Axos Financial (AX) 10-K 26 Aug 21 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Jun. 30, 2021	Aug. 21, 2021	Dec. 31, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2021
Current Fiscal Year End Date	--06-30
Document Transition Report	false
Entity File Number	001-37709
Entity Registrant Name	AXOS FINANCIAL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	33-0867444
Entity Address, Address Line One	9205 West Russell Road, Suite 400,
Entity Address, City or Town	Las Vegas,
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89148
City Area Code	858
Local Phone Number	649-2218
Title of 12(b) Security	Common stock, $.01 par value
Trading Symbol	AX
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,802,220,286
Entity Common Stock, Shares Outstanding		59,355,332
Documents Incorporated by Reference	Portions of the registrant’s definitive Proxy Statement for the registrant’s 2021 Annual Meeting of Stockholders are incorporated by reference into Part III.
Entity Central Index Key	0001299709
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
ASSETS
Cash and due from banks	$ 715,624	$ 1,756,477
Cash segregated for regulatory purposes	322,153	194,042
Total cash, cash equivalents, cash segregated	1,037,777	1,950,519
Securities:
Trading	1,983	105
Available-for-sale	187,335	187,627
Stock of regulatory agencies	19,995	20,610
Loans held for sale, carried at fair value	29,768	51,995
Loans held for sale, lower of cost or fair value	12,294	44,565
Loans—net of allowance for credit losses of $132,958 as of June 2021 and $75,807 as of June 2020	11,414,814	10,631,349
Mortgage servicing rights, carried at fair value	17,911	10,675
Other real estate owned and repossessed vehicles	6,782	6,408
Securities borrowed	619,088	222,368
Customer, broker-dealer and clearing receivables	369,815	220,266
Goodwill and other intangible assets—net	115,972	125,389
Other assets	432,031	380,024
TOTAL ASSETS	14,265,565	13,851,900
Deposits:
Non-interest bearing	2,474,424	1,936,661
Interest bearing	8,341,373	9,400,033
Total deposits	10,815,797	11,336,694
Advances from the Federal Home Loan Bank	353,500	242,500
Borrowings, subordinated notes and debentures	221,358	235,789
Securities loaned	728,988	255,945
Customer, broker-dealer and clearing payables	535,425	347,614
Accounts payable and accrued liabilities and other liabilities	209,561	202,512
Total liabilities	12,864,629	12,621,054
COMMITMENTS AND CONTINGENCIES (Note 18)
STOCKHOLDERS’ EQUITY:
Common stock—$0.01 par value; 150,000,000 shares authorized, 68,069,321 shares issued and 59,317,944 shares outstanding as of June 2021, 67,323,053 shares issued and 59,612,635 shares outstanding as of June 2020	681	673
Additional paid-in capital	432,550	411,873
Accumulated other comprehensive income (loss)—net of tax	2,507	(937)
Retained earnings	1,187,728	1,009,299
Treasury stock, at cost; 8,751,377 shares as of June 2021 and 7,710,418 shares as of June 2020	(222,530)	(195,125)
Total stockholders’ equity	1,400,936	1,230,846
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	14,265,565	13,851,900
Series A Preferred Stock
STOCKHOLDERS’ EQUITY:
Preferred stock—$0.01 par value; 1,000,000 shares authorized; Series A—$10,000 stated value and liquidation preference per share; 515 shares issued and outstanding as of June 2020 and June 2019	$ 0	$ 5,063

CONSOLIDATED BALANCE SHEETS (PA

CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Assets:
Allowance for Credit Losses - Loans	$ 132,958	$ 75,807
Stockholder’s Equity:
Preferred stock, par or stated value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares, issued (in shares)	68,069,321	67,323,053
Common stock, shares outstanding (in shares)	59,317,944	59,612,635
Treasury stock, shares (in shares)	8,751,377	7,710,418
Series A Preferred Stock
Stockholder’s Equity:
Preferred stock, par or stated value (in dollars per share)	$ 10,000	$ 10,000
Preferred stock, liquidation preference value (in dollars per share)	$ 10,000	$ 10,000
Preferred stock, shares issued (in shares)	0	515
Preferred stock, shares outstanding (in shares)	0	515

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
INTEREST AND DIVIDEND INCOME:
Loans, including fees	$ 584,410	$ 582,748	$ 525,317
Securities borrowed and customer receivables	20,466	16,585	8,746
Investments	12,987	23,506	30,824
Total interest and dividend income	617,863	622,839	564,887
INTEREST EXPENSE:
Deposits	60,529	126,916	117,080
Advances from the Federal Home Loan Bank	4,672	11,988	32,834
Securities loaned	1,496	679	748
Other borrowings	12,424	5,645	5,620
Total interest expense	79,121	145,228	156,282
Net interest income	538,742	477,611	408,605
Provision for credit losses	23,750	42,200	27,350
Net interest income, after provision for credit losses	514,992	435,411	381,255
NON-INTEREST INCOME:
Realized gain on sale of securities	0	0	709
Other-than-temporary loss on securities:
Other-than-temporary loss on securities:	0	0	(1,666)
Less: Portion of other temporary impairment losses recognized in OCI	0	0	845
Change to net impairment losses recognized in earnings on securities	0	0	(821)
Total unrealized loss on securities	0	0	(821)
Prepayment penalty fee income	7,166	5,993	5,851
Gain on sale - other	491	6,871	6,160
Mortgage banking income	42,150	20,646	5,267
Broker-dealer fee income	26,317	23,210	11,737
Banking and service fees	29,137	46,267	53,854
Total non-interest income	105,261	102,987	82,757
NON-INTEREST EXPENSE:
Salaries and related costs	152,576	144,341	127,433
Data processing	40,719	30,671	24,150
Depreciation and amortization	24,124	24,443	16,471
Professional services	22,241	11,095	11,916
Advertising and promotional	14,212	14,523	14,710
Occupancy and equipment	13,402	12,059	8,571
Broker-dealer clearing charges	11,152	8,210	2,822
FDIC and regulatory fees	10,603	5,538	9,005
General and administrative expense	25,481	24,886	36,128
Total non-interest expense	314,510	275,766	251,206
INCOME BEFORE INCOME TAXES	305,743	262,632	212,806
INCOME TAXES	90,036	79,194	57,675
NET INCOME	215,707	183,438	155,131
NET INCOME ATTRIBUTABLE TO COMMON STOCK	215,518	183,129	154,822
COMPREHENSIVE INCOME	$ 219,151	$ 182,485	$ 155,760
Basic earnings per share (in dollars per share)	$ 3.64	$ 3.01	$ 2.50
Diluted earnings per share (in dollars per share)	$ 3.56	$ 2.98	$ 2.48

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 215,707	$ 183,438	$ 155,131
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax	3,444	(953)	1,741
Other than Temporary Impairment Gains, Investments, Portion in Other Comprehensive Loss, Net of Tax, Portion Attributable to Parent	0	0	(594)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	0	0	(518)
Other comprehensive income (loss)	3,444	(953)	629
COMPREHENSIVE INCOME	$ 219,151	$ 182,485	$ 155,760

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (PARENTHETICAL) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net tax expense (benefit) for net unrealized gain (loss) from available-for-sale securities	$ 1,495	$ (381)	$ 562
Net tax expense (benefit) for other-than-temporary impairment on securities recognized in other comprehensive income	0	0	(251)
Net tax expense (benefit) for reclassification of net (gain) loss from available-for-sale securities included in income	$ 0	$ 0	$ 191

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Impact of ASC 326	Preferred Stock	Common Stock	Treasury	Additional Paid-in Capital	Retained Earnings	Retained EarningsImpact of ASC 326	Accumulated Other Comprehensive Income (Loss), Net of Income Tax
Preferred stock, beginning balance (in shares) at Jun. 30, 2018			515
Stockholders' equity, beginning balance at Jun. 30, 2018	$ 960,513		$ 5,063	$ 658	$ (82,458)	$ 366,515	$ 671,348		$ (613)
Common stock, issued, beginning balance (in shares) at Jun. 30, 2018				65,796,060
Common stock, treasury and outstanding, beginning balance (in shares) at Jun. 30, 2018				62,688,064	(3,107,996)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	155,131						155,131
Other comprehensive income (loss)	629								629
Cash dividends on preferred stock	(309)						(309)
Purchase of treasury stock (in shares)				(2,009,352)	(2,009,352)
Purchase of treasury stock	(56,437)				$ (56,437)
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)				767,862
Stock-based compensation expense and restricted stock unit vesting, treasury (in shares)					(317,757)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)				450,105
Stock-based compensation expense and restricted stock unit vesting	13,523			$ 8	$ (9,915)	23,430
Preferred stock, ending balance (in shares) at Jun. 30, 2019			515
Stockholders' equity, ending balance at Jun. 30, 2019	1,073,050		$ 5,063	$ 666	$ (148,810)	389,945	826,170		16
Common stock, issued, ending balance (in shares) at Jun. 30, 2019				66,563,922
Common stock, treasury and outstanding, ending balance (in shares) at Jun. 30, 2019				61,128,817	(5,435,105)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	183,438						183,438
Other comprehensive income (loss)	(953)								(953)
Cash dividends on preferred stock	(309)						(309)
Purchase of treasury stock (in shares)				(1,970,464)	(1,970,464)
Purchase of treasury stock	(38,858)				$ (38,858)
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)				759,131
Stock-based compensation expense and restricted stock unit vesting, treasury (in shares)					(304,849)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)				454,282
Stock-based compensation expense and restricted stock unit vesting	14,478			$ 7	$ (7,457)	21,928
Preferred stock, ending balance (in shares) at Jun. 30, 2020			515
Stockholders' equity, ending balance at Jun. 30, 2020	$ 1,230,846	$ (37,088)	$ 5,063	$ 673	$ (195,125)	411,873	1,009,299	$ (37,088)	(937)
Common stock, issued, ending balance (in shares) at Jun. 30, 2020	67,323,053			67,323,053
Common stock, treasury and outstanding, ending balance (in shares) at Jun. 30, 2020	59,612,635			59,612,635	(7,710,418)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	ASU 2016-13
Net income	$ 215,707						215,707
Other comprehensive income (loss)	3,444								3,444
Cash dividends on preferred stock	(103)						(103)
Preferred stock - Series A redemption (in shares)			(515)
Preferred stock - Series A redemption	(5,150)		$ (5,063)				(87)
Purchase of treasury stock (in shares)				(753,597)	(753,597)
Purchase of treasury stock	(16,757)				$ (16,757)
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)				746,268
Stock-based compensation expense and restricted stock unit vesting, treasury (in shares)					(287,362)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)				458,906
Stock-based compensation expense and restricted stock unit vesting	10,037			$ 8	$ (10,648)	20,677
Preferred stock, ending balance (in shares) at Jun. 30, 2021			0
Stockholders' equity, ending balance at Jun. 30, 2021	$ 1,400,936		$ 0	$ 681	$ (222,530)	$ 432,550	$ 1,187,728		$ 2,507
Common stock, issued, ending balance (in shares) at Jun. 30, 2021	68,069,321			68,069,321
Common stock, treasury and outstanding, ending balance (in shares) at Jun. 30, 2021	59,317,944			59,317,944	(8,751,377)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	ASU 2016-13

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 215,707	$ 183,438	$ 155,131
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Accretion and amortization on securities, net	(365)	291	(264)
Net accretion of discounts on loans	(7,050)	(35,493)	(30,176)
Amortization of borrowing costs	1,569	208	208
Amortization of operating lease right of use asset	10,598	10,543	0
Stock-based compensation expense	20,685	21,935	23,439
Trading activity	(1,878)	1,217	0
Net (gain) loss on sale of investment securities	0	0	(709)
Impairment charge on securities	0	0	821
Provision for credit losses	23,750	42,200	27,350
Broker-dealer reserve for bad debt	0	0	15,298
Deferred income taxes	(8,828)	(6,551)	(8,686)
Origination of loans held for sale	(1,608,700)	(1,601,579)	(1,471,906)
Unrealized (gain) loss on loans held for sale	1,469	(1,360)	(252)
Gain on sales of loans held for sale	(42,641)	(27,517)	(11,427)
Proceeds from sale of loans held for sale	1,671,515	1,614,379	1,481,911
Amortization and change in fair value of mortgage servicing rights	6,319	5,806	3,362
(Gain) loss on sale of other real estate and foreclosed assets	(201)	(449)	(283)
Depreciation and amortization	24,124	24,443	16,471
Net changes in assets and liabilities which provide (use) cash:
Securities borrowed	(396,720)	(77,662)	13,192
Customer, broker-dealer and clearing receivables	(149,549)	(17,074)	13,684
Other assets	(7,259)	(36,979)	(27,564)
Securities loaned	473,043	57,589	(4,685)
Customer, broker-dealer and clearing payables	187,811	109,010	(1,506)
Accounts payable and other liabilities	(817)	17,723	11,012
Net cash provided by operating activities	412,582	284,118	204,421
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investment securities	(122,338)	(304,930)	(146,886)
Proceeds from sales of securities	0	0	15,863
Proceeds from repayment of securities	74,667	325,704	93,779
Purchase of stock of regulatory agencies	(305)	(55,870)	(204,206)
Proceeds from redemption of stock of regulatory agencies	920	55,536	203,611
Origination of loans held for investment	(5,761,303)	(6,573,568)	(6,756,832)
Proceeds from sale of loans held for investment	80,049	37,300	119,881
Mortgage warehouse loans activity, net	(139,806)	(172,319)	(126,491)
Purchases of loans, net of discounts and premiums	(3,619)	0	(11,525)
Principal repayments on loans	5,013,817	5,349,800	5,846,349
Proceeds from sales of other real estate owned and repossessed assets	1,586	2,241	2,202
Cash paid for deposit acquisition	0	0	(14,747)
Acquisition of business activity, net of cash paid	0	0	67,343
Purchases of furniture, equipment, software and intangibles	(10,437)	(12,333)	(20,082)
Net cash used in investing activities	(866,769)	(1,348,439)	(931,741)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits	(520,897)	2,353,521	997,823
Proceeds from the Federal Home Loan Bank term advances	0	65,000	0
Repayments of the Federal Home Loan Bank term advances	(70,000)	(55,000)	(147,500)
Net (repayment) proceeds of Federal Home Loan Bank other advances	181,000	(226,000)	149,000
Net (repayment) proceeds of other borrowings	14,700	(85,300)	21,700
Redemption of subordinated notes	(51,000)	0	0
Repayment of Paycheck Protection Program Liquidity Facility advances	(151,952)	0	0
Proceeds from Paycheck Protection Program Liquidity Facility advances	0	151,952	0
Tax payments related to settlement of restricted stock units	(10,648)	(7,457)	(9,916)
Repurchase of treasury stock	(16,757)	(38,858)	(56,437)
Redemption of preferred stock, Series A	(5,150)	0	0
Cash dividends paid on preferred stock	(103)	(386)	(232)
Payment of debt issuance costs	(2,748)	0	0
Proceeds from issuance of subordinated notes	175,000	0	7,400
Net cash provided by (used in) financing activities	(458,555)	2,157,472	961,838
NET CHANGE IN CASH AND CASH EQUIVALENTS	(912,742)	1,093,151	234,518
CASH AND CASH EQUIVALENTS—Beginning of year	1,950,519	857,368	622,850
CASH AND CASH EQUIVALENTS—End of year	1,037,777	1,950,519	857,368
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid on interest-bearing liabilities	77,995	145,452	152,756
Income taxes paid	92,506	80,430	64,117
Transfers to other real estate and repossessed vehicles	1,903	1,315	850
Transfers from loans held for investment to loans held for sale	71,136	141,849	106,911
Transfers from loans held for sale to loans held for investment	29,616	0	1,714
Loans held for investment sold, cash not received	0	61,029	0
Securities transferred from available-for-sale portfolio to other assets	70,751	17,482	0
Impact of adoption of ASC 326 on retained earnings	37,088	0	0
Operating lease liabilities for obtaining right of use assets	0	82,950	0
Preferred stock dividends declared but not paid	$ 0	$ 0	$ 77
Accounting Standards Update [Extensible List]	ASU 2016-13	ASU 2016-13

ORGANIZATIONS AND SUMMARY OF SI

ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Consolidation . The consolidated financial statements include the accounts of Axos Financial, Inc. (“Axos”) and its wholly owned subsidiaries, Axos Bank (the “Bank”) and Axos Nevada Holding, LLC (“Axos Nevada Holding” and collectively, the “Company”). Axos Nevada Holding, LLC wholly owns the companies constituting the Securities Business segment. All significant intercompany balances and transactions have been eliminated in consolidation. Axos Financial, Inc. was incorporated in the State of Delaware on July 6, 1999 for the purpose of organizing and launching an internet-based savings bank. Axos Bank (the “Bank”), which opened for business over the internet on July 4, 2000, is subject to regulation and examination by the Office of the Comptroller of the Currency (“OCC”), its primary regulator. The Federal Deposit Insurance Corporation (“FDIC”) insures the Bank’s deposit accounts up to the maximum allowable amount. Axos Clearing LLC, a clearing broker dealer, is regulated by the SEC and FINRA. Axos Invest, a platform through which digital investment advisory services are offered to retail investors, is regulated by the SEC and FINRA. Business . The Company provides banking and securities products and services to its customers through its online and low-cost distribution channels and affinity partners. The Bank’s deposit products are demand accounts, savings and money market accounts, and time deposits marketed to consumers and businesses located in all fifty states. The Bank’s lending products include residential single family mortgage, multifamily mortgage, and commercial mortgage loans. Additionally, the Bank also originates loans secured by commercial real estate properties (“CRE”), loans secured by commercial assets and non-bank lenders (Commercial & Industrial - Non-Real Estate), auto and unsecured loans and other loans. The Bank’s business is primarily concentrated in the State of California and is subject to the general economic conditions of that state. Securities products and services generate interest and fee income by providing comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents and digital investment advisory services to retail investors, respectively. On December 8, 2020, Emerald Financial Services, LLC, a subsidiary of H&R Block, terminated its Program Management Agreement with the Bank under its contractual Durbin event termination right. Under the Program Management Agreement, the Bank offered certain products to H&R Block customers. Use of Estimates . In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, credit losses on available for sale debt securities and the fair value of certain financial instruments. Revenue Recognition. On July 1, 2018, the Company adopted ASU 2014-09, “Revenue from Contracts with Customers” and all subsequent amendments that modified ASU 2014-09 (collectively, “ASC 606”). ASC 606 provides that an entity shall recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. ASC 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain non-interest income streams, such as gain or loss associated with mortgage servicing rights, financial guarantees, derivatives and income from bank owned life insurance are not within the scope of the new guidance. Certain non-interest income, such as deposit service fees and broker-dealer clearing fees, is within the scope of ASC 606. Deposit Service Fees. Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied and related revenue recognized, when incurred. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Fees, Exchange, and Other Service Charges. Fees, exchange, and other service charges are primarily comprised of debit and credit card income, ATM fees, merchant services income, and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Visa. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Broker dealer clearing fees. The Company earns revenues for executing, settling and clearing securities transactions for other broker-dealers on a fully disclosed basis. Trade execution and clearing services, when provided together, represent a single performance obligation as the services are not separately identifiable in the context of the contract. Revenues associated with combined trade execution and clearing services, as well as trade execution services on a standalone basis, are recognized at a point in time on trade-date. The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying security or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer. The Company also earns revenues for custody services which are separately identifiable and represent a distinct performance obligation which is recognized over time as the customer simultaneously receives and consumes the benefits. Certain clearing or custody related fees represent a modification of the original contract as they are distinct services. All trade and execution services are priced at their standalone selling price. Clearing and other fees are generally deducted from the introducing brokers’ commissions on a monthly basis. Bankruptcy Trustee and Fiduciary Service Fees. Bankruptcy Trustee and Fiduciary Service income is primarily comprised of fees earned from the Monthly Basis Point Fee and Bank Account Service Charge. The products and services provided to the Trustee also indirectly provide additional deposits to the other banks. One of the uses of the increased deposits by the other banks is to fund the fees paid. The performance obligation is satisfied when the deposits are increased (or decreased) at the end of each month. The expected value method will be used to calculate and record the estimated revenue at the beginning of each month with a subsequent reconciliation to actual at the end of each month. Contract Balances. A contract asset or receivable is recognized if the Company performs a service or transfers a good in advance of receiving consideration. A contract liability is recognized if the Company receives consideration (or has the unconditional right to receive consideration) in advance of performance. As of June 30, 2021 and 2020, respectively, the Company’s contract assets and liabilities were not considered material. Contract Acquisition Costs. The Company uses the practical expedient to expense contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in less than one year. Other. Income from bank owned life insurance is accounted for in accordance with ASC 325, Investments - Other. Lending related income includes fees earned from gains or losses on the sale of loans, SBA income, and letter of credit fees. Gains and losses on the sale of loans and SBA income are recognized pursuant to ASC 860, Transfers and Servicing. Fees related to standby letters of credit are accounted for in accordance with ASC 440, Commitments. Net gain or loss on sales / valuations of repossessed and other assets is presented as a component of non-interest expense but may also be presented as a component of non-interest income in the event that a net gain is recognized. Net gain or loss on sales of repossessed and other assets are accounted for in accordance with ASC 610, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets. Cash and Cash Equivalents . The Bank’s cash, due from banks, money market mutual funds and federal funds sold, all of which have original maturities within 90 days, consist of cash and cash equivalents. Net cash flows are reported for customer deposit transactions. Cash segregated for regulatory purposes . The Board of Governors of the Federal Reserve System (“the Federal Reserve”) regulations require depository institutions to maintain certain minimum reserve balances. Included within this are cash balances required by the Federal Reserve Bank of San Francisco (“FRBSF”) of the Bank. In addition, this line item includes qualified deposits in special reserve bank accounts for the exclusive benefit of Axos Clearing customers in accordance with Rule 15c3-3 of the Securities Exchange Act of 1934 (the “Exchange Act”) and other regulations. Securities . The Company classifies securities at the time of purchase depending on intent. Debt securities are classified as held-to-maturity and carried at amortized cost when management has both the positive intent and ability to hold them to maturity. Debt securities are classified as available-for-sale when they might be sold before maturity. Securities available-for-sale are reported at estimated fair value, with unrealized gains and losses, net of the related tax effects, excluded from operations and reported as a separate component of accumulated other comprehensive income or loss. Trading securities refer to certain types of assets that banks hold for resale at a profit or when the Company elects to account for certain securities at fair value. Increases or decreases in the fair value of trading securities are recognized in earnings as they occur. Gains and losses on securities sales are based on a comparison of sales proceeds and the amortized cost of the security sold using the specific identification method. Purchases and sales are recognized on the trade date. Interest income includes amortization of purchase premiums or discounts. Premiums and discounts on securities are amortized or accreted using the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates at the individual security level whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. The remaining change in fair value is recognized in other comprehensive income. Changes in the allowance for credit losses, if any, are recorded as a provision for (or reversal of) credit losses. Losses are charged against the allowance when management believes the uncollectibility of an available-for-sale investment security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Loans . Loans that are held for investment are loans that management has the intent and ability to hold for the foreseeable future or until maturity are reported at the principal balance outstanding, net of unearned interest, deferred purchase premiums and discounts, deferred loan and lease origination fees and costs, and an allowance for credit loss - loans. Interest income is accrued on the unpaid principal balance. Premiums and discounts on loans purchased as well as loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method. As a result of the change from adopting Accounting Standards Update (“ASU”) 2016-13, “Measurement of Credit Losses on Financial Instruments” and all subsequent amendments that modified ASU 2016-13 (collectively, “ASC 326”) on July 1, 2020, the Company updated categorization of the loan portfolio. Single Family - Mortgage & Warehouse. The Single Family Real Estate portfolio primarily consists of two loan types: single family mortgage loans and single family warehouse lines of credit. The single family mortgage loans consist of fixed-rate and adjustable-rate loans secured by one-to-four family residences located in the U.S. The Company’s lending policies generally limit the maximum LTV ratio on one-to-four family loans to 80% of the lesser of the appraised value or the purchase price, plus pledged collateral. Terms of maturity typically range from 15 to 30 years. The Company attempts to mitigate residential lending risks by adhering to its underwriting policies in evaluating the collateral and the credit-worthiness of the borrower. The Company also originates home equity lines of credit and second mortgage loans. Single family warehouse lines of credit consist of short-term, secured advances to mortgage bankers on a revolving basis. These facilities enable the mortgage originators to close loans in their own names and temporarily finance inventories of closed mortgage loans until they can be sold to an approved investor. The Company attempts to mitigate residential lending risks by adhering to its underwriting policies in evaluating the collateral and the credit-worthiness of the borrower. Mortgage loans aged on a mortgage banking customer’s line longer than 60 days are investigated by the Bank, which can require the borrower to pay down the line. Multifamily and Commercial Mortgage. The Company originates loans secured by multifamily real estate (more than four units) and small balance commercial real estate (typically from $0.5 million to $10 million). These loans involve a greater degree of risk than one-to-four family residential mortgage loans as these loans can be greater in amount, dependent on the cash flow capacity of the project, and may be more difficult to evaluate and monitor. Repayment of loans secured by properties frequently depends on the successful operation and management of the properties. Consequently, repayment of such loans may be affected by adverse conditions in the real estate market or economy. The Company attempts to mitigate these risks by monitoring the LTV and minimum debt service coverage ratios, in addition to thoroughly evaluating the global financial condition of the borrower, the management experience of the borrower, and the quality of the collateral property securing the loan. Commercial Real Estate. The Company originates loans across the U.S. secured by commercial real estate properties (“CRE”) under a variety of structures that it classifies as commercial real estate. A few examples are as follows: Commercial Bridge to Sale, Commercial Bridge to Construction, Commercial Bridge to Refinance and Acquisition, Development, and Construction. CRE Loans are originated to businesses secured by first liens on single family, multifamily, condominium, office, retail, mixed-use, hospitality, undeveloped or to-be-redeveloped land or small business loans. Repayment of CRE loans depends on the successful completion of the real estate transition project and permanent take-out. The Company attempts to mitigate risk by adhering to its underwriting policies in evaluating the collateral and the credit-worthiness of borrowers and guarantors. Commercial & Industrial - Non-Real Estate (Non-RE). Comprising the majority of this portfolio are commercial and industrial non-real estate, asset-backed loans, lines of credit and term loans made to commercial borrowers secured by commercial assets, including, but not limited to, receivables, inventory and equipment. The Company typically reduces it exposure in these loans by entering into a structured facility, under which the Company takes a senior lien position collateralized by the underlying assets at advance rates well inside the collateral value. Commercial and industrial leases comprise the remainder of this portfolio and are primarily made based on the operating cash flows of the borrower or conversion of working capital assets to cash and secondarily on the underlying collateral provided by the borrower. The Company assesses whether each lease arrangement qualifies as a sale under ASC 606. The Company has determined that the equipment financing lease arrangements do not qualify as a sale as the buyer lessors do not obtain control of the assets in the Company’s ongoing sale leaseback arrangements. Therefore, the leased equipment is not capitalized on the balance sheet. Although commercial and industrial loans and leases are often collateralized directly or indirectly by equipment, inventory, accounts or loans receivable or other business assets, the liquidation of collateral in the event of a borrower default may be an insufficient source of repayment because accounts or loans receivable may be uncollectible and inventories and equipment may be obsolete or of limited use. The Company attempts to mitigate these risks through the structuring of these lending products, adhering to its underwriting policies in evaluating the management of the business and the credit-worthiness of borrowers and guarantors. Auto and Consumer. This segment consists of the following distinct classes: Auto. The Company originates prime loans to customers secured by new and used vehicles. The Company holds all of the auto loans originated and performs loan servicing functions for these loans. Auto loans carry a fixed interest rate and have terms that range from two Consumer Unsecured Lending. The Company originates fixed rate unsecured loans to individual borrowers in all fifty states. Loans are normally in the range between $5,000 and $50,000 with terms that range between twelve Other. The Company originates other loans, which include structured settlements, Small Business Administration (“SBA”) consumer loans and refund advance loans. Structured settlements are originated through the wholesale and retail purchase of state lottery prize and structured settlement annuities. These annuities are high credit quality deferred payment receivables having a state lottery commission or primarily highly rated insurance company payor. Purchases of state lottery prize or structured settlement annuities are governed by specific state statutes requiring judicial approval of each transaction. No transaction is funded before an order approving such transaction has been entered by a court of competent jurisdiction. The Company attempts to mitigate these risks by adhering to its underwriting policies in evaluating the credit-worthiness of the state or insurer. The Bank exclusively originated and funded all of H&R Block’s interest-free Refund Advance loans for the 2019 tax season. Repayment of the Refund Advance loan is deducted from the client’s tax refund proceeds; if an insufficient refund to repay the Refund Advance loan is received, there is no recourse to the client, no negative credit reporting occurs in respect of the client and no collection efforts are made against the client. Federal Paycheck Protection Program (“PPP”) loans made by the Bank under the Federal Coronavirus Aid, Relief and Economic Security Act (“CARES”) Act are guaranteed by the Small Business Administration (“SBA”) and, if the loan funds are used by the borrower for specific purposes as provided under the PPP, may be fully or partially forgiven by the SBA at which time, the Bank will receive funds related to the PPP loan forgiveness directly from the SBA. Because of the underwriting policies and SBA guarantee, the Company does not expect any probable incurred credit losses and has provided a de minimis amount of allowance for credit losses. Recognition of interest income on all portfolio segments is generally discontinued at the time the loan is 90 days delinquent unless the loan is well secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not received for loans placed on nonaccrual, is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Loans Held for Sale . Loans held for sale includes agency loans and non-agency loans held for sale. Agency loans originated and intended for sale in the secondary market are carried at fair value. Net unrealized gains and losses are recognized through mortgage banking income in the income statement. The Bank sells its mortgage loans with either servicing released or servicing retained depending upon market pricing. Gains and losses on loan sales are recorded as mortgage banking income or other gains on sale, based on the difference between sales proceeds and carrying value. Non-agency loans held for sale are carried at the lower of cost or fair value. The Company has elected the fair value option for Agency loans held for sale. These loans are intended for sale and the Company believes that the fair value is the best indicator of the resolution of these loans. Interest income is recorded based on the contractual terms of the loan and in accordance with the Company’s policy on loans held for investment. Loans that were originated with the intent and ability to hold for the foreseeable future (loans held for investment) but which have been subsequently designated as being held for sale for risk management or liquidity needs are carried at the lower of cost or fair value calculated using pools of loans with similar characteristics. There may be times when loans have been classified as held for sale and cannot be sold. Loans transferred to a long-term investment classification from held-for-sale are transferred at the lower of cost or fair value on the transfer date. Any difference between the carrying amount of the loan and its outstanding principal balance is recognized as an adjustment to yield by the interest method. A loan cannot be classified as a long-term investment unless the Bank has both the ability and the intent to hold the loan for the foreseeable future or until maturity. Allowance for Credit Losses. The allowance for credit losses (“ACL”) is a valuation account that offsets the amortized cost basis of loans and net investment in leases. Under ASC 326, amortized cost is the basis on which the ACL is determined. Amortized cost is principal outstanding, net of any purchase premiums and discounts and net of any deferred loan fees and costs. Credit losses are charged off when the Company believes that collectability of at least some portion of outstanding principal is unlikely. These charge-offs are recorded as a reversal, thereby reducing, the allowance for credit losses. Recoveries on loans previously charged off are recorded as a provision to, thereby increasing, the allowance for credit losses. The allowance for credit losses is maintained at a level needed to absorb expected credit losses over the contractual life, considering the effects of prepayments, of the loan portfolio as of the reporting date. Determining the adequacy of the allowance is complex and requires judgment by Management about the effect of matters that are inherently uncertain. As such, a future assessment of current conditions may require material adjustments to the allowance. The Company’s process for determining expected life-time credit losses entails a portfolio, model-based approach utilizing loan level detail and requires consideration of a broad range of relevant information relating to historical loss experience, current economic conditions and reasonable and supportable forecasts. A credit loss is estimated for all loans. Consequently, the Company stratifies the full loan population into segments sharing similar characteristics to perform the evaluation of the credit loss collectively. The Company defines a segment as the level at which the Company develops a systematic methodology to determine the allowance for credit losses. Additionally, the Company can further stratify loans of similar type, risk attributes and methods for monitoring credit risk. The Company categorizes the loan portfolio into six segments: Single Family - Mortgage & Warehouse, Multifamily and Commercial Mortgage, Commercial Real Estate, Commercial & Industrial - Non Real Estate, Auto & Consumer and Other. Refer to detail above within this Note under Loans . The method for estimating expected life-time credit losses includes, among other things, the following main components: 1) The use of a probability of default (“PD”)/loss given default (“LGD”) model; 2) defining a number of economic scenarios across the benign to adverse spectrum; 3) a reasonable forecast period of 12 months for all loan segments; and 4) a reversion period of 18 months using a linear transition to historical loss rates for each loan pool. After the reversion period, the historical loss rate is applied over the remaining contractual life of loan. Reasonable forecast periods and reversion periods are subject to periodic review and may be adjusted based on the Company’s view of current economic conditions. Given the inherent limitations of a solely quantitative model, qualitative adjustments are included to arrive at the ending calculated loss amount in order to account for data points not captured from quantitative inputs alone. Qualitative criteria we consider includes, among other things, the following: • Regulatory and Legal - matters that may impact the timeliness and/or amounts of repayments; • Concentration - portfolio composition and loan concentration; • Collateral Dependency - changes in collateral values; • Lending/Underwriting Standards - current lending policies and the effects of any new policies; • Nature and Volume - loan production volume and mix; • Loan Trends - credit performance trends, including a borrower’s financial condition and credit rating. Specifically, Management reviews whether the model reflects the appropriate level of PD and LGD, given the macroeconomic forecasts used as compared to the Company’s loan portfolio. Management determines the adequacy of the allowance based on reviews of individual loans, recent loss experience, current economic conditions, expectations about future economic conditions, the risk characteristics of the various categories of loans and other pertinent factors. If, based on Management’s evaluation, macroeconomic factors do not capture Management’s assumption regarding collateral values (LGD) and defaults (PD), Management will apply additional qualitative overlays to the loan portfolio. This evaluation is inherently subjective and requires estimates that are susceptible to significant revision as more information becomes available. Prior to July 1, 2020, the entire allowance for credit losses for each portfolio class was a valuation allowance for probable losses existing in the loan portfolio. Under the prior methodology, the quantitative analysis determined was based on the Bank’s actual annual historic charge-off rates for the previous three fiscal years and applies the average historic rates to the outstanding loan and lease balances in each pool, the product of which is the general reserve amount. The qualitative analysis considered one or more of the following factors: changes in lending policies and procedures, changes in economic conditions, changes in the content of the portfolio, changes in lending management, changes in the volume of delinquency rates, changes to the scope of the loan and lease review system, changes in the underlying collateral of the loans and leases, changes in credit concentrations and any changes in the requirements to the credit loss calculations. When specific loan impairment analysis is performed under ASC 310-10, the impairment was either recorded as a charge-off to the loan allowance or, if such loan was a TDR, the impairment is recorded as a specific loan loss allowance. Accrued Interest . Accrued interest receivable is excluded from amortized cost and is presented separately in “Other Assets” on the Consolidated Balance Sheets. Additionally, the Company does not estimate an allowance for credit losses on accrued interest receivable as the Company has a policy to charge off accrued interest deemed uncollectible in a timely manner. When a loan is placed on non-accrual status, which occurs when a borrower becomes delinquent by 90 days, interest previously accrued but not collected is reversed against current period interest income. Individually Assessed Loans. Credit loss is estimated for any individual loan on a collective basis, unless an individual loan’s credit characteristics has deteriorated below a range of the overall group, in which case the loan would then be individually assessed. Individually assessed loans are measured for credit loss based on present value of future expected cash flows, discounted at the loan’s effective interest rate or the fair value of the collateral, less estimated selling costs, if the loan is collateral-dependent. Available-for-Sale Debt Securities. Unrealized credit losses will be recognized through an allowance for credit losses instead of an adjustment to amortized cost basis, eliminating the other-than-temporary impairment concept. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not, that it will be required to sell the security before recovery of its amortized cost basis. If either criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through earnings. For available-for-sale debt securities that do not meet the above conditions, the Company evaluates at the individual security level whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, Management considers the extent to which fair value is less th

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Jun. 30, 2021
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS The Company completed two business acquisitions and two asset acquisitions during the fiscal year ended June 30, 2019. The pro forma results of operations and the results of operations for the acquisitions since the acquisition date have not been separately disclosed because the effects were not material to the consolidated financial statements. The Company has included the financial results of the acquired businesses in its consolidated financial statements subsequent to the acquisition dates. The business acquisitions have been accounted for under the acquisition method of accounting. The assets, both tangible and intangible, were recorded at their estimated fair values as of the transaction date. The Company made significant estimates and exercised judgment in estimating fair values and accounting for such acquired assets and liabilities. The purchase transactions are detailed below. E*TRADE Advisor Services acquisition . On August 2, 2021, Axos Clearing closed its acquisition of E*TRADE Advisor Services (“EAS”), the registered investment advisor (“RIA”) custody business Morgan Stanley acquired in its acquisition of E*TRADE Financial Corporation in 2020. EAS has been rebranded Axos Advisor Services and operates as the RIA custody business within Axos Clearing. The $54.9 million cash purchase price was funded with existing capital. MWABank deposit acquisition . On March 15, 2019, the Bank closed the deposit assumption agreement with MWABank and acquired approximately $173 million of deposits, including approximately $151 million of checking, savings and money market accounts and $22 million of time deposits, from MWABank. Axos did not acquire any assets, employees or branches in this transaction. The Bank received cash equal to the book value of the deposit liabilities. WiseBanyan . On February 26, 2019 the Company’s subsidiary, Axos Securities, LLC, acquired 100% of the equity of WiseBanyan Holding, Inc. and its subsidiaries (collectively “WiseBanyan”). Headquartered in Las Vegas, Nevada, WiseBanyan is a provider of personal financial and investment management services through a proprietary technology platform. When acquired, WiseBanyan served approximately 24,000 clients with approximately $150 million of assets under management. The Company paid $3.2 million in cash to acquire the assets of WiseBanyan and recorded $2.7 million in intangible assets. The Company purchased the whole WiseBanyan business and has the entire voting interest. Goodwill is not expected to be deducted for tax purposes. COR Securities Holdings. On January 28, 2019 (“Acquisition Date”), Axos Clearing, LLC and Axos Clarity MergeCo., Inc. completed the acquisition of 100% of the equity of COR Securities Holdings Inc.(“COR Securities”), the parent company of COR Clearing LLC (“COR Clearing”), pursuant to the terms of the Agreement and Plan of Merger, dated as of September 28, 2018 (the “Merger Agreement”). Headquartered in Omaha, Nebraska, COR Clearing is a full-service correspondent clearing firm for independent broker-dealers. Established as a part of Mutual of Omaha Insurance Company and spun off as Legent Clearing in 2002, COR Clearing provides clearing, settlement, custody, and securities and margin lending to more than sixty introducing broker-dealers and 90,000 customers. The total cash consideration of approximately $80.9 million was funded with existing capital. The Company issued subordinated notes totaling $7.5 million to the principal stockholders of COR Securities in an equal principal amount, with a maturity of 15 months, to serve as the sole source of payment of indemnification obligations of the principal stakeholders of COR Securities under the Merger Agreement. The Company is in the process of making an indemnification claim against the $7.4 million remaining. The acquisition of COR Securities is accounted for as a business combination using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed, and consideration paid are recorded at estimated fair values on the Acquisition Date. The Company recorded goodwill of $35.5 million and an additional $20.1 million in intangible assets as of the Acquisition Date. Included in the professional services line of the statement of income for the fiscal year ended June 30, 2020, the Company recognized $0.4 million in transaction costs. The acquisition will enable the Company to expand its banking business to a new customer base through independent broker-dealers and consumer account relationships, scale entry into wealth management through technology-driven platforms, and increase and diversify fee revenue, all of which will improve key operating metrics. The goodwill recognized results from the expected synergies and potential earnings from this combination. The consideration paid for COR Securities common equity was $88.4 million and the fair values of acquired identifiable assets and liabilities assumed as of the Acquisition Date were as follows: (Dollars in thousands) January 28, 2019 ASSETS Cash and due from banks $ 16,604 Cash segregated for regulatory purposes 142,016 Securities, available for sale 9,585 Stock of the regulatory agencies, at cost 2,431 Securities borrowed 157,898 Customer, broker-dealer and clearing receivables 234,352 Other assets 5,487 Total identifiable assets $ 568,373 LIABILITIES Borrowings, subordinated notes and debentures $ 85,100 Securities loaned 203,041 Customer, broker-dealer and clearing payables 240,110 Accounts payable and accrued liabilities 7,383 Total identifiable liabilities $ 535,634 Net identifiable assets $ 32,739 Intangible assets 20,120 Goodwill 35,501 Total net assets acquired $ 88,360 Total cash paid $ 80,860 Borrowings, subordinated notes and debentures issued 7,500 Total fair value of consideration paid $ 88,360 Nationwide Bank deposit acquisition . On November 16, 2018, the Bank completed the acquisition of substantially all of Nationwide Bank’s (“Nationwide”) deposits at the time of closing, adding $2.4 billion in deposits, including $661.4 million in checking, savings and money market accounts and $1.7 billion in time deposit accounts. The Bank received cash for the deposit balances transferred less a premium of $13.5 million, recorded in intangibles, commensurate with the fair market value of the deposits purchased.

FAIR VALUE

FAIR VALUE	12 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE Fair value is defined as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices in active markets for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets include securities with quoted prices that are traded less frequently than exchange-traded instruments and whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models such as discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. When available, the Company generally uses quoted market prices to determine fair value. In some cases where a market price is available, the Company will make use of acceptable practical expedients (such as matrix pricing) to calculate fair value, in which case the items are classified in Level 2. The Company considers relevant and observable market prices in its valuations where possible. The frequency of transactions, the size of the bid-ask spread and the nature of the participants are some of the factors the Company uses to help determine whether a market is active and orderly or inactive and not orderly. Price quotes based upon transactions that are not orderly are not considered to be determinative of fair value and are given little, if any, weight in measuring fair value. If quoted market prices are not available, fair value is based upon internally developed valuation techniques that use, where possible, current market-based or independently sourced market parameters, such as interest rates, credit spreads, housing value forecasts, etc. Items valued using such internally generated valuation techniques are classified according to the lowest level input or value driver that is significant to the valuation. Thus, an item may be classified in Level 3 even though there may be some significant inputs that are readily observable. The following section describes the valuation methodologies used by the Company to measure various financial instruments at fair value, including an indication of the level in the fair-value hierarchy in which each instrument is generally classified: Securities—trading and available-for-sale . Trading securities are recorded at fair value. Available-for-sale securities are recorded at fair value and consist of mortgage-backed securities (“MBS”) issued by U.S. government-backed or government-sponsored enterprises including Fannie Mae, Freddie Mac and Ginnie Mae (“agency”), MBS issued by non-agencies, municipal securities as well as other Non-MBS securities. Fair value for agency securities and municipal securities are generally based on quoted market prices of similar securities used to form a dealer quote or a pricing matrix. There continues to be significant illiquidity in the market for MBS issued by non-agencies, impacting the availability and reliability of transparent pricing. As orderly quoted market prices are not available, the Level 3 fair values for these securities are determined by the Company utilizing industry-standard tools to calculate the net present value of the expected cash flows available to the securities from the underlying mortgage assets. The Company computes Level 3 fair values for each non-agency MBS in the same manner (as described below) whether available-for-sale or held-to-maturity. To determine the performance of the underlying mortgage loan pools, the Company estimates prepayments, defaults, and loss severities based on a number of macroeconomic factors, including housing price changes, unemployment rates, interest rates and borrower attributes such as credit score and loan documentation at the time of origination. The Company inputs for each security a projection of monthly default rates, loss severity rates and voluntary prepayment rates for the underlying mortgages for the remaining life of the security to determine the expected cash flows. The projections of default rates are derived by the Company from the historic default rate observed in the pool of loans collateralizing the security, increased by and decreased by the forecasted increase or decrease in the national unemployment rate. The projections of loss severity rates are derived by the Company from the historic loss severity rate observed in the pool of loans, increased by or decreased by the forecasted increase or decrease in the national home price appreciation (“HPA”) index. The largest factors influencing the Company’s modeling of the monthly default rate are unemployment and HPA, as a strong correlation exists. The most updated unemployment rate reported in June 2021 was 5.9%. Consensus estimates for unemployment are that the rate will continue to decrease. The Company agrees with consensus estimates and thus is projecting lower monthly default rates. The Company projects that severities will continue to improve as HPA improves. To determine the discount rates used to compute the present value of the expected cash flows for these non-agency MBS securities, the Company separates the securities by the borrower characteristics in the underlying pool. Specifically, “prime” securities generally have borrowers with higher FICO scores and better documentation of income. “Alt-A” securities generally have borrowers with a lower FICO and less documentation of income. “Pay-option ARMs” are Alt-A securities with borrowers that tend to pay the least amount of principal (or increase their loan balance through negative amortization). The Company calculates separate discount rates for prime, Alt-A and Pay-option ARM non-agency MBS securities using market-participant assumptions for risk, capital and return on equity. The range of annual default rates used in the Company’s projections at June 30, 2021 are from 0.0% up to 5.6%. The range of loss severity rates applied to each default used in the Company’s projections at June 30, 2021 are from 0.0% up to 100.0% based upon individual bond historical performance. The default rates and the severities are projected for every non-agency MBS security held by the Company and will vary monthly based upon the actual performance of the security and the macroeconomic factors discussed above. Based upon the actual performance of the underlying collateral, the securities’ credit enhancement will be impacted. The range of existing credit enhancement is from 0.0% to 93.4%, with a weighted average credit enhancement 18.4%. The Company applies its discount rates to the projected monthly cash flows, which already reflect the full impact of all forecasted losses using the assumptions described above. When calculating present value of the expected cash flows at June 30, 2021, the Company computed its discount rates as a spread between 274 and 720 basis points over the LIBOR Index using the LIBOR forward curve. The Bank’s estimate of fair value for non-agency securities using Level 3 pricing is highly subjective and is based on the Bank’s estimate of voluntary prepayments, default rates, severities and discount margins, which are forecasted monthly over the remaining life of each security. Changes in one or more of these assumptions can cause a significant change in the estimated fair value. For further details see the table later in this note that summarizes quantitative information about level 3 fair value measurements. Loans Held for Sale . Loans held for sale at fair value are primarily single-family residential loans. The fair value of residential loans held for sale is determined by pricing for comparable assets or by existing forward sales commitment prices with investors. Other Real Estate Owned and Repossessed Vehicles . Fair values are generally based on third party appraisals of the property, resulting in a Level 3 classification. In cases where the carrying amount exceeds the fair value, less costs to sell, an impairment loss is recognized. Mortgage Servicing Rights . Fair value is derived from market-driven valuation changes as well as modeled amortization involving the run-off of value that occurs due to the passage of time as individual loans are paid by borrowers. Market expectations about loan duration, and correspondingly the expected term of future servicing cash flows, may vary from time to time due to changes in expected prepayment activity, especially when interest rates rise or fall. Market expectations of increased loan prepayment speeds may negatively impact the fair value of the single family MSRs. Fair value is also dependent on the discount rate used in calculating present value, which is input from observable market activity, market participants, and results in Level 3 classification. Management reviews and adjusts the discount rate on an ongoing basis. An increase in the discount rate would reduce the estimated fair value of the MSRs asset. Mortgage Banking Derivatives . The fair value of interest rate locks is estimated based on changes in to be announced (“TBA”) values which are based upon mortgage interest rates from the date the interest on the loan is locked, adjusted for items such as estimated fallout and costs to originate the loan. The fair value of forward sale commitments is based upon prices in active secondary markets for identical securities or based on quoted market prices of similar assets used to form a dealer quote or a pricing matrix. If no such quoted price exists, the fair value of a commitment is determined by quoted prices for a similar commitment or commitments, adjusted for the specific attributes of each commitment. The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: June 30, 2021 (Dollars in thousands) Quoted Prices in Significant Other Significant Total ASSETS: Securities—Trading: Municipal $ — $ 1,983 $ — $ 1,983 Securities—Available-for-Sale: Agency Debt 1 $ — $ — $ — $ — Agency MBS 1 — 23,913 — 23,913 Non-Agency MBS 2 — — 67,615 67,615 Municipal — 3,565 — 3,565 Asset-backed securities and structured notes — 92,242 — 92,242 Total—Securities—Available-for-Sale $ — $ 119,720 $ 67,615 $ 187,335 Loans Held for Sale $ — $ 29,768 $ — $ 29,768 Mortgage servicing rights $ — $ — $ 17,911 $ 17,911 Other assets—Derivative instruments $ — $ — $ 2,280 $ 2,280 LIABILITIES: Other liabilities—Derivative instruments $ — $ — $ 75 $ 75 June 30, 2020 (Dollars in thousands) Quoted Prices in Significant Other Significant Total ASSETS: Securities—Trading: Collateralized Debt Obligations $ — $ 105 $ — $ 105 Securities—Available-for-Sale: Agency Debt 1 — 1,799 — 1,799 Agency MBS 1 $ — $ 16,826 $ — $ 16,826 Non-Agency MBS 2 — — 18,332 18,332 Municipal — 10,400 — 10,400 Asset-backed securities and structured notes — 140,270 — 140,270 Total—Securities—Available-for-Sale $ — $ 169,295 $ 18,332 $ 187,627 Loans Held for Sale $ — $ 51,995 $ — $ 51,995 Mortgage servicing rights $ — $ — $ 10,675 $ 10,675 Other assets—Derivative Instruments $ — $ — $ 9,131 $ 9,131 LIABILITIES: Other liabilities—Derivative instruments $ — $ — $ 1,715 $ 1,715 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first - lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by Alt-A or pay-option ARM mortgages. The following table presents additional information about assets measured at fair value on a recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Year Ended June 30, 2021 (Dollars in thousands) Securities- Mortgage Servicing Rights 1 Derivative Instruments, net Total Assets: Opening Balance $ 18,332 $ 10,675 $ 7,416 $ 36,423 Transfers into Level 3 — — — — Transfers out of Level 3 — — — — Total gains or losses for the period: Included in earnings—Mortgage banking income — (6,319) (5,211) (11,530) Included in other comprehensive income 2,289 — — 2,289 Purchases, retentions, issues, sales and settlements: Purchases/Retentions 49,245 13,555 — 62,800 Issues — — — — Sales — — — — Settlements (2,251) — — (2,251) Closing balance $ 67,615 $ 17,911 $ 2,205 $ 87,731 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (6,319) $ (5,211) $ (11,530) Year Ended June 30, 2020 (Dollars in thousands) Securities- Mortgage Servicing Rights 1 Derivative Instruments, net Total Assets: Opening Balance $ 13,025 $ 9,784 $ 1,246 $ 24,055 Transfers into Level 3 — — — — Transfers out of Level 3 — — — — Total gains or losses for the period: Included in earnings—Mortgage banking income — (5,806) 6,170 364 Included in other comprehensive income 617 — — 617 Purchases, retentions, issues, sales and settlements: Purchases/Retentions 7,000 6,697 — 13,697 Issues — — — — Sales — — — — Settlements (2,310) — — (2,310) Closing balance $ 18,332 $ 10,675 $ 7,416 $ 36,423 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (5,806) $ 6,170 $ 364 1 Additions to mortgage servicing rights were retained upon sale of loans held for sale. The table below summarizes the quantitative information about Level 3 fair value measurements as of the dates indicated: June 30, 2021 (Dollars in thousands) Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Securities – Non-agency MBS $ 67,615 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 25.0% (2.7%) 0.0 to 5.6% (0.6%) 0.0 to 100.0% (19.4%) 2.7 to 7.2% (3.1%) Mortgage Servicing Rights $ 17,911 Discounted Cash Flow Projected Constant Prepayment Rate, 7.5 to 37.4% (11.5%) 1.7 to 7.5 (6.4) 9.5 to 13.0% (9.6%) Derivative Instruments $ 2,205 Sales Comparison Approach Projected Sales Profit of Underlying Loans 0.2 to 0.5% (0.3%) June 30, 2020 (Dollars in thousands) Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Securities – Non-agency MBS $ 18,332 Discounted Cash Flow Projected Constant Prepayment Rate, 2.5 to 47.9% (26.1%) 0.5 to 4.5% (2.0%) 35.0 to 68.4% (50.1%) 2.9 to 9.4% (5.0%) Mortgage Servicing Rights $ 10,675 Discounted Cash Flow Projected Constant Prepayment Rate, 4.7 to 39.6% (11.4%) 1.6 to 7.7 (6.2) 9.5 to 14.0% (9.8%) Derivative Instruments $ 7,416 Sales Comparison Approach Projected Sales Profit of Underlying Loans (0.3) to 0.8% (0.2%) The significant unobservable inputs used in the fair value measurement of the Company’s mortgage-backed securities are projected prepayment rates, probability of default, and projected loss severity in the event of default. Significant increases (decreases) in any of those inputs in isolation would result in a significantly lower (higher) fair value measurement. Generally, a change in the assumption used for the probability of default is accompanied by a directionally similar change in the assumption used for the projected loss severity and a directionally opposite change in the assumption used for projected prepayment rates. The table below summarizes the fair value of assets measured for impairment on a non-recurring basis: June 30, 2021 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and foreclosed assets: Single family real estate $ — $ — $ 6,547 $ 6,547 Autos & RVs — — 235 235 Total $ — $ — $ 6,782 $ 6,782 June 30, 2020 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and foreclosed assets: Single family real estate $ — $ — $ 6,114 $ 6,114 Autos & RVs — — 294 294 Total $ — $ — $ 6,408 $ 6,408 Other real estate owned and foreclosed assets, which are measured at the lower of carrying value or fair value less costs to sell, had a net carrying amount of $6.8 million after charge-offs of $0.1 million at June 30, 2021. Our other real estate owned and foreclosed assets had a net carrying amount was $6.4 million after charge-offs of $1.4 million during the year ended June 30, 2020. The aggregate fair value, contractual balance (including accrued interest), and unrealized gain for loans held for sale was as follows: At June 30, (Dollars in thousands) 2021 2020 2019 Aggregate fair value $ 29,768 $ 51,995 $ 33,260 Contractual balance 28,940 49,700 32,342 Unrealized gain $ 828 $ 2,295 $ 918 The total amount of gains and losses from changes in fair value included in earnings for the period indicated below for loans held for sale were: At June 30, (Dollars in thousands) 2021 2020 2019 Interest income $ 1,411 $ 1,113 $ 1,006 Change in fair value (6,680) 7,531 544 Total $ (5,269) $ 8,644 $ 1,550 The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at the periods indicated: June 30, 2021 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned and foreclosed assets: Single family real estate $ 6,547 Sales comparison approach Adjustment for differences between the comparable sales (1.5) to 6.1% (2.0%) Autos and RVs $ 235 Sales comparison approach Adjustment for differences between the comparable sales (2.1) to 14.7% ((2.1)%) 1 For other real estate owned and foreclosed assets, the ranges shown may vary positively or negatively based on the comparable sales reported in the current appraisal. In certain instances, the range can be significant due to small sample sizes and in some cases the property being valued having limited comparable sales with similar characteristics at the time the current appraisal is conducted. June 30, 2020 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned and foreclosed assets: Single family real estate $ 6,114 Sales comparison approach Adjustment for differences between the comparable sales 18.7 to 18.7% (18.7%) Autos & RVs $ 294 Sales comparison approach Adjustment for differences between the comparable sales (24.6) to 44.2% (2.8%) 1 For other real estate owned and foreclosed assets, the ranges shown may vary positively or negatively based on the comparable sales reported in the current appraisal. In certain instances, the range can be significant due to small sample sizes and in some cases the property being valued having limited comparable sales with similar characteristics at the time the current appraisal is conducted. FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying amount and estimated fair values of financial instruments at year-end were as follows: June 30, 2021 (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents, cash segregated, and federal funds sold $ 1,037,777 $ 1,037,777 $ — $ — $ 1,037,777 Securities trading 1,983 — 1,983 — 1,983 Securities available-for-sale 187,335 — 119,720 67,615 187,335 Loans held for sale, at fair value 29,768 — 29,768 — 29,768 Loans held for sale, at lower of cost or fair value 12,294 — — 12,336 12,336 Loans and leases held for investment—net 11,414,814 — — 11,833,102 11,833,102 Securities borrowed 619,088 — — 619,274 619,274 Customer, broker-dealer and clearing receivables 369,815 — — 369,815 369,815 Mortgage servicing rights 17,911 — — 17,911 17,911 Financial liabilities: Total deposits 10,815,797 — 10,297,450 — 10,297,450 Advances from the Federal Home Loan Bank 353,500 — 353,500 — 353,500 Borrowings, subordinated notes and debentures 221,358 — 210,196 — 210,196 Securities loaned 728,988 — — 731,467 731,467 Customer, broker-dealer and clearing payables 535,425 — — 535,425 535,425 June 30, 2020 (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents, cash segregated, and federal funds sold $ 1,950,519 $ 1,950,519 $ — $ — $ 1,950,519 Securities trading 105 — 105 — 105 Securities available-for-sale 187,627 — 169,295 18,332 187,627 Loans held for sale, at fair value 51,995 — 51,995 — 51,995 Loans held for sale, at lower of cost or fair value 44,565 — — 44,625 44,625 Loans and leases held for investment—net 10,631,349 — — 11,138,255 11,138,255 Securities borrowed 222,368 — — 222,613 222,613 Customer, broker-dealer and clearing receivables 220,266 — — 220,464 220,464 Mortgage servicing rights 10,675 — — 10,675 10,675 Financial liabilities: Total deposits 11,336,694 — 11,088,447 — 11,088,447 Advances from the Federal Home Loan Bank 242,500 — 254,114 — 254,114 Borrowings, subordinated notes and debentures 235,789 — 234,445 — 234,445 Securities loaned 255,945 — — 256,790 256,790 Customer, broker-dealer and clearing payables 347,614 — — 347,614 347,614 The methods and assumptions, not previously presented, used to estimate fair value are described as follows: Carrying amount is the estimated fair value for cash and cash equivalents, interest bearing deposits, accrued interest receivable and payable, demand deposits, short-term debt, and variable rate loans and leases or deposits that reprice frequently and fully. For fixed rate loans and leases, deposits, borrowings or subordinated debt and for variable rate loans and leases, deposits, borrowings or subordinated debt with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. A discussion of the methods of valuing trading securities, available for sale securities and loans held for sale can be found earlier in this footnote. The carrying amount of stock of regulatory agencies approximates the estimated fair value of this investment. The fair value of off-balance sheet items is not considered material.

SECURITIES

SECURITIES	12 Months Ended
	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
SECURITIES	SECURITIES The amortized cost, carrying amount and fair value for the securities available-for-sale for the following periods were: June 30, 2021 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agencies 1 $ — $ 23,639 $ 420 $ (146) $ 23,913 Non-agency 2 — 65,174 2,862 (421) 67,615 Total mortgage-backed securities — 88,813 3,282 (567) 91,528 Non-MBS: Municipal 1,983 3,466 99 — 3,565 Asset-backed securities and structured notes — 90,549 1,693 — 92,242 Total Non-MBS 1,983 94,015 1,792 — 95,807 Total debt securities $ 1,983 $ 182,828 $ 5,074 $ (567) $ 187,335 June 30, 2020 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agencies 1 $ — $ 16,192 $ 634 $ — $ 16,826 Non-agency 2 — 18,180 1,024 (872) 18,332 Total mortgage-backed securities — 34,372 1,658 (872) 35,158 Non-MBS: Agencies 1 — 1,799 — — 1,799 Municipal 105 10,550 44 (194) 10,400 Asset-backed securities and structured notes — 141,338 1 (1,069) 140,270 Total Non-MBS 105 153,687 45 (1,263) 152,469 Total debt securities $ 105 $ 188,059 $ 1,703 $ (2,135) $ 187,627 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by prime, Alt-A or pay-option ARM mortgages. The Company’s non-agency MBS available-for-sale portfolio with a total fair value of $67.6 million at June 30, 2021 consists of fifteen different issues of senior and super senior securities. Debt securities with evidence of credit quality deterioration since issuance and for which it is probable at purchase that the Company will be unable to collect all of the par value of the security are accounted for under ASC Topic 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality (“ASC Topic 310-30”). Under ASC Topic 310-30, the excess of cash flows expected at acquisition over the purchase price is referred to as the accretable yield and is recognized in interest income over the remaining life of the security. The face amounts of debt securities available-for-sale that were pledged to secure borrowings at June 30, 2021 and 2020 were $1.4 million and $3.5 million respectively. The securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position were as follows: June 30, 2021 Available-for-sale securities in loss position for Less Than 12 More Than 12 Total (Dollars in thousands) Fair Gross Unrealized Losses Fair Gross Unrealized Losses Fair Gross Unrealized Losses MBS: Agencies $ 10,001 $ (146) $ — $ — $ 10,001 $ (146) Non-agency — — 6,018 (421) 6,018 (421) Total MBS securities 10,001 (146) 6,018 (421) 16,019 (567) Non-MBS: Municipal debt — — — — — — Asset-backed securities and structured notes — — — — — — Total Non-MBS — — — — — — Total debt securities $ 10,001 $ (146) $ 6,018 $ (421) $ 16,019 $ (567) June 30, 2020 Available-for-sale securities in loss position for Less Than 12 More Than 12 Total (Dollars in thousands) Fair Gross Unrealized Losses Fair Gross Unrealized Losses Fair Gross Unrealized Losses MBS: Agencies $ 85 $ — $ — $ — $ 85 $ — Non-agency — — 6,978 (872) 6,978 (872) Total MBS securities 85 — 6,978 (872) 7,063 (872) Non-MBS: Municipal debt — — 2,002 (194) 2,002 (194) Asset-backed securities and structured notes 139,883 (1,069) — — 139,883 (1,069) Total Non-MBS 139,883 (1,069) 2,002 (194) 141,885 (1,263) Total debt securities $ 139,968 $ (1,069) $ 8,980 $ (1,066) $ 148,948 $ (2,135) There were seven securities that were in a continuous loss position at June 30, 2021 for a period of more than 12 months. There were seven securities that were in a continuous loss position at June 30, 2021 for a period of less than 12 months. There were ten securities that were in a continuous loss position at June 30, 2020 for a period of more than 12 months. There were four securities that were in a continuous loss position at June 30, 2020 for a period of less than 12 months. During the fiscal years ended June 30, 2021 and 2020, there were no sales of securities. The gross gains and losses realized through earnings upon the sale of available-for-sale securities were as follows: At June 30, (Dollars in thousands) 2021 2020 2019 Proceeds $ — $ — $ 15,863 Gross realized gains $ — $ — $ 842 Gross realized loss — — (133) Net gain on securities $ — $ — $ 709 The Company records unrealized gains and unrealized losses in accumulated other comprehensive loss as follows: At June 30, (Dollars in thousands) 2021 2020 Available-for-sale debt securities—net unrealized gains $ 4,507 $ (432) Available-for-sale debt securities—non-credit related (845) (845) Subtotal 3,662 (1,277) Tax (provision) benefit (1,155) 340 Net unrealized gain (loss) on investment securities in accumulated other comprehensive loss $ 2,507 $ (937)

LOANS & ALLOWANCE FOR CREDIT LO

LOANS & ALLOWANCE FOR CREDIT LOSSES-LOANS	12 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
LOANS & ALLOWANCE FOR CREDIT LOSSES-LOANS	LOANS & ALLOWANCE FOR CREDIT LOSSES-LOANS In conjunction with the adoption of ASC 326 on July 1, 2020, the Company updated categorization of the loan portfolio. The Company categorizes the loan portfolio into six segments: Single Family - Mortgage & Warehouse, Multifamily and Commercial Mortgage, Commercial Real Estate, Commercial & Industrial - Non Real Estate, Auto & Consumer and Other (for further detail of the change in accounting principle and detail of the segments and classes within of the Company’s loan portfolio, refer to Note 1 - “Summary of Significant Accounting Policies” ). The following table sets forth the composition of the loan portfolio as of the dates indicated: At June 30, (Dollars in thousands) 2021 2020 Single Family - Mortgage & Warehouse $ 4,359,472 $ 4,722,304 Multifamily and Commercial Mortgage 2,470,454 2,263,054 Commercial Real Estate 3,180,453 2,297,920 Commercial & Industrial - Non-RE 1,123,869 885,320 Auto & Consumer 362,180 341,365 Other 58,316 193,479 Total gross loans 11,554,744 10,703,442 Allowance for credit losses - loans (132,958) (75,807) Unaccreted premiums (discounts) and loan fees (6,972) 3,714 Total net loans $ 11,414,814 $ 10,631,349 The following table summarizes activity in the allowance for credit losses - loans for the periods indicated: At June 30, (Dollars in thousands) 2021 2020 2019 Balance—beginning of period $ 75,807 $ 57,085 $ 49,151 Effect of Adoption of ASC 326 47,300 — — Provision for loan and lease loss 23,750 42,200 27,350 Charged off (16,558) (25,833) (19,663) Transfers to held for sale — — (2,356) Recoveries 2,659 2,355 2,603 Balance—end of period $ 132,958 $ 75,807 $ 57,085 Loans held for investment transferred to loans held for sale classification are carried at the lower of cost or fair value. At the time of transfer into the held for sale classification, any amount by which cost exceeds fair value is accounted for as a charge against the allowance for loan and lease losses, shown in the transfers to held for sale in the table above. In the ordinary course of business, the Company has granted related party loans collateralized by real property to certain executive officers, directors and their affiliates. There were one and five refinances of related party loans in the amounts of $1.4 million and $8.5 million during the fiscal years ended June 30, 2021 and 2020, respectively. During the fiscal year ended June 30, 2021, the Company originated four new related party loans in the amount of $10.0 million. Total principal payments on related party loans were $7.0 million and $7.9 million during the years ended June 30, 2021 and 2020, respectively. At June 30, 2021 and 2020, these loans amounted to $23.8 million and $14.5 million, respectively, and are included in loans held for investment. Interest earned on these loans was $0.1 million and $0.2 million during the years ended June 30, 2021 and 2020, respectively. The Company’s loan portfolio consists of approximately 14.9% fixed interest rate loans and 85.1% adjustable interest rate loans as of June 30, 2021. The Company’s adjustable rate loans are generally based upon indices using U.S. Treasury rates, LIBOR and Eleventh District Cost of Funds. At June 30, 2021 and 2020, portfolio loans serviced by others were $44.7 million, or 0.39%, and $49.4 million, or 0.46%, respectively, of the loan portfolio. As of June 30, 2021, the Company had $1,074.3 million of interest only loans and $0.9 million of option adjustable-rate mortgage loans. Through June 30, 2021, the net amount of deferred interest on these loan types was not material to the financial position or operating results of the Company. The following tables summarize activity in the allowance for credit losses -loans by portfolio classes for the periods indicated: June 30, 2021 (Dollars in thousands) Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2020 $ 25,899 $ 4,719 $ 21,052 $ 9,954 $ 9,462 $ 4,721 $ 75,807 Effect of Adoption of ASC 326 6,318 7,408 25,893 7,042 610 29 47,300 Provision for credit losses - loans (3,242) 1,196 11,238 14,251 (1,354) 1,661 23,750 Charge-offs (2,502) (177) (255) (2,833) (3,517) (7,274) (16,558) Recoveries 131 — — 46 1,318 1,164 2,659 Balance at June 30, 2021 $ 26,604 $ 13,146 $ 57,928 $ 28,460 $ 6,519 $ 301 $ 132,958 June 30, 2020 (Dollars in thousands) Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2019 $ 22,290 $ 3,807 $ 14,632 $ 9,544 $ 6,339 $ 473 $ 57,085 Provision for credit losses - loans 3,546 793 6,420 4,542 7,429 19,470 42,200 Charge-offs (203) — — (4,132) (5,047) (16,451) (25,833) Recoveries 266 119 — — 741 1,229 2,355 Balance at June 30, 2020 $ 25,899 $ 4,719 $ 21,052 $ 9,954 $ 9,462 $ 4,721 $ 75,807 June 30, 2019 (Dollars in thousands) Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2018 $ 20,905 $ 4,054 $ 9,202 $ 10,438 $ 4,127 $ 425 $ 49,151 Provision for credit losses - loans 1,777 (356) 5,430 255 5,731 14,513 27,350 Charge-offs (799) — — (1,149) (3,752) (13,963) (19,663) Transfers to held for sale — — — — — (2,356) (2,356) Recoveries 407 109 — — 233 1,854 2,603 Balance at June 30, 2019 $ 22,290 $ 3,807 $ 14,632 $ 9,544 $ 6,339 $ 473 $ 57,085 Credit Quality Disclosure . Nonaccrual loans consisted of the following as of the dates indicated: As of June 30, 2021 (Dollars in thousands) With Allowance With No Allowance Total Single Family - Mortgage & Warehouse $ 45,951 $ 59,757 $ 105,708 Multifamily and Commercial Mortgage 2,916 17,512 20,428 Commercial Real Estate 15,839 — 15,839 Commercial & Industrial - Non-RE 2,942 — 2,942 Auto & Consumer 230 48 278 Total nonaccrual loans $ 67,878 $ 77,317 $ 145,195 Nonaccrual loans to total loans 1.26 % Approximately 0.55% of our nonaccrual loans at June 30, 2021 were considered TDRs, compared to 0.34% at June 30, 2020. Borrowers who make timely payments after TDRs are considered non-performing for at least six months. Generally, after six months of timely payments, those TDRs are reclassified from the nonaccrual loan and lease category to performing and return to accrual status. Approximately 72.80% of the Bank’s nonaccrual loans are single family first mortgages. The following tables provide the outstanding unpaid balance of loans and leases that are performing and nonaccrual by portfolio class as of the dates indicated: June 30, 2021 (Dollars in thousands) Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 4,253,764 $ 2,450,026 $ 3,164,614 $ 1,120,927 $ 361,902 $ 58,316 $ 11,409,549 Nonaccrual 105,708 20,428 15,839 2,942 278 — 145,195 Total $ 4,359,472 $ 2,470,454 $ 3,180,453 $ 1,123,869 $ 362,180 $ 58,316 $ 11,554,744 June 30, 2020 (Dollars in thousands) Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 4,638,274 $ 2,259,629 $ 2,297,920 $ 885,107 $ 341,092 $ 193,479 $ 10,615,501 Nonaccrual 84,030 3,425 — 213 273 — 87,941 Total $ 4,722,304 $ 2,263,054 $ 2,297,920 $ 885,320 $ 341,365 $ 193,479 $ 10,703,442 Interest recognized on performing loans temporarily modified as TDRs was $0, $0, and $0 for the years ended June 30, 2021, 2020 and 2019 respectively. The average balances of nonaccrual loans was $142.0 million, $60.6 million and $39.5 million for the years ended June 30, 2021, 2020 and 2019, respectively. There was no amount in performing TDRs for each of the years ended June 30, 2021, 2020 and 2019. There was no interest income recognized on non-accrual loans for the years ended June 30, 2021, 2020 and 2019. The Company had no TDRs classified as performing loans at June 30, 2021 or 2020. Credit Quality Indicators . The Company categorizes loans and leases into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans and leases individually by classifying the loans and leases as to credit risk. The Company uses the following definitions for risk ratings. Pass . Loans and leases classified as pass are well protected by the current net worth and paying capacity of the obligor or by the fair value, less cost to acquire and sell, of any underlying collateral in a timely manner. Special Mention . Loans and leases classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or lease or of the institution’s credit position at some future date. Substandard . Loans and leases classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans and leases so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful . Loans and leases classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The Company reviews and grades loans and leases following a continuous loan and lease review process, featuring coverage of all loan and lease types and business lines at least quarterly. Continuous reviewing provides more effective risk monitoring because it immediately tests for potential impacts caused by changes in personnel, policy, products or underwriting standards. The amortized cost basis by fiscal year of origination and credit quality indicator of the Company’s loan and leases as of June 30, 2021 was as follows: Loans Held for Investment Origination Year Revolving Loans Revolving Loans Converted to Loans HFI Total (Dollars in thousands) 2021 2020 2019 2018 2017 Prior Single Family-Mortgage & Warehouse Pass $962,787 $726,941 $492,421 $470,287 $351,274 $576,197 $585,785 $— $4,165,692 Special Mention 79 9,972 7,102 4,093 6,434 18,347 28,339 — 74,366 Substandard — 32,363 16,386 17,624 15,032 38,009 — — 119,414 Doubtful — — — — — — — — — Total 962,866 769,276 515,909 492,004 372,740 632,553 614,124 — 4,359,472 Multifamily and Commercial Mortgage Pass 636,870 571,530 357,900 288,698 195,257 340,553 — — 2,390,808 Special Mention — 26,224 18,132 855 1,321 1,409 — — 47,941 Substandard 4,947 12,123 1,068 10,554 1,236 1,777 — — 31,705 Doubtful — — — — — — — — — Total 641,817 609,877 377,100 300,107 197,814 343,739 — — 2,470,454 Commercial Real Estate Pass 1,335,963 946,723 430,513 114,979 — 63,750 184,219 — 3,076,147 Special Mention — 9,359 15,487 — — — 1,993 — 26,839 Substandard — 24,842 36,786 15,839 — — — — 77,467 Doubtful — — — — — — — — — Total 1,335,963 980,924 482,786 130,818 — 63,750 186,212 — 3,180,453 Commercial & Industrial - Non-RE Pass 45,396 80,139 16,842 24,210 8,679 — 927,449 — 1,102,715 Special Mention — 11,693 262 2,197 — — — — 14,152 Substandard 2,989 733 2,942 338 — — — — 7,002 Doubtful — — — — — — — — — Total 48,385 92,565 20,046 26,745 8,679 — 927,449 — 1,123,869 Auto & Consumer Pass 156,391 78,641 70,071 32,725 15,885 7,410 — — 361,123 Special Mention 30 144 62 — — 31 — — 267 Substandard 61 181 396 59 76 17 — — 790 Doubtful — — — — — — — — — Total 156,482 78,966 70,529 32,784 15,961 7,458 — — 362,180 Other Pass 17,078 37,909 — 1,663 649 1,017 — — 58,316 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total 17,078 37,909 — 1,663 649 1,017 — — 58,316 Total Pass 3,154,485 2,441,883 1,367,747 932,562 571,744 988,927 1,697,453 — 11,154,801 Special Mention 109 57,392 41,045 7,145 7,755 19,787 30,332 — 163,565 Substandard 7,997 70,242 57,578 44,414 16,344 39,803 — — 236,378 Doubtful — — — — — — — — — Total $3,162,591 $2,569,517 $1,466,370 $984,121 $595,843 $1,048,517 $1,727,785 $— $11,554,744 As a % of total gross loans and leases 27.37% 22.24% 12.69% 8.52% 5.16% 9.07% 14.95% —% 100.0% The Company considers the performance of the loan and lease portfolio and its impact on the allowance for loan and lease losses. The Company also evaluates credit quality based on the aging status of its loans and leases. During the year, the Company holds certain short-term loans that do not have a fixed maturity date that are treated as delinquent if not paid in full 90 days after the origination date. The Company has taken proactive measures to manage loans that became delinquent during the recent economic downturn as a result of the COVID-19 pandemic. As of June 30, 2021, the Company provided no forbearance nor deferrals of payment obligations on any single family, multifamily and commercial mortgage loans, warehouse loans and commercial real estate loans. Deferrals totaling $0.9 million of auto and consumer loans were granted during the fiscal year ended June 30, 2021. The following tables provide the outstanding unpaid balance of loans and leases that are past due 30 days or more by portfolio class as of the dates indicated: June 30, 2021 (Dollars in thousands) 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 24,150 $ 46,552 $ 69,169 $ 139,871 Multifamily and Commercial Mortgage 7,991 1,816 12,122 21,929 Commercial Real Estate 36,786 — — 36,786 Commercial & Industrial - Non-RE — — 2,960 2,960 Auto & Consumer 601 306 235 1,142 Other — — — — Total $ 69,528 $ 48,674 $ 84,486 $ 202,688 As a % of gross loans and leases 0.60 % 0.42 % 0.73 % 1.75 % June 30, 2020 (Dollars in thousands) 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 17,931 $ 23,115 $ 66,813 $ 107,859 Multifamily and Commercial Mortgage 7,744 5,287 — 13,031 Commercial Real Estate — — — — Commercial & Industrial - Non-RE — — — — Auto & Consumer 973 166 326 1,465 Other — — — — Total $ 26,648 $ 28,568 $ 67,139 $ 122,355 As a % of gross loans and leases 0.25 % 0.27 % 0.63 % 1.13 % Allowance for Credit Losses The allowance for credit losses is the sum of the allowance for credit losses - loans and the unfunded loan commitment liabilities. Unfunded loan commitment liabilities are included in “Accounts payable, accrued liabilities and other liabilities” in the Consolidated Balance Sheets. Provisions for the unfunded loan commitments are included in Consolidated Statements of Income in “General and administrative expenses”. The following tables present a summary of the activity in the allowance for credit losses for the periods indicated: For the Year Ended June 30, 2021 (Dollars in thousands) Allowance for Credit Losses - Loans Unfunded Loan Commitment Liabilities Total Allowance for Credit Losses Balance at July 1, 2020 $ 75,807 $ 323 $ 76,130 Effect of Adoption of ASC 326 47,300 5,700 53,000 Provision for Credit Losses 23,750 (300) 23,450 Charge-offs (16,558) — (16,558) Recoveries 2,659 — 2,659 Balance at June 30, 2021 $ 132,958 $ 5,723 $ 138,681 For the Year Ended June 30, 2020 (Dollars in thousands) Allowance for Credit Losses - Loans Unfunded Loan Commitment Liabilities Total Allowance for Credit Losses Balance at July 1, 2019 $ 57,085 $ 227 $ 57,312 Provision for Credit Losses 42,200 96 42,296 Charge-offs (25,833) — (25,833) Recoveries 2,355 — 2,355 Balance at June 30, 2020 $ 75,807 $ 323 $ 76,130

OFFSETTING OF SECURITIES FINANC

OFFSETTING OF SECURITIES FINANCING AGREEMENTS	12 Months Ended
	Jun. 30, 2021
Offsetting [Abstract]
OFFSETTING OF SECURITIES FINANCING AGREEMENTS	OFFSETTING OF SECURITIES FINANCING AGREEMENTS The Company enters into securities borrowed and securities loaned transactions. The Company executes these transactions to facilitate customer match-book activity, cover short positions and customer securities lending. The Company manages credit exposure from certain transactions by entering into master securities lending agreements. The relevant agreements allow for the efficient closeout of transactions, liquidation and set-off of collateral against the net amount owed by the counterparty following a default. Default events generally include, among other things, failure to pay, insolvency or bankruptcy of a counterparty. The following table presents information about the offsetting of these instruments and related collateral amounts as of: June 30, 2021 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Financial Collateral Net Assets / Liabilities Assets: Securities borrowed $ 619,088 $ — $ 619,088 $ 619,088 $ — Liabilities: Securities loaned $ 728,988 $ — $ 728,988 $ 728,988 $ — June 30, 2020 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Financial Collateral Net Assets / Liabilities Assets: Securities borrowed $ 222,368 $ — $ 222,368 $ 222,368 $ — Liabilities: Securities loaned $ 255,945 $ — $ 255,945 $ 255,945 $ — The securities loaned transactions represent equities with an overnight and open maturity classification.

CUSTOMER, BROKER-DEALER AND CLE

CUSTOMER, BROKER-DEALER AND CLEARING RECEIVABLES AND PAYABLES	12 Months Ended
	Jun. 30, 2021
Brokers and Dealers [Abstract]
CUSTOMER, BROKER-DEALER AND CLEARING RECEIVABLES AND PAYABLES	CUSTOMER, BROKER-DEALER AND CLEARING RECEIVABLES AND PAYABLES Customer, broker-dealer and clearing receivables and payables consisted of the following at June 30, 2021: At June 30, (Dollars in thousands) 2021 2020 Receivables: Customers $ 326,176 $ 211,386 Broker-dealer and clearing organizations: Receivable from broker-dealers 38,887 6,782 Securities failed to deliver 4,752 2,098 Total customer, broker-dealer and clearing receivables $ 369,815 $ 220,266 Payables: Customers $ 497,098 $ 324,628 Broker-dealer and clearing organizations: Payable to broker-dealers 31,203 20,382 Securities failed to receive 7,124 2,604 Total customer, broker-dealer and clearing payables $ 535,425 $ 347,614

FURNITURE, EQUIPMENT AND SOFTWA

FURNITURE, EQUIPMENT AND SOFTWARE	12 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
FURNITURE, EQUIPMENT AND SOFTWARE	FURNITURE, EQUIPMENT AND SOFTWARE A summary of the cost and accumulated depreciation and amortization for leasehold improvements, furniture, equipment and software is as follows: At June 30, (Dollars in thousands) 2021 2020 Leasehold improvements $ 5,556 $ 5,434 Furniture and fixtures 7,793 7,749 Computer hardware and equipment 24,396 22,932 Software 60,086 51,554 Total 97,831 87,669 Less accumulated depreciation and amortization (71,535) (57,105) Furniture, equipment and software—net 1 $ 26,296 $ 30,564 1 Furniture, equipment and software are included in the other assets line on the consolidated balance sheet. Depreciation and amortization expense in respect of leasehold improvements, furniture, equipment and software for the years ended June 30, 2021, 2020 and 2019 was $14.4 million, $14.9 million and $11.7 million, respectively.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Management has evaluated and continues to monitor all key factors impacting the carrying value of the Company’s recorded goodwill and long-lived assets. Adverse changes in the Company’s actual or expected operating results, market capitalization, business climate, economic factors or other negative events that may be outside the control of management could result in material non-cash impairment charges in the future. Management performed impairment testing at the reporting unit level and there was no impairment identified for the fiscal years ended June 30, 2021 and June 30, 2020. There were no changes to goodwill in the year ended June 30, 2020 and the year ended June 30, 2021. The following table summarizes the activity in the Company’s goodwill balance as of the dates indicated: (Dollars in thousands) Total Balance as of July 1, 2019 $ 71,222 Goodwill from acquisitions — Balance as of July 1, 2020 71,222 Goodwill from acquisitions — Balance as of June 30, 2021 $ 71,222 The Company’s acquired intangible assets are summarized as follows as of the dates indicated: June 30, 2021 June 30, 2020 (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Covenant not to compete $ 930 $ 756 $ 174 $ 930 $ 523 $ 407 Customer relationships 31,310 7,110 24,200 31,310 4,498 26,812 Customer deposit intangible 13,545 5,829 7,716 13,545 3,756 9,789 Developed technologies 23,050 10,769 12,281 23,050 5,963 17,087 Trademark 378 — 378 — — — Trade name 290 290 — 290 218 72 Total intangible assets $ 69,503 $ 24,754 $ 44,749 $ 69,125 $ 14,958 $ 54,167 The weighted-average useful lives of intangible assets at the time of acquisition were as follows: Weighted-Average Covenant not to compete 4 Customer relationships 12 Customer deposit intangible 10 Developed technologies 5 Trade name 3 The amortization expense for intangible assets that are subject to amortization was $9.8 million and $9.5 million for the years ended June 30, 2021 and 2020, respectively. Each intangible asset subject to amortization is amortized using the straight-line method over the estimated useful life of the asset. Estimated future amortization expense related to finite-lived intangible assets at June 30, 2021 is as follows: (Dollars in thousands) Amortization Expense For the fiscal year ending June 30, 2022 $ 8,441 2023 8,020 2024 7,551 2025 4,061 2026 2,927 Thereafter 13,371 Total $ 44,371

LEASES

LEASES	12 Months Ended
	Jun. 30, 2021
Leases [Abstract]
LEASES	LEASES The Company leases office space under operating lease agreements scheduled to expire at various dates. Operating lease expense for the years ended June 30, 2021, 2020 and 2019 was $10.6 million, $10.5 million and $7.8 million, respectively. Supplemental balance sheet information related to leases as of June 30, 2021 was as follows: Years End June 30, (Dollars in thousands) 2021 2020 Operating lease right-of-use assets $ 64,077 $ 73,014 Operating lease liabilities 70,119 76,827 Weighted-average remaining lease term: Operating leases 8.30 years 9.12 years Weighted-average discount rate: Operating leases 2.90 % 2.90 % Maturities of Operating Lease Liabilities. The Company leases office space under operating lease agreements scheduled to expire at various dates. The following table represents maturities of lease liabilities as of June 30, 2021: (Dollars in thousands) Within one year $ 9,548 After one year and within two years 9,820 After two years and within three years 9,422 After three years and within four years 8,791 After four years and within five years 8,031 After five years 33,937 Total lease payments 79,549 Less: amount representing interest (9,430) Total Lease Liability $ 70,119 As of June 30, 2021, the Company is in compliance with all covenants contained in lease agreements.

DEPOSITS

DEPOSITS	12 Months Ended
	Jun. 30, 2021
Deposits [Abstract]
DEPOSITS	DEPOSITS Deposit accounts are summarized as follows: At June 30, 2021 2020 (Dollars in thousands) Amount Rate 1 Amount Rate 1 Non-interest bearing $ 2,474,424 — % $ 1,936,661 — % Interest bearing: Demand 3,369,845 0.15 % 3,456,127 0.37 % Savings 3,458,687 0.21 % 3,697,188 0.78 % 6,828,532 0.18 % 7,153,315 0.58 % Time deposits: $250 and under 1,070,139 1.30 % 1,584,034 2.12 % Greater than $250 442,702 1.03 % 662,684 1.39 % Total time deposits 1,512,841 1.22 % 2,246,718 1.91 % Total interest bearing 2 8,341,373 0.37 % 9,400,033 0.90 % Total deposits $ 10,815,797 0.29 % $ 11,336,694 0.75 % 1 Based on weighted-average stated interest rates at end of period. 2 The total interest-bearing includes brokered deposits of $621.4 million and $1,318.0 million as of June 30, 2021 and June 30, 2020, respectively, of which $380.0 million and $603.6 million, respectively, are time deposits classified as $250 and under. The scheduled maturities of time deposits are as follows: (Dollars in thousands) June 30, 2021 Within 12 months $ 1,021,465 13 to 24 months 214,232 25 to 36 months 125,943 37 to 48 months 138,485 49 to 60 months 12,716 Thereafter — Total $ 1,512,841 At June 30, 2021 and 2020, the Company had deposits from certain executive officers, directors and their affiliates in the amount of $3.2 million and $2.7 million, respectively.

ADVANCES FROM THE FEDERAL HOME

ADVANCES FROM THE FEDERAL HOME LOAN BANK	12 Months Ended
	Jun. 30, 2021
Advances from Federal Home Loan Banks [Abstract]
ADVANCES FROM THE FEDERAL HOME LOAN BANK	ADVANCES FROM THE FEDERAL HOME LOAN BANK At June 30, 2021 and 2020, the Company’s fixed-rate FHLB advances had interest rates that ranged from 0.15% to 2.86% with a weighted average of 1.18% and ranged from 0.00% to 2.89% with a weighted average of 2.22%, respectively. Fixed-rate advances from FHLB are scheduled to mature as follows: At June 30, 2021 2020 (Dollars in thousands) Amount Weighted- Amount Weighted- Within one year 1 $ 236,000 0.64 % $ 75,000 1.99 % After one but within two years 27,500 2.08 % 50,000 2.47 % After two but within three years — — % 27,500 2.08 % After three but within four years 30,000 2.82 % — — % After four but within five years — — % 30,000 2.82 % After five years 60,000 2.07 % 60,000 2.07 % Total $ 353,500 1.18 % $ 242,500 2.22 % 1. Within one year category includes of term advances of $186,000 and $0 at June 30, 2021 and 2020, respectively. The Company’s advances from the FHLB were collateralized by certain real estate loans with an aggregate unpaid balance of $4,286.1 million and $4,806.9 million at June 30, 2021 and 2020, respectively, by the Company’s investment in capital stock of the FHLB of San Francisco and by its investment in mortgage-backed securities. Generally, each advance carries a prepayment penalty and is payable in full at its maturity date. The maximum amounts advanced at any month-end during the period from the FHLB were $353.5 million, $1,462.5 million, and $3,424.0 million during the years ended June 30, 2021, 2020, and 2019, respectively. At June 30, 2021, the Company had $2,292.9 million available immediately and $3,076.5 million available with additional collateral for advances from the FHLB for terms up to ten years.

BORROWINGS, SUBORDINATED NOTES

BORROWINGS, SUBORDINATED NOTES AND DEBENTURES	12 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
BORROWINGS, SUBORDINATED NOTES AND DEBENTURES	BORROWINGS, SUBORDINATED NOTES AND DEBENTURES The following table sets forth the composition of the borrowings, subordinated notes and debentures as of the dates indicated: (Dollars in thousands) June 30, 2021 June 30, 2020 Borrowings from other banks $ 36,200 $ 21,500 Paycheck protection program liquidity facility advances — 151,952 Subordinated loans 7,400 7,400 Subordinated notes 175,000 51,000 Junior subordinated debentures 5,155 5,155 Less unamortized issuance costs (2,397) (1,218) Total borrowings, subordinated notes and debentures $ 221,358 $ 235,789 Borrowings from other banks. Axos Clearing has $133.8 million uncommitted secured lines of credit available for borrowing. As of June 30, 2021, there was $36.2 million outstanding. These credit facilities bear interest at rates based on the Federal Funds rate and are due upon demand. The weighted average interest rate on the borrowings at June 30, 2021 was 1.75%, a rate blending fixed and variable components. Axos Clearing has a $50.0 million committed unsecured line of credit available for limited purpose borrowing. As of June 30, 2021, there was $0.0 million outstanding. This credit facility bears interest at rates based on the Federal Funds rate and are due upon demand. The unsecured line of credit requires Axos Clearing operate in accordance of specific covenants surrounding capital and debt ratios. Axos Clearing was in compliance of all covenants as of June 30, 2021. Paycheck Protection Program Liquidity Facility Advances . The Bank has zero advances outstanding from the Federal Reserve Bank through the Paycheck Protection Program Liquidity Facility, and no Small Business Administration Paycheck Protection Program Loans pledged as of June 30, 2021. The advances during the year had interest rates of 0.35% and mature at the earlier of PPP borrower forgiveness or June 2022. Subordinated Loans . The Company issued subordinated notes totaling $7.5 million on January 28, 2019, to the principal stockholders of COR Securities in an equal principal amount, with a maturity of 15 months, to serve as the sole source of payment of indemnification obligations of the principal stockholders of COR Securities under the Merger Agreement. Interest accrues at a rate of 6.25% per annum. During the fiscal year ended June 30, 2019, $0.1 million of subordinated loans were repaid. The Company is in the process of making an indemnification claim against the $7.4 million remaining. Subordinated Notes . In September 2020, the Company completed the sale of $175.0 million aggregate principal amount of its 4.875% Fixed-to-Floating Rate Subordinated Notes due October 1, 2030 (the “Notes”). The Notes mature on October 1, 2030 and accrue interest at a fixed rate per annum equal to 4.875%, payable semi-annually in arrears on April 1 and October 1 of each year, commencing on April 1, 2021. From and including October 1, 2025, to, but excluding October 1, 2030 or the date of early redemption, the Notes will bear interest at a floating rate per annum equal to a benchmark rate (which is expected to be the Three-Month Term Secured Overnight Financing Rate) plus a spread of 476 basis points, payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year, commencing on January 2026. The Notes may be redeemed on or after October 1, 2025, which date may be extended at the Company’s discretion, at a redemption price equal to principal plus accrued and unpaid interest, subject to certain conditions. Fees and costs incurred in connection with the debt offering amortize to interest expense over the term of the Notes. On March 31, 2021, the Company completed the redemption of $51.0 million aggregate principal amount of its 6.25% Subordinated Notes due 2026 (the “Notes 2026”). The Notes 2026 were redeemed for cash by the Company at 100% of their principal amount, plus accrued and unpaid interest, in accordance with the terms of the indenture governing the Notes 2026. Remaining unamortized deferred financing costs associated with such notes were expensed and included under Interest Expense - Other Borrowings in the Consolidated Statements of Income. Junior Subordinated Debentures . On December 13, 2004, the Company entered into an agreement to form an unconsolidated trust which issued $5.0 million of trust preferred securities in a transaction that closed on December 16, 2004. The net proceeds from the offering were used to purchase $5.2 million of junior subordinated debentures (“Debentures”) of the Company with a stated maturity date of February 23, 2035. The Debentures are the sole assets of the trust. The trust preferred securities are mandatorily redeemable upon maturity, or upon earlier redemption as provided in the indenture. The Company has the right to redeem the Debentures in whole (but not in part) on or after specific dates, at a redemption price specified in the indenture plus any accrued but unpaid interest through the redemption date. Interest accrues at the rate of three-month LIBOR plus 2.4% for a rate of 2.55% as of June 30, 2021, with interest paid quarterly starting February 16, 2005. The Bank has the ability to borrow short-term from the Federal Reserve Bank of San Francisco (“FRBSF”) Discount Window. At June 30, 2021 and 2020 there were no amounts outstanding and the available borrowings from this source were $2,091.3 million and $1,783.4 million, respectively. The 2021 available borrowings would be collateralized by residential real estate loans, certain C&I loans. The Bank has additional unencumbered collateral that could be pledged to the FRBSF Discount Window to increase borrowing liquidity. The Bank has federal funds lines of credit with two major banks totaling $175.0 million. At June 30, 2021 and 2020 the Bank had no outstanding balances on these lines.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The provision for income taxes is as follows: At June 30, (Dollars in thousands) 2021 2020 2019 Current: Federal $ 61,827 $ 51,893 $ 42,065 State 37,037 33,852 24,296 98,864 85,745 66,361 Deferred: Federal (5,562) (3,814) (5,483) State (3,266) (2,737) (3,203) (8,828) (6,551) (8,686) Total $ 90,036 $ 79,194 $ 57,675 The differences between the statutory federal income tax rate and the effective tax rates are summarized as follows: At June 30, 2021 2020 2019 Statutory federal tax rate 21.00 % 21.00 % 21.00 % Increase (decrease) resulting from: State taxes—net of federal tax benefit 8.70 % 9.27 % 8.66 % Cash surrender value (0.01) % (0.02) % (0.06) % Deferred tax asset write-off — % 0.77 % — % Tax credits (0.59) % (0.77) % (1.55) % Non-taxable income (0.09) % (0.10) % (0.15) % Excess benefit RSU vesting (0.64) % (0.05) % (0.95) % Other 1.08 % 0.05 % 0.15 % Effective tax rate 29.45 % 30.15 % 27.10 % The components of the net deferred tax asset are as follows: At June 30, (Dollars in thousands) 2021 2020 Deferred tax assets: Allowance for loan and lease losses and charge-offs $ 51,663 $ 30,705 State taxes 903 2,682 Stock-based compensation expense 4,891 4,249 Unrealized net losses on securities — 1,135 Deferred bonus / vacation 3,388 2,385 Securities impaired 266 266 Deferred loan fees 4,182 2,900 Lease liability 1,959 1,236 Net operating loss carryforward 1,811 2,244 Total deferred tax assets 69,063 47,802 Deferred tax liabilities: FHLB stock dividend (830) (830) Other assets—prepaids (2,717) (2,095) Depreciation and amortization (9,998) (13,111) Unrealized net gains on securities (1,155) — Total deferred tax liabilities (14,700) (16,036) Net deferred tax asset 1 $ 54,363 $ 31,766 1 Net deferred tax asset is included in the other assets line on the consolidated balance sheet. The Company records deferred tax assets for net operating losses when the benefit is more likely than not to be realized. As of June 30, 2021, the Company had federal net operating loss carryforwards of approximately $7.4 million. The annual 382 limitation is approximately $2.3 million for federal purposes. The Company also had state net operating loss carryforwards of $2.3 million. Of this amount, $1.8 million is subject to an annual 382 limitation of approximately $0.1 million for state purposes. These carryforwards begin to expire in 2034 and 2035 for federal and state purposes, respectively. During the year ended June 30, 2020, the Company determined that certain stock-based compensation awards would not be granted under the plan, and the deferred tax assets related to these awards will not be realized. Accordingly, the Company wrote-off $6.8 million of stock-based compensation deferred tax asset, resulting in a $2.0 million increase in tax expense for fiscal 2020. The RSU tax benefit calculation determined no write-off was necessary for fiscal 2021 based on the Company’s strong stock price performance. The Company establishes a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. As of June 30, 2021 and 2020, the Company believes that it will have sufficient future earnings to realize its deferred tax asset and has not provided an allowance. The following is a reconciliation of the beginning and ending amount of unrecognized tax positions for the periods presented: (Dollars in thousands) 2021 2020 2019 Balance—beginning of period $ 813 $ 1,084 $ 1,135 Additions—current year tax positions 355 115 107 Additions—prior year tax positions 1 2,205 31 — Reductions—prior year tax positions (4) (417) (158) Total liability for unrecognized tax positions—end of period $ 3,369 $ 813 $ 1,084 1 The Company added an allowance on credits claimed. The Company is subject to federal income tax and income tax of state taxing authorities. The Company’s federal income tax returns for the years ended June 30, 2018, 2019, and 2020 and its state taxing authorities income tax returns for the years ended June 30, 2017, 2018, 2019 and 2020 are open to audit under the statutes of limitations by the Internal Revenue Service and state taxing authorities. During the year ended June 30, 2019, the Company acquired COR Securities Holdings. The Company recognized a deferred tax liability of $2.2 million.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Jun. 30, 2021
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY Common Stock Repurchases. On March 17, 2016, the Board of Directors of the Company (the “Board”), authorized a program to repurchase up to $100 million of common stock and extended the program by an additional $100 million on August 2, 2019. The Company may repurchase shares on the open market or through privately negotiated transactions at times and prices considered appropriate, at the discretion of the Company, and subject to its assessment of alternative uses of capital, stock trading price, general market conditions and regulatory factors. The repurchase program does not obligate the Company to acquire any specific number of shares. The share repurchase program will continue in effect until terminated by the Board. With the March 17, 2016 authorization, the Company repurchased a total of $100 million or 3,567,051 common shares at an average price of $28.03 per share. With the August 2, 2019 authorization, the Company has repurchased a total of $47.2 million or 2,399,853 common shares at an average price of $19.68 per share and there remains $52.8 million under the plan. During the year ended June 30, 2021, the Company repurchased a total of $16.8 million, or 753,597 common shares at an average price of $22.24 per share. The Company accounts for treasury stock using the cost method as a reduction of shareholders’ equity in the accompanying consolidated financial statements. Preferred Stock . The Company redeemed for cash all 515 outstanding shares of Series A-6% Cumulative Nonparticipating Perpetual Preferred Stock on October 30, 2020, at the face value $10,000 liquidation price per share plus accrued dividends. The Company declared dividends to holders of its Series A preferred stock totaling $0.3 million for each of the years ended June 30, 2020 and 2019. Dividends totaling $0.1 million were declared for the year ended June 30, 2021, an amount less than prior years as preferred stock was redeemed before the full year.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Company has an equity incentive plan, the Amended and Restated 2014 Stock Incentive Plan (“2014 Plan”), which provides for the granting of non-qualified and incentive stock options, restricted stock and restricted stock units, stock appreciation rights and other awards to employees, directors and consultants. The Plan is designed to encourage selected employees and directors to improve operations and increase profits, and to accept or continue employment or association with the Company through participation in the growth in the value of the common stock. The Plan requires that option exercise prices be not less than fair market value per share of common stock on the option grant date for incentive and non-qualified options. The options issued under the Plans generally vest in between three 2014 Plan . In September and October 2019, the Company’s Board of Directors and stockholders, respectively, approved the 2014 Plan, as amended and restated. The number of shares authorized for issuance pursuant to awards under the 2014 Plan is 4,680,000, less restricted stock unit awards granted, plus any restricted stock units that become available upon the forfeiture, expiration, cancellation or settlement in cash awards outstanding under the 2014 Plan. At June 30, 2021, 1,537,686 shares of common stock remained available for issuance pursuant to grant awards under the 2014 Plan. Restricted Stock Units . During the fiscal year ended June 30, 2019, the Company’s Board of Directors granted 623,249 restricted stock units to employees and directors. The chief executive officer received 480,000 restricted stock units, which vest ratably on each of the four During the fiscal year ended June 30, 2020, the Company’s Board of Directors granted 714,569 restricted stock units to employees and directors. The chief executive officer received no restricted stock units. All restricted stock unit awards granted during the year ended June 30, 2020, vest over three years, one-third on each anniversary of the grant date and 693,660 shares were vested and issued and 122,217 shares were canceled as of June 30, 2020. During the fiscal year ended June 30, 2021, the Company’s Board of Directors granted 617,833 restricted stock units to employees and directors. The chief executive officer received no restricted stock units. All restricted stock unit awards granted during the year ended June 30, 2021, vest over three years, one-third on each anniversary of the grant date and 666,790 shares were vested and issued and 159,620 shares were canceled as of June 30, 2021. Effective July 1, 2017 the Company entered into an employment agreement with its Chief Executive Officer (the “Agreement”) that authorizes an award of restricted stock units (the “RSU award”). The RSU award is an equity-based award and carries a service condition and a market condition that incorporates a measurement of the Company’s total stock return to shareholders in comparison to the total stock return of the ABA Nasdaq Community Bank Index. The accounting grant date of the RSU award is July 1, 2017 and expensing of the RSU award began on this date at the fair value measurement amount as determined by the Company’s valuation process. The Company utilized a Monte Carlo simulation to estimate the value of path-dependent options and determined the fair value using an expected return based on the 5-year US Treasury constant maturity rate, an equity volatility based on 6-month and 1-year historical daily trading history, market capitalization, and stock price for the RSU award. As of July 1, 2017, the estimated fair value of the RSU award was $20.5 million, which vests in five tranches over a total period of nine years. Unrecognized compensation expense to be expensed over the remaining five years related to the non-vested RSU award is $4.8 million at June 30, 2021 and is included in the table below. The actual RSU award in future years is determined by the actual performance of Company’s total stock return in comparison to the total stock return of the ABA Nasdaq Community Bank Index. The Company’s income before income taxes and net income for the years ended June 30, 2021, 2020 and 2019 included stock compensation expense of $20.7 million, $21.9 million and $23.4 million, respectively. The income tax benefit was $6.1 million, $6.6 million and $6.4 million, respectively. The Company recognizes compensation expense based upon the grant-date fair value divided by the service period between each vesting date. At June 30, 2021 unrecognized compensation expense related to non-vested awards aggregated to $28.1 million and is expected to be recognized in future periods as follows: (Dollars in thousands) Stock Award For the fiscal year ending June 30: 2022 $ 15,014 2023 9,350 2024 3,309 2025 331 2026 101 Total $ 28,105 The following table presents the status and changes in restricted stock units for the periods indicated: Restricted Stock Weighted-Average Non-vested balance at June 30, 2019 1,546,848 $ 30.73 Granted 714,569 24.05 Vested (693,660) 28.52 Forfeitures (122,217) 29.10 Non-vested balance at June 30, 2020 1,445,540 $ 28.62 Granted 617,833 32.12 Vested (666,790) 29.23 Forfeitures (176,113) 27.42 Non-vested balance at June 30, 2021 1,220,470 $ 30.18 The total fair value of shares vested during the years ended June 30, 2021, 2020 and 2019 was $24.4 million, $17.1 million and $22.1 million, respectively.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	12 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The following table presents the calculation of basic and diluted EPS: At June 30, (Dollars in thousands, except per share data) 2021 2020 2019 Earnings Per Common Share Net income $ 215,707 $ 183,438 $ 155,131 Preferred stock dividends (103) (309) (309) Preferred stock redemption (86) — — Net income attributable to common shareholders $ 215,518 $ 183,129 $ 154,822 Average common shares issued and outstanding 59,229,495 60,794,555 61,898,447 Average unvested RSUs — — — Total qualifying shares 59,229,495 60,794,555 61,898,447 Earnings per common share $ 3.64 $ 3.01 $ 2.50 Diluted Earnings Per Common Share Dilutive net income attributable to common shareholders $ 215,518 $ 183,129 $ 154,822 Average common shares issued and outstanding 59,229,495 60,794,555 61,898,447 Dilutive effect of average unvested RSUs 1,290,116 643,080 483,618 Total dilutive common shares outstanding 60,519,611 61,437,635 62,382,065 Diluted earnings per common share $ 3.56 $ 2.98 $ 2.48

COMMITMENTS, CONTINGENCIES, AND

COMMITMENTS, CONTINGENCIES, AND OFF-BALANCE-SHEET ACTIVITIES	12 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, CONTINGENCIES, AND OFF-BALANCE-SHEET ACTIVITIES	COMMITMENTS, CONTINGENCIES, AND OFF-BALANCE-SHEET ACTIVITIES COVID-19 Impact. The Company has closely monitored the rapid developments of and uncertainties caused by the COVID-19 pandemic. In response to the changes in economic and business conditions as a result of the COVID-19 pandemic, the Company continues to take the following actions to support customers, employees, partners and shareholders: • Actively communicating with borrowers and partners to assess individual needs; • Providing secure and efficient remote work options for our team members; • Adjusting provisions for credit losses; • Tightening underwriting standards; • Reallocating personnel to increase resources for customer service and portfolio management; and • Limiting business travel. Under the guidelines set forth in the CARES Act, the Company had provided certain borrowers the ability to delay or make interest-only payments. Starting on September 30, 2020, the Company no longer allows delayed or interest-only payments. Credit-Related Financial Instruments . The Company is a party to credit-related financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments are commitments to extend credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the unaudited condensed consolidated balance sheets. The Company’s exposure to credit loss is represented by the contractual amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance-sheet instruments. At June 30, 2021, the Company had commitments to originate $55.0 million in fixed rate loans and $653.5 million in variable rate loans, totaling an aggregate outstanding principal balance of $708.6 million. For June 30, 2021, the Company’s fixed rate commitments to originate had a weighted-average rate of 1.94%. For June 30, 2020, the Company had fixed and variable rate commitments to originate or purchase loans with an aggregate outstanding principal balance of $231.8 million and $769.3 million for total commitments to originate of $1,001.1 million. For June 30, 2020, the Company’s fixed rate commitments to originate had a weighted average rate of 3.32%. At June 30, 2021, the Company also had fixed rate and variable rate commitments of $28.9 million and $26.9 million, respectively, to sell loans with an aggregate outstanding principal balance of $55.9 million. For June 30, 2020, the Company had fixed rate commitments to sell of $240.9 million. At June 30, 2021 and 2020, 48.2% and 79.4% of the commitments to originate loans are matched with commitments to sell related to conforming single family loans classified as held for sale, respectively. Commitments to extend credit are agreements to lend to a customer so long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The commitments for equity lines of credit may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Company, is based on management’s credit evaluation of the customer. In addition, we invest in low income housing project partnerships, which provide income tax credits, and in small business investment companies that call for capital contributions up to an amount specified in the partnership agreements. As of June 30, 2021 and 2020, we had commitments to contribute capital to these entities totaling $15.1 million and $19.3 million. In the normal course of business, Axos Clearing’s customer activities involve the execution, settlement, and financing of various customer securities transactions. These activities may expose Axos Clearing to off-balance-sheet risk in the event the customer or other broker is unable to fulfill its contracted obligations and Axos Clearing has to purchase or sell the financial instrument underlying the contract at a loss. Axos Clearing’s clearing agreements with broker-dealers for which it provides clearing services requires them to indemnify Axos Clearing if customers fail to satisfy their contractual obligation. As of June 30, 2021, non-customer and customer margin securities of approximately $402.9 million and stock borrowings of approximately $619.1 million were available to the Company to utilize as collateral on various borrowings or for other purposes. The Company utilized $729.0 million of these available securities as collateral for securities loaned, $187.2 million for bank loans, and $51.6 million for OCC margin requirements. Litigation . On October 15, 2015, the Company, its Chief Executive Officer and its Chief Financial Officer were named defendants in a putative class action lawsuit styled Golden v. BofI Holding, Inc., et al, and brought in United States District Court for the Southern District of California (the “Golden Case”). On November 3, 2015, the Company, its Chief Executive Officer and its Chief Financial Officer were named defendants in a second putative class action lawsuit styled Hazan v. BofI Holding, Inc., et al, and also brought in the United States District Court for the Southern District of California (the “Hazan Case”). On February 1, 2016, the Golden Case and the Hazan Case were consolidated as In re BofI Holding, Inc. Securities Litigation, Case #: 3:15-cv-02324-GPC-KSC (the “Class Action”), and the Houston Municipal Employees Pension System was appointed lead plaintiff. The plaintiffs allege that the Company and other named defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by failing to disclose wrongful conduct that was alleged in a complaint filed in connection with a wrongful termination of employment lawsuit filed on October 13, 2015 (the “Employment Matter”) and that as a result the Company’s statements regarding its internal controls, as well as portions of its financial statements, were false and misleading. On March 21, 2018, the Court entered a final order dismissing the Class Action with prejudice. Subsequently, the plaintiff appealed, the Court overturned the dismissal and the Company is preparing a petition for a rehearing. On April 3, 2017, the Company, its Chief Executive Officer and its Chief Financial Officer were named defendants in a putative class action lawsuit styled Mandalevy v. BofI Holding, Inc., et al, and brought in United States District Court for the Southern District of California (the “Mandalevy Case”). The Mandalevy Case seeks monetary damages and other relief on behalf of a putative class that has not been certified by the Court. The complaint in the Mandalevy Case (the “Mandalevy Complaint”) alleges a class period that differs from that alleged in the First Class Action, and that the Company and other named defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by failing to disclose wrongful conduct that was alleged in a March 2017 media article. The Mandalevy Case has not been consolidated into the First Class Action. On December 7, 2018, the Court entered a final order granting the defendants’ motion and dismissing the Mandalevy Case with prejudice. Subsequently, the plaintiff filed a notice of appeal and the Court took the matter under advisement. On November 3, 2020, the Court issued a ruling affirming in part and reversing in part the District Court's Order dismissing the Class Action Second Amended Complaint. The defendants filed a petition for rehearing en banc on November 17, 2020, which petition was denied on December 16, 2020. The defendants filed a motion to dismiss the remanded complaint on February 19, 2021. The Company and the other named defendants dispute the allegations of wrongdoing advanced by the plaintiffs in the Class Action, the Mandalevy Case, and in the Employment Matter, as well as those plaintiffs’ statement of the underlying factual circumstances, and are vigorously defending each case. In addition to the First Class Action and the Mandalevy Case, two separate shareholder derivative actions were filed in December, 2015, purportedly on behalf of the Company. The first derivative action, Calcaterra v. Garrabrants, et al , was filed in the United States District Court for the Southern District of California on December 3, 2015. The second derivative action, Dow v. Micheletti, et al , was filed in the San Diego County Superior Court on December 16, 2015. A third derivative action, DeYoung v. Garrabrants, et al , was filed in the United States District Court for the Southern District of California on January 22, 2016, a fourth derivative action, Yong v. Garrabrants, et al , was filed in the United States District Court for the Southern District of California on January 29, 2016, a fifth derivative action, Laborers Pension Trust Fund of Northern Nevada v. Allrich et al , was filed in the United States District Court for the Southern District of California on February 2, 2016, and a sixth derivative action, Garner v. Garrabrants, et al , was filed in the San Diego County Superior Court on August 10, 2017. Each of these six derivative actions names the Company as a nominal defendant, and certain of its officers and directors as defendants. Each complaint sets forth allegations of breaches of fiduciary duties, gross mismanagement, abuse of control, and unjust enrichment against the defendant officers and directors. The plaintiffs in these derivative actions seek damages in unspecified amounts on the Company’s behalf from the officer and director defendants, certain corporate governance actions, and an award of their costs and attorney’s fees. The United States District Court for the Southern District of California ordered the four above-referenced derivative actions pending before it to be consolidated and appointed lead counsel in the consolidated action. On June 7, 2018, the Court entered an order granting defendant’s motion for judgment on the pleadings, but giving the plaintiffs limited leave to amend by June 28, 2018. The plaintiffs failed to file an amended complaint, and instead plaintiffs filed on June 28, 2018 a motion to stay the case pending resolution of the securities class action and Employment Matter. On August 10, 2018, defendants filed an opposition to plaintiffs’ motion. On September 11, 2018, the plaintiffs filed a second amended complaint. On October 16, 2018, defendants filed a motion to dismiss the second amended complaint. On October 16, 2018, defendants filed a motion to dismiss the second amended complaint. The Court dismissed the second amended complaint with prejudice on May 23, 2019. Subsequently, the plaintiff filed a notice of appeal and opening brief and the Company filed its answering brief. Oral argument was held September 2, 2020 and the Court took the matter under advisement. The two derivative actions pending before the San Diego County Superior Court have been consolidated and have been stayed by agreement of the parties. In view of the inherent difficulty of predicting the outcome of each legal action, particularly since claimants seek substantial or indeterminate damages, it is not possible to reasonably predict or estimate the eventual loss or range of loss, if any, related to each legal action.

MINIMUM REGULATORY CAPITAL REQU

MINIMUM REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
	Jun. 30, 2021
Banking Regulation, Minimum Regulatory Capital Requirements [Abstract]
MINIMUM REGULATORY CAPITAL REQUIREMENTS	MINIMUM REGULATORY CAPITAL REQUIREMENTS Consolidated and Banking Business The Company and Bank are subject to regulatory capital adequacy requirements promulgated by federal bank regulatory agencies. Failure by the Company or Bank to meet minimum capital requirements could result in certain mandatory and discretionary actions by regulators that could have a material adverse effect on the consolidated financial statements. The Federal Reserve establishes capital requirements for the Company and the OCC has similar requirements for the Bank. The following tables present regulatory capital information for the Company and Bank. Information presented for June 30, 2021, reflects the Basel III capital requirements that became effective January 1, 2015 for both the Company and Bank. Under these capital requirements and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of the Company and Bank’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company’s and Bank’s capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weightings and other factors. Quantitative measures established by regulation require the Company and Bank to maintain certain minimum capital amounts and ratios. Federal bank regulators require the Company and Bank maintain minimum ratios of core capital to adjusted average assets of 4.0%, common equity tier 1 capital to risk-weighted assets of 4.5%, tier 1 capital to risk-weighted assets of 6.0% and total risk-based capital to risk-weighted assets of 8.0%. At June 30, 2021, the Company and Bank met all the capital adequacy requirements to which they were subject. At June 30, 2021, the Company and Bank were “well capitalized” under the regulatory framework for prompt corrective action. To be “well capitalized,” the Company and Bank must maintain minimum leverage, common equity tier 1 risk-based, tier 1 risk-based and total risk-based capital ratios of at least 5.0%, 6.5%, 8.0% and 10.0%, respectively. Management believes that no conditions or events have occurred since June 30, 2021 that would materially adversely change the Company’s and Bank’s capital classifications. From time to time, we may need to raise additional capital to support the Company’s and Bank’s further growth and to maintain their “well capitalized” status. The Company’s and Bank’s capital amounts, capital ratios and capital requirements under Basel III were as follows: Axos Financial, Inc. Axos Bank “Well Minimum Capital (Dollars in thousands) June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Regulatory Capital: Tier 1 $ 1,309,496 $ 1,106,393 $ 1,262,885 $ 1,080,455 Common equity tier 1 $ 1,309,496 $ 1,101,330 $ 1,262,885 $ 1,080,455 Total capital (to risk-weighted assets) $ 1,587,625 $ 1,240,923 $ 1,358,430 $ 1,156,401 Assets: Average adjusted $ 14,851,462 $ 12,333,030 $ 13,359,578 $ 11,679,819 Total risk-weighted $ 11,522,645 $ 9,817,374 $ 10,283,135 $ 9,160,365 Regulatory Capital Ratios: Tier 1 leverage (core) capital to adjusted average assets 8.82 % 8.97 % 9.45 % 9.25 % 5.00 % 4.00 % Common equity tier 1 capital (to risk-weighted assets) 11.36 % 11.22 % 12.28 % 11.79 % 6.50 % 4.50 % Tier 1 capital (to risk-weighted assets) 11.36 % 11.27 % 12.28 % 11.79 % 8.00 % 6.00 % Total capital (to risk-weighted assets) 13.78 % 12.64 % 13.21 % 12.62 % 10.00 % 8.00 % Beginning January 1, 2016, Basel III implements a requirement for all banking organizations to maintain a capital conservation buffer above the minimum risk-based capital requirements in order to avoid certain limitations on capital distributions, stock repurchases and discretionary bonus payments to executive officers. The capital conservation buffer will be exclusively composed of common equity tier 1 capital, and it applies to each of the three risk-based capital ratios but not the leverage ratio. At June 30, 2021, the Company and Bank are in compliance with the capital conservation buffer requirement. Inclusive of the fully phased-in capital conservation buffer, the common equity Tier 1 capital, Tier 1 risk-based capital and total risk-based capital ratio minimums are 7.0%, 8.5% and 10.5%, respectively. A banking organization with a buffer of less than the required amount is subject to increasingly stringent limitations on such distributions and payments as the buffer approaches zero. The new rule also generally prohibits a banking organization from making such distributions or payments during any quarter if its eligible retained income is negative and its capital conservation buffer ratio was 2.5% or less at the end of the previous quarter. The eligible retained income of a banking organization is defined as its net income for the four calendar quarters preceding the current calendar quarter, based on the organization’s quarterly regulatory reports, net of any distributions and associated tax effects not already reflected in net income. Securities Business Pursuant to the net capital requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Axos Clearing is subject to the SEC Uniform Net Capital (Rule 15c3-1 of the Exchange Act). Under this rule, the Company has elected to operate under the alternate method and is required to maintain minimum net capital of $250,000 or 2% of aggregate debit balances arising from client transactions, as defined. Under the alternate method, Axos Clearing may not repay subordinated debt, pay cash distributions, or make any unsecured advances or loans to its parent or employees if such payment would result in net capital of less than 5% of aggregate debit balances or less than 120% of its minimum dollar requirement. The net capital position of Axos Clearing was as follows: (Dollars in thousands) June 30, 2021 June 30, 2020 Net capital $ 35,950 $ 34,022 Less: required net capital 8,046 4,572 Excess capital $ 27,904 $ 29,450 Net capital as a percentage of aggregate debit items 8.94 % 14.88 % Net capital in excess of 5% aggregate debit items $ 15,836 $ 22,593 Axos Clearing as a clearing broker, is subject to SEC Customer Protection Rule (Rule 15c3-3 of the Exchange Act) which requires segregation of funds in a special reserve account for the benefit of customers. At June 30, 2021, the Company had a deposit requirement of $258.1 million and maintained a deposit of $251.2 million. On July 1, 2021, Axos Clearing made a deposit to satisfy the deposit requirement. At June 30, 2020, the Company had a deposit requirement of $159.5 million and maintained a deposit of $178.8 million. Certain broker-dealers have chosen to maintain brokerage customer accounts at the Axos Clearing. To allow these broker-dealers to classify their assets held by the Company as allowable assets in their computation of net capital, the Company computes a separate reserve requirement for Proprietary Accounts of Brokers (PAB). At June 30, 2021, the Company had a deposit requirement of $73.6 million and maintained a deposit of $71.0 million. On July 1, 2021, Axos Clearing made a deposit to satisfy the deposit requirement . At June 30, 2020, the Company had a deposit requirement of $17.0 million and maintained a deposit of $15.2 million. On July 1, 2020, Axos Clearing made a deposit to satisfy the deposit requirement .

EMPLOYEE BENEFIT PLAN

EMPLOYEE BENEFIT PLAN	12 Months Ended
	Jun. 30, 2021
Compensation Related Costs [Abstract]
EMPLOYEE BENEFIT PLAN	EMPLOYEE BENEFIT PLANThe Company has two 401(k) plans whereby substantially all of its employees may participate in one of the plans. Employees may contribute up to 100% of their compensation subject to certain limits based on federal tax laws. The Company provides an employer matching contribution to each of the 401(k) plans based on an employee’s designated deferral of their eligible compensation. For the fiscal years ended June 30, 2021, 2020, and 2019, expenses attributable to the plans amounted to $2.4 million, $2.4 million, and $2.4 million, respectively.

PARENT-ONLY CONDENSED FINANCIAL

PARENT-ONLY CONDENSED FINANCIAL INFORMATION	12 Months Ended
	Jun. 30, 2021
Condensed Financial Information Disclosure [Abstract]
PARENT-ONLY CONDENSED FINANCIAL INFORMATION	PARENT-ONLY CONDENSED FINANCIAL INFORMATION The following tables present Axos Financial, Inc. (Parent company only) financial information and should be read in conjunction with the consolidated financial statements of the Company and the other notes to the consolidated financial statements. Adjustments to to investment in subsidiary, stockholders’ equity and equity in undistributed earnings of subsidiary have been made to eliminate an intercompany transaction between multiple subsidiaries and the Parent company. CONDENSED BALANCE SHEETS At June 30, (Dollars in thousands) 2021 2020 ASSETS Cash and due from banks $ 126,409 $ 23,130 Investment securities 14,985 14,038 Other assets 111,084 92,200 Investment in subsidiary 1,411,950 1,254,610 Total assets $ 1,664,428 $ 1,383,978 LIABILITIES AND STOCKHOLDERS’ EQUITY Borrowings, subordinated notes and debentures $ 185,158 $ 62,337 Accounts payable and accrued liabilities and other liabilities 78,334 90,795 Total liabilities 263,492 153,132 Stockholders’ equity 1,400,936 1,230,846 Total liabilities and stockholders’ equity $ 1,664,428 $ 1,383,978 STATEMENTS OF INCOME Year Ended June 30, (Dollars in thousands) 2021 2020 2019 Interest income $ 1,262 $ 619 $ 472 Interest expense 10,891 4,348 3,931 Net interest (expense) income (9,629) (3,729) (3,459) Net interest (expense) income, after provision for loan losses (9,629) (3,729) (3,459) Non-interest income (loss) 217 58 — Non-interest expense and tax benefit 1 4,360 11,903 15,143 Income (loss) before dividends from subsidiary and equity in undistributed income of subsidiary (13,772) (15,574) (18,602) Dividends from subsidiary 45,000 119,114 80,000 Equity in undistributed earnings of subsidiary 184,479 79,898 93,733 Net income $ 215,707 $ 183,438 $ 155,131 Comprehensive income $ 219,151 $ 182,485 $ 155,760 1 Includes tax benefits of $8,967, $5,152, and $10,749 for the years ended June 30, 2021, 2020, and 2019, respectively. Axos Financial, Inc. (Parent Company Only) STATEMENT OF CASH FLOWS Year Ended June 30, (Dollars in thousands) 2021 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 215,707 $ 183,438 $ 155,131 Adjustments to reconcile net income to net cash used in operating activities: Accretion of discounts on securities 48 26 — Amortization of borrowing costs 1,569 208 208 Amortization of operating lease right of use asset 9,197 9,079 — Stock-based compensation expense 20,685 21,935 23,439 Equity in undistributed earnings of subsidiary (184,479) (79,898) (93,733) Decrease (increase) in other assets (25,835) (79,227) (8,477) Increase (decrease) in other liabilities (14,550) 72,175 7,986 Net cash provided by operating activities 22,342 127,736 84,554 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of investment securities — (15,301) — Origination of loans and leases held for investment — — (844) Purchases of loans and leases, net of discounts and premiums — (59,391) — Proceeds from principal repayments on loans — 10 854 Purchases of furniture, equipment, software and intangibles (457) — — Investment in subsidiary (7,200) (10,130) (106,557) Net cash used in investing activities (7,657) (84,812) (106,547) CASH FLOWS FROM FINANCING ACTIVITIES: Tax payments related to the settlement of restricted stock units (10,648) (7,457) (9,916) Repurchase of treasury stock (16,757) (38,858) (56,437) Net (repayment) proceeds of other borrowings (51,000) — — Payments of debt issuance costs (2,748) — — Proceeds from issuance of subordinated notes 175,000 — 7,400 Redemption of preferred stock, Series A (5,150) — — Cash dividends on preferred stock (103) (386) (232) Net cash provided by (used in) financing activities 88,594 (46,701) (59,185) NET CHANGE IN CASH AND CASH EQUIVALENTS 103,279 (3,777) (81,178) CASH AND CASH EQUIVALENTS—Beginning of year 23,130 26,907 108,085 CASH AND CASH EQUIVALENTS—End of year $ 126,409 $ 23,130 $ 26,907

QUARTERLY FINANCIAL INFORMATION

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Jun. 30, 2021
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	QUARTERLY FINANCIAL INFORMATION (UNAUDITED) Quarters Ended in Fiscal Year 2021 (Dollars in thousands, except per share data) June 30, March 31, December 31, September 30, Interest and dividend income $ 156,921 $ 155,674 $ 155,379 $ 149,889 Interest expense 15,267 20,005 21,287 22,562 Net interest income 141,654 135,669 134,092 127,327 Provision for loan and lease losses 1,250 2,700 8,000 11,800 Net interest income after provision for loan and lease losses 140,404 132,969 126,092 115,527 Non-interest income 16,801 23,887 28,718 35,855 Non-interest expense 81,860 80,807 76,297 75,546 Income before income tax expense 75,345 76,049 78,513 75,836 Income tax expense 21,090 22,404 23,728 22,814 Net income $ 54,255 $ 53,645 $ 54,785 $ 53,022 Net income attributable to common stock $ 54,255 $ 53,645 $ 54,672 $ 52,945 Basic earnings per share $ 0.92 $ 0.91 $ 0.93 $ 0.89 Diluted earnings per share $ 0.90 $ 0.89 $ 0.91 $ 0.88 Quarters Ended in Fiscal Year 2020 (Dollars in thousands, except per share data) June 30, March 31, December 31, September 30, Interest and dividend income $ 144,143 $ 185,063 $ 147,288 $ 146,345 Interest expense 26,871 36,447 38,868 43,042 Net interest income 117,272 148,616 108,420 103,303 Provision for loan and lease losses 6,500 28,500 4,500 2,700 Net interest income after provision for loan and lease losses 110,772 120,116 103,920 100,603 Non-interest income 28,702 31,542 21,207 21,536 Non-interest expense 71,544 71,790 66,965 65,467 Income before income tax expense 67,930 79,868 58,162 56,672 Income tax expense 22,630 23,811 16,867 15,886 Net income $ 45,300 $ 56,057 $ 41,295 $ 40,786 Net income attributable to common stock $ 45,223 $ 55,980 $ 41,217 $ 40,709 Basic earnings per share $ 0.76 $ 0.92 $ 0.67 $ 0.66 Diluted earnings per share $ 0.75 $ 0.91 $ 0.67 $ 0.66

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING The operating segments reported below are the segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer in deciding how to allocate resources and in assessing performance. The Company operates through two operating segments: Banking Business and Securities Business. Banking Business. The Banking Business includes a broad range of banking services including online banking, concierge banking, prepaid card services, and mortgage, vehicle and unsecured lending through online and telephonic distribution channels to serve the needs of consumer and small businesses nationally. In addition, the Banking Business focuses on providing deposit products nationwide to industry verticals (e.g., Title and Escrow), cash management products to a variety of businesses, and commercial & industrial and commercial real estate lending to clients. The Banking Business also includes a bankruptcy trustee and fiduciary service that provides specialized software and consulting services to Chapter 7 bankruptcy and non-Chapter 7 trustees and fiduciaries. Securities Business. The Securities Business consists of two sets of products and services, securities services provided to third-party securities firms and investment management provided to consumers. Securities services includes fully disclosed clearing services through Axos Clearing to FINRA- and SEC-registered member firms for trade execution and clearance as well as back office services such as record keeping, trade reporting, accounting, general back-office support, securities and margin lending, reorganization assistance and custody of securities. Providing financing to our brokerage customers for their securities trading activities through margin loans that are collateralized by securities, cash, or other acceptable collateral. Securities lending activities that include borrowing and lending securities with other broker-dealers. These activities involve borrowing securities to cover short sales and to complete transactions in which clients have failed to deliver securities by the required settlement date, and lending securities to other broker dealers for similar purposes. Investment management includes our digital investment management business, which provides our retail customers with investment management services through a comprehensive and flexible technology platform. In order to reconcile the two segments to the consolidated totals, the Company includes parent-only activities and intercompany eliminations. The following tables present the operating results, goodwill, and assets of the segments: Year Ended June 30, 2021 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 527,760 $ 18,746 $ (7,764) $ 538,742 Provision for loan losses 23,750 — — 23,750 Non-interest income 79,150 27,627 (1,516) 105,261 Non-interest expense 254,596 48,095 11,819 314,510 Income (Loss) before income taxes $ 328,564 $ (1,722) $ (21,099) $ 305,743 Year Ended June 30, 2020 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 464,448 $ 16,630 $ (3,467) $ 477,611 Provision for loan losses 42,200 — — 42,200 Non-interest income 80,374 24,817 (2,204) 102,987 Non-interest expense 216,895 43,525 15,346 275,766 Income (Loss) before income taxes $ 285,727 $ (2,078) $ (21,017) $ 262,632 As of June 30, 2021 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 35,501 $ — $ 71,222 Total assets $ 12,745,029 $ 1,450,512 $ 70,024 $ 14,265,565 As of June 30, 2020 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 35,501 $ — $ 71,222 Total assets $ 13,018,814 $ 737,419 $ 95,667 $ 13,851,900

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENTOn August 2, 2021, the Company closed its acquisition of E*TRADE Advisor Services (“EAS”), the registered investment advisor (“RIA”) custody business Morgan Stanley acquired in its acquisition of E*TRADE Financial Corporation in 2020. EAS has been rebranded Axos Advisor Services and operates as the RIA custody business within Axos Clearing LLC. The $54.9 million cash purchase price was funded with existing capital.

ORGANIZATIONS AND SUMMARY OF _2

ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation . The consolidated financial statements include the accounts of Axos Financial, Inc. (“Axos”) and its wholly owned subsidiaries, Axos Bank (the “Bank”) and Axos Nevada Holding, LLC (“Axos Nevada Holding” and collectively, the “Company”). Axos Nevada Holding, LLC wholly owns the companies constituting the Securities Business segment. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates . In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, credit losses on available for sale debt securities and the fair value of certain financial instruments.
Revenue Recognition	Revenue Recognition. On July 1, 2018, the Company adopted ASU 2014-09, “Revenue from Contracts with Customers” and all subsequent amendments that modified ASU 2014-09 (collectively, “ASC 606”). ASC 606 provides that an entity shall recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. ASC 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain non-interest income streams, such as gain or loss associated with mortgage servicing rights, financial guarantees, derivatives and income from bank owned life insurance are not within the scope of the new guidance. Certain non-interest income, such as deposit service fees and broker-dealer clearing fees, is within the scope of ASC 606. Deposit Service Fees. Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied and related revenue recognized, when incurred. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Fees, Exchange, and Other Service Charges. Fees, exchange, and other service charges are primarily comprised of debit and credit card income, ATM fees, merchant services income, and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Visa. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Broker dealer clearing fees. The Company earns revenues for executing, settling and clearing securities transactions for other broker-dealers on a fully disclosed basis. Trade execution and clearing services, when provided together, represent a single performance obligation as the services are not separately identifiable in the context of the contract. Revenues associated with combined trade execution and clearing services, as well as trade execution services on a standalone basis, are recognized at a point in time on trade-date. The Company believes that the performance obligation is satisfied on the trade date because that is when the underlying security or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to/from the customer. The Company also earns revenues for custody services which are separately identifiable and represent a distinct performance obligation which is recognized over time as the customer simultaneously receives and consumes the benefits. Certain clearing or custody related fees represent a modification of the original contract as they are distinct services. All trade and execution services are priced at their standalone selling price. Clearing and other fees are generally deducted from the introducing brokers’ commissions on a monthly basis. Bankruptcy Trustee and Fiduciary Service Fees. Bankruptcy Trustee and Fiduciary Service income is primarily comprised of fees earned from the Monthly Basis Point Fee and Bank Account Service Charge. The products and services provided to the Trustee also indirectly provide additional deposits to the other banks. One of the uses of the increased deposits by the other banks is to fund the fees paid. The performance obligation is satisfied when the deposits are increased (or decreased) at the end of each month. The expected value method will be used to calculate and record the estimated revenue at the beginning of each month with a subsequent reconciliation to actual at the end of each month. Contract Balances. A contract asset or receivable is recognized if the Company performs a service or transfers a good in advance of receiving consideration. A contract liability is recognized if the Company receives consideration (or has the unconditional right to receive consideration) in advance of performance. As of June 30, 2021 and 2020, respectively, the Company’s contract assets and liabilities were not considered material. Contract Acquisition Costs. The Company uses the practical expedient to expense contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in less than one year. Other. Income from bank owned life insurance is accounted for in accordance with ASC 325, Investments - Other. Lending related income includes fees earned from gains or losses on the sale of loans, SBA income, and letter of credit fees. Gains and losses on the sale of loans and SBA income are recognized pursuant to ASC 860, Transfers and Servicing. Fees related to standby letters of credit are accounted for in accordance with ASC 440, Commitments. Net gain or loss on sales / valuations of repossessed and other assets is presented as a component of non-interest expense but may also be presented as a component of non-interest income in the event that a net gain is recognized. Net gain or loss on sales of repossessed and other assets are accounted for in accordance with ASC 610, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets.
Cash and Cash Equivalents and Cash segregated for regulatory purposes	Cash and Cash Equivalents . The Bank’s cash, due from banks, money market mutual funds and federal funds sold, all of which have original maturities within 90 days, consist of cash and cash equivalents. Net cash flows are reported for customer deposit transactions. Cash segregated for regulatory purposes . The Board of Governors of the Federal Reserve System (“the Federal Reserve”) regulations require depository institutions to maintain certain minimum reserve balances. Included within this are cash balances required by the Federal Reserve Bank of San Francisco (“FRBSF”) of the Bank. In addition, this line item includes qualified deposits in special reserve bank accounts for the exclusive benefit of Axos Clearing customers in accordance with Rule 15c3-3 of the Securities Exchange Act of 1934 (the “Exchange Act”) and other regulations.
Securities	Securities . The Company classifies securities at the time of purchase depending on intent. Debt securities are classified as held-to-maturity and carried at amortized cost when management has both the positive intent and ability to hold them to maturity. Debt securities are classified as available-for-sale when they might be sold before maturity. Securities available-for-sale are reported at estimated fair value, with unrealized gains and losses, net of the related tax effects, excluded from operations and reported as a separate component of accumulated other comprehensive income or loss. Trading securities refer to certain types of assets that banks hold for resale at a profit or when the Company elects to account for certain securities at fair value. Increases or decreases in the fair value of trading securities are recognized in earnings as they occur.
Loans	Loans . Loans that are held for investment are loans that management has the intent and ability to hold for the foreseeable future or until maturity are reported at the principal balance outstanding, net of unearned interest, deferred purchase premiums and discounts, deferred loan and lease origination fees and costs, and an allowance for credit loss - loans. Interest income is accrued on the unpaid principal balance. Premiums and discounts on loans purchased as well as loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method. As a result of the change from adopting Accounting Standards Update (“ASU”) 2016-13, “Measurement of Credit Losses on Financial Instruments” and all subsequent amendments that modified ASU 2016-13 (collectively, “ASC 326”) on July 1, 2020, the Company updated categorization of the loan portfolio. Single Family - Mortgage & Warehouse. The Single Family Real Estate portfolio primarily consists of two loan types: single family mortgage loans and single family warehouse lines of credit. The single family mortgage loans consist of fixed-rate and adjustable-rate loans secured by one-to-four family residences located in the U.S. The Company’s lending policies generally limit the maximum LTV ratio on one-to-four family loans to 80% of the lesser of the appraised value or the purchase price, plus pledged collateral. Terms of maturity typically range from 15 to 30 years. The Company attempts to mitigate residential lending risks by adhering to its underwriting policies in evaluating the collateral and the credit-worthiness of the borrower. The Company also originates home equity lines of credit and second mortgage loans. Single family warehouse lines of credit consist of short-term, secured advances to mortgage bankers on a revolving basis. These facilities enable the mortgage originators to close loans in their own names and temporarily finance inventories of closed mortgage loans until they can be sold to an approved investor. The Company attempts to mitigate residential lending risks by adhering to its underwriting policies in evaluating the collateral and the credit-worthiness of the borrower. Mortgage loans aged on a mortgage banking customer’s line longer than 60 days are investigated by the Bank, which can require the borrower to pay down the line. Multifamily and Commercial Mortgage. The Company originates loans secured by multifamily real estate (more than four units) and small balance commercial real estate (typically from $0.5 million to $10 million). These loans involve a greater degree of risk than one-to-four family residential mortgage loans as these loans can be greater in amount, dependent on the cash flow capacity of the project, and may be more difficult to evaluate and monitor. Repayment of loans secured by properties frequently depends on the successful operation and management of the properties. Consequently, repayment of such loans may be affected by adverse conditions in the real estate market or economy. The Company attempts to mitigate these risks by monitoring the LTV and minimum debt service coverage ratios, in addition to thoroughly evaluating the global financial condition of the borrower, the management experience of the borrower, and the quality of the collateral property securing the loan. Commercial Real Estate. The Company originates loans across the U.S. secured by commercial real estate properties (“CRE”) under a variety of structures that it classifies as commercial real estate. A few examples are as follows: Commercial Bridge to Sale, Commercial Bridge to Construction, Commercial Bridge to Refinance and Acquisition, Development, and Construction. CRE Loans are originated to businesses secured by first liens on single family, multifamily, condominium, office, retail, mixed-use, hospitality, undeveloped or to-be-redeveloped land or small business loans. Repayment of CRE loans depends on the successful completion of the real estate transition project and permanent take-out. The Company attempts to mitigate risk by adhering to its underwriting policies in evaluating the collateral and the credit-worthiness of borrowers and guarantors. Commercial & Industrial - Non-Real Estate (Non-RE). Comprising the majority of this portfolio are commercial and industrial non-real estate, asset-backed loans, lines of credit and term loans made to commercial borrowers secured by commercial assets, including, but not limited to, receivables, inventory and equipment. The Company typically reduces it exposure in these loans by entering into a structured facility, under which the Company takes a senior lien position collateralized by the underlying assets at advance rates well inside the collateral value. Commercial and industrial leases comprise the remainder of this portfolio and are primarily made based on the operating cash flows of the borrower or conversion of working capital assets to cash and secondarily on the underlying collateral provided by the borrower. The Company assesses whether each lease arrangement qualifies as a sale under ASC 606. The Company has determined that the equipment financing lease arrangements do not qualify as a sale as the buyer lessors do not obtain control of the assets in the Company’s ongoing sale leaseback arrangements. Therefore, the leased equipment is not capitalized on the balance sheet. Although commercial and industrial loans and leases are often collateralized directly or indirectly by equipment, inventory, accounts or loans receivable or other business assets, the liquidation of collateral in the event of a borrower default may be an insufficient source of repayment because accounts or loans receivable may be uncollectible and inventories and equipment may be obsolete or of limited use. The Company attempts to mitigate these risks through the structuring of these lending products, adhering to its underwriting policies in evaluating the management of the business and the credit-worthiness of borrowers and guarantors. Auto and Consumer. This segment consists of the following distinct classes: Auto. The Company originates prime loans to customers secured by new and used vehicles. The Company holds all of the auto loans originated and performs loan servicing functions for these loans. Auto loans carry a fixed interest rate and have terms that range from two Consumer Unsecured Lending. The Company originates fixed rate unsecured loans to individual borrowers in all fifty states. Loans are normally in the range between $5,000 and $50,000 with terms that range between twelve Other. The Company originates other loans, which include structured settlements, Small Business Administration (“SBA”) consumer loans and refund advance loans. Structured settlements are originated through the wholesale and retail purchase of state lottery prize and structured settlement annuities. These annuities are high credit quality deferred payment receivables having a state lottery commission or primarily highly rated insurance company payor. Purchases of state lottery prize or structured settlement annuities are governed by specific state statutes requiring judicial approval of each transaction. No transaction is funded before an order approving such transaction has been entered by a court of competent jurisdiction. The Company attempts to mitigate these risks by adhering to its underwriting policies in evaluating the credit-worthiness of the state or insurer. The Bank exclusively originated and funded all of H&R Block’s interest-free Refund Advance loans for the 2019 tax season. Repayment of the Refund Advance loan is deducted from the client’s tax refund proceeds; if an insufficient refund to repay the Refund Advance loan is received, there is no recourse to the client, no negative credit reporting occurs in respect of the client and no collection efforts are made against the client. Federal Paycheck Protection Program (“PPP”) loans made by the Bank under the Federal Coronavirus Aid, Relief and Economic Security Act (“CARES”) Act are guaranteed by the Small Business Administration (“SBA”) and, if the loan funds are used by the borrower for specific purposes as provided under the PPP, may be fully or partially forgiven by the SBA at which time, the Bank will receive funds related to the PPP loan forgiveness directly from the SBA. Because of the underwriting policies and SBA guarantee, the Company does not expect any probable incurred credit losses and has provided a de minimis amount of allowance for credit losses. Recognition of interest income on all portfolio segments is generally discontinued at the time the loan is 90 days delinquent unless the loan is well secured and in process of collection. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not received for loans placed on nonaccrual, is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Loans Held for Sale	Loans Held for Sale . Loans held for sale includes agency loans and non-agency loans held for sale. Agency loans originated and intended for sale in the secondary market are carried at fair value. Net unrealized gains and losses are recognized through mortgage banking income in the income statement. The Bank sells its mortgage loans with either servicing released or servicing retained depending upon market pricing. Gains and losses on loan sales are recorded as mortgage banking income or other gains on sale, based on the difference between sales proceeds and carrying value. Non-agency loans held for sale are carried at the lower of cost or fair value. The Company has elected the fair value option for Agency loans held for sale. These loans are intended for sale and the Company believes that the fair value is the best indicator of the resolution of these loans. Interest income is recorded based on the contractual terms of the loan and in accordance with the Company’s policy on loans held for investment. Loans that were originated with the intent and ability to hold for the foreseeable future (loans held for investment) but which have been subsequently designated as being held for sale for risk management or liquidity needs are carried at the lower of cost or fair value calculated using pools of loans with similar characteristics. There may be times when loans have been classified as held for sale and cannot be sold. Loans transferred to a long-term investment classification from held-for-sale are transferred at the lower of cost or fair value on the transfer date. Any difference between the carrying amount of the loan and its outstanding principal balance is recognized as an adjustment to yield by the interest method. A loan cannot be classified as a long-term investment unless the Bank has both the ability and the intent to hold the loan for the foreseeable future or until maturity.
Allowance for Credit Losses	Allowance for Credit Losses. The allowance for credit losses (“ACL”) is a valuation account that offsets the amortized cost basis of loans and net investment in leases. Under ASC 326, amortized cost is the basis on which the ACL is determined. Amortized cost is principal outstanding, net of any purchase premiums and discounts and net of any deferred loan fees and costs. Credit losses are charged off when the Company believes that collectability of at least some portion of outstanding principal is unlikely. These charge-offs are recorded as a reversal, thereby reducing, the allowance for credit losses. Recoveries on loans previously charged off are recorded as a provision to, thereby increasing, the allowance for credit losses. The allowance for credit losses is maintained at a level needed to absorb expected credit losses over the contractual life, considering the effects of prepayments, of the loan portfolio as of the reporting date. Determining the adequacy of the allowance is complex and requires judgment by Management about the effect of matters that are inherently uncertain. As such, a future assessment of current conditions may require material adjustments to the allowance. The Company’s process for determining expected life-time credit losses entails a portfolio, model-based approach utilizing loan level detail and requires consideration of a broad range of relevant information relating to historical loss experience, current economic conditions and reasonable and supportable forecasts. A credit loss is estimated for all loans. Consequently, the Company stratifies the full loan population into segments sharing similar characteristics to perform the evaluation of the credit loss collectively. The Company defines a segment as the level at which the Company develops a systematic methodology to determine the allowance for credit losses. Additionally, the Company can further stratify loans of similar type, risk attributes and methods for monitoring credit risk. The Company categorizes the loan portfolio into six segments: Single Family - Mortgage & Warehouse, Multifamily and Commercial Mortgage, Commercial Real Estate, Commercial & Industrial - Non Real Estate, Auto & Consumer and Other. Refer to detail above within this Note under Loans . The method for estimating expected life-time credit losses includes, among other things, the following main components: 1) The use of a probability of default (“PD”)/loss given default (“LGD”) model; 2) defining a number of economic scenarios across the benign to adverse spectrum; 3) a reasonable forecast period of 12 months for all loan segments; and 4) a reversion period of 18 months using a linear transition to historical loss rates for each loan pool. After the reversion period, the historical loss rate is applied over the remaining contractual life of loan. Reasonable forecast periods and reversion periods are subject to periodic review and may be adjusted based on the Company’s view of current economic conditions. Given the inherent limitations of a solely quantitative model, qualitative adjustments are included to arrive at the ending calculated loss amount in order to account for data points not captured from quantitative inputs alone. Qualitative criteria we consider includes, among other things, the following: • Regulatory and Legal - matters that may impact the timeliness and/or amounts of repayments; • Concentration - portfolio composition and loan concentration; • Collateral Dependency - changes in collateral values; • Lending/Underwriting Standards - current lending policies and the effects of any new policies; • Nature and Volume - loan production volume and mix; • Loan Trends - credit performance trends, including a borrower’s financial condition and credit rating. Specifically, Management reviews whether the model reflects the appropriate level of PD and LGD, given the macroeconomic forecasts used as compared to the Company’s loan portfolio. Management determines the adequacy of the allowance based on reviews of individual loans, recent loss experience, current economic conditions, expectations about future economic conditions, the risk characteristics of the various categories of loans and other pertinent factors. If, based on Management’s evaluation, macroeconomic factors do not capture Management’s assumption regarding collateral values (LGD) and defaults (PD), Management will apply additional qualitative overlays to the loan portfolio. This evaluation is inherently subjective and requires estimates that are susceptible to significant revision as more information becomes available. Prior to July 1, 2020, the entire allowance for credit losses for each portfolio class was a valuation allowance for probable losses existing in the loan portfolio. Under the prior methodology, the quantitative analysis determined was based on the Bank’s actual annual historic charge-off rates for the previous three fiscal years and applies the average historic rates to the outstanding loan and lease balances in each pool, the product of which is the general reserve amount. The qualitative analysis considered one or more of the following factors: changes in lending policies and procedures, changes in economic conditions, changes in the content of the portfolio, changes in lending management, changes in the volume of delinquency rates, changes to the scope of the loan and lease review system, changes in the underlying collateral of the loans and leases, changes in credit concentrations and any changes in the requirements to the credit loss calculations. When specific loan impairment analysis is performed under ASC 310-10, the impairment was either recorded as a charge-off to the loan allowance or, if such loan was a TDR, the impairment is recorded as a specific loan loss allowance. Accrued Interest . Accrued interest receivable is excluded from amortized cost and is presented separately in “Other Assets” on the Consolidated Balance Sheets. Additionally, the Company does not estimate an allowance for credit losses on accrued interest receivable as the Company has a policy to charge off accrued interest deemed uncollectible in a timely manner. When a loan is placed on non-accrual status, which occurs when a borrower becomes delinquent by 90 days, interest previously accrued but not collected is reversed against current period interest income. Individually Assessed Loans. Credit loss is estimated for any individual loan on a collective basis, unless an individual loan’s credit characteristics has deteriorated below a range of the overall group, in which case the loan would then be individually assessed. Individually assessed loans are measured for credit loss based on present value of future expected cash flows, discounted at the loan’s effective interest rate or the fair value of the collateral, less estimated selling costs, if the loan is collateral-dependent. Available-for-Sale Debt Securities. Unrealized credit losses will be recognized through an allowance for credit losses instead of an adjustment to amortized cost basis, eliminating the other-than-temporary impairment concept. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not, that it will be required to sell the security before recovery of its amortized cost basis. If either criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through earnings. For available-for-sale debt securities that do not meet the above conditions, the Company evaluates at the individual security level whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, Management considers the extent to which fair value is less than amortized cost and unfavorable conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recognized for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. All other changes in fair value of the security that have not been recognized through an allowance for credit losses are recognized in other comprehensive income. Changes in the allowance for credit losses, if any, are recognized as a provision for (or reversal of) credit losses. Losses are charged against the allowance when management believes an available-for-sale investment security is uncollectible or when either of the criteria regarding intent or requirement to sell is met. Loan Commitments.
Leases, Lessee	Leases. On July 1, 2019, the Company adopted Accounting Standards Update (“ASU”) 2016-02, “Leases” (ASC 842), using the modified retrospective transition approach. ASC 842 requires lessees to recognize operating leases on the balance sheet as right-of-use assets and lease liabilities based on the value of the discounted future lease payments. The Company elected to retain prior determinations of whether an existing contract contains a lease and how the lease should be classified. Upon adoption, the Company recognized right-of-use assets of $77.8 million and lease liabilities of $79.7 million. The Company made an accounting policy election not to separate lease and non-lease components of a contract that is or contains a lease for its real estate and equipment leases. As such, lease payments represent payments on both lease and non-lease components. At lease commencement, lease liabilities are recognized based on the present value of the remaining lease payments and discounted using the Company’s incremental borrowing rate, which is a blended rate comprised of the FHLB term rate and the Company’s subordinated debt rate. Right-of-use assets initially equal the lease liability, adjusted for any lease payments made prior to lease commencement and for any lease incentives. Lessee Arrangements. Substantially all of the Company’s lessee arrangements are operating leases. Under these arrangements, the Company records right-of-use assets and lease liabilities at lease commencement. Right-of-use assets are reported in other assets on the June 30, 2020 Consolidated Balance Sheet, and the related lease liabilities are reported in accounts payable and accrued liabilities and other liabilities. All leases are recorded on the Consolidated Balance Sheet except leases with an initial term less than 12 months for which the Company made the short-term lease election. Lease expense is recognized on a straight-line basis over the lease term and is recorded in occupancy and equipment expense in the Consolidated Statements of Income.
Leases, Lessor	Lessor Arrangements. The Company provides equipment financing to its customers through a variety of lessor arrangements. Direct financing leases and sales-type leases are carried at the aggregate of lease payments receivable plus the
Mortgage Servicing Rights	Mortgage Servicing Rights . Mortgage servicing assets are recognized when rights are retained upon sale of loans. The Company measures its servicing asset using the fair value method. Under the fair value method, the servicing rights are included on the consolidated balance sheet at fair value. The changes in fair value are reported in earnings in the period in which the changes occur and the adjustments are included in Non-Interest Income - Mortgage banking income in the Consolidated Statements of Income.
Mortgage Banking Derivatives	Mortgage Banking Derivatives . Commitments to fund mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of these mortgage loans are accounted for as free standing derivatives. Fair values of these mortgage derivatives are estimated based on changes in mortgage interest rates from the date the interest on the loan is locked. The Company enters into forward commitments for the future delivery of mortgage loans when interest rate locks are entered into, in order to hedge the change in interest rates resulting from its commitments to fund the loans. Changes in the fair values of these derivatives are included in mortgage banking income.
Furniture, Equipment and Software	Furniture, Equipment and Software . Fixed assets are stated at cost less accumulated depreciation and amortization computed three
Income Taxes	Income Taxes. Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred income tax assets and liabilities are determined using the asset and liability method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. The Company records a valuation allowance when management believes it is more likely than not that deferred tax assets will not be realized. An income tax position will be recognized as a benefit only if it is more likely than not that it will be sustained upon IRS examination, based upon its technical merits. Once that status is met, the amount recorded will be the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company recognizes interest and/or penalties related to income tax matters in income tax expense.
Securities Borrowed and Securities Loaned	Securities Borrowed and Securities Loaned . Securities borrowed and securities loaned transactions are reported as collateralized financings and recorded at the amount of cash collateral advanced or received. Securities borrowed transactions require the Company to deposit cash with the lender. With respect to securities loaned, the Company receives collateral in the form of cash in an amount in excess of the fair value of securities loaned. The Company monitors the fair value of securities borrowed and loaned on a daily basis, with additional collateral obtained or refunded, as necessary.
Customer, Broker-Dealer and Clearing Receivables and Payables	Customer, Broker-Dealer and Clearing Receivables and Payables . Customer, broker-dealer and clearing receivables include receivables of the Company’s broker-dealer subsidiaries, which represent amounts due on cash and margin transactions and are generally collateralized by securities owned by clients. These receivables, primarily consisting of floating-rate loans collateralized by customer-owned securities, are charged interest at rates similar to other such loans made throughout the industry. The receivables are reported at their outstanding principal balance net of allowance for doubtful accounts. When a receivable is considered to be impaired, the amount of the impairment is generally measured based on the fair value of the securities acting as collateral, which is measured based on current prices from independent sources, such as listed market prices or broker-dealer price quotations. Securities owned by customers, including those that collateralize margin or other similar transactions, are not reflected in the balance sheet. Also included in these accounts are receivables and payables from brokers and dealers and clearing organizations as well as securities failed to deliver and receive.
Business Combinations	Business Combinations. Mergers and acquisitions are accounted for using the acquisition method of accounting. Assets and liabilities acquired and assumed are recorded at their fair values as of the date of the transaction. The excess of
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets . Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. Other intangible assets represent purchased assets that lack physical substance but can be distinguished from goodwill because of contractual or other legal rights. Intangible assets that have finite lives, such as core deposit intangibles, are amortized over their estimated useful lives and subject to periodic impairment testing. Intangible assets (other than goodwill) are amortized to depreciation and amortization expense, a component of non-interest expense on the consolidated statements of income, using accelerated or straight-line methods over their respective estimated useful lives. Goodwill is subject to impairment testing at the reporting unit level, which is conducted at least annually. The Company performs impairment testing during the third quarter of each year or when events or changes in circumstances indicate the assets might be impaired. The Company performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing updated qualitative factors, the Company determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, it does perform a quantitative goodwill impairment test. Determining the fair value of a reporting unit is judgmental and often involves the use of significant estimates and assumptions. Similarly, estimates and assumptions are used in determining the fair value of other intangible assets. Estimates of fair value are primarily determined using discounted cash flows, market comparisons and recent transactions. These approaches use significant estimates and assumptions including projected future cash flows, discount rates reflecting the market rate of return, projected growth rates and determination and evaluation of appropriate market comparable. Future events could cause the Company to conclude that goodwill or other intangibles have become impaired, which would result in recording an impairment loss. Any resulting impairment loss could have a material adverse impact on the Company’s financial condition and results of operations.
Earnings per Common Share	Earnings per Common Share . Earnings per common share (“EPS”) are presented under two formats: basic EPS and diluted EPS. Basic EPS is computed by dividing the net income attributable to common stock (net income after deducting dividends on preferred stock) by the sum of the weighted-average number of common shares outstanding during the year and the unvested average of participating restricted stock units (“RSU”). Diluted EPS is computed by dividing the sum of net income attributable to common stock and dividends on diluted preferred stock by the sum of the weighted-average number of common shares outstanding during the year and the impact of dilutive potential common shares, such as nonparticipating RSUs, stock options and convertible preferred stock. On October 30, 2020, the Company redeemed all 515 outstanding shares of its Series A - 6% Cumulative Nonparticipating Perpetual Preferred Stock. The Company accounts for unvested stock-based compensation awards containing non-forfeitable rights to dividends or dividend equivalents (collectively, “dividends”) as participating securities and includes the awards in the EPS calculation using the two-class method. The Company has granted restricted stock units under the 2004 Plan to certain directors and employees, which entitle the recipients to receive non-forfeitable dividends during the vesting period on a basis equivalent to the dividends paid to holders of common stock. These unvested awards meet the definition of participating securities. Under the two class method, all earnings (distributed and undistributed) are allocated to each class of common stock and participating securities, based on their respective rights to receive dividends. Under the 2014 Plan, restricted stock units have no shareholder rights, meaning they are not entitled to dividends and are considered nonparticipating. These nonparticipating restricted stock units are not included in the basic earnings per common share calculation and are included in the diluted earnings per common share calculation using the treasury stock method.
Stock-Based Compensation	Stock-Based Compensation . Compensation cost is recognized for stock options and restricted stock unit awards issued to employees, based on the fair value of these awards at the date of grant. A Black–Scholes model is utilized to estimate fair value of the stock options, while market price of the Company’s common stock at the date of grant is used for restricted stock unit awards. The Company has certain share awards that include market conditions that affect vesting. The fair value of these awards is estimated using a Monte Carlo simulation. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with only a service condition that have a graded vesting schedule, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. For awards that contain a market condition and have a graded vesting schedule compensation cost is recognized using an accelerated attribution method over the requisite service period for the awards. The Company accounts for forfeitures by recognizing forfeitures when they occur.
Stock of Regulatory Agencies	Stock of Regulatory Agencies . The Bank is a member of the Federal Home Loan Bank (“FHLB”) system. Members are required to own a certain amount of FHLB stock based on the level of borrowings and other factors. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value.
Low Income Housing Tax Credits	Low Income Housing Tax Credits (“LIHTC”) .
Cash Surrender Value of Life Insurance	Cash Surrender Value of Life Insurance. The Bank has purchased life insurance policies on certain key executives. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other amounts due that are probable at settlement. Cash surrender value of life insurance is included in the other assets line on the consolidated balance sheet. Changes to the cash surrender value are recorded within banking and service fees which is a component of non-interest expense on the consolidated statements of income.
Comprehensive Income	Comprehensive Income . Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available-for-sale, which are also recognized as separate components of equity. The method for determining the cost basis of securities sold or reclassed out of other comprehensive income into earnings is based on the value of the specific security and any previously recognized gain or loss associated with that specific security.
Reclassification of Prior Year Presentation	Reclassification of Prior Year Presentation . Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. An adjustment has been made to the Parent Only Condensed Financial Information footnote, Consolidated Statements of Cash Flows for fiscal year ended June 30, 2020, to identify the amortization of operating lease right of use asset of $9.1 million. This change in classification does not affect previously reported cash flows from operating activities in the Parent Only Condensed Financial Information footnote, Consolidated Statements of Cash Flows.
New Accounting Standards	New Accounting Standards Accounting Standards Adopted During Fiscal 2021 Financial Instruments. Credit Losses . On July 1, 2020, the Company adopted ASC 326. The update replaces incurred loss models based on the probable recognition threshold with a current expected credit loss model to estimate all credit losses over the contractual life for financial instruments carried at amortized cost and certain off-balance sheet credit exposures, such as loan commitments. The new model requires consideration of a broader range of relevant information, such as historical loss experience, current economic conditions and reasonable and supportable forecasts. The change will generally result in earlier, accelerated loss recognition. For available-for-sale debt securities, unrealized credit losses will be recognized through an allowance for credit losses rather than as adjustment to amortized cost basis, eliminating the other-than-temporary impairment concept. No credit loss adjustment on available-for-sale debt securities resulted upon adoption of ASC 326. The Company adopted this standard using the modified retrospective transition method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Prior period amounts are not retroactively adjusted. A prospective transition approach is required for debt securities for which an other-than-temporary impairment had been recognized before the effective date. Accounting Standards Issued But Not Yet Adopted In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740)—Simplifying the Accounting for Income Taxes. The amendments in ASU 2019-12 are intended to reduce the cost and complexity of applying ASC 740. The amendments that are applicable to the Company address: 1) franchise and other taxes partially based on income; 2) step-up in basis of goodwill in a business combination; 3) allocation of tax expense in separate entity financial statements; and 4) interim recognition of enactment of tax laws or rate changes. The amendments to Topic 740 are effective for interim and annual reporting periods beginning after December 15, 2020. The Company is evaluating the impact of ASU 2019-12 on the Company’s consolidated financial statements, but it does not expect the adoption to have a material impact. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848)—Facilitation of the Effects of Reference Rate Reform on Financial Reporting, and the subsequent January 2021 clarification ASU 2021-04, Reference Rate Reform (Topic 848)—Scope, provide guidance to alleviate the burden in accounting for reference rate reform by allowing certain expedients and exceptions in applying generally accepted accounting principles to contracts, hedging relationships, and other transactions impacted by reference rate reform. The provisions apply only to those transactions that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. Adoption of the provisions are optional and are effective from March 12, 2020 through December 31, 2022. The Company is evaluating the impact on the Company’s consolidated financial statements, but it does not expect the adoption to have a material impact.
Fair Value Measurement	Fair value is defined as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC Topic 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices in active markets for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets include securities with quoted prices that are traded less frequently than exchange-traded instruments and whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models such as discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. When available, the Company generally uses quoted market prices to determine fair value. In some cases where a market price is available, the Company will make use of acceptable practical expedients (such as matrix pricing) to calculate fair value, in which case the items are classified in Level 2. The Company considers relevant and observable market prices in its valuations where possible. The frequency of transactions, the size of the bid-ask spread and the nature of the participants are some of the factors the Company uses to help determine whether a market is active and orderly or inactive and not orderly. Price quotes based upon transactions that are not orderly are not considered to be determinative of fair value and are given little, if any, weight in measuring fair value. If quoted market prices are not available, fair value is based upon internally developed valuation techniques that use, where possible, current market-based or independently sourced market parameters, such as interest rates, credit spreads, housing value forecasts, etc. Items valued using such internally generated valuation techniques are classified according to the lowest level input or value driver that is significant to the valuation. Thus, an item may be classified in Level 3 even though there may be some significant inputs that are readily observable.
Fair Value of Financial Instruments	The following section describes the valuation methodologies used by the Company to measure various financial instruments at fair value, including an indication of the level in the fair-value hierarchy in which each instrument is generally classified: Securities—trading and available-for-sale . Trading securities are recorded at fair value. Available-for-sale securities are recorded at fair value and consist of mortgage-backed securities (“MBS”) issued by U.S. government-backed or government-sponsored enterprises including Fannie Mae, Freddie Mac and Ginnie Mae (“agency”), MBS issued by non-agencies, municipal securities as well as other Non-MBS securities. Fair value for agency securities and municipal securities are generally based on quoted market prices of similar securities used to form a dealer quote or a pricing matrix. There continues to be significant illiquidity in the market for MBS issued by non-agencies, impacting the availability and reliability of transparent pricing. As orderly quoted market prices are not available, the Level 3 fair values for these securities are determined by the Company utilizing industry-standard tools to calculate the net present value of the expected cash flows available to the securities from the underlying mortgage assets. The Company computes Level 3 fair values for each non-agency MBS in the same manner (as described below) whether available-for-sale or held-to-maturity. To determine the performance of the underlying mortgage loan pools, the Company estimates prepayments, defaults, and loss severities based on a number of macroeconomic factors, including housing price changes, unemployment rates, interest rates and borrower attributes such as credit score and loan documentation at the time of origination. The Company inputs for each security a projection of monthly default rates, loss severity rates and voluntary prepayment rates for the underlying mortgages for the remaining life of the security to determine the expected cash flows. The projections of default rates are derived by the Company from the historic default rate observed in the pool of loans collateralizing the security, increased by and decreased by the forecasted increase or decrease in the national unemployment rate. The projections of loss severity rates are derived by the Company from the historic loss severity rate observed in the pool of loans, increased by or decreased by the forecasted increase or decrease in the national home price appreciation (“HPA”) index. The largest factors influencing the Company’s modeling of the monthly default rate are unemployment and HPA, as a strong correlation exists. The most updated unemployment rate reported in June 2021 was 5.9%. Consensus estimates for unemployment are that the rate will continue to decrease. The Company agrees with consensus estimates and thus is projecting lower monthly default rates. The Company projects that severities will continue to improve as HPA improves. To determine the discount rates used to compute the present value of the expected cash flows for these non-agency MBS securities, the Company separates the securities by the borrower characteristics in the underlying pool. Specifically, “prime” securities generally have borrowers with higher FICO scores and better documentation of income. “Alt-A” securities generally have borrowers with a lower FICO and less documentation of income. “Pay-option ARMs” are Alt-A securities with borrowers that tend to pay the least amount of principal (or increase their loan balance through negative amortization). The Company calculates separate discount rates for prime, Alt-A and Pay-option ARM non-agency MBS securities using market-participant assumptions for risk, capital and return on equity. The range of annual default rates used in the Company’s projections at June 30, 2021 are from 0.0% up to 5.6%. The range of loss severity rates applied to each default used in the Company’s projections at June 30, 2021 are from 0.0% up to 100.0% based upon individual bond historical performance. The default rates and the severities are projected for every non-agency MBS security held by the Company and will vary monthly based upon the actual performance of the security and the macroeconomic factors discussed above. Based upon the actual performance of the underlying collateral, the securities’ credit enhancement will be impacted. The range of existing credit enhancement is from 0.0% to 93.4%, with a weighted average credit enhancement 18.4%. The Company applies its discount rates to the projected monthly cash flows, which already reflect the full impact of all forecasted losses using the assumptions described above. When calculating present value of the expected cash flows at June 30, 2021, the Company computed its discount rates as a spread between 274 and 720 basis points over the LIBOR Index using the LIBOR forward curve. The Bank’s estimate of fair value for non-agency securities using Level 3 pricing is highly subjective and is based on the Bank’s estimate of voluntary prepayments, default rates, severities and discount margins, which are forecasted monthly over the remaining life of each security. Changes in one or more of these assumptions can cause a significant change in the estimated fair value. For further details see the table later in this note that summarizes quantitative information about level 3 fair value measurements. Loans Held for Sale . Loans held for sale at fair value are primarily single-family residential loans. The fair value of residential loans held for sale is determined by pricing for comparable assets or by existing forward sales commitment prices with investors. Other Real Estate Owned and Repossessed Vehicles . Fair values are generally based on third party appraisals of the property, resulting in a Level 3 classification. In cases where the carrying amount exceeds the fair value, less costs to sell, an impairment loss is recognized. Mortgage Servicing Rights . Fair value is derived from market-driven valuation changes as well as modeled amortization involving the run-off of value that occurs due to the passage of time as individual loans are paid by borrowers. Market expectations about loan duration, and correspondingly the expected term of future servicing cash flows, may vary from time to time due to changes in expected prepayment activity, especially when interest rates rise or fall. Market expectations of increased loan prepayment speeds may negatively impact the fair value of the single family MSRs. Fair value is also dependent on the discount rate used in calculating present value, which is input from observable market activity, market participants, and results in Level 3 classification. Management reviews and adjusts the discount rate on an ongoing basis. An increase in the discount rate would reduce the estimated fair value of the MSRs asset. Mortgage Banking Derivatives . The fair value of interest rate locks is estimated based on changes in to be announced (“TBA”) values which are based upon mortgage interest rates from the date the interest on the loan is locked, adjusted for items such as estimated fallout and costs to originate the loan. The fair value of forward sale commitments is based upon prices in active secondary markets for identical securities or based on quoted market prices of similar assets used to form a dealer quote or a pricing matrix. If no such quoted price exists, the fair value of a commitment is determined by quoted prices for a similar commitment or commitments, adjusted for the specific attributes of each commitment.
Credit Quality Indicators	Credit Quality Indicators . The Company categorizes loans and leases into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans and leases individually by classifying the loans and leases as to credit risk. The Company uses the following definitions for risk ratings. Pass . Loans and leases classified as pass are well protected by the current net worth and paying capacity of the obligor or by the fair value, less cost to acquire and sell, of any underlying collateral in a timely manner. Special Mention . Loans and leases classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or lease or of the institution’s credit position at some future date. Substandard . Loans and leases classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans and leases so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful . Loans and leases classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The Company reviews and grades loans and leases following a continuous loan and lease review process, featuring coverage of all loan and lease types and business lines at least quarterly. Continuous reviewing provides more effective risk monitoring because it immediately tests for potential impacts caused by changes in personnel, policy, products or underwriting standards.

ORGANIZATIONS AND SUMMARY OF _3

ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Schedule of Impact of Adoption of ASC 326	The table that follows reflects the cumulative-effect adjustments the Company recorded on July 1, 2020 for the adoption of ASC 326: July 1, 2020 (Dollars in thousands) Pre-ASC 326 Adoption Impact of ASC 326 Adoption Post-ASC 326 Adoption Assets: Allowance for Credit Losses - Loans $ (75,807) $ (47,300) $ (123,107) Deferred tax asset (Other Assets) 30,749 15,912 46,661 Liabilities: Unfunded Loan Commitment Liabilities (Accounts payable and accrued liabilities and other liabilities) (323) (5,700) (6,023) Stockholder’s Equity: Retained Earnings $ (1,009,299) $ 37,088 $ (972,211) Loans - Carrying Amount (Dollars in thousands) Single Family Real Estate Secured - Mortgage Single Family Real Estate Secured - Warehouse Single Family Real Estate Secured - Financing Multifamily Real Estate Secured - Mortgage and Financing Commercial Real Estate - Mortgage Commercial & Industrial Auto & RV - Secured Other Total Balance July 1, 2020 Pre-ASC 326 Adoption $4,244,563 $474,318 $682,477 $2,303,216 $371,176 $2,094,322 $291,452 $241,918 $10,703,442 Commercial Real Estate - Mortgage to Multifamily and Commercial Mortgage — — — 371,176 (371,176) — — — — Multifamily and Single Family Financing loans to Commercial Real Estate — — (679,054) (411,338) 1,090,392 — — — — Real estate secured Commercial & Industrial to Commercial Real Estate — — — — 1,207,528 (1,207,528) — — — Unsecured Consumer loans to Auto & Consumer — — — — — — 49,913 (49,913) — Single Family Warehouse and Mortgage combined 477,741 (474,318) (3,423) — — — — — — Other reclassifications — — — — — (1,474) — 1,474 — Balance July 1, 2020 Post ASC 326 Adoption $4,722,304 $— $— $2,263,054 $2,297,920 $885,320 $341,365 $193,479 $10,703,442 Loan Category Post-ASC 326 Adoption Single Family - Mortgage & Warehouse N/A N/A Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non RE Auto & Consumer Other Total Allowance for Credit Losses - Loans (Dollars in thousands) Single Family Real Estate Secured - Mortgage Single Family Real Estate Secured - Warehouse Single Family Real Estate Secured - Financing Multifamily Real Estate Secured - Mortgage and Financing Commercial Real Estate - Mortgage Commercial & Industrial Auto & RV - Secured Other Total Balance July 1, 2020 Pre-ASC 326 Adoption $24,041 $1,860 $5,094 $6,318 $1,456 $22,863 $5,738 $8,437 $75,807 Reclassification 1,860 (1,860) (5,094) (1,600) 19,596 (12,909) 3,723 (3,716) — Balance July 1, 2020 Post Reclassification $25,901 $— $— $4,718 $21,052 $9,954 $9,461 $4,721 $75,807 Loan Category Post-ASC 326 Adoption Single Family - Mortgage & Warehouse N/A N/A Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non RE Auto & Consumer Other Total

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Jun. 30, 2021
Business Combinations [Abstract]
Schedule of Fair Value of Acquired Assets and Liabilities Assumed	The consideration paid for COR Securities common equity was $88.4 million and the fair values of acquired identifiable assets and liabilities assumed as of the Acquisition Date were as follows: (Dollars in thousands) January 28, 2019 ASSETS Cash and due from banks $ 16,604 Cash segregated for regulatory purposes 142,016 Securities, available for sale 9,585 Stock of the regulatory agencies, at cost 2,431 Securities borrowed 157,898 Customer, broker-dealer and clearing receivables 234,352 Other assets 5,487 Total identifiable assets $ 568,373 LIABILITIES Borrowings, subordinated notes and debentures $ 85,100 Securities loaned 203,041 Customer, broker-dealer and clearing payables 240,110 Accounts payable and accrued liabilities 7,383 Total identifiable liabilities $ 535,634 Net identifiable assets $ 32,739 Intangible assets 20,120 Goodwill 35,501 Total net assets acquired $ 88,360 Total cash paid $ 80,860 Borrowings, subordinated notes and debentures issued 7,500 Total fair value of consideration paid $ 88,360

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis	The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: June 30, 2021 (Dollars in thousands) Quoted Prices in Significant Other Significant Total ASSETS: Securities—Trading: Municipal $ — $ 1,983 $ — $ 1,983 Securities—Available-for-Sale: Agency Debt 1 $ — $ — $ — $ — Agency MBS 1 — 23,913 — 23,913 Non-Agency MBS 2 — — 67,615 67,615 Municipal — 3,565 — 3,565 Asset-backed securities and structured notes — 92,242 — 92,242 Total—Securities—Available-for-Sale $ — $ 119,720 $ 67,615 $ 187,335 Loans Held for Sale $ — $ 29,768 $ — $ 29,768 Mortgage servicing rights $ — $ — $ 17,911 $ 17,911 Other assets—Derivative instruments $ — $ — $ 2,280 $ 2,280 LIABILITIES: Other liabilities—Derivative instruments $ — $ — $ 75 $ 75 June 30, 2020 (Dollars in thousands) Quoted Prices in Significant Other Significant Total ASSETS: Securities—Trading: Collateralized Debt Obligations $ — $ 105 $ — $ 105 Securities—Available-for-Sale: Agency Debt 1 — 1,799 — 1,799 Agency MBS 1 $ — $ 16,826 $ — $ 16,826 Non-Agency MBS 2 — — 18,332 18,332 Municipal — 10,400 — 10,400 Asset-backed securities and structured notes — 140,270 — 140,270 Total—Securities—Available-for-Sale $ — $ 169,295 $ 18,332 $ 187,627 Loans Held for Sale $ — $ 51,995 $ — $ 51,995 Mortgage servicing rights $ — $ — $ 10,675 $ 10,675 Other assets—Derivative Instruments $ — $ — $ 9,131 $ 9,131 LIABILITIES: Other liabilities—Derivative instruments $ — $ — $ 1,715 $ 1,715 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first - lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by Alt-A or pay-option ARM mortgages.
Schedule of Additional Information About Assets Measured at Fair Value on a Recurring Basis and for which the Company has Utilized Level 3 Inputs to Determine Fair Value	The following table presents additional information about assets measured at fair value on a recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Year Ended June 30, 2021 (Dollars in thousands) Securities- Mortgage Servicing Rights 1 Derivative Instruments, net Total Assets: Opening Balance $ 18,332 $ 10,675 $ 7,416 $ 36,423 Transfers into Level 3 — — — — Transfers out of Level 3 — — — — Total gains or losses for the period: Included in earnings—Mortgage banking income — (6,319) (5,211) (11,530) Included in other comprehensive income 2,289 — — 2,289 Purchases, retentions, issues, sales and settlements: Purchases/Retentions 49,245 13,555 — 62,800 Issues — — — — Sales — — — — Settlements (2,251) — — (2,251) Closing balance $ 67,615 $ 17,911 $ 2,205 $ 87,731 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (6,319) $ (5,211) $ (11,530) Year Ended June 30, 2020 (Dollars in thousands) Securities- Mortgage Servicing Rights 1 Derivative Instruments, net Total Assets: Opening Balance $ 13,025 $ 9,784 $ 1,246 $ 24,055 Transfers into Level 3 — — — — Transfers out of Level 3 — — — — Total gains or losses for the period: Included in earnings—Mortgage banking income — (5,806) 6,170 364 Included in other comprehensive income 617 — — 617 Purchases, retentions, issues, sales and settlements: Purchases/Retentions 7,000 6,697 — 13,697 Issues — — — — Sales — — — — Settlements (2,310) — — (2,310) Closing balance $ 18,332 $ 10,675 $ 7,416 $ 36,423 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (5,806) $ 6,170 $ 364 1 Additions to mortgage servicing rights were retained upon sale of loans held for sale.
Schedule of Quantitative Information About Level 3 Fair Value Measurements	The table below summarizes the quantitative information about Level 3 fair value measurements as of the dates indicated: June 30, 2021 (Dollars in thousands) Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Securities – Non-agency MBS $ 67,615 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 25.0% (2.7%) 0.0 to 5.6% (0.6%) 0.0 to 100.0% (19.4%) 2.7 to 7.2% (3.1%) Mortgage Servicing Rights $ 17,911 Discounted Cash Flow Projected Constant Prepayment Rate, 7.5 to 37.4% (11.5%) 1.7 to 7.5 (6.4) 9.5 to 13.0% (9.6%) Derivative Instruments $ 2,205 Sales Comparison Approach Projected Sales Profit of Underlying Loans 0.2 to 0.5% (0.3%) June 30, 2020 (Dollars in thousands) Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Securities – Non-agency MBS $ 18,332 Discounted Cash Flow Projected Constant Prepayment Rate, 2.5 to 47.9% (26.1%) 0.5 to 4.5% (2.0%) 35.0 to 68.4% (50.1%) 2.9 to 9.4% (5.0%) Mortgage Servicing Rights $ 10,675 Discounted Cash Flow Projected Constant Prepayment Rate, 4.7 to 39.6% (11.4%) 1.6 to 7.7 (6.2) 9.5 to 14.0% (9.8%) Derivative Instruments $ 7,416 Sales Comparison Approach Projected Sales Profit of Underlying Loans (0.3) to 0.8% (0.2%) The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at the periods indicated: June 30, 2021 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned and foreclosed assets: Single family real estate $ 6,547 Sales comparison approach Adjustment for differences between the comparable sales (1.5) to 6.1% (2.0%) Autos and RVs $ 235 Sales comparison approach Adjustment for differences between the comparable sales (2.1) to 14.7% ((2.1)%) 1 For other real estate owned and foreclosed assets, the ranges shown may vary positively or negatively based on the comparable sales reported in the current appraisal. In certain instances, the range can be significant due to small sample sizes and in some cases the property being valued having limited comparable sales with similar characteristics at the time the current appraisal is conducted. June 30, 2020 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) 1 Other real estate owned and foreclosed assets: Single family real estate $ 6,114 Sales comparison approach Adjustment for differences between the comparable sales 18.7 to 18.7% (18.7%) Autos & RVs $ 294 Sales comparison approach Adjustment for differences between the comparable sales (24.6) to 44.2% (2.8%) 1 For other real estate owned and foreclosed assets, the ranges shown may vary positively or negatively based on the comparable sales reported in the current appraisal. In certain instances, the range can be significant due to small sample sizes and in some cases the property being valued having limited comparable sales with similar characteristics at the time the current appraisal is conducted.
Schedule of Fair Value Assets Measured for Impairment on Nonrecurring Basis	The table below summarizes the fair value of assets measured for impairment on a non-recurring basis: June 30, 2021 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and foreclosed assets: Single family real estate $ — $ — $ 6,547 $ 6,547 Autos & RVs — — 235 235 Total $ — $ — $ 6,782 $ 6,782 June 30, 2020 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and foreclosed assets: Single family real estate $ — $ — $ 6,114 $ 6,114 Autos & RVs — — 294 294 Total $ — $ — $ 6,408 $ 6,408
Schedule of Aggregate Fair Value, Contractual Balance, and Unrealized Gain of Loans Held For Sale	The aggregate fair value, contractual balance (including accrued interest), and unrealized gain for loans held for sale was as follows: At June 30, (Dollars in thousands) 2021 2020 2019 Aggregate fair value $ 29,768 $ 51,995 $ 33,260 Contractual balance 28,940 49,700 32,342 Unrealized gain $ 828 $ 2,295 $ 918 The total amount of gains and losses from changes in fair value included in earnings for the period indicated below for loans held for sale were: At June 30, (Dollars in thousands) 2021 2020 2019 Interest income $ 1,411 $ 1,113 $ 1,006 Change in fair value (6,680) 7,531 544 Total $ (5,269) $ 8,644 $ 1,550
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments at Year-end	The carrying amount and estimated fair values of financial instruments at year-end were as follows: June 30, 2021 (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents, cash segregated, and federal funds sold $ 1,037,777 $ 1,037,777 $ — $ — $ 1,037,777 Securities trading 1,983 — 1,983 — 1,983 Securities available-for-sale 187,335 — 119,720 67,615 187,335 Loans held for sale, at fair value 29,768 — 29,768 — 29,768 Loans held for sale, at lower of cost or fair value 12,294 — — 12,336 12,336 Loans and leases held for investment—net 11,414,814 — — 11,833,102 11,833,102 Securities borrowed 619,088 — — 619,274 619,274 Customer, broker-dealer and clearing receivables 369,815 — — 369,815 369,815 Mortgage servicing rights 17,911 — — 17,911 17,911 Financial liabilities: Total deposits 10,815,797 — 10,297,450 — 10,297,450 Advances from the Federal Home Loan Bank 353,500 — 353,500 — 353,500 Borrowings, subordinated notes and debentures 221,358 — 210,196 — 210,196 Securities loaned 728,988 — — 731,467 731,467 Customer, broker-dealer and clearing payables 535,425 — — 535,425 535,425 June 30, 2020 (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash, cash equivalents, cash segregated, and federal funds sold $ 1,950,519 $ 1,950,519 $ — $ — $ 1,950,519 Securities trading 105 — 105 — 105 Securities available-for-sale 187,627 — 169,295 18,332 187,627 Loans held for sale, at fair value 51,995 — 51,995 — 51,995 Loans held for sale, at lower of cost or fair value 44,565 — — 44,625 44,625 Loans and leases held for investment—net 10,631,349 — — 11,138,255 11,138,255 Securities borrowed 222,368 — — 222,613 222,613 Customer, broker-dealer and clearing receivables 220,266 — — 220,464 220,464 Mortgage servicing rights 10,675 — — 10,675 10,675 Financial liabilities: Total deposits 11,336,694 — 11,088,447 — 11,088,447 Advances from the Federal Home Loan Bank 242,500 — 254,114 — 254,114 Borrowings, subordinated notes and debentures 235,789 — 234,445 — 234,445 Securities loaned 255,945 — — 256,790 256,790 Customer, broker-dealer and clearing payables 347,614 — — 347,614 347,614

SECURITIES (Tables)

SECURITIES (Tables)	12 Months Ended
	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Carrying Amount and Fair Value of Available-for-sale Securities	The amortized cost, carrying amount and fair value for the securities available-for-sale for the following periods were: June 30, 2021 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agencies 1 $ — $ 23,639 $ 420 $ (146) $ 23,913 Non-agency 2 — 65,174 2,862 (421) 67,615 Total mortgage-backed securities — 88,813 3,282 (567) 91,528 Non-MBS: Municipal 1,983 3,466 99 — 3,565 Asset-backed securities and structured notes — 90,549 1,693 — 92,242 Total Non-MBS 1,983 94,015 1,792 — 95,807 Total debt securities $ 1,983 $ 182,828 $ 5,074 $ (567) $ 187,335 June 30, 2020 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): Agencies 1 $ — $ 16,192 $ 634 $ — $ 16,826 Non-agency 2 — 18,180 1,024 (872) 18,332 Total mortgage-backed securities — 34,372 1,658 (872) 35,158 Non-MBS: Agencies 1 — 1,799 — — 1,799 Municipal 105 10,550 44 (194) 10,400 Asset-backed securities and structured notes — 141,338 1 (1,069) 140,270 Total Non-MBS 105 153,687 45 (1,263) 152,469 Total debt securities $ 105 $ 188,059 $ 1,703 $ (2,135) $ 187,627 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by prime, Alt-A or pay-option ARM mortgages.
Schedule of Available-for-sale Securities in Unrealized Loss Position	The securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position were as follows: June 30, 2021 Available-for-sale securities in loss position for Less Than 12 More Than 12 Total (Dollars in thousands) Fair Gross Unrealized Losses Fair Gross Unrealized Losses Fair Gross Unrealized Losses MBS: Agencies $ 10,001 $ (146) $ — $ — $ 10,001 $ (146) Non-agency — — 6,018 (421) 6,018 (421) Total MBS securities 10,001 (146) 6,018 (421) 16,019 (567) Non-MBS: Municipal debt — — — — — — Asset-backed securities and structured notes — — — — — — Total Non-MBS — — — — — — Total debt securities $ 10,001 $ (146) $ 6,018 $ (421) $ 16,019 $ (567) June 30, 2020 Available-for-sale securities in loss position for Less Than 12 More Than 12 Total (Dollars in thousands) Fair Gross Unrealized Losses Fair Gross Unrealized Losses Fair Gross Unrealized Losses MBS: Agencies $ 85 $ — $ — $ — $ 85 $ — Non-agency — — 6,978 (872) 6,978 (872) Total MBS securities 85 — 6,978 (872) 7,063 (872) Non-MBS: Municipal debt — — 2,002 (194) 2,002 (194) Asset-backed securities and structured notes 139,883 (1,069) — — 139,883 (1,069) Total Non-MBS 139,883 (1,069) 2,002 (194) 141,885 (1,263) Total debt securities $ 139,968 $ (1,069) $ 8,980 $ (1,066) $ 148,948 $ (2,135)
Schedule of Realized Gain (Loss) on Sale of Available-for-Sale Securities	The gross gains and losses realized through earnings upon the sale of available-for-sale securities were as follows: At June 30, (Dollars in thousands) 2021 2020 2019 Proceeds $ — $ — $ 15,863 Gross realized gains $ — $ — $ 842 Gross realized loss — — (133) Net gain on securities $ — $ — $ 709
Schedule of Unrealized Gain (Loss) on Securities in Accumulated Other Comprehensive Loss	The Company records unrealized gains and unrealized losses in accumulated other comprehensive loss as follows: At June 30, (Dollars in thousands) 2021 2020 Available-for-sale debt securities—net unrealized gains $ 4,507 $ (432) Available-for-sale debt securities—non-credit related (845) (845) Subtotal 3,662 (1,277) Tax (provision) benefit (1,155) 340 Net unrealized gain (loss) on investment securities in accumulated other comprehensive loss $ 2,507 $ (937)

LOANS & ALLOWANCE FOR CREDIT _2

LOANS & ALLOWANCE FOR CREDIT LOSSES-LOANS (Tables)	12 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Schedule of Composition of the Loan Portfolio	The following table sets forth the composition of the loan portfolio as of the dates indicated: At June 30, (Dollars in thousands) 2021 2020 Single Family - Mortgage & Warehouse $ 4,359,472 $ 4,722,304 Multifamily and Commercial Mortgage 2,470,454 2,263,054 Commercial Real Estate 3,180,453 2,297,920 Commercial & Industrial - Non-RE 1,123,869 885,320 Auto & Consumer 362,180 341,365 Other 58,316 193,479 Total gross loans 11,554,744 10,703,442 Allowance for credit losses - loans (132,958) (75,807) Unaccreted premiums (discounts) and loan fees (6,972) 3,714 Total net loans $ 11,414,814 $ 10,631,349
Schedule of Allowance for Credit Losses on Financing Receivables	The following table summarizes activity in the allowance for credit losses - loans for the periods indicated: At June 30, (Dollars in thousands) 2021 2020 2019 Balance—beginning of period $ 75,807 $ 57,085 $ 49,151 Effect of Adoption of ASC 326 47,300 — — Provision for loan and lease loss 23,750 42,200 27,350 Charged off (16,558) (25,833) (19,663) Transfers to held for sale — — (2,356) Recoveries 2,659 2,355 2,603 Balance—end of period $ 132,958 $ 75,807 $ 57,085 The following tables summarize activity in the allowance for credit losses -loans by portfolio classes for the periods indicated: June 30, 2021 (Dollars in thousands) Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2020 $ 25,899 $ 4,719 $ 21,052 $ 9,954 $ 9,462 $ 4,721 $ 75,807 Effect of Adoption of ASC 326 6,318 7,408 25,893 7,042 610 29 47,300 Provision for credit losses - loans (3,242) 1,196 11,238 14,251 (1,354) 1,661 23,750 Charge-offs (2,502) (177) (255) (2,833) (3,517) (7,274) (16,558) Recoveries 131 — — 46 1,318 1,164 2,659 Balance at June 30, 2021 $ 26,604 $ 13,146 $ 57,928 $ 28,460 $ 6,519 $ 301 $ 132,958 June 30, 2020 (Dollars in thousands) Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2019 $ 22,290 $ 3,807 $ 14,632 $ 9,544 $ 6,339 $ 473 $ 57,085 Provision for credit losses - loans 3,546 793 6,420 4,542 7,429 19,470 42,200 Charge-offs (203) — — (4,132) (5,047) (16,451) (25,833) Recoveries 266 119 — — 741 1,229 2,355 Balance at June 30, 2020 $ 25,899 $ 4,719 $ 21,052 $ 9,954 $ 9,462 $ 4,721 $ 75,807 June 30, 2019 (Dollars in thousands) Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at July 1, 2018 $ 20,905 $ 4,054 $ 9,202 $ 10,438 $ 4,127 $ 425 $ 49,151 Provision for credit losses - loans 1,777 (356) 5,430 255 5,731 14,513 27,350 Charge-offs (799) — — (1,149) (3,752) (13,963) (19,663) Transfers to held for sale — — — — — (2,356) (2,356) Recoveries 407 109 — — 233 1,854 2,603 Balance at June 30, 2019 $ 22,290 $ 3,807 $ 14,632 $ 9,544 $ 6,339 $ 473 $ 57,085 The following tables present a summary of the activity in the allowance for credit losses for the periods indicated: For the Year Ended June 30, 2021 (Dollars in thousands) Allowance for Credit Losses - Loans Unfunded Loan Commitment Liabilities Total Allowance for Credit Losses Balance at July 1, 2020 $ 75,807 $ 323 $ 76,130 Effect of Adoption of ASC 326 47,300 5,700 53,000 Provision for Credit Losses 23,750 (300) 23,450 Charge-offs (16,558) — (16,558) Recoveries 2,659 — 2,659 Balance at June 30, 2021 $ 132,958 $ 5,723 $ 138,681 For the Year Ended June 30, 2020 (Dollars in thousands) Allowance for Credit Losses - Loans Unfunded Loan Commitment Liabilities Total Allowance for Credit Losses Balance at July 1, 2019 $ 57,085 $ 227 $ 57,312 Provision for Credit Losses 42,200 96 42,296 Charge-offs (25,833) — (25,833) Recoveries 2,355 — 2,355 Balance at June 30, 2020 $ 75,807 $ 323 $ 76,130
Schedule of Nonaccrual Loans	Nonaccrual loans consisted of the following as of the dates indicated: As of June 30, 2021 (Dollars in thousands) With Allowance With No Allowance Total Single Family - Mortgage & Warehouse $ 45,951 $ 59,757 $ 105,708 Multifamily and Commercial Mortgage 2,916 17,512 20,428 Commercial Real Estate 15,839 — 15,839 Commercial & Industrial - Non-RE 2,942 — 2,942 Auto & Consumer 230 48 278 Total nonaccrual loans $ 67,878 $ 77,317 $ 145,195 Nonaccrual loans to total loans 1.26 %
Schedule of Loans and Leases Performing and Nonaccrual	The following tables provide the outstanding unpaid balance of loans and leases that are performing and nonaccrual by portfolio class as of the dates indicated: June 30, 2021 (Dollars in thousands) Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 4,253,764 $ 2,450,026 $ 3,164,614 $ 1,120,927 $ 361,902 $ 58,316 $ 11,409,549 Nonaccrual 105,708 20,428 15,839 2,942 278 — 145,195 Total $ 4,359,472 $ 2,470,454 $ 3,180,453 $ 1,123,869 $ 362,180 $ 58,316 $ 11,554,744 June 30, 2020 (Dollars in thousands) Single Family - Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 4,638,274 $ 2,259,629 $ 2,297,920 $ 885,107 $ 341,092 $ 193,479 $ 10,615,501 Nonaccrual 84,030 3,425 — 213 273 — 87,941 Total $ 4,722,304 $ 2,263,054 $ 2,297,920 $ 885,320 $ 341,365 $ 193,479 $ 10,703,442
Schedule of Composition of Loan and Lease Portfolio by Credit Quality Indicators	The amortized cost basis by fiscal year of origination and credit quality indicator of the Company’s loan and leases as of June 30, 2021 was as follows: Loans Held for Investment Origination Year Revolving Loans Revolving Loans Converted to Loans HFI Total (Dollars in thousands) 2021 2020 2019 2018 2017 Prior Single Family-Mortgage & Warehouse Pass $962,787 $726,941 $492,421 $470,287 $351,274 $576,197 $585,785 $— $4,165,692 Special Mention 79 9,972 7,102 4,093 6,434 18,347 28,339 — 74,366 Substandard — 32,363 16,386 17,624 15,032 38,009 — — 119,414 Doubtful — — — — — — — — — Total 962,866 769,276 515,909 492,004 372,740 632,553 614,124 — 4,359,472 Multifamily and Commercial Mortgage Pass 636,870 571,530 357,900 288,698 195,257 340,553 — — 2,390,808 Special Mention — 26,224 18,132 855 1,321 1,409 — — 47,941 Substandard 4,947 12,123 1,068 10,554 1,236 1,777 — — 31,705 Doubtful — — — — — — — — — Total 641,817 609,877 377,100 300,107 197,814 343,739 — — 2,470,454 Commercial Real Estate Pass 1,335,963 946,723 430,513 114,979 — 63,750 184,219 — 3,076,147 Special Mention — 9,359 15,487 — — — 1,993 — 26,839 Substandard — 24,842 36,786 15,839 — — — — 77,467 Doubtful — — — — — — — — — Total 1,335,963 980,924 482,786 130,818 — 63,750 186,212 — 3,180,453 Commercial & Industrial - Non-RE Pass 45,396 80,139 16,842 24,210 8,679 — 927,449 — 1,102,715 Special Mention — 11,693 262 2,197 — — — — 14,152 Substandard 2,989 733 2,942 338 — — — — 7,002 Doubtful — — — — — — — — — Total 48,385 92,565 20,046 26,745 8,679 — 927,449 — 1,123,869 Auto & Consumer Pass 156,391 78,641 70,071 32,725 15,885 7,410 — — 361,123 Special Mention 30 144 62 — — 31 — — 267 Substandard 61 181 396 59 76 17 — — 790 Doubtful — — — — — — — — — Total 156,482 78,966 70,529 32,784 15,961 7,458 — — 362,180 Other Pass 17,078 37,909 — 1,663 649 1,017 — — 58,316 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total 17,078 37,909 — 1,663 649 1,017 — — 58,316 Total Pass 3,154,485 2,441,883 1,367,747 932,562 571,744 988,927 1,697,453 — 11,154,801 Special Mention 109 57,392 41,045 7,145 7,755 19,787 30,332 — 163,565 Substandard 7,997 70,242 57,578 44,414 16,344 39,803 — — 236,378 Doubtful — — — — — — — — — Total $3,162,591 $2,569,517 $1,466,370 $984,121 $595,843 $1,048,517 $1,727,785 $— $11,554,744 As a % of total gross loans and leases 27.37% 22.24% 12.69% 8.52% 5.16% 9.07% 14.95% —% 100.0%
Schedule of Past Due Loan and Leases	The following tables provide the outstanding unpaid balance of loans and leases that are past due 30 days or more by portfolio class as of the dates indicated: June 30, 2021 (Dollars in thousands) 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 24,150 $ 46,552 $ 69,169 $ 139,871 Multifamily and Commercial Mortgage 7,991 1,816 12,122 21,929 Commercial Real Estate 36,786 — — 36,786 Commercial & Industrial - Non-RE — — 2,960 2,960 Auto & Consumer 601 306 235 1,142 Other — — — — Total $ 69,528 $ 48,674 $ 84,486 $ 202,688 As a % of gross loans and leases 0.60 % 0.42 % 0.73 % 1.75 % June 30, 2020 (Dollars in thousands) 30-59 Days 60-89 Days 90+ Days Total Single Family-Mortgage & Warehouse $ 17,931 $ 23,115 $ 66,813 $ 107,859 Multifamily and Commercial Mortgage 7,744 5,287 — 13,031 Commercial Real Estate — — — — Commercial & Industrial - Non-RE — — — — Auto & Consumer 973 166 326 1,465 Other — — — — Total $ 26,648 $ 28,568 $ 67,139 $ 122,355 As a % of gross loans and leases 0.25 % 0.27 % 0.63 % 1.13 %

OFFSETTING OF SECURITIES FINA_2

OFFSETTING OF SECURITIES FINANCING AGREEMENTS (Tables)	12 Months Ended
	Jun. 30, 2021
Offsetting [Abstract]
Schedule of Securities Financing Transactions - Assets	The following table presents information about the offsetting of these instruments and related collateral amounts as of: June 30, 2021 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Financial Collateral Net Assets / Liabilities Assets: Securities borrowed $ 619,088 $ — $ 619,088 $ 619,088 $ — Liabilities: Securities loaned $ 728,988 $ — $ 728,988 $ 728,988 $ — June 30, 2020 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Financial Collateral Net Assets / Liabilities Assets: Securities borrowed $ 222,368 $ — $ 222,368 $ 222,368 $ — Liabilities: Securities loaned $ 255,945 $ — $ 255,945 $ 255,945 $ —
Schedule of Securities Financing Transactions - Liabilities	The following table presents information about the offsetting of these instruments and related collateral amounts as of: June 30, 2021 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Financial Collateral Net Assets / Liabilities Assets: Securities borrowed $ 619,088 $ — $ 619,088 $ 619,088 $ — Liabilities: Securities loaned $ 728,988 $ — $ 728,988 $ 728,988 $ — June 30, 2020 (Dollars in thousands) Gross Assets / Liabilities Amounts Offset Net Balance Sheet Amount Financial Collateral Net Assets / Liabilities Assets: Securities borrowed $ 222,368 $ — $ 222,368 $ 222,368 $ — Liabilities: Securities loaned $ 255,945 $ — $ 255,945 $ 255,945 $ —

CUSTOMER, BROKER-DEALER AND C_2

CUSTOMER, BROKER-DEALER AND CLEARING RECEIVABLES AND PAYABLES (Tables)	12 Months Ended
	Jun. 30, 2021
Brokers and Dealers [Abstract]
Schedule of Due to (from) Broker-Dealers and Clearing Organizations	Customer, broker-dealer and clearing receivables and payables consisted of the following at June 30, 2021: At June 30, (Dollars in thousands) 2021 2020 Receivables: Customers $ 326,176 $ 211,386 Broker-dealer and clearing organizations: Receivable from broker-dealers 38,887 6,782 Securities failed to deliver 4,752 2,098 Total customer, broker-dealer and clearing receivables $ 369,815 $ 220,266 Payables: Customers $ 497,098 $ 324,628 Broker-dealer and clearing organizations: Payable to broker-dealers 31,203 20,382 Securities failed to receive 7,124 2,604 Total customer, broker-dealer and clearing payables $ 535,425 $ 347,614

FURNITURE, EQUIPMENT AND SOFT_2

FURNITURE, EQUIPMENT AND SOFTWARE (Tables)	12 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	A summary of the cost and accumulated depreciation and amortization for leasehold improvements, furniture, equipment and software is as follows: At June 30, (Dollars in thousands) 2021 2020 Leasehold improvements $ 5,556 $ 5,434 Furniture and fixtures 7,793 7,749 Computer hardware and equipment 24,396 22,932 Software 60,086 51,554 Total 97,831 87,669 Less accumulated depreciation and amortization (71,535) (57,105) Furniture, equipment and software—net 1 $ 26,296 $ 30,564 1 Furniture, equipment and software are included in the other assets line on the consolidated balance sheet.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Activity in the Company's Goodwill Balance	The following table summarizes the activity in the Company’s goodwill balance as of the dates indicated: (Dollars in thousands) Total Balance as of July 1, 2019 $ 71,222 Goodwill from acquisitions — Balance as of July 1, 2020 71,222 Goodwill from acquisitions — Balance as of June 30, 2021 $ 71,222
Schedule of Company's Acquired Intangible Assets	The Company’s acquired intangible assets are summarized as follows as of the dates indicated: June 30, 2021 June 30, 2020 (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Covenant not to compete $ 930 $ 756 $ 174 $ 930 $ 523 $ 407 Customer relationships 31,310 7,110 24,200 31,310 4,498 26,812 Customer deposit intangible 13,545 5,829 7,716 13,545 3,756 9,789 Developed technologies 23,050 10,769 12,281 23,050 5,963 17,087 Trademark 378 — 378 — — — Trade name 290 290 — 290 218 72 Total intangible assets $ 69,503 $ 24,754 $ 44,749 $ 69,125 $ 14,958 $ 54,167
Schedule of Company's Acquired Intangible Assets	The Company’s acquired intangible assets are summarized as follows as of the dates indicated: June 30, 2021 June 30, 2020 (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Covenant not to compete $ 930 $ 756 $ 174 $ 930 $ 523 $ 407 Customer relationships 31,310 7,110 24,200 31,310 4,498 26,812 Customer deposit intangible 13,545 5,829 7,716 13,545 3,756 9,789 Developed technologies 23,050 10,769 12,281 23,050 5,963 17,087 Trademark 378 — 378 — — — Trade name 290 290 — 290 218 72 Total intangible assets $ 69,503 $ 24,754 $ 44,749 $ 69,125 $ 14,958 $ 54,167
Schedule of Weighted Average Useful Life of Acquired Intangible Assets	The weighted-average useful lives of intangible assets at the time of acquisition were as follows: Weighted-Average Covenant not to compete 4 Customer relationships 12 Customer deposit intangible 10 Developed technologies 5 Trade name 3
Schedule of Estimated Future Amortization Expense of Acquired Intangible Assets	Estimated future amortization expense related to finite-lived intangible assets at June 30, 2021 is as follows: (Dollars in thousands) Amortization Expense For the fiscal year ending June 30, 2022 $ 8,441 2023 8,020 2024 7,551 2025 4,061 2026 2,927 Thereafter 13,371 Total $ 44,371

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Schedule of Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases as of June 30, 2021 was as follows: Years End June 30, (Dollars in thousands) 2021 2020 Operating lease right-of-use assets $ 64,077 $ 73,014 Operating lease liabilities 70,119 76,827 Weighted-average remaining lease term: Operating leases 8.30 years 9.12 years Weighted-average discount rate: Operating leases 2.90 % 2.90 %
Schedule of Maturities of Operating Lease Liabilities	Maturities of Operating Lease Liabilities. The Company leases office space under operating lease agreements scheduled to expire at various dates. The following table represents maturities of lease liabilities as of June 30, 2021: (Dollars in thousands) Within one year $ 9,548 After one year and within two years 9,820 After two years and within three years 9,422 After three years and within four years 8,791 After four years and within five years 8,031 After five years 33,937 Total lease payments 79,549 Less: amount representing interest (9,430) Total Lease Liability $ 70,119

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Jun. 30, 2021
Deposits [Abstract]
Schedule of Deposits	Deposit accounts are summarized as follows: At June 30, 2021 2020 (Dollars in thousands) Amount Rate 1 Amount Rate 1 Non-interest bearing $ 2,474,424 — % $ 1,936,661 — % Interest bearing: Demand 3,369,845 0.15 % 3,456,127 0.37 % Savings 3,458,687 0.21 % 3,697,188 0.78 % 6,828,532 0.18 % 7,153,315 0.58 % Time deposits: $250 and under 1,070,139 1.30 % 1,584,034 2.12 % Greater than $250 442,702 1.03 % 662,684 1.39 % Total time deposits 1,512,841 1.22 % 2,246,718 1.91 % Total interest bearing 2 8,341,373 0.37 % 9,400,033 0.90 % Total deposits $ 10,815,797 0.29 % $ 11,336,694 0.75 % 1 Based on weighted-average stated interest rates at end of period. 2 The total interest-bearing includes brokered deposits of $621.4 million and $1,318.0 million as of June 30, 2021 and June 30, 2020, respectively, of which $380.0 million and $603.6 million, respectively, are time deposits classified as $250 and under.
Schedule of Maturities For Total Time Deposits	The scheduled maturities of time deposits are as follows: (Dollars in thousands) June 30, 2021 Within 12 months $ 1,021,465 13 to 24 months 214,232 25 to 36 months 125,943 37 to 48 months 138,485 49 to 60 months 12,716 Thereafter — Total $ 1,512,841

ADVANCES FROM THE FEDERAL HOM_2

ADVANCES FROM THE FEDERAL HOME LOAN BANK (Tables)	12 Months Ended
	Jun. 30, 2021
Advances from Federal Home Loan Banks [Abstract]
Schedule of Federal Home Loan Bank, Advances, by Maturity	Fixed-rate advances from FHLB are scheduled to mature as follows: At June 30, 2021 2020 (Dollars in thousands) Amount Weighted- Amount Weighted- Within one year 1 $ 236,000 0.64 % $ 75,000 1.99 % After one but within two years 27,500 2.08 % 50,000 2.47 % After two but within three years — — % 27,500 2.08 % After three but within four years 30,000 2.82 % — — % After four but within five years — — % 30,000 2.82 % After five years 60,000 2.07 % 60,000 2.07 % Total $ 353,500 1.18 % $ 242,500 2.22 % 1. Within one year category includes of term advances of $186,000 and $0 at June 30, 2021 and 2020, respectively.

BORROWINGS, SUBORDINATED NOTE_2

BORROWINGS, SUBORDINATED NOTES AND DEBENTURES (Tables)	12 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Borrowings, Subordinated Notes and Debentures	The following table sets forth the composition of the borrowings, subordinated notes and debentures as of the dates indicated: (Dollars in thousands) June 30, 2021 June 30, 2020 Borrowings from other banks $ 36,200 $ 21,500 Paycheck protection program liquidity facility advances — 151,952 Subordinated loans 7,400 7,400 Subordinated notes 175,000 51,000 Junior subordinated debentures 5,155 5,155 Less unamortized issuance costs (2,397) (1,218) Total borrowings, subordinated notes and debentures $ 221,358 $ 235,789

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of Components of Provision for Income Taxes	The provision for income taxes is as follows: At June 30, (Dollars in thousands) 2021 2020 2019 Current: Federal $ 61,827 $ 51,893 $ 42,065 State 37,037 33,852 24,296 98,864 85,745 66,361 Deferred: Federal (5,562) (3,814) (5,483) State (3,266) (2,737) (3,203) (8,828) (6,551) (8,686) Total $ 90,036 $ 79,194 $ 57,675
Schedule of Effective Income Tax Rate Reconciliation	The differences between the statutory federal income tax rate and the effective tax rates are summarized as follows: At June 30, 2021 2020 2019 Statutory federal tax rate 21.00 % 21.00 % 21.00 % Increase (decrease) resulting from: State taxes—net of federal tax benefit 8.70 % 9.27 % 8.66 % Cash surrender value (0.01) % (0.02) % (0.06) % Deferred tax asset write-off — % 0.77 % — % Tax credits (0.59) % (0.77) % (1.55) % Non-taxable income (0.09) % (0.10) % (0.15) % Excess benefit RSU vesting (0.64) % (0.05) % (0.95) % Other 1.08 % 0.05 % 0.15 % Effective tax rate 29.45 % 30.15 % 27.10 %
Schedule of Net Deferred Tax Asset	The components of the net deferred tax asset are as follows: At June 30, (Dollars in thousands) 2021 2020 Deferred tax assets: Allowance for loan and lease losses and charge-offs $ 51,663 $ 30,705 State taxes 903 2,682 Stock-based compensation expense 4,891 4,249 Unrealized net losses on securities — 1,135 Deferred bonus / vacation 3,388 2,385 Securities impaired 266 266 Deferred loan fees 4,182 2,900 Lease liability 1,959 1,236 Net operating loss carryforward 1,811 2,244 Total deferred tax assets 69,063 47,802 Deferred tax liabilities: FHLB stock dividend (830) (830) Other assets—prepaids (2,717) (2,095) Depreciation and amortization (9,998) (13,111) Unrealized net gains on securities (1,155) — Total deferred tax liabilities (14,700) (16,036) Net deferred tax asset 1 $ 54,363 $ 31,766 1 Net deferred tax asset is included in the other assets line on the consolidated balance sheet.
Schedule of Unrecognized Tax Benefits Roll Forward	The following is a reconciliation of the beginning and ending amount of unrecognized tax positions for the periods presented: (Dollars in thousands) 2021 2020 2019 Balance—beginning of period $ 813 $ 1,084 $ 1,135 Additions—current year tax positions 355 115 107 Additions—prior year tax positions 1 2,205 31 — Reductions—prior year tax positions (4) (417) (158) Total liability for unrecognized tax positions—end of period $ 3,369 $ 813 $ 1,084 1 The Company added an allowance on credits claimed.

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Unrecognized Compensation Cost, Nonvested Awards	At June 30, 2021 unrecognized compensation expense related to non-vested awards aggregated to $28.1 million and is expected to be recognized in future periods as follows: (Dollars in thousands) Stock Award For the fiscal year ending June 30: 2022 $ 15,014 2023 9,350 2024 3,309 2025 331 2026 101 Total $ 28,105
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	The following table presents the status and changes in restricted stock units for the periods indicated: Restricted Stock Weighted-Average Non-vested balance at June 30, 2019 1,546,848 $ 30.73 Granted 714,569 24.05 Vested (693,660) 28.52 Forfeitures (122,217) 29.10 Non-vested balance at June 30, 2020 1,445,540 $ 28.62 Granted 617,833 32.12 Vested (666,790) 29.23 Forfeitures (176,113) 27.42 Non-vested balance at June 30, 2021 1,220,470 $ 30.18

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	12 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted EPS	The following table presents the calculation of basic and diluted EPS: At June 30, (Dollars in thousands, except per share data) 2021 2020 2019 Earnings Per Common Share Net income $ 215,707 $ 183,438 $ 155,131 Preferred stock dividends (103) (309) (309) Preferred stock redemption (86) — — Net income attributable to common shareholders $ 215,518 $ 183,129 $ 154,822 Average common shares issued and outstanding 59,229,495 60,794,555 61,898,447 Average unvested RSUs — — — Total qualifying shares 59,229,495 60,794,555 61,898,447 Earnings per common share $ 3.64 $ 3.01 $ 2.50 Diluted Earnings Per Common Share Dilutive net income attributable to common shareholders $ 215,518 $ 183,129 $ 154,822 Average common shares issued and outstanding 59,229,495 60,794,555 61,898,447 Dilutive effect of average unvested RSUs 1,290,116 643,080 483,618 Total dilutive common shares outstanding 60,519,611 61,437,635 62,382,065 Diluted earnings per common share $ 3.56 $ 2.98 $ 2.48

MINIMUM REGULATORY CAPITAL RE_2

MINIMUM REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Jun. 30, 2021
Banking Regulation, Minimum Regulatory Capital Requirements [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The Company’s and Bank’s capital amounts, capital ratios and capital requirements under Basel III were as follows: Axos Financial, Inc. Axos Bank “Well Minimum Capital (Dollars in thousands) June 30, 2021 June 30, 2020 June 30, 2021 June 30, 2020 Regulatory Capital: Tier 1 $ 1,309,496 $ 1,106,393 $ 1,262,885 $ 1,080,455 Common equity tier 1 $ 1,309,496 $ 1,101,330 $ 1,262,885 $ 1,080,455 Total capital (to risk-weighted assets) $ 1,587,625 $ 1,240,923 $ 1,358,430 $ 1,156,401 Assets: Average adjusted $ 14,851,462 $ 12,333,030 $ 13,359,578 $ 11,679,819 Total risk-weighted $ 11,522,645 $ 9,817,374 $ 10,283,135 $ 9,160,365 Regulatory Capital Ratios: Tier 1 leverage (core) capital to adjusted average assets 8.82 % 8.97 % 9.45 % 9.25 % 5.00 % 4.00 % Common equity tier 1 capital (to risk-weighted assets) 11.36 % 11.22 % 12.28 % 11.79 % 6.50 % 4.50 % Tier 1 capital (to risk-weighted assets) 11.36 % 11.27 % 12.28 % 11.79 % 8.00 % 6.00 % Total capital (to risk-weighted assets) 13.78 % 12.64 % 13.21 % 12.62 % 10.00 % 8.00 % The net capital position of Axos Clearing was as follows: (Dollars in thousands) June 30, 2021 June 30, 2020 Net capital $ 35,950 $ 34,022 Less: required net capital 8,046 4,572 Excess capital $ 27,904 $ 29,450 Net capital as a percentage of aggregate debit items 8.94 % 14.88 % Net capital in excess of 5% aggregate debit items $ 15,836 $ 22,593

PARENT-ONLY CONDENSED FINANCI_2

PARENT-ONLY CONDENSED FINANCIAL INFORMATION (Tables)	12 Months Ended
	Jun. 30, 2021
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheets	The following tables present Axos Financial, Inc. (Parent company only) financial information and should be read in conjunction with the consolidated financial statements of the Company and the other notes to the consolidated financial statements. Adjustments to to investment in subsidiary, stockholders’ equity and equity in undistributed earnings of subsidiary have been made to eliminate an intercompany transaction between multiple subsidiaries and the Parent company. CONDENSED BALANCE SHEETS At June 30, (Dollars in thousands) 2021 2020 ASSETS Cash and due from banks $ 126,409 $ 23,130 Investment securities 14,985 14,038 Other assets 111,084 92,200 Investment in subsidiary 1,411,950 1,254,610 Total assets $ 1,664,428 $ 1,383,978 LIABILITIES AND STOCKHOLDERS’ EQUITY Borrowings, subordinated notes and debentures $ 185,158 $ 62,337 Accounts payable and accrued liabilities and other liabilities 78,334 90,795 Total liabilities 263,492 153,132 Stockholders’ equity 1,400,936 1,230,846 Total liabilities and stockholders’ equity $ 1,664,428 $ 1,383,978
Statements of Income	STATEMENTS OF INCOME Year Ended June 30, (Dollars in thousands) 2021 2020 2019 Interest income $ 1,262 $ 619 $ 472 Interest expense 10,891 4,348 3,931 Net interest (expense) income (9,629) (3,729) (3,459) Net interest (expense) income, after provision for loan losses (9,629) (3,729) (3,459) Non-interest income (loss) 217 58 — Non-interest expense and tax benefit 1 4,360 11,903 15,143 Income (loss) before dividends from subsidiary and equity in undistributed income of subsidiary (13,772) (15,574) (18,602) Dividends from subsidiary 45,000 119,114 80,000 Equity in undistributed earnings of subsidiary 184,479 79,898 93,733 Net income $ 215,707 $ 183,438 $ 155,131 Comprehensive income $ 219,151 $ 182,485 $ 155,760 1 Includes tax benefits of $8,967, $5,152, and $10,749 for the years ended June 30, 2021, 2020, and 2019, respectively.
Statements of Cash Flows	STATEMENT OF CASH FLOWS Year Ended June 30, (Dollars in thousands) 2021 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 215,707 $ 183,438 $ 155,131 Adjustments to reconcile net income to net cash used in operating activities: Accretion of discounts on securities 48 26 — Amortization of borrowing costs 1,569 208 208 Amortization of operating lease right of use asset 9,197 9,079 — Stock-based compensation expense 20,685 21,935 23,439 Equity in undistributed earnings of subsidiary (184,479) (79,898) (93,733) Decrease (increase) in other assets (25,835) (79,227) (8,477) Increase (decrease) in other liabilities (14,550) 72,175 7,986 Net cash provided by operating activities 22,342 127,736 84,554 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of investment securities — (15,301) — Origination of loans and leases held for investment — — (844) Purchases of loans and leases, net of discounts and premiums — (59,391) — Proceeds from principal repayments on loans — 10 854 Purchases of furniture, equipment, software and intangibles (457) — — Investment in subsidiary (7,200) (10,130) (106,557) Net cash used in investing activities (7,657) (84,812) (106,547) CASH FLOWS FROM FINANCING ACTIVITIES: Tax payments related to the settlement of restricted stock units (10,648) (7,457) (9,916) Repurchase of treasury stock (16,757) (38,858) (56,437) Net (repayment) proceeds of other borrowings (51,000) — — Payments of debt issuance costs (2,748) — — Proceeds from issuance of subordinated notes 175,000 — 7,400 Redemption of preferred stock, Series A (5,150) — — Cash dividends on preferred stock (103) (386) (232) Net cash provided by (used in) financing activities 88,594 (46,701) (59,185) NET CHANGE IN CASH AND CASH EQUIVALENTS 103,279 (3,777) (81,178) CASH AND CASH EQUIVALENTS—Beginning of year 23,130 26,907 108,085 CASH AND CASH EQUIVALENTS—End of year $ 126,409 $ 23,130 $ 26,907

QUARTERLY FINANCIAL INFORMATI_2

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Jun. 30, 2021
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Quarters Ended in Fiscal Year 2021 (Dollars in thousands, except per share data) June 30, March 31, December 31, September 30, Interest and dividend income $ 156,921 $ 155,674 $ 155,379 $ 149,889 Interest expense 15,267 20,005 21,287 22,562 Net interest income 141,654 135,669 134,092 127,327 Provision for loan and lease losses 1,250 2,700 8,000 11,800 Net interest income after provision for loan and lease losses 140,404 132,969 126,092 115,527 Non-interest income 16,801 23,887 28,718 35,855 Non-interest expense 81,860 80,807 76,297 75,546 Income before income tax expense 75,345 76,049 78,513 75,836 Income tax expense 21,090 22,404 23,728 22,814 Net income $ 54,255 $ 53,645 $ 54,785 $ 53,022 Net income attributable to common stock $ 54,255 $ 53,645 $ 54,672 $ 52,945 Basic earnings per share $ 0.92 $ 0.91 $ 0.93 $ 0.89 Diluted earnings per share $ 0.90 $ 0.89 $ 0.91 $ 0.88 Quarters Ended in Fiscal Year 2020 (Dollars in thousands, except per share data) June 30, March 31, December 31, September 30, Interest and dividend income $ 144,143 $ 185,063 $ 147,288 $ 146,345 Interest expense 26,871 36,447 38,868 43,042 Net interest income 117,272 148,616 108,420 103,303 Provision for loan and lease losses 6,500 28,500 4,500 2,700 Net interest income after provision for loan and lease losses 110,772 120,116 103,920 100,603 Non-interest income 28,702 31,542 21,207 21,536 Non-interest expense 71,544 71,790 66,965 65,467 Income before income tax expense 67,930 79,868 58,162 56,672 Income tax expense 22,630 23,811 16,867 15,886 Net income $ 45,300 $ 56,057 $ 41,295 $ 40,786 Net income attributable to common stock $ 45,223 $ 55,980 $ 41,217 $ 40,709 Basic earnings per share $ 0.76 $ 0.92 $ 0.67 $ 0.66 Diluted earnings per share $ 0.75 $ 0.91 $ 0.67 $ 0.66

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present the operating results, goodwill, and assets of the segments: Year Ended June 30, 2021 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 527,760 $ 18,746 $ (7,764) $ 538,742 Provision for loan losses 23,750 — — 23,750 Non-interest income 79,150 27,627 (1,516) 105,261 Non-interest expense 254,596 48,095 11,819 314,510 Income (Loss) before income taxes $ 328,564 $ (1,722) $ (21,099) $ 305,743 Year Ended June 30, 2020 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 464,448 $ 16,630 $ (3,467) $ 477,611 Provision for loan losses 42,200 — — 42,200 Non-interest income 80,374 24,817 (2,204) 102,987 Non-interest expense 216,895 43,525 15,346 275,766 Income (Loss) before income taxes $ 285,727 $ (2,078) $ (21,017) $ 262,632 As of June 30, 2021 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 35,501 $ — $ 71,222 Total assets $ 12,745,029 $ 1,450,512 $ 70,024 $ 14,265,565 As of June 30, 2020 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 35,501 $ — $ 71,222 Total assets $ 13,018,814 $ 737,419 $ 95,667 $ 13,851,900

ORGANIZATIONS AND SUMMARY OF _4

ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - NARRATIVE (Details)	Oct. 30, 2020shares	Jun. 30, 2021USD ($)statecreditScore	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jul. 01, 2019USD ($)
Concentration Risk [Line Items]
Number of states in which the bank operates | state		50
Total gross loans and leases		$ 11,554,744,000	$ 10,703,442,000
Operating lease right-of-use assets		64,077,000	73,014,000
Operating lease liabilities		70,119,000	76,827,000
Amortization of operating lease right of use asset		10,598,000	10,543,000	$ 0
ASU 2016-02
Concentration Risk [Line Items]
Operating lease right-of-use assets					$ 77,800,000
Operating lease liabilities					$ 79,700,000
Parent
Concentration Risk [Line Items]
Amortization of operating lease right of use asset		9,197,000	9,079,000	$ 0
Series A Preferred Stock
Concentration Risk [Line Items]
Redeemed stock (in shares) | shares	515
Preferred stock, dividend rate percent	6.00%
Single Family - Mortgage & Warehouse
Concentration Risk [Line Items]
Total gross loans and leases		4,359,472,000	4,722,304,000
Multifamily and Commercial Mortgage
Concentration Risk [Line Items]
Total gross loans and leases		2,470,454,000	2,263,054,000
Auto & Consumer
Concentration Risk [Line Items]
Total gross loans and leases		$ 362,180,000	$ 341,365,000
Single Family Mortgage Secured
Concentration Risk [Line Items]
Maximum loan to value ratio		80.00%
Consumer Unsecured Lending | Auto & Consumer
Concentration Risk [Line Items]
Minimum credit score | creditScore		700
Minimum
Concentration Risk [Line Items]
Fixed assets, estimated useful lives (in years)		3 years
Minimum | Multifamily and Commercial Mortgage
Concentration Risk [Line Items]
Total gross loans and leases		$ 500,000
Minimum | Single Family Mortgage Secured | Single Family - Mortgage & Warehouse
Concentration Risk [Line Items]
Maturity term (in years and in months)		15 years
Minimum | Auto | Auto & Consumer
Concentration Risk [Line Items]
Maturity term (in years and in months)		2 years
Minimum | Consumer Unsecured Lending | Auto & Consumer
Concentration Risk [Line Items]
Maturity term (in years and in months)		12 months
Total gross loans and leases		$ 5,000
Maximum
Concentration Risk [Line Items]
Fixed assets, estimated useful lives (in years)		7 years
Maximum | Multifamily and Commercial Mortgage
Concentration Risk [Line Items]
Total gross loans and leases		$ 10,000,000
Maximum | Single Family Mortgage Secured | Single Family - Mortgage & Warehouse
Concentration Risk [Line Items]
Maturity term (in years and in months)		30 years
Maximum | Auto | Auto & Consumer
Concentration Risk [Line Items]
Maturity term (in years and in months)		8 years
Maximum | Consumer Unsecured Lending | Auto & Consumer
Concentration Risk [Line Items]
Maturity term (in years and in months)		72 months
Total gross loans and leases		$ 50,000

ORGANIZATIONS AND SUMMARY OF _5

ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - SCHEDULE OF IMPACT OF ADOPTION OF ASC 326 (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jul. 01, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Assets:
Allowance for Credit Losses - Loans	$ (132,958)	$ (75,807)	$ (75,807)	$ (57,085)	$ (49,151)
Liabilities:
Unfunded Loan Commitment Liabilities (Accounts payable and accrued liabilities and other liabilities)	(5,723)	(323)	(323)	(227)
Stockholder’s Equity:
Retained earnings	$ 1,187,728	(1,009,299)	1,009,299
Other Assets
Assets:
Deferred tax asset (Other Assets)		30,749
Impact of ASC 326
Assets:
Allowance for Credit Losses - Loans			(47,300)	$ 0	$ 0
Liabilities:
Unfunded Loan Commitment Liabilities (Accounts payable and accrued liabilities and other liabilities)			$ (5,700)
Impact of ASC 326 | ASU 2016-13
Assets:
Allowance for Credit Losses - Loans		(47,300)
Liabilities:
Unfunded Loan Commitment Liabilities (Accounts payable and accrued liabilities and other liabilities)		(5,700)
Stockholder’s Equity:
Retained earnings		37,088
Impact of ASC 326 | Other Assets | ASU 2016-13
Assets:
Deferred tax asset (Other Assets)		15,912
Adoption Post-ASC 326 Adoption
Assets:
Allowance for Credit Losses - Loans		(123,107)
Liabilities:
Unfunded Loan Commitment Liabilities (Accounts payable and accrued liabilities and other liabilities)		(6,023)
Stockholder’s Equity:
Retained earnings		(972,211)
Adoption Post-ASC 326 Adoption | Other Assets
Assets:
Deferred tax asset (Other Assets)		$ 46,661

ORGANIZATIONS AND SUMMARY OF _6

ORGANIZATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - SCHEDULE OF RECLASSIFICATION IMPACT OF ADOPTION OF ASC 326 (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jul. 01, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases	$ 11,554,744		$ 10,703,442
Allowance for Credit Losses - Loans	132,958	$ 75,807	75,807	$ 57,085	$ 49,151
Balance July 1, 2020 Pre-ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		10,703,442
Allowance for Credit Losses - Loans		75,807
Single Family - Mortgage & Warehouse
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases	4,359,472		4,722,304
Allowance for Credit Losses - Loans	26,604	25,901	25,899	22,290	20,905
Single Family - Mortgage & Warehouse | Single Family Real Estate Secured - Mortgage | Balance July 1, 2020 Pre-ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		4,244,563
Allowance for Credit Losses - Loans		24,041
Single Family - Mortgage & Warehouse | Single Family Real Estate Secured - Warehouse | Balance July 1, 2020 Pre-ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		474,318
Allowance for Credit Losses - Loans		1,860
Single Family - Mortgage & Warehouse | Single Family Real Estate Secured - Financing | Balance July 1, 2020 Pre-ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		682,477
Allowance for Credit Losses - Loans		5,094
Multifamily Real Estate Secured - Mortgage and Financing | Balance July 1, 2020 Pre-ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		2,303,216
Allowance for Credit Losses - Loans		6,318
Multifamily and Commercial Mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases	2,470,454		2,263,054
Allowance for Credit Losses - Loans	13,146	4,718	4,719	3,807	4,054
Commercial Real Estate
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases	3,180,453		2,297,920
Allowance for Credit Losses - Loans	57,928	21,052	21,052	14,632	9,202
Commercial Real Estate | Balance July 1, 2020 Pre-ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		371,176
Allowance for Credit Losses - Loans		1,456
Commercial & Industrial - Non-RE
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases	1,123,869		885,320
Allowance for Credit Losses - Loans	28,460	9,954	9,954	9,544	10,438
Commercial & Industrial - Non-RE | Balance July 1, 2020 Pre-ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		2,094,322
Allowance for Credit Losses - Loans		22,863
Auto & Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases	362,180		341,365
Allowance for Credit Losses - Loans	6,519	9,461	9,462	6,339	4,127
Auto & Consumer | Balance July 1, 2020 Pre-ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		291,452
Allowance for Credit Losses - Loans		5,738
Other
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases	58,316		193,479
Allowance for Credit Losses - Loans	$ 301	4,721	4,721	473	425
Other | Balance July 1, 2020 Pre-ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		241,918
Allowance for Credit Losses - Loans		8,437
Impact of ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans			47,300	$ 0	$ 0
Impact of ASC 326 Adoption | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans		47,300
Impact of ASC 326 Adoption | Single Family - Mortgage & Warehouse
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans			6,318
Impact of ASC 326 Adoption | Single Family - Mortgage & Warehouse | Single Family Real Estate Secured - Mortgage | Single Family Warehouse and Mortgage combined | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		477,741
Impact of ASC 326 Adoption | Single Family - Mortgage & Warehouse | Single Family Real Estate Secured - Mortgage | Reclassification | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans		1,860
Impact of ASC 326 Adoption | Single Family - Mortgage & Warehouse | Single Family Real Estate Secured - Warehouse | Single Family Warehouse and Mortgage combined | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		(474,318)
Impact of ASC 326 Adoption | Single Family - Mortgage & Warehouse | Single Family Real Estate Secured - Warehouse | Reclassification | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans		(1,860)
Impact of ASC 326 Adoption | Single Family - Mortgage & Warehouse | Single Family Real Estate Secured - Financing | Multifamily and Single Family Financing loans to Commercial Real Estate | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		(679,054)
Impact of ASC 326 Adoption | Single Family - Mortgage & Warehouse | Single Family Real Estate Secured - Financing | Single Family Warehouse and Mortgage combined | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		(3,423)
Impact of ASC 326 Adoption | Single Family - Mortgage & Warehouse | Single Family Real Estate Secured - Financing | Reclassification | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans		(5,094)
Impact of ASC 326 Adoption | Multifamily Real Estate Secured - Mortgage and Financing | Commercial Real Estate - Mortgage to Multifamily and Commercial Mortgage | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		371,176
Impact of ASC 326 Adoption | Multifamily Real Estate Secured - Mortgage and Financing | Multifamily and Single Family Financing loans to Commercial Real Estate | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		(411,338)
Impact of ASC 326 Adoption | Multifamily Real Estate Secured - Mortgage and Financing | Reclassification | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans		(1,600)
Impact of ASC 326 Adoption | Multifamily and Commercial Mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans			7,408
Impact of ASC 326 Adoption | Commercial Real Estate
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans			25,893
Impact of ASC 326 Adoption | Commercial Real Estate | Commercial Real Estate - Mortgage to Multifamily and Commercial Mortgage | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		(371,176)
Impact of ASC 326 Adoption | Commercial Real Estate | Multifamily and Single Family Financing loans to Commercial Real Estate | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		1,090,392
Impact of ASC 326 Adoption | Commercial Real Estate | Real estate secured Commercial & Industrial to Commercial Real Estate | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		1,207,528
Impact of ASC 326 Adoption | Commercial Real Estate | Reclassification | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans		19,596
Impact of ASC 326 Adoption | Commercial & Industrial - Non-RE
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans			7,042
Impact of ASC 326 Adoption | Commercial & Industrial - Non-RE | Real estate secured Commercial & Industrial to Commercial Real Estate | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		(1,207,528)
Impact of ASC 326 Adoption | Commercial & Industrial - Non-RE | Other reclassifications | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		(1,474)
Impact of ASC 326 Adoption | Commercial & Industrial - Non-RE | Reclassification | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans		(12,909)
Impact of ASC 326 Adoption | Auto & Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans			610
Impact of ASC 326 Adoption | Auto & Consumer | Unsecured Consumer loans to Auto & Consumer | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		49,913
Impact of ASC 326 Adoption | Auto & Consumer | Reclassification | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans		3,723
Impact of ASC 326 Adoption | Other
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans			$ 29
Impact of ASC 326 Adoption | Other | Unsecured Consumer loans to Auto & Consumer | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		(49,913)
Impact of ASC 326 Adoption | Other | Other reclassifications | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		1,474
Impact of ASC 326 Adoption | Other | Reclassification | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for Credit Losses - Loans		(3,716)
Post ASC 326 Adoption
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		10,703,442
Allowance for Credit Losses - Loans		123,107
Post ASC 326 Adoption | Single Family - Mortgage & Warehouse
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		4,722,304
Post ASC 326 Adoption | Multifamily and Commercial Mortgage
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		2,263,054
Post ASC 326 Adoption | Commercial Real Estate
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		2,297,920
Post ASC 326 Adoption | Commercial & Industrial - Non-RE
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		885,320
Post ASC 326 Adoption | Auto & Consumer
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		341,365
Post ASC 326 Adoption | Other
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total gross loans and leases		$ 193,479

ACQUISITIONS - NARRATIVE (Detai

ACQUISITIONS - NARRATIVE (Details) customer in Thousands, client in Thousands	Aug. 02, 2021USD ($)	Mar. 15, 2019USD ($)	Feb. 26, 2019USD ($)client	Jan. 28, 2019USD ($)customerbroker-dealer	Nov. 16, 2018USD ($)	Jun. 30, 2019USD ($)acquisition	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)
Business Acquisition [Line Items]
Number of business acquisitions | acquisition						2
Number of assets acquisitions | acquisition						2
Borrowings, subordinated notes and debentures							$ 221,358,000	$ 235,789,000
Goodwill						$ 71,222,000	71,222,000	$ 71,222,000
E*TRADE Advisor Services | Subsequent Event
Business Acquisition [Line Items]
Cash consideration	$ 54,900,000
WiseBanyan Holding
Business Acquisition [Line Items]
Cash consideration			$ 3,200,000
Percentage of equity acquired			100.00%
Intangible assets acquired			$ 2,700,000
Axos Clearing
Business Acquisition [Line Items]
Cash consideration				$ 80,860,000
Percentage of equity acquired				100.00%
Intangible assets acquired				$ 20,120,000
Goodwill				35,501,000
Transaction costs				400,000
Consideration paid				88,360,000
MWA Bank
Business Acquisition [Line Items]
Deposit accounts		$ 173,000,000
Checking, savings and money market accounts		151,000,000
Time deposits		$ 22,000,000
Nationwide Bank
Business Acquisition [Line Items]
Deposit accounts					$ 2,400,000,000
Checking, savings and money market accounts					661,400,000
Time deposits					1,700,000,000
Premium on deposit balances transferred					$ 13,500,000
Subordinated Notes | Axos Clearing
Business Acquisition [Line Items]
Subordinated notes				$ 7,500,000
Subordinated notes maturity (in months)				15 months
Borrowings, subordinated notes and debentures							$ 7,400,000
WiseBanyan Holding
Business Acquisition [Line Items]
Number of clients | client			24
Assets under custody or management			$ 150,000,000
Axos Clearing
Business Acquisition [Line Items]
Number of introducing broker-dealers | broker-dealer				60
Number of customers | customer				90

ACQUISITIONS - FAIR VALUE OF AS

ACQUISITIONS - FAIR VALUE OF ASSETS AND LIABILITIES ACQUIRED (Details) - USD ($) $ in Thousands	Jan. 28, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
LIABILITIES
Goodwill		$ 71,222	$ 71,222	$ 71,222
Axos Clearing
ASSETS
Cash and due from banks	$ 16,604
Cash segregated for regulatory purposes	142,016
Securities, available for sale	9,585
Stock of the regulatory agencies, at cost	2,431
Securities borrowed	157,898
Customer, broker-dealer and clearing receivables	234,352
Other assets	5,487
Total identifiable assets	568,373
LIABILITIES
Borrowings, subordinated notes and debentures	85,100
Securities loaned	203,041
Customer, broker-dealer and clearing payables	240,110
Accounts payable and accrued liabilities	7,383
Total identifiable liabilities	535,634
Net identifiable assets	32,739
Intangible assets	20,120
Goodwill	35,501
Total net assets acquired	88,360
Total cash paid	80,860
Borrowings, subordinated notes and debentures issued	7,500
Total fair value of consideration paid	$ 88,360

FAIR VALUE - NARRATIVE (Details

FAIR VALUE - NARRATIVE (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 6,782	$ 6,408
Significant Unobservable Inputs (Level 3) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 6,782	6,408
Securities – Non-agency MBS | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unemployment rate	5.90%
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned, valuation allowance	$ 100	1,400
Other real estate owned | Carrying Amount | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 6,800	$ 6,400
Projected Constant Default Rate | Securities – Non-agency MBS | Minimum | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, measurement input	0
Projected Constant Default Rate | Securities – Non-agency MBS | Maximum | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, measurement input	0.056
Projected Loss Severity | Securities – Non-agency MBS | Minimum | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, measurement input	0
Projected Loss Severity | Securities – Non-agency MBS | Maximum | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, measurement input	1
Existing credit enhancement | Securities – Non-agency MBS | Minimum | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, measurement input	0
Existing credit enhancement | Securities – Non-agency MBS | Maximum | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, measurement input	0.934
Existing credit enhancement | Securities – Non-agency MBS | Weighted Average | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, measurement input	0.184
Discount Rate | Securities – Non-agency MBS | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, measurement input	0.0274
Discount Rate | Securities – Non-agency MBS | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, measurement input	0.0720

FAIR VALUE - ASSETS AND LIABILI

FAIR VALUE - ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading	$ 1,983	$ 105
Available-for-sale	187,335	187,627
Loans Held for Sale	29,768	51,995	$ 33,260
Municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading	1,983	105
Available-for-sale	3,565	10,400
Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading	0	0
Available-for-sale	23,913	16,826
Securities – Non-agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading	0	0
Available-for-sale	67,615	18,332
Asset-backed securities and structured notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading	0	0
Available-for-sale	92,242	140,270
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading	0	0
Available-for-sale	0	0
Loans Held for Sale	0	0
Mortgage servicing rights	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading	1,983	105
Available-for-sale	119,720	169,295
Loans Held for Sale	29,768	51,995
Mortgage servicing rights	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading	0	0
Available-for-sale	67,615	18,332
Loans Held for Sale	0	0
Mortgage servicing rights	17,911	10,675
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	187,335	187,627
Loans Held for Sale	29,768	51,995
Mortgage servicing rights	17,911	10,675
Other assets—Derivative instruments	2,280	9,131
Other liabilities—Derivative instruments	75	1,715
Fair Value, Measurements, Recurring | Municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading	1,983
Available-for-sale	3,565	10,400
Fair Value, Measurements, Recurring | Collateralized Debt Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading		105
Fair Value, Measurements, Recurring | Agency Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	0	1,799
Fair Value, Measurements, Recurring | Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	23,913	16,826
Fair Value, Measurements, Recurring | Securities – Non-agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	67,615	18,332
Fair Value, Measurements, Recurring | Asset-backed securities and structured notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	92,242	140,270
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	0	0
Loans Held for Sale	0	0
Mortgage servicing rights	0	0
Other assets—Derivative instruments	0	0
Other liabilities—Derivative instruments	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading	0
Available-for-sale	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Collateralized Debt Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading		0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Agency Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Securities – Non-agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Asset-backed securities and structured notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	119,720	169,295
Loans Held for Sale	29,768	51,995
Mortgage servicing rights	0	0
Other assets—Derivative instruments	0	0
Other liabilities—Derivative instruments	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading	1,983
Available-for-sale	3,565	10,400
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Collateralized Debt Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading		105
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Agency Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	0	1,799
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	23,913	16,826
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Securities – Non-agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Asset-backed securities and structured notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	92,242	140,270
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	67,615	18,332
Loans Held for Sale	0	0
Mortgage servicing rights	17,911	10,675
Other assets—Derivative instruments	2,280	9,131
Other liabilities—Derivative instruments	75	1,715
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading	0
Available-for-sale	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Collateralized Debt Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities—Trading		0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Agency Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Securities – Non-agency MBS
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	67,615	18,332
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Asset-backed securities and structured notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale	$ 0	$ 0

FAIR VALUE - LEVEL 3 ASSETS MEA

FAIR VALUE - LEVEL 3 ASSETS MEASURED ON RECURRING BASIS (Details) - Fair Value, Measurements, Recurring - Significant Unobservable Inputs (Level 3) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	$ 36,423	$ 24,055
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Total gains or losses for the period - Included in other comprehensive income	2,289	617
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	62,800	13,697
Issues	0	0
Sales	0	0
Settlements	(2,251)	(2,310)
Closing balance	87,731	36,423
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	(11,530)	364
Securities- Available-for- Sale: Non- Agency MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	18,332	13,025
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Total gains or losses for the period - Included in other comprehensive income	2,289	617
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	49,245	7,000
Issues	0	0
Sales	0	0
Settlements	(2,251)	(2,310)
Closing balance	67,615	18,332
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	0	0
Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	10,675	9,784
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Total gains or losses for the period - Included in other comprehensive income	0	0
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	13,555	6,697
Issues	0	0
Sales	0	0
Settlements	0	0
Closing balance	17,911	10,675
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	(6,319)	(5,806)
Derivative Instruments, net
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	7,416	1,246
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Total gains or losses for the period - Included in other comprehensive income	0	0
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	0	0
Issues	0	0
Sales	0	0
Settlements	0	0
Closing balance	2,205	7,416
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	(5,211)	6,170
Included in earnings—Mortgage banking income
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses for the period - Included in earnings	(11,530)	364
Included in earnings—Mortgage banking income | Securities- Available-for- Sale: Non- Agency MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses for the period - Included in earnings	0	0
Included in earnings—Mortgage banking income | Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses for the period - Included in earnings	(6,319)	(5,806)
Included in earnings—Mortgage banking income | Derivative Instruments, net
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains or losses for the period - Included in earnings	$ (5,211)	$ 6,170

FAIR VALUE - QUANTITATIVE INFOR

FAIR VALUE - QUANTITATIVE INFORMATION FOR LEVEL 3 FAIR VALUE MEASURMENTS (RECURRING) (Details) $ in Thousands	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, Fair Value	$ 187,335	$ 187,627
Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, Fair Value	$ 67,615	18,332
Discount Rate | Minimum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.0274
Discount Rate | Maximum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.0720
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, Fair Value	$ 67,615	18,332
Mortgage servicing rights, Fair Value	$ 17,911	10,675
Level 3 | Projected Constant Default Rate | Minimum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0
Level 3 | Projected Constant Default Rate | Maximum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.056
Level 3 | Projected Loss Severity | Minimum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0
Level 3 | Projected Loss Severity | Maximum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	1
Fair Value, Measurements, Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, Fair Value	$ 187,335	187,627
Mortgage servicing rights, Fair Value	17,911	10,675
Fair Value, Measurements, Recurring | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, Fair Value	67,615	18,332
Fair Value, Measurements, Recurring | Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, Fair Value	67,615	18,332
Mortgage servicing rights, Fair Value	17,911	10,675
Fair Value, Measurements, Recurring | Level 3 | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, Fair Value	67,615	18,332
Fair Value, Measurements, Recurring | Level 3 | Mortgage Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing rights, Fair Value	17,911	10,675
Fair Value, Measurements, Recurring | Level 3 | Derivative Instruments, net
Fair Value, Option, Quantitative Disclosures [Line Items]
Derivative assets, Fair Value	$ 2,205	$ 7,416
Fair Value, Measurements, Recurring | Level 3 | Projected Constant Prepayment Rate | Minimum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0	0.025
Fair Value, Measurements, Recurring | Level 3 | Projected Constant Prepayment Rate | Minimum | Mortgage Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	0.075	0.047
Fair Value, Measurements, Recurring | Level 3 | Projected Constant Prepayment Rate | Maximum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.250	0.479
Fair Value, Measurements, Recurring | Level 3 | Projected Constant Prepayment Rate | Maximum | Mortgage Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	0.374	0.396
Fair Value, Measurements, Recurring | Level 3 | Projected Constant Prepayment Rate | Weighted Average | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.027	0.261
Fair Value, Measurements, Recurring | Level 3 | Projected Constant Prepayment Rate | Weighted Average | Mortgage Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	0.115	0.114
Fair Value, Measurements, Recurring | Level 3 | Projected Constant Default Rate | Minimum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0	0.005
Fair Value, Measurements, Recurring | Level 3 | Projected Constant Default Rate | Maximum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.056	0.045
Fair Value, Measurements, Recurring | Level 3 | Projected Constant Default Rate | Weighted Average | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.006	0.020
Fair Value, Measurements, Recurring | Level 3 | Projected Loss Severity | Minimum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0	0.350
Fair Value, Measurements, Recurring | Level 3 | Projected Loss Severity | Maximum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	1	0.684
Fair Value, Measurements, Recurring | Level 3 | Projected Loss Severity | Weighted Average | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.194	0.501
Fair Value, Measurements, Recurring | Level 3 | Discount Rate | Minimum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.027	0.029
Fair Value, Measurements, Recurring | Level 3 | Discount Rate | Minimum | Mortgage Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	0.095	0.095
Fair Value, Measurements, Recurring | Level 3 | Discount Rate | Maximum | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.072	0.094
Fair Value, Measurements, Recurring | Level 3 | Discount Rate | Maximum | Mortgage Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	0.130	0.140
Fair Value, Measurements, Recurring | Level 3 | Discount Rate | Weighted Average | Securities – Non-agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale securities, measurement input	0.031	0.050
Fair Value, Measurements, Recurring | Level 3 | Discount Rate | Weighted Average | Mortgage Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	0.096	0.098
Fair Value, Measurements, Recurring | Level 3 | Life (in years) | Minimum | Mortgage Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	1.7	1.6
Fair Value, Measurements, Recurring | Level 3 | Life (in years) | Maximum | Mortgage Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	7.5	7.7
Fair Value, Measurements, Recurring | Level 3 | Life (in years) | Weighted Average | Mortgage Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Servicing asset, measurement input	6.4	6.2
Fair Value, Measurements, Recurring | Level 3 | Projected Sales Profit of Underlying Loans | Minimum | Derivative Instruments, net
Fair Value, Option, Quantitative Disclosures [Line Items]
Derivative asset, net, measurement input	0.002	(0.003)
Fair Value, Measurements, Recurring | Level 3 | Projected Sales Profit of Underlying Loans | Maximum | Derivative Instruments, net
Fair Value, Option, Quantitative Disclosures [Line Items]
Derivative asset, net, measurement input	0.005	0.008
Fair Value, Measurements, Recurring | Level 3 | Projected Sales Profit of Underlying Loans | Weighted Average | Derivative Instruments, net
Fair Value, Option, Quantitative Disclosures [Line Items]
Derivative asset, net, measurement input	0.003	0.002

FAIR VALUE - ASSETS MEASURED FO

FAIR VALUE - ASSETS MEASURED FOR IMPAIRMENT ON NONRECURRING BASIS (Details) - Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 6,782	$ 6,408
Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	6,547	6,114
Autos & RVs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	235	294
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Autos & RVs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Other Observable Inputs (Level 2) | Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Other Observable Inputs (Level 2) | Autos & RVs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	6,782	6,408
Significant Unobservable Inputs (Level 3) | Single family real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	6,547	6,114
Significant Unobservable Inputs (Level 3) | Autos & RVs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 235	$ 294

FAIR VALUE - LOANS HELD-FOR-SAL

FAIR VALUE - LOANS HELD-FOR-SALE (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Aggregate fair value	$ 29,768	$ 51,995	$ 33,260
Contractual balance	28,940	49,700	32,342
Unrealized gain	828	2,295	918
Interest income	1,411	1,113	1,006
Change in fair value	(6,680)	7,531	544
Total	$ (5,269)	$ 8,644	$ 1,550

FAIR VALUE - QUANTITATIVE INF_2

FAIR VALUE - QUANTITATIVE INFORMATION FOR LEVEL 3 FAIR VALUE MEASURMENTS (NONRECURRING) (Details) - Nonrecurring $ in Thousands	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 6,782	$ 6,408
Single family real estate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned and foreclosed assets, fair value	6,547	6,114
Autos & RVs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned and foreclosed assets, fair value	235	294
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned and foreclosed assets, fair value	6,782	6,408
Level 3 | Single family real estate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 6,547	$ 6,114
Level 3 | Single family real estate | Adjustment for differences between the comparable sales | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, measurement input	(0.015)	0.187
Level 3 | Single family real estate | Adjustment for differences between the comparable sales | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, measurement input	0.061	0.187
Level 3 | Single family real estate | Adjustment for differences between the comparable sales | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, measurement input	0.020	0.187
Level 3 | Autos & RVs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 235	$ 294
Level 3 | Autos & RVs | Adjustment for differences between the comparable sales | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other repossessed assets, measurement input	(0.021)	(0.246)
Level 3 | Autos & RVs | Adjustment for differences between the comparable sales | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other repossessed assets, measurement input	0.147	0.442
Level 3 | Autos & RVs | Adjustment for differences between the comparable sales | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other repossessed assets, measurement input	(0.021)	0.028

FAIR VALUE - FAIR VALUE BY BALA

FAIR VALUE - FAIR VALUE BY BALANCE SHEET GROUPING (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Financial assets:
Securities—Trading	$ 1,983	$ 105
Available-for-sale	187,335	187,627
Loans held for sale, carried at fair value	29,768	51,995	$ 33,260
Loans held for sale, lower of cost or fair value	12,294	44,565
Securities borrowed	619,088	222,368
Financial liabilities:
Securities loaned	728,988	255,945
Carrying Amount
Financial assets:
Cash, cash equivalents, cash segregated, and federal funds sold	1,037,777	1,950,519
Securities—Trading	1,983	105
Available-for-sale	187,335	187,627
Loans held for sale, carried at fair value	29,768	51,995
Loans held for sale, lower of cost or fair value	12,294	44,565
Loans and leases held for investment—net	11,414,814	10,631,349
Securities borrowed	619,088	222,368
Customer, broker-dealer and clearing receivables	369,815	220,266
Mortgage servicing rights	17,911	10,675
Financial liabilities:
Total deposits	10,815,797	11,336,694
Advances from the Federal Home Loan Bank	353,500	242,500
Borrowings, subordinated notes and debentures	221,358	235,789
Securities loaned	728,988	255,945
Customer, broker-dealer and clearing payables	535,425	347,614
Total Fair Value
Financial assets:
Cash, cash equivalents, cash segregated, and federal funds sold	1,037,777	1,950,519
Securities—Trading	1,983	105
Available-for-sale	187,335	187,627
Loans held for sale, carried at fair value	29,768	51,995
Loans held for sale, lower of cost or fair value	12,336	44,625
Loans and leases held for investment—net	11,833,102	11,138,255
Securities borrowed	619,274	222,613
Customer, broker-dealer and clearing receivables	369,815	220,464
Mortgage servicing rights	17,911	10,675
Financial liabilities:
Total deposits	10,297,450	11,088,447
Advances from the Federal Home Loan Bank	353,500	254,114
Borrowings, subordinated notes and debentures	210,196	234,445
Securities loaned	731,467	256,790
Customer, broker-dealer and clearing payables	535,425	347,614
Level 1
Financial assets:
Cash, cash equivalents, cash segregated, and federal funds sold	1,037,777	1,950,519
Securities—Trading	0	0
Available-for-sale	0	0
Loans held for sale, carried at fair value	0	0
Loans held for sale, lower of cost or fair value	0	0
Loans and leases held for investment—net	0	0
Securities borrowed	0	0
Customer, broker-dealer and clearing receivables	0	0
Mortgage servicing rights	0	0
Financial liabilities:
Total deposits	0	0
Advances from the Federal Home Loan Bank	0	0
Borrowings, subordinated notes and debentures	0	0
Securities loaned	0	0
Customer, broker-dealer and clearing payables	0	0
Level 2
Financial assets:
Cash, cash equivalents, cash segregated, and federal funds sold	0	0
Securities—Trading	1,983	105
Available-for-sale	119,720	169,295
Loans held for sale, carried at fair value	29,768	51,995
Loans held for sale, lower of cost or fair value	0	0
Loans and leases held for investment—net	0	0
Securities borrowed	0	0
Customer, broker-dealer and clearing receivables	0	0
Mortgage servicing rights	0	0
Financial liabilities:
Total deposits	10,297,450	11,088,447
Advances from the Federal Home Loan Bank	353,500	254,114
Borrowings, subordinated notes and debentures	210,196	234,445
Securities loaned	0	0
Customer, broker-dealer and clearing payables	0	0
Level 3
Financial assets:
Cash, cash equivalents, cash segregated, and federal funds sold	0	0
Securities—Trading	0	0
Available-for-sale	67,615	18,332
Loans held for sale, carried at fair value	0	0
Loans held for sale, lower of cost or fair value	12,336	44,625
Loans and leases held for investment—net	11,833,102	11,138,255
Securities borrowed	619,274	222,613
Customer, broker-dealer and clearing receivables	369,815	220,464
Mortgage servicing rights	17,911	10,675
Financial liabilities:
Total deposits	0	0
Advances from the Federal Home Loan Bank	0	0
Borrowings, subordinated notes and debentures	0	0
Securities loaned	731,467	256,790
Customer, broker-dealer and clearing payables	$ 535,425	$ 347,614

SECURITIES - CARRYING AMOUNT AN

SECURITIES - CARRYING AMOUNT AND FAIR VALUE OF SECURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Debt Securities, Available-for-sale [Line Items]
Trading	$ 1,983	$ 105
Amortized Cost	182,828	188,059
Unrealized Gains	5,074	1,703
Unrealized Losses	(567)	(2,135)
Available-for-sale securities, Fair Value	187,335	187,627
Total mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Trading	0	0
Amortized Cost	88,813	34,372
Unrealized Gains	3,282	1,658
Unrealized Losses	(567)	(872)
Available-for-sale securities, Fair Value	91,528	35,158
Agencies
Debt Securities, Available-for-sale [Line Items]
Trading	0	0
Amortized Cost	23,639	16,192
Unrealized Gains	420	634
Unrealized Losses	(146)	0
Available-for-sale securities, Fair Value	23,913	16,826
Securities – Non-agency MBS
Debt Securities, Available-for-sale [Line Items]
Trading	0	0
Amortized Cost	65,174	18,180
Unrealized Gains	2,862	1,024
Unrealized Losses	(421)	(872)
Available-for-sale securities, Fair Value	67,615	18,332
Total Non-MBS
Debt Securities, Available-for-sale [Line Items]
Trading	1,983	105
Amortized Cost	94,015	153,687
Unrealized Gains	1,792	45
Unrealized Losses	0	(1,263)
Available-for-sale securities, Fair Value	95,807	152,469
Agencies
Debt Securities, Available-for-sale [Line Items]
Trading		0
Amortized Cost		1,799
Unrealized Gains		0
Unrealized Losses		0
Available-for-sale securities, Fair Value		1,799
Municipal
Debt Securities, Available-for-sale [Line Items]
Trading	1,983	105
Amortized Cost	3,466	10,550
Unrealized Gains	99	44
Unrealized Losses	0	(194)
Available-for-sale securities, Fair Value	3,565	10,400
Asset-backed securities and structured notes
Debt Securities, Available-for-sale [Line Items]
Trading	0	0
Amortized Cost	90,549	141,338
Unrealized Gains	1,693	1
Unrealized Losses	0	(1,069)
Available-for-sale securities, Fair Value	$ 92,242	$ 140,270

SECURITIES - NARRATIVE (Details

SECURITIES - NARRATIVE (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2021USD ($)security	Jun. 30, 2020USD ($)security
Marketable Securities [Line Items]
Available-for-sale | $	$ 187,335	$ 187,627
Number of securities in a continuous loss position for a period of more than 12 months	7	10
Number of securities in a continuous loss position for a period of less than 12 months	7	4
Number of trading securities sold	0	0
Number of available-for-sale securities sold	0	0
Asset Pledged as Collateral
Marketable Securities [Line Items]
Debt securities available-for-sale and held-to-maturity pledged to secure borrowings | $	$ 1,400	$ 3,500
Securities – Non-agency MBS
Marketable Securities [Line Items]
Available-for-sale | $	$ 67,615	$ 18,332
RMBS, Super Senior Securities
Marketable Securities [Line Items]
Available-for-sale, number of securities	15

SECURITIES - SCHEDULE OF SECURI

SECURITIES - SCHEDULE OF SECURITIES IN CONTINUOUS UNREALIZED LOSS POSITION (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Fair Value
Less Than 12 Months	$ 10,001	$ 139,968
More Than 12 Months	6,018	8,980
Total	16,019	148,948
Gross Unrealized Losses
Less Than 12 Months	(146)	(1,069)
More Than 12 Months	(421)	(1,066)
Total	(567)	(2,135)
Total mortgage-backed securities
Fair Value
Less Than 12 Months	10,001	85
More Than 12 Months	6,018	6,978
Total	16,019	7,063
Gross Unrealized Losses
Less Than 12 Months	(146)	0
More Than 12 Months	(421)	(872)
Total	(567)	(872)
Agencies
Fair Value
Less Than 12 Months	10,001	85
More Than 12 Months	0	0
Total	10,001	85
Gross Unrealized Losses
Less Than 12 Months	(146)	0
More Than 12 Months	0	0
Total	(146)	0
Securities- Available-for- Sale: Non- Agency MBS
Fair Value
Less Than 12 Months	0	0
More Than 12 Months	6,018	6,978
Total	6,018	6,978
Gross Unrealized Losses
Less Than 12 Months	0	0
More Than 12 Months	(421)	(872)
Total	(421)	(872)
Total Non-MBS
Fair Value
Less Than 12 Months	0	139,883
More Than 12 Months	0	2,002
Total	0	141,885
Gross Unrealized Losses
Less Than 12 Months	0	(1,069)
More Than 12 Months	0	(194)
Total	0	(1,263)
Municipal
Fair Value
Less Than 12 Months	0	0
More Than 12 Months	0	2,002
Total	0	2,002
Gross Unrealized Losses
Less Than 12 Months	0	0
More Than 12 Months	0	(194)
Total	0	(194)
Asset-backed securities and structured notes
Fair Value
Less Than 12 Months	0	139,883
More Than 12 Months	0	0
Total	0	139,883
Gross Unrealized Losses
Less Than 12 Months	0	(1,069)
More Than 12 Months	0	0
Total	$ 0	$ (1,069)

SECURITIES - REALIZED GAIN (LOS

SECURITIES - REALIZED GAIN (LOSS) ON INVESTMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 0	$ 0	$ 15,863
Gross realized gains	0	0	842
Gross realized loss	0	0	(133)
Net gain (loss) on securities	$ 0	$ 0	$ 709

SECURITIES - UNREALIZED GAIN (L

SECURITIES - UNREALIZED GAIN (LOSS) ON INVESTMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Available-for-sale debt securities—net unrealized gains	$ 4,507	$ (432)
Available-for-sale debt securities—non-credit related	(845)	(845)
Subtotal	3,662	(1,277)
Tax (provision) benefit	(1,155)	340
Net unrealized gain (loss) on investment securities in accumulated other comprehensive loss	$ 2,507	$ (937)

LOANS & ALLOWANCE FOR CREDIT _3

LOANS & ALLOWANCE FOR CREDIT LOSSES-LOANS - COMPOSITION OF LOAN PORTFOLIO (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jul. 01, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 11,554,744		$ 10,703,442
Allowance for credit losses - loans	(132,958)	$ (75,807)	(75,807)	$ (57,085)	$ (49,151)
Unaccreted premiums (discounts) and loan fees	(6,972)		3,714
Total net loans	11,414,814		10,631,349
Single Family - Mortgage & Warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	4,359,472		4,722,304
Allowance for credit losses - loans	(26,604)	(25,901)	(25,899)	(22,290)	(20,905)
Multifamily and Commercial Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	2,470,454		2,263,054
Allowance for credit losses - loans	(13,146)	(4,718)	(4,719)	(3,807)	(4,054)
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	3,180,453		2,297,920
Allowance for credit losses - loans	(57,928)	(21,052)	(21,052)	(14,632)	(9,202)
Commercial & Industrial - Non-RE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	1,123,869		885,320
Allowance for credit losses - loans	(28,460)	(9,954)	(9,954)	(9,544)	(10,438)
Auto & Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	362,180		341,365
Allowance for credit losses - loans	(6,519)	(9,461)	(9,462)	(6,339)	(4,127)
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	58,316		193,479
Allowance for credit losses - loans	$ (301)	$ (4,721)	$ (4,721)	$ (473)	$ (425)

LOANS & ALLOWANCE FOR CREDIT _4

LOANS & ALLOWANCE FOR CREDIT LOSSES-LOANS - ACTIVITY FOR ALLOWANCE FOR CREDIT LOSSES-LOANS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Allowance for Credit Losses - Loans
Balance, beginning of period				$ 75,807				$ 57,085	$ 75,807	$ 57,085	$ 49,151
Provision for credit losses	$ 1,250	$ 2,700	$ 8,000	11,800	$ 6,500	$ 28,500	$ 4,500	2,700	23,750	42,200	27,350
Charge-offs									(16,558)	(25,833)	(19,663)
Transfers to held for sale									0	0	(2,356)
Recoveries									2,659	2,355	2,603
Balance, end of period	$ 132,958				75,807				132,958	75,807	57,085
Impact of ASC 326 Adoption
Allowance for Credit Losses - Loans
Balance, beginning of period				$ 47,300				$ 0	$ 47,300	0	0
Balance, end of period					$ 47,300					$ 47,300	$ 0

LOANS & ALLOWANCE FOR CREDIT _5

LOANS & ALLOWANCE FOR CREDIT LOSSES-LOANS - NARRATIVE (Details)	12 Months Ended
	Jun. 30, 2021USD ($)loan	Jun. 30, 2020USD ($)loan	Jun. 30, 2019USD ($)
Financing Receivable, Impaired [Line Items]
Number of new related party loans | loan	1	5
Amount received from new related party loans	$ 1,400,000	$ 8,500,000
Loans with related parties, number of loans refinanced | loan	4
Loans with related parties, amount of loans refinanced	$ 10,000,000
Principal payments received on related party loans	7,000,000	7,900,000
Ending balance of related party loans	23,800,000	14,500,000
Interest earned on related party loans	100,000	200,000
Purchased loans serviced by others, amount	$ 44,700,000	$ 49,400,000
Purchased loans serviced by others, percent	0.39%	0.46%
Interest recognized on performing loans temporarily modified as TDRs	$ 0	$ 0	$ 0
Average balances of impaired loans and leases	142,000,000	60,600,000	39,500,000
Interest income recognized	0	$ 0	0
Loans granted forbearance or deferral	$ 0
Nonaccrual
Financing Receivable, Impaired [Line Items]
Ratio of nonaccrual loans and leases considered TDRs	0.55%	0.34%
Period over which borrowers can make timely payments after TDR considered non-performing (in months)	6 months
Performing
Financing Receivable, Impaired [Line Items]
Amount in performing TDRs	$ 0	$ 0	$ 0
Number of TDRs classified as performing loans | loan	0	0
Single Family - Mortgage & Warehouse
Financing Receivable, Impaired [Line Items]
Interest only loans	$ 1,074,300,000
Option adjustable-rate mortgage loans	$ 900,000
Single Family - Mortgage & Warehouse | Nonaccrual
Financing Receivable, Impaired [Line Items]
Ratio of nonaccrual loans that are single family mortgage	72.80%
Auto & Consumer
Financing Receivable, Impaired [Line Items]
Loans granted forbearance or deferral	$ 900,000
Fixed Interest Rate
Financing Receivable, Impaired [Line Items]
Percent of loans by interest rate type	14.90%
Adjustable Interest Rate
Financing Receivable, Impaired [Line Items]
Percent of loans by interest rate type	85.10%

LOANS & ALLOWANCE FOR CREDIT _6

LOANS & ALLOWANCE FOR CREDIT LOSSES-LOANS - ACTIVITY FOR ALLOWANCE FOR CREDIT LOSSES-LOANS BY PORTFOLIO CLASSES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Allowance for Credit Losses - Loans
Balance, beginning of period				$ 75,807				$ 57,085	$ 75,807	$ 57,085	$ 49,151
Provision for credit losses	$ 1,250	$ 2,700	$ 8,000	11,800	$ 6,500	$ 28,500	$ 4,500	2,700	23,750	42,200	27,350
Charge-offs									(16,558)	(25,833)	(19,663)
Transfers to held for sale									0	0	(2,356)
Recoveries									2,659	2,355	2,603
Balance, end of period	132,958				75,807				132,958	75,807	57,085
Single Family - Mortgage & Warehouse
Allowance for Credit Losses - Loans
Balance, beginning of period				25,899				22,290	25,899	22,290	20,905
Provision for credit losses									(3,242)	3,546	1,777
Charge-offs									(2,502)	(203)	(799)
Transfers to held for sale											0
Recoveries									131	266	407
Balance, end of period	26,604				25,899				26,604	25,899	22,290
Multifamily and Commercial Mortgage
Allowance for Credit Losses - Loans
Balance, beginning of period				4,719				3,807	4,719	3,807	4,054
Provision for credit losses									1,196	793	(356)
Charge-offs									(177)	0	0
Transfers to held for sale											0
Recoveries									0	119	109
Balance, end of period	13,146				4,719				13,146	4,719	3,807
Commercial Real Estate
Allowance for Credit Losses - Loans
Balance, beginning of period				21,052				14,632	21,052	14,632	9,202
Provision for credit losses									11,238	6,420	5,430
Charge-offs									(255)	0	0
Transfers to held for sale											0
Recoveries									0	0	0
Balance, end of period	57,928				21,052				57,928	21,052	14,632
Commercial & Industrial - Non-RE
Allowance for Credit Losses - Loans
Balance, beginning of period				9,954				9,544	9,954	9,544	10,438
Provision for credit losses									14,251	4,542	255
Charge-offs									(2,833)	(4,132)	(1,149)
Transfers to held for sale											0
Recoveries									46	0	0
Balance, end of period	28,460				9,954				28,460	9,954	9,544
Auto & Consumer
Allowance for Credit Losses - Loans
Balance, beginning of period				9,462				6,339	9,462	6,339	4,127
Provision for credit losses									(1,354)	7,429	5,731
Charge-offs									(3,517)	(5,047)	(3,752)
Transfers to held for sale											0
Recoveries									1,318	741	233
Balance, end of period	6,519				9,462				6,519	9,462	6,339
Other
Allowance for Credit Losses - Loans
Balance, beginning of period				4,721				473	4,721	473	425
Provision for credit losses									1,661	19,470	14,513
Charge-offs									(7,274)	(16,451)	(13,963)
Transfers to held for sale											(2,356)
Recoveries									1,164	1,229	1,854
Balance, end of period	$ 301				4,721				301	4,721	473
Impact of ASC 326 Adoption
Allowance for Credit Losses - Loans
Balance, beginning of period				47,300				$ 0	47,300	0	0
Balance, end of period					47,300					47,300	$ 0
Impact of ASC 326 Adoption | Single Family - Mortgage & Warehouse
Allowance for Credit Losses - Loans
Balance, beginning of period				6,318					6,318
Balance, end of period					6,318					6,318
Impact of ASC 326 Adoption | Multifamily and Commercial Mortgage
Allowance for Credit Losses - Loans
Balance, beginning of period				7,408					7,408
Balance, end of period					7,408					7,408
Impact of ASC 326 Adoption | Commercial Real Estate
Allowance for Credit Losses - Loans
Balance, beginning of period				25,893					25,893
Balance, end of period					25,893					25,893
Impact of ASC 326 Adoption | Commercial & Industrial - Non-RE
Allowance for Credit Losses - Loans
Balance, beginning of period				7,042					7,042
Balance, end of period					7,042					7,042
Impact of ASC 326 Adoption | Auto & Consumer
Allowance for Credit Losses - Loans
Balance, beginning of period				610					610
Balance, end of period					610					610
Impact of ASC 326 Adoption | Other
Allowance for Credit Losses - Loans
Balance, beginning of period				$ 29					$ 29
Balance, end of period					$ 29					$ 29

LOANS & ALLOWANCE FOR CREDIT _7

LOANS & ALLOWANCE FOR CREDIT LOSSES-LOANS - NONACCRUAL LOANS (Details) $ in Thousands	Jun. 30, 2021USD ($)
Financing Receivable, Nonaccrual [Line Items]
With Allowance	$ 67,878
With No Allowance	77,317
Total	$ 145,195
Nonaccrual loans to total loans (as a percent)	1.26%
Single Family - Mortgage & Warehouse
Financing Receivable, Nonaccrual [Line Items]
With Allowance	$ 45,951
With No Allowance	59,757
Total	105,708
Multifamily and Commercial Mortgage
Financing Receivable, Nonaccrual [Line Items]
With Allowance	2,916
With No Allowance	17,512
Total	20,428
Commercial Real Estate
Financing Receivable, Nonaccrual [Line Items]
With Allowance	15,839
With No Allowance	0
Total	15,839
Commercial & Industrial - Non-RE
Financing Receivable, Nonaccrual [Line Items]
With Allowance	2,942
With No Allowance	0
Total	2,942
Auto & Consumer
Financing Receivable, Nonaccrual [Line Items]
With Allowance	230
With No Allowance	48
Total	$ 278

LOANS & ALLOWANCE FOR CREDIT _8

LOANS & ALLOWANCE FOR CREDIT LOSSES-LOANS - UNPAID PRINCIPAL BALANCE FOR PERFORMING AND NONACCRUAL (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	$ 11,554,744	$ 10,703,442
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	4,359,472	4,722,304
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	2,470,454	2,263,054
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	3,180,453	2,297,920
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	1,123,869	885,320
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	362,180	341,365
Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	58,316	193,479
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	11,409,549	10,615,501
Performing | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	4,253,764	4,638,274
Performing | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	2,450,026	2,259,629
Performing | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	3,164,614	2,297,920
Performing | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	1,120,927	885,107
Performing | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	361,902	341,092
Performing | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	58,316	193,479
Nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	145,195	87,941
Nonaccrual | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	105,708	84,030
Nonaccrual | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	20,428	3,425
Nonaccrual | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	15,839	0
Nonaccrual | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	2,942	213
Nonaccrual | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	278	273
Nonaccrual | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total gross loans and leases	$ 0	$ 0

LOANS & ALLOWANCE FOR CREDIT _9

LOANS & ALLOWANCE FOR CREDIT LOSSES-LOANS - LOANS BY AMORTIZED COST BASIS BY YEAR OF ORIGINATION AND CREDIT QUALITY INDICATOR (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
2021	$ 3,162,591
2020	2,569,517
2019	1,466,370
2018	984,121
2017	595,843
Prior	1,048,517
Revolving Loans	1,727,785
Revolving Loans Converted to Loans HFI	0
Total	$ 11,554,744	$ 10,703,442
As a % of total gross loans and leases
2021	27.37%
2020	22.24%
2019	12.69%
2018	8.52%
2017	5.16%
Prior	9.07%
Revolving Loans	14.95%
Revolving Loans Converted to Loans HFI	0.00%
Total	100.00%
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2021	$ 962,866
2020	769,276
2019	515,909
2018	492,004
2017	372,740
Prior	632,553
Revolving Loans	614,124
Revolving Loans Converted to Loans HFI	0
Total	4,359,472	4,722,304
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	641,817
2020	609,877
2019	377,100
2018	300,107
2017	197,814
Prior	343,739
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	2,470,454	2,263,054
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,335,963
2020	980,924
2019	482,786
2018	130,818
2017	0
Prior	63,750
Revolving Loans	186,212
Revolving Loans Converted to Loans HFI	0
Total	3,180,453	2,297,920
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2021	48,385
2020	92,565
2019	20,046
2018	26,745
2017	8,679
Prior	0
Revolving Loans	927,449
Revolving Loans Converted to Loans HFI	0
Total	1,123,869	885,320
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2021	156,482
2020	78,966
2019	70,529
2018	32,784
2017	15,961
Prior	7,458
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	362,180	341,365
Other
Financing Receivable, Credit Quality Indicator [Line Items]
2021	17,078
2020	37,909
2019	0
2018	1,663
2017	649
Prior	1,017
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	58,316	$ 193,479
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2021	3,154,485
2020	2,441,883
2019	1,367,747
2018	932,562
2017	571,744
Prior	988,927
Revolving Loans	1,697,453
Revolving Loans Converted to Loans HFI	0
Total	11,154,801
Pass | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2021	962,787
2020	726,941
2019	492,421
2018	470,287
2017	351,274
Prior	576,197
Revolving Loans	585,785
Revolving Loans Converted to Loans HFI	0
Total	4,165,692
Pass | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	636,870
2020	571,530
2019	357,900
2018	288,698
2017	195,257
Prior	340,553
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	2,390,808
Pass | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,335,963
2020	946,723
2019	430,513
2018	114,979
2017	0
Prior	63,750
Revolving Loans	184,219
Revolving Loans Converted to Loans HFI	0
Total	3,076,147
Pass | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2021	45,396
2020	80,139
2019	16,842
2018	24,210
2017	8,679
Prior	0
Revolving Loans	927,449
Revolving Loans Converted to Loans HFI	0
Total	1,102,715
Pass | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2021	156,391
2020	78,641
2019	70,071
2018	32,725
2017	15,885
Prior	7,410
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	361,123
Pass | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2021	17,078
2020	37,909
2019	0
2018	1,663
2017	649
Prior	1,017
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	58,316
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2021	109
2020	57,392
2019	41,045
2018	7,145
2017	7,755
Prior	19,787
Revolving Loans	30,332
Revolving Loans Converted to Loans HFI	0
Total	163,565
Special Mention | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2021	79
2020	9,972
2019	7,102
2018	4,093
2017	6,434
Prior	18,347
Revolving Loans	28,339
Revolving Loans Converted to Loans HFI	0
Total	74,366
Special Mention | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	26,224
2019	18,132
2018	855
2017	1,321
Prior	1,409
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	47,941
Special Mention | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	9,359
2019	15,487
2018	0
2017	0
Prior	0
Revolving Loans	1,993
Revolving Loans Converted to Loans HFI	0
Total	26,839
Special Mention | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	11,693
2019	262
2018	2,197
2017	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	14,152
Special Mention | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2021	30
2020	144
2019	62
2018	0
2017	0
Prior	31
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	267
Special Mention | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	0
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2021	7,997
2020	70,242
2019	57,578
2018	44,414
2017	16,344
Prior	39,803
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	236,378
Substandard | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	32,363
2019	16,386
2018	17,624
2017	15,032
Prior	38,009
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	119,414
Substandard | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	4,947
2020	12,123
2019	1,068
2018	10,554
2017	1,236
Prior	1,777
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	31,705
Substandard | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	24,842
2019	36,786
2018	15,839
2017	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	77,467
Substandard | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2021	2,989
2020	733
2019	2,942
2018	338
2017	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	7,002
Substandard | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2021	61
2020	181
2019	396
2018	59
2017	76
Prior	17
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	790
Substandard | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	0
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	0
Doubtful | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	0
Doubtful | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	0
Doubtful | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	0
Doubtful | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	0
Doubtful | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	0
Doubtful | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	0
Revolving Loans	0
Revolving Loans Converted to Loans HFI	0
Total	$ 0

LOANS & ALLOWANCE FOR CREDIT_10

LOANS & ALLOWANCE FOR CREDIT LOSSES-LOANS - PAST DUE LOANS AND LEASES (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Financing Receivable, Past Due [Line Items]
Total	$ 202,688	$ 122,355
As a % of gross loans and leases	1.75%	1.13%
Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 139,871	$ 107,859
Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	21,929	13,031
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	36,786	0
Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	2,960	0
Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	1,142	1,465
Other
Financing Receivable, Past Due [Line Items]
Total	0	0
30-59 Days
Financing Receivable, Past Due [Line Items]
Total	$ 69,528	$ 26,648
As a % of gross loans and leases	0.60%	0.25%
30-59 Days | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 24,150	$ 17,931
30-59 Days | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	7,991	7,744
30-59 Days | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	36,786	0
30-59 Days | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	0	0
30-59 Days | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	601	973
30-59 Days | Other
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days
Financing Receivable, Past Due [Line Items]
Total	$ 48,674	$ 28,568
As a % of gross loans and leases	0.42%	0.27%
60-89 Days | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 46,552	$ 23,115
60-89 Days | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	1,816	5,287
60-89 Days | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	0	0
60-89 Days | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	306	166
60-89 Days | Other
Financing Receivable, Past Due [Line Items]
Total	0	0
90+ Days
Financing Receivable, Past Due [Line Items]
Total	$ 84,486	$ 67,139
As a % of gross loans and leases	0.73%	0.63%
90+ Days | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 69,169	$ 66,813
90+ Days | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	12,122	0
90+ Days | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	0
90+ Days | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total	2,960	0
90+ Days | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	235	326
90+ Days | Other
Financing Receivable, Past Due [Line Items]
Total	$ 0	$ 0

LOANS & ALLOWANCE FOR CREDIT_11

LOANS & ALLOWANCE FOR CREDIT LOSSES-LOANS - ALLOWANCE FOR LOAN LOSS AND RESERVE FOR UNFUNDED LOAN COMMITMENTS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Allowance for Credit Losses - Loans
Balance, beginning of period				$ 75,807				$ 57,085	$ 75,807	$ 57,085	$ 49,151
Provision for credit losses	$ 1,250	$ 2,700	$ 8,000	11,800	$ 6,500	$ 28,500	$ 4,500	2,700	23,750	42,200	27,350
Charge-offs									(16,558)	(25,833)	(19,663)
Recoveries									2,659	2,355	2,603
Balance, end of period	132,958				75,807				132,958	75,807	57,085
Unfunded Loan Commitment Liabilities
Balance, beginning of period				323				227	323	227
Provision for Credit Losses									(300)	96
Charge-offs									0	0
Recoveries									0	0
Balance, end of period	5,723				323				5,723	323	227
Total Allowance for Credit Losses
Balance, beginning of period				76,130				57,312	76,130	57,312
Provision for Credit Losses									23,450	42,296
Charge-offs									(16,558)	(25,833)
Recoveries									2,659	2,355
Balance, end of period	$ 138,681				76,130				138,681	76,130	57,312
Impact of ASC 326 Adoption
Allowance for Credit Losses - Loans
Balance, beginning of period				47,300				$ 0	47,300	0	0
Balance, end of period					47,300					47,300	$ 0
Unfunded Loan Commitment Liabilities
Balance, beginning of period				5,700					5,700
Balance, end of period					5,700					5,700
Total Allowance for Credit Losses
Balance, beginning of period				$ 53,000					$ 53,000
Balance, end of period					$ 53,000					$ 53,000

OFFSETTING OF SECURITIES FINA_3

OFFSETTING OF SECURITIES FINANCING AGREEMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Assets:
Securities borrowed, gross assets	$ 619,088	$ 222,368
Securities borrowed, amounts offset	0	0
Securities borrowed, net balance sheet amount	619,088	222,368
Securities borrowed, financial collateral	619,088	222,368
Securities borrowed, net assets	0	0
Liabilities:
Securities loaned, gross liabilities	728,988	255,945
Securities loaned, amounts offset	0	0
Securities loaned, net balance sheet amount	728,988	255,945
Securities loaned, financial collateral	728,988	255,945
Securities loaned, net liabilities	$ 0	$ 0

CUSTOMER, BROKER-DEALER AND C_3

CUSTOMER, BROKER-DEALER AND CLEARING RECEIVABLES AND PAYABLES (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Receivables:
Customers	$ 326,176	$ 211,386
Receivable from broker-dealers	38,887	6,782
Securities failed to deliver	4,752	2,098
Total customer, broker-dealer and clearing receivables	369,815	220,266
Payables:
Customers	497,098	324,628
Payable to broker-dealers	31,203	20,382
Securities failed to receive	7,124	2,604
Total customer, broker-dealer and clearing payables	$ 535,425	$ 347,614

FURNITURE, EQUIPMENT AND SOFT_3

FURNITURE, EQUIPMENT AND SOFTWARE (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Property, Plant and Equipment [Line Items]
Furniture, equipment and software, gross	$ 97,831	$ 87,669
Less accumulated depreciation and amortization	(71,535)	(57,105)
Furniture, equipment and software—net	26,296	30,564
Depreciation and amortization	14,400	14,900	$ 11,700
Leasehold improvements
Property, Plant and Equipment [Line Items]
Furniture, equipment and software, gross	5,556	5,434
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Furniture, equipment and software, gross	7,793	7,749
Computer hardware and equipment
Property, Plant and Equipment [Line Items]
Furniture, equipment and software, gross	24,396	22,932
Software
Property, Plant and Equipment [Line Items]
Furniture, equipment and software, gross	$ 60,086	$ 51,554

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - ACTIVITY IN GOODWILL BALANCE (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment	$ 0	$ 0
Changes to goodwill	0	0
Goodwill [Roll Forward]
Goodwill, beginning balance	71,222,000	71,222,000
Goodwill from acquisitions	0	0
Goodwill, ending balance	$ 71,222,000	$ 71,222,000

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - SUMMARY OF ACQUIRED INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 24,754	$ 14,958
Net Carrying Amount	44,371
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	69,503	69,125
Accumulated Amortization	24,754	14,958
Net Carrying Amount	44,749	54,167
Trademark
Indefinite-lived Intangible Assets [Line Items]
Trademark	378	0
Covenant not to compete
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	930	930
Accumulated Amortization	756	523
Net Carrying Amount	174	407
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	756	523
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	31,310	31,310
Accumulated Amortization	7,110	4,498
Net Carrying Amount	24,200	26,812
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	7,110	4,498
Customer deposit intangible
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	13,545	13,545
Accumulated Amortization	5,829	3,756
Net Carrying Amount	7,716	9,789
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	5,829	3,756
Developed technologies
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	23,050	23,050
Accumulated Amortization	10,769	5,963
Net Carrying Amount	12,281	17,087
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	10,769	5,963
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	290	290
Accumulated Amortization	290	218
Net Carrying Amount	0	72
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ 290	$ 218

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - WEIGHTED AVERAGE USEFUL LIFE OF ACQUIRED INTANGIBLE ASSETS (Details)	12 Months Ended
	Jun. 30, 2021
Covenant not to compete
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Useful Lives (Years)	4 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Useful Lives (Years)	12 years
Customer deposit intangible
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Useful Lives (Years)	10 years
Developed technologies
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Useful Lives (Years)	5 years
Trade name
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Useful Lives (Years)	3 years

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - ESTIMATED FUTURE AMORTIZATION EXPENSE OF ACQUIRED INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of expense of intangible assets	$ 9,800	$ 9,500
For the fiscal year ending June 30,
2022	8,441
2023	8,020
2024	7,551
2025	4,061
2026	2,927
Thereafter	13,371
Net Carrying Amount	$ 44,371

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease expense	$ 10.6	$ 10.5	$ 7.8

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Operating lease right-of-use assets	$ 64,077	$ 73,014
Operating lease liabilities	$ 70,119	$ 76,827
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accounts payable and accrued liabilities and other liabilities	Accounts payable and accrued liabilities and other liabilities
Weighted-average remaining lease term:
Weighted- average remaining lease term, operating leases (in years)	8 years 3 months 18 days	9 years 1 month 13 days
Weighted-average discount rate:
Weighted-average discount rate, operating leases	2.90%	2.90%

LEASES - Maturities of Lease Li

LEASES - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Operating Leases, After Adoption of 842:
Within one year	$ 9,548
After one year and within two years	9,820
After two years and within three years	9,422
After three years and within four years	8,791
After four years and within five years	8,031
After five years	33,937
Total lease payments	79,549
Less: amount representing interest	(9,430)
Total Lease Liability	$ 70,119	$ 76,827
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Accounts payable and accrued liabilities and other liabilities	Accounts payable and accrued liabilities and other liabilities

DEPOSITS - SUMMARY OF DEPOSIT A

DEPOSITS - SUMMARY OF DEPOSIT ACCOUNTS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Non-interest bearing
Non-interest bearing, Amount	$ 2,474,424	$ 1,936,661
Interest bearing:
Demand, Amount	$ 3,369,845	$ 3,456,127
Demand, Rate	0.15%	0.37%
Savings, Amount	$ 3,458,687	$ 3,697,188
Savings, Rate	0.21%	0.78%
Total demand and savings, Amount	$ 6,828,532	$ 7,153,315
Total demand and savings, Rate	0.18%	0.58%
Time deposits:
$250 and under, Amount	$ 1,070,139	$ 1,584,034
$250 and under, Rate	1.30%	2.12%
Greater than $250, Amount	$ 442,702	$ 662,684
Greater than $250, Rate	1.03%	1.39%
Total time deposits, Amount	$ 1,512,841	$ 2,246,718
Total time deposits, Rate	1.22%	1.91%
Total interest bearing, Amount	$ 8,341,373	$ 9,400,033
Total interest bearing, Rate	0.37%	0.90%
Total deposits	$ 10,815,797	$ 11,336,694
Total deposits, Rate	0.29%	0.75%
Time deposits acquired through broker relationships	$ 621,400	$ 1,318,000
Time deposits acquired through broker relationships, $250,000 and under	$ 380,000	$ 603,600

DEPOSITS - SCHEDULED MATURITIES

DEPOSITS - SCHEDULED MATURITIES OF TIME DEPOSITS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Deposits [Abstract]
Within 12 months	$ 1,021,465
13 to 24 months	214,232
25 to 36 months	125,943
37 to 48 months	138,485
49 to 60 months	12,716
Thereafter	0
Total time deposits, Amount	1,512,841	$ 2,246,718
Deposits from principal officers, directors and their affiliates	$ 3,200	$ 2,700

ADVANCES FROM THE FEDERAL HOM_3

ADVANCES FROM THE FEDERAL HOME LOAN BANK - NARRATIVE (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Federal Home Loan Bank, Advances [Line Items]
Weighted average rate percentage	1.18%	2.22%
Advances, collateral pledged	$ 4,286.1	$ 4,806.9
Advances, maximum amount	353.5	$ 1,462.5	$ 3,424
Advances, amount available immediately	2,292.9
Advances, amount available with additional collateral	$ 3,076.5
Advances, amount available with additional collateral, term (in years)	10 years
Minimum
Federal Home Loan Bank, Advances [Line Items]
Interest rate percentage	0.15%	0.00%
Maximum
Federal Home Loan Bank, Advances [Line Items]
Interest rate percentage	2.86%	2.89%

ADVANCES FROM THE FEDERAL HOM_4

ADVANCES FROM THE FEDERAL HOME LOAN BANK - SCHEDULED MATURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Amount
Within one year	$ 236,000	$ 75,000
After one but within two years	27,500	50,000
After two but within three years	0	27,500
After three but within four years	30,000	0
After four but within five years	0	30,000
After five years	60,000	60,000
Total	$ 353,500	$ 242,500
Weighted-Average Rate
Within one year	0.64%	1.99%
After one but within two years	2.08%	2.47%
After two but within three years	0.00%	2.08%
After three but within four years	2.82%	0.00%
After four but within five years	0.00%	2.82%
After five years	2.07%	2.07%
Total	1.18%	2.22%
Term advances	$ 186,000	$ 0

BORROWINGS, SUBORDINATED NOTE_3

BORROWINGS, SUBORDINATED NOTES AND DEBENTURES - SCHEDULE OF BORROWINGS, SUBORDINATED NOTES AND DEBENTURES (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Debt Instrument [Line Items]
Less unamortized issuance costs	$ (2,397)	$ (1,218)
Total borrowings, subordinated notes and debentures	221,358	235,789
Borrowings from other banks
Debt Instrument [Line Items]
Long-term debt	36,200	21,500
Paycheck protection program liquidity facility advances
Debt Instrument [Line Items]
Long-term debt	0	151,952
Total borrowings, subordinated notes and debentures	0
Subordinated loans
Debt Instrument [Line Items]
Long-term debt	7,400	7,400
Total borrowings, subordinated notes and debentures	7,400
Subordinated notes
Debt Instrument [Line Items]
Long-term debt	175,000	51,000
Junior subordinated debentures
Debt Instrument [Line Items]
Long-term debt	$ 5,155	$ 5,155

BORROWINGS, SUBORDINATED NOTE_4

BORROWINGS, SUBORDINATED NOTES AND DEBENTURES - NARRATIVE (Details)	Mar. 31, 2021USD ($)	Jan. 28, 2019USD ($)	Dec. 13, 2004USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2021USD ($)bank	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Debt Instrument [Line Items]
Borrowings, subordinated notes and debentures					$ 221,358,000	$ 235,789,000
Repayment of subordinated loans					51,000,000	0	$ 0
Borrowings from other banks
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 175,000,000
Federal funds lines of credit, number of banks | bank					2
Credit line amount outstanding					$ 0	0
Federal reserve bank advances
Debt Instrument [Line Items]
Short-term borrowings outstanding					0	0
Maximum borrowing capacity					2,091,300,000	$ 1,783,400,000
Secured lines of credit
Debt Instrument [Line Items]
Maximum borrowing capacity					133,800,000
Borrowings, subordinated notes and debentures					$ 36,200,000
Weighted average interest rate of borrowings (as percent)					1.75%
Unsecured line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 50,000,000
Borrowings, subordinated notes and debentures					0
Paycheck protection program liquidity facility advances
Debt Instrument [Line Items]
Borrowings, subordinated notes and debentures					$ 0
Borrowings interest rate (as percent)					0.35%
Subordinated loans
Debt Instrument [Line Items]
Borrowings, subordinated notes and debentures					$ 7,400,000
Debt issued principal amount		$ 7,500,000
Subordinated notes maturity (in months)		15 months
Effective rate (as percent)		6.25%
Repayment of subordinated loans							$ 100,000
Subordinated notes
Debt Instrument [Line Items]
Debt issued principal amount				$ 175,000,000
Effective rate (as percent)				4.875%
Subordinated notes | Subordinated Notes due 2026
Debt Instrument [Line Items]
Borrowings interest rate (as percent)	6.25%
Redemption of note	$ 51,000,000
Percentage of principal amount redeemed	100.00%
Subordinated notes | Secured Overnight Financing Rate
Debt Instrument [Line Items]
Basis spread on variable rate				4.76%
Junior subordinated debentures
Debt Instrument [Line Items]
Effective rate (as percent)					2.55%
Basis spread on variable rate					2.40%
Trust preferred securities			$ 5,000,000
Borrowings, subordinated notes and debentures					$ 5,200,000
Junior subordinated debentures | LIBOR
Debt Instrument [Line Items]
Description of variable rate basis					three-month LIBOR

INCOME TAXES - COMPONENTS OF IN

INCOME TAXES - COMPONENTS OF INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Current:
Federal									$ 61,827	$ 51,893	$ 42,065
State									37,037	33,852	24,296
Current income taxes									98,864	85,745	66,361
Deferred:
Federal									(5,562)	(3,814)	(5,483)
State									(3,266)	(2,737)	(3,203)
Deferred income taxes									(8,828)	(6,551)	(8,686)
Total	$ 21,090	$ 22,404	$ 23,728	$ 22,814	$ 22,630	$ 23,811	$ 16,867	$ 15,886	$ 90,036	$ 79,194	$ 57,675

INCOME TAXES - EFFECTIVE INCOME

INCOME TAXES - EFFECTIVE INCOME TAX RATE RECONCILIATION (Details)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Statutory federal tax rate	21.00%	21.00%	21.00%
Increase (decrease) resulting from:
State taxes—net of federal tax benefit	8.70%	9.27%	8.66%
Cash surrender value	(0.01%)	(0.02%)	(0.06%)
Deferred tax asset write-off	0.00%	0.77%	0.00%
Tax credits	(0.59%)	(0.77%)	(1.55%)
Non-taxable income	(0.09%)	(0.10%)	(0.15%)
Excess benefit RSU vesting	(0.64%)	(0.05%)	(0.95%)
Other	1.08%	0.05%	0.15%
Effective tax rate	29.45%	30.15%	27.10%

INCOME TAXES - NET DEFERRED TAX

INCOME TAXES - NET DEFERRED TAX ASSET (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Deferred tax assets:
Allowance for loan and lease losses and charge-offs	$ 51,663	$ 30,705
State taxes	903	2,682
Stock-based compensation expense	4,891	4,249
Unrealized net losses on securities	0	1,135
Deferred bonus / vacation	3,388	2,385
Securities impaired	266	266
Deferred loan fees	4,182	2,900
Lease liability	1,959	1,236
Net operating loss carryforward	1,811	2,244
Total deferred tax assets	69,063	47,802
Deferred tax liabilities:
FHLB stock dividend	(830)	(830)
Other assets—prepaids	(2,717)	(2,095)
Depreciation and amortization	(9,998)	(13,111)
Unrealized net gains on securities	(1,155)	0
Total deferred tax liabilities	(14,700)	(16,036)
Net deferred tax asset	$ 54,363	$ 31,766

INCOME TAXES - NARRATIVE (Detai

INCOME TAXES - NARRATIVE (Details) - USD ($)	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Operating Loss Carryforwards [Line Items]
Stock-based compensation deferred tax asset write-off	$ 0	$ 6,800,000
Increase in tax expense due to write-off		$ 2,000,000
Deferred tax liability recognized from acquisition			$ 2,200,000
Reduction in effective tax rate for tax credits received (as percent)	0.59%	0.77%	1.55%
Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforward	$ 7,400,000
Annual 382 limitation	2,300,000
State
Operating Loss Carryforwards [Line Items]
Operating loss carryforward	2,300,000
Annual 382 limitation	100,000
Operating loss carryfoward, subject to limitation	$ 1,800,000

INCOME TAXES - UNRECOGNIZED TAX

INCOME TAXES - UNRECOGNIZED TAX BENEFITS (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance—beginning of period	$ 813	$ 1,084	$ 1,135
Additions—current year tax positions	355	115	107
Additions—prior year tax positions	2,205	31	0
Reductions—prior year tax positions	(4)	(417)	(158)
Total liability for unrecognized tax positions—end of period	$ 3,369	$ 813	$ 1,084

STOCKHOLDERS' EQUITY - NARRATIV

STOCKHOLDERS' EQUITY - NARRATIVE (Details) - USD ($)	Oct. 30, 2020	Aug. 02, 2019	Mar. 17, 2016	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Class of Stock [Line Items]
Share repurchased amount				$ 16,757,000	$ 38,858,000	$ 56,437,000
Preferred stock, par or stated value (in dollars per share)				$ 0.01	$ 0.01
Cash dividends on preferred stock				$ 103,000	$ 309,000	309,000
Common Stock
Class of Stock [Line Items]
Stock repurchased program, authorized amount		$ 100,000,000	$ 100,000,000
Share repurchased amount		$ 47,200,000	$ 100,000,000	$ 16,800,000
Purchase of treasury stock, outstanding (in shares)		2,399,853	3,567,051	753,597
Average price of shares repurchased (in dollars per share)		$ 19.68	$ 28.03	$ 22.24
Remaining authorized repurchase amount				$ 52,800,000
Series A Preferred Stock
Class of Stock [Line Items]
Redeemed stock (in shares)	515
Preferred stock, dividend rate percent	6.00%
Preferred stock, par or stated value (in dollars per share)	$ 10,000			$ 10,000	$ 10,000
Cash dividends on preferred stock				$ 100,000	$ 300,000	$ 300,000

STOCK-BASED COMPENSATION - NARR

STOCK-BASED COMPENSATION - NARRATIVE (Details) $ in Thousands	Jul. 01, 2017USD ($)tranche	Jun. 30, 2021USD ($)shares	Jun. 30, 2020USD ($)shares	Jun. 30, 2019USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense | $		$ 20,685	$ 21,935	$ 23,439
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock granted (in shares)		617,833	714,569
Number of restricted stock cancelled (in shares)		176,113	122,217
Unrecognized compensation expense related to non-vested awards | $		$ 28,105
Stock-based compensation expense | $		20,700	$ 21,900	23,400
Tax benefit from stock-based compensation expense | $		6,100	6,600	6,400
Total fair value of shares vested in the period | $		$ 24,400	$ 17,100	$ 22,100
Restricted Stock Units (RSUs) | Employees and Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for options granted (in years)		3 years	3 years	3 years
Number of restricted stock granted (in shares)		617,833	714,569	623,249
Number of restricted stocks vested (in shares)		666,790	693,660	699,223
Number of restricted stock cancelled (in shares)		159,620	122,217	90,909
Restricted Stock Units (RSUs) | Employees and Directors | Year One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage		33.30%	33.30%	33.30%
Restricted Stock Units (RSUs) | Employees and Directors | Year Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage		33.30%	33.30%	33.30%
Restricted Stock Units (RSUs) | Employees and Directors | Year Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage		33.30%	33.30%	33.30%
Restricted Stock Units (RSUs) | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for options granted (in years)				4 years
Number of restricted stock granted (in shares)		0	0	480,000
Estimated fair value of non-vested awards | $	$ 20,500
Number of vesting tranches during requisite service period | tranche	5
Requisite service period of equity-based award agreement based on service and market conditions (in years)	9 years
Period for recognition of unrecognized compensation expense related to non-vested awards (in years)		5 years
Unrecognized compensation expense related to non-vested awards | $		$ 4,800
Restricted Stock Units (RSUs) | Chief Executive Officer | Year One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage				25.00%
Restricted Stock Units (RSUs) | Chief Executive Officer | Year Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage				25.00%
Restricted Stock Units (RSUs) | Chief Executive Officer | Year Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage				25.00%
Restricted Stock Units (RSUs) | Chief Executive Officer | Year Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares grants, annual vesting percentage				25.00%
Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term for options granted under the plan (in years)		10 years
Plans | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for options granted (in years)		3 years
Plans | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for options granted (in years)		5 years
2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)		4,680,000
Number of shares available for issuance (in shares)		1,537,686

STOCK-BASED COMPENSATION - UNRE

STOCK-BASED COMPENSATION - UNRECOGNIZED COMPENSATION EXPENSE (Details) - Restricted Stock Units (RSUs) $ in Thousands	Jun. 30, 2021USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2022	$ 15,014
2023	9,350
2024	3,309
2025	331
2026	101
Total	$ 28,105

STOCK-BASED COMPENSATION - STAT

STOCK-BASED COMPENSATION - STATUS OF CHANGE IN RESTRICTED STOCK GRANTS (Details) - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Number of Units
Non-vested, beginning balance (in shares)	1,445,540	1,546,848
Granted (in shares)	617,833	714,569
Vested (in shares)	(666,790)	(693,660)
Forfeitures (in shares)	(176,113)	(122,217)
Non-vested, ending balance (in shares)	1,220,470	1,445,540
Weighted-Average Grant-Date Fair Value
Non-vested, beginning balance (in dollars per share)	$ 28.62	$ 30.73
Granted (in dollars per share)	32.12	24.05
Vested (in dollars per share)	29.23	28.52
Forfeitures (in dollars per share)	27.42	29.10
Non-vested, ending balance (in dollars per share)	$ 30.18	$ 28.62

EARNINGS PER COMMON SHARE - CAL

EARNINGS PER COMMON SHARE - CALCULATION OF BASIC AND DILUTED EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Common Share
Net income	$ 54,255	$ 53,645	$ 54,785	$ 53,022	$ 45,300	$ 56,057	$ 41,295	$ 40,786	$ 215,707	$ 183,438	$ 155,131
Preferred stock dividends									(103)	(309)	(309)
Preferred stock redemption									(86)	0	0
Net income attributable to common shareholders	$ 54,255	$ 53,645	$ 54,672	$ 52,945	$ 45,223	$ 55,980	$ 41,217	$ 40,709	$ 215,518	$ 183,129	$ 154,822
Average common shares issued and outstanding (in shares)									59,229,495	60,794,555	61,898,447
Average unvested RSUs (in shares)									0	0	0
Total qualifying shares (in shares)									59,229,495	60,794,555	61,898,447
Basic earnings per share (in dollars per share)	$ 0.92	$ 0.91	$ 0.93	$ 0.89	$ 0.76	$ 0.92	$ 0.67	$ 0.66	$ 3.64	$ 3.01	$ 2.50
Diluted Earnings Per Common Share
Dilutive net income attributable to common shareholders									$ 215,518	$ 183,129	$ 154,822
Average common shares issued and outstanding (in shares)									59,229,495	60,794,555	61,898,447
Dilutive effect of stock options and average unvested RSUs (in shares)									1,290,116	643,080	483,618
Total dilutive common shares issued and outstanding (in shares)									60,519,611	61,437,635	62,382,065
Diluted earnings per share (in dollars per share)	$ 0.90	$ 0.89	$ 0.91	$ 0.88	$ 0.75	$ 0.91	$ 0.67	$ 0.66	$ 3.56	$ 2.98	$ 2.48

COMMITMENTS, CONTINGENCIES, A_2

COMMITMENTS, CONTINGENCIES, AND OFF-BALANCE-SHEET ACTIVITIES - NARRATIVE (Details) $ in Thousands	1 Months Ended
	Dec. 31, 2015claim	Jun. 30, 2021USD ($)claim	Jun. 30, 2020USD ($)	Aug. 10, 2017claim
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Weighted average fixed interest rate on commitments to extend credit			3.32%
Off-balance sheet risk, ratio of commitments to originate loans to commitments to sell		48.20%	79.40%
Margin deposits available as collateral		$ 402,900
Stock borrowings available as collateral		619,088	$ 222,368
Available securities used as collateral for securities loaned		728,988	255,945
Available securities used as collateral for bank loans		187,200
Available securities used as collateral for OCC margin requirements		$ 51,600
Number of derivative actions filed | claim	2
Number of derivative actions pending | claim				6
Number of consolidated cases | claim		4
Low income housing project partnerships
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Commitments to contribute capital		$ 15,100	19,300
Loan origination commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment		708,600
Loan origination commitments | Sales commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, commitment		55,900
Loan origination commitments | Fixed Interest Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment		$ 55,000
Weighted average fixed interest rate on commitments to extend credit		1.94%
Loan origination commitments | Fixed Interest Rate | Sales commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, commitment		$ 28,900	240,900
Loan origination commitments | Variable Interest Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment		653,500
Loan origination commitments | Variable Interest Rate | Sales commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, commitment		$ 26,900
Loan purchase and origination commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment			1,001,100
Loan purchase and origination commitments | Fixed Interest Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment			231,800
Loan purchase and origination commitments | Variable Interest Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment			$ 769,300

MINIMUM REGULATORY CAPITAL RE_3

MINIMUM REGULATORY CAPITAL REQUIREMENTS - CAPITAL AMOUNTS, RATIOS, AND REQUIREMENTS UNDER BASEL III (Details) $ in Thousands	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)
Regulatory Capital:
Tier 1, Amount	$ 1,309,496	$ 1,106,393
Common equity tier 1, Amount	1,309,496	1,101,330
Total capital (to risk-weighted assets), Amount	1,587,625	1,240,923
Assets:
Average adjusted, Amount	14,851,462	12,333,030
Total risk-weighted, Amount	$ 11,522,645	$ 9,817,374
Regulatory Capital Ratios:
Tier 1 leverage (core) capital to adjusted average assets, Ratio	0.0882	0.0897
Tier 1 leverage (core) capital to adjusted average assets, Well Capitalized Ratio	0.050
Tier 1 leverage (core) capital to adjusted average assets, Minimum Capital Ratio	0.0400
Common equity tier 1 capital (to risk-weighted assets), Ratio	11.36%	11.22%
Common equity tier 1 capital (to risk-weighted assets), Well Capitalized Ratio	6.50%
Common equity tier 1 capital (to risk-weighted assets), Minimum Capital Ratio	4.50%
Tier 1 capital (to risk-weighted assets), Ratio	0.1136	0.1127
Tier 1 capital (to risk-weighted assets), Well Capitalized Ratio	0.080
Tier 1 capital (to risk-weighted assets), Minimum Capital Ratio	0.060
Total capital (to risk-weighted assets), Ratio	0.1378	0.1264
Total capital (to risk-weighted assets), Well Capitalized Ratio	0.1000
Total capital (to risk-weighted assets), Minimum Capital Ratio	0.080
Common equity tier 1 capital (to risk-weighted assets), minimum capital ratio, inclusive of the capital conservation buffer requirement	7.00%
Tier 1 capital (to risk-weighted assets), minimum capital ratio, inclusive of the capital conservation buffer requirement	8.50%
Total capital (to risk-weighted assets), minimum capital ratio, inclusive of the capital conservation buffer requirement	10.50%
Axos Bank
Regulatory Capital:
Tier 1, Amount	$ 1,262,885	$ 1,080,455
Common equity tier 1, Amount	1,262,885	1,080,455
Total capital (to risk-weighted assets), Amount	1,358,430	1,156,401
Assets:
Average adjusted, Amount	13,359,578	11,679,819
Total risk-weighted, Amount	$ 10,283,135	$ 9,160,365
Regulatory Capital Ratios:
Tier 1 leverage (core) capital to adjusted average assets, Ratio	0.0945	0.0925
Common equity tier 1 capital (to risk-weighted assets), Ratio	12.28%	11.79%
Tier 1 capital (to risk-weighted assets), Ratio	0.1228	0.1179
Total capital (to risk-weighted assets), Ratio	0.1321	0.1262

MINIMUM REGULATORY CAPITAL RE_4

MINIMUM REGULATORY CAPITAL REQUIREMENTS - NET CAPITAL POSITION (Details) - Axos Clearing - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Net capital	$ 35,950	$ 34,022
Less: required net capital	8,046	4,572
Excess capital	$ 27,904	$ 29,450
Net capital as a percentage of aggregate debit items	8.94%	14.88%
Net capital in excess of 5% aggregate debit items	$ 15,836	$ 22,593

MINIMUM REGULATORY CAPITAL RE_5

MINIMUM REGULATORY CAPITAL REQUIREMENTS - SECURITIES BUSINESS NARRATIVE (Details) - Axos Clearing, LLC - USD ($) $ in Millions	Jun. 30, 2021	Jun. 30, 2020
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Deposit requirement	$ 258.1	$ 159.5
Deposit maintained	251.2	178.8
PAB
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Deposit requirement	73.6	17
Deposit maintained	$ 71	$ 15.2

EMPLOYEE BENEFIT PLAN (Details)

EMPLOYEE BENEFIT PLAN (Details) $ in Millions	12 Months Ended
	Jun. 30, 2021USD ($)plan	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Compensation Related Costs [Abstract]
401(k) plan, number of plans | plan	2
401(k) plan, maximum employee annual contribution	100.00%
401(k) plan expense | $	$ 2.4	$ 2.4	$ 2.4

PARENT-ONLY CONDENSED FINANCI_3

PARENT-ONLY CONDENSED FINANCIAL INFORMATION - CONDENSED BALANCE SHEETS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
ASSETS
Other assets	$ 432,031	$ 380,024
TOTAL ASSETS	14,265,565	13,851,900
LIABILITIES AND STOCKHOLDERS’ EQUITY
Borrowings, subordinated notes and debentures	221,358	235,789
Accounts payable and accrued liabilities and other liabilities	209,561	202,512
Total liabilities	12,864,629	12,621,054
Stockholders’ equity	1,400,936	1,230,846	$ 1,073,050	$ 960,513
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	14,265,565	13,851,900
Parent
ASSETS
Cash and due from banks	126,409	23,130
Investment securities	14,985	14,038
Other assets	111,084	92,200
Investment in subsidiary	1,411,950	1,254,610
TOTAL ASSETS	1,664,428	1,383,978
LIABILITIES AND STOCKHOLDERS’ EQUITY
Borrowings, subordinated notes and debentures	185,158	62,337
Accounts payable and accrued liabilities and other liabilities	78,334	90,795
Total liabilities	263,492	153,132
Stockholders’ equity	1,400,936	1,230,846
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 1,664,428	$ 1,383,978

PARENT-ONLY CONDENSED FINANCI_4

PARENT-ONLY CONDENSED FINANCIAL INFORMATION - STATEMENTS OF INCOME (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Condensed Financial Statements, Captions [Line Items]
Interest expense	$ 15,267	$ 20,005	$ 21,287	$ 22,562	$ 26,871	$ 36,447	$ 38,868	$ 43,042	$ 79,121	$ 145,228	$ 156,282
Net interest income	141,654	135,669	134,092	127,327	117,272	148,616	108,420	103,303	538,742	477,611	408,605
Net interest income, after provision for credit losses	140,404	132,969	126,092	115,527	110,772	120,116	103,920	100,603	514,992	435,411	381,255
Non-interest income (loss)	16,801	23,887	28,718	35,855	28,702	31,542	21,207	21,536	105,261	102,987	82,757
NET INCOME	54,255	53,645	54,785	53,022	45,300	56,057	41,295	40,786	215,707	183,438	155,131
Comprehensive income									219,151	182,485	155,760
Tax benefits	$ (21,090)	$ (22,404)	$ (23,728)	$ (22,814)	$ (22,630)	$ (23,811)	$ (16,867)	$ (15,886)	(90,036)	(79,194)	(57,675)
Parent
Condensed Financial Statements, Captions [Line Items]
Interest income									1,262	619	472
Interest expense									10,891	4,348	3,931
Net interest income									(9,629)	(3,729)	(3,459)
Net interest income, after provision for credit losses									(9,629)	(3,729)	(3,459)
Non-interest income (loss)									217	58	0
Non-interest expense and tax benefit									4,360	11,903	15,143
Income (loss) before dividends from subsidiary and equity in undistributed income of subsidiary									(13,772)	(15,574)	(18,602)
Dividends from subsidiary									45,000	119,114	80,000
Equity in undistributed earnings of subsidiary									184,479	79,898	93,733
NET INCOME									215,707	183,438	155,131
Comprehensive income									219,151	182,485	155,760
Tax benefits									$ 8,967	$ 5,152	$ 10,749

PARENT-ONLY CONDENSED FINANCI_5

PARENT-ONLY CONDENSED FINANCIAL INFORMATION - STATEMENT OF CASH FLOWS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 54,255	$ 53,645	$ 54,785	$ 53,022	$ 45,300	$ 56,057	$ 41,295	$ 40,786	$ 215,707	$ 183,438	$ 155,131
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Accretion of discounts on securities									(365)	291	(264)
Amortization of borrowing costs									1,569	208	208
Amortization of operating lease right of use asset									10,598	10,543	0
Stock-based compensation expense									20,685	21,935	23,439
Decrease (increase) in other assets									(7,259)	(36,979)	(27,564)
Net cash provided by operating activities									412,582	284,118	204,421
CASH FLOWS FROM INVESTING ACTIVITIES:
Origination of loans and leases held for investment									(5,761,303)	(6,573,568)	(6,756,832)
Purchases of loans and leases, net of discounts and premiums									(3,619)	0	(11,525)
Proceeds from principal repayments on loans									5,013,817	5,349,800	5,846,349
Purchases of furniture, equipment, software and intangibles									(10,437)	(12,333)	(20,082)
Net cash used in investing activities									(866,769)	(1,348,439)	(931,741)
CASH FLOWS FROM FINANCING ACTIVITIES:
Tax payments related to settlement of restricted stock units									(10,648)	(7,457)	(9,916)
Repurchase of treasury stock									(16,757)	(38,858)	(56,437)
Net (repayment) proceeds of other borrowings									14,700	(85,300)	21,700
Payment of debt issuance costs									(2,748)	0	0
Proceeds from issuance of subordinated notes									175,000	0	7,400
Redemption of preferred stock, Series A									(5,150)	0	0
Cash dividends on preferred stock									(103)	(386)	(232)
Net cash provided by (used in) financing activities									(458,555)	2,157,472	961,838
NET CHANGE IN CASH AND CASH EQUIVALENTS									(912,742)	1,093,151	234,518
CASH AND CASH EQUIVALENTS—Beginning of year				1,950,519				857,368	1,950,519	857,368	622,850
CASH AND CASH EQUIVALENTS—End of year	1,037,777				1,950,519				1,037,777	1,950,519	857,368
Parent
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income									215,707	183,438	155,131
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Accretion of discounts on securities									48	26	0
Amortization of borrowing costs									1,569	208	208
Amortization of operating lease right of use asset									9,197	9,079	0
Stock-based compensation expense									20,685	21,935	23,439
Equity in undistributed earnings of subsidiary									(184,479)	(79,898)	(93,733)
Decrease (increase) in other assets									(25,835)	(79,227)	(8,477)
Increase (decrease) in other liabilities									(14,550)	72,175	7,986
Net cash provided by operating activities									22,342	127,736	84,554
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investment securities									0	(15,301)	0
Origination of loans and leases held for investment									0	0	(844)
Purchases of loans and leases, net of discounts and premiums									0	(59,391)	0
Proceeds from principal repayments on loans									0	10	854
Purchases of furniture, equipment, software and intangibles									(457)	0	0
Investment in subsidiary									(7,200)	(10,130)	(106,557)
Net cash used in investing activities									(7,657)	(84,812)	(106,547)
CASH FLOWS FROM FINANCING ACTIVITIES:
Tax payments related to settlement of restricted stock units									(10,648)	(7,457)	(9,916)
Repurchase of treasury stock									(16,757)	(38,858)	(56,437)
Net (repayment) proceeds of other borrowings									(51,000)	0	0
Payment of debt issuance costs									(2,748)	0	0
Proceeds from issuance of subordinated notes									175,000	0	7,400
Redemption of preferred stock, Series A									(5,150)	0	0
Cash dividends on preferred stock									(103)	(386)	(232)
Net cash provided by (used in) financing activities									88,594	(46,701)	(59,185)
NET CHANGE IN CASH AND CASH EQUIVALENTS									103,279	(3,777)	(81,178)
CASH AND CASH EQUIVALENTS—Beginning of year				$ 23,130				$ 26,907	23,130	26,907	108,085
CASH AND CASH EQUIVALENTS—End of year	$ 126,409				$ 23,130				$ 126,409	$ 23,130	$ 26,907

QUARTERLY FINANCIAL INFORMATI_3

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Quarterly Financial Information Disclosure [Abstract]
Interest and dividend income	$ 156,921	$ 155,674	$ 155,379	$ 149,889	$ 144,143	$ 185,063	$ 147,288	$ 146,345	$ 617,863	$ 622,839	$ 564,887
Interest expense	15,267	20,005	21,287	22,562	26,871	36,447	38,868	43,042	79,121	145,228	156,282
Net interest income	141,654	135,669	134,092	127,327	117,272	148,616	108,420	103,303	538,742	477,611	408,605
Provision for loan and lease losses	1,250	2,700	8,000	11,800	6,500	28,500	4,500	2,700	23,750	42,200	27,350
Net interest income, after provision for credit losses	140,404	132,969	126,092	115,527	110,772	120,116	103,920	100,603	514,992	435,411	381,255
Non-interest income	16,801	23,887	28,718	35,855	28,702	31,542	21,207	21,536	105,261	102,987	82,757
Non-interest expense	81,860	80,807	76,297	75,546	71,544	71,790	66,965	65,467	314,510	275,766	251,206
INCOME BEFORE INCOME TAXES	75,345	76,049	78,513	75,836	67,930	79,868	58,162	56,672	305,743	262,632	212,806
Income tax expense	21,090	22,404	23,728	22,814	22,630	23,811	16,867	15,886	90,036	79,194	57,675
NET INCOME	54,255	53,645	54,785	53,022	45,300	56,057	41,295	40,786	215,707	183,438	155,131
Net income attributable to common stock	$ 54,255	$ 53,645	$ 54,672	$ 52,945	$ 45,223	$ 55,980	$ 41,217	$ 40,709	$ 215,518	$ 183,129	$ 154,822
Basic earnings per share (in dollars per share)	$ 0.92	$ 0.91	$ 0.93	$ 0.89	$ 0.76	$ 0.92	$ 0.67	$ 0.66	$ 3.64	$ 3.01	$ 2.50
Diluted earnings per share (in dollars per share)	$ 0.90	$ 0.89	$ 0.91	$ 0.88	$ 0.75	$ 0.91	$ 0.67	$ 0.66	$ 3.56	$ 2.98	$ 2.48

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2021USD ($)segment	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Segment Reporting [Abstract]
Number of operating segments										2	2
Segment Reporting Information [Line Items]
Net interest income	$ 141,654	$ 135,669	$ 134,092	$ 127,327	$ 117,272	$ 148,616	$ 108,420	$ 103,303	$ 538,742			$ 477,611	$ 408,605
Provision for loan and lease losses	1,250	2,700	8,000	11,800	6,500	28,500	4,500	2,700	23,750			42,200	27,350
Non-interest income	16,801	23,887	28,718	35,855	28,702	31,542	21,207	21,536	105,261			102,987	82,757
Non-interest expense	81,860	80,807	76,297	75,546	71,544	71,790	66,965	65,467	314,510			275,766	251,206
INCOME BEFORE INCOME TAXES	75,345	$ 76,049	$ 78,513	$ 75,836	67,930	$ 79,868	$ 58,162	$ 56,672	305,743			262,632	212,806
Goodwill	71,222				71,222				71,222	$ 71,222	$ 71,222	71,222	$ 71,222
Total assets	14,265,565				13,851,900				14,265,565	14,265,565	14,265,565	13,851,900
Operating segments | Banking Business
Segment Reporting Information [Line Items]
Net interest income									527,760			464,448
Provision for loan and lease losses									23,750			42,200
Non-interest income									79,150			80,374
Non-interest expense									254,596			216,895
INCOME BEFORE INCOME TAXES									328,564			285,727
Goodwill	35,721				35,721				35,721	35,721	35,721	35,721
Total assets	12,745,029				13,018,814				12,745,029	12,745,029	12,745,029	13,018,814
Operating segments | Securities Business
Segment Reporting Information [Line Items]
Net interest income									18,746			16,630
Provision for loan and lease losses									0			0
Non-interest income									27,627			24,817
Non-interest expense									48,095			43,525
INCOME BEFORE INCOME TAXES									(1,722)			(2,078)
Goodwill	35,501				35,501				35,501	35,501	35,501	35,501
Total assets	1,450,512				737,419				1,450,512	1,450,512	1,450,512	737,419
Corporate/Eliminations
Segment Reporting Information [Line Items]
Net interest income									(7,764)			(3,467)
Provision for loan and lease losses									0			0
Non-interest income									(1,516)			(2,204)
Non-interest expense									11,819			15,346
INCOME BEFORE INCOME TAXES									(21,099)			(21,017)
Goodwill	0				0				0	0	0	0
Total assets	$ 70,024				$ 95,667				$ 70,024	$ 70,024	$ 70,024	$ 95,667

SUBSEQUENT EVENT (Details)

SUBSEQUENT EVENT (Details) $ in Millions	Aug. 02, 2021USD ($)
Subsequent Event | E*TRADE Advisor Services
Subsequent Event [Line Items]
Cash consideration	$ 54.9