Consolidated Statements of Financial Condition - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 53,090 | $ 51,376 |
| Investment securities - held to maturity, at cost with no allowance for credit losses | 109,399 | 130,051 |
| Investment securities - available for sale, at fair value | 1,607 | 1,849 |
| Loans held for investment, net of allowance for credit losses of $6.4 million and $7.1 million, respectively; includes $1.0 million and $1.0 million of loans held at fair value, respectively; $734.4 million and $861.1 million pledged to Federal Home Loan Bank ("FHLB") - San Francisco, respectively; $227.0 million and $178.6 million pledged to Federal Reserve Bank ("FRB") - San Francisco, respectively | 1,045,745 | 1,052,979 |
| Accrued interest receivable | 4,215 | 4,287 |
| FHLB - San Francisco and other equity investments, includes $730 and $540 of other equity investments at fair value, respectively | 10,298 | 10,108 |
| Premises and equipment, net | 9,324 | 9,313 |
| Prepaid expenses and other assets | 11,935 | 12,237 |
| Total assets | 1,245,613 | 1,272,200 |
| Liabilities: | ||
| Noninterest-bearing deposits | 83,566 | 95,627 |
| Interest-bearing deposits | 805,206 | 792,721 |
| Total deposits | 888,772 | 888,348 |
| Borrowings | 213,073 | 238,500 |
| Accounts payable, accrued interest and other liabilities | 15,223 | 15,411 |
| Total liabilities | 1,117,068 | 1,142,259 |
| Commitments and Contingencies (Note 13) | ||
| 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 shares authorized; 18,229,615 and 18,229,615 shares issued; 6,577,718 and 6,847,821 shares outstanding, respectively) | 183 | 183 |
| Additional paid-in capital | 99,149 | 98,532 |
| Retained earnings | 212,403 | 209,914 |
| Treasury stock at cost (11,651,897 and 11,381,794 shares, respectively) | (183,207) | (178,685) |
| Accumulated other comprehensive income (loss), net of tax | 17 | (3) |
| Total stockholders' equity | 128,545 | 129,941 |
| Total liabilities and stockholders' equity | $ 1,245,613 | $ 1,272,200 |
Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Investment securities - held to maturity, allowance for credit losses | $ 0 | $ 0 |
| Allowance for credit losses on loans held for investment | 6,424 | 7,065 |
| Loans held for investment fair value | 1,000 | 1,000 |
| Collateral pledged on Federal Home Loan Bank advances | 734,400 | 861,100 |
| Loans held for investment | 1,045,745 | 1,052,979 |
| Equity investments at fair value | $ 730 | $ 540 |
| 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 | 6,577,718 | 6,847,821 |
| Treasury stock shares | 11,651,897 | 11,381,794 |
| Pledged as Collateral | Pledged to FRB | ||
| Loans held for investment | $ 227,000 | $ 178,600 |
| Loans held for investment, current | $ 227,000 | $ 178,600 |
Consolidated Statements of Operations - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Interest income: | ||
| Loans receivable, net | $ 52,543 | $ 50,194 |
| Investment securities | 1,858 | 2,060 |
| FHLB - San Francisco and other equity investments | 845 | 802 |
| Interest-earning deposits | 1,378 | 1,674 |
| Total interest income | 56,624 | 54,730 |
| Interest expense: | ||
| Deposits | 11,226 | 9,666 |
| Borrowings | 9,929 | 10,141 |
| Total interest expense | 21,155 | 19,807 |
| Net interest income | 35,469 | 34,923 |
| Recovery of credit losses | (666) | (63) |
| Net interest income, after recovery of credit losses | 36,135 | 34,986 |
| Non-interest income: | ||
| Loan servicing and other fees | 419 | 337 |
| Other | 735 | 1,066 |
| Total non-interest income | 3,531 | 3,941 |
| Non-interest expense: | ||
| Salaries and employee benefits | 19,006 | 17,642 |
| Premises and occupancy | 3,634 | 3,586 |
| Equipment | 1,542 | 1,309 |
| Professional | 1,579 | 1,530 |
| Sales and marketing | 714 | 709 |
| Deposit insurance premium and regulatory assessments | 740 | 780 |
| Other | 3,578 | 2,984 |
| Total non-interest expense | 30,793 | 28,540 |
| Income before income taxes | 8,873 | 10,387 |
| Provision for income taxes | 2,618 | 3,036 |
| Net income | $ 6,255 | $ 7,351 |
| Basic earnings per share ( in dollars per share) | $ 0.93 | $ 1.06 |
| Diluted earnings per share ( in dollars per share) | $ 0.93 | $ 1.06 |
| Deposit account fees | ||
| Non-interest income: | ||
| Non-interest income | $ 1,112 | $ 1,154 |
| Card and processing fees | ||
| Non-interest income: | ||
| Non-interest income | $ 1,265 | $ 1,384 |
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Consolidated Statements of Comprehensive Income | ||
| Net Income (Loss) | $ 6,255 | $ 7,351 |
| Change in unrealized holding gains on securities available for sale and interest-only strips | 28 | 50 |
| Less: Income tax expense | 8 | 15 |
| Other comprehensive income | 20 | 35 |
| Total comprehensive income | $ 6,275 | $ 7,386 |
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands |
Common Stock |
Additional Paid-In Capital |
Retained Earnings
Impact of ASU adoption
|
Retained Earnings |
Treasury Stock |
Accumulated Other Comprehensive Income (Loss), Net of Tax |
Impact of ASU adoption |
Total |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at Jun. 30, 2023 | $ 183 | $ 99,505 | $ (824) | $ 207,274 | $ (177,237) | $ (38) | $ (824) | $ 129,687 | ||||
| Balance (in shares) at Jun. 30, 2023 | 7,043,170 | |||||||||||
| Increase (Decrease) in Stockholders' Equity | ||||||||||||
| Net income | 7,351 | 7,351 | ||||||||||
| Other comprehensive income (loss) | 35 | 35 | ||||||||||
| Purchase of treasury stock | (2,601) | (2,601) | ||||||||||
| Purchase of treasury stock (in shares) | (197,349) | |||||||||||
| Distribution of restricted stock (in shares) | 2,000 | |||||||||||
| Awards of restricted stock | (1,183) | 1,183 | ||||||||||
| Forfeiture of restricted stock | 30 | (30) | ||||||||||
| Amortization of restricted stock | 203 | 203 | ||||||||||
| Stock options expense, net of tax | 37 | 37 | ||||||||||
| Tax effect from stock-based compensation | (60) | (60) | ||||||||||
| Cash dividends | [1] | (3,887) | (3,887) | |||||||||
| 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 | 6,847,821 | ||||||||||
| Increase (Decrease) in Stockholders' Equity | ||||||||||||
| Net income | 6,255 | $ 6,255 | ||||||||||
| Other comprehensive income (loss) | 20 | 20 | ||||||||||
| Purchase of treasury stock | [2] | (4,448) | (4,448) | |||||||||
| Purchase of treasury stock (in shares) | [2] | (293,928) | ||||||||||
| Distribution of restricted stock (in shares) | 23,825 | |||||||||||
| Awards of restricted stock | (158) | 158 | ||||||||||
| Forfeiture of restricted stock | 232 | (232) | ||||||||||
| Amortization of restricted stock | 472 | 472 | ||||||||||
| Stock options expense, net of tax | 71 | 71 | ||||||||||
| Cash dividends | [1] | (3,766) | (3,766) | |||||||||
| 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 | ||||||||||
| ||||||||||||
Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares |
12 Months Ended | 24 Months Ended |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2025 |
|
| Consolidated Statements of Stockholders' Equity | ||
| Cash dividends per share | $ 0.56 | |
| Number of shares repurchase of distributed restricted stock in settlement of employee withholding tax obligations | 8,758 |
Consolidated Statements of Cash Flows - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Cash flows from operating activities: | ||
| Net income | $ 6,255 | $ 7,351 |
| Adjustments to reconcile net income to net cash provided by operating activities : | ||
| Depreciation and amortization | 3,486 | 3,155 |
| Recovery of credit losses | (666) | (63) |
| Net unrealized gain on other equity investments | (190) | (540) |
| Stock-based compensation | 543 | 240 |
| Provision (benefit) for deferred income taxes | 1,430 | (58) |
| Decrease in accounts payable, accrued interest and other liabilities | (1,907) | (2,399) |
| Increase in prepaid expenses and other assets | (266) | (2,001) |
| Net cash provided by operating activities | 8,685 | 5,685 |
| Cash flows from investing activities: | ||
| Decrease in loans held for investment, net | 6,437 | 22,604 |
| Purchase of investment securities - held to maturity | (981) | |
| Principal payments from investment securities - held to maturity | 21,260 | 23,754 |
| Principal payments from investment securities - available for sale | 273 | 356 |
| Purchase of FHLB - San Francisco stock | (63) | |
| Purchase of premises and equipment | (530) | (1,589) |
| Net cash provided by investing activities | 26,459 | 45,062 |
| Cash flows from financing activities: | ||
| Increase (decrease) in deposits, net | 424 | (62,223) |
| Proceeds from long-term borrowings | 87,000 | 85,500 |
| Repayment of short-term borrowings, net | (77,512) | (30,009) |
| Repayments of short-term borrowings, net | (35,000) | (52,000) |
| Treasury stock purchases | (4,448) | (2,601) |
| Withholding taxes on stock-based compensation | (128) | |
| Cash dividends | (3,766) | (3,887) |
| Net cash used for financing activities | (33,430) | (65,220) |
| Net increase (decrease) in cash and cash equivalents | 1,714 | (14,473) |
| Cash and cash equivalents at beginning of year | 51,376 | 65,849 |
| Cash and cash equivalents at end of year | 53,090 | 51,376 |
| Supplemental information: | ||
| Cash paid for interest | 21,403 | 19,762 |
| Cash paid for income taxes | $ 1,916 | $ 3,090 |
Organization and Summary of Significant Accounting Policies |
12 Months Ended | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | ||||||||||||||||
| Organization and Summary of Significant Accounting Policies | ||||||||||||||||
| Organization and Summary of Significant Accounting Policies | Note 1: Organization and Summary of Significant Accounting Policies Basis of presentation The consolidated financial statements include the accounts of Provident Financial Holdings, Inc., and its wholly owned subsidiary, Provident Savings Bank, F.S.B. (collectively, the “Corporation”). All inter-company balances and transactions have been eliminated. Provident Savings Bank, F.S.B. (the “Bank”) converted from a federally chartered mutual savings bank to a federally chartered stock savings bank effective, June 27, 1996. Provident Financial Holdings, Inc., a Delaware corporation organized by the Bank, acquired all of the capital stock of the Bank issued in the conversion; the transaction was recorded on a book value basis. The Corporation has determined that it operates in one business segment through the Bank. The Bank's activities include attracting deposits, offering banking services and originating and purchasing single-family, multi-family, commercial real estate, construction and other mortgage loans and, to a lesser extent, commercial business and consumer loans held for investment. Deposits are collected primarily from 13 banking locations located in Riverside and San Bernardino counties in California. Additional activities may include originating saleable single-family loans, primarily fixed-rate first mortgages. Loans are primarily originated and purchased in California. Use of estimates The accounting and reporting policies of the Corporation conform to generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, the valuation of investment securities, deferred tax assets (liabilities), and deferred compensation costs. The following accounting policies, together with those disclosed elsewhere in the consolidated financial statements, represent the significant accounting policies of Provident Financial Holdings, Inc. and the Bank. Cash and cash equivalents Cash and cash equivalents include cash on hand and due from banks, as well as overnight deposits placed at the FRB – San Francisco and correspondent banks. Investment securities The Corporation classifies its qualifying investments as available for sale or held to maturity. The Corporation classifies investments as held to maturity when it has the ability and it is management’s positive intent to hold such securities to maturity. Securities held to maturity are carried at amortized historical cost. All other securities are classified as available for sale and carried at fair value. Fair value generally is determined based upon quoted market prices. Changes in net unrealized gains or losses on debt securities available for sale are included in accumulated other comprehensive income, net of tax. Gains and losses on sale or dispositions of investment securities are included in non-interest income and are determined using the specific identification method. Purchase premiums and discounts are amortized over the expected average life of the securities using the effective interest method. The Corporation evaluates individual investment securities quarterly for impairment based on Accounting Standards Codification (“ASC”) 326, “Financial Instruments – Credit Losses.” As a part of the Corporation’s monthly risk assessment, the Corporation runs 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 security before the recovery of its amortized cost basis. 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 costs 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 costs. Loans held for investment Loans held for investment primarily consist of long-term, fixed- and adjustable-rate loans secured by single-family residences, as well as multi-family and commercial real estate loans secured by multi-family and commercial properties, and loans secured by land and other residential properties. The Corporation intends to hold these loans for the foreseeable future. They are generally offered to customers and businesses located in California. Net loan origination fees and certain direct origination expenses are deferred and amortized to interest income over the contractual life of the loan using the effective interest method. Amortization is discontinued for non-performing loans. Interest receivable primarily represents the current month’s interest, which will be included as a part of the borrower’s next monthly loan payment. Interest receivable is accrued only if deemed collectible. 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. When a loan is placed on non-performing status, interest accrued but not received is reversed against interest income. Interest income on non-performing loans is subsequently recognized only to the extent that cash is received and the principal balance is deemed collectible. If the principal balance is not deemed collectible, the entire payment received (principal and interest) is applied to the outstanding loan balance. Non-performing loans that become current as to both principal and interest are returned to accrual status after demonstrating satisfactory payment history (usually six consecutive months) and when future payments are expected to be collectible. Allowance for credit losses The allowance for credit losses involves significant judgment and assumptions by management, which has a material impact on the carrying value of financial assets. The Corporation adopted ASC 326 using the prospective transition approach for all financial assets measured at amortized cost and off-balance sheet credit exposures.
Non-performing loans The Corporation assesses loans individually and classifies them as non-performing when the accrual of interest has been discontinued, loans have been modified to borrowers experiencing financial difficulties or management has serious doubts about the future collectability of principal and interest, even though the loans may currently be performing. Factors considered in determining classification include, but are not limited to, expected future cash flows, the financial condition of the borrower and current economic conditions. The Corporation measures each non-performing loan based on ASC 326, establishes a collectively evaluated or individually evaluated allowance, and charges off those loans or portions of loans deemed uncollectible. 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. Real estate owned Real estate acquired through foreclosure is initially recorded at the fair value of the real estate acquired, less estimated selling costs. Subsequent to foreclosure, the Corporation charges current earnings for estimated losses if the carrying value of the property exceeds its fair value. Gains or losses on the sale of real estate are recognized upon disposition of the property. Costs relating to improvement, maintenance and repairs of the property are charged to operations as incurred. Impairment of long-lived assets The Corporation reviews its long-lived assets for impairment annually or when events or circumstances indicate that the carrying amount of these assets may not be recoverable. Long-lived assets include buildings, land, fixtures, furniture and equipment. An asset is considered impaired when the expected discounted cash flows over the remaining useful life are less than the net book value. When impairment is indicated for an asset, the amount of impairment loss is the excess of the net book value over its fair value. Premises and equipment Premises and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation is computed primarily on a straight-line basis over the estimated useful lives as follows:
Leasehold improvements are amortized over the lesser of their respective lease terms or the useful life of the improvement, which ranges from to 10 years. Maintenance and repair costs are charged to operations as incurred. Income taxes The Corporation accounts for income taxes in accordance with ASC 740, “Income Taxes.” ASC 740 requires the affirmative evaluation that it is more likely than not, based on the technical merits of a tax position, that an enterprise is entitled to economic benefits resulting from positions taken in income tax returns. If a tax position does not meet the more-likely-than-not recognition threshold, the benefit of that position is not recognized in the financial statements. ASC 740 requires that when determining the need for a valuation allowance against a deferred tax asset, management must assess both positive and negative evidence with regard to the realizability of the tax losses represented by that asset. To the extent available, if sources of taxable income are insufficient to absorb tax losses, a valuation allowance is necessary. Sources of taxable income for this analysis include prior years’ tax returns, the expected reversals of taxable temporary differences between book and tax income, prudent and feasible tax-planning strategies, and future taxable income. The deferred income tax asset related to the allowance for credit losses will be realized when actual charge-offs are made against the allowance. Based on the availability of loss carry-backs and projected taxable income during the periods for which loss carry-forwards are available, management believes it is more likely than not the Corporation will realize the deferred tax assets (liabilities). The Corporation continues to monitor the deferred tax assets or liabilities on a quarterly basis for a valuation allowance. The future realization of these tax benefits primarily hinges on adequate future earnings to utilize the tax benefit. Prospective earnings or losses, tax law changes or capital changes could prompt the Corporation to reevaluate the assumptions which may be used to establish a valuation allowance. As of June 30, 2025, the estimated net deferred tax liability was $832,000 and is included in accounts payable, accrued interest and other liabilities in the Consolidated Statements of Financial Condition; while, at June 30, 2024, the estimated net deferred tax asset was $606,000 and is included in prepaid expenses and other assets. The Corporation maintains the net deferred tax asset or liability for deductible temporary tax differences, such as loss reserves, deferred compensation, non-accrued interest and unrealized gains or losses, among other items. During the fiscal year ended June 30, 2025, the Corporation’s net deferred tax position changed from a net deferred tax asset to a net deferred tax liability. This change was primarily due to the reversal of deferred tax assets previously recognized in connection with accrued Supplemental Executive Retirement Plan obligations, which were settled during the year, and the recognition of deferred tax liabilities associated with unrealized gains on other equity investments, which are recorded through net income and result in taxable temporary differences. The Corporation did not have any liabilities for uncertain tax positions or any known unrecognized tax benefit at June 30, 2025 or 2024. Bank owned life insurance ("BOLI") ASC 715-60-35, "Accounting for Deferred Compensation and Post-retirement Benefit Aspects of Endorsement Split-Dollar Life Insurance Arrangements," requires an employer to recognize obligations associated with endorsement split-dollar life insurance arrangements that extend into the participant’s post-employment benefit cost for the continuing life insurance or based on the future death benefit depending on the contractual terms of the underlying agreement. The Corporation adopted ASC 715-60-35 using the latter option, i.e., based on the future death benefit. The Bank purchases BOLI policies on the lives of certain executive officers while they are employed by the Bank and is the owner and beneficiary of the policies. The Bank invests in BOLI to provide an efficient form of funding for long-term retirement and other employee benefits costs. The Bank records these BOLI policies within prepaid expenses and other assets in the Consolidated Statements of Financial Condition at each policy’s respective cash surrender value, with net changes recorded in other non-interest income in the Consolidated Statements of Operations. Cash dividend A declaration or payment of dividends is at the discretion of the Corporation’s Board of Directors, who take into account the Corporation’s financial condition, results of operations, tax considerations, capital requirements, industry standards, economic conditions and other factors, including the regulatory restrictions which affect the payment of dividends by the Bank to the Corporation. Under Delaware law, dividends may be paid either out of surplus or, if there is no surplus, out of net profits for the current fiscal year and/or the preceding fiscal year in which the dividend is declared. For additional information, see Note 19 of the Notes to Consolidated Financial Statements regarding the subsequent event related to the cash dividend. Stock repurchases The Corporation repurchased 285,170 shares of its common stock at an average cost of $15.04 per share during fiscal 2025 pursuant to its publicly announced stock repurchase plans. As of June 30, 2025, 217,028 shares, or 65% of the shares authorized for repurchase, remained available under the Corporation’s existing repurchase plan, which is set to expire on January 23, 2026. Earnings per common share (“EPS”) Basic EPS represents net income divided by the weighted average common shares outstanding during the period excluding any potential dilutive effects. Diluted EPS gives effect to any potential issuance of common stock that would have caused basic EPS to be lower as if the issuance had already occurred. Accordingly, diluted EPS reflects an increase in the weighted average shares outstanding as a result of the assumed exercise of stock options and the vesting of restricted stock. The computation of diluted EPS does not assume exercise of stock options and vesting of restricted stock that would have an anti-dilutive effect on EPS. Stock-based compensation ASC 718, “Compensation – Stock Compensation,” requires companies to recognize in the Consolidated Statements of Operations the grant-date fair value of stock options and other equity-based compensation issued to employees and directors. Stock-based compensation, inclusive of restricted stock expense, recognized in the Consolidated Statements of Operations for the fiscal years ended June 30, 2025 and 2024 was $543,000 and $240,000, respectively. Employee Stock Ownership Plan ("ESOP") The Corporation recognizes compensation expense when the Bank contributes funds to the ESOP for the purchase of the Corporation’s common stock to be allocated to the ESOP participants. Since the contributions are discretionary, the benefits payable under the ESOP cannot be estimated. Restricted stock The Corporation recognizes compensation expense over the vesting period of the shares awarded, equal to the fair value of the shares at the award date. A total of $472,000 and $203,000 of restricted stock expense was amortized during fiscal 2025 and 2024, respectively. Post-retirement benefits The estimated obligation for post-retirement health care and life insurance benefits is determined based on an actuarial computation of the cost of current and future benefits for the eligible (grandfathered) retirees and employees. The post retirement benefit liability is included in accounts payable, accrued interest and other liabilities in the Consolidated Statements of Financial Condition. Effective July 1, 2003, the Corporation discontinued the post-retirement health care and life insurance benefits to any employee not previously qualified (grandfathered) for these benefits, unless included within an employment agreement. At June 30, 2025 and 2024, the accrued liability for post-retirement benefits was $741,000 and $450,000, respectively. Comprehensive income Under ASC 220, “Comprehensive Income,” comprehensive income consists of net income and other comprehensive income, including unrealized gains or losses on available for sale securities and interest-only strips. Accumulated comprehensive income (loss) is reported as a separate component of the stockholders’ equity section of the Consolidated Statements of Financial Condition and Consolidated Statements of Stockholders’ Equity. Accounting Standard Updates (“ASU”) ASU 2024-03: In November 2024, the Financial Accounting Standards Board (“FASB”) issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Topic 220): Disaggregation of Income Statement Expenses. 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) inventory purchases, (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. The ASU does not affect the presentation of expenses on the face of the income statement. Rather, it requires additional disaggregation of those captions into specified natural expense categories in the financial statement footnotes. 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.
ASU 2023-07: In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The key amendments include: (a) introducing a new requirement to disclose significant segment expenses regularly provided to the chief operating decision maker (“CODM”), (b) extending certain annual disclosures to interim periods, (c) clarifying that single reportable segment entities must apply ASC 280 in its entirety, (d) permitting more than one measure of segment profit or loss to be reported under certain conditions, and (e) requiring disclosure of the title and position of the CODM. This ASU is effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Corporation operates as a single segment and reporting unit; therefore, the adoption of this ASU did not have a material impact on the Corporation’s consolidated financial statements but resulted in expanded disclosures within Note 17 on Segment Reporting. |
Investment Securities |
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| Investment Securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | Note 2: Investment Securities The amortized cost and estimated fair value of investment securities as of June 30, 2025 and 2024 were as follows:
In fiscal 2025 and 2024, the Corporation received principal payments from its investment securities of $21.5 million and $24.1 million, respectively, and did not sell any investment securities. The Corporation purchased investment securities totaling $981,000 in fiscal 2025, while no investment securities were purchased in fiscal 2024. As of June 30, 2025 and 2024, the Corporation held investments with an unrealized loss position of $10.4 million and $15.8 million, respectively.
The Corporation evaluates individual investment securities quarterly for impairment based on ASC 326 since the adoption on July 1, 2023. At June 30, 2025, most of the $10.4 million of unrealized holding losses were in a loss position for 12 months or more, except one investment security with a $1,000 unrealized loss for less than 12 months, while at June 30, 2024, all of the $15.8 million of unrealized holding losses were in a loss position for 12 months or more. 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 (“GSE”) 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 or available for sale and as such, records the investment security at amortized cost or fair market value as prescribed by GAAP. As a part of the Corporation’s monthly risk assessment, the Corporation runs 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. 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 costs are 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 costs. In order to maintain adequate liquidity, the Bank has established borrowing facilities with various counterparties. The Bank had a remaining borrowing capacity of $282.3 million as of June 30, 2025 at the FHLB of San Francisco. In addition, the Bank has secured an estimated $142.5 million discount window facility at the FRB of San Francisco collateralized by single-family loans held for investment totaling $227.0 million and investment securities totaling $24.8 million as of June 30, 2025. As of June 30, 2025, 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 June 30, 2025. The total available borrowing capacity across all sources totaled approximately $474.8 million at June 30, 2025. At June 30, 2024, the Bank had a remaining borrowing capacity of $261.3 million at the FHLB of San Francisco. In addition, the Bank had secured an estimated $208.6 million discount window facility at the FRB of San Francisco collateralized by single-family loans held for investment totaling $178.6 million and investment securities totaling $126.6 million at June 30, 2024. As of June 30, 2024, 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, 2024. The total available borrowing capacity across all sources totaled approximately $519.9 million at June 30, 2024. At June 30, 2025 and 2024, the Corporation did not hold any investment securities held to maturity or investment securities available for sale with the intent to sell and determined it had the ability to hold these investment securities until maturity. It also determined that it was more likely than not that the Corporation would not be required to sell the securities prior to recovery of the amortized cost basis; therefore, no impairment losses were recorded on investment securities available for sale for fiscal years ended June 30, 2025 and 2024. In addition, no allowance for credit losses were recorded on investment securities held to maturity for the fiscal years ended June 30, 2025 and 2024. Contractual maturities of investment securities as of June 30, 2025 and 2024 were as follows:
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Loans Held for Investment |
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| Loans Held for Investment | Note 3: Loans Held for Investment Loans held for investment consisted of the following at June 30, 2025 and 2024:
The following table sets forth information at June 30, 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. Fixed-rate loans comprised 10% of loans held for investment at both June 30, 2025 and 2024, respectively. Adjustable-rate loans with no stated repricing date that reprice when the index to which they are tied to reprices (e.g. prime rate index) and checking account overdrafts are reported as repricing within one year, subject to periodic and maximum rate caps. The table does not include any estimate of prepayments, which may cause the Corporation’s actual repricing experience to differ materially from that shown.
The following tables present the Corporation’s commercial real estate loans by property type and loan-to-value (“LTV”) as of June 30, 2025 and 2024:
(1)Current loan balance as a percentage of the original appraised value.
The following tables present the Corporation’s commercial real estate loans by geographic concentration as of June 30, 2025 and 2024:
(1)Inland Empire comprised of San Bernardino and Riverside counties. (2)Other than the Inland Empire.
(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:
The following table presents the Corporation’s recorded investment in loans by risk categories and gross charge-offs by year of origination as of June 30, 2025:
The following table presents the Corporation’s recorded investment in loans by risk categories by year of origination as of June 30, 2024:
As required by ASC 326 on July 1, 2023, the Corporation implemented CECL and recognized a $1.2 million one-time increase to its ACL. 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 adjusted through an entry to the provision for (recovery of) credit losses. Management calculates 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 losses and/or with peer loss history, where applicable. 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 CECL and as of June 30, 2025 and 2024, based on reasonable and supportable 12-month forecasts of the National Unemployment Rate and 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 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:
The qualitative portion of the Corporation’s allowance on collectively evaluated loans are calculated using management’s judgment to determine risk categorizations in each of the Q-factors presented above. The amount of qualitative allowance is also contingent upon the relative weighting of the Q-factors, as determined by management’s judgment.
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 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 modifications noted above. During the fiscal years ended June 30, 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 can be restored to accrual status when a borrower is current in payments for six consecutive months. The following tables summarize the Corporation’s ACL and recorded investment in gross loans, by portfolio type, at the dates and for the years indicated:
The following summarizes the components of the net change in the allowance for credit losses for the years indicated:
The following tables identify the Corporation’s total recorded investment in non-performing loans 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 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 June 30, 2025 and 2024, there were no commitments to lend additional funds to those borrowers whose loans were classified as non-performing. During both fiscal years ended June 30, 2025 and 2024, the Corporation’s average non-performing loans was $2.1 million. 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 fiscal year ended June 30, 2025, the Corporation received $242,000 in interest payments from non-performing loans, all of which was recognized as interest income under cash basis and none was applied to reduce the loan balances under the cost recovery method. In comparison, for the fiscal year ended June 30, 2024, the Bank received $119,000 in interest payments from non-performing loans, all of which was recognized as interest income under cash basis and none was applied to reduce the loan balances under the cost recovery method. Since the implementation of ASC 326, the Bank includes the off-balance sheet reserve for unfunded loan commitments within the provision for (recovery of) credit losses. The following table provides information regarding the unfunded loan commitment reserve for the fiscal years ended June 30, 2025 and 2024:
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 to both unfunded loan commitments and funded loans held for investment, grouped by loan category, to determine the reserve rate and allowance. These assumptions are evaluated by management periodically as part of the CECL procedures. The unfunded loan commitment reserve is recorded in accounts payable, accrued interest and other liabilities in the Consolidated Statements of Financial Condition. The following tables provide information on the past due status of the Corporation’s loans held for investment, gross, at the dates indicated:
In the ordinary course of business, the Bank may offer loans to its directors, officers and employees on substantially the same terms prevailing at the time of origination for comparable transactions with unaffiliated borrowers. During fiscal 2025 and 2024, there were no related-party loan transactions and as of June 30, 2025 and 2024, there were no outstanding related-party loans. |
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Leases |
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| Leases | Note 4: 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 Consolidated Statements of Financial Condition. At June 30, 2025 and 2024, 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 interest accretion on the lease liability is recognized as interest expense in the Corporation’s Consolidated Statements of Operations. For the fiscal years ended June 30, 2025 and 2024, expenses associated with the Corporation’s leases totaled $774,000, and $927,000, respectively. Expenses associated with the Corporation’s leases are recorded in either premises and occupancy or equipment expense for operating leases; while for finance leases, expenses are recorded in equipment expense and interest expense on borrowings, as applicable, in the Consolidated Statements of Operations. The following tables present supplemental information related to leases at the dates and for the years indicated.
The following table provides information related to remaining minimum contractual lease payments and other information associated with the Corporation’s leases as of June 30, 2025:
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Premises and Equipment |
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| Premises and Equipment | Note 5: Premises and Equipment Premises and equipment at June 30, 2025 and 2024 consisted of the following:
For both fiscal years ended June 30, 2025 and 2024, the depreciation and amortization expense was $1.6 million. |
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Deposits |
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| Deposits | Note 6: Deposits Deposits at June 30, 2025 and 2024 consisted of the following:
The aggregate annual maturities of time deposits at June 30, 2025 and 2024 were as follows:
Interest expense on deposits for the years indicated is summarized as follows:
At June 30, 2025, the Bank had related party deposits of approximately $8.0 million, compared to $6.3 million at June 30, 2024. At June 30, 2025 and 2024, deposits with negative balances (i.e. overdrafts) that were reclassified to loans held for investment totaled $17,000 and $24,000, respectively. The Bank generally is required to maintain reserve balances with the FRB, however, effective March 26, 2020, the FRB lowered the reserve ratios on transaction accounts maintained at a depository institution to zero percent, as such there was no required reserve balance at June 30, 2025 and 2024. |
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| Borrowings | Note 7: Borrowings As of June 30, 2025, the Bank’s FHLB – San Francisco maximum borrowing capacity was approximately $504.1 million, which is limited to 40% of total assets reported on the Bank’s March 31, 2025 Call Report. This borrowing capacity was collateralized by pledges of certain real estate loans with an aggregate loan balance of $734.4 million and investment securities of $4.7 million. As of June 30, 2025, the Bank’s borrowings from the FHLB – San Francisco were $213.0 million, with varying maturity dates through the year 2028. In addition, the Bank utilizes its borrowing facility for letters of credit and for the Mortgage Partnership Finance (“MPF”) program credit enhancement. The outstanding letters of credit were $8.5 million and the outstanding MPF credit enhancement was $216,000 at June 30, 2025. As of June 30, 2025, the remaining borrowing capacity with the FHLB – San Francisco was $282.3 million. As of June 30, 2024, the Bank’s FHLB – San Francisco maximum borrowing capacity was approximately $516.0 million, which is limited to 40% of total assets reported on the Bank’s quarterly Call Report. This borrowing capacity was collateralized by pledges of certain real estate loans with an aggregate loan balance of $774.1 million and investment securities of $3.9 million. As of June 30, 2024, the Bank’s borrowings from the FHLB – San Francisco were $238.5 million, with varying maturity dates through the calendar year 2028. In addition, the Bank utilizes its borrowing facility for letters of credit and for the MPF program credit enhancement. The outstanding letters of credit were $16.0 million and the outstanding MPF credit enhancement was $216,000 at June 30, 2024. As of June 30, 2024, the remaining borrowing capacity with FHLB – San Francisco was $261.3 million. In addition, as of June 30, 2025 and 2024, the Bank had $142.5 million and $208.6 million of borrowing capacity available from the discount window facility at the FRB of San Francisco, respectively, collateralized by investment securities of $24.8 million and $126.6 million, and loans held for investment of $227.0 million and $178.6 million, respectively. As of both June 30, 2025 and 2024, the Bank also had a borrowing arrangement in the form of a federal funds facility with its correspondent bank for $50.0 million. The Bank intends to request a renewal of its borrowing arrangement with the correspondent bank prior to maturity on March 31, 2026. As of both June 30, 2025 and 2024, there were no outstanding borrowings under the discount window facility or the federal funds facility. Borrowings at June 30, 2025 and 2024 consisted of the following:
As a member of the FHLB – San Francisco, the Bank is required to maintain a minimum investment in FHLB – San Francisco capital stock. At both June 30, 2025 and 2024, the Bank held a stock investment of $9.6 million, with no excess capital stock. During fiscal 2025, the Bank did not purchase any FHLB – San Francisco capital stock; while during fiscal 2024, the Bank purchased $63,000 of FHLB - San Francisco capital stock. In fiscal 2025 and 2024, the FHLB – San Francisco distributed $835,000 and $793,000 of cash dividends, respectively, to the Bank. The following tables set forth certain information regarding borrowings by the Bank at the dates and for the years indicated:
The aggregate annual contractual maturities of borrowings at June 30, 2025 and 2024 were as follows:
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Income Taxes |
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| Income Taxes | Note 8: Income Taxes ASC 740, “Income Taxes,” requires the affirmative evaluation that it is more likely than not, based on the technical merits of a tax position, that an enterprise is entitled to economic benefits resulting from positions taken in income tax returns. If a tax position does not meet the more-likely-than-not recognition threshold, the benefit of that position is not recognized in the financial statements. Management has determined that there were no unrecognized tax benefits to be reported in the Corporation’s consolidated financial statements for the fiscal years ended June 30, 2025 and 2024. Under GAAP, the Corporation uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Corporation’s effective tax rate may differ from the estimated statutory tax rates described above due to discrete items such as further adjustments to net deferred tax assets and liabilities, excess tax benefits derived from stock option exercises and non-taxable earnings from bank owned life insurance, among other items. Under the asset and liability method of accounting for income taxes, deferred tax assets are recognized for deductible temporary differences and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effect of changes in tax laws and rates on the date of enactment. The provision for income taxes for the years indicated consisted of the following:
The Corporation’s tax expense from non-qualified stock-based compensation recognized in the Consolidated Statements of Operations in connection with the adoption of ASU 2016-09 for fiscal 2025 and 2024 was $2,000 and $0, respectively. The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to net income before income taxes as a result of the following differences for the years indicated:
Deferred tax (liabilities) assets at June 30, 2025 and 2024 by jurisdiction were as follows:
Net deferred tax (liabilities) assets at June 30, 2025 and 2024 were comprised of the following:
The net deferred tax assets were included in prepaid expenses and other assets, while the net deferred tax liabilities were included in accounts payable, accrued interest and other liabilities in the Consolidated Statements of Financial Condition. The Corporation analyzes the deferred tax assets to determine whether a valuation allowance is required based on the more-likely-than-not criteria that such assets will be realized principally through future taxable income or expense. This criteria takes into account the actual earnings and the estimates of future profitability. The Corporation may carryback net federal tax losses to the preceding five taxable years and forward to the succeeding 20 taxable years. At June 30, 2025 and 2024, the Corporation had no federal and state net tax loss carryforwards. Based on management’s consideration of historical and anticipated future income before income taxes, as well as the reversal period for the items giving rise to the deferred tax assets and liabilities, a valuation allowance was not considered necessary at June 30, 2025 and 2024 and management believes it is more likely than not the Corporation will realize its deferred tax assets (liabilities). Retained earnings at June 30, 2025 and 2024 include approximately $9.0 million (pre-1988 bad debt reserve for tax purposes) for which federal income tax of $3.1 million has not been provided. If the amounts that qualify as deductions for federal income tax purposes are later used for purposes other than for bad debt losses, including distribution in liquidation, they will be subject to federal income tax at the then-current corporate tax rate. If those amounts are not so used, they will not be subject to tax even in the event the Bank were to convert its charter from a thrift to a bank. The Corporation files income tax returns for the United States and California jurisdictions. The Internal Revenue Service has audited the Bank’s income tax returns through 1996 and the California Franchise Tax Board (“CFTB”) has audited the Bank through 1990. Also, the Internal Revenue Service completed a review of the Corporation’s income tax returns for fiscal 2006 and 2007; and the CFTB completed a review of the Corporation’s income tax returns for fiscal 2009 and 2010. Fiscal years 2023 and thereafter remain subject to federal examination, while the California state tax returns for fiscal years 2022 and thereafter are subject to examination by state taxing authorities. In April 2025, the CFTB initiated a tax examination of the Corporation’s returns for fiscal years 2021 and 2022. As of June 30, 2025, all requested documents have been provided to the CFTB, and the Corporation is currently in discussions regarding the potential outcome of this examination. While the Corporation believes that its tax positions are fully supported, any adjustment resulting from ongoing audits or reviews could have a material impact on its financial position, results of operations, or cash flows. The Corporation continues to evaluate the potential outcomes of the audits and related exposure to uncertain tax positions. It is the Corporation’s policy to record any penalties or interest charges arising from federal or state taxes as a component of income tax expense. For the fiscal years ended June 30, 2025 and 2024, there were no tax penalties and no interest charges arising from federal or state taxes. |
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Capital |
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| Capital | Note 9: Capital The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. These capital regulations define the types of capital that qualify for meeting these requirements. Failure to meet the minimum capital requirements may trigger certain mandatory actions, and possibly additional discretionary actions, by regulators. Such actions, if taken, could materially affect the Corporation’s financial condition and results of operations. Under the capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must comply with specific capital guidelines that are based on quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items, as calculated under regulatory accounting practices. Additionally, the Bank’s capital amounts and classification are subject to qualitative assessments by regulators, who evaluate factors such as component composition, risk weightings, and other relevant considerations. For a bank holding company such as the Corporation with less than $3.0 billion in assets, the capital guidelines apply on a bank only basis. The FRB expects the holding company’s subsidiary bank to be well capitalized under the prompt corrective action regulations. If the Corporation was subject to regulatory guidelines for bank holding companies at June 30, 2025, it would have exceeded all regulatory capital requirements. The Bank is subject to capital regulations that establish minimum required capital ratios for Tier 1 leverage, common equity Tier 1 (“CET1”), Tier 1 risk-based and total risk-based capital. Additionally, a capital conservation buffer of 2.5% is required above the minimum capital ratios for the CET1, Tier 1 risk-based, and total risk-based capital ratios. Failure to maintain a minimum capital conservation buffer of 2.5% may result in limitations on the Corporation’s ability to pay dividends, engage in share repurchases, and pay discretionary bonuses based on percentages of eligible retained income that could be utilized for such actions. The Bank’s actual and required minimum capital amounts and ratios at the dates indicated are as follows (dollars in thousands):
At June 30, 2025, the Bank exceeded all regulatory capital requirements. The Bank was categorized as "well-capitalized" at June 30, 2025 under the regulations of the Office of the Comptroller of the Currency (“OCC”). The ability of the Corporation to pay dividends to stockholders depends primarily on the ability of the Bank to pay dividends to Provident Financial Holdings. Provident Financial Holdings and the Bank may not declare or pay cash dividends on or repurchase any of its shares of common stock, if the effect would cause stockholders’ equity to be reduced below applicable regulatory capital maintenance requirements or if such declaration and payment would otherwise violate regulatory requirements. Generally, savings institutions, such as the Bank, that are well-capitalized before and after the proposed distribution may make capital distributions during any calendar year up to 100% of net income for the year-to-date plus retained net income for the two preceding years. However, an institution deemed to be in need of more than normal supervision or classified as troubled condition by the OCC may have its dividend authority restricted by the OCC. If the Bank, however, proposes to make a capital distribution when it does not meet its capital requirements (or will not following the proposed capital distribution) or that will exceed the net income-based limitations, it must obtain the FRB’s and OCC's approval prior to making such distribution. In addition, the Bank must file a prior written notice of a capital distribution with the FRB and OCC. The FRB or the OCC may object to a capital distribution based on safety and soundness concerns. Additional restrictions on Bank dividends may apply if the Bank fails the Qualified Thrift Lender test. In fiscal 2025 and 2024, the Bank declared and paid cash dividends of $9.0 million and $7.0 million, respectively, to its parent, Provident Financial Holdings. |
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Benefit Plans |
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| Benefit Plans | Note 10: Benefit Plans The Corporation has a 401(k) defined-contribution plan covering all employees meeting specific age and service requirements. Under the plan, employees may contribute to the plan from their pretax compensation up to the limits set by the Internal Revenue Service. The Corporation makes matching contributions up to 3% of a participants’ pretax compensation. Participants vest immediately in their own contributions with 100% vesting in the Corporation’s contributions occurring after six years of credited service. The Corporation’s expense for the plan was approximately $276,000 and $303,000 for the fiscal years ended June 30, 2025 and 2024, respectively. The Corporation has a multi-year employment agreement and a post-retirement compensation agreement with one executive officer. In addition, the Corporation has a transition agreement with the previous executive officer (currently the non-executive Chairman of the Board of Directors). At June 30, 2025 and 2024, the accrued liabilities of the post-retirement compensation agreements were $3.3 million and $5.7 million, respectively, with any costs (or recoveries) being accrued and expensed quarterly. In July 2024, the Corporation paid the post-retirement compensation benefit to the previous executive officer. For fiscal 2025 and 2024, the accrued expense (or recovery) for these liabilities was $178,000 and $85,000, respectively. The current obligation for these post-retirement benefits was fully funded consistent with contractual requirements and actuarially determined estimates of the total future obligation. The Corporation invests in BOLI to provide sufficient funding for these post-retirement obligations. As of June 30, 2025 and 2024, the total outstanding cash surrender value of the BOLI was $8.7 million and $8.6 million, respectively. For fiscal 2025 and 2024, total BOLI non-taxable income, net of mortality cost, was $184,000 and $186,000, respectively. Employee Stock Ownership Plan (“ESOP”) The Corporation established an ESOP on June 27, 1996 for all employees who are age 21 or older and have completed one year of service with the Corporation during which they have served a minimum of hours. The Corporation recognizes compensation expense when the Corporation contributes funds to the ESOP for the purchase of the Corporation’s common stock to be allocated to the ESOP participants. The Corporation's contribution to the ESOP plan is discretionary. During fiscal 2025 and 2024, there were 40,000 shares for each year that were purchased in the open market to fulfill the annual discretionary allocation. Since the annual contributions are discretionary, the benefits payable under the ESOP cannot be estimated. Benefits generally become 100% vested after six years of credited service. Vesting accelerates upon retirement, death or disability of the participant or in the event of a change in control of the Corporation. Forfeitures are reallocated among remaining participating employees in the same proportion as contributions. Benefits are payable upon death, retirement, early retirement, disability or separation from service. The net expense related to the ESOP for the fiscal years ended June 30, 2025 and 2024, was $592,000 and $540,000, respectively. Shares and cash contributions, if any, are allocated at the end of each calendar year. For the calendar years 2024 and 2023, the total ESOP allocation was 40,000 shares for each period.
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| Incentive Plans | Note 11: Incentive Plans As of June 30, 2025, the Corporation had four share-based compensation plans: the 2022 Equity Incentive Plan (“2022 Plan”); the 2013 Equity Incentive Plan (“2013 Plan”); the 2010 Equity Incentive Plan (“2010 Plan”); and the 2006 Equity Incentive Plan (“2006 Plan”), collectively, the “Plans”. For the fiscal years ended June 30, 2025 and 2024, the compensation cost for the Plans was $543,000 and $240,000, respectively. Equity Incentive Plans. The Corporation established the Plans, which were all approved by shareholders for directors, advisory directors, directors emeriti, officers and employees of the Corporation and its subsidiary. The 2022 Plan authorizes 175,000 stock options and 200,000 shares of restricted stock. The 2022 Plan also provides that no person may be granted more than 35,000 stock options or 30,000 shares of restricted stock in any one year. The 2013 Plan authorizes 300,000 stock options and 300,000 shares of restricted stock. The 2013 Plan also provides that no person may be granted more than 60,000 stock options or 45,000 shares of restricted stock in any one year. The 2010 Plan authorized 586,250 stock options and 288,750 shares of restricted stock. The 2006 Plan authorized 365,000 stock options and 185,000 shares of restricted stock. As of June 30, 2025, equity awards may be granted only from the 2022 Plan, while no new equity awards can be granted from the 2013 Plan, 2010 Plan and 2006 Plan. Equity Incentive Plans - Stock Options. Under the Plans, options may not be granted at a price not less than the fair market value at the date of the grant. Options typically vest over a five-year or shorter period as long as the director, advisory director, director emeritus, officer or employee remains in service to the Corporation. The options are exercisable after vesting for up to the remaining term of the original grant. The maximum term of the options granted is 10 years. The fair value of each option grant is estimated using the Black-Scholes option valuation model with the following assumptions as of the grant date for the periods indicated. The expected volatility is based on implied volatility from historical common stock closing prices for the prior 84 months. The expected dividend yield is based on the most recent quarterly dividend on an annualized basis. The expected term is based on the historical experience of all fully vested stock option grants and is reviewed annually. The risk-free interest rate is based on the U.S. Treasury note rate with a term similar to the underlying stock option on the particular grant date.
As of June 30, 2025 and 2024, there were 45,000 options and 77,000 options available for future grants under the 2022 Plan, respectively. The following tables summarize the stock option activity in the Plans during the fiscal years ended June 30, 2025 and 2024.
As of June 30, 2025 and 2024, there was $266,000 and $231,000 of unrecognized compensation expense, respectively, related to unvested share-based compensation arrangements with respect to stock options issued under the Plans. The expense is expected to be recognized over a weighted average period of 3.7 years and 3.5 years, respectively. The forfeiture rate during both fiscal 2025 and 2024 was 15%, and was calculated by using the historical forfeiture experience of all fully vested stock option grants which is reviewed annually. Equity Incentive Plans – Restricted Stock. Awarded shares typically vest over a five-year or shorter period as long as the director, advisory director, director emeriti, officer or employee remains in service to the Corporation. Once vested, a recipient of restricted stock will have all rights of a shareholder, including the power to vote and the right to receive dividends. The Corporation recognizes compensation expense for the restricted stock awards based on the fair value of the shares at the award date. As of June 30, 2025 and 2024, there were 74,000 shares and 69,000 shares available for future awards under the 2022 Plan, respectively. The following table summarizes the restricted stock activity for the fiscal years ended June 30, 2025 and 2024.
As of June 30, 2025 and 2024, the unrecognized compensation expense was $1.3 million and $1.8 million, respectively, related to unvested share-based compensation arrangements with respect to restricted stock issued under the Plans, and reported as a reduction to stockholders’ equity. This expense is expected to be recognized over a weighted average period of 2.8 years and 3.5 years, respectively. Similar to stock options, a forfeiture rate of 15% was applied to the restricted stock compensation expense calculations in both fiscal 2025 and 2024, respectively. For the fiscal years ended June 30, 2025 and 2024, the fair value of shares vested and distributed was $315,000 and $24,000, respectively. |
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| Earnings Per Share | Note 12: 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 June 30, 2025 and 2024, there were outstanding options to purchase 229,000 shares and 480,000 shares of the Corporation’s common stock, of which 99,000 shares and 382,000 shares, respectively, were excluded from the diluted EPS computation as their effect was anti-dilutive. As of June 30, 2025 and 2024, there were outstanding restricted stock awards of 144,650 shares and 176,650 shares, respectively. The following tables provide the basic and diluted EPS computations for the fiscal years ended June 30, 2025 and 2024.
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Commitments and Contingencies |
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| Commitments and Contingencies | Note 13: Commitments and Contingencies Periodically, there have been various claims and lawsuits involving the Corporation, such as claims to enforce liens, condemnation proceedings on properties in which the Corporation holds security interests, claims involving the making and servicing of real property loans, employment matters and other issues in the ordinary course of and incidental to the Corporation’s business. These proceedings and the associated legal claims are often contested and the outcome of individual matters is not always predictable. Additionally, in some actions, it is difficult to assess potential exposure because the Corporation is still in the early stages of the litigation. The Corporation is not a party to any pending legal proceedings that it believes would have a material adverse effect on its financial condition, operations or cash flows. The Corporation conducts a portion of its operations in leased facilities and has maintenance contracts under non-cancelable agreements classified as operating or finance leases, which include leases recorded under ASC 842 on liabilities for future lease obligations as well as assets representing the right-to-use the underlying leased assets (See Note 4 of the Notes to Consolidated Financial Statements). The following is a schedule of the Corporation’s lease and operating commitments:
For the fiscal years ended June 30, 2025 and 2024, the lease and operating commitment expense was approximately $2.9 million and $2.3 million, respectively. The Bank sold single-family mortgage loans to unrelated third parties with standard representation and warranty provisions in the ordinary course of its business activities. Under these provisions, the Bank is required to repurchase any previously sold loan for which the representations or warranties of the Bank prove to be inaccurate, incomplete or misleading. In the event of a borrower default or fraud, pursuant to a breached representation or warranty, the Bank may be required to reimburse the investor for any losses suffered. During fiscal 2025 and 2024, the Bank did not repurchase any loans. As of June 30, 2025 and 2024, the Bank maintained a non-contingent recourse liability related to these representations and warranties of $17,000 and $18,000, respectively. In addition, the Bank maintained a recourse liability of $6,000 and $8,000, respectively, for loans sold to the FHLB – San Francisco under the MPF program. In the ordinary course of business, the Corporation enters into contracts with third parties under which the third parties provide services on behalf of the Corporation. In many of these contracts, the Corporation agrees to indemnify the third party service provider under certain circumstances. The terms of the indemnity vary from contract to contract and the amount of the indemnification liability, if any, cannot be determined. The Corporation also enters into other contracts and agreements; such as, loan sale agreements, litigation settlement agreements, confidentiality agreements, loan servicing agreements, leases and subleases, among others, in which the Corporation agrees to indemnify third parties for acts by the Corporation’s agents, assignees and/or sub-lessees, and employees. Due to the nature of these indemnification provisions, the Corporation cannot calculate its aggregate potential exposure. |
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Derivative and Other Financial Instruments with Off-Balance Sheet Risks |
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| Derivative and Other Financial Instruments with Off-Balance Sheet Risks | Note 14: 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 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 June 30, 2025 and 2024, the Corporation had commitments to extend credit on loans to be held for investment of $6.1 million and $9.4 million, respectively. The following table provides information at the dates indicated regarding 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:
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Fair Value of Financial Instruments |
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| Fair Value of Financial Instruments | Note 15: 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” on single-family loans originated for sale. 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. 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 Corporation elected the fair value option on loans held for investment that were previously originated for sale, as well as for other equity investments. The following table describes the difference at the dates indicated between the fair value and the unpaid loan principal balance and other equity investment base cost:
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:
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 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:
The following tables provide a reconciliation of the beginning and ending balances during the periods shown of recurring fair value measurements recognized in the Consolidated Statements of Financial Condition using Level 3 inputs:
The following fair value hierarchy table presents information about the Corporation’s assets measured at fair value at the dates indicated on a nonrecurring basis:
The following table presents additional information about valuation techniques and inputs used for assets and liabilities, including derivative financial instruments, which are measured at fair value and categorized within Level 3 as of June 30, 2025:
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 fiscal year ended June 30, 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 June 30, 2025 and 2024 were as follows:
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 is carried at cost/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 fiscal year ended June 30, 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. |
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| Revenue From Contracts With Customers | Note 16: 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 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, or quarterly. 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, overdraft 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, with the exception of interchanges 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 its 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 fiscal years ended June 30, 2025 and 2024:
For the fiscal years ended June 30, 2025 and 2024, substantially all the Corporation’s revenues within the scope of ASC 606 were for performance obligations satisfied at a specified date. Revenue recognized within the scope of ASC 606: Deposit account fees: Fees are earned on the Bank's deposit accounts for various products offered to or services performed for the Bank's customers. These fees include business account fees, non-sufficient fund fees, ATM fees and others. 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: Includes asset management fees, stop payment fees, wire services fees, safe deposit box fees and other fees earned on other services, such as merchant services or occasional non-recurring type services, are recognized at the time of the event or the applicable billing cycle. 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. |
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Segment Reporting |
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| Segment Reporting | Note 17: Segment Reporting The Corporation operates as a 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 period indicated:
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Holding Company Condensed Financial Information |
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| Holding Company Condensed Financial Information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Holding Company Condensed Financial Information | Note 18: Holding Company Condensed Financial Information This information should be read in conjunction with the other notes to the consolidated financial statements. The following is the Condensed Statements of Financial Condition for Provident Financial Holdings (Holding Company only) as of June 30, 2025, and 2024 and Condensed Statements of Operations and Cash Flows for the fiscal years ended June 30, 2025 and 2024. Condensed Statements of Financial Condition
Condensed Statements of Operations
Condensed Statements of Cash Flows
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Subsequent Events |
12 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Subsequent Events | |
| Subsequent Events | Note 19: Subsequent Events On July 24, 2025, the Corporation announced that the Provident Financial Holdings Board of Directors declared a quarterly cash dividend of $0.14 per share. Shareholders of Provident Financial Holdings common stock at the close of business on August 14, 2025 are entitled to receive the cash dividend, payable on September 4, 2025.
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Pay vs Performance Disclosure - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Pay vs Performance Disclosure | ||
| Net Income (Loss) | $ 6,255 | $ 7,351 |
Insider Trading Arrangements |
3 Months Ended |
|---|---|
Jun. 30, 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 |
Insider Trading Policies and Procedures |
12 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Insider Trading Policies and Procedures [Line Items] | |
| Insider Trading Policies and Procedures Adopted | true |
Cybersecurity Risk Management and Strategy Disclosure |
12 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Cybersecurity Risk Management, Strategy, and Governance [Line Items] | |
| Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block] | Managing technology risks, including cybersecurity risks, is a fundamental part of the Corporation’s risk management framework and processes. The Corporation employs a variety of processes, risk assessments, and controls to assess, identify, and manage these risks. This includes estimating the likelihood and potential impact of cybersecurity incidents. To manage these risks, the Corporation designs, documents, and implements controls, which are then tested through compliance assessments and internal and external audits. In some cases, the Corporation also transfers risk, either wholly or partially, through insurance and other methods. When an incident occurs, the Corporation responds by remediating the incident while complying with regulatory obligations, and then evaluates the remediation’s effectiveness. Communication about risk management matters is conducted through documented policies and procedures, management and Board committee reporting, and employee training and communications. For a detailed description of how cybersecurity risks may materially affect the Corporation’s business strategy or results, see "Item 1A. Risk Factors.” Additionally, the Corporation engages third-party experts as needed to assess, manage, and respond to cybersecurity risks through various methods, including risk assessments, IT audits based on different frameworks, penetration and vulnerability testing, social engineering, incident response, threat intelligence, education, and managed security services.The Corporation also monitors risks from third parties, such as service providers, through efforts like monitoring, information sharing, risk assessments, audits, contractual due diligence, and adherence to third-party security standards. |
| Cybersecurity Risk Management Processes Integrated [Flag] | true |
| Cybersecurity Risk Management Processes Integrated [Text Block] | Managing technology risks, including cybersecurity risks, is a fundamental part of the Corporation’s risk management framework and processes. The Corporation employs a variety of processes, risk assessments, and controls to assess, identify, and manage these risks. This includes estimating the likelihood and potential impact of cybersecurity incidents. To manage these risks, the Corporation designs, documents, and implements controls, which are then tested through compliance assessments and internal and external audits. In some cases, the Corporation also transfers risk, either wholly or partially, through insurance and other methods. When an incident occurs, the Corporation responds by remediating the incident while complying with regulatory obligations, and then evaluates the remediation’s effectiveness. Communication about risk management matters is conducted through documented policies and procedures, management and Board committee reporting, and employee training and communications. For a detailed description of how cybersecurity risks may materially affect the Corporation’s business strategy or results, see "Item 1A. Risk Factors.” Additionally, the Corporation engages third-party experts as needed to assess, manage, and respond to cybersecurity risks through various methods, including risk assessments, IT audits based on different frameworks, penetration and vulnerability testing, social engineering, incident response, threat intelligence, education, and managed security services.The Corporation also monitors risks from third parties, such as service providers, through efforts like monitoring, information sharing, risk assessments, audits, contractual due diligence, and adherence to third-party security standards |
| Cybersecurity Risk Management Third Party Engaged [Flag] | true |
| Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] | true |
| Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] | false |
| Cybersecurity Risk Board of Directors Oversight [Text Block] | The Corporation’s Board of Directors, including the Audit Committee, oversees all risk management policies, procedures, and practices, including those related to cybersecurity. Senior management generally reports quarterly, or more frequently as necessary, to the Enterprise Risk Committee on technology risks, including those from cybersecurity threats. The Board’s Audit Committee and the Board of Directors receive these reports as part of their risk management oversight responsibilities. Board members have direct access to senior management and other relevant personnel and may direct questions and request further information as needed to fulfill their oversight responsibilities.
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| Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] | Audit Committee |
| Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] | Board’s Audit Committee and the Board of Directors receive these reports as part of their risk management oversight responsibilities. |
| Cybersecurity Risk Role of Management [Text Block] | The Corporation’s information technology risk management department consists of professionals with experience and expertise in cybersecurity, including specialists in identity and access management, cyber defense operations, security engineering, and information technology governance, risk, and compliance. This department is led by the Chief Information Officer (“CIO”), who has a bachelor of science in information technology and many certifications such as Certified Information Systems Security Professional, Certified Cloud Security Professional and Certified Information Privacy Professional, and the Information Security Officer (“ISO”), who has a bachelor of science in computer science and has over 19 years of experience in cybersecurity risk management. The ISO reports to the CIO, and the CIO reports directly to the President and Chief Executive Officer. Additionally, the Corporation engages third-party experts as needed to assess, manage, and respond to cybersecurity risks through various methods, including risk assessments, IT audits based on different frameworks, penetration and vulnerability testing, social engineering, incident response, threat intelligence, education, and managed security services. Senior management governs risk management and is informed about and monitors the prevention, detection, mitigation, and mediation of cybersecurity incidents. This is facilitated through working review committees, on which the ISO and/or CIO serve. These committees receive risk management reports appropriate to their scope of review, covering assessment results, risk ratings, and critical issues. They report significant matters to enterprise-wide risk committees, which oversee the broader scope of risk management for the enterprise. Through these efforts, senior management makes decisions and sets priorities for allocating resources to address risk management issues. |
| Cybersecurity Risk Management Positions or Committees Responsible [Flag] | true |
| Cybersecurity Risk Management Positions or Committees Responsible [Text Block] | the Information Security Officer (“ISO”) |
| Cybersecurity Risk Management Expertise of Management Responsible [Text Block] | The Corporation’s information technology risk management department consists of professionals with experience and expertise in cybersecurity, including specialists in identity and access management, cyber defense operations, security engineering, and information technology governance, risk, and compliance. This department is led by the Chief Information Officer (“CIO”), who has a bachelor of science in information technology and many certifications such as Certified Information Systems Security Professional, Certified Cloud Security Professional and Certified Information Privacy Professional, and the Information Security Officer (“ISO”), who has a bachelor of science in computer science and has over 19 years of experience in cybersecurity risk management. |
| Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] | Senior management governs risk management and is informed about and monitors the prevention, detection, mitigation, and mediation of cybersecurity incidents. This is facilitated through working review committees, on which the ISO and/or CIO serve. These committees receive risk management reports appropriate to their scope of review, covering assessment results, risk ratings, and critical issues. They report significant matters to enterprise-wide risk committees, which oversee the broader scope of risk management for the enterprise. Through these efforts, senior management makes decisions and sets priorities for allocating resources to address risk management issues. |
| Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] | true |
Organization and Summary of Significant Accounting Policies (Policies) |
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Jun. 30, 2025 | ||||||||||||||||
| Organization and Summary of Significant Accounting Policies | ||||||||||||||||
| Basis of presentation | Basis of presentation The consolidated financial statements include the accounts of Provident Financial Holdings, Inc., and its wholly owned subsidiary, Provident Savings Bank, F.S.B. (collectively, the “Corporation”). All inter-company balances and transactions have been eliminated. Provident Savings Bank, F.S.B. (the “Bank”) converted from a federally chartered mutual savings bank to a federally chartered stock savings bank effective, June 27, 1996. Provident Financial Holdings, Inc., a Delaware corporation organized by the Bank, acquired all of the capital stock of the Bank issued in the conversion; the transaction was recorded on a book value basis. The Corporation has determined that it operates in one business segment through the Bank. The Bank's activities include attracting deposits, offering banking services and originating and purchasing single-family, multi-family, commercial real estate, construction and other mortgage loans and, to a lesser extent, commercial business and consumer loans held for investment. Deposits are collected primarily from 13 banking locations located in Riverside and San Bernardino counties in California. Additional activities may include originating saleable single-family loans, primarily fixed-rate first mortgages. Loans are primarily originated and purchased in California. |
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| Use of estimates | Use of estimates The accounting and reporting policies of the Corporation conform to generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, the valuation of investment securities, deferred tax assets (liabilities), and deferred compensation costs. The following accounting policies, together with those disclosed elsewhere in the consolidated financial statements, represent the significant accounting policies of Provident Financial Holdings, Inc. and the Bank. |
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| Cash and cash equivalents | Cash and cash equivalents Cash and cash equivalents include cash on hand and due from banks, as well as overnight deposits placed at the FRB – San Francisco and correspondent banks. |
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| Investment securities | Investment securities The Corporation classifies its qualifying investments as available for sale or held to maturity. The Corporation classifies investments as held to maturity when it has the ability and it is management’s positive intent to hold such securities to maturity. Securities held to maturity are carried at amortized historical cost. All other securities are classified as available for sale and carried at fair value. Fair value generally is determined based upon quoted market prices. Changes in net unrealized gains or losses on debt securities available for sale are included in accumulated other comprehensive income, net of tax. Gains and losses on sale or dispositions of investment securities are included in non-interest income and are determined using the specific identification method. Purchase premiums and discounts are amortized over the expected average life of the securities using the effective interest method. The Corporation evaluates individual investment securities quarterly for impairment based on Accounting Standards Codification (“ASC”) 326, “Financial Instruments – Credit Losses.” As a part of the Corporation’s monthly risk assessment, the Corporation runs 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 security before the recovery of its amortized cost basis. 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 costs 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 costs. |
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| Loans held for investment | Loans held for investment Loans held for investment primarily consist of long-term, fixed- and adjustable-rate loans secured by single-family residences, as well as multi-family and commercial real estate loans secured by multi-family and commercial properties, and loans secured by land and other residential properties. The Corporation intends to hold these loans for the foreseeable future. They are generally offered to customers and businesses located in California. Net loan origination fees and certain direct origination expenses are deferred and amortized to interest income over the contractual life of the loan using the effective interest method. Amortization is discontinued for non-performing loans. Interest receivable primarily represents the current month’s interest, which will be included as a part of the borrower’s next monthly loan payment. Interest receivable is accrued only if deemed collectible. 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. When a loan is placed on non-performing status, interest accrued but not received is reversed against interest income. Interest income on non-performing loans is subsequently recognized only to the extent that cash is received and the principal balance is deemed collectible. If the principal balance is not deemed collectible, the entire payment received (principal and interest) is applied to the outstanding loan balance. Non-performing loans that become current as to both principal and interest are returned to accrual status after demonstrating satisfactory payment history (usually six consecutive months) and when future payments are expected to be collectible. |
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| Allowance for credit losses | Allowance for credit losses The allowance for credit losses involves significant judgment and assumptions by management, which has a material impact on the carrying value of financial assets. The Corporation adopted ASC 326 using the prospective transition approach for all financial assets measured at amortized cost and off-balance sheet credit exposures. |
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| Non-performing loans | Non-performing loans The Corporation assesses loans individually and classifies them as non-performing when the accrual of interest has been discontinued, loans have been modified to borrowers experiencing financial difficulties or management has serious doubts about the future collectability of principal and interest, even though the loans may currently be performing. Factors considered in determining classification include, but are not limited to, expected future cash flows, the financial condition of the borrower and current economic conditions. The Corporation measures each non-performing loan based on ASC 326, establishes a collectively evaluated or individually evaluated allowance, and charges off those loans or portions of loans deemed uncollectible. 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. |
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| Real estate owned | Real estate owned Real estate acquired through foreclosure is initially recorded at the fair value of the real estate acquired, less estimated selling costs. Subsequent to foreclosure, the Corporation charges current earnings for estimated losses if the carrying value of the property exceeds its fair value. Gains or losses on the sale of real estate are recognized upon disposition of the property. Costs relating to improvement, maintenance and repairs of the property are charged to operations as incurred. |
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| Impairment of long-lived assets | Impairment of long-lived assets The Corporation reviews its long-lived assets for impairment annually or when events or circumstances indicate that the carrying amount of these assets may not be recoverable. Long-lived assets include buildings, land, fixtures, furniture and equipment. An asset is considered impaired when the expected discounted cash flows over the remaining useful life are less than the net book value. When impairment is indicated for an asset, the amount of impairment loss is the excess of the net book value over its fair value. |
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| Premises and equipment | Premises and equipment Premises and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation is computed primarily on a straight-line basis over the estimated useful lives as follows:
Leasehold improvements are amortized over the lesser of their respective lease terms or the useful life of the improvement, which ranges from to 10 years. Maintenance and repair costs are charged to operations as incurred. |
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| Income taxes | Income taxes The Corporation accounts for income taxes in accordance with ASC 740, “Income Taxes.” ASC 740 requires the affirmative evaluation that it is more likely than not, based on the technical merits of a tax position, that an enterprise is entitled to economic benefits resulting from positions taken in income tax returns. If a tax position does not meet the more-likely-than-not recognition threshold, the benefit of that position is not recognized in the financial statements. ASC 740 requires that when determining the need for a valuation allowance against a deferred tax asset, management must assess both positive and negative evidence with regard to the realizability of the tax losses represented by that asset. To the extent available, if sources of taxable income are insufficient to absorb tax losses, a valuation allowance is necessary. Sources of taxable income for this analysis include prior years’ tax returns, the expected reversals of taxable temporary differences between book and tax income, prudent and feasible tax-planning strategies, and future taxable income. The deferred income tax asset related to the allowance for credit losses will be realized when actual charge-offs are made against the allowance. Based on the availability of loss carry-backs and projected taxable income during the periods for which loss carry-forwards are available, management believes it is more likely than not the Corporation will realize the deferred tax assets (liabilities). The Corporation continues to monitor the deferred tax assets or liabilities on a quarterly basis for a valuation allowance. The future realization of these tax benefits primarily hinges on adequate future earnings to utilize the tax benefit. Prospective earnings or losses, tax law changes or capital changes could prompt the Corporation to reevaluate the assumptions which may be used to establish a valuation allowance. As of June 30, 2025, the estimated net deferred tax liability was $832,000 and is included in accounts payable, accrued interest and other liabilities in the Consolidated Statements of Financial Condition; while, at June 30, 2024, the estimated net deferred tax asset was $606,000 and is included in prepaid expenses and other assets. The Corporation maintains the net deferred tax asset or liability for deductible temporary tax differences, such as loss reserves, deferred compensation, non-accrued interest and unrealized gains or losses, among other items. During the fiscal year ended June 30, 2025, the Corporation’s net deferred tax position changed from a net deferred tax asset to a net deferred tax liability. This change was primarily due to the reversal of deferred tax assets previously recognized in connection with accrued Supplemental Executive Retirement Plan obligations, which were settled during the year, and the recognition of deferred tax liabilities associated with unrealized gains on other equity investments, which are recorded through net income and result in taxable temporary differences. The Corporation did not have any liabilities for uncertain tax positions or any known unrecognized tax benefit at June 30, 2025 or 2024. |
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| Bank owned life insurance ("BOLI") | Bank owned life insurance ("BOLI") ASC 715-60-35, "Accounting for Deferred Compensation and Post-retirement Benefit Aspects of Endorsement Split-Dollar Life Insurance Arrangements," requires an employer to recognize obligations associated with endorsement split-dollar life insurance arrangements that extend into the participant’s post-employment benefit cost for the continuing life insurance or based on the future death benefit depending on the contractual terms of the underlying agreement. The Corporation adopted ASC 715-60-35 using the latter option, i.e., based on the future death benefit. The Bank purchases BOLI policies on the lives of certain executive officers while they are employed by the Bank and is the owner and beneficiary of the policies. The Bank invests in BOLI to provide an efficient form of funding for long-term retirement and other employee benefits costs. The Bank records these BOLI policies within prepaid expenses and other assets in the Consolidated Statements of Financial Condition at each policy’s respective cash surrender value, with net changes recorded in other non-interest income in the Consolidated Statements of Operations. |
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| Cash dividend and Stock repurchases | Cash dividend A declaration or payment of dividends is at the discretion of the Corporation’s Board of Directors, who take into account the Corporation’s financial condition, results of operations, tax considerations, capital requirements, industry standards, economic conditions and other factors, including the regulatory restrictions which affect the payment of dividends by the Bank to the Corporation. Under Delaware law, dividends may be paid either out of surplus or, if there is no surplus, out of net profits for the current fiscal year and/or the preceding fiscal year in which the dividend is declared. For additional information, see Note 19 of the Notes to Consolidated Financial Statements regarding the subsequent event related to the cash dividend. Stock repurchases The Corporation repurchased 285,170 shares of its common stock at an average cost of $15.04 per share during fiscal 2025 pursuant to its publicly announced stock repurchase plans. As of June 30, 2025, 217,028 shares, or 65% of the shares authorized for repurchase, remained available under the Corporation’s existing repurchase plan, which is set to expire on January 23, 2026. |
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| Earnings per common share ("EPS") | Earnings per common share (“EPS”) Basic EPS represents net income divided by the weighted average common shares outstanding during the period excluding any potential dilutive effects. Diluted EPS gives effect to any potential issuance of common stock that would have caused basic EPS to be lower as if the issuance had already occurred. Accordingly, diluted EPS reflects an increase in the weighted average shares outstanding as a result of the assumed exercise of stock options and the vesting of restricted stock. The computation of diluted EPS does not assume exercise of stock options and vesting of restricted stock that would have an anti-dilutive effect on EPS. |
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| Stock-based compensation | Stock-based compensation ASC 718, “Compensation – Stock Compensation,” requires companies to recognize in the Consolidated Statements of Operations the grant-date fair value of stock options and other equity-based compensation issued to employees and directors. Stock-based compensation, inclusive of restricted stock expense, recognized in the Consolidated Statements of Operations for the fiscal years ended June 30, 2025 and 2024 was $543,000 and $240,000, respectively. |
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| Employee Stock Ownership Plan ("ESOP") | Employee Stock Ownership Plan ("ESOP") The Corporation recognizes compensation expense when the Bank contributes funds to the ESOP for the purchase of the Corporation’s common stock to be allocated to the ESOP participants. Since the contributions are discretionary, the benefits payable under the ESOP cannot be estimated. |
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| Restricted stock | Restricted stock The Corporation recognizes compensation expense over the vesting period of the shares awarded, equal to the fair value of the shares at the award date. A total of $472,000 and $203,000 of restricted stock expense was amortized during fiscal 2025 and 2024, respectively. |
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| Post-retirement benefits | Post-retirement benefits The estimated obligation for post-retirement health care and life insurance benefits is determined based on an actuarial computation of the cost of current and future benefits for the eligible (grandfathered) retirees and employees. The post retirement benefit liability is included in accounts payable, accrued interest and other liabilities in the Consolidated Statements of Financial Condition. Effective July 1, 2003, the Corporation discontinued the post-retirement health care and life insurance benefits to any employee not previously qualified (grandfathered) for these benefits, unless included within an employment agreement. At June 30, 2025 and 2024, the accrued liability for post-retirement benefits was $741,000 and $450,000, respectively. |
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| Comprehensive income | Comprehensive income Under ASC 220, “Comprehensive Income,” comprehensive income consists of net income and other comprehensive income, including unrealized gains or losses on available for sale securities and interest-only strips. Accumulated comprehensive income (loss) is reported as a separate component of the stockholders’ equity section of the Consolidated Statements of Financial Condition and Consolidated Statements of Stockholders’ Equity. |
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| Accounting Standard Updates ("ASU") | Accounting Standard Updates (“ASU”) ASU 2024-03: In November 2024, the Financial Accounting Standards Board (“FASB”) issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Topic 220): Disaggregation of Income Statement Expenses. 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) inventory purchases, (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. The ASU does not affect the presentation of expenses on the face of the income statement. Rather, it requires additional disaggregation of those captions into specified natural expense categories in the financial statement footnotes. 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. |
Organization and Summary of Significant Accounting Policies (Tables) |
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Jun. 30, 2025 | ||||||||||||||||
| Organization and Summary of Significant Accounting Policies | ||||||||||||||||
| Schedule of Estimated Useful Lives |
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Investment Securities (Tables) |
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| Schedule of available-for-sale securities reconciliation |
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| Schedule of investments with unrealized loss position |
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| Schedule of investments classified by contractual maturity |
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Loans Held for Investment (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans Held for Investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of loans held for investment |
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| Schedule of loans held for investment, contractual repricing |
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| Schedule of commercial real estate loans by property types and LTVs |
(1)Current loan balance as a percentage of the original appraised value.
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| Schedule of commercial real estate loans by geographic concentration |
(1)Inland Empire comprised of San Bernardino and Riverside counties. (2)Other than the Inland Empire.
(1)Inland Empire comprised of San Bernardino and Riverside counties. (2)Other than the Inland Empire.
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| Schedule of gross loans held for investment by loan types and risk category |
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| Schedule of allowance for loan losses and recorded investment |
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| Schedule of allowance for credit losses |
|
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| Schedule of recorded investment in non-performing loans |
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| Schedule of allowance for credit losses of undisbursed funds and commitments on loans held for investment |
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| Schedule of past due status of gross loans held for investment, net of fair value adjustments |
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Leases (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of supplemental information related to leases |
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| Schedule of remaining minimum contractual operating lease payments | The following table provides information related to remaining minimum contractual lease payments and other information associated with the Corporation’s leases as of June 30, 2025:
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| Schedule of remaining minimum contractual finance lease payments | The following table provides information related to remaining minimum contractual lease payments and other information associated with the Corporation’s leases as of June 30, 2025:
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Premises and Equipment (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Premises and Equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of premises and equipment |
|
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Deposits (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposits. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of deposits |
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| Schedule of aggregate annual maturities of time deposits |
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| Schedule of interest expense on deposits |
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Borrowings (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Borrowings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of borrowings |
|
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| Summary of Federal Home Loan Bank, Advances |
|
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| Schedule of Federal Home Loan Bank, Advances, Annual Contractual Maturities |
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Income Taxes (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Provision for Income Taxes |
|
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| Schedule of estimated combined federal and state statutory tax rates |
|
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| Schedule of Deferred Tax Assets and Liabilities |
|
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Capital (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations | The Bank’s actual and required minimum capital amounts and ratios at the dates indicated are as follows (dollars in thousands):
|
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Incentive Plans (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Incentive Plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of stock option activity | The following tables summarize the stock option activity in the Plans during the fiscal years ended June 30, 2025 and 2024.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Share-based Compensation, Unvested Restricted Stock Units Award Activity | The following table summarizes the restricted stock activity for the fiscal years ended June 30, 2025 and 2024.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of earnings per share, basic and diluted | The following tables provide the basic and diluted EPS computations for the fiscal years ended June 30, 2025 and 2024.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies. | |||||||||||||||||||||||||||||||||||||||||||||
| Schedule of the Corporation's lease and operating commitments |
|
||||||||||||||||||||||||||||||||||||||||||||
Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative and Other Financial Instruments with Off-Balance Sheet Risks | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of undisbursed funds commitments |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value of Financial Instruments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value of Financial Instruments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of aggregate fair value and aggregate unpaid principal balance of loans held for sale |
|
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| Schedule of fair value, assets and liabilities measured on recurring basis |
|
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| Schedule for reconciliation of recurring fair value measurements using level 3 inputs | The following tables provide a reconciliation of the beginning and ending balances during the periods shown of recurring fair value measurements recognized in the Consolidated Statements of Financial Condition using Level 3 inputs:
|
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| Schedule of fair value assets measured on nonrecurring basis | The following fair value hierarchy table presents information about the Corporation’s assets measured at fair value at the dates indicated on a nonrecurring basis:
|
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| 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, including derivative financial instruments, which are measured at fair value and categorized within Level 3 as of June 30, 2025:
|
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| Schedule of carrying amount and fair value of financial instruments | The carrying amount and fair value of the Corporation’s other financial instruments as of June 30, 2025 and 2024 were as follows:
|
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Revenue From Contracts With Customers (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue From Contracts With Customers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of non-interest income disaggregated by type of service |
|
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Segment Reporting (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of the financial performance measures that the CODM |
|
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Holding Company Condensed Financial Information (Tables) |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Holding Company Condensed Financial Information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of condensed statements of financial condition |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of condensed statements of operations |
|
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| Schedule of condensed statements of cash flows |
|
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Organization and Summary of Significant Accounting Policies - Basis of Presentation (Details) |
12 Months Ended |
|---|---|
|
Jun. 30, 2025
location
segment
| |
| Organization and Summary of Significant Accounting Policies | |
| Number of operating segments | segment | 1 |
| Number of banking locations | location | 13 |
Organization and Summary of Significant Accounting Policies - Premises and Equipment (Details) |
Jun. 30, 2025 |
|---|---|
| Buildings | Minimum | |
| Premises and Equipment | |
| Premises and equipment, useful life | 10 years |
| Buildings | Maximum | |
| Premises and Equipment | |
| Premises and equipment, useful life | 40 years |
| Furniture and fixtures | Minimum | |
| Premises and Equipment | |
| Premises and equipment, useful life | 3 years |
| Furniture and fixtures | Maximum | |
| Premises and Equipment | |
| Premises and equipment, useful life | 10 years |
| Automobiles | Minimum | |
| Premises and Equipment | |
| Premises and equipment, useful life | 3 years |
| Automobiles | Maximum | |
| Premises and Equipment | |
| Premises and equipment, useful life | 5 years |
| Computer equipment | Minimum | |
| Premises and Equipment | |
| Premises and equipment, useful life | 3 years |
| Computer equipment | Maximum | |
| Premises and Equipment | |
| Premises and equipment, useful life | 5 years |
| Leasehold improvements | Minimum | |
| Premises and Equipment | |
| Premises and equipment, useful life | 1 year |
| Leasehold improvements | Maximum | |
| Premises and Equipment | |
| Premises and equipment, useful life | 10 years |
Organization and Summary of Significant Accounting Policies - Income Taxes (Details) - USD ($) |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Organization and Summary of Significant Accounting Policies | ||
| Net deferred tax liabilities | $ (832,000) | |
| Estimated deferred tax asset | $ 606,000 | |
| Unrecognized tax benefits | $ 0 | $ 0 |
Organization and Summary of Significant Accounting Policies - Stock Repurchases (Details) - September 2023 Stock Repurchase Plan |
12 Months Ended |
|---|---|
|
Jun. 30, 2025
$ / shares
shares
| |
| Class of Stock | |
| Number of shares repurchased | 285,170 |
| Shares repurchased weighted average cost per share | $ / shares | $ 15.04 |
| Shares authorized for repurchase remaining available to purchase under the plan | 217,028 |
| Percentage of authorized stock | 65.00% |
Organization and Summary of Significant Accounting Policies - Stock-based Compensation (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Organization and Summary of Significant Accounting Policies | ||
| Compensation cost | $ 543,000 | $ 240,000 |
Organization and Summary of Significant Accounting Policies - Restricted Stock (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Organization and Summary of Significant Accounting Policies | ||
| Restricted stock expense | $ 472,000 | $ 203,000 |
Organization and Summary of Significant Accounting Policies - Post Retirement Benefits (Details) - USD ($) |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Organization and Summary of Significant Accounting Policies | ||
| Accrued liability, post retirement benefits | $ 741,000 | $ 450,000 |
Investment Securities - Schedule of amortized cost and estimated fair value of Held to maturity investments (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|||||||
|---|---|---|---|---|---|---|---|---|---|
| Held to maturity | |||||||||
| Amortized Cost | $ 109,399 | $ 130,051 | |||||||
| Gross Unrealized Gains | 141 | 76 | |||||||
| Gross Unrealized (Losses) | (10,414) | (15,734) | |||||||
| Estimated Fair Value | 99,126 | 114,393 | |||||||
| Carrying Value | 109,399 | 130,051 | |||||||
| U.S. government sponsored enterprise MBS | |||||||||
| Held to maturity | |||||||||
| Amortized Cost | 104,549 | [1] | 125,883 | ||||||
| Gross Unrealized Gains | 127 | [1] | 76 | ||||||
| Gross Unrealized (Losses) | (10,305) | [1] | (15,481) | ||||||
| Estimated Fair Value | 94,371 | [1] | 110,478 | ||||||
| Carrying Value | 104,549 | [1] | 125,883 | ||||||
| U.S. government sponsored enterprise CMO | |||||||||
| Held to maturity | |||||||||
| Amortized Cost | 4,525 | [2] | 3,713 | ||||||
| Gross Unrealized Gains | 14 | [2] | 0 | ||||||
| Gross Unrealized (Losses) | (108) | [2] | (253) | ||||||
| Estimated Fair Value | 4,431 | [2] | 3,460 | ||||||
| Carrying Value | 4,525 | [2] | 3,713 | ||||||
| U.S. SBA securities | |||||||||
| Held to maturity | |||||||||
| Amortized Cost | 325 | [3] | 455 | ||||||
| Gross Unrealized Gains | 0 | [3] | 0 | ||||||
| Gross Unrealized (Losses) | (1) | [3] | 0 | ||||||
| Estimated Fair Value | 324 | [3] | 455 | ||||||
| Carrying Value | $ 325 | [3] | $ 455 | ||||||
| |||||||||
Investment Securities - Schedule of amortized cost and estimated fair value of Available for sale securities (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|||||
|---|---|---|---|---|---|---|---|
| Available for sale | |||||||
| Amortized Cost | $ 1,587 | $ 1,861 | |||||
| Gross Unrealized Gains | 20 | 5 | |||||
| Gross Unrealized (Losses) | 0 | (17) | |||||
| Estimated Fair Value | 1,607 | 1,849 | |||||
| U.S. government agency MBS | |||||||
| Available for sale | |||||||
| Amortized Cost | 1,072 | [1] | 1,222 | ||||
| Gross Unrealized Gains | 10 | [1] | 0 | ||||
| Gross Unrealized (Losses) | 0 | [1] | (14) | ||||
| Estimated Fair Value | 1,082 | [1] | 1,208 | ||||
| U.S. government sponsored enterprise MBS | |||||||
| Available for sale | |||||||
| Amortized Cost | 436 | [1] | 548 | ||||
| Gross Unrealized Gains | 10 | [1] | 5 | ||||
| Gross Unrealized (Losses) | 0 | [1] | 0 | ||||
| Estimated Fair Value | 446 | [1] | 553 | ||||
| Private issue CMO | |||||||
| Available for sale | |||||||
| Amortized Cost | 79 | [2] | 91 | ||||
| Gross Unrealized Gains | 0 | [2] | 0 | ||||
| Gross Unrealized (Losses) | 0 | [2] | (3) | ||||
| Estimated Fair Value | $ 79 | [2] | $ 88 | ||||
| |||||||
Investment Securities - Total investment securities for amortized cost and estimated fair value (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Investment Securities | ||
| Amortized Cost | $ 110,986 | $ 131,912 |
| Gross Unrealized Gains | 161 | 81 |
| Gross Unrealized (Losses) | (10,414) | (15,751) |
| Estimated Fair Value | 100,733 | 116,242 |
| Carrying Value | $ 111,006 | $ 131,900 |
Investment Securities - Investments with Unrealized Loss Positions for Held to maturity (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Schedule of Held-to-Maturity Securities [Line Items] | ||
| Unrealized Holding Losses Less Than 12 Months, Fair Value | $ 324 | $ 455 |
| Unrealized Holding Losses Less Than 12 Months, Accumulated Loss | 1 | |
| Unrealized Holding Losses 12 Months or More, Fair Value | 93,457 | 108,990 |
| Unrealized Holding Losses 12 Months or More, Unrealized Losses | 10,413 | 15,734 |
| Unrealized Holding Losses Total, Fair Value | 93,781 | 109,445 |
| Unrealized Holding Losses Total, Unrealized Losses | 10,414 | 15,734 |
| 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 | 90,022 | 105,530 |
| Unrealized Holding Losses 12 Months or More, Unrealized Losses | 10,305 | 15,481 |
| Unrealized Holding Losses Total, Fair Value | 90,022 | 105,530 |
| Unrealized Holding Losses Total, Unrealized Losses | 10,305 | 15,481 |
| U.S. government sponsored enterprise CMO | ||
| 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 | 3,435 | 3,460 |
| Unrealized Holding Losses 12 Months or More, Unrealized Losses | 108 | 253 |
| Unrealized Holding Losses Total, Fair Value | 3,435 | 3,460 |
| Unrealized Holding Losses Total, Unrealized Losses | 108 | 253 |
| U.S. SBA securities | ||
| Schedule of Held-to-Maturity Securities [Line Items] | ||
| Unrealized Holding Losses Less Than 12 Months, Fair Value | 324 | 455 |
| Unrealized Holding Losses Less Than 12 Months, Accumulated Loss | 1 | |
| Unrealized Holding Losses 12 Months or More, Fair Value | 0 | 0 |
| Unrealized Holding Losses 12 Months or More, Unrealized Losses | 0 | 0 |
| Unrealized Holding Losses Total, Fair Value | 324 | $ 455 |
| Unrealized Holding Losses Total, Unrealized Losses | $ 1 |
Investment Securities - Investments with Unrealized Loss Positions for Available for sale (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Schedule of Available-for-sale Securities [Line Items] | ||
| Unrealized Holding Losses, Less Than 12 Months, Fair Value | $ 37 | $ 91 |
| Unrealized Holding Losses, Less Than 12 Months, Unrealized Losses | 0 | |
| Unrealized Holding Losses, 12 Months or More, Fair Value | 30 | 1,213 |
| Unrealized Holding Losses, 12 Months or More, Unrealized Losses | 0 | 17 |
| Unrealized Holding Losses Total, Fair Value | 67 | 1,304 |
| Unrealized Holding Losses Total, Unrealized Losses | 17 | |
| U.S. government agency MBS | ||
| Schedule of Available-for-sale Securities [Line Items] | ||
| Unrealized Holding Losses, Less Than 12 Months, Fair Value | 37 | 91 |
| Unrealized Holding Losses, Less Than 12 Months, Unrealized Losses | 0 | |
| Unrealized Holding Losses, 12 Months or More, Fair Value | 13 | 1,117 |
| Unrealized Holding Losses, 12 Months or More, Unrealized Losses | 0 | 14 |
| Unrealized Holding Losses Total, Fair Value | 50 | 1,208 |
| Unrealized Holding Losses Total, Unrealized Losses | 14 | |
| U.S. government sponsored enterprise MBS | ||
| Schedule of Available-for-sale Securities [Line Items] | ||
| Unrealized Holding Losses, 12 Months or More, Fair Value | 8 | |
| Unrealized Holding Losses, 12 Months or More, Unrealized Losses | 0 | |
| Unrealized Holding Losses Total, Fair Value | 8 | |
| Private issue CMO | ||
| Schedule of Available-for-sale Securities [Line Items] | ||
| Unrealized Holding Losses, Less Than 12 Months, Fair Value | 0 | |
| Unrealized Holding Losses, Less Than 12 Months, Unrealized Losses | 0 | |
| Unrealized Holding Losses, 12 Months or More, Fair Value | 17 | 88 |
| Unrealized Holding Losses, 12 Months or More, Unrealized Losses | 0 | 3 |
| Unrealized Holding Losses Total, Fair Value | $ 17 | 88 |
| Unrealized Holding Losses Total, Unrealized Losses | $ 3 |
Investment Securities - Investments with Unrealized Loss Positions for total investment securities (Details) - USD ($) |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Investment Securities | ||
| Unrealized Holding Losses Less Than 12 Months, Fair Value | $ 361,000 | $ 546,000 |
| Unrealized Holding Losses Less Than 12 Months, Unrealized Losses | 1,000 | |
| Unrealized Holding Losses 12 Months or More, Fair Value | 93,487,000 | 110,203,000 |
| Unrealized Holding Losses 12 Months or More, Unrealized Losses | 10,413,000 | 15,751,000 |
| Unrealized Holding Losses Total, Fair Value | 93,848,000 | 110,749,000 |
| Unrealized Holding Losses Total, Unrealized Losses | $ 10,414,000 | $ 15,751,000 |
Investment Securities - Borrowings (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Short-Term Debt [Line Items] | ||
| Loans held for investment | $ 1,045,745 | $ 1,052,979 |
| Investment securities - held to maturity | 109,399 | 130,051 |
| Loans held for investment fair value | 1,000 | 1,000 |
| Total available borrowing capacity across all sources | 474,800 | 519,900 |
| Pledged as Collateral | Pledged to FRB | ||
| Short-Term Debt [Line Items] | ||
| Loans held for investment | 227,000 | 178,600 |
| Investment securities - held to maturity | 24,800 | 126,600 |
| Loans held for investment, current | 227,000 | 178,600 |
| Pledged as Collateral | Pledged to FHLB | ||
| Short-Term Debt [Line Items] | ||
| Investment securities - held to maturity | 4,700 | 3,900 |
| Pledged to FHLB | ||
| Short-Term Debt [Line Items] | ||
| Federal Home Loan Bank advances, unused borrowing facility | 282,300 | 261,300 |
| Pledged to FRB | Discount window facility | ||
| Short-Term Debt [Line Items] | ||
| Line of Credit Facility, Maximum Borrowing Capacity | 142,500 | 208,600 |
| Advances outstanding | 0 | 0 |
| Federal funds facility | ||
| Short-Term Debt [Line Items] | ||
| Line of Credit Facility, Maximum Borrowing Capacity | $ 50,000 | $ 50,000 |
Investment Securities - Schedule of Available for Sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| 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 | 1,483 | 1,055 |
| Due after ten years | 104 | 806 |
| Total investment securities - available for sale, Amortized Cost | 1,587 | 1,861 |
| Amortized Cost | 110,986 | 131,912 |
| 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 | 1,501 | 1,053 |
| Due after ten years | 106 | 796 |
| Total investment securities - available for sale, Estimated Fair Value | 1,607 | 1,849 |
| Estimated Fair Value | $ 100,733 | $ 116,242 |
Investment Securities - Schedule of Held to maturity Securities by Contractual Maturity (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Held to maturity, Amortized Cost | ||
| Due in one year or less | $ 69 | $ 349 |
| Due after one through five years | 4,921 | 4,328 |
| Due after five through ten years | 40,773 | 49,331 |
| Due after ten years | 63,636 | 76,043 |
| Total investment securities - held to maturity, Amortized Cost | 109,399 | 130,051 |
| Held to maturity, Estimated Fair Value | ||
| Due in one year or less | 68 | 343 |
| Due after one through five years | 4,760 | 4,167 |
| Due after five through ten years | 38,224 | 44,830 |
| Due after ten years | 56,074 | 65,053 |
| Total investment securities - held to maturity, Estimated Fair Value | $ 99,126 | $ 114,393 |
Investment Securities - Additional Information (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Debt Securities, Available-for-Sale [Line Items] | ||
| Unrealized Holding Losses 12 Months or More, Unrealized Losses | $ 10,413,000 | $ 15,751,000 |
| Unrealized Holding Losses Less Than 12 Months, Unrealized Losses | 1,000 | |
| Payments to purchase investment securities | 981,000 | |
| Investment securities - held to maturity, allowance for credit losses | 0 | 0 |
| Available for sale securities realized loss | 0 | 0 |
| U.S. government sponsored enterprise MBS | ||
| Debt Securities, Available-for-Sale [Line Items] | ||
| Principal payments from investment securities held to maturity | 21,500,000 | 24,100,000 |
| Proceeds from sale of investment securities available for sale | $ 0 | $ 0 |
Loans Held for Investment - Schedule of Loans Held for Investment (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2023 |
|---|---|---|---|
| Loans Held for Investment | |||
| Total loans held for investment | $ 1,042,423 | $ 1,050,846 | |
| Advance payments of escrows | 293 | 102 | |
| Deferred loan costs, net | 9,453 | 9,096 | |
| ACL on loans | (6,424) | (7,065) | $ (5,946) |
| Total loans held for investment, net | 1,045,745 | 1,052,979 | |
| Mortgage loans | Single-family | |||
| Loans Held for Investment | |||
| Total loans held for investment | 544,425 | 518,091 | |
| ACL on loans | (5,734) | (6,295) | (1,720) |
| Mortgage loans | Multi-family | |||
| Loans Held for Investment | |||
| Total loans held for investment | 423,417 | 445,182 | |
| ACL on loans | (615) | (595) | (3,270) |
| Mortgage loans | Commercial real estate | |||
| Loans Held for Investment | |||
| Total loans held for investment | 72,766 | 83,349 | |
| ACL on loans | (55) | (66) | (868) |
| Mortgage loans | Construction | |||
| Loans Held for Investment | |||
| Total loans held for investment | 402 | 2,692 | |
| ACL on loans | (12) | (97) | (15) |
| Mortgage loans | Other | |||
| Loans Held for Investment | |||
| Total loans held for investment | 89 | 95 | |
| ACL on loans | (2) | (1) | (2) |
| Commercial business loans | |||
| Loans Held for Investment | |||
| Total loans held for investment | 1,267 | 1,372 | |
| ACL on loans | (6) | (11) | (67) |
| Consumer loans | |||
| Loans Held for Investment | |||
| Total loans held for investment | $ 57 | $ 65 | |
| ACL on loans | $ (4) |
Loans Held for Investment - Schedule of Loans Held for Investment Contractually Repricing (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Fixed Rate | $ 106,864 | |
| Total | 1,042,423 | $ 1,050,846 |
| Within One Year | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 291,718 | |
| After One Year Through 3 Years | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 228,456 | |
| After 3 Years Through 5 Years | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 213,506 | |
| After 5 Years Through 10 Years | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 201,879 | |
| Mortgage loans | Single-family | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Fixed Rate | 106,282 | |
| Total | 544,425 | 518,091 |
| Mortgage loans | Single-family | Within One Year | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 49,048 | |
| Mortgage loans | Single-family | After One Year Through 3 Years | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 63,562 | |
| Mortgage loans | Single-family | After 3 Years Through 5 Years | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 126,956 | |
| Mortgage loans | Single-family | After 5 Years Through 10 Years | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 198,577 | |
| Mortgage loans | Multi-family | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Fixed Rate | 92 | |
| Total | 423,417 | 445,182 |
| Mortgage loans | Multi-family | Within One Year | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 214,271 | |
| Mortgage loans | Multi-family | After One Year Through 3 Years | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 129,277 | |
| Mortgage loans | Multi-family | After 3 Years Through 5 Years | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 77,015 | |
| Mortgage loans | Multi-family | After 5 Years Through 10 Years | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 2,762 | |
| Mortgage loans | Commercial real estate | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Fixed Rate | 373 | |
| Total | 72,766 | 83,349 |
| Mortgage loans | Commercial real estate | Within One Year | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 26,897 | |
| Mortgage loans | Commercial real estate | After One Year Through 3 Years | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 35,421 | |
| Mortgage loans | Commercial real estate | After 3 Years Through 5 Years | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 9,535 | |
| Mortgage loans | Commercial real estate | After 5 Years Through 10 Years | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 540 | |
| Mortgage loans | Construction | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Total | 402 | 2,692 |
| Mortgage loans | Construction | Within One Year | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 206 | |
| Mortgage loans | Construction | After One Year Through 3 Years | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 196 | |
| Mortgage loans | Other | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Fixed Rate | 89 | |
| Total | 89 | 95 |
| Commercial business loans | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Fixed Rate | 28 | |
| Total | 1,267 | 1,372 |
| Commercial business loans | Within One Year | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | 1,239 | |
| Consumer loans | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Total | 57 | $ 65 |
| Consumer loans | Within One Year | ||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Loans receivable, Adjustable Rate | $ 57 |
Loans Held for Investment - Schedule of Commercial real estate loans by property types and LTV (Details) - USD ($) |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Loans Held for Investment | ||
| Total commercial real estate | $ 1,042,423,000 | $ 1,050,846,000 |
| Mortgage loans | Commercial real estate | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 72,766,000 | $ 83,349,000 |
| Percentage of Total commercial Real Estate | 100.00% | 100.00% |
| Weighted Average LTV | 37 | 37 |
| Mortgage loans | Commercial real estate | Office | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 25,561,000 | $ 26,774,000 |
| Percentage of Total commercial Real Estate | 35.00% | 32.00% |
| Weighted Average LTV | 41 | 43 |
| Mortgage loans | Commercial real estate | Mixed use | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 14,609,000 | $ 16,090,000 |
| Percentage of Total commercial Real Estate | 20.00% | 19.00% |
| Weighted Average LTV | 33 | 35 |
| Mortgage loans | Commercial real estate | Office/Retail | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 6,400,000 | $ 6,900,000 |
| Mortgage loans | Commercial real estate | Multi-family/Retail | ||
| Loans Held for Investment | ||
| Total commercial real estate | 5,300,000 | 4,700,000 |
| Mortgage loans | Commercial real estate | Other Mixed Use | ||
| Loans Held for Investment | ||
| Total commercial real estate | 1,600,000 | 3,000,000 |
| Mortgage loans | Commercial real estate | Multi-family/Commercial | ||
| Loans Held for Investment | ||
| Total commercial real estate | 739,000 | 754,000 |
| Mortgage loans | Commercial real estate | Multi-family/Office | ||
| Loans Held for Investment | ||
| Total commercial real estate | 559,000 | 685,000 |
| Mortgage loans | Commercial real estate | Retail | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 8,001,000 | $ 12,501,000 |
| Percentage of Total commercial Real Estate | 11.00% | 15.00% |
| Weighted Average LTV | 31 | 30 |
| Mortgage loans | Commercial real estate | Warehouse | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 9,201,000 | $ 11,924,000 |
| Percentage of Total commercial Real Estate | 13.00% | 14.00% |
| Weighted Average LTV | 30 | 31 |
| Mortgage loans | Commercial real estate | Medical/dental office | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 6,888,000 | $ 7,084,000 |
| Percentage of Total commercial Real Estate | 9.00% | 9.00% |
| Weighted Average LTV | 43 | 44 |
| Mortgage loans | Commercial real estate | Mobile home park | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 6,761,000 | $ 6,909,000 |
| Percentage of Total commercial Real Estate | 9.00% | 8.00% |
| Weighted Average LTV | 37 | 38 |
| Mortgage loans | Commercial real estate | Restaurant/Fast Food | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 1,174,000 | $ 1,190,000 |
| Percentage of Total commercial Real Estate | 2.00% | 2.00% |
| Weighted Average LTV | 46 | 46 |
| Mortgage loans | Commercial real estate | Automotive - non gasoline | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 571,000 | $ 578,000 |
| Percentage of Total commercial Real Estate | 1.00% | 1.00% |
| Weighted Average LTV | 26 | 26 |
| Mortgage loans | Commercial real estate | Live/work | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 299,000 | |
| Weighted Average LTV | 13 | |
| Mortgage loans | Owner Occupied Loan Balance | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 10,469,000 | $ 12,188,000 |
| Mortgage loans | Owner Occupied Loan Balance | Office | ||
| Loans Held for Investment | ||
| Total commercial real estate | 5,666,000 | 6,690,000 |
| Mortgage loans | Owner Occupied Loan Balance | Mixed use | ||
| Loans Held for Investment | ||
| Total commercial real estate | 279,000 | 293,000 |
| Mortgage loans | Owner Occupied Loan Balance | Warehouse | ||
| Loans Held for Investment | ||
| Total commercial real estate | 1,332,000 | 2,076,000 |
| Mortgage loans | Owner Occupied Loan Balance | Medical/dental office | ||
| Loans Held for Investment | ||
| Total commercial real estate | 2,511,000 | 2,439,000 |
| Mortgage loans | Owner Occupied Loan Balance | Restaurant/Fast Food | ||
| Loans Held for Investment | ||
| Total commercial real estate | 681,000 | 690,000 |
| Mortgage loans | Non Owner Occupied Loan Balance | ||
| Loans Held for Investment | ||
| Total commercial real estate | 62,297,000 | 71,161,000 |
| Mortgage loans | Non Owner Occupied Loan Balance | Office | ||
| Loans Held for Investment | ||
| Total commercial real estate | 19,895,000 | 20,084,000 |
| Mortgage loans | Non Owner Occupied Loan Balance | Mixed use | ||
| Loans Held for Investment | ||
| Total commercial real estate | 14,330,000 | 15,797,000 |
| Mortgage loans | Non Owner Occupied Loan Balance | Retail | ||
| Loans Held for Investment | ||
| Total commercial real estate | 8,001,000 | 12,501,000 |
| Mortgage loans | Non Owner Occupied Loan Balance | Warehouse | ||
| Loans Held for Investment | ||
| Total commercial real estate | 7,869,000 | 9,848,000 |
| Mortgage loans | Non Owner Occupied Loan Balance | Medical/dental office | ||
| Loans Held for Investment | ||
| Total commercial real estate | 4,377,000 | 4,645,000 |
| Mortgage loans | Non Owner Occupied Loan Balance | Mobile home park | ||
| Loans Held for Investment | ||
| Total commercial real estate | 6,761,000 | 6,909,000 |
| Mortgage loans | Non Owner Occupied Loan Balance | Restaurant/Fast Food | ||
| Loans Held for Investment | ||
| Total commercial real estate | 493,000 | 500,000 |
| Mortgage loans | Non Owner Occupied Loan Balance | Automotive - non gasoline | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 571,000 | 578,000 |
| Mortgage loans | Non Owner Occupied Loan Balance | Live/work | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 299,000 |
Loans Held for Investment - Schedule of commercial real estate loans by geographic concentration (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Loans Held for Investment | ||
| Total commercial real estate | $ 1,042,423 | $ 1,050,846 |
| Mortgage loans | Commercial real estate | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 72,766 | $ 83,349 |
| 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 | $ 13,744 | $ 13,583 |
| Percentage of commercial real estate loan | 19.00% | 16.00% |
| Mortgage loans | Commercial real estate | Southern California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 39,213 | $ 44,574 |
| Percentage of commercial real estate loan | 54.00% | 54.00% |
| Mortgage loans | Commercial real estate | Other California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 19,809 | $ 25,192 |
| Percentage of commercial real estate loan | 27.00% | 30.00% |
| Mortgage loans | Commercial real estate | Office | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 25,561 | $ 26,774 |
| Mortgage loans | Commercial real estate | Mixed use | ||
| Loans Held for Investment | ||
| Total commercial real estate | 14,609 | 16,090 |
| Mortgage loans | Commercial real estate | Retail | ||
| Loans Held for Investment | ||
| Total commercial real estate | 8,001 | 12,501 |
| Mortgage loans | Commercial real estate | Warehouse | ||
| Loans Held for Investment | ||
| Total commercial real estate | 9,201 | 11,924 |
| Mortgage loans | Commercial real estate | Medical/dental office | ||
| Loans Held for Investment | ||
| Total commercial real estate | 6,888 | 7,084 |
| Mortgage loans | Commercial real estate | Mobile home park | ||
| Loans Held for Investment | ||
| Total commercial real estate | 6,761 | 6,909 |
| Mortgage loans | Commercial real estate | Restaurant/Fast Food | ||
| Loans Held for Investment | ||
| Total commercial real estate | 1,174 | 1,190 |
| Mortgage loans | Commercial real estate | Automotive - non gasoline | ||
| Loans Held for Investment | ||
| Total commercial real estate | 571 | 578 |
| Mortgage loans | Commercial real estate | Live/work | ||
| Loans Held for Investment | ||
| Total commercial real estate | 299 | |
| Mortgage loans | Owner Occupied Loan Balance | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 10,469 | $ 12,188 |
| 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 | $ 901 | $ 1,816 |
| Percentage of commercial real estate loan | 9.00% | 15.00% |
| Mortgage loans | Owner Occupied Loan Balance | Southern California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 8,732 | $ 9,129 |
| Percentage of commercial real estate loan | 83.00% | 75.00% |
| Mortgage loans | Owner Occupied Loan Balance | Other California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 836 | $ 1,243 |
| Percentage of commercial real estate loan | 8.00% | 10.00% |
| Mortgage loans | Owner Occupied Loan Balance | Office | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 5,666 | $ 6,690 |
| 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 | $ 630 | $ 1,540 |
| Percentage of commercial real estate loan | 11.00% | 23.00% |
| Mortgage loans | Owner Occupied Loan Balance | Office | Southern California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 4,852 | $ 4,959 |
| Percentage of commercial real estate loan | 86.00% | 74.00% |
| Mortgage loans | Owner Occupied Loan Balance | Office | Other California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 184 | $ 191 |
| 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 | $ 279 | $ 293 |
| 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 | $ 279 | $ 293 |
| 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 | $ 1,332 | $ 2,076 |
| 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 | $ 959 | $ 1,689 |
| Percentage of commercial real estate loan | 72.00% | 81.00% |
| Mortgage loans | Owner Occupied Loan Balance | Warehouse | Other California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 373 | $ 387 |
| Percentage of commercial real estate loan | 28.00% | 19.00% |
| Mortgage loans | Owner Occupied Loan Balance | Medical/dental office | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 2,511 | $ 2,439 |
| 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 | $ 271 | $ 276 |
| 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 | $ 2,240 | $ 1,791 |
| Percentage of commercial real estate loan | 89.00% | 74.00% |
| Mortgage loans | Owner Occupied Loan Balance | Medical/dental office | Other California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 372 | |
| Percentage of commercial real estate loan | 15.00% | |
| Mortgage loans | Owner Occupied Loan Balance | Restaurant/Fast Food | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 681 | $ 690 |
| 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 | $ 681 | $ 690 |
| 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 | $ 62,297 | $ 71,161 |
| 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 | $ 12,843 | $ 11,767 |
| Percentage of commercial real estate loan | 21.00% | 16.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Southern California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 30,481 | $ 35,445 |
| Percentage of commercial real estate loan | 49.00% | 50.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Other California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 18,973 | $ 23,949 |
| Percentage of commercial real estate loan | 30.00% | 34.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Office | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 19,895 | $ 20,084 |
| 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 | $ 3,837 | $ 2,951 |
| Percentage of commercial real estate loan | 19.00% | 15.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Office | Southern California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 13,488 | $ 13,837 |
| Percentage of commercial real estate loan | 68.00% | 69.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Office | Other California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 2,570 | $ 3,296 |
| Percentage of commercial real estate loan | 13.00% | 16.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Mixed use | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 14,330 | $ 15,797 |
| 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 | $ 449 | $ 505 |
| Percentage of commercial real estate loan | 3.00% | 3.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Mixed use | Southern California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 6,297 | $ 6,243 |
| Percentage of commercial real estate loan | 44.00% | 40.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Mixed use | Other California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 7,584 | $ 9,049 |
| Percentage of commercial real estate loan | 53.00% | 57.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Retail | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 8,001 | $ 12,501 |
| 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 | $ 1,026 | $ 1,050 |
| Percentage of commercial real estate loan | 13.00% | 8.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Retail | Southern California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 3,296 | $ 6,996 |
| Percentage of commercial real estate loan | 41.00% | 56.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Retail | Other California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 3,679 | $ 4,455 |
| Percentage of commercial real estate loan | 46.00% | 36.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Warehouse | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 7,869 | $ 9,848 |
| 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 | $ 1,064 | $ 605 |
| Percentage of commercial real estate loan | 13.00% | 6.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Warehouse | Southern California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 3,992 | $ 4,774 |
| Percentage of commercial real estate loan | 51.00% | 49.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Warehouse | Other California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 2,813 | $ 4,469 |
| Percentage of commercial real estate loan | 36.00% | 45.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Medical/dental office | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 4,377 | $ 4,645 |
| 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 | $ 1,713 | $ 1,797 |
| Percentage of commercial real estate loan | 39.00% | 39.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Medical/dental office | Southern California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 1,993 | $ 2,159 |
| Percentage of commercial real estate loan | 46.00% | 46.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Medical/dental office | Other California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 671 | $ 689 |
| Percentage of commercial real estate loan | 15.00% | 15.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Mobile home park | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 6,761 | $ 6,909 |
| 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 | $ 4,754 | $ 4,859 |
| 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 | $ 351 | $ 358 |
| 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 | $ 1,656 | $ 1,692 |
| 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 | $ 493 | $ 500 |
| 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 | $ 493 | $ 500 |
| 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 | $ 571 | $ 578 |
| 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 | $ 571 | $ 578 |
| Percentage of commercial real estate loan | 100.00% | 100.00% |
| Mortgage loans | Non Owner Occupied Loan Balance | Live/work | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 299 | |
| Percentage of commercial real estate loan | 100.00% | |
| Mortgage loans | Non Owner Occupied Loan Balance | Live/work | Other California | ||
| Loans Held for Investment | ||
| Total commercial real estate | $ 299 | |
| Percentage of commercial real estate loan | 100.00% |
Loans Held for Investment - Schedule of Gross Loans Held for Investment by Loan Types and Risk Category (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Investment in loans by risk categories by year of origination | ||
| Year 1 | $ 55,159 | $ 35,227 |
| Year 2 | 82,598 | 103,571 |
| Year 3 | 91,947 | 306,108 |
| Year 4 | 290,746 | 240,496 |
| Year 5 | 229,194 | 86,089 |
| Prior | 291,467 | 278,060 |
| Revolving Loans | 1,312 | 1,295 |
| Total | 1,042,423 | 1,050,846 |
| Mortgage loans | Single-family | ||
| Investment in loans by risk categories by year of origination | ||
| Year 1 | 39,385 | 19,476 |
| Year 2 | 55,276 | 60,688 |
| Year 3 | 52,083 | 205,817 |
| Year 4 | 194,501 | 149,084 |
| Year 5 | 141,614 | 19,606 |
| Prior | 61,561 | 63,406 |
| Revolving Loans | 5 | 14 |
| Total | 544,425 | 518,091 |
| Mortgage loans | Single-family | Pass | ||
| Investment in loans by risk categories by year of origination | ||
| Year 1 | 39,385 | 19,476 |
| Year 2 | 55,276 | 60,688 |
| Year 3 | 52,083 | 205,817 |
| Year 4 | 194,501 | 149,084 |
| Year 5 | 141,614 | 19,606 |
| Prior | 60,282 | 59,702 |
| Revolving Loans | 5 | 14 |
| Total | 543,146 | 514,387 |
| Mortgage loans | Single-family | Special Mention | ||
| Investment in loans by risk categories by year of origination | ||
| Prior | 62 | 1,111 |
| Total | 62 | 1,111 |
| Mortgage loans | Single-family | Substandard | ||
| Investment in loans by risk categories by year of origination | ||
| Prior | 1,217 | 2,593 |
| Total | 1,217 | 2,593 |
| Mortgage loans | Multi-family | ||
| Investment in loans by risk categories by year of origination | ||
| Year 1 | 13,412 | 10,374 |
| Year 2 | 21,687 | 28,892 |
| Year 3 | 27,255 | 75,876 |
| Year 4 | 73,495 | 87,394 |
| Year 5 | 83,691 | 60,938 |
| Prior | 203,877 | 181,708 |
| Total | 423,417 | 445,182 |
| Mortgage loans | Multi-family | Pass | ||
| Investment in loans by risk categories by year of origination | ||
| Year 1 | 13,412 | 10,374 |
| Year 2 | 21,687 | 28,892 |
| Year 3 | 27,255 | 75,876 |
| Year 4 | 73,495 | 86,916 |
| Year 5 | 83,224 | 60,938 |
| Prior | 201,660 | 180,119 |
| Total | 420,733 | 443,115 |
| Mortgage loans | Multi-family | Substandard | ||
| Investment in loans by risk categories by year of origination | ||
| Year 4 | 478 | |
| Year 5 | 467 | |
| Prior | 2,217 | 1,589 |
| Total | 2,684 | 2,067 |
| Mortgage loans | Commercial real estate | ||
| Investment in loans by risk categories by year of origination | ||
| Year 1 | 2,149 | 3,874 |
| Year 2 | 5,429 | 13,763 |
| Year 3 | 12,609 | 23,298 |
| Year 4 | 22,750 | 4,018 |
| Year 5 | 3,889 | 5,450 |
| Prior | 25,940 | 32,946 |
| Total | 72,766 | 83,349 |
| Mortgage loans | Commercial real estate | Pass | ||
| Investment in loans by risk categories by year of origination | ||
| Year 1 | 2,149 | 3,874 |
| Year 2 | 5,429 | 13,763 |
| Year 3 | 12,609 | 23,298 |
| Year 4 | 22,750 | 4,018 |
| Year 5 | 3,889 | 5,450 |
| Prior | 24,936 | 32,946 |
| Total | 71,762 | 83,349 |
| 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 | 196 | 1,480 |
| Year 2 | 206 | 228 |
| Year 3 | 984 | |
| Total | 402 | 2,692 |
| Mortgage loans | Construction | Pass | ||
| Investment in loans by risk categories by year of origination | ||
| Year 1 | 196 | 1,480 |
| Year 2 | 206 | 228 |
| Year 3 | 984 | |
| Total | 402 | 2,692 |
| Mortgage loans | Other | ||
| Investment in loans by risk categories by year of origination | ||
| Year 5 | 95 | |
| Prior | 89 | |
| Total | 89 | 95 |
| Mortgage loans | Other | Pass | ||
| Investment in loans by risk categories by year of origination | ||
| Year 5 | 95 | |
| Prior | 89 | |
| Total | 89 | 95 |
| Commercial business loans | ||
| Investment in loans by risk categories by year of origination | ||
| Year 3 | 133 | |
| Revolving Loans | 1,267 | 1,239 |
| Total | 1,267 | 1,372 |
| Commercial business loans | Pass | ||
| Investment in loans by risk categories by year of origination | ||
| Year 3 | 133 | |
| Revolving Loans | 1,267 | 1,239 |
| Total | 1,267 | 1,372 |
| Consumer loans | ||
| Investment in loans by risk categories by year of origination | ||
| Year 1 | 17 | 23 |
| Revolving Loans | 40 | 42 |
| Total | 57 | 65 |
| Consumer loans | Not graded | ||
| Investment in loans by risk categories by year of origination | ||
| Year 1 | 17 | 23 |
| Total | 17 | 23 |
| Consumer loans | Pass | ||
| Investment in loans by risk categories by year of origination | ||
| Revolving Loans | 40 | 42 |
| Total | $ 40 | $ 42 |
Loans Held for Investment - Schedule of Allowance For Credit Losses and Recorded Investment in Gross Loans, by Portfolio Type (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ 7,065 | $ 5,946 |
| (Recovery of) provision for credit losses | (641) | (78) |
| ACL, end of period | 6,424 | 7,065 |
| Allowance for credit losses: Individually evaluated for impairment | 37 | |
| Allowance for credit losses: Collectively evaluated for impairment | 6,424 | 7,028 |
| Loans held for investment: Individually evaluated for allowances | 836 | 1,134 |
| Loans held for investment: Collectively evaluated for allowances | 1,041,587 | 1,049,712 |
| Total loans held for investment | $ 1,042,423 | $ 1,050,846 |
| ACL on loans as a percentage of gross loans held for investment | 0.62% | 0.67% |
| ASC 326 | Impact of ASU adoption | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ 1,197 | |
| Mortgage loans | Single-family | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ 6,295 | 1,720 |
| (Recovery of) provision for credit losses | (561) | (30) |
| ACL, end of period | 5,734 | 6,295 |
| Allowance for credit losses: Individually evaluated for impairment | 37 | |
| Allowance for credit losses: Collectively evaluated for impairment | 5,734 | 6,258 |
| Loans held for investment: Individually evaluated for allowances | 369 | 1,134 |
| Loans held for investment: Collectively evaluated for allowances | 544,056 | 516,957 |
| Total loans held for investment | $ 544,425 | $ 518,091 |
| ACL on loans as a percentage of gross loans held for investment | 1.05% | 1.22% |
| Mortgage loans | Single-family | ASC 326 | Impact of ASU adoption | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ 4,605 | |
| Mortgage loans | Multi-family | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ 595 | 3,270 |
| (Recovery of) provision for credit losses | 20 | (61) |
| ACL, end of period | 615 | 595 |
| Allowance for credit losses: Collectively evaluated for impairment | 615 | 595 |
| Loans held for investment: Individually evaluated for allowances | 467 | |
| Loans held for investment: Collectively evaluated for allowances | 422,950 | 445,182 |
| Total loans held for investment | $ 423,417 | $ 445,182 |
| ACL on loans as a percentage of gross loans held for investment | 0.15% | 0.13% |
| Mortgage loans | Multi-family | ASC 326 | Impact of ASU adoption | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ (2,614) | |
| Mortgage loans | Commercial real estate | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ 66 | 868 |
| (Recovery of) provision for credit losses | (11) | (16) |
| ACL, end of period | 55 | 66 |
| Allowance for credit losses: Collectively evaluated for impairment | 55 | 66 |
| Loans held for investment: Collectively evaluated for allowances | 72,766 | 83,349 |
| Total loans held for investment | $ 72,766 | $ 83,349 |
| ACL on loans as a percentage of gross loans held for investment | 0.08% | 0.08% |
| Mortgage loans | Commercial real estate | ASC 326 | Impact of ASU adoption | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ (786) | |
| Mortgage loans | Construction | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ 97 | 15 |
| (Recovery of) provision for credit losses | (85) | 35 |
| ACL, end of period | 12 | 97 |
| Allowance for credit losses: Collectively evaluated for impairment | 12 | 97 |
| Loans held for investment: Collectively evaluated for allowances | 402 | 2,692 |
| Total loans held for investment | $ 402 | $ 2,692 |
| ACL on loans as a percentage of gross loans held for investment | 2.99% | 3.60% |
| Mortgage loans | Construction | ASC 326 | Impact of ASU adoption | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ 47 | |
| Mortgage loans | Other | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ 1 | 2 |
| (Recovery of) provision for credit losses | 1 | (4) |
| ACL, end of period | 2 | 1 |
| Allowance for credit losses: Collectively evaluated for impairment | 2 | 1 |
| Loans held for investment: Collectively evaluated for allowances | 89 | 95 |
| Total loans held for investment | $ 89 | $ 95 |
| ACL on loans as a percentage of gross loans held for investment | 2.25% | 1.05% |
| Mortgage loans | Other | ASC 326 | Impact of ASU adoption | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ 3 | |
| Commercial business loans | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ 11 | 67 |
| (Recovery of) provision for credit losses | (5) | (2) |
| ACL, end of period | 6 | 11 |
| Allowance for credit losses: Collectively evaluated for impairment | 6 | 11 |
| Loans held for investment: Collectively evaluated for allowances | 1,267 | 1,372 |
| Total loans held for investment | $ 1,267 | $ 1,372 |
| ACL on loans as a percentage of gross loans held for investment | 0.47% | 0.80% |
| Commercial business loans | ASC 326 | Impact of ASU adoption | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ (54) | |
| Consumer loans | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | 4 | |
| Loans held for investment: Collectively evaluated for allowances | $ 57 | 65 |
| Total loans held for investment | $ 57 | 65 |
| Consumer loans | ASC 326 | Impact of ASU adoption | ||
| Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward] | ||
| ACL, beginning of period | $ (4) | |
Loans Held for Investment - Schedule of Allowance for Credit Losses of Undisbursed Funds and Commitments on Loans Held for Investment (Details) - Commitments to extend credit on loans to be held for sale - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Allowance for Credit Losses [Roll Forward] | ||
| Balance, beginning of the period | $ 57 | $ 42 |
| (Recovery of) provision for credit losses | (25) | 15 |
| Balance, end of the period | $ 32 | $ 57 |
Loans Held for Investment - Schedule of Total Recorded Investment in Non-Performing Loans by Type (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Financing Receivable, Allowance for Credit Losses [Line Items] | ||
| Unpaid Principal Balance | $ 1,446 | $ 2,694 |
| Related Charge-Offs | (25) | (25) |
| Recorded Investment | 1,421 | 2,669 |
| Related Allowance | (7) | (73) |
| Recorded Investment, Net of Allowance | 1,414 | 2,596 |
| Average Recorded Investment | 2,094 | 2,071 |
| Total interest income recognized | 242 | 119 |
| Commercial real estate | ||
| Financing Receivable, Allowance for Credit Losses [Line Items] | ||
| Without related allowances, Average Recorded Investment | 149 | |
| Average Recorded Investment | 149 | |
| Interest income recognized without a related allowance | 36 | |
| Total interest income recognized | 36 | |
| Single-family | ||
| Financing Receivable, Allowance for Credit Losses [Line Items] | ||
| With a related allowance Unpaid Principal Balance | 560 | 2,267 |
| Without a related allowance, Unpaid Principal Balance | 420 | 427 |
| Unpaid Principal Balance | 980 | 2,694 |
| With No Related Allowance, Related Charge-Offs | (25) | (25) |
| Related Charge-Offs | (25) | (25) |
| With Related Allowance, Recorded Investment | 560 | 2,267 |
| With No Related Allowance, Recorded Investment | 395 | 402 |
| Recorded Investment | 955 | 2,669 |
| Related Allowance | (7) | (73) |
| Recorded Investment, with Related Allowance, Net | 553 | 2,194 |
| Recorded Investment, with No Related Allowance, Net | 395 | 402 |
| Recorded Investment, Net of Allowance | 948 | 2,596 |
| With related allowances, Average Recorded Investment | 1,158 | 1,627 |
| Without related allowances, Average Recorded Investment | 631 | 444 |
| Average Recorded Investment | 1,789 | 2,071 |
| Interest income recognized with a related allowance | 95 | 96 |
| Interest income recognized without a related allowance | 106 | 23 |
| Total interest income recognized | 201 | $ 119 |
| Multi-family | ||
| Financing Receivable, Allowance for Credit Losses [Line Items] | ||
| Without a related allowance, Unpaid Principal Balance | 466 | |
| Unpaid Principal Balance | 466 | |
| With No Related Allowance, Recorded Investment | 466 | |
| Recorded Investment | 466 | |
| Recorded Investment, with No Related Allowance, Net | 466 | |
| Recorded Investment, Net of Allowance | 466 | |
| Without related allowances, Average Recorded Investment | 156 | |
| Average Recorded Investment | 156 | |
| Interest income recognized without a related allowance | 5 | |
| Total interest income recognized | $ 5 | |
Loans Held for Investment - Schedule of Past Due Status of Loans Held for Investment, Gross (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | $ 1,042,423 | $ 1,050,846 |
| Current | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 1,041,026 | 1,048,252 |
| 30 to 89 days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 2 | 1 |
| Non-Accrual | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 1,395 | 2,593 |
| Mortgage loans | Single-family | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 544,425 | 518,091 |
| Mortgage loans | Single-family | Current | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 543,496 | 515,498 |
| Mortgage loans | Single-family | Non-Accrual | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 929 | 2,593 |
| Mortgage loans | Multi-family | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 423,417 | 445,182 |
| Mortgage loans | Multi-family | Current | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 422,951 | 445,182 |
| Mortgage loans | Multi-family | Non-Accrual | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 466 | |
| Mortgage loans | Commercial real estate | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 72,766 | 83,349 |
| Mortgage loans | Commercial real estate | Current | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 72,766 | 83,349 |
| Mortgage loans | Construction | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 402 | 2,692 |
| Mortgage loans | Construction | Current | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 402 | 2,692 |
| Mortgage loans | Other | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 89 | 95 |
| Mortgage loans | Other | Current | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 89 | 95 |
| Commercial business loans | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 1,267 | 1,372 |
| Commercial business loans | Current | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 1,267 | 1,372 |
| Consumer loans | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 57 | 65 |
| Consumer loans | Current | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | 55 | 64 |
| Consumer loans | 30 to 89 days | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Total loans held for investment | $ 2 | $ 1 |
Loans Held for Investment - Additional Information (Details) |
12 Months Ended | ||
|---|---|---|---|
|
Jun. 30, 2025
USD ($)
loan
|
Jun. 30, 2024
USD ($)
loan
|
Jun. 30, 2023
USD ($)
|
|
| Fixed-rate loans as a percentage of total loans held for investment | 10.00% | 10.00% | |
| Loans deemed uncollectible, period of delinquency | 90 days | 90 days | |
| Loan interest income added to negative amortization loan balance | $ 0 | ||
| Commitments to lend additional funds | $ 0 | $ 0 | |
| Number of Contracts | loan | 0 | 0 | |
| Average Recorded Investment | $ 2,094,000 | $ 2,071,000 | |
| Non-performing loans interest recognized as principal payments, cost basis | 0 | 0 | |
| Total interest income recognized | 242,000 | 119,000 | |
| Non-performing loans corporation received | 242,000 | ||
| Non-performing loans received | 119,000 | ||
| Increase (decrease) in related-party loans | 0 | 0 | |
| Outstanding related-party loans | $ 0 | 0 | |
| Impact of ASU adoption | ASC 326 | |||
| Transition adjustment of the adoption of CECL | $ 1,200,000 | ||
| First Trust Deed Loans | |||
| Loans deemed uncollectible, period of delinquency | 150 days | ||
| Single-family | |||
| Average Recorded Investment | $ 1,789,000 | 2,071,000 | |
| Total interest income recognized | $ 201,000 | $ 119,000 | |
| Bankruptcy | |||
| Loans deemed uncollectible, period of delinquency | 60 days | ||
| Troubled Debt Restructurings | |||
| Loans deemed uncollectible, period of delinquency | 90 days | ||
| Commercial Real Estate Or Second Mortgage | |||
| Loans deemed uncollectible, period of delinquency | 120 days | ||
| Maximum | |||
| Segregated restructured loans, period of delinquency | 90 days | ||
| Maximum | Bankruptcy | |||
| Allowance for loan losses, pooling method, period of delinquency | 60 days | ||
Leases - Supplemental information (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Leases | ||
| Lease expense | $ 774,000 | $ 927,000 |
| Operating Leases: | ||
| Premises and equipment - Operating lease right-of-use assets | 1,651,000 | 1,356,000 |
| Accounts payable, accrued interest and other liabilities - Operating lease liabilities | $ 1,682,000 | $ 1,407,000 |
| Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Property, Plant and Equipment, Net | Property, Plant and Equipment, Net |
| Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Accounts Payable and Accrued Liabilities | Accounts Payable and Accrued Liabilities |
| Finance Leases: | ||
| Premises and equipment at cost | $ 84,000 | |
| Accumulated amortization | (9,000) | |
| Premises and equipment - Finance lease right-of-use assets | $ 75,000 | |
| Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Property, Plant and Equipment, Net | |
| Borrowings - Finance lease liabilities | $ 73,000 | |
| Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Debt and Lease Obligation | |
| Operating lease expense: | ||
| Premises and occupancy expenses from operating leases | $ 685,000 | $ 789,000 |
| Equipment expenses from operating leases | 74,000 | 138,000 |
| Total operating lease expense | 759,000 | 927,000 |
| Finance lease expense: | ||
| Equipment expenses from finance leases | 13,000 | |
| Interest on finance lease liabilities | 2,000 | |
| Total finance lease expense | 15,000 | |
| Total lease expense | 774,000 | 927,000 |
| Condensed Consolidated Statements of Cash Flows: | ||
| Operating cash used for operating leases, net | 765,000 | 884,000 |
| Operating cash used for finance leases, net | 5,000 | |
| Financing cash used for finance leases, net | 11,000 | |
| Right-of-use assets obtained in exchange for lease obligations, Operating leases | 979,000 | $ 68,000 |
| Right-of-use assets obtained in exchange for lease obligations, Finance leases | $ 84,000 | |
Leases - Remaining minimum contractual lease payments and other information (Details) $ in Thousands |
Jun. 30, 2025
USD ($)
|
|---|---|
| Operating Leases | |
| 2026 | $ 695 |
| 2027 | 506 |
| 2028 | 436 |
| 2029 | 141 |
| 2030 | 11 |
| Total contract lease payments | 1,789 |
| Total liability to make lease payments | 1,682 |
| Difference in undiscounted and discounted future lease payments | $ 107 |
| Weighted average discount rate | 3.88% |
| Weighted average remaining lease term (years) | 2 years 10 months 24 days |
| Finance Leases | |
| 2026 | $ 30 |
| 2027 | 30 |
| 2028 | 17 |
| Total contract lease payments | 77 |
| Total liability to make lease payments | 73 |
| Difference in undiscounted and discounted future lease payments | $ 4 |
| Weighted average discount rate | 4.50% |
| Weighted average remaining lease term (years) | 2 years 7 months 6 days |
Premises and Equipment (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Premises and Equipment | ||
| Operating lease - right of use assets | $ 1,651 | $ 1,356 |
| Finance lease right of use assets | 75 | |
| Premises and equipment, gross | 24,084 | 24,017 |
| Less accumulated depreciation and amortization | (14,760) | (14,704) |
| Total premises and equipment, net | 9,324 | 9,313 |
| Depreciation and amortization expense | 1,600 | 1,600 |
| Land | ||
| Premises and Equipment | ||
| Premises and equipment, gross | 2,853 | 2,853 |
| Buildings | ||
| Premises and Equipment | ||
| Premises and equipment, gross | 10,182 | 10,136 |
| Leasehold improvements | ||
| Premises and Equipment | ||
| Premises and equipment, gross | 3,440 | 4,065 |
| Furniture and equipment | ||
| Premises and Equipment | ||
| Premises and equipment, gross | 5,715 | 5,458 |
| Automobiles | ||
| Premises and Equipment | ||
| Premises and equipment, gross | $ 168 | $ 149 |
Deposits - Summary of deposits (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Deposits | ||
| Checking deposits - noninterest-bearing | $ 83,566 | $ 95,627 |
| Checking deposits - interest-bearing | 240,597 | 254,624 |
| Savings deposits | 230,610 | 238,878 |
| Money market deposits | 21,703 | 25,324 |
| Total deposits | $ 888,772 | $ 888,348 |
| Weighted average interest rate on deposits | 1.34% | 1.29% |
| Uninsured deposits | $ 158,700 | $ 122,700 |
| Deposit collateral issued | 53,800 | 9,000 |
| $250 and under | ||
| Deposits | ||
| Time deposits | 221,475 | 226,110 |
| Brokered certificates of deposit | 131,000 | 131,800 |
| Over $250 | ||
| Deposits | ||
| Time deposits | $ 90,821 | $ 47,785 |
| Minimum | ||
| Deposits | ||
| Checking deposits - interest-bearing, Interest Rate | 0.00% | 0.00% |
| Savings deposits, Interest Rate | 0.00% | 0.00% |
| Money market deposits, Interest Rate | 0.00% | 0.00% |
| Minimum | $250 and under | ||
| Deposits | ||
| Time deposits, Interest Rate | 0.00% | 0.00% |
| Minimum | Over $250 | ||
| Deposits | ||
| Time deposits, Interest Rate | 0.12% | 0.10% |
| Maximum | ||
| Deposits | ||
| Checking deposits - interest-bearing, Interest Rate | 0.20% | 0.20% |
| Savings deposits, Interest Rate | 4.64% | 4.64% |
| Money market deposits, Interest Rate | 2.96% | 4.64% |
| Maximum | $250 and under | ||
| Deposits | ||
| Time deposits, Interest Rate | 5.15% | 5.35% |
| Maximum | Over $250 | ||
| Deposits | ||
| Time deposits, Interest Rate | 4.83% | 5.12% |
Deposits - Aggregate annual maturities of time deposits (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Deposits. | ||
| One year or less | $ 278,268 | $ 245,713 |
| Over one to two years | 25,264 | 19,604 |
| Over two to three years | 3,019 | 3,779 |
| Over three to four years | 2,058 | 1,896 |
| Over four to five years | 3,339 | 1,649 |
| Over five years | 348 | 1,254 |
| Total time deposits | $ 312,296 | $ 273,895 |
Deposits - Interest expense on deposits (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Deposits. | ||
| Checking deposits - interest-bearing | $ 105 | $ 118 |
| Savings deposits | 500 | 313 |
| Money market deposits | 85 | 172 |
| Time deposits | 10,536 | 9,063 |
| Total interest expense on deposits | $ 11,226 | $ 9,666 |
Deposits - Additional Information (Details) |
12 Months Ended | |
|---|---|---|
|
Jun. 30, 2025
USD ($)
|
Jun. 30, 2024
USD ($)
|
|
| Deposits | ||
| Related party deposits | $ 8,000,000 | $ 6,300,000 |
| Deposits reclassified to loans held for investment | $ 17,000 | $ 24,000 |
| Federal Reserve Bank of San Francisco | ||
| Deposits | ||
| Percentage of reserve ratios on transaction accounts maintained in depository institution | 0 | 0 |
| Minimum reserve | $ 0 | $ 0 |
Borrowings (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Collateral pledged on Federal Home Loan Bank advances | $ 734,400,000 | $ 861,100,000 |
| Borrowings - Finance lease liabilities | 73,000 | |
| Total borrowings | 213,073,000 | 238,500,000 |
| Loans held for investment | 1,045,745,000 | 1,052,979,000 |
| Investment securities - held to maturity, at cost with no allowance for credit losses | 109,399,000 | 130,051,000 |
| Purchase of FHLB - San Francisco stock | 63,000 | |
| Mortgage Loans on Real Estate | ||
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Collateral pledged on Federal Home Loan Bank advances | 734,400,000 | 774,100,000 |
| Federal Home Loan Bank Advances | ||
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Federal Home Loan Bank advances, unused borrowing facility | 282,300,000 | 261,300,000 |
| FHLB - San Francisco advances | 213,000,000 | 238,500,000 |
| Borrowings - Finance lease liabilities | 73,000 | |
| Federal funds facility | ||
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Federal Home Loan Bank advances, Maximum borrowing capacity | 50,000,000 | 50,000,000 |
| Federal Reserve Bank of San Francisco | Discount window facility | ||
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Federal Home Loan Bank advances, Maximum borrowing capacity | 142,500,000 | 208,600,000 |
| Advances outstanding | 0 | 0 |
| Federal Reserve Bank of San Francisco | Federal funds facility | ||
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Federal Home Loan Bank advances, Maximum borrowing capacity | 50,000,000 | 50,000,000 |
| Advances outstanding | 0 | 0 |
| Federal home loan - Bank of San Francisco | ||
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Federal Home Loan Bank advances, unused borrowing facility | 282,300,000 | 261,300,000 |
| FHLB - San Francisco advances | 213,000,000 | 238,500,000 |
| Federal Home Loan Bank advances, Maximum borrowing capacity | 504,100,000 | 516,000,000 |
| Federal Home Loan Bank stock, required investment | 9,600,000 | |
| Federal Home Loan Bank stock, excess investment | 0 | 0 |
| Federal Home Loan Bank stock, cash dividends distributed | 835,000 | 793,000 |
| Purchase of FHLB - San Francisco stock | 0 | 63,000 |
| Federal home loan - Bank of San Francisco | Letters of credit | ||
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Outstanding letters of credit | 8,500,000 | 16,000,000 |
| Federal home loan - Bank of San Francisco | MPF credit enhancement | ||
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Advances outstanding | $ 216,000 | $ 216,000 |
| Federal home loan - Bank of San Francisco | Maximum | ||
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Federal Home Loan Bank advances, limit on borrowing capacity (percent of total assets) | 40.00% | 40.00% |
| Federal Home Loan Bank Advances | Pledged as Collateral | ||
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Investment securities - held to maturity, at cost with no allowance for credit losses | $ 4,700,000 | $ 3,900,000 |
| Pledged to FRB | Pledged as Collateral | ||
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Loans held for investment | 227,000,000 | 178,600,000 |
| Investment securities - held to maturity, at cost with no allowance for credit losses | 24,800,000 | 126,600,000 |
| Loans held for investment, current | $ 227,000,000 | $ 178,600,000 |
Borrowings - Weighted Average Disclosures (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Borrowings - Finance lease liabilities | $ 73 | |
| Weighted-average rate at the end of year: Other borrowings on finance leases | 4.50% | |
| Federal Home Loan Bank Advances | ||
| Discount window facility is with FHLB and Federal Reserve Bank of San Francisco | ||
| Balance outstanding at the end of year: FHLB - San Francisco advances | $ 213,000 | $ 238,500 |
| Borrowings - Finance lease liabilities | $ 73 | |
| Weighted-average rate at the end of year: FHLB - San Francisco advances | 4.59% | 4.88% |
| Weighted-average rate at the end of year: Other borrowings on finance leases | 4.50% | |
| Maximum amount of borrowings outstanding at any month end: FHLB - San Francisco advances | $ 249,500 | $ 242,500 |
| Maximum amount of borrowings outstanding at any month end: Other borrowings on finance leases | 84 | |
| Average short-term borrowings during the year with respect to: FHLB - San Francisco advances | $ 121,888 | $ 127,506 |
| Weighted average short-term borrowing rate during the year with respect to: FHLB - San Francisco advances | 4.56% | 4.70% |
Borrowings - Contractual Maturities (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Borrowings | ||
| Within one year | $ 163,000 | $ 145,500 |
| Over one to two years | 35,000 | 68,000 |
| Over two to three years | 5,073 | 10,000 |
| Over three to four years | 10,000 | 5,000 |
| Over four to five years | 0 | 10,000 |
| Over five years | 0 | 0 |
| Total borrowings | $ 213,073 | $ 238,500 |
| Weighted average interest rate | 4.59% | 4.88% |
Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Current: | ||
| Federal | $ 709 | $ 2,161 |
| State | 479 | 1,278 |
| Provision for income taxes, current | 1,188 | 3,439 |
| Deferred: | ||
| Federal | 948 | (238) |
| State | 482 | (165) |
| Provision for income taxes, Deferred | 1,430 | (403) |
| Provision for income taxes | $ 2,618 | $ 3,036 |
Income Taxes - Effective tax rate (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Amount | ||
| Federal income tax at statutory rate | $ 1,863 | $ 2,181 |
| State income tax, net of federal income tax benefit | 759 | 880 |
| Bank-owned life insurance | (39) | (39) |
| Non-deductible expenses | 28 | 12 |
| Non-deductible stock-based compensation | 2 | |
| Shortfall on stock-based compensation | 1 | |
| Return to provision adjustment | 2 | (1) |
| Other | 2 | 3 |
| Provision for income taxes | $ 2,618 | $ 3,036 |
| Tax Rate | ||
| Federal income tax at statutory rate, | 21.00% | 21.00% |
| State income tax, net of federal income tax benefit | 8.55% | 8.48% |
| Bank-owned life insurance | (0.44%) | (0.38%) |
| Non-deductible expenses | 0.31% | 0.12% |
| Non-deductible stock-based compensation | (0.02%) | |
| Shortfall on stock-based compensation | 0.02% | |
| Return to provision adjustment | 0.03% | (0.01%) |
| Other | 0.02% | 0.02% |
| Effective income tax | 29.51% | 29.23% |
Income Taxes - Income Taxes (Deferred Tax Assets) (Details) - USD ($) |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Income Tax Disclosure [Line Items] | ||
| Total net deferred tax liabilities | $ (832,000) | |
| Total net deferred tax assets | $ 606,000 | |
| Federal | ||
| Income Tax Disclosure [Line Items] | ||
| Total net deferred tax liabilities | (551,000) | |
| Total net deferred tax assets | 404,000 | |
| State | ||
| Income Tax Disclosure [Line Items] | ||
| Total net deferred tax liabilities | $ (281,000) | |
| Total net deferred tax assets | $ 202,000 |
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Deferred Tax Assets [Abstract] | ||
| Loss reserves | $ 2,163,000 | $ 2,387,000 |
| Non-accrued interest | 146,000 | 175,000 |
| Deferred compensation | 1,520,000 | 2,388,000 |
| Accrued vacation | 197,000 | 187,000 |
| Depreciation | 239,000 | 174,000 |
| State tax | 179,000 | 203,000 |
| Unrealized loss on investment securities | 0 | 4,000 |
| Lease liability | 536,000 | 448,000 |
| Other | 258,000 | 208,000 |
| Total deferred tax assets | 5,238,000 | 6,174,000 |
| Deferred Tax Liabilities [Abstract] | ||
| FHLB - San Francisco stock dividends | (645,000) | (645,000) |
| Prepaid expenses | (66,000) | (39,000) |
| Unrealized gain on investment securities | (6,000) | 0 |
| Unrealized gain on interest-only strips | (2,000) | (3,000) |
| Unrealized gain on other equity investments | (232,000) | 0 |
| Right-of-use asset | (526,000) | (432,000) |
| Deferred loan costs, net | (4,593,000) | (4,449,000) |
| Total deferred tax liabilities | (6,070,000) | (5,568,000) |
| Net deferred tax liabilities | $ (832,000) | |
| Net deferred tax assets | $ 606,000 |
Income Taxes - Additional Information (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Operating Loss Carryforwards [Line Items] | ||
| Unrecognized Tax Benefits | $ 0 | $ 0 |
| Net tax loss carryforwards, federal | 0 | 0 |
| Retained earnings | 9,000,000 | 9,000,000 |
| Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Bad Debt Reserve for Tax Purposes of Qualified Lender | 3,100,000 | 3,100,000 |
| Income Tax Examination, Penalties Expense | 0 | 0 |
| Income Tax Examination, Interest Expense | 0 | 0 |
| Impact of ASU adoption | ASU 2016-09 | ||
| Operating Loss Carryforwards [Line Items] | ||
| Income tax (deficit) benefit recognized from non-qualified equity compensation | $ 2,000 | $ 0 |
Capital (Details) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
|
Jun. 30, 2025
USD ($)
|
Jun. 30, 2024
USD ($)
|
Jun. 30, 2023
USD ($)
|
|
| Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
| Percentage of conservation buffer for CET1 capital | 0.025 | 0.025 | |
| Percentage of conservation buffer for Tier 1 capital | 0.0250 | 0.0250 | |
| Percentage of conservation buffer for Total capital | 0.0250 | 0.0250 | |
| Cash dividends declared and paid | $ 9,000 | $ 7,000 | |
| Tier 1 Leverage Capital, Actual, Ratio | 0.1011 | 0.1002 | |
| Retained earnings | $ 212,403 | $ 209,914 | |
| Impact of ASU adoption | ASC 326 | |||
| Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
| Retained earnings | $ 824 | ||
| Provident Financial Holding | |||
| Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
| Tier 1 Leverage Capital, Actual, Amount | $ 125,198 | $ 126,601 | |
| Tier 1 Leverage Capital, Actual, Ratio | 0.1011 | 0.1002 | |
| Tier 1 Leverage Capital, For Capital Adequacy Purposes, Amount | $ 49,536 | $ 50,555 | |
| Tier 1 Leverage Capital, For Capital Adequacy Purposes, Ratio (greater than or equal to) | 0.04 | 0.04 | |
| Tier 1 Leverage Capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | $ 61,921 | $ 63,194 | |
| Tier 1 Leverage Capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (greater than or equal to) | 0.05 | 0.05 | |
| CET1 Risk Based Capital | $ 125,198 | $ 126,601 | |
| CET1 Risk Based Capital to Risk Weighted Assets | 0.195% | 0.1929% | |
| CET1 Risk Based Capital Required for Capital Adequacy | $ 44,941 | $ 45,934 | |
| CET1 Risk Based Capital, For Capital Adequacy Purposes, Ratio (greater than or equal to) | 0.07% | 0.07% | |
| CET1 Risk Based Capital Required to be Well Capitalized | $ 41,731 | $ 42,653 | |
| CET1 Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 0.065% | 0.065% | |
| Tier 1 Risk-Based Capital, Actual, Amount | $ 125,198 | $ 126,601 | |
| Tier 1 Risk-Based Capital, Actual, Ratio | 0.195 | 0.1929 | |
| Tier 1 Risk-Based Capital, Required for Capital Adequacy | $ 54,571 | $ 55,777 | |
| Tier 1 Risk-Based Capital, Required for Capital Adequacy, Ratio | 0.085 | 0.085 | |
| Tier 1 Risk-Based Capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | $ 51,361 | $ 52,496 | |
| Tier 1 Risk-Based Capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (greater than or equal to) | 0.08 | 0.08 | |
| Total Risk-Based Capital, Actual, Amount | $ 131,654 | $ 133,723 | |
| Total Risk-Based Capital, Actual, Ratio | 0.2051% | 0.2038% | |
| Total Risk-Based Capital, For Capital Adequacy Purposes, Amount | $ 67,411 | $ 68,900 | |
| Total Risk-Based Capital, For Capital Adequacy Purposes, Ratio | 0.105% | 0.105% | |
| Total Risk-Based Capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | $ 64,201 | $ 65,620 | |
| Total Risk-Based Capital, To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (greater than or equal to) | 0.10% | 0.10% | |
Benefit Plans - Post-retirement (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block | ||
| Post-retirement compensation liability | $ 3,300,000 | $ 5,700,000 |
| Post-retirement compensation expense | 178,000 | 85,000 |
| Cash surrender value of bank owned life insurance | 8,700,000 | 8,600,000 |
| Bank owned life insurance, non-taxable income | $ 184,000 | 186,000 |
| 401(k) defined contribution plan | ||
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block | ||
| Employer matching contributions (percent) | 3.00% | |
| Employee contributions, immediate vesting (percent) | 100.00% | |
| Vesting term for employer matching contributions | 6 years | |
| 401(k) defined contribution expense | $ 276,000 | $ 303,000 |
Benefit Plans - ESOP (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block | ||
| ESOP, requisite service period | 1 year | |
| ESOP, requisite service period (per year) | 1000 hours | |
| ESOP, shares purchased to partially fulfill annual discretionary allocation | 40,000 | 40,000 |
| ESOP, vesting percentage | 100.00% | |
| ESOP, vesting period | 6 years | |
| ESOP expense | $ 592 | $ 540 |
| ESOP, number of allocated shares acquired with employer loan | 40,000 | 40,000 |
| Minimum | ||
| Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block | ||
| ESOP participation age limit | 21 years | |
Incentive Plans - Equity Incentive Plan Policy Valuation Assumptions (Details) - Equity Incentive Plans - Stock options |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| Weighted-average volatility | 23.50% | 22.50% |
| Expected dividend yield | 4.50% | |
| Expected term (in years) | 7 years 3 months 18 days | 7 years 4 months 24 days |
| Risk-free interest rate | 4.30% | |
| Minimum | ||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| Expected volatility | 23.40% | 21.60% |
| Expected dividend yield | 3.40% | |
| Risk-free interest rate | 4.30% | |
| Maximum | ||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
| Expected volatility | 23.60% | 22.90% |
| Expected dividend yield | 3.70% | |
| Risk-free interest rate | 4.50% | |
Incentive Plans - Summary of Stock Option Activity (Details) - Equity Incentive Plans - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Shares: | ||
| Outstanding, Beginning of Period | 480,000 | 434,500 |
| Granted | 32,000 | 98,000 |
| Exercised | 0 | 0 |
| Forfeited | (41,000) | (5,000) |
| Expired | (242,000) | (47,500) |
| Outstanding, End of Period | 229,000 | 480,000 |
| Vested and expected to vest at year end | 226,450 | 475,950 |
| Exercisable at year end | 82,000 | 355,000 |
| Weighted-Average Exercise Price (in dollars per share): | ||
| Outstanding, Beginning of Period | $ 15.35 | $ 16.04 |
| Granted | 15.72 | 12.44 |
| Exercised | 0 | 0 |
| Forfeited | 19.31 | 14.52 |
| Expired | 14.59 | 15.71 |
| Outstanding, End of Period | 15.51 | 15.35 |
| Vested and expected to vest at year end | 15.51 | 16.36 |
| Exercisable at year end | $ 19.1 | $ 16.18 |
| Weighted- Average Remaining Contractual Term (Years): | ||
| Outstanding at year end | 6 years 11 months 26 days | 3 years 3 months 14 days |
| Vested and expected to vest at year end | 7 years | 3 years 3 months |
| Exercisable at year end | 3 years 10 months 13 days | 1 year 1 month 20 days |
| Aggregate Intrinsic Value ($000): | ||
| Outstanding at year end | $ 20 | |
| Vested and expected to vest at year end | 18 | |
| Exercisable at year end | $ 10 | |
Incentive Plans - Summary of Unvested Restricted Stock Activity (Details) - Restricted stock - Equity Incentive Plans - $ / shares |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Shares | ||
| Unvested, Beginning of Period | 176,650 | 51,000 |
| Granted | 17,500 | 131,000 |
| Vested | (23,825) | (2,000) |
| Forfeited | (25,675) | (3,350) |
| Unvested, End of Period | 144,650 | 176,650 |
| Expected to vest at year end | 122,953 | 150,153 |
| Weighted-Average Award Date Fair Value | ||
| Unvested, Beginning of Period | $ 11.57 | $ 12.95 |
| Granted | 14.13 | 11.08 |
| Vested | 12.95 | 12.09 |
| Forfeited | 11.29 | 12.95 |
| Unvested, End of Period | 11.7 | 11.57 |
| Expected to vest at year end | $ 11.7 | $ 11.57 |
Incentive Plans - Additional Information (Details) |
12 Months Ended | |
|---|---|---|
|
Jun. 30, 2025
USD ($)
plan
shares
|
Jun. 30, 2024
USD ($)
shares
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
| Number of share-based compensation plans | plan | 4 | |
| Compensation cost | $ | $ 543,000 | $ 240,000 |
| Stock options | Equity Incentive Plans | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
| Maximum term for stock awards | 10 years | |
| Term used to calculate expected volatility | 84 months | |
| Unrecognized share-based compensation expense, stock options | $ | $ 266,000 | $ 231,000 |
| Share-based compensation cost not yet recognized, weighted average period for recognition (less than) | 3 years 8 months 12 days | 3 years 6 months |
| Forfeiture rate for equity incentive plans | 15.00% | 15.00% |
| Stock options | 2013 Equity Incentive Plan ("2013 Plan") | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
| Number of shares authorized for Equity Incentive Plan | 300,000 | |
| Annual limitation on awards granted to an individual under Equity Incentive Plan | 60,000 | |
| Stock options | 2022 Equity Incentive Plan ("2022 Plan") | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
| Number of shares authorized for Equity Incentive Plan | 175,000 | |
| Annual limitation on awards granted to an individual under Equity Incentive Plan | 35,000 | |
| Number of shares available for grant | 45,000 | 77,000 |
| Stock options | 2010 Equity Incentive Plan ("2010 Plan") | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
| Number of shares authorized for Equity Incentive Plan | 586,250 | |
| Stock options | 2006 Equity Incentive Plan ("2006 Plan") | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
| Number of shares authorized for Equity Incentive Plan | 365,000 | |
| Restricted stock | Equity Incentive Plans | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
| Award vesting period | 2 years 9 months 18 days | 3 years 6 months |
| Forfeiture rate for equity incentive plans | 15.00% | 15.00% |
| Restricted stock, Fair value of shares vested and distributed | $ | $ 315,000 | $ 24,000 |
| Unrecognized share-based compensation expense, restricted stock | $ | $ 1,300,000 | $ 1,800,000 |
| Restricted stock | 2013 Equity Incentive Plan ("2013 Plan") | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
| Number of shares authorized for Equity Incentive Plan | 300,000 | |
| Annual limitation on awards granted to an individual under Equity Incentive Plan | 45,000 | |
| Restricted stock | 2022 Equity Incentive Plan ("2022 Plan") | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
| Number of shares authorized for Equity Incentive Plan | 200,000 | |
| Annual limitation on awards granted to an individual under Equity Incentive Plan | 30,000 | |
| Number of shares available for grant | 74,000 | 69,000 |
| Restricted stock | 2010 Equity Incentive Plan ("2010 Plan") | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
| Number of shares authorized for Equity Incentive Plan | 288,750 | |
| Restricted stock | 2006 Equity Incentive Plan ("2006 Plan") | ||
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | ||
| Number of shares authorized for Equity Incentive Plan | 185,000 | |
Earnings Per Share - Summary of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Numerator: | ||
| Net income - numerator for basic earnings per share and diluted earnings per share - available to common stockholders | $ 6,255 | $ 7,351 |
| Denominator for basic earnings per share: | ||
| Weighted-average shares | 6,716,086 | 6,942,918 |
| Denominator for diluted earnings per share: | ||
| Adjusted weighted-average shares and assumed conversions | 6,760,962 | 6,959,143 |
| Basic earnings per share ( in dollars per share) | $ 0.93 | $ 1.06 |
| Diluted earnings per share ( in dollars per share) | $ 0.93 | $ 1.06 |
| Employee Stock Option | ||
| Denominator for basic earnings per share: | ||
| Less effect of dilutive shares | 6,195 | 76 |
| Restricted stock | ||
| Denominator for basic earnings per share: | ||
| Less effect of dilutive shares | 38,681 | 16,149 |
Earnings Per Share - Additional Information (Details) - shares |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
| Antidilutive securities excluded from computation of earnings per share | 99,000 | 382,000 |
| Restricted Stock | ||
| Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
| Restricted stock, outstanding | 144,650 | 176,650 |
| Employee Stock Option | ||
| Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
| Stock options, outstanding | 229,000 | 480,000 |
Commitments and Contingencies - Operating Lease Obligations (Details) $ in Thousands |
Jun. 30, 2025
USD ($)
|
|---|---|
| Lessee, Lease, Description [Line Items] | |
| 2026 | $ 695 |
| 2027 | 506 |
| 2028 | 436 |
| 2029 | 141 |
| 2030 | 11 |
| Total contract lease payments | 1,789 |
| Commodity | |
| Lessee, Lease, Description [Line Items] | |
| 2026 | 2,141 |
| 2027 | 1,153 |
| 2028 | 641 |
| 2029 | 141 |
| 2030 | 11 |
| Thereafter | 0 |
| Total contract lease payments | $ 4,087 |
Commitments and Contingencies - Additional Information (Details) - USD ($) |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Loss Contingencies | ||
| Lease and operating commitment expense | $ 2,900,000 | $ 2,300,000 |
| Other Investors | ||
| Loss Contingencies | ||
| Recourse liability | 17,000 | 18,000 |
| Mortgage Partnership Finance (MPF) Program | ||
| Loss Contingencies | ||
| Recourse liability | $ 6,000 | $ 8,000 |
Derivative and Other Financial Instruments with Off-Balance Sheet Risks - Schedule of Undisbursed Funds Commitments (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Derivative | ||
| Total | $ 9,179 | $ 13,099 |
| Undisbursed loan funds - Construction loans | ||
| Derivative | ||
| Total | 529 | 435 |
| 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 | 2,208 | 2,936 |
| Undisbursed lines of credit - Consumer loans | ||
| Derivative | ||
| Total | 320 | 341 |
| Commitments to extend credit on loans to be held for investment | ||
| Derivative | ||
| Total | $ 6,061 | $ 9,387 |
Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Fair Value of Financial Instruments | ||
| Loans held for investment, Fair Value | $ 1,018 | $ 1,047 |
| Loans held for investment, Unpaid Principal or Base Cost | 1,158 | 1,200 |
| Loans held for investment, Net Unrealized (Loss) Gain | (140) | (153) |
| Other equity investments, Fair Value | 730 | 540 |
| Other equity investments, Unpaid Principal or Base Cost | 0 | 0 |
| Other equity investments, Net Unrealized (Loss) Gain | $ 730 | $ 540 |
Fair Value of Financial Instruments - Corporations assets measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Loans held for investment, at fair value | $ 1,018 | $ 1,047 |
| Other equity investments, Fair Value | 730 | 540 |
| Recurring | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Investment securities - available for sale | 1,607 | 1,849 |
| Loans held for investment, at fair value | 1,018 | 1,047 |
| Other equity investments, Fair Value | 730 | 540 |
| Interest-only strips | 6 | 8 |
| Total assets | 3,361 | 3,444 |
| 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 | 1,082 | 1,208 |
| 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 | 446 | 553 |
| Recurring | Private issue CMO | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Investment securities - available for sale | 79 | 88 |
| 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, 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 | 1,528 | 1,761 |
| Loans held for investment, at fair value | 0 | 0 |
| Other equity investments, Fair Value | 730 | 540 |
| Interest-only strips | 0 | 0 |
| Total assets | 2,258 | 2,301 |
| 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 | 1,082 | 1,208 |
| 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 | 446 | 553 |
| 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 | 79 | 88 |
| Loans held for investment, at fair value | 1,018 | 1,047 |
| Other equity investments, Fair Value | 0 | 0 |
| Interest-only strips | 6 | 8 |
| Total assets | 1,103 | 1,143 |
| 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 | $ 79 | $ 88 |
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 |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
| Beginning balance | $ 1,143 | $ 1,423 |
| Total gains or losses (realized/unrealized) Included in earnings | $ 13 | $ (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 |
| Total gains or losses (realized/unrealized) Included in other comprehensive loss | $ 1 | $ (2) |
| Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] | OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment, before Tax | OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment, before Tax |
| Purchases | $ 0 | $ 0 |
| Issuances | 0 | 0 |
| Settlements | (54) | (296) |
| Transfers in and/or out of Level 3 | 0 | 0 |
| Ending balance | 1,103 | 1,143 |
| Impact of ASU adoption | ASC 326 | ||
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
| Beginning balance | 28 | |
| Private issue CMO | ||
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
| Beginning balance | 88 | 102 |
| Total gains or losses (realized/unrealized) Included in earnings | 0 | 0 |
| Total gains or losses (realized/unrealized) Included in other comprehensive loss | 3 | (1) |
| Purchases | 0 | 0 |
| Issuances | 0 | 0 |
| Settlements | (12) | (13) |
| Transfers in and/or out of Level 3 | 0 | 0 |
| Ending balance | 79 | 88 |
| Private issue CMO | Impact of ASU adoption | ASC 326 | ||
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
| Beginning balance | 0 | |
| Loans Held For Investment, at fair value | ||
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
| Beginning balance | 1,047 | 1,312 |
| Total gains or losses (realized/unrealized) Included in earnings | 13 | (10) |
| Total gains or losses (realized/unrealized) Included in other comprehensive loss | 0 | 0 |
| Purchases | 0 | 0 |
| Issuances | 0 | 0 |
| Settlements | (42) | (283) |
| Transfers in and/or out of Level 3 | 0 | 0 |
| Ending balance | 1,018 | 1,047 |
| Loans Held For Investment, at fair value | Impact of ASU adoption | ASC 326 | ||
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
| Beginning balance | 28 | |
| Interest-only strips | ||
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
| Beginning balance | 8 | 9 |
| Total gains or losses (realized/unrealized) Included in earnings | 0 | 0 |
| Total gains or losses (realized/unrealized) Included in other comprehensive loss | (2) | (1) |
| Purchases | 0 | 0 |
| Issuances | 0 | 0 |
| Settlements | 0 | 0 |
| Transfers in and/or out of Level 3 | 0 | 0 |
| Ending balance | $ 6 | 8 |
| Interest-only strips | Impact of ASU adoption | ASC 326 | ||
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
| Beginning balance | $ 0 | |
Fair Value of Financial Instruments - Corporations assets measured at fair value at the dates indicated on a nonrecurring basis (Details) - Nonrecurring - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Loans with individually evaluated allowance | $ 695 | |
| Mortgage servicing assets | $ 88 | 87 |
| Total assets | 88 | 782 |
| Level 1 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Loans with individually evaluated allowance | 0 | |
| Mortgage servicing assets | 0 | 0 |
| Total assets | 0 | 0 |
| Level 2 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Loans with individually evaluated allowance | 0 | |
| Mortgage servicing assets | 0 | 0 |
| Total assets | 0 | 0 |
| Level 3 | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Loans with individually evaluated allowance | 695 | |
| Mortgage servicing assets | 88 | 87 |
| Total assets | $ 88 | $ 782 |
Fair Value of Financial Instruments - Valuation techniques and inputs used (Details) - Level 3 $ in Thousands |
12 Months Ended |
|---|---|
|
Jun. 30, 2025
USD ($)
| |
| Private issue CMO | |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
| Assets, Fair Value Disclosure | $ 79 |
| 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 | (1.20%) |
| 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 | 0.40% |
| 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 | (0.10%) |
| Loans held for Investment, at fair value | |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
| Assets, Fair Value Disclosure | $ 1,018 |
| 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 factors | |
| 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 | 87.80% |
| Loans held for Investment, at fair value | Minimum | Relative value analysis | Credit risk factors | |
| 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 | 89.60% |
| Loans held for Investment, at fair value | Maximum | Relative value analysis | Credit risk factors | |
| 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 | (88.90%) |
| Loans held for Investment, at fair value | Weighted Average | Relative value analysis | Credit risk factors | |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
| Assets Fair Value Measurement Input | (1.00%) |
| Mortgage servicing assets | |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
| Assets, Fair Value Disclosure | $ 88 |
| Mortgage servicing assets | Prepayment speed (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 |
| Mortgage servicing assets | 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 |
| Mortgage servicing assets | Minimum | Discounted cash flow | Prepayment speed (CPR) | |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
| Assets Fair Value Measurement Input | 5.70% |
| Mortgage servicing assets | 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% |
| Mortgage servicing assets | Maximum | Discounted cash flow | Prepayment speed (CPR) | |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
| Assets Fair Value Measurement Input | 60.00% |
| Mortgage servicing assets | 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% |
| Mortgage servicing assets | Weighted Average | Discounted cash flow | Prepayment speed (CPR) | |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
| Assets Fair Value Measurement Input | (10.80%) |
| Mortgage servicing assets | 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 | $ 6 |
| Interest-only strips | Prepayment speed (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 | 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 |
| 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% |
| Interest-only strips | Minimum | Discounted cash flow | Prepayment speed (CPR) | |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
| Assets Fair Value Measurement Input | 9.00% |
| Interest-only strips | Maximum | Discounted cash flow | Prepayment speed (CPR) | |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
| Assets Fair Value Measurement Input | 19.60% |
| Interest-only strips | Weighted Average | Discounted cash flow | Prepayment speed (CPR) | |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
| Assets Fair Value Measurement Input | (15.20%) |
Fair Value of Financial Instruments - Carrying amount and fair value of the Corporations other financial instruments (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
|---|---|---|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
| Investment securities - held to maturity | $ 109,399 | $ 130,051 |
| Carrying Amount | ||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
| Loans held for investment, not recorded at fair value | 1,044,727 | 1,051,932 |
| Investment securities - held to maturity | 109,399 | 130,051 |
| FHLB - San Francisco stock | 9,568 | 9,568 |
| Deposits | 888,772 | 888,348 |
| Borrowings | 213,073 | 238,500 |
| Fair Value | ||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
| Loans held for investment, not recorded at fair value | 996,332 | 973,453 |
| Investment securities - held to maturity | 99,126 | 114,393 |
| FHLB - San Francisco stock | 9,568 | 9,568 |
| Deposits | 889,115 | 888,527 |
| Borrowings | 213,505 | 237,691 |
| 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 | 99,126 | 114,393 |
| FHLB - San Francisco stock | 9,568 | 9,568 |
| Deposits | 889,115 | 888,527 |
| Borrowings | 213,505 | 237,691 |
| Fair Value | Level 3 | ||
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
| Loans held for investment, not recorded at fair value | 996,332 | 973,453 |
| Investment securities - held to maturity | 0 | 0 |
| FHLB - San Francisco stock | 0 | 0 |
| Deposits | 0 | 0 |
| Borrowings | $ 0 | $ 0 |
Revenue From Contracts With Customers (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Loan servicing and other fees | $ 419 | $ 337 |
| Other | 735 | 1,066 |
| Total non-interest income | 3,531 | 3,941 |
| Net unrealized gain on other equity investments | 190 | 540 |
| Deposit account fees | ||
| Revenue within the scope of ASC 606 | 1,112 | 1,154 |
| Card and processing fees | ||
| Revenue within the scope of ASC 606 | 1,265 | 1,384 |
| BOLI | ||
| Other | 184 | 186 |
| Net loss on sale of loans | (60) | (66) |
| Net unrealized gain on other equity investments | $ 190 | $ 540 |
Segment Reporting (Details) $ / shares in Units, $ in Thousands |
12 Months Ended | |
|---|---|---|
|
Jun. 30, 2025
USD ($)
segment
$ / shares
|
Jun. 30, 2024
USD ($)
$ / shares
|
|
| Quarterly Results of Operations (Unaudited) | ||
| Number of reportable segments | segment | 1 | |
| Interest income | $ 56,624 | $ 54,730 |
| Interest expense | 21,155 | 19,807 |
| Net interest income | 35,469 | 34,923 |
| Recovery of credit losses | (666) | (63) |
| Net interest income, after recovery of credit losses | 36,135 | 34,986 |
| Non-interest income | 3,531 | 3,941 |
| Total non-interest expense | 30,793 | 28,540 |
| Income before taxes | 8,873 | 10,387 |
| Provision for income taxes | 2,618 | 3,036 |
| Net Income (Loss) | $ 6,255 | $ 7,351 |
| Diluted earnings per share | $ / shares | $ 0.93 | $ 1.06 |
| Return on average assets | 0.50% | 0.57% |
| Return on average equity | 4.79% | 5.62% |
| Net interest margin | 2.93% | 2.78% |
| Efficiency ratio | 78.96% | 73.44% |
| Loans held for investment growth | (0.69%) | (2.29%) |
| Deposit growth | 0.05% | (6.55%) |
| Loans held for investment as a percentage of total deposits | 117.66% | 118.53% |
| Core deposits as a percentage of total deposits | 64.86% | 69.17% |
| Tier 1 leverage capital ratio | 0.1011 | 0.1002 |
| Non-performing assets as a percentage of total assets | 0.11% | 0.20% |
Holding Company Condensed Financial Information - Financial Condition (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2023 |
|---|---|---|---|
| Assets | |||
| Cash and cash equivalents | $ 53,090 | $ 51,376 | |
| Assets | 1,245,613 | 1,272,200 | |
| Liabilities and Stockholders' Equity | |||
| Stockholders' equity | 128,545 | 129,941 | $ 129,687 |
| Liabilities and Stockholders' Equity | 1,245,613 | 1,272,200 | |
| Provident Financial Holding | |||
| Assets | |||
| Cash and cash equivalents | 3,367 | 3,385 | $ 3,737 |
| Investment in subsidiary | 125,226 | 126,601 | |
| Other assets | 65 | 64 | |
| Assets | 128,658 | 130,050 | |
| Liabilities and Stockholders' Equity | |||
| Other liabilities | 113 | 109 | |
| Stockholders' equity | 128,545 | 129,941 | |
| Liabilities and Stockholders' Equity | $ 128,658 | $ 130,050 |
Holding Company Condensed Financial Information - Operations (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Condensed Financial Statements, Captions [Line Items] | ||
| Total income | $ 8,873 | $ 10,387 |
| Income tax benefit | (2,618) | (3,036) |
| Net Income (Loss) | 6,255 | 7,351 |
| Provident Financial Holding | ||
| Condensed Financial Statements, Captions [Line Items] | ||
| Dividend from the Bank | 9,000 | 7,000 |
| Interest and other income | 2 | 2 |
| Total income | 9,002 | 7,002 |
| General and administrative expenses | 1,147 | 1,294 |
| Earnings before income taxes and equity in undistributed earnings of the Bank | 7,855 | 5,708 |
| Income tax benefit | (338) | (382) |
| Earnings before equity in undistributed earnings of the Bank | 8,193 | 6,090 |
| Equity in undistributed earnings of the Bank | (1,938) | 1,261 |
| Net Income (Loss) | $ 6,255 | $ 7,351 |
Holding Company Condensed Financial Information - Cashflows (Details) - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Cash flows from operating activities: | ||
| Net Income (Loss) | $ 6,255 | $ 7,351 |
| Net cash provided by operating activities | 8,685 | 5,685 |
| Cash flows from financing activities: | ||
| Treasury stock purchases | (4,448) | (2,601) |
| Cash dividends | (3,766) | (3,887) |
| Net cash used for financing activities | (33,430) | (65,220) |
| Net decrease in cash during the year | 1,714 | (14,473) |
| Cash and cash equivalents at beginning of year | 51,376 | |
| Cash and cash equivalents at end of year | 53,090 | 51,376 |
| Provident Financial Holding | ||
| Cash flows from operating activities: | ||
| Net Income (Loss) | 6,255 | 7,351 |
| Equity in undistributed earnings of the Bank | 1,938 | (1,261) |
| (Increase) decrease in other assets | (1) | 3 |
| Increase in other liabilities | 4 | 43 |
| Net cash provided by operating activities | 8,196 | 6,136 |
| Cash flows from financing activities: | ||
| Treasury stock purchases | (4,448) | (2,601) |
| Cash dividends | (3,766) | (3,887) |
| Net cash used for financing activities | (8,214) | (6,488) |
| Net decrease in cash during the year | (18) | (352) |
| Cash and cash equivalents at beginning of year | 3,385 | 3,737 |
| Cash and cash equivalents at end of year | $ 3,367 | $ 3,385 |
Subsequent Events (Details) - Subsequent event - First quarter's ordinary dividends for 2025 |
Jul. 24, 2025
$ / shares
|
|---|---|
| Subsequent Event [Line Items] | |
| Dividends declared date | Jul. 24, 2025 |
| Quarterly cash dividend declared, common stock | $ 0.14 |
| Dividend, date of record | Aug. 14, 2025 |
| Dividends payable, date | Sep. 04, 2025 |