86 ​ 6,923 ​ 96 Multi-family ​ ​ 1,179 ​ 43 ​ 125 ​ 4 Commercial business loans ​ ​ — ​ — ​ 17 ​ 1 ​ ​ 4,305 ​ 129 ​ 7,065 ​ 101 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 4,980 ​ $ 361 ​ $ 8,703 $ 101 ​ The Corporation has modified loans in accordance with the Coronavirus Aid, Relief, and Economic Security Act for 2020, as amended (“CARES Act”) and Revised Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (“Interagency Statement”). The CARES Act and Interagency Statement provided guidance around the modification of loans as a result of the COVID-19 pandemic, and outlined, among other criteria, that short-term modifications of up to six months made on a good faith basis to borrowers who were current as defined under the CARES Act and Interagency Statement prior to any relief are not restructured loans and if all payments are current in accordance with the revised terms of the loan, the loan would not be reported as past due. The Corporation ended its COVID-19 loan forbearance program on March 31, 2021. As of March 31, 2022, expired loan forbearance related to COVID-19 hardship requests are described below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forbearance Granted ​ Forbearance Completed (1) ​ Forbearance Remaining ​ Number of ​ Number of ​ Number of ​ (Dollars In Thousands) ​ Loans ​ Amount ​ Loans ​ Amount ​ Loans ​ Amount Single-family loans 59 ​ $ 23,135 59 ​ $ 23,135 — ​ $ — Multi-family loans 5 ​ 2,278 5 ​ 2,278 — ​ — Commercial real estate loans 3 ​ 1,967 3 ​ 1,967 — ​ — Total loan forbearance 67 ​ $ 27,380 67 ​ $ 27,380 — ​ $ — ​ (1) Includes 19 single-family loans totaling $6.9 million which were subsequently extended beyond the initial six-month forbearance and classified as restructured non-performing loans, consistent with the Interagency Statement. As of March 31, 2022, of the 19 loans, four loans totaling $2.0 million were paid off, 12 loans totaling $3.7 million were upgraded to the pass category, one loan totaling $208 thousand was upgraded to the special mention category, while two loans totaling $1.0 million remain as non-performing. ​ For additional detail, see the "COVID-19 Impact to the Corporation" section in Management's Discussion and Analysis of Financial Condition and Results of Operation in this Form 10-Q. For the quarter ended March 31, 2022, no loans were restructured, one loan was downgraded to the special mention category, while two restructured loans were paid off. For the quarter ended March 31, 2021, one loan was restructured (forbearance loans which were downgraded when their monthly payment deferrals were extended beyond six months, consistent with the Interagency Statement), while two restructured loans were upgraded to the pass category. During both quarters ended March 31, 2022 and 2021, no restructured loans were in default within a 12-month period subsequent to their original restructuring. For the nine months ended March 31, 2022, no loans were restructured, 11 loans were upgraded to the pass category, one loan was upgraded to the special mention category, while six restructured loans paid off. For the nine months ended March 31, 2021, 18 loans were restructured (including 17 COVID-19 related loan forbearance modifications which were downgraded when their monthly payment deferrals were extended beyond six months, consistent with the Interagency Statement), while three restructured loans were upgraded to the pass category, of which one loan was subsequently paid off. During both nine-month periods ended March 31, 2022 and 2021, no restructured loans were in default within a 12-month period subsequent to their original restructuring. At both March 31, 2022 and June 30, 2021, there were no commitments to lend additional funds to those borrowers whose loans were restructured. As of March 31, 2022, the Corporation held 16 restructured loans with a net outstanding balance of $5.3 million, of which two loans totaling $974,000 were classified as substandard and on non-accrual status. As of June 30, 2021, the Corporation held 23 restructured loans with a net outstanding balance of $7.9 million, of which 20 loans totaling $7.0 million were classified as substandard on non-accrual status. As of March 31, 2022, a total of $4.5 million or 85% of the restructured loans were current with respect to their modified payment terms, as compared to June 30, 2021 when $7.7 million or 97% of the restructured loans were current with respect to their modified payment terms. The Corporation upgrades restructured single-family loans to the pass category if the borrower has demonstrated satisfactory contractual payments for at least six consecutive months; 12 months for those loans that were restructured more than once; and if the borrower has demonstrated satisfactory contractual payments beyond 12 consecutive months, the loan is no longer categorized as a restructured loan. In addition to the payment history described above, multi-family, commercial real estate, construction and commercial business loans must also demonstrate a combination of the following characteristics to be upgraded: satisfactory cash flow, satisfactory guarantor support, and additional collateral support, among others. To qualify for restructuring, a borrower must provide evidence of their creditworthiness such as, current financial statements, their most recent income tax returns, current paystubs, current W-2s, and most recent bank statements, among other documents, which are then v

Derivative and Other Financial

Derivative and Other Financial Instruments with Off-Balance Sheet Risks	9 Months Ended
	Mar. 31, 2022
Derivative and Other Financial Instruments with Off-Balance Sheet Risks
Derivative and Other Financial Instruments with Off-Balance Sheet Risks	Note 6: Derivative and Other Financial Instruments with Off-Balance Sheet Risks The Corporation is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit in the form of originating loans or providing funds under existing lines of credit, loan sale commitments to third parties and option contracts. These instruments involve, to varying degrees, elements of credit and interest-rate risk in excess of the amount recognized in the accompanying Condensed Consolidated Statements of Financial Condition. The Corporation’s exposure to credit loss, in the event of non-performance by the counterparty to these financial instruments, is represented by the contractual amount of these instruments. The Corporation uses the same credit policies in entering into financial instruments with off-balance sheet risk as it does for on-balance sheet instruments. As of March 31, 2022 and June 30, 2021, the Corporation had commitments to extend credit on loans to be held for investment of $40.7 million and $21.9 million, respectively. The following table provides information at the dates indicated regarding undisbursed funds on construction loans, undisbursed funds to borrowers on existing lines of credit with the Corporation as well as commitments to originate loans to be held for investment at the dates indicated below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments ​ March 31, 2022 ​ June 30, 2021 ​ (In Thousands) ​ ​ Undisbursed loan funds – Construction loans ​ $ 4,468 ​ $ 4,479 ​ Undisbursed lines of credit – Commercial business loans ​ 942 ​ 460 ​ Undisbursed lines of credit – Consumer loans ​ 401 ​ 425 ​ Commitments to extend credit on loans to be held for investment ​ 40,734 ​ 21,887 ​ Total ​ $ 46,545 ​ $ 27,251 ​ ​ 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 quarters and nine months ended March 31, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended ​ For the Nine Months Ended ​ ​ March 31, ​ March 31, (In Thousands) 2022 2021 2022 2021 Balance, beginning of the period ​ $ 99 ​ $ 101 ​ $ 127 ​ $ 126 Provision ​ 42 ​ 56 ​ 14 ​ 31 Balance, end of the period ​ $ 141 ​ $ 157 ​ $ 141 ​ $ 157 ​ In accordance with ASC 815, “Derivatives and Hedging,” and interpretations of the Derivatives Implementation Group of the FASB, the fair value of the commitments to extend credit on loans to be held for sale, loan sale commitments, to be announced (“TBA”) MBS trades, put option contracts and call option contracts are recorded at fair value on the Condensed Consolidated Statements of Financial Condition. The Corporation does not apply hedge accounting to its derivative financial instruments; therefore, all changes in fair value are recorded in earnings. As of March 31, 2022 and June 30, 2021, there were no outstanding derivative financial instruments. Loans previously sold to the FHLB – San Francisco under the Mortgage Partnership Finance (“MPF”) program have a recourse liability. The FHLB – San Francisco absorbs the first four basis points of loss by establishing a first loss account and a credit scoring process is used to calculate the maximum recourse amount for the Bank. All losses above the Bank’s maximum recourse amount are the responsibility of the FHLB – San Francisco. The FHLB – San Francisco pays the Bank a credit enhancement fee on a monthly basis to compensate the Bank for accepting the recourse obligation. As of March 31, 2022 and June 30, 2021, the Bank serviced $4.4 million and $5.3 million of loans under this program, respectively, and has established a recourse liability of $10,500 and $25,000, respectively. 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 quarters and nine months ended March 31, 2022 and 2021 the Bank did not repurchase any loans or settle any request to repurchase a loan. In addition to the specific recourse liability for the MPF program, the Bank established a recourse liability of $150,000 and $175,000 for loans sold to other investors as of March 31, 2022 and June 30, 2021, respectively. The following table shows the summary of the recourse liability for the quarters and nine months ended March 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended For the Nine Months Ended ​ ​ March 31, ​ March 31, Recourse Liability 2022 2021 2022 2021 (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of the period ​ $ 160 ​ $ 390 ​ $ 200 ​ $ 270 Provision for recourse liability ​ — ​ — ​ (40) ​ 120 Net settlements in lieu of loan repurchases ​ — ​ (175) ​ — ​ (175) Balance, end of the period ​ $ 160 ​ $ 215 ​ $ 160 ​ $ 215 ​

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Mar. 31, 2022
Fair Value of Financial Instruments
Fair Value of Financial Instruments	Note 7: Fair Value of Financial Instruments The Corporation adopted ASC 820, “Fair Value Measurements and Disclosures,” and elected the fair value option pursuant to ASC 825, “Financial Instruments.” ASC 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 825 permits entities to elect to measure many financial instruments and certain other assets and liabilities at fair value on an instrument-by-instrument basis (the “Fair Value Option”) at specified election dates. At each subsequent reporting date, an entity is required to report unrealized gains and losses on items in earnings for which the fair value option has been elected. The objective of the Fair Value Option is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions. The following table describes the difference at the dates indicated between the aggregate fair value and the aggregate unpaid principal balance of loans held for investment at fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aggregate ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ Net ​ ​ Aggregate ​ Principal ​ Unrealized (In Thousands) Fair Value Balance Loss As of March 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment, at fair value ​ $ 1,470 ​ $ 1,589 ​ $ (119) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2021: ​ ​ ​ Loans held for investment, at fair value ​ $ 1,874 ​ $ 1,934 ​ $ (60) ​ ASC 820-10-65-4, “Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly,” provides additional guidance for estimating fair value in accordance with ASC 820, “Fair Value Measurements,” when the volume and level of activity for the asset or liability have significantly decreased. ASC 820 establishes a three-level valuation hierarchy that prioritizes inputs to valuation techniques used in fair value calculations. The three levels of inputs are defined as follows: Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Corporation has the ability to access at the measurement date. Level 2 - Observable inputs other than Level 1 such as: quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated to observable market data for substantially the full term of the asset or liability. Level 3 - Unobservable inputs for the asset or liability that use significant assumptions, including assumptions of risks. These unobservable assumptions reflect the Corporation’s estimate of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of pricing models, discounted cash flow models and similar techniques. ​ ASC 820 requires the Corporation to maximize the use of observable inputs and minimize the use of unobservable inputs. If a financial instrument uses inputs that fall in different levels of the hierarchy, the instrument will be categorized based upon the lowest level of input that is significant to the fair value calculation. The Corporation’s financial assets and liabilities measured at fair value on a recurring basis consist of investment securities available for sale, loans held for investment at fair value and interest-only strips; while non-performing loans, mortgage servicing assets ("MSA") and real estate owned, if any, 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 the management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan (Level 3). Non-performing loans are loans which are inadequately protected by the current sound worth and paying capacity of the borrowers or of the collateral pledged. The non-performing loans are characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. The fair value of a non-performing loan is determined based on an observable market price or current appraised value of the underlying collateral. Appraised and reported values may be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the borrower. For non-performing loans which are restructured loans, the fair value is derived from discounted cash flow analysis (Level 3), except those which are in the process of foreclosure or 90 days delinquent for which the fair value is derived from the appraised value of its collateral (Level 2). For other non-performing loans which are not restructured loans, other than non-performing commercial real estate loans, the fair value is derived from relative value analysis: historical experience and management estimates by loan type for which collectively evaluated allowances are assigned (Level 3); or the appraised value of its collateral for loans which are in the process of foreclosure or where borrowers file bankruptcy (Level 2). For non-performing commercial real estate loans, the fair value is derived from the appraised value of its collateral (Level 2). Non-performing loans are reviewed and evaluated on at least a quarterly basis for additional allowance and adjusted accordingly, based on the same factors identified above. This loss is not recorded directly as an adjustment to current earnings or other comprehensive income (loss), but rather as a component in determining the overall adequacy of the allowance for loan losses. These adjustments to the estimated fair value of non-performing loans may result in increases or decreases to the provision for loan losses recorded in current earnings. The Corporation uses the amortization method for its MSA, which amortizes the MSA in proportion to and over the period of estimated net servicing income and assesses the MSA for impairment based on fair value at each reporting date. The fair value of the MSA is derived using the present value method; which includes a third party’s prepayment projections of similar instruments, weighted-average coupon rates, estimated servicing costs and discount interest rates (Level 3). The rights to future income from serviced loans that exceed contractually specified servicing fees are recorded as interest-only strips. The fair value of interest-only strips is derived using the same assumptions that are used to value the related MSA (Level 3). The Corporation’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Corporation’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. The following fair value hierarchy tables present information at the dates indicated about the Corporation’s assets and liabilities measured at fair value on a recurring basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at March 31, 2022 Using: (In Thousands) Level 1 Level 2 Level 3 Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities - available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency MBS ​ $ — ​ $ 1,832 ​ $ — ​ $ 1,832 U.S. government sponsored enterprise MBS ​ — ​ 977 ​ — ​ 977 Private issue CMO ​ — ​ — ​ 135 ​ 135 Investment securities - available for sale ​ — ​ 2,809 ​ 135 ​ 2,944 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment, at fair value ​ — ​ — ​ 1,470 ​ 1,470 Interest-only strips ​ — ​ — ​ 8 ​ 8 Total assets ​ $ — ​ $ 2,809 ​ $ 1,613 ​ $ 4,422 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ $ — ​ $ — ​ $ — ​ $ — Total liabilities ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at June 30, 2021 Using: (In Thousands) ​ Level 1 ​ ​ Level 2 ​ Level 3 ​ Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities - available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency MBS ​ $ — ​ $ 2,222 ​ $ — ​ $ 2,222 U.S. government sponsored enterprise MBS ​ — ​ 1,211 ​ — ​ 1,211 Private issue CMO ​ — ​ — ​ 154 ​ 154 Investment securities - available for sale ​ — ​ 3,433 ​ 154 ​ 3,587 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment, at fair value ​ — ​ — ​ 1,874 ​ 1,874 Interest-only strips ​ — ​ — ​ 10 ​ 10 Total assets ​ $ — ​ $ 3,433 ​ $ 2,038 ​ $ 5,471 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ $ — ​ $ — ​ $ — ​ $ — Total liabilities ​ $ — ​ $ — ​ $ — ​ $ — ​ The following tables summarize reconciliations of the beginning and ending balances during the periods shown of recurring fair value measurements recognized in the Condensed Consolidated Statements of Financial Condition using Level 3 inputs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended March 31, 2022 ​ ​ Fair Value Measurement ​ ​ Using Significant Other Unobservable Inputs ​ ​ (Level 3) ​ ​ Private ​ Loans Held For ​ Interest- ​ ​ ​ ​ Issue ​ Investment, at ​ Only ​ ​ (In Thousands) CMO fair value (1) Strips Total Beginning balance at December 31, 2021 ​ $ 146 ​ $ 1,555 ​ $ 9 ​ $ 1,710 Total gains or losses (realized/unrealized): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in earnings ​ — ​ (67) ​ (1) ​ (68) Included in other comprehensive income (loss) ​ (2) ​ — ​ — ​ (2) Purchases ​ — ​ — ​ — ​ — Issuances ​ — ​ — ​ — ​ — Settlements ​ (9) ​ (18) ​ — ​ (27) Transfers in and/or out of Level 3 ​ — ​ — ​ — ​ — Ending balance at March 31, 2022 ​ $ 135 ​ $ 1,470 ​ $ 8 ​ $ 1,613 ​ (1) The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended March 31, 2021 ​ ​ Fair Value Measurement ​ ​ Using Significant Other Unobservable Inputs ​ ​ (Level 3) ​ ​ Private ​ Loans Held For ​ Interest- ​ ​ ​ ​ Issue ​ Investment, at ​ Only ​ ​ (In Thousands) CMO fair value Strips Total Beginning balance at December 31, 2020 ​ $ 173 ​ $ 1,972 ​ $ 12 ​ $ 2,157 Total gains or losses (realized/unrealized): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in earnings ​ — ​ 57 ​ — ​ 57 Included in other comprehensive income (loss) ​ 2 ​ — ​ (1) ​ 1 Purchases ​ — ​ — ​ — ​ — Issuances ​ — ​ — ​ — ​ — Settlements ​ (12) ​ (150) ​ — ​ (162) Transfers in and/or out of Level 3 ​ — ​ — ​ — ​ — Ending balance at March 31, 2021 ​ $ 163 ​ $ 1,879 ​ $ 11 ​ $ 2,053 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended March 31, 2022 ​ ​ Fair Value Measurement ​ ​ Using Significant Other Unobservable Inputs ​ ​ (Level 3) ​ ​ Private ​ Loans Held For ​ Interest- ​ ​ ​ ​ Issue ​ Investment, at ​ Only ​ ​ (In Thousands) CMO fair value Strips Total Beginning balance at June 30, 2021 ​ $ 154 ​ $ 1,874 ​ $ 10 ​ $ 2,038 Total gains or losses (realized/unrealized): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in earnings ​ — ​ (59) ​ — ​ (59) Included in other comprehensive income (loss) ​ (2) ​ — ​ (2) ​ (4) Purchases ​ — ​ — ​ — ​ — Issuances ​ — ​ — ​ — ​ — Settlements ​ (17) ​ (345) ​ — ​ (362) Transfers in and/or out of Level 3 ​ — ​ — ​ — ​ — Ending balance at March 31, 2022 ​ $ 135 ​ $ 1,470 ​ $ 8 ​ $ 1,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended March 31, 2021 ​ ​ Fair Value Measurement ​ ​ Using Significant Other Unobservable Inputs ​ ​ (Level 3) ​ ​ Private ​ Loans Held For ​ Interest- ​ ​ ​ ​ Issue ​ Investment, at ​ Only ​ ​ (In Thousands) CMO fair value Strips Total Beginning balance at June 30, 2020 ​ $ 197 ​ $ 2,258 ​ $ 14 ​ $ 2,469 Total gains or losses (realized/ unrealized): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in earnings ​ — ​ 42 ​ — ​ 42 Included in other comprehensive income (loss) ​ 8 ​ — ​ (3) ​ 5 Purchases ​ — ​ — ​ — ​ — Issuances ​ — ​ — ​ — ​ — Settlements ​ (42) ​ (421) ​ — ​ (463) Transfers in and/or out of Level 3 ​ — ​ — ​ — ​ — Ending balance at March 31, 2021 ​ $ 163 ​ $ 1,879 ​ $ 11 ​ $ 2,053 ​ The following fair value hierarchy tables present information about the Corporation’s assets measured at fair value at the dates indicated on a nonrecurring basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at March 31, 2022 Using: (In Thousands) Level 1 Level 2 Level 3 Total Non-performing loans ​ $ — ​ $ 524 ​ $ 1,472 ​ $ 1,996 Mortgage servicing assets ​ — ​ — ​ 171 ​ 171 Total ​ $ — ​ $ 524 ​ $ 1,643 ​ $ 2,167 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at June 30, 2021 Using: (In Thousands) ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Non-performing loans $ — ​ $ 899 ​ $ 7,747 ​ $ 8,646 Mortgage servicing assets ​ — ​ — ​ 208 ​ 208 Total ​ $ — ​ $ 899 ​ $ 7,955 ​ $ 8,854 ​ The following table presents additional information about valuation techniques and inputs used for assets and liabilities, which are measured at fair value and categorized within Level 3 as of March 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impact to ​ ​ Fair Value ​ ​ ​ ​ ​ ​ ​ Valuation ​ ​ As of ​ ​ ​ ​ ​ ​ ​ from an ​ ​ March 31, ​ Valuation ​ ​ ​ Range (1) ​ Increase in (Dollars In Thousands) 2022 Techniques Unobservable Inputs (Weighted Average) Inputs (2) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available-for sale: Private issue CMO ​ $ 135 Market comparable pricing Comparability adjustment (0.3%) - 0.4% (0.2%) Increase ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment, at fair value ​ $ 1,470 Relative value analysis Broker quotes 95.7% - 99.9% (97.0%) of par Increase ​ ​ ​ ​ ​ ​ ​ Credit risk factor 1.2% - 100.0% (4.5%) ​ Decrease ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing loans (3) ​ $ 974 Discounted cash flow Default rates 5.0% ​ Decrease ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing loans (4) ​ $ 498 Relative value analysis Credit risk factor 20.0% - 30.0% (26.5%) Decrease ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage servicing assets ​ $ 171 Discounted cash flow Prepayment speed (CPR) 6.8% - 60.0% (13.7%) Decrease ​ ​ ​ ​ ​ ​ Discount rate 9.0% - 10.5% (9.0%) Decrease ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest-only strips ​ $ 8 Discounted cash flow Prepayment speed (CPR) 27.3% - 30.9% (30.7%) ​ 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 asset or liability instruments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant changes in these inputs in isolation could result in significantly higher or lower fair value measurements. (3) Consists of restructured loans . (4) Consists of other non-performing loans, excluding restructured loans. ​ ​ The significant unobservable inputs used in the fair value measurement of the Corporation’s assets and liabilities include the following: prepayment speeds, discount rates and broker quotes, among others. Significant increases or decreases in any of these inputs in isolation could result in significantly lower or higher fair value measurement. The various unobservable inputs used to determine valuations may have similar or diverging impacts on valuation. The carrying amount and fair value of the Corporation’s other financial instruments as of March 31, 2022 and June 30, 2021 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ Carrying ​ Fair ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Amount Value Level 1 Level 2 Level 3 Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment, not recorded at fair value ​ $ 892,093 ​ $ 866,869 ​ $ — ​ $ — ​ $ 866,869 Investment securities - held to maturity ​ $ 195,579 ​ $ 185,892 ​ $ — ​ $ 185,892 ​ $ — FHLB – San Francisco stock ​ $ 8,155 ​ $ 8,155 ​ $ — ​ $ 8,155 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 963,500 ​ $ 926,300 ​ $ — ​ $ — ​ $ 926,300 Borrowings ​ $ 80,000 ​ $ 80,536 ​ $ — ​ $ — ​ $ 80,536 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Carrying ​ Fair ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Amount Value Level 1 Level 2 Level 3 Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment, not recorded at fair value ​ $ 849,086 ​ $ 848,727 ​ $ — ​ $ — ​ $ 848,727 Investment securities - held to maturity ​ $ 223,306 ​ $ 224,721 ​ $ — ​ $ 224,721 ​ $ — FHLB – San Francisco stock ​ $ 8,155 ​ $ 8,155 ​ $ — ​ $ 8,155 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 937,973 ​ $ 904,673 ​ $ — ​ $ — ​ $ 904,673 Borrowings ​ $ 100,983 ​ $ 104,526 ​ $ — ​ $ — ​ $ 104,526 ​ 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, U.S. government sponsored enterprise CMO 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, CMO and 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. During the quarter ended March 31, 2022, there were no significant changes to the Corporation’s valuation techniques that had, or are expected to have, a material impact on its condensed consolidated financial position or results of operations.

Reclassification Adjustment of

Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI")	9 Months Ended
	Mar. 31, 2022
Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI")
Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI")	Note 8: Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI") The following tables provide the changes in AOCI by component for the quarters and nine months ended March 31, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended March 31, 2022 ​ ​ Unrealized Gains and Losses on ​ ​ Investment Securities ​ ​ ​ ​ ​ ​ (Dollars In Thousands, Net of Statutory Taxes) Available for Sale Interest-Only Strips Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance at December 31, 2021 ​ $ 52 ​ $ 6 ​ $ 58 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassifications ​ (19) ​ — ​ (19) Amount reclassified from accumulated other comprehensive income ​ — ​ — ​ — Net other comprehensive loss ​ (19) ​ — ​ (19) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at March 31, 2022 ​ $ 33 ​ $ 6 ​ $ 39 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended March 31, 2021 ​ ​ Unrealized Gains and Losses on ​ ​ Investment Securities ​ ​ ​ ​ ​ ​ (Dollars In Thousands, Net of Statutory Taxes) Available for Sale Interest-Only Strips Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance at December 31, 2020 ​ $ 71 ​ $ 9 ​ $ 80 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassifications ​ (1) ​ (1) ​ (2) Amount reclassified from accumulated other comprehensive income ​ — ​ — ​ — Net other comprehensive loss ​ (1) ​ (1) ​ (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at March 31, 2021 ​ $ 70 ​ $ 8 ​ $ 78 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended March 31, 2022 ​ ​ 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, 2021 ​ $ 65 ​ $ 7 ​ $ 72 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassifications ​ (32) ​ (1) ​ (33) Amount reclassified from accumulated other comprehensive income ​ — ​ — ​ — Net other comprehensive loss ​ (32) ​ (1) ​ (33) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at March 31, 2022 ​ $ 33 ​ $ 6 ​ $ 39 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended March 31, 2021 ​ ​ 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, 2020 ​ $ 94 ​ $ 10 ​ $ 104 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassifications ​ (24) ​ (2) ​ (26) Amount reclassified from accumulated other comprehensive income ​ — ​ — ​ — Net other comprehensive loss ​ (24) ​ (2) ​ (26) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at March 31, 2021 ​ $ 70 ​ $ 8 ​ $ 78 ​

Revenue From Contracts With Cus

Revenue From Contracts With Customers	9 Months Ended
	Mar. 31, 2022
Revenue From Contracts With Customers
Revenue From Contracts With Customers	Note 9: Revenue From Contracts With Customers In accordance with ASC 606, revenues are recognized when goods or services are transferred to the customer in exchange for the consideration the Corporation expects to be entitled to receive. The largest portion of the Corporation's revenue is from interest income, which is not in the scope of ASC 606. All of the Corporation's revenue from contracts with customers in the scope of ASC 606 is recognized in non-interest income. If a contract is determined to be within the scope of ASC 606, the Corporation recognizes revenue as it satisfies a performance obligation. Payments from customers are generally collected at the time services are rendered, monthly, quarterly or annually. For contracts with customers within the scope of ASC 606, revenue is either earned at a point in time or revenue is earned over time. Examples of revenue earned at a point in time are automated teller machine ("ATM") transaction fees, wire transfer fees, overdraft fees and interchange fees. Revenue is primarily based on the number and type of transactions that are generally derived from transactional information accumulated by our systems and is recognized immediately as the transactions occur or upon providing the service to complete the customer's transaction. The Corporation is generally the principal in these contracts, with the exception of interchange fees, in which case the Corporation is acting as the agent and records revenue net of expenses paid to the principal. Examples of revenue earned over time, which generally occur on a monthly basis, are deposit account maintenance fees, investment advisory fees, merchant revenue, trust and investment management fees and safe deposit box fees. Revenue is generally derived from transactional information accumulated by our systems or those of third-parties and is recognized as the related transactions occur or services are rendered to the customer. Disaggregation of Revenue: The following table includes the Corporation's non-interest income disaggregated by type of services for the quarters and nine months ended March 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended ​ Nine Months Ended ​ ​ March 31, ​ March 31, Type of Services 2022 2021 2022 2021 (In Thousands) ​ ​ ​ ​ Loan servicing and other fees (1) ​ $ 237 ​ $ 355 ​ $ 867 ​ $ 880 Deposit account fees ​ ​ 329 ​ ​ 318 ​ ​ 966 ​ ​ 957 Card and processing fees ​ ​ 378 ​ ​ 366 ​ ​ 1,182 ​ ​ 1,098 Other (2) ​ 170 ​ 160 ​ 536 ​ 397 Total non-interest income ​ $ 1,114 ​ $ 1,199 ​ $ 3,551 ​ $ 3,332 ​ (1) Not within the scope of ASC 606. (2) Includes BOLI of $46 thousand and $48 thousand for the quarter and $141 thousand and $143 thousand for the nine months ended March 31, 2022 and 2021, respectively, which are not within the scope of ASC 606. ​ For both the quarters and nine months ended March 31, 2022 and 2021, substantially all of the Corporation's revenues within the scope of ASC 606 are for performance obligations satisfied at a specified date. Revenues recognized within the scope of ASC 606: Deposit account fees Card and processing fees Other

Leases

Leases	9 Months Ended
	Mar. 31, 2022
Leases
Leases	Note 10: Leases The Corporation accounts for its leases in accordance with ASC 842 which requires the Corporation to record liabilities for future lease obligations as well as assets representing the right to use the underlying leased assets. The Corporation's leases primarily represent future obligations to make payments for the use of buildings, space or equipment for its operations. Liabilities to make future lease payments are recorded in accounts payable, accrued interest and other liabilities, while right-of-use assets are recorded in premises and equipment in the Corporation's condensed consolidated statements of financial condition. At March 31, 2022, 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 quarters ended March 31, 2022 and 2021, expenses associated with the Corporation’s leases totaled $218,000 and $222,000, respectively, and were recorded in premises and occupancy expenses and equipment expenses in the condensed consolidated statements of operations. The following table presents supplemental information related to operating leases at the date and for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of (In Thousands) ​ March 31, 2022 ​ ​ June 30, 2021 Condensed Consolidated Statements of Condition: ​ ​ Premises and equipment - Operating lease right of use assets ​ $ 2,030 $ 2,117 Accounts payable, accrued interest and other liabilities – Operating lease liabilities ​ $ 2,068 $ 2,192 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended ​ Nine Months Ended ​ March 31, March 31, (In Thousands) ​ 2022 ​ ​ 2021 ​ 2022 ​ ​ 2021 Condensed Consolidated Statements of Operations: ​ ​ ​ ​ Premises and occupancy expenses from operating leases (1) ​ $ 196 $ 199 ​ $ 591 $ 597 Equipment expenses from operating leases ​ $ 22 $ 23 ​ $ 69 $ 46 ​ (1) Includes immaterial variable lease costs. ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended ​ Nine Months Ended (In Thousands) ​ March 31, 2022 ​ March 31, 2021 Condensed Consolidated Statements of Cash Flows: ​ ​ Operating cash flows from operating leases, net ​ $ 697 $ 676 ​ ​ The following table provides information related to remaining minimum contractual lease payments and other information associated with the Corporation’s leases as of March 31, 2022: ​ ​ ​ ​ ​ ​ ​ Amount (1) Year Ending June 30, (In Thousands) ​ 2022 ​ $ 225 ​ 2023 ​ 721 ​ 2024 ​ 518 ​ 2025 ​ 400 ​ 2026 ​ 236 ​ Thereafter ​ 39 ​ Total contract lease payments ​ $ 2,139 ​ ​ ​ ​ ​ ​ Total liability to make lease payments ​ $ 2,068 ​ Difference in undiscounted and discounted future lease payments ​ $ 71 ​ Weighted average discount rate ​ 1.88 % Weighted average remaining lease term (years) ​ 3.4 ​ ​ (1) Contractual base rents do not include property taxes and other operating expenses due under respective lease agreements.

Stock Repurchases

Stock Repurchases	9 Months Ended
	Mar. 31, 2022
Stock Repurchases
Stock Repurchases	Note 11: Stock Repurchases ​ On April 27, 2021, the Corporation extended its five percent stock repurchase program of April 30, 2020 with a remaining authorization of 317,108 shares to be purchased for a period of one year or until completed, whichever occurs first. ​ During the quarter ended March 31, 2022, the Corporation purchased 69,271 shares of the Corporation’s common stock under the April 2020 stock repurchase plan with a weighted average cost of $16.69 per share. For the first nine months of fiscal 2022, the Corporation purchased 221,797 shares of the Corporation’s common stock under the April 2020 stock repurchase plan with a weighted average cost of $16.87 per share. As of March 31, 2022, there are 45,036 shares available for purchase until the plan expires on April 27, 2022. The Corporation will purchase the shares from time to time in the open market or through privately negotiated transactions depending on market conditions, the capital requirements of the Corporation, and available cash that can be allocated to the stock repurchase program, among other considerations.

Subsequent Events

Subsequent Events	9 Months Ended
	Mar. 31, 2022
Subsequent Events
Subsequent Events	Note 12: Subsequent Events On April 28, 2022, the Corporation announced that the Corporation’s Board of Directors declared a quarterly cash dividend of $0.14 per share. Shareholders of the Corporation’s common stock at the close of business on May 19, 2022 are entitled to receive the cash dividend. The cash dividend will be payable on June 9, 2022. ​ On April 28, 2022, the Corporation announced that its Board of Directors authorized the repurchase of up to five percent (5%) of the Corporation’s common stock, approximately 364,259 shares. The Corporation will purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year period depending on market conditions, the capital requirements of the Corporation, and available cash that can be allocated to the stock repurchase program, among other considerations. The April 2022 stock repurchase plan became effective on April 28, 2022 and will continue for a period of one year or until completed, whichever occurs first. ​

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Mar. 31, 2022
Organization and Summary of Significant Accounting Policies
Basis of Presentation	The unaudited interim condensed consolidated financial statements included herein reflect all adjustments which are, in the opinion of management, necessary to present a fair statement of the results of operations for the interim periods presented. All such adjustments are of a normal, recurring nature. The condensed consolidated statement of financial condition at June 30, 2021 is derived from the audited consolidated financial statements of Provident Financial Holdings, Inc. and its wholly-owned subsidiary, Provident Savings Bank, F.S.B. (the "Bank") (collectively, the "Corporation"). Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been omitted pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC") with respect to interim financial reporting. It is recommended that these unaudited interim condensed consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s Annual Report on Form 10-K for the year ended June 30, 2021. The results of operations for the quarter and nine months ended March 31, 2022 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2022.
Accounting standard updates ("ASU")	There have been no accounting standard updates or changes in the status of their adoption that are material to the Corporation as previously disclosed in Note 1 of the Corporation's Annual Report on Form 10-K for the year ended June 30, 2021, other than: ASU 2021-10: In November 2021, the Financial Accounting Standards Board (“FASB”) issued ASU 2021-10, “Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance,” This ASU requires the following annual disclosures about transactions with a government that are accounted for by applying a grant or contribution accounting model by analogy: (1) Information about the nature of the transactions and the related accounting policy used to account for the transactions, (2) The line items on the balance sheet and income statement that are affected by the transactions, and the amounts applicable to each financial statement line item and (3) Significant terms and conditions of the transactions, including commitments and contingencies. This ASU is effective for all entities within their scope for financial statements issued for annual periods beginning after December 15, 2021. Early application of this ASU is permitted. The Corporation is in the process of evaluating the potential impact of the adoption that this ASU will have on the Corporation’s consolidated financial statements. ​ ASU 2016-13: In June 2016, the 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, March 2020, ASU 2020-03 and March 2022, ASU 2022-02, 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. ​

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2022
Earnings Per Share
Schedule of earnings per share, basic and diluted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended ​ For the Nine Months Ended ​ ​ March 31, ​ March 31, (In Thousands, Except Earnings Per Share) ​ 2022 2021 2022 2021 Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income – numerator for basic earnings per share and ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ diluted earnings per share - available to common ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ stockholders ​ $ 1,699 ​ $ 1,561 ​ $ 6,630 ​ $ 4,222 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator for basic earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average shares ​ 7,358 ​ 7,463 ​ 7,442 ​ 7,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Effect of dilutive shares: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options ​ 35 ​ 70 ​ 38 ​ 54 Restricted stock ​ 20 ​ 47 ​ 11 ​ 20 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator for diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjusted weighted-average shares and assumed ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ conversions ​ ​ 7,413 ​ ​ 7,580 ​ ​ 7,491 ​ ​ 7,521 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share $ 0.23 $ 0.21 $ 0.89 $ 0.57 Diluted earnings per share $ 0.23 $ 0.21 $ 0.89 $ 0.56

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Mar. 31, 2022
Investment Securities
Schedule of available-for-sale securities reconciliation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross Estimated ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ Carrying March 31, 2022 ​ Cost ​ Gains ​ (Losses) ​ Value ​ Value (In Thousands) ​ ​ ​ ​ ​ Held to maturity ​ ​ ​ ​ ​ U.S. government sponsored enterprise MBS (1) ​ $ 191,074 ​ $ 270 ​ $ (9,890) ​ $ 181,454 ​ $ 191,074 U.S. government sponsored enterprise CMO (2) ​ ​ 2,955 ​ ​ — ​ ​ (74) ​ ​ 2,881 ​ ​ 2,955 U.S. SBA securities (3) ​ 950 ​ 7 ​ — ​ 957 ​ 950 Certificate of deposits ​ 600 ​ — ​ — ​ 600 ​ 600 Total investment securities - held to maturity ​ $ 195,579 ​ $ 277 ​ $ (9,964) ​ $ 185,892 ​ $ 195,579 ​ ​ ​ ​ ​ ​ Available for sale ​ ​ ​ ​ ​ U.S. government agency MBS ​ $ 1,793 ​ $ 39 ​ $ — ​ $ 1,832 ​ $ 1,832 U.S. government sponsored enterprise MBS ​ ​ 969 ​ ​ 8 ​ ​ — ​ ​ 977 ​ 977 Private issue CMO (2) ​ 135 ​ — ​ — ​ 135 ​ 135 Total investment securities - available for sale ​ $ 2,897 ​ $ 47 ​ $ — ​ $ 2,944 ​ $ 2,944 Total investment securities ​ $ 198,476 ​ $ 324 ​ $ (9,964) ​ $ 188,836 ​ $ 198,523 ​ (1) (2) (3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross Estimated ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair ​ Carrying June 30, 2021 ​ Cost ​ Gains ​ (Losses) ​ Value ​ Value (In Thousands) ​ ​ ​ ​ ​ Held to maturity ​ ​ ​ ​ ​ U.S. government sponsored enterprise MBS ​ $ 220,448 ​ $ 2,209 ​ $ (810) ​ $ 221,847 ​ $ 220,448 U.S. SBA securities ​ 1,858 ​ 16 ​ — ​ 1,874 ​ 1,858 Certificate of deposits ​ 1,000 ​ — ​ — ​ 1,000 ​ 1,000 Total investment securities - held to maturity ​ $ 223,306 ​ $ 2,225 ​ $ (810) ​ $ 224,721 ​ $ 223,306 ​ ​ ​ ​ ​ ​ Available for sale ​ ​ ​ ​ ​ U.S. government agency MBS ​ $ 2,146 ​ $ 76 ​ $ — ​ $ 2,222 ​ $ 2,222 U.S. government sponsored enterprise MBS ​ 1,197 ​ 14 ​ — ​ 1,211 ​ 1,211 Private issue CMO ​ 151 ​ 3 ​ — ​ 154 ​ 154 Total investment securities - available for sale ​ $ 3,494 ​ $ 93 ​ $ — ​ $ 3,587 ​ $ 3,587 Total investment securities ​ $ 226,800 ​ $ 2,318 ​ $ (810) ​ $ 228,308 ​ $ 226,893
Schedule of investments with unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of March 31, 2022 ​ 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 ​ $ 126,029 ​ $ 6,534 ​ $ 38,467 ​ $ 3,356 ​ $ 164,496 ​ $ 9,890 U.S. government sponsored enterprise CMO ​ ​ 2,881 ​ ​ 74 ​ ​ — ​ ​ — ​ ​ 2,881 ​ ​ 74 Total investment securities - held to maturity ​ $ 128,910 ​ $ 6,608 ​ $ 38,467 ​ $ 3,356 ​ $ 167,377 ​ $ 9,964 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total investment securities ​ $ 128,910 ​ $ 6,608 ​ $ 38,467 ​ $ 3,356 ​ $ 167,377 ​ $ 9,964 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2021 ​ 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 ​ $ 84,600 ​ $ 810 ​ $ — ​ $ — ​ $ 84,600 ​ $ 810 Total investment securities - held to maturity ​ $ 84,600 ​ $ 810 ​ $ — ​ $ — ​ $ 84,600 ​ $ 810 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total investment securities ​ $ 84,600 ​ $ 810 ​ $ — ​ $ — ​ $ 84,600 ​ $ 810
Schedule of investments classified by contractual maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ June 30, 2021 ​ ​ ​ Estimated ​ ​ Estimated ​ ​ Amortized ​ Fair ​ Amortized ​ Fair (In Thousands) ​ Cost ​ Value ​ Cost ​ Value Held to maturity ​ ​ ​ ​ Due in one year or less ​ $ 1,237 ​ $ 1,229 ​ $ 1,209 ​ $ 1,218 Due after one through five years ​ 12,546 ​ 12,541 ​ 14,544 ​ 15,179 Due after five through ten years ​ 81,622 ​ 77,986 ​ 90,798 ​ 91,780 Due after ten years ​ 100,174 ​ 94,136 ​ 116,755 ​ 116,544 Total investment securities - held to maturity ​ $ 195,579 ​ $ 185,892 ​ $ 223,306 ​ $ 224,721 ​ ​ ​ ​ ​ Available for sale ​ ​ ​ ​ Due in one year or less ​ $ — ​ $ — ​ $ — ​ $ — Due after one through five years ​ — ​ — ​ — ​ — Due after five through ten years ​ 71 ​ 71 ​ — ​ — Due after ten years ​ 2,826 ​ 2,873 ​ 3,494 ​ 3,587 Total investment securities - available for sale ​ $ 2,897 ​ $ 2,944 ​ $ 3,494 ​ $ 3,587 Total investment securities ​ $ 198,476 ​ $ 188,836 ​ $ 226,800 ​ $ 228,308

Loans Held for Investment (Tabl

Loans Held for Investment (Tables)	9 Months Ended
	Mar. 31, 2022
Loans Held for Investment
Schedule of loans held for investment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ June 30, ​ (In Thousands) ​ 2022 2021 ​ Mortgage loans: ​ ​ Single-family ​ $ 327,661 ​ $ 268,272 ​ Multi-family ​ 468,656 ​ 484,408 ​ Commercial real estate ​ 91,344 ​ 95,279 ​ Construction (1) ​ 4,127 ​ 3,040 ​ Other ​ 131 ​ 139 ​ Commercial business loans (2) ​ 459 ​ 849 ​ Consumer loans (3) ​ 73 ​ 95 ​ Total loans held for investment, gross ​ 892,451 ​ 852,082 ​ ​ ​ ​ ​ ​ Advance payments of escrows ​ 194 ​ 157 ​ Deferred loan costs, net ​ 6,887 ​ 6,308 ​ Allowance for loan losses ​ (5,969) ​ (7,587) ​ Total loans held for investment, net ​ $ 893,563 ​ $ 850,960 ​ ​ (1) Net of $4.5 million of undisbursed loan funds as of both March 31, 2022 and June 30, 2021. (2) Net of $942 thousand and $460 thousand of undisbursed lines of credit as of March 31, 2022 and June 30, 2021, respectively. (3) Net of $401 thousand and $425 thousand of undisbursed lines of credit as of March 31, 2022 and June 30, 2021, respectively.
Schedule of loans held for investment, contractual repricing	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Adjustable Rate ​ ​ ​ ​ ​ ​ ​ ​ ​ After After After ​ ​ ​ ​ ​ ​ ​ Within ​ One Year ​ 3 Years ​ 5 Years ​ ​ ​ ​ ​ ​ (In Thousands) ​ One Year ​ Through 3 Years ​ Through 5 Years ​ Through 10 Years ​ Fixed Rate ​ Total Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ $ 50,516 ​ $ 29,988 ​ $ 34,004 ​ $ 136,918 ​ $ 76,235 ​ $ 327,661 Multi-family ​ 140,937 ​ 121,629 ​ 159,307 ​ 46,599 ​ 184 ​ 468,656 Commercial real estate ​ 51,235 ​ 23,457 ​ 16,652 ​ — ​ — ​ 91,344 Construction ​ 3,293 ​ — ​ — ​ — ​ 834 ​ 4,127 Other ​ — ​ — ​ — ​ — ​ 131 ​ 131 Commercial business loans ​ 119 ​ — ​ — ​ — ​ 340 ​ 459 Consumer loans ​ 73 ​ — ​ — ​ — ​ — ​ 73 Total loans held for investment, gross ​ $ 246,173 ​ $ 175,074 ​ $ 209,963 ​ $ 183,517 ​ $ 77,724 ​ $ 892,451
Schedule of gross loans held for investment by loan types and risk category	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ Other ​ Commercial ​ ​ ​ ​ ​ (In Thousands) Single-family Multi-family Real Estate Construction Mortgage Business Consumer Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 325,083 ​ $ 468,218 ​ $ 91,344 ​ $ 4,127 ​ $ 131 ​ $ 459 ​ $ 73 ​ $ 889,435 Special Mention ​ 789 ​ — ​ — ​ — ​ ​ — ​ — ​ — ​ 789 Substandard ​ 1,789 ​ 438 ​ — ​ — ​ ​ — ​ — ​ — ​ 2,227 Total loans held for investment, gross ​ $ 327,661 ​ $ 468,656 ​ $ 91,344 ​ $ 4,127 ​ $ 131 ​ $ 459 ​ $ 73 ​ $ 892,451 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ ​ ​ Commercial ​ ​ ​ Other ​ Commercial ​ ​ ​ ​ (In Thousands) ​ Single-family ​ Multi-family ​ Real Estate ​ Construction ​ ​ Mortgage ​ Business ​ Consumer ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 258,217 ​ $ 483,289 ​ $ 95,279 ​ $ 3,040 ​ $ 139 ​ $ 849 ​ $ 95 ​ $ 840,908 Special Mention ​ 1,767 ​ — ​ — ​ — ​ ​ — ​ — ​ — ​ 1,767 Substandard ​ 8,288 ​ 1,119 ​ — ​ — ​ ​ — ​ — ​ — ​ 9,407 Total loans held for investment, gross ​ $ 268,272 ​ $ 484,408 ​ $ 95,279 ​ $ 3,040 ​ $ 139 ​ $ 849 ​ $ 95 ​ $ 852,082
Schedule of allowance for loan losses	The following table is provided to disclose additional details for the periods indicated on the Corporation’s allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended For the Nine Months Ended ​ ​ March 31, ​ March 31, (Dollars in Thousands) 2022 2021 2022 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance at beginning of period ​ $ 6,608 ​ $ 8,538 ​ $ 7,587 ​ $ 8,265 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Recovery) provision for loan losses ​ (645) ​ (200) ​ (2,051) ​ 59 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recoveries: ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ Single-family ​ 6 ​ 9 ​ 433 ​ 23 ​ Consumer loans ​ — ​ — ​ — ​ 1 Total recoveries ​ 6 ​ 9 ​ 433 ​ 24 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Charge-offs: ​ ​ ​ ​ ​ Consumer loans ​ — ​ (1) ​ — ​ (2) Total charge-offs ​ — ​ (1) ​ — ​ (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net recoveries (charge-offs) ​ 6 ​ 8 ​ 433 ​ 22 ​ Balance at end of period ​ $ 5,969 ​ $ 8,346 ​ $ 5,969 ​ $ 8,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses as a percentage of gross loans held for investment at the end of the period ​ 0.66 % 0.98 % 0.66 % 0.98 % Net (recoveries) charge-offs as a percentage of average loans receivable, net, during the period (annualized) ​ (0.00) % (0.00) % (0.07) % (0.00) %
Schedule of past due status of gross loans held for investment, net of fair value adjustments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ ​ 30-89 Days Past ​ ​ ​ ​ Total Loans Held for (In Thousands) Current Due Non-Accrual (1) Investment, Gross ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ $ 325,872 ​ $ — ​ $ 1,789 ​ $ 327,661 Multi-family ​ 468,218 ​ — ​ 438 ​ 468,656 Commercial real estate ​ 91,344 ​ — ​ — ​ 91,344 Construction ​ 4,127 ​ — ​ — ​ 4,127 Other ​ 131 ​ — ​ — ​ 131 Commercial business loans ​ 459 ​ — ​ — ​ 459 Consumer loans ​ 71 ​ 2 ​ — ​ 73 Total loans held for investment, gross ​ $ 890,222 ​ $ 2 ​ $ 2,227 ​ $ 892,451 ​ (1) All loans 90 days or greater past due are placed on non-accrual status. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ 30-89 Days Past ​ ​ Total Loans Held for (In Thousands) ​ Current ​ Due ​ Non-Accrual (1) ​ Investment, Gross ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ $ 259,984 ​ $ — ​ $ 8,288 ​ $ 268,272 Multi-family ​ 483,289 ​ — ​ 1,119 ​ 484,408 Commercial real estate ​ 95,279 ​ — ​ — ​ 95,279 Construction ​ 3,040 ​ — ​ — ​ 3,040 Other ​ ​ 139 ​ — ​ — ​ 139 Commercial business loans ​ 849 ​ — ​ — ​ 849 Consumer loans ​ 88 ​ 7 ​ — ​ 95 Total loans held for investment, gross ​ $ 842,668 ​ $ 7 ​ $ 9,407 ​ $ 852,082 ​ (1) All loans 90 days or greater past due are placed on non-accrual status.
Schedule of allowance for loan losses and recorded investment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended March 31, 2022 ​ ​ Single- ​ Multi- ​ Commercial ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ (In Thousands) family family Real Estate ​ Construction ​ Other Business ​ Consumer ​ Total ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ Allowance at beginning of period ​ $ 1,396 ​ $ 4,219 ​ $ 915 ​ $ 55 ​ $ 3 ​ $ 15 ​ $ 5 ​ $ 6,608 ​ (Recovery) provision for loan losses ​ (64) ​ (544) ​ (45) ​ 4 ​ — ​ 5 ​ (1) ​ (645) ​ Recoveries ​ 6 ​ — ​ — ​ — ​ — ​ — ​ — ​ 6 ​ Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ Allowance for loan losses, end of period ​ $ 1,338 ​ $ 3,675 ​ $ 870 ​ $ 59 ​ $ 3 ​ $ 20 ​ $ 4 ​ $ 5,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 51 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 51 ​ Collectively evaluated for impairment ​ 1,287 ​ 3,675 ​ 870 ​ 59 ​ 3 ​ 20 ​ 4 ​ 5,918 ​ Allowance for loan losses, end of period ​ $ 1,338 ​ $ 3,675 ​ $ 870 ​ $ 59 ​ $ 3 ​ $ 20 ​ $ 4 ​ $ 5,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,549 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,549 ​ Collectively evaluated for impairment ​ 326,112 ​ 468,656 ​ 91,344 ​ 4,127 ​ 131 ​ 459 ​ 73 ​ 890,902 ​ Total loans held for investment, gross ​ $ 327,661 ​ $ 468,656 ​ $ 91,344 ​ $ 4,127 ​ $ 131 ​ $ 459 ​ $ 73 ​ $ 892,451 ​ Allowance for loan losses as a percentage of gross loans held for investment ​ 0.41 % 0.78 % 0.95 % 1.43 % 2.29 % 4.36 % 5.48 % 0.66 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended March 31, 2021 ​ ​ ​ Single- ​ Multi- ​ Commercial ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ (In Thousands) family family Real Estate ​ Construction ​ Other Business ​ Consumer ​ Total ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance at beginning of period ​ $ 2,706 ​ $ 4,540 ​ $ 1,132 ​ $ 110 ​ $ 3 ​ $ 41 ​ $ 6 ​ $ 8,538 ​ Provision (recovery) for loan losses ​ (311) ​ 202 ​ (30) ​ (57) ​ — ​ (5) ​ 1 ​ (200) ​ Recoveries ​ 9 ​ — ​ — ​ — ​ — ​ — ​ — ​ 9 ​ Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ (1) ​ (1) ​ Allowance for loan losses, end of period ​ $ 2,404 ​ $ 4,742 ​ $ 1,102 ​ $ 53 ​ $ 3 ​ $ 36 ​ $ 6 ​ $ 8,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 572 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 572 ​ Collectively evaluated for impairment ​ 1,832 ​ 4,742 ​ 1,102 ​ 53 ​ 3 ​ 36 ​ 6 ​ 7,774 ​ Allowance for loan losses, end of period ​ $ 2,404 ​ $ 4,742 ​ $ 1,102 ​ $ 53 ​ $ 3 ​ $ 36 ​ $ 6 ​ $ 8,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 9,343 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,343 ​ Collectively evaluated for impairment ​ 245,050 ​ 483,283 ​ 99,722 ​ 3,508 ​ 140 ​ 851 ​ 96 ​ 832,650 ​ Total loans held for investment, gross ​ $ 254,393 ​ $ 483,283 ​ $ 99,722 ​ $ 3,508 ​ $ 140 ​ $ 851 ​ $ 96 ​ $ 841,993 ​ Allowance for loan losses as a percentage of gross loans held for investment ​ 0.94 % 0.98 % 1.11 % 1.51 % 2.14 % 4.23 % 6.25 % 0.98 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ (In Thousands) Single-family Multi-family Real Estate Construction Other Business Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance at beginning of period ​ $ 2,000 ​ $ 4,485 ​ $ 1,006 ​ $ 51 ​ $ 3 ​ $ 36 ​ $ 6 ​ $ 7,587 ​ (Recovery) provision for loan losses ​ (1,095) ​ (810) ​ (136) ​ 8 ​ — ​ (16) ​ (2) ​ (2,051) ​ Recoveries ​ 433 ​ — ​ — ​ — ​ — ​ — ​ — ​ 433 ​ Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ Allowance for loan losses, end of period ​ $ 1,338 ​ $ 3,675 ​ $ 870 ​ $ 59 ​ $ 3 ​ $ 20 ​ $ 4 ​ $ 5,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 51 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 51 ​ Collectively evaluated for impairment ​ 1,287 ​ 3,675 ​ 870 ​ 59 ​ 3 ​ 20 ​ 4 ​ 5,918 ​ Allowance for loan losses, end of period ​ $ 1,338 ​ $ 3,675 ​ $ 870 ​ $ 59 ​ $ 3 ​ $ 20 ​ $ 4 ​ $ 5,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,549 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,549 ​ Collectively evaluated for impairment ​ 326,112 ​ 468,656 ​ 91,344 ​ 4,127 ​ 131 ​ 459 ​ 73 ​ 890,902 ​ Total loans held for investment, gross ​ $ 327,661 ​ $ 468,656 ​ $ 91,344 ​ $ 4,127 ​ $ 131 ​ $ 459 ​ $ 73 ​ $ 892,451 ​ Allowance for loan losses as a percentage of gross loans held for investment ​ 0.41 % 0.78 % 0.95 % 1.43 % 2.29 % 4.36 % 5.48 % 0.66 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended March 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ (In Thousands) Single-family Multi-family Real Estate Construction Other Business Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance at beginning of period ​ $ 2,622 ​ $ 4,329 ​ $ 1,110 ​ $ 171 ​ $ 3 ​ $ 24 ​ $ 6 ​ $ 8,265 ​ (Recovery) provision for loan losses ​ (241) ​ 413 ​ (8) ​ (118) ​ — ​ 12 ​ 1 ​ 59 ​ Recoveries ​ 23 ​ — ​ — ​ — ​ — ​ — ​ 1 ​ 24 ​ Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ (2) ​ (2) ​ Allowance for loan losses, end of period ​ $ 2,404 ​ $ 4,742 ​ $ 1,102 ​ $ 53 ​ $ 3 ​ $ 36 ​ $ 6 ​ $ 8,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 572 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 572 ​ Collectively evaluated for impairment ​ 1,832 ​ 4,742 ​ 1,102 ​ 53 ​ 3 ​ 36 ​ 6 ​ 7,774 ​ Allowance for loan losses, end of period ​ $ 2,404 ​ $ 4,742 ​ $ 1,102 ​ $ 53 ​ $ 3 ​ $ 36 ​ $ 6 ​ $ 8,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 9,343 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,343 ​ Collectively evaluated for impairment ​ 245,050 ​ 483,283 ​ 99,722 ​ 3,508 ​ 140 ​ 851 ​ 96 ​ 832,650 ​ Total loans held for investment, gross ​ $ 254,393 ​ $ 483,283 ​ $ 99,722 ​ $ 3,508 ​ $ 140 ​ $ 851 ​ $ 96 ​ $ 841,993 ​ Allowance for loan losses as a percentage of gross loans held for investment ​ 0.94 % 0.98 % 1.11 % 1.51 % 2.14 % 4.23 % 6.25 % 0.98 %
Schedule of recorded investment in non-performing loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At March 31, 2022 ​ ​ Unpaid ​ ​ ​ ​ ​ ​ ​ Net ​ ​ Principal ​ Related ​ Recorded ​ ​ ​ Recorded (In Thousands) Balance Charge-offs Investment Allowance (1) Investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family: ​ ​ ​ ​ ​ With a related allowance ​ $ 1,265 ​ $ — ​ $ 1,265 ​ $ (99) ​ $ 1,166 Without a related allowance (2) ​ 563 ​ (39) ​ 524 ​ — ​ 524 Total single-family loans ​ 1,828 ​ (39) ​ 1,789 ​ (99) ​ 1,690 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multi-family: ​ ​ ​ ​ ​ With a related allowance ​ 438 ​ — ​ 438 ​ (132) ​ 306 Total multi-family loans ​ 438 ​ — ​ 438 ​ (132) ​ 306 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total non-performing loans ​ $ 2,266 ​ $ (39) ​ $ 2,227 ​ $ (231) ​ $ 1,996 ​ (1) Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan, and fair value credit adjustments. (2) There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the loan balance. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, 2021 ​ ​ Unpaid ​ Related ​ ​ ​ ​ ​ Net ​ ​ Principal ​ Charge-offs ​ Recorded ​ ​ ​ Recorded (In Thousands) Balance Related Investment Allowance (1) Investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ Single-family: ​ ​ ​ ​ ​ With a related allowance ​ $ 7,400 ​ $ — ​ $ 7,400 ​ $ (434) ​ $ 6,966 Without a related allowance (2) ​ 1,335 ​ (436) ​ 899 ​ — ​ 899 Total single-family loans ​ 8,735 ​ (436) ​ 8,299 ​ (434) ​ 7,865 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multi-family: ​ ​ ​ ​ ​ With a related allowance ​ 1,119 ​ — ​ 1,119 ​ (338) ​ 781 Total multi-family loans ​ 1,119 ​ — ​ 1,119 ​ (338) ​ 781 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total non-performing loans ​ $ 9,854 ​ $ (436) ​ $ 9,418 ​ $ (772) ​ $ 8,646 ​ (1) Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan, and fair value credit adjustments. (2) There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the loan balance.
Schedule of Nonperforming Loans on Interest Income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended March 31, ​ ​ 2022 ​ 2021 ​ ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ ​ Recorded ​ Income ​ Recorded ​ Income (In Thousands) ​ Investment Recognized Investment Recognized Without related allowances: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ $ 540 ​ $ 1 ​ $ 1,461 $ — ​ 540 ​ 1 ​ 1,461 — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With related allowances: ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ 1,267 ​ 15 ​ 8,975 27 Multi-family ​ 1,172 ​ 12 ​ 375 4 ​ 2,439 ​ 27 ​ 9,350 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 2,979 ​ $ 28 ​ $ 10,811 $ 31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended March 31, ​ ​ 2022 ​ 2021 ​ ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ ​ Recorded ​ Income ​ Recorded ​ Income (In Thousands) ​ Investment Recognized Investment Recognized Without related allowances: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ $ 675 ​ $ 232 ​ $ 1,638 $ — ​ ​ 675 ​ 232 ​ 1,638 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With related allowances: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family ​ ​ 3,126 ​ 86 ​ 6,923 ​ 96 Multi-family ​ ​ 1,179 ​ 43 ​ 125 ​ 4 Commercial business loans ​ ​ — ​ — ​ 17 ​ 1 ​ ​ 4,305 ​ 129 ​ 7,065 ​ 101 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 4,980 ​ $ 361 ​ $ 8,703 $ 101
Schedule of loan forbearance related to COVID-19 hardship requests	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forbearance Granted ​ Forbearance Completed (1) ​ Forbearance Remaining ​ Number of ​ Number of ​ Number of ​ (Dollars In Thousands) ​ Loans ​ Amount ​ Loans ​ Amount ​ Loans ​ Amount Single-family loans 59 ​ $ 23,135 59 ​ $ 23,135 — ​ $ — Multi-family loans 5 ​ 2,278 5 ​ 2,278 — ​ — Commercial real estate loans 3 ​ 1,967 3 ​ 1,967 — ​ — Total loan forbearance 67 ​ $ 27,380 67 ​ $ 27,380 — ​ $ — ​ (1) Includes 19 single-family loans totaling $6.9 million which were subsequently extended beyond the initial six-month forbearance and classified as restructured non-performing loans, consistent with the Interagency Statement. As of March 31, 2022, of the 19 loans, four loans totaling $2.0 million were paid off, 12 loans totaling $3.7 million were upgraded to the pass category, one loan totaling $208 thousand was upgraded to the special mention category, while two loans totaling $1.0 million remain as non-performing. ​
Schedule of troubled debt restructurings by nonaccrual versus accrual status	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At ​ At (In Thousands) ​ March 31, 2022 ​ June 30, 2021 ​ Restructured loans on non-accrual status: ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ Single-family ​ $ 974 ​ $ 6,983 ​ Total ​ 974 ​ 6,983 ​ ​ ​ ​ ​ ​ ​ ​ ​ Restructured loans on accrual status: ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ Single-family ​ 4,347 ​ 876 ​ Total ​ 4,347 ​ 876 ​ Total restructured loans ​ $ 5,321 ​ $ 7,859 ​
Schedule of recorded investment in restructured loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At March 31, 2022 ​ ​ Unpaid ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net ​ ​ Principal ​ Related ​ Recorded ​ ​ ​ ​ Recorded (In Thousands) Balance Charge-offs Investment Allowance (1) Investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Single-family: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With a related allowance ​ $ 1,025 ​ $ — ​ $ 1,025 ​ $ (51) ​ $ 974 Without a related allowance (2) ​ 4,347 ​ — ​ 4,347 ​ — ​ 4,347 Total single-family ​ 5,372 ​ — ​ 5,372 ​ (51) ​ 5,321 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total restructured loans ​ $ 5,372 ​ $ — ​ $ 5,372 ​ $ (51) ​ $ 5,321 ​ (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, 2021 ​ ​ Unpaid ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net ​ ​ Principal ​ Related ​ Recorded ​ ​ ​ ​ Recorded (In Thousands) Balance Charge-offs Investment Allowance (1) Investment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage loans: ​ ​ ​ ​ ​ Single-family: ​ ​ ​ ​ ​ With a related allowance ​ $ 7,151 ​ $ — ​ $ 7,151 ​ $ (384) ​ $ 6,767 Without a related allowance (2) ​ 1,457 ​ (365) ​ 1,092 ​ — ​ 1,092 Total single-family ​ 8,608 ​ (365) ​ 8,243 ​ (384) ​ 7,859 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total restructured loans ​ $ 8,608 ​ $ (365) ​ $ 8,243 ​ $ (384) ​ $ 7,859 ​ (1) Consists of collectively and individually evaluated allowances, specifically assigned to the individual loan. (2) There was no related allowance for loan losses because the loans have been charged-off to their fair value or the fair value of the collateral is higher than the loan balance.

Derivative and Other Financia_2

Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables)	9 Months Ended
	Mar. 31, 2022
Derivative and Other Financial Instruments with Off-Balance Sheet Risks
Schedule of undisbursed funds commitments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments ​ March 31, 2022 ​ June 30, 2021 ​ (In Thousands) ​ ​ Undisbursed loan funds – Construction loans ​ $ 4,468 ​ $ 4,479 ​ Undisbursed lines of credit – Commercial business loans ​ 942 ​ 460 ​ Undisbursed lines of credit – Consumer loans ​ 401 ​ 425 ​ Commitments to extend credit on loans to be held for investment ​ 40,734 ​ 21,887 ​ Total ​ $ 46,545 ​ $ 27,251 ​
Schedule of allowance for loan losses of undisbursed funds and commitments on loans held for investment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended ​ For the Nine Months Ended ​ ​ March 31, ​ March 31, (In Thousands) 2022 2021 2022 2021 Balance, beginning of the period ​ $ 99 ​ $ 101 ​ $ 127 ​ $ 126 Provision ​ 42 ​ 56 ​ 14 ​ 31 Balance, end of the period ​ $ 141 ​ $ 157 ​ $ 141 ​ $ 157
Schedule of summary of recourse liability	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended For the Nine Months Ended ​ ​ March 31, ​ March 31, Recourse Liability 2022 2021 2022 2021 (In Thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of the period ​ $ 160 ​ $ 390 ​ $ 200 ​ $ 270 Provision for recourse liability ​ — ​ — ​ (40) ​ 120 Net settlements in lieu of loan repurchases ​ — ​ (175) ​ — ​ (175) Balance, end of the period ​ $ 160 ​ $ 215 ​ $ 160 ​ $ 215

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Mar. 31, 2022
Fair Value of Financial Instruments
Schedule of aggregate fair value and aggregate unpaid principal balance of loans held for sale	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Aggregate ​ ​ ​ ​ ​ ​ ​ ​ Unpaid ​ Net ​ ​ Aggregate ​ Principal ​ Unrealized (In Thousands) Fair Value Balance Loss As of March 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment, at fair value ​ $ 1,470 ​ $ 1,589 ​ $ (119) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2021: ​ ​ ​ Loans held for investment, at fair value ​ $ 1,874 ​ $ 1,934 ​ $ (60)
Schedule of fair value, assets and liabilities measured on recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at March 31, 2022 Using: (In Thousands) Level 1 Level 2 Level 3 Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities - available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency MBS ​ $ — ​ $ 1,832 ​ $ — ​ $ 1,832 U.S. government sponsored enterprise MBS ​ — ​ 977 ​ — ​ 977 Private issue CMO ​ — ​ — ​ 135 ​ 135 Investment securities - available for sale ​ — ​ 2,809 ​ 135 ​ 2,944 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment, at fair value ​ — ​ — ​ 1,470 ​ 1,470 Interest-only strips ​ — ​ — ​ 8 ​ 8 Total assets ​ $ — ​ $ 2,809 ​ $ 1,613 ​ $ 4,422 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ $ — ​ $ — ​ $ — ​ $ — Total liabilities ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at June 30, 2021 Using: (In Thousands) ​ Level 1 ​ ​ Level 2 ​ Level 3 ​ Total Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment securities - available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agency MBS ​ $ — ​ $ 2,222 ​ $ — ​ $ 2,222 U.S. government sponsored enterprise MBS ​ — ​ 1,211 ​ — ​ 1,211 Private issue CMO ​ — ​ — ​ 154 ​ 154 Investment securities - available for sale ​ — ​ 3,433 ​ 154 ​ 3,587 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment, at fair value ​ — ​ — ​ 1,874 ​ 1,874 Interest-only strips ​ — ​ — ​ 10 ​ 10 Total assets ​ $ — ​ $ 3,433 ​ $ 2,038 ​ $ 5,471 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ $ — ​ $ — ​ $ — ​ $ — Total liabilities ​ $ — ​ $ — ​ $ — ​ $ —
Schedule for reconciliation of recurring fair value measurements using level 3 inputs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended March 31, 2022 ​ ​ Fair Value Measurement ​ ​ Using Significant Other Unobservable Inputs ​ ​ (Level 3) ​ ​ Private ​ Loans Held For ​ Interest- ​ ​ ​ ​ Issue ​ Investment, at ​ Only ​ ​ (In Thousands) CMO fair value (1) Strips Total Beginning balance at December 31, 2021 ​ $ 146 ​ $ 1,555 ​ $ 9 ​ $ 1,710 Total gains or losses (realized/unrealized): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in earnings ​ — ​ (67) ​ (1) ​ (68) Included in other comprehensive income (loss) ​ (2) ​ — ​ — ​ (2) Purchases ​ — ​ — ​ — ​ — Issuances ​ — ​ — ​ — ​ — Settlements ​ (9) ​ (18) ​ — ​ (27) Transfers in and/or out of Level 3 ​ — ​ — ​ — ​ — Ending balance at March 31, 2022 ​ $ 135 ​ $ 1,470 ​ $ 8 ​ $ 1,613 ​ (1) The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended March 31, 2021 ​ ​ Fair Value Measurement ​ ​ Using Significant Other Unobservable Inputs ​ ​ (Level 3) ​ ​ Private ​ Loans Held For ​ Interest- ​ ​ ​ ​ Issue ​ Investment, at ​ Only ​ ​ (In Thousands) CMO fair value Strips Total Beginning balance at December 31, 2020 ​ $ 173 ​ $ 1,972 ​ $ 12 ​ $ 2,157 Total gains or losses (realized/unrealized): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in earnings ​ — ​ 57 ​ — ​ 57 Included in other comprehensive income (loss) ​ 2 ​ — ​ (1) ​ 1 Purchases ​ — ​ — ​ — ​ — Issuances ​ — ​ — ​ — ​ — Settlements ​ (12) ​ (150) ​ — ​ (162) Transfers in and/or out of Level 3 ​ — ​ — ​ — ​ — Ending balance at March 31, 2021 ​ $ 163 ​ $ 1,879 ​ $ 11 ​ $ 2,053 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended March 31, 2022 ​ ​ Fair Value Measurement ​ ​ Using Significant Other Unobservable Inputs ​ ​ (Level 3) ​ ​ Private ​ Loans Held For ​ Interest- ​ ​ ​ ​ Issue ​ Investment, at ​ Only ​ ​ (In Thousands) CMO fair value Strips Total Beginning balance at June 30, 2021 ​ $ 154 ​ $ 1,874 ​ $ 10 ​ $ 2,038 Total gains or losses (realized/unrealized): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in earnings ​ — ​ (59) ​ — ​ (59) Included in other comprehensive income (loss) ​ (2) ​ — ​ (2) ​ (4) Purchases ​ — ​ — ​ — ​ — Issuances ​ — ​ — ​ — ​ — Settlements ​ (17) ​ (345) ​ — ​ (362) Transfers in and/or out of Level 3 ​ — ​ — ​ — ​ — Ending balance at March 31, 2022 ​ $ 135 ​ $ 1,470 ​ $ 8 ​ $ 1,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended March 31, 2021 ​ ​ Fair Value Measurement ​ ​ Using Significant Other Unobservable Inputs ​ ​ (Level 3) ​ ​ Private ​ Loans Held For ​ Interest- ​ ​ ​ ​ Issue ​ Investment, at ​ Only ​ ​ (In Thousands) CMO fair value Strips Total Beginning balance at June 30, 2020 ​ $ 197 ​ $ 2,258 ​ $ 14 ​ $ 2,469 Total gains or losses (realized/ unrealized): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Included in earnings ​ — ​ 42 ​ — ​ 42 Included in other comprehensive income (loss) ​ 8 ​ — ​ (3) ​ 5 Purchases ​ — ​ — ​ — ​ — Issuances ​ — ​ — ​ — ​ — Settlements ​ (42) ​ (421) ​ — ​ (463) Transfers in and/or out of Level 3 ​ — ​ — ​ — ​ — Ending balance at March 31, 2021 ​ $ 163 ​ $ 1,879 ​ $ 11 ​ $ 2,053 ​
Schedule of fair value assets measured on nonrecurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at March 31, 2022 Using: (In Thousands) Level 1 Level 2 Level 3 Total Non-performing loans ​ $ — ​ $ 524 ​ $ 1,472 ​ $ 1,996 Mortgage servicing assets ​ — ​ — ​ 171 ​ 171 Total ​ $ — ​ $ 524 ​ $ 1,643 ​ $ 2,167 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at June 30, 2021 Using: (In Thousands) ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Non-performing loans $ — ​ $ 899 ​ $ 7,747 ​ $ 8,646 Mortgage servicing assets ​ — ​ — ​ 208 ​ 208 Total ​ $ — ​ $ 899 ​ $ 7,955 ​ $ 8,854
Schedule of additional information about valuation techniques and inputs used for assets and liabilities	The following table presents additional information about valuation techniques and inputs used for assets and liabilities, which are measured at fair value and categorized within Level 3 as of March 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impact to ​ ​ Fair Value ​ ​ ​ ​ ​ ​ ​ Valuation ​ ​ As of ​ ​ ​ ​ ​ ​ ​ from an ​ ​ March 31, ​ Valuation ​ ​ ​ Range (1) ​ Increase in (Dollars In Thousands) 2022 Techniques Unobservable Inputs (Weighted Average) Inputs (2) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available-for sale: Private issue CMO ​ $ 135 Market comparable pricing Comparability adjustment (0.3%) - 0.4% (0.2%) Increase ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment, at fair value ​ $ 1,470 Relative value analysis Broker quotes 95.7% - 99.9% (97.0%) of par Increase ​ ​ ​ ​ ​ ​ ​ Credit risk factor 1.2% - 100.0% (4.5%) ​ Decrease ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing loans (3) ​ $ 974 Discounted cash flow Default rates 5.0% ​ Decrease ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non-performing loans (4) ​ $ 498 Relative value analysis Credit risk factor 20.0% - 30.0% (26.5%) Decrease ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage servicing assets ​ $ 171 Discounted cash flow Prepayment speed (CPR) 6.8% - 60.0% (13.7%) Decrease ​ ​ ​ ​ ​ ​ Discount rate 9.0% - 10.5% (9.0%) Decrease ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest-only strips ​ $ 8 Discounted cash flow Prepayment speed (CPR) 27.3% - 30.9% (30.7%) ​ 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 asset or liability instruments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant changes in these inputs in isolation could result in significantly higher or lower fair value measurements. (3) Consists of restructured loans . (4) Consists of other non-performing loans, excluding restructured loans.
Schedule of carrying amount and fair value of financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ Carrying ​ Fair ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Amount Value Level 1 Level 2 Level 3 Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment, not recorded at fair value ​ $ 892,093 ​ $ 866,869 ​ $ — ​ $ — ​ $ 866,869 Investment securities - held to maturity ​ $ 195,579 ​ $ 185,892 ​ $ — ​ $ 185,892 ​ $ — FHLB – San Francisco stock ​ $ 8,155 ​ $ 8,155 ​ $ — ​ $ 8,155 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ Deposits ​ $ 963,500 ​ $ 926,300 ​ $ — ​ $ — ​ $ 926,300 Borrowings ​ $ 80,000 ​ $ 80,536 ​ $ — ​ $ — ​ $ 80,536 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Carrying ​ Fair ​ ​ ​ ​ ​ ​ ​ ​ ​ (In Thousands) Amount Value Level 1 Level 2 Level 3 Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment, not recorded at fair value ​ $ 849,086 ​ $ 848,727 ​ $ — ​ $ — ​ $ 848,727 Investment securities - held to maturity ​ $ 223,306 ​ $ 224,721 ​ $ — ​ $ 224,721 ​ $ — FHLB – San Francisco stock ​ $ 8,155 ​ $ 8,155 ​ $ — ​ $ 8,155 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 937,973 ​ $ 904,673 ​ $ — ​ $ — ​ $ 904,673 Borrowings ​ $ 100,983 ​ $ 104,526 ​ $ — ​ $ — ​ $ 104,526

Reclassification Adjustment o_2

Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI") (Tables)	9 Months Ended
	Mar. 31, 2022
Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI")
Schedule of accumulated other comprehensive income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended March 31, 2022 ​ ​ Unrealized Gains and Losses on ​ ​ Investment Securities ​ ​ ​ ​ ​ ​ (Dollars In Thousands, Net of Statutory Taxes) Available for Sale Interest-Only Strips Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance at December 31, 2021 ​ $ 52 ​ $ 6 ​ $ 58 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassifications ​ (19) ​ — ​ (19) Amount reclassified from accumulated other comprehensive income ​ — ​ — ​ — Net other comprehensive loss ​ (19) ​ — ​ (19) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at March 31, 2022 ​ $ 33 ​ $ 6 ​ $ 39 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Quarter Ended March 31, 2021 ​ ​ Unrealized Gains and Losses on ​ ​ Investment Securities ​ ​ ​ ​ ​ ​ (Dollars In Thousands, Net of Statutory Taxes) Available for Sale Interest-Only Strips Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance at December 31, 2020 ​ $ 71 ​ $ 9 ​ $ 80 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassifications ​ (1) ​ (1) ​ (2) Amount reclassified from accumulated other comprehensive income ​ — ​ — ​ — Net other comprehensive loss ​ (1) ​ (1) ​ (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at March 31, 2021 ​ $ 70 ​ $ 8 ​ $ 78 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended March 31, 2022 ​ ​ 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, 2021 ​ $ 65 ​ $ 7 ​ $ 72 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassifications ​ (32) ​ (1) ​ (33) Amount reclassified from accumulated other comprehensive income ​ — ​ — ​ — Net other comprehensive loss ​ (32) ​ (1) ​ (33) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at March 31, 2022 ​ $ 33 ​ $ 6 ​ $ 39 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended March 31, 2021 ​ ​ 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, 2020 ​ $ 94 ​ $ 10 ​ $ 104 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassifications ​ (24) ​ (2) ​ (26) Amount reclassified from accumulated other comprehensive income ​ — ​ — ​ — Net other comprehensive loss ​ (24) ​ (2) ​ (26) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at March 31, 2021 ​ $ 70 ​ $ 8 ​ $ 78

Revenue From Contracts With C_2

Revenue From Contracts With Customers (Tables)	9 Months Ended
	Mar. 31, 2022
Revenue From Contracts With Customers
Schedule of non-interest income disaggregated by type of service	The following table includes the Corporation's non-interest income disaggregated by type of services for the quarters and nine months ended March 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended ​ Nine Months Ended ​ ​ March 31, ​ March 31, Type of Services 2022 2021 2022 2021 (In Thousands) ​ ​ ​ ​ Loan servicing and other fees (1) ​ $ 237 ​ $ 355 ​ $ 867 ​ $ 880 Deposit account fees ​ ​ 329 ​ ​ 318 ​ ​ 966 ​ ​ 957 Card and processing fees ​ ​ 378 ​ ​ 366 ​ ​ 1,182 ​ ​ 1,098 Other (2) ​ 170 ​ 160 ​ 536 ​ 397 Total non-interest income ​ $ 1,114 ​ $ 1,199 ​ $ 3,551 ​ $ 3,332 ​ (1) Not within the scope of ASC 606. (2) Includes BOLI of $46 thousand and $48 thousand for the quarter and $141 thousand and $143 thousand for the nine months ended March 31, 2022 and 2021, respectively, which are not within the scope of ASC 606.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Mar. 31, 2022
Leases
Schedule of supplemental information related to operating leases	​ ​ ​ ​ ​ ​ ​ ​ ​ As of (In Thousands) ​ March 31, 2022 ​ ​ June 30, 2021 Condensed Consolidated Statements of Condition: ​ ​ Premises and equipment - Operating lease right of use assets ​ $ 2,030 $ 2,117 Accounts payable, accrued interest and other liabilities – Operating lease liabilities ​ $ 2,068 $ 2,192 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quarter Ended ​ Nine Months Ended ​ March 31, March 31, (In Thousands) ​ 2022 ​ ​ 2021 ​ 2022 ​ ​ 2021 Condensed Consolidated Statements of Operations: ​ ​ ​ ​ Premises and occupancy expenses from operating leases (1) ​ $ 196 $ 199 ​ $ 591 $ 597 Equipment expenses from operating leases ​ $ 22 $ 23 ​ $ 69 $ 46 ​ (1) Includes immaterial variable lease costs. ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended ​ Nine Months Ended (In Thousands) ​ March 31, 2022 ​ March 31, 2021 Condensed Consolidated Statements of Cash Flows: ​ ​ Operating cash flows from operating leases, net ​ $ 697 $ 676 ​ ​
Schedule of remaining minimum contractual lease payments and other information associated with leases	​ ​ ​ ​ ​ ​ ​ Amount (1) Year Ending June 30, (In Thousands) ​ 2022 ​ $ 225 ​ 2023 ​ 721 ​ 2024 ​ 518 ​ 2025 ​ 400 ​ 2026 ​ 236 ​ Thereafter ​ 39 ​ Total contract lease payments ​ $ 2,139 ​ ​ ​ ​ ​ ​ Total liability to make lease payments ​ $ 2,068 ​ Difference in undiscounted and discounted future lease payments ​ $ 71 ​ Weighted average discount rate ​ 1.88 % Weighted average remaining lease term (years) ​ 3.4 ​ ​ (1) Contractual base rents do not include property taxes and other operating expenses due under respective lease agreements.

Earnings Per Share - Summary of

Earnings Per Share - Summary of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Numerator:
Net income - numerator for basic earnings per share and diluted earnings per share - available to common stockholders	$ 1,699	$ 1,561	$ 6,630	$ 4,222
Denominator for basic earnings per share:
Weighted-average shares	7,358	7,463	7,442	7,447
Denominator for diluted earnings per share:
Basic earnings per share	$ 0.23	$ 0.21	$ 0.89	$ 0.57
Diluted earnings per share	$ 0.23	$ 0.21	$ 0.89	$ 0.56
Stock Option
Denominator for basic earnings per share:
Effect of dilutive shares	35	70	38	54
Restricted Stock
Denominator for basic earnings per share:
Effect of dilutive shares	20	47	11	20

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares	Mar. 31, 2022	Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options, outstanding	431,000	420,000
Restricted stock, outstanding	96,750	207,500
Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options exercisable	130,000	116,000

Investment Securities - Schedul

Investment Securities - Schedule of amortized cost and estimated fair value of Held to maturity investments (Details) - USD ($) $ in Thousands		Mar. 31, 2022		Jun. 30, 2021
Held to maturity
Amortized Cost		$ 195,579		$ 223,306
Gross Unrealized Gains		277		2,225
Gross Unrealized (Losses)		(9,964)		(810)
Estimated Fair Value		185,892		224,721
Carrying Value		195,579		223,306
U.S. government sponsored enterprise MBS
Held to maturity
Amortized Cost		191,074	[1]	220,448
Gross Unrealized Gains		270	[1]	2,209
Gross Unrealized (Losses)		(9,890)	[1]	(810)
Estimated Fair Value		181,454	[1]	221,847
U.S. government sponsored enterprise CMO
Held to maturity
Amortized Cost	[2]	2,955
Gross Unrealized Gains	[2]	0
Gross Unrealized (Losses)	[2]	(74)
Estimated Fair Value	[2]	2,881
U.S. SBA securities
Held to maturity
Amortized Cost		950	[3]	1,858
Gross Unrealized Gains		7	[3]	16
Gross Unrealized (Losses)		0	[3]	0
Estimated Fair Value		957	[3]	1,874
Certificate of deposits
Held to maturity
Amortized Cost		600		1,000
Gross Unrealized Gains		0		0
Gross Unrealized (Losses)		0		0
Estimated Fair Value		$ 600		$ 1,000
[1]	Mortgage-Backed Securities (“MBS”).
[2]	Collateralized Mortgage Obligations (“CMO”).
[3]	Small Business Administration (“SBA”).

Investment Securities - Sched_2

Investment Securities - Schedule of amortized cost and estimated fair value of Available for sale securities (Details) - USD ($) $ in Thousands	Mar. 31, 2022		Jun. 30, 2021
Available for sale
Amortized Cost	$ 2,897		$ 3,494
Gross Unrealized Gains	47		93
Gross Unrealized (Losses)	0		0
Estimated Fair Value	2,944		3,587
U.S. government agency MBS
Available for sale
Amortized Cost	1,793		2,146
Gross Unrealized Gains	39		76
Gross Unrealized (Losses)	0		0
Estimated Fair Value	1,832		2,222
U.S. government sponsored enterprise MBS
Available for sale
Amortized Cost	969		1,197
Gross Unrealized Gains	8		14
Gross Unrealized (Losses)	0		0
Estimated Fair Value	977		1,211
Private issue CMO
Available for sale
Amortized Cost	135	[1]	151
Gross Unrealized Gains	0	[1]	3
Gross Unrealized (Losses)	0	[1]	0
Estimated Fair Value	$ 135	[1]	$ 154
[1]	Collateralized Mortgage Obligations (“CMO”).

Investment Securities - Total i

Investment Securities - Total investment securities for amortized cost and estimated fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Investment Securities
Amortized Cost	$ 198,476	$ 226,800
Gross Unrealized Gains	324	2,318
Gross Unrealized (Losses)	(9,964)	(810)
Estimated Fair Value	188,836	228,308
Carrying Value	$ 198,523	$ 226,893

Investment Securities - Investm

Investment Securities - Investments with Unrealized Loss Positions for Held to maturity (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Schedule of Held-to-maturity Securities [Line Items]
Unrealized Holding Losses Less Than 12 Months, Fair Value	$ 128,910,000	$ 84,600,000
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	6,608,000	810,000
Unrealized Holding Losses 12 Months or More, Fair Value	38,467,000
Unrealized Holding Losses 12 Months or More, Unrealized Losses	3,356,000	0
Unrealized Holding Losses Total, Fair Value	167,377,000	84,600,000
Unrealized Holding Losses Total, Unrealized Losses	9,964,000	810,000
U.S. government sponsored enterprise MBS
Schedule of Held-to-maturity Securities [Line Items]
Unrealized Holding Losses Less Than 12 Months, Fair Value	126,029,000	84,600,000
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	6,534,000	810,000
Unrealized Holding Losses 12 Months or More, Fair Value	38,467,000
Unrealized Holding Losses 12 Months or More, Unrealized Losses	3,356,000
Unrealized Holding Losses Total, Fair Value	164,496,000	84,600,000
Unrealized Holding Losses Total, Unrealized Losses	9,890,000	$ 810,000
U.S. government sponsored enterprise CMO
Schedule of Held-to-maturity Securities [Line Items]
Unrealized Holding Losses Less Than 12 Months, Fair Value	2,881,000
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	74,000
Unrealized Holding Losses Total, Fair Value	2,881,000
Unrealized Holding Losses Total, Unrealized Losses	$ 74,000

Investment Securities - Inves_2

Investment Securities - Investments with Unrealized Loss Positions for total investment securities (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Investment Securities
Unrealized Holding Losses Less Than 12 Months, Fair Value	$ 128,910,000	$ 84,600,000
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	6,608,000	810,000
Unrealized Holding Losses 12 Months or More, Fair Value	38,467,000
Unrealized Holding Losses 12 Months or More, Unrealized Losses	3,356,000
Unrealized Holding Losses Total, Fair Value	167,377,000	84,600,000
Unrealized Holding Losses Total, Unrealized Losses	$ 9,964,000	$ 810,000

Investment Securities - Sched_3

Investment Securities - Schedule of Held to maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Held to maturity, Amortized Cost
Due in one year or less	$ 1,237	$ 1,209
Due after one through five years	12,546	14,544
Due after five through ten years	81,622	90,798
Due after ten years	100,174	116,755
Total investment securities - held to maturity, Amortized Cost	195,579	223,306
Held to maturity, Estimated Fair Value
Due in one year or less	1,229	1,218
Due after one through five years	12,541	15,179
Due after five through ten years	77,986	91,780
Due after ten years	94,136	116,544
Total investment securities - held to maturity, Estimated Fair Value	$ 185,892	$ 224,721

Investment Securities - Sched_4

Investment Securities - Schedule of Available for Sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
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	71	0
Due after ten years	2,826	3,494
Total investment securities - available for sale, Amortized Cost	2,897	3,494
Amortized Cost	198,476	226,800
Available for sale, Estimated Fair Value
Due in one year or less	0	0
Due after one through five years	0	0
Due after five through ten years	71	0
Due after ten years	2,873	3,587
Total investment securities - available for sale, Estimated Fair Value	2,944	3,587
Estimated Fair Value	$ 188,836	$ 228,308

Investment Securities - Mortgag

Investment Securities - Mortgage Backed Securities Policy (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Schedule of Available-for-sale Securities [Line Items]
Unrealized Holding Losses Total, Unrealized Losses	$ 9,964,000		$ 9,964,000		$ 810,000
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses	6,608,000		6,608,000		810,000
Unrealized Holding Losses 12 Months or More, Unrealized Losses	3,356,000		3,356,000		$ 0
U.S. government sponsored enterprise MBS
Schedule of Available-for-sale Securities [Line Items]
Principal payments from investment securities available for sale	12,300,000	$ 15,000,000	44,800,000	$ 36,800,000
Proceeds from sale of investment securities available for sale	0	0	0	0
Payments to acquire Mortgage Backed Securities (MBS) categorized as Held-to-maturity		$ 51,600,000	15,200,000	$ 158,000,000
Unrealized Holding Losses 12 Months or More, Unrealized Losses	$ 3,356,000		$ 3,356,000

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Debt Securities, Available-for-sale [Line Items]
Investments with an unrealized loss position	$ 9,964,000		$ 9,964,000		$ 810,000
Unrealized holding losses, 12 months or more	3,356,000		3,356,000		0
Unrealized Holding Losses Total, Unrealized Losses	9,964,000		9,964,000		810,000
Impairment loss	0	$ 0	0	$ 0
U.S. government sponsored enterprise CMO
Debt Securities, Available-for-sale [Line Items]
Payments to acquire Mortgage Backed Securities (MBS) categorized as Held-to-maturity	3,000,000		3,000,000
Investments with an unrealized loss position	74,000		74,000
U.S. government sponsored enterprise MBS
Debt Securities, Available-for-sale [Line Items]
Principal payments from investment securities available for sale	12,300,000	15,000,000	44,800,000	36,800,000
Payments to acquire Mortgage Backed Securities (MBS) categorized as Held-to-maturity		$ 51,600,000	15,200,000	$ 158,000,000
Investments with an unrealized loss position	9,890,000		9,890,000		$ 810,000
Unrealized holding losses, 12 months or more	$ 3,356,000		$ 3,356,000

Loans Held for Investment - Sch

Loans Held for Investment - Schedule of Loans Held for Investment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	$ 892,451		$ 852,082
Advance payments of escrows	194		157
Deferred loan costs, net	6,887		6,308
Allowance for loan losses	(5,969)	$ (6,608)	(7,587)	$ (8,346)	$ (8,538)	$ (8,265)
Total loans held for investment, net	893,563		850,960
Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	(870)	(915)	(1,006)	(1,102)	(1,132)	(1,110)
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses	(59)	$ (55)	(51)	$ (53)	$ (110)	$ (171)
Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	327,661		268,272
Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	468,656		484,408
Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	91,344		95,279
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	4,127		3,040
Undisbursed loan funds	4,500
Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	131		139
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	73		95
Undisbursed loan funds	401		425
Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment, gross	459		849
Undisbursed loan funds	$ 942		$ 460

Loans Held for Investment - S_2

Loans Held for Investment - Schedule of Loans Held for Investment Contractually Repricing (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	$ 77,724
Total loans held for investment, gross	892,451	$ 852,082
Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	76,235
Total loans held for investment, gross	327,661	268,272
Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	184
Total loans held for investment, gross	468,656	484,408
Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	0
Total loans held for investment, gross	91,344	95,279
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	834
Total loans held for investment, gross	4,127	3,040
Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	131
Total loans held for investment, gross	131	139
Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	340
Total loans held for investment, gross	459	849
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Fixed Rate	0
Total loans held for investment, gross	73	$ 95
Within One Year [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	246,173
Within One Year [Member] | Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	50,516
Within One Year [Member] | Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	140,937
Within One Year [Member] | Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	51,235
Within One Year [Member] | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	3,293
Within One Year [Member] | Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
Within One Year [Member] | Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	119
Within One Year [Member] | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	73
After One Year Through 3 Years [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	175,074
After One Year Through 3 Years [Member] | Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	29,988
After One Year Through 3 Years [Member] | Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	121,629
After One Year Through 3 Years [Member] | Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	23,457
After One Year Through 3 Years [Member] | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After One Year Through 3 Years [Member] | Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After One Year Through 3 Years [Member] | Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After One Year Through 3 Years [Member] | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 3 Years Through 5 Years [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	209,963
After 3 Years Through 5 Years [Member] | Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	34,004
After 3 Years Through 5 Years [Member] | Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	159,307
After 3 Years Through 5 Years [Member] | Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	16,652
After 3 Years Through 5 Years [Member] | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 3 Years Through 5 Years [Member] | Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 3 Years Through 5 Years [Member] | Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 3 Years Through 5 Years [Member] | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 5 Years Through 10 Years [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	183,517
After 5 Years Through 10 Years [Member] | Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	136,918
After 5 Years Through 10 Years [Member] | Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	46,599
After 5 Years Through 10 Years [Member] | Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 5 Years Through 10 Years [Member] | Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 5 Years Through 10 Years [Member] | Mortgage Loans Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 5 Years Through 10 Years [Member] | Commercial business loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	0
After 5 Years Through 10 Years [Member] | Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, Adjustable Rate	$ 0

Loans Held for Investment - S_3

Loans Held for Investment - Schedule of Gross Loans Held for Investment by Loan Types and Risk Category (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Loans and Leases Receivable, Gross	$ 892,451	$ 852,082
Mortgage loans, Single-family
Loans and Leases Receivable, Gross	327,661	268,272
Mortgage Loans, Multi Family
Loans and Leases Receivable, Gross	468,656	484,408
Mortgage loans, Commercial real estate
Loans and Leases Receivable, Gross	91,344	95,279
Construction
Loans and Leases Receivable, Gross	4,127	3,040
Mortgage Loans Other
Loans and Leases Receivable, Gross	131	139
Commercial business loans
Loans and Leases Receivable, Gross	459	849
Consumer loans
Loans and Leases Receivable, Gross	73	95
Pass
Loans and Leases Receivable, Gross	889,435	840,908
Pass | Mortgage loans, Single-family
Loans and Leases Receivable, Gross	325,083	258,217
Pass | Mortgage Loans, Multi Family
Loans and Leases Receivable, Gross	468,218	483,289
Pass | Mortgage loans, Commercial real estate
Loans and Leases Receivable, Gross	91,344	95,279
Pass | Construction
Loans and Leases Receivable, Gross	4,127	3,040
Pass | Mortgage Loans Other
Loans and Leases Receivable, Gross	131	139
Pass | Commercial business loans
Loans and Leases Receivable, Gross	459	849
Pass | Consumer loans
Loans and Leases Receivable, Gross	73	95
Special Mention
Loans and Leases Receivable, Gross	789	1,767
Special Mention | Mortgage loans, Single-family
Loans and Leases Receivable, Gross	789	1,767
Special Mention | Mortgage Loans, Multi Family
Loans and Leases Receivable, Gross		0
Special Mention | Mortgage loans, Commercial real estate
Loans and Leases Receivable, Gross		0
Special Mention | Construction
Loans and Leases Receivable, Gross		0
Special Mention | Mortgage Loans Other
Loans and Leases Receivable, Gross		0
Special Mention | Commercial business loans
Loans and Leases Receivable, Gross		0
Special Mention | Consumer loans
Loans and Leases Receivable, Gross		0
Substandard
Loans and Leases Receivable, Gross	2,227	9,407
Substandard | Mortgage loans, Single-family
Loans and Leases Receivable, Gross	1,789	8,288
Substandard | Mortgage Loans, Multi Family
Loans and Leases Receivable, Gross	438	1,119
Substandard | Mortgage loans, Commercial real estate
Loans and Leases Receivable, Gross	0	0
Substandard | Construction
Loans and Leases Receivable, Gross	0	0
Substandard | Mortgage Loans Other
Loans and Leases Receivable, Gross	0	0
Substandard | Commercial business loans
Loans and Leases Receivable, Gross	0	0
Substandard | Consumer loans
Loans and Leases Receivable, Gross	$ 0	$ 0

Loans Held for Investment - S_4

Loans Held for Investment - Schedule of Past Due Status of Loans Held for Investment, Gross (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans deemed uncollectible, period of delinquency	90 days	90 days
Current	$ 890,222	$ 842,668
30-89 Days Past Due	2	7
Non-Accrual	2,227	9,407
Total Loans Held for Investment, Gross	892,451	852,082	$ 841,993
Mortgage loans, Single-family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	325,872	259,984
30-89 Days Past Due	0	0
Non-Accrual	1,789	8,288
Total Loans Held for Investment, Gross	327,661	268,272	254,393
Mortgage Loans, Multi Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	468,218	483,289
30-89 Days Past Due	0	0
Non-Accrual	438	1,119
Total Loans Held for Investment, Gross	468,656	484,408	483,283
Mortgage loans, Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	91,344	95,279
30-89 Days Past Due	0	0
Non-Accrual	0	0
Total Loans Held for Investment, Gross	91,344	95,279	99,722
Construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	4,127	3,040
30-89 Days Past Due	0	0
Non-Accrual	0	0
Total Loans Held for Investment, Gross	4,127	3,040	3,508
Mortgage Loans Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	131	139
30-89 Days Past Due	0	0
Non-Accrual	0	0
Total Loans Held for Investment, Gross	131	139	140
Commercial business loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	459	849
30-89 Days Past Due	0	0
Non-Accrual	0	0
Total Loans Held for Investment, Gross	459	849	851
Consumer loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	71	88
30-89 Days Past Due	2	7
Non-Accrual	0	0
Total Loans Held for Investment, Gross	$ 73	$ 95	$ 96
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 - S_5

Loans Held for Investment - Schedule of Allowance For Loan Losses and Recorded Investment in Gross Loans, by Portfolio Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of the year	$ 6,608	$ 8,538	$ 7,587	$ 8,265
(Recovery) provision for loan losses	(645)	(200)	(2,051)	59
Recoveries	6	9	433	24
Charge-offs	0	(1)	0	(2)
Net recoveries (charge-offs)	6	8	433	22
Allowance for loan losses, end of the year	5,969	8,346	5,969	8,346
Individually evaluated for impairment	51	572	51	572
Collectively evaluated for impairment	5,918	7,774	5,918	7,774
Individually evaluated for impairment	1,549	9,343	1,549	9,343
Collectively evaluated for impairment	890,902	832,650	890,902	832,650
Total Loans Held for Investment, Gross	$ 892,451	$ 841,993	$ 892,451	$ 841,993	$ 852,082
Allowance for loan losses as a percentage of gross loans held for investment	0.66%	0.98%	0.66%	0.98%
Net (recoveries) charge-offs as a percentage of average loans receivable, net, during the period (annualized)	0.00%	0.00%	(0.07%)	0.00%
Mortgage loans, Single-family
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of the year	$ 1,396	$ 2,706	$ 2,000	$ 2,622
(Recovery) provision for loan losses	(64)	(311)	(1,095)	(241)
Recoveries	6	9	433	23
Charge-offs	0	0	0
Allowance for loan losses, end of the year	1,338	2,404	1,338	2,404
Individually evaluated for impairment	51	572	51	572
Collectively evaluated for impairment	1,287	1,832	1,287	1,832
Individually evaluated for impairment	1,549	9,343	1,549	9,343
Collectively evaluated for impairment	326,112	245,050	326,112	245,050
Total Loans Held for Investment, Gross	$ 327,661	$ 254,393	$ 327,661	$ 254,393	268,272
Allowance for loan losses as a percentage of gross loans held for investment	0.41%	0.94%	0.41%	0.94%
Mortgage Loans, Multi Family
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of the year	$ 4,219	$ 4,540	$ 4,485	$ 4,329
(Recovery) provision for loan losses	(544)	202	(810)	413
Recoveries	0	0
Charge-offs	0	0
Allowance for loan losses, end of the year	3,675	4,742	3,675	4,742
Collectively evaluated for impairment	3,675	4,742	3,675	4,742
Collectively evaluated for impairment	468,656	483,283	468,656	483,283
Total Loans Held for Investment, Gross	$ 468,656	$ 483,283	$ 468,656	$ 483,283	484,408
Allowance for loan losses as a percentage of gross loans held for investment	0.78%	0.98%	0.78%	0.98%
Mortgage loans, Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of the year	$ 915	$ 1,132	$ 1,006	$ 1,110
(Recovery) provision for loan losses	(45)	(30)	(136)	(8)
Recoveries	0	0
Charge-offs	0	0
Allowance for loan losses, end of the year	870	1,102	870	1,102
Collectively evaluated for impairment	870	1,102	870	1,102
Collectively evaluated for impairment	91,344	99,722	91,344	99,722
Total Loans Held for Investment, Gross	$ 91,344	$ 99,722	$ 91,344	$ 99,722	95,279
Allowance for loan losses as a percentage of gross loans held for investment	0.95%	1.11%	0.95%	1.11%
Construction
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of the year	$ 55	$ 110	$ 51	$ 171
(Recovery) provision for loan losses	4	(57)	8	(118)
Recoveries	0	0
Charge-offs	0	0
Allowance for loan losses, end of the year	59	53	59	53
Collectively evaluated for impairment	59	53	59	53
Collectively evaluated for impairment	4,127	3,508	4,127	3,508
Total Loans Held for Investment, Gross	$ 4,127	$ 3,508	$ 4,127	$ 3,508	3,040
Allowance for loan losses as a percentage of gross loans held for investment	1.43%	1.51%	1.43%	1.51%
Mortgage Loans Other
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of the year	$ 3	$ 3	$ 3	$ 3
(Recovery) provision for loan losses	0
Recoveries	0	0
Charge-offs	0	0
Allowance for loan losses, end of the year	3	3	3	3
Collectively evaluated for impairment	3	3	3	3
Collectively evaluated for impairment	131	140	131	140
Total Loans Held for Investment, Gross	$ 131	$ 140	$ 131	$ 140	139
Allowance for loan losses as a percentage of gross loans held for investment	2.29%	2.14%	2.29%	2.14%
Commercial business loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of the year	$ 15	$ 41	$ 36	$ 24
(Recovery) provision for loan losses	5	(5)	(16)	12
Recoveries	0	0
Charge-offs	0	0
Allowance for loan losses, end of the year	20	36	20	36
Collectively evaluated for impairment	20	36	20	36
Collectively evaluated for impairment	459	851	459	851
Total Loans Held for Investment, Gross	$ 459	$ 851	$ 459	$ 851	849
Allowance for loan losses as a percentage of gross loans held for investment	4.36%	4.23%	4.36%	4.23%
Consumer loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, beginning of the year	$ 5	$ 6	$ 6	$ 6
(Recovery) provision for loan losses	(1)	1	(2)	1
Recoveries	0	0		1
Charge-offs	0	(1)		(2)
Allowance for loan losses, end of the year	4	6	4	6
Collectively evaluated for impairment	4	6	4	6
Collectively evaluated for impairment	73	96	73	96
Total Loans Held for Investment, Gross	$ 73	$ 96	$ 73	$ 96	$ 95
Allowance for loan losses as a percentage of gross loans held for investment	5.48%	6.25%	5.48%	6.25%

Loans Held for Investment - S_6

Loans Held for Investment - Schedule of Total Recorded Investment in Non-Performing Loans by Type (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Financing Receivable, Allowance for Credit Losses [Line Items]
Related Allowance	$ (231)	$ (772)
Unpaid Principal Balance	2,266	9,854
Related Charge-Offs	(39)	(436)
Recorded Investment	2,227	9,418
Recorded Investment, Net of Allowance	1,996	8,646
Mortgage loans, Single-family
Financing Receivable, Allowance for Credit Losses [Line Items]
With a related allowance Unpaid Principal Balance	1,265	7,400
With Related Allowance, Related Charge-Offs	0	0
With Related Allowance, Recorded Investment	1,265	7,400
Related Allowance	(99)	(434)
Recorded Investment, with Related Allowance, Net	1,166	6,966
Without a related allowance, Unpaid Principal Balance	563	1,335
With No Related Allowance, Related Charge-Offs	(39)	(436)
With No Related Allowance, Recorded Investment	524	899
Recorded Investment, with No Related Allowance, Net	524	899
Unpaid Principal Balance	1,828	8,735
Related Charge-Offs	(39)	(436)
Recorded Investment	1,789	8,299
Recorded Investment, Net of Allowance	1,690	7,865
Mortgage Loans, Multi Family
Financing Receivable, Allowance for Credit Losses [Line Items]
With a related allowance Unpaid Principal Balance	438	1,119
With Related Allowance, Related Charge-Offs	0	0
With Related Allowance, Recorded Investment	438	1,119
Related Allowance	(132)	(338)
Recorded Investment, with Related Allowance, Net	306	781
Unpaid Principal Balance	438	1,119
Related Charge-Offs	0	0
Recorded Investment	438	1,119
Recorded Investment, Net of Allowance	$ 306	$ 781

Loans Held for Investment - S_7

Loans Held for Investment - Schedule of Recorded Investment in Non-Performing Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
With related allowances, Interest Income Recognized	$ 27	$ 31	$ 129	$ 101
With related allowances, Average Recorded Investment	2,439	9,350	4,305	7,065
Recorded Investment	2,227		2,227		$ 9,418
Related Allowance	(231)		(231)		(772)
Non-performing loans, Net Investment	1,996		1,996		8,646
Without related allowances, Interest Income Recognized	1	0	232	0
Without related allowances, Average Recorded Investment	540	1,461	675	1,638
Impaired Financing Receivable, Interest Income, Accrual Method	28	31	361	101
Impaired Financing Receivable, Average Recorded Investment	2,979	10,811	4,980	8,703
Mortgage loans, Single-family
With related allowances, Interest Income Recognized	15	27	86	96
With related allowances, Average Recorded Investment	1,267	8,975	3,126	6,923
Without related allowances, Interest Income Recognized	1	0	232	0
Without related allowances, Average Recorded Investment	540	1,461	675	1,638
Mortgage Loans, Multi Family
With related allowances, Interest Income Recognized			43	4
With related allowances, Average Recorded Investment			1,179	125
Commercial business loans
With related allowances, Interest Income Recognized			0	1
With related allowances, Average Recorded Investment			0	$ 17
Mortgage Loans, Multi Family
With related allowances, Interest Income Recognized	12	4
With related allowances, Average Recorded Investment	1,172	$ 375
With Related Allowance, Recorded Investment	438		438		1,119
Recorded Investment	438		438		1,119
Related Allowance	(132)		(132)		(338)
Non-performing loans, With a related allowance, Net Investment	306		306		781
Non-performing loans, Net Investment	$ 306		$ 306		$ 781

Loans Held for Investment - S_8

Loans Held for Investment - Schedule of loan forbearance related to COVID-19 hardship requests (Details) $ in Thousands	Mar. 31, 2022USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Forbearance Granted, Number of Loans	67
Forbearance Granted, Amount	$ 27,380
Forbearance Completed, Number of Loans	67
Forbearance Completed, Amount	$ 27,380
Mortgage loans, Single-family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Forbearance Granted, Number of Loans	59
Forbearance Granted, Amount	$ 23,135
Forbearance Completed, Number of Loans	59
Forbearance Completed, Amount	$ 23,135
Mortgage Loans, Multi Family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Forbearance Granted, Number of Loans	5
Forbearance Granted, Amount	$ 2,278
Forbearance Completed, Number of Loans	5
Forbearance Completed, Amount	$ 2,278
Mortgage loans, Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Forbearance Granted, Number of Loans	3
Forbearance Granted, Amount	$ 1,967
Forbearance Completed, Number of Loans	3
Forbearance Completed, Amount	$ 1,967

Loans Held for Investment - S_9

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	Mar. 31, 2022	Jun. 30, 2021
Financing Receivable, Modifications [Line Items]
Restructured loans on non-accrual status	$ 974	$ 6,983
Restructured loans on accrual status	4,347	876
Restructured loans	5,321	7,859
Mortgage loans, Single-family
Financing Receivable, Modifications [Line Items]
Restructured loans on non-accrual status	974	6,983
Restructured loans on accrual status	$ 4,347	$ 876

Loans Held for Investment - _10

Loans Held for Investment - Schedule of Restructured Loans by Type, Net of Individually Evaluated Allowances (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)loan	Jun. 30, 2021USD ($)loan
Financing Receivable, Impaired [Line Items]
Number of modified loans | loan	16	23
Restructured Loans, Allowance for Loan Losses	$ (51)	$ (384)
Restructured Loans, Unpaid Principal Balance	5,372	8,608
Restructured Loans, Related Charge-offs	0	(365)
Restructured Loans, Recorded Investment	5,372	8,243
Restructured loans, net investment	5,321	7,859
Mortgage loans, Single-family
Financing Receivable, Impaired [Line Items]
Restructured Loans, With Related Allowance, Unpaid Principal Balance	1,025	7,151
Restructured Loans, With Related Allowance, Related Charge-offs	0	0
Restructured Loans, With a Related Allowance, Recorded Investment	1,025	7,151
Restructured Loans, Allowance for Loan Losses	(51)	(384)
Restructured loans, with a related allowance, net investment	974	6,767
Restructured Loans, Without a Related Allowance, Unpaid Principal Balance	4,347	1,457
Restructured Loans, Without a Related Allowance, Related Charge-offs	0	(365)
Restructured Loans, Without a Related Allowance, Recorded Investment	4,347	1,092
Restructured Loans, Without a Related Allowance, Net Investment	4,347	1,092
Restructured Loans, Unpaid Principal Balance	5,372	8,608
Restructured Loans, Related Charge-offs	0	(365)
Restructured Loans, Recorded Investment	5,372	8,243
Restructured loans, net investment	$ 5,321	$ 7,859

Loans Held for Investment - Add

Loans Held for Investment - Additional Information (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2022USD ($)loanproperty	Mar. 31, 2021USD ($)propertyloan	Mar. 31, 2022USD ($)loanproperty	Mar. 31, 2021USD ($)loanpropertylocation	Jun. 30, 2021USD ($)loan
Fixed-rate loans as a percentage of total loans held for investment	9.00%		9.00%		4.00%
Loans deemed uncollectible, period of delinquency			90 days		90 days
Loans held for investment	$ 892,451,000		$ 892,451,000		$ 852,082,000
Loans and Leases Receivable, Impaired, Commitment to Lend	0		0		$ 0
Total interest payments received	34,000	$ 47,000	384,000	$ 140,000
Non-performing loans interest recognized as principal payments, cost basis	6,000	16,000	23,000	39,000
Interest income, non-performing loans, cash basis	28,000		361,000	101,000
Average investment in non-performing loans	$ 2,979,000	$ 10,811,000	$ 4,980,000	$ 8,703,000
Number of loans newly restructured	0	1	0	18
Number of Covid-19 related loans newly restructured | location				17
Number of modified loans | loan			16		23
Number of loans upgraded | loan				3
Restructured Loans, Number of Loans Paid off | loan			6
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts	0	0	0	0
Loans receivable, restructured loans, nonaccrual status	$ 4,347,000		$ 4,347,000		$ 876,000
Restructured loans on non-accrual status	$ 974,000		$ 974,000		6,983,000
Number of Properties Acquired in Settlement of Loans | property	0	0	0	0
Number of Previously Foreclosed Properties Sold | property	0	0	0	0
First Trust Deed Loans
Loans deemed uncollectible, period of delinquency			150 days
Mortgage loans, Single-family
Loans receivable, restructured loans, nonaccrual status	$ 4,347,000		$ 4,347,000		876,000
Restructured loans on non-accrual status	974,000		$ 974,000		6,983,000
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					7,900,000
Commercial Real Estate Or Second Mortgage [Member]
Loans deemed uncollectible, period of delinquency			120 days
Restructured loans on accrual status
Loans held for investment	5,300,000		$ 5,300,000
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	2,227,000		$ 2,227,000		9,407,000
Substandard | Restructured loans on non-accrual status
Loans held for investment	974,000		$ 974,000		$ 7,000,000
Number of modified loans | loan			2		20
Pass
Loans held for investment	889,435,000		$ 889,435,000		$ 840,908,000
Number of loans upgraded | loan		2	11
Special Mention
Loans held for investment	$ 789,000		$ 789,000		1,767,000
Number of loans downgraded | loan	1
Restructured Loans, Number of Loans Paid off | loan	2
Current
Loans held for investment	$ 4,500,000		$ 4,500,000		$ 7,700,000
Percent of total restructured loans on current status	85.00%		85.00%		97.00%
Interest income
Interest income, non-performing loans, cash basis		$ 31,000
Mortgage loans, Single-family
Loans held for investment	$ 327,661,000		$ 327,661,000		$ 268,272,000
Number of loans subsequently extended beyond forbearance	19		19
Amount of loans subsequently extended beyond forbearance	$ 6,900,000		$ 6,900,000
Number of loans paid off which is extended beyond forbearance | loan	4		4
Amount of loans paid off which is extended beyond forbearance	$ 2,000,000		$ 2,000,000
Number of loans nonperforming which is extended beyond initial forbearance | loan			2
Amount of loans nonperforming which is extended beyond initial forbearance	1,000,000		$ 1,000,000
Mortgage loans, Single-family | Substandard
Loans held for investment	1,789,000		1,789,000		8,288,000
Mortgage loans, Single-family | Pass
Loans held for investment	$ 325,083,000		$ 325,083,000		258,217,000
Number of loans upgraded which is extended beyond initial forbearance | loan	12		12
Amount of loans upgraded which is extended beyond initial forbearance	$ 3,700,000		$ 3,700,000
Mortgage loans, Single-family | Special Mention
Loans held for investment	$ 789,000		$ 789,000		1,767,000
Number of loans upgraded which is extended beyond initial forbearance | loan	1		1
Amount of loans upgraded which is extended beyond initial forbearance	$ 208,000,000		$ 208,000,000
Mortgage Loans, Multi Family
Loans held for investment	468,656,000		468,656,000		484,408,000
Mortgage Loans, Multi Family | Substandard
Loans held for investment	438,000		438,000		1,119,000
Mortgage Loans, Multi Family | Pass
Loans held for investment	$ 468,218,000		$ 468,218,000		483,289,000
Mortgage Loans, Multi Family | Special Mention
Loans held for investment					$ 0

Derivative and Other Financia_3

Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Schedule of Undisbursed Funds Commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Derivative [Line Items]
Total	$ 46,545	$ 27,251
Undisbursed loan funds - Construction loans
Derivative [Line Items]
Total	4,468	4,479
Undisbursed lines of credit - Commercial business loans
Derivative [Line Items]
Total	942	460
Undisbursed lines of credit - Consumer loans
Derivative [Line Items]
Total	401	425
Commitments to extend credit on loans to be held for investment
Derivative [Line Items]
Total	$ 40,734	$ 21,887

Derivative and Other Financia_4

Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Schedule of Allowance for Loan Losses of Undisbursed Funds and Commitments on Loans Held for Investment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning of the year	$ 6,608	$ 8,538	$ 7,587	$ 8,265
Recovery	(645)	(200)	(2,051)	59
Allowance for loan losses, end of the year	5,969	8,346	5,969	8,346
Commitments to extend credit on loans to be held for sale
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning of the year	99	101	127	126
Recovery	42	56	14	31
Allowance for loan losses, end of the year	$ 141	$ 157	$ 141	$ 157

Derivative and Other Financia_5

Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Summary of the recourse liability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Summary Of Recourse Liability [Roll Forward]
Balance, beginning of the period	$ 160	$ 390	$ 200	$ 270
Provision for recourse liability	0	0	40	(120)
Net settlements in lieu of loan repurchases	0	(175)	0	(175)
Balance, end of the period	$ 160	$ 215	$ 160	$ 215

Derivative and Other Financia_6

Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Additional Information (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2022USD ($)loan	Mar. 31, 2021USD ($)loan	Mar. 31, 2022USD ($)loan	Mar. 31, 2021USD ($)loan	Dec. 31, 2021USD ($)	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)	Jun. 30, 2020USD ($)
Derivative [Line Items]
Commitments to extend credit	$ 4,400,000		$ 4,400,000			$ 5,300,000
Outstanding derivative financial instruments	$ 0		$ 0			0
Number Of Loans Repurchased | loan	0	0	0	0
Recourse Liability	$ 160,000	$ 215,000	$ 160,000	$ 215,000	$ 160,000	200,000	$ 390,000	$ 270,000
Mortgage Partnership Finance (MPF) Program
Derivative [Line Items]
Basis point of loss absorbed by first loss account			4
Other Investors | Mortgage Partnership Finance (MPF) Program
Derivative [Line Items]
Recourse Liability	150,000		$ 150,000			175,000
FHLB - San Francisco [Member]
Derivative [Line Items]
Recourse Liability	$ 10,500		$ 10,500			$ 25,000

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Fair Value of Financial Instruments
Loans held for investment, Aggregate Fair Value	$ 1,470	$ 1,874
Loans held for investment, Aggregate Unpaid Principal Balance	1,589	1,934
Loans held for investment, Net Unrealized Loss	$ (119)	$ (60)

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Corporations assets measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for investment, at fair value	$ 1,470	$ 1,874
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	2,944	3,587
Loans held for investment, at fair value	1,470	1,874
Interest-only strips	8	10
Total assets	4,422	5,471
Liabilities	0
Total liabilities	0
Recurring | U.S. government agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	1,832	2,222
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	977	1,211
Recurring | Private issue CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities - available for sale	135	154
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	2,809	3,433
Loans held for investment, at fair value	0	0
Interest-only strips	0	0
Total assets	2,809	3,433
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	1,832	2,222
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	977	1,211
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	135	154
Loans held for investment, at fair value	1,470	1,874
Interest-only strips	8	10
Total assets	1,613	2,038
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	$ 135	$ 154

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Schedule of Reconciliation of Beginning and Ending Balances of Recurring Fair Value Measurements Using Level 3 Inputs (Details) - Fair Value, Inputs, Level 3 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,710	$ 2,157	$ 2,038	$ 2,469
Total gains or losses (realized/unrealized) Included in earnings	(68)	57	(59)	42
Total gains or losses (realized/unrealized) Included in other comprehensive income (loss)	(2)	1	(4)	5
Purchases	0	0
Issuances	0	0
Settlements	(27)	(162)	(362)	(463)
Transfers in and/or out of Level 3	0	0
Ending balance	1,613	2,053	1,613	2,053
Private issue CMO
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	146	173	154	197
Total gains or losses (realized/unrealized) Included in earnings	0	0
Total gains or losses (realized/unrealized) Included in other comprehensive income (loss)	(2)	2	(2)	8
Purchases	0	0
Issuances	0	0
Settlements	(9)	(12)	(17)	(42)
Transfers in and/or out of Level 3	0	0
Ending balance	135	163	135	163
Loans Held For Investment at Fair Value
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,555	1,972	1,874	2,258
Total gains or losses (realized/unrealized) Included in earnings	(67)	57	(59)	42
Total gains or losses (realized/unrealized) Included in other comprehensive income (loss)	0	0
Purchases	0	0
Issuances	0	0
Settlements	(18)	(150)	(345)	(421)
Transfers in and/or out of Level 3	0	0
Ending balance	1,470	1,879	1,470	1,879
Interest-Only Strips
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	9	12	10	14
Total gains or losses (realized/unrealized) Included in earnings	(1)	0
Total gains or losses (realized/unrealized) Included in other comprehensive income (loss)	0	(1)	(2)	(3)
Purchases	0	0
Issuances	0	0
Settlements	0	0
Transfers in and/or out of Level 3	0	0
Ending balance	$ 8	$ 11	$ 8	$ 11

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Corporations assets measured at fair value at the dates indicated on a nonrecurring basis (Details) - Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans	$ 1,996	$ 8,646
Mortgage servicing assets	171	208
Total assets	2,167	8,854
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
Total assets	0	0
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans	524	899
Mortgage servicing assets	0	0
Total assets	524	899
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-performing loans	1,472	7,747
Mortgage servicing assets	171	208
Total assets	$ 1,643	$ 7,955

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Valuation techniques and inputs used (Details) - Fair Value, Inputs, Level 3 $ in Thousands	9 Months Ended
	Mar. 31, 2022USD ($)
Private issue CMO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 135
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	0.30%
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	0.40%
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	0.20%
Loans Held For Investment at Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 1,470
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	95.70%
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	1.20%
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	99.90%
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	97.00%
Loans Held For Investment at Fair Value | Weighted Average | Relative value analysis | Credit risk factors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	4.50%
Non-performing loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 974
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 | Discounted cash flow | Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Fair Value Measurement Input	5.00%
Non-performing loans one
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 498
Non-performing loans one | Relative value analysis | Credit risk factors
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impact to valuation from an increase in inputs on assets	Decrease
Non-performing loans one | 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 one | 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 one | 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	26.50%
Mortgage servicing assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 171
Mortgage servicing assets | Discounted cash flow | 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 | Discounted cash flow | 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	6.80%
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	13.70%
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	9.00%
Interest-Only Strips
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 8
Interest-Only Strips | Discounted cash flow | 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 | Discounted cash flow | 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
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	27.30%
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	30.90%
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	30.70%

Fair Value of Financial Instr_8

Fair Value of Financial Instruments - Carrying amount and fair value of the Corporations other financial instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities - held to maturity, at cost	$ 195,579	$ 223,306
Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held for investment, not recorded at fair value	892,093	849,086
Investment securities - held to maturity, at cost	195,579	223,306
FHLB - San Francisco stock	8,155	8,155
Deposits	963,500	937,973
Borrowings	80,000	100,983
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held for investment, not recorded at fair value	866,869	848,727
Investment securities - held to maturity, at cost	185,892	224,721
FHLB - San Francisco stock	8,155	8,155
Deposits	926,300	904,673
Borrowings	80,536	104,526
Fair Value | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held for investment, not recorded at fair value	0	0
Investment securities - held to maturity, at cost	0	0
FHLB - San Francisco stock	0	0
Deposits	0	0
Borrowings	0	0
Fair Value | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held for investment, not recorded at fair value	0	0
Investment securities - held to maturity, at cost	185,892	224,721
FHLB - San Francisco stock	8,155	8,155
Deposits	0	0
Borrowings	0	0
Fair Value | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans held for investment, not recorded at fair value	866,869	848,727
Investment securities - held to maturity, at cost	0	0
FHLB - San Francisco stock	0	0
Deposits	926,300	904,673
Borrowings	$ 80,536	$ 104,526

Reclassification Adjustment o_3

Reclassification Adjustment of Accumulated Other Comprehensive Income ("AOCI") (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	$ 58	$ 80	$ 72	$ 104
Other comprehensive loss before reclassifications	(19)	(2)	(33)	(26)
Amount reclassified from accumulated other comprehensive income	0
Other comprehensive loss	(19)	(2)	(33)	(26)
Ending balance	39	78	39	78
Available for sale
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	52	71	65	94
Other comprehensive loss before reclassifications	(19)	(1)	(32)	(24)
Amount reclassified from accumulated other comprehensive income	0
Other comprehensive loss	(19)	(1)	(32)	(24)
Ending balance	33	70	33	70
Interest-Only Strips
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	6	9	7	10
Other comprehensive loss before reclassifications		(1)	(1)	(2)
Amount reclassified from accumulated other comprehensive income	0
Other comprehensive loss		(1)	(1)	(2)
Ending balance	$ 6	$ 8	$ 6	$ 8

Revenue From Contracts With C_3

Revenue From Contracts With Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Loan servicing and other fees	$ 237	$ 355	$ 867	$ 880
Other	170	160	536	397
Total non-interest income	1,114	1,199	3,551	3,332
Deposit related fees
Revenue within the scope of ASC 606	329	318	966	957
Card and processing fees
Revenue within the scope of ASC 606	378	366	1,182	1,098
BOLI
Other	$ 46	$ 48	$ 141	$ 143

Leases - Supplemental informati

Leases - Supplemental information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Leases
Lease expense	$ 218,000	$ 222,000
Consolidated Statements of Condition:
Premises and equipment - Operating lease right of use assets	2,030,000		$ 2,030,000		$ 2,117,000
Accounts payable, accrued interest and other liabilities - Operating lease liabilities	2,068,000		2,068,000		$ 2,192,000
Consolidated Statements of Operations:
Premises and occupancy expenses from operating leases	196,000	199,000	591,000	$ 597,000
Equipment expenses from operating leases	$ 22,000	$ 23,000	69,000	46,000
Consolidated Statements of Cash Flows:
Operating cash flows for operating leases, net			$ 697,000	$ 676,000

Leases - Remaining contractual

Leases - Remaining contractual lease payments and other information (Details) $ in Thousands	Mar. 31, 2022USD ($)
Remaining minimum contractual lease payments and other information associated with the leases
2022	$ 225
2023	721
2024	518
2025	400
2026	236
Thereafter	39
Total contract lease payments	2,139
Total liability to make lease payments	2,068
Difference in undiscounted and discounted future lease payments	$ 71
Weighted average discount rate	1.88%
Weighted average remaining lease term (years)	3 years 4 months 24 days

Stock Repurchases (Details)

Stock Repurchases (Details) - April 2020 stock repurchase plan - $ / shares	Apr. 27, 2021	Mar. 31, 2022	Mar. 31, 2022
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program authorized percentage	5.00%
Stock Repurchase program, remaining authorized shares	317,108	45,036	45,036
Shares acquired		69,271	221,797
Shares repurchased weighted average cost per share		$ 16.69	$ 16.87
Maximum
Equity, Class of Treasury Stock [Line Items]
Stock repurchase plan period	1 year

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent event	Apr. 28, 2022$ / sharesshares
Subsequent Event [Line Items]
Dividends declared date	Apr. 28, 2022
Quarterly cash dividend declared, common stock | $ / shares	$ 0.14
Dividend, date of record	May 19, 2022
Dividends payable, date	Jun. 9, 2022
April 2022 stock repurchase plan
Subsequent Event [Line Items]
Stock repurchase program authorized percentage	5.00%
Stock Repurchase program, remaining authorized shares | shares	364,259
Stock repurchase plan period	1 year