v3.26.1
LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)
 12 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Composition of the Loan Portfolio
The following table sets forth the composition of the loan portfolio:
(Dollars in thousands)
June 30, 2026
June 30, 2025
Single Family - Mortgage & Warehouse$4,581,772 $4,395,278 
Multifamily and Commercial Mortgage
2,484,290 2,940,739 
Commercial Real Estate
8,867,851 6,937,187 
Commercial & Industrial - Non-RE9,495,647 6,795,497 
Auto & Consumer666,477 482,996 
Total gross loans26,096,037 21,551,697 
Allowance for credit losses - loans(347,375)(290,049)
Unaccreted premiums (discounts) and loan fees(153,259)(212,038)
Total net loans$25,595,403 $21,049,610 
Schedule of Allowance for Credit Losses on Financing Receivables
The following table presents the components of the provision for credit losses:
For the Fiscal Year Ended June 30,
(Dollars in thousands)202620252024
Provision for credit losses - loans$92,719 $55,077 $32,750 
Provision for credit losses - unfunded lending commitments8,386 668 (250)
    Total provision for credit losses$101,105 $55,745 $32,500 
The following tables summarize activity in the allowance for credit losses - loans by portfolio segment:
June 30, 2026
(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotal
Balance at July 1, 2025
$12,111 $26,240 $113,804 $121,639 $16,255 $290,049 
Allowance for credit losses at acquisition of PCD loans
— — — 7,946 — 7,946 
Provision (benefit) for credit losses - loans(4,809)(75)7,752 80,310 9,541 92,719 
Charge-offs(504)(5,325)(4)(34,604)(8,716)(49,153)
Recoveries558 264 — 1,793 3,199 5,814 
Balance at June 30, 2026
$7,356 $21,104 $121,552 $177,084 $20,279 $347,375 
June 30, 2025
(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotal
Balance at July 1, 2024
$16,943 $70,771 $87,780 $76,032 $9,016 $260,542 
Provision (benefit) for credit losses - loans(1,858)(36,655)25,934 54,432 13,224 55,077 
Charge-offs(3,036)(8,565)(165)(8,825)(9,715)(30,306)
Recoveries62 689 255 — 3,730 4,736 
Balance at June 30, 2025
$12,111 $26,240 $113,804 $121,639 $16,255 $290,049 
June 30, 2024
(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotal
Balance at July 1, 2023$17,503 $16,848 $72,755 $46,347 $13,227 $166,680 
Allowance for credit losses at acquisition of PCD loans— 58,997 11,125 — — 70,122 
Provision (benefit) for credit losses - loans(489)(4,434)3,900 29,769 4,004 32,750 
Charge-offs(172)(640)— (84)(11,013)(11,909)
Recoveries101 — — — 2,798 2,899 
Balance at June 30, 2024
$16,943 $70,771 $87,780 $76,032 $9,016 $260,542 
The following tables present a summary of the activity in the unfunded loan commitment liabilities for the periods indicated:
For the Fiscal Year Ended June 30,
(Dollars in thousands)202620252024
BALANCE—beginning of year$10,891 $10,223 $10,473 
Provision (Benefit)8,386 668 (250)
BALANCE—end of year$19,277 $10,891 $10,223 
Schedule of Real Estate Loans, LTV Ratio
The following table presents LTVs for the Company’s real estate loans outstanding as of June 30, 2026:
Total Real Estate LoansSingle Family - Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real Estate
Weighted-Average LTV50 %55 %51 %47 %
Median LTV50 %53 %42 %46 %
Schedule of Outstanding Principal Balance on Loans Performing and Nonaccrual The following tables provide the composition of loans that are performing and nonaccrual by portfolio segment:
June 30, 2026
(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotal
Performing$4,523,065 $2,479,258 $8,853,128 $9,418,504 $664,952 $25,938,907 
Nonaccrual58,707 5,032 14,723 77,143 1,525 157,130 
Total$4,581,772 $2,484,290 $8,867,851 $9,495,647 $666,477 $26,096,037 
Nonaccrual loans to total loans0.60 %
June 30, 2025
(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotal
Performing$4,351,082 $2,907,702 $6,907,964 $6,733,693 $480,870 $21,381,311 
Nonaccrual44,196 33,037 29,223 61,804 $2,126 170,386 
Total$4,395,278 $2,940,739 $6,937,187 $6,795,497 $482,996 $21,551,697 
Nonaccrual loans to total loans0.79 %
Schedule of Composition of Loan and Lease Portfolio by Credit Quality Indicators
The following tables present the composition of loans by portfolio segment, fiscal year of origination and credit quality indicator, and the amount of gross charge-offs:
June 30, 2026
Loans Held for Investment by Fiscal Year of Origination
Revolving Loans Total
(Dollars in thousands)20262025202420232022Prior
Single Family-Mortgage & Warehouse
Pass$968,427 $419,519 $164,739 $360,370 $912,712 $834,773 $791,650 $4,452,190 
Special Mention— 2,130 — 2,475 19,317 27,748 1,132 52,802 
Substandard— 18,331 1,015 539 19,797 37,098 — 76,780 
Doubtful— — — — — — — — 
Total968,427 439,980 165,754 363,384 951,826 899,619 792,782 4,581,772 
Gross charge-offs— — 65 — 48 391 — 504 
Multifamily and Commercial Mortgage
Pass219,953 74,875 17,667 514,228 728,167 890,900 2,445,790 
Special Mention3,708 — — 2,201 9,033 — — 14,942 
Substandard— — — 2,256 18,428 2,874 — 23,558 
Doubtful— — — — — — — — 
Total223,661 74,875 17,667 518,685 755,628 893,774 — 2,484,290 
Gross charge-offs
— — — 423 — 4,902 — 5,325 
Commercial Real Estate
Pass3,236,196 2,751,766 906,348 610,616 11,170 28,958 1,261,496 8,806,550 
Special Mention— — — — 27,128 — — 27,128 
Substandard3,660 — — 1,185 — 14,723 14,605 34,173 
Doubtful— — — — — — — — 
Total3,239,856 2,751,766 906,348 611,801 38,298 43,681 1,276,101 8,867,851 
Gross charge-offs— — — — — 4 — 4 
Commercial & Industrial - Non-RE
Pass2,614,903 1,171,686 804,879 190,672 139,711 48,857 4,171,779 9,142,487 
Special Mention11,324 22,611 27,564 2,273 614 14,106 8,616 87,108 
Substandard9,044 12,485 134,367 12,537 74,218 756 22,051 265,458 
Doubtful532 — — — — 62 — 594 
Total2,635,803 1,206,782 966,810 205,482 214,543 63,781 4,202,446 9,495,647 
Gross charge-offs1,680 3,346 2,997 796 24,795 990 — 34,604 
Auto & Consumer
Pass360,417 154,924 32,374 42,577 59,571 14,465 — 664,328 
Special Mention110 170 18 78 199 20 — 595 
Substandard538 406 27 98 349 136 — 1,554 
Doubtful— — — — — — — — 
Total361,065 155,500 32,419 42,753 60,119 14,621 — 666,477 
Gross charge-offs1,096 3,200 421 1,600 1,342 1,057 — 8,716 
Total
Pass7,399,896 4,572,770 1,926,007 1,718,463 1,851,331 1,817,953 6,224,925 25,511,345 
Special Mention15,142 24,911 27,582 7,027 56,291 41,874 9,748 182,575 
Substandard13,242 31,222 135,409 16,615 112,792 55,587 36,656 401,523 
Doubtful532 — — — — 62 — 594 
Total$7,428,812 $4,628,903 $2,088,998 $1,742,105 $2,020,414 $1,915,476 $6,271,329 $26,096,037 
As a % of total gross loans28.5%17.8%8.0%6.7%7.7%7.3%24.0%100.0%
Total gross charge-offs
$2,776 $6,546 $3,483 $2,819 $26,185 $7,344 $— $49,153 
June 30, 2025
Loans Held for Investment by Fiscal Year of Origination
Revolving Loans Total
(Dollars in thousands)20252024202320222021Prior
Single Family-Mortgage & Warehouse
Pass$750,357 $269,165 $451,330 $1,067,144 $434,352 $715,620 $599,406 $4,287,374 
Special Mention2,129 1,080 5,362 3,140 5,254 26,604 9,967 53,536 
Substandard— — — 7,255 6,720 40,393 — 54,368 
Doubtful— — — — — — — — 
Total752,486 270,245 456,692 1,077,539 446,326 782,617 609,373 4,395,278 
Year-to-date gross charge-offs— 340 — 400 — 2,296 — 3,036 
Multifamily and Commercial Mortgage
Pass75,755 22,435 632,120 859,189 422,683 842,787 1,450 2,856,419 
Special Mention— — 3,400 — 7,255 18,272 — 28,927 
Substandard— — 8,530 13,199 — 33,664 — 55,393 
Doubtful— — — — — — — — 
Total75,755 22,435 644,050 872,388 429,938 894,723 1,450 2,940,739 
Year-to-date gross charge-offs— 375 86 5 — 8,099 — 8,565 
Commercial Real Estate
Pass3,135,530 1,342,372 679,875 575,642 152,581 47,214 960,145 6,893,359 
Special Mention— — — — — — — 
Substandard— — — 9,500 5,000 14,723 14,605 43,828 
Doubtful— — — — — — — — 
Total3,135,530 1,342,372 679,875 585,142 157,581 61,937 974,750 6,937,187 
Year-to-date gross charge-offs— — — 165 — — — 165 
Commercial & Industrial - Non-RE
Pass1,231,118 809,347 310,043 120,385 38,397 28,311 3,928,415 6,466,016 
Special Mention— 45,120 — — 93 — 10,023 55,236 
Substandard3,747 10,719 9,244 135,778 2,486 2,989 99,282 264,245 
Doubtful— — — 10,000 — — — 10,000 
Total1,234,865 865,186 319,287 266,163 40,976 31,300 4,037,720 6,795,497 
Year-to-date gross charge-offs— — 883 — 5,942 — 2,000 8,825 
Auto & Consumer
Pass213,318 47,587 75,120 109,228 23,084 11,448 — 479,785 
Special Mention295 52 186 270 60 10 — 873 
Substandard154 48 365 807 549 415 — 2,338 
Doubtful— — — — — — — — 
Total213,767 47,687 75,671 110,305 23,693 11,873 — 482,996 
Year-to-date gross charge-offs589 813 2,363 3,340 797 1,813 — 9,715 
Total
Pass5,406,078 2,490,906 2,148,488 2,731,588 1,071,097 1,645,380 5,489,416 20,982,953 
Special Mention2,424 46,252 8,948 3,410 12,662 44,886 19,990 138,572 
Substandard3,901 10,767 18,139 166,539 14,755 92,184 113,887 420,172 
Doubtful— — — 10,000 — — — 10,000 
Total$5,412,403 $2,547,925 $2,175,575 $2,911,537 $1,098,514 $1,782,450 $5,623,293 $21,551,697 
As a % of total gross loans25.1%11.9%10.1%13.5%5.1%8.3%26.1%100.0%
Total year-to-date gross charge-offs589 1,528 3,332 3,910 6,739 12,208 2,000 30,306 
Schedule of Past Due Loan and Leases
The following tables provide the aging of loans by portfolio segment:
June 30, 2026
(Dollars in thousands)Current30-59 Days60-89 Days90+ DaysTotal
Single Family-Mortgage & Warehouse$4,517,180 $4,142 $2,755 $57,695 $4,581,772 
Multifamily and Commercial Mortgage2,476,985 3,407 — 3,898 2,484,290 
Commercial Real Estate8,853,128 — — 14,723 8,867,851 
Commercial & Industrial - Non-RE9,347,305 30,302 35,723 82,317 9,495,647 
Auto & Consumer
660,928 4,023 667 859 666,477 
Total$25,855,526 $41,874 $39,145 $159,492 $26,096,037 
As a % of total gross loans99.08 %0.16 %0.15 %0.61 %100.00 %
June 30, 2025
(Dollars in thousands)Current30-59 Days60-89 Days90+ DaysTotal
Single Family-Mortgage & Warehouse$4,322,681 $13,302 $16,395 $42,900 $4,395,278 
Multifamily and Commercial Mortgage2,870,972 36,649 549 32,569 2,940,739 
Commercial Real Estate6,900,904 — 7,060 29,223 6,937,187 
Commercial & Industrial - Non-RE
6,783,440 — — 12,057 6,795,497 
Auto & Consumer477,694 3,025 920 1,357 482,996 
Total$21,355,691 $52,976 $24,924 $118,106 $21,551,697 
As a % of total gross loans99.09 %0.25 %0.12 %0.55 %100.00 %
Schedule of Related Party Loans Collateralized
In the ordinary course of business, the Company has granted related party loans collateralized by real property to certain executive officers, directors and their affiliates, which is summarized in the following table:
At June 30,
(Dollars in thousands)20262025
Outstanding loan balance$28,272 $29,146 
Schedule of Sales-type Lease, Lease Income The following table presents the aggregate interest income earned under direct financing and sales-type leases for the periods presented. For additional information on these leases, see Note 1—“Organizations and Summary of Significant Accounting Policies.”
For the fiscal year ended June 30,
(Dollars in thousands)202620252024
Lease interest income111,25514,46910,619
Schedule of Future Undiscounted Cash Flows to be Received
The following table presents the future undiscounted cash flows to be received over the next five fiscal years and the total thereafter and a reconciliation of direct financing and sales-type leases to the amount reflected in the in the Company’s Consolidated Balance Sheet.
At June 30,
(Dollars in thousands)2026
Undiscounted cash flows to be received in fiscal year:
2027$309,168 
2028233,249 
2029163,107 
203092,056 
203166,874 
Thereafter82,927 
Total undiscounted cash flows to be received$947,381 
Unearned income(134,011)
Estimated residual value and other19,023 
Total investment in direct financing and sales-type leases$832,393