Axos Financial (AX) 10-Q 26 Jan 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Dec. 31, 2022	Jan. 20, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 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		60,000,709
Entity Central Index Key	0001299709
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
ASSETS
Cash and cash equivalents	$ 1,755,603	$ 1,202,587
Cash segregated for regulatory purposes	196,910	372,112
Total cash, cash equivalents, and cash segregated	1,952,513	1,574,699
Securities:
Trading	372	1,758
Available-for-sale	248,062	262,518
Stock of regulatory agencies	20,881	20,368
Loans held for sale, carried at fair value	4,292	4,973
Loans held for sale, lower of cost or fair value	455	10,938
Loans—net of allowance for credit losses of $157,218 as of December 31, 2022 and $148,617 as of June 30, 2022	15,473,212	14,091,061
Mortgage servicing rights, carried at fair value	25,526	25,213
Securities borrowed	58,846	338,980
Customer, broker-dealer and clearing receivables	272,579	417,417
Goodwill and other intangible assets—net	157,585	156,405
Other assets	526,712	496,835
TOTAL ASSETS	18,741,035	17,401,165
Deposits:
Non-interest bearing	3,442,148	5,033,970
Interest bearing	12,248,346	8,912,452
Total deposits	15,690,494	13,946,422
Advances from the Federal Home Loan Bank	100,000	117,500
Borrowings, subordinated notes and debentures	334,077	445,244
Securities loaned	156,008	474,400
Customer, broker-dealer and clearing payables	420,947	511,654
Accounts payable and other liabilities	251,950	262,972
Total liabilities	16,953,476	15,758,192
COMMITMENTS AND CONTINGENCIES (Note 8)
STOCKHOLDERS’ EQUITY:
Common stock—$0.01 par value; 150,000,000 shares authorized; 69,153,591 shares issued and 60,000,079 shares outstanding as of December 31, 2022; 68,859,722 shares issued and 59,777,949 shares outstanding as of June 30, 2022	692	689
Additional paid-in capital	465,350	453,784
Accumulated other comprehensive income (loss)—net of tax	(6,945)	(2,933)
Retained earnings	1,568,403	1,428,444
Treasury stock, at cost; 9,153,512 shares as of December 31, 2022 and 9,081,773 shares as of June 30, 2022	(239,941)	(237,011)
Total stockholders’ equity	1,787,559	1,642,973
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 18,741,035	$ 17,401,165

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
ASSETS
Allowance for loan and lease losses	$ 157,218	$ 148,617
STOCKHOLDERS’ EQUITY:
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)	69,153,591	68,859,722
Common stock, shares outstanding (in shares)	60,000,079	59,777,949
Treasury stock, at cost (in shares)	9,153,512	9,081,773

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
INTEREST AND DIVIDEND INCOME:
Loans, including fees	$ 255,661	$ 149,469	$ 463,999	$ 298,645
Securities borrowed and customer receivables	4,321	5,366	8,705	12,217
Investments	19,606	2,241	30,670	4,524
Total interest and dividend income	279,588	157,076	503,374	315,386
INTEREST EXPENSE:
Deposits	71,348	7,805	103,853	15,517
Advances from the Federal Home Loan Bank	2,504	973	7,667	1,989
Securities loaned	1,067	218	2,010	469
Other borrowings	4,759	2,512	9,459	5,201
Total interest expense	79,678	11,508	122,989	23,176
Net interest income	199,910	145,568	380,385	292,210
Provision for credit losses	3,500	4,000	12,250	8,000
Net interest income, after provision for credit losses	196,410	141,568	368,135	284,210
NON-INTEREST INCOME:
Broker-dealer fee income	9,812	6,332	18,990	12,794
Advisory fee income	6,983	8,035	13,942	13,339
Banking and service fees	10,143	8,486	16,657	15,166
Mortgage banking income	641	4,640	4,006	9,910
Prepayment penalty fee income	750	3,294	1,942	6,280
Total non-interest income	28,329	30,787	55,537	57,489
NON-INTEREST EXPENSE:
Salaries and related costs	49,720	39,979	96,716	80,716
Data processing	14,632	12,199	28,654	24,291
Depreciation and amortization	5,957	6,785	12,051	12,513
Advertising and promotional	10,899	3,402	17,269	6,774
Professional services	8,455	5,943	16,542	10,488
Occupancy and equipment	3,683	3,342	7,737	6,523
FDIC and regulatory fees	3,569	2,475	7,304	4,741
Broker-dealer clearing charges	3,739	3,678	6,568	7,683
General and administrative expense	6,874	8,216	30,774	16,721
Total non-interest expense	107,528	86,019	223,615	170,450
Income before taxes	117,211	86,336	200,057	171,249
INCOME TAXES	35,659	25,549	60,098	50,252
NET INCOME	81,552	60,787	139,959	120,997
COMPREHENSIVE INCOME	$ 80,377	$ 60,131	$ 135,947	$ 119,834
Basic earnings per common share (in dollars per share)	$ 1.36	$ 1.02	$ 2.34	$ 2.04
Diluted earnings per common share (in dollars per share)	$ 1.35	$ 1	$ 2.31	$ 1.99

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 81,552	$ 60,787	$ 139,959	$ 120,997
Net unrealized gain (loss) from available-for-sale securities, net of income tax expense (benefit) of $(1,215) and $(214) for the three months ended September 30, 2022 and 2021, respectively.	(1,175)	(656)	(4,012)	(1,163)
Other comprehensive income (loss)	(1,175)	(656)	(4,012)	(1,163)
Comprehensive income	$ 80,377	$ 60,131	$ 135,947	$ 119,834

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net unrealized gain (loss) from available-for-sale securities, tax expense (benefit)	$ 503	$ (274)	$ 1,718	$ (488)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss), Net of Income Tax
Common stock, issued and treasury, beginning balance (in shares) at Jun. 30, 2021		68,069,321
Common stock, treasury, beginning balance (in shares) at Jun. 30, 2021			8,751,377
Common stock, outstanding, beginning balance (in shares) at Jun. 30, 2021		59,317,944
Stockholder's equity, beginning balance at Jun. 30, 2021	$ 1,400,936	$ 681	$ (222,530)	$ 432,550	$ 1,187,728	$ 2,507
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	120,997				120,997
Other comprehensive income (loss)	(1,163)					(1,163)
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)		307,516
Share-based compensation expense and restricted stock unit vesting, treasury stock (in shares)			(126,885)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)		180,631
Stock-based compensation activity	2,387	$ 3	$ (6,127)	8,511
Common stock, issued and treasury, ending balance (in shares) at Dec. 31, 2021		68,376,837
Common stock, treasury, ending balance (in shares) at Dec. 31, 2021			8,878,262
Common stock, outstanding, ending balance (in shares) at Dec. 31, 2021		59,498,575
Stockholder's equity, ending balance at Dec. 31, 2021	1,523,157	$ 684	$ (228,657)	441,061	1,308,725	1,344
Common stock, issued and treasury, beginning balance (in shares) at Sep. 30, 2021		68,370,617
Common stock, treasury, beginning balance (in shares) at Sep. 30, 2021			8,875,984
Common stock, outstanding, beginning balance (in shares) at Sep. 30, 2021		59,494,633
Stockholder's equity, beginning balance at Sep. 30, 2021	1,458,621	$ 684	$ (228,529)	436,528	1,247,938	2,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	60,787				60,787
Other comprehensive income (loss)	(656)					(656)
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)		6,220
Share-based compensation expense and restricted stock unit vesting, treasury stock (in shares)			(2,278)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)		3,942
Stock-based compensation activity	4,405	$ 0	$ (128)	4,533
Common stock, issued and treasury, ending balance (in shares) at Dec. 31, 2021		68,376,837
Common stock, treasury, ending balance (in shares) at Dec. 31, 2021			8,878,262
Common stock, outstanding, ending balance (in shares) at Dec. 31, 2021		59,498,575
Stockholder's equity, ending balance at Dec. 31, 2021	$ 1,523,157	$ 684	$ (228,657)	441,061	1,308,725	1,344
Common stock, issued and treasury, beginning balance (in shares) at Jun. 30, 2022	68,859,722	68,859,722
Common stock, treasury, beginning balance (in shares) at Jun. 30, 2022	9,081,773		9,081,773
Common stock, outstanding, beginning balance (in shares) at Jun. 30, 2022	59,777,949	59,777,949
Stockholder's equity, beginning balance at Jun. 30, 2022	$ 1,642,973	$ 689	$ (237,011)	453,784	1,428,444	(2,933)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	139,959				139,959
Other comprehensive income (loss)	(4,012)					(4,012)
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)		293,869
Share-based compensation expense and restricted stock unit vesting, treasury stock (in shares)			(71,739)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)		222,130
Stock-based compensation activity	$ 8,639	$ 3	$ (2,930)	11,566
Common stock, issued and treasury, ending balance (in shares) at Dec. 31, 2022	69,153,591	69,153,591
Common stock, treasury, ending balance (in shares) at Dec. 31, 2022	9,153,512		9,153,512
Common stock, outstanding, ending balance (in shares) at Dec. 31, 2022	60,000,079	60,000,079
Stockholder's equity, ending balance at Dec. 31, 2022	$ 1,787,559	$ 692	$ (239,941)	465,350	1,568,403	(6,945)
Common stock, issued and treasury, beginning balance (in shares) at Sep. 30, 2022		69,151,152
Common stock, treasury, beginning balance (in shares) at Sep. 30, 2022			9,152,479
Common stock, outstanding, beginning balance (in shares) at Sep. 30, 2022		59,998,673
Stockholder's equity, beginning balance at Sep. 30, 2022	1,700,972	$ 692	$ (239,902)	459,101	1,486,851	(5,770)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	81,552				81,552
Other comprehensive income (loss)	(1,175)					(1,175)
Stock-based compensation expense and restricted stock unit vesting, issued (in shares)		2,439
Share-based compensation expense and restricted stock unit vesting, treasury stock (in shares)			(1,033)
Stock-based compensation expense and restricted stock unit vesting, outstanding (in shares)		1,406
Stock-based compensation activity	$ 6,210	$ 0	$ (39)	6,249
Common stock, issued and treasury, ending balance (in shares) at Dec. 31, 2022	69,153,591	69,153,591
Common stock, treasury, ending balance (in shares) at Dec. 31, 2022	9,153,512		9,153,512
Common stock, outstanding, ending balance (in shares) at Dec. 31, 2022	60,000,079	60,000,079
Stockholder's equity, ending balance at Dec. 31, 2022	$ 1,787,559	$ 692	$ (239,941)	$ 465,350	$ 1,568,403	$ (6,945)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 139,959	$ 120,997
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and accretion	12,580	14,287
Stock-based compensation expense	11,569	8,514
Trading activity	1,386	760
Provision for credit losses	12,250	8,000
Deferred income taxes	7,592	(1,468)
Origination of loans held for sale	(113,300)	(403,287)
Unrealized and realized gains on loans held for sale	(4,115)	(8,673)
Proceeds from sale of loans held for sale	117,252	410,918
Amortization and change in fair value of mortgage servicing rights	93	1,087
Net changes in assets and liabilities which provide (use) cash:
Securities borrowed	280,134	84,845
Customer, broker-dealer and clearing receivables	144,838	(1,702)
Other assets	(19,062)	(102,551)
Securities loaned	(318,392)	(150,226)
Customer, broker-dealer and clearing payables	(90,707)	(61,069)
Accounts payable and other liabilities	(5,001)	7,067
Net cash provided by (used in) operating activities	177,076	(72,501)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investment securities	0	(12,286)
Proceeds from sale and repayment of securities	9,111	129,351
Purchase of stock of regulatory agencies	(74,972)	(13,631)
Proceeds from redemption of stock of regulatory agencies	74,972	13,631
Origination of loans held for investment	(4,499,800)	(4,636,661)
Proceeds from sale of loans held for investment	13,965	36,943
Mortgage warehouse loans activity, net	136,545	18,511
Proceeds from sales of other real estate owned and repossessed assets	1,229	7,454
Acquisition of business activity, net of cash acquired	(5,531)	(54,761)
Purchases of loans and leases, net of discounts and premiums	(127)	(30,153)
Principal repayments on loans	2,947,186	3,413,366
Purchases of furniture, equipment, software and intangibles	(13,982)	(8,730)
Net cash used in investing activities	(1,411,404)	(1,136,966)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits	1,744,072	1,453,375
Payments of the Federal Home Loan Bank term advances	(17,500)	(10,000)
Net repayment of Federal Home Loan Bank other advances	0	(186,000)
Net proceeds (repayments) of other borrowings	(111,500)	38,800
Tax payments related to settlement of restricted stock units	(2,930)	(6,127)
Net cash provided by financing activities	1,612,142	1,290,048
NET CHANGE IN CASH AND CASH EQUIVALENTS	377,814	80,581
CASH AND CASH EQUIVALENTS—Beginning of year	1,574,699	1,037,777
CASH AND CASH EQUIVALENTS—End of period	1,952,513	1,118,358
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid on deposits and borrowed funds	121,878	23,429
Income taxes paid	73,129	57,763
Transfers to other real estate and repossessed vehicles	7,228	342
Transfers from loans held for investment to loans held for sale	0	36,943
Transfers from loans held for sale to loans held for investment	690	794
Operating lease liabilities for obtaining right of use assets	$ 0	$ 4,167

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 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 (“Axos Nevada Holding” and collectively, the “Company”). Axos Bank and its wholly owned subsidiary constitute the Banking Business segment and 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 three and six months ended December 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 not repeated herein 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, 2022 included in our Annual Report on Form 10-K filed with the SEC for the fiscal year ended June 30, 2022 (“2022 Form 10-K”). A reclassification of certain components of non-interest income for the three and six months ended December 31, 2021 has been made to conform to the current period presentation. This reclassification had no effect on the Company’s total non-interest income, net income, financial position or cash flows. Additional reclassifications of certain amounts in the Condensed Consolidated Statement of Cash Flows for the six months ended December 31, 2021 have been made to conform to the current period presentation. These reclassifications had no effect on the Company’s results of operations or financial position. Significant Accounting Policies Our significant accounting policies are described in greater detail in Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K. New Accounting Standards Accounting Standards Issued But Not Yet Adopted The Financial Accounting Standards Board has issued three Accounting Standards Updates (“ASUs”) (2020-04, 2021-04 and 2022-06) all of which provide guidance to alleviate the burden in accounting for reference rate reform by allowing certain expedients and exceptions in applying generally accepted accounting principles to contracts, hedging relationships, and other transactions impacted by reference rate reform. The provisions apply only to those transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued due to reference rate reform. Adoption of the provisions are optional and are effective from March 12, 2020 through December 31, 2024. The Company is evaluating the impact on the Company’s Consolidated Financial Statements, but it does not expect any application of the provisions of these ASUs to have a material impact. For a further discussion of new accounting standards issued but not yet adopted which are applicable to the Company see Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS From time to time the Company completes acquisitions and related corporate activities to supplement the organic growth and development of the business. 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 in total, all of which were recognized in the year ended June 30, 2022. 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 preliminary allocation of the $54.6 million purchase price consisted of $14.4 million of fair value of tangible assets acquired (which included $7.8 million of a right-of-use lease asset), $11.3 million of liabilities assumed (which included $7.8 million of a lease liability), $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 final acquisition fair value of tangible assets acquired was $14.2 million and the final acquisition fair value of liabilities acquired was $10.9 million. 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’s existing product offerings and leveraging customer relationships through registered investment advisors (“RIAs”). The following table summarizes the fair value and useful life of each intangible asset acquired as of the acquisition date: (Dollars 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 Total $ 27,060 The following table presents the results of operations of AAS for the six months ended December 31, 2021 on an unaudited pro forma basis, as if the acquisition of the entity rebranded to AAS had been consummated on July 1, 2020. The results of operations of AAS for the three months ended December 31, 2021 are reflected in the unaudited Condensed Consolidated Statements of Income. The unaudited pro forma financial information is provided for informational purposes only and is not necessarily indicative of what the Company’s results of operations would have been if the acquisition of EAS had occurred as of July 1, 2020, or the results of operations for any future periods. Additionally, the information presented does not reflect any synergies or other strategic benefits as a result of acquisition. Pro Forma Revenue (Dollars in thousands) For the Six Months Ended December 31, 2021 Non-interest income $ 17,230 It is not practical to disclose net income on a pro forma basis as the assets and liabilities acquired are a component of a business.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE The Company’s financial assets and liabilities measured at fair value on a recurring basis at December 31, 2022 and June 30, 2022 are classified in their entirety based on the lowest level of input significant to the fair value measurement. December 31, 2022 (Dollars in thousands) Significant Other Significant Total ASSETS: Securities—Trading: Municipal $ 372 $ — $ 372 Securities—Available-for-Sale: Agency MBS 1 22,796 — 22,796 Non-Agency MBS 2 — 175,123 175,123 Municipal 3,327 — 3,327 Asset-backed securities and structured notes 46,816 — 46,816 Total—Securities—Available-for-Sale $ 72,939 $ 175,123 $ 248,062 Loans Held for Sale $ 4,292 $ — $ 4,292 Mortgage servicing rights $ — $ 25,526 $ 25,526 Other assets—Derivative instruments $ — $ 136 $ 136 LIABILITIES: Other liabilities—Derivative instruments $ — $ 118 $ 118 June 30, 2022 (Dollars in thousands) Significant Other Significant Total ASSETS: Securities—Trading: Municipal $ 1,758 $ — $ 1,758 Securities—Available-for-Sale: Agency MBS 1 25,325 — 25,325 Non-Agency MBS 2 — 186,814 186,814 Municipal 3,248 — 3,248 Asset-backed securities and structured notes 47,131 — 47,131 Total—Securities—Available-for-Sale $ 75,704 $ 186,814 $ 262,518 Loans Held for Sale $ 4,973 $ — $ 4,973 Mortgage servicing rights $ — $ 25,213 $ 25,213 Other assets—Derivative instruments $ — $ 464 $ 464 LIABILITIES: Other liabilities—Derivative instruments $ — $ — $ — 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. Additional information is presented below about assets measured at fair value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value: For the Three Months Ended December 31, 2022 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency MBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening balance $ 184,012 $ 26,373 $ 535 $ 210,920 Total gains or losses for the period: Included in earnings—Mortgage banking income — (1,046) (517) (1,563) Included in other comprehensive income (2,143) — — (2,143) Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 199 — 199 Settlements (6,746) — — (6,746) Closing balance $ 175,123 $ 25,526 $ 18 $ 200,667 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (1,046) $ (517) $ (1,563) For the Six Months Ended December 31, 2022 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency RMBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening Balance $ 186,814 $ 25,213 $ 464 $ 212,491 Total gains or losses for the period: Included in earnings—Mortgage banking income — (93) (446) (539) Included in other comprehensive income (4,616) — — (4,616) Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 406 — 406 Settlements (7,075) — — (7,075) Closing balance $ 175,123 $ 25,526 $ 18 $ 200,667 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (93) $ (446) $ (539) 1 Earnings from mortgage servicing rights (“MSR”) were attributable to: Time and payoffs, representing a decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.1 million and $0.5 million for the three and six months ended December 31, 2022, respectively, and a decrease in MSR value resulting from market-driven changes in interest rates of $0.9 million for the three months ended December 31, 2022 and an increase of $0.4 million for the six months ended December 31, 2022. A dditions to mortgage servicing rights were retained upon sale of loans held for sale. For the Three Months Ended December 31, 2021 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency MBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening balance $ 59,851 $ 18,438 $ 2,226 $ 80,515 Total gains or losses for the period: Included in earnings—Mortgage banking income — 97 (849) (752) Included in other comprehensive income (527) — — (527) Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 1,575 — 1,575 Settlements (572) — — (572) Closing balance $ 58,752 $ 20,110 $ 1,377 $ 80,239 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 97 $ (849) $ (752) For the Six Months Ended December 31, 2021 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency RMBS Mortgage Servicing Rights 1 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 — (1,087) (828) (1,915) Included in other comprehensive income (639) — — (639) Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 3,286 — 3,286 Settlements (8,224) — — (8,224) Closing balance $ 58,752 $ 20,110 $ 1,377 $ 80,239 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (1,087) $ (828) $ (1,915) 1 Earnings from mortgage servicing rights were attributable to: Time and payoffs, representing a decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $1.3 million and $2.8 million for the three and six months ended December 31, 2021, respectively, and an increase in MSR value resulting from market-driven changes in interest rates of $1.4 million and $1.8 million for the three and six months ended December 31, 2021, respectively. Additions to mortgage servicing rights were retained upon sale of loans held for sale. The table below summarizes the quantitative information about level 3 fair value measurements as of the dates indicated: December 31, 2022 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Securities – Non-agency MBS $ 175,123 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 30.0% (21.9%) 0.0 to 6.1% (2.2%) 0.0 to 68.7% (27.4%) 2.6 to 7.1% (2.7%) Mortgage Servicing Rights $ 25,526 Discounted Cash Flow Projected Constant Prepayment Rate, 6.2 to 26.4% (11.5%) 0.7 to 12.2 (8.0) 9.5 to 11.5% (9.6%) Derivative Instruments $ 18 Sales Comparison Approach Projected Sales Profit of Underlying Loans -1.6 to 1.2% (0.1%) June 30, 2022 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Securities – Non-agency MBS $ 186,814 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 30.0% (21.4%) 0.0 to 7.9% (2.2%) 0.0 to 68.4% (26.7%) 2.7 to 9.3% (2.8%) Mortgage Servicing Rights $ 25,213 Discounted Cash Flow Projected Constant Prepayment Rate, 7.9 to 56.3% (11.0%) 1.2 to 9.9 (8.4) 9.5 to 11.5% (9.5%) Derivative Instruments $ 464 Sales Comparison Approach Projected Sales Profit of Underlying Loans -3.1 to 0.8% (-1.2%) 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, projected loss severity in the event of default and discount rate over LIBOR. 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: December 31, 2022 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Single family real estate $ — $ — $ 4,383 $ 4,383 Autos $ — $ — $ 1,421 $ 1,421 Total $ — $ — $ 5,804 $ 5,804 June 30, 2022 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Autos — — 798 798 Total $ — $ — $ 798 $ 798 Non-recurring fair value measurements for other real estate owned and repossessed vehicles represent charge-offs of $657 thousand and $37 thousand for the three months ended December 31, 2022 and December 31, 2021, respectively, and $964 thousand and $49 thousand for the six months ended December 31, 2022 and December 31, 2021, respectively. The Company has elected the fair value option for Agency loans held for sale. Given these loans are intended for sale, fair value is considered to be the best indicator of the amount to be realized from 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 December 31, 2022 and June 30, 2022. As of December 31, 2022 and June 30, 2022, the aggregate fair value of loans held for sale, carried at fair value, contractual balance (including accrued interest), and unrealized gain was as follows: (Dollars in thousands) December 31, 2022 June 30, 2022 Aggregate fair value $ 4,292 $ 4,973 Contractual balance 4,182 4,881 Unrealized gain $ 110 $ 92 Gains and losses from changes in fair value included in earnings for loans held for sale for the periods indicated below were: For the Three Months Ended For the Six Months Ended December 31, December 31, (Dollars in thousands) 2022 2021 2022 2021 Interest income $ 103 $ 194 $ 153 $ 394 Change in fair value (422) (1,021) (331) (978) Total $ (319) $ (827) $ (178) $ (584) The following table presents quantitative information about level 3 fair value measurements for other real estate owned and repossessed vehicles measured at fair value on a non-recurring basis at the periods indicated: December 31, 2022 (Dollars in thousands) Fair Value Valuation Technique(s) Unobservable Input Range (Weighted Average) 1 Other real estate owned and repossessed vehicles: Single family real estate $ 4,383 Sales comparison approach Adjustment for differences between the comparable sales 3.5 to 12.1% (4.1%) Autos $ 1,421 Sales comparison approach Adjustment for differences between the comparable sales -20.3 to -7.8% (-9.1%) June 30, 2022 (Dollars in thousands) Fair Value Valuation Technique(s) Unobservable Input Range (Weighted Average) 1 Other real estate owned and repossessed vehicles: Autos $ 798 Sales comparison approach Adjustment for differences between the comparable sales -17.2 to 4.6% (-7.5%) 1 For other real estate owned and repossessed vehicles 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 asset being valued having limited comparable sales with similar characteristics at the time the current appraisal is conducted. Fair Value of Financial Instruments Carrying amounts and estimated fair values of financial instruments at December 31, 2022 and June 30, 2022 were: December 31, 2022 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 1,952,513 $ 1,952,513 $ — $ — $ 1,952,513 Securities—trading 372 — 372 — 372 Securities—available-for-sale 248,062 — 72,939 175,123 248,062 Loans held for sale, at fair value 4,292 — 4,292 — 4,292 Loans held for sale, at lower of cost or fair value 455 — — 456 456 Loans held for investment—net 15,473,212 — — 15,171,361 15,171,361 Securities borrowed 58,846 — — 60,217 60,217 Customer, broker-dealer and clearing receivables 272,579 — — 281,165 281,165 Mortgage servicing rights 25,526 — — 25,526 25,526 Financial liabilities: Total deposits 15,690,494 — 14,334,437 — 14,334,437 Advances from the Federal Home Loan Bank 100,000 — 92,471 — 92,471 Borrowings, subordinated notes and debentures 334,077 — 297,252 — 297,252 Securities loaned 156,008 — — 156,039 156,039 Customer, broker-dealer and clearing payables 420,947 — — 420,946 420,946 June 30, 2022 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 1,574,699 $ 1,574,699 $ — $ — $ 1,574,699 Securities—trading 1,758 — 1,758 — 1,758 Securities—available-for-sale 262,518 — 75,704 186,814 262,518 Loans held for sale, at fair value 4,973 — 4,973 — 4,973 Loans held for sale, at lower of cost or fair value 10,938 — — 10,985 10,985 Loans held for investment—net 14,091,061 — — 14,015,157 14,015,157 Securities borrowed 338,980 — — 329,963 329,963 Customer, broker-dealer and clearing receivables 417,417 — — 414,383 414,383 Mortgage servicing rights 25,213 — — 25,213 25,213 Financial liabilities: Total deposits 13,946,422 — 12,812,512 — 12,812,512 Advances from the Federal Home Loan Bank 117,500 — 117,500 — 117,500 Borrowings, subordinated notes and debentures 445,244 — 416,947 — 416,947 Securities loaned 474,400 — — 473,831 473,831 Customer, broker-dealer and clearing payables 511,654 — — 471,859 471,859 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 the 2022 Form 10-K. The carrying amount of stock of regulatory agencies approximates the estimated fair value of these investments. The fair value of off-balance sheet items is not material.

SECURITIES

SECURITIES	6 Months Ended
	Dec. 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 December 31, 2022 and June 30, 2022 were: December 31, 2022 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): U.S. agencies 1 $ — $ 26,008 $ 1 $ (3,213) $ 22,796 Non-agency 2 — 180,541 750 (6,168) 175,123 Total mortgage-backed securities — 206,549 751 (9,381) 197,919 Non-MBS: Municipal 372 3,592 — (265) 3,327 Asset-backed securities and structured notes — 47,000 — (184) 46,816 Total Non-MBS 372 50,592 — (449) 50,143 Total debt securities $ 372 $ 257,141 $ 751 $ (9,830) $ 248,062 June 30, 2022 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): U.S. agencies 1 $ — $ 27,722 $ 9 $ (2,406) $ 25,325 Non-agency 2 — 187,616 1,832 (2,634) 186,814 Total mortgage-backed securities — 215,338 1,841 (5,040) 212,139 Non-MBS: Municipal 1,758 3,529 — (281) 3,248 Asset-backed securities and structured notes — 47,000 131 — 47,131 Total Non-MBS 1,758 50,529 131 (281) 50,379 Total debt securities $ 1,758 $ 265,867 $ 1,972 $ (5,321) $ 262,518 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. No credit losses were recognized on available-for-sale securities in the three and six months ended December 31, 2022 and December 30, 2021. No allowance for credit losses for available-for-sale debt securities was recorded at December 31, 2022 and June 30, 2022 based on an analysis of: (1) the credit characteristics of the securities, including the forecasted cash flows, credit ratings, credit enhancement, and any external government backing, and (2) whether the Company is intending to sell or is required to sell any securities before recovering the amortized cost basis of the securities. The Company’s non-agency MBS available-for-sale portfolio, with a total fair value of $175,123 at December 31, 2022, consists of 17 different issues of super senior securities. The face amounts of debt securities available-for-sale pledged to secure borrowings at December 31, 2022 and June 30, 2022 were $1.1 million and $1.2 million, respectively. Securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position were: December 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 $ 6,786 $ (470) $ 15,832 $ (2,743) $ 22,618 $ (3,213) Non-agency 126,507 (5,705) 4,399 (463) 130,906 (6,168) Total MBS 133,293 (6,175) 20,231 (3,206) 153,524 (9,381) Non-MBS: Municipal debt 3,327 (265) — — 3,327 (265) Asset-backed securities and structured notes 46,816 (184) — — 46,816 (184) Total Non-MBS 50,143 (449) — — 50,143 (449) Total debt securities $ 183,436 $ (6,624) $ 20,231 $ (3,206) $ 203,667 $ (9,830) June 30, 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 $ 16,446 $ (1,338) $ 8,097 $ (1,068) $ 24,543 $ (2,406) Non-agency 92,796 (2,204) 4,751 (430) 97,547 (2,634) Total MBS 109,242 (3,542) 12,848 (1,498) 122,090 (5,040) Non-MBS: Municipal debt 3,248 (281) — — 3,248 (281) Asset-backed securities and structured notes — — — — — — Total Non-MBS 3,248 (281) — — 3,248 (281) Total debt securities $ 112,490 $ (3,823) $ 12,848 $ (1,498) $ 125,338 $ (5,321) On December 31, 2022, there were nineteen securities in a continuous loss position for a period of more than 12 months, and thirty-five securities in a continuous loss position for a period of less than 12 months. At June 30, 2022, there were fourteen securities in a continuous loss position for a period of more than 12 months, and twenty-five securities in a continuous loss position for a period of less than 12 months. At December 31, 2022, one non-agency MBS with a total carrying amount of $1.4 million was determined to have cumulative credit losses of $0.8 million of which none was recognized in earnings during the three months ended December 31, 2022. During the six months ended December 31, 2022 the Company sold no available-for-sale securities. The components of the Company’s accumulated other comprehensive income (loss) are: (Dollars in thousands) December 31, June 30, Available-for-sale debt securities—net unrealized gains (losses) $ (9,079) $ (3,349) Available-for-sale debt securities—non-credit related losses (845) (845) Subtotal (9,924) (4,194) Tax benefit (expense) 2,979 1,261 Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss) $ (6,945) $ (2,933) The following table sets forth the expected maturity distribution of our mortgage-backed securities and the contractual maturity distribution of our Non-RMBS securities and the weighted-average yield for each range of maturities: At December 31, 2022 Total Amount Due Within One Year Due After One but within Five Years Due After Five but within Ten Years Due After Ten Years (Dollars in thousands) Amount Yield 1 Amount Yield 1 Amount Yield 1 Amount Yield 1 Amount Yield 1 Available-for-sale Mortgage-backed securities: Agency 2 $ 26,008 1.80 % $ 4,969 1.88 % $ 12,531 1.83 % $ 6,650 1.81 % $ 1,858 1.41 % Non-Agency 3 180,541 5.18 % 867 6.12 % 176,931 5.13 % 1,912 6.56 % 831 11.67 % Total Mortgage-Backed Securities $ 206,549 4.76 % $ 5,836 2.51 % $ 189,462 4.91 % $ 8,562 2.87 % $ 2,689 4.58 % Non-RMBS Municipal 3,592 3.57 % — — % — — % — — % 3,592 3.57 % Asset-backed securities and structured notes 47,000 9.16 % 41,249 9.16 % 5,751 9.16 % — — % — — % Total Non-RMBS $ 50,592 8.77 % $ 41,249 9.16 % $ 5,751 9.16 % $ — — % $ 3,592 3.57 % Available-for-sale—Amortized Cost $ 257,141 5.54 % $ 47,085 8.34 % $ 195,213 5.04 % $ 8,562 2.87 % $ 6,281 4.00 % Available-for-sale—Fair Value $ 248,062 5.56 % $ 46,358 8.34 % $ 188,044 5.04 % $ 7,674 2.87 % $ 5,986 4.00 % Total available-for-sale securities $ 248,062 5.56 % $ 46,358 8.34 % $ 188,044 5.04 % $ 7,674 2.87 % $ 5,986 4.00 % 1 Weighted-average yield is based on amortized cost of the securities. Residential mortgage-backed security yields and maturities include impact of expected prepayments and other timing factors such as interest rate forward curve. 2 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 3 Private sponsors of securities collateralized primarily by pools of 1-4 family residential first mo prime, Alt-A or pay-option ARM mortgages.

LOANS & ALLOWANCE FOR CREDIT LO

LOANS & ALLOWANCE FOR CREDIT LOSSES	6 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
LOANS & ALLOWANCE FOR CREDIT LOSSES	LOANS & ALLOWANCE FOR CREDIT LOSSES The composition of the loan portfolio was: (Dollars in thousands) December 31, 2022 June 30, 2022 Single Family - Mortgage & Warehouse $ 3,988,955 $ 3,988,462 Multifamily and Commercial Mortgage 3,050,128 2,877,680 Commercial Real Estate 5,762,049 4,781,044 Commercial & Industrial - Non-RE 2,208,945 2,028,128 Auto & Consumer 632,183 567,228 Other 7,234 11,134 Total gross loans and leases 15,649,494 14,253,676 Allowance for credit losses - loans (157,218) (148,617) Unaccreted premiums (discounts) and loan and lease fees (19,064) (13,998) Total net loans and leases $ 15,473,212 $ 14,091,061 Activity in the allowance for credit losses by portfolio classes for the periods was: For the Three Months Ended December 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 October 1, 2022 $ 18,039 $ 14,649 $ 73,776 $ 34,383 $ 14,595 $ 30 $ 155,472 Provision (benefit) for credit losses - loans 1,878 808 (1,608) 1,655 776 (9) 3,500 Charge-offs (294) — — — (1,871) — (2,165) Recoveries 8 — — — 403 — 411 Balance at December 31, 2022 $ 19,631 $ 15,457 $ 72,168 $ 36,038 $ 13,903 $ 21 $ 157,218 For the Three Months Ended December 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 October 1, 2021 $ 25,329 $ 13,359 $ 65,223 $ 22,519 $ 10,007 $ 341 $ 136,778 Provision (benefit) for credit losses - loans 182 269 2,358 170 1,299 (278) 4,000 Charge-offs — — — — (640) — (640) Recoveries 69 — — 27 255 — 351 Balance at December 31, 2021 $ 25,580 $ 13,628 $ 67,581 $ 22,716 $ 10,921 $ 63 $ 140,489 For the Six Months Ended December 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, 2022 $ 19,670 $ 14,655 $ 69,339 $ 30,808 $ 14,114 $ 31 $ 148,617 Provision (benefit) for credit losses - loans 236 802 2,829 5,212 3,181 (10) 12,250 Charge-offs (298) — — — (4,233) — (4,531) Recoveries 23 — — 18 841 — 882 Balance at December 31, 2022 $ 19,631 $ 15,457 $ 72,168 $ 36,038 $ 13,903 $ 21 $ 157,218 For the Six Months Ended December 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, 2021 $ 26,604 $ 13,146 $ 57,928 $ 28,460 $ 6,519 $ 301 $ 132,958 Provision (benefit) for credit losses - loans (1,169) 305 9,653 (5,476) 4,925 (238) 8,000 Charge-offs — — — (322) (1,034) — (1,356) Recoveries 145 177 — 54 511 — 887 Balance at December 31, 2021 $ 25,580 $ 13,628 $ 67,581 $ 22,716 $ 10,921 $ 63 $ 140,489 Credit Quality Disclosures. Nonaccrual loans consisted of the following as of the dates indicated: (Dollars in thousands) As of December 31, 2022 Single Family - Mortgage & Warehouse $ 39,043 Multifamily and Commercial Mortgage 35,275 Commercial Real Estate 14,852 Commercial & Industrial - Non-RE 2,989 Auto & Consumer 1,447 Other 1,382 Total nonaccrual loans $ 94,988 Nonaccrual loans to total loans 0.61 % (Dollars in thousands) As of June 30, 2022 Single Family - Mortgage & Warehouse $ 66,424 Multifamily and Commercial Mortgage 33,410 Commercial Real Estate 14,852 Commercial & Industrial - Non-RE 2,989 Auto & Consumer 439 Other 80 Total nonaccrual loans $ 118,194 Nonaccrual loans to total loans 0.83 % No interest income was recognized on nonaccrual loans in the three and six months ended December 31, 2022 and three and six months ended December 31, 2021. There were no nonaccrual loans without an allowance for credit losses as of December 31, 2022 and June 30, 2022. Approximately 1.39% of our nonaccrual loans at December 31, 2022 were considered troubled debt restructurings (“TDRs”), compared to 1.18% at June 30, 2022. 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. Approximatel y 41.10% of the Company’s nonaccrual loans are single family first mortgages as of December 31, 2022. The outstanding unpaid balance of loans that are either performing or nonaccrual by portfolio class was: December 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 $ 3,949,912 $ 3,014,853 $ 5,747,197 $ 2,205,956 $ 630,736 $ 5,852 $ 15,554,506 Nonaccrual 39,043 35,275 14,852 2,989 1,447 1,382 94,988 Total $ 3,988,955 $ 3,050,128 $ 5,762,049 $ 2,208,945 $ 632,183 $ 7,234 $ 15,649,494 June 30, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 3,922,038 $ 2,844,270 $ 4,766,192 $ 2,025,139 $ 566,789 $ 11,054 $ 14,135,482 Nonaccrual 66,424 33,410 14,852 2,989 439 80 118,194 Total $ 3,988,462 $ 2,877,680 $ 4,781,044 $ 2,028,128 $ 567,228 $ 11,134 $ 14,253,676 From time to time the Company modifies loan terms temporarily for borrowers who are experiencing financial stress. These loans are performing and accruing and generally return to the original loan terms after the modification term expires. The Company had no TDRs classified as performing loans at December 31, 2022 or June 30, 2022. Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends. The Company analyzes loans individually by classifying the loans based on credit risk. The Company uses the following definitions for risk ratings. Pass. Loans classified as pass are well protected by the current net worth and paying capacity of the obligor or by the fair value of any underlying collateral, less cost to acquire and sell in a timely manner. Special Mention . Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard . Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful . Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The Company reviews and grades loans following a continuous review process, featuring coverage of all loan types and business lines at least quarterly. Continuous reviewing provides more effective risk monitoring because it immediately tests for potential impacts caused by changes in personnel, policy, products or underwriting standards. The amortized cost basis of the Company’s loans by fiscal year of origination and credit quality indicator are: December 31, 2022 Loans Held for Investment Origination Year Revolving Loans Total (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Single Family-Mortgage & Warehouse Pass $ 464,448 $ 1,386,160 $ 555,289 $ 363,250 $ 264,688 $ 718,860 $ 143,354 $ 3,896,049 Special Mention — 4,104 956 11,610 14,042 21,554 663 52,929 Substandard — 549 1,005 3,975 5,335 29,113 — 39,977 Doubtful — — — — — — — — Total 464,448 1,390,813 557,250 378,835 284,065 769,527 144,017 3,988,955 Multifamily and Commercial Mortgage Pass 357,936 982,288 519,340 395,827 238,903 454,957 — 2,949,251 Special Mention — 9,704 5,935 1,973 3,259 — — 20,871 Substandard — 3,145 5,737 31,458 7,450 32,216 — 80,006 Doubtful — — — — — — — — Total 357,936 995,137 531,012 429,258 249,612 487,173 — 3,050,128 Commercial Real Estate Pass 901,296 2,669,607 844,296 179,916 118,000 4,000 885,282 5,602,397 Special Mention — — 31,573 10,818 950 15,000 — 58,341 Substandard — 17,950 51,724 — 15,487 14,852 1,298 101,311 Doubtful — — — — — — — — Total 901,296 2,687,557 927,593 190,734 134,437 33,852 886,580 5,762,049 Commercial & Industrial - Non-RE Pass 149,777 373,451 34,549 17,809 3,879 504 1,609,675 2,189,644 Special Mention — 8,474 — — — — — 8,474 Substandard — 2,989 — 7,838 — — — 10,827 Doubtful — — — — — — — — Total 149,777 384,914 34,549 25,647 3,879 504 1,609,675 2,208,945 Auto & Consumer Pass 162,687 303,542 86,643 32,849 27,563 16,124 — 629,408 Special Mention 27 695 289 43 18 64 — 1,136 Substandard 90 841 307 154 226 21 — 1,639 Doubtful — — — — — — — — Total 162,804 305,078 87,239 33,046 27,807 16,209 — 632,183 Other Pass 513 2,000 1,669 — — 1,402 — 5,584 Special Mention — — 268 — — — — 268 Substandard — — 1,205 — — 177 — 1,382 Doubtful — — — — — — — — Total 513 2,000 3,142 — — 1,579 — 7,234 Total Pass 2,036,657 5,717,048 2,041,786 989,651 653,033 1,195,847 2,638,311 15,272,333 Special Mention 27 22,977 39,021 24,444 18,269 36,618 663 142,019 Substandard 90 25,474 59,978 43,425 28,498 76,379 1,298 235,142 Doubtful — — — — — — — — Total $2,036,774 $5,765,499 $2,140,785 $1,057,520 $699,800 $1,308,844 $2,640,272 $15,649,494 As a % of total gross loans 13.02% 36.84% 13.68% 6.76% 4.47% 8.36% 16.87% 100.0% June 30, 2022 Loans Held for Investment Origination Year Revolving Loans Total (Dollars in thousands) 2022 2021 2020 2019 2018 Prior Single Family-Mortgage & Warehouse Pass $ 1,484,027 $ 600,054 $ 402,712 $ 303,999 $ 279,248 $ 548,703 $ 241,925 $ 3,860,668 Special Mention — — 4,790 2,505 4,125 10,971 38,637 61,028 Substandard — 2,288 3,928 18,407 5,955 36,188 — 66,766 Doubtful — — — — — — — — Total 1,484,027 602,342 411,430 324,911 289,328 595,862 280,562 3,988,462 Multifamily and Commercial Mortgage Pass 999,819 569,486 429,247 259,161 219,548 316,013 — 2,793,274 Special Mention 1,200 — 534 539 — 968 — 3,241 Substandard — 5,772 34,343 9,613 7,308 24,129 — 81,165 Doubtful — — — — — — — — Total 1,001,019 575,258 464,124 269,313 226,856 341,110 — 2,877,680 Commercial Real Estate Pass 2,482,366 990,887 358,422 186,800 28,758 — 602,412 4,649,645 Special Mention — 32,351 12,138 16,487 15,000 — — 75,976 Substandard — — 12,575 18,043 23,507 — 1,298 55,423 Doubtful — — — — — — — — Total 2,482,366 1,023,238 383,135 221,330 67,265 — 603,710 4,781,044 Commercial & Industrial - Non-RE Pass 435,228 66,226 25,629 61,932 9,268 — 1,388,435 1,986,718 Special Mention 13 — — 186 710 — — 909 Substandard 2,988 28,359 9,154 — — — — 40,501 Doubtful — — — — — — — — Total 438,229 94,585 34,783 62,118 9,978 — 1,388,435 2,028,128 Auto & Consumer Pass 352,468 107,882 43,377 37,008 16,147 8,891 — 565,773 Special Mention 204 188 24 110 — 1 — 527 Substandard 157 311 224 205 25 6 — 928 Doubtful — — — — — — — — Total 352,829 108,381 43,625 37,323 16,172 8,898 — 567,228 Other Pass 3,057 6,185 — — 1,091 721 — 11,054 Special Mention — — — — — — — — Substandard — — 46 — — 34 — 80 Doubtful — — — — — — — — Total 3,057 6,185 46 — 1,091 755 — 11,134 Total Pass 5,756,965 2,340,720 1,259,387 848,900 554,060 874,328 2,232,772 13,867,132 Special Mention 1,417 32,539 17,486 19,827 19,835 11,940 38,637 141,681 Substandard 3,145 36,730 60,270 46,268 36,795 60,357 1,298 244,863 Doubtful — — — — — — — — Total $ 5,761,527 $ 2,409,989 $ 1,337,143 $ 914,995 $ 610,690 $ 946,625 $ 2,272,707 $ 14,253,676 As a % of total gross loans 40.42% 16.91% 9.38% 6.42% 4.28% 6.64% 15.95% 100.0% The Company considers the performance of the loan portfolio and its impact on the allowance for credit losses and evaluates credit quality based on the aging status of its loans. Certain short-term loans do not have a fixed maturity date and are treated as delinquent if not paid in full 90 days after the origination date. The outstanding unpaid balance of loans past due 30 days or more by portfolio class are: December 31, 2022 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Single Family-Mortgage & Warehouse $ 20,731 $ 9,432 $ 37,421 $ 67,584 Multifamily and Commercial Mortgage 4,860 8,229 29,548 42,637 Commercial Real Estate — — 14,852 14,852 Auto & Consumer 5,353 1,278 821 7,452 Other 2,000 1,017 177 3,194 Total $ 32,944 $ 19,956 $ 82,819 $ 135,719 As a % of total gross loans 0.21 % 0.13 % 0.53 % 0.87 % June 30, 2022 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Single Family-Mortgage & Warehouse $ 5,167 $ 1,518 $ 63,286 $ 69,971 Multifamily and Commercial Mortgage 9,455 2,115 26,556 38,126 Commercial Real Estate — 14,852 — 14,852 Auto & Consumer 4,865 1,009 466 6,340 Other 413 — 193 606 Total $ 19,900 $ 19,494 $ 90,501 $ 129,895 As a % of total gross loans 0.14 % 0.14 % 0.63 % 0.91 % Loans reaching 90+ days past due are placed on non-accrual as required under Company policy. No loans 90+ days past due were still accruing interest as of December 31, 2022 and June 30, 2022 . Loans in process of foreclosure were $23.6 million and $20.7 million as of December 31, 2022 and June 30, 2022, respectively. Unfunded Loan Commitment Reserves Unfunded loan commitment reserves are included in “Accounts payable and other liabilities” in the unaudited Condensed Consolidated Balance Sheets. Provisions for the unfunded loan commitments are included in the unaudited Condensed Consolidated Statements of Income in “General and administrative expenses”. The following tables present a summary of the activity in the unfunded loan commitment reserves for the periods indicated: Three Months Ended December 31, (Dollars in thousands) 2022 2021 BALANCE—beginning October 1 $ 10,973 $ 7,723 Provision (benefit) (499) 1,000 BALANCE—end December 31 $ 10,474 $ 8,723 Six Months Ended December 31, (Dollars in thousands) 2022 2021 BALANCE—beginning July 1 $ 10,973 $ 5,723 Provision (benefit) (499) 3,000 BALANCE—end December 31 $ 10,474 $ 8,723

EQUITY AND STOCK-BASED COMPENSA

EQUITY AND STOCK-BASED COMPENSATION	6 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
EQUITY AND STOCK-BASED COMPENSATION	EQUITY AND STOCK-BASED COMPENSATION The Company has an equity incentive plan, the Amended and Restated 2014 Stock Incentive Plan (the “2014 Plan”), which provides for the granting of non-qualified and incentive stock options, restricted stock and restricted stock units, stock appreciation rights and other awards to employees, directors and consultants. The Plan is designed to encourage selected employees and directors to improve operations and increase profits, and to accept or continue employment or association with the Company through participation in the growth in the value of the Company’s common stock. The Company also has an employment agreement with its Chief Executive Officer that authorizes an award of restricted stock units (the “RSU award”). For additional information regarding the Company’s stock-based compensation plans, see Note 16 — “Stock-based Compensation” contained in the 2022 Form 10-K. At December 31, 2022, 1,650,944 shares of common stock remained available for issuance pursuant to grant awards under the 2014 Plan and unrecognized compensation expense related to non-vested awards aggregated to $42.4 million and is expected to be recognized in future periods as follows: (Dollars in thousands) Stock Award For the fiscal year remainder: Remainder of fiscal year 2023 $ 11,973 2024 18,856 2025 9,293 2026 1,926 2027 400 Total $ 42,448 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, 2022 1,350,763 $ 41.16 Granted 407,632 39.03 Vested (293,869) 31.89 Forfeited (39,444) 40.88 Non-vested balance at December 31, 2022 1,425,082 $ 42.47 The total fair value of shares vested for the three and six months ended December 31, 2022 was $0.1 million and $12.1 million, respectively. The total fair value of shares vested for the three and six months ended December 31, 2021 was $0.3 million and $14.8 million, respectively. The weighted-average remaining time period until vesting for restricted stock units as of December 31, 2022 was 1.2 years.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	6 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The following table presents the calculation of basic and diluted EPS: Three Months Ended Six Months Ended December 31, December 31, (Dollars in thousands, except per share data) 2022 2021 2022 2021 Earnings Per Common Share Net income $ 81,552 $ 60,787 $ 139,959 $ 120,997 Average common shares issued and outstanding 59,999,573 59,496,489 59,927,078 59,443,667 Earnings per common share $ 1.36 $ 1.02 $ 2.34 $ 2.04 Diluted Earnings Per Common Share Net income $ 81,552 $ 60,787 $ 139,959 $ 120,997 Average common shares issued and outstanding 59,999,573 59,496,489 59,927,078 59,443,667 Dilutive effect of average unvested RSUs 515,062 1,259,492 613,275 1,305,716 Total dilutive common shares outstanding 60,514,635 60,755,981 60,540,353 60,749,383 Diluted earnings per common share $ 1.35 $ 1.00 $ 2.31 $ 1.99

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES 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 December 31, 2022 in the corresponding fiscal years: (Dollars in thousands) Remainder of fiscal year 2023 $ 5,450 2024 10,976 2025 11,143 2026 10,811 2027 10,870 Thereafter 29,177 Total lease payments 78,427 Less: amount representing interest (7,569) Total Lease Liability $ 70,858 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 December 31, 2022, the Company had commitments to originate $93.3 million in fixed rate loans and $2,956.4 million in variable rate loans, totaling an aggregate principal balance of $3,049.6 million. At December 31, 2022, the Company’s fixed rate commitments to originate had a weighted-average rate of 9.45%. At December 31, 2022, the Company also had commitments to sell $4.6 million in fixed rate loans and no variable rate loans, totaling an aggregate principal balance of $4.6 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. 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 Chief Financial Officer were named defendants in a putative class action lawsuit, Golden v. BofI Holding, Inc., et al , and brought in United States District Court for the Southern District of California (the “Golden Case”). On November 3, 2015, the Company, its Chief Executive Officer and its Chief Financial Officer were named defendants in a second putative class action lawsuit, 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 “HMEPS 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 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. On June 8, 2022, the court granted preliminary approval of the settlement and scheduled a hearing with respect to final approval of the settlement for October 7, 2022. On October 14, 2022, the District Court entered an order granting final approval of such settlement. The settlement was reached because the parties were able to negotiate terms within available insurance coverage and reach a stipulation that specifically provides that (i) all amounts due in connection with the settlement be paid exclusively by the insurers and that defendants have no direct liability in connection therewith, (ii) no wrongdoing be attributed to Axos, its management or its directors, (iii) the settlement is not to be construed as conceding or evidencing the truth or validity of any claim or allegation made by plaintiffs, and (iv) the defendants shall be deemed to have agreed, or otherwise be required, to modify, amend or restate any business practices, policies, procedures, regulatory filings or financial records, as a result thereof. In addition to the HMEPS Class Action, 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 six above-referenced derivative actions pending before it to be consolidated and appointed lead counsel in the consolidated action. The matter has been stayed until pending post-trial motions in the Employment Matter are resolved.The two derivative actions pending before the San Diego County Superior Court have been consolidated and have been stayed by agreement of the parties. On October 26, 2022, a jury verdict was reached in the case of MUFG Union Bank, N.A. v. Axos Bank, et al , awarding damages to Union Bank. Such verdict has yet to be reduced to judgment. On November 28, 2022, the Company filed a post-trial motion requesting, among other relief, that the court set aside the verdict and direct a verdict for defendants. The Company continues to believe that the evidence supports the defendants’ understanding of the facts and that meritorious defenses exist to substantially all claims made by Union Bank. In addition, the Company believes that there exist substantial grounds for post-verdict relief and appeal. The Company recorded a $16 million accrued expense in accounts payable and other liabilities on the condensed consolidated balance sheets and in general and administrative expense on the condensed consolidated statements of income as of and for the six months ended December 31, 2022, respectively.

SEGMENT REPORTING AND REVENUE I

SEGMENT REPORTING AND REVENUE INFORMATION	6 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
SEGMENT REPORTING AND REVENUE INFORMATION	SEGMENT REPORTING AND REVENUE INFORMATION Segment Reporting. The operating segments reported below are the segments of the Company for which separate financial information is available and for which segment results are evaluated regularly by the Chief Executive Officer in deciding how to allocate resources and in assessing performance. The operating segments and segment results of the Company are determined based upon the management reporting system, which assigns balance sheet and income statement items to each of the business segments and by which segment results are evaluated by the Chief Executive Officer in deciding how to allocate resources and in assessing performance. The Company evaluates performance and allocates resources based on pre-tax profit or loss from operations. Certain corporate administration costs and income taxes have not been allocated to the reportable segments. The Company operates through two operating segments: Banking Business and Securities Business. Inter-segment transactions are eliminated in consolidation and primarily include non-interest income earned by the Securities Business segment and non-interest expense incurred by the Banking Business segment for cash sorting fees related to deposits sourced from Securities Business segment customers, as well as interest expense paid by the Banking Business segment to each of the wholly-owned subsidiaries of the Company and to the Company itself for their operating cash held on deposit with the Business Banking segment. 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 December 31, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 198,545 $ 4,876 $ (3,511) $ 199,910 Provision for credit losses 3,500 — — 3,500 Non-interest income 10,557 36,004 (18,232) 28,329 Non-interest expense 96,284 25,271 (14,027) 107,528 Income before taxes $ 109,318 $ 15,609 $ (7,716) $ 117,211 For the Three Months Ended December 31, 2021 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 142,259 $ 4,506 $ (1,197) $ 145,568 Provision for credit losses 4,000 — — 4,000 Non-interest income 16,295 16,454 (1,962) 30,787 Non-interest expense 62,449 21,654 1,916 86,019 Income before taxes $ 92,105 $ (694) $ (5,075) $ 86,336 For the Six Months Ended December 31, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 378,275 $ 9,151 $ (7,041) $ 380,385 Provision for credit losses 12,250 — — 12,250 Non-interest income 21,269 65,169 (30,901) 55,537 Non-interest expense 197,080 49,786 (23,251) 223,615 Income before taxes $ 190,214 $ 24,534 $ (14,691) $ 200,057 For the Six Months Ended December 31, 2021 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 284,500 $ 10,682 $ (2,972) $ 292,210 Provision for credit losses 8,000 — — 8,000 Non-interest income 31,123 29,560 (3,194) 57,489 Non-interest expense 125,174 40,927 4,349 170,450 Income before taxes $ 182,449 $ (685) $ (10,515) $ 171,249 As of December 31, 2022 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 61,952 $ — $ 97,673 Total Assets $ 17,893,083 $ 805,243 $ 42,709 $ 18,741,035 As of June 30, 2022 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 59,953 $ — $ 95,674 Total Assets $ 16,002,714 $ 1,328,558 $ 69,893 $ 17,401,165 Revenue Information. The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606 for the periods indicated. For further information of the Company’s recognition of revenue and Topic 606 see Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K. For the Three Months Ended For the Six Months Ended December 31, December 31, (Dollars in thousands) 2022 2021 2022 2021 Advisory fee income $ 6,983 $ 8,035 $ 13,942 $ 13,339 Broker-dealer clearing fees 4,425 5,343 9,658 11,013 Deposit service fees 2,202 2,406 3,308 3,032 Card fees 2,144 957 2,933 1,964 Bankruptcy trustee and fiduciary service fees 2,167 1,068 2,940 1,848 Non-interest income (in-scope Topic 606) 17,921 17,809 32,781 31,196 Non-interest income (out-of-scope Topic 606) 10,408 12,978 22,756 26,293 Total non-interest income $ 28,329 $ 30,787 $ 55,537 $ 57,489

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 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 (“Axos Nevada Holding” and collectively, the “Company”). Axos Bank and its wholly owned subsidiary constitute the Banking Business segment and 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 three and six months ended December 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 not repeated herein 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, 2022 included in our Annual Report on Form 10-K filed with the SEC for the fiscal year ended June 30, 2022 (“2022 Form 10-K”). A reclassification of certain components of non-interest income for the three and six months ended December 31, 2021 has been made to conform to the current period presentation. This reclassification had no effect on the Company’s total non-interest income, net income, financial position or cash flows. Additional reclassifications of certain amounts in the Condensed Consolidated Statement of Cash Flows for the six months ended December 31, 2021 have been made to conform to the current period presentation. These reclassifications had no effect on the Company’s results of operations or financial position.
New Accounting Standards	Significant Accounting Policies Our significant accounting policies are described in greater detail in Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K. New Accounting Standards Accounting Standards Issued But Not Yet Adopted The Financial Accounting Standards Board has issued three Accounting Standards Updates (“ASUs”) (2020-04, 2021-04 and 2022-06) all of which provide guidance to alleviate the burden in accounting for reference rate reform by allowing certain expedients and exceptions in applying generally accepted accounting principles to contracts, hedging relationships, and other transactions impacted by reference rate reform. The provisions apply only to those transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued due to reference rate reform. Adoption of the provisions are optional and are effective from March 12, 2020 through December 31, 2024. The Company is evaluating the impact on the Company’s Consolidated Financial Statements, but it does not expect any application of the provisions of these ASUs to have a material impact. For a further discussion of new accounting standards issued but not yet adopted which are applicable to the Company see Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K.
Credit Quality Indicators	Credit Quality Indicators The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends. The Company analyzes loans individually by classifying the loans based on credit risk. The Company uses the following definitions for risk ratings. Pass. Loans classified as pass are well protected by the current net worth and paying capacity of the obligor or by the fair value of any underlying collateral, less cost to acquire and sell in a timely manner. Special Mention . Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard . Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful . Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The Company reviews and grades loans following a continuous review process, featuring coverage of all loan types and business lines at least quarterly. Continuous reviewing provides more effective risk monitoring because it immediately tests for potential impacts caused by changes in personnel, policy, products or underwriting standards.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Dec. 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: (Dollars 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 Total $ 27,060
Schedule Of Business Acquisition, Pro Forma Information	The following table presents the results of operations of AAS for the six months ended December 31, 2021 on an unaudited pro forma basis, as if the acquisition of the entity rebranded to AAS had been consummated on July 1, 2020. The results of operations of AAS for the three months ended December 31, 2021 are reflected in the unaudited Condensed Consolidated Statements of Income. The unaudited pro forma financial information is provided for informational purposes only and is not necessarily indicative of what the Company’s results of operations would have been if the acquisition of EAS had occurred as of July 1, 2020, or the results of operations for any future periods. Additionally, the information presented does not reflect any synergies or other strategic benefits as a result of acquisition. Pro Forma Revenue (Dollars in thousands) For the Six Months Ended December 31, 2021 Non-interest income $ 17,230

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The Company’s financial assets and liabilities measured at fair value on a recurring basis at December 31, 2022 and June 30, 2022 are classified in their entirety based on the lowest level of input significant to the fair value measurement. December 31, 2022 (Dollars in thousands) Significant Other Significant Total ASSETS: Securities—Trading: Municipal $ 372 $ — $ 372 Securities—Available-for-Sale: Agency MBS 1 22,796 — 22,796 Non-Agency MBS 2 — 175,123 175,123 Municipal 3,327 — 3,327 Asset-backed securities and structured notes 46,816 — 46,816 Total—Securities—Available-for-Sale $ 72,939 $ 175,123 $ 248,062 Loans Held for Sale $ 4,292 $ — $ 4,292 Mortgage servicing rights $ — $ 25,526 $ 25,526 Other assets—Derivative instruments $ — $ 136 $ 136 LIABILITIES: Other liabilities—Derivative instruments $ — $ 118 $ 118 June 30, 2022 (Dollars in thousands) Significant Other Significant Total ASSETS: Securities—Trading: Municipal $ 1,758 $ — $ 1,758 Securities—Available-for-Sale: Agency MBS 1 25,325 — 25,325 Non-Agency MBS 2 — 186,814 186,814 Municipal 3,248 — 3,248 Asset-backed securities and structured notes 47,131 — 47,131 Total—Securities—Available-for-Sale $ 75,704 $ 186,814 $ 262,518 Loans Held for Sale $ 4,973 $ — $ 4,973 Mortgage servicing rights $ — $ 25,213 $ 25,213 Other assets—Derivative instruments $ — $ 464 $ 464 LIABILITIES: Other liabilities—Derivative instruments $ — $ — $ — 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	Additional information is presented below about assets measured at fair value on a recurring basis for which the Company has utilized Level 3 inputs to determine fair value: For the Three Months Ended December 31, 2022 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency MBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening balance $ 184,012 $ 26,373 $ 535 $ 210,920 Total gains or losses for the period: Included in earnings—Mortgage banking income — (1,046) (517) (1,563) Included in other comprehensive income (2,143) — — (2,143) Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 199 — 199 Settlements (6,746) — — (6,746) Closing balance $ 175,123 $ 25,526 $ 18 $ 200,667 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (1,046) $ (517) $ (1,563) For the Six Months Ended December 31, 2022 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency RMBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening Balance $ 186,814 $ 25,213 $ 464 $ 212,491 Total gains or losses for the period: Included in earnings—Mortgage banking income — (93) (446) (539) Included in other comprehensive income (4,616) — — (4,616) Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 406 — 406 Settlements (7,075) — — (7,075) Closing balance $ 175,123 $ 25,526 $ 18 $ 200,667 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (93) $ (446) $ (539) 1 Earnings from mortgage servicing rights (“MSR”) were attributable to: Time and payoffs, representing a decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.1 million and $0.5 million for the three and six months ended December 31, 2022, respectively, and a decrease in MSR value resulting from market-driven changes in interest rates of $0.9 million for the three months ended December 31, 2022 and an increase of $0.4 million for the six months ended December 31, 2022. A dditions to mortgage servicing rights were retained upon sale of loans held for sale. For the Three Months Ended December 31, 2021 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency MBS Mortgage Servicing Rights 1 Derivative Instruments, net Total Opening balance $ 59,851 $ 18,438 $ 2,226 $ 80,515 Total gains or losses for the period: Included in earnings—Mortgage banking income — 97 (849) (752) Included in other comprehensive income (527) — — (527) Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 1,575 — 1,575 Settlements (572) — — (572) Closing balance $ 58,752 $ 20,110 $ 1,377 $ 80,239 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ 97 $ (849) $ (752) For the Six Months Ended December 31, 2021 (Dollars in thousands) Securities – Available-for-Sale: Non-Agency RMBS Mortgage Servicing Rights 1 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 — (1,087) (828) (1,915) Included in other comprehensive income (639) — — (639) Purchases, retentions, issues, sales and settlements: Purchases/Retentions — 3,286 — 3,286 Settlements (8,224) — — (8,224) Closing balance $ 58,752 $ 20,110 $ 1,377 $ 80,239 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period $ — $ (1,087) $ (828) $ (1,915) 1 Earnings from mortgage servicing rights were attributable to: Time and payoffs, representing a decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $1.3 million and $2.8 million for the three and six months ended December 31, 2021, respectively, and an increase in MSR value resulting from market-driven changes in interest rates of $1.4 million and $1.8 million for the three and six months ended December 31, 2021, respectively. Additions to mortgage servicing rights were retained upon sale of loans held for sale.
Schedule of Quantitative Information About Level 3 Fair Value Measurements	The table below summarizes the quantitative information about level 3 fair value measurements as of the dates indicated: December 31, 2022 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Securities – Non-agency MBS $ 175,123 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 30.0% (21.9%) 0.0 to 6.1% (2.2%) 0.0 to 68.7% (27.4%) 2.6 to 7.1% (2.7%) Mortgage Servicing Rights $ 25,526 Discounted Cash Flow Projected Constant Prepayment Rate, 6.2 to 26.4% (11.5%) 0.7 to 12.2 (8.0) 9.5 to 11.5% (9.6%) Derivative Instruments $ 18 Sales Comparison Approach Projected Sales Profit of Underlying Loans -1.6 to 1.2% (0.1%) June 30, 2022 (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Securities – Non-agency MBS $ 186,814 Discounted Cash Flow Projected Constant Prepayment Rate, 0.0 to 30.0% (21.4%) 0.0 to 7.9% (2.2%) 0.0 to 68.4% (26.7%) 2.7 to 9.3% (2.8%) Mortgage Servicing Rights $ 25,213 Discounted Cash Flow Projected Constant Prepayment Rate, 7.9 to 56.3% (11.0%) 1.2 to 9.9 (8.4) 9.5 to 11.5% (9.5%) Derivative Instruments $ 464 Sales Comparison Approach Projected Sales Profit of Underlying Loans -3.1 to 0.8% (-1.2%) The following table presents quantitative information about level 3 fair value measurements for other real estate owned and repossessed vehicles measured at fair value on a non-recurring basis at the periods indicated: December 31, 2022 (Dollars in thousands) Fair Value Valuation Technique(s) Unobservable Input Range (Weighted Average) 1 Other real estate owned and repossessed vehicles: Single family real estate $ 4,383 Sales comparison approach Adjustment for differences between the comparable sales 3.5 to 12.1% (4.1%) Autos $ 1,421 Sales comparison approach Adjustment for differences between the comparable sales -20.3 to -7.8% (-9.1%) June 30, 2022 (Dollars in thousands) Fair Value Valuation Technique(s) Unobservable Input Range (Weighted Average) 1 Other real estate owned and repossessed vehicles: Autos $ 798 Sales comparison approach Adjustment for differences between the comparable sales -17.2 to 4.6% (-7.5%) 1 For other real estate owned and repossessed vehicles 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 asset 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: December 31, 2022 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Single family real estate $ — $ — $ 4,383 $ 4,383 Autos $ — $ — $ 1,421 $ 1,421 Total $ — $ — $ 5,804 $ 5,804 June 30, 2022 (Dollars in thousands) Quoted Prices in Significant Other Significant Balance Other real estate owned and repossessed vehicles: Autos — — 798 798 Total $ — $ — $ 798 $ 798
Schedule of Aggregate Fair Value, Contractual Balance, and Gains of Loans Held For Sale	As of December 31, 2022 and June 30, 2022, the aggregate fair value of loans held for sale, carried at fair value, contractual balance (including accrued interest), and unrealized gain was as follows: (Dollars in thousands) December 31, 2022 June 30, 2022 Aggregate fair value $ 4,292 $ 4,973 Contractual balance 4,182 4,881 Unrealized gain $ 110 $ 92 Gains and losses from changes in fair value included in earnings for loans held for sale for the periods indicated below were: For the Three Months Ended For the Six Months Ended December 31, December 31, (Dollars in thousands) 2022 2021 2022 2021 Interest income $ 103 $ 194 $ 153 $ 394 Change in fair value (422) (1,021) (331) (978) Total $ (319) $ (827) $ (178) $ (584)
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments at Period-end	Carrying amounts and estimated fair values of financial instruments at December 31, 2022 and June 30, 2022 were: December 31, 2022 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 1,952,513 $ 1,952,513 $ — $ — $ 1,952,513 Securities—trading 372 — 372 — 372 Securities—available-for-sale 248,062 — 72,939 175,123 248,062 Loans held for sale, at fair value 4,292 — 4,292 — 4,292 Loans held for sale, at lower of cost or fair value 455 — — 456 456 Loans held for investment—net 15,473,212 — — 15,171,361 15,171,361 Securities borrowed 58,846 — — 60,217 60,217 Customer, broker-dealer and clearing receivables 272,579 — — 281,165 281,165 Mortgage servicing rights 25,526 — — 25,526 25,526 Financial liabilities: Total deposits 15,690,494 — 14,334,437 — 14,334,437 Advances from the Federal Home Loan Bank 100,000 — 92,471 — 92,471 Borrowings, subordinated notes and debentures 334,077 — 297,252 — 297,252 Securities loaned 156,008 — — 156,039 156,039 Customer, broker-dealer and clearing payables 420,947 — — 420,946 420,946 June 30, 2022 Fair Value (Dollars in thousands) Carrying Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 1,574,699 $ 1,574,699 $ — $ — $ 1,574,699 Securities—trading 1,758 — 1,758 — 1,758 Securities—available-for-sale 262,518 — 75,704 186,814 262,518 Loans held for sale, at fair value 4,973 — 4,973 — 4,973 Loans held for sale, at lower of cost or fair value 10,938 — — 10,985 10,985 Loans held for investment—net 14,091,061 — — 14,015,157 14,015,157 Securities borrowed 338,980 — — 329,963 329,963 Customer, broker-dealer and clearing receivables 417,417 — — 414,383 414,383 Mortgage servicing rights 25,213 — — 25,213 25,213 Financial liabilities: Total deposits 13,946,422 — 12,812,512 — 12,812,512 Advances from the Federal Home Loan Bank 117,500 — 117,500 — 117,500 Borrowings, subordinated notes and debentures 445,244 — 416,947 — 416,947 Securities loaned 474,400 — — 473,831 473,831 Customer, broker-dealer and clearing payables 511,654 — — 471,859 471,859

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Dec. 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 December 31, 2022 and June 30, 2022 were: December 31, 2022 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): U.S. agencies 1 $ — $ 26,008 $ 1 $ (3,213) $ 22,796 Non-agency 2 — 180,541 750 (6,168) 175,123 Total mortgage-backed securities — 206,549 751 (9,381) 197,919 Non-MBS: Municipal 372 3,592 — (265) 3,327 Asset-backed securities and structured notes — 47,000 — (184) 46,816 Total Non-MBS 372 50,592 — (449) 50,143 Total debt securities $ 372 $ 257,141 $ 751 $ (9,830) $ 248,062 June 30, 2022 Trading Available-for-sale (Dollars in thousands) Fair Amortized Unrealized Unrealized Fair Mortgage-backed securities (MBS): U.S. agencies 1 $ — $ 27,722 $ 9 $ (2,406) $ 25,325 Non-agency 2 — 187,616 1,832 (2,634) 186,814 Total mortgage-backed securities — 215,338 1,841 (5,040) 212,139 Non-MBS: Municipal 1,758 3,529 — (281) 3,248 Asset-backed securities and structured notes — 47,000 131 — 47,131 Total Non-MBS 1,758 50,529 131 (281) 50,379 Total debt securities $ 1,758 $ 265,867 $ 1,972 $ (5,321) $ 262,518 1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by Alt-A or pay-option ARM mortgages. The following table sets forth the expected maturity distribution of our mortgage-backed securities and the contractual maturity distribution of our Non-RMBS securities and the weighted-average yield for each range of maturities: At December 31, 2022 Total Amount Due Within One Year Due After One but within Five Years Due After Five but within Ten Years Due After Ten Years (Dollars in thousands) Amount Yield 1 Amount Yield 1 Amount Yield 1 Amount Yield 1 Amount Yield 1 Available-for-sale Mortgage-backed securities: Agency 2 $ 26,008 1.80 % $ 4,969 1.88 % $ 12,531 1.83 % $ 6,650 1.81 % $ 1,858 1.41 % Non-Agency 3 180,541 5.18 % 867 6.12 % 176,931 5.13 % 1,912 6.56 % 831 11.67 % Total Mortgage-Backed Securities $ 206,549 4.76 % $ 5,836 2.51 % $ 189,462 4.91 % $ 8,562 2.87 % $ 2,689 4.58 % Non-RMBS Municipal 3,592 3.57 % — — % — — % — — % 3,592 3.57 % Asset-backed securities and structured notes 47,000 9.16 % 41,249 9.16 % 5,751 9.16 % — — % — — % Total Non-RMBS $ 50,592 8.77 % $ 41,249 9.16 % $ 5,751 9.16 % $ — — % $ 3,592 3.57 % Available-for-sale—Amortized Cost $ 257,141 5.54 % $ 47,085 8.34 % $ 195,213 5.04 % $ 8,562 2.87 % $ 6,281 4.00 % Available-for-sale—Fair Value $ 248,062 5.56 % $ 46,358 8.34 % $ 188,044 5.04 % $ 7,674 2.87 % $ 5,986 4.00 % Total available-for-sale securities $ 248,062 5.56 % $ 46,358 8.34 % $ 188,044 5.04 % $ 7,674 2.87 % $ 5,986 4.00 % 1 Weighted-average yield is based on amortized cost of the securities. Residential mortgage-backed security yields and maturities include impact of expected prepayments and other timing factors such as interest rate forward curve. 2 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac. 3 Private sponsors of securities collateralized primarily by pools of 1-4 family residential first mo prime, Alt-A or pay-option ARM mortgages.
Schedule of Securities in a Continuous Unrealized Loss Position	Securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position were: December 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 $ 6,786 $ (470) $ 15,832 $ (2,743) $ 22,618 $ (3,213) Non-agency 126,507 (5,705) 4,399 (463) 130,906 (6,168) Total MBS 133,293 (6,175) 20,231 (3,206) 153,524 (9,381) Non-MBS: Municipal debt 3,327 (265) — — 3,327 (265) Asset-backed securities and structured notes 46,816 (184) — — 46,816 (184) Total Non-MBS 50,143 (449) — — 50,143 (449) Total debt securities $ 183,436 $ (6,624) $ 20,231 $ (3,206) $ 203,667 $ (9,830) June 30, 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 $ 16,446 $ (1,338) $ 8,097 $ (1,068) $ 24,543 $ (2,406) Non-agency 92,796 (2,204) 4,751 (430) 97,547 (2,634) Total MBS 109,242 (3,542) 12,848 (1,498) 122,090 (5,040) Non-MBS: Municipal debt 3,248 (281) — — 3,248 (281) Asset-backed securities and structured notes — — — — — — Total Non-MBS 3,248 (281) — — 3,248 (281) Total debt securities $ 112,490 $ (3,823) $ 12,848 $ (1,498) $ 125,338 $ (5,321)
Components of Other Comprehensive Income (Loss)	The components of the Company’s accumulated other comprehensive income (loss) are: (Dollars in thousands) December 31, June 30, Available-for-sale debt securities—net unrealized gains (losses) $ (9,079) $ (3,349) Available-for-sale debt securities—non-credit related losses (845) (845) Subtotal (9,924) (4,194) Tax benefit (expense) 2,979 1,261 Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss) $ (6,945) $ (2,933)

LOANS & ALLOWANCE FOR CREDIT _2

LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)	6 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Schedule of Composition of the Loan Portfolio	The composition of the loan portfolio was: (Dollars in thousands) December 31, 2022 June 30, 2022 Single Family - Mortgage & Warehouse $ 3,988,955 $ 3,988,462 Multifamily and Commercial Mortgage 3,050,128 2,877,680 Commercial Real Estate 5,762,049 4,781,044 Commercial & Industrial - Non-RE 2,208,945 2,028,128 Auto & Consumer 632,183 567,228 Other 7,234 11,134 Total gross loans and leases 15,649,494 14,253,676 Allowance for credit losses - loans (157,218) (148,617) Unaccreted premiums (discounts) and loan and lease fees (19,064) (13,998) Total net loans and leases $ 15,473,212 $ 14,091,061
Schedule of Allowance for Credit Losses on Financing Receivables	Activity in the allowance for credit losses by portfolio classes for the periods was: For the Three Months Ended December 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 October 1, 2022 $ 18,039 $ 14,649 $ 73,776 $ 34,383 $ 14,595 $ 30 $ 155,472 Provision (benefit) for credit losses - loans 1,878 808 (1,608) 1,655 776 (9) 3,500 Charge-offs (294) — — — (1,871) — (2,165) Recoveries 8 — — — 403 — 411 Balance at December 31, 2022 $ 19,631 $ 15,457 $ 72,168 $ 36,038 $ 13,903 $ 21 $ 157,218 For the Three Months Ended December 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 October 1, 2021 $ 25,329 $ 13,359 $ 65,223 $ 22,519 $ 10,007 $ 341 $ 136,778 Provision (benefit) for credit losses - loans 182 269 2,358 170 1,299 (278) 4,000 Charge-offs — — — — (640) — (640) Recoveries 69 — — 27 255 — 351 Balance at December 31, 2021 $ 25,580 $ 13,628 $ 67,581 $ 22,716 $ 10,921 $ 63 $ 140,489 For the Six Months Ended December 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, 2022 $ 19,670 $ 14,655 $ 69,339 $ 30,808 $ 14,114 $ 31 $ 148,617 Provision (benefit) for credit losses - loans 236 802 2,829 5,212 3,181 (10) 12,250 Charge-offs (298) — — — (4,233) — (4,531) Recoveries 23 — — 18 841 — 882 Balance at December 31, 2022 $ 19,631 $ 15,457 $ 72,168 $ 36,038 $ 13,903 $ 21 $ 157,218 For the Six Months Ended December 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, 2021 $ 26,604 $ 13,146 $ 57,928 $ 28,460 $ 6,519 $ 301 $ 132,958 Provision (benefit) for credit losses - loans (1,169) 305 9,653 (5,476) 4,925 (238) 8,000 Charge-offs — — — (322) (1,034) — (1,356) Recoveries 145 177 — 54 511 — 887 Balance at December 31, 2021 $ 25,580 $ 13,628 $ 67,581 $ 22,716 $ 10,921 $ 63 $ 140,489 The following tables present a summary of the activity in the unfunded loan commitment reserves for the periods indicated: Three Months Ended December 31, (Dollars in thousands) 2022 2021 BALANCE—beginning October 1 $ 10,973 $ 7,723 Provision (benefit) (499) 1,000 BALANCE—end December 31 $ 10,474 $ 8,723 Six Months Ended December 31, (Dollars in thousands) 2022 2021 BALANCE—beginning July 1 $ 10,973 $ 5,723 Provision (benefit) (499) 3,000 BALANCE—end December 31 $ 10,474 $ 8,723
Schedule of Nonaccrual Loans	Nonaccrual loans consisted of the following as of the dates indicated: (Dollars in thousands) As of December 31, 2022 Single Family - Mortgage & Warehouse $ 39,043 Multifamily and Commercial Mortgage 35,275 Commercial Real Estate 14,852 Commercial & Industrial - Non-RE 2,989 Auto & Consumer 1,447 Other 1,382 Total nonaccrual loans $ 94,988 Nonaccrual loans to total loans 0.61 % (Dollars in thousands) As of June 30, 2022 Single Family - Mortgage & Warehouse $ 66,424 Multifamily and Commercial Mortgage 33,410 Commercial Real Estate 14,852 Commercial & Industrial - Non-RE 2,989 Auto & Consumer 439 Other 80 Total nonaccrual loans $ 118,194 Nonaccrual loans to total loans 0.83 %
Schedule of Outstanding Principal Balance on Loans Performing and Nonaccrual	The outstanding unpaid balance of loans that are either performing or nonaccrual by portfolio class was: December 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 $ 3,949,912 $ 3,014,853 $ 5,747,197 $ 2,205,956 $ 630,736 $ 5,852 $ 15,554,506 Nonaccrual 39,043 35,275 14,852 2,989 1,447 1,382 94,988 Total $ 3,988,955 $ 3,050,128 $ 5,762,049 $ 2,208,945 $ 632,183 $ 7,234 $ 15,649,494 June 30, 2022 (Dollars in thousands) Single Family-Mortgage & Warehouse Multifamily and Commercial Mortgage Commercial Real Estate Commercial & Industrial - Non-RE Auto & Consumer Other Total Performing $ 3,922,038 $ 2,844,270 $ 4,766,192 $ 2,025,139 $ 566,789 $ 11,054 $ 14,135,482 Nonaccrual 66,424 33,410 14,852 2,989 439 80 118,194 Total $ 3,988,462 $ 2,877,680 $ 4,781,044 $ 2,028,128 $ 567,228 $ 11,134 $ 14,253,676
Schedule of Composition of Loan and Lease Portfolio by Credit Quality Indicators	The amortized cost basis of the Company’s loans by fiscal year of origination and credit quality indicator are: December 31, 2022 Loans Held for Investment Origination Year Revolving Loans Total (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Single Family-Mortgage & Warehouse Pass $ 464,448 $ 1,386,160 $ 555,289 $ 363,250 $ 264,688 $ 718,860 $ 143,354 $ 3,896,049 Special Mention — 4,104 956 11,610 14,042 21,554 663 52,929 Substandard — 549 1,005 3,975 5,335 29,113 — 39,977 Doubtful — — — — — — — — Total 464,448 1,390,813 557,250 378,835 284,065 769,527 144,017 3,988,955 Multifamily and Commercial Mortgage Pass 357,936 982,288 519,340 395,827 238,903 454,957 — 2,949,251 Special Mention — 9,704 5,935 1,973 3,259 — — 20,871 Substandard — 3,145 5,737 31,458 7,450 32,216 — 80,006 Doubtful — — — — — — — — Total 357,936 995,137 531,012 429,258 249,612 487,173 — 3,050,128 Commercial Real Estate Pass 901,296 2,669,607 844,296 179,916 118,000 4,000 885,282 5,602,397 Special Mention — — 31,573 10,818 950 15,000 — 58,341 Substandard — 17,950 51,724 — 15,487 14,852 1,298 101,311 Doubtful — — — — — — — — Total 901,296 2,687,557 927,593 190,734 134,437 33,852 886,580 5,762,049 Commercial & Industrial - Non-RE Pass 149,777 373,451 34,549 17,809 3,879 504 1,609,675 2,189,644 Special Mention — 8,474 — — — — — 8,474 Substandard — 2,989 — 7,838 — — — 10,827 Doubtful — — — — — — — — Total 149,777 384,914 34,549 25,647 3,879 504 1,609,675 2,208,945 Auto & Consumer Pass 162,687 303,542 86,643 32,849 27,563 16,124 — 629,408 Special Mention 27 695 289 43 18 64 — 1,136 Substandard 90 841 307 154 226 21 — 1,639 Doubtful — — — — — — — — Total 162,804 305,078 87,239 33,046 27,807 16,209 — 632,183 Other Pass 513 2,000 1,669 — — 1,402 — 5,584 Special Mention — — 268 — — — — 268 Substandard — — 1,205 — — 177 — 1,382 Doubtful — — — — — — — — Total 513 2,000 3,142 — — 1,579 — 7,234 Total Pass 2,036,657 5,717,048 2,041,786 989,651 653,033 1,195,847 2,638,311 15,272,333 Special Mention 27 22,977 39,021 24,444 18,269 36,618 663 142,019 Substandard 90 25,474 59,978 43,425 28,498 76,379 1,298 235,142 Doubtful — — — — — — — — Total $2,036,774 $5,765,499 $2,140,785 $1,057,520 $699,800 $1,308,844 $2,640,272 $15,649,494 As a % of total gross loans 13.02% 36.84% 13.68% 6.76% 4.47% 8.36% 16.87% 100.0% June 30, 2022 Loans Held for Investment Origination Year Revolving Loans Total (Dollars in thousands) 2022 2021 2020 2019 2018 Prior Single Family-Mortgage & Warehouse Pass $ 1,484,027 $ 600,054 $ 402,712 $ 303,999 $ 279,248 $ 548,703 $ 241,925 $ 3,860,668 Special Mention — — 4,790 2,505 4,125 10,971 38,637 61,028 Substandard — 2,288 3,928 18,407 5,955 36,188 — 66,766 Doubtful — — — — — — — — Total 1,484,027 602,342 411,430 324,911 289,328 595,862 280,562 3,988,462 Multifamily and Commercial Mortgage Pass 999,819 569,486 429,247 259,161 219,548 316,013 — 2,793,274 Special Mention 1,200 — 534 539 — 968 — 3,241 Substandard — 5,772 34,343 9,613 7,308 24,129 — 81,165 Doubtful — — — — — — — — Total 1,001,019 575,258 464,124 269,313 226,856 341,110 — 2,877,680 Commercial Real Estate Pass 2,482,366 990,887 358,422 186,800 28,758 — 602,412 4,649,645 Special Mention — 32,351 12,138 16,487 15,000 — — 75,976 Substandard — — 12,575 18,043 23,507 — 1,298 55,423 Doubtful — — — — — — — — Total 2,482,366 1,023,238 383,135 221,330 67,265 — 603,710 4,781,044 Commercial & Industrial - Non-RE Pass 435,228 66,226 25,629 61,932 9,268 — 1,388,435 1,986,718 Special Mention 13 — — 186 710 — — 909 Substandard 2,988 28,359 9,154 — — — — 40,501 Doubtful — — — — — — — — Total 438,229 94,585 34,783 62,118 9,978 — 1,388,435 2,028,128 Auto & Consumer Pass 352,468 107,882 43,377 37,008 16,147 8,891 — 565,773 Special Mention 204 188 24 110 — 1 — 527 Substandard 157 311 224 205 25 6 — 928 Doubtful — — — — — — — — Total 352,829 108,381 43,625 37,323 16,172 8,898 — 567,228 Other Pass 3,057 6,185 — — 1,091 721 — 11,054 Special Mention — — — — — — — — Substandard — — 46 — — 34 — 80 Doubtful — — — — — — — — Total 3,057 6,185 46 — 1,091 755 — 11,134 Total Pass 5,756,965 2,340,720 1,259,387 848,900 554,060 874,328 2,232,772 13,867,132 Special Mention 1,417 32,539 17,486 19,827 19,835 11,940 38,637 141,681 Substandard 3,145 36,730 60,270 46,268 36,795 60,357 1,298 244,863 Doubtful — — — — — — — — Total $ 5,761,527 $ 2,409,989 $ 1,337,143 $ 914,995 $ 610,690 $ 946,625 $ 2,272,707 $ 14,253,676 As a % of total gross loans 40.42% 16.91% 9.38% 6.42% 4.28% 6.64% 15.95% 100.0%
Schedule of Past Due Loan and Leases	The outstanding unpaid balance of loans past due 30 days or more by portfolio class are: December 31, 2022 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Single Family-Mortgage & Warehouse $ 20,731 $ 9,432 $ 37,421 $ 67,584 Multifamily and Commercial Mortgage 4,860 8,229 29,548 42,637 Commercial Real Estate — — 14,852 14,852 Auto & Consumer 5,353 1,278 821 7,452 Other 2,000 1,017 177 3,194 Total $ 32,944 $ 19,956 $ 82,819 $ 135,719 As a % of total gross loans 0.21 % 0.13 % 0.53 % 0.87 % June 30, 2022 (Dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Total Single Family-Mortgage & Warehouse $ 5,167 $ 1,518 $ 63,286 $ 69,971 Multifamily and Commercial Mortgage 9,455 2,115 26,556 38,126 Commercial Real Estate — 14,852 — 14,852 Auto & Consumer 4,865 1,009 466 6,340 Other 413 — 193 606 Total $ 19,900 $ 19,494 $ 90,501 $ 129,895 As a % of total gross loans 0.14 % 0.14 % 0.63 % 0.91 %

EQUITY AND STOCK-BASED COMPEN_2

EQUITY AND STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Unrecognized Compensation Expense Related to Non-vested Awards To be Recognized in the Future	At December 31, 2022, 1,650,944 shares of common stock remained available for issuance pursuant to grant awards under the 2014 Plan and unrecognized compensation expense related to non-vested awards aggregated to $42.4 million and is expected to be recognized in future periods as follows: (Dollars in thousands) Stock Award For the fiscal year remainder: Remainder of fiscal year 2023 $ 11,973 2024 18,856 2025 9,293 2026 1,926 2027 400 Total $ 42,448
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, 2022 1,350,763 $ 41.16 Granted 407,632 39.03 Vested (293,869) 31.89 Forfeited (39,444) 40.88 Non-vested balance at December 31, 2022 1,425,082 $ 42.47

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	6 Months Ended
	Dec. 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 Six Months Ended December 31, December 31, (Dollars in thousands, except per share data) 2022 2021 2022 2021 Earnings Per Common Share Net income $ 81,552 $ 60,787 $ 139,959 $ 120,997 Average common shares issued and outstanding 59,999,573 59,496,489 59,927,078 59,443,667 Earnings per common share $ 1.36 $ 1.02 $ 2.34 $ 2.04 Diluted Earnings Per Common Share Net income $ 81,552 $ 60,787 $ 139,959 $ 120,997 Average common shares issued and outstanding 59,999,573 59,496,489 59,927,078 59,443,667 Dilutive effect of average unvested RSUs 515,062 1,259,492 613,275 1,305,716 Total dilutive common shares outstanding 60,514,635 60,755,981 60,540,353 60,749,383 Diluted earnings per common share $ 1.35 $ 1.00 $ 2.31 $ 1.99

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Maturities of Lease Liabilities	The following table represents maturities of lease liabilities as of December 31, 2022 in the corresponding fiscal years: (Dollars in thousands) Remainder of fiscal year 2023 $ 5,450 2024 10,976 2025 11,143 2026 10,811 2027 10,870 Thereafter 29,177 Total lease payments 78,427 Less: amount representing interest (7,569) Total Lease Liability $ 70,858

SEGMENT REPORTING AND REVENUE_2

SEGMENT REPORTING AND REVENUE INFORMATION (Tables)	6 Months Ended
	Dec. 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 December 31, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 198,545 $ 4,876 $ (3,511) $ 199,910 Provision for credit losses 3,500 — — 3,500 Non-interest income 10,557 36,004 (18,232) 28,329 Non-interest expense 96,284 25,271 (14,027) 107,528 Income before taxes $ 109,318 $ 15,609 $ (7,716) $ 117,211 For the Three Months Ended December 31, 2021 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 142,259 $ 4,506 $ (1,197) $ 145,568 Provision for credit losses 4,000 — — 4,000 Non-interest income 16,295 16,454 (1,962) 30,787 Non-interest expense 62,449 21,654 1,916 86,019 Income before taxes $ 92,105 $ (694) $ (5,075) $ 86,336 For the Six Months Ended December 31, 2022 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 378,275 $ 9,151 $ (7,041) $ 380,385 Provision for credit losses 12,250 — — 12,250 Non-interest income 21,269 65,169 (30,901) 55,537 Non-interest expense 197,080 49,786 (23,251) 223,615 Income before taxes $ 190,214 $ 24,534 $ (14,691) $ 200,057 For the Six Months Ended December 31, 2021 (Dollars in thousands) Banking Securities Business Corporate/Eliminations Axos Consolidated Net interest income $ 284,500 $ 10,682 $ (2,972) $ 292,210 Provision for credit losses 8,000 — — 8,000 Non-interest income 31,123 29,560 (3,194) 57,489 Non-interest expense 125,174 40,927 4,349 170,450 Income before taxes $ 182,449 $ (685) $ (10,515) $ 171,249 As of December 31, 2022 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 61,952 $ — $ 97,673 Total Assets $ 17,893,083 $ 805,243 $ 42,709 $ 18,741,035 As of June 30, 2022 (Dollars in thousands) Banking Business Securities Business Corporate/Eliminations Axos Consolidated Goodwill $ 35,721 $ 59,953 $ — $ 95,674 Total Assets $ 16,002,714 $ 1,328,558 $ 69,893 $ 17,401,165
Schedule of Other Nonoperating Income (Expense)	The following presents non-interest income, segregated by revenue streams in-scope and out-of-scope of Topic 606 for the periods indicated. For further information of the Company’s recognition of revenue and Topic 606 see Note 1 — “Organizations and Summary of Significant Accounting Policies” contained in the 2022 Form 10-K. For the Three Months Ended For the Six Months Ended December 31, December 31, (Dollars in thousands) 2022 2021 2022 2021 Advisory fee income $ 6,983 $ 8,035 $ 13,942 $ 13,339 Broker-dealer clearing fees 4,425 5,343 9,658 11,013 Deposit service fees 2,202 2,406 3,308 3,032 Card fees 2,144 957 2,933 1,964 Bankruptcy trustee and fiduciary service fees 2,167 1,068 2,940 1,848 Non-interest income (in-scope Topic 606) 17,921 17,809 32,781 31,196 Non-interest income (out-of-scope Topic 606) 10,408 12,978 22,756 26,293 Total non-interest income $ 28,329 $ 30,787 $ 55,537 $ 57,489

ACQUISITIONS - NARRATIVE (Detai

ACQUISITIONS - NARRATIVE (Details) - USD ($) $ in Thousands		1 Months Ended	11 Months Ended
	Aug. 02, 2021	Dec. 31, 2021	Jun. 30, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Goodwill			$ 95,674	$ 97,673
E*TRADE Advisor Services
Business Acquisition [Line Items]
Cash consideration	$ 54,600	$ 54,800
Acquisition-related costs			40
Tangible assets acquired	14,400		14,200
Business combination, recognized identifiable assets acquired and liabilities assumed, right-of-use lease asset	7,800
Liabilities assumed	11,300		$ 10,900
Business combination, recognized identifiable assets acquired and liabilities assumed, lease liabilty	7,800
Intangible assets acquired	27,060
Goodwill	$ 24,400
True-up payment based on working capital adjustment		$ 200

ACQUISITIONS - FAIR VALUE OF AS

ACQUISITIONS - FAIR VALUE OF ASSETS ACQUIRED (Details) - E*TRADE Advisor Services $ in Thousands	Aug. 02, 2021 USD ($)
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

ACQUISITIONS - BUSINESS ACQUISI

ACQUISITIONS - BUSINESS ACQUISITION, PRO FORMA INFORMATION (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2021 USD ($)
Business Combination and Asset Acquisition [Abstract]
Non-interest income	$ 17,230

FAIR VALUE - ASSETS AND LIABILI

FAIR VALUE - ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
ASSETS:
Trading	$ 372	$ 1,758
Fair Value	248,062	262,518
Loans held for sale, at fair value	4,292	4,973
Municipal
ASSETS:
Trading	372	1,758
Fair Value	3,327	3,248
Agency MBS
ASSETS:
Trading	0	0
Fair Value	22,796	25,325
Securities – Available-for-Sale: Non-Agency RMBS
ASSETS:
Trading	0	0
Fair Value	175,123	186,814
Significant Other Observable Inputs (Level 2)
ASSETS:
Trading	372	1,758
Fair Value	72,939	75,704
Loans held for sale, at fair value	4,292	4,973
Mortgage servicing rights	0	0
Significant Unobservable Inputs (Level 3)
ASSETS:
Trading	0	0
Fair Value	175,123	186,814
Loans held for sale, at fair value	0	0
Mortgage servicing rights	25,526	25,213
Recurring
ASSETS:
Fair Value	248,062	262,518
Loans held for sale, at fair value	4,292	4,973
Mortgage servicing rights	25,526	25,213
Other assets—Derivative instruments	136	464
LIABILITIES:
Other liabilities—Derivative instruments	118	0
Recurring | Municipal
ASSETS:
Trading	372	1,758
Fair Value	3,327	3,248
Recurring | Agency MBS
ASSETS:
Fair Value	22,796	25,325
Recurring | Securities – Available-for-Sale: Non-Agency RMBS
ASSETS:
Fair Value	175,123	186,814
Recurring | Asset-backed securities and structured notes
ASSETS:
Fair Value	46,816	47,131
Recurring | Significant Other Observable Inputs (Level 2)
ASSETS:
Fair Value	72,939	75,704
Loans held for sale, at fair value	4,292	4,973
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	372	1,758
Fair Value	3,327	3,248
Recurring | Significant Other Observable Inputs (Level 2) | Agency MBS
ASSETS:
Fair Value	22,796	25,325
Recurring | Significant Other Observable Inputs (Level 2) | Securities – Available-for-Sale: Non-Agency RMBS
ASSETS:
Fair Value	0	0
Recurring | Significant Other Observable Inputs (Level 2) | Asset-backed securities and structured notes
ASSETS:
Fair Value	46,816	47,131
Recurring | Significant Unobservable Inputs (Level 3)
ASSETS:
Fair Value	175,123	186,814
Loans held for sale, at fair value	0	0
Mortgage servicing rights	25,526	25,213
Other assets—Derivative instruments	136	464
LIABILITIES:
Other liabilities—Derivative instruments	118	0
Recurring | Significant Unobservable Inputs (Level 3) | Municipal
ASSETS:
Trading	0	0
Fair Value	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Agency MBS
ASSETS:
Fair Value	0	0
Recurring | Significant Unobservable Inputs (Level 3) | Securities – Available-for-Sale: Non-Agency RMBS
ASSETS:
Fair Value	175,123	186,814
Recurring | Significant Unobservable Inputs (Level 3) | Asset-backed securities and structured notes
ASSETS:
Fair Value	$ 0	$ 0

FAIR VALUE - LEVEL 3 ASSETS MEA

FAIR VALUE - LEVEL 3 ASSETS MEASURED ON RECURRING BASIS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Included in earnings—Mortgage banking income [Extensible Enumeration]	Mortgage banking income	Mortgage banking income	Mortgage banking income	Mortgage banking income
Included in other comprehensive income [Extensible Enumeration]	Other comprehensive income (loss)	Other comprehensive income (loss)	Other comprehensive income (loss)	Other comprehensive income (loss)
Recurring | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	$ 210,920	$ 80,515	$ 212,491	$ 87,731
Included in earnings—Mortgage banking income	(1,563)	(752)	(539)	(1,915)
Included in other comprehensive income	(2,143)	(527)	(4,616)	(639)
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	199	1,575	406	3,286
Settlements	(6,746)	(572)	(7,075)	(8,224)
Closing balance	200,667	80,239	200,667	80,239
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	(1,563)	(752)	(539)	(1,915)
Principal payments and loans that were paid down or paid off	100	1,300	500	2,800
Market-driven changes in interest rates	900	1,400	(400)	1,800
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	184,012	59,851	186,814	67,615
Included in earnings—Mortgage banking income	0	0	0	0
Included in other comprehensive income	(2,143)	(527)	(4,616)	(639)
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	0	0	0	0
Settlements	(6,746)	(572)	(7,075)	(8,224)
Closing balance	175,123	58,752	175,123	58,752
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
Recurring | Level 3 | Mortgage Servicing Rights1
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	26,373	18,438	25,213	17,911
Included in earnings—Mortgage banking income	(1,046)	97	(93)	(1,087)
Included in other comprehensive income	0	0	0	0
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions	199	1,575	406	3,286
Settlements	0	0	0	0
Closing balance	25,526	20,110	25,526	20,110
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	(1,046)	97	(93)	(1,087)
Recurring | Level 3 | Derivative Instruments, net
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Opening Balance	535	2,226	464	2,205
Included in earnings—Mortgage banking income	(517)	(849)	(446)	(828)
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	18	1,377	18	1,377
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period	$ (517)	$ (849)	$ (446)	$ (828)

FAIR VALUE - QUANTITATIVE INFOR

FAIR VALUE - QUANTITATIVE INFORMATION ABOUT LEVEL 3 FAIR VALUE MEASURMENTS (RECURRING) (Details) $ in Thousands	Dec. 31, 2022 USD ($) year	Jun. 30, 2022 USD ($) year
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	$ 248,062	$ 262,518
Securities – Available-for-Sale: Non-Agency RMBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	175,123	186,814
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	175,123	186,814
Mortgage servicing rights	25,526	25,213
Recurring
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	248,062	262,518
Mortgage servicing rights	25,526	25,213
Recurring | Securities – Available-for-Sale: Non-Agency RMBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	175,123	186,814
Recurring | Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	175,123	186,814
Mortgage servicing rights	25,526	25,213
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities—available-for-sale	$ 175,123	$ 186,814
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS | Projected Constant Prepayment Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS | Projected Constant Prepayment Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.300	0.300
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS | Projected Constant Prepayment Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.219	0.214
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS | Projected Constant Default Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS | Projected Constant Default Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.061	0.079
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS | Projected Constant Default Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.022	0.022
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS | Projected Loss Severity | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0	0
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS | Projected Loss Severity | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.687	0.684
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS | Projected Loss Severity | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.274	0.267
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS | Discount Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.026	0.027
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS | Discount Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.071	0.093
Recurring | Level 3 | Securities – Available-for-Sale: Non-Agency RMBS | Discount Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Securities available-for-sale, measurement input	0.027	0.028
Recurring | Level 3 | Mortgage Servicing Rights1
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing rights	$ 25,526	$ 25,213
Recurring | Level 3 | Mortgage Servicing Rights1 | Projected Constant Prepayment Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.062	0.079
Recurring | Level 3 | Mortgage Servicing Rights1 | Projected Constant Prepayment Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.264	0.563
Recurring | Level 3 | Mortgage Servicing Rights1 | Projected Constant Prepayment Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.115	0.110
Recurring | Level 3 | Mortgage Servicing Rights1 | Discount Rate | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.095	0.095
Recurring | Level 3 | Mortgage Servicing Rights1 | Discount Rate | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.115	0.115
Recurring | Level 3 | Mortgage Servicing Rights1 | Discount Rate | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input	0.096	0.095
Recurring | Level 3 | Mortgage Servicing Rights1 | Life (in years) | Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input | year	0.7	1.2
Recurring | Level 3 | Mortgage Servicing Rights1 | Life (in years) | Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input | year	12.2	9.9
Recurring | Level 3 | Mortgage Servicing Rights1 | Life (in years) | Weighted Average
Fair Value, Option, Quantitative Disclosures [Line Items]
Mortgage servicing right, measurement input | year	8	8.4
Recurring | Level 3 | Derivative Instruments, net
Fair Value, Option, Quantitative Disclosures [Line Items]
Derivative Instruments	$ 18	$ 464
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	(0.016)	(0.031)
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	0.012	0.008
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	0.001	(0.012)

FAIR VALUE - ASSETS MEASURED FO

FAIR VALUE - ASSETS MEASURED FOR IMPAIRMENT ON NONRECURRING BASIS (Details) - Nonrecurring - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 5,804	$ 798
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	4,383
Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	1,421	798
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
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
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	5,804	798
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	4,383
Significant Unobservable Inputs (Level 3) | Autos
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 1,421	$ 798

FAIR VALUE - NARRATIVE (Details

FAIR VALUE - NARRATIVE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Impaired loans, charge-offs	$ 2,165	$ 640	$ 4,531	$ 1,356
Other real estate owned | Nonrecurring
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Impaired loans, charge-offs	$ 657	$ 37	$ 964	$ 49

FAIR VALUE - LOANS HELD-FOR-SAL

FAIR VALUE - LOANS HELD-FOR-SALE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Aggregate fair value	$ 4,292		$ 4,292		$ 4,973
Contractual balance	4,182		4,182		4,881
Unrealized gain	110		110		$ 92
Interest income	103	$ 194	153	$ 394
Change in fair value	(422)	(1,021)	(331)	(978)
Total	$ (319)	$ (827)	$ (178)	$ (584)

FAIR VALUE - QUANTITATIVE INF_2

FAIR VALUE - QUANTITATIVE INFORMATION ABOUT LEVEL 3 FAIR VALUE MEASURMENTS (NONRECURRING) (Details) - Nonrecurring $ in Thousands	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 5,804	$ 798
Single family real estate
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	4,383
Autos
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	1,421	798
Level 3
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	5,804	798
Level 3 | Single family real estate
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 4,383
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	0.035
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	0.121
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	0.041
Level 3 | Autos
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other real estate owned and foreclosed assets, fair value	$ 1,421	$ 798
Level 3 | Autos | Adjustment for differences between the comparable sales | Minimum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other repossessed assets, measurement Input	(0.203)	(0.172)
Level 3 | Autos | Adjustment for differences between the comparable sales | Maximum
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other repossessed assets, measurement Input	(0.078)	0.046
Level 3 | Autos | Adjustment for differences between the comparable sales | Weighted Average
Fair Value Inputs, Equity, Quantitative Information [Line Items]
Other repossessed assets, measurement Input	(0.091)	(0.075)

FAIR VALUE - ESTIMATED FAIR VAL

FAIR VALUE - ESTIMATED FAIR VALUES OF FINANCIAL INSTRUMENTS AT PERIOD-END (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Financial assets:
Securities—trading	$ 372	$ 1,758
Securities—available-for-sale	248,062	262,518
Loans held for sale, at fair value	4,292	4,973
Loans held for sale, lower of cost or fair value	455	10,938
Securities borrowed	58,846	338,980
Financial liabilities:
Securities loaned	156,008	474,400
Carrying Amount
Financial assets:
Cash and cash equivalents	1,952,513	1,574,699
Securities—trading	372	1,758
Securities—available-for-sale	248,062	262,518
Loans held for sale, at fair value	4,292	4,973
Loans held for sale, lower of cost or fair value	455	10,938
Loans held for investment—net	15,473,212	14,091,061
Securities borrowed	58,846	338,980
Customer, broker-dealer and clearing receivables	272,579	417,417
Mortgage servicing rights	25,526	25,213
Financial liabilities:
Total deposits	15,690,494	13,946,422
Advances from the Federal Home Loan Bank	100,000	117,500
Borrowings, subordinated notes and debentures	334,077	445,244
Securities loaned	156,008	474,400
Customer, broker-dealer and clearing payables	420,947	511,654
Total Fair Value
Financial assets:
Cash and cash equivalents	1,952,513	1,574,699
Securities—trading	372	1,758
Securities—available-for-sale	248,062	262,518
Loans held for sale, at fair value	4,292	4,973
Loans held for sale, lower of cost or fair value	456	10,985
Loans held for investment—net	15,171,361	14,015,157
Securities borrowed	60,217	329,963
Customer, broker-dealer and clearing receivables	281,165	414,383
Mortgage servicing rights	25,526	25,213
Financial liabilities:
Total deposits	14,334,437	12,812,512
Advances from the Federal Home Loan Bank	92,471	117,500
Borrowings, subordinated notes and debentures	297,252	416,947
Securities loaned	156,039	473,831
Customer, broker-dealer and clearing payables	420,946	471,859
Level 1
Financial assets:
Cash and cash equivalents	1,952,513	1,574,699
Securities—trading	0	0
Securities—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
Securities—trading	372	1,758
Securities—available-for-sale	72,939	75,704
Loans held for sale, at fair value	4,292	4,973
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	14,334,437	12,812,512
Advances from the Federal Home Loan Bank	92,471	117,500
Borrowings, subordinated notes and debentures	297,252	416,947
Securities loaned	0	0
Customer, broker-dealer and clearing payables	0	0
Level 3
Financial assets:
Cash and cash equivalents	0	0
Securities—trading	0	0
Securities—available-for-sale	175,123	186,814
Loans held for sale, at fair value	0	0
Loans held for sale, lower of cost or fair value	456	10,985
Loans held for investment—net	15,171,361	14,015,157
Securities borrowed	60,217	329,963
Customer, broker-dealer and clearing receivables	281,165	414,383
Mortgage servicing rights	25,526	25,213
Financial liabilities:
Total deposits	0	0
Advances from the Federal Home Loan Bank	0	0
Borrowings, subordinated notes and debentures	0	0
Securities loaned	156,039	473,831
Customer, broker-dealer and clearing payables	$ 420,946	$ 471,859

SECURITIES - AMORTIZED COST, CA

SECURITIES - AMORTIZED COST, CARRYING AMOUNT AND FAIR VALUE DISCLOSURES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	$ 372	$ 1,758
Amortized Cost	257,141	265,867
Unrealized Gains	751	1,972
Unrealized Losses	(9,830)	(5,321)
Fair Value	248,062	262,518
U.S. agencies
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	0	0
Amortized Cost	26,008	27,722
Unrealized Gains	1	9
Unrealized Losses	(3,213)	(2,406)
Fair Value	22,796	25,325
Non-agency
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	0	0
Amortized Cost	180,541	187,616
Unrealized Gains	750	1,832
Unrealized Losses	(6,168)	(2,634)
Fair Value	175,123	186,814
Total MBS
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	0	0
Amortized Cost	206,549	215,338
Unrealized Gains	751	1,841
Unrealized Losses	(9,381)	(5,040)
Fair Value	197,919	212,139
Municipal debt
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	372	1,758
Amortized Cost	3,592	3,529
Unrealized Gains	0	0
Unrealized Losses	(265)	(281)
Fair Value	3,327	3,248
Asset-backed securities and structured notes
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	0	0
Amortized Cost	47,000	47,000
Unrealized Gains	0	131
Unrealized Losses	(184)	0
Fair Value	46,816	47,131
Total Non-MBS
Debt Securities, Available-for-sale [Line Items]
Trading - Fair Value	372	1,758
Amortized Cost	50,592	50,529
Unrealized Gains	0	131
Unrealized Losses	(449)	(281)
Fair Value	$ 50,143	$ 50,379

SECURITIES - NARRATIVE (Details

SECURITIES - NARRATIVE (Details)	3 Months Ended	6 Months Ended
	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 security	Jun. 30, 2022 USD ($) security
Debt Securities, Available-for-sale [Line Items]
Available-for-sale	$ 248,062,000		$ 262,518,000
Number of available-for-sale securities in continuous loss position for a period of more than 12 months | security	19		14
Number of available-for-sale securities in continuous loss position for a period of less than 12 months | security	35		25
Carrying amount of securities with cumulative credit losses	$ 1,400,000
Cumulative credit losses	800,000
Number of available-for-sale securities sold | security		0
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Available-for-sale securities pledged as collateral	1,100,000		$ 1,200,000
Non-agency
Debt Securities, Available-for-sale [Line Items]
Available-for-sale	$ 175,123,000		$ 186,814,000
Number of non-agency RMBS | security	1
Credit losses recognized in earnings	$ 0
RMBS, Super Senior Securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale, number of securities | security	17

SECURITIES - SCHEDULE OF UNREAL

SECURITIES - SCHEDULE OF UNREALIZED LOSS ON INVESTMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Fair Value
Less Than 12 Months	$ 183,436	$ 112,490
More Than 12 Months	20,231	12,848
Total	203,667	125,338
Gross Unrealized Losses
Less Than 12 Months	(6,624)	(3,823)
More Than 12 Months	(3,206)	(1,498)
Total	(9,830)	(5,321)
U.S. agencies
Fair Value
Less Than 12 Months	6,786	16,446
More Than 12 Months	15,832	8,097
Total	22,618	24,543
Gross Unrealized Losses
Less Than 12 Months	(470)	(1,338)
More Than 12 Months	(2,743)	(1,068)
Total	(3,213)	(2,406)
Non-agency
Fair Value
Less Than 12 Months	126,507	92,796
More Than 12 Months	4,399	4,751
Total	130,906	97,547
Gross Unrealized Losses
Less Than 12 Months	(5,705)	(2,204)
More Than 12 Months	(463)	(430)
Total	(6,168)	(2,634)
Total MBS
Fair Value
Less Than 12 Months	133,293	109,242
More Than 12 Months	20,231	12,848
Total	153,524	122,090
Gross Unrealized Losses
Less Than 12 Months	(6,175)	(3,542)
More Than 12 Months	(3,206)	(1,498)
Total	(9,381)	(5,040)
Municipal debt
Fair Value
Less Than 12 Months	3,327	3,248
More Than 12 Months	0	0
Total	3,327	3,248
Gross Unrealized Losses
Less Than 12 Months	(265)	(281)
More Than 12 Months	0	0
Total	(265)	(281)
Asset-backed securities and structured notes
Fair Value
Less Than 12 Months	46,816	0
More Than 12 Months	0	0
Total	46,816	0
Gross Unrealized Losses
Less Than 12 Months	(184)	0
More Than 12 Months	0	0
Total	(184)	0
Total Non-MBS
Fair Value
Less Than 12 Months	50,143	3,248
More Than 12 Months	0	0
Total	50,143	3,248
Gross Unrealized Losses
Less Than 12 Months	(449)	(281)
More Than 12 Months	0	0
Total	$ (449)	$ (281)

SECURITIES - UNREALIZED GAIN (L

SECURITIES - UNREALIZED GAIN (LOSS) ON INVESTMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Available-for-sale debt securities—net unrealized gains (losses)	$ (9,079)	$ (3,349)
Available-for-sale debt securities—non-credit related losses	(845)	(845)
Subtotal	(9,924)	(4,194)
Tax benefit (expense)	2,979	1,261
Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss)	$ (6,945)	$ (2,933)

SECURITIES - INVESTMENTS CLASSI

SECURITIES - INVESTMENTS CLASSIFIED BY CONTRACTUAL MATURITY DATE (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Available-for-sale
Amortized Cost	$ 257,141	$ 265,867
Fair Value	248,062	262,518
Due Within One Year	46,358
Due After One but within Five Years	188,044
Due After Five but within Ten Years	7,674
Due After Ten Years	$ 5,986
Available-for-Sale, Yield
Total amount (percent)	5.56%
Due within one year (percent)	8.34%
Due after one but within five years (percent)	5.04%
Due after five but within ten years (percent)	2.87%
Due after ten years (percent)	4%
Available-for-sale—Amortized Cost
Total Amount	$ 257,141
Due Within One Year	47,085
Due After One but within Five Years	195,213
Due After Five but within Ten Years	8,562
Due After Ten Years	$ 6,281
Available-for-Sale, Amortized Cost, Percentage Yield
Total amount (percent)	5.54%
Due within one year (percent)	8.34%
Due after one but within five years (percent)	5.04%
Due after five but within ten years (percent)	2.87%
Due after ten years (percent)	4%
Fair Value
Available-for-sale
Amortized Cost	$ 248,062
Fair Value	248,062	262,518
Due Within One Year	46,358
Due After One but within Five Years	188,044
Due After Five but within Ten Years	7,674
Due After Ten Years	$ 5,986
Available-for-Sale, Yield
Total amount (percent)	5.56%
Due within one year (percent)	8.34%
Due after one but within five years (percent)	5.04%
Due after five but within ten years (percent)	2.87%
Due after ten years (percent)	4%
U.S. agencies
Available-for-sale
Amortized Cost	$ 26,008	27,722
Fair Value	22,796	25,325
Due Within One Year	4,969
Due After One but within Five Years	12,531
Due After Five but within Ten Years	6,650
Due After Ten Years	$ 1,858
Available-for-Sale, Yield
Total amount (percent)	1.80%
Due within one year (percent)	1.88%
Due after one but within five years (percent)	1.83%
Due after five but within ten years (percent)	1.81%
Due after ten years (percent)	1.41%
Non-agency
Available-for-sale
Amortized Cost	$ 180,541	187,616
Fair Value	175,123	186,814
Due Within One Year	867
Due After One but within Five Years	176,931
Due After Five but within Ten Years	1,912
Due After Ten Years	$ 831
Available-for-Sale, Yield
Total amount (percent)	5.18%
Due within one year (percent)	6.12%
Due after one but within five years (percent)	5.13%
Due after five but within ten years (percent)	6.56%
Due after ten years (percent)	11.67%
Total MBS
Available-for-sale
Amortized Cost	$ 206,549	215,338
Fair Value	197,919	212,139
Due Within One Year	5,836
Due After One but within Five Years	189,462
Due After Five but within Ten Years	8,562
Due After Ten Years	$ 2,689
Available-for-Sale, Yield
Total amount (percent)	4.76%
Due within one year (percent)	2.51%
Due after one but within five years (percent)	4.91%
Due after five but within ten years (percent)	2.87%
Due after ten years (percent)	4.58%
Municipal
Available-for-sale
Amortized Cost	$ 3,592	3,529
Fair Value	3,327	3,248
Due Within One Year	0
Due After One but within Five Years	0
Due After Five but within Ten Years	0
Due After Ten Years	$ 3,592
Available-for-Sale, Yield
Total amount (percent)	3.57%
Due within one year (percent)	0%
Due after one but within five years (percent)	0%
Due after five but within ten years (percent)	0%
Due after ten years (percent)	3.57%
Asset-backed securities and structured notes
Available-for-sale
Amortized Cost	$ 47,000	47,000
Fair Value	46,816	47,131
Due Within One Year	41,249
Due After One but within Five Years	5,751
Due After Five but within Ten Years	0
Due After Ten Years	$ 0
Available-for-Sale, Yield
Total amount (percent)	9.16%
Due within one year (percent)	9.16%
Due after one but within five years (percent)	9.16%
Due after five but within ten years (percent)	0%
Due after ten years (percent)	0%
Total Non-MBS
Available-for-sale
Amortized Cost	$ 50,592	50,529
Fair Value	50,143	$ 50,379
Due Within One Year	41,249
Due After One but within Five Years	5,751
Due After Five but within Ten Years	0
Due After Ten Years	$ 3,592
Available-for-Sale, Yield
Total amount (percent)	8.77%
Due within one year (percent)	9.16%
Due after one but within five years (percent)	9.16%
Due after five but within ten years (percent)	0%
Due after ten years (percent)	3.57%

LOANS & ALLOWANCE FOR CREDIT _3

LOANS & ALLOWANCE FOR CREDIT LOSSES - LOAN PORTFOLIO COMPOSITION (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	$ 15,649,494		$ 14,253,676
Allowance for credit losses - loans	(157,218)	$ (155,472)	(148,617)	$ (140,489)	$ (136,778)	$ (132,958)
Unaccreted premiums (discounts) and loan and lease fees	(19,064)		(13,998)
Total net loans and leases	15,473,212		14,091,061
Single Family - Mortgage & Warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	3,988,955		3,988,462
Allowance for credit losses - loans	(19,631)	(18,039)	(19,670)	(25,580)	(25,329)	(26,604)
Multifamily and Commercial Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	3,050,128		2,877,680
Allowance for credit losses - loans	(15,457)	(14,649)	(14,655)	(13,628)	(13,359)	(13,146)
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	5,762,049		4,781,044
Allowance for credit losses - loans	(72,168)	(73,776)	(69,339)	(67,581)	(65,223)	(57,928)
Commercial & Industrial - Non-RE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	2,208,945		2,028,128
Allowance for credit losses - loans	(36,038)	(34,383)	(30,808)	(22,716)	(22,519)	(28,460)
Auto & Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	632,183		567,228
Allowance for credit losses - loans	(13,903)	(14,595)	(14,114)	(10,921)	(10,007)	(6,519)
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans and leases	7,234		11,134
Allowance for credit losses - loans	$ (21)	$ (30)	$ (31)	$ (63)	$ (341)	$ (301)

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
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 155,472	$ 136,778	$ 148,617	$ 132,958
Provision (benefit) for credit losses - loans	3,500	4,000	12,250	8,000
Charge-offs	(2,165)	(640)	(4,531)	(1,356)
Recoveries	411	351	882	887
Balance, end of period	157,218	140,489	157,218	140,489
Single Family - Mortgage & Warehouse
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	18,039	25,329	19,670	26,604
Provision (benefit) for credit losses - loans	1,878	182	236	(1,169)
Charge-offs	(294)	0	(298)	0
Recoveries	8	69	23	145
Balance, end of period	19,631	25,580	19,631	25,580
Multifamily and Commercial Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	14,649	13,359	14,655	13,146
Provision (benefit) for credit losses - loans	808	269	802	305
Charge-offs	0	0	0	0
Recoveries	0	0	0	177
Balance, end of period	15,457	13,628	15,457	13,628
Commercial Real Estate
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	73,776	65,223	69,339	57,928
Provision (benefit) for credit losses - loans	(1,608)	2,358	2,829	9,653
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Balance, end of period	72,168	67,581	72,168	67,581
Commercial & Industrial - Non-RE
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	34,383	22,519	30,808	28,460
Provision (benefit) for credit losses - loans	1,655	170	5,212	(5,476)
Charge-offs	0	0	0	(322)
Recoveries	0	27	18	54
Balance, end of period	36,038	22,716	36,038	22,716
Auto & Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	14,595	10,007	14,114	6,519
Provision (benefit) for credit losses - loans	776	1,299	3,181	4,925
Charge-offs	(1,871)	(640)	(4,233)	(1,034)
Recoveries	403	255	841	511
Balance, end of period	13,903	10,921	13,903	10,921
Other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	30	341	31	301
Provision (benefit) for credit losses - loans	(9)	(278)	(10)	(238)
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Balance, end of period	$ 21	$ 63	$ 21	$ 63

LOANS & ALLOWANCE FOR CREDIT _5

LOANS & ALLOWANCE FOR CREDIT LOSSES - NONACCRUAL LOANS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	$ 94,988	$ 118,194
Nonaccrual loans to total loans (as a percent)	0.61%	0.83%
Single Family - Mortgage & Warehouse
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	$ 39,043	$ 66,424
Multifamily and Commercial Mortgage
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	35,275	33,410
Commercial Real Estate
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	14,852	14,852
Commercial & Industrial - Non-RE
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	2,989	2,989
Auto & Consumer
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	1,447	439
Other
Financing Receivable, Nonaccrual [Line Items]
Financing receivable, nonaccrual	$ 1,382	$ 80

LOANS & ALLOWANCE FOR CREDIT _6

LOANS & ALLOWANCE FOR CREDIT LOSSES - NARRATIVE (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($)	Jun. 30, 2022 USD ($) loan
Financing Receivable, Impaired [Line Items]
Mortgage loans in process of foreclosure, amount	$ 23,600,000		$ 23,600,000		$ 20,700,000
Nonaccrual
Financing Receivable, Impaired [Line Items]
Interest income recognized on nonaccrual loans	$ 0	$ 0	$ 0	$ 0
Ratio of nonaccrual loans and leases considered TDRs	1.39%		1.39%		1.18%
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	41.10%		41.10%
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	Dec. 31, 2022	Jun. 30, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 15,649,494	$ 14,253,676
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,988,955	3,988,462
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,050,128	2,877,680
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,762,049	4,781,044
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,208,945	2,028,128
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	632,183	567,228
Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total	7,234	11,134
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	15,554,506	14,135,482
Performing | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,949,912	3,922,038
Performing | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,014,853	2,844,270
Performing | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,747,197	4,766,192
Performing | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,205,956	2,025,139
Performing | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	630,736	566,789
Performing | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,852	11,054
Nonaccrual
Financing Receivable, Credit Quality Indicator [Line Items]
Total	94,988	118,194
Nonaccrual | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Total	39,043	66,424
Nonaccrual | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	35,275	33,410
Nonaccrual | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	14,852	14,852
Nonaccrual | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,989	2,989
Nonaccrual | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,447	439
Nonaccrual | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,382	$ 80

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	Dec. 31, 2022	Jun. 30, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	$ 2,036,774	$ 5,761,527
2022 (2021 prior year)	5,765,499	2,409,989
2021 (2020 prior year)	2,140,785	1,337,143
2020 (2019 prior year)	1,057,520	914,995
2019 (2018 prior year)	699,800	610,690
Prior	1,308,844	946,625
Revolving Loans	2,640,272	2,272,707
Total	$ 15,649,494	$ 14,253,676
As a % of total gross loans
2023 (2022 prior year)	13.02%	40.42%
2022 (2021 prior year)	36.84%	16.91%
2021 (2020 prior year)	13.68%	9.38%
2020 (2019 prior year)	6.76%	6.42%
2019 (2018 prior year)	4.47%	4.28%
Prior	8.36%	6.64%
Revolving Loans	16.87%	15.95%
Total	100%	100%
Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	$ 464,448	$ 1,484,027
2022 (2021 prior year)	1,390,813	602,342
2021 (2020 prior year)	557,250	411,430
2020 (2019 prior year)	378,835	324,911
2019 (2018 prior year)	284,065	289,328
Prior	769,527	595,862
Revolving Loans	144,017	280,562
Total	3,988,955	3,988,462
Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	357,936	1,001,019
2022 (2021 prior year)	995,137	575,258
2021 (2020 prior year)	531,012	464,124
2020 (2019 prior year)	429,258	269,313
2019 (2018 prior year)	249,612	226,856
Prior	487,173	341,110
Revolving Loans	0	0
Total	3,050,128	2,877,680
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	901,296	2,482,366
2022 (2021 prior year)	2,687,557	1,023,238
2021 (2020 prior year)	927,593	383,135
2020 (2019 prior year)	190,734	221,330
2019 (2018 prior year)	134,437	67,265
Prior	33,852	0
Revolving Loans	886,580	603,710
Total	5,762,049	4,781,044
Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	149,777	438,229
2022 (2021 prior year)	384,914	94,585
2021 (2020 prior year)	34,549	34,783
2020 (2019 prior year)	25,647	62,118
2019 (2018 prior year)	3,879	9,978
Prior	504	0
Revolving Loans	1,609,675	1,388,435
Total	2,208,945	2,028,128
Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	162,804	352,829
2022 (2021 prior year)	305,078	108,381
2021 (2020 prior year)	87,239	43,625
2020 (2019 prior year)	33,046	37,323
2019 (2018 prior year)	27,807	16,172
Prior	16,209	8,898
Revolving Loans	0	0
Total	632,183	567,228
Other
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	513	3,057
2022 (2021 prior year)	2,000	6,185
2021 (2020 prior year)	3,142	46
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	1,091
Prior	1,579	755
Revolving Loans	0	0
Total	7,234	11,134
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	2,036,657	5,756,965
2022 (2021 prior year)	5,717,048	2,340,720
2021 (2020 prior year)	2,041,786	1,259,387
2020 (2019 prior year)	989,651	848,900
2019 (2018 prior year)	653,033	554,060
Prior	1,195,847	874,328
Revolving Loans	2,638,311	2,232,772
Total	15,272,333	13,867,132
Pass | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	464,448	1,484,027
2022 (2021 prior year)	1,386,160	600,054
2021 (2020 prior year)	555,289	402,712
2020 (2019 prior year)	363,250	303,999
2019 (2018 prior year)	264,688	279,248
Prior	718,860	548,703
Revolving Loans	143,354	241,925
Total	3,896,049	3,860,668
Pass | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	357,936	999,819
2022 (2021 prior year)	982,288	569,486
2021 (2020 prior year)	519,340	429,247
2020 (2019 prior year)	395,827	259,161
2019 (2018 prior year)	238,903	219,548
Prior	454,957	316,013
Revolving Loans	0	0
Total	2,949,251	2,793,274
Pass | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	901,296	2,482,366
2022 (2021 prior year)	2,669,607	990,887
2021 (2020 prior year)	844,296	358,422
2020 (2019 prior year)	179,916	186,800
2019 (2018 prior year)	118,000	28,758
Prior	4,000	0
Revolving Loans	885,282	602,412
Total	5,602,397	4,649,645
Pass | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	149,777	435,228
2022 (2021 prior year)	373,451	66,226
2021 (2020 prior year)	34,549	25,629
2020 (2019 prior year)	17,809	61,932
2019 (2018 prior year)	3,879	9,268
Prior	504	0
Revolving Loans	1,609,675	1,388,435
Total	2,189,644	1,986,718
Pass | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	162,687	352,468
2022 (2021 prior year)	303,542	107,882
2021 (2020 prior year)	86,643	43,377
2020 (2019 prior year)	32,849	37,008
2019 (2018 prior year)	27,563	16,147
Prior	16,124	8,891
Revolving Loans	0	0
Total	629,408	565,773
Pass | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	513	3,057
2022 (2021 prior year)	2,000	6,185
2021 (2020 prior year)	1,669	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	1,091
Prior	1,402	721
Revolving Loans	0	0
Total	5,584	11,054
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	27	1,417
2022 (2021 prior year)	22,977	32,539
2021 (2020 prior year)	39,021	17,486
2020 (2019 prior year)	24,444	19,827
2019 (2018 prior year)	18,269	19,835
Prior	36,618	11,940
Revolving Loans	663	38,637
Total	142,019	141,681
Special Mention | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	4,104	0
2021 (2020 prior year)	956	4,790
2020 (2019 prior year)	11,610	2,505
2019 (2018 prior year)	14,042	4,125
Prior	21,554	10,971
Revolving Loans	663	38,637
Total	52,929	61,028
Special Mention | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	1,200
2022 (2021 prior year)	9,704	0
2021 (2020 prior year)	5,935	534
2020 (2019 prior year)	1,973	539
2019 (2018 prior year)	3,259	0
Prior	0	968
Revolving Loans	0	0
Total	20,871	3,241
Special Mention | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	32,351
2021 (2020 prior year)	31,573	12,138
2020 (2019 prior year)	10,818	16,487
2019 (2018 prior year)	950	15,000
Prior	15,000	0
Revolving Loans	0	0
Total	58,341	75,976
Special Mention | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	13
2022 (2021 prior year)	8,474	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	186
2019 (2018 prior year)	0	710
Prior	0	0
Revolving Loans	0	0
Total	8,474	909
Special Mention | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	27	204
2022 (2021 prior year)	695	188
2021 (2020 prior year)	289	24
2020 (2019 prior year)	43	110
2019 (2018 prior year)	18	0
Prior	64	1
Revolving Loans	0	0
Total	1,136	527
Special Mention | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	268	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	268	0
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	90	3,145
2022 (2021 prior year)	25,474	36,730
2021 (2020 prior year)	59,978	60,270
2020 (2019 prior year)	43,425	46,268
2019 (2018 prior year)	28,498	36,795
Prior	76,379	60,357
Revolving Loans	1,298	1,298
Total	235,142	244,863
Substandard | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	549	2,288
2021 (2020 prior year)	1,005	3,928
2020 (2019 prior year)	3,975	18,407
2019 (2018 prior year)	5,335	5,955
Prior	29,113	36,188
Revolving Loans	0	0
Total	39,977	66,766
Substandard | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	3,145	5,772
2021 (2020 prior year)	5,737	34,343
2020 (2019 prior year)	31,458	9,613
2019 (2018 prior year)	7,450	7,308
Prior	32,216	24,129
Revolving Loans	0	0
Total	80,006	81,165
Substandard | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	17,950	0
2021 (2020 prior year)	51,724	12,575
2020 (2019 prior year)	0	18,043
2019 (2018 prior year)	15,487	23,507
Prior	14,852	0
Revolving Loans	1,298	1,298
Total	101,311	55,423
Substandard | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	2,988
2022 (2021 prior year)	2,989	28,359
2021 (2020 prior year)	0	9,154
2020 (2019 prior year)	7,838	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	10,827	40,501
Substandard | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	90	157
2022 (2021 prior year)	841	311
2021 (2020 prior year)	307	224
2020 (2019 prior year)	154	205
2019 (2018 prior year)	226	25
Prior	21	6
Revolving Loans	0	0
Total	1,639	928
Substandard | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	1,205	46
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	177	34
Revolving Loans	0	0
Total	1,382	80
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Single Family - Mortgage & Warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Multifamily and Commercial Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Commercial & Industrial - Non-RE
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Auto & Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Other
Financing Receivable, Credit Quality Indicator [Line Items]
2023 (2022 prior year)	0	0
2022 (2021 prior year)	0	0
2021 (2020 prior year)	0	0
2020 (2019 prior year)	0	0
2019 (2018 prior year)	0	0
Prior	0	0
Revolving Loans	0	0
Total	$ 0	$ 0

LOANS & ALLOWANCE FOR CREDIT _9

LOANS & ALLOWANCE FOR CREDIT LOSSES - PAST DUE LOANS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Financing Receivable, Past Due [Line Items]
Total	$ 15,649,494	$ 14,253,676
Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	3,988,955	3,988,462
Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	3,050,128	2,877,680
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	5,762,049	4,781,044
Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	632,183	567,228
Other
Financing Receivable, Past Due [Line Items]
Total	7,234	11,134
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	$ 32,944	$ 19,900
As a % of total gross loans	0.21%	0.14%
30-59 Days Past Due | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 20,731	$ 5,167
30-59 Days Past Due | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	4,860	9,455
30-59 Days Past Due | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	0
30-59 Days Past Due | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	5,353	4,865
30-59 Days Past Due | Other
Financing Receivable, Past Due [Line Items]
Total	2,000	413
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	$ 19,956	$ 19,494
As a % of total gross loans	0.13%	0.14%
60-89 Days Past Due | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 9,432	$ 1,518
60-89 Days Past Due | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	8,229	2,115
60-89 Days Past Due | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	0	14,852
60-89 Days Past Due | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	1,278	1,009
60-89 Days Past Due | Other
Financing Receivable, Past Due [Line Items]
Total	1,017	0
90+ Days Past Due
Financing Receivable, Past Due [Line Items]
Total	$ 82,819	$ 90,501
As a % of total gross loans	0.53%	0.63%
90+ Days Past Due | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 37,421	$ 63,286
90+ Days Past Due | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	29,548	26,556
90+ Days Past Due | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	14,852	0
90+ Days Past Due | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	821	466
90+ Days Past Due | Other
Financing Receivable, Past Due [Line Items]
Total	177	193
Total
Financing Receivable, Past Due [Line Items]
Total	$ 135,719	$ 129,895
As a % of total gross loans	0.87%	0.91%
Total | Single Family - Mortgage & Warehouse
Financing Receivable, Past Due [Line Items]
Total	$ 67,584	$ 69,971
Total | Multifamily and Commercial Mortgage
Financing Receivable, Past Due [Line Items]
Total	42,637	38,126
Total | Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total	14,852	14,852
Total | Auto & Consumer
Financing Receivable, Past Due [Line Items]
Total	7,452	6,340
Total | Other
Financing Receivable, Past Due [Line Items]
Total	$ 3,194	$ 606

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
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Balance, beginning of period	$ 10,973	$ 7,723	$ 10,973	$ 5,723
Provision for Credit Losses	(499)	1,000	(499)	3,000
Balance, end of period	$ 10,474	$ 8,723	$ 10,474	$ 8,723

EQUITY AND STOCK-BASED COMPEN_3

EQUITY AND STOCK-BASED COMPENSATION - NARRATIVE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
A2014 Stock Incentive Plan
Stock Award Compensation Expense
Share-based compensation arrangement by share-based payment award, number of shares available for grant	1,650,944		1,650,944
RSUs
Stock Award Compensation Expense
Unrecognized compensation expense	$ 42,400		$ 42,400
Total fair value of shares vested in the period	$ 100	$ 300	$ 12,100	$ 14,800
Share-based compensation arrangement by share-based payment award, equity instruments other than options, outstanding, weighted average remaining contractual terms			1 year 2 months 12 days

EQUITY AND STOCK-BASED COMPEN_4

EQUITY AND STOCK-BASED COMPENSATION - UNRECOGNIZED COMPENSATION EXPENSE RELATED TO NON-VESTED AWARDS (Details) - RSUs $ in Thousands	Dec. 31, 2022 USD ($)
Stock Award Compensation Expense
Unrecognized compensation expense	$ 42,400
Remainder of fiscal year 2023	11,973
2024	18,856
2025	9,293
2026	1,926
2027	400
Total	$ 42,448

EQUITY AND STOCK-BASED COMPEN_5

EQUITY AND STOCK-BASED COMPENSATION - CHANGES IN RESTRICTED STOCK UNIT GRANTS (Details) - RSUs	6 Months Ended
	Dec. 31, 2022 $ / shares shares
Restricted Stock Units
Non-vested balance, beginning (in shares) | shares	1,350,763
Granted (in shares) | shares	407,632
Vested (in shares) | shares	(293,869)
Forfeited (in shares) | shares	(39,444)
Non-vested balance, ending (in shares) | shares	1,425,082
Weighted-Average Grant-Date Fair Value
Non-vested balance, beginning (in dollars per share) | $ / shares	$ 41.16
Granted (in dollars per share) | $ / shares	39.03
Vested (in dollars per share) | $ / shares	31.89
Forfeited (in dollars per share) | $ / shares	40.88
Non-vested balance, ending (in dollars per share) | $ / shares	$ 42.47

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Common Share
Net income	$ 81,552	$ 60,787	$ 139,959	$ 120,997
Average common shares outstanding (in shares)	59,999,573	59,496,489	59,927,078	59,443,667
Basic earnings per common share (in dollars per share)	$ 1.36	$ 1.02	$ 2.34	$ 2.04
Diluted Earnings Per Common Share
Net income	$ 81,552	$ 60,787	$ 139,959	$ 120,997
Average common shares issued and outstanding (in shares)	59,999,573	59,496,489	59,927,078	59,443,667
Total dilutive common shares outstanding (in shares)	60,514,635	60,755,981	60,540,353	60,749,383
Diluted earnings per common share (in dollars per share)	$ 1.35	$ 1	$ 2.31	$ 1.99
RSUs
Diluted Earnings Per Common Share
Dilutive effect of average unvested RSUs (in shares)	515,062	1,259,492	613,275	1,305,716

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - SCHEDULE OF MATURITIES OF LEASE LIABILITIES (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of fiscal year 2023	$ 5,450
2024	10,976
2025	11,143
2026	10,811
2027	10,870
Thereafter	29,177
Total lease payments	78,427
Less: amount representing interest	(7,569)
Total Lease Liability	$ 70,858

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details)		1 Months Ended	3 Months Ended
	Dec. 31, 2022 USD ($) derivativeAction	Dec. 31, 2015 derivativeAction	Dec. 31, 2022 USD ($) derivativeAction	Aug. 10, 2017 derivativeAction
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loss contingency, new derivative actions filed | derivativeAction	2	2
Loss contingency, number of pending derivative actions | derivativeAction				6
Loss contingency, number of pending derivative actions to be consolidated | derivativeAction	6		6
MUFG Union Bank v. Axos Bank
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Litigation amount awarded to third party			$ 16,000,000
Accrued litigation expense	$ 16,000,000		16,000,000
Loan Origination Commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment	3,049,600,000		3,049,600,000
Loan Origination Commitments | Sales commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, commitment	4,600,000		4,600,000
Loan Origination Commitments | Fixed Interest Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment	$ 93,300,000		$ 93,300,000
Weighted average fixed interest rate on commitments to extend credit	9.45%		9.45%
Loan Origination Commitments | Fixed Interest Rate | Sales commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, commitment	$ 4,600,000		$ 4,600,000
Loan Origination Commitments | Variable Interest Rate
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, loan origination commitment	2,956,400,000		2,956,400,000
Loan Origination Commitments | Variable Interest Rate | Sales commitment
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet, commitment	$ 0		$ 0

SEGMENT REPORTING AND REVENUE_3

SEGMENT REPORTING AND REVENUE INFORMATION (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)	Jun. 30, 2022 USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment			2
Segment Reporting Information [Line Items]
Net interest income	$ 199,910	$ 145,568	$ 380,385	$ 292,210
Provision for credit losses	3,500	4,000	12,250	8,000
Non-interest income	28,329	30,787	55,537	57,489
Non-interest expense	107,528	86,019	223,615	170,450
Income before taxes	117,211	86,336	200,057	171,249
Goodwill	97,673		97,673		$ 95,674
Total Assets	18,741,035		18,741,035		17,401,165
Operating segments | Banking Business
Segment Reporting Information [Line Items]
Net interest income	198,545	142,259	378,275	284,500
Provision for credit losses	3,500	4,000	12,250	8,000
Non-interest income	10,557	16,295	21,269	31,123
Non-interest expense	96,284	62,449	197,080	125,174
Income before taxes	109,318	92,105	190,214	182,449
Goodwill	35,721		35,721		35,721
Total Assets	17,893,083		17,893,083		16,002,714
Operating segments | Securities Business
Segment Reporting Information [Line Items]
Net interest income	4,876	4,506	9,151	10,682
Provision for credit losses	0	0	0	0
Non-interest income	36,004	16,454	65,169	29,560
Non-interest expense	25,271	21,654	49,786	40,927
Income before taxes	15,609	(694)	24,534	(685)
Goodwill	61,952		61,952		59,953
Total Assets	805,243		805,243		1,328,558
Corporate/Eliminations
Segment Reporting Information [Line Items]
Net interest income	(3,511)	(1,197)	(7,041)	(2,972)
Provision for credit losses	0	0	0	0
Non-interest income	(18,232)	(1,962)	(30,901)	(3,194)
Non-interest expense	(14,027)	1,916	(23,251)	4,349
Income before taxes	(7,716)	$ (5,075)	(14,691)	$ (10,515)
Goodwill	0		0		0
Total Assets	$ 42,709		$ 42,709		$ 69,893

SEGMENT REPORTING AND REVENUE_4

SEGMENT REPORTING AND REVENUE INFORMATION - NON-INTEREST INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting [Abstract]
Advisory fee income	$ 6,983	$ 8,035	$ 13,942	$ 13,339
Broker-dealer clearing fees	4,425	5,343	9,658	11,013
Deposit service fees	2,202	2,406	3,308	3,032
Card fees	2,144	957	2,933	1,964
Bankruptcy trustee and fiduciary service fees	2,167	1,068	2,940	1,848
Non-interest income (in-scope Topic 606)	17,921	17,809	32,781	31,196
Non-interest income (out-of-scope Topic 606)	10,408	12,978	22,756	26,293
Total non-interest income	$ 28,329	$ 30,787	$ 55,537	$ 57,489