Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Dec. 31, 2016 | Feb. 06, 2017 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Dec. 31, 2016 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
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 | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 88,240,445 |
CONSOLIDATED STATEMENTS OF FINA
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Assets | ||
Cash and amounts due from depository institutions | $ 17,541 | $ 21,328 |
Interest-bearing deposits in other banks | 19,491 | 177,872 |
Cash and cash equivalents | 37,032 | 199,200 |
Debt securities available for sale (amortized cost $408,666 and $402,137) | 399,456 | 389,910 |
Mortgage-backed securities available for sale (amortized cost $273,751 and $276,111) | 271,825 | 283,627 |
Securities available for sale | 671,281 | 673,537 |
Debt securities held to maturity (fair value $136,730 and $169,794) | 137,681 | 167,171 |
Mortgage-backed securities held to maturity (fair value $380,401 and $422,690) | 380,138 | 410,115 |
Securities held to maturity | 517,819 | 577,286 |
Loans held-for-sale | 6,686 | 3,316 |
Loans receivable, including unamortized yield adjustments of $3,289 and $2,606 | 2,973,931 | 2,673,987 |
Less allowance for loan losses | (26,060) | (24,229) |
Net loans receivable | 2,947,871 | 2,649,758 |
Premises and equipment | 38,341 | 38,385 |
Federal Home Loan Bank of New York ("FHLB") stock | 34,525 | 30,612 |
Accrued interest receivable | 11,809 | 11,212 |
Goodwill | 108,591 | 108,591 |
Bank owned life insurance | 178,656 | 176,016 |
Deferred income tax assets, net | 16,098 | 25,973 |
Other assets | 16,599 | 6,173 |
Total Assets | 4,585,308 | 4,500,059 |
Liabilities | ||
Deposits: Non-interest-bearing | 240,367 | 238,751 |
Deposits: Interest-bearing | 2,505,650 | 2,456,082 |
Total deposits | 2,746,017 | 2,694,833 |
Borrowings | 701,849 | 614,423 |
Advance payments by borrowers for taxes | 7,618 | 7,906 |
Other liabilities | 15,172 | 35,268 |
Total Liabilities | 3,470,656 | 3,352,430 |
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; 89,176,477 shares and 91,821,910 shares issued and outstanding, respectively | 892 | 918 |
Paid-in capital | 795,773 | 849,173 |
Retained earnings | 357,540 | 350,806 |
Unearned employee stock ownership plan shares; 3,662,730 shares and 3,763,078 shares, respectively | (35,508) | (36,481) |
Accumulated other comprehensive loss, net | (4,045) | (16,787) |
Total Stockholders' Equity | 1,114,652 | 1,147,629 |
Total Liabilities and Stockholders' Equity | $ 4,585,308 | $ 4,500,059 |
CONSOLIDATED STATEMENTS OF FIN3
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Statement Of Financial Position [Abstract] | ||
Securities available for sale, Amortized cost | $ 408,666 | $ 402,137 |
Mortgage-backed securities available for sale, amortized cost | 273,751 | 276,111 |
Securities held to maturity, estimated fair value | 136,730 | 169,794 |
Mortgage-backed securities held to maturity, fair value disclosure | 380,401 | 422,690 |
Loans receivable, unamortized yield adjustments | $ 3,289 | $ 2,606 |
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 | 89,176,477 | 91,821,910 |
Common stock, shares outstanding | 89,176,477 | 91,821,910 |
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 3,662,730 | 3,763,078 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Interest Income | ||||
Loans | $ 27,407 | $ 24,641 | $ 53,104 | $ 46,673 |
Mortgage-backed securities | 3,779 | 4,409 | 7,716 | 8,923 |
Debt securities: | ||||
Taxable | 2,146 | 1,845 | 4,186 | 3,741 |
Tax-exempt | 562 | 555 | 1,113 | 1,089 |
Other interest-earning assets | 421 | 374 | 1,002 | 813 |
Total Interest Income | 34,315 | 31,824 | 67,121 | 61,239 |
Interest Expense | ||||
Deposits | 5,410 | 4,529 | 10,771 | 8,601 |
Borrowings | 3,289 | 3,357 | 6,713 | 6,344 |
Total Interest Expense | 8,699 | 7,886 | 17,484 | 14,945 |
Net Interest Income | 25,616 | 23,938 | 49,637 | 46,294 |
Provision for Loan Losses | 1,255 | 3,414 | 2,384 | 6,055 |
Net Interest Income after Provision for Loan Losses | 24,361 | 20,524 | 47,253 | 40,239 |
Non-Interest Income | ||||
Fees and service charges | 1,289 | 709 | 1,952 | 1,382 |
Gain on sale and call of securities | 21 | 2 | 21 | 2 |
Gain on sale of loans | 459 | 76 | 759 | 148 |
Gain (loss) on sale and write down of real estate owned | 12 | (113) | (3) | (113) |
Income from bank owned life insurance | 1,321 | 1,409 | 2,640 | 2,799 |
Electronic banking fees and charges | 270 | 277 | 553 | 563 |
Miscellaneous | 74 | 50 | 153 | 122 |
Total Non-Interest Income | 3,446 | 2,410 | 6,075 | 4,903 |
Non-Interest Expense | ||||
Salaries and employee benefits | 11,592 | 10,381 | 22,501 | 21,006 |
Net occupancy expense of premises | 1,976 | 1,774 | 3,917 | 3,683 |
Equipment and systems | 2,030 | 1,614 | 4,078 | 3,592 |
Advertising and marketing | 387 | 563 | 936 | 991 |
Federal deposit insurance premium | 339 | 675 | 644 | 1,337 |
Directors' compensation | 379 | 181 | 604 | 363 |
Miscellaneous | 2,670 | 2,516 | 5,353 | 5,114 |
Total Non-Interest Expense | 19,373 | 17,704 | 38,033 | 36,086 |
Income before Income Taxes | 8,434 | 5,230 | 15,295 | 9,056 |
Income taxes | 2,970 | 1,433 | 5,164 | 2,283 |
Net Income | $ 5,464 | $ 3,797 | $ 10,131 | $ 6,773 |
Net Income per Common Share (EPS) | ||||
Basic | $ 0.06 | $ 0.04 | $ 0.12 | $ 0.08 |
Diluted | $ 0.06 | $ 0.04 | $ 0.12 | $ 0.08 |
Weighted Average Number of Common Shares Outstanding | ||||
Basic | 85,174 | 89,640 | 85,710 | 89,615 |
Diluted | 85,258 | 89,674 | 85,782 | 89,647 |
Dividends Declared Per Common Share | $ 0.02 | $ 0.02 | $ 0.04 | $ 0.04 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Net Income | $ 5,464 | $ 3,797 | $ 10,131 | $ 6,773 |
Other Comprehensive Income: | ||||
Net unrealized loss on securities available for sale, net of deferred income tax (benefit) of: 2016 $2,924, $2,182; 2015 $2,548, $3,317 | (5,314) | (3,871) | (4,241) | (4,554) |
Net (loss) gain on securities transferred from available for sale to held to maturity, net of deferred income tax (benefit) expense of: 2016 $(18), $(15); 2015 $11, $(2) | (25) | 14 | (21) | (4) |
Net realized loss (gain) on securities available for sale, net of income tax benefit (expense) of: 2016 $4, $4; 2015 $(1), $(1) | 6 | (1) | 6 | (1) |
Fair value adjustments on derivatives, net of deferred income tax expense (benefit) of: 2016 $9,704, $11,887; 2015 $2,769, $(291) | 14,051 | 4,008 | 17,212 | (423) |
Benefit plan adjustments, net of deferred income tax expense (benefit) of: 2016 $6, $(148); 2015 $8, $(357) | 10 | 11 | (214) | (517) |
Total Other Comprehensive Income (Loss) | 8,728 | 161 | 12,742 | (5,499) |
Total Comprehensive Income | $ 14,192 | $ 3,958 | $ 22,873 | $ 1,274 |
CONSOLIDATED STATEMENTS OF COM6
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Deferred income tax benefit, Net unrealized loss on securities available for sale | $ 2,924 | $ 2,548 | $ 2,182 | $ 3,317 |
Deferred income tax (benefit) expense, Net (loss) gain on securities transferred from available for sale to held to maturity | (18) | 11 | (15) | (2) |
Income tax benefit (expense), Net realized loss (gain) on securities available for sale | 4 | (1) | 4 | (1) |
Deferred income tax expense (benefit), Fair value adjustments on derivatives | 9,704 | 2,769 | 11,887 | (291) |
Deferred tax expense (benefit), Benefit plans adjustments | $ 6 | $ 8 | $ (148) | $ (357) |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands | Total | Common Stock [Member] | Paid-in Capital [Member] | Retained Earnings [Member] | Unearned ESOP Shares [Member] | Accumulated Other Comprehensive Loss [Member] |
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 | 93,528,000 | |||||
Net Income | 6,773 | 6,773 | ||||
Other comprehensive income (loss), net of income tax benefit expense | (5,499) | (5,499) | ||||
ESOP shares committed to be released | 1,184 | 211 | 973 | |||
Stock option expense | 80 | 80 | ||||
Restricted stock plan shares earned (in value) | 141 | 141 | ||||
Cash dividends declared | (3,578) | (3,578) | ||||
Balance (in value) at Dec. 31, 2015 | 1,166,476 | $ 935 | 870,912 | 345,343 | (37,454) | (13,260) |
Balance (in shares) at Dec. 31, 2015 | 93,528,000 | |||||
Balance (in value) at Jun. 30, 2016 | $ 1,147,629 | $ 918 | 849,173 | 350,806 | (36,481) | (16,787) |
Balance (in shares) at Jun. 30, 2016 | 91,821,910 | 91,822,000 | ||||
Net Income | $ 10,131 | 10,131 | ||||
Other comprehensive income (loss), net of income tax benefit expense | 12,742 | 12,742 | ||||
ESOP shares committed to be released | 1,407 | 434 | 973 | |||
Stock option expense | 231 | 231 | ||||
Share repurchases (in value) | (54,518) | $ (40) | (54,478) | |||
Stock repurchases (in shares) | (4,033,000) | |||||
Issuance of shares for stock benefit plan (in value) | $ 14 | (14) | ||||
Issuance of shares for stock benefit plan (in shares) | 1,387,000 | |||||
Restricted stock plan shares earned (in value) | 427 | 427 | ||||
Cash dividends declared | (3,397) | (3,397) | ||||
Balance (in value) at Dec. 31, 2016 | $ 1,114,652 | $ 892 | $ 795,773 | $ 357,540 | $ (35,508) | $ (4,045) |
Balance (in shares) at Dec. 31, 2016 | 89,176,477 | 89,176,000 |
CONSOLIDATED STATEMENTS OF CHA8
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) - $ / shares shares in Thousands | 6 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Statement Of Stockholders Equity [Abstract] | ||
ESOP shares committed to be released, shares | 100 | 100 |
Restricted stock plan shares earned, shares | 30 | 16 |
Dividends Declared Per Common Share | $ 0.04 | $ 0.04 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Cash Flows from Operating Activities: | ||
Net Income | $ 10,131 | $ 6,773 |
Adjustment to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization of premises and equipment | 1,471 | 1,488 |
Net amortization of premiums, discounts and loan fees and costs | 2,785 | 2,143 |
Deferred income taxes | 342 | (1,457) |
Amortization of intangible assets | 72 | 86 |
Amortization of benefit plans’ unrecognized net loss (gain) | 33 | (439) |
Provision for loan losses | 2,384 | 6,055 |
Loss on write-down and sales of real estate owned | 3 | 113 |
Loans originated for sale | (58,305) | |
Proceeds from sale of loans held-for-sale | 55,344 | |
Realized gain on sale of loans held-for-sale, net | (409) | |
Realized gain on sale of loans | (350) | (148) |
Proceeds from sale of loans | 4,217 | 1,811 |
Realized loss on call of debt securities available for sale | 10 | |
Realized gain on call of debt securities held to maturity | (31) | (2) |
Realized gain on disposition of premises and equipment | (11) | (14) |
Increase in cash surrender value of bank owned life insurance | (2,640) | (2,799) |
ESOP, stock option plan and restricted stock plan expenses | 2,065 | 1,405 |
Increase in interest receivable | (597) | (1,056) |
Decrease (increase) in other assets | 154 | (53) |
Increase in interest payable | 100 | 117 |
(Increase) decrease in other liabilities | (1,319) | 2,788 |
Net Cash Provided by Operating Activities | 15,449 | 16,811 |
Cash Flows from Investing Activities: | ||
Purchases of debt securities available for sale | (36,926) | |
Proceeds from repayments of debt securities available for sale | 30,476 | 389 |
Purchases of mortgage-backed securities available for sale | (30,663) | |
Principal repayments on mortgage-backed securities available for sale | 32,446 | 36,985 |
Purchase of debt securities held to maturity | (22,793) | (9,488) |
Proceeds from repayments of debt securities held to maturity | 52,198 | 61,914 |
Purchases of mortgage-backed securities held to maturity | (11,958) | |
Principal repayments on mortgage-backed securities held to maturity | 28,902 | 23,277 |
Purchase of loans | (133,101) | (321,176) |
Net increase in loans receivable | (173,739) | (182,700) |
Proceeds from sale of real estate owned | 505 | 435 |
Additions to premises and equipment | (1,416) | (1,464) |
Proceeds from cash settlement of premises and equipment | 14 | |
Purchase of FHLB stock | (10,080) | (2,475) |
Redemption of FHLB stock | 6,167 | 272 |
Net Cash Used in Investing Activities | (258,024) | (405,975) |
Cash Flows from Financing Activities: | ||
Net increase in deposits | 51,189 | 117,556 |
Repayment of term FHLB advances | (853,051) | (801,048) |
Proceeds from term FHLB advances | 850,000 | 850,000 |
Net change in overnight borrowings | 90,000 | |
Net increase (decrease) in other short-term borrowings | 472 | (32) |
Net decrease in advance payments by borrowers for taxes | (288) | (1,006) |
Repurchase and cancellation of common stock of Kearny Financial Corp. | (54,518) | |
Cash dividends paid | (3,397) | (3,578) |
Net Cash Provided by Financing Activities | 80,407 | 161,892 |
Net Decrease in Cash and Cash Equivalents | (162,168) | (227,272) |
Cash and Cash Equivalents - Beginning | 199,200 | 340,136 |
Cash and Cash Equivalents - Ending | 37,032 | 112,864 |
Cash paid during the year for: | ||
Income taxes, net of refunds | 3,934 | 2,834 |
Interest | 17,385 | 14,828 |
Non-cash investing and financing activities: | ||
Acquisition of real estate owned in settlement of loans | $ 1,719 | $ 1,920 |
Principles of Consolidation
Principles of Consolidation | 6 Months Ended |
Dec. 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 | 6 Months Ended |
Dec. 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 six-month periods ended December 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, 2016 was derived from the Company’s 2016 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 2016 annual report on Form 10-K. |
Net Income Per Common Share ("E
Net Income Per Common Share ("EPS") | 6 Months Ended |
Dec. 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 Six Months Ended December 31, 2016 December 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 $ 5,464 $ 10,131 Basic earnings per share, income available to common stockholders $ 5,464 85,174 $ 0.06 $ 10,131 85,710 $ 0.12 Effect of dilutive securities: Stock options 84 72 $ 5,464 85,258 $ 0.06 $ 10,131 85,782 $ 0.12 Three Months Ended December 31, 2015 Six Months Ended December 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 $ 3,797 $ 6,773 Basic earnings per share, income available to common stockholders $ 3,797 89,640 $ 0.04 $ 6,773 89,615 $ 0.08 Effect of dilutive securities: Stock options 34 32 $ 3,797 89,674 $ 0.04 $ 6,773 89,647 $ 0.08 During the three and six months ended December 31, 2016, the average number of options which were considered anti-dilutive totaled approximately 1,108,587 and 554,293, respectively. During the three months and six months ended December 31, 2015, the average number of options which were considered anti-dilutive totaled approximately 264,077 and 270,078, respectively. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Dec. 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 December 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 | 6 Months Ended |
Dec. 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. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 6 Months Ended |
Dec. 31, 2016 | |
Accounting Changes And Error Corrections [Abstract] | |
Recent Accounting Pronouncements | 6. RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) In September 2015, the FASB issued ASU 2015-16, Business Combination (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments 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 and its adoption did not have a significant impact on the Company’s 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 In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) 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 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships In March 2016, the FASB issued ASU 2016-06, Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments In March 2016, the FASB issued ASU 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting 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 adopted this ASU effective October 1, 2016 and its adoption did not have a significant impact on the Company’s consolidated financial statements. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing The effective date and transition requirements for ASU 2016-10 are the same as the effective date and transition requirements of Topic 606 which, for public entities, 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 May 2016, the FASB issued ASU 2016-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting The amendments within Topics 605 and 932 are effective upon adoption of Topic 606 which, for public entities, is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Paragraph 815-10-S99-3 is rescinded to coincide with the effective date of Update 2014-16. The Company is currently evaluating the impact of adopting this ASU on its consolidated financial statements. In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients The effective date and transition requirements for ASU 2016-12 are the same as the effective date and transition requirements of Topic 606 which, for public entities, 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 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instrument The ASU also replaces the current accounting model for purchased credit impaired loans and debt securities. The allowance for credit losses for purchased financial assets with a more-than insignificant amount of credit deterioration since origination (“PCD assets”), should be determined in a similar manner to other financial assets measured on an amortized cost basis. However, upon initial recognition, the allowance for credit losses is added to the purchase price (“gross up approach”) to determine the initial amortized cost basis. The subsequent accounting for PCD financial assets is the same expected loss model described above. Further, the ASU made certain targeted amendments to the existing impairment model for available-for-sale (AFS) debt securities. For an AFS debt security for which there is neither the intent nor a more-likely-than-not requirement to sell, an entity will record credit losses as an allowance rather than a write-down of the amortized cost basis. For public business entities that are SEC filers, the amendments are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting this ASU on its consolidated financial statements. On August 26, 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) On December 14, 2016, the FASB issued ASU 2016-19, Technical Corrections and Improvements |
Securities Available for Sale
Securities Available for Sale | 6 Months Ended |
Dec. 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 December 31, 2016 and June 30, 2016 and stratification by contractual maturity of debt securities available for sale at December 31, 2016 are presented below: December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities available for sale: Debt securities: U.S. agency securities $ 5,810 $ 17 $ 18 $ 5,809 Obligations of state and political subdivisions 27,477 37 424 27,090 Asset-backed securities 124,754 129 3,438 121,445 Collateralized loan obligations 98,695 144 392 98,447 Corporate bonds 143,022 410 4,868 138,564 Trust preferred securities 8,908 - 807 8,101 Total debt securities 408,666 737 9,947 399,456 Mortgage-backed securities: Collateralized mortgage obligations: Federal Home Loan Mortgage Corporation 17,507 51 222 17,336 Federal National Mortgage Association 35,909 2 1,027 34,884 Non-agency securities 114 - 1 113 Total collateralized mortgage obligations 53,530 53 1,250 52,333 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 1,521 130 - 1,651 Federal Home Loan Mortgage Corporation 132,460 1,070 2,422 131,108 Federal National Mortgage Association 78,054 1,449 1,004 78,499 Total residential pass-through securities 212,035 2,649 3,426 211,258 Commercial pass-through securities: Federal National Mortgage Association 8,186 48 - 8,234 Total commercial pass-through securities 8,186 48 - 8,234 Total mortgage-backed securities 273,751 2,750 4,676 271,825 Total securities available for sale $ 682,417 $ 3,487 $ 14,623 $ 671,281 December 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 52,648 51,529 Due after five years through ten years 208,893 205,096 Due after ten years 147,125 142,831 Total $ 408,666 $ 399,456 June 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities available for sale: Debt securities: U.S. agency securities $ 6,307 $ 146 $ 13 $ 6,440 Obligations of state and political subdivisions 27,489 909 - 28,398 Asset-backed securities 87,746 - 5,121 82,625 Collateralized loan obligations 128,664 24 1,314 127,374 Corporate bonds 143,027 7 5,630 137,404 Trust preferred securities 8,904 25 1,260 7,669 Total debt securities 402,137 1,111 13,338 389,910 Mortgage-backed securities: Collateralized mortgage obligations: Federal Home Loan Mortgage Corporation 20,944 380 - 21,324 Federal National Mortgage Association 38,992 226 89 39,129 Non-agency securities 126 - 2 124 Total collateralized mortgage obligations 60,062 606 91 60,577 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 1,789 171 - 1,960 Federal Home Loan Mortgage Corporation 126,415 3,557 - 129,972 Federal National Mortgage Association 79,583 3,011 - 82,594 Total residential pass-through securities 207,787 6,739 - 214,526 Commercial pass-through securities: Federal National Mortgage Association 8,262 262 - 8,524 Total commercial pass-through securities 8,262 262 - 8,524 Total mortgage-backed securities 276,111 7,607 91 283,627 Total securities available for sale $ 678,248 $ 8,718 $ 13,429 $ 673,537 There were no sales of securities available for sale during the three months and six months ended December 31, 2016 and December 31, 2015. At December 31, 2016 and June 30, 2016, securities available for sale with carrying values of approximately $38.3 million and $45.0 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 $872,000 and $983,000, respectively, were pledged to secure public funds on deposit. |
Securities Held to Maturity
Securities Held to Maturity | 6 Months Ended |
Dec. 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 December 31, 2016 and June 30, 2016 and stratification by contractual maturity of debt securities held to maturity at December 31, 2016 are presented below: December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities held to maturity: Debt securities: U.S. agency securities $ 34,999 $ - $ 41 $ 34,958 Obligations of state and political subdivisions 87,682 87 997 86,772 Subordinated debt 15,000 - - 15,000 Total debt securities 137,681 87 1,038 136,730 Mortgage-backed securities: Collateralized mortgage obligations: Government National Mortgage Association 2,471 - 57 2,414 Federal Home Loan Mortgage Corporation 17,867 2 382 17,487 Federal National Mortgage Association 178 19 - 197 Non-agency securities 27 - 1 26 Total collateralized mortgage obligations 20,543 21 440 20,124 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 8 1 - 9 Federal Home Loan Mortgage Corporation 39,472 6 391 39,087 Federal National Mortgage Association 160,922 642 328 161,236 Total residential pass-through securities 200,402 649 719 200,332 Commercial pass-through securities: Government National Mortgage Association 4,981 - 22 4,959 Federal National Mortgage Association 154,212 992 218 154,986 Total commercial pass-through securities 159,193 992 240 159,945 Total mortgage-backed securities 380,138 1,662 1,399 380,401 Total securities held to maturity $ 517,819 $ 1,749 $ 2,437 $ 517,131 December 31, 2016 Amortized Cost Fair Value (In Thousands) Debt securities held to maturity: Due in one year or less $ 39,284 $ 39,242 Due after one year through five years 18,834 18,634 Due after five years through ten years 68,012 67,425 Due after ten years 11,551 11,429 Total $ 137,681 $ 136,730 June 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities held to maturity: Debt securities: U.S. agency securities $ 84,992 $ 31 $ 1 $ 85,022 Obligations of state and political subdivisions 82,179 2,602 9 84,772 Total debt securities 167,171 2,633 10 169,794 Mortgage-backed securities: Collateralized mortgage obligations: Government National Mortgage Association 2,787 25 - 2,812 Federal Home Loan Mortgage Corporation 20,067 92 - 20,159 Federal National Mortgage Association 194 24 - 218 Non-agency securities 33 - 1 32 Total collateralized mortgage obligations 23,081 141 1 23,221 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 8 1 - 9 Federal Home Loan Mortgage Corporation 43,716 470 - 44,186 Federal National Mortgage Association 179,908 4,132 4 184,036 Total residential pass-through securities 223,632 4,603 4 228,231 Commercial pass-through securities: Government National Mortgage Association 7,756 22 - 7,778 Federal National Mortgage Association 155,646 7,814 - 163,460 Total commercial pass-through securities 163,402 7,836 - 171,238 Total mortgage-backed securities 410,115 12,580 5 422,690 Total securities held to maturity $ 577,286 $ 15,213 $ 15 $ 592,484 There were no sales of securities held to maturity during the three and six months ended December 31, 2016 and December 31, 2015. At December 31, 2016 and June 30, 2016, securities held to maturity with carrying values of approximately $124.8 million and $148.8 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 $7.0 million and $7.5 million, respectively, were pledged to secure public funds on deposit. |
Impairment of Securities
Impairment of Securities | 6 Months Ended |
Dec. 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 December 31, 2016 and June 30, 2016. 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. December 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 $ 2,064 $ 4 $ 1,927 $ 14 $ 3,991 $ 18 Obligations of state and political subdivisions 19,776 424 - - 19,776 424 Asset-backed securities 31,481 744 60,594 2,694 92,075 3,438 Collateralized loan obligations 19,917 10 59,576 382 79,493 392 Corporate bonds - - 110,163 4,868 110,163 4,868 Trust preferred securities - - 7,101 807 7,101 807 Collateralized mortgage obligations 36,860 858 9,933 392 46,793 1,250 Residential pass-through securities 117,476 3,426 - - 117,476 3,426 Total $ 227,574 $ 5,466 $ 249,294 $ 9,157 $ 476,868 $ 14,623 June 30, 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 $ - $ - $ 2,053 $ 13 $ 2,053 $ 13 Asset-backed securities 45,564 2,726 37,061 2,395 82,625 5,121 Collateralized loan obligations 18,227 119 98,743 1,195 116,970 1,314 Corporate bonds 18,938 61 113,482 5,569 132,420 5,630 Trust preferred securities - - 6,644 1,260 6,644 1,260 Collateralized mortgage obligations 672 3 10,485 88 11,157 91 Total $ 83,401 $ 2,909 $ 268,468 $ 10,520 $ 351,869 $ 13,429 The number of available for sale securities with unrealized losses at December 31, 2016 totaled 132 and included seven U.S. agency securities, 52 municipal obligations, nine asset-backed securities, 12 collateralized loan obligations, nine corporate obligations, four trust preferred securities, ten collateralized mortgage obligations and 29 residential pass-through securities. The number of available for sale securities with unrealized losses at June 30, 2016 totaled 52 and included five U.S. agency securities, eight asset-backed securities, 18 collateralized loan obligations, 14 corporate obligations, four trust preferred securities and three collateralized mortgage obligations. December 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 $ 24,976 $ 24 $ 9,983 $ 17 $ 34,959 $ 41 Obligations of state and political subdivisions 66,782 984 403 13 67,185 997 Collateralized mortgage obligations 19,881 439 27 1 19,908 440 Residential pass-through securities 134,611 660 1,951 59 136,562 719 Commercial pass-through securities 26,807 240 - - 26,807 240 Total $ 273,057 $ 2,347 $ 12,364 $ 90 $ 285,421 $ 2,437 June 30, 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 $ - $ - $ 10,000 $ 1 $ 10,000 $ 1 Obligations of state and political subdivisions 1,904 5 669 4 2,573 9 Collateralized mortgage obligations - - 32 1 32 1 Residential pass-through securities - - 2,026 4 2,026 4 Total $ 1,904 $ 5 $ 12,727 $ 10 $ 14,631 $ 15 The number of held to maturity securities with unrealized losses at December 31, 2016 totaled 198 and included two U.S. agency securities, 145 municipal obligations, eight collateralized mortgage obligations, 36 residential pass-through security and seven commercial pass-through securities. The number of held to maturity securities with unrealized losses at June 30, 2016 totaled 13 and included one U.S. agency security, seven municipal obligations, four collateralized mortgage obligations, and one residential pass-through security. 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 December 31, 2016 and June 30, 2016, the Company held no securities for which credit-related OTTI had been recognized in earnings based on the Company’s analysis and determination that the impairment reported in the tables above was “temporary” in nature as of both dates. The rationale for making that determination is based on several factors which are generally shared among the various sectors represented in the Company’s available for sale and held to maturity portfolios. The most significant of these is the general mitigation of credit risk arising from the U.S. government, agency and GSE guarantees supporting the Company’s mortgage-backed securities, U.S. agency debt securities and asset-backed securities. While not supported by such guarantees, the Company’s collateralized loan obligations represent tranches within a larger investment vehicle that reallocate cash flows and credit risk among the individual tranches comprised within that vehicle. Through this structure, the Company is afforded significant protection against the risk that the securities within this sector will be adversely impacted by borrowers defaulting on the underlying loans. In the absence of the guarantor or structural protections noted above, the securities within the other sectors of the Company’s securities portfolio, including its municipal obligations, corporate bonds and single-issuer trust preferred securities are generally issued by credit-worthy entities with the ability and resources to fully meet their financial obligations. The Company regularly monitors the historical cash flows and financial strength of all issuers and/or guarantors to confirm that security impairment, where applicable, is not due to an actual or expected adverse change in security cash flows that would result in the recognition of credit-related OTTI. With credit risk being mitigated in the manner outlined above, the unrealized losses on the Company’s securities are due largely to the combined effects of several market-related factors including, most notably, changes 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. The Company has the stated ability and intent to “hold to maturity” those securities so designated at December 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 securities with unrealized losses at December 31, 2016 to be “other-than-temporarily” impaired as of that date. |
Loan Quality and Allowance for
Loan Quality and Allowance for Loan Losses | 6 Months Ended |
Dec. 31, 2016 | |
Receivables [Abstract] | |
Loan Quality and Allowance for Loan Losses | 10. LOAN QUALITY AND ALLOWANCE FOR LOAN LOSSES Acquired Credit-Impaired Loans. At December 31, 2016, the remaining outstanding principal balance and carrying amount of acquired credit-impaired loans totaled approximately $1,445,000 and $1,112,000, respectively. By comparison, at June 30, 2016, the remaining outstanding principal balance and carrying amount of acquired credit-impaired loans totaled approximately $1,605,000 and $1,168,000, 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 $388,000 and $436,000 at December 31, 2016 and June 30, 2016, respectively. The balance of the allowance for loan losses at June 30, 2016 included approximately $13,000 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. There were no valuation allowances for specifically identified impairment attributable to acquired credit-impaired loans at December 31, 2016. The following table presents the changes in the accretable yield relating to the acquired credit-impaired loans for the three months ended December 31, 2016 and December 31, 2015. Three Months Ended December 31, 2016 2015 (In Thousands) Beginning balance $ 314 $ 1,084 Accretion to interest income (2 ) (214 ) Disposals - (26 ) Reclassifications from nonaccretable difference - - Ending balance $ 312 $ 844 Six Months Ended December 31, 2016 2015 (In Thousands) Beginning balance $ 335 $ 1,189 Accretion to interest income (4 ) (319 ) Disposals (19 ) (26 ) Reclassifications from nonaccretable difference - - Ending balance $ 312 $ 844 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 December 31, 2016, we held two single-family properties in real estate owned with an aggregage carrying value of $830,000 that were acquired through foreclosures on residential mortgage loans. As of that same date, we held 20 residential mortgage loans with aggregate carrying values totaling $4.5 million which were in the process of foreclosure. Loan Quality. The following tables present the balance of the allowance for loan losses at December 31, 2016 and June 30, 2016 based upon the calculation methodology as described in the Company’s Form 10-K for the fiscal year ended June 30, 2016. 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 months and six months ended December 31, 2016 and December 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 December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Balance of allowance for loan losses: Loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - Loans individually evaluated for impairment 45 - 23 - 8 57 - 133 Loans collectively evaluated for impairment 2,385 12,226 8,332 29 1,771 499 685 25,927 Total allowance for loan losses $ 2,430 $ 12,226 $ 8,355 $ 29 $ 1,779 $ 556 $ 685 $ 26,060 Allowance for Loan Losses and Loans Receivable At December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Balance of loans receivable: Loans acquired with deteriorated credit quality $ 101 $ - $ 296 $ - $ 715 $ - $ - $ 1,112 Loans individually evaluated for impairment 13,061 181 5,855 259 2,444 2,040 - 23,840 Loans collectively evaluated for impairment 549,304 1,295,026 926,465 668 72,481 81,265 20,481 2,945,690 Total loans $ 562,466 $ 1,295,207 $ 932,616 $ 927 $ 75,640 $ 83,305 $ 20,481 $ 2,970,642 Unamortized yield adjustments 3,289 Loans receivable, net of yield adjustments $ 2,973,931 Allowance for Loan Losses and Loans Receivable Period ended December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the three months ended December 31, 2016: At September 30, 2016: $ 2,806 $ 10,269 $ 8,316 $ 39 $ 2,319 $ 534 $ 720 $ 25,003 Total charge offs (41 ) - (37 ) - - (74 ) (241 ) (393 ) Total recoveries 182 - - - 1 1 11 195 Total provisions (517 ) 1,957 76 (10 ) (541 ) 95 195 1,255 Total allowance for loan losses $ 2,430 $ 12,226 $ 8,355 $ 29 $ 1,779 $ 556 $ 685 $ 26,060 Allowance for Loan Losses and Loans Receivable Period ended December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the six months ended December 31, 2016: At June 30, 2016 $ 2,370 $ 9,995 $ 7,846 $ 24 $ 2,784 $ 432 $ 778 $ 24,229 Total charge offs (64 ) - (78 ) - (194 ) (95 ) (336 ) (767 ) Total recoveries 182 - - - 16 1 15 214 Total provisions (58 ) 2,231 587 5 (827 ) 218 228 2,384 Total allowance for loan losses $ 2,430 $ 12,226 $ 8,355 $ 29 $ 1,779 $ 556 $ 685 $ 26,060 Allowance for Loan Losses and Loans Receivable Period ended December 31, 2015 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the three months ended December 31, 2015: At September 30, 2015: $ 2,469 $ 6,855 $ 6,326 $ 29 $ 1,578 $ 406 $ 27 $ 17,690 Total charge offs (615 ) - (97 ) - (548 ) (36 ) (3 ) (1,299 ) Total recoveries 9 - - - 700 - - 709 Total provisions 535 1,658 710 6 211 31 263 3,414 Total allowance for loan losses $ 2,398 $ 8,513 $ 6,939 $ 35 $ 1,941 $ 401 $ 287 $ 20,514 Allowance for Loan Losses and Loans Receivable Period Ended December 31, 2015 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the six months ended December 31, 2015: At June 30, 2015 $ 2,210 $ 6,354 $ 4,766 $ 34 $ 1,860 $ 366 $ 16 $ 15,606 Total charge offs (1,153 ) - (97 ) - (644 ) (60 ) (3 ) (1,957 ) Total recoveries 9 - - - 759 41 1 810 Total provisions 1,332 2,159 2,270 1 (34 ) 54 273 6,055 Total allowance for loan losses $ 2,398 $ 8,513 $ 6,939 $ 35 $ 1,941 $ 401 $ 287 $ 20,514 Allowance for Loan Losses and Loans Receivable at June 30, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Balance of allowance for loan losses: Loans acquired with deteriorated credit quality $ - $ - $ - $ - $ 13 $ - $ - $ 13 Loans individually evaluated for impairment 77 - 53 - 387 78 - 595 Loans collectively evaluated for impairment 2,293 9,995 7,793 24 2,384 354 778 23,621 Total allowance for loan losses $ 2,370 $ 9,995 $ 7,846 $ 24 $ 2,784 $ 432 $ 778 $ 24,229 Allowance for Loan Losses and Loans Receivable at June 30, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Balance of loans receivable: Loans acquired with deteriorated credit quality $ 104 $ - $ 304 $ - $ 760 $ - $ - 1,168 Loans individually evaluated for impairment 12,806 205 6,773 357 1,647 2,180 - 23,968 Loans collectively evaluated for impairment 592,293 1,040,088 813,596 1,681 85,800 87,386 25,401 2,646,245 Total loans $ 605,203 $ 1,040,293 $ 820,673 $ 2,038 $ 88,207 $ 89,566 $ 25,401 $ 2,671,381 Unamortized yield adjustments 2,606 Loans receivable, net of yield adjustments $ 2,673,987 The following tables present key indicators of credit quality regarding the Company’s loan portfolio based upon loan classification and contractual payment status at December 31, 2016 and June 30, 2016 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, 2016. Credit-Rating Classification of Loans Receivable At December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Non-classified $ 545,574 $ 1,295,026 $ 924,495 $ - $ 69,220 $ 80,480 $ 20,273 $ 2,935,068 Classified: Special Mention 948 - - 668 54 392 112 2,174 Substandard 15,944 181 8,121 259 6,366 2,433 93 33,397 Doubtful - - - - - - 3 3 Loss - - - - - - - - Total classified loans 16,892 181 8,121 927 6,420 2,825 208 35,574 Total loans $ 562,466 $ 1,295,207 $ 932,616 $ 927 $ 75,640 $ 83,305 $ 20,481 $ 2,970,642 Credit-Rating Classification of Loans Receivable at June 30, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Non-classified $ 588,992 $ 1,040,088 $ 811,621 $ 1,063 $ 81,902 $ 86,835 $ 25,298 $ 2,635,799 Classified: Special Mention 859 - - 618 681 309 61 2,528 Substandard 15,352 205 9,052 357 5,624 2,422 40 33,052 Doubtful - - - - - - 2 2 Loss - - - - - - - - Total classified loans 16,211 205 9,052 975 6,305 2,731 103 35,582 Total loans $ 605,203 $ 1,040,293 $ 820,673 $ 2,038 $ 88,207 $ 89,566 $ 25,401 $ 2,671,381 Contractual Payment Status of Loans Receivable At December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Current $ 553,429 $ 1,295,207 $ 930,097 $ 319 $ 73,234 $ 82,286 $ 20,170 $ 2,954,742 Past due: 30-59 days 802 - 40 349 719 823 110 2,843 60-89 days 939 - 340 - 7 83 109 1,478 90+ days 7,296 - 2,139 259 1,680 113 92 11,579 Total past due 9,037 - 2,519 608 2,406 1,019 311 15,900 Total loans $ 562,466 $ 1,295,207 $ 932,616 $ 927 $ 75,640 $ 83,305 $ 20,481 $ 2,970,642 Contractual Payment Status of Loans Receivable at June 30, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Current $ 596,548 $ 1,040,293 $ 817,539 $ 1,681 $ 87,328 $ 88,657 $ 25,301 $ 2,657,347 Past due: 30-59 days 1,524 - - - - 503 22 2,049 60-89 days 940 - 376 - 411 75 40 1,842 90+ days 6,191 - 2,758 357 468 331 38 10,143 Total past due 8,655 - 3,134 357 879 909 100 14,034 Total loans $ 605,203 $ 1,040,293 $ 820,673 $ 2,038 $ 88,207 $ 89,566 $ 25,401 $ 2,671,381 The following tables present information relating to the Company’s nonperforming and impaired loans at December 31, 2016 and June 30, 2016 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, 2016. 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 December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Performing $ 551,235 $ 1,295,026 $ 926,787 $ 668 $ 72,920 $ 82,052 $ 20,389 $ 2,949,077 Nonperforming: 90+ days past due accruing - - - - - - 92 92 Nonaccrual 11,231 181 5,829 259 2,720 1,253 - 21,473 Total nonperforming 11,231 181 5,829 259 2,720 1,253 92 21,565 Total loans $ 562,466 $ 1,295,207 $ 932,616 $ 927 $ 75,640 $ 83,305 $ 20,481 $ 2,970,642 Performance Status of Loans Receivable at June 30, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Performing $ 594,471 $ 1,040,088 $ 814,085 $ 1,681 $ 86,242 $ 88,396 $ 25,363 $ 2,650,326 Nonperforming: 90+ days past due accruing - - - - - - 38 38 Nonaccrual 10,732 205 6,588 357 1,965 1,170 - 21,017 Total nonperforming 10,732 205 6,588 357 1,965 1,170 38 21,055 Total loans $ 605,203 $ 1,040,293 $ 820,673 $ 2,038 $ 88,207 $ 89,566 $ 25,401 $ 2,671,381 Impairment Status of Loans Receivable At December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Carrying value of impaired loans: Non-impaired loans $ 549,304 $ 1,295,026 $ 926,465 $ 668 $ 72,481 $ 81,265 $ 20,481 $ 2,945,690 Impaired loans: Impaired loans with no allowance for impairment 12,332 181 5,931 259 3,148 1,964 - 23,815 Impaired loans with allowance for impairment: Recorded investment 830 - 220 - 11 76 - 1,137 Allowance for impairment (45 ) - (23 ) - (8 ) (57 ) - (133 ) Balance of impaired loans net of allowance for impairment 785 - 197 - 3 19 - 1,004 Total impaired loans, excluding allowance for impairment: 13,162 181 6,151 259 3,159 2,040 - 24,952 Total loans $ 562,466 $ 1,295,207 $ 932,616 $ 927 $ 75,640 $ 83,305 $ 20,481 $ 2,970,642 Unpaid principal balance of impaired loans: Total impaired loans $ 16,567 $ 837 $ 7,506 $ 365 $ 4,596 $ 2,458 $ - $ 32,329 Impairment Status of Loans Receivable at June 30, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Carrying value of impaired loans: Non-impaired loans $ 592,293 $ 1,040,088 $ 813,596 $ 1,681 $ 85,800 $ 87,386 $ 25,401 $ 2,646,245 Impaired loans: Impaired loans with no allowance for impairment 10,876 205 6,473 357 1,900 2,101 21,912 Impaired loans with allowance for impairment: Recorded investment 2,034 - 604 507 79 3,224 Allowance for impairment (77 ) - (53 ) (400 ) (78 ) (608 ) Balance of impaired loans net of allowance for impairment 1,957 - 551 - 107 1 - 2,616 Total impaired loans, excluding allowance for impairment: 12,910 205 7,077 357 2,407 2,180 - 25,136 Total loans $ 605,203 $ 1,040,293 $ 820,673 $ 2,038 $ 88,207 $ 89,566 $ 25,401 $ 2,671,381 Unpaid principal balance of impaired loans: Total impaired loans $ 16,571 $ 849 $ 8,269 $ 458 $ 3,736 $ 2,505 $ - $ 32,388 Impairment Status of Loans Receivable Period ended December 31, 2016 and 2015 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) For the three months ended December 31, 2016: Average balance of impaired loans $ 13,262 $ 187 $ 6,263 $ 282 $ 3,225 $ 2,072 $ - $ 25,291 Interest earned on impaired loans $ 28 $ - $ 7 $ - $ 2 $ 10 $ - $ 47 For the six months ended December 31, 2016: Average balance of impaired loans $ 13,140 $ 193 $ 6,515 $ 313 $ 3,166 $ 2,117 $ - $ 25,444 Interest earned on impaired loans $ 49 $ - $ 19 $ - $ 6 $ 24 $ - $ 98 For the three months ended December 31, 2015: Average balance of impaired loans $ 12,608 $ 319 $ 7,756 $ 809 $ 8,952 $ 2,405 $ - $ 32,849 Interest earned on impaired loans $ 33 $ - $ 11 $ - $ 204 $ 10 $ - $ 258 For the six months ended December 31, 2015: Average balance of impaired loans $ 11,485 $ 378 $ 7,633 $ 1,332 $ 9,659 $ 2,444 $ - $ 32,931 Interest earned on impaired loans $ 101 $ - $ 21 $ - $ 421 $ 16 $ - $ 559 The following table presents information regarding the restructuring of the Company’s troubled debts during the three and six months ended December 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 December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Troubled debt restructuring activity for the three months ended December 31, 2016: Number of loans 1 - - - - 1 - 2 Pre-modification outstanding recorded investment $ 197 $ - $ - $ - $ - $ 87 $ - $ 284 Post-modification outstanding recorded investment 186 - - - - 95 - 281 Charge offs against the allowance for loan loss recognized at modification 14 - - - - 9 - 23 Troubled debt restructuring defaults for the three months ended December 31, 2016: Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Troubled Debt Restructurings of Loans Receivable Period ended December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Troubled debt restructuring activity for the six months ended December 31, 2016: Number of loans 1 - 1 - - 2 - 4 Pre-modification outstanding recorded investment $ 197 $ - $ 244 $ - $ - $ 271 $ - $ 712 Post-modification outstanding recorded investment 186 - 223 - - 279 - 688 Charge offs against the allowance for loan loss recognized at modification 14 - 27 - - 12 - 53 Troubled debt restructuring defaults for the six months ended December 31, 2016: Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Troubled Debt Restructurings of Loans Receivable Period ended December 31, 2015 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Troubled debt restructuring activity for the three months ended December 31, 2015: Number of loans 1 - - - - 2 - 3 Pre-modification outstanding recorded investment $ 404 $ - $ - $ - $ - $ 110 $ - $ 514 Post-modification outstanding recorded investment 354 - - - - 87 - 441 Charge offs against the allowance for loan loss recognized at modification 61 - - - - 24 - 85 Troubled debt restructuring defaults for the three months ended December 31, 2015: Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Troubled Debt Restructurings of Loans Receivable Period ended December 31, 2015 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Troubled debt restructuring activity for the six months ended December 31, 2015: Number of loans 3 - 3 - - 2 - 8 Pre-modification outstanding recorded investment $ 1,097 $ - $ 2,285 $ - $ - $ 110 $ - $ 3,492 Post-modification outstanding recorded investment 785 - 2,290 - - 87 - 3,162 Charge offs against the allowance for loan loss recognized at modification 292 - - - - 24 - 316 Troubled debt restructuring defaults for the six months ended December 31, 2015: 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 | 6 Months Ended |
Dec. 31, 2016 | |
Debt Disclosure [Abstract] | |
Borrowings | 11. BORROWINGS Fixed rate advances from the FHLB of New York mature as follows: December 31, 2016 June 30, 2016 Balance Weighted Average Interest Rate Balance Weighted Average Interest Rate (Dollars in Thousands) Maturing in years ending June 30: 2017 $ 515,000 0.66 % $ 428,000 0.69 % 2018 5,225 1.18 5,225 1.18 2021 521 4.94 572 4.94 2023 145,000 3.04 145,000 3.04 Total borrowings 665,746 1.19 % 578,797 1.29 % Fair value adjustments (4 ) (9 ) Total borrowings, net of fair value adjustments $ 665,742 $ 578,788 At December 31, 2016, $515.0 million in advances are due within one year while the remaining $150.7 million in advances are due after one year of which $145.0 million are callable in April 2018. At December 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 $1.5 billion and $163.2 million, respectively. At June 30, 2016, FHLB advances were collateralized by the FHLB capital stock owned by the Bank and mortgage loans and securities with carrying values totaling approximately $970.5 million and $193.8 million, respectively. Borrowings at December 31, 2016 and June 30, 2016 also included overnight borrowings in the form of depositor sweep accounts totaling $36.1 million and $35.6 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 | 6 Months Ended |
Dec. 31, 2016 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Derivative Instruments and Hedging Activities | 12. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES At December 31, 2016 and June 30, 2016, 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 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 December 31, 2016 and June 30, 2016 and for the three and six months ended December 31, 2016 and December 31, 2015 are as follows: December 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 $ (329 ) Other assets July 1, 2018 August 19, 2013 75,000 (515 ) Other assets August 20, 2018 October 9, 2013 50,000 (152 ) Other assets October 9, 2018 March 28, 2014 75,000 (732 ) Other assets March 28, 2019 June 5, 2015 60,000 (1,221 ) Other assets June 5, 2020 July 28, 2015 50,000 (1,291 ) Other assets July 28, 2020 September 28, 2015 40,000 (1,117 ) Other assets September 28, 2020 December 28, 2015 35,000 (1,161 ) Other assets December 28, 2020 June 5, 2018 40,000 1,377 Other assets June 5, 2022 July 2, 2018 200,000 6,385 Other assets July 1, 2021 August 20, 2018 75,000 2,647 Other assets August 19, 2022 October 9, 2018 50,000 2,169 Other assets October 9, 2023 March 28, 2019 75,000 3,231 Other assets March 28, 2024 990,000 9,291 Interest rate caps by effective date: June 5, 2013 40,000 83 Other assets June 5, 2018 July 1, 2013 35,000 68 Other assets July 1, 2018 75,000 151 Total $ 1,065,000 $ 9,442 June 30, 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 $ (2,280 ) Other liabilities July 1, 2018 August 19, 2013 75,000 (1,627 ) Other liabilities August 20, 2018 October 9, 2013 50,000 (911 ) Other liabilities October 9, 2018 March 28, 2014 75,000 (2,364 ) Other liabilities March 28, 2019 June 5, 2015 60,000 (3,412 ) Other liabilities June 5, 2020 July 28, 2015 50,000 (3,243 ) Other liabilities July 28, 2020 September 28, 2015 40,000 (2,765 ) Other liabilities September 28, 2020 December 28, 2015 35,000 (2,715 ) Other liabilities December 28, 2020 550,000 (19,317 ) Interest rate caps by effective date: June 5, 2013 40,000 33 Other liabilities June 5, 2018 July 1, 2013 35,000 27 Other liabilities July 1, 2018 75,000 60 Total $ 625,000 $ (19,257 ) Three Months Ended December 31, 2016 Amount of Gain 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 $ 660 Not applicable $ - August 19, 2013 345 Not applicable - October 9, 2013 246 Not applicable - March 28, 2014 569 Not applicable - June 5, 2015 876 Not applicable - July 28, 2015 789 Not applicable - September 28, 2015 677 Not applicable - December 28, 2015 653 Not applicable - June 5, 2018 856 Not applicable - July 2, 2018 3,162 Not applicable August 20, 2018 1,627 Not applicable October 9, 2018 1,364 Not applicable March 28, 2019 2,066 Not applicable 13,890 - Interest rate caps by effective date: June 5, 2013 82 Not applicable - July 1, 2013 79 Not applicable - 161 - Total $ 14,051 $ - Six Months Ended December 31, 2016 Amount of Gain 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 $ 1,154 Not applicable $ - August 19, 2013 658 Not applicable - October 9, 2013 449 Not applicable - March 28, 2014 966 Not applicable - June 5, 2015 1,296 Not applicable - July 28, 2015 1,154 Not applicable - September 28, 2015 975 Not applicable - December 28, 2015 919 Not applicable - June 5, 2018 814 Not applicable - July 2, 2018 3,777 Not applicable - August 20, 2018 1,566 Not applicable - October 9, 2018 1,283 Not applicable - March 28, 2019 1,911 Not applicable - 16,922 - Interest rate caps by effective date: June 5, 2013 150 Not applicable - July 1, 2013 140 Not applicable - 290 - Total $ 17,212 $ - Three Months Ended December 31, 2015 Amount of Gain 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 $ 846 Not applicable $ - August 19, 2013 483 Not applicable - October 9, 2013 322 Not applicable - March 28, 2014 578 Not applicable - June 5, 2015 555 Not applicable - July 28, 2015 479 Not applicable - September 28, 2015 392 Not applicable - December 28, 2015 239 Not applicable - 3,894 - Interest rate caps by effective date: June 5, 2013 64 Not applicable - July 1, 2013 50 Not applicable - 114 - Total $ 4,008 $ - Six Months Ended December 31, 2015 Amount of Gain (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 $ 112 Not applicable $ - August 19, 2013 129 Not applicable - October 9, 2013 47 Not applicable - March 28, 2014 75 Not applicable - June 5, 2015 (80 ) Not applicable - July 28, 2015 (116 ) Not applicable - September 28, 2015 (193 ) Not applicable - December 28, 2015 (307 ) Not applicable - (333 ) - Interest rate caps by effective date: June 5, 2013 (46 ) Not applicable - July 1, 2013 (44 ) Not applicable - (90 ) - Total $ (423 ) $ - 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 December 31, 2016, seven of the Company’s derivatives were in an asset position totaling $16.0 million while the remaining eight derivatives were in a liability position totaling $6.5 million. In total, the Company’s derivatives were in a net asset position of $9.4 million at December 31, 2016 and included in other assets as of that date. As required under the enforceable master netting arrangement with its derivatives counterparties, the Company received financial collateral from two counterparties totaling $10.3 million at December 31, 2016 that was not included as an offsetting amount. At June 30, 2016, two of the Company’s derivatives were in an asset position totaling $60,000 while the remaining eight derivatives were in a liability position totaling $19.3 million. In total, the Company’s derivatives were in a net liability position of $19.3 million at June 30, 2016 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 $19.7 million at June 30, 2016 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 $10.0 million and $16.7 million at December 31, 2016 and June 30, 2016, respectively, which are considered free-standing derivative instruments whose fair values are not material to our financial condition or results of operations. |
Benefit Plans
Benefit Plans | 6 Months Ended |
Dec. 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 Six Months Ended December 31, December 31, 2016 2015 2016 2015 (In Thousands) (In Thousands) Service cost $ 8 $ 59 $ 16 $ 118 Interest cost 95 121 190 242 Amortization of unrecognized past service liability - 9 - 18 Amortization of unrecognized loss 16 9 32 18 Expected return on assets (62 ) (64 ) (124 ) (128 ) Net periodic benefit cost $ 57 $ 134 $ 114 $ 268 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 | 6 Months Ended |
Dec. 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: December 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 $ - $ 5,809 $ - $ 5,809 Obligations of state and political subdivisions - 27,090 - 27,090 Asset-backed securities - 121,445 - 121,445 Collateralized loan obligations - 98,447 - 98,447 Corporate bonds - 138,564 - 138,564 Trust preferred securities - 7,101 1,000 8,101 Total debt securities - 398,456 1,000 399,456 Mortgage-backed securities available for sale: Collateralized mortgage obligations - 52,333 - 52,333 Residential pass-through securities - 211,258 - 211,258 Commercial pass-through securities - 8,234 - 8,234 Total mortgage-backed securities - 271,825 - 271,825 Total securities available for sale $ - $ 670,281 $ 1,000 $ 671,281 Derivative instruments Interest rate swaps $ - $ 9,291 $ - $ 9,291 Interest rate caps - 151 - 151 Total derivatives $ - $ 9,442 $ - $ 9,442 June 30, 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 $ - $ 6,440 $ - $ 6,440 Obligations of state and political subdivisions - 28,398 - 28,398 Asset-backed securities - 82,625 - 82,625 Collateralized loan obligations - 127,374 - 127,374 Corporate bonds - 137,404 - 137,404 Trust preferred securities - 7,669 - 7,669 Total debt securities - 389,910 - 389,910 Mortgage-backed securities available for sale: Collateralized mortgage obligations - 60,577 - 60,577 Residential pass-through securities - 214,526 - 214,526 Commercial pass-through securities - 8,524 - 8,524 Total mortgage-backed securities - 283,627 - 283,627 Total securities available for sale $ - $ 673,537 $ - $ 673,537 Derivative instruments Interest rate swaps $ - $ (19,317 ) $ - $ (19,317 ) Interest rate caps - 60 - 60 Total derivatives $ - $ (19,257 ) $ - $ (19,257 ) 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 held one trust preferred security whose fair value of $1.0 million at December 31, 2016 was determined using Level 3 inputs. By comparison, the security’s fair value of $1.0 million at June 30, 2016 had been determined using Level 2 inputs based on the availability of matrix pricing at that time. Matrix pricing was no longer available for the security at December 31, 2016 requiring the use of Level 3 inputs to determine the fair value of the security as of that date. 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 $10.0 million and $16.7 million at December 31, 2016 and June 30, 2016, respectively, 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: December 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 $ - $ - $ 9,104 $ 9,104 June 30, 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 $ - $ - $ 10,533 $ 10,533 Real estate owned $ - $ - $ 280 $ 280 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: December 31, 2016 Fair Value Valuation Techniques Unobservable Input Range Weighted Average (In Thousands) Impaired loans $ 9,104 Market valuation of underlying collateral (1) Direct disposal costs (3) 6% - 10% 8.95 % June 30, 2016 Fair Value Valuation Techniques Unobservable Input Range Weighted Average (In Thousands) Impaired loans $ 10,533 Market valuation of underlying collateral (1) Direct disposal costs (3) 6% - 10% 9.45 % Real estate owned $ 280 Market valuation of property (2) Direct disposal costs (3) N/A 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 December 31, 2016, impaired loans valued using Level 3 inputs comprised loans with principal balances totaling $9.2 million and valuation allowances of $133,000 reflecting fair values of $9.1 million. By comparison, at June 30, 2016, impaired loans valued using Level 3 inputs comprised loans with principal balances totaling $11.1 million and valuation allowances of $608,000 reflecting fair values of $10.5 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 December 31, 2016, the Company held no real estate owned whose carrying value was written down utilizing Level 3 inputs during the first six months of fiscal 2017. At June 30, 2016, the Company held real estate owned totaling $280,000 whose carrying value was written down utilizing Level 3 inputs during fiscal 2016. The following methods and assumptions were used to estimate the fair value of each class of financial instruments at December 31, 2016 and June 30, 2016: 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: December 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 $ 37,032 $ 37,032 $ 37,032 $ - $ - Debt securities available for sale 399,456 399,456 - 398,456 1,000 Mortgage-backed securities available for sale 271,825 271,825 - 271,825 - Debt securities held to maturity 137,681 136,730 - 136,730 - Mortgage-backed securities held to maturity 380,138 380,401 - 380,401 - Loans held-for-sale 6,686 6,686 - 6,686 - Net loans receivable 2,947,871 2,912,793 - - 2,912,793 FHLB Stock 34,525 34,525 - - 34,525 Interest receivable 11,809 11,809 11,809 - - Financial liabilities: Deposits (1) 2,746,017 2,760,322 1,528,180 - 1,232,142 Borrowings 701,849 720,148 - - 720,148 Interest payable on borrowings 1,382 1,382 1,382 - - Derivative instruments: Interest rate swaps 9,291 9,291 - 9,291 - Interest rate caps 151 151 - 151 - (1) Includes accrued interest payable on deposits of $157,000 at December 31, 2016. June 30, 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 $ 199,200 $ 199,200 $ 199,200 $ - $ - Debt securities available for sale 389,910 389,910 - 389,910 - Mortgage-backed securities available for sale 283,627 283,627 - 283,627 - Debt securities held to maturity 167,171 169,794 - 169,794 - Mortgage-backed securities held to maturity 410,115 422,690 - 422,690 - Loans held-for-sale 3,316 3,316 - 3,316 - Net loans receivable 2,649,758 2,652,736 - - 2,652,736 FHLB Stock 30,612 30,612 - - 30,612 Interest receivable 11,212 11,212 11,212 - - Financial liabilities: Deposits (1) 2,694,833 2,709,779 1,487,408 - 1,222,371 Borrowings 614,423 634,855 - - 634,855 Interest payable on borrowings 1,226 1,226 1,226 - - Derivative instruments: Interest rate swaps (19,317 ) (19,317 ) - (19,317 ) - Interest rate caps 60 60 - 60 - (1) Includes accrued interest payable on deposits of $146,000 at June 30, 2016. 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 | 6 Months Ended |
Dec. 31, 2016 | |
Equity [Abstract] | |
Comprehensive Loss | 15. COMPREHENSIVE LOSS The components of accumulated other comprehensive loss included in stockholders’ equity at December 31, 2016 and June 30, 2016 are as follows: December 31, June 30, 2016 2016 (In Thousands) Net unrealized loss on securities available for sale $ (11,137 ) $ (4,711 ) Tax effect 4,145 1,954 Net of tax amount (6,992 ) (2,757 ) Net unrealized loss on securities available for sale transferred to held to maturity (1,092 ) (1,056 ) Tax effect 446 431 Net of tax amount (646 ) (625 ) Fair value adjustments on derivatives 7,780 (21,317 ) Tax effect (3,178 ) 8,708 Net of tax amount 4,602 (12,609 ) Benefit plan adjustments (1,707 ) (1,346 ) Tax effect 698 550 Net of tax amount (1,009 ) (796 ) Total accumulated other comprehensive loss $ (4,045 ) $ (16,787 ) Other comprehensive income and related tax effects for the three months ended December 31, 2016 and December 31, 2015 are presented in the following table: Three Months Ended Six Months Ended December 31, December 31, 2016 2015 2016 2015 (In Thousands) (In Thousands) Net unrealized holding loss on securities available for sale $ (8,251 ) $ (6,419 ) $ (6,436 ) $ (7,871 ) Amortization of net unrealized holding (loss) gain on securities available for sale transferred to held to maturity (3) (43 ) 25 (36 ) (6 ) Net realized gain (loss) on securities available for sale 10 (2 ) 10 (2 ) Net unrealized gain (loss) on derivatives 23,755 6,777 29,099 (714 ) Benefit plans: Amortization of: Actuarial loss (1) 16 10 32 19 Past service cost (1) - 9 - 18 New actuarial loss - - (394 ) (911 ) Net change in benefit plan accrued expense 16 19 (362 ) (874 ) Other comprehensive income (loss) before taxes 15,487 400 22,275 (9,467 ) Tax effect (2) (6,759 ) (239 ) (9,533 ) 3,968 Total other comprehensive income (loss) $ 8,728 $ 161 $ 12,742 $ (5,499 ) (1) Represents amounts reclassified out of accumulated other comprehensive income and included in the computation of net periodic pension expense. See Note 13 – Benefit Plans for additional information. (2) The amounts included in income taxes for items reclassified out of accumulated other comprehensive income totaled $10 and $(144) for the three and six months ended December 31, 2016 and $7 and $(358) for the three and six months ended December 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) | 6 Months Ended |
Dec. 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 Six Months Ended December 31, 2016 December 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 $ 5,464 $ 10,131 Basic earnings per share, income available to common stockholders $ 5,464 85,174 $ 0.06 $ 10,131 85,710 $ 0.12 Effect of dilutive securities: Stock options 84 72 $ 5,464 85,258 $ 0.06 $ 10,131 85,782 $ 0.12 Three Months Ended December 31, 2015 Six Months Ended December 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 $ 3,797 $ 6,773 Basic earnings per share, income available to common stockholders $ 3,797 89,640 $ 0.04 $ 6,773 89,615 $ 0.08 Effect of dilutive securities: Stock options 34 32 $ 3,797 89,674 $ 0.04 $ 6,773 89,647 $ 0.08 |
Securities Available for Sale (
Securities Available for Sale (Tables) | 6 Months Ended |
Dec. 31, 2016 | |
Schedule of Available-for-sale Securities [Line Items] | |
Amortized Cost, Gross Unrealized Gains and Losses and Fair Values of Securities | December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities available for sale: Debt securities: U.S. agency securities $ 5,810 $ 17 $ 18 $ 5,809 Obligations of state and political subdivisions 27,477 37 424 27,090 Asset-backed securities 124,754 129 3,438 121,445 Collateralized loan obligations 98,695 144 392 98,447 Corporate bonds 143,022 410 4,868 138,564 Trust preferred securities 8,908 - 807 8,101 Total debt securities 408,666 737 9,947 399,456 Mortgage-backed securities: Collateralized mortgage obligations: Federal Home Loan Mortgage Corporation 17,507 51 222 17,336 Federal National Mortgage Association 35,909 2 1,027 34,884 Non-agency securities 114 - 1 113 Total collateralized mortgage obligations 53,530 53 1,250 52,333 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 1,521 130 - 1,651 Federal Home Loan Mortgage Corporation 132,460 1,070 2,422 131,108 Federal National Mortgage Association 78,054 1,449 1,004 78,499 Total residential pass-through securities 212,035 2,649 3,426 211,258 Commercial pass-through securities: Federal National Mortgage Association 8,186 48 - 8,234 Total commercial pass-through securities 8,186 48 - 8,234 Total mortgage-backed securities 273,751 2,750 4,676 271,825 Total securities available for sale $ 682,417 $ 3,487 $ 14,623 $ 671,281 June 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities available for sale: Debt securities: U.S. agency securities $ 6,307 $ 146 $ 13 $ 6,440 Obligations of state and political subdivisions 27,489 909 - 28,398 Asset-backed securities 87,746 - 5,121 82,625 Collateralized loan obligations 128,664 24 1,314 127,374 Corporate bonds 143,027 7 5,630 137,404 Trust preferred securities 8,904 25 1,260 7,669 Total debt securities 402,137 1,111 13,338 389,910 Mortgage-backed securities: Collateralized mortgage obligations: Federal Home Loan Mortgage Corporation 20,944 380 - 21,324 Federal National Mortgage Association 38,992 226 89 39,129 Non-agency securities 126 - 2 124 Total collateralized mortgage obligations 60,062 606 91 60,577 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 1,789 171 - 1,960 Federal Home Loan Mortgage Corporation 126,415 3,557 - 129,972 Federal National Mortgage Association 79,583 3,011 - 82,594 Total residential pass-through securities 207,787 6,739 - 214,526 Commercial pass-through securities: Federal National Mortgage Association 8,262 262 - 8,524 Total commercial pass-through securities 8,262 262 - 8,524 Total mortgage-backed securities 276,111 7,607 91 283,627 Total securities available for sale $ 678,248 $ 8,718 $ 13,429 $ 673,537 |
Securities Available for Sale [Member] | |
Schedule of Available-for-sale Securities [Line Items] | |
Stratification by Contractual Maturity of Securities | December 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 52,648 51,529 Due after five years through ten years 208,893 205,096 Due after ten years 147,125 142,831 Total $ 408,666 $ 399,456 |
Securities Held to Maturity (Ta
Securities Held to Maturity (Tables) | 6 Months Ended |
Dec. 31, 2016 | |
Schedule of Held-to-maturity Securities [Line Items] | |
Amortized Cost, Gross Unrealized Gains and Losses and Fair Values of Securities | December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities held to maturity: Debt securities: U.S. agency securities $ 34,999 $ - $ 41 $ 34,958 Obligations of state and political subdivisions 87,682 87 997 86,772 Subordinated debt 15,000 - - 15,000 Total debt securities 137,681 87 1,038 136,730 Mortgage-backed securities: Collateralized mortgage obligations: Government National Mortgage Association 2,471 - 57 2,414 Federal Home Loan Mortgage Corporation 17,867 2 382 17,487 Federal National Mortgage Association 178 19 - 197 Non-agency securities 27 - 1 26 Total collateralized mortgage obligations 20,543 21 440 20,124 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 8 1 - 9 Federal Home Loan Mortgage Corporation 39,472 6 391 39,087 Federal National Mortgage Association 160,922 642 328 161,236 Total residential pass-through securities 200,402 649 719 200,332 Commercial pass-through securities: Government National Mortgage Association 4,981 - 22 4,959 Federal National Mortgage Association 154,212 992 218 154,986 Total commercial pass-through securities 159,193 992 240 159,945 Total mortgage-backed securities 380,138 1,662 1,399 380,401 Total securities held to maturity $ 517,819 $ 1,749 $ 2,437 $ 517,131 June 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In Thousands) Securities held to maturity: Debt securities: U.S. agency securities $ 84,992 $ 31 $ 1 $ 85,022 Obligations of state and political subdivisions 82,179 2,602 9 84,772 Total debt securities 167,171 2,633 10 169,794 Mortgage-backed securities: Collateralized mortgage obligations: Government National Mortgage Association 2,787 25 - 2,812 Federal Home Loan Mortgage Corporation 20,067 92 - 20,159 Federal National Mortgage Association 194 24 - 218 Non-agency securities 33 - 1 32 Total collateralized mortgage obligations 23,081 141 1 23,221 Mortgage pass-through securities: Residential pass-through securities: Government National Mortgage Association 8 1 - 9 Federal Home Loan Mortgage Corporation 43,716 470 - 44,186 Federal National Mortgage Association 179,908 4,132 4 184,036 Total residential pass-through securities 223,632 4,603 4 228,231 Commercial pass-through securities: Government National Mortgage Association 7,756 22 - 7,778 Federal National Mortgage Association 155,646 7,814 - 163,460 Total commercial pass-through securities 163,402 7,836 - 171,238 Total mortgage-backed securities 410,115 12,580 5 422,690 Total securities held to maturity $ 577,286 $ 15,213 $ 15 $ 592,484 |
Securities Held to Maturity [Member] | |
Schedule of Held-to-maturity Securities [Line Items] | |
Stratification by Contractual Maturity of Securities | December 31, 2016 Amortized Cost Fair Value (In Thousands) Debt securities held to maturity: Due in one year or less $ 39,284 $ 39,242 Due after one year through five years 18,834 18,634 Due after five years through ten years 68,012 67,425 Due after ten years 11,551 11,429 Total $ 137,681 $ 136,730 |
Impairment of Securities (Table
Impairment of Securities (Tables) | 6 Months Ended |
Dec. 31, 2016 | |
Securities Available for Sale [Member] | |
Schedule of Fair Values and Gross Unrealized Losses on Investments | The following two tables summarize the fair values and gross unrealized losses within the available for sale and held to maturity portfolios December 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 $ 2,064 $ 4 $ 1,927 $ 14 $ 3,991 $ 18 Obligations of state and political subdivisions 19,776 424 - - 19,776 424 Asset-backed securities 31,481 744 60,594 2,694 92,075 3,438 Collateralized loan obligations 19,917 10 59,576 382 79,493 392 Corporate bonds - - 110,163 4,868 110,163 4,868 Trust preferred securities - - 7,101 807 7,101 807 Collateralized mortgage obligations 36,860 858 9,933 392 46,793 1,250 Residential pass-through securities 117,476 3,426 - - 117,476 3,426 Total $ 227,574 $ 5,466 $ 249,294 $ 9,157 $ 476,868 $ 14,623 June 30, 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 $ - $ - $ 2,053 $ 13 $ 2,053 $ 13 Asset-backed securities 45,564 2,726 37,061 2,395 82,625 5,121 Collateralized loan obligations 18,227 119 98,743 1,195 116,970 1,314 Corporate bonds 18,938 61 113,482 5,569 132,420 5,630 Trust preferred securities - - 6,644 1,260 6,644 1,260 Collateralized mortgage obligations 672 3 10,485 88 11,157 91 Total $ 83,401 $ 2,909 $ 268,468 $ 10,520 $ 351,869 $ 13,429 |
Securities Held to Maturity [Member] | |
Schedule of Fair Values and Gross Unrealized Losses on Investments | December 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 $ 24,976 $ 24 $ 9,983 $ 17 $ 34,959 $ 41 Obligations of state and political subdivisions 66,782 984 403 13 67,185 997 Collateralized mortgage obligations 19,881 439 27 1 19,908 440 Residential pass-through securities 134,611 660 1,951 59 136,562 719 Commercial pass-through securities 26,807 240 - - 26,807 240 Total $ 273,057 $ 2,347 $ 12,364 $ 90 $ 285,421 $ 2,437 June 30, 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 $ - $ - $ 10,000 $ 1 $ 10,000 $ 1 Obligations of state and political subdivisions 1,904 5 669 4 2,573 9 Collateralized mortgage obligations - - 32 1 32 1 Residential pass-through securities - - 2,026 4 2,026 4 Total $ 1,904 $ 5 $ 12,727 $ 10 $ 14,631 $ 15 |
Loan Quality and Allowance fo29
Loan Quality and Allowance for Loan Losses (Tables) | 6 Months Ended |
Dec. 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 months ended December 31, 2016 and December 31, 2015. Three Months Ended December 31, 2016 2015 (In Thousands) Beginning balance $ 314 $ 1,084 Accretion to interest income (2 ) (214 ) Disposals - (26 ) Reclassifications from nonaccretable difference - - Ending balance $ 312 $ 844 Six Months Ended December 31, 2016 2015 (In Thousands) Beginning balance $ 335 $ 1,189 Accretion to interest income (4 ) (319 ) Disposals (19 ) (26 ) Reclassifications from nonaccretable difference - - Ending balance $ 312 $ 844 |
Allowance for Loan Losses and Loans Receivable | The following tables present the balance of the allowance for loan losses at December 31, 2016 and June 30, 2016 based upon the calculation methodology as described in the Company’s Form 10-K for the fiscal year ended June 30, 2016. 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 months and six months ended December 31, 2016 and December 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 December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Balance of allowance for loan losses: Loans acquired with deteriorated credit quality $ - $ - $ - $ - $ - $ - $ - $ - Loans individually evaluated for impairment 45 - 23 - 8 57 - 133 Loans collectively evaluated for impairment 2,385 12,226 8,332 29 1,771 499 685 25,927 Total allowance for loan losses $ 2,430 $ 12,226 $ 8,355 $ 29 $ 1,779 $ 556 $ 685 $ 26,060 Allowance for Loan Losses and Loans Receivable At December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Balance of loans receivable: Loans acquired with deteriorated credit quality $ 101 $ - $ 296 $ - $ 715 $ - $ - $ 1,112 Loans individually evaluated for impairment 13,061 181 5,855 259 2,444 2,040 - 23,840 Loans collectively evaluated for impairment 549,304 1,295,026 926,465 668 72,481 81,265 20,481 2,945,690 Total loans $ 562,466 $ 1,295,207 $ 932,616 $ 927 $ 75,640 $ 83,305 $ 20,481 $ 2,970,642 Unamortized yield adjustments 3,289 Loans receivable, net of yield adjustments $ 2,973,931 Allowance for Loan Losses and Loans Receivable Period ended December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the three months ended December 31, 2016: At September 30, 2016: $ 2,806 $ 10,269 $ 8,316 $ 39 $ 2,319 $ 534 $ 720 $ 25,003 Total charge offs (41 ) - (37 ) - - (74 ) (241 ) (393 ) Total recoveries 182 - - - 1 1 11 195 Total provisions (517 ) 1,957 76 (10 ) (541 ) 95 195 1,255 Total allowance for loan losses $ 2,430 $ 12,226 $ 8,355 $ 29 $ 1,779 $ 556 $ 685 $ 26,060 Allowance for Loan Losses and Loans Receivable Period ended December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the six months ended December 31, 2016: At June 30, 2016 $ 2,370 $ 9,995 $ 7,846 $ 24 $ 2,784 $ 432 $ 778 $ 24,229 Total charge offs (64 ) - (78 ) - (194 ) (95 ) (336 ) (767 ) Total recoveries 182 - - - 16 1 15 214 Total provisions (58 ) 2,231 587 5 (827 ) 218 228 2,384 Total allowance for loan losses $ 2,430 $ 12,226 $ 8,355 $ 29 $ 1,779 $ 556 $ 685 $ 26,060 Allowance for Loan Losses and Loans Receivable Period ended December 31, 2015 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the three months ended December 31, 2015: At September 30, 2015: $ 2,469 $ 6,855 $ 6,326 $ 29 $ 1,578 $ 406 $ 27 $ 17,690 Total charge offs (615 ) - (97 ) - (548 ) (36 ) (3 ) (1,299 ) Total recoveries 9 - - - 700 - - 709 Total provisions 535 1,658 710 6 211 31 263 3,414 Total allowance for loan losses $ 2,398 $ 8,513 $ 6,939 $ 35 $ 1,941 $ 401 $ 287 $ 20,514 Allowance for Loan Losses and Loans Receivable Period Ended December 31, 2015 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Changes in the allowance for loan losses for the six months ended December 31, 2015: At June 30, 2015 $ 2,210 $ 6,354 $ 4,766 $ 34 $ 1,860 $ 366 $ 16 $ 15,606 Total charge offs (1,153 ) - (97 ) - (644 ) (60 ) (3 ) (1,957 ) Total recoveries 9 - - - 759 41 1 810 Total provisions 1,332 2,159 2,270 1 (34 ) 54 273 6,055 Total allowance for loan losses $ 2,398 $ 8,513 $ 6,939 $ 35 $ 1,941 $ 401 $ 287 $ 20,514 Allowance for Loan Losses and Loans Receivable at June 30, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Balance of allowance for loan losses: Loans acquired with deteriorated credit quality $ - $ - $ - $ - $ 13 $ - $ - $ 13 Loans individually evaluated for impairment 77 - 53 - 387 78 - 595 Loans collectively evaluated for impairment 2,293 9,995 7,793 24 2,384 354 778 23,621 Total allowance for loan losses $ 2,370 $ 9,995 $ 7,846 $ 24 $ 2,784 $ 432 $ 778 $ 24,229 Allowance for Loan Losses and Loans Receivable at June 30, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Balance of loans receivable: Loans acquired with deteriorated credit quality $ 104 $ - $ 304 $ - $ 760 $ - $ - 1,168 Loans individually evaluated for impairment 12,806 205 6,773 357 1,647 2,180 - 23,968 Loans collectively evaluated for impairment 592,293 1,040,088 813,596 1,681 85,800 87,386 25,401 2,646,245 Total loans $ 605,203 $ 1,040,293 $ 820,673 $ 2,038 $ 88,207 $ 89,566 $ 25,401 $ 2,671,381 Unamortized yield adjustments 2,606 Loans receivable, net of yield adjustments $ 2,673,987 |
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 December 31, 2016 and June 30, 2016 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, 2016. Credit-Rating Classification of Loans Receivable At December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Non-classified $ 545,574 $ 1,295,026 $ 924,495 $ - $ 69,220 $ 80,480 $ 20,273 $ 2,935,068 Classified: Special Mention 948 - - 668 54 392 112 2,174 Substandard 15,944 181 8,121 259 6,366 2,433 93 33,397 Doubtful - - - - - - 3 3 Loss - - - - - - - - Total classified loans 16,892 181 8,121 927 6,420 2,825 208 35,574 Total loans $ 562,466 $ 1,295,207 $ 932,616 $ 927 $ 75,640 $ 83,305 $ 20,481 $ 2,970,642 Credit-Rating Classification of Loans Receivable at June 30, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Non-classified $ 588,992 $ 1,040,088 $ 811,621 $ 1,063 $ 81,902 $ 86,835 $ 25,298 $ 2,635,799 Classified: Special Mention 859 - - 618 681 309 61 2,528 Substandard 15,352 205 9,052 357 5,624 2,422 40 33,052 Doubtful - - - - - - 2 2 Loss - - - - - - - - Total classified loans 16,211 205 9,052 975 6,305 2,731 103 35,582 Total loans $ 605,203 $ 1,040,293 $ 820,673 $ 2,038 $ 88,207 $ 89,566 $ 25,401 $ 2,671,381 |
Contractual Payment Status of Loans Receivable | Contractual Payment Status of Loans Receivable At December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Current $ 553,429 $ 1,295,207 $ 930,097 $ 319 $ 73,234 $ 82,286 $ 20,170 $ 2,954,742 Past due: 30-59 days 802 - 40 349 719 823 110 2,843 60-89 days 939 - 340 - 7 83 109 1,478 90+ days 7,296 - 2,139 259 1,680 113 92 11,579 Total past due 9,037 - 2,519 608 2,406 1,019 311 15,900 Total loans $ 562,466 $ 1,295,207 $ 932,616 $ 927 $ 75,640 $ 83,305 $ 20,481 $ 2,970,642 Contractual Payment Status of Loans Receivable at June 30, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Current $ 596,548 $ 1,040,293 $ 817,539 $ 1,681 $ 87,328 $ 88,657 $ 25,301 $ 2,657,347 Past due: 30-59 days 1,524 - - - - 503 22 2,049 60-89 days 940 - 376 - 411 75 40 1,842 90+ days 6,191 - 2,758 357 468 331 38 10,143 Total past due 8,655 - 3,134 357 879 909 100 14,034 Total loans $ 605,203 $ 1,040,293 $ 820,673 $ 2,038 $ 88,207 $ 89,566 $ 25,401 $ 2,671,381 |
Performance Status of Loans Receivable | The following tables present information relating to the Company’s nonperforming and impaired loans at December 31, 2016 and June 30, 2016 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, 2016. 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 December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Performing $ 551,235 $ 1,295,026 $ 926,787 $ 668 $ 72,920 $ 82,052 $ 20,389 $ 2,949,077 Nonperforming: 90+ days past due accruing - - - - - - 92 92 Nonaccrual 11,231 181 5,829 259 2,720 1,253 - 21,473 Total nonperforming 11,231 181 5,829 259 2,720 1,253 92 21,565 Total loans $ 562,466 $ 1,295,207 $ 932,616 $ 927 $ 75,640 $ 83,305 $ 20,481 $ 2,970,642 Performance Status of Loans Receivable at June 30, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Performing $ 594,471 $ 1,040,088 $ 814,085 $ 1,681 $ 86,242 $ 88,396 $ 25,363 $ 2,650,326 Nonperforming: 90+ days past due accruing - - - - - - 38 38 Nonaccrual 10,732 205 6,588 357 1,965 1,170 - 21,017 Total nonperforming 10,732 205 6,588 357 1,965 1,170 38 21,055 Total loans $ 605,203 $ 1,040,293 $ 820,673 $ 2,038 $ 88,207 $ 89,566 $ 25,401 $ 2,671,381 |
Impairment Status of Loans Receivable | Impairment Status of Loans Receivable At December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Carrying value of impaired loans: Non-impaired loans $ 549,304 $ 1,295,026 $ 926,465 $ 668 $ 72,481 $ 81,265 $ 20,481 $ 2,945,690 Impaired loans: Impaired loans with no allowance for impairment 12,332 181 5,931 259 3,148 1,964 - 23,815 Impaired loans with allowance for impairment: Recorded investment 830 - 220 - 11 76 - 1,137 Allowance for impairment (45 ) - (23 ) - (8 ) (57 ) - (133 ) Balance of impaired loans net of allowance for impairment 785 - 197 - 3 19 - 1,004 Total impaired loans, excluding allowance for impairment: 13,162 181 6,151 259 3,159 2,040 - 24,952 Total loans $ 562,466 $ 1,295,207 $ 932,616 $ 927 $ 75,640 $ 83,305 $ 20,481 $ 2,970,642 Unpaid principal balance of impaired loans: Total impaired loans $ 16,567 $ 837 $ 7,506 $ 365 $ 4,596 $ 2,458 $ - $ 32,329 Impairment Status of Loans Receivable at June 30, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Carrying value of impaired loans: Non-impaired loans $ 592,293 $ 1,040,088 $ 813,596 $ 1,681 $ 85,800 $ 87,386 $ 25,401 $ 2,646,245 Impaired loans: Impaired loans with no allowance for impairment 10,876 205 6,473 357 1,900 2,101 21,912 Impaired loans with allowance for impairment: Recorded investment 2,034 - 604 507 79 3,224 Allowance for impairment (77 ) - (53 ) (400 ) (78 ) (608 ) Balance of impaired loans net of allowance for impairment 1,957 - 551 - 107 1 - 2,616 Total impaired loans, excluding allowance for impairment: 12,910 205 7,077 357 2,407 2,180 - 25,136 Total loans $ 605,203 $ 1,040,293 $ 820,673 $ 2,038 $ 88,207 $ 89,566 $ 25,401 $ 2,671,381 Unpaid principal balance of impaired loans: Total impaired loans $ 16,571 $ 849 $ 8,269 $ 458 $ 3,736 $ 2,505 $ - $ 32,388 Impairment Status of Loans Receivable Period ended December 31, 2016 and 2015 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) For the three months ended December 31, 2016: Average balance of impaired loans $ 13,262 $ 187 $ 6,263 $ 282 $ 3,225 $ 2,072 $ - $ 25,291 Interest earned on impaired loans $ 28 $ - $ 7 $ - $ 2 $ 10 $ - $ 47 For the six months ended December 31, 2016: Average balance of impaired loans $ 13,140 $ 193 $ 6,515 $ 313 $ 3,166 $ 2,117 $ - $ 25,444 Interest earned on impaired loans $ 49 $ - $ 19 $ - $ 6 $ 24 $ - $ 98 For the three months ended December 31, 2015: Average balance of impaired loans $ 12,608 $ 319 $ 7,756 $ 809 $ 8,952 $ 2,405 $ - $ 32,849 Interest earned on impaired loans $ 33 $ - $ 11 $ - $ 204 $ 10 $ - $ 258 For the six months ended December 31, 2015: Average balance of impaired loans $ 11,485 $ 378 $ 7,633 $ 1,332 $ 9,659 $ 2,444 $ - $ 32,931 Interest earned on impaired loans $ 101 $ - $ 21 $ - $ 421 $ 16 $ - $ 559 |
Troubled Debt Restructurings of Loans Receivable | The following table presents information regarding the restructuring of the Company’s troubled debts during the three and six months ended December 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 December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Troubled debt restructuring activity for the three months ended December 31, 2016: Number of loans 1 - - - - 1 - 2 Pre-modification outstanding recorded investment $ 197 $ - $ - $ - $ - $ 87 $ - $ 284 Post-modification outstanding recorded investment 186 - - - - 95 - 281 Charge offs against the allowance for loan loss recognized at modification 14 - - - - 9 - 23 Troubled debt restructuring defaults for the three months ended December 31, 2016: Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Troubled Debt Restructurings of Loans Receivable Period ended December 31, 2016 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Troubled debt restructuring activity for the six months ended December 31, 2016: Number of loans 1 - 1 - - 2 - 4 Pre-modification outstanding recorded investment $ 197 $ - $ 244 $ - $ - $ 271 $ - $ 712 Post-modification outstanding recorded investment 186 - 223 - - 279 - 688 Charge offs against the allowance for loan loss recognized at modification 14 - 27 - - 12 - 53 Troubled debt restructuring defaults for the six months ended December 31, 2016: Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Troubled Debt Restructurings of Loans Receivable Period ended December 31, 2015 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Troubled debt restructuring activity for the three months ended December 31, 2015: Number of loans 1 - - - - 2 - 3 Pre-modification outstanding recorded investment $ 404 $ - $ - $ - $ - $ 110 $ - $ 514 Post-modification outstanding recorded investment 354 - - - - 87 - 441 Charge offs against the allowance for loan loss recognized at modification 61 - - - - 24 - 85 Troubled debt restructuring defaults for the three months ended December 31, 2015: Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - Troubled Debt Restructurings of Loans Receivable Period ended December 31, 2015 Residential Mortgage Multi-Family Mortgage Non- Residential Mortgage Construction Commercial Business Home Equity Loans Other Consumer Total (In Thousands) Troubled debt restructuring activity for the six months ended December 31, 2015: Number of loans 3 - 3 - - 2 - 8 Pre-modification outstanding recorded investment $ 1,097 $ - $ 2,285 $ - $ - $ 110 $ - $ 3,492 Post-modification outstanding recorded investment 785 - 2,290 - - 87 - 3,162 Charge offs against the allowance for loan loss recognized at modification 292 - - - - 24 - 316 Troubled debt restructuring defaults for the six months ended December 31, 2015: Number of loans - - - - - - - - Outstanding recorded investment $ - $ - $ - $ - $ - $ - $ - $ - |
Borrowings (Tables)
Borrowings (Tables) | 6 Months Ended |
Dec. 31, 2016 | |
Debt Disclosure [Abstract] | |
Schedule of Fixed Rate Advances from FHLB | Fixed rate advances from the FHLB of New York mature as follows: December 31, 2016 June 30, 2016 Balance Weighted Average Interest Rate Balance Weighted Average Interest Rate (Dollars in Thousands) Maturing in years ending June 30: 2017 $ 515,000 0.66 % $ 428,000 0.69 % 2018 5,225 1.18 5,225 1.18 2021 521 4.94 572 4.94 2023 145,000 3.04 145,000 3.04 Total borrowings 665,746 1.19 % 578,797 1.29 % Fair value adjustments (4 ) (9 ) Total borrowings, net of fair value adjustments $ 665,742 $ 578,788 |
Derivative Instruments and He31
Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended |
Dec. 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 December 31, 2016 and June 30, 2016 and for the three and six months ended December 31, 2016 and December 31, 2015 are as follows: December 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 $ (329 ) Other assets July 1, 2018 August 19, 2013 75,000 (515 ) Other assets August 20, 2018 October 9, 2013 50,000 (152 ) Other assets October 9, 2018 March 28, 2014 75,000 (732 ) Other assets March 28, 2019 June 5, 2015 60,000 (1,221 ) Other assets June 5, 2020 July 28, 2015 50,000 (1,291 ) Other assets July 28, 2020 September 28, 2015 40,000 (1,117 ) Other assets September 28, 2020 December 28, 2015 35,000 (1,161 ) Other assets December 28, 2020 June 5, 2018 40,000 1,377 Other assets June 5, 2022 July 2, 2018 200,000 6,385 Other assets July 1, 2021 August 20, 2018 75,000 2,647 Other assets August 19, 2022 October 9, 2018 50,000 2,169 Other assets October 9, 2023 March 28, 2019 75,000 3,231 Other assets March 28, 2024 990,000 9,291 Interest rate caps by effective date: June 5, 2013 40,000 83 Other assets June 5, 2018 July 1, 2013 35,000 68 Other assets July 1, 2018 75,000 151 Total $ 1,065,000 $ 9,442 June 30, 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 $ (2,280 ) Other liabilities July 1, 2018 August 19, 2013 75,000 (1,627 ) Other liabilities August 20, 2018 October 9, 2013 50,000 (911 ) Other liabilities October 9, 2018 March 28, 2014 75,000 (2,364 ) Other liabilities March 28, 2019 June 5, 2015 60,000 (3,412 ) Other liabilities June 5, 2020 July 28, 2015 50,000 (3,243 ) Other liabilities July 28, 2020 September 28, 2015 40,000 (2,765 ) Other liabilities September 28, 2020 December 28, 2015 35,000 (2,715 ) Other liabilities December 28, 2020 550,000 (19,317 ) Interest rate caps by effective date: June 5, 2013 40,000 33 Other liabilities June 5, 2018 July 1, 2013 35,000 27 Other liabilities July 1, 2018 75,000 60 Total $ 625,000 $ (19,257 ) Three Months Ended December 31, 2016 Amount of Gain 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 $ 660 Not applicable $ - August 19, 2013 345 Not applicable - October 9, 2013 246 Not applicable - March 28, 2014 569 Not applicable - June 5, 2015 876 Not applicable - July 28, 2015 789 Not applicable - September 28, 2015 677 Not applicable - December 28, 2015 653 Not applicable - June 5, 2018 856 Not applicable - July 2, 2018 3,162 Not applicable August 20, 2018 1,627 Not applicable October 9, 2018 1,364 Not applicable March 28, 2019 2,066 Not applicable 13,890 - Interest rate caps by effective date: June 5, 2013 82 Not applicable - July 1, 2013 79 Not applicable - 161 - Total $ 14,051 $ - Six Months Ended December 31, 2016 Amount of Gain 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 $ 1,154 Not applicable $ - August 19, 2013 658 Not applicable - October 9, 2013 449 Not applicable - March 28, 2014 966 Not applicable - June 5, 2015 1,296 Not applicable - July 28, 2015 1,154 Not applicable - September 28, 2015 975 Not applicable - December 28, 2015 919 Not applicable - June 5, 2018 814 Not applicable - July 2, 2018 3,777 Not applicable - August 20, 2018 1,566 Not applicable - October 9, 2018 1,283 Not applicable - March 28, 2019 1,911 Not applicable - 16,922 - Interest rate caps by effective date: June 5, 2013 150 Not applicable - July 1, 2013 140 Not applicable - 290 - Total $ 17,212 $ - Three Months Ended December 31, 2015 Amount of Gain 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 $ 846 Not applicable $ - August 19, 2013 483 Not applicable - October 9, 2013 322 Not applicable - March 28, 2014 578 Not applicable - June 5, 2015 555 Not applicable - July 28, 2015 479 Not applicable - September 28, 2015 392 Not applicable - December 28, 2015 239 Not applicable - 3,894 - Interest rate caps by effective date: June 5, 2013 64 Not applicable - July 1, 2013 50 Not applicable - 114 - Total $ 4,008 $ - Six Months Ended December 31, 2015 Amount of Gain (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 $ 112 Not applicable $ - August 19, 2013 129 Not applicable - October 9, 2013 47 Not applicable - March 28, 2014 75 Not applicable - June 5, 2015 (80 ) Not applicable - July 28, 2015 (116 ) Not applicable - September 28, 2015 (193 ) Not applicable - December 28, 2015 (307 ) Not applicable - (333 ) - Interest rate caps by effective date: June 5, 2013 (46 ) Not applicable - July 1, 2013 (44 ) Not applicable - (90 ) - Total $ (423 ) $ - |
Benefit Plans (Tables)
Benefit Plans (Tables) | 6 Months Ended |
Dec. 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 Six Months Ended December 31, December 31, 2016 2015 2016 2015 (In Thousands) (In Thousands) Service cost $ 8 $ 59 $ 16 $ 118 Interest cost 95 121 190 242 Amortization of unrecognized past service liability - 9 - 18 Amortization of unrecognized loss 16 9 32 18 Expected return on assets (62 ) (64 ) (124 ) (128 ) Net periodic benefit cost $ 57 $ 134 $ 114 $ 268 |
Fair Value of Financial Instr33
Fair Value of Financial Instruments (Tables) | 6 Months Ended |
Dec. 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: December 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 $ - $ 5,809 $ - $ 5,809 Obligations of state and political subdivisions - 27,090 - 27,090 Asset-backed securities - 121,445 - 121,445 Collateralized loan obligations - 98,447 - 98,447 Corporate bonds - 138,564 - 138,564 Trust preferred securities - 7,101 1,000 8,101 Total debt securities - 398,456 1,000 399,456 Mortgage-backed securities available for sale: Collateralized mortgage obligations - 52,333 - 52,333 Residential pass-through securities - 211,258 - 211,258 Commercial pass-through securities - 8,234 - 8,234 Total mortgage-backed securities - 271,825 - 271,825 Total securities available for sale $ - $ 670,281 $ 1,000 $ 671,281 Derivative instruments Interest rate swaps $ - $ 9,291 $ - $ 9,291 Interest rate caps - 151 - 151 Total derivatives $ - $ 9,442 $ - $ 9,442 June 30, 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 $ - $ 6,440 $ - $ 6,440 Obligations of state and political subdivisions - 28,398 - 28,398 Asset-backed securities - 82,625 - 82,625 Collateralized loan obligations - 127,374 - 127,374 Corporate bonds - 137,404 - 137,404 Trust preferred securities - 7,669 - 7,669 Total debt securities - 389,910 - 389,910 Mortgage-backed securities available for sale: Collateralized mortgage obligations - 60,577 - 60,577 Residential pass-through securities - 214,526 - 214,526 Commercial pass-through securities - 8,524 - 8,524 Total mortgage-backed securities - 283,627 - 283,627 Total securities available for sale $ - $ 673,537 $ - $ 673,537 Derivative instruments Interest rate swaps $ - $ (19,317 ) $ - $ (19,317 ) Interest rate caps - 60 - 60 Total derivatives $ - $ (19,257 ) $ - $ (19,257 ) |
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: December 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 $ - $ - $ 9,104 $ 9,104 June 30, 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 $ - $ - $ 10,533 $ 10,533 Real estate owned $ - $ - $ 280 $ 280 |
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: December 31, 2016 Fair Value Valuation Techniques Unobservable Input Range Weighted Average (In Thousands) Impaired loans $ 9,104 Market valuation of underlying collateral (1) Direct disposal costs (3) 6% - 10% 8.95 % June 30, 2016 Fair Value Valuation Techniques Unobservable Input Range Weighted Average (In Thousands) Impaired loans $ 10,533 Market valuation of underlying collateral (1) Direct disposal costs (3) 6% - 10% 9.45 % Real estate owned $ 280 Market valuation of property (2) Direct disposal costs (3) N/A 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: December 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 $ 37,032 $ 37,032 $ 37,032 $ - $ - Debt securities available for sale 399,456 399,456 - 398,456 1,000 Mortgage-backed securities available for sale 271,825 271,825 - 271,825 - Debt securities held to maturity 137,681 136,730 - 136,730 - Mortgage-backed securities held to maturity 380,138 380,401 - 380,401 - Loans held-for-sale 6,686 6,686 - 6,686 - Net loans receivable 2,947,871 2,912,793 - - 2,912,793 FHLB Stock 34,525 34,525 - - 34,525 Interest receivable 11,809 11,809 11,809 - - Financial liabilities: Deposits (1) 2,746,017 2,760,322 1,528,180 - 1,232,142 Borrowings 701,849 720,148 - - 720,148 Interest payable on borrowings 1,382 1,382 1,382 - - Derivative instruments: Interest rate swaps 9,291 9,291 - 9,291 - Interest rate caps 151 151 - 151 - (1) Includes accrued interest payable on deposits of $157,000 at December 31, 2016. June 30, 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 $ 199,200 $ 199,200 $ 199,200 $ - $ - Debt securities available for sale 389,910 389,910 - 389,910 - Mortgage-backed securities available for sale 283,627 283,627 - 283,627 - Debt securities held to maturity 167,171 169,794 - 169,794 - Mortgage-backed securities held to maturity 410,115 422,690 - 422,690 - Loans held-for-sale 3,316 3,316 - 3,316 - Net loans receivable 2,649,758 2,652,736 - - 2,652,736 FHLB Stock 30,612 30,612 - - 30,612 Interest receivable 11,212 11,212 11,212 - - Financial liabilities: Deposits (1) 2,694,833 2,709,779 1,487,408 - 1,222,371 Borrowings 614,423 634,855 - - 634,855 Interest payable on borrowings 1,226 1,226 1,226 - - Derivative instruments: Interest rate swaps (19,317 ) (19,317 ) - (19,317 ) - Interest rate caps 60 60 - 60 - (1) Includes accrued interest payable on deposits of $146,000 at June 30, 2016. |
Comprehensive Loss (Tables)
Comprehensive Loss (Tables) | 6 Months Ended |
Dec. 31, 2016 | |
Equity [Abstract] | |
Schedule of Accumulated Other Comprehensive Loss | The components of accumulated other comprehensive loss included in stockholders’ equity at December 31, 2016 and June 30, 2016 are as follows: December 31, June 30, 2016 2016 (In Thousands) Net unrealized loss on securities available for sale $ (11,137 ) $ (4,711 ) Tax effect 4,145 1,954 Net of tax amount (6,992 ) (2,757 ) Net unrealized loss on securities available for sale transferred to held to maturity (1,092 ) (1,056 ) Tax effect 446 431 Net of tax amount (646 ) (625 ) Fair value adjustments on derivatives 7,780 (21,317 ) Tax effect (3,178 ) 8,708 Net of tax amount 4,602 (12,609 ) Benefit plan adjustments (1,707 ) (1,346 ) Tax effect 698 550 Net of tax amount (1,009 ) (796 ) Total accumulated other comprehensive loss $ (4,045 ) $ (16,787 ) |
Schedule of Comprehensive Income | Other comprehensive income and related tax effects for the three months ended December 31, 2016 and December 31, 2015 are presented in the following table: Three Months Ended Six Months Ended December 31, December 31, 2016 2015 2016 2015 (In Thousands) (In Thousands) Net unrealized holding loss on securities available for sale $ (8,251 ) $ (6,419 ) $ (6,436 ) $ (7,871 ) Amortization of net unrealized holding (loss) gain on securities available for sale transferred to held to maturity (3) (43 ) 25 (36 ) (6 ) Net realized gain (loss) on securities available for sale 10 (2 ) 10 (2 ) Net unrealized gain (loss) on derivatives 23,755 6,777 29,099 (714 ) Benefit plans: Amortization of: Actuarial loss (1) 16 10 32 19 Past service cost (1) - 9 - 18 New actuarial loss - - (394 ) (911 ) Net change in benefit plan accrued expense 16 19 (362 ) (874 ) Other comprehensive income (loss) before taxes 15,487 400 22,275 (9,467 ) Tax effect (2) (6,759 ) (239 ) (9,533 ) 3,968 Total other comprehensive income (loss) $ 8,728 $ 161 $ 12,742 $ (5,499 ) (1) Represents amounts reclassified out of accumulated other comprehensive income and included in the computation of net periodic pension expense. See Note 13 – Benefit Plans for additional information. (2) The amounts included in income taxes for items reclassified out of accumulated other comprehensive income totaled $10 and $(144) for the three and six months ended December 31, 2016 and $7 and $(358) for the three and six months ended December 31, 2015, respectively. (3) Represents amounts reclassified out of accumulated other comprehensive loss and included in interest income on taxable securities. |
Net Income Per Common Share (EP
Net Income Per Common Share (EPS) - Reconciliation of Numerators and Denominators of Basic and Diluted Earnings Per Share Computations (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Earnings Per Share [Abstract] | ||||
Income (Numerator): Net income | $ 5,464 | $ 3,797 | $ 10,131 | $ 6,773 |
Income (Numerator): Basic earnings per share, income available to common stockholders | 5,464 | 3,797 | 10,131 | 6,773 |
Income (Numerator): Diluted earnings per share | $ 5,464 | $ 3,797 | $ 10,131 | $ 6,773 |
Shares (Denominator): Basic earnings per share, income available to common stockholders | 85,174 | 89,640 | 85,710 | 89,615 |
Shares (Denominator): Stock options | 84 | 34 | 72 | 32 |
Shares (Denominator): Diluted earnings per share | 85,258 | 89,674 | 85,782 | 89,647 |
Per Share Amount: Basic earnings per share, income available to common stockholders | $ 0.06 | $ 0.04 | $ 0.12 | $ 0.08 |
Per Share Amount: Diluted earnings per share | $ 0.06 | $ 0.04 | $ 0.12 | $ 0.08 |
Net Income Per Common Share (36
Net Income Per Common Share (EPS) - Additional Information (Detail) - shares | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Stock Options [Member] | ||||
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] | ||||
Average number of options anti-dilutive | 1,108,587 | 264,077 | 554,293 | 270,078 |
Plan of Conversion and Stock 37
Plan of Conversion and Stock Offering - Additional Information (Detail) $ / shares in Units, $ in Millions | May 18, 2015USD ($)$ / sharesshares | Dec. 31, 2016USD ($) |
Plan Of Conversion And Stock Offering [Line Items] | ||
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 KearnyBank 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 | |
Stock exchange ratio | 1.3804 | |
Affiliated Entity [Member] | ||
Plan Of Conversion And Stock Offering [Line Items] | ||
Additional investment in bank's common equity | $ 353.4 |
Securities Available for Sale -
Securities Available for Sale - Amortized Cost, Gross Unrealized Gains and Losses and Fair Values of Securities (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | $ 408,666 | $ 402,137 |
Securities available for sale, Fair value | 399,456 | 389,910 |
Securities available for sale, Amortized Cost | 682,417 | 678,248 |
Mortgage-backed securities, Gross Unrealized Gains | 3,487 | 8,718 |
Mortgage-backed securities, Gross Unrealized Losses | 14,623 | 13,429 |
Securities available for sale, Fair value | 671,281 | 673,537 |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 273,751 | 276,111 |
Mortgage-backed securities, Gross Unrealized Gains | 2,750 | 7,607 |
Mortgage-backed securities, Gross Unrealized Losses | 4,676 | 91 |
Securities available for sale, Fair value | 271,825 | 283,627 |
Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 408,666 | 402,137 |
Securities available for sale, Gross Unrealized Gains | 737 | 1,111 |
Securities available for sale, Gross Unrealized Losses | 9,947 | 13,338 |
Securities available for sale, Fair value | 399,456 | 389,910 |
Debt Securities [Member] | U.S. Agency Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 5,810 | 6,307 |
Securities available for sale, Gross Unrealized Gains | 17 | 146 |
Securities available for sale, Gross Unrealized Losses | 18 | 13 |
Securities available for sale, Fair value | 5,809 | 6,440 |
Debt Securities [Member] | Obligations of State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 27,477 | 27,489 |
Securities available for sale, Gross Unrealized Gains | 37 | 909 |
Securities available for sale, Gross Unrealized Losses | 424 | |
Securities available for sale, Fair value | 27,090 | 28,398 |
Debt Securities [Member] | Asset-backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 124,754 | 87,746 |
Securities available for sale, Gross Unrealized Gains | 129 | |
Securities available for sale, Gross Unrealized Losses | 3,438 | 5,121 |
Securities available for sale, Fair value | 121,445 | 82,625 |
Debt Securities [Member] | Collateralized Loan Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 98,695 | 128,664 |
Securities available for sale, Gross Unrealized Gains | 144 | 24 |
Securities available for sale, Gross Unrealized Losses | 392 | 1,314 |
Securities available for sale, Fair value | 98,447 | 127,374 |
Debt Securities [Member] | Corporate Bonds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 143,022 | 143,027 |
Securities available for sale, Gross Unrealized Gains | 410 | 7 |
Securities available for sale, Gross Unrealized Losses | 4,868 | 5,630 |
Securities available for sale, Fair value | 138,564 | 137,404 |
Debt Securities [Member] | Trust Preferred Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 8,908 | 8,904 |
Securities available for sale, Gross Unrealized Gains | 25 | |
Securities available for sale, Gross Unrealized Losses | 807 | 1,260 |
Securities available for sale, Fair value | 8,101 | 7,669 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 53,530 | 60,062 |
Mortgage-backed securities, Gross Unrealized Gains | 53 | 606 |
Mortgage-backed securities, Gross Unrealized Losses | 1,250 | 91 |
Securities available for sale, Fair value | 52,333 | 60,577 |
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 | 17,507 | 20,944 |
Mortgage-backed securities, Gross Unrealized Gains | 51 | 380 |
Mortgage-backed securities, Gross Unrealized Losses | 222 | |
Securities available for sale, Fair value | 17,336 | 21,324 |
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 | 35,909 | 38,992 |
Mortgage-backed securities, Gross Unrealized Gains | 2 | 226 |
Mortgage-backed securities, Gross Unrealized Losses | 1,027 | 89 |
Securities available for sale, Fair value | 34,884 | 39,129 |
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 | 114 | 126 |
Mortgage-backed securities, Gross Unrealized Losses | 1 | 2 |
Securities available for sale, Fair value | 113 | 124 |
Residential Pass-Through Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 212,035 | 207,787 |
Mortgage-backed securities, Gross Unrealized Gains | 2,649 | 6,739 |
Mortgage-backed securities, Gross Unrealized Losses | 3,426 | |
Securities available for sale, Fair value | 211,258 | 214,526 |
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 | 132,460 | 126,415 |
Mortgage-backed securities, Gross Unrealized Gains | 1,070 | 3,557 |
Mortgage-backed securities, Gross Unrealized Losses | 2,422 | |
Securities available for sale, Fair value | 131,108 | 129,972 |
Residential Pass-Through Securities [Member] | Federal National Mortgage Association [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 78,054 | 79,583 |
Mortgage-backed securities, Gross Unrealized Gains | 1,449 | 3,011 |
Mortgage-backed securities, Gross Unrealized Losses | 1,004 | |
Securities available for sale, Fair value | 78,499 | 82,594 |
Residential Pass-Through Securities [Member] | Government National Mortgage Association [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 1,521 | 1,789 |
Mortgage-backed securities, Gross Unrealized Gains | 130 | 171 |
Securities available for sale, Fair value | 1,651 | 1,960 |
Commercial Pass-Through Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 8,186 | 8,262 |
Mortgage-backed securities, Gross Unrealized Gains | 48 | 262 |
Securities available for sale, Fair value | 8,234 | 8,524 |
Commercial Pass-Through Securities [Member] | Federal National Mortgage Association [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities available for sale, Amortized Cost | 8,186 | 8,262 |
Mortgage-backed securities, Gross Unrealized Gains | 48 | 262 |
Securities available for sale, Fair value | $ 8,234 | $ 8,524 |
Securities Available for Sale39
Securities Available for Sale - Stratification by Contractual Maturity of Securities (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Investments Debt And Equity Securities [Abstract] | ||
Due after one year through five years, Amortized Cost | $ 52,648 | |
Due after five years through ten years, Amortized Cost | 208,893 | |
Due after ten years, Amortized Cost | 147,125 | |
Securities available for sale, Amortized Cost | 408,666 | $ 402,137 |
Due after one year through five years, Fair Value | 51,529 | |
Due after five years through ten years, Fair Value | 205,096 | |
Due after ten years, Fair Value | 142,831 | |
Fair Value | $ 399,456 | $ 389,910 |
Securities Available for Sale40
Securities Available for Sale - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Jun. 30, 2016 | |
Schedule of Available-for-sale Securities [Line Items] | |||||
Proceeds from sales of debt securities available for sale | $ 0 | $ 0 | $ 0 | $ 0 | |
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 | 38,300,000 | 38,300,000 | $ 45,000,000 | ||
Available for sale securities pledged to secure public funds on deposit | $ 872,000 | $ 872,000 | $ 983,000 |
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 | Dec. 31, 2016 | Jun. 30, 2016 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | $ 137,681 | $ 167,171 |
Securities held to maturity | 517,819 | 577,286 |
Gross Unrealized Gains | 1,749 | 15,213 |
Gross Unrealized Losses | 2,437 | 15 |
Fair Value | 136,730 | 169,794 |
Fair Value | 517,131 | 592,484 |
Mortgage-Backed Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 380,138 | 410,115 |
Gross Unrealized Gains | 1,662 | 12,580 |
Gross Unrealized Losses | 1,399 | 5 |
Fair Value | 380,401 | 422,690 |
Debt Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 137,681 | 167,171 |
Gross Unrealized Gains | 87 | 2,633 |
Gross Unrealized Losses | 1,038 | 10 |
Fair Value | 136,730 | 169,794 |
Debt Securities [Member] | U.S. Agency Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 34,999 | 84,992 |
Gross Unrealized Gains | 31 | |
Gross Unrealized Losses | 41 | 1 |
Fair Value | 34,958 | 85,022 |
Debt Securities [Member] | Obligations of State and Political Subdivisions [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 87,682 | 82,179 |
Gross Unrealized Gains | 87 | 2,602 |
Gross Unrealized Losses | 997 | 9 |
Fair Value | 86,772 | 84,772 |
Debt Securities [Member] | Subordinated Debt [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | 15,000 | |
Fair Value | 15,000 | |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 20,543 | 23,081 |
Gross Unrealized Gains | 21 | 141 |
Gross Unrealized Losses | 440 | 1 |
Fair Value | 20,124 | 23,221 |
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 | 2,471 | 2,787 |
Gross Unrealized Gains | 25 | |
Gross Unrealized Losses | 57 | |
Fair Value | 2,414 | 2,812 |
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 | 17,867 | 20,067 |
Gross Unrealized Gains | 2 | 92 |
Gross Unrealized Losses | 382 | |
Fair Value | 17,487 | 20,159 |
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 | 178 | 194 |
Gross Unrealized Gains | 19 | 24 |
Fair Value | 197 | 218 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | Non-Agency Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 27 | 33 |
Gross Unrealized Losses | 1 | 1 |
Fair Value | 26 | 32 |
Residential Pass-Through Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 200,402 | 223,632 |
Gross Unrealized Gains | 649 | 4,603 |
Gross Unrealized Losses | 719 | 4 |
Fair Value | 200,332 | 228,231 |
Residential Pass-Through Securities [Member] | Federal Home Loan Mortgage Corporation [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 39,472 | 43,716 |
Gross Unrealized Gains | 6 | 470 |
Gross Unrealized Losses | 391 | |
Fair Value | 39,087 | 44,186 |
Residential Pass-Through Securities [Member] | Federal National Mortgage Association [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 160,922 | 179,908 |
Gross Unrealized Gains | 642 | 4,132 |
Gross Unrealized Losses | 328 | 4 |
Fair Value | 161,236 | 184,036 |
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 | 159,193 | 163,402 |
Gross Unrealized Gains | 992 | 7,836 |
Gross Unrealized Losses | 240 | |
Fair Value | 159,945 | 171,238 |
Commercial Pass-Through Securities [Member] | Government National Mortgage Association [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Securities held to maturity | 4,981 | 7,756 |
Gross Unrealized Gains | 22 | |
Gross Unrealized Losses | 22 | |
Fair Value | 4,959 | 7,778 |
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 | 154,212 | 155,646 |
Gross Unrealized Gains | 992 | 7,814 |
Gross Unrealized Losses | 218 | |
Fair Value | $ 154,986 | $ 163,460 |
Securities Held to Maturity - S
Securities Held to Maturity - Stratification by Contractual Maturity of Securities (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Amortized Cost | $ 137,681 | $ 167,171 |
Held-to-maturity Securities, Fair Value Total | 136,730 | 169,794 |
Debt Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Due in one year or less, Amortized Cost | 39,284 | |
Due after one year through five years, Amortized Cost | 18,834 | |
Due after five years through ten years, Amortized Cost | 68,012 | |
Due after ten years, Amortized Cost | 11,551 | |
Amortized Cost | 137,681 | 167,171 |
Due in one year or less, Fair Value | 39,242 | |
Due after one year through five years, Fair Value | 18,634 | |
Due after five years through ten years, Fair Value | 67,425 | |
Due after ten years, Fair Value | 11,429 | |
Held-to-maturity Securities, Fair Value Total | $ 136,730 | $ 169,794 |
Securities Held to Maturity -43
Securities Held to Maturity - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Jun. 30, 2016 | |
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 | 7,000,000 | 7,000,000 | $ 7,500,000 | ||
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 | $ 124,800,000 | $ 124,800,000 | $ 148,800,000 |
Impairment of Securities - Sche
Impairment of Securities - Schedule of Fair Values and Gross Unrealized Losses on Investments (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | $ 227,574 | $ 83,401 |
Less than 12 Months: Unrealized Losses | 5,466 | 2,909 |
12 Months or More: Fair Value | 249,294 | 268,468 |
12 Months or More: Unrealized Losses | 9,157 | 10,520 |
Total: Fair Value | 476,868 | 351,869 |
Total: Unrealized Losses | 14,623 | 13,429 |
Debt Securities [Member] | Trust Preferred Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
12 Months or More: Fair Value | 7,101 | 6,644 |
12 Months or More: Unrealized Losses | 807 | 1,260 |
Total: Fair Value | 7,101 | 6,644 |
Total: Unrealized Losses | 807 | 1,260 |
Debt Securities [Member] | U.S. Agency Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 2,064 | |
Less than 12 Months: Unrealized Losses | 4 | |
12 Months or More: Fair Value | 1,927 | 2,053 |
12 Months or More: Unrealized Losses | 14 | 13 |
Total: Fair Value | 3,991 | 2,053 |
Total: Unrealized Losses | 18 | 13 |
Debt Securities [Member] | Obligations of State and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 19,776 | |
Less than 12 Months: Unrealized Losses | 424 | |
Total: Fair Value | 19,776 | |
Total: Unrealized Losses | 424 | |
Debt Securities [Member] | Asset-backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 31,481 | 45,564 |
Less than 12 Months: Unrealized Losses | 744 | 2,726 |
12 Months or More: Fair Value | 60,594 | 37,061 |
12 Months or More: Unrealized Losses | 2,694 | 2,395 |
Total: Fair Value | 92,075 | 82,625 |
Total: Unrealized Losses | 3,438 | 5,121 |
Debt Securities [Member] | Collateralized Loan Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 19,917 | 18,227 |
Less than 12 Months: Unrealized Losses | 10 | 119 |
12 Months or More: Fair Value | 59,576 | 98,743 |
12 Months or More: Unrealized Losses | 382 | 1,195 |
Total: Fair Value | 79,493 | 116,970 |
Total: Unrealized Losses | 392 | 1,314 |
Debt Securities [Member] | Corporate Bonds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 18,938 | |
Less than 12 Months: Unrealized Losses | 61 | |
12 Months or More: Fair Value | 110,163 | 113,482 |
12 Months or More: Unrealized Losses | 4,868 | 5,569 |
Total: Fair Value | 110,163 | 132,420 |
Total: Unrealized Losses | 4,868 | 5,630 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 36,860 | 672 |
Less than 12 Months: Unrealized Losses | 858 | 3 |
12 Months or More: Fair Value | 9,933 | 10,485 |
12 Months or More: Unrealized Losses | 392 | 88 |
Total: Fair Value | 46,793 | 11,157 |
Total: Unrealized Losses | 1,250 | $ 91 |
Residential Pass-Through Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 Months: Fair Value | 117,476 | |
Less than 12 Months: Unrealized Losses | 3,426 | |
Total: Fair Value | 117,476 | |
Total: Unrealized Losses | $ 3,426 |
Impairment of Securities - Addi
Impairment of Securities - Additional Information (Detail) | Dec. 31, 2016USD ($)Security | Jun. 30, 2016USD ($)Security |
Schedule Of Investments [Line Items] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 132 | 52 |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 198 | 13 |
Credit-related OTTI securities | $ | $ 0 | $ 0 |
Collateralized Loan Obligations [Member] | ||
Schedule Of Investments [Line Items] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 12 | 18 |
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 |
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 | 9 | 8 |
Debt Securities [Member] | Corporate Bonds [Member] | ||
Schedule Of Investments [Line Items] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 9 | 14 |
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 | 7 | 5 |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 2 | 1 |
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 | 52 | |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 145 | 7 |
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 | 10 | 3 |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 8 | 4 |
Residential Pass-Through Securities [Member] | ||
Schedule Of Investments [Line Items] | ||
Available-for-sale, securities in unrealized loss positions, qualitative disclosure, number of positions | 29 | |
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 36 | 1 |
Commercial Pass-Through Securities [Member] | ||
Schedule Of Investments [Line Items] | ||
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | 7 |
Impairment of Securities - Sc46
Impairment of Securities - Schedule of Temporary Impairment Losses, Investments (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Less than 12 Months: Fair Value | $ 273,057 | $ 1,904 |
Less than 12 Months: Unrealized Losses | 2,347 | 5 |
12 Months or More: Fair Value | 12,364 | 12,727 |
12 Months or More: Unrealized Losses | 90 | 10 |
Total: Fair Value | 285,421 | 14,631 |
Total: Unrealized Losses | 2,437 | 15 |
Debt Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Total: Unrealized Losses | 1,038 | 10 |
Debt Securities [Member] | U.S. Agency Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Less than 12 Months: Fair Value | 24,976 | |
Less than 12 Months: Unrealized Losses | 24 | |
12 Months or More: Fair Value | 9,983 | 10,000 |
12 Months or More: Unrealized Losses | 17 | 1 |
Total: Fair Value | 34,959 | 10,000 |
Total: Unrealized Losses | 41 | 1 |
Debt Securities [Member] | Obligations of State and Political Subdivisions [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Less than 12 Months: Fair Value | 66,782 | 1,904 |
Less than 12 Months: Unrealized Losses | 984 | 5 |
12 Months or More: Fair Value | 403 | 669 |
12 Months or More: Unrealized Losses | 13 | 4 |
Total: Fair Value | 67,185 | 2,573 |
Total: Unrealized Losses | 997 | 9 |
Collateralized Mortgage Obligations Excluding Pass Through Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Less than 12 Months: Fair Value | 19,881 | |
Less than 12 Months: Unrealized Losses | 439 | |
12 Months or More: Fair Value | 27 | 32 |
12 Months or More: Unrealized Losses | 1 | 1 |
Total: Fair Value | 19,908 | 32 |
Total: Unrealized Losses | 440 | 1 |
Residential Pass-Through Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Less than 12 Months: Fair Value | 134,611 | |
Less than 12 Months: Unrealized Losses | 660 | |
12 Months or More: Fair Value | 1,951 | 2,026 |
12 Months or More: Unrealized Losses | 59 | 4 |
Total: Fair Value | 136,562 | 2,026 |
Total: Unrealized Losses | 719 | $ 4 |
Commercial Pass-Through Securities [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Less than 12 Months: Fair Value | 26,807 | |
Less than 12 Months: Unrealized Losses | 240 | |
Total: Fair Value | 26,807 | |
Total: Unrealized Losses | $ 240 |
Loan Quality and Allowance fo47
Loan Quality and Allowance for Loan Losses - Additional Information (Detail) | Dec. 31, 2016USD ($)PropertyLoan | Jun. 30, 2016USD ($) |
Financing Receivable, Recorded Investment [Line Items] | ||
Unpaid principal balance of impaired loans | $ 32,329,000 | $ 32,388,000 |
Financing receivable, allowance for credit losses, individually evaluated for impairment | 133,000 | 595,000 |
Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Unpaid principal balance of impaired loans | 16,567,000 | 16,571,000 |
Financing receivable, allowance for credit losses, individually evaluated for impairment | $ 45,000 | 77,000 |
Number of loans in process of foreclosure | Loan | 20 | |
Mortgage loans in process of foreclosure, carrying value | $ 4,500,000 | |
Residential Mortgage [Member] | Single-family Property [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Aggregate carrying value of real estate | $ 830,000 | |
Residential Mortgage [Member] | Real Estate Acquired in Satisfaction of Debt [Member] | Single-family Property [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Number of properties held | Property | 2 | |
Loans Acquired at Fair Value [Member] | Uncertain Cash Flow [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing receivable, recorded investment, nonaccrual status | $ 388,000 | 436,000 |
Financing receivable, allowance for credit losses, individually evaluated for impairment | 0 | 13,000 |
Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans acquired with deteriorated credit quality | 1,112,000 | 1,168,000 |
Receivables Acquired with Deteriorated Credit Quality [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans acquired with deteriorated credit quality | 101,000 | 104,000 |
Nonperforming Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing receivable, recorded investment, nonaccrual status | 21,473,000 | 21,017,000 |
Nonperforming Financing Receivable [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing receivable, recorded investment, nonaccrual status | 11,231,000 | 10,732,000 |
Nonperforming Financing Receivable [Member] | Loans Acquired at Fair Value [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Unpaid principal balance of impaired loans | 1,112,000 | 1,168,000 |
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 | $ 1,445,000 | $ 1,605,000 |
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 | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Receivables [Abstract] | ||||
Beginning balance | $ 314 | $ 1,084 | $ 335 | $ 1,189 |
Accretion to interest income | (2) | (214) | (4) | (319) |
Disposals | (26) | (19) | (26) | |
Ending balance | $ 312 | $ 844 | $ 312 | $ 844 |
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 | 6 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Jun. 30, 2016 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | $ 25,003 | $ 17,690 | $ 24,229 | $ 15,606 | |
Allowance, Loans individually evaluated for impairment | 133 | 133 | $ 595 | ||
Allowance, Loans collectively evaluated for impairment | 25,927 | 25,927 | 23,621 | ||
Allowance | 26,060 | 20,514 | 26,060 | 20,514 | |
Loans individually evaluated for impairment | 23,840 | 23,840 | 23,968 | ||
Loans collectively evaluated for impairment | 2,945,690 | 2,945,690 | 2,646,245 | ||
Loans and Leases Receivable, Gross | 2,970,642 | 2,970,642 | 2,671,381 | ||
Loans receivable, unamortized yield adjustments | 3,289 | 3,289 | 2,606 | ||
Loans receivable | 2,973,931 | 2,973,931 | 2,673,987 | ||
Total charge offs | (393) | (1,299) | (767) | (1,957) | |
Total recoveries | 195 | 709 | 214 | 810 | |
Total provision (reversal) for Loan Losses | 1,255 | 3,414 | 2,384 | 6,055 | |
Residential Mortgage [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 2,806 | 2,469 | 2,370 | 2,210 | |
Allowance, Loans individually evaluated for impairment | 45 | 45 | 77 | ||
Allowance, Loans collectively evaluated for impairment | 2,385 | 2,385 | 2,293 | ||
Allowance | 2,430 | 2,398 | 2,430 | 2,398 | |
Loans individually evaluated for impairment | 13,061 | 13,061 | 12,806 | ||
Loans collectively evaluated for impairment | 549,304 | 549,304 | 592,293 | ||
Loans and Leases Receivable, Gross | 562,466 | 562,466 | 605,203 | ||
Total charge offs | (41) | (615) | (64) | (1,153) | |
Total recoveries | 182 | 9 | 182 | 9 | |
Total provision (reversal) for Loan Losses | (517) | 535 | (58) | 1,332 | |
Non-Residential Mortgage [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 8,316 | 6,326 | 7,846 | 4,766 | |
Allowance, Loans individually evaluated for impairment | 23 | 23 | 53 | ||
Allowance, Loans collectively evaluated for impairment | 8,332 | 8,332 | 7,793 | ||
Allowance | 8,355 | 6,939 | 8,355 | 6,939 | |
Loans individually evaluated for impairment | 5,855 | 5,855 | 6,773 | ||
Loans collectively evaluated for impairment | 926,465 | 926,465 | 813,596 | ||
Loans and Leases Receivable, Gross | 932,616 | 932,616 | 820,673 | ||
Total charge offs | (37) | (97) | (78) | (97) | |
Total provision (reversal) for Loan Losses | 76 | 710 | 587 | 2,270 | |
Construction [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 39 | 29 | 24 | 34 | |
Allowance, Loans collectively evaluated for impairment | 29 | 29 | 24 | ||
Allowance | 29 | 35 | 29 | 35 | |
Loans individually evaluated for impairment | 259 | 259 | 357 | ||
Loans collectively evaluated for impairment | 668 | 668 | 1,681 | ||
Loans and Leases Receivable, Gross | 927 | 927 | 2,038 | ||
Total provision (reversal) for Loan Losses | (10) | 6 | 5 | 1 | |
Commercial Business [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 2,319 | 1,578 | 2,784 | 1,860 | |
Allowance, Loans individually evaluated for impairment | 8 | 8 | 387 | ||
Allowance, Loans collectively evaluated for impairment | 1,771 | 1,771 | 2,384 | ||
Allowance | 1,779 | 1,941 | 1,779 | 1,941 | |
Loans individually evaluated for impairment | 2,444 | 2,444 | 1,647 | ||
Loans collectively evaluated for impairment | 72,481 | 72,481 | 85,800 | ||
Loans and Leases Receivable, Gross | 75,640 | 75,640 | 88,207 | ||
Total charge offs | (548) | (194) | (644) | ||
Total recoveries | 1 | 700 | 16 | 759 | |
Total provision (reversal) for Loan Losses | (541) | 211 | (827) | (34) | |
Other Consumer [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 720 | 27 | 778 | 16 | |
Allowance, Loans collectively evaluated for impairment | 685 | 685 | 778 | ||
Allowance | 685 | 287 | 685 | 287 | |
Loans collectively evaluated for impairment | 20,481 | 20,481 | 25,401 | ||
Loans and Leases Receivable, Gross | 20,481 | 20,481 | 25,401 | ||
Total charge offs | (241) | (3) | (336) | (3) | |
Total recoveries | 11 | 15 | 1 | ||
Total provision (reversal) for Loan Losses | 195 | 263 | 228 | 273 | |
Multi-Family Mortgage [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 10,269 | 6,855 | 9,995 | 6,354 | |
Allowance, Loans collectively evaluated for impairment | 12,226 | 12,226 | 9,995 | ||
Allowance | 12,226 | 8,513 | 12,226 | 8,513 | |
Loans individually evaluated for impairment | 181 | 181 | 205 | ||
Loans collectively evaluated for impairment | 1,295,026 | 1,295,026 | 1,040,088 | ||
Loans and Leases Receivable, Gross | 1,295,207 | 1,295,207 | 1,040,293 | ||
Total provision (reversal) for Loan Losses | 1,957 | 1,658 | 2,231 | 2,159 | |
Home Equity Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance | 534 | 406 | 432 | 366 | |
Allowance, Loans individually evaluated for impairment | 57 | 57 | 78 | ||
Allowance, Loans collectively evaluated for impairment | 499 | 499 | 354 | ||
Allowance | 556 | 401 | 556 | 401 | |
Loans individually evaluated for impairment | 2,040 | 2,040 | 2,180 | ||
Loans collectively evaluated for impairment | 81,265 | 81,265 | 87,386 | ||
Loans and Leases Receivable, Gross | 83,305 | 83,305 | 89,566 | ||
Total charge offs | (74) | (36) | (95) | (60) | |
Total recoveries | 1 | 1 | 41 | ||
Total provision (reversal) for Loan Losses | 95 | $ 31 | 218 | $ 54 | |
Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Loans acquired with deteriorated credit quality | 13 | ||||
Loans acquired with deteriorated credit quality | 1,112 | 1,112 | 1,168 | ||
Receivables Acquired with Deteriorated Credit Quality [Member] | Residential Mortgage [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Loans acquired with deteriorated credit quality | 101 | 101 | 104 | ||
Receivables Acquired with Deteriorated Credit Quality [Member] | Non-Residential Mortgage [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Loans acquired with deteriorated credit quality | 296 | 296 | 304 | ||
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Business [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Loans acquired with deteriorated credit quality | 13 | ||||
Loans acquired with deteriorated credit quality | $ 715 | $ 715 | $ 760 |
Loan Quality and Allowance fo50
Loan Quality and Allowance for Loan Losses - Credit-Rating Classification of Loans Receivable (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | $ 2,970,642 | $ 2,671,381 |
Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 562,466 | 605,203 |
Non-Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 932,616 | 820,673 |
Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 927 | 2,038 |
Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 75,640 | 88,207 |
Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 20,481 | 25,401 |
Multi-Family Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1,295,207 | 1,040,293 |
Non-Classified [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 2,935,068 | 2,635,799 |
Non-Classified [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 545,574 | 588,992 |
Non-Classified [Member] | Non-Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 924,495 | 811,621 |
Non-Classified [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1,063 | |
Non-Classified [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 69,220 | 81,902 |
Non-Classified [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 20,273 | 25,298 |
Non-Classified [Member] | Multi-Family Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 1,295,026 | 1,040,088 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 2,174 | 2,528 |
Special Mention [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 948 | 859 |
Special Mention [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 668 | 618 |
Special Mention [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 54 | 681 |
Special Mention [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 112 | 61 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 33,397 | 33,052 |
Substandard [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 15,944 | 15,352 |
Substandard [Member] | Non-Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 8,121 | 9,052 |
Substandard [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 259 | 357 |
Substandard [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 6,366 | 5,624 |
Substandard [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 93 | 40 |
Substandard [Member] | Multi-Family Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 181 | 205 |
Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 3 | 2 |
Doubtful [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 3 | 2 |
Total Classified Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 35,574 | 35,582 |
Total Classified Loans [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 16,892 | 16,211 |
Total Classified Loans [Member] | Non-Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 8,121 | 9,052 |
Total Classified Loans [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 927 | 975 |
Total Classified Loans [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 6,420 | 6,305 |
Total Classified Loans [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 208 | 103 |
Total Classified Loans [Member] | Multi-Family Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 181 | 205 |
Home Equity Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 83,305 | 89,566 |
Home Equity Loans [Member] | Non-Classified [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 80,480 | 86,835 |
Home Equity Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 392 | 309 |
Home Equity Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | 2,433 | 2,422 |
Home Equity Loans [Member] | Total Classified Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans and Leases Receivable, Gross | $ 2,825 | $ 2,731 |
Loan Quality and Allowance fo51
Loan Quality and Allowance for Loan Losses - Contractual Payment Status of Loans Receivable (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | $ 2,954,742 | $ 2,657,347 |
Total past due | 15,900 | 14,034 |
Loans and Leases Receivable, Gross | 2,970,642 | 2,671,381 |
Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 553,429 | 596,548 |
Total past due | 9,037 | 8,655 |
Loans and Leases Receivable, Gross | 562,466 | 605,203 |
Non-Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 930,097 | 817,539 |
Total past due | 2,519 | 3,134 |
Loans and Leases Receivable, Gross | 932,616 | 820,673 |
Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 319 | 1,681 |
Total past due | 608 | 357 |
Loans and Leases Receivable, Gross | 927 | 2,038 |
Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 73,234 | 87,328 |
Total past due | 2,406 | 879 |
Loans and Leases Receivable, Gross | 75,640 | 88,207 |
Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 20,170 | 25,301 |
Total past due | 311 | 100 |
Loans and Leases Receivable, Gross | 20,481 | 25,401 |
Multi-Family Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 1,295,207 | 1,040,293 |
Loans and Leases Receivable, Gross | 1,295,207 | 1,040,293 |
Past due: 30-59 days [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 2,843 | 2,049 |
Past due: 30-59 days [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 802 | 1,524 |
Past due: 30-59 days [Member] | Non-Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 40 | |
Past due: 30-59 days [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 349 | |
Past due: 30-59 days [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 719 | |
Past due: 30-59 days [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 110 | 22 |
Past due: 60-89 days [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 1,478 | 1,842 |
Past due: 60-89 days [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 939 | 940 |
Past due: 60-89 days [Member] | Non-Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 340 | 376 |
Past due: 60-89 days [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 7 | 411 |
Past due: 60-89 days [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 109 | 40 |
Past due: 90+ days [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 11,579 | 10,143 |
Past due: 90+ days [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 7,296 | 6,191 |
Past due: 90+ days [Member] | Non-Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 2,139 | 2,758 |
Past due: 90+ days [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 259 | 357 |
Past due: 90+ days [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 1,680 | 468 |
Past due: 90+ days [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 92 | 38 |
Home Equity Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 82,286 | 88,657 |
Total past due | 1,019 | 909 |
Loans and Leases Receivable, Gross | 83,305 | 89,566 |
Home Equity Loans [Member] | Past due: 30-59 days [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 823 | 503 |
Home Equity Loans [Member] | Past due: 60-89 days [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | 83 | 75 |
Home Equity Loans [Member] | Past due: 90+ days [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total past due | $ 113 | $ 331 |
Loan Quality and Allowance fo52
Loan Quality and Allowance for Loan Losses - Performance Status of Loans Receivable (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | $ 2,970,642 | $ 2,671,381 |
Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 562,466 | 605,203 |
Non-Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 932,616 | 820,673 |
Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 927 | 2,038 |
Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 75,640 | 88,207 |
Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 20,481 | 25,401 |
Multi-Family Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 1,295,207 | 1,040,293 |
Performing Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 2,949,077 | 2,650,326 |
Performing Financing Receivable [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 551,235 | 594,471 |
Performing Financing Receivable [Member] | Non-Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 926,787 | 814,085 |
Performing Financing Receivable [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 668 | 1,681 |
Performing Financing Receivable [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 72,920 | 86,242 |
Performing Financing Receivable [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 20,389 | 25,363 |
Performing Financing Receivable [Member] | Multi-Family Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 1,295,026 | 1,040,088 |
Nonperforming Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
90+ days past due accruing | 92 | 38 |
Nonaccrual | 21,473 | 21,017 |
Total nonperforming | 21,565 | 21,055 |
Nonperforming Financing Receivable [Member] | Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 11,231 | 10,732 |
Total nonperforming | 11,231 | 10,732 |
Nonperforming Financing Receivable [Member] | Non-Residential Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 5,829 | 6,588 |
Total nonperforming | 5,829 | 6,588 |
Nonperforming Financing Receivable [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 259 | 357 |
Total nonperforming | 259 | 357 |
Nonperforming Financing Receivable [Member] | Commercial Business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 2,720 | 1,965 |
Total nonperforming | 2,720 | 1,965 |
Nonperforming Financing Receivable [Member] | Other Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
90+ days past due accruing | 92 | 38 |
Total nonperforming | 92 | 38 |
Nonperforming Financing Receivable [Member] | Multi-Family Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 181 | 205 |
Total nonperforming | 181 | 205 |
Home Equity Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 83,305 | 89,566 |
Home Equity Loans [Member] | Performing Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Gross | 82,052 | 88,396 |
Home Equity Loans [Member] | Nonperforming Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual | 1,253 | 1,170 |
Total nonperforming | $ 1,253 | $ 1,170 |
Loan Quality and Allowance fo53
Loan Quality and Allowance for Loan Losses - Impairment Status of Loans Receivable (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Jun. 30, 2016 | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | $ 2,945,690 | $ 2,945,690 | $ 2,646,245 | ||
Impaired loans with no allowance for impairment | 23,815 | 23,815 | 21,912 | ||
Recorded investment | 1,137 | 1,137 | 3,224 | ||
Allowance for impairment | (133) | (133) | (608) | ||
Balance of impaired loans net of allowance for impairment | 1,004 | 1,004 | 2,616 | ||
Total impaired loans, excluding allowance for impairment: | 24,952 | 24,952 | 25,136 | ||
Loans and Leases Receivable, Gross | 2,970,642 | 2,970,642 | 2,671,381 | ||
Unpaid principal balance of impaired loans | 32,329 | 32,329 | 32,388 | ||
Average balance of impaired loans | 25,291 | $ 32,849 | 25,444 | $ 32,931 | |
Interest earned on impaired loans | 47 | 258 | 98 | 559 | |
Residential Mortgage [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 549,304 | 549,304 | 592,293 | ||
Impaired loans with no allowance for impairment | 12,332 | 12,332 | 10,876 | ||
Recorded investment | 830 | 830 | 2,034 | ||
Allowance for impairment | (45) | (45) | (77) | ||
Balance of impaired loans net of allowance for impairment | 785 | 785 | 1,957 | ||
Total impaired loans, excluding allowance for impairment: | 13,162 | 13,162 | 12,910 | ||
Loans and Leases Receivable, Gross | 562,466 | 562,466 | 605,203 | ||
Unpaid principal balance of impaired loans | 16,567 | 16,567 | 16,571 | ||
Average balance of impaired loans | 13,262 | 12,608 | 13,140 | 11,485 | |
Interest earned on impaired loans | 28 | 33 | 49 | 101 | |
Non-Residential Mortgage [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 926,465 | 926,465 | 813,596 | ||
Impaired loans with no allowance for impairment | 5,931 | 5,931 | 6,473 | ||
Recorded investment | 220 | 220 | 604 | ||
Allowance for impairment | (23) | (23) | (53) | ||
Balance of impaired loans net of allowance for impairment | 197 | 197 | 551 | ||
Total impaired loans, excluding allowance for impairment: | 6,151 | 6,151 | 7,077 | ||
Loans and Leases Receivable, Gross | 932,616 | 932,616 | 820,673 | ||
Unpaid principal balance of impaired loans | 7,506 | 7,506 | 8,269 | ||
Average balance of impaired loans | 6,263 | 7,756 | 6,515 | 7,633 | |
Interest earned on impaired loans | 7 | 11 | 19 | 21 | |
Construction [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 668 | 668 | 1,681 | ||
Impaired loans with no allowance for impairment | 259 | 259 | 357 | ||
Total impaired loans, excluding allowance for impairment: | 259 | 259 | 357 | ||
Loans and Leases Receivable, Gross | 927 | 927 | 2,038 | ||
Unpaid principal balance of impaired loans | 365 | 365 | 458 | ||
Average balance of impaired loans | 282 | 809 | 313 | 1,332 | |
Commercial Business [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 72,481 | 72,481 | 85,800 | ||
Impaired loans with no allowance for impairment | 3,148 | 3,148 | 1,900 | ||
Recorded investment | 11 | 11 | 507 | ||
Allowance for impairment | (8) | (8) | (400) | ||
Balance of impaired loans net of allowance for impairment | 3 | 3 | 107 | ||
Total impaired loans, excluding allowance for impairment: | 3,159 | 3,159 | 2,407 | ||
Loans and Leases Receivable, Gross | 75,640 | 75,640 | 88,207 | ||
Unpaid principal balance of impaired loans | 4,596 | 4,596 | 3,736 | ||
Average balance of impaired loans | 3,225 | 8,952 | 3,166 | 9,659 | |
Interest earned on impaired loans | 2 | 204 | 6 | 421 | |
Other Consumer [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 20,481 | 20,481 | 25,401 | ||
Loans and Leases Receivable, Gross | 20,481 | 20,481 | 25,401 | ||
Multi-Family Mortgage [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 1,295,026 | 1,295,026 | 1,040,088 | ||
Impaired loans with no allowance for impairment | 181 | 181 | 205 | ||
Total impaired loans, excluding allowance for impairment: | 181 | 181 | 205 | ||
Loans and Leases Receivable, Gross | 1,295,207 | 1,295,207 | 1,040,293 | ||
Unpaid principal balance of impaired loans | 837 | 837 | 849 | ||
Average balance of impaired loans | 187 | 319 | 193 | 378 | |
Home Equity Loans [Member] | |||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||||
Non-impaired loans | 81,265 | 81,265 | 87,386 | ||
Impaired loans with no allowance for impairment | 1,964 | 1,964 | 2,101 | ||
Recorded investment | 76 | 76 | 79 | ||
Allowance for impairment | (57) | (57) | (78) | ||
Balance of impaired loans net of allowance for impairment | 19 | 19 | 1 | ||
Total impaired loans, excluding allowance for impairment: | 2,040 | 2,040 | 2,180 | ||
Loans and Leases Receivable, Gross | 83,305 | 83,305 | 89,566 | ||
Unpaid principal balance of impaired loans | 2,458 | 2,458 | $ 2,505 | ||
Average balance of impaired loans | 2,072 | 2,405 | 2,117 | 2,444 | |
Interest earned on impaired loans | $ 10 | $ 10 | $ 24 | $ 16 |
Loan Quality and Allowance fo54
Loan Quality and Allowance for Loan Losses - Troubled Debt Restructurings of Loans Receivable (Detail) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2016USD ($)Loan | Dec. 31, 2015USD ($)Loan | Dec. 31, 2016USD ($)Loan | Dec. 31, 2015USD ($)Loan | |
Financing Receivable, Modifications [Line Items] | ||||
Number of loans | Loan | 2 | 3 | 4 | 8 |
Pre-modification outstanding recorded investment | $ 284 | $ 514 | $ 712 | $ 3,492 |
Post-modification outstanding recorded investment | 281 | 441 | 688 | 3,162 |
Charge offs against the allowance for loan loss recognized at modification | $ 23 | $ 85 | $ 53 | $ 316 |
Residential Mortgage [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of loans | Loan | 1 | 1 | 1 | 3 |
Pre-modification outstanding recorded investment | $ 197 | $ 404 | $ 197 | $ 1,097 |
Post-modification outstanding recorded investment | 186 | 354 | 186 | 785 |
Charge offs against the allowance for loan loss recognized at modification | $ 14 | $ 61 | $ 14 | $ 292 |
Non-Residential Mortgage [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of loans | Loan | 1 | 3 | ||
Pre-modification outstanding recorded investment | $ 244 | $ 2,285 | ||
Post-modification outstanding recorded investment | 223 | $ 2,290 | ||
Charge offs against the allowance for loan loss recognized at modification | $ 27 | |||
Home Equity Loans [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of loans | Loan | 1 | 2 | 2 | 2 |
Pre-modification outstanding recorded investment | $ 87 | $ 110 | $ 271 | $ 110 |
Post-modification outstanding recorded investment | 95 | 87 | 279 | 87 |
Charge offs against the allowance for loan loss recognized at modification | $ 9 | $ 24 | $ 12 | $ 24 |
Borrowings - Schedule of Fixed
Borrowings - Schedule of Fixed Rate Advances from FHLB (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 |
Debt Instrument [Line Items] | ||
Federal Home Loan Bank Advances Maturities Summary Due In Remainder Of Fiscal Year | $ 515,000 | $ 428,000 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Year Two | 5,225 | 5,225 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Year Five | 521 | 572 |
Federal Home Loan Bank, Advances, Maturities Summary, Due in Year Seven | 145,000 | 145,000 |
Federal Home Loan Bank, Advances, Total | 665,746 | 578,797 |
Federal Home Loan Bank, Advances, Fair Value Adjustments | (4) | (9) |
Total Federal Home Loan Bank, Advances, After Fair Value Adjustments | $ 665,742 | $ 578,788 |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due within One Year of Balance Sheet Date | 0.66% | 0.69% |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate, One to Two Years from Balance Sheet Date | 1.18% | 1.18% |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate, Four to Five Years from Balance Sheet Date | 4.94% | 4.94% |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate, Six to Seven Years From Balance Sheet Date | 3.04% | 3.04% |
Weighted Average Interest Rate [Member] | ||
Debt Instrument [Line Items] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Weighted Average Interest Rate | 1.19% | 1.29% |
Borrowings - Additional Informa
Borrowings - Additional Information (Detail) - USD ($) $ in Millions | Dec. 31, 2016 | Jun. 30, 2016 |
Debt Instrument [Line Items] | ||
Federal Home Loan Bank, advances, maturities summary, due in next twelve months | $ 515 | |
Federal Home Loan Bank, advances, maturities summary, due from after one year of balance sheet date | 150.7 | |
Federal Home Loan Bank, advances, callable in April 2018 | 145 | |
Other borrowings, sweep accounts | 36.1 | $ 35.6 |
Mortgage-Backed Securities [Member] | ||
Debt Instrument [Line Items] | ||
Federal Home Loan Bank, advances, general debt obligations, disclosures, collateral pledged | 163.2 | 193.8 |
Investment in Federal Home Loan Bank Stock [Member] | ||
Debt Instrument [Line Items] | ||
Federal Home Loan Bank, advances, general debt obligations, disclosures, collateral pledged | $ 1,500 | $ 970.5 |
Derivative Instruments and He57
Derivative Instruments and Hedging Activities - Schedule of Interest Rate Derivatives (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Jun. 30, 2016 | |
Derivative [Line Items] | |||||
Fair Value | $ 9,442 | $ 9,442 | $ (19,257) | ||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | 14,051 | $ 4,008 | 17,212 | $ (423) | |
Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 1,065,000 | 1,065,000 | |||
Fair Value | 9,442 | $ 9,442 | |||
Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 625,000 | ||||
Fair Value | $ (19,257) | ||||
Interest Rate Swap 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) | 660 | 846 | $ 1,154 | 112 | |
Interest Rate Swap Effective July 1, 2013 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 165,000 | 165,000 | |||
Fair Value | (329) | $ (329) | |||
Interest Rate Swap Effective July 1, 2013 [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | $ 165,000 | ||||
Fair Value | $ (2,280) | ||||
Interest Rate Swap 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) | 345 | 483 | $ 658 | 129 | |
Interest Rate Swap Effective August 19, 2013 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 75,000 | 75,000 | |||
Fair Value | (515) | $ (515) | |||
Interest Rate Swap Effective August 19, 2013 [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | $ 75,000 | ||||
Fair Value | $ (1,627) | ||||
Interest Rate Swap 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) | 246 | 322 | $ 449 | 47 | |
Interest Rate Swap Effective October 9, 2013 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 50,000 | 50,000 | |||
Fair Value | (152) | $ (152) | |||
Interest Rate Swap Effective October 9, 2013 [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | $ 50,000 | ||||
Fair Value | $ (911) | ||||
Interest Rate Swap 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) | 569 | 578 | $ 966 | 75 | |
Interest Rate Swap Effective March 28, 2014 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 75,000 | 75,000 | |||
Fair Value | (732) | $ (732) | |||
Interest Rate Swap Effective March 28, 2014 [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | $ 75,000 | ||||
Fair Value | $ (2,364) | ||||
Interest Rate Swap 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) | 876 | 555 | $ 1,296 | (80) | |
Interest Rate Swap Effective June 5, 2015 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 60,000 | 60,000 | |||
Fair Value | (1,221) | $ (1,221) | |||
Interest Rate Swap Effective June 5, 2015 [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | $ 60,000 | ||||
Fair Value | $ (3,412) | ||||
Interest Rate Swap 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) | 789 | 479 | $ 1,154 | (116) | |
Interest Rate Swap Effective July 28, 2015 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 50,000 | 50,000 | |||
Fair Value | (1,291) | $ (1,291) | |||
Interest Rate Swap Effective July 28, 2015 [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | $ 50,000 | ||||
Fair Value | $ (3,243) | ||||
Interest Rate Swap 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) | 677 | 392 | $ 975 | (193) | |
Interest Rate Swap Effective September 28, 2015 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 40,000 | 40,000 | |||
Fair Value | (1,117) | $ (1,117) | |||
Interest Rate Swap Effective September 28, 2015 [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | $ 40,000 | ||||
Fair Value | $ (2,765) | ||||
Interest Rate Swap 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) | 653 | 239 | $ 919 | (307) | |
Interest Rate Swap Effective December 28, 2015 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 35,000 | 35,000 | |||
Fair Value | (1,161) | $ (1,161) | |||
Interest Rate Swap Effective December 28, 2015 [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | $ 35,000 | ||||
Fair Value | $ (2,715) | ||||
Interest Rate Swap Effective June 5, 2018 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Jun. 5, 2022 | ||||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | 856 | $ 814 | |||
Interest Rate Swap Effective June 5, 2018 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 40,000 | 40,000 | |||
Fair Value | 1,377 | $ 1,377 | |||
Interest Rate Swap Effective July 2, 2018 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Jul. 1, 2021 | ||||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | 3,162 | $ 3,777 | |||
Interest Rate Swap Effective July 2, 2018 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 200,000 | 200,000 | |||
Fair Value | 6,385 | $ 6,385 | |||
Interest Rate Swap Effective August 20, 2018 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Aug. 19, 2022 | ||||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | 1,627 | $ 1,566 | |||
Interest Rate Swap Effective August 20, 2018 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 75,000 | 75,000 | |||
Fair Value | 2,647 | $ 2,647 | |||
Interest Rate Swap Effective March 28, 2019 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Mar. 28, 2024 | ||||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | 2,066 | $ 1,911 | |||
Interest Rate Swap Effective March 28, 2019 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 75,000 | 75,000 | |||
Fair Value | 3,231 | $ 3,231 | |||
Interest Rate Swap Effective October 9, 2018 [Member] | |||||
Derivative [Line Items] | |||||
Expiration Date | Oct. 9, 2023 | ||||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | 1,364 | $ 1,283 | |||
Interest Rate Swap Effective October 9, 2018 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 50,000 | 50,000 | |||
Fair Value | 2,169 | $ 2,169 | |||
Interest Rate Cap 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) | 79 | 50 | $ 140 | (44) | |
Interest Rate Cap Effective July 1, 2013 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 35,000 | 35,000 | |||
Fair Value | 68 | 68 | |||
Interest Rate Cap Effective July 1, 2013 [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | $ 35,000 | ||||
Fair Value | 27 | ||||
Interest Rate Swaps [Member] | |||||
Derivative [Line Items] | |||||
Fair Value | 9,291 | 9,291 | (19,317) | ||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | 13,890 | 3,894 | 16,922 | (333) | |
Interest Rate Swaps [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 990,000 | 990,000 | |||
Fair Value | 9,291 | $ 9,291 | |||
Interest Rate Swaps [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 550,000 | ||||
Fair Value | $ (19,317) | ||||
Interest Rate Cap 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) | 82 | 64 | $ 150 | (46) | |
Interest Rate Cap Effective June 5, 2013 [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 40,000 | 40,000 | |||
Fair Value | 83 | 83 | |||
Interest Rate Cap Effective June 5, 2013 [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | $ 40,000 | ||||
Fair Value | 33 | ||||
Interest Rate Caps [Member] | |||||
Derivative [Line Items] | |||||
Fair Value | 151 | 151 | 60 | ||
Amount of Gain (Loss) Recognized in OCI on Derivatives, net of Tax (Effective Portion) | 161 | $ 114 | 290 | $ (90) | |
Interest Rate Caps [Member] | Other Assets [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 75,000 | 75,000 | |||
Fair Value | $ 151 | $ 151 | |||
Interest Rate Caps [Member] | Other Liabilities [Member] | |||||
Derivative [Line Items] | |||||
Notional/Contract Amount | 75,000 | ||||
Fair Value | $ 60 |
Derivative Instruments and He58
Derivative Instruments and Hedging Activities - Additional Information (Detail) | Dec. 31, 2016USD ($)Derivative | Jun. 30, 2016USD ($)Derivative |
Derivative [Line Items] | ||
Estimated net fair value of derivatives | $ 9,442,000 | $ (19,257,000) |
Asset position | 16,000,000 | 60,000 |
Liability position | 6,500,000 | 19,300,000 |
Loan Origination Commitments [Member] | ||
Derivative [Line Items] | ||
Outstanding commitments to originate loans held-for-sale | 10,000,000 | 16,700,000 |
Counter Party [Member] | ||
Derivative [Line Items] | ||
Derivative asset, collateral, Obligation to return cash, offset | 10,300,000 | $ 19,700,000 |
Other Assets [Member] | ||
Derivative [Line Items] | ||
Estimated net fair value of derivatives | $ 9,442,000 | |
Number of interest rate derivative instruments held | Derivative | 7 | 2 |
Other Liabilities [Member] | ||
Derivative [Line Items] | ||
Estimated net fair value of derivatives | $ (19,257,000) | |
Number of interest rate derivative instruments held | Derivative | 8 | 8 |
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 | 6 Months Ended | ||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | |
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Service cost | $ 8 | $ 59 | $ 16 | $ 118 |
Interest cost | 95 | 121 | 190 | 242 |
Amortization of unrecognized past service liability | 9 | 18 | ||
Amortization of unrecognized loss | 16 | 9 | 32 | 18 |
Expected return on assets | (62) | (64) | (124) | (128) |
Net periodic benefit cost | $ 57 | $ 134 | $ 114 | $ 268 |
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 | Dec. 31, 2016 | Jun. 30, 2016 |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | $ 399,456 | $ 389,910 |
Mortgage-backed securities available for sale | 271,825 | 283,627 |
Securities available for sale | 671,281 | 673,537 |
Derivative instruments, Fair Value, Net | 9,442 | (19,257) |
Debt Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 399,456 | 389,910 |
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 | 5,809 | 6,440 |
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 | 27,090 | 28,398 |
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 | 121,445 | 82,625 |
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 | 98,447 | 127,374 |
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 | 138,564 | 137,404 |
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 | 8,101 | 7,669 |
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 | 52,333 | 60,577 |
Securities available for sale | 52,333 | 60,577 |
Residential Pass-Through Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Mortgage-backed securities available for sale | 211,258 | 214,526 |
Securities available for sale | 211,258 | 214,526 |
Commercial Pass-Through Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Mortgage-backed securities available for sale | 8,234 | 8,524 |
Securities available for sale | 8,234 | 8,524 |
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 | 398,456 | 389,910 |
Mortgage-backed securities available for sale | 271,825 | 283,627 |
Securities available for sale | 670,281 | 673,537 |
Derivative instruments, Fair Value, Net | 9,442 | (19,257) |
Significant Other Observable Inputs (Level 2) [Member] | 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 | 5,809 | 6,440 |
Significant Other Observable Inputs (Level 2) [Member] | 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 | 27,090 | 28,398 |
Significant Other Observable Inputs (Level 2) [Member] | 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 | 121,445 | 82,625 |
Significant Other Observable Inputs (Level 2) [Member] | 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 | 98,447 | 127,374 |
Significant Other Observable Inputs (Level 2) [Member] | 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 | 138,564 | 137,404 |
Significant Other Observable Inputs (Level 2) [Member] | 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 | 7,101 | 7,669 |
Significant Other Observable Inputs (Level 2) [Member] | 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 | 52,333 | 60,577 |
Significant Other Observable Inputs (Level 2) [Member] | Residential Pass-Through Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Mortgage-backed securities available for sale | 211,258 | 214,526 |
Significant Other Observable Inputs (Level 2) [Member] | Commercial Pass-Through Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Mortgage-backed securities available for sale | 8,234 | 8,524 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 1,000 | |
Securities available for sale | 1,000 | |
Significant Unobservable Inputs (Level 3) [Member] | 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 | 1,000 | |
Interest Rate Swaps [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Derivative instruments, Fair Value, Net | 9,291 | (19,317) |
Interest Rate Swaps [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Derivative instruments, Fair Value, Net | 9,291 | (19,317) |
Interest Rate Caps [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Derivative instruments, Fair Value, Net | 151 | 60 |
Interest Rate Caps [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Derivative instruments, Fair Value, Net | $ 151 | $ 60 |
Fair Value of Financial Instr61
Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) | Dec. 31, 2016 | Jun. 30, 2016 |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | $ 399,456,000 | $ 389,910,000 |
Financing receivable, allowance for credit losses, individually evaluated for impairment | 133,000 | 595,000 |
Loans and Leases Receivable, Gross | 2,912,793,000 | 2,652,736,000 |
Impaired Loans [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | 9,104,000 | 10,533,000 |
Real Estate Owned [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | 280,000 | |
Loan Origination Commitments [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Outstanding commitments to originate loans held-for-sale | 10,000,000 | 16,700,000 |
Debt Securities [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 399,456,000 | 389,910,000 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 1,000,000 | |
Loans and Leases Receivable, Gross | 2,912,793,000 | 2,652,736,000 |
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 | 9,104,000 | 10,533,000 |
Financing receivable, allowance for credit losses, individually evaluated for impairment | 133,000 | 608,000 |
Loans and Leases Receivable, Gross | 9,200,000 | 11,100,000 |
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 | 280,000 | |
Significant Unobservable Inputs (Level 3) [Member] | Debt Securities [Member] | One Trust Preferred Security [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 1,000,000 | |
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 | $ 398,456,000 | 389,910,000 |
Significant Other Observable Inputs (Level 2) [Member] | Debt Securities [Member] | One Trust Preferred Security [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | $ 1,000,000 |
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 | Dec. 31, 2016 | Jun. 30, 2016 |
Impaired Loans [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | $ 9,104 | $ 10,533 |
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 | $ 9,104 | 10,533 |
Real Estate Owned [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | 280 | |
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 | $ 280 |
Fair Value of Financial Instr63
Fair Value of Financial Instruments - Schedule of Quantitative Information about Level 3 Fair Value Measurements (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Dec. 31, 2016 | Jun. 30, 2016 | |
Impaired Loans [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | $ 9,104 | $ 10,533 |
Impaired Loans [Member] | Minimum [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] | Market Valuation of Underlying Collateral [Member] | Direct Disposal Costs [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Assets, Fair Value Disclosure, Non-recurring | $ 9,104 | $ 10,533 |
Valuation Techniques | Market valuation of underlying collateral | |
Unobservable Input | Direct disposal costs | |
Weighted Average | 8.95% | 9.45% |
Impaired Loans [Member] | Market Valuation of Underlying Collateral [Member] | Minimum [Member] | Direct Disposal Costs [Member] | ||
Fair Value Inputs Assets Quantitative Information [Line Items] | ||
Range | 6.00% | 6.00% |
Impaired Loans [Member] | Market Valuation of Underlying Collateral [Member] | Maximum [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 | $ 280 | |
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% |
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 | $ 280 | |
Weighted Average | 8.00% |
Fair Value of Financial Instr64
Fair Value of Financial Instruments - Schedule of Quantitative Information about Level 3 Fair Value Measurements (Parenthetical) (Detail) | 6 Months Ended | 12 Months Ended |
Dec. 31, 2016 | Jun. 30, 2016 | |
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 | Dec. 31, 2016 | Jun. 30, 2016 |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | $ 37,032 | $ 199,200 |
Securities available for sale, Fair value | 399,456 | 389,910 |
Mortgage-backed securities available for sale | 271,825 | 283,627 |
Debt securities held to maturity | 137,681 | 167,171 |
Mortgage-backed securities held to maturity, fair value disclosure | 380,401 | 422,690 |
Loans held-for-sale | 6,686 | 3,316 |
Net loans receivable | 2,912,793 | 2,652,736 |
FHLB Stock | 34,525 | 30,612 |
Interest receivable | 11,809 | 11,212 |
Deposits | 2,760,322 | 2,709,779 |
Borrowings | 720,148 | 634,855 |
Interest payable on borrowings | 1,382 | 1,226 |
Fair Value | 9,442 | (19,257) |
Securities held to maturity, estimated fair value | 136,730 | 169,794 |
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 | 37,032 | 199,200 |
Interest receivable | 11,809 | 11,212 |
Deposits | 1,528,180 | 1,487,408 |
Interest payable on borrowings | 1,382 | 1,226 |
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 | 398,456 | 389,910 |
Mortgage-backed securities available for sale | 271,825 | 283,627 |
Mortgage-backed securities held to maturity, fair value disclosure | 380,401 | 422,690 |
Loans held-for-sale | 6,686 | 3,316 |
Fair Value | 9,442 | (19,257) |
Securities held to maturity, estimated fair value | 136,730 | 169,794 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Securities available for sale, Fair value | 1,000 | |
Net loans receivable | 2,912,793 | 2,652,736 |
FHLB Stock | 34,525 | 30,612 |
Deposits | 1,232,142 | 1,222,371 |
Borrowings | 720,148 | 634,855 |
Carrying Amount [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 37,032 | 199,200 |
Securities available for sale, Fair value | 399,456 | 389,910 |
Mortgage-backed securities available for sale | 271,825 | 283,627 |
Debt securities held to maturity | 137,681 | 167,171 |
Mortgage-backed securities held to maturity, fair value disclosure | 380,138 | 410,115 |
Loans held-for-sale | 6,686 | 3,316 |
Net loans receivable | 2,947,871 | 2,649,758 |
FHLB Stock | 34,525 | 30,612 |
Interest receivable | 11,809 | 11,212 |
Deposits | 2,746,017 | 2,694,833 |
Borrowings | 701,849 | 614,423 |
Interest payable on borrowings | 1,382 | 1,226 |
Interest Rate Swaps [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair Value | 9,291 | (19,317) |
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 | 9,291 | (19,317) |
Interest Rate Swaps [Member] | Carrying Amount [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair Value | 9,291 | (19,317) |
Interest Rate Caps [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair Value | 151 | 60 |
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 | 151 | 60 |
Interest Rate Caps [Member] | Carrying Amount [Member] | ||
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] | ||
Fair Value | $ 151 | $ 60 |
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 | Dec. 31, 2016 | Jun. 30, 2016 |
Fair Value Disclosures [Abstract] | ||
Accrued interest payable on deposits | $ 157,000 | $ 146,000 |
Comprehensive Loss - Schedule o
Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands | Dec. 31, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 |
Accumulated Other Comprehensive Income Loss [Line Items] | ||||
Total accumulated other comprehensive loss | $ 1,114,652 | $ 1,147,629 | $ 1,166,476 | $ 1,167,375 |
Net Unrealized Loss on Securities Available for Sale [Member] | ||||
Accumulated Other Comprehensive Income Loss [Line Items] | ||||
Accumulated other comprehensive loss, before tax | (11,137) | (4,711) | ||
Tax effect | 4,145 | 1,954 | ||
Total accumulated other comprehensive loss | (6,992) | (2,757) | ||
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, before tax | (1,092) | (1,056) | ||
Tax effect | 446 | 431 | ||
Total accumulated other comprehensive loss | (646) | (625) | ||
Fair Value Adjustments on Derivatives [Member] | ||||
Accumulated Other Comprehensive Income Loss [Line Items] | ||||
Accumulated other comprehensive loss, before tax | 7,780 | (21,317) | ||
Tax effect | (3,178) | 8,708 | ||
Total accumulated other comprehensive loss | 4,602 | (12,609) | ||
Benefit Plan Adjustments [Member] | ||||
Accumulated Other Comprehensive Income Loss [Line Items] | ||||
Accumulated other comprehensive loss, before tax | (1,707) | (1,346) | ||
Tax effect | 698 | 550 | ||
Total accumulated other comprehensive loss | (1,009) | (796) | ||
Accumulated Other Comprehensive Loss [Member] | ||||
Accumulated Other Comprehensive Income Loss [Line Items] | ||||
Total accumulated other comprehensive loss | $ (4,045) | $ (16,787) | $ (13,260) | $ (7,761) |
Comprehensive Loss - Schedule68
Comprehensive Loss - Schedule of Comprehensive Income (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Comprehensive Income Net Of Tax [Abstract] | |||||
Net unrealized holding loss on securities available for sale | $ (8,251) | $ (6,419) | $ (6,436) | $ (7,871) | |
Amortization of net unrealized holding (loss) gain on securities available for sale transferred to held to maturity | [1] | (43) | 25 | (36) | (6) |
Net realized gain (loss) on securities available for sale | 10 | (2) | 10 | (2) | |
Net unrealized gain (loss) on derivatives | 23,755 | 6,777 | 29,099 | (714) | |
Benefit plans, Amortization of Actuarial loss | [2] | 16 | 10 | 32 | 19 |
Benefit plans, Amortization of Past service cost | [2] | 9 | 18 | ||
Benefit plans, Amortization of New actuarial (loss) | (394) | (911) | |||
Net change in benefit plan accrued expense | 16 | 19 | (362) | (874) | |
Other comprehensive income (loss) before taxes | 15,487 | 400 | 22,275 | (9,467) | |
Tax effect | [3] | (6,759) | (239) | (9,533) | 3,968 |
Total Other Comprehensive Income (Loss) | $ 8,728 | $ 161 | $ 12,742 | $ (5,499) | |
[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 13 – Benefit Plans for additional information. | ||||
[3] | The amounts included in income taxes for items reclassified out of accumulated other comprehensive income totaled $10 and $(144) for the three and six months ended December 31, 2016 and $7 and $(358) for the three and six months ended December 31, 2015, respectively. |
Comprehensive Loss - Schedule69
Comprehensive Loss - Schedule of Comprehensive Income (Parenthetical) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||
Tax effect | [1] | $ 6,759 | $ 239 | $ 9,533 | $ (3,968) |
Reclassification Out of Accumulated Other Comprehensive Loss [Member] | |||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | |||||
Tax effect | $ 10 | $ 7 | $ (144) | $ (358) | |
[1] | The amounts included in income taxes for items reclassified out of accumulated other comprehensive income totaled $10 and $(144) for the three and six months ended December 31, 2016 and $7 and $(358) for the three and six months ended December 31, 2015, respectively. |