Loans and Allowance for Credit Losses on Loans (Tables)
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6 Months Ended |
Dec. 31, 2022 |
Receivables [Abstract] |
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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: | | | | | | | | | | | | | December 31, 2022 | | June 30, 2022 | One-to-four family | $ | 26 | | | $ | 4,176 | | SBA | 37,375 | | | 14,774 | | HELOCs | 35,376 | | | 60,357 | | | | | | Total loans held for sale, at the lower of cost or fair value | $ | 72,777 | | | $ | 79,307 | |
Loans consist of the following at the dates indicated(1): | | | | | | | | | | | | | December 31, 2022 | | June 30, 2022 | Commercial real estate loans | | | | Construction and land development | $ | 328,253 | | | $ | 291,202 | | Commercial real estate - owner occupied | 340,824 | | | 335,658 | | Commercial real estate - non-owner occupied | 690,241 | | | 662,159 | | Multifamily | 69,156 | | | 81,086 | | Total commercial real estate loans | 1,428,474 | | | 1,370,105 | | Commercial loans | | | | Commercial and industrial | 194,465 | | | 192,652 | | Equipment finance | 426,507 | | | 394,541 | | Municipal leases | 135,922 | | | 129,766 | | PPP loans | 214 | | | 661 | | Total commercial loans | 757,108 | | | 717,620 | | Residential real estate loans | | | | Construction and land development | 100,002 | | | 81,847 | | One-to-four family | 400,595 | | | 354,203 | | HELOCs | 194,296 | | | 160,137 | | Total residential real estate loans | 694,893 | | | 596,187 | | Consumer loans | 105,148 | | | 85,383 | | Total loans, net of deferred loan fees and costs | 2,985,623 | | | 2,769,295 | | ACL on loans | (38,859) | | | (34,690) | | Loans, net | $ | 2,946,764 | | | $ | 2,734,605 | |
(1) At December 31, 2022 and June 30, 2022 accrued interest receivable of $10,434 and $7,969 was accounted for separately from the amortized cost basis. 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 | | | December 31, 2022 | Residential Property | | Investment Property | | Commercial Property | | Business Assets | | | | | Total | Commercial real estate | | | | | | | | | | | | | | Construction and land development | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | $ | 328,253 | | | $ | 328,253 | | Commercial real estate - owner occupied | — | | | — | | | — | | | — | | | | | 340,824 | | | 340,824 | | Commercial real estate - non-owner occupied | — | | | — | | | — | | | — | | | | | 690,241 | | | 690,241 | | Multifamily | — | | | — | | | — | | | — | | | | | 69,156 | | | 69,156 | | Total commercial real estate | — | | | — | | | — | | | — | | | | | 1,428,474 | | | 1,428,474 | | Commercial | | | | | | | | | | | | | | Commercial and industrial | — | | | — | | | — | | | 816 | | | | | 193,649 | | | 194,465 | | Equipment finance | — | | | — | | | — | | | — | | | | | 426,507 | | | 426,507 | | Municipal leases | — | | | — | | | — | | | — | | | | | 135,922 | | | 135,922 | | PPP loans | — | | | — | | | — | | | — | | | | | 214 | | | 214 | | Total commercial | — | | | — | | | — | | | 816 | | | | | 756,292 | | | 757,108 | | Residential real estate | | | | | | | | | | | | | | Construction and land development | — | | | — | | | — | | | — | | | | | 100,002 | | | 100,002 | | One-to-four family | 765 | | | — | | | — | | | — | | | | | 399,830 | | | 400,595 | | HELOCs | — | | | — | | | — | | | — | | | | | 194,296 | | | 194,296 | | Total residential real estate | 765 | | | — | | | — | | | — | | | | | 694,128 | | | 694,893 | | Consumer | — | | | — | | | — | | | — | | | | | 105,148 | | | 105,148 | | Total | $ | 765 | | | $ | — | | | $ | — | | | $ | 816 | | | | | $ | 2,984,042 | | | $ | 2,985,623 | | Total collateral value | $ | 1,293 | | | $ | — | | | $ | — | | | $ | — | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | | | | | 190,058 | | | 192,652 | | Equipment finance | — | | | — | | | — | | | — | | | | | 394,541 | | | 394,541 | | Municipal leases | — | | | — | | | — | | | — | | | | | 129,766 | | | 129,766 | | PPP loans | — | | | — | | | — | | | — | | | | | 661 | | | 661 | | 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 | | | | | | | |
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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 December 31, 2022: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans By Origination Fiscal Year | | | | | December 31, 2022 | 2023 | | 2022 | | 2021 | | 2020 | | 2019 | | Prior | | Revolving | | Total | Construction and land development | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 18,267 | | | $ | 26,694 | | | $ | 5,195 | | | $ | 609 | | | $ | 1,582 | | | $ | 7,090 | | | $ | 267,895 | | | $ | 327,332 | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | — | | | 871 | | | — | | | — | | | — | | | 50 | | | — | | | 921 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total construction and land development | 18,267 | | | 27,565 | | | 5,195 | | | 609 | | | 1,582 | | | 7,140 | | | 267,895 | | | 328,253 | | Commercial real estate - owner occupied | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 22,024 | | | 57,836 | | | 68,838 | | | 46,495 | | | 39,665 | | | 86,119 | | | 14,006 | | | 334,983 | | Special mention | — | | | 132 | | | — | | | 386 | | | 391 | | | 2,319 | | | — | | | 3,228 | | Substandard | — | | | — | | | — | | | — | | | — | | | 2,613 | | | — | | | 2,613 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial real estate - owner occupied | 22,024 | | | 57,968 | | | 68,838 | | | 46,881 | | | 40,056 | | | 91,051 | | | 14,006 | | | 340,824 | | Commercial real estate - non-owner occupied | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 51,653 | | | 96,511 | | | 117,902 | | | 90,348 | | | 56,597 | | | 239,453 | | | 18,357 | | | 670,821 | | Special mention | — | | | — | | | — | | | — | | | — | | | 14,040 | | | 5,379 | | | 19,419 | | Substandard | — | | | — | | | — | | | — | | | — | | | 1 | | | — | | | 1 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial real estate - non-owner occupied | 51,653 | | | 96,511 | | | 117,902 | | | 90,348 | | | 56,597 | | | 253,494 | | | 23,736 | | | 690,241 | | Multifamily | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 1,962 | | | 11,755 | | | 18,964 | | | 10,402 | | | 3,381 | | | 21,808 | | | 483 | | | 68,755 | | Special mention | — | | | — | | | — | | | — | | | 29 | | | 62 | | | — | | | 91 | | Substandard | — | | | — | | | — | | | — | | | — | | | 310 | | | — | | | 310 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total multifamily | 1,962 | | | 11,755 | | | 18,964 | | | 10,402 | | | 3,410 | | | 22,180 | | | 483 | | | 69,156 | | Total commercial real estate | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 93,906 | | | $ | 192,796 | | — | | $ | 210,899 | | | $ | 147,854 | | | $ | 101,225 | | | $ | 354,470 | | | $ | 300,741 | | | $ | 1,401,891 | | Special mention | — | | | 132 | | | — | | | 386 | | | 420 | | | 16,421 | | | 5,379 | | | 22,738 | | Substandard | — | | | 871 | | | — | | | — | | | — | | | 2,974 | | | — | | | 3,845 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial real estate | $ | 93,906 | | | $ | 193,799 | | | $ | 210,899 | | | $ | 148,240 | | | $ | 101,645 | | | $ | 373,865 | | | $ | 306,120 | | | $ | 1,428,474 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans By Origination Fiscal Year | | | | | December 31, 2022 | 2023 | | 2022 | | 2021 | | 2020 | | 2019 | | Prior | | Revolving | | Total | Commercial and industrial | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 21,697 | | | $ | 65,130 | | | $ | 17,789 | | | $ | 14,061 | | | $ | 7,515 | | | $ | 22,897 | | | $ | 39,085 | | | $ | 188,174 | | Special mention | — | | | 147 | | | 349 | | | — | | | 219 | | | — | | | 200 | | | 915 | | Substandard | — | | | — | | | 26 | | | 600 | | | 884 | | | 46 | | | 3,656 | | | 5,212 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | 164 | | | 164 | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial and industrial | 21,697 | | | 65,277 | | | 18,164 | | | 14,661 | | | 8,618 | | | 22,943 | | | 43,105 | | | 194,465 | | Equipment finance | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 101,278 | | | 161,067 | | | 93,081 | | | 49,654 | | | 17,966 | | | 1,061 | | | — | | | 424,107 | | Special mention | — | | | 275 | | | 12 | | | 973 | | | 381 | | | — | | | — | | | 1,641 | | Substandard | — | | | — | | | 121 | | | 27 | | | 149 | | | — | | | — | | | 297 | | Doubtful | — | | | 229 | | | 233 | | | — | | | — | | | — | | | — | | | 462 | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total equipment finance | 101,278 | | | 161,571 | | | 93,447 | | | 50,654 | | | 18,496 | | | 1,061 | | | — | | | 426,507 | | Municipal leases | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 13,145 | | | 19,881 | | | 23,588 | | | 8,443 | | | 10,309 | | | 47,465 | | | 13,091 | | | 135,922 | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total municipal leases | 13,145 | | | 19,881 | | | 23,588 | | | 8,443 | | | 10,309 | | | 47,465 | | | 13,091 | | | 135,922 | | PPP loans | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | — | | | — | | | 13 | | | 201 | | | — | | | — | | | — | | | 214 | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total PPP loans | — | | | — | | | 13 | | | 201 | | | — | | | — | | | — | | | 214 | | Total commercial | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 136,120 | | | $ | 246,078 | | | $ | 134,471 | | | $ | 72,359 | | | $ | 35,790 | | | $ | 71,423 | | | $ | 52,176 | | | $ | 748,417 | | Special mention | — | | | 422 | | | 361 | | | 973 | | | 600 | | | — | | | 200 | | | 2,556 | | Substandard | — | | | — | | | 147 | | | 627 | | | 1,033 | | | 46 | | | 3,656 | | | 5,509 | | Doubtful | — | | | 229 | | | 233 | | | — | | | — | | | — | | | 164 | | | 626 | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial | $ | 136,120 | | | $ | 246,729 | | | $ | 135,212 | | | $ | 73,959 | | | $ | 37,423 | | | $ | 71,469 | | | $ | 56,196 | | | $ | 757,108 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans By Origination Fiscal Year | | | | | | | | | December 31, 2022 | 2023 | | 2022 | | 2021 | | 2020 | | 2019 | | Prior | | Revolving | | Total | | | | | Construction and land development | | | | | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | | | | | Pass | $ | 568 | | | $ | 861 | | | $ | — | | | $ | 50 | | | $ | — | | | $ | 1,487 | | | $ | 96,693 | | | $ | 99,659 | | | | | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | Substandard | — | | | — | | | — | | | — | | | — | | | 343 | | | — | | | 343 | | | | | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | Total construction and land development | 568 | | | 861 | | | — | | | 50 | | | — | | | 1,830 | | | 96,693 | | | 100,002 | | | | | | One-to-four family | | | | | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | | | | | Pass | 24,334 | | | 70,877 | | | 89,996 | | | 46,166 | | | 27,833 | | | 124,754 | | | 11,086 | | | 395,046 | | | | | | Special mention | — | | | — | | | — | | | — | | | — | | | 625 | | | — | | | 625 | | | | | | Substandard | — | | | 126 | | | — | | | 57 | | | — | | | 4,703 | | | — | | | 4,886 | | | | | | Doubtful | — | | | — | | | — | | | — | | | — | | | 38 | | | — | | | 38 | | | | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | Total one-to-four family | 24,334 | | | 71,003 | | | 89,996 | | | 46,223 | | | 27,833 | | | 130,120 | | | 11,086 | | | 400,595 | | | | | | HELOCs | | | | | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | | | | | Pass | 3,226 | | | 1,107 | | | 638 | | | 517 | | | 976 | | | 7,057 | | | 180,006 | | | 193,527 | | | | | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | Substandard | — | | | — | | | — | | | — | | | 46 | | | 646 | | | 48 | | | 740 | | | | | | Doubtful | — | | | — | | | — | | | — | | | — | | | 29 | | | — | | | 29 | | | | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | Total HELOCs | 3,226 | | | 1,107 | | | 638 | | | 517 | | | 1,022 | | | 7,732 | | | 180,054 | | | 194,296 | | | | | | Total residential real estate | | | | | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | | | | | Pass | $ | 28,128 | | | $ | 72,845 | | | $ | 90,634 | | | $ | 46,733 | | | $ | 28,809 | | | $ | 133,298 | | | $ | 287,785 | | | $ | 688,232 | | | | | | Special mention | — | | | — | | | — | | | — | | | — | | | 625 | | | — | | | 625 | | | | | | Substandard | — | | | 126 | | | — | | | 57 | | | 46 | | | 5,692 | | | 48 | | | 5,969 | | | | | | Doubtful | — | | | — | | | — | | | — | | | — | | | 67 | | | — | | | 67 | | | | | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | Total residential real estate | $ | 28,128 | | | $ | 72,971 | | | $ | 90,634 | | | $ | 46,790 | | | $ | 28,855 | | | $ | 139,682 | | | $ | 287,833 | | | $ | 694,893 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans By Origination Fiscal Year | | | | | December 31, 2022 | 2023 | | 2022 | | 2021 | | 2020 | | 2019 | | Prior | | Revolving | | Total | Total consumer | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 40,368 | | | $ | 21,422 | | | $ | 16,557 | | | $ | 11,767 | | | $ | 7,954 | | | $ | 5,902 | | | $ | 256 | | | $ | 104,226 | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | 44 | | | 106 | | | 166 | | | 279 | | | 77 | | | 235 | | | 7 | | | 914 | | Doubtful | — | | | — | | | 7 | | | — | | | — | | | — | | | — | | | 7 | | Loss | — | | | — | | | — | | | — | | | 1 | | | — | | | — | | | 1 | | Total consumer | $ | 40,412 | | | $ | 21,528 | | | $ | 16,730 | | | $ | 12,046 | | | $ | 8,032 | | | $ | 6,137 | | | $ | 263 | | | $ | 105,148 | |
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 | | | $ | 21,059 | | | $ | 11,361 | | | $ | 9,377 | | | $ | 6,338 | | | $ | 20,856 | | | $ | 43,119 | | | $ | 182,973 | | 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 | | | 22,273 | | | 11,964 | | | 10,893 | | | 6,338 | | | 20,908 | | | 49,413 | | | 192,652 | | 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 | | PPP loans | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | — | | | 375 | | | 286 | | | — | | | — | | | — | | | — | | | 661 | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total PPP loans | — | | | 375 | | | 286 | | | — | | | — | | | — | | | — | | | 661 | | 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 | | | December 31, 2022 | | | | | | | | | | | | Commercial real estate | | | | | | | | | | | | Construction and land development | $ | — | | | $ | — | | | $ | — | | | $ | 328,253 | | | $ | 328,253 | | | | Commercial real estate - owner occupied | 503 | | | — | | | 503 | | | 340,321 | | | 340,824 | | | | Commercial real estate - non-owner occupied | — | | | — | | | — | | | 690,241 | | | 690,241 | | | | Multifamily | — | | | — | | | — | | | 69,156 | | | 69,156 | | | | Total commercial real estate | 503 | | | — | | | 503 | | | 1,427,971 | | | 1,428,474 | | | | Commercial | | | | | | | | | | | | Commercial and industrial | 87 | | | 549 | | | 636 | | | 193,829 | | | 194,465 | | | | Equipment finance | 392 | | | 497 | | | 889 | | | 425,618 | | | 426,507 | | | | Municipal leases | 83 | | | — | | | 83 | | | 135,839 | | | 135,922 | | | | PPP loans | — | | | — | | | — | | | 214 | | | 214 | | | | Total commercial | 562 | | | 1,046 | | | 1,608 | | | 755,500 | | | 757,108 | | | | Residential real estate | | | | | | | | | | | | Construction and land development | — | | | 133 | | | 133 | | | 99,869 | | | 100,002 | | | | One-to-four family | 533 | | | 1,554 | | | 2,087 | | | 398,508 | | | 400,595 | | | | HELOCs | 1,226 | | | 979 | | | 2,205 | | | 192,091 | | | 194,296 | | | | Total residential real estate | 1,759 | | | 2,666 | | | 4,425 | | | 690,468 | | | 694,893 | | | | Consumer | 456 | | | 173 | | | 629 | | | 104,519 | | | 105,148 | | | | Total loans | $ | 3,280 | | | $ | 3,885 | | | $ | 7,165 | | | $ | 2,978,458 | | | $ | 2,985,623 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | | | 192,397 | | | 192,652 | | Equipment finance | 186 | | | 56 | | | 242 | | | 394,299 | | | 394,541 | | Municipal leases | — | | | — | | | — | | | 129,766 | | | 129,766 | | PPP loans | — | | | — | | | — | | | 661 | | | 661 | | 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 six months ended December 31, 2022. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | June 30, 2022 | | | | 90 Days+ & Still Accruing as of December 31, 2022 | | Nonaccrual With No Allowance as of December 31, 2022 | | Interest Income Recognized | | | Commercial real estate | | | | | | | | | | | | | | | Construction and land development | | $ | 50 | | | $ | 67 | | | | | $ | — | | | $ | — | | | $ | 1 | | | | Commercial real estate - owner occupied | | 621 | | | 706 | | | | | — | | | — | | | 12 | | | | Commercial real estate - non-owner occupied | | 2 | | | 5 | | | | | — | | | — | | | — | | | | Multifamily | | 94 | | | 103 | | | | | — | | | — | | | 4 | | | | Total commercial real estate | | 767 | | | 881 | | | | | — | | | — | | | 17 | | | | Commercial | | | | | | | | | | | | | | | Commercial and industrial | | 970 | | | 1,951 | | | | | — | | | 151 | | | 58 | | | | Equipment finance | | 840 | | | 270 | | | | | — | | | — | | | 64 | | | | Municipal leases | | — | | | — | | | | | — | | | — | | | 5 | | | | | | | | | | | | | | | | | | | Total commercial | | 1,810 | | | 2,221 | | | | | — | | | 151 | | | 127 | | | | Residential real estate | | | | | | | | | | | | | | | Construction and land development | | 133 | | | 137 | | | | | — | | | — | | | 2 | | | | One-to-four family | | 2,021 | | | 1,773 | | | | | — | | | — | | | 33 | | | | HELOCs | | 1,130 | | | 724 | | | | | — | | | — | | | 42 | | | | Total residential real estate | | 3,284 | | | 2,634 | | | | | — | | | — | | | 77 | | | | Consumer | | 313 | | | 384 | | | | | — | | | — | | | 8 | | | | Total loans | | $ | 6,174 | | | $ | 6,120 | | | | | $ | — | | | $ | 151 | | | $ | 229 | | | |
|
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 $(85) and $358 for off-balance sheet credit exposures and $(100) and $(250) for commercial paper were recorded for the three and six months ended December 31, 2022, respectively. Provisions (benefits) of $(110) and $(235) for off-balance sheet credit exposures and $50 and $50 for commercial paper were recorded for the three and six months ended December 31, 2021. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, 2022 | | | | | | Commercial Real Estate | | Commercial | | Residential Real Estate | | Consumer | | Total | | | | | | | | | Balance at beginning of period | $ | 14,680 | | | $ | 12,978 | | | $ | 8,383 | | | $ | 2,260 | | | $ | 38,301 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Provision (benefit) for credit losses | 378 | | | 1,232 | | | 693 | | | 122 | | | 2,425 | | | | | | | | | | Charge-offs | — | | | (1,859) | | | (51) | | | (69) | | | (1,979) | | | | | | | | | | Recoveries | 1 | | | 31 | | | 23 | | | 57 | | | 112 | | | | | | | | | | Net (charge-offs) recoveries | 1 | | | (1,828) | | | (28) | | | (12) | | | (1,867) | | | | | | | | | | Balance at end of period | $ | 15,059 | | | $ | 12,382 | | | $ | 9,048 | | | $ | 2,370 | | | $ | 38,859 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended December 31, 2022 | | | | | | 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 | 1,642 | | | 2,296 | | | 1,367 | | | 814 | | | 6,119 | | | | | | | | | | Charge-offs | — | | | (2,133) | | | (123) | | | (170) | | | (2,426) | | | | | | | | | | Recoveries | 3 | | | 183 | | | 193 | | | 97 | | | 476 | | | | | | | | | | Net (charge-offs) recoveries | 3 | | | (1,950) | | | 70 | | | (73) | | | (1,950) | | | | | | | | | | Balance at end of period | $ | 15,059 | | | $ | 12,382 | | | $ | 9,048 | | | $ | 2,370 | | | $ | 38,859 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, 2021 | | | | | | Commercial Real Estate | | Commercial | | Residential Real Estate | | Consumer | | Total | | | | | | | | | Balance at beginning of period | $ | 13,994 | | | $ | 10,211 | | | $ | 7,601 | | | $ | 2,600 | | | $ | 34,406 | | | | | | | | | | Provision (benefit) for credit losses | (1,253) | | | 1,113 | | | (1,737) | | | (563) | | | (2,440) | | | | | | | | | | Charge-offs | (1) | | | (1,130) | | | — | | | (16) | | | (1,147) | | | | | | | | | | Recoveries | 10 | | | 25 | | | 53 | | | 26 | | | 114 | | | | | | | | | | Net (charge-offs) recoveries | 9 | | | (1,105) | | | 53 | | | 10 | | | (1,033) | | | | | | | | | | Balance at end of period | $ | 12,750 | | | $ | 10,219 | | | $ | 5,917 | | | $ | 2,047 | | | $ | 30,933 | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended December 31, 2021 | | | | | | 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 | (2,589) | | | 1,826 | | | (2,526) | | | (486) | | | (3,775) | | | | | | | | | | Charge-offs | (439) | | | (1,311) | | | (27) | | | (79) | | | (1,856) | | | | | | | | | | Recoveries | 694 | | | 41 | | | 285 | | | 76 | | | 1,096 | | | | | | | | | | Net (charge-offs) recoveries | 255 | | | (1,270) | | | 258 | | | (3) | | | (760) | | | | | | | | | | Balance at end of period | $ | 12,750 | | | $ | 10,219 | | | $ | 5,917 | | | $ | 2,047 | | | $ | 30,933 | | | | | | | | | |
|
Schedule of Ending Balances of Loans and the Related Allowance by Segment and Class |
The following tables present ending balances of loans and the related ACL, by segment and class for the periods indicated below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for Credit Losses | | | | Total Loans Receivable | | Loans Individually Evaluated | | Loans Collectively Evaluated | | Total | | | | Loans Individually Evaluated | | Loans Collectively Evaluated | | Total | December 31, 2022 | | | | | | | | | | | | | | Commercial real estate | | | | | | | | | | | | | | Construction and land development | $ | — | | | $ | 5,893 | | | $ | 5,893 | | | | | $ | — | | | $ | 328,253 | | | $ | 328,253 | | Commercial real estate - owner occupied | — | | | 3,042 | | | 3,042 | | | | | — | | | 340,824 | | | 340,824 | | Commercial real estate - non-owner occupied | — | | | 5,803 | | | 5,803 | | | | | — | | | 690,241 | | | 690,241 | | Multifamily | — | | | 321 | | | 321 | | | | | — | | | 69,156 | | | 69,156 | | Total commercial real estate | — | | | 15,059 | | | 15,059 | | | | | — | | | 1,428,474 | | | 1,428,474 | | Commercial | | | | | | | | | | | | | | Commercial and industrial | 646 | | | 3,755 | | | 4,401 | | | | | 1,505 | | | 192,960 | | | 194,465 | | Equipment finance | — | | | 7,693 | | | 7,693 | | | | | — | | | 426,507 | | | 426,507 | | Municipal leases | — | | | 288 | | | 288 | | | | | — | | | 135,922 | | | 135,922 | | PPP loans | — | | | — | | | — | | | | | — | | | 214 | | | 214 | | Total commercial | 646 | | | 11,736 | | | 12,382 | | | | | 1,505 | | | 755,603 | | | 757,108 | | Residential real estate | | | | | | | | | | | | | | Construction and land development | — | | | 1,576 | | | 1,576 | | | | | — | | | 100,002 | | | 100,002 | | One-to-four family | — | | | 4,983 | | | 4,983 | | | | | 1,932 | | | 398,663 | | | 400,595 | | HELOCs | — | | | 2,489 | | | 2,489 | | | | | — | | | 194,296 | | | 194,296 | | Total residential real estate | — | | | 9,048 | | | 9,048 | | | | | 1,932 | | | 692,961 | | | 694,893 | | Consumer | — | | | 2,370 | | | 2,370 | | | | | — | | | 105,148 | | | 105,148 | | Total | $ | 646 | | | $ | 38,213 | | | $ | 38,859 | | | | | $ | 3,437 | | | $ | 2,982,186 | | | $ | 2,985,623 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for Credit Losses | | | | Total Loans Receivable | | | | Loans Individually Evaluated | | Loans Collectively Evaluated | | Total | | | | Loans Individually Evaluated | | Loans Collectively Evaluated | | Total | June 30, 2022 | | | | | | | | | | | | | | | | Commercial real estate | | | | | | | | | | | | | | | | Construction and land development | | | $ | — | | | $ | 4,402 | | | $ | 4,402 | | | | | $ | — | | | $ | 291,202 | | | $ | 291,202 | | Commercial real estate - owner occupied | | | — | | | 3,038 | | | 3,038 | | | | | — | | | 335,658 | | | 335,658 | | Commercial real estate - non-owner occupied | | | — | | | 5,589 | | | 5,589 | | | | | — | | | 662,159 | | | 662,159 | | Multifamily | | | — | | | 385 | | | 385 | | | | | — | | | 81,086 | | | 81,086 | | Total commercial real estate | | | — | | | 13,414 | | | 13,414 | | | | | — | | | 1,370,105 | | | 1,370,105 | | Commercial | | | | | | | | | | | | | | | | Commercial and industrial | | | 2,191 | | | 2,892 | | | 5,083 | | | | | 2,854 | | | 189,798 | | | 192,652 | | Equipment finance | | | — | | | 6,651 | | | 6,651 | | | | | — | | | 394,541 | | | 394,541 | | Municipal leases | | | — | | | 302 | | | 302 | | | | | — | | | 129,766 | | | 129,766 | | PPP loans | | | — | | | — | | | — | | | | | — | | | 661 | | | 661 | | Total commercial | | | 2,191 | | | 9,845 | | | 12,036 | | | | | 2,854 | | | 714,766 | | | 717,620 | | Residential real estate | | | | | | | | | | | | | | | | Construction and land development | | | — | | | 1,052 | | | 1,052 | | | | | — | | | 81,847 | | | 81,847 | | One-to-four family | | | — | | | 4,673 | | | 4,673 | | | | | 2,486 | | | 351,717 | | | 354,203 | | HELOCs | | | — | | | 1,886 | | | 1,886 | | | | | — | | | 160,137 | | | 160,137 | | Total residential real estate | | | — | | | 7,611 | | | 7,611 | | | | | 2,486 | | | 593,701 | | | 596,187 | | Consumer | | | — | | | 1,629 | | | 1,629 | | | | | — | | | 85,383 | | | 85,383 | | Total | | | $ | 2,191 | | | $ | 32,499 | | | $ | 34,690 | | | | | $ | 5,340 | | | $ | 2,763,955 | | | $ | 2,769,295 | |
|
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 December 31, | | 2022 | | 2021 | | Number of Loans | | Pre Modification Outstanding Recorded Investment | | Post Modification Outstanding Recorded Investment | | Number of Loans | | Pre Modification Outstanding Recorded Investment | | Post Modification Outstanding Recorded Investment | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other TDRs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate | | | | | | | | | | | | | | | | | | | | | | | | One-to-four family | — | | | $ | — | | | $ | — | | | 3 | | | $ | 215 | | | $ | 212 | | HELOCs | — | | | — | | | — | | | 1 | | | 51 | | | 51 | | Consumer | 1 | | | 11 | | | 10 | | | — | | | — | | | — | | Total other TDRs | 1 | | | 11 | | | 10 | | | 4 | | | 266 | | | 263 | | Total | 1 | | | $ | 11 | | | $ | 10 | | | 4 | | | $ | 266 | | | $ | 263 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended December 31, | | 2022 | | 2021 | | Number of Loans | | Pre Modification Outstanding Recorded Investment | | Post Modification Outstanding Recorded Investment | | Number of Loans | | Pre Modification Outstanding Recorded Investment | | Post Modification Outstanding Recorded Investment | Below market interest rate | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial loans | | | | | | | | | | | | Commercial and industrial | 5 | | | $ | 569 | | | $ | 569 | | | — | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total below market interest rate | 5 | | | $ | 569 | | | $ | 569 | | | — | | | $ | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other TDRs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate loans | | | | | | | | | | | | | | | | | | | | | | | | One-to-four family | — | | | $ | — | | | $ | — | | | 3 | | | $ | 215 | | | $ | 212 | | HELOCs | — | | | — | | | — | | | 2 | | | 68 | | | 70 | | Consumer | 4 | | | 49 | | | 41 | | | 5 | | | 84 | | | 80 | | Total other TDRs | 4 | | | 49 | | | 41 | | | 10 | | | 367 | | | 362 | | Total | 9 | | | $ | 618 | | | $ | 610 | | | 10 | | | $ | 367 | | | $ | 362 | |
|
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 December 31, | | 2022 | | 2021 | | | | | | Number of Loans | | Recorded Investment | | Number of Loans | | Recorded Investment | | | | | Below market interest rate | | | | | | | | | | | | Commercial loans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial and industrial | 1 | | | $ | 140 | | | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total | 1 | | | $ | 140 | | | — | | | $ | — | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended December 31, | | 2022 | | 2021 | | | | | | Number of Loans | | Recorded Investment | | Number of Loans | | Recorded Investment | | | | | Below market interest rate | | | | | | | | | | | | Commercial loans | | | | | | | | | | | | Commercial and industrial | 1 | | | $ | 140 | | | — | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total below market interest rate | 1 | | | $ | 140 | | | — | | | $ | — | | | | | | | | | | | | | | | | | | Extended payment terms | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate loans | | | | | | | | | | | | One-to-four family | 1 | | | $ | 34 | | | — | | | $ | — | | | | | | | | | | | | | | | | | | Total extended payment terms | 1 | | | $ | 34 | | | — | | | $ | — | | | | | | | | | | | | | | | | | | Other TDRs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer | 1 | | | $ | 2 | | | 2 | | | $ | 44 | | | | | | Total other TDRs | 1 | | | $ | 2 | | | 2 | | | $ | 44 | | | | | | Total | 3 | | | $ | 176 | | | 2 | | | $ | 44 | | | | | |
|