The following tables present the balance of the allowance for credit losses at March 31, 2026 and June 30, 2025. The balance of the allowance for credit losses is based on an expected loss methodology, referred to as the “CECL” methodology. The tables identify the valuation allowances attributable to specifically identified impairments on individually analyzed loans, including those acquired with deteriorated credit quality, as well as valuation allowances for impairments on loans collectively evaluated. The tables include the underlying balance of loans receivable applicable to each category as of those dates.


	Allowance for Credit Losses March 31, 2026
	Loans acquired with deteriorated credit quality individually analyzed		Loans acquired with deteriorated credit quality collectively evaluated		Loans individually analyzed		Loans collectively evaluated		Total allowance for credit losses
	(In Thousands)
Multi-family mortgage	$	—	$	—	$	886	$	22,164	$	23,050
Nonresidential mortgage	—		15		—		7,787		7,802
Commercial business	—		6		45		2,567		2,618
Construction	—		—		—		1,437		1,437
One- to four-family residential mortgage	—		83		25		9,109		9,217
Home equity loans	—		—		—		499		499
Other consumer	—		—		—		100		100
Total loans	$	—	$	104	$	956	$	43,663	$	44,723


	Balance of Loans Receivable March 31, 2026
	Loans acquired with deteriorated credit quality individually analyzed		Loans acquired with deteriorated credit quality collectively evaluated		Loans individually analyzed		Loans collectively evaluated		Total loans
	(In Thousands)
Multi-family mortgage	$	—	$	—	$	38,116	$	2,516,885	$	2,555,001
Nonresidential mortgage	219		1,012		5,460		1,005,731		1,012,422
Commercial business	—		711		536		200,030		201,277
Construction	—		5,735		2,755		199,275		207,765
One- to four-family residential mortgage	554		3,418		4,542		1,732,509		1,741,023
Home equity loans	9		—		188		61,182		61,379
Other consumer	—		—		—		2,377		2,377
Total loans	$	782	$	10,876	$	51,597	$	5,717,989	$	5,781,244
Unaccreted yield adjustments									(2,063)
Loans receivable, net of yield adjustments									$	5,779,181


	Allowance for Credit Losses June 30, 2025
	Loans acquired with deteriorated credit quality individually analyzed		Loans acquired with deteriorated credit quality collectively evaluated		Loans individually analyzed		Loans collectively evaluated		Total allowance for credit losses
	(In Thousands)
Multi-family mortgage	$	—	$	—	$	1,377	$	23,529	$	24,906
Nonresidential mortgage	—		20		—		6,918		6,938
Commercial business	—		23		971		1,434		2,428
Construction	—		—		—		1,155		1,155
One- to four-family residential mortgage	34		87		60		9,999		10,180
Home equity loans	11		—		32		447		490
Other consumer	—		—		—		94		94
Total loans	$	45	$	130	$	2,440	$	43,576	$	46,191


	Balance of Loans Receivable June 30, 2025
	Loans acquired with deteriorated credit quality individually analyzed		Loans acquired with deteriorated credit quality collectively evaluated		Loans individually analyzed		Loans collectively evaluated		Total loans
	(In Thousands)
Multi-family mortgage	$	—	$	—	$	30,857	$	2,678,797	$	2,709,654
Nonresidential mortgage	240		1,405		5,523		979,388		986,556
Commercial business	—		1,093		2,223		135,439		138,755
Construction	—		5,735		—		171,978		177,713
One- to four-family residential mortgage	614		3,551		5,936		1,738,490		1,748,591
Home equity loans	21		—		183		50,533		50,737
Other consumer	—		—		—		2,533		2,533
Total loans	$	875	$	11,784	$	44,722	$	5,757,158	$	5,814,539
Unaccreted yield adjustments									(1,602)
Loans receivable, net of yield adjustments									$	5,812,937


	Changes in the Allowance for Credit Losses Three Months Ended March 31, 2026
	Balance at December 31, 2025		Charge-offs		Recoveries		Provision for (reversal of) credit losses		Balance at March 31, 2026
	(In Thousands)
Multi-family mortgage	$	24,171	$	(540)	$	—	$	(581)	$	23,050
Nonresidential mortgage	7,871		—		—		(69)		7,802
Commercial business	1,984		(178)		73		739		2,618
Construction	1,284		—		—		153		1,437
One- to four-family residential mortgage	9,075		—		19		123		9,217
Home equity loans	466		—		—		33		499
Other consumer	107		—		—		(7)		100
Total loans	$	44,958	$	(718)	$	92	$	391	$	44,723


	Changes in the Allowance for Credit Losses Nine Months Ended March 31, 2026
	Balance at June 30, 2025		Charge-offs		Recoveries		Provision for (reversal of) credit losses		Balance at March 31, 2026
	(In Thousands)
Multi-family mortgage	$	24,906	$	(1,195)	$	—	$	(661)	$	23,050
Nonresidential mortgage	6,938		(5)		—		869		7,802
Commercial business	2,428		(1,214)		109		1,295		2,618
Construction	1,155		—		—		282		1,437
One- to four-family residential mortgage	10,180		(47)		19		(935)		9,217
Home equity loans	490		(11)		—		20		499
Other consumer	94		—		—		6		100
Total loans	$	46,191	$	(2,472)	$	128	$	876	$	44,723


	Changes in the Allowance for Credit Losses Three Months Ended March 31, 2025
	Balance at December 31, 2024		Charge-offs		Recoveries		Provision for (reversal of) credit losses		Balance at March 31, 2025
	(In Thousands)
Multi-family mortgage	$	24,880	$	—	$	—	$	(220)	$	24,660
Nonresidential mortgage	6,479		(332)		—		529		6,676
Commercial business	1,563		(40)		4		(10)		1,517
Construction	1,157		—		—		(34)		1,123
One- to four-family residential mortgage	9,855		—		—		103		9,958
Home equity loans	421		—		—		(4)		417
Other consumer	102		—		—		2		104
Total loans	$	44,457	$	(372)	$	4	$	366	$	44,455


	Changes in the Allowance for Credit Losses Nine Months Ended March 31, 2025
	Balance at June 30, 2024		Charge-offs		Recoveries		Provision for (reversal of) credit losses		Balance at March 31, 2025
	(In Thousands)
Multi-family mortgage	$	24,125	$	—	$	—	$	535	$	24,660
Nonresidential mortgage	6,125		(830)		—		1,381		6,676
Commercial business	1,573		(242)		14		172		1,517
Construction	1,230		—		—		(107)		1,123
One- to four-family residential mortgage	11,461		(2)		2		(1,503)		9,958
Home equity loans	349		(2)		—		70		417
Other consumer	76		(5)		—		33		104
Total loans	$	44,939	$	(1,081)	$	16	$	581	$	44,455

The allowance for credit losses on loans decreased from $46.2 million at June 30, 2025 to $44.7 million as of March 31, 2026. The decrease was primarily due to a decrease in individually analyzed reserves on commercial and multi-family mortgage loans, resulting from net charge-offs, and a decrease in the balance of loans receivable, partially offset by quantitative and qualitative risk factor adjustments across different loan segments.

The following table presents the activity in the allowance for credit losses on off balance sheet commitments recorded in other non-interest expense for the three and nine months ended March 31, 2026 and 2025:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2026		2025		2026		2025
	(In Thousands)
Balance at beginning of the period	$	1,340	$	953	$	1,129	$	796
(Reversal of) provision for credit losses	(86)		37		125		194
Balance at end of the period	$	1,254	$	990	$	1,254	$	990