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SECURITIES (Tables)
 6 Months Ended
Dec. 31, 2021
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 trading and available-for-sale securities at December 31, 2021 and June 30, 2021 were:
December 31, 2021
TradingAvailable-for-sale
(Dollars in thousands)Fair
Value		Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value
Mortgage-backed securities (MBS):
U.S. agencies1
$— $29,376 $214 $(359)$29,231 
Non-agency2
— 56,949 2,152 (349)58,752 
Total mortgage-backed securities— 86,325 2,366 (708)87,983 
Non-MBS:
Municipal1,223 3,467 69 — 3,536 
Asset-backed securities and structured notes— 46,933 1,129 — 48,062 
Total Non-MBS1,223 50,400 1,198 — 51,598 
Total debt securities$1,223 $136,725 $3,564 $(708)$139,581 
June 30, 2021
TradingAvailable-for-sale
(Dollars in thousands)Fair
Value		Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value
Mortgage-backed securities (MBS):
U.S. agencies1
$— $23,639 $420 $(146)$23,913 
Non-agency2
— 65,174 2,862 (421)67,615 
Total mortgage-backed securities— 88,813 3,282 (567)91,528 
Non-MBS:
Municipal1,983 3,466 99 — 3,565 
Asset-backed securities and structured notes— 90,549 1,693 — 92,242 
Total Non-MBS1,983 94,015 1,792 — 95,807 
Total debt securities$1,983 $182,828 $5,074 $(567)$187,335 
1Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac.
2Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or 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:
December 31, 2021
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
MBS:
U.S. agencies$20,136 $(351)$366 $(8)$20,502 $(359)
Non-agency— — 5,353 (349)5,353 (349)
Total MBS20,136 (351)5,719 (357)25,855 (708)
Non-MBS:
U.S. agencies— — — — — — 
Total Non-MBS— — — — — — 
Total debt securities$20,136 $(351)$5,719 $(357)$25,855 $(708)
June 30, 2021
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
MBS:
U.S. agencies$10,001 $(146)$— $— $10,001 $(146)
Non-agency— — 6,018 (421)6,018 (421)
Total MBS10,001 (146)6,018 (421)16,019 (567)
Non-MBS:
Municipal debt— — — — — — 
Asset-backed securities and structured notes— — — — — — 
Total Non-MBS— — — — — — 
Total debt securities$10,001 $(146)$6,018 $(421)$16,019 $(567)
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)December 31,
2021		June 30,
2021
Available-for-sale debt securities—net unrealized gains (losses)$2,856 $4,507 
Available-for-sale debt securities—non-credit related losses(845)(845)
Subtotal2,011 3,662 
Tax benefit (expense)(667)(1,155)
Net unrealized gain (loss) on investment securities in accumulated other comprehensive income (loss)$1,344 $2,507