Axos Financial (AX) 10-Q 28 Apr 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Mar. 31, 2022	Apr. 21, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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, $0.01 par value
Trading Symbol	AX
Security Exchange Name	NYSE
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
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		59,663,388
Entity Central Index Key	0001299709
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
ASSETS
Cash and cash equivalents	$ 998,348	$ 715,624
Cash segregated for regulatory purposes	250,966	322,153
Total cash, cash equivalents, and cash segregated	1,249,314	1,037,777
Securities:
Trading	366	1,983
Available-for-sale	229,510	187,335
Stock of regulatory agencies	20,368	19,995
Loans held for sale, carried at fair value	19,611	29,768
Loans held for sale, lower of cost or fair value	11,182	12,294
Loans—net of allowance for credit losses of $143.4 million as of March 31, 2022 and $133.0 million as of June 30, 2021	13,093,603	11,414,814
Mortgage servicing rights, carried at fair value	23,519	17,911
Other real estate owned and repossessed vehicles	564	6,782
Goodwill and other intangible assets—net	159,150	115,972
Securities borrowed	274,644	619,088
Customer, broker-dealer and clearing receivables	510,561	369,815
Other assets	488,558	432,031
TOTAL ASSETS	16,080,950	14,265,565
Deposits:
Non-interest bearing	4,135,278	2,474,424
Interest bearing	8,597,724	8,341,373
Total deposits	12,733,002	10,815,797
Advances from the Federal Home Loan Bank	152,500	353,500
Borrowings, subordinated notes and debentures	381,682	221,358
Securities loaned	447,748	728,988
Customer, broker-dealer and clearing payables	543,905	535,425
Accounts payable and accrued liabilities and other liabilities	236,528	209,561
Total liabilities	14,495,365	12,864,629
STOCKHOLDERS’ EQUITY:
Common stock—$0.01 par value; 150,000,000 shares authorized; 68,617,410 shares issued and 59,662,795 shares outstanding as of March 31, 2022; 68,069,321 shares issued and 59,317,944 shares outstanding as of June 30, 2021	686	681
Additional paid-in capital	448,428	432,550
Accumulated other comprehensive income (loss)—net of tax	(1,626)	2,507
Retained earnings	1,370,548	1,187,728
Treasury stock, at cost; 8,954,615 shares as of March 31, 2022 and 8,751,377 shares as of June 30, 2021	(232,451)	(222,530)
Total stockholders’ equity	1,585,585	1,400,936
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 16,080,950	$ 14,265,565

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
ASSETS
Allowance for loan and lease losses	$ 143,372	$ 132,958
STOCKHOLDERS’ 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, issued (in shares)	68,617,410	68,069,321
Common stock, shares outstanding (in shares)	59,662,795	59,317,944
Treasury stock, at cost (in shares)	8,954,615	8,751,377

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
INTEREST AND DIVIDEND INCOME:
Loans, including fees	$ 153,873	$ 147,936	$ 452,518	$ 436,445
Securities borrowed and customer receivables	3,833	4,453	16,050	14,196
Investments	2,475	3,285	6,999	10,301
Total interest and dividend income	160,181	155,674	475,567	460,942
INTEREST EXPENSE:
Deposits	6,924	14,034	22,441	49,683
Advances from the Federal Home Loan Bank	973	992	2,962	3,690
Securities loaned	152	453	621	832
Other borrowings	2,594	4,526	7,795	9,649
Total interest expense	10,643	20,005	33,819	63,854
Net interest income	149,538	135,669	441,748	397,088
Provision for credit losses	4,500	2,700	12,500	22,500
Net interest income, after provision for credit losses	145,038	132,969	429,248	374,588
NON-INTEREST INCOME:
Prepayment penalty fee income	2,793	1,342	9,073	4,289
Gain on sale – other	61	214	106	704
Mortgage banking income	5,729	9,037	15,594	39,255
Broker-dealer fee income	12,913	7,942	39,046	19,931
Banking and service fees	7,278	5,352	22,444	24,281
Total non-interest income	28,774	23,887	86,263	88,460
NON-INTEREST EXPENSE:
Salaries and related costs	43,133	38,545	123,849	115,367
Data processing	12,274	10,171	36,565	27,772
Depreciation and amortization	6,061	5,865	18,574	17,913
Advertising and promotional	3,357	4,261	10,131	10,600
Professional services	4,346	5,712	14,834	17,340
Occupancy and equipment	3,742	3,096	10,265	9,239
FDIC and regulatory fees	3,115	3,107	7,856	8,400
Broker-dealer clearing charges	3,561	3,278	11,244	7,986
General and administrative expense	7,230	6,772	23,951	18,033
Total non-interest expense	86,819	80,807	257,269	232,650
Income before taxes	86,993	76,049	258,242	230,398
INCOME TAXES	25,170	22,404	75,422	68,946
NET INCOME	61,823	53,645	182,820	161,452
NET INCOME ATTRIBUTABLE TO COMMON STOCK	61,823	53,645	182,820	161,262
COMPREHENSIVE INCOME	$ 58,853	$ 54,687	$ 178,687	$ 164,682
Basic earnings per common share (in dollars per share)	$ 1.04	$ 0.91	$ 3.07	$ 2.72
Diluted earnings per common share (in dollars per share)	$ 1.02	$ 0.89	$ 3.02	$ 2.67

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 61,823	$ 53,645	$ 182,820	$ 161,452
Net unrealized gain (loss) from available-for-sale securities, net of tax expense (benefit) of $(1,238) and $460 for the three and $(1,726) and $1,400 for the nine months ended March 31, 2022 and 2021, respectively.	(2,970)	1,042	(4,133)	3,230
Other comprehensive income (loss)	(2,970)	1,042	(4,133)	3,230
Comprehensive income	$ 58,853	$ 54,687	$ 178,687	$ 164,682

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net unrealized gain (loss) from available-for-sale securities, tax expense (benefit)	$ (1,238)	$ 460	$ (1,726)	$ 1,400

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Impact of ASC 326 Adoption	Preferred Stock	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Retained EarningsImpact of ASC 326 Adoption	Accumulated Other Comprehensive Income (Loss), Net of Income Tax
Preferred stock, beginning balance (in shares) at Jun. 30, 2020			515,000
Stockholder's equity, beginning 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 and treasury, beginning balance (in shares) at Jun. 30, 2020				67,323,053	7,710,418
Common stock, outstanding, beginning balance (in shares) at Jun. 30, 2020				59,612,635
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	161,452						161,452
Other comprehensive income (loss)	3,230								3,230
Cash dividends on preferred stock	(103)						(103)
Preferred stock - Series A redemption (in shares)			(515,000)
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)				579,186
Share-based compensation expense and restricted stock unit vesting, treasury stock (in shares)					(200,459)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)				378,727
Stock-based compensation expense and restricted stock unit vesting	9,220			$ 6	$ (6,576)	15,790
Preferred stock, ending balance (in shares) at Mar. 31, 2021			0
Stockholder's equity, ending balance at Mar. 31, 2021	$ 1,345,650		$ 0	$ 679	$ (218,458)	427,663	1,133,473		2,293
Common stock, issued and treasury, ending balance (in shares) at Mar. 31, 2021				67,902,239	8,664,474
Common stock, outstanding, ending balance (in shares) at Mar. 31, 2021				59,237,765
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	Accounting Standards Update 2016-13 [Member]
Preferred stock, beginning balance (in shares) at Dec. 31, 2020			0
Stockholder's equity, beginning balance at Dec. 31, 2020	$ 1,287,482		$ 0	$ 677	$ (215,169)	420,895	1,079,828		1,251
Common stock, issued and treasury, beginning balance (in shares) at Dec. 31, 2020				67,668,664	8,595,842
Common stock, outstanding, beginning balance (in shares) at Dec. 31, 2020				59,072,822
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	53,645						53,645
Other comprehensive income (loss)	1,042								1,042
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)				233,575
Share-based compensation expense and restricted stock unit vesting, treasury stock (in shares)					(68,632)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)				164,943
Stock-based compensation expense and restricted stock unit vesting	3,481			$ 2	$ (3,289)	6,768
Preferred stock, ending balance (in shares) at Mar. 31, 2021			0
Stockholder's equity, ending balance at Mar. 31, 2021	1,345,650		$ 0	$ 679	$ (218,458)	427,663	1,133,473		2,293
Common stock, issued and treasury, ending balance (in shares) at Mar. 31, 2021				67,902,239	8,664,474
Common stock, outstanding, ending balance (in shares) at Mar. 31, 2021				59,237,765
Preferred stock, beginning balance (in shares) at Jun. 30, 2021			0
Stockholder's equity, beginning balance at Jun. 30, 2021	$ 1,400,936		$ 0	$ 681	$ (222,530)	432,550	1,187,728		2,507
Common stock, issued and treasury, beginning balance (in shares) at Jun. 30, 2021	68,069,321			68,069,321	8,751,377
Common stock, outstanding, beginning balance (in shares) at Jun. 30, 2021	59,317,944			59,317,944
Preferred stock, ending balance (in shares) at Dec. 31, 2021			0
Stockholder's equity, ending balance at Dec. 31, 2021	$ 1,523,157		$ 0	$ 684	$ (228,657)	441,061	1,308,725		1,344
Common stock, issued and treasury, ending balance (in shares) at Dec. 31, 2021				68,376,837	8,878,262
Common stock, outstanding, ending balance (in shares) at Dec. 31, 2021				59,498,575
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	Accounting Standards Update 2016-13 [Member]
Preferred stock, beginning balance (in shares) at Jun. 30, 2021			0
Stockholder's equity, beginning balance at Jun. 30, 2021	$ 1,400,936		$ 0	$ 681	$ (222,530)	432,550	1,187,728		2,507
Common stock, issued and treasury, beginning balance (in shares) at Jun. 30, 2021	68,069,321			68,069,321	8,751,377
Common stock, outstanding, beginning balance (in shares) at Jun. 30, 2021	59,317,944			59,317,944
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 182,820
Other comprehensive income (loss)	(4,133)
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)				548,089
Share-based compensation expense and restricted stock unit vesting, treasury stock (in shares)					(203,238)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)				344,851
Stock-based compensation expense and restricted stock unit vesting	5,962			$ 5	$ (9,921)	15,878
Preferred stock, ending balance (in shares) at Mar. 31, 2022			0
Stockholder's equity, ending balance at Mar. 31, 2022	$ 1,585,585		$ 0	$ 686	$ (232,451)	448,428	1,370,548		(1,626)
Common stock, issued and treasury, ending balance (in shares) at Mar. 31, 2022	68,617,410			68,617,410	8,954,615
Common stock, outstanding, ending balance (in shares) at Mar. 31, 2022	59,662,795			59,662,795
Preferred stock, beginning balance (in shares) at Dec. 31, 2021			0
Stockholder's equity, beginning balance at Dec. 31, 2021	$ 1,523,157		$ 0	$ 684	$ (228,657)	441,061	1,308,725		1,344
Common stock, issued and treasury, beginning balance (in shares) at Dec. 31, 2021				68,376,837	8,878,262
Common stock, outstanding, beginning balance (in shares) at Dec. 31, 2021				59,498,575
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	61,823						61,823
Other comprehensive income (loss)	(2,970)								(2,970)
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)				240,573
Share-based compensation expense and restricted stock unit vesting, treasury stock (in shares)					(76,353)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)				164,220
Stock-based compensation expense and restricted stock unit vesting	3,575			$ 2	$ (3,794)	7,367
Preferred stock, ending balance (in shares) at Mar. 31, 2022			0
Stockholder's equity, ending balance at Mar. 31, 2022	$ 1,585,585		$ 0	$ 686	$ (232,451)	$ 448,428	$ 1,370,548		$ (1,626)
Common stock, issued and treasury, ending balance (in shares) at Mar. 31, 2022	68,617,410			68,617,410	8,954,615
Common stock, outstanding, ending balance (in shares) at Mar. 31, 2022	59,662,795			59,662,795

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 182,820	$ 161,452
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion and amortization on securities, net	(297)	(124)
Net accretion of discounts on loans and leases	(5,143)	(4,717)
Amortization of borrowing costs	447	1,431
Amortization of operating lease right of use asset	8,147	7,965
Stock-based compensation expense	15,883	15,796
Trading activity	1,617	42
Provision for credit losses	12,500	22,500
Deferred income taxes	(4,184)	(10,388)
Origination of loans held for sale	(569,614)	(1,349,683)
Unrealized loss on loans held for sale	965	781
Gain on sales of loans held for sale	(15,700)	(39,959)
Proceeds from sale of loans held for sale	592,803	1,378,323
Amortization and change in fair value of mortgage servicing rights	(1,229)	5,266
(Gain) on sale of other real estate and foreclosed assets	(385)	(113)
Depreciation and amortization	18,574	17,913
Net changes in assets and liabilities which provide (use) cash:
Securities borrowed	344,444	(321,170)
Customer, broker-dealer and clearing receivables	(137,069)	(130,797)
Other assets	(121,125)	40,162
Securities loaned	(281,240)	393,892
Customer, broker-dealer and clearing payables	8,480	136,063
Accounts payable and other liabilities	14,516	(11,908)
Net cash provided by operating activities	65,210	312,727
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investment securities	(107,286)	(66,617)
Proceeds from sales of securities	75,023	0
Proceeds from repayment of securities	59,549	57,518
Purchase of stock of regulatory agencies	(22,739)	(17)
Proceeds from redemption of stock of regulatory agencies	22,739	0
Origination of loans held for investment	(7,173,040)	(3,936,776)
Proceeds from sale of loans held for investment	106,324	18,011
Mortgage warehouse loans activity, net	191,291	(493,764)
Proceeds from sales of other real estate owned and repossessed assets	7,968	839
Acquisition of business activity, net of cash paid	(54,597)	0
Purchases of loans and leases, net of discounts and premiums	(31,496)	(2,184)
Principal repayments on loans	5,218,247	3,305,931
Purchases of furniture, equipment, software and intangibles	(11,817)	(8,986)
Net cash used in investing activities	(1,719,834)	(1,126,045)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits	1,917,205	275,807
Payments of the Federal Home Loan Bank term advances	(15,000)	(65,000)
Net repayment of Federal Home Loan Bank other advances	(186,000)	(5,000)
Net proceeds of other borrowings	11,800	7,281
Redemption of subordinated notes	0	(51,000)
Tax payments related to settlement of restricted stock units	(9,921)	(6,576)
Redemption of preferred stock, Series A	0	(5,150)
Repurchase of treasury stock	0	(16,757)
Cash dividends paid on preferred stock	0	(103)
Payment of debt issuance costs	(1,923)	(2,748)
Proceeds from issuance of subordinated notes	150,000	175,000
Net cash provided by financing activities	1,866,161	305,754
NET CHANGE IN CASH AND CASH EQUIVALENTS	211,537	(507,564)
CASH AND CASH EQUIVALENTS—Beginning of year	1,037,777	1,950,519
CASH AND CASH EQUIVALENTS—End of period	1,249,314	1,442,955
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid on deposits and borrowed funds	31,974	59,154
Income taxes paid	80,512	72,236
Transfers to other real estate and repossessed vehicles	1,186	1,223
Transfers from loans held for investment to loans held for sale	105,884	8,680
Transfers from loans held for sale to loans held for investment	1,410	28,125
Operating lease liabilities for obtaining right of use assets	12,009	0
Impact of adoption of ASU No. 2016-13 on retained earnings	$ 0	$ 37,088
Accounting Standards Update [Extensible List]		Accounting Standards Update 2016-13 [Member]

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The condensed 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 (the “Axos Nevada Holding”) and collectively, the “Company”. Axos Nevada Holding wholly owns the companies constituting the Securities Business segment. All significant intercompany balances and transactions have been eliminated in consolidation. The accompanying interim condensed consolidated financial statements, presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”), are unaudited and reflect all adjustments which, in the opinion of management, are necessary for a fair statement of financial condition and results of operations for the interim periods. All adjustments are of a normal and recurring nature. Results for the nine months ended March 31, 2022 are not necessarily indicative of results that may be expected for any other interim period or for the year as a whole. Certain information and note disclosures normally included in the audited annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) with respect to interim financial reporting. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended June 30, 2021 included in our Annual Report on Form 10-K. Significant Accounting Policies Our significant accounting policies are described in greater detail in Note 1 - “Summary of Significant Accounting Policies” contained in our Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended June 30, 2021. New Accounting Standards Accounting Standards Issued But Not Yet Adopted In March 2022, the FASB issued ASU 2022-02, Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures. ASU 2022-02 addresses areas identified by the FASB as part of its post-implementation review of the credit losses standard (ASU 2016-13) that introduced the CECL model. The amendments eliminate the accounting guidance for troubled debt restructurings by creditors that have adopted the CECL model and enhance the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require a public business entity to disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The amendment would become effective for the Company on July 1, 2023. Early adoption is permitted. The Company is evaluating the impact of ASU 2022-02 on the Company’s consolidated financial statements, but it does not expect the adoption to have a material impact. The Company will be required to update disclosures around financing receivables and net investment in leases.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS On August 2, 2021 the Company’s subsidiary, Axos Clearing, LLC, acquired certain assets and liabilities of E*TRADE Advisor Services (“EAS”), the registered investment advisor custody business of Morgan Stanley. This business was rebranded as Axos Advisor Services (“AAS”). AAS adds incremental fee income, a turnkey technology platform used by independent registered investment advisors for trading and custody services, and low cost deposits that can be used to generate fee income from other bank partners or to fund loan growth at Axos Bank. The purchase price of $54.8 million consisted entirely of cash consideration paid upon acquisition and working capital adjustments. The Company incurred acquisition-related costs totaling $0.04 million for the nine months ended March 31, 2022. There were no costs in the three months March 31, 2022. These costs are recognized in general and administrative expenses in the unaudited consolidated statements of income. The acquisition is accounted for as a business combination under the acquisition method of accounting. Accordingly, tangible and intangible assets acquired (and liabilities assumed) are recorded at their estimated fair values as of the date of acquisition. The Company allocated the purchase price to the tangible and intangible assets acquired based on information available through March 31, 2022. The estimated fair values of the acquired assets and assumed liabilities are subject to refinement as additional information relative to closing date fair values becomes available. Any subsequent measurement period adjustments to the fair values of acquired assets and liabilities assumed, identifiable intangible assets, or other purchase accounting adjustments will result in adjustments to goodwill no later than within the first 12 months following the closing date of acquisition. The preliminary allocation of the $54.6 million purchase price consists of $6.5 million of fair value of tangible assets acquired, $3.4 million of liabilities assumed, $27.1 million of identifiable intangible assets and $24.4 million of goodwill, all of which is expected to be deductible for tax purposes. In December 2021, the Company made a $0.2 million true-up payment based on working capital adjustments, which was recorded as an increase in the purchase price up to $54.8 million with no impact on goodwill or identifiable intangible assets. After the working capital true-up, the fair value of tangible assets acquired is $6.4 million and the fair value of liabilities acquired is $3.1 million. Identifiable intangible assets with a finite useful are amortized on a straight-line basis. Goodwill was calculated as the excess of consideration exchanged over the fair value of identifiable net assets acquired. The goodwill includes synergies expected to result from combining the acquired assets and liabilities with existing operations, coupling its custody platform with the Company existing product offerings and leveraging customer relationships through RIAs. The following table summarizes the fair value and useful life of each intangible asset acquired as of the acquisition date: ($ in thousands) Fair Value Useful Lives (Years) Trade Name $ 290 0.16 Proprietary Technology 10,990 7 Customer Relationships 15,650 14 Non-Compete Agreements 130 1 $ 27,060

FAIR VALUE

FAIR VALUE	9 Months Ended
	Mar. 31, 2022
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, Fair Value Measurement , 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 following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis at March 31, 2022 and June 30, 2021. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: March 31, 2022 (Dollars in thousands) Quoted Prices in Significant Other Significant Total ASSETS: Securities—Trading: Municipal $ — $ 366 $ — $ 366 Securities—Available-for-Sale: Agency MBS 1 — 27,203 — 27,203 Non-Agency MBS 2 — — 151,479 151,479 Municipal — 3,311 — 3,311 Asset-backed securities and structured notes — 47,517 — 47,517 Total—Securities—Available-for-Sale $ — $ 78,031 $ 151,479 $ 229,510 Loans Held for Sale $ — $ 19,611 $ — $ 19,611 Mortgage servicing rights $ — $ — $ 23,519 $ 23,519 Other assets—Derivative instruments $ — $ — $ 2,154 $ 2,154 LIABILITIES: Other liabilities—Derivative instruments $ — $ — $ 1,004 $ 1,004 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 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 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 tables present 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: For the Three Months Ended March 31, 2022 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency MBS Mortgage Servicing Rights Derivative Instruments, net Total Opening balance $ 58,752 $ 20,110 $ 1,377 $ 80,239 Total gains or losses for the period: Included in earnings—Mortgage banking income — 2,316 (227) 2,089 Included in other comprehensive income (1,841) — — (1,841) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 95,000 1,093 — 96,093 Settlements (432) — — (432) Closing balance $ 151,479 $ 23,519 $ 1,150 $ 176,148 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 2,316 $ (227) $ 2,089 For the Nine Months Ended March 31, 2022 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency RMBS Mortgage Servicing Rights Derivative Instruments, net Total Opening Balance $ 67,615 $ 17,911 $ 2,205 $ 87,731 Total gains or losses for the period: Included in earnings—Mortgage banking income — 1,229 (1,055) 174 Included in other comprehensive income (2,480) — — (2,480) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 95,000 4,379 — 99,379 Settlements (8,656) — — (8,656) Closing balance $ 151,479 $ 23,519 $ 1,150 $ 176,148 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 1,229 $ (1,055) $ 174 For the Three Months Ended March 31, 2021 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency MBS Mortgage Servicing Rights Derivative Instruments, net Total Opening balance $ 17,135 $ 14,314 $ 7,979 $ 39,428 Total gains or losses for the period: Included in earnings—Mortgage banking income — (1,221) (1,151) (2,372) Included in other comprehensive income 913 — — 913 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 3,538 — 3,538 Settlements (671) — — (671) Closing balance $ 17,377 $ 16,631 $ 6,828 $ 40,836 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (1,221) $ (1,151) $ (2,372) For the Nine Months Ended March 31, 2021 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency RMBS Mortgage Servicing Rights Derivative Instruments, net Total Opening Balance $ 18,332 $ 10,675 $ 7,416 $ 36,423 Total gains or losses for the period: Included in earnings—Mortgage banking income — (5,266) (588) (5,854) Included in other comprehensive income 607 — — 607 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 11,222 — 11,222 Settlements (1,562) — — (1,562) Closing balance $ 17,377 $ 16,631 $ 6,828 $ 40,836 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (5,266) $ (588) $ (5,854) The table below summarizes the quantitative information about level 3 fair value measurements as of the dates indicated: March 31, 2022 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Securities – Non-agency MBS $ 151,479 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 30.0% (19.3%) 0.0 to 6.7% (2.0%) 0.0 to 68.3% (24.9%) 2.7 to 6.5% (2.8%) Mortgage Servicing Rights $ 23,519 Discounted Cash Flow Projected Constant Prepayment Rate, 9.8 to 51.0% (13.4%) 1.4 to 8.6 (7.2) 9.5 to 11.3% (9.5%) Derivative Instruments $ 1,150 Sales Comparison Approach Projected Sales Profit of Underlying Loans (1.0) to 0.2% ((0.2)%) June 30, 2021 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input 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%) The significant unobservable inputs used in the fair value measurement of the Company’s residential 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 assets measured for impairment on a non-recurring basis: March 31, 2022 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and foreclosed assets: Autos and RVs $ — $ — $ 564 $ 564 Total $ — $ — $ 564 $ 564 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 and RVs — — 235 235 Total $ — $ — $ 6,782 $ 6,782 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 $564 after charge-offs of $79 for the nine months ended March 31, 2022. 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. None of these loans are 90 days or more past due nor on nonaccrual as of March 31, 2022 and June 30, 2021. As of March 31, 2022 and June 30, 2021, the aggregate fair value of loans held for sale, carried at fair value, contractual balance (including accrued interest), and unrealized gain (loss) was as follows: (Dollars in thousands) March 31, 2022 June 30, 2021 Aggregate fair value $ 19,611 $ 29,768 Contractual balance 19,749 28,940 Unrealized gain (loss) $ (138) $ 828 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: For the Three Months Ended For the Nine Months Ended March 31, March 31, (Dollars in thousands) 2022 2021 2022 2021 Interest income $ 204 $ 387 $ 598 $ 1,189 Change in fair value (1,041) (1,829) (2,019) (1,369) Total $ (837) $ (1,442) $ (1,421) $ (180) 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: March 31, 2022 (Dollars in thousands) Fair Value Valuation Technique(s) Unobservable Input Range (Weighted Average) 1 Other real estate owned and foreclosed assets: Autos and RVs $ 564 Sales comparison approach Adjustment for differences between the comparable sales (10.6) to 15.5% ((2.7)%) June 30, 2021 (Dollars in thousands) Fair Value Valuation Technique(s) 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. Fair value of Financial Instruments The carrying amounts and estimated fair values of financial instruments at March 31, 2022 and June 30, 2021 were as follows: March 31, 2022 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 1,249,314 $ 1,249,314 $ — $ — $ 1,249,314 Securities — trading 366 — 366 — 366 Securities — available-for-sale 229,510 — 78,031 151,479 229,510 Loans held for sale, at fair value 19,611 — 19,611 — 19,611 Loans held for sale, at lower of cost or fair value 11,182 — — 11,255 11,255 Loans held for investment—net 13,093,603 — — 13,149,215 13,149,215 Securities borrowed 274,644 — — 263,274 263,274 Customer, broker-dealer and clearing receivables 510,561 — — 502,086 502,086 Mortgage servicing rights 23,519 — — 23,519 23,519 Financial liabilities: Total deposits 12,733,002 — 11,750,900 — 11,750,900 Advances from the Federal Home Loan Bank 152,500 — 151,017 — 151,017 Borrowings, subordinated notes and debentures 381,682 — 358,541 — 358,541 Securities loaned 447,748 — — 449,181 449,181 Customer, broker-dealer and clearing payables 543,905 — — 532,854 532,854 June 30, 2021 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 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 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 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 or deposits that reprice frequently and fully. For fixed rate loans, deposits, borrowings or subordinated debt and for variable rate loans, 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 in Note 3 – “Fair Value” of our Form 10-K for the year ended June 30, 2021. 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	9 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
SECURITIES	SECURITIES The amortized cost, carrying amount and fair value for the trading and available-for-sale securities at March 31, 2022 and June 30, 2021 were: March 31, 2022 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): U.S. agencies 1 $ — $ 28,853 $ 43 $ (1,693) $ 27,203 Non-agency 2 — 151,517 1,423 (1,461) 151,479 Total mortgage-backed securities — 180,370 1,466 (3,154) 178,682 Non-MBS: Municipal 366 3,498 — (187) 3,311 Asset-backed securities and structured notes — 46,993 524 — 47,517 Total Non-MBS 366 50,491 524 (187) 50,828 Total debt securities $ 366 $ 230,861 $ 1,990 $ (3,341) $ 229,510 June 30, 2021 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): U.S. 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 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 Company’s non-agency MBS available-for-sale portfolio with a total fair value of $151,479 at March 31, 2022 consists of 16 different issues of super senior securities. The face amounts of debt securities available-for-sale that were pledged to secure borrowings at March 31, 2022 and June 30, 2021 were $1.2 million and $1.4 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: March 31, 2022 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: U.S. agencies $ 19,641 $ (1,192) $ 5,167 $ (501) $ 24,808 $ (1,693) Non-agency 43,916 (1,085) 5,040 (376) 48,956 (1,461) Total MBS 63,557 (2,277) 10,207 (877) 73,764 (3,154) Non-MBS: Municipal debt 3,311 (187) — — 3,311 (187) Asset-backed securities and structured notes — — — — — — Total Non-MBS 3,311 (187) — — 3,311 (187) Total debt securities $ 66,868 $ (2,464) $ 10,207 $ (877) $ 77,075 $ (3,341) June 30, 2021 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: U.S. agencies $ 10,001 $ (146) $ — $ — $ 10,001 $ (146) Non-agency — — 6,018 (421) 6,018 (421) Total MBS 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) On March 31, 2022, there were twelve securities in a continuous loss position for a period of more than 12 months, and eighteen securities in a continuous loss position for a period of less than 12 months. At June 30, 2021, there were seven securities in a continuous loss position for a period of more than 12 months, and seven securities in a continuous loss position for a period of less than 12 months. At March 31, 2022, one non-agency RMBS with a total carrying amount of $2.4 million was determined to have cumulative credit losses of $0.8 million of which none was recognized in earnings during the three months ended March 31, 2022. During the nine months ended March 31, 2021, the company sold no available-for-sale securities. During the nine months ended March 31, 2022, the company sold no available-for-sale securities. The Company had recorded unrealized gains and unrealized losses in accumulated other comprehensive loss as follows: (Dollars in thousands) March 31, June 30, Available-for-sale debt securities—net unrealized gains (losses) $ (1,351) $ 4,507 Available-for-sale debt securities—non-credit related losses (845) (845) Subtotal (2,196) 3,662 Tax benefit (expense) 570 (1,155) Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss) $ (1,626) $ 2,507

LOANS & ALLOWANCE FOR CREDIT LO

LOANS & ALLOWANCE FOR CREDIT LOSSES	9 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
LOANS & ALLOWANCE FOR CREDIT LOSSES	LOANS & ALLOWANCE FOR CREDIT LOSSES The following table sets forth the composition of the loan portfolio as of the dates indicated: (Dollars in thousands) March 31, 2022 June 30, 2021 Single Family - Mortgage & Warehouse $ 3,972,103 $ 4,359,472 Multifamily and Commercial Mortgage 2,662,517 2,470,454 Commercial Real Estate 4,293,032 3,180,453 Commercial & Industrial - Non-RE 1,780,545 1,123,869 Auto & Consumer 521,936 362,180 Other 16,125 58,316 Total gross loans 13,246,258 11,554,744 Allowance for credit losses - loans (143,372) (132,958) Unaccreted premiums (discounts) and loan fees (9,283) (6,972) Total net loans $ 13,093,603 $ 11,414,814 The following tables summarize activity in the allowance for credit losses - loans by portfolio classes for the periods indicated. For the Three Months Ended March 31, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at January 1, 2022 $ 25,580 $ 13,628 $ 67,581 $ 22,716 $ 10,921 $ 63 $ 140,489 Provision (benefit) for credit losses - loans (3,797) 190 2,248 3,525 2,352 (18) 4,500 Charge-offs — — — — (1,892) — (1,892) Recoveries 6 — — 27 242 — 275 Balance at March 31, 2022 $ 21,789 $ 13,818 $ 69,829 $ 26,268 $ 11,623 $ 45 $ 143,372 For the Three Months Ended March 31, 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 January 1, 2021 $ 32,727 $ 12,889 $ 56,715 $ 19,129 $ 7,413 $ 7,520 $ 136,393 Provision for credit losses - loans (2,785) 704 (133) 4,506 317 91 2,700 Charge-offs (110) (177) (255) — (863) — (1,405) Recoveries 83 — — 18 318 — 419 Balance at March 31, 2021 $ 29,915 $ 13,416 $ 56,327 $ 23,653 $ 7,185 $ 7,611 $ 138,107 For the Nine Months Ended March 31, 2022 (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, 2021 $ 26,604 $ 13,146 $ 57,928 $ 28,460 $ 6,519 $ 301 $ 132,958 Provision (benefit) for credit losses - loans (4,966) 495 11,901 (1,951) 7,277 (256) 12,500 Charge-offs — — (322) (2,926) — (3,248) Recoveries 151 177 — 81 753 — 1,162 Balance at March 31, 2022 $ 21,789 $ 13,818 $ 69,829 $ 26,268 $ 11,623 $ 45 $ 143,372 For the Nine Months Ended March 31, 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 $ 25,901 $ 4,718 $ 21,052 $ 9,954 $ 9,461 $ 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 47 1,467 9,637 9,472 (984) 2,861 22,500 Charge-offs (2,469) (177) (255) (2,833) (2,819) — (8,553) Recoveries 118 — — 18 917 — 1,053 Balance at March 31, 2021 $ 29,915 $ 13,416 $ 56,327 $ 23,653 $ 7,185 $ 7,611 $ 138,107 Credit Quality Disclosures. Nonaccrual loans consisted of the following as of the dates indicated: As of March 31, 2022 (Dollars in thousands) With Allowance With No Allowance Total Single Family - Mortgage & Warehouse $ 52,017 $ 61,300 $ 113,317 Multifamily and Commercial Mortgage 2,941 6,727 9,668 Commercial Real Estate — 14,952 14,952 Commercial & Industrial - Non-RE — — — Auto & Consumer 62 383 445 Other — 372 372 Total nonaccrual loans $ 55,020 $ 83,734 $ 138,754 Nonaccrual loans to total loans 1.05 % No interest income was recognized on nonaccrual loans in either the three months ended March 31, 2022 or March 31, 2021. No interest income was recognized on nonaccrual loans in either the nine months ended March 31, 2022 or March 31, 2021. Approximately 0.53% of our nonaccrual loans at March 31, 2022 were considered TDRs, compared to 0.55% at June 30, 2021. Borrowers that 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 category to the performing loan category and any previously deferred interest income is recognized. Approximately 81.67% of the Bank’s nonaccrual loans are single family first mortgages. The following tables present the outstanding unpaid balance of loans that are performing and nonaccrual by portfolio class: March 31, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 3,858,786 $ 2,652,850 $ 4,278,080 $ 1,780,545 $ 521,490 $ 15,753 $ 13,107,504 Nonaccrual 113,317 9,667 14,952 — 446 372 138,754 Total $ 3,972,103 $ 2,662,517 $ 4,293,032 $ 1,780,545 $ 521,936 $ 16,125 $ 13,246,258 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 From time to time, the Company modifies loan terms temporarily for borrowers who are experiencing financial stress. These loans are performing and accruing and will generally return to the original loan terms after the modification term expires. The Company had no TDRs classified as performing loans at March 31, 2022 or June 30, 2021. Credit Quality Indicators The amortized cost basis by fiscal year of origination and credit quality indicator of the Company’s loan as of March 31, 2022 was as follows: Loans Held for Investment Origination Year Revolving Loans Total (Dollars in thousands) 2022 2021 2020 2019 2018 Prior Single Family-Mortgage & Warehouse Pass $ 1,031,670 $ 636,313 $ 477,841 $ 339,895 $ 308,360 $ 609,187 $ 422,833 $ 3,826,099 Special Mention — — 5,625 2,515 5,470 13,111 — 26,721 Substandard — 1,181 34,805 19,253 14,723 49,321 — 119,283 Doubtful — — — — — — — — Total 1,031,670 637,494 518,271 361,663 328,553 671,619 422,833 3,972,103 Multifamily and Commercial Mortgage Pass 622,539 584,536 465,708 302,877 236,822 365,615 — 2,578,097 Special Mention — — 1,462 — 667 1,391 — 3,520 Substandard — 5,814 34,780 9,566 12,601 18,139 — 80,900 Doubtful — — — — — — — — Total 622,539 590,350 501,950 312,443 250,090 385,145 — 2,662,517 Commercial Real Estate Pass 1,707,928 1,070,879 469,277 298,783 39,156 — 511,527 4,097,550 Special Mention — — 12,138 16,628 15,000 — — 43,766 Substandard — — 88,337 16,380 45,701 — 1,298 151,716 Doubtful — — — — — — — — Total 1,707,928 1,070,879 569,752 331,791 99,857 — 512,825 4,293,032 Commercial & Industrial - Non-RE Pass 269,404 35,182 76,610 13,316 12,641 152 1,331,399 1,738,704 Special Mention — — — 206 810 — 28,037 29,053 Substandard 2,988 — 9,800 — — — — 12,788 Doubtful — — — — — — — — Total 272,392 35,182 86,410 13,522 13,451 152 1,359,436 1,780,545 Auto & Consumer Pass 274,134 121,317 50,315 43,816 19,404 11,532 — 520,518 Special Mention 49 345 85 7 19 35 — 540 Substandard 213 121 211 255 62 16 — 878 Doubtful — — — — — — — — Total 274,396 121,783 50,611 44,078 19,485 11,583 — 521,936 Other Pass 2,621 10,253 617 — 1,179 1,028 — 15,698 Special Mention — — 21 — — 34 — 55 Substandard — — 55 — 317 — — 372 Doubtful — — — — — — — — Total 2,621 10,253 693 — 1,496 1,062 — 16,125 Total Pass 3,908,296 2,458,480 1,540,368 998,687 617,562 987,514 2,265,759 12,776,666 Special Mention 49 345 19,331 19,356 21,966 14,571 28,037 103,655 Substandard 3,201 7,116 167,988 45,454 73,404 67,476 1,298 365,937 Doubtful — — — — — — — — Total $ 3,911,546 $ 2,465,941 $ 1,727,687 $ 1,063,497 $ 712,932 $ 1,069,561 $ 2,295,094 $ 13,246,258 As a % of total gross loans 29.54 % 18.62 % 13.04 % 8.03 % 5.38 % 8.07 % 17.33 % 100.0 % The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses - loans. The Company also evaluates credit quality based on the aging status of its loans. 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 took proactive measures to manage loans that became delinquent during the recent economic downturn as a result of the COVID-19 pandemic. As of March 31, 2022, no loans were on forbearance status for forbearance granted out of COVID-19. Any forbearance granted out of COVID-19 was for six months or less. The following tables provide the outstanding unpaid balance of loans that are past due 30 days or more by portfolio class as of the dates indicated: March 31, 2022 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Single Family-Mortgage & Warehouse $ 19,537 $ 8,579 $ 110,099 $ 138,215 Multifamily and Commercial Mortgage 8,703 10,254 3,667 22,624 Commercial Real Estate — 58,205 1,141 59,346 Commercial & Industrial - Non-RE — 80 — 80 Auto & Consumer 3,558 1,158 406 5,122 Other 147 55 363 565 Total $ 31,945 $ 78,331 $ 115,676 $ 225,952 As a % of total gross loans 0.24 % 0.59 % 0.87 % 1.71 % June 30, 2021 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due 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 total gross loans and leases 0.60 % 0.42 % 0.73 % 1.75 % 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 is included in “Accounts payable, accrued liabilities and other liabilities” in the unaudited Condensed Consolidated Balance Sheets. Provisions for the unfunded loan commitments are included in “General and administrative expenses” in the unaudited Condensed Consolidated Statements of Income. The following tables present a summary of the activity in the allowance for credit losses for the periods indicated: Three Months Ended March 31, 2022 (Dollars in thousands) Allowance for Credit Losses - Loans Unfunded Loan Commitment Liabilities Total Allowance for Credit Losses Balance at January 1, 2022 $ 140,489 $ 8,723 $ 149,212 Provision for Credit Losses 4,500 1,000 5,500 Charge-offs (1,892) — (1,892) Recoveries 275 — 275 Balance at March 31, 2022 $ 143,372 $ 9,723 $ 153,095 Three Months Ended March 31, 2021 (Dollars in thousands) Allowance for Credit Losses - Loans Unfunded Loan Commitment Liabilities Total Allowance for Credit Losses Balance at January 1, 2021 $ 136,393 $ 5,723 $ 142,116 Provision for Credit Losses 2,700 — 2,700 Charge-offs (1,405) — (1,405) Recoveries 419 — 419 Balance at March 31, 2021 $ 138,107 $ 5,723 $ 143,830 For the Nine Months Ended March 31, 2022 (Dollars in thousands) Allowance for Credit Losses - Loans Unfunded Loan Commitment Liabilities Total Allowance for Credit Losses Balance at July 1, 2021 $ 132,958 $ 5,723 $ 138,681 Provision for Credit Losses 12,500 4,000 16,500 Charge-offs (3,248) — (3,248) Recoveries 1,162 — 1,162 Balance at March 31, 2022 $ 143,372 $ 9,723 $ 153,095 For the Nine Months Ended March 31, 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 22,500 (300) 22,200 Charge-offs (8,553) — (8,553) Recoveries 1,053 — 1,053 Balance at March 31, 2021 $ 138,107 $ 5,723 $ 143,830

SUBORDINATED NOTES

SUBORDINATED NOTES	9 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
SUBORNIDATED NOTES	SUBORDINATED NOTESIn February 2022, the Company completed the sale of $150.0 million aggregate principal amount of its 4.00% Fixed-to-Floating Rate Subordinated Notes (the “Notes”). The Notes are obligations only of Axos Financial, Inc. The Notes mature on March 1, 2032 and accrue interest at a fixed rate per annum equal to 4.00%, payable semi-annually in arrears on March 1 and September 1 of each year, commencing on September 1, 2022. From and including March 1, 2027, to, but excluding March 1, 2032 or the date of early redemption, the Notes will bear interest at a floating rate per annum equal to a benchmark rate of the Three-Month Term SOFR plus a spread of 227 basis points, payable quarterly in arrears on March 1, June 1, September 1 and December 1 of each year, commencing on June 1, 2027. The Notes may be redeemed on or after March 1, 2027, 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.

EQUITY AND STOCK-BASED COMPENSA

EQUITY AND STOCK-BASED COMPENSATION	9 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
EQUITY AND STOCK-BASED COMPENSATION	EQUITY AND STOCK-BASED COMPENSATION Amended and Restated 2014 Stock Incentive Plan. On October 21, 2021 the Company’s stockholders approved the Amended and Restated 2014 Stock Incentive Plan, which reserved one million additional shares for purposes of the Company’s equity compensation. Restricted Stock Units. During the nine months ended March 31, 2022 and 2021, the Company granted 526,699 and 614,406 restricted stock unit awards (“RSUs”) to employees and directors, and during the nine months ended March 31, 2022 granted 478,353 RSU’s to the chief executive officer, which vest ratably on each of the four fiscal year ends after the issue date. All other RSUs granted during these quarters generally vest over 3 years, one-third on each anniversary date. The Company’s pre-tax income and net income for the nine months ended March 31, 2022 and 2021 include stock award expense of $15.9 million and $15.8 million, with total income tax benefit of $4.6 million and $4.7 million, respectively. The Company recognizes compensation expense based upon the grant-date fair value divided by the vesting and the service period between each vesting date. At March 31, 2022, unrecognized compensation expense related to non-vested awards aggregated to $43.7 million and is expected to be recognized in future periods as follows: (Dollars in thousands) Stock Award For the fiscal year remainder: 2022 $ 5,481 2023 18,443 2024 13,142 2025 5,253 2026 989 Thereafter 400 Total $ 43,708 The following table presents the status and changes in restricted stock units for the periods indicated: Restricted Weighted-Average Non-vested balance at June 30, 2020 1,445,540 $ 28.62 Granted 617,833 32.12 Vested (666,790) 29.23 Forfeited (176,113) 27.42 Non-vested balance at June 30, 2021 1,220,470 $ 30.18 Granted 1,005,052 48.31 Vested (503,272) 29.52 Forfeited (123,406) 35.58 Non-vested balance at March 31, 2022 1,598,844 $ 41.41 The total fair value of shares vested for the three and nine months ended March 31, 2022 was $9,725 and $24,559. The total fair value of shares vested for the three and nine months ended March 31, 2021 was $8,366 and $16,612.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE Earnings per common share (“EPS”) is 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 and preferred stock redemption charge) by the sum of the weighted-average number of common shares outstanding during the year and the unvested average of participating RSUs. 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. The unvested stock-based compensation awards issued under the Amended and Restated 2014 Stock Incentive Plan have no stockholder rights, meaning they are not entitled to dividends and are considered nonparticipating. The Company does not include these nonparticipating RSUs in the basic EPS calculation, but are included in the diluted EPS calculation using the treasury stock method. The following table presents the calculation of basic and diluted EPS: Three Months Ended Nine Months Ended March 31, March 31, (Dollars in thousands, except per share data) 2022 2021 2022 2021 Earnings Per Common Share Net income $ 61,823 $ 53,645 $ 182,820 $ 161,452 Preferred stock dividends — — — (103) Preferred stock redemption charge — — — (87) Net income attributable to common stockholders $ 61,823 $ 53,645 $ 182,820 $ 161,262 Average common shares outstanding 59,542,128 59,118,884 59,476,488 59,225,409 Total qualifying shares 59,542,128 59,118,884 59,476,488 59,225,409 Earnings per common share $ 1.04 $ 0.91 $ 3.07 $ 2.72 Diluted Earnings Per Common Share Net income attributable to common stockholders $ 61,823 $ 53,645 $ 182,820 $ 161,262 Average common shares issued and outstanding 59,542,128 59,118,884 59,476,488 59,225,409 Dilutive effect of average unvested RSUs 1,069,831 1,363,849 1,128,998 1,227,811 Total dilutive common shares outstanding 60,611,959 60,482,733 60,605,486 60,453,220 Diluted earnings per common share $ 1.02 $ 0.89 $ 3.02 $ 2.67

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES 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 necessary and appropriate actions to support customers, employees, partners and shareholders. The Company took proactive measures to manage loans that became delinquent during the recent economic downturn as a result of the COVID-19 pandemic. As of March 31, 2022, no loans were on forbearance status for a forbearance granted from any prior date. Any forbearance granted out of COVID-19 was for six months or less. The Company will continue to monitor uncertainties caused by and developments of COVID-19. Operating Leases. 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 March 31, 2022 in the corresponding fiscal years: (Dollars in thousands) Remainder of 2022 $ 2,498 2023 10,595 2024 10,287 2025 10,119 2026 9,791 Thereafter 38,821 Total lease payments 82,111 Less: amount representing interest (8,668) Total Lease Liability $ 73,443 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 March 31, 2022, the Company had commitments to originate $160.1 million in fixed rate loans and $2,660.3 million in variable rate loans, totaling an aggregate outstanding principal balance of $2,820.3 million. At March 31, 2022, the Company’s fixed rate commitments to originate had a weighted-average rate of 5.19%. At March 31, 2022, the Company also had commitments to sell $33.0 million in fixed rate loans and none in variable rate loans, totaling an aggregate outstanding principal balance of $33.0 million. 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. At March 31, 2022 the Company had a commitment to fund an equity investment measured at fair value of $10 million. At March 31, 2022, no amounts had been funded related to the investment. 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. Litigation . On October 15, 2015, the Company, its Chief Executive Officer and its then 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 then 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 13, 2022, the parties executed a Stipulation and Agreement of Settlement. The Stipulation and Agreement of Settlement was submitted to the District Court for approval on April 15, 2022. There is no assurance that approval will be granted. The agreed to settlement amount is not material to the Condensed Consolidated Financial Statements, as of and for the quarter ended March 31, 2022. On April 3, 2017, the Company, its Chief Executive Officer and its then 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. On January 31, 2022, a Stipulation of Settlement was submitted to the District Court for approval. There is no assurance that approval will be granted. The agreed to settlement amount is not material to the Condensed Consolidated Financial Statements, as of and for the quarter ended March 31, 2022. 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, unless otherwise disclosed above.

SEGMENT REPORTING

SEGMENT REPORTING	9 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING There are no material inter-segment sales or transfers. The accounting policies used by each reportable segment are the same as those discussed in Note 1 - “Organizations and Summary of Significant Accounting Policies” in our Annual Report on Form 10-K for the year ended June 30, 2021. All costs, except certain corporate administration costs and income taxes, have been allocated to the reportable segments. Therefore, combined amounts agree to the unaudited condensed consolidated totals. In order to reconcile the two segments to the unaudited condensed consolidated totals, the Company includes parent-only activities and intercompany eliminations. The following tables present the operating results, goodwill, and assets of the segments: For the Three Months Ended March 31, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 147,828 $ 3,377 $ (1,667) $ 149,538 Provision for credit losses 4,500 — — 4,500 Non-interest income 15,741 15,609 (2,576) 28,774 Non-interest expense 65,076 20,242 1,501 86,819 Income before taxes $ 93,993 $ (1,256) $ (5,744) $ 86,993 For the Three Months Ended March 31, 2021 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 135,096 $ 3,847 $ (3,274) $ 135,669 Provision for credit losses 2,700 — — 2,700 Non-interest income 16,201 8,369 (683) 23,887 Non-interest expense 64,040 13,282 3,485 80,807 Income before taxes $ 84,557 $ (1,066) $ (7,442) $ 76,049 For the Nine Months Ended March 31, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 432,328 $ 14,059 $ (4,639) $ 441,748 Provision for credit losses 12,500 — — 12,500 Non-interest income 46,864 45,169 (5,770) 86,263 Non-interest expense 190,250 61,169 5,850 257,269 Income before taxes $ 276,442 $ (1,941) $ (16,259) $ 258,242 For the Nine Months Ended March 31, 2021 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 390,268 $ 13,002 $ (6,182) $ 397,088 Provision for credit losses 22,500 — — 22,500 Non-interest income 68,708 20,725 (973) 88,460 Non-interest expense 187,733 35,946 8,971 232,650 Income before taxes $ 248,743 $ (2,219) $ (16,126) $ 230,398 As of March 31, 2022 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 59,953 $ — $ 95,674 Total Assets $ 14,768,636 $ 1,246,997 $ 65,317 $ 16,080,950 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

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Consolidation	The condensed 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 (the “Axos Nevada Holding”) and collectively, the “Company”. Axos Nevada Holding wholly owns the companies constituting the Securities Business segment. All significant intercompany balances and transactions have been eliminated in consolidation.
Basis of Presentation	The accompanying interim condensed consolidated financial statements, presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”), are unaudited and reflect all adjustments which, in the opinion of management, are necessary for a fair statement of financial condition and results of operations for the interim periods. All adjustments are of a normal and recurring nature. Results for the nine months ended March 31, 2022 are not necessarily indicative of results that may be expected for any other interim period or for the year as a whole. Certain information and note disclosures normally included in the audited annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) with respect to interim financial reporting. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the year ended June 30, 2021 included in our Annual Report on Form 10-K.
New Accounting Standards	Significant Accounting Policies Our significant accounting policies are described in greater detail in Note 1 - “Summary of Significant Accounting Policies” contained in our Annual Report on Form 10-K filed with the Securities and Exchange Commission for the fiscal year ended June 30, 2021. New Accounting Standards Accounting Standards Issued But Not Yet Adopted In March 2022, the FASB issued ASU 2022-02, Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures. ASU 2022-02 addresses areas identified by the FASB as part of its post-implementation review of the credit losses standard (ASU 2016-13) that introduced the CECL model. The amendments eliminate the accounting guidance for troubled debt restructurings by creditors that have adopted the CECL model and enhance the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require a public business entity to disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The amendment would become effective for the Company on July 1, 2023. Early adoption is permitted. The Company is evaluating the impact of ASU 2022-02 on the Company’s consolidated financial statements, but it does not expect the adoption to have a material impact. The Company will be required to update disclosures around financing receivables and net investment in leases.
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, Fair Value Measurement
Earnings Per Common Share	Earnings per common share (“EPS”) is 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 and preferred stock redemption charge) by the sum of the weighted-average number of common shares outstanding during the year and the unvested average of participating RSUs. 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. The unvested stock-based compensation awards issued under the Amended and Restated 2014 Stock Incentive Plan have no stockholder rights, meaning they are not entitled to dividends and are considered nonparticipating. The Company does not include these nonparticipating RSUs in the basic EPS calculation, but are included in the diluted EPS calculation using the treasury stock method.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Fair Value and Useful Life of Each Intangible Asset Acquired	The following table summarizes the fair value and useful life of each intangible asset acquired as of the acquisition date: ($ in thousands) Fair Value Useful Lives (Years) Trade Name $ 290 0.16 Proprietary Technology 10,990 7 Customer Relationships 15,650 14 Non-Compete Agreements 130 1 $ 27,060

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis at March 31, 2022 and June 30, 2021. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement: March 31, 2022 (Dollars in thousands) Quoted Prices in Significant Other Significant Total ASSETS: Securities—Trading: Municipal $ — $ 366 $ — $ 366 Securities—Available-for-Sale: Agency MBS 1 — 27,203 — 27,203 Non-Agency MBS 2 — — 151,479 151,479 Municipal — 3,311 — 3,311 Asset-backed securities and structured notes — 47,517 — 47,517 Total—Securities—Available-for-Sale $ — $ 78,031 $ 151,479 $ 229,510 Loans Held for Sale $ — $ 19,611 $ — $ 19,611 Mortgage servicing rights $ — $ — $ 23,519 $ 23,519 Other assets—Derivative instruments $ — $ — $ 2,154 $ 2,154 LIABILITIES: Other liabilities—Derivative instruments $ — $ — $ 1,004 $ 1,004 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 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 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 tables present 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: For the Three Months Ended March 31, 2022 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency MBS Mortgage Servicing Rights Derivative Instruments, net Total Opening balance $ 58,752 $ 20,110 $ 1,377 $ 80,239 Total gains or losses for the period: Included in earnings—Mortgage banking income — 2,316 (227) 2,089 Included in other comprehensive income (1,841) — — (1,841) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 95,000 1,093 — 96,093 Settlements (432) — — (432) Closing balance $ 151,479 $ 23,519 $ 1,150 $ 176,148 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 2,316 $ (227) $ 2,089 For the Nine Months Ended March 31, 2022 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency RMBS Mortgage Servicing Rights Derivative Instruments, net Total Opening Balance $ 67,615 $ 17,911 $ 2,205 $ 87,731 Total gains or losses for the period: Included in earnings—Mortgage banking income — 1,229 (1,055) 174 Included in other comprehensive income (2,480) — — (2,480) Purchases, retentions, issues, sales and settlements: Purchases/Retentions 95,000 4,379 — 99,379 Settlements (8,656) — — (8,656) Closing balance $ 151,479 $ 23,519 $ 1,150 $ 176,148 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 1,229 $ (1,055) $ 174 For the Three Months Ended March 31, 2021 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency MBS Mortgage Servicing Rights Derivative Instruments, net Total Opening balance $ 17,135 $ 14,314 $ 7,979 $ 39,428 Total gains or losses for the period: Included in earnings—Mortgage banking income — (1,221) (1,151) (2,372) Included in other comprehensive income 913 — — 913 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 3,538 — 3,538 Settlements (671) — — (671) Closing balance $ 17,377 $ 16,631 $ 6,828 $ 40,836 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (1,221) $ (1,151) $ (2,372) For the Nine Months Ended March 31, 2021 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency RMBS Mortgage Servicing Rights Derivative Instruments, net Total Opening Balance $ 18,332 $ 10,675 $ 7,416 $ 36,423 Total gains or losses for the period: Included in earnings—Mortgage banking income — (5,266) (588) (5,854) Included in other comprehensive income 607 — — 607 Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 11,222 — 11,222 Settlements (1,562) — — (1,562) Closing balance $ 17,377 $ 16,631 $ 6,828 $ 40,836 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (5,266) $ (588) $ (5,854)
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: March 31, 2022 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Securities – Non-agency MBS $ 151,479 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 30.0% (19.3%) 0.0 to 6.7% (2.0%) 0.0 to 68.3% (24.9%) 2.7 to 6.5% (2.8%) Mortgage Servicing Rights $ 23,519 Discounted Cash Flow Projected Constant Prepayment Rate, 9.8 to 51.0% (13.4%) 1.4 to 8.6 (7.2) 9.5 to 11.3% (9.5%) Derivative Instruments $ 1,150 Sales Comparison Approach Projected Sales Profit of Underlying Loans (1.0) to 0.2% ((0.2)%) June 30, 2021 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input 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%) 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: March 31, 2022 (Dollars in thousands) Fair Value Valuation Technique(s) Unobservable Input Range (Weighted Average) 1 Other real estate owned and foreclosed assets: Autos and RVs $ 564 Sales comparison approach Adjustment for differences between the comparable sales (10.6) to 15.5% ((2.7)%) June 30, 2021 (Dollars in thousands) Fair Value Valuation Technique(s) 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.
Schedule of Fair Value Assets Measured on Nonrecurring Basis	The table below summarizes assets measured for impairment on a non-recurring basis: March 31, 2022 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and foreclosed assets: Autos and RVs $ — $ — $ 564 $ 564 Total $ — $ — $ 564 $ 564 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 and RVs — — 235 235 Total $ — $ — $ 6,782 $ 6,782
Schedule of Aggregate Fair Value, Contractual Balance, and Gains of Loans Held For Sale	As of March 31, 2022 and June 30, 2021, the aggregate fair value of loans held for sale, carried at fair value, contractual balance (including accrued interest), and unrealized gain (loss) was as follows: (Dollars in thousands) March 31, 2022 June 30, 2021 Aggregate fair value $ 19,611 $ 29,768 Contractual balance 19,749 28,940 Unrealized gain (loss) $ (138) $ 828 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: For the Three Months Ended For the Nine Months Ended March 31, March 31, (Dollars in thousands) 2022 2021 2022 2021 Interest income $ 204 $ 387 $ 598 $ 1,189 Change in fair value (1,041) (1,829) (2,019) (1,369) Total $ (837) $ (1,442) $ (1,421) $ (180)
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments at Period-end	The carrying amounts and estimated fair values of financial instruments at March 31, 2022 and June 30, 2021 were as follows: March 31, 2022 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 1,249,314 $ 1,249,314 $ — $ — $ 1,249,314 Securities — trading 366 — 366 — 366 Securities — available-for-sale 229,510 — 78,031 151,479 229,510 Loans held for sale, at fair value 19,611 — 19,611 — 19,611 Loans held for sale, at lower of cost or fair value 11,182 — — 11,255 11,255 Loans held for investment—net 13,093,603 — — 13,149,215 13,149,215 Securities borrowed 274,644 — — 263,274 263,274 Customer, broker-dealer and clearing receivables 510,561 — — 502,086 502,086 Mortgage servicing rights 23,519 — — 23,519 23,519 Financial liabilities: Total deposits 12,733,002 — 11,750,900 — 11,750,900 Advances from the Federal Home Loan Bank 152,500 — 151,017 — 151,017 Borrowings, subordinated notes and debentures 381,682 — 358,541 — 358,541 Securities loaned 447,748 — — 449,181 449,181 Customer, broker-dealer and clearing payables 543,905 — — 532,854 532,854 June 30, 2021 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 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 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

SECURITIES (Tables)

SECURITIES (Tables)	9 Months Ended
	Mar. 31, 2022
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 trading and available-for-sale securities at March 31, 2022 and June 30, 2021 were: March 31, 2022 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): U.S. agencies 1 $ — $ 28,853 $ 43 $ (1,693) $ 27,203 Non-agency 2 — 151,517 1,423 (1,461) 151,479 Total mortgage-backed securities — 180,370 1,466 (3,154) 178,682 Non-MBS: Municipal 366 3,498 — (187) 3,311 Asset-backed securities and structured notes — 46,993 524 — 47,517 Total Non-MBS 366 50,491 524 (187) 50,828 Total debt securities $ 366 $ 230,861 $ 1,990 $ (3,341) $ 229,510 June 30, 2021 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): U.S. 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 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 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: March 31, 2022 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: U.S. agencies $ 19,641 $ (1,192) $ 5,167 $ (501) $ 24,808 $ (1,693) Non-agency 43,916 (1,085) 5,040 (376) 48,956 (1,461) Total MBS 63,557 (2,277) 10,207 (877) 73,764 (3,154) Non-MBS: Municipal debt 3,311 (187) — — 3,311 (187) Asset-backed securities and structured notes — — — — — — Total Non-MBS 3,311 (187) — — 3,311 (187) Total debt securities $ 66,868 $ (2,464) $ 10,207 $ (877) $ 77,075 $ (3,341) June 30, 2021 Available-for-sale securities in loss position for Less Than More Than Total (Dollars in thousands) Fair Gross Fair Gross Fair Gross MBS: U.S. agencies $ 10,001 $ (146) $ — $ — $ 10,001 $ (146) Non-agency — — 6,018 (421) 6,018 (421) Total MBS 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)
Schedule of Unrealized Gain (Loss) on Investments on Available-for-sale Securities	The Company had recorded unrealized gains and unrealized losses in accumulated other comprehensive loss as follows: (Dollars in thousands) March 31, June 30, Available-for-sale debt securities—net unrealized gains (losses) $ (1,351) $ 4,507 Available-for-sale debt securities—non-credit related losses (845) (845) Subtotal (2,196) 3,662 Tax benefit (expense) 570 (1,155) Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss) $ (1,626) $ 2,507

LOANS & ALLOWANCE FOR CREDIT _2

LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)	9 Months Ended
	Mar. 31, 2022
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: (Dollars in thousands) March 31, 2022 June 30, 2021 Single Family - Mortgage & Warehouse $ 3,972,103 $ 4,359,472 Multifamily and Commercial Mortgage 2,662,517 2,470,454 Commercial Real Estate 4,293,032 3,180,453 Commercial & Industrial - Non-RE 1,780,545 1,123,869 Auto & Consumer 521,936 362,180 Other 16,125 58,316 Total gross loans 13,246,258 11,554,744 Allowance for credit losses - loans (143,372) (132,958) Unaccreted premiums (discounts) and loan fees (9,283) (6,972) Total net loans $ 13,093,603 $ 11,414,814
Schedule of Allowance for Credit Losses on Financing Receivables	The following tables summarize activity in the allowance for credit losses - loans by portfolio classes for the periods indicated. For the Three Months Ended March 31, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Balance at January 1, 2022 $ 25,580 $ 13,628 $ 67,581 $ 22,716 $ 10,921 $ 63 $ 140,489 Provision (benefit) for credit losses - loans (3,797) 190 2,248 3,525 2,352 (18) 4,500 Charge-offs — — — — (1,892) — (1,892) Recoveries 6 — — 27 242 — 275 Balance at March 31, 2022 $ 21,789 $ 13,818 $ 69,829 $ 26,268 $ 11,623 $ 45 $ 143,372 For the Three Months Ended March 31, 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 January 1, 2021 $ 32,727 $ 12,889 $ 56,715 $ 19,129 $ 7,413 $ 7,520 $ 136,393 Provision for credit losses - loans (2,785) 704 (133) 4,506 317 91 2,700 Charge-offs (110) (177) (255) — (863) — (1,405) Recoveries 83 — — 18 318 — 419 Balance at March 31, 2021 $ 29,915 $ 13,416 $ 56,327 $ 23,653 $ 7,185 $ 7,611 $ 138,107 For the Nine Months Ended March 31, 2022 (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, 2021 $ 26,604 $ 13,146 $ 57,928 $ 28,460 $ 6,519 $ 301 $ 132,958 Provision (benefit) for credit losses - loans (4,966) 495 11,901 (1,951) 7,277 (256) 12,500 Charge-offs — — (322) (2,926) — (3,248) Recoveries 151 177 — 81 753 — 1,162 Balance at March 31, 2022 $ 21,789 $ 13,818 $ 69,829 $ 26,268 $ 11,623 $ 45 $ 143,372 For the Nine Months Ended March 31, 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 $ 25,901 $ 4,718 $ 21,052 $ 9,954 $ 9,461 $ 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 47 1,467 9,637 9,472 (984) 2,861 22,500 Charge-offs (2,469) (177) (255) (2,833) (2,819) — (8,553) Recoveries 118 — — 18 917 — 1,053 Balance at March 31, 2021 $ 29,915 $ 13,416 $ 56,327 $ 23,653 $ 7,185 $ 7,611 $ 138,107 The following tables present a summary of the activity in the allowance for credit losses for the periods indicated: Three Months Ended March 31, 2022 (Dollars in thousands) Allowance for Credit Losses - Loans Unfunded Loan Commitment Liabilities Total Allowance for Credit Losses Balance at January 1, 2022 $ 140,489 $ 8,723 $ 149,212 Provision for Credit Losses 4,500 1,000 5,500 Charge-offs (1,892) — (1,892) Recoveries 275 — 275 Balance at March 31, 2022 $ 143,372 $ 9,723 $ 153,095 Three Months Ended March 31, 2021 (Dollars in thousands) Allowance for Credit Losses - Loans Unfunded Loan Commitment Liabilities Total Allowance for Credit Losses Balance at January 1, 2021 $ 136,393 $ 5,723 $ 142,116 Provision for Credit Losses 2,700 — 2,700 Charge-offs (1,405) — (1,405) Recoveries 419 — 419 Balance at March 31, 2021 $ 138,107 $ 5,723 $ 143,830 For the Nine Months Ended March 31, 2022 (Dollars in thousands) Allowance for Credit Losses - Loans Unfunded Loan Commitment Liabilities Total Allowance for Credit Losses Balance at July 1, 2021 $ 132,958 $ 5,723 $ 138,681 Provision for Credit Losses 12,500 4,000 16,500 Charge-offs (3,248) — (3,248) Recoveries 1,162 — 1,162 Balance at March 31, 2022 $ 143,372 $ 9,723 $ 153,095 For the Nine Months Ended March 31, 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 22,500 (300) 22,200 Charge-offs (8,553) — (8,553) Recoveries 1,053 — 1,053 Balance at March 31, 2021 $ 138,107 $ 5,723 $ 143,830
Schedule of Nonaccrual Loans	Nonaccrual loans consisted of the following as of the dates indicated: As of March 31, 2022 (Dollars in thousands) With Allowance With No Allowance Total Single Family - Mortgage & Warehouse $ 52,017 $ 61,300 $ 113,317 Multifamily and Commercial Mortgage 2,941 6,727 9,668 Commercial Real Estate — 14,952 14,952 Commercial & Industrial - Non-RE — — — Auto & Consumer 62 383 445 Other — 372 372 Total nonaccrual loans $ 55,020 $ 83,734 $ 138,754 Nonaccrual loans to total loans 1.05 %
Schedule of Outstanding Principal Balance on Loans Performing and Nonaccrual	The following tables present the outstanding unpaid balance of loans that are performing and nonaccrual by portfolio class: March 31, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 3,858,786 $ 2,652,850 $ 4,278,080 $ 1,780,545 $ 521,490 $ 15,753 $ 13,107,504 Nonaccrual 113,317 9,667 14,952 — 446 372 138,754 Total $ 3,972,103 $ 2,662,517 $ 4,293,032 $ 1,780,545 $ 521,936 $ 16,125 $ 13,246,258 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
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 as of March 31, 2022 was as follows: Loans Held for Investment Origination Year Revolving Loans Total (Dollars in thousands) 2022 2021 2020 2019 2018 Prior Single Family-Mortgage & Warehouse Pass $ 1,031,670 $ 636,313 $ 477,841 $ 339,895 $ 308,360 $ 609,187 $ 422,833 $ 3,826,099 Special Mention — — 5,625 2,515 5,470 13,111 — 26,721 Substandard — 1,181 34,805 19,253 14,723 49,321 — 119,283 Doubtful — — — — — — — — Total 1,031,670 637,494 518,271 361,663 328,553 671,619 422,833 3,972,103 Multifamily and Commercial Mortgage Pass 622,539 584,536 465,708 302,877 236,822 365,615 — 2,578,097 Special Mention — — 1,462 — 667 1,391 — 3,520 Substandard — 5,814 34,780 9,566 12,601 18,139 — 80,900 Doubtful — — — — — — — — Total 622,539 590,350 501,950 312,443 250,090 385,145 — 2,662,517 Commercial Real Estate Pass 1,707,928 1,070,879 469,277 298,783 39,156 — 511,527 4,097,550 Special Mention — — 12,138 16,628 15,000 — — 43,766 Substandard — — 88,337 16,380 45,701 — 1,298 151,716 Doubtful — — — — — — — — Total 1,707,928 1,070,879 569,752 331,791 99,857 — 512,825 4,293,032 Commercial & Industrial - Non-RE Pass 269,404 35,182 76,610 13,316 12,641 152 1,331,399 1,738,704 Special Mention — — — 206 810 — 28,037 29,053 Substandard 2,988 — 9,800 — — — — 12,788 Doubtful — — — — — — — — Total 272,392 35,182 86,410 13,522 13,451 152 1,359,436 1,780,545 Auto & Consumer Pass 274,134 121,317 50,315 43,816 19,404 11,532 — 520,518 Special Mention 49 345 85 7 19 35 — 540 Substandard 213 121 211 255 62 16 — 878 Doubtful — — — — — — — — Total 274,396 121,783 50,611 44,078 19,485 11,583 — 521,936 Other Pass 2,621 10,253 617 — 1,179 1,028 — 15,698 Special Mention — — 21 — — 34 — 55 Substandard — — 55 — 317 — — 372 Doubtful — — — — — — — — Total 2,621 10,253 693 — 1,496 1,062 — 16,125 Total Pass 3,908,296 2,458,480 1,540,368 998,687 617,562 987,514 2,265,759 12,776,666 Special Mention 49 345 19,331 19,356 21,966 14,571 28,037 103,655 Substandard 3,201 7,116 167,988 45,454 73,404 67,476 1,298 365,937 Doubtful — — — — — — — — Total $ 3,911,546 $ 2,465,941 $ 1,727,687 $ 1,063,497 $ 712,932 $ 1,069,561 $ 2,295,094 $ 13,246,258 As a % of total gross loans 29.54 % 18.62 % 13.04 % 8.03 % 5.38 % 8.07 % 17.33 % 100.0 %
Schedule of Past Due Loan and Leases	The following tables provide the outstanding unpaid balance of loans that are past due 30 days or more by portfolio class as of the dates indicated: March 31, 2022 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Single Family-Mortgage & Warehouse $ 19,537 $ 8,579 $ 110,099 $ 138,215 Multifamily and Commercial Mortgage 8,703 10,254 3,667 22,624 Commercial Real Estate — 58,205 1,141 59,346 Commercial & Industrial - Non-RE — 80 — 80 Auto & Consumer 3,558 1,158 406 5,122 Other 147 55 363 565 Total $ 31,945 $ 78,331 $ 115,676 $ 225,952 As a % of total gross loans 0.24 % 0.59 % 0.87 % 1.71 % June 30, 2021 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due 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 total gross loans and leases 0.60 % 0.42 % 0.73 % 1.75 %

EQUITY AND STOCK-BASED COMPEN_2

EQUITY AND STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Unrecognized Compensation Expense Related to Non-vested Awards To be Recognized in the Future	At March 31, 2022, unrecognized compensation expense related to non-vested awards aggregated to $43.7 million and is expected to be recognized in future periods as follows: (Dollars in thousands) Stock Award For the fiscal year remainder: 2022 $ 5,481 2023 18,443 2024 13,142 2025 5,253 2026 989 Thereafter 400 Total $ 43,708
Schedule of Status and Changes in Restricted Stock Grants	The following table presents the status and changes in restricted stock units for the periods indicated: Restricted Weighted-Average Non-vested balance at June 30, 2020 1,445,540 $ 28.62 Granted 617,833 32.12 Vested (666,790) 29.23 Forfeited (176,113) 27.42 Non-vested balance at June 30, 2021 1,220,470 $ 30.18 Granted 1,005,052 48.31 Vested (503,272) 29.52 Forfeited (123,406) 35.58 Non-vested balance at March 31, 2022 1,598,844 $ 41.41

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted EPS	The following table presents the calculation of basic and diluted EPS: Three Months Ended Nine Months Ended March 31, March 31, (Dollars in thousands, except per share data) 2022 2021 2022 2021 Earnings Per Common Share Net income $ 61,823 $ 53,645 $ 182,820 $ 161,452 Preferred stock dividends — — — (103) Preferred stock redemption charge — — — (87) Net income attributable to common stockholders $ 61,823 $ 53,645 $ 182,820 $ 161,262 Average common shares outstanding 59,542,128 59,118,884 59,476,488 59,225,409 Total qualifying shares 59,542,128 59,118,884 59,476,488 59,225,409 Earnings per common share $ 1.04 $ 0.91 $ 3.07 $ 2.72 Diluted Earnings Per Common Share Net income attributable to common stockholders $ 61,823 $ 53,645 $ 182,820 $ 161,262 Average common shares issued and outstanding 59,542,128 59,118,884 59,476,488 59,225,409 Dilutive effect of average unvested RSUs 1,069,831 1,363,849 1,128,998 1,227,811 Total dilutive common shares outstanding 60,611,959 60,482,733 60,605,486 60,453,220 Diluted earnings per common share $ 1.02 $ 0.89 $ 3.02 $ 2.67

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	9 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Maturities of Lease Liabilities	Operating Leases. 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 March 31, 2022 in the corresponding fiscal years: (Dollars in thousands) Remainder of 2022 $ 2,498 2023 10,595 2024 10,287 2025 10,119 2026 9,791 Thereafter 38,821 Total lease payments 82,111 Less: amount representing interest (8,668) Total Lease Liability $ 73,443

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	9 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables present the operating results, goodwill, and assets of the segments: For the Three Months Ended March 31, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 147,828 $ 3,377 $ (1,667) $ 149,538 Provision for credit losses 4,500 — — 4,500 Non-interest income 15,741 15,609 (2,576) 28,774 Non-interest expense 65,076 20,242 1,501 86,819 Income before taxes $ 93,993 $ (1,256) $ (5,744) $ 86,993 For the Three Months Ended March 31, 2021 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 135,096 $ 3,847 $ (3,274) $ 135,669 Provision for credit losses 2,700 — — 2,700 Non-interest income 16,201 8,369 (683) 23,887 Non-interest expense 64,040 13,282 3,485 80,807 Income before taxes $ 84,557 $ (1,066) $ (7,442) $ 76,049 For the Nine Months Ended March 31, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 432,328 $ 14,059 $ (4,639) $ 441,748 Provision for credit losses 12,500 — — 12,500 Non-interest income 46,864 45,169 (5,770) 86,263 Non-interest expense 190,250 61,169 5,850 257,269 Income before taxes $ 276,442 $ (1,941) $ (16,259) $ 258,242 For the Nine Months Ended March 31, 2021 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 390,268 $ 13,002 $ (6,182) $ 397,088 Provision for credit losses 22,500 — — 22,500 Non-interest income 68,708 20,725 (973) 88,460 Non-interest expense 187,733 35,946 8,971 232,650 Income before taxes $ 248,743 $ (2,219) $ (16,126) $ 230,398 As of March 31, 2022 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 59,953 $ — $ 95,674 Total Assets $ 14,768,636 $ 1,246,997 $ 65,317 $ 16,080,950 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

ACQUISITIONS - NARRATIVE (Detai

ACQUISITIONS - NARRATIVE (Details) - USD ($)	Aug. 02, 2021	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Goodwill			$ 95,674,000	$ 95,674,000	$ 71,222,000
E*TRADE Advisor Services
Business Acquisition [Line Items]
Cash consideration	$ 54,600,000	$ 54,800,000
Acquisition-related costs			0	40,000
Tangible assets acquired	6,500,000		6,400,000	6,400,000
Liabilities assumed	3,400,000		$ 3,100,000	$ 3,100,000
Intangible assets acquired	27,060,000
Goodwill	$ 24,400,000
True-up payment based on working capital adjustment		$ 200,000

ACQUISITIONS - FAIR VALUE OF AS

ACQUISITIONS - FAIR VALUE OF ASSETS ACQUIRED (Details) - E*TRADE Advisor Services $ in Thousands	Aug. 02, 2021USD ($)
Business Acquisition [Line Items]
Fair Value	$ 27,060
Trade name
Business Acquisition [Line Items]
Fair Value	$ 290
Weighted-average useful lives (years)	1 month 28 days
Proprietary Technology
Business Acquisition [Line Items]
Fair Value	$ 10,990
Weighted-average useful lives (years)	7 years
Customer Relationships
Business Acquisition [Line Items]
Fair Value	$ 15,650
Weighted-average useful lives (years)	14 years
Non-Compete Agreements
Business Acquisition [Line Items]
Fair Value	$ 130
Weighted-average useful lives (years)	1 year

FAIR VALUE - ASSETS AND LIABILI

FAIR VALUE - ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
ASSETS:
Trading	$ 366	$ 1,983
Available-for-sale	229,510	187,335
Loans held for sale, at fair value	19,611	29,768
Municipal
ASSETS:
Trading	366	1,983
Available-for-sale	3,311	3,565
Agency MBS
ASSETS:
Trading	0	0
Available-for-sale	27,203	23,913
Non-Agency MBS
ASSETS:
Trading	0	0
Available-for-sale	151,479	67,615
Quoted Prices in Active Markets for Identical Assets (Level 1)
ASSETS:
Trading	0	0
Available-for-sale	0	0
Loans held for sale, at fair value	0	0
Mortgage servicing rights	0	0
Significant Other Observable Inputs (Level 2)
ASSETS:
Trading	366	1,983
Available-for-sale	78,031	119,720
Loans held for sale, at fair value	19,611	29,768
Mortgage servicing rights	0	0
Significant Unobservable Inputs (Level 3)
ASSETS:
Trading	0	0
Available-for-sale	151,479	67,615
Loans held for sale, at fair value	0	0
Mortgage servicing rights	23,519	17,911
Recurring
ASSETS:
Available-for-sale	229,510	187,335
Loans held for sale, at fair value	19,611	29,768
Mortgage servicing rights	23,519	17,911
Other assets—Derivative instruments	2,154	2,280
LIABILITIES:
Other liabilities—Derivative instruments	1,004	75
Recurring | Municipal
ASSETS:
Trading	366	1,983
Available-for-sale	3,311	3,565
Recurring | Agency MBS
ASSETS:
Available-for-sale	27,203	23,913
Recurring | Non-Agency MBS
ASSETS:
Available-for-sale	151,479	67,615
Recurring | Asset-backed securities and structured notes
ASSETS:
Available-for-sale	47,517	92,242
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
ASSETS:
Available-for-sale	0	0
Loans held for sale, at fair value	0	0
Mortgage servicing rights	0	0
Other assets—Derivative instruments	0	0
LIABILITIES:
Other liabilities—Derivative instruments	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal
ASSETS:
Trading	0	0
Available-for-sale	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Agency MBS
ASSETS:
Available-for-sale	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Non-Agency MBS
ASSETS:
Available-for-sale	0	0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Asset-backed securities and structured notes
ASSETS:
Available-for-sale	0	0
Recurring | Significant Other Observable Inputs (Level 2)
ASSETS:
Available-for-sale	78,031	119,720
Loans held for sale, at fair value	19,611	29,768
Mortgage servicing rights	0	0
Other assets—Derivative instruments	0	0
LIABILITIES:
Other liabilities—Derivative instruments	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Municipal
ASSETS:
Trading	366	1,983
Available-for-sale	3,311	3,565
Recurring | Significant Other Observable Inputs (Level 2) | Agency MBS
ASSETS:
Available-for-sale	27,203	23,913
Recurring | Significant Other Observable Inputs (Level 2) | Non-Agency MBS
ASSETS:
Available-for-sale	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Asset-backed securities and structured notes
ASSETS:
Available-for-sale	47,517	92,242
Recurring | Significant Unobservable Inputs (Level 3)
ASSETS:
Available-for-sale	151,479	67,615
Loans held for sale, at fair value	0	0
Mortgage servicing rights	23,519	17,911
Other assets—Derivative instruments	2,154	2,280
LIABILITIES:
Other liabilities—Derivative instruments	1,004	75
Recurring | Significant Unobservable Inputs (Level 3) | Municipal
ASSETS:
Trading	0	0
Available-for-sale	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Agency MBS
ASSETS:
Available-for-sale	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Non-Agency MBS
ASSETS:
Available-for-sale	151,479	67,615
Recurring | Significant Unobservable Inputs (Level 3) | Asset-backed securities and structured notes
ASSETS:
Available-for-sale	$ 0	$ 0

FAIR VALUE - LEVEL 3 ASSETS MEA

FAIR VALUE - LEVEL 3 ASSETS MEASURED ON RECURRING BASIS (Details) - Recurring - Level 3 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	$ 80,239	$ 39,428	$ 87,731	$ 36,423
Total gains or losses for the period - Included in other comprehensive income	(1,841)	913	(2,480)	607
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	96,093	3,538	99,379	11,222
Settlements	(432)	(671)	(8,656)	(1,562)
Closing balance	176,148	40,836	176,148	40,836
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	2,089	(2,372)	174	(5,854)
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	2,089	(2,372)	174	(5,854)
Non-Agency MBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	58,752	17,135	67,615	18,332
Total gains or losses for the period - Included in other comprehensive income	(1,841)	913	(2,480)	607
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	95,000	0	95,000	0
Settlements	(432)	(671)	(8,656)	(1,562)
Closing balance	151,479	17,377	151,479	17,377
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	0	0	0	0
Non-Agency MBS | 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	0	0	0	0
Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	20,110	14,314	17,911	10,675
Total gains or losses for the period - Included in other comprehensive income	0	0	0	0
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	1,093	3,538	4,379	11,222
Settlements	0	0	0	0
Closing balance	23,519	16,631	23,519	16,631
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	2,316	(1,221)	1,229	(5,266)
Mortgage Servicing Rights | 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	2,316	(1,221)	1,229	(5,266)
Derivative Instruments, net
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	1,377	7,979	2,205	7,416
Total gains or losses for the period - Included in other comprehensive income	0	0	0	0
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	0	0	0	0
Settlements	0	0	0	0
Closing balance	1,150	6,828	1,150	6,828
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	(227)	(1,151)	(1,055)	(588)
Derivative Instruments, net | 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	$ (227)	$ (1,151)	$ (1,055)	$ (588)

FAIR VALUE - QUANTITATIVE INFOR

FAIR VALUE - QUANTITATIVE INFORMATION ABOUT LEVEL 3 FAIR VALUE MEASURMENTS (RECURRING) (Details) $ in Thousands	Mar. 31, 2022USD ($)year	Jun. 30, 2021USD ($)year
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale	$ 229,510	$ 187,335
Non-Agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale	151,479	67,615
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale	151,479	67,615
Mortgage servicing rights	23,519	17,911
Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale	229,510	187,335
Mortgage servicing rights	23,519	17,911
Recurring | Non-Agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale	151,479	67,615
Recurring | Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale	151,479	67,615
Mortgage servicing rights	23,519	17,911
Recurring | Level 3 | Non-Agency MBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Available-for-sale	$ 151,479	$ 67,615
Recurring | Level 3 | Non-Agency MBS | Projected Constant Prepayment Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring | Level 3 | Non-Agency MBS | Projected Constant Prepayment Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.300	0.250
Recurring | Level 3 | Non-Agency MBS | Projected Constant Prepayment Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.193	0.027
Recurring | Level 3 | Non-Agency MBS | Projected Constant Default Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring | Level 3 | Non-Agency MBS | Projected Constant Default Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.067	0.056
Recurring | Level 3 | Non-Agency MBS | Projected Constant Default Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.020	0.006
Recurring | Level 3 | Non-Agency MBS | Projected Loss Severity | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring | Level 3 | Non-Agency MBS | Projected Loss Severity | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.683	1
Recurring | Level 3 | Non-Agency MBS | Projected Loss Severity | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.249	0.194
Recurring | Level 3 | Non-Agency MBS | Discount Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.027	0.027
Recurring | Level 3 | Non-Agency MBS | Discount Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.065	0.072
Recurring | Level 3 | Non-Agency MBS | Discount Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.028	0.031
Recurring | Level 3 | Mortgage Servicing Rights
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing rights	$ 23,519	$ 17,911
Recurring | Level 3 | Mortgage Servicing Rights | Projected Constant Prepayment Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.098	0.075
Recurring | Level 3 | Mortgage Servicing Rights | Projected Constant Prepayment Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.510	0.374
Recurring | Level 3 | Mortgage Servicing Rights | Projected Constant Prepayment Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.134	0.115
Recurring | Level 3 | Mortgage Servicing Rights | Discount Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.095	0.095
Recurring | Level 3 | Mortgage Servicing Rights | Discount Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.113	0.130
Recurring | Level 3 | Mortgage Servicing Rights | Discount Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.095	0.096
Recurring | Level 3 | Mortgage Servicing Rights | Life (in years) | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input | year	1.4	1.7
Recurring | Level 3 | Mortgage Servicing Rights | Life (in years) | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input | year	8.6	7.5
Recurring | Level 3 | Mortgage Servicing Rights | Life (in years) | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input | year	7.2	6.4
Recurring | Level 3 | Derivative Instruments, net
Fair Value, Option, Quantitative Disclosures [Line Items]
Derivative Instruments	$ 1,150	$ 2,205
Recurring | Level 3 | Derivative Instruments, net | Projected Sales Profit of Underlying Loans | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Derivative instruments, net, measurement input	(0.010)	0.002
Recurring | Level 3 | Derivative Instruments, net | Projected Sales Profit of Underlying Loans | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Derivative instruments, net, measurement input	0.002	0.005
Recurring | Level 3 | Derivative Instruments, net | Projected Sales Profit of Underlying Loans | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Derivative instruments, net, measurement input	(0.002)	0.003

FAIR VALUE - ASSETS MEASURED FO

FAIR VALUE - ASSETS MEASURED FOR IMPAIRMENT ON NONRECURRING BASIS (Details) - Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 564	$ 6,782
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
Autos and RVs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	564	235
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
Quoted Prices in Active Markets for Identical Assets (Level 1) | Autos and 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
Significant Other Observable Inputs (Level 2) | Autos and 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	564	6,782
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
Significant Unobservable Inputs (Level 3) | Autos and RVs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 564	$ 235

FAIR VALUE - NARRATIVE (Details

FAIR VALUE - NARRATIVE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Impaired loans, charge-offs	$ 1,892	$ 1,405	$ 3,248	$ 8,553
Nonrecurring
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	564		564		$ 6,782
Other real estate owned | Nonrecurring
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 564		564
Impaired loans, charge-offs			$ 79

FAIR VALUE - LOANS HELD-FOR-SAL

FAIR VALUE - LOANS HELD-FOR-SALE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Aggregate fair value	$ 19,611		$ 19,611		$ 29,768
Contractual balance	19,749		19,749		28,940
Unrealized gain (loss)	(138)		(138)		$ 828
Interest income	204	$ 387	598	$ 1,189
Change in fair value	(1,041)	(1,829)	(2,019)	(1,369)
Total	$ (837)	$ (1,442)	$ (1,421)	$ (180)

FAIR VALUE - QUANTITATIVE INF_2

FAIR VALUE - QUANTITATIVE INFORMATION ABOUT LEVEL 3 FAIR VALUE MEASURMENTS (NONRECURRING) (Details) - Nonrecurring $ in Thousands	Mar. 31, 2022USD ($)	Jun. 30, 2021USD ($)
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 564	$ 6,782
Single family real estate
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value		6,547
Autos and RVs
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	564	235
Level 3
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	564	6,782
Level 3 | Single family real estate
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value		$ 6,547
Level 3 | Single family real estate | Adjustment for differences between the comparable sales | Minimum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned, measurement input		0.015
Level 3 | Single family real estate | Adjustment for differences between the comparable sales | Maximum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned, measurement input		0.061
Level 3 | Single family real estate | Adjustment for differences between the comparable sales | Weighted Average
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned, measurement input		0.020
Level 3 | Autos and RVs
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 564	$ 235
Level 3 | Autos and RVs | Adjustment for differences between the comparable sales | Minimum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other repossessed assets, measurement Input	(0.106)	0.021
Level 3 | Autos and RVs | Adjustment for differences between the comparable sales | Maximum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other repossessed assets, measurement Input	0.155	0.147
Level 3 | Autos and RVs | Adjustment for differences between the comparable sales | Weighted Average
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other repossessed assets, measurement Input	(0.027)	0.021

FAIR VALUE - FAIR VALUE BY BALA

FAIR VALUE - FAIR VALUE BY BALANCE SHEET GROUPING (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Financial assets:
Trading	$ 366	$ 1,983
Available-for-sale	229,510	187,335
Loans held for sale, at fair value	19,611	29,768
Loans held for sale, lower of cost or fair value	11,182	12,294
Securities borrowed	274,644	619,088
Financial liabilities:
Securities loaned	447,748	728,988
Carrying Amount
Financial assets:
Cash and cash equivalents	1,249,314	1,037,777
Trading	366	1,983
Available-for-sale	229,510	187,335
Loans held for sale, at fair value	19,611	29,768
Loans held for sale, lower of cost or fair value	11,182	12,294
Loans held for investment—net	13,093,603	11,414,814
Securities borrowed	274,644	619,088
Customer, broker-dealer and clearing receivables	510,561	369,815
Mortgage servicing rights	23,519	17,911
Financial liabilities:
Total deposits	12,733,002	10,815,797
Advances from the Federal Home Loan Bank	152,500	353,500
Borrowings, subordinated notes and debentures	381,682	221,358
Securities loaned	447,748	728,988
Customer, broker-dealer and clearing payables	543,905	535,425
Total Fair Value
Financial assets:
Cash and cash equivalents	1,249,314	1,037,777
Trading	366	1,983
Available-for-sale	229,510	187,335
Loans held for sale, at fair value	19,611	29,768
Loans held for sale, lower of cost or fair value	11,255	12,336
Loans held for investment—net	13,149,215	11,833,102
Securities borrowed	263,274	619,274
Customer, broker-dealer and clearing receivables	502,086	369,815
Mortgage servicing rights	23,519	17,911
Financial liabilities:
Total deposits	11,750,900	10,297,450
Advances from the Federal Home Loan Bank	151,017	353,500
Borrowings, subordinated notes and debentures	358,541	210,196
Securities loaned	449,181	731,467
Customer, broker-dealer and clearing payables	532,854	535,425
Level 1
Financial assets:
Cash and cash equivalents	1,249,314	1,037,777
Trading	0	0
Available-for-sale	0	0
Loans held for sale, at fair value	0	0
Loans held for sale, lower of cost or fair value	0	0
Loans 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 and cash equivalents	0	0
Trading	366	1,983
Available-for-sale	78,031	119,720
Loans held for sale, at fair value	19,611	29,768
Loans held for sale, lower of cost or fair value	0	0
Loans 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	11,750,900	10,297,450
Advances from the Federal Home Loan Bank	151,017	353,500
Borrowings, subordinated notes and debentures	358,541	210,196
Securities loaned	0	0
Customer, broker-dealer and clearing payables	0	0
Level 3
Financial assets:
Cash and cash equivalents	0	0
Trading	0	0
Available-for-sale	151,479	67,615
Loans held for sale, at fair value	0	0
Loans held for sale, lower of cost or fair value	11,255	12,336
Loans held for investment—net	13,149,215	11,833,102
Securities borrowed	263,274	619,274
Customer, broker-dealer and clearing receivables	502,086	369,815
Mortgage servicing rights	23,519	17,911
Financial liabilities:
Total deposits	0	0
Advances from the Federal Home Loan Bank	0	0
Borrowings, subordinated notes and debentures	0	0
Securities loaned	449,181	731,467
Customer, broker-dealer and clearing payables	$ 532,854	$ 535,425

SECURITIES - AMORTIZED COST, CA

SECURITIES - AMORTIZED COST, CARRYING AMOUNT AND FAIR VALUE DISCLOSURES (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Debt Securities, Available-for-sale [Line Items]
Securities Trading - Fair Value	$ 366	$ 1,983
Amortized Cost	230,861	182,828
Unrealized Gains	1,990	5,074
Unrealized Losses	(3,341)	(567)
Fair Value	229,510	187,335
U.S. agencies
Debt Securities, Available-for-sale [Line Items]
Securities Trading - Fair Value	0	0
Amortized Cost	28,853	23,639
Unrealized Gains	43	420
Unrealized Losses	(1,693)	(146)
Fair Value	27,203	23,913
Non-agency
Debt Securities, Available-for-sale [Line Items]
Securities Trading - Fair Value	0	0
Amortized Cost	151,517	65,174
Unrealized Gains	1,423	2,862
Unrealized Losses	(1,461)	(421)
Fair Value	151,479	67,615
Total MBS
Debt Securities, Available-for-sale [Line Items]
Securities Trading - Fair Value	0	0
Amortized Cost	180,370	88,813
Unrealized Gains	1,466	3,282
Unrealized Losses	(3,154)	(567)
Fair Value	178,682	91,528
Municipal debt
Debt Securities, Available-for-sale [Line Items]
Securities Trading - Fair Value	366	1,983
Amortized Cost	3,498	3,466
Unrealized Gains	0	99
Unrealized Losses	(187)	0
Fair Value	3,311	3,565
Asset-backed securities and structured notes
Debt Securities, Available-for-sale [Line Items]
Securities Trading - Fair Value	0	0
Amortized Cost	46,993	90,549
Unrealized Gains	524	1,693
Unrealized Losses	0	0
Fair Value	47,517	92,242
Total Non-MBS
Debt Securities, Available-for-sale [Line Items]
Securities Trading - Fair Value	366	1,983
Amortized Cost	50,491	94,015
Unrealized Gains	524	1,792
Unrealized Losses	(187)	0
Fair Value	$ 50,828	$ 95,807

SECURITIES - NARRATIVE (Details

SECURITIES - NARRATIVE (Details)	3 Months Ended	9 Months Ended
	Mar. 31, 2022USD ($)security	Mar. 31, 2022USD ($)security	Mar. 31, 2021security	Jun. 30, 2021USD ($)security
Debt Securities, Available-for-sale [Line Items]
Available-for-sale	$ 229,510,000	$ 229,510,000		$ 187,335,000
Number of available-for-sale securities in continuous loss position for a period of more than 12 months | security	12	12		7
Number of available-for-sale securities in continuous loss position for a period of less than 12 months | security	18	18		7
Number of available-for-sale securities sold | security		0	0
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities pledged as collateral	$ 1,200,000	$ 1,200,000		$ 1,400,000
Non-agency
Debt Securities, Available-for-sale [Line Items]
Available-for-sale	$ 151,479,000	$ 151,479,000		$ 67,615,000
Number of non-agency RMBS | security	1	1
Carrying amount of securities with cumulative credit losses	$ 2,400,000	$ 2,400,000
Cumulative credit losses	800,000	$ 800,000
Credit losses recognized in earnings	$ 0
RMBS, Super Senior Securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale, number of securities | security	16	16

SECURITIES - SCHEDULE OF UNREAL

SECURITIES - SCHEDULE OF UNREALIZED LOSS ON INVESTMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Fair Value
Less Than 12 Months	$ 66,868	$ 10,001
More Than 12 Months	10,207	6,018
Total	77,075	16,019
Gross Unrealized Losses
Less Than 12 Months	(2,464)	(146)
More Than 12 Months	(877)	(421)
Total	(3,341)	(567)
U.S. agencies
Fair Value
Less Than 12 Months	19,641	10,001
More Than 12 Months	5,167	0
Total	24,808	10,001
Gross Unrealized Losses
Less Than 12 Months	(1,192)	(146)
More Than 12 Months	(501)	0
Total	(1,693)	(146)
Non-agency
Fair Value
Less Than 12 Months	43,916	0
More Than 12 Months	5,040	6,018
Total	48,956	6,018
Gross Unrealized Losses
Less Than 12 Months	(1,085)	0
More Than 12 Months	(376)	(421)
Total	(1,461)	(421)
Total MBS
Fair Value
Less Than 12 Months	63,557	10,001
More Than 12 Months	10,207	6,018
Total	73,764	16,019
Gross Unrealized Losses
Less Than 12 Months	(2,277)	(146)
More Than 12 Months	(877)	(421)
Total	(3,154)	(567)
Municipal debt
Fair Value
Less Than 12 Months	3,311	0
More Than 12 Months	0	0
Total	3,311	0
Gross Unrealized Losses
Less Than 12 Months	(187)	0
More Than 12 Months	0	0
Total	(187)	0
Asset-backed securities and structured notes
Fair Value
Less Than 12 Months	0	0
More Than 12 Months	0	0
Total	0	0
Gross Unrealized Losses
Less Than 12 Months	0	0
More Than 12 Months	0	0
Total	0	0
Total Non-MBS
Fair Value
Less Than 12 Months	3,311	0
More Than 12 Months	0	0
Total	3,311	0
Gross Unrealized Losses
Less Than 12 Months	(187)	0
More Than 12 Months	0	0
Total	$ (187)	$ 0

SECURITIES - UNREALIZED GAIN (L

SECURITIES - UNREALIZED GAIN (LOSS) ON INVESTMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Available-for-sale debt securities—net unrealized gains (losses)	$ (1,351)	$ 4,507
Available-for-sale debt securities—non-credit related losses	(845)	(845)
Subtotal	(2,196)	3,662
Tax benefit (expense)	570	(1,155)
Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss)	$ (1,626)	$ 2,507

LOANS & ALLOWANCE FOR CREDIT _3

LOANS & ALLOWANCE FOR CREDIT LOSSES - LOAN PORTFOLIO COMPOSITION (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	$ 13,246,258		$ 11,554,744
Allowance for credit losses - loans	(143,372)	$ (140,489)	(132,958)	$ (138,107)	$ (136,393)	$ (75,807)
Unaccreted premiums (discounts) and loan and lease fees	(9,283)		(6,972)
Total net loans and leases	13,093,603		11,414,814
Single Family - Mortgage & Warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	3,972,103		4,359,472
Allowance for credit losses - loans	(21,789)	(25,580)	(26,604)	(29,915)	(32,727)	(25,901)
Multifamily and Commercial Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	2,662,517		2,470,454
Allowance for credit losses - loans	(13,818)	(13,628)	(13,146)	(13,416)	(12,889)	(4,718)
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	4,293,032		3,180,453
Allowance for credit losses - loans	(69,829)	(67,581)	(57,928)	(56,327)	(56,715)	(21,052)
Commercial & Industrial - Non-RE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	1,780,545		1,123,869
Allowance for credit losses - loans	(26,268)	(22,716)	(28,460)	(23,653)	(19,129)	(9,954)
Auto & Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	521,936		362,180
Allowance for credit losses - loans	(11,623)	(10,921)	(6,519)	(7,185)	(7,413)	(9,461)
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	16,125		58,316
Allowance for credit losses - loans	$ (45)	$ (63)	$ (301)	$ (7,611)	$ (7,520)	$ (4,721)

LOANS & ALLOWANCE FOR CREDIT _4

LOANS & ALLOWANCE FOR CREDIT LOSSES - ALLOWANCE FOR LOAN LOSS BY PORTFOLIO CLASS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Allowance for Credit Losses - Loans
Balance, beginning of period	$ 140,489	$ 136,393	$ 132,958	$ 132,958	$ 75,807
Provision (benefit) for credit losses - loans	4,500	2,700		12,500	22,500
Charge-offs	(1,892)	(1,405)		(3,248)	(8,553)
Recoveries	275	419		1,162	1,053
Balance, end of period	143,372	138,107	$ 140,489	143,372	$ 138,107
Accounting Standards Update [Extensible List]			Accounting Standards Update 2016-13 [Member]		Accounting Standards Update 2016-13 [Member]
Single Family - Mortgage & Warehouse
Allowance for Credit Losses - Loans
Balance, beginning of period	25,580	32,727	$ 26,604	26,604	$ 25,901
Provision (benefit) for credit losses - loans	(3,797)	(2,785)		(4,966)	47
Charge-offs	0	(110)			(2,469)
Recoveries	6	83		151	118
Balance, end of period	21,789	29,915	25,580	21,789	29,915
Multifamily and Commercial Mortgage
Allowance for Credit Losses - Loans
Balance, beginning of period	13,628	12,889	13,146	13,146	4,718
Provision (benefit) for credit losses - loans	190	704		495	1,467
Charge-offs	0	(177)		0	(177)
Recoveries	0	0		177	0
Balance, end of period	13,818	13,416	13,628	13,818	13,416
Commercial Real Estate
Allowance for Credit Losses - Loans
Balance, beginning of period	67,581	56,715	57,928	57,928	21,052
Provision (benefit) for credit losses - loans	2,248	(133)		11,901	9,637
Charge-offs	0	(255)		0	(255)
Recoveries	0	0		0	0
Balance, end of period	69,829	56,327	67,581	69,829	56,327
Commercial & Industrial - Non-RE
Allowance for Credit Losses - Loans
Balance, beginning of period	22,716	19,129	28,460	28,460	9,954
Provision (benefit) for credit losses - loans	3,525	4,506		(1,951)	9,472
Charge-offs	0	0		(322)	(2,833)
Recoveries	27	18		81	18
Balance, end of period	26,268	23,653	22,716	26,268	23,653
Auto & Consumer
Allowance for Credit Losses - Loans
Balance, beginning of period	10,921	7,413	6,519	6,519	9,461
Provision (benefit) for credit losses - loans	2,352	317		7,277	(984)
Charge-offs	(1,892)	(863)		(2,926)	(2,819)
Recoveries	242	318		753	917
Balance, end of period	11,623	7,185	10,921	11,623	7,185
Other
Allowance for Credit Losses - Loans
Balance, beginning of period	63	7,520	301	301	4,721
Provision (benefit) for credit losses - loans	(18)	91		(256)	2,861
Charge-offs	0	0		0	0
Recoveries	0	0		0	0
Balance, end of period	$ 45	$ 7,611	$ 63	$ 45	7,611
Effect of Adoption of ASC 326
Allowance for Credit Losses - Loans
Balance, beginning of period					47,300
Effect of Adoption of ASC 326 | Single Family - Mortgage & Warehouse
Allowance for Credit Losses - Loans
Balance, beginning of period					6,318
Effect of Adoption of ASC 326 | Multifamily and Commercial Mortgage
Allowance for Credit Losses - Loans
Balance, beginning of period					7,408
Effect of Adoption of ASC 326 | Commercial Real Estate
Allowance for Credit Losses - Loans
Balance, beginning of period					25,893
Effect of Adoption of ASC 326 | Commercial & Industrial - Non-RE
Allowance for Credit Losses - Loans
Balance, beginning of period					7,042
Effect of Adoption of ASC 326 | Auto & Consumer
Allowance for Credit Losses - Loans
Balance, beginning of period					610
Effect of Adoption of ASC 326 | Other
Allowance for Credit Losses - Loans
Balance, beginning of period					$ 29

LOANS & ALLOWANCE FOR CREDIT _5

LOANS & ALLOWANCE FOR CREDIT LOSSES - NONACCRUAL LOANS (Details) $ in Thousands	Mar. 31, 2022USD ($)
Financing Receivable, Nonaccrual [Line Items]
With Allowance	$ 55,020
With No Allowance	83,734
Total	$ 138,754
Nonaccrual loans to total loans (as a percent)	1.05%
Single Family - Mortgage & Warehouse
Financing Receivable, Nonaccrual [Line Items]
With Allowance	$ 52,017
With No Allowance	61,300
Total	113,317
Multifamily and Commercial Mortgage
Financing Receivable, Nonaccrual [Line Items]
With Allowance	2,941
With No Allowance	6,727
Total	9,668
Commercial Real Estate
Financing Receivable, Nonaccrual [Line Items]
With Allowance	0
With No Allowance	14,952
Total	14,952
Commercial & Industrial - Non-RE
Financing Receivable, Nonaccrual [Line Items]
With Allowance	0
With No Allowance	0
Total	0
Auto & Consumer
Financing Receivable, Nonaccrual [Line Items]
With Allowance	62
With No Allowance	383
Total	445
Other
Financing Receivable, Nonaccrual [Line Items]
With Allowance	0
With No Allowance	372
Total	$ 372

LOANS & ALLOWANCE FOR CREDIT _6

LOANS & ALLOWANCE FOR CREDIT LOSSES - NONACCRUAL LOANS NARRATIVE (Details)	3 Months Ended		6 Months Ended	9 Months Ended
	Mar. 31, 2022USD ($)loan	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)	Mar. 31, 2022USD ($)loan	Mar. 31, 2021USD ($)	Jun. 30, 2021loan
Financing Receivable, Impaired [Line Items]
Deferral of payment obligation			$ 0
Nonaccrual
Financing Receivable, Impaired [Line Items]
Interest income recognized on accrual loans	$ 0	$ 0		$ 0	$ 0
Ratio of nonaccrual loans and leases considered TDRs	0.53%			0.53%		0.55%
Period over which borrowers can make timely payments after TDR considered non-performing (in months)				6 months
Nonaccrual | Single Family - Mortgage & Warehouse
Financing Receivable, Impaired [Line Items]
Ratio of nonaccrual loans and leases that are single family mortgage	81.67%			81.67%
Performing
Financing Receivable, Impaired [Line Items]
Number or TDRs classified as performing | loan	0			0		0

LOANS & ALLOWANCE FOR CREDIT _7

LOANS & ALLOWANCE FOR CREDIT LOSSES - UNPAID PRINCIPAL BALANCE FOR PERFORMING AND NONACCRUAL (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 13,246,258	$ 11,554,744
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,972,103	4,359,472
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,662,517	2,470,454
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,293,032	3,180,453
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,780,545	1,123,869
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	521,936	362,180
Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total	16,125	58,316
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	13,107,504	11,409,549
Performing | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,858,786	4,253,764
Performing | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,652,850	2,450,026
Performing | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,278,080	3,164,614
Performing | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,780,545	1,120,927
Performing | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	521,490	361,902
Performing | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total	15,753	58,316
Nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
Total	138,754	145,195
Nonaccrual | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	113,317	105,708
Nonaccrual | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	9,667	20,428
Nonaccrual | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	14,952	15,839
Nonaccrual | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0	2,942
Nonaccrual | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	446	278
Nonaccrual | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 372	$ 0

LOANS & ALLOWANCE FOR CREDIT _8

LOANS & ALLOWANCE FOR CREDIT LOSSES - LOANS BY AMORTIZED COST BASIS BY YEAR OF ORIGINATION AND CREDIT QUALITY INDICATOR (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
2022	$ 3,911,546
2021	2,465,941
2020	1,727,687
2019	1,063,497
2018	712,932
Prior	1,069,561
Revolving Loans	2,295,094
Total	$ 13,246,258	$ 11,554,744
As a % of total gross loans
2022	29.54%
2021	18.62%
2020	13.04%
2019	8.03%
2018	5.38%
Prior	8.07%
Revolving Loans	17.33%
Total	100.00%
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2022	$ 1,031,670
2021	637,494
2020	518,271
2019	361,663
2018	328,553
Prior	671,619
Revolving Loans	422,833
Total	3,972,103	4,359,472
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	622,539
2021	590,350
2020	501,950
2019	312,443
2018	250,090
Prior	385,145
Revolving Loans	0
Total	2,662,517	2,470,454
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,707,928
2021	1,070,879
2020	569,752
2019	331,791
2018	99,857
Prior	0
Revolving Loans	512,825
Total	4,293,032	3,180,453
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2022	272,392
2021	35,182
2020	86,410
2019	13,522
2018	13,451
Prior	152
Revolving Loans	1,359,436
Total	1,780,545	1,123,869
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2022	274,396
2021	121,783
2020	50,611
2019	44,078
2018	19,485
Prior	11,583
Revolving Loans	0
Total	521,936	362,180
Other
Financing Receivable, Credit Quality Indicator [Line Items]
2022	2,621
2021	10,253
2020	693
2019	0
2018	1,496
Prior	1,062
Revolving Loans	0
Total	16,125	$ 58,316
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2022	3,908,296
2021	2,458,480
2020	1,540,368
2019	998,687
2018	617,562
Prior	987,514
Revolving Loans	2,265,759
Total	12,776,666
Pass | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,031,670
2021	636,313
2020	477,841
2019	339,895
2018	308,360
Prior	609,187
Revolving Loans	422,833
Total	3,826,099
Pass | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	622,539
2021	584,536
2020	465,708
2019	302,877
2018	236,822
Prior	365,615
Revolving Loans	0
Total	2,578,097
Pass | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,707,928
2021	1,070,879
2020	469,277
2019	298,783
2018	39,156
Prior	0
Revolving Loans	511,527
Total	4,097,550
Pass | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2022	269,404
2021	35,182
2020	76,610
2019	13,316
2018	12,641
Prior	152
Revolving Loans	1,331,399
Total	1,738,704
Pass | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2022	274,134
2021	121,317
2020	50,315
2019	43,816
2018	19,404
Prior	11,532
Revolving Loans	0
Total	520,518
Pass | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2022	2,621
2021	10,253
2020	617
2019	0
2018	1,179
Prior	1,028
Revolving Loans	0
Total	15,698
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2022	49
2021	345
2020	19,331
2019	19,356
2018	21,966
Prior	14,571
Revolving Loans	28,037
Total	103,655
Special Mention | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	5,625
2019	2,515
2018	5,470
Prior	13,111
Revolving Loans	0
Total	26,721
Special Mention | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	1,462
2019	0
2018	667
Prior	1,391
Revolving Loans	0
Total	3,520
Special Mention | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	12,138
2019	16,628
2018	15,000
Prior	0
Revolving Loans	0
Total	43,766
Special Mention | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	0
2019	206
2018	810
Prior	0
Revolving Loans	28,037
Total	29,053
Special Mention | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2022	49
2021	345
2020	85
2019	7
2018	19
Prior	35
Revolving Loans	0
Total	540
Special Mention | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	21
2019	0
2018	0
Prior	34
Revolving Loans	0
Total	55
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2022	3,201
2021	7,116
2020	167,988
2019	45,454
2018	73,404
Prior	67,476
Revolving Loans	1,298
Total	365,937
Substandard | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	1,181
2020	34,805
2019	19,253
2018	14,723
Prior	49,321
Revolving Loans	0
Total	119,283
Substandard | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	5,814
2020	34,780
2019	9,566
2018	12,601
Prior	18,139
Revolving Loans	0
Total	80,900
Substandard | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	88,337
2019	16,380
2018	45,701
Prior	0
Revolving Loans	1,298
Total	151,716
Substandard | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2022	2,988
2021	0
2020	9,800
2019	0
2018	0
Prior	0
Revolving Loans	0
Total	12,788
Substandard | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2022	213
2021	121
2020	211
2019	255
2018	62
Prior	16
Revolving Loans	0
Total	878
Substandard | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	55
2019	0
2018	317
Prior	0
Revolving Loans	0
Total	372
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	0
2019	0
2018	0
Prior	0
Revolving Loans	0
Total	0
Doubtful | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	0
2019	0
2018	0
Prior	0
Revolving Loans	0
Total	0
Doubtful | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	0
2019	0
2018	0
Prior	0
Revolving Loans	0
Total	0
Doubtful | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	0
2019	0
2018	0
Prior	0
Revolving Loans	0
Total	0
Doubtful | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	0
2019	0
2018	0
Prior	0
Revolving Loans	0
Total	0
Doubtful | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	0
2019	0
2018	0
Prior	0
Revolving Loans	0
Total	0
Doubtful | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2022	0
2021	0
2020	0
2019	0
2018	0
Prior	0
Revolving Loans	0
Total	$ 0

LOANS & ALLOWANCE FOR CREDIT _9

LOANS & ALLOWANCE FOR CREDIT LOSSES - PAST DUE LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	$ 13,246,258	$ 11,554,744
Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	3,972,103	4,359,472
Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	2,662,517	2,470,454
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	4,293,032	3,180,453
Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	1,780,545	1,123,869
Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	521,936	362,180
Other
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	16,125	58,316
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	$ 31,945	$ 69,528
As a % of total gross loans	0.24%	0.60%
30-59 Days Past Due | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	$ 19,537	$ 24,150
30-59 Days Past Due | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	8,703	7,991
30-59 Days Past Due | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	0	36,786
30-59 Days Past Due | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	0	0
30-59 Days Past Due | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	3,558	601
30-59 Days Past Due | Other
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	147	0
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	$ 78,331	$ 48,674
As a % of total gross loans	0.59%	0.42%
60-89 Days Past Due | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	$ 8,579	$ 46,552
60-89 Days Past Due | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	10,254	1,816
60-89 Days Past Due | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	58,205	0
60-89 Days Past Due | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	80	0
60-89 Days Past Due | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	1,158	306
60-89 Days Past Due | Other
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	55	0
90+ Days Past Due
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	$ 115,676	$ 84,486
As a % of total gross loans	0.87%	0.73%
90+ Days Past Due | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	$ 110,099	$ 69,169
90+ Days Past Due | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	3,667	12,122
90+ Days Past Due | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	1,141	0
90+ Days Past Due | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	0	2,960
90+ Days Past Due | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	406	235
90+ Days Past Due | Other
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	363	0
Total
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	$ 225,952	$ 202,688
As a % of total gross loans	1.71%	1.75%
Total | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	$ 138,215	$ 139,871
Total | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	22,624	21,929
Total | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	59,346	36,786
Total | Commercial & Industrial - Non-RE
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	80	2,960
Total | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	5,122	1,142
Total | Other
Financing Receivable, Past Due [Line Items]
Total gross loans and leases	$ 565	$ 0

LOANS & ALLOWANCE FOR CREDIT_10

LOANS & ALLOWANCE FOR CREDIT LOSSES - ALLOWANCE FOR LOAN LOSS AND RESERVE FOR UNFUNDED LOAN COMMITMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Allowance for Credit Losses - Loans
Balance, beginning of period	$ 140,489	$ 136,393	$ 132,958	$ 132,958	$ 75,807
Provision for credit losses	4,500	2,700		12,500	22,500
Charge-offs	(1,892)	(1,405)		(3,248)	(8,553)
Recoveries	275	419		1,162	1,053
Balance, end of period	143,372	138,107	140,489	143,372	138,107
Unfunded Loan Commitment Liabilities
Balance, beginning of period	8,723	5,723	5,723	5,723	323
Provision for Credit Losses	1,000	0		4,000	(300)
Charge-offs	0	0		0	0
Recoveries	0	0		0	0
Balance, end of period	9,723	5,723	8,723	9,723	5,723
Total Allowance for Credit Losses
Balance, beginning of period	149,212	142,116	138,681	138,681	76,130
Provision for Credit Losses	5,500	2,700		16,500	22,200
Charge-offs	(1,892)	(1,405)		(3,248)	(8,553)
Recoveries	275	419		1,162	1,053
Balance, end of period	$ 153,095	$ 143,830	$ 149,212	$ 153,095	$ 143,830
Accounting Standards Update [Extensible List]			Accounting Standards Update 2016-13 [Member]		Accounting Standards Update 2016-13 [Member]
Effect of Adoption of ASC 326
Allowance for Credit Losses - Loans
Balance, beginning of period					$ 47,300
Unfunded Loan Commitment Liabilities
Balance, beginning of period					5,700
Total Allowance for Credit Losses
Balance, beginning of period					$ 53,000

SUBORNIDATED NOTES - NARRATIVE

SUBORNIDATED NOTES - NARRATIVE (Details) - Subordinated Notes $ in Millions	1 Months Ended
	Feb. 28, 2022USD ($)
Debt Instrument [Line Items]
Subordinated notes issued	$ 150
Percentage of principal amount redeemed	4.00%
Effective interest rate per annum (as a percentage)	4.00%
Basis points spread	2.27%

EQUITY AND STOCK-BASED COMPEN_3

EQUITY AND STOCK-BASED COMPENSATION - NARRATIVE (Details) - USD ($) $ in Thousands	Oct. 21, 2021	Mar. 31, 2022	Sep. 30, 2021	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Stock Award Compensation Expense
Number of additional shares authorized (in shares)	1,000,000
RSUs
Stock Award Compensation Expense
Restricted stock grants (in shares)			617,833		1,005,052
Vesting period for restricted stock grants					3 years	3 years
Stock award expense					$ 15,900	$ 15,800
Income tax benefit from stock award expense					4,600	4,700
Unrecognized compensation expense		$ 43,700			43,700
Total fair value of shares vested in the period		$ 9,725		$ 8,366	$ 24,559	$ 16,612
RSUs | Employees and Directors
Stock Award Compensation Expense
Restricted stock grants (in shares)					526,699	614,406
RSUs | Employees and Directors | Anniversary 1
Stock Award Compensation Expense
Vesting percentage for restricted stock grants					33.33%
RSUs | Employees and Directors | Anniversary 2
Stock Award Compensation Expense
Vesting percentage for restricted stock grants					33.33%
RSUs | Employees and Directors | Anniversary 3
Stock Award Compensation Expense
Vesting percentage for restricted stock grants					33.33%
RSUs | CEO
Stock Award Compensation Expense
Restricted stock grants (in shares)					478,353
RSUs | CEO | Anniversary 1
Stock Award Compensation Expense
Vesting percentage for restricted stock grants					25.00%
RSUs | CEO | Anniversary 2
Stock Award Compensation Expense
Vesting percentage for restricted stock grants					25.00%
RSUs | CEO | Anniversary 3
Stock Award Compensation Expense
Vesting percentage for restricted stock grants					25.00%
RSUs | CEO | Anniversary 4
Stock Award Compensation Expense
Vesting percentage for restricted stock grants					25.00%

EQUITY AND STOCK-BASED COMPEN_4

EQUITY AND STOCK-BASED COMPENSATION - UNRECOGNIZED COMPENSATION EXPENSE RELATED TO NON-VESTED AWARDS (Details) - RSUs $ in Thousands	Mar. 31, 2022USD ($)
Stock Award Compensation Expense
2022	$ 5,481
2023	18,443
2024	13,142
2025	5,253
2026	989
Thereafter	400
Total	$ 43,708

EQUITY AND STOCK-BASED COMPEN_5

EQUITY AND STOCK-BASED COMPENSATION - CHANGES IN RESTRICTED STOCK UNIT GRANTS (Details) - RSUs - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Mar. 31, 2022	Mar. 31, 2021
Restricted Stock Units
Non-vested balance, beginning (in shares)	1,220,470	1,220,470	1,445,540
Granted (in shares)	617,833	1,005,052
Vested (in shares)	(666,790)	(503,272)
Forfeited (in shares)	(176,113)	(123,406)
Non-vested balance, ending (in shares)		1,598,844
Weighted-Average Grant-Date Fair Value
Non-vested balance, beginning (in dollars per share)	$ 30.18	$ 30.18	$ 28.62
Granted (in dollars per share)	32.12	48.31
Vested (in dollars per share)	29.23	29.52
Forfeited (in dollars per share)	$ 27.42	35.58
Non-vested balance, ending (in dollars per share)		$ 41.41

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Common Share
Net income	$ 61,823	$ 53,645	$ 182,820	$ 161,452
Preferred stock dividends	0	0	0	(103)
Preferred stock redemption charge	0	0	0	(87)
Net income attributable to common stockholders	$ 61,823	$ 53,645	$ 182,820	$ 161,262
Average common shares outstanding (in shares)	59,542,128	59,118,884	59,476,488	59,225,409
Total qualifying shares (in shares)	59,542,128	59,118,884	59,476,488	59,225,409
Basic earnings per common share (in dollars per share)	$ 1.04	$ 0.91	$ 3.07	$ 2.72
Diluted Earnings Per Common Share
Net income attributable to common stockholders	$ 61,823	$ 53,645	$ 182,820	$ 161,262
Average common shares issued and outstanding (in shares)	59,542,128	59,118,884	59,476,488	59,225,409
Total dilutive common shares outstanding (in shares)	60,611,959	60,482,733	60,605,486	60,453,220
Diluted earnings per common share (in dollars per share)	$ 1.02	$ 0.89	$ 3.02	$ 2.67
RSUs
Diluted Earnings Per Common Share
Dilutive effect of average unvested RSUs (in shares)	1,069,831	1,363,849	1,128,998	1,227,811

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - SCHEDULE OF MATURITIES OF LEASE LIABILITIES (Details) $ in Thousands	Mar. 31, 2022USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2022	$ 2,498
2023	10,595
2024	10,287
2025	10,119
2026	9,791
Thereafter	38,821
Total lease payments	82,111
Less: amount representing interest	(8,668)
Total Lease Liability	$ 73,443

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - NARRATIVE (Details)	1 Months Ended
	Dec. 31, 2015claim	Mar. 31, 2022USD ($)claim	Aug. 10, 2017claim
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Investment commitment		$ 10,000,000
Loss contingency, new derivative actions filed | claim	2
Loss contingency, number of pending derivative actions | claim			6
Loss contingency, number of pending derivative actions to be consolidated | claim		4
Loan Origination Commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment		$ 2,820,300,000
Loan Origination Commitments | Sales commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, commitment		33,000,000
Loan Origination Commitments | Fixed Interest Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment		$ 160,100,000
Weighted average fixed interest rate on commitments to extend credit		5.19%
Loan Origination Commitments | Fixed Interest Rate | Sales commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, commitment		$ 33,000,000
Loan Origination Commitments | Variable Interest Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment		2,660,300,000
Loan Origination Commitments | Variable Interest Rate | Sales commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, commitment		$ 0

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)	Jun. 30, 2021USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment			2
Segment Reporting Information [Line Items]
Net interest income	$ 149,538	$ 135,669	$ 441,748	$ 397,088
Provision (benefit) for credit losses - loans	4,500	2,700	12,500	22,500
Non-interest income	28,774	23,887	86,263	88,460
Non-interest expense	86,819	80,807	257,269	232,650
Income before taxes	86,993	76,049	258,242	230,398
Goodwill	95,674		95,674		$ 71,222
Total Assets	16,080,950		16,080,950		14,265,565
Operating segments | Banking Business
Segment Reporting Information [Line Items]
Net interest income	147,828	135,096	432,328	390,268
Provision (benefit) for credit losses - loans	4,500	2,700	12,500	22,500
Non-interest income	15,741	16,201	46,864	68,708
Non-interest expense	65,076	64,040	190,250	187,733
Income before taxes	93,993	84,557	276,442	248,743
Goodwill	35,721		35,721		35,721
Total Assets	14,768,636		14,768,636		12,745,029
Operating segments | Securities Business
Segment Reporting Information [Line Items]
Net interest income	3,377	3,847	14,059	13,002
Provision (benefit) for credit losses - loans	0	0	0	0
Non-interest income	15,609	8,369	45,169	20,725
Non-interest expense	20,242	13,282	61,169	35,946
Income before taxes	(1,256)	(1,066)	(1,941)	(2,219)
Goodwill	59,953		59,953		35,501
Total Assets	1,246,997		1,246,997		1,450,512
Corporate/Eliminations
Segment Reporting Information [Line Items]
Net interest income	(1,667)	(3,274)	(4,639)	(6,182)
Provision (benefit) for credit losses - loans	0	0	0	0
Non-interest income	(2,576)	(683)	(5,770)	(973)
Non-interest expense	1,501	3,485	5,850	8,971
Income before taxes	(5,744)	$ (7,442)	(16,259)	$ (16,126)
Goodwill	0		0		0
Total Assets	$ 65,317		$ 65,317		$ 70,024