Loans and Allowance for Credit Losses on Loans (Tables)
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12 Months Ended |
Jun. 30, 2022 |
Receivables [Abstract] |
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Schedule of Accounts, Notes, Loans and Financing Receivable |
Loans held for sale as of the dates indicated consist of the following: | | | | | | | | | | | | | June 30, | | 2022 | | 2021 | One-to-four family | $ | 4,176 | | | $ | 31,873 | | SBA | 14,774 | | | 4,160 | | HELOCs | 60,357 | | | 57,506 | | Total | $ | 79,307 | | | $ | 93,539 | |
Loans consist of the following at the dates indicated: | | | | | | | | | | | | | | | June 30, | | | | 2022 | | 2021 | | | Commercial real estate loans | | | | | | Construction and land development | $ | 291,202 | | | $ | 179,427 | | | | Commercial real estate - owner occupied | 335,658 | | | 324,350 | | | | Commercial real estate - non-owner occupied | 662,159 | | | 727,361 | | | | Multifamily | 81,086 | | | 90,565 | | | | Total commercial real estate loans | 1,370,105 | | | 1,321,703 | | | | Commercial loans | | | | | | Commercial and industrial | 192,652 | | | 141,341 | | | | Equipment finance | 394,541 | | | 317,920 | | | | Municipal leases | 129,766 | | | 140,421 | | | | PPP loans | 661 | | | 46,650 | | | | Total commercial loans | 717,620 | | | 646,332 | | | | Residential real estate loans | | | | | | Construction and land development | 81,847 | | | 66,027 | | | | One-to-four family | 354,203 | | | 406,549 | | | | HELOCs | 160,137 | | | 169,201 | | | | Total residential real estate loans | 596,187 | | | 641,777 | | | | Consumer loans | 85,383 | | | 123,455 | | | | Total loans, net of deferred loan fees and costs | 2,769,295 | | | 2,733,267 | | | | Allowance for credit losses on loans | (34,690) | | | (35,468) | | | | Loans, net | $ | 2,734,605 | | | $ | 2,697,799 | | | |
(1) June 30, 2022 and 2021 accrued interest receivable of $7,969 and $7,339 was accounted for separately from the amortized cost basis. The following tables provide a breakdown between loans identified as CDAs and non-CDAs, by segment and class, and securing collateral, as well as collateral coverage for those loans for the periods indicated below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Type of Collateral and Extent to Which Collateral Secures Financial Assets | | | | | June 30, 2022 | Residential Property | | Investment Property | | Commercial Property | | Business Assets | | | | Financial Assets Not Considered Collateral Dependent | | Total | | | | | | | | | | | | | | | Commercial real estate | | | | | | | | | | | | | | Construction and land development | $ | — | | | $ | — | | | $ | — | | | $ | — | | | | | $ | 291,202 | | | $ | 291,202 | | Commercial real estate - owner occupied | — | | | — | | | — | | | — | | | | | 335,658 | | | 335,658 | | Commercial real estate - non-owner occupied | — | | | — | | | — | | | — | | | | | 662,159 | | | 662,159 | | Multifamily | — | | | — | | | — | | | — | | | | | 81,086 | | | 81,086 | | Total commercial real estate | — | | | — | | | — | | | — | | | | | 1,370,105 | | | 1,370,105 | | Commercial | | | | | | | | | | | | | | Commercial and industrial | — | | | — | | | — | | | 2,594 | | | | | 190,058 | | | 192,652 | | Equipment finance | — | | | — | | | — | | | — | | | | | 394,541 | | | 394,541 | | Municipal leases | — | | | — | | | — | | | — | | | | | 129,766 | | | 129,766 | | PPP loans | — | | | — | | | — | | | — | | | | | 661 | | | 661 | | Total commercial | — | | | — | | | — | | | 2,594 | | | | | 715,026 | | | 717,620 | | Residential real estate | | | | | | | | | | | | | | Construction and land development | — | | | — | | | — | | | — | | | | | 81,847 | | | 81,847 | | One-to-four family | 1,318 | | | — | | | — | | | — | | | | | 352,885 | | | 354,203 | | HELOCs | — | | | — | | | — | | | — | | | | | 160,137 | | | 160,137 | | Total residential real estate | 1,318 | | | — | | | — | | | — | | | | | 594,869 | | | 596,187 | | Consumer | — | | | — | | | — | | | — | | | | | 85,383 | | | 85,383 | | Total | $ | 1,318 | | | $ | — | | | $ | — | | | $ | 2,594 | | | | | $ | 2,765,383 | | | $ | 2,769,295 | | Total collateral value | $ | 2,443 | | | $ | — | | | $ | — | | | $ | 69 | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Type of Collateral and Extent to Which Collateral Secures Financial Assets | | | | | June 30, 2021 | Residential Property | | Investment Property | | Commercial Property | | Business Assets | | | | Financial Assets Not Considered Collateral Dependent | | Total | | | | | | | | | | | | | | | Commercial real estate | | | | | | | | | | | | | | Construction and land development | $ | — | | | $ | 80 | | | $ | — | | | $ | — | | | | | $ | 179,347 | | | $ | 179,427 | | Commercial real estate - owner occupied | — | | | — | | | 2,308 | | | — | | | | | 322,042 | | | 324,350 | | Commercial real estate - non-owner occupied | — | | | — | | | — | | | | | | | 727,361 | | | 727,361 | | Multifamily | — | | | 3,421 | | | — | | | — | | | | | 87,144 | | | 90,565 | | Total commercial real estate | — | | | 3,501 | | | 2,308 | | | — | | | | | 1,315,894 | | | 1,321,703 | | Commercial | | | | | | | | | | | | | | Commercial and industrial | — | | | — | | | — | | | 25 | | | | | 141,316 | | | 141,341 | | Equipment finance | — | | | — | | | — | | | 275 | | | | | 317,645 | | | 317,920 | | Municipal leases | — | | | — | | | — | | | — | | | | | 140,421 | | | 140,421 | | PPP loans | — | | | — | | | — | | | — | | | | | 46,650 | | | 46,650 | | Total commercial | — | | | — | | | — | | | 300 | | | | | 646,032 | | | 646,332 | | Residential real estate | | | | | | | | | | | | | | Construction and land development | — | | | — | | | — | | | — | | | | | 66,027 | | | 66,027 | | One-to-four family | 807 | | | — | | | — | | | — | | | | | 405,742 | | | 406,549 | | HELOCs | — | | | — | | | — | | | — | | | | | 169,201 | | | 169,201 | | Total residential real estate | 807 | | | — | | | — | | | — | | | | | 640,970 | | | 641,777 | | Consumer | — | | | — | | | — | | | — | | | | | 123,455 | | | 123,455 | | Total | $ | 807 | | | $ | 3,501 | | | $ | 2,308 | | | $ | 300 | | | | | $ | 2,726,351 | | | $ | 2,733,267 | | Total collateral value | $ | 1,160 | | | $ | 3,602 | | | $ | 2,723 | | | $ | 301 | | | | | | | |
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Financing Receivable Credit Quality Indicators |
The following table presents the credit risk profile by risk grade for commercial real estate, commercial, residential real estate, and consumer loans by origination year as of June 30, 2022: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans By Origination Fiscal Year | | | | | June 30, 2022 | 2022 | | 2021 | | 2020 | | 2019 | | 2018 | | Prior | | Revolving | | Total | Construction and land development | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 21,988 | | | $ | 5,686 | | | $ | 627 | | | $ | 2,089 | | | $ | 1,092 | | | $ | 5,819 | | | $ | 248,189 | | | $ | 285,490 | | Special mention | — | | | — | | | — | | | — | | | — | | | 97 | | | 4,677 | | | 4,774 | | Substandard | 871 | | | — | | | — | | | — | | | — | | | 67 | | | — | | | 938 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total construction and land development | 22,859 | | | 5,686 | | | 627 | | | 2,089 | | | 1,092 | | | 5,983 | | | 252,866 | | | 291,202 | | Commercial real estate - owner occupied | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 55,167 | | | 71,429 | | | 45,665 | | | 43,786 | | | 21,720 | | | 74,602 | | | 16,857 | | | 329,226 | | Special mention | — | | | — | | | 396 | | | 418 | | | — | | | 2,416 | | | — | | | 3,230 | | Substandard | — | | | — | | | — | | | — | | | 577 | | | 2,227 | | | 398 | | | 3,202 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial real estate - owner occupied | 55,167 | | | 71,429 | | | 46,061 | | | 44,204 | | | 22,297 | | | 79,245 | | | 17,255 | | | 335,658 | | Commercial real estate - non-owner occupied | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 97,885 | | | 122,975 | | | 95,268 | | | 56,846 | | | 81,037 | | | 182,664 | | | 7,214 | | | 643,889 | | Special mention | — | | | — | | | — | | | — | | | 13,844 | | | 4,421 | | | — | | | 18,265 | | Substandard | — | | | — | | | — | | | — | | | — | | | 5 | | | — | | | 5 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial real estate - non-owner occupied | 97,885 | | | 122,975 | | | 95,268 | | | 56,846 | | | 94,881 | | | 187,090 | | | 7,214 | | | 662,159 | | Multifamily | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 10,135 | | | 19,985 | | | 15,881 | | | 8,614 | | | 2,796 | | | 20,587 | | | 2,495 | | | 80,493 | | Special mention | — | | | — | | | — | | | 29 | | | — | | | 217 | | | — | | | 246 | | Substandard | — | | | — | | | — | | | — | | | — | | | 347 | | | — | | | 347 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total multifamily | 10,135 | | | 19,985 | | | 15,881 | | | 8,643 | | | 2,796 | | | 21,151 | | | 2,495 | | | 81,086 | | Total commercial real estate | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 185,175 | | | $ | 220,075 | | — | | $ | 157,441 | | | $ | 111,335 | | | $ | 106,645 | | | $ | 283,672 | | | $ | 274,755 | | | $ | 1,339,098 | | Special mention | — | | | — | | | 396 | | | 447 | | | 13,844 | | | 7,151 | | | 4,677 | | | 26,515 | | Substandard | 871 | | | — | | | — | | | — | | | 577 | | | 2,646 | | | 398 | | | 4,492 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial real estate | $ | 186,046 | | | $ | 220,075 | | | $ | 157,837 | | | $ | 111,782 | | | $ | 121,066 | | | $ | 293,469 | | | $ | 279,830 | | | $ | 1,370,105 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans By Origination Fiscal Year | | | | | June 30, 2022 | 2022 | | 2021 | | 2020 | | 2019 | | 2018 | | Prior | | Revolving | | Total | Commercial and industrial | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 70,863 | | | $ | 21,059 | | | $ | 11,361 | | | $ | 9,377 | | | $ | 6,338 | | | $ | 20,856 | | | $ | 43,119 | | | $ | 182,973 | | Special mention | — | | | 346 | | | 260 | | | 364 | | | — | | | — | | | 1,957 | | | 2,927 | | Substandard | — | | | 770 | | | 343 | | | 1,152 | | | — | | | 52 | | | 4,337 | | | 6,654 | | Doubtful | — | | | 98 | | | — | | | — | | | — | | | — | | | — | | | 98 | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial and industrial | 70,863 | | | 22,273 | | | 11,964 | | | 10,893 | | | 6,338 | | | 20,908 | | | 49,413 | | | 192,652 | | Equipment finance | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 186,139 | | | 113,363 | | | 64,400 | | | 26,467 | | | 1,755 | | | — | | | — | | | 392,124 | | Special mention | 200 | | | 331 | | | 1,002 | | | 547 | | | — | | | — | | | — | | | 2,080 | | Substandard | — | | | 123 | | | 18 | | | 159 | | | — | | | — | | | — | | | 300 | | Doubtful | 32 | | | — | | | — | | | 5 | | | — | | | — | | | — | | | 37 | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total equipment finance | 186,371 | | | 113,817 | | | 65,420 | | | 27,178 | | | 1,755 | | | — | | | — | | | 394,541 | | Municipal leases | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 19,425 | | | 24,480 | | | 8,962 | | | 11,034 | | | 13,584 | | | 39,529 | | | 12,715 | | | 129,729 | | Special mention | — | | | 37 | | | — | | | — | | | — | | | — | | | — | | | 37 | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total municipal leases | 19,425 | | | 24,517 | | | 8,962 | | | 11,034 | | | 13,584 | | | 39,529 | | | 12,715 | | | 129,766 | | PPP loans | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | — | | | 375 | | | 286 | | | — | | | — | | | — | | | — | | | 661 | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total PPP loans | — | | | 375 | | | 286 | | | — | | | — | | | — | | | — | | | 661 | | Total commercial | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 276,427 | | | $ | 159,277 | | | $ | 85,009 | | | $ | 46,878 | | | $ | 21,677 | | | $ | 60,385 | | | $ | 55,834 | | | $ | 705,487 | | Special mention | 200 | | | 714 | | | 1,262 | | | 911 | | | — | | | — | | | 1,957 | | | 5,044 | | Substandard | — | | | 893 | | | 361 | | | 1,311 | | | — | | | 52 | | | 4,337 | | | 6,954 | | Doubtful | 32 | | | 98 | | | — | | | 5 | | | — | | | — | | | — | | | 135 | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial | $ | 276,659 | | | $ | 160,982 | | | $ | 86,632 | | | $ | 49,105 | | | $ | 21,677 | | | $ | 60,437 | | | $ | 62,128 | | | $ | 717,620 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans By Origination Fiscal Year | | | | | June 30, 2022 | 2022 | | 2021 | | 2020 | | 2019 | | 2018 | | Prior | | Revolving | | Total | Construction and land development | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 864 | | | $ | — | | | $ | 53 | | | $ | — | | | $ | — | | | $ | 1,783 | | | $ | 78,775 | | | $ | 81,475 | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | — | | | — | | | — | | | — | | | — | | | 372 | | | — | | | 372 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total construction and land development | 864 | | | — | | | 53 | | | — | | | — | | | 2,155 | | | 78,775 | | | 81,847 | | One-to-four family | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 55,415 | | | 74,035 | | | 47,364 | | | 29,075 | | | 23,250 | | | 113,307 | | | 4,077 | | | 346,523 | | Special mention | — | | | — | | | — | | | — | | | — | | | 835 | | | — | | | 835 | | Substandard | 128 | | | — | | | 1,002 | | | 540 | | | 430 | | | 4,590 | | | — | | | 6,690 | | Doubtful | — | | | — | | | — | | | — | | | — | | | 155 | | | — | | | 155 | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total one-to-four family | 55,543 | | | 74,035 | | | 48,366 | | | 29,615 | | | 23,680 | | | 118,887 | | | 4,077 | | | 354,203 | | HELOCs | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 1,466 | | | 458 | | | 282 | | | 901 | | | 107 | | | 7,441 | | | 148,526 | | | 159,181 | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | — | | | — | | | — | | | — | | | — | | | 879 | | | 49 | | | 928 | | Doubtful | — | | | — | | | — | | | — | | | — | | | 28 | | | — | | | 28 | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total HELOCs | 1,466 | | | 458 | | | 282 | | | 901 | | | 107 | | | 8,348 | | | 148,575 | | | 160,137 | | Total residential real estate | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 57,745 | | | $ | 74,493 | | | $ | 47,699 | | | $ | 29,976 | | | $ | 23,357 | | | $ | 122,531 | | | $ | 231,378 | | | $ | 587,179 | | Special mention | — | | | — | | | — | | | — | | | — | | | 835 | | | — | | | 835 | | Substandard | 128 | | | — | | | 1,002 | | | 540 | | | 430 | | | 5,841 | | | 49 | | | 7,990 | | Doubtful | — | | | — | | | — | | | — | | | — | | | 183 | | | — | | | 183 | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total residential real estate | $ | 57,873 | | | $ | 74,493 | | | $ | 48,701 | | | $ | 30,516 | | | $ | 23,787 | | | $ | 129,390 | | | $ | 231,427 | | | $ | 596,187 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans By Origination Fiscal Year | | | | | June 30, 2022 | 2022 | | 2021 | | 2020 | | 2019 | | 2018 | | Prior | | Revolving | | Total | Total consumer | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 25,935 | | | $ | 20,443 | | | $ | 15,849 | | | $ | 11,329 | | | $ | 8,235 | | | $ | 2,398 | | | $ | 277 | | | $ | 84,466 | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | 72 | | | 169 | | | 274 | | | 85 | | | 182 | | | 100 | | | 33 | | | 915 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | 2 | | | — | | | — | | | — | | | 2 | | Total consumer | $ | 26,007 | | | $ | 20,612 | | | $ | 16,123 | | | $ | 11,416 | | | $ | 8,417 | | | $ | 2,498 | | | $ | 310 | | | $ | 85,383 | |
The following table presents the credit risk profile by risk grade for commercial real estate, commercial, residential real estate, and consumer loans by origination year as of June 30, 2021: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans By Origination Fiscal Year | | | | | June 30, 2021 | 2021 | | 2020 | | 2019 | | 2018 | | 2017 | | Prior | | Revolving | | Total | Construction and land development | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 18,262 | | | $ | 6,523 | | | $ | 10,349 | | | $ | 6,008 | | | $ | 2,693 | | | $ | 7,153 | | | $ | 123,843 | | | $ | 174,831 | | Special mention | — | | | — | | | — | | | — | | | — | | | 286 | | | 3,827 | | | 4,113 | | Substandard | — | | | — | | | — | | | — | | | — | | | 482 | | | — | | | 482 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | 1 | | | — | | | 1 | | Total construction and land development | 18,262 | | | 6,523 | | | 10,349 | | | 6,008 | | | 2,693 | | | 7,922 | | | 127,670 | | | 179,427 | | Commercial real estate - owner occupied | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 73,353 | | | 51,983 | | | 57,189 | | | 25,837 | | | 40,780 | | | 57,188 | | | 11,248 | | | 317,578 | | Special mention | — | | | — | | | — | | | — | | | 172 | | | 2,139 | | | — | | | 2,311 | | Substandard | — | | | — | | | — | | | 630 | | | 1,572 | | | 1,861 | | | 398 | | | 4,461 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial real estate - owner occupied | 73,353 | | | 51,983 | | | 57,189 | | | 26,467 | | | 42,524 | | | 61,188 | | | 11,646 | | | 324,350 | | Commercial real estate - non-owner occupied | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 130,682 | | | 107,874 | | | 74,430 | | | 127,418 | | | 112,857 | | | 140,111 | | | 13,498 | | | 706,870 | | Special mention | — | | | — | | | — | | | 16,951 | | | 946 | | | 952 | | | — | | | 18,849 | | Substandard | — | | | — | | | — | | | — | | | — | | | 1,642 | | | — | | | 1,642 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total commercial real estate - non-owner occupied | 130,682 | | | 107,874 | | | 74,430 | | | 144,369 | | | 113,803 | | | 142,705 | | | 13,498 | | | 727,361 | | Multifamily | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 23,816 | | | 17,834 | | | 10,787 | | | 4,892 | | | 4,887 | | | 23,535 | | | 1,115 | | | 86,866 | | Special mention | — | | | — | | | — | | | — | | | 138 | | | — | | | — | | | 138 | | Substandard | — | | | — | | | — | | | — | | | 3,421 | | | 140 | | | — | | | 3,561 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total multifamily | 23,816 | | | 17,834 | | | 10,787 | | | 4,892 | | | 8,446 | | | 23,675 | | | 1,115 | | | 90,565 | | Total commercial real estate | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 246,113 | | | $ | 184,214 | | | $ | 152,755 | | | $ | 164,155 | | | $ | 161,217 | | | $ | 227,987 | | | $ | 149,704 | | | $ | 1,286,145 | | Special mention | — | | | — | | | — | | | 16,951 | | | 1,256 | | | 3,377 | | | 3,827 | | | 25,411 | | Substandard | — | | | — | | | — | | | 630 | | | 4,993 | | | 4,125 | | | 398 | | | 10,146 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | 1 | | | — | | | 1 | | Total commercial real estate | $ | 246,113 | | | $ | 184,214 | | | $ | 152,755 | | | $ | 181,736 | | | $ | 167,466 | | | $ | 235,490 | | | $ | 153,929 | | | $ | 1,321,703 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans By Origination Fiscal Year | | | | | June 30, 2021 | 2021 | | 2020 | | 2019 | | 2018 | | 2017 | | Prior | | Revolving | | Total | Commercial and industrial | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 29,606 | | | $ | 14,010 | | | $ | 18,826 | | | $ | 10,759 | | | $ | 15,346 | | | $ | 10,589 | | | $ | 36,165 | | | $ | 135,301 | | Special mention | — | | | 21 | | | 438 | | | 110 | | | 32 | | | 125 | | | 37 | | | 763 | | Substandard | 31 | | | 33 | | | 300 | | | — | | | — | | | 83 | | | 4,829 | | | 5,276 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | 1 | | | — | | | 1 | | Total commercial and industrial | 29,637 | | | 14,064 | | | 19,564 | | | 10,869 | | | 15,378 | | | 10,798 | | | 41,031 | | | 141,341 | | Equipment finance | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 154,685 | | | 104,681 | | | 53,178 | | | 4,773 | | | — | | | — | | | — | | | 317,317 | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | — | | | — | | | 323 | | | — | | | — | | | — | | | — | | | 323 | | Doubtful | — | | | — | | | 280 | | | — | | | — | | | — | | | — | | | 280 | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total equipment finance | 154,685 | | | 104,681 | | | 53,781 | | | 4,773 | | | — | | | — | | | — | | | 317,920 | | Municipal leases | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 23,358 | | | 19,240 | | | 14,005 | | | 17,979 | | | 9,738 | | | 47,144 | | | 8,700 | | | 140,164 | | Special mention | — | | | — | | | — | | | — | | | — | | | 257 | | | — | | | 257 | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total municipal leases | 23,358 | | | 19,240 | | | 14,005 | | | 17,979 | | | 9,738 | | | 47,401 | | | 8,700 | | | 140,421 | | PPP | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 29,667 | | | 16,983 | | | — | | | — | | | — | | | — | | | — | | | 46,650 | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total PPP loans | 29,667 | | | 16,983 | | | — | | | — | | | — | | | — | | | — | | | 46,650 | | Total commercial | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 237,316 | | | $ | 154,914 | | | $ | 86,009 | | | $ | 33,511 | | | $ | 25,084 | | | $ | 57,733 | | | $ | 44,865 | | | $ | 639,432 | | Special mention | — | | | 21 | | | 438 | | | 110 | | | 32 | | | 382 | | | 37 | | | 1,020 | | Substandard | 31 | | | 33 | | | 623 | | | — | | | — | | | 83 | | | 4,829 | | | 5,599 | | Doubtful | — | | | — | | | 280 | | | — | | | — | | | — | | | — | | | 280 | | Loss | — | | | — | | | — | | | — | | | — | | | 1 | | | — | | | 1 | | Total commercial | $ | 237,347 | | | $ | 154,968 | | | $ | 87,350 | | | $ | 33,621 | | | $ | 25,116 | | | $ | 58,199 | | | $ | 49,731 | | | $ | 646,332 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans By Origination Fiscal Year | | | | | June 30, 2021 | 2021 | | 2020 | | 2019 | | 2018 | | 2017 | | Prior | | Revolving | | Total | Construction and land development | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 4,244 | | | $ | 12,133 | | | $ | 2,357 | | | $ | 956 | | | $ | — | | | $ | 3,558 | | | $ | 42,267 | | | $ | 65,515 | | Special mention | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Substandard | — | | | — | | | — | | | 96 | | | — | | | 416 | | | — | | | 512 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total construction and land development | 4,244 | | | 12,133 | | | 2,357 | | | 1,052 | | | — | | | 3,974 | | | 42,267 | | | 66,027 | | One-to-four family | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 72,723 | | | 52,987 | | | 46,958 | | | 40,461 | | | 37,361 | | | 143,531 | | | 4,345 | | | 398,366 | | Special mention | — | | | — | | | — | | | — | | | 27 | | | 1,084 | | | — | | | 1,111 | | Substandard | 246 | | | 981 | | | — | | | 216 | | | 86 | | | 5,037 | | | — | | | 6,566 | | Doubtful | — | | | — | | | — | | | — | | | — | | | 191 | | | — | | | 191 | | Loss | — | | | — | | | — | | | — | | | — | | | 315 | | | — | | | 315 | | Total one-to-four family | 72,969 | | | 53,968 | | | 46,958 | | | 40,677 | | | 37,474 | | | 150,158 | | | 4,345 | | | 406,549 | | HELOCs | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | 2,767 | | | 465 | | | 1,294 | | | 217 | | | 716 | | | 9,469 | | | 152,571 | | | 167,499 | | Special mention | — | | | — | | | — | | | — | | | — | | | 12 | | | — | | | 12 | | Substandard | — | | | — | | | 159 | | | — | | | 38 | | | 935 | | | 558 | | | 1,690 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Total HELOCs | 2,767 | | | 465 | | | 1,453 | | | 217 | | | 754 | | | 10,416 | | | 153,129 | | | 169,201 | | Total residential real estate | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 79,734 | | | $ | 65,585 | | | $ | 50,609 | | | $ | 41,634 | | | $ | 38,077 | | | $ | 156,558 | | | $ | 199,183 | | | $ | 631,380 | | Special mention | — | | | — | | | — | | | — | | | 27 | | | 1,096 | | | — | | | 1,123 | | Substandard | 246 | | | 981 | | | 159 | | | 312 | | | 124 | | | 6,388 | | | 558 | | | 8,768 | | Doubtful | — | | | — | | | — | | | — | | | — | | | 191 | | | — | | | 191 | | Loss | — | | | — | | | — | | | — | | | — | | | 315 | | | — | | | 315 | | Total residential real estate | $ | 79,980 | | | $ | 66,566 | | | $ | 50,768 | | | $ | 41,946 | | | $ | 38,228 | | | $ | 164,548 | | | $ | 199,741 | | | $ | 641,777 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Term Loans By Origination Fiscal Year | | | | | June 30, 2021 | 2021 | | 2020 | | 2019 | | 2018 | | 2017 | | Prior | | Revolving | | Total | Total consumer | | | | | | | | | | | | | | | | Risk rating | | | | | | | | | | | | | | | | Pass | $ | 43,472 | | | $ | 28,153 | | | $ | 21,428 | | | $ | 19,105 | | | $ | 7,651 | | | $ | 2,152 | | | $ | 288 | | | $ | 122,249 | | Special mention | — | | | — | | | | | 14 | | | — | | | — | | | — | | | 14 | | Substandard | 29 | | | 418 | | | 214 | | | 284 | | | 147 | | | 85 | | | 11 | | | 1,188 | | Doubtful | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Loss | 2 | | | 1 | | | 1 | | | — | | | — | | | — | | | — | | | 4 | | Total consumer | $ | 43,503 | | | $ | 28,572 | | | $ | 21,643 | | | $ | 19,403 | | | $ | 7,798 | | | $ | 2,237 | | | $ | 299 | | | $ | 123,455 | |
|
Past Due Financing Receivables |
The following tables present aging analyses of past due loans (including nonaccrual loans) by segment and class for the periods indicated below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Past Due | | | | Total | | 30-89 Days | | 90 Days+ | | Total | | Current | | Loans | June 30, 2022 | | | | | | | | | | Commercial real estate | | | | | | | | | | Construction and land development | $ | — | | | $ | — | | | $ | — | | | $ | 291,202 | | | $ | 291,202 | | Commercial real estate - owner occupied | — | | | 52 | | | 52 | | | 335,606 | | | 335,658 | | Commercial real estate - non-owner occupied | — | | | — | | | — | | | 662,159 | | | 662,159 | | Multifamily | — | | | — | | | — | | | 81,086 | | | 81,086 | | Total commercial real estate | — | | | 52 | | | 52 | | | 1,370,053 | | | 1,370,105 | | Commercial | | | | | | | | | | Commercial and industrial | 255 | | | — | | | 255 | | | 192,397 | | | 192,652 | | Equipment finance | 186 | | | 56 | | | 242 | | | 394,299 | | | 394,541 | | Municipal leases | — | | | — | | | — | | | 129,766 | | | 129,766 | | PPP loans | — | | | — | | | — | | | 661 | | | 661 | | Total commercial | 441 | | | 56 | | | 497 | | | 717,123 | | | 717,620 | | Residential real estate | | | | | | | | | | Construction and land development | 115 | | | 22 | | | 137 | | | 81,710 | | | 81,847 | | One-to-four family | 910 | | | 1,394 | | | 2,304 | | | 351,899 | | | 354,203 | | HELOCs | 283 | | | 122 | | | 405 | | | 159,732 | | | 160,137 | | Total residential real estate | 1,308 | | | 1,538 | | | 2,846 | | | 593,341 | | | 596,187 | | Consumer | 330 | | | 177 | | | 507 | | | 84,876 | | | 85,383 | | Total loans | $ | 2,079 | | | $ | 1,823 | | | $ | 3,902 | | | $ | 2,765,393 | | | $ | 2,769,295 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Past Due | | | | Total | | 30-89 Days | | 90 Days+ | | Total | | Current | | Loans | June 30, 2021 | | | | | | | | | | Commercial real estate | | | | | | | | | | Construction and land development | $ | — | | | $ | 37 | | | $ | 37 | | | $ | 179,390 | | | $ | 179,427 | | Commercial real estate - owner occupied | 396 | | | 1,680 | | | 2,076 | | | 322,274 | | | 324,350 | | Commercial real estate - non-owner occupied | — | | | — | | | — | | | 727,361 | | | 727,361 | | Multifamily | — | | | — | | | — | | | 90,565 | | | 90,565 | | Total commercial real estate | 396 | | | 1,717 | | | 2,113 | | | 1,319,590 | | | 1,321,703 | | Commercial | | | | | | | | | | Commercial and industrial | 634 | | | 19 | | | 653 | | | 140,688 | | | 141,341 | | Equipment finance | — | | | 347 | | | 347 | | | 317,573 | | | 317,920 | | Municipal leases | — | | | — | | | — | | | 140,421 | | | 140,421 | | PPP loans | — | | | — | | | — | | | 46,650 | | | 46,650 | | Total commercial | 634 | | | 366 | | | 1,000 | | | 645,332 | | | 646,332 | | Residential real estate | | | | | | | | | | Construction and land development | 6 | | | 35 | | | 41 | | | 65,986 | | | 66,027 | | One-to-four family | 1,112 | | | 1,124 | | | 2,236 | | | 404,313 | | | 406,549 | | HELOCs | 488 | | | 265 | | | 753 | | | 168,448 | | | 169,201 | | Total residential real estate | 1,606 | | | 1,424 | | | 3,030 | | | 638,747 | | | 641,777 | | Consumer | 677 | | | 295 | | | 972 | | | 122,483 | | | 123,455 | | Total loans | $ | 3,313 | | | $ | 3,802 | | | $ | 7,115 | | | $ | 2,726,152 | | | $ | 2,733,267 | |
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Schedule of Past Due Loans Still Accruing and Nonaccruing Interest |
The following table presents recorded investment in loans on nonaccrual status, by segment and class, including restructured loans. It also includes interest income recognized on nonaccrual loans for the year ended June 30, 2022. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2022 | | June 30, 2021 | | | | 90 Days + & Still Accruing as of June 30, 2022 | | Nonaccrual with No Allowance as of June 30, 2022 | | Interest Income Recognized | | | Commercial real estate | | | | | | | | | | | | | | | Construction and land development | | $ | 67 | | | $ | 482 | | | | | $ | — | | | $ | — | | | $ | 5 | | | | Commercial real estate - owner occupied | | 706 | | | 3,265 | | | | | — | | | — | | | 23 | | | | Commercial real estate - non-owner occupied | | 5 | | | 208 | | | | | — | | | — | | | 1 | | | | Multifamily | | 103 | | | 3,542 | | | | | — | | | — | | | 7 | | | | Total commercial real estate | | 881 | | | 7,497 | | | | | — | | | — | | | 36 | | | | Commercial | | | | | | | | | | | | | | | Commercial and industrial | | 1,951 | | | 49 | | | | | — | | | — | | | 290 | | | | Equipment finance | | 270 | | | 630 | | | | | — | | | — | | | 17 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total commercial | | 2,221 | | | 679 | | | | | — | | | — | | | 307 | | | | Residential real estate | | | | | | | | | | | | | | | Construction and land development | | 137 | | | 22 | | | | | — | | | — | | | 4 | | | | One-to-four family | | 1,773 | | | 2,625 | | | | | — | | | 540 | | | 49 | | | | HELOCs | | 724 | | | 929 | | | | | — | | | — | | | 28 | | | | Total residential real estate | | 2,634 | | | 3,576 | | | | | — | | | 540 | | | 81 | | | | Consumer | | 384 | | | 854 | | | | | — | | | — | | | 24 | | | | Total loans | | $ | 6,120 | | | $ | 12,606 | | | | | $ | — | | | $ | 540 | | | $ | 448 | | | |
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Schedule of Allowance for Credit Losses on Financing Receivables |
The following tables present analyses of the ACL on loans by segment for the period indicated below. In addition to the provision (benefit) for credit losses on loans presented below, provisions (benefits) of $981 and $35 for off-balance sheet credit exposures and $(100) and $100 for commercial paper were recorded during the fiscal years ended June 30, 2022 and June 30, 2021, respectively. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended June 30, 2022 | | Commercial Real Estate | | Commercial | | Residential Real Estate | | Consumer | | Total | Balance at beginning of period | $ | 15,084 | | | $ | 9,663 | | | $ | 8,185 | | | $ | 2,536 | | | $ | 35,468 | | Provision (benefit) for credit losses | (2,273) | | | 3,110 | | | (1,423) | | | (886) | | | (1,472) | | Charge-offs | (485) | | | (1,728) | | | (116) | | | (183) | | | (2,512) | | Recoveries | 1,088 | | | 991 | | | 965 | | | 162 | | | 3,206 | | Net recoveries (charge-offs) | 603 | | | (737) | | | 849 | | | (21) | | | 694 | | Balance at end of period | $ | 13,414 | | | $ | 12,036 | | | $ | 7,611 | | | $ | 1,629 | | | $ | 34,690 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended June 30, 2021 | | Commercial Real Estate | | Commercial | | Residential Real Estate | | Consumer | | Total | Balance at beginning of period | $ | 15,413 | | | $ | 5,703 | | | $ | 5,685 | | | $ | 1,271 | | | $ | 28,072 | | Impact of adoption ASU 2016-13 | 833 | | | 3,240 | | | 8,687 | | | 2,049 | | | 14,809 | | Benefit for credit losses | (311) | | | (446) | | | (6,308) | | | (205) | | | (7,270) | | Charge-offs | (1,000) | | | (977) | | | (611) | | | (945) | | | (3,533) | | Recoveries | 149 | | | 2,143 | | | 732 | | | 366 | | | 3,390 | | Net recoveries (charge-offs) | (851) | | | 1,166 | | | 121 | | | (579) | | | (143) | | Balance at end of period | $ | 15,084 | | | $ | 9,663 | | | $ | 8,185 | | | $ | 2,536 | | | $ | 35,468 | |
The following table presents an analysis of the ALL by segment, prior to the adoption of ASU 2016-13: | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended June 30, 2020 | | | | PCI | | Commercial | | Retail Consumer | | Total | | | Balance at beginning of period | $ | 201 | | | $ | 14,809 | | | $ | 6,419 | | | $ | 21,429 | | | | Provision (benefit) for credit losses | (19) | | | 8,656 | | | (137) | | | 8,500 | | | | Charge-offs | — | | | (2,961) | | | (855) | | | (3,816) | | | | Recoveries | — | | | 480 | | | 1,479 | | | 1,959 | | | | Net recoveries (charge-offs) | — | | | (2,481) | | | 624 | | | (1,857) | | | | Balance at end of period | $ | 182 | | | $ | 20,984 | | | $ | 6,906 | | | $ | 28,072 | | | |
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Schedule of Ending Balances of Loans and the Related Allowance by Segment and Class |
The following tables present ending balances of loans and the related ACL, by segment and class for the periods indicated below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for Credit Losses | Total Loans Receivable | | | Loans Individually Evaluated | | Loans Collectively Evaluated | | Total | | Loans Individually Evaluated | | Loans Collectively Evaluated | | Total | June 30, 2022 | | | | | | | | | | | | | Commercial real estate | | | | | | | | | | | | | Construction and land development | | $ | — | | | $ | 4,402 | | | $ | 4,402 | | | $ | — | | | $ | 291,202 | | | $ | 291,202 | | Commercial real estate - owner occupied | | — | | | 3,038 | | | 3,038 | | | — | | | 335,658 | | | 335,658 | | Commercial real estate - non-owner occupied | | — | | | 5,589 | | | 5,589 | | | — | | | 662,159 | | | 662,159 | | Multifamily | | — | | | 385 | | | 385 | | | — | | | 81,086 | | | 81,086 | | Total commercial real estate | | — | | | 13,414 | | | 13,414 | | | — | | | 1,370,105 | | | 1,370,105 | | Commercial | | | | | | | | | | | | | Commercial and industrial | | 2,191 | | | 2,892 | | | 5,083 | | | 2,854 | | | 189,798 | | | 192,652 | | Equipment finance | | — | | | 6,651 | | | 6,651 | | | — | | | 394,541 | | | 394,541 | | Municipal leases | | — | | | 302 | | | 302 | | | — | | | 129,766 | | | 129,766 | | PPP loans | | — | | | — | | | — | | | — | | | 661 | | | 661 | | Total commercial | | 2,191 | | | 9,845 | | | 12,036 | | | 2,854 | | | 714,766 | | | 717,620 | | Residential real estate | | | | | | | | | | | | | Construction and land development | | — | | | 1,052 | | | 1,052 | | | — | | | 81,847 | | | 81,847 | | One-to-four family | | — | | | 4,673 | | | 4,673 | | | 2,486 | | | 351,717 | | | 354,203 | | HELOCs | | — | | | 1,886 | | | 1,886 | | | — | | | 160,137 | | | 160,137 | | Total residential real estate | | — | | | 7,611 | | | 7,611 | | | 2,486 | | | 593,701 | | | 596,187 | | Consumer | | — | | | 1,629 | | | 1,629 | | | — | | | 85,383 | | | 85,383 | | Total | | $ | 2,191 | | | $ | 32,499 | | | $ | 34,690 | | | $ | 5,340 | | | $ | 2,763,955 | | | $ | 2,769,295 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance for Credit Losses | Total Loans Receivable | | | | | Loans Individually Evaluated | | Loans Collectively Evaluated | | Total | | Loans Individually Evaluated | | Loans Collectively Evaluated | | Total | | | June 30, 2021 | | | | | | | | | | | | | | | Commercial real estate | | | | | | | | | | | | | | | Construction and land development | | $ | — | | | $ | 1,801 | | | $ | 1,801 | | | $ | 80 | | | $ | 179,347 | | | $ | 179,427 | | | | Commercial real estate - owner occupied | | 456 | | | 2,839 | | | 3,295 | | | 2,308 | | | 322,042 | | | 324,350 | | | | Commercial real estate - non-owner occupied | | — | | | 9,296 | | | 9,296 | | | — | | | 727,361 | | | 727,361 | | | | Multifamily | | — | | | 692 | | | 692 | | | 3,421 | | | 87,144 | | | 90,565 | | | | Total commercial real estate | | 456 | | | 14,628 | | | 15,084 | | | 5,809 | | | 1,315,894 | | | 1,321,703 | | | | Commercial | | | | | | | | | | | | | | | Commercial and industrial | | 9 | | | 2,583 | | | 2,592 | | | 760 | | | 140,581 | | | 141,341 | | | | Equipment finance | | — | | | 6,537 | | | 6,537 | | | 275 | | | 317,645 | | | 317,920 | | | | Municipal leases | | — | | | 534 | | | 534 | | | — | | | 140,421 | | | 140,421 | | | | PPP loans | | — | | | — | | | — | | | — | | | 46,650 | | | 46,650 | | | | Total commercial | | 9 | | | 9,654 | | | 9,663 | | | 1,035 | | | 645,297 | | | 646,332 | | | | Residential real estate | | | | | | | | | | | | | | | Construction and land development | | — | | | 812 | | | 812 | | | — | | | 66,027 | | | 66,027 | | | | One-to-four family | | 2 | | | 5,407 | | | 5,409 | | | 1,977 | | | 404,572 | | | 406,549 | | | | HELOCs | | — | | | 1,964 | | | 1,964 | | | — | | | 169,201 | | | 169,201 | | | | Total residential real estate | | 2 | | | 8,183 | | | 8,185 | | | 1,977 | | | 639,800 | | | 641,777 | | | | Consumer | | — | | | 2,536 | | | 2,536 | | | — | | | 123,455 | | | 123,455 | | | | Total | | $ | 467 | | | $ | 35,001 | | | $ | 35,468 | | | $ | 8,821 | | | $ | 2,724,446 | | | $ | 2,733,267 | | | |
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Schedule of Average Recorded Investment in Loans, Unpaid Principal Balance and Interest Income Recognized |
The following table presents average recorded investments in impaired loans and interest income recognized on impaired loans, prior to the adoption of ASU 2016-13: | | | | | | | | | | | | | | | 2020 | | Average Recorded Investment | | Interest Income Recognized | Commercial | | | | Commercial real estate | $ | 8,661 | | | $ | 336 | | Construction and development | 1,218 | | | 54 | | Commercial and industrial | 868 | | | 236 | | Equipment finance | 652 | | | 29 | | | | | | Total commercial | 11,399 | | | 655 | | Retail consumer | | | | One-to-four family | 14,796 | | | 687 | HELOCs - originated | 1,698 | | | 99 | HELOCs - purchased | 533 | | | 41 | Construction and land/lots | 1,149 | | | 83 | Indirect auto finance | 547 | | | 53 | Consumer | 194 | | | 7 | Total retail consumer | 18,917 | | | 970 | | Total loans | $ | 30,316 | | | $ | 1,625 | |
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Schedule Of Changes In Accretable Yield For Purchased Impaired Loans |
The following table presents a summary of changes in the accretable yield for PCI loans, prior to the adoption of ASU 2016-13: | | | | | | | | | 2020 | Accretable yield, beginning of period | $ | 5,259 | | | | | | | | Reclass from nonaccretable yield (1) | 458 | | Other changes, net (2) | (316) | | Interest income | (1,496) | | Accretable yield, end of period | $ | 3,905 | |
(1) Represents changes attributable to expected loss assumptions. (2) Represents changes in cash flows expected to be collected due to the impact of modifications, changes in prepayment assumptions, and changes in interest rates
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Troubled Debt Restructurings on Financing Receivables |
The following table presents a breakdown of the types of concessions made on TDRs by loan class for the periods indicated below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended June 30, | | 2022 | | 2021 | | 2020 | | Number of Loans | | Pre Modification Outstanding Recorded Investment | | Post Modification Outstanding Recorded Investment | | Number of Loans | | Pre Modification Outstanding Recorded Investment | | Post Modification Outstanding Recorded Investment | | Number of Loans | | Pre Modification Outstanding Recorded Investment | | Post Modification Outstanding Recorded Investment | Below market interest rate | | | | | | | | | | | | | | | | | | Commercial real estate | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial real estate - non-owner occupied | — | | | $ | — | | | $ | — | | | — | | | $ | — | | | $ | — | | | 1 | | | $ | 88 | | | $ | 86 | | | | | | | | | | | | | | | | | | | | Commercial | | | | | | | | | | | | | | | | | | Commercial and industrial | 1 | | | 275 | | | 260 | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | One-to-four family | 1 | | | 124 | | | 120 | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total below market interest rate | 2 | | | 399 | | | 380 | | | — | | | — | | | — | | | 1 | | | 88 | | | 86 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended June 30, | | 2022 | | 2021 | | 2020 | | Number of Loans | | Pre Modification Outstanding Recorded Investment | | Post Modification Outstanding Recorded Investment | | Number of Loans | | Pre Modification Outstanding Recorded Investment | | Post Modification Outstanding Recorded Investment | | Number of Loans | | Pre Modification Outstanding Recorded Investment | | Post Modification Outstanding Recorded Investment | Extended payment terms | | | | | | | | | | | | | | | | | | Commercial: | | | | | | | | | | | | | | | | | | Commercial and industrial | — | | | — | | | — | | | — | | | — | | | — | | | 1 | | | 826 | | | 826 | | Residential real estate | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | One-to-four family | 1 | | | 35 | | | 34 | | | — | | | — | | | — | | | 2 | | | 70 | | | 61 | | | | | | | | | | | | | | | | | | | | Consumer | 1 | | | 50 | | | 51 | | | 2 | | | 28 | | | 27 | | | — | | | — | | | — | | Total extended payment terms | 2 | | | 85 | | | 85 | | | 2 | | | 28 | | | 27 | | | 3 | | | 896 | | | 887 | | | | | | | | | | | | | | | | | | | | Other TDRs | | | | | | | | | | | | | | | | | | Commercial real estate | | | | | | | | | | | | | | | | | | Construction and land development | — | | | — | | | — | | | — | | | — | | | — | | | 1 | | | 182 | | | 79 | | | | | | | | | | | | | | | | | | | | Commercial real estate - non-owner occupied | — | | | — | | | — | | | — | | | — | | | — | | | 1 | | | 30 | | | 21 | | Multifamily | — | | | — | | | — | | | 1 | | | 4,408 | | | 3,421 | | | — | | | — | | | — | | Commercial | | | | | | | | | | | | | | | | | | Commercial and industrial | 2 | | | 840 | | | 826 | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Residential real estate | | | | | | | | | | | | | | | | | | Construction and land development | — | | | — | | | — | | | 1 | | | 225 | | | 213 | | | — | | | — | | | — | | One-to-four family | 2 | | | 93 | | | 91 | | | 4 | | | 269 | | | 256 | | | 5 | | | 511 | | | 502 | | HELOCs | 1 | | | 18 | | | 18 | | | 2 | | | 53 | | | 74 | | | 1 | | | 27 | | | 27 | | Consumer | 6 | | | 74 | | | 61 | | | 14 | | | 207 | | | 144 | | | 3 | | | 63 | | | 49 | | Total other TDRs | 11 | | | 1,025 | | | 996 | | | 22 | | | 5,162 | | | 4,108 | | | 11 | | | 813 | | | 678 | | Total | 15 | | | $ | 1,509 | | | $ | 1,461 | | | 24 | | | $ | 5,190 | | | $ | 4,135 | | | 15 | | | $ | 1,797 | | | $ | 1,651 | |
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Schedule of Trouble Debt Restructurings With Payment Default |
The following table presents loans that were modified as TDRs within the previous 12 months and for which there was a payment default during the periods indicated below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended June 30, | | 2022 | | 2021 | | 2020 | | Number of Loans | | Recorded Investment | | Number of Loans | | Recorded Investment | | Number of Loans | | Recorded Investment | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other TDRs | | | | | | | | | | | | Commercial real estate | | | | | | | | | | | | Construction and land development | — | | | $ | — | | | — | | | $ | — | | | 1 | | | $ | 79 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Consumer | 1 | | | 25 | | | 1 | | | 30 | | — | | | — | | | | | | | | | | | | | | Total | 1 | | | $ | 25 | | | 1 | | | $ | 30 | | | 1 | | | $ | 79 | |
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