0001538263-23-000047 | 10-K | XBRL Viewer

Employee Benefit Plans

The HomeTrust Bank KSOP Plan is comprised of two components, the 401(k) Plan and the ESOP. The KSOP benefits employees who have attained age 21 and who are employed on the last day of the plan year, or separated during the plan year due to death, disability, or after meeting normal retirement age. Under the 401(k), the Company matches employee contributions at 50% of employee deferrals up to 6% of each employee’s eligible compensation. The Company may also make discretionary profit sharing contributions for the benefit of all eligible participants as long as total contributions do not exceed applicable limitations. Employees become fully vested in the Company’s contributions after four years of service. Under the ESOP, the amount of the Bank's annual contribution is discretionary; however, it must be sufficient to pay the annual loan payment to the Company.

The Company’s expense for 401(k) contributions to this plan was $987, $911, and $914 for the years ended June 30, 2023, 2022, and 2021, respectively. The Company's expense related to the ESOP for the fiscal years ended June 30, 2023, 2022, and 2021 was $1,279, $1,502, and $1,125, respectively.

Shares held by the ESOP at the dates indicated include the following:



	June 30, 2023		June 30, 2022
Unallocated ESOP shares	476,100		529,000
Allocated ESOP shares	555,450		502,550
ESOP shares committed to be released	26,450		26,450
Total ESOP shares	1,058,000		1,058,000
Fair value of unallocated ESOP shares	$	9,946	$	14,759

Post-retirement health care benefits are provided to certain key current and former officers under the Company’s Executive Medical Care Plan (“EMCP”). The EMCP is unfunded and is not qualified under the IRC. Plan expense for the years ended June 30, 2023, 2022, and 2021 was $50, $219, and $263, respectively. Total accrued expenses related to this plan included in other liabilities were $5,425 and $5,533 as of June 30, 2023 and 2022, respectively.

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Current
Federal	$ 11,119	$ 2,411	$ (340)
State	1,874	730	188
Total current expense (benefit)	12,993	3,141	(152)
Deferred
Federal	(377)	5,992	3,374
State	(56)	592	199
Total deferred expense (benefit)	(433)	6,584	3,573
Total income tax expense	$ 12,560	$ 9,725	$ 3,421

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2023
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations 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 its consolidated subsidiary, unless the context otherwise requires. HomeTrust is a bank holding company primarily engaged in the business of planning, directing, and coordinating the business activities of the Bank. The Bank is a North Carolina state chartered bank and provides a wide range of retail and commercial banking products within its geographic footprint, which includes: North Carolina (the Asheville metropolitan area, the "Piedmont" region, Charlotte, and Raleigh/Cary), Upstate South Carolina (Greenville), East Tennessee (Kingsport/Johnson City, Knoxville, and Morristown), Southwest Virginia (the Roanoke Valley), and Georgia (Greater Atlanta). The Bank operates under a single set of corporate policies and procedures and is recognized as a single banking segment for financial reporting purposes. As a result of its merger with Quantum on February 12, 2023, HomeTrust became the 100% successor owner of the Quantum Capital Statutory Trust II Delaware trust. The sole assets of the trust represent the proceeds of offerings loaned in exchange for subordinated debentures with similar terms to the trust preferred securities.
Principles of Consolidation and Subsidiary Activities	Principles of Consolidation and Subsidiary Activities The accompanying consolidated financial statements include the accounts of HomeTrust, the Bank, and its wholly-owned subsidiary, WNCSC, at or for the years ended June 30, 2023, 2022, and 2021. WNCSC owns office buildings in Asheville, North Carolina that are leased to the Bank. All intercompany items have been eliminated.
Reclassifications	Reclassifications 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. Subsequent Events The Company has evaluated subsequent events for recognition and disclosure through September 11, 2023, which is the date the financial statements were available to be issued.
Use of Estimates in Financial Statements	Use of Estimates in Financial Statements The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash Flows	Cash Flows Cash and cash equivalents include cash and interest-bearing deposits with initial terms to maturity of 90 days or less. Net cash flows are reported for customer loan and deposit transactions, FHLB and FRB stock, SBIC investments at cost, revolving lines of credit, and short-term borrowings.
Commercial Paper	Commercial Paper Commercial paper includes highly liquid short-term debt of investment graded corporations with maturities less than one year. These instruments are typically purchased at a discount based on prevailing interest rates and do not exceed $15,000 per issuer.
Debt Securities	Debt Securities Debt securities available for sale are carried at fair value. These securities are used to execute asset/liability management strategies, manage liquidity, and leverage capital, and therefore may be sold prior to maturity. Adjustments for unrealized gains or losses, net of the income tax effect, are made to accumulated other comprehensive income (loss), a separate component of total stockholders’ equity. Securities held to maturity are stated at cost, net of unamortized balances of premiums and discounts. When these securities are purchased, the Company intends to and has the ability to hold such securities until maturity. Premiums and discounts are amortized or accreted over the life of the security as an adjustment to yield. Dividend and interest income are recognized when earned. Gains or losses on the sale of securities are recognized on the trade date using the specific identification method. ACL – Available for Sale Securities For available for sale debt securities in an unrealized loss position, the Company evaluates the securities to determine whether the decline in the fair value below the amortized cost basis (impairment) is due to credit-related factors or noncredit-related factors. Any impairment that is not credit related is recognized in other comprehensive income, net of applicable taxes. Credit-related impairment is recognized as an ACL on the balance sheet, limited to the amount by which the amortized cost basis exceeds the fair value, with a corresponding adjustment to earnings. Both the ACL and the adjustment to net income may be reversed if conditions change. However, if the Company intends to sell an impaired available for sale debt security, or more likely than not will be required to sell such a security before recovering its amortized cost basis, the entire impairment amount must be recognized in earnings with a corresponding adjustment to the security’s amortized cost basis. Because the security’s amortized cost basis is adjusted to fair value, there is no ACL in such a situation. In evaluating available for sale debt securities in unrealized loss positions for impairment and the criteria regarding its intent or requirement to sell such securities, the Company considers the extent to which fair value is less than amortized cost, whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuers’ financial condition, among other factors. Changes in the ACL are recorded as a provision for (or reversal of) credit loss expense. Losses are charged against the ACL when management believes the uncollectability of an available for sale debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable is excluded from the estimate of credit losses. ACL – Held to Maturity Securities The ACL on held to maturity securities is estimated on a collective basis by major security type. ECLs are estimated using a DCF methodology which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Accrued interest receivable is excluded from the estimate of credit losses.
FHLB and FRB Stock	FHLB and FRB Stock 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. Both cash and stock dividends are reported as income.
SBIC Investment, At Cost	SBIC Investments, At Cost SBIC investments are equity interests in limited partnerships which are investments the Company has classified as VIEs, legal entities that either do not have sufficient equity to finance their activities without the support from other parties or whose equity investors lack a controlling financial interest. A controlling financial interest is defined as a group that has the power to direct the activities that most significantly impact the VIEs' economic performance, the obligation to absorb the expected losses, or the right to receive the expected residual returns. As the Company is not the primary beneficiary, nor does it hold a controlling interest in the VIEs, these investments have not been consolidated. The SBIC investments do not have readily determinable fair values and are recorded under the equity method of accounting at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment. Adjustments to the cost basis occur as a result of capital contributions, distributions, the Company's share of earnings, or changes in the value of the Company's equity position. The Company's share of earnings is included in interest and dividend income with a one-quarter lag period.
Loans Held for Sale	Loans Held for Sale Residential mortgages originated and intended for sale in the secondary market through mandatory delivery contracts are recorded at fair value (fair value option elected). Fair value includes the servicing value of the loans as well as any accrued interest, with changes in value recorded through the gain on sale of loans held for sale. Conversely, residential mortgages originated and intended for sale in the secondary market on a best efforts basis are sold with servicing released and carried at the lower of cost or fair value as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. The Company originates loans guaranteed by the SBA for the purchase of businesses, business startups, business expansion, equipment, and working capital. All SBA loans are underwritten and documented as prescribed by the SBA. SBA loans are generally fully amortizing and have maturity dates and amortizations of up to 25 years. SBA loans are classified as held for sale and are carried at the lower of cost or fair value. The guaranteed portion of the loan is sold and the servicing rights are retained. A gain is recorded for any premium received in excess of the carrying value of the net assets transferred in the sale and is included in the gain on sale of loans held for sale. The portion of SBA loans that are retained are adjusted to fair value and reclassified to total loans, net of deferred costs (loans held for investment). The net value of the retained loans is included in the appropriate loan classification for disclosure purposes. HELOCs held for sale are originated through a third party in various states outside the Company's geographic footprint, but are underwritten to the Company's underwriting guidelines. The loans are generally held for sale by the Company over a 90 to 180 day period and are serviced by the third party. The loans are marketed by the third party to investors in pools and once sold the Company recognizes a gain or loss on the sale which is recorded through the gain on sale of loans held for sale.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are carried at their outstanding principal amount, less unearned income and deferred nonrefundable loan fees, net of certain origination costs. The Company has made a policy election to exclude accrued interest from the amortized cost basis of loans and report accrued interest separately from the related loan balance on the consolidated balance sheets. Interest income is recorded as earned on an accrual basis based on the contractual rate and the outstanding balance, except for nonaccruing loans where interest is recorded as earned on a cash basis. Net deferred loan origination fees/costs are deferred and amortized to interest income over the life of the related loan. The Company’s policies related to when loans are placed on nonaccruing status conform to guidelines prescribed by bank regulatory authorities. Generally, the Company suspends the accrual of interest on loans (i) that are maintained on a cash basis because of the deterioration of the financial condition of the borrower, (ii) for which payment in full of principal or interest is not expected (impaired loans), or (iii) on which principal or interest has been in default for a period of 90 days or more, unless the loan is both well secured and in the process of collection. Under the Company’s cost recovery method, interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accruing status when all principal and interest amounts contractually due are brought current and concern no longer exists as to the future collectability of principal and interest, which is generally confirmed when the loan demonstrates performance for six consecutive months or payment cycles.
ACL - Loans and Leases	ACL – Loans and Leases The Company adopted the CECL model under ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” on July 1, 2020 using the modified retrospective approach. Results for the periods beginning after July 1, 2020 are presented under ASU 2016-13 while prior period amounts are reported in accordance with the incurred loss model previously applicable US GAAP. The ACL reflects management’s estimate of losses that will result from the inability of its borrowers to make required loan payments. ECLs are reflected in the ACL through a provision for credit losses. Management records loans charged off against the ACL and subsequent recoveries, if any, increase the ACL when they are recognized. Management uses a systematic methodology to determine its ACL for loans held for investment and certain off-balance sheet credit exposures. The ACL is a valuation account that is deducted from the amortized costs basis to present the net amount expected to be collected on the loan portfolio. Management considers the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the loan portfolio. The Company has identified the following loan pools with similar risk characteristics for measuring ECLs: Commercial real estate – This category of loans consists of the following loan types: Construction and land development – These loans finance the ground up construction, improvement, carrying for sale, and loans secured by raw or improved land. The repayment of construction loans is generally dependent upon the successful completion of the improvements by the builder for the end user, or sale of the property to a third-party. Commercial real estate – owner and non-owner occupied – These loans include real estate loans for a variety of commercial property types and purposes, including those secured by commercial office or industrial buildings, warehouses, retail buildings, and various special purpose properties. Multifamily – These are investment real estate loans, primarily secured by non-owner occupied apartment or multifamily residential buildings. Generally, these types of loans are thought to involve a greater degree of credit risk than owner occupied commercial real estate as they are more sensitive to adverse economic conditions. Commercial – This category of loans consists of the following loan types: Commercial and industrial – These loans are for commercial, corporate, and business purposes across a variety of industries. These loans include general commercial and industrial loans, loans to purchase capital equipment, and other business loans for working capital and operational purposes. These loans are generally secured by accounts receivable, inventory, and other business assets. Equipment finance – These loans are primarily made up of commercial finance agreements and commercial leases provided by our Equipment Finance line of business, primarily for transportation, construction, healthcare, and manufacturing equipment. These loans have average terms of five years or less and are secured by the financed equipment. Municipal leases – These loans are primarily made to fire departments and depend on the tax revenues received from the applicable county or municipality. These leases are mainly secured by vehicles, fire stations, land, or equipment. Residential real estate – This category of loans consists of the following loan types: Construction and land development – These loans are to individuals and are typically secured by a one-to-four family residential property under construction or undeveloped or partially developed land in anticipation of the construction of a personal residence. One-to-four family – These loans are to individuals and are typically secured by one-to-four family residential property. HELOCs – These loans include both loans originated by the Company and those purchased from a third party and are often secured by second liens on residential real estate. Consumer – Consumer loans include loans secured by deposit accounts or personal property such as automobiles, boats, and motorcycles, as well as unsecured consumer debt. For collectively evaluated loans, the Company uses a DCF method for each loan in a pool, and the results are aggregated at the pool level. A periodic tendency to default and absolute loss given default are applied to a projective model of the pool’s cash flows while considering prepayment and principal curtailment effects. The analysis produces expected cash flows for each instrument in the pool by pairing loan-level term information (maturity date, payment amount, interest rate, etc.) with top-down pool assumptions (default rates and prepayment speeds). Management has determined that peer loss experience provides the best basis for its assessment of ECLs to determine the ACL. The Company utilized peer call report data to measure historical credit loss experience with similar risk characteristics within the segments over an economic cycle. Management reviewed the historical loss information to appropriately adjust for differences in current asset specific risk characteristics. Management also considered further adjustments to historical loss information for current conditions and reasonable and supportable forecasts that differ from the conditions that existed for the period over which historical information was evaluated. For collectively evaluated loans, the Company has incorporated a combination of three macroeconomic drivers using a statistical regression modeling methodology: the national unemployment rate, one-year change in the national home price index, and one-year change in national real gross domestic product. The macroeconomic drivers utilized vary by loan segment, although the national unemployment rate is incorporated for the majority of the segments. Due to the low loss rates of municipal leases and the expectation of them remaining low, management has elected to separately pool these loans. Management has elected to use readily available municipal default rates and loss given defaults in order to calculate ECLs. Management considers forward-looking information in estimating ECLs. The Company uses the Fannie Mae quarterly economic forecast which is a baseline outlook for the United States economy. For the contractual term that extends beyond the reasonable and supportable forecast period, the Company reverts to historical loss information within four quarters using a straight-line approach. Management may apply different reversion techniques depending on the economic environment for the financial asset portfolio and as of the current period has utilized a linear reversion technique. Included in its systematic methodology to determine its ACL for loans held for investment and certain off-balance sheet credit exposures, management considers the need to qualitatively adjust ECLs for risks not already captured in the loss estimation process. These qualitative adjustments can either increase or decrease the quantitative model estimation (i.e. formulaic model results). Each period the Company considers qualitative factors that are relevant within the qualitative framework consistent with the regulatory interagency policy statement on the ACL. When a loan no longer shares similar risk characteristics with its segment, the asset is assessed to determine whether it should be included in another pool or should be individually evaluated, which includes consideration of the materiality of the loan. Generally, individually evaluated loans other than TDRs are on nonaccrual status. The ECLs on individually evaluated loans will be estimated based on a DCF analysis unless the loan meets the criteria for use of the fair value of collateral, either by virtue of an expected foreclosure or through meeting the definition of collateral dependent. Financial assets that have been individually evaluated can be returned to a pool for purposes of estimating the ECL insofar as their credit profile improves and that the repayment terms are not considered to be unique to the asset. Restructured loans to borrowers who are experiencing financial difficulty, and on which the Company has granted concessions that modify the terms of the loan, are accounted for as TDRs. These loans remain as TDRs until the loan has been paid in full, modified to its original terms, or charged off. The Company may place these loans on accrual or nonaccrual status depending on the individual facts and circumstances of the borrower. Generally, these loans are put on nonaccrual status until there is adequate performance that evidences the ability of the borrower to make the contractual payments. This period of performance is normally at least six months, and may include performance immediately prior to or after the modification, depending on the specific facts and circumstances of the borrower. Management measures ECLs over the contractual term of the loans. When determining the contractual term, the Company considers expected prepayments but is precluded from considering expected extensions, renewals, or modifications, unless the Company reasonably expects it will execute a TDR with a borrower. In the event of a reasonably-expected TDR, the Company factors the reasonably-expected TDR into the CECL estimate. The effects of a TDR are recorded when an individual asset is specifically identified as a reasonably-expected TDR. The Company identifies the point at which it offers the modification to the borrower as the point at which the TDR is reasonably expected. The Company uses a DCF methodology to calculate the effect of the concession provided to the borrower within the ACL.
Acquired Loans	Acquired Loans Acquired loans are recorded at fair value at the date of acquisition based on a DCF methodology that considers various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. Certain larger purchased loans are individually evaluated while certain purchased loans are grouped together according to similar risk characteristics and are treated in the aggregate when applying various valuation techniques. These cash flow evaluations are inherently subjective as they require material estimates, all of which may be susceptible to significant change. Prior to July 1, 2020, loans acquired in a business combination that had evidence of deterioration of credit quality since origination and for which it was probable, at acquisition, that the Company would be unable to collect all contractually required payments receivable were considered PCI loans. PCI loans were individually evaluated and recorded at fair value at the date of acquisition with no initial valuation allowance based on a DCF methodology that considered various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. The difference between the undiscounted cash flows expected at acquisition and the investment in the loan, or the “accretable yield,” was recognized as interest income on a level-yield method over the life of the loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “nonaccretable difference,” were not recognized on the balance sheet and did not result in any yield adjustments, loss accruals or valuation allowances. Increases in expected cash flows, including prepayments, subsequent to the initial investment were recognized prospectively through adjustment of the yield on the loan over its remaining life. Decreases in expected cash flows were recognized as impairment. Valuation allowances on PCI loans reflected only losses incurred after the acquisition (meaning the present value of all cash flows expected at acquisition that ultimately were not to be received). Subsequent to July 1, 2020, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered PCD loans. At the acquisition date, an estimate of ECLs is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial ACL is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial ACL is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. All loans considered to be PCI prior to July 1, 2020 were converted to PCD on that date. For acquired loans not deemed purchased credit deteriorated at acquisition, the differences between the initial fair value and the unpaid principal balance are recognized as interest income on a level-yield basis over the lives of the related loans. At the acquisition date, an initial ACL is estimated and recorded as credit loss expense. The subsequent measurement of ECLs for all acquired loans is the same as the subsequent measurement of ECLs for originated loans.
Loan Commitments and ACL on Off-Balance Sheet Credit Exposures	Loan Commitments and ACL on Off-Balance Sheet Credit Exposures Financial instruments include off-balance sheet credit instruments, such as undisbursed portions of construction loans, commitments to originate loans, unused lines of credit, and standby letters of credit. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an ACL on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancellable, through a provision for credit losses charged against earnings. The ACL on these exposures is estimated by loan segment at each balance sheet date under the CECL model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur, and is included in other liabilities on the Company’s consolidated balance sheets.
Premises and Equipment	Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives. Leasehold improvements are amortized over the lives of the respective leases or the estimated useful life of the leasehold improvement, whichever is less. Maintenance and repair costs are expensed as incurred. Obligations under capital leases are amortized using the interest method to allocate payments between principal reduction and interest expense.
Real Estate Owned	Real Estate Owned Foreclosed assets are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. Physical possession of real property collateralizing a loan occurs when legal title is obtained upon completion of foreclosure or when the borrower conveys all interest in the property to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. If the fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed.
Bank Owned Life Insurance	Bank Owned Life Insurance The Company has purchased life insurance policies on certain key executives. BOLI is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Business Combinations	Business Combinations The Company uses the acquisition method of accounting for all business combinations. An acquirer must be identified for each business combination, and the acquisition date is the date the acquirer achieves control. The acquisition method of accounting requires the Company as acquirer to recognize the fair value of assets acquired and liabilities assumed at the acquisition date as well as recognize goodwill or a gain from a bargain purchase, if appropriate. Any acquisition-related costs and restructuring costs are recognized as period expenses as incurred.
Goodwill	Goodwill Goodwill represents the excess of the purchase price over the sum of the estimated fair values of the tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed in a business combination. Goodwill has an indefinite useful life and is evaluated for impairment annually in the fourth quarter or more frequently if events and circumstances indicate that the asset might be impaired. The Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining the need to perform the test for goodwill impairment (the qualitative method). If the qualitative method cannot be used or if the Company determines, based on the qualitative method, that the fair value is more likely than not less than the carrying amount, the Company compares the estimated fair value of a reporting unit with its carrying amount, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered impaired. If the carrying amount of a reporting unit exceeds its estimated fair value, the Company will record an impairment charge based on that difference. Our annual goodwill impairment test did not identify any impairment for the years ended June 30, 2023 and 2022.
Core Deposit Intangibles	Core Deposit Intangibles Core deposit intangibles represent the estimated value of long-term deposit relationships acquired in business combinations. These core deposit premiums are amortized using an accelerated method over the estimated useful lives of the related deposits, typically between five and 10 years. The estimated useful lives are periodically reviewed for reasonableness.
Servicing Rights	Servicing Rights When loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on market prices for comparable mortgage servicing contracts, when available or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is determined by stratifying rights into groupings based on predominant risk characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. Changes in valuation allowances are reported within loan income and fees on the income statement. The fair values of servicing rights are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and default rates and losses. Servicing fee income, which is reported on the income statement as loan income and fees, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of servicing rights is netted against loan servicing fee income. Late fees and ancillary fees related to loan servicing are not material.
Revenue from Contract with Customer	Revenue from Contracts with Customers The Company records revenue from contracts with customers in accordance with ASC Topic 606, “Revenue from Contracts with Customers”. Under Topic 606, the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. Significant revenue has not been recognized in the current reporting period that results from performance obligations satisfied in previous periods. The Company’s primary sources of revenue are derived from interest and dividends earned on loans, investment securities, and other financial instruments that are not within the scope of Topic 606. The Company has evaluated the nature of its contracts with customers and determined that further disaggregation of revenue from contracts with customers into more granular categories beyond what is presented in the Consolidated Statements of Income was not necessary. The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed, charged either on a periodic basis or based on activity. Since performance obligations are satisfied as services are rendered and the transaction prices are fixed, the Company has made no significant judgments in applying the revenue guidance prescribed in ASC 606 that affect the determination of the amount and timing of revenue from contracts with customers.
Stock-Based Compensation	Stock-Based Compensation The Company issues restricted stock, restricted stock units, and stock options under the HomeTrust Bancshares, Inc. 2022 Omnibus Incentive Plan (“2022 Omnibus Incentive Plan”) to key officers and outside directors. In accordance with the requirements of the FASB ASC 718, "Compensation – Stock Compensation," the Company has adopted a fair value based method of accounting for employee stock compensation plans, whereby compensation cost is measured based on the fair value of the award as of the grant date and recognized over the vesting period. The Company accounts for forfeitures as they occur.
Comprehensive Income	Comprehensive Income Comprehensive income consists of net income and net unrealized gains (losses) on debt securities available for sale and is presented in the Consolidated Statements of Comprehensive Income.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced, if necessary, by the amount of such benefits that are not expected to be realized based upon available evidence. See "Note 12 – Income Taxes" for additional information. The Company recognizes interest and penalties accrued relative to unrecognized tax benefits in its respective federal or state income taxes accounts. As of June 30, 2023 and 2022, there were no accruals for uncertain tax positions. As of June 30, 2023, no interest or penalties were accrued compared to an accrual of $28 as of June 30, 2022.
Derivative Instruments and Hedging	Derivative Instruments and Hedging The Company holds and issues derivative financial instruments such as IRLCs and other forward sale commitments. IRLCs are subject to pricing risk primarily related to fluctuations in market interest rates. To hedge the interest rate risk on certain IRLCs, the Company uses forward sale commitments such as TBAs or mandatory delivery commitments with investors. Management expects these forward sale commitments to experience changes in fair value opposite to the changes in fair value of the IRLCs, thereby reducing earnings volatility. Forward sale commitments are also used to hedge the interest rate risk on mortgage loans held for sale that are not committed to investors and still subject to price risk. If the mandatory delivery commitments are not fulfilled, the Company pays a pair-off fee. Best effort forward sale commitments are also executed with investors, whereby certain loans are locked with a borrower and simultaneously committed to an investor at a fixed price. If the best effort IRLC does not fund, there is no obligation to fulfill the investor commitment. The Company considers various factors and strategies in determining what portion of the IRLCs and uncommitted mortgage loans held for sale to economically hedge. All derivative instruments are recognized as other assets or other liabilities on the consolidated statements of financial condition at their fair value. Changes in the fair value of the derivative instruments and gains and losses resulting from the pairing-out of forward sale commitments are recognized in the gain on sale of loans held for sale on the consolidated statements of income in the period in which they occur. The Company accounts for all derivative instruments as free-standing derivative instruments and does not designate any for hedge accounting.
Net Income Per Share	Net Income per Share Basic EPS is computed by dividing net income by the weighted-average number of common shares outstanding for the year, less the average number of nonvested restricted stock awards. Diluted EPS reflects the potential dilution from the issuance of additional shares of common stock caused by the exercise of stock options and restricted stock awards. In addition, nonvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents are considered participating securities and are included in the computation of EPS pursuant to the two-class method. The two-class method is an earnings allocation formula that determines EPS for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. ESOP shares are considered outstanding for basic and diluted EPS when the shares are committed to be released. Net income is allocated between the common stock and participating securities pursuant to the two-class method, based on their rights to receive dividends, participate in earnings, or absorb losses. See "Note 16 – Net Income per Share" for further discussion on the Company’s EPS.
Recent Accounting Pronouncements	Adoption of New Accounting Standards ASU 2016-13, "Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." In June 2016, the FASB issued ASU 2016-13 which made significant changes to the ACL on financial instruments presented on an amortized cost basis and disclosures about them. The CECL impairment model requires an estimate of ECLs, measured over the contractual life of an instrument, which considers reasonable and supportable forecasts of future economic conditions in addition to information about past events and current conditions. The standard provides significant flexibility and requires a high degree of judgment with regards to pooling financial assets with similar risk characteristics and adjusting the relevant historical loss information in order to develop an estimate of expected lifetime losses. ASU 2016-13 permits the use of estimation techniques that are practical and relevant to the Company’s circumstances, as long as they are applied consistently over time and faithfully estimate ECLs in accordance with the standard. The ASU lists several common credit loss methods that are acceptable such as a DCF method, loss-rate method and roll-rate method. In addition, ASU 2016-13 amended the ACL on debt securities and purchased financial assets with credit deterioration. The Company adopted ASU 2016-13 on July 1, 2020 using the modified retrospective approach. Results for the periods beginning after July 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable US GAAP. The Company recorded a net reduction of retained earnings of $13,358 upon adoption. The transition adjustment included an increase in the ACL on loans of $14,809, an increase in the ACL on off-balance sheet credit exposures of $2,288, and the establishment of an ACL on commercial paper of $250, net of the corresponding increases in deferred tax assets of $3,989. The adoption of this ASU did not have an effect on AFS debt securities. The Company adopted ASU 2016-13 using the prospective transition approach for PCD financial assets that were previously classified as PCI and accounted for under ASC 310-30. In accordance with the standard, the Company did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The remaining discount on the PCD assets was determined to be related to noncredit factors and will be accreted into interest income on a level-yield method over the life of the loans. ASU 2021-05, "Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments." This ASU amended 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. The adoption of this standard on July 1, 2022, did not have a material impact on the Company's consolidated financial statements. Newly Issued but Not Yet Effective Accounting Standards 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 adoption of ASU 2022-02 is not expected to have a material impact on the Company's consolidated financial statements.

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Interest and dividend income
Loans	$ 176,270	$ 109,603	$ 111,798
Commercial paper	1,300	1,721	1,206
Debt securities available for sale	4,350	1,802	2,024
Other investments and interest-bearing deposits	5,206	2,988	3,705
Total interest and dividend income	187,126	116,114	118,733
Interest expense
Deposits	25,524	5,260	9,370
Junior subordinated debt	327	0	0
Borrowings	3,860	80	6,041
Total interest expense	29,711	5,340	15,411
Net interest income	157,415	110,774	103,322
Provision (benefit) for credit losses	15,392	(592)	(7,135)
Net interest income after provision (benefit) for credit losses	142,023	111,366	110,457
Noninterest income
Service charges and fees on deposit accounts	9,510	9,462	9,083
Loan income and fees	2,571	3,185	2,208
Gain on sale of loans held for sale	5,608	12,876	17,352
BOLI income	2,116	2,000	2,156
Operating lease income	5,471	6,392	5,601
Gain on sale of debt securities available for sale	0	1,895	0
Gain (loss) on sale of premises and equipment	2,097	(87)	(1,311)
Other	3,677	3,386	4,732
Total noninterest income	31,050	39,109	39,821
Noninterest expense
Salaries and employee benefits	62,221	59,591	62,956
Occupancy expense, net	9,891	9,692	9,521
Computer services	11,772	10,629	9,607
Telephone, postage and supplies	2,468	2,545	3,122
Marketing and advertising	2,139	2,583	1,626
Deposit insurance premiums	2,249	1,712	1,799
Core deposit intangible amortization	1,525	250	735
Branch closure and restructuring expenses	0	0	1,513
Officer transition agreement expense	0	1,795	0
Merger-related expenses	5,465	0	0
Prepayment penalties on borrowings	0	0	22,690
Other	18,179	16,300	17,613
Total noninterest expense	115,909	105,097	131,182
Income before income taxes	57,164	45,378	19,096
Income tax expense	12,560	9,725	3,421
Net income	$ 44,604	$ 35,653	$ 15,675
Net income per common share
Basic (in dollars per share)	$ 2.82	$ 2.27	$ 0.96
Diluted (in dollars per share)	$ 2.80	$ 2.23	$ 0.94
Average shares outstanding
Basic (in shares)	15,698,618	15,516,173	16,078,066
Diluted (in shares)	15,781,506	15,810,409	16,495,115

Merger with Quantum - Narrative (Details) $ in Thousands	Feb. 12, 2023 USD ($) location	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Business Acquisition [Line Items]
Number of locations \| location	2
Goodwill		$ 34,111	$ 25,638
Quantum
Business Acquisition [Line Items]
Aggregate amount of consideration to be paid	$ 70,771
Prepaid cash consideration to stockholders	15,869
Goodwill	$ 8,473

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

Goodwill and Core Deposit Intangibles - Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Feb. 12, 2023
Goodwill [Line Items]
Goodwill	$ 34,111	$ 25,638
Quantum
Goodwill [Line Items]
Goodwill				$ 8,473
Core deposit intangibles	$ 12,210			$ 0
Core Deposits
Goodwill [Line Items]
Finite-lived intangible asset, useful life	10 years
Amortization expense related to core deposit intangibles in acquisitions	$ 1,525	$ 250	$ 735
Core Deposits \| Quantum
Goodwill [Line Items]
Core deposit intangibles	$ 12,210

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

Fair Value of Financial Instruments

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net income	$ 44,604	$ 35,653	$ 15,675
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision (benefit) for credit losses	15,392	(592)	(7,135)
Depreciation and amortization of premises and equipment and equipment for operating leases	9,063	9,348	9,499
Deferred income tax expense (benefit)	(433)	6,584	3,573
Net accretion of purchase accounting adjustments on loans	(1,698)	(1,628)	(2,088)
Net amortization and accretion	4,346	2,450	2,717
SBIC investments income	(1,740)	(1,673)	(1,127)
Prepayment penalties paid on borrowings	0	0	22,690
Gain (loss) on sale of premises and equipment	(2,097)	87	1,311
Loss (gain) on sale of REO	89	7	(65)
Loss (gain) incurred at the end of operating leases - lessor	451	12	(43)
BOLI income	(2,116)	(2,000)	(2,156)
Gain on sale of debt securities available for sale	0	(1,895)	0
Gain on sale of loans held for sale	(5,608)	(12,876)	(17,352)
Origination of loans held for sale	(311,198)	(465,263)	(622,400)
Proceeds from sales of loans held for sale	213,482	463,603	600,784
New deferred loan origination (costs) fees, net	(2,824)	(316)	1,698
Increase in accrued interest receivable and other assets	(7,467)	(3,604)	(756)
Share-based compensation expense	1,854	2,152	2,102
ESOP compensation expense	1,279	1,502	1,125
Increase in other liabilities	2,225	1,577	1,507
Net cash provided by (used in) operating activities	(42,396)	33,128	9,559
Investing activities
Purchase of debt securities available for sale	(81,687)	(41,649)	(107,988)
Proceeds from maturities, calls and paydowns of debt securities available for sale	65,585	65,399	76,663
Proceeds from sale of debt securities available for sale	0	1,895	0
Purchases of commercial paper	(210,292)	(558,482)	(715,635)
Proceeds from maturities and calls of commercial paper	406,269	555,472	831,862
Purchases of CDs in other banks	(18,166)	(1,244)	(7,321)
Proceeds from maturities of CDs in other banks	8,565	17,815	22,888
Net (purchases) redemptions of FHLB and FRB stock	(9,757)	4,213	17,138
Net capital contributions in SBIC investments, at cost	(429)	(914)	(775)
Net (increase) decrease in loans	(313,690)	(6,462)	56,296
Purchase of BOLI	(109)	(173)	(72)
Proceeds from redemption of BOLI	0	0	1,307
Purchase of equipment for operating leases - lessor	(11,333)	(2,901)	(11,879)
Sale of equipment for operating leases - lessor	8,607	5,981	2,647
Purchase of premises and equipment	(3,420)	(6,608)	(16,081)
Proceeds from sale of premises and equipment and assets held for sale	8,012	2,322	0
Proceeds from sale of REO	111	181	449
Net cash received in merger	30,601	0	0
Net cash provided by (used in) investing activities	(121,133)	34,845	149,499
Financing activities
Net increase (decrease) in deposits	(69,195)	144,220	169,785
Net increase in revolving lines of credit	20,263	0	0
Net increase (decrease) in short-term borrowings	437,000	(115,000)	115,000
Proceeds from long-term borrowings	0	60,000	0
Repayment of long-term borrowings	(24,728)	(60,000)	(497,690)
Common stock repurchased	0	(43,348)	(16,155)
Cash dividends paid	(6,229)	(5,452)	(5,018)
Retired stock	(344)	(345)	(204)
Exercised stock options	5,140	6,081	4,592
Net cash provided by (used in) financing activities	361,907	(13,844)	(229,690)
Net increase (decrease) in cash and cash equivalents	198,378	54,129	(70,632)
Cash and cash equivalents at beginning of period	105,119	50,990	121,622
Cash and cash equivalents at end of period	303,497	105,119	50,990
Cash paid during the period for
Interest	26,212	5,312	16,446
Income taxes	7,679	684	532
Noncash transactions
Unrealized loss in value of debt securities available for sale, net of income taxes	(1,697)	(3,917)	(503)
Transfers of loans held for investment to REO	0	0	235
Transfers of loans held for sale to loans held for investment	18,337	43,083	23,106
Transfers of loans held for investment to loans held for sale	0	12,825	0
ROU asset and lease liabilities for operating lease accounting	5,179	1,186	2,586
ACL due to the adoption of ASU 2016-13	0	0	17,347
Transfer of premises and equipment to assets held for sale (included in other assets)	0	3,229	0
Fair value of assets acquired	665,090	0	0
Fair value of liabilities assumed	610,188	0	0
Net assets acquired	$ 54,902	$ 0	$ 0

Fair Value of Financial Instruments

12 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values:

Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.

Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3: Significant unobservable inputs that reflect a company's own assumptions about the assumptions that market participants would use in pricing an asset or liability.

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The following is a description of valuation methodologies used for assets recorded at fair value. The Company does not have any liabilities recorded at fair value.

Financial Assets Recorded at Fair Value

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


	June 30, 2023
	Total		Level 1		Level 2		Level 3
Debt securities available for sale
U.S government agencies	$	14,714	$	—	$	14,714	$	—
MBS, residential	107,414		—		107,414		—
Municipal bonds	3,388		—		3,388		—
Corporate bonds	26,410		—		26,410		—
Total debt securities available for sale	$	151,926	$	—	$	151,926	$	—

Loans held for sale	$	6,947	$	—	$	6,947	$	—


	June 30, 2022
	Total		Level 1		Level 2		Level 3
Debt securities available for sale
U.S government agencies	$	18,459	$	—	$	18,459	$	—
MBS, residential	47,233		—		47,233		—
Municipal bonds	5,558		—		5,558		—
Corporate bonds	55,728		—		55,728		—
Total debt securities available for sale	$	126,978	$	—	$	126,978	$	—

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

Loans held for sale carried at fair value are valued at the individual loan level using quoted secondary market prices.

There were no transfers between levels during the years ended June 30, 2023 and 2022.

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


	June 30, 2023
	Total		Level 1		Level 2		Level 3
Collateral dependent loans
Commercial real estate loans

Commercial real estate - owner occupied	$	364	$	—	$	—	$	364


Commercial loans
Commercial and industrial	167		—		—		167








Total	$	531	$	—	$	—	$	531


	June 30, 2022
	Total		Level 1		Level 2		Level 3
Collateral dependent loans





Commercial loans
Commercial and industrial	$	415	$	—	$	—	$	415

A loan is considered to be collateral dependent when, based on current information and events, the Company expects repayment of the financial assets to be provided substantially through the operation or sale of the collateral and the Company has determined that the borrower is experiencing financial difficulty as of the measurement date. For real estate loans, the fair value of the loan's collateral is determined by a third party appraisal, which is then adjusted for the estimated selling and closing costs related to liquidation of the collateral (typically ranging from 8% to 12% of the appraised value). For this asset class, the actual valuation methods (income, sales comparable, or cost) vary based on the status of the project or property. Additional discounts of 5% to 15% may be applied depending on the age of the appraisals. The unobservable inputs may vary depending on the age of the appraisals. The unobservable inputs may vary depending on the individual asset with no one of the three methods being the predominant approach. For non-real estate loans, the fair value of the loan's collateral may be determined using an appraisal, net book value per the borrower's financial statements, or aging reports, adjusted or discounted based on management's historical knowledge, changes in market conditions from the time of the valuation, and management's expertise and knowledge of the customer and customer's business.

The stated carrying value and estimated fair value amounts of financial instruments as of June 30, 2023 and June 30, 2022, are summarized below:


	June 30, 2023
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents	$	303,497	$	303,497	$	303,497	$	—	$	—

Certificates of deposit in other banks	33,152		33,152		—		33,152		—
Debt securities available for sale, at fair value	151,926		151,926		—		151,926		—
FHLB and FRB stock	20,208		N/A		N/A		N/A		N/A
SBIC investments, at cost	14,927		14,927		—		—		14,927
Loans held for sale, at fair value	6,947		6,947		6,947		—		—
Loans held for sale, at the lower of cost or fair value	161,703		163,874		—		—		163,874
Loans, net	3,611,630		3,455,390		—		—		3,455,390
Accrued interest receivable	14,829		14,829		99		410		14,320
Liabilities
Noninterest-bearing and NOW deposits	1,436,586		1,436,586		—		1,436,586		—
Money market accounts	1,241,840		1,241,840		—		1,241,840		—
Savings accounts	212,220		212,220		—		212,220		—
Certificates of deposit	710,522		701,965		—		701,965		—
Junior subordinated debt	9,971		9,746		—		9,746		—
Borrowings	457,263		457,213		—		457,213		—
Accrued interest payable	3,537		3,537		—		3,537		—


	June 30, 2022
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents	$	105,119	$	105,119	$	105,119	$	—	$	—
Commercial paper, net	194,427		194,427		194,427		—		—
Certificates of deposit in other banks	23,551		23,551		—		23,551		—
Debt securities available for sale, at fair value	126,978		126,978		—		126,978		—
FHLB and FRB stock	9,326		N/A		N/A		N/A		N/A
SBIC investments, at cost	12,758		12,758		—		—		12,758
Loans held for sale	79,307		80,489		—		—		80,489
Loans, net	2,734,605		2,687,293		—		—		2,687,293
Accrued interest receivable	8,573		8,573		24		580		7,969
Liabilities
Noninterest-bearing and NOW deposits	1,400,727		1,400,727		—		1,400,727		—
Money market accounts	969,661		969,661		—		969,661		—
Savings accounts	238,197		238,197		—		238,197		—
Certificates of deposit	491,176		485,452		—		485,452		—

Accrued interest payable	80		80		—		80		—

The Company had off-balance sheet financial commitments, which include approximately $950,387 and $921,239 of commitments to originate loans, undisbursed portions of construction loans, unused lines of credit, and standing letters of credit at June 30, 2023 and 2022, respectively (see "Note 17 – Commitments and Contingencies"). Since these commitments are based on current rates, the carrying amount approximates the fair value.

Merger with Quantum

12 Months Ended

Jun. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Merger with Quantum

Merger with QuantumOn February 12, 2023, the Company merged with Quantum which operated two locations in the Atlanta metro area. The aggregate amount of consideration to be paid per the purchase agreement of approximately $70,771, inclusive of consideration of common stock, other cash consideration, and cash in lieu of fractional shares, included $15,869 of cash consideration paid by Quantum to its stockholders in advance of the closing date as is further described below. These distributions reduced Quantum's stockholders' equity by an equal amount prior to the transaction closing date.

The following table provides a summary of the assets acquired, liabilities assumed, associated preliminary fair value adjustments, and provisional period adjustments by the Company as of the merger date. As provided for under US GAAP, management has up to 12 months following the date of merger to finalize the fair value adjustments.


	Quantum		Fair Value Adjustments		Provisional Period Adjustments		As Recorded by HomeTrust
Assets acquired
Cash and cash equivalents	$	47,769	$	—	$	—	$	47,769
Debt securities available for sale	10,608		—		—		10,608
FHLB and FRB stock	1,125		—		—		1,125
Loans(1)	567,140		(5,207)		—		561,933
Premises and equipment	4,415		4,668		—		9,083
Accrued interest receivable	1,706		—		—		1,706

BOLI	9,066		—		—		9,066

Core deposit intangibles	—		12,210		—		12,210
Other assets	2,727		569		(179)		3,117
Total assets acquired	$	644,556	$	12,240	$	(179)	$	656,617



Liabilities assumed
Deposits	$	570,419	$	183	$	—	$	570,602
Junior subordinated debt	11,341		(1,408)		—		9,933
Other borrowings	24,728		—		—		24,728
Deferred income taxes	—		1,341		250		1,591
Other liabilities	3,334		—		—		3,334
Total liabilities assumed	$	609,822	$	116	$	250	$	610,188

Net assets acquired							$	46,429

Consideration paid
Common stock consideration
Shares of Quantum							574,157
Exchange ratio							2.3942
HomeTrust common stock issued							1,374,647
Price per share of HomeTrust common stock on February 10, 2023							$	27.45
HomeTrust common stock consideration							$	37,734
Cash consideration(2)							17,168
Total consideration							$	54,902

Goodwill							$	8,473

(1)Adjustments to Quantum's total loans include the elimination of Quantum's existing allowance for loan losses of $5,972, the recognition of an ACL at close on PCD loans of $369, and adjustments to reflect the estimated credit fair value mark on the non-PCD loan portfolio of $2,932 and the estimated interest rate fair value adjustment on the loan portfolio as a whole (non-PCD and PCD) of $7,878.

(2)As indicated in the Current Report on Form 8-K/A filed with the SEC on March 30, 2023, the amount of cash consideration paid at closing differs from the $57.54 per share, or $33,037, reported in the Current Report on Form 8-K filed on February 13, 2023, which announced the closing of the merger. Consistent with the merger agreement, between the execution of the merger agreement and the transaction closing date, Quantum's principal stockholders had the option to withdraw some or all of the amount of cash consideration to eventually be paid at closing in advance of the closing date. The amount of cash consideration paid at closing was reduced by the amount withdrawn during this time period.

Goodwill of $8,473 arising from the merger consisted largely of synergies and the cost saves resulting from the combining of operations of the companies, and is not expected to be deductible for income tax purposes.

The following table provides a summary of PCD loans purchased as part of the Quantum merger as of the merger date:


	Commercial Real Estate		Commercial		Residential Real Estate		Consumer		Total
Unpaid principal balance	$	4,472	$	9,631	$	393	$	—	$	14,496
ACL	(292)		(72)		(5)		—		(369)
Non-credit premium (discount)	(1,448)		(190)		4		—		(1,634)
Fair value of PCD loans at merger date	$	2,732	$	9,369	$	392	$	—	$	12,493

The following unaudited pro forma combined condensed consolidated financial information presents the results of operations of the Company, including the effects of purchase accounting adjustments and acquisition expenses, had the merger taken place at July 1, 2021. The schedule excludes merger-related credit loss and merger-related expenses.


	Year Ended June 30,
	2023		2022
Interest and dividend income	$	214,703	$	151,427
Interest expense	32,866		6,762
Net interest income	181,837		144,665
Provision (benefit) for credit losses	10,122		4,363
Net interest income after provision (benefit) for credit losses	171,715		140,302
Noninterest income	32,950		44,608
Noninterest expense	121,430		130,040
Net income before income taxes	83,235		54,870
Income tax expense	18,556		7,592
Net income	$	64,679	$	47,278
Per share data
Net income per common share
Basic	$	3.76	$	2.78
Diluted	$	3.74	$	2.73
Average shares outstanding
Basic	17,073,264		16,890,819
Diluted	17,156,152		17,185,055

Net Income per Share - Narrative (Details) - shares	12 Months Ended
Net Income per Share - Narrative (Details) - shares	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	537,524	96,350

Debt Securities

12 Months Ended

Jun. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Debt Securities

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


	June 30, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
U.S. government agencies	$	15,000	$	—	$	(286)	$	14,714
MBS, residential	110,865		—		(3,451)		107,414
Municipal bonds	3,505		—		(117)		3,388
Corporate bonds	27,881		—		(1,471)		26,410

Total	$	157,251	$	—	$	(5,325)	$	151,926


	June 30, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
U.S. government agencies	$	18,993	$	5	$	(539)	$	18,459
MBS, residential	48,377		3		(1,147)		47,233
Municipal bonds	5,545		31		(18)		5,558
Corporate bonds	57,184		1		(1,457)		55,728

Total	$	130,099	$	40	$	(3,161)	$	126,978

Debt securities available for sale by contractual maturity at June 30, 2023 and 2022 are shown below. MBS are not included in the maturity categories because the borrowers in the underlying pools may prepay without penalty; therefore, it is unlikely that the securities will pay at their stated maturity schedule.


	June 30, 2023
	Amortized Cost		Estimated Fair Value
Due within one year	$	37,881	$	37,060
Due after one year through five years	2,994		2,903
Due after five years through ten years	5,511		4,549
Due after ten years	—		—
MBS, residential	110,865		107,414
Total	$	157,251	$	151,926


	June 30, 2022
	Amortized Cost		Estimated Fair Value
Due within one year	$	35,350	$	34,956
Due after one year through five years	40,325		39,018
Due after five years through ten years	6,047		5,771
Due after ten years	—		—
MBS, residential	48,377		47,233
Total	$	130,099	$	126,978

During the year ended June 30, 2022, the Company received proceeds of $1,895 from the sale of seven trust preferred securities, recognizing gross gains of $1,895. These securities had previously been written down to zero through purchase accounting adjustments from a merger in a prior period and continued to be carried at this amount as there was no active market, therefore the full amount of the proceeds received were recognized as a gain. The Company had no sales of debt securities available for sale and no gross realized gains or losses were recognized during the years ended June 30, 2023 and 2021.

Debt securities available for sale with amortized costs totaling $42,329 and $43,187 and market values of $40,475 and $41,876 at June 30, 2023 and June 30, 2022, respectively, were pledged as collateral to secure various public deposits and other borrowings.

The gross unrealized losses and the fair value for debt securities available for sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2023 and June 30, 2022 were as follows:


	June 30, 2023
	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	$	—	$	—	$	14,714	$	(286)	$	14,714	$	(286)
MBS, residential	83,281		(1,674)		24,133		(1,777)		107,414		(3,451)
Municipal bonds	2,420		(69)		968		(48)		3,388		(117)
Corporate bonds	607		(143)		25,053		(1,328)		25,660		(1,471)
Total	$	86,308	$	(1,886)	$	64,868	$	(3,439)	$	151,176	$	(5,325)


	June 30, 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	$	14,461	$	(539)	$	—	$	—	$	14,461	$	(539)
MBS, residential	41,658		(994)		5,269		(153)		46,927		(1,147)
Municipal bonds	1,970		(18)		—		—		1,970		(18)
Corporate bonds	39,454		(730)		14,273		(727)		53,727		(1,457)
Total	$	97,543	$	(2,281)	$	19,542	$	(880)	$	117,085	$	(3,161)

The total number of securities with unrealized losses at June 30, 2023 and June 30, 2022 were 205 and 177, 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 June 30, 2023 continue to perform as scheduled and management does not believe that there is a credit loss or that a provision for credit losses is necessary. Also, as part of management's evaluation of its intent and ability to hold investments for a period of time sufficient to allow for any anticipated recovery in the market, management considers its investment strategy, cash flow needs, liquidity position, capital adequacy and interest rate risk position. Management does not currently intend to sell the securities within the portfolio and it is not more-likely-than-not that securities will be required to be sold. See "Note 1 – Summary of Significant Account Policies" for further discussion.

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

Management excludes the accrued interest receivable balance from the amortized cost basis in measuring ECLs on investment securities and does not record an ACL on accrued interest receivable. As of June 30, 2023 and June 30, 2022, the accrued interest receivable for debt securities available for sale was $532 and $533, respectively.

Parent Company Only Condensed Financial Information - Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Assets
Cash and cash equivalents	$ 19,266	$ 20,910
Other assets	53,124	52,967
Total assets	4,607,487	3,549,204
Liabilities and stockholders’ equity
Junior subordinated debt	9,971	0
Borrowings	457,263	0
Other liabilities	67,899	60,598
Stockholders’ equity	471,186	388,845
Total liabilities and stockholders’ equity	4,607,487	3,549,204
Parent Company
Assets
Cash and cash equivalents	924	6,852
Investment in bank subsidiary	493,289	374,648
ESOP loan receivable	5,630	6,154
Other assets	1,626	1,252
Total assets	501,469	388,906
Liabilities and stockholders’ equity
Junior subordinated debt	9,971	0
Borrowings	20,263	0
Other liabilities	49	61
Stockholders’ equity	471,186	388,845
Total liabilities and stockholders’ equity	$ 501,469	$ 388,906

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Feb. 12, 2023	Jun. 30, 2022
Short-Term Debt [Line Items]
Interest or penalties accrued	$ 0		$ 28,000
Core Deposits
Short-Term Debt [Line Items]
Finite-lived intangible asset, useful life	10 years
Minimum
Short-Term Debt [Line Items]
Loans held-for-sale, term	90 days
Minimum \| Core Deposits
Short-Term Debt [Line Items]
Finite-lived intangible asset, useful life	5 years
Maximum
Short-Term Debt [Line Items]
Loans held-for-sale, term	180 days
Maximum \| Core Deposits
Short-Term Debt [Line Items]
Finite-lived intangible asset, useful life	10 years
SBA
Short-Term Debt [Line Items]
Loans held-for-sale, term	25 years
Equipment finance \| Commercial loans
Short-Term Debt [Line Items]
Loan, term	5 years
Commercial paper, net
Short-Term Debt [Line Items]
Maturities of short-term debt of investment graded corporations (less than)	1 year
Maximum amount of instruments per issuer	$ 15,000,000
Quantum
Short-Term Debt [Line Items]
Business acquisition, percentage of voting interests acquired		100.00%

Deferred Compensation Agreements (Tables)

12 Months Ended

Jun. 30, 2023

Schedule of Net Cash Surrender Value Life Insurance Policies and Deferred Compensation Liability

The net cash surrender value of the related life insurance policies and deferred compensation liability are detailed below:



	June 30, 2023		June 30, 2022
Net cash surrender value of life insurance, related to deferred compensation	$	415	$	407
Deferred compensation liability, included in other liabilities	376		430

Fair Value of Financial Instruments - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 151,926	$ 126,978
U.S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	14,714	18,459
MBS, residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	107,414	47,233
Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	3,388	5,558
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	26,410	55,728
Loans held for sale, at fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	6,947
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Level 1 \| U.S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Level 1 \| MBS, residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Level 1 \| Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Level 1 \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Level 1 \| Loans held for sale, at fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	151,926	126,978
Level 2 \| U.S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	14,714	18,459
Level 2 \| MBS, residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	107,414	47,233
Level 2 \| Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	3,388	5,558
Level 2 \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	26,410	55,728
Level 2 \| Loans held for sale, at fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	6,947
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Level 3 \| U.S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Level 3 \| MBS, residential
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Level 3 \| Municipal bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Level 3 \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	$ 0
Level 3 \| Loans held for sale, at fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 0

Borrowings - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Debt Instrument [Line Items]
Balance	$ 457,263	$ 0
Weighted Average Rate	5.38%	0.00%
FHLB advances
Debt Instrument [Line Items]
Balance	$ 180,000	$ 0
Weighted Average Rate	5.19%	0.00%
FRB advances
Debt Instrument [Line Items]
Balance	$ 257,000	$ 0
Weighted Average Rate	5.25%	0.00%
Revolving lines of credit
Debt Instrument [Line Items]
Balance	$ 20,263	$ 0
Weighted Average Rate	8.75%	0.00%

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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-Publisher FASB
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Property, Plant and Equipment [Abstract]

Loans and Allowance for Credit Losses on Loans - Schedule of Past Due Loans Still Accruing and Nonaccruing Interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	$ 8,315	$ 6,120
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	461
Commercial real estate
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	624	881
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	32
Commercial real estate \| Construction and land development
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	23	67
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	2
Commercial real estate \| Commercial Real Estate Loan, Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	517	706
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	17
Commercial real estate \| Commercial Real Estate Loan, Non-Owner Occupied
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	0	5
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	6
Commercial real estate \| Multifamily
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	84	103
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	7
Commercial loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	4,190	2,221
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	302
Commercial loans \| Commercial and industrial
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	1,222	1,951
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	120
Commercial loans \| Equipment finance
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	2,862	270
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	176
Commercial loans \| Municipal Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	106	0
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Residential real estate loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	3,024	2,634
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	109
Residential real estate loans \| Construction and land development
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	132	137
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	3
Residential real estate loans \| One-to-four family
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	1,935	1,773
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	60
Residential real estate loans \| HELOCs
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	957	724
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	46
Consumer
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual	477	$ 384
Financing Receivable, Excluding Accrued Interest, 90 Days or More Past Due, Still Accruing	0
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	18
Consumer \| Municipal Loans
Accounts, Notes, Loans and Financing Receivable
Financing Receivable, Excluding Accrued Interest, Nonaccrual, No Allowance	0
Interest Income Recognized	$ 6

Loans and Allowance for Credit Losses on Loans - Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	$ 3,658,823	$ 2,769,295
Allowance for credit losses – loans	(47,193)	(34,690)	$ (35,468)	$ (28,072)
Loans, net	$ 3,611,630	$ 2,734,605
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable	Accrued interest receivable
Accrued interest receivable	$ 14,101	$ 7,969
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	1,869,907	1,370,105
Allowance for credit losses – loans	(20,690)	(13,414)	(15,084)	(15,413)
Commercial real estate \| Construction and land development
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	356,674	291,202
Commercial real estate \| Commercial Real Estate Loan, Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	529,721	335,658
Commercial real estate \| Commercial Real Estate Loan, Non-Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	901,685	662,159
Commercial real estate \| Multifamily
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	81,827	81,086
Commercial loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	849,851	717,620
Allowance for credit losses – loans	(15,216)	(12,036)	(9,663)	(5,703)
Commercial loans \| Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	245,428	193,313
Commercial loans \| Equipment finance
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	462,211	394,541
Commercial loans \| Municipal Loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	142,212	129,766
Residential real estate loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	826,970	596,187
Allowance for credit losses – loans	(9,284)	(7,611)	(8,185)	(5,685)
Residential real estate loans \| Construction and land development
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	110,074	81,847
Residential real estate loans \| One-to-four family
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	529,703	354,203
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Loans, net of deferred loan fees and costs	112,095	85,383
Allowance for credit losses – loans	$ (2,003)	$ (1,629)	$ (2,536)	$ (1,271)

Leases - Lessor, Fiscal Year Maturity Schedule (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
2024	$ 5,354
2025	3,246
2026	1,989
2027	465
2028	230
Thereafter	366
Total of future minimum payments	11,650
Financing Leases
2024	23,861
2025	19,779
2026	15,677
2027	10,623
2028	5,294
Thereafter	3,927
Total undiscounted minimum payments	79,161
Less: amount representing interest	(8,556)
Total lease receivable	$ 70,605

Borrowings - Narrative (Details) $ in Thousands	12 Months Ended
Borrowings - Narrative (Details) $ in Thousands	Jun. 30, 2023 USD ($) bank extension	Jun. 30, 2022 USD ($) bank
Debt Instrument [Line Items]
Amount available to borrow in additional FHLB advances	$ 22,673	$ 277,561,000
Number of unaffiliated banks \| bank	3	3
Balance	$ 457,263	$ 0
Revolving lines of credit
Debt Instrument [Line Items]
Balance	20,263	0
Revolving line of credit, maximum borrowing capacity	$ 40,000
Debt instrument, term, number of extension \| extension	2
Revolving lines of credit \| Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
FRB \| Revolving lines of credit
Debt Instrument [Line Items]
Unused line of credit	$ 91,316	68,230
Unaffiliated Banks \| Revolving lines of credit
Debt Instrument [Line Items]
Unused line of credit	$ 144,737	$ 120,000

Equity Incentive Plan - Equity Incentive Plan Restricted Award Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Restricted Stock
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Non-vested at beginning of period (in shares)	102,692	120,795
Granted (in shares)	57,839	42,123
Vested (in shares)	(41,590)	(46,626)
Forfeited (in shares)	(10,090)	(13,600)
Non-vested at end of period (in shares)	108,851	102,692
Weighted- Average Grant Date Fair Value
Non-vested at beginning of period (in dollars per share)	$ 27.40	$ 25.06
Granted (in dollars per share)	27.24	31.18
Vested (in dollars per share)	27.38	25.22
Forfeited (in dollars per share)	27.32	25.27
Non-vested at end of period (in dollars per share)	$ 27.32	$ 27.40
Aggregate Intrinsic Value	$ 3,054	$ 2,345	$ 4,229
Restricted Stock \| Share-Based Payment Arrangement, Nonemployee
Weighted- Average Grant Date Fair Value
Stock, vesting period	1 year
Restricted Stock \| Share-Based Payment Arrangement, Employee
Weighted- Average Grant Date Fair Value
Stock, vesting period	5 years
Performance-Based Restricted Stock Units
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Non-vested at beginning of period (in shares)	33,218	30,780
Granted (in shares)	21,005	9,556
Vested (in shares)	(13,861)	(7,118)
Forfeited (in shares)	(3,032)	0
Non-vested at end of period (in shares)	37,330	33,218
Weighted- Average Grant Date Fair Value
Stock, vesting period	3 years

Goodwill and Core Deposit Intangibles - Amortization expense related to core deposit intangibles (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 3,048
2025	2,060
2026	1,498
2027	1,104
2028	822
Thereafter	2,246
Total	$ 10,778

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative-effect adjustment due to the adoption of ASU 2016-13	Common Stock	Additional Paid In Capital	Retained Earnings	Retained Earnings Cumulative-effect adjustment due to the adoption of ASU 2016-13	Unearned ESOP Shares	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Jun. 30, 2020			17,021,357
Beginning balance at Jun. 30, 2020	$ 408,263	$ (13,358)	$ 170	$ 169,648	$ 242,776	$ (13,358)	$ (6,348)	$ 2,017
Increase (Decrease) in Stockholders' Equity
Net income	15,675				15,675
Cash dividends declared on common stock, $0.39/common share	(5,018)				(5,018)
Common stock repurchased (in shares)			(733,347)
Common stock repurchased	(16,155)		$ (8)	(16,147)
Forfeited restricted stock (in shares)			(6,575)
Retired stock (in shares)			(9,106)
Retired stock	$ (204)			(204)
Granted restricted stock (in shares)	45,260
Exercised stock options (in shares)			318,894
Exercised stock options	$ 4,592		$ 5	4,587
Share-based compensation expense	2,102			2,102
ESOP compensation expense	1,125			596			529
Other comprehensive loss	(503)							(503)
Ending balance, shares (in shares) at Jun. 30, 2021			16,636,483
Ending balance at Jun. 30, 2021	396,519		$ 167	160,582	240,075		(5,819)	1,514
Increase (Decrease) in Stockholders' Equity
Net income	35,653				35,653
Cash dividends declared on common stock, $0.39/common share	(5,452)				(5,452)
Common stock repurchased (in shares)			(1,482,959)
Common stock repurchased	(43,348)		$ (15)	(43,333)
Forfeited restricted stock (in shares)			(13,600)
Retired stock (in shares)			(11,335)
Retired stock	$ (345)			(345)
Granted restricted stock (in shares)	42,123
Stock issued for RSUs (in shares)			7,118
Exercised stock options (in shares)			413,636
Exercised stock options	$ 6,081		$ 4	6,077
Share-based compensation expense	2,152			2,152
ESOP compensation expense	1,502			973			529
Other comprehensive loss	$ (3,917)							(3,917)
Ending balance, shares (in shares) at Jun. 30, 2022	15,591,466		15,591,466
Ending balance at Jun. 30, 2022	$ 388,845		$ 156	126,106	270,276		(5,290)	(2,403)
Increase (Decrease) in Stockholders' Equity
Net income	44,604				44,604
Cash dividends declared on common stock, $0.39/common share	(6,229)				(6,229)
Forfeited restricted stock (in shares)			(10,090)
Retired stock (in shares)			(13,145)
Retired stock	$ (344)			(344)
Granted restricted stock (in shares)	57,839
Stock issued for RSUs (in shares)			13,861
Exercised stock options (in shares)			352,096
Exercised stock options	$ 5,140		$ 4	5,136
Shares issued for merger (in shares)			1,374,646
Shares issued for merger	37,734		$ 14	37,720
Share-based compensation expense	1,854			1,854
ESOP compensation expense	1,279			750			529
Other comprehensive loss	$ (1,697)							(1,697)
Ending balance, shares (in shares) at Jun. 30, 2023	17,366,673		17,366,673
Ending balance at Jun. 30, 2023	$ 471,186		$ 174	$ 171,222	$ 308,651		$ (4,761)	$ (4,100)

Deposits

12 Months Ended

Jun. 30, 2023

Deposits [Abstract]

Deposits

Deposit accounts at the dates indicated consist of the following:


	June 30, 2023		June 30, 2022
Noninterest-bearing accounts	$	825,481	$	745,746
NOW accounts	611,105		654,981
Money market accounts	1,241,840		969,661
Savings accounts	212,220		238,197
Certificates of deposit	710,522		491,176
Total	$	3,601,168	$	3,099,761

As a result of the Company's merger with Quantum on February 12, 2023, $570,602 in deposits were assumed, net of purchase accounting adjustments. Deposits received from executive officers, directors and their associates totaled approximately $5,130 and $1,012 at June 30, 2023 and 2022, respectively.

As of June 30, 2023, scheduled maturities of certificates of deposit are as follows:


2024	$	642,841
2025	51,466
2026	7,702
2027	4,827
2028	3,686
Thereafter	—
Total	$	710,522

Certificates of deposit with balances of $250 or greater totaled $120,666 and $156,558 at June 30, 2023 and 2022, respectively. Generally, deposit amounts in excess of $250 are not federally insured.

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Assets
Cash	$ 19,266	$ 20,910
Interest-bearing deposits	284,231	84,209
Cash and cash equivalents	303,497	105,119
Commercial paper, net	0	194,427
Certificates of deposit in other banks	33,152	23,551
Debt securities available for sale, at fair value (amortized cost of $157,251 and $130,099 at June 30, 2023 and June 30, 2022, respectively)	151,926	126,978
FHLB and FRB stock	20,208	9,326
SBIC investments, at cost	14,927	12,758
Loans held for sale, at fair value	6,947	0
Loans held for sale, at lower of cost or fair value	161,703	79,307
Loans, net of deferred loan fees and costs	3,658,823	2,769,295
Allowance for credit losses – loans	(47,193)	(34,690)
Loans, net	3,611,630	2,734,605
Premises and equipment, net	73,171	69,094
Accrued interest receivable	14,829	8,573
Deferred income taxes, net	10,912	11,487
BOLI	106,572	95,281
Goodwill	34,111	25,638
Core deposit intangibles, net	10,778	93
Other assets	53,124	52,967
Total assets	4,607,487	3,549,204
Liabilities
Deposits	3,601,168	3,099,761
Junior subordinated debt	9,971	0
Borrowings	457,263	0
Other liabilities	67,899	60,598
Total liabilities	4,136,301	3,160,359
Commitments and Contingencies
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, 17,366,673 shares issued and outstanding at June 30, 2023; 15,591,466 at June 30, 2022	174	156
Additional paid in capital	171,222	126,106
Retained earnings	308,651	270,276
Unearned ESOP shares	(4,761)	(5,290)
Accumulated other comprehensive loss	(4,100)	(2,403)
Total stockholders’ equity	471,186	388,845
Total liabilities and stockholders’ equity	$ 4,607,487	$ 3,549,204

Premises and Equipment (Tables)

12 Months Ended

Jun. 30, 2023

Property, Plant and Equipment

Premises and equipment as of the dates indicated consist of the following:



	June 30, 2023		June 30, 2022
Land	$	26,496	$	24,332

Office buildings	75,357		68,385
Furniture, fixtures and equipment	19,899		16,550
Total	121,752		109,267
Less: accumulated depreciation	(48,581)		(40,173)
Premises and equipment, net	$	73,171	$	69,094

Net Income per Share

12 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Net Income per Share

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:


	Year Ended June 30,
	2023		2022		2021
Numerator
Net income	$	44,604	$	35,653	$	15,675
Allocation of earnings to participating securities	(411)		(310)		(145)
Numerator for basic EPS - Net income available to common stockholders	$	44,193	$	35,343	$	15,530
Effect of dilutive securities
Dilutive effect of participating securities	—		—		4
Numerator for diluted EPS	$	44,193	$	35,343	$	15,534
Denominator
Weighted-average common shares outstanding - basic	15,698,618		15,516,173		16,078,066
Dilutive effect of assumed exercise of stock options	82,888		294,236		417,049
Weighted-average common shares outstanding - diluted	15,781,506		15,810,409		16,495,115
Net income per share - basic	$	2.82	$	2.27	$	0.96
Net income per share - diluted	$	2.80	$	2.23	$	0.94

Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were 537,524 and 96,350 stock options that were anti-dilutive as of June 30, 2023 and 2022, respectively.

Loans and Allowance for Credit Losses on Loans

12 Months Ended

Jun. 30, 2023

Loans and Allowance for Credit Losses on Loans

Loans consist of the following at the dates indicated:



	June 30, 2023		June 30, 2022
Commercial real estate loans
Construction and land development	$	356,674	$	291,202
Commercial real estate - owner occupied	529,721		335,658
Commercial real estate - non-owner occupied	901,685		662,159
Multifamily	81,827		81,086
Total commercial real estate loans	1,869,907		1,370,105
Commercial loans
Commercial and industrial	245,428		193,313
Equipment finance	462,211		394,541
Municipal leases	142,212		129,766
Total commercial loans	849,851		717,620
Residential real estate loans
Construction and land development	110,074		81,847
One-to-four family	529,703		354,203
HELOCs	187,193		160,137
Total residential real estate loans	826,970		596,187
Consumer loans	112,095		85,383
Total loans, net of deferred loan fees and costs	3,658,823		2,769,295
Allowance for credit losses – loans	(47,193)		(34,690)
Loans, net	$	3,611,630	$	2,734,605

(1) June 30, 2023 and 2022 accrued interest receivable of $14,101 and $7,969 was accounted for separately from the amortized cost basis.

As a result of HomeTrust's merger with Quantum on February 12, 2023, $561,933 in loans (net of purchase accounting adjustments) were added to the portfolio.

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

Loans are made to the Company's executive officers, directors and their associates during the ordinary course of business. The aggregate amount of loans to related parties totaled approximately $215 and $231 at June 30, 2023 and 2022, respectively. In relation to these loans are unfunded commitments that totaled approximately $264 and $14 at June 30, 2023 and 2022, respectively.

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 loan is not adversely classified because it does not display any of the characteristics for adverse classification.

Special Mention – A special mention loan 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 loans are not adversely classified and do not warrant adverse classification.

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

Doubtful – A loan classified as doubtful has all the weaknesses inherent in a loan 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 – Loans classified as loss are considered uncollectible and of such little value that their continuing to be carried as a loan 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 real estate, commercial, residential real estate, and consumer loans by origination year as of June 30, 2023:


	Term Loans By Origination Fiscal Year
June 30, 2023	2023		2022		2021		2020		2019		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	27,234	$	26,157	$	5,469	$	2,226	$	1,560	$	5,836	$	287,615	$	356,097
Special mention	—		73		—		—		—		—		—		73
Substandard	—		481		—		—		—		23		—		504
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	27,234		26,711		5,469		2,226		1,560		5,859		287,615		356,674
Commercial real estate - owner occupied
Risk rating
Pass	58,671		106,738		91,575		68,054		54,176		115,425		23,984		518,623
Special mention	—		177		909		2,017		361		3,437		—		6,901
Substandard	—		—		76		343		399		3,379		—		4,197
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate - owner occupied	58,671		106,915		92,560		70,414		54,936		122,241		23,984		529,721
Commercial real estate - non-owner occupied
Risk rating
Pass	85,574		156,244		137,659		99,442		68,794		265,099		76,508		889,320
Special mention	—		—		—		—		—		4,047		5,301		9,348
Substandard	—		—		—		—		—		3,017		—		3,017
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate - non-owner occupied	85,574		156,244		137,659		99,442		68,794		272,163		81,809		901,685
Multifamily
Risk rating
Pass	3,850		16,410		21,867		10,172		5,843		22,321		980		81,443
Special mention	—		—		—		—		28		61		—		89
Substandard	—		—		—		—		—		295		—		295
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total multifamily	3,850		16,410		21,867		10,172		5,871		22,677		980		81,827
Total commercial real estate
Risk rating
Pass	$	175,329	$	305,549	$	256,570	$	179,894	$	130,373	$	408,681	$	389,087	$	1,845,483
Special mention	—		250		909		2,017		389		7,545		5,301		16,411
Substandard	—		481		76		343		399		6,714		—		8,013
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	175,329	$	306,280	$	257,555	$	182,254	$	131,161	$	422,940	$	394,388	$	1,869,907


	Term Loans By Origination Fiscal Year
June 30, 2023	2023		2022		2021		2020		2019		Prior		Revolving		Total
Commercial and industrial
Risk rating
Pass	$	57,377	$	72,662	$	18,845	$	13,849	$	6,441	$	21,620	$	47,934	$	238,728
Special mention	—		327		467		179		116		—		—		1,089
Substandard	—		13		28		605		858		43		3,649		5,196
Doubtful	—		9		8		—		134		—		260		411
Loss	—		—		—		—		—		4		—		4
Total commercial and industrial	57,377		73,011		19,348		14,633		7,549		21,667		51,843		245,428
Equipment finance
Risk rating
Pass	200,054		136,226		73,363		36,589		10,178		256		—		456,666
Special mention	805		808		140		441		344		—		—		2,538
Substandard	—		—		227		13		115		—		—		355
Doubtful	342		1,283		825		198		—		—		—		2,648
Loss	—		—		—		—		4		—		—		4
Total equipment finance	201,201		138,317		74,555		37,241		10,641		256		—		462,211
Municipal leases
Risk rating
Pass	31,462		27,910		14,292		8,212		9,838		43,251		7,247		142,212
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	31,462		27,910		14,292		8,212		9,838		43,251		7,247		142,212
Total commercial
Risk rating
Pass	$	288,893	$	236,798	$	106,500	$	58,650	$	26,457	$	65,127	$	55,181	$	837,606
Special mention	805		1,135		607		620		460		—		—		3,627
Substandard	—		13		255		618		973		43		3,649		5,551
Doubtful	342		1,292		833		198		134		—		260		3,059
Loss	—		—		—		—		4		4		—		8
Total commercial	$	290,040	$	239,238	$	108,195	$	60,086	$	28,028	$	65,174	$	59,090	$	849,851


	Term Loans By Origination Fiscal Year
June 30, 2023	2023		2022		2021		2020		2019		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	671	$	850	$	—	$	47	$	—	$	1,270	$	107,096	$	109,934
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		140		—		140
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	671		850		—		47		—		1,410		107,096		110,074
One-to-four family
Risk rating
Pass	78,574		122,091		109,669		51,927		31,491		120,331		10,122		524,205
Special mention	—		—		—		—		—		543		—		543
Substandard	185		125		—		204		55		4,356		—		4,925
Doubtful	—		—		—		—		—		29		—		29
Loss	—		—		—		—		—		1		—		1
Total one-to-four family	78,759		122,216		109,669		52,131		31,546		125,260		10,122		529,703
HELOCs
Risk rating
Pass	8,966		561		120		371		946		7,251		168,311		186,526
Special mention	—		—		—		—		—		—		—		—
Substandard	—		10		—		—		—		494		134		638
Doubtful	—		—		—		—		—		29		—		29
Loss	—		—		—		—		—		—		—		—
Total HELOCs	8,966		571		120		371		946		7,774		168,445		187,193
Total residential real estate
Risk rating
Pass	$	88,211	$	123,502	$	109,789	$	52,345	$	32,437	$	128,852	$	285,529	$	820,665
Special mention	—		—		—		—		—		543		—		543
Substandard	185		135		—		204		55		4,990		134		5,703
Doubtful	—		—		—		—		—		58		—		58
Loss	—		—		—		—		—		1		—		1
Total residential real estate	$	88,396	$	123,637	$	109,789	$	52,549	$	32,492	$	134,444	$	285,663	$	826,970


	Term Loans By Origination Fiscal Year
June 30, 2023	2023		2022		2021		2020		2019		Prior		Revolving		Total
Total consumer
Risk rating
Pass	$	62,861	$	17,913	$	12,627	$	8,954	$	5,172	$	2,847	$	473	$	110,847
Special mention	—		—		—		—		—		—		—		—
Substandard	302		211		242		247		54		154		37		1,247
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		1		—		—		1
Total consumer	$	63,163	$	18,124	$	12,869	$	9,201	$	5,227	$	3,001	$	510	$	112,095

The following table presents the credit risk profile by risk grade for commercial real estate, commercial, residential real estate, and consumer loans by origination year as of June 30, 2022:


	Term Loans By Origination Fiscal Year
June 30, 2022	2022		2021		2020		2019		2018		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	21,988	$	5,686	$	627	$	2,089	$	1,092	$	5,819	$	248,189	$	285,490
Special mention	—		—		—		—		—		97		4,677		4,774
Substandard	871		—		—		—		—		67		—		938
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	22,859		5,686		627		2,089		1,092		5,983		252,866		291,202
Commercial real estate - owner occupied
Risk rating
Pass	55,167		71,429		45,665		43,786		21,720		74,602		16,857		329,226
Special mention	—		—		396		418		—		2,416		—		3,230
Substandard	—		—		—		—		577		2,227		398		3,202
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate - owner occupied	55,167		71,429		46,061		44,204		22,297		79,245		17,255		335,658
Commercial real estate - non-owner occupied
Risk rating
Pass	97,885		122,975		95,268		56,846		81,037		182,664		7,214		643,889
Special mention	—		—		—		—		13,844		4,421		—		18,265
Substandard	—		—		—		—		—		5		—		5
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate - non-owner occupied	97,885		122,975		95,268		56,846		94,881		187,090		7,214		662,159
Multifamily
Risk rating
Pass	10,135		19,985		15,881		8,614		2,796		20,587		2,495		80,493
Special mention	—		—		—		29		—		217		—		246
Substandard	—		—		—		—		—		347		—		347
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total multifamily	10,135		19,985		15,881		8,643		2,796		21,151		2,495		81,086
Total commercial real estate
Risk rating
Pass	$	185,175	$	220,075	$	157,441	$	111,335	$	106,645	$	283,672	$	274,755	$	1,339,098
Special mention	—		—		396		447		13,844		7,151		4,677		26,515
Substandard	871		—		—		—		577		2,646		398		4,492
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial real estate	$	186,046	$	220,075	$	157,837	$	111,782	$	121,066	$	293,469	$	279,830	$	1,370,105


	Term Loans By Origination Fiscal Year
June 30, 2022	2022		2021		2020		2019		2018		Prior		Revolving		Total
Commercial and industrial
Risk rating
Pass	$	70,863	$	21,434	$	11,647	$	9,377	$	6,338	$	20,856	$	43,119	$	183,634
Special mention	—		346		260		364		—		—		1,957		2,927
Substandard	—		770		343		1,152		—		52		4,337		6,654
Doubtful	—		98		—		—		—		—		—		98
Loss	—		—		—		—		—		—		—		—
Total commercial and industrial	70,863		22,648		12,250		10,893		6,338		20,908		49,413		193,313
Equipment finance
Risk rating
Pass	186,139		113,363		64,400		26,467		1,755		—		—		392,124
Special mention	200		331		1,002		547		—		—		—		2,080
Substandard	—		123		18		159		—		—		—		300
Doubtful	32		—		—		5		—		—		—		37
Loss	—		—		—		—		—		—		—		—
Total equipment finance	186,371		113,817		65,420		27,178		1,755		—		—		394,541
Municipal leases
Risk rating
Pass	19,425		24,480		8,962		11,034		13,584		39,529		12,715		129,729
Special mention	—		37		—		—		—		—		—		37
Substandard	—		—		—		—		—		—		—		—
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total municipal leases	19,425		24,517		8,962		11,034		13,584		39,529		12,715		129,766








Total commercial
Risk rating
Pass	$	276,427	$	159,277	$	85,009	$	46,878	$	21,677	$	60,385	$	55,834	$	705,487
Special mention	200		714		1,262		911		—		—		1,957		5,044
Substandard	—		893		361		1,311		—		52		4,337		6,954
Doubtful	32		98		—		5		—		—		—		135
Loss	—		—		—		—		—		—		—		—
Total commercial	$	276,659	$	160,982	$	86,632	$	49,105	$	21,677	$	60,437	$	62,128	$	717,620


	Term Loans By Origination Fiscal Year
June 30, 2022	2022		2021		2020		2019		2018		Prior		Revolving		Total
Construction and land development
Risk rating
Pass	$	864	$	—	$	53	$	—	$	—	$	1,783	$	78,775	$	81,475
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		372		—		372
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total construction and land development	864		—		53		—		—		2,155		78,775		81,847
One-to-four family
Risk rating
Pass	55,415		74,035		47,364		29,075		23,250		113,307		4,077		346,523
Special mention	—		—		—		—		—		835		—		835
Substandard	128		—		1,002		540		430		4,590		—		6,690
Doubtful	—		—		—		—		—		155		—		155
Loss	—		—		—		—		—		—		—		—
Total one-to-four family	55,543		74,035		48,366		29,615		23,680		118,887		4,077		354,203
HELOCs
Risk rating
Pass	1,466		458		282		901		107		7,441		148,526		159,181
Special mention	—		—		—		—		—		—		—		—
Substandard	—		—		—		—		—		879		49		928
Doubtful	—		—		—		—		—		28		—		28
Loss	—		—		—		—		—		—		—		—
Total HELOCs	1,466		458		282		901		107		8,348		148,575		160,137
Total residential real estate
Risk rating
Pass	$	57,745	$	74,493	$	47,699	$	29,976	$	23,357	$	122,531	$	231,378	$	587,179
Special mention	—		—		—		—		—		835		—		835
Substandard	128		—		1,002		540		430		5,841		49		7,990
Doubtful	—		—		—		—		—		183		—		183
Loss	—		—		—		—		—		—		—		—
Total residential real estate	$	57,873	$	74,493	$	48,701	$	30,516	$	23,787	$	129,390	$	231,427	$	596,187


	Term Loans By Origination Fiscal Year
June 30, 2022	2022		2021		2020		2019		2018		Prior		Revolving		Total
Total consumer
Risk rating
Pass	$	25,935	$	20,443	$	15,849	$	11,329	$	8,235	$	2,398	$	277	$	84,466
Special mention	—		—		—		—		—		—		—		—
Substandard	72		169		274		85		182		100		33		915
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		2		—		—		—		2
Total consumer	$	26,007	$	20,612	$	16,123	$	11,416	$	8,417	$	2,498	$	310	$	85,383

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


	Past Due								Total Loans
	30-89 Days		90 Days+		Total		Current
June 30, 2023
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	356,674	$	356,674
Commercial real estate - owner occupied	1,514		76		1,590		528,131		529,721
Commercial real estate - non-owner occupied	—		—		—		901,685		901,685
Multifamily	—		—		—		81,827		81,827
Total commercial real estate	1,514		76		1,590		1,868,317		1,869,907
Commercial
Commercial and industrial	873		403		1,276		244,152		245,428
Equipment finance	826		1,837		2,663		459,548		462,211
Municipal leases	—		—		—		142,212		142,212

Total commercial	1,699		2,240		3,939		845,912		849,851
Residential real estate
Construction and land development	—		132		132		109,942		110,074
One-to-four family	1,698		1,060		2,758		526,945		529,703
HELOCs	379		769		1,148		186,045		187,193
Total residential real estate	2,077		1,961		4,038		822,932		826,970
Consumer	320		288		608		111,487		112,095
Total loans	$	5,610	$	4,565	$	10,175	$	3,648,648	$	3,658,823


	Past Due								Total Loans
	30-89 Days		90 Days+		Total		Current
June 30, 2022
Commercial real estate
Construction and land development	$	—	$	—	$	—	$	291,202	$	291,202
Commercial real estate - owner occupied	—		52		52		335,606		335,658
Commercial real estate - non-owner occupied	—		—		—		662,159		662,159
Multifamily	—		—		—		81,086		81,086
Total commercial real estate	—		52		52		1,370,053		1,370,105
Commercial
Commercial and industrial	255		—		255		193,058		193,313
Equipment finance	186		56		242		394,299		394,541
Municipal leases	—		—		—		129,766		129,766

Total commercial	441		56		497		717,123		717,620
Residential real estate
Construction and land development	115		22		137		81,710		81,847
One-to-four family	910		1,394		2,304		351,899		354,203
HELOCs	283		122		405		159,732		160,137
Total residential real estate	1,308		1,538		2,846		593,341		596,187
Consumer	330		177		507		84,876		85,383
Total loans	$	2,079	$	1,823	$	3,902	$	2,765,393	$	2,769,295

The following table presents recorded investment in loans on nonaccrual status, by segment and class, including restructured loans. It also includes interest income recognized on nonaccrual loans for the year ended June 30, 2023.


	June 30, 2023		June 30, 2022		90 Days + & Still Accruing as of June 30, 2023		Nonaccrual with No ACL as of June 30, 2023		Interest Income Recognized
Commercial real estate
Construction and land development	$	23	$	67	$	—	$	—	$	2
Commercial real estate - owner occupied	517		706		—		—		17
Commercial real estate - non-owner occupied	—		5		—		—		6
Multifamily	84		103		—		—		7
Total commercial real estate	624		881		—		—		32
Commercial
Commercial and industrial	1,222		1,951		—		—		120
Equipment finance	2,862		270		—		—		176
Municipal leases	106		—		—		—		6

Total commercial	4,190		2,221		—		—		302
Residential real estate
Construction and land development	132		137		—		—		3
One-to-four family	1,935		1,773		—		—		60
HELOCs	957		724		—		—		46
Total residential real estate	3,024		2,634		—		—		109
Consumer	477		384		—		—		18
Total loans	$	8,315	$	6,120	$	—	$	—	$	461

TDRs are loans which have renegotiated loan terms to assist borrowers who are unable to meet the original terms of their loans. Such modifications to loan terms may include a lower interest rate, a reduction in principal, or a longer term to maturity. The above table excludes $8,231 and $9,818 of TDRs that were performing under their restructured payment terms as of June 30, 2023 and June 30, 2022, respectively.

The following tables present analyses of the ACL on loans by segment for the period indicated below. In addition to the provision (benefit) for credit losses on loans presented below, provisions (benefits) of $253 and $981 for off-balance sheet credit exposures and $(250) and $(100) for commercial paper were recorded during the fiscal years ended June 30, 2023 and June 30, 2022, respectively. For the year ended June 30, 2023, $4,921 and $369 of the provision for credit losses were recognized to establish ACLs on Quantum's loan portfolio and off-balance-sheet credit exposure, respectively.


	Year Ended June 30, 2023
	Commercial Real Estate		Commercial		Residential Real Estate		Consumer		Total
Balance at beginning of period	$	13,414	$	12,036	$	7,611	$	1,629	$	34,690
Provision for credit losses	6,981		6,397		1,393		618		15,389
Initial ACL on PCD loans	292		72		5		—		369
Charge-offs	—		(3,796)		(192)		(517)		(4,505)
Recoveries	3		507		467		273		1,250
Net recoveries (charge-offs)	3		(3,289)		275		(244)		(3,255)
Balance at end of period	$	20,690	$	15,216	$	9,284	$	2,003	$	47,193


	Year Ended June 30, 2022
	Commercial Real Estate		Commercial		Residential Real Estate		Consumer		Total
Balance at beginning of period	$	15,084	$	9,663	$	8,185	$	2,536	$	35,468

Provision (benefit) for credit losses	(2,273)		3,110		(1,423)		(886)		(1,472)
Charge-offs	(485)		(1,728)		(116)		(183)		(2,512)
Recoveries	1,088		991		965		162		3,206
Net recoveries (charge-offs)	603		(737)		849		(21)		694
Balance at end of period	$	13,414	$	12,036	$	7,611	$	1,629	$	34,690


	Year Ended June 30, 2021
	Commercial Real Estate		Commercial		Residential Real Estate		Consumer		Total
Balance at beginning of period	$	15,413	$	5,703	$	5,685	$	1,271	$	28,072
Impact of adoption ASU 2016-13	833		3,240		8,687		2,049		14,809
Benefit for credit losses	(311)		(446)		(6,308)		(205)		(7,270)
Charge-offs	(1,000)		(977)		(611)		(945)		(3,533)
Recoveries	149		2,143		732		366		3,390
Net recoveries (charge-offs)	(851)		1,166		121		(579)		(143)
Balance at end of period	$	15,084	$	9,663	$	8,185	$	2,536	$	35,468

In estimating ECL, ASC 326 prescribes that if foreclosure is expected, 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 and Extent of Collateral Securing CDAs								Non-CDAs
June 30, 2023	Residential Property		Investment Property		Commercial Property		Business Assets					Total

Commercial real estate
Construction and land development	$	—	$	—	$	—	$	—		$	356,674	$	356,674
Commercial real estate - owner occupied	—		—		1,045		—			528,676		529,721
Commercial real estate - non-owner occupied	—		—		3,018		—			898,667		901,685
Multifamily	—		—		—		—			81,827		81,827
Total commercial real estate	—		—		4,063		—			1,865,844		1,869,907
Commercial
Commercial and industrial	—		—		—		811			244,617		245,428
Equipment finance	—		—		—		342			461,869		462,211
Municipal leases	—		—		—		—			142,212		142,212
Total commercial	—		—		—		1,153			848,698		849,851
Residential real estate
Construction and land development	—		—		—		—			110,074		110,074
One-to-four family	752		—		—		—			528,951		529,703
HELOCs	—		—		—		—			187,193		187,193
Total residential real estate	752		—		—		—			826,218		826,970
Consumer	—		—		—		—			112,095		112,095
Total	$	752	$	—	$	4,063	$	1,153		$	3,652,855	$	3,658,823
Total collateral value	$	1,435	$	—	$	9,202	$	—


	Type and Extent of Collateral Securing CDAs								Non-CDAs
June 30, 2022	Residential Property		Investment Property		Commercial Property		Business Assets					Total

Commercial real estate
Construction and land development	$	—	$	—	$	—	$	—		$	291,202	$	291,202
Commercial real estate - owner occupied	—		—		—		—			335,658		335,658
Commercial real estate - non-owner occupied	—		—		—		—			662,159		662,159
Multifamily	—		—		—		—			81,086		81,086
Total commercial real estate	—		—		—		—			1,370,105		1,370,105
Commercial
Commercial and industrial	—		—		—		2,594			190,719		193,313
Equipment finance	—		—		—		—			394,541		394,541
Municipal leases	—		—		—		—			129,766		129,766
Total commercial	—		—		—		2,594			715,026		717,620
Residential real estate
Construction and land development	—		—		—		—			81,847		81,847
One-to-four family	1,318		—		—		—			352,885		354,203
HELOCs	—		—		—		—			160,137		160,137
Total residential real estate	1,318		—		—		—			594,869		596,187
Consumer	—		—		—		—			85,383		85,383
Total	$	1,318	$	—	$	—	$	2,594		$	2,765,383	$	2,769,295
Total collateral value	$	2,443	$	—	$	—	$	69

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


	Year Ended June 30,
	2023					2022					2021
	# of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment		# of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment		# of Loans	Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment
Below market interest rate





Commercial
Commercial and industrial	5	$	569	$	565	1	$	275	$	260	—	$	—	$	—


Residential real estate

One-to-four family	1	21		17		1	124		120		—	—		—
Consumer	1	10		9		—	—		—		—	—		—

Total below market interest rate	7	600		591		2	399		380		—	—		—








Extended payment terms


Residential real estate

One-to-four family	—	—		—		1	35		34		—	—		—

Consumer	—	—		—		1	50		51		2	28		27
Total extended payment terms	—	—		—		2	85		85		2	28		27

Other TDRs
Commercial real estate



Multifamily	—	—		—		—	—		—		1	4,408		3,421
Commercial
Commercial and industrial	—	—		—		2	840		826		—	—		—


Residential real estate
Construction and land development	—	—		—		—	—		—		1	225		213
One-to-four family	—	—		—		2	93		91		4	269		256
HELOCs	—	—		—		1	18		18		2	53		74
Consumer	4	48		32		6	74		61		14	207		144
Total other TDRs	4	48		32		11	1,025		996		22	5,162		4,108
Total	11	$	648	$	623	15	$	1,509	$	1,461	24	$	5,190	$	4,135

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:


	Year Ended June 30,
	2023			2022			2021
	# of Loans	Recorded Investment		# of Loans	Recorded Investment		# of Loans	Recorded Investment
Below market interest rate
Commercial loans
Commercial and industrial	4	$	224	—	$	—	—	$	—
Total below market interest rate	4	224		—	—		—	—









Other TDRs













Consumer	1	—		1	25		1	30
Total other TDRs	1	—		1	25		1	30
Total	5	$	224	1	$	25	1	$	30

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 the 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 June 30, 2023, the ACL on off-balance sheet credit exposures included in other liabilities was $3,557.

Borrowings - Junior Subordinated Debentures (Details) - USD ($) $ in Thousands		12 Months Ended
	Feb. 21, 2007	Jun. 30, 2023	Feb. 12, 2023
Quantum
Debt Instrument [Line Items]
Business acquisition, percentage of voting interests acquired			100.00%
Junior Subordinated Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 11,341
Junior Subordinated Debt \| LIBOR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.94%
Debt instrument, interest rate, effective percentage		7.49%
Junior Subordinated Debt \| SOFR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.20%
Debt instrument, interest rate, effective percentage		7.47%
Quantum
Debt Instrument [Line Items]
Trust preferred securities	$ 11,000

Loans Held For Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable
Total loans held for sale, at the lower of cost or fair value	$ 161,703	$ 79,307
Loans held for sale, at fair value	6,947	0
Amortized cost of loans held for sale	6,902	0
One-to-four family
Accounts, Notes, Loans and Financing Receivable
Total loans held for sale, at the lower of cost or fair value	0	4,176
SBA
Accounts, Notes, Loans and Financing Receivable
Total loans held for sale, at the lower of cost or fair value	28,804	14,774
HELOCs
Accounts, Notes, Loans and Financing Receivable
Total loans held for sale, at the lower of cost or fair value	$ 132,899	$ 60,357

Merger with Quantum - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands		5 Months Ended	12 Months Ended
	Feb. 12, 2023	Jun. 30, 2023	Jun. 30, 2023
Business Acquisition [Line Items]
Deposits		$ 570,602	$ 570,602
Quantum
Business Acquisition [Line Items]
Cash and cash equivalents	$ 47,769	47,769	47,769
Debt securities available for sale	10,608	10,608	10,608
FHLB and FRB stock	1,125	1,125	1,125
Loans	567,140	561,933	561,933
Premises and equipment	4,415	9,083	9,083
Accrued interest receivable	1,706	1,706	1,706
BOLI	9,066	9,066	9,066
Core deposit intangibles	0	12,210	12,210
Other assets	2,727	3,117	3,117
Total assets acquired	644,556	656,617	656,617
Deposits	570,419	570,602	570,602
Junior subordinated debt	11,341	9,933	9,933
Other borrowings	24,728	24,728	24,728
Deferred income taxes	0	1,591	1,591
Other liabilities	3,334	3,334	3,334
Total liabilities assumed	609,822	610,188	610,188
Net assets acquired		46,429	46,429
Adjustments, existing allowance for loan losses		5,972
Recognition of an ACL on PCD loans	$ 369	369	$ 369
Estimated credit fair value mark on the non-PCD loan portfolio		2,932
Estimated interest rate fair value adjustment on the loan portfolio as a whole		7,878
Quantum \| Fair Value Adjustments
Business Acquisition [Line Items]
Fair Value Adjustments, Loans		(5,207)
Fair Value Adjustments, Premises and equipment		4,668
Fair Value Adjustments, Core deposit intangibles		12,210
Fair Value Adjustments, Other assets		569
Fair Value Adjustments, Total assets acquired		12,240
Fair Value Adjustments, Deposits		183
Fair Value Adjustments, Junior subordinated debt		(1,408)
Fair Value Adjustments, Deferred income taxes		1,341
Fair Value Adjustments, Total liabilities assumed		116
Quantum \| Provisional Period Adjustments
Business Acquisition [Line Items]
Fair Value Adjustments, Other assets		(179)
Fair Value Adjustments, Total assets acquired		(179)
Fair Value Adjustments, Deferred income taxes		250
Fair Value Adjustments, Total liabilities assumed		$ 250

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
ROU asset and lease liabilities for operating lease accounting	$ 5,179	$ 1,186	$ 2,586
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,245	1,438
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	$ 89	$ 134

Regulatory Capital Matters - Narrative (Details)	Jun. 30, 2023
Banking And Thrift, Regulatory Capital Requirements [Abstract]
Common Equity Tier I Capital, Capital Conservation Buffer to Risk-weighted Assets (as a percent)	2.50%

Loans and Allowance for Credit Losses on Loans - Schedule of Troubled Debt Restructurings With Payment Default (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($) loan	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan
Financing Receivable, Modifications
Number of loans \| loan	5,000	1,000	1,000
Recorded investment \| $	$ 224	$ 25	$ 30
Below market interest rate
Financing Receivable, Modifications
Number of loans \| loan	4,000	0	0
Recorded investment \| $	$ 224	$ 0	$ 0
Other TDRs
Financing Receivable, Modifications
Number of loans \| loan	1,000	1,000	1,000
Recorded investment \| $	$ 0	$ 25	$ 30
Commercial loans \| Below market interest rate \| Commercial and industrial
Financing Receivable, Modifications
Number of loans \| loan	4,000	0	0
Recorded investment \| $	$ 224	$ 0	$ 0
Consumer \| Other TDRs
Financing Receivable, Modifications
Number of loans \| loan	1,000	1,000	1,000
Recorded investment \| $	$ 0	$ 25	$ 30

Fair Value of Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

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

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


	June 30, 2023
	Total		Level 1		Level 2		Level 3
Debt securities available for sale
U.S government agencies	$	14,714	$	—	$	14,714	$	—
MBS, residential	107,414		—		107,414		—
Municipal bonds	3,388		—		3,388		—
Corporate bonds	26,410		—		26,410		—
Total debt securities available for sale	$	151,926	$	—	$	151,926	$	—

Loans held for sale	$	6,947	$	—	$	6,947	$	—


	June 30, 2022
	Total		Level 1		Level 2		Level 3
Debt securities available for sale
U.S government agencies	$	18,459	$	—	$	18,459	$	—
MBS, residential	47,233		—		47,233		—
Municipal bonds	5,558		—		5,558		—
Corporate bonds	55,728		—		55,728		—
Total debt securities available for sale	$	126,978	$	—	$	126,978	$	—

Fair Value Measurements, Nonrecurring

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


	June 30, 2023
	Total		Level 1		Level 2		Level 3
Collateral dependent loans
Commercial real estate loans

Commercial real estate - owner occupied	$	364	$	—	$	—	$	364


Commercial loans
Commercial and industrial	167		—		—		167








Total	$	531	$	—	$	—	$	531


	June 30, 2022
	Total		Level 1		Level 2		Level 3
Collateral dependent loans





Commercial loans
Commercial and industrial	$	415	$	—	$	—	$	415

Fair Value, by Balance Sheet Grouping

The stated carrying value and estimated fair value amounts of financial instruments as of June 30, 2023 and June 30, 2022, are summarized below:


	June 30, 2023
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents	$	303,497	$	303,497	$	303,497	$	—	$	—

Certificates of deposit in other banks	33,152		33,152		—		33,152		—
Debt securities available for sale, at fair value	151,926		151,926		—		151,926		—
FHLB and FRB stock	20,208		N/A		N/A		N/A		N/A
SBIC investments, at cost	14,927		14,927		—		—		14,927
Loans held for sale, at fair value	6,947		6,947		6,947		—		—
Loans held for sale, at the lower of cost or fair value	161,703		163,874		—		—		163,874
Loans, net	3,611,630		3,455,390		—		—		3,455,390
Accrued interest receivable	14,829		14,829		99		410		14,320
Liabilities
Noninterest-bearing and NOW deposits	1,436,586		1,436,586		—		1,436,586		—
Money market accounts	1,241,840		1,241,840		—		1,241,840		—
Savings accounts	212,220		212,220		—		212,220		—
Certificates of deposit	710,522		701,965		—		701,965		—
Junior subordinated debt	9,971		9,746		—		9,746		—
Borrowings	457,263		457,213		—		457,213		—
Accrued interest payable	3,537		3,537		—		3,537		—


	June 30, 2022
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents	$	105,119	$	105,119	$	105,119	$	—	$	—
Commercial paper, net	194,427		194,427		194,427		—		—
Certificates of deposit in other banks	23,551		23,551		—		23,551		—
Debt securities available for sale, at fair value	126,978		126,978		—		126,978		—
FHLB and FRB stock	9,326		N/A		N/A		N/A		N/A
SBIC investments, at cost	12,758		12,758		—		—		12,758
Loans held for sale	79,307		80,489		—		—		80,489
Loans, net	2,734,605		2,687,293		—		—		2,687,293
Accrued interest receivable	8,573		8,573		24		580		7,969
Liabilities
Noninterest-bearing and NOW deposits	1,400,727		1,400,727		—		1,400,727		—
Money market accounts	969,661		969,661		—		969,661		—
Savings accounts	238,197		238,197		—		238,197		—
Certificates of deposit	491,176		485,452		—		485,452		—

Accrued interest payable	80		80		—		80		—

Premises and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Land	$ 26,496	$ 24,332
Office buildings	75,357	68,385
Furniture, fixtures and equipment	19,899	16,550
Total	121,752	109,267
Less: accumulated depreciation	(48,581)	(40,173)
Premises and equipment, net	73,171	69,094
Depreciation and amortization of premises and equipment and equipment for operating leases	$ 4,152	$ 3,986	$ 3,634

Deferred Compensation Agreements

12 Months Ended

Jun. 30, 2023

Deferred Compensation Agreements

The Company’s Director Emeritus Plans (“Plans”) provide certain benefits to Emeritus Directors for providing current advisory services to the Company. The Plans are unfunded and are not qualified under the IRC. Plan benefits vary by participant and are payable to a designated beneficiary in the event of death. The Company records an expense based on the present value of expected future benefits. Plan expenses for the years ended June 30, 2023, 2022, and 2021 were $305, $313, and $392, respectively. Total accrued expenses related to these plans included in other liabilities were $6,881 and $7,224 as of June 30, 2023 and 2022, respectively.

The Company has deferred compensation agreements with certain members of the Company’s Board of Directors. The future payments related to these agreements are to be funded with life insurance contracts which are payable to the Company at the time of the director’s death. For the years ended June 30, 2023, 2022, and 2021 deferred compensation expense was $5, $7, and $18, respectively.

The net cash surrender value of the related life insurance policies and deferred compensation liability are detailed below:



	June 30, 2023		June 30, 2022
Net cash surrender value of life insurance, related to deferred compensation	$	415	$	407
Deferred compensation liability, included in other liabilities	376		430

Long term deferred compensation and supplemental retirement plans are provided to certain key current and former officers. These plans are unfunded and are not qualified under the IRC. The benefits will vary by participant and are payable to a designated beneficiary in the event of death. Plan expenses for the years ended June 30, 2023, 2022, and 2021 were $581, $616, and $653, respectively. Total accrued expenses related to these plans included in other liabilities were $16,749 and $17,048 as of June 30, 2023 and 2022, respectively.

In addition, the Company has a deferred compensation plan provided to certain former officers and directors. The plan allows the participants to defer any of their annual compensation, including bonus payments, up to the maximum allowed for each participant. The plan is unfunded and is not qualified under the IRC. Plan expenses for the years ended June 30, 2023, 2022, and 2021 were $208, $150, and $164, respectively. The total deferred compensation plan payable included in other liabilities was $4,299 and $4,435 as of June 30, 2023 and 2022, respectively.

Deposits - Schedule of Maturities of Certificates of Deposit (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Deposits [Abstract]
2024	$ 642,841
2025	51,466
2026	7,702
2027	4,827
2028	3,686
Thereafter	0
Total	$ 710,522

Audit Information	12 Months Ended
Audit Information	Jun. 30, 2023
Audit Information [Abstract]
Auditor Name	FORVIS, LLP
Auditor Firm ID	686
Auditor Location	Springfield, Missouri

Fair Value of Financial Instruments - Schedule of Fair Value Measurements, Nonrecurring (Details) - Nonrecurring Measurements - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 531
Commercial real estate \| Commercial Real Estate Loan, Owner Occupied
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	364
Commercial loans \| Commercial and industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	167	$ 415
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0
Level 1 \| Commercial real estate \| Commercial Real Estate Loan, Owner Occupied
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0
Level 1 \| Commercial loans \| Commercial and industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0
Level 2 \| Commercial real estate \| Commercial Real Estate Loan, Owner Occupied
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0
Level 2 \| Commercial loans \| Commercial and industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	531
Level 3 \| Commercial real estate \| Commercial Real Estate Loan, Owner Occupied
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	364
Level 3 \| Commercial loans \| Commercial and industrial
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 167	$ 415

Net Income per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net income	$ 44,604	$ 35,653	$ 15,675
Allocation of earnings to participating securities	(411)	(310)	(145)
Numerator for basic EPS - Net income available to common stockholders	44,193	35,343	15,530
Effect of dilutive securities
Dilutive effect of participating securities	0	0	4
Numerator for diluted EPS	$ 44,193	$ 35,343	$ 15,534
Denominator
Weighted-average common shares outstanding - basic (in shares)	15,698,618	15,516,173	16,078,066
Effect of dilutive shares (in shares)	82,888	294,236	417,049
Weighted-average common shares outstanding - diluted (in shares)	15,781,506	15,810,409	16,495,115
Net income per share - basic (in dollars per share)	$ 2.82	$ 2.27	$ 0.96
Net income per share - diluted (in dollars per share)	$ 2.80	$ 2.23	$ 0.94

Net Income per Share (Tables)

12 Months Ended

Jun. 30, 2023

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:


	Year Ended June 30,
	2023		2022		2021
Numerator
Net income	$	44,604	$	35,653	$	15,675
Allocation of earnings to participating securities	(411)		(310)		(145)
Numerator for basic EPS - Net income available to common stockholders	$	44,193	$	35,343	$	15,530
Effect of dilutive securities
Dilutive effect of participating securities	—		—		4
Numerator for diluted EPS	$	44,193	$	35,343	$	15,534
Denominator
Weighted-average common shares outstanding - basic	15,698,618		15,516,173		16,078,066
Dilutive effect of assumed exercise of stock options	82,888		294,236		417,049
Weighted-average common shares outstanding - diluted	15,781,506		15,810,409		16,495,115
Net income per share - basic	$	2.82	$	2.27	$	0.96
Net income per share - diluted	$	2.80	$	2.23	$	0.94

Leases (Tables)

12 Months Ended

Jun. 30, 2023

Leases [Abstract]

Assets and Liabilities, Lessee

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


	June 30, 2023			June 30, 2022
Supplemental balance sheet information
ROU assets	$	9,674		$	5,846

Lease liabilities	$	10,790		$	6,641

Weighted-average remaining lease terms (years)	9.2			10.8
Weighted-average discount rate	3.32		%	2.90		%

Lessee, Operating Lease, Liability, Maturity

The following schedule summarizes aggregate future minimum lease payments under these operating leases at June 30, 2023:


Fiscal year ending June 30
2024	$	1,720
2025	1,652
2026	1,538
2027	1,565
2028	1,590
Thereafter	4,662
Total undiscounted minimum lease payments	12,727
Less: amount representing interest	(1,937)
Total lease liability	$	10,790

Lease, Cost

The following table presents components of operating lease expense as of the dates indicated:


	Year Ended June 30,
	2023		2022
Operating lease cost (included in occupancy expense, net)	$	1,515	$	1,559
Variable lease cost (included in occupancy expense, net)	228		9
Sublease income (included in other noninterest income)	(169)		(189)
Total operating lease expense, net	$	1,574	$	1,379

Supplemental lease cash flow information as of the dates indicated:


	Year Ended June 30,
	2023		2022
ROU assets - noncash additions (operating leases)	$	5,179	$	1,186

Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,245		1,438
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	89		134

Schedule of Total Equipment Finance Operating Lease Income and Depreciation Expense

The following table presents total equipment finance operating lease income and depreciation expense as of the dates indicated:


	Year Ended June 30,
	2023		2022
Operating lease income	$	5,471	$	6,392
Depreciation expense	4,873		5,362

Lessor, Operating Lease, Payments to be Received, Maturity

The following schedule summarizes aggregate future minimum lease payments to be received at June 30, 2023:


Fiscal year ending June 30
2024	$	5,354
2025	3,246
2026	1,989
2027	465
2028	230
Thereafter	366
Total of future minimum payments	$	11,650

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

The following schedule summarizes, as of June 30, 2023, aggregate future minimum finance lease payments to be received:


Fiscal year ending June 30
2024	$	23,861
2025	19,779
2026	15,677
2027	10,623
2028	5,294
Thereafter	3,927
Total undiscounted minimum payments	79,161
Less: amount representing interest	(8,556)
Total lease receivable	$	70,605

Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Common Stock, dividends, per share, cash paid (in dollars per share)	$ 0.39	$ 0.35	$ 0.31

Deferred Compensation Agreements - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Retirement Benefits [Abstract]
Director emeritus plans expenses	$ 305	$ 313	$ 392
Director Emeritus Plans accrued expenses included in other liabilities	6,881	7,224
Expense for Board of Director plans	5	7	18
Expense for Officer Plans	581	616	653
Expense included in other liabilities for officer plans	16,749	17,048
Deferred compensation plan for officers and directors expense	208	150	$ 164
Deferred compensation plan for officers and directors expense included in other liabilities	$ 4,299	$ 4,435

Parent Company Only Condensed Financial Information - Condensed Income Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income
Interest income	$ 187,126	$ 116,114	$ 118,733
Expense
Junior subordinated debt	327	0	0
Borrowings	3,860	80	6,041
Income tax expense	12,560	9,725	3,421
Net income	44,604	35,653	15,675
Parent Company
Income
Interest income	137	149	158
Equity in undistributed bank subsidiary income	45,867	36,281	16,246
Total income	46,004	36,430	16,404
Expense
Junior subordinated debt	327	0	0
Borrowings	663	0	0
Management fee expense	528	516	474
Other	270	261	255
Total expense	1,788	777	729
Income before income taxes	44,216	35,653	15,675
Income tax expense	(388)	0	0
Net income	$ 44,604	$ 35,653	$ 15,675

Leases - Supplement Balance Sheet (Details) $ in Thousands	12 Months Ended
Leases - Supplement Balance Sheet (Details) $ in Thousands	Jun. 30, 2023 USD ($) option	Jun. 30, 2022 USD ($)
Leases [Abstract]
Number of options to renew (minimum) \| option	1
Renewal term (in years)	15 years
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
ROU assets	$ 9,674	$ 5,846
Lease liabilities	$ 10,790	$ 6,641
Weighted-average remaining lease terms (years)	9 years 2 months 12 days	10 years 9 months 18 days
Weighted-average discount rate	3.32%	2.90%

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 44,604	$ 35,653	$ 15,675
Unrealized holding losses on debt securities available for sale
Losses arising during the period	(2,204)	(5,087)	(653)
Deferred income tax benefit	507	1,170	150
Total other comprehensive loss	(1,697)	(3,917)	(503)
Comprehensive income	$ 42,907	$ 31,736	$ 15,172

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).

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Property, Plant and Equipment [Abstract]

Equity Incentive Plan Equity Incentive Plan - Share Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-Based Payment Arrangement [Abstract]
Share-based compensation expense	$ 1,854	$ 2,152	$ 2,102
Tax benefit	$ 436	$ 508	$ 494

Premises and Equipment

12 Months Ended

Jun. 30, 2023

Premises and Equipment

Premises and equipment as of the dates indicated consist of the following:



	June 30, 2023		June 30, 2022
Land	$	26,496	$	24,332

Office buildings	75,357		68,385
Furniture, fixtures and equipment	19,899		16,550
Total	121,752		109,267
Less: accumulated depreciation	(48,581)		(40,173)
Premises and equipment, net	$	73,171	$	69,094

Depreciation expense associated with premises and equipment was $4,152, $3,986, and $3,634 for the years ended June 30, 2023, 2022, and 2021, respectively.

Deposits - Schedule of Deposit Accounts (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Deposits [Abstract]
Noninterest-bearing accounts	$ 825,481	$ 745,746
NOW accounts	611,105	654,981
Money market accounts	1,241,840	969,661
Savings accounts	212,220	238,197
Certificates of deposit	710,522	491,176
Deposits	3,601,168	3,099,761
Deposits acquired	570,602
Deposits received from executive officers and directors and their associates	$ 5,130	$ 1,012

Income Taxes

12 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Income tax expense as of the dates indicated consisted of:


	Year Ended June 30,
	2023		2022		2021
Current
Federal	$	11,119	$	2,411	$	(340)
State	1,874		730		188
Total current expense (benefit)	12,993		3,141		(152)
Deferred
Federal	(377)		5,992		3,374
State	(56)		592		199

Total deferred expense (benefit)	(433)		6,584		3,573

Total income tax expense	$	12,560	$	9,725	$	3,421

The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to income before income taxes as a result of the following differences for the periods indicated:


	Year Ended June 30,
	2023				2022				2021
	Amount		Rate		Amount		Rate		Amount		Rate
Tax at federal income tax rate	$	12,004	21	%	$	9,529	21	%	$	4,010	21	%
Increase (decrease) resulting from
Tax exempt income	(830)		(1)		(844)		(2)		(911)		(5)

State tax, net of federal benefit	1,417		2		818		2		306		2


Other	(31)		—		222		—		16		—
Total	$	12,560	22	%	$	9,725	21	%	$	3,421	18	%

The sources and tax effects of temporary differences that give rise to significant portions of the deferred tax assets (liabilities) at June 30, 2023 and 2022 are presented below:



	June 30, 2023		June 30, 2022
Deferred tax assets

Allowance for credit losses	$	11,822	$	8,796
Deferred compensation and post-retirement benefits	8,214		8,407

Impairments on real estate owned	26		61

Net operating loss carryforward	2,806		3,353
Discount from business combinations	974		1,228
Unrealized loss on debt securities held for sale	1,225		718
Share-based compensation expense	1,514		1,860
Operating lease liability	2,513		1,525
Other	1,463		1,127
Total deferred tax assets	30,557		27,075


Deferred tax liabilities
Depreciable basis of fixed assets	(9,992)		(7,874)
Deferred loan costs	(668)		(774)
FHLB stock, book basis in excess of tax	(90)		(89)

BOLI available for redemption	(5,163)		(4,679)
Operating lease ROU asset	(2,253)		(1,343)
Other	(1,479)		(829)
Total deferred tax liabilities	(19,645)		(15,588)
Net deferred tax assets	$	10,912	$	11,487

The Company had federal NOL carry forwards of $13,207 and $15,967 as of June 30, 2023 and June 30, 2022, respectively, with a recorded tax benefit of $2,806 and $3,353 included in deferred tax assets. The majority of these NOLs will expire for federal tax purposes from 2031 through 2036, if not previously used.

Retained earnings at June 30, 2023 and 2022 include $19,570 representing pre-1988 tax bad debt reserve base year amounts for which no deferred tax liability has been provided since these reserves are not expected to reverse and may never reverse. Circumstances that would require an accrual of a portion or all of this unrecorded tax liability are a failure to meet the definition of a bank, dividend payments in excess of current year or accumulated earnings and profits, or other distributions in dissolution or liquidation of the Bank. The Company is no longer subject to examination for federal and state purposes for tax years prior to 2019.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Debt Securities - Schedule of Available-for-sale Securities Reconciliation (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, amortized cost	$ 157,251	$ 130,099
Gross Unrealized Gains	0	40
Gross Unrealized Losses	(5,325)	(3,161)
Estimated Fair Value	151,926	126,978
U.S. government agencies
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, amortized cost	15,000	18,993
Gross Unrealized Gains	0	5
Gross Unrealized Losses	(286)	(539)
Estimated Fair Value	14,714	18,459
MBS, residential
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, amortized cost	110,865	48,377
Gross Unrealized Gains	0	3
Gross Unrealized Losses	(3,451)	(1,147)
Estimated Fair Value	107,414	47,233
Municipal bonds
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, amortized cost	3,505	5,545
Gross Unrealized Gains	0	31
Gross Unrealized Losses	(117)	(18)
Estimated Fair Value	3,388	5,558
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, amortized cost	27,881	57,184
Gross Unrealized Gains	0	1
Gross Unrealized Losses	(1,471)	(1,457)
Estimated Fair Value	$ 26,410	$ 55,728

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Condensed Financial Information Disclosure [Abstract]

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Nature of Operations 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 its consolidated subsidiary, unless the context otherwise requires. HomeTrust is a bank holding company primarily engaged in the business of planning, directing, and coordinating the business activities of the Bank. The Bank is a North Carolina state chartered bank and provides a wide range of retail and commercial banking products within its geographic footprint, which includes: North Carolina (the Asheville metropolitan area, the "Piedmont" region, Charlotte, and Raleigh/Cary), Upstate South Carolina (Greenville), East Tennessee (Kingsport/Johnson City, Knoxville, and Morristown), Southwest Virginia (the Roanoke Valley), and Georgia (Greater Atlanta). The Bank operates under a single set of corporate policies and procedures and is recognized as a single banking segment for financial reporting purposes. As a result of its merger with Quantum on February 12, 2023, HomeTrust became the 100% successor owner of the Quantum Capital Statutory Trust II Delaware trust. The sole assets of the trust represent the proceeds of offerings loaned in exchange for subordinated debentures with similar terms to the trust preferred securities. Principles of Consolidation and Subsidiary Activities The accompanying consolidated financial statements include the accounts of HomeTrust, the Bank, and its wholly-owned subsidiary, WNCSC, at or for the years ended June 30, 2023, 2022, and 2021. WNCSC owns office buildings in Asheville, North Carolina that are leased to the Bank. All intercompany items have been eliminated. Reclassifications 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. Subsequent Events The Company has evaluated subsequent events for recognition and disclosure through September 11, 2023, which is the date the financial statements were available to be issued. Use of Estimates in Financial Statements The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash Flows Cash and cash equivalents include cash and interest-bearing deposits with initial terms to maturity of 90 days or less. Net cash flows are reported for customer loan and deposit transactions, FHLB and FRB stock, SBIC investments at cost, revolving lines of credit, and short-term borrowings. Commercial Paper Commercial paper includes highly liquid short-term debt of investment graded corporations with maturities less than one year. These instruments are typically purchased at a discount based on prevailing interest rates and do not exceed $15,000 per issuer. Debt Securities Debt securities available for sale are carried at fair value. These securities are used to execute asset/liability management strategies, manage liquidity, and leverage capital, and therefore may be sold prior to maturity. Adjustments for unrealized gains or losses, net of the income tax effect, are made to accumulated other comprehensive income (loss), a separate component of total stockholders’ equity. Securities held to maturity are stated at cost, net of unamortized balances of premiums and discounts. When these securities are purchased, the Company intends to and has the ability to hold such securities until maturity. Premiums and discounts are amortized or accreted over the life of the security as an adjustment to yield. Dividend and interest income are recognized when earned. Gains or losses on the sale of securities are recognized on the trade date using the specific identification method. ACL – Available for Sale Securities For available for sale debt securities in an unrealized loss position, the Company evaluates the securities to determine whether the decline in the fair value below the amortized cost basis (impairment) is due to credit-related factors or noncredit-related factors. Any impairment that is not credit related is recognized in other comprehensive income, net of applicable taxes. Credit-related impairment is recognized as an ACL on the balance sheet, limited to the amount by which the amortized cost basis exceeds the fair value, with a corresponding adjustment to earnings. Both the ACL and the adjustment to net income may be reversed if conditions change. However, if the Company intends to sell an impaired available for sale debt security, or more likely than not will be required to sell such a security before recovering its amortized cost basis, the entire impairment amount must be recognized in earnings with a corresponding adjustment to the security’s amortized cost basis. Because the security’s amortized cost basis is adjusted to fair value, there is no ACL in such a situation. In evaluating available for sale debt securities in unrealized loss positions for impairment and the criteria regarding its intent or requirement to sell such securities, the Company considers the extent to which fair value is less than amortized cost, whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuers’ financial condition, among other factors. Changes in the ACL are recorded as a provision for (or reversal of) credit loss expense. Losses are charged against the ACL when management believes the uncollectability of an available for sale debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable is excluded from the estimate of credit losses. ACL – Held to Maturity Securities The ACL on held to maturity securities is estimated on a collective basis by major security type. ECLs are estimated using a DCF methodology which considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. Accrued interest receivable is excluded from the estimate of credit losses. FHLB and FRB Stock 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. Both cash and stock dividends are reported as income. SBIC Investments, At Cost SBIC investments are equity interests in limited partnerships which are investments the Company has classified as VIEs, legal entities that either do not have sufficient equity to finance their activities without the support from other parties or whose equity investors lack a controlling financial interest. A controlling financial interest is defined as a group that has the power to direct the activities that most significantly impact the VIEs' economic performance, the obligation to absorb the expected losses, or the right to receive the expected residual returns. As the Company is not the primary beneficiary, nor does it hold a controlling interest in the VIEs, these investments have not been consolidated. The SBIC investments do not have readily determinable fair values and are recorded under the equity method of accounting at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment. Adjustments to the cost basis occur as a result of capital contributions, distributions, the Company's share of earnings, or changes in the value of the Company's equity position. The Company's share of earnings is included in interest and dividend income with a one-quarter lag period. Loans Held for Sale Residential mortgages originated and intended for sale in the secondary market through mandatory delivery contracts are recorded at fair value (fair value option elected). Fair value includes the servicing value of the loans as well as any accrued interest, with changes in value recorded through the gain on sale of loans held for sale. Conversely, residential mortgages originated and intended for sale in the secondary market on a best efforts basis are sold with servicing released and carried at the lower of cost or fair value as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. The Company originates loans guaranteed by the SBA for the purchase of businesses, business startups, business expansion, equipment, and working capital. All SBA loans are underwritten and documented as prescribed by the SBA. SBA loans are generally fully amortizing and have maturity dates and amortizations of up to 25 years. SBA loans are classified as held for sale and are carried at the lower of cost or fair value. The guaranteed portion of the loan is sold and the servicing rights are retained. A gain is recorded for any premium received in excess of the carrying value of the net assets transferred in the sale and is included in the gain on sale of loans held for sale. The portion of SBA loans that are retained are adjusted to fair value and reclassified to total loans, net of deferred costs (loans held for investment). The net value of the retained loans is included in the appropriate loan classification for disclosure purposes. HELOCs held for sale are originated through a third party in various states outside the Company's geographic footprint, but are underwritten to the Company's underwriting guidelines. The loans are generally held for sale by the Company over a 90 to 180 day period and are serviced by the third party. The loans are marketed by the third party to investors in pools and once sold the Company recognizes a gain or loss on the sale which is recorded through the gain on sale of loans held for sale. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are carried at their outstanding principal amount, less unearned income and deferred nonrefundable loan fees, net of certain origination costs. The Company has made a policy election to exclude accrued interest from the amortized cost basis of loans and report accrued interest separately from the related loan balance on the consolidated balance sheets. Interest income is recorded as earned on an accrual basis based on the contractual rate and the outstanding balance, except for nonaccruing loans where interest is recorded as earned on a cash basis. Net deferred loan origination fees/costs are deferred and amortized to interest income over the life of the related loan. The Company’s policies related to when loans are placed on nonaccruing status conform to guidelines prescribed by bank regulatory authorities. Generally, the Company suspends the accrual of interest on loans (i) that are maintained on a cash basis because of the deterioration of the financial condition of the borrower, (ii) for which payment in full of principal or interest is not expected (impaired loans), or (iii) on which principal or interest has been in default for a period of 90 days or more, unless the loan is both well secured and in the process of collection. Under the Company’s cost recovery method, interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accruing status when all principal and interest amounts contractually due are brought current and concern no longer exists as to the future collectability of principal and interest, which is generally confirmed when the loan demonstrates performance for six consecutive months or payment cycles. ACL – Loans and Leases The Company adopted the CECL model under ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” on July 1, 2020 using the modified retrospective approach. Results for the periods beginning after July 1, 2020 are presented under ASU 2016-13 while prior period amounts are reported in accordance with the incurred loss model previously applicable US GAAP. The ACL reflects management’s estimate of losses that will result from the inability of its borrowers to make required loan payments. ECLs are reflected in the ACL through a provision for credit losses. Management records loans charged off against the ACL and subsequent recoveries, if any, increase the ACL when they are recognized. Management uses a systematic methodology to determine its ACL for loans held for investment and certain off-balance sheet credit exposures. The ACL is a valuation account that is deducted from the amortized costs basis to present the net amount expected to be collected on the loan portfolio. Management considers the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the loan portfolio. The Company has identified the following loan pools with similar risk characteristics for measuring ECLs: Commercial real estate – This category of loans consists of the following loan types: Construction and land development – These loans finance the ground up construction, improvement, carrying for sale, and loans secured by raw or improved land. The repayment of construction loans is generally dependent upon the successful completion of the improvements by the builder for the end user, or sale of the property to a third-party. Commercial real estate – owner and non-owner occupied – These loans include real estate loans for a variety of commercial property types and purposes, including those secured by commercial office or industrial buildings, warehouses, retail buildings, and various special purpose properties. Multifamily – These are investment real estate loans, primarily secured by non-owner occupied apartment or multifamily residential buildings. Generally, these types of loans are thought to involve a greater degree of credit risk than owner occupied commercial real estate as they are more sensitive to adverse economic conditions. Commercial – This category of loans consists of the following loan types: Commercial and industrial – These loans are for commercial, corporate, and business purposes across a variety of industries. These loans include general commercial and industrial loans, loans to purchase capital equipment, and other business loans for working capital and operational purposes. These loans are generally secured by accounts receivable, inventory, and other business assets. Equipment finance – These loans are primarily made up of commercial finance agreements and commercial leases provided by our Equipment Finance line of business, primarily for transportation, construction, healthcare, and manufacturing equipment. These loans have average terms of five years or less and are secured by the financed equipment. Municipal leases – These loans are primarily made to fire departments and depend on the tax revenues received from the applicable county or municipality. These leases are mainly secured by vehicles, fire stations, land, or equipment. Residential real estate – This category of loans consists of the following loan types: Construction and land development – These loans are to individuals and are typically secured by a one-to-four family residential property under construction or undeveloped or partially developed land in anticipation of the construction of a personal residence. One-to-four family – These loans are to individuals and are typically secured by one-to-four family residential property. HELOCs – These loans include both loans originated by the Company and those purchased from a third party and are often secured by second liens on residential real estate. Consumer – Consumer loans include loans secured by deposit accounts or personal property such as automobiles, boats, and motorcycles, as well as unsecured consumer debt. For collectively evaluated loans, the Company uses a DCF method for each loan in a pool, and the results are aggregated at the pool level. A periodic tendency to default and absolute loss given default are applied to a projective model of the pool’s cash flows while considering prepayment and principal curtailment effects. The analysis produces expected cash flows for each instrument in the pool by pairing loan-level term information (maturity date, payment amount, interest rate, etc.) with top-down pool assumptions (default rates and prepayment speeds). Management has determined that peer loss experience provides the best basis for its assessment of ECLs to determine the ACL. The Company utilized peer call report data to measure historical credit loss experience with similar risk characteristics within the segments over an economic cycle. Management reviewed the historical loss information to appropriately adjust for differences in current asset specific risk characteristics. Management also considered further adjustments to historical loss information for current conditions and reasonable and supportable forecasts that differ from the conditions that existed for the period over which historical information was evaluated. For collectively evaluated loans, the Company has incorporated a combination of three macroeconomic drivers using a statistical regression modeling methodology: the national unemployment rate, one-year change in the national home price index, and one-year change in national real gross domestic product. The macroeconomic drivers utilized vary by loan segment, although the national unemployment rate is incorporated for the majority of the segments. Due to the low loss rates of municipal leases and the expectation of them remaining low, management has elected to separately pool these loans. Management has elected to use readily available municipal default rates and loss given defaults in order to calculate ECLs. Management considers forward-looking information in estimating ECLs. The Company uses the Fannie Mae quarterly economic forecast which is a baseline outlook for the United States economy. For the contractual term that extends beyond the reasonable and supportable forecast period, the Company reverts to historical loss information within four quarters using a straight-line approach. Management may apply different reversion techniques depending on the economic environment for the financial asset portfolio and as of the current period has utilized a linear reversion technique. Included in its systematic methodology to determine its ACL for loans held for investment and certain off-balance sheet credit exposures, management considers the need to qualitatively adjust ECLs for risks not already captured in the loss estimation process. These qualitative adjustments can either increase or decrease the quantitative model estimation (i.e. formulaic model results). Each period the Company considers qualitative factors that are relevant within the qualitative framework consistent with the regulatory interagency policy statement on the ACL. When a loan no longer shares similar risk characteristics with its segment, the asset is assessed to determine whether it should be included in another pool or should be individually evaluated, which includes consideration of the materiality of the loan. Generally, individually evaluated loans other than TDRs are on nonaccrual status. The ECLs on individually evaluated loans will be estimated based on a DCF analysis unless the loan meets the criteria for use of the fair value of collateral, either by virtue of an expected foreclosure or through meeting the definition of collateral dependent. Financial assets that have been individually evaluated can be returned to a pool for purposes of estimating the ECL insofar as their credit profile improves and that the repayment terms are not considered to be unique to the asset. Restructured loans to borrowers who are experiencing financial difficulty, and on which the Company has granted concessions that modify the terms of the loan, are accounted for as TDRs. These loans remain as TDRs until the loan has been paid in full, modified to its original terms, or charged off. The Company may place these loans on accrual or nonaccrual status depending on the individual facts and circumstances of the borrower. Generally, these loans are put on nonaccrual status until there is adequate performance that evidences the ability of the borrower to make the contractual payments. This period of performance is normally at least six months, and may include performance immediately prior to or after the modification, depending on the specific facts and circumstances of the borrower. Management measures ECLs over the contractual term of the loans. When determining the contractual term, the Company considers expected prepayments but is precluded from considering expected extensions, renewals, or modifications, unless the Company reasonably expects it will execute a TDR with a borrower. In the event of a reasonably-expected TDR, the Company factors the reasonably-expected TDR into the CECL estimate. The effects of a TDR are recorded when an individual asset is specifically identified as a reasonably-expected TDR. The Company identifies the point at which it offers the modification to the borrower as the point at which the TDR is reasonably expected. The Company uses a DCF methodology to calculate the effect of the concession provided to the borrower within the ACL. Acquired Loans Acquired loans are recorded at fair value at the date of acquisition based on a DCF methodology that considers various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. Certain larger purchased loans are individually evaluated while certain purchased loans are grouped together according to similar risk characteristics and are treated in the aggregate when applying various valuation techniques. These cash flow evaluations are inherently subjective as they require material estimates, all of which may be susceptible to significant change. Prior to July 1, 2020, loans acquired in a business combination that had evidence of deterioration of credit quality since origination and for which it was probable, at acquisition, that the Company would be unable to collect all contractually required payments receivable were considered PCI loans. PCI loans were individually evaluated and recorded at fair value at the date of acquisition with no initial valuation allowance based on a DCF methodology that considered various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. The difference between the undiscounted cash flows expected at acquisition and the investment in the loan, or the “accretable yield,” was recognized as interest income on a level-yield method over the life of the loan. Contractually required payments for interest and principal that exceed the undiscounted cash flows expected at acquisition, or the “nonaccretable difference,” were not recognized on the balance sheet and did not result in any yield adjustments, loss accruals or valuation allowances. Increases in expected cash flows, including prepayments, subsequent to the initial investment were recognized prospectively through adjustment of the yield on the loan over its remaining life. Decreases in expected cash flows were recognized as impairment. Valuation allowances on PCI loans reflected only losses incurred after the acquisition (meaning the present value of all cash flows expected at acquisition that ultimately were not to be received). Subsequent to July 1, 2020, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered PCD loans. At the acquisition date, an estimate of ECLs is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial ACL is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial ACL is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. All loans considered to be PCI prior to July 1, 2020 were converted to PCD on that date. For acquired loans not deemed purchased credit deteriorated at acquisition, the differences between the initial fair value and the unpaid principal balance are recognized as interest income on a level-yield basis over the lives of the related loans. At the acquisition date, an initial ACL is estimated and recorded as credit loss expense. The subsequent measurement of ECLs for all acquired loans is the same as the subsequent measurement of ECLs for originated loans. Loan Commitments and ACL on Off-Balance Sheet Credit Exposures Financial instruments include off-balance sheet credit instruments, such as undisbursed portions of construction loans, commitments to originate loans, unused lines of credit, and standby letters of credit. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an ACL on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancellable, through a provision for credit losses charged against earnings. The ACL on these exposures is estimated by loan segment at each balance sheet date under the CECL model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur, and is included in other liabilities on the Company’s consolidated balance sheets. Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives. Leasehold improvements are amortized over the lives of the respective leases or the estimated useful life of the leasehold improvement, whichever is less. Maintenance and repair costs are expensed as incurred. Obligations under capital leases are amortized using the interest method to allocate payments between principal reduction and interest expense. Real Estate Owned Foreclosed assets are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. Physical possession of real property collateralizing a loan occurs when legal title is obtained upon completion of foreclosure or when the borrower conveys all interest in the property to satisfy the loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. If the fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed. Bank Owned Life Insurance The Company has purchased life insurance policies on certain key executives. BOLI is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Business Combinations The Company uses the acquisition method of accounting for all business combinations. An acquirer must be identified for each business combination, and the acquisition date is the date the acquirer achieves control. The acquisition method of accounting requires the Company as acquirer to recognize the fair value of assets acquired and liabilities assumed at the acquisition date as well as recognize goodwill or a gain from a bargain purchase, if appropriate. Any acquisition-related costs and restructuring costs are recognized as period expenses as incurred. Goodwill Goodwill represents the excess of the purchase price over the sum of the estimated fair values of the tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed in a business combination. Goodwill has an indefinite useful life and is evaluated for impairment annually in the fourth quarter or more frequently if events and circumstances indicate that the asset might be impaired. The Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining the need to perform the test for goodwill impairment (the qualitative method). If the qualitative method cannot be used or if the Company determines, based on the qualitative method, that the fair value is more likely than not less than the carrying amount, the Company compares the estimated fair value of a reporting unit with its carrying amount, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered impaired. If the carrying amount of a reporting unit exceeds its estimated fair value, the Company will record an impairment charge based on that difference. Our annual goodwill impairment test did not identify any impairment for the years ended June 30, 2023 and 2022. Core Deposit Intangibles Core deposit intangibles represent the estimated value of long-term deposit relationships acquired in business combinations. These core deposit premiums are amortized using an accelerated method over the estimated useful lives of the related deposits, typically between five and 10 years. The estimated useful lives are periodically reviewed for reasonableness. Servicing Rights When loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on market prices for comparable mortgage servicing contracts, when available or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. All classes of servicing assets are subsequently measured using the amortization method which requires servicing rights to be amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying loans. Servicing rights are evaluated for impairment based upon the fair value of the rights as compared to carrying amount. Impairment is determined by stratifying rights into groupings based on predominant risk characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual grouping, to the extent that fair value is less than the carrying amount. If the Company later determines that all or a portion of the impairment no longer exists for a particular grouping, a reduction of the allowance may be recorded as an increase to income. Changes in valuation allowances are reported within loan income and fees on the income statement. The fair values of servicing rights are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and default rates and losses. Servicing fee income, which is reported on the income statement as loan income and fees, is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of servicing rights is netted against loan servicing fee income. Late fees and ancillary fees related to loan servicing are not material. Revenue from Contracts with Customers The Company records revenue from contracts with customers in accordance with ASC Topic 606, “Revenue from Contracts with Customers”. Under Topic 606, the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. Significant revenue has not been recognized in the current reporting period that results from performance obligations satisfied in previous periods. The Company’s primary sources of revenue are derived from interest and dividends earned on loans, investment securities, and other financial instruments that are not within the scope of Topic 606. The Company has evaluated the nature of its contracts with customers and determined that further disaggregation of revenue from contracts with customers into more granular categories beyond what is presented in the Consolidated Statements of Income was not necessary. The Company generally fully satisfies its performance obligations on its contracts with customers as services are rendered and the transaction prices are typically fixed, charged either on a periodic basis or based on activity. Since performance obligations are satisfied as services are rendered and the transaction prices are fixed, the Company has made no significant judgments in applying the revenue guidance prescribed in ASC 606 that affect the determination of the amount and timing of revenue from contracts with customers. Stock-Based Compensation The Company issues restricted stock, restricted stock units, and stock options under the HomeTrust Bancshares, Inc. 2022 Omnibus Incentive Plan (“2022 Omnibus Incentive Plan”) to key officers and outside directors. In accordance with the requirements of the FASB ASC 718, "Compensation – Stock Compensation," the Company has adopted a fair value based method of accounting for employee stock compensation plans, whereby compensation cost is measured based on the fair value of the award as of the grant date and recognized over the vesting period. The Company accounts for forfeitures as they occur. Comprehensive Income Comprehensive income consists of net income and net unrealized gains (losses) on debt securities available for sale and is presented in the Consolidated Statements of Comprehensive Income. Income Taxes The Company accounts for income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced, if necessary, by the amount of such benefits that are not expected to be realized based upon available evidence. See "Note 12 – Income Taxes" for additional information. The Company recognizes interest and penalties accrued relative to unrecognized tax benefits in its respective federal or state income taxes accounts. As of June 30, 2023 and 2022, there were no accruals for uncertain tax positions. As of June 30, 2023, no interest or penalties were accrued compared to an accrual of $28 as of June 30, 2022. Derivative Instruments and Hedging The Company holds and issues derivative financial instruments such as IRLCs and other forward sale commitments. IRLCs are subject to pricing risk primarily related to fluctuations in market interest rates. To hedge the interest rate risk on certain IRLCs, the Company uses forward sale commitments such as TBAs or mandatory delivery commitments with investors. Management expects these forward sale commitments to experience changes in fair value opposite to the changes in fair value of the IRLCs, thereby reducing earnings volatility. Forward sale commitments are also used to hedge the interest rate risk on mortgage loans held for sale that are not committed to investors and still subject to price risk. If the mandatory delivery commitments are not fulfilled, the Company pays a pair-off fee. Best effort forward sale commitments are also executed with investors, whereby certain loans are locked with a borrower and simultaneously committed to an investor at a fixed price. If the best effort IRLC does not fund, there is no obligation to fulfill the investor commitment. The Company considers various factors and strategies in determining what portion of the IRLCs and uncommitted mortgage loans held for sale to economically hedge. All derivative instruments are recognized as other assets or other liabilities on the consolidated statements of financial condition at their fair value. Changes in the fair value of the derivative instruments and gains and losses resulting from the pairing-out of forward sale commitments are recognized in the gain on sale of loans held for sale on the consolidated statements of income in the period in which they occur. The Company accounts for all derivative instruments as free-standing derivative instruments and does not designate any for hedge accounting. Net Income per Share Basic EPS is computed by dividing net income by the weighted-average number of common shares outstanding for the year, less the average number of nonvested restricted stock awards. Diluted EPS reflects the potential dilution from the issuance of additional shares of common stock caused by the exercise of stock options and restricted stock awards. In addition, nonvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents are considered participating securities and are included in the computation of EPS pursuant to the two-class method. The two-class method is an earnings allocation formula that determines EPS for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. ESOP shares are considered outstanding for basic and diluted EPS when the shares are committed to be released. Net income is allocated between the common stock and participating securities pursuant to the two-class method, based on their rights to receive dividends, participate in earnings, or absorb losses. See "Note 16 – Net Income per Share" for further discussion on the Company’s EPS.

Deposits - Certificates of Deposit With Balances of $100 Or Greater (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Deposits [Abstract]
Certificates of deposit, minimum account balance	$ 250,000
Certificates of Deposit With Balances of $250 or Greater	120,666,000	$ 156,558,000
FDIC insured amount	$ 250,000

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Retirement Benefits [Abstract]
Employee stock ownership plan, minimum age for eligibility	21 years
Employer matching contribution, percent of match	50.00%
Employer matching contribution, percent of employees' gross pay	6.00%
Employee service period	4 years
Defined contribution plan, administrative expenses	$ 987	$ 911	$ 914
ESOP compensation expense	1,279	1,502	1,125
Executive Medical Care Plan (EMCP) expenses	50	219	$ 263
Executive Medical Care Plan (EMCP) accrued expenses	$ 5,425	$ 5,533

Employee Benefit Plans - Schedule of Shares Held by the Employee Stock Ownership Plan (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Retirement Benefits [Abstract]
Unallocated ESOP shares (in shares)	476,100	529,000
Allocated ESOP shares (in shares)	555,450	502,550
ESOP shares committed to be released (in shares)	26,450	26,450
Total ESOP shares (in shares)	1,058,000	1,058,000
Fair value of unallocated ESOP shares	$ 9,946	$ 14,759

Parent Company Only Condensed Financial Information

12 Months Ended

Jun. 30, 2023

Parent Company Only Condensed Financial Information

The following tables present parent company only condensed financial information:



Condensed Balance Sheets	June 30, 2023		June 30, 2022
Assets
Cash and cash equivalents	$	924	$	6,852






Investment in bank subsidiary	493,289		374,648
ESOP loan receivable	5,630		6,154
Other assets	1,626		1,252
Total assets	$	501,469	$	388,906
Liabilities and stockholders’ equity
Junior subordinated debt	$	9,971	$	—
Revolving line of credit	20,263		—
Other liabilities	49		61
Stockholders’ equity	471,186		388,845
Total liabilities and stockholders’ equity	$	501,469	$	388,906


	Year Ended June 30,
Condensed Statements of Income	2023		2022		2021
Income
Interest income	$	137	$	149	$	158


Equity in undistributed bank subsidiary income	45,867		36,281		16,246

Total income	46,004		36,430		16,404
Expense
Interest expense - junior subordinated debt	327		—		—
Interest expense - revolving line of credit	663		—		—
Management fee expense	528		516		474


Other	270		261		255
Total expense	1,788		777		729
Income before income taxes	44,216		35,653		15,675
Income tax benefit	(388)		—		—

Net income	$	44,604	$	35,653	$	15,675


	Year Ended June 30,
Condensed Statement of Cash Flows	2023		2022		2021
Operating activities
Net income	$	44,604	$	35,653	$	15,675
Adjustments to reconcile net income to net cash provided by operating activities:

Gain on sale of REO	—		(3)		—
Increase in other assets	(348)		(11)		(435)
Equity in undistributed bank subsidiary income	(45,867)		(36,281)		(16,246)
ESOP compensation expense	1,279		1,502		1,125
Share-based compensation expense	1,854		2,152		2,102
Decrease in other liabilities	(256)		(37)		(61)
Net cash provided by operating activities	1,266		2,975		2,160
Investing activities








Increase in investment in bank subsidiary	(1,490)		(1,707)		(1,330)
Dividends from bank subsidiary	15,000		38,389		21,416

ESOP principal payments received	524		511		253
Proceeds from sale of REO	—		146		—

Net cash paid in merger	(15,330)		—		—
Net cash provided by (used in) investing activities	(1,296)		37,339		20,339
Financing activities


Net increase in revolving line of credit	20,263		—		—
Repayment of long-term debt	(24,728)		—		—
Common stock repurchased	—		(43,348)		(16,155)
Cash dividends paid	(6,229)		(5,452)		(5,018)

Retired stock	(344)		(345)		(204)
Exercised stock options	5,140		6,081		4,592
Net cash used in financing activities	(5,898)		(43,064)		(16,785)
Net increase (decrease) in cash and cash equivalents	(5,928)		(2,750)		5,714
Cash and cash equivalents at beginning of period	6,852		9,602		3,888
Cash and cash equivalents at end of period	$	924	$	6,852	$	9,602

Leases

12 Months Ended

Jun. 30, 2023

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 our 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 Sheets. The Company recognizes lease expenses for these leases over the lease term.

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


	June 30, 2023			June 30, 2022
Supplemental balance sheet information
ROU assets	$	9,674		$	5,846

Lease liabilities	$	10,790		$	6,641

Weighted-average remaining lease terms (years)	9.2			10.8
Weighted-average discount rate	3.32		%	2.90		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at June 30, 2023:


Fiscal year ending June 30
2024	$	1,720
2025	1,652
2026	1,538
2027	1,565
2028	1,590
Thereafter	4,662
Total undiscounted minimum lease payments	12,727
Less: amount representing interest	(1,937)
Total lease liability	$	10,790

The following table presents components of operating lease expense as of the dates indicated:


	Year Ended June 30,
	2023		2022
Operating lease cost (included in occupancy expense, net)	$	1,515	$	1,559
Variable lease cost (included in occupancy expense, net)	228		9
Sublease income (included in other noninterest income)	(169)		(189)
Total operating lease expense, net	$	1,574	$	1,379

As Lessee - Finance Lease

During the year ended June 30, 2023, the Company purchased the property associated with the finance lease reported historically. The Company purchased the property for $1,249, terminating the existing land lease. Prior to the purchase, for the years ended June 30, 2023 and 2022, interest expense on the lease liability totaled $60 and $93, respectively.

Supplemental lease cash flow information as of the dates indicated:


	Year Ended June 30,
	2023		2022
ROU assets - noncash additions (operating leases)	$	5,179	$	1,186

Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,245		1,438
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	89		134

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, healthcare, 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 fixed purchase option; and most of the leases that do not have a 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 seven 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 $21,749 and $20,075 with a residual value of $13,267 and $12,874 as of June 30, 2023 and 2022, respectively.

The following table presents total equipment finance operating lease income and depreciation expense as of the dates indicated:


	Year Ended June 30,
	2023		2022
Operating lease income	$	5,471	$	6,392
Depreciation expense	4,873		5,362

The following schedule summarizes aggregate future minimum lease payments to be received at June 30, 2023:


Fiscal year ending June 30
2024	$	5,354
2025	3,246
2026	1,989
2027	465
2028	230
Thereafter	366
Total of future minimum payments	$	11,650

As Lessor - Finance Leases

Finance lease income is recognized as a component of loan interest income over the lease term. The finance leases are included as a component of the equipment finance class of financing receivables under the commercial loans segment of the loan portfolio. For the years ended June 30, 2023 and 2022, interest income on equipment finance leases totaled $3,390 and $3,057, respectively.

The lease receivable component of finance lease net investment included within equipment finance class of financing receivables was $70,605 and $62,188 at June 30, 2023 and 2022, respectively.

The following schedule summarizes, as of June 30, 2023, aggregate future minimum finance lease payments to be received:


Fiscal year ending June 30
2024	$	23,861
2025	19,779
2026	15,677
2027	10,623
2028	5,294
Thereafter	3,927
Total undiscounted minimum payments	79,161
Less: amount representing interest	(8,556)
Total lease receivable	$	70,605

As Lessee - Operating Leases

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


	June 30, 2023			June 30, 2022
Supplemental balance sheet information
ROU assets	$	9,674		$	5,846

Lease liabilities	$	10,790		$	6,641

Weighted-average remaining lease terms (years)	9.2			10.8
Weighted-average discount rate	3.32		%	2.90		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at June 30, 2023:


Fiscal year ending June 30
2024	$	1,720
2025	1,652
2026	1,538
2027	1,565
2028	1,590
Thereafter	4,662
Total undiscounted minimum lease payments	12,727
Less: amount representing interest	(1,937)
Total lease liability	$	10,790

The following table presents components of operating lease expense as of the dates indicated:


	Year Ended June 30,
	2023		2022
Operating lease cost (included in occupancy expense, net)	$	1,515	$	1,559
Variable lease cost (included in occupancy expense, net)	228		9
Sublease income (included in other noninterest income)	(169)		(189)
Total operating lease expense, net	$	1,574	$	1,379

As Lessee - Finance Lease

Supplemental lease cash flow information as of the dates indicated:


	Year Ended June 30,
	2023		2022
ROU assets - noncash additions (operating leases)	$	5,179	$	1,186

Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,245		1,438
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	89		134

As Lessor - General

As Lessor - Operating Leases

The following table presents total equipment finance operating lease income and depreciation expense as of the dates indicated:


	Year Ended June 30,
	2023		2022
Operating lease income	$	5,471	$	6,392
Depreciation expense	4,873		5,362

The following schedule summarizes aggregate future minimum lease payments to be received at June 30, 2023:


Fiscal year ending June 30
2024	$	5,354
2025	3,246
2026	1,989
2027	465
2028	230
Thereafter	366
Total of future minimum payments	$	11,650

As Lessor - Finance Leases

The lease receivable component of finance lease net investment included within equipment finance class of financing receivables was $70,605 and $62,188 at June 30, 2023 and 2022, respectively.

The following schedule summarizes, as of June 30, 2023, aggregate future minimum finance lease payments to be received:


Fiscal year ending June 30
2024	$	23,861
2025	19,779
2026	15,677
2027	10,623
2028	5,294
Thereafter	3,927
Total undiscounted minimum payments	79,161
Less: amount representing interest	(8,556)
Total lease receivable	$	70,605

As Lessee - Operating Leases

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


	June 30, 2023			June 30, 2022
Supplemental balance sheet information
ROU assets	$	9,674		$	5,846

Lease liabilities	$	10,790		$	6,641

Weighted-average remaining lease terms (years)	9.2			10.8
Weighted-average discount rate	3.32		%	2.90		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at June 30, 2023:


Fiscal year ending June 30
2024	$	1,720
2025	1,652
2026	1,538
2027	1,565
2028	1,590
Thereafter	4,662
Total undiscounted minimum lease payments	12,727
Less: amount representing interest	(1,937)
Total lease liability	$	10,790

The following table presents components of operating lease expense as of the dates indicated:


	Year Ended June 30,
	2023		2022
Operating lease cost (included in occupancy expense, net)	$	1,515	$	1,559
Variable lease cost (included in occupancy expense, net)	228		9
Sublease income (included in other noninterest income)	(169)		(189)
Total operating lease expense, net	$	1,574	$	1,379

As Lessee - Finance Lease

Supplemental lease cash flow information as of the dates indicated:


	Year Ended June 30,
	2023		2022
ROU assets - noncash additions (operating leases)	$	5,179	$	1,186

Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,245		1,438
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	89		134

As Lessor - General

As Lessor - Operating Leases

The following table presents total equipment finance operating lease income and depreciation expense as of the dates indicated:


	Year Ended June 30,
	2023		2022
Operating lease income	$	5,471	$	6,392
Depreciation expense	4,873		5,362

The following schedule summarizes aggregate future minimum lease payments to be received at June 30, 2023:


Fiscal year ending June 30
2024	$	5,354
2025	3,246
2026	1,989
2027	465
2028	230
Thereafter	366
Total of future minimum payments	$	11,650

As Lessor - Finance Leases

The lease receivable component of finance lease net investment included within equipment finance class of financing receivables was $70,605 and $62,188 at June 30, 2023 and 2022, respectively.

The following schedule summarizes, as of June 30, 2023, aggregate future minimum finance lease payments to be received:


Fiscal year ending June 30
2024	$	23,861
2025	19,779
2026	15,677
2027	10,623
2028	5,294
Thereafter	3,927
Total undiscounted minimum payments	79,161
Less: amount representing interest	(8,556)
Total lease receivable	$	70,605

Schedule of Deposit Accounts

As Lessee - Operating Leases

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


	June 30, 2023			June 30, 2022
Supplemental balance sheet information
ROU assets	$	9,674		$	5,846

Lease liabilities	$	10,790		$	6,641

Weighted-average remaining lease terms (years)	9.2			10.8
Weighted-average discount rate	3.32		%	2.90		%

The following schedule summarizes aggregate future minimum lease payments under these operating leases at June 30, 2023:


Fiscal year ending June 30
2024	$	1,720
2025	1,652
2026	1,538
2027	1,565
2028	1,590
Thereafter	4,662
Total undiscounted minimum lease payments	12,727
Less: amount representing interest	(1,937)
Total lease liability	$	10,790

The following table presents components of operating lease expense as of the dates indicated:


	Year Ended June 30,
	2023		2022
Operating lease cost (included in occupancy expense, net)	$	1,515	$	1,559
Variable lease cost (included in occupancy expense, net)	228		9
Sublease income (included in other noninterest income)	(169)		(189)
Total operating lease expense, net	$	1,574	$	1,379

As Lessee - Finance Lease

Supplemental lease cash flow information as of the dates indicated:


	Year Ended June 30,
	2023		2022
ROU assets - noncash additions (operating leases)	$	5,179	$	1,186

Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,245		1,438
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	89		134

As Lessor - General

As Lessor - Operating Leases

The following table presents total equipment finance operating lease income and depreciation expense as of the dates indicated:


	Year Ended June 30,
	2023		2022
Operating lease income	$	5,471	$	6,392
Depreciation expense	4,873		5,362

The following schedule summarizes aggregate future minimum lease payments to be received at June 30, 2023:


Fiscal year ending June 30
2024	$	5,354
2025	3,246
2026	1,989
2027	465
2028	230
Thereafter	366
Total of future minimum payments	$	11,650

As Lessor - Finance Leases

The lease receivable component of finance lease net investment included within equipment finance class of financing receivables was $70,605 and $62,188 at June 30, 2023 and 2022, respectively.

The following schedule summarizes, as of June 30, 2023, aggregate future minimum finance lease payments to be received:


Fiscal year ending June 30
2024	$	23,861
2025	19,779
2026	15,677
2027	10,623
2028	5,294
Thereafter	3,927
Total undiscounted minimum payments	79,161
Less: amount representing interest	(8,556)
Total lease receivable	$	70,605

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Jun. 30, 2023	Sep. 04, 2023	Dec. 31, 2022
Document and Entity Information:
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2023
Current Fiscal Year End Date	--06-30
Document Transition Report	false
Entity File Number	1-35593
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 $0.01 per share
Trading Symbol	HTBI
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Document Financial Statement Error Correction [Flag]	false
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		17,367,173
Entity Public Float			$ 362.5
Documents Incorporated by Reference	Portions of the Registrant's Proxy Statement for its 2023 Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K.
Entity Central Index Key	0001538263
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Debt Securities - Schedule of Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Fair Value
Less than 12 Months, Fair Value	$ 86,308	$ 97,543
12 Months or More, Fair Value	64,868	19,542
Total fair value	151,176	117,085
Unrealized Losses
Less than 12 Months, Unrealized Losses	(1,886)	(2,281)
12 Months or More, Unrealized Losses	(3,439)	(880)
Total, unrealized losses	(5,325)	(3,161)
U.S. government agencies
Fair Value
Less than 12 Months, Fair Value	0	14,461
12 Months or More, Fair Value	14,714	0
Total fair value	14,714	14,461
Unrealized Losses
Less than 12 Months, Unrealized Losses	0	(539)
12 Months or More, Unrealized Losses	(286)	0
Total, unrealized losses	(286)	(539)
MBS, residential
Fair Value
Less than 12 Months, Fair Value	83,281	41,658
12 Months or More, Fair Value	24,133	5,269
Total fair value	107,414	46,927
Unrealized Losses
Less than 12 Months, Unrealized Losses	(1,674)	(994)
12 Months or More, Unrealized Losses	(1,777)	(153)
Total, unrealized losses	(3,451)	(1,147)
Municipal bonds
Fair Value
Less than 12 Months, Fair Value		1,970
12 Months or More, Fair Value		0
Total fair value		1,970
Unrealized Losses
Less than 12 Months, Unrealized Losses		(18)
12 Months or More, Unrealized Losses		0
Total, unrealized losses		(18)
Corporate bonds
Fair Value
Less than 12 Months, Fair Value	607	39,454
12 Months or More, Fair Value	25,053	14,273
Total fair value	25,660	53,727
Unrealized Losses
Less than 12 Months, Unrealized Losses	(143)	(730)
12 Months or More, Unrealized Losses	(1,328)	(727)
Total, unrealized losses	(1,471)	$ (1,457)
Municipal bonds
Fair Value
Less than 12 Months, Fair Value	2,420
12 Months or More, Fair Value	968
Total fair value	3,388
Unrealized Losses
Less than 12 Months, Unrealized Losses	(69)
12 Months or More, Unrealized Losses	(48)
Total, unrealized losses	$ (117)

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Deferred tax assets
Allowance for credit losses	$ 11,822	$ 8,796
Deferred compensation and post-retirement benefits	8,214	8,407
Impairments on real estate owned	26	61
Net operating loss carryforward	2,806	3,353
Discount from business combinations	974	1,228
Unrealized loss on debt securities held for sale	1,225	718
Share-based compensation expense	1,514	1,860
Operating lease liability	2,513	1,525
Other	1,463	1,127
Total deferred tax assets	30,557	27,075
Deferred tax liabilities
Depreciable basis of fixed assets	(9,992)	(7,874)
Deferred loan costs	(668)	(774)
FHLB stock, book basis in excess of tax	(90)	(89)
BOLI available for redemption	(5,163)	(4,679)
Operating lease ROU asset	(2,253)	(1,343)
Other	(1,479)	(829)
Total deferred tax liabilities	(19,645)	(15,588)
Net deferred tax assets	$ 10,912	$ 11,487

Deposits (Tables)

12 Months Ended

Jun. 30, 2023

Deposits [Abstract]

Deposit accounts at the dates indicated consist of the following:


	June 30, 2023		June 30, 2022
Noninterest-bearing accounts	$	825,481	$	745,746
NOW accounts	611,105		654,981
Money market accounts	1,241,840		969,661
Savings accounts	212,220		238,197
Certificates of deposit	710,522		491,176
Total	$	3,601,168	$	3,099,761

Schedule of Maturities of Certificates of Deposit

As of June 30, 2023, scheduled maturities of certificates of deposit are as follows:


2024	$	642,841
2025	51,466
2026	7,702
2027	4,827
2028	3,686
Thereafter	—
Total	$	710,522

Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2023

Employee Stock Ownership Plan (ESOP) Activity

Shares held by the ESOP at the dates indicated include the following:



	June 30, 2023		June 30, 2022
Unallocated ESOP shares	476,100		529,000
Allocated ESOP shares	555,450		502,550
ESOP shares committed to be released	26,450		26,450
Total ESOP shares	1,058,000		1,058,000
Fair value of unallocated ESOP shares	$	9,946	$	14,759

Loans Held For Sale (Tables)

12 Months Ended

Jun. 30, 2023

Schedule of Loans Held for Sale



	June 30, 2023		June 30, 2022
One-to-four family	$	—	$	4,176
SBA	28,804		14,774
HELOCs	132,899		60,357
Total loans held for sale, at the lower of cost or fair value	$	161,703	$	79,307

Loans consist of the following at the dates indicated:



	June 30, 2023		June 30, 2022
Commercial real estate loans
Construction and land development	$	356,674	$	291,202
Commercial real estate - owner occupied	529,721		335,658
Commercial real estate - non-owner occupied	901,685		662,159
Multifamily	81,827		81,086
Total commercial real estate loans	1,869,907		1,370,105
Commercial loans
Commercial and industrial	245,428		193,313
Equipment finance	462,211		394,541
Municipal leases	142,212		129,766
Total commercial loans	849,851		717,620
Residential real estate loans
Construction and land development	110,074		81,847
One-to-four family	529,703		354,203
HELOCs	187,193		160,137
Total residential real estate loans	826,970		596,187
Consumer loans	112,095		85,383
Total loans, net of deferred loan fees and costs	3,658,823		2,769,295
Allowance for credit losses – loans	(47,193)		(34,690)
Loans, net	$	3,611,630	$	2,734,605

(1) June 30, 2023 and 2022 accrued interest receivable of $14,101 and $7,969 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 and Extent of Collateral Securing CDAs								Non-CDAs
June 30, 2023	Residential Property		Investment Property		Commercial Property		Business Assets					Total

Commercial real estate
Construction and land development	$	—	$	—	$	—	$	—		$	356,674	$	356,674
Commercial real estate - owner occupied	—		—		1,045		—			528,676		529,721
Commercial real estate - non-owner occupied	—		—		3,018		—			898,667		901,685
Multifamily	—		—		—		—			81,827		81,827
Total commercial real estate	—		—		4,063		—			1,865,844		1,869,907
Commercial
Commercial and industrial	—		—		—		811			244,617		245,428
Equipment finance	—		—		—		342			461,869		462,211
Municipal leases	—		—		—		—			142,212		142,212
Total commercial	—		—		—		1,153			848,698		849,851
Residential real estate
Construction and land development	—		—		—		—			110,074		110,074
One-to-four family	752		—		—		—			528,951		529,703
HELOCs	—		—		—		—			187,193		187,193
Total residential real estate	752		—		—		—			826,218		826,970
Consumer	—		—		—		—			112,095		112,095
Total	$	752	$	—	$	4,063	$	1,153		$	3,652,855	$	3,658,823
Total collateral value	$	1,435	$	—	$	9,202	$	—


	Type and Extent of Collateral Securing CDAs								Non-CDAs
June 30, 2022	Residential Property		Investment Property		Commercial Property		Business Assets					Total

Commercial real estate
Construction and land development	$	—	$	—	$	—	$	—		$	291,202	$	291,202
Commercial real estate - owner occupied	—		—		—		—			335,658		335,658
Commercial real estate - non-owner occupied	—		—		—		—			662,159		662,159
Multifamily	—		—		—		—			81,086		81,086
Total commercial real estate	—		—		—		—			1,370,105		1,370,105
Commercial
Commercial and industrial	—		—		—		2,594			190,719		193,313
Equipment finance	—		—		—		—			394,541		394,541
Municipal leases	—		—		—		—			129,766		129,766
Total commercial	—		—		—		2,594			715,026		717,620
Residential real estate
Construction and land development	—		—		—		—			81,847		81,847
One-to-four family	1,318		—		—		—			352,885		354,203
HELOCs	—		—		—		—			160,137		160,137
Total residential real estate	1,318		—		—		—			594,869		596,187
Consumer	—		—		—		—			85,383		85,383
Total	$	1,318	$	—	$	—	$	2,594		$	2,765,383	$	2,769,295
Total collateral value	$	2,443	$	—	$	—	$	69

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Statement of Financial Position [Abstract]
Debt securities available for sale, at fair value, amortized cost	$ 157,251	$ 130,099
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock shares authorized (in shares)	10,000,000	10,000,000
Preferred stock shares issued (in shares)	0	0
Preferred stock shares outstanding (in shares)	0	0
Common stock par value (in dollars per share)	$ 0.01	$ 0.01
Common stock shares authorized (in shares)	60,000,000	60,000,000
Common stock shares issued (in shares)	17,366,673	15,591,466
Common stock shares outstanding (in shares)	17,366,673	15,591,466

Income Taxes - Deferred Tax Asset and Liability Policy: Valuation Allowance for Deferred Tax Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Amount in retained earnings for bad debt reserve with no deferred tax liability	$ 19,570	$ 19,570

Recent Accounting Pronouncements	12 Months Ended
Recent Accounting Pronouncements	Jun. 30, 2023
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adoption of New Accounting Standards ASU 2016-13, "Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." In June 2016, the FASB issued ASU 2016-13 which made significant changes to the ACL on financial instruments presented on an amortized cost basis and disclosures about them. The CECL impairment model requires an estimate of ECLs, measured over the contractual life of an instrument, which considers reasonable and supportable forecasts of future economic conditions in addition to information about past events and current conditions. The standard provides significant flexibility and requires a high degree of judgment with regards to pooling financial assets with similar risk characteristics and adjusting the relevant historical loss information in order to develop an estimate of expected lifetime losses. ASU 2016-13 permits the use of estimation techniques that are practical and relevant to the Company’s circumstances, as long as they are applied consistently over time and faithfully estimate ECLs in accordance with the standard. The ASU lists several common credit loss methods that are acceptable such as a DCF method, loss-rate method and roll-rate method. In addition, ASU 2016-13 amended the ACL on debt securities and purchased financial assets with credit deterioration. The Company adopted ASU 2016-13 on July 1, 2020 using the modified retrospective approach. Results for the periods beginning after July 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable US GAAP. The Company recorded a net reduction of retained earnings of $13,358 upon adoption. The transition adjustment included an increase in the ACL on loans of $14,809, an increase in the ACL on off-balance sheet credit exposures of $2,288, and the establishment of an ACL on commercial paper of $250, net of the corresponding increases in deferred tax assets of $3,989. The adoption of this ASU did not have an effect on AFS debt securities. The Company adopted ASU 2016-13 using the prospective transition approach for PCD financial assets that were previously classified as PCI and accounted for under ASC 310-30. In accordance with the standard, the Company did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The remaining discount on the PCD assets was determined to be related to noncredit factors and will be accreted into interest income on a level-yield method over the life of the loans. ASU 2021-05, "Leases (Topic 842): Lessors—Certain Leases with Variable Lease Payments." This ASU amended 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. The adoption of this standard on July 1, 2022, did not have a material impact on the Company's consolidated financial statements. Newly Issued but Not Yet Effective Accounting Standards 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 adoption of ASU 2022-02 is not expected to have a material impact on the Company's 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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-URI https://asc.fasb.org//1943274/2147483194/926-20-65-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483194/926-20-65-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480530/250-10-S99-6

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 250
-Publisher FASB
-URI https://asc.fasb.org//250/tableOfContent

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(1)
-SubTopic 20
-Topic 310
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481925/310-20-65-2

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(2)
-SubTopic 20
-Topic 310
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481925/310-20-65-2

Business Combination and Asset Acquisition [Abstract]

Merger with Quantum (Tables)

12 Months Ended

Jun. 30, 2023

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed


	Quantum		Fair Value Adjustments		Provisional Period Adjustments		As Recorded by HomeTrust
Assets acquired
Cash and cash equivalents	$	47,769	$	—	$	—	$	47,769
Debt securities available for sale	10,608		—		—		10,608
FHLB and FRB stock	1,125		—		—		1,125
Loans(1)	567,140		(5,207)		—		561,933
Premises and equipment	4,415		4,668		—		9,083
Accrued interest receivable	1,706		—		—		1,706

BOLI	9,066		—		—		9,066

Core deposit intangibles	—		12,210		—		12,210
Other assets	2,727		569		(179)		3,117
Total assets acquired	$	644,556	$	12,240	$	(179)	$	656,617



Liabilities assumed
Deposits	$	570,419	$	183	$	—	$	570,602
Junior subordinated debt	11,341		(1,408)		—		9,933
Other borrowings	24,728		—		—		24,728
Deferred income taxes	—		1,341		250		1,591
Other liabilities	3,334		—		—		3,334
Total liabilities assumed	$	609,822	$	116	$	250	$	610,188

Net assets acquired							$	46,429

Consideration paid
Common stock consideration
Shares of Quantum							574,157
Exchange ratio							2.3942
HomeTrust common stock issued							1,374,647
Price per share of HomeTrust common stock on February 10, 2023							$	27.45
HomeTrust common stock consideration							$	37,734
Cash consideration(2)							17,168
Total consideration							$	54,902

Goodwill							$	8,473

Financing Receivable, Purchased With Credit Deterioration

The following table provides a summary of PCD loans purchased as part of the Quantum merger as of the merger date:


	Commercial Real Estate		Commercial		Residential Real Estate		Consumer		Total
Unpaid principal balance	$	4,472	$	9,631	$	393	$	—	$	14,496
ACL	(292)		(72)		(5)		—		(369)
Non-credit premium (discount)	(1,448)		(190)		4		—		(1,634)
Fair value of PCD loans at merger date	$	2,732	$	9,369	$	392	$	—	$	12,493

Business Acquisition, Pro Forma Information


	Year Ended June 30,
	2023		2022
Interest and dividend income	$	214,703	$	151,427
Interest expense	32,866		6,762
Net interest income	181,837		144,665
Provision (benefit) for credit losses	10,122		4,363
Net interest income after provision (benefit) for credit losses	171,715		140,302
Noninterest income	32,950		44,608
Noninterest expense	121,430		130,040
Net income before income taxes	83,235		54,870
Income tax expense	18,556		7,592
Net income	$	64,679	$	47,278
Per share data
Net income per common share
Basic	$	3.76	$	2.78
Diluted	$	3.74	$	2.73
Average shares outstanding
Basic	17,073,264		16,890,819
Diluted	17,156,152		17,185,055

Equity Incentive Plan

12 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Equity Incentive Plan

The Company historically provided stock-based awards through the 2013 Omnibus Incentive Plan, which provided 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. On November 14, 2022, at the Company's annual meeting, stockholders approved the 2022 Omnibus Incentive Plan which provides for the same types of awards as described under the 2013 Omnibus Incentive Plan. Going forward, any future grants will be made under this plan.

The cost of equity-based awards under the 2022 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 1,000,000. Shares of common stock issued under the plan will be issued out of authorized but unissued shares, some or all of which may be repurchased shares.

The table below presents share-based compensation expense and the estimated related tax benefit for stock options and restricted stock for the dates indicated below:


	Year Ended June 30,
	2023		2022		2021
Share-based compensation expense	$	1,854	$	2,152	$	2,102
Tax benefit	436		508		494

The table below presents stock option activity and related information for the periods indicated below:


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










Options outstanding at June 30, 2021	1,319,456	$	19.07	3.9	$	11,657
Granted	47,850	30.90

Exercised	(413,636)	14.70
Forfeited	(24,800)	23.96

Options outstanding at June 30, 2022	928,870	$	21.49	4.1	$	4,036
Exercisable at June 30, 2022	756,720	$	20.24	3.3	$	3,971
Non-vested at June 30, 2022	172,150	$	26.96	7.5	$	65

Options outstanding at June 30, 2022	928,870	$	21.49	4.1	$	4,036
Granted	5,000	24.07

Exercised	(352,096)	14.59
Forfeited	(12,550)	25.47

Options outstanding at June 30, 2023	569,224	$	25.69	5.1	$	141
Exercisable at June 30, 2023	493,264	$	25.40	4.6	$	141
Non-vested at June 30, 2023	75,960	$	27.56	7.9	$	—

Assumptions used in estimating the fair value of option granted during the periods indicated were as follows:


	Year Ended June 30,
	2023			2022
Weighted-average volatility	27.79		%	28.01		%
Expected dividend yield	1.62		%	1.13		%
Risk-free interest rate	3.11		%	2.02		%
Expected life (years)	6.5			6.5
Weighted-average fair value of options granted	$	6.77		$	8.60

At June 30, 2023, the Company had $478 of unrecognized compensation expense related to 75,960 stock options originally scheduled to vest over a five-year period. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 1.6 years at June 30, 2023. At June 30, 2022, the Company had $954 of unrecognized compensation expense related to 172,150 stock options originally scheduled to vest over a five-year period. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 1.6 years at June 30, 2022.

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


	Restricted Stock Awards(1)	Performance-Based Restricted Stock Units(2)	Weighted- Average Grant Date Fair Value		Aggregate Intrinsic Value




Non-vested at June 30, 2021	120,795	30,780	$	25.06	$	4,229
Granted	42,123	9,556	31.18		—
Vested	(46,626)	(7,118)	25.22		—
Forfeited	(13,600)	—	25.27		—
Non-vested at June 30, 2022	102,692	33,218	$	27.40	$	2,345
Granted	57,839	21,005	27.24		—
Vested	(41,590)	(13,861)	27.38		—
Forfeited	(10,090)	(3,032)	27.32		—
Non-vested at June 30, 2023	108,851	37,330	$	27.32	$	3,054

(1)Restricted stock awards are scheduled to vest over 1.0 year for director awards and 5.0 years for employee awards.

(2)Performance-based restricted stock units are scheduled to vest over 3.0 years assuming the applicable financial goals are met.

At June 30, 2023, unrecognized compensation expense was $3,154 related to 146,181 shares of restricted stock. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 1.8 years at June 30, 2023. At June 30, 2022, unrecognized compensation expense was $2,771 related to 135,910 shares of restricted stock. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 1.6 years at June 30, 2022.

Equity Incentive Plan - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Options
Options outstanding at beginning of period (in shares)	172,150
Options outstanding at end of period (in shares)	75,960	172,150
Options, Nonvested (in shares)		172,150
Weighted- Average Exercise Price
Option, nonvested, weighted average exercise price (in dollars per share)		$ 26.96
Weighted average remaining contractual term		3 years 3 months 18 days
Average remaining contractual life		7 years 6 months
Exercisable, intrinsic value		$ 3,971
Options, nonvested, intrinsic value		$ 65
Stock Options
Options
Options outstanding at beginning of period (in shares)	928,870	1,319,456
Granted (in shares)	5,000	47,850
Exercised (in shares)	(352,096)	(413,636)
Forfeited (in shares)	(12,550)	(24,800)
Options outstanding at end of period (in shares)	569,224	928,870	1,319,456
Options Exercisable (in shares)	493,264	756,720
Options, Nonvested (in shares)	75,960
Weighted- Average Exercise Price
Options outstanding weighted average exercise price at beginning of year (in dollars per share)	$ 21.49	$ 19.07
Granted, Weighted average exercise price (in dollars per share)	24.07	30.90
Exercised, Weighted average exercise price (in dollars per share)	14.59	14.70
Forfeited, Weighted average exercise price (in dollars per share)	25.47	23.96
Options outstanding weighted average exercise price at end of year (in dollars per share)	25.69	21.49	$ 19.07
Exercisable, weighted average exercise price (in dollars per share)	25.40	$ 20.24
Option, nonvested, weighted average exercise price (in dollars per share)	$ 27.56
Options outstanding, remaining contractual life	5 years 1 month 6 days	4 years 1 month 6 days	3 years 10 months 24 days
Weighted average remaining contractual term	4 years 7 months 6 days
Average remaining contractual life	7 years 10 months 24 days
Options outstanding, aggregate intrinsic value	$ 141	$ 4,036	$ 11,657
Exercisable, intrinsic value	141
Options, nonvested, intrinsic value	$ 0

Leases - Lessor, Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Lessor, Lease, Description [Line Items]
Leased asset	$ 21,749	$ 20,075
Operating lease, residual value of leased asset	13,267	12,874
Direct financing lease, interest income	3,390	3,057
Direct financing lease, lease receivable	$ 70,605	$ 62,188
Minimum
Lessor, Lease, Description [Line Items]
Term of contract	1 year
Maximum
Lessor, Lease, Description [Line Items]
Term of contract	7 years

Goodwill and Core Deposit Intangibles (Tables)

12 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Amortization expense related to core deposit intangibles

As of June 30, 2023, the estimated amortization expense is as follows:


2024	$	3,048
2025	2,060
2026	1,498
2027	1,104
2028	822
Thereafter	2,246
Total	$	10,778

Commitments and Contingencies - Narrative (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($) investment	Jun. 30, 2022 USD ($) investment
Loss Contingencies [Line Items]
Undisbursed portions of construction loans	$ 220,818	$ 312,893
Loan commitments	86,393	104,745
Variable rate loan commitments	45,533	23,159
Fixed rate loan commitments	40,860	81,586
Pre-approved but unused lines of credit	608,169	485,239
Committed capital, SBIC investments	$ 24,000	$ 21,000
Number of SBIC investments for committed capital \| investment	8	7
Committed capital, SBIC investments, remaining to be drawn	$ 7,984	$ 7,893
Letters of credit outstanding	$ 35,007	$ 18,362
Minimum
Loss Contingencies [Line Items]
Fixed rate interest rate (as a percent)	1.74%	1.41%
Loan commitments terms	3 years
Maximum
Loss Contingencies [Line Items]
Fixed rate interest rate (as a percent)	11.00%	9.00%
Loan commitments terms	30 years

Debt Securities - Narrative (Details) $ in Thousands	12 Months Ended
Debt Securities - Narrative (Details) $ in Thousands	Jun. 30, 2023 USD ($) security	Jun. 30, 2022 USD ($) security	Jun. 30, 2021 USD ($)
Debt Securities, Available-for-sale [Line Items]
Proceeds from sale of debt securities available for sale	$ 0	$ 1,895	$ 0
Number of debt securities sold \| security		7
Gain on sale of debt securities available for sale	0	$ 1,895	$ 0
Debt securities available for sale, at fair value (amortized cost of $157,251 and $130,099 at June 30, 2023 and June 30, 2022, respectively)	151,926	126,978
Market value of available-for-sale securities pledged as collateral	$ 40,475	$ 41,876
Number of securities with unrealized losses \| security	205	177
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Debt securities available for sale, at fair value (amortized cost of $157,251 and $130,099 at June 30, 2023 and June 30, 2022, respectively)	Debt securities available for sale, at fair value (amortized cost of $157,251 and $130,099 at June 30, 2023 and June 30, 2022, respectively)
Debt securities, available-for-sale, accrued interest	$ 532	$ 533
Collateral Pledged
Debt Securities, Available-for-sale [Line Items]
Debt securities available for sale, at fair value (amortized cost of $157,251 and $130,099 at June 30, 2023 and June 30, 2022, respectively)	$ 42,329	$ 43,187

Fair Value of Financial Instruments - Narrative (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Off-balance sheet financial commitments	$ 950,387	$ 921,239
Federal Home Loan Bank, Advances, Prepayment Penalty		$ 22,690
Minimum \| Level 3 \| Loans Receivable, REO \| Measurement Input, Collateral Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, measurement input	0.08
Minimum \| Level 3 \| Loans Receivable, REO \| Measurement Input, Discount Spread
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, measurement input	0.05
Maximum \| Level 3 \| Loans Receivable, REO \| Measurement Input, Collateral Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, measurement input	0.12
Maximum \| Level 3 \| Loans Receivable, REO \| Measurement Input, Discount Spread
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans receivable, measurement input	0.15

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Jun. 30, 2023
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 June 30, 2023 and June 30, 2022, respectively, loan commitments (excluding $220,818 and $312,893 of undisbursed portions of construction loans) totaled $86,393 and $104,745 of which $45,533 and $23,159 were variable rate commitments and $40,860 and $81,586 were fixed rate commitments. The fixed rate loans had interest rates ranging from 1.74% to 11.00% at June 30, 2023 and 1.41% to 9.00% at June 30, 2022, 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 $608,169 and $485,239 at June 30, 2023 and 2022, 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 such as TBAs, mandatory delivery commitments with investors, or best efforts forward sale commitments with investors. The fair value of these interest rate lock commitments was not material at June 30, 2023 or June 30, 2022. SBIC Commitments - As of June 30, 2023, the Company had committed $24,000 across eight SBIC investments with $7,984 remaining to be drawn, while as of June 30, 2022, the Company had committed $21,000 across seven SBIC investments with $7,893 remaining to be drawn. Although the remaining capital commitments may or may not be called in the future, under the terms of the associated limited partnership agreements, the Company's exposure will not extend beyond the amount of the original commitments. 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 June 30, 2023 and 2022 were $35,007 and $18,362, respectively. There was no liability recorded for these letters of credit at June 30, 2023 or June 30, 2022. 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.

Deferred Compensation Agreements - Schedule of Net Cash Surrender Value Life Insurance Policies and Deferred Compensation Liability (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Retirement Benefits [Abstract]
Net cash surrender value of life insurance, related to deferred compensation	$ 415	$ 407
Deferred compensation liability, included in other liabilities	$ 376	$ 430

Leases - Lessee- Finance Lease Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Payments to purchase property	$ 1,249
Finance lease, interest expense	$ 60	$ 93

Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands		12 Months Ended
	Jul. 01, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings		$ 308,651	$ 270,276
Allowance for credit loss		47,193	34,690	$ 35,468	$ 28,072
Off-balance sheet credit exposures		253	981
Deferred tax assets		$ 10,912	$ 11,487
Cumulative-effect adjustment due to the adoption of ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings	$ 13,358
Allowance for credit loss	(14,809)				$ 14,809
Off-balance sheet credit exposures	2,288
ACL on commercial paper	250
Deferred tax assets	$ 3,989

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 50
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147477123/405-50-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 13
-Subparagraph (a)
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147479654/326-10-65-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Amount of accumulated undistributed earnings (deficit).

Schedule of Components of Income Tax Expense

Equity Incentive Plan - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares)	75,960	172,150
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 478	$ 954
Options outstanding (in shares)	569,224	928,870	1,319,456
Unrecognized compensation cost, period for recognition	1 year 7 months 6 days	1 year 7 months 6 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 3,154	$ 2,771
Unrecognized compensation cost, period for recognition		1 year 7 months 6 days
Non-option equity instruments, outstanding (in shares)	146,181	135,910
Weighted average period for recognition of unrecognized compensation expense	1 year 9 months 18 days
Minimum \| Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock, vesting period	5 years	5 years
2022 Omnibus Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)	1,000,000

Regulatory Capital Matters - Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Common Equity Tier I Capital
Common Equity Tier I Capital	$ 459,871	$ 358,600
Common Equity Tier I Capital (as a percent)	11.14%	10.35%
Common Equity Tier I Capital, Minimum for Capital Adequacy Purposes	$ 185,791	$ 155,844
Common Equity Tier I Capital, Minimum for Capital Adequacy Purposes (as a percent)	4.50%	4.50%
Common Equity Tier I Capital, Minimum for Be Well Capitalized	$ 268,365	$ 225,108
Common Equity Tier I Capital, Minimum to Be Well Capitalized (as a percent)	6.50%	6.50%
Tier 1 Capital (to total adjusted assets)
Tier 1 Capital (to Total Adjusted Assets)	$ 459,871	$ 358,600
Tier 1 Capital (to Total Adjusted Assets) (as a percent)	0.1068	0.1011
Tier 1 Capital (to Total Adjusted Assets), Minimum for Capital Adequacy Purposes	$ 172,221	$ 141,814
Tier 1 Capital (to Total Adjusted Assets), Minimum for Capital Adequacy Purposes (as a percent)	0.0400	0.0400
Tier 1 Capital (to Total Adjusted Assets), Minimum to Be Well Capitalized	$ 215,277	$ 177,267
Tier 1 Capital (to Total Adjusted Assets), Minimum to Be Well Capitalized (as a percent)	0.0500	0.0500
Tier 1 Capital (to risk-weighted assets)
Tier 1 Capital (to Risk-weighted Assets)	$ 459,871	$ 358,600
Tier 1 Capital (to Risk-weighted Assets) (as a percent)	0.1114	0.1035
Tier 1 Capital (to Risk-weighted Assets), Minimum for Capital Adequacy Purposes	$ 247,721	$ 207,792
Tier 1 Capital (to Risk-weighted Assets), Minimum for Capital Adequacy Purposes (as a percent)	0.0600	0.0600
Tier 1 Capital (to Risk-weighted Assets), Minimum to Be Well Capitalized	$ 330,295	$ 277,057
Tier I Capital (to Risk-weighted Assets), Minimum to Be Well Capitalized (as a percent)	0.0800	0.0800
Total Risk-based Capital (to risk-weighted assets)
Total Risk-based Capital (to Risk-weighted Assets)	$ 499,431	$ 381,765
Total Risk-based Capital (to Risk-weighted Assets) (as a percent)	0.1210	0.1102
Banking Regulation, Total Risk-Based Capital, Capital Adequacy, Minimum	$ 330,295	$ 277,057
Total Risk-based Capital (to Risk-weighted Assets), Minimum for Capital Adequacy Purposes (as a percent)	0.0800	0.0800
Total Risk-based Capital (to Risk-weighted Assets), Minimum to Be Well Capitalized	$ 412,869	$ 346,321
Total Risk-based Capital (to Risk-weighted Assets), Minimum to Be Well Capitalized (as a percent)	0.1000	0.1000
HomeTrust Bancshares, Inc.
Common Equity Tier I Capital
Common Equity Tier I Capital	$ 437,768	$ 372,797
Common Equity Tier I Capital (as a percent)	10.60%	10.76%
Common Equity Tier I Capital, Minimum for Capital Adequacy Purposes	$ 185,794	$ 155,844
Common Equity Tier I Capital, Minimum for Capital Adequacy Purposes (as a percent)	4.50%	4.50%
Common Equity Tier I Capital, Minimum for Be Well Capitalized	$ 268,370	$ 225,108
Common Equity Tier I Capital, Minimum to Be Well Capitalized (as a percent)	6.50%	6.50%
Tier 1 Capital (to total adjusted assets)
Tier 1 Capital (to Total Adjusted Assets)	$ 447,738	$ 372,797
Tier 1 Capital (to Total Adjusted Assets) (as a percent)	0.1039	0.1050
Tier 1 Capital (to Total Adjusted Assets), Minimum for Capital Adequacy Purposes	$ 172,328	$ 142,028
Tier 1 Capital (to Total Adjusted Assets), Minimum for Capital Adequacy Purposes (as a percent)	0.0400	0.0400
Tier 1 Capital (to Total Adjusted Assets), Minimum to Be Well Capitalized	$ 215,411	$ 177,535
Tier 1 Capital (to Total Adjusted Assets), Minimum to Be Well Capitalized (as a percent)	0.0500	0.0500
Tier 1 Capital (to risk-weighted assets)
Tier 1 Capital (to Risk-weighted Assets)	$ 447,738	$ 372,797
Tier 1 Capital (to Risk-weighted Assets) (as a percent)	0.1084	0.1076
Tier 1 Capital (to Risk-weighted Assets), Minimum for Capital Adequacy Purposes	$ 247,726	$ 207,792
Tier 1 Capital (to Risk-weighted Assets), Minimum for Capital Adequacy Purposes (as a percent)	0.0600	0.0600
Tier 1 Capital (to Risk-weighted Assets), Minimum to Be Well Capitalized	$ 330,301	$ 277,057
Tier I Capital (to Risk-weighted Assets), Minimum to Be Well Capitalized (as a percent)	0.0800	0.0800
Total Risk-based Capital (to risk-weighted assets)
Total Risk-based Capital (to Risk-weighted Assets)	$ 487,298	$ 395,962
Total Risk-based Capital (to Risk-weighted Assets) (as a percent)	0.1180	0.1143
Banking Regulation, Total Risk-Based Capital, Capital Adequacy, Minimum	$ 330,301	$ 277,057
Total Risk-based Capital (to Risk-weighted Assets), Minimum for Capital Adequacy Purposes (as a percent)	0.0800	0.0800
Total Risk-based Capital (to Risk-weighted Assets), Minimum to Be Well Capitalized	$ 412,876	$ 346,321
Total Risk-based Capital (to Risk-weighted Assets), Minimum to Be Well Capitalized (as a percent)	0.1000	0.1000

Income Taxes - Deferred Tax Asset and Liability Policy: Net Operating Loss Carryforwards Included in Deferred Tax Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Net operating loss carry forwards	$ 13,207	$ 15,967
Net operating loss carryforward	$ 2,806	$ 3,353

Merger with Quantum - Business Acquisition, Pro Forma Information (Details) - Quantum - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition [Line Items]
Interest and dividend income	$ 214,703	$ 151,427
Interest expense	32,866	6,762
Net interest income	181,837	144,665
Provision (benefit) for credit losses	10,122	4,363
Net interest income after provision (benefit) for credit losses	171,715	140,302
Noninterest income	32,950	44,608
Noninterest expense	121,430	130,040
Net income before income taxes	83,235	54,870
Income tax expense	18,556	7,592
Net income	$ 64,679	$ 47,278
Net income per common share, basic (in dollars per share)	$ 3.76	$ 2.78
Net income per common share, diluted (in dollars per share)	$ 3.74	$ 2.73
Average shares outstanding, basic (in shares)	17,073,264	16,890,819
Average shares outstanding, diluted (in shares)	17,156,152	17,185,055

Loans and Allowance for Credit Losses on Loans - Schedule of Allowance for Credit Losses on Financing Receivables After Adoption of ASU 2016-13 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 34,690	$ 35,468	$ 28,072
Provision for credit losses	15,389	(1,472)	(7,270)
Initial ACL on PCD loans	369
Charge-offs	(4,505)	(2,512)	(3,533)
Recoveries	1,250	3,206	3,390
Net recoveries (charge-offs)	(3,255)	694	(143)
Balance at end of period	47,193	34,690	35,468
Cumulative-effect adjustment due to the adoption of ASU 2016-13
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period			14,809
Commercial real estate
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	13,414	15,084	15,413
Provision for credit losses	6,981	(2,273)	(311)
Initial ACL on PCD loans	292
Charge-offs	0	(485)	(1,000)
Recoveries	3	1,088	149
Net recoveries (charge-offs)	3	603	(851)
Balance at end of period	20,690	13,414	15,084
Commercial real estate \| Cumulative-effect adjustment due to the adoption of ASU 2016-13
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period			833
Commercial loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	12,036	9,663	5,703
Provision for credit losses	6,397	3,110	(446)
Initial ACL on PCD loans	72
Charge-offs	(3,796)	(1,728)	(977)
Recoveries	507	991	2,143
Net recoveries (charge-offs)	(3,289)	(737)	1,166
Balance at end of period	15,216	12,036	9,663
Commercial loans \| Cumulative-effect adjustment due to the adoption of ASU 2016-13
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period			3,240
Residential real estate loans
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	7,611	8,185	5,685
Provision for credit losses	1,393	(1,423)	(6,308)
Initial ACL on PCD loans	5
Charge-offs	(192)	(116)	(611)
Recoveries	467	965	732
Net recoveries (charge-offs)	275	849	121
Balance at end of period	9,284	7,611	8,185
Residential real estate loans \| Cumulative-effect adjustment due to the adoption of ASU 2016-13
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period			8,687
Consumer
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	1,629	2,536	1,271
Provision for credit losses	618	(886)	(205)
Initial ACL on PCD loans	0
Charge-offs	(517)	(183)	(945)
Recoveries	273	162	366
Net recoveries (charge-offs)	(244)	(21)	(579)
Balance at end of period	$ 2,003	$ 1,629	2,536
Consumer \| Cumulative-effect adjustment due to the adoption of ASU 2016-13
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period			$ 2,049

Income Taxes (Tables)

12 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Income tax expense as of the dates indicated consisted of:


	Year Ended June 30,
	2023		2022		2021
Current
Federal	$	11,119	$	2,411	$	(340)
State	1,874		730		188
Total current expense (benefit)	12,993		3,141		(152)
Deferred
Federal	(377)		5,992		3,374
State	(56)		592		199

Total deferred expense (benefit)	(433)		6,584		3,573

Total income tax expense	$	12,560	$	9,725	$	3,421

Schedule of Effective Income Tax Rate Reconciliation


	Year Ended June 30,
	2023				2022				2021
	Amount		Rate		Amount		Rate		Amount		Rate
Tax at federal income tax rate	$	12,004	21	%	$	9,529	21	%	$	4,010	21	%
Increase (decrease) resulting from
Tax exempt income	(830)		(1)		(844)		(2)		(911)		(5)

State tax, net of federal benefit	1,417		2		818		2		306		2


Other	(31)		—		222		—		16		—
Total	$	12,560	22	%	$	9,725	21	%	$	3,421	18	%

Schedule of Deferred Tax Assets and Liabilities

The sources and tax effects of temporary differences that give rise to significant portions of the deferred tax assets (liabilities) at June 30, 2023 and 2022 are presented below:



	June 30, 2023		June 30, 2022
Deferred tax assets

Allowance for credit losses	$	11,822	$	8,796
Deferred compensation and post-retirement benefits	8,214		8,407

Impairments on real estate owned	26		61

Net operating loss carryforward	2,806		3,353
Discount from business combinations	974		1,228
Unrealized loss on debt securities held for sale	1,225		718
Share-based compensation expense	1,514		1,860
Operating lease liability	2,513		1,525
Other	1,463		1,127
Total deferred tax assets	30,557		27,075


Deferred tax liabilities
Depreciable basis of fixed assets	(9,992)		(7,874)
Deferred loan costs	(668)		(774)
FHLB stock, book basis in excess of tax	(90)		(89)

BOLI available for redemption	(5,163)		(4,679)
Operating lease ROU asset	(2,253)		(1,343)
Other	(1,479)		(829)
Total deferred tax liabilities	(19,645)		(15,588)
Net deferred tax assets	$	10,912	$	11,487

Merger with Quantum - Schedule of Business Acquisitions, by Acquisition (Details) $ / shares in Units, $ in Thousands	Mar. 30, 2023 USD ($) $ / shares	Feb. 12, 2023 USD ($) shares	Jun. 30, 2023 USD ($)	Feb. 10, 2023 $ / shares	Jun. 30, 2022 USD ($)
Business Acquisition [Line Items]
Goodwill			$ 34,111		$ 25,638
Quantum
Business Acquisition [Line Items]
Shares of Quantum (in shares) \| shares		574,157,000
Exchange ratio		2,394.2000
Shares issued for merger (in shares) \| shares		1,374,647,000,000
Price per share (in dollars per share) \| $ / shares	$ 57.54			$ 27.45
HomeTrust common stock consideration	$ 33,037	$ 37,734
Cash consideration		17,168
Total consideration		54,902
Goodwill		$ 8,473

Goodwill and Core Deposit Intangibles

12 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Core Deposit Intangibles

The carrying amount of the Company's goodwill was $34,111 and $25,638 as of June 30, 2023 and 2022. The increase between periods was a result of the $8,473 in goodwill associated with the Company's merger with Quantum, computed as shown in "Note 3 – Merger with Quantum". The Company also recorded $12,210 of core deposit intangibles associated with the merger with Quantum, to be amortized over the next 10 years on an accelerated basis. Amortization expense related to core deposit intangibles was $1,525, $250, and $735 for the years ended June 30, 2023, 2022, and 2021, respectively. As of June 30, 2023, the estimated amortization expense is as follows:


2024	$	3,048
2025	2,060
2026	1,498
2027	1,104
2028	822
Thereafter	2,246
Total	$	10,778

Debt Securities (Tables)

12 Months Ended

Jun. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

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


	June 30, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
U.S. government agencies	$	15,000	$	—	$	(286)	$	14,714
MBS, residential	110,865		—		(3,451)		107,414
Municipal bonds	3,505		—		(117)		3,388
Corporate bonds	27,881		—		(1,471)		26,410

Total	$	157,251	$	—	$	(5,325)	$	151,926


	June 30, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
U.S. government agencies	$	18,993	$	5	$	(539)	$	18,459
MBS, residential	48,377		3		(1,147)		47,233
Municipal bonds	5,545		31		(18)		5,558
Corporate bonds	57,184		1		(1,457)		55,728

Total	$	130,099	$	40	$	(3,161)	$	126,978

Investments Classified by Contractual Maturity Date


	June 30, 2023
	Amortized Cost		Estimated Fair Value
Due within one year	$	37,881	$	37,060
Due after one year through five years	2,994		2,903
Due after five years through ten years	5,511		4,549
Due after ten years	—		—
MBS, residential	110,865		107,414
Total	$	157,251	$	151,926


	June 30, 2022
	Amortized Cost		Estimated Fair Value
Due within one year	$	35,350	$	34,956
Due after one year through five years	40,325		39,018
Due after five years through ten years	6,047		5,771
Due after ten years	—		—
MBS, residential	48,377		47,233
Total	$	130,099	$	126,978

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


	June 30, 2023
	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	$	—	$	—	$	14,714	$	(286)	$	14,714	$	(286)
MBS, residential	83,281		(1,674)		24,133		(1,777)		107,414		(3,451)
Municipal bonds	2,420		(69)		968		(48)		3,388		(117)
Corporate bonds	607		(143)		25,053		(1,328)		25,660		(1,471)
Total	$	86,308	$	(1,886)	$	64,868	$	(3,439)	$	151,176	$	(5,325)


	June 30, 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	$	14,461	$	(539)	$	—	$	—	$	14,461	$	(539)
MBS, residential	41,658		(994)		5,269		(153)		46,927		(1,147)
Municipal bonds	1,970		(18)		—		—		1,970		(18)
Corporate bonds	39,454		(730)		14,273		(727)		53,727		(1,457)
Total	$	97,543	$	(2,281)	$	19,542	$	(880)	$	117,085	$	(3,161)

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Tax at federal income tax rate	$ 12,004	$ 9,529	$ 4,010
Tax at federal income tax rate, Rate (as a percent)	21.00%	21.00%	21.00%
Tax exempt income	$ (830)	$ (844)	$ (911)
Tax exempt income, Rate (as a percent)	(1.00%)	(2.00%)	(5.00%)
State tax, net of federal benefit	$ 1,417	$ 818	$ 306
State tax, net of federal benefit, Rate (as a percent)	2.00%	2.00%	2.00%
Other	$ (31)	$ 222	$ 16
Other, Rate (as a percent)	0.00%	0.00%	0.00%
Total	$ 12,560	$ 9,725	$ 3,421
Total, Rate (as a percent)	22.00%	21.00%	18.00%

Merger with Quantum - Financing Receivable, Purchased With Credit Deterioration (Details) - Quantum - USD ($) $ in Thousands		5 Months Ended	12 Months Ended
	Feb. 12, 2023	Jun. 30, 2023	Jun. 30, 2023
Business Acquisition [Line Items]
Unpaid principal balance	$ 14,496
ACL	(369)	$ (369)	$ (369)
Non-credit premium (discount)	(1,634)
Fair value of PCD loans at merger date	12,493
Commercial real estate
Business Acquisition [Line Items]
Unpaid principal balance	4,472
ACL	(292)
Non-credit premium (discount)	(1,448)
Fair value of PCD loans at merger date	2,732
Commercial loans
Business Acquisition [Line Items]
Unpaid principal balance	9,631
ACL	(72)
Non-credit premium (discount)	(190)
Fair value of PCD loans at merger date	9,369
Residential real estate loans
Business Acquisition [Line Items]
Unpaid principal balance	393
ACL	(5)
Non-credit premium (discount)	4
Fair value of PCD loans at merger date	392
Consumer
Business Acquisition [Line Items]
Unpaid principal balance	0
ACL	0
Non-credit premium (discount)	0
Fair value of PCD loans at merger date	$ 0

Loans and Allowance for Credit Losses on Loans - Troubled Debt Restructurings on Financing Receivables (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($) loan	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($) loan
Financing Receivable, Modifications
# of Loans \| loan	11	15	24
Pre Modification Outstanding Recorded Investment	$ 648	$ 1,509	$ 5,190
Post Modification Outstanding Recorded Investment	$ 623	$ 1,461	$ 4,135
Below market interest rate
Financing Receivable, Modifications
# of Loans \| loan	7	2	0
Pre Modification Outstanding Recorded Investment	$ 600	$ 399	$ 0
Post Modification Outstanding Recorded Investment	$ 591	$ 380	$ 0
Extended payment terms
Financing Receivable, Modifications
# of Loans \| loan	0	2	2
Pre Modification Outstanding Recorded Investment	$ 0	$ 85	$ 28
Post Modification Outstanding Recorded Investment	$ 0	$ 85	$ 27
Other TDRs
Financing Receivable, Modifications
# of Loans \| loan	4	11	22
Pre Modification Outstanding Recorded Investment	$ 48	$ 1,025	$ 5,162
Post Modification Outstanding Recorded Investment	$ 32	$ 996	$ 4,108
Commercial real estate \| Multifamily \| Other TDRs
Financing Receivable, Modifications
# of Loans \| loan	0	0	1
Pre Modification Outstanding Recorded Investment	$ 0	$ 0	$ 4,408
Post Modification Outstanding Recorded Investment	$ 0	$ 0	$ 3,421
Commercial loans \| Commercial and industrial \| Below market interest rate
Financing Receivable, Modifications
# of Loans \| loan	5	1	0
Pre Modification Outstanding Recorded Investment	$ 569	$ 275	$ 0
Post Modification Outstanding Recorded Investment	$ 565	$ 260	$ 0
Commercial loans \| Commercial and industrial \| Other TDRs
Financing Receivable, Modifications
# of Loans \| loan	0	2	0
Pre Modification Outstanding Recorded Investment	$ 0	$ 840	$ 0
Post Modification Outstanding Recorded Investment	$ 0	$ 826	$ 0
Residential real estate loans \| One-to-four family \| Below market interest rate
Financing Receivable, Modifications
# of Loans \| loan	1	1	0
Pre Modification Outstanding Recorded Investment	$ 21	$ 124	$ 0
Post Modification Outstanding Recorded Investment	$ 17	$ 120	$ 0
Residential real estate loans \| One-to-four family \| Extended payment terms
Financing Receivable, Modifications
# of Loans \| loan	0	1	0
Pre Modification Outstanding Recorded Investment	$ 0	$ 35	$ 0
Post Modification Outstanding Recorded Investment	$ 0	$ 34	$ 0
Residential real estate loans \| One-to-four family \| Other TDRs
Financing Receivable, Modifications
# of Loans \| loan	0	2	4
Pre Modification Outstanding Recorded Investment	$ 0	$ 93	$ 269
Post Modification Outstanding Recorded Investment	$ 0	$ 91	$ 256
Residential real estate loans \| Construction and land development \| Other TDRs
Financing Receivable, Modifications
# of Loans \| loan	0	0	1
Pre Modification Outstanding Recorded Investment	$ 0	$ 0	$ 225
Post Modification Outstanding Recorded Investment	$ 0	$ 0	$ 213
Residential real estate loans \| HELOCs \| Other TDRs
Financing Receivable, Modifications
# of Loans \| loan	0	1	2
Pre Modification Outstanding Recorded Investment	$ 0	$ 18	$ 53
Post Modification Outstanding Recorded Investment	$ 0	$ 18	$ 74
Consumer \| Below market interest rate
Financing Receivable, Modifications
# of Loans \| loan	1	0	0
Pre Modification Outstanding Recorded Investment	$ 10	$ 0	$ 0
Post Modification Outstanding Recorded Investment	$ 9	$ 0	$ 0
Consumer \| Extended payment terms
Financing Receivable, Modifications
# of Loans \| loan	0	1	2
Pre Modification Outstanding Recorded Investment	$ 0	$ 50	$ 28
Post Modification Outstanding Recorded Investment	$ 0	$ 51	$ 27
Consumer \| Other TDRs
Financing Receivable, Modifications
# of Loans \| loan	4	6	14
Pre Modification Outstanding Recorded Investment	$ 48	$ 74	$ 207
Post Modification Outstanding Recorded Investment	$ 32	$ 61	$ 144

Parent Company Only Condensed Financial Information (Tables)

12 Months Ended

Jun. 30, 2023

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheet

The following tables present parent company only condensed financial information:



Condensed Balance Sheets	June 30, 2023		June 30, 2022
Assets
Cash and cash equivalents	$	924	$	6,852






Investment in bank subsidiary	493,289		374,648
ESOP loan receivable	5,630		6,154
Other assets	1,626		1,252
Total assets	$	501,469	$	388,906
Liabilities and stockholders’ equity
Junior subordinated debt	$	9,971	$	—
Revolving line of credit	20,263		—
Other liabilities	49		61
Stockholders’ equity	471,186		388,845
Total liabilities and stockholders’ equity	$	501,469	$	388,906

Condensed Income Statement


	Year Ended June 30,
Condensed Statements of Income	2023		2022		2021
Income
Interest income	$	137	$	149	$	158


Equity in undistributed bank subsidiary income	45,867		36,281		16,246

Total income	46,004		36,430		16,404
Expense
Interest expense - junior subordinated debt	327		—		—
Interest expense - revolving line of credit	663		—		—
Management fee expense	528		516		474


Other	270		261		255
Total expense	1,788		777		729
Income before income taxes	44,216		35,653		15,675
Income tax benefit	(388)		—		—

Net income	$	44,604	$	35,653	$	15,675

Condensed Cash Flow Statement


	Year Ended June 30,
Condensed Statement of Cash Flows	2023		2022		2021
Operating activities
Net income	$	44,604	$	35,653	$	15,675
Adjustments to reconcile net income to net cash provided by operating activities:

Gain on sale of REO	—		(3)		—
Increase in other assets	(348)		(11)		(435)
Equity in undistributed bank subsidiary income	(45,867)		(36,281)		(16,246)
ESOP compensation expense	1,279		1,502		1,125
Share-based compensation expense	1,854		2,152		2,102
Decrease in other liabilities	(256)		(37)		(61)
Net cash provided by operating activities	1,266		2,975		2,160
Investing activities








Increase in investment in bank subsidiary	(1,490)		(1,707)		(1,330)
Dividends from bank subsidiary	15,000		38,389		21,416

ESOP principal payments received	524		511		253
Proceeds from sale of REO	—		146		—

Net cash paid in merger	(15,330)		—		—
Net cash provided by (used in) investing activities	(1,296)		37,339		20,339
Financing activities


Net increase in revolving line of credit	20,263		—		—
Repayment of long-term debt	(24,728)		—		—
Common stock repurchased	—		(43,348)		(16,155)
Cash dividends paid	(6,229)		(5,452)		(5,018)

Retired stock	(344)		(345)		(204)
Exercised stock options	5,140		6,081		4,592
Net cash used in financing activities	(5,898)		(43,064)		(16,785)
Net increase (decrease) in cash and cash equivalents	(5,928)		(2,750)		5,714
Cash and cash equivalents at beginning of period	6,852		9,602		3,888
Cash and cash equivalents at end of period	$	924	$	6,852	$	9,602

Borrowings

12 Months Ended

Jun. 30, 2023

Federal Home Loan Banks [Abstract]

Borrowings

Junior Subordinated Debentures

On February 21, 2007, Quantum formed a Connecticut statutory trust, Quantum Capital Statutory Trust II (the "Trust"), which issued $11,000 of trust preferred securities that were designed to qualify as Tier I capital under Federal Reserve Board guidelines. All of the common securities of the Trust were owned by Quantum. The proceeds from the issuance of the common securities and the trust preferred securities were used by the Trust to purchase $11,341 of junior subordinated debentures of Quantum. As a result of its merger with Quantum on February 12, 2023, HomeTrust became the 100% successor owner of the Trust.

The trust preferred securities accrue and pay quarterly distributions at a floating rate of 3-month LIBOR plus 194 basis points, which was 7.49% at June 30, 2023. Due to the cessation of the publication of 3-month LIBOR as of June 30, 2023, beginning July 1, 2023, the trust preferred securities will accrue and pay quarterly distributions at a floating rate of 3-month Term SOFR plus 2.20%, which was 7.47% at June 30, 2023. The Company has guaranteed distributions and other payments due on the trust preferred securities to the extent the Trust has insufficient funds with which to make the distributions and other payments. The net combined effect of all documents entered into in connection with the trust preferred securities is that the Company is liable to make the distributions and other payments required on the trust preferred securities.

The trust preferred securities are mandatorily redeemable upon maturity of the debentures on March 15, 2037, or upon earlier redemption as provided in the indenture. The Company has the right to redeem the debentures purchased by the Trust, in whole or in part, on or after March 15, 2012. As specified in the indenture, if the debentures are redeemed prior to maturity, the redemption price will be the principal amount and any accrued but unpaid interest.

Other Borrowings

Borrowings, other than junior subordinated debt, consist of the following at the dates indicated:


	June 30, 2023				June 30, 2022
	Balance		Weighted Average Rate		Balance		Weighted Average Rate
FHLB advances (short-term)	$	180,000	5.19	%	$	—	—	%
FRB advances (short-term)	257,000		5.25		—		—
Revolving lines of credit	20,263		8.75		—		—
Total other borrowings	$	457,263	5.38	%	$	—	—	%

All qualifying one-to-four family loans, HELOCs, commercial real estate loans, and FHLB of Atlanta stock are pledged as collateral to secure outstanding FHLB advances while commercial construction, indirect auto, and municipal leases are pledged as collateral to secure outstanding FRB advances. At June 30, 2023 and 2022, the Company had the ability to borrow $22,673 and $277,561, respectively, through FHLB advances and $91,316 and $68,230, respectively, through the unused portion of a line of credit with the FRB. During the year ended June 30, 2021, the Company paid $22,690 in prepayment penalties on FHLB advances. No such penalties were incurred during the years ended June 30, 2023 and 2022.

At June 30, 2023 and 2022, the Company maintained revolving lines of credit with three unaffiliated banks, the unused portion of which totaled $144,737 and $120,000, respectively. At June 30, 2023, HomeTrust had drawn $20,263 on a $40,000 revolving line of credit which bears interest at The Wall Street Journal prime rate plus 50 basis points, maturing on January 30, 2024, although the term may be extended for an additional year two times if no events of default have occurred.

Borrowings (Tables)

12 Months Ended

Jun. 30, 2023

Federal Home Loan Banks [Abstract]

Schedule of Debt

Borrowings, other than junior subordinated debt, consist of the following at the dates indicated:


	June 30, 2023				June 30, 2022
	Balance		Weighted Average Rate		Balance		Weighted Average Rate
FHLB advances (short-term)	$	180,000	5.19	%	$	—	—	%
FRB advances (short-term)	257,000		5.25		—		—
Revolving lines of credit	20,263		8.75		—		—
Total other borrowings	$	457,263	5.38	%	$	—	—	%

Regulatory Capital Matters

12 Months Ended

Jun. 30, 2023

Banking And Thrift, Regulatory Capital Requirements [Abstract]

Regulatory Capital Matters

HomeTrust Bancshares, Inc. is a bank holding company subject to regulation by the Federal Reserve. As a bank holding company, it is subject to capital adequacy requirements of the Federal Reserve under the Bank Holding Company Act of 1956, as amended and the regulations of the Federal Reserve. The Company's subsidiary, the Bank, an FDIC-insured, North Carolina state-chartered bank and a member of the Federal Reserve System, is supervised and regulated by the Federal Reserve and the NCCOB and is subject to minimum capital requirements applicable to state member banks established by the Federal Reserve that are calculated in a manner similar to those applicable to bank holding companies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by bank regulators that, if undertaken, could have a direct material effect on the Company's financial statements.

Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

At June 30, 2023, HomeTrust Bancshares, Inc. and the Bank each exceeded all regulatory capital requirements. Consistent with the Company's goals to operate a sound and profitable organization, its policy is for the Bank to maintain a “well-capitalized” status under the regulatory capital categories of the Federal Reserve. The Bank was categorized as "well-capitalized" at June 30, 2023 under applicable regulatory requirements.

HomeTrust Bancshares, Inc. and the Bank's actual and required minimum capital amounts and ratios are as follows:


					Regulatory Requirements
	Actual				Minimum for Capital Adequacy Purposes				Minimum to Be Well Capitalized
	Amount		Ratio		Amount		Ratio		Amount		Ratio
HomeTrust Bancshares, Inc.
June 30, 2023
CET1 Capital (to risk-weighted assets)	$	437,768	10.60	%	$	185,794	4.50	%	$	268,370	6.50	%
Tier 1 Capital (to total adjusted assets)	447,738		10.39		172,328		4.00		215,411		5.00
Tier 1 Capital (to risk-weighted assets)	447,738		10.84		247,726		6.00		330,301		8.00
Total Risk-based Capital (to risk-weighted assets)	487,298		11.80		330,301		8.00		412,876		10.00

June 30, 2022
CET1 Capital (to risk-weighted assets)	$	372,797	10.76	%	$	155,844	4.50	%	$	225,108	6.50	%
Tier 1 Capital (to total adjusted assets)	372,797		10.50		142,028		4.00		177,535		5.00
Tier 1 Capital (to risk-weighted assets)	372,797		10.76		207,792		6.00		277,057		8.00
Total Risk-based Capital (to risk-weighted assets)	395,962		11.43		277,057		8.00		346,321		10.00

HomeTrust Bank
June 30, 2023
CET1 Capital (to risk-weighted assets)	$	459,871	11.14	%	$	185,791	4.50	%	$	268,365	6.50	%
Tier 1 Capital (to total adjusted assets)	459,871		10.68		172,221		4.00		215,277		5.00
Tier 1 Capital (to risk-weighted assets)	459,871		11.14		247,721		6.00		330,295		8.00
Total Risk-based Capital (to risk-weighted assets)	499,431		12.10		330,295		8.00		412,869		10.00

June 30, 2022
CET1 Capital (to risk-weighted assets)	$	358,600	10.35	%	$	155,844	4.50	%	$	225,108	6.50	%
Tier 1 Capital (to total adjusted assets)	358,600		10.11		141,814		4.00		177,267		5.00
Tier 1 Capital (to risk-weighted assets)	358,600		10.35		207,792		6.00		277,057		8.00
Total Risk-based Capital (to risk-weighted assets)	381,765		11.02		277,057		8.00		346,321		10.00

As permitted by the interim final rule issued on March 27, 2020 by the federal banking regulatory agencies, the Company has elected the option to delay the estimated impact on regulatory capital of ASU 2016-13, which was adopted on July 1, 2020. The initial adoption of ASU 2016-13 as well as 25% of the quarterly increases in the ACL subsequent to adoption (collectively the “transition adjustments”) will be delayed for two years. After two years, the cumulative amount of the transition adjustments will become fixed and will be phased out of the regulatory capital calculations evenly over a three-year period, with 75% recognized in year three, 50% recognized in year four, and 25% recognized in year five. After five years, the temporary regulatory capital benefits will be fully reversed.

In addition to the minimum CET1, Tier 1 and total risk-based capital ratios, both HomeTrust Bancshares, Inc. and the Bank have to maintain a capital conservation buffer consisting of additional CET1 capital of more than 2.50% above the required minimum levels in order to avoid limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses based on percentages of eligible retained income that could be utilized for such actions. As of June 30, 2023, the Company's and Bank's risk-based capital exceeded the required capital contribution buffer.

Dividends paid by HomeTrust Bank are limited, without prior regulatory approval, to current year earnings and earnings less dividends paid during the preceding two years.

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]

Indicates amendment to accounting standards.

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Loans Held For Sale

12 Months Ended

Jun. 30, 2023

Loans Held For Sale

Loans held for sale, at the lower of cost or fair value, consist of the following as of the dates indicated:



	June 30, 2023		June 30, 2022
One-to-four family	$	—	$	4,176
SBA	28,804		14,774
HELOCs	132,899		60,357
Total loans held for sale, at the lower of cost or fair value	$	161,703	$	79,307

The carrying balance of loans held for sale, at fair value, was $6,947 and $0 at June 30, 2023 and June 30, 2022, respectively, while the amortized cost of these loans was $6,902 and $0 at the same dates.

Leases - Maturity Schedule for Operating Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Operating Leases
2024	$ 1,720
2025	1,652
2026	1,538
2027	1,565
2028	1,590
Thereafter	4,662
Total undiscounted minimum lease payments	12,727
Less: amount representing interest	(1,937)
Lease liabilities	$ 10,790	$ 6,641

Loans and Allowance for Credit Losses on Loans (Tables)

12 Months Ended

Jun. 30, 2023