0001538263-22-000021 | 10-Q | XBRL Viewer

Loans and Allowance for Credit Losses on Loans

Loans consist of the following at the dates indicated:


	March 31, 2022		June 30, 2021
Commercial loans:
Commercial real estate	$	1,102,184	$	1,142,276
Construction and development	251,668		179,427
Commercial and industrial	167,342		141,341
Equipment finance	378,629		317,920
Municipal finance	130,260		140,421
PPP loans	2,756		46,650
Total commercial loans	2,032,839		1,968,035
Retail consumer loans:
One-to-four family	347,945		406,549
HELOCs - originated	128,445		130,225
HELOCs - purchased	26,911		38,976
Construction and land/lots	72,735		66,027
Indirect auto finance	83,903		115,093
Consumer	6,760		8,362
Total retail consumer loans	666,699		765,232
Total loans, net of deferred loan fees and costs	2,699,538		2,733,267


Allowance for credit losses on loans	(31,034)		(35,468)
Loans, net	$	2,668,504	$	2,697,799

_________________________________________________________________

(1) At March 31, 2022 and June 30, 2021 accrued interest receivable of $7,427 and $7,339 was accounted for separately from the amortized cost basis.

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, 2022	2022		2021		2020		2019		2018		Prior		Revolving		Total
Commercial real estate
Risk rating:
Pass	$	135,883	$	218,034	$	162,102	$	115,537	$	119,739	$	293,512	$	23,238	$	1,068,045
Special mention	730		—		401		432		15,377		13,410		—		30,350
Substandard	—		—		—		—		592		2,800		397		3,789
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	136,613	$	218,034	$	162,503	$	115,969	$	135,708	$	309,722	$	23,635	$	1,102,184

Construction and development
Risk rating:
Pass	$	26,859	$	15,907	$	2,241	$	2,687	$	4,530	$	5,932	$	187,373	$	245,529
Special mention	—		—		—		—		—		186		4,715		4,901
Substandard	906		—		—		—		—		332		—		1,238
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and development	$	27,765	$	15,907	$	2,241	$	2,687	$	4,530	$	6,450	$	192,088	$	251,668

Commercial and industrial
Risk rating:
Pass	$	43,193	$	21,537	$	11,960	$	11,645	$	7,136	$	22,202	$	43,889	$	161,562
Special mention	—		104		—		—		—		94		97		295
Substandard	—		670		347		860		—		53		3,555		5,485
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial and industrial	$	43,193	$	22,311	$	12,307	$	12,505	$	7,136	$	22,349	$	47,541	$	167,342

Equipment finance
Risk rating:
Pass	$	142,026	$	125,396	$	75,126	$	32,142	$	2,278	$	—	$	—	$	376,968
Special mention	366		74		572		294		—		—		—		1,306
Substandard	—		—		49		156		—		—		—		205
Doubtful	—		—		—		150		—		—		—		150
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	142,392	$	125,470	$	75,747	$	32,742	$	2,278	$	—	$	—	$	378,629

Municipal leases
Risk rating:
Pass	$	16,684	$	24,550	$	9,262	$	11,768	$	14,370	$	42,005	$	11,584	$	130,223
Special mention	—		37		—		—		—		—		—		37
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	16,684	$	24,587	$	9,262	$	11,768	$	14,370	$	42,005	$	11,584	$	130,260

PPP loans
Risk rating:
Pass	$	—	$	2,255	$	501	$	—	$	—	$	—	$	—	$	2,756
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total PPP loans	$	—	$	2,255	$	501	$	—	$	—	$	—	$	—	$	2,756

Total commercial loans
Risk rating:
Pass	$	364,645	$	407,679	$	261,192	$	173,779	$	148,053	$	363,651	$	266,084	$	1,985,083
Special mention	1,096		215		973		726		15,377		13,690		4,812		36,889
Substandard	906		670		396		1,016		592		3,185		3,952		10,717
Doubtful	—		—		—		150		—		—		—		150
Loss	—		—		—		—		—		—		—		—
Total commercial loans	$	366,647	$	408,564	$	262,561	$	175,671	$	164,022	$	380,526	$	274,848	$	2,032,839

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


	Term Loans By Origination Fiscal Year
March 31, 2022	2022			2021		2020		2019		2018		Prior		Revolving		Total
One-to-four family
Risk rating:
Pass	$	40,621		$	68,486	$	48,195	$	31,537	$	25,273	$	123,383	$	2,770	$	340,265
Special mention	—			—		—		—		—		858		—		858
Substandard	128			—		1,013		540		434		4,243		—		6,358
Doubtful	—			—		—		—		—		157		—		157
Loss	—			—		—		—		—		307		—		307
Total one-to-four family	$	40,749		$	68,486	$	49,208	$	32,077	$	25,707	$	128,948	$	2,770	$	347,945

HELOCs - originated
Risk rating:
Pass	$	627		$	997	$	286	$	1,229	$	227	$	7,901	$	116,176	$	127,443
Special mention	—			—		—		—		—		9		—		9
Substandard	—			16		—		—		—		927		50		993
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total HELOCs - originated	$	627		$	1,013	$	286	$	1,229	$	227	$	8,837	$	116,226	$	128,445

HELOCs - purchased
Risk rating:
Pass	$	—		$	—	$	—	$	—	$	—	$	—	$	26,278	$	26,278
Special mention	—			—		—		—		—		—		—		—
Substandard	—			—		—		—		—		—		633		633
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total HELOCs - purchased	$	—		$	—	$	—	$	—	$	—	$	—	$	26,911	$	26,911

Construction and land/lots
Risk rating:
Pass	$	1,373		$	13,510	$	1,691	$	53	$	—	$	1,967	$	53,757	$	72,351
Special mention	—			—		—		—		—		—		—		—
Substandard	—			—		—		—		—		384		—		384
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total construction and land/lots	$	1,373		$	13,510	$	1,691	$	53	$	—	$	2,351	$	53,757	$	72,735

Indirect auto finance
Risk rating:
Pass	$	19,476		$	22,276	$	17,783	$	9,522	$	10,238	$	3,529	$	—	$	82,824
Special mention	—		0	—		—		—		—		—		—		—
Substandard	62			195		321		136		250		115		—		1,079
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total indirect auto finance	$	19,538		$	22,471	$	18,104	$	9,658	$	10,488	$	3,644	$	—	$	83,903

Consumer
Risk rating:
Pass	$	572		$	954	$	653	$	4,036	$	118	$	101	$	257	$	6,691
Special mention	—			—		—		—		—		—		—		—
Substandard	—			8		—		19		10		18		14		69
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total consumer	$	572		$	962	$	653	$	4,055	$	128	$	119	$	271	$	6,760

Total retail consumer loans
Risk rating:
Pass	$	62,669		$	106,223	$	68,608	$	46,377	$	35,856	$	136,881	$	199,238	$	655,852
Special mention	—			—		—		—		—		867		—		867
Substandard	190			219		1,334		695		694		5,687		697		9,516
Doubtful	—			—		—		—		—		157		—		157
Loss	—			—		—		—		—		307		—		307
Total retail consumer loans	$	62,859		$	106,442	$	69,942	$	47,072	$	36,550	$	143,899	$	199,935	$	666,699

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


	Term Loans By Origination Fiscal Year
June 30, 2021	2021		2020		2019		2018		2017		Prior		Revolving		Total
Commercial real estate
Risk rating:
Pass	$	227,850	$	177,691	$	142,407	$	158,147	$	158,525	$	220,834	$	25,860	$	1,111,314
Special mention	—		—		—		16,951		1,256		3,092		—		21,299
Substandard	—		—		—		630		4,993		3,642		398		9,663
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	227,850	$	177,691	$	142,407	$	175,728	$	164,774	$	227,568	$	26,258	$	1,142,276

Construction and development
Risk rating:
Pass	18,262		6,523		10,349		6,008		2,693		7,153		123,843		$	174,831
Special mention	—		—		—		—		—		286		3,827		4,113
Substandard	—		—		—		—		—		482		—		482
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		1		—		1
Total construction and development	$	18,262	$	6,523	$	10,349	$	6,008	$	2,693	$	7,922	$	127,670	$	179,427

Commercial and industrial
Risk rating:
Pass	29,606		14,010		18,826		10,759		15,346		10,589		36,165		$	135,301
Special mention	—		21		438		110		32		125		37		763
Substandard	31		33		300		—		—		83		4,829		5,276
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		1		—		1
Total commercial and industrial	$	29,637	$	14,064	$	19,564	$	10,869	$	15,378	$	10,798	$	41,031	$	141,341

Equipment finance
Risk rating:
Pass	154,685		104,681		53,178		4,773		—		—		—		$	317,317
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		323		—		—		—		—		323
Doubtful	—		—		280		—		—		—		—		280
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	154,685	$	104,681	$	53,781	$	4,773	$	—	$	—	$	—	$	317,920

Municipal leases
Risk rating:
Pass	23,358		19,240		14,005		17,979		9,738		47,144		8,700		$	140,164
Special mention	—		—		—		—		—		257		—		257
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	23,358	$	19,240	$	14,005	$	17,979	$	9,738	$	47,401	$	8,700	$	140,421

PPP loans
Risk rating:
Pass	29,667		16,983		—		—		—		—		—		$	46,650
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total PPP loans	$	29,667	$	16,983	$	—	$	—	$	—	$	—	$	—	$	46,650

Total commercial loans
Risk rating:
Pass	$	483,428	$	339,128	$	238,765	$	197,666	$	186,302	$	285,720	$	194,568	$	1,925,577
Special mention	—		21		438		17,061		1,288		3,760		3,864		26,432
Substandard	31		33		623		630		4,993		4,207		5,227		15,744
Doubtful	—		—		280		—		—		—		—		280
Loss	—		—		—		—		—		2		—		2
Total commercial loans	$	483,459	$	339,182	$	240,106	$	215,357	$	192,583	$	293,689	$	203,659	$	1,968,035

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


	Term Loans By Origination Fiscal Year
June 30, 2021	2021		2020		2019		2018		2017		Prior		Revolving		Total
One-to-four family
Risk rating:
Pass	$	72,723	$	52,987	$	46,958	$	40,461	$	37,361	$	143,531	$	4,345	$	398,366
Special mention	—		—		—		—		27		1,084		—		1,111
Substandard	246		981		—		216		86		5,037		—		6,566
Doubtful	—		—		—		—		—		191		—		191
Loss	—		—		—		—		—		315		—		315
Total one-to-four family	$	72,969	$	53,968	$	46,958	$	40,677	$	37,474	$	150,158	$	4,345	$	406,549

HELOCs - originated
Risk rating:
Pass	2,767		465		1,294		217		716		9,469		114,048		$	128,976
Special mention	—		—		—		—		—		12		—		12
Substandard	—		—		159		—		38		935		105		1,237
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total HELOCs - originated	$	2,767	$	465	$	1,453	$	217	$	754	$	10,416	$	114,153	$	130,225

HELOCs - purchased
Risk rating:
Pass	—		—		—		—		—		—		38,523		$	38,523
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		453		453
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total HELOCs - purchased	$	—	$	—	$	—	$	—	$	—	$	—	$	38,976	$	38,976

Construction and land/lots
Risk rating:
Pass	4,244		12,133		2,357		956		—		3,558		42,267		$	65,515
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		96		—		416		—		512
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land/lots	$	4,244	$	12,133	$	2,357	$	1,052	$	—	$	3,974	$	42,267	$	66,027

Indirect auto finance
Risk rating:
Pass	42,128		27,134		16,224		18,853		7,561		2,061		—		$	113,961
Special mention	—		—		—		—		—		—		—		—
Substandard	29		415		195		273		143		75		—		1,130
Doubtful	—		—		—		—		—		—		—		—
Loss	2		—		—		—		—		—		—		2
Total indirect auto finance	$	42,159	$	27,549	$	16,419	$	19,126	$	7,704	$	2,136	$	—	$	115,093

Consumer
Risk rating:
Pass	1,344		1,019		5,204		252		90		91		288		$	8,288
Special mention	—		—		—		14		—		—		—		14
Substandard	—		3		19		11		4		10		11		58
Doubtful	—		—		—		—		—		—		—		—
Loss	—		1		1		—		—		—		—		2
Total consumer	$	1,344	$	1,023	$	5,224	$	277	$	94	$	101	$	299	$	8,362

Total retail consumer loans
Risk rating:
Pass	$	123,206	$	93,738	$	72,037	$	60,739	$	45,728	$	158,710	$	199,471	$	753,629
Special mention	—		—		—		14		27		1,096		—		1,137
Substandard	275		1,399		373		596		271		6,473		569		9,956
Doubtful	—		—		—		—		—		191		—		191
Loss	2		1		1		—		—		315		—		319
Total retail consumer loans	$	123,483	$	95,138	$	72,411	$	61,349	$	46,026	$	166,785	$	200,040	$	765,232

The following tables present aging analysis of past due loans (includes nonaccrual loans) by segment and class for the periods indicated below:



	Past Due								Total
	30-89 Days		90 Days+		Total		Current		Loans
March 31, 2022
Commercial loans:
Commercial real estate	$	—	$	247	$	247	$	1,101,937	$	1,102,184
Construction and development	—		246		246		251,422		251,668
Commercial and industrial	—		67		67		167,275		167,342
Equipment finance	65		33		98		378,531		378,629
Municipal finance	—		—		—		130,260		130,260
PPP loans	—		—		—		2,756		2,756
Retail consumer loans:
One-to-four family	347		1,329		1,676		346,269		347,945
HELOCs - originated	28		178		206		128,239		128,445
HELOCs - purchased	142		—		142		26,769		26,911
Construction and land/lots	—		140		140		72,595		72,735
Indirect auto finance	307		156		463		83,440		83,903
Consumer	24		38		62		6,698		6,760
Total loans	$	913	$	2,434	$	3,347	$	2,696,191	$	2,699,538


	Past Due								Total
	30-89 Days		90 Days+		Total		Current		Loans
June 30, 2021
Commercial loans:
Commercial real estate	$	396	$	1,680	$	2,076	$	1,140,200	$	1,142,276
Construction and development	—		37		37		179,390		179,427
Commercial and industrial	634		19		653		140,688		141,341
Equipment finance	—		347		347		317,573		317,920
Municipal finance	—		—		—		140,421		140,421
PPP loans	—		—		—		46,650		46,650
Retail consumer loans:
One-to-four family	1,112		1,124		2,236		404,313		406,549
HELOCs - originated	290		186		476		129,749		130,225
HELOCs - purchased	198		79		277		38,699		38,976
Construction and land/lots	6		35		41		65,986		66,027
Indirect auto finance	299		259		558		114,535		115,093
Consumer	378		36		414		7,948		8,362
Total loans	$	3,313	$	3,802	$	7,115	$	2,726,152	$	2,733,267

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, 2022.


	March 31, 2022		June 30, 2021		90 Days + & Still Accruing as of March 31, 2022		Nonaccrual With No Allowance as of March 31, 2022		Interest Income Recognized
Commercial loans:
Commercial real estate	$	1,033	$	7,015	$	—	$	284	$	28
Construction and development	332		482		—		—		6
Commercial and industrial	919		49		—		—		17
Equipment finance	289		630		—		—		9


Retail consumer loans:
One-to-four family	1,687		2,625		—		540		37
HELOCs - originated	207		476		—		—		2
HELOCs - purchased	633		453		—		—		19
Construction and land/lots	140		22		—		—		2
Indirect auto finance	505		438		—		—		17
Consumer	66		416		—		—		2






Total loans	$	5,811	$	12,606	$	—	$	824	$	139

The decrease in the nonaccrual balance in the above schedule, compared to June 30, 2021, is mainly due to the payoff of two commercial real estate loan relationships totaling $5.1 million during the nine month period.

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, and/or a longer term to maturity. The above table excludes $10,691 and $11,088 of TDRs that were performing under their restructured payment terms as of March 31, 2022 and June 30, 2021, respectively.

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,
	2022		2021		2022		2021
Provision (benefit) for credit losses:
Loans	$	(640)	$	(3,970)	$	(4,415)	$	(6,370)
Off-balance-sheet credit exposure	650		(130)		415		10
Commercial paper	(55)		—		(5)		180
Total provision (benefit) for credit losses	$	(45)	$	(4,100)	$	(4,005)	$	(6,180)

The following tables present analyses of the ACL on loans by segment for the periods indicated below:


	Three Months Ended						Nine Months Ended
	March 31, 2022						March 31, 2022
	Commercial		Retail Consumer		Total		Commercial		Retail Consumer		Total
Balance at beginning of period	$	22,968	$	7,965	$	30,933	$	24,746	$	10,722	$	35,468

Provision (benefit) for credit losses	(1,295)		655		(640)		(2,058)		(2,357)		(4,415)
Charge-offs	(261)		(73)		(334)		(2,011)		(179)		(2,190)
Recoveries	910		165		1,075		1,645		526		2,171
Net (charge-offs) recoveries	649		92		741		(366)		347		(19)
Balance at end of period	$	22,322	$	8,712	$	31,034	$	22,322	$	8,712	$	31,034


	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 (charge-offs) recoveries	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 tables present ending balances of loans and the related ACL, by segment and class for the periods indicated below:


	Allowance for Credit Losses						Total Loans Receivable
	Loans Individually Evaluated		Loans Collectively Evaluated		Total		Loans Individually Evaluated		Loans Collectively Evaluated		Total
March 31, 2022
Commercial loans:
Commercial real estate	$	—	$	9,157	$	9,157	$	284	$	1,101,900	$	1,102,184
Construction and development	—		3,680		3,680		—		251,668		251,668
Commercial and industrial	1,311		1,593		2,904		2,150		165,192		167,342
Equipment finance	—		6,284		6,284		—		378,629		378,629
Municipal finance	—		297		297		—		130,260		130,260
PPP loans	—		—		—		—		2,756		2,756
Retail consumer loans:
One-to-four family	—		4,400		4,400		2,493		345,452		347,945
HELOCs - originated	—		1,409		1,409		—		128,445		128,445
HELOCs - purchased	—		295		295		—		26,911		26,911
Construction and land/lots	—		903		903		—		72,735		72,735
Indirect auto finance	—		1,586		1,586		—		83,903		83,903
Consumer	—		119		119		—		6,760		6,760
Total	$	1,311	$	29,723	$	31,034	$	4,927	$	2,694,611	$	2,699,538


	Allowance for Loan Losses						Total Loans Receivable
	Loans Individually Evaluated		Loans Collectively Evaluated		Total		Loans Individually Evaluated		Loans Collectively Evaluated		Total
June 30, 2021
Commercial loans:
Commercial real estate	$	456	$	12,826	$	13,282	$	5,729	$	1,136,547	$	1,142,276
Construction and development	—		1,801		1,801		80		179,347		179,427
Commercial and industrial	9		2,583		2,592		760		140,581		141,341
Equipment finance	—		6,537		6,537		275		317,645		317,920
Municipal finance	—		534		534		—		140,421		140,421
PPP loans	—		—		—		—		46,650		46,650
Retail consumer loans:
One-to-four family	2		5,407		5,409		1,977		404,572		406,549
HELOCs - originated	—		1,512		1,512		—		130,225		130,225
HELOCs - purchased	—		452		452		—		38,976		38,976
Construction and land/lots	—		812		812		—		66,027		66,027
Indirect auto finance	—		2,367		2,367		—		115,093		115,093
Consumer	—		170		170		—		8,362		8,362
Total	$	467	$	35,001	$	35,468	$	8,821	$	2,724,446	$	2,733,267

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 tables provide a breakdown between loans identified as CDAs and non-CDAs, by segment and class, and securing collateral, as well as collateral coverage for those loans for the periods indicated below:


	Type of Collateral and Extent to Which Collateral Secures Financial Assets
March 31, 2022	Residential Property		Investment Property		Commercial Property		Business Assets		Financial Assets Not Considered Collateral Dependent		Total

Commercial loans:
Commercial real estate	$	—	$	—	$	282	$	—	$	1,101,902	$	1,102,184
Construction and development	—		—		—		—		251,668		251,668
Commercial and industrial	—		—		—		1,311		166,031		167,342
Equipment finance	—		—		—		—		378,629		378,629
Municipal finance	—		—		—		—		130,260		130,260
PPP loans	—		—		—		—		2,756		2,756
Retail consumer loans:
One-to-four family	1,347		—		—		—		346,598		347,945
HELOCs - originated	—		—		—		—		128,445		128,445
HELOCs - purchased	—		—		—		—		26,911		26,911
Construction and land/lots	—		—		—		—		72,735		72,735
Indirect auto finance	—		—		—		—		83,903		83,903
Consumer	—		—		—		—		6,760		6,760
Total	$	1,347	$	—	$	282	$	1,311	$	2,696,598	$	2,699,538
Total Collateral Value	$	2,285	$	—	$	288	$	—


	Type of Collateral and Extent to Which Collateral Secures Financial Assets
June 30, 2021	Residential Property		Investment Property		Commercial Property		Business Assets		Financial Assets Not Considered Collateral Dependent		Total

Commercial loans:
Commercial real estate	$	—	$	3,421	$	2,308	$	—	$	1,136,547	$	1,142,276
Construction and development	—		80		—		—		179,347		179,427
Commercial and industrial	—		—		—		25		141,316		141,341
Equipment finance	—		—		—		—		317,920		317,920
Municipal finance	—		—		—		—		140,421		140,421
PPP loans	—		—		—		—		46,650		46,650
Retail consumer loans:
One-to-four family	807		—		—		—		405,742		406,549
HELOCs - originated	—		—		—		—		130,225		130,225
HELOCs - purchased	—		—		—		—		38,976		38,976
Construction and land/lots	—		—		—		—		66,027		66,027
Indirect auto finance	—		—		—		—		115,093		115,093
Consumer	—		—		—		—		8,362		8,362
Total	$	807	$	3,501	$	2,308	$	25	$	2,726,626	$	2,733,267
Total Collateral Value	$	1,160	$	3,602	$	2,723	$	26

The following table presents a breakdown of the types of concessions made on TDRs by loan class for the period indicated below:



	Three Months Ended March 31,
	2022					2021
	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


















Other TDRs:
Commercial:


Commercial and industrial	2	$	841	$	835	—	$	—	$	—

Retail consumer:
One-to-four family	1	37		37		2	212		212
HELOCs - originated	—	—		—		2	53		74

Indirect auto finance	1	5		5		3	28		32

Total	4	$	883	$	877	7	$	293	$	318


	Nine Months Ended March 31,
	2022					2021
	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:


Retail consumer:
One-to-four family	1	$	124	$	121	—	$	—	$	—


Total below market interest rate	1	124		121		—	—		—
Extended payment terms:



Retail consumer:
One-to-four family	1	35		35		—	—		—
HELOCs - originated	1	50		50		—	—		—


Total extended payment terms	2	85		85		—	—		—
Other TDRs:
Commercial:
Commercial real estate	—	—		—		1	4,408		4,407

Commercial and industrial	2	841		835		—	—		—
Retail consumer:
One-to-four family	2	93		92		4	269		261
HELOCs - originated	1	18		18		2	53		74
Construction and land/lots	—	—		—		1	225		219
Indirect auto finance	6	89		82		11	150		110

Total other TDRs	11	1,041		1,027		19	5,105		5,071
Total	11	$	1,250	$	1,233	19	$	5,105	$	5,071

The following table presents loans that were modified as TDRs within the previous 12 months and for which there was a payment default during the periods indicated below:


	Three Months Ended March 31,
	2022			2021
	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,
	2022			2021
	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment








Other TDRs:
Retail consumer:


Indirect auto finance	2	$	44	2	$	26




Total	2	$	44	2	$	26

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.

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, 2022, the allowance for credit losses on off-balance-sheet credit exposures included in other liabilities was $2,738.

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 were not considered TDRs; however, the relief offered by the CARES Act ended December 31, 2021.

The Bank offered payment and financial relief programs for borrowers impacted by COVID-19. These programs included loan payment deferrals for up to 90 days (which could be renewed for another 90 days under certain circumstances), waived late fees, and suspension of foreclosure proceedings and repossessions. Since March 2020, the Company 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.

As of March 31, 2022, the Company had no loans with full principal and interest payment deferrals related to COVID-19 which had been granted prior to January 1, 2022, compared to $107 at June 30, 2021. All loans placed on full payment deferral during the pandemic have come out of deferral and borrowers are either making regular loan payments or interest-only payments. As of March 31, 2022, the Company had $9,605 in commercial loan deferrals on interest-only payments compared to $78,850 at June 30, 2021.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Mar. 31, 2022
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, 2022 and June 30, 2021, respectively, loan commitments (excluding $290,532 and $277,600 of undisbursed portions of construction loans) totaled $95,848 and $123,463 of which $29,156 and $45,270 were variable rate commitments and $66,692 and $78,193 were fixed rate commitments. The fixed rate loans had interest rates ranging from 1.08% to 8.65% at March 31, 2022 and 2.50% to 8.36% at June 30, 2021, 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 $498,315 and $530,505 at March 31, 2022 and June 30, 2021, 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, 2022 or June 30, 2021. 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, 2022 and June 30, 2021 were $17,492 and $8,681, respectively. There was no liability recorded for these letters of credit at March 31, 2022 or June 30, 2021, 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.

Equity Incentive Plan

9 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Equity Incentive Plan

The 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. The Company repurchased a number of shares on the open market sufficient to cover awards of restricted stock and restricted stock units available to be granted under the 2013 Omnibus Incentive Plan, for $13,297, at an average cost of $15.71 per share during the year ended June 30, 2013.

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, 2022 and 2021, respectively:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Share-based compensation expense	$	507	$	489	$	1,407	$	1,449
Tax benefit	120		115		332		341

The table below presents stock option activity and related information for the nine months ended March 31, 2022 and 2021:


	Options	Weighted- Average Exercise Price		Remaining Contractual Life (Years)	Aggregate Intrinsic Value
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

Options outstanding at June 30, 2021	1,319,456	$	19.07	3.9	$	11,657
Granted	42,850	31.35		—	—

Exercised	(413,636)	14.70		—	—
Forfeited	(20,800)	23.17		—	—

Options outstanding at March 31, 2022	927,870	$	21.49	4.3	$	7,541
Exercisable at March 31, 2022	756,720	$	20.24	3.5	$	7,028
Non-vested at March 31, 2022	171,150	$	26.99	7.7	$	513

Assumptions used in estimating the fair value of options granted during the nine months ended March 31, 2022 and 2021 are presented below:



	March 31, 2022			March 31, 2021

Weighted-average volatility	28.02		%	28.30		%
Expected dividend yield	1.12		%	1.35		%
Risk-free interest rate	1.90		%	0.72		%
Expected life (years)	6.5			6.5
Weighted-average fair value of options granted	$	8.68		$	5.61

At March 31, 2022, the Company had $1,076 of unrecognized compensation expense related to 171,150 stock options originally scheduled to vest over a five-year period. The weighted average period over which compensation cost related to non-vested awards expected to be recognized was 1.8 years at March 31, 2022. At March 31, 2021, the Company had $1,460 of unrecognized compensation expense related to 239,750 stock options originally scheduled to vest over a five-year 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.

The table below presents restricted stock award activity and related information:


	Restricted Stock Awards	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
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	$	2,119

Non-vested at June 30, 2021	151,575	$	25.06	$	4,229
Granted	49,679	31.35		—
Vested	(53,744)	25.22		—
Forfeited	(12,000)	24.90		—
Non-vested at March 31, 2022	135,510	$	27.41	$	2,817

The table above includes non-vested performance-based restricted stock units totaling 33,218 and 28,852 at March 31, 2022 and 2021, respectively. Each issuance of these stock units is scheduled to vest over 3.0 years assuming the applicable dilutive EPS goals are met.

At March 31, 2022, unrecognized compensation expense was $3,137 related to 135,510 shares of restricted stock originally scheduled to vest over three- and five-year 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, 2022. At March 31, 2021, unrecognized compensation expense was $3,196 related to 147,647 shares of restricted stock originally scheduled to vest over three- and five-year 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.

Other Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Other Investment Not Readily Marketable [Line Items]
FHLB of Atlanta stock	$ 3,038	$ 6,153
FRB stock	7,413	7,386
Other investments, at cost	23,040	23,710
Small Business Investment Companies (SBIC)
Other Investment Not Readily Marketable [Line Items]
SBIC investments	$ 12,589	$ 10,171

Net Income per Share (Tables)

9 Months Ended

Mar. 31, 2022

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,
	2022		2021		2022		2021
Numerator:
Net income	$	8,023	$	7,869	$	29,628	$	23,083
Allocation of earnings to participating securities	(69)		(72)		(254)		(209)
Numerator for basic EPS - Net income available to common stockholders	$	7,954	$	7,797	$	29,374	$	22,874
Effect of dilutive securities:
Dilutive effect of participating securities	—		2		—		2
Numerator for diluted EPS	$	7,954	$	7,799	$	29,374	$	22,876
Denominator:
Weighted-average common shares outstanding - basic	15,523,813		15,979,590		15,666,093		16,139,059
Dilutive effect of assumed exercises of stock options	269,199		506,128		331,284		200,071
Weighted-average common shares outstanding - diluted	15,793,012		16,485,718		15,997,377		16,339,130
Net income per share - basic	$	0.51	$	0.49	$	1.87	$	1.42
Net income per share - diluted	$	0.51	$	0.48	$	1.84	$	1.40

Fair Value of Financial Instruments - Narrative (Details) $ in Thousands	Mar. 31, 2022 USD ($)	Jun. 30, 2021 USD ($)
Fair Value off-balance sheet risks, amount, liability	$ 902,187	$ 940,249
Minimum \| Fair Value, Inputs, Level 3 \| Real Estate Loans \| Collateral discounts
Level 3 fair value measurements during the period	0.08
Minimum \| Fair Value, Inputs, Level 3 \| Real Estate Loans \| Discount Spread
Level 3 fair value measurements during the period	0.05
Maximum \| Fair Value, Inputs, Level 3 \| Real Estate Loans \| Collateral discounts
Level 3 fair value measurements during the period	0.12
Maximum \| Fair Value, Inputs, Level 3 \| Real Estate Loans \| Discount Spread
Level 3 fair value measurements during the period	0.15

Debt Securities - Narrative (Details)	9 Months Ended
Debt Securities - Narrative (Details)	Mar. 31, 2022 USD ($) security	Mar. 31, 2021 USD ($)	Jun. 30, 2021 USD ($) security
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value	$ 106,315,000		$ 156,459,000
Proceeds from sale of securities available for sale	0	$ 0
Gross realized gain (loss)	0	$ 0
Securities available for sale pledged as collateral market value	$ 52,350,000		$ 53,897,000
Number of securities with unrealized losses \| security	124		28
Accrued interest receivable for investment securities available for sale	$ 353,000
Collateral Pledged
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value	$ 53,266,000		$ 52,603,000

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Assets
Cash	$ 19,783	$ 22,312
Interest-bearing deposits	32,267	28,678
Cash and cash equivalents	52,050	50,990
Commercial paper	312,918	189,596
Certificates of deposit in other banks	28,125	40,122
Debt securities available for sale, at fair value (amortized cost of $108,130 and $154,493 at March 31, 2022 and June 30, 2021, respectively)	106,315	156,459
Other investments, at cost	23,040	23,710
Loans held for sale	85,263	93,539
Total loans, net of deferred loan fees and costs	2,699,538	2,733,267
Allowance for credit losses on loans	(31,034)	(35,468)
Loans, net	2,668,504	2,697,799
Premises and equipment, net	69,629	70,909
Accrued interest receivable	7,980	7,933
REO	0	188
Deferred income taxes, net	12,494	16,901
BOLI	94,740	93,108
Goodwill	25,638	25,638
Core deposit intangibles, net	135	343
Other assets	54,954	57,488
Total Assets	3,541,785	3,524,723
Liabilities
Deposits	3,059,157	2,955,541
Borrowings	30,000	115,000
Other liabilities	57,497	57,663
Total liabilities	3,146,654	3,128,204
Stockholders' equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding	0	0
Common stock, $0.01 par value, 60,000,000 shares authorized, 15,978,262 shares issued and outstanding at March 31, 2022; 16,636,483 at June 30, 2021	160	167
Additional paid in capital	136,181	160,582
Retained earnings	265,609	240,075
Unearned ESOP shares	(5,422)	(5,819)
Accumulated other comprehensive income (loss)	(1,397)	1,514
Total stockholders' equity	395,131	396,519
Total liabilities and stockholders' equity	$ 3,541,785	$ 3,524,723

Leases - Total Equipment Finance Operating Lease Income and Depreciation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating lease income	$ 1,661	$ 1,432	$ 4,920	$ 4,107
Depreciation expense	$ 1,339	$ 1,417	$ 4,221	$ 4,371

Net Income per Share - Antidilutive Stock Options (Details) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	47,850	524,850	95,350,000	524,850

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 8,023	$ 7,869	$ 29,628	$ 23,083
Other comprehensive loss
Losses arising during the period	(2,595)	(839)	(3,781)	(724)
Deferred income tax benefit	598	193	870	166
Total other comprehensive loss	(1,997)	(646)	(2,911)	(558)
Comprehensive income	$ 6,026	$ 7,223	$ 26,717	$ 22,525

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

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

Loans and Allowance for Credit Losses on Loans (Tables)

9 Months Ended

Mar. 31, 2022

Schedule of Accounts, Notes, Loans and Financing Receivable

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


	March 31, 2022		June 30, 2021
One-to-four family	$	14,647	$	31,873
SBA	8,105		4,160
HELOCs - originated	62,511		57,506

Total	$	85,263	$	93,539

Loans consist of the following at the dates indicated:


	March 31, 2022		June 30, 2021
Commercial loans:
Commercial real estate	$	1,102,184	$	1,142,276
Construction and development	251,668		179,427
Commercial and industrial	167,342		141,341
Equipment finance	378,629		317,920
Municipal finance	130,260		140,421
PPP loans	2,756		46,650
Total commercial loans	2,032,839		1,968,035
Retail consumer loans:
One-to-four family	347,945		406,549
HELOCs - originated	128,445		130,225
HELOCs - purchased	26,911		38,976
Construction and land/lots	72,735		66,027
Indirect auto finance	83,903		115,093
Consumer	6,760		8,362
Total retail consumer loans	666,699		765,232
Total loans, net of deferred loan fees and costs	2,699,538		2,733,267


Allowance for credit losses on loans	(31,034)		(35,468)
Loans, net	$	2,668,504	$	2,697,799

_________________________________________________________________

(1) At March 31, 2022 and June 30, 2021 accrued interest receivable of $7,427 and $7,339 was accounted for separately from the amortized cost basis.

The following tables provide a breakdown between loans identified as CDAs and non-CDAs, by segment and class, and securing collateral, as well as collateral coverage for those loans for the periods indicated below:


	Type of Collateral and Extent to Which Collateral Secures Financial Assets
March 31, 2022	Residential Property		Investment Property		Commercial Property		Business Assets		Financial Assets Not Considered Collateral Dependent		Total

Commercial loans:
Commercial real estate	$	—	$	—	$	282	$	—	$	1,101,902	$	1,102,184
Construction and development	—		—		—		—		251,668		251,668
Commercial and industrial	—		—		—		1,311		166,031		167,342
Equipment finance	—		—		—		—		378,629		378,629
Municipal finance	—		—		—		—		130,260		130,260
PPP loans	—		—		—		—		2,756		2,756
Retail consumer loans:
One-to-four family	1,347		—		—		—		346,598		347,945
HELOCs - originated	—		—		—		—		128,445		128,445
HELOCs - purchased	—		—		—		—		26,911		26,911
Construction and land/lots	—		—		—		—		72,735		72,735
Indirect auto finance	—		—		—		—		83,903		83,903
Consumer	—		—		—		—		6,760		6,760
Total	$	1,347	$	—	$	282	$	1,311	$	2,696,598	$	2,699,538
Total Collateral Value	$	2,285	$	—	$	288	$	—


	Type of Collateral and Extent to Which Collateral Secures Financial Assets
June 30, 2021	Residential Property		Investment Property		Commercial Property		Business Assets		Financial Assets Not Considered Collateral Dependent		Total

Commercial loans:
Commercial real estate	$	—	$	3,421	$	2,308	$	—	$	1,136,547	$	1,142,276
Construction and development	—		80		—		—		179,347		179,427
Commercial and industrial	—		—		—		25		141,316		141,341
Equipment finance	—		—		—		—		317,920		317,920
Municipal finance	—		—		—		—		140,421		140,421
PPP loans	—		—		—		—		46,650		46,650
Retail consumer loans:
One-to-four family	807		—		—		—		405,742		406,549
HELOCs - originated	—		—		—		—		130,225		130,225
HELOCs - purchased	—		—		—		—		38,976		38,976
Construction and land/lots	—		—		—		—		66,027		66,027
Indirect auto finance	—		—		—		—		115,093		115,093
Consumer	—		—		—		—		8,362		8,362
Total	$	807	$	3,501	$	2,308	$	25	$	2,726,626	$	2,733,267
Total Collateral Value	$	1,160	$	3,602	$	2,723	$	26

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, 2022	2022		2021		2020		2019		2018		Prior		Revolving		Total
Commercial real estate
Risk rating:
Pass	$	135,883	$	218,034	$	162,102	$	115,537	$	119,739	$	293,512	$	23,238	$	1,068,045
Special mention	730		—		401		432		15,377		13,410		—		30,350
Substandard	—		—		—		—		592		2,800		397		3,789
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	136,613	$	218,034	$	162,503	$	115,969	$	135,708	$	309,722	$	23,635	$	1,102,184

Construction and development
Risk rating:
Pass	$	26,859	$	15,907	$	2,241	$	2,687	$	4,530	$	5,932	$	187,373	$	245,529
Special mention	—		—		—		—		—		186		4,715		4,901
Substandard	906		—		—		—		—		332		—		1,238
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and development	$	27,765	$	15,907	$	2,241	$	2,687	$	4,530	$	6,450	$	192,088	$	251,668

Commercial and industrial
Risk rating:
Pass	$	43,193	$	21,537	$	11,960	$	11,645	$	7,136	$	22,202	$	43,889	$	161,562
Special mention	—		104		—		—		—		94		97		295
Substandard	—		670		347		860		—		53		3,555		5,485
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial and industrial	$	43,193	$	22,311	$	12,307	$	12,505	$	7,136	$	22,349	$	47,541	$	167,342

Equipment finance
Risk rating:
Pass	$	142,026	$	125,396	$	75,126	$	32,142	$	2,278	$	—	$	—	$	376,968
Special mention	366		74		572		294		—		—		—		1,306
Substandard	—		—		49		156		—		—		—		205
Doubtful	—		—		—		150		—		—		—		150
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	142,392	$	125,470	$	75,747	$	32,742	$	2,278	$	—	$	—	$	378,629

Municipal leases
Risk rating:
Pass	$	16,684	$	24,550	$	9,262	$	11,768	$	14,370	$	42,005	$	11,584	$	130,223
Special mention	—		37		—		—		—		—		—		37
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	16,684	$	24,587	$	9,262	$	11,768	$	14,370	$	42,005	$	11,584	$	130,260

PPP loans
Risk rating:
Pass	$	—	$	2,255	$	501	$	—	$	—	$	—	$	—	$	2,756
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total PPP loans	$	—	$	2,255	$	501	$	—	$	—	$	—	$	—	$	2,756

Total commercial loans
Risk rating:
Pass	$	364,645	$	407,679	$	261,192	$	173,779	$	148,053	$	363,651	$	266,084	$	1,985,083
Special mention	1,096		215		973		726		15,377		13,690		4,812		36,889
Substandard	906		670		396		1,016		592		3,185		3,952		10,717
Doubtful	—		—		—		150		—		—		—		150
Loss	—		—		—		—		—		—		—		—
Total commercial loans	$	366,647	$	408,564	$	262,561	$	175,671	$	164,022	$	380,526	$	274,848	$	2,032,839

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


	Term Loans By Origination Fiscal Year
March 31, 2022	2022			2021		2020		2019		2018		Prior		Revolving		Total
One-to-four family
Risk rating:
Pass	$	40,621		$	68,486	$	48,195	$	31,537	$	25,273	$	123,383	$	2,770	$	340,265
Special mention	—			—		—		—		—		858		—		858
Substandard	128			—		1,013		540		434		4,243		—		6,358
Doubtful	—			—		—		—		—		157		—		157
Loss	—			—		—		—		—		307		—		307
Total one-to-four family	$	40,749		$	68,486	$	49,208	$	32,077	$	25,707	$	128,948	$	2,770	$	347,945

HELOCs - originated
Risk rating:
Pass	$	627		$	997	$	286	$	1,229	$	227	$	7,901	$	116,176	$	127,443
Special mention	—			—		—		—		—		9		—		9
Substandard	—			16		—		—		—		927		50		993
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total HELOCs - originated	$	627		$	1,013	$	286	$	1,229	$	227	$	8,837	$	116,226	$	128,445

HELOCs - purchased
Risk rating:
Pass	$	—		$	—	$	—	$	—	$	—	$	—	$	26,278	$	26,278
Special mention	—			—		—		—		—		—		—		—
Substandard	—			—		—		—		—		—		633		633
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total HELOCs - purchased	$	—		$	—	$	—	$	—	$	—	$	—	$	26,911	$	26,911

Construction and land/lots
Risk rating:
Pass	$	1,373		$	13,510	$	1,691	$	53	$	—	$	1,967	$	53,757	$	72,351
Special mention	—			—		—		—		—		—		—		—
Substandard	—			—		—		—		—		384		—		384
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total construction and land/lots	$	1,373		$	13,510	$	1,691	$	53	$	—	$	2,351	$	53,757	$	72,735

Indirect auto finance
Risk rating:
Pass	$	19,476		$	22,276	$	17,783	$	9,522	$	10,238	$	3,529	$	—	$	82,824
Special mention	—		0	—		—		—		—		—		—		—
Substandard	62			195		321		136		250		115		—		1,079
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total indirect auto finance	$	19,538		$	22,471	$	18,104	$	9,658	$	10,488	$	3,644	$	—	$	83,903

Consumer
Risk rating:
Pass	$	572		$	954	$	653	$	4,036	$	118	$	101	$	257	$	6,691
Special mention	—			—		—		—		—		—		—		—
Substandard	—			8		—		19		10		18		14		69
Doubtful	—			—		—		—		—		—		—		—
Loss	—			—		—		—		—		—		—		—
Total consumer	$	572		$	962	$	653	$	4,055	$	128	$	119	$	271	$	6,760

Total retail consumer loans
Risk rating:
Pass	$	62,669		$	106,223	$	68,608	$	46,377	$	35,856	$	136,881	$	199,238	$	655,852
Special mention	—			—		—		—		—		867		—		867
Substandard	190			219		1,334		695		694		5,687		697		9,516
Doubtful	—			—		—		—		—		157		—		157
Loss	—			—		—		—		—		307		—		307
Total retail consumer loans	$	62,859		$	106,442	$	69,942	$	47,072	$	36,550	$	143,899	$	199,935	$	666,699

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


	Term Loans By Origination Fiscal Year
June 30, 2021	2021		2020		2019		2018		2017		Prior		Revolving		Total
Commercial real estate
Risk rating:
Pass	$	227,850	$	177,691	$	142,407	$	158,147	$	158,525	$	220,834	$	25,860	$	1,111,314
Special mention	—		—		—		16,951		1,256		3,092		—		21,299
Substandard	—		—		—		630		4,993		3,642		398		9,663
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	227,850	$	177,691	$	142,407	$	175,728	$	164,774	$	227,568	$	26,258	$	1,142,276

Construction and development
Risk rating:
Pass	18,262		6,523		10,349		6,008		2,693		7,153		123,843		$	174,831
Special mention	—		—		—		—		—		286		3,827		4,113
Substandard	—		—		—		—		—		482		—		482
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		1		—		1
Total construction and development	$	18,262	$	6,523	$	10,349	$	6,008	$	2,693	$	7,922	$	127,670	$	179,427

Commercial and industrial
Risk rating:
Pass	29,606		14,010		18,826		10,759		15,346		10,589		36,165		$	135,301
Special mention	—		21		438		110		32		125		37		763
Substandard	31		33		300		—		—		83		4,829		5,276
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		1		—		1
Total commercial and industrial	$	29,637	$	14,064	$	19,564	$	10,869	$	15,378	$	10,798	$	41,031	$	141,341

Equipment finance
Risk rating:
Pass	154,685		104,681		53,178		4,773		—		—		—		$	317,317
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		323		—		—		—		—		323
Doubtful	—		—		280		—		—		—		—		280
Loss	—		—		—		—		—		—		—		—
Total equipment finance	$	154,685	$	104,681	$	53,781	$	4,773	$	—	$	—	$	—	$	317,920

Municipal leases
Risk rating:
Pass	23,358		19,240		14,005		17,979		9,738		47,144		8,700		$	140,164
Special mention	—		—		—		—		—		257		—		257
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	$	23,358	$	19,240	$	14,005	$	17,979	$	9,738	$	47,401	$	8,700	$	140,421

PPP loans
Risk rating:
Pass	29,667		16,983		—		—		—		—		—		$	46,650
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total PPP loans	$	29,667	$	16,983	$	—	$	—	$	—	$	—	$	—	$	46,650

Total commercial loans
Risk rating:
Pass	$	483,428	$	339,128	$	238,765	$	197,666	$	186,302	$	285,720	$	194,568	$	1,925,577
Special mention	—		21		438		17,061		1,288		3,760		3,864		26,432
Substandard	31		33		623		630		4,993		4,207		5,227		15,744
Doubtful	—		—		280		—		—		—		—		280
Loss	—		—		—		—		—		2		—		2
Total commercial loans	$	483,459	$	339,182	$	240,106	$	215,357	$	192,583	$	293,689	$	203,659	$	1,968,035

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


	Term Loans By Origination Fiscal Year
June 30, 2021	2021		2020		2019		2018		2017		Prior		Revolving		Total
One-to-four family
Risk rating:
Pass	$	72,723	$	52,987	$	46,958	$	40,461	$	37,361	$	143,531	$	4,345	$	398,366
Special mention	—		—		—		—		27		1,084		—		1,111
Substandard	246		981		—		216		86		5,037		—		6,566
Doubtful	—		—		—		—		—		191		—		191
Loss	—		—		—		—		—		315		—		315
Total one-to-four family	$	72,969	$	53,968	$	46,958	$	40,677	$	37,474	$	150,158	$	4,345	$	406,549

HELOCs - originated
Risk rating:
Pass	2,767		465		1,294		217		716		9,469		114,048		$	128,976
Special mention	—		—		—		—		—		12		—		12
Substandard	—		—		159		—		38		935		105		1,237
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total HELOCs - originated	$	2,767	$	465	$	1,453	$	217	$	754	$	10,416	$	114,153	$	130,225

HELOCs - purchased
Risk rating:
Pass	—		—		—		—		—		—		38,523		$	38,523
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		453		453
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total HELOCs - purchased	$	—	$	—	$	—	$	—	$	—	$	—	$	38,976	$	38,976

Construction and land/lots
Risk rating:
Pass	4,244		12,133		2,357		956		—		3,558		42,267		$	65,515
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		96		—		416		—		512
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land/lots	$	4,244	$	12,133	$	2,357	$	1,052	$	—	$	3,974	$	42,267	$	66,027

Indirect auto finance
Risk rating:
Pass	42,128		27,134		16,224		18,853		7,561		2,061		—		$	113,961
Special mention	—		—		—		—		—		—		—		—
Substandard	29		415		195		273		143		75		—		1,130
Doubtful	—		—		—		—		—		—		—		—
Loss	2		—		—		—		—		—		—		2
Total indirect auto finance	$	42,159	$	27,549	$	16,419	$	19,126	$	7,704	$	2,136	$	—	$	115,093

Consumer
Risk rating:
Pass	1,344		1,019		5,204		252		90		91		288		$	8,288
Special mention	—		—		—		14		—		—		—		14
Substandard	—		3		19		11		4		10		11		58
Doubtful	—		—		—		—		—		—		—		—
Loss	—		1		1		—		—		—		—		2
Total consumer	$	1,344	$	1,023	$	5,224	$	277	$	94	$	101	$	299	$	8,362

Total retail consumer loans
Risk rating:
Pass	$	123,206	$	93,738	$	72,037	$	60,739	$	45,728	$	158,710	$	199,471	$	753,629
Special mention	—		—		—		14		27		1,096		—		1,137
Substandard	275		1,399		373		596		271		6,473		569		9,956
Doubtful	—		—		—		—		—		191		—		191
Loss	2		1		1		—		—		315		—		319
Total retail consumer loans	$	123,483	$	95,138	$	72,411	$	61,349	$	46,026	$	166,785	$	200,040	$	765,232

Past Due Financing Receivables

The following tables present aging analysis of past due loans (includes nonaccrual loans) by segment and class for the periods indicated below:



	Past Due								Total
	30-89 Days		90 Days+		Total		Current		Loans
March 31, 2022
Commercial loans:
Commercial real estate	$	—	$	247	$	247	$	1,101,937	$	1,102,184
Construction and development	—		246		246		251,422		251,668
Commercial and industrial	—		67		67		167,275		167,342
Equipment finance	65		33		98		378,531		378,629
Municipal finance	—		—		—		130,260		130,260
PPP loans	—		—		—		2,756		2,756
Retail consumer loans:
One-to-four family	347		1,329		1,676		346,269		347,945
HELOCs - originated	28		178		206		128,239		128,445
HELOCs - purchased	142		—		142		26,769		26,911
Construction and land/lots	—		140		140		72,595		72,735
Indirect auto finance	307		156		463		83,440		83,903
Consumer	24		38		62		6,698		6,760
Total loans	$	913	$	2,434	$	3,347	$	2,696,191	$	2,699,538


	Past Due								Total
	30-89 Days		90 Days+		Total		Current		Loans
June 30, 2021
Commercial loans:
Commercial real estate	$	396	$	1,680	$	2,076	$	1,140,200	$	1,142,276
Construction and development	—		37		37		179,390		179,427
Commercial and industrial	634		19		653		140,688		141,341
Equipment finance	—		347		347		317,573		317,920
Municipal finance	—		—		—		140,421		140,421
PPP loans	—		—		—		46,650		46,650
Retail consumer loans:
One-to-four family	1,112		1,124		2,236		404,313		406,549
HELOCs - originated	290		186		476		129,749		130,225
HELOCs - purchased	198		79		277		38,699		38,976
Construction and land/lots	6		35		41		65,986		66,027
Indirect auto finance	299		259		558		114,535		115,093
Consumer	378		36		414		7,948		8,362
Total loans	$	3,313	$	3,802	$	7,115	$	2,726,152	$	2,733,267

Schedule of Past Due Loans Still Accruing and Nonaccruing Interest


	March 31, 2022		June 30, 2021		90 Days + & Still Accruing as of March 31, 2022		Nonaccrual With No Allowance as of March 31, 2022		Interest Income Recognized
Commercial loans:
Commercial real estate	$	1,033	$	7,015	$	—	$	284	$	28
Construction and development	332		482		—		—		6
Commercial and industrial	919		49		—		—		17
Equipment finance	289		630		—		—		9


Retail consumer loans:
One-to-four family	1,687		2,625		—		540		37
HELOCs - originated	207		476		—		—		2
HELOCs - purchased	633		453		—		—		19
Construction and land/lots	140		22		—		—		2
Indirect auto finance	505		438		—		—		17
Consumer	66		416		—		—		2






Total loans	$	5,811	$	12,606	$	—	$	824	$	139

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,
	2022		2021		2022		2021
Provision (benefit) for credit losses:
Loans	$	(640)	$	(3,970)	$	(4,415)	$	(6,370)
Off-balance-sheet credit exposure	650		(130)		415		10
Commercial paper	(55)		—		(5)		180
Total provision (benefit) for credit losses	$	(45)	$	(4,100)	$	(4,005)	$	(6,180)

Allowance for Credit Losses on Financing Receivables

The following tables present analyses of the ACL on loans by segment for the periods indicated below:


	Three Months Ended						Nine Months Ended
	March 31, 2022						March 31, 2022
	Commercial		Retail Consumer		Total		Commercial		Retail Consumer		Total
Balance at beginning of period	$	22,968	$	7,965	$	30,933	$	24,746	$	10,722	$	35,468

Provision (benefit) for credit losses	(1,295)		655		(640)		(2,058)		(2,357)		(4,415)
Charge-offs	(261)		(73)		(334)		(2,011)		(179)		(2,190)
Recoveries	910		165		1,075		1,645		526		2,171
Net (charge-offs) recoveries	649		92		741		(366)		347		(19)
Balance at end of period	$	22,322	$	8,712	$	31,034	$	22,322	$	8,712	$	31,034


	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 (charge-offs) recoveries	249		(64)		185		(41)		(411)		(452)
Balance at end of period	$	23,398	$	12,661	36,059		$	23,398	$	12,661	$	36,059

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

The following tables present ending balances of loans and the related ACL, by segment and class for the periods indicated below:


	Allowance for Credit Losses						Total Loans Receivable
	Loans Individually Evaluated		Loans Collectively Evaluated		Total		Loans Individually Evaluated		Loans Collectively Evaluated		Total
March 31, 2022
Commercial loans:
Commercial real estate	$	—	$	9,157	$	9,157	$	284	$	1,101,900	$	1,102,184
Construction and development	—		3,680		3,680		—		251,668		251,668
Commercial and industrial	1,311		1,593		2,904		2,150		165,192		167,342
Equipment finance	—		6,284		6,284		—		378,629		378,629
Municipal finance	—		297		297		—		130,260		130,260
PPP loans	—		—		—		—		2,756		2,756
Retail consumer loans:
One-to-four family	—		4,400		4,400		2,493		345,452		347,945
HELOCs - originated	—		1,409		1,409		—		128,445		128,445
HELOCs - purchased	—		295		295		—		26,911		26,911
Construction and land/lots	—		903		903		—		72,735		72,735
Indirect auto finance	—		1,586		1,586		—		83,903		83,903
Consumer	—		119		119		—		6,760		6,760
Total	$	1,311	$	29,723	$	31,034	$	4,927	$	2,694,611	$	2,699,538


	Allowance for Loan Losses						Total Loans Receivable
	Loans Individually Evaluated		Loans Collectively Evaluated		Total		Loans Individually Evaluated		Loans Collectively Evaluated		Total
June 30, 2021
Commercial loans:
Commercial real estate	$	456	$	12,826	$	13,282	$	5,729	$	1,136,547	$	1,142,276
Construction and development	—		1,801		1,801		80		179,347		179,427
Commercial and industrial	9		2,583		2,592		760		140,581		141,341
Equipment finance	—		6,537		6,537		275		317,645		317,920
Municipal finance	—		534		534		—		140,421		140,421
PPP loans	—		—		—		—		46,650		46,650
Retail consumer loans:
One-to-four family	2		5,407		5,409		1,977		404,572		406,549
HELOCs - originated	—		1,512		1,512		—		130,225		130,225
HELOCs - purchased	—		452		452		—		38,976		38,976
Construction and land/lots	—		812		812		—		66,027		66,027
Indirect auto finance	—		2,367		2,367		—		115,093		115,093
Consumer	—		170		170		—		8,362		8,362
Total	$	467	$	35,001	$	35,468	$	8,821	$	2,724,446	$	2,733,267

Troubled Debt Restructurings on Financing Receivables

The following table presents a breakdown of the types of concessions made on TDRs by loan class for the period indicated below:



	Three Months Ended March 31,
	2022					2021
	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


















Other TDRs:
Commercial:


Commercial and industrial	2	$	841	$	835	—	$	—	$	—

Retail consumer:
One-to-four family	1	37		37		2	212		212
HELOCs - originated	—	—		—		2	53		74

Indirect auto finance	1	5		5		3	28		32

Total	4	$	883	$	877	7	$	293	$	318


	Nine Months Ended March 31,
	2022					2021
	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:


Retail consumer:
One-to-four family	1	$	124	$	121	—	$	—	$	—


Total below market interest rate	1	124		121		—	—		—
Extended payment terms:



Retail consumer:
One-to-four family	1	35		35		—	—		—
HELOCs - originated	1	50		50		—	—		—


Total extended payment terms	2	85		85		—	—		—
Other TDRs:
Commercial:
Commercial real estate	—	—		—		1	4,408		4,407

Commercial and industrial	2	841		835		—	—		—
Retail consumer:
One-to-four family	2	93		92		4	269		261
HELOCs - originated	1	18		18		2	53		74
Construction and land/lots	—	—		—		1	225		219
Indirect auto finance	6	89		82		11	150		110

Total other TDRs	11	1,041		1,027		19	5,105		5,071
Total	11	$	1,250	$	1,233	19	$	5,105	$	5,071

Schedule of Trouble Debt Restructurings With Payment Default

The following table presents loans that were modified as TDRs within the previous 12 months and for which there was a payment default during the periods indicated below:


	Three Months Ended March 31,
	2022			2021
	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,
	2022			2021
	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment








Other TDRs:
Retail consumer:


Indirect auto finance	2	$	44	2	$	26




Total	2	$	44	2	$	26

Equity Incentive Plan (Tables)

9 Months Ended

Mar. 31, 2022

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,
	2022		2021		2022		2021
Share-based compensation expense	$	507	$	489	$	1,407	$	1,449
Tax benefit	120		115		332		341

Equity Incentive Plan Stock Option Activity

The table below presents stock option activity and related information for the nine months ended March 31, 2022 and 2021:


	Options	Weighted- Average Exercise Price		Remaining Contractual Life (Years)	Aggregate Intrinsic Value
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

Options outstanding at June 30, 2021	1,319,456	$	19.07	3.9	$	11,657
Granted	42,850	31.35		—	—

Exercised	(413,636)	14.70		—	—
Forfeited	(20,800)	23.17		—	—

Options outstanding at March 31, 2022	927,870	$	21.49	4.3	$	7,541
Exercisable at March 31, 2022	756,720	$	20.24	3.5	$	7,028
Non-vested at March 31, 2022	171,150	$	26.99	7.7	$	513

Assumptions Used In Estimating the Fair Value of Options Granted

Assumptions used in estimating the fair value of options granted during the nine months ended March 31, 2022 and 2021 are presented below:



	March 31, 2022			March 31, 2021

Weighted-average volatility	28.02		%	28.30		%
Expected dividend yield	1.12		%	1.35		%
Risk-free interest rate	1.90		%	0.72		%
Expected life (years)	6.5			6.5
Weighted-average fair value of options granted	$	8.68		$	5.61

Schedule of Nonvested Restricted Stock Units Activity

The table below presents restricted stock award activity and related information:


	Restricted Stock Awards	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value
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	$	2,119

Non-vested at June 30, 2021	151,575	$	25.06	$	4,229
Granted	49,679	31.35		—
Vested	(53,744)	25.22		—
Forfeited	(12,000)	24.90		—
Non-vested at March 31, 2022	135,510	$	27.41	$	2,817

Other Investments

9 Months Ended

Mar. 31, 2022

Investments, All Other Investments [Abstract]

Other Investments

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


	March 31, 2022		June 30, 2021
FHLB of Atlanta stock	$	3,038	$	6,153
FRB stock	7,413		7,386
SBIC investments	12,589		10,171

Total	$	23,040	$	23,710

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.

Cover - shares	9 Months Ended
Cover - shares	Mar. 31, 2022	May 04, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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		15,720,503
Entity Central Index Key	0001538263
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Leases - Lessor, Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Lessor, Lease, Description [Line Items]
Leased asset	$ 21,117		$ 21,117		$ 25,932
Operating lease, residual value of leased asset	12,941		12,941		15,330
Direct financing lease, interest income	763	$ 638	2,275	$ 1,736
Direct financing lease, lease receivable	$ 62,600		$ 62,600		$ 63,300
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

Debt Securities - Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Amortized Cost
Due within one year	$ 33,546	$ 34,615
Due after one year through five years	33,384	73,249
Due after five years through ten years	6,559	4,510
Due after ten years	0	0
Total	108,130	154,493
Estimated Fair Value
Due within one year	33,497	34,684
Due after one year through five years	32,322	73,633
Due after five years through ten years	6,433	4,738
Due after ten years	0	0
Estimated Fair Value	106,315	156,459
MBS, residential
Amortized Cost
Total	34,641	42,119
Estimated Fair Value
Estimated Fair Value	$ 34,063	$ 43,404

Equity Incentive Plan - Schedule of Nonvested Restricted Stock Units Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021	Jun. 30, 2020
Weighted- Average Grant Date Fair Value
Aggregate intrinsic value	$ 7,028	$ 9,152
Restricted Stock
Restricted Stock Awards
Non-vested, Beginning Balance (in shares)	151,575	144,046
Granted (in shares)	49,679	56,547
Vested (in shares)	(53,744)	(45,296)
Forfeited (in shares)	(12,000)	(7,650)
Non-vested, Ending Balance (in shares)	135,510	147,647
Weighted- Average Grant Date Fair Value
Non-vested, Beginning Balance (in usd per share)	$ 25.06	$ 25.89
Granted (in usd per share)	31.35	22.92
Vested (in usd per share)	25.22	25.17
Forfeitures (in dollars per share)	24.90	25.65
Non-vested, Ending Balance (in usd per share)	$ 27.41	$ 24.98
Aggregate intrinsic value	$ 2,817	$ 2,119	$ 4,229	$ 2,305

Leases

9 Months Ended

Mar. 31, 2022

Leases [Abstract]

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. 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 Sheet. 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, 2022			June 30, 2021
ROU assets	$	6,172		$	5,498

Lease liabilities	6,961			5,926

Weighted-average remaining lease terms (years)	10.78			9.49
Weighted-average discount rate	2.89		%	3.18		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	1,573
2023	1,293
2024	847
2025	541
2026	414
Thereafter	3,653
Total undiscounted minimum lease payments	8,321
Less: amount representing interest	(1,360)
Total lease liability	$	6,961

The following table presents components of operating lease expense for the three and nine months ended March 31, 2022 and 2021:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Operating lease cost (included in occupancy expense, net)	$	347	$	398	$	1,215	$	1,192
Variable lease cost (included in occupancy expense, net)	7		6		13		18
Sublease income (included in other, noninterest income)	(60)		(33)		(154)		(147)
Total operating lease expense, net	$	294	$	371	$	1,074	$	1,063

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, 2022 and June 30, 2021 and is included in other assets. The corresponding lease liability totaled $1,773 and $1,804 at March 31, 2022 and June 30, 2021, respectively, and is included in other liabilities. For the three and nine months ended March 31, 2022, interest expense on the lease liability totaled $23 and $70, 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, 2022:


Fiscal year ending June 30:
Remaining 2022	$	33
2023	134
2024	145
2025	146
2026	146
Thereafter	1,702
Total undiscounted minimum lease payments	2,306
Less: amount representing interest	(533)
Total lease liability	$	1,773

Supplemental lease cash flow information for the nine months ended March 31, 2022 and 2021:


	Nine Months Ended March 31,
	2022		2021
ROU assets - noncash additions (operating leases)	$	1,186	$	599

Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,281		1,632
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	100		100

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 construction, transportation, medical, and manufacturing 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 one to five 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 $21,117 and $25,932 with a residual value of $12,941 and $15,330 as of March 31, 2022 and June 30, 2021, respectively.

The following table presents total equipment finance operating lease income and depreciation expense for the three and nine months ended March 31, 2022 and 2021:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Operating lease income	$	1,661	$	1,432	$	4,920	$	4,107
Depreciation expense	1,339		1,417		4,221		4,371

The following schedule summarizes aggregate future minimum lease payments to be received at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	1,436
2023	4,989
2024	2,895
2025	889
2026	246
Thereafter	13
Total of future minimum lease payments	$	10,468

As Lessor - Direct Financing 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 of the loan portfolio. For the three months ended March 31, 2022 and 2021, total interest income on equipment finance leases totaled $763 and $638, respectively. For the nine months ended March 31, 2022 and 2021, total interest income on equipment finance leases totaled $2,275 and $1,736, respectively.

The lease receivable component of finance lease net investment included within equipment finance class of financing receivables was $62.6 million and $63.3 million at March 31, 2022 and June 30, 2021, respectively.

The following schedule summarizes aggregate future minimum finance lease payments to be received at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	5,853
2023	21,226
2024	18,262
2025	13,038
2026	8,405
Thereafter	4,299
Total undiscounted minimum lease payments	71,083
Less: amount representing interest	(8,476)
Total lease receivable	$	62,607

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, 2022			June 30, 2021
ROU assets	$	6,172		$	5,498

Lease liabilities	6,961			5,926

Weighted-average remaining lease terms (years)	10.78			9.49
Weighted-average discount rate	2.89		%	3.18		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	1,573
2023	1,293
2024	847
2025	541
2026	414
Thereafter	3,653
Total undiscounted minimum lease payments	8,321
Less: amount representing interest	(1,360)
Total lease liability	$	6,961

The following table presents components of operating lease expense for the three and nine months ended March 31, 2022 and 2021:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Operating lease cost (included in occupancy expense, net)	$	347	$	398	$	1,215	$	1,192
Variable lease cost (included in occupancy expense, net)	7		6		13		18
Sublease income (included in other, noninterest income)	(60)		(33)		(154)		(147)
Total operating lease expense, net	$	294	$	371	$	1,074	$	1,063

As Lessee - Finance Lease

The following schedule summarizes aggregate future minimum lease payments under this finance lease obligation at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	33
2023	134
2024	145
2025	146
2026	146
Thereafter	1,702
Total undiscounted minimum lease payments	2,306
Less: amount representing interest	(533)
Total lease liability	$	1,773

Supplemental lease cash flow information for the nine months ended March 31, 2022 and 2021:


	Nine Months Ended March 31,
	2022		2021
ROU assets - noncash additions (operating leases)	$	1,186	$	599

Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,281		1,632
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	100		100

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, 2022 and 2021:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Operating lease income	$	1,661	$	1,432	$	4,920	$	4,107
Depreciation expense	1,339		1,417		4,221		4,371

The following schedule summarizes aggregate future minimum lease payments to be received at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	1,436
2023	4,989
2024	2,895
2025	889
2026	246
Thereafter	13
Total of future minimum lease payments	$	10,468

As Lessor - Direct Financing Leases

The following schedule summarizes aggregate future minimum finance lease payments to be received at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	5,853
2023	21,226
2024	18,262
2025	13,038
2026	8,405
Thereafter	4,299
Total undiscounted minimum lease payments	71,083
Less: amount representing interest	(8,476)
Total lease receivable	$	62,607

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, 2022			June 30, 2021
ROU assets	$	6,172		$	5,498

Lease liabilities	6,961			5,926

Weighted-average remaining lease terms (years)	10.78			9.49
Weighted-average discount rate	2.89		%	3.18		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	1,573
2023	1,293
2024	847
2025	541
2026	414
Thereafter	3,653
Total undiscounted minimum lease payments	8,321
Less: amount representing interest	(1,360)
Total lease liability	$	6,961

The following table presents components of operating lease expense for the three and nine months ended March 31, 2022 and 2021:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Operating lease cost (included in occupancy expense, net)	$	347	$	398	$	1,215	$	1,192
Variable lease cost (included in occupancy expense, net)	7		6		13		18
Sublease income (included in other, noninterest income)	(60)		(33)		(154)		(147)
Total operating lease expense, net	$	294	$	371	$	1,074	$	1,063

As Lessee - Finance Lease

The following schedule summarizes aggregate future minimum lease payments under this finance lease obligation at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	33
2023	134
2024	145
2025	146
2026	146
Thereafter	1,702
Total undiscounted minimum lease payments	2,306
Less: amount representing interest	(533)
Total lease liability	$	1,773

Supplemental lease cash flow information for the nine months ended March 31, 2022 and 2021:


	Nine Months Ended March 31,
	2022		2021
ROU assets - noncash additions (operating leases)	$	1,186	$	599

Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,281		1,632
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	100		100

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, 2022 and 2021:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Operating lease income	$	1,661	$	1,432	$	4,920	$	4,107
Depreciation expense	1,339		1,417		4,221		4,371

The following schedule summarizes aggregate future minimum lease payments to be received at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	1,436
2023	4,989
2024	2,895
2025	889
2026	246
Thereafter	13
Total of future minimum lease payments	$	10,468

As Lessor - Direct Financing Leases

The following schedule summarizes aggregate future minimum finance lease payments to be received at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	5,853
2023	21,226
2024	18,262
2025	13,038
2026	8,405
Thereafter	4,299
Total undiscounted minimum lease payments	71,083
Less: amount representing interest	(8,476)
Total lease receivable	$	62,607

Investments, Debt and Equity Securities [Abstract]

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, 2022			June 30, 2021
ROU assets	$	6,172		$	5,498

Lease liabilities	6,961			5,926

Weighted-average remaining lease terms (years)	10.78			9.49
Weighted-average discount rate	2.89		%	3.18		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	1,573
2023	1,293
2024	847
2025	541
2026	414
Thereafter	3,653
Total undiscounted minimum lease payments	8,321
Less: amount representing interest	(1,360)
Total lease liability	$	6,961

The following table presents components of operating lease expense for the three and nine months ended March 31, 2022 and 2021:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Operating lease cost (included in occupancy expense, net)	$	347	$	398	$	1,215	$	1,192
Variable lease cost (included in occupancy expense, net)	7		6		13		18
Sublease income (included in other, noninterest income)	(60)		(33)		(154)		(147)
Total operating lease expense, net	$	294	$	371	$	1,074	$	1,063

As Lessee - Finance Lease

The following schedule summarizes aggregate future minimum lease payments under this finance lease obligation at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	33
2023	134
2024	145
2025	146
2026	146
Thereafter	1,702
Total undiscounted minimum lease payments	2,306
Less: amount representing interest	(533)
Total lease liability	$	1,773

Supplemental lease cash flow information for the nine months ended March 31, 2022 and 2021:


	Nine Months Ended March 31,
	2022		2021
ROU assets - noncash additions (operating leases)	$	1,186	$	599

Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,281		1,632
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	100		100

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, 2022 and 2021:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Operating lease income	$	1,661	$	1,432	$	4,920	$	4,107
Depreciation expense	1,339		1,417		4,221		4,371

The following schedule summarizes aggregate future minimum lease payments to be received at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	1,436
2023	4,989
2024	2,895
2025	889
2026	246
Thereafter	13
Total of future minimum lease payments	$	10,468

As Lessor - Direct Financing Leases

The following schedule summarizes aggregate future minimum finance lease payments to be received at March 31, 2022:


Fiscal year ending June 30:
Remaining 2022	$	5,853
2023	21,226
2024	18,262
2025	13,038
2026	8,405
Thereafter	4,299
Total undiscounted minimum lease payments	71,083
Less: amount representing interest	(8,476)
Total lease receivable	$	62,607

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2022
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, 2021 ("2021 Form 10-K") filed with the SEC on September 10, 2021. The results of operations for the nine months ended March 31, 2022 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2022. 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 the determination of the provision and the allowance for credit losses on loans as an accounting policy that, due to the judgments, estimates and assumptions inherent in this policy, is critical to an understanding of the Company's financial statements. This policy and the related judgments, estimates and assumptions is described in greater detail in the notes to the Consolidated Financial Statements and Management's Discussion and Analysis of Financial Condition and Results of Operations (Critical Accounting Policies) in the 2021 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 this critical accounting policy, 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 this estimate and the Company's financial condition and operating results in future periods. The COVID-19 pandemic has caused significant, unprecedented disruption around the world that has affected daily living and negatively impacted the global economy. The effects of the COVID-19 pandemic may meaningfully impact significant estimates such as the allowance for credit losses or certain loan concentrations in the hospitality and healthcare industries. See "Note 6 - Loans and Allowance for Credit Losses on Loans" for more information on loans that have been modified or are in deferral due to COVID-19. Reclassifications and corrections. To maintain consistency and comparability, certain amounts from prior periods have been reclassified to conform to current period presentation with no effect on net income or stockholders’ equity as previously reported.

Loans and Allowance for Credit Losses on Loans - Narrative (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2022 USD ($) loan	Jun. 30, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable
Number of loans \| loan	2
Financing receivable, nonaccrual, payoffs and charge offs	$ 5,100
Reserve for credit losses for off-balance sheet credit exposures included in other liabilities	2,738
Payment deferral amount	0	$ 107
Coronavirus Aid, Relief, And Economic Securities Act, Short-Term Modifications \| Commercial Loans
Accounts, Notes, Loans and Financing Receivable
Amount of loans on interest-only payments	9,605	78,850
Performing financing receivable
Accounts, Notes, Loans and Financing Receivable
Performing restructured loans included in impaired loans	$ 10,691	$ 11,088

Debt Securities

9 Months Ended

Mar. 31, 2022

Debt Securities

Debt securities available for sale consist of the following at the dates indicated:


	March 31, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
U.S. government agencies	$	18,988	$	34	$	(446)	$	18,576
MBS, residential	34,641		86		(664)		34,063
Municipal bonds	5,558		109		—		5,667
Corporate bonds	48,943		22		(956)		48,009

Total	$	108,130	$	251	$	(2,066)	$	106,315


	June 30, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
U.S. government agencies	$	18,975	$	135	$	(37)	$	19,073
MBS, residential	42,119		1,339		(54)		43,404
Municipal bonds	9,098		453		—		9,551
Corporate bonds	84,301		257		(127)		84,431

Total	$	154,493	$	2,184	$	(218)	$	156,459



	March 31, 2022
	Amortized Cost		Estimated Fair Value
Due within one year	$	33,546	$	33,497
Due after one year through five years	33,384		32,322
Due after five years through ten years	6,559		6,433
Due after ten years	—		—
MBS, residential	34,641		34,063
Total	$	108,130	$	106,315



	June 30, 2021
	Amortized Cost		Estimated Fair Value
Due within one year	$	34,615	$	34,684
Due after one year through five years	73,249		73,633
Due after five years through ten years	4,510		4,738
Due after ten years	—		—
MBS, residential	42,119		43,404
Total	$	154,493	$	156,459

The Company had no sales of debt securities available for sale during the three and nine months ended March 31, 2022 and 2021. There were no gross realized gains or losses for the three and nine months ended March 31, 2022 and 2021.

Debt securities available for sale with amortized costs totaling $53,266 and $52,603 and market values of $52,350 and $53,897 at March 31, 2022 and June 30, 2021, respectively, were pledged as collateral to secure various public deposits and other borrowings.


	March 31, 2022
	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	$	14,554	$	(446)	$	—	$	—	$	14,554	$	(446)
MBS, residential	21,093		(546)		2,290		(118)		23,383		(664)

Corporate bonds	23,888		(265)		14,309		(691)		38,197		(956)
Total	$	59,535	$	(1,257)	$	16,599	$	(809)	$	76,134	$	(2,066)


	June 30, 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	$	14,963	$	(37)	$	—	$	—	$	14,963	$	(37)
MBS, residential	5,212		(28)		1,205		(26)		6,417		(54)

Corporate bonds	19,873		(127)		—		—		19,873		(127)
Total	$	40,048	$	(192)	$	1,205	$	(26)	$	41,253	$	(218)

The total number of securities with unrealized losses at March 31, 2022 and June 30, 2021 were 124 and 28, 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, 2022 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" in our 2021 Form 10-K 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.

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, 2022, the accrued interest receivable for debt securities available for sale was $353.

Leases - Maturity Schedule for Finance and Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Operating Leases
Remaining 2022	$ 1,573
2023	1,293
2024	847
2025	541
2026	414
Thereafter	3,653
Total lease liability	8,321
Less: amount representing interest	(1,360)
Lease liabilities	6,961	$ 5,926
Finance Leases
Remaining 2022	33
2023	134
2024	145
2025	146
2026	146
Thereafter	1,702
Total undiscounted minimum lease payments	2,306
Less: amount representing interest	(533)
Total lease liability	$ 1,773	$ 1,804

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, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Numerator:
Net income	$ 8,023	$ 7,869	$ 29,628	$ 23,083
Allocation of earnings to participating securities	(69)	(72)	(254)	(209)
Numerator for basic EPS - Net income available to common stockholders	7,954	7,797	29,374	22,874
Dilutive effect of participating securities	0	2	0	2
Numerator for diluted EPS	$ 7,954	$ 7,799	$ 29,374	$ 22,876
Denominator:
Weighted-average common shares outstanding - basic (in shares)	15,523,813	15,979,590	15,666,093	16,139,059
Dilutive effect of assumed exercises of stock options (in shares)	269,199	506,128	331,284	200,071
Weighted-average common shares outstanding - diluted (in shares)	15,793,012	16,485,718	15,997,377	16,339,130
Net income per share - basic (in dollars per share)	$ 0.51	$ 0.49	$ 1.87	$ 1.42
Net income per share - diluted (in dollars per share)	$ 0.51	$ 0.48	$ 1.84	$ 1.40

Other Investments (Tables)

9 Months Ended

Mar. 31, 2022

Investments, All Other Investments [Abstract]

Investment

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


	March 31, 2022		June 30, 2021
FHLB of Atlanta stock	$	3,038	$	6,153
FRB stock	7,413		7,386
SBIC investments	12,589		10,171

Total	$	23,040	$	23,710

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
Balance at beginning of period (in shares) at Jun. 30, 2020			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	(3,734)				(3,734)
Shares repurchased (in shares)			(566,455)
Common stock repurchased	(11,723)		$ (6)	(11,717)
Forfeited restricted stock (in shares)			(6,575)
Retired stock (in shares)			(9,106)
Retired stock	$ (204)			(204)
Granted restricted stock (in shares)			43,260
Exercised stock options (in shares)	172,866		172,866
Exercised stock options	$ 2,490		$ 3	2,487
Share-based compensation expense	1,449			1,449
ESOP compensation expense	744			347			397
Other comprehensive income (loss)	(558)							(558)
Balance at end of period (in shares) at Mar. 31, 2021			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	(1,284)				(1,284)
Shares repurchased (in shares)			(289,333)
Common stock repurchased	(6,544)		$ (3)	(6,541)
Retired stock (in shares)			(8,473)
Retired stock	(195)			(195)
Granted restricted stock (in shares)			43,260
Exercised stock options (in shares)			118,866
Exercised stock options	1,714		$ 2	1,712
Share-based compensation expense	489			489
ESOP compensation expense	325			193			132
Other comprehensive income (loss)	(646)							(646)
Balance at end of period (in shares) at Mar. 31, 2021			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 Jun. 30, 2021	16,636,483		16,636,483
Balance at beginning of period at Jun. 30, 2021	$ 396,519		$ 167	160,582	240,075		(5,819)	1,514
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	29,628				29,628
Cash dividends declared on common stock	(4,094)				(4,094)
Shares repurchased (in shares)			(1,095,763)
Common stock repurchased	(32,318)		$ (11)	(32,307)
Forfeited restricted stock (in shares)			(12,000)
Retired stock (in shares)			(11,335)
Retired stock	$ (345)			(345)
Granted restricted stock (in shares)			40,123
Stock issued for RSUs (in shares)			7,118
Exercised stock options (in shares)	413,636		413,636
Exercised stock options	$ 6,081		$ 4	6,077
Share-based compensation expense	1,407			1,407
ESOP compensation expense	1,164			767			397
Other comprehensive income (loss)	$ (2,911)							(2,911)
Balance at end of period (in shares) at Mar. 31, 2022	15,978,262		15,978,262
Balance at end of period at Mar. 31, 2022	$ 395,131		$ 160	136,181	265,609		(5,422)	(1,397)
Balance at beginning of period (in shares) at Dec. 31, 2021			16,303,461
Balance at beginning of period at Dec. 31, 2021	401,746		$ 163	147,552	258,986		(5,555)	600
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	8,023				8,023
Cash dividends declared on common stock	(1,400)				(1,400)
Shares repurchased (in shares)			(419,931)
Common stock repurchased	(12,915)		$ (4)	(12,911)
Forfeited restricted stock (in shares)			(2,600)
Retired stock (in shares)			(8,627)
Retired stock	(270)			(270)
Granted restricted stock (in shares)			40,123
Exercised stock options (in shares)			65,836
Exercised stock options	1,039		$ 1	1,038
Share-based compensation expense	507			507
ESOP compensation expense	398			265			133
Other comprehensive income (loss)	$ (1,997)							(1,997)
Balance at end of period (in shares) at Mar. 31, 2022	15,978,262		15,978,262
Balance at end of period at Mar. 31, 2022	$ 395,131		$ 160	$ 136,181	$ 265,609		$ (5,422)	$ (1,397)

Loans Held For Sale

9 Months Ended

Mar. 31, 2022

Loans Held For Sale

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


	March 31, 2022		June 30, 2021
One-to-four family	$	14,647	$	31,873
SBA	8,105		4,160
HELOCs - originated	62,511		57,506

Total	$	85,263	$	93,539

Equity Incentive Plan Equity Incentive Plan - Share Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-based compensation expense	$ 507	$ 489	$ 1,407	$ 1,449
Tax benefit	$ 120	$ 115	$ 332	$ 341

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Other Commitments
Unused commitments to extend credit	$ 95,848	$ 123,463
Variable rate commitments	29,156	45,270
Fixed rate commitments	66,692	78,193
Remaining borrowing capacity	498,315	530,505
Letters of credit outstanding	$ 17,492	$ 8,681
Minimum
Other Commitments
Fixed interest rate (as a percent)	1.08%	2.50%
Loan Commitments Terms		3 years
Maximum
Other Commitments
Fixed interest rate (as a percent)	8.65%	8.36%
Loan Commitments Terms		30 years
Construction and development
Other Commitments
Unused commitments to extend credit	$ 290,532	$ 277,600

Net Income per Share

9 Months Ended

Mar. 31, 2022

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,
	2022		2021		2022		2021
Numerator:
Net income	$	8,023	$	7,869	$	29,628	$	23,083
Allocation of earnings to participating securities	(69)		(72)		(254)		(209)
Numerator for basic EPS - Net income available to common stockholders	$	7,954	$	7,797	$	29,374	$	22,874
Effect of dilutive securities:
Dilutive effect of participating securities	—		2		—		2
Numerator for diluted EPS	$	7,954	$	7,799	$	29,374	$	22,876
Denominator:
Weighted-average common shares outstanding - basic	15,523,813		15,979,590		15,666,093		16,139,059
Dilutive effect of assumed exercises of stock options	269,199		506,128		331,284		200,071
Weighted-average common shares outstanding - diluted	15,793,012		16,485,718		15,997,377		16,339,130
Net income per share - basic	$	0.51	$	0.49	$	1.87	$	1.42
Net income per share - diluted	$	0.51	$	0.48	$	1.84	$	1.40

Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were 47,850 and 95,350 stock options that were anti-dilutive for the three and nine months ended March 31, 2022, respectively. There were 524,850 stock options that were anti-dilutive for each of the three and nine months ended March 31, 2021.

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Mar. 31, 2022
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Newly Issued but Not Yet Effective Accounting Standards ASU 2021-05, "Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments." This ASU amends the lease classification requirements for lessors to classify as an operating lease any lease that would otherwise be classified as a sales-type or direct financing lease that would result in the recognition of a day-one loss at lease commencement, provided that the lease includes variable lease payments that do not depend on an index or rate. When a lease is classified as operating, the lessor does not recognize a net investment in the lease, does not derecognize the underlying asset and therefore, does not recognize a selling profit or loss. The amendments in this ASU are effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years and early adoption is permitted. The Company is currently evaluating the impact of adopting the new guidance on the consolidated financial statements. ASU 2022-02, "Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures." This ASU eliminates the TDR recognition and measurement guidance and requires that an entity evaluate whether the modification represents a new loan or a continuation of an existing loan. The amendment also adjusts the disclosures related to modifications and requires entities to disclose current-period gross write-offs by year of origination within the existing vintage disclosures. The amendments in this ASU are effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years and early adoption is permitted. The Company is currently evaluating the impact of adopting the new guidance on the consolidated financial statements.

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.

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Equity Incentive Plan - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		9 Months Ended		12 Months Ended
	Jan. 17, 2013	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity incentive plan name	2013 Omnibus Incentive Plan
Granted (in shares)		42,850	44,750
Nonvested, number of shares (in shares)		171,150	239,750
Remaining contractual life (years)		4 years 3 months 18 days	3 years 10 months 24 days	3 years 10 months 24 days	4 years 4 months 24 days
Options outstanding (in shares)			239,750
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized		$ 1,076	$ 1,460
Remaining contractual life (years)		5 years	5 years
Compensation cost not yet recognized, period for recognition (in years)		1 year 9 months 18 days	2 years
Performance Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Non-vested (in shares)		33,218	28,852
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	1 year 10 months 24 days
Compensation not yet recognized, share-based awards other than options		$ 3,137	$ 3,196
Non-vested (in shares)		135,510	147,647	151,575	144,046
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, amount						$ 13,297
Shares repurchased, average cost per share (in usd per share)						$ 15.71

Loans and Allowance for Credit Losses on Loans - Schedule of Debt Restructurings on Financing Receivables (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2022 USD ($) loan	Mar. 31, 2021 USD ($) loan	Mar. 31, 2022 USD ($) loan	Mar. 31, 2021 USD ($) loan
Financing Receivable, Modifications
Number of loans \| loan	4	7,000	11,000	19
Pre-modification outstanding recorded investment	$ 883	$ 293	$ 1,250	$ 5,105
Post-modification outstanding recorded investment	$ 877	$ 318	$ 1,233	$ 5,071
Other TDR
Financing Receivable, Modifications
Number of loans \| loan			11,000	19
Pre-modification outstanding recorded investment			$ 1,041	$ 5,105
Post-modification outstanding recorded investment			$ 1,027	$ 5,071
Extended Payment Terms
Financing Receivable, Modifications
Number of loans \| loan			2	0
Pre-modification outstanding recorded investment			$ 85	$ 0
Post-modification outstanding recorded investment			$ 85	$ 0
Below Market Interest Rate
Financing Receivable, Modifications
Number of loans \| loan			1	0
Pre-modification outstanding recorded investment			$ 124	$ 0
Post-modification outstanding recorded investment			$ 121	$ 0
Commercial Loans \| Other TDR \| Commercial real estate
Financing Receivable, Modifications
Number of loans \| loan			0	1
Pre-modification outstanding recorded investment			$ 0	$ 4,408
Post-modification outstanding recorded investment			$ 0	$ 4,407
Commercial Loans \| Other TDR \| Commercial and industrial
Financing Receivable, Modifications
Number of loans \| loan	2	0	2,000	0
Pre-modification outstanding recorded investment	$ 841	$ 0	$ 841	$ 0
Post-modification outstanding recorded investment	$ 835	$ 0	$ 835	$ 0
Retail Consumer Loans \| One-to-four family
Financing Receivable, Modifications
Number of loans \| loan	1	2,000	2,000	4
Pre-modification outstanding recorded investment	$ 37	$ 212	$ 93	$ 269
Post-modification outstanding recorded investment	$ 37	$ 212	$ 92	$ 261
Retail Consumer Loans \| HELOCs - originated
Financing Receivable, Modifications
Number of loans \| loan	0	2,000	1,000	2
Pre-modification outstanding recorded investment	$ 0	$ 53	$ 18	$ 53
Post-modification outstanding recorded investment	$ 0	$ 74	$ 18	$ 74
Retail Consumer Loans \| Indirect auto finance
Financing Receivable, Modifications
Number of loans \| loan	1	3,000	6,000	11
Pre-modification outstanding recorded investment	$ 5	$ 28	$ 89	$ 150
Post-modification outstanding recorded investment	$ 5	$ 32	$ 82	$ 110
Retail Consumer Loans \| Other TDR \| Construction and land/lots
Financing Receivable, Modifications
Number of loans \| loan			0	1
Pre-modification outstanding recorded investment			$ 0	$ 225
Post-modification outstanding recorded investment			$ 0	$ 219
Retail Consumer Loans \| Extended Payment Terms \| One-to-four family
Financing Receivable, Modifications
Number of loans \| loan			1	0
Pre-modification outstanding recorded investment			$ 35	$ 0
Post-modification outstanding recorded investment			$ 35	$ 0
Retail Consumer Loans \| Extended Payment Terms \| HELOCs - originated
Financing Receivable, Modifications
Number of loans \| loan			1	0
Pre-modification outstanding recorded investment			$ 50	$ 0
Post-modification outstanding recorded investment			$ 50	$ 0
Retail Consumer Loans \| Below Market Interest Rate \| One-to-four family
Financing Receivable, Modifications
Number of loans \| loan			1	0
Pre-modification outstanding recorded investment			$ 124	$ 0
Post-modification outstanding recorded investment			$ 121	$ 0

Loans Held For Sale (Tables)

9 Months Ended

Mar. 31, 2022

Schedule of Loans Held for Sale

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


	March 31, 2022		June 30, 2021
One-to-four family	$	14,647	$	31,873
SBA	8,105		4,160
HELOCs - originated	62,511		57,506

Total	$	85,263	$	93,539

Loans consist of the following at the dates indicated:


	March 31, 2022		June 30, 2021
Commercial loans:
Commercial real estate	$	1,102,184	$	1,142,276
Construction and development	251,668		179,427
Commercial and industrial	167,342		141,341
Equipment finance	378,629		317,920
Municipal finance	130,260		140,421
PPP loans	2,756		46,650
Total commercial loans	2,032,839		1,968,035
Retail consumer loans:
One-to-four family	347,945		406,549
HELOCs - originated	128,445		130,225
HELOCs - purchased	26,911		38,976
Construction and land/lots	72,735		66,027
Indirect auto finance	83,903		115,093
Consumer	6,760		8,362
Total retail consumer loans	666,699		765,232
Total loans, net of deferred loan fees and costs	2,699,538		2,733,267


Allowance for credit losses on loans	(31,034)		(35,468)
Loans, net	$	2,668,504	$	2,697,799

_________________________________________________________________

(1) At March 31, 2022 and June 30, 2021 accrued interest receivable of $7,427 and $7,339 was accounted for separately from the amortized cost basis.


	Type of Collateral and Extent to Which Collateral Secures Financial Assets
March 31, 2022	Residential Property		Investment Property		Commercial Property		Business Assets		Financial Assets Not Considered Collateral Dependent		Total

Commercial loans:
Commercial real estate	$	—	$	—	$	282	$	—	$	1,101,902	$	1,102,184
Construction and development	—		—		—		—		251,668		251,668
Commercial and industrial	—		—		—		1,311		166,031		167,342
Equipment finance	—		—		—		—		378,629		378,629
Municipal finance	—		—		—		—		130,260		130,260
PPP loans	—		—		—		—		2,756		2,756
Retail consumer loans:
One-to-four family	1,347		—		—		—		346,598		347,945
HELOCs - originated	—		—		—		—		128,445		128,445
HELOCs - purchased	—		—		—		—		26,911		26,911
Construction and land/lots	—		—		—		—		72,735		72,735
Indirect auto finance	—		—		—		—		83,903		83,903
Consumer	—		—		—		—		6,760		6,760
Total	$	1,347	$	—	$	282	$	1,311	$	2,696,598	$	2,699,538
Total Collateral Value	$	2,285	$	—	$	288	$	—


	Type of Collateral and Extent to Which Collateral Secures Financial Assets
June 30, 2021	Residential Property		Investment Property		Commercial Property		Business Assets		Financial Assets Not Considered Collateral Dependent		Total

Commercial loans:
Commercial real estate	$	—	$	3,421	$	2,308	$	—	$	1,136,547	$	1,142,276
Construction and development	—		80		—		—		179,347		179,427
Commercial and industrial	—		—		—		25		141,316		141,341
Equipment finance	—		—		—		—		317,920		317,920
Municipal finance	—		—		—		—		140,421		140,421
PPP loans	—		—		—		—		46,650		46,650
Retail consumer loans:
One-to-four family	807		—		—		—		405,742		406,549
HELOCs - originated	—		—		—		—		130,225		130,225
HELOCs - purchased	—		—		—		—		38,976		38,976
Construction and land/lots	—		—		—		—		66,027		66,027
Indirect auto finance	—		—		—		—		115,093		115,093
Consumer	—		—		—		—		8,362		8,362
Total	$	807	$	3,501	$	2,308	$	25	$	2,726,626	$	2,733,267
Total Collateral Value	$	1,160	$	3,602	$	2,723	$	26

Fair Value of Financial Instruments - Schedule of Fair Value Measurements, Nonrecurring (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	$ 164	$ 5,116
Commercial Loans \| Commercial Property
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	4,841
Commercial Loans \| Commercial and industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	164	275
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 1 \| Commercial Loans \| Commercial Property
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 \| Commercial Loans \| Commercial and industrial
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	0	0
Fair Value, Inputs, Level 2 \| Commercial Loans \| Commercial Property
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 \| Commercial Loans \| Commercial and industrial
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 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	164	5,116
Fair Value, Inputs, Level 3 \| Commercial Loans \| Commercial Property
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	4,841
Fair Value, Inputs, Level 3 \| Commercial Loans \| Commercial and industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on a non-recurring basis	$ 164	$ 275

Label	Element	Value
Accounting Standards Update [Extensible List]	us-gaap_AccountingStandardsUpdateExtensibleList	us-gaap:AccountingStandardsUpdate201613Member

Indicates amendment to accounting standards.

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