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LOANS & ALLOWANCE FOR CREDIT LOSSES (Tables)
 3 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Schedule of Composition of the Loan Portfolio
The following table(s) sets forth the composition of the loan portfolio as of the dates indicated:
(Dollars in thousands)September 30, 2020June 30, 2020
Single Family - Mortgage & Warehouse$4,935,351 $4,722,304 
Multifamily and Commercial Mortgage2,299,332 2,263,054 
Commercial Real Estate2,443,646 2,297,920 
Commercial & Industrial - Non-RE866,508 885,320 
Auto & Consumer330,093 341,365 
Other180,248 193,479 
Total gross loans and leases11,055,178 10,703,442 
Allowance for credit losses - loans(132,915)(75,807)
Unaccreted premiums (discounts) and loan and lease fees3,187 3,714 
Total net loans and leases$10,925,450 $10,631,349 
Schedule of Allowance for Credit Losses on Financing Receivables
The following tables summarize activity in the allowance for credit losses - loans by portfolio classes for the periods indicated.
For the Three Months Ended September 30, 2020
(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerOtherTotal
Balance at July 1, 2020$25,901 $4,718 $21,052 $9,954 $9,461 $4,721 $75,807 
Effect of Adoption of ASC 326
6,318 7,408 25,893 7,042 610 29 47,300 
Provision for credit losses - loans(2,439)293 2,253 6,512 (1,087)6,268 11,800 
Charge-offs(1,489)— — (213)(736)— (2,438)
Recoveries16 — — — 430 — 446 
Balance at September 30, 2020$28,307 $12,419 $49,198 $23,295 $8,678 $11,018 $132,915 
For the Three Months Ended September 30, 2019
(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerOtherTotal
Balance at July 1, 2019$22,290 $3,807 $14,632 $9,544 $6,339 $473 $57,085 
Provision for credit losses - loans(680)198 (2,170)4,858 1,181 (687)2,700 
Charge-offs(6)— — — (1,021)(50)(1,077)
Recoveries108 — — — 86 325 519 
Balance at September 30, 2019$21,712 $4,005 $12,462 $14,402 $6,585 $61 $59,227 
The following tables present a summary of the activity in the allowance for credit losses for the periods indicated:
Three Months Ended September 30, 2020
(Dollars in thousands)Allowance for Credit Losses - LoansUnfunded Loan Commitment LiabilitiesTotal Allowance for Credit Losses
Balance at July 1, 2020$75,807 $323 $76,130 
Effect of Adoption of ASC 326
47,300 5,700 53,000 
Provision for Credit Losses11,800 700 12,500 
Charge-offs(2,438)— (2,438)
Recoveries446 — 446 
Balance at September 30, 2020$132,915 $6,723 $139,638 

Three Months Ended September 30, 2019
(Dollars in thousands)Allowance for Credit Losses - LoansUnfunded Loan Commitment LiabilitiesTotal Allowance for Credit Losses
Balance at July 1, 2019$57,085 $227 $57,312 
Provision for Credit Losses2,700 — 2,700 
Charge-offs(1,077)— (1,077)
Recoveries519 — 519 
Balance at September 30, 2019$59,227 $227 $59,454 
Schedule of Nonaccrual Loans Nonaccrual loans consisted of the following as of the dates indicated:
As of September 30, 2020
(Dollars in thousands)With AllowanceWith No AllowanceTotal
Single Family - Mortgage & Warehouse$76,032 $56,894 $132,926 
Multifamily and Commercial Mortgage31,001 1,847 32,848 
Commercial Real Estate— — — 
Commercial & Industrial - Non-RE5,580 — 5,580 
Auto & Consumer623 131 754 
Other— — — 
     Total nonaccrual loans$113,236 $58,872 $172,108 
Nonaccrual loans to total loans1.56 %
Schedule of Outstanding Principal Balance on Loans Performing and Nonaccrual
The following tables present the outstanding unpaid balance of loans that are performing and nonaccrual by portfolio class:
September 30, 2020
(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerOtherTotal
Performing$4,802,425 $2,266,484 $2,443,646 $860,928 $329,339 $180,248 $10,883,070 
Nonaccrual132,926 32,848 — 5,580 754 — 172,108 
          Total$4,935,351 $2,299,332 $2,443,646 $866,508 $330,093 $180,248 $11,055,178 
June 30, 2020
(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerOtherTotal
Performing$4,638,274 $2,259,629 $2,297,920 $885,107 $341,092 $193,479 $10,615,501 
Nonaccrual84,030 3,425 — 213 273 — 87,941 
          Total$4,722,304 $2,263,054 $2,297,920 $885,320 $341,365 $193,479 $10,703,442 
Schedule of Composition of Loan and Lease Portfolio by Credit Quality Indicators
The amortized cost basis by year of origination and credit quality indicator of the Company’s loan and leases as of September 30, 2020 was as follows:
Loans Held for Investment Origination YearRevolving Loans Revolving Loans Converted to Term LoansTotal
(Dollars in thousands)20212020201920182017Prior
Single Family-Mortgage & Warehouse
Pass311,097 1,059,487 735,757 625,305 489,394 772,076 701,462 — 4,694,578 
Special Mention— 11,265 9,003 26,881 15,565 9,742 21,987 — 94,443 
Substandard— 3,370 28,447 22,999 19,588 71,926 — — 146,330 
Doubtful— — — — — — — — — 
Total311,097 1,074,122 773,207 675,185 524,547 853,744 723,449 — 4,935,351 
Multifamily and Commercial Mortgage
Pass111,808 626,529 514,610 361,029 226,120 402,248 — — 2,242,344 
Special Mention— 10,723 3,137 1,502 3,527 634 — — 19,523 
Substandard— 24,500 1,088 8,511 1,493 1,873 — — 37,465 
Doubtful— — — — — — — — — 
Total111,808 661,752 518,835 371,042 231,140 404,755 — — 2,299,332 
Commercial Real Estate
Pass220,174 1,062,300 532,758 146,999 45,701 79,675 140,596 — 2,228,203 
Special Mention— — 47,373 14,080 11,221 — 4,230 — 76,904 
Substandard— 43,775 54,643 40,121 — — — — 138,539 
Doubtful— — — — — — — — — 
Total220,174 1,106,075 634,774 201,200 56,922 79,675 144,826 — 2,443,646 
Commercial & Industrial - Non-RE
Pass8,129 95,571 20,509 35,694 17,741 5,780 528,162 127,946 839,532 
Special Mention— 13,522 315 2,940 175 — — — 16,952 
Substandard— 926 7,166 1,551 381 — — — 10,024 
Doubtful— — — — — — — — — 
Total8,129 110,019 27,990 40,185 18,297 5,780 528,162 127,946 866,508 
Auto & Consumer
Pass23,410 112,951 102,304 49,748 27,359 12,837 — — 328,609 
Special Mention— 63 62 38 — 3 — — 166 
Substandard— 361 593 270 75 19 — — 1,318 
Doubtful— — — — — — — — — 
Total23,410 113,375 102,959 50,056 27,434 12,859 — — 330,093 
Other
Pass— 165,189 — 1,940 959 1,573 — — 169,661 
Special Mention— — — — — — — — — 
Substandard— 10,587 — — — — — — 10,587 
Doubtful— — — — — — — — — 
Total— 175,776 — 1,940 959 1,573 — — 180,248 
Total
Pass674,618 3,122,027 1,905,938 1,220,715 807,274 1,274,189 1,370,220 127,946 10,502,927 
Special Mention— 35,573 59,890 45,441 30,488 10,379 26,217 — 207,988 
Substandard— 83,519 91,937 73,452 21,537 73,818 — — 344,263 
Doubtful— — — — — — — — — 
Total674,618 3,241,119 2,057,765 1,339,608 859,299 1,358,386 1,396,437 127,946 11,055,178 
As a % of total gross loans and leases6.10 %29.32 %18.61 %12.12 %7.77 %12.29 %12.63 %1.16 %100.0 %
Schedule of Past Due Loan and Leases
The following tables provide the outstanding unpaid balance of loans and leases that are past due 30 days or more by portfolio class as of the dates indicated:
September 30, 2020
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due90+ Days Past DueTotal
Single Family-Mortgage & Warehouse$32,615 $22,618 $111,528 $166,761 
Multifamily and Commercial Mortgage4,394 1,009 24,500 29,903 
Commercial Real Estate— — — — 
Commercial & Industrial - Non-RE— — — — 
Auto & Consumer1,236 195 563 1,994 
Other— — — — 
Total$38,245 $23,822 $136,591 $198,658 
As a % of total gross loans and leases0.35 %0.22 %1.24 %1.80 %

June 30, 2020
(Dollars in thousands)30-59 Days Past Due60-89 Days Past Due90+ Days Past DueTotal
Single Family-Mortgage & Warehouse$17,931 $23,115 $66,813 $107,859 
Multifamily and Commercial Mortgage7,744 5,287 — 13,031 
Commercial Real Estate— — — — 
Commercial & Industrial - Non-RE— — — — 
Auto & Consumer973 166 326 1,465 
Other— — — — 
Total$26,648 $28,568 $67,139 $122,355 
As a % of total gross loans and leases0.25 %0.27 %0.63 %1.13 %