Fair Value of Financial Instruments (Tables)
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12 Months Ended |
Jun. 30, 2026 |
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| Fair Value of Financial Instruments |
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| Schedule of aggregate fair value and aggregate unpaid principal balance of loans held for sale |
| | | | | | | | | | | | | | | | | | | | | | | | | | Net | | | | | Unpaid Principal | | Unrealized | (In Thousands) | | Fair Value | | or Book Value | | (Loss) Gain | As of June 30, 2026: | | | | | | | | | | Loans held for investment, at fair value | | $ | 978 | | $ | 1,115 | | $ | (137) | Other equity investments, at fair value | | $ | 1,041 | | $ | 881 | | $ | 160 | | | | | | | | | | | As of June 30, 2025: | | | | | | | | | | Loans held for investment, at fair value | | $ | 1,018 | | $ | 1,158 | | $ | (140) | Other equity investments, at fair value | | $ | 730 | | $ | 570 | | $ | 160 |
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| Schedule of fair value, assets and liabilities measured on recurring basis |
| | | | | | | | | | | | | | | Fair Value Measurement at June 30, 2026 Using: | (In Thousands) | | Level 1 | | Level 2 | | Level 3 | | Total | Assets: | | | | | | | | | | | | | Investment securities - available for sale: | | | | | | | | | | | | | U.S. government agency MBS | | $ | — | | $ | 859 | | $ | — | | $ | 859 | U.S. government sponsored enterprise MBS | | | — | | | 350 | | | — | | | 350 | Private issue CMO | | | — | | | 63 | | | — | | | 63 | Investment securities - available for sale | | | — | | | 1,272 | | | — | | | 1,272 | | | | | | | | | | | | | | Loans held for investment, at fair value | | | — | | | — | | | 978 | | | 978 | Other equity investments, at fair value | | | — | | | 1,041 | | | — | | | 1,041 | Interest-only strips | | | — | | | — | | | 5 | | | 5 | Total assets | | $ | — | | $ | 2,313 | | $ | 983 | | $ | 3,296 | | | | | | | | | | | | | | Liabilities: | | $ | — | | $ | — | | $ | — | | $ | — | Total liabilities | | $ | — | | $ | — | | $ | — | | $ | — |
| | | | | | | | | | | | | | | Fair Value Measurement at June 30, 2025 Using: | (In Thousands) | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | Assets: | | | | | | | | | | | | | Investment securities - available for sale: | | | | | | | | | | | | | U.S. government agency MBS | | $ | — | | $ | 1,082 | | $ | — | | $ | 1,082 | U.S. government sponsored enterprise MBS | | | — | | | 446 | | | — | | | 446 | Private issue CMO | | | — | | | — | | | 79 | | | 79 | Investment securities - available for sale | | | — | | | 1,528 | | | 79 | | | 1,607 | | | | | | | | | | | | | | Loans held for investment, at fair value | | | — | | | — | | | 1,018 | | | 1,018 | Other equity investments, at fair value | | | — | | | 730 | | | — | | | 730 | Interest-only strips | | | — | | | — | | | 6 | | | 6 | Total assets | | $ | — | | $ | 2,258 | | $ | 1,103 | | $ | 3,361 | | | | | | | | | | | | | | Liabilities: | | $ | — | | $ | — | | $ | — | | $ | — | Total liabilities | | $ | — | | $ | — | | $ | — | | $ | — |
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| Schedule for reconciliation of recurring fair value measurements using level 3 inputs |
The following tables provide a reconciliation of the beginning and ending balances during the periods shown of recurring fair value measurements recognized in the Consolidated Statements of Financial Condition using Level 3 inputs: | | | | | | | | | | | | | | | Fair Value Measurement | | | Using Significant Other Unobservable Inputs | | | (Level 3) | | | Private | | Loans Held For | | Interest- | | | | | Issue | | Investment, at | | Only | | | (In Thousands) | | CMO | | fair value(1) | | Strips | | Total | Beginning balance at June 30, 2025 | | $ | 79 | | $ | 1,018 | | $ | 6 | | $ | 1,103 | Total gains or losses (realized/unrealized): | | | | | | | | | | | | | Included in earnings | | | — | | | 3 | | | — | | | 3 | Included in other comprehensive income (loss) | | | — | | | — | | | (1) | | | (1) | Purchases | | | — | | | — | | | — | | | — | Issuances | | | — | | | — | | | — | | | — | Settlements | | | (16) | | | (43) | | | — | | | (59) | Transfers in and/or out of Level 3 | | | (63) | | | — | | | — | | | (63) | Ending balance at June 30, 2026 | | $ | — | | $ | 978 | | $ | 5 | | $ | 983 |
| (1) | The valuation of loans held for investment at fair value includes management’s estimate of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for interest rate characteristics. |
| | | | | | | | | | | | | | | Fair Value Measurement | | | Using Significant Other Unobservable Inputs | | | (Level 3) | | | Private | | Loans Held For | | Interest- | | | | | Issue | | Investment, at | | Only | | | (In Thousands) | | CMO | | fair value(1) | | Strips | | Total | Beginning balance at June 30, 2024 | | $ | 88 | | $ | 1,047 | | $ | 8 | | $ | 1,143 | Total gains or losses (realized/ unrealized): | | | | | | | | | | | | | Included in earnings | | | — | | | 13 | | | — | | | 13 | Included in other comprehensive income (loss) | | | 3 | | | — | | | (2) | | | 1 | Purchases | | | — | | | — | | | — | | | — | Issuances | | | — | | | — | | | — | | | — | Settlements | | | (12) | | | (42) | | | — | | | (54) | Transfers in and/or out of Level 3 | | | — | | | — | | | — | | | — | Ending balance at June 30, 2025 | | $ | 79 | | $ | 1,018 | | $ | 6 | | $ | 1,103 |
| (1) | The valuation of loans held for investment at fair value includes management’s estimate of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for interest rate characteristics. |
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| Schedule of fair value assets measured on nonrecurring basis |
The following fair value hierarchy table presents information about the Corporation’s assets measured at fair value at the dates indicated on a nonrecurring basis: | | | | | | | | | | | | | | | Fair Value Measurement at June 30, 2026 Using: | (In Thousands) | | Level 1 | | Level 2 | | Level 3 | | Total | Mortgage servicing assets | | $ | — | | $ | — | | $ | 115 | | $ | 115 | Total | | $ | — | | $ | — | | $ | 115 | | $ | 115 |
| | | | | | | | | | | | | | | Fair Value Measurement at June 30, 2025 Using: | (In Thousands) | | Level 1 | | Level 2 | | Level 3 | | Total | Mortgage servicing assets | | | — | | | — | | | 88 | | | 88 | Total | | $ | — | | $ | — | | $ | 88 | | $ | 88 |
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| Schedule of additional information about valuation techniques and inputs used for assets and liabilities |
The following table presents additional information about valuation techniques and inputs used for assets and liabilities, including derivative financial instruments, which are measured at fair value and categorized within Level 3 as of June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | Impact to | | | Fair Value | | | | | | | | Valuation | | | As of | | | | | | | | from an | | | June 30, | | Valuation | | | | Range(1) | | Increase in | (Dollars In Thousands) | | 2026 | | Techniques | | Unobservable Inputs | | (Weighted Average) | | Inputs(2) | Assets: | | | | | | | | | | | | Loans held for investment, at fair value | | $ | 978 | | Relative value analysis | | Broker quotes | | 87.8% - 89.3% (88.7%) of par | | Increase | | | | | | | | Credit risk factor | | 0.9% - 1.1% (1.0%) | | Decrease | | | | | | | | | | | | | MSAs | | $ | 115 | | Discounted cash flow | | Prepayment rate (CPR) | | 5.9% - 60.0% (10.5%) | | Decrease | | | | | | | | Discount rate | | 9.0% - 10.5% (9.0%) | | Decrease | | | | | | | | | | | | | Interest-only strips | | $ | 5 | | Discounted cash flow | | Prepayment rate (CPR) | | 8.5% - 18.5% (14.5%) | | Decrease | | | | | | | | Discount rate | | 9.0% | | Decrease | | | | | | | | | | | | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | None | | | | | | | | | | | |
| (1) | The range is based on the historical estimated fair values and management estimates. |
| (2) | Unless otherwise noted, this column represents the directional change in the fair value of the Level 3 asset instruments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant changes in these inputs in isolation could result in significantly higher or lower fair value measurements. |
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| Schedule of carrying amount and fair value of financial instruments |
The carrying amount and fair value of the Corporation’s other financial instruments as of June 30, 2026 and 2025 were as follows: | | | | | | | | | | | | | | | | | | June 30, 2026 | | | Carrying | | Fair | | | | | | | | | | (In Thousands) | | Amount | | Value | | Level 1 | | Level 2 | | Level 3 | Financial assets: | | | | | | | | | | | | | | | | Loans held for investment, not recorded at fair value | | $ | 1,031,704 | | $ | 992,265 | | $ | — | | $ | — | | $ | 992,265 | Investment securities - held to maturity | | $ | 89,251 | | $ | 81,010 | | $ | — | | $ | 81,010 | | $ | — | FHLB – San Francisco stock | | $ | 9,568 | | $ | 9,568 | | $ | — | | $ | 9,568 | | $ | — | | | | | | | | | | | | | | | | | Financial liabilities: | | | | | | | | | | | | | | | | Deposits | | $ | 910,383 | | $ | 910,064 | | $ | — | | $ | 910,064 | | $ | — | Borrowings | | $ | 157,046 | | $ | 156,870 | | $ | — | | $ | 156,870 | | $ | — |
| | | | | | | | | | | | | | | | | | June 30, 2025 | | | Carrying | | Fair | | | | | | | | | | (In Thousands) | | Amount | | Value | | Level 1 | | Level 2 | | Level 3 | Financial assets: | | | | | | | | | | | | | | | | Loans held for investment, not recorded at fair value | | $ | 1,044,727 | | $ | 996,332 | | $ | — | | $ | — | | $ | 996,332 | Investment securities - held to maturity | | $ | 109,399 | | $ | 99,126 | | $ | — | | $ | 99,126 | | $ | — | FHLB – San Francisco stock | | $ | 9,568 | | $ | 9,568 | | $ | — | | $ | 9,568 | | $ | — | | | | | | | | | | | | | | | | | Financial liabilities: | | | | | | | | | | | | | | | | Deposits | | $ | 888,772 | | $ | 889,115 | | $ | — | | $ | 889,115 | | $ | — | Borrowings | | $ | 213,073 | | $ | 213,505 | | $ | — | | $ | 213,505 | | $ | — |
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