0001538263-21-000038 | 10-Q | XBRL Viewer

Debt Securities (Tables)

9 Months Ended

Mar. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

Securities available for sale consist of the following at the dates indicated:


	March 31, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
U.S. government agencies	$	18,970	$	159	$	(21)	$	19,108
Residential MBS of U.S. government agencies and GSEs	41,053		1,300		(116)		42,237
Municipal bonds	9,112		488		—		9,600
Corporate bonds	91,386		232		(146)		91,472

Total	$	160,521	$	2,179	$	(283)	$	162,417


	June 30, 2020
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
U.S. government agencies	$	3,957	$	216	$	—	$	4,173
Residential MBS of U.S. government agencies and GSEs	46,629		1,776		(50)		48,355
Municipal bonds	16,090		541		—		16,631
Corporate bonds	58,242		270		(134)		58,378

Total	$	124,918	$	2,803	$	(184)	$	127,537

Investments Classified by Contractual Maturity Date

Debt securities available for sale by contractual maturity at March 31, 2021 are shown below. MBS are not included in the maturity categories because the borrowers in the underlying pools may prepay without penalty; therefore, it is unlikely that the securities will pay at their stated maturity schedule.



	March 31, 2021
	Amortized Cost		Estimated Fair Value
Due within one year	$	36,400	$	36,466
Due after one year through five years	81,053		81,489
Due after five years through ten years	2,015		2,225
Due after ten years	—		—
Mortgage-backed securities	41,053		42,237
Total	$	160,521	$	162,417

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

The gross unrealized losses and the fair value for securities available for sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2021 and June 30, 2020 were as follows:


	March 31, 2021
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. government agencies	$	14,979	$	(21)	$	—	$	—	$	14,979	$	(21)
Residential MBS of U.S. government agencies and GSEs	4,674		(85)		1,516		(31)		6,190		(116)

Corporate bonds	48,823		(146)		—		—		48,823		(146)
Total	$	68,476	$	(252)	$	1,516	$	(31)	$	69,992	$	(283)


	June 30, 2020
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

Residential MBS of U.S. government agencies and GSEs	$	227	$	(10)	$	2,435	$	(40)	$	2,662	$	(50)

Corporate bonds	11,779		(134)		—		—		11,779		(134)
Total	$	12,006	$	(144)	$	2,435	$	(40)	$	14,441	$	(184)

Loans - Schedule of Troubled Debt Restructurings Performing and Excluded from Nonaccruing Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Performing financing receivable
Financing Receivable, Modifications
Performing TDRs	$ 11,941	$ 13,153

Loans - Schedule of PCI Loans Credit Quality Indicators (Details) $ in Thousands	Jun. 30, 2020 USD ($)
Financing Receivable, Recorded Investment
Total loans	$ 2,756,138
Pass
Financing Receivable, Recorded Investment
Total loans	2,694,017
Special Mention
Financing Receivable, Recorded Investment
Total loans	33,803
Substandard
Financing Receivable, Recorded Investment
Total loans	28,095
Doubtful
Financing Receivable, Recorded Investment
Total loans	207
Loss
Financing Receivable, Recorded Investment
Total loans	16
Commercial Loans \| Commercial real estate
Financing Receivable, Recorded Investment
Total loans	1,047,084
Commercial Loans \| Construction and development
Financing Receivable, Recorded Investment
Total loans	215,344
Commercial Loans \| Commercial and industrial
Financing Receivable, Recorded Investment
Total loans	153,263
Commercial Loans \| Pass \| Commercial real estate
Financing Receivable, Recorded Investment
Total loans	1,028,709
Commercial Loans \| Pass \| Construction and development
Financing Receivable, Recorded Investment
Total loans	212,370
Commercial Loans \| Pass \| Commercial and industrial
Financing Receivable, Recorded Investment
Total loans	130,202
Commercial Loans \| Special Mention \| Commercial real estate
Financing Receivable, Recorded Investment
Total loans	7,580
Commercial Loans \| Special Mention \| Construction and development
Financing Receivable, Recorded Investment
Total loans	2,723
Commercial Loans \| Special Mention \| Commercial and industrial
Financing Receivable, Recorded Investment
Total loans	20,439
Commercial Loans \| Substandard \| Commercial real estate
Financing Receivable, Recorded Investment
Total loans	10,779
Commercial Loans \| Substandard \| Construction and development
Financing Receivable, Recorded Investment
Total loans	250
Commercial Loans \| Substandard \| Commercial and industrial
Financing Receivable, Recorded Investment
Total loans	2,622
Commercial Loans \| Doubtful \| Commercial real estate
Financing Receivable, Recorded Investment
Total loans	0
Commercial Loans \| Doubtful \| Construction and development
Financing Receivable, Recorded Investment
Total loans	1
Commercial Loans \| Doubtful \| Commercial and industrial
Financing Receivable, Recorded Investment
Total loans	0
Commercial Loans \| Loss \| Commercial real estate
Financing Receivable, Recorded Investment
Total loans	16
Commercial Loans \| Loss \| Construction and development
Financing Receivable, Recorded Investment
Total loans	0
Commercial Loans \| Loss \| Commercial and industrial
Financing Receivable, Recorded Investment
Total loans	0
Retail Consumer Loans \| One-to-four family
Financing Receivable, Recorded Investment
Total loans	469,220
Retail Consumer Loans \| HELOCs - originated
Financing Receivable, Recorded Investment
Total loans	137,447
Retail Consumer Loans \| Construction and land/lots
Financing Receivable, Recorded Investment
Total loans	81,514
Retail Consumer Loans \| Pass \| One-to-four family
Financing Receivable, Recorded Investment
Total loans	458,248
Retail Consumer Loans \| Pass \| HELOCs - originated
Financing Receivable, Recorded Investment
Total loans	134,697
Retail Consumer Loans \| Pass \| Construction and land/lots
Financing Receivable, Recorded Investment
Total loans	81,112
Retail Consumer Loans \| Special Mention \| One-to-four family
Financing Receivable, Recorded Investment
Total loans	1,724
Retail Consumer Loans \| Special Mention \| HELOCs - originated
Financing Receivable, Recorded Investment
Total loans	902
Retail Consumer Loans \| Special Mention \| Construction and land/lots
Financing Receivable, Recorded Investment
Total loans	0
Retail Consumer Loans \| Substandard \| One-to-four family
Financing Receivable, Recorded Investment
Total loans	9,042
Retail Consumer Loans \| Substandard \| HELOCs - originated
Financing Receivable, Recorded Investment
Total loans	1,848
Retail Consumer Loans \| Substandard \| Construction and land/lots
Financing Receivable, Recorded Investment
Total loans	402
Retail Consumer Loans \| Doubtful \| One-to-four family
Financing Receivable, Recorded Investment
Total loans	206
Retail Consumer Loans \| Doubtful \| HELOCs - originated
Financing Receivable, Recorded Investment
Total loans	0
Retail Consumer Loans \| Doubtful \| Construction and land/lots
Financing Receivable, Recorded Investment
Total loans	0
Retail Consumer Loans \| Loss \| One-to-four family
Financing Receivable, Recorded Investment
Total loans	0
Retail Consumer Loans \| Loss \| HELOCs - originated
Financing Receivable, Recorded Investment
Total loans	0
Retail Consumer Loans \| Loss \| Construction and land/lots
Financing Receivable, Recorded Investment
Total loans	0
Purchased Credit Impaired (PCI) Loans
Financing Receivable, Recorded Investment
Total loans	12,792
Purchased Credit Impaired (PCI) Loans \| Pass
Financing Receivable, Recorded Investment
Total loans	8,110
Purchased Credit Impaired (PCI) Loans \| Special Mention
Financing Receivable, Recorded Investment
Total loans	2,207
Purchased Credit Impaired (PCI) Loans \| Substandard
Financing Receivable, Recorded Investment
Total loans	2,472
Purchased Credit Impaired (PCI) Loans \| Doubtful
Financing Receivable, Recorded Investment
Total loans	0
Purchased Credit Impaired (PCI) Loans \| Loss
Financing Receivable, Recorded Investment
Total loans	3
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Commercial real estate
Financing Receivable, Recorded Investment
Total loans	5,822
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Construction and development
Financing Receivable, Recorded Investment
Total loans	590
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Commercial and industrial
Financing Receivable, Recorded Investment
Total loans	1,562
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Pass \| Commercial real estate
Financing Receivable, Recorded Investment
Total loans	3,181
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Pass \| Construction and development
Financing Receivable, Recorded Investment
Total loans	271
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Pass \| Commercial and industrial
Financing Receivable, Recorded Investment
Total loans	1,556
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Special Mention \| Commercial real estate
Financing Receivable, Recorded Investment
Total loans	1,742
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Special Mention \| Construction and development
Financing Receivable, Recorded Investment
Total loans	0
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Special Mention \| Commercial and industrial
Financing Receivable, Recorded Investment
Total loans	0
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Substandard \| Commercial real estate
Financing Receivable, Recorded Investment
Total loans	899
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Substandard \| Construction and development
Financing Receivable, Recorded Investment
Total loans	319
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Substandard \| Commercial and industrial
Financing Receivable, Recorded Investment
Total loans	3
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Doubtful \| Commercial real estate
Financing Receivable, Recorded Investment
Total loans	0
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Doubtful \| Construction and development
Financing Receivable, Recorded Investment
Total loans	0
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Doubtful \| Commercial and industrial
Financing Receivable, Recorded Investment
Total loans	0
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Loss \| Commercial real estate
Financing Receivable, Recorded Investment
Total loans	0
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Loss \| Construction and development
Financing Receivable, Recorded Investment
Total loans	0
Purchased Credit Impaired (PCI) Loans \| Commercial Loans \| Loss \| Commercial and industrial
Financing Receivable, Recorded Investment
Total loans	3
Purchased Credit Impaired (PCI) Loans \| Retail Consumer Loans \| One-to-four family
Financing Receivable, Recorded Investment
Total loans	4,473
Purchased Credit Impaired (PCI) Loans \| Retail Consumer Loans \| Construction and land/lots
Financing Receivable, Recorded Investment
Total loans	345
Purchased Credit Impaired (PCI) Loans \| Retail Consumer Loans \| Pass \| One-to-four family
Financing Receivable, Recorded Investment
Total loans	2,994
Purchased Credit Impaired (PCI) Loans \| Retail Consumer Loans \| Pass \| Construction and land/lots
Financing Receivable, Recorded Investment
Total loans	108
Purchased Credit Impaired (PCI) Loans \| Retail Consumer Loans \| Special Mention \| One-to-four family
Financing Receivable, Recorded Investment
Total loans	465
Purchased Credit Impaired (PCI) Loans \| Retail Consumer Loans \| Special Mention \| Construction and land/lots
Financing Receivable, Recorded Investment
Total loans	0
Purchased Credit Impaired (PCI) Loans \| Retail Consumer Loans \| Substandard \| One-to-four family
Financing Receivable, Recorded Investment
Total loans	1,014
Purchased Credit Impaired (PCI) Loans \| Retail Consumer Loans \| Substandard \| Construction and land/lots
Financing Receivable, Recorded Investment
Total loans	237
Purchased Credit Impaired (PCI) Loans \| Retail Consumer Loans \| Doubtful \| One-to-four family
Financing Receivable, Recorded Investment
Total loans	0
Purchased Credit Impaired (PCI) Loans \| Retail Consumer Loans \| Doubtful \| Construction and land/lots
Financing Receivable, Recorded Investment
Total loans	0
Purchased Credit Impaired (PCI) Loans \| Retail Consumer Loans \| Loss \| One-to-four family
Financing Receivable, Recorded Investment
Total loans	0
Purchased Credit Impaired (PCI) Loans \| Retail Consumer Loans \| Loss \| Construction and land/lots
Financing Receivable, Recorded Investment
Total loans	$ 0

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

Basis of Accounting

The accompanying unaudited consolidated financial statements have been prepared in accordance with GAAP for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the SEC. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. It is recommended that these unaudited interim consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended June 30, 2020 ("2020 Form 10-K") filed with the SEC on September 11, 2020. The results of operations for the nine months ended March 31, 2021 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2021.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements. Various elements of the Company's accounting policies, by their nature, are inherently subject to estimation techniques, valuation assumptions, and other subjective assessments. In particular, management has identified two accounting policies that, due to the judgments, estimates and assumptions inherent in those policies, are critical to an understanding of the Company's financial statements. These policies relate to (i) the determination of the provision and the allowance for credit losses on loans and (ii) the valuation of goodwill and other intangible assets. These policies and judgments, estimates and assumptions are described in greater detail in notes to the Consolidated Financial Statements and Management's Discussion and Analysis of Financial Condition and Results of Operations (Critical Accounting Policies) in the Company's 2020 Form 10-K. Management believes that the judgments, estimates and assumptions used in the preparation of the financial statements are appropriate based on the factual circumstances at the time. However, given the sensitivity of the financial statements to these critical accounting policies, the use of other judgments, estimates and assumptions could result in material differences in the Company's results of operations or financial condition. Further, subsequent changes in economic or market conditions could have a material impact on these estimates and the Company's financial condition and operating results in future periods.

Adoption of CECL Standard

Adoption of CECL standard

On July 1, 2020, the Company adopted ASU No. 2016-13, "Financial Instruments-Credit Losses ("Topic 326"): Measurement of Credit Losses on Financial Instruments", sometimes referred to herein as ASU 2016-13. Topic 326 was subsequently amended by ASU No. 2019-11, Codification Improvements to Topic 326, Financial Instruments-Credit Losses; ASU No. 2019-05, Codification Improvements to Topic 326, Financial Instruments-Credit Losses; and ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. This standard applies to all financial assets measured at amortized cost and off balance sheet credit exposures, including loans, investment securities and unfunded commitments. The Company applied the standard’s provisions using the modified retrospective method as a cumulative effect adjustment to retained earnings as of July 1, 2020. With this transition method, the Company did not have to restate comparative prior periods presented in the financial statements related to Topic 326, but will present comparative prior period disclosures using the previous accounting guidance for the allowance for loan losses. This adoption method is considered a change in accounting principle requiring additional disclosure regarding the nature of and reason for the change, which is solely a result of the adoption of the required standard.

ACL – Investment Securities

Management uses a systematic methodology to determine its ACL for investment securities held to maturity. The ACL is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the held-to-maturity portfolio. Management considers the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the portfolio. The Company’s estimate of its ACL involves a high degree of judgment; therefore, management’s process for determining expected credit losses may result in a range of expected credit losses. Management monitors the held-to-maturity portfolio to determine whether a valuation account would need to be recorded. The Company currently has no investment securities held to maturity.

Management excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on investment securities and does not record an allowance for credit losses on accrued interest receivable. As of March 31, 2021, the accrued interest receivable for investment securities available for sale was $588.

The Company’s estimate of expected credit losses includes a measure of the expected risk of credit loss even if that risk is remote. However, the Company does not measure expected credit losses on an investment security in which historical credit loss information adjusted for current conditions and reasonable and supportable forecast results in an expectation that nonpayment of the amortized cost basis is zero. Management does not expect nonpayment of the amortized cost basis to be zero solely on the basis of the current value of collateral securing the security but, instead, also considers the nature of the collateral, potential future changes in collateral values, default rates, delinquency rates, third-party guarantees, credit ratings, interest rate changes since purchase, volatility of the security’s fair value and historical loss information for financial assets secured with similar collateral. The Company performed an analysis that determined that the following securities have a zero expected credit loss: U.S. government agencies, residential MBS of U.S. government agencies and GSEs, and municipal bonds. All of the U.S. government agencies and U.S. government agency backed securities have the full faith and credit backing of the United States Government or one of its agencies. Municipal bonds that do not have a zero expected credit loss will be evaluated quarterly to determine whether there is a credit loss associated with a decline in fair value.

Management no longer evaluates securities for OTTI, as ASC Subtopic 326-30, "Financial Instruments—Credit Losses—Available-for-Sale Debt Securities," changes the accounting for recognizing impairment on available-for-sale debt securities. Each quarter management evaluates impairment where there has been a decline in fair value below the amortized cost basis of a security to determine whether there is a credit loss associated with the decline in fair value. Management considers the nature of the collateral, potential future changes in collateral values, default rates, delinquency rates, third-party guarantees, credit ratings, interest rate changes since purchase, volatility of the security’s fair value and historical loss information for financial assets secured with similar collateral among other factors. Credit losses are calculated individually, rather than collectively, using a DCF method, whereby management compares the present value of expected cash flows with the amortized cost basis of the security. The credit loss component would be recognized through the provision for credit losses in the Consolidated Statements of Income.

ACL - Loans and leases

The ACL reflects management’s estimate of losses that will result from the inability of its borrowers to make required loan payments. The Company established the incremental increase in the ACL at adoption of the CECL standard through the cumulative effect adjustment to equity and subsequent adjustments will be made through a provision for credit losses charged against earnings. Management records loans charged off against the ACL and subsequent recoveries, if any, increase the ACL when they are recognized.

Management uses a systematic methodology to determine its ACL for loans held for investment and certain off-balance-sheet credit exposures. The ACL is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loan portfolio. Management considers the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the loan portfolio. The Company’s estimate of its ACL involves a high degree of judgment; therefore, management’s process for determining expected credit losses may result in a range of expected credit losses. The Company’s ACL recorded in the balance sheet reflects management’s best estimate within the range of expected credit losses. The Company recognizes in net income the amount needed to adjust the ACL for management’s current estimate of expected credit losses. The Company’s ACL is calculated using collectively evaluated and individually evaluated loans.

The Company collectively evaluates loans that share similar risk characteristics. In general, management has segmented loans by regulatory call code category and collectively evaluates loans within the retail and commercial categories. Loans within the retail consumer category include: one-to-four family, HELOCs - originated, HELOCs - purchased, construction and land/lots, indirect auto finance, and consumer. Loans within the commercial category include: commercial real estate, construction and development, commercial and industrial, equipment finance, and municipal leases.

For collectively evaluated loans, the Company uses a DCF method for each loan in a pool, and the results are aggregated at the pool level. A periodic tendency to default and absolute loss given default are applied to a projective model of the loan’s cash flow while considering prepayment and principal curtailment effects. The analysis produces expected cash flows for each instrument in the pool by pairing loan-level term information (maturity date, payment amount, interest rate, etc.) with top-down pool assumptions (default rates, prepayment speeds). The Company has identified the following portfolio segments for the current calculation: one-to-four family construction, one-to-four family mortgage – jr. lien, one-to-four family mortgage – sr. lien, commercial and industrial, commercial leases, construction – multi-family, construction – non-owner occupied, construction – owner occupied, consumer – auto, consumer – other, consumer – revolving, farmland, land and lot, multifamily, municipal leases, non-owner occupied CRE, owner occupied CRE, and HELOCs. PPP loans are fully guaranteed by the SBA; therefore, management estimates a zero reserve for PPP loans within its allowance for credit losses.

Management has determined that the peer loss experience provides the best basis for its assessment of expected credit losses to determine the ACL. The Company utilized peer call report data to measure historical credit loss experience with similar risk characteristics within the segments over an economic cycle. Management reviewed the historical loss information to appropriately adjust for differences in current asset specific risk characteristics. Management also considered further adjustments to historical loss information for current conditions and reasonable and supportable forecasts that differ from the conditions that existed for the period over which historical information was evaluated. For all segment models for collectively evaluated loans (except for HELOCs), the Company incorporated one macroeconomic driver using a statistical regression modeling methodology. The HELOC segment incorporated two macroeconomic drivers. Due to the low loss rates of municipal leases and the expectation of them remaining low, management has elected to separately pool these loans. Management has elected to use readily available municipal default rates and loss given defaults in order to calculate expected credit losses.

Management considers forward-looking information in estimating expected credit losses. The Company uses the Fannie Mae quarterly economic forecast which is a baseline outlook for the United States economy. Management has evaluated the appropriateness of the reasonable and supportable forecast for the current period along with the inputs used in the estimation of expected credit losses. For the contractual term that extends beyond the reasonable and supportable forecast period, the Company reverts to historical loss information within four quarters using a straight-line approach. Management may apply different reversion techniques depending on the economic environment for the financial asset portfolio and as of the current period has utilized a linear reversion technique. Management has evaluated the appropriateness of a reversion period for the current period and noted that it was reasonable.

Included in its systematic methodology to determine its ACL for loans held for investment and certain off-balance-sheet credit exposures, management considers the need to qualitatively adjust expected credit losses for information not already captured in the loss estimation process. These qualitative adjustments can either increase or decrease the quantitative model estimation (i.e. formulaic model results). Each period the Company considers qualitative factors that are relevant within the qualitative framework that include the following: 1) lending policies and procedures, 2) credit review function, 3) experience and depth of management and staff, 4) external factors, and 5) actual and expected changes in economic and business conditions.

When a loan no longer shares similar risk characteristics with its segment, the asset is assessed to determine whether it should be included in another pool or should be individually evaluated. For these individually evaluated loans, the Company maintains specific book balance thresholds for retail or consumer loans, commercial loans, municipal and equipment leases, and unsecured commercial loans. Management would adjust these thresholds if future analysis suggests a change is needed based on the credit environment at that time. Generally, individually evaluated loans other than TDRs are on nonaccrual status. Based on the thresholds above, financial assets will generally remain in pools unless they meet the dollar threshold or foreclosure is probable. The expected credit losses on individually evaluated loans will be estimated based on DCF analysis unless the loan meets the criteria for use of the fair value of collateral, either by virtue of an expected foreclosure or through meeting the definition of collateral dependent. Financial assets that have been individually evaluated can be returned to a pool for purposes of estimating the expected credit loss insofar as their credit profile improves and that the repayment terms are not considered to be unique to the asset.

Management measures expected credit losses over the contractual term of the loans. When determining the contractual term, the Company considers expected prepayments but is precluded from considering expected extensions, renewals, or modifications, unless the Company reasonably expects it will execute a TDR with a borrower. In the event of a reasonably-expected TDR, the Company factors the reasonably-expected TDR into the current expected credit losses estimate. The effects of a TDR are recorded when an individual asset is specifically

identified as a reasonably-expected TDR. The Company identifies the point at which it offers the modification to the borrower as the point at which the TDR is reasonably expected for both commercial and consumer loans. The Company uses a DCF methodology to calculate the effect of the concession provided to the borrower in TDR within the ACL.

PCD assets are defined as acquired individual financial assets (or acquired groups of financial assets with similar risk characteristics) that, as of the date of acquisition, have experienced a more-than-insignificant deterioration in credit quality since origination, as determined by the Company’s assessment. The Company records acquired PCD loans by adding the expected credit losses (i.e., ACL) to the purchase price of the financial assets rather than recording through the provision for credit losses in the income statement. The expected credit loss, as of the acquisition day, of a PCD loan is added to the ACL. The non-credit discount or premium is the difference between the unpaid principal balance and the amortized cost basis as of the acquisition date. Subsequent to the acquisition date, the change in the ACL on PCD loans is recognized through the provision for credit losses. The non-credit discount or premium is accreted or amortized, respectively, into interest income over the remaining life of the PCD loan on a level-yield basis. In accordance with the transition requirements within the standard, the Company’s PCI loans were treated as PCD loans.

The Company follows its nonaccrual policy by reversing contractual interest income in the income statement when the Company places a loan on nonaccrual status. Therefore, management excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on the portfolio and does not record an ACL on accrued interest receivable.

The Company has a variety of assets that have a component that qualifies as an off-balance sheet exposure. These primarily include undrawn portions of revolving lines of credit and standby letters of credit. The expected losses associated with these exposures within the unfunded portion of the expected credit loss will be recorded as a liability on the balance sheet with an offset to the provision for credit losses. Management has determined that a majority of the Company’s off-balance-sheet credit exposures are not unconditionally cancellable. See "Note 6 – Loans and Allowance for Credit Losses on Loans" for additional details related to the Company's off-balance-sheet credit exposure. The current adjustment to the ACL for unfunded commitments would be recognized through the provision for credit losses in the Statement of Income.

Recent Accounting Pronouncements

In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." The ASU significantly changes the impairment model for most financial assets that are measured at amortized cost and certain other instruments from an incurred loss model to an expected loss model. The Company adopted this ASU on July 1, 2020, applying the modified-retrospective method. Related to the implementation of this ASU, the Company recorded additional ACL on financial instruments of $15,059, additional deferred tax assets of $3,989, additional reserve for unfunded commitments of $2,288, and a reduction to retained earnings of $13,358. The adoption of this ASU did not have an effect on AFS debt securities. See "Note 1 – Summary of Significant Accounting Policies" and "Note 6 – Loans and Allowance for Credit Losses on Loans" for additional details related to the adoption of this ASU.

See table below for impact of this ASU on the Company's consolidated balance sheet:


	July 1, 2020
	As Reported Under ASC 326		Pre-ASC 326 Adoption		Impact of ASC 326 Adoption
Assets:
ACL on commercial paper	$	(250)	$	—	$	(250)


ACL on loans:
Retail consumer loans	$	(17,692)	$	(6,956)	$	(10,736)
Commercial loans	(25,189)		(21,116)		(4,073)
Total ACL on loans	$	(42,881)	$	(28,072)	$	(14,809)

Deferred income taxes	$	20,323	$	16,334	$	3,989

Liabilities:
Liability for credit losses on off-balance sheet credit exposures	$	2,288	$	—	$	2,288

Equity:
Retained earnings	$	229,418	$	242,776	$	(13,358)

In August 2018, the FASB issued ASU 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement." The amendments in this ASU remove, modify, and add certain disclosure requirements related to fair value measurements in ASC 820. The Company adopted this ASU on July 1, 2020. The adoption did not have a material effect on the Company's Consolidated Financial Statements.

In November 2018, the FASB issued ASU 2018-19, "Codification Improvements to Topic 326, Financial Instruments—Credit Losses." This update clarifies that receivables arising from operating leases are not within the scope of Subtopic 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with Topic 842, Leases. The Company adopted this ASU on July 1, 2020. The adoption did not have a material effect on the Company's Consolidated Financial Statements.

In April 2019, the FASB issued ASU 2019-04, "Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments." The amendments in this update are part of the FASB's ongoing project to improve codification and correcting unintended application. The items within this ASU are not expected to have a significant effect on current accounting practice. The Company adopted the amendments to Financial Instruments (ASU 2016-01) on July 1, 2020. The Company adopted the amendments to Financial Instruments-Credit Losses (ASU 2016-13) on July 1, 2020. The Company adopted the amendments to Derivatives and Hedging (ASU 2017-12) on July 1, 2019. The adoption did not have a material effect on the Company's Consolidated Financial Statements.

In May 2019, the FASB issued ASU 2019-05, "Financial Instruments - Credit Losses (Topic 326): Targeted Transition Relief." The amendments in this update allow companies to irrevocably elect, upon the adoption of ASU 2016-13, the fair value option for financial instruments that i) were previously recorded at amortized cost and ii) are within the scope of the credit losses guidance in ASC 326-20, iii) are eligible for the fair value option under ASC 825-10, and iv) are not held-to-maturity debt securities. The Company adopted this ASU on July 1, 2020. The adoption did not have a material effect on the Company's Consolidated Financial Statements.

In November 2019, the FASB issued ASU 2019-11, "Codification Improvements to Topic 326, Financial Instruments-Credit Losses." This ASU clarifies certain aspects of the amendments in ASU 2016-13 and is part of the FASB's ongoing project to improve codification and correcting unintended application. The items within this ASU are not expected to have a significant effect on current accounting practice. The Company adopted this ASU on July 1, 2020. The adoption did not have a material effect on the Company's Consolidated Financial Statements.

In December 2019, the FASB issued ASU 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes." This ASU is part of the FASB's simplification initiative to reduce complexity in accounting standards. The items within this ASU are not expected to have a significant effect on current accounting practice. The effective date and transition requirements for the first and second items of this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2020 and early adoption is permitted. The adoption of ASU No. 2019-12 is not expected to have a material impact on the Company's Consolidated Financial Statements.

In January 2020, the FASB issued ASU 2020-01, "Investment—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815." This ASU clarified the interaction of the accounting for equity securities under Topic 321 and investments accounted for under the equity method of accounting in Topic 323 and the accounting for certain forward contracts and purchased options accounted for under Topic 815. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2021 and early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the Company's Consolidated Financial Statements.

In March 2020, the FASB issued ASU 2020-03, "Codification Improvements to Financial Instruments." This ASU makes certain narrow-scope amendments to the following: i) clarified that all entities are required to provide fair value option disclosures; ii) clarified the applicability of the portfolio exception in ASC 820 to nonfinancial items; iii) aligned disclosures for depository and lending institutions (Topic 942) with guidance in Topic 320; iv) added cross-references to guidance in ASC 470-50 on line-of-credit or revolving-debt arrangements; v) added cross-references to net asset value practical expedient in ASC 820-10; vi) clarified the interaction between ASC 842 and ASC 326; and vii) clarified the interaction between ASC 326 and ASC 860-20. The amendments for issues i, ii, iv, and v became effective upon issuance and did not have a material effect on the Company's Consolidated Financial Statements. The Company adopted the amendments related to issue iii, vi, and vii on July 1, 2020. The adoption did not have a material effect on the Company's Consolidated Financial Statements.

In September 2020, the FASB issued ASU 2020-06, "Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity's Own Equity (Subtopic 815-40)." This ASU simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity's own equity. Specifically the ASU removes: i) major separation models required under GAAP and ii) certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contract to qualify for the exception. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2021 and early adoption is permitted.The adoption of this ASU is not expected to have a material impact on the Company's Consolidated Financial Statements.

In October 2020, the FASB issued ASU 2020-08, "Codification Improvements to Subtopic 310-20, Receivables—Nonrefundable Fees and Other Costs." This ASU clarified that entities should reevaluate whether a callable debt security is within the scope of paragraph 310-20-35-33 for each reporting period. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2020. The adoption of this ASU is not expected to have a material impact on the Company's Consolidated Financial Statements.

In October 2020, the FASB issued ASU 2020-09, "Debt (Topic 470): Amendments to SEC Paragraphs Pursuant to SEC Release No. 33-10762." This ASU updates financial disclosure requirements for subsidiary issuers and guarantors of registered debt securities and

affinities whose securities are pledged as collateral for registered securities. The amendments in this ASU are effective January 4, 2021.The adoption did not have an effect on the Company's Consolidated Financial Statements.

In October 2020, the FASB issued ASU 2020-10, "Codification Improvements." The amendments in this update are part of the FASB's ongoing project to improve codification and correcting unintended application. This ASU, i) removes references to various FASB Concepts Statements, ii) situates all disclosure guidance in the appropriate disclosure section of the Codification, and iii) makes other improvements and technical corrections to the Codification. The items within this ASU are not expected to have a significant effect on current accounting practice. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2020 and early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the Company's Consolidated Financial Statements.

- Definition

Disclosure of accounting policy for financing receivable.

+ References + Details

Debt Securities - Available for Sale Securities Continuous Unrealized Loss Position Fair Value (Details) - USD ($)
$ in Thousands

Mar. 31, 2021

Jun. 30, 2020

Debt Securities, Available-for-sale [Line Items]

Estimated Fair Value

$ 162,417

$ 127,537

^[1]

Less than 12 Months, Fair Value

68,476

12,006

12 Months or Longer, Fair Value

1,516

2,435

Total, Fair Value

69,992

14,441

Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract] (Deprecated 2018-01-31)

12 Months or More, Fair Value

(252)

(144)

12 Months or More, Unrealized Losses

(31)

(40)

Total, Unrealized Losses

(283)

(184)

U.S. government agencies

Debt Securities, Available-for-sale [Line Items]

Estimated Fair Value

19,108

4,173

Less than 12 Months, Fair Value

14,979

12 Months or Longer, Fair Value

Total, Fair Value

14,979

Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract] (Deprecated 2018-01-31)

12 Months or More, Fair Value

(21)

12 Months or More, Unrealized Losses

Total, Unrealized Losses

(21)

Residential MBS of U.S. government agencies and GSEs

Debt Securities, Available-for-sale [Line Items]

Estimated Fair Value

42,237

48,355

Less than 12 Months, Fair Value

4,674

227

12 Months or Longer, Fair Value

1,516

2,435

Total, Fair Value

6,190

2,662

Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract] (Deprecated 2018-01-31)

12 Months or More, Fair Value

(85)

(10)

12 Months or More, Unrealized Losses

(31)

(40)

Total, Unrealized Losses

(116)

(50)

Corporate bonds

Debt Securities, Available-for-sale [Line Items]

Estimated Fair Value

91,472

58,378

Less than 12 Months, Fair Value

48,823

11,779

12 Months or Longer, Fair Value

Total, Fair Value

48,823

11,779

Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss [Abstract] (Deprecated 2018-01-31)

12 Months or More, Fair Value

(146)

(134)

12 Months or More, Unrealized Losses

Total, Unrealized Losses

(146)

(134)

Collateral Pledged

Debt Securities, Available-for-sale [Line Items]

Estimated Fair Value

$ 92,815

$ 82,888

[1]	Derived from audited financial statements.

Equity Incentive Plan

9 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Equity Incentive Plan

Equity Incentive PlanThe Company provides stock-based awards through the 2013 Omnibus Incentive Plan, which provides for awards of restricted stock, restricted stock units, stock options, stock appreciation rights and cash awards to directors, directors emeritus, officers, employees and advisory directors. The cost of equity-based awards under the 2013 Omnibus Incentive Plan generally is based on the fair value of the awards on their grant date. The maximum number of shares that may be utilized for awards under the plan is 2,962,400, including 2,116,000 for stock options and stock appreciation rights and 846,400 for awards of restricted stock and restricted stock units. Shares of common stock issued under the plan would be issued out of authorized but unissued shares, some or all of which may be repurchased shares. As of June 30, 2013, the Company had repurchased all 846,400 shares on the open market for issuance under the 2013 Omnibus Incentive Plan, for $13,297, at an average cost of $15.71 per share.

The table below presents share-based compensation expense and the estimated related tax benefit for stock options and restricted stock for the three and nine months ended March 31, 2021 and 2020, respectively:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Share-based compensation expense	$	489	$	458	$	1,449	$	1,341
Tax benefit	$	115	$	108	$	341	$	315

The table below presents stock option activity for the nine months ended March 31, 2021 and 2020:


	Options	Weighted- average exercise price		Remaining contractual life (years)	Aggregate Intrinsic Value
Options outstanding at June 30, 2019	1,657,214	$	17.59	5.0	$	12,909
Granted	61,000	26.40		—	—

Exercised	106,914	14.41		—	—
Forfeited	800	17.35		—	—

Options outstanding at March 31, 2020	1,610,500	$	18.13	4.6	$	1,617
Exercisable at March 31, 2020	1,298,000	$	15.45	3.7	$	1,617
Non-vested at March 31, 2020	312,500	$	25.86	8.2	$	—

Options outstanding at June 30, 2020	1,615,500	$	18.12	4.4	$	1,711
Granted	44,750	22.92		—	—

Exercised	172,866	14.40		—	—
Forfeited	26,900	25.77		—	—

Options outstanding at March 31, 2021	1,460,484	$	18.57	3.9	$	9,268
Exercisable at March 31, 2021	1,220,734	$	17.24	3.2	$	9,152
Non-vested at March 31, 2021	239,750	$	25.31	7.7	$	116

Assumptions used in estimating the fair value of options granted during the nine months ended March 31, 2021 and March 31, 2020 are presented below:


	March 31, 2021			March 31, 2020

Weighted-average volatility	28.30		%	17.77		%
Expected dividend yield	1.35		%	0.98		%
Risk-free interest rate	0.72		%	1.50		%
Expected life (years)	6.5			6.5
Weighted-average fair value of options granted	$	5.61		$	4.79

At March 31, 2021, the Company had $1,460 of unrecognized compensation expense related to 239,750 stock options scheduled to vest over a five-year vesting period. The weighted average period over which compensation cost related to non-vested awards expected to be recognized was 2.0 years at March 31, 2021. At March 31, 2020, the Company had $1,853 of unrecognized compensation expense related to 312,500 stock options originally scheduled to vest over five-year vesting period. The weighted average period over which compensation cost related to non-vested awards expected to be recognized was 2.0 years at March 31, 2020.

The table below presents restricted stock award activity for the nine months ended March 31, 2021 and 2020:


	Restricted stock awards	Weighted- average grant date fair value		Aggregate Intrinsic Value
Non-vested at June 30, 2019	123,800	$	24.65	$	3,322
Granted	65,556	26.76		—
Vested	37,425	22.90		—
Forfeited	3,200	20.62		—
Non-vested at March 31, 2020	148,731	$	26.11	$	2,638

Non-vested at June 30, 2020	144,046	$	25.89	$	2,305
Granted	56,547	22.92		—
Vested	45,296	25.17		—
Forfeited	7,650	25.65		—
Non-vested at March 31, 2021	147,647	$	24.98	$	2,118,734

The table above includes non-vested performance-based restrictive stock units totaling 28,852 and 21,625 at March 31, 2021 and 2020, respectively. Each issuance of these stock units is scheduled to vest over 3.0 years assuming certain performance metrics are met.

At March 31, 2021, unrecognized compensation expense was $3,196 related to 147,647 shares of restricted stock scheduled to vest over three- and five-year vesting periods. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 1.9 years at March 31, 2021. At March 31, 2020, unrecognized compensation expense was $3,736 related to 148,731 shares of restricted stock originally scheduled to vest over three- and five-year vesting periods. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 2.0 years at March 31, 2020.

Debt Securities - Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($)
$ in Thousands

Mar. 31, 2021

Jun. 30, 2020

Amortized Cost

Due within one year

$ 36,400

Due after one year through five years

81,053

Due after five years through ten years

2,015

Due after ten years

Total

160,521

Estimated Fair Value

Due within one year

36,466

Due after one year through five years

81,489

Due after five years through ten years

2,225

Due after ten years

Estimated Fair Value

162,417

$ 127,537

^[1]

Residential MBS of U.S. government agencies and GSEs

Amortized Cost

Total

41,053

Estimated Fair Value

Estimated Fair Value

$ 42,237

$ 48,355

[1]	Derived from audited financial statements.

Loans

9 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Loans

Loans and Allowance for Credit Losses on Loans

Loans consist of the following at the dates indicated:



	March 31, 2021		June 30, 2020 (1)
Commercial loans:
Commercial real estate	$	1,088,178	$	1,052,906
Construction and development	162,820		215,934
Commercial and industrial	140,579		154,825
Equipment finance	291,950		229,239
Municipal finance	129,141		127,987
PPP	73,090		80,697
Total commercial loans	1,885,758		1,861,588
Retail consumer loans:
One-to-four family	430,001		473,693
HELOCs - originated	131,867		137,447
HELOCs - purchased	46,086		71,781
Construction and land/lots	68,118		81,859
Indirect auto finance	119,656		132,303
Consumer	8,667		10,259
Total retail consumer loans	804,395		907,342
Total loans	2,690,153		2,768,930
Deferred loan costs, net (2)	—		189
Total loans, net of deferred loan costs	2,690,153		2,769,119
Allowance for credit losses	(36,059)		(28,072)
Loans, net	$	2,654,094	$	2,741,047

___________

(1) The June 30, 2020 information in the above table reflects the loan portfolio prior to the adoption of ASU 2016-13. This information was reported as shown in the below tables under "Loans and Allowance for Loan Losses - Pre ASU 2016-13", with the acquired loans being net of earned income and related discounts, which includes the credit discount on the acquired credit impaired loans.

(2) In accordance with the adoption of ASU 2016-13, the loan portfolio is shown at the amortized cost basis as of March 31, 2021, to include net deferred cost of $1,420 and unamortized discount total related to loans acquired of $4,998. Accrued interest receivable at March 31, 2021 of $7,688 is accounted for separately from the amortized cost basis. The ACL at June 30, 2020 includes the valuation allowance on PCI loans of $182.

All qualifying one-to-four family first mortgage loans, HELOCs, commercial real estate loans, and FHLB of Atlanta stock are pledged as collateral by a blanket pledge to secure any outstanding FHLB advances.

Loans are monitored for credit quality on a recurring basis and the composition of the loans outstanding by credit quality indicator is provided below. Loan credit quality indicators are developed through review of individual borrowers on an ongoing basis. Generally, loans are monitored for performance on a quarterly basis with the credit quality indicators adjusted as needed. The indicators represent the rating for loans as of the date presented based on the most recent assessment performed. These credit quality indicators are defined as follows:

Pass—A pass rated asset is not adversely classified because it does not display any of the characteristics for adverse classification.

Special Mention—A special mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention assets are not adversely classified and do not warrant adverse classification.

Substandard—A substandard asset is inadequately protected by the current net worth and paying capacity of the obligor, or of the collateral pledged, if any. Assets classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These assets are characterized by the distinct possibility of loss if the deficiencies are not corrected.

Doubtful—An asset classified doubtful has all the weaknesses inherent in an asset classified substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions, and values.

Loss—Assets classified loss are considered uncollectible and of such little value that their continuing to be carried as an asset is not warranted. This classification is not necessarily equivalent to no potential for recovery or salvage value, but rather that it is not appropriate to defer a full write-off even though partial recovery may be effected in the future.

The following table presents the credit risk profile by risk grade for commercial loans by origination year:


	Term Loans By Origination Fiscal Year
March 31, 2021	2021		2020		2019		2018		2017		Prior		Revolving		Total
Commercial real estate
Risk rating:
Pass	$	134,202	$	181,796	$	142,372	$	171,079	$	161,912	$	233,191	$	33,651	$	1,058,203
Special mention	—		—		—		15,197		1,268		3,182		143		19,790
Substandard	—		—		148		628		5,416		3,987		—		10,179
Doubtful	—		—		—		—		—		—		—		—
Loss	—		6		—		—		—		—		—		6
Total commercial real estate	$	134,202	$	181,802	$	142,520	$	186,904	$	168,596	$	240,360	$	33,794	$	1,088,178

Construction and development
Risk rating:
Pass	$	9,493	$	9,101	$	6,849	$	5,415	$	1,594	$	7,331	$	119,362	$	159,145
Special mention	—		—		—		—		—		319		2,858		3,177
Substandard	—		—		—		—		—		498		—		498
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and development	$	9,493	$	9,101	$	6,849	$	5,415	$	1,594	$	8,148	$	122,220	$	162,820

Commercial and industrial
Risk rating:
Pass	$	25,006	$	16,553	$	19,337	$	11,806	$	16,399	$	11,302	$	30,287	$	130,690
Special mention	—		—		1,194		—		53		123		3,261		4,631
Substandard	33		—		300		4,824		—		99		—		5,256
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		2		—		2
Total commercial and industrial	$	25,039	$	16,553	$	20,831	$	16,630	$	16,452	$	11,526	$	33,548	$	140,579

Equipment finance
Risk rating:
Pass	$	110,595	$	113,114	$	62,000	$	5,460	$	—	$	—	$	—	$	291,169
Special mention	—		304		176		—		—		—		—		480
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		301		—		—		—		—		301
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	110,595	$	113,418	$	62,477	$	5,460	$	—	$	—	$	—	$	291,950

Municipal leases
Risk rating:
Pass	$	6,697	$	19,030	$	14,251	$	18,977	$	10,241	$	51,242	$	8,430	$	128,868
Special mention	—		—		—		—		—		273		—		273
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	6,697	$	19,030	$	14,251	$	18,977	$	10,241	$	51,515	$	8,430	$	129,141

PPP
Risk rating:
Pass	$	29,667	$	43,423	$	—	$	—	$	—	$	—	$	—	$	73,090
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total PPP	$	29,667	$	43,423	$	—	$	—	$	—	$	—	$	—	$	73,090

Total commercial loans
Risk rating:
Pass	$	315,660	$	383,017	$	244,809	$	212,737	$	190,146	$	303,066	$	191,730	$	1,841,165
Special mention	—		304		1,370		15,197		1,321		3,897		6,262		28,351
Substandard	33		—		448		5,452		5,416		4,584		—		15,933
Doubtful	—		—		301		—		—		—		—		301
Loss	—		6		—		—		—		2		—		8
Total commercial loans	$	315,693	$	383,327	$	246,928	$	233,386	$	196,883	$	311,549	$	197,992	$	1,885,758

The following table presents the credit risk profile by risk grade for consumer loans by origination year:


	Term Loans By Origination Fiscal Year
March 31, 2021	2021			2020		2019		2018		2017		Prior		Revolving		Total
One-to-four family
Risk rating:
Pass	$	60,542		$	58,360	$	56,263	$	45,972	$	40,624	$	156,075	$	2,495	$	420,331
Special mention	—			—		—		—		28		1,402		—		1,430
Substandard	248			988		—		218		89		6,177		—		7,720
Doubtful	—			—		—		—		—		195		—		195
Loss	—			—		—		—		—		325		—		325
Total one-to-four family	$	60,790		$	59,348	$	56,263	$	46,190	$	40,741	$	164,174	$	2,495	$	430,001

HELOCs - originated
Risk rating:
Pass	$	2,386		$	978	$	1,440	$	192	$	768	$	9,686	$	114,870	$	130,320
Special mention	—			—		—		—		—		273		—		273
Substandard	—			—		—		—		38		1,112		124		1,274
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total HELOCs - originated	$	2,386		$	978	$	1,440	$	192	$	806	$	11,071	$	114,994	$	131,867

HELOCs - purchased
Risk rating:
Pass	$	—		$	—	$	—	$	—	$	—	$	—	$	46,086	$	46,086
Special mention	—			—		—		—		—		—		—		—
Substandard	—			—		—		—		—		—		—		—
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total HELOCs - purchased	$	—		$	—	$	—	$	—	$	—	$	—	$	46,086	$	46,086

Construction and land/lots
Risk rating:
Pass	$	3,122		$	13,305	$	4,212	$	527	$	—	$	4,438	$	41,995	$	67,599
Special mention	—			—		—		—		—		—		—		—
Substandard	—			—		—		98		—		421		—		519
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total construction and land/lots	$	3,122		$	13,305	$	4,212	$	625	$	—	$	4,859	$	41,995	$	68,118

Indirect auto finance
Risk rating:
Pass	$	33,168		$	31,016	$	18,993	$	22,467	$	9,539	$	3,087	$	—	$	118,270
Special mention	—		0	—		—		—		—		—		—		—
Substandard	56			371		249		376		207		123		—		1,382
Doubtful	—			—		—		—		—		—		—		—
Loss	2			1		1		—		—		—		—		4
Total indirect auto finance	$	33,226		$	31,388	$	19,243	$	22,843	$	9,746	$	3,210	$	—	$	119,656

Total consumer loans
Risk rating:
Pass	$	1,049		$	1,079	$	5,583	$	321	$	109	$	95	$	370	$	8,606
Special mention	—			—		—		—		—		—		—		—
Substandard	—			16		4		7		—		4		29		60
Doubtful	—			—		—		—		—		—		—		—
Loss	—			1		—		—		—		—		—		1
Total consumer loans	$	1,049		$	1,096	$	5,587	$	328	$	109	$	99	$	399	$	8,667

Total retail consumer loans
Risk rating:
Pass	$	100,267		$	104,738	$	86,491	$	69,479	$	51,040	$	173,381	$	205,816	$	791,212
Special mention	—			—		—		—		28		1,675		—		1,703
Substandard	304			1,375		253		699		334		7,837		153		10,955
Doubtful	—			—		—		—		—		195		—		195
Loss	2			2		1		—		—		325		—		330
Total retail consumer loans	$	100,573		$	106,115	$	86,745	$	70,178	$	51,402	$	183,413	$	205,969	$	804,395

The following table presents the credit risk profile by risk grade for total non-purchased and purchased performing consumer and commercial loans, prior to the adoption of ASU 2016-13:


	Pass		Special Mention		Substandard		Doubtful		Loss		Total
June 30, 2020
Commercial loans:
Commercial real estate	$	1,028,709	$	7,580	$	10,779	$	—	$	16	$	1,047,084
Construction and development	212,370		2,723		250		1		—		215,344
Commercial and industrial	130,202		20,439		2,622		—		—		153,263
Equipment finance	228,288		150		801		—		—		229,239
Municipal finance	127,706		281		—		—		—		127,987
PPP	80,697		—		—		—		—		80,697
Retail consumer loans:
One-to-four family	458,248		1,724		9,042		206		—		469,220
HELOCs - originated	134,697		902		1,848		—		—		137,447
HELOCs - purchased	71,119		—		662		—		—		71,781
Construction and land/lots	81,112		—		402		—		—		81,514
Indirect auto finance	130,975		—		1,328		—		—		132,303
Consumer	9,894		4		361		—		—		10,259
Total loans	$	2,694,017	$	33,803	$	28,095	$	207	$	16	$	2,756,138

The following table presents the credit risk profile by risk grade for PCI consumer and commercial loans, prior to the adoption of ASU 2016-13:


	Pass		Special Mention		Substandard		Doubtful		Loss		Total
June 30, 2020
Commercial loans:
Commercial real estate	$	3,181	$	1,742	$	899	$	—	$	—	$	5,822
Construction and development	271		—		319		—		—		590
Commercial and industrial	1,556		—		3		—		3		1,562
Retail consumer loans:
One-to-four family	2,994		465		1,014		—		—		4,473


Construction and land/lots	108		—		237		—		—		345



Total loans	$	8,110	$	2,207	$	2,472	$	—	$	3	$	12,792

The following table presents an aging analysis of past due loans (includes nonaccrual loans) by segment and class:



	Past Due								Total
	30-89 Days		90 Days+		Total		Current		Loans
March 31, 2021
Commercial loans:
Commercial real estate	$	—	$	1,863	$	1,863	$	1,086,315	$	1,088,178
Construction and development	—		37		37		162,783		162,820
Commercial and industrial	12		22		34		140,545		140,579
Equipment finance	—		328		328		291,622		291,950
Municipal finance	—		—		—		129,141		129,141
PPP	—		—		—		73,090		73,090
Retail consumer loans:
One-to-four family	824		2,046		2,870		427,131		430,001
HELOCs - originated	32		78		110		131,757		131,867
HELOCs - purchased	50		97		147		45,939		46,086
Construction and land/lots	—		—		—		68,118		68,118
Indirect auto finance	385		362		747		118,909		119,656
Consumer	271		27		298		8,369		8,667
Total loans	$	1,574	$	4,860	$	6,434	$	2,683,719	$	2,690,153

The following table presents an aging analysis of past due loans by segment and class, prior to the adoption of ASU 2016-13:


	Past Due								Total
	30-89 Days		90 Days+		Total		Current		Loans
June 30, 2020
Commercial loans:
Commercial real estate	$	4,528	$	2,892	$	7,420	$	1,045,486	$	1,052,906
Construction and development	293		341		634		215,300		215,934
Commercial and industrial	—		91		91		154,734		154,825
Equipment finance	303		498		801		228,438		229,239
Municipal finance	—		—		—		127,987		127,987
PPP	—		—		—		80,697		80,697
Retail consumer loans:
One-to-four family	1,679		3,147		4,826		468,867		473,693
HELOCs - originated	442		310		752		136,695		137,447
HELOCs - purchased	214		47		261		71,520		71,781
Construction and land/lots	—		252		252		81,607		81,859
Indirect auto finance	756		285		1,041		131,262		132,303
Consumer	30		25		55		10,204		10,259
Total loans	$	8,245	$	7,888	$	16,133	$	2,752,797	$	2,768,930

The following table presents recorded investment in loans on nonaccrual status, by segment and class, including restructured loans. It also includes interest income recognized on nonaccrual loans for the nine months ended March 31, 2021.


	March 31, 2021		June 30, 2020		90 Days + & still accruing as of March 31, 2021		Nonaccrual with no allowance as of March 31, 2021		Interest income recognized
Commercial loans:
Commercial real estate	$	7,764	$	8,869	$	—	$	4,369	$	371
Construction and development	498		465		—		80		53
Commercial and industrial	59		259		—		22		68
Equipment finance	310		801		—		291		104
Municipal finance	—		—		—		—		—
Retail consumer loans:
One-to-four family	3,132		3,582		—		812		161
HELOCs - originated	253		531		—		—		36
HELOCs - purchased	245		662		—		—		39
Construction and land/lots	22		37		—		—		—
Indirect auto finance	642		668		—		—		66
Consumer	300		49		—		—		7






Total loans	$	13,225	$	15,923	$	—	$	5,574	$	905

The decrease in the nonaccrual balance in the above schedule, compared to June 30, 2020, is mainly due to one large commercial nonaccrual loan paying off partially offset by the addition to nonaccrual loans of $486 of PCI loans, formerly accounted for as credit impaired loans, prior to the adoption of ASU 2016-13. These loans were previously excluded from nonaccrual loans. The adoption of CECL resulted in the discontinuation of pool-level accounting for acquired credit impaired loans which was replaced with a loan-level evaluation for nonaccrual status.

TDRs are loans which have renegotiated loan terms to assist borrowers who are unable to meet the original terms of their loans. Such modifications to loan terms may include a lower interest rate, a reduction in principal, or a longer term to maturity.

The Company’s loans that were performing under the payment terms of TDRs that were excluded from nonaccruing loans above at the dates

indicated follows:


	March 31, 2021		June 30, 2020
Performing TDRs	$	11,941	$	13,153

The following table presents a breakdown of the provision (benefit) for credit losses included in our Consolidated Statements of Income:


	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2021		2020		2021		2020
Provision (benefit) for credit losses:
Loans	$	(3,970)	$	5,400	$	(6,370)	$	5,800
Off-balance-sheet credit exposure	(130)		—		10		—
Commercial paper	—		—		180		—
Total provision (benefit) for credit losses	$	(4,100)	$	5,400	$	(6,180)	$	5,800

The following table presents an analysis of the ACL on loans by segment:


	Three Months Ended						Nine Months Ended
	March 31, 2021						March 31, 2021
	Commercial		Retail Consumer		Total		Commercial		Retail Consumer		Total
Balance at beginning of period	$	24,899	$	14,945	$	39,844	$	21,116	$	6,956	$	28,072
Impact of adoption ASU 2016-13	—		—		—		4,073		10,736		14,809
Provision (benefit) for credit losses	(1,750)		(2,220)		(3,970)		(1,750)		(4,620)		(6,370)
Charge-offs	(107)		(318)		(425)		(1,510)		(1,253)		(2,763)
Recoveries	356		254		610		1,469		842		2,311
Net recoveries (charge-offs)	249		(64)		185		(41)		(411)		(452)
Balance at end of period	$	23,398	$	12,661	$	36,059	$	23,398	$	12,661	$	36,059

The following table presents an analysis of the allowance for loan losses by segment, prior to the adoption of ASU 2016-13:


	Three Months Ended								Nine Months Ended
	March 31, 2020								March 31, 2020
	PCI		Commercial		Retail Consumer		Total		PCI		Commercial		Retail Consumer		Total
Balance at beginning of period	$	152	$	16,479	$	5,400	$	22,031	$	201	$	14,809	$	6,419	$	21,429
Provision for (recovery of) loan losses	30		3,851		1,519		5,400		(19)		5,899		(80)		5,800
Charge-offs	—		(706)		(295)		(1,001)		—		(1,448)		(678)		(2,126)
Recoveries	—		61		359		420		—		425		1,322		1,747
Balance at end of period	$	182	$	19,685	$	6,983	$	26,850	$	182	$	19,685	$	6,983	$	26,850

The following table presents ending balances of loans and the related ACL, by segment and class:


	Allowance for Credit Losses						Total Loans Receivable
	Loans individually evaluated		Loans collectively evaluated		Total		Loans individually evaluated		Loans collectively evaluated		Total
March 31, 2021
Commercial loans:
Commercial real estate	$	83	$	12,184	$	12,267	$	6,252	$	1,081,926	$	1,088,178
Construction and development	—		1,837		1,837		8		162,812		162,820
Commercial and industrial	—		2,645		2,645		780		139,799		140,579
Equipment finance	7		6,196		6,203		364		291,586		291,950
Municipal finance	—		446		446		—		129,141		129,141
PPP	—		—		—		—		73,090		73,090
Retail consumer loans:
One-to-four family	6		6,550		6,556		2,323		427,678		430,001
HELOCs - originated	—		1,591		1,591		—		131,867		131,867
HELOCs - purchased	—		556		556		—		46,086		46,086
Construction and land/lots	—		1,006		1,006		—		68,118		68,118
Indirect auto finance	—		2,745		2,745		—		119,656		119,656
Consumer	—		207		207		—		8,667		8,667
Total	$	96	$	35,963	$	36,059	$	9,727	$	2,680,426	$	2,690,153

The following table presents ending balances of loans and the related allowance, by segment and class, prior to the adoption of ASU 2016-13:


	Allowance for Loan Losses								Total Loans Receivable
	PCI		Loans individually evaluated for impairment		Loans collectively evaluated		Total		PCI		Loans individually evaluated for impairment		Loans collectively evaluated		Total
June 30, 2020
Commercial loans:
Commercial real estate	$	113	$	961	$	10,731	$	11,805	$	5,822	$	7,924	$	1,039,160	$	1,052,906
Construction and development	4		5		3,599		3,608		590		299		215,045		215,934
Commercial and industrial	15		31		2,153		2,199		1,562		852		152,411		154,825
Equipment finance	—		209		2,598		2,807		—		801		228,438		229,239
Municipal finance	—		—		697		697		—		—		127,987		127,987
PPP	—		—		—		—		—		—		80,697		80,697
Retail consumer loans:
One-to-four family	17		52		2,400		2,469		4,473		4,304		464,916		473,693
HELOCs - originated	—		—		1,344		1,344		—		—		137,447		137,447
HELOCs - purchased	—		—		430		430		—		—		71,781		71,781
Construction and land/lots	33		—		1,409		1,442		345		296		81,218		81,859
Indirect auto finance	—		—		1,136		1,136		—		10		132,293		132,303
Consumer	—		—		135		135		—		—		10,259		10,259
Total	$	182	$	1,258	$	26,632	$	28,072	$	12,792	$	14,486	$	2,741,652	$	2,768,930

Prior to the adoption of ASU 2016-13, loans acquired through acquisitions were initially excluded from the allowance for loan losses in accordance with the acquisition method of accounting for business combinations. The Company recorded these loans at fair value, which includes a credit discount; therefore, no allowance for loan losses was established for these acquired loans at acquisition. A provision for loan losses was recorded for any further deterioration in these acquired loans subsequent to the acquisition.

The following table presents impaired loans and the related allowance, by segment and class, excluding PCI loans, prior to the adoption of ASU 2016-13:


	Total Impaired Loans
	Unpaid Principal Balance		Recorded Investment With a Recorded Allowance		Recorded Investment With No Recorded Allowance		Total		Related Recorded Allowance















June 30, 2020
Commercial loans:
Commercial real estate	$	10,401	$	8,062	$	1,068	$	9,130	$	976
Construction and development	1,785		818		80		898		11
Commercial and industrial	9,782		1,058		26		1,084		34
Equipment finance	2,631		303		498		801		209
Retail consumer loans:
One-to-four family	16,560		10,805		3,374		14,179		412
HELOCs - originated	2,087		1,585		53		1,638		43
HELOCs - purchased	662		662		—		662		3
Construction and land/lots	1,585		749		296		1,045		13
Indirect auto finance	1,075		486		241		727		5
Consumer	297		38		27		65		2

Total impaired loans	$	46,865	$	24,566	$	5,663	$	30,229	$	1,708

The table above includes $15,743, of impaired loans that were not individually evaluated because these loans did not meet the Company's threshold for individual impairment evaluation. The recorded allowance above includes $450 related to these loans that were not individually evaluated.

The following table presents average recorded investments in impaired loans and interest income recognized on impaired loans, prior to the adoption of ASU 2016-13:


	Three Months Ended				Nine Months Ended
	March 31, 2020				March 31, 2020
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Commercial loans:
Commercial real estate	$	8,728	$	59	$	8,496	$	237
Construction and development	712		10		1,323		36
Commercial and industrial	1,119		11		812		103
Equipment finance	727		3		664		6
Retail consumer loans:
One-to-four family	14,189		175		14,861		560
HELOCs - originated	1,724		23		1,706		76
HELOCs - purchased	474		30		524		37
Construction and land/lots	1,091		19		1,174		63
Indirect auto finance	625		8		506		42
Consumer	53		3		229		9

Total loans	$	29,442	$	341	$	30,295	$	1,169

The following table presents a summary of changes in the accretable yield for PCI loans, prior to the adoption of ASU 2016-13:


	Three Months Ended		Nine Months Ended
	March 31, 2020		March 31, 2020
Accretable yield, beginning of period	$	4,355	$	5,259
Reclass from nonaccretable yield (1)	171		421
Other changes, net (2)	(23)		(332)
Interest income	(378)		(1,223)
Accretable yield, end of period	$	4,125	$	4,125

______________________________________

(1) Represents changes attributable to expected loss assumptions.

(2) Represents changes in cash flows expected to be collected due to the impact of modifications, changes in prepayment assumptions, and changes in interest rates.

In estimating ECL, ASC 326 prescribes that if foreclosure is probable, a CDA is required to be measured at the fair value of collateral, but as a practical expedient, if foreclosure is not probable, fair value measurement is optional. For those CDA loans measured at the fair value of collateral, a credit loss expense is recorded for loan amounts in excess of fair value. The following table provides a breakdown between loans identified as CDAs and non-CDAs, by segment and class, and securing collateral, as well as collateral coverage for those loans at March 31, 2021:


	Type of Collateral and Extent to Which Collateral Secures Financial Assets
	Residential Property		Investment Property		Commercial Property		Business Assets		Financial Assets Not Considered Collateral Dependent		Total

Commercial loans:
Commercial real estate	$	—	$	3,800	$	2,452	$	—	$	1,081,926	$	1,088,178
Construction and development	—		80		—		—		162,740		162,820
Commercial and industrial	—		—		—		25		140,554		140,579
Equipment finance	—		—		—		79		291,871		291,950
Municipal finance	—		—		—		—		129,141		129,141
PPP	—		—		—		—		73,090		73,090
Retail consumer loans:
One-to-four family	812		—		—		—		429,189		430,001
HELOCs - originated	—		—		—		—		131,867		131,867
HELOCs - purchased	—		—		—		—		46,086		46,086
Construction and land/lots	—		—		—		—		68,118		68,118
Indirect auto finance	—		—		—		—		119,656		119,656
Consumer	—		—		—		—		8,667		8,667
Total	$	812	$	3,880	$	2,452	$	104	$	2,682,905	$	2,690,153
Total Collateral Value	$	1,034	$	3,924	$	2,506	$	180

For the three and nine months ended March 31, 2021 and 2020, the following table presents a breakdown of the types of concessions made on TDRs by loan class:



	Three Months Ended March 31, 2021					Three Months Ended March 31, 2020
	Number of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment		Number of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment



















Commercial:
Commercial real estate	—	$	—	$	—	1	$	30	$	30



Retail consumer:
One-to-four family	2	212		212		2	319		317
HELOCs - originated	2	53		74		—	—		—

Indirect auto finance	3	28		32		—	—		—
Consumer	—	—		—		—	—		—
Total	7	$	293	$	318	3	$	349	$	347


	Nine Months Ended March 31, 2021					Nine Months Ended March 31, 2020
	Number of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment		Number of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment
Below market interest rate:
Commercial:
Commercial real estate	—	$	—	$	—	1	$	88	$	87




Total	—	—		—		1	88		87
Extended payment terms:
Commercial:

Commercial and industrial	—	—		—		1	826		826
Retail consumer:
One-to-four family	—	—		—		2	70		67



Total	—	—		—		3	896		893
Other TDRs:
Commercial:
Commercial real estate	—	—		—		1	30		30
Construction and development	—	—		—		1	182		79
Commercial and industrial	1	4,408		4,407		—	—		—
Retail consumer:
One-to-four family	4	269		261		4	353		348
HELOCs - originated	2	53		74		—	—		—
Construction and land/lots	1	225		219		—	—		—
Indirect auto finance	11	150		110		4	68		57

Total	19	$	5,105	$	5,071	10	$	633	$	514
Total	19	$	5,105	$	5,071	14	$	1,617	$	1,494

Other TDRs include TDRs that have a below market interest rate and extended payment terms. The Company does not typically forgive principal when restructuring troubled debt.

The following table presents loans that were modified as TDRs within the previous 12 months and for which there was a payment default during the three and nine months ended March 31, 2021 and 2020:



	Three Months Ended March 31, 2021			Three Months Ended March 31, 2020
	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment








Other TDRs:
Retail consumer:


Indirect auto finance	1	$	1	—	$	—





Total	1	$	1	—	$	—


	Nine Months Ended March 31, 2021			Nine Months Ended March 31, 2020
	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment









Other TDRs:
Retail consumer:
One-to-four family	—	$	—	2	$	49

Indirect auto finance	2	26		—	—







Total	2	$	26	2	$	49

In determining the ACL, management considers TDRs for all loan classes, and the subsequent nonperformance in accordance with their modified terms, by measuring a reserve on a loan-by-loan basis based on either the value of the loan's expected future cash flows discounted at the loan's original effective interest rate or on the collateral value, net of the estimated costs of disposal, if the loan is collateral dependent.

Off-Balance-Sheet Credit Exposure

The Company maintains a separate reserve for credit losses on off-balance-sheet credit exposures, including unfunded loan commitments, which is included in other liabilities on the consolidated balance sheet. The reserve for credit losses on off-balance-sheet credit exposures is adjusted as a provision for credit losses in the consolidated statement of income. The estimate includes consideration of the likelihood that funding will occur and an estimate of ECLs on commitments expected to be funded over its estimated life, utilizing the same models and approaches for the Company's other loan portfolio segments described above, as these unfunded commitments share similar risk characteristics as its loan portfolio segments. The Company has identified the unfunded portion of certain lines of credit as unconditionally cancellable credit exposures, meaning the Company can cancel the unfunded commitment at any time. No credit loss estimate is reported for off-balance-sheet credit exposures that are unconditionally cancellable by the Company or for undrawn amounts under such arrangements that may be drawn prior to the cancellation of the arrangement. At March 31, 2021, the liability for credit losses on off-balance-sheet credit exposures included in other liabilities was $2,298.

Modifications in Response to COVID-19

Beginning in March 2020, the Company began offering short-term loan modifications to assist borrowers during the COVID-19 pandemic. The CARES Act along with a joint agency statement issued by banking agencies and confirmed by FASB staff that short-term modifications made in response to COVID-19 are not TDRs. Accordingly, the Company does not account for such loan modifications as TDRs. As of March 31, 2021, the Company had outstanding modifications totaling $1,182 and $81,328 in retail consumer loans and commercial loans, respectively.

The Bank is offering payment and financial relief programs for borrowers impacted by COVID-19. These programs include loan payment deferrals for up to 90 days (which can be renewed for another 90 days under certain circumstances) waived late fees, and suspension of foreclosure proceedings and repossessions. Since March 2020, the Company has received numerous requests from borrowers for some type of payment relief; however, the majority of these payment deferrals have ended and borrowers are again making regular loan payments. The breakout of loans deferred by loan type as of the dates indicated is as follows:


Principal and Interest Payment Deferrals by Loan Types (1) (2)

	March 31, 2021				June 30, 2020
	Deferral		Percent of Total Loan Portfolio			Deferral		Percent of Total Loan Portfolio
Lodging	$	—	—	%		$	108,171	4.0	%
Other commercial real estate, construction and development, and commercial and industrial	2,193		0.1			367,443		13.7
Equipment finance	2,382		0.1			33,693		1.3
One-to-four family	—		—			36,821		1.4
Other consumer loans	1,182		—			5,203		0.2
Total	$	5,757	0.2	%		$	551,331	20.6	%

__________________________

(1) Modified loans are not included in classified assets or nonperforming assets.

(2) Principal and interest is being deferred

A majority of loans placed on principal and interest payment deferral during the pandemic had come out of deferral by March 31, 2021. However, the Company has allowed for continued relief to borrowers in the form of interest-only payments for certain loans recently coming out of full deferral. At March 31, 2021, the Company had $76,753 in commercial loans on interest-only payments for a period of time no greater than 12 months before requiring that they return to their original contractual payments.

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2021	Jun. 30, 2020
Other Commitments
Unused commitments to extend credit	$ 146,578	$ 57,798
Variable rate commitments	24,883	10,678
Fixed rate commitments	121,695	47,120
Remaining borrowing capacity	556,501	398,781
Letters of credit outstanding	$ 9,213	$ 7,766
Minimum
Other Commitments
Fixed interest rate (as a percent)	1.08%	1.74%
Loan Commitments Terms		3 years
Maximum
Other Commitments
Fixed interest rate (as a percent)	8.78%	8.54%
Loan Commitments Terms		30 years
Construction and development
Other Commitments
Unused commitments to extend credit	$ 217,142	$ 141,557

Equity Incentive Plan (Tables)

9 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Share-based compensation expense	$	489	$	458	$	1,449	$	1,341
Tax benefit	$	115	$	108	$	341	$	315

Equity Incentive Plan Stock Option Activity

The table below presents stock option activity for the nine months ended March 31, 2021 and 2020:


	Options	Weighted- average exercise price		Remaining contractual life (years)	Aggregate Intrinsic Value
Options outstanding at June 30, 2019	1,657,214	$	17.59	5.0	$	12,909
Granted	61,000	26.40		—	—

Exercised	106,914	14.41		—	—
Forfeited	800	17.35		—	—

Options outstanding at March 31, 2020	1,610,500	$	18.13	4.6	$	1,617
Exercisable at March 31, 2020	1,298,000	$	15.45	3.7	$	1,617
Non-vested at March 31, 2020	312,500	$	25.86	8.2	$	—

Options outstanding at June 30, 2020	1,615,500	$	18.12	4.4	$	1,711
Granted	44,750	22.92		—	—

Exercised	172,866	14.40		—	—
Forfeited	26,900	25.77		—	—

Options outstanding at March 31, 2021	1,460,484	$	18.57	3.9	$	9,268
Exercisable at March 31, 2021	1,220,734	$	17.24	3.2	$	9,152
Non-vested at March 31, 2021	239,750	$	25.31	7.7	$	116

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Assumptions used in estimating the fair value of options granted during the nine months ended March 31, 2021 and March 31, 2020 are presented below:


	March 31, 2021			March 31, 2020

Weighted-average volatility	28.30		%	17.77		%
Expected dividend yield	1.35		%	0.98		%
Risk-free interest rate	0.72		%	1.50		%
Expected life (years)	6.5			6.5
Weighted-average fair value of options granted	$	5.61		$	4.79

Schedule of Nonvested Restricted Stock Units Activity

The table below presents restricted stock award activity for the nine months ended March 31, 2021 and 2020:


	Restricted stock awards	Weighted- average grant date fair value		Aggregate Intrinsic Value
Non-vested at June 30, 2019	123,800	$	24.65	$	3,322
Granted	65,556	26.76		—
Vested	37,425	22.90		—
Forfeited	3,200	20.62		—
Non-vested at March 31, 2020	148,731	$	26.11	$	2,638

Non-vested at June 30, 2020	144,046	$	25.89	$	2,305
Granted	56,547	22.92		—
Vested	45,296	25.17		—
Forfeited	7,650	25.65		—
Non-vested at March 31, 2021	147,647	$	24.98	$	2,118,734

Loans Loans - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
Loans Loans - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jul. 01, 2020	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	$ 13,225		$ 15,923
Reserve for credit losses for off-balance sheet credit exposures included in other liabilities	2,298	$ 0
PCI
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	486
Coronavirus Aid, Relief, And Economic Securities Act, Short-Term Modifications \| Retail Consumer Loans
Accounts, Notes, Loans and Financing Receivable
Total modifications	1,182
Coronavirus Aid, Relief, And Economic Securities Act, Short-Term Modifications \| Commercial Loans
Accounts, Notes, Loans and Financing Receivable
Total modifications	81,328
Amount of loans on interest-only payments	$ 76,753
Maximum period of interest-only payments	12 months

Debt Securities

9 Months Ended

Mar. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Debt Securities

Securities available for sale consist of the following at the dates indicated:


	March 31, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
U.S. government agencies	$	18,970	$	159	$	(21)	$	19,108
Residential MBS of U.S. government agencies and GSEs	41,053		1,300		(116)		42,237
Municipal bonds	9,112		488		—		9,600
Corporate bonds	91,386		232		(146)		91,472

Total	$	160,521	$	2,179	$	(283)	$	162,417


	June 30, 2020
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
U.S. government agencies	$	3,957	$	216	$	—	$	4,173
Residential MBS of U.S. government agencies and GSEs	46,629		1,776		(50)		48,355
Municipal bonds	16,090		541		—		16,631
Corporate bonds	58,242		270		(134)		58,378

Total	$	124,918	$	2,803	$	(184)	$	127,537



	March 31, 2021
	Amortized Cost		Estimated Fair Value
Due within one year	$	36,400	$	36,466
Due after one year through five years	81,053		81,489
Due after five years through ten years	2,015		2,225
Due after ten years	—		—
Mortgage-backed securities	41,053		42,237
Total	$	160,521	$	162,417

The Company had no sales of securities available for sale during the three and nine months ended March 31, 2021 and 2020. There were no gross realized gains or losses for the three and nine months ended March 31, 2021 and 2020.

Securities available for sale with costs totaling $92,815 and $82,888 and market values of $94,031 and $84,456 at March 31, 2021 and June 30, 2020, respectively, were pledged as collateral to secure various public deposits and other borrowings.


	March 31, 2021
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. government agencies	$	14,979	$	(21)	$	—	$	—	$	14,979	$	(21)
Residential MBS of U.S. government agencies and GSEs	4,674		(85)		1,516		(31)		6,190		(116)

Corporate bonds	48,823		(146)		—		—		48,823		(146)
Total	$	68,476	$	(252)	$	1,516	$	(31)	$	69,992	$	(283)


	June 30, 2020
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses

Residential MBS of U.S. government agencies and GSEs	$	227	$	(10)	$	2,435	$	(40)	$	2,662	$	(50)

Corporate bonds	11,779		(134)		—		—		11,779		(134)
Total	$	12,006	$	(144)	$	2,435	$	(40)	$	14,441	$	(184)

The total number of securities with unrealized losses at March 31, 2021, and June 30, 2020 were 14 and 24, respectively.

Management evaluates securities for impairment where there has been a decline in fair value below the amortized cost basis of a security to determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. All debt securities available for sale in an unrealized loss position as of March 31, 2021 continue to perform as scheduled and management does not believe that there is a credit loss or that a provision for credit losses is necessary. Also, as part of management's evaluation of its intent and ability to hold investments for a period of time sufficient to allow for any anticipated recovery in the market, management considers its investment strategy, cash flow needs, liquidity position, capital adequacy and interest rate risk position. Management does not currently intend to sell the securities within the portfolio and it is not more-likely-than-not that securities will be required to be sold. See "Note 1 – Summary of Significant Account Policies" for further discussion.

Management continues to monitor all of its securities with a high degree of scrutiny. There can be no assurance that management will not conclude in future periods that conditions existing at that time indicate some or all of its securities may be sold or would require a charge to earnings as a provision for credit losses in such periods.

Leases (Tables)

9 Months Ended

Mar. 31, 2021

Leases [Abstract]

Assets and Liabilities, Lessee

The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.



Supplemental Balance Sheet Information:	March 31, 2021			June 30, 2020
ROU assets	$	6,208		$	4,601

Lease liabilities	6,227			4,590

Weighted-average remaining lease terms (years)	4.39			5.02
Weighted-average discount rate	2.82		%	2.97		%

Lessee, Operating Lease, Liability, Maturity

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	351
2022	1,399
2023	1,347
2024	876
2025	492
Thereafter	2,746
Total of future minimum payments	$	7,211

Lease, Cost

The following table presents components of operating lease expense for the three and nine months ended March 31, 2021 and 2020:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Operating lease cost (included in occupancy expense)	$	444	$	436	$	1,335	$	1,368
Sublease income (included in other, net noninterest income)	(47)		(61)		(169)		(181)
Total operating lease expense, net	$	397	$	375	$	1,166	$	1,187

Supplemental lease cash flow information for the nine months ended March 31, 2021 and 2020:


	2021		2020
ROU assets - noncash additions (operating leases)	$	599	$	5,296
ROU assets - noncash addition (finance lease)	—		2,052
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,632		1,609
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	100		67

Finance Lease, Liability, Maturity

The following schedule summarizes aggregate future minimum lease payments under this finance lease obligation at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	33
2022	134
2023	134
2024	145
2025	146
Thereafter	1,848
Total minimum lease payments	2,440
Less: amount representing interest	(627)
Present value of net minimum lease payments	$	1,813

Schedule of Total Equipment Finance Operating Lease Income and Depreciation Expense

The following table presents total equipment finance operating lease income and depreciation expense for the three and nine months ended March 31, 2021 and 2020:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Operating lease income	$	1,432	$	989	$	4,107	$	2,215
Depreciation expense	1,417		746		4,371		1,554

Lessor, Operating Lease, Payments to be Received, Maturity

The following schedule summarizes aggregate future minimum operating lease payments to be received at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	1,494
2022	5,224
2023	3,378
2024	1,286
2025	434
Thereafter	131
Total of future minimum payments	$	11,947

Sales-type and Direct Financing Leases, Lease Receivable, Maturity

The following table presents components of finance lease net investment included within equipment finance class of financing receivables:


	March 31, 2021		June 30, 2020
Lease receivables	$	56,720	$	44,927

The following schedule summarizes aggregate future minimum finance lease payments to be received at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	2,917
2022	16,038
2023	15,504
2024	13,342
2025	9,359
Thereafter	4,875
Total minimum payments	62,035
Less: amount representing interest	(5,315)
Total	$	56,720

Debt Securities - Available for Sale Securities Table (Details) - USD ($)
$ in Thousands

Mar. 31, 2021

Jun. 30, 2020

Debt Securities, Available-for-sale [Line Items]

Amortized Cost

$ 160,521

$ 124,918

Gross Unrealized Gains

2,179

2,803

Gross Unrealized Losses

(283)

(184)

Estimated Fair Value

162,417

127,537

^[1]

U.S. government agencies

Debt Securities, Available-for-sale [Line Items]

Amortized Cost

18,970

3,957

Gross Unrealized Gains

159

216

Gross Unrealized Losses

(21)

Estimated Fair Value

19,108

4,173

Residential MBS of U.S. government agencies and GSEs

Debt Securities, Available-for-sale [Line Items]

Amortized Cost

41,053

46,629

Gross Unrealized Gains

1,300

1,776

Gross Unrealized Losses

(116)

(50)

Estimated Fair Value

42,237

48,355

Municipal bonds

Debt Securities, Available-for-sale [Line Items]

Amortized Cost

9,112

16,090

Gross Unrealized Gains

488

541

Gross Unrealized Losses

Estimated Fair Value

9,600

16,631

Corporate bonds

Debt Securities, Available-for-sale [Line Items]

Amortized Cost

91,386

58,242

Gross Unrealized Gains

232

270

Gross Unrealized Losses

(146)

(134)

Estimated Fair Value

$ 91,472

$ 58,378

[1]	Derived from audited financial statements.

Real Estate Owned (Tables)

9 Months Ended

Mar. 31, 2021

Real Estate Owned [Abstract]

Schedule of Real Estate Properties

The activity within REO for the periods shown is as follows:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Balance at beginning of period	$	252	$	1,451	$	337	$	2,929
Transfers from loans	—		—		108		46

Sales, net of gain or loss	(109)		(376)		(302)		(1,722)
Writedowns	—		—		—		(178)

Balance at end of period	$	143	$	1,075	$	143	$	1,075

Equity Incentive Plan - Assumptions Used in Estimating Fair Value (Details) - $ / shares	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Weighted-average volatility	28.30%	17.77%
Expected dividend yield	1.35%	0.98%
Risk-free interest rate	0.72%	1.50%
Expected life (years)	6 years 6 months	6 years 6 months
Weighted-average fair value of options granted (in dollars per share)	$ 5.61	$ 4.79

Recent Accounting Pronouncements

9 Months Ended

Mar. 31, 2021

Accounting Changes and Error Corrections [Abstract]

Recent Accounting Pronouncements

See table below for impact of this ASU on the Company's consolidated balance sheet:


	July 1, 2020
	As Reported Under ASC 326		Pre-ASC 326 Adoption		Impact of ASC 326 Adoption
Assets:
ACL on commercial paper	$	(250)	$	—	$	(250)


ACL on loans:
Retail consumer loans	$	(17,692)	$	(6,956)	$	(10,736)
Commercial loans	(25,189)		(21,116)		(4,073)
Total ACL on loans	$	(42,881)	$	(28,072)	$	(14,809)

Deferred income taxes	$	20,323	$	16,334	$	3,989

Liabilities:
Liability for credit losses on off-balance sheet credit exposures	$	2,288	$	—	$	2,288

Equity:
Retained earnings	$	229,418	$	242,776	$	(13,358)

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Leases - Maturity Schedule for Finance and Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Operating Leases
Remaining 2021	$ 351
2022	1,399
2023	1,347
2024	876
2025	492
Thereafter	2,746
Total of future minimum payments	7,211
Finance Leases
Remaining 2021	33
2022	134
2023	134
2024	145
2025	146
Thereafter	1,848
Total minimum lease payments	2,440
Less: amount representing interest	(627)
Present value of net minimum lease payments	$ 1,813	$ 1,843

Accounting Changes and Error Corrections (Tables)

9 Months Ended

Mar. 31, 2021

Accounting Changes and Error Corrections [Abstract]

Impact of ASU on Consolidated Balance Sheet

See table below for impact of this ASU on the Company's consolidated balance sheet:


	July 1, 2020
	As Reported Under ASC 326		Pre-ASC 326 Adoption		Impact of ASC 326 Adoption
Assets:
ACL on commercial paper	$	(250)	$	—	$	(250)


ACL on loans:
Retail consumer loans	$	(17,692)	$	(6,956)	$	(10,736)
Commercial loans	(25,189)		(21,116)		(4,073)
Total ACL on loans	$	(42,881)	$	(28,072)	$	(14,809)

Deferred income taxes	$	20,323	$	16,334	$	3,989

Liabilities:
Liability for credit losses on off-balance sheet credit exposures	$	2,288	$	—	$	2,288

Equity:
Retained earnings	$	229,418	$	242,776	$	(13,358)

Equity Incentive Plan - Schedule of Nonvested Restricted Stock Units Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020	Jun. 30, 2019
Weighted- average grant date fair value
Aggregate intrinsic value	$ 9,152	$ 1,617
Restricted Stock
Restricted stock awards
Non-vested, Beginning Balance (in shares)	144,046	123,800
Granted (in shares)	56,547	65,556
Vested (in shares)	45,296	37,425
Forfeited (in shares)	7,650	3,200
Non-vested, Ending Balance (in shares)	147,647	148,731
Weighted- average grant date fair value
Non-vested, Beginning Balance (in usd per share)	$ 25.89	$ 24.65
Granted (in usd per share)	22.92	26.76
Vested (in usd per share)	25.17	22.90
Forfeitures (in dollars per share)	25.65	20.62
Non-vested, Ending Balance (in usd per share)	$ 24.98	$ 26.11
Aggregate intrinsic value	$ 2,118,734	$ 2,638	$ 2,305	$ 3,322

Loans Loans - Schedule of Payment Deferrals by Loan Type (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable
Deferral	$ 5,757	$ 551,331
Percent of Total Loan Portfolio	0.20%	20.60%
Lodging
Accounts, Notes, Loans and Financing Receivable
Deferral	$ 0	$ 108,171
Percent of Total Loan Portfolio	0.00%	4.00%
Other commercial real estate, construction and development, and commercial and industrial
Accounts, Notes, Loans and Financing Receivable
Deferral	$ 2,193	$ 367,443
Percent of Total Loan Portfolio	0.10%	13.70%
Equipment finance
Accounts, Notes, Loans and Financing Receivable
Deferral	$ 2,382	$ 33,693
Percent of Total Loan Portfolio	0.10%	1.30%
One-to-four family
Accounts, Notes, Loans and Financing Receivable
Deferral	$ 0	$ 36,821
Percent of Total Loan Portfolio	0.00%	1.40%
Other consumer loans
Accounts, Notes, Loans and Financing Receivable
Deferral	$ 1,182	$ 5,203
Percent of Total Loan Portfolio	0.00%	0.20%

Other Investments (Details) - USD ($)
$ in Thousands

Mar. 31, 2021

Jun. 30, 2020

Other Investment Not Readily Marketable [Line Items]

FHLB of Atlanta

$ 12,152

$ 23,309

Federal Reserve Bank of Richmond (FRB)

7,379

7,368

Other investments, at cost

28,899

38,946

^[1]

Small Business Investment Companies (SBIC)

Other Investment Not Readily Marketable [Line Items]

Nonmarketable Investment Securities

$ 9,368

$ 8,269

[1]	Derived from audited financial statements.

Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2021

Jun. 30, 2020

^[1]

Assets

Cash

$ 24,621

$ 31,908

Interest-bearing deposits

139,474

89,714

Cash and cash equivalents

164,095

121,622

Commercial paper, net

238,445

304,967

Certificates of deposit in other banks

42,015

55,689

Debt securities available for sale, at fair value (amortized cost of $160,521 and $124,918 at March 31, 2021 and June 30, 2020, respectively)

162,417

127,537

Other investments, at cost

28,899

38,946

Loans held for sale

86,708

77,177

Total loans, net of deferred loan costs

2,690,153

2,769,119

Allowance for credit losses

(36,059)

(28,072)

Total loans

2,654,094

2,741,047

Premises and equipment, net

70,886

58,462

Accrued interest receivable

8,271

12,312

REO

143

337

Deferred income taxes

16,889

16,334

BOLI

93,877

92,187

Goodwill

25,638

Core deposit intangibles

473

1,078

Other assets

55,763

49,519

Total assets acquired

3,648,613

3,722,852

Liabilities

Deposits

2,908,478

2,785,756

Borrowings

275,000

475,000

Other liabilities

58,683

53,833

Total liabilities assumed

3,242,161

3,314,589

Stockholders' Equity

Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding

Common stock, $0.01 par value, 60,000,000 shares authorized, 16,655,347 shares issued and outstanding at March 31, 2021; 17,021,357 at June 30, 2020

167

170

Additional paid in capital

162,010

169,648

Retained earnings

248,767

242,776

Unearned ESOP shares

(5,951)

(6,348)

Accumulated other comprehensive income

1,459

2,017

Total stockholders' equity

406,452

408,263

Total Liabilities and Stockholders' Equity

$ 3,648,613

$ 3,722,852

[1]	Derived from audited financial statements.

Loans Held For Sale (Details) - USD ($)
$ in Thousands

Mar. 31, 2021

Jun. 30, 2020

Accounts, Notes, Loans and Financing Receivable

Total

$ 86,708

$ 77,177

^[1]

One-to-four family

Accounts, Notes, Loans and Financing Receivable

Total

45,182

28,152

SBA

Accounts, Notes, Loans and Financing Receivable

Total

7,090

1,240

HELOCs

Accounts, Notes, Loans and Financing Receivable

Total

$ 34,436

$ 47,785

[1]	Derived from audited financial statements.

Recent Accounting Pronouncements (Details) - USD ($)
$ in Thousands

Mar. 31, 2021

Dec. 31, 2020

Jul. 01, 2020

Jun. 30, 2020

Mar. 31, 2020

Dec. 31, 2019

Jun. 30, 2019

Assets

ACL on commercial paper

$ 0

ACL on loans

$ (36,059)

$ (39,844)

(28,072)

$ (28,072)

^[1]

$ (26,850)

$ (22,031)

$ (21,429)

Deferred income taxes

16,889

16,334

^[1]

Liabilities

Liability for credit losses on off-balance sheet credit exposures

2,298

Equity:

Retained earnings

248,767

242,776

^[1]

Cumulative Effect, Period of Adoption, Adjusted Balance

Assets

ACL on commercial paper

(250)

ACL on loans

(42,881)

Deferred income taxes

20,323

Liabilities

Liability for credit losses on off-balance sheet credit exposures

2,288

Equity:

Retained earnings

229,418

Cumulative-effect adjustment due to the adoption of ASU 2016-13

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Additional ACL on financial instruments

15,059

Assets

ACL on commercial paper

(250)

ACL on loans

(14,809)

Deferred income taxes

3,989

Liabilities

Liability for credit losses on off-balance sheet credit exposures

2,288

Equity:

Retained earnings

(13,358)

Retail Consumer Loans

Assets

ACL on loans

(12,661)

(14,945)

(6,956)

(6,983)

(5,400)

(6,419)

Retail Consumer Loans | Cumulative Effect, Period of Adoption, Adjusted Balance

Assets

ACL on loans

(17,692)

Retail Consumer Loans | Cumulative-effect adjustment due to the adoption of ASU 2016-13

Assets

ACL on loans

(10,736)

Commercial Loans

Assets

ACL on loans

$ (23,398)

(24,899)

(21,116)

$ (19,685)

$ (16,479)

$ (14,809)

Commercial Loans | Cumulative Effect, Period of Adoption, Adjusted Balance

Assets

ACL on loans

(25,189)

Commercial Loans | Cumulative-effect adjustment due to the adoption of ASU 2016-13

Assets

ACL on loans

$ 0

$ (4,073)

[1]	Derived from audited financial statements.

Loans - Schedule of Average Recorded Investment in Loans, Interest Income Recognized (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2020
Financing Receivable, Impaired
Average recorded investment	$ 29,442	$ 30,295
Interest income recognized	341	1,169
Retail Consumer Loans \| One-to-four family
Financing Receivable, Impaired
Average recorded investment	14,189	14,861
Interest income recognized	175	560
Retail Consumer Loans \| HELOCs - originated
Financing Receivable, Impaired
Average recorded investment	1,724	1,706
Interest income recognized	23	76
Retail Consumer Loans \| HELOCs - purchased
Financing Receivable, Impaired
Average recorded investment	474	524
Interest income recognized	30	37
Retail Consumer Loans \| Construction and land/lots
Financing Receivable, Impaired
Average recorded investment	1,091	1,174
Interest income recognized	19	63
Retail Consumer Loans \| Indirect auto finance
Financing Receivable, Impaired
Average recorded investment	625	506
Interest income recognized	8	42
Retail Consumer Loans \| Consumer
Financing Receivable, Impaired
Average recorded investment	53	229
Interest income recognized	3	9
Commercial Loans \| Commercial real estate
Financing Receivable, Impaired
Average recorded investment	8,728	8,496
Interest income recognized	59	237
Commercial Loans \| Construction and development
Financing Receivable, Impaired
Average recorded investment	712	1,323
Interest income recognized	10	36
Commercial Loans \| Commercial and industrial
Financing Receivable, Impaired
Average recorded investment	1,119	812
Interest income recognized	11	103
Commercial Loans \| Equipment finance
Financing Receivable, Impaired
Average recorded investment	727	664
Interest income recognized	$ 3	$ 6

Loans - Schedule of Debt Restructurings on Financing Receivables (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021 USD ($) loan	Mar. 31, 2020 USD ($) loan	Mar. 31, 2021 USD ($) loan	Mar. 31, 2020 USD ($) loan
Financing Receivable, Modifications
Number of loans \| loan	7	3	19	14
Pre-modification outstanding recorded investment	$ 293	$ 349	$ 5,105	$ 1,617
Post-modification outstanding recorded investment	$ 318	$ 347	$ 5,071	$ 1,494
Below Market Interest Rate
Financing Receivable, Modifications
Number of loans \| loan			0	1
Pre-modification outstanding recorded investment			$ 0	$ 88
Post-modification outstanding recorded investment			$ 0	$ 87
Extended Payment Terms
Financing Receivable, Modifications
Number of loans \| loan			0	3
Pre-modification outstanding recorded investment			$ 0	$ 896
Post-modification outstanding recorded investment			$ 0	$ 893
Other TDR
Financing Receivable, Modifications
Number of loans \| loan			19	10
Pre-modification outstanding recorded investment			$ 5,105	$ 633
Post-modification outstanding recorded investment			$ 5,071	$ 514
Commercial Loans \| Commercial real estate
Financing Receivable, Modifications
Number of loans \| loan	0	1
Pre-modification outstanding recorded investment	$ 0	$ 30
Post-modification outstanding recorded investment	$ 0	$ 30
Commercial Loans \| Below Market Interest Rate \| Commercial real estate
Financing Receivable, Modifications
Number of loans \| loan			0	1
Pre-modification outstanding recorded investment			$ 0	$ 88
Post-modification outstanding recorded investment			$ 0	$ 87
Commercial Loans \| Extended Payment Terms \| Commercial and industrial
Financing Receivable, Modifications
Number of loans \| loan			0	1
Pre-modification outstanding recorded investment			$ 0	$ 826
Post-modification outstanding recorded investment			$ 0	$ 826
Commercial Loans \| Other TDR \| Commercial real estate
Financing Receivable, Modifications
Number of loans \| loan			0	1
Pre-modification outstanding recorded investment			$ 0	$ 30
Post-modification outstanding recorded investment			$ 0	$ 30
Commercial Loans \| Other TDR \| Construction and development
Financing Receivable, Modifications
Number of loans \| loan			0	1
Pre-modification outstanding recorded investment			$ 0	$ 182
Post-modification outstanding recorded investment			$ 0	$ 79
Commercial Loans \| Other TDR \| Commercial and industrial
Financing Receivable, Modifications
Number of loans \| loan			1	0
Pre-modification outstanding recorded investment			$ 4,408	$ 0
Post-modification outstanding recorded investment			$ 4,407	$ 0
Retail Consumer Loans \| One-to-four family
Financing Receivable, Modifications
Number of loans \| loan	2	2
Pre-modification outstanding recorded investment	$ 212	$ 319
Post-modification outstanding recorded investment	$ 212	$ 317
Retail Consumer Loans \| HELOCs - originated
Financing Receivable, Modifications
Number of loans \| loan	2	0
Pre-modification outstanding recorded investment	$ 53	$ 0
Post-modification outstanding recorded investment	$ 74	$ 0
Retail Consumer Loans \| Indirect auto finance
Financing Receivable, Modifications
Number of loans \| loan	3	0
Pre-modification outstanding recorded investment	$ 28	$ 0
Post-modification outstanding recorded investment	$ 32	$ 0
Retail Consumer Loans \| Consumer
Financing Receivable, Modifications
Number of loans \| loan	0	0
Pre-modification outstanding recorded investment	$ 0	$ 0
Post-modification outstanding recorded investment	$ 0	$ 0
Retail Consumer Loans \| Extended Payment Terms \| One-to-four family
Financing Receivable, Modifications
Number of loans \| loan			0	2
Pre-modification outstanding recorded investment			$ 0	$ 70
Post-modification outstanding recorded investment			$ 0	$ 67
Retail Consumer Loans \| Other TDR \| One-to-four family
Financing Receivable, Modifications
Number of loans \| loan			4	4
Pre-modification outstanding recorded investment			$ 269	$ 353
Post-modification outstanding recorded investment			$ 261	$ 348
Retail Consumer Loans \| Other TDR \| HELOCs - originated
Financing Receivable, Modifications
Number of loans \| loan			2	0
Pre-modification outstanding recorded investment			$ 53	$ 0
Post-modification outstanding recorded investment			$ 74	$ 0
Retail Consumer Loans \| Other TDR \| Construction and land/lots
Financing Receivable, Modifications
Number of loans \| loan			1	0
Pre-modification outstanding recorded investment			$ 225	$ 0
Post-modification outstanding recorded investment			$ 219	$ 0
Retail Consumer Loans \| Other TDR \| Indirect auto finance
Financing Receivable, Modifications
Number of loans \| loan			11	4
Pre-modification outstanding recorded investment			$ 150	$ 68
Post-modification outstanding recorded investment			$ 110	$ 57

Leases

9 Months Ended

Mar. 31, 2021

Leases [Abstract]

Leases

As Lessee - Operating Leases

The Company's operating leases primarily include office space and bank branches. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to 15 additional years. The exercise of lease renewal options is at management's sole discretion. When it is reasonably certain that the Company will exercise its option to renew or extend the lease term, that option is included in estimating the value of the ROU and lease liability. At March 31, 2021, the Company had one lease that had not yet commenced for which it had created a ROU asset and a lease liability. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Most of the Company's lease agreements include periodic rate adjustments for inflation. The depreciable life of ROU assets and leasehold improvements are limited to the shorter of the useful life or the expected lease term. Leases with an initial term of 12 months or less are not recorded on the Company's Consolidated Balance Sheets. The Company recognizes lease expenses for these leases over the lease term.

The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.



Supplemental Balance Sheet Information:	March 31, 2021			June 30, 2020
ROU assets	$	6,208		$	4,601

Lease liabilities	6,227			4,590

Weighted-average remaining lease terms (years)	4.39			5.02
Weighted-average discount rate	2.82		%	2.97		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	351
2022	1,399
2023	1,347
2024	876
2025	492
Thereafter	2,746
Total of future minimum payments	$	7,211

The following table presents components of operating lease expense for the three and nine months ended March 31, 2021 and 2020:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Operating lease cost (included in occupancy expense)	$	444	$	436	$	1,335	$	1,368
Sublease income (included in other, net noninterest income)	(47)		(61)		(169)		(181)
Total operating lease expense, net	$	397	$	375	$	1,166	$	1,187

As Lessee - Finance Lease

The Company currently leases land for one of its branch office locations under a finance lease. The ROU asset for the finance lease totaled $2,052 at March 31, 2021 and June 30, 2020 and is included in other assets. The corresponding lease liability totaled $1,813 and $1,843 at March 31, 2021 and June 30, 2020, respectively, and is included in other liabilities. For the three and nine months ended March 31, 2021, interest expense on the lease liability totaled $24 and $71, respectively. For the three and nine months ended March 31, 2020, interest expense on the lease liability totaled $24 and $73, respectively.The finance lease has a maturity date of July 2028 and a discount rate of 5.18%.

The following schedule summarizes aggregate future minimum lease payments under this finance lease obligation at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	33
2022	134
2023	134
2024	145
2025	146
Thereafter	1,848
Total minimum lease payments	2,440
Less: amount representing interest	(627)
Present value of net minimum lease payments	$	1,813

Supplemental lease cash flow information for the nine months ended March 31, 2021 and 2020:


	2021		2020
ROU assets - noncash additions (operating leases)	$	599	$	5,296
ROU assets - noncash addition (finance lease)	—		2,052
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,632		1,609
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	100		67

As Lessor - General

The Company leases equipment to commercial end users under operating and finance lease arrangements. The Company's equipment finance leases consist mainly of transportation, medical, and agricultural equipment. Many of its operating and finance leases offer the lessee the option to purchase the equipment at fair value or for a nominal fixed purchase option; and most of the leases that do not have a nominal purchase option include renewal provisions resulting in some leases continuing beyond initial contractual terms. The Company's leases do not include early termination options, and continued rent payments are due if leased equipment is not returned at the end of the lease.

As Lessor - Operating Leases

Operating lease income is recognized as a component of noninterest income on a straight-line basis over the lease term. Lease terms range from 1 to 5 years. Assets related to operating leases are included in other assets and the corresponding depreciation expense is recorded on a straight-line basis as a component of other noninterest expense. The net book value of leased assets totaled $24,917 and $21,595 with a residual value of $15,596 and $12,370 as of March 31, 2021 and June 30, 2020, respectively.

The following table presents total equipment finance operating lease income and depreciation expense for the three and nine months ended March 31, 2021 and 2020:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Operating lease income	$	1,432	$	989	$	4,107	$	2,215
Depreciation expense	1,417		746		4,371		1,554

The following schedule summarizes aggregate future minimum operating lease payments to be received at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	1,494
2022	5,224
2023	3,378
2024	1,286
2025	434
Thereafter	131
Total of future minimum payments	$	11,947

As Lessor - Finance Leases

Finance lease income is recognized as a component of loan interest income over the lease term. The finance leases are included as a component of the equipment finance class of financing receivables under the commercial loan segment. For the three months ended March 31, 2021 and 2020, total interest income on equipment finance leases totaled $638 and $420, respectively. For the nine months ended March 31, 2021 and 2020, total interest income on equipment finance leases totaled $1,736 and $1,121, respectively.

The following table presents components of finance lease net investment included within equipment finance class of financing receivables:


	March 31, 2021		June 30, 2020
Lease receivables	$	56,720	$	44,927

The following schedule summarizes aggregate future minimum finance lease payments to be received at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	2,917
2022	16,038
2023	15,504
2024	13,342
2025	9,359
Thereafter	4,875
Total minimum payments	62,035
Less: amount representing interest	(5,315)
Total	$	56,720

Leases

As Lessee - Operating Leases

The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.



Supplemental Balance Sheet Information:	March 31, 2021			June 30, 2020
ROU assets	$	6,208		$	4,601

Lease liabilities	6,227			4,590

Weighted-average remaining lease terms (years)	4.39			5.02
Weighted-average discount rate	2.82		%	2.97		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	351
2022	1,399
2023	1,347
2024	876
2025	492
Thereafter	2,746
Total of future minimum payments	$	7,211

The following table presents components of operating lease expense for the three and nine months ended March 31, 2021 and 2020:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Operating lease cost (included in occupancy expense)	$	444	$	436	$	1,335	$	1,368
Sublease income (included in other, net noninterest income)	(47)		(61)		(169)		(181)
Total operating lease expense, net	$	397	$	375	$	1,166	$	1,187

As Lessee - Finance Lease

The following schedule summarizes aggregate future minimum lease payments under this finance lease obligation at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	33
2022	134
2023	134
2024	145
2025	146
Thereafter	1,848
Total minimum lease payments	2,440
Less: amount representing interest	(627)
Present value of net minimum lease payments	$	1,813

Supplemental lease cash flow information for the nine months ended March 31, 2021 and 2020:


	2021		2020
ROU assets - noncash additions (operating leases)	$	599	$	5,296
ROU assets - noncash addition (finance lease)	—		2,052
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,632		1,609
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	100		67

As Lessor - General

As Lessor - Operating Leases

The following table presents total equipment finance operating lease income and depreciation expense for the three and nine months ended March 31, 2021 and 2020:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Operating lease income	$	1,432	$	989	$	4,107	$	2,215
Depreciation expense	1,417		746		4,371		1,554

The following schedule summarizes aggregate future minimum operating lease payments to be received at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	1,494
2022	5,224
2023	3,378
2024	1,286
2025	434
Thereafter	131
Total of future minimum payments	$	11,947

As Lessor - Finance Leases

The following table presents components of finance lease net investment included within equipment finance class of financing receivables:


	March 31, 2021		June 30, 2020
Lease receivables	$	56,720	$	44,927

The following schedule summarizes aggregate future minimum finance lease payments to be received at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	2,917
2022	16,038
2023	15,504
2024	13,342
2025	9,359
Thereafter	4,875
Total minimum payments	62,035
Less: amount representing interest	(5,315)
Total	$	56,720

Leases

As Lessee - Operating Leases

The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.



Supplemental Balance Sheet Information:	March 31, 2021			June 30, 2020
ROU assets	$	6,208		$	4,601

Lease liabilities	6,227			4,590

Weighted-average remaining lease terms (years)	4.39			5.02
Weighted-average discount rate	2.82		%	2.97		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	351
2022	1,399
2023	1,347
2024	876
2025	492
Thereafter	2,746
Total of future minimum payments	$	7,211

The following table presents components of operating lease expense for the three and nine months ended March 31, 2021 and 2020:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Operating lease cost (included in occupancy expense)	$	444	$	436	$	1,335	$	1,368
Sublease income (included in other, net noninterest income)	(47)		(61)		(169)		(181)
Total operating lease expense, net	$	397	$	375	$	1,166	$	1,187

As Lessee - Finance Lease

The following schedule summarizes aggregate future minimum lease payments under this finance lease obligation at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	33
2022	134
2023	134
2024	145
2025	146
Thereafter	1,848
Total minimum lease payments	2,440
Less: amount representing interest	(627)
Present value of net minimum lease payments	$	1,813

Supplemental lease cash flow information for the nine months ended March 31, 2021 and 2020:


	2021		2020
ROU assets - noncash additions (operating leases)	$	599	$	5,296
ROU assets - noncash addition (finance lease)	—		2,052
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,632		1,609
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	100		67

As Lessor - General

As Lessor - Operating Leases

The following table presents total equipment finance operating lease income and depreciation expense for the three and nine months ended March 31, 2021 and 2020:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Operating lease income	$	1,432	$	989	$	4,107	$	2,215
Depreciation expense	1,417		746		4,371		1,554

The following schedule summarizes aggregate future minimum operating lease payments to be received at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	1,494
2022	5,224
2023	3,378
2024	1,286
2025	434
Thereafter	131
Total of future minimum payments	$	11,947

As Lessor - Finance Leases

The following table presents components of finance lease net investment included within equipment finance class of financing receivables:


	March 31, 2021		June 30, 2020
Lease receivables	$	56,720	$	44,927

The following schedule summarizes aggregate future minimum finance lease payments to be received at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	2,917
2022	16,038
2023	15,504
2024	13,342
2025	9,359
Thereafter	4,875
Total minimum payments	62,035
Less: amount representing interest	(5,315)
Total	$	56,720

Leases

As Lessee - Operating Leases

The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.



Supplemental Balance Sheet Information:	March 31, 2021			June 30, 2020
ROU assets	$	6,208		$	4,601

Lease liabilities	6,227			4,590

Weighted-average remaining lease terms (years)	4.39			5.02
Weighted-average discount rate	2.82		%	2.97		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	351
2022	1,399
2023	1,347
2024	876
2025	492
Thereafter	2,746
Total of future minimum payments	$	7,211

The following table presents components of operating lease expense for the three and nine months ended March 31, 2021 and 2020:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Operating lease cost (included in occupancy expense)	$	444	$	436	$	1,335	$	1,368
Sublease income (included in other, net noninterest income)	(47)		(61)		(169)		(181)
Total operating lease expense, net	$	397	$	375	$	1,166	$	1,187

As Lessee - Finance Lease

The following schedule summarizes aggregate future minimum lease payments under this finance lease obligation at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	33
2022	134
2023	134
2024	145
2025	146
Thereafter	1,848
Total minimum lease payments	2,440
Less: amount representing interest	(627)
Present value of net minimum lease payments	$	1,813

Supplemental lease cash flow information for the nine months ended March 31, 2021 and 2020:


	2021		2020
ROU assets - noncash additions (operating leases)	$	599	$	5,296
ROU assets - noncash addition (finance lease)	—		2,052
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,632		1,609
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	100		67

As Lessor - General

As Lessor - Operating Leases

The following table presents total equipment finance operating lease income and depreciation expense for the three and nine months ended March 31, 2021 and 2020:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Operating lease income	$	1,432	$	989	$	4,107	$	2,215
Depreciation expense	1,417		746		4,371		1,554

The following schedule summarizes aggregate future minimum operating lease payments to be received at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	1,494
2022	5,224
2023	3,378
2024	1,286
2025	434
Thereafter	131
Total of future minimum payments	$	11,947

As Lessor - Finance Leases

The following table presents components of finance lease net investment included within equipment finance class of financing receivables:


	March 31, 2021		June 30, 2020
Lease receivables	$	56,720	$	44,927

The following schedule summarizes aggregate future minimum finance lease payments to be received at March 31, 2021:


Fiscal year ending June 30:
Remaining 2021	$	2,917
2022	16,038
2023	15,504
2024	13,342
2025	9,359
Thereafter	4,875
Total minimum payments	62,035
Less: amount representing interest	(5,315)
Total	$	56,720

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net Income	$ 7,869	$ 1,193	$ 23,083	$ 19,188
Other Comprehensive Income (Loss)
Gains (losses) arising during the period	(839)	395	(724)	419
Deferred income tax benefit (expense)	193	(91)	166	(96)
Total other comprehensive income (loss)	(646)	304	(558)	323
Comprehensive Income	$ 7,223	$ 1,497	$ 22,525	$ 19,511

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Subparagraph (a)
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 1
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Statement of Financial Position [Abstract]
Debt securities available for sale, at fair value, amortized cost	$ 160,521	$ 124,918
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized shares	10,000,000	10,000,000
Preferred stock issued shares	0	0
Preferred stock shares outstanding	0	0
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock shares authorized	60,000,000	60,000,000
Common stock shares issued	16,655,347	17,021,357
Common stock shares outstanding	16,655,347	17,021,357

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Mar. 31, 2021	May 04, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	001-35593
Entity Registrant Name	HOMETRUST BANCSHARES, INC.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	45-5055422
Entity Address, Address Line One	10 Woodfin Street
Entity Address, City or Town	Asheville
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28801
City Area Code	828
Local Phone Number	259-3939
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	HTBI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		16,616,594
Entity Central Index Key	0001538263
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

Loans - Schedule of Ending Balances of Loans and the Related Allowance by Segment and Class (Details) - USD ($)
$ in Thousands

Mar. 31, 2021

Dec. 31, 2020

Jul. 01, 2020

Jun. 30, 2020

Mar. 31, 2020

Dec. 31, 2019

Jun. 30, 2019

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Loans individually evaluated for impairment

$ 96

$ 1,258

Allowance for credit losses, Loans collectively evaluated

35,963

26,632

Allowance for credit losses, Total

36,059

$ 39,844

$ 28,072

28,072

^[1]

$ 26,850

$ 22,031

$ 21,429

Total loans receivable, Loans individually evaluated for impairment

9,727

14,486

Total loans receivable, Loans collectively evaluated

2,680,426

2,741,652

Total loans receivable

2,690,153

2,768,930

Purchased Credit Impaired (PCI) Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

182

152

201

Total loans receivable

12,792

Retail Consumer Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

12,661

14,945

6,956

6,983

5,400

6,419

Total loans receivable

804,395

907,342

Retail Consumer Loans | One-to-four family

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Loans individually evaluated for impairment

Allowance for credit losses, Loans collectively evaluated

6,550

2,400

Allowance for credit losses, Total

6,556

2,469

Total loans receivable, Loans individually evaluated for impairment

2,323

4,304

Total loans receivable, Loans collectively evaluated

427,678

464,916

Total loans receivable

430,001

473,693

Retail Consumer Loans | One-to-four family | Purchased Credit Impaired (PCI) Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

Total loans receivable

4,473

Retail Consumer Loans | HELOCs - originated

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Loans individually evaluated for impairment

Allowance for credit losses, Loans collectively evaluated

1,591

1,344

Allowance for credit losses, Total

1,591

1,344

Total loans receivable, Loans individually evaluated for impairment

Total loans receivable, Loans collectively evaluated

131,867

137,447

Total loans receivable

131,867

137,447

Retail Consumer Loans | HELOCs - originated | Purchased Credit Impaired (PCI) Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

Total loans receivable

Retail Consumer Loans | HELOCs - purchased

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Loans individually evaluated for impairment

Allowance for credit losses, Loans collectively evaluated

556

430

Allowance for credit losses, Total

556

430

Total loans receivable, Loans individually evaluated for impairment

Total loans receivable, Loans collectively evaluated

46,086

71,781

Total loans receivable

46,086

71,781

Retail Consumer Loans | HELOCs - purchased | Purchased Credit Impaired (PCI) Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

Total loans receivable

Retail Consumer Loans | Construction and land/lots

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Loans individually evaluated for impairment

Allowance for credit losses, Loans collectively evaluated

1,006

1,409

Allowance for credit losses, Total

1,006

1,442

Total loans receivable, Loans individually evaluated for impairment

296

Total loans receivable, Loans collectively evaluated

68,118

81,218

Total loans receivable

68,118

81,859

Retail Consumer Loans | Construction and land/lots | Purchased Credit Impaired (PCI) Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

Total loans receivable

345

Retail Consumer Loans | Indirect auto finance

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Loans individually evaluated for impairment

Allowance for credit losses, Loans collectively evaluated

2,745

1,136

Allowance for credit losses, Total

2,745

1,136

Total loans receivable, Loans individually evaluated for impairment

Total loans receivable, Loans collectively evaluated

119,656

132,293

Total loans receivable

119,656

132,303

Retail Consumer Loans | Indirect auto finance | Purchased Credit Impaired (PCI) Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

Total loans receivable

Retail Consumer Loans | Consumer

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Loans individually evaluated for impairment

Allowance for credit losses, Loans collectively evaluated

207

135

Allowance for credit losses, Total

207

135

Total loans receivable, Loans individually evaluated for impairment

Total loans receivable, Loans collectively evaluated

8,667

10,259

Total loans receivable

8,667

10,259

Retail Consumer Loans | Consumer | Purchased Credit Impaired (PCI) Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

Total loans receivable

Commercial Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

23,398

$ 24,899

$ 21,116

21,116

$ 19,685

$ 16,479

$ 14,809

Total loans receivable

1,885,758

1,861,588

Commercial Loans | PPP

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Loans individually evaluated for impairment

Allowance for credit losses, Loans collectively evaluated

Allowance for credit losses, Total

Total loans receivable, Loans individually evaluated for impairment

Total loans receivable, Loans collectively evaluated

73,090

80,697

Total loans receivable

73,090

80,697

Commercial Loans | Purchased Credit Impaired (PCI) Loans | PPP

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

Total loans receivable

Commercial Loans | Commercial real estate

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Loans individually evaluated for impairment

961

Allowance for credit losses, Loans collectively evaluated

12,184

10,731

Allowance for credit losses, Total

12,267

11,805

Total loans receivable, Loans individually evaluated for impairment

6,252

7,924

Total loans receivable, Loans collectively evaluated

1,081,926

1,039,160

Total loans receivable

1,088,178

1,052,906

Commercial Loans | Commercial real estate | Purchased Credit Impaired (PCI) Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

113

Total loans receivable

5,822

Commercial Loans | Construction and development

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Loans individually evaluated for impairment

Allowance for credit losses, Loans collectively evaluated

1,837

3,599

Allowance for credit losses, Total

1,837

3,608

Total loans receivable, Loans individually evaluated for impairment

299

Total loans receivable, Loans collectively evaluated

162,812

215,045

Total loans receivable

162,820

215,934

Commercial Loans | Construction and development | Purchased Credit Impaired (PCI) Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

Total loans receivable

590

Commercial Loans | Commercial and industrial

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Loans individually evaluated for impairment

Allowance for credit losses, Loans collectively evaluated

2,645

2,153

Allowance for credit losses, Total

2,645

2,199

Total loans receivable, Loans individually evaluated for impairment

780

852

Total loans receivable, Loans collectively evaluated

139,799

152,411

Total loans receivable

140,579

154,825

Commercial Loans | Commercial and industrial | Purchased Credit Impaired (PCI) Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

Total loans receivable

1,562

Commercial Loans | Equipment finance

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Loans individually evaluated for impairment

209

Allowance for credit losses, Loans collectively evaluated

6,196

2,598

Allowance for credit losses, Total

6,203

2,807

Total loans receivable, Loans individually evaluated for impairment

364

801

Total loans receivable, Loans collectively evaluated

291,586

228,438

Total loans receivable

291,950

229,239

Commercial Loans | Equipment finance | Purchased Credit Impaired (PCI) Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

Total loans receivable

Commercial Loans | Municipal finance

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Loans individually evaluated for impairment

Allowance for credit losses, Loans collectively evaluated

446

697

Allowance for credit losses, Total

446

697

Total loans receivable, Loans individually evaluated for impairment

Total loans receivable, Loans collectively evaluated

129,141

127,987

Total loans receivable

$ 129,141

127,987

Commercial Loans | Municipal finance | Purchased Credit Impaired (PCI) Loans

Financing Receivable, Allowance for Credit Loss [Line Items]

Allowance for credit losses, Total

Total loans receivable

$ 0

[1]	Derived from audited financial statements.

Loans Held For Sale

9 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Loans Held For Sale

Loans held for sale as of the dates indicated consist of the following:


	March 31, 2021		June 30, 2020
One-to-four family	$	45,182	$	28,152
SBA	7,090		1,240
HELOCs	34,436		47,785

Total	$	86,708	$	77,177

Leases - Lessor, Fiscal Year Maturity Schedule (Details) $ in Thousands	Mar. 31, 2021 USD ($)
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Remaining 2021	$ 1,494
2022	5,224
2023	3,378
2024	1,286
2025	434
Thereafter	131
Total of future minimum payments	11,947
Financing Leases
Remaining 2021	2,917
2022	16,038
2023	15,504
2024	13,342
2025	9,359
Thereafter	4,875
Total minimum payments	62,035
Less: amount representing interest	(5,315)
Total	$ 56,720

Fair Value of Financial Instruments (Tables)

9 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents financial assets measured at fair value on a recurring basis at the dates indicated:


	March 31, 2021
Description	Total		Level 1		Level 2		Level 3
U.S government agencies	$	19,108	$	—	$	19,108	$	—
Residential MBS of U.S. government agencies and GSEs	42,237		—		42,237		—
Municipal bonds	9,600		—		9,600		—
Corporate bonds	91,472		—		91,472		—

Total	$	162,417	$	—	$	162,417	$	—


	June 30, 2020
Description	Total		Level 1		Level 2		Level 3
U.S government agencies	$	4,173	$	—	$	4,173	$	—
Residential MBS of U.S. government agencies and GSEs	48,355		—		48,355		—
Municipal bonds	16,631		—		16,631		—
Corporate bonds	58,378		—		58,378		—

Total	$	127,537	$	—	$	127,537	$	—

Fair Value Measurements, Nonrecurring

The following table presents financial assets measured at fair value on a non-recurring basis at the dates indicated:


	March 31, 2021
Description	Total		Level 1		Level 2		Level 3
Individually evaluated loans	$	10,188	$	—	$	—	$	10,188


	June 30, 2020
Description	Total		Level 1		Level 2		Level 3
Individually evaluated loans	$	9,168	$	—	$	—	$	9,168
REO	97		—		—		97
Total	$	9,265	$	—	$	—	$	9,265

Schedule of Quantitative Information About Level 3 Fair Value Measurements

Quantitative information about Level 3 fair value measurements during the period ended March 31, 2021 is shown in the table below:

Nonrecurring measurements:

Fair Value at March 31, 2021

Valuation
Techniques

Unobservable
Input

Range

Weighted
Average

Individually evaluated loans

10,188

Discounted appraisals and discounted cash flows

Collateral discounts
and discount spread

0% - 52%

0% - 2%

17%

Fair Value, by Balance Sheet Grouping

The stated carrying value and estimated fair value amounts of financial instruments as of March 31, 2021 and June 30, 2020, are summarized below:


	March 31, 2021
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and interest-bearing deposits	$	164,095	$	164,095	$	164,095	$	—	$	—
Commercial paper	238,445		238,445		238,445		—		—
Certificates of deposit in other banks	42,015		42,015		—		42,015		—
Securities available for sale	162,417		162,417		—		162,417		—
Loans, net	2,654,094		2,633,221		—		—		2,633,221
Loans held for sale	86,708		88,292		—		—		88,292
FHLB stock	12,152		12,152		12,152		—		—
FRB stock	7,379		7,379		7,379		—		—
SBIC investments	9,368		9,368		—		—		9,368
Accrued interest receivable	8,271		8,271		—		582		7,689
Liabilities:
Noninterest-bearing and NOW deposits	1,255,951		1,255,951		—		1,255,951		—
Money market accounts	927,519		927,519		—		927,519		—
Savings accounts	221,537		221,537		—		221,537		—
Certificates of deposit	503,471		505,865		—		505,865		—
Borrowings	275,000		291,259		—		291,259		—
Accrued interest payable	388		388		—		388		—


	June 30, 2020
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and interest-bearing deposits	$	121,622	$	121,622	$	121,622	$	—	$	—
Commercial paper	304,967		304,967		304,967		—		—
Certificates of deposit in other banks	55,689		55,689		—		55,689		—
Securities available for sale	127,537		127,537		—		127,537		—
Loans, net	2,741,047		2,692,265		—		—		2,692,265
Loans held for sale	77,177		78,129		—		—		78,129
FHLB stock	23,309		23,309		23,309		—		—
FRB stock	7,368		7,368		7,368		—		—
SBIC investments	8,269		8,269		—		—		8,269
Accrued interest receivable	12,312		12,312		208		744		11,360
Liabilities:
Noninterest-bearing and NOW deposits	1,012,200		1,012,200		—		1,012,200		—
Money market accounts	836,738		836,738		—		836,738		—
Savings accounts	197,676		197,676		—		197,676		—
Certificates of deposit	739,142		745,078		—		745,078		—
Borrowings	475,000		511,529		—		511,529		—
Accrued interest payable	1,087		1,087		—		1,087		—

Leases - Lessor, Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
Lessor, Lease, Description [Line Items]
Leased asset	$ 24,917		$ 24,917		$ 21,595
Operating lease, residual value of leased asset	15,596		15,596		12,370
Direct financing lease, interest income	638	$ 420	1,736	$ 1,121
Lease receivables	$ 56,720		$ 56,720		$ 44,927
Minimum
Lessor, Lease, Description [Line Items]
Term of contract	1 year		1 year
Maximum
Lessor, Lease, Description [Line Items]
Term of contract	5 years		5 years

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
ROU assets - noncash additions (operating leases)	$ 599	$ 5,296
ROU assets - noncash addition (finance lease)	0	2,052
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,632	1,609
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	$ 100	$ 67

Net Income per Share

9 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Net Income per Share

Net Income per ShareThe following is a reconciliation of the numerator and denominator of basic and diluted net income per share of common stock as of the dates indicated:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Numerator:
Net income	$	7,869	$	1,193	$	23,083	$	19,188
Allocation of earnings to participating securities	(72)		(11)		(209)		(167)
Numerator for basic EPS - Net income available to common stockholders	$	7,797	$	1,182	$	22,874	$	19,021
Effect of dilutive securities:
Dilutive effect to participating securities	2		2		2		6
Numerator for diluted EPS	$	7,799	$	1,184	$	22,876	$	19,027
Denominator:
Weighted-average common shares outstanding - basic	15,979,590		16,688,646		16,139,059		16,898,391
Effect of dilutive shares	506,128		569,782		200,071		625,861
Weighted-average common shares outstanding - diluted	16,485,718		17,258,428		16,339,130		17,524,252
Net income per share - basic	$	0.49	$	0.07	$	1.42	$	1.12
Net income per share - diluted	$	0.48	$	0.07	$	1.40	$	1.08

Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were 524,850 stock options that were anti-dilutive for the three and nine months ended March 31, 2021, respectively. There were 506,800 stock options that were anti-dilutive for the three and nine months ended March 31, 2020, respectively.

Loans - Schedule of Impaired Loans and Related Allowance by Segment and Class (Details) $ in Thousands	Jun. 30, 2020 USD ($)
Financing Receivable, Impaired
Unpaid principal balance	$ 46,865
Recorded investment with a recorded allowance	24,566
Recorded investment with no recorded allowance	5,663
Total	30,229
Related recorded allowance	1,708
Impaired loans not individually evaluated	15,743
Recorded allowance of impaired loans not individually evaluated	450
Commercial Loans \| Commercial real estate
Financing Receivable, Impaired
Unpaid principal balance	10,401
Recorded investment with a recorded allowance	8,062
Recorded investment with no recorded allowance	1,068
Total	9,130
Related recorded allowance	976
Commercial Loans \| Construction and development
Financing Receivable, Impaired
Unpaid principal balance	1,785
Recorded investment with a recorded allowance	818
Recorded investment with no recorded allowance	80
Total	898
Related recorded allowance	11
Commercial Loans \| Commercial and industrial
Financing Receivable, Impaired
Unpaid principal balance	9,782
Recorded investment with a recorded allowance	1,058
Recorded investment with no recorded allowance	26
Total	1,084
Related recorded allowance	34
Commercial Loans \| Equipment finance
Financing Receivable, Impaired
Unpaid principal balance	2,631
Recorded investment with a recorded allowance	303
Recorded investment with no recorded allowance	498
Total	801
Related recorded allowance	209
Retail Consumer Loans \| One-to-four family
Financing Receivable, Impaired
Unpaid principal balance	16,560
Recorded investment with a recorded allowance	10,805
Recorded investment with no recorded allowance	3,374
Total	14,179
Related recorded allowance	412
Retail Consumer Loans \| HELOCs - originated
Financing Receivable, Impaired
Unpaid principal balance	2,087
Recorded investment with a recorded allowance	1,585
Recorded investment with no recorded allowance	53
Total	1,638
Related recorded allowance	43
Retail Consumer Loans \| HELOCs - purchased
Financing Receivable, Impaired
Unpaid principal balance	662
Recorded investment with a recorded allowance	662
Recorded investment with no recorded allowance	0
Total	662
Related recorded allowance	3
Retail Consumer Loans \| Construction and land/lots
Financing Receivable, Impaired
Unpaid principal balance	1,585
Recorded investment with a recorded allowance	749
Recorded investment with no recorded allowance	296
Total	1,045
Related recorded allowance	13
Retail Consumer Loans \| Indirect auto finance
Financing Receivable, Impaired
Unpaid principal balance	1,075
Recorded investment with a recorded allowance	486
Recorded investment with no recorded allowance	241
Total	727
Related recorded allowance	5
Retail Consumer Loans \| Consumer
Financing Receivable, Impaired
Unpaid principal balance	297
Recorded investment with a recorded allowance	38
Recorded investment with no recorded allowance	27
Total	65
Related recorded allowance	$ 2

Equity Incentive Plan - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	9 Months Ended		12 Months Ended
	Jan. 17, 2013	Jun. 30, 2020	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity incentive plan name	2013 Omnibus Incentive Plan
Nonvested, number of shares (in shares)			239,750	312,500
Remaining contractual life (years)		4 years 4 months 24 days	3 years 10 months 24 days	4 years 7 months 6 days	5 years
Options outstanding (in shares)				312,500
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized			$ 1,460	$ 1,853
Compensation cost not yet recognized, period for recognition (in years)			2 years	2 years
Stock Options \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining contractual life (years)				5 years
Stock Options \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining contractual life (years)			5 years
Performance Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested (in shares)			28,852	21,625
Vesting period			3 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized, period for recognition (in years)			1 year 10 months 24 days	2 years
Compensation not yet recognized, share-based awards other than options			$ 3,196	$ 3,736
Non-vested (in shares)		144,046	147,647	148,731	123,800
Restricted Stock \| Vesting Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years	3 years
Restricted Stock \| Vesting Period Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			5 years	5 years
2013 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity incentive plan description	provides for awards of restricted stock, restricted stock units, stock options, stock appreciation rights and cash awards to directors, directors emeritus, officers, employees and advisory directors
Number of shares authorized (in shares)	2,962,400
Shares held for awards of stock options and stock appreciation rights (in shares)	2,116,000
Shares held for awards of restricted stock and restricted stock units (in shares)	846,400
Shares repurchased (in shares)						846,400
Shares repurchased, amount						$ 13,297
Shares repurchased, average cost per share (in usd per share)						$ 15.71

Loans (Tables)

9 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Loans held for sale as of the dates indicated consist of the following:


	March 31, 2021		June 30, 2020
One-to-four family	$	45,182	$	28,152
SBA	7,090		1,240
HELOCs	34,436		47,785

Total	$	86,708	$	77,177

Loans consist of the following at the dates indicated:



	March 31, 2021		June 30, 2020 (1)
Commercial loans:
Commercial real estate	$	1,088,178	$	1,052,906
Construction and development	162,820		215,934
Commercial and industrial	140,579		154,825
Equipment finance	291,950		229,239
Municipal finance	129,141		127,987
PPP	73,090		80,697
Total commercial loans	1,885,758		1,861,588
Retail consumer loans:
One-to-four family	430,001		473,693
HELOCs - originated	131,867		137,447
HELOCs - purchased	46,086		71,781
Construction and land/lots	68,118		81,859
Indirect auto finance	119,656		132,303
Consumer	8,667		10,259
Total retail consumer loans	804,395		907,342
Total loans	2,690,153		2,768,930
Deferred loan costs, net (2)	—		189
Total loans, net of deferred loan costs	2,690,153		2,769,119
Allowance for credit losses	(36,059)		(28,072)
Loans, net	$	2,654,094	$	2,741,047

___________

The following table provides a breakdown between loans identified as CDAs and non-CDAs, by segment and class, and securing collateral, as well as collateral coverage for those loans at March 31, 2021:


	Type of Collateral and Extent to Which Collateral Secures Financial Assets
	Residential Property		Investment Property		Commercial Property		Business Assets		Financial Assets Not Considered Collateral Dependent		Total

Commercial loans:
Commercial real estate	$	—	$	3,800	$	2,452	$	—	$	1,081,926	$	1,088,178
Construction and development	—		80		—		—		162,740		162,820
Commercial and industrial	—		—		—		25		140,554		140,579
Equipment finance	—		—		—		79		291,871		291,950
Municipal finance	—		—		—		—		129,141		129,141
PPP	—		—		—		—		73,090		73,090
Retail consumer loans:
One-to-four family	812		—		—		—		429,189		430,001
HELOCs - originated	—		—		—		—		131,867		131,867
HELOCs - purchased	—		—		—		—		46,086		46,086
Construction and land/lots	—		—		—		—		68,118		68,118
Indirect auto finance	—		—		—		—		119,656		119,656
Consumer	—		—		—		—		8,667		8,667
Total	$	812	$	3,880	$	2,452	$	104	$	2,682,905	$	2,690,153
Total Collateral Value	$	1,034	$	3,924	$	2,506	$	180

Financing Receivable Credit Quality Indicators

The following table presents the credit risk profile by risk grade for commercial loans by origination year:


	Term Loans By Origination Fiscal Year
March 31, 2021	2021		2020		2019		2018		2017		Prior		Revolving		Total
Commercial real estate
Risk rating:
Pass	$	134,202	$	181,796	$	142,372	$	171,079	$	161,912	$	233,191	$	33,651	$	1,058,203
Special mention	—		—		—		15,197		1,268		3,182		143		19,790
Substandard	—		—		148		628		5,416		3,987		—		10,179
Doubtful	—		—		—		—		—		—		—		—
Loss	—		6		—		—		—		—		—		6
Total commercial real estate	$	134,202	$	181,802	$	142,520	$	186,904	$	168,596	$	240,360	$	33,794	$	1,088,178

Construction and development
Risk rating:
Pass	$	9,493	$	9,101	$	6,849	$	5,415	$	1,594	$	7,331	$	119,362	$	159,145
Special mention	—		—		—		—		—		319		2,858		3,177
Substandard	—		—		—		—		—		498		—		498
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and development	$	9,493	$	9,101	$	6,849	$	5,415	$	1,594	$	8,148	$	122,220	$	162,820

Commercial and industrial
Risk rating:
Pass	$	25,006	$	16,553	$	19,337	$	11,806	$	16,399	$	11,302	$	30,287	$	130,690
Special mention	—		—		1,194		—		53		123		3,261		4,631
Substandard	33		—		300		4,824		—		99		—		5,256
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		2		—		2
Total commercial and industrial	$	25,039	$	16,553	$	20,831	$	16,630	$	16,452	$	11,526	$	33,548	$	140,579

Equipment finance
Risk rating:
Pass	$	110,595	$	113,114	$	62,000	$	5,460	$	—	$	—	$	—	$	291,169
Special mention	—		304		176		—		—		—		—		480
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		301		—		—		—		—		301
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	110,595	$	113,418	$	62,477	$	5,460	$	—	$	—	$	—	$	291,950

Municipal leases
Risk rating:
Pass	$	6,697	$	19,030	$	14,251	$	18,977	$	10,241	$	51,242	$	8,430	$	128,868
Special mention	—		—		—		—		—		273		—		273
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	6,697	$	19,030	$	14,251	$	18,977	$	10,241	$	51,515	$	8,430	$	129,141

PPP
Risk rating:
Pass	$	29,667	$	43,423	$	—	$	—	$	—	$	—	$	—	$	73,090
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total PPP	$	29,667	$	43,423	$	—	$	—	$	—	$	—	$	—	$	73,090

Total commercial loans
Risk rating:
Pass	$	315,660	$	383,017	$	244,809	$	212,737	$	190,146	$	303,066	$	191,730	$	1,841,165
Special mention	—		304		1,370		15,197		1,321		3,897		6,262		28,351
Substandard	33		—		448		5,452		5,416		4,584		—		15,933
Doubtful	—		—		301		—		—		—		—		301
Loss	—		6		—		—		—		2		—		8
Total commercial loans	$	315,693	$	383,327	$	246,928	$	233,386	$	196,883	$	311,549	$	197,992	$	1,885,758

The following table presents the credit risk profile by risk grade for consumer loans by origination year:


	Term Loans By Origination Fiscal Year
March 31, 2021	2021			2020		2019		2018		2017		Prior		Revolving		Total
One-to-four family
Risk rating:
Pass	$	60,542		$	58,360	$	56,263	$	45,972	$	40,624	$	156,075	$	2,495	$	420,331
Special mention	—			—		—		—		28		1,402		—		1,430
Substandard	248			988		—		218		89		6,177		—		7,720
Doubtful	—			—		—		—		—		195		—		195
Loss	—			—		—		—		—		325		—		325
Total one-to-four family	$	60,790		$	59,348	$	56,263	$	46,190	$	40,741	$	164,174	$	2,495	$	430,001

HELOCs - originated
Risk rating:
Pass	$	2,386		$	978	$	1,440	$	192	$	768	$	9,686	$	114,870	$	130,320
Special mention	—			—		—		—		—		273		—		273
Substandard	—			—		—		—		38		1,112		124		1,274
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total HELOCs - originated	$	2,386		$	978	$	1,440	$	192	$	806	$	11,071	$	114,994	$	131,867

HELOCs - purchased
Risk rating:
Pass	$	—		$	—	$	—	$	—	$	—	$	—	$	46,086	$	46,086
Special mention	—			—		—		—		—		—		—		—
Substandard	—			—		—		—		—		—		—		—
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total HELOCs - purchased	$	—		$	—	$	—	$	—	$	—	$	—	$	46,086	$	46,086

Construction and land/lots
Risk rating:
Pass	$	3,122		$	13,305	$	4,212	$	527	$	—	$	4,438	$	41,995	$	67,599
Special mention	—			—		—		—		—		—		—		—
Substandard	—			—		—		98		—		421		—		519
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total construction and land/lots	$	3,122		$	13,305	$	4,212	$	625	$	—	$	4,859	$	41,995	$	68,118

Indirect auto finance
Risk rating:
Pass	$	33,168		$	31,016	$	18,993	$	22,467	$	9,539	$	3,087	$	—	$	118,270
Special mention	—		0	—		—		—		—		—		—		—
Substandard	56			371		249		376		207		123		—		1,382
Doubtful	—			—		—		—		—		—		—		—
Loss	2			1		1		—		—		—		—		4
Total indirect auto finance	$	33,226		$	31,388	$	19,243	$	22,843	$	9,746	$	3,210	$	—	$	119,656

Total consumer loans
Risk rating:
Pass	$	1,049		$	1,079	$	5,583	$	321	$	109	$	95	$	370	$	8,606
Special mention	—			—		—		—		—		—		—		—
Substandard	—			16		4		7		—		4		29		60
Doubtful	—			—		—		—		—		—		—		—
Loss	—			1		—		—		—		—		—		1
Total consumer loans	$	1,049		$	1,096	$	5,587	$	328	$	109	$	99	$	399	$	8,667

Total retail consumer loans
Risk rating:
Pass	$	100,267		$	104,738	$	86,491	$	69,479	$	51,040	$	173,381	$	205,816	$	791,212
Special mention	—			—		—		—		28		1,675		—		1,703
Substandard	304			1,375		253		699		334		7,837		153		10,955
Doubtful	—			—		—		—		—		195		—		195
Loss	2			2		1		—		—		325		—		330
Total retail consumer loans	$	100,573		$	106,115	$	86,745	$	70,178	$	51,402	$	183,413	$	205,969	$	804,395

The following table presents the credit risk profile by risk grade for total non-purchased and purchased performing consumer and commercial loans, prior to the adoption of ASU 2016-13:


	Pass		Special Mention		Substandard		Doubtful		Loss		Total
June 30, 2020
Commercial loans:
Commercial real estate	$	1,028,709	$	7,580	$	10,779	$	—	$	16	$	1,047,084
Construction and development	212,370		2,723		250		1		—		215,344
Commercial and industrial	130,202		20,439		2,622		—		—		153,263
Equipment finance	228,288		150		801		—		—		229,239
Municipal finance	127,706		281		—		—		—		127,987
PPP	80,697		—		—		—		—		80,697
Retail consumer loans:
One-to-four family	458,248		1,724		9,042		206		—		469,220
HELOCs - originated	134,697		902		1,848		—		—		137,447
HELOCs - purchased	71,119		—		662		—		—		71,781
Construction and land/lots	81,112		—		402		—		—		81,514
Indirect auto finance	130,975		—		1,328		—		—		132,303
Consumer	9,894		4		361		—		—		10,259
Total loans	$	2,694,017	$	33,803	$	28,095	$	207	$	16	$	2,756,138

The following table presents the credit risk profile by risk grade for PCI consumer and commercial loans, prior to the adoption of ASU 2016-13:


	Pass		Special Mention		Substandard		Doubtful		Loss		Total
June 30, 2020
Commercial loans:
Commercial real estate	$	3,181	$	1,742	$	899	$	—	$	—	$	5,822
Construction and development	271		—		319		—		—		590
Commercial and industrial	1,556		—		3		—		3		1,562
Retail consumer loans:
One-to-four family	2,994		465		1,014		—		—		4,473


Construction and land/lots	108		—		237		—		—		345



Total loans	$	8,110	$	2,207	$	2,472	$	—	$	3	$	12,792

Past Due Financing Receivables

The following table presents an aging analysis of past due loans (includes nonaccrual loans) by segment and class:



	Past Due								Total
	30-89 Days		90 Days+		Total		Current		Loans
March 31, 2021
Commercial loans:
Commercial real estate	$	—	$	1,863	$	1,863	$	1,086,315	$	1,088,178
Construction and development	—		37		37		162,783		162,820
Commercial and industrial	12		22		34		140,545		140,579
Equipment finance	—		328		328		291,622		291,950
Municipal finance	—		—		—		129,141		129,141
PPP	—		—		—		73,090		73,090
Retail consumer loans:
One-to-four family	824		2,046		2,870		427,131		430,001
HELOCs - originated	32		78		110		131,757		131,867
HELOCs - purchased	50		97		147		45,939		46,086
Construction and land/lots	—		—		—		68,118		68,118
Indirect auto finance	385		362		747		118,909		119,656
Consumer	271		27		298		8,369		8,667
Total loans	$	1,574	$	4,860	$	6,434	$	2,683,719	$	2,690,153

The following table presents an aging analysis of past due loans by segment and class, prior to the adoption of ASU 2016-13:


	Past Due								Total
	30-89 Days		90 Days+		Total		Current		Loans
June 30, 2020
Commercial loans:
Commercial real estate	$	4,528	$	2,892	$	7,420	$	1,045,486	$	1,052,906
Construction and development	293		341		634		215,300		215,934
Commercial and industrial	—		91		91		154,734		154,825
Equipment finance	303		498		801		228,438		229,239
Municipal finance	—		—		—		127,987		127,987
PPP	—		—		—		80,697		80,697
Retail consumer loans:
One-to-four family	1,679		3,147		4,826		468,867		473,693
HELOCs - originated	442		310		752		136,695		137,447
HELOCs - purchased	214		47		261		71,520		71,781
Construction and land/lots	—		252		252		81,607		81,859
Indirect auto finance	756		285		1,041		131,262		132,303
Consumer	30		25		55		10,204		10,259
Total loans	$	8,245	$	7,888	$	16,133	$	2,752,797	$	2,768,930

Schedule of Past Due Loans Still Accruing and Nonaccruing Interest


	March 31, 2021		June 30, 2020		90 Days + & still accruing as of March 31, 2021		Nonaccrual with no allowance as of March 31, 2021		Interest income recognized
Commercial loans:
Commercial real estate	$	7,764	$	8,869	$	—	$	4,369	$	371
Construction and development	498		465		—		80		53
Commercial and industrial	59		259		—		22		68
Equipment finance	310		801		—		291		104
Municipal finance	—		—		—		—		—
Retail consumer loans:
One-to-four family	3,132		3,582		—		812		161
HELOCs - originated	253		531		—		—		36
HELOCs - purchased	245		662		—		—		39
Construction and land/lots	22		37		—		—		—
Indirect auto finance	642		668		—		—		66
Consumer	300		49		—		—		7






Total loans	$	13,225	$	15,923	$	—	$	5,574	$	905

Schedule of Troubled Debt Restructurings Performing and Excluded from Nonaccruing Loans

The Company’s loans that were performing under the payment terms of TDRs that were excluded from nonaccruing loans above at the dates

indicated follows:


	March 31, 2021		June 30, 2020
Performing TDRs	$	11,941	$	13,153

Breakdown of Provision (Benefit) for Credit Losses

The following table presents a breakdown of the provision (benefit) for credit losses included in our Consolidated Statements of Income:


	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2021		2020		2021		2020
Provision (benefit) for credit losses:
Loans	$	(3,970)	$	5,400	$	(6,370)	$	5,800
Off-balance-sheet credit exposure	(130)		—		10		—
Commercial paper	—		—		180		—
Total provision (benefit) for credit losses	$	(4,100)	$	5,400	$	(6,180)	$	5,800

Allowance for Credit Losses on Financing Receivables

The following table presents an analysis of the ACL on loans by segment:


	Three Months Ended						Nine Months Ended
	March 31, 2021						March 31, 2021
	Commercial		Retail Consumer		Total		Commercial		Retail Consumer		Total
Balance at beginning of period	$	24,899	$	14,945	$	39,844	$	21,116	$	6,956	$	28,072
Impact of adoption ASU 2016-13	—		—		—		4,073		10,736		14,809
Provision (benefit) for credit losses	(1,750)		(2,220)		(3,970)		(1,750)		(4,620)		(6,370)
Charge-offs	(107)		(318)		(425)		(1,510)		(1,253)		(2,763)
Recoveries	356		254		610		1,469		842		2,311
Net recoveries (charge-offs)	249		(64)		185		(41)		(411)		(452)
Balance at end of period	$	23,398	$	12,661	$	36,059	$	23,398	$	12,661	$	36,059

The following table presents an analysis of the allowance for loan losses by segment, prior to the adoption of ASU 2016-13:


	Three Months Ended								Nine Months Ended
	March 31, 2020								March 31, 2020
	PCI		Commercial		Retail Consumer		Total		PCI		Commercial		Retail Consumer		Total
Balance at beginning of period	$	152	$	16,479	$	5,400	$	22,031	$	201	$	14,809	$	6,419	$	21,429
Provision for (recovery of) loan losses	30		3,851		1,519		5,400		(19)		5,899		(80)		5,800
Charge-offs	—		(706)		(295)		(1,001)		—		(1,448)		(678)		(2,126)
Recoveries	—		61		359		420		—		425		1,322		1,747
Balance at end of period	$	182	$	19,685	$	6,983	$	26,850	$	182	$	19,685	$	6,983	$	26,850

Schedule of Ending Balances of Loans and the Related Allowance by Segment and Class

The following table presents ending balances of loans and the related ACL, by segment and class:


	Allowance for Credit Losses						Total Loans Receivable
	Loans individually evaluated		Loans collectively evaluated		Total		Loans individually evaluated		Loans collectively evaluated		Total
March 31, 2021
Commercial loans:
Commercial real estate	$	83	$	12,184	$	12,267	$	6,252	$	1,081,926	$	1,088,178
Construction and development	—		1,837		1,837		8		162,812		162,820
Commercial and industrial	—		2,645		2,645		780		139,799		140,579
Equipment finance	7		6,196		6,203		364		291,586		291,950
Municipal finance	—		446		446		—		129,141		129,141
PPP	—		—		—		—		73,090		73,090
Retail consumer loans:
One-to-four family	6		6,550		6,556		2,323		427,678		430,001
HELOCs - originated	—		1,591		1,591		—		131,867		131,867
HELOCs - purchased	—		556		556		—		46,086		46,086
Construction and land/lots	—		1,006		1,006		—		68,118		68,118
Indirect auto finance	—		2,745		2,745		—		119,656		119,656
Consumer	—		207		207		—		8,667		8,667
Total	$	96	$	35,963	$	36,059	$	9,727	$	2,680,426	$	2,690,153

The following table presents ending balances of loans and the related allowance, by segment and class, prior to the adoption of ASU 2016-13:


	Allowance for Loan Losses								Total Loans Receivable
	PCI		Loans individually evaluated for impairment		Loans collectively evaluated		Total		PCI		Loans individually evaluated for impairment		Loans collectively evaluated		Total
June 30, 2020
Commercial loans:
Commercial real estate	$	113	$	961	$	10,731	$	11,805	$	5,822	$	7,924	$	1,039,160	$	1,052,906
Construction and development	4		5		3,599		3,608		590		299		215,045		215,934
Commercial and industrial	15		31		2,153		2,199		1,562		852		152,411		154,825
Equipment finance	—		209		2,598		2,807		—		801		228,438		229,239
Municipal finance	—		—		697		697		—		—		127,987		127,987
PPP	—		—		—		—		—		—		80,697		80,697
Retail consumer loans:
One-to-four family	17		52		2,400		2,469		4,473		4,304		464,916		473,693
HELOCs - originated	—		—		1,344		1,344		—		—		137,447		137,447
HELOCs - purchased	—		—		430		430		—		—		71,781		71,781
Construction and land/lots	33		—		1,409		1,442		345		296		81,218		81,859
Indirect auto finance	—		—		1,136		1,136		—		10		132,293		132,303
Consumer	—		—		135		135		—		—		10,259		10,259
Total	$	182	$	1,258	$	26,632	$	28,072	$	12,792	$	14,486	$	2,741,652	$	2,768,930

Schedule of Impaired Loans and Related Allowance by Segment and Class

The following table presents impaired loans and the related allowance, by segment and class, excluding PCI loans, prior to the adoption of ASU 2016-13:


	Total Impaired Loans
	Unpaid Principal Balance		Recorded Investment With a Recorded Allowance		Recorded Investment With No Recorded Allowance		Total		Related Recorded Allowance















June 30, 2020
Commercial loans:
Commercial real estate	$	10,401	$	8,062	$	1,068	$	9,130	$	976
Construction and development	1,785		818		80		898		11
Commercial and industrial	9,782		1,058		26		1,084		34
Equipment finance	2,631		303		498		801		209
Retail consumer loans:
One-to-four family	16,560		10,805		3,374		14,179		412
HELOCs - originated	2,087		1,585		53		1,638		43
HELOCs - purchased	662		662		—		662		3
Construction and land/lots	1,585		749		296		1,045		13
Indirect auto finance	1,075		486		241		727		5
Consumer	297		38		27		65		2

Total impaired loans	$	46,865	$	24,566	$	5,663	$	30,229	$	1,708

Schedule of Average Recorded Investment in Loans, Unpaid Principal Balance and Interest Income Recognized

The following table presents average recorded investments in impaired loans and interest income recognized on impaired loans, prior to the adoption of ASU 2016-13:


	Three Months Ended				Nine Months Ended
	March 31, 2020				March 31, 2020
	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Commercial loans:
Commercial real estate	$	8,728	$	59	$	8,496	$	237
Construction and development	712		10		1,323		36
Commercial and industrial	1,119		11		812		103
Equipment finance	727		3		664		6
Retail consumer loans:
One-to-four family	14,189		175		14,861		560
HELOCs - originated	1,724		23		1,706		76
HELOCs - purchased	474		30		524		37
Construction and land/lots	1,091		19		1,174		63
Indirect auto finance	625		8		506		42
Consumer	53		3		229		9

Total loans	$	29,442	$	341	$	30,295	$	1,169

Impaired Financing Receivable

The following table presents a summary of changes in the accretable yield for PCI loans, prior to the adoption of ASU 2016-13:


	Three Months Ended		Nine Months Ended
	March 31, 2020		March 31, 2020
Accretable yield, beginning of period	$	4,355	$	5,259
Reclass from nonaccretable yield (1)	171		421
Other changes, net (2)	(23)		(332)
Interest income	(378)		(1,223)
Accretable yield, end of period	$	4,125	$	4,125

______________________________________

(1) Represents changes attributable to expected loss assumptions.

(2) Represents changes in cash flows expected to be collected due to the impact of modifications, changes in prepayment assumptions, and changes in interest rates.

Troubled Debt Restructurings on Financing Receivables

For the three and nine months ended March 31, 2021 and 2020, the following table presents a breakdown of the types of concessions made on TDRs by loan class:



	Three Months Ended March 31, 2021					Three Months Ended March 31, 2020
	Number of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment		Number of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment



















Commercial:
Commercial real estate	—	$	—	$	—	1	$	30	$	30



Retail consumer:
One-to-four family	2	212		212		2	319		317
HELOCs - originated	2	53		74		—	—		—

Indirect auto finance	3	28		32		—	—		—
Consumer	—	—		—		—	—		—
Total	7	$	293	$	318	3	$	349	$	347


	Nine Months Ended March 31, 2021					Nine Months Ended March 31, 2020
	Number of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment		Number of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment
Below market interest rate:
Commercial:
Commercial real estate	—	$	—	$	—	1	$	88	$	87




Total	—	—		—		1	88		87
Extended payment terms:
Commercial:

Commercial and industrial	—	—		—		1	826		826
Retail consumer:
One-to-four family	—	—		—		2	70		67



Total	—	—		—		3	896		893
Other TDRs:
Commercial:
Commercial real estate	—	—		—		1	30		30
Construction and development	—	—		—		1	182		79
Commercial and industrial	1	4,408		4,407		—	—		—
Retail consumer:
One-to-four family	4	269		261		4	353		348
HELOCs - originated	2	53		74		—	—		—
Construction and land/lots	1	225		219		—	—		—
Indirect auto finance	11	150		110		4	68		57

Total	19	$	5,105	$	5,071	10	$	633	$	514
Total	19	$	5,105	$	5,071	14	$	1,617	$	1,494

Schedule of Trouble Debt Restructurings With Payment Default

The following table presents loans that were modified as TDRs within the previous 12 months and for which there was a payment default during the three and nine months ended March 31, 2021 and 2020:



	Three Months Ended March 31, 2021			Three Months Ended March 31, 2020
	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment








Other TDRs:
Retail consumer:


Indirect auto finance	1	$	1	—	$	—





Total	1	$	1	—	$	—


	Nine Months Ended March 31, 2021			Nine Months Ended March 31, 2020
	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment









Other TDRs:
Retail consumer:
One-to-four family	—	$	—	2	$	49

Indirect auto finance	2	26		—	—







Total	2	$	26	2	$	49

Financing Receivable, Payment Deferral

The breakout of loans deferred by loan type as of the dates indicated is as follows:


Principal and Interest Payment Deferrals by Loan Types (1) (2)

	March 31, 2021				June 30, 2020
	Deferral		Percent of Total Loan Portfolio			Deferral		Percent of Total Loan Portfolio
Lodging	$	—	—	%		$	108,171	4.0	%
Other commercial real estate, construction and development, and commercial and industrial	2,193		0.1			367,443		13.7
Equipment finance	2,382		0.1			33,693		1.3
One-to-four family	—		—			36,821		1.4
Other consumer loans	1,182		—			5,203		0.2
Total	$	5,757	0.2	%		$	551,331	20.6	%

__________________________

(1) Modified loans are not included in classified assets or nonperforming assets.

(2) Principal and interest is being deferred

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Operating lease cost (included in occupancy expense)	$ 444	$ 436	$ 1,335	$ 1,368
Total operating lease expense, net	(47)	(61)	(169)	(181)
Total operating lease expense, net	$ 397	$ 375	$ 1,166	$ 1,187

Fair Value of Financial Instruments

9 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

The Company utilizes fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. The fair value of financial instruments presented in this note are based on the same methodology as presented in "Note 21 – Fair Value of Financial Instruments" of the Notes to Consolidated Financial Statements contained in the Company’s 2020 Form 10-K.

Fair Value Hierarchy

The Company groups assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are:

Level 1: Valuation is based upon quoted prices for identical instruments traded in active markets.

Level 2: Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market.

Level 3: Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques.

Following is a description of valuation methodologies used for assets recorded at fair value. The Company does not have any liabilities recorded at fair value.

Investment Securities Available for Sale

Securities available for sale are valued on a recurring basis at quoted market prices where available. If quoted market prices are not available, fair values are based on quoted prices of comparable securities. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange or U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities and debentures issued by government sponsored enterprises, municipal bonds, and corporate debt securities. The Company has no Level 3 securities.

Loans Held for Sale

Loans held for sale are adjusted to lower of cost or fair value. Fair value is based on commitments on hand from investors or, if commitments have not yet been obtained, what investors are currently offering for loans with similar characteristics. The Company considers all loans held for sale carried at fair value as nonrecurring Level 3.

Individually Evaluated Loans

The Company does not record loans at fair value on a recurring basis. From time to time, however, a loan is individually evaluated and an allowance for credit loss is established. Loans for which it is probable that payment of principal and interest will not be made in accordance with the contractual terms of the loan agreement are individually evaluated. Once a loan is identified, the fair value is estimated using one of two ways, which include collateral value and discounted cash flows. The Company reviews all individually evaluated loans each quarter to determine if an allowance is necessary. Those individually evaluated loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans.

Loans are considered collateral dependent if repayment is expected solely from the collateral. For these collateral dependent loans, the Company obtains updated appraisals at least annually. These appraisals are reviewed for appropriateness and then discounted for estimated closing costs to determine if an allowance is necessary. As part of the quarterly review of individually evaluated loans, the Company reviews these appraisals to determine if any additional discounts to the fair value are necessary. If a current appraisal is not obtained, the Company determines whether a discount is needed to the value from the original appraisal based on the decline in value of similar properties with recent appraisals. For loans that are not collateral dependent, estimated fair value is based on the present value of expected future cash flows using the interest rate implicit in the original agreement. Individually evaluated loans where a charge-off has occurred or an allowance is established during the period being reported require classification in the fair value hierarchy. The Company records such loans as a nonrecurring Level 3 in the fair value hierarchy.

Real Estate Owned

REO is considered held for sale and is adjusted to fair value less estimated selling costs upon transfer of the loan to foreclosed assets. Fair value is based upon independent market prices, appraised value of the collateral or management's estimation of the value of the collateral. The Company considers all REO that has been charged off or received an allowance during the period as nonrecurring Level 3.

Financial Assets Recorded at Fair Value on a Recurring Basis

The following table presents financial assets measured at fair value on a recurring basis at the dates indicated:


	March 31, 2021
Description	Total		Level 1		Level 2		Level 3
U.S government agencies	$	19,108	$	—	$	19,108	$	—
Residential MBS of U.S. government agencies and GSEs	42,237		—		42,237		—
Municipal bonds	9,600		—		9,600		—
Corporate bonds	91,472		—		91,472		—

Total	$	162,417	$	—	$	162,417	$	—


	June 30, 2020
Description	Total		Level 1		Level 2		Level 3
U.S government agencies	$	4,173	$	—	$	4,173	$	—
Residential MBS of U.S. government agencies and GSEs	48,355		—		48,355		—
Municipal bonds	16,631		—		16,631		—
Corporate bonds	58,378		—		58,378		—

Total	$	127,537	$	—	$	127,537	$	—

There were no transfers between levels during the nine months ended March 31, 2021.

The following table presents financial assets measured at fair value on a non-recurring basis at the dates indicated:


	March 31, 2021
Description	Total		Level 1		Level 2		Level 3
Individually evaluated loans	$	10,188	$	—	$	—	$	10,188


	June 30, 2020
Description	Total		Level 1		Level 2		Level 3
Individually evaluated loans	$	9,168	$	—	$	—	$	9,168
REO	97		—		—		97
Total	$	9,265	$	—	$	—	$	9,265

Quantitative information about Level 3 fair value measurements during the period ended March 31, 2021 is shown in the table below:

Nonrecurring measurements:

Fair Value at March 31, 2021

Valuation
Techniques

Unobservable
Input

Range

Weighted
Average

Individually evaluated loans

10,188

Discounted appraisals and discounted cash flows

Collateral discounts
and discount spread

0% - 52%

0% - 2%

17%

The stated carrying value and estimated fair value amounts of financial instruments as of March 31, 2021 and June 30, 2020, are summarized below:


	March 31, 2021
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and interest-bearing deposits	$	164,095	$	164,095	$	164,095	$	—	$	—
Commercial paper	238,445		238,445		238,445		—		—
Certificates of deposit in other banks	42,015		42,015		—		42,015		—
Securities available for sale	162,417		162,417		—		162,417		—
Loans, net	2,654,094		2,633,221		—		—		2,633,221
Loans held for sale	86,708		88,292		—		—		88,292
FHLB stock	12,152		12,152		12,152		—		—
FRB stock	7,379		7,379		7,379		—		—
SBIC investments	9,368		9,368		—		—		9,368
Accrued interest receivable	8,271		8,271		—		582		7,689
Liabilities:
Noninterest-bearing and NOW deposits	1,255,951		1,255,951		—		1,255,951		—
Money market accounts	927,519		927,519		—		927,519		—
Savings accounts	221,537		221,537		—		221,537		—
Certificates of deposit	503,471		505,865		—		505,865		—
Borrowings	275,000		291,259		—		291,259		—
Accrued interest payable	388		388		—		388		—


	June 30, 2020
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and interest-bearing deposits	$	121,622	$	121,622	$	121,622	$	—	$	—
Commercial paper	304,967		304,967		304,967		—		—
Certificates of deposit in other banks	55,689		55,689		—		55,689		—
Securities available for sale	127,537		127,537		—		127,537		—
Loans, net	2,741,047		2,692,265		—		—		2,692,265
Loans held for sale	77,177		78,129		—		—		78,129
FHLB stock	23,309		23,309		23,309		—		—
FRB stock	7,368		7,368		7,368		—		—
SBIC investments	8,269		8,269		—		—		8,269
Accrued interest receivable	12,312		12,312		208		744		11,360
Liabilities:
Noninterest-bearing and NOW deposits	1,012,200		1,012,200		—		1,012,200		—
Money market accounts	836,738		836,738		—		836,738		—
Savings accounts	197,676		197,676		—		197,676		—
Certificates of deposit	739,142		745,078		—		745,078		—
Borrowings	475,000		511,529		—		511,529		—
Accrued interest payable	1,087		1,087		—		1,087		—

The Company had off-balance sheet financial commitments, which included approximately $920,221 and $598,136 of commitments to originate loans, undisbursed portions of interim construction loans, and unused lines of credit at March 31, 2021 and June 30, 2020, respectively (see "Note 10 – Commitments and Contingencies"). Since these commitments are based on current rates, the carrying amount approximates the fair value.

Estimated fair values were determined using the following methods and assumptions:

Cash and interest-bearing deposits – The stated amounts approximate fair values as maturities are less than 90 days.

Commercial paper – The stated amounts approximate fair value due to the short-term nature of these investments.

Certificates of deposit in other banks – The stated amounts approximate fair values.

Securities available for sale – Fair values are based on quoted market prices where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments.

Loans held for sale – The fair value of mortgage loans held for sale is determined by outstanding commitments from investors on a "best efforts" basis or current investor yield requirements, calculated on the aggregate loan basis. The fair value of SBA loans and HELOCs held for sale is based on what investors are currently offering for loans with similar characteristics.

Loans, net – Fair values for loans are estimated by segregating the portfolio by type of loan and discounting scheduled cash flows using current market interest rates for loans with similar terms and credit quality. A prepayment assumption is used as an estimate of the portion of loans that will be repaid prior to their scheduled maturity. A liquidity premium assumption is used as an estimate for the additional return required by an investor of assets that are potentially considered illiquid.

FHLB and FRB stock – No ready market exists for these stocks and they have no quoted market value. However, redemptions of these securities have historically been at par value. Accordingly, cost is deemed to be a reasonable estimate of fair value.

SBIC investments – No ready market exists for these investments and they have no quoted market value. SBIC investments are valued at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions of identical or similar investments. Accordingly, cost is deemed to be a reasonable estimate of fair value.

Deposits – Fair values for demand deposits, money market accounts, and savings accounts are the amounts payable on demand. The fair value of certificates of deposit is estimated by discounting the contractual cash flows using current market interest rates for accounts with similar maturities.

Borrowings – The fair value of advances from the FHLB is estimated based on current rates for borrowings with similar terms.

Accrued interest receivable and payable – The stated amounts of accrued interest receivable and payable approximate the fair value.

Limitations – Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company's entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company's financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.

Fair value estimates are based on existing on-and-off balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. For example, a significant asset not considered a financial asset is premises and equipment. In addition, tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in any of the estimates.

Loans Held For Sale (Tables)

9 Months Ended

Mar. 31, 2021

Receivables [Abstract]

Schedule of Loans Held for Sale

Loans held for sale as of the dates indicated consist of the following:


	March 31, 2021		June 30, 2020
One-to-four family	$	45,182	$	28,152
SBA	7,090		1,240
HELOCs	34,436		47,785

Total	$	86,708	$	77,177

Loans consist of the following at the dates indicated:



	March 31, 2021		June 30, 2020 (1)
Commercial loans:
Commercial real estate	$	1,088,178	$	1,052,906
Construction and development	162,820		215,934
Commercial and industrial	140,579		154,825
Equipment finance	291,950		229,239
Municipal finance	129,141		127,987
PPP	73,090		80,697
Total commercial loans	1,885,758		1,861,588
Retail consumer loans:
One-to-four family	430,001		473,693
HELOCs - originated	131,867		137,447
HELOCs - purchased	46,086		71,781
Construction and land/lots	68,118		81,859
Indirect auto finance	119,656		132,303
Consumer	8,667		10,259
Total retail consumer loans	804,395		907,342
Total loans	2,690,153		2,768,930
Deferred loan costs, net (2)	—		189
Total loans, net of deferred loan costs	2,690,153		2,769,119
Allowance for credit losses	(36,059)		(28,072)
Loans, net	$	2,654,094	$	2,741,047

___________


	Type of Collateral and Extent to Which Collateral Secures Financial Assets
	Residential Property		Investment Property		Commercial Property		Business Assets		Financial Assets Not Considered Collateral Dependent		Total

Commercial loans:
Commercial real estate	$	—	$	3,800	$	2,452	$	—	$	1,081,926	$	1,088,178
Construction and development	—		80		—		—		162,740		162,820
Commercial and industrial	—		—		—		25		140,554		140,579
Equipment finance	—		—		—		79		291,871		291,950
Municipal finance	—		—		—		—		129,141		129,141
PPP	—		—		—		—		73,090		73,090
Retail consumer loans:
One-to-four family	812		—		—		—		429,189		430,001
HELOCs - originated	—		—		—		—		131,867		131,867
HELOCs - purchased	—		—		—		—		46,086		46,086
Construction and land/lots	—		—		—		—		68,118		68,118
Indirect auto finance	—		—		—		—		119,656		119,656
Consumer	—		—		—		—		8,667		8,667
Total	$	812	$	3,880	$	2,452	$	104	$	2,682,905	$	2,690,153
Total Collateral Value	$	1,034	$	3,924	$	2,506	$	180

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Interest and Dividend Income
Loans	$ 27,629	$ 29,781	$ 84,564	$ 94,166
Commercial paper and interest-bearing deposits	611	1,794	2,106	5,959
Securities available for sale	496	912	1,528	2,901
Other investments	585	550	1,729	2,154
Total interest and dividend income	29,321	33,037	89,927	105,180
Interest Expense
Deposits	1,996	5,971	7,596	18,145
Borrowings	1,632	1,757	5,007	7,619
Total interest expense	3,628	7,728	12,603	25,764
Net Interest Income	25,693	25,309	77,324	79,416
Total provision (benefit) for credit losses	(4,100)	5,400	(6,180)	5,800
Net Interest Income after Provision (Benefit) for Credit Losses	29,793	19,909	83,504	73,616
Noninterest Income
Service charges and fees on deposit accounts	2,194	2,304	6,707	7,352
Loan income and fees	636	294	1,679	2,047
Gain on sale of loans held for sale	4,881	1,503	11,929	7,577
BOLI income	508	518	1,551	1,724
Other, net	2,459	1,756	6,795	4,409
Total noninterest income	10,678	6,375	28,661	23,109
Noninterest Expense
Salaries and employee benefits	15,784	14,455	46,691	42,537
Net occupancy expense	2,456	2,246	7,010	6,972
Computer services	2,581	2,023	7,108	6,032
Telephone, postage, and supplies	812	862	2,345	2,462
Marketing and advertising	319	396	971	1,716
Deposit insurance premiums	363	462	1,361	474
Loss (gain) on sale and impairment of REO	(14)	(15)	(49)	88
REO expense	98	250	511	746
Core deposit intangible amortization	165	334	605	1,118
Prepayment penalty on borrowings	3,656	0	3,656	0
Other	4,286	3,890	12,740	10,332
Total noninterest expense	30,506	24,903	82,949	72,477
Income Before Income Taxes	9,965	1,381	29,216	24,248
Income Tax Expense	2,096	188	6,133	5,060
Net Income	$ 7,869	$ 1,193	$ 23,083	$ 19,188
Net income per common share:
Basic (in dollars per share)	$ 0.49	$ 0.07	$ 1.42	$ 1.12
Diluted (in dollars per share)	$ 0.48	$ 0.07	$ 1.40	$ 1.08
Average shares outstanding:
Basic (in shares)	15,979,590	16,688,646	16,139,059	16,898,391
Diluted (in shares)	16,485,718	17,258,428	16,339,130	17,524,252

Equity Incentive Plan Equity Incentive Plan - Share Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-based compensation expense	$ 489	$ 458	$ 1,449	$ 1,341
Share-based compensation expense, tax related benefit	$ 115	$ 108	$ 341	$ 315

Loans - Schedule of Troubled Debt Restructurings With Payment Default (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021 USD ($) loan	Mar. 31, 2020 USD ($) loan	Mar. 31, 2021 USD ($) loan	Mar. 31, 2020 USD ($) loan
Financing Receivable, Modifications
Number of loans \| loan	1	0	2	2
Recorded investment \| $	$ 1	$ 0	$ 26	$ 49
Retail Consumer Loans \| Other TDR \| One-to-four family
Financing Receivable, Modifications
Number of loans \| loan			0	2
Recorded investment \| $			$ 0	$ 49
Retail Consumer Loans \| Other TDR \| Indirect auto finance
Financing Receivable, Modifications
Number of loans \| loan	1	0	2	0
Recorded investment \| $	$ 1	$ 0	$ 26	$ 0

Leases - Supplement Balance Sheet (Details) $ in Thousands	3 Months Ended	9 Months Ended
Leases - Supplement Balance Sheet (Details) $ in Thousands	Mar. 31, 2021 USD ($) lease	Mar. 31, 2021 USD ($) lease	Mar. 31, 2020 USD ($)	Jun. 30, 2020 USD ($)
Leases [Abstract]
Renewal term (in years)	15 years	15 years
Number of leases not yet commenced for which ROU asset and lease liability have been created \| lease	1	1
ROU assets	$ 6,208	$ 6,208		$ 4,601
Lease liabilities	$ 6,227	$ 6,227		$ 4,590
Weighted-average remaining lease terms (years)	4 years 4 months 20 days	4 years 4 months 20 days		5 years 7 days
Weighted-average discount rate	2.82%	2.82%		2.97%
Finance lease, right-of-use asset	$ 2,052	$ 2,052		$ 2,052
Finance lease, liability	1,813	1,813		$ 1,843
Finance lease, interest expense	$ 24	$ 73	$ 71
Finance lease, discount rate	5.18%	5.18%

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Statement of Stockholders' Equity [Abstract]
Common stock, dividends, declared (in dollars per share)	$ 80.00	$ 70.00	$ 230	$ 200

Loans - Breakdown of Provision (Benefit) For Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Provision (benefit) for credit losses:
Loans	$ (3,970)	$ 5,400	$ (6,370)	$ 5,800
Off-balance-sheet credit exposure	(130)	0	10	0
Commercial paper	0	0	180	0
Total provision (benefit) for credit losses	$ (4,100)	$ 5,400	$ (6,180)	$ 5,800

Loans - Financing Receivable Credit Quality Indicators, After Adoption of ASU 2016-13 (Details) - USD ($)
$ in Thousands

Mar. 31, 2021

Jun. 30, 2020

^[1]

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

$ 2,690,153

$ 2,769,119

Commercial Loans

Financing Receivable, Recorded Investment

315,693

383,327

246,928

233,386

196,883

311,549

197,992

Total loans, net of deferred loan costs

1,885,758

Commercial Loans | PPP

Financing Receivable, Recorded Investment

29,667

43,423

Total loans, net of deferred loan costs

73,090

Commercial Loans | Pass

Financing Receivable, Recorded Investment

315,660

383,017

244,809

212,737

190,146

303,066

191,730

Total loans, net of deferred loan costs

1,841,165

Commercial Loans | Pass | PPP

Financing Receivable, Recorded Investment

29,667

43,423

Total loans, net of deferred loan costs

73,090

Commercial Loans | Special Mention

Financing Receivable, Recorded Investment

304

1,370

15,197

1,321

3,897

6,262

Total loans, net of deferred loan costs

28,351

Commercial Loans | Special Mention | PPP

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Substandard

Financing Receivable, Recorded Investment

448

5,452

5,416

4,584

Total loans, net of deferred loan costs

15,933

Commercial Loans | Substandard | PPP

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Doubtful

Financing Receivable, Recorded Investment

301

Total loans, net of deferred loan costs

301

Commercial Loans | Doubtful | PPP

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Loss

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Loss | PPP

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Commercial real estate

Financing Receivable, Recorded Investment

134,202

181,802

142,520

186,904

168,596

240,360

33,794

Total loans, net of deferred loan costs

1,088,178

Commercial Loans | Commercial real estate | Pass

Financing Receivable, Recorded Investment

134,202

181,796

142,372

171,079

161,912

233,191

33,651

Total loans, net of deferred loan costs

1,058,203

Commercial Loans | Commercial real estate | Special Mention

Financing Receivable, Recorded Investment

15,197

1,268

3,182

143

Total loans, net of deferred loan costs

19,790

Commercial Loans | Commercial real estate | Substandard

Financing Receivable, Recorded Investment

148

628

5,416

3,987

Total loans, net of deferred loan costs

10,179

Commercial Loans | Commercial real estate | Doubtful

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Commercial real estate | Loss

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Construction and development

Financing Receivable, Recorded Investment

9,493

9,101

6,849

5,415

1,594

8,148

122,220

Total loans, net of deferred loan costs

162,820

Commercial Loans | Construction and development | Pass

Financing Receivable, Recorded Investment

9,493

9,101

6,849

5,415

1,594

7,331

119,362

Total loans, net of deferred loan costs

159,145

Commercial Loans | Construction and development | Special Mention

Financing Receivable, Recorded Investment

319

2,858

Total loans, net of deferred loan costs

3,177

Commercial Loans | Construction and development | Substandard

Financing Receivable, Recorded Investment

498

Total loans, net of deferred loan costs

498

Commercial Loans | Construction and development | Doubtful

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Construction and development | Loss

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Commercial and industrial

Financing Receivable, Recorded Investment

25,039

16,553

20,831

16,630

16,452

11,526

33,548

Total loans, net of deferred loan costs

140,579

Commercial Loans | Commercial and industrial | Pass

Financing Receivable, Recorded Investment

25,006

16,553

19,337

11,806

16,399

11,302

30,287

Total loans, net of deferred loan costs

130,690

Commercial Loans | Commercial and industrial | Special Mention

Financing Receivable, Recorded Investment

1,194

123

3,261

Total loans, net of deferred loan costs

4,631

Commercial Loans | Commercial and industrial | Substandard

Financing Receivable, Recorded Investment

300

4,824

Total loans, net of deferred loan costs

5,256

Commercial Loans | Commercial and industrial | Doubtful

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Commercial and industrial | Loss

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Equipment finance

Financing Receivable, Recorded Investment

110,595

113,418

62,477

5,460

Total loans, net of deferred loan costs

291,950

Commercial Loans | Equipment finance | Pass

Financing Receivable, Recorded Investment

110,595

113,114

62,000

5,460

Total loans, net of deferred loan costs

291,169

Commercial Loans | Equipment finance | Special Mention

Financing Receivable, Recorded Investment

304

176

Total loans, net of deferred loan costs

480

Commercial Loans | Equipment finance | Substandard

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Equipment finance | Doubtful

Financing Receivable, Recorded Investment

301

Total loans, net of deferred loan costs

301

Commercial Loans | Equipment finance | Loss

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Municipal finance

Financing Receivable, Recorded Investment

6,697

19,030

14,251

18,977

10,241

51,515

8,430

Total loans, net of deferred loan costs

129,141

Commercial Loans | Municipal finance | Pass

Financing Receivable, Recorded Investment

6,697

19,030

14,251

18,977

10,241

51,242

8,430

Total loans, net of deferred loan costs

128,868

Commercial Loans | Municipal finance | Special Mention

Financing Receivable, Recorded Investment

273

Total loans, net of deferred loan costs

273

Commercial Loans | Municipal finance | Substandard

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Municipal finance | Doubtful

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Commercial Loans | Municipal finance | Loss

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans

Financing Receivable, Recorded Investment

100,573

106,115

86,745

70,178

51,402

183,413

205,969

Total loans, net of deferred loan costs

804,395

Retail Consumer Loans | Pass

Financing Receivable, Recorded Investment

100,267

104,738

86,491

69,479

51,040

173,381

205,816

Total loans, net of deferred loan costs

791,212

Retail Consumer Loans | Special Mention

Financing Receivable, Recorded Investment

1,675

Total loans, net of deferred loan costs

1,703

Retail Consumer Loans | Substandard

Financing Receivable, Recorded Investment

304

1,375

253

699

334

7,837

153

Total loans, net of deferred loan costs

10,955

Retail Consumer Loans | Doubtful

Financing Receivable, Recorded Investment

195

Total loans, net of deferred loan costs

195

Retail Consumer Loans | Loss

Financing Receivable, Recorded Investment

325

Total loans, net of deferred loan costs

330

Retail Consumer Loans | One-to-four family

Financing Receivable, Recorded Investment

60,790

59,348

56,263

46,190

40,741

164,174

2,495

Total loans, net of deferred loan costs

430,001

Retail Consumer Loans | One-to-four family | Pass

Financing Receivable, Recorded Investment

60,542

58,360

56,263

45,972

40,624

156,075

2,495

Total loans, net of deferred loan costs

420,331

Retail Consumer Loans | One-to-four family | Special Mention

Financing Receivable, Recorded Investment

1,402

Total loans, net of deferred loan costs

1,430

Retail Consumer Loans | One-to-four family | Substandard

Financing Receivable, Recorded Investment

248

988

218

6,177

Total loans, net of deferred loan costs

7,720

Retail Consumer Loans | One-to-four family | Doubtful

Financing Receivable, Recorded Investment

195

Total loans, net of deferred loan costs

195

Retail Consumer Loans | One-to-four family | Loss

Financing Receivable, Recorded Investment

325

Total loans, net of deferred loan costs

325

Retail Consumer Loans | HELOCs - originated

Financing Receivable, Recorded Investment

2,386

978

1,440

192

806

11,071

114,994

Total loans, net of deferred loan costs

131,867

Retail Consumer Loans | HELOCs - originated | Pass

Financing Receivable, Recorded Investment

2,386

978

1,440

192

768

9,686

114,870

Total loans, net of deferred loan costs

130,320

Retail Consumer Loans | HELOCs - originated | Special Mention

Financing Receivable, Recorded Investment

273

Total loans, net of deferred loan costs

273

Retail Consumer Loans | HELOCs - originated | Substandard

Financing Receivable, Recorded Investment

1,112

124

Total loans, net of deferred loan costs

1,274

Retail Consumer Loans | HELOCs - originated | Doubtful

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | HELOCs - originated | Loss

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | HELOCs - purchased

Financing Receivable, Recorded Investment

46,086

Total loans, net of deferred loan costs

46,086

Retail Consumer Loans | HELOCs - purchased | Pass

Financing Receivable, Recorded Investment

46,086

Total loans, net of deferred loan costs

46,086

Retail Consumer Loans | HELOCs - purchased | Special Mention

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | HELOCs - purchased | Substandard

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | HELOCs - purchased | Doubtful

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | HELOCs - purchased | Loss

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | Construction and land/lots

Financing Receivable, Recorded Investment

3,122

13,305

4,212

625

4,859

41,995

Total loans, net of deferred loan costs

68,118

Retail Consumer Loans | Construction and land/lots | Pass

Financing Receivable, Recorded Investment

3,122

13,305

4,212

527

4,438

41,995

Total loans, net of deferred loan costs

67,599

Retail Consumer Loans | Construction and land/lots | Special Mention

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | Construction and land/lots | Substandard

Financing Receivable, Recorded Investment

421

Total loans, net of deferred loan costs

519

Retail Consumer Loans | Construction and land/lots | Doubtful

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | Construction and land/lots | Loss

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | Indirect auto finance

Financing Receivable, Recorded Investment

33,226

31,388

19,243

22,843

9,746

3,210

Total loans, net of deferred loan costs

119,656

Retail Consumer Loans | Indirect auto finance | Pass

Financing Receivable, Recorded Investment

33,168

31,016

18,993

22,467

9,539

3,087

Total loans, net of deferred loan costs

118,270

Retail Consumer Loans | Indirect auto finance | Special Mention

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | Indirect auto finance | Substandard

Financing Receivable, Recorded Investment

371

249

376

207

123

Total loans, net of deferred loan costs

1,382

Retail Consumer Loans | Indirect auto finance | Doubtful

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | Indirect auto finance | Loss

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | Consumer

Financing Receivable, Recorded Investment

1,049

1,096

5,587

328

109

399

Total loans, net of deferred loan costs

8,667

Retail Consumer Loans | Consumer | Pass

Financing Receivable, Recorded Investment

1,049

1,079

5,583

321

109

370

Total loans, net of deferred loan costs

8,606

Retail Consumer Loans | Consumer | Special Mention

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | Consumer | Substandard

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | Consumer | Doubtful

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

Retail Consumer Loans | Consumer | Loss

Financing Receivable, Recorded Investment

Total loans, net of deferred loan costs

$ 1

[1]	Derived from audited financial statements.

Loans - Schedule of Changes in Accretable Yield for Purchased Impaired Loans (Details) - Purchased Credit Impaired (PCI) Loans - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Changes in Accretable Yield [Roll Forward]
Accretable yield, beginning of period	$ 4,355	$ 5,259
Reclass from nonaccretable yield	171	421
Other changes, net	(23)	(332)
Interest income	(378)	(1,223)
Accretable yield, end of period	$ 4,125	$ 4,125

Other Investments

9 Months Ended

Mar. 31, 2021

Investments, All Other Investments [Abstract]

Other Investments

Other investments, at cost consist of the following at the dates indicated:


	March 31, 2021		June 30, 2020
FHLB of Atlanta stock	$	12,152	$	23,309
FRB stock	7,379		7,368
SBIC investments	9,368		8,269

Total	$	28,899	$	38,946

As a requirement for membership, the Bank invests in the stock of both the FHLB of Atlanta and the FRB. No ready market exists for these securities so carrying value, or cost, approximates their fair value based on the redemption provisions of the FHLB of Atlanta and the FRB, respectively. SBIC investments are equity securities without a readily determinable fair value and are recorded at cost.

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating Activities:
Net income	$ 23,083	$ 19,188
Adjustments to reconcile net income to net cash used in operating activities:
Provision (benefit) for credit losses	(6,180)	5,800
Depreciation	7,042	4,137
Deferred income tax expense	3,600	4,677
Net amortization and accretion	(1,248)	(4,275)
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Repayment and Penalties	3,656	0
Loss (gain) on sale and impairment of REO	(49)	88
Gain on sale of loans held for sale	(11,929)	(7,577)
Origination of loans held for sale	(464,173)	(226,834)
Proceeds from sales of loans held for sale	443,380	200,512
Increase in deferred loan costs, net	(541)	(1,017)
Decrease (increase) in accrued interest receivable and other assets	1,238	(571)
Amortization of core deposit intangibles	605	1,118
BOLI income	(1,551)	(1,724)
ESOP compensation expense	744	996
Restricted stock and stock option expense	1,449	1,341
Increase (decrease) in other liabilities	2,552	(12,515)
Net cash provided by (used in) operating activities	1,678	(16,656)
Investing Activities:
Purchase of securities available for sale	(95,636)	(75,530)
Proceeds from maturities of securities available for sale	47,272	27,823
Net proceeds (purchases) of commercial paper	67,081	(35,949)
Purchase of certificates of deposit in other banks	(4,930)	(24,200)
Maturities of certificates of deposit in other banks	18,604	18,661
Principal repayments of mortgage-backed securities	11,749	10,902
Net redemptions of other investments	10,047	4,177
Proceeds from sale of loans not originated for sale	0	154,870
Net decrease (increase) in loans	103,407	(99,116)
Purchase of BOLI	(139)	(111)
Proceeds from redemption of BOLI	0	477
Purchase of premises and equipment	(15,095)	(2,321)
Purchase of operating lease equipment	(7,812)	(11,047)
Proceeds from sale of REO	352	1,812
Net cash provided by (used in) investing activities	134,900	(29,552)
Financing Activities:
Net increase in deposits	122,722	227,530
Net decrease in borrowings	(203,656)	(145,000)
Common stock repurchased	(11,723)	(23,222)
Cash dividends paid	(3,734)	(3,408)
Retired stock	(204)	(215)
Exercised stock options	2,490	1,541
Net cash provided by (used in) financing activities	(94,105)	57,226
Net Increase in Cash and Cash Equivalents	42,473	11,018
Cash and Cash Equivalents at Beginning of Period	121,622	71,043
Cash and Cash Equivalents at End of Period	164,095	82,061
Cash paid during the period for:
Interest	13,302	26,708
Income taxes	472	1,300
Noncash transactions:
Unrealized gain in value of securities available for sale, net of income taxes	(558)	323
Transfer of loans to REO	108	46
Transfer of loans held for sale to total loans	14,702	96,962
Transfer of one-to-four family loans to held for sale	0	240,453
Transfer of land from property and equipment to other assets for new finance lease accounting	0	2,052
ROU asset and lease liabilities for operating lease accounting	$ 599	$ 5,296

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value off-balance sheet risks, amount, liability	$ 920,221	$ 598,136

Real Estate Owned

9 Months Ended

Mar. 31, 2021

Real Estate Owned [Abstract]

Real Estate Owned

The activity within REO for the periods shown is as follows:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Balance at beginning of period	$	252	$	1,451	$	337	$	2,929
Transfers from loans	—		—		108		46

Sales, net of gain or loss	(109)		(376)		(302)		(1,722)
Writedowns	—		—		—		(178)

Balance at end of period	$	143	$	1,075	$	143	$	1,075

At March 31, 2021 and June 30, 2020, the Bank had $0 and $97, respectively, of foreclosed residential real estate property in REO. The recorded investment in consumer mortgage loans collateralized by residential real estate in the process of foreclosure totaled $0 and $1,318 at March 31, 2021 and June 30, 2020, respectively.

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The consolidated financial statements presented in this report include the accounts of HomeTrust Bancshares, Inc., a Maryland corporation ("HomeTrust"), and its wholly-owned subsidiary, HomeTrust Bank (the "Bank"). As used throughout this report, the term the "Company" refers to HomeTrust and the Bank, its consolidated subsidiary, unless the context otherwise requires. The accompanying unaudited consolidated financial statements have been prepared in accordance with GAAP for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the SEC. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. It is recommended that these unaudited interim consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended June 30, 2020 ("2020 Form 10-K") filed with the SEC on September 11, 2020. The results of operations for the nine months ended March 31, 2021 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2021. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements. Various elements of the Company's accounting policies, by their nature, are inherently subject to estimation techniques, valuation assumptions, and other subjective assessments. In particular, management has identified two accounting policies that, due to the judgments, estimates and assumptions inherent in those policies, are critical to an understanding of the Company's financial statements. These policies relate to (i) the determination of the provision and the allowance for credit losses on loans and (ii) the valuation of goodwill and other intangible assets. These policies and judgments, estimates and assumptions are described in greater detail in notes to the Consolidated Financial Statements and Management's Discussion and Analysis of Financial Condition and Results of Operations (Critical Accounting Policies) in the Company's 2020 Form 10-K. Management believes that the judgments, estimates and assumptions used in the preparation of the financial statements are appropriate based on the factual circumstances at the time. However, given the sensitivity of the financial statements to these critical accounting policies, the use of other judgments, estimates and assumptions could result in material differences in the Company's results of operations or financial condition. Further, subsequent changes in economic or market conditions could have a material impact on these estimates and the Company's financial condition and operating results in future periods. Operating, Accounting and Reporting Considerations related to COVID-19 The COVID-19 pandemic has negatively impacted the global economy. In response to this crisis, the CARES Act was passed by Congress and signed into law on March 27, 2020. The CARES Act provides an estimated $2.2 trillion to fight the COVID-19 pandemic and stimulate the economy by supporting individuals and businesses through loans, grants, tax changes, and other types of relief. Some of the provisions applicable to the Company include, but are not limited to: • Accounting for Loan Modifications - The CARES Act provides that a financial institution may elect to suspend (i) the requirements under GAAP for certain loan modifications that would otherwise be categorized as a TDR and (ii) any determination that such loan modifications would be considered a TDR, including the related impairment for accounting purposes. The Bank has elected this as a policy change. • PPP - The CARES Act established the PPP, an expansion of the SBA's 7(a) loan program and the Economic Injury Disaster Loan Program, administered directly by the SBA. On December 27, 2020, the 2021 Consolidated Appropriations Act was signed into law providing $900 billion in stimulus relief for the COVID-19 pandemic. The legislation extends certain relief provisions from the March CARES Act that were set to expire at the end of 2020. This new legislation extends the relief to financial institutions to suspend TDR assessment and reporting requirements under GAAP for loan modifications to the earlier of 60 days after the national emergency termination date or January 1, 2022. The legislation includes additional funding for businesses that did not receive PPP funds under the CARES Act, especially minority- and women-owned businesses. In addition, it allows businesses another opportunity to borrow PPP funds if they can show losses of 25% or more in 2020 based on their 2020 revenue. The Company expects a smaller number of applications to be made by its customers for these additional PPP funds. Also in response to the COVID-19 pandemic, the Board of Governors of the Federal Reserve System, the FDIC, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau, in consultation with the state financial regulators (collectively, the “agencies”) issued a joint interagency statement (issued March 22, 2020; revised statement issued April 7, 2020). Some of the provisions applicable to the Company include, but are not limited to: • Accounting for Loan Modifications - A loan modification that does not meet the conditions of the CARES Act may still qualify as a modification that does not need to be accounted for as a TDR. The agencies confirmed with FASB staff that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or insignificant delays in payment. • Past Due Reporting - With regard to loans not otherwise reportable as past due, financial institutions are not expected to designate loans with deferrals granted due to COVID-19 as past due because of the deferral. A loan’s payment date is governed by the due date stipulated in the legal agreement. If a financial institution agrees to a payment deferral, these loans would not be considered past due during the period of the deferral. • Nonaccrual Status and Charge-offs - While short-term COVID-19 modifications are in effect, these loans generally should not be reported as nonaccrual or as classified. See "Note 6 – Loans and Allowance for Credit Losses on Loans" for more information on COVID-19 specific loans that have been modified or in deferral. Adoption of CECL standard On July 1, 2020, the Company adopted ASU No. 2016-13, "Financial Instruments-Credit Losses ("Topic 326"): Measurement of Credit Losses on Financial Instruments", sometimes referred to herein as ASU 2016-13. Topic 326 was subsequently amended by ASU No. 2019-11, Codification Improvements to Topic 326, Financial Instruments-Credit Losses; ASU No. 2019-05, Codification Improvements to Topic 326, Financial Instruments-Credit Losses; and ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. This standard applies to all financial assets measured at amortized cost and off balance sheet credit exposures, including loans, investment securities and unfunded commitments. The Company applied the standard’s provisions using the modified retrospective method as a cumulative effect adjustment to retained earnings as of July 1, 2020. With this transition method, the Company did not have to restate comparative prior periods presented in the financial statements related to Topic 326, but will present comparative prior period disclosures using the previous accounting guidance for the allowance for loan losses. This adoption method is considered a change in accounting principle requiring additional disclosure regarding the nature of and reason for the change, which is solely a result of the adoption of the required standard. ACL – Investment Securities Management uses a systematic methodology to determine its ACL for investment securities held to maturity. The ACL is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the held-to-maturity portfolio. Management considers the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the portfolio. The Company’s estimate of its ACL involves a high degree of judgment; therefore, management’s process for determining expected credit losses may result in a range of expected credit losses. Management monitors the held-to-maturity portfolio to determine whether a valuation account would need to be recorded. The Company currently has no investment securities held to maturity. Management excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on investment securities and does not record an allowance for credit losses on accrued interest receivable. As of March 31, 2021, the accrued interest receivable for investment securities available for sale was $588. The Company’s estimate of expected credit losses includes a measure of the expected risk of credit loss even if that risk is remote. However, the Company does not measure expected credit losses on an investment security in which historical credit loss information adjusted for current conditions and reasonable and supportable forecast results in an expectation that nonpayment of the amortized cost basis is zero. Management does not expect nonpayment of the amortized cost basis to be zero solely on the basis of the current value of collateral securing the security but, instead, also considers the nature of the collateral, potential future changes in collateral values, default rates, delinquency rates, third-party guarantees, credit ratings, interest rate changes since purchase, volatility of the security’s fair value and historical loss information for financial assets secured with similar collateral. The Company performed an analysis that determined that the following securities have a zero expected credit loss: U.S. government agencies, residential MBS of U.S. government agencies and GSEs, and municipal bonds. All of the U.S. government agencies and U.S. government agency backed securities have the full faith and credit backing of the United States Government or one of its agencies. Municipal bonds that do not have a zero expected credit loss will be evaluated quarterly to determine whether there is a credit loss associated with a decline in fair value. Management no longer evaluates securities for OTTI, as ASC Subtopic 326-30, "Financial Instruments—Credit Losses—Available-for-Sale Debt Securities," changes the accounting for recognizing impairment on available-for-sale debt securities. Each quarter management evaluates impairment where there has been a decline in fair value below the amortized cost basis of a security to determine whether there is a credit loss associated with the decline in fair value. Management considers the nature of the collateral, potential future changes in collateral values, default rates, delinquency rates, third-party guarantees, credit ratings, interest rate changes since purchase, volatility of the security’s fair value and historical loss information for financial assets secured with similar collateral among other factors. Credit losses are calculated individually, rather than collectively, using a DCF method, whereby management compares the present value of expected cash flows with the amortized cost basis of the security. The credit loss component would be recognized through the provision for credit losses in the Consolidated Statements of Income. ACL - Loans and leases The ACL reflects management’s estimate of losses that will result from the inability of its borrowers to make required loan payments. The Company established the incremental increase in the ACL at adoption of the CECL standard through the cumulative effect adjustment to equity and subsequent adjustments will be made through a provision for credit losses charged against earnings. Management records loans charged off against the ACL and subsequent recoveries, if any, increase the ACL when they are recognized. Management uses a systematic methodology to determine its ACL for loans held for investment and certain off-balance-sheet credit exposures. The ACL is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loan portfolio. Management considers the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the loan portfolio. The Company’s estimate of its ACL involves a high degree of judgment; therefore, management’s process for determining expected credit losses may result in a range of expected credit losses. The Company’s ACL recorded in the balance sheet reflects management’s best estimate within the range of expected credit losses. The Company recognizes in net income the amount needed to adjust the ACL for management’s current estimate of expected credit losses. The Company’s ACL is calculated using collectively evaluated and individually evaluated loans. The Company collectively evaluates loans that share similar risk characteristics. In general, management has segmented loans by regulatory call code category and collectively evaluates loans within the retail and commercial categories. Loans within the retail consumer category include: one-to-four family, HELOCs - originated, HELOCs - purchased, construction and land/lots, indirect auto finance, and consumer. Loans within the commercial category include: commercial real estate, construction and development, commercial and industrial, equipment finance, and municipal leases. For collectively evaluated loans, the Company uses a DCF method for each loan in a pool, and the results are aggregated at the pool level. A periodic tendency to default and absolute loss given default are applied to a projective model of the loan’s cash flow while considering prepayment and principal curtailment effects. The analysis produces expected cash flows for each instrument in the pool by pairing loan-level term information (maturity date, payment amount, interest rate, etc.) with top-down pool assumptions (default rates, prepayment speeds). The Company has identified the following portfolio segments for the current calculation: one-to-four family construction, one-to-four family mortgage – jr. lien, one-to-four family mortgage – sr. lien, commercial and industrial, commercial leases, construction – multi-family, construction – non-owner occupied, construction – owner occupied, consumer – auto, consumer – other, consumer – revolving, farmland, land and lot, multifamily, municipal leases, non-owner occupied CRE, owner occupied CRE, and HELOCs. PPP loans are fully guaranteed by the SBA; therefore, management estimates a zero reserve for PPP loans within its allowance for credit losses. Management has determined that the peer loss experience provides the best basis for its assessment of expected credit losses to determine the ACL. The Company utilized peer call report data to measure historical credit loss experience with similar risk characteristics within the segments over an economic cycle. Management reviewed the historical loss information to appropriately adjust for differences in current asset specific risk characteristics. Management also considered further adjustments to historical loss information for current conditions and reasonable and supportable forecasts that differ from the conditions that existed for the period over which historical information was evaluated. For all segment models for collectively evaluated loans (except for HELOCs), the Company incorporated one macroeconomic driver using a statistical regression modeling methodology. The HELOC segment incorporated two macroeconomic drivers. Due to the low loss rates of municipal leases and the expectation of them remaining low, management has elected to separately pool these loans. Management has elected to use readily available municipal default rates and loss given defaults in order to calculate expected credit losses. Management considers forward-looking information in estimating expected credit losses. The Company uses the Fannie Mae quarterly economic forecast which is a baseline outlook for the United States economy. Management has evaluated the appropriateness of the reasonable and supportable forecast for the current period along with the inputs used in the estimation of expected credit losses. For the contractual term that extends beyond the reasonable and supportable forecast period, the Company reverts to historical loss information within four quarters using a straight-line approach. Management may apply different reversion techniques depending on the economic environment for the financial asset portfolio and as of the current period has utilized a linear reversion technique. Management has evaluated the appropriateness of a reversion period for the current period and noted that it was reasonable. Included in its systematic methodology to determine its ACL for loans held for investment and certain off-balance-sheet credit exposures, management considers the need to qualitatively adjust expected credit losses for information not already captured in the loss estimation process. These qualitative adjustments can either increase or decrease the quantitative model estimation (i.e. formulaic model results). Each period the Company considers qualitative factors that are relevant within the qualitative framework that include the following: 1) lending policies and procedures, 2) credit review function, 3) experience and depth of management and staff, 4) external factors, and 5) actual and expected changes in economic and business conditions. When a loan no longer shares similar risk characteristics with its segment, the asset is assessed to determine whether it should be included in another pool or should be individually evaluated. For these individually evaluated loans, the Company maintains specific book balance thresholds for retail or consumer loans, commercial loans, municipal and equipment leases, and unsecured commercial loans. Management would adjust these thresholds if future analysis suggests a change is needed based on the credit environment at that time. Generally, individually evaluated loans other than TDRs are on nonaccrual status. Based on the thresholds above, financial assets will generally remain in pools unless they meet the dollar threshold or foreclosure is probable. The expected credit losses on individually evaluated loans will be estimated based on DCF analysis unless the loan meets the criteria for use of the fair value of collateral, either by virtue of an expected foreclosure or through meeting the definition of collateral dependent. Financial assets that have been individually evaluated can be returned to a pool for purposes of estimating the expected credit loss insofar as their credit profile improves and that the repayment terms are not considered to be unique to the asset. Management measures expected credit losses over the contractual term of the loans. When determining the contractual term, the Company considers expected prepayments but is precluded from considering expected extensions, renewals, or modifications, unless the Company reasonably expects it will execute a TDR with a borrower. In the event of a reasonably-expected TDR, the Company factors the reasonably-expected TDR into the current expected credit losses estimate. The effects of a TDR are recorded when an individual asset is specifically identified as a reasonably-expected TDR. The Company identifies the point at which it offers the modification to the borrower as the point at which the TDR is reasonably expected for both commercial and consumer loans. The Company uses a DCF methodology to calculate the effect of the concession provided to the borrower in TDR within the ACL. PCD assets are defined as acquired individual financial assets (or acquired groups of financial assets with similar risk characteristics) that, as of the date of acquisition, have experienced a more-than-insignificant deterioration in credit quality since origination, as determined by the Company’s assessment. The Company records acquired PCD loans by adding the expected credit losses (i.e., ACL) to the purchase price of the financial assets rather than recording through the provision for credit losses in the income statement. The expected credit loss, as of the acquisition day, of a PCD loan is added to the ACL. The non-credit discount or premium is the difference between the unpaid principal balance and the amortized cost basis as of the acquisition date. Subsequent to the acquisition date, the change in the ACL on PCD loans is recognized through the provision for credit losses. The non-credit discount or premium is accreted or amortized, respectively, into interest income over the remaining life of the PCD loan on a level-yield basis. In accordance with the transition requirements within the standard, the Company’s PCI loans were treated as PCD loans. The Company follows its nonaccrual policy by reversing contractual interest income in the income statement when the Company places a loan on nonaccrual status. Therefore, management excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on the portfolio and does not record an ACL on accrued interest receivable. The Company has a variety of assets that have a component that qualifies as an off-balance sheet exposure. These primarily include undrawn portions of revolving lines of credit and standby letters of credit. The expected losses associated with these exposures within the unfunded portion of the expected credit loss will be recorded as a liability on the balance sheet with an offset to the provision for credit losses. Management has determined that a majority of the Company’s off-balance-sheet credit exposures are not unconditionally cancellable. See "Note 6 – Loans and Allowance for Credit Losses on Loans" for additional details related to the Company's off-balance-sheet credit exposure. The current adjustment to the ACL for unfunded commitments would be recognized through the provision for credit losses in the Statement of Income.

Real Estate Owned (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Mar. 31, 2021

Mar. 31, 2020

Mar. 31, 2021

Mar. 31, 2020

Jun. 30, 2020

Real Estate Properties [Line Items]

Balance at beginning of period

$ 252

$ 1,451

$ 337

^[1]

$ 2,929

Transfers from loans

108

Sales, net of gain or loss

(109)

(376)

(302)

(1,722)

Writedowns

(178)

Balance at end of period

143

$ 1,075

143

$ 1,075

Consumer | Retail Consumer Loans

Real Estate Properties [Line Items]

Balance at beginning of period

Balance at end of period

Residential real estate in the process of foreclosure

$ 0

$ 1,318

[1]	Derived from audited financial statements.

Loans - Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($)
$ in Thousands

Mar. 31, 2021

Dec. 31, 2020

Jul. 01, 2020

Jun. 30, 2020

Mar. 31, 2020

Dec. 31, 2019

Jun. 30, 2019

Accounts, Notes, Loans and Financing Receivable

Total loans

$ 2,690,153

$ 2,768,930

Deferred loan fees, net

189

Total loans, net of deferred loan costs

2,690,153

2,769,119

^[1]

Allowance for credit losses

(36,059)

$ (39,844)

$ (28,072)

(28,072)

^[1]

$ (26,850)

$ (22,031)

$ (21,429)

Total loans

2,654,094

2,741,047

^[1]

Deferred cost

1,420

Unamortized discount total related to loans acquired

4,998

Accrued interest receivable

7,688

PCI

Accounts, Notes, Loans and Financing Receivable

Total loans

12,792

Allowance for credit losses

(182)

(152)

(201)

Commercial Loans

Accounts, Notes, Loans and Financing Receivable

Total loans

1,885,758

1,861,588

Total loans, net of deferred loan costs

1,885,758

Allowance for credit losses

(23,398)

(24,899)

(21,116)

(19,685)

(16,479)

(14,809)

Commercial Loans | PPP

Accounts, Notes, Loans and Financing Receivable

Total loans

73,090

80,697

Total loans, net of deferred loan costs

73,090

Allowance for credit losses

Commercial Loans | PPP | PCI

Accounts, Notes, Loans and Financing Receivable

Total loans

Allowance for credit losses

Commercial Loans | Commercial real estate

Accounts, Notes, Loans and Financing Receivable

Total loans

1,088,178

1,052,906

Total loans, net of deferred loan costs

1,088,178

Allowance for credit losses

(12,267)

(11,805)

Commercial Loans | Commercial real estate | PCI

Accounts, Notes, Loans and Financing Receivable

Total loans

5,822

Allowance for credit losses

(113)

Commercial Loans | Construction and development

Accounts, Notes, Loans and Financing Receivable

Total loans

162,820

215,934

Total loans, net of deferred loan costs

162,820

Allowance for credit losses

(1,837)

(3,608)

Commercial Loans | Construction and development | PCI

Accounts, Notes, Loans and Financing Receivable

Total loans

590

Allowance for credit losses

(4)

Commercial Loans | Commercial and industrial

Accounts, Notes, Loans and Financing Receivable

Total loans

140,579

154,825

Total loans, net of deferred loan costs

140,579

Allowance for credit losses

(2,645)

(2,199)

Commercial Loans | Commercial and industrial | PCI

Accounts, Notes, Loans and Financing Receivable

Total loans

1,562

Allowance for credit losses

(15)

Commercial Loans | Equipment finance

Accounts, Notes, Loans and Financing Receivable

Total loans

291,950

229,239

Total loans, net of deferred loan costs

291,950

Allowance for credit losses

(6,203)

(2,807)

Commercial Loans | Equipment finance | PCI

Accounts, Notes, Loans and Financing Receivable

Total loans

Allowance for credit losses

Commercial Loans | Municipal finance

Accounts, Notes, Loans and Financing Receivable

Total loans

129,141

127,987

Total loans, net of deferred loan costs

129,141

Allowance for credit losses

(446)

(697)

Commercial Loans | Municipal finance | PCI

Accounts, Notes, Loans and Financing Receivable

Total loans

Allowance for credit losses

Retail Consumer Loans

Accounts, Notes, Loans and Financing Receivable

Total loans

804,395

907,342

Total loans, net of deferred loan costs

804,395

Allowance for credit losses

(12,661)

$ (14,945)

$ (6,956)

(6,956)

$ (6,983)

$ (5,400)

$ (6,419)

Retail Consumer Loans | One-to-four family

Accounts, Notes, Loans and Financing Receivable

Total loans

430,001

473,693

Total loans, net of deferred loan costs

430,001

Allowance for credit losses

(6,556)

(2,469)

Retail Consumer Loans | One-to-four family | PCI

Accounts, Notes, Loans and Financing Receivable

Total loans

4,473

Allowance for credit losses

(17)

Retail Consumer Loans | HELOCs - originated

Accounts, Notes, Loans and Financing Receivable

Total loans

131,867

137,447

Total loans, net of deferred loan costs

131,867

Allowance for credit losses

(1,591)

(1,344)

Retail Consumer Loans | HELOCs - originated | PCI

Accounts, Notes, Loans and Financing Receivable

Total loans

Allowance for credit losses

Retail Consumer Loans | HELOCs - purchased

Accounts, Notes, Loans and Financing Receivable

Total loans

46,086

71,781

Total loans, net of deferred loan costs

46,086

Allowance for credit losses

(556)

(430)

Retail Consumer Loans | HELOCs - purchased | PCI

Accounts, Notes, Loans and Financing Receivable

Total loans

Allowance for credit losses

Retail Consumer Loans | Construction and land/lots

Accounts, Notes, Loans and Financing Receivable

Total loans

68,118

81,859

Total loans, net of deferred loan costs

68,118

Allowance for credit losses

(1,006)

(1,442)

Retail Consumer Loans | Construction and land/lots | PCI

Accounts, Notes, Loans and Financing Receivable

Total loans

345

Allowance for credit losses

(33)

Retail Consumer Loans | Indirect auto finance

Accounts, Notes, Loans and Financing Receivable

Total loans

119,656

132,303

Total loans, net of deferred loan costs

119,656

Allowance for credit losses

(2,745)

(1,136)

Retail Consumer Loans | Indirect auto finance | PCI

Accounts, Notes, Loans and Financing Receivable

Total loans

Allowance for credit losses

Retail Consumer Loans | Consumer

Accounts, Notes, Loans and Financing Receivable

Total loans

8,667

10,259

Total loans, net of deferred loan costs

8,667

Allowance for credit losses

$ (207)

(135)

Retail Consumer Loans | Consumer | PCI

Accounts, Notes, Loans and Financing Receivable

Total loans

Allowance for credit losses

$ 0

[1]	Derived from audited financial statements.

Loans - Schedule of Allowance for Credit Losses on Financing Receivables Table (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Mar. 31, 2021

Mar. 31, 2020

Mar. 31, 2021

Mar. 31, 2020

Financing Receivable, Allowance for Credit Loss [Roll Forward]

Balance at beginning of period

$ 39,844

$ 22,031

$ 28,072

^[1]

$ 21,429

Provision (benefit) for credit losses

(3,970)

5,400

(6,370)

5,800

Charge-offs

(425)

(1,001)

(2,763)

(2,126)

Recoveries

610

420

2,311

1,747

Net recoveries (charge-offs)

185

(452)

Balance at end of period

36,059

26,850

36,059

26,850

Impact of adoption ASU 2016-13

Financing Receivable, Allowance for Credit Loss [Roll Forward]

Balance at beginning of period

14,809

Retail Consumer Loans

Financing Receivable, Allowance for Credit Loss [Roll Forward]

Balance at beginning of period

14,945

5,400

6,956

6,419

Provision (benefit) for credit losses

(2,220)

1,519

(4,620)

(80)

Charge-offs

(318)

(295)

(1,253)

(678)

Recoveries

254

359

842

1,322

Net recoveries (charge-offs)

(64)

(411)

Balance at end of period

12,661

6,983

12,661

6,983

Retail Consumer Loans | Impact of adoption ASU 2016-13

Financing Receivable, Allowance for Credit Loss [Roll Forward]

Balance at beginning of period

10,736

Commercial Loans

Financing Receivable, Allowance for Credit Loss [Roll Forward]

Balance at beginning of period

24,899

16,479

21,116

14,809

Provision (benefit) for credit losses

(1,750)

3,851

(1,750)

5,899

Charge-offs

(107)

(706)

(1,510)

(1,448)

Recoveries

356

1,469

425

Net recoveries (charge-offs)

249

(41)

Balance at end of period

23,398

19,685

23,398

19,685

Commercial Loans | Impact of adoption ASU 2016-13

Financing Receivable, Allowance for Credit Loss [Roll Forward]

Balance at beginning of period

$ 0

4,073

Purchased Credit Impaired (PCI) Loans

Financing Receivable, Allowance for Credit Loss [Roll Forward]

Balance at beginning of period

152

$ 182

201

Provision (benefit) for credit losses

(19)

Charge-offs

Recoveries

Balance at end of period

$ 182

[1]	Derived from audited financial statements.

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative-effect adjustment due to the adoption of ASU 2016-13	Common Stock	Additional Paid In Capital	Retained Earnings	Retained Earnings Cumulative-effect adjustment due to the adoption of ASU 2016-13	Unearned ESOP Shares	Accumulated Other Comprehensive Income (loss)
Balance at beginning of period (in shares) at Jun. 30, 2019			17,984,105
Balance at beginning of period at Jun. 30, 2019	$ 408,896		$ 180	$ 190,315	$ 224,545		$ (6,877)	$ 733
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	19,188				19,188
Cash dividends declared on common stock, $0.23/common share	(3,408)				(3,408)
Shares repurchased (in shares)			(1,032,221)
Stock repurchased	(23,222)		$ (11)	(23,211)
Forfeited restricted stock (in shares)			(3,200)
Forfeited restricted stock	0
Retired stock (in shares)			(7,950)
Retired stock	(215)			(215)
Granted restricted stock (in shares)			54,306
Granted restricted stock	$ 0
Exercised stock options (in shares)	106,914		106,914
Exercised stock options	$ 1,541		$ 2	1,539
Stock option expense	556			556
Restricted stock expense	785			785
ESOP shares allocated	996			599			397
Other comprehensive income (loss)	323							323
Balance at end of period (in shares) at Mar. 31, 2020			17,101,954
Balance at end of period at Mar. 31, 2020	405,440		$ 171	170,368	240,325		(6,480)	1,056
Balance at beginning of period (in shares) at Jun. 30, 2019			17,984,105
Balance at beginning of period at Jun. 30, 2019	$ 408,896		$ 180	190,315	224,545		(6,877)	733
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Balance at end of period (in shares) at Jun. 30, 2020	17,021,357		17,021,357
Balance at end of period at Jun. 30, 2020	$ 408,263	$ (13,358)	$ 170	169,648	242,776	$ (13,358)	(6,348)	2,017
Balance at beginning of period (in shares) at Dec. 31, 2019			17,664,384
Balance at beginning of period at Dec. 31, 2019	416,995		$ 177	182,366	240,312		(6,612)	752
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,193				1,193
Cash dividends declared on common stock, $0.23/common share	(1,180)				(1,180)
Shares repurchased (in shares)			(635,800)
Stock repurchased	(13,003)		$ (7)	(12,996)
Forfeited restricted stock	(215)			(215)
Retired stock (in shares)			(7,950)
Retired stock	$ 0
Granted restricted stock (in shares)	41,306
Granted restricted stock	$ 0
Exercised stock options (in shares)			40,014
Exercised stock options	578		$ 1	577
Stock option expense	168			168
Restricted stock expense	290			290
ESOP shares allocated	310			178			132
Other comprehensive income (loss)	304							304
Balance at end of period (in shares) at Mar. 31, 2020			17,101,954
Balance at end of period at Mar. 31, 2020	$ 405,440		$ 171	170,368	240,325		(6,480)	1,056
Balance at beginning of period (in shares) at Jun. 30, 2020	17,021,357		17,021,357
Balance at beginning of period at Jun. 30, 2020	$ 408,263	$ (13,358)	$ 170	169,648	242,776	$ (13,358)	(6,348)	2,017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	23,083				23,083
Cash dividends declared on common stock, $0.23/common share	(3,734)				(3,734)
Shares repurchased (in shares)			(566,455)
Stock repurchased	(11,723)		$ (6)	(11,717)
Forfeited restricted stock (in shares)			(6,575)
Forfeited restricted stock	0		$ 0
Retired stock (in shares)			(9,106)
Retired stock	$ (204)			(204)
Granted restricted stock (in shares)	43,260
Granted restricted stock	$ 0		$ 0
Exercised stock options (in shares)	172,866		172,866
Exercised stock options	$ 2,490		$ 3	2,487
Stock option expense	473			473
Restricted stock expense	976			976
ESOP shares allocated	744			347			397
Other comprehensive income (loss)	$ (558)							(558)
Balance at end of period (in shares) at Mar. 31, 2021	16,655,347		16,655,347
Balance at end of period at Mar. 31, 2021	$ 406,452		$ 167	162,010	248,767		(5,951)	1,459
Balance at beginning of period (in shares) at Dec. 31, 2020			16,791,027
Balance at beginning of period at Dec. 31, 2020	404,724		$ 168	166,352	242,182		(6,083)	2,105
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,869				7,869
Cash dividends declared on common stock, $0.23/common share	(1,284)				(1,284)
Shares repurchased (in shares)			(289,333)
Stock repurchased	(6,544)		$ (3)	(6,541)
Forfeited restricted stock (in shares)			0
Forfeited restricted stock	0		$ 0
Retired stock (in shares)			(8,473)
Retired stock	$ (195)			(195)
Granted restricted stock (in shares)	43,260
Granted restricted stock	$ 0		$ 0
Exercised stock options (in shares)			118,866
Exercised stock options	1,714		$ 2	1,712
Stock option expense	156			156
Restricted stock expense	333			333
ESOP shares allocated	325			193			132
Other comprehensive income (loss)	$ (646)							(646)
Balance at end of period (in shares) at Mar. 31, 2021	16,655,347		16,655,347
Balance at end of period at Mar. 31, 2021	$ 406,452		$ 167	$ 162,010	$ 248,767		$ (5,951)	$ 1,459

Equity Incentive Plan - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2019
Options
Options Outstanding, Beginning of Period (in shares)	1,610,500	1,615,500	1,657,214
Granted (in shares)		44,750	61,000
Exercised (in shares)		172,866	106,914
Forfeited (in shares)		26,900	800
Options Outstanding, End of period (in shares)	1,615,500	1,460,484	1,610,500	1,657,214
Exercisable (in shares)		1,220,734	1,298,000
Weighted- average exercise price
Options Outstanding, Beginning of Period (in usd per share)	$ 18.13	$ 18.12	$ 17.59
Granted (in usd per share)		22.92	26.40
Exercised (in usd per share)		14.40	14.41
Forfeited (in usd per share)		25.77	17.35
Options Outstanding, End of Period (in usd per share)	$ 18.12	18.57	18.13	$ 17.59
Exercisable (in usd per share)		$ 17.24	$ 15.45
Remaining contractual life (years)	4 years 4 months 24 days	3 years 10 months 24 days	4 years 7 months 6 days	5 years
Exercisable (in years)		3 years 2 months 12 days	3 years 8 months 12 days
Aggregate intrinsic value	$ 1,711	$ 9,268	$ 1,617	$ 12,909
Aggregate intrinsic value		$ 9,152	$ 1,617
Non-vested Options
Nonvested, number of shares (in shares)		239,750	312,500
Nonvested, weighted average grant date fair value (in dollars per share)		$ 25.31	$ 25.86
Nonvested, contractual term (in years)		7 years 8 months 12 days	8 years 2 months 12 days
Nonvested, intrinsic value		$ 116	$ 0

Net Income per Share (Tables)

9 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following is a reconciliation of the numerator and denominator of basic and diluted net income per share of common stock as of the dates indicated:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Numerator:
Net income	$	7,869	$	1,193	$	23,083	$	19,188
Allocation of earnings to participating securities	(72)		(11)		(209)		(167)
Numerator for basic EPS - Net income available to common stockholders	$	7,797	$	1,182	$	22,874	$	19,021
Effect of dilutive securities:
Dilutive effect to participating securities	2		2		2		6
Numerator for diluted EPS	$	7,799	$	1,184	$	22,876	$	19,027
Denominator:
Weighted-average common shares outstanding - basic	15,979,590		16,688,646		16,139,059		16,898,391
Effect of dilutive shares	506,128		569,782		200,071		625,861
Weighted-average common shares outstanding - diluted	16,485,718		17,258,428		16,339,130		17,524,252
Net income per share - basic	$	0.49	$	0.07	$	1.42	$	1.12
Net income per share - diluted	$	0.48	$	0.07	$	1.40	$	1.08

Other Investments (Tables)

9 Months Ended

Mar. 31, 2021

Investments, All Other Investments [Abstract]

Investment

Other investments, at cost consist of the following at the dates indicated:


	March 31, 2021		June 30, 2020
FHLB of Atlanta stock	$	12,152	$	23,309
FRB stock	7,379		7,368
SBIC investments	9,368		8,269

Total	$	28,899	$	38,946

Net Income per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Numerator:
Net income	$ 7,869	$ 1,193	$ 23,083	$ 19,188
Allocation of earnings to participating securities	(72)	(11)	(209)	(167)
Numerator for basic EPS - Net income available to common stockholders	7,797	1,182	22,874	19,021
Dilutive effect to participating securities	2	2	2	6
Numerator for diluted EPS	$ 7,799	$ 1,184	$ 22,876	$ 19,027
Denominator:
Weighted-average common shares outstanding - basic	15,979,590	16,688,646	16,139,059	16,898,391
Effect of dilutive shares	506,128	569,782	200,071	625,861
Weighted-average common shares outstanding - diluted	16,485,718	17,258,428	16,339,130	17,524,252
Net income per share - basic (in dollars per share)	$ 0.49	$ 0.07	$ 1.42	$ 1.12
Net income per share - diluted (in dollars per share)	$ 0.48	$ 0.07	$ 1.40	$ 1.08

Net Income per Share - Antidilutive Stock Options (Details) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	524,850	506,800	524,850	506,800

Loans - Schedule of Past Due Financing Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Financing Receivable, Past Due [Line Items]
Past Due	$ 6,434	$ 16,133
Current	2,683,719	2,752,797
Total Loans	2,690,153	2,768,930
30-89 Days
Financing Receivable, Past Due [Line Items]
Past Due	1,574	8,245
90 Days+
Financing Receivable, Past Due [Line Items]
Past Due	4,860	7,888
Commercial Loans
Financing Receivable, Past Due [Line Items]
Total Loans	1,885,758	1,861,588
Commercial Loans \| PPP
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Current	73,090	80,697
Total Loans	73,090	80,697
Commercial Loans \| 30-89 Days \| PPP
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Commercial Loans \| 90 Days+ \| PPP
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Commercial Loans \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Past Due	1,863	7,420
Current	1,086,315	1,045,486
Total Loans	1,088,178	1,052,906
Commercial Loans \| Commercial real estate \| 30-89 Days
Financing Receivable, Past Due [Line Items]
Past Due	0	4,528
Commercial Loans \| Commercial real estate \| 90 Days+
Financing Receivable, Past Due [Line Items]
Past Due	1,863	2,892
Commercial Loans \| Construction and development
Financing Receivable, Past Due [Line Items]
Past Due	37	634
Current	162,783	215,300
Total Loans	162,820	215,934
Commercial Loans \| Construction and development \| 30-89 Days
Financing Receivable, Past Due [Line Items]
Past Due	0	293
Commercial Loans \| Construction and development \| 90 Days+
Financing Receivable, Past Due [Line Items]
Past Due	37	341
Commercial Loans \| Commercial and industrial
Financing Receivable, Past Due [Line Items]
Past Due	34	91
Current	140,545	154,734
Total Loans	140,579	154,825
Commercial Loans \| Commercial and industrial \| 30-89 Days
Financing Receivable, Past Due [Line Items]
Past Due	12	0
Commercial Loans \| Commercial and industrial \| 90 Days+
Financing Receivable, Past Due [Line Items]
Past Due	22	91
Commercial Loans \| Equipment finance
Financing Receivable, Past Due [Line Items]
Past Due	328	801
Current	291,622	228,438
Total Loans	291,950	229,239
Commercial Loans \| Equipment finance \| 30-89 Days
Financing Receivable, Past Due [Line Items]
Past Due	0	303
Commercial Loans \| Equipment finance \| 90 Days+
Financing Receivable, Past Due [Line Items]
Past Due	328	498
Commercial Loans \| Municipal finance
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Current	129,141	127,987
Total Loans	129,141	127,987
Commercial Loans \| Municipal finance \| 30-89 Days
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Commercial Loans \| Municipal finance \| 90 Days+
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Retail Consumer Loans
Financing Receivable, Past Due [Line Items]
Total Loans	804,395	907,342
Retail Consumer Loans \| One-to-four family
Financing Receivable, Past Due [Line Items]
Past Due	2,870	4,826
Current	427,131	468,867
Total Loans	430,001	473,693
Retail Consumer Loans \| One-to-four family \| 30-89 Days
Financing Receivable, Past Due [Line Items]
Past Due	824	1,679
Retail Consumer Loans \| One-to-four family \| 90 Days+
Financing Receivable, Past Due [Line Items]
Past Due	2,046	3,147
Retail Consumer Loans \| HELOCs - originated
Financing Receivable, Past Due [Line Items]
Past Due	110	752
Current	131,757	136,695
Total Loans	131,867	137,447
Retail Consumer Loans \| HELOCs - originated \| 30-89 Days
Financing Receivable, Past Due [Line Items]
Past Due	32	442
Retail Consumer Loans \| HELOCs - originated \| 90 Days+
Financing Receivable, Past Due [Line Items]
Past Due	78	310
Retail Consumer Loans \| HELOCs - purchased
Financing Receivable, Past Due [Line Items]
Past Due	147	261
Current	45,939	71,520
Total Loans	46,086	71,781
Retail Consumer Loans \| HELOCs - purchased \| 30-89 Days
Financing Receivable, Past Due [Line Items]
Past Due	50	214
Retail Consumer Loans \| HELOCs - purchased \| 90 Days+
Financing Receivable, Past Due [Line Items]
Past Due	97	47
Retail Consumer Loans \| Construction and land/lots
Financing Receivable, Past Due [Line Items]
Past Due	0	252
Current	68,118	81,607
Total Loans	68,118	81,859
Retail Consumer Loans \| Construction and land/lots \| 30-89 Days
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Retail Consumer Loans \| Construction and land/lots \| 90 Days+
Financing Receivable, Past Due [Line Items]
Past Due	0	252
Retail Consumer Loans \| Indirect auto finance
Financing Receivable, Past Due [Line Items]
Past Due	747	1,041
Current	118,909	131,262
Total Loans	119,656	132,303
Retail Consumer Loans \| Indirect auto finance \| 30-89 Days
Financing Receivable, Past Due [Line Items]
Past Due	385	756
Retail Consumer Loans \| Indirect auto finance \| 90 Days+
Financing Receivable, Past Due [Line Items]
Past Due	362	285
Retail Consumer Loans \| Consumer
Financing Receivable, Past Due [Line Items]
Past Due	298	55
Current	8,369	10,204
Total Loans	8,667	10,259
Retail Consumer Loans \| Consumer \| 30-89 Days
Financing Receivable, Past Due [Line Items]
Past Due	271	30
Retail Consumer Loans \| Consumer \| 90 Days+
Financing Receivable, Past Due [Line Items]
Past Due	$ 27	$ 25

Leases - Total Equipment Finance Operating Lease Income and Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Operating lease income	$ 1,432	$ 989	$ 4,107	$ 2,215
Depreciation expense	$ 1,417	$ 746	$ 4,371	$ 1,554

Loans - Schedule of Past Due Loans Still Accruing and Nonaccruing Interest (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2021	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	$ 13,225	$ 15,923
90 Days + & still accruing as of March 31, 2021	0
Nonaccrual with no allowance as of March 31, 2021	5,574
Interest income recognized	905
Purchased Credit Impaired (PCI) Loans
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	486
Commercial Loans \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	7,764	8,869
90 Days + & still accruing as of March 31, 2021	0
Nonaccrual with no allowance as of March 31, 2021	4,369
Interest income recognized	371
Commercial Loans \| Construction and development
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	498	465
90 Days + & still accruing as of March 31, 2021	0
Nonaccrual with no allowance as of March 31, 2021	80
Interest income recognized	53
Commercial Loans \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	59	259
90 Days + & still accruing as of March 31, 2021	0
Nonaccrual with no allowance as of March 31, 2021	22
Interest income recognized	68
Commercial Loans \| Equipment finance
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	310	801
90 Days + & still accruing as of March 31, 2021	0
Nonaccrual with no allowance as of March 31, 2021	291
Interest income recognized	104
Commercial Loans \| Municipal finance
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	0	0
90 Days + & still accruing as of March 31, 2021	0
Nonaccrual with no allowance as of March 31, 2021	0
Interest income recognized	0
Retail Consumer Loans \| One-to-four family
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	3,132	3,582
90 Days + & still accruing as of March 31, 2021	0
Nonaccrual with no allowance as of March 31, 2021	812
Interest income recognized	161
Retail Consumer Loans \| HELOCs - originated
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	253	531
90 Days + & still accruing as of March 31, 2021	0
Nonaccrual with no allowance as of March 31, 2021	0
Interest income recognized	36
Retail Consumer Loans \| HELOCs - purchased
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	245	662
90 Days + & still accruing as of March 31, 2021	0
Nonaccrual with no allowance as of March 31, 2021	0
Interest income recognized	39
Retail Consumer Loans \| Construction and land/lots
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	22	37
90 Days + & still accruing as of March 31, 2021	0
Nonaccrual with no allowance as of March 31, 2021	0
Interest income recognized	0
Retail Consumer Loans \| Indirect auto finance
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	642	668
90 Days + & still accruing as of March 31, 2021	0
Nonaccrual with no allowance as of March 31, 2021	0
Interest income recognized	66
Retail Consumer Loans \| Consumer
Accounts, Notes, Loans and Financing Receivable
Nonaccrual loans	300	$ 49
90 Days + & still accruing as of March 31, 2021	0
Nonaccrual with no allowance as of March 31, 2021	0
Interest income recognized	$ 7

Fair Value of Financial Instruments - Schedule of Quantitative Information About Level 3 Fair Value Measurements (Details) $ in Thousands	Mar. 31, 2021 USD ($)	Jun. 30, 2020 USD ($)
Minimum \| Fair Value, Inputs, Level 3 \| Individually evaluated loans \| Collateral discounts
Level 3 fair value measurements during the period	0
Maximum \| Fair Value, Inputs, Level 3 \| Individually evaluated loans \| Collateral discounts
Level 3 fair value measurements during the period	0.52
Maximum \| Fair Value, Inputs, Level 3 \| Individually evaluated loans \| Discount Spread
Level 3 fair value measurements during the period	0.02
Weighted Average \| Fair Value, Inputs, Level 3 \| Individually evaluated loans \| Collateral discounts and discount spread
Level 3 fair value measurements during the period	0.17
Fair Value, Measurements, Nonrecurring
Fair value		$ 9,265
Fair Value, Measurements, Nonrecurring \| Individually evaluated loans
Fair value	$ 10,188	9,168
Fair Value, Measurements, Nonrecurring \| REO
Fair value		97
Fair Value, Measurements, Nonrecurring \| Fair Value, Inputs, Level 3
Fair value		9,265
Fair Value, Measurements, Nonrecurring \| Fair Value, Inputs, Level 3 \| Individually evaluated loans
Fair value	$ 10,188	9,168
Fair Value, Measurements, Nonrecurring \| Fair Value, Inputs, Level 3 \| REO
Fair value		$ 97

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Loan Commitments – Legally binding commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. In the normal course of business, there are various outstanding commitments to extend credit that are not reflected in the consolidated financial statements. At March 31, 2021 and June 30, 2020, respectively, loan commitments (excluding $217,142 and $141,557 of undisbursed portions of construction loans) totaled $146,578 and $57,798 of which $24,883 and $10,678 were variable rate commitments and $121,695 and $47,120 were fixed rate commitments. The fixed rate loans had interest rates ranging from 1.08% to 8.78% at March 31, 2021 and 1.74% to 8.54% at June 30, 2020, and terms ranging from three to 30 years. Pre-approved but unused lines of credit (principally second mortgage home equity loans and overdraft protection loans) totaled $556,501 and $398,781 at March 31, 2021 and June 30, 2020, respectively. These amounts represent the Company's exposure to credit risk, and in the opinion of management have no more than the normal lending risk that the Company commits to its borrowers. The Company has two types of commitments related to certain one-to-four family loans held for sale: rate lock commitments and forward loan commitments. Rate lock commitments are commitments to extend credit to a customer that has an interest rate lock and are considered derivative instruments. The rate lock commitments do not qualify for hedge accounting. In order to mitigate the risk from interest rate fluctuations, the Company enters into forward loan sale commitments on a “best efforts” basis, which do not meet the definition of a derivative instrument. The fair value of these interest rate lock commitments was not material at March 31, 2021 or June 30, 2020. The Company grants construction and permanent loans collateralized primarily by residential and commercial real estate to customers throughout its primary market areas. In addition, the Company grants equipment financing throughout the United States and municipal financing to customers throughout North and South Carolina. The Company’s loan portfolio can be affected by the general economic conditions within these market areas. Management believes that the Company has no significant concentration of credit in the loan portfolio. Restrictions on Cash – In response to COVID-19, the FRB reduced the reserve requirements to zero on March 15, 2020. Prior to this change the Bank was required by regulation to maintain a varying cash reserve balance with the FRB. Guarantees – Standby letters of credit obligate the Company to meet certain financial obligations of its customers, if, under the contractual terms of the agreement, the customers are unable to do so. The financial standby letters of credit issued by the Company are irrevocable and payment is only guaranteed upon the borrower's failure to perform its obligations to the beneficiary. Total commitments under standby letters of credit as of March 31, 2021 and June 30, 2020 were $9,213 and $7,766, respectively. There was no liability recorded for these letters of credit at March 31, 2021 or June 30, 2020, respectively. Litigation – From time to time, the Company is involved in litigation matters in the ordinary course of business. These proceedings and the associated legal claims are often contested, and the outcome of individual matters is not always predictable. These claims and counter claims typically arise during the course of collection efforts on problem loans or with respect to actions to enforce liens on properties in which the Company holds a security interest. The Company is not a party to any pending legal proceedings that management believes would have a material adverse effect on the Company’s financial condition or results of operations.

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	Mar. 31, 2021 USD ($)
Accounting Policies [Abstract]
Accrued interest receivable for investment securities available for sale	$ 588

Debt Securities - Narrative (Details)

9 Months Ended

Mar. 31, 2021

USD ($)

security

Mar. 31, 2020

USD ($)

Jun. 30, 2020

USD ($)

security

Debt Securities, Available-for-sale [Line Items]

Estimated Fair Value

$ 162,417,000

$ 127,537,000

^[1]

Proceeds from sale of securities available for sale

$ 0

Gross realized gain (loss)

$ 0

Securities available for sale pledged as collateral market value

$ 94,031,000

$ 84,456,000

Number of securities with unrealized losses | security

Collateral Pledged

Debt Securities, Available-for-sale [Line Items]

Estimated Fair Value

$ 92,815,000

$ 82,888,000

[1]	Derived from audited financial statements.

Fair Value of Financial Instruments - Schedule of Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Fair Value, Inputs, Level 1 \| Cash and interest-bearing deposits
Financial Instruments Owned	$ 164,095	$ 121,622
Fair Value, Inputs, Level 1 \| Commercial paper
Financial Instruments Owned	238,445	304,967
Fair Value, Inputs, Level 1 \| Certificates of deposit in other banks
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 1 \| Securities available for sale
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 1 \| Loans, net
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 1 \| Loans held for sale
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 1 \| FHLB Stock
Financial Instruments Owned	12,152	23,309
Fair Value, Inputs, Level 1 \| FRB Stock
Financial Instruments Owned	7,379	7,368
Fair Value, Inputs, Level 1 \| Small Business Investment Company Funds
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 1 \| Accrued interest receivable
Financial Instruments Owned	0	208
Fair Value, Inputs, Level 1 \| Noninterest-bearing and NOW deposits
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 1 \| Money market accounts
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 1 \| Savings accounts
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 1 \| Certificates of deposit
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 1 \| Other borrowings
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 1 \| Accrued interest payable
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 2 \| Cash and interest-bearing deposits
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 2 \| Commercial paper
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 2 \| Certificates of deposit in other banks
Financial Instruments Owned	42,015	55,689
Fair Value, Inputs, Level 2 \| Securities available for sale
Financial Instruments Owned	162,417	127,537
Fair Value, Inputs, Level 2 \| Loans, net
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 2 \| Loans held for sale
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 2 \| FHLB Stock
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 2 \| FRB Stock
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 2 \| Small Business Investment Company Funds
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 2 \| Accrued interest receivable
Financial Instruments Owned	582	744
Fair Value, Inputs, Level 2 \| Noninterest-bearing and NOW deposits
Financial Instruments Owned	1,255,951	1,012,200
Fair Value, Inputs, Level 2 \| Money market accounts
Financial Instruments Owned	927,519	836,738
Fair Value, Inputs, Level 2 \| Savings accounts
Financial Instruments Owned	221,537	197,676
Fair Value, Inputs, Level 2 \| Certificates of deposit
Financial Instruments Owned	505,865	745,078
Fair Value, Inputs, Level 2 \| Other borrowings
Financial Instruments Owned	291,259	511,529
Fair Value, Inputs, Level 2 \| Accrued interest payable
Financial Instruments Owned	388	1,087
Fair Value, Inputs, Level 3 \| Cash and interest-bearing deposits
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 3 \| Commercial paper
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 3 \| Certificates of deposit in other banks
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 3 \| Securities available for sale
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 3 \| Loans, net
Financial Instruments Owned	2,633,221	2,692,265
Fair Value, Inputs, Level 3 \| Loans held for sale
Financial Instruments Owned	88,292	78,129
Fair Value, Inputs, Level 3 \| FHLB Stock
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 3 \| FRB Stock
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 3 \| Small Business Investment Company Funds
Financial Instruments Owned	9,368	8,269
Fair Value, Inputs, Level 3 \| Accrued interest receivable
Financial Instruments Owned	7,689	11,360
Fair Value, Inputs, Level 3 \| Noninterest-bearing and NOW deposits
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 3 \| Money market accounts
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 3 \| Savings accounts
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 3 \| Certificates of deposit
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 3 \| Other borrowings
Financial Instruments Owned	0	0
Fair Value, Inputs, Level 3 \| Accrued interest payable
Financial Instruments Owned	0	0
Carrying Value \| Cash and interest-bearing deposits
Financial Instruments Owned	164,095	121,622
Carrying Value \| Commercial paper
Financial Instruments Owned	238,445	304,967
Carrying Value \| Certificates of deposit in other banks
Financial Instruments Owned	42,015	55,689
Carrying Value \| Securities available for sale
Financial Instruments Owned	162,417	127,537
Carrying Value \| Loans, net
Financial Instruments Owned	2,654,094	2,741,047
Carrying Value \| Loans held for sale
Financial Instruments Owned	86,708	77,177
Carrying Value \| FHLB Stock
Financial Instruments Owned	12,152	23,309
Carrying Value \| FRB Stock
Financial Instruments Owned	7,379	7,368
Carrying Value \| Small Business Investment Company Funds
Financial Instruments Owned	9,368	8,269
Carrying Value \| Accrued interest receivable
Financial Instruments Owned	8,271	12,312
Carrying Value \| Noninterest-bearing and NOW deposits
Financial Instruments Owned	1,255,951	1,012,200
Carrying Value \| Money market accounts
Financial Instruments Owned	927,519	836,738
Carrying Value \| Savings accounts
Financial Instruments Owned	221,537	197,676
Carrying Value \| Certificates of deposit
Financial Instruments Owned	503,471	739,142
Carrying Value \| Other borrowings
Financial Instruments Owned	275,000	475,000
Carrying Value \| Accrued interest payable
Financial Instruments Owned	388	1,087
Fair Value \| Cash and interest-bearing deposits
Financial Instruments Owned	164,095	121,622
Fair Value \| Commercial paper
Financial Instruments Owned	238,445	304,967
Fair Value \| Certificates of deposit in other banks
Financial Instruments Owned	42,015	55,689
Fair Value \| Securities available for sale
Financial Instruments Owned	162,417	127,537
Fair Value \| Loans, net
Financial Instruments Owned	2,633,221	2,692,265
Fair Value \| Loans held for sale
Financial Instruments Owned	88,292	78,129
Fair Value \| FHLB Stock
Financial Instruments Owned	12,152	23,309
Fair Value \| FRB Stock
Financial Instruments Owned	7,379	7,368
Fair Value \| Small Business Investment Company Funds
Financial Instruments Owned	9,368	8,269
Fair Value \| Accrued interest receivable
Financial Instruments Owned	8,271	12,312
Fair Value \| Noninterest-bearing and NOW deposits
Financial Instruments Owned	1,255,951	1,012,200
Fair Value \| Money market accounts
Financial Instruments Owned	927,519	836,738
Fair Value \| Savings accounts
Financial Instruments Owned	221,537	197,676
Fair Value \| Certificates of deposit
Financial Instruments Owned	505,865	745,078
Fair Value \| Other borrowings
Financial Instruments Owned	291,259	511,529
Fair Value \| Accrued interest payable
Financial Instruments Owned	$ 388	$ 1,087

Fair Value of Financial Instruments - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	$ 162,417	$ 127,537
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	162,417	127,537
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
US Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	19,108	4,173
US Government Agencies \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
US Government Agencies \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	19,108	4,173
US Government Agencies \| Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Residential MBS of U.S. government agencies and GSEs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	42,237	48,355
Residential MBS of U.S. government agencies and GSEs \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Residential MBS of U.S. government agencies and GSEs \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	42,237	48,355
Residential MBS of U.S. government agencies and GSEs \| Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	9,600	16,631
Municipal bonds \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Municipal bonds \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	9,600	16,631
Municipal bonds \| Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	91,472	58,378
Corporate bonds \| Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Corporate bonds \| Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	91,472	58,378
Corporate bonds \| Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	$ 0	$ 0

Fair Value of Financial Instruments - Schedule of Fair Value Measurements, Nonrecurring (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis		$ 9,265
Individually evaluated loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	$ 10,188	9,168
REO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis		97
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis		0
Fair Value, Inputs, Level 1 \| Individually evaluated loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Fair Value, Inputs, Level 1 \| REO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis		0
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis		0
Fair Value, Inputs, Level 2 \| Individually evaluated loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	0	0
Fair Value, Inputs, Level 2 \| REO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis		0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis		9,265
Fair Value, Inputs, Level 3 \| Individually evaluated loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	$ 10,188	9,168
Fair Value, Inputs, Level 3 \| REO
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis		$ 97

Loans - Financing Receivable Credit Quality Indicators, Prior to Adoption of ASU 2016-13 (Details) $ in Thousands	Jun. 30, 2020 USD ($)
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	$ 2,756,138
Pass
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	2,694,017
Special Mention
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	33,803
Substandard
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	28,095
Doubtful
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	207
Loss
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	16
Commercial Loans \| PPP
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	80,697
Commercial Loans \| Commercial real estate
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	1,047,084
Commercial Loans \| Construction and development
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	215,344
Commercial Loans \| Commercial and industrial
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	153,263
Commercial Loans \| Equipment finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	229,239
Commercial Loans \| Municipal finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	127,987
Commercial Loans \| Pass \| PPP
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	80,697
Commercial Loans \| Pass \| Commercial real estate
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	1,028,709
Commercial Loans \| Pass \| Construction and development
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	212,370
Commercial Loans \| Pass \| Commercial and industrial
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	130,202
Commercial Loans \| Pass \| Equipment finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	228,288
Commercial Loans \| Pass \| Municipal finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	127,706
Commercial Loans \| Special Mention \| PPP
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Commercial Loans \| Special Mention \| Commercial real estate
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	7,580
Commercial Loans \| Special Mention \| Construction and development
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	2,723
Commercial Loans \| Special Mention \| Commercial and industrial
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	20,439
Commercial Loans \| Special Mention \| Equipment finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	150
Commercial Loans \| Special Mention \| Municipal finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	281
Commercial Loans \| Substandard \| PPP
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Commercial Loans \| Substandard \| Commercial real estate
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	10,779
Commercial Loans \| Substandard \| Construction and development
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	250
Commercial Loans \| Substandard \| Commercial and industrial
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	2,622
Commercial Loans \| Substandard \| Equipment finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	801
Commercial Loans \| Substandard \| Municipal finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Commercial Loans \| Doubtful \| PPP
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Commercial Loans \| Doubtful \| Commercial real estate
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Commercial Loans \| Doubtful \| Construction and development
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	1
Commercial Loans \| Doubtful \| Commercial and industrial
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Commercial Loans \| Doubtful \| Equipment finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Commercial Loans \| Doubtful \| Municipal finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Commercial Loans \| Loss \| PPP
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Commercial Loans \| Loss \| Commercial real estate
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	16
Commercial Loans \| Loss \| Construction and development
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Commercial Loans \| Loss \| Commercial and industrial
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Commercial Loans \| Loss \| Equipment finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Commercial Loans \| Loss \| Municipal finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| One-to-four family
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	469,220
Retail Consumer Loans \| HELOCs - originated
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	137,447
Retail Consumer Loans \| HELOCs - purchased
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	71,781
Retail Consumer Loans \| Construction and land/lots
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	81,514
Retail Consumer Loans \| Indirect auto finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	132,303
Retail Consumer Loans \| Consumer
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	10,259
Retail Consumer Loans \| Pass \| One-to-four family
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	458,248
Retail Consumer Loans \| Pass \| HELOCs - originated
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	134,697
Retail Consumer Loans \| Pass \| HELOCs - purchased
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	71,119
Retail Consumer Loans \| Pass \| Construction and land/lots
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	81,112
Retail Consumer Loans \| Pass \| Indirect auto finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	130,975
Retail Consumer Loans \| Pass \| Consumer
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	9,894
Retail Consumer Loans \| Special Mention \| One-to-four family
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	1,724
Retail Consumer Loans \| Special Mention \| HELOCs - originated
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	902
Retail Consumer Loans \| Special Mention \| HELOCs - purchased
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| Special Mention \| Construction and land/lots
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| Special Mention \| Indirect auto finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| Special Mention \| Consumer
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	4
Retail Consumer Loans \| Substandard \| One-to-four family
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	9,042
Retail Consumer Loans \| Substandard \| HELOCs - originated
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	1,848
Retail Consumer Loans \| Substandard \| HELOCs - purchased
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	662
Retail Consumer Loans \| Substandard \| Construction and land/lots
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	402
Retail Consumer Loans \| Substandard \| Indirect auto finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	1,328
Retail Consumer Loans \| Substandard \| Consumer
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	361
Retail Consumer Loans \| Doubtful \| One-to-four family
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	206
Retail Consumer Loans \| Doubtful \| HELOCs - originated
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| Doubtful \| HELOCs - purchased
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| Doubtful \| Construction and land/lots
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| Doubtful \| Indirect auto finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| Doubtful \| Consumer
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| Loss \| One-to-four family
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| Loss \| HELOCs - originated
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| Loss \| HELOCs - purchased
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| Loss \| Construction and land/lots
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| Loss \| Indirect auto finance
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	0
Retail Consumer Loans \| Loss \| Consumer
Financing Receivable, Recorded Investment
Non-purchased and purchased performing loans	$ 0