v3.26.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
Those assets measured at fair value on a recurring basis are summarized below:
June 30, 2026
Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
(In Thousands)
Assets:
Debt securities available for sale:
Obligations of state and political subdivisions$— $— $— $— 
Asset-backed securities— 38,062 — 38,062 
Collateralized loan obligations— 233,659 — 233,659 
Corporate bonds— 152,169 — 152,169 
Total debt securities— 423,890 — 423,890 
Mortgage-backed securities available for sale:
Collateralized mortgage obligations— 24,121 — 24,121 
Residential pass-through securities— 388,103 — 388,103 
Commercial pass-through securities— 128,255 — 128,255 
Total mortgage-backed securities— 540,479 — 540,479 
Total securities available for sale$— $964,369 $— $964,369 
Interest rate contracts$— $12,678 $— $12,678 
Total assets$— $977,047 $— $977,047 
Liabilities:
Interest rate contracts$— $— $— $— 
Total liabilities$— $— $— $— 
June 30, 2025
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
(In Thousands)
Assets:
Debt securities available for sale:
Obligations of state and political subdivisions$— $— $— $— 
Asset-backed securities— 59,498 — 59,498 
Collateralized loan obligations— 323,245 — 323,245 
Corporate bonds— 140,117 — 140,117 
Total debt securities— 522,860 — 522,860 
Mortgage-backed securities available for sale:
Collateralized mortgage obligations— — — — 
Residential pass-through securities— 357,319 — 357,319 
Commercial pass-through securities— 132,790 — 132,790 
Total mortgage-backed securities— 490,109 — 490,109 
Total securities available for sale$— $1,012,969 $— $1,012,969 
Interest rate contracts$— $16,745 $— $16,745 
Total assets$— $1,029,714 $— $1,029,714 
Liabilities:
Interest rate contracts$— $5,149 $— $5,149 
Total liabilities$— $5,149 $— $5,149 
Schedule of Assets and Liabilities Measured at Fair Value on a Non-recurring Basis
Those assets measured at fair value on a non-recurring basis are summarized below:
June 30, 2026
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
(In Thousands)
Collateral dependent loans:
Multi-family mortgage$— $— $17,386 $17,386 
Total$— $— $17,386 $17,386 
Other real estate owned, net:
Nonresidential$— $— $5,519 $5,519 
Total$— $— $5,519 $5,519 
June 30, 2025
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
(In Thousands)
Collateral dependent loans:
Multi-family mortgage$— $— $16,385 $16,385 
Nonresidential mortgage— — 4,697 4,697 
Total$— $— $21,082 $21,082 
Schedule of Quantitative Information about Level 3 Fair Value Measurements
The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis and for which the Company has utilized adjusted Level 3 inputs to determine fair value:
June 30, 2026
Fair
Value
Valuation
Techniques
Unobservable
Input
RangeWeighted
Average
(Dollars in Thousands)
Collateral dependent loans:
Multi-family mortgage$17,386 Market valuation of underlying collateral
(1)
Adjustments to reflect current conditions/selling costs
(2)
6.00% - 21.00%
13.54 %
Total$17,386 
Other real estate owned, net:
Nonresidential$5,519 Market valuation of underlying collateral
(3)
Adjustments to reflect current conditions/selling costs
(2)
4.00%4.00 %
Total$5,519 
June 30, 2025
Fair
Value
Valuation
Techniques
Unobservable
Input
RangeWeighted
Average
(Dollars in Thousands)
Collateral dependent loans:
Multi-family mortgage$16,385 Market valuation of underlying collateral
(1)
Adjustments to reflect current conditions/selling costs
(2)
6.00% - 24.00%
15.08 %
Nonresidential mortgage4,697 Market valuation of underlying collateral
(1)
Adjustments to reflect current conditions/selling costs
(2)
9.44%
9.44 %
Total$21,082 
________________________________________
(1)    The fair value basis of collateral dependent loans is generally determined based on an independent appraisal of the fair value of a loan’s underlying collateral.
(2)    The fair value basis of collateral dependent loans and other real estate owned is adjusted to reflect management estimates of selling costs including, but not limited to, real estate brokerage commissions and title transfer fees.
(3)    The fair value basis of other real estate owned is generally determined based upon the lower of an independent appraisal of the property’s fair value or the applicable listing price or contracted sales price.
Schedule of Carrying Amounts and Fair Values of Financial Instruments
The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of June 30, 2026 and 2025:
June 30, 2026
Carrying
Amount
Fair
Value
Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(In Thousands)
Financial assets:
Cash and cash equivalents$114,823 $114,823 $114,823 $— $— 
Investment securities available for sale964,369 964,369 — 964,369 — 
Investment securities held to maturity106,814 95,005 — 95,005 — 
Loans held-for-sale6,022 6,082 — 6,082 — 
Net loans receivable5,829,829 5,520,603 — — 5,520,603 
FHLB Stock59,726 — — — — 
Interest receivable27,875 27,875 24 5,815 22,036 
Interest rate contracts12,678 12,678 — 12,678 — 
Financial liabilities:
Deposits other than certificates of deposits$3,768,949 $3,768,949 $3,768,949 $— $— 
Certificates of deposits1,940,676 1,934,550 — — 1,934,550 
Borrowings1,150,000 1,149,254 — — 1,149,254 
Interest payable on deposits3,459 3,459 654 — 2,805 
Interest payable on borrowings4,146 4,146 — — 4,146 
June 30, 2025
Carrying
Amount
Fair
Value
Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(In Thousands)
Financial assets:
Cash and cash equivalents$167,269 $167,269 $167,269 $— $— 
Investment securities available for sale1,012,969 1,012,969 — 1,012,969 — 
Investment securities held to maturity120,217 106,712 — 106,712 — 
Loans held-for-sale5,931 6,069 — 6,069 — 
Net loans receivable5,766,746 5,309,760 — — 5,309,760 
FHLB Stock64,261 — — — — 
Interest receivable28,098 28,098 40 6,930 21,128 
Interest rate contracts16,745 16,745 — 16,745 — 
Financial liabilities:
Deposits other than certificates of deposits$3,698,643 $3,698,643 $3,698,643 $— $— 
Certificates of deposits1,976,574 1,970,863 — — 1,970,863 
Borrowings1,256,491 1,257,269 — — 1,257,269 
Interest payable on deposits5,259 5,259 1,710 — 3,549 
Interest payable on borrowings3,455 3,455 — — 3,455 
Interest rate contracts5,149 5,149 — 5,149 —