Cover
Cover - shares | 9 Months Ended | |
Mar. 31, 2023 | May 04, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2023 | |
Document Transition Report | false | |
Entity File Number | 001-35593 | |
Entity Registrant Name | HOMETRUST BANCSHARES, INC. | |
Entity Incorporation, State or Country Code | MD | |
Entity Tax Identification Number | 45-5055422 | |
Entity Address, Address Line One | 10 Woodfin Street | |
Entity Address, City or Town | Asheville | |
Entity Address, State or Province | NC | |
Entity Address, Postal Zip Code | 28801 | |
City Area Code | 828 | |
Local Phone Number | 259-3939 | |
Title of 12(b) Security | Common Stock, par value $.01 per share | |
Trading Symbol | HTBI | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 17,370,063 | |
Entity Central Index Key | 0001538263 | |
Current Fiscal Year End Date | --06-30 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Assets | ||
Cash | $ 18,262 | $ 20,910 |
Interest-bearing deposits | 296,151 | 84,209 |
Cash and cash equivalents | 314,413 | 105,119 |
Commercial paper, net | 0 | 194,427 |
Certificates of deposit in other banks | 33,102 | 23,551 |
Debt securities available for sale, at fair value (amortized cost of $158,658 and $130,099 at March 31, 2023 and June 30, 2022, respectively) | 154,718 | 126,978 |
FHLB and FRB stock | 19,125 | 9,326 |
SBIC investments, at cost | 13,620 | 12,758 |
Loans held for sale, at fair value | 1,209 | 0 |
Loans held for sale, at the lower of cost or fair value | 89,172 | 79,307 |
Total loans, net of deferred loan fees and costs | 3,649,333 | 2,769,295 |
ACL on loans | (47,503) | (34,690) |
Loans, net | 3,601,830 | 2,734,605 |
Premises and equipment, net | 74,107 | 69,094 |
Accrued interest receivable | 13,813 | 8,573 |
Deferred income taxes, net | 10,894 | 11,487 |
BOLI | 105,952 | 95,281 |
Goodwill | 33,682 | 25,638 |
Core deposit intangibles, net | 11,637 | 93 |
Other assets | 49,596 | 52,967 |
Total assets | 4,526,870 | 3,549,204 |
Liabilities | ||
Deposits | 3,675,599 | 3,099,761 |
Junior subordinated debt | 9,945 | 0 |
Borrowings | 320,263 | 0 |
Other liabilities | 62,821 | 60,598 |
Total liabilities | 4,068,628 | 3,160,359 |
Stockholders' equity | ||
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding | 0 | 0 |
Common stock, $0.01 par value, 60,000,000 shares authorized, 17,370,063 shares issued and outstanding at March 31, 2023; 15,591,466 at June 30, 2022 | 174 | 156 |
Additional paid in capital | 170,670 | 126,106 |
Retained earnings | 295,325 | 270,276 |
Unearned ESOP shares | (4,893) | (5,290) |
Accumulated other comprehensive loss | (3,034) | (2,403) |
Total stockholders' equity | 458,242 | 388,845 |
Total liabilities and stockholders' equity | $ 4,526,870 | $ 3,549,204 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Statement of Financial Position [Abstract] | ||
Debt securities available for sale, at fair value, amortized cost | $ 158,658 | $ 130,099 |
Preferred stock par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock authorized shares | 10,000,000 | 10,000,000 |
Preferred stock issued shares | 0 | 0 |
Preferred stock shares outstanding | 0 | 0 |
Common stock par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock shares authorized | 60,000,000 | 60,000,000 |
Common stock shares issued | 17,370,063 | 15,591,466 |
Common stock shares outstanding | 17,370,063 | 15,591,466 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Interest and dividend income | ||||
Loans | $ 47,908 | $ 26,616 | $ 120,148 | $ 81,440 |
Commercial paper | 0 | 411 | 1,300 | 869 |
Debt securities available for sale | 1,183 | 384 | 3,012 | 1,319 |
Other investments and interest-bearing deposits | 1,575 | 784 | 3,535 | 2,360 |
Total interest and dividend income | 50,666 | 28,195 | 127,995 | 85,988 |
Interest expense | ||||
Deposits | 7,864 | 1,151 | 12,862 | 4,028 |
Junior subordinated debt | 109 | 0 | 109 | 0 |
Borrowings | 1,239 | 4 | 1,505 | 45 |
Total interest expense | 9,212 | 1,155 | 14,476 | 4,073 |
Net interest income | 41,454 | 27,040 | 113,519 | 81,915 |
Provision (benefit) for credit losses | 8,760 | (45) | 14,987 | (4,005) |
Net interest income after provision (benefit) for credit losses | 32,694 | 27,085 | 98,532 | 85,920 |
Noninterest income | ||||
Service charges and fees on deposit accounts | 2,256 | 2,216 | 7,117 | 7,101 |
Loan income and fees | 562 | 752 | 1,779 | 2,536 |
Gain on sale of loans held for sale | 1,811 | 2,969 | 4,499 | 10,927 |
BOLI income | 522 | 492 | 1,543 | 1,500 |
Operating lease income | 1,505 | 1,661 | 4,246 | 4,920 |
Gain (loss) on sale of premises and equipment | 900 | 0 | 2,015 | (87) |
Other | 754 | 857 | 2,963 | 2,496 |
Total noninterest income | 8,310 | 8,947 | 24,162 | 29,393 |
Noninterest expense | ||||
Salaries and employee benefits | 16,246 | 14,730 | 45,545 | 44,882 |
Occupancy expense, net | 2,467 | 2,483 | 7,291 | 7,201 |
Computer services | 2,911 | 2,686 | 8,470 | 7,817 |
Telephone, postage, and supplies | 613 | 623 | 1,791 | 1,946 |
Marketing and advertising | 372 | 573 | 1,443 | 2,110 |
Deposit insurance premiums | 612 | 412 | 1,700 | 1,280 |
Core deposit intangible amortization | 606 | 50 | 666 | 208 |
Merger-related expenses | 4,741 | 0 | 5,465 | 0 |
Other | 4,265 | 4,242 | 12,627 | 12,194 |
Total noninterest expense | 32,833 | 25,799 | 84,998 | 77,638 |
Net income before income taxes | 8,171 | 10,233 | 37,696 | 37,675 |
Income tax expense | 1,437 | 2,210 | 8,105 | 8,047 |
Net income | $ 6,734 | $ 8,023 | $ 29,591 | $ 29,628 |
Net income per common share | ||||
Basic (in dollars per share) | $ 0.40 | $ 0.51 | $ 1.91 | $ 1.87 |
Diluted (in dollars per share) | $ 0.40 | $ 0.51 | $ 1.90 | $ 1.84 |
Average shares outstanding | ||||
Basic (in shares) | 16,021,994 | 15,523,813 | 15,341,222 | 15,666,093 |
Diluted (in shares) | 16,077,116 | 15,793,012 | 15,449,060 | 15,997,377 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 6,734 | $ 8,023 | $ 29,591 | $ 29,628 |
Other comprehensive income (loss) | ||||
Gains (losses) arising during the period | 908 | (2,595) | (819) | (3,781) |
Deferred income tax benefit (expense) | (209) | 598 | 188 | 870 |
Total other comprehensive income (loss) | 699 | (1,997) | (631) | (2,911) |
Comprehensive income | $ 7,433 | $ 6,026 | $ 28,960 | $ 26,717 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands | Total | Common Stock | Additional Paid In Capital | Retained Earnings | Unearned ESOP Shares | Accumulated Other Comprehensive Loss |
Balance at beginning of period (in shares) at Jun. 30, 2021 | 16,636,483 | |||||
Balance at beginning of period at Jun. 30, 2021 | $ 396,519 | $ 167 | $ 160,582 | $ 240,075 | $ (5,819) | $ 1,514 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 29,628 | 29,628 | ||||
Cash dividends declared on common stock | (4,094) | (4,094) | ||||
Common stock repurchased (in shares) | (1,095,763) | |||||
Common stock repurchased | (32,318) | $ (11) | (32,307) | |||
Forfeited restricted stock (in shares) | (12,000) | |||||
Retired stock (in shares) | (11,335) | |||||
Retired stock | $ (345) | (345) | ||||
Granted restricted stock (in shares) | 40,123 | |||||
Stock issued for RSUs (in shares) | 7,118 | |||||
Exercised stock options (in shares) | 413,636 | 413,636 | ||||
Exercised stock options | $ 6,081 | $ 4 | 6,077 | |||
Share-based compensation expense | 1,407 | 1,407 | ||||
ESOP compensation expense | 1,164 | 767 | 397 | |||
Other comprehensive income (loss) | (2,911) | (2,911) | ||||
Balance at end of period (in shares) at Mar. 31, 2022 | 15,978,262 | |||||
Balance at end of period at Mar. 31, 2022 | 395,131 | $ 160 | 136,181 | 265,609 | (5,422) | (1,397) |
Balance at beginning of period (in shares) at Dec. 31, 2021 | 16,303,461 | |||||
Balance at beginning of period at Dec. 31, 2021 | 401,746 | $ 163 | 147,552 | 258,986 | (5,555) | 600 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 8,023 | 8,023 | ||||
Cash dividends declared on common stock | (1,400) | (1,400) | ||||
Common stock repurchased (in shares) | (419,931) | |||||
Common stock repurchased | (12,915) | $ (4) | (12,911) | |||
Forfeited restricted stock (in shares) | (2,600) | |||||
Retired stock (in shares) | (8,627) | |||||
Retired stock | (270) | (270) | ||||
Granted restricted stock (in shares) | 40,123 | |||||
Exercised stock options (in shares) | 65,836 | |||||
Exercised stock options | 1,039 | $ 1 | 1,038 | |||
Share-based compensation expense | 507 | 507 | ||||
ESOP compensation expense | 398 | 265 | 133 | |||
Other comprehensive income (loss) | (1,997) | (1,997) | ||||
Balance at end of period (in shares) at Mar. 31, 2022 | 15,978,262 | |||||
Balance at end of period at Mar. 31, 2022 | $ 395,131 | $ 160 | 136,181 | 265,609 | (5,422) | (1,397) |
Balance at beginning of period (in shares) at Jun. 30, 2022 | 15,591,466 | 15,591,466 | ||||
Balance at beginning of period at Jun. 30, 2022 | $ 388,845 | $ 156 | 126,106 | 270,276 | (5,290) | (2,403) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 29,591 | 29,591 | ||||
Cash dividends declared on common stock | (4,542) | (4,542) | ||||
Forfeited restricted stock (in shares) | (6,200) | |||||
Retired stock (in shares) | (13,145) | |||||
Retired stock | (344) | (344) | ||||
Granted restricted stock (in shares) | 57,839 | |||||
Stock issued for RSUs (in shares) | 13,861 | |||||
Stock issued for Quantum merger (in shares) | 1,374,646 | |||||
Stock issued for Quantum merger | $ 37,734 | $ 14 | 37,720 | |||
Exercised stock options (in shares) | 351,596 | 351,596 | ||||
Exercised stock options | $ 5,131 | $ 4 | 5,127 | |||
Share-based compensation expense | 1,465 | 1,465 | ||||
ESOP compensation expense | 993 | 596 | 397 | |||
Other comprehensive income (loss) | $ (631) | (631) | ||||
Balance at end of period (in shares) at Mar. 31, 2023 | 17,370,063 | 17,370,063 | ||||
Balance at end of period at Mar. 31, 2023 | $ 458,242 | $ 174 | 170,670 | 295,325 | (4,893) | (3,034) |
Balance at beginning of period (in shares) at Dec. 31, 2022 | 15,673,595 | |||||
Balance at beginning of period at Dec. 31, 2022 | 410,155 | $ 157 | 128,486 | 290,271 | (5,026) | (3,733) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 6,734 | 6,734 | ||||
Cash dividends declared on common stock | (1,680) | (1,680) | ||||
Retired stock (in shares) | (9,066) | |||||
Retired stock | (249) | (249) | ||||
Granted restricted stock (in shares) | 53,339 | |||||
Stock issued for Quantum merger (in shares) | 1,374,646 | |||||
Stock issued for Quantum merger | 37,734 | $ 14 | 37,720 | |||
Exercised stock options (in shares) | 277,549 | |||||
Exercised stock options | 4,066 | $ 3 | 4,063 | |||
Share-based compensation expense | 434 | 434 | ||||
ESOP compensation expense | 349 | 216 | 133 | |||
Other comprehensive income (loss) | $ 699 | 699 | ||||
Balance at end of period (in shares) at Mar. 31, 2023 | 17,370,063 | 17,370,063 | ||||
Balance at end of period at Mar. 31, 2023 | $ 458,242 | $ 174 | $ 170,670 | $ 295,325 | $ (4,893) | $ (3,034) |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Statement of Stockholders' Equity [Abstract] | ||||
Common stock, dividends, declared (in dollars per share) | $ 100 | $ 90 | $ 290 | $ 260 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Operating activities | ||
Net income | $ 29,591 | $ 29,628 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision (benefit) for credit losses | 14,987 | (4,005) |
Depreciation and amortization of premises and equipment and equipment for operating leases | 6,669 | 7,107 |
Deferred income tax (benefit) expense | (559) | 5,277 |
Net accretion of purchase accounting adjustments on loans | (725) | (1,283) |
Net amortization and accretion | 3,213 | 1,582 |
Loss (gain) from sale of premises and equipment | (2,015) | 87 |
Gain on sale of REO | 78 | 7 |
Loss incurred at the end of operating leases | 172 | 17 |
BOLI income | (1,543) | (1,500) |
Gain on sale of loans held for sale | (4,499) | (10,927) |
Origination of loans held for sale | (196,695) | (387,252) |
Proceeds from sale of loans held for sale | 178,007 | 402,161 |
New deferred loan origination fees, net | (3,039) | (640) |
Decrease in accrued interest receivable and other assets | (1,537) | (3,612) |
ESOP compensation expense | 993 | 1,164 |
Share-based compensation expense | 1,465 | 1,407 |
Decrease in other liabilities | (3,656) | (971) |
Net cash provided by operating activities | 20,907 | 38,247 |
Investing activities | ||
Purchases of debt securities available for sale | (66,994) | (9,762) |
Proceeds from maturities, calls and paydowns of debt securities available for sale | 49,221 | 55,600 |
Purchases of commercial paper | (210,292) | (463,446) |
Proceeds from maturities and calls of commercial paper | 406,269 | 340,999 |
Purchases of CDs in other banks | (15,676) | (996) |
Proceeds from maturities of CDs in other banks | 6,125 | 12,993 |
Net (purchases) redemptions of FHLB and FRB stock | (8,674) | 3,087 |
Net capital contributions in SBIC investments, at cost | (862) | (2,417) |
Net (increase) decrease in loans | (305,363) | 39,394 |
Purchase of BOLI | (62) | (132) |
Purchase of equipment for operating leases | (5,337) | (2,888) |
Sale of equipment for operating leases | 4,120 | 5,981 |
Purchase of premises and equipment | (3,240) | (6,043) |
Proceeds from sale of premises and equipment and assets held for sale | 7,534 | 2,322 |
Proceeds from sale of REO | 1 | 181 |
Net cash received in merger | 30,601 | 0 |
Net cash used in investing activities | (112,629) | (25,127) |
Financing activities | ||
Net increase (decrease) in deposits | 5,236 | 103,616 |
Net increase in revolving lines of credit | 20,263 | 0 |
Net increase (decrease) in short-term borrowings | 300,000 | (115,000) |
Proceeds from long-term borrowings | 0 | 60,000 |
Repayment of long-term borrowings | (24,728) | (30,000) |
Common stock repurchased | 0 | (32,318) |
Cash dividends paid | (4,542) | (4,094) |
Retired stock | (344) | (345) |
Exercised stock options | 5,131 | 6,081 |
Net cash provided by (used in) financing activities | 301,016 | (12,060) |
Net increase (decrease) in cash and cash equivalents | 209,294 | 1,060 |
Cash and cash equivalents at beginning of period | 105,119 | 50,990 |
Cash and cash equivalents at end of period | 314,413 | 52,050 |
Cash paid during the period for: | ||
Interest | 12,854 | 4,080 |
Income taxes | 5,931 | 269 |
Noncash transactions | ||
Unrealized loss in value of debt securities available for sale, net of income taxes | (631) | (2,911) |
Transfer of loans held for sale to loans held for investment | 14,298 | 19,032 |
Transfer of loans held for investment to loans held for sale | 0 | 12,827 |
ROU asset and lease liabilities for operating lease accounting | 2,108 | 1,186 |
Transfer of premises and equipment to assets held for sale (included in other assets) | 0 | 3,229 |
Fair value of assets acquired | 664,840 | 0 |
Fair value of liabilities assumed | 609,938 | 0 |
Net assets acquired | $ 54,902 | $ 0 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies The consolidated unaudited financial statements presented in this report include the accounts of HomeTrust Bancshares, Inc., a Maryland corporation (“HomeTrust”), and its wholly-owned subsidiary, HomeTrust Bank (the “Bank”). As used throughout this report, the term the “Company” refers to HomeTrust and its consolidated subsidiary, unless the context otherwise requires. HomeTrust is a bank holding company primarily engaged in the business of planning, directing, and coordinating the business activities of the Bank. The Bank is a North Carolina state chartered bank and provides a wide range of retail and commercial banking products within its geographic footprint, which includes: North Carolina (the Asheville metropolitan area, Greensboro/"Piedmont" region, Charlotte, and Raleigh/Cary), Upstate South Carolina (Greenville), East Tennessee (Kingsport/Johnson City, Knoxville, and Morristown), Southwest Virginia (the Roanoke Valley) and Georgia (Greater Atlanta). The Bank operates under a single set of corporate policies and procedures and is recognized as a single banking segment for financial reporting purposes. As a result of its merger with Quantum on February 12, 2023, HomeTrust became the 100% successor owner of the Quantum Capital Statutory Trust II Delaware trust. The sole assets of the trust represent the proceeds of offerings loaned in exchange for subordinated debentures with similar terms to the trust preferred securities. The accompanying unaudited consolidated financial statements have been prepared in accordance with US GAAP for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the SEC. Accordingly, they do not include all the information and footnotes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. It is recommended that these unaudited interim consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended June 30, 2022 ("2022 Form 10-K") filed with the SEC on September 12, 2022. The results of operations for the nine months ended March 31, 2023 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2023. The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements. Various elements of the Company's accounting policies, by their nature, are inherently subject to estimation techniques, valuation assumptions, and other subjective assessments. In particular, management has identified the determination of the provision and the ACL on loans as an accounting policy that, due to the judgments, estimates and assumptions inherent in this policy, is critical to an understanding of the Company's financial statements. This policy and the related judgments, estimates and assumptions is described in greater detail in the notes to the Consolidated Financial Statements and Management's Discussion and Analysis of Financial Condition and Results of Operations (Critical Accounting Policies) in the 2022 Form 10-K. Management believes that the judgments, estimates, and assumptions used in the preparation of the financial statements are appropriate based on the factual circumstances at the time. However, given the sensitivity of the financial statements to this critical accounting policy, the use of other judgments, estimates, and assumptions could result in material differences in the Company's results of operations or financial condition. Further, subsequent changes in economic or market conditions could have a material impact on this estimate and the Company's financial condition and operating results in future periods. Reclassifications To maintain consistency and comparability, certain amounts from prior periods have been reclassified to conform to current period presentation with no effect on net income or stockholders’ equity as previously reported. Loans Held for Sale Residential mortgages originated and intended for sale in the secondary market through mandatory delivery contracts are recorded at fair value (fair value option elected). The fair value includes the servicing value of the loans as well as any accrued interest, with changes in value recorded through the gain on sale of loans held for sale. Conversely, residential mortgages originated and intended for sale in the secondary market on a best efforts basis are sold with servicing released and carried at the lower of cost or fair value as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. The Company originates loans guaranteed by the SBA for the purchase of businesses, business startups, business expansion, equipment, and working capital. All SBA loans are underwritten and documented as prescribed by the SBA. SBA loans are generally fully amortizing and have maturity dates and amortizations of up to 25 years. SBA loans are classified as held for sale and are carried at the lower of cost or fair value. The guaranteed portion of the loan is sold and the servicing rights are retained. A gain is recorded for any premium received in excess of the carrying value of the net assets transferred in the sale and is included in the gain on sale of loans held for sale. The portion of SBA loans that are retained are adjusted to fair value and reclassified to total loans, net of deferred costs (loans held for investment). The net value of the retained loans is included in the appropriate loan classification for disclosure purposes. HELOCs held for sale are originated through a third party in various states outside the Company's geographic footprint, but are underwritten to the Company's underwriting guidelines. The loans are generally held for sale by the Company over a 90 to 180 day period and are serviced by the third party. The loans are marketed by the third party to investors in pools and once sold the Company recognizes a gain or loss on the sale which is recorded through the gain on sale of loans held for sale. Derivative Instruments and Hedging The Company holds and issues derivative financial instruments such as IRLCs and other forward sale commitments. IRLCs are subject to pricing risk primarily related to fluctuations in market interest rates. To hedge the interest rate risk on certain IRLCs, the Company uses forward sale commitments such as TBAs or mandatory delivery commitments with investors. Management expects these forward sale commitments to experience changes in fair value opposite to the changes in fair value of the IRLCs, thereby reducing earnings volatility. Forward sale commitments are also used to hedge the interest rate risk on mortgage loans held for sale that are not committed to investors and still subject to price risk. If the mandatory delivery commitments are not fulfilled, the Company pays a pair-off fee. Best effort forward sale commitments are also executed with investors, whereby certain loans are locked with a borrower and simultaneously committed to an investor at a fixed price. If the best effort IRLC does not fund, there is no obligation to fulfill the investor commitment. The Company considers various factors and strategies in determining what portion of the IRLCs and uncommitted mortgage loans held for sale to economically hedge. All derivative instruments are recognized as other assets or other liabilities on the consolidated statements of financial condition at their fair value. Changes in the fair value of the derivative instruments and gains and losses resulting from the pairing-out of forward sale commitments are recognized in the gain on sale of loans held for sale on the consolidated statements of income in the period in which they occur. The Company accounts for all derivative instruments as free-standing derivative instruments and does not designate any for hedge accounting. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 9 Months Ended |
Mar. 31, 2023 | |
Accounting Changes and Error Corrections [Abstract] | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Newly Issued but Not Yet Effective Accounting Standards ASU 2022-02, "Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures." This ASU eliminates the TDR recognition and measurement guidance and requires that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan. The amendment also adjusts the disclosures related to modifications and requires entities to disclose current-period gross write-offs by year of origination within the existing vintage disclosures. The amendments in this ASU are effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years and early adoption is permitted. The Company is currently evaluating the impact of adopting the new guidance on the consolidated financial statements. |
Merger with Quantum
Merger with Quantum | 9 Months Ended |
Mar. 31, 2023 | |
Business Combination and Asset Acquisition [Abstract] | |
Merger with Quantum | Merger with Quantum On February 12, 2023, the Company merged with Quantum which operated two locations in the Atlanta metro area. The aggregate amount of consideration to be paid per the purchase agreement of approximately $70.8 million, inclusive of consideration of common stock, other cash consideration, and cash in lieu of fractional shares, included $15.9 million of cash consideration already paid by Quantum to its stockholders in advance of the closing date as is further described below. These distributions reduced Quantum's stockholders' equity by an equal amount prior to the transaction closing date. The following table provides a summary of the assets acquired, liabilities assumed, associated preliminary fair value adjustments, and provisional period adjustments by the Company as of the merger date. As provided for under US GAAP, management has up to 12 months following the date of merger to finalize the fair value adjustments. Quantum Fair Value Adjustments Provisional Period Adjustments As Recorded by HomeTrust Assets acquired Cash and cash equivalents $ 47,769 $ — $ — $ 47,769 Debt securities available for sale 10,608 — — 10,608 FHLB and FRB stock 1,125 — — 1,125 Loans (1) 567,140 (5,207) — 561,933 Premises and equipment 4,415 4,668 — 9,083 Accrued interest receivable 1,706 — — 1,706 BOLI 9,066 — — 9,066 Core deposit intangibles — 12,210 — 12,210 Other assets 2,727 569 — 3,296 Total assets acquired $ 644,556 $ 12,240 $ — $ 656,796 Liabilities assumed Deposits $ 570,419 $ 183 $ — $ 570,602 Junior subordinated debt 11,341 (1,408) — 9,933 Other borrowings 24,728 — — 24,728 Deferred income taxes — 1,341 — 1,341 Other liabilities 3,334 — — 3,334 Total liabilities assumed $ 609,822 $ 116 $ — $ 609,938 Net assets acquired $ 46,858 (1) Adjustments to Quantum's total loans include the elimination of Quantum's existing allowance for loan losses of $6.0 million, the recognition of an ACL at close on PCD loans of $0.4 million, and adjustments to reflect the estimated credit fair value mark on the non-PCD loan portfolio of $3.0 million and the estimated interest rate fair value adjustment on the loan portfolio as a whole (non-PCD and PCD) of $7.9 million. Quantum Fair Value Adjustments Provisional Period Adjustments As Recorded by HomeTrust Consideration paid Common stock consideration Shares of Quantum 574,157 Exchange ratio 2.3942 HomeTrust common stock issued 1,374,647 Price per share of HomeTrust common stock on February 10, 2023 $ 27.45 HomeTrust common stock consideration $ 37,734 Cash consideration (2) 17,168 Total consideration $ 54,902 Goodwill $ 8,044 (2) As indicated in the Current Report on Form 8-K/A filed with the SEC on March 30, 2023, the amount of cash consideration paid at closing differs from the $57.54 per share, or $33.0 million, reported in the Current Report on Form 8-K filed on February 13, 2023, which announced the closing of the merger. Consistent with the merger agreement, between the execution of the merger agreement and the transaction closing date, Quantum's principal stockholders had the option to withdraw some or all of the amount of cash consideration to eventually be paid at closing in advance of the closing date. The amount of cash consideration paid at closing was reduced by the amount withdrawn during this time period. Goodwill of $8,044 arising from the merger consisted largely of synergies and the cost saves resulting from the combining of operations of the companies, and is not expected to be deductible for income tax purposes. The following table provides a summary of PCD loans purchased as part of the Quantum merger as of the merger date: Commercial Real Estate Commercial Residential Real Estate Consumer Total Unpaid principal balance $ 4,472 $ 9,631 $ 393 $ — $ 14,496 ACL (292) (72) (5) — (369) Non-credit premium (discount) (1,448) (190) 4 — (1,634) Fair value of PCD loans at merger date $ 2,732 $ 9,369 $ 392 $ — $ 12,493 The following unaudited pro forma combined condensed consolidated financial information presents the results of operations of the Company, including the effects of purchase accounting adjustments and acquisition expenses, had the merger taken place at July 1, 2021. The schedule excludes merger-related credit loss and merger-related expenses. (Unaudited) Three Months Ended Nine Months Ended March 31, March 31, 2023 2022 2023 2022 Interest and dividend income $ 56,512 $ 36,480 $ 154,621 $ 112,282 Interest expense 10,201 1,514 17,606 5,021 Net interest income 46,311 34,966 137,015 107,261 Provision (benefit) for credit losses 3,490 (45) 9,717 (4,490) Net interest income after provision (benefit) for credit losses 42,821 35,011 127,298 111,751 Noninterest income 8,835 9,399 26,068 34,055 Noninterest expense 30,296 30,293 89,928 91,715 Net income before income taxes 21,360 14,117 63,438 54,091 Income tax expense 4,470 3,103 14,026 11,823 Net income $ 16,890 $ 11,014 $ 49,412 $ 42,268 Per share data Net income per common share Basic $ 0.96 $ 0.65 $ 2.93 $ 2.46 Diluted $ 0.96 $ 0.64 $ 2.91 $ 2.41 Average shares outstanding Basic 17,396,640 16,898,459 16,715,868 17,040,739 Diluted 17,451,762 17,167,658 16,823,706 17,372,023 |
Debt Securities
Debt Securities | 9 Months Ended |
Mar. 31, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
Debt Securities | Debt Securities Debt securities available for sale consist of the following at the dates indicated: March 31, 2023 Amortized Gross Gross Estimated U.S. government agencies $ 15,999 $ — $ (434) $ 15,565 MBS, residential 103,078 135 (2,082) 101,131 Municipal bonds 3,513 — (81) 3,432 Corporate bonds 36,068 — (1,478) 34,590 Total $ 158,658 $ 135 $ (4,075) $ 154,718 June 30, 2022 Amortized Gross Gross Estimated U.S. government agencies $ 18,993 $ 5 $ (539) $ 18,459 MBS, residential 48,377 3 (1,147) 47,233 Municipal bonds 5,545 31 (18) 5,558 Corporate bonds 57,184 1 (1,457) 55,728 Total $ 130,099 $ 40 $ (3,161) $ 126,978 Debt securities available for sale by contractual maturity at March 31, 2023 and June 30, 2022 are shown below. MBS are not included in the maturity categories because the borrowers in the underlying pools may prepay without penalty; therefore, it is unlikely that the securities will pay at their stated maturity schedule. March 31, 2023 Amortized Estimated Due within one year $ 47,067 $ 45,656 Due after one year through five years 3,000 2,940 Due after five years through ten years 5,513 4,991 Due after ten years — — MBS, residential 103,078 101,131 Total $ 158,658 $ 154,718 June 30, 2022 Amortized Estimated Due within one year $ 35,350 $ 34,956 Due after one year through five years 40,325 39,018 Due after five years through ten years 6,047 5,771 Due after ten years — — MBS, residential 48,377 47,233 Total $ 130,099 $ 126,978 The Company had no sales of debt securities available for sale and no gross realized gains or losses were recognized during the nine months ended March 31, 2023 and 2022. Debt securities available for sale with amortized costs totaling $58,138 and $43,187 and market values of $56,884 and $41,876 at March 31, 2023 and June 30, 2022, respectively, were pledged as collateral to secure various public deposits and other borrowings. The gross unrealized losses and the fair value for debt securities available for sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2023 and June 30, 2022 were as follows: March 31, 2023 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. government agencies $ 996 $ (4) $ 14,569 $ (430) $ 15,565 $ (434) MBS, residential 59,175 (826) 18,034 (1,256) 77,209 (2,082) Municipal bonds 3,432 (81) — — 3,432 (81) Corporate bonds 15,462 (205) 17,227 (1,273) 32,689 (1,478) Total $ 79,065 $ (1,116) $ 49,830 $ (2,959) $ 128,895 $ (4,075) June 30, 2022 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. government agencies $ 14,461 $ (539) $ — $ — $ 14,461 $ (539) MBS, residential 41,658 (994) 5,269 (153) 46,927 (1,147) Municipal bonds 1,970 (18) — — 1,970 (18) Corporate bonds 39,454 (730) 14,273 (727) 53,727 (1,457) Total $ 97,543 $ (2,281) $ 19,542 $ (880) $ 117,085 $ (3,161) The total number of securities with unrealized losses at March 31, 2023 and June 30, 2022 were 190 and 177, respectively. Management evaluates securities for impairment where there has been a decline in fair value below the amortized cost basis of a security to determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. All debt securities available for sale in an unrealized loss position as of March 31, 2023 continue to perform as scheduled and management does not believe that there is a credit loss or that a provision for credit losses is necessary. Also, as part of management's evaluation of its intent and ability to hold investments for a period of time sufficient to allow for any anticipated recovery in the market, management considers its investment strategy, cash flow needs, liquidity position, capital adequacy and interest rate risk position. Management does not currently intend to sell the securities within the portfolio and it is not more-likely-than-not that securities will be required to be sold. See "Note 1 – Summary of Significant Accounting Policies" in our 2022 Form 10-K for further discussion. Management continues to monitor all of its securities with a high degree of scrutiny. There can be no assurance that management will not conclude in future periods that conditions existing at that time indicate some or all of its securities may be sold or would require a charge to earnings as a provision for credit losses in such periods. Management excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on investment securities and does not record an ACL on accrued interest receivable. As of March 31, 2023, the accrued interest receivable for debt securities available for sale was $518. |
Loans Held For Sale
Loans Held For Sale | 9 Months Ended |
Mar. 31, 2023 | |
Receivables [Abstract] | |
Loans Held For Sale | Loans Held For Sale Loans held for sale, at the lower of cost or fair value, consist of the following as of the dates indicated: March 31, 2023 June 30, 2022 One-to-four family $ 156 $ 4,176 SBA 29,884 14,774 HELOCs 59,132 60,357 Total loans held for sale, at the lower of cost or fair value $ 89,172 $ 79,307 The carrying balance of loans held for sale, at fair value, was $1,209 and $0 at March 31, 2023 and June 30, 2022, respectively, while the amortized cost of these loans was $1,179 and $0 at the same dates. |
Loans and Allowance for Credit
Loans and Allowance for Credit Losses on Loans | 9 Months Ended |
Mar. 31, 2023 | |
Receivables [Abstract] | |
Loans and Allowance for Credit Losses on Loans | Loans and Allowance for Credit Losses on Loans Loans consist of the following at the dates indicated (1) : March 31, 2023 June 30, 2022 Commercial real estate loans Construction and land development $ 368,756 $ 291,202 Commercial real estate - owner occupied 524,247 335,658 Commercial real estate - non-owner occupied 926,991 662,159 Multifamily 85,285 81,086 Total commercial real estate loans 1,905,279 1,370,105 Commercial loans Commercial and industrial 229,840 193,313 Equipment finance 440,345 394,541 Municipal leases 138,436 129,766 Total commercial loans 808,621 717,620 Residential real estate loans Construction and land development 105,617 81,847 One-to-four family 518,274 354,203 HELOCs 193,037 160,137 Total residential real estate loans 816,928 596,187 Consumer loans 118,505 85,383 Total loans, net of deferred loan fees and costs 3,649,333 2,769,295 ACL on loans (47,503) (34,690) Loans, net $ 3,601,830 $ 2,734,605 (1) At March 31, 2023 and June 30, 2022 accrued interest receivable of $13,027 and $7,969 was accounted for separately from the amortized cost basis. As a result of HomeTrust's merger with Quantum on February 12, 2023, $561.9 million in loans (net of purchase accounting adjustments) were added to the portfolio. All qualifying one-to-four family first mortgage loans, HELOCs, commercial real estate loans, indirect auto, municipal leases and FHLB of Atlanta stock are pledged as collateral by a blanket pledge to secure any outstanding FHLB and FRB advances. Loans are monitored for credit quality on a recurring basis and the composition of the loans outstanding by credit quality indicator is provided below. Loan credit quality indicators are developed through review of individual borrowers on an ongoing basis. Generally, loans are monitored for performance on a quarterly basis with the credit quality indicators adjusted as needed. The indicators represent the rating for loans as of the date presented based on the most recent assessment performed. These credit quality indicators are defined as follows: Pass —A pass rated asset is not adversely classified because it does not display any of the characteristics for adverse classification. Special Mention —A special mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention assets are not adversely classified and do not warrant adverse classification. Substandard —A substandard asset is inadequately protected by the current net worth and paying capacity of the obligor, or of the collateral pledged, if any. Assets classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These assets are characterized by the distinct possibility of loss if the deficiencies are not corrected. Doubtful —An asset classified doubtful has all the weaknesses inherent in an asset classified substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions, and values. Loss —Assets classified loss are considered uncollectible and of such little value that their continuing to be carried as an asset is not warranted. This classification is not necessarily equivalent to no potential for recovery or salvage value, but rather that it is not appropriate to defer a full write-off even though partial recovery may be effected in the future. The following table presents the credit risk profile by risk grade for commercial real estate, commercial, residential real estate, and consumer loans by origination year as of March 31, 2023: Term Loans By Origination Fiscal Year March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Construction and land development Risk rating Pass $ 40,745 $ 45,061 $ 9,070 $ 2,766 $ 1,549 $ 6,920 $ 261,693 $ 367,804 Special mention 73 — — — — — 362 435 Substandard — 481 — — — 36 — 517 Doubtful — — — — — — — — Loss — — — — — — — — Total construction and land development 40,818 45,542 9,070 2,766 1,549 6,956 262,055 368,756 Commercial real estate - owner occupied Risk rating Pass 195,337 65,636 67,866 42,634 38,712 81,856 24,534 516,575 Special mention — 132 — 380 376 2,934 — 3,822 Substandard 1,054 — — — — 2,496 300 3,850 Doubtful — — — — — — — — Loss — — — — — — — — Total commercial real estate - owner occupied 196,391 65,768 67,866 43,014 39,088 87,286 24,834 524,247 Commercial real estate - non-owner occupied Risk rating Pass 237,787 106,637 117,075 89,284 55,862 233,180 74,662 914,487 Special mention 2,390 — — — — 4,517 5,341 12,248 Substandard 256 — — — — — — 256 Doubtful — — — — — — — — Loss — — — — — — — — Total commercial real estate - non-owner occupied 240,433 106,637 117,075 89,284 55,862 237,697 80,003 926,991 Multifamily Risk rating Pass 18,584 11,649 18,759 10,286 3,341 21,409 863 84,891 Special mention — — — — 29 62 — 91 Substandard — — — — — 303 — 303 Doubtful — — — — — — — — Loss — — — — — — — — Total multifamily 18,584 11,649 18,759 10,286 3,370 21,774 863 85,285 Total commercial real estate Risk rating Pass $ 492,453 $ 228,983 $ 212,770 $ 144,970 $ 99,464 $ 343,365 $ 361,752 $ 1,883,757 Special mention 2,463 132 — 380 405 7,513 5,703 16,596 Substandard 1,310 481 — — — 2,835 300 4,926 Doubtful — — — — — — — — Loss — — — — — — — — Total commercial real estate $ 496,226 $ 229,596 $ 212,770 $ 145,350 $ 99,869 $ 353,713 $ 367,755 $ 1,905,279 Term Loans By Origination Fiscal Year March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Commercial and industrial Risk rating Pass $ 54,377 $ 62,247 $ 16,449 $ 12,538 $ 6,893 $ 20,989 $ 48,060 $ 221,553 Special mention — 327 465 93 139 — — 1,024 Substandard 1,633 13 25 588 864 44 3,513 6,680 Doubtful — — 70 — 152 — 360 582 Loss — — — — — 1 — 1 Total commercial and industrial 56,010 62,587 17,009 13,219 8,048 21,034 51,933 229,840 Equipment finance Risk rating Pass 146,546 149,488 83,516 43,049 13,619 734 — 436,952 Special mention — 143 349 497 441 — — 1,430 Substandard — 81 — 20 145 — — 246 Doubtful — 815 527 233 138 — — 1,713 Loss — — — — 4 — — 4 Total equipment finance 146,546 150,527 84,392 43,799 14,347 734 — 440,345 Municipal leases Risk rating Pass 17,088 28,164 22,987 8,495 9,990 45,723 5,989 138,436 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total municipal leases 17,088 28,164 22,987 8,495 9,990 45,723 5,989 138,436 Total commercial Risk rating Pass $ 218,011 $ 239,899 $ 122,952 $ 64,082 $ 30,502 $ 67,446 $ 54,049 $ 796,941 Special mention — 470 814 590 580 — — 2,454 Substandard 1,633 94 25 608 1,009 44 3,513 6,926 Doubtful — 815 597 233 290 — 360 2,295 Loss — — — — 4 1 — 5 Total commercial $ 219,644 $ 241,278 $ 124,388 $ 65,513 $ 32,385 $ 67,491 $ 57,922 $ 808,621 Term Loans By Origination Fiscal Year March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Construction and land development Risk rating Pass $ 620 $ 857 $ — $ 48 $ — $ 1,311 $ 102,447 $ 105,283 Special mention — — — — — — — — Substandard — — — — — 334 — 334 Doubtful — — — — — — — — Loss — — — — — — — — Total construction and land development 620 857 — 48 — 1,645 102,447 105,617 One-to-four family Risk rating Pass 119,751 84,901 96,028 47,502 27,421 121,007 15,971 512,581 Special mention 416 — — — — 587 — 1,003 Substandard — 126 — 56 — 4,471 — 4,653 Doubtful — — — — — 36 — 36 Loss — — — — — 1 — 1 Total one-to-four family 120,167 85,027 96,028 47,558 27,421 126,102 15,971 518,274 HELOCs Risk rating Pass 12,328 882 142 341 862 7,489 170,223 192,267 Special mention — — — — — — — — Substandard — 10 — — 46 673 12 741 Doubtful — — — — — 29 — 29 Loss — — — — — — — — Total HELOCs 12,328 892 142 341 908 8,191 170,235 193,037 Total residential real estate Risk rating Pass $ 132,699 $ 86,640 $ 96,170 $ 47,891 $ 28,283 $ 129,807 $ 288,641 $ 810,131 Special mention 416 — — — — 587 — 1,003 Substandard — 136 — 56 46 5,478 12 5,728 Doubtful — — — — — 65 — 65 Loss — — — — — 1 — 1 Total residential real estate $ 133,115 $ 86,776 $ 96,170 $ 47,947 $ 28,329 $ 135,938 $ 288,653 $ 816,928 Term Loans By Origination Fiscal Year March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Total consumer Risk rating Pass $ 62,141 $ 19,306 $ 14,570 $ 10,175 $ 6,539 $ 4,140 $ 531 $ 117,402 Special mention — — — — — — — — Substandard 55 251 221 277 80 181 37 1,102 Doubtful — — — — — — — — Loss — — — — 1 — — 1 Total consumer $ 62,196 $ 19,557 $ 14,791 $ 10,452 $ 6,620 $ 4,321 $ 568 $ 118,505 The following table presents the credit risk profile by risk grade for commercial real estate, commercial, residential real estate, and consumer loans by origination year as of June 30, 2022: Term Loans By Origination Fiscal Year June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Construction and land development Risk rating Pass $ 21,988 $ 5,686 $ 627 $ 2,089 $ 1,092 $ 5,819 $ 248,189 $ 285,490 Special mention — — — — — 97 4,677 4,774 Substandard 871 — — — — 67 — 938 Doubtful — — — — — — — — Loss — — — — — — — — Total construction and land development 22,859 5,686 627 2,089 1,092 5,983 252,866 291,202 Commercial real estate - owner occupied Risk rating Pass 55,167 71,429 45,665 43,786 21,720 74,602 16,857 329,226 Special mention — — 396 418 — 2,416 — 3,230 Substandard — — — — 577 2,227 398 3,202 Doubtful — — — — — — — — Loss — — — — — — — — Total commercial real estate - owner occupied 55,167 71,429 46,061 44,204 22,297 79,245 17,255 335,658 Commercial real estate - non-owner occupied Risk rating Pass 97,885 122,975 95,268 56,846 81,037 182,664 7,214 643,889 Special mention — — — — 13,844 4,421 — 18,265 Substandard — — — — — 5 — 5 Doubtful — — — — — — — — Loss — — — — — — — — Total commercial real estate - non-owner occupied 97,885 122,975 95,268 56,846 94,881 187,090 7,214 662,159 Multifamily Risk rating Pass 10,135 19,985 15,881 8,614 2,796 20,587 2,495 80,493 Special mention — — — 29 — 217 — 246 Substandard — — — — — 347 — 347 Doubtful — — — — — — — — Loss — — — — — — — — Total multifamily 10,135 19,985 15,881 8,643 2,796 21,151 2,495 81,086 Total commercial real estate Risk rating Pass $ 185,175 $ 220,075 $ 157,441 $ 111,335 $ 106,645 $ 283,672 $ 274,755 $ 1,339,098 Special mention — — 396 447 13,844 7,151 4,677 26,515 Substandard 871 — — — 577 2,646 398 4,492 Doubtful — — — — — — — — Loss — — — — — — — — Total commercial real estate $ 186,046 $ 220,075 $ 157,837 $ 111,782 $ 121,066 $ 293,469 $ 279,830 $ 1,370,105 Term Loans By Origination Fiscal Year June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Commercial and industrial Risk rating Pass $ 70,863 $ 21,434 $ 11,647 $ 9,377 $ 6,338 $ 20,856 $ 43,119 $ 183,634 Special mention — 346 260 364 — — 1,957 2,927 Substandard — 770 343 1,152 — 52 4,337 6,654 Doubtful — 98 — — — — — 98 Loss — — — — — — — — Total commercial and industrial 70,863 22,648 12,250 10,893 6,338 20,908 49,413 193,313 Equipment finance Risk rating Pass 186,139 113,363 64,400 26,467 1,755 — — 392,124 Special mention 200 331 1,002 547 — — — 2,080 Substandard — 123 18 159 — — — 300 Doubtful 32 — — 5 — — — 37 Loss — — — — — — — — Total equipment finance 186,371 113,817 65,420 27,178 1,755 — — 394,541 Municipal leases Risk rating Pass 19,425 24,480 8,962 11,034 13,584 39,529 12,715 129,729 Special mention — 37 — — — — — 37 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total municipal leases 19,425 24,517 8,962 11,034 13,584 39,529 12,715 129,766 Total commercial Risk rating Pass $ 276,427 $ 159,277 $ 85,009 $ 46,878 $ 21,677 $ 60,385 $ 55,834 $ 705,487 Special mention 200 714 1,262 911 — — 1,957 5,044 Substandard — 893 361 1,311 — 52 4,337 6,954 Doubtful 32 98 — 5 — — — 135 Loss — — — — — — — — Total commercial $ 276,659 $ 160,982 $ 86,632 $ 49,105 $ 21,677 $ 60,437 $ 62,128 $ 717,620 Term Loans By Origination Fiscal Year June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Construction and land development Risk rating Pass $ 864 $ — $ 53 $ — $ — $ 1,783 $ 78,775 $ 81,475 Special mention — — — — — — — — Substandard — — — — — 372 — 372 Doubtful — — — — — — — — Loss — — — — — — — — Total construction and land development 864 — 53 — — 2,155 78,775 81,847 One-to-four family Risk rating Pass 55,415 74,035 47,364 29,075 23,250 113,307 4,077 346,523 Special mention — — — — — 835 — 835 Substandard 128 — 1,002 540 430 4,590 — 6,690 Doubtful — — — — — 155 — 155 Loss — — — — — — — — Total one-to-four family 55,543 74,035 48,366 29,615 23,680 118,887 4,077 354,203 HELOCs Risk rating Pass 1,466 458 282 901 107 7,441 148,526 159,181 Special mention — — — — — — — — Substandard — — — — — 879 49 928 Doubtful — — — — — 28 — 28 Loss — — — — — — — — Total HELOCs 1,466 458 282 901 107 8,348 148,575 160,137 Total residential real estate Risk rating Pass $ 57,745 $ 74,493 $ 47,699 $ 29,976 $ 23,357 $ 122,531 $ 231,378 $ 587,179 Special mention — — — — — 835 — 835 Substandard 128 — 1,002 540 430 5,841 49 7,990 Doubtful — — — — — 183 — 183 Loss — — — — — — — — Total residential real estate $ 57,873 $ 74,493 $ 48,701 $ 30,516 $ 23,787 $ 129,390 $ 231,427 $ 596,187 Term Loans By Origination Fiscal Year June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Total consumer Risk rating Pass $ 25,935 $ 20,443 $ 15,849 $ 11,329 $ 8,235 $ 2,398 $ 277 $ 84,466 Special mention — — — — — — — — Substandard 72 169 274 85 182 100 33 915 Doubtful — — — — — — — — Loss — — — 2 — — — 2 Total consumer $ 26,007 $ 20,612 $ 16,123 $ 11,416 $ 8,417 $ 2,498 $ 310 $ 85,383 The following tables present aging analyses of past due loans (including nonaccrual loans) by segment and class for the periods indicated below: Past Due Total 30-89 Days 90 Days+ Total Current Loans March 31, 2023 Commercial real estate Construction and land development $ — $ — $ — $ 368,756 $ 368,756 Commercial real estate - owner occupied 67 — 67 524,180 524,247 Commercial real estate - non-owner occupied — — — 926,991 926,991 Multifamily — — — 85,285 85,285 Total commercial real estate 67 — 67 1,905,212 1,905,279 Commercial Commercial and industrial — 620 620 229,220 229,840 Equipment finance 1,387 843 2,230 438,115 440,345 Municipal leases — — — 138,436 138,436 Total commercial 1,387 1,463 2,850 805,771 808,621 Residential real estate Construction and land development — 132 132 105,485 105,617 One-to-four family 830 1,178 2,008 516,266 518,274 HELOCs 245 914 1,159 191,878 193,037 Total residential real estate 1,075 2,224 3,299 813,629 816,928 Consumer 245 259 504 118,001 118,505 Total loans $ 2,774 $ 3,946 $ 6,720 $ 3,642,613 $ 3,649,333 Past Due Total 30-89 Days 90 Days+ Total Current Loans June 30, 2022 Commercial real estate Construction and land development $ — $ — $ — $ 291,202 $ 291,202 Commercial real estate - owner occupied — 52 52 335,606 335,658 Commercial real estate - non-owner occupied — — — 662,159 662,159 Multifamily — — — 81,086 81,086 Total commercial real estate — 52 52 1,370,053 1,370,105 Commercial Commercial and industrial 255 — 255 193,058 193,313 Equipment finance 186 56 242 394,299 394,541 Municipal leases — — — 129,766 129,766 Total commercial 441 56 497 717,123 717,620 Residential real estate Construction and land development 115 22 137 81,710 81,847 One-to-four family 910 1,394 2,304 351,899 354,203 HELOCs 283 122 405 159,732 160,137 Total residential real estate 1,308 1,538 2,846 593,341 596,187 Consumer 330 177 507 84,876 85,383 Total loans $ 2,079 $ 1,823 $ 3,902 $ 2,765,393 $ 2,769,295 The following table presents recorded investment in loans on nonaccrual status, by segment and class, including restructured loans. It also includes interest income recognized on nonaccrual loans for the nine months ended March 31, 2023. March 31, 2023 June 30, 2022 90 Days+ & Still Accruing as of March 31, 2023 Nonaccrual With No Allowance as of March 31, 2023 Interest Income Recognized Commercial real estate Construction and land development $ 36 $ 67 $ — $ — $ 1 Commercial real estate - owner occupied 603 706 — — 13 Commercial real estate - non-owner occupied 2 5 — — 6 Multifamily 89 103 — — 6 Total commercial real estate 730 881 — — 26 Commercial Commercial and industrial 1,389 1,951 — 59 92 Equipment finance 1,929 270 — — 100 Municipal leases 106 — — — 6 Total commercial 3,424 2,221 — 59 198 Residential real estate Construction and land development 132 137 — — 2 One-to-four family 2,000 1,773 — — 44 HELOCs 1,144 724 — — 37 Total residential real estate 3,276 2,634 — — 83 Consumer 481 384 — — 13 Total loans $ 7,911 $ 6,120 $ — $ 59 $ 320 TDRs are loans which have renegotiated loan terms to assist borrowers who are unable to meet the original terms of their loans. Such modifications to loan terms may include a lower interest rate, a reduction in principal, and/or a longer term to maturity. The above table excludes $8,548 and $9,818 of TDRs that were performing under their restructured payment terms as of March 31, 2023 and June 30, 2022 , respectively. The following tables present analyses of the ACL on loans by segment for the periods indicated below. In addition to the provision (benefit) for credit losses on loans presented below, provisions (benefits) of $400 and $758 for off-balance sheet credit exposures and $0 and $(250) for commercial paper were recorded for the three and nine months ended March 31, 2023, respectively. Provisions (benefits) of $650 and $415 for off-balance sheet credit exposures and $(55) and $(5) for commercial paper were recorded for the three and nine months ended March 31, 2022. For the three and nine months ended March 31, 2023 , $4.9 million and $0.4 million of the provision for credit losses were recognized to establish ACLs on both Quantum's loan portfolio and off-balance-sheet credit exposure, respectively. Three Months Ended March 31, 2023 Commercial Real Estate Commercial Residential Real Estate Consumer Total Balance at beginning of period $ 15,059 $ 12,382 $ 9,048 $ 2,370 $ 38,859 Provision (benefit) for credit losses 6,262 2,413 (100) (215) 8,360 Initial ACL on PCD loans 292 72 5 — 369 Charge-offs — (484) (3) (91) (578) Recoveries — 275 172 46 493 Net (charge-offs) recoveries — (209) 169 (45) (85) Balance at end of period $ 21,613 $ 14,658 $ 9,122 $ 2,110 $ 47,503 Nine Months Ended March 31, 2023 Commercial Real Estate Commercial Residential Real Estate Consumer Total Balance at beginning of period $ 13,414 $ 12,036 $ 7,611 $ 1,629 $ 34,690 Provision (benefit) for credit losses 7,904 4,709 1,267 599 14,479 Initial ACL on PCD loans 292 72 5 — 369 Charge-offs — (2,617) (126) (261) (3,004) Recoveries 3 458 365 143 969 Net (charge-offs) recoveries 3 (2,159) 239 (118) (2,035) Balance at end of period $ 21,613 $ 14,658 $ 9,122 $ 2,110 $ 47,503 Three Months Ended March 31, 2022 Commercial Real Estate Commercial Residential Real Estate Consumer Total Balance at beginning of period $ 12,750 $ 10,219 $ 5,917 $ 2,047 $ 30,933 Provision (benefit) for credit losses 62 (1,357) 1,063 (408) (640) Charge-offs — (261) (45) (28) (334) Recoveries 23 887 72 93 1,075 Net (charge-offs) recoveries 23 626 27 65 741 Balance at end of period $ 12,835 $ 9,488 $ 7,007 $ 1,704 $ 31,034 Nine Months Ended March 31, 2022 Commercial Real Estate Commercial Residential Real Estate Consumer Total Balance at beginning of period $ 15,084 $ 9,663 $ 8,185 $ 2,536 $ 35,468 Provision (benefit) for credit losses (2,527) 469 (1,463) (894) (4,415) Charge-offs (439) (1,572) (72) (107) (2,190) Recoveries 717 928 357 169 2,171 Net (charge-offs) recoveries 278 (644) 285 62 (19) Balance at end of period $ 12,835 $ 9,488 $ 7,007 $ 1,704 $ 31,034 In estimating expected credit losses, ASC 326 prescribes that if foreclosure is probable, a CDA is required to be measured at the fair value of collateral, but as a practical expedient, even if foreclosure is not probable, this method may be applied. For those CDA loans measured at the fair value of collateral, a credit loss expense is recorded for loan amounts in excess of fair value. The following tables provide a breakdown between loans identified as CDAs and non-CDAs, by segment and class, and securing collateral, as well as collateral coverage for those loans for the periods indicated below: Type of Collateral and Extent to Which Collateral Secures Financial Assets Financial Assets Not Considered Collateral Dependent March 31, 2023 Residential Property Investment Property Commercial Property Business Assets Total Commercial real estate Construction and land development $ — $ — $ — $ — $ 368,756 $ 368,756 Commercial real estate - owner occupied — — 1,054 — 523,193 524,247 Commercial real estate - non-owner occupied — — 3,025 — 923,966 926,991 Multifamily — — — — 85,285 85,285 Total commercial real estate — — 4,079 — 1,901,200 1,905,279 Commercial Commercial and industrial — — — 1,238 228,602 229,840 Equipment finance — — — — 440,345 440,345 Municipal leases — — — — 138,436 138,436 Total commercial — — — 1,238 807,383 808,621 Residential real estate Construction and land development — — — — 105,617 105,617 One-to-four family 758 — — — 517,516 518,274 HELOCs — — — — 193,037 193,037 Total residential real estate 758 — — — 816,170 816,928 Consumer — — — — 118,505 118,505 Total $ 758 $ — $ 4,079 $ 1,238 $ 3,643,258 $ 3,649,333 Total collateral value $ 1,435 $ — $ 8,870 $ 110 Type of Collateral and Extent to Which Collateral Secures Financial Assets Financial Assets Not Considered Collateral Dependent June 30, 2022 Residential Property Investment Property Commercial Property Business Assets Total Commercial real estate Construction and land development $ — $ — $ — $ — $ 291,202 $ 291,202 Commercial real estate - owner occupied — — — — 335,658 335,658 Commercial real estate - non-owner occupied — — — — 662,159 662,159 Multifamily — — — — 81,086 81,086 Total commercial real estate — — — — 1,370,105 1,370,105 Commercial Commercial and industrial — — — 2,594 190,719 193,313 Equipment finance — — — — 394,541 394,541 Municipal leases — — — — 129,766 129,766 Total commercial — — — 2,594 715,026 717,620 Residential real estate Construction and land development — — — — 81,847 81,847 One-to-four family 1,318 — — — 352,885 354,203 HELOCs — — — — 160,137 160,137 Total residential real estate 1,318 — — — 594,869 596,187 Consumer — — — — 85,383 85,383 Total $ 1,318 $ — $ — $ 2,594 $ 2,765,383 $ 2,769,295 Total collateral value $ 2,443 $ — $ — $ 69 The following tables present a breakdown of the types of concessions made on TDRs by loan class for the periods indicated below: Three Months Ended March 31, 2023 2022 Number Pre Post Number Pre Post Other TDRs Commercial Commercial and industrial — $ — $ — 2 $ 841 $ 835 Residential real estate One-to-four family — — — 1 37 37 Consumer — — — 1 5 5 Total other TDRs — $ — $ — 4 $ 883 $ 877 Nine Months Ended March 31, 2023 2022 Number Pre Post Number Pre Post Below market interest rate Commercial loans Commercial and industrial 5 $ 569 $ 565 — $ — $ — Residential real estate One-to-four family — — — 1 124 121 Total below market interest rate 5 569 565 1 124 121 Extended payment terms Residential real estate One-to-four family — — — 1 35 35 HELOCs — — — 1 50 50 Total extended payment terms — — — 2 85 85 Other TDRs Commercial Commercial and industrial — — — 2 841 835 Residential real estate loans One-to-four family — — — 2 93 92 HELOCs — — — 1 18 18 Consumer 4 49 34 6 89 82 Total other TDRs 4 49 34 11 1,041 1,027 Total 9 $ 618 $ 599 14 $ 1,250 $ 1,233 The following tables present loans that were modified as TDRs within the previous 12 months and for which there was a payment default during the periods indicated below: Three Months Ended March 31, 2023 2022 Number of Recorded Number of Recorded Below market interest rate Commercial loans Commercial and industrial 5 $ 592 — $ — Nine Months Ended March 31, 2023 2022 Number of Recorded Number of Recorded Below market interest rate Commercial loans Commercial and industrial 6 $ 732 — $ — Extended payment terms Residential real estate loans One-to-four family 1 34 — — Other TDRs Consumer 1 2 2 44 Total 8 $ 768 2 $ 44 Other TDRs include TDRs that have a below market interest rate and extended payment terms. The Company does not typically forgive principal when restructuring troubled debt. In determining the ACL, management considers TDRs for all loan classes, and the subsequent nonperformance in accordance with their modified terms, by measuring a reserve on a loan-by-loan basis based on either the value of the loan's expected future cash flows discounted at the loan's original effective interest rate or on the collateral value, net of the estimated costs of disposal, if the loan is collateral dependent. Off-Balance-Sheet Credit Exposure The Company maintains a separate reserve for credit losses on off-balance-sheet credit exposures, including unfunded loan commitments, which is included in other liabilities on the consolidated balance sheet. The reserve for credit losses on off-balance-sheet credit exposures is adjusted as a provision for credit losses in the consolidated statement of income. The estimate includes consideration of the likelihood that funding will occur and an estimate of ECLs on commitments expected to be funded over its estimated life, utilizing the same models and approaches for the Company's other loan portfolio segments described above, as these unfunded commitments share similar risk characteristics as its loan portfolio segments. The Company has identified the unfunded portion of certain lines of credit as unconditionally cancellable credit exposures, meaning the Company can cancel the unfunded commitment at any time. No credit loss estimate is reported for off-balance-sheet credit exposures that are unconditionally cancellable by the Company or for undrawn amounts under such arrangements that may be drawn prior to the cancellation of the arrangement. At March 31, 2023 and June 30, 2022 , the ACL on off-balance-sheet credit exposures included in other liabilities was $4,062 and $3,304, respectively. |
Deposit Accounts
Deposit Accounts | 9 Months Ended |
Mar. 31, 2023 | |
Deposits [Abstract] | |
Deposit Liabilities Disclosures | Deposit Accounts Deposit accounts at the dates indicated consist of the following: March 31, 2023 June 30, 2022 Core deposits Noninterest-bearing accounts $ 872,492 $ 745,746 NOW accounts 678,178 654,981 Money market accounts 1,299,503 969,661 Savings accounts 228,390 238,197 Total core deposits 3,078,563 2,608,585 Certificates of deposit 597,036 491,176 Total $ 3,675,599 $ 3,099,761 As a result of HomeTrust's merger with Quantum on February 12, 2023, $570.6 million in deposits, net of purchase accounting adjustments, were added to the portfolio. Deposits received from executive officers and directors and their associates totaled approximately $1,316 and $1,012 at March 31, 2023 and June 30, 2022 , respectively. As of March 31, 2023, scheduled maturities of certificates of deposit are as follows: Fiscal year ending June 30 Remaining 2023 $ 122,230 2024 414,223 2025 44,759 2026 7,288 2027 5,242 Thereafter 3,294 Total $ 597,036 The balance of uninsured deposits was $730.4 million, or 19.9% of total deposits. Included within this amount, certificates of deposit with balances of $250 or greater totaled $255,089 and $156,558 at March 31, 2023 and June 30, 2022 , respectively. Generally, deposit amounts in excess of $250 are not federally insured. |
Borrowings
Borrowings | 9 Months Ended |
Mar. 31, 2023 | |
Federal Home Loan Banks [Abstract] | |
Borrowings | Borrowings Junior Subordinated Debentures On February 21, 2007, Quantum formed a Connecticut statutory trust, Quantum Capital Statutory Trust II (the "Trust"), which issued $11.0 million of trust preferred securities that were designed to qualify as Tier I capital under Federal Reserve Board guidelines. All of the common securities of the Trust were owned by Quantum. The proceeds from the issuance of the common securities and the trust preferred securities were used by the Trust to purchase $11.3 million of junior subordinated debentures of Quantum. As a result of its merger with Quantum on February 12, 2023, HomeTrust became the 100% successor owner of the Trust. The trust preferred securities accrue and pay quarterly distributions at a floating rate of 3-month LIBOR plus 194 basis points, which was 7.13% at March 31, 2023. The Company has guaranteed distributions and other payments due on the trust preferred securities to the extent the Trust has insufficient funds with which to make the distributions and other payments. The net combined effect of all documents entered into in connection with the trust preferred securities is that the Company is liable to make the distributions and other payments required on the trust preferred securities. The trust preferred securities are mandatorily redeemable upon maturity of the debentures on March 15, 2037, or upon earlier redemption as provided in the indenture. The Company has the right to redeem the debentures purchased by the Trust, in whole or in part, on or after March 15, 2012. As specified in the indenture, if the debentures are redeemed prior to maturity, the redemption price will be the principal amount and any accrued but unpaid interest. Other Borrowings Borrowings, outside of junior subordinated debt, consist of the following at the dates indicated: March 31, 2023 June 30, 2022 Balance Weighted Balance Weighted FHLB advances $ 200,000 5.03 % $ — — % FRB advances 100,000 5.00 — — Revolving lines of credit 20,263 8.50 — — Total borrowings $ 320,263 5.24 % $ — — % All qualifying one-to-four family loans, HELOCs, commercial real estate loans, and FHLB of Atlanta stock are pledged as collateral to secure outstanding FHLB advances while commercial construction, indirect auto and municipal loans are pledged as collateral to secure outstanding FRB advances. At March 31, 2023 and June 30, 2022 , the Company had the ability to borrow $68,484 and $277,561, respectively, through additional FHLB advances and $23,055 and $68,230, respectively, through the unused portion of a line of credit with the FRB. At March 31, 2023 and June 30, 2022, the Company had revolving lines of credit with three unaffiliated banks, the unused portion of which totaled $129,737 and $120,000, respectively. |
Leases
Leases | 9 Months Ended |
Mar. 31, 2023 | |
Leases [Abstract] | |
Leases | Leases As Lessee - Operating Leases The Company's operating leases primarily include office space and bank branches. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to 15 additional years. The exercise of lease renewal options is at management's sole discretion. When it is reasonably certain that the Company will exercise its option to renew or extend the lease term, that option is included in estimating the value of the ROU and lease liability. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Most of the Company's lease agreements include periodic rate adjustments for inflation. The depreciable life of ROU assets and leasehold improvements are limited to the shorter of the useful life or the expected lease term. Leases with an initial term of 12 months or less are not recorded on the Company's Consolidated Balance Sheet. The Company recognizes lease expenses for these leases over the lease term. The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities. Supplemental Balance Sheet Information March 31, 2023 June 30, 2022 ROU assets $ 6,854 $ 5,846 Lease liabilities 7,872 6,641 Weighted-average remaining lease terms (years) 10.7 10.8 Weighted-average discount rate 3.24 % 2.90 % The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2023: Fiscal year ending June 30 Remaining 2023 $ 422 2024 1,247 2025 946 2026 821 2027 838 Thereafter 5,267 Total undiscounted minimum lease payments 9,541 Less: amount representing interest (1,669) Total lease liability $ 7,872 The following table presents components of operating lease expense for the periods indicated: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Operating lease cost (included in occupancy expense, net) $ 394 $ 347 $ 1,086 $ 1,215 Variable lease cost (included in occupancy expense, net) 3 7 7 13 Sublease income (included in other, noninterest income) (42) (60) (127) (154) Total operating lease expense, net $ 355 $ 294 $ 966 $ 1,074 As Lessee - Finance Lease During the quarter ended March 31, 2023, the Company purchased the property associated with the finance lease reported historically. The Company purchased the property for $1.2 million, terminating the existing land lease. Prior to the purchase, for the three months ended March 31, 2023 and 2022 , interest expense on the lease liability totaled $15 and $23, while for the nine months ended March 31, 2023 and 2022, interest expense on the lease liability totaled $60 and $70, respectively. Supplemental lease cash flow information for the periods indicated: Nine Months Ended March 31, 2023 2022 ROU assets - noncash additions (operating leases) $ 2,108 $ 1,186 Cash paid for amounts included in the measurement of lease liabilities (operating leases) 994 1,281 Cash paid for amounts included in the measurement of lease liabilities (finance leases) 89 100 As Lessor - General The Company leases equipment to commercial end users under operating and finance lease arrangements. The Company's equipment finance leases consist mainly of construction, transportation, healthcare, and manufacturing equipment. Many of its operating and finance leases offer the lessee the option to purchase the equipment at fair value or for a nominal fixed purchase option; and most of the leases that do not have a nominal purchase option include renewal provisions resulting in some leases continuing beyond initial contractual terms. The Company's leases do not include early termination options, and continued rent payments are due if leased equipment is not returned at the end of the lease. As Lessor - Operating Leases Operating lease income is recognized as a component of noninterest income on a straight-line basis over the lease term. Lease terms range from one June 30, 2022 , respectively. The following table presents total equipment finance operating lease income and depreciation expense for the periods indicated: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Operating lease income $ 1,505 $ 1,661 $ 4,246 $ 4,920 Depreciation expense 1,266 1,339 3,608 4,221 The following schedule summarizes, as of March 31, 2023, aggregate future minimum lease payments to be received: Fiscal year ending June 30 Remaining 2023 $ 1,424 2024 5,206 2025 1,962 2026 689 2027 113 Thereafter — Total of future minimum lease payments $ 9,394 As Lessor - Direct Financing Leases Finance lease income is recognized as a component of loan interest income over the lease term. The finance leases are included as a component of the equipment finance class of financing receivables under the commercial loan segment of the loan portfolio. For the three months ended March 31, 2023 and 2022, interest income on equipment finance leases totaled $860 and $763, respectively. For the nine months ended March 31, 2023 and 2022, interest income on equipment finance leases totaled $2,435 and $2,275, respectively. The lease receivable component of finance lease net investment included within the equipment finance class of financing receivables was $66.7 million and $62.2 million at March 31, 2023 and June 30, 2022 , respectively. The following schedule summarizes, as of March 31, 2023, aggregate future minimum finance lease payments to be received: Fiscal year ending June 30 Remaining 2023 $ 8,260 2024 22,284 2025 17,749 2026 13,532 2027 8,494 Thereafter 6,716 Total undiscounted minimum lease payments 77,035 Less: amount representing interest (10,304) Total lease receivable $ 66,731 |
Leases | Leases As Lessee - Operating Leases The Company's operating leases primarily include office space and bank branches. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to 15 additional years. The exercise of lease renewal options is at management's sole discretion. When it is reasonably certain that the Company will exercise its option to renew or extend the lease term, that option is included in estimating the value of the ROU and lease liability. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Most of the Company's lease agreements include periodic rate adjustments for inflation. The depreciable life of ROU assets and leasehold improvements are limited to the shorter of the useful life or the expected lease term. Leases with an initial term of 12 months or less are not recorded on the Company's Consolidated Balance Sheet. The Company recognizes lease expenses for these leases over the lease term. The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities. Supplemental Balance Sheet Information March 31, 2023 June 30, 2022 ROU assets $ 6,854 $ 5,846 Lease liabilities 7,872 6,641 Weighted-average remaining lease terms (years) 10.7 10.8 Weighted-average discount rate 3.24 % 2.90 % The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2023: Fiscal year ending June 30 Remaining 2023 $ 422 2024 1,247 2025 946 2026 821 2027 838 Thereafter 5,267 Total undiscounted minimum lease payments 9,541 Less: amount representing interest (1,669) Total lease liability $ 7,872 The following table presents components of operating lease expense for the periods indicated: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Operating lease cost (included in occupancy expense, net) $ 394 $ 347 $ 1,086 $ 1,215 Variable lease cost (included in occupancy expense, net) 3 7 7 13 Sublease income (included in other, noninterest income) (42) (60) (127) (154) Total operating lease expense, net $ 355 $ 294 $ 966 $ 1,074 As Lessee - Finance Lease During the quarter ended March 31, 2023, the Company purchased the property associated with the finance lease reported historically. The Company purchased the property for $1.2 million, terminating the existing land lease. Prior to the purchase, for the three months ended March 31, 2023 and 2022 , interest expense on the lease liability totaled $15 and $23, while for the nine months ended March 31, 2023 and 2022, interest expense on the lease liability totaled $60 and $70, respectively. Supplemental lease cash flow information for the periods indicated: Nine Months Ended March 31, 2023 2022 ROU assets - noncash additions (operating leases) $ 2,108 $ 1,186 Cash paid for amounts included in the measurement of lease liabilities (operating leases) 994 1,281 Cash paid for amounts included in the measurement of lease liabilities (finance leases) 89 100 As Lessor - General The Company leases equipment to commercial end users under operating and finance lease arrangements. The Company's equipment finance leases consist mainly of construction, transportation, healthcare, and manufacturing equipment. Many of its operating and finance leases offer the lessee the option to purchase the equipment at fair value or for a nominal fixed purchase option; and most of the leases that do not have a nominal purchase option include renewal provisions resulting in some leases continuing beyond initial contractual terms. The Company's leases do not include early termination options, and continued rent payments are due if leased equipment is not returned at the end of the lease. As Lessor - Operating Leases Operating lease income is recognized as a component of noninterest income on a straight-line basis over the lease term. Lease terms range from one June 30, 2022 , respectively. The following table presents total equipment finance operating lease income and depreciation expense for the periods indicated: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Operating lease income $ 1,505 $ 1,661 $ 4,246 $ 4,920 Depreciation expense 1,266 1,339 3,608 4,221 The following schedule summarizes, as of March 31, 2023, aggregate future minimum lease payments to be received: Fiscal year ending June 30 Remaining 2023 $ 1,424 2024 5,206 2025 1,962 2026 689 2027 113 Thereafter — Total of future minimum lease payments $ 9,394 As Lessor - Direct Financing Leases Finance lease income is recognized as a component of loan interest income over the lease term. The finance leases are included as a component of the equipment finance class of financing receivables under the commercial loan segment of the loan portfolio. For the three months ended March 31, 2023 and 2022, interest income on equipment finance leases totaled $860 and $763, respectively. For the nine months ended March 31, 2023 and 2022, interest income on equipment finance leases totaled $2,435 and $2,275, respectively. The lease receivable component of finance lease net investment included within the equipment finance class of financing receivables was $66.7 million and $62.2 million at March 31, 2023 and June 30, 2022 , respectively. The following schedule summarizes, as of March 31, 2023, aggregate future minimum finance lease payments to be received: Fiscal year ending June 30 Remaining 2023 $ 8,260 2024 22,284 2025 17,749 2026 13,532 2027 8,494 Thereafter 6,716 Total undiscounted minimum lease payments 77,035 Less: amount representing interest (10,304) Total lease receivable $ 66,731 |
Leases | Leases As Lessee - Operating Leases The Company's operating leases primarily include office space and bank branches. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to 15 additional years. The exercise of lease renewal options is at management's sole discretion. When it is reasonably certain that the Company will exercise its option to renew or extend the lease term, that option is included in estimating the value of the ROU and lease liability. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Most of the Company's lease agreements include periodic rate adjustments for inflation. The depreciable life of ROU assets and leasehold improvements are limited to the shorter of the useful life or the expected lease term. Leases with an initial term of 12 months or less are not recorded on the Company's Consolidated Balance Sheet. The Company recognizes lease expenses for these leases over the lease term. The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities. Supplemental Balance Sheet Information March 31, 2023 June 30, 2022 ROU assets $ 6,854 $ 5,846 Lease liabilities 7,872 6,641 Weighted-average remaining lease terms (years) 10.7 10.8 Weighted-average discount rate 3.24 % 2.90 % The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2023: Fiscal year ending June 30 Remaining 2023 $ 422 2024 1,247 2025 946 2026 821 2027 838 Thereafter 5,267 Total undiscounted minimum lease payments 9,541 Less: amount representing interest (1,669) Total lease liability $ 7,872 The following table presents components of operating lease expense for the periods indicated: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Operating lease cost (included in occupancy expense, net) $ 394 $ 347 $ 1,086 $ 1,215 Variable lease cost (included in occupancy expense, net) 3 7 7 13 Sublease income (included in other, noninterest income) (42) (60) (127) (154) Total operating lease expense, net $ 355 $ 294 $ 966 $ 1,074 As Lessee - Finance Lease During the quarter ended March 31, 2023, the Company purchased the property associated with the finance lease reported historically. The Company purchased the property for $1.2 million, terminating the existing land lease. Prior to the purchase, for the three months ended March 31, 2023 and 2022 , interest expense on the lease liability totaled $15 and $23, while for the nine months ended March 31, 2023 and 2022, interest expense on the lease liability totaled $60 and $70, respectively. Supplemental lease cash flow information for the periods indicated: Nine Months Ended March 31, 2023 2022 ROU assets - noncash additions (operating leases) $ 2,108 $ 1,186 Cash paid for amounts included in the measurement of lease liabilities (operating leases) 994 1,281 Cash paid for amounts included in the measurement of lease liabilities (finance leases) 89 100 As Lessor - General The Company leases equipment to commercial end users under operating and finance lease arrangements. The Company's equipment finance leases consist mainly of construction, transportation, healthcare, and manufacturing equipment. Many of its operating and finance leases offer the lessee the option to purchase the equipment at fair value or for a nominal fixed purchase option; and most of the leases that do not have a nominal purchase option include renewal provisions resulting in some leases continuing beyond initial contractual terms. The Company's leases do not include early termination options, and continued rent payments are due if leased equipment is not returned at the end of the lease. As Lessor - Operating Leases Operating lease income is recognized as a component of noninterest income on a straight-line basis over the lease term. Lease terms range from one June 30, 2022 , respectively. The following table presents total equipment finance operating lease income and depreciation expense for the periods indicated: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Operating lease income $ 1,505 $ 1,661 $ 4,246 $ 4,920 Depreciation expense 1,266 1,339 3,608 4,221 The following schedule summarizes, as of March 31, 2023, aggregate future minimum lease payments to be received: Fiscal year ending June 30 Remaining 2023 $ 1,424 2024 5,206 2025 1,962 2026 689 2027 113 Thereafter — Total of future minimum lease payments $ 9,394 As Lessor - Direct Financing Leases Finance lease income is recognized as a component of loan interest income over the lease term. The finance leases are included as a component of the equipment finance class of financing receivables under the commercial loan segment of the loan portfolio. For the three months ended March 31, 2023 and 2022, interest income on equipment finance leases totaled $860 and $763, respectively. For the nine months ended March 31, 2023 and 2022, interest income on equipment finance leases totaled $2,435 and $2,275, respectively. The lease receivable component of finance lease net investment included within the equipment finance class of financing receivables was $66.7 million and $62.2 million at March 31, 2023 and June 30, 2022 , respectively. The following schedule summarizes, as of March 31, 2023, aggregate future minimum finance lease payments to be received: Fiscal year ending June 30 Remaining 2023 $ 8,260 2024 22,284 2025 17,749 2026 13,532 2027 8,494 Thereafter 6,716 Total undiscounted minimum lease payments 77,035 Less: amount representing interest (10,304) Total lease receivable $ 66,731 |
Leases | Leases As Lessee - Operating Leases The Company's operating leases primarily include office space and bank branches. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to 15 additional years. The exercise of lease renewal options is at management's sole discretion. When it is reasonably certain that the Company will exercise its option to renew or extend the lease term, that option is included in estimating the value of the ROU and lease liability. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Most of the Company's lease agreements include periodic rate adjustments for inflation. The depreciable life of ROU assets and leasehold improvements are limited to the shorter of the useful life or the expected lease term. Leases with an initial term of 12 months or less are not recorded on the Company's Consolidated Balance Sheet. The Company recognizes lease expenses for these leases over the lease term. The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities. Supplemental Balance Sheet Information March 31, 2023 June 30, 2022 ROU assets $ 6,854 $ 5,846 Lease liabilities 7,872 6,641 Weighted-average remaining lease terms (years) 10.7 10.8 Weighted-average discount rate 3.24 % 2.90 % The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2023: Fiscal year ending June 30 Remaining 2023 $ 422 2024 1,247 2025 946 2026 821 2027 838 Thereafter 5,267 Total undiscounted minimum lease payments 9,541 Less: amount representing interest (1,669) Total lease liability $ 7,872 The following table presents components of operating lease expense for the periods indicated: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Operating lease cost (included in occupancy expense, net) $ 394 $ 347 $ 1,086 $ 1,215 Variable lease cost (included in occupancy expense, net) 3 7 7 13 Sublease income (included in other, noninterest income) (42) (60) (127) (154) Total operating lease expense, net $ 355 $ 294 $ 966 $ 1,074 As Lessee - Finance Lease During the quarter ended March 31, 2023, the Company purchased the property associated with the finance lease reported historically. The Company purchased the property for $1.2 million, terminating the existing land lease. Prior to the purchase, for the three months ended March 31, 2023 and 2022 , interest expense on the lease liability totaled $15 and $23, while for the nine months ended March 31, 2023 and 2022, interest expense on the lease liability totaled $60 and $70, respectively. Supplemental lease cash flow information for the periods indicated: Nine Months Ended March 31, 2023 2022 ROU assets - noncash additions (operating leases) $ 2,108 $ 1,186 Cash paid for amounts included in the measurement of lease liabilities (operating leases) 994 1,281 Cash paid for amounts included in the measurement of lease liabilities (finance leases) 89 100 As Lessor - General The Company leases equipment to commercial end users under operating and finance lease arrangements. The Company's equipment finance leases consist mainly of construction, transportation, healthcare, and manufacturing equipment. Many of its operating and finance leases offer the lessee the option to purchase the equipment at fair value or for a nominal fixed purchase option; and most of the leases that do not have a nominal purchase option include renewal provisions resulting in some leases continuing beyond initial contractual terms. The Company's leases do not include early termination options, and continued rent payments are due if leased equipment is not returned at the end of the lease. As Lessor - Operating Leases Operating lease income is recognized as a component of noninterest income on a straight-line basis over the lease term. Lease terms range from one June 30, 2022 , respectively. The following table presents total equipment finance operating lease income and depreciation expense for the periods indicated: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Operating lease income $ 1,505 $ 1,661 $ 4,246 $ 4,920 Depreciation expense 1,266 1,339 3,608 4,221 The following schedule summarizes, as of March 31, 2023, aggregate future minimum lease payments to be received: Fiscal year ending June 30 Remaining 2023 $ 1,424 2024 5,206 2025 1,962 2026 689 2027 113 Thereafter — Total of future minimum lease payments $ 9,394 As Lessor - Direct Financing Leases Finance lease income is recognized as a component of loan interest income over the lease term. The finance leases are included as a component of the equipment finance class of financing receivables under the commercial loan segment of the loan portfolio. For the three months ended March 31, 2023 and 2022, interest income on equipment finance leases totaled $860 and $763, respectively. For the nine months ended March 31, 2023 and 2022, interest income on equipment finance leases totaled $2,435 and $2,275, respectively. The lease receivable component of finance lease net investment included within the equipment finance class of financing receivables was $66.7 million and $62.2 million at March 31, 2023 and June 30, 2022 , respectively. The following schedule summarizes, as of March 31, 2023, aggregate future minimum finance lease payments to be received: Fiscal year ending June 30 Remaining 2023 $ 8,260 2024 22,284 2025 17,749 2026 13,532 2027 8,494 Thereafter 6,716 Total undiscounted minimum lease payments 77,035 Less: amount representing interest (10,304) Total lease receivable $ 66,731 |
Equity Incentive Plan
Equity Incentive Plan | 9 Months Ended |
Mar. 31, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Equity Incentive Plan | Equity Incentive Plan The Company historically provided stock-based awards through the 2013 Omnibus Incentive Plan, which provided for awards of restricted stock, restricted stock units, stock options, stock appreciation rights and cash awards to directors, directors emeritus, officers, employees and advisory directors. On November 14, 2022, at the Company's annual meeting, stockholders approved the 2022 Omnibus Incentive Plan which provides for the same types of awards as described under the 2013 Omnibus Incentive Plan. Going forward, any future grants will be made under this plan. The cost of equity-based awards under the 2022 Omnibus Incentive Plan generally is based on the fair value of the awards on their grant date. The maximum number of shares that may be utilized for awards under the plan is 1,000,000. Shares of common stock issued under the plan will be issued out of authorized but unissued shares, some or all of which may be repurchased shares. The table below presents share-based compensation expense and the estimated related tax benefit for stock options and restricted stock for the dates indicated below: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Share-based compensation expense $ 434 $ 507 $ 1,465 $ 1,407 Tax benefit 102 120 347 332 The table below presents stock option activity and related information for the nine months ended March 31, 2023 and 2022: Options Weighted- Remaining Aggregate Options outstanding at June 30, 2021 1,319,456 $ 19.07 3.9 $ 11,657 Granted 42,850 31.35 — — Exercised (413,636) 14.70 — — Forfeited (20,800) 23.17 — — Options outstanding at March 31, 2022 927,870 $ 21.49 4.3 $ 7,541 Exercisable at March 31, 2022 756,720 $ 20.24 3.5 $ 7,028 Non-vested at March 31, 2022 171,150 $ 26.99 7.7 $ 513 Options outstanding at June 30, 2022 928,870 $ 21.49 4.1 $ 4,036 Granted 5,000 24.07 — — Exercised (351,596) 14.59 — — Forfeited (11,700) 25.36 — — Options outstanding at March 31, 2023 570,574 $ 25.68 5.3 $ 327 Exercisable at March 31, 2023 493,764 $ 25.39 4.9 $ 287 Non-vested at March 31, 2023 76,810 $ 27.55 8.2 $ 40 Assumptions used in estimating the fair value of options granted during the nine months ended March 31, 2023 and March 31, 2022 are detailed below: March 31, 2023 March 31, 2022 Weighted-average volatility 27.78 % 28.02 % Expected dividend yield 1.62 % 1.12 % Risk-free interest rate 3.11 % 1.90 % Expected life (years) 6.5 6.5 Weighted-average fair value of options granted $ 6.77 $ 8.68 At March 31, 2023, the Company had $529 of unrecognized compensation expense related to 76,810 stock options originally scheduled to vest over a five-year period. The weighted average period over which compensation cost related to non-vested awards expected to be recognized was 1.8 years at March 31, 2023. At March 31, 2022, the Company had $1,076 of unrecognized compensation expense related to 171,150 stock options originally scheduled to vest over a five-year period. The weighted average period over which compensation cost related to non-vested awards expected to be recognized was 1.8 years at March 31, 2022. The table below presents restricted stock award activity and related information: Restricted Weighted- Aggregate Non-vested at June 30, 2021 151,575 $ 25.06 $ 4,229 Granted 49,679 31.35 — Vested (53,744) 25.22 — Forfeited (12,000) 24.90 — Non-vested at March 31, 2022 135,510 $ 27.41 $ 2,817 Non-vested at June 30, 2022 135,910 $ 27.40 $ 2,345 Granted 75,358 27.24 — Vested (55,449) 27.38 — Forfeited (6,200) 27.64 — Non-vested at March 31, 2023 149,619 $ 27.31 $ 3,134 The table above includes non-vested performance-based restricted stock units totaling 40,362 and 33,218 at March 31, 2023 and 2022, respectively. Each issuance of these stock units is scheduled to vest over 3.0 years assuming the applicable dilutive EPS goals are met. At March 31, 2023, unrecognized compensation expense was $3,628 related to 149,619 shares of restricted stock originally scheduled to vest over three three |
Net Income per Share
Net Income per Share | 9 Months Ended |
Mar. 31, 2023 | |
Earnings Per Share [Abstract] | |
Net Income per Share | Net Income per Share The following table sets forth the computation of basic and diluted net income per common share for the periods indicated: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Numerator Net income $ 6,734 $ 8,023 $ 29,591 $ 29,628 Allocation of earnings to participating securities (64) (69) (292) (254) Numerator for basic EPS - Net income available to common stockholders $ 6,670 $ 7,954 $ 29,299 $ 29,374 Effect of dilutive securities Dilutive effect of participating securities $ — $ — $ — $ — Numerator for diluted EPS $ 6,670 $ 7,954 $ 29,299 $ 29,374 Denominator Weighted-average common shares outstanding - basic 16,021,994 15,523,813 15,341,222 15,666,093 Dilutive effect of assumed exercises of stock options 55,122 269,199 107,838 331,284 Weighted-average common shares outstanding - diluted 16,077,116 15,793,012 15,449,060 15,997,377 Net income per share - basic $ 0.40 $ 0.51 $ 1.91 $ 1.87 Net income per share - diluted $ 0.40 $ 0.51 $ 1.90 $ 1.84 Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were 112,250 and 538,374 of stock options that were anti-dilutive for the three and nine months ended March 31, 2023. There were 47,850 and 95,350 of stock options that were anti-dilutive for the three and nine months ended March 31, 2022, respectively. |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Mar. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies Loan Commitments – Legally binding commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. In the normal course of business, there are various outstanding commitments to extend credit that are not reflected in the consolidated financial statements. At March 31, 2023 and June 30, 2022, respectively, loan commitments (excluding $270,491 and $312,893 of undisbursed portions of construction loans) totaled $93,915 and $104,745 of which $13,754 and $23,159 were variable rate commitments and $80,161 and $81,586 were fixed rate commitments. The fixed rate loan commitments had interest rates ranging from 1.55% to 9.69% at March 31, 2023 and 1.41% to 9.00% at June 30, 2022, and terms ranging from three The Company has two types of commitments related to certain one-to-four family loans held for sale: rate lock commitments and forward loan commitments. Rate lock commitments are commitments to extend credit to a customer that has an interest rate lock and are considered derivative instruments. The rate lock commitments do not qualify for hedge accounting. In order to mitigate the risk from interest rate fluctuations, the Company enters into forward loan sale commitments such as TBAs, mandatory delivery commitments with investors, or best efforts forward sale commitments with investors. The fair value of these interest rate lock commitments was not material at March 31, 2023 or June 30, 2022. The Company grants construction and permanent loans collateralized primarily by residential and commercial real estate to customers throughout its primary market areas. In addition, the Company grants equipment financing throughout the United States and municipal financing to customers throughout North and South Carolina. The Company’s loan portfolio can be affected by the general economic conditions within these market areas. Management believes that the Company has no significant concentration of credit in the loan portfolio. Restrictions on Cash – In response to COVID-19, the FRB reduced the reserve requirements to zero on March 15, 2020. Prior to this change the Bank was required by regulation to maintain a varying cash reserve balance with the FRB. Guarantees – Standby letters of credit obligate the Company to meet certain financial obligations of its customers, if, under the contractual terms of the agreement, the customers are unable to do so. The financial standby letters of credit issued by the Company are irrevocable and payment is only guaranteed upon the borrower's failure to perform its obligations to the beneficiary. Total commitments under standby letters of credit as of March 31, 2023 and June 30, 2022 were $31,090 and $18,362, respectively. There was no liability recorded for these letters of credit at March 31, 2023 or June 30, 2022. Litigation – From time to time, the Company is involved in litigation matters in the ordinary course of business. These proceedings and the associated legal claims are often contested, and the outcome of individual matters is not always predictable. These claims and counter claims typically arise during the course of collection efforts on problem loans or with respect to actions to enforce liens on properties in which the Company holds a security interest. The Company is not a party to any pending legal proceedings that management believes would have a material adverse effect on the Company’s financial condition or results of operations . |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 9 Months Ended |
Mar. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | Fair Value of Financial Instruments Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company's own assumptions about the assumptions that market participants would use in pricing an asset or liability. A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The following is a description of valuation methodologies used for assets recorded at fair value. As of both March 31, 2023 and June 30, 2022, the Company did not have any liabilities recorded at fair value. The methods of determining the fair value of assets and liabilities presented in this note are consistent with the methodologies disclosed in Note 19 of the 2022 Form 10-K. Financial Assets Recorded at Fair Value The following table presents financial assets measured at fair value on a recurring basis at the dates indicated: March 31, 2023 Total Level 1 Level 2 Level 3 Debt securities available for sale U.S government agencies $ 15,565 $ — $ 15,565 $ — MBS, residential 101,131 — 101,131 — Municipal bonds 3,432 — 3,432 — Corporate bonds 34,590 — 34,590 — Total debt securities available for sale $ 154,718 $ — $ 154,718 $ — Loans held for sale $ 1,209 $ — $ 1,209 $ — June 30, 2022 Total Level 1 Level 2 Level 3 Debt securities available for sale U.S government agencies $ 18,459 $ — $ 18,459 $ — MBS, residential 47,233 — 47,233 — Municipal bonds 5,558 — 5,558 — Corporate bonds 55,728 — 55,728 — Total debt securities available for sale $ 126,978 $ — $ 126,978 $ — Loans held for sale carried at fair value are valued at the individual loan level using quoted secondary market prices. There were no transfers between levels during the nine months ended March 31, 2023 and June 30, 2022. The following table presents financial assets measured at fair value on a non-recurring basis at the dates indicated: March 31, 2023 Total Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate Commercial real estate - owner occupied $ 920 $ — $ — $ 920 Commercial real estate - non-owner occupied 2,971 — — 2,971 Commercial loans Commercial and industrial 336 — — 336 Total $ 4,227 $ — $ — $ 4,227 June 30, 2022 Total Level 1 Level 2 Level 3 Collateral dependent loans Commercial loans Commercial and industrial $ 415 $ — $ — $ 415 A loan is considered to be collateral dependent when, based on current information and events, the Company expects repayment of the financial assets to be provided substantially through the operation or sale of the collateral and the Company has determined that the borrower is experiencing financial difficulty as of the measurement date. For real estate loans, the fair value of the loan's collateral is determined by a third party appraisal, which is then adjusted for the estimated selling and closing costs related to liquidation of the collateral (typically ranging from 8% to 12% of the appraised value). For this asset class, the actual valuation methods (income, sales comparable, or cost) vary based on the status of the project or property. Additional discounts of 5% to 15% may be applied depending on the age of the appraisals. The unobservable inputs may vary depending on the individual asset with no one of the three methods being the predominant approach. For non-real estate loans, the fair value of the loan's collateral may be determined using an appraisal, net book value per the borrower's financial statements, or aging reports, adjusted or discounted based on management's historical knowledge, changes in market conditions from the time of the valuation, and management's expertise and knowledge of the customer and customer's business. The stated carrying value and estimated fair value amounts of financial instruments as of March 31, 2023 and June 30, 2022, are summarized below: March 31, 2023 Carrying Fair Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 314,413 $ 314,413 $ 314,413 $ — $ — Certificates of deposit in other banks 33,102 33,102 — 33,102 — Debt securities available for sale, at fair value 154,718 154,718 — 154,718 — FHLB and FRB stock 19,125 N/A N/A N/A N/A SBIC investments, at cost 13,620 13,620 — — 13,620 Loans held for sale, at fair value 1,209 1,209 — 1,209 — Loans held for sale, at the lower of cost 89,172 91,040 — — 91,040 Loans, net 3,601,830 3,468,167 — — 3,468,167 Accrued interest receivable 13,813 13,813 — 786 13,027 Liabilities Noninterest-bearing and NOW deposits 1,550,670 1,550,670 — 1,550,670 — Money market accounts 1,299,503 1,299,503 — 1,299,503 — Savings accounts 228,390 228,390 — 228,390 — Certificates of deposit 597,036 588,776 — 588,776 — Junior subordinated debt 9,945 9,980 — 9,980 — Borrowings 320,263 320,261 — 320,261 — Accrued interest payable 1,660 1,660 — 1,660 — June 30, 2022 Carrying Fair Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 105,119 $ 105,119 $ 105,119 $ — $ — Commercial paper, net 194,427 194,427 194,427 — — Certificates of deposit in other banks 23,551 23,551 — 23,551 — Debt securities available for sale 126,978 126,978 — 126,978 — FHLB and FRB stock 9,326 N/A N/A N/A N/A SBIC investments, at cost 12,758 12,758 — — 12,758 Loans held for sale 79,307 80,489 — — 80,489 Loans, net 2,734,605 2,687,293 — — 2,687,293 Accrued interest receivable 8,573 8,573 24 580 7,969 Liabilities Noninterest-bearing and NOW deposits 1,400,727 1,400,727 — 1,400,727 — Money market accounts 969,661 969,661 — 969,661 — Savings accounts 238,197 238,197 — 238,197 — Certificates of deposit 491,176 485,452 — 485,452 — Accrued interest payable 80 80 — 80 — The Company had off-balance sheet financial commitments, which included approximately $993,018 and $921,239 of commitments to originate loans, undisbursed portions of construction loans, unused lines of credit, and standby letters of credit at March 31, 2023 and June 30, 2022, respectively (see "Note 12 – Commitments and Contingencies"). Since these commitments are based on current rates, the carrying amount approximates the fair value. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Accounting | The accompanying unaudited consolidated financial statements have been prepared in accordance with US GAAP for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the SEC. Accordingly, they do not include all the information and footnotes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. It is recommended that these unaudited interim consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended June 30, 2022 ("2022 Form 10-K") filed with the SEC on September 12, 2022. The results of operations for the nine months ended March 31, 2023 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2023. |
Use of Estimates | The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements. Various elements of the Company's accounting policies, by their nature, are inherently subject to estimation techniques, valuation assumptions, and other subjective assessments. In particular, management has identified the determination of the provision and the ACL on loans as an accounting policy that, due to the judgments, estimates and assumptions inherent in this policy, is critical to an understanding of the Company's financial statements. This policy and the related judgments, estimates and assumptions is described in greater detail in the notes to the Consolidated Financial Statements and Management's Discussion and Analysis of Financial Condition and Results of Operations (Critical Accounting Policies) in the 2022 Form 10-K. Management believes that the judgments, estimates, and assumptions used in the preparation of the financial statements are appropriate based on the factual circumstances at the time. However, given the sensitivity of the financial statements to this critical accounting policy, the use of other judgments, estimates, and assumptions could result in material differences in the Company's results of operations or financial condition. Further, subsequent changes in economic or market conditions could have a material impact on this estimate and the Company's financial condition and operating results in future periods. |
Reclassifications | Reclassifications To maintain consistency and comparability, certain amounts from prior periods have been reclassified to conform to current period presentation with no effect on net income or stockholders’ equity as previously reported. |
Newly Issued but Not Yet Effective Accounting Standards | Newly Issued but Not Yet Effective Accounting Standards ASU 2022-02, "Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures." This ASU eliminates the TDR recognition and measurement guidance and requires that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan. The amendment also adjusts the disclosures related to modifications and requires entities to disclose current-period gross write-offs by year of origination within the existing vintage disclosures. The amendments in this ASU are effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years and early adoption is permitted. The Company is currently evaluating the impact of adopting the new guidance on the consolidated financial statements. |
Loans Held for Sale | Loans Held for Sale Residential mortgages originated and intended for sale in the secondary market through mandatory delivery contracts are recorded at fair value (fair value option elected). The fair value includes the servicing value of the loans as well as any accrued interest, with changes in value recorded through the gain on sale of loans held for sale. Conversely, residential mortgages originated and intended for sale in the secondary market on a best efforts basis are sold with servicing released and carried at the lower of cost or fair value as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. The Company originates loans guaranteed by the SBA for the purchase of businesses, business startups, business expansion, equipment, and working capital. All SBA loans are underwritten and documented as prescribed by the SBA. SBA loans are generally fully amortizing and have maturity dates and amortizations of up to 25 years. SBA loans are classified as held for sale and are carried at the lower of cost or fair value. The guaranteed portion of the loan is sold and the servicing rights are retained. A gain is recorded for any premium received in excess of the carrying value of the net assets transferred in the sale and is included in the gain on sale of loans held for sale. The portion of SBA loans that are retained are adjusted to fair value and reclassified to total loans, net of deferred costs (loans held for investment). The net value of the retained loans is included in the appropriate loan classification for disclosure purposes. HELOCs held for sale are originated through a third party in various states outside the Company's geographic footprint, but are underwritten to the Company's underwriting guidelines. The loans are generally held for sale by the Company over a 90 to 180 day period and are serviced by the third party. The loans are marketed by the third party to investors in pools and once sold the Company recognizes a gain or loss on the sale which is recorded through the gain on sale of loans held for sale. |
Derivative Instruments and Hedging | Derivative Instruments and Hedging The Company holds and issues derivative financial instruments such as IRLCs and other forward sale commitments. IRLCs are subject to pricing risk primarily related to fluctuations in market interest rates. To hedge the interest rate risk on certain IRLCs, the Company uses forward sale commitments such as TBAs or mandatory delivery commitments with investors. Management expects these forward sale commitments to experience changes in fair value opposite to the changes in fair value of the IRLCs, thereby reducing earnings volatility. Forward sale commitments are also used to hedge the interest rate risk on mortgage loans held for sale that are not committed to investors and still subject to price risk. If the mandatory delivery commitments are not fulfilled, the Company pays a pair-off fee. Best effort forward sale commitments are also executed with investors, whereby certain loans are locked with a borrower and simultaneously committed to an investor at a fixed price. If the best effort IRLC does not fund, there is no obligation to fulfill the investor commitment. The Company considers various factors and strategies in determining what portion of the IRLCs and uncommitted mortgage loans held for sale to economically hedge. All derivative instruments are recognized as other assets or other liabilities on the consolidated statements of financial condition at their fair value. Changes in the fair value of the derivative instruments and gains and losses resulting from the pairing-out of forward sale commitments are recognized in the gain on sale of loans held for sale on the consolidated statements of income in the period in which they occur. The Company accounts for all derivative instruments as free-standing derivative instruments and does not designate any for hedge accounting. |
Merger with Quantum (Tables)
Merger with Quantum (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Business Combination and Asset Acquisition [Abstract] | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table provides a summary of the assets acquired, liabilities assumed, associated preliminary fair value adjustments, and provisional period adjustments by the Company as of the merger date. As provided for under US GAAP, management has up to 12 months following the date of merger to finalize the fair value adjustments. Quantum Fair Value Adjustments Provisional Period Adjustments As Recorded by HomeTrust Assets acquired Cash and cash equivalents $ 47,769 $ — $ — $ 47,769 Debt securities available for sale 10,608 — — 10,608 FHLB and FRB stock 1,125 — — 1,125 Loans (1) 567,140 (5,207) — 561,933 Premises and equipment 4,415 4,668 — 9,083 Accrued interest receivable 1,706 — — 1,706 BOLI 9,066 — — 9,066 Core deposit intangibles — 12,210 — 12,210 Other assets 2,727 569 — 3,296 Total assets acquired $ 644,556 $ 12,240 $ — $ 656,796 Liabilities assumed Deposits $ 570,419 $ 183 $ — $ 570,602 Junior subordinated debt 11,341 (1,408) — 9,933 Other borrowings 24,728 — — 24,728 Deferred income taxes — 1,341 — 1,341 Other liabilities 3,334 — — 3,334 Total liabilities assumed $ 609,822 $ 116 $ — $ 609,938 Net assets acquired $ 46,858 (1) Adjustments to Quantum's total loans include the elimination of Quantum's existing allowance for loan losses of $6.0 million, the recognition of an ACL at close on PCD loans of $0.4 million, and adjustments to reflect the estimated credit fair value mark on the non-PCD loan portfolio of $3.0 million and the estimated interest rate fair value adjustment on the loan portfolio as a whole (non-PCD and PCD) of $7.9 million. |
Schedule of Business Acquisitions, by Acquisition | Quantum Fair Value Adjustments Provisional Period Adjustments As Recorded by HomeTrust Consideration paid Common stock consideration Shares of Quantum 574,157 Exchange ratio 2.3942 HomeTrust common stock issued 1,374,647 Price per share of HomeTrust common stock on February 10, 2023 $ 27.45 HomeTrust common stock consideration $ 37,734 Cash consideration (2) 17,168 Total consideration $ 54,902 Goodwill $ 8,044 (2) As indicated in the Current Report on Form 8-K/A filed with the SEC on March 30, 2023, the amount of cash consideration paid at closing differs from the $57.54 per share, or $33.0 million, reported in the Current Report on Form 8-K filed on February 13, 2023, which announced the closing of the merger. Consistent with the merger agreement, between the execution of the merger agreement and the transaction closing date, Quantum's principal stockholders had the option to withdraw some or all of the amount of cash consideration to eventually be paid at closing in advance of the closing date. The amount of cash consideration paid at closing was reduced by the amount withdrawn during this time period. |
Financing Receivable, Purchased With Credit Deterioration | The following table provides a summary of PCD loans purchased as part of the Quantum merger as of the merger date: Commercial Real Estate Commercial Residential Real Estate Consumer Total Unpaid principal balance $ 4,472 $ 9,631 $ 393 $ — $ 14,496 ACL (292) (72) (5) — (369) Non-credit premium (discount) (1,448) (190) 4 — (1,634) Fair value of PCD loans at merger date $ 2,732 $ 9,369 $ 392 $ — $ 12,493 |
Business Acquisition, Pro Forma Information | The following unaudited pro forma combined condensed consolidated financial information presents the results of operations of the Company, including the effects of purchase accounting adjustments and acquisition expenses, had the merger taken place at July 1, 2021. The schedule excludes merger-related credit loss and merger-related expenses. (Unaudited) Three Months Ended Nine Months Ended March 31, March 31, 2023 2022 2023 2022 Interest and dividend income $ 56,512 $ 36,480 $ 154,621 $ 112,282 Interest expense 10,201 1,514 17,606 5,021 Net interest income 46,311 34,966 137,015 107,261 Provision (benefit) for credit losses 3,490 (45) 9,717 (4,490) Net interest income after provision (benefit) for credit losses 42,821 35,011 127,298 111,751 Noninterest income 8,835 9,399 26,068 34,055 Noninterest expense 30,296 30,293 89,928 91,715 Net income before income taxes 21,360 14,117 63,438 54,091 Income tax expense 4,470 3,103 14,026 11,823 Net income $ 16,890 $ 11,014 $ 49,412 $ 42,268 Per share data Net income per common share Basic $ 0.96 $ 0.65 $ 2.93 $ 2.46 Diluted $ 0.96 $ 0.64 $ 2.91 $ 2.41 Average shares outstanding Basic 17,396,640 16,898,459 16,715,868 17,040,739 Diluted 17,451,762 17,167,658 16,823,706 17,372,023 |
Debt Securities (Tables)
Debt Securities (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
Schedule of Available-for-sale Securities Reconciliation | Debt securities available for sale consist of the following at the dates indicated: March 31, 2023 Amortized Gross Gross Estimated U.S. government agencies $ 15,999 $ — $ (434) $ 15,565 MBS, residential 103,078 135 (2,082) 101,131 Municipal bonds 3,513 — (81) 3,432 Corporate bonds 36,068 — (1,478) 34,590 Total $ 158,658 $ 135 $ (4,075) $ 154,718 June 30, 2022 Amortized Gross Gross Estimated U.S. government agencies $ 18,993 $ 5 $ (539) $ 18,459 MBS, residential 48,377 3 (1,147) 47,233 Municipal bonds 5,545 31 (18) 5,558 Corporate bonds 57,184 1 (1,457) 55,728 Total $ 130,099 $ 40 $ (3,161) $ 126,978 |
Investments Classified by Contractual Maturity Date | Debt securities available for sale by contractual maturity at March 31, 2023 and June 30, 2022 are shown below. MBS are not included in the maturity categories because the borrowers in the underlying pools may prepay without penalty; therefore, it is unlikely that the securities will pay at their stated maturity schedule. March 31, 2023 Amortized Estimated Due within one year $ 47,067 $ 45,656 Due after one year through five years 3,000 2,940 Due after five years through ten years 5,513 4,991 Due after ten years — — MBS, residential 103,078 101,131 Total $ 158,658 $ 154,718 June 30, 2022 Amortized Estimated Due within one year $ 35,350 $ 34,956 Due after one year through five years 40,325 39,018 Due after five years through ten years 6,047 5,771 Due after ten years — — MBS, residential 48,377 47,233 Total $ 130,099 $ 126,978 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | The gross unrealized losses and the fair value for debt securities available for sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2023 and June 30, 2022 were as follows: March 31, 2023 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. government agencies $ 996 $ (4) $ 14,569 $ (430) $ 15,565 $ (434) MBS, residential 59,175 (826) 18,034 (1,256) 77,209 (2,082) Municipal bonds 3,432 (81) — — 3,432 (81) Corporate bonds 15,462 (205) 17,227 (1,273) 32,689 (1,478) Total $ 79,065 $ (1,116) $ 49,830 $ (2,959) $ 128,895 $ (4,075) June 30, 2022 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized U.S. government agencies $ 14,461 $ (539) $ — $ — $ 14,461 $ (539) MBS, residential 41,658 (994) 5,269 (153) 46,927 (1,147) Municipal bonds 1,970 (18) — — 1,970 (18) Corporate bonds 39,454 (730) 14,273 (727) 53,727 (1,457) Total $ 97,543 $ (2,281) $ 19,542 $ (880) $ 117,085 $ (3,161) |
Loans Held For Sale (Tables)
Loans Held For Sale (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Receivables [Abstract] | |
Schedule of Loans Held for Sale | Loans held for sale, at the lower of cost or fair value, consist of the following as of the dates indicated: March 31, 2023 June 30, 2022 One-to-four family $ 156 $ 4,176 SBA 29,884 14,774 HELOCs 59,132 60,357 Total loans held for sale, at the lower of cost or fair value $ 89,172 $ 79,307 Loans consist of the following at the dates indicated (1) : March 31, 2023 June 30, 2022 Commercial real estate loans Construction and land development $ 368,756 $ 291,202 Commercial real estate - owner occupied 524,247 335,658 Commercial real estate - non-owner occupied 926,991 662,159 Multifamily 85,285 81,086 Total commercial real estate loans 1,905,279 1,370,105 Commercial loans Commercial and industrial 229,840 193,313 Equipment finance 440,345 394,541 Municipal leases 138,436 129,766 Total commercial loans 808,621 717,620 Residential real estate loans Construction and land development 105,617 81,847 One-to-four family 518,274 354,203 HELOCs 193,037 160,137 Total residential real estate loans 816,928 596,187 Consumer loans 118,505 85,383 Total loans, net of deferred loan fees and costs 3,649,333 2,769,295 ACL on loans (47,503) (34,690) Loans, net $ 3,601,830 $ 2,734,605 (1) At March 31, 2023 and June 30, 2022 accrued interest receivable of $13,027 and $7,969 was accounted for separately from the amortized cost basis. Type of Collateral and Extent to Which Collateral Secures Financial Assets Financial Assets Not Considered Collateral Dependent March 31, 2023 Residential Property Investment Property Commercial Property Business Assets Total Commercial real estate Construction and land development $ — $ — $ — $ — $ 368,756 $ 368,756 Commercial real estate - owner occupied — — 1,054 — 523,193 524,247 Commercial real estate - non-owner occupied — — 3,025 — 923,966 926,991 Multifamily — — — — 85,285 85,285 Total commercial real estate — — 4,079 — 1,901,200 1,905,279 Commercial Commercial and industrial — — — 1,238 228,602 229,840 Equipment finance — — — — 440,345 440,345 Municipal leases — — — — 138,436 138,436 Total commercial — — — 1,238 807,383 808,621 Residential real estate Construction and land development — — — — 105,617 105,617 One-to-four family 758 — — — 517,516 518,274 HELOCs — — — — 193,037 193,037 Total residential real estate 758 — — — 816,170 816,928 Consumer — — — — 118,505 118,505 Total $ 758 $ — $ 4,079 $ 1,238 $ 3,643,258 $ 3,649,333 Total collateral value $ 1,435 $ — $ 8,870 $ 110 Type of Collateral and Extent to Which Collateral Secures Financial Assets Financial Assets Not Considered Collateral Dependent June 30, 2022 Residential Property Investment Property Commercial Property Business Assets Total Commercial real estate Construction and land development $ — $ — $ — $ — $ 291,202 $ 291,202 Commercial real estate - owner occupied — — — — 335,658 335,658 Commercial real estate - non-owner occupied — — — — 662,159 662,159 Multifamily — — — — 81,086 81,086 Total commercial real estate — — — — 1,370,105 1,370,105 Commercial Commercial and industrial — — — 2,594 190,719 193,313 Equipment finance — — — — 394,541 394,541 Municipal leases — — — — 129,766 129,766 Total commercial — — — 2,594 715,026 717,620 Residential real estate Construction and land development — — — — 81,847 81,847 One-to-four family 1,318 — — — 352,885 354,203 HELOCs — — — — 160,137 160,137 Total residential real estate 1,318 — — — 594,869 596,187 Consumer — — — — 85,383 85,383 Total $ 1,318 $ — $ — $ 2,594 $ 2,765,383 $ 2,769,295 Total collateral value $ 2,443 $ — $ — $ 69 |
Loans and Allowance for Credi_2
Loans and Allowance for Credit Losses on Loans (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Receivables [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable | Loans held for sale, at the lower of cost or fair value, consist of the following as of the dates indicated: March 31, 2023 June 30, 2022 One-to-four family $ 156 $ 4,176 SBA 29,884 14,774 HELOCs 59,132 60,357 Total loans held for sale, at the lower of cost or fair value $ 89,172 $ 79,307 Loans consist of the following at the dates indicated (1) : March 31, 2023 June 30, 2022 Commercial real estate loans Construction and land development $ 368,756 $ 291,202 Commercial real estate - owner occupied 524,247 335,658 Commercial real estate - non-owner occupied 926,991 662,159 Multifamily 85,285 81,086 Total commercial real estate loans 1,905,279 1,370,105 Commercial loans Commercial and industrial 229,840 193,313 Equipment finance 440,345 394,541 Municipal leases 138,436 129,766 Total commercial loans 808,621 717,620 Residential real estate loans Construction and land development 105,617 81,847 One-to-four family 518,274 354,203 HELOCs 193,037 160,137 Total residential real estate loans 816,928 596,187 Consumer loans 118,505 85,383 Total loans, net of deferred loan fees and costs 3,649,333 2,769,295 ACL on loans (47,503) (34,690) Loans, net $ 3,601,830 $ 2,734,605 (1) At March 31, 2023 and June 30, 2022 accrued interest receivable of $13,027 and $7,969 was accounted for separately from the amortized cost basis. Type of Collateral and Extent to Which Collateral Secures Financial Assets Financial Assets Not Considered Collateral Dependent March 31, 2023 Residential Property Investment Property Commercial Property Business Assets Total Commercial real estate Construction and land development $ — $ — $ — $ — $ 368,756 $ 368,756 Commercial real estate - owner occupied — — 1,054 — 523,193 524,247 Commercial real estate - non-owner occupied — — 3,025 — 923,966 926,991 Multifamily — — — — 85,285 85,285 Total commercial real estate — — 4,079 — 1,901,200 1,905,279 Commercial Commercial and industrial — — — 1,238 228,602 229,840 Equipment finance — — — — 440,345 440,345 Municipal leases — — — — 138,436 138,436 Total commercial — — — 1,238 807,383 808,621 Residential real estate Construction and land development — — — — 105,617 105,617 One-to-four family 758 — — — 517,516 518,274 HELOCs — — — — 193,037 193,037 Total residential real estate 758 — — — 816,170 816,928 Consumer — — — — 118,505 118,505 Total $ 758 $ — $ 4,079 $ 1,238 $ 3,643,258 $ 3,649,333 Total collateral value $ 1,435 $ — $ 8,870 $ 110 Type of Collateral and Extent to Which Collateral Secures Financial Assets Financial Assets Not Considered Collateral Dependent June 30, 2022 Residential Property Investment Property Commercial Property Business Assets Total Commercial real estate Construction and land development $ — $ — $ — $ — $ 291,202 $ 291,202 Commercial real estate - owner occupied — — — — 335,658 335,658 Commercial real estate - non-owner occupied — — — — 662,159 662,159 Multifamily — — — — 81,086 81,086 Total commercial real estate — — — — 1,370,105 1,370,105 Commercial Commercial and industrial — — — 2,594 190,719 193,313 Equipment finance — — — — 394,541 394,541 Municipal leases — — — — 129,766 129,766 Total commercial — — — 2,594 715,026 717,620 Residential real estate Construction and land development — — — — 81,847 81,847 One-to-four family 1,318 — — — 352,885 354,203 HELOCs — — — — 160,137 160,137 Total residential real estate 1,318 — — — 594,869 596,187 Consumer — — — — 85,383 85,383 Total $ 1,318 $ — $ — $ 2,594 $ 2,765,383 $ 2,769,295 Total collateral value $ 2,443 $ — $ — $ 69 |
Financing Receivable Credit Quality Indicators | The following table presents the credit risk profile by risk grade for commercial real estate, commercial, residential real estate, and consumer loans by origination year as of March 31, 2023: Term Loans By Origination Fiscal Year March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Construction and land development Risk rating Pass $ 40,745 $ 45,061 $ 9,070 $ 2,766 $ 1,549 $ 6,920 $ 261,693 $ 367,804 Special mention 73 — — — — — 362 435 Substandard — 481 — — — 36 — 517 Doubtful — — — — — — — — Loss — — — — — — — — Total construction and land development 40,818 45,542 9,070 2,766 1,549 6,956 262,055 368,756 Commercial real estate - owner occupied Risk rating Pass 195,337 65,636 67,866 42,634 38,712 81,856 24,534 516,575 Special mention — 132 — 380 376 2,934 — 3,822 Substandard 1,054 — — — — 2,496 300 3,850 Doubtful — — — — — — — — Loss — — — — — — — — Total commercial real estate - owner occupied 196,391 65,768 67,866 43,014 39,088 87,286 24,834 524,247 Commercial real estate - non-owner occupied Risk rating Pass 237,787 106,637 117,075 89,284 55,862 233,180 74,662 914,487 Special mention 2,390 — — — — 4,517 5,341 12,248 Substandard 256 — — — — — — 256 Doubtful — — — — — — — — Loss — — — — — — — — Total commercial real estate - non-owner occupied 240,433 106,637 117,075 89,284 55,862 237,697 80,003 926,991 Multifamily Risk rating Pass 18,584 11,649 18,759 10,286 3,341 21,409 863 84,891 Special mention — — — — 29 62 — 91 Substandard — — — — — 303 — 303 Doubtful — — — — — — — — Loss — — — — — — — — Total multifamily 18,584 11,649 18,759 10,286 3,370 21,774 863 85,285 Total commercial real estate Risk rating Pass $ 492,453 $ 228,983 $ 212,770 $ 144,970 $ 99,464 $ 343,365 $ 361,752 $ 1,883,757 Special mention 2,463 132 — 380 405 7,513 5,703 16,596 Substandard 1,310 481 — — — 2,835 300 4,926 Doubtful — — — — — — — — Loss — — — — — — — — Total commercial real estate $ 496,226 $ 229,596 $ 212,770 $ 145,350 $ 99,869 $ 353,713 $ 367,755 $ 1,905,279 Term Loans By Origination Fiscal Year March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Commercial and industrial Risk rating Pass $ 54,377 $ 62,247 $ 16,449 $ 12,538 $ 6,893 $ 20,989 $ 48,060 $ 221,553 Special mention — 327 465 93 139 — — 1,024 Substandard 1,633 13 25 588 864 44 3,513 6,680 Doubtful — — 70 — 152 — 360 582 Loss — — — — — 1 — 1 Total commercial and industrial 56,010 62,587 17,009 13,219 8,048 21,034 51,933 229,840 Equipment finance Risk rating Pass 146,546 149,488 83,516 43,049 13,619 734 — 436,952 Special mention — 143 349 497 441 — — 1,430 Substandard — 81 — 20 145 — — 246 Doubtful — 815 527 233 138 — — 1,713 Loss — — — — 4 — — 4 Total equipment finance 146,546 150,527 84,392 43,799 14,347 734 — 440,345 Municipal leases Risk rating Pass 17,088 28,164 22,987 8,495 9,990 45,723 5,989 138,436 Special mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total municipal leases 17,088 28,164 22,987 8,495 9,990 45,723 5,989 138,436 Total commercial Risk rating Pass $ 218,011 $ 239,899 $ 122,952 $ 64,082 $ 30,502 $ 67,446 $ 54,049 $ 796,941 Special mention — 470 814 590 580 — — 2,454 Substandard 1,633 94 25 608 1,009 44 3,513 6,926 Doubtful — 815 597 233 290 — 360 2,295 Loss — — — — 4 1 — 5 Total commercial $ 219,644 $ 241,278 $ 124,388 $ 65,513 $ 32,385 $ 67,491 $ 57,922 $ 808,621 Term Loans By Origination Fiscal Year March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Construction and land development Risk rating Pass $ 620 $ 857 $ — $ 48 $ — $ 1,311 $ 102,447 $ 105,283 Special mention — — — — — — — — Substandard — — — — — 334 — 334 Doubtful — — — — — — — — Loss — — — — — — — — Total construction and land development 620 857 — 48 — 1,645 102,447 105,617 One-to-four family Risk rating Pass 119,751 84,901 96,028 47,502 27,421 121,007 15,971 512,581 Special mention 416 — — — — 587 — 1,003 Substandard — 126 — 56 — 4,471 — 4,653 Doubtful — — — — — 36 — 36 Loss — — — — — 1 — 1 Total one-to-four family 120,167 85,027 96,028 47,558 27,421 126,102 15,971 518,274 HELOCs Risk rating Pass 12,328 882 142 341 862 7,489 170,223 192,267 Special mention — — — — — — — — Substandard — 10 — — 46 673 12 741 Doubtful — — — — — 29 — 29 Loss — — — — — — — — Total HELOCs 12,328 892 142 341 908 8,191 170,235 193,037 Total residential real estate Risk rating Pass $ 132,699 $ 86,640 $ 96,170 $ 47,891 $ 28,283 $ 129,807 $ 288,641 $ 810,131 Special mention 416 — — — — 587 — 1,003 Substandard — 136 — 56 46 5,478 12 5,728 Doubtful — — — — — 65 — 65 Loss — — — — — 1 — 1 Total residential real estate $ 133,115 $ 86,776 $ 96,170 $ 47,947 $ 28,329 $ 135,938 $ 288,653 $ 816,928 Term Loans By Origination Fiscal Year March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Total consumer Risk rating Pass $ 62,141 $ 19,306 $ 14,570 $ 10,175 $ 6,539 $ 4,140 $ 531 $ 117,402 Special mention — — — — — — — — Substandard 55 251 221 277 80 181 37 1,102 Doubtful — — — — — — — — Loss — — — — 1 — — 1 Total consumer $ 62,196 $ 19,557 $ 14,791 $ 10,452 $ 6,620 $ 4,321 $ 568 $ 118,505 The following table presents the credit risk profile by risk grade for commercial real estate, commercial, residential real estate, and consumer loans by origination year as of June 30, 2022: Term Loans By Origination Fiscal Year June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Construction and land development Risk rating Pass $ 21,988 $ 5,686 $ 627 $ 2,089 $ 1,092 $ 5,819 $ 248,189 $ 285,490 Special mention — — — — — 97 4,677 4,774 Substandard 871 — — — — 67 — 938 Doubtful — — — — — — — — Loss — — — — — — — — Total construction and land development 22,859 5,686 627 2,089 1,092 5,983 252,866 291,202 Commercial real estate - owner occupied Risk rating Pass 55,167 71,429 45,665 43,786 21,720 74,602 16,857 329,226 Special mention — — 396 418 — 2,416 — 3,230 Substandard — — — — 577 2,227 398 3,202 Doubtful — — — — — — — — Loss — — — — — — — — Total commercial real estate - owner occupied 55,167 71,429 46,061 44,204 22,297 79,245 17,255 335,658 Commercial real estate - non-owner occupied Risk rating Pass 97,885 122,975 95,268 56,846 81,037 182,664 7,214 643,889 Special mention — — — — 13,844 4,421 — 18,265 Substandard — — — — — 5 — 5 Doubtful — — — — — — — — Loss — — — — — — — — Total commercial real estate - non-owner occupied 97,885 122,975 95,268 56,846 94,881 187,090 7,214 662,159 Multifamily Risk rating Pass 10,135 19,985 15,881 8,614 2,796 20,587 2,495 80,493 Special mention — — — 29 — 217 — 246 Substandard — — — — — 347 — 347 Doubtful — — — — — — — — Loss — — — — — — — — Total multifamily 10,135 19,985 15,881 8,643 2,796 21,151 2,495 81,086 Total commercial real estate Risk rating Pass $ 185,175 $ 220,075 $ 157,441 $ 111,335 $ 106,645 $ 283,672 $ 274,755 $ 1,339,098 Special mention — — 396 447 13,844 7,151 4,677 26,515 Substandard 871 — — — 577 2,646 398 4,492 Doubtful — — — — — — — — Loss — — — — — — — — Total commercial real estate $ 186,046 $ 220,075 $ 157,837 $ 111,782 $ 121,066 $ 293,469 $ 279,830 $ 1,370,105 Term Loans By Origination Fiscal Year June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Commercial and industrial Risk rating Pass $ 70,863 $ 21,434 $ 11,647 $ 9,377 $ 6,338 $ 20,856 $ 43,119 $ 183,634 Special mention — 346 260 364 — — 1,957 2,927 Substandard — 770 343 1,152 — 52 4,337 6,654 Doubtful — 98 — — — — — 98 Loss — — — — — — — — Total commercial and industrial 70,863 22,648 12,250 10,893 6,338 20,908 49,413 193,313 Equipment finance Risk rating Pass 186,139 113,363 64,400 26,467 1,755 — — 392,124 Special mention 200 331 1,002 547 — — — 2,080 Substandard — 123 18 159 — — — 300 Doubtful 32 — — 5 — — — 37 Loss — — — — — — — — Total equipment finance 186,371 113,817 65,420 27,178 1,755 — — 394,541 Municipal leases Risk rating Pass 19,425 24,480 8,962 11,034 13,584 39,529 12,715 129,729 Special mention — 37 — — — — — 37 Substandard — — — — — — — — Doubtful — — — — — — — — Loss — — — — — — — — Total municipal leases 19,425 24,517 8,962 11,034 13,584 39,529 12,715 129,766 Total commercial Risk rating Pass $ 276,427 $ 159,277 $ 85,009 $ 46,878 $ 21,677 $ 60,385 $ 55,834 $ 705,487 Special mention 200 714 1,262 911 — — 1,957 5,044 Substandard — 893 361 1,311 — 52 4,337 6,954 Doubtful 32 98 — 5 — — — 135 Loss — — — — — — — — Total commercial $ 276,659 $ 160,982 $ 86,632 $ 49,105 $ 21,677 $ 60,437 $ 62,128 $ 717,620 Term Loans By Origination Fiscal Year June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Construction and land development Risk rating Pass $ 864 $ — $ 53 $ — $ — $ 1,783 $ 78,775 $ 81,475 Special mention — — — — — — — — Substandard — — — — — 372 — 372 Doubtful — — — — — — — — Loss — — — — — — — — Total construction and land development 864 — 53 — — 2,155 78,775 81,847 One-to-four family Risk rating Pass 55,415 74,035 47,364 29,075 23,250 113,307 4,077 346,523 Special mention — — — — — 835 — 835 Substandard 128 — 1,002 540 430 4,590 — 6,690 Doubtful — — — — — 155 — 155 Loss — — — — — — — — Total one-to-four family 55,543 74,035 48,366 29,615 23,680 118,887 4,077 354,203 HELOCs Risk rating Pass 1,466 458 282 901 107 7,441 148,526 159,181 Special mention — — — — — — — — Substandard — — — — — 879 49 928 Doubtful — — — — — 28 — 28 Loss — — — — — — — — Total HELOCs 1,466 458 282 901 107 8,348 148,575 160,137 Total residential real estate Risk rating Pass $ 57,745 $ 74,493 $ 47,699 $ 29,976 $ 23,357 $ 122,531 $ 231,378 $ 587,179 Special mention — — — — — 835 — 835 Substandard 128 — 1,002 540 430 5,841 49 7,990 Doubtful — — — — — 183 — 183 Loss — — — — — — — — Total residential real estate $ 57,873 $ 74,493 $ 48,701 $ 30,516 $ 23,787 $ 129,390 $ 231,427 $ 596,187 Term Loans By Origination Fiscal Year June 30, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Total consumer Risk rating Pass $ 25,935 $ 20,443 $ 15,849 $ 11,329 $ 8,235 $ 2,398 $ 277 $ 84,466 Special mention — — — — — — — — Substandard 72 169 274 85 182 100 33 915 Doubtful — — — — — — — — Loss — — — 2 — — — 2 Total consumer $ 26,007 $ 20,612 $ 16,123 $ 11,416 $ 8,417 $ 2,498 $ 310 $ 85,383 |
Past Due Financing Receivables | The following tables present aging analyses of past due loans (including nonaccrual loans) by segment and class for the periods indicated below: Past Due Total 30-89 Days 90 Days+ Total Current Loans March 31, 2023 Commercial real estate Construction and land development $ — $ — $ — $ 368,756 $ 368,756 Commercial real estate - owner occupied 67 — 67 524,180 524,247 Commercial real estate - non-owner occupied — — — 926,991 926,991 Multifamily — — — 85,285 85,285 Total commercial real estate 67 — 67 1,905,212 1,905,279 Commercial Commercial and industrial — 620 620 229,220 229,840 Equipment finance 1,387 843 2,230 438,115 440,345 Municipal leases — — — 138,436 138,436 Total commercial 1,387 1,463 2,850 805,771 808,621 Residential real estate Construction and land development — 132 132 105,485 105,617 One-to-four family 830 1,178 2,008 516,266 518,274 HELOCs 245 914 1,159 191,878 193,037 Total residential real estate 1,075 2,224 3,299 813,629 816,928 Consumer 245 259 504 118,001 118,505 Total loans $ 2,774 $ 3,946 $ 6,720 $ 3,642,613 $ 3,649,333 Past Due Total 30-89 Days 90 Days+ Total Current Loans June 30, 2022 Commercial real estate Construction and land development $ — $ — $ — $ 291,202 $ 291,202 Commercial real estate - owner occupied — 52 52 335,606 335,658 Commercial real estate - non-owner occupied — — — 662,159 662,159 Multifamily — — — 81,086 81,086 Total commercial real estate — 52 52 1,370,053 1,370,105 Commercial Commercial and industrial 255 — 255 193,058 193,313 Equipment finance 186 56 242 394,299 394,541 Municipal leases — — — 129,766 129,766 Total commercial 441 56 497 717,123 717,620 Residential real estate Construction and land development 115 22 137 81,710 81,847 One-to-four family 910 1,394 2,304 351,899 354,203 HELOCs 283 122 405 159,732 160,137 Total residential real estate 1,308 1,538 2,846 593,341 596,187 Consumer 330 177 507 84,876 85,383 Total loans $ 2,079 $ 1,823 $ 3,902 $ 2,765,393 $ 2,769,295 |
Schedule of Past Due Loans Still Accruing and Nonaccruing Interest | The following table presents recorded investment in loans on nonaccrual status, by segment and class, including restructured loans. It also includes interest income recognized on nonaccrual loans for the nine months ended March 31, 2023. March 31, 2023 June 30, 2022 90 Days+ & Still Accruing as of March 31, 2023 Nonaccrual With No Allowance as of March 31, 2023 Interest Income Recognized Commercial real estate Construction and land development $ 36 $ 67 $ — $ — $ 1 Commercial real estate - owner occupied 603 706 — — 13 Commercial real estate - non-owner occupied 2 5 — — 6 Multifamily 89 103 — — 6 Total commercial real estate 730 881 — — 26 Commercial Commercial and industrial 1,389 1,951 — 59 92 Equipment finance 1,929 270 — — 100 Municipal leases 106 — — — 6 Total commercial 3,424 2,221 — 59 198 Residential real estate Construction and land development 132 137 — — 2 One-to-four family 2,000 1,773 — — 44 HELOCs 1,144 724 — — 37 Total residential real estate 3,276 2,634 — — 83 Consumer 481 384 — — 13 Total loans $ 7,911 $ 6,120 $ — $ 59 $ 320 |
Allowance for Credit Losses on Financing Receivables | The following tables present analyses of the ACL on loans by segment for the periods indicated below. In addition to the provision (benefit) for credit losses on loans presented below, provisions (benefits) of $400 and $758 for off-balance sheet credit exposures and $0 and $(250) for commercial paper were recorded for the three and nine months ended March 31, 2023, respectively. Provisions (benefits) of $650 and $415 for off-balance sheet credit exposures and $(55) and $(5) for commercial paper were recorded for the three and nine months ended March 31, 2022. For the three and nine months ended March 31, 2023 , $4.9 million and $0.4 million of the provision for credit losses were recognized to establish ACLs on both Quantum's loan portfolio and off-balance-sheet credit exposure, respectively. Three Months Ended March 31, 2023 Commercial Real Estate Commercial Residential Real Estate Consumer Total Balance at beginning of period $ 15,059 $ 12,382 $ 9,048 $ 2,370 $ 38,859 Provision (benefit) for credit losses 6,262 2,413 (100) (215) 8,360 Initial ACL on PCD loans 292 72 5 — 369 Charge-offs — (484) (3) (91) (578) Recoveries — 275 172 46 493 Net (charge-offs) recoveries — (209) 169 (45) (85) Balance at end of period $ 21,613 $ 14,658 $ 9,122 $ 2,110 $ 47,503 Nine Months Ended March 31, 2023 Commercial Real Estate Commercial Residential Real Estate Consumer Total Balance at beginning of period $ 13,414 $ 12,036 $ 7,611 $ 1,629 $ 34,690 Provision (benefit) for credit losses 7,904 4,709 1,267 599 14,479 Initial ACL on PCD loans 292 72 5 — 369 Charge-offs — (2,617) (126) (261) (3,004) Recoveries 3 458 365 143 969 Net (charge-offs) recoveries 3 (2,159) 239 (118) (2,035) Balance at end of period $ 21,613 $ 14,658 $ 9,122 $ 2,110 $ 47,503 Three Months Ended March 31, 2022 Commercial Real Estate Commercial Residential Real Estate Consumer Total Balance at beginning of period $ 12,750 $ 10,219 $ 5,917 $ 2,047 $ 30,933 Provision (benefit) for credit losses 62 (1,357) 1,063 (408) (640) Charge-offs — (261) (45) (28) (334) Recoveries 23 887 72 93 1,075 Net (charge-offs) recoveries 23 626 27 65 741 Balance at end of period $ 12,835 $ 9,488 $ 7,007 $ 1,704 $ 31,034 Nine Months Ended March 31, 2022 Commercial Real Estate Commercial Residential Real Estate Consumer Total Balance at beginning of period $ 15,084 $ 9,663 $ 8,185 $ 2,536 $ 35,468 Provision (benefit) for credit losses (2,527) 469 (1,463) (894) (4,415) Charge-offs (439) (1,572) (72) (107) (2,190) Recoveries 717 928 357 169 2,171 Net (charge-offs) recoveries 278 (644) 285 62 (19) Balance at end of period $ 12,835 $ 9,488 $ 7,007 $ 1,704 $ 31,034 |
Troubled Debt Restructurings on Financing Receivables | The following tables present a breakdown of the types of concessions made on TDRs by loan class for the periods indicated below: Three Months Ended March 31, 2023 2022 Number Pre Post Number Pre Post Other TDRs Commercial Commercial and industrial — $ — $ — 2 $ 841 $ 835 Residential real estate One-to-four family — — — 1 37 37 Consumer — — — 1 5 5 Total other TDRs — $ — $ — 4 $ 883 $ 877 Nine Months Ended March 31, 2023 2022 Number Pre Post Number Pre Post Below market interest rate Commercial loans Commercial and industrial 5 $ 569 $ 565 — $ — $ — Residential real estate One-to-four family — — — 1 124 121 Total below market interest rate 5 569 565 1 124 121 Extended payment terms Residential real estate One-to-four family — — — 1 35 35 HELOCs — — — 1 50 50 Total extended payment terms — — — 2 85 85 Other TDRs Commercial Commercial and industrial — — — 2 841 835 Residential real estate loans One-to-four family — — — 2 93 92 HELOCs — — — 1 18 18 Consumer 4 49 34 6 89 82 Total other TDRs 4 49 34 11 1,041 1,027 Total 9 $ 618 $ 599 14 $ 1,250 $ 1,233 |
Schedule of Trouble Debt Restructurings With Payment Default | The following tables present loans that were modified as TDRs within the previous 12 months and for which there was a payment default during the periods indicated below: Three Months Ended March 31, 2023 2022 Number of Recorded Number of Recorded Below market interest rate Commercial loans Commercial and industrial 5 $ 592 — $ — Nine Months Ended March 31, 2023 2022 Number of Recorded Number of Recorded Below market interest rate Commercial loans Commercial and industrial 6 $ 732 — $ — Extended payment terms Residential real estate loans One-to-four family 1 34 — — Other TDRs Consumer 1 2 2 44 Total 8 $ 768 2 $ 44 |
Deposit Accounts (Tables)
Deposit Accounts (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Deposits [Abstract] | |
Schedule of Deposit Accounts | Deposit accounts at the dates indicated consist of the following: March 31, 2023 June 30, 2022 Core deposits Noninterest-bearing accounts $ 872,492 $ 745,746 NOW accounts 678,178 654,981 Money market accounts 1,299,503 969,661 Savings accounts 228,390 238,197 Total core deposits 3,078,563 2,608,585 Certificates of deposit 597,036 491,176 Total $ 3,675,599 $ 3,099,761 |
Schedule of Maturities of Certificates of Deposit | As of March 31, 2023, scheduled maturities of certificates of deposit are as follows: Fiscal year ending June 30 Remaining 2023 $ 122,230 2024 414,223 2025 44,759 2026 7,288 2027 5,242 Thereafter 3,294 Total $ 597,036 |
Borrowings (Tables)
Borrowings (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Federal Home Loan Banks [Abstract] | |
Schedule of Debt | Borrowings, outside of junior subordinated debt, consist of the following at the dates indicated: March 31, 2023 June 30, 2022 Balance Weighted Balance Weighted FHLB advances $ 200,000 5.03 % $ — — % FRB advances 100,000 5.00 — — Revolving lines of credit 20,263 8.50 — — Total borrowings $ 320,263 5.24 % $ — — % |
Leases (Tables)
Leases (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Leases [Abstract] | |
Assets and Liabilities, Lessee | The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities. Supplemental Balance Sheet Information March 31, 2023 June 30, 2022 ROU assets $ 6,854 $ 5,846 Lease liabilities 7,872 6,641 Weighted-average remaining lease terms (years) 10.7 10.8 Weighted-average discount rate 3.24 % 2.90 % |
Lessee, Operating Lease, Liability, Maturity | The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2023: Fiscal year ending June 30 Remaining 2023 $ 422 2024 1,247 2025 946 2026 821 2027 838 Thereafter 5,267 Total undiscounted minimum lease payments 9,541 Less: amount representing interest (1,669) Total lease liability $ 7,872 |
Lease, Cost | The following table presents components of operating lease expense for the periods indicated: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Operating lease cost (included in occupancy expense, net) $ 394 $ 347 $ 1,086 $ 1,215 Variable lease cost (included in occupancy expense, net) 3 7 7 13 Sublease income (included in other, noninterest income) (42) (60) (127) (154) Total operating lease expense, net $ 355 $ 294 $ 966 $ 1,074 Supplemental lease cash flow information for the periods indicated: Nine Months Ended March 31, 2023 2022 ROU assets - noncash additions (operating leases) $ 2,108 $ 1,186 Cash paid for amounts included in the measurement of lease liabilities (operating leases) 994 1,281 Cash paid for amounts included in the measurement of lease liabilities (finance leases) 89 100 |
Schedule of Total Equipment Finance Operating Lease Income and Depreciation Expense | The following table presents total equipment finance operating lease income and depreciation expense for the periods indicated: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Operating lease income $ 1,505 $ 1,661 $ 4,246 $ 4,920 Depreciation expense 1,266 1,339 3,608 4,221 |
Lessor, Operating Lease, Payments to be Received, Maturity | The following schedule summarizes, as of March 31, 2023, aggregate future minimum lease payments to be received: Fiscal year ending June 30 Remaining 2023 $ 1,424 2024 5,206 2025 1,962 2026 689 2027 113 Thereafter — Total of future minimum lease payments $ 9,394 |
Sales-type and Direct Financing Leases, Lease Receivable, Maturity | The following schedule summarizes, as of March 31, 2023, aggregate future minimum finance lease payments to be received: Fiscal year ending June 30 Remaining 2023 $ 8,260 2024 22,284 2025 17,749 2026 13,532 2027 8,494 Thereafter 6,716 Total undiscounted minimum lease payments 77,035 Less: amount representing interest (10,304) Total lease receivable $ 66,731 |
Equity Incentive Plan (Tables)
Equity Incentive Plan (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | The table below presents share-based compensation expense and the estimated related tax benefit for stock options and restricted stock for the dates indicated below: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Share-based compensation expense $ 434 $ 507 $ 1,465 $ 1,407 Tax benefit 102 120 347 332 |
Equity Incentive Plan Stock Option Activity | The table below presents stock option activity and related information for the nine months ended March 31, 2023 and 2022: Options Weighted- Remaining Aggregate Options outstanding at June 30, 2021 1,319,456 $ 19.07 3.9 $ 11,657 Granted 42,850 31.35 — — Exercised (413,636) 14.70 — — Forfeited (20,800) 23.17 — — Options outstanding at March 31, 2022 927,870 $ 21.49 4.3 $ 7,541 Exercisable at March 31, 2022 756,720 $ 20.24 3.5 $ 7,028 Non-vested at March 31, 2022 171,150 $ 26.99 7.7 $ 513 Options outstanding at June 30, 2022 928,870 $ 21.49 4.1 $ 4,036 Granted 5,000 24.07 — — Exercised (351,596) 14.59 — — Forfeited (11,700) 25.36 — — Options outstanding at March 31, 2023 570,574 $ 25.68 5.3 $ 327 Exercisable at March 31, 2023 493,764 $ 25.39 4.9 $ 287 Non-vested at March 31, 2023 76,810 $ 27.55 8.2 $ 40 |
Assumptions Used In Estimating the Fair Value of Options Granted | Assumptions used in estimating the fair value of options granted during the nine months ended March 31, 2023 and March 31, 2022 are detailed below: March 31, 2023 March 31, 2022 Weighted-average volatility 27.78 % 28.02 % Expected dividend yield 1.62 % 1.12 % Risk-free interest rate 3.11 % 1.90 % Expected life (years) 6.5 6.5 Weighted-average fair value of options granted $ 6.77 $ 8.68 |
Schedule of Nonvested Restricted Stock Units Activity | The table below presents restricted stock award activity and related information: Restricted Weighted- Aggregate Non-vested at June 30, 2021 151,575 $ 25.06 $ 4,229 Granted 49,679 31.35 — Vested (53,744) 25.22 — Forfeited (12,000) 24.90 — Non-vested at March 31, 2022 135,510 $ 27.41 $ 2,817 Non-vested at June 30, 2022 135,910 $ 27.40 $ 2,345 Granted 75,358 27.24 — Vested (55,449) 27.38 — Forfeited (6,200) 27.64 — Non-vested at March 31, 2023 149,619 $ 27.31 $ 3,134 |
Net Income per Share (Tables)
Net Income per Share (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the computation of basic and diluted net income per common share for the periods indicated: Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Numerator Net income $ 6,734 $ 8,023 $ 29,591 $ 29,628 Allocation of earnings to participating securities (64) (69) (292) (254) Numerator for basic EPS - Net income available to common stockholders $ 6,670 $ 7,954 $ 29,299 $ 29,374 Effect of dilutive securities Dilutive effect of participating securities $ — $ — $ — $ — Numerator for diluted EPS $ 6,670 $ 7,954 $ 29,299 $ 29,374 Denominator Weighted-average common shares outstanding - basic 16,021,994 15,523,813 15,341,222 15,666,093 Dilutive effect of assumed exercises of stock options 55,122 269,199 107,838 331,284 Weighted-average common shares outstanding - diluted 16,077,116 15,793,012 15,449,060 15,997,377 Net income per share - basic $ 0.40 $ 0.51 $ 1.91 $ 1.87 Net income per share - diluted $ 0.40 $ 0.51 $ 1.90 $ 1.84 |
Fair Value of Financial Instr_2
Fair Value of Financial Instruments (Tables) | 9 Months Ended |
Mar. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table presents financial assets measured at fair value on a recurring basis at the dates indicated: March 31, 2023 Total Level 1 Level 2 Level 3 Debt securities available for sale U.S government agencies $ 15,565 $ — $ 15,565 $ — MBS, residential 101,131 — 101,131 — Municipal bonds 3,432 — 3,432 — Corporate bonds 34,590 — 34,590 — Total debt securities available for sale $ 154,718 $ — $ 154,718 $ — Loans held for sale $ 1,209 $ — $ 1,209 $ — June 30, 2022 Total Level 1 Level 2 Level 3 Debt securities available for sale U.S government agencies $ 18,459 $ — $ 18,459 $ — MBS, residential 47,233 — 47,233 — Municipal bonds 5,558 — 5,558 — Corporate bonds 55,728 — 55,728 — Total debt securities available for sale $ 126,978 $ — $ 126,978 $ — |
Fair Value Measurements, Nonrecurring | The following table presents financial assets measured at fair value on a non-recurring basis at the dates indicated: March 31, 2023 Total Level 1 Level 2 Level 3 Collateral dependent loans Commercial real estate Commercial real estate - owner occupied $ 920 $ — $ — $ 920 Commercial real estate - non-owner occupied 2,971 — — 2,971 Commercial loans Commercial and industrial 336 — — 336 Total $ 4,227 $ — $ — $ 4,227 June 30, 2022 Total Level 1 Level 2 Level 3 Collateral dependent loans Commercial loans Commercial and industrial $ 415 $ — $ — $ 415 |
Fair Value, by Balance Sheet Grouping | The stated carrying value and estimated fair value amounts of financial instruments as of March 31, 2023 and June 30, 2022, are summarized below: March 31, 2023 Carrying Fair Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 314,413 $ 314,413 $ 314,413 $ — $ — Certificates of deposit in other banks 33,102 33,102 — 33,102 — Debt securities available for sale, at fair value 154,718 154,718 — 154,718 — FHLB and FRB stock 19,125 N/A N/A N/A N/A SBIC investments, at cost 13,620 13,620 — — 13,620 Loans held for sale, at fair value 1,209 1,209 — 1,209 — Loans held for sale, at the lower of cost 89,172 91,040 — — 91,040 Loans, net 3,601,830 3,468,167 — — 3,468,167 Accrued interest receivable 13,813 13,813 — 786 13,027 Liabilities Noninterest-bearing and NOW deposits 1,550,670 1,550,670 — 1,550,670 — Money market accounts 1,299,503 1,299,503 — 1,299,503 — Savings accounts 228,390 228,390 — 228,390 — Certificates of deposit 597,036 588,776 — 588,776 — Junior subordinated debt 9,945 9,980 — 9,980 — Borrowings 320,263 320,261 — 320,261 — Accrued interest payable 1,660 1,660 — 1,660 — June 30, 2022 Carrying Fair Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 105,119 $ 105,119 $ 105,119 $ — $ — Commercial paper, net 194,427 194,427 194,427 — — Certificates of deposit in other banks 23,551 23,551 — 23,551 — Debt securities available for sale 126,978 126,978 — 126,978 — FHLB and FRB stock 9,326 N/A N/A N/A N/A SBIC investments, at cost 12,758 12,758 — — 12,758 Loans held for sale 79,307 80,489 — — 80,489 Loans, net 2,734,605 2,687,293 — — 2,687,293 Accrued interest receivable 8,573 8,573 24 580 7,969 Liabilities Noninterest-bearing and NOW deposits 1,400,727 1,400,727 — 1,400,727 — Money market accounts 969,661 969,661 — 969,661 — Savings accounts 238,197 238,197 — 238,197 — Certificates of deposit 491,176 485,452 — 485,452 — Accrued interest payable 80 80 — 80 — |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details) | Mar. 31, 2023 | Feb. 12, 2023 |
Business Acquisition [Line Items] | ||
Loans held for sale, term | 25 years | |
Quantum | ||
Business Acquisition [Line Items] | ||
Business acquisition, percentage of voting interests acquired | 100% |
Merger with Quantum - Narrative
Merger with Quantum - Narrative (Details) $ in Thousands | Feb. 12, 2023 USD ($) location | Mar. 31, 2023 USD ($) | Jun. 30, 2022 USD ($) |
Business Acquisition [Line Items] | |||
Number of locations | location | 2 | ||
Goodwill | $ 33,682 | $ 25,638 | |
Quantum | |||
Business Acquisition [Line Items] | |||
Aggregate amount of consideration to be paid | $ 70,800 | ||
Prepaid cash consideration to stockholders | 15,900 | ||
Goodwill | $ 8,044 |
Merger with Quantum - Schedule
Merger with Quantum - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - Quantum - USD ($) $ in Thousands | 2 Months Ended | |
Feb. 12, 2023 | Mar. 31, 2023 | |
Business Acquisition [Line Items] | ||
Cash and cash equivalents | $ 47,769 | $ 47,769 |
Debt securities available for sale | 10,608 | 10,608 |
FHLB and FRB stock | 1,125 | 1,125 |
Loans | 567,140 | 561,933 |
Fair Value Adjustments, Loans | (5,207) | |
Premises and equipment | 4,415 | 9,083 |
Fair Value Adjustments, Premises and equipment | 4,668 | |
Accrued interest receivable | 1,706 | 1,706 |
BOLI | 9,066 | 9,066 |
Core deposit intangibles | 0 | 12,210 |
Fair Value Adjustments, Core deposit intangibles | 12,210 | |
Other assets | 2,727 | 3,296 |
Fair Value Adjustments, Other assets | 569 | |
Total assets acquired | 644,556 | 656,796 |
Fair Value Adjustments, Total assets acquired | 12,240 | |
Deposits | 570,419 | 570,602 |
Fair Value Adjustments, Deposits | 183 | |
Junior subordinated debt | 11,341 | 9,933 |
Fair Value Adjustments, Junior subordinated debt | (1,408) | |
Other borrowings | 24,728 | 24,728 |
Deferred income taxes | 0 | 1,341 |
Fair Value Adjustments, Deferred income taxes | 1,341 | |
Other liabilities | 3,334 | 3,334 |
Total liabilities assumed | 609,822 | 609,938 |
Fair Value Adjustments, Total liabilities assumed | 116 | |
Net assets acquired | 46,858 | |
Adjustments, existing allowance for loan losses | 6,000 | |
Recognition of an ACL on PCD loans | $ 369 | 400 |
Estimated credit fair value mark on the non-PCD loan portfolio | 3,000 | |
Estimated interest rate fair value adjustment on the loan portfolio as a whole | $ 7,900 |
Merger with Quantum - Schedul_2
Merger with Quantum - Schedule of Business Acquisitions, by Acquisition (Details) $ / shares in Units, $ in Thousands | Mar. 30, 2023 USD ($) $ / shares | Feb. 12, 2023 USD ($) shares | Mar. 31, 2023 USD ($) | Feb. 10, 2023 $ / shares | Jun. 30, 2022 USD ($) |
Business Acquisition [Line Items] | |||||
Goodwill | $ 33,682 | $ 25,638 | |||
Quantum | |||||
Business Acquisition [Line Items] | |||||
Shares of Quantum (in shares) | shares | 574,157 | ||||
Exchange ratio | 2.3942 | ||||
Stock issued for Quantum merger (in shares) | shares | 1,374,647 | ||||
Price per share (in dollars per share) | $ / shares | $ 57.54 | $ 27.45 | |||
HomeTrust common stock consideration | $ 33,000 | $ 37,734 | |||
Cash consideration | 17,168 | ||||
Total consideration | 54,902 | ||||
Goodwill | $ 8,044 |
Merger with Quantum - Financing
Merger with Quantum - Financing Receivable, Purchased With Credit Deterioration (Details) - Quantum - USD ($) $ in Thousands | 2 Months Ended | |
Feb. 12, 2023 | Mar. 31, 2023 | |
Business Acquisition [Line Items] | ||
Unpaid principal balance | $ 14,496 | |
ACL | (369) | $ (400) |
Non-credit premium (discount) | (1,634) | |
Fair value of PCD loans at merger date | 12,493 | |
Commercial Real Estate | ||
Business Acquisition [Line Items] | ||
Unpaid principal balance | 4,472 | |
ACL | (292) | |
Non-credit premium (discount) | (1,448) | |
Fair value of PCD loans at merger date | 2,732 | |
Commercial | ||
Business Acquisition [Line Items] | ||
Unpaid principal balance | 9,631 | |
ACL | (72) | |
Non-credit premium (discount) | (190) | |
Fair value of PCD loans at merger date | 9,369 | |
Residential Real Estate | ||
Business Acquisition [Line Items] | ||
Unpaid principal balance | 393 | |
ACL | (5) | |
Non-credit premium (discount) | 4 | |
Fair value of PCD loans at merger date | 392 | |
Consumer | ||
Business Acquisition [Line Items] | ||
Unpaid principal balance | 0 | |
ACL | 0 | |
Non-credit premium (discount) | 0 | |
Fair value of PCD loans at merger date | $ 0 |
Merger with Quantum - Business
Merger with Quantum - Business Acquisition, Pro Forma Information (Details) - Quantum - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Business Acquisition [Line Items] | ||||
Interest and dividend income | $ 56,512 | $ 36,480 | $ 154,621 | $ 112,282 |
Interest expense | 10,201 | 1,514 | 17,606 | 5,021 |
Net interest income | 46,311 | 34,966 | 137,015 | 107,261 |
Provision (benefit) for credit losses | 3,490 | (45) | 9,717 | (4,490) |
Net interest income after provision (benefit) for credit losses | 42,821 | 35,011 | 127,298 | 111,751 |
Noninterest income | 8,835 | 9,399 | 26,068 | 34,055 |
Noninterest expense | 30,296 | 30,293 | 89,928 | 91,715 |
Net income before income taxes | 21,360 | 14,117 | 63,438 | 54,091 |
Income tax expense | 4,470 | 3,103 | 14,026 | 11,823 |
Net income | $ 16,890 | $ 11,014 | $ 49,412 | $ 42,268 |
Net income per common share, basic (in dollars per share) | $ 0.96 | $ 0.65 | $ 2.93 | $ 2.46 |
Net income per common share, diluted (in dollars per share) | $ 0.96 | $ 0.64 | $ 2.91 | $ 2.41 |
Average shares outstanding, basic (in shares) | 17,396,640 | 16,898,459 | 16,715,868 | 17,040,739 |
Average shares outstanding, diluted (in shares) | 17,451,762 | 17,167,658 | 16,823,706 | 17,372,023 |
Debt Securities - Available for
Debt Securities - Available for Sale Securities Table (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | $ 158,658 | $ 130,099 |
Gross Unrealized Gains | 135 | 40 |
Gross Unrealized Losses | (4,075) | (3,161) |
Estimated Fair Value | 154,718 | 126,978 |
U.S. government agencies | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 15,999 | 18,993 |
Gross Unrealized Gains | 0 | 5 |
Gross Unrealized Losses | (434) | (539) |
Estimated Fair Value | 15,565 | 18,459 |
MBS, residential | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 103,078 | 48,377 |
Gross Unrealized Gains | 135 | 3 |
Gross Unrealized Losses | (2,082) | (1,147) |
Estimated Fair Value | 101,131 | 47,233 |
Municipal bonds | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 3,513 | 5,545 |
Gross Unrealized Gains | 0 | 31 |
Gross Unrealized Losses | (81) | (18) |
Estimated Fair Value | 3,432 | 5,558 |
Corporate bonds | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 36,068 | 57,184 |
Gross Unrealized Gains | 0 | 1 |
Gross Unrealized Losses | (1,478) | (1,457) |
Estimated Fair Value | $ 34,590 | $ 55,728 |
Debt Securities - Schedule of I
Debt Securities - Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Amortized Cost | ||
Due within one year | $ 47,067 | $ 35,350 |
Due after one year through five years | 3,000 | 40,325 |
Due after five years through ten years | 5,513 | 6,047 |
Due after ten years | 0 | 0 |
Total | 158,658 | 130,099 |
Estimated Fair Value | ||
Due within one year | 45,656 | 34,956 |
Due after one year through five years | 2,940 | 39,018 |
Due after five years through ten years | 4,991 | 5,771 |
Due after ten years | 0 | 0 |
Estimated Fair Value | 154,718 | 126,978 |
MBS, residential | ||
Amortized Cost | ||
Total | 103,078 | 48,377 |
Estimated Fair Value | ||
Estimated Fair Value | $ 101,131 | $ 47,233 |
Debt Securities - Narrative (De
Debt Securities - Narrative (Details) | 9 Months Ended | ||
Mar. 31, 2023 USD ($) security | Mar. 31, 2022 USD ($) | Jun. 30, 2022 USD ($) security | |
Debt Securities, Available-for-sale [Line Items] | |||
Estimated Fair Value | $ 154,718,000 | $ 126,978,000 | |
Proceeds from sale of securities available for sale | 0 | $ 0 | |
Gross realized gain (loss) | 0 | $ 0 | |
Securities available for sale pledged as collateral market value | $ 56,884,000 | $ 41,876,000 | |
Number of securities with unrealized losses | security | 190 | 177 | |
Accrued interest receivable for investment securities available for sale | $ 518,000 | ||
Collateral Pledged | |||
Debt Securities, Available-for-sale [Line Items] | |||
Estimated Fair Value | $ 58,138,000 | $ 43,187,000 |
Debt Securities - Available f_2
Debt Securities - Available for Sale Securities Continuous Unrealized Loss Position Fair Value (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Debt Securities, Available-for-sale [Line Items] | ||
Estimated Fair Value | $ 154,718 | $ 126,978 |
Less than 12 Months, Fair Value | 79,065 | 97,543 |
12 Months or Longer, Fair Value | 49,830 | 19,542 |
Total, Fair Value | 128,895 | 117,085 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract] (Deprecated 2018-01-31) | ||
12 Months or More, Fair Value | (1,116) | (2,281) |
12 Months or More, Unrealized Losses | (2,959) | (880) |
Total, Unrealized Losses | (4,075) | (3,161) |
U.S. government agencies | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 Months, Fair Value | 996 | 14,461 |
12 Months or Longer, Fair Value | 14,569 | 0 |
Total, Fair Value | 15,565 | 14,461 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract] (Deprecated 2018-01-31) | ||
12 Months or More, Fair Value | (4) | (539) |
12 Months or More, Unrealized Losses | (430) | 0 |
Total, Unrealized Losses | (434) | (539) |
MBS, residential | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 Months, Fair Value | 59,175 | 41,658 |
12 Months or Longer, Fair Value | 18,034 | 5,269 |
Total, Fair Value | 77,209 | 46,927 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract] (Deprecated 2018-01-31) | ||
12 Months or More, Fair Value | (826) | (994) |
12 Months or More, Unrealized Losses | (1,256) | (153) |
Total, Unrealized Losses | (2,082) | (1,147) |
Municipal bonds | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 Months, Fair Value | 3,432 | 1,970 |
12 Months or Longer, Fair Value | 0 | 0 |
Total, Fair Value | 3,432 | 1,970 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract] (Deprecated 2018-01-31) | ||
12 Months or More, Fair Value | (81) | (18) |
12 Months or More, Unrealized Losses | 0 | 0 |
Total, Unrealized Losses | (81) | (18) |
Corporate bonds | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 Months, Fair Value | 15,462 | 39,454 |
12 Months or Longer, Fair Value | 17,227 | 14,273 |
Total, Fair Value | 32,689 | 53,727 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract] (Deprecated 2018-01-31) | ||
12 Months or More, Fair Value | (205) | (730) |
12 Months or More, Unrealized Losses | (1,273) | (727) |
Total, Unrealized Losses | (1,478) | (1,457) |
Collateral Pledged | ||
Debt Securities, Available-for-sale [Line Items] | ||
Estimated Fair Value | $ 58,138 | $ 43,187 |
Loans Held For Sale (Details)
Loans Held For Sale (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Accounts, Notes, Loans and Financing Receivable | ||
Total loans held for sale, at the lower of cost or fair value | $ 89,172 | $ 79,307 |
Loans held for sale, at fair value | 1,209 | 0 |
Amortized cost of loans held for sale | 1,179 | 0 |
One-to-four family | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans held for sale, at the lower of cost or fair value | 156 | 4,176 |
SBA | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans held for sale, at the lower of cost or fair value | 29,884 | 14,774 |
HELOCs | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans held for sale, at the lower of cost or fair value | $ 59,132 | $ 60,357 |
Loans and Allowance for Credi_3
Loans and Allowance for Credit Losses on Loans - Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | |
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | $ 3,649,333 | $ 3,649,333 | $ 2,769,295 | |||||
ACL on loans | (47,503) | $ (31,034) | (47,503) | $ (31,034) | $ (38,859) | (34,690) | $ (30,933) | $ (35,468) |
Loans, net | 3,601,830 | 3,601,830 | 2,734,605 | |||||
Accrued interest receivable | 13,027 | 13,027 | 7,969 | |||||
Provision (benefit) for credit losses | 8,360 | (640) | 14,479 | (4,415) | ||||
Charge-offs | (578) | (334) | (3,004) | (2,190) | ||||
Recoveries | 493 | 1,075 | 969 | 2,171 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff (Recovery) | (85) | 741 | (2,035) | (19) | ||||
Commercial Real Estate | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | 1,905,279 | 1,905,279 | 1,370,105 | |||||
ACL on loans | (21,613) | (12,835) | (21,613) | (12,835) | (15,059) | (13,414) | (12,750) | (15,084) |
Provision (benefit) for credit losses | 6,262 | 62 | 7,904 | (2,527) | ||||
Charge-offs | 0 | 0 | 0 | (439) | ||||
Recoveries | 0 | 23 | 3 | 717 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff (Recovery) | 0 | 23 | 3 | 278 | ||||
Commercial Real Estate | Construction Loans | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | 368,756 | 368,756 | 291,202 | |||||
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | 524,247 | 524,247 | 335,658 | |||||
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | 926,991 | 926,991 | 662,159 | |||||
Commercial Real Estate | Multifamily Loan | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | 85,285 | 85,285 | 81,086 | |||||
Commercial | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | 808,621 | 808,621 | 717,620 | |||||
ACL on loans | (14,658) | (9,488) | (14,658) | (9,488) | (12,382) | (12,036) | (10,219) | (9,663) |
Provision (benefit) for credit losses | 2,413 | (1,357) | 4,709 | 469 | ||||
Charge-offs | (484) | (261) | (2,617) | (1,572) | ||||
Recoveries | 275 | 887 | 458 | 928 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff (Recovery) | (209) | 626 | (2,159) | (644) | ||||
Commercial | Commercial and Industrial Loan | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | 229,840 | 229,840 | 193,313 | |||||
Commercial | Equipment Finance | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | 440,345 | 440,345 | 394,541 | |||||
Commercial | Municipal Loans | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | 138,436 | 138,436 | 129,766 | |||||
Residential Real Estate | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | 816,928 | 816,928 | 596,187 | |||||
ACL on loans | (9,122) | (7,007) | (9,122) | (7,007) | (9,048) | (7,611) | (5,917) | (8,185) |
Provision (benefit) for credit losses | (100) | 1,063 | 1,267 | (1,463) | ||||
Charge-offs | (3) | (45) | (126) | (72) | ||||
Recoveries | 172 | 72 | 365 | 357 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff (Recovery) | 169 | 27 | 239 | 285 | ||||
Residential Real Estate | Construction Loans | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | 105,617 | 105,617 | 81,847 | |||||
Residential Real Estate | One-To-Four Family Loan | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | 518,274 | 518,274 | 354,203 | |||||
Consumer | ||||||||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||||||||
Total loans, net of deferred loan fees and costs | 118,505 | 118,505 | 85,383 | |||||
ACL on loans | (2,110) | (1,704) | (2,110) | (1,704) | $ (2,370) | $ (1,629) | $ (2,047) | $ (2,536) |
Provision (benefit) for credit losses | (215) | (408) | 599 | (894) | ||||
Charge-offs | (91) | (28) | (261) | (107) | ||||
Recoveries | 46 | 93 | 143 | 169 | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff (Recovery) | $ (45) | $ 65 | $ (118) | $ 62 |
Loans and Allowance for Credi_4
Loans and Allowance for Credit Losses on Loans - Narrative (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Feb. 12, 2023 | Jun. 30, 2022 | |
Accounts, Notes, Loans and Financing Receivable | ||||||
Off-Balance-Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal) | $ 400 | $ 650 | $ 758 | $ 415 | ||
Commercial Paper, Credit Loss, Expense (Reversal) | 0 | (55) | (250) | (5) | ||
Provision (benefit) for credit losses | 8,360 | $ (640) | 14,479 | $ (4,415) | ||
Reserve for credit losses for off-balance sheet credit exposures included in other liabilities | 4,062 | 4,062 | $ 3,304 | |||
Performing financing receivable | ||||||
Accounts, Notes, Loans and Financing Receivable | ||||||
Performing restructured loans included in impaired loans | 8,548 | 8,548 | $ 9,818 | |||
Quantum | ||||||
Accounts, Notes, Loans and Financing Receivable | ||||||
Loans | 561,933 | 561,933 | $ 567,140 | |||
Provision (benefit) for credit losses | $ 4,900 | $ 400 |
Loans and Allowance for Credi_5
Loans and Allowance for Credit Losses on Loans - Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Financing Receivable, Recorded Investment | ||
Total loans, net of deferred loan fees and costs | $ 3,649,333 | $ 2,769,295 |
Commercial Real Estate | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 496,226 | 186,046 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 229,596 | 220,075 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 212,770 | 157,837 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 145,350 | 111,782 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 99,869 | 121,066 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 353,713 | 293,469 |
Financing Receivable, Excluding Accrued Interest, Revolving | 367,755 | 279,830 |
Total loans, net of deferred loan fees and costs | 1,905,279 | 1,370,105 |
Commercial Real Estate | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 492,453 | 185,175 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 228,983 | 220,075 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 212,770 | 157,441 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 144,970 | 111,335 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 99,464 | 106,645 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 343,365 | 283,672 |
Financing Receivable, Excluding Accrued Interest, Revolving | 361,752 | 274,755 |
Total loans, net of deferred loan fees and costs | 1,883,757 | 1,339,098 |
Commercial Real Estate | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 2,463 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 132 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 396 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 380 | 447 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 405 | 13,844 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 7,513 | 7,151 |
Financing Receivable, Excluding Accrued Interest, Revolving | 5,703 | 4,677 |
Total loans, net of deferred loan fees and costs | 16,596 | 26,515 |
Commercial Real Estate | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1,310 | 871 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 481 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 577 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,835 | 2,646 |
Financing Receivable, Excluding Accrued Interest, Revolving | 300 | 398 |
Total loans, net of deferred loan fees and costs | 4,926 | 4,492 |
Commercial Real Estate | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Construction Loans | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 40,818 | 22,859 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 45,542 | 5,686 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 9,070 | 627 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 2,766 | 2,089 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,549 | 1,092 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 6,956 | 5,983 |
Financing Receivable, Excluding Accrued Interest, Revolving | 262,055 | 252,866 |
Total loans, net of deferred loan fees and costs | 368,756 | 291,202 |
Commercial Real Estate | Construction Loans | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 40,745 | 21,988 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 45,061 | 5,686 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 9,070 | 627 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 2,766 | 2,089 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,549 | 1,092 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 6,920 | 5,819 |
Financing Receivable, Excluding Accrued Interest, Revolving | 261,693 | 248,189 |
Total loans, net of deferred loan fees and costs | 367,804 | 285,490 |
Commercial Real Estate | Construction Loans | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 73 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 97 |
Financing Receivable, Excluding Accrued Interest, Revolving | 362 | 4,677 |
Total loans, net of deferred loan fees and costs | 435 | 4,774 |
Commercial Real Estate | Construction Loans | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 871 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 481 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 36 | 67 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 517 | 938 |
Commercial Real Estate | Construction Loans | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Construction Loans | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 196,391 | 55,167 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 65,768 | 71,429 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 67,866 | 46,061 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 43,014 | 44,204 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 39,088 | 22,297 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 87,286 | 79,245 |
Financing Receivable, Excluding Accrued Interest, Revolving | 24,834 | 17,255 |
Total loans, net of deferred loan fees and costs | 524,247 | 335,658 |
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 195,337 | 55,167 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 65,636 | 71,429 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 67,866 | 45,665 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 42,634 | 43,786 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 38,712 | 21,720 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 81,856 | 74,602 |
Financing Receivable, Excluding Accrued Interest, Revolving | 24,534 | 16,857 |
Total loans, net of deferred loan fees and costs | 516,575 | 329,226 |
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 132 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 396 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 380 | 418 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 376 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,934 | 2,416 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 3,822 | 3,230 |
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1,054 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 577 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 2,496 | 2,227 |
Financing Receivable, Excluding Accrued Interest, Revolving | 300 | 398 |
Total loans, net of deferred loan fees and costs | 3,850 | 3,202 |
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 240,433 | 97,885 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 106,637 | 122,975 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 117,075 | 95,268 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 89,284 | 56,846 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 55,862 | 94,881 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 237,697 | 187,090 |
Financing Receivable, Excluding Accrued Interest, Revolving | 80,003 | 7,214 |
Total loans, net of deferred loan fees and costs | 926,991 | 662,159 |
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 237,787 | 97,885 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 106,637 | 122,975 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 117,075 | 95,268 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 89,284 | 56,846 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 55,862 | 81,037 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 233,180 | 182,664 |
Financing Receivable, Excluding Accrued Interest, Revolving | 74,662 | 7,214 |
Total loans, net of deferred loan fees and costs | 914,487 | 643,889 |
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 2,390 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 13,844 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 4,517 | 4,421 |
Financing Receivable, Excluding Accrued Interest, Revolving | 5,341 | 0 |
Total loans, net of deferred loan fees and costs | 12,248 | 18,265 |
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 256 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 5 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 256 | 5 |
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Multifamily Loan | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 18,584 | 10,135 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 11,649 | 19,985 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 18,759 | 15,881 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 10,286 | 8,643 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 3,370 | 2,796 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 21,774 | 21,151 |
Financing Receivable, Excluding Accrued Interest, Revolving | 863 | 2,495 |
Total loans, net of deferred loan fees and costs | 85,285 | 81,086 |
Commercial Real Estate | Multifamily Loan | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 18,584 | 10,135 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 11,649 | 19,985 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 18,759 | 15,881 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 10,286 | 8,614 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 3,341 | 2,796 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 21,409 | 20,587 |
Financing Receivable, Excluding Accrued Interest, Revolving | 863 | 2,495 |
Total loans, net of deferred loan fees and costs | 84,891 | 80,493 |
Commercial Real Estate | Multifamily Loan | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 29 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 29 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 62 | 217 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 91 | 246 |
Commercial Real Estate | Multifamily Loan | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 303 | 347 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 303 | 347 |
Commercial Real Estate | Multifamily Loan | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Multifamily Loan | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 219,644 | 276,659 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 241,278 | 160,982 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 124,388 | 86,632 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 65,513 | 49,105 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 32,385 | 21,677 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 67,491 | 60,437 |
Financing Receivable, Excluding Accrued Interest, Revolving | 57,922 | 62,128 |
Total loans, net of deferred loan fees and costs | 808,621 | 717,620 |
Commercial | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 218,011 | 276,427 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 239,899 | 159,277 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 122,952 | 85,009 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 64,082 | 46,878 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 30,502 | 21,677 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 67,446 | 60,385 |
Financing Receivable, Excluding Accrued Interest, Revolving | 54,049 | 55,834 |
Total loans, net of deferred loan fees and costs | 796,941 | 705,487 |
Commercial | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 200 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 470 | 714 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 814 | 1,262 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 590 | 911 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 580 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 1,957 |
Total loans, net of deferred loan fees and costs | 2,454 | 5,044 |
Commercial | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1,633 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 94 | 893 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 25 | 361 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 608 | 1,311 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1,009 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 44 | 52 |
Financing Receivable, Excluding Accrued Interest, Revolving | 3,513 | 4,337 |
Total loans, net of deferred loan fees and costs | 6,926 | 6,954 |
Commercial | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 32 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 815 | 98 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 597 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 233 | 5 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 290 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 360 | 0 |
Total loans, net of deferred loan fees and costs | 2,295 | 135 |
Commercial | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 4 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 5 | 0 |
Commercial | Commercial and Industrial Loan | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 56,010 | 70,863 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 62,587 | 22,648 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 17,009 | 12,250 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 13,219 | 10,893 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 8,048 | 6,338 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 21,034 | 20,908 |
Financing Receivable, Excluding Accrued Interest, Revolving | 51,933 | 49,413 |
Total loans, net of deferred loan fees and costs | 229,840 | 193,313 |
Commercial | Commercial and Industrial Loan | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 54,377 | 70,863 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 62,247 | 21,434 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 16,449 | 11,647 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 12,538 | 9,377 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 6,893 | 6,338 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 20,989 | 20,856 |
Financing Receivable, Excluding Accrued Interest, Revolving | 48,060 | 43,119 |
Total loans, net of deferred loan fees and costs | 221,553 | 183,634 |
Commercial | Commercial and Industrial Loan | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 327 | 346 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 465 | 260 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 93 | 364 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 139 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 1,957 |
Total loans, net of deferred loan fees and costs | 1,024 | 2,927 |
Commercial | Commercial and Industrial Loan | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 1,633 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 13 | 770 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 25 | 343 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 588 | 1,152 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 864 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 44 | 52 |
Financing Receivable, Excluding Accrued Interest, Revolving | 3,513 | 4,337 |
Total loans, net of deferred loan fees and costs | 6,680 | 6,654 |
Commercial | Commercial and Industrial Loan | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 98 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 70 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 152 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 360 | 0 |
Total loans, net of deferred loan fees and costs | 582 | 98 |
Commercial | Commercial and Industrial Loan | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 1 | 0 |
Commercial | Equipment Finance | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 146,546 | 186,371 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 150,527 | 113,817 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 84,392 | 65,420 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 43,799 | 27,178 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 14,347 | 1,755 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 734 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 440,345 | 394,541 |
Commercial | Equipment Finance | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 146,546 | 186,139 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 149,488 | 113,363 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 83,516 | 64,400 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 43,049 | 26,467 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 13,619 | 1,755 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 734 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 436,952 | 392,124 |
Commercial | Equipment Finance | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 200 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 143 | 331 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 349 | 1,002 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 497 | 547 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 441 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 1,430 | 2,080 |
Commercial | Equipment Finance | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 81 | 123 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 18 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 20 | 159 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 145 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 246 | 300 |
Commercial | Equipment Finance | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 32 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 815 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 527 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 233 | 5 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 138 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 1,713 | 37 |
Commercial | Equipment Finance | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 4 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 4 | 0 |
Commercial | Municipal Loans | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 17,088 | 19,425 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 28,164 | 24,517 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 22,987 | 8,962 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 8,495 | 11,034 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 9,990 | 13,584 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 45,723 | 39,529 |
Financing Receivable, Excluding Accrued Interest, Revolving | 5,989 | 12,715 |
Total loans, net of deferred loan fees and costs | 138,436 | 129,766 |
Commercial | Municipal Loans | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 17,088 | 19,425 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 28,164 | 24,480 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 22,987 | 8,962 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 8,495 | 11,034 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 9,990 | 13,584 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 45,723 | 39,529 |
Financing Receivable, Excluding Accrued Interest, Revolving | 5,989 | 12,715 |
Total loans, net of deferred loan fees and costs | 138,436 | 129,729 |
Commercial | Municipal Loans | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 37 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 37 |
Commercial | Municipal Loans | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial | Municipal Loans | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial | Municipal Loans | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Residential Real Estate | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 133,115 | 57,873 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 86,776 | 74,493 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 96,170 | 48,701 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 47,947 | 30,516 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 28,329 | 23,787 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 135,938 | 129,390 |
Financing Receivable, Excluding Accrued Interest, Revolving | 288,653 | 231,427 |
Total loans, net of deferred loan fees and costs | 816,928 | 596,187 |
Residential Real Estate | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 132,699 | 57,745 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 86,640 | 74,493 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 96,170 | 47,699 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 47,891 | 29,976 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 28,283 | 23,357 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 129,807 | 122,531 |
Financing Receivable, Excluding Accrued Interest, Revolving | 288,641 | 231,378 |
Total loans, net of deferred loan fees and costs | 810,131 | 587,179 |
Residential Real Estate | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 416 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 587 | 835 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 1,003 | 835 |
Residential Real Estate | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 128 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 136 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 1,002 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 56 | 540 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 46 | 430 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 5,478 | 5,841 |
Financing Receivable, Excluding Accrued Interest, Revolving | 12 | 49 |
Total loans, net of deferred loan fees and costs | 5,728 | 7,990 |
Residential Real Estate | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 65 | 183 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 65 | 183 |
Residential Real Estate | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 1 | 0 |
Residential Real Estate | Construction Loans | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 620 | 864 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 857 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 53 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 48 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,645 | 2,155 |
Financing Receivable, Excluding Accrued Interest, Revolving | 102,447 | 78,775 |
Total loans, net of deferred loan fees and costs | 105,617 | 81,847 |
Residential Real Estate | Construction Loans | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 620 | 864 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 857 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 53 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 48 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1,311 | 1,783 |
Financing Receivable, Excluding Accrued Interest, Revolving | 102,447 | 78,775 |
Total loans, net of deferred loan fees and costs | 105,283 | 81,475 |
Residential Real Estate | Construction Loans | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Residential Real Estate | Construction Loans | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 334 | 372 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 334 | 372 |
Residential Real Estate | Construction Loans | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Residential Real Estate | Construction Loans | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Residential Real Estate | One-To-Four Family Loan | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 120,167 | 55,543 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 85,027 | 74,035 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 96,028 | 48,366 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 47,558 | 29,615 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 27,421 | 23,680 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 126,102 | 118,887 |
Financing Receivable, Excluding Accrued Interest, Revolving | 15,971 | 4,077 |
Total loans, net of deferred loan fees and costs | 518,274 | 354,203 |
Residential Real Estate | One-To-Four Family Loan | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 119,751 | 55,415 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 84,901 | 74,035 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 96,028 | 47,364 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 47,502 | 29,075 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 27,421 | 23,250 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 121,007 | 113,307 |
Financing Receivable, Excluding Accrued Interest, Revolving | 15,971 | 4,077 |
Total loans, net of deferred loan fees and costs | 512,581 | 346,523 |
Residential Real Estate | One-To-Four Family Loan | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 416 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 587 | 835 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 1,003 | 835 |
Residential Real Estate | One-To-Four Family Loan | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 128 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 126 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 1,002 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 56 | 540 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 430 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 4,471 | 4,590 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 4,653 | 6,690 |
Residential Real Estate | One-To-Four Family Loan | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 36 | 155 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 36 | 155 |
Residential Real Estate | One-To-Four Family Loan | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 1 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 1 | 0 |
Residential Real Estate | HELOC's Loan | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 12,328 | 1,466 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 892 | 458 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 142 | 282 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 341 | 901 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 908 | 107 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 8,191 | 8,348 |
Financing Receivable, Excluding Accrued Interest, Revolving | 170,235 | 148,575 |
Total loans, net of deferred loan fees and costs | 193,037 | 160,137 |
Residential Real Estate | HELOC's Loan | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 12,328 | 1,466 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 882 | 458 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 142 | 282 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 341 | 901 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 862 | 107 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 7,489 | 7,441 |
Financing Receivable, Excluding Accrued Interest, Revolving | 170,223 | 148,526 |
Total loans, net of deferred loan fees and costs | 192,267 | 159,181 |
Residential Real Estate | HELOC's Loan | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Residential Real Estate | HELOC's Loan | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 10 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 46 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 673 | 879 |
Financing Receivable, Excluding Accrued Interest, Revolving | 12 | 49 |
Total loans, net of deferred loan fees and costs | 741 | 928 |
Residential Real Estate | HELOC's Loan | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 29 | 28 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 29 | 28 |
Residential Real Estate | HELOC's Loan | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Consumer | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 62,196 | 26,007 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 19,557 | 20,612 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 14,791 | 16,123 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 10,452 | 11,416 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 6,620 | 8,417 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 4,321 | 2,498 |
Financing Receivable, Excluding Accrued Interest, Revolving | 568 | 310 |
Total loans, net of deferred loan fees and costs | 118,505 | 85,383 |
Consumer | Pass | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 62,141 | 25,935 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 19,306 | 20,443 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 14,570 | 15,849 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 10,175 | 11,329 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 6,539 | 8,235 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 4,140 | 2,398 |
Financing Receivable, Excluding Accrued Interest, Revolving | 531 | 277 |
Total loans, net of deferred loan fees and costs | 117,402 | 84,466 |
Consumer | Special Mention | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Consumer | Substandard | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 55 | 72 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 251 | 169 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 221 | 274 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 277 | 85 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 80 | 182 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 181 | 100 |
Financing Receivable, Excluding Accrued Interest, Revolving | 37 | 33 |
Total loans, net of deferred loan fees and costs | 1,102 | 915 |
Consumer | Doubtful | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | 0 | 0 |
Consumer | Loss | ||
Financing Receivable, Recorded Investment | ||
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 2 |
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year | 1 | 0 |
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Excluding Accrued Interest, Revolving | 0 | 0 |
Total loans, net of deferred loan fees and costs | $ 1 | $ 2 |
Loans and Allowance for Credi_6
Loans and Allowance for Credit Losses on Loans - Past Due Financing Receivables (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | $ 3,649,333 | $ 2,769,295 |
30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 2,774 | 2,079 |
90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 3,946 | 1,823 |
Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 6,720 | 3,902 |
Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 3,642,613 | 2,765,393 |
Commercial Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 1,905,279 | 1,370,105 |
Commercial Real Estate | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 67 | 0 |
Commercial Real Estate | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 52 |
Commercial Real Estate | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 67 | 52 |
Commercial Real Estate | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 1,905,212 | 1,370,053 |
Commercial Real Estate | Construction Loans | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 368,756 | 291,202 |
Commercial Real Estate | Construction Loans | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Construction Loans | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Construction Loans | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Construction Loans | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 368,756 | 291,202 |
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 524,247 | 335,658 |
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 67 | 0 |
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 52 |
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 67 | 52 |
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 524,180 | 335,606 |
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 926,991 | 662,159 |
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 926,991 | 662,159 |
Commercial Real Estate | Multifamily Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 85,285 | 81,086 |
Commercial Real Estate | Multifamily Loan | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Multifamily Loan | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Multifamily Loan | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial Real Estate | Multifamily Loan | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 85,285 | 81,086 |
Commercial | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 808,621 | 717,620 |
Commercial | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 1,387 | 441 |
Commercial | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 1,463 | 56 |
Commercial | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 2,850 | 497 |
Commercial | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 805,771 | 717,123 |
Commercial | Commercial and Industrial Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 229,840 | 193,313 |
Commercial | Commercial and Industrial Loan | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 255 |
Commercial | Commercial and Industrial Loan | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 620 | 0 |
Commercial | Commercial and Industrial Loan | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 620 | 255 |
Commercial | Commercial and Industrial Loan | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 229,220 | 193,058 |
Commercial | Equipment Finance | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 440,345 | 394,541 |
Commercial | Equipment Finance | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 1,387 | 186 |
Commercial | Equipment Finance | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 843 | 56 |
Commercial | Equipment Finance | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 2,230 | 242 |
Commercial | Equipment Finance | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 438,115 | 394,299 |
Commercial | Municipal Loans | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 138,436 | 129,766 |
Commercial | Municipal Loans | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial | Municipal Loans | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial | Municipal Loans | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 0 |
Commercial | Municipal Loans | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 138,436 | 129,766 |
Residential Real Estate | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 816,928 | 596,187 |
Residential Real Estate | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 1,075 | 1,308 |
Residential Real Estate | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 2,224 | 1,538 |
Residential Real Estate | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 3,299 | 2,846 |
Residential Real Estate | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 813,629 | 593,341 |
Residential Real Estate | Construction Loans | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 105,617 | 81,847 |
Residential Real Estate | Construction Loans | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 0 | 115 |
Residential Real Estate | Construction Loans | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 132 | 22 |
Residential Real Estate | Construction Loans | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 132 | 137 |
Residential Real Estate | Construction Loans | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 105,485 | 81,710 |
Residential Real Estate | One-To-Four Family Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 518,274 | 354,203 |
Residential Real Estate | One-To-Four Family Loan | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 830 | 910 |
Residential Real Estate | One-To-Four Family Loan | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 1,178 | 1,394 |
Residential Real Estate | One-To-Four Family Loan | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 2,008 | 2,304 |
Residential Real Estate | One-To-Four Family Loan | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 516,266 | 351,899 |
Residential Real Estate | HELOC's Loan | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 193,037 | 160,137 |
Residential Real Estate | HELOC's Loan | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 245 | 283 |
Residential Real Estate | HELOC's Loan | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 914 | 122 |
Residential Real Estate | HELOC's Loan | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 1,159 | 405 |
Residential Real Estate | HELOC's Loan | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 191,878 | 159,732 |
Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 118,505 | 85,383 |
Consumer | 30-89 Days | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 245 | 330 |
Consumer | 90 Days+ | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 259 | 177 |
Consumer | Total | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | 504 | 507 |
Consumer | Current | ||
Financing Receivable, Past Due [Line Items] | ||
Total loans, net of deferred loan fees and costs | $ 118,001 | $ 84,876 |
Loans and Allowance for Credi_7
Loans and Allowance for Credit Losses on Loans - Schedule of Past Due Loans Still Accruing and Nonaccruing Interest (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Mar. 31, 2023 | Jun. 30, 2022 | |
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | $ 7,911 | $ 6,120 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 59 | |
Interest Income Recognized | 320 | |
Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 730 | 881 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | |
Interest Income Recognized | 26 | |
Commercial Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 36 | 67 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | |
Interest Income Recognized | 1 | |
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 603 | 706 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | |
Interest Income Recognized | 13 | |
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 2 | 5 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | |
Interest Income Recognized | 6 | |
Commercial Real Estate | Multifamily Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 89 | 103 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | |
Interest Income Recognized | 6 | |
Commercial | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 3,424 | 2,221 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 59 | |
Interest Income Recognized | 198 | |
Commercial | Commercial and Industrial Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 1,389 | 1,951 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 59 | |
Interest Income Recognized | 92 | |
Commercial | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 1,929 | 270 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | |
Interest Income Recognized | 100 | |
Commercial | Municipal Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 106 | 0 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | |
Interest Income Recognized | 6 | |
Residential Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 3,276 | 2,634 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | |
Interest Income Recognized | 83 | |
Residential Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 132 | 137 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | |
Interest Income Recognized | 2 | |
Residential Real Estate | One-To-Four Family Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 2,000 | 1,773 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | |
Interest Income Recognized | 44 | |
Residential Real Estate | HELOC's Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 1,144 | 724 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | |
Interest Income Recognized | 37 | |
Consumer | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, Nonaccrual | 481 | $ 384 |
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing | 0 | |
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance | 0 | |
Interest Income Recognized | $ 13 |
Loans and Allowance for Credi_8
Loans and Allowance for Credit Losses on Loans - Schedule of Allowance for Credit Losses on Financing Receivables After Adoption of ASU 2016-13 (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||||
Balance at beginning of period | $ 38,859 | $ 30,933 | $ 34,690 | $ 35,468 |
Provision (benefit) for credit losses | 8,360 | (640) | 14,479 | (4,415) |
Initial ACL on PCD loans | 369 | 369 | ||
Charge-offs | (578) | (334) | (3,004) | (2,190) |
Recoveries | 493 | 1,075 | 969 | 2,171 |
Net (charge-offs) recoveries | (85) | 741 | (2,035) | (19) |
Balance at end of period | 47,503 | 31,034 | 47,503 | 31,034 |
Commercial Real Estate | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||||
Balance at beginning of period | 15,059 | 12,750 | 13,414 | 15,084 |
Provision (benefit) for credit losses | 6,262 | 62 | 7,904 | (2,527) |
Initial ACL on PCD loans | 292 | 292 | ||
Charge-offs | 0 | 0 | 0 | (439) |
Recoveries | 0 | 23 | 3 | 717 |
Net (charge-offs) recoveries | 0 | 23 | 3 | 278 |
Balance at end of period | 21,613 | 12,835 | 21,613 | 12,835 |
Commercial | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||||
Balance at beginning of period | 12,382 | 10,219 | 12,036 | 9,663 |
Provision (benefit) for credit losses | 2,413 | (1,357) | 4,709 | 469 |
Initial ACL on PCD loans | 72 | 72 | ||
Charge-offs | (484) | (261) | (2,617) | (1,572) |
Recoveries | 275 | 887 | 458 | 928 |
Net (charge-offs) recoveries | (209) | 626 | (2,159) | (644) |
Balance at end of period | 14,658 | 9,488 | 14,658 | 9,488 |
Residential Real Estate | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||||
Balance at beginning of period | 9,048 | 5,917 | 7,611 | 8,185 |
Provision (benefit) for credit losses | (100) | 1,063 | 1,267 | (1,463) |
Initial ACL on PCD loans | 5 | 5 | ||
Charge-offs | (3) | (45) | (126) | (72) |
Recoveries | 172 | 72 | 365 | 357 |
Net (charge-offs) recoveries | 169 | 27 | 239 | 285 |
Balance at end of period | 9,122 | 7,007 | 9,122 | 7,007 |
Consumer | ||||
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||||
Balance at beginning of period | 2,370 | 2,047 | 1,629 | 2,536 |
Provision (benefit) for credit losses | (215) | (408) | 599 | (894) |
Initial ACL on PCD loans | 0 | 0 | ||
Charge-offs | (91) | (28) | (261) | (107) |
Recoveries | 46 | 93 | 143 | 169 |
Net (charge-offs) recoveries | (45) | 65 | (118) | 62 |
Balance at end of period | $ 2,110 | $ 1,704 | $ 2,110 | $ 1,704 |
Loans and Allowance for Credi_9
Loans and Allowance for Credit Losses on Loans - Breakdown Between Loans Identified as CDAs and Non-CDAs (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | $ 3,649,333 | $ 2,769,295 |
Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 1,905,279 | 1,370,105 |
Commercial Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 368,756 | 291,202 |
Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 524,247 | 335,658 |
Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 926,991 | 662,159 |
Commercial Real Estate | Multifamily Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 85,285 | 81,086 |
Commercial | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 808,621 | 717,620 |
Commercial | Commercial and Industrial Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 229,840 | 193,313 |
Commercial | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 440,345 | 394,541 |
Commercial | Municipal Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 138,436 | 129,766 |
Residential Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 816,928 | 596,187 |
Residential Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 105,617 | 81,847 |
Residential Real Estate | One-To-Four Family Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 518,274 | 354,203 |
Residential Real Estate | HELOC's Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 193,037 | 160,137 |
Consumer | ||
Accounts, Notes, Loans and Financing Receivable | ||
Total loans, net of deferred loan fees and costs | 118,505 | 85,383 |
Residential Property | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 758 | 1,318 |
Total collateral value | 1,435 | 2,443 |
Residential Property | Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Residential Property | Commercial Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Residential Property | Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Residential Property | Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Residential Property | Commercial Real Estate | Multifamily Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Residential Property | Commercial | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Residential Property | Commercial | Commercial and Industrial Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Residential Property | Commercial | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Residential Property | Commercial | Municipal Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Residential Property | Residential Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 758 | 1,318 |
Residential Property | Residential Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Residential Property | Residential Real Estate | One-To-Four Family Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 758 | 1,318 |
Residential Property | Residential Real Estate | HELOC's Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Residential Property | Consumer | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Total collateral value | 0 | 0 |
Investment Property | Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | Commercial Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | Commercial Real Estate | Multifamily Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | Commercial | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | Commercial | Commercial and Industrial Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | Commercial | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | Commercial | Municipal Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | Residential Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | Residential Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | Residential Real Estate | One-To-Four Family Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | Residential Real Estate | HELOC's Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Investment Property | Consumer | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Commercial Property | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 4,079 | 0 |
Total collateral value | 8,870 | 0 |
Commercial Property | Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 4,079 | 0 |
Commercial Property | Commercial Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Commercial Property | Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 1,054 | 0 |
Commercial Property | Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 3,025 | 0 |
Commercial Property | Commercial Real Estate | Multifamily Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Commercial Property | Commercial | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Commercial Property | Commercial | Commercial and Industrial Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Commercial Property | Commercial | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Commercial Property | Commercial | Municipal Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Commercial Property | Residential Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Commercial Property | Residential Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Commercial Property | Residential Real Estate | One-To-Four Family Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Commercial Property | Residential Real Estate | HELOC's Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Commercial Property | Consumer | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Business Assets | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 1,238 | 2,594 |
Total collateral value | 110 | 69 |
Business Assets | Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Business Assets | Commercial Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Business Assets | Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Business Assets | Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Business Assets | Commercial Real Estate | Multifamily Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Business Assets | Commercial | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 1,238 | 2,594 |
Business Assets | Commercial | Commercial and Industrial Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 1,238 | 2,594 |
Business Assets | Commercial | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Business Assets | Commercial | Municipal Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Business Assets | Residential Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Business Assets | Residential Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Business Assets | Residential Real Estate | One-To-Four Family Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Business Assets | Residential Real Estate | HELOC's Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Business Assets | Consumer | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 0 | 0 |
Financial Assets Not Considered Collateral Dependent | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 3,643,258 | 2,765,383 |
Financial Assets Not Considered Collateral Dependent | Commercial Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 1,901,200 | 1,370,105 |
Financial Assets Not Considered Collateral Dependent | Commercial Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 368,756 | 291,202 |
Financial Assets Not Considered Collateral Dependent | Commercial Real Estate | Commercial Real Estate Loan, Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 523,193 | 335,658 |
Financial Assets Not Considered Collateral Dependent | Commercial Real Estate | Commercial Real Estate Loan, Non-Owner Occupied | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 923,966 | 662,159 |
Financial Assets Not Considered Collateral Dependent | Commercial Real Estate | Multifamily Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 85,285 | 81,086 |
Financial Assets Not Considered Collateral Dependent | Commercial | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 807,383 | 715,026 |
Financial Assets Not Considered Collateral Dependent | Commercial | Commercial and Industrial Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 228,602 | 190,719 |
Financial Assets Not Considered Collateral Dependent | Commercial | Equipment Finance | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 440,345 | 394,541 |
Financial Assets Not Considered Collateral Dependent | Commercial | Municipal Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 138,436 | 129,766 |
Financial Assets Not Considered Collateral Dependent | Residential Real Estate | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 816,170 | 594,869 |
Financial Assets Not Considered Collateral Dependent | Residential Real Estate | Construction Loans | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 105,617 | 81,847 |
Financial Assets Not Considered Collateral Dependent | Residential Real Estate | One-To-Four Family Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 517,516 | 352,885 |
Financial Assets Not Considered Collateral Dependent | Residential Real Estate | HELOC's Loan | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | 193,037 | 160,137 |
Financial Assets Not Considered Collateral Dependent | Consumer | ||
Accounts, Notes, Loans and Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process | $ 118,505 | $ 85,383 |
Loans and Allowance for Cred_10
Loans and Allowance for Credit Losses on Loans - Troubled Debt Restructurings on Financing Receivables (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 USD ($) loan | Mar. 31, 2022 USD ($) loan | Mar. 31, 2023 USD ($) loan | Mar. 31, 2022 USD ($) loan | |
Financing Receivable, Modifications | ||||
Number of loans | loan | 9 | 14 | ||
Pre-modification outstanding recorded investment | $ 618 | $ 1,250 | ||
Post-modification outstanding recorded investment | $ 599 | $ 1,233 | ||
Total other TDRs | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 0 | 4 | 4 | 11 |
Pre-modification outstanding recorded investment | $ 0 | $ 883 | $ 49 | $ 1,041 |
Post-modification outstanding recorded investment | $ 0 | $ 877 | $ 34 | $ 1,027 |
Total below market interest rate | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 5 | 1 | ||
Pre-modification outstanding recorded investment | $ 569 | $ 124 | ||
Post-modification outstanding recorded investment | $ 565 | $ 121 | ||
Total extended payment terms | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 0 | 2 | ||
Pre-modification outstanding recorded investment | $ 0 | $ 85 | ||
Post-modification outstanding recorded investment | $ 0 | $ 85 | ||
Commercial | Commercial and Industrial Loan | Total other TDRs | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 0 | 2 | 0 | 2 |
Pre-modification outstanding recorded investment | $ 0 | $ 841 | $ 0 | $ 841 |
Post-modification outstanding recorded investment | $ 0 | $ 835 | $ 0 | $ 835 |
Commercial | Commercial and Industrial Loan | Total below market interest rate | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 5 | 0 | ||
Pre-modification outstanding recorded investment | $ 569 | $ 0 | ||
Post-modification outstanding recorded investment | $ 565 | $ 0 | ||
Residential Real Estate | One-To-Four Family Loan | Total other TDRs | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 0 | 1 | 0 | 2 |
Pre-modification outstanding recorded investment | $ 0 | $ 37 | $ 0 | $ 93 |
Post-modification outstanding recorded investment | $ 0 | $ 37 | $ 0 | $ 92 |
Residential Real Estate | One-To-Four Family Loan | Total below market interest rate | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 0 | 1 | ||
Pre-modification outstanding recorded investment | $ 0 | $ 124 | ||
Post-modification outstanding recorded investment | $ 0 | $ 121 | ||
Residential Real Estate | One-To-Four Family Loan | Total extended payment terms | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 0 | 1 | ||
Pre-modification outstanding recorded investment | $ 0 | $ 35 | ||
Post-modification outstanding recorded investment | $ 0 | $ 35 | ||
Residential Real Estate | HELOC's Loan | Total other TDRs | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 0 | 1 | ||
Pre-modification outstanding recorded investment | $ 0 | $ 18 | ||
Post-modification outstanding recorded investment | $ 0 | $ 18 | ||
Residential Real Estate | HELOC's Loan | Total extended payment terms | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 0 | 1 | ||
Pre-modification outstanding recorded investment | $ 0 | $ 50 | ||
Post-modification outstanding recorded investment | $ 0 | $ 50 | ||
Consumer | Total other TDRs | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 0 | 1 | 4 | 6 |
Pre-modification outstanding recorded investment | $ 0 | $ 5 | $ 49 | $ 89 |
Post-modification outstanding recorded investment | $ 0 | $ 5 | $ 34 | $ 82 |
Loans and Allowance for Cred_11
Loans and Allowance for Credit Losses on Loans - Schedule of Troubled Debt Restructurings With Payment Default (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 USD ($) loan | Mar. 31, 2022 USD ($) loan | Mar. 31, 2023 USD ($) loan | Mar. 31, 2022 USD ($) loan | |
Financing Receivable, Modifications | ||||
Number of loans | loan | 8,000 | 2 | ||
Recorded investment | $ | $ 768 | $ 44 | ||
Commercial | Total below market interest rate | Commercial and Industrial Loan | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 5,000 | 0 | 6,000 | 0 |
Recorded investment | $ | $ 592 | $ 0 | $ 732 | $ 0 |
Residential Real Estate | Total extended payment terms | One-To-Four Family Loan | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 1,000 | 0 | ||
Recorded investment | $ | $ 34 | $ 0 | ||
Consumer | Total other TDRs | ||||
Financing Receivable, Modifications | ||||
Number of loans | loan | 1,000 | 2 | ||
Recorded investment | $ | $ 2 | $ 44 |
Deposit Accounts - Schedule of
Deposit Accounts - Schedule of Deposit Accounts (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Feb. 12, 2023 | Jun. 30, 2022 |
Business Acquisition [Line Items] | |||
Noninterest-bearing accounts | $ 872,492 | $ 745,746 | |
NOW accounts | 678,178 | 654,981 | |
Money market accounts | 1,299,503 | 969,661 | |
Savings accounts | 228,390 | 238,197 | |
Deposit Contracts, Liabilities | 3,078,563 | 2,608,585 | |
Certificates of deposit | 597,036 | 491,176 | |
Deposits | 3,675,599 | 3,099,761 | |
Deposits received from executive officers and directors and their associates | 1,316 | $ 1,012 | |
Quantum | |||
Business Acquisition [Line Items] | |||
Deposits | $ 570,602 | $ 570,419 |
Deposit Accounts - Schedule o_2
Deposit Accounts - Schedule of Maturities of Certificates of Deposit (Details) $ in Thousands | Mar. 31, 2023 USD ($) |
Deposits [Abstract] | |
2023 | $ 122,230 |
2024 | 414,223 |
2025 | 44,759 |
2026 | 7,288 |
2027 | 5,242 |
Thereafter | 3,294 |
Total | $ 597,036 |
Deposit Accounts - Certificates
Deposit Accounts - Certificates of Deposit With Balances of $100 Or Greater (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Deposits [Abstract] | ||
Uninsured deposits | $ 730,400 | |
Uninsured deposit percentage | 19.90% | |
Certificates of deposit with balances of $250 or greater | $ 255,089 | $ 156,558 |
Borrowings - Junior Subordinate
Borrowings - Junior Subordinated Debentures (Details) - USD ($) $ in Millions | 9 Months Ended | ||
Feb. 21, 2007 | Mar. 31, 2023 | Feb. 12, 2023 | |
Quantum | |||
Debt Instrument [Line Items] | |||
Business acquisition, percentage of voting interests acquired | 100% | ||
Junior Subordinated Debt | |||
Debt Instrument [Line Items] | |||
Debt instrument, face amount | $ 11.3 | ||
Debt instrument, basis spread on variable rate | 1.94% | ||
Debt instrument, interest rate, effective percentage | 7.13% | ||
Quantum | |||
Debt Instrument [Line Items] | |||
Trust preferred securities | $ 11 |
Borrowings - Schedule of Debt (
Borrowings - Schedule of Debt (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Debt Instrument [Line Items] | ||
Balance | $ 320,263 | $ 0 |
Weighted Average Rate | 5.24% | 0% |
FHLB advances | ||
Debt Instrument [Line Items] | ||
Balance | $ 200,000 | $ 0 |
Weighted Average Rate | 5.03% | 0% |
FRB advances | ||
Debt Instrument [Line Items] | ||
Balance | $ 100,000 | $ 0 |
Weighted Average Rate | 5% | 0% |
Revolving lines of credit | ||
Debt Instrument [Line Items] | ||
Balance | $ 20,263 | $ 0 |
Weighted Average Rate | 8.50% | 0% |
Borrowings - Narrative (Details
Borrowings - Narrative (Details) $ in Thousands | Mar. 31, 2023 USD ($) bank | Jun. 30, 2022 USD ($) bank |
Debt Instrument [Line Items] | ||
Amount available to borrow in additional FHLB advances | $ 68,484 | $ 277,561 |
Number of unaffiliated banks | bank | 3 | 3 |
FRB | Revolving lines of credit | ||
Debt Instrument [Line Items] | ||
Unused line of credit | $ 23,055 | $ 68,230 |
Unaffiliated Banks | Revolving lines of credit | ||
Debt Instrument [Line Items] | ||
Unused line of credit | $ 120,000 |
Leases - Supplement Balance She
Leases - Supplement Balance Sheet (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Leases [Abstract] | ||
Renewal term (in years) | 15 years | |
ROU assets | $ 6,854 | $ 5,846 |
Lease liabilities | $ 7,872 | $ 6,641 |
Weighted-average remaining lease terms (years) | 10 years 8 months 12 days | 10 years 9 months 18 days |
Weighted-average discount rate | 3.24% | 2.90% |
Leases - Maturity Schedule for
Leases - Maturity Schedule for Finance and Operating Leases (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Operating Leases | ||
Remaining 2023 | $ 422 | |
2024 | 1,247 | |
2025 | 946 | |
2026 | 821 | |
2027 | 838 | |
Thereafter | 5,267 | |
Total undiscounted minimum lease payments | 9,541 | |
Less: amount representing interest | (1,669) | |
Lease liabilities | $ 7,872 | $ 6,641 |
Leases - Schedule of Lease Cost
Leases - Schedule of Lease Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Leases [Abstract] | ||||
Operating lease cost (included in occupancy expense, net) | $ 394 | $ 347 | $ 1,086 | $ 1,215 |
Variable lease cost (included in occupancy expense, net) | 3 | 7 | 7 | 13 |
Sublease income (included in other, noninterest income) | (42) | (60) | (127) | (154) |
Total operating lease expense, net | $ 355 | $ 294 | $ 966 | $ 1,074 |
Leases - Lessee - Finance Lease
Leases - Lessee - Finance Lease (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Leases [Abstract] | ||||
Payments to Acquire Real Estate | $ 1,200 | |||
Finance lease, interest expense | $ 15 | $ 23 | $ 60 | $ 70 |
Leases - Supplemental Cash Flow
Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Leases [Abstract] | ||
ROU assets - noncash additions (operating leases) | $ 2,108 | $ 1,186 |
Cash paid for amounts included in the measurement of lease liabilities (operating leases) | 994 | 1,281 |
Cash paid for amounts included in the measurement of lease liabilities (finance leases) | $ 89 | $ 100 |
Leases - Lessor, Narrative (Det
Leases - Lessor, Narrative (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | |
Lessor, Lease, Description [Line Items] | |||||
Leased asset | $ 19,200 | $ 19,200 | $ 20,075 | ||
Operating lease, residual value of leased asset | 13,226 | 13,226 | 12,874 | ||
Direct financing lease, interest income | 860 | $ 763 | 2,435 | $ 2,275 | |
Direct financing lease, lease receivable | $ 66,700 | $ 66,700 | $ 62,200 | ||
Minimum | |||||
Lessor, Lease, Description [Line Items] | |||||
Term of contract | 1 year | 1 year | |||
Maximum | |||||
Lessor, Lease, Description [Line Items] | |||||
Term of contract | 5 years | 5 years |
Leases - Total Equipment Financ
Leases - Total Equipment Finance Operating Lease Income and Depreciation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Leases [Abstract] | ||||
Operating lease income | $ 1,505 | $ 1,661 | $ 4,246 | $ 4,920 |
Depreciation expense | $ 1,266 | $ 1,339 | $ 3,608 | $ 4,221 |
Leases - Lessor, Fiscal Year Ma
Leases - Lessor, Fiscal Year Maturity Schedule (Details) $ in Thousands | Mar. 31, 2023 USD ($) |
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract] | |
Remaining 2023 | $ 1,424 |
2024 | 5,206 |
2025 | 1,962 |
2026 | 689 |
2027 | 113 |
Thereafter | 0 |
Total of future minimum lease payments | 9,394 |
Financing Leases | |
Remaining 2023 | 8,260 |
2024 | 22,284 |
2025 | 17,749 |
2026 | 13,532 |
2027 | 8,494 |
Thereafter | 6,716 |
Total undiscounted minimum lease payments | 77,035 |
Less: amount representing interest | (10,304) |
Total lease receivable | $ 66,731 |
Equity Incentive Plan - Narrati
Equity Incentive Plan - Narrative (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Nonvested, number of shares (in shares) | 76,810 | 171,150 | ||
Remaining contractual life (years) | 5 years 3 months 18 days | 4 years 3 months 18 days | 4 years 1 month 6 days | 3 years 10 months 24 days |
Options outstanding (in shares) | 171,150 | |||
Stock Options | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Compensation cost not yet recognized | $ 529 | $ 1,076 | ||
Remaining contractual life (years) | 5 years | 5 years | ||
Compensation cost not yet recognized, period for recognition (in years) | 1 year 9 months 18 days | 1 year 9 months 18 days | ||
Performance Restricted Shares | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Vesting period | 3 years | |||
Non-vested (in shares) | 40,362 | 33,218 | ||
Restricted Stock | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Compensation cost not yet recognized, period for recognition (in years) | 2 years | 1 year 10 months 24 days | ||
Compensation not yet recognized, share-based awards other than options | $ 3,628 | $ 3,137 | ||
Non-vested (in shares) | 149,619 | 135,510 | 135,910 | 151,575 |
Restricted Stock | Vesting Period One | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Vesting period | 3 years | 3 years | ||
Restricted Stock | Vesting Period Two | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Vesting period | 5 years | 5 years | ||
2022 Omnibus Incentive Plan | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of shares authorized (in shares) | 1,000,000 |
Equity Incentive Plan Equity In
Equity Incentive Plan Equity Incentive Plan - Share Based Compensation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Share-Based Payment Arrangement [Abstract] | ||||
Share-based compensation expense | $ 434 | $ 507 | $ 1,465 | $ 1,407 |
Tax benefit | $ 102 | $ 120 | $ 347 | $ 332 |
Equity Incentive Plan - Stock O
Equity Incentive Plan - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | |
Options | ||||
Options Outstanding, Beginning of Period (in shares) | 928,870 | 1,319,456 | 1,319,456 | |
Granted (in shares) | 5,000 | 42,850 | ||
Exercised (in shares) | (351,596) | (413,636) | ||
Forfeited (in shares) | (11,700) | (20,800) | ||
Options Outstanding, End of period (in shares) | 570,574 | 927,870 | 928,870 | 1,319,456 |
Exercisable (in shares) | 493,764 | 756,720 | ||
Weighted- Average Exercise Price | ||||
Options Outstanding, Beginning of Period (in usd per share) | $ 21.49 | $ 19.07 | $ 19.07 | |
Granted (in usd per share) | 24.07 | 31.35 | ||
Exercised (in usd per share) | 14.59 | 14.70 | ||
Forfeited (in usd per share) | 25.36 | 23.17 | ||
Options Outstanding, End of Period (in usd per share) | 25.68 | 21.49 | $ 21.49 | $ 19.07 |
Exercisable (in usd per share) | $ 25.39 | $ 20.24 | ||
Remaining contractual life (years) | 5 years 3 months 18 days | 4 years 3 months 18 days | 4 years 1 month 6 days | 3 years 10 months 24 days |
Exercisable (in years) | 4 years 10 months 24 days | 3 years 6 months | ||
Aggregate intrinsic value | $ 327 | $ 7,541 | $ 4,036 | $ 11,657 |
Aggregate intrinsic value | $ 287 | $ 7,028 | ||
Non-vested Options | ||||
Nonvested, number of shares (in shares) | 76,810 | 171,150 | ||
Nonvested, weighted average grant date fair value (in dollars per share) | $ 27.55 | $ 26.99 | ||
Nonvested, contractual term (in years) | 8 years 2 months 12 days | 7 years 8 months 12 days | ||
Nonvested, intrinsic value | $ 40 | $ 513 |
Equity Incentive Plan - Assumpt
Equity Incentive Plan - Assumptions Used in Estimating Fair Value (Details) - $ / shares | 9 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Share-Based Payment Arrangement [Abstract] | ||
Weighted-average volatility | 27.78% | 28.02% |
Expected dividend yield | 1.62% | 1.12% |
Risk-free interest rate | 3.11% | 1.90% |
Expected life (years) | 6 years 6 months | 6 years 6 months |
Weighted-average fair value of options granted (in dollars per share) | $ 6.77 | $ 8.68 |
Equity Incentive Plan - Schedul
Equity Incentive Plan - Schedule of Nonvested Restricted Stock Units Activity (Details) - USD ($) $ / shares in Units, $ in Thousands | 9 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | |
Weighted- Average Grant Date Fair Value | ||||
Aggregate intrinsic value | $ 287 | $ 7,028 | ||
Restricted Stock | ||||
Restricted Stock Awards | ||||
Non-vested, Beginning Balance (in shares) | 135,910 | 151,575 | ||
Granted (in shares) | 75,358 | 49,679 | ||
Vested (in shares) | (55,449) | (53,744) | ||
Forfeited (in shares) | (6,200) | (12,000) | ||
Non-vested, Ending Balance (in shares) | 149,619 | 135,510 | ||
Weighted- Average Grant Date Fair Value | ||||
Non-vested, Beginning Balance (in usd per share) | $ 27.40 | $ 25.06 | ||
Granted (in usd per share) | 27.24 | 31.35 | ||
Vested (in usd per share) | 27.38 | 25.22 | ||
Forfeitures (in dollars per share) | 27.64 | 24.90 | ||
Non-vested, Ending Balance (in usd per share) | $ 27.31 | $ 27.41 | ||
Aggregate intrinsic value | $ 3,134 | $ 2,817 | $ 2,345 | $ 4,229 |
Net Income per Share - Schedule
Net Income per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Numerator | ||||
Net income | $ 6,734 | $ 8,023 | $ 29,591 | $ 29,628 |
Allocation of earnings to participating securities | (64) | (69) | (292) | (254) |
Numerator for basic EPS - Net income available to common stockholders | 6,670 | 7,954 | 29,299 | 29,374 |
Dilutive effect of participating securities | 0 | 0 | 0 | 0 |
Numerator for diluted EPS | $ 6,670 | $ 7,954 | $ 29,299 | $ 29,374 |
Denominator | ||||
Weighted-average common shares outstanding - basic (in shares) | 16,021,994 | 15,523,813 | 15,341,222 | 15,666,093 |
Dilutive effect of assumed exercises of stock options (in shares) | 55,122 | 269,199 | 107,838 | 331,284 |
Weighted-average common shares outstanding - diluted (in shares) | 16,077,116 | 15,793,012 | 15,449,060 | 15,997,377 |
Net income per share - basic (in dollars per share) | $ 0.40 | $ 0.51 | $ 1.91 | $ 1.87 |
Net income per share - diluted (in dollars per share) | $ 0.40 | $ 0.51 | $ 1.90 | $ 1.84 |
Net Income per Share - Antidilu
Net Income per Share - Antidilutive Stock Options (Details) - shares | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Earnings Per Share [Abstract] | ||||
Antidilutive securities excluded from computation of earnings per share (in shares) | 112,250 | 47,850 | 538,374 | 95,350 |
Commitments and Contingencies -
Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Jun. 30, 2022 | |
Other Commitments | ||
Unused commitments to extend credit | $ 93,915 | $ 104,745 |
Variable rate commitments | 13,754 | 23,159 |
Fixed rate commitments | 80,161 | 81,586 |
Remaining borrowing capacity | 597,522 | 485,239 |
Letters of credit outstanding | $ 31,090 | $ 18,362 |
Minimum | ||
Other Commitments | ||
Fixed interest rate (as a percent) | 1.55% | 1.41% |
Loan Commitments Terms | 3 years | |
Maximum | ||
Other Commitments | ||
Fixed interest rate (as a percent) | 9.69% | 9% |
Loan Commitments Terms | 30 years | |
Construction and development | ||
Other Commitments | ||
Unused commitments to extend credit | $ 270,491 | $ 312,893 |
Fair Value of Financial Instr_3
Fair Value of Financial Instruments - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Available-for-Sale Securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | $ 154,718 | $ 126,978 |
Available-for-Sale Securities | Fair Value, Inputs, Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | 0 |
Available-for-Sale Securities | Fair Value, Inputs, Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 154,718 | 126,978 |
Available-for-Sale Securities | Fair Value, Inputs, Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | 0 |
US Government Agencies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 15,565 | 18,459 |
US Government Agencies | Fair Value, Inputs, Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | 0 |
US Government Agencies | Fair Value, Inputs, Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 15,565 | 18,459 |
US Government Agencies | Fair Value, Inputs, Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | 0 |
MBS, residential | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 101,131 | 47,233 |
MBS, residential | Fair Value, Inputs, Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | 0 |
MBS, residential | Fair Value, Inputs, Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 101,131 | 47,233 |
MBS, residential | Fair Value, Inputs, Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | 0 |
Municipal bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 3,432 | 5,558 |
Municipal bonds | Fair Value, Inputs, Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | 0 |
Municipal bonds | Fair Value, Inputs, Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 3,432 | 5,558 |
Municipal bonds | Fair Value, Inputs, Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | 0 |
Corporate bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 34,590 | 55,728 |
Corporate bonds | Fair Value, Inputs, Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | 0 |
Corporate bonds | Fair Value, Inputs, Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 34,590 | 55,728 |
Corporate bonds | Fair Value, Inputs, Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | $ 0 |
Loans held for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 1,209 | |
Loans held for sale | Fair Value, Inputs, Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | |
Loans held for sale | Fair Value, Inputs, Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 1,209 | |
Loans held for sale | Fair Value, Inputs, Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | $ 0 |
Fair Value of Financial Instr_4
Fair Value of Financial Instruments - Schedule of Fair Value Measurements, Nonrecurring (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | $ 4,227 | |
Commercial | Commercial Real Estate Loan, Owner Occupied | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 920 | |
Commercial | Commercial Real Estate Loan, Non-Owner Occupied | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 2,971 | |
Commercial | Commercial and Industrial Loan | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 336 | $ 415 |
Fair Value, Inputs, Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | |
Fair Value, Inputs, Level 1 | Commercial | Commercial Real Estate Loan, Owner Occupied | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | |
Fair Value, Inputs, Level 1 | Commercial | Commercial Real Estate Loan, Non-Owner Occupied | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | |
Fair Value, Inputs, Level 1 | Commercial | Commercial and Industrial Loan | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Inputs, Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | |
Fair Value, Inputs, Level 2 | Commercial | Commercial Real Estate Loan, Owner Occupied | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | |
Fair Value, Inputs, Level 2 | Commercial | Commercial Real Estate Loan, Non-Owner Occupied | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | |
Fair Value, Inputs, Level 2 | Commercial | Commercial and Industrial Loan | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 0 | 0 |
Fair Value, Inputs, Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 4,227 | |
Fair Value, Inputs, Level 3 | Commercial | Commercial Real Estate Loan, Owner Occupied | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 920 | |
Fair Value, Inputs, Level 3 | Commercial | Commercial Real Estate Loan, Non-Owner Occupied | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | 2,971 | |
Fair Value, Inputs, Level 3 | Commercial | Commercial and Industrial Loan | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial assets measured at fair value on a non-recurring basis | $ 336 | $ 415 |
Fair Value of Financial Instr_5
Fair Value of Financial Instruments - Schedule of Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Jun. 30, 2022 |
Fair Value, Inputs, Level 1 | Cash and interest-bearing deposits | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | $ 314,413 | $ 105,119 |
Fair Value, Inputs, Level 1 | Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 194,427 | |
Fair Value, Inputs, Level 1 | Certificates of deposit in other banks | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 1 | Securities available for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 1 | Small Business Investment Company Funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 1 | Loans held for sale, at fair value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | |
Fair Value, Inputs, Level 1 | Loans held for sale, at the lower of cost or fair value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | |
Fair Value, Inputs, Level 1 | Loans held for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | |
Fair Value, Inputs, Level 1 | Loans, net | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 1 | Accrued interest receivable | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 24 |
Fair Value, Inputs, Level 1 | Noninterest-bearing and NOW deposits | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 1 | Money market accounts | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 1 | Savings accounts | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 1 | Certificates of deposit | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 1 | Junior Subordinated Debt | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | |
Fair Value, Inputs, Level 1 | Other borrowings | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | |
Fair Value, Inputs, Level 1 | Accrued interest payable | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 2 | Cash and interest-bearing deposits | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 2 | Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | |
Fair Value, Inputs, Level 2 | Certificates of deposit in other banks | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 33,102 | 23,551 |
Fair Value, Inputs, Level 2 | Securities available for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 154,718 | 126,978 |
Fair Value, Inputs, Level 2 | Small Business Investment Company Funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 2 | Loans held for sale, at fair value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 1,209 | |
Fair Value, Inputs, Level 2 | Loans held for sale, at the lower of cost or fair value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | |
Fair Value, Inputs, Level 2 | Loans held for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | |
Fair Value, Inputs, Level 2 | Loans, net | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 2 | Accrued interest receivable | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 786 | 580 |
Fair Value, Inputs, Level 2 | Noninterest-bearing and NOW deposits | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 1,550,670 | 1,400,727 |
Fair Value, Inputs, Level 2 | Money market accounts | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 1,299,503 | 969,661 |
Fair Value, Inputs, Level 2 | Savings accounts | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 228,390 | 238,197 |
Fair Value, Inputs, Level 2 | Certificates of deposit | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 588,776 | 485,452 |
Fair Value, Inputs, Level 2 | Junior Subordinated Debt | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 9,980 | |
Fair Value, Inputs, Level 2 | Other borrowings | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 320,261 | |
Fair Value, Inputs, Level 2 | Accrued interest payable | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 1,660 | 80 |
Fair Value, Inputs, Level 3 | Cash and interest-bearing deposits | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 3 | Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | |
Fair Value, Inputs, Level 3 | Certificates of deposit in other banks | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 3 | Securities available for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 3 | Small Business Investment Company Funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 13,620 | 12,758 |
Fair Value, Inputs, Level 3 | Loans held for sale, at fair value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | |
Fair Value, Inputs, Level 3 | Loans held for sale, at the lower of cost or fair value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 91,040 | |
Fair Value, Inputs, Level 3 | Loans held for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 80,489 | |
Fair Value, Inputs, Level 3 | Loans, net | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 3,468,167 | 2,687,293 |
Fair Value, Inputs, Level 3 | Accrued interest receivable | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 13,027 | 7,969 |
Fair Value, Inputs, Level 3 | Noninterest-bearing and NOW deposits | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 3 | Money market accounts | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 3 | Savings accounts | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 3 | Certificates of deposit | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Fair Value, Inputs, Level 3 | Junior Subordinated Debt | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | |
Fair Value, Inputs, Level 3 | Other borrowings | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | |
Fair Value, Inputs, Level 3 | Accrued interest payable | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 0 | 0 |
Carrying Value | Cash and interest-bearing deposits | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 314,413 | 105,119 |
Carrying Value | Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 194,427 | |
Carrying Value | Certificates of deposit in other banks | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 33,102 | 23,551 |
Carrying Value | Securities available for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 154,718 | 126,978 |
Carrying Value | FHLB Stock | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 19,125 | 9,326 |
Carrying Value | Small Business Investment Company Funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 13,620 | 12,758 |
Carrying Value | Loans held for sale, at fair value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 1,209 | |
Carrying Value | Loans held for sale, at the lower of cost or fair value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 89,172 | |
Carrying Value | Loans held for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 79,307 | |
Carrying Value | Loans, net | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 3,601,830 | 2,734,605 |
Carrying Value | Accrued interest receivable | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 13,813 | 8,573 |
Carrying Value | Noninterest-bearing and NOW deposits | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 1,550,670 | 1,400,727 |
Carrying Value | Money market accounts | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 1,299,503 | 969,661 |
Carrying Value | Savings accounts | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 228,390 | 238,197 |
Carrying Value | Certificates of deposit | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 597,036 | 491,176 |
Carrying Value | Junior Subordinated Debt | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 9,945 | |
Carrying Value | Other borrowings | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 320,263 | |
Carrying Value | Accrued interest payable | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 1,660 | 80 |
Fair Value | Cash and interest-bearing deposits | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 314,413 | 105,119 |
Fair Value | Commercial paper | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 194,427 | |
Fair Value | Certificates of deposit in other banks | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 33,102 | 23,551 |
Fair Value | Securities available for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 154,718 | 126,978 |
Fair Value | Small Business Investment Company Funds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 13,620 | 12,758 |
Fair Value | Loans held for sale, at fair value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 1,209 | |
Fair Value | Loans held for sale, at the lower of cost or fair value | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 91,040 | |
Fair Value | Loans held for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 80,489 | |
Fair Value | Loans, net | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 3,468,167 | 2,687,293 |
Fair Value | Accrued interest receivable | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 13,813 | 8,573 |
Fair Value | Noninterest-bearing and NOW deposits | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 1,550,670 | 1,400,727 |
Fair Value | Money market accounts | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 1,299,503 | 969,661 |
Fair Value | Savings accounts | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 228,390 | 238,197 |
Fair Value | Certificates of deposit | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 588,776 | 485,452 |
Fair Value | Junior Subordinated Debt | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 9,980 | |
Fair Value | Other borrowings | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | 320,261 | |
Fair Value | Accrued interest payable | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Financial Instruments Owned | $ 1,660 | $ 80 |
Fair Value of Financial Instr_6
Fair Value of Financial Instruments - Narrative (Details) $ in Thousands | Mar. 31, 2023 USD ($) | Jun. 30, 2022 USD ($) |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value off-balance sheet risks, amount, liability | $ 993,018 | $ 921,239 |
Minimum | Fair Value, Inputs, Level 3 | Real Estate Loans | Collateral discounts | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Level 3 fair value measurements during the period | 0.08 | |
Minimum | Fair Value, Inputs, Level 3 | Real Estate Loans | Discount Spread | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Level 3 fair value measurements during the period | 0.05 | |
Maximum | Fair Value, Inputs, Level 3 | Real Estate Loans | Collateral discounts | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Level 3 fair value measurements during the period | 0.12 | |
Maximum | Fair Value, Inputs, Level 3 | Real Estate Loans | Discount Spread | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Level 3 fair value measurements during the period | 0.15 |