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FAIR VALUE (Tables)
 12 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
The following table sets forth the Company’s financial assets and liabilities measured at fair value on a recurring basis. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:
 June 30, 2023
(Dollars in thousands)Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
ASSETS:
Securities—Trading: Municipal$758 $— $758 
Securities—Available-for-Sale:
Agency MBS1
$23,947 $— $23,947 
Non-Agency MBS2
— 205,005 205,005 
Municipal3,398 — 3,398 
Asset-backed securities and structured notes— — — 
Total—Securities—Available-for-Sale$27,345 $205,005 $232,350 
Loans held for sale$23,203 $— $23,203 
Mortgage servicing rights$— $25,443 $25,443 
Other assets—Derivative instruments$919 $— $919 
LIABILITIES:
Accrued expense and other liabilities—Derivative instruments$691 $— $691 
  June 30, 2022
(Dollars in thousands)Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
ASSETS:
Securities—Trading: Municipal$1,758 $— $1,758 
Securities—Available-for-Sale:
Agency MBS1
$25,325 $— $25,325 
Non-Agency MBS2
— 186,814 186,814 
Municipal3,248 — 3,248 
Asset-backed securities and structured notes47,131 — 47,131 
Total—Securities—Available-for-Sale$75,704 $186,814 $262,518 
Loans held for sale$4,973 $— $4,973 
Mortgage servicing rights$— $25,213 $25,213 
Other assets—Derivative Instruments$— $464 $464 
LIABILITIES:
Accrued expense and other liabilities—Derivative instruments$— $— $— 
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 Additional Information About Assets Measured at Fair Value on a Recurring Basis and for which the Company has Utilized Level 3 Inputs to Determine Fair Value
The following tables present additional information about assets measured at fair value on a recurring basis and for which the Company has utilized Level 3 inputs to determine fair value:
 Year Ended June 30, 2023
(Dollars in thousands)Securities-
Available-for-
Sale: Non-
Agency MBS
Mortgage Servicing Rights1
Derivative Instruments, netTotal
Assets:
Opening Balance$186,814 $25,213 $464 $212,491 
Transfers into Level 3— — — — 
Transfers out of Level 3— — (464)(464)
Total gains or losses for the period:
Included in earnings—Mortgage banking income— (634)— (634)
Included in other comprehensive income(4,464)— — (4,464)
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions30,000 864 — 30,864 
Settlements(7,345)— — (7,345)
Closing balance$205,005 $25,443 $— $230,448 
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period$— $(634)$— $(634)
1 Earnings from mortgage servicing rights were attributable to: Time and payoffs, representing a decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $0.9 million, and an increase in MSR value resulting from market-driven changes in interest rates of $0.3 million. Additions to mortgage servicing rights were retained upon sale of loans held for sale.
 Year Ended June 30, 2022
(Dollars in thousands)Securities-
Available-for-
Sale: Non-
Agency MBS
Mortgage Servicing Rights1
Derivative Instruments, netTotal
Assets:
Opening Balance$67,615 $17,911 $2,205 $87,731 
Transfers into Level 3— — — — 
Transfers out of Level 3— — — — 
Total gains or losses for the period:
Included in earnings—Mortgage banking income— 2,278 (1,741)537 
Included in other comprehensive income(3,244)— — (3,244)
Purchases, retentions, issues, sales and settlements:
Purchases/Retentions131,446 5,024 — 136,470 
Settlements(9,003)— — (9,003)
Closing balance$186,814 $25,213 $464 $212,491 
Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period$— $2,278 $(1,741)$537 
1 Earnings from mortgage servicing rights were attributable to: Time and payoffs, representing a decrease in MSR value due to passage of time, including the impact from both regularly scheduled loan principal payments and loans that were paid down or paid off during the period of $4.1 million, and an increase in MSR value resulting from market-driven changes in interest rates of $6.4 million. Additions to mortgage servicing rights were retained upon sale of loans held for sale.
Schedule of Quantitative Information About Level 3 Fair Value Measurements
The table below summarizes the quantitative information about Level 3 fair value measurements as of the dates indicated:
June 30, 2023
(Dollars in thousands)Fair ValueValuation TechniqueUnobservable InputsRange and Weighted Average
Securities – Non-agency MBS$205,005 Discounted Cash FlowProjected Constant Prepayment Rate,
Projected Constant Default Rate,
Projected Loss Severity,
Discount Rate over LIBOR
0.0 to 59.7% (32.0%)
0.0 to 7.5% (2.4%)
0.0 to 68.7% (28.5%)
2.6 to 7.5% (2.7%)
Mortgage Servicing Rights$25,443 Discounted Cash FlowProjected Constant Prepayment Rate,
Life (in years),
Discount Rate
6.1 to 40.1% (12.6%)
1.8 to 10.9 (7.7)
9.5 to 11.5% (9.6%)


June 30, 2022
(Dollars in thousands)Fair ValueValuation TechniqueUnobservable InputsRange and Weighted Average
Securities – Non-agency MBS$186,814 Discounted Cash FlowProjected Constant Prepayment Rate,
Projected Constant Default Rate,
Projected Loss Severity,
Discount Rate over LIBOR
0.0 to 30.0% (21.4%)
0.0 to 7.9% (2.2%)
0.0 to 68.4% (26.7%)
2.7 to 9.3% (2.8%)
Mortgage Servicing Rights$25,213 Discounted Cash FlowProjected Constant Prepayment Rate,
Life (in years),
Discount Rate
7.9 to 56.3% (11.0%)
1.2 to 9.9 (8.4)
9.5 to 11.5% (9.5%)
Derivative Instruments$464 Sales Comparison ApproachProjected Sales Profit of Underlying Loans
(3.1) to 0.8% (-1.2%)
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at the periods indicated:
June 30, 2023
(Dollars in thousands)Fair ValueValuation TechniqueUnobservable Input
Range (Weighted Average)1
Other real estate owned and foreclosed assets:
Single family real estate$5,574 Sales comparison approachAdjustment for differences between the comparable sales
62.1 to 93.6% (62.1%)
Multifamily real estate$1,392 Sales comparison approach and income approachAdjustment for differences between the comparable sales and adjustments for differences in net operating income expectations, capitalization rate
49.8 to 54.5% (49.8%)
Autos$1,133 Sales comparison approachAdjustment for differences between the comparable sales
-5.5 to 9.8% (0.5%)
June 30, 2022
(Dollars in thousands)Fair ValueValuation TechniqueUnobservable Input
Range (Weighted Average)1
Other real estate owned and foreclosed assets:
Autos$798 Sales comparison approachAdjustment for differences between the comparable sales
-17.2 to 4.6% (-7.5%)
1 For other real estate owned and foreclosed assets, the ranges shown may vary positively or negatively based on the comparable sales reported in the current appraisal. In certain instances, the range can be significant due to small sample sizes and in some cases the property being valued having limited comparable sales with similar characteristics at the time the current appraisal is conducted.
Schedule of Fair Value Assets Measured for Impairment on Nonrecurring Basis
The table below summarizes the fair value of assets measured for impairment on a non-recurring basis:
 June 30, 2023
(Dollars in thousands)Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable Inputs
(Level 3)		Balance
Other real estate owned and foreclosed assets:
Single family real estate$— $— $5,574 $5,574 
Multifamily real estate— — 1,392 1,392 
Autos— — 1,133 1,133 
Total$— $— $8,099 $8,099 
 June 30, 2022
(Dollars in thousands)Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable Inputs
(Level 3)		Balance
Other real estate owned and foreclosed assets:
Autos$— $— $798 $798 
Total$— $— $798 $798 
Schedule of Aggregate Fair Value, Contractual Balance, and Unrealized Gain of Loans Held For Sale The aggregate fair value, contractual balance (including accrued interest), and unrealized gain for loans held for sale was as follows:
At June 30,
(Dollars in thousands)202320222021
Aggregate fair value$23,203 $4,973 $29,768 
Contractual balance22,844 4,881 28,940 
Unrealized gain $359 $92 $828 
The total interest income and amount of gains and losses from changes in fair value included in earnings for the period indicated below for loans held for sale were:
At June 30,
(Dollars in thousands)202320222021
Interest income$415 $739 $1,411 
Change in fair value57 (2,474)(6,680)
Total$472 $(1,735)$(5,269)
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments at Year-end
The carrying amount and estimated fair values of financial instruments at year-end were as follows:
June 30, 2023
(Dollars in thousands)Carrying
Amount		Level 1Level 2Level 3Total Fair Value
Financial assets:
Cash and cash equivalents$2,382,086 $2,382,086 $— $— $2,382,086 
Securities— trading758 — 758 — 758 
Securities—available-for-sale232,350 — 27,345 205,005 232,350 
Stock of regulatory agencies21,510 — 21,510 — 21,510 
Loans held for sale, at fair value23,203 — 23,203 — 23,203 
Loans held for sale, at lower of cost or fair value776 — — 780 780 
Loans held for investment—net16,456,728 — — 16,417,183 16,417,183 
Securities borrowed134,339 — — 143,461 143,461 
Customer, broker-dealer and clearing receivables374,074 — — 386,082 386,082 
Mortgage servicing rights25,443 — — 25,443 25,443 
Other assets - derivative instruments919 — 919 — 919 
Financial liabilities:
Total deposits17,123,108 — 17,064,084 — 17,064,084 
Advances from the Federal Home Loan Bank90,000 — 83,192 — 83,192 
Borrowings, subordinated notes and debentures361,779 — 327,564 — 327,564 
Securities loaned159,832 — — 159,416 159,416 
Customer, broker-dealer and clearing payables445,477 — — 445,447 445,447 
Accrued expense and other liabilities - derivative instruments691 — 691 — 691 
June 30, 2022
(Dollars in thousands)Carrying
Amount		Level 1Level 2Level 3Total Fair Value
Financial assets:
Cash and cash equivalents$1,574,699 $1,574,699 $— $— $1,574,699 
Securities—trading1,758 — 1,758 — 1,758 
Securities—available-for-sale262,518 — 75,704 186,814 262,518 
Stock of regulatory agencies1
20,368 — 20,368 — 20,368 
Loans held for sale, at fair value4,973 — 4,973 — 4,973 
Loans held for sale, at lower of cost or fair value10,938 — — 10,985 10,985 
Loans and leases held for investment—net
14,091,061 — — 14,015,157 14,015,157 
Securities borrowed338,980 — — 329,963 329,963 
Customer, broker-dealer and clearing receivables417,417 — — 414,383 414,383 
Mortgage servicing rights25,213 — — 25,213 25,213 
Other assets - derivative instruments464 — — 464 464 
Financial liabilities:
Total deposits13,946,422 — 12,812,512 — 12,812,512 
Advances from the Federal Home Loan Bank117,500 — 117,500 — 117,500 
Borrowings, subordinated notes and debentures445,244 — 416,947 — 416,947 
Securities loaned474,400 — — 473,831 473,831 
Customer, broker-dealer and clearing payables511,654 — — 471,859 471,859 
1The prior period has been revised to conform to the current period presentation.