Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Mar. 31, 2016 | May. 06, 2016 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | KRNY | |
Entity Registrant Name | Kearny Financial Corp. | |
Entity Central Index Key | 1,617,242 | |
Current Fiscal Year End Date | --06-30 | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 93,528,092 |
CONSOLIDATED STATEMENTS OF FINA
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Assets | ||
Cash and amounts due from depository institutions | $ 20,372 | $ 15,529 |
Interest-bearing deposits in other banks | 94,584 | 324,607 |
Cash and cash equivalents | 114,956 | 340,136 |
Debt securities available for sale (amortized cost $402,421 and $422,903) | 388,068 | 420,660 |
Mortgage-backed securities available for sale (amortized cost $291,817 and $344,523) | 297,719 | 346,619 |
Securities available for sale | 685,787 | 767,279 |
Debt securities held to maturity (fair value $168,850 and $218,366) | 167,144 | 219,862 |
Mortgage-backed securities held to maturity (fair value $434,334 and $445,501) | 425,286 | 443,479 |
Securities held to maturity | 592,430 | 663,341 |
Loans receivable, including unamortized yield adjustments of $2,834 and $316 | 2,720,069 | 2,102,864 |
Less allowance for loan losses | (23,010) | (15,606) |
Net loans receivable | 2,697,059 | 2,087,258 |
Premises and equipment | 38,598 | 39,180 |
Federal Home Loan Bank of New York ("FHLB") stock | 29,670 | 27,468 |
Accrued interest receivable | 11,626 | 9,873 |
Goodwill | 108,591 | 108,591 |
Bank owned life insurance | 174,642 | 170,452 |
Deferred income tax assets, net | 27,340 | 17,827 |
Other assets | 5,310 | 5,782 |
Total Assets | 4,486,009 | 4,237,187 |
Liabilities | ||
Deposits: Non-interest-bearing | 226,700 | 218,533 |
Deposits: Interest-bearing | 2,434,073 | 2,247,117 |
Total deposits | 2,660,773 | 2,465,650 |
Borrowings | 618,320 | 571,499 |
Advance payments by borrowers for taxes | 8,141 | 9,043 |
Other liabilities | 34,029 | 23,620 |
Total Liabilities | $ 3,321,263 | $ 3,069,812 |
Stockholders' Equity | ||
Preferred stock, $0.01 par value, 100,000,000 shares authorized; none issued and outstanding | ||
Common stock, $0.01 par value; 800,000,000 shares authorized; 93,528,092 shares issued and outstanding | $ 935 | $ 935 |
Paid-in capital | 871,156 | 870,480 |
Retained earnings | 347,717 | 342,148 |
Unearned employee stock ownership plan shares; 3,813,253 shares and 3,963,776 shares, respectively | (36,968) | (38,427) |
Accumulated other comprehensive loss, net | (18,094) | (7,761) |
Total Stockholders' Equity | 1,164,746 | 1,167,375 |
Total Liabilities and Stockholders' Equity | $ 4,486,009 | $ 4,237,187 |
CONSOLIDATED STATEMENTS OF FIN3
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Statement Of Financial Position [Abstract] | ||
Securities available for sale, Amortized cost | $ 402,421 | $ 422,903 |
Mortgage-backed securities available for sale, amortized cost | 291,817 | 344,523 |
Securities held to maturity, estimated fair value | 168,850 | 218,366 |
Mortgage-backed securities held to maturity, fair value disclosure | 434,334 | 445,501 |
Loans receivable, unamortized yield adjustments | $ 2,834 | $ 316 |
Preferred stock, par value | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 800,000,000 | 800,000,000 |
Common stock, shares issued | 93,528,092 | 93,528,092 |
Common stock, shares outstanding | 93,528,092 | 93,528,092 |
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 3,813,253 | 3,963,776 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Interest Income | ||||
Loans | $ 25,585 | $ 19,240 | $ 72,258 | $ 56,293 |
Mortgage-backed securities | 4,296 | 4,934 | 13,219 | 14,364 |
Debt securities: | ||||
Taxable | 1,988 | 1,838 | 5,729 | 5,365 |
Tax-exempt | 551 | 501 | 1,640 | 1,476 |
Other interest-earning assets | 462 | 356 | 1,275 | 981 |
Total Interest Income | 32,882 | 26,869 | 94,121 | 78,479 |
Interest Expense | ||||
Deposits | 4,932 | 3,953 | 13,533 | 11,771 |
Borrowings | 3,486 | 2,351 | 9,830 | 7,045 |
Total Interest Expense | 8,418 | 6,304 | 23,363 | 18,816 |
Net Interest Income | 24,464 | 20,565 | 70,758 | 59,663 |
Provision for Loan Losses | 2,589 | 1,761 | 8,644 | 4,351 |
Net Interest Income after Provision for Loan Losses | 21,875 | 18,804 | 62,114 | 55,312 |
Non-Interest Income | ||||
Fees and service charges | 794 | 826 | 2,176 | 2,256 |
Gain on sale or call of securities | 2 | 7 | ||
Gain on sale of loans | 156 | 82 | 304 | 91 |
Loss on sale and write down of real estate owned | (48) | (510) | (161) | (656) |
Income from bank owned life insurance | 1,390 | 2,063 | 4,189 | 3,369 |
Electronic banking fees and charges | 244 | 218 | 807 | 760 |
Miscellaneous | 77 | 447 | 199 | 597 |
Total Non-Interest Income | 2,613 | 3,126 | 7,516 | 6,424 |
Non-Interest Expense | ||||
Salaries and employee benefits | 10,459 | 9,817 | 31,465 | 29,481 |
Net occupancy expense of premises | 1,991 | 2,229 | 5,674 | 5,666 |
Equipment and systems | 2,045 | 1,954 | 5,637 | 5,918 |
Advertising and marketing | 539 | 423 | 1,530 | 799 |
Federal deposit insurance premium | 684 | 630 | 2,021 | 1,826 |
Directors' compensation | 225 | 164 | 588 | 525 |
Miscellaneous | 2,710 | 2,175 | 7,824 | 6,468 |
Total Non-Interest Expense | 18,653 | 17,392 | 54,739 | 50,683 |
Income before Income Taxes | 5,835 | 4,538 | 14,891 | 11,053 |
Income taxes | 1,667 | 660 | 3,950 | 2,083 |
Net Income | $ 4,168 | $ 3,878 | $ 10,941 | $ 8,970 |
Net Income per Common Share (EPS) | ||||
Basic | $ 0.05 | $ 0.04 | $ 0.12 | $ 0.10 |
Diluted | $ 0.05 | $ 0.04 | $ 0.12 | $ 0.10 |
Weighted Average Number of Common Shares Outstanding | ||||
Basic | 89,690 | 92,595 | 89,640 | 92,530 |
Diluted | 89,724 | 92,614 | 89,672 | 92,688 |
Dividends Declared Per Common Share | $ 0.02 | $ 0.06 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Net Income | $ 4,168 | $ 3,878 | $ 10,941 | $ 8,970 |
Other Comprehensive Loss: | ||||
Net unrealized (loss) gain on securities available for sale, net of deferred income tax (benefit) expense of: 2016 $(250), $(3,568); 2015 $1,485, $1,310 | (181) | 2,176 | (4,735) | 2,315 |
Net gain (loss) on securities transferred from available for sale to held to maturity, net of deferred income tax expense (benefit) of: 2016 $15, $13; 2015 $(9), $(9) | 23 | (13) | 19 | (11) |
Net realized gain on securities available for sale, net of income tax expense of: 2016 $0, $0; 2015 $0, $(3) | (4) | |||
Fair value adjustments on derivatives, net of deferred income tax expense (benefit) of: 2016 $(3,238), $(3,529); 2015 $(2,836), $(4,198) | (4,687) | (4,107) | (5,111) | (6,079) |
Benefit plan adjustments, net of deferred income tax expense (benefit) of: 2016 $7, $(350); 2015 $8, $(124) | 11 | 11 | (506) | (182) |
Total Other Comprehensive Loss | (4,834) | (1,933) | (10,333) | (3,961) |
Total Comprehensive (Loss) Income | $ (666) | $ 1,945 | $ 608 | $ 5,009 |
CONSOLIDATED STATEMENTS OF COM6
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Deferred income tax (benefit) expense, Unrealized loss on securities available for sale arising during the period | $ (250) | $ 1,485 | $ (3,568) | $ 1,310 |
Deferred income tax expense (benefit) , Net gain (loss) on securities transferred from available for sale to held to maturity | 15 | (9) | 13 | (9) |
Income tax expense, Realized gain on securities available for sale | 0 | 0 | 0 | (3) |
Deferred income tax expense (benefit), Fair value adjustments on derivatives | (3,238) | (2,836) | (3,529) | (4,198) |
Deferred tax expense (benefit), Benefit plans | $ 7 | $ 8 | $ (350) | $ (124) |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Common Stock Outstanding [Member] | Paid-in Capital [Member] | Retained Earnings [Member] | Unearned ESOP Shares [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Loss [Member] |
Balance (in value) at Jun. 30, 2014 | $ 494,676 | $ 7,378 | $ 231,870 | $ 336,355 | $ (3,879) | $ (74,768) | $ (2,280) |
Balance (in shares) at Jun. 30, 2014 | 92,857,000 | ||||||
Net Income | 8,970 | 8,970 | |||||
Other comprehensive loss, net of income tax | (3,961) | (3,961) | |||||
ESOP shares committed to be released | 1,546 | 455 | 1,091 | ||||
Stock option expense | 124 | 124 | |||||
Treasury stock reissued for stock option exercises (in value) | 1,365 | 132 | 1,233 | ||||
Treasury stock reissued for stock option exercises (in shares) | 148,000 | ||||||
Restricted stock plan shares earned (in value) | 209 | 209 | |||||
Settlement of stock options with cash in lieu of shares, value | (7,188) | (7,188) | |||||
Balance (in value) at Mar. 31, 2015 | 495,741 | $ 7,378 | 225,602 | 345,325 | (2,788) | $ (73,535) | (6,241) |
Balance (in shares) at Mar. 31, 2015 | 93,005,000 | ||||||
Balance (in value) at Jun. 30, 2015 | $ 1,167,375 | $ 935 | 870,480 | 342,148 | (38,427) | (7,761) | |
Balance (in shares) at Jun. 30, 2015 | 93,528,092 | 93,528,000 | |||||
Net Income | $ 10,941 | 10,941 | |||||
Other comprehensive loss, net of income tax | (10,333) | (10,333) | |||||
ESOP shares committed to be released | 1,794 | 335 | 1,459 | ||||
Stock option expense | 126 | 126 | |||||
Restricted stock plan shares earned (in value) | 215 | 215 | |||||
Cash dividend declared | (5,372) | (5,372) | |||||
Balance (in value) at Mar. 31, 2016 | $ 1,164,746 | $ 935 | $ 871,156 | $ 347,717 | $ (36,968) | $ (18,094) | |
Balance (in shares) at Mar. 31, 2016 | 93,528,092 | 93,528,000 |
CONSOLIDATED STATEMENTS OF CHA8
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares shares in Thousands | 9 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Statement Of Stockholders Equity [Abstract] | ||
ESOP shares committed to be released, shares | 150 | 149 |
Restricted stock plan shares earned, shares | 25 | 25 |
Dividends Declared Per Common Share | $ 0.06 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 9 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash Flows from Operating Activities: | ||
Net Income | $ 10,941 | $ 8,970 |
Adjustment to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization of premises and equipment | 2,241 | 2,210 |
Net amortization of premiums, discounts and loan fees and costs | 3,287 | 1,709 |
Deferred income taxes | (2,079) | 1,272 |
Realized gain on bargain purchase | (370) | |
Amortization of intangible assets | 126 | 124 |
Amortization of benefit plans’ unrecognized net (gain) loss | 55 | 57 |
Provision for loan losses | 8,644 | 4,351 |
Loss on write-down and sales of real estate owned | 161 | 656 |
Realized gain on sale of loans | (304) | (91) |
Proceeds from sale of loans | 3,650 | 1,089 |
Realized loss on sale of debt securities available for sale | 594 | |
Realized gain on call of debt securities held to maturity | (2) | |
Realized gain on sale of mortgage-backed securities available for sale | (601) | |
Realized gain on disposition of premises and equipment | (14) | (13) |
Increase in cash surrender value of bank owned life insurance | (4,189) | (1,936) |
ESOP, stock option plan and restricted stock plan expenses | 2,135 | 1,879 |
Increase in interest receivable | (1,753) | (675) |
Decrease (increase) in other assets | 405 | (6,673) |
Increase in interest payable | 216 | 20 |
Increase in other liabilities | 958 | 12,451 |
Net Cash Provided by Operating Activities | 24,478 | 25,023 |
Cash Flows from Investing Activities: | ||
Purchase of debt securities available for sale | (52,528) | |
Proceeds from maturities of debt securities available for sale | 20,000 | |
Proceeds from sale of debt securities available for sale | 39,444 | |
Proceeds from repayments of debt securities available for sale | 558 | 516 |
Purchases of mortgage-backed securities available for sale | (10,384) | |
Principal repayments on mortgage-backed securities available for sale | 51,787 | 58,520 |
Proceeds from sale of mortgage-backed securities available for sale | 17,780 | |
Purchase of debt securities held to maturity | (10,824) | (7,696) |
Proceeds from calls and maturities of debt securities held to maturity | 63,377 | 4,857 |
Proceeds from repayments of debt securities held to maturity | 167 | |
Purchases of mortgage-backed securities held to maturity | (17,550) | (35,296) |
Principal repayments on mortgage-backed securities held to maturity | 34,206 | 30,383 |
Purchase of loans | (332,141) | (161,666) |
Net increase in loans receivable | (292,115) | (94,174) |
Proceeds from sale of real estate owned | 1,225 | 1,047 |
Additions to premises and equipment | (1,659) | (1,769) |
Proceeds from cash settlement of premises and equipment | 14 | 49 |
Purchase of FHLB stock | (2,475) | (11,430) |
Redemption of FHLB stock | 273 | 5,539 |
Proceeds from repayment of BOLI cash surrender value | 933 | |
Adjustment to cash acquired in merger | 53 | |
Net Cash Used in Investing Activities | (485,324) | (215,655) |
Cash Flows from Financing Activities: | ||
Net increase in deposits | 195,104 | 25,234 |
Repayment of term FHLB advances | (1,226,073) | (1,053,070) |
Proceeds from term FHLB advances | 1,275,000 | 1,225,000 |
Net change in overnight borrowings | (17,000) | |
(Decrease) increase in other short-term borrowings | (2,091) | 2,408 |
Decrease in advance payments by borrowers for taxes | (902) | (195) |
Issuance of common stock of Kearny Financial Corp. from treasury | 1,365 | |
Cash dividends paid | (5,372) | |
Payment of cash for exercise of stock options | (7,188) | |
Net Cash Provided by Financing Activities | 235,666 | 176,554 |
Net Decrease in Cash and Cash Equivalents | (225,180) | (14,078) |
Cash and Cash Equivalents - Beginning | 340,136 | 135,034 |
Cash and Cash Equivalents - Ending | 114,956 | 120,956 |
Cash paid during the year for: | ||
Income taxes, net of refunds | 5,504 | 1,825 |
Interest | 23,147 | 18,744 |
Non-cash investing and financing activities: | ||
Acquisition of real estate owned in settlement of loans | $ 1,920 | 1,465 |
Fair value of assets acquired, net of cash and cash equivalents acquired | $ 317 |
Principles of Consolidation
Principles of Consolidation | 9 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
Principles of Consolidation | 1. PRINCIPLES OF CONSOLIDATION The unaudited consolidated financial statements include the accounts of Kearny Financial Corp. (the “Company”), its wholly-owned subsidiary, Kearny Bank (the “Bank”) and the Bank’s wholly-owned subsidiaries, CJB Investment Corp. and KFS Financial Services, Inc. and its wholly-owned subsidiary, KFS Insurance Services, Inc. The Company conducts its business principally through the Bank. Management prepared the unaudited consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”), including the elimination of all significant inter-company accounts and transactions during consolidation. |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
Basis of Presentation | 2. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and Regulation S-X and do not include information or footnotes necessary for a complete presentation of financial condition, income, comprehensive income, changes in stockholders’ equity and cash flows in conformity with GAAP. However, in the opinion of management, all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of the unaudited consolidated financial statements have been included. The results of operations for the three-month and nine-month periods ended March 31, 2016, are not necessarily indicative of the results that may be expected for the entire fiscal year or any other period. The data in the consolidated statement of financial condition for June 30, 2015 was derived from the Company’s 2015 annual report on Form 10-K. That data, along with the interim unaudited financial information presented in the consolidated statements of financial condition, income, comprehensive income, changes in stockholders’ equity and cash flows should be read in conjunction with the audited consolidated financial statements, including the notes thereto, included in the Company’s 2015 annual report on Form 10-K. |
Net Income Per Common Share ("E
Net Income Per Common Share ("EPS") | 9 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Net Income Per Common Share (EPS) | 3. NET INCOME PER COMMON SHARE (“EPS”) Basic EPS is based on the weighted average number of common shares actually outstanding including restricted stock awards adjusted for Employee Stock Ownership Plan (“ESOP”) shares not yet committed to be released. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as outstanding stock options, were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. Diluted EPS is calculated by adjusting the weighted average number of shares of common stock outstanding to include the effect of contracts or securities exercisable or which could be converted into common stock, if dilutive, using the treasury stock method. Shares issued and reacquired during any period are weighted for the portion of the period they were outstanding. The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations: Three Months Ended March 31, 2016 Nine Months Ended March 31, 2016 Income (Numerator) Shares (Denominator) Per Share Amount Income (Numerator) Shares (Denominator) Per Share Amount (In Thousands, Except Per Share Data) (In Thousands, Except Per Share Data) Net income $ 4,168 $ 10,941 Basic earnings per share, income available to common stockholders $ 4,168 89,690 $ 0.05 $ 10,941 89,640 $ 0.12 Effect of dilutive securities: Stock options - 34 - 32 $ 4,168 89,724 $ 0.05 $ 10,941 89,672 $ 0.12 Three Months Ended March 31, 2015 Nine Months Ended March 31, 2015 Income (Numerator) Shares (Denominator) Per Share Amount Income (Numerator) Shares (Denominator) Per Share Amount (In Thousands, Except Per Share Data) (In Thousands, Except Per Share Data) Net income $ 3,878 $ 8,970 Basic earnings per share, income available to common stockholders $ 3,878 92,595 $ 0.04 $ 8,970 92,530 $ 0.10 Effect of dilutive securities: Stock options - 19 - 158 $ 3,878 92,614 $ 0.04 $ 8,970 92,688 $ 0.10 During the three and nine months ended March 31, 2016, the average number of options which were considered anti-dilutive totaled approximately 228,874 and 256,443, respectively. During the three and nine months ended March 31, 2015, the average number of options which were considered anti-dilutive totaled approximately 224,085 and 245,097, respectively. |
Subsequent Events
Subsequent Events | 9 Months Ended |
Mar. 31, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events | 4. SUBSEQUENT EVENTS The Company has evaluated events and transactions occurring subsequent to the statement of financial condition date of March 31, 2016, for items that should potentially be recognized or disclosed in these consolidated financial statements. The evaluation was conducted through the date this document was filed. |
Plan of Conversion and Stock Of
Plan of Conversion and Stock Offering | 9 Months Ended |
Mar. 31, 2016 | |
Plan Of Reorganization [Abstract] | |
Plan of Conversion and Stock Offering | 5. PLAN OF CONVERSION AND STOCK OFFERING On May 18, 2015, the Company completed its second-step conversion and stock offering as outlined in the Plan of Conversion and Reorganization (the “Plan”). Pursuant to the Plan, Kearny MHC converted from the mutual holding company form of organization to the fully public form. Kearny MHC was merged into the prior holding company and no longer exists. The prior holding company was then merged into a new Maryland corporation, also named Kearny Financial Corp., which became the holding company for the Bank. In conjunction with that transaction, the Company sold 71,750,000 shares of its common stock at $10.00 per share, resulting in gross proceeds of $717.5 million. The new shares issued included 3,612,500 shares sold to the Bank’s Employee Stock Ownership Plan (“ESOP”) with an aggregate value of $36.1 million based on the sales price of $10.00 per share. Concurrent with the closing of the transaction, the Company also issued an additional 500,000 shares of its common stock with an aggregate value of $5.0 million and contributed these shares with an additional $5.0 million in cash to the newly established KearnyBank Foundation. The Company recognized direct stock offering costs of approximately $10.7 million in conjunction with the transaction which reduced the net proceeds credited to capital. After adjusting for transaction costs and the value of the shares issued to the Bank’s ESOP, the Company recognized a net increase in equity capital of approximately $670.7 million, of which approximately $353.4 million was contributed to the Bank by the Company as an additional investment in the Bank’s common equity. The outstanding shares held by the Company’s public stockholders immediately prior to the closing of the conversion and stock offering were “exchanged” or converted into 1.3804 shares of the Company’s new common stock. All shares previously held by Kearny MHC, the former mutual holding company, as well as the remaining shares previously repurchased by the Company and held in treasury were cancelled concurrent with the closing of the transaction. As a result of the completion of the second-step conversion and stock offering, all historical share and per share information has been revised to reflect the 1.3804-to-one exchange ratio to support the comparability of information between periods. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 9 Months Ended |
Mar. 31, 2016 | |
Accounting Changes And Error Corrections [Abstract] | |
Recent Accounting Pronouncements | 6. RECENT ACCOUNTING PRONOUNCEMENTS In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-04, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40) Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The purpose of the ASU is to reduce diversity in the application of guidance by clarifying when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. This ASU is effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Adoption of the ASU did not have a significant impact on the Company’s consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The ASU’s core principle is built on the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the exchange of rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which the vendor is entitled. To accomplish this objective, the standard requires five basic steps: i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. For public entities, the guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. The Company is currently evaluating the impact of adopting this ASU on its consolidated financial statements. In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860) Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The purpose of the ASU is to address the concern that current accounting guidance distinguishes between repurchase agreements that settle at the same time as the maturity of the transferred financial asset and those that settle any time before maturity. In particular, repurchase-to-maturity transactions are generally accounted for as sales with forward agreements under current accounting, whereas typical repurchase agreements that settle before the maturity of the transferred financial asset are accounted for as secured borrowings. Additionally, current accounting guidance requires an evaluation of whether an initial transfer of a financial asset and a contemporaneous repurchase agreement (a repurchase financing) should be accounted for separately or linked. If linked, the arrangement is accounted for on a combined basis as a forward agreement. Those outcomes often are referred to as off-balance-sheet accounting. The ASU changes the accounting for repurchase-to-maturity transactions and linked repurchase financings to secured borrowing accounting, which is consistent with the accounting for other repurchase agreements. The amendments also require two new related disclosures. This ASU is effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Adoption of the ASU did not have a significant impact on the Company’s consolidated financial statements. In August 2014, the FASB issued ASU 2014-14, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure. The purpose of the ASU is to address a practice issue related to the classification of certain foreclosed residential and nonresidential mortgage loans that are either fully or partially guaranteed under government programs. Specifically, creditors should reclassify loans that meet certain conditions to "other receivables" upon foreclosure, rather than reclassifying them to other real estate owned (OREO). The separate other receivable recorded upon foreclosure is to be measured based on the amount of the loan balance (principal and interest) the creditor expects to recover from the guarantor. The ASU is effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Adoption of the ASU did not have a significant impact on the Company’s consolidated financial statements. In August 2015, the FASB issued ASU 2015-15, Interest – Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements (Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting). The purpose of the ASU is to codify an SEC staff announcement that entities are permitted to defer and present debt issuance costs related to line-of-credit arrangements as assets. Given the absence of authoritative guidance within Update 2015-03 for debt issuance costs related to line-of-credit arrangements, ASU 2015-15 clarifies that the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The ASU was immediately effective upon its announcement and its adoption did not have a significant impact on the Company’s consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, Business Combination (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. The ASU requires adjustments to provisional amounts that are identified during the measurement period to be recognized in the reporting period in which the adjustment amounts are determined. This includes any effect on earnings of changes in depreciation, amortization, or other income effects as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. In addition, the amendments in the ASU would require an entity to disclose (either on the face of the income statement or in the notes) the nature and amount of measurement-period adjustments recognized in the current period, including separately the amounts in current-period income statement line items that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The amendments are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. The Company is currently evaluating the impact of adopting this ASU on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The ASU requires an entity to: (i) measure equity investments at fair value through net income, with certain exceptions; (ii) present in OCI the changes in instrument-specific credit risk for financial liabilities measured using the fair value option; (iii) present financial assets and financial liabilities by measurement category and form of financial asset; (iv) calculate the fair value of financial instruments for disclosure purposes based on an exit price and; (v) assess a valuation allowance on deferred tax assets related to unrealized losses of AFS debt securities in combination with other deferred tax assets. The Update provides an election to subsequently measure certain nonmarketable equity investments at cost less any impairment and adjusted for certain observable price changes. The Update also requires a qualitative impairment assessment of such equity investments and amends certain fair value disclosure requirements. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this ASU on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The ASU applies a right-of-use (ROU) model that requires a lessee to record, for all leases with a lease term of more than 12 months, an asset representing its right to use the underlying asset and a liability to make lease payments. For leases with a term of 12 months or less, a practical expedient is available whereby a lessee may elect, by class of underlying asset, not to recognize an ROU asset or lease liability. At inception, lessees must classify all leases as either finance or operating based on five criteria. Balance sheet recognition of finance and operating leases is similar, but the pattern of expense recognition in the income statement, as well as the effect on the statement of cash flows, differs depending on the lease classification. The new leases standard requires a lessor to classify leases as either sales-type, direct financing or operating, similar to existing U.S. GAAP. Classification depends on the same five criteria used by lessees plus certain additional factors. The subsequent accounting treatment for all three lease types is substantially equivalent to existing U.S. GAAP for sales-type leases, direct financing leases, and operating leases. However, the new standard updates certain aspects of the lessor accounting model to align it with the new lessee accounting model, as well as with the new revenue standard under Topic 606. Lessees and lessors are required to provide certain qualitative and quantitative disclosures to enable users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The new leases standard addresses other considerations including identification of a lease, separating lease and non-lease components of a contract, sale and leaseback transactions, modifications, combining contracts, reassessment of the lease term, and re-measurement of lease payments. It also contains comprehensive implementation guidance with practical examples.. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this ASU on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-03, Intangibles—Goodwill and Other (Topic 350), Business Combinations (Topic 805), Consolidation (Topic 810), Derivatives and Hedging (Topic 815): Effective Date and Transition Guidance. The ASU removes the effective dates from the private company accounting alternatives for goodwill, intangible assets, consolidation, and derivatives and hedging. This allows private companies to elect the accounting alternatives at any time without a preferability assessment. However, any subsequent change to an accounting policy election would require justification that the change is preferable under Topic 250. The ASU also extends certain favorable transition provisions of the accounting alternatives. The amendments became effective immediately upon issuance of the ASU. Adoption of the ASU did not have a significant impact on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships. The ASU requires an entity to discontinue a designated hedging relationship in certain circumstances, including termination of the derivative hedging instrument or if the entity wishes to change any of the critical terms of the hedging relationship. ASU 2016-05 amends Topic 815 to clarify that novation of a derivative (replacing one of the parties to a derivative instrument with a new party) designated as the hedging instrument would not, in and of itself, be considered a termination of the derivative instrument or a change in critical terms requiring discontinuation of the designated hedging relationship. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this ASU on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-06, Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments. The ASU addresses how an entity should assess whether contingent call (put) options that can accelerate the payment of debt instruments are clearly and closely related to their debt hosts. This assessment is necessary to determine if the option(s) must be separately accounted for as a derivative. The ASU clarifies that an entity is required to assess the embedded call (put) options solely in accordance with a specific four-step decision sequence. This means entities are not also required to assess whether the contingency for exercising the option(s) is indexed to interest rates or credit risk. For example, when evaluating debt instruments puttable upon a change in control, the event triggering the change in control is not relevant to the assessment. Only the resulting settlement of debt is subject to the four-step decision sequence. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this ASU on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The ASU introduces targeted amendments intended to simplify the accounting for stock compensation. Specifically, the ASU requires all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) to be recognized as income tax expense or benefit in the income statement. The tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity also should recognize excess tax benefits, and assess the need for a valuation allowance, regardless of whether the benefit reduces taxes payable in the current period. That is, off balance sheet accounting for net operating losses stemming from excess tax benefits would no longer be required and instead such net operating losses would be recognized when they arise. Existing net operating losses that are currently tracked off balance sheet would be recognized, net of a valuation allowance if required, through an adjustment to opening retained earnings in the period of adoption. Entities will no longer need to maintain and track an “APIC pool.” The ASU also requires excess tax benefits to be classified along with other income tax cash flows as an operating activity in the statement of cash flows. In addition, the ASU elevates the statutory tax withholding threshold to qualify for equity classification up to the maximum statutory tax rates in the applicable jurisdiction(s). The ASU also clarifies that cash paid by an employer when directly withholding shares for tax withholding purposes should be classified as a financing activity. The ASU provides an optional accounting policy election (with limited exceptions), to be applied on an entity-wide basis, to either estimate the number of awards that are expected to vest (consistent with existing U.S. GAAP) or account for forfeitures when they occur. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this ASU on its consolidated financial statements. |
Securities Available for Sale
Securities Available for Sale | 9 Months Ended |
Mar. 31, 2016 | |
Securities Available for Sale [Member] | |
Schedule of Available-for-sale Securities [Line Items] | |
Securities | 7. SECURITIES AVAILABLE FOR SALE The amortized cost, gross unrealized gains and losses and fair values of debt and mortgage-backed securities available for sale at March 31, 2016 and June 30, 2015 and stratification by contractual maturity of debt securities available for sale at March 31, 2016 are presented below: March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities available for sale: Debt securities: U.S. agency securities $ 6,622 $ 120 $ 18 $ 6,724 Obligations of state and political subdivisions 27,495 579 8 28,066 Asset-backed securities 87,718 242 3,564 84,396 Collateralized loan obligations 128,654 - 3,713 124,941 Corporate bonds 143,030 - 6,352 136,678 Trust preferred securities 8,902 14 1,653 7,263 Total debt securities 402,421 955 15,308 388,068 Mortgage-backed securities: Collateralized mortgage obligations: Federal Home Loan Mortgage Corporation 22,882 273 83 23,072 Federal National Mortgage Association 40,740 111 306 40,545 Non-agency securities 129 - 2 127 Total collateralized mortgage obligations 63,751 384 391 63,744 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 1,905 178 1 2,082 Federal Home Loan Mortgage Corporation 132,873 2,840 - 135,713 Federal National Mortgage Association 84,988 2,686 - 87,674 Total residential pass-through securities 219,766 5,704 1 225,469 Commercial pass-through securities: Federal National Mortgage Association 8,300 206 - 8,506 Total commercial pass-through securities 8,300 206 - 8,506 Total mortgage-backed securities 291,817 6,294 392 297,719 Total securities available for sale $ 694,238 $ 7,249 $ 15,700 $ 685,787 March 31, 2016 Amortized Cost Fair Value (In Thousands) Debt securities available for sale: Due in one year or less $ - $ - Due after one year through five years 51,025 49,732 Due after five years through ten years 178,116 171,591 Due after ten years 173,280 166,745 Total $ 402,421 $ 388,068 June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities available for sale: Debt securities: U.S. agency securities $ 7,208 $ 66 $ 11 $ 7,263 Obligations of state and political subdivisions 27,513 26 704 26,835 Asset-backed securities 87,614 879 461 88,032 Collateralized loan obligations 128,624 175 628 128,171 Corporate bonds 163,049 433 874 162,608 Trust preferred securities 8,895 16 1,160 7,751 Total debt securities 422,903 1,595 3,838 420,660 Mortgage-backed securities: Collateralized mortgage obligations: Federal Home Loan Mortgage Corporation 27,392 10 324 27,078 Federal National Mortgage Association 45,522 12 900 44,634 Non-agency securities 167 - 2 165 Total collateralized mortgage obligations 73,081 22 1,226 71,877 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 2,430 225 - 2,655 Federal Home Loan Mortgage Corporation 155,522 2,286 1,358 156,450 Federal National Mortgage Association 102,424 2,749 665 104,508 Total residential pass-through securities 260,376 5,260 2,023 263,613 Commercial pass-through securities: Federal National Mortgage Association 11,066 63 - 11,129 Total commercial pass-through securities 11,066 63 - 11,129 Total mortgage-backed securities 344,523 5,345 3,249 346,619 Total securities available for sale $ 767,426 $ 6,940 $ 7,087 $ 767,279 There were no sales of securities available for sale during three or nine months ended March 31, 2016. There were no sales of securities available for sale during three months ended March 31, 2015. Proceeds from sales of securities available for sale during the nine months ended March 31, 2015 totaled $57.2 million and resulted in gross gains of $601,000 and gross losses of $594,000. At March 31, 2016 and June 30, 2015, securities available for sale with carrying values of approximately $48.0 million and $58.3 million, respectively, were utilized as collateral for borrowings through the FHLB of New York. As of those same dates, securities available for sale with total carrying values of approximately $1.0 million and $1.4 million, respectively, were pledged to secure public funds on deposit. |
Securities Held to Maturity
Securities Held to Maturity | 9 Months Ended |
Mar. 31, 2016 | |
Securities Held to Maturity [Member] | |
Schedule of Held-to-maturity Securities [Line Items] | |
Securities | 8. SECURITIES HELD TO MATURITY The amortized cost, gross unrealized gains and losses and fair values of debt and mortgage-backed securities held to maturity at March 31, 2016 and June 30, 2015 and stratification by contractual maturity of debt securities held to maturity at March 31, 2016 are presented below: March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities held to maturity: Debt securities: U.S. agency securities $ 84,990 $ 14 $ 21 $ 84,983 Obligations of state and political subdivisions 82,154 1,737 24 83,867 Total debt securities 167,144 1,751 45 168,850 Mortgage-backed securities: Collateralized mortgage obligations: Government National Mortgage Association 2,944 7 - 2,951 Federal Home Loan Mortgage Corporation 21,382 34 - 21,416 Federal National Mortgage Association 199 23 - 222 Non-agency securities 36 - 1 35 Total collateralized mortgage obligations 24,561 64 1 24,624 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 8 1 - 9 Federal Home Loan Mortgage Corporation 45,755 261 - 46,016 Federal National Mortgage Association 188,832 2,910 18 191,724 Total residential pass-through securities 234,595 3,172 18 237,749 Commercial pass-through securities: Government National Mortgage Association 9,785 15 - 9,800 Federal National Mortgage Association 156,345 5,816 - 162,161 Total commercial pass-through securities 166,130 5,831 - 171,961 Total mortgage-backed securities 425,286 9,067 19 434,334 Total securities held to maturity $ 592,430 $ 10,818 $ 64 $ 603,184 March 31, 2016 Amortized Cost Fair Value (In Thousands) Debt securities held to maturity: Due in one year or less $ 3,361 $ 3,362 Due after one year through five years 100,664 100,794 Due after five years through ten years 43,079 44,084 Due after ten years 20,040 20,610 Total $ 167,144 $ 168,850 June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities held to maturity: Debt securities: U.S. agency securities $ 143,334 $ - $ 332 $ 143,002 Obligations of state and political subdivisions 76,528 26 1,190 75,364 Total debt securities 219,862 26 1,522 218,366 Mortgage-backed securities: Collateralized mortgage obligations: Federal Home Loan Mortgage Corporation 15,121 5 - 15,126 Federal National Mortgage Association 221 24 - 245 Non-agency securities 42 - 1 41 Total collateralized mortgage obligations 15,384 29 1 15,412 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 8 1 - 9 Federal Home Loan Mortgage Corporation 44,905 16 218 44,703 Federal National Mortgage Association 214,150 1,090 338 214,902 Total residential pass-through securities 259,063 1,107 556 259,614 Commercial pass-through securities: Government National Mortgage Association 10,111 32 - 10,143 Federal National Mortgage Association 158,921 1,639 228 160,332 Total commercial pass-through securities 169,032 1,671 228 170,475 Total mortgage-backed securities 443,479 2,807 785 445,501 Total securities held to maturity $ 663,341 $ 2,833 $ 2,307 $ 663,867 There were no sales of securities held to maturity during the three and nine months ended March 31, 2016 and March 31, 2015. At March 31, 2016 and June 30, 2015, securities held to maturity with carrying values of approximately $126.9 million and $126.9 million, respectively, were utilized as collateral for borrowings from the FHLB of New York. As of those same dates, securities held to maturity with total carrying values of approximately $7.8 million and $7.9 million, respectively, were pledged to secure public funds on deposit. |
Impairment of Securities
Impairment of Securities | 9 Months Ended |
Mar. 31, 2016 | |
Investments Debt And Equity Securities [Abstract] | |
Impairment of Securities | 9. IMPAIRMENT OF SECURITIES The following two tables summarize the fair values and gross unrealized losses within the available for sale and held to maturity portfolios at March 31, 2016 and June 30, 2015. The gross unrealized losses, presented by security type, represent temporary impairments of value within each portfolio as of the dates presented. Temporary impairments within the available for sale portfolio have been recognized through other comprehensive income as reductions in stockholders’ equity on a tax-effected basis. The tables are followed by a discussion that summarizes the Company’s rationale for recognizing impairments, where applicable, as “temporary” versus those identified as “other-than-temporary”. Such rationale is presented by investment type and generally applies consistently to both the “available for sale” and “held to maturity” portfolios, except where specifically noted. March 31, 2016 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In Thousands) Securities Available for Sale: U.S. agency securities $ - $ - $ 2,089 $ 18 $ 2,089 $ 18 Obligations of state and political subdivisions 573 3 1,483 5 2,056 8 Asset-backed securities 45,399 2,604 14,275 960 59,674 3,564 Collateralized loan obligations 37,518 1,166 87,423 2,547 124,941 3,713 Corporate bonds 46,923 1,067 89,755 5,285 136,678 6,352 Trust preferred securities - - 6,249 1,653 6,249 1,653 Collateralized mortgage obligations 704 4 40,239 387 40,943 391 Residential pass-through securities 13 1 - - 13 1 Total $ 131,130 $ 4,845 $ 241,513 $ 10,855 $ 372,643 $ 15,700 June 30, 2015 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In Thousands) Securities Available for Sale: U.S. agency securities $ 1,533 $ 7 $ 695 $ 4 $ 2,228 $ 11 Obligations of state and political subdivisions 20,575 515 2,943 189 23,518 704 Asset-backed securities 23,855 293 20,067 168 43,922 461 Collateralized loan obligations 49,694 117 59,551 511 109,245 628 Corporate bonds 19,880 120 74,295 754 94,175 874 Trust preferred securities - - 6,734 1,160 6,734 1,160 Collateralized mortgage obligations 5,479 29 52,105 1,197 57,584 1,226 Residential pass-through securities 61,896 1,140 50,513 883 112,409 2,023 Total $ 182,912 $ 2,221 $ 266,903 $ 4,866 $ 449,815 $ 7,087 The number of available for sale securities with unrealized losses at March 31, 2016 totaled 68 and included five U.S. agency securities, five municipal obligations, seven asset-backed securities, 20 collateralized loan obligations, 15 corporate obligations, four trust preferred securities, six collateralized mortgage obligations and six residential pass-through securities. The number of available for sale securities with unrealized losses at June 30, 2015 totaled 119 and included five U.S. agency securities, 62 municipal obligations, four asset-backed securities, 16 collateralized loan obligations, seven corporate obligations, four trust preferred securities, eight collateralized mortgage obligations and 13 residential pass-through securities. March 31, 2016 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In Thousands) Securities Held to Maturity: U.S. agency securities $ - $ - $ 34,972 $ 21 $ 34,972 $ 21 Obligations of state and political subdivisions 5,235 12 969 12 6,204 24 Collateralized mortgage obligations - - 35 1 35 1 Residential pass-through securities - - 2,022 18 2,022 18 Total $ 5,235 $ 12 $ 37,998 $ 52 $ 43,233 $ 64 June 30, 2015 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In Thousands) Securities Held to Maturity: U.S. agency securities $ - $ - $ 143,002 $ 332 $ 143,002 $ 332 Obligations of state and political subdivisions 56,190 840 7,965 350 64,155 1,190 Collateralized mortgage obligations - - 41 1 41 1 Residential pass-through securities 142,789 556 142,789 556 Commercial pass-through securities 18,792 228 - - 18,792 228 Total $ 217,771 $ 1,624 $ 151,008 $ 683 $ 368,779 $ 2,307 The number of held to maturity securities with unrealized losses at March 31, 2016 totaled 22 and included two U.S. agency securities, 15 municipal obligations, four collateralized mortgage obligations and one residential pass-through security. The number of held to maturity securities with unrealized losses at June 30, 2015 totaled 166 and included seven U.S. agency securities, 136 municipal obligations, four collateralized mortgage obligations, 15 residential pass-through securities and four commercial pass-through securities. In general, if the fair value of a debt security is less than its amortized cost basis at the time of evaluation, the security is “impaired” and the impairment is to be evaluated to determine if it is other than temporary. The Company evaluates the impaired securities in its portfolio for possible other than temporary impairment (OTTI) on at least a quarterly basis. The following represents the circumstances under which an impaired security is determined to be other than temporarily impaired: · When the Company intends to sell the impaired debt security; · When the Company more likely than not will be required to sell the impaired debt security before recovery of its amortized cost (for example, whether liquidity requirements or contractual or regulatory obligations indicate that the security will be required to be sold before a forecasted recovery occurs); or · When an impaired debt security does not meet either of the two conditions above, but the Company does not expect to recover the entire amortized cost of the security. According to applicable accounting guidance for debt securities, this is generally when the present value of cash flows expected to be collected is less than the amortized cost of the security. In the first two circumstances noted above, the amount of OTTI recognized in earnings is the entire difference between the security’s amortized cost basis and its fair value at the balance sheet date. In the third circumstance, however, the OTTI is to be separated into the amount representing the credit loss from the amount related to all other factors. The credit loss component is to be recognized in earnings while the non-credit loss component is to be recognized in other comprehensive income. In these cases, OTTI is generally predicated on an adverse change in cash flows (e.g. principal and/or interest payment deferrals or losses) versus those expected at the time of purchase. The absence of an adverse change in expected cash flows generally indicates that a security’s impairment is related to other “non-credit loss” factors and is thereby generally not recognized as OTTI. The Company considers a variety of factors when determining whether a credit loss exists for an impaired security including, but not limited to: · The length of time and the extent (a percentage) to which the fair value has been less than the amortized cost basis; · Adverse conditions specifically related to the security, an industry, or a geographic area (e.g. changes in the financial condition of the issuer of the security, or in the case of an asset backed debt security, in the financial condition of the underlying loan obligors, including changes in technology or the discontinuance of a segment of the business that may affect the future earnings potential of the issuer or underlying loan obligors of the security or changes in the quality of the credit enhancement); · The historical and implied volatility of the fair value of the security; · The payment structure of the debt security; · Actual or expected failure of the issuer of the security to make scheduled interest or principal payments; · Changes to the rating of the security by external rating agencies; and · Recoveries or additional declines in fair value subsequent to the balance sheet date. At March 31, 2016 and June 30, 2015, the Company held no securities on which credit-related OTTI had been recognized in earnings. The following discussion summarizes the Company’s rationale for recognizing the impairments reported in the tables above as “temporary” versus “other-than-temporary”. Such rationale is presented by investment type and generally applies consistently to both the available for sale and held to maturity portfolios, except where specifically noted. Mortgage-backed Securities. The carrying value of the Company’s mortgage-backed securities totaled $723.0 million at March 31, 2016 and comprised 56.6% of total investments and 16.1% of total assets as of that date. This category of securities primarily includes mortgage pass-through securities and collateralized mortgage obligations issued by U.S. government agencies and/or GSEs such as Ginnie Mae, Fannie Mae and Freddie Mac who guarantee the contractual cash flows associated with those securities. Those guarantees were strengthened during the 2008-2009 financial crisis at which time Fannie Mae and Freddie Mac were placed into receivership by the federal government. Through those actions, the U.S. government effectively reinforced the guarantees of their agencies thereby strengthening the creditworthiness of the mortgage-backed securities issued by those agencies. With credit risk being reduced to negligible levels due primarily to the U.S. government’s support of most of these agencies, the unrealized losses on the Company’s investment in U.S. agency mortgage-backed securities are due largely to the combined effects of several market-related factors including, most notably, changes in market interest rates. In general, the fair value of certain debt securities, including the Company’s mortgage-backed securities, move inversely with changes in market interest rates. As market interest rates increase, the value of the securities, which are generally characterized by fixed interest rates or adjustable rates that lag the movement in market interest rates, decline and vice-versa. Additionally, movements in market interest rates significantly impact the average lives of mortgage-backed securities by influencing the rate of principal prepayment attributable to refinancing activity. Changes in the expected average lives of such securities significantly impact their fair values due to the extension or contraction of the cash flows that an investor expects to receive over the life of the security. Generally, lower market interest rates prompt greater refinancing activity thereby shortening the average lives of mortgage-backed securities and vice-versa. The historically low mortgage rates prevalent in the marketplace during recent years created significant refinancing incentive for qualified borrowers. Prepayment rates are also influenced by fluctuating real estate values and the overall availability of credit in the marketplace which significantly impacts the ability of borrowers to qualify for refinancing. The residential real estate marketplace in recent years has been characterized by diminished property values and reduced availability of credit due to tightening underwriting standards. As a consequence, the ability of certain borrowers to qualify for the refinancing of existing loans has been reduced while residential real estate purchase activity has been stifled. These factors have partially offset the effects of historically low interest rates on mortgage-backed security prepayment rates. The market price of mortgage-backed securities, being the key measure of the fair value to an investor in such securities, is also influenced by the overall supply and demand for such securities in the marketplace. Absent other factors, an increase in the demand for, or a decrease in the supply of a security increases its price. Conversely, a decrease in the demand for, or an increase in the supply of a security decreases its price. In sum, the factors influencing the fair value of the Company’s U.S. agency mortgage-backed securities, as described above, generally result from movements in market interest rates and changing real estate and financial market conditions which affect the supply and demand for such securities. Such market conditions may fluctuate over time resulting in certain securities being impaired for periods in excess of 12 months. However, the longevity of such impairment is not necessarily reflective of an expectation for an adverse change in cash flows signifying a credit loss. Consequently, the impairments of value resulting directly from these changing market conditions are considered “noncredit-related” and “temporary” in nature. Finally, the Company has the stated ability and intent to “hold to maturity” those securities so designated at March 31, 2016 and does not intend to sell the temporarily impaired available for sale securities prior to the recovery of their fair value to a level equal to or greater than the Company’s amortized cost. Moreover, the Company has concluded that the possibility of being required to sell the securities prior to their anticipated recovery is unlikely based upon its strong liquidity, asset quality and capital position as of that date. In light of the factors noted, the Company does not consider its U.S. agency and GSE mortgage-backed securities with unrealized losses at March 31, 2016 to be “other-than-temporarily” impaired as of that date. In addition to those mortgage-backed securities issued by U.S. agencies and GSEs, the Company held a nominal balance of non-agency mortgage-backed securities at March 31, 2016. Unlike agency and GSE mortgage-backed securities, non-agency collateralized mortgage obligations are not explicitly guaranteed by a U.S. government sponsored entity. Rather, such securities generally utilize the structure of the larger investment vehicle to reallocate credit risk among the individual tranches comprised within that vehicle. Through this process, investors in different tranches are subject to varying degrees of risk that the cash flows of their tranche will be adversely impacted by borrowers defaulting on the underlying mortgage loans. The creditworthiness of certain tranches may also be further enhanced by additional credit insurance protection embedded within the terms of the total investment vehicle. The fair values of the non-agency mortgage-backed securities are subject to many of the factors applicable to the agency securities that may result in “temporary” impairments in value. However, due to the lack of agency guaranty, the Company also monitors the general level of credit risk for each of its non-agency mortgage-backed securities based upon a variety of factors including, but not limited to, the ratings assigned to its specific tranches by one or more credit rating agencies, where available. As noted above, the level of such ratings and changes thereto, is one of several factors considered by the Company in identifying those securities that may be other-than-temporarily impaired. The applicable securities generally maintained their credit-ratings at levels supporting the investment grade assessment by the Company. The Company has the stated ability and intent to “hold to maturity” those securities at March 31, 2016 and has further concluded that the possibility of being required to sell the securities prior to their anticipated recovery is unlikely based upon its strong liquidity, asset quality and capital position as of that date. In light of the factors noted, the Company does not consider its non-agency mortgage-backed securities with unrealized losses at March 31, 2016 to be “other-than-temporarily” impaired as of that date. U.S. Agency Debt Securities. The carrying value of the Company’s U.S. agency debt securities totaled $91.7 million at March 31, 2016 and comprised 7.2% of total investments and 2.0% of total assets as of that date. Such securities included fixed-rate U.S. agency debentures and securitized pools of loans issued and fully guaranteed by the Small Business Administration (“SBA”), a U.S. government agency. With credit risk being reduced to negligible levels due to the issuer’s guarantee, the unrealized losses on the Company’s investment in U.S. agency debentures are due largely to the combined effects of several market-related factors including, most notably, changes in market interest rates. In general, the fair value of certain debt securities, including the Company’s U.S. agency debentures, move inversely with changes in market interest rates. As market interest rates increase, the value of the securities, which are generally characterized by fixed interest rates, decline and vice-versa. The market price of U.S. agency debentures is also influenced by the overall supply and demand for such securities in the marketplace. Absent other factors, an increase in the demand for, or a decrease in the supply of a security increases its price. Conversely, a decrease in the demand for, or an increase in the supply of, a security decreases its price. In sum, the factors influencing the fair value of the Company’s U.S. agency debentures, as described above, generally result from movements in market interest rates and changing market conditions which affect the supply and demand for such securities. Those market conditions may fluctuate over time resulting in certain securities being impaired for periods in excess of 12 months. However, the longevity of such impairment is not necessarily reflective of an expectation for an adverse change in cash flows signifying a credit loss. Consequently, the impairments of value resulting directly from these changing market conditions are considered “noncredit-related” and “temporary” in nature. Finally, the Company has the stated ability and intent to “hold to maturity” those securities so designated at March 31, 2016 and does not intend to sell the temporarily impaired available for sale securities prior to the recovery of their fair value to a level equal to or greater than the Company’s amortized cost. Furthermore, the Company has concluded that the possibility of being required to sell the securities prior to their anticipated recovery is unlikely based upon its strong liquidity, asset quality and capital position as of that date. In light of the factors noted, the Company does not consider its balance of U.S. agency securities with unrealized losses at March 31, 2016 to be “other-than-temporarily” impaired as of that date. Obligations of State and Political Subdivisions. The carrying value of the Company’s securities representing obligations of state and political subdivisions totaled $110.2 million at March 31, 2016 and comprised 8.6% of total investments and 2.5% of total assets as of that date. Such securities primarily included fixed-rate, bank-qualified securities representing general obligations of municipalities located within the U.S. or the obligations of their related entities such as boards of education or school districts. The balance of municipal obligations at March 31, 2016 included $3.4 million of non-rated bond anticipation notes (“BANs”) comprising six short-term obligations issued by a total of five New Jersey municipalities. As noted earlier, the Company considers the ratings assigned by one or more credit rating agencies, where available, in its evaluation of the impairment attributable to each of its municipal obligations. The Company uses such ratings, in conjunction with the other criteria noted earlier, to identify those securities whose impairments are potentially “credit-related” versus “noncredit-related”. Unrealized losses associated with municipal obligations whose credit ratings exceed certain internally defined thresholds are considered to be indicative of “noncredit-related” impairment given the nominal level of credit losses that would be expected based upon such ratings. That conclusion is generally reinforced, as appropriate, by additional internal analysis supporting the Company’s periodic internal investment grade assessment of the security. At March 31, 2016, each of the Company’s impaired municipal obligations were consistently rated by Moody’s Investors Service (“Moody’s”) and Standard & Poor’s Financial Services (“S&P”) well above the thresholds that generally support the Company’s investment grade assessment with such ratings equaling “A” or higher by S&P and/or “A2” or higher by Moody’s, where rated by those agencies. In the absence of such ratings, the Company relies upon its own internal analysis of the issuer’s financial condition to validate its investment grade assessment. Given the absence of any expectation for an adverse change in cash flows signifying a credit loss, the unrealized losses on the Company’s investment in municipal obligations are due largely to the combined effects of several market-related factors including, most notably, changes in market interest rates. In general, the fair value of certain debt securities, including the Company’s municipal obligations, move inversely with changes in market interest rates. As market interest rates increase, the value of the securities, which are generally characterized by fixed interest rates, decline and vice-versa. The market price of municipal obligations is also influenced by the overall supply and demand for such securities in the marketplace. While these factors may generally reflect the level of available liquidity in the marketplace, demand for individual securities will specifically reflect investors’ assessment of an issuer’s creditworthiness and resulting expectations for timely and full repayment in accordance with the terms of the applicable security agreement. Absent other factors, an increase in the demand for, or a decrease in the supply of, a security increases its price. Conversely, a decrease in the demand for, or an increase in the supply of, a security decreases its price. In sum, the factors influencing the fair value of the Company’s municipal obligations, as described above, generally result from movements in market interest rates and changing market conditions which affect the supply and demand for such securities. Those market conditions may fluctuate over time resulting in certain securities being impaired for periods in excess of 12 months. However, the longevity of such impairment is not necessarily reflective of an expectation for an adverse change in cash flows signifying a credit loss. Consequently, the impairments of value resulting directly from these changing market conditions are considered “noncredit-related” and “temporary” in nature. Finally, the Company has the stated ability and intent to “hold to maturity” those securities so designated at March 31, 2016 and does not intend to sell the temporarily impaired available for sale securities prior to the recovery of their fair value to a level equal to or greater than the Company’s amortized cost. Furthermore, the Company has concluded that the possibility of being required to sell the securities prior to their anticipated recovery is unlikely based upon its strong liquidity, asset quality and capital position as of that date. In light of the factors noted, the Company does not consider its balance of obligations of state and political subdivisions with unrealized losses at March 31, 2016 to be “other-than-temporarily” impaired as of that date. Asset-backed Securities. The carrying value of the Company’s asset-backed securities totaled $84.4 million at March 31, 2016 and comprised 6.6% of total investments and 1.9% of total assets as of that date. This category of securities is comprised entirely of structured, floating-rate securities representing securitized federal education loans featuring 97% U.S. government guarantees. The securities represent tranches of a larger investment vehicle designed to reallocate credit risk among the individual tranches comprised within that vehicle. Through this process, investors in different tranches are subject to varying degrees of risk that the cash flows of their tranche will be adversely impacted by borrowers defaulting on the underlying loans. The Company’s impaired asset-backed securities represent the highest credit-quality tranches within the overall structures with each being rated “AA+” or better by S&P at March 31, 2016. With credit risk being reduced to nominal levels due to the guarantees and structural support noted above, the unrealized losses on the Company’s investment in asset-backed securities are due largely to the combined effects of several market-related factors, including changes in market interest rates and fluctuating demand for such securities in the marketplace. In general, the fair value of certain debt securities, including the Company’s asset-backed securities, move inversely with changes in market interest rates. As market interest rates increase, the value of the securities decline and vice-versa. However, the floating-rate nature of the Company’s asset-backed securities greatly reduces their sensitivity to such changes in market rates. More significantly, the market price of asset-backed securities is also influenced by the overall supply and demand for such securities in the marketplace. Absent other factors, an increase in the demand for, or a decrease in the supply of, a security increases its price. Conversely, a decrease in the demand for, or an increase in the supply of, a security decreases its price. In sum, the factors influencing the fair value of the Company’s asset-backed securities, as described above, generally result from movements in market interest rates and changing market conditions which affect the supply and demand for such securities. Those market conditions may fluctuate over time resulting in certain securities being impaired for periods in excess of 12 months. However, the longevity of such impairment is not necessarily reflective of an expectation for an adverse change in cash flows signifying a credit loss. Consequently, the impairments of value resulting directly from these changing market conditions are considered “noncredit-related” and “temporary” in nature. Finally, the Company does not intend to sell the temporarily impaired available for sale securities prior to the recovery of their fair value to a level equal to or greater than the Company’s amortized cost. Furthermore, the Company has concluded that the possibility of being required to sell the securities prior to their anticipated recovery is unlikely based upon its strong liquidity, asset quality and capital position as of March 31, 2016. In light of the factors noted, the Company does not consider its balance of asset-backed securities with unrealized losses at March 31, 2016 to be “other-than-temporarily” impaired as of that date. Collateralized Loan Obligations. The outstanding balance of the Company’s collateralized loan obligations totaled $124.9 million at March 31, 2016 and comprised 9.8% of total investments and 2.8% of total assets as of that date. This category of securities is comprised entirely of structured, floating-rate securities comprised of securitized commercial loans to large U.S. corporations. The Company’s securities represent tranches of a larger investment vehicle designed to reallocate cash flows and credit risk among the individual tranches comprised within that vehicle. Through this process, investors in different tranches are subject to varying degrees of risk that the cash flows of their tranche will be adversely impacted by borrowers defaulting on the underlying loans. As noted earlier, the Company considers the ratings assigned by one or more credit rating agencies, where available, in its evaluation of the impairment attributable to each of its collateralized loan obligations. The Company uses such ratings, in conjunction with the other criteria noted earlier, to identify those securities whose impairments are potentially “credit-related” versus “noncredit-related”. Unrealized losses associated with collateralized loan obligations whose credit ratings exceed certain internally defined thresholds are considered to be indicative of “noncredit-related” impairment given the nominal level of credit losses that would be expected based upon such ratings. That conclusion is generally reinforced, as appropriate, by additional internal analysis supporting the Company’s periodic internal investment grade assessment of the security. At March 31, 2016, each of the Company’s impaired collateralized loan obligations were consistently rated by Moody’s and S&P well above the thresholds that generally support the Company’s investment grade assessment, with such ratings equaling “AA” or higher by S&P and “Aa2” or higher by Moody’s, where rated by those agencies. Given the absence of any expectation for an adverse change in cash flows signifying a credit loss, the unrealized losses on the Company’s investment in collateralized loan obligations are due largely to the combined effects of several market-related factors, including changes in market interest rates and fluctuating demand for such securities in the marketplace. In general, the fair value of certain debt securities, including the Company’s collateralized loan obligations, move inversely with changes in market interest rates. As market interest rates increase, the value of the securities decline and vice-versa. However, the floating-rate nature of the Company’s collateralized loan obligations greatly reduces their sensitivity to such changes in market rates. More significantly, the market price of collateralized loan obligations is also influenced by the overall supply and demand for such securities in the marketplace. While these factors may generally reflect the level of available liquidity in the marketplace, demand for individual securities will specifically reflect the performance of the underlying collateral in conjunction with the resiliency of the security’s structural support as they affect investors’ expectations for timely and full repayment. Absent other factors, an increase in the demand for, or a decrease in the supply of, a security increases its price. Conversely, a decrease in the demand for, or an increase in the supply of, a security decreases its price. In sum, the factors influencing the fair value of the Company’s collateralized loan obligations, as described above, generally result from movements in market interest rates and changing market conditions which affect the supply and demand for such securities. Those market conditions may fluctuate over time resulting in certain securities being impaired for periods in excess of 12 months. However, the longevity of such impairment is not necessarily reflective of an expectation for an adverse change in cash flows signifying a credit loss. Consequently, the impairments of value resulting directly from these changing market conditions are considered “noncredit-related” and “temporary” in nature. During fiscal 2015, the Company reviewed the underlying security agreements for each of its collateralized loan obligations to determine if the terms of such agreements could potentially allow for the inclusion of ineligible assets within the security’s structure in the future thereby making it an ineligible investment under the terms of the “Volcker Rule” and related regulations enacted by regulatory agencies in conjunction with the ongoing implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. To the extent the agreements contained such provisions and could or would not be modified by the issuer to ensure ongoing compliance with the Volcker Rule, the Company sold such securities during fiscal 2015. At March 31, 2016, the Company’s entire portfolio of collateralized loan obligations remains compliant with the Volcker Rule. As such, the Company concluded that the possibility of being required to sell its collateralized loan obligations prior to their anticipated recovery is currently unlikely, which is further reinforced by the overall strength of the Company’s liquidity, asset quality and capital position as of that date. Moreover, the Company does not otherwise intend to sell the temporarily impaired available for sale securities prior to the recovery of their fair value to a level equal to or greater than the Company’s amortized cost at March 31, 2016. In light of the factors noted, the Company does not consider its balance of collateralized loan obligations with unrealized losses at March 31, 2016 to be “other-than-temporarily” impaired as of that date. Corporate Bonds. The carrying value of the Company’s corporate bonds totaled $136.7 million at March 31, 201 |
Loan Quality and Allowance for
Loan Quality and Allowance for Loan Losses | 9 Months Ended |
Mar. 31, 2016 | |
Receivables [Abstract] | |
Loan Quality and Allowance for Loan Losses | 10. LOAN QUALITY AND ALLOWANCE FOR LOAN LOSSES Acquired Credit-Impaired Loans. At March 31, 2016, the remaining outstanding principal balance and carrying amount of acquired credit-impaired loans totaled approximately $8,048,086 and $7,071,000, respectively. By comparison, at June 30, 2015, the remaining outstanding principal balance and carrying amount of acquired credit-impaired loans totaled approximately $9,900,000 and $8,363,000, respectively. The carrying amount of acquired credit-impaired loans for which interest is not being recognized due to the uncertainty of the cash flows relating to such loans totaled $6,336,000 and $1,322,000 at March 31, 2016 and June 30, 2015, respectively. The balance of the allowance for loan losses at March 31, 2016 included approximately $745,000 of valuation allowances for specifically identified impairment attributable to acquired credit-impaired loans. The valuation allowances were attributable to additional impairment recognized on the applicable loans subsequent to their acquisition, net of any charge offs recognized during that time. Valuation allowances for specifically identified impairment attributable to acquired credit-impaired loans at June 30, 2015 totaled $81,000. The following table presents the changes in the accretable yield relating to the acquired credit-impaired loans for the three and nine months ended March 31, 2016 and March 31, 2015. Three Months Ended March 31, 2016 2015 (In Thousands) Beginning balance $ 844 $ 1,684 Accretion to interest income (81 ) (379 ) Disposals - - Reclassifications from nonaccretable difference - - Ending balance $ 763 $ 1,305 Nine Months Ended March 31, 2016 2015 (In Thousands) Beginning balance $ 1,189 $ 1,891 Accretion to interest income (400 ) (586 ) Disposals (26 ) - Reclassifications from nonaccretable difference - - Ending balance $ 763 $ 1,305 Residential Mortgage Loans in Foreclosure. We may obtain physical possession of one- to four-family real estate collateralizing a residential mortgage loan via foreclosure or through an in-substance repossession. As of March 31, 2016, we held one single-family property in real estate owned with a carrying value of $481,000 that was acquired through a foreclosure on a residential mortgage loan. As of that same date, we held 34 residential mortgage loans with aggregate carrying values totaling $6.9 million which were in the process of foreclosure. Loan Quality. The following tables present the balance of the allowance for loan losses at March 31, 2016 and June 30, 2015 based upon the calculation methodology as described in the Company’s Form 10-K for the fiscal year ended June 30, 2015. The tables identify the valuation allowances attributable to specifically identified impairments on individually evaluated loans, including those acquired with deteriorated credit quality, as well as valuation allowances for impairments on loans evaluated collectively. The tables include the underlying balance of loans receivable applicable to each category as of those dates as well as the activity in the allowance for loan losses for the three and nine months ended March 31, 2016 and March 31, 2015. Unless otherwise noted, the balance of loans reported in the tables below excludes yield adjustments and the allowance for loan loss. Allowance for Loan Losses and Loans Receivable at March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Balance of allowance for loan losses: Originated and purchased loans: Loans individually evaluated for impairment $ 142 $ 84 $ - $ 89 $ 78 $ - $ - $ 393 Loans collectively evaluated for impairment 2,143 16,736 32 1,057 189 34 641 20,832 Allowance for loan losses on originated and purchased loans 2,285 16,820 32 1,146 267 34 641 21,225 Loans acquired at fair value: Loans acquired with deteriorated credit quality - - - 745 - - - 745 Other acquired loans individually evaluated for impairment - 50 - 177 - - - 227 Acquired loans collectively evaluated for impairment 56 414 5 240 44 53 1 813 Allowance for loan losses on loans acquired at fair value 56 464 5 1,162 44 53 1 1,785 Total allowance for loan losses $ 2,341 $ 17,284 $ 37 $ 2,308 $ 311 $ 87 $ 642 $ 23,010 Allowance for Loan Losses and Loans Receivable Period Ended March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the three months ended March 31, 2016: At December 31, 2015: Allocated $ 2,398 $ 15,452 $ 35 $ 1,941 $ 313 $ 88 $ 287 $ 20,514 Unallocated - - - - - - - - Total allowance for loan losses 2,398 15,452 35 1,941 313 88 287 20,514 Total charge offs (27 ) (18 ) - (43 ) (4 ) - (1 ) (93 ) Total recoveries - - - - - - - - Total allocated provisions (30 ) 1,850 2 410 2 (1 ) 356 2,589 Total unallocated provisions - - - - - - - - At March 31, 2016: Allocated 2,341 17,284 37 2,308 311 87 642 23,010 Unallocated - - - - - - - - Total allowance for loan losses $ 2,341 $ 17,284 $ 37 $ 2,308 $ 311 $ 87 $ 642 $ 23,010 Allowance for Loan Losses and Loans Receivable Period Ended March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the nine months ended March 31, 2016: At June 30, 2015: Allocated $ 2,210 $ 11,120 $ 34 $ 1,860 $ 260 $ 106 $ 16 $ 15,606 Unallocated - - - - - - - - Total allowance for loan losses 2,210 11,120 34 1,860 260 106 16 15,606 Total charge offs (1,180 ) (115 ) - (687 ) (38 ) (26 ) (4 ) (2,050 ) Total recoveries 9 - - 759 41 - 1 810 Total allocated provisions 1,302 6,279 3 376 48 7 629 8,644 Total unallocated provisions - - - - - - - - At March 31, 2016: Allocated 2,341 17,284 37 2,308 311 87 642 23,010 Unallocated - - - - - - - - Total allowance for loan losses $ 2,341 $ 17,284 $ 37 $ 2,308 $ 311 $ 87 $ 642 $ 23,010 Allowance for Loan Losses and Loans Receivable Period Ended March 31, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the three months ended March 31, 2015: At December 31, 2014: Allocated $ 2,310 $ 8,392 $ 59 $ 1,407 $ 314 $ 80 $ 22 $ 12,584 Unallocated - - - - - - - - Total allowance for loan losses 2,310 8,392 59 1,407 314 80 22 12,584 Total charge offs (183 ) - - (38 ) (38 ) - (1 ) (260 ) Total recoveries - - - 2 - - - 2 Total allocated provisions 34 1,443 (28 ) 313 5 (5 ) (1 ) 1,761 Total unallocated provisions - - - - - - - - At March 31, 2015: Allocated 2,161 9,835 31 1,684 281 75 20 14,087 Unallocated - - - - - - - - Total allowance for loan losses $ 2,161 $ 9,835 $ 31 $ 1,684 $ 281 $ 75 $ 20 $ 14,087 Allowance for Loan Losses and Loans Receivable Period Ended March 31, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the nine months ended March 31, 2015: At June 30, 2014: Allocated $ 2,729 $ 7,737 $ 67 $ 1,284 $ 460 $ 88 $ 22 $ 12,387 Unallocated - - - - - - - - Total allowance for loan losses 2,729 7,737 67 1,284 460 88 22 12,387 Total charge offs (1,620 ) (612 ) - (489 ) (77 ) - (1 ) (2,799 ) Total recoveries 141 - - 7 - - - 148 Total allocated provisions 911 2,710 (36 ) 882 (102 ) (13 ) (1 ) 4,351 Total unallocated provisions - - - - - - - - At March 31, 2015: Allocated 2,161 9,835 31 1,684 281 75 20 14,087 Unallocated - - - - - - - - Total allowance for loan losses $ 2,161 $ 9,835 $ 31 $ 1,684 $ 281 $ 75 $ 20 $ 14,087 Allowance for Loan Losses and Loans Receivable at March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Balance of loans receivable: Originated and purchased loans: Loans individually evaluated for impairment $ 13,157 $ 3,205 $ - $ 980 $ 1,064 $ 42 $ - $ 18,448 Loans collectively evaluated for impairment 553,447 1,797,427 3,038 69,901 64,399 11,236 24,876 2,524,324 Total originated and purchased loans 566,604 1,800,632 3,038 70,881 65,463 11,278 24,876 2,542,772 Loans acquired at fair value: Loans acquired with deteriorated credit quality 106 308 - 6,657 - - - 7,071 Other acquired loans individually evaluated for impairment - 4,387 368 1,131 468 777 - 7,131 Acquired loans collectively evaluated for impairment 54,158 76,611 327 16,462 4,537 8,087 79 160,261 Total loans acquired at fair value 54,264 81,306 695 24,250 5,005 8,864 79 174,463 Total loans $ 620,868 $ 1,881,938 $ 3,733 $ 95,131 $ 70,468 $ 20,142 $ 24,955 2,717,235 Unamortized yield adjustments 2,834 Loans receivable, net of yield adjustments $ 2,720,069 Allowance for Loan Losses and Loans Receivable at June 30, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Balance of allowance for loan losses: Originated and purchased loans: Loans individually evaluated for impairment $ 116 $ 415 $ - $ 30 $ 12 $ - $ - $ 573 Loans collectively evaluated for impairment 2,031 10,162 29 989 184 33 15 13,443 Allowance for loan losses on originated and purchased loans 2,147 10,577 29 1,019 196 33 15 14,016 Loans acquired at fair value: Loans acquired with deteriorated credit quality - - - 81 - - - 81 Other acquired loans individually evaluated for impairment - 114 - 259 - 24 - 397 Acquired loans collectively evaluated for impairment 63 429 5 501 64 49 1 1,112 Allowance for loan losses on loans acquired at fair value 63 543 5 841 64 73 1 1,590 Total allowance for loan losses $ 2,210 $ 11,120 $ 34 $ 1,860 $ 260 $ 106 $ 16 $ 15,606 Allowance for Loan Losses and Loans Receivable at June 30, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Balance of loans receivable: Originated and purchased loans: Loans individually evaluated for impairment $ 10,240 $ 3,439 $ - $ 1,861 $ 991 $ 26 $ - $ 16,557 Loans collectively evaluated for impairment 520,070 1,214,586 3,328 69,797 63,034 10,854 4,204 1,885,873 Total originated and purchased loans 530,310 1,218,025 3,328 71,658 64,025 10,880 4,204 1,902,430 Loans acquired at fair value: Loans acquired with deteriorated credit quality 116 318 - 7,929 - - - 8,363 Other acquired loans individually evaluated for impairment - 4,196 2,037 927 534 945 - 8,639 Acquired loans collectively evaluated for impairment 61,895 86,564 346 18,937 5,698 9,589 87 183,116 Total loans acquired at fair value 62,011 91,078 2,383 27,793 6,232 10,534 87 200,118 Total loans $ 592,321 $ 1,309,103 $ 5,711 $ 99,451 $ 70,257 $ 21,414 $ 4,291 2,102,548 Unamortized yield adjustments 316 Loans receivable, net of yield adjustments $ 2,102,864 The following tables present key indicators of credit quality regarding the Company’s loan portfolio based upon loan classification and contractual payment status at March 31, 2016 and June 30, 2015 based upon the methodology for identifying and reporting such loans as described in the Company’s Form 10-K for the fiscal year ended June 30, 2015. Credit-Rating Classification of Loans Receivable at March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Originated and purchased loans: Non-classified $ 551,447 $ 1,796,098 $ 2,809 $ 69,835 $ 64,285 $ 11,187 $ 24,875 $ 2,520,536 Classified: Special Mention 500 - 229 66 50 25 - 870 Substandard 14,657 4,468 - 980 1,128 66 - 21,299 Doubtful - 66 - - - - 1 67 Loss - - - - - - - - Total classified loans 15,157 4,534 229 1,046 1,178 91 1 22,236 Total originated and purchased loans 566,604 1,800,632 3,038 70,881 65,463 11,278 24,876 2,542,772 Loans acquired at fair value: Non-classified 52,498 75,931 - 12,520 4,430 7,704 57 153,140 Classified: Special Mention 366 - 327 621 - 239 20 1,573 Substandard 1,400 5,375 368 11,103 575 921 2 19,744 Doubtful - - - 6 - - - 6 Loss - - - - - - - - Total classified loans 1,766 5,375 695 11,730 575 1,160 22 21,323 Total loans acquired at fair value 54,264 81,306 695 24,250 5,005 8,864 79 174,463 Total loans $ 620,868 $ 1,881,938 $ 3,733 $ 95,131 $ 70,468 $ 20,142 $ 24,955 $ 2,717,235 Credit-Rating Classification of Loans Receivable at June 30, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Originated and purchased loans: Non-classified $ 518,592 $ 1,213,307 $ 3,328 $ 69,662 $ 62,902 $ 10,780 $ 4,201 $ 1,882,772 Classified: Special Mention 955 256 - 58 56 74 - 1,399 Substandard 10,763 4,195 - 1,938 1,067 26 3 17,992 Doubtful - 267 - - - - - 267 Loss - - - - - - - - Total classified loans 11,718 4,718 - 1,996 1,123 100 3 19,658 Total originated and purchased loans 530,310 1,218,025 3,328 71,658 64,025 10,880 4,204 1,902,430 Loans acquired at fair value: Non-classified 60,593 82,068 - 13,749 5,588 9,196 60 171,254 Classified: Special Mention 372 3,425 346 7,617 76 242 24 12,102 Substandard 1,046 5,585 2,037 6,421 568 1,096 3 16,756 Doubtful - - - 6 - - - 6 Loss - - - - - - - - Total classified loans 1,418 9,010 2,383 14,044 644 1,338 27 28,864 Total loans acquired at fair value 62,011 91,078 2,383 27,793 6,232 10,534 87 200,118 Total loans $ 592,321 $ 1,309,103 $ 5,711 $ 99,451 $ 70,257 $ 21,414 $ 4,291 $ 2,102,548 Contractual Payment Status of Loans Receivable at March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Originated and purchased loans: Current $ 556,940 $ 1,798,031 $ 3,038 $ 70,464 $ 64,940 $ 11,155 $ 24,790 $ 2,529,358 Past due: 30-59 days 1,700 1,214 - 417 - 81 46 3,458 60-89 days 347 58 - - 80 - 40 525 90+ days 7,617 1,329 - - 443 42 - 9,431 Total past due 9,664 2,601 - 417 523 123 86 13,414 Total originated and purchased loans 566,604 1,800,632 3,038 70,881 65,463 11,278 24,876 2,542,772 Loans acquired at fair value: Current 54,158 80,028 327 23,002 4,925 8,276 77 170,793 Past due: 30-59 days 106 207 - - - 24 1 338 60-89 days - 365 - 91 - 128 1 585 90+ days - 706 368 1,157 80 436 - 2,747 Total past due 106 1,278 368 1,248 80 588 2 3,670 Total loans acquired at fair value 54,264 81,306 695 24,250 5,005 8,864 79 174,463 Total loans $ 620,868 $ 1,881,938 $ 3,733 $ 95,131 $ 70,468 $ 20,142 $ 24,955 $ 2,717,235 Contractual Payment Status of Loans Receivable at June 30, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Originated and purchased loans: Current $ 524,780 $ 1,216,644 $ 3,328 $ 70,529 $ 63,457 $ 10,828 $ 4,199 $ 1,893,765 Past due: 30-59 days 420 256 - 23 114 - 4 817 60-89 days 685 - - - - 26 - 711 90+ days 4,425 1,125 - 1,106 454 26 1 7,137 Total past due 5,530 1,381 - 1,129 568 52 5 8,665 Total originated and purchased loans 530,310 1,218,025 3,328 71,658 64,025 10,880 4,204 1,902,430 Loans acquired at fair value: Current 61,895 89,796 1,610 25,721 5,993 9,577 85 194,677 Past due: 30-59 days 116 - - - 134 12 - 262 60-89 days - 468 - - - - 1 469 90+ days - 814 773 2,072 105 945 1 4,710 Total past due 116 1,282 773 2,072 239 957 2 5,441 Total loans acquired at fair value 62,011 91,078 2,383 27,793 6,232 10,534 87 200,118 Total loans $ 592,321 $ 1,309,103 $ 5,711 $ 99,451 $ 70,257 $ 21,414 $ 4,291 $ 2,102,548 The following tables present information relating to the Company’s nonperforming and impaired loans at March 31, 2016 and June 30, 2015 based upon the methodology for identifying and reporting such loans as described in the Company’s Form 10-K for the fiscal year ended June 30, 2015. Loans reported as “90+ days past due accruing” in the table immediately below are also reported in the preceding contractual payment status table under the heading “90+ days past due”. Performance Status of Loans Receivable at March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Originated and purchased loans: Performing $ 555,660 $ 1,797,427 $ 3,038 $ 69,920 $ 64,899 $ 11,236 $ 24,876 $ 2,527,056 Nonperforming: 90+ days past due accruing - - - - - - - - Nonaccrual 10,944 3,205 - 961 564 42 - 15,716 Total nonperforming 10,944 3,205 - 961 564 42 - 15,716 Total originated and purchased loans 566,604 1,800,632 3,038 70,881 65,463 11,278 24,876 2,542,772 Loans acquired at fair value: Performing 54,158 77,284 327 16,906 4,721 8,428 79 161,903 Nonperforming: 90+ days past due accruing - - - - - - - - Nonaccrual 106 4,022 368 7,344 284 436 - 12,560 Total nonperforming 106 4,022 368 7,344 284 436 - 12,560 Total loans acquired at fair value 54,264 81,306 695 24,250 5,005 8,864 79 174,463 Total loans $ 620,868 $ 1,881,938 $ 3,733 $ 95,131 $ 70,468 $ 20,142 $ 24,955 $ 2,717,235 Performance Status of Loans Receivable at June 30, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Originated and purchased loans: Performing $ 522,474 $ 1,214,653 $ 3,328 $ 69,819 $ 63,563 $ 10,854 $ 4,203 $ 1,888,894 Nonperforming: 90+ days past due accruing - - - - - - - - Nonaccrual 7,836 3,372 - 1,839 462 26 1 13,536 Total nonperforming 7,836 3,372 - 1,839 462 26 1 13,536 Total originated and purchased loans 530,310 1,218,025 3,328 71,658 64,025 10,880 4,204 1,902,430 Loans acquired at fair value: Performing 61,895 87,273 346 25,688 5,882 9,589 86 190,759 Nonperforming: 90+ days past due accruing - - - - - - - - Nonaccrual 116 3,805 2,037 2,105 350 945 1 9,359 Total nonperforming 116 3,805 2,037 2,105 350 945 1 9,359 Total loans acquired at fair value 62,011 91,078 2,383 27,793 6,232 10,534 87 200,118 Total loans $ 592,321 $ 1,309,103 $ 5,711 $ 99,451 $ 70,257 $ 21,414 $ 4,291 $ 2,102,548 Impairment Status of Loans Receivable at March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Carrying value of impaired loans: Originated and purchased loans: Non-impaired loans $ 553,447 $ 1,797,427 $ 3,038 $ 69,901 $ 64,399 $ 11,236 $ 24,876 $ 2,524,324 Impaired loans: Impaired loans with no allowance for impairment 8,550 3,081 - 960 983 42 - 13,616 Impaired loans with allowance for impairment: Recorded investment 4,607 124 - 20 81 - - 4,832 Allowance for impairment (142 ) (84 ) - (89 ) (78 ) - - (393 ) Balance of impaired loans net of allowance for impairment 4,465 40 - (69 ) 3 - - 4,439 Total impaired loans, excluding allowance for impairment: 13,157 3,205 - 980 1,064 42 - 18,448 Total originated and purchased loans 566,604 1,800,632 3,038 70,881 65,463 11,278 24,876 2,542,772 Loans acquired at fair value: Non-impaired loans 54,158 76,611 327 16,462 4,537 8,087 79 160,261 Impaired loans: Impaired loans with no allowance for impairment 106 4,330 368 1,406 468 777 - 7,455 Impaired loans with allowance for impairment: Recorded investment - 365 - 6,382 - - - 6,747 Allowance for impairment - (50 ) - (922 ) - - - (972 ) Balance of impaired loans net of allowance for impairment - 315 - 5,460 - - - 5,775 Total impaired loans, excluding allowance for impairment: 106 4,695 368 7,788 468 777 - 14,202 Total loans acquired at fair value 54,264 81,306 695 24,250 5,005 8,864 79 174,463 Total loans $ 620,868 $ 1,881,938 $ 3,733 $ 95,131 $ 70,468 $ 20,142 $ 24,955 $ 2,717,235 Unpaid principal balance of impaired loans: Originated and purchased loans $ 17,371 $ 4,522 $ 73 $ 1,072 $ 1,132 $ 42 $ - $ 24,212 Loans acquired at fair value 144 5,187 391 9,506 589 863 - 16,680 Total impaired loans $ 17,515 $ 9,709 $ 464 $ 10,578 $ 1,721 $ 905 $ - $ 40,892 Impairment Status of Loans Receivable at June 30, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Carrying value of impaired loans: Originated and purchased loans: Non-impaired loans $ 520,070 $ 1,214,586 $ 3,328 $ 69,797 $ 63,034 $ 10,854 $ 4,204 $ 1,885,873 Impaired loans: Impaired loans with no allowance for impairment 8,387 1,777 - 1,418 905 26 - 12,513 Impaired loans with allowance for impairment: Recorded investment 1,853 1,662 - 443 86 - - 4,044 Allowance for impairment (116 ) (415 ) - (30 ) (12 ) - - (573 ) Balance of impaired loans net of allowance for impairment 1,737 1,247 - 413 74 - - 3,471 Total impaired loans, excluding allowance for impairment: 10,240 3,439 - 1,861 991 26 - 16,557 Total originated and purchased loans 530,310 1,218,025 3,328 71,658 64,025 10,880 4,204 1,902,430 Loans acquired at fair value: Non-impaired loans 61,895 86,564 346 18,937 5,698 9,589 87 183,116 Impaired loans: Impaired loans with no allowance for impairment 116 4,072 2,037 8,214 534 488 - 15,461 Impaired loans with allowance for impairment: Recorded investment - 442 - 642 - 457 - 1,541 Allowance for impairment - (114 ) - (340 ) - (24 ) - (478 ) Balance of impaired loans net of allowance for impairment - 328 - 302 - 433 - 1,063 Total impaired loans, excluding allowance for impairment: 116 4,514 2,037 8,856 534 945 - 17,002 Total loans acquired at fair value 62,011 91,078 2,383 27,793 6,232 10,534 87 200,118 Total loans $ 592,321 $ 1,309,103 $ 5,711 $ 99,451 $ 70,257 $ 21,414 $ 4,291 $ 2,102,548 Unpaid principal balance of impaired loans: Originated and purchased loans $ 16,985 $ 4,103 $ - $ 2,036 $ 1,014 $ 26 $ - $ 24,164 Loans acquired at fair value 147 4,759 2,118 10,506 561 975 - 19,066 Total impaired loans $ 17,132 $ 8,862 $ 2,118 $ 12,542 $ 1,575 $ 1,001 $ - $ 43,230 Impairment Status of Loans Receivable Period Ended March 31, 2016 and 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) For the three months ended March 31, 2016: Average balance of impaired loans $ 12,827 $ 7,998 $ 387 $ 8,793 $ 1,507 $ 834 $ - $ 32,346 Interest earned on impaired loans $ 45 $ 8 $ - $ 182 $ 11 $ 3 $ - $ 249 For the nine months ended March 31, 2016: Average balance of impaired loans $ 11,926 $ 8,011 $ 1,046 $ 9,438 $ 1,507 $ 910 $ - $ 32,838 Interest earned on impaired loans $ 156 $ 27 $ - $ 573 $ 39 $ 4 $ - $ 799 For the three months ended March 31, 2015: Average balance of impaired loans $ 12,462 $ 7,626 $ 2,421 $ 11,794 $ 1,657 $ 972 $ - $ 36,932 Interest earned on impaired loans $ 33 $ 28 $ - $ 233 $ 10 $ - $ - $ 304 For the nine months ended March 31, 2015: Average balance of impaired loans $ 12,867 $ 7,837 $ 1,818 $ 11,795 $ 1,645 $ 1,015 $ - $ 36,977 Interest earned on impaired loans $ 105 $ 49 $ 5 $ 639 $ 35 $ - $ - $ 833 The following table presents information regarding the restructuring of the Company’s troubled debts during the three and nine months ended March 31, 2016 and 2015 and any defaults during those periods of TDRs that were restructured within 12 months of the date of default. Troubled Debt Restructurings of Loans Receivable Period Ended March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Troubled debt restructuring activity for the three months ended March 31, 2016 Originated and purchased loans Number of loans 2 - - - 1 - - 3 Pre-modification outstanding recorded investment $ 673 $ - $ - $ - $ 41 $ - $ - $ 714 Post-modification outstanding recorded investment 687 - - - 37 - - $ 724 Charge offs against the allowance for loan loss recognized at modification 8 - - - 4 - - $ 12 Loans acquired at fair value Number of loans - - - - - - - - Pre-modification outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Post-modification outstanding recorded investment - - - - - - - $ - Charge offs against the allowance for loan loss recognized at modification - - - - - - - $ - Troubled debt restructuring defaults for the three months ended March 31, 2016 Originated and purchased loans Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Loans acquired at fair value Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Troubled Debt Restructurings of Loans Receivable Period Ended March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Troubled debt restructuring activity for the nine months ended March 31, 2016 Originated and purchased loans Number of loans 5 - - - 1 - - 6 Pre-modification outstanding recorded investment $ 1,770 $ - $ - $ - $ 41 $ - $ - $ 1,811 Post-modification outstanding recorded investment 1,472 - - - 37 - - $ 1,509 Charge offs against the allowance for loan loss recognized at modification 300 - - - 4 - - $ 304 Loans acquired at fair value Number of loans - 3 - - 2 - - 5 Pre-modification outstanding recorded investment $ - $ 2,285 $ - $ - $ 110 $ - $ - $ 2,395 Post-modification outstanding recorded investment - 2,290 - - 87 - - $ 2,377 Charge offs against the allowance for loan loss recognized at modification - - - - 24 - - $ 24 Troubled debt restructuring defaults for the nine months ended March 31, 2016 Originated and purchased loans Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Loans acquired at fair value Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Troubled Debt Restructurings of Loans Receivable Period Ended March 31, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Troubled debt restructuring activity for the three months ended March 31, 2015 Originated and purchased loans Number of loans - - - - - - - - Pre-modification outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Post-modification outstanding recorded investment - - - - - - - $ - Charge offs against the allowance for loan loss recognized at modification - - - - - - - $ - Loans acquired at fair value Number of loans - - - - - - - - Pre-modification outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Post-modification outstanding recorded investment - - - - - - - $ - Charge offs against the allowance for loan loss recognized at modification - - - - - - - $ - Troubled debt restructuring defaults for the three months ended March 31, 2015 Originated and purchased loans Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Loans acquired at fair value Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Troubled Debt Restructurings of Loans Receivable Period Ended March 31, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Troubled debt restructuring activity for the nine months ended March 31, 2015 Originated and purchased loans Number of loans 5 - - 2 - - - 7 Pre-modification outstanding recorded investment $ 1,955 $ - $ - $ 348 $ - $ - $ - $ 2,303 Post-modification outstanding recorded investment 1,823 - - 322 - - - $ 2,145 Charge offs against the allowance for loan loss recognized at modification 261 - - 27 - - - $ 288 Loans acquired at fair value Number of loans - - - - - - - - Pre-modification outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Post-modification outstanding recorded investment - - - - - - - $ - Charge offs against the allowance for loan loss recognized at modification - - - - - - - $ - Troubled debt restructuring defaults for the nine months ended March 31, 2015 Originated and purchased loans Number of loans 1 - - - - - - 1 Outstanding recorded investment $ 419 $ - $ - $ - $ - $ - $ - $ 419 Loans acquired at fair value Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - The manner in which the terms of a loan are modified through a troubled debt restructuring generally includes one or more of the following changes to the loan’s repayment terms: · Interest Rate Reduction · Capitalization of Prior Past Dues · Extension of Maturity or Balloon Date · Deferral of Principal Payments: · Payment Recalculation and Re-amortization |
Borrowings
Borrowings | 9 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
Borrowings | 11. BORROWINGS Fixed rate advances from the FHLB of New York mature as follows: March 31, 2016 June 30, 2015 Balance Weighted Average Interest Rate Balance Weighted Average Interest Rate (Dollars in Thousands) Maturing in years ending June 30: 2016 $ 431,500 0.69 % $ 382,500 0.41 % 2017 3,000 1.05 3,000 1.05 2018 5,225 1.18 5,225 1.18 2021 597 4.94 671 4.94 2023 145,000 3.04 145,000 3.04 Total borrowings 585,322 1.28 % 536,396 1.13 % Fair value adjustments (5 ) 9 Total borrowings, net of fair value adjustments $ 585,317 $ 536,405 At March 31, 2016, $434.5 million in advances are due within one year while the remaining $150.8 million in advances are due after one year of which $145.0 million are callable in April 2018. At March 31, 2016, FHLB advances were collateralized by the FHLB capital stock owned by the Bank and mortgage loans and securities with carrying values totaling approximately $1.0 billion and $174.9 million, respectively. At June 30, 2015, FHLB advances were collateralized by the FHLB capital stock owned by the Bank and mortgage loans and securities with carrying values totaling approximately $894.6 million and $185.2 million, respectively. Borrowings at March 31, 2016 and June 30, 2015 also included overnight borrowings in the form of depositor sweep accounts totaling $33.0 million and $35.1 million, respectively. Depositor sweep accounts are short term borrowings representing funds that are withdrawn from a customer’s noninterest-bearing deposit account and invested in an uninsured overnight investment account that is collateralized by specified investment securities owned by the Bank. |
Derivative Instruments and Hedg
Derivative Instruments and Hedging Activities | 9 Months Ended |
Mar. 31, 2016 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Derivative Instruments and Hedging Activities | 12. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES At March 31, 2016 and June 30, 2015, the Company was subject to the terms of certain interest rate derivative agreements that were utilized by the Company to manage the interest rate exposure arising from specific wholesale funding positions. Such wholesale funding sources include floating-rate brokered money market deposits indexed to one-month LIBOR as well as a number of 90 day fixed-rate FHLB advances that are forecasted to be periodically redrawn at maturity for the same 90 day term as the original advance. The derivatives, comprising eight interest rate swaps and two interest rate caps, were designated as cash flow hedges with changes in their fair value recorded as an adjustment through other comprehensive income on an after-tax basis. The effects of derivative instruments on the statements of condition included in the Consolidated Financial Statements at March 31, 2016 and June 30, 2015 and for the three and nine months ended March 31, 2016 and March 31, 2015 are as follows: March 31, 2016 Notional/ Contract Amount Fair Value Balance Sheet Location Expiration Date (Dollars in Thousands) Derivatives designated as hedging instruments Interest rate swaps by effective date: July 1, 2013 $ 165,000 $ (1,977 ) Other liabilities July 1, 2018 August 19, 2013 75,000 (1,572 ) Other liabilities August 20, 2018 October 9, 2013 50,000 (835 ) Other liabilities October 9, 2018 March 28, 2014 75,000 (2,228 ) Other liabilities March 28, 2019 June 5, 2015 60,000 (3,121 ) Other liabilities June 5, 2020 July 28, 2015 50,000 (2,987 ) Other liabilities July 28, 2020 September 28, 2015 40,000 (2,541 ) Other liabilities September 28, 2020 December 28, 2015 35,000 (2,500 ) Other liabilities December 28, 2020 550,000 (17,761 ) Interest rate caps by effective date: June 5, 2013 40,000 95 Other liabilities June 5, 2018 July 1, 2013 35,000 79 Other liabilities July 1, 2018 75,000 174 Total $ 625,000 $ (17,587 ) June 30, 2015 Notional/ Contract Amount Fair Value Balance Sheet Location Expiration Date (Dollars in Thousands) Derivatives designated as hedging instruments Interest rate swaps by effective date: July 1, 2013 $ 165,000 $ (768 ) Other liabilities July 1, 2018 August 19, 2013 75,000 (1,149 ) Other liabilities August 20, 2018 October 9, 2013 50,000 (400 ) Other liabilities October 9, 2018 March 28, 2014 75,000 (1,372 ) Other liabilities March 28, 2019 June 5, 2015 60,000 (1,717 ) Other liabilities June 5, 2020 July 28, 2015 50,000 (1,697 ) Other liabilities July 28, 2020 September 28, 2015 40,000 (1,289 ) Other liabilities September 28, 2020 December 28, 2015 35,000 (1,119 ) Other liabilities December 28, 2020 550,000 (9,511 ) Interest rate caps by effective date: June 5, 2013 40,000 428 Other liabilities June 5, 2018 July 1, 2013 35,000 366 Other liabilities July 1, 2018 75,000 794 Total $ 625,000 $ (8,717 ) Three Months Ended March 31, 2016 Amount of Loss Recognized in OCI on Derivatives, net of Tax (Effective Portion) Location of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) (Dollars in Thousands) Derivatives in cash flow hedges Interest rate swaps by effective date: July 1, 2013 $ (827 ) Not applicable $ - August 19, 2013 (379 ) Not applicable - October 9, 2013 (304 ) Not applicable - March 28, 2014 (581 ) Not applicable - June 5, 2015 (749 ) Not applicable - July 28, 2015 (648 ) Not applicable - September 28, 2015 (548 ) Not applicable - December 28, 2015 (510 ) Not applicable - (4,546 ) - Interest rate caps by effective date: June 5, 2013 (77 ) Not applicable - July 1, 2013 (64 ) Not applicable - (141 ) - Total $ (4,687 ) $ - Nine Months Ended March 31, 2016 Amount of Loss Recognized in OCI on Derivatives, net of Tax (Effective Portion) Location of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) (Dollars in Thousands) Derivatives in cash flow hedges Interest rate swaps by effective date: July 1, 2013 $ (715 ) Not applicable $ - August 19, 2013 (250 ) Not applicable - October 9, 2013 (257 ) Not applicable - March 28, 2014 (506 ) Not applicable - June 5, 2015 (829 ) Not applicable - July 28, 2015 (764 ) Not applicable - September 28, 2015 (741 ) Not applicable - December 28, 2015 (818 ) Not applicable - (4,880 ) - Interest rate caps by effective date: June 5, 2013 (123 ) Not applicable - July 1, 2013 (108 ) Not applicable - (231 ) - Total $ (5,111 ) $ - Three Months Ended March 31, 2015 Amount of Loss Recognized in OCI on Derivatives, net of Tax (Effective Portion) Location of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) (Dollars in Thousands) Derivatives in cash flow hedges Interest rate swaps by effective date: July 1, 2013 $ (804 ) Not applicable $ - August 19, 2013 (339 ) Not applicable - October 9, 2013 (259 ) Not applicable - March 28, 2014 (420 ) Not applicable - June 5, 2015 (625 ) Not applicable - July 28, 2015 (536 ) Not applicable - September 28, 2015 (439 ) Not applicable - December 28, 2015 (396 ) Not applicable - (3,818 ) - Interest rate caps by effective date: June 5, 2013 (151 ) Not applicable - July 1, 2013 (138 ) Not applicable - (289 ) - Total $ (4,107 ) $ - Nine Months Ended March 31, 2015 Amount of Loss Recognized in OCI on Derivatives, net of Tax (Effective Portion) Location of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) (Dollars in Thousands) Derivatives in cash flow hedges Interest rate swaps by effective date: July 1, 2013 $ (757 ) Not applicable $ - August 19, 2013 (198 ) Not applicable - October 9, 2013 (206 ) Not applicable - March 28, 2014 (341 ) Not applicable - June 5, 2015 (1,117 ) Not applicable - July 28, 2015 (1,202 ) Not applicable - September 28, 2015 (942 ) Not applicable - December 28, 2015 (850 ) Not applicable - (5,613 ) - Interest rate caps by effective date: June 5, 2013 (234 ) Not applicable - July 1, 2013 (232 ) Not applicable - (466 ) - Total $ (6,079 ) $ - The Company has in place enforceable master netting arrangements with all counterparties. All master netting arrangements include rights to offset associated with the Company’s recognized derivative assets, derivative liabilities, and cash collateral received and pledged. At March 31, 2016, two of the Company’s derivatives were in an asset position totaling $174,000 while the remaining eight derivatives were in a liability position totaling $17.8 million. In total, the Company’s derivatives were in a net liability position of $17.6 million at March 31, 2016 and included in other liabilities as of that date. As required under the enforceable master netting arrangement with its derivatives counterparties, the Company posted financial collateral to two counterparties totaling $17.5 million at March 31, 2016. The financial collateral posted was not included as an offsetting amount at March 31, 2016. At June 30, 2015, two of the Company’s derivatives were in an asset position totaling $794,000 while the remaining eight derivatives were in a liability position totaling $9.5 million. In total, the Company’s derivatives were in a net liability position of $8.7 million at June 30, 2015 and included in other liabilities as of that date. As required under the enforceable master netting arrangement with its derivatives counterparty, the Company posted financial collateral in the amount of $8.7 million at June 30, 2015 that was not included as an offsetting amount. In addition to the derivatives noted above, the Company had outstanding commitments to originate loans held-for-sale totaling $248,000 at March 31, 2016. which are considered free-standing derivative instruments that are not material to our financial condition or results of operations. |
Benefit Plans
Benefit Plans | 9 Months Ended |
Mar. 31, 2016 | |
Compensation And Retirement Disclosure [Abstract] | |
Benefit Plans | 13. BENEFIT PLANS Components of Net Periodic Expense The following table sets forth the aggregate net periodic benefit expense for the Bank’s Benefit Equalization Plan, Postretirement Welfare Plan, Directors’ Consultation and Retirement Plan and Atlas Bank Retirement Income Plan: Three Months Ended March 31, Nine Months Ended March 31, 2016 2015 2016 2015 (In Thousands) (In Thousands) Service cost $ 59 $ 57 $ 176 $ 170 Interest cost 121 82 363 246 Amortization of unrecognized past service liability 9 11 27 35 Amortization of unrecognized loss 9 8 28 22 Expected return on assets (64 ) - (193 ) - Net periodic benefit cost $ 134 $ 158 $ 401 $ 473 Directors Consultation and Retirement Plan On December 23, 2015, the Company amended its Directors Consultation and Retirement Plan (the “DCRP”) to freeze the DCRP such that no additional DCRP benefits will accrue to any participant after December 31, 2015 and to revise the minimum age requirement for benefit vesting purposes. Accordingly, the benefits payable to participating directors under the DCRP will not increase after December 31, 2015. |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 9 Months Ended |
Mar. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | 14. FAIR VALUE OF FINANCIAL INSTRUMENTS The guidance on fair value measurement establishes a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Observable inputs other than Level 1 prices, such as quoted for similar assets or liabilities; quoted prices in markets that are not active; or inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. In addition, the guidance requires the Company to disclose the fair value for assets and liabilities on both a recurring and non-recurring basis. Those assets and liabilities measured at fair value on a recurring basis are summarized below: March 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In Thousands) Debt securities available for sale: U.S. agency securities $ - $ 6,724 $ - $ 6,724 Obligations of state and political subdivisions - 28,066 - 28,066 Asset-backed securities - 84,396 - 84,396 Collateralized loan obligations - 124,941 - 124,941 Corporate bonds - 136,678 - 136,678 Trust preferred securities - 7,263 - 7,263 Total debt securities - 388,068 - 388,068 Mortgage-backed securities available for sale: Collateralized mortgage obligations - 63,744 - 63,744 Residential pass-through securities - 225,469 - 225,469 Commercial pass-through securities - 8,506 - 8,506 Total mortgage-backed securities - 297,719 - 297,719 Total securities available for sale $ - $ 685,787 $ - $ 685,787 Derivative instruments Interest rate swaps $ - $ (17,761 ) $ - $ (17,761 ) Interest rate caps - 174 - 174 Total derivatives $ - $ (17,587 ) $ - $ (17,587 ) June 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In Thousands) Debt securities available for sale: U.S. agency securities $ - $ 7,263 $ - $ 7,263 Obligations of state and political subdivisions - 26,835 - 26,835 Asset-backed securities - 88,032 - 88,032 Collateralized loan obligations - 128,171 - 128,171 Corporate bonds - 162,608 - 162,608 Trust preferred securities - 7,751 - 7,751 Total debt securities - 420,660 - 420,660 Mortgage-backed securities available for sale: Collateralized mortgage obligations - 71,877 - 71,877 Residential pass-through securities - 263,613 - 263,613 Commercial pass-through securities - 11,129 - 11,129 Total mortgage-backed securities - 346,619 - 346,619 Total securities available for sale $ - $ 767,279 $ - $ 767,279 Derivative instruments Interest rate swaps $ - $ (9,511 ) $ - $ (9,511 ) Interest rate caps - 794 - 794 Total derivatives $ - $ (8,717 ) $ - $ (8,717 ) The fair values of securities available for sale (carried at fair value) or held to maturity (carried at amortized cost) are primarily determined by obtaining matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). The Company has contracted with a third party vendor to provide periodic valuations for its interest rate derivatives to determine the fair value of its interest rate caps and swaps. The vendor utilizes standard valuation methodologies applicable to interest rate derivatives such as discounted cash flow analysis and extensions of the Black-Scholes model. Such valuations are based upon readily observable market data and are therefore considered Level 2 valuations by the Company. In addition to the derivative instruments noted above, the Company had outstanding commitments to fund loans held-for sale totaling $248,000 at March 31, 2016 which are considered free-standing derivative instruments, the fair values of which are not material to our financial condition or results of operations. Those assets and liabilities measured at fair value on a non-recurring basis are summarized below: March 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In Thousands) Impaired loans $ - $ - $ 16,106 $ 16,106 Real estate owned $ - $ - $ 775 $ 775 June 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In Thousands) Impaired loans $ - $ - $ 9,742 $ 9,742 Real estate owned $ - $ - $ 547 $ 547 The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis and for which the Company has utilized adjusted Level 3 inputs to determine fair value: March 31, 2016 Fair Value Valuation Techniques Unobservable Input Range Weighted Average (In Thousands) Impaired loans $ 16,106 Market valuation of underlying collateral (1) Direct disposal costs (2) 6% - 10% 6.94 % Real estate owned $ 775 Market valuation of property (3) Direct disposal costs (2) 8% 8.00 % June 30, 2015 Fair Value Valuation Techniques Unobservable Input Range Weighted Average (In Thousands) Impaired loans $ 9,742 Market valuation of underlying collateral (1) Direct disposal costs (2) 6% - 10% 9.45 % Real estate owned $ 547 Market valuation of property (3) Direct disposal costs (2) 8% 8.00 % (1) The fair value of impaired loans is generally determined based on an independent appraisal of the market value of a loan’s underlying collateral. (2 ) The fair value basis of impaired loans and real estate owned is adjusted to reflect management estimates of disposal costs including, but not necessarily limited to, real estate brokerage commissions and title transfer fees, with such cost estimates generally ranging from 6% to 10% of collateral or property market value. (3) The fair value basis of real estate owned is generally determined based upon the lower of an independent appraisal of the property’s market value or the applicable listing price or contracted sales price. An impaired loan is evaluated and valued at the time the loan is identified as impaired at the lower of cost or market value. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Market value is measured based on the value of the collateral securing the loan and is classified at a Level 3 in the fair value hierarchy. Once a loan is identified as individually impaired, management measures impairment in accordance with the FASB’s guidance on accounting by creditors for impairment of a loan with the fair value estimated using the market value of the collateral reduced by estimated disposal costs. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceeds the recorded investments in such loans. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly. At March 31, 2016, impaired loans valued using Level 3 inputs comprised loans with principal balances totaling $17.5 million and valuation allowances of $1.4 million reflecting fair values of $16.1 million. By comparison, at June 30, 2015, impaired loans valued using Level 3 inputs comprised loans with principal balances totaling $10.8 million and valuation allowances of $1.1 million reflecting fair values of $9.7 million. Once a loan is foreclosed, the fair value of the real estate owned continues to be evaluated based upon the market value of the repossessed real estate originally securing the loan. At March 31, 2016, the Company held real estate owned totaling $775,000 whose carrying value was written down utilizing Level 3 inputs during the first nine months of fiscal 2016. At June 30, 2015, the Company held real estate owned totaling $547,000 whose carrying value was written down utilizing Level 3 inputs during fiscal 2015. The following methods and assumptions were used to estimate the fair value of each class of financial instruments at March 31, 2016 and June 30, 2015: Cash and Cash Equivalents, Interest Receivable and Interest Payable. The carrying amounts for cash and cash equivalents, interest receivable and interest payable approximate fair value because they mature in three months or less. Securities. See the discussion presented above concerning assets measured at fair value on a recurring basis. Loans Receivable. Except for certain impaired loans as previously discussed, the fair value of loans receivable is estimated by discounting the future cash flows, using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities, of such loans. FHLB of New York Stock. The carrying amount of restricted investment in bank stock approximates fair value, and considers the limited marketability of such securities. Deposits. The fair value of demand, savings and club accounts is equal to the amount payable on demand at the reporting date. The fair value of certificates of deposit is estimated using rates currently offered for deposits of similar remaining maturities. The fair value estimates do not include the benefit that results from the low-cost funding provided by deposit liabilities compared to the cost of borrowing funds in the market. Advances from FHLB. Fair value is estimated using rates currently offered for advances of similar remaining maturities. Interest Rate Derivatives. See the discussion presented above concerning assets measured at fair value on a recurring basis. Commitments. The fair value of commitments to fund credit lines and originate or participate in loans is estimated using fees currently charged to enter into similar agreements taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed rate loan commitments, fair value also considers the difference between current levels of interest and the committed rates. The carrying value, represented by the net deferred fee arising from the unrecognized commitment, and the fair value, determined by discounting the remaining contractual fee over the term of the commitment using fees currently charged to enter into similar agreements with similar credit risk, is not considered material for disclosure. The contractual amounts of unfunded commitments are presented in Management’s Discussion and Analysis of Financial Condition and Results of Operations under the heading Liquidity and Capital Resources. The carrying amounts and fair values of financial instruments are as follows: March 31, 2016 Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In Thousands) Financial assets: Cash and cash equivalents $ 114,956 $ 114,956 $ 114,956 $ - $ - Debt securities available for sale 388,068 388,068 - 388,068 - Mortgage-backed securities available for sale 297,719 297,719 - 297,719 - Debt securities held to maturity 167,144 168,850 - 168,850 - Mortgage-backed securities held to maturity 425,286 434,334 - 434,334 - Loans receivable 2,697,059 2,690,853 - - 2,690,853 FHLB Stock 29,670 29,670 - - 29,670 Interest receivable 11,626 11,626 11,626 - - Financial liabilities: Deposits (1) 2,660,773 2,674,629 1,465,129 - 1,209,500 Borrowings 618,320 635,903 - - 635,903 Interest payable on borrowings 1,213 1,213 1,213 - - Derivative instruments: Interest rate swaps (17,761 ) (17,761 ) - (17,761 ) - Interest rate caps 174 174 - 174 - (1) Includes accrued interest payable on deposits of $139,000 at March 31, 2016. June 30, 2015 Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In Thousands) Financial assets: Cash and cash equivalents $ 340,136 $ 340,136 $ 340,136 $ - $ - Debt securities available for sale 420,660 420,660 - 420,660 - Mortgage-backed securities available for sale 346,619 346,619 - 346,619 - Debt securities held to maturity 219,862 218,366 - 218,366 - Mortgage-backed securities held to maturity 443,479 445,501 - 445,501 - Loans receivable 2,087,258 2,069,209 - - 2,069,209 FHLB Stock 27,468 27,468 - - 27,468 Interest receivable 9,873 9,873 9,873 - - Financial liabilities: Deposits (1) 2,465,650 2,476,425 1,463,974 - 1,012,451 Borrowings 571,499 585,209 - - 585,209 Interest payable on borrowings 1,020 1,020 1,020 - - Derivative instruments: Interest rate swaps (9,511 ) (9,511 ) - (9,511 ) - Interest rate caps 794 794 - 794 - (1) Includes accrued interest payable on deposits of $80,000 at June 30, 2015. Limitations. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instruments. These estimates do not reflect any premium or discount that could result from offering for sale at one time the entire holdings of a particular financial instrument. Because no market value exists for a significant portion of the financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature, involve uncertainties and matters of judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. The fair value estimates are based on existing on-and-off balance sheet financial instruments without attempting to value anticipated future business and the value of assets and liabilities that are not considered financial instruments. Other significant assets and liabilities that are not considered financial assets and liabilities include premises and equipment, and advances from borrowers for taxes. In addition, the ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in any of the estimates. |
Comprehensive Loss
Comprehensive Loss | 9 Months Ended |
Mar. 31, 2016 | |
Equity [Abstract] | |
Comprehensive Loss | 15. COMPREHENSIVE LOSS The components of accumulated other comprehensive loss included in stockholders’ equity at March 31, 2016 and June 30, 2015 are as follows: March 31, 2016 June 30, 2015 (In Thousands) Net unrealized loss on securities available for sale $ (8,451 ) $ (147 ) Tax effect 3,461 (108 ) Net of tax amount (4,990 ) (255 ) Net unrealized loss on securities available for sale transferred to held to maturity (1,033 ) (1,065 ) Tax effect 422 435 Net of tax amount (611 ) (630 ) Fair value adjustments on derivatives (19,770 ) (11,130 ) Tax effect 8,076 4,547 Net of tax amount (11,694 ) (6,583 ) Benefit plan adjustments (1,350 ) (494 ) Tax effect 551 201 Net of tax amount (799 ) (293 ) Total accumulated other comprehensive loss $ (18,094 ) $ (7,761 ) Other comprehensive loss and related tax effects for the three and nine months ended March 31, 2016 and March 31, 2015 are presented in the following table: Three Months Ended March 31, Nine Months Ended March 31, 2016 2015 2016 2015 (In Thousands) (In Thousands) Net unrealized holding (loss) gain on securities available for sale $ (431 ) $ 3,662 $ (8,304 ) $ 3,626 Amortization of net unrealized holding gain (loss) on securities available for sale transferred to held to maturity (3) 38 (22 ) 32 (20 ) Net realized gain on securities available for sale - - - (7 ) Net unrealized loss on derivatives (7,925 ) (6,943 ) (8,640 ) (10,277 ) Benefit plans: Amortization of: Actuarial loss (1) 9 8 28 22 Past service cost (1) 9 11 27 35 New actuarial loss - - (911 ) (363 ) Net change in benefit plan accrued expense 18 19 (856 ) (306 ) Other comprehensive loss before taxes (8,300 ) (3,284 ) (17,768 ) (6,984 ) Tax effect (2) 3,466 1,351 7,435 3,023 Total other comprehensive loss $ (4,834 ) $ (1,933 ) $ (10,333 ) $ (3,961 ) (1) Represents amounts reclassified out of accumulated other comprehensive income and included in the computation of net periodic pension expense. See Note 14 – Benefit Plans for additional information. (2) The amounts included in income taxes for items reclassified out of accumulated other comprehensive loss totaled $7 and $(350) for the three and nine months ended March 31, 2016, respectively, and $8 and $(127) for the three and six months ended March 31, 2015, respectively. (3) Represents amounts reclassified out of accumulated other comprehensive loss and included in interest income on taxable securities. |
Net Income Per Common Share (25
Net Income Per Common Share ("EPS") (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share Computations | The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations: Three Months Ended March 31, 2016 Nine Months Ended March 31, 2016 Income (Numerator) Shares (Denominator) Per Share Amount Income (Numerator) Shares (Denominator) Per Share Amount (In Thousands, Except Per Share Data) (In Thousands, Except Per Share Data) Net income $ 4,168 $ 10,941 Basic earnings per share, income available to common stockholders $ 4,168 89,690 $ 0.05 $ 10,941 89,640 $ 0.12 Effect of dilutive securities: Stock options - 34 - 32 $ 4,168 89,724 $ 0.05 $ 10,941 89,672 $ 0.12 Three Months Ended March 31, 2015 Nine Months Ended March 31, 2015 Income (Numerator) Shares (Denominator) Per Share Amount Income (Numerator) Shares (Denominator) Per Share Amount (In Thousands, Except Per Share Data) (In Thousands, Except Per Share Data) Net income $ 3,878 $ 8,970 Basic earnings per share, income available to common stockholders $ 3,878 92,595 $ 0.04 $ 8,970 92,530 $ 0.10 Effect of dilutive securities: Stock options - 19 - 158 $ 3,878 92,614 $ 0.04 $ 8,970 92,688 $ 0.10 |
Securities Available for Sale (
Securities Available for Sale (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Schedule of Available-for-sale Securities [Line Items] | |
Amortized Cost, Gross Unrealized Gains and Losses and Fair Values of Securities | March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities available for sale: Debt securities: U.S. agency securities $ 6,622 $ 120 $ 18 $ 6,724 Obligations of state and political subdivisions 27,495 579 8 28,066 Asset-backed securities 87,718 242 3,564 84,396 Collateralized loan obligations 128,654 - 3,713 124,941 Corporate bonds 143,030 - 6,352 136,678 Trust preferred securities 8,902 14 1,653 7,263 Total debt securities 402,421 955 15,308 388,068 Mortgage-backed securities: Collateralized mortgage obligations: Federal Home Loan Mortgage Corporation 22,882 273 83 23,072 Federal National Mortgage Association 40,740 111 306 40,545 Non-agency securities 129 - 2 127 Total collateralized mortgage obligations 63,751 384 391 63,744 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 1,905 178 1 2,082 Federal Home Loan Mortgage Corporation 132,873 2,840 - 135,713 Federal National Mortgage Association 84,988 2,686 - 87,674 Total residential pass-through securities 219,766 5,704 1 225,469 Commercial pass-through securities: Federal National Mortgage Association 8,300 206 - 8,506 Total commercial pass-through securities 8,300 206 - 8,506 Total mortgage-backed securities 291,817 6,294 392 297,719 Total securities available for sale $ 694,238 $ 7,249 $ 15,700 $ 685,787 June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities available for sale: Debt securities: U.S. agency securities $ 7,208 $ 66 $ 11 $ 7,263 Obligations of state and political subdivisions 27,513 26 704 26,835 Asset-backed securities 87,614 879 461 88,032 Collateralized loan obligations 128,624 175 628 128,171 Corporate bonds 163,049 433 874 162,608 Trust preferred securities 8,895 16 1,160 7,751 Total debt securities 422,903 1,595 3,838 420,660 Mortgage-backed securities: Collateralized mortgage obligations: Federal Home Loan Mortgage Corporation 27,392 10 324 27,078 Federal National Mortgage Association 45,522 12 900 44,634 Non-agency securities 167 - 2 165 Total collateralized mortgage obligations 73,081 22 1,226 71,877 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 2,430 225 - 2,655 Federal Home Loan Mortgage Corporation 155,522 2,286 1,358 156,450 Federal National Mortgage Association 102,424 2,749 665 104,508 Total residential pass-through securities 260,376 5,260 2,023 263,613 Commercial pass-through securities: Federal National Mortgage Association 11,066 63 - 11,129 Total commercial pass-through securities 11,066 63 - 11,129 Total mortgage-backed securities 344,523 5,345 3,249 346,619 Total securities available for sale $ 767,426 $ 6,940 $ 7,087 $ 767,279 |
Securities Available for Sale [Member] | |
Schedule of Available-for-sale Securities [Line Items] | |
Stratification by Contractual Maturity of Securities | March 31, 2016 Amortized Cost Fair Value (In Thousands) Debt securities available for sale: Due in one year or less $ - $ - Due after one year through five years 51,025 49,732 Due after five years through ten years 178,116 171,591 Due after ten years 173,280 166,745 Total $ 402,421 $ 388,068 |
Securities Held to Maturity (Ta
Securities Held to Maturity (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Schedule of Held-to-maturity Securities [Line Items] | |
Amortized Cost, Gross Unrealized Gains and Losses and Fair Values of Securities | March 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities held to maturity: Debt securities: U.S. agency securities $ 84,990 $ 14 $ 21 $ 84,983 Obligations of state and political subdivisions 82,154 1,737 24 83,867 Total debt securities 167,144 1,751 45 168,850 Mortgage-backed securities: Collateralized mortgage obligations: Government National Mortgage Association 2,944 7 - 2,951 Federal Home Loan Mortgage Corporation 21,382 34 - 21,416 Federal National Mortgage Association 199 23 - 222 Non-agency securities 36 - 1 35 Total collateralized mortgage obligations 24,561 64 1 24,624 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 8 1 - 9 Federal Home Loan Mortgage Corporation 45,755 261 - 46,016 Federal National Mortgage Association 188,832 2,910 18 191,724 Total residential pass-through securities 234,595 3,172 18 237,749 Commercial pass-through securities: Government National Mortgage Association 9,785 15 - 9,800 Federal National Mortgage Association 156,345 5,816 - 162,161 Total commercial pass-through securities 166,130 5,831 - 171,961 Total mortgage-backed securities 425,286 9,067 19 434,334 Total securities held to maturity $ 592,430 $ 10,818 $ 64 $ 603,184 June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities held to maturity: Debt securities: U.S. agency securities $ 143,334 $ - $ 332 $ 143,002 Obligations of state and political subdivisions 76,528 26 1,190 75,364 Total debt securities 219,862 26 1,522 218,366 Mortgage-backed securities: Collateralized mortgage obligations: Federal Home Loan Mortgage Corporation 15,121 5 - 15,126 Federal National Mortgage Association 221 24 - 245 Non-agency securities 42 - 1 41 Total collateralized mortgage obligations 15,384 29 1 15,412 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 8 1 - 9 Federal Home Loan Mortgage Corporation 44,905 16 218 44,703 Federal National Mortgage Association 214,150 1,090 338 214,902 Total residential pass-through securities 259,063 1,107 556 259,614 Commercial pass-through securities: Government National Mortgage Association 10,111 32 - 10,143 Federal National Mortgage Association 158,921 1,639 228 160,332 Total commercial pass-through securities 169,032 1,671 228 170,475 Total mortgage-backed securities 443,479 2,807 785 445,501 Total securities held to maturity $ 663,341 $ 2,833 $ 2,307 $ 663,867 |
Securities Held to Maturity [Member] | |
Schedule of Held-to-maturity Securities [Line Items] | |
Stratification by Contractual Maturity of Securities | March 31, 2016 Amortized Cost Fair Value (In Thousands) Debt securities held to maturity: Due in one year or less $ 3,361 $ 3,362 Due after one year through five years 100,664 100,794 Due after five years through ten years 43,079 44,084 Due after ten years 20,040 20,610 Total $ 167,144 $ 168,850 |
Impairment of Securities (Table
Impairment of Securities (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Securities Available for Sale [Member] | |
Schedule of Fair Values and Gross Unrealized Losses on Investments | March 31, 2016 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In Thousands) Securities Available for Sale: U.S. agency securities $ - $ - $ 2,089 $ 18 $ 2,089 $ 18 Obligations of state and political subdivisions 573 3 1,483 5 2,056 8 Asset-backed securities 45,399 2,604 14,275 960 59,674 3,564 Collateralized loan obligations 37,518 1,166 87,423 2,547 124,941 3,713 Corporate bonds 46,923 1,067 89,755 5,285 136,678 6,352 Trust preferred securities - - 6,249 1,653 6,249 1,653 Collateralized mortgage obligations 704 4 40,239 387 40,943 391 Residential pass-through securities 13 1 - - 13 1 Total $ 131,130 $ 4,845 $ 241,513 $ 10,855 $ 372,643 $ 15,700 June 30, 2015 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In Thousands) Securities Available for Sale: U.S. agency securities $ 1,533 $ 7 $ 695 $ 4 $ 2,228 $ 11 Obligations of state and political subdivisions 20,575 515 2,943 189 23,518 704 Asset-backed securities 23,855 293 20,067 168 43,922 461 Collateralized loan obligations 49,694 117 59,551 511 109,245 628 Corporate bonds 19,880 120 74,295 754 94,175 874 Trust preferred securities - - 6,734 1,160 6,734 1,160 Collateralized mortgage obligations 5,479 29 52,105 1,197 57,584 1,226 Residential pass-through securities 61,896 1,140 50,513 883 112,409 2,023 Total $ 182,912 $ 2,221 $ 266,903 $ 4,866 $ 449,815 $ 7,087 |
Securities Held to Maturity [Member] | |
Schedule of Fair Values and Gross Unrealized Losses on Investments | March 31, 2016 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In Thousands) Securities Held to Maturity: U.S. agency securities $ - $ - $ 34,972 $ 21 $ 34,972 $ 21 Obligations of state and political subdivisions 5,235 12 969 12 6,204 24 Collateralized mortgage obligations - - 35 1 35 1 Residential pass-through securities - - 2,022 18 2,022 18 Total $ 5,235 $ 12 $ 37,998 $ 52 $ 43,233 $ 64 June 30, 2015 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In Thousands) Securities Held to Maturity: U.S. agency securities $ - $ - $ 143,002 $ 332 $ 143,002 $ 332 Obligations of state and political subdivisions 56,190 840 7,965 350 64,155 1,190 Collateralized mortgage obligations - - 41 1 41 1 Residential pass-through securities 142,789 556 142,789 556 Commercial pass-through securities 18,792 228 - - 18,792 228 Total $ 217,771 $ 1,624 $ 151,008 $ 683 $ 368,779 $ 2,307 |
Loan Quality and Allowance fo29
Loan Quality and Allowance for Loan Losses (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Receivables [Abstract] | |
Impaired Loans Acquired Accretable Yield Change | The following table presents the changes in the accretable yield relating to the acquired credit-impaired loans for the three and nine months ended March 31, 2016 and March 31, 2015. Three Months Ended March 31, 2016 2015 (In Thousands) Beginning balance $ 844 $ 1,684 Accretion to interest income (81 ) (379 ) Disposals - - Reclassifications from nonaccretable difference - - Ending balance $ 763 $ 1,305 Nine Months Ended March 31, 2016 2015 (In Thousands) Beginning balance $ 1,189 $ 1,891 Accretion to interest income (400 ) (586 ) Disposals (26 ) - Reclassifications from nonaccretable difference - - Ending balance $ 763 $ 1,305 |
Allowance for Loan Losses and Loans Receivable | The following tables present the balance of the allowance for loan losses at March 31, 2016 and June 30, 2015 based upon the calculation methodology as described in the Company’s Form 10-K for the fiscal year ended June 30, 2015. The tables identify the valuation allowances attributable to specifically identified impairments on individually evaluated loans, including those acquired with deteriorated credit quality, as well as valuation allowances for impairments on loans evaluated collectively. The tables include the underlying balance of loans receivable applicable to each category as of those dates as well as the activity in the allowance for loan losses for the three and nine months ended March 31, 2016 and March 31, 2015. Unless otherwise noted, the balance of loans reported in the tables below excludes yield adjustments and the allowance for loan loss. Allowance for Loan Losses and Loans Receivable at March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Balance of allowance for loan losses: Originated and purchased loans: Loans individually evaluated for impairment $ 142 $ 84 $ - $ 89 $ 78 $ - $ - $ 393 Loans collectively evaluated for impairment 2,143 16,736 32 1,057 189 34 641 20,832 Allowance for loan losses on originated and purchased loans 2,285 16,820 32 1,146 267 34 641 21,225 Loans acquired at fair value: Loans acquired with deteriorated credit quality - - - 745 - - - 745 Other acquired loans individually evaluated for impairment - 50 - 177 - - - 227 Acquired loans collectively evaluated for impairment 56 414 5 240 44 53 1 813 Allowance for loan losses on loans acquired at fair value 56 464 5 1,162 44 53 1 1,785 Total allowance for loan losses $ 2,341 $ 17,284 $ 37 $ 2,308 $ 311 $ 87 $ 642 $ 23,010 Allowance for Loan Losses and Loans Receivable Period Ended March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the three months ended March 31, 2016: At December 31, 2015: Allocated $ 2,398 $ 15,452 $ 35 $ 1,941 $ 313 $ 88 $ 287 $ 20,514 Unallocated - - - - - - - - Total allowance for loan losses 2,398 15,452 35 1,941 313 88 287 20,514 Total charge offs (27 ) (18 ) - (43 ) (4 ) - (1 ) (93 ) Total recoveries - - - - - - - - Total allocated provisions (30 ) 1,850 2 410 2 (1 ) 356 2,589 Total unallocated provisions - - - - - - - - At March 31, 2016: Allocated 2,341 17,284 37 2,308 311 87 642 23,010 Unallocated - - - - - - - - Total allowance for loan losses $ 2,341 $ 17,284 $ 37 $ 2,308 $ 311 $ 87 $ 642 $ 23,010 Allowance for Loan Losses and Loans Receivable Period Ended March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the nine months ended March 31, 2016: At June 30, 2015: Allocated $ 2,210 $ 11,120 $ 34 $ 1,860 $ 260 $ 106 $ 16 $ 15,606 Unallocated - - - - - - - - Total allowance for loan losses 2,210 11,120 34 1,860 260 106 16 15,606 Total charge offs (1,180 ) (115 ) - (687 ) (38 ) (26 ) (4 ) (2,050 ) Total recoveries 9 - - 759 41 - 1 810 Total allocated provisions 1,302 6,279 3 376 48 7 629 8,644 Total unallocated provisions - - - - - - - - At March 31, 2016: Allocated 2,341 17,284 37 2,308 311 87 642 23,010 Unallocated - - - - - - - - Total allowance for loan losses $ 2,341 $ 17,284 $ 37 $ 2,308 $ 311 $ 87 $ 642 $ 23,010 Allowance for Loan Losses and Loans Receivable Period Ended March 31, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the three months ended March 31, 2015: At December 31, 2014: Allocated $ 2,310 $ 8,392 $ 59 $ 1,407 $ 314 $ 80 $ 22 $ 12,584 Unallocated - - - - - - - - Total allowance for loan losses 2,310 8,392 59 1,407 314 80 22 12,584 Total charge offs (183 ) - - (38 ) (38 ) - (1 ) (260 ) Total recoveries - - - 2 - - - 2 Total allocated provisions 34 1,443 (28 ) 313 5 (5 ) (1 ) 1,761 Total unallocated provisions - - - - - - - - At March 31, 2015: Allocated 2,161 9,835 31 1,684 281 75 20 14,087 Unallocated - - - - - - - - Total allowance for loan losses $ 2,161 $ 9,835 $ 31 $ 1,684 $ 281 $ 75 $ 20 $ 14,087 Allowance for Loan Losses and Loans Receivable Period Ended March 31, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the nine months ended March 31, 2015: At June 30, 2014: Allocated $ 2,729 $ 7,737 $ 67 $ 1,284 $ 460 $ 88 $ 22 $ 12,387 Unallocated - - - - - - - - Total allowance for loan losses 2,729 7,737 67 1,284 460 88 22 12,387 Total charge offs (1,620 ) (612 ) - (489 ) (77 ) - (1 ) (2,799 ) Total recoveries 141 - - 7 - - - 148 Total allocated provisions 911 2,710 (36 ) 882 (102 ) (13 ) (1 ) 4,351 Total unallocated provisions - - - - - - - - At March 31, 2015: Allocated 2,161 9,835 31 1,684 281 75 20 14,087 Unallocated - - - - - - - - Total allowance for loan losses $ 2,161 $ 9,835 $ 31 $ 1,684 $ 281 $ 75 $ 20 $ 14,087 Allowance for Loan Losses and Loans Receivable at March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Balance of loans receivable: Originated and purchased loans: Loans individually evaluated for impairment $ 13,157 $ 3,205 $ - $ 980 $ 1,064 $ 42 $ - $ 18,448 Loans collectively evaluated for impairment 553,447 1,797,427 3,038 69,901 64,399 11,236 24,876 2,524,324 Total originated and purchased loans 566,604 1,800,632 3,038 70,881 65,463 11,278 24,876 2,542,772 Loans acquired at fair value: Loans acquired with deteriorated credit quality 106 308 - 6,657 - - - 7,071 Other acquired loans individually evaluated for impairment - 4,387 368 1,131 468 777 - 7,131 Acquired loans collectively evaluated for impairment 54,158 76,611 327 16,462 4,537 8,087 79 160,261 Total loans acquired at fair value 54,264 81,306 695 24,250 5,005 8,864 79 174,463 Total loans $ 620,868 $ 1,881,938 $ 3,733 $ 95,131 $ 70,468 $ 20,142 $ 24,955 2,717,235 Unamortized yield adjustments 2,834 Loans receivable, net of yield adjustments $ 2,720,069 Allowance for Loan Losses and Loans Receivable at June 30, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Balance of allowance for loan losses: Originated and purchased loans: Loans individually evaluated for impairment $ 116 $ 415 $ - $ 30 $ 12 $ - $ - $ 573 Loans collectively evaluated for impairment 2,031 10,162 29 989 184 33 15 13,443 Allowance for loan losses on originated and purchased loans 2,147 10,577 29 1,019 196 33 15 14,016 Loans acquired at fair value: Loans acquired with deteriorated credit quality - - - 81 - - - 81 Other acquired loans individually evaluated for impairment - 114 - 259 - 24 - 397 Acquired loans collectively evaluated for impairment 63 429 5 501 64 49 1 1,112 Allowance for loan losses on loans acquired at fair value 63 543 5 841 64 73 1 1,590 Total allowance for loan losses $ 2,210 $ 11,120 $ 34 $ 1,860 $ 260 $ 106 $ 16 $ 15,606 Allowance for Loan Losses and Loans Receivable at June 30, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Balance of loans receivable: Originated and purchased loans: Loans individually evaluated for impairment $ 10,240 $ 3,439 $ - $ 1,861 $ 991 $ 26 $ - $ 16,557 Loans collectively evaluated for impairment 520,070 1,214,586 3,328 69,797 63,034 10,854 4,204 1,885,873 Total originated and purchased loans 530,310 1,218,025 3,328 71,658 64,025 10,880 4,204 1,902,430 Loans acquired at fair value: Loans acquired with deteriorated credit quality 116 318 - 7,929 - - - 8,363 Other acquired loans individually evaluated for impairment - 4,196 2,037 927 534 945 - 8,639 Acquired loans collectively evaluated for impairment 61,895 86,564 346 18,937 5,698 9,589 87 183,116 Total loans acquired at fair value 62,011 91,078 2,383 27,793 6,232 10,534 87 200,118 Total loans $ 592,321 $ 1,309,103 $ 5,711 $ 99,451 $ 70,257 $ 21,414 $ 4,291 2,102,548 Unamortized yield adjustments 316 Loans receivable, net of yield adjustments $ 2,102,864 |
Credit-Rating Classification of Loans Receivable | The following tables present key indicators of credit quality regarding the Company’s loan portfolio based upon loan classification and contractual payment status at March 31, 2016 and June 30, 2015 based upon the methodology for identifying and reporting such loans as described in the Company’s Form 10-K for the fiscal year ended June 30, 2015. Credit-Rating Classification of Loans Receivable at March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Originated and purchased loans: Non-classified $ 551,447 $ 1,796,098 $ 2,809 $ 69,835 $ 64,285 $ 11,187 $ 24,875 $ 2,520,536 Classified: Special Mention 500 - 229 66 50 25 - 870 Substandard 14,657 4,468 - 980 1,128 66 - 21,299 Doubtful - 66 - - - - 1 67 Loss - - - - - - - - Total classified loans 15,157 4,534 229 1,046 1,178 91 1 22,236 Total originated and purchased loans 566,604 1,800,632 3,038 70,881 65,463 11,278 24,876 2,542,772 Loans acquired at fair value: Non-classified 52,498 75,931 - 12,520 4,430 7,704 57 153,140 Classified: Special Mention 366 - 327 621 - 239 20 1,573 Substandard 1,400 5,375 368 11,103 575 921 2 19,744 Doubtful - - - 6 - - - 6 Loss - - - - - - - - Total classified loans 1,766 5,375 695 11,730 575 1,160 22 21,323 Total loans acquired at fair value 54,264 81,306 695 24,250 5,005 8,864 79 174,463 Total loans $ 620,868 $ 1,881,938 $ 3,733 $ 95,131 $ 70,468 $ 20,142 $ 24,955 $ 2,717,235 Credit-Rating Classification of Loans Receivable at June 30, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Originated and purchased loans: Non-classified $ 518,592 $ 1,213,307 $ 3,328 $ 69,662 $ 62,902 $ 10,780 $ 4,201 $ 1,882,772 Classified: Special Mention 955 256 - 58 56 74 - 1,399 Substandard 10,763 4,195 - 1,938 1,067 26 3 17,992 Doubtful - 267 - - - - - 267 Loss - - - - - - - - Total classified loans 11,718 4,718 - 1,996 1,123 100 3 19,658 Total originated and purchased loans 530,310 1,218,025 3,328 71,658 64,025 10,880 4,204 1,902,430 Loans acquired at fair value: Non-classified 60,593 82,068 - 13,749 5,588 9,196 60 171,254 Classified: Special Mention 372 3,425 346 7,617 76 242 24 12,102 Substandard 1,046 5,585 2,037 6,421 568 1,096 3 16,756 Doubtful - - - 6 - - - 6 Loss - - - - - - - - Total classified loans 1,418 9,010 2,383 14,044 644 1,338 27 28,864 Total loans acquired at fair value 62,011 91,078 2,383 27,793 6,232 10,534 87 200,118 Total loans $ 592,321 $ 1,309,103 $ 5,711 $ 99,451 $ 70,257 $ 21,414 $ 4,291 $ 2,102,548 |
Contractual Payment Status of Loans Receivable | Contractual Payment Status of Loans Receivable at March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Originated and purchased loans: Current $ 556,940 $ 1,798,031 $ 3,038 $ 70,464 $ 64,940 $ 11,155 $ 24,790 $ 2,529,358 Past due: 30-59 days 1,700 1,214 - 417 - 81 46 3,458 60-89 days 347 58 - - 80 - 40 525 90+ days 7,617 1,329 - - 443 42 - 9,431 Total past due 9,664 2,601 - 417 523 123 86 13,414 Total originated and purchased loans 566,604 1,800,632 3,038 70,881 65,463 11,278 24,876 2,542,772 Loans acquired at fair value: Current 54,158 80,028 327 23,002 4,925 8,276 77 170,793 Past due: 30-59 days 106 207 - - - 24 1 338 60-89 days - 365 - 91 - 128 1 585 90+ days - 706 368 1,157 80 436 - 2,747 Total past due 106 1,278 368 1,248 80 588 2 3,670 Total loans acquired at fair value 54,264 81,306 695 24,250 5,005 8,864 79 174,463 Total loans $ 620,868 $ 1,881,938 $ 3,733 $ 95,131 $ 70,468 $ 20,142 $ 24,955 $ 2,717,235 Contractual Payment Status of Loans Receivable at June 30, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Originated and purchased loans: Current $ 524,780 $ 1,216,644 $ 3,328 $ 70,529 $ 63,457 $ 10,828 $ 4,199 $ 1,893,765 Past due: 30-59 days 420 256 - 23 114 - 4 817 60-89 days 685 - - - - 26 - 711 90+ days 4,425 1,125 - 1,106 454 26 1 7,137 Total past due 5,530 1,381 - 1,129 568 52 5 8,665 Total originated and purchased loans 530,310 1,218,025 3,328 71,658 64,025 10,880 4,204 1,902,430 Loans acquired at fair value: Current 61,895 89,796 1,610 25,721 5,993 9,577 85 194,677 Past due: 30-59 days 116 - - - 134 12 - 262 60-89 days - 468 - - - - 1 469 90+ days - 814 773 2,072 105 945 1 4,710 Total past due 116 1,282 773 2,072 239 957 2 5,441 Total loans acquired at fair value 62,011 91,078 2,383 27,793 6,232 10,534 87 200,118 Total loans $ 592,321 $ 1,309,103 $ 5,711 $ 99,451 $ 70,257 $ 21,414 $ 4,291 $ 2,102,548 |
Performance Status of Loans Receivable | The following tables present information relating to the Company’s nonperforming and impaired loans at March 31, 2016 and June 30, 2015 based upon the methodology for identifying and reporting such loans as described in the Company’s Form 10-K for the fiscal year ended June 30, 2015. Loans reported as “90+ days past due accruing” in the table immediately below are also reported in the preceding contractual payment status table under the heading “90+ days past due”. Performance Status of Loans Receivable at March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Originated and purchased loans: Performing $ 555,660 $ 1,797,427 $ 3,038 $ 69,920 $ 64,899 $ 11,236 $ 24,876 $ 2,527,056 Nonperforming: 90+ days past due accruing - - - - - - - - Nonaccrual 10,944 3,205 - 961 564 42 - 15,716 Total nonperforming 10,944 3,205 - 961 564 42 - 15,716 Total originated and purchased loans 566,604 1,800,632 3,038 70,881 65,463 11,278 24,876 2,542,772 Loans acquired at fair value: Performing 54,158 77,284 327 16,906 4,721 8,428 79 161,903 Nonperforming: 90+ days past due accruing - - - - - - - - Nonaccrual 106 4,022 368 7,344 284 436 - 12,560 Total nonperforming 106 4,022 368 7,344 284 436 - 12,560 Total loans acquired at fair value 54,264 81,306 695 24,250 5,005 8,864 79 174,463 Total loans $ 620,868 $ 1,881,938 $ 3,733 $ 95,131 $ 70,468 $ 20,142 $ 24,955 $ 2,717,235 Performance Status of Loans Receivable at June 30, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Originated and purchased loans: Performing $ 522,474 $ 1,214,653 $ 3,328 $ 69,819 $ 63,563 $ 10,854 $ 4,203 $ 1,888,894 Nonperforming: 90+ days past due accruing - - - - - - - - Nonaccrual 7,836 3,372 - 1,839 462 26 1 13,536 Total nonperforming 7,836 3,372 - 1,839 462 26 1 13,536 Total originated and purchased loans 530,310 1,218,025 3,328 71,658 64,025 10,880 4,204 1,902,430 Loans acquired at fair value: Performing 61,895 87,273 346 25,688 5,882 9,589 86 190,759 Nonperforming: 90+ days past due accruing - - - - - - - - Nonaccrual 116 3,805 2,037 2,105 350 945 1 9,359 Total nonperforming 116 3,805 2,037 2,105 350 945 1 9,359 Total loans acquired at fair value 62,011 91,078 2,383 27,793 6,232 10,534 87 200,118 Total loans $ 592,321 $ 1,309,103 $ 5,711 $ 99,451 $ 70,257 $ 21,414 $ 4,291 $ 2,102,548 |
Impairment Status of Loans Receivable | Impairment Status of Loans Receivable at March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Carrying value of impaired loans: Originated and purchased loans: Non-impaired loans $ 553,447 $ 1,797,427 $ 3,038 $ 69,901 $ 64,399 $ 11,236 $ 24,876 $ 2,524,324 Impaired loans: Impaired loans with no allowance for impairment 8,550 3,081 - 960 983 42 - 13,616 Impaired loans with allowance for impairment: Recorded investment 4,607 124 - 20 81 - - 4,832 Allowance for impairment (142 ) (84 ) - (89 ) (78 ) - - (393 ) Balance of impaired loans net of allowance for impairment 4,465 40 - (69 ) 3 - - 4,439 Total impaired loans, excluding allowance for impairment: 13,157 3,205 - 980 1,064 42 - 18,448 Total originated and purchased loans 566,604 1,800,632 3,038 70,881 65,463 11,278 24,876 2,542,772 Loans acquired at fair value: Non-impaired loans 54,158 76,611 327 16,462 4,537 8,087 79 160,261 Impaired loans: Impaired loans with no allowance for impairment 106 4,330 368 1,406 468 777 - 7,455 Impaired loans with allowance for impairment: Recorded investment - 365 - 6,382 - - - 6,747 Allowance for impairment - (50 ) - (922 ) - - - (972 ) Balance of impaired loans net of allowance for impairment - 315 - 5,460 - - - 5,775 Total impaired loans, excluding allowance for impairment: 106 4,695 368 7,788 468 777 - 14,202 Total loans acquired at fair value 54,264 81,306 695 24,250 5,005 8,864 79 174,463 Total loans $ 620,868 $ 1,881,938 $ 3,733 $ 95,131 $ 70,468 $ 20,142 $ 24,955 $ 2,717,235 Unpaid principal balance of impaired loans: Originated and purchased loans $ 17,371 $ 4,522 $ 73 $ 1,072 $ 1,132 $ 42 $ - $ 24,212 Loans acquired at fair value 144 5,187 391 9,506 589 863 - 16,680 Total impaired loans $ 17,515 $ 9,709 $ 464 $ 10,578 $ 1,721 $ 905 $ - $ 40,892 Impairment Status of Loans Receivable at June 30, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Carrying value of impaired loans: Originated and purchased loans: Non-impaired loans $ 520,070 $ 1,214,586 $ 3,328 $ 69,797 $ 63,034 $ 10,854 $ 4,204 $ 1,885,873 Impaired loans: Impaired loans with no allowance for impairment 8,387 1,777 - 1,418 905 26 - 12,513 Impaired loans with allowance for impairment: Recorded investment 1,853 1,662 - 443 86 - - 4,044 Allowance for impairment (116 ) (415 ) - (30 ) (12 ) - - (573 ) Balance of impaired loans net of allowance for impairment 1,737 1,247 - 413 74 - - 3,471 Total impaired loans, excluding allowance for impairment: 10,240 3,439 - 1,861 991 26 - 16,557 Total originated and purchased loans 530,310 1,218,025 3,328 71,658 64,025 10,880 4,204 1,902,430 Loans acquired at fair value: Non-impaired loans 61,895 86,564 346 18,937 5,698 9,589 87 183,116 Impaired loans: Impaired loans with no allowance for impairment 116 4,072 2,037 8,214 534 488 - 15,461 Impaired loans with allowance for impairment: Recorded investment - 442 - 642 - 457 - 1,541 Allowance for impairment - (114 ) - (340 ) - (24 ) - (478 ) Balance of impaired loans net of allowance for impairment - 328 - 302 - 433 - 1,063 Total impaired loans, excluding allowance for impairment: 116 4,514 2,037 8,856 534 945 - 17,002 Total loans acquired at fair value 62,011 91,078 2,383 27,793 6,232 10,534 87 200,118 Total loans $ 592,321 $ 1,309,103 $ 5,711 $ 99,451 $ 70,257 $ 21,414 $ 4,291 $ 2,102,548 Unpaid principal balance of impaired loans: Originated and purchased loans $ 16,985 $ 4,103 $ - $ 2,036 $ 1,014 $ 26 $ - $ 24,164 Loans acquired at fair value 147 4,759 2,118 10,506 561 975 - 19,066 Total impaired loans $ 17,132 $ 8,862 $ 2,118 $ 12,542 $ 1,575 $ 1,001 $ - $ 43,230 Impairment Status of Loans Receivable Period Ended March 31, 2016 and 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) For the three months ended March 31, 2016: Average balance of impaired loans $ 12,827 $ 7,998 $ 387 $ 8,793 $ 1,507 $ 834 $ - $ 32,346 Interest earned on impaired loans $ 45 $ 8 $ - $ 182 $ 11 $ 3 $ - $ 249 For the nine months ended March 31, 2016: Average balance of impaired loans $ 11,926 $ 8,011 $ 1,046 $ 9,438 $ 1,507 $ 910 $ - $ 32,838 Interest earned on impaired loans $ 156 $ 27 $ - $ 573 $ 39 $ 4 $ - $ 799 For the three months ended March 31, 2015: Average balance of impaired loans $ 12,462 $ 7,626 $ 2,421 $ 11,794 $ 1,657 $ 972 $ - $ 36,932 Interest earned on impaired loans $ 33 $ 28 $ - $ 233 $ 10 $ - $ - $ 304 For the nine months ended March 31, 2015: Average balance of impaired loans $ 12,867 $ 7,837 $ 1,818 $ 11,795 $ 1,645 $ 1,015 $ - $ 36,977 Interest earned on impaired loans $ 105 $ 49 $ 5 $ 639 $ 35 $ - $ - $ 833 |
Troubled Debt Restructurings of Loans Receivable | The following table presents information regarding the restructuring of the Company’s troubled debts during the three and nine months ended March 31, 2016 and 2015 and any defaults during those periods of TDRs that were restructured within 12 months of the date of default. Troubled Debt Restructurings of Loans Receivable Period Ended March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Troubled debt restructuring activity for the three months ended March 31, 2016 Originated and purchased loans Number of loans 2 - - - 1 - - 3 Pre-modification outstanding recorded investment $ 673 $ - $ - $ - $ 41 $ - $ - $ 714 Post-modification outstanding recorded investment 687 - - - 37 - - $ 724 Charge offs against the allowance for loan loss recognized at modification 8 - - - 4 - - $ 12 Loans acquired at fair value Number of loans - - - - - - - - Pre-modification outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Post-modification outstanding recorded investment - - - - - - - $ - Charge offs against the allowance for loan loss recognized at modification - - - - - - - $ - Troubled debt restructuring defaults for the three months ended March 31, 2016 Originated and purchased loans Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Loans acquired at fair value Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Troubled Debt Restructurings of Loans Receivable Period Ended March 31, 2016 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Troubled debt restructuring activity for the nine months ended March 31, 2016 Originated and purchased loans Number of loans 5 - - - 1 - - 6 Pre-modification outstanding recorded investment $ 1,770 $ - $ - $ - $ 41 $ - $ - $ 1,811 Post-modification outstanding recorded investment 1,472 - - - 37 - - $ 1,509 Charge offs against the allowance for loan loss recognized at modification 300 - - - 4 - - $ 304 Loans acquired at fair value Number of loans - 3 - - 2 - - 5 Pre-modification outstanding recorded investment $ - $ 2,285 $ - $ - $ 110 $ - $ - $ 2,395 Post-modification outstanding recorded investment - 2,290 - - 87 - - $ 2,377 Charge offs against the allowance for loan loss recognized at modification - - - - 24 - - $ 24 Troubled debt restructuring defaults for the nine months ended March 31, 2016 Originated and purchased loans Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Loans acquired at fair value Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Troubled Debt Restructurings of Loans Receivable Period Ended March 31, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Troubled debt restructuring activity for the three months ended March 31, 2015 Originated and purchased loans Number of loans - - - - - - - - Pre-modification outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Post-modification outstanding recorded investment - - - - - - - $ - Charge offs against the allowance for loan loss recognized at modification - - - - - - - $ - Loans acquired at fair value Number of loans - - - - - - - - Pre-modification outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Post-modification outstanding recorded investment - - - - - - - $ - Charge offs against the allowance for loan loss recognized at modification - - - - - - - $ - Troubled debt restructuring defaults for the three months ended March 31, 2015 Originated and purchased loans Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Loans acquired at fair value Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Troubled Debt Restructurings of Loans Receivable Period Ended March 31, 2015 Residential Mortgage Commercial Mortgage Construction Commercial Business Home Equity Loans Home Equity Lines of Credit Other Consumer Total (In Thousands) Troubled debt restructuring activity for the nine months ended March 31, 2015 Originated and purchased loans Number of loans 5 - - 2 - - - 7 Pre-modification outstanding recorded investment $ 1,955 $ - $ - $ 348 $ - $ - $ - $ 2,303 Post-modification outstanding recorded investment 1,823 - - 322 - - - $ 2,145 Charge offs against the allowance for loan loss recognized at modification 261 - - 27 - - - $ 288 Loans acquired at fair value Number of loans - - - - - - - - Pre-modification outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Post-modification outstanding recorded investment - - - - - - - $ - Charge offs against the allowance for loan loss recognized at modification - - - - - - - $ - Troubled debt restructuring defaults for the nine months ended March 31, 2015 Originated and purchased loans Number of loans 1 - - - - - - 1 Outstanding recorded investment $ 419 $ - $ - $ - $ - $ - $ - $ 419 Loans acquired at fair value Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - |
Borrowings (Tables)
Borrowings (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
Schedule of Fixed Rate Advances from FHLB | Fixed rate advances from the FHLB of New York mature as follows: March 31, 2016 June 30, 2015 Balance Weighted Average Interest Rate Balance Weighted Average Interest Rate (Dollars in Thousands) Maturing in years ending June 30: 2016 $ 431,500 0.69 % $ 382,500 0.41 % 2017 3,000 1.05 3,000 1.05 2018 5,225 1.18 5,225 1.18 2021 597 4.94 671 4.94 2023 145,000 3.04 145,000 3.04 Total borrowings 585,322 1.28 % 536,396 1.13 % Fair value adjustments (5 ) 9 Total borrowings, net of fair value adjustments $ 585,317 $ 536,405 |
Derivative Instruments and He31
Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Schedule of Interest Rate Derivatives | The effects of derivative instruments on the statements of condition included in the Consolidated Financial Statements at March 31, 2016 and June 30, 2015 and for the three and nine months ended March 31, 2016 and March 31, 2015 are as follows: March 31, 2016 Notional/ Contract Amount Fair Value Balance Sheet Location Expiration Date (Dollars in Thousands) Derivatives designated as hedging instruments Interest rate swaps by effective date: July 1, 2013 $ 165,000 $ (1,977 ) Other liabilities July 1, 2018 August 19, 2013 75,000 (1,572 ) Other liabilities August 20, 2018 October 9, 2013 50,000 (835 ) Other liabilities October 9, 2018 March 28, 2014 75,000 (2,228 ) Other liabilities March 28, 2019 June 5, 2015 60,000 (3,121 ) Other liabilities June 5, 2020 July 28, 2015 50,000 (2,987 ) Other liabilities July 28, 2020 September 28, 2015 40,000 (2,541 ) Other liabilities September 28, 2020 December 28, 2015 35,000 (2,500 ) Other liabilities December 28, 2020 550,000 (17,761 ) Interest rate caps by effective date: June 5, 2013 40,000 95 Other liabilities June 5, 2018 July 1, 2013 35,000 79 Other liabilities July 1, 2018 75,000 174 Total $ 625,000 $ (17,587 ) June 30, 2015 Notional/ Contract Amount Fair Value Balance Sheet Location Expiration Date (Dollars in Thousands) Derivatives designated as hedging instruments Interest rate swaps by effective date: July 1, 2013 $ 165,000 $ (768 ) Other liabilities July 1, 2018 August 19, 2013 75,000 (1,149 ) Other liabilities August 20, 2018 October 9, 2013 50,000 (400 ) Other liabilities October 9, 2018 March 28, 2014 75,000 (1,372 ) Other liabilities March 28, 2019 June 5, 2015 60,000 (1,717 ) Other liabilities June 5, 2020 July 28, 2015 50,000 (1,697 ) Other liabilities July 28, 2020 September 28, 2015 40,000 (1,289 ) Other liabilities September 28, 2020 December 28, 2015 35,000 (1,119 ) Other liabilities December 28, 2020 550,000 (9,511 ) Interest rate caps by effective date: June 5, 2013 40,000 428 Other liabilities June 5, 2018 July 1, 2013 35,000 366 Other liabilities July 1, 2018 75,000 794 Total $ 625,000 $ (8,717 ) Three Months Ended March 31, 2016 Amount of Loss Recognized in OCI on Derivatives, net of Tax (Effective Portion) Location of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) (Dollars in Thousands) Derivatives in cash flow hedges Interest rate swaps by effective date: July 1, 2013 $ (827 ) Not applicable $ - August 19, 2013 (379 ) Not applicable - October 9, 2013 (304 ) Not applicable - March 28, 2014 (581 ) Not applicable - June 5, 2015 (749 ) Not applicable - July 28, 2015 (648 ) Not applicable - September 28, 2015 (548 ) Not applicable - December 28, 2015 (510 ) Not applicable - (4,546 ) - Interest rate caps by effective date: June 5, 2013 (77 ) Not applicable - July 1, 2013 (64 ) Not applicable - (141 ) - Total $ (4,687 ) $ - Nine Months Ended March 31, 2016 Amount of Loss Recognized in OCI on Derivatives, net of Tax (Effective Portion) Location of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) (Dollars in Thousands) Derivatives in cash flow hedges Interest rate swaps by effective date: July 1, 2013 $ (715 ) Not applicable $ - August 19, 2013 (250 ) Not applicable - October 9, 2013 (257 ) Not applicable - March 28, 2014 (506 ) Not applicable - June 5, 2015 (829 ) Not applicable - July 28, 2015 (764 ) Not applicable - September 28, 2015 (741 ) Not applicable - December 28, 2015 (818 ) Not applicable - (4,880 ) - Interest rate caps by effective date: June 5, 2013 (123 ) Not applicable - July 1, 2013 (108 ) Not applicable - (231 ) - Total $ (5,111 ) $ - Three Months Ended March 31, 2015 Amount of Loss Recognized in OCI on Derivatives, net of Tax (Effective Portion) Location of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) (Dollars in Thousands) Derivatives in cash flow hedges Interest rate swaps by effective date: July 1, 2013 $ (804 ) Not applicable $ - August 19, 2013 (339 ) Not applicable - October 9, 2013 (259 ) Not applicable - March 28, 2014 (420 ) Not applicable - June 5, 2015 (625 ) Not applicable - July 28, 2015 (536 ) Not applicable - September 28, 2015 (439 ) Not applicable - December 28, 2015 (396 ) Not applicable - (3,818 ) - Interest rate caps by effective date: June 5, 2013 (151 ) Not applicable - July 1, 2013 (138 ) Not applicable - (289 ) - Total $ (4,107 ) $ - Nine Months Ended March 31, 2015 Amount of Loss Recognized in OCI on Derivatives, net of Tax (Effective Portion) Location of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) Amount of Gain (Loss) Recognized in Income of Derivatives (Ineffective Portion) (Dollars in Thousands) Derivatives in cash flow hedges Interest rate swaps by effective date: July 1, 2013 $ (757 ) Not applicable $ - August 19, 2013 (198 ) Not applicable - October 9, 2013 (206 ) Not applicable - March 28, 2014 (341 ) Not applicable - June 5, 2015 (1,117 ) Not applicable - July 28, 2015 (1,202 ) Not applicable - September 28, 2015 (942 ) Not applicable - December 28, 2015 (850 ) Not applicable - (5,613 ) - Interest rate caps by effective date: June 5, 2013 (234 ) Not applicable - July 1, 2013 (232 ) Not applicable - (466 ) - Total $ (6,079 ) $ - |
Benefit Plans (Tables)
Benefit Plans (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Compensation And Retirement Disclosure [Abstract] | |
Schedule of Net Periodic Benefit Expense | The following table sets forth the aggregate net periodic benefit expense for the Bank’s Benefit Equalization Plan, Postretirement Welfare Plan, Directors’ Consultation and Retirement Plan and Atlas Bank Retirement Income Plan: Three Months Ended March 31, Nine Months Ended March 31, 2016 2015 2016 2015 (In Thousands) (In Thousands) Service cost $ 59 $ 57 $ 176 $ 170 Interest cost 121 82 363 246 Amortization of unrecognized past service liability 9 11 27 35 Amortization of unrecognized loss 9 8 28 22 Expected return on assets (64 ) - (193 ) - Net periodic benefit cost $ 134 $ 158 $ 401 $ 473 |
Fair Value of Financial Instr33
Fair Value of Financial Instruments (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Schedule of Assets and Liabilities Measured At Fair Value on a Recurring Basis | Those assets and liabilities measured at fair value on a recurring basis are summarized below: March 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In Thousands) Debt securities available for sale: U.S. agency securities $ - $ 6,724 $ - $ 6,724 Obligations of state and political subdivisions - 28,066 - 28,066 Asset-backed securities - 84,396 - 84,396 Collateralized loan obligations - 124,941 - 124,941 Corporate bonds - 136,678 - 136,678 Trust preferred securities - 7,263 - 7,263 Total debt securities - 388,068 - 388,068 Mortgage-backed securities available for sale: Collateralized mortgage obligations - 63,744 - 63,744 Residential pass-through securities - 225,469 - 225,469 Commercial pass-through securities - 8,506 - 8,506 Total mortgage-backed securities - 297,719 - 297,719 Total securities available for sale $ - $ 685,787 $ - $ 685,787 Derivative instruments Interest rate swaps $ - $ (17,761 ) $ - $ (17,761 ) Interest rate caps - 174 - 174 Total derivatives $ - $ (17,587 ) $ - $ (17,587 ) June 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In Thousands) Debt securities available for sale: U.S. agency securities $ - $ 7,263 $ - $ 7,263 Obligations of state and political subdivisions - 26,835 - 26,835 Asset-backed securities - 88,032 - 88,032 Collateralized loan obligations - 128,171 - 128,171 Corporate bonds - 162,608 - 162,608 Trust preferred securities - 7,751 - 7,751 Total debt securities - 420,660 - 420,660 Mortgage-backed securities available for sale: Collateralized mortgage obligations - 71,877 - 71,877 Residential pass-through securities - 263,613 - 263,613 Commercial pass-through securities - 11,129 - 11,129 Total mortgage-backed securities - 346,619 - 346,619 Total securities available for sale $ - $ 767,279 $ - $ 767,279 Derivative instruments Interest rate swaps $ - $ (9,511 ) $ - $ (9,511 ) Interest rate caps - 794 - 794 Total derivatives $ - $ (8,717 ) $ - $ (8,717 ) |
Schedule of Assets and Liabilities Measured At Fair Value on a Non-recurring Basis | Those assets and liabilities measured at fair value on a non-recurring basis are summarized below: March 31, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In Thousands) Impaired loans $ - $ - $ 16,106 $ 16,106 Real estate owned $ - $ - $ 775 $ 775 June 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total (In Thousands) Impaired loans $ - $ - $ 9,742 $ 9,742 Real estate owned $ - $ - $ 547 $ 547 |
Schedule of Quantitative Information about Level 3 Fair Value Measurements | The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis and for which the Company has utilized adjusted Level 3 inputs to determine fair value: March 31, 2016 Fair Value Valuation Techniques Unobservable Input Range Weighted Average (In Thousands) Impaired loans $ 16,106 Market valuation of underlying collateral (1) Direct disposal costs (2) 6% - 10% 6.94 % Real estate owned $ 775 Market valuation of property (3) Direct disposal costs (2) 8% 8.00 % June 30, 2015 Fair Value Valuation Techniques Unobservable Input Range Weighted Average (In Thousands) Impaired loans $ 9,742 Market valuation of underlying collateral (1) Direct disposal costs (2) 6% - 10% 9.45 % Real estate owned $ 547 Market valuation of property (3) Direct disposal costs (2) 8% 8.00 % (1) The fair value of impaired loans is generally determined based on an independent appraisal of the market value of a loan’s underlying collateral. (2 ) The fair value basis of impaired loans and real estate owned is adjusted to reflect management estimates of disposal costs including, but not necessarily limited to, real estate brokerage commissions and title transfer fees, with such cost estimates generally ranging from 6% to 10% of collateral or property market value. (3) The fair value basis of real estate owned is generally determined based upon the lower of an independent appraisal of the property’s market value or the applicable listing price or contracted sales price. |
Schedule of Carrying Amounts and Fair Values of Financial Instruments | The carrying amounts and fair values of financial instruments are as follows: March 31, 2016 Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In Thousands) Financial assets: Cash and cash equivalents $ 114,956 $ 114,956 $ 114,956 $ - $ - Debt securities available for sale 388,068 388,068 - 388,068 - Mortgage-backed securities available for sale 297,719 297,719 - 297,719 - Debt securities held to maturity 167,144 168,850 - 168,850 - Mortgage-backed securities held to maturity 425,286 434,334 - 434,334 - Loans receivable 2,697,059 2,690,853 - - 2,690,853 FHLB Stock 29,670 29,670 - - 29,670 Interest receivable 11,626 11,626 11,626 - - Financial liabilities: Deposits (1) 2,660,773 2,674,629 1,465,129 - 1,209,500 Borrowings 618,320 635,903 - - 635,903 Interest payable on borrowings 1,213 1,213 1,213 - - Derivative instruments: Interest rate swaps (17,761 ) (17,761 ) - (17,761 ) - Interest rate caps 174 174 - 174 - (1) Includes accrued interest payable on deposits of $139,000 at March 31, 2016. June 30, 2015 Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In Thousands) Financial assets: Cash and cash equivalents $ 340,136 $ 340,136 $ 340,136 $ - $ - Debt securities available for sale 420,660 420,660 - 420,660 - Mortgage-backed securities available for sale 346,619 346,619 - 346,619 - Debt securities held to maturity 219,862 218,366 - 218,366 - Mortgage-backed securities held to maturity 443,479 445,501 - 445,501 - Loans receivable 2,087,258 2,069,209 - - 2,069,209 FHLB Stock 27,468 27,468 - - 27,468 Interest receivable 9,873 9,873 9,873 - - Financial liabilities: Deposits (1) 2,465,650 2,476,425 1,463,974 - 1,012,451 Borrowings 571,499 585,209 - - 585,209 Interest payable on borrowings 1,020 1,020 1,020 - - Derivative instruments: Interest rate swaps (9,511 ) (9,511 ) - (9,511 ) - Interest rate caps 794 794 - 794 - (1) Includes accrued interest payable on deposits of $80,000 at June 30, 2015. |
Comprehensive Loss (Tables)
Comprehensive Loss (Tables) | 9 Months Ended |
Mar. 31, 2016 | |
Equity [Abstract] | |
Schedule of Accumulated Other Comprehensive Loss | The components of accumulated other comprehensive loss included in stockholders’ equity at March 31, 2016 and June 30, 2015 are as follows: March 31, 2016 June 30, 2015 (In Thousands) Net unrealized loss on securities available for sale $ (8,451 ) $ (147 ) Tax effect 3,461 (108 ) Net of tax amount (4,990 ) (255 ) Net unrealized loss on securities available for sale transferred to held to maturity (1,033 ) (1,065 ) Tax effect 422 435 Net of tax amount (611 ) (630 ) Fair value adjustments on derivatives (19,770 ) (11,130 ) Tax effect 8,076 4,547 Net of tax amount (11,694 ) (6,583 ) Benefit plan adjustments (1,350 ) (494 ) Tax effect 551 201 Net of tax amount (799 ) (293 ) Total accumulated other comprehensive loss $ (18,094 ) $ (7,761 ) |
Schedule of Comprehensive Loss | Other comprehensive loss and related tax effects for the three and nine months ended March 31, 2016 and March 31, 2015 are presented in the following table: Three Months Ended March 31, Nine Months Ended March 31, 2016 2015 2016 2015 (In Thousands) (In Thousands) Net unrealized holding (loss) gain on securities available for sale $ (431 ) $ 3,662 $ (8,304 ) $ 3,626 Amortization of net unrealized holding gain (loss) on securities available for sale transferred to held to maturity (3) 38 (22 ) 32 (20 ) Net realized gain on securities available for sale - - - (7 ) Net unrealized loss on derivatives (7,925 ) (6,943 ) (8,640 ) (10,277 ) Benefit plans: Amortization of: Actuarial loss (1) 9 8 28 22 Past service cost (1) 9 11 27 35 New actuarial loss - - (911 ) (363 ) Net change in benefit plan accrued expense 18 19 (856 ) (306 ) Other comprehensive loss before taxes (8,300 ) (3,284 ) (17,768 ) (6,984 ) Tax effect (2) 3,466 1,351 7,435 3,023 Total other comprehensive loss $ (4,834 ) $ (1,933 ) $ (10,333 ) $ (3,961 ) (1) Represents amounts reclassified out of accumulated other comprehensive income and included in the computation of net periodic pension expense. See Note 14 – Benefit Plans for additional information. (2) The amounts included in income taxes for items reclassified out of accumulated other comprehensive loss totaled $7 and $(350) for the three and nine months ended March 31, 2016, respectively, and $8 and $(127) for the three and six months ended March 31, 2015, respectively. (3) Represents amounts reclassified out of accumulated other comprehensive loss and included in interest income on taxable securities. |
Net Income Per Common Share (EP
Net Income Per Common Share (EPS) - Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share Computations (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Earnings Per Share [Abstract] | ||||
Income (Numerator): Net income | $ 4,168 | $ 3,878 | $ 10,941 | $ 8,970 |
Income (Numerator): Basic earnings per share, income available to common stockholders | 4,168 | 3,878 | 10,941 | 8,970 |
Income (Numerator): Diluted earnings per share | $ 4,168 | $ 3,878 | $ 10,941 | $ 8,970 |
Shares (Denominator): Basic earnings per share, income available to common stockholders | 89,690 | 92,595 | 89,640 | 92,530 |
Shares (Denominator): Stock options | 34 | 19 | 32 | 158 |
Shares (Denominator): Diluted earnings per share | 89,724 | 92,614 | 89,672 | 92,688 |
Per Share Amount: Basic earnings per share, income available to common stockholders | $ 0.05 | $ 0.04 | $ 0.12 | $ 0.10 |
Per Share Amount: Diluted earnings per share | $ 0.05 | $ 0.04 | $ 0.12 | $ 0.10 |
Net Income Per Common Share (36
Net Income Per Common Share (EPS) - Additional Information (Detail) - shares | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Stock Options [Member] | ||||
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | ||||
Average number of options anti-dilutive | 228,874 | 224,085 | 256,443 | 245,097 |
Plan of Conversion and Stock 37
Plan of Conversion and Stock Offering - Additional Information (Detail) $ / shares in Units, $ in Millions | May. 18, 2015USD ($)$ / sharesshares | Mar. 31, 2016USD ($) |
Plan Of Reorganization [Abstract] | ||
Number of common stock shares sold | shares | 71,750,000 | |
Common stock price | $ / shares | $ 10 | |
Proceeds from common stock shares sold | $ 717.5 | |
Stock issued during period, value, Employee Stock Ownership Plan | shares | 3,612,500 | |
Stock issued during period, shares, Employee Stock Ownership Plan | $ 36.1 | |
Number of common stock issued for funding of KeamyBank Foundation | shares | 500,000 | |
Value of the additional common stock shares issued | $ 5 | |
Cash contribution to KeamyBank Foundation | $ 5 | |
Conversion and public offering costs | $ 10.7 | |
Increase in equity capital | 670.7 | |
Additional investment in bank's common equity | $ 353.4 | |
Stock exchange ratio | 1.3804 |
Securities Available for Sale -
Securities Available for Sale - Amortized Cost, Gross Unrealized Gains and Losses and Fair Values of Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | $ 402,421 | $ 422,903 |
Securities available for sale, Fair value | 388,068 | 420,660 |
Securities available for sale, Amortized Cost | 694,238 | 767,426 |
Mortgage-backed securities, Gross Unrealized Gains | 7,249 | 6,940 |
Mortgage-backed securities, Gross Unrealized Losses | 15,700 | 7,087 |
Securities available for sale, Fair value | 685,787 | 767,279 |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 291,817 | 344,523 |
Mortgage-backed securities, Gross Unrealized Gains | 6,294 | 5,345 |
Mortgage-backed securities, Gross Unrealized Losses | 392 | 3,249 |
Securities available for sale, Fair value | 297,719 | 346,619 |
Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 402,421 | 422,903 |
Securities available for sale, Gross Unrealized Gains | 955 | 1,595 |
Securities available for sale, Gross Unrealized Losses | 15,308 | 3,838 |
Securities available for sale, Fair value | 388,068 | 420,660 |
Debt Securities [Member] | U.S. Agency Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 6,622 | 7,208 |
Securities available for sale, Gross Unrealized Gains | 120 | 66 |
Securities available for sale, Gross Unrealized Losses | 18 | 11 |
Securities available for sale, Fair value | 6,724 | 7,263 |
Debt Securities [Member] | Obligations of State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 27,495 | 27,513 |
Securities available for sale, Gross Unrealized Gains | 579 | 26 |
Securities available for sale, Gross Unrealized Losses | 8 | 704 |
Securities available for sale, Fair value | 28,066 | 26,835 |
Debt Securities [Member] | Asset-backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 87,718 | 87,614 |
Securities available for sale, Gross Unrealized Gains | 242 | 879 |
Securities available for sale, Gross Unrealized Losses | 3,564 | 461 |
Securities available for sale, Fair value | 84,396 | 88,032 |
Debt Securities [Member] | Collateralized Loan Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 128,654 | 128,624 |
Securities available for sale, Gross Unrealized Gains | 175 | |
Securities available for sale, Gross Unrealized Losses | 3,713 | 628 |
Securities available for sale, Fair value | 124,941 | 128,171 |
Debt Securities [Member] | Corporate Bonds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 143,030 | 163,049 |
Securities available for sale, Gross Unrealized Gains | 433 | |
Securities available for sale, Gross Unrealized Losses | 6,352 | 874 |
Securities available for sale, Fair value | 136,678 | 162,608 |
Debt Securities [Member] | Trust Preferred Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 8,902 | 8,895 |
Securities available for sale, Gross Unrealized Gains | 14 | 16 |
Securities available for sale, Gross Unrealized Losses | 1,653 | 1,160 |
Securities available for sale, Fair value | 7,263 | 7,751 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 63,751 | 73,081 |
Mortgage-backed securities, Gross Unrealized Gains | 384 | 22 |
Mortgage-backed securities, Gross Unrealized Losses | 391 | 1,226 |
Securities available for sale, Fair value | 63,744 | 71,877 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | Federal Home Loan Mortgage Corporation [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 22,882 | 27,392 |
Mortgage-backed securities, Gross Unrealized Gains | 273 | 10 |
Mortgage-backed securities, Gross Unrealized Losses | 83 | 324 |
Securities available for sale, Fair value | 23,072 | 27,078 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | Federal National Mortgage Association [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 40,740 | 45,522 |
Mortgage-backed securities, Gross Unrealized Gains | 111 | 12 |
Mortgage-backed securities, Gross Unrealized Losses | 306 | 900 |
Securities available for sale, Fair value | 40,545 | 44,634 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | Non-Agency Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 129 | 167 |
Mortgage-backed securities, Gross Unrealized Losses | 2 | 2 |
Securities available for sale, Fair value | 127 | 165 |
Residential Pass-Through Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 219,766 | 260,376 |
Mortgage-backed securities, Gross Unrealized Gains | 5,704 | 5,260 |
Mortgage-backed securities, Gross Unrealized Losses | 1 | 2,023 |
Securities available for sale, Fair value | 225,469 | 263,613 |
Residential Pass-Through Securities [Member] | Federal Home Loan Mortgage Corporation [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 132,873 | 155,522 |
Mortgage-backed securities, Gross Unrealized Gains | 2,840 | 2,286 |
Mortgage-backed securities, Gross Unrealized Losses | 1,358 | |
Securities available for sale, Fair value | 135,713 | 156,450 |
Residential Pass-Through Securities [Member] | Federal National Mortgage Association [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 84,988 | 102,424 |
Mortgage-backed securities, Gross Unrealized Gains | 2,686 | 2,749 |
Mortgage-backed securities, Gross Unrealized Losses | 665 | |
Securities available for sale, Fair value | 87,674 | 104,508 |
Residential Pass-Through Securities [Member] | Government National Mortgage Association [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 1,905 | 2,430 |
Mortgage-backed securities, Gross Unrealized Gains | 178 | 225 |
Mortgage-backed securities, Gross Unrealized Losses | 1 | |
Securities available for sale, Fair value | 2,082 | 2,655 |
Commercial Pass-Through Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 8,300 | 11,066 |
Mortgage-backed securities, Gross Unrealized Gains | 206 | 63 |
Securities available for sale, Fair value | 8,506 | 11,129 |
Commercial Pass-Through Securities [Member] | Federal National Mortgage Association [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 8,300 | 11,066 |
Mortgage-backed securities, Gross Unrealized Gains | 206 | 63 |
Securities available for sale, Fair value | $ 8,506 | $ 11,129 |
Securities Available for Sale39
Securities Available for Sale - Stratification by Contractual Maturity of Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Investments Debt And Equity Securities [Abstract] | ||
Due after one year through five years, Amortized Cost | $ 51,025 | |
Due after five years through ten years, Amortized Cost | 178,116 | |
Due after ten years, Amortized Cost | 173,280 | |
Securities available for sale, Amortized Cost | 402,421 | $ 422,903 |
Due after one year through five years, Fair Value | 49,732 | |
Due after five years through ten years, Fair Value | 171,591 | |
Due after ten years, Fair Value | 166,745 | |
Fair Value | $ 388,068 | $ 420,660 |
Securities Available for Sale40
Securities Available for Sale - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Jun. 30, 2015 | |
Schedule of Available-for-sale Securities [Line Items] | |||||
Proceeds from sales of debt securities available for sale | $ 0 | $ 0 | $ 0 | $ 57,200,000 | |
Available-for-sale securities, gross realized gains | 601,000 | ||||
Available-for-sale securities, gross realized losses | $ (594,000) | ||||
Securities Available for Sale [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Securities available for sale pledged as collateral for borrowings Federal Home Loan Bank | 48,000,000 | 48,000,000 | $ 58,300,000 | ||
Available for sale securities pledged to secure public funds on deposit | $ 1,000,000 | $ 1,000,000 | $ 1,400,000 |
Securities Held to Maturity - A
Securities Held to Maturity - Amortized Cost, Gross Unrealized Gains and Losses and Fair Values of Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | $ 167,144 | $ 219,862 |
Securities held to maturity | 592,430 | 663,341 |
Gross Unrealized Gains | 10,818 | 2,833 |
Gross Unrealized Losses | 64 | 2,307 |
Fair Value | 168,850 | 218,366 |
Fair Value | 603,184 | 663,867 |
Mortgage-Backed Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 425,286 | 443,479 |
Gross Unrealized Gains | 9,067 | 2,807 |
Gross Unrealized Losses | 19 | 785 |
Fair Value | 434,334 | 445,501 |
Debt Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 167,144 | 219,862 |
Gross Unrealized Gains | 1,751 | 26 |
Gross Unrealized Losses | 45 | 1,522 |
Fair Value | 168,850 | 218,366 |
Debt Securities [Member] | U.S. Agency Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 84,990 | 143,334 |
Gross Unrealized Gains | 14 | |
Gross Unrealized Losses | 21 | 332 |
Fair Value | 84,983 | 143,002 |
Debt Securities [Member] | Obligations of State and Political Subdivisions [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 82,154 | 76,528 |
Gross Unrealized Gains | 1,737 | 26 |
Gross Unrealized Losses | 24 | 1,190 |
Fair Value | 83,867 | 75,364 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 24,561 | 15,384 |
Gross Unrealized Gains | 64 | 29 |
Gross Unrealized Losses | 1 | 1 |
Fair Value | 24,624 | 15,412 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | Government National Mortgage Association [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 2,944 | |
Gross Unrealized Gains | 7 | |
Fair Value | 2,951 | |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | Federal Home Loan Mortgage Corporation [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 21,382 | 15,121 |
Gross Unrealized Gains | 34 | 5 |
Fair Value | 21,416 | 15,126 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | Federal National Mortgage Association [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 199 | 221 |
Gross Unrealized Gains | 23 | 24 |
Fair Value | 222 | 245 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | Non-Agency Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 36 | 42 |
Gross Unrealized Losses | 1 | 1 |
Fair Value | 35 | 41 |
Residential Pass-Through Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 234,595 | 259,063 |
Gross Unrealized Gains | 3,172 | 1,107 |
Gross Unrealized Losses | 18 | 556 |
Fair Value | 237,749 | 259,614 |
Residential Pass-Through Securities [Member] | Federal Home Loan Mortgage Corporation [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 45,755 | 44,905 |
Gross Unrealized Gains | 261 | 16 |
Gross Unrealized Losses | 218 | |
Fair Value | 46,016 | 44,703 |
Residential Pass-Through Securities [Member] | Federal National Mortgage Association [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 188,832 | 214,150 |
Gross Unrealized Gains | 2,910 | 1,090 |
Gross Unrealized Losses | 18 | 338 |
Fair Value | 191,724 | 214,902 |
Residential Pass-Through Securities [Member] | Government National Mortgage Association [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 8 | 8 |
Gross Unrealized Gains | 1 | 1 |
Fair Value | 9 | 9 |
Commercial Pass-Through Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 166,130 | 169,032 |
Gross Unrealized Gains | 5,831 | 1,671 |
Gross Unrealized Losses | 228 | |
Fair Value | 171,961 | 170,475 |
Commercial Pass-Through Securities [Member] | Government National Mortgage Association [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 9,785 | 10,111 |
Gross Unrealized Gains | 15 | 32 |
Fair Value | 9,800 | 10,143 |
Commercial Pass-Through Securities [Member] | Commercial Pass-Through Securities: Federal National Mortgage Association [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 156,345 | 158,921 |
Gross Unrealized Gains | 5,816 | 1,639 |
Gross Unrealized Losses | 228 | |
Fair Value | $ 162,161 | $ 160,332 |
Securities Held to Maturity - S
Securities Held to Maturity - Stratification by Contractual Maturity of Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | $ 167,144 | $ 219,862 |
Held-to-maturity Securities, Fair Value Total | 168,850 | 218,366 |
Debt Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Due in one year or less, Amortized Cost | 3,361 | |
Due after one year through five years, Amortized Cost | 100,664 | |
Due after five years through ten years, Amortized Cost | 43,079 | |
Due after ten years, Amortized Cost | 20,040 | |
Amortized Cost | 167,144 | 219,862 |
Due in one year or less, Fair Value | 3,362 | |
Due after one year through five years, Fair Value | 100,794 | |
Due after five years through ten years, Fair Value | 44,084 | |
Due after ten years, Fair Value | 20,610 | |
Held-to-maturity Securities, Fair Value Total | $ 168,850 | $ 218,366 |
Securities Held to Maturity -43
Securities Held to Maturity - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Jun. 30, 2015 | |
Schedule of Held-to-maturity Securities [Line Items] | |||||
Proceeds from sales of securities held to maturity | $ 0 | $ 0 | $ 0 | $ 0 | |
Securities Held to Maturity [Member] | Public Funds [Member] | |||||
Schedule of Held-to-maturity Securities [Line Items] | |||||
Available for sale securities pledged to secure public funds on deposit | 7,800,000 | 7,800,000 | $ 7,900,000 | ||
Securities Held to Maturity [Member] | FHLB of New York [Member] | |||||
Schedule of Held-to-maturity Securities [Line Items] | |||||
Held to maturity securities pledged as collateral | $ 126,900,000 | $ 126,900,000 | $ 126,900,000 |
Impairment of Securities - Sche
Impairment of Securities - Schedule of Fair Values and Gross Unrealized Losses on Investments (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | $ 131,130 | $ 182,912 |
Less than 12 Months: Unrealized Losses | 4,845 | 2,221 |
12 Months or More: Fair Value | 241,513 | 266,903 |
12 Months or More: Unrealized Losses | 10,855 | 4,866 |
Total: Fair Value | 372,643 | 449,815 |
Total: Unrealized Losses | 15,700 | 7,087 |
Debt Securities [Member] | Trust Preferred Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
12 Months or More: Fair Value | 6,249 | 6,734 |
12 Months or More: Unrealized Losses | 1,653 | 1,160 |
Total: Fair Value | 6,249 | 6,734 |
Total: Unrealized Losses | 1,653 | 1,160 |
Debt Securities [Member] | U.S. Agency Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 1,533 | |
Less than 12 Months: Unrealized Losses | 7 | |
12 Months or More: Fair Value | 2,089 | 695 |
12 Months or More: Unrealized Losses | 18 | 4 |
Total: Fair Value | 2,089 | 2,228 |
Total: Unrealized Losses | 18 | 11 |
Debt Securities [Member] | Obligations of State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 573 | 20,575 |
Less than 12 Months: Unrealized Losses | 3 | 515 |
12 Months or More: Fair Value | 1,483 | 2,943 |
12 Months or More: Unrealized Losses | 5 | 189 |
Total: Fair Value | 2,056 | 23,518 |
Total: Unrealized Losses | 8 | 704 |
Debt Securities [Member] | Asset-backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 45,399 | 23,855 |
Less than 12 Months: Unrealized Losses | 2,604 | 293 |
12 Months or More: Fair Value | 14,275 | 20,067 |
12 Months or More: Unrealized Losses | 960 | 168 |
Total: Fair Value | 59,674 | 43,922 |
Total: Unrealized Losses | 3,564 | 461 |
Debt Securities [Member] | Collateralized Loan Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 37,518 | 49,694 |
Less than 12 Months: Unrealized Losses | 1,166 | 117 |
12 Months or More: Fair Value | 87,423 | 59,551 |
12 Months or More: Unrealized Losses | 2,547 | 511 |
Total: Fair Value | 124,941 | 109,245 |
Total: Unrealized Losses | 3,713 | 628 |
Debt Securities [Member] | Corporate Bonds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 46,923 | 19,880 |
Less than 12 Months: Unrealized Losses | 1,067 | 120 |
12 Months or More: Fair Value | 89,755 | 74,295 |
12 Months or More: Unrealized Losses | 5,285 | 754 |
Total: Fair Value | 136,678 | 94,175 |
Total: Unrealized Losses | 6,352 | 874 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 704 | 5,479 |
Less than 12 Months: Unrealized Losses | 4 | 29 |
12 Months or More: Fair Value | 40,239 | 52,105 |
12 Months or More: Unrealized Losses | 387 | 1,197 |
Total: Fair Value | 40,943 | 57,584 |
Total: Unrealized Losses | 391 | 1,226 |
Residential Pass-Through Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 13 | 61,896 |
Less than 12 Months: Unrealized Losses | 1 | 1,140 |
12 Months or More: Fair Value | 50,513 | |
12 Months or More: Unrealized Losses | 883 | |
Total: Fair Value | 13 | 112,409 |
Total: Unrealized Losses | $ 1 | $ 2,023 |
Impairment of Securities - Addi
Impairment of Securities - Additional Information (Detail) | 9 Months Ended | |
Mar. 31, 2016USD ($)SecurityMunicipalitySecuritiesFinancial_Institution | Jun. 30, 2015USD ($)Security | |
Schedule Of Investments [Line Items] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 68 | 119 |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 22 | 166 |
Credit-related OTTI securities | $ | $ 0 | $ 0 |
Number of additional trust preferred securities | Securities | 2 | |
Collateralized Loan Obligations [Member] | ||
Schedule Of Investments [Line Items] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 20 | 16 |
Marketable securities | $ | $ 124,900,000 | |
Investments percent of total investments | 9.80% | |
Investments percent of total assets | 2.80% | |
Debt Securities [Member] | Trust Preferred Securities [Member] | ||
Schedule Of Investments [Line Items] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 4 | 4 |
Marketable securities | $ | $ 7,300,000 | |
Number of securities held | Securities | 5 | |
Debt Securities [Member] | Trust Preferred Securities [Member] | Chase Capital II [Member] | ||
Schedule Of Investments [Line Items] | ||
Number of securities | 2 | |
Securities amortized cost | $ | $ 3,000,000 | |
Debt Securities [Member] | Trust Preferred Securities [Member] | BankBoston Capital Trust IV and MBNA Capital Trust B [Member] | ||
Schedule Of Investments [Line Items] | ||
Securities amortized cost | $ | $ 4,900,000 | |
Debt Securities [Member] | Trust Preferred Securities [Member] | Impaired Securities that Maintained Credit Rating [Member] | ||
Schedule Of Investments [Line Items] | ||
Number of securities held | Securities | 4 | |
Number of issuing financial institutions | Financial_Institution | 3 | |
Debt Securities [Member] | Trust Preferred Securities [Member] | Maximum [Member] | ||
Schedule Of Investments [Line Items] | ||
Investments percent of total investments | 1.00% | |
Debt Securities [Member] | Obligations of State and Political Subdivisions [Member] | ||
Schedule Of Investments [Line Items] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 5 | 62 |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 15 | 136 |
Marketable securities | $ | $ 110,200,000 | |
Investments percent of total investments | 8.60% | |
Investments percent of total assets | 2.50% | |
Debt Securities [Member] | Obligations of State and Political Subdivisions [Member] | BANs [Member] | New Jersey [Member] | ||
Schedule Of Investments [Line Items] | ||
Marketable securities | $ | $ 3,400,000 | |
Number of securities | 6 | |
Number of municipalities | Municipality | 5 | |
Debt Securities [Member] | Asset-backed Securities [Member] | ||
Schedule Of Investments [Line Items] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 7 | 4 |
Marketable securities | $ | $ 84,400,000 | |
Investments percent of total investments | 6.60% | |
Investments percent of total assets | 1.90% | |
Government guarantees | 97.00% | |
Debt Securities [Member] | Corporate Bonds [Member] | ||
Schedule Of Investments [Line Items] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 15 | 7 |
Marketable securities | $ | $ 136,700,000 | |
Investments percent of total investments | 10.70% | |
Investments percent of total assets | 3.00% | |
Debt Securities [Member] | U.S. Agency Securities [Member] | ||
Schedule Of Investments [Line Items] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 5 | 5 |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 2 | 7 |
Marketable securities | $ | $ 91,700,000 | |
Investments percent of total investments | 7.20% | |
Investments percent of total assets | 2.00% | |
Debt Securities [Member] | Unsecured Corporate Debt By Single Issuer [Member] | Maximum [Member] | ||
Schedule Of Investments [Line Items] | ||
Marketable securities | $ | $ 25,000,000 | |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | ||
Schedule Of Investments [Line Items] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 6 | 8 |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 4 | 4 |
Residential Pass-Through Securities [Member] | ||
Schedule Of Investments [Line Items] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 6 | 13 |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 1 | 15 |
Commercial Pass-Through Securities [Member] | ||
Schedule Of Investments [Line Items] | ||
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 4 | |
Collateralized Mortgage Backed Securities | ||
Schedule Of Investments [Line Items] | ||
Marketable securities | $ | $ 723,000,000 | |
Investments percent of total investments | 56.60% | |
Investments percent of total assets | 16.10% |
Impairment of Securities - Sc46
Impairment of Securities - Schedule of Temporary Impairment Losses, Investments (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Less than 12 Months: Fair Value | $ 5,235 | $ 217,771 |
Less than 12 Months: Unrealized Losses | 12 | 1,624 |
12 Months or More: Fair Value | 37,998 | 151,008 |
12 Months or More: Unrealized Losses | 52 | 683 |
Total: Fair Value | 43,233 | 368,779 |
Total: Unrealized Losses | 64 | 2,307 |
Debt Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Total: Unrealized Losses | 45 | 1,522 |
Debt Securities [Member] | U.S. Agency Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
12 Months or More: Fair Value | 34,972 | 143,002 |
12 Months or More: Unrealized Losses | 21 | 332 |
Total: Fair Value | 34,972 | 143,002 |
Total: Unrealized Losses | 21 | 332 |
Debt Securities [Member] | Obligations of State and Political Subdivisions [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Less than 12 Months: Fair Value | 5,235 | 56,190 |
Less than 12 Months: Unrealized Losses | 12 | 840 |
12 Months or More: Fair Value | 969 | 7,965 |
12 Months or More: Unrealized Losses | 12 | 350 |
Total: Fair Value | 6,204 | 64,155 |
Total: Unrealized Losses | 24 | 1,190 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
12 Months or More: Fair Value | 35 | 41 |
12 Months or More: Unrealized Losses | 1 | 1 |
Total: Fair Value | 35 | 41 |
Total: Unrealized Losses | 1 | 1 |
Residential Pass-Through Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Less than 12 Months: Fair Value | 142,789 | |
Less than 12 Months: Unrealized Losses | 556 | |
12 Months or More: Fair Value | 2,022 | |
12 Months or More: Unrealized Losses | 18 | |
Total: Fair Value | 2,022 | 142,789 |
Total: Unrealized Losses | $ 18 | 556 |
Commercial Pass-Through Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Less than 12 Months: Fair Value | 18,792 | |
Less than 12 Months: Unrealized Losses | 228 | |
Total: Fair Value | 18,792 | |
Total: Unrealized Losses | $ 228 |
Loan Quality and Allowance fo47
Loan Quality and Allowance for Loan Losses - Additional Information (Detail) | Mar. 31, 2016USD ($)PropertyLoan | Jun. 30, 2015USD ($) |
Financing Receivable, Recorded Investment [Line Items] | ||
Unpaid principal balance of impaired loans | $ 40,892,000 | $ 43,230,000 |
Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Unpaid principal balance of impaired loans | $ 17,515,000 | 17,132,000 |
Number of loans in process of foreclosure | Loan | 34 | |
Mortgage loans in process of foreclosure, carrying value | $ 6,900,000 | |
Residential Mortgage [Member] | Single-family Property [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Number of properties held | Property | 1 | |
Carrying value | $ 481,000 | |
Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Unpaid principal balance of impaired loans | 16,680,000 | 19,066,000 |
Financing receivable, allowance for credit losses, individually evaluated for impairment | 227,000 | 397,000 |
Loans Acquired at Fair Value [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Unpaid principal balance of impaired loans | 144,000 | 147,000 |
Loans Acquired at Fair Value [Member] | Uncertain Cash Flow [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing receivable, recorded investment, nonaccrual status | 6,336,000 | 1,322,000 |
Financing receivable, allowance for credit losses, individually evaluated for impairment | 745,000 | 81,000 |
Receivables Acquired with Deteriorated Credit Quality [Member] | Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans acquired with deteriorated credit quality | 7,071,000 | 8,363,000 |
Receivables Acquired with Deteriorated Credit Quality [Member] | Loans Acquired at Fair Value [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans acquired with deteriorated credit quality | 106,000 | 116,000 |
Nonperforming Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Unpaid principal balance of impaired loans | 7,071,000 | 8,363,000 |
Financing receivable, recorded investment, nonaccrual status | 12,560,000 | 9,359,000 |
Nonperforming Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing receivable, recorded investment, nonaccrual status | 106,000 | 116,000 |
Nonperforming Financing Receivable [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans acquired with deteriorated credit quality | $ 8,048,086 | $ 9,900,000 |
Loan Quality and Allowance fo48
Loan Quality and Allowance for Loan Losses - Impaired Loans Acquired Accretable Yield Change (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Receivables [Abstract] | ||||
Beginning balance | $ 844 | $ 1,684 | $ 1,189 | $ 1,891 |
Accretion to interest income | (81) | (379) | (400) | (586) |
Disposals | (26) | |||
Ending balance | $ 763 | $ 1,305 | $ 763 | $ 1,305 |
Loan Quality and Allowance fo49
Loan Quality and Allowance for Loan Losses - Allowance for Loan Losses and Loans Receivable (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Jun. 30, 2015 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | $ 20,514 | $ 12,584 | $ 15,606 | $ 12,387 | |
Allowance | 23,010 | 14,087 | 23,010 | 14,087 | |
Total charge offs | (93) | (260) | (2,050) | (2,799) | |
Total recoveries | 2 | 810 | 148 | ||
Loans and Leases Receivable, Gross | 2,717,235 | 2,717,235 | $ 2,102,548 | ||
Loans receivable, unamortized yield adjustments | 2,834 | 2,834 | 316 | ||
Loans receivable | 2,720,069 | 2,720,069 | 2,102,864 | ||
Allocated [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 20,514 | 12,584 | 15,606 | 12,387 | |
Allowance | 23,010 | 14,087 | 23,010 | 14,087 | |
Provision (reversal) for Loan Losses | 2,589 | 1,761 | 8,644 | 4,351 | |
Originated and Purchased Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 14,016 | ||||
Allowance, Loans individually evaluated for impairment | 393 | 393 | 573 | ||
Allowance, Loans collectively evaluated for impairment | 20,832 | 20,832 | 13,443 | ||
Allowance | 21,225 | 21,225 | |||
Loans individually evaluated for impairment | 18,448 | 18,448 | 16,557 | ||
Loans collectively evaluated for impairment | 2,524,324 | 2,524,324 | 1,885,873 | ||
Loans and Leases Receivable, Gross | 2,542,772 | 2,542,772 | 1,902,430 | ||
Loans Acquired at Fair Value [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 1,590 | ||||
Allowance, Loans individually evaluated for impairment | 227 | 227 | 397 | ||
Allowance, Loans collectively evaluated for impairment | 813 | 813 | 1,112 | ||
Allowance | 1,785 | 1,785 | |||
Loans individually evaluated for impairment | 7,131 | 7,131 | 8,639 | ||
Loans collectively evaluated for impairment | 160,261 | 160,261 | 183,116 | ||
Loans and Leases Receivable, Gross | 174,463 | 174,463 | 200,118 | ||
Residential Mortgage [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 2,398 | 2,310 | 2,210 | 2,729 | |
Allowance | 2,341 | 2,161 | 2,341 | 2,161 | |
Total charge offs | (27) | (183) | (1,180) | (1,620) | |
Total recoveries | 9 | 141 | |||
Loans and Leases Receivable, Gross | 620,868 | 620,868 | 592,321 | ||
Residential Mortgage [Member] | Allocated [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 2,398 | 2,310 | 2,210 | 2,729 | |
Allowance | 2,341 | 2,161 | 2,341 | 2,161 | |
Provision (reversal) for Loan Losses | (30) | 34 | 1,302 | 911 | |
Residential Mortgage [Member] | Originated and Purchased Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 2,147 | ||||
Allowance, Loans individually evaluated for impairment | 142 | 142 | 116 | ||
Allowance, Loans collectively evaluated for impairment | 2,143 | 2,143 | 2,031 | ||
Allowance | 2,285 | 2,285 | |||
Loans individually evaluated for impairment | 13,157 | 13,157 | 10,240 | ||
Loans collectively evaluated for impairment | 553,447 | 553,447 | 520,070 | ||
Loans and Leases Receivable, Gross | 566,604 | 566,604 | 530,310 | ||
Residential Mortgage [Member] | Loans Acquired at Fair Value [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 63 | ||||
Allowance, Loans collectively evaluated for impairment | 56 | 56 | 63 | ||
Allowance | 56 | 56 | |||
Loans collectively evaluated for impairment | 54,158 | 54,158 | 61,895 | ||
Loans and Leases Receivable, Gross | 54,264 | 54,264 | 62,011 | ||
Commercial Mortgage [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 15,452 | 8,392 | 11,120 | 7,737 | |
Allowance | 17,284 | 9,835 | 17,284 | 9,835 | |
Total charge offs | (18) | (115) | (612) | ||
Loans and Leases Receivable, Gross | 1,881,938 | 1,881,938 | 1,309,103 | ||
Commercial Mortgage [Member] | Allocated [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 15,452 | 8,392 | 11,120 | 7,737 | |
Allowance | 17,284 | 9,835 | 17,284 | 9,835 | |
Provision (reversal) for Loan Losses | 1,850 | 1,443 | 6,279 | 2,710 | |
Commercial Mortgage [Member] | Originated and Purchased Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 10,577 | ||||
Allowance, Loans individually evaluated for impairment | 84 | 84 | 415 | ||
Allowance, Loans collectively evaluated for impairment | 16,736 | 16,736 | 10,162 | ||
Allowance | 16,820 | 16,820 | |||
Loans individually evaluated for impairment | 3,205 | 3,205 | 3,439 | ||
Loans collectively evaluated for impairment | 1,797,427 | 1,797,427 | 1,214,586 | ||
Loans and Leases Receivable, Gross | 1,800,632 | 1,800,632 | 1,218,025 | ||
Commercial Mortgage [Member] | Loans Acquired at Fair Value [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 543 | ||||
Allowance, Loans individually evaluated for impairment | 50 | 50 | 114 | ||
Allowance, Loans collectively evaluated for impairment | 414 | 414 | 429 | ||
Allowance | 464 | 464 | |||
Loans individually evaluated for impairment | 4,387 | 4,387 | 4,196 | ||
Loans collectively evaluated for impairment | 76,611 | 76,611 | 86,564 | ||
Loans and Leases Receivable, Gross | 81,306 | 81,306 | 91,078 | ||
Construction [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 35 | 59 | 34 | 67 | |
Allowance | 37 | 31 | 37 | 31 | |
Loans and Leases Receivable, Gross | 3,733 | 3,733 | 5,711 | ||
Construction [Member] | Allocated [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 35 | 59 | 34 | 67 | |
Allowance | 37 | 31 | 37 | 31 | |
Provision (reversal) for Loan Losses | 2 | (28) | 3 | (36) | |
Construction [Member] | Originated and Purchased Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 29 | ||||
Allowance, Loans collectively evaluated for impairment | 32 | 32 | 29 | ||
Allowance | 32 | 32 | |||
Loans collectively evaluated for impairment | 3,038 | 3,038 | 3,328 | ||
Loans and Leases Receivable, Gross | 3,038 | 3,038 | 3,328 | ||
Construction [Member] | Loans Acquired at Fair Value [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 5 | ||||
Allowance, Loans collectively evaluated for impairment | 5 | 5 | 5 | ||
Allowance | 5 | 5 | |||
Loans individually evaluated for impairment | 368 | 368 | 2,037 | ||
Loans collectively evaluated for impairment | 327 | 327 | 346 | ||
Loans and Leases Receivable, Gross | 695 | 695 | 2,383 | ||
Commercial Business [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 1,941 | 1,407 | 1,860 | 1,284 | |
Allowance | 2,308 | 1,684 | 2,308 | 1,684 | |
Total charge offs | (43) | (38) | (687) | (489) | |
Total recoveries | 2 | 759 | 7 | ||
Loans and Leases Receivable, Gross | 95,131 | 95,131 | 99,451 | ||
Commercial Business [Member] | Allocated [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 1,941 | 1,407 | 1,860 | 1,284 | |
Allowance | 2,308 | 1,684 | 2,308 | 1,684 | |
Provision (reversal) for Loan Losses | 410 | 313 | 376 | 882 | |
Commercial Business [Member] | Originated and Purchased Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 1,019 | ||||
Allowance, Loans individually evaluated for impairment | 89 | 89 | 30 | ||
Allowance, Loans collectively evaluated for impairment | 1,057 | 1,057 | 989 | ||
Allowance | 1,146 | 1,146 | |||
Loans individually evaluated for impairment | 980 | 980 | 1,861 | ||
Loans collectively evaluated for impairment | 69,901 | 69,901 | 69,797 | ||
Loans and Leases Receivable, Gross | 70,881 | 70,881 | 71,658 | ||
Commercial Business [Member] | Loans Acquired at Fair Value [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 841 | ||||
Allowance, Loans individually evaluated for impairment | 177 | 177 | 259 | ||
Allowance, Loans collectively evaluated for impairment | 240 | 240 | 501 | ||
Allowance | 1,162 | 1,162 | |||
Loans individually evaluated for impairment | 1,131 | 1,131 | 927 | ||
Loans collectively evaluated for impairment | 16,462 | 16,462 | 18,937 | ||
Loans and Leases Receivable, Gross | 24,250 | 24,250 | 27,793 | ||
Home Equity Lines of Credit [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 88 | 80 | 106 | 88 | |
Allowance | 87 | 75 | 87 | 75 | |
Total charge offs | (26) | ||||
Loans and Leases Receivable, Gross | 20,142 | 20,142 | 21,414 | ||
Home Equity Lines of Credit [Member] | Allocated [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 88 | 80 | 106 | 88 | |
Allowance | 87 | 75 | 87 | 75 | |
Provision (reversal) for Loan Losses | (1) | (5) | 7 | (13) | |
Home Equity Lines of Credit [Member] | Originated and Purchased Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 33 | ||||
Allowance, Loans collectively evaluated for impairment | 34 | 34 | 33 | ||
Allowance | 34 | 34 | |||
Loans individually evaluated for impairment | 42 | 42 | 26 | ||
Loans collectively evaluated for impairment | 11,236 | 11,236 | 10,854 | ||
Loans and Leases Receivable, Gross | 11,278 | 11,278 | 10,880 | ||
Home Equity Lines of Credit [Member] | Loans Acquired at Fair Value [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 73 | ||||
Allowance, Loans individually evaluated for impairment | 24 | ||||
Allowance, Loans collectively evaluated for impairment | 53 | 53 | 49 | ||
Allowance | 53 | 53 | |||
Loans individually evaluated for impairment | 777 | 777 | 945 | ||
Loans collectively evaluated for impairment | 8,087 | 8,087 | 9,589 | ||
Loans and Leases Receivable, Gross | 8,864 | 8,864 | 10,534 | ||
Other Consumer [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 287 | 22 | 16 | 22 | |
Allowance | 642 | 20 | 642 | 20 | |
Total charge offs | (1) | (1) | (4) | (1) | |
Total recoveries | 1 | ||||
Loans and Leases Receivable, Gross | 24,955 | 24,955 | 4,291 | ||
Other Consumer [Member] | Allocated [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 287 | 22 | 16 | 22 | |
Allowance | 642 | 20 | 642 | 20 | |
Provision (reversal) for Loan Losses | 356 | (1) | 629 | (1) | |
Other Consumer [Member] | Originated and Purchased Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 15 | ||||
Allowance, Loans collectively evaluated for impairment | 641 | 641 | 15 | ||
Allowance | 641 | 641 | |||
Loans collectively evaluated for impairment | 24,876 | 24,876 | 4,204 | ||
Loans and Leases Receivable, Gross | 24,876 | 24,876 | 4,204 | ||
Other Consumer [Member] | Loans Acquired at Fair Value [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 1 | ||||
Allowance, Loans collectively evaluated for impairment | 1 | 1 | 1 | ||
Allowance | 1 | 1 | |||
Loans collectively evaluated for impairment | 79 | 79 | 87 | ||
Loans and Leases Receivable, Gross | 79 | 79 | 87 | ||
Receivables Acquired with Deteriorated Credit Quality [Member] | Loans Acquired at Fair Value [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Loans acquired with deteriorated credit quality | 745 | 745 | 81 | ||
Loans acquired with deteriorated credit quality | 7,071 | 7,071 | 8,363 | ||
Receivables Acquired with Deteriorated Credit Quality [Member] | Residential Mortgage [Member] | Loans Acquired at Fair Value [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Loans acquired with deteriorated credit quality | 106 | 106 | 116 | ||
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Mortgage [Member] | Loans Acquired at Fair Value [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Loans acquired with deteriorated credit quality | 308 | 308 | 318 | ||
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Business [Member] | Loans Acquired at Fair Value [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Loans acquired with deteriorated credit quality | 745 | 745 | 81 | ||
Loans acquired with deteriorated credit quality | 6,657 | 6,657 | 7,929 | ||
Home Equity Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 313 | 314 | 260 | 460 | |
Allowance | 311 | 281 | 311 | 281 | |
Total charge offs | (4) | (38) | (38) | (77) | |
Total recoveries | 41 | ||||
Loans and Leases Receivable, Gross | 70,468 | 70,468 | 70,257 | ||
Home Equity Loans [Member] | Allocated [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 313 | 314 | 260 | 460 | |
Allowance | 311 | 281 | 311 | 281 | |
Provision (reversal) for Loan Losses | 2 | $ 5 | 48 | $ (102) | |
Home Equity Loans [Member] | Originated and Purchased Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 196 | ||||
Allowance, Loans individually evaluated for impairment | 78 | 78 | 12 | ||
Allowance, Loans collectively evaluated for impairment | 189 | 189 | 184 | ||
Allowance | 267 | 267 | |||
Loans individually evaluated for impairment | 1,064 | 1,064 | 991 | ||
Loans collectively evaluated for impairment | 64,399 | 64,399 | 63,034 | ||
Loans and Leases Receivable, Gross | 65,463 | 65,463 | 64,025 | ||
Home Equity Loans [Member] | Loans Acquired at Fair Value [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 64 | ||||
Allowance, Loans collectively evaluated for impairment | 44 | 44 | 64 | ||
Allowance | 44 | 44 | |||
Loans individually evaluated for impairment | 468 | 468 | 534 | ||
Loans collectively evaluated for impairment | 4,537 | 4,537 | 5,698 | ||
Loans and Leases Receivable, Gross | $ 5,005 | $ 5,005 | $ 6,232 |
Loan Quality and Allowance fo50
Loan Quality and Allowance for Loan Losses - Credit-Rating Classification of Loans Receivable (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | $ 2,717,235 | $ 2,102,548 |
Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 620,868 | 592,321 |
Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1,881,938 | 1,309,103 |
Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 3,733 | 5,711 |
Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 95,131 | 99,451 |
Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 20,142 | 21,414 |
Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 24,955 | 4,291 |
Home Equity Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 70,468 | 70,257 |
Originated and Purchased Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 2,542,772 | 1,902,430 |
Originated and Purchased Loans [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 566,604 | 530,310 |
Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1,800,632 | 1,218,025 |
Originated and Purchased Loans [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 3,038 | 3,328 |
Originated and Purchased Loans [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 70,881 | 71,658 |
Originated and Purchased Loans [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 11,278 | 10,880 |
Originated and Purchased Loans [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 24,876 | 4,204 |
Originated and Purchased Loans [Member] | Non-Classified [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 2,520,536 | 1,882,772 |
Originated and Purchased Loans [Member] | Non-Classified [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 551,447 | 518,592 |
Originated and Purchased Loans [Member] | Non-Classified [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1,796,098 | 1,213,307 |
Originated and Purchased Loans [Member] | Non-Classified [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 2,809 | 3,328 |
Originated and Purchased Loans [Member] | Non-Classified [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 69,835 | 69,662 |
Originated and Purchased Loans [Member] | Non-Classified [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 11,187 | 10,780 |
Originated and Purchased Loans [Member] | Non-Classified [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 24,875 | 4,201 |
Originated and Purchased Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 870 | 1,399 |
Originated and Purchased Loans [Member] | Special Mention [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 500 | 955 |
Originated and Purchased Loans [Member] | Special Mention [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 256 | |
Originated and Purchased Loans [Member] | Special Mention [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 229 | |
Originated and Purchased Loans [Member] | Special Mention [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 66 | 58 |
Originated and Purchased Loans [Member] | Special Mention [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 25 | 74 |
Originated and Purchased Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 21,299 | 17,992 |
Originated and Purchased Loans [Member] | Substandard [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 14,657 | 10,763 |
Originated and Purchased Loans [Member] | Substandard [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 4,468 | 4,195 |
Originated and Purchased Loans [Member] | Substandard [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 980 | 1,938 |
Originated and Purchased Loans [Member] | Substandard [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 66 | 26 |
Originated and Purchased Loans [Member] | Substandard [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 3 | |
Originated and Purchased Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 67 | 267 |
Originated and Purchased Loans [Member] | Doubtful [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 66 | 267 |
Originated and Purchased Loans [Member] | Doubtful [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1 | |
Originated and Purchased Loans [Member] | Total Classified Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 22,236 | 19,658 |
Originated and Purchased Loans [Member] | Total Classified Loans [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 15,157 | 11,718 |
Originated and Purchased Loans [Member] | Total Classified Loans [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 4,534 | 4,718 |
Originated and Purchased Loans [Member] | Total Classified Loans [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 229 | |
Originated and Purchased Loans [Member] | Total Classified Loans [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1,046 | 1,996 |
Originated and Purchased Loans [Member] | Total Classified Loans [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 91 | 100 |
Originated and Purchased Loans [Member] | Total Classified Loans [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1 | 3 |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 65,463 | 64,025 |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | Non-Classified [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 64,285 | 62,902 |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 50 | 56 |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1,128 | 1,067 |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | Total Classified Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1,178 | 1,123 |
Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 174,463 | 200,118 |
Loans Acquired at Fair Value [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 54,264 | 62,011 |
Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 81,306 | 91,078 |
Loans Acquired at Fair Value [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 695 | 2,383 |
Loans Acquired at Fair Value [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 24,250 | 27,793 |
Loans Acquired at Fair Value [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 8,864 | 10,534 |
Loans Acquired at Fair Value [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 79 | 87 |
Loans Acquired at Fair Value [Member] | Non-Classified [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 153,140 | 171,254 |
Loans Acquired at Fair Value [Member] | Non-Classified [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 52,498 | 60,593 |
Loans Acquired at Fair Value [Member] | Non-Classified [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 75,931 | 82,068 |
Loans Acquired at Fair Value [Member] | Non-Classified [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 12,520 | 13,749 |
Loans Acquired at Fair Value [Member] | Non-Classified [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 7,704 | 9,196 |
Loans Acquired at Fair Value [Member] | Non-Classified [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 57 | 60 |
Loans Acquired at Fair Value [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1,573 | 12,102 |
Loans Acquired at Fair Value [Member] | Special Mention [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 366 | 372 |
Loans Acquired at Fair Value [Member] | Special Mention [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 3,425 | |
Loans Acquired at Fair Value [Member] | Special Mention [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 327 | 346 |
Loans Acquired at Fair Value [Member] | Special Mention [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 621 | 7,617 |
Loans Acquired at Fair Value [Member] | Special Mention [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 239 | 242 |
Loans Acquired at Fair Value [Member] | Special Mention [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 20 | 24 |
Loans Acquired at Fair Value [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 19,744 | 16,756 |
Loans Acquired at Fair Value [Member] | Substandard [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1,400 | 1,046 |
Loans Acquired at Fair Value [Member] | Substandard [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 5,375 | 5,585 |
Loans Acquired at Fair Value [Member] | Substandard [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 368 | 2,037 |
Loans Acquired at Fair Value [Member] | Substandard [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 11,103 | 6,421 |
Loans Acquired at Fair Value [Member] | Substandard [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 921 | 1,096 |
Loans Acquired at Fair Value [Member] | Substandard [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 2 | 3 |
Loans Acquired at Fair Value [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 6 | 6 |
Loans Acquired at Fair Value [Member] | Doubtful [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 6 | 6 |
Loans Acquired at Fair Value [Member] | Total Classified Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 21,323 | 28,864 |
Loans Acquired at Fair Value [Member] | Total Classified Loans [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1,766 | 1,418 |
Loans Acquired at Fair Value [Member] | Total Classified Loans [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 5,375 | 9,010 |
Loans Acquired at Fair Value [Member] | Total Classified Loans [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 695 | 2,383 |
Loans Acquired at Fair Value [Member] | Total Classified Loans [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 11,730 | 14,044 |
Loans Acquired at Fair Value [Member] | Total Classified Loans [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1,160 | 1,338 |
Loans Acquired at Fair Value [Member] | Total Classified Loans [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 22 | 27 |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 5,005 | 6,232 |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | Non-Classified [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 4,430 | 5,588 |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 76 | |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 575 | 568 |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | Total Classified Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | $ 575 | $ 644 |
Loan Quality and Allowance fo51
Loan Quality and Allowance for Loan Losses - Contractual Payment Status of Loans Receivable (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | $ 2,717,235 | $ 2,102,548 |
Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 620,868 | 592,321 |
Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 1,881,938 | 1,309,103 |
Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 3,733 | 5,711 |
Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 95,131 | 99,451 |
Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 20,142 | 21,414 |
Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 24,955 | 4,291 |
Originated and Purchased Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 2,529,358 | 1,893,765 |
Total past due | 13,414 | 8,665 |
Loans and Leases Receivable, Gross | 2,542,772 | 1,902,430 |
Originated and Purchased Loans [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 556,940 | 524,780 |
Total past due | 9,664 | 5,530 |
Loans and Leases Receivable, Gross | 566,604 | 530,310 |
Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 1,798,031 | 1,216,644 |
Total past due | 2,601 | 1,381 |
Loans and Leases Receivable, Gross | 1,800,632 | 1,218,025 |
Originated and Purchased Loans [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 3,038 | 3,328 |
Loans and Leases Receivable, Gross | 3,038 | 3,328 |
Originated and Purchased Loans [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 70,464 | 70,529 |
Total past due | 417 | 1,129 |
Loans and Leases Receivable, Gross | 70,881 | 71,658 |
Originated and Purchased Loans [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 11,155 | 10,828 |
Total past due | 123 | 52 |
Loans and Leases Receivable, Gross | 11,278 | 10,880 |
Originated and Purchased Loans [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 24,790 | 4,199 |
Total past due | 86 | 5 |
Loans and Leases Receivable, Gross | 24,876 | 4,204 |
Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 170,793 | 194,677 |
Total past due | 3,670 | 5,441 |
Loans and Leases Receivable, Gross | 174,463 | 200,118 |
Loans Acquired at Fair Value [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 54,158 | 61,895 |
Total past due | 106 | 116 |
Loans and Leases Receivable, Gross | 54,264 | 62,011 |
Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 80,028 | 89,796 |
Total past due | 1,278 | 1,282 |
Loans and Leases Receivable, Gross | 81,306 | 91,078 |
Loans Acquired at Fair Value [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 327 | 1,610 |
Total past due | 368 | 773 |
Loans and Leases Receivable, Gross | 695 | 2,383 |
Loans Acquired at Fair Value [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 23,002 | 25,721 |
Total past due | 1,248 | 2,072 |
Loans and Leases Receivable, Gross | 24,250 | 27,793 |
Loans Acquired at Fair Value [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 8,276 | 9,577 |
Total past due | 588 | 957 |
Loans and Leases Receivable, Gross | 8,864 | 10,534 |
Loans Acquired at Fair Value [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 77 | 85 |
Total past due | 2 | 2 |
Loans and Leases Receivable, Gross | 79 | 87 |
Past due: 30-59 days [Member] | Originated and Purchased Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 3,458 | 817 |
Past due: 30-59 days [Member] | Originated and Purchased Loans [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 1,700 | 420 |
Past due: 30-59 days [Member] | Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 1,214 | 256 |
Past due: 30-59 days [Member] | Originated and Purchased Loans [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 417 | 23 |
Past due: 30-59 days [Member] | Originated and Purchased Loans [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 81 | |
Past due: 30-59 days [Member] | Originated and Purchased Loans [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 46 | 4 |
Past due: 30-59 days [Member] | Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 338 | 262 |
Past due: 30-59 days [Member] | Loans Acquired at Fair Value [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 106 | 116 |
Past due: 30-59 days [Member] | Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 207 | |
Past due: 30-59 days [Member] | Loans Acquired at Fair Value [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 24 | 12 |
Past due: 30-59 days [Member] | Loans Acquired at Fair Value [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 1 | |
Past due: 60-89 days [Member] | Originated and Purchased Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 525 | 711 |
Past due: 60-89 days [Member] | Originated and Purchased Loans [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 347 | 685 |
Past due: 60-89 days [Member] | Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 58 | |
Past due: 60-89 days [Member] | Originated and Purchased Loans [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 26 | |
Past due: 60-89 days [Member] | Originated and Purchased Loans [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 40 | |
Past due: 60-89 days [Member] | Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 585 | 469 |
Past due: 60-89 days [Member] | Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 365 | 468 |
Past due: 60-89 days [Member] | Loans Acquired at Fair Value [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 91 | |
Past due: 60-89 days [Member] | Loans Acquired at Fair Value [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 128 | |
Past due: 60-89 days [Member] | Loans Acquired at Fair Value [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 1 | 1 |
Past due: 90+ days [Member] | Originated and Purchased Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 9,431 | 7,137 |
Past due: 90+ days [Member] | Originated and Purchased Loans [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 7,617 | 4,425 |
Past due: 90+ days [Member] | Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 1,329 | 1,125 |
Past due: 90+ days [Member] | Originated and Purchased Loans [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 1,106 | |
Past due: 90+ days [Member] | Originated and Purchased Loans [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 42 | 26 |
Past due: 90+ days [Member] | Originated and Purchased Loans [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 1 | |
Past due: 90+ days [Member] | Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 2,747 | 4,710 |
Past due: 90+ days [Member] | Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 706 | 814 |
Past due: 90+ days [Member] | Loans Acquired at Fair Value [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 368 | 773 |
Past due: 90+ days [Member] | Loans Acquired at Fair Value [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 1,157 | 2,072 |
Past due: 90+ days [Member] | Loans Acquired at Fair Value [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 436 | 945 |
Past due: 90+ days [Member] | Loans Acquired at Fair Value [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 1 | |
Home Equity Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 70,468 | 70,257 |
Home Equity Loans [Member] | Originated and Purchased Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 64,940 | 63,457 |
Total past due | 523 | 568 |
Loans and Leases Receivable, Gross | 65,463 | 64,025 |
Home Equity Loans [Member] | Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 4,925 | 5,993 |
Total past due | 80 | 239 |
Loans and Leases Receivable, Gross | 5,005 | 6,232 |
Home Equity Loans [Member] | Past due: 30-59 days [Member] | Originated and Purchased Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 114 | |
Home Equity Loans [Member] | Past due: 30-59 days [Member] | Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 134 | |
Home Equity Loans [Member] | Past due: 60-89 days [Member] | Originated and Purchased Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 80 | |
Home Equity Loans [Member] | Past due: 90+ days [Member] | Originated and Purchased Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 443 | 454 |
Home Equity Loans [Member] | Past due: 90+ days [Member] | Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | $ 80 | $ 105 |
Loan Quality and Allowance fo52
Loan Quality and Allowance for Loan Losses - Performance Status of Loans Receivable (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | $ 2,717,235 | $ 2,102,548 |
Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 620,868 | 592,321 |
Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 1,881,938 | 1,309,103 |
Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 3,733 | 5,711 |
Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 95,131 | 99,451 |
Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 20,142 | 21,414 |
Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 24,955 | 4,291 |
Home Equity Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 70,468 | 70,257 |
Originated and Purchased Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 2,542,772 | 1,902,430 |
Originated and Purchased Loans [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 566,604 | 530,310 |
Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 1,800,632 | 1,218,025 |
Originated and Purchased Loans [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 3,038 | 3,328 |
Originated and Purchased Loans [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 70,881 | 71,658 |
Originated and Purchased Loans [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 11,278 | 10,880 |
Originated and Purchased Loans [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 24,876 | 4,204 |
Originated and Purchased Loans [Member] | Performing Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 2,527,056 | 1,888,894 |
Originated and Purchased Loans [Member] | Performing Financing Receivable [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 555,660 | 522,474 |
Originated and Purchased Loans [Member] | Performing Financing Receivable [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 1,797,427 | 1,214,653 |
Originated and Purchased Loans [Member] | Performing Financing Receivable [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 3,038 | 3,328 |
Originated and Purchased Loans [Member] | Performing Financing Receivable [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 69,920 | 69,819 |
Originated and Purchased Loans [Member] | Performing Financing Receivable [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 11,236 | 10,854 |
Originated and Purchased Loans [Member] | Performing Financing Receivable [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 24,876 | 4,203 |
Originated and Purchased Loans [Member] | Nonperforming Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 15,716 | 13,536 |
Total nonperforming | 15,716 | 13,536 |
Originated and Purchased Loans [Member] | Nonperforming Financing Receivable [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 10,944 | 7,836 |
Total nonperforming | 10,944 | 7,836 |
Originated and Purchased Loans [Member] | Nonperforming Financing Receivable [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 3,205 | 3,372 |
Total nonperforming | 3,205 | 3,372 |
Originated and Purchased Loans [Member] | Nonperforming Financing Receivable [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 961 | 1,839 |
Total nonperforming | 961 | 1,839 |
Originated and Purchased Loans [Member] | Nonperforming Financing Receivable [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 42 | 26 |
Total nonperforming | 42 | 26 |
Originated and Purchased Loans [Member] | Nonperforming Financing Receivable [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 1 | |
Total nonperforming | 1 | |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 65,463 | 64,025 |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | Performing Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 64,899 | 63,563 |
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | Nonperforming Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 564 | 462 |
Total nonperforming | 564 | 462 |
Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 174,463 | 200,118 |
Loans Acquired at Fair Value [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 54,264 | 62,011 |
Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 81,306 | 91,078 |
Loans Acquired at Fair Value [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 695 | 2,383 |
Loans Acquired at Fair Value [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 24,250 | 27,793 |
Loans Acquired at Fair Value [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 8,864 | 10,534 |
Loans Acquired at Fair Value [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 79 | 87 |
Loans Acquired at Fair Value [Member] | Performing Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 161,903 | 190,759 |
Loans Acquired at Fair Value [Member] | Performing Financing Receivable [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 54,158 | 61,895 |
Loans Acquired at Fair Value [Member] | Performing Financing Receivable [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 77,284 | 87,273 |
Loans Acquired at Fair Value [Member] | Performing Financing Receivable [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 327 | 346 |
Loans Acquired at Fair Value [Member] | Performing Financing Receivable [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 16,906 | 25,688 |
Loans Acquired at Fair Value [Member] | Performing Financing Receivable [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 8,428 | 9,589 |
Loans Acquired at Fair Value [Member] | Performing Financing Receivable [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 79 | 86 |
Loans Acquired at Fair Value [Member] | Nonperforming Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 12,560 | 9,359 |
Total nonperforming | 12,560 | 9,359 |
Loans Acquired at Fair Value [Member] | Nonperforming Financing Receivable [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 106 | 116 |
Total nonperforming | 106 | 116 |
Loans Acquired at Fair Value [Member] | Nonperforming Financing Receivable [Member] | Commercial Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 4,022 | 3,805 |
Total nonperforming | 4,022 | 3,805 |
Loans Acquired at Fair Value [Member] | Nonperforming Financing Receivable [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 368 | 2,037 |
Total nonperforming | 368 | 2,037 |
Loans Acquired at Fair Value [Member] | Nonperforming Financing Receivable [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 7,344 | 2,105 |
Total nonperforming | 7,344 | 2,105 |
Loans Acquired at Fair Value [Member] | Nonperforming Financing Receivable [Member] | Home Equity Lines of Credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 436 | 945 |
Total nonperforming | 436 | 945 |
Loans Acquired at Fair Value [Member] | Nonperforming Financing Receivable [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 1 | |
Total nonperforming | 1 | |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 5,005 | 6,232 |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | Performing Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 4,721 | 5,882 |
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | Nonperforming Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 284 | 350 |
Total nonperforming | $ 284 | $ 350 |
Loan Quality and Allowance fo53
Loan Quality and Allowance for Loan Losses - Impairment Status of Loans Receivable (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Jun. 30, 2015 | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Loans and Leases Receivable, Gross | $ 2,717,235 | $ 2,717,235 | $ 2,102,548 | ||
Unpaid principal balance of impaired loans | 40,892 | 40,892 | 43,230 | ||
Average balance of impaired loans | 32,346 | $ 36,932 | 32,838 | $ 36,977 | |
Interest earned on impaired loans | 249 | 304 | 799 | 833 | |
Residential Mortgage [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Loans and Leases Receivable, Gross | 620,868 | 620,868 | 592,321 | ||
Unpaid principal balance of impaired loans | 17,515 | 17,515 | 17,132 | ||
Average balance of impaired loans | 12,827 | 12,462 | 11,926 | 12,867 | |
Interest earned on impaired loans | 45 | 33 | 156 | 105 | |
Commercial Mortgage [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Loans and Leases Receivable, Gross | 1,881,938 | 1,881,938 | 1,309,103 | ||
Unpaid principal balance of impaired loans | 9,709 | 9,709 | 8,862 | ||
Average balance of impaired loans | 7,998 | 7,626 | 8,011 | 7,837 | |
Interest earned on impaired loans | 8 | 28 | 27 | 49 | |
Construction [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Loans and Leases Receivable, Gross | 3,733 | 3,733 | 5,711 | ||
Unpaid principal balance of impaired loans | 464 | 464 | 2,118 | ||
Average balance of impaired loans | 387 | 2,421 | 1,046 | 1,818 | |
Interest earned on impaired loans | 5 | ||||
Commercial Business [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Loans and Leases Receivable, Gross | 95,131 | 95,131 | 99,451 | ||
Unpaid principal balance of impaired loans | 10,578 | 10,578 | 12,542 | ||
Average balance of impaired loans | 8,793 | 11,794 | 9,438 | 11,795 | |
Interest earned on impaired loans | 182 | 233 | 573 | 639 | |
Home Equity Lines of Credit [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Loans and Leases Receivable, Gross | 20,142 | 20,142 | 21,414 | ||
Unpaid principal balance of impaired loans | 905 | 905 | 1,001 | ||
Average balance of impaired loans | 834 | 972 | 910 | 1,015 | |
Interest earned on impaired loans | 3 | 4 | |||
Other Consumer [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Loans and Leases Receivable, Gross | 24,955 | 24,955 | 4,291 | ||
Home Equity Loans [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Loans and Leases Receivable, Gross | 70,468 | 70,468 | 70,257 | ||
Unpaid principal balance of impaired loans | 1,721 | 1,721 | 1,575 | ||
Average balance of impaired loans | 1,507 | 1,657 | 1,507 | 1,645 | |
Interest earned on impaired loans | 11 | $ 10 | 39 | $ 35 | |
Originated and Purchased Loans [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 2,524,324 | 2,524,324 | 1,885,873 | ||
Impaired loans with no allowance for impairment | 13,616 | 13,616 | 12,513 | ||
Recorded investment | 4,832 | 4,832 | 4,044 | ||
Allowance for impairment | (393) | (393) | (573) | ||
Balance of impaired loans net of allowance for impairment | 4,439 | 4,439 | 3,471 | ||
Total impaired loans, excluding allowance for impairment: | 18,448 | 18,448 | 16,557 | ||
Loans and Leases Receivable, Gross | 2,542,772 | 2,542,772 | 1,902,430 | ||
Unpaid principal balance of impaired loans | 24,212 | 24,212 | 24,164 | ||
Originated and Purchased Loans [Member] | Residential Mortgage [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 553,447 | 553,447 | 520,070 | ||
Impaired loans with no allowance for impairment | 8,550 | 8,550 | 8,387 | ||
Recorded investment | 4,607 | 4,607 | 1,853 | ||
Allowance for impairment | (142) | (142) | (116) | ||
Balance of impaired loans net of allowance for impairment | 4,465 | 4,465 | 1,737 | ||
Total impaired loans, excluding allowance for impairment: | 13,157 | 13,157 | 10,240 | ||
Loans and Leases Receivable, Gross | 566,604 | 566,604 | 530,310 | ||
Unpaid principal balance of impaired loans | 17,371 | 17,371 | 16,985 | ||
Originated and Purchased Loans [Member] | Commercial Mortgage [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 1,797,427 | 1,797,427 | 1,214,586 | ||
Impaired loans with no allowance for impairment | 3,081 | 3,081 | 1,777 | ||
Recorded investment | 124 | 124 | 1,662 | ||
Allowance for impairment | (84) | (84) | (415) | ||
Balance of impaired loans net of allowance for impairment | 40 | 40 | 1,247 | ||
Total impaired loans, excluding allowance for impairment: | 3,205 | 3,205 | 3,439 | ||
Loans and Leases Receivable, Gross | 1,800,632 | 1,800,632 | 1,218,025 | ||
Unpaid principal balance of impaired loans | 4,522 | 4,522 | 4,103 | ||
Originated and Purchased Loans [Member] | Construction [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 3,038 | 3,038 | 3,328 | ||
Loans and Leases Receivable, Gross | 3,038 | 3,038 | 3,328 | ||
Unpaid principal balance of impaired loans | 73 | 73 | |||
Originated and Purchased Loans [Member] | Commercial Business [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 69,901 | 69,901 | 69,797 | ||
Impaired loans with no allowance for impairment | 960 | 960 | 1,418 | ||
Recorded investment | 20 | 20 | 443 | ||
Allowance for impairment | (89) | (89) | (30) | ||
Balance of impaired loans net of allowance for impairment | (69) | (69) | 413 | ||
Total impaired loans, excluding allowance for impairment: | 980 | 980 | 1,861 | ||
Loans and Leases Receivable, Gross | 70,881 | 70,881 | 71,658 | ||
Unpaid principal balance of impaired loans | 1,072 | 1,072 | 2,036 | ||
Originated and Purchased Loans [Member] | Home Equity Lines of Credit [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 11,236 | 11,236 | 10,854 | ||
Impaired loans with no allowance for impairment | 42 | 42 | 26 | ||
Total impaired loans, excluding allowance for impairment: | 42 | 42 | 26 | ||
Loans and Leases Receivable, Gross | 11,278 | 11,278 | 10,880 | ||
Unpaid principal balance of impaired loans | 42 | 42 | 26 | ||
Originated and Purchased Loans [Member] | Other Consumer [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 24,876 | 24,876 | 4,204 | ||
Loans and Leases Receivable, Gross | 24,876 | 24,876 | 4,204 | ||
Originated and Purchased Loans [Member] | Home Equity Loans [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 64,399 | 64,399 | 63,034 | ||
Impaired loans with no allowance for impairment | 983 | 983 | 905 | ||
Recorded investment | 81 | 81 | 86 | ||
Allowance for impairment | (78) | (78) | (12) | ||
Balance of impaired loans net of allowance for impairment | 3 | 3 | 74 | ||
Total impaired loans, excluding allowance for impairment: | 1,064 | 1,064 | 991 | ||
Loans and Leases Receivable, Gross | 65,463 | 65,463 | 64,025 | ||
Unpaid principal balance of impaired loans | 1,132 | 1,132 | 1,014 | ||
Loans Acquired at Fair Value [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 160,261 | 160,261 | 183,116 | ||
Impaired loans with no allowance for impairment | 7,455 | 7,455 | 15,461 | ||
Recorded investment | 6,747 | 6,747 | 1,541 | ||
Allowance for impairment | (972) | (972) | (478) | ||
Balance of impaired loans net of allowance for impairment | 5,775 | 5,775 | 1,063 | ||
Total impaired loans, excluding allowance for impairment: | 14,202 | 14,202 | 17,002 | ||
Loans and Leases Receivable, Gross | 174,463 | 174,463 | 200,118 | ||
Unpaid principal balance of impaired loans | 16,680 | 16,680 | 19,066 | ||
Loans Acquired at Fair Value [Member] | Residential Mortgage [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 54,158 | 54,158 | 61,895 | ||
Impaired loans with no allowance for impairment | 106 | 106 | 116 | ||
Total impaired loans, excluding allowance for impairment: | 106 | 106 | 116 | ||
Loans and Leases Receivable, Gross | 54,264 | 54,264 | 62,011 | ||
Unpaid principal balance of impaired loans | 144 | 144 | 147 | ||
Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 76,611 | 76,611 | 86,564 | ||
Impaired loans with no allowance for impairment | 4,330 | 4,330 | 4,072 | ||
Recorded investment | 365 | 365 | 442 | ||
Allowance for impairment | (50) | (50) | (114) | ||
Balance of impaired loans net of allowance for impairment | 315 | 315 | 328 | ||
Total impaired loans, excluding allowance for impairment: | 4,695 | 4,695 | 4,514 | ||
Loans and Leases Receivable, Gross | 81,306 | 81,306 | 91,078 | ||
Unpaid principal balance of impaired loans | 5,187 | 5,187 | 4,759 | ||
Loans Acquired at Fair Value [Member] | Construction [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 327 | 327 | 346 | ||
Impaired loans with no allowance for impairment | 368 | 368 | 2,037 | ||
Total impaired loans, excluding allowance for impairment: | 368 | 368 | 2,037 | ||
Loans and Leases Receivable, Gross | 695 | 695 | 2,383 | ||
Unpaid principal balance of impaired loans | 391 | 391 | 2,118 | ||
Loans Acquired at Fair Value [Member] | Commercial Business [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 16,462 | 16,462 | 18,937 | ||
Impaired loans with no allowance for impairment | 1,406 | 1,406 | 8,214 | ||
Recorded investment | 6,382 | 6,382 | 642 | ||
Allowance for impairment | (922) | (922) | (340) | ||
Balance of impaired loans net of allowance for impairment | 5,460 | 5,460 | 302 | ||
Total impaired loans, excluding allowance for impairment: | 7,788 | 7,788 | 8,856 | ||
Loans and Leases Receivable, Gross | 24,250 | 24,250 | 27,793 | ||
Unpaid principal balance of impaired loans | 9,506 | 9,506 | 10,506 | ||
Loans Acquired at Fair Value [Member] | Home Equity Lines of Credit [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 8,087 | 8,087 | 9,589 | ||
Impaired loans with no allowance for impairment | 777 | 777 | 488 | ||
Recorded investment | 457 | ||||
Allowance for impairment | (24) | ||||
Balance of impaired loans net of allowance for impairment | 433 | ||||
Total impaired loans, excluding allowance for impairment: | 777 | 777 | 945 | ||
Loans and Leases Receivable, Gross | 8,864 | 8,864 | 10,534 | ||
Unpaid principal balance of impaired loans | 863 | 863 | 975 | ||
Loans Acquired at Fair Value [Member] | Other Consumer [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 79 | 79 | 87 | ||
Loans and Leases Receivable, Gross | 79 | 79 | 87 | ||
Loans Acquired at Fair Value [Member] | Home Equity Loans [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 4,537 | 4,537 | 5,698 | ||
Impaired loans with no allowance for impairment | 468 | 468 | 534 | ||
Total impaired loans, excluding allowance for impairment: | 468 | 468 | 534 | ||
Loans and Leases Receivable, Gross | 5,005 | 5,005 | 6,232 | ||
Unpaid principal balance of impaired loans | $ 589 | $ 589 | $ 561 |
Loan Quality and Allowance fo54
Loan Quality and Allowance for Loan Losses - Troubled Debt Restructurings of Loans Receivable (Detail) $ in Thousands | 3 Months Ended | 9 Months Ended | |
Mar. 31, 2016USD ($)Loan | Mar. 31, 2016USD ($)Loan | Mar. 31, 2015USD ($)Loan | |
Originated and Purchased Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of loans | Loan | 3 | 6 | 7 |
Pre-modification outstanding recorded investment | $ 714 | $ 1,811 | $ 2,303 |
Post-modification outstanding recorded investment | 724 | 1,509 | 2,145 |
Charge offs against the allowance for loan loss recognized at modification | $ 12 | $ 304 | $ 288 |
Number of loans | Loan | 1 | ||
Outstanding recorded investment | $ 419 | ||
Originated and Purchased Loans [Member] | Residential Mortgage [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of loans | Loan | 2 | 5 | 5 |
Pre-modification outstanding recorded investment | $ 673 | $ 1,770 | $ 1,955 |
Post-modification outstanding recorded investment | 687 | 1,472 | 1,823 |
Charge offs against the allowance for loan loss recognized at modification | $ 8 | $ 300 | $ 261 |
Number of loans | Loan | 1 | ||
Outstanding recorded investment | $ 419 | ||
Originated and Purchased Loans [Member] | Commercial Business [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of loans | Loan | 2 | ||
Pre-modification outstanding recorded investment | $ 348 | ||
Post-modification outstanding recorded investment | 322 | ||
Charge offs against the allowance for loan loss recognized at modification | $ 27 | ||
Loans Acquired at Fair Value [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of loans | Loan | 5 | ||
Pre-modification outstanding recorded investment | $ 2,395 | ||
Post-modification outstanding recorded investment | 2,377 | ||
Charge offs against the allowance for loan loss recognized at modification | $ 24 | ||
Loans Acquired at Fair Value [Member] | Commercial Mortgage [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of loans | Loan | 3 | ||
Pre-modification outstanding recorded investment | $ 2,285 | ||
Post-modification outstanding recorded investment | $ 2,290 | ||
Home Equity Loans [Member] | Originated and Purchased Loans [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of loans | Loan | 1 | 1 | |
Pre-modification outstanding recorded investment | $ 41 | $ 41 | |
Post-modification outstanding recorded investment | 37 | 37 | |
Charge offs against the allowance for loan loss recognized at modification | $ 4 | $ 4 | |
Home Equity Loans [Member] | Loans Acquired at Fair Value [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Number of loans | Loan | 2 | ||
Pre-modification outstanding recorded investment | $ 110 | ||
Post-modification outstanding recorded investment | 87 | ||
Charge offs against the allowance for loan loss recognized at modification | $ 24 |
Borrowings - Schedule of Fixed
Borrowings - Schedule of Fixed Rate Advances from FHLB (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Debt Disclosure [Abstract] | ||
Federal Home Loan Bank Advances Maturities Summary Due In Remainder Of Fiscal Year | $ 431,500 | $ 382,500 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Year Two | 3,000 | 3,000 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Year Three | 5,225 | 5,225 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Year Six | 597 | 671 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Year Eight | 145,000 | 145,000 |
Federal Home Loan Bank, Advances, Total | 585,322 | 536,396 |
Federal Home Loan Bank, Advances, Fair Value Adjustments | (5) | 9 |
Total Federal Home Loan Bank, Advances, After Fair Value Adjustments | $ 585,317 | $ 536,405 |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due within One Year of Balance Sheet Date | 0.69% | 0.41% |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate, One to Two Years from Balance Sheet Date | 1.05% | 1.05% |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate, Two to Three Years from Balance Sheet Date | 1.18% | 1.18% |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate, Five to Six Years from Balance Sheet Date | 4.94% | 4.94% |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate, Seven to Eight to Years From Balance Sheet Date | 3.04% | 3.04% |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Weighted Average Interest Rate | 1.28% | 1.13% |
Borrowings - Additional Informa
Borrowings - Additional Information (Detail) - USD ($) $ in Millions | Mar. 31, 2016 | Jun. 30, 2015 |
Debt Instrument [Line Items] | ||
Federal Home Loan Bank, advances, maturities summary, due in next twelve months | $ 434.5 | |
Federal Home Loan Bank, advances, maturities summary, due from after one year of balance sheet date | 150.8 | |
Federal Home Loan Bank, advances, callable in April 2018 | 145 | |
Other borrowings, sweep accounts | 33 | $ 35.1 |
Mortgage-Backed Securities [Member] | ||
Debt Instrument [Line Items] | ||
Federal Home Loan Bank, advances, general debt obligations, disclosures, collateral pledged | 174.9 | 185.2 |
Investment in Federal Home Loan Bank Stock [Member] | ||
Debt Instrument [Line Items] | ||
Federal Home Loan Bank, advances, general debt obligations, disclosures, collateral pledged | $ 1,000 | $ 894.6 |
Derivative Instruments and He57
Derivative Instruments and Hedging Activities - Additional Information (Detail) | Mar. 31, 2016USD ($)InstrumentsDerivative | Jun. 30, 2015USD ($)InstrumentsDerivative |
Derivative [Line Items] | ||
Estimated net fair value of derivatives | $ (17,587,000) | $ (8,717,000) |
Asset position | 174,000 | 794,000 |
Liability position | 17,800,000 | 9,500,000 |
Loan Origination Commitments | ||
Derivative [Line Items] | ||
Outstanding commitments to originate loans held-for-sale | 248,000 | |
Counter Party [Member] | ||
Derivative [Line Items] | ||
Derivative asset, collateral, Obligation to return cash, offset | $ 17,500,000 | $ 8,700,000 |
Other Assets [Member] | ||
Derivative [Line Items] | ||
Number of interest rate derivative instruments held | Derivative | 2 | 2 |
Other Liabilities [Member] | ||
Derivative [Line Items] | ||
Number of interest rate derivative instruments held | Derivative | 8 | 8 |
Estimated net fair value of derivatives | $ (17,587,000) | $ (8,717,000) |
Interest Rate Swaps [Member] | ||
Derivative [Line Items] | ||
Number of interest rate derivative instruments held | Instruments | 8 | |
Estimated net fair value of derivatives | $ (17,761,000) | (9,511,000) |
Interest Rate Swaps [Member] | Other Liabilities [Member] | ||
Derivative [Line Items] | ||
Estimated net fair value of derivatives | (17,761,000) | $ (9,511,000) |
Interest Rate Caps [Member] | ||
Derivative [Line Items] | ||
Number of interest rate derivative instruments held | Instruments | 2 | |
Estimated net fair value of derivatives | 174,000 | $ 794,000 |
Interest Rate Caps [Member] | Other Liabilities [Member] | ||
Derivative [Line Items] | ||
Estimated net fair value of derivatives | $ 174,000 | $ 794,000 |
Derivative Instruments and He58
Derivative Instruments and Hedging Activities - Schedule of Interest Rate Derivatives (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Jun. 30, 2015 | |
Derivative [Line Items] | |||||
Fair Value | $ (17,587) | $ (17,587) | $ (8,717) | ||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | (4,687) | $ (4,107) | (5,111) | $ (6,079) | |
Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 625,000 | 625,000 | 625,000 | ||
Fair Value | (17,587) | (17,587) | (8,717) | ||
Interest Rate Swaps [Member] | |||||
Derivative [Line Items] | |||||
Fair Value | (17,761) | (17,761) | $ (9,511) | ||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | (4,546) | (3,818) | $ (4,880) | (5,613) | |
Interest Rate Swaps [Member] | Effective July 1, 2013 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Jul. 1, 2018 | Jul. 1, 2018 | |||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | (827) | (804) | $ (715) | (757) | |
Interest Rate Swaps [Member] | Effective August 19, 2013 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Aug. 20, 2018 | Aug. 20, 2018 | |||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | (379) | (339) | $ (250) | (198) | |
Interest Rate Swaps [Member] | Effective October 9, 2013 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Oct. 9, 2018 | Oct. 9, 2018 | |||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | (304) | (259) | $ (257) | (206) | |
Interest Rate Swaps [Member] | Effective March 28, 2014 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Mar. 28, 2019 | Mar. 28, 2019 | |||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | (581) | (420) | $ (506) | (341) | |
Interest Rate Swaps [Member] | Effective June 5, 2015 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Jun. 5, 2020 | Jun. 5, 2020 | |||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | (749) | (625) | $ (829) | (1,117) | |
Interest Rate Swaps [Member] | Effective July 28, 2015 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Jul. 28, 2020 | Jul. 28, 2020 | |||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | (648) | (536) | $ (764) | (1,202) | |
Interest Rate Swaps [Member] | Effective September 28, 2015 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Sep. 28, 2020 | Sep. 28, 2020 | |||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | (548) | (439) | $ (741) | (942) | |
Interest Rate Swaps [Member] | Effective December 28, 2015 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Dec. 28, 2020 | Dec. 28, 2020 | |||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | (510) | (396) | $ (818) | (850) | |
Interest Rate Swaps [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 550,000 | 550,000 | $ 550,000 | ||
Fair Value | (17,761) | (17,761) | (9,511) | ||
Interest Rate Swaps [Member] | Other Liabilities [Member] | Effective July 1, 2013 [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 165,000 | 165,000 | 165,000 | ||
Fair Value | (1,977) | (1,977) | (768) | ||
Interest Rate Swaps [Member] | Other Liabilities [Member] | Effective August 19, 2013 [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 75,000 | 75,000 | 75,000 | ||
Fair Value | (1,572) | (1,572) | (1,149) | ||
Interest Rate Swaps [Member] | Other Liabilities [Member] | Effective October 9, 2013 [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 50,000 | 50,000 | 50,000 | ||
Fair Value | (835) | (835) | (400) | ||
Interest Rate Swaps [Member] | Other Liabilities [Member] | Effective March 28, 2014 [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 75,000 | 75,000 | 75,000 | ||
Fair Value | (2,228) | (2,228) | (1,372) | ||
Interest Rate Swaps [Member] | Other Liabilities [Member] | Effective June 5, 2015 [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 60,000 | 60,000 | 60,000 | ||
Fair Value | (3,121) | (3,121) | (1,717) | ||
Interest Rate Swaps [Member] | Other Liabilities [Member] | Effective July 28, 2015 [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 50,000 | 50,000 | 50,000 | ||
Fair Value | (2,987) | (2,987) | (1,697) | ||
Interest Rate Swaps [Member] | Other Liabilities [Member] | Effective September 28, 2015 [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 40,000 | 40,000 | 40,000 | ||
Fair Value | (2,541) | (2,541) | (1,289) | ||
Interest Rate Swaps [Member] | Other Liabilities [Member] | Effective December 28, 2015 [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 35,000 | 35,000 | 35,000 | ||
Fair Value | (2,500) | (2,500) | (1,119) | ||
Interest Rate Caps [Member] | |||||
Derivative [Line Items] | |||||
Fair Value | 174 | 174 | $ 794 | ||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | (141) | (289) | $ (231) | (466) | |
Interest Rate Caps [Member] | Effective July 1, 2013 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Jul. 1, 2018 | Jul. 1, 2018 | |||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | (64) | (138) | $ (108) | (232) | |
Interest Rate Caps [Member] | Effective June 5, 2013 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Jun. 5, 2018 | Jun. 5, 2018 | |||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | (77) | $ (151) | $ (123) | $ (234) | |
Interest Rate Caps [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 75,000 | 75,000 | $ 75,000 | ||
Fair Value | 174 | 174 | 794 | ||
Interest Rate Caps [Member] | Other Liabilities [Member] | Effective July 1, 2013 [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 35,000 | 35,000 | 35,000 | ||
Fair Value | 79 | 79 | 366 | ||
Interest Rate Caps [Member] | Other Liabilities [Member] | Effective June 5, 2013 [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 40,000 | 40,000 | 40,000 | ||
Fair Value | $ 95 | $ 95 | $ 428 |
Benefit Plans - Schedule of Net
Benefit Plans - Schedule of Net Periodic Benefit Expense (Detail) - Benefit Equalization Plan, Postretirement Welfare Plan, Directors Consultation and Retirement Plan and Atlas Bank Retirement Income Plan [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Service cost | $ 59 | $ 57 | $ 176 | $ 170 |
Interest cost | 121 | 82 | 363 | 246 |
Amortization of unrecognized past service liability | 9 | 11 | 27 | 35 |
Amortization of unrecognized loss | 9 | 8 | 28 | 22 |
Expected return on assets | (64) | (193) | ||
Net periodic benefit cost | $ 134 | $ 158 | $ 401 | $ 473 |
Fair Value of Financial Instr60
Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured At Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | $ 388,068 | $ 420,660 |
Mortgage-backed securities available for sale | 297,719 | 346,619 |
Securities available for sale | 685,787 | 767,279 |
Derivative instruments, Fair Value, Net | (17,587) | (8,717) |
Interest Rate Swaps [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Derivative instruments, Fair Value, Net | (17,761) | (9,511) |
Interest Rate Caps [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Derivative instruments, Fair Value, Net | 174 | 794 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 388,068 | 420,660 |
Mortgage-backed securities available for sale | 297,719 | 346,619 |
Securities available for sale | 685,787 | 767,279 |
Derivative instruments, Fair Value, Net | (17,587) | (8,717) |
Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Swaps [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Derivative instruments, Fair Value, Net | (17,761) | (9,511) |
Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Caps [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Derivative instruments, Fair Value, Net | 174 | 794 |
Debt Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 388,068 | 420,660 |
Debt Securities [Member] | Trust Preferred Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 7,263 | 7,751 |
Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Trust Preferred Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 7,263 | 7,751 |
Debt Securities [Member] | U.S. Agency Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 6,724 | 7,263 |
Debt Securities [Member] | U.S. Agency Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 6,724 | 7,263 |
Debt Securities [Member] | Obligations of State and Political Subdivisions [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 28,066 | 26,835 |
Debt Securities [Member] | Obligations of State and Political Subdivisions [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 28,066 | 26,835 |
Debt Securities [Member] | Asset-backed Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 84,396 | 88,032 |
Debt Securities [Member] | Asset-backed Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 84,396 | 88,032 |
Debt Securities [Member] | Collateralized Loan Obligations [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 124,941 | 128,171 |
Debt Securities [Member] | Collateralized Loan Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 124,941 | 128,171 |
Debt Securities [Member] | Corporate Bonds [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 136,678 | 162,608 |
Debt Securities [Member] | Corporate Bonds [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 136,678 | 162,608 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Mortgage-backed securities available for sale | 63,744 | |
Securities available for sale | 63,744 | 71,877 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Mortgage-backed securities available for sale | 63,744 | |
Residential Pass-Through Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Mortgage-backed securities available for sale | 225,469 | 263,613 |
Securities available for sale | 225,469 | 263,613 |
Residential Pass-Through Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Mortgage-backed securities available for sale | 225,469 | 263,613 |
Commercial Pass-Through Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Mortgage-backed securities available for sale | 8,506 | 11,129 |
Securities available for sale | 8,506 | 11,129 |
Commercial Pass-Through Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Mortgage-backed securities available for sale | $ 8,506 | 11,129 |
Collateralized Mortgage Backed Securities | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Mortgage-backed securities available for sale | 71,877 | |
Collateralized Mortgage Backed Securities | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Mortgage-backed securities available for sale | $ 71,877 |
Fair Value of Financial Instr61
Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) | Mar. 31, 2016 | Jun. 30, 2015 |
Impaired Loans [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | $ 16,106,000 | $ 9,742,000 |
Real Estate Owned [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | 775,000 | 547,000 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Loans and Leases Receivable, Gross | 2,690,853,000 | 2,069,209,000 |
Significant Unobservable Inputs (Level 3) [Member] | Impaired Loans [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | 16,106,000 | 9,742,000 |
Financing receivable, allowance for credit losses, individually evaluated for impairment | 1,400,000 | 1,100,000 |
Loans and Leases Receivable, Gross | 17,500,000 | 10,800,000 |
Significant Unobservable Inputs (Level 3) [Member] | Real Estate Owned [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | 775,000 | $ 547,000 |
Loan Origination Commitments | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Outstanding commitments to originate loans held-for-sale | $ 248,000 |
Fair Value of Financial Instr62
Fair Value of Financial Instruments - Schedule of Assets and Liabilities Measured At Fair Value on a Non-recurring Basis (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Impaired Loans [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | $ 16,106 | $ 9,742 |
Impaired Loans [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | 16,106 | 9,742 |
Real Estate Owned [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | 775 | 547 |
Real Estate Owned [Member] | Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | $ 775 | $ 547 |
Fair Value of Financial Instr63
Fair Value of Financial Instruments - Schedule of Quantitative Information about Level 3 Fair Value Measurements (Detail) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Jun. 30, 2015 | |
Impaired Loans [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | $ 16,106 | $ 9,742 |
Impaired Loans [Member] | Market Valuation of Underlying Collateral [Member] | Direct Disposal Costs [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | $ 16,106 | $ 9,742 |
Valuation Techniques | Market valuation of underlying collateral | |
Unobservable Input | Direct disposal costs | |
Weighted Average | 6.94% | 9.45% |
Impaired Loans [Member] | Minimum [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Range | 6.00% | 6.00% |
Impaired Loans [Member] | Minimum [Member] | Market Valuation of Underlying Collateral [Member] | Direct Disposal Costs [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Range | 6.00% | 6.00% |
Impaired Loans [Member] | Maximum [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Range | 10.00% | 10.00% |
Impaired Loans [Member] | Maximum [Member] | Market Valuation of Underlying Collateral [Member] | Direct Disposal Costs [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Range | 10.00% | 10.00% |
Real Estate Owned [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | $ 775 | $ 547 |
Real Estate Owned [Member] | Market Valuation of Property [Member] | Direct Disposal Costs [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | $ 775 | $ 547 |
Valuation Techniques | Market valuation of property | |
Unobservable Input | Direct disposal costs | |
Range | 8.00% | 8.00% |
Weighted Average | 8.00% | 8.00% |
Real Estate Owned [Member] | Minimum [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Range | 6.00% | 6.00% |
Real Estate Owned [Member] | Maximum [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Range | 10.00% | 10.00% |
Fair Value of Financial Instr64
Fair Value of Financial Instruments - Schedule of Quantitative Information about Level 3 Fair Value Measurements (Parenthetical) (Detail) | 9 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Jun. 30, 2015 | |
Minimum [Member] | Impaired Loans [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Range | 6.00% | 6.00% |
Minimum [Member] | Real Estate Owned [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Range | 6.00% | 6.00% |
Maximum [Member] | Impaired Loans [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Range | 10.00% | 10.00% |
Maximum [Member] | Real Estate Owned [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Range | 10.00% | 10.00% |
Fair Value of Financial Instr65
Fair Value of Financial Instruments - Schedule of Carrying Amounts and Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | $ 388,068 | $ 420,660 |
Mortgage-backed securities available for sale | 297,719 | 346,619 |
Securities held to maturity, estimated fair value | 168,850 | 218,366 |
Mortgage-backed securities held to maturity, fair value disclosure | 434,334 | 445,501 |
Fair Value | (17,587) | (8,717) |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 114,956 | 340,136 |
Interest receivable | 11,626 | 9,873 |
Deposits | 1,465,129 | 1,463,974 |
Interest payable on borrowings | 1,213 | 1,020 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 388,068 | 420,660 |
Mortgage-backed securities available for sale | 297,719 | 346,619 |
Securities held to maturity, estimated fair value | 168,850 | 218,366 |
Mortgage-backed securities held to maturity, fair value disclosure | 434,334 | 445,501 |
Fair Value | (17,587) | (8,717) |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Loans and Leases Receivable, Gross | 2,690,853 | 2,069,209 |
FHLB Stock | 29,670 | 27,468 |
Deposits | 1,209,500 | 1,012,451 |
Borrowings | 635,903 | 585,209 |
Carrying Amount [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 114,956 | 340,136 |
Securities available for sale, Fair value | 388,068 | 420,660 |
Mortgage-backed securities available for sale | 297,719 | 346,619 |
Securities held to maturity, estimated fair value | 167,144 | 219,862 |
Mortgage-backed securities held to maturity, fair value disclosure | 425,286 | 443,479 |
Loans and Leases Receivable, Gross | 2,697,059 | 2,087,258 |
FHLB Stock | 29,670 | 27,468 |
Interest receivable | 11,626 | 9,873 |
Deposits | 2,660,773 | 2,465,650 |
Borrowings | 618,320 | 571,499 |
Interest payable on borrowings | 1,213 | 1,020 |
Fair Value [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 114,956 | 340,136 |
Securities available for sale, Fair value | 388,068 | 420,660 |
Mortgage-backed securities available for sale | 297,719 | 346,619 |
Securities held to maturity, estimated fair value | 168,850 | 218,366 |
Mortgage-backed securities held to maturity, fair value disclosure | 434,334 | 445,501 |
Loans and Leases Receivable, Gross | 2,690,853 | 2,069,209 |
FHLB Stock | 29,670 | 27,468 |
Interest receivable | 11,626 | 9,873 |
Deposits | 2,674,629 | 2,476,425 |
Borrowings | 635,903 | 585,209 |
Interest payable on borrowings | 1,213 | 1,020 |
Interest Rate Swaps [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair Value | (17,761) | (9,511) |
Interest Rate Swaps [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair Value | (17,761) | (9,511) |
Interest Rate Swaps [Member] | Carrying Amount [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair Value | (17,761) | (9,511) |
Interest Rate Swaps [Member] | Fair Value [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair Value | (17,761) | (9,511) |
Interest Rate Caps [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair Value | 174 | 794 |
Interest Rate Caps [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair Value | 174 | 794 |
Interest Rate Caps [Member] | Carrying Amount [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair Value | 174 | 794 |
Interest Rate Caps [Member] | Fair Value [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair Value | $ 174 | $ 794 |
Fair Value of Financial Instr66
Fair Value of Financial Instruments - Schedule of Carrying Amounts and Fair Values of Financial Instruments (Parenthetical) (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Fair Value Disclosures [Abstract] | ||
Accrued interest payable on deposits | $ 139,000 | $ 80,000 |
Comprehensive Loss - Schedule o
Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Jun. 30, 2015 |
Accumulated Other Comprehensive Income Loss [Line Items] | ||
Total accumulated other comprehensive (loss) income | $ (18,094) | $ (7,761) |
Net Unrealized Loss on Securities Available for Sale [Member] | ||
Accumulated Other Comprehensive Income Loss [Line Items] | ||
Accumulated other comprehensive (loss) income, before tax | (8,451) | (147) |
Tax effect | 3,461 | (108) |
Total accumulated other comprehensive (loss) income | (4,990) | (255) |
Net Unrealized Loss on Securities Transferred from Available for Sale to Held to Maturity [Member] | ||
Accumulated Other Comprehensive Income Loss [Line Items] | ||
Accumulated other comprehensive (loss) income, before tax | (1,033) | (1,065) |
Tax effect | 422 | 435 |
Total accumulated other comprehensive (loss) income | (611) | (630) |
Fair Value Adjustments on Derivatives [Member] | ||
Accumulated Other Comprehensive Income Loss [Line Items] | ||
Accumulated other comprehensive (loss) income, before tax | (19,770) | (11,130) |
Tax effect | 8,076 | 4,547 |
Total accumulated other comprehensive (loss) income | (11,694) | (6,583) |
Benefit Plan Adjustments [Member] | ||
Accumulated Other Comprehensive Income Loss [Line Items] | ||
Accumulated other comprehensive (loss) income, before tax | (1,350) | (494) |
Tax effect | 551 | 201 |
Total accumulated other comprehensive (loss) income | $ (799) | $ (293) |
Comprehensive Loss - Schedule68
Comprehensive Loss - Schedule of Comprehensive Loss (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | ||
Comprehensive Income Net Of Tax [Abstract] | |||||
Net unrealized holding (loss) gain on securities available for sale | $ (431) | $ 3,662 | $ (8,304) | $ 3,626 | |
Amortization of net unrealized holding gain (loss) on securities available for sale transferred to held to maturity | [1] | 38 | (22) | 32 | (20) |
Net realized gain on securities available for sale | (7) | ||||
Net unrealized loss on derivatives | (7,925) | (6,943) | (8,640) | (10,277) | |
Benefit plans, Amortization of Actuarial loss | [2] | 9 | 8 | 28 | 22 |
Benefit plans, Amortization of Past service cost | [2] | 9 | 11 | 27 | 35 |
Benefit plans, Amortization of New actuarial (loss) | (911) | (363) | |||
Net change in benefit plan accrued expense | 18 | 19 | (856) | (306) | |
Other comprehensive loss before taxes | (8,300) | (3,284) | (17,768) | (6,984) | |
Tax effect | [3] | 3,466 | 1,351 | 7,435 | 3,023 |
Total Other Comprehensive Loss | $ (4,834) | $ (1,933) | $ (10,333) | $ (3,961) | |
[1] | Represents amounts reclassified out of accumulated other comprehensive loss and included in interest income on taxable securities. | ||||
[2] | Represents amounts reclassified out of accumulated other comprehensive income and included in the computation of net periodic pension expense. See Note 14 – Benefit Plans for additional information. | ||||
[3] | The amounts included in income taxes for items reclassified out of accumulated other comprehensive loss totaled $7 and $(350) for the three and nine months ended March 31, 2016, respectively, and $8 and $(127) for the three and six months ended March 31, 2015, respectively. |
Comprehensive Loss - Schedule69
Comprehensive Loss - Schedule of Comprehensive Loss (Parenthetical) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | ||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||||
Tax effect | [1] | $ (3,466) | $ (1,351) | $ (7,435) | $ (3,023) | |
Reclassification Out of Accumulated Other Comprehensive Loss [Member] | ||||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||||
Tax effect | $ 7 | $ 8 | $ (127) | $ (350) | ||
[1] | The amounts included in income taxes for items reclassified out of accumulated other comprehensive loss totaled $7 and $(350) for the three and nine months ended March 31, 2016, respectively, and $8 and $(127) for the three and six months ended March 31, 2015, respectively. |