PROVIDENT FINANCIAL HOLDINGS INC, 10-Q filed on 2/6/2026
Quarterly Report
v3.25.4
Document and Entity Information - shares
 6 Months Ended
Dec. 31, 2025
Jan. 31, 2026
Document and Entity Information    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Dec. 31, 2025  
Document Transition Report false  
Securities Act File Number 000-28304  
Entity Registrant Name PROVIDENT FINANCIAL HOLDINGS, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 33-0704889  
Entity Address, Address Line One 3756 Central Avenue  
Entity Address, City or Town Riverside  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 92506  
City Area Code 951  
Local Phone Number 686-6060  
Title of 12(b) Security Common stock, par value $0.01 per share  
Trading Symbol PROV  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business true  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   6,375,020
Entity Central Index Key 0001010470  
Current Fiscal Year End Date --06-30  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q2  
Amendment Flag false  
v3.25.4
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Assets    
Cash and cash equivalents $ 54,370 $ 53,090
Investment securities - held to maturity, at cost with no allowance for credit losses 98,899 109,399
Investment securities - available for sale, at fair value 1,404 1,607
Loans held for investment, net of allowance for credit losses of $5.6 million and $6.4 million, respectively; includes $1.0 million and $1.0 million of loans held at fair value, respectively; $642.3 million and $734.4 million pledged to Federal Home Loan Bank ("FHLB") - San Francisco, respectively; $310.0 million and $227.0 million pledged to Federal Reserve Bank ("FRB") - San Francisco, respectively 1,037,655 1,045,745
Accrued interest receivable 4,106 4,215
FHLB - San Francisco stock and other equity investments, includes $721 and $730 of other equity investments at fair value, respectively 10,289 10,298
Premises and equipment, net 9,836 9,324
Prepaid expenses and other assets 11,333 11,935
Total assets 1,227,892 1,245,613
Liabilities:    
Noninterest-bearing deposits 75,316 83,566
Interest-bearing deposits 797,118 805,206
Total deposits 872,434 888,772
Borrowings 213,060 213,073
Accounts payable, accrued interest and other liabilities 14,907 15,223
Total liabilities 1,100,401 1,117,068
Commitments and Contingencies (Notes 6 and 9)
Stockholders' equity:    
Preferred stock, $0.01 par value (2,000,000 shares authorized; none issued and outstanding)
Common stock, $0.01 par value, (40,000,000 and 40,000,000 shares authorized, 18,229,615 and 18,229,615 shares issued, and 6,414,751 and 6,577,718 shares outstanding, respectively) 183 183
Additional paid-in capital 99,434 99,149
Retained earnings 213,693 212,403
Treasury stock at cost (11,814,864 and 11,651,897 shares, respectively) (185,836) (183,207)
Accumulated other comprehensive income, net of tax 17 17
Total stockholders' equity 127,491 128,545
Total liabilities and stockholders' equity $ 1,227,892 $ 1,245,613
v3.25.4
Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Investment securities - held to maturity, allowance for credit losses $ 0 $ 0
Allowance for credit losses on loans held for investment 5,634 6,424
Loans held for investment fair value 1,000 1,000
Collateral pledged on Federal Home Loan Bank advances 642,300 734,400
Loans held for investment 1,037,655 1,045,745
Equity investments at fair value $ 721 $ 730
Preferred stock par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock shares authorized 2,000,000 2,000,000
Preferred stock shares issued 0 0
Preferred stock shares outstanding 0 0
Common stock par value (in dollars per share) $ 0.01 $ 0.01
Common stock shares authorized 40,000,000 40,000,000
Common stock shares issued 18,229,615 18,229,615
Common stock shares outstanding 6,414,751 6,577,718
Treasury stock shares 11,814,864 11,651,897
Pledged as Collateral | Federal Reserve Bank advances    
Loans held for investment, current $ 310,000 $ 227,000
v3.25.4
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Interest income:        
Loans receivable, net $ 13,072 $ 13,050 $ 26,203 $ 26,073
Investment securities 411 471 841 953
FHLB - San Francisco stock and other equity investments 214 213 425 423
Interest-earning deposits 253 287 627 647
Total interest income 13,950 14,021 28,096 28,096
Interest expense:        
Checking and money market deposits 56 51 107 104
Savings deposits 197 117 368 229
Time deposits 2,672 2,506 5,436 5,165
Borrowings 2,101 2,588 4,331 5,223
Total interest expense 5,026 5,262 10,242 10,721
Net interest income 8,924 8,759 17,854 17,375
Recovery of credit losses (158) 586 (784) (111)
Net interest income, after (recovery of) provision for credit losses 9,082 8,173 18,638 17,486
Non-interest income:        
Loan servicing and other fees 176 60 322 164
Other 182 203 282 380
Total non-interest income 917 845 1,730 1,744
Non-interest expense:        
Salaries and employee benefits 4,783 4,826 9,553 9,459
Premises and occupancy 851 917 1,798 1,868
Equipment 479 379 885 722
Professional 442 412 856 838
Sales and marketing 158 187 306 360
Deposit insurance premium and regulatory assessments 177 190 342 373
Other 1,059 883 1,843 1,697
Total non-interest expense 7,949 7,794 15,583 15,317
Income before income taxes 2,050 1,224 4,785 3,913
Provision for income taxes 614 352 1,668 1,141
Net income $ 1,436 $ 872 $ 3,117 $ 2,772
Basic earnings per share ( in dollars per share) $ 0.22 $ 0.13 $ 0.48 $ 0.41
Diluted earnings per share ( in dollars per share) $ 0.22 $ 0.13 $ 0.47 $ 0.41
Deposit account fees        
Non-interest income:        
Non-interest income $ 273 $ 282 $ 538 $ 580
Card and processing fees        
Non-interest income:        
Non-interest income $ 286 $ 300 $ 588 $ 620
v3.25.4
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Condensed Consolidated Statements of Comprehensive Income        
Net Income (Loss) $ 1,436 $ 872 $ 3,117 $ 2,772
Change in unrealized holding (loss) income on securities available for sale and interest-only strips (1) 1   26
Income tax expense       (8)
Other comprehensive (loss) income (1) 1   18
Total comprehensive income $ 1,435 $ 873 $ 3,117 $ 2,790
v3.25.4
Condensed Consolidated Statements of Stockholders' Equity - USD ($)
$ in Thousands
Common Stock
Additional Paid-In Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income (Loss), Net of Tax
Total
Balance at Jun. 30, 2024 $ 183 $ 98,532 $ 209,914 $ (178,685) $ (3) $ 129,941
Balance (in shares) at Jun. 30, 2024 6,847,821          
Increase (Decrease) in Stockholders' Equity            
Net Income (Loss)     2,772     2,772
Other comprehensive income (loss)         18 18
Purchase of treasury stock [1]       (2,494)   (2,494)
Purchase of treasury stock (in shares) [1] (165,955)          
Distribution of restricted stock (in shares) 23,825          
Awards of restricted stock   (91)   91    
Forfeiture of restricted stock   6   (6)    
Amortization of restricted stock   266       266
Stock options expense   34       34
Cash dividends [2]     (1,907)     (1,907)
Balance at Dec. 31, 2024 $ 183 98,747 210,779 (181,094) 15 128,630
Balance (in shares) at Dec. 31, 2024 6,705,691          
Balance at Sep. 30, 2024 $ 183 98,711 210,853 (180,155) 14 129,606
Balance (in shares) at Sep. 30, 2024 6,769,247          
Increase (Decrease) in Stockholders' Equity            
Net Income (Loss)     872     872
Other comprehensive income (loss)         1 1
Purchase of treasury stock       (1,030)   (1,030)
Purchase of treasury stock (in shares) (63,556)          
Awards of restricted stock   (91)   91    
Amortization of restricted stock   111       111
Stock options expense   16       16
Cash dividends [3]     (946)     (946)
Balance at Dec. 31, 2024 $ 183 98,747 210,779 (181,094) 15 128,630
Balance (in shares) at Dec. 31, 2024 6,705,691          
Balance at Jun. 30, 2025 $ 183 99,149 212,403 (183,207) 17 $ 128,545
Balance (in shares) at Jun. 30, 2025 6,577,718         6,577,718
Increase (Decrease) in Stockholders' Equity            
Net Income (Loss)     3,117     $ 3,117
Purchase of treasury stock       (2,595)   (2,595)
Purchase of treasury stock (in shares) (162,967)          
Forfeiture of restricted stock   34   (34)    
Amortization of restricted stock   205       205
Stock options expense   46       46
Cash dividends [4]     (1,827)     (1,827)
Balance at Dec. 31, 2025 $ 183 99,434 213,693 (185,836) 17 $ 127,491
Balance (in shares) at Dec. 31, 2025 6,414,751         6,414,751
Balance at Sep. 30, 2025 $ 183 99,306 213,163 (184,300) 18 $ 128,370
Balance (in shares) at Sep. 30, 2025 6,511,011          
Increase (Decrease) in Stockholders' Equity            
Net Income (Loss)     1,436     1,436
Other comprehensive income (loss)         (1) (1)
Purchase of treasury stock       (1,536)   (1,536)
Purchase of treasury stock (in shares) (96,260)          
Amortization of restricted stock   102       102
Stock options expense   26       26
Cash dividends [5]     (906)     (906)
Balance at Dec. 31, 2025 $ 183 $ 99,434 $ 213,693 $ (185,836) $ 17 $ 127,491
Balance (in shares) at Dec. 31, 2025 6,414,751         6,414,751
[1] Includes 8,758 shares acquired upon vesting of restricted stock in settlement of employees' withholding tax obligations.
[2] Cash dividends of $0.28 per share were paid during the six months ended December 31, 2024.
[3] Cash dividends of $0.14 per share were paid in the quarter ended December 31, 2024.
[4] Cash dividends of $0.28 per share were paid during the six months ended December 31, 2025.
[5] Cash dividends of $0.14 per share were paid in the quarter ended December 31, 2025.
v3.25.4
Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Condensed Consolidated Statements of Stockholders' Equity        
Number of shares acquired upon vesting of restricted stock in settlement of employee withholding tax obligations       8,758
Cash dividends per share $ 0.14 $ 0.14 $ 0.28 $ 0.28
v3.25.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income $ 3,117 $ 2,772
Adjustments to reconcile net income to net cash provided by operating activities :    
Depreciation and amortization 1,832 1,816
Recovery of credit losses (784) (111)
Net unrealized loss (gain) on other equity investments 9 (110)
Stock-based compensation 251 300
Provision for deferred income taxes 124 351
Decrease in accounts payable, accrued interest and other liabilities (1,512) (1,992)
Decrease (increase) in prepaid expenses and other assets 678 (143)
Net cash provided by operating activities 3,715 2,883
Cash flows from investing activities:    
Net decrease (increase) in loans held for investment 8,006 (1,251)
Principal payments from investment securities - held to maturity 10,363 10,956
Principal payments from investment securities - available for sale 202 125
Purchase of premises and equipment (231) (188)
Net cash provided by investing activities 18,340 9,642
Cash flows from financing activities:    
Net decrease in deposits (16,338) (20,833)
Proceeds from long-term borrowings 54,000 62,000
Repayments of long-term borrowings (46,015) (20,000)
Repayments of short-term borrowings, net (8,000) (35,000)
Treasury stock purchases (2,595) (2,494)
Withholding taxes on stock-based compensation   (128)
Cash dividends (1,827) (1,907)
Net cash used for financing activities (20,775) (18,362)
Net increase (decrease) in cash and cash equivalents 1,280 (5,837)
Cash and cash equivalents at beginning of period 53,090 51,376
Cash and cash equivalents at end of period 54,370 45,539
Supplemental information:    
Cash paid for interest 10,751 11,340
Cash paid for income taxes $ 1,280 $ 1,331
v3.25.4
Basis of Presentation
 6 Months Ended
Dec. 31, 2025
Basis of Presentation  
Basis of Presentation

Note 1: Basis of Presentation

The unaudited interim condensed consolidated financial statements included herein reflect all adjustments which are, in the opinion of management, necessary to present a fair statement of the results of operations for the interim periods presented. All such adjustments are of a normal, recurring nature. The condensed consolidated statement of financial condition at June 30, 2025 is derived from the audited consolidated financial statements of Provident Financial Holdings, Inc. and its wholly-owned subsidiary, Provident Savings Bank, F.S.B. (the "Bank") (collectively, the "Corporation"). Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been omitted pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC") with respect to interim financial reporting. It is recommended that these unaudited interim condensed consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025 (“2025 Annual Form 10-K”). The results of operations for the quarter and six months ended December 31, 2025 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2026.
v3.25.4
Accounting Standard Updates ("ASU")
 6 Months Ended
Dec. 31, 2025
Accounting Standard Updates ("ASU")  
Accounting Standard Updates ("ASU")

Note 2: Accounting Standard Updates (“ASU”)

ASU 2025-08:

In November 2025, the Financial Accounting Standards Board (“FASB”) issued ASU 2025-08 to update ASC 326: Financial Instruments – Credit Losses to address concerns regarding complexity and lack of comparability in the accounting for purchased loans under the current credit loss standard (Topic 326). This ASU removes the previous distinction in accounting between purchased credit-deteriorated (“PCD”) assets and non-PCD assets by applying the gross-up accounting method; formerly used only for PCD assets, to most acquired loans. These loans will now be designated as purchased seasoned loans (“PSLs”). This change eliminates the Day-1 credit loss expense on PSLs, which the industry considered a double-count of expected losses on acquired performing loans, by recognizing expected credit losses at acquisition without immediate impact to earnings. This new guidance is effective for annual reporting periods beginning after December 15, 2026, including interim periods within those fiscal years. Early adoption is permitted in an interim or annual reporting period in which financial statements have not yet been issued or made available for issuance. If an entity adopts the amendments in an interim reporting period, it should apply the amendments as of the beginning of that interim reporting period or the beginning of the annual reporting period that includes that interim reporting period. The Corporation is in the process of reviewing the impact of this ASU and has not yet determined the impact of the adoption of this ASU on its consolidated financial statements.

​

ASU 2024-03:

In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This ASU 2024-03 requires public business entities (“PBEs”) to disclose disaggregated information about specific natural expense categories underlying certain income statement expense line items that are considered relevant expense captions because they include one or more of the five natural expense categories identified in this ASU. Such disclosures must be made on an annual and interim basis in a tabular format in the footnotes to the financial statements. The ASU requires entities to disaggregate any relevant expense caption presented on the face of the income statement within continuing operations into the following required natural expense categories, as applicable: (1) purchases of inventory, (2) employee compensation, (3) depreciation, (4) intangible asset amortization, and (5) depreciation, depletion and amortization recognized as part of oil- and gas-producing activities or other depletion expenses. This ASU does not change the expense captions an entity presents on the face of the income statement; rather, it requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements. This ASU is effective for all PBEs for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The Corporation is in the process of reviewing the impact of this ASU and has not yet determined the impact of the adoption of this ASU on its consolidated financial statements.

ASU 2023-09:

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU requires PBEs to annually (a) disclose specific categories in the rate reconciliation and (b) provide additional information for reconciling items that meet a quantitative threshold of equal to or greater than five percent of the amount computed by multiplying pretax income or loss by the applicable statutory income tax rate. This ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Corporation is in the process of reviewing the impact of this ASU and has not yet determined the impact of the adoption of this ASU on its consolidated financial statements.

​
v3.25.4
Earnings Per Share
 6 Months Ended
Dec. 31, 2025
Earnings Per Share  
Earnings Per Share

Note 3: Earnings Per Share

Basic earnings per share (“EPS”) excludes dilution and is computed by dividing income available to common shareholders by the weighted-average number of shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the earnings of the Corporation.

As of December 31, 2025 and 2024, there were outstanding stock options to purchase 229,000 shares and 223,000 shares of the Corporation’s common stock, respectively. As of December 31, 2025 and 2024, there were 89,000 and 95,000 outstanding stock options, respectively, excluded from the diluted EPS computation as their effect was anti-dilutive. As of

December 31, 2025 and 2024, there were outstanding restricted stock awards of 140,900 shares and 162,200 shares, respectively.

The following table provides the basic and diluted EPS computations for the quarters and six months ended December 31, 2025 and 2024, respectively.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Quarter Ended

​

For the Six Months Ended

​

​

December 31, 

​

December 31, 

(In Thousands, Except Earnings Per Share)

​

2025

 

2024

 

2025

 

2024

Numerator:

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ Net income – numerator for basic earnings per share and 

 

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ ​ ​ diluted earnings per share - available to common

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ ​ ​ stockholders

​

$

1,436

​

$

872

​

$

3,117

​

$

2,772

​

​

​

​

​

​

​

​

​

​

​

​

​

Denominator:

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ Denominator for basic earnings per share:

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ ​ ​ ​ Weighted-average shares

​

 

6,462

​

 

6,745

​

 

6,514

​

 

6,789

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ Less effect of dilutive shares:

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ ​ ​ ​ Stock options

​

 

12

​

 

13

​

 

10

​

 

6

  ​ ​ ​ ​ ​ ​ Restricted stock

​

 

57

​

 

35

​

 

54

​

 

33

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ Denominator for diluted earnings per share:

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ ​ ​ ​ Adjusted weighted-average shares and assumed

​

 

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ ​ ​ ​ ​ ​ conversions

​

​

6,531

​

​

6,793

​

​

6,578

​

​

6,828

​

​

​

​

​

​

​

​

​

​

​

​

​

Basic earnings per share

 

$

0.22

 

$

0.13

 

$

0.48

 

$

0.41

Diluted earnings per share

 

$

0.22

 

$

0.13

 

$

0.47

 

$

0.41

​
v3.25.4
Investment Securities
 6 Months Ended
Dec. 31, 2025
Investment Securities  
Investment Securities

Note 4: Investment Securities

The amortized cost and estimated fair value of investment securities as of December 31, 2025 and June 30, 2025 were as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

  ​ ​ ​

​

  ​ ​ ​

Gross

  ​ ​ ​

Gross

  ​ ​ ​

Estimated

  ​ ​ ​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

​

Carrying

December 31, 2025

​

Cost

​

Gains

​

(Losses)

​

Value

​

Value

(In Thousands)

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Held to maturity

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

U.S. government sponsored enterprise MBS(1)

​

$

94,281

​

$

144

​

$

(8,197)

​

$

86,228

​

$

94,281

U.S. government sponsored enterprise CMO(2)

​

​

4,404

​

​

18

​

​

(56)

​

​

4,366

​

​

4,404

U.S. SBA securities(3)

​

 

214

​

 

—

​

 

(2)

​

 

212

​

 

214

Total investment securities - held to maturity

​

​

98,899

​

​

162

​

​

(8,255)

​

​

90,806

​

​

98,899

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Available for sale

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

U.S. government agency MBS(1)

​

​

932

​

​

11

​

​

—

​

​

943

​

​

943

U.S. government sponsored enterprise MBS(1)

​

​

378

​

​

9

​

​

—

​

​

387

​

 

387

Private issue CMO(2)

​

 

74

​

 

—

​

 

—

​

 

74

​

 

74

Total investment securities - available for sale

​

​

1,384

​

​

20

​

​

—

​

​

1,404

​

​

1,404

Total investment securities

​

$

100,283

​

$

182

​

$

(8,255)

​

$

92,210

​

$

100,303

​

(1)Mortgage-Backed Securities (“MBS”)
(2)Collateralized Mortgage Obligations (“CMO”)
(3)Small Business Administration (“SBA”)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

  ​ ​ ​

​

  ​ ​ ​

Gross

  ​ ​ ​

Gross

  ​ ​ ​

Estimated

  ​ ​ ​

​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

​

Carrying

June 30, 2025

​

Cost

​

Gains

​

(Losses)

​

Value

​

Value

(In Thousands)

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Held to maturity

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

U.S. government sponsored enterprise MBS

​

$

104,549

​

$

127

​

$

(10,305)

​

$

94,371

​

$

104,549

U.S. government sponsored enterprise CMO

​

​

4,525

​

​

14

​

​

(108)

​

​

4,431

​

​

4,525

U.S. SBA securities

​

 

325

​

 

—

​

 

(1)

​

 

324

​

 

325

Total investment securities - held to maturity

​

​

109,399

​

​

141

​

​

(10,414)

​

​

99,126

​

​

109,399

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Available for sale

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

U.S. government agency MBS

​

​

1,072

​

​

10

​

​

—

​

​

1,082

​

​

1,082

U.S. government sponsored enterprise MBS

​

 

436

​

 

10

​

 

—

​

 

446

​

 

446

Private issue CMO

​

 

79

​

 

—

​

 

—

​

 

79

​

 

79

Total investment securities - available for sale

​

​

1,587

​

​

20

​

​

—

​

​

1,607

​

​

1,607

Total investment securities

​

$

110,986

​

$

161

​

$

(10,414)

​

$

100,733

​

$

111,006

​

In the second quarter of fiscal 2026 and 2025, the Corporation received MBS principal payments of $5.1 million and $5.3 million, respectively, and there were no purchases or sales of investment securities during both periods.

​

For the first six months of fiscal 2026 and 2025, the Corporation received MBS principal payments of $10.6 million and $11.1 million, respectively, and there were no purchases or sales of investment securities during these periods.

​

The Corporation held investments with an unrealized loss position of $8.3 million at December 31, 2025 and $10.4 million at June 30, 2025 as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of December 31, 2025

​

Unrealized Holding Losses

​

Unrealized Holding Losses

​

Unrealized Holding Losses

(In Thousands)

​

Less Than 12 Months

​

12 Months or More

​

Total

​

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

Fair

​

Unrealized

Description of Securities

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

Held to maturity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. government sponsored enterprise MBS

​

$

—

​

$

—

​

$

82,396

​

$

8,197

​

$

82,396

​

$

8,197

U.S. government sponsored enterprise CMO

​

​

—

​

​

—

​

​

3,365

​

​

56

​

​

3,365

​

​

56

U.S. SBA securities

​

​

—

​

​

—

​

​

212

​

​

2

​

​

212

​

​

2

Total investment securities - held to maturity

​

​

—

​

​

—

​

​

85,973

​

​

8,255

​

​

85,973

​

​

8,255

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Available for sale

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S government agency MBS

​

​

31

​

​

—

​

​

13

​

​

—

​

​

44

​

​

—

Private issue CMO

​

​

—

​

​

—

​

​

16

​

​

—

​

​

16

​

​

—

Total investment securities - available for sale

​

​

31

​

​

—

​

​

29

​

​

—

​

​

60

​

​

—

Total investment securities

​

$

31

​

$

—

​

​

86,002

​

$

8,255

​

$

86,033

​

$

8,255

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of June 30, 2025

​

Unrealized Holding Losses

​

Unrealized Holding Losses

​

Unrealized Holding Losses

(In Thousands)

​

Less Than 12 Months

​

12 Months or More

​

Total

​

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

Fair

​

Unrealized

Description of Securities

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

Held to maturity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. government sponsored enterprise MBS

​

$

—

​

$

—

​

$

90,022

​

$

10,305

​

$

90,022

​

$

10,305

U.S. government sponsored enterprise CMO

​

​

—

​

​

—

​

​

3,435

​

​

108

​

​

3,435

​

​

108

U.S. SBA securities

​

​

324

​

​

1

​

​

—

​

​

—

​

​

324

​

​

1

Total investment securities - held to maturity

​

​

324

​

​

1

​

​

93,457

​

​

10,413

​

​

93,781

​

​

10,414

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Available for sale

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S government agency MBS

​

​

37

​

​

—

​

​

13

​

​

—

​

​

50

​

​

—

Private issue CMO

​

​

—

​

​

—

​

​

17

​

​

—

​

​

17

​

​

—

Total investment securities - available for sale

​

​

37

​

​

—

​

​

30

​

​

—

​

​

67

​

​

—

Total investment securities

​

$

361

​

$

1

​

$

93,487

​

$

10,413

​

$

93,848

​

$

10,414

​

On a quarterly basis, the Corporation evaluates the allowance for credit losses for its investment securities held to maturity and the credit losses for its investment securities held for sale based on Accounting Standards Codification (“ASC”) 326, “Financial Instruments – Credit Losses.” At December 31, 2025, all of the $8.3 million of unrealized holding losses were in a loss position for 12 months or more; while at June 30, 2025, all $10.4 million of unrealized holding losses were in a loss position for 12 months or more, except $1,000 of unrealized holding losses that were in a loss position for less than 12 months. The unrealized losses on investment securities were attributable to changes in interest rates relative to when the investment securities were purchased and not due to the credit quality of the investment securities, which are predominately U.S. government sponsored enterprise securities that are either explicitly or implicitly guaranteed by the U.S. government and have a long history of no credit losses. Therefore, the Corporation has determined that the unrealized losses are due to the fluctuating nature of interest rates, and not related to any potential credit risks within the investment portfolio. The Bank does not currently intend to sell any investment securities classified as held to maturity recorded at amortized cost or available for sale recorded at fair market value as prescribed by GAAP. As part of the Corporation’s monthly risk assessment, the Corporation prepares a number of stressed liquidity scenarios to determine if it is more likely than not that the Bank will be required to sell the investment securities before the recovery of its amortized cost basis. The results of these liquidity scenarios support the Corporation’s assessment that the Corporation has the ability to hold these held to maturity securities until maturity or available for sale securities until recovery of the amortized cost is realized and it is not more likely than not that the Corporation will be required to sell the securities prior to recovery of the amortized cost. There was no allowance for credit losses (“ACL”) on investment securities held to maturity and there was no impairment of investment securities available for sale at December 31, 2025 and June 30, 2025.

​

In order to maintain adequate liquidity, the Bank has established borrowing facilities with various counterparties. As of December 31, 2025, the Bank had a remaining borrowing capacity of $213.1 million at the FHLB of San Francisco and  an estimated $193.3 million discount window facility at the FRB of San Francisco. In addition, the Bank also has an unsecured borrowing arrangement in the form of a federal funds facility with its correspondent bank for $50.0 million. The Bank had no advances under the Federal Reserve discount window or correspondent bank facility as of December 31, 2025. The total remaining available borrowing capacity across all sources totaled approximately $456.4 million at December 31, 2025.

​

At June 30, 2025, the Bank had a remaining borrowing capacity of $282.3 million at the FHLB of San Francisco and an estimated $142.5 million discount window facility at the FRB of San Francisco. In addition, the Bank also had an unsecured borrowing arrangement in the form of a federal funds facility with its correspondent bank for $50.0 million. The Bank had no advances under the Federal Reserve discount window or the correspondent bank facility as of June 30, 2025. The total remaining available borrowing capacity across all sources totaled approximately $474.8 million at June 30, 2025.

​

Contractual maturities of investment securities as of December 31, 2025 and June 30, 2025 were as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

June 30, 2025

​

  ​ ​ ​

​

​

  ​ ​ ​

Estimated

  ​ ​ ​

​

​

  ​ ​ ​

Estimated

​

​

Amortized

​

Fair

​

Amortized

​

Fair

(In Thousands)

​

Cost

​

Value

​

Cost

​

Value

Held to maturity

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Due in one year or less

​

$

152

​

$

150

​

$

69

​

$

68

Due after one through five years

​

 

17,682

​

 

16,951

​

 

4,921

​

 

4,760

Due after five through ten years

​

 

49,505

​

 

45,779

​

 

40,773

​

 

38,224

Due after ten years

​

 

31,560

​

 

27,926

​

 

63,636

​

 

56,074

Total investment securities - held to maturity

​

​

98,899

​

​

90,806

​

​

109,399

​

​

99,126

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Available for sale

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Due in one year or less

​

​

—

​

​

—

​

​

—

​

​

—

Due after one through five years

​

 

—

​

 

—

​

 

—

​

 

—

Due after five through ten years

​

 

1,288

​

 

1,307

​

 

1,483

​

 

1,501

Due after ten years

​

 

96

​

 

97

​

 

104

​

 

106

Total investment securities - available for sale

​

​

1,384

​

​

1,404

​

​

1,587

​

​

1,607

Total investment securities

​

$

100,283

​

$

92,210

​

$

110,986

​

$

100,733

​
v3.25.4
Loans Held for Investment
 6 Months Ended
Dec. 31, 2025
Loans Held for Investment  
Loans Held for Investment

Note 5: Loans Held for Investment

Loans held for investment, net of fair value adjustments, consisted of the following:

​

​

​

​

​

​

​

​

​

​

​

December 31, 

​

June 30, 

​

(In Thousands)

​

2025

 

2025

​

Mortgage loans:

 

​

  ​

 

​

  ​

 

Single-family

​

$

553,311

​

$

544,425

​

Multi-family

​

 

408,289

​

 

423,417

​

Commercial real estate

​

 

70,942

​

 

72,766

​

Construction

​

 

812

​

 

402

​

Other

​

 

88

​

 

89

​

Commercial business loans

​

 

22

​

 

1,267

​

Consumer loans

​

 

58

​

 

57

​

Total loans held for investment, gross

​

 

1,033,522

​

 

1,042,423

​

​

​

 

  ​

​

 

​

​

Advance payments of escrows

​

 

196

​

 

293

​

Deferred loan costs, net

​

 

9,571

​

 

9,453

​

ACL on loans

​

 

(5,634)

​

 

(6,424)

​

Total loans held for investment, net

​

$

1,037,655

​

$

1,045,745

​

​

The following table sets forth information at December 31, 2025 regarding the dollar amount of loans held for investment that are contractually repricing during the periods indicated, segregated between adjustable rate loans and fixed rate loans. At both December 31, 2025 and June 30, 2025, fixed rate loans comprised 10 percent of loans held for investment. Adjustable rate loans that reprice when the index they are tied to reprices (e.g. prime rate index) and checking account overdrafts are reported as repricing within one year. The table does not include any estimate of prepayments which may cause the Corporation’s actual repricing experience to differ materially from that shown.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjustable Rate

​

​

​

​

​

​

​

  ​ ​ ​

​

​

  ​ ​ ​

After

  ​ ​ ​

After

  ​ ​ ​

After

  ​ ​ ​

​

​

  ​ ​ ​

​

​

​

​

​

Within

​

One Year

​

3 Years

​

5 Years

​

​

​

​

​

​

(In Thousands)

​

One Year

​

Through 3 Years

​

Through 5 Years

​

Through 10 Years

​

Fixed Rate

​

Total

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

$

51,057

​

$

74,378

​

$

122,473

​

$

200,087

​

$

105,316

​

$

553,311

Multi-family

​

 

220,982

​

 

122,349

​

 

61,380

​

 

3,488

​

 

90

​

 

408,289

Commercial real estate

​

 

27,461

​

 

34,266

​

 

8,849

​

 

—

​

 

366

​

 

70,942

Construction

​

 

812

​

 

—

​

 

—

​

 

—

​

 

—

​

 

812

Other

​

 

—

​

 

—

​

 

—

​

 

—

​

 

88

​

 

88

Commercial business loans

​

 

—

​

 

—

​

 

—

​

 

—

​

 

22

​

 

22

Consumer loans

​

 

58

​

 

—

​

 

—

​

 

—

​

 

—

​

 

58

Total loans held for investment, gross

​

$

300,370

​

$

230,993

​

$

192,702

​

$

203,575

​

$

105,882

​

$

1,033,522

​

The following tables present the Corporation’s commercial real estate loans by property types and loan-to-value ( “LTV”) ratio as of December 31, 2025 and June 30, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Owner

​

​

Non-Owner

​

​

​

% of Total

​

​

Weighted

​

December 31, 2025

​

​

Occupied Loan

​

​

Occupied Loan

​

​

Total

​

Commercial

​

​

Average

​

(Dollars in Thousands)

​

Balance

​

​

Balance

​

​

Balance

Real Estate

​

​

LTV (1)

​

Office

​

$

5,226

​

$

18,537

​

$

23,763

​

33

%  

​

39

%  

Mixed use (2)

​

 

272

​

 

15,410

​

 

15,682

​

22

​

​

34

%  

Retail

​

​

—

​

​

8,333

​

​

8,333

​

12

​

​

33

%  

Warehouse

​

​

1,312

​

​

7,175

​

​

8,487

​

12

​

​

29

%  

Medical/dental office

​

​

2,485

​

​

3,782

​

​

6,267

​

9

​

​

41

%  

Mobile home park

​

​

—

​

​

6,678

​

​

6,678

​

9

​

​

37

%  

Restaurant/fast food

​

​

675

​

​

491

​

​

1,166

​

2

​

​

45

%  

Automotive - non gasoline

​

 

—

​

 

566

​

 

566

 

1

​

 

26

%  

Total commercial real estate

​

$

9,970

​

$

60,972

​

$

70,942

​

100

%  

​

36

%  

​

(1)Current loan balance as a percentage of the original appraised value.
(2)Mixed use includes $6.3 million in Office/Retail, $5.8 million in Multi-family/Retail, $2.4 million in Other Mixed Use, $732 thousand in Multi-family/Commercial and $385 thousand in Multi-family/Office.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Owner

​

​

Non-Owner

​

​

​

% of Total

​

​

Weighted

​

June 30, 2025

​

​

Occupied Loan

​

​

Occupied Loan

​

​

Total

​

Commercial

​

​

Average

​

(Dollars in Thousands)

​

Balance

​

​

Balance

​

​

Balance

Real Estate

​

​

LTV (1)

​

Office

​

$

5,666

​

$

19,895

​

$

25,561

​

35

%  

​

41

%  

Mixed use (2)

​

 

279

​

 

14,330

​

 

14,609

​

20

​

​

33

%  

Retail

​

​

—

​

​

8,001

​

​

8,001

​

11

​

​

31

%  

Warehouse

​

​

1,332

​

​

7,869

​

​

9,201

​

13

​

​

30

%  

Mobile home park

​

​

—

​

​

6,761

​

​

6,761

​

9

​

​

37

%  

Medical/dental office

​

​

2,511

​

​

4,377

​

​

6,888

​

9

​

​

43

%  

Restaurant/fast food

​

​

681

​

​

493

​

​

1,174

​

2

​

​

46

%  

Automotive - non gasoline

​

 

—

​

 

571

​

 

571

 

1

​

 

26

%  

Total commercial real estate

​

$

10,469

​

$

62,297

​

$

72,766

​

100

%  

​

37

%  

​

(1)Current loan balance as a percentage of the original appraised value.
(2)Mixed use includes $6.4 million in Office/Retail, $5.3 million in Multi-family/Retail, $1.6 million in Other Mixed Use, $739 thousand in Multi-family/Commercial and $559 thousand in Multi-family/Office..

​

The following tables present the Corporation’s commercial real estate loans by geographic concentration as of December 31, 2025 and June 30, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Inland

​

Southern

​

Other

​

​

​

​

​

 

December 31, 2025

​

Empire(1)

​

California(2)

​

California

​

Total

 

(Dollars in Thousands)

​

Balance

​

%

​

Balance

​

%

​

Balance

​

%

​

Balance

​

%

 

Owner occupied:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Office

​

$

244

  ​ ​ ​

5

%  

$

4,802

  ​ ​ ​

92

%  

$

180

  ​ ​ ​

3

%  

$

5,226

  ​ ​ ​

100

%  

Mixed use

​

​

—

​

—

%  

​

—

​

—

%  

​

272

​

100

%  

​

272

​

100

%  

Warehouse

​

​

—

​

—

%  

​

945

​

72

%  

​

367

​

28

%  

​

1,312

​

100

%  

Medical/dental office

​

​

267

​

11

%  

​

2,218

​

89

%  

​

—

​

—

%  

​

2,485

​

100

%  

Restaurant/fast food

​

​

—

​

—

%  

​

675

​

100

%  

​

—

​

—

%  

​

675

​

100

%  

Total owner occupied

​

​

511

​

5

%  

​

8,640

​

87

%  

​

819

​

8

%  

​

9,970

​

100

%  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-owner occupied:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Office

​

​

4,248

​

23

%  

​

11,777

​

63

%  

​

2,512

​

14

%  

​

18,537

​

100

%  

Mixed use

​

​

1,023

​

7

%  

​

6,517

​

42

%  

​

7,870

​

51

%  

​

15,410

​

100

%  

Retail

​

​

1,015

​

12

%  

​

3,720

​

45

%  

​

3,598

​

43

%  

​

8,333

​

100

%  

Warehouse

​

​

472

​

7

%  

​

3,911

​

54

%  

​

2,792

​

39

%  

​

7,175

​

100

%  

Mobile home park

​

​

4,694

​

70

%  

​

347

​

5

%  

​

1,637

​

25

%  

​

6,678

​

100

%  

Medical/dental office

​

 

1,220

 

32

%  

 

1,901

 

50

%  

 

661

 

18

%  

 

3,782

 

100

%  

Restaurant/fast food

​

​

—

​

—

%  

​

491

​

100

%  

​

—

​

—

%  

​

491

​

100

%  

Automotive - non gasoline

​

 

—

 

—

%  

 

566

 

100

%  

 

—

 

—

%  

 

566

 

100

%  

Total non-owner occupied

​

​

12,672

​

21

%  

​

29,230

​

48

%  

​

19,070

​

31

%  

​

60,972

​

100

%  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total commercial real estate

​

$

13,183

 

19

%  

$

37,870

 

53

%  

$

19,889

 

28

%  

$

70,942

 

100

%

​

(1)Inland Empire comprised of San Bernardino and Riverside counties.
(2)Other than the Inland Empire.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Inland

​

Southern

​

Other

​

​

​

​

​

 

June 30, 2025

​

Empire(1)

​

California(2)

​

California

​

Total

 

(Dollars in Thousands)

​

Balance

​

%

​

Balance

​

%

​

Balance

​

%

​

Balance

​

%

 

Owner occupied:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Office

​

$

630

​

11

%  

$

4,852

​

86

%  

$

184

​

3

%  

$

5,666

  ​ ​ ​

100

%  

Mixed use

​

​

—

​

—

%  

​

—

​

—

%  

​

279

​

100

%  

​

279

  ​ ​ ​

100

%  

Warehouse

​

​

—

​

—

%  

​

959

​

72

%  

​

373

​

28

%  

​

1,332

  ​ ​ ​

100

%  

Medical/dental office

​

​

271

​

11

%  

​

2,240

​

89

%  

​

—

​

—

%  

​

2,511

  ​ ​ ​

100

%  

Restaurant/fast food

​

​

—

​

—

​

​

681

​

100

%  

​

—

​

—

%  

​

681

​

100

%  

Total owner occupied

​

​

901

​

9

%  

​

8,732

​

83

%  

​

836

​

8

%  

​

10,469

  ​ ​ ​

100

%  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-owner occupied:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Office

​

​

3,837

​

19

%  

​

13,488

​

68

%  

​

2,570

​

13

%  

​

19,895

​

100

%  

Mixed use

​

​

449

​

3

%  

​

6,297

​

44

%  

​

7,584

​

53

%  

​

14,330

​

100

%  

Retail

​

​

1,026

​

13

%  

​

3,296

​

41

%  

​

3,679

​

46

%  

​

8,001

​

100

%  

Warehouse

​

​

1,064

​

13

%  

​

3,992

​

51

%  

​

2,813

​

36

%  

​

7,869

​

100

%  

Mobile home park

​

​

4,754

​

70

%  

​

351

​

5

%  

​

1,656

​

25

%  

​

6,761

​

100

%  

Medical/dental office

​

 

1,713

 

39

%  

 

1,993

 

46

%  

 

671

 

15

%  

 

4,377

 

100

%  

Restaurant/fast food

​

​

—

​

—

%  

​

493

​

100

%  

​

—

​

—

%  

​

493

 

100

%  

Automotive - non gasoline

​

 

—

 

—

%  

 

571

 

100

%  

 

—

 

—

%  

 

571

 

100

%  

Total non-owner occupied

​

​

12,843

​

21

%  

​

30,481

​

49

%  

​

18,973

​

30

%  

​

62,297

​

100

%  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total commercial real estate

​

$

13,744

 

19

%  

$

39,213

 

54

%  

$

19,809

 

27

%  

$

72,766

 

100

%

​

(1)Inland Empire comprised of San Bernardino and Riverside counties.
(2)Other than the Inland Empire.

​

Management continually evaluates the credit quality of the loan portfolio and conducts a quarterly review of the adequacy of the ACL. The two primary components that are used during the loan review process to determine the proper ACL levels are individually evaluated allowances and collectively evaluated allowances. The collectively evaluated allowance is based on a pooling method for groups of homogeneous loans sharing similar loan characteristics to calculate an allowance which reflects an estimate of lifetime expected credit losses using historical experience, current conditions, and reasonable and supportable forecasts. Loans identified to be individually evaluated may have an allowance that is based upon the appraised value of the collateral, less selling costs, or discounted cash flow with an appropriate default factor.

The Corporation adopted an internal risk rating policy which categorizes all loans held for investment into risk categories of pass, special mention, substandard, doubtful or loss based on relevant information about the ability of the borrower to service their debt, such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. A description of the general characteristics of the risk grades with respect to credit quality of each loan is as follows:

●Pass – A pass loan ranges from minimal credit risk to average, but still acceptable, credit risk. The likelihood of loss is considered remote.
●Special Mention - A special mention loan has potential weaknesses that may be temporary or, if left uncorrected, may result in a loss. While concerns exist, the Corporation is currently protected and loss is considered unlikely and not imminent.
●Substandard - A substandard loan is inadequately protected by the current sound worth and paying capacity of the borrower and/or of the collateral pledged, if any. Such loans exhibit one or more well-defined weaknesses that jeopardize the liquidation of the debt. A substandard loan is characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected.
●Doubtful - A doubtful loan has all of the weaknesses inherent in one classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of the currently existing facts, conditions and values, highly questionable and improbable.
●Loss - A loss loan is considered uncollectible and of such little value that continuance as an asset of the Corporation is not warranted.

​

The following table presents the Corporation’s recorded investment in loans by risk categories and gross charge-offs by year of origination as of December 31, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

Term Loans by Year of Origination

​

Revolving

​

​

​

(In Thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

  ​ ​ ​

Prior

  ​ ​ ​

Loans

  ​ ​ ​

Total

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Single-family:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

77,817

​

$

43,555

​

$

48,171

​

$

188,867

​

$

138,365

​

$

56,001

​

$

-

​

$

552,776

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

535

​

​

-

​

​

535

Total single-family

​

​

77,817

​

​

43,555

​

​

48,171

​

​

188,867

​

​

138,365

​

​

56,536

​

​

-

​

​

553,311

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Multi-family:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

31,744

​

​

21,550

​

​

23,237

​

​

67,545

​

​

81,549

​

​

181,182

​

​

-

​

​

406,807

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

461

​

​

1,021

​

​

-

​

​

1,482

Total multi-family

​

​

31,744

​

​

21,550

​

​

23,237

​

​

67,545

​

​

82,010

​

​

182,203

​

​

-

​

​

408,289

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

5,913

​

​

5,033

​

​

12,332

​

​

22,470

​

​

3,828

​

​

21,366

​

​

-

​

​

70,942

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total commercial real estate

​

​

5,913

​

​

5,033

​

​

12,332

​

​

22,470

​

​

3,828

​

​

21,366

​

​

-

​

​

70,942

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Construction:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

606

​

​

206

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

812

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total construction

​

​

606

​

​

206

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

812

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

88

​

​

-

​

​

88

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total other

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

88

​

​

-

​

​

88

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial business loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

22

​

​

22

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total commercial business loans

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

22

​

​

22

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Consumer loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Not graded

​

​

15

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

15

Pass

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

43

​

​

43

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total consumer loans

​

​

15

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

43

​

​

58

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total loans held for investment, gross

​

$

116,095

​

$

70,344

​

$

83,740

​

$

278,882

​

$

224,203

​

$

260,193

​

$

65

​

$

1,033,522

Total current period gross charge-offs

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

The following table presents the Corporation’s recorded investment in loans by risk categories by year of origination as of June 30, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2025

​

Term Loans by Year of Origination

​

Revolving

​

​

​

(In Thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

  ​ ​ ​

Prior

  ​ ​ ​

Loans

  ​ ​ ​

Total

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Single-family:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

39,385

​

$

55,276

​

$

52,083

​

$

194,501

​

$

141,614

​

$

60,282

​

$

5

​

$

543,146

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

62

​

​

-

​

​

62

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

1,217

​

​

-

​

​

1,217

Total single-family

​

​

39,385

​

​

55,276

​

​

52,083

​

​

194,501

​

​

141,614

​

​

61,561

​

​

5

​

​

544,425

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Multi-family:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

13,412

​

​

21,687

​

​

27,255

​

​

73,495

​

​

83,224

​

​

201,660

​

​

-

​

​

420,733

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

467

​

​

2,217

​

​

-

​

​

2,684

Total multi-family

​

​

13,412

​

​

21,687

​

​

27,255

​

​

73,495

​

​

83,691

​

​

203,877

​

​

-

​

​

423,417

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

2,149

​

​

5,429

​

​

12,609

​

​

22,750

​

​

3,889

​

​

24,936

​

​

-

​

​

71,762

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

1,004

​

​

-

​

​

1,004

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total commercial real estate

​

​

2,149

​

​

5,429

​

​

12,609

​

​

22,750

​

​

3,889

​

​

25,940

​

​

-

​

​

72,766

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Construction:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

196

​

​

206

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

402

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total construction

​

​

196

​

​

206

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

402

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

89

​

​

-

​

​

89

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total other

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

89

​

​

-

​

​

89

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial business loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

1,267

​

​

1,267

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total commercial business loans

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

1,267

​

​

1,267

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Consumer loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Not graded

​

​

17

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

17

Pass

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

40

​

​

40

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total consumer loans

​

​

17

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

40

​

​

57

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total loans held for investment, gross

​

$

55,159

​

$

82,598

​

$

91,947

​

$

290,746

​

$

229,194

​

$

291,467

​

$

1,312

​

$

1,042,423

Total current period gross charge-offs

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

​

Under ASC 326, the ACL is a valuation account that is deducted from the related loans’ amortized cost basis to present the net amount expected to be collected on the loans. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. The Corporation’s ACL is calculated quarterly, with any difference between the calculated ACL and the recorded ACL recognized through an adjustment to the provision for (or recovery of) credit losses. Management estimates the quantitative portion of the collectively evaluated allowance for all loan categories using an average charge-off or loss rate methodology, and generally evaluates collectively evaluated loans by Call Report code to group and determine portfolio loan segments with similar risk characteristics. The Corporation primarily utilizes historical loss rates for the ACL calculation based on its own specific historical loss experience and, where appropriate,  incorporates peer loss history to supplement its data set.

​

The expected loss rates are applied to expected monthly loan balances estimated through the consideration of contractual repayment terms and expected prepayments. The prepayment assumptions applied to expected cash flow over the contractual life of the loans are estimated based on historical and bank-specific experience and the consideration of current and expected conditions and circumstances including the level of interest rates. The prepayment assumptions may be updated by management in the event that changing conditions impact management’s estimate or additional historical data gathered has resulted in the need for a reevaluation.

​

For its reasonable and supportable forecasting of current expected credit losses, the Corporation utilizes a regression model using forecasted economic metrics and historical loss data. The regression model utilized upon implementation of ASC 326 and as of December 31, 2025 and June 30, 2025, is based on reasonable and supportable 12-month forecasts of the National Unemployment Rate and the change in the Real Gross Domestic Product, after which it reverts to a historical loss rate. Management selected the National Unemployment Rate and the Real Gross Domestic Product as the drivers of the forward looking component of the collectively evaluated allowance, primarily as a result of high correlation coefficients identified in regression modeling, the availability of forecasts (including the quarterly Federal Open Market Committee forecast), and the widespread familiarity of these economic metrics.

​

Management recognizes that there are additional factors impacting risk of loss in the loan portfolio beyond what is captured in the quantitative portion of the allowance on collectively evaluated loans. As current and expected conditions may vary compared with conditions over the historical lookback period, which is utilized in the calculation of the quantitative allowance, management considers whether additional or reduced allowance levels on collectively evaluated loans may be warranted, given the consideration of a variety of qualitative factors. The following qualitative factors (“Q-factors”) considered by management reflect the regulatory guidance on the Q-factors:

​

●Changes in the experience, ability, and depth of lending management and other relevant staff.
●Changes in the value of underlying collateral for collateral-dependent loans.
●The existence and effect of any concentrations of credit, and changes in the level of such concentrations.
●Changes in international, national, regional, and local economic and business conditions and developments that affect the collectability of the portfolio, including the condition of various market segments.
●The effect of other external factors such as competition and legal and regulatory requirements on the level of estimated credit losses in the institution's existing portfolio.
●Changes in the volume and severity of past due loans, the volume of non-performing loans, and the volume and severity of adversely classified or graded loans.
●Changes in the quality of the Corporation’s loan review system.
●Changes in the nature, volume and terms of loans in the portfolio.
●Changes in lending policies and procedures, including changes in underwriting standards and collection, charge-off, and recovery practices not considered elsewhere in estimating credit losses.

 

The qualitative portion of the Corporation’s allowance for collectively evaluated loans is determined based on management’s judgment in assessing the risk levels associated with each of the Q-factors presented above. The amount of qualitative allowance reflects management’s evaluation of the relative weighting assigned to each Q-factor and its estimated impact on credit losses.

 

Loans that do not share similar risk characteristics are evaluated on an individual basis. When management determines that foreclosure is probable or the borrower is experiencing financial difficulty, the expected credit losses are based on the fair value of collateral at the reporting date, less selling costs.

​

Accrued interest receivable for loans is included in accrued interest receivable in the Condensed Consolidated Statements of Financial Condition. The Corporation elected not to measure an allowance for accrued interest receivable and instead elected to reverse accrued interest income on loans that are placed on non-performing status. Generally, a loan is placed on non-performing status when it becomes 90 days past due as to principal or interest, or after considering economic and business conditions and collection efforts, where the borrower’s financial condition is such that collection of the contractual principal or interest on the loan is doubtful. The Corporation believes this policy results in the timely reversal of potentially uncollectible interest.

​

Pursuant to ASU 2022-02, “Troubled Debt Restructurings and Vintage Disclosures,” the Corporation may agree to different types of modifications, including principal forgiveness, interest rate reductions, term extension, significant payment delay or any combination of the modifications noted above. During the quarters and six months ended December 31, 2025 and 2024, there were no loan modifications to borrowers experiencing financial difficulties.

​

Management believes the ACL on loans held for investment is maintained at a level sufficient to provide for expected losses on the Corporation’s loans held for investment based on historical loss experience, current conditions, and reasonable and supportable forecasts. The provision for (recovery of) credit losses is charged (credited) against operations on a quarterly basis, as necessary, to maintain the ACL at appropriate levels. Future adjustments to the ACL may be necessary and results of operations could be significantly and adversely affected as a result of economic, operating, regulatory, and other conditions beyond the Corporation’s control.

Non-performing loans are charged-off to their fair market values in the period the loans, or portions thereof, are deemed uncollectible. This generally occurs after the loan becomes 150 days delinquent for real estate secured first trust deed loans and 120 days delinquent for commercial business or real estate secured second trust deed loans. For loans that were previously modified from their original terms, re-underwritten and identified as modified loans, the charge-off occurs when the loan becomes 90 days delinquent. In cases where borrowers file bankruptcy, the charge-off occurs when the loan becomes 60 days delinquent. The amount of the charge-off is determined by comparing the loan balance to the estimated fair value of the underlying collateral, less disposition costs, with the loan balance in excess of the estimated fair value charged-off against the ACL. For modified loans that are less than 90 days delinquent, the ACL is segregated into: (a) individually evaluated allowances for those loans with applicable discounted cash flow calculations still in their modification period, classified lower than pass, and containing an embedded loss component; or (b) collectively evaluated allowances based on the aggregated pooling method. For non-performing loans less than 60 days delinquent where the borrower has filed bankruptcy, the collectively evaluated allowances are assigned based on the aggregated pooling method. For non-performing commercial real estate loans, an individually evaluated allowance is derived based on the loan's discounted cash flow fair value (for modified loans) or collateral fair value less estimated selling costs and if the fair value is higher than the loan balance, no allowance is required. A non-performing loan may be restored to accrual status when delinquent principal and interest payments are brought current, the borrower(s) has demonstrated sustained payment performance (generally six consecutive payments) and future monthly principal and interest payments are expected to be collected on a timely basis.

The following table discloses additional details for the periods indicated on the Corporation’s ACL on loans held for investment:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Quarter Ended 

  ​ ​ ​

For the Six Months Ended

 

​

​

December 31, 

​

December 31, 

 

(Dollars in Thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ACL, beginning of period

​

$

5,780

​

$

6,329

​

$

6,424

​

$

7,065

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Recovery of) provision for credit losses

​

 

(146)

​

 

627

​

 

(790)

​

 

(109)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total recoveries

​

 

—

​

 

—

​

 

—

​

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total charge-offs

​

 

—

​

 

—

​

 

—

​

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net recoveries (charge-offs)

​

 

—

​

 

—

​

 

—

​

 

—

​

ACL, end of period

​

$

5,634

​

$

6,956

​

$

5,634

​

$

6,956

  ​ ​ ​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ACL on loans as a percentage of gross loans held for investment

​

 

0.55

%  

 

0.66

%  

 

0.55

%  

 

0.66

%

Net (recoveries) charge-offs as a percentage of average loans receivable, net, during the period (annualized)

​

 

—

%  

 

—

%  

 

—

%  

 

—

%  

ACL on loans as a percentage of gross non-performing loans at the end of the period

​

​

565.66

%  

​

269.40

%  

​

565.66

%  

​

269.40

%  

​

​

The following tables denote the past due status of the Corporation's loans held for investment, including interest applied to principal, at the dates indicated.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

​

​

​

​

30-89 Days Past

​

​

​

​

Total Loans Held for

(In Thousands)

  ​ ​ ​

Current

  ​ ​ ​

Due

  ​ ​ ​

Non-Accrual(1)

  ​ ​ ​

Investment

​

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

$

552,776

​

$

—

​

$

535

​

$

553,311

Multi-family

​

 

407,828

​

 

—

​

 

461

​

 

408,289

Commercial real estate

​

 

70,942

​

 

—

​

 

—

​

 

70,942

Construction

​

 

812

​

 

—

​

 

—

​

 

812

Other

​

 

88

​

 

—

​

 

—

​

 

88

Commercial business loans

​

 

22

​

 

—

​

 

—

​

 

22

Consumer loans

​

 

57

​

 

1

​

 

—

​

 

58

Total loans held for investment

​

$

1,032,525

​

$

1

​

$

996

​

$

1,033,522

​

(1)All loans 90 days or greater past due are placed on non-accrual status.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2025

​

  ​ ​ ​

​

​

  ​ ​ ​

30-89 Days Past

  ​ ​ ​

​

​

  ​ ​ ​

Total Loans Held for

(In Thousands)

​

Current

​

Due

​

Non-Accrual(1)

​

Investment

​

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

$

543,496

​

$

—

​

$

929

​

$

544,425

Multi-family

​

 

422,951

​

 

—

​

 

466

​

 

423,417

Commercial real estate

​

 

72,766

​

 

—

​

 

—

​

 

72,766

Construction

​

 

402

​

 

—

​

 

—

​

 

402

Other

​

​

89

​

 

—

​

 

—

​

 

89

Commercial business loans

​

 

1,267

​

 

—

​

 

—

​

 

1,267

Consumer loans

​

 

55

​

 

2

​

 

—

​

 

57

Total loans held for investment

​

$

1,041,026

​

$

2

​

$

1,395

​

$

1,042,423

​

(1)All loans 90 days or greater past due are placed on non-accrual status.

​

The following tables summarize the Corporation’s ACL and recorded investment in gross loans, by portfolio type, at the dates and for the periods indicated.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Quarter Ended December 31, 2025

 

​

​

Single- 

​

Multi- 

​

Commercial 

​

​

​

​

​

​

​

Commercial 

​

​

​

​

​

​

​

(Dollars In Thousands)

 

family

 

family

 

Real Estate

​

Construction

​

Other

 

Business

​

Consumer

​

Total

​

ACL:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

ACL, beginning of period

​

$

5,126

​

$

584

​

$

53

​

$

12

​

$

1

​

$

4

​

$

—

​

$

5,780

​

(Recovery of) provision for credit losses

​

​

(92)

​

​

(55)

​

​

(2)

​

​

7

​

​

—

​

​

(4)

​

​

—

​

​

(146)

​

Recoveries

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

Charge-offs

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

ACL, end of period

​

$

5,034

​

$

529

​

$

51

​

$

19

​

$

1

​

$

—

​

$

—

​

$

5,634

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ACL:

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

Individually evaluated for impairment

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

Collectively evaluated for impairment

​

 

5,034

​

 

529

​

 

51

​

 

19

​

 

1

​

 

—

​

 

—

​

 

5,634

​

ACL, end of period

​

$

5,034

​

$

529

​

$

51

​

$

19

​

$

1

​

$

—

​

$

—

​

$

5,634

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment:

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

Individually evaluated for impairment

​

$

—

​

$

461

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

461

​

Collectively evaluated for impairment

​

 

553,311

​

 

407,828

​

 

70,942

​

 

812

​

 

88

​

 

22

​

 

58

​

 

1,033,061

​

Total loans held for investment, gross

​

$

553,311

​

$

408,289

​

$

70,942

​

$

812

​

$

88

​

$

22

​

$

58

​

$

1,033,522

​

ACL on loans as a percentage of gross loans held for investment

​

 

0.91

%  

 

0.13

%  

 

0.07

%  

 

2.34

%  

 

1.14

%  

 

—

%  

 

—

%  

 

0.55

%  

Net (recoveries) charge-offs to average loans receivable, net during the period

​

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Quarter Ended December 31, 2024

​

​

​

Single- 

​

Multi- 

​

Commercial 

​

​

​

​

​

​

​

Commercial 

​

​

​

​

​

​

​

(Dollars In Thousands)

 

family

 

family

 

Real Estate

​

Construction

 

​

Other

Business

​

Consumer

​

Total

​

ACL:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

​

​

​

  ​

 

​

  ​

 

​

  ​

 

ACL, beginning of period

​

$

5,679

​

$

503

​

$

58

​

$

78

​

$

1

​

$

10

​

$

—

​

$

6,329

​

Provision for (recovery of) credit losses

​

 

582

​

 

46

​

 

1

​

 

(30)

​

 

1

​

 

27

​

 

—

​

 

627

​

Recoveries

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

Charge-offs

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

ACL, end of period

​

$

6,261

​

$

549

​

$

59

​

$

48

​

$

2

​

$

37

​

$

—

​

$

6,956

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ACL:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

Individually evaluated for impairment

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

Collectively evaluated for impairment

​

 

6,261

​

 

549

​

 

59

​

 

48

​

 

2

​

 

37

​

 

—

​

 

6,956

​

ACL, end of period

​

$

6,261

​

$

549

​

$

59

​

$

48

​

$

2

​

$

37

​

$

—

​

$

6,956

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

Individually evaluated for impairment

​

$

742

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

742

​

Collectively evaluated for impairment

​

 

532,398

​

 

433,724

​

 

77,984

​

 

1,480

​

 

90

​

 

4,371

​

 

59

​

 

1,050,106

​

Total loans held for investment, gross

​

$

533,140

​

$

433,724

​

$

77,984

​

$

1,480

​

$

90

​

$

4,371

​

$

59

​

$

1,050,848

​

ACL on loans as a percentage of gross loans held for investment

​

 

1.17

%  

 

0.13

%  

 

0.08

%  

 

3.24

%  

 

2.22

%  

 

0.85

%  

 

—

%  

 

0.66

%  

Net (recoveries) charge-offs to average loans receivable, net during the period

​

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended December 31, 2025

 

​

​

​

​

​

​

​

​

Commercial

​

​

​

​

​

​

​

Commercial

​

​

​

​

​

​

​

(Dollars In Thousands)

  ​ ​ ​

Single-family

  ​ ​ ​

Multi-family

  ​ ​ ​

Real Estate

  ​ ​ ​

Construction

  ​ ​ ​

Other

  ​ ​ ​

Business

  ​ ​ ​

Consumer

  ​ ​ ​

Total

 

ACL:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

ACL, beginning of period

​

$

5,734

​

$

615

​

$

55

​

$

12

​

$

2

​

$

6

​

$

—

​

$

6,424

​

(Recovery of) provision for credit losses

​

​

(700)

​

​

(86)

​

​

(4)

​

​

7

​

​

(1)

​

​

(6)

​

​

—

​

​

(790)

​

Recoveries

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

Charge-offs

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

ACL, end of period

​

$

5,034

​

$

529

​

$

51

​

$

19

​

$

1

​

$

—

​

$

—

​

$

5,634

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ACL:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Individually evaluated for impairment

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

Collectively evaluated for impairment

​

 

5,034

​

 

529

​

 

51

​

 

19

​

 

1

​

 

—

​

 

—

​

 

5,634

​

ACL, end of period

​

$

5,034

​

$

529

​

$

51

​

$

19

​

$

1

​

$

—

​

$

—

​

$

5,634

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Individually evaluated for impairment

​

$

—

​

$

461

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

461

​

Collectively evaluated for impairment

​

 

553,311

​

 

407,828

​

 

70,942

​

 

812

​

 

88

​

 

22

​

 

58

​

 

1,033,061

​

Total loans held for investment, gross

​

$

553,311

​

$

408,289

​

$

70,942

​

$

812

​

$

88

​

$

22

​

$

58

​

$

1,033,522

​

ACL on loans as a percentage of gross loans held for investment

​

 

0.91

%  

 

0.13

%  

 

0.07

%  

 

2.34

%  

 

1.14

%  

 

—

%  

 

—

%  

 

0.55

%

Net (recoveries) charge-offs to average loans receivable, net during the period

​

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended December 31, 2024

 

​

​

​

​

​

​

​

​

Commercial

​

​

​

​

​

​

​

Commercial

​

​

​

​

​

​

​

(Dollars In Thousands)

  ​ ​ ​

Single-family

  ​ ​ ​

Multi-family

  ​ ​ ​

Real Estate

  ​ ​ ​

Construction

  ​ ​ ​

Other

  ​ ​ ​

Business

  ​ ​ ​

Consumer

  ​ ​ ​

Total

 

ACL:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

ACL, beginning of period

​

$

6,295

​

$

595

​

$

66

​

$

97

​

$

1

​

$

11

​

$

—

​

$

7,065

​

(Recovery of) provision for credit losses

​

 

(34)

​

 

(46)

​

 

(7)

​

 

(49)

​

 

1

​

 

26

​

 

—

​

 

(109)

​

Recoveries

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

Charge-offs

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

ACL, end of period

​

$

6,261

​

$

549

​

$

59

​

$

48

​

$

2

​

$

37

​

$

—

​

$

6,956

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ACL:

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Individually evaluated for impairment

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

Collectively evaluated for impairment

​

 

6,261

​

 

549

​

 

59

​

 

48

​

 

2

​

 

37

​

 

—

​

 

6,956

​

ACL, end of period

​

$

6,261

​

$

549

​

$

59

​

$

48

​

$

2

​

$

37

​

$

—

​

$

6,956

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment:

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Individually evaluated for impairment

​

$

742

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

742

​

Collectively evaluated for impairment

​

 

532,398

​

 

433,724

​

 

77,984

​

 

1,480

​

 

90

​

 

4,371

​

 

59

​

 

1,050,106

​

Total loans held for investment, gross

​

$

533,140

​

$

433,724

​

$

77,984

​

$

1,480

​

$

90

​

$

4,371

​

$

59

​

$

1,050,848

​

ACL on loans as a percentage of gross loans held for investment

​

 

1.17

%  

 

0.13

%  

 

0.08

%  

 

3.24

%  

 

2.22

%  

 

0.85

%  

 

—

%  

 

0.66

%

Net (recoveries) charge-offs to average loans receivable, net during the period

​

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%

​

The following tables identify the Corporation’s total recorded investment in non-performing loans, gross by type at the dates and for the periods indicated. Generally, a loan is placed on non-performing status when it becomes 90 days past due as to principal or interest or after considering economic and business conditions and collection efforts, where the borrower’s financial condition is such that collection of the contractual principal or interest on the loan is doubtful. In addition, interest income is not recognized on any loan where management has determined that collection is not reasonably assured. A non-performing loan may be restored to accrual status when delinquent principal and interest payments are brought current, the borrower(s) has demonstrated sustained payment performance (generally six consecutive payments) and future monthly principal and interest payments are expected to be collected on a timely basis. Loans with a related allowance have been (a) collectively evaluated using a pooling method analysis or (b) individually evaluated using either a discounted cash flow analysis or, for collateral dependent loans, current appraisals less costs to sell, to establish realizable value. This analysis may identify a specific allowance amount needed or may conclude that no allowance is needed.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At December 31, 2025

​

​

Unpaid

​

​

​

​

​

​

​

Net

​

​

Principal

​

Related

​

Recorded

​

​

​

Recorded

(In Thousands)

  ​ ​ ​

Balance

  ​ ​ ​

Charge-offs

  ​ ​ ​

Investment

  ​ ​ ​

ACL(1)

  ​ ​ ​

Investment

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Single-family:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

With a related allowance

​

$

535

​

$

—

​

$

535

​

$

(6)

​

$

529

Without a related allowance(2)

​

 

25

​

 

(25)

​

 

—

​

 

—

​

 

—

Total single-family loans

​

 

560

​

 

(25)

​

 

535

​

 

(6)

​

 

529

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Multi-family:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Without a related allowance(2)

​

​

461

​

​

—

​

​

461

​

​

—

​

​

461

Total multi-family loans

​

 

461

​

 

—

​

 

461

​

 

—

​

 

461

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total non-performing loans

​

$

1,021

​

$

(25)

​

$

996

​

$

(6)

​

$

990

​

(1)ACL, specifically assigned to the individual loan.
(2)There was no related ACL because the loans were charged-off to their fair value or the fair value of the collateral was higher than the loan balance.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At June 30, 2025

​

​

Unpaid

​

Related

​

​

​

​

​

Net

​

​

Principal

​

Charge-offs

​

Recorded

​

​

​

Recorded

(In Thousands)

  ​ ​ ​

Balance

  ​ ​ ​

Related

  ​ ​ ​

Investment

  ​ ​ ​

ACL(1)

  ​ ​ ​

Investment

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage loans:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Single-family:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

With a related allowance

​

$

560

​

$

—

​

$

560

​

$

(7)

​

$

553

Without a related allowance(2)

​

 

420

​

 

(25)

​

 

395

​

 

—

​

 

395

Total single-family loans

​

 

980

​

 

(25)

​

 

955

​

 

(7)

​

 

948

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Multi-family:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Without a related allowance(2)

​

​

466

​

​

—

​

​

466

​

​

—

​

​

466

Total multi-family loans

​

 

466

​

 

—

​

 

466

​

 

—

​

 

466

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total non-performing loans

​

$

1,446

​

$

(25)

​

$

1,421

​

$

(7)

​

$

1,414

​

(1)ACL specifically assigned to the individual loan.
(2)There was no related ACL because the loans were charged-off to their fair value or the fair value of the collateral was higher than the loan balance.

​

At December 31, 2025, there were no commitments to lend additional funds to those borrowers whose loans were classified as non-performing.

For the quarters ended December 31, 2025 and 2024, the Corporation’s average recorded investment in non-performing loans was $946,000 and $2.4 million, respectively. The Corporation records payments on non-performing loans utilizing

the cash basis or cost recovery method of accounting during the periods when the loans are on non-performing status. For the quarters ended December 31, 2025 and 2024, the Bank received $34,000 and $19,000, respectively, in interest payments from non-performing loans, all of which was recognized as interest income for those periods. None of these payments were applied to reduce the loan balances under the cost recovery method.

​

For the six months ended December 31, 2025 and 2024, the Corporation’s average recorded investment in non-performing loans was $1.2 million and $2.4 million, respectively. For the six months ended December 31, 2025 and 2024, the Bank received $58,000 and $58,000, respectively, in interest payments from non-performing loans, all of which was recognized as interest income for those periods. None of these payments were applied to reduce the loan balances under the cost recovery method.

​

The following tables present the average recorded investment in non-performing loans and the related interest income recognized for the quarters and six months ended December 31, 2025 and 2024:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarter Ended December 31, 

​

​

2025

​

2024

​

​

​

Average

​

Interest

​

Average

​

Interest

​

​

​

Recorded

​

Income

​

Recorded

​

Income

(In Thousands)

  ​ ​ ​

​

Investment

  ​ ​ ​

Recognized

  ​ ​ ​

Investment

  ​ ​ ​

Recognized

Without related ACL:

 

​

​

 

​

​

 

​

​

 

​

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

$

63

​

$

2

​

$

743

 

$

1

Multi-family

​

​

462

​

​

16

​

​

—

​

​

—

​

 

 

525

​

 

18

​

 

743

 

 

1

​

​

​

​

​

​

​

​

​

​

​

​

​

With related ACL:

 

 

​

​

 

​

​

 

​

 

 

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

 

421

​

 

16

​

 

1,688

 

 

18

​

 

 

421

​

 

16

​

 

1,688

 

 

18

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

​

$

946

​

$

34

​

$

2,431

 

$

19

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended December 31, 

​

​

2025

​

2024

​

​

​

Average

​

Interest

​

Average

​

Interest

​

​

​

Recorded

​

Income

​

Recorded

​

Income

(In Thousands)

  ​ ​ ​

​

Investment

  ​ ​ ​

Recognized

  ​ ​ ​

Investment

  ​ ​ ​

Recognized

Without related ACL:

 

​

​

 

​

​

 

​

​

 

​

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

$

129

​

$

11

​

$

795

 

$

6

Multi-family

​

​

606

​

 

24

​

 

—

 

​

—

​

 

​

735

​

 

35

​

 

795

 

​

6

​

​

​

​

​

​

​

​

​

​

​

​

​

With related ACL:

 

​

​

​

 

​

​

 

​

 

​

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

​

463

​

 

23

​

 

1,633

 

​

52

​

 

​

463

​

 

23

​

 

1,633

 

​

52

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

​

$

1,198

​

$

58

​

$

2,428

 

$

58

​

​

During the quarters and six months ended December 31, 2025 and 2024, no properties were acquired in the settlement of loans and no previously foreclosed properties were sold. A new appraisal is obtained for each property at the time of

foreclosure, and fair value is derived by using the lower of the appraised value or the listing price of the property, net of estimated selling costs. Any initial loss upon repossession is recorded as a charge to the ACL prior to transferring the asset to real estate owned. Subsequent to transfer to real estate owned, if there is further deterioration in the property’s value, specific real estate owned loss reserves are established and charged to the Condensed Consolidated Statements of Operations. In addition, the Corporation records costs to carry real estate owned as real estate owned operating expenses as incurred. As of both December 31, 2025 and June 30, 2025, the Corporation held no real estate owned property.

​

The Bank adjusts the reserve for unfunded loan commitments through the provision for (recovery of) credit losses.

​

The following table provides information regarding the unfunded loan commitment reserve for the quarters and six months ended December 31, 2025 and 2024.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Quarter Ended

​

For the Six Months Ended

​

​

December 31, 

​

December 31, 

(In Thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

Balance, beginning of the period

​

$

50

​

$

96

​

$

32

​

$

57

(Recovery of) provision for credit losses

​

​

(12)

​

​

(41)

​

​

6

​

​

(2)

Balance, end of the period

​

$

38

​

$

55

​

$

38

​

$

55

​

The method for calculating the unfunded loan commitment reserve is based on a historical funding rate applied to the undisbursed loan amount to estimate an average outstanding amount during the life of the loan commitment. The Corporation applies the same assumptions and methodologies by loan groupings to these unfunded loan commitments as it does for its funded loans held for investment to determine the reserve rate and the allowance. Assumptions are evaluated by management periodically as part of its procedures. The unfunded loan commitment reserve is recorded in accounts payable, accrued interest and other liabilities on the Condensed Consolidated Statements of Financial Condition.
v3.25.4
Derivative and Other Financial Instruments with Off-Balance Sheet Risks
 6 Months Ended
Dec. 31, 2025
Derivative and Other Financial Instruments with Off-Balance Sheet Risks  
Derivative and Other Financial Instruments with Off-Balance Sheet Risks

Note 6: Derivative and Other Financial Instruments with Off-Balance Sheet Risks

The Corporation is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit in the form of originating loans or providing funds under existing lines of credit, loan sale commitments to third parties and option contracts. These instruments involve, to varying degrees, elements of credit and interest-rate risk in excess of the amount recognized in the accompanying Condensed Consolidated Statements of Financial Condition. The Corporation’s exposure to credit loss, in the event of non-performance by the counterparty to these financial instruments, is represented by the contractual amount of these instruments. The Corporation uses the same credit policies in entering into financial instruments with off-balance sheet risk as it does for on-balance sheet instruments. As of December 31, 2025 and June 30, 2025, the Corporation had commitments to extend credit on loans to be held for investment of $10.1 million and $6.1 million, respectively.

The following table provides information regarding unfunded loan commitments, which are comprised of undisbursed loan funds, undisbursed funds to borrowers on existing lines of credit with the Corporation and commitments to originate loans to be held for investment at the dates indicated below.

​

​

​

​

​

​

​

​

​

  ​ ​ ​

​

​

​

​

​

  ​ ​ ​

Commitments

​

December 31, 2025

​

June 30, 2025

​

(In Thousands)

 

​

  ​

 

​

  ​

 

Undisbursed loan funds – Construction loans

​

$

119

​

$

529

​

Undisbursed loan funds – Single-family loans(1)

​

​

—

​

​

53

​

Undisbursed lines of credit - Mortgage loans

​

​

—

​

​

8

​

Undisbursed lines of credit – Commercial business loans

​

 

953

​

 

2,208

​

Undisbursed lines of credit – Consumer loans

​

 

302

​

 

320

​

Commitments to extend credit on loans to be held for investment

​

 

10,087

​

 

6,061

​

Total

​

$

11,461

​

$

9,179

​

​

(1)Consists of undisbursed loan funds of previously reported construction loans that were converted to single-family loans based on their contractual terms.

​

In accordance with ASC 815, “Derivatives and Hedging,” and interpretations of the Derivatives Implementation Group of the FASB, the fair value of the commitments to extend credit on loans to be held for sale, loan sale commitments, to be announced MBS trades, put option contracts and call option contracts are recorded at fair value on the Condensed Consolidated Statements of Financial Condition. The Corporation does not apply hedge accounting to its derivative financial instruments; therefore, all changes in fair value are recorded in earnings. As of December 31, 2025 and June 30, 2025, there were no outstanding derivative financial instruments.

Loans previously sold to the FHLB – San Francisco under the Mortgage Partnership Finance (“MPF”) program have a recourse liability. The FHLB – San Francisco absorbs the first four basis points of loss by establishing a first loss account and a credit scoring process is used to calculate the maximum recourse amount for the Bank. All losses above the Bank’s maximum recourse amount are the responsibility of the FHLB – San Francisco. The FHLB – San Francisco pays the Bank a credit enhancement fee monthly to compensate the Bank for accepting the recourse obligation. As of December 31, 2025 and June 30, 2025, the Bank serviced $2.4 million and $2.6 million of loans under this program, respectively, and recorded a recourse liability of $6,000 at both dates.

Occasionally, the Bank is required to repurchase loans sold to Freddie Mac, Fannie Mae or other investors if it is determined that such loans do not meet the investor’s credit requirements, if any party involved in the loan misrepresented pertinent facts, committed fraud, or if the loans became 90-days past due within 120 days of the loan funding date. During the quarters and six months ended December 31, 2025 and 2024, the Bank did not repurchase any loans or settle any repurchase requests. In addition to the specific recourse liability for the MPF program, the Bank established a recourse liability of $17,000 as of both December 31, 2025 and June 30, 2025 for loans sold to other investors.

The following table shows the summary of the recourse liability for the quarters and six months ended December 31, 2025 and 2024:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Quarter Ended 

  ​ ​ ​

For the Six Months Ended

​

​

December 31, 

​

December 31, 

Recourse Liability

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

(In Thousands)

​

​

​

​

​

​

​

​

​

​

​

​

Balance, beginning of the period

​

$

23

​

$

23

​

$

23

​

$

26

Recovery for recourse liability

​

 

—

​

 

—

​

 

—

​

 

(3)

Net settlements in lieu of loan repurchases

​

 

—

​

 

—

​

 

—

​

 

—

Balance, end of the period

​

$

23

​

$

23

​

$

23

​

$

23

​
v3.25.4
Fair Value of Financial Instruments
 6 Months Ended
Dec. 31, 2025
Fair Value of Financial Instruments  
Fair Value of Financial Instruments

Note 7: Fair Value of Financial Instruments

The Corporation adopted ASC 820, “Fair Value Measurements and Disclosures,” and elected the fair value option pursuant to ASC 825, “Financial Instruments.” ASC 820 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 825 permits entities to elect to measure many financial instruments and certain other assets and liabilities at fair value on an instrument-by-instrument basis (the fair value option) at specified election dates. The Corporation elected the fair value option on loans held for investment which were previously originated for sale and other equity investments. At each subsequent reporting date, an entity is required to report unrealized gains and losses on items in earnings for which the fair value option has been elected. The objective of the fair value option is to improve financial reporting by providing entities with the opportunity to mitigate volatility in reported earnings caused by measuring related assets and liabilities differently without having to apply complex hedge accounting provisions.

The following table presents, as of the dates indicated, the difference between the fair value and the unpaid principal balance of loans held for investment and the base cost of other equity investments for which the Corporation has elected the fair value option:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net

​

​

​

​

Unpaid Principal

​

Unrealized

(In Thousands)

  ​ ​ ​

Fair Value

  ​ ​ ​

or Base Cost

  ​ ​ ​

(Loss) Gain

As of December 31, 2025:

​

​

​

​

​

​

​

​

​

Loans held for investment, at fair value

​

$

1,006

​

$

1,136

​

$

(130)

Other equity investments, at fair value

​

$

721

​

$

—

​

$

721

​

​

​

​

​

​

​

​

​

​

As of June 30, 2025:

​

 

  ​

​

 

  ​

​

 

  ​

Loans held for investment, at fair value

​

$

1,018

​

$

1,158

​

$

(140)

Other equity investments, at fair value

​

$

730

​

$

—

​

$

730

​

ASC 820 establishes a three-level valuation hierarchy that prioritizes inputs to valuation techniques used in fair value calculations. The three levels of inputs are defined as follows:

Level 1

-

Unadjusted quoted prices in active markets for identical assets or liabilities that the Corporation has the ability to access at the measurement date.

Level 2

-

Observable inputs other than Level 1 such as: quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated to observable market data for substantially the full term of the asset or liability. Valuation techniques may include the use of discounted cash flow models and similar techniques.

Level 3

-

Unobservable inputs for the assets or liabilities that use significant assumptions, including assumptions of risks. These unobservable assumptions reflect the Corporation’s estimate of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of pricing models, discounted cash flow models and similar techniques.

​

ASC 820 requires the Corporation to maximize the use of observable inputs and minimize the use of unobservable inputs. If a financial instrument uses inputs that fall in different levels of the hierarchy, the instrument will be categorized based upon the lowest level of input that is significant to the fair value calculation.

​

The Corporation’s financial assets and liabilities measured at fair value on a recurring basis consist of investment securities available for sale, loans held for investment at fair value, other equity investments and interest-only strips; while loans with individually evaluated allowances and mortgage servicing assets (“MSA”) are measured at fair value on a nonrecurring basis.

​

Investment securities - available for sale are primarily comprised of U.S. government agency MBS, U.S. government sponsored enterprise MBS and private issue CMO. The Corporation utilizes quoted prices in active markets for similar securities for its fair value measurement of MBS (Level 2) and broker price indications for similar securities in non-active markets for its fair value measurement of the private issue CMO (Level 3).

​

Loans held for investment at fair value are primarily single-family loans which have been transferred from loans held for sale. The fair value is determined by management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan (Level 3).

​

Loans with individually evaluated allowances that are recorded at fair value on a nonrecurring basis are loans which are inadequately protected by the current sound worth and paying capacity of the borrowers and/or of the collateral pledged. These loans are characterized by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected. The fair value of a loan with an individually evaluated allowance is determined based on the discounted cash flow or current appraised value of the underlying collateral. Appraised and reported values may be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the collateral. For commercial real estate loans with an individually evaluated allowance, the

fair value is derived from the appraised value of its collateral. Loans with an individually evaluated allowance are reviewed and evaluated on at least a quarterly basis for additional allowance and adjusted accordingly, based on the same factors identified above (Level 3). This loss is not recorded directly as an adjustment to current earnings or other comprehensive income (loss), but rather as a component in determining the overall adequacy of the ACL. These adjustments to the estimated fair value of loans with an individually evaluated allowance may result in increases or decreases to the provision for (recovery of) credit losses recorded in current earnings.

​

The fair value of other equity investments is derived from quoted prices in active markets for the equivalent or similar investments (Level 2).

​

The Corporation uses the amortization method for its MSA, which amortizes the MSA in proportion to and over the period of estimated net servicing income and assesses the MSA for impairment based on fair value at each reporting date. The fair value of the MSA is derived using the present value method; which includes a third party’s prepayment projections of similar instruments, weighted average coupon rates, estimated servicing costs and discount interest rates (Level 3).

​

The fair value of interest-only strips is derived using the same assumptions that are used to value the related MSA (Level 3).

​

The Corporation’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Corporation’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date.

​

The following fair value hierarchy tables present information at the dates indicated about the Corporation’s assets and liabilities measured at fair value on a recurring basis:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurement at December 31, 2025 Using:

(In Thousands)

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

Investment securities - available for sale:

​

​

​

​

​

​

​

​

​

​

​

​

U.S. government agency MBS

​

$

—

​

$

943

​

$

—

​

$

943

U.S. government sponsored enterprise MBS

​

 

—

​

 

387

​

 

—

​

 

387

Private issue CMO

​

 

—

​

 

—

​

 

74

​

 

74

Investment securities - available for sale

​

 

—

​

 

1,330

​

 

74

​

 

1,404

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment, at fair value

​

 

—

​

 

—

​

 

1,006

​

 

1,006

Other equity investments, at fair value

​

​

—

​

​

721

​

​

—

​

​

721

Interest-only strips

​

 

—

​

 

—

​

 

5

​

 

5

Total assets

​

$

—

​

$

2,051

​

$

1,085

​

$

3,136

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities:

​

$

—

​

$

—

​

$

—

​

$

—

Total liabilities

​

$

—

​

$

—

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurement at June 30, 2025 Using:

(In Thousands)

  ​ ​ ​

​

Level 1

​

​

Level 2

  ​ ​ ​

​

Level 3

  ​ ​ ​

​

Total

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

Investment securities - available for sale:

​

​

​

​

​

​

​

​

​

​

​

​

U.S. government agency MBS

​

$

—

​

$

1,082

​

$

—

​

$

1,082

U.S. government sponsored enterprise MBS

​

 

—

​

 

446

​

 

—

​

 

446

Private issue CMO

​

 

—

​

 

—

​

 

79

​

 

79

Investment securities - available for sale

​

 

—

​

 

1,528

​

 

79

​

 

1,607

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment, at fair value

​

 

—

​

 

—

​

 

1,018

​

 

1,018

Other equity investments, at fair value

​

​

—

​

​

730

​

​

—

​

​

730

Interest-only strips

​

 

—

​

 

—

​

 

6

​

 

6

Total assets

​

$

—

​

$

2,258

​

$

1,103

​

$

3,361

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities:

​

$

—

​

$

—

​

$

—

​

$

—

Total liabilities

​

$

—

​

$

—

​

$

—

​

$

—

​

​

The following tables summarize reconciliations of the beginning and ending balances during the periods shown of recurring fair value measurements recognized in the Condensed Consolidated Statements of Financial Condition using Level 3 inputs:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Quarter Ended December 31, 2025

​

​

Fair Value Measurement

​

​

Using Significant Other Unobservable Inputs

​

​

(Level 3)

​

​

Private

​

Loans Held For

​

Interest-

​

​

​

​

Issue

​

Investment, at

​

Only

​

​

(In Thousands)

  ​ ​ ​

CMO

  ​ ​ ​

fair value(1)

  ​ ​ ​

Strips

  ​ ​ ​

Total

Beginning balance at September 30, 2025

​

$

75

​

$

1,010

​

$

5

​

$

1,090

Total gains or losses (realized/unrealized):

​

​

​

​

​

​

​

​

​

​

​

​

Included in earnings

​

 

—

​

 

7

​

 

—

​

 

7

Included in other comprehensive income

​

 

—

​

 

—

​

 

—

​

 

—

Purchases

​

 

—

​

 

—

​

 

—

​

 

—

Issuances

​

 

—

​

 

—

​

 

—

​

 

—

Settlements

​

 

(1)

​

 

(11)

​

 

—

​

 

(12)

Transfers in and/or out of Level 3

​

 

—

​

 

—

​

 

—

​

 

—

Ending balance at December 31, 2025

​

$

74

​

$

1,006

​

$

5

​

$

1,085

​

(1)The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Quarter Ended December 31, 2024

​

​

Fair Value Measurement

​

​

Using Significant Other Unobservable Inputs

​

​

(Level 3)

​

​

Private

​

Loans Held For

​

Interest-

​

​

​

​

Issue

​

Investment, at

​

Only

​

​

(In Thousands)

  ​ ​ ​

CMO

  ​ ​ ​

fair value(1)

  ​ ​ ​

Strips

  ​ ​ ​

Total

Beginning balance at September 30, 2024

​

$

85

​

$

1,082

​

$

6

​

$

1,173

Total gains or losses (realized/unrealized):

​

​

​

​

​

​

​

​

​

​

​

​

Included in earnings

​

 

—

​

 

(55)

​

 

—

​

 

(55)

Included in other comprehensive income

​

 

—

​

 

—

​

 

—

​

 

—

Purchases

​

 

—

​

 

—

​

 

—

​

 

—

Issuances

​

 

—

​

 

—

​

 

—

​

 

—

Settlements

​

 

(5)

​

 

(11)

​

 

—

​

 

(16)

Transfers in and/or out of Level 3

​

 

—

​

 

—

​

 

—

​

 

—

Ending balance at December 31, 2024

​

$

80

​

$

1,016

​

$

6

​

$

1,102

(2)
(1)The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Six Months Ended December 31, 2025

​

​

Fair Value Measurement

​

​

Using Significant Other Unobservable Inputs

​

​

(Level 3)

​

​

Private

​

Loans Held For

​

Interest-

​

​

​

​

Issue

​

Investment, at

​

Only

​

​

(In Thousands)

  ​ ​ ​

CMO

  ​ ​ ​

fair value(1)

  ​ ​ ​

Strips

  ​ ​ ​

Total

Beginning balance at June 30, 2025

​

$

79

​

$

1,018

​

$

6

​

$

1,103

Total gains or losses (realized/unrealized):

​

​

​

​

​

​

​

​

​

​

​

​

Included in earnings

​

 

—

​

 

10

​

 

—

​

 

10

Included in other comprehensive income

​

 

—

​

 

—

​

 

(1)

​

 

(1)

Purchases

​

 

—

​

 

—

​

 

—

​

 

—

Issuances

​

 

—

​

 

—

​

 

—

​

 

—

Settlements

​

 

(5)

​

 

(22)

​

 

—

​

 

(27)

Transfers in and/or out of Level 3

​

 

—

​

 

—

​

 

—

​

 

—

Ending balance at December 31, 2025

​

$

74

​

$

1,006

​

$

5

​

$

1,085

​

(1)The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Six Months Ended December 31, 2024

​

​

Fair Value Measurement

​

​

Using Significant Other Unobservable Inputs

​

​

(Level 3)

​

​

Private

​

Loans Held For 

​

Interest-

​

​

​

​

Issue

​

Investment, at

​

Only

​

​

(In Thousands)

  ​ ​ ​

CMO

  ​ ​ ​

fair value(1)

  ​ ​ ​

Strips

  ​ ​ ​

Total

Beginning balance at June 30, 2024

​

$

88

​

$

1,047

​

$

8

​

$

1,143

Total gains or losses (realized/ unrealized):

​

 

​

​

​

​

​

​

​

​

​

​

Included in earnings

​

 

—

​

 

(10)

​

 

—

​

 

(10)

Included in other comprehensive income

​

 

2

​

 

—

​

 

(2)

​

 

—

Purchases

​

 

—

​

 

—

​

 

—

​

 

—

Issuances

​

 

—

​

 

—

​

 

—

​

 

—

Settlements

​

 

(10)

​

 

(21)

​

 

—

​

 

(31)

Transfers in and/or out of Level 3

​

 

—

​

 

—

​

 

—

​

 

—

Ending balance at December 31, 2024

​

$

80

​

$

1,016

​

$

6

​

$

1,102

​

(1)The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

The following fair value hierarchy tables present information about the Corporation’s assets measured at fair value at the dates indicated on a nonrecurring basis:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurement at December 31, 2025 Using:

(In Thousands)

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Mortgage servicing assets

​

$

—

​

$

—

​

$

108

​

$

108

Total

​

$

—

​

$

—

​

$

108

​

$

108

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurement at June 30, 2025 Using:

(In Thousands)

​

Level 1

​

Level 2

​

Level 3

​

Total

Mortgage servicing assets

​

$

—

​

$

—

​

$

88

​

$

88

Total

​

$

—

​

$

—

​

$

88

​

$

88

​

​

The following table presents additional information about valuation techniques and inputs used for assets and liabilities, which are measured at fair value and categorized within Level 3 as of December 31, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Impact to

​

​

Fair Value

​

​

​

​

​

​

​

Valuation

​

​

As of

​

​

​

​

​

​

​

from an

​

​

December 31, 

​

Valuation

​

​

​

Range(1)

​

Increase in

(Dollars In Thousands)

  ​ ​ ​

2025

  ​ ​ ​

Techniques

  ​ ​ ​

Unobservable Inputs

  ​ ​ ​

(Weighted Average)

  ​ ​ ​

Inputs(2)

Assets:

​

​

​

​

​

​

​

​

​

​

​

Securities available-for sale: Private issue CMO

​

$

74

 

Market comparable pricing

 

Comparability adjustment

 

(0.9%) - 0.0% (0.2%)

 

Increase

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment, at fair value

​

$

1,006

 

Relative value analysis

 

Broker quotes

 

87.3% - 90.9% (89.5%)

 

Increase

​

​

​

​

​

​

​

Credit risk factor

 

0.9% - 1.1% (1.0%)

​

Decrease

​

​

​

​

​

​

​

​

​

​

​

​

MSAs

​

$

108

 

Discounted cash flow

 

Prepayment rate (CPR)

 

5.8% - 60.0% (12.9%)

 

Decrease

​

​

​

​

​

​

 

Discount rate

 

9.0% - 10.5% (9.0%)

 

Decrease

​

​

​

​

​

​

​

​

​

​

​

​

Interest-only strips

​

$

5

 

Discounted cash flow

 

Prepayment rate (CPR)

 

10.2% - 23.9% (20.1%)

​

Decrease

​

​

​

​

​

​

 

Discount rate

 

9.0%

 

Decrease

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities:

​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

​

​

​

​

​

​

​

​

​

​

​

​

None

​

​

​

​

​

​

​

​

​

​

​

​

(1)The range is based on the historical estimated fair values and management estimates.
(2)Unless otherwise noted, this column represents the directional change in the fair value of the Level 3 asset instruments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant changes in these inputs in isolation could result in significantly higher or lower fair value measurements.

​

​

The significant unobservable inputs used in the fair value measurement of the Corporation’s assets and liabilities include the following: prepayment rates, discount rates and broker quotes, among others. Significant increases or decreases in any of these inputs in isolation could result in significantly lower or higher fair value measurement. The various unobservable inputs used to determine valuations may have similar or diverging impacts on valuation. For the six months ended December 31, 2025, there were no significant changes to the Corporation's valuation techniques and inputs that had, or are expected to have, a material impact on its consolidated financial position or results of operations.

The carrying amount and fair value of the Corporation’s other financial instruments as of December 31, 2025 and June 30, 2025 was as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

​

Carrying

​

Fair

​

​

​

​

​

​

​

​

​

(In Thousands)

  ​ ​ ​

Amount

  ​ ​ ​

Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Financial assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment, not recorded at fair value

​

$

1,036,649

​

$

1,000,479

​

$

—

​

$

—

​

$

1,000,479

Investment securities - held to maturity

​

$

98,899

​

$

90,806

​

$

—

​

$

90,806

​

$

—

FHLB – San Francisco stock

​

$

9,568

​

$

9,568

​

$

—

​

$

9,568

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial liabilities:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Deposits

​

$

872,434

​

$

873,075

​

$

—

​

$

873,075

​

$

—

Borrowings

​

$

213,060

​

$

213,559

​

$

—

​

$

213,559

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2025

​

​

Carrying

​

Fair

​

​

​

​

​

​

​

​

​

(In Thousands)

  ​ ​ ​

Amount

  ​ ​ ​

Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Financial assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment, not recorded at fair value

​

$

1,044,727

​

$

996,332

​

$

—

​

$

—

​

$

996,332

Investment securities - held to maturity

​

$

109,399

​

$

99,126

​

$

—

​

$

99,126

​

$

—

FHLB – San Francisco stock

​

$

9,568

​

$

9,568

​

$

—

​

$

9,568

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial liabilities:

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

Deposits

​

$

888,772

​

$

889,115

​

$

—

​

$

889,115

​

$

—

Borrowings

​

$

213,073

​

$

213,505

​

$

—

​

$

213,505

​

$

—

​

Loans held for investment, not recorded at fair value: For loans that reprice frequently at market rates, the carrying amount approximates the fair value. For fixed-rate loans, the fair value is determined by either (i) discounting the estimated future cash flows of such loans over their estimated remaining contractual maturities using a current interest rate at which such loans would be made to borrowers, or (ii) quoted market prices.

​

Investment securities - held to maturity: The investment securities - held to maturity consist of U.S. SBA securities, U.S. government sponsored enterprise MBS and U.S. government sponsored enterprise CMO. For the U.S. SBA securities and U.S. government sponsored enterprise MBS and CMO, the Corporation utilizes quoted prices in active markets for similar securities for its fair value measurement (Level 2).

​

FHLB – San Francisco stock: FHLB – San Francisco stock is carried at cost or par value and represents its fair value. When redeemed, the Corporation will receive an amount equal to the par value of the stock.

​

Deposits: The fair value of time deposits is estimated using a discounted cash flow calculation. The discount rate is based upon observable inputs, including rates currently offered for deposits of similar remaining maturities. The fair value of transaction accounts (checking, money market and savings accounts) is equal to the carrying amounts payable on demand.

​

Borrowings: The fair value of borrowings has been estimated using a discounted cash flow calculation. The discount rate on such borrowings is based upon rates currently offered for borrowings of similar remaining maturities.

​

The Corporation has various processes and controls in place to ensure that fair value is reasonably estimated. The Corporation generally determines fair value of their Level 3 assets and liabilities by using internally developed models which primarily utilize discounted cash flow techniques and prices obtained from independent management services or brokers. The Corporation performs due diligence procedures over third-party pricing service providers in order to support their use in the valuation process.

​

While the Corporation believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. For the six months ended December 31, 2025, there were no significant changes to the Corporation’s valuation techniques that had, or are expected to have, a material impact on its consolidated financial position or results of operations.
v3.25.4
Revenue From Contracts With Customers
 6 Months Ended
Dec. 31, 2025
Revenue From Contracts With Customers  
Revenue From Contracts With Customers

Note 8: Revenue From Contracts With Customers

In accordance with ASC 606, revenues are recognized when goods or services are transferred to the customer in exchange for the consideration the Corporation expects to be entitled to receive. The largest portion of the Corporation's revenue is from interest income, which is not in the scope of ASC 606. All of the Corporation's revenue from contracts with customers in the scope of ASC 606 is recognized in non-interest income.

If a contract is determined to be within the scope of ASC 606, the Corporation recognizes revenue as it satisfies a performance obligation. Payments from customers are generally collected at the time services are rendered, monthly,

quarterly or annually. For contracts with customers within the scope of ASC 606, revenue is either earned at a point in time or revenue is earned over time. Examples of revenue earned at a point in time are automated teller machine ("ATM") transaction fees, wire transfer fees, non-sufficient fund fees and interchange fees. Revenue is primarily based on the number and type of transactions that are generally derived from transactional information accumulated by the Corporation’s systems and is recognized immediately as the transactions occur or upon providing the service to complete the customer's transaction. The Corporation is generally the principal in these contracts, except for interchange fees, in which case the Corporation is acting as the agent and records revenue net of expenses paid to the principal. Examples of revenue earned over time, which generally occur on a monthly basis, are deposit account maintenance fees, investment advisory fees, merchant revenue, trust and investment management fees and safe deposit box fees. Revenue is generally derived from transactional information accumulated by the Corporation’s systems or those of third-parties and is recognized as the related transactions occur or services are rendered to the customer.

Disaggregation of Revenue:

The following table includes the Corporation's non-interest income disaggregated by type of services for the quarters and six months ended December 31, 2025 and 2024:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarter Ended

​

Six Months Ended

​

​

December 31, 

​

December 31, 

Type of Services

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

(In Thousands)

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Loan servicing and other fees(1)

​

$

176

​

$

60

​

$

322

​

$

164

Deposit account fees

​

​

273

​

​

282

​

​

538

​

​

580

Card and processing fees

​

​

286

​

​

300

​

​

588

​

​

620

Other(2)

​

 

182

​

 

203

​

 

282

​

 

380

Total non-interest income

​

$

917

​

$

845

​

$

1,730

​

$

1,744

​

(1)Not within the scope of ASC 606.
(2)Includes net BOLI income of $46 thousand, $46 thousand, $92 thousand and $92 thousand, net loss on sale of loans of $0, $20 thousand, $34 thousand and $41 thousand, net unrealized gain (loss) on other equity investments of $19 thousand, $85 thousand, $(9) thousand and $110 thousand, for the quarters and six months ended December 31, 2025 and 2024, respectively which are not within the scope of ASC 606.

​

For the quarters and six months ended December 31, 2025 and 2024, substantially all the Corporation's revenues within the scope of ASC 606 are for performance obligations satisfied at a specified date.

Revenues recognized within the scope of ASC 606:

Deposit account fees: The Bank earns fees on its deposit accounts for various products and services provided to customers. These fees include account fees, non-sufficient fund fees, ATM fees and other similar charges. Fees are recognized concurrently with the related event and are recorded on a daily, monthly, quarterly or annual basis, depending on the type of service.

​

Card and processing fees: Debit interchange income represents fees earned when a debit card issued by the Bank is used. The Bank earns interchange fees from cardholder transactions through a third-party payment network. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. The performance obligation is satisfied and the fees are earned when the cost of the transaction is charged to the cardholders' debit card. Certain expenses directly associated with the debit cards are recorded on a net basis with the interchange income.

​

Other fees: The Bank earns fees from asset management services, stop payment fees, wire transfer services, safe deposit boxes, merchant services, and other occasional or non-recurring services. Asset management fees are variable, since they are based on the underlying portfolio value, which is subject to market conditions and amounts invested by customers through a third-party provider. Asset management fees are recognized over the period that services are provided and when the portfolio values can be determined or reasonably estimated at the end of each month. These fees are recognized

concurrently with the related event and are recorded on daily, monthly, quarterly or annual basis, depending on the type of services.
v3.25.4
Leases
 6 Months Ended
Dec. 31, 2025
Leases  
Leases

Note 9: Leases

The Corporation accounts for its leases in accordance with ASC 842 which requires the Corporation to record liabilities for future lease obligations as well as assets representing the right to use the underlying leased assets. The Corporation's leases primarily represent future obligations to make payments for the use of buildings, space or equipment for its operations. Liabilities to make future lease payments are recorded in accounts payable, accrued interest and other liabilities for operating leases and borrowings for finance leases, while right-of-use assets are recorded in premises and equipment in the Corporation's Condensed Consolidated Statements of Financial Condition. At December 31, 2025, the Corporation's leases were classified as operating leases and finance leases; and the Corporation did not have any operating or finance leases with an initial term of 12 months or less ("short-term leases"). Liabilities to make future lease payments and right-of-use assets are recorded for operating leases and finance leases and do not include short-term leases. These liabilities and right-of-use assets are determined based on the total contractual base rents for each lease, which include options to extend or renew each lease, where applicable, and where the Corporation believes it has an economic incentive to extend or renew the lease. Since lease extensions are not reasonably certain, the Corporation generally does not recognize payments occurring during option periods in the calculation of its right-of-use lease assets and lease liabilities. The Corporation utilizes the FHLB – San Francisco rates as a discount rate for each of the remaining contractual terms at the adoption date as well as for future leases if the discount rate is not stated in the lease. For leases that contain variable lease payments, the Corporation assumes future lease payment escalations based on a lease payment escalation rate specified in the lease or the specified index rate observed at the time of lease commencement. Liabilities to make future lease payments are accounted for using the interest method, being reduced by periodic contractual lease payments net of periodic interest accretion. Right-of-use assets for operating leases are amortized over the lease term in amounts that represent the difference between straight-line lease expense and interest accretion on the related liability. For finance leases, right-of-use assets are amortized on a straight-line basis over the useful life of the underlying asset, while the interest accretion on the lease liability is recognized as interest expense in the Corporation’s Condensed Statements of Operations.

For the quarters ended December 31, 2025 and 2024, expenses associated with the Corporation’s leases totaled $177,000, and $203,000, respectively. For the six months ended December 31, 2025 and 2024, expenses associated with the Corporation’s leases totaled $351,000, and $419,000, respectively. Lease expenses for operating leases are recorded in premises and occupancy or equipment expense; while expenses for finance leases are recorded in equipment expense and interest expense on borrowings, as applicable, in the Condensed Consolidated Statements of Operations.

​

The following tables present supplemental information related to leases at the dates and for the periods indicated:

​

​

​

​

​

​

​

​

(In Thousands)

​

At December 31, 2025

​

​

At June 30, 2025

Condensed Consolidated Statements of Condition:

 

​

  ​

 

​

  ​

​

​

​

​

​

​

​

Operating Leases:

​

​

​

​

​

​

Premises and equipment - Operating lease right-of-use assets

​

$

2,383

 

$

1,651

Accounts payable, accrued interest and other liabilities – Operating lease liabilities

​

$

2,404

​

$

1,682

​

​

​

​

​

​

​

Finance Leases:

​

​

​

​

​

​

Premises and equipment at cost

​

$

84

​

$

84

Accumulated amortization

​

​

(18)

​

​

(9)

Premises and equipment - Finance lease right-of-use assets

​

$

66

​

$

75

​

​

​

​

​

​

​

Borrowings - Finance lease liabilities

​

$

60

 

$

73

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarter Ended

​

Six Months Ended

​

  ​ ​ ​

December 31, 

  ​ ​ ​

December 31, 

(In Thousands)

​

2025

​

​

2024

​

2025

​

​

2024

Condensed Consolidated Statements of Operations:

​

 

  ​

 

​

  ​

​

 

  ​

 

​

  ​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating lease expense:

​

​

​

​

​

​

​

​

​

​

​

​

Premises and occupancy expenses from operating leases(1)

​

$

170

 

$

168

​

$

337

 

$

350

Equipment expenses from operating leases(1)

​

​

—

​

​

35

​

​

—

​

​

69

Total operating lease expense

​

​

170

​

​

203

​

​

337

​

​

419

​

​

​

​

​

​

​

​

​

​

​

​

​

Finance lease expense:

​

​

​

​

​

​

​

​

​

​

​

​

Equipment expenses from finance leases(1)

​

​

6

​

​

—

​

​

12

​

​

—

Interest on finance lease liabilities

​

​

1

​

​

—

​

​

2

​

​

—

Total finance lease expense

​

​

7

​

​

—

​

​

14

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

Total lease expense

​

$

177

​

$

203

​

$

351

​

$

419

​

(1)Includes immaterial variable lease costs.

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Six Months Ended

​

Six Months Ended

(In Thousands)

​

December 31, 2025

​

December 31, 2024

Condensed Consolidated Statements of Cash Flows:

​

 

  ​

 

​

  ​

Operating cash used for operating leases, net

​

$

347

​

$

418

Operating cash used for finance leases, net

​

$

4

​

$

—

Financing cash used for finance leases, net

​

$

13

​

$

—

​

​

​

​

​

​

​

Right-of-use assets obtained in exchange for lease obligations:

​

​

​

​

​

​

Operating leases

​

$

1,035

​

$

795

​

​

The following table provides information related to remaining minimum contractual lease payments and other information associated with the Corporation’s leases as of December 31, 2025:

​

​

​

​

​

​

​

​

​

​

Operating Leases

​

​

Finance Leases

 

​

Amount(1)

​

​

Amount(1)

​

Fiscal Year Ending June 30, 

(In Thousands)

​

​

(In Thousands)

​

Remainder of fiscal 2026

$

348

​

​

$

15

​

Fiscal 2027

​

703

​

​

 

30

​

Fiscal 2028

​

672

​

​

 

18

​

Fiscal 2029

​

377

​

​

 

—

​

Fiscal 2030

​

247

​

​

 

—

​

Thereafter

​

275

​

​

 

—

​

Total contract lease payments

$

2,622

​

​

$

63

​

​

​

​

​

​

​

​

​

Total liability to make lease payments

$

2,404

​

​

$

60

​

Difference in undiscounted and discounted future lease payments

$

218

​

​

$

3

​

Weighted average discount rate

​

4.08

%

​

 

4.50

%

Weighted average remaining lease term (years)

​

4.2

​

​

 

2.1

​

​

(1)Contractual base rents do not include property taxes and other operating expenses due under respective lease agreements.
v3.25.4
Stock Repurchases
 6 Months Ended
Dec. 31, 2025
Stock Repurchases  
Stock Repurchases

Note 10: Stock Repurchases

​

On January 23, 2025, the Corporation’s Board of Directors announced a stock repurchase plan, authorizing the purchase of up to 334,773 shares of the Corporation’s outstanding common stock over a one-year period.

​

During the second quarter of fiscal 2026, the Corporation purchased 96,260 shares of its common stock under the stock repurchase plans with a weighted average cost of $15.80 per share. For the first six months of fiscal 2026, the Corporation purchased 162,967 shares of its common stock under the existing stock repurchase plan with a weighted average cost of $15.78 per share. As of December 31, 2025, 54,061 shares or 16 percent of authorized common stock under this plan were available for purchase.

​

On January 22, 2026, subsequent to quarter-end, the Corporation’s Board of Directors announced a new stock repurchase program authorizing the repurchase of up to 318,875 shares of the Corporation’s outstanding common stock over a one-year period. The prior repurchase program, which was initiated on January 23, 2025, was terminated effective January 23, 2026. As a result, the 16,825 shares that remained available for repurchase under the prior program will no longer be eligible for repurchase.

v3.25.4
Segment Reporting
 6 Months Ended
Dec. 31, 2025
Segment Reporting  
Segment Reporting

Note 11: Segment Reporting

​

The Corporation operates as a single reportable segment, providing a broad range of banking and financial services to individuals, businesses, and institutional clients. These services include primarily commercial and consumer lending, deposit products, and to a lesser extent, loan servicing and wealth management services. The commercial and consumer lending primarily consists of single-family, multi-family and commercial real estate mortgage lending and, to a lesser extent, construction, commercial business, other mortgage and consumer lending. The Corporation’s chief operating decision maker (“CODM”) is the Chief Executive Officer. The CODM relies on the Senior Management Committee, which includes the Senior Vice President – Chief Financial Officer, Senior Vice President – Chief Lending Officer, Senior Vice President – Retail Banking, Senior Vice President – Single Family, and others, to provide detailed financial and operational reports. The CODM regularly evaluates the financial performance of the Corporation and allocates resources accordingly. Key financial performance metrics used by the CODM include net interest income, provision for (recovery of) credit losses, non-interest income, non-interest expenses, net income, diluted earnings per share, return on average assets, return on average equity, net interest margin, efficiency ratio, loans held for investment and deposit balance growth,

loans held for investment as a percentage of total deposits, core deposits as a percentage of total deposits, Tier 1 leverage capital ratio, non-performing assets as a percentage of loans held for investment, among others.

​

The following table presents the financial performance measures that the CODM reviews as of or for the periods indicated:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At or For the Quarter Ended December 31,

​

At or For the Six Months Ended December 31,

​

(Dollars In Thousands, Except Per Share Information)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

Interest income

​

$

13,950

​

$

14,021

​

$

28,096

​

$

28,096

​

Interest expense

​

 

5,026

​

 

5,262

​

 

10,242

​

 

10,721

​

Net interest income

​

​

8,924

​

​

8,759

​

​

17,854

​

​

17,375

​

(Recovery of) provision for credit losses

​

​

(158)

​

​

586

​

​

(784)

​

​

(111)

​

Net interest income, after (recovery of) provision for credit losses

​

​

9,082

​

​

8,173

​

​

18,638

​

​

17,486

​

Non-interest income

​

​

917

​

​

845

​

​

1,730

​

​

1,744

​

Non-interest expense

​

​

7,949

​

​

7,794

​

​

15,583

​

​

15,317

​

Income before taxes

​

​

2,050

​

​

1,224

​

​

4,785

​

​

3,913

​

Provision for income taxes

​

​

614

​

​

352

​

​

1,668

​

​

1,141

​

Net income

​

$

1,436

​

$

872

​

$

3,117

​

$

2,772

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted earnings per share

​

$

0.22

​

$

0.13

​

$

0.47

​

$

0.41

​

Return on average assets

​

​

0.47

%  

​

0.28

%  

​

0.51

%  

​

0.45

%  

Return on average equity

​

​

4.44

%  

​

2.66

%  

​

4.81

%  

​

4.22

%  

Net interest margin

​

​

3.03

%  

​

2.91

%  

​

3.01

%  

​

2.87

%  

Efficiency ratio

​

​

80.77

%  

​

81.15

%  

​

79.57

%  

​

80.11

%  

Loans held for investment growth

​

​

(0.40)

%  

​

0.47

%  

​

(0.77)

%  

​

0.06

%  

Deposit growth

​

​

(0.27)

%  

​

0.42

%  

​

(1.84)

%  

​

(2.35)

%  

Loans held for investment as a percentage of total deposits

​

​

118.94

%  

​

121.45

%  

​

118.94

%  

​

121.45

%  

Core deposits as a percentage of total deposits

​

​

64.05

%  

​

68.34

%  

​

64.05

%  

​

68.34

%  

Tier 1 leverage capital ratio

​

​

9.79

%  

​

9.81

%  

​

9.79

%  

​

9.81

%  

Non-performing assets as a percentage of total assets

​

​

0.08

%  

​

0.20

%  

​

0.08

%  

​

0.20

%  

​
v3.25.4
Subsequent Events
 6 Months Ended
Dec. 31, 2025
Subsequent Events  
Subsequent Events

Note 12: Subsequent Events

On January 22, 2026, the Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.14 per share. Shareholders of the Corporation’s common stock at the close of business on February 12, 2026 are entitled to receive the cash dividend. The cash dividend will be payable on March 5, 2026.

​

On January 22, 2026, subsequent to quarter-end, the Corporation’s Board of Directors approved a new stock repurchase program authorizing the repurchase of up to five percent (5%) of the Corporation’s outstanding common stock, or approximately 318,875 shares. The Corporation plans to purchase the shares from time to time in the open market or through privately negotiated transactions over a one-year period, subject to market conditions, the capital requirements of the Corporation, available cash and other relevant factors. The prior repurchase program, which was initiated on January 23, 2025, was terminated effective January 23, 2026. As a result, the 16,825 shares that remained available for repurchase under the prior program will no longer be eligible for repurchase.  

​
v3.25.4
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Pay vs Performance Disclosure        
Net Income (Loss) $ 1,436 $ 872 $ 3,117 $ 2,772
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Basis of Presentation (Policies)
 6 Months Ended
Dec. 31, 2025
Organization and Summary of Significant Accounting Policies  
Basis of Presentation

The unaudited interim condensed consolidated financial statements included herein reflect all adjustments which are, in the opinion of management, necessary to present a fair statement of the results of operations for the interim periods presented. All such adjustments are of a normal, recurring nature. The condensed consolidated statement of financial condition at June 30, 2025 is derived from the audited consolidated financial statements of Provident Financial Holdings, Inc. and its wholly-owned subsidiary, Provident Savings Bank, F.S.B. (the "Bank") (collectively, the "Corporation"). Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been omitted pursuant to the rules and regulations of the United States Securities and Exchange Commission ("SEC") with respect to interim financial reporting. It is recommended that these unaudited interim condensed consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025 (“2025 Annual Form 10-K”). The results of operations for the quarter and six months ended December 31, 2025 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2026.
Accounting Standard Updates ("ASU")

ASU 2025-08:

In November 2025, the Financial Accounting Standards Board (“FASB”) issued ASU 2025-08 to update ASC 326: Financial Instruments – Credit Losses to address concerns regarding complexity and lack of comparability in the accounting for purchased loans under the current credit loss standard (Topic 326). This ASU removes the previous distinction in accounting between purchased credit-deteriorated (“PCD”) assets and non-PCD assets by applying the gross-up accounting method; formerly used only for PCD assets, to most acquired loans. These loans will now be designated as purchased seasoned loans (“PSLs”). This change eliminates the Day-1 credit loss expense on PSLs, which the industry considered a double-count of expected losses on acquired performing loans, by recognizing expected credit losses at acquisition without immediate impact to earnings. This new guidance is effective for annual reporting periods beginning after December 15, 2026, including interim periods within those fiscal years. Early adoption is permitted in an interim or annual reporting period in which financial statements have not yet been issued or made available for issuance. If an entity adopts the amendments in an interim reporting period, it should apply the amendments as of the beginning of that interim reporting period or the beginning of the annual reporting period that includes that interim reporting period. The Corporation is in the process of reviewing the impact of this ASU and has not yet determined the impact of the adoption of this ASU on its consolidated financial statements.

​

ASU 2024-03:

In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This ASU 2024-03 requires public business entities (“PBEs”) to disclose disaggregated information about specific natural expense categories underlying certain income statement expense line items that are considered relevant expense captions because they include one or more of the five natural expense categories identified in this ASU. Such disclosures must be made on an annual and interim basis in a tabular format in the footnotes to the financial statements. The ASU requires entities to disaggregate any relevant expense caption presented on the face of the income statement within continuing operations into the following required natural expense categories, as applicable: (1) purchases of inventory, (2) employee compensation, (3) depreciation, (4) intangible asset amortization, and (5) depreciation, depletion and amortization recognized as part of oil- and gas-producing activities or other depletion expenses. This ASU does not change the expense captions an entity presents on the face of the income statement; rather, it requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements. This ASU is effective for all PBEs for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The Corporation is in the process of reviewing the impact of this ASU and has not yet determined the impact of the adoption of this ASU on its consolidated financial statements.

ASU 2023-09:

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU requires PBEs to annually (a) disclose specific categories in the rate reconciliation and (b) provide additional information for reconciling items that meet a quantitative threshold of equal to or greater than five percent of the amount computed by multiplying pretax income or loss by the applicable statutory income tax rate. This ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Corporation is in the process of reviewing the impact of this ASU and has not yet determined the impact of the adoption of this ASU on its consolidated financial statements.

v3.25.4
Earnings Per Share (Tables)
 6 Months Ended
Dec. 31, 2025
Earnings Per Share  
Schedule of earnings per share, basic and diluted

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Quarter Ended

​

For the Six Months Ended

​

​

December 31, 

​

December 31, 

(In Thousands, Except Earnings Per Share)

​

2025

 

2024

 

2025

 

2024

Numerator:

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ Net income – numerator for basic earnings per share and 

 

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ ​ ​ diluted earnings per share - available to common

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ ​ ​ stockholders

​

$

1,436

​

$

872

​

$

3,117

​

$

2,772

​

​

​

​

​

​

​

​

​

​

​

​

​

Denominator:

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ Denominator for basic earnings per share:

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ ​ ​ ​ Weighted-average shares

​

 

6,462

​

 

6,745

​

 

6,514

​

 

6,789

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ Less effect of dilutive shares:

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ ​ ​ ​ Stock options

​

 

12

​

 

13

​

 

10

​

 

6

  ​ ​ ​ ​ ​ ​ Restricted stock

​

 

57

​

 

35

​

 

54

​

 

33

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ Denominator for diluted earnings per share:

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ ​ ​ ​ Adjusted weighted-average shares and assumed

​

 

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​ ​ ​ ​ ​ ​ conversions

​

​

6,531

​

​

6,793

​

​

6,578

​

​

6,828

​

​

​

​

​

​

​

​

​

​

​

​

​

Basic earnings per share

 

$

0.22

 

$

0.13

 

$

0.48

 

$

0.41

Diluted earnings per share

 

$

0.22

 

$

0.13

 

$

0.47

 

$

0.41

​
v3.25.4
Investment Securities (Tables)
 6 Months Ended
Dec. 31, 2025
Investment Securities  
Schedule of available-for-sale securities reconciliation

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

  ​ ​ ​

​

  ​ ​ ​

Gross

  ​ ​ ​

Gross

  ​ ​ ​

Estimated

  ​ ​ ​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

​

Carrying

December 31, 2025

​

Cost

​

Gains

​

(Losses)

​

Value

​

Value

(In Thousands)

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Held to maturity

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

U.S. government sponsored enterprise MBS(1)

​

$

94,281

​

$

144

​

$

(8,197)

​

$

86,228

​

$

94,281

U.S. government sponsored enterprise CMO(2)

​

​

4,404

​

​

18

​

​

(56)

​

​

4,366

​

​

4,404

U.S. SBA securities(3)

​

 

214

​

 

—

​

 

(2)

​

 

212

​

 

214

Total investment securities - held to maturity

​

​

98,899

​

​

162

​

​

(8,255)

​

​

90,806

​

​

98,899

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Available for sale

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

U.S. government agency MBS(1)

​

​

932

​

​

11

​

​

—

​

​

943

​

​

943

U.S. government sponsored enterprise MBS(1)

​

​

378

​

​

9

​

​

—

​

​

387

​

 

387

Private issue CMO(2)

​

 

74

​

 

—

​

 

—

​

 

74

​

 

74

Total investment securities - available for sale

​

​

1,384

​

​

20

​

​

—

​

​

1,404

​

​

1,404

Total investment securities

​

$

100,283

​

$

182

​

$

(8,255)

​

$

92,210

​

$

100,303

​

(1)Mortgage-Backed Securities (“MBS”)
(2)Collateralized Mortgage Obligations (“CMO”)
(3)Small Business Administration (“SBA”)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

  ​ ​ ​

​

  ​ ​ ​

Gross

  ​ ​ ​

Gross

  ​ ​ ​

Estimated

  ​ ​ ​

​

​

​

​

Amortized

​

Unrealized

​

Unrealized

​

Fair

​

Carrying

June 30, 2025

​

Cost

​

Gains

​

(Losses)

​

Value

​

Value

(In Thousands)

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Held to maturity

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

U.S. government sponsored enterprise MBS

​

$

104,549

​

$

127

​

$

(10,305)

​

$

94,371

​

$

104,549

U.S. government sponsored enterprise CMO

​

​

4,525

​

​

14

​

​

(108)

​

​

4,431

​

​

4,525

U.S. SBA securities

​

 

325

​

 

—

​

 

(1)

​

 

324

​

 

325

Total investment securities - held to maturity

​

​

109,399

​

​

141

​

​

(10,414)

​

​

99,126

​

​

109,399

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Available for sale

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

U.S. government agency MBS

​

​

1,072

​

​

10

​

​

—

​

​

1,082

​

​

1,082

U.S. government sponsored enterprise MBS

​

 

436

​

 

10

​

 

—

​

 

446

​

 

446

Private issue CMO

​

 

79

​

 

—

​

 

—

​

 

79

​

 

79

Total investment securities - available for sale

​

​

1,587

​

​

20

​

​

—

​

​

1,607

​

​

1,607

Total investment securities

​

$

110,986

​

$

161

​

$

(10,414)

​

$

100,733

​

$

111,006
Schedule of investments with unrealized loss position

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of December 31, 2025

​

Unrealized Holding Losses

​

Unrealized Holding Losses

​

Unrealized Holding Losses

(In Thousands)

​

Less Than 12 Months

​

12 Months or More

​

Total

​

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

Fair

​

Unrealized

Description of Securities

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

Held to maturity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. government sponsored enterprise MBS

​

$

—

​

$

—

​

$

82,396

​

$

8,197

​

$

82,396

​

$

8,197

U.S. government sponsored enterprise CMO

​

​

—

​

​

—

​

​

3,365

​

​

56

​

​

3,365

​

​

56

U.S. SBA securities

​

​

—

​

​

—

​

​

212

​

​

2

​

​

212

​

​

2

Total investment securities - held to maturity

​

​

—

​

​

—

​

​

85,973

​

​

8,255

​

​

85,973

​

​

8,255

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Available for sale

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S government agency MBS

​

​

31

​

​

—

​

​

13

​

​

—

​

​

44

​

​

—

Private issue CMO

​

​

—

​

​

—

​

​

16

​

​

—

​

​

16

​

​

—

Total investment securities - available for sale

​

​

31

​

​

—

​

​

29

​

​

—

​

​

60

​

​

—

Total investment securities

​

$

31

​

$

—

​

​

86,002

​

$

8,255

​

$

86,033

​

$

8,255

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

As of June 30, 2025

​

Unrealized Holding Losses

​

Unrealized Holding Losses

​

Unrealized Holding Losses

(In Thousands)

​

Less Than 12 Months

​

12 Months or More

​

Total

​

​

Fair

​

Unrealized

​

Fair

​

Unrealized

​

Fair

​

Unrealized

Description of Securities

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

  ​ ​ ​

Value

  ​ ​ ​

Losses

Held to maturity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S. government sponsored enterprise MBS

​

$

—

​

$

—

​

$

90,022

​

$

10,305

​

$

90,022

​

$

10,305

U.S. government sponsored enterprise CMO

​

​

—

​

​

—

​

​

3,435

​

​

108

​

​

3,435

​

​

108

U.S. SBA securities

​

​

324

​

​

1

​

​

—

​

​

—

​

​

324

​

​

1

Total investment securities - held to maturity

​

​

324

​

​

1

​

​

93,457

​

​

10,413

​

​

93,781

​

​

10,414

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Available for sale

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

U.S government agency MBS

​

​

37

​

​

—

​

​

13

​

​

—

​

​

50

​

​

—

Private issue CMO

​

​

—

​

​

—

​

​

17

​

​

—

​

​

17

​

​

—

Total investment securities - available for sale

​

​

37

​

​

—

​

​

30

​

​

—

​

​

67

​

​

—

Total investment securities

​

$

361

​

$

1

​

$

93,487

​

$

10,413

​

$

93,848

​

$

10,414
Schedule of investments classified by contractual maturity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

June 30, 2025

​

  ​ ​ ​

​

​

  ​ ​ ​

Estimated

  ​ ​ ​

​

​

  ​ ​ ​

Estimated

​

​

Amortized

​

Fair

​

Amortized

​

Fair

(In Thousands)

​

Cost

​

Value

​

Cost

​

Value

Held to maturity

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Due in one year or less

​

$

152

​

$

150

​

$

69

​

$

68

Due after one through five years

​

 

17,682

​

 

16,951

​

 

4,921

​

 

4,760

Due after five through ten years

​

 

49,505

​

 

45,779

​

 

40,773

​

 

38,224

Due after ten years

​

 

31,560

​

 

27,926

​

 

63,636

​

 

56,074

Total investment securities - held to maturity

​

​

98,899

​

​

90,806

​

​

109,399

​

​

99,126

​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Available for sale

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Due in one year or less

​

​

—

​

​

—

​

​

—

​

​

—

Due after one through five years

​

 

—

​

 

—

​

 

—

​

 

—

Due after five through ten years

​

 

1,288

​

 

1,307

​

 

1,483

​

 

1,501

Due after ten years

​

 

96

​

 

97

​

 

104

​

 

106

Total investment securities - available for sale

​

​

1,384

​

​

1,404

​

​

1,587

​

​

1,607

Total investment securities

​

$

100,283

​

$

92,210

​

$

110,986

​

$

100,733

​
v3.25.4
Loans Held for Investment (Tables)
 6 Months Ended
Dec. 31, 2025
Loans Held for Investment  
Schedule of loans held for investment

​

​

​

​

​

​

​

​

​

​

​

December 31, 

​

June 30, 

​

(In Thousands)

​

2025

 

2025

​

Mortgage loans:

 

​

  ​

 

​

  ​

 

Single-family

​

$

553,311

​

$

544,425

​

Multi-family

​

 

408,289

​

 

423,417

​

Commercial real estate

​

 

70,942

​

 

72,766

​

Construction

​

 

812

​

 

402

​

Other

​

 

88

​

 

89

​

Commercial business loans

​

 

22

​

 

1,267

​

Consumer loans

​

 

58

​

 

57

​

Total loans held for investment, gross

​

 

1,033,522

​

 

1,042,423

​

​

​

 

  ​

​

 

​

​

Advance payments of escrows

​

 

196

​

 

293

​

Deferred loan costs, net

​

 

9,571

​

 

9,453

​

ACL on loans

​

 

(5,634)

​

 

(6,424)

​

Total loans held for investment, net

​

$

1,037,655

​

$

1,045,745

​
Schedule of loans held for investment, contractual repricing

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjustable Rate

​

​

​

​

​

​

​

  ​ ​ ​

​

​

  ​ ​ ​

After

  ​ ​ ​

After

  ​ ​ ​

After

  ​ ​ ​

​

​

  ​ ​ ​

​

​

​

​

​

Within

​

One Year

​

3 Years

​

5 Years

​

​

​

​

​

​

(In Thousands)

​

One Year

​

Through 3 Years

​

Through 5 Years

​

Through 10 Years

​

Fixed Rate

​

Total

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

$

51,057

​

$

74,378

​

$

122,473

​

$

200,087

​

$

105,316

​

$

553,311

Multi-family

​

 

220,982

​

 

122,349

​

 

61,380

​

 

3,488

​

 

90

​

 

408,289

Commercial real estate

​

 

27,461

​

 

34,266

​

 

8,849

​

 

—

​

 

366

​

 

70,942

Construction

​

 

812

​

 

—

​

 

—

​

 

—

​

 

—

​

 

812

Other

​

 

—

​

 

—

​

 

—

​

 

—

​

 

88

​

 

88

Commercial business loans

​

 

—

​

 

—

​

 

—

​

 

—

​

 

22

​

 

22

Consumer loans

​

 

58

​

 

—

​

 

—

​

 

—

​

 

—

​

 

58

Total loans held for investment, gross

​

$

300,370

​

$

230,993

​

$

192,702

​

$

203,575

​

$

105,882

​

$

1,033,522
Schedule of commercial real estate loans by property types and LTVs

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Owner

​

​

Non-Owner

​

​

​

% of Total

​

​

Weighted

​

December 31, 2025

​

​

Occupied Loan

​

​

Occupied Loan

​

​

Total

​

Commercial

​

​

Average

​

(Dollars in Thousands)

​

Balance

​

​

Balance

​

​

Balance

Real Estate

​

​

LTV (1)

​

Office

​

$

5,226

​

$

18,537

​

$

23,763

​

33

%  

​

39

%  

Mixed use (2)

​

 

272

​

 

15,410

​

 

15,682

​

22

​

​

34

%  

Retail

​

​

—

​

​

8,333

​

​

8,333

​

12

​

​

33

%  

Warehouse

​

​

1,312

​

​

7,175

​

​

8,487

​

12

​

​

29

%  

Medical/dental office

​

​

2,485

​

​

3,782

​

​

6,267

​

9

​

​

41

%  

Mobile home park

​

​

—

​

​

6,678

​

​

6,678

​

9

​

​

37

%  

Restaurant/fast food

​

​

675

​

​

491

​

​

1,166

​

2

​

​

45

%  

Automotive - non gasoline

​

 

—

​

 

566

​

 

566

 

1

​

 

26

%  

Total commercial real estate

​

$

9,970

​

$

60,972

​

$

70,942

​

100

%  

​

36

%  

​

(1)Current loan balance as a percentage of the original appraised value.
(2)Mixed use includes $6.3 million in Office/Retail, $5.8 million in Multi-family/Retail, $2.4 million in Other Mixed Use, $732 thousand in Multi-family/Commercial and $385 thousand in Multi-family/Office.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Owner

​

​

Non-Owner

​

​

​

% of Total

​

​

Weighted

​

June 30, 2025

​

​

Occupied Loan

​

​

Occupied Loan

​

​

Total

​

Commercial

​

​

Average

​

(Dollars in Thousands)

​

Balance

​

​

Balance

​

​

Balance

Real Estate

​

​

LTV (1)

​

Office

​

$

5,666

​

$

19,895

​

$

25,561

​

35

%  

​

41

%  

Mixed use (2)

​

 

279

​

 

14,330

​

 

14,609

​

20

​

​

33

%  

Retail

​

​

—

​

​

8,001

​

​

8,001

​

11

​

​

31

%  

Warehouse

​

​

1,332

​

​

7,869

​

​

9,201

​

13

​

​

30

%  

Mobile home park

​

​

—

​

​

6,761

​

​

6,761

​

9

​

​

37

%  

Medical/dental office

​

​

2,511

​

​

4,377

​

​

6,888

​

9

​

​

43

%  

Restaurant/fast food

​

​

681

​

​

493

​

​

1,174

​

2

​

​

46

%  

Automotive - non gasoline

​

 

—

​

 

571

​

 

571

 

1

​

 

26

%  

Total commercial real estate

​

$

10,469

​

$

62,297

​

$

72,766

​

100

%  

​

37

%  

​

(1)Current loan balance as a percentage of the original appraised value.
(2)Mixed use includes $6.4 million in Office/Retail, $5.3 million in Multi-family/Retail, $1.6 million in Other Mixed Use, $739 thousand in Multi-family/Commercial and $559 thousand in Multi-family/Office..
Schedule of commercial real estate loans by geographic concentration

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Inland

​

Southern

​

Other

​

​

​

​

​

 

December 31, 2025

​

Empire(1)

​

California(2)

​

California

​

Total

 

(Dollars in Thousands)

​

Balance

​

%

​

Balance

​

%

​

Balance

​

%

​

Balance

​

%

 

Owner occupied:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Office

​

$

244

  ​ ​ ​

5

%  

$

4,802

  ​ ​ ​

92

%  

$

180

  ​ ​ ​

3

%  

$

5,226

  ​ ​ ​

100

%  

Mixed use

​

​

—

​

—

%  

​

—

​

—

%  

​

272

​

100

%  

​

272

​

100

%  

Warehouse

​

​

—

​

—

%  

​

945

​

72

%  

​

367

​

28

%  

​

1,312

​

100

%  

Medical/dental office

​

​

267

​

11

%  

​

2,218

​

89

%  

​

—

​

—

%  

​

2,485

​

100

%  

Restaurant/fast food

​

​

—

​

—

%  

​

675

​

100

%  

​

—

​

—

%  

​

675

​

100

%  

Total owner occupied

​

​

511

​

5

%  

​

8,640

​

87

%  

​

819

​

8

%  

​

9,970

​

100

%  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-owner occupied:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Office

​

​

4,248

​

23

%  

​

11,777

​

63

%  

​

2,512

​

14

%  

​

18,537

​

100

%  

Mixed use

​

​

1,023

​

7

%  

​

6,517

​

42

%  

​

7,870

​

51

%  

​

15,410

​

100

%  

Retail

​

​

1,015

​

12

%  

​

3,720

​

45

%  

​

3,598

​

43

%  

​

8,333

​

100

%  

Warehouse

​

​

472

​

7

%  

​

3,911

​

54

%  

​

2,792

​

39

%  

​

7,175

​

100

%  

Mobile home park

​

​

4,694

​

70

%  

​

347

​

5

%  

​

1,637

​

25

%  

​

6,678

​

100

%  

Medical/dental office

​

 

1,220

 

32

%  

 

1,901

 

50

%  

 

661

 

18

%  

 

3,782

 

100

%  

Restaurant/fast food

​

​

—

​

—

%  

​

491

​

100

%  

​

—

​

—

%  

​

491

​

100

%  

Automotive - non gasoline

​

 

—

 

—

%  

 

566

 

100

%  

 

—

 

—

%  

 

566

 

100

%  

Total non-owner occupied

​

​

12,672

​

21

%  

​

29,230

​

48

%  

​

19,070

​

31

%  

​

60,972

​

100

%  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total commercial real estate

​

$

13,183

 

19

%  

$

37,870

 

53

%  

$

19,889

 

28

%  

$

70,942

 

100

%

​

(1)Inland Empire comprised of San Bernardino and Riverside counties.
(2)Other than the Inland Empire.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Inland

​

Southern

​

Other

​

​

​

​

​

 

June 30, 2025

​

Empire(1)

​

California(2)

​

California

​

Total

 

(Dollars in Thousands)

​

Balance

​

%

​

Balance

​

%

​

Balance

​

%

​

Balance

​

%

 

Owner occupied:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Office

​

$

630

​

11

%  

$

4,852

​

86

%  

$

184

​

3

%  

$

5,666

  ​ ​ ​

100

%  

Mixed use

​

​

—

​

—

%  

​

—

​

—

%  

​

279

​

100

%  

​

279

  ​ ​ ​

100

%  

Warehouse

​

​

—

​

—

%  

​

959

​

72

%  

​

373

​

28

%  

​

1,332

  ​ ​ ​

100

%  

Medical/dental office

​

​

271

​

11

%  

​

2,240

​

89

%  

​

—

​

—

%  

​

2,511

  ​ ​ ​

100

%  

Restaurant/fast food

​

​

—

​

—

​

​

681

​

100

%  

​

—

​

—

%  

​

681

​

100

%  

Total owner occupied

​

​

901

​

9

%  

​

8,732

​

83

%  

​

836

​

8

%  

​

10,469

  ​ ​ ​

100

%  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Non-owner occupied:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Office

​

​

3,837

​

19

%  

​

13,488

​

68

%  

​

2,570

​

13

%  

​

19,895

​

100

%  

Mixed use

​

​

449

​

3

%  

​

6,297

​

44

%  

​

7,584

​

53

%  

​

14,330

​

100

%  

Retail

​

​

1,026

​

13

%  

​

3,296

​

41

%  

​

3,679

​

46

%  

​

8,001

​

100

%  

Warehouse

​

​

1,064

​

13

%  

​

3,992

​

51

%  

​

2,813

​

36

%  

​

7,869

​

100

%  

Mobile home park

​

​

4,754

​

70

%  

​

351

​

5

%  

​

1,656

​

25

%  

​

6,761

​

100

%  

Medical/dental office

​

 

1,713

 

39

%  

 

1,993

 

46

%  

 

671

 

15

%  

 

4,377

 

100

%  

Restaurant/fast food

​

​

—

​

—

%  

​

493

​

100

%  

​

—

​

—

%  

​

493

 

100

%  

Automotive - non gasoline

​

 

—

 

—

%  

 

571

 

100

%  

 

—

 

—

%  

 

571

 

100

%  

Total non-owner occupied

​

​

12,843

​

21

%  

​

30,481

​

49

%  

​

18,973

​

30

%  

​

62,297

​

100

%  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total commercial real estate

​

$

13,744

 

19

%  

$

39,213

 

54

%  

$

19,809

 

27

%  

$

72,766

 

100

%

​

(1)Inland Empire comprised of San Bernardino and Riverside counties.
(2)Other than the Inland Empire.
Schedule of gross loans held for investment by loan types and risk category

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

Term Loans by Year of Origination

​

Revolving

​

​

​

(In Thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

  ​ ​ ​

Prior

  ​ ​ ​

Loans

  ​ ​ ​

Total

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Single-family:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

77,817

​

$

43,555

​

$

48,171

​

$

188,867

​

$

138,365

​

$

56,001

​

$

-

​

$

552,776

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

535

​

​

-

​

​

535

Total single-family

​

​

77,817

​

​

43,555

​

​

48,171

​

​

188,867

​

​

138,365

​

​

56,536

​

​

-

​

​

553,311

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Multi-family:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

31,744

​

​

21,550

​

​

23,237

​

​

67,545

​

​

81,549

​

​

181,182

​

​

-

​

​

406,807

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

461

​

​

1,021

​

​

-

​

​

1,482

Total multi-family

​

​

31,744

​

​

21,550

​

​

23,237

​

​

67,545

​

​

82,010

​

​

182,203

​

​

-

​

​

408,289

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

5,913

​

​

5,033

​

​

12,332

​

​

22,470

​

​

3,828

​

​

21,366

​

​

-

​

​

70,942

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total commercial real estate

​

​

5,913

​

​

5,033

​

​

12,332

​

​

22,470

​

​

3,828

​

​

21,366

​

​

-

​

​

70,942

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Construction:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

606

​

​

206

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

812

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total construction

​

​

606

​

​

206

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

812

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

88

​

​

-

​

​

88

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total other

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

88

​

​

-

​

​

88

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial business loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

22

​

​

22

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total commercial business loans

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

22

​

​

22

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Consumer loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Not graded

​

​

15

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

15

Pass

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

43

​

​

43

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total consumer loans

​

​

15

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

43

​

​

58

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total loans held for investment, gross

​

$

116,095

​

$

70,344

​

$

83,740

​

$

278,882

​

$

224,203

​

$

260,193

​

$

65

​

$

1,033,522

Total current period gross charge-offs

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2025

​

Term Loans by Year of Origination

​

Revolving

​

​

​

(In Thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

  ​ ​ ​

2022

  ​ ​ ​

2021

  ​ ​ ​

Prior

  ​ ​ ​

Loans

  ​ ​ ​

Total

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Single-family:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

$

39,385

​

$

55,276

​

$

52,083

​

$

194,501

​

$

141,614

​

$

60,282

​

$

5

​

$

543,146

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

62

​

​

-

​

​

62

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

1,217

​

​

-

​

​

1,217

Total single-family

​

​

39,385

​

​

55,276

​

​

52,083

​

​

194,501

​

​

141,614

​

​

61,561

​

​

5

​

​

544,425

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Multi-family:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

13,412

​

​

21,687

​

​

27,255

​

​

73,495

​

​

83,224

​

​

201,660

​

​

-

​

​

420,733

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

467

​

​

2,217

​

​

-

​

​

2,684

Total multi-family

​

​

13,412

​

​

21,687

​

​

27,255

​

​

73,495

​

​

83,691

​

​

203,877

​

​

-

​

​

423,417

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial real estate:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

2,149

​

​

5,429

​

​

12,609

​

​

22,750

​

​

3,889

​

​

24,936

​

​

-

​

​

71,762

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

1,004

​

​

-

​

​

1,004

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total commercial real estate

​

​

2,149

​

​

5,429

​

​

12,609

​

​

22,750

​

​

3,889

​

​

25,940

​

​

-

​

​

72,766

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Construction:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

196

​

​

206

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

402

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total construction

​

​

196

​

​

206

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

402

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

89

​

​

-

​

​

89

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total other

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

89

​

​

-

​

​

89

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Commercial business loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Pass

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

1,267

​

​

1,267

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total commercial business loans

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

1,267

​

​

1,267

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Consumer loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Not graded

​

​

17

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

17

Pass

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

40

​

​

40

Special Mention

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Substandard

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

Total consumer loans

​

​

17

​

​

-

​

​

-

​

​

-

​

​

-

​

​

-

​

​

40

​

​

57

Current period gross charge-off

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

$

-

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total loans held for investment, gross

​

$

55,159

​

$

82,598

​

$

91,947

​

$

290,746

​

$

229,194

​

$

291,467

​

$

1,312

​

$

1,042,423

Total current period gross charge-offs

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—
Schedule of allowance for credit losses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Quarter Ended 

  ​ ​ ​

For the Six Months Ended

 

​

​

December 31, 

​

December 31, 

 

(Dollars in Thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ACL, beginning of period

​

$

5,780

​

$

6,329

​

$

6,424

​

$

7,065

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Recovery of) provision for credit losses

​

 

(146)

​

 

627

​

 

(790)

​

 

(109)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total recoveries

​

 

—

​

 

—

​

 

—

​

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total charge-offs

​

 

—

​

 

—

​

 

—

​

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net recoveries (charge-offs)

​

 

—

​

 

—

​

 

—

​

 

—

​

ACL, end of period

​

$

5,634

​

$

6,956

​

$

5,634

​

$

6,956

  ​ ​ ​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ACL on loans as a percentage of gross loans held for investment

​

 

0.55

%  

 

0.66

%  

 

0.55

%  

 

0.66

%

Net (recoveries) charge-offs as a percentage of average loans receivable, net, during the period (annualized)

​

 

—

%  

 

—

%  

 

—

%  

 

—

%  

ACL on loans as a percentage of gross non-performing loans at the end of the period

​

​

565.66

%  

​

269.40

%  

​

565.66

%  

​

269.40

%  

​

​
Schedule of past due status of gross loans held for investment, net of fair value adjustments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

​

​

​

​

30-89 Days Past

​

​

​

​

Total Loans Held for

(In Thousands)

  ​ ​ ​

Current

  ​ ​ ​

Due

  ​ ​ ​

Non-Accrual(1)

  ​ ​ ​

Investment

​

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

$

552,776

​

$

—

​

$

535

​

$

553,311

Multi-family

​

 

407,828

​

 

—

​

 

461

​

 

408,289

Commercial real estate

​

 

70,942

​

 

—

​

 

—

​

 

70,942

Construction

​

 

812

​

 

—

​

 

—

​

 

812

Other

​

 

88

​

 

—

​

 

—

​

 

88

Commercial business loans

​

 

22

​

 

—

​

 

—

​

 

22

Consumer loans

​

 

57

​

 

1

​

 

—

​

 

58

Total loans held for investment

​

$

1,032,525

​

$

1

​

$

996

​

$

1,033,522

​

(1)All loans 90 days or greater past due are placed on non-accrual status.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2025

​

  ​ ​ ​

​

​

  ​ ​ ​

30-89 Days Past

  ​ ​ ​

​

​

  ​ ​ ​

Total Loans Held for

(In Thousands)

​

Current

​

Due

​

Non-Accrual(1)

​

Investment

​

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

$

543,496

​

$

—

​

$

929

​

$

544,425

Multi-family

​

 

422,951

​

 

—

​

 

466

​

 

423,417

Commercial real estate

​

 

72,766

​

 

—

​

 

—

​

 

72,766

Construction

​

 

402

​

 

—

​

 

—

​

 

402

Other

​

​

89

​

 

—

​

 

—

​

 

89

Commercial business loans

​

 

1,267

​

 

—

​

 

—

​

 

1,267

Consumer loans

​

 

55

​

 

2

​

 

—

​

 

57

Total loans held for investment

​

$

1,041,026

​

$

2

​

$

1,395

​

$

1,042,423

​

(1)All loans 90 days or greater past due are placed on non-accrual status.
Schedule of allowance for loan losses and recorded investment

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Quarter Ended December 31, 2025

 

​

​

Single- 

​

Multi- 

​

Commercial 

​

​

​

​

​

​

​

Commercial 

​

​

​

​

​

​

​

(Dollars In Thousands)

 

family

 

family

 

Real Estate

​

Construction

​

Other

 

Business

​

Consumer

​

Total

​

ACL:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

ACL, beginning of period

​

$

5,126

​

$

584

​

$

53

​

$

12

​

$

1

​

$

4

​

$

—

​

$

5,780

​

(Recovery of) provision for credit losses

​

​

(92)

​

​

(55)

​

​

(2)

​

​

7

​

​

—

​

​

(4)

​

​

—

​

​

(146)

​

Recoveries

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

Charge-offs

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

ACL, end of period

​

$

5,034

​

$

529

​

$

51

​

$

19

​

$

1

​

$

—

​

$

—

​

$

5,634

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ACL:

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

Individually evaluated for impairment

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

Collectively evaluated for impairment

​

 

5,034

​

 

529

​

 

51

​

 

19

​

 

1

​

 

—

​

 

—

​

 

5,634

​

ACL, end of period

​

$

5,034

​

$

529

​

$

51

​

$

19

​

$

1

​

$

—

​

$

—

​

$

5,634

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment:

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

​

Individually evaluated for impairment

​

$

—

​

$

461

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

461

​

Collectively evaluated for impairment

​

 

553,311

​

 

407,828

​

 

70,942

​

 

812

​

 

88

​

 

22

​

 

58

​

 

1,033,061

​

Total loans held for investment, gross

​

$

553,311

​

$

408,289

​

$

70,942

​

$

812

​

$

88

​

$

22

​

$

58

​

$

1,033,522

​

ACL on loans as a percentage of gross loans held for investment

​

 

0.91

%  

 

0.13

%  

 

0.07

%  

 

2.34

%  

 

1.14

%  

 

—

%  

 

—

%  

 

0.55

%  

Net (recoveries) charge-offs to average loans receivable, net during the period

​

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Quarter Ended December 31, 2024

​

​

​

Single- 

​

Multi- 

​

Commercial 

​

​

​

​

​

​

​

Commercial 

​

​

​

​

​

​

​

(Dollars In Thousands)

 

family

 

family

 

Real Estate

​

Construction

 

​

Other

Business

​

Consumer

​

Total

​

ACL:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

​

​

​

  ​

 

​

  ​

 

​

  ​

 

ACL, beginning of period

​

$

5,679

​

$

503

​

$

58

​

$

78

​

$

1

​

$

10

​

$

—

​

$

6,329

​

Provision for (recovery of) credit losses

​

 

582

​

 

46

​

 

1

​

 

(30)

​

 

1

​

 

27

​

 

—

​

 

627

​

Recoveries

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

Charge-offs

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

ACL, end of period

​

$

6,261

​

$

549

​

$

59

​

$

48

​

$

2

​

$

37

​

$

—

​

$

6,956

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ACL:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

Individually evaluated for impairment

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

Collectively evaluated for impairment

​

 

6,261

​

 

549

​

 

59

​

 

48

​

 

2

​

 

37

​

 

—

​

 

6,956

​

ACL, end of period

​

$

6,261

​

$

549

​

$

59

​

$

48

​

$

2

​

$

37

​

$

—

​

$

6,956

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

Individually evaluated for impairment

​

$

742

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

742

​

Collectively evaluated for impairment

​

 

532,398

​

 

433,724

​

 

77,984

​

 

1,480

​

 

90

​

 

4,371

​

 

59

​

 

1,050,106

​

Total loans held for investment, gross

​

$

533,140

​

$

433,724

​

$

77,984

​

$

1,480

​

$

90

​

$

4,371

​

$

59

​

$

1,050,848

​

ACL on loans as a percentage of gross loans held for investment

​

 

1.17

%  

 

0.13

%  

 

0.08

%  

 

3.24

%  

 

2.22

%  

 

0.85

%  

 

—

%  

 

0.66

%  

Net (recoveries) charge-offs to average loans receivable, net during the period

​

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended December 31, 2025

 

​

​

​

​

​

​

​

​

Commercial

​

​

​

​

​

​

​

Commercial

​

​

​

​

​

​

​

(Dollars In Thousands)

  ​ ​ ​

Single-family

  ​ ​ ​

Multi-family

  ​ ​ ​

Real Estate

  ​ ​ ​

Construction

  ​ ​ ​

Other

  ​ ​ ​

Business

  ​ ​ ​

Consumer

  ​ ​ ​

Total

 

ACL:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

ACL, beginning of period

​

$

5,734

​

$

615

​

$

55

​

$

12

​

$

2

​

$

6

​

$

—

​

$

6,424

​

(Recovery of) provision for credit losses

​

​

(700)

​

​

(86)

​

​

(4)

​

​

7

​

​

(1)

​

​

(6)

​

​

—

​

​

(790)

​

Recoveries

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

Charge-offs

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

ACL, end of period

​

$

5,034

​

$

529

​

$

51

​

$

19

​

$

1

​

$

—

​

$

—

​

$

5,634

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ACL:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Individually evaluated for impairment

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

Collectively evaluated for impairment

​

 

5,034

​

 

529

​

 

51

​

 

19

​

 

1

​

 

—

​

 

—

​

 

5,634

​

ACL, end of period

​

$

5,034

​

$

529

​

$

51

​

$

19

​

$

1

​

$

—

​

$

—

​

$

5,634

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Individually evaluated for impairment

​

$

—

​

$

461

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

461

​

Collectively evaluated for impairment

​

 

553,311

​

 

407,828

​

 

70,942

​

 

812

​

 

88

​

 

22

​

 

58

​

 

1,033,061

​

Total loans held for investment, gross

​

$

553,311

​

$

408,289

​

$

70,942

​

$

812

​

$

88

​

$

22

​

$

58

​

$

1,033,522

​

ACL on loans as a percentage of gross loans held for investment

​

 

0.91

%  

 

0.13

%  

 

0.07

%  

 

2.34

%  

 

1.14

%  

 

—

%  

 

—

%  

 

0.55

%

Net (recoveries) charge-offs to average loans receivable, net during the period

​

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended December 31, 2024

 

​

​

​

​

​

​

​

​

Commercial

​

​

​

​

​

​

​

Commercial

​

​

​

​

​

​

​

(Dollars In Thousands)

  ​ ​ ​

Single-family

  ​ ​ ​

Multi-family

  ​ ​ ​

Real Estate

  ​ ​ ​

Construction

  ​ ​ ​

Other

  ​ ​ ​

Business

  ​ ​ ​

Consumer

  ​ ​ ​

Total

 

ACL:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

 

ACL, beginning of period

​

$

6,295

​

$

595

​

$

66

​

$

97

​

$

1

​

$

11

​

$

—

​

$

7,065

​

(Recovery of) provision for credit losses

​

 

(34)

​

 

(46)

​

 

(7)

​

 

(49)

​

 

1

​

 

26

​

 

—

​

 

(109)

​

Recoveries

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

Charge-offs

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

 

—

​

ACL, end of period

​

$

6,261

​

$

549

​

$

59

​

$

48

​

$

2

​

$

37

​

$

—

​

$

6,956

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

ACL:

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Individually evaluated for impairment

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

Collectively evaluated for impairment

​

 

6,261

​

 

549

​

 

59

​

 

48

​

 

2

​

 

37

​

 

—

​

 

6,956

​

ACL, end of period

​

$

6,261

​

$

549

​

$

59

​

$

48

​

$

2

​

$

37

​

$

—

​

$

6,956

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment:

​

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Individually evaluated for impairment

​

$

742

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

—

​

$

742

​

Collectively evaluated for impairment

​

 

532,398

​

 

433,724

​

 

77,984

​

 

1,480

​

 

90

​

 

4,371

​

 

59

​

 

1,050,106

​

Total loans held for investment, gross

​

$

533,140

​

$

433,724

​

$

77,984

​

$

1,480

​

$

90

​

$

4,371

​

$

59

​

$

1,050,848

​

ACL on loans as a percentage of gross loans held for investment

​

 

1.17

%  

 

0.13

%  

 

0.08

%  

 

3.24

%  

 

2.22

%  

 

0.85

%  

 

—

%  

 

0.66

%

Net (recoveries) charge-offs to average loans receivable, net during the period

​

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%  

​

—

%
Schedule of recorded investment in non-performing loans

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At December 31, 2025

​

​

Unpaid

​

​

​

​

​

​

​

Net

​

​

Principal

​

Related

​

Recorded

​

​

​

Recorded

(In Thousands)

  ​ ​ ​

Balance

  ​ ​ ​

Charge-offs

  ​ ​ ​

Investment

  ​ ​ ​

ACL(1)

  ​ ​ ​

Investment

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Single-family:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

With a related allowance

​

$

535

​

$

—

​

$

535

​

$

(6)

​

$

529

Without a related allowance(2)

​

 

25

​

 

(25)

​

 

—

​

 

—

​

 

—

Total single-family loans

​

 

560

​

 

(25)

​

 

535

​

 

(6)

​

 

529

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Multi-family:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Without a related allowance(2)

​

​

461

​

​

—

​

​

461

​

​

—

​

​

461

Total multi-family loans

​

 

461

​

 

—

​

 

461

​

 

—

​

 

461

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total non-performing loans

​

$

1,021

​

$

(25)

​

$

996

​

$

(6)

​

$

990

​

(1)ACL, specifically assigned to the individual loan.
(2)There was no related ACL because the loans were charged-off to their fair value or the fair value of the collateral was higher than the loan balance.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At June 30, 2025

​

​

Unpaid

​

Related

​

​

​

​

​

Net

​

​

Principal

​

Charge-offs

​

Recorded

​

​

​

Recorded

(In Thousands)

  ​ ​ ​

Balance

  ​ ​ ​

Related

  ​ ​ ​

Investment

  ​ ​ ​

ACL(1)

  ​ ​ ​

Investment

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Mortgage loans:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Single-family:

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

With a related allowance

​

$

560

​

$

—

​

$

560

​

$

(7)

​

$

553

Without a related allowance(2)

​

 

420

​

 

(25)

​

 

395

​

 

—

​

 

395

Total single-family loans

​

 

980

​

 

(25)

​

 

955

​

 

(7)

​

 

948

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Multi-family:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Without a related allowance(2)

​

​

466

​

​

—

​

​

466

​

​

—

​

​

466

Total multi-family loans

​

 

466

​

 

—

​

 

466

​

 

—

​

 

466

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total non-performing loans

​

$

1,446

​

$

(25)

​

$

1,421

​

$

(7)

​

$

1,414

​

(1)ACL specifically assigned to the individual loan.
(2)There was no related ACL because the loans were charged-off to their fair value or the fair value of the collateral was higher than the loan balance.
Schedule of recorded investment in non-performing loans

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarter Ended December 31, 

​

​

2025

​

2024

​

​

​

Average

​

Interest

​

Average

​

Interest

​

​

​

Recorded

​

Income

​

Recorded

​

Income

(In Thousands)

  ​ ​ ​

​

Investment

  ​ ​ ​

Recognized

  ​ ​ ​

Investment

  ​ ​ ​

Recognized

Without related ACL:

 

​

​

 

​

​

 

​

​

 

​

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

$

63

​

$

2

​

$

743

 

$

1

Multi-family

​

​

462

​

​

16

​

​

—

​

​

—

​

 

 

525

​

 

18

​

 

743

 

 

1

​

​

​

​

​

​

​

​

​

​

​

​

​

With related ACL:

 

 

​

​

 

​

​

 

​

 

 

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

 

421

​

 

16

​

 

1,688

 

 

18

​

 

 

421

​

 

16

​

 

1,688

 

 

18

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

​

$

946

​

$

34

​

$

2,431

 

$

19

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six Months Ended December 31, 

​

​

2025

​

2024

​

​

​

Average

​

Interest

​

Average

​

Interest

​

​

​

Recorded

​

Income

​

Recorded

​

Income

(In Thousands)

  ​ ​ ​

​

Investment

  ​ ​ ​

Recognized

  ​ ​ ​

Investment

  ​ ​ ​

Recognized

Without related ACL:

 

​

​

 

​

​

 

​

​

 

​

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

$

129

​

$

11

​

$

795

 

$

6

Multi-family

​

​

606

​

 

24

​

 

—

 

​

—

​

 

​

735

​

 

35

​

 

795

 

​

6

​

​

​

​

​

​

​

​

​

​

​

​

​

With related ACL:

 

​

​

​

 

​

​

 

​

 

​

​

Mortgage loans:

​

​

​

​

​

​

​

​

​

​

​

​

Single-family

​

​

463

​

 

23

​

 

1,633

 

​

52

​

 

​

463

​

 

23

​

 

1,633

 

​

52

​

​

​

​

​

​

​

​

​

​

​

​

​

Total

​

$

1,198

​

$

58

​

$

2,428

 

$

58
Schedule of allowance for credit losses of undisbursed funds and commitments on loans held for investment

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Quarter Ended

​

For the Six Months Ended

​

​

December 31, 

​

December 31, 

(In Thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

Balance, beginning of the period

​

$

50

​

$

96

​

$

32

​

$

57

(Recovery of) provision for credit losses

​

​

(12)

​

​

(41)

​

​

6

​

​

(2)

Balance, end of the period

​

$

38

​

$

55

​

$

38

​

$

55
v3.25.4
Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables)
 6 Months Ended
Dec. 31, 2025
Derivative and Other Financial Instruments with Off-Balance Sheet Risks  
Schedule of undisbursed funds commitments

​

​

​

​

​

​

​

​

​

  ​ ​ ​

​

​

​

​

​

  ​ ​ ​

Commitments

​

December 31, 2025

​

June 30, 2025

​

(In Thousands)

 

​

  ​

 

​

  ​

 

Undisbursed loan funds – Construction loans

​

$

119

​

$

529

​

Undisbursed loan funds – Single-family loans(1)

​

​

—

​

​

53

​

Undisbursed lines of credit - Mortgage loans

​

​

—

​

​

8

​

Undisbursed lines of credit – Commercial business loans

​

 

953

​

 

2,208

​

Undisbursed lines of credit – Consumer loans

​

 

302

​

 

320

​

Commitments to extend credit on loans to be held for investment

​

 

10,087

​

 

6,061

​

Total

​

$

11,461

​

$

9,179

​

​

(1)Consists of undisbursed loan funds of previously reported construction loans that were converted to single-family loans based on their contractual terms.
Schedule of summary of recourse liability

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Quarter Ended 

  ​ ​ ​

For the Six Months Ended

​

​

December 31, 

​

December 31, 

Recourse Liability

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

(In Thousands)

​

​

​

​

​

​

​

​

​

​

​

​

Balance, beginning of the period

​

$

23

​

$

23

​

$

23

​

$

26

Recovery for recourse liability

​

 

—

​

 

—

​

 

—

​

 

(3)

Net settlements in lieu of loan repurchases

​

 

—

​

 

—

​

 

—

​

 

—

Balance, end of the period

​

$

23

​

$

23

​

$

23

​

$

23

​
v3.25.4
Fair Value of Financial Instruments (Tables)
 6 Months Ended
Dec. 31, 2025
Fair Value of Financial Instruments  
Schedule of aggregate fair value and aggregate unpaid principal balance of loans held for sale

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net

​

​

​

​

Unpaid Principal

​

Unrealized

(In Thousands)

  ​ ​ ​

Fair Value

  ​ ​ ​

or Base Cost

  ​ ​ ​

(Loss) Gain

As of December 31, 2025:

​

​

​

​

​

​

​

​

​

Loans held for investment, at fair value

​

$

1,006

​

$

1,136

​

$

(130)

Other equity investments, at fair value

​

$

721

​

$

—

​

$

721

​

​

​

​

​

​

​

​

​

​

As of June 30, 2025:

​

 

  ​

​

 

  ​

​

 

  ​

Loans held for investment, at fair value

​

$

1,018

​

$

1,158

​

$

(140)

Other equity investments, at fair value

​

$

730

​

$

—

​

$

730
Schedule of fair value, assets and liabilities measured on recurring basis

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurement at December 31, 2025 Using:

(In Thousands)

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

Investment securities - available for sale:

​

​

​

​

​

​

​

​

​

​

​

​

U.S. government agency MBS

​

$

—

​

$

943

​

$

—

​

$

943

U.S. government sponsored enterprise MBS

​

 

—

​

 

387

​

 

—

​

 

387

Private issue CMO

​

 

—

​

 

—

​

 

74

​

 

74

Investment securities - available for sale

​

 

—

​

 

1,330

​

 

74

​

 

1,404

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment, at fair value

​

 

—

​

 

—

​

 

1,006

​

 

1,006

Other equity investments, at fair value

​

​

—

​

​

721

​

​

—

​

​

721

Interest-only strips

​

 

—

​

 

—

​

 

5

​

 

5

Total assets

​

$

—

​

$

2,051

​

$

1,085

​

$

3,136

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities:

​

$

—

​

$

—

​

$

—

​

$

—

Total liabilities

​

$

—

​

$

—

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurement at June 30, 2025 Using:

(In Thousands)

  ​ ​ ​

​

Level 1

​

​

Level 2

  ​ ​ ​

​

Level 3

  ​ ​ ​

​

Total

Assets:

​

​

​

​

​

​

​

​

​

​

​

​

Investment securities - available for sale:

​

​

​

​

​

​

​

​

​

​

​

​

U.S. government agency MBS

​

$

—

​

$

1,082

​

$

—

​

$

1,082

U.S. government sponsored enterprise MBS

​

 

—

​

 

446

​

 

—

​

 

446

Private issue CMO

​

 

—

​

 

—

​

 

79

​

 

79

Investment securities - available for sale

​

 

—

​

 

1,528

​

 

79

​

 

1,607

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment, at fair value

​

 

—

​

 

—

​

 

1,018

​

 

1,018

Other equity investments, at fair value

​

​

—

​

​

730

​

​

—

​

​

730

Interest-only strips

​

 

—

​

 

—

​

 

6

​

 

6

Total assets

​

$

—

​

$

2,258

​

$

1,103

​

$

3,361

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities:

​

$

—

​

$

—

​

$

—

​

$

—

Total liabilities

​

$

—

​

$

—

​

$

—

​

$

—
Schedule for reconciliation of recurring fair value measurements using level 3 inputs

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Quarter Ended December 31, 2025

​

​

Fair Value Measurement

​

​

Using Significant Other Unobservable Inputs

​

​

(Level 3)

​

​

Private

​

Loans Held For

​

Interest-

​

​

​

​

Issue

​

Investment, at

​

Only

​

​

(In Thousands)

  ​ ​ ​

CMO

  ​ ​ ​

fair value(1)

  ​ ​ ​

Strips

  ​ ​ ​

Total

Beginning balance at September 30, 2025

​

$

75

​

$

1,010

​

$

5

​

$

1,090

Total gains or losses (realized/unrealized):

​

​

​

​

​

​

​

​

​

​

​

​

Included in earnings

​

 

—

​

 

7

​

 

—

​

 

7

Included in other comprehensive income

​

 

—

​

 

—

​

 

—

​

 

—

Purchases

​

 

—

​

 

—

​

 

—

​

 

—

Issuances

​

 

—

​

 

—

​

 

—

​

 

—

Settlements

​

 

(1)

​

 

(11)

​

 

—

​

 

(12)

Transfers in and/or out of Level 3

​

 

—

​

 

—

​

 

—

​

 

—

Ending balance at December 31, 2025

​

$

74

​

$

1,006

​

$

5

​

$

1,085

​

(1)The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Quarter Ended December 31, 2024

​

​

Fair Value Measurement

​

​

Using Significant Other Unobservable Inputs

​

​

(Level 3)

​

​

Private

​

Loans Held For

​

Interest-

​

​

​

​

Issue

​

Investment, at

​

Only

​

​

(In Thousands)

  ​ ​ ​

CMO

  ​ ​ ​

fair value(1)

  ​ ​ ​

Strips

  ​ ​ ​

Total

Beginning balance at September 30, 2024

​

$

85

​

$

1,082

​

$

6

​

$

1,173

Total gains or losses (realized/unrealized):

​

​

​

​

​

​

​

​

​

​

​

​

Included in earnings

​

 

—

​

 

(55)

​

 

—

​

 

(55)

Included in other comprehensive income

​

 

—

​

 

—

​

 

—

​

 

—

Purchases

​

 

—

​

 

—

​

 

—

​

 

—

Issuances

​

 

—

​

 

—

​

 

—

​

 

—

Settlements

​

 

(5)

​

 

(11)

​

 

—

​

 

(16)

Transfers in and/or out of Level 3

​

 

—

​

 

—

​

 

—

​

 

—

Ending balance at December 31, 2024

​

$

80

​

$

1,016

​

$

6

​

$

1,102

(2)
(1)The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Six Months Ended December 31, 2025

​

​

Fair Value Measurement

​

​

Using Significant Other Unobservable Inputs

​

​

(Level 3)

​

​

Private

​

Loans Held For

​

Interest-

​

​

​

​

Issue

​

Investment, at

​

Only

​

​

(In Thousands)

  ​ ​ ​

CMO

  ​ ​ ​

fair value(1)

  ​ ​ ​

Strips

  ​ ​ ​

Total

Beginning balance at June 30, 2025

​

$

79

​

$

1,018

​

$

6

​

$

1,103

Total gains or losses (realized/unrealized):

​

​

​

​

​

​

​

​

​

​

​

​

Included in earnings

​

 

—

​

 

10

​

 

—

​

 

10

Included in other comprehensive income

​

 

—

​

 

—

​

 

(1)

​

 

(1)

Purchases

​

 

—

​

 

—

​

 

—

​

 

—

Issuances

​

 

—

​

 

—

​

 

—

​

 

—

Settlements

​

 

(5)

​

 

(22)

​

 

—

​

 

(27)

Transfers in and/or out of Level 3

​

 

—

​

 

—

​

 

—

​

 

—

Ending balance at December 31, 2025

​

$

74

​

$

1,006

​

$

5

​

$

1,085

​

(1)The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Six Months Ended December 31, 2024

​

​

Fair Value Measurement

​

​

Using Significant Other Unobservable Inputs

​

​

(Level 3)

​

​

Private

​

Loans Held For 

​

Interest-

​

​

​

​

Issue

​

Investment, at

​

Only

​

​

(In Thousands)

  ​ ​ ​

CMO

  ​ ​ ​

fair value(1)

  ​ ​ ​

Strips

  ​ ​ ​

Total

Beginning balance at June 30, 2024

​

$

88

​

$

1,047

​

$

8

​

$

1,143

Total gains or losses (realized/ unrealized):

​

 

​

​

​

​

​

​

​

​

​

​

Included in earnings

​

 

—

​

 

(10)

​

 

—

​

 

(10)

Included in other comprehensive income

​

 

2

​

 

—

​

 

(2)

​

 

—

Purchases

​

 

—

​

 

—

​

 

—

​

 

—

Issuances

​

 

—

​

 

—

​

 

—

​

 

—

Settlements

​

 

(10)

​

 

(21)

​

 

—

​

 

(31)

Transfers in and/or out of Level 3

​

 

—

​

 

—

​

 

—

​

 

—

Ending balance at December 31, 2024

​

$

80

​

$

1,016

​

$

6

​

$

1,102

​

(1)The valuation of loans held for investment at fair value includes management estimates of the specific credit risk attributes of each loan, in addition to the quoted secondary-market prices which account for the interest rate characteristics of each loan.
Schedule of fair value assets measured on nonrecurring basis

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurement at December 31, 2025 Using:

(In Thousands)

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

  ​ ​ ​

Total

Mortgage servicing assets

​

$

—

​

$

—

​

$

108

​

$

108

Total

​

$

—

​

$

—

​

$

108

​

$

108

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurement at June 30, 2025 Using:

(In Thousands)

​

Level 1

​

Level 2

​

Level 3

​

Total

Mortgage servicing assets

​

$

—

​

$

—

​

$

88

​

$

88

Total

​

$

—

​

$

—

​

$

88

​

$

88
Schedule of additional information about valuation techniques and inputs used for assets and liabilities

​

The following table presents additional information about valuation techniques and inputs used for assets and liabilities, which are measured at fair value and categorized within Level 3 as of December 31, 2025:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Impact to

​

​

Fair Value

​

​

​

​

​

​

​

Valuation

​

​

As of

​

​

​

​

​

​

​

from an

​

​

December 31, 

​

Valuation

​

​

​

Range(1)

​

Increase in

(Dollars In Thousands)

  ​ ​ ​

2025

  ​ ​ ​

Techniques

  ​ ​ ​

Unobservable Inputs

  ​ ​ ​

(Weighted Average)

  ​ ​ ​

Inputs(2)

Assets:

​

​

​

​

​

​

​

​

​

​

​

Securities available-for sale: Private issue CMO

​

$

74

 

Market comparable pricing

 

Comparability adjustment

 

(0.9%) - 0.0% (0.2%)

 

Increase

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment, at fair value

​

$

1,006

 

Relative value analysis

 

Broker quotes

 

87.3% - 90.9% (89.5%)

 

Increase

​

​

​

​

​

​

​

Credit risk factor

 

0.9% - 1.1% (1.0%)

​

Decrease

​

​

​

​

​

​

​

​

​

​

​

​

MSAs

​

$

108

 

Discounted cash flow

 

Prepayment rate (CPR)

 

5.8% - 60.0% (12.9%)

 

Decrease

​

​

​

​

​

​

 

Discount rate

 

9.0% - 10.5% (9.0%)

 

Decrease

​

​

​

​

​

​

​

​

​

​

​

​

Interest-only strips

​

$

5

 

Discounted cash flow

 

Prepayment rate (CPR)

 

10.2% - 23.9% (20.1%)

​

Decrease

​

​

​

​

​

​

 

Discount rate

 

9.0%

 

Decrease

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities:

​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

​

​

​

​

​

​

​

​

​

​

​

​

None

​

​

​

​

​

​

​

​

​

​

​

​

(1)The range is based on the historical estimated fair values and management estimates.
(2)Unless otherwise noted, this column represents the directional change in the fair value of the Level 3 asset instruments that would result from an increase to the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant changes in these inputs in isolation could result in significantly higher or lower fair value measurements.
Schedule of carrying amount and fair value of financial instruments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

​

Carrying

​

Fair

​

​

​

​

​

​

​

​

​

(In Thousands)

  ​ ​ ​

Amount

  ​ ​ ​

Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Financial assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment, not recorded at fair value

​

$

1,036,649

​

$

1,000,479

​

$

—

​

$

—

​

$

1,000,479

Investment securities - held to maturity

​

$

98,899

​

$

90,806

​

$

—

​

$

90,806

​

$

—

FHLB – San Francisco stock

​

$

9,568

​

$

9,568

​

$

—

​

$

9,568

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial liabilities:

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

​

 

  ​

Deposits

​

$

872,434

​

$

873,075

​

$

—

​

$

873,075

​

$

—

Borrowings

​

$

213,060

​

$

213,559

​

$

—

​

$

213,559

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2025

​

​

Carrying

​

Fair

​

​

​

​

​

​

​

​

​

(In Thousands)

  ​ ​ ​

Amount

  ​ ​ ​

Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Financial assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Loans held for investment, not recorded at fair value

​

$

1,044,727

​

$

996,332

​

$

—

​

$

—

​

$

996,332

Investment securities - held to maturity

​

$

109,399

​

$

99,126

​

$

—

​

$

99,126

​

$

—

FHLB – San Francisco stock

​

$

9,568

​

$

9,568

​

$

—

​

$

9,568

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial liabilities:

​

 

​

​

 

​

​

 

​

​

 

​

​

 

​

Deposits

​

$

888,772

​

$

889,115

​

$

—

​

$

889,115

​

$

—

Borrowings

​

$

213,073

​

$

213,505

​

$

—

​

$

213,505

​

$

—

​
v3.25.4
Revenue From Contracts With Customers (Tables)
 6 Months Ended
Dec. 31, 2025
Revenue From Contracts With Customers  
Schedule of non-interest income disaggregated by type of service

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarter Ended

​

Six Months Ended

​

​

December 31, 

​

December 31, 

Type of Services

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

(In Thousands)

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

Loan servicing and other fees(1)

​

$

176

​

$

60

​

$

322

​

$

164

Deposit account fees

​

​

273

​

​

282

​

​

538

​

​

580

Card and processing fees

​

​

286

​

​

300

​

​

588

​

​

620

Other(2)

​

 

182

​

 

203

​

 

282

​

 

380

Total non-interest income

​

$

917

​

$

845

​

$

1,730

​

$

1,744

​

(1)Not within the scope of ASC 606.
(2)Includes net BOLI income of $46 thousand, $46 thousand, $92 thousand and $92 thousand, net loss on sale of loans of $0, $20 thousand, $34 thousand and $41 thousand, net unrealized gain (loss) on other equity investments of $19 thousand, $85 thousand, $(9) thousand and $110 thousand, for the quarters and six months ended December 31, 2025 and 2024, respectively which are not within the scope of ASC 606.
v3.25.4
Leases (Tables)
 6 Months Ended
Dec. 31, 2025
Leases  
Schedule of supplemental information related to leases

​

​

​

​

​

​

​

​

(In Thousands)

​

At December 31, 2025

​

​

At June 30, 2025

Condensed Consolidated Statements of Condition:

 

​

  ​

 

​

  ​

​

​

​

​

​

​

​

Operating Leases:

​

​

​

​

​

​

Premises and equipment - Operating lease right-of-use assets

​

$

2,383

 

$

1,651

Accounts payable, accrued interest and other liabilities – Operating lease liabilities

​

$

2,404

​

$

1,682

​

​

​

​

​

​

​

Finance Leases:

​

​

​

​

​

​

Premises and equipment at cost

​

$

84

​

$

84

Accumulated amortization

​

​

(18)

​

​

(9)

Premises and equipment - Finance lease right-of-use assets

​

$

66

​

$

75

​

​

​

​

​

​

​

Borrowings - Finance lease liabilities

​

$

60

 

$

73

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarter Ended

​

Six Months Ended

​

  ​ ​ ​

December 31, 

  ​ ​ ​

December 31, 

(In Thousands)

​

2025

​

​

2024

​

2025

​

​

2024

Condensed Consolidated Statements of Operations:

​

 

  ​

 

​

  ​

​

 

  ​

 

​

  ​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating lease expense:

​

​

​

​

​

​

​

​

​

​

​

​

Premises and occupancy expenses from operating leases(1)

​

$

170

 

$

168

​

$

337

 

$

350

Equipment expenses from operating leases(1)

​

​

—

​

​

35

​

​

—

​

​

69

Total operating lease expense

​

​

170

​

​

203

​

​

337

​

​

419

​

​

​

​

​

​

​

​

​

​

​

​

​

Finance lease expense:

​

​

​

​

​

​

​

​

​

​

​

​

Equipment expenses from finance leases(1)

​

​

6

​

​

—

​

​

12

​

​

—

Interest on finance lease liabilities

​

​

1

​

​

—

​

​

2

​

​

—

Total finance lease expense

​

​

7

​

​

—

​

​

14

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

Total lease expense

​

$

177

​

$

203

​

$

351

​

$

419

​

(1)Includes immaterial variable lease costs.

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Six Months Ended

​

Six Months Ended

(In Thousands)

​

December 31, 2025

​

December 31, 2024

Condensed Consolidated Statements of Cash Flows:

​

 

  ​

 

​

  ​

Operating cash used for operating leases, net

​

$

347

​

$

418

Operating cash used for finance leases, net

​

$

4

​

$

—

Financing cash used for finance leases, net

​

$

13

​

$

—

​

​

​

​

​

​

​

Right-of-use assets obtained in exchange for lease obligations:

​

​

​

​

​

​

Operating leases

​

$

1,035

​

$

795

​

​
Schedule of remaining minimum contractual operating lease payments

​

​

​

​

​

​

​

​

​

​

Operating Leases

​

​

Finance Leases

 

​

Amount(1)

​

​

Amount(1)

​

Fiscal Year Ending June 30, 

(In Thousands)

​

​

(In Thousands)

​

Remainder of fiscal 2026

$

348

​

​

$

15

​

Fiscal 2027

​

703

​

​

 

30

​

Fiscal 2028

​

672

​

​

 

18

​

Fiscal 2029

​

377

​

​

 

—

​

Fiscal 2030

​

247

​

​

 

—

​

Thereafter

​

275

​

​

 

—

​

Total contract lease payments

$

2,622

​

​

$

63

​

​

​

​

​

​

​

​

​

Total liability to make lease payments

$

2,404

​

​

$

60

​

Difference in undiscounted and discounted future lease payments

$

218

​

​

$

3

​

Weighted average discount rate

​

4.08

%

​

 

4.50

%

Weighted average remaining lease term (years)

​

4.2

​

​

 

2.1

​

​

(1)Contractual base rents do not include property taxes and other operating expenses due under respective lease agreements.
v3.25.4
Segment Reporting (Tables)
 6 Months Ended
Dec. 31, 2025
Segment Reporting  
Schedule of the financial performance measures that the CODM

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

At or For the Quarter Ended December 31,

​

At or For the Six Months Ended December 31,

​

(Dollars In Thousands, Except Per Share Information)

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

​

 

​

  ​

 

​

  ​

 

​

  ​

 

​

  ​

 

Interest income

​

$

13,950

​

$

14,021

​

$

28,096

​

$

28,096

​

Interest expense

​

 

5,026

​

 

5,262

​

 

10,242

​

 

10,721

​

Net interest income

​

​

8,924

​

​

8,759

​

​

17,854

​

​

17,375

​

(Recovery of) provision for credit losses

​

​

(158)

​

​

586

​

​

(784)

​

​

(111)

​

Net interest income, after (recovery of) provision for credit losses

​

​

9,082

​

​

8,173

​

​

18,638

​

​

17,486

​

Non-interest income

​

​

917

​

​

845

​

​

1,730

​

​

1,744

​

Non-interest expense

​

​

7,949

​

​

7,794

​

​

15,583

​

​

15,317

​

Income before taxes

​

​

2,050

​

​

1,224

​

​

4,785

​

​

3,913

​

Provision for income taxes

​

​

614

​

​

352

​

​

1,668

​

​

1,141

​

Net income

​

$

1,436

​

$

872

​

$

3,117

​

$

2,772

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Diluted earnings per share

​

$

0.22

​

$

0.13

​

$

0.47

​

$

0.41

​

Return on average assets

​

​

0.47

%  

​

0.28

%  

​

0.51

%  

​

0.45

%  

Return on average equity

​

​

4.44

%  

​

2.66

%  

​

4.81

%  

​

4.22

%  

Net interest margin

​

​

3.03

%  

​

2.91

%  

​

3.01

%  

​

2.87

%  

Efficiency ratio

​

​

80.77

%  

​

81.15

%  

​

79.57

%  

​

80.11

%  

Loans held for investment growth

​

​

(0.40)

%  

​

0.47

%  

​

(0.77)

%  

​

0.06

%  

Deposit growth

​

​

(0.27)

%  

​

0.42

%  

​

(1.84)

%  

​

(2.35)

%  

Loans held for investment as a percentage of total deposits

​

​

118.94

%  

​

121.45

%  

​

118.94

%  

​

121.45

%  

Core deposits as a percentage of total deposits

​

​

64.05

%  

​

68.34

%  

​

64.05

%  

​

68.34

%  

Tier 1 leverage capital ratio

​

​

9.79

%  

​

9.81

%  

​

9.79

%  

​

9.81

%  

Non-performing assets as a percentage of total assets

​

​

0.08

%  

​

0.20

%  

​

0.08

%  

​

0.20

%  

​
v3.25.4
Earnings Per Share - Summary of Earnings Per Share Basic and Diluted (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Numerator:        
Net income - numerator for basic earnings per share and diluted earnings per share - available to common stockholders $ 1,436 $ 872 $ 3,117 $ 2,772
Denominator for basic earnings per share:        
Weighted-average shares 6,462 6,745 6,514 6,789
Denominator for diluted earnings per share:        
Adjusted weighted-average shares and assumed conversions 6,531 6,793 6,578 6,828
Basic earnings per share ( in dollars per share) $ 0.22 $ 0.13 $ 0.48 $ 0.41
Diluted earnings per share ( in dollars per share) $ 0.22 $ 0.13 $ 0.47 $ 0.41
Employee Stock Option        
Denominator for basic earnings per share:        
Less effect of dilutive shares 12 13 10 6
Restricted stock        
Denominator for basic earnings per share:        
Less effect of dilutive shares 57 35 54 33
v3.25.4
Earnings Per Share - Additional Information (Details) - shares
 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Earnings Per Share    
Stock options, outstanding 229,000 223,000
Antidilutive securities excluded from computation of earnings per share 89,000 95,000
Restricted stock, outstanding 140,900 162,200
v3.25.4
Investment Securities - Schedule of amortized cost and estimated fair value of Held to maturity investments (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Held to maturity    
Amortized Cost $ 98,899 $ 109,399
Gross Unrealized Gains 162 141
Gross Unrealized (Losses) (8,255) (10,414)
Estimated Fair Value 90,806 99,126
Carrying Value 98,899 109,399
U.S. government sponsored enterprise MBS    
Held to maturity    
Amortized Cost 94,281 [1] 104,549
Gross Unrealized Gains 144 [1] 127
Gross Unrealized (Losses) (8,197) [1] (10,305)
Estimated Fair Value 86,228 [1] 94,371
Carrying Value 94,281 [1] 104,549
U.S. government sponsored enterprise CMO    
Held to maturity    
Amortized Cost 4,404 [2] 4,525
Gross Unrealized Gains 18 [2] 14
Gross Unrealized (Losses) (56) [2] (108)
Estimated Fair Value 4,366 [2] 4,431
Carrying Value 4,404 [2] 4,525
U.S. SBA securities    
Held to maturity    
Amortized Cost 214 [3] 325
Gross Unrealized Gains 0 [3] 0
Gross Unrealized (Losses) (2) [3] (1)
Estimated Fair Value 212 [3] 324
Carrying Value $ 214 [3] $ 325
[1] Mortgage-Backed Securities (“MBS”)
[2] Collateralized Mortgage Obligations (“CMO”)
[3] Small Business Administration (“SBA”)
v3.25.4
Investment Securities - Schedule of amortized cost and estimated fair value of Available for sale securities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Available for sale    
Amortized Cost $ 1,384 $ 1,587
Gross Unrealized Gains 20 20
Gross Unrealized (Losses) 0 0
Estimated Fair Value 1,404 1,607
U.S. government agency MBS    
Available for sale    
Amortized Cost 932 [1] 1,072
Gross Unrealized Gains 11 [1] 10
Gross Unrealized (Losses) 0 [1] 0
Estimated Fair Value 943 [1] 1,082
U.S. government sponsored enterprise MBS    
Available for sale    
Amortized Cost 378 [1] 436
Gross Unrealized Gains 9 [1] 10
Gross Unrealized (Losses) 0 [1] 0
Estimated Fair Value 387 [1] 446
Private issue CMO    
Available for sale    
Amortized Cost 74 [2] 79
Gross Unrealized Gains 0 [2] 0
Gross Unrealized (Losses) 0 [2] 0
Estimated Fair Value $ 74 [2] $ 79
[1] Mortgage-Backed Securities (“MBS”)
[2] Collateralized Mortgage Obligations (“CMO”)
v3.25.4
Investment Securities - Total investment securities for amortized cost and estimated fair value (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Investment Securities    
Amortized Cost $ 100,283 $ 110,986
Gross Unrealized Gains 182 161
Gross Unrealized (Losses) (8,255) (10,414)
Estimated Fair Value 92,210 100,733
Carrying Value $ 100,303 $ 111,006
v3.25.4
Investment Securities - Investments with Unrealized Loss Positions for Held to maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Schedule of Held-to-Maturity Securities [Line Items]    
Unrealized Holding Losses Less Than 12 Months, Fair Value   $ 324
Unrealized Holding Losses Less Than 12 Months, Accumulated Loss   1
Unrealized Holding Losses 12 Months or More, Fair Value $ 85,973 93,457
Unrealized Holding Losses 12 Months or More, Unrealized Losses 8,255 10,413
Unrealized Holding Losses Total, Fair Value 85,973 93,781
Unrealized Holding Losses Total, Unrealized Losses 8,255 10,414
U.S. government sponsored enterprise MBS    
Schedule of Held-to-Maturity Securities [Line Items]    
Unrealized Holding Losses Less Than 12 Months, Fair Value 0  
Unrealized Holding Losses Less Than 12 Months, Accumulated Loss 0  
Unrealized Holding Losses 12 Months or More, Fair Value 82,396 90,022
Unrealized Holding Losses 12 Months or More, Unrealized Losses 8,197 10,305
Unrealized Holding Losses Total, Fair Value 82,396 90,022
Unrealized Holding Losses Total, Unrealized Losses 8,197 10,305
U.S. government sponsored enterprise CMO    
Schedule of Held-to-Maturity Securities [Line Items]    
Unrealized Holding Losses 12 Months or More, Fair Value 3,365 3,435
Unrealized Holding Losses 12 Months or More, Unrealized Losses 56 108
Unrealized Holding Losses Total, Fair Value 3,365 3,435
Unrealized Holding Losses Total, Unrealized Losses 56 108
U.S. SBA securities    
Schedule of Held-to-Maturity Securities [Line Items]    
Unrealized Holding Losses Less Than 12 Months, Fair Value   324
Unrealized Holding Losses Less Than 12 Months, Accumulated Loss   1
Unrealized Holding Losses 12 Months or More, Fair Value 212  
Unrealized Holding Losses 12 Months or More, Unrealized Losses 2  
Unrealized Holding Losses Total, Fair Value 212 324
Unrealized Holding Losses Total, Unrealized Losses $ 2 $ 1
v3.25.4
Investment Securities - Investments with Unrealized Loss Positions for Available for sale (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Schedule of Available-for-sale Securities [Line Items]    
Unrealized Holding Losses, Less Than 12 Months, Fair Value $ 31 $ 37
Unrealized Holding Losses, 12 Months or More, Fair Value 29 30
Unrealized Holding Losses Total, Fair Value 60 67
U.S. government agency MBS    
Schedule of Available-for-sale Securities [Line Items]    
Unrealized Holding Losses, Less Than 12 Months, Fair Value 31 37
Unrealized Holding Losses, 12 Months or More, Fair Value 13 13
Unrealized Holding Losses Total, Fair Value 44 50
Private issue CMO    
Schedule of Available-for-sale Securities [Line Items]    
Unrealized Holding Losses, 12 Months or More, Fair Value 16 17
Unrealized Holding Losses Total, Fair Value $ 16 $ 17
v3.25.4
Investment Securities - Investments with Unrealized Loss Positions for total investment securities (Details) - USD ($)
Dec. 31, 2025
Jun. 30, 2025
Investment Securities    
Unrealized Holding Losses Less Than 12 Months, Fair Value $ 31,000 $ 361,000
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses 1,000 1,000
Unrealized Holding Losses 12 Months or More, Fair Value 86,002,000 93,487,000
Unrealized Holding Losses 12 Months or More, Unrealized Losses 8,255,000 10,413,000
Unrealized Holding Losses Total, Fair Value 86,033,000 93,848,000
Unrealized Holding Losses Total, Unrealized Losses $ 8,255,000 $ 10,414,000
v3.25.4
Investment Securities - Borrowings (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Short-Term Debt [Line Items]    
Federal Home Loan Bank advances, unused borrowing facility $ 213,100 $ 282,300
Loans held for investment 1,037,655 1,045,745
Investment securities - held to maturity 98,899 109,399
Loans held for investment fair value 1,000 1,000
Total available borrowing capacity across all sources 456,400 474,800
Pledged as Collateral | Federal Reserve Bank advances    
Short-Term Debt [Line Items]    
Loans held for investment, current 310,000 227,000
Federal Reserve Bank advances | Discount window facility    
Short-Term Debt [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity 193,300 142,500
Advances outstanding 0 0
Federal funds facility    
Short-Term Debt [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity $ 50,000 $ 50,000
v3.25.4
Investment Securities - Schedule of Available for Sale Securities by Contractual Maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Available for sale, Amortized Cost    
Due in one year or less $ 0 $ 0
Due after one through five years 0 0
Due after five through ten years 1,288 1,483
Due after ten years 96 104
Total investment securities - available for sale, Amortized Cost 1,384 1,587
Amortized Cost 100,283 110,986
Available for sale, Estimated Fair Value    
Due in one year or less 0 0
Due after one through five years 0 0
Due after five through ten years 1,307 1,501
Due after ten years 97 106
Total investment securities - available for sale, Estimated Fair Value 1,404 1,607
Estimated Fair Value $ 92,210 $ 100,733
v3.25.4
Investment Securities - Schedule of Held to maturity Securities by Contractual Maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Held to maturity, Amortized Cost    
Due in one year or less $ 152 $ 69
Due after one through five years 17,682 4,921
Due after five through ten years 49,505 40,773
Due after ten years 31,560 63,636
Total investment securities - held to maturity, Amortized Cost 98,899 109,399
Held to maturity, Estimated Fair Value    
Due in one year or less 150 68
Due after one through five years 16,951 4,760
Due after five through ten years 45,779 38,224
Due after ten years 27,926 56,074
Total investment securities - held to maturity, Estimated Fair Value $ 90,806 $ 99,126
v3.25.4
Investment Securities - Additional Information (Details) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Debt Securities, Available-for-Sale [Line Items]              
Unrealized loss position $ 8,255,000   $ 8,255,000   $ 10,414,000    
Unrealized Holding Losses 12 Months or More, Unrealized Losses 8,255,000   8,255,000   10,413,000    
Unrealized Holding Losses Less Than 12 Months, Unrealized Losses 1,000   1,000   1,000    
Investment securities - held to maturity, allowance for credit losses 0   0   0 $ 0 $ 0
Impairment loss on held to maturity securities     0   0    
Impairment loss on available for sale securities     0   $ 0    
U.S. government sponsored enterprise MBS              
Debt Securities, Available-for-Sale [Line Items]              
Principal payments from investment securities held to maturity 5,100,000 $ 5,300,000 10,600,000 $ 11,100,000      
Proceeds from sale of investment securities available for sale 0 $ 0 0 $ 0      
U.S. Government sponsored enterprise securities              
Debt Securities, Available-for-Sale [Line Items]              
Allowance for credit losses on investment securities $ 0   $ 0        
v3.25.4
Loans Held for Investment - Schedule of Loans Held for Investment (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Loans Held for Investment            
Total loans held for investment $ 1,033,522   $ 1,042,423 $ 1,050,848    
Advance payments of escrows 196   293      
Deferred loan costs, net 9,571   9,453      
ACL on loans (5,634) $ (5,780) (6,424) (6,956) $ (6,329) $ (7,065)
Total loans held for investment, net 1,037,655   1,045,745      
Mortgage loans | Single-family            
Loans Held for Investment            
Total loans held for investment 553,311   544,425 533,140    
ACL on loans (5,034) (5,126) (5,734) (6,261) (5,679) (6,295)
Mortgage loans | Multi-family            
Loans Held for Investment            
Total loans held for investment 408,289   423,417 433,724    
ACL on loans (529) (584) (615) (549) (503) (595)
Mortgage loans | Commercial real estate            
Loans Held for Investment            
Total loans held for investment 70,942   72,766 77,984    
ACL on loans (51) (53) (55) (59) (58) (66)
Mortgage loans | Construction            
Loans Held for Investment            
Total loans held for investment 812   402 1,480    
ACL on loans (19) (12) (12) (48) (78) (97)
Mortgage loans | Other            
Loans Held for Investment            
Total loans held for investment 88   89 90    
ACL on loans (1) (1) (2) (2) (1) (1)
Commercial business loans            
Loans Held for Investment            
Total loans held for investment 22   1,267 4,371    
ACL on loans   $ (4) (6) (37) $ (10) $ (11)
Consumer loans            
Loans Held for Investment            
Total loans held for investment $ 58   $ 57 $ 59    
v3.25.4
Loans Held for Investment - Schedule of Loans Held for Investment Contractually Repricing (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Fixed Rate $ 105,882    
Total 1,033,522 $ 1,042,423 $ 1,050,848
Within One Year      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 300,370    
After One Year Through 3 Years      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 230,993    
After 3 Years Through 5 Years      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 192,702    
After 5 Years Through 10 Years      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 203,575    
Mortgage loans | Single-family      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Fixed Rate 105,316    
Total 553,311 544,425 533,140
Mortgage loans | Single-family | Within One Year      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 51,057    
Mortgage loans | Single-family | After One Year Through 3 Years      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 74,378    
Mortgage loans | Single-family | After 3 Years Through 5 Years      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 122,473    
Mortgage loans | Single-family | After 5 Years Through 10 Years      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 200,087    
Mortgage loans | Multi-family      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Fixed Rate 90    
Total 408,289 423,417 433,724
Mortgage loans | Multi-family | Within One Year      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 220,982    
Mortgage loans | Multi-family | After One Year Through 3 Years      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 122,349    
Mortgage loans | Multi-family | After 3 Years Through 5 Years      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 61,380    
Mortgage loans | Multi-family | After 5 Years Through 10 Years      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 3,488    
Mortgage loans | Commercial real estate      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Fixed Rate 366    
Total 70,942 72,766 77,984
Mortgage loans | Commercial real estate | Within One Year      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 27,461    
Mortgage loans | Commercial real estate | After One Year Through 3 Years      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 34,266    
Mortgage loans | Commercial real estate | After 3 Years Through 5 Years      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 8,849    
Mortgage loans | Construction      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total 812 402 1,480
Mortgage loans | Construction | Within One Year      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate 812    
Mortgage loans | Other      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Fixed Rate 88    
Total 88 89 90
Commercial business loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Fixed Rate 22    
Total 22 1,267 4,371
Consumer loans      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total 58 $ 57 $ 59
Consumer loans | Within One Year      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Loans receivable, Adjustable Rate $ 58    
v3.25.4
Loans Held for Investment - Schedule of Commercial real estate loans by property types and LTV (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Loans Held for Investment      
Total commercial real estate $ 1,033,522 $ 1,042,423 $ 1,050,848
Mortgage loans | Commercial real estate      
Loans Held for Investment      
Total commercial real estate $ 70,942 $ 72,766 $ 77,984
Percentage of Total commercial Real Estate 100.00% 100.00%  
Weighted Average LTV 36 37  
Mortgage loans | Commercial real estate | Office      
Loans Held for Investment      
Total commercial real estate $ 23,763 $ 25,561  
Percentage of Total commercial Real Estate 33.00% 35.00%  
Weighted Average LTV 39 41  
Mortgage loans | Commercial real estate | Mixed use      
Loans Held for Investment      
Total commercial real estate $ 15,682 $ 14,609  
Percentage of Total commercial Real Estate 22.00% 20.00%  
Weighted Average LTV 34 33  
Mortgage loans | Commercial real estate | Office/Retail      
Loans Held for Investment      
Total commercial real estate $ 6,300 $ 6,400  
Mortgage loans | Commercial real estate | Multi-family/Retail      
Loans Held for Investment      
Total commercial real estate 5,800 5,300  
Mortgage loans | Commercial real estate | Other Mixed Use      
Loans Held for Investment      
Total commercial real estate 2,400 1,600  
Mortgage loans | Commercial real estate | Multi-family/Commercial      
Loans Held for Investment      
Total commercial real estate 732 739  
Mortgage loans | Commercial real estate | Multi-family/Office      
Loans Held for Investment      
Total commercial real estate 385 559  
Mortgage loans | Commercial real estate | Retail      
Loans Held for Investment      
Total commercial real estate $ 8,333 $ 8,001  
Percentage of Total commercial Real Estate 12.00% 11.00%  
Weighted Average LTV 33 31  
Mortgage loans | Commercial real estate | Warehouse      
Loans Held for Investment      
Total commercial real estate $ 8,487 $ 9,201  
Percentage of Total commercial Real Estate 12.00% 13.00%  
Weighted Average LTV 29 30  
Mortgage loans | Commercial real estate | Medical/dental office      
Loans Held for Investment      
Total commercial real estate $ 6,267 $ 6,888  
Percentage of Total commercial Real Estate 9.00% 9.00%  
Weighted Average LTV 41 43  
Mortgage loans | Commercial real estate | Mobile home park      
Loans Held for Investment      
Total commercial real estate $ 6,678 $ 6,761  
Percentage of Total commercial Real Estate 9.00% 9.00%  
Weighted Average LTV 37 37  
Mortgage loans | Commercial real estate | Restaurant/Fast Food      
Loans Held for Investment      
Total commercial real estate $ 1,166 $ 1,174  
Percentage of Total commercial Real Estate 2.00% 2.00%  
Weighted Average LTV 45 46  
Mortgage loans | Commercial real estate | Automotive - non gasoline      
Loans Held for Investment      
Total commercial real estate $ 566 $ 571  
Percentage of Total commercial Real Estate 1.00% 1.00%  
Weighted Average LTV 26 26  
Mortgage loans | Owner Occupied Loan Balance      
Loans Held for Investment      
Total commercial real estate $ 9,970 $ 10,469  
Mortgage loans | Owner Occupied Loan Balance | Office      
Loans Held for Investment      
Total commercial real estate 5,226 5,666  
Mortgage loans | Owner Occupied Loan Balance | Mixed use      
Loans Held for Investment      
Total commercial real estate 272 279  
Mortgage loans | Owner Occupied Loan Balance | Warehouse      
Loans Held for Investment      
Total commercial real estate 1,312 1,332  
Mortgage loans | Owner Occupied Loan Balance | Medical/dental office      
Loans Held for Investment      
Total commercial real estate 2,485 2,511  
Mortgage loans | Owner Occupied Loan Balance | Restaurant/Fast Food      
Loans Held for Investment      
Total commercial real estate 675 681  
Mortgage loans | Non Owner Occupied Loan Balance      
Loans Held for Investment      
Total commercial real estate 60,972 62,297  
Mortgage loans | Non Owner Occupied Loan Balance | Office      
Loans Held for Investment      
Total commercial real estate 18,537 19,895  
Mortgage loans | Non Owner Occupied Loan Balance | Mixed use      
Loans Held for Investment      
Total commercial real estate 15,410 14,330  
Mortgage loans | Non Owner Occupied Loan Balance | Retail      
Loans Held for Investment      
Total commercial real estate 8,333 8,001  
Mortgage loans | Non Owner Occupied Loan Balance | Warehouse      
Loans Held for Investment      
Total commercial real estate 7,175 7,869  
Mortgage loans | Non Owner Occupied Loan Balance | Medical/dental office      
Loans Held for Investment      
Total commercial real estate 3,782 4,377  
Mortgage loans | Non Owner Occupied Loan Balance | Mobile home park      
Loans Held for Investment      
Total commercial real estate 6,678 6,761  
Mortgage loans | Non Owner Occupied Loan Balance | Restaurant/Fast Food      
Loans Held for Investment      
Total commercial real estate 491 493  
Mortgage loans | Non Owner Occupied Loan Balance | Automotive - non gasoline      
Loans Held for Investment      
Total commercial real estate $ 566 $ 571  
v3.25.4
Loans Held for Investment - Schedule of commercial real estate loans by geographic concentration (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Loans Held for Investment      
Total commercial real estate $ 1,033,522 $ 1,042,423 $ 1,050,848
Mortgage loans | Commercial real estate      
Loans Held for Investment      
Total commercial real estate $ 70,942 $ 72,766 $ 77,984
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Commercial real estate | Inland empire      
Loans Held for Investment      
Total commercial real estate $ 13,183 $ 13,744  
Percentage of commercial real estate loan 19.00% 19.00%  
Mortgage loans | Commercial real estate | Southern California      
Loans Held for Investment      
Total commercial real estate $ 37,870 $ 39,213  
Percentage of commercial real estate loan 53.00% 54.00%  
Mortgage loans | Commercial real estate | Other California      
Loans Held for Investment      
Total commercial real estate $ 19,889 $ 19,809  
Percentage of commercial real estate loan 28.00% 27.00%  
Mortgage loans | Commercial real estate | Office      
Loans Held for Investment      
Total commercial real estate $ 23,763 $ 25,561  
Mortgage loans | Commercial real estate | Mixed use      
Loans Held for Investment      
Total commercial real estate 15,682 14,609  
Mortgage loans | Commercial real estate | Retail      
Loans Held for Investment      
Total commercial real estate 8,333 8,001  
Mortgage loans | Commercial real estate | Warehouse      
Loans Held for Investment      
Total commercial real estate 8,487 9,201  
Mortgage loans | Commercial real estate | Medical/dental office      
Loans Held for Investment      
Total commercial real estate 6,267 6,888  
Mortgage loans | Commercial real estate | Mobile home park      
Loans Held for Investment      
Total commercial real estate 6,678 6,761  
Mortgage loans | Commercial real estate | Restaurant/Fast Food      
Loans Held for Investment      
Total commercial real estate 1,166 1,174  
Mortgage loans | Commercial real estate | Automotive - non gasoline      
Loans Held for Investment      
Total commercial real estate 566 571  
Mortgage loans | Owner Occupied Loan Balance      
Loans Held for Investment      
Total commercial real estate $ 9,970 $ 10,469  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Owner Occupied Loan Balance | Inland empire      
Loans Held for Investment      
Total commercial real estate $ 511 $ 901  
Percentage of commercial real estate loan 5.00% 9.00%  
Mortgage loans | Owner Occupied Loan Balance | Southern California      
Loans Held for Investment      
Total commercial real estate $ 8,640 $ 8,732  
Percentage of commercial real estate loan 87.00% 83.00%  
Mortgage loans | Owner Occupied Loan Balance | Other California      
Loans Held for Investment      
Total commercial real estate $ 819 $ 836  
Percentage of commercial real estate loan 8.00% 8.00%  
Mortgage loans | Owner Occupied Loan Balance | Office      
Loans Held for Investment      
Total commercial real estate $ 5,226 $ 5,666  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Owner Occupied Loan Balance | Office | Inland empire      
Loans Held for Investment      
Total commercial real estate $ 244 $ 630  
Percentage of commercial real estate loan 5.00% 11.00%  
Mortgage loans | Owner Occupied Loan Balance | Office | Southern California      
Loans Held for Investment      
Total commercial real estate $ 4,802 $ 4,852  
Percentage of commercial real estate loan 92.00% 86.00%  
Mortgage loans | Owner Occupied Loan Balance | Office | Other California      
Loans Held for Investment      
Total commercial real estate $ 180 $ 184  
Percentage of commercial real estate loan 3.00% 3.00%  
Mortgage loans | Owner Occupied Loan Balance | Mixed use      
Loans Held for Investment      
Total commercial real estate $ 272 $ 279  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Owner Occupied Loan Balance | Mixed use | Other California      
Loans Held for Investment      
Total commercial real estate $ 272 $ 279  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Owner Occupied Loan Balance | Warehouse      
Loans Held for Investment      
Total commercial real estate $ 1,312 $ 1,332  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Owner Occupied Loan Balance | Warehouse | Southern California      
Loans Held for Investment      
Total commercial real estate $ 945 $ 959  
Percentage of commercial real estate loan 72.00% 72.00%  
Mortgage loans | Owner Occupied Loan Balance | Warehouse | Other California      
Loans Held for Investment      
Total commercial real estate $ 367 $ 373  
Percentage of commercial real estate loan 28.00% 28.00%  
Mortgage loans | Owner Occupied Loan Balance | Medical/dental office      
Loans Held for Investment      
Total commercial real estate $ 2,485 $ 2,511  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Owner Occupied Loan Balance | Medical/dental office | Inland empire      
Loans Held for Investment      
Total commercial real estate $ 267 $ 271  
Percentage of commercial real estate loan 11.00% 11.00%  
Mortgage loans | Owner Occupied Loan Balance | Medical/dental office | Southern California      
Loans Held for Investment      
Total commercial real estate $ 2,218 $ 2,240  
Percentage of commercial real estate loan 89.00% 89.00%  
Mortgage loans | Owner Occupied Loan Balance | Restaurant/Fast Food      
Loans Held for Investment      
Total commercial real estate $ 675 $ 681  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Owner Occupied Loan Balance | Restaurant/Fast Food | Southern California      
Loans Held for Investment      
Total commercial real estate $ 675 $ 681  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Non Owner Occupied Loan Balance      
Loans Held for Investment      
Total commercial real estate $ 60,972 $ 62,297  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Inland empire      
Loans Held for Investment      
Total commercial real estate $ 12,672 $ 12,843  
Percentage of commercial real estate loan 21.00% 21.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Southern California      
Loans Held for Investment      
Total commercial real estate $ 29,230 $ 30,481  
Percentage of commercial real estate loan 48.00% 49.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Other California      
Loans Held for Investment      
Total commercial real estate $ 19,070 $ 18,973  
Percentage of commercial real estate loan 31.00% 30.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Office      
Loans Held for Investment      
Total commercial real estate $ 18,537 $ 19,895  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Office | Inland empire      
Loans Held for Investment      
Total commercial real estate $ 4,248 $ 3,837  
Percentage of commercial real estate loan 23.00% 19.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Office | Southern California      
Loans Held for Investment      
Total commercial real estate $ 11,777 $ 13,488  
Percentage of commercial real estate loan 63.00% 68.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Office | Other California      
Loans Held for Investment      
Total commercial real estate $ 2,512 $ 2,570  
Percentage of commercial real estate loan 14.00% 13.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Mixed use      
Loans Held for Investment      
Total commercial real estate $ 15,410 $ 14,330  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Mixed use | Inland empire      
Loans Held for Investment      
Total commercial real estate $ 1,023 $ 449  
Percentage of commercial real estate loan 7.00% 3.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Mixed use | Southern California      
Loans Held for Investment      
Total commercial real estate $ 6,517 $ 6,297  
Percentage of commercial real estate loan 42.00% 44.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Mixed use | Other California      
Loans Held for Investment      
Total commercial real estate $ 7,870 $ 7,584  
Percentage of commercial real estate loan 51.00% 53.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Retail      
Loans Held for Investment      
Total commercial real estate $ 8,333 $ 8,001  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Retail | Inland empire      
Loans Held for Investment      
Total commercial real estate $ 1,015 $ 1,026  
Percentage of commercial real estate loan 12.00% 13.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Retail | Southern California      
Loans Held for Investment      
Total commercial real estate $ 3,720 $ 3,296  
Percentage of commercial real estate loan 45.00% 41.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Retail | Other California      
Loans Held for Investment      
Total commercial real estate $ 3,598 $ 3,679  
Percentage of commercial real estate loan 43.00% 46.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Warehouse      
Loans Held for Investment      
Total commercial real estate $ 7,175 $ 7,869  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Warehouse | Inland empire      
Loans Held for Investment      
Total commercial real estate $ 472 $ 1,064  
Percentage of commercial real estate loan 7.00% 13.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Warehouse | Southern California      
Loans Held for Investment      
Total commercial real estate $ 3,911 $ 3,992  
Percentage of commercial real estate loan 54.00% 51.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Warehouse | Other California      
Loans Held for Investment      
Total commercial real estate $ 2,792 $ 2,813  
Percentage of commercial real estate loan 39.00% 36.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Medical/dental office      
Loans Held for Investment      
Total commercial real estate $ 3,782 $ 4,377  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Medical/dental office | Inland empire      
Loans Held for Investment      
Total commercial real estate $ 1,220 $ 1,713  
Percentage of commercial real estate loan 32.00% 39.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Medical/dental office | Southern California      
Loans Held for Investment      
Total commercial real estate $ 1,901 $ 1,993  
Percentage of commercial real estate loan 50.00% 46.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Medical/dental office | Other California      
Loans Held for Investment      
Total commercial real estate $ 661 $ 671  
Percentage of commercial real estate loan 18.00% 15.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Mobile home park      
Loans Held for Investment      
Total commercial real estate $ 6,678 $ 6,761  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Mobile home park | Inland empire      
Loans Held for Investment      
Total commercial real estate $ 4,694 $ 4,754  
Percentage of commercial real estate loan 70.00% 70.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Mobile home park | Southern California      
Loans Held for Investment      
Total commercial real estate $ 347 $ 351  
Percentage of commercial real estate loan 5.00% 5.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Mobile home park | Other California      
Loans Held for Investment      
Total commercial real estate $ 1,637 $ 1,656  
Percentage of commercial real estate loan 25.00% 25.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Restaurant/Fast Food      
Loans Held for Investment      
Total commercial real estate $ 491 $ 493  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Restaurant/Fast Food | Southern California      
Loans Held for Investment      
Total commercial real estate $ 491 $ 493  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Automotive - non gasoline      
Loans Held for Investment      
Total commercial real estate $ 566 $ 571  
Percentage of commercial real estate loan 100.00% 100.00%  
Mortgage loans | Non Owner Occupied Loan Balance | Automotive - non gasoline | Southern California      
Loans Held for Investment      
Total commercial real estate $ 566 $ 571  
Percentage of commercial real estate loan 100.00% 100.00%  
v3.25.4
Loans Held for Investment - Schedule of Gross Loans Held for Investment by Loan Types and Risk Category (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Investment in loans by risk categories by year of origination      
Year 1 $ 116,095 $ 55,159  
Year 2 70,344 82,598  
Year 3 83,740 91,947  
Year 4 278,882 290,746  
Year 5 224,203 229,194  
Prior 260,193 291,467  
Revolving Loans 65 1,312  
Total 1,033,522 1,042,423 $ 1,050,848
Mortgage loans | Single-family      
Investment in loans by risk categories by year of origination      
Year 1 77,817 39,385  
Year 2 43,555 55,276  
Year 3 48,171 52,083  
Year 4 188,867 194,501  
Year 5 138,365 141,614  
Prior 56,536 61,561  
Revolving Loans   5  
Total 553,311 544,425 533,140
Mortgage loans | Single-family | Pass      
Investment in loans by risk categories by year of origination      
Year 1 77,817 39,385  
Year 2 43,555 55,276  
Year 3 48,171 52,083  
Year 4 188,867 194,501  
Year 5 138,365 141,614  
Prior 56,001 60,282  
Revolving Loans   5  
Total 552,776 543,146  
Mortgage loans | Single-family | Special Mention      
Investment in loans by risk categories by year of origination      
Prior   62  
Total   62  
Mortgage loans | Single-family | Substandard      
Investment in loans by risk categories by year of origination      
Prior 535 1,217  
Total 535 1,217  
Mortgage loans | Multi-family      
Investment in loans by risk categories by year of origination      
Year 1 31,744 13,412  
Year 2 21,550 21,687  
Year 3 23,237 27,255  
Year 4 67,545 73,495  
Year 5 82,010 83,691  
Prior 182,203 203,877  
Total 408,289 423,417 433,724
Mortgage loans | Multi-family | Pass      
Investment in loans by risk categories by year of origination      
Year 1 31,744 13,412  
Year 2 21,550 21,687  
Year 3 23,237 27,255  
Year 4 67,545 73,495  
Year 5 81,549 83,224  
Prior 181,182 201,660  
Total 406,807 420,733  
Mortgage loans | Multi-family | Substandard      
Investment in loans by risk categories by year of origination      
Year 5 461 467  
Prior 1,021 2,217  
Total 1,482 2,684  
Mortgage loans | Commercial real estate      
Investment in loans by risk categories by year of origination      
Year 1 5,913 2,149  
Year 2 5,033 5,429  
Year 3 12,332 12,609  
Year 4 22,470 22,750  
Year 5 3,828 3,889  
Prior 21,366 25,940  
Total 70,942 72,766 77,984
Mortgage loans | Commercial real estate | Pass      
Investment in loans by risk categories by year of origination      
Year 1 5,913 2,149  
Year 2 5,033 5,429  
Year 3 12,332 12,609  
Year 4 22,470 22,750  
Year 5 3,828 3,889  
Prior 21,366 24,936  
Total 70,942 71,762  
Mortgage loans | Commercial real estate | Special Mention      
Investment in loans by risk categories by year of origination      
Prior   1,004  
Total   1,004  
Mortgage loans | Construction      
Investment in loans by risk categories by year of origination      
Year 1 606 196  
Year 2 206 206  
Total 812 402 1,480
Mortgage loans | Construction | Pass      
Investment in loans by risk categories by year of origination      
Year 1 606 196  
Year 2 206 206  
Total 812 402  
Mortgage loans | Other      
Investment in loans by risk categories by year of origination      
Prior 88 89  
Total 88 89 90
Mortgage loans | Other | Pass      
Investment in loans by risk categories by year of origination      
Prior 88 89  
Total 88 89  
Commercial business loans      
Investment in loans by risk categories by year of origination      
Revolving Loans 22 1,267  
Total 22 1,267 4,371
Commercial business loans | Pass      
Investment in loans by risk categories by year of origination      
Revolving Loans 22 1,267  
Total 22 1,267  
Consumer loans      
Investment in loans by risk categories by year of origination      
Year 1 15 17  
Revolving Loans 43 40  
Total 58 57 $ 59
Consumer loans | Not graded      
Investment in loans by risk categories by year of origination      
Year 1 15 17  
Total 15 17  
Consumer loans | Pass      
Investment in loans by risk categories by year of origination      
Revolving Loans 43 40  
Total $ 43 $ 40  
v3.25.4
Loans Held for Investment - Schedule of Allowance For Credit Losses (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]        
ACL, beginning of period $ 5,780 $ 6,329 $ 6,424 $ 7,065
(Recovery of) provision for credit losses (146) 627 (790) (109)
ACL, end of period $ 5,634 $ 6,956 $ 5,634 $ 6,956
ACL on loans as a percentage of gross loans held for investment 0.55% 0.66% 0.55% 0.66%
ACL on loans as a percentage of gross non-performing loans at the end of the period 565.66% 269.40% 565.66% 269.40%
v3.25.4
Loans Held for Investment - Schedule of Past Due Status of Loans Held for Investment, Gross (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment $ 1,033,522 $ 1,042,423 $ 1,050,848
Current      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 1,032,525 1,041,026  
30 to 89 days      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 1 2  
Non-Accrual      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 996 1,395  
Mortgage loans | Single-family      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 553,311 544,425 533,140
Mortgage loans | Single-family | Current      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 552,776 543,496  
Mortgage loans | Single-family | Non-Accrual      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 535 929  
Mortgage loans | Multi-family      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 408,289 423,417 433,724
Mortgage loans | Multi-family | Current      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 407,828 422,951  
Mortgage loans | Multi-family | Non-Accrual      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 461 466  
Mortgage loans | Commercial real estate      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 70,942 72,766  
Mortgage loans | Commercial real estate | Current      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 70,942 72,766  
Mortgage loans | Construction      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 812 402 1,480
Mortgage loans | Construction | Current      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 812 402  
Mortgage loans | Other      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 88 89 90
Mortgage loans | Other | Current      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 88 89  
Commercial business loans      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 22 1,267 4,371
Commercial business loans | Current      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 22 1,267  
Consumer loans      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 58 57 $ 59
Consumer loans | Current      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment 57 55  
Consumer loans | 30 to 89 days      
Financing Receivable, Recorded Investment, Past Due [Line Items]      
Total loans held for investment $ 1 $ 2  
v3.25.4
Loans Held for Investment - Schedule of Allowance For Credit Losses and Recorded Investment in Gross Loans, by Portfolio (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Jun. 30, 2025
Financing Receivable, Allowance for Credit Losses [Line Items]          
ACL, beginning of period $ 5,780 $ 6,329 $ 6,424 $ 7,065  
(Recovery of) provision for credit losses (146) 627 (790) (109)  
ACL, end of period 5,634 6,956 5,634 6,956  
Allowance for credit losses: Collectively evaluated for impairment 5,634 6,956 5,634 6,956  
Loans held for investment: Individually evaluated for allowances 461 742 461 742  
Loans held for investment: Collectively evaluated for allowances 1,033,061 1,050,106 1,033,061 1,050,106  
Total loans held for investment $ 1,033,522 $ 1,050,848 $ 1,033,522 $ 1,050,848 $ 1,042,423
ACL on loans as a percentage of gross loans held for investment 0.55% 0.66% 0.55% 0.66%  
Commercial business loans          
Financing Receivable, Allowance for Credit Losses [Line Items]          
ACL, beginning of period $ 4 $ 10 $ 6 $ 11  
(Recovery of) provision for credit losses (4) 27 (6) 26  
ACL, end of period   37   37  
Allowance for credit losses: Collectively evaluated for impairment   37   37  
Loans held for investment: Collectively evaluated for allowances 22 4,371 22 4,371  
Total loans held for investment 22 $ 4,371 22 $ 4,371 1,267
ACL on loans as a percentage of gross loans held for investment   0.85%   0.85%  
Consumer loans          
Financing Receivable, Allowance for Credit Losses [Line Items]          
Loans held for investment: Collectively evaluated for allowances 58 $ 59 58 $ 59  
Total loans held for investment 58 59 58 59 57
Single-family | Mortgage loans          
Financing Receivable, Allowance for Credit Losses [Line Items]          
ACL, beginning of period 5,126 5,679 5,734 6,295  
(Recovery of) provision for credit losses (92) 582 (700) (34)  
ACL, end of period 5,034 6,261 5,034 6,261  
Allowance for credit losses: Collectively evaluated for impairment 5,034 6,261 5,034 6,261  
Loans held for investment: Individually evaluated for allowances   742   742  
Loans held for investment: Collectively evaluated for allowances 553,311 532,398 553,311 532,398  
Total loans held for investment $ 553,311 $ 533,140 $ 553,311 $ 533,140 544,425
ACL on loans as a percentage of gross loans held for investment 0.91% 1.17% 0.91% 1.17%  
Multi-family | Mortgage loans          
Financing Receivable, Allowance for Credit Losses [Line Items]          
ACL, beginning of period $ 584 $ 503 $ 615 $ 595  
(Recovery of) provision for credit losses (55) 46 (86) (46)  
ACL, end of period 529 549 529 549  
Allowance for credit losses: Collectively evaluated for impairment 529 549 529 549  
Loans held for investment: Individually evaluated for allowances 461   461    
Loans held for investment: Collectively evaluated for allowances 407,828 433,724 407,828 433,724  
Total loans held for investment $ 408,289 $ 433,724 $ 408,289 $ 433,724 423,417
ACL on loans as a percentage of gross loans held for investment 0.13% 0.13% 0.13% 0.13%  
Commercial real estate | Mortgage loans          
Financing Receivable, Allowance for Credit Losses [Line Items]          
ACL, beginning of period $ 53 $ 58 $ 55 $ 66  
(Recovery of) provision for credit losses (2) 1 (4) (7)  
ACL, end of period 51 59 51 59  
Allowance for credit losses: Collectively evaluated for impairment 51 59 51 59  
Loans held for investment: Collectively evaluated for allowances 70,942 77,984 70,942 77,984  
Total loans held for investment $ 70,942 $ 77,984 $ 70,942 $ 77,984 72,766
ACL on loans as a percentage of gross loans held for investment 0.07% 0.08% 0.07% 0.08%  
Construction | Mortgage loans          
Financing Receivable, Allowance for Credit Losses [Line Items]          
ACL, beginning of period $ 12 $ 78 $ 12 $ 97  
(Recovery of) provision for credit losses 7 (30) 7 (49)  
ACL, end of period 19 48 19 48  
Allowance for credit losses: Collectively evaluated for impairment 19 48 19 48  
Loans held for investment: Collectively evaluated for allowances 812 1,480 812 1,480  
Total loans held for investment $ 812 $ 1,480 $ 812 $ 1,480 402
ACL on loans as a percentage of gross loans held for investment 2.34% 3.24% 2.34% 3.24%  
Other | Mortgage loans          
Financing Receivable, Allowance for Credit Losses [Line Items]          
ACL, beginning of period $ 1 $ 1 $ 2 $ 1  
(Recovery of) provision for credit losses   1 (1) 1  
ACL, end of period 1 2 1 2  
Allowance for credit losses: Collectively evaluated for impairment 1 2 1 2  
Loans held for investment: Collectively evaluated for allowances 88 90 88 90  
Total loans held for investment $ 88 $ 90 $ 88 $ 90 $ 89
ACL on loans as a percentage of gross loans held for investment 1.14% 2.22% 1.14% 2.22%  
v3.25.4
Loans Held for Investment - Schedule of Total Recorded Investment in Non-Performing Loans by Type (Details) - USD ($)
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Jun. 30, 2025
Financing Receivable, Allowance for Credit Losses [Line Items]          
Unpaid Principal Balance $ 1,021,000   $ 1,021,000   $ 1,446,000
Related Charge-Offs (25,000)   (25,000)   (25,000)
Recorded Investment 996,000   996,000   1,421,000
Related Allowance (6,000)   (6,000)   (7,000)
Recorded Investment, Net of Allowance 990,000   990,000   1,414,000
Average Recorded Investment 946,000 $ 2,431,000 1,198,000 $ 2,428,000  
Total Interest Income Recognized 34,000 19,000 58,000 58,000  
Mortgage loans          
Financing Receivable, Allowance for Credit Losses [Line Items]          
Average Recorded Investment     735,000 795,000  
Without related allowances, Average Recorded Investment 525,000 743,000      
With related allowances, Average Recorded Investment 421,000 1,688,000 463,000 1,633,000  
Interest income recognized without a related allowance 18,000 1,000 35,000 6,000  
Interest income recognized with a related allowance 16,000 18,000 23,000 52,000  
Single-family | Mortgage loans          
Financing Receivable, Allowance for Credit Losses [Line Items]          
With a related allowance Unpaid Principal Balance 535,000   535,000   560,000
Without a related allowance, Unpaid Principal Balance 25,000   25,000   420,000
Unpaid Principal Balance 560,000   560,000   980,000
With No Related Allowance, Related Charge-Offs (25,000)   (25,000)   (25,000)
Related Charge-Offs (25,000)   (25,000)   (25,000)
With Related Allowance, Recorded Investment 535,000   535,000   560,000
With No Related Allowance, Recorded Investment         395,000
Recorded Investment 535,000   535,000   955,000
Related Allowance (6,000)   (6,000)   (7,000)
Recorded Investment, with Related Allowance, Net 529,000   529,000   553,000
Recorded Investment, with No Related Allowance, Net         395,000
Recorded Investment, Net of Allowance 529,000   529,000   948,000
Without related allowances, Average Recorded Investment 63,000 743,000 129,000 795,000  
With related allowances, Average Recorded Investment 421,000 1,688,000 463,000 1,633,000  
Interest income recognized without a related allowance 2,000 1,000 11,000 6,000  
Interest income recognized with a related allowance 16,000 $ 18,000 23,000 $ 52,000  
Multi-family | Mortgage loans          
Financing Receivable, Allowance for Credit Losses [Line Items]          
Without a related allowance, Unpaid Principal Balance 461,000   461,000   466,000
Unpaid Principal Balance 461,000   461,000   466,000
With No Related Allowance, Recorded Investment 461,000   461,000   466,000
Recorded Investment 461,000   461,000   466,000
Recorded Investment, with No Related Allowance, Net 461,000   461,000   466,000
Recorded Investment, Net of Allowance 461,000   461,000   $ 466,000
Without related allowances, Average Recorded Investment 462,000   606,000    
Interest income recognized without a related allowance $ 16,000   $ 24,000    
v3.25.4
Loans Held for Investment - Schedule of Allowance for Credit Losses of Unfunded Loan Commitments through the Provision For (recovery of) Credit Losses (Details) - Commitments to extend credit on loans to be held for sale - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Allowance for Credit Losses [Roll Forward]        
Balance, beginning of the period $ 50 $ 96 $ 32 $ 57
Provision for credit losses (12) (41) 6 (2)
Balance, end of the period $ 38 $ 55 $ 38 $ 55
v3.25.4
Loans Held for Investment - Additional Information (Details)
 3 Months Ended 6 Months Ended
Dec. 31, 2025
USD ($)
property
Dec. 31, 2024
USD ($)
property
Dec. 31, 2025
USD ($)
property
Dec. 31, 2024
USD ($)
property
Jun. 30, 2025
USD ($)
Loans Held for Investment          
Fixed-rate loans as a percentage of total loans held for investment 10.00%   10.00%   10.00%
Commitments to lend additional funds $ 0   $ 0    
Average Recorded Investment 946,000 $ 2,431,000 1,198,000 $ 2,428,000  
Interest received on non-performing loans 34,000 19,000 58,000 58,000  
Non-performing loans interest recognized as principal payments, cost basis $ 0 $ 0 $ 0 $ 0  
Number of properties acquired in settlement of loans | property 0 0 0 0  
Number of previously foreclosed properties sold | property 0 0 0 0  
Real estate owned, net $ 0   $ 0   $ 0
v3.25.4
Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Schedule of Undisbursed Funds Commitments (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Derivative    
Total $ 11,461 $ 9,179
Undisbursed loan funds - Construction loans    
Derivative    
Total 119 529
Undisbursed loan funds - Single-family loans    
Derivative    
Total   53
Undisbursed lines of credit - Mortgage loans    
Derivative    
Total   8
Undisbursed lines of credit - Commercial business loans    
Derivative    
Total 953 2,208
Undisbursed lines of credit - Consumer loans    
Derivative    
Total 302 320
Commitments to extend credit on loans to be held for investment    
Derivative    
Total $ 10,087 $ 6,061
v3.25.4
Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Additional Information (Details)
 3 Months Ended 6 Months Ended
Dec. 31, 2025
USD ($)
loan
Dec. 31, 2024
USD ($)
loan
Dec. 31, 2025
USD ($)
loan
Dec. 31, 2024
USD ($)
loan
Sep. 30, 2025
USD ($)
Jun. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
Derivative                
Outstanding derivative financial instruments $ 0   $ 0     $ 0    
Number of loans repurchased | loan 0 0 0 0        
Recourse liability $ 23,000 $ 23,000 $ 23,000 $ 23,000 $ 23,000 23,000 $ 23,000 $ 26,000
Mortgage Partnership Finance (MPF) Program                
Derivative                
Loss absorbed by first loss account, as a percent     0.04%          
Loans serviced for FHLB-SF under MPF program 2,400,000   $ 2,400,000     2,600,000    
Recourse liability 6,000   6,000     $ 6,000    
Other Investors | Mortgage Partnership Finance (MPF) Program                
Derivative                
Recourse liability $ 17,000   $ 17,000          
v3.25.4
Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Summary of the recourse liability (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Recourse Liability        
Balance, beginning of the period $ 23 $ 23 $ 23 $ 26
Recovery for recourse liability 0 0   (3)
Net settlements in lieu of loan repurchases 0 0 0 0
Balance, end of the period $ 23 $ 23 $ 23 $ 23
v3.25.4
Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Dec. 31, 2025
Jun. 30, 2025
Fair Value of Financial Instruments    
Loans held for investment, at fair value $ 1,006 $ 1,018
Loans held for investment, Unpaid Principal or Base Cost 1,136 1,158
Loans held for investment, Net Unrealized (Loss) Gain (130) (140)
Other equity investments, at fair value 721 730
Other equity investments, Net Unrealized (Loss) Gain $ 721 $ 730
v3.25.4
Fair Value of Financial Instruments - Corporations assets measured at fair value on a recurring basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans held for investment, at fair value $ 1,006 $ 1,018
Other equity investments, at fair value 721 730
Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 1,404 1,607
Loans held for investment, at fair value 1,006 1,018
Other equity investments, at fair value 721 730
Interest-only strips 5 6
Total assets 3,136 3,361
Liabilities 0 0
Total liabilities 0 0
Recurring | U.S. government agency MBS    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 943 1,082
Recurring | U.S. government sponsored enterprise MBS    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 387 446
Recurring | Private issue CMO    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 74 79
Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 0 0
Loans held for investment, at fair value 0 0
Other equity investments, at fair value 0 0
Interest-only strips 0 0
Total assets 0 0
Liabilities 0 0
Total liabilities 0 0
Recurring | Level 1 | U.S. government agency MBS    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 0 0
Recurring | Level 1 | U.S. government sponsored enterprise MBS    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 0 0
Recurring | Level 1 | Private issue CMO    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 0 0
Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 1,330 1,528
Loans held for investment, at fair value 0 0
Other equity investments, at fair value 721 730
Interest-only strips 0 0
Total assets 2,051 2,258
Liabilities 0 0
Total liabilities 0 0
Recurring | Level 2 | U.S. government agency MBS    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 943 1,082
Recurring | Level 2 | U.S. government sponsored enterprise MBS    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 387 446
Recurring | Level 2 | Private issue CMO    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 0 0
Recurring | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 74 79
Loans held for investment, at fair value 1,006 1,018
Other equity investments, at fair value 0 0
Interest-only strips 5 6
Total assets 1,085 1,103
Liabilities 0 0
Total liabilities 0 0
Recurring | Level 3 | U.S. government agency MBS    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 0 0
Recurring | Level 3 | U.S. government sponsored enterprise MBS    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale 0 0
Recurring | Level 3 | Private issue CMO    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment securities - available for sale $ 74 $ 79
v3.25.4
Fair Value of Financial Instruments - Schedule of Reconciliation of Beginning and Ending Balances of Recurring Fair Value Measurements Using Level 3 Inputs (Details) - Level 3 - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance $ 1,090 $ 1,173 $ 1,103 $ 1,143
Total gains or losses (realized/unrealized) Included in earnings $ 7 $ (55) $ 10 $ (10)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Revenue from Contract with Customer, Including Assessed Tax Revenue from Contract with Customer, Including Assessed Tax Revenue from Contract with Customer, Including Assessed Tax Revenue from Contract with Customer, Including Assessed Tax
Total gains or losses (realized/unrealized) Included in other comprehensive loss     $ (1)  
Settlements $ (12) $ (16) (27) $ (31)
Ending balance 1,085 1,102 1,085 1,102
Private issue CMO        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 75 85 79 88
Total gains or losses (realized/unrealized) Included in other comprehensive loss       2
Settlements (1) (5) (5) (10)
Ending balance 74 80 74 80
Loans Held For Investment, at fair value        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 1,010 1,082 1,018 1,047
Total gains or losses (realized/unrealized) Included in earnings 7 (55) 10 (10)
Settlements (11) (11) (22) (21)
Ending balance 1,006 1,016 1,006 1,016
Interest-Only Strips        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 5 6 6 8
Total gains or losses (realized/unrealized) Included in other comprehensive loss     (1) (2)
Ending balance $ 5 $ 6 $ 5 $ 6
v3.25.4
Fair Value of Financial Instruments - Corporations assets measured at fair value at the dates indicated on a nonrecurring basis (Details) - Nonrecurring - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage servicing assets $ 108 $ 88
Total assets 108 88
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage servicing assets 0 0
Total assets 0 0
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage servicing assets 0 0
Total assets 0 0
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Mortgage servicing assets 108 88
Total assets $ 108 $ 88
v3.25.4
Fair Value of Financial Instruments - Valuation techniques and inputs used (Details) - Level 3
$ in Thousands
 6 Months Ended
Dec. 31, 2025
USD ($)
Private issue CMO  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets, Fair Value Disclosure $ 74
Private issue CMO | Market comparable pricing | Comparability adjustment  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Impact to valuation from an increase in inputs on assets Increase
Private issue CMO | Minimum | Market comparable pricing | Comparability adjustment  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input (0.90%)
Private issue CMO | Maximum | Market comparable pricing | Comparability adjustment  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input 0.00%
Private issue CMO | Weighted Average | Market comparable pricing | Comparability adjustment  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input (0.20%)
Loans held for Investment, at fair value  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets, Fair Value Disclosure $ 1,006
Loans held for Investment, at fair value | Relative value analysis | Broker quotes  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Impact to valuation from an increase in inputs on assets Increase
Loans held for Investment, at fair value | Relative value analysis | Credit risk factor  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Impact to valuation from an increase in inputs on assets Decrease
Loans held for Investment, at fair value | Minimum | Relative value analysis | Broker quotes  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input 87.30%
Loans held for Investment, at fair value | Minimum | Relative value analysis | Credit risk factor  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input 0.90%
Loans held for Investment, at fair value | Maximum | Relative value analysis | Broker quotes  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input 90.90%
Loans held for Investment, at fair value | Maximum | Relative value analysis | Credit risk factor  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input 1.10%
Loans held for Investment, at fair value | Weighted Average | Relative value analysis | Broker quotes  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input (89.50%)
Loans held for Investment, at fair value | Weighted Average | Relative value analysis | Credit risk factor  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input (1.00%)
MSAs  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets, Fair Value Disclosure $ 108
MSAs | Discounted cash flow | Prepayment rate (CPR)  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Impact to valuation from an increase in inputs on assets Decrease
MSAs | Discounted cash flow | Discount rate  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Impact to valuation from an increase in inputs on assets Decrease
MSAs | Minimum | Discounted cash flow | Prepayment rate (CPR)  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input 5.80%
MSAs | Minimum | Discounted cash flow | Discount rate  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input 9.00%
MSAs | Maximum | Discounted cash flow | Prepayment rate (CPR)  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input 60.00%
MSAs | Maximum | Discounted cash flow | Discount rate  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input 10.50%
MSAs | Weighted Average | Discounted cash flow | Prepayment rate (CPR)  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input (12.90%)
MSAs | Weighted Average | Discounted cash flow | Discount rate  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input (9.00%)
Interest-only strips  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets, Fair Value Disclosure $ 5
Interest-only strips | Discounted cash flow | Prepayment rate (CPR)  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Impact to valuation from an increase in inputs on assets Decrease
Interest-only strips | Discounted cash flow | Discount rate  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input 9.00%
Impact to valuation from an increase in inputs on assets Decrease
Interest-only strips | Minimum | Discounted cash flow | Prepayment rate (CPR)  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input 10.20%
Interest-only strips | Maximum | Discounted cash flow | Prepayment rate (CPR)  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input 23.90%
Interest-only strips | Weighted Average | Discounted cash flow | Prepayment rate (CPR)  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Assets Fair Value Measurement Input (20.10%)
v3.25.4
Fair Value of Financial Instruments - Carrying amount and fair value of the Corporations other financial instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Investment securities - held to maturity $ 98,899 $ 109,399
Carrying Amount    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Loans held for investment, not recorded at fair value 1,036,649 1,044,727
Investment securities - held to maturity 98,899 109,399
FHLB - San Francisco stock 9,568 9,568
Deposits 872,434 888,772
Borrowings 213,060 213,073
Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Loans held for investment, not recorded at fair value 1,000,479 996,332
Investment securities - held to maturity 90,806 99,126
FHLB - San Francisco stock 9,568 9,568
Deposits 873,075 889,115
Borrowings 213,559 213,505
Fair Value | Level 1    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Loans held for investment, not recorded at fair value 0 0
Investment securities - held to maturity 0 0
FHLB - San Francisco stock 0 0
Deposits 0 0
Borrowings 0 0
Fair Value | Level 2    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Loans held for investment, not recorded at fair value 0 0
Investment securities - held to maturity 90,806 99,126
FHLB - San Francisco stock 9,568 9,568
Deposits 873,075 889,115
Borrowings 213,559 213,505
Fair Value | Level 3    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Loans held for investment, not recorded at fair value 1,000,479 996,332
Investment securities - held to maturity 0 0
FHLB - San Francisco stock 0 0
Deposits 0 0
Borrowings $ 0 $ 0
v3.25.4
Revenue From Contracts With Customers (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Disaggregation of Revenue [Line Items]        
Loan servicing and other fees $ 176 $ 60 $ 322 $ 164
Other 182 203 282 380
Total non-interest income 917 845 1,730 1,744
Net unrealized (loss) gain on other equity investments     (9) 110
Deposit account fees        
Disaggregation of Revenue [Line Items]        
Revenue within the scope of ASC 606 273 282 538 580
Card and processing fees        
Disaggregation of Revenue [Line Items]        
Revenue within the scope of ASC 606 286 300 588 620
BOLI        
Disaggregation of Revenue [Line Items]        
Other 46 46 92 92
Net loss on sale of loans 0 20 34 41
Net unrealized (loss) gain on other equity investments $ 19 $ 85 $ (9) $ 110
v3.25.4
Leases - Supplemental information (Details) - USD ($)
 3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Jun. 30, 2025
Leases          
Lease expense $ 177,000 $ 203,000 $ 351,000 $ 419,000  
Operating Leases:          
Premises and equipment - Operating lease right-of-use assets 2,383,000   2,383,000   $ 1,651,000
Accounts payable, accrued interest and other liabilities - Operating lease liabilities 2,404,000   2,404,000   1,682,000
Finance Leases:          
Premises and equipment at cost 84,000   84,000   84,000
Accumulated amortization (18,000)   (18,000)   (9,000)
Premises and equipment - Finance lease right-of-use assets 66,000   66,000   75,000
Borrowings - Finance lease liabilities 60,000   60,000   $ 73,000
Operating lease expense:          
Premises and occupancy expenses from operating leases 170,000 168,000 337,000 350,000  
Equipment expenses from operating leases   35,000   69,000  
Total operating lease expense 170,000 203,000 337,000 419,000  
Finance lease expense:          
Equipment expenses from finance leases 6,000   12,000    
Interest on finance lease liabilities 1,000   2,000    
Total finance lease expense 7,000   14,000    
Total lease expense $ 177,000 $ 203,000 351,000 419,000  
Condensed Consolidated Statements of Cash Flows:          
Operating cash used for operating leases, net     347,000 418,000  
Operating cash used for finance leases, net     4,000    
Financing cash used for finance leases, net     13,000    
Right-of-use assets obtained in exchange for lease obligations, Operating leases     $ 1,035,000 $ 795,000  
v3.25.4
Leases - Remaining minimum contractual lease payments and other information (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 30, 2025
Operating Leases    
Remainder of fiscal 2026 $ 348  
Fiscal 2027 703  
Fiscal 2028 672  
Fiscal 2029 377  
Fiscal 2030 247  
Thereafter 275  
Total contract lease payments 2,622  
Total liability to make lease payments 2,404  
Difference in undiscounted and discounted future lease payments $ 218  
Weighted average discount rate 4.08%  
Weighted average remaining lease term (years) 4 years 2 months 12 days  
Finance Leases    
Remainder of fiscal 2026 $ 15  
Fiscal 2027 30  
Fiscal 2028 18  
Total contract lease payments 63  
Total liability to make lease payments 60 $ 73
Difference in undiscounted and discounted future lease payments $ 3  
Weighted average discount rate 4.50%  
Weighted average remaining lease term (years) 2 years 1 month 6 days  
v3.25.4
Stock Repurchases (Details) - $ / shares
 1 Months Ended 3 Months Ended 6 Months Ended
Jan. 23, 2025
Jan. 22, 2026
Dec. 31, 2025
Dec. 31, 2025
January 2025 stock repurchase plan        
Equity, Class of Treasury Stock [Line Items]        
Number of shares authorized to repurchase 334,773      
Shares authorized for repurchase remaining available to purchase under the plan     54,061 54,061
Stock repurchase plan period 1 year      
Number of shares repurchased     96,260 162,967
Shares repurchased weighted average cost per share     $ 15.8 $ 15.78
Percentage of authorized stock       16.00%
January 2025 stock repurchase plan | Subsequent event        
Equity, Class of Treasury Stock [Line Items]        
Remaining shares eligible for repurchase   16,825    
January 2026 stock repurchase plan | Subsequent event        
Equity, Class of Treasury Stock [Line Items]        
Number of shares authorized to repurchase   318,875    
Stock repurchase plan period   1 year    
v3.25.4
Segment Reporting (Details)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2025
USD ($)
segment
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Quarterly Results of Operations (Unaudited)        
Number of reportable segments | segment     1  
Interest income $ 13,950 $ 14,021 $ 28,096 $ 28,096
Interest expense 5,026 5,262 10,242 10,721
Net interest income 8,924 8,759 17,854 17,375
(Recovery of) provision for credit losses (158) 586 (784) (111)
Net interest income, after (recovery of) provision for credit losses 9,082 8,173 18,638 17,486
Non-interest income 917 845 1,730 1,744
Non-interest expense 7,949 7,794 15,583 15,317
Income before taxes 2,050 1,224 4,785 3,913
Provision for income taxes 614 352 1,668 1,141
Net Income (Loss) $ 1,436 $ 872 $ 3,117 $ 2,772
Diluted earnings per share | $ / shares $ 0.22 $ 0.13 $ 0.47 $ 0.41
Return on average assets 0.47% 0.28% 0.51% 0.45%
Return on average equity 4.44% 2.66% 4.81% 4.22%
Net interest margin 3.03% 2.91% 3.01% 2.87%
Efficiency ratio 80.77% 81.15% 79.57% 80.11%
Loans held for investment growth (0.40%) 0.47% (0.77%) 0.06%
Deposit growth (0.27%) 0.42% (1.84%) (2.35%)
Loans held for investment as a percentage of total deposits 118.94% 121.45% 118.94% 121.45%
Core deposits as a percentage of total deposits 64.05% 68.34% 64.05% 68.34%
Tier 1 leverage capital ratio 0.0979 0.0981 0.0979 0.0981
Non-performing assets as a percentage of total assets 0.08% 0.20% 0.08% 0.20%
v3.25.4
Subsequent Events (Details) - $ / shares
 1 Months Ended
Jan. 23, 2025
Jan. 22, 2026
January 2025 stock repurchase plan    
Subsequent Event [Line Items]    
Stock Repurchase Plan 334,773  
Stock repurchase plan period 1 year  
Subsequent event | January 2026 stock repurchase plan    
Subsequent Event [Line Items]    
Stock repurchase plan (in percent)   5.00%
Stock Repurchase Plan   318,875
Stock repurchase plan period   1 year
Subsequent event | January 2025 stock repurchase plan    
Subsequent Event [Line Items]    
Remaining shares eligible for repurchase   16,825
Subsequent event | Cash dividend for third quarter of 2026    
Subsequent Event [Line Items]    
Dividends declared date   Jan. 22, 2026
Quarterly cash dividend declared, common stock   $ 0.14
Dividend, date of record   Feb. 12, 2026
Dividends payable, date   Mar. 05, 2026