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SECURITIES (Tables)
 3 Months Ended
Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost, Carrying Amount and Fair Value of Available-for-sale Securities The amortized cost, carrying amount and fair value for the available-for-sale securities at September 30, 2018 and June 30, 2018 were:
 
September 30, 2018
 
Available-for-sale
(Dollars in thousands)
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
Mortgage-backed securities (RMBS):
 
 
 
 
 
 
 
U.S. agencies1
$
10,959

 
$
79

 
$
(353
)
 
$
10,685

Non-agency2
16,603

 
85

 
(1,718
)
 
14,970

Total mortgage-backed securities
27,562

 
164

 
(2,071
)
 
25,655

Non-RMBS:
 
 
 
 
 
 
 
Municipal
13,865

 
1

 
(855
)
 
13,011

Asset-backed securities and structured notes
161,700

 
2,450

 
(89
)
 
164,061

Total Non-RMBS
175,565

 
2,451

 
(944
)
 
177,072

Total debt securities
$
203,127

 
$
2,615

 
$
(3,015
)
 
$
202,727

 
 
 
 
 
 
 
 
 
June 30, 2018
 
Available-for-sale
(Dollars in thousands)
Amortized
Cost
 
Unrealized
Gains
 
Unrealized
Losses
 
Fair
Value
Mortgage-backed securities (RMBS):
 
 
 
 
 
 
 
U.S. agencies1
$
13,102

 
$
152

 
$
(328
)
 
$
12,926

Non-agency2
19,384

 
116

 
(2,057
)
 
17,443

Total mortgage-backed securities
32,486

 
268

 
(2,385
)
 
30,369

Non-RMBS:
 
 
 
 
 
 
 
Municipal
20,953

 
2

 
(743
)
 
20,212

Asset-backed securities and structured notes
127,558

 
2,267

 
(101
)
 
129,724

Total Non-RMBS
148,511

 
2,269

 
(844
)
 
149,936

Total debt securities
$
180,997

 
$
2,537

 
$
(3,229
)
 
$
180,305

1 
U.S. government-backed or government sponsored enterprises including Fannie Mae, Freddie Mac and Ginnie Mae.
2 
Private sponsors of securities collateralized primarily by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by Alt-A or pay-option ARM mortgages.
Schedule of Available-for-sale Securities in Unrealized Loss Position The securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position were as follows:
 
September 30, 2018
 
Available-for-sale securities in loss position for
 
Less Than
12 Months
 
More Than
12 Months
 
Total
(Dollars in thousands)
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
RMBS:
 
 
 
 
 
 
 
 
 
 
 
U.S. agencies
$
2,182

 
$
(5
)
 
$
5,124

 
$
(348
)
 
$
7,306

 
$
(353
)
Non-agency
35

 
(1
)
 
13,595

 
(1,716
)
 
13,630

 
(1,717
)
Total RMBS securities
2,217

 
(6
)
 
18,719

 
(2,064
)
 
20,936

 
(2,070
)
Non-RMBS:
 
 
 
 
 
 
 
 
 
 
 
Municipal debt
1,725

 
(24
)
 
11,230

 
(831
)
 
12,955

 
(855
)
Asset-backed securities and structured notes
8,389

 
(30
)
 
5,255

 
(60
)
 
13,644

 
(90
)
Total Non-RMBS
10,114

 
(54
)
 
16,485

 
(891
)
 
26,599

 
(945
)
Total debt securities
$
12,331

 
$
(60
)
 
$
35,204

 
$
(2,955
)
 
$
47,535

 
$
(3,015
)
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2018
 
Available-for-sale securities in loss position for
 
Less Than
12 Months
 
More Than
12 Months
 
Total
(Dollars in thousands)
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
 
Fair
Value
 
Gross
Unrealized
Losses
RMBS:
 
 
 
 
 
 
 
 
 
 
 
U.S. agencies
$
12

 
$
(1
)
 
$
6,825

 
$
(327
)
 
$
6,837

 
$
(328
)
Non-agency
36

 
(1
)
 
15,867

 
(2,056
)
 
15,903

 
(2,057
)
Total RMBS securities
48

 
(2
)
 
22,692

 
(2,383
)
 
22,740

 
(2,385
)
Non-RMBS:
 
 
 
 
 
 
 
 
 
 
 
Municipal debt
1,740

 
(17
)
 
12,326

 
(726
)
 
14,066

 
(743
)
Asset-backed securities and structured notes
9,489

 
(30
)
 
6,163

 
(71
)
 
15,652

 
(101
)
Total Non-RMBS
11,229

 
(47
)
 
18,489

 
(797
)
 
29,718

 
(844
)
Total debt securities
$
11,277

 
$
(49
)
 
$
41,181

 
$
(3,180
)
 
$
52,458

 
$
(3,229
)
Schedule of Credit Losses Recognized on Available-for-sale Securities The following table summarizes amounts of anticipated credit loss recognized in the income statement through other-than-temporary impairment charges, which reduced non-interest income:
 
For the Three Months Ended
 
September 30,
(Dollars in thousands)
2018
 
2017
Beginning balance
$
—

 
$
(15,528
)
Additions for the amounts related to the credit loss for which an other-than-temporary impairment was not previously recognized
—

 
—

Increases to the amount related to the credit loss for which other-than-temporary impairment was previously recognized
—

 
(149
)
Credit losses realized for securities sold
—

 
—

Ending balance
$
—

 
$
(15,677
)
Schedule of Realized Gains and Losses on Available-for-sale Securities The gross gains and losses realized through earnings upon the sale of available-for-sale securities were as follows:
 
For the Three Months Ended
 
September 30,
(Dollars in thousands)
2018
 
2017
Proceeds
$
1,926

 
$
—

Gross realized gains
—

 
—

Gross realized losses
(133
)
 
—

   Net realized gain (loss) on securities
$
(133
)
 
$
—
Schedule of Unrealized Gain (Loss) on Investments on Available-for-sale Securities The Company had recorded unrealized gains and unrealized losses in accumulated other comprehensive loss as follows:
(Dollars in thousands)
September 30,
2018
 
June 30,
2018
Available-for-sale debt securities—net unrealized gains (losses)
$
(400
)
 
$
(692
)
Available-for-sale debt securities—non-credit related losses
—

 
—

Held-to-maturity debt securities—non-credit related losses
—

 
—

Subtotal
(400
)
 
(692
)
Tax (expense) benefit
(7
)
 
79

Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss)
$
(407
)
 
$
(613
)
Schedule of Contractual Maturities of Available-for-sale Securities The expected maturity distribution of the Company’s mortgage-backed securities and the contractual maturity distribution of the Company’s Non-RMBS securities classified as available-for-sale and held-to-maturity were:

September 30, 2018

Available for sale
(Dollars in thousands)
Amortized
Cost
 
Fair
Value
RMBS—U.S. agencies1:
 
 
 
Due within one year
$
1,253

 
$
1,216

Due one to five years
3,679

 
3,576

Due five to ten years
2,770

 
2,706

Due after ten years
3,257

 
3,187

Total RMBS—U.S. agencies1
10,959

 
10,685

RMBS—Non-agency:
 
 
 
Due within one year
2,603

 
2,388

Due one to five years
7,700

 
6,981

Due five to ten years
4,822

 
4,292

Due after ten years
1,478

 
1,309

Total RMBS—Non-agency
16,603

 
14,970

Non-RMBS:
 
 
 
Due within one year
67,214

 
68,093

Due one to five years
95,513

 
96,992

Due five to ten years
8,312

 
7,798

Due after ten years
4,526

 
4,189

Total Non-RMBS
175,565

 
177,072

Total
$
203,127

 
$
202,727


1 Residential mortgage-backed security (RMBS) distributions include impact of expected prepayments and other timing factors.