v3.26.1
Loans Receivable (Tables)
 12 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Loans Receivable
The following table sets forth the composition of the Company’s loan portfolio at June 30, 2026 and 2025:
June 30,
2026		June 30,
2025
(In Thousands)
Commercial loans:
Multi-family mortgage$2,499,894 $2,709,654 
Nonresidential mortgage1,019,445 986,556 
Commercial and industrial223,927 138,755 
Construction263,200 177,713 
Total commercial loans4,006,466 4,012,678 
One- to four-family residential mortgage1,789,865 1,748,591 
Consumer loans:
Home equity loans 79,844 50,737 
Other consumer2,387 2,533 
Total consumer loans82,231 53,270 
Total loans5,878,562 5,814,539 
Unaccreted yield adjustments (1)
(3,237)(1,602)
Total loans receivable, net of yield adjustments$5,875,325 $5,812,937 
___________________________
(1)At June 30, 2026 and 2025, included a fair value adjustment to the carrying amount of hedged one- to four-family residential mortgage loans.
Contractual Payment Status of Past Loans Receivable The following tables present the payment status of past due loans as of June 30, 2026 and 2025, by loan segment:
Payment Status
June 30, 2026
30-59 Days60-89 Days90 Days and OverTotal Past DueCurrentTotal
(In Thousands)
Multi-family mortgage$2,404 $— $31,170 $33,574 $2,466,320 $2,499,894 
Nonresidential mortgage— — 203 203 1,019,242 1,019,445 
Commercial and industrial— — 205 205 223,722 223,927 
Construction— — 2,755 2,755 260,445 263,200 
One- to four-family residential mortgage1,791 1,683 4,390 7,864 1,782,001 1,789,865 
Home equity loans 151 198 21 370 79,474 79,844 
Other consumer— — — — 2,387 2,387 
Total loans$4,346 $1,881 $38,744 $44,971 $5,833,591 $5,878,562 
Payment Status
June 30, 2025
30-59 Days60-89 Days90 Days and OverTotal Past DueCurrentTotal
(In Thousands)
Multi-family mortgage$— $5,270 $22,218 $27,488 $2,682,166 $2,709,654 
Nonresidential mortgage926 — 4,937 5,863 980,693 986,556 
Commercial and industrial— 400 1,301 1,701 137,054 138,755 
Construction— — — — 177,713 177,713 
One- to four-family residential mortgage1,350 2,890 3,643 7,883 1,740,708 1,748,591 
Home equity loans 176 96 204 476 50,261 50,737 
Other consumer— — — — 2,533 2,533 
Total loans$2,452 $8,656 $32,303 $43,411 $5,771,128 $5,814,539 
Performance Status of Loans Receivable
The following tables present information relating to the Company’s nonperforming loans as of June 30, 2026 and 2025:
Performance Status
June 30, 2026
90 Days and Over Past Due AccruingNonaccrual Loans with Allowance for
Credit Losses		Nonaccrual Loans with no Allowance for
Credit Losses		Total NonperformingPerformingTotal
(In Thousands)
Multi-family mortgage$— $10,617 $26,263 $36,880 $2,463,014 $2,499,894 
Nonresidential mortgage— — 360 360 1,019,085 1,019,445 
Commercial and industrial— 197 265 462 223,465 223,927 
Construction— — 2,755 2,755 260,445 263,200 
One- to four-family residential mortgage— 2,929 4,393 7,322 1,782,543 1,789,865 
Home equity loans — — 117 117 79,727 79,844 
Other consumer— — — — 2,387 2,387 
Total loans$— $13,743 $34,153 $47,896 $5,830,666 $5,878,562 
Performance Status
June 30, 2025
90 Days and Over Past Due AccruingNonaccrual Loans with Allowance for
Credit Losses		Nonaccrual Loans with no Allowance for
Credit Losses		Total NonperformingPerformingTotal
(In Thousands)
Multi-family mortgage$— $15,867 $14,990 $30,857 $2,678,797 $2,709,654 
Nonresidential mortgage— — 5,763 5,763 980,793 986,556 
Commercial and industrial— 1,930 293 2,223 136,532 138,755 
Construction— — — — 177,713 177,713 
One- to four-family residential mortgage— 2,862 3,688 6,550 1,742,041 1,748,591 
Home equity loans — 188 16 204 50,533 50,737 
Other consumer— — — — 2,533 2,533 
Total loans$— $20,847 $24,750 $45,597 $5,768,942 $5,814,539 
Troubled Debt Restructurings of Loans Receivable
The following tables present the amortized cost basis at June 30, 2026 and 2025, of loan modifications made to borrowers experiencing financial difficulty that were restructured during the fiscal years ended June 30, 2026 and 2025, by type of modification:
Year Ended June 30, 2026
Payment DelayTerm ExtensionTerm Extension and Payment DelayPayment Delay and Interest Rate ReductionTerm Extension and Interest Rate ReductionTotalPercent of Total Class
(Dollars In Thousands)
Multi-family mortgage$2,404 $— $9,339 $15,339 $— $27,082 1.08 %
Commercial and industrial— — — — 696 696 0.31 %
One- to four-family residential mortgage221 6 — — — 227 0.01 %
Total$2,625 $6 $9,339 $15,339 $696 $28,005 
Year Ended June 30, 2025
Payment DelayTerm ExtensionTerm Extension and Payment DelayPayment Delay and Interest Rate ReductionTerm Extension and Interest Rate ReductionTotalPercent of Total Class
(Dollars In Thousands)
Multi-family mortgage$22,571 $— $— $11,146 $— $33,717 1.24 %
Nonresidential mortgage169 — — — — 169 0.02 %
Commercial and industrial44 — — — — 44 0.03 %
Total$22,784 $— $— $11,146 $— $33,930 
The following table presents the payment status of the loans that were modified to borrowers experiencing financial difficulties in the last twelve months:

June 30, 2026
Current30-89 Days Past Due90 Days or More Past DueTotal Past DueNon-Accrual
(Dollars In Thousands)
Multi-family mortgage$24,678 $2,404 $— $2,404 $— 
Commercial and industrial696 — — — — 
One- to four-family residential mortgage227 — — — 141 
Total$25,601 $2,404 $— $2,404 $141 
Carrying Value of Collateral Dependent Individually Analyzed Loans
The following table presents the carrying value and related allowance of collateral dependent individually analyzed loans at the dates indicated:
June 30, 2026June 30, 2025
Carrying ValueRelated AllowanceCarrying ValueRelated Allowance
(In Thousands)
Commercial loans:
Multi-family mortgage$36,738 $1,054 $30,808 $1,377 
Nonresidential mortgage (1)
— — 4,697 — 
Construction2,755 — — — 
Total commercial loans39,493 1,054 35,505 1,377 
One- to four-family residential mortgage (2)
687 — 2,264 — 
Consumer loans:
Home equity loans13 — 16 — 
Total $40,193 $1,054 $37,785 $1,377 
________________________________________
(1)Secured by income-producing nonresidential property.
(2)Secured by one- to four-family residential properties.
Credit-Rating Classification of Loans Receivable
The following table presents the risk category of loans as of June 30, 2026 by loan segment and vintage year:
Term Loans by Origination Year for Fiscal Years ended June 30,Revolving Loans
20262025202420232022PriorTotal
(In Thousands)
Multi-family mortgage:
Pass$39,301 $143,047 $23,201 $562,037 $873,965 $788,979 $— $2,430,530 
Special Mention— — — — — — — — 
Substandard— — — — 1,524 67,840 — 69,364 
Doubtful— — — — — — — — 
Total multi-family mortgage39,301 143,047 23,201 562,037 875,489 856,819 — 2,499,894 
Multi-family current period gross charge-offs— — — — — 1,208 — 1,208 
Nonresidential mortgage:
Pass127,046 128,995 79,932 94,561 184,548 401,984 — 1,017,066 
Special Mention— — — — — 757 — 757 
Substandard— — — — — 1,622 — 1,622 
Doubtful— — — — — — — — 
Total nonresidential mortgage127,046 128,995 79,932 94,561 184,548 404,363 — 1,019,445 
Nonresidential current period gross charge-offs— — — — — 5 — 5 
Commercial and industrial:
Pass99,867 16,182 6,941 4,239 14,850 15,904 61,967 219,950 
Special Mention— — 696 — 2,639 98 — 3,433 
Substandard— 81 — — — 463 — 544 
Doubtful— — — — — — — — 
Total commercial and industrial99,867 16,263 7,637 4,239 17,489 16,465 61,967 223,927 
Commercial current period gross charge-offs— — 400 — — 859 — 1,259 
Construction loans:
Pass87,057 83,649 80,149 — 1,129 2,726 5,735 260,445 
Special Mention— — — — — — — — 
Substandard— — — — — 2,755 — 2,755 
Doubtful— — — — — — — — 
Total construction loans87,057 83,649 80,149 — 1,129 5,481 5,735 263,200 
Construction current period gross charge-offs— — — — — — — — 
Residential mortgage:
Pass216,253 119,726 124,983 164,032 390,804 759,888 418 1,776,104 
Special Mention— — — — — 326 — 326 
Substandard— — 947 1,639 1,239 9,610 — 13,435 
Doubtful— — — — — — — — 
Total residential mortgage216,253 119,726 125,930 165,671 392,043 769,824 418 1,789,865 
Residential current period gross charge-offs— — — — — 47 — 47 
Home equity loans:
Pass60 389 1,385 3,576 1,387 6,201 66,446 79,444 
Special Mention— — — — — — — — 
Substandard— — 187 — — 120 93 400 
Doubtful— — — — — — — — 
Total home equity loans60 389 1,572 3,576 1,387 6,321 66,539 79,844 
Home equity current period gross charge-offs— — — — — 11 — 11 
Other consumer loans:
Pass522 258 216 143 58 1,082 26 2,305 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — 82 82 
Other consumer loans522 258 216 143 58 1,082 108 2,387 
Other consumer current period gross charge-offs— — — — — — — — 
Total loans$570,106 $492,327 $318,637 $830,227 $1,472,143 $2,060,355 $134,767 $5,878,562 
Total current period gross charge-offs$— $— $400 $— $— $2,130 $— $2,530 
The following table presents the risk category of loans as of June 30, 2025 by loan segment and vintage year:
Term Loans by Origination Year for Fiscal Years ended June 30,Revolving Loans
20252024202320222021PriorTotal
(In Thousands)
Multi-family mortgage:
Pass$146,525 $26,430 $591,647 $939,414 $219,907 $720,674 $— $2,644,597 
Special Mention— — — — — — — — 
Substandard— — — — 11,830 53,227 — 65,057 
Doubtful— — — — — — — — 
Total multi-family mortgage146,525 26,430 591,647 939,414 231,737 773,901 — 2,709,654 
Nonresidential mortgage:
Pass132,407 81,426 102,965 190,781 107,519 352,364 49 967,511 
Special Mention— — — — 945 6,187 — 7,132 
Substandard— — — — 851 11,062 — 11,913 
Doubtful— — — — — — — — 
Total nonresidential mortgage132,407 81,426 102,965 190,781 109,315 369,613 49 986,556 
Nonresidential current period gross charge-offs— — — — — 830 — 830 
Commercial and industrial:
Pass23,729 9,355 5,718 20,915 14,264 7,608 53,647 135,236 
Special Mention— — — 1,043 125 — — 1,168 
Substandard87 400 — — — 1,735 129 2,351 
Doubtful— — — — — — — — 
Total commercial and industrial23,816 9,755 5,718 21,958 14,389 9,343 53,776 138,755 
Commercial current period gross charge-offs— — — — — 295 — 295 
Construction loans:
Pass41,990 85,712 — 979 8,991 3,362 5,735 146,769 
Special Mention— — — — 5,950 — — 5,950 
Substandard— 4,500 — — 20,494 — — 24,994 
Doubtful— — — — — — — — 
Total construction loans41,990 90,212 — 979 35,435 3,362 5,735 177,713 
Residential mortgage:
Pass138,854 160,333 174,947 410,255 432,804 417,105 5 1,734,303 
Special Mention— — — — — 687 — 687 
Substandard— 299 1,459 773 799 10,271 — 13,601 
Doubtful— — — — — — — — 
Total residential mortgage138,854 160,632 176,406 411,028 433,603 428,063 5 1,748,591 
Residential current period gross charge-offs— — — — — 2 — 2 
Home equity loans:
Pass800 1,690 4,606 1,648 302 7,612 33,553 50,211 
Special Mention— — — — — — 96 96 
Substandard— 96 — 83 — 180 71 430 
Doubtful— — — — — — — — 
Total home equity loans800 1,786 4,606 1,731 302 7,792 33,720 50,737 
Home equity current period gross charge-offs— — — — — 2 — 2 
Other consumer loans:
Pass605 343 189 86 236 976 26 2,461 
Special Mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — 72 72 
Other consumer loans605 343 189 86 236 976 98 2,533 
Other consumer current period gross charge-offs— — — — — 7 — 7 
Total loans$484,997 $370,584 $881,531 $1,565,977 $825,017 $1,593,050 $93,383 $5,814,539 
Total current period gross charge-offs$— $— $— $— $— $1,136 $— $1,136