Companies: 10,793     total market cap: $134.237 T
โ‚ฌEUR๐Ÿ‡ช๐Ÿ‡บโ‚นINR๐Ÿ‡ฎ๐Ÿ‡ณยฃGBP๐Ÿ‡ฌ๐Ÿ‡ง$CAD๐Ÿ‡จ๐Ÿ‡ฆ$AUD๐Ÿ‡ฆ๐Ÿ‡บ$NZD๐Ÿ‡ณ๐Ÿ‡ฟ$HKD๐Ÿ‡ญ๐Ÿ‡ฐ$SGD๐Ÿ‡ธ๐Ÿ‡ฌ
HomeTrust Bancshares
HTB
#6473
Rank
$0.75 B
Marketcap
๐Ÿ‡บ๐Ÿ‡ธ United States
Country
$43.04
Share price
0.05%
Change (1 day)
34.71%
Change (1 year)
๐Ÿฆ Banks๐Ÿ’ณ Financial services
Categories
  1. HomeTrust Bancshares
  2. Quarterly Reports (10-Q)
  3. Financial Year FY2023 Q2

HomeTrust Bancshares - 10-Q quarterly report FY2023 Q2


Text size:
00015382636/302023Q2FALSEP1YP3YP3YP3Y00015382632022-07-012023-03-3100015382632023-05-04xbrli:shares00015382632023-03-31iso4217:USD00015382632022-06-30iso4217:USDxbrli:shares00015382632023-01-012023-03-3100015382632022-01-012022-03-3100015382632021-07-012022-03-310001538263us-gaap:CommonStockMember2022-12-310001538263us-gaap:AdditionalPaidInCapitalMember2022-12-310001538263us-gaap:RetainedEarningsMember2022-12-310001538263htbi:UnearnedESOPSharesMember2022-12-310001538263us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-3100015382632022-12-310001538263us-gaap:RetainedEarningsMember2023-01-012023-03-310001538263us-gaap:CommonStockMember2023-01-012023-03-310001538263us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-310001538263htbi:UnearnedESOPSharesMember2023-01-012023-03-310001538263us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-310001538263us-gaap:CommonStockMember2023-03-310001538263us-gaap:AdditionalPaidInCapitalMember2023-03-310001538263us-gaap:RetainedEarningsMember2023-03-310001538263htbi:UnearnedESOPSharesMember2023-03-310001538263us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-310001538263us-gaap:CommonStockMember2021-12-310001538263us-gaap:AdditionalPaidInCapitalMember2021-12-310001538263us-gaap:RetainedEarningsMember2021-12-310001538263htbi:UnearnedESOPSharesMember2021-12-310001538263us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-3100015382632021-12-310001538263us-gaap:RetainedEarningsMember2022-01-012022-03-310001538263us-gaap:CommonStockMember2022-01-012022-03-310001538263us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-310001538263htbi:UnearnedESOPSharesMember2022-01-012022-03-310001538263us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-310001538263us-gaap:CommonStockMember2022-03-310001538263us-gaap:AdditionalPaidInCapitalMember2022-03-310001538263us-gaap:RetainedEarningsMember2022-03-310001538263htbi:UnearnedESOPSharesMember2022-03-310001538263us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-3100015382632022-03-310001538263us-gaap:CommonStockMember2022-06-300001538263us-gaap:AdditionalPaidInCapitalMember2022-06-300001538263us-gaap:RetainedEarningsMember2022-06-300001538263htbi:UnearnedESOPSharesMember2022-06-300001538263us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-300001538263us-gaap:RetainedEarningsMember2022-07-012023-03-310001538263us-gaap:CommonStockMember2022-07-012023-03-310001538263us-gaap:AdditionalPaidInCapitalMember2022-07-012023-03-310001538263htbi:UnearnedESOPSharesMember2022-07-012023-03-310001538263us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-07-012023-03-310001538263us-gaap:CommonStockMember2021-06-300001538263us-gaap:AdditionalPaidInCapitalMember2021-06-300001538263us-gaap:RetainedEarningsMember2021-06-300001538263htbi:UnearnedESOPSharesMember2021-06-300001538263us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-3000015382632021-06-300001538263us-gaap:RetainedEarningsMember2021-07-012022-03-310001538263us-gaap:CommonStockMember2021-07-012022-03-310001538263us-gaap:AdditionalPaidInCapitalMember2021-07-012022-03-310001538263htbi:UnearnedESOPSharesMember2021-07-012022-03-310001538263us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-07-012022-03-310001538263htbi:QuantumMember2023-02-12xbrli:pure00015382632023-02-12htbi:location0001538263htbi:QuantumMember2023-02-122023-02-120001538263htbi:QuantumMember2023-03-310001538263htbi:QuantumMember2023-02-122023-03-310001538263htbi:QuantumMember2023-02-100001538263htbi:QuantumMember2023-03-300001538263htbi:QuantumMember2023-03-302023-03-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:QuantumMember2023-02-122023-02-120001538263us-gaap:CommercialPortfolioSegmentMemberhtbi:QuantumMember2023-02-122023-02-120001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:QuantumMember2023-02-122023-02-120001538263htbi:QuantumMemberus-gaap:ConsumerPortfolioSegmentMember2023-02-122023-02-120001538263htbi:QuantumMember2023-01-012023-03-310001538263htbi:QuantumMember2022-01-012022-03-310001538263htbi:QuantumMember2022-07-012023-03-310001538263htbi:QuantumMember2021-07-012022-03-310001538263us-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-03-310001538263us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-03-310001538263us-gaap:TaxableMunicipalBondsMember2023-03-310001538263us-gaap:CorporateBondSecuritiesMember2023-03-310001538263us-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-06-300001538263us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001538263us-gaap:TaxableMunicipalBondsMember2022-06-300001538263us-gaap:CorporateBondSecuritiesMember2022-06-300001538263us-gaap:CollateralPledgedMember2023-03-310001538263us-gaap:CollateralPledgedMember2022-06-300001538263us-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-03-310001538263us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-03-310001538263us-gaap:TaxableMunicipalBondsMember2023-03-310001538263us-gaap:CorporateBondSecuritiesMember2023-03-310001538263us-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-06-300001538263us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001538263us-gaap:TaxableMunicipalBondsMember2022-06-300001538263us-gaap:CorporateBondSecuritiesMember2022-06-30htbi:security0001538263htbi:OneToFourFamilyLoansMember2023-03-310001538263htbi:OneToFourFamilyLoansMember2022-06-300001538263htbi:SmallBusinessAdministrationLoanMember2023-03-310001538263htbi:SmallBusinessAdministrationLoanMember2022-06-300001538263us-gaap:HomeEquityMember2023-03-310001538263us-gaap:HomeEquityMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263htbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMember2022-06-300001538263us-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263us-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2023-03-310001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2023-03-310001538263us-gaap:ConstructionLoansMemberus-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMember2023-03-310001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2023-03-310001538263us-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMember2023-03-310001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:SubstandardMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:DoubtfulMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:PassMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:SpecialMentionMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:SubstandardMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:EquipmentFinanceMemberus-gaap:DoubtfulMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:PassMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:SpecialMentionMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:SubstandardMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:MunicipalLoansMemberus-gaap:DoubtfulMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMember2023-03-310001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:PassMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SpecialMentionMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SubstandardMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:DoubtfulMember2023-03-310001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:PassMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:SpecialMentionMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMemberhtbi:OneToFourFamilyLoanMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:DoubtfulMember2023-03-310001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberus-gaap:PassMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberus-gaap:SpecialMentionMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMemberhtbi:HELOCsLoanMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberus-gaap:DoubtfulMember2023-03-310001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PassMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SpecialMentionMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:DoubtfulMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2023-03-310001538263us-gaap:PassMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263us-gaap:SpecialMentionMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263us-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263us-gaap:DoubtfulMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMember2022-06-300001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263us-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2022-06-300001538263us-gaap:SubstandardMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMember2022-06-300001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263htbi:CommercialandIndustrialLoanMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:CommercialandIndustrialLoanMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:SubstandardMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:CommercialandIndustrialLoanMemberus-gaap:DoubtfulMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:PassMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:SpecialMentionMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:SubstandardMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:EquipmentFinanceMemberus-gaap:DoubtfulMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:PassMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:SpecialMentionMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:SubstandardMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:MunicipalLoansMemberus-gaap:DoubtfulMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:SubstandardMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMember2022-06-300001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:PassMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SpecialMentionMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SubstandardMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:DoubtfulMember2022-06-300001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:PassMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:SpecialMentionMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMemberhtbi:OneToFourFamilyLoanMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:DoubtfulMember2022-06-300001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberus-gaap:PassMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberus-gaap:SpecialMentionMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMemberhtbi:HELOCsLoanMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberus-gaap:DoubtfulMember2022-06-300001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PassMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SpecialMentionMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SubstandardMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:DoubtfulMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:UnlikelyToBeCollectedFinancingReceivableMember2022-06-300001538263us-gaap:PassMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263us-gaap:SpecialMentionMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263us-gaap:SubstandardMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263us-gaap:DoubtfulMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263us-gaap:UnlikelyToBeCollectedFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:FinancialAsset30To89DaysPastDueMember2023-03-310001538263us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-03-310001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:FinancialAsset30To89DaysPastDueMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:FinancialAsset30To89DaysPastDueMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:FinancialAsset30To89DaysPastDueMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:FinancialAsset30To89DaysPastDueMember2023-03-310001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-03-310001538263htbi:CommercialandIndustrialLoanMemberhtbi:FinancialAsset30To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:FinancialAsset30To89DaysPastDueMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-03-310001538263us-gaap:FinancialAssetNotPastDueMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:FinancialAsset30To89DaysPastDueMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-03-310001538263us-gaap:FinancialAssetNotPastDueMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:FinancialAsset30To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-03-310001538263us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberhtbi:FinancialAsset30To89DaysPastDueMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetPastDueMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberhtbi:FinancialAsset30To89DaysPastDueMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhtbi:OneToFourFamilyLoanMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:FinancialAssetPastDueMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberhtbi:OneToFourFamilyLoanMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberhtbi:FinancialAsset30To89DaysPastDueMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhtbi:HELOCsLoanMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberus-gaap:FinancialAssetPastDueMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberhtbi:HELOCsLoanMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:FinancialAsset30To89DaysPastDueMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-03-310001538263htbi:FinancialAsset30To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-03-310001538263us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263htbi:FinancialAsset30To89DaysPastDueMember2023-03-310001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-03-310001538263us-gaap:FinancialAssetPastDueMember2023-03-310001538263us-gaap:FinancialAssetNotPastDueMember2023-03-310001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:FinancialAsset30To89DaysPastDueMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:FinancialAsset30To89DaysPastDueMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:FinancialAsset30To89DaysPastDueMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:FinancialAsset30To89DaysPastDueMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:FinancialAsset30To89DaysPastDueMember2022-06-300001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001538263htbi:CommercialandIndustrialLoanMemberhtbi:FinancialAsset30To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300001538263htbi:CommercialandIndustrialLoanMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:FinancialAsset30To89DaysPastDueMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300001538263us-gaap:FinancialAssetNotPastDueMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:FinancialAsset30To89DaysPastDueMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300001538263us-gaap:FinancialAssetNotPastDueMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:FinancialAsset30To89DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300001538263us-gaap:FinancialAssetNotPastDueMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberhtbi:FinancialAsset30To89DaysPastDueMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetPastDueMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberhtbi:FinancialAsset30To89DaysPastDueMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhtbi:OneToFourFamilyLoanMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:FinancialAssetPastDueMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberhtbi:OneToFourFamilyLoanMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberhtbi:FinancialAsset30To89DaysPastDueMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberhtbi:HELOCsLoanMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberus-gaap:FinancialAssetPastDueMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMemberhtbi:HELOCsLoanMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:FinancialAsset30To89DaysPastDueMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-06-300001538263htbi:FinancialAsset30To89DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-06-300001538263us-gaap:FinancialAssetNotPastDueMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263htbi:FinancialAsset30To89DaysPastDueMember2022-06-300001538263us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-06-300001538263us-gaap:FinancialAssetPastDueMember2022-06-300001538263us-gaap:FinancialAssetNotPastDueMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-07-012023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-07-012023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-07-012023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-07-012023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMember2022-07-012023-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMember2022-07-012023-03-310001538263htbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2022-07-012023-03-310001538263htbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-07-012023-03-310001538263us-gaap:CommercialPortfolioSegmentMember2022-07-012023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-07-012023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMember2022-07-012023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMember2022-07-012023-03-310001538263us-gaap:ResidentialPortfolioSegmentMember2022-07-012023-03-310001538263us-gaap:ConsumerPortfolioSegmentMember2022-07-012023-03-310001538263us-gaap:PerformingFinancingReceivableMember2023-03-310001538263us-gaap:PerformingFinancingReceivableMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310001538263us-gaap:CommercialPortfolioSegmentMember2022-12-310001538263us-gaap:ResidentialPortfolioSegmentMember2022-12-310001538263us-gaap:ConsumerPortfolioSegmentMember2022-12-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMember2023-01-012023-03-310001538263us-gaap:CommercialPortfolioSegmentMember2023-01-012023-03-310001538263us-gaap:ResidentialPortfolioSegmentMember2023-01-012023-03-310001538263us-gaap:ConsumerPortfolioSegmentMember2023-01-012023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001538263us-gaap:CommercialPortfolioSegmentMember2021-12-310001538263us-gaap:ResidentialPortfolioSegmentMember2021-12-310001538263us-gaap:ConsumerPortfolioSegmentMember2021-12-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMember2022-01-012022-03-310001538263us-gaap:CommercialPortfolioSegmentMember2022-01-012022-03-310001538263us-gaap:ResidentialPortfolioSegmentMember2022-01-012022-03-310001538263us-gaap:ConsumerPortfolioSegmentMember2022-01-012022-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMember2022-03-310001538263us-gaap:CommercialPortfolioSegmentMember2022-03-310001538263us-gaap:ResidentialPortfolioSegmentMember2022-03-310001538263us-gaap:ConsumerPortfolioSegmentMember2022-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMember2021-06-300001538263us-gaap:CommercialPortfolioSegmentMember2021-06-300001538263us-gaap:ResidentialPortfolioSegmentMember2021-06-300001538263us-gaap:ConsumerPortfolioSegmentMember2021-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMember2021-07-012022-03-310001538263us-gaap:CommercialPortfolioSegmentMember2021-07-012022-03-310001538263us-gaap:ResidentialPortfolioSegmentMember2021-07-012022-03-310001538263us-gaap:ConsumerPortfolioSegmentMember2021-07-012022-03-310001538263us-gaap:ResidentialRealEstateMemberus-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:InvestmentRealEstateMember2023-03-310001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:CommercialRealEstateMember2023-03-310001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:BusinessAssetsMember2023-03-310001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UncollateralizedMember2023-03-310001538263us-gaap:ResidentialRealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:InvestmentRealEstateMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:CommercialRealEstateMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:BusinessAssetsMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UncollateralizedMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:ResidentialRealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:InvestmentRealEstateMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:CommercialRealEstateMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:BusinessAssetsMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UncollateralizedMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:ResidentialRealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:InvestmentRealEstateMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:CommercialRealEstateMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:BusinessAssetsMember2023-03-310001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UncollateralizedMember2023-03-310001538263us-gaap:ResidentialRealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:InvestmentRealEstateMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:CommercialRealEstateMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:BusinessAssetsMember2023-03-310001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UncollateralizedMember2023-03-310001538263us-gaap:ResidentialRealEstateMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:CommercialandIndustrialLoanMemberhtbi:InvestmentRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:CommercialandIndustrialLoanMemberhtbi:BusinessAssetsMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:UncollateralizedMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:ResidentialRealEstateMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:EquipmentFinanceMemberhtbi:InvestmentRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:EquipmentFinanceMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:EquipmentFinanceMemberhtbi:BusinessAssetsMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:UncollateralizedMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:ResidentialRealEstateMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:MunicipalLoansMemberhtbi:InvestmentRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:MunicipalLoansMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:MunicipalLoansMemberhtbi:BusinessAssetsMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:UncollateralizedMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:ResidentialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:InvestmentRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263htbi:BusinessAssetsMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:UncollateralizedMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:ResidentialRealEstateMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberhtbi:InvestmentRealEstateMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstateMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberhtbi:BusinessAssetsMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:UncollateralizedMember2023-03-310001538263us-gaap:ResidentialRealEstateMemberus-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberhtbi:InvestmentRealEstateMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:CommercialRealEstateMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberhtbi:BusinessAssetsMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:UncollateralizedMember2023-03-310001538263us-gaap:ResidentialRealEstateMemberus-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberhtbi:InvestmentRealEstateMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberus-gaap:CommercialRealEstateMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberhtbi:BusinessAssetsMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberus-gaap:UncollateralizedMember2023-03-310001538263us-gaap:ResidentialRealEstateMemberus-gaap:ResidentialPortfolioSegmentMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:InvestmentRealEstateMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:BusinessAssetsMember2023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:UncollateralizedMember2023-03-310001538263us-gaap:ResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263htbi:InvestmentRealEstateMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263us-gaap:CommercialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263htbi:BusinessAssetsMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263us-gaap:UncollateralizedMemberus-gaap:ConsumerPortfolioSegmentMember2023-03-310001538263us-gaap:ResidentialRealEstateMember2023-03-310001538263htbi:InvestmentRealEstateMember2023-03-310001538263us-gaap:CommercialRealEstateMember2023-03-310001538263htbi:BusinessAssetsMember2023-03-310001538263us-gaap:UncollateralizedMember2023-03-310001538263us-gaap:ResidentialRealEstateMemberus-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:InvestmentRealEstateMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:BusinessAssetsMember2022-06-300001538263us-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UncollateralizedMember2022-06-300001538263us-gaap:ResidentialRealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:InvestmentRealEstateMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:CommercialRealEstateMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:BusinessAssetsMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UncollateralizedMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2022-06-300001538263us-gaap:ResidentialRealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:InvestmentRealEstateMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:CommercialRealEstateMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:BusinessAssetsMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UncollateralizedMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:ResidentialRealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:InvestmentRealEstateMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:BusinessAssetsMember2022-06-300001538263htbi:MultifamilyLoanMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UncollateralizedMember2022-06-300001538263us-gaap:ResidentialRealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:InvestmentRealEstateMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberhtbi:BusinessAssetsMember2022-06-300001538263us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:UncollateralizedMember2022-06-300001538263us-gaap:ResidentialRealEstateMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:CommercialandIndustrialLoanMemberhtbi:InvestmentRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:CommercialandIndustrialLoanMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:CommercialandIndustrialLoanMemberhtbi:BusinessAssetsMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:CommercialandIndustrialLoanMemberus-gaap:UncollateralizedMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:ResidentialRealEstateMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:EquipmentFinanceMemberhtbi:InvestmentRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:EquipmentFinanceMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:EquipmentFinanceMemberhtbi:BusinessAssetsMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:UncollateralizedMemberhtbi:EquipmentFinanceMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:ResidentialRealEstateMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:MunicipalLoansMemberhtbi:InvestmentRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:MunicipalLoansMemberus-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:MunicipalLoansMemberhtbi:BusinessAssetsMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:UncollateralizedMemberhtbi:MunicipalLoansMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:ResidentialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:InvestmentRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:CommercialRealEstateMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263htbi:BusinessAssetsMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:UncollateralizedMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:ResidentialRealEstateMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberhtbi:InvestmentRealEstateMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:CommercialRealEstateMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberhtbi:BusinessAssetsMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:UncollateralizedMember2022-06-300001538263us-gaap:ResidentialRealEstateMemberus-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberhtbi:InvestmentRealEstateMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:CommercialRealEstateMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberhtbi:BusinessAssetsMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:UncollateralizedMember2022-06-300001538263us-gaap:ResidentialRealEstateMemberus-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberhtbi:InvestmentRealEstateMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberus-gaap:CommercialRealEstateMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberhtbi:BusinessAssetsMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberus-gaap:UncollateralizedMember2022-06-300001538263us-gaap:ResidentialRealEstateMemberus-gaap:ResidentialPortfolioSegmentMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:InvestmentRealEstateMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:BusinessAssetsMember2022-06-300001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:UncollateralizedMember2022-06-300001538263us-gaap:ResidentialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263htbi:InvestmentRealEstateMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263us-gaap:CommercialRealEstateMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263htbi:BusinessAssetsMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263us-gaap:UncollateralizedMemberus-gaap:ConsumerPortfolioSegmentMember2022-06-300001538263us-gaap:ResidentialRealEstateMember2022-06-300001538263htbi:InvestmentRealEstateMember2022-06-300001538263us-gaap:CommercialRealEstateMember2022-06-300001538263htbi:BusinessAssetsMember2022-06-300001538263us-gaap:UncollateralizedMember2022-06-300001538263htbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMemberhtbi:OtherTroubledDebtRestructingMember2023-01-012023-03-31htbi:loan0001538263htbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMemberhtbi:OtherTroubledDebtRestructingMember2022-01-012022-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberhtbi:OtherTroubledDebtRestructingMember2023-01-012023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberhtbi:OtherTroubledDebtRestructingMember2022-01-012022-03-310001538263us-gaap:ConsumerPortfolioSegmentMemberhtbi:OtherTroubledDebtRestructingMember2023-01-012023-03-310001538263us-gaap:ConsumerPortfolioSegmentMemberhtbi:OtherTroubledDebtRestructingMember2022-01-012022-03-310001538263htbi:OtherTroubledDebtRestructingMember2023-01-012023-03-310001538263htbi:OtherTroubledDebtRestructingMember2022-01-012022-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:InterestRateBelowMarketReductionMemberus-gaap:CommercialPortfolioSegmentMember2022-07-012023-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:InterestRateBelowMarketReductionMemberus-gaap:CommercialPortfolioSegmentMember2021-07-012022-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:InterestRateBelowMarketReductionMember2022-07-012023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberus-gaap:InterestRateBelowMarketReductionMember2021-07-012022-03-310001538263us-gaap:InterestRateBelowMarketReductionMember2022-07-012023-03-310001538263us-gaap:InterestRateBelowMarketReductionMember2021-07-012022-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PaymentDeferralMemberhtbi:OneToFourFamilyLoanMember2022-07-012023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PaymentDeferralMemberhtbi:OneToFourFamilyLoanMember2021-07-012022-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PaymentDeferralMemberhtbi:HELOCsLoanMember2022-07-012023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberus-gaap:PaymentDeferralMemberhtbi:HELOCsLoanMember2021-07-012022-03-310001538263us-gaap:PaymentDeferralMember2022-07-012023-03-310001538263us-gaap:PaymentDeferralMember2021-07-012022-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMemberhtbi:OtherTroubledDebtRestructingMember2022-07-012023-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMemberhtbi:OtherTroubledDebtRestructingMember2021-07-012022-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberhtbi:OtherTroubledDebtRestructingMember2022-07-012023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:OneToFourFamilyLoanMemberhtbi:OtherTroubledDebtRestructingMember2021-07-012022-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberhtbi:OtherTroubledDebtRestructingMember2022-07-012023-03-310001538263us-gaap:ResidentialPortfolioSegmentMemberhtbi:HELOCsLoanMemberhtbi:OtherTroubledDebtRestructingMember2021-07-012022-03-310001538263us-gaap:ConsumerPortfolioSegmentMemberhtbi:OtherTroubledDebtRestructingMember2022-07-012023-03-310001538263us-gaap:ConsumerPortfolioSegmentMemberhtbi:OtherTroubledDebtRestructingMember2021-07-012022-03-310001538263htbi:OtherTroubledDebtRestructingMember2022-07-012023-03-310001538263htbi:OtherTroubledDebtRestructingMember2021-07-012022-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:InterestRateBelowMarketReductionMemberus-gaap:CommercialPortfolioSegmentMember2023-01-012023-03-310001538263htbi:CommercialandIndustrialLoanMemberus-gaap:InterestRateBelowMarketReductionMemberus-gaap:CommercialPortfolioSegmentMember2022-01-012022-03-310001538263htbi:QuantumMember2007-02-212007-02-210001538263us-gaap:JuniorSubordinatedDebtMember2007-02-210001538263us-gaap:JuniorSubordinatedDebtMember2022-07-012023-03-310001538263us-gaap:JuniorSubordinatedDebtMember2023-03-310001538263us-gaap:FederalHomeLoanBankAdvancesMember2023-03-310001538263us-gaap:FederalHomeLoanBankAdvancesMember2022-06-300001538263htbi:FRBAdvancesMember2023-03-310001538263htbi:FRBAdvancesMember2022-06-300001538263us-gaap:LineOfCreditMember2023-03-310001538263us-gaap:LineOfCreditMember2022-06-300001538263us-gaap:LineOfCreditMemberhtbi:FRBMember2023-03-310001538263us-gaap:LineOfCreditMemberhtbi:FRBMember2022-06-30htbi:bank0001538263us-gaap:LineOfCreditMemberhtbi:UnaffiliatedBanksMember2022-06-300001538263srt:MinimumMember2023-03-310001538263srt:MaximumMember2023-03-310001538263htbi:A2022OmnibusIncentivePlanMember2023-03-3100015382632020-07-012021-06-3000015382632021-07-012022-06-300001538263us-gaap:EmployeeStockOptionMember2023-03-310001538263us-gaap:EmployeeStockOptionMember2022-07-012023-03-310001538263us-gaap:EmployeeStockOptionMember2022-03-310001538263us-gaap:EmployeeStockOptionMember2021-07-012022-03-310001538263us-gaap:RestrictedStockMember2021-06-300001538263us-gaap:RestrictedStockMember2021-07-012022-03-310001538263us-gaap:RestrictedStockMember2022-03-310001538263us-gaap:RestrictedStockMember2022-06-300001538263us-gaap:RestrictedStockMember2022-07-012023-03-310001538263us-gaap:RestrictedStockMember2023-03-310001538263us-gaap:PerformanceSharesMember2023-03-310001538263us-gaap:PerformanceSharesMember2022-03-310001538263us-gaap:PerformanceSharesMember2022-07-012023-03-310001538263us-gaap:ShareBasedCompensationAwardTrancheOneMemberus-gaap:RestrictedStockMember2022-07-012023-03-310001538263us-gaap:ShareBasedCompensationAwardTrancheTwoMemberus-gaap:RestrictedStockMember2022-07-012023-03-310001538263us-gaap:ShareBasedCompensationAwardTrancheOneMemberus-gaap:RestrictedStockMember2021-07-012022-03-310001538263us-gaap:ShareBasedCompensationAwardTrancheTwoMemberus-gaap:RestrictedStockMember2021-07-012022-03-310001538263us-gaap:ConstructionLoanPayableMember2023-03-310001538263us-gaap:ConstructionLoanPayableMember2022-06-300001538263srt:MinimumMember2022-07-012023-03-310001538263srt:MaximumMember2022-07-012023-03-310001538263srt:MinimumMember2021-07-012022-06-300001538263srt:MaximumMember2021-07-012022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberhtbi:USGovernmentAgenciesMember2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberhtbi:USGovernmentAgenciesMemberus-gaap:FairValueInputsLevel1Member2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberhtbi:USGovernmentAgenciesMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberhtbi:USGovernmentAgenciesMember2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-03-310001538263us-gaap:TaxableMunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2023-03-310001538263us-gaap:TaxableMunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-03-310001538263us-gaap:TaxableMunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:TaxableMunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateBondSecuritiesMember2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CorporateBondSecuritiesMember2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMember2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel1Member2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberhtbi:LoansheldforsaleMember2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberhtbi:LoansheldforsaleMemberus-gaap:FairValueInputsLevel1Member2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberhtbi:LoansheldforsaleMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberhtbi:LoansheldforsaleMemberus-gaap:FairValueInputsLevel3Member2023-03-310001538263us-gaap:FairValueMeasurementsRecurringMemberhtbi:USGovernmentAgenciesMember2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberhtbi:USGovernmentAgenciesMemberus-gaap:FairValueInputsLevel1Member2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberhtbi:USGovernmentAgenciesMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberhtbi:USGovernmentAgenciesMember2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2022-06-300001538263us-gaap:TaxableMunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMember2022-06-300001538263us-gaap:TaxableMunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-06-300001538263us-gaap:TaxableMunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263us-gaap:TaxableMunicipalBondsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CorporateBondSecuritiesMember2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CorporateBondSecuritiesMember2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMember2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263us-gaap:FairValueMeasurementsRecurringMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueInputsLevel3Member2022-06-300001538263us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialPortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CommercialPortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialPortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialPortfolioSegmentMemberhtbi:CommercialRealEstateLoanOwnerOccupiedMember2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialPortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CommercialPortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:CommercialPortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialPortfolioSegmentMemberhtbi:CommercialRealEstateLoanNonOwnerOccupiedMember2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialPortfolioSegmentMember2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMember2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2023-03-310001538263us-gaap:FairValueMeasurementsNonrecurringMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:FairValueMeasurementsNonrecurringMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:FairValueInputsLevel1Memberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263us-gaap:FairValueMeasurementsNonrecurringMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263us-gaap:FairValueMeasurementsNonrecurringMemberhtbi:CommercialandIndustrialLoanMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CommercialPortfolioSegmentMember2022-06-300001538263srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberhtbi:LoansReceivableREOMemberhtbi:MeasurementInputCollateralDiscountRateMember2023-03-310001538263srt:MaximumMemberus-gaap:FairValueInputsLevel3Memberhtbi:LoansReceivableREOMemberhtbi:MeasurementInputCollateralDiscountRateMember2023-03-310001538263htbi:MeasurementInputDiscountSpreadMembersrt:MinimumMemberus-gaap:FairValueInputsLevel3Memberhtbi:LoansReceivableREOMember2023-03-310001538263htbi:MeasurementInputDiscountSpreadMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberhtbi:LoansReceivableREOMember2023-03-310001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:CashAndInterestBearingDepositsMember2023-03-310001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:CashAndInterestBearingDepositsMember2023-03-310001538263us-gaap:FairValueInputsLevel1Memberhtbi:CashAndInterestBearingDepositsMember2023-03-310001538263htbi:CashAndInterestBearingDepositsMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueInputsLevel3Memberhtbi:CashAndInterestBearingDepositsMember2023-03-310001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:CertificatesofdepositinotherbanksMember2023-03-310001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:CertificatesofdepositinotherbanksMember2023-03-310001538263us-gaap:FairValueInputsLevel1Memberhtbi:CertificatesofdepositinotherbanksMember2023-03-310001538263htbi:CertificatesofdepositinotherbanksMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueInputsLevel3Memberhtbi:CertificatesofdepositinotherbanksMember2023-03-310001538263htbi:SecuritiesavailableforsaleMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-03-310001538263htbi:SecuritiesavailableforsaleMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-03-310001538263htbi:SecuritiesavailableforsaleMemberus-gaap:FairValueInputsLevel1Member2023-03-310001538263htbi:SecuritiesavailableforsaleMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263htbi:SecuritiesavailableforsaleMemberus-gaap:FairValueInputsLevel3Member2023-03-310001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:FederalHomeLoanBankStockMember2023-03-310001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:SmallBusinessInvestmentCompanyFundsMember2023-03-310001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:SmallBusinessInvestmentCompanyFundsMember2023-03-310001538263us-gaap:FairValueInputsLevel1Memberhtbi:SmallBusinessInvestmentCompanyFundsMember2023-03-310001538263htbi:SmallBusinessInvestmentCompanyFundsMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueInputsLevel3Memberhtbi:SmallBusinessInvestmentCompanyFundsMember2023-03-310001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:LoansHeldForSaleFairValueMember2023-03-310001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:LoansHeldForSaleFairValueMember2023-03-310001538263us-gaap:FairValueInputsLevel1Memberhtbi:LoansHeldForSaleFairValueMember2023-03-310001538263htbi:LoansHeldForSaleFairValueMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueInputsLevel3Memberhtbi:LoansHeldForSaleFairValueMember2023-03-310001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:LoansHeldForSaleAtLowerOfCostOrFairValueMember2023-03-310001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:LoansHeldForSaleAtLowerOfCostOrFairValueMember2023-03-310001538263us-gaap:FairValueInputsLevel1Memberhtbi:LoansHeldForSaleAtLowerOfCostOrFairValueMember2023-03-310001538263htbi:LoansHeldForSaleAtLowerOfCostOrFairValueMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueInputsLevel3Memberhtbi:LoansHeldForSaleAtLowerOfCostOrFairValueMember2023-03-310001538263htbi:LoansNetMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-03-310001538263htbi:LoansNetMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-03-310001538263htbi:LoansNetMemberus-gaap:FairValueInputsLevel1Member2023-03-310001538263htbi:LoansNetMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263htbi:LoansNetMemberus-gaap:FairValueInputsLevel3Member2023-03-310001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:AccruedinterestreceivableMember2023-03-310001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:AccruedinterestreceivableMember2023-03-310001538263htbi:AccruedinterestreceivableMemberus-gaap:FairValueInputsLevel1Member2023-03-310001538263htbi:AccruedinterestreceivableMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263htbi:AccruedinterestreceivableMemberus-gaap:FairValueInputsLevel3Member2023-03-310001538263htbi:NoninterestBearingAndNOWDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-03-310001538263htbi:NoninterestBearingAndNOWDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-03-310001538263htbi:NoninterestBearingAndNOWDepositsMemberus-gaap:FairValueInputsLevel1Member2023-03-310001538263htbi:NoninterestBearingAndNOWDepositsMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263htbi:NoninterestBearingAndNOWDepositsMemberus-gaap:FairValueInputsLevel3Member2023-03-310001538263htbi:MoneyMarketAccountsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-03-310001538263htbi:MoneyMarketAccountsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-03-310001538263htbi:MoneyMarketAccountsMemberus-gaap:FairValueInputsLevel1Member2023-03-310001538263htbi:MoneyMarketAccountsMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263htbi:MoneyMarketAccountsMemberus-gaap:FairValueInputsLevel3Member2023-03-310001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:SavingsAccountsMember2023-03-310001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:SavingsAccountsMember2023-03-310001538263htbi:SavingsAccountsMemberus-gaap:FairValueInputsLevel1Member2023-03-310001538263htbi:SavingsAccountsMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263htbi:SavingsAccountsMemberus-gaap:FairValueInputsLevel3Member2023-03-310001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:CertificatesOfDepositMember1Member2023-03-310001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:CertificatesOfDepositMember1Member2023-03-310001538263us-gaap:FairValueInputsLevel1Memberhtbi:CertificatesOfDepositMember1Member2023-03-310001538263htbi:CertificatesOfDepositMember1Memberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueInputsLevel3Memberhtbi:CertificatesOfDepositMember1Member2023-03-310001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:JuniorSubordinatedDebtMember2023-03-310001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:JuniorSubordinatedDebtMember2023-03-310001538263us-gaap:FairValueInputsLevel1Memberus-gaap:JuniorSubordinatedDebtMember2023-03-310001538263us-gaap:JuniorSubordinatedDebtMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263us-gaap:FairValueInputsLevel3Memberus-gaap:JuniorSubordinatedDebtMember2023-03-310001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:OtherBorrowingsMember2023-03-310001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:OtherBorrowingsMember2023-03-310001538263htbi:OtherBorrowingsMemberus-gaap:FairValueInputsLevel1Member2023-03-310001538263htbi:OtherBorrowingsMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263htbi:OtherBorrowingsMemberus-gaap:FairValueInputsLevel3Member2023-03-310001538263htbi:AccruedInterestPayableMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-03-310001538263htbi:AccruedInterestPayableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-03-310001538263htbi:AccruedInterestPayableMemberus-gaap:FairValueInputsLevel1Member2023-03-310001538263htbi:AccruedInterestPayableMemberus-gaap:FairValueInputsLevel2Member2023-03-310001538263htbi:AccruedInterestPayableMemberus-gaap:FairValueInputsLevel3Member2023-03-310001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:CashAndInterestBearingDepositsMember2022-06-300001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:CashAndInterestBearingDepositsMember2022-06-300001538263us-gaap:FairValueInputsLevel1Memberhtbi:CashAndInterestBearingDepositsMember2022-06-300001538263htbi:CashAndInterestBearingDepositsMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263us-gaap:FairValueInputsLevel3Memberhtbi:CashAndInterestBearingDepositsMember2022-06-300001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:CommercialPaperMember2022-06-300001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CommercialPaperMember2022-06-300001538263us-gaap:FairValueInputsLevel1Memberus-gaap:CommercialPaperMember2022-06-300001538263us-gaap:CommercialPaperMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263us-gaap:FairValueInputsLevel3Memberus-gaap:CommercialPaperMember2022-06-300001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:CertificatesofdepositinotherbanksMember2022-06-300001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:CertificatesofdepositinotherbanksMember2022-06-300001538263us-gaap:FairValueInputsLevel1Memberhtbi:CertificatesofdepositinotherbanksMember2022-06-300001538263htbi:CertificatesofdepositinotherbanksMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263us-gaap:FairValueInputsLevel3Memberhtbi:CertificatesofdepositinotherbanksMember2022-06-300001538263htbi:SecuritiesavailableforsaleMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300001538263htbi:SecuritiesavailableforsaleMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-300001538263htbi:SecuritiesavailableforsaleMemberus-gaap:FairValueInputsLevel1Member2022-06-300001538263htbi:SecuritiesavailableforsaleMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263htbi:SecuritiesavailableforsaleMemberus-gaap:FairValueInputsLevel3Member2022-06-300001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:FederalHomeLoanBankStockMember2022-06-300001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:SmallBusinessInvestmentCompanyFundsMember2022-06-300001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:SmallBusinessInvestmentCompanyFundsMember2022-06-300001538263us-gaap:FairValueInputsLevel1Memberhtbi:SmallBusinessInvestmentCompanyFundsMember2022-06-300001538263htbi:SmallBusinessInvestmentCompanyFundsMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263us-gaap:FairValueInputsLevel3Memberhtbi:SmallBusinessInvestmentCompanyFundsMember2022-06-300001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:LoansheldforsaleMember2022-06-300001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:LoansheldforsaleMember2022-06-300001538263htbi:LoansheldforsaleMemberus-gaap:FairValueInputsLevel1Member2022-06-300001538263htbi:LoansheldforsaleMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263us-gaap:FairValueInputsLevel3Memberhtbi:LoansheldforsaleMember2022-06-300001538263htbi:LoansNetMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300001538263htbi:LoansNetMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-300001538263htbi:LoansNetMemberus-gaap:FairValueInputsLevel1Member2022-06-300001538263htbi:LoansNetMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263htbi:LoansNetMemberus-gaap:FairValueInputsLevel3Member2022-06-300001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:AccruedinterestreceivableMember2022-06-300001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:AccruedinterestreceivableMember2022-06-300001538263htbi:AccruedinterestreceivableMemberus-gaap:FairValueInputsLevel1Member2022-06-300001538263htbi:AccruedinterestreceivableMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263htbi:AccruedinterestreceivableMemberus-gaap:FairValueInputsLevel3Member2022-06-300001538263htbi:NoninterestBearingAndNOWDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300001538263htbi:NoninterestBearingAndNOWDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-300001538263htbi:NoninterestBearingAndNOWDepositsMemberus-gaap:FairValueInputsLevel1Member2022-06-300001538263htbi:NoninterestBearingAndNOWDepositsMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263htbi:NoninterestBearingAndNOWDepositsMemberus-gaap:FairValueInputsLevel3Member2022-06-300001538263htbi:MoneyMarketAccountsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300001538263htbi:MoneyMarketAccountsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-300001538263htbi:MoneyMarketAccountsMemberus-gaap:FairValueInputsLevel1Member2022-06-300001538263htbi:MoneyMarketAccountsMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263htbi:MoneyMarketAccountsMemberus-gaap:FairValueInputsLevel3Member2022-06-300001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:SavingsAccountsMember2022-06-300001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:SavingsAccountsMember2022-06-300001538263htbi:SavingsAccountsMemberus-gaap:FairValueInputsLevel1Member2022-06-300001538263htbi:SavingsAccountsMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263htbi:SavingsAccountsMemberus-gaap:FairValueInputsLevel3Member2022-06-300001538263us-gaap:CarryingReportedAmountFairValueDisclosureMemberhtbi:CertificatesOfDepositMember1Member2022-06-300001538263us-gaap:EstimateOfFairValueFairValueDisclosureMemberhtbi:CertificatesOfDepositMember1Member2022-06-300001538263us-gaap:FairValueInputsLevel1Memberhtbi:CertificatesOfDepositMember1Member2022-06-300001538263htbi:CertificatesOfDepositMember1Memberus-gaap:FairValueInputsLevel2Member2022-06-300001538263us-gaap:FairValueInputsLevel3Memberhtbi:CertificatesOfDepositMember1Member2022-06-300001538263htbi:AccruedInterestPayableMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-300001538263htbi:AccruedInterestPayableMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-300001538263htbi:AccruedInterestPayableMemberus-gaap:FairValueInputsLevel1Member2022-06-300001538263htbi:AccruedInterestPayableMemberus-gaap:FairValueInputsLevel2Member2022-06-300001538263htbi:AccruedInterestPayableMemberus-gaap:FairValueInputsLevel3Member2022-06-30

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒            QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2023

☐            TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to ________

Commission file number:     001-35593

HOMETRUST BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
Maryland
          45-5055422
(State or other jurisdiction of incorporation of organization)(I.R.S. Employer Identification No.)

10 Woodfin Street, Asheville, North Carolina 28801
(Address of principal executive offices; Zip Code)

(828) 259-3939
(Registrant's telephone number, including area code)

None
(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $.01 per share
HTBIThe NASDAQ Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 and 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.        Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer ☐      
Accelerated filer ☒
Non-accelerated filer   ☐
Smaller reporting company ☐
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes ☐ No ☒
There were 17,370,063 shares of common stock, par value of $0.01 per share, issued and outstanding as of May 4, 2023.


HOMETRUST BANCSHARES, INC. AND SUBSIDIARIES
10-Q
TABLE OF CONTENTS
 Page
Number
 
Item 1.  
  
3
  
4
  
5
  
6
  
8
  
10
  
Item 2. 
36
  
Item 3. 
49
  
Item 4. 
49
  
 
  
Item 1. 
49
  
Item 1A. 
49
  
Item 2. 
49
  
Item 3. 
49
  
Item 4. 
50
  
Item 5 
50
  
Item 6. 
50
  
52

1

Glossary of Defined Terms
The following terms may be used throughout this Form 10-Q, including the Notes to Consolidated Financial Statements in Item 1 and Management's Discussion and Analysis of Financial Condition and Results of Operations in Item 2 of this Form 10-Q.
TermDefinition
ACLAllowance for Credit Losses
AFSAvailable-For-Sale
ASCAccounting Standards Codification
ASUAccounting Standards Update
BOLIBank Owned Life Insurance
CARES Act
Coronavirus Aid, Relief, and Economic Security Act of 2020
CD
Certificate of Deposit
CDACollateral Dependent Asset
CECLCurrent Expected Credit Losses
CET1
Common Equity Tier 1
COVID-19
Coronavirus Disease 2019
CPI
Consumer Price Index
DCFDiscounted Cash Flow
EPSEarnings Per Share
ESOPEmployee Stock Ownership Plan
FASBFinancial Accounting Standards Board
FDICFederal Deposit Insurance Corporation
Federal ReserveBoard of Governors of the Federal Reserve System
FHLB or FHLB of AtlantaFederal Home Loan Bank
FRBFederal Reserve Bank of Richmond
GSEGovernment-Sponsored Enterprises
HELOCHome Equity Line of Credit
IRLCInterest Rate Lock Commitments
LIBORLondon Interbank Offered Rate
MBS
Mortgage-Backed Securities
NCCOB
North Carolina Office of the Commissioner of Banks
PCDPurchased Financial Assets with Credit Deterioration
PPPPaycheck Protection Program
QuantumQuantum Capital Corp. and its wholly owned subsidiary, Quantum National Bank
REOReal Estate Owned
ROAReturn on Assets
ROEReturn on Equity
ROURight of Use
RSURestricted Stock Unit
SBAU.S. Small Business Administration
SBICSmall Business Investment Companies
SEC
Securities and Exchange Commission
TBATo-be-announced
TDRTroubled Debt Restructuring
US GAAP
Generally Accepted Accounting Principles in the United States

2

PART I.  FINANCIAL INFORMATION
Item 1.    Financial Statements
HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Consolidated Balance Sheets
(Dollars in thousands, except per share data)
(Unaudited)
March 31, 2023
June 30, 2022
Assets
Cash$18,262 $20,910 
Interest-bearing deposits296,151 84,209 
Cash and cash equivalents314,413 105,119 
Commercial paper, net— 194,427 
Certificates of deposit in other banks33,102 23,551 
Debt securities available for sale, at fair value (amortized cost of $158,658 and $130,099 at March 31, 2023 and June 30, 2022, respectively)
154,718 126,978 
FHLB and FRB stock19,125 9,326 
SBIC investments, at cost13,620 12,758 
Loans held for sale, at fair value1,209 — 
Loans held for sale, at the lower of cost or fair value89,172 79,307 
Total loans, net of deferred loan fees and costs3,649,333 2,769,295 
Allowance for credit losses – loans(47,503)(34,690)
Loans, net3,601,830 2,734,605 
Premises and equipment, net74,107 69,094 
Accrued interest receivable13,813 8,573 
Deferred income taxes, net10,894 11,487 
BOLI105,952 95,281 
Goodwill33,682 25,638 
Core deposit intangibles, net11,637 93 
Other assets49,596 52,967 
Total assets$4,526,870 $3,549,204 
Liabilities and stockholders' equity  
Liabilities  
Deposits$3,675,599 $3,099,761 
Junior subordinated debt9,945 — 
Borrowings320,263 — 
Other liabilities62,821 60,598 
Total liabilities4,068,628 3,160,359 
Commitments and contingencies – See Note 12
Stockholders' equity  
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding
— — 
Common stock, $0.01 par value, 60,000,000 shares authorized, 17,370,063 shares issued and outstanding at March 31, 2023; 15,591,466 at June 30, 2022
174 156 
Additional paid in capital170,670 126,106 
Retained earnings295,325 270,276 
Unearned ESOP shares(4,893)(5,290)
Accumulated other comprehensive loss(3,034)(2,403)
Total stockholders' equity458,242 388,845 
Total liabilities and stockholders' equity$4,526,870 $3,549,204 
The accompanying notes are an integral part of these consolidated financial statements.
3

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Consolidated Statements of Income
(Dollars in thousands, except per share data)
(Unaudited)
Three Months EndedNine Months Ended
March 31,March 31,
2023202220232022
Interest and dividend income
Loans$47,908 $26,616 $120,148 $81,440 
Commercial paper— 411 1,300 869 
Debt securities available for sale1,183 384 3,012 1,319 
Other investments and interest-bearing deposits1,575 784 3,535 2,360 
Total interest and dividend income50,666 28,195 127,995 85,988 
Interest expense   
Deposits7,864 1,151 12,862 4,028 
Junior subordinated debt109 — 109 — 
Borrowings1,239 4 1,505 45 
Total interest expense9,212 1,155 14,476 4,073 
Net interest income41,454 27,040 113,519 81,915 
Provision (benefit) for credit losses8,760 (45)14,987 (4,005)
Net interest income after provision (benefit) for credit losses32,694 27,085 98,532 85,920 
Noninterest income   
Service charges and fees on deposit accounts2,256 2,216 7,117 7,101 
Loan income and fees562 752 1,779 2,536 
Gain on sale of loans held for sale1,811 2,969 4,499 10,927 
BOLI income522 492 1,543 1,500 
Operating lease income1,505 1,661 4,246 4,920 
Gain (loss) on sale of premises and equipment900 — 2,015 (87)
Other754 857 2,963 2,496 
Total noninterest income8,310 8,947 24,162 29,393 
Noninterest expense   
Salaries and employee benefits16,246 14,730 45,545 44,882 
Occupancy expense, net2,467 2,483 7,291 7,201 
Computer services2,911 2,686 8,470 7,817 
Telephone, postage, and supplies613 623 1,791 1,946 
Marketing and advertising372 573 1,443 2,110 
Deposit insurance premiums612 412 1,700 1,280 
Core deposit intangible amortization606 50 666 208 
Merger-related expenses4,741 — 5,465 — 
Other4,265 4,242 12,627 12,194 
Total noninterest expense32,833 25,799 84,998 77,638 
Net income before income taxes8,171 10,233 37,696 37,675 
Income tax expense1,437 2,210 8,105 8,047 
Net income$6,734 $8,023 $29,591 $29,628 
Per share data   
Net income per common share    
Basic$0.40 $0.51 $1.91 $1.87 
Diluted$0.40 $0.51 $1.90 $1.84 
Average shares outstanding    
Basic16,021,994 15,523,813 15,341,222 15,666,093 
Diluted16,077,116 15,793,012 15,449,060 15,997,377 
The accompanying notes are an integral part of these consolidated financial statements.
4

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Consolidated Statements of Comprehensive Income
(Dollars in thousands)
(Unaudited)
Three Months EndedNine Months Ended
March 31,March 31,
 2023202220232022
Net income$6,734 $8,023 $29,591 $29,628 
Other comprehensive income (loss)   
  Unrealized holding gains (losses) on debt securities available for sale    
Gains (losses) arising during the period908 (2,595)(819)(3,781)
Deferred income tax benefit (expense)(209)598 188 870 
Total other comprehensive income (loss)699 (1,997)(631)(2,911)
Comprehensive income$7,433 $6,026 $28,960 $26,717 
The accompanying notes are an integral part of these consolidated financial statements.
5

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Consolidated Statements of Changes in Stockholders' Equity
(Dollars in thousands)
(Unaudited)
Three Months Ended March 31, 2023
Common StockAdditional
Paid In
Capital		Retained
Earnings		Unearned
ESOP
Shares		Accumulated
Other
Comprehensive
Loss		Total
Stockholders'
Equity
SharesAmount
Balance at December 31, 2022
15,673,595 $157 $128,486 $290,271 $(5,026)$(3,733)$410,155 
Net income— — — 6,734 — — 6,734 
Cash dividends declared on common stock, $0.10/ common share
— — — (1,680)— — (1,680)
Retired stock(9,066)— (249)— — — (249)
Granted restricted stock53,339 — — — — — — 
Stock issued for Quantum merger1,374,646 14 37,720 — — — 37,734 
Exercised stock options277,549 3 4,063 — — — 4,066 
Share-based compensation expense— — 434 — — — 434 
ESOP compensation expense— — 216 — 133 — 349 
Other comprehensive income— — — — — 699 699 
Balance at March 31, 202317,370,063 $174 $170,670 $295,325 $(4,893)$(3,034)$458,242 
(Unaudited)
Three Months Ended March 31, 2022
Common StockAdditional
Paid In
Capital		Retained
Earnings		Unearned
ESOP
Shares		Accumulated
Other
Comprehensive
Loss		Total
Stockholders'
Equity
SharesAmount
Balance at December 31, 2021
16,303,461 $163 $147,552 $258,986 $(5,555)$600 $401,746 
Net income— — — 8,023 — — 8,023 
Cash dividends declared on common stock, $0.09/common share
— — — (1,400)— — (1,400)
Common stock repurchased(419,931)(4)(12,911)— — — (12,915)
Forfeited restricted stock(2,600)— — — — — — 
Retired stock(8,627)— (270)— — — (270)
Granted restricted stock40,123 — — — — — — 
Exercised stock options65,836 1 1,038 — — — 1,039 
Share-based compensation expense— — 507 — — — 507 
ESOP compensation expense— — 265 — 133 — 398 
Other comprehensive loss— — — — — (1,997)(1,997)
Balance at March 31, 202215,978,262 $160 $136,181 $265,609 $(5,422)$(1,397)$395,131 











6

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Consolidated Statements of Changes in Stockholders' Equity (Continued)
(Dollars in thousands)
(Unaudited)
Nine Months Ended March 31, 2023
Common StockAdditional
Paid In
Capital		Retained
Earnings		Unearned
ESOP
Shares		Accumulated
Other
Comprehensive
Loss		Total
Stockholders'
Equity
SharesAmount
Balance at June 30, 202215,591,466 $156 $126,106 $270,276 $(5,290)$(2,403)$388,845 
Net income— — — 29,591 — — 29,591 
Cash dividends declared on common stock, $0.29/common share
— — — (4,542)— — (4,542)
Forfeited restricted stock(6,200)— — — — — — 
Retired stock(13,145)— (344)— — — (344)
Granted restricted stock57,839 — — — — — — 
Stock issued for RSUs13,861 — — — — — — 
Stock issued for Quantum merger1,374,646 14 37,720 — — — 37,734 
Exercised stock options351,596 4 5,127 — — — 5,131 
Share-based compensation expense— — 1,465 — — — 1,465 
ESOP compensation expense— — 596 — 397 — 993 
Other comprehensive loss— — — — — (631)(631)
Balance at March 31, 2023
17,370,063 $174 $170,670 $295,325 $(4,893)$(3,034)$458,242 
(Unaudited)
Nine Months Ended March 31, 2022
Common StockAdditional
Paid In
Capital		Retained
Earnings		Unearned
ESOP
Shares		Accumulated
Other
Comprehensive
Loss		Total
Stockholders'
Equity
SharesAmount
Balance at June 30, 202116,636,483 $167 $160,582 $240,075 $(5,819)$1,514 $396,519 
Net income— — — 29,628 — — 29,628 
Cash dividends declared on common stock, $0.26/common share
— — — (4,094)— — (4,094)
Common stock repurchased(1,095,763)(11)(32,307)— — — (32,318)
Forfeited restricted stock(12,000)— — — — — — 
Retired stock(11,335)— (345)— — — (345)
Granted restricted stock40,123 — — — — — — 
Stock issued for RSUs7,118 — — — — — — 
Exercised stock options413,636 4 6,077 — — — 6,081 
Share-based compensation expense— — 1,407 — — — 1,407 
ESOP compensation expense— — 767 — 397 — 1,164 
Other comprehensive loss— — — — — (2,911)(2,911)
Balance at March 31, 2022
15,978,262 $160 $136,181 $265,609 $(5,422)$(1,397)$395,131 
The accompanying notes are an integral part of these consolidated financial statements.
7

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Consolidated Statements of Cash Flows
(Dollars in thousands)
(Unaudited)
Nine Months Ended March 31,
 20232022
Operating activities
Net income$29,591 $29,628 
Adjustments to reconcile net income to net cash provided by operating activities:
Provision (benefit) for credit losses14,987 (4,005)
Depreciation and amortization of premises and equipment and equipment for operating leases6,669 7,107 
Deferred income tax (benefit) expense(559)5,277 
Net accretion of purchase accounting adjustments on loans(725)(1,283)
Net amortization and accretion3,213 1,582 
Loss (gain) from sale of premises and equipment(2,015)87 
Gain on sale of REO78 7 
Loss incurred at the end of operating leases172 17 
BOLI income(1,543)(1,500)
Gain on sale of loans held for sale(4,499)(10,927)
Origination of loans held for sale(196,695)(387,252)
Proceeds from sale of loans held for sale178,007 402,161 
New deferred loan origination fees, net(3,039)(640)
Decrease in accrued interest receivable and other assets(1,537)(3,612)
ESOP compensation expense993 1,164 
Share-based compensation expense1,465 1,407 
Decrease in other liabilities(3,656)(971)
Net cash provided by operating activities20,907 38,247 
Investing activities  
Purchases of debt securities available for sale(66,994)(9,762)
Proceeds from maturities, calls and paydowns of debt securities available for sale49,221 55,600 
Purchases of commercial paper(210,292)(463,446)
Proceeds from maturities and calls of commercial paper406,269 340,999 
Purchases of CDs in other banks(15,676)(996)
Proceeds from maturities of CDs in other banks6,125 12,993 
Net (purchases) redemptions of FHLB and FRB stock(8,674)3,087 
Net capital contributions in SBIC investments, at cost(862)(2,417)
Net (increase) decrease in loans(305,363)39,394 
Purchase of BOLI(62)(132)
Purchase of equipment for operating leases(5,337)(2,888)
Sale of equipment for operating leases4,120 5,981 
Purchase of premises and equipment(3,240)(6,043)
Proceeds from sale of premises and equipment and assets held for sale7,534 2,322 
Proceeds from sale of REO1 181 
Net cash received in merger30,601 — 
Net cash used in investing activities(112,629)(25,127)






8

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Consolidated Statements of Cash Flows (Continued)
(Dollars in thousands)
(Unaudited)
Nine Months Ended March 31,
 20232022
Financing activities  
Net increase in deposits5,236 103,616 
Net increase in revolving lines of credit20,263 — 
Net increase (decrease) in short-term borrowings300,000 (115,000)
Proceeds from long-term borrowings— 60,000 
Repayment of long-term borrowings(24,728)(30,000)
Common stock repurchased— (32,318)
Cash dividends paid(4,542)(4,094)
Retired stock(344)(345)
Exercised stock options5,131 6,081 
Net cash provided by (used in) financing activities301,016 (12,060)
Net increase in cash and cash equivalents209,294 1,060 
Cash and cash equivalents at beginning of period105,119 50,990 
Cash and cash equivalents at end of period$314,413 $52,050 
Supplemental disclosures
Cash paid during the period for:
Interest$12,854 $4,080 
Income taxes5,931 269 
Noncash transactions  
Unrealized loss in value of debt securities available for sale, net of income taxes$(631)$(2,911)
Transfer of loans held for sale to loans held for investment14,298 19,032 
Transfer of loans held for investment to loans held for sale— 12,827 
ROU asset and lease liabilities for operating lease accounting2,108 1,186 
Transfer of premises and equipment to assets held for sale (included in other assets)— 3,229 
Business combinations
Fair value of assets acquired$664,840 $— 
Fair value of liabilities assumed609,938 — 
Net assets acquired$54,902 $— 
The accompanying notes are an integral part of these consolidated financial statements.
9

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)

1.    Summary of Significant Accounting Policies
The consolidated unaudited 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, Greensboro/"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.
The accompanying unaudited consolidated financial statements have been prepared in accordance with US GAAP for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the SEC. Accordingly, they do not include all the information and footnotes required by US GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. It is recommended that these unaudited interim consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended June 30, 2022 ("2022 Form 10-K") filed with the SEC on September 12, 2022. The results of operations for the nine months ended March 31, 2023 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2023.
The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements. Various elements of the Company's accounting policies, by their nature, are inherently subject to estimation techniques, valuation assumptions, and other subjective assessments. In particular, management has identified the determination of the provision and the ACL on loans as an accounting policy that, due to the judgments, estimates and assumptions inherent in this policy, is critical to an understanding of the Company's financial statements. This policy and the related judgments, estimates and assumptions is described in greater detail in the notes to the Consolidated Financial Statements and Management's Discussion and Analysis of Financial Condition and Results of Operations (Critical Accounting Policies) in the 2022 Form 10-K. Management believes that the judgments, estimates, and assumptions used in the preparation of the financial statements are appropriate based on the factual circumstances at the time. However, given the sensitivity of the financial statements to this critical accounting policy, the use of other judgments, estimates, and assumptions could result in material differences in the Company's results of operations or financial condition. Further, subsequent changes in economic or market conditions could have a material impact on this estimate and the Company's financial condition and operating results in future periods.
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.
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). The 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.
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
10

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
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.
2.    Recent Accounting Pronouncements
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 Company is currently evaluating the impact of adopting the new guidance on the consolidated financial statements.
3.    Merger with Quantum
On 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 $70.8 million, inclusive of consideration of common stock, other cash consideration, and cash in lieu of fractional shares, included $15.9 million of cash consideration already 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.
QuantumFair Value AdjustmentsProvisional Period AdjustmentsAs 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 stock1,125 — — 1,125 
Loans(1)
567,140 (5,207)— 561,933 
Premises and equipment4,415 4,668 — 9,083 
Accrued interest receivable1,706 — — 1,706 
BOLI9,066 — — 9,066 
Core deposit intangibles— 12,210 — 12,210 
Other assets2,727 569 — 3,296 
Total assets acquired$644,556 $12,240 $— $656,796 
Liabilities assumed  
Deposits$570,419 $183 $— $570,602 
Junior subordinated debt11,341 (1,408)— 9,933 
Other borrowings24,728 — — 24,728 
Deferred income taxes— 1,341 — 1,341 
Other liabilities3,334 — — 3,334 
Total liabilities assumed$609,822 $116 $— $609,938 
Net assets acquired  $46,858 
(1)Adjustments to Quantum's total loans include the elimination of Quantum's existing allowance for loan losses of $6.0 million, the recognition of an ACL at close on PCD loans of $0.4 million, and adjustments to reflect the estimated credit fair value mark on the non-PCD loan portfolio of $3.0 million and the estimated interest rate fair value adjustment on the loan portfolio as a whole (non-PCD and PCD) of $7.9 million.
11

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
QuantumFair Value AdjustmentsProvisional Period AdjustmentsAs Recorded by HomeTrust
Consideration paid
Common stock consideration
Shares of Quantum574,157 
Exchange ratio2.3942 
HomeTrust common stock issued1,374,647 
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$8,044 
(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 $33.0 million, 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 $8,044 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 EstateCommercialResidential Real EstateConsumerTotal
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.
(Unaudited)
Three Months EndedNine Months Ended
March 31,March 31,
2023202220232022
Interest and dividend income$56,512 $36,480 $154,621 $112,282 
Interest expense10,201 1,514 17,606 5,021 
Net interest income46,311 34,966 137,015 107,261 
Provision (benefit) for credit losses3,490 (45)9,717 (4,490)
Net interest income after provision (benefit) for credit losses42,821 35,011 127,298 111,751 
Noninterest income8,835 9,399 26,068 34,055 
Noninterest expense30,296 30,293 89,928 91,715 
Net income before income taxes21,360 14,117 63,438 54,091 
Income tax expense4,470 3,103 14,026 11,823 
Net income$16,890 $11,014 $49,412 $42,268 
Per share data
Net income per common share
Basic$0.96 $0.65 $2.93 $2.46 
Diluted$0.96 $0.64 $2.91 $2.41 
Average shares outstanding
Basic17,396,640 16,898,459 16,715,868 17,040,739 
Diluted17,451,762 17,167,658 16,823,706 17,372,023 
12

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
4.    Debt Securities
Debt securities available for sale consist of the following at the dates indicated:
March 31, 2023
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair
Value
U.S. government agencies$15,999 $— $(434)$15,565 
MBS, residential103,078 135 (2,082)101,131 
Municipal bonds3,513 — (81)3,432 
Corporate bonds36,068 — (1,478)34,590 
Total$158,658 $135 $(4,075)$154,718 
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, residential48,377 3 (1,147)47,233 
Municipal bonds5,545 31 (18)5,558 
Corporate bonds57,184 1 (1,457)55,728 
Total$130,099 $40 $(3,161)$126,978 
Debt securities available for sale by contractual maturity at March 31, 2023 and June 30, 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.
 March 31, 2023
Amortized
Cost		Estimated
Fair Value
Due within one year$47,067 $45,656 
Due after one year through five years3,000 2,940 
Due after five years through ten years5,513 4,991 
Due after ten years— — 
MBS, residential103,078 101,131 
Total$158,658 $154,718 
 June 30, 2022
Amortized
Cost		Estimated
Fair Value
Due within one year$35,350 $34,956 
Due after one year through five years40,325 39,018 
Due after five years through ten years6,047 5,771 
Due after ten years— — 
MBS, residential48,377 47,233 
Total$130,099 $126,978 
The Company had no sales of debt securities available for sale and no gross realized gains or losses were recognized during the nine months ended March 31, 2023 and 2022.
Debt securities available for sale with amortized costs totaling $58,138 and $43,187 and market values of $56,884 and $41,876 at March 31, 2023 and June 30, 2022, respectively, were pledged as collateral to secure various public deposits and other borrowings.
13

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
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 March 31, 2023 and June 30, 2022 were as follows:
March 31, 2023
Less than 12 Months12 Months or MoreTotal
Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
U.S. government agencies$996 $(4)$14,569 $(430)$15,565 $(434)
MBS, residential59,175 (826)18,034 (1,256)77,209 (2,082)
Municipal bonds3,432 (81)— — 3,432 (81)
Corporate bonds15,462 (205)17,227 (1,273)32,689 (1,478)
Total$79,065 $(1,116)$49,830 $(2,959)$128,895 $(4,075)
June 30, 2022
Less than 12 Months12 Months or MoreTotal
Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
U.S. government agencies$14,461 $(539)$— $— $14,461 $(539)
MBS, residential41,658 (994)5,269 (153)46,927 (1,147)
Municipal bonds1,970 (18)— — 1,970 (18)
Corporate bonds39,454 (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 March 31, 2023 and June 30, 2022 were 190 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 March 31, 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 Accounting Policies" in our 2022 Form 10-K for further discussion.
Management continues to monitor all of its securities with a high degree of scrutiny. There can be no assurance that management will not conclude in future periods that conditions existing at that time indicate some or all of its securities may be sold or would require a charge to earnings as a provision for credit losses in such periods.
Management excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on investment securities and does not record an ACL on accrued interest receivable. As of March 31, 2023, the accrued interest receivable for debt securities available for sale was $518.
5.    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:
March 31, 2023June 30, 2022
One-to-four family$156 $4,176 
SBA29,884 14,774 
HELOCs59,132 60,357 
Total loans held for sale, at the lower of cost or fair value$89,172 $79,307 
The carrying balance of loans held for sale, at fair value, was $1,209 and $0 at March 31, 2023 and June 30, 2022, respectively, while the amortized cost of these loans was $1,179 and $0 at the same dates.
14

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
6.    Loans and Allowance for Credit Losses on Loans
Loans consist of the following at the dates indicated(1):
March 31, 2023
June 30, 2022
Commercial real estate loans
Construction and land development$368,756 $291,202 
Commercial real estate - owner occupied524,247 335,658 
Commercial real estate - non-owner occupied926,991 662,159 
Multifamily85,285 81,086 
Total commercial real estate loans1,905,279 1,370,105 
Commercial loans
Commercial and industrial229,840 193,313 
Equipment finance440,345 394,541 
Municipal leases138,436 129,766 
Total commercial loans808,621 717,620 
Residential real estate loans
Construction and land development105,617 81,847 
One-to-four family518,274 354,203 
HELOCs193,037 160,137 
Total residential real estate loans816,928 596,187 
Consumer loans118,505 85,383 
Total loans, net of deferred loan fees and costs3,649,333 2,769,295 
ACL on loans(47,503)(34,690)
Loans, net$3,601,830 $2,734,605 
(1) At March 31, 2023 and June 30, 2022 accrued interest receivable of $13,027 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, $561.9 million in loans (net of purchase accounting adjustments) were added to the portfolio.
All qualifying one-to-four family first mortgage loans, HELOCs, commercial real estate loans, indirect auto, municipal leases and FHLB of Atlanta stock are pledged as collateral by a blanket pledge to secure any outstanding FHLB and FRB advances.
Loans are monitored for credit quality on a recurring basis and the composition of the loans outstanding by credit quality indicator is provided below. Loan credit quality indicators are developed through review of individual borrowers on an ongoing basis. Generally, loans are monitored for performance on a quarterly basis with the credit quality indicators adjusted as needed. The indicators represent the rating for loans as of the date presented based on the most recent assessment performed. These credit quality indicators are defined as follows:
Pass—A pass rated asset is not adversely classified because it does not display any of the characteristics for adverse classification.
Special Mention—A special mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention assets are not adversely classified and do not warrant adverse classification.
Substandard—A substandard asset is inadequately protected by the current net worth and paying capacity of the obligor, or of the collateral pledged, if any. Assets classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These assets are characterized by the distinct possibility of loss if the deficiencies are not corrected.
Doubtful—An asset classified doubtful has all the weaknesses inherent in an asset classified substandard with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable, on the basis of currently existing facts, conditions, and values.
Loss—Assets classified loss are considered uncollectible and of such little value that their continuing to be carried as an asset is not warranted. This classification is not necessarily equivalent to no potential for recovery or salvage value, but rather that it is not appropriate to defer a full write-off even though partial recovery may be effected in the future.





15

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
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 March 31, 2023:
Term Loans By Origination Fiscal Year
March 31, 202320232022202120202019PriorRevolvingTotal
Construction and land development
Risk rating
Pass$40,745 $45,061 $9,070 $2,766 $1,549 $6,920 $261,693 $367,804 
Special mention73 — — — — — 362 435 
Substandard— 481 — — — 36 — 517 
Doubtful
— — — — — — — — 
Loss— — — — — — — — 
Total construction and land development40,818 45,542 9,070 2,766 1,549 6,956 262,055 368,756 
Commercial real estate - owner occupied
Risk rating
Pass195,337 65,636 67,866 42,634 38,712 81,856 24,534 516,575 
Special mention— 132 — 380 376 2,934 — 3,822 
Substandard1,054 — — — — 2,496 300 3,850 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total commercial real estate - owner occupied196,391 65,768 67,866 43,014 39,088 87,286 24,834 524,247 
Commercial real estate - non-owner occupied
Risk rating
Pass237,787 106,637 117,075 89,284 55,862 233,180 74,662 914,487 
Special mention2,390 — — — — 4,517 5,341 12,248 
Substandard256 — — — — — — 256 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total commercial real estate - non-owner occupied240,433 106,637 117,075 89,284 55,862 237,697 80,003 926,991 
Multifamily
Risk rating
Pass18,584 11,649 18,759 10,286 3,341 21,409 863 84,891 
Special mention— — — — 29 62 — 91 
Substandard— — — — — 303 — 303 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total multifamily18,584 11,649 18,759 10,286 3,370 21,774 863 85,285 
Total commercial real estate
Risk rating
Pass$492,453 $228,983 $212,770 $144,970 $99,464 $343,365 $361,752 $1,883,757 
Special mention2,463 132 — 380 405 7,513 5,703 16,596 
Substandard1,310 481 — — — 2,835 300 4,926 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total commercial real estate$496,226 $229,596 $212,770 $145,350 $99,869 $353,713 $367,755 $1,905,279 
16

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
Term Loans By Origination Fiscal Year
March 31, 202320232022202120202019PriorRevolvingTotal
Commercial and industrial
Risk rating
Pass$54,377 $62,247 $16,449 $12,538 $6,893 $20,989 $48,060 $221,553 
Special mention— 327 465 93 139 — — 1,024 
Substandard1,633 13 25 588 864 44 3,513 6,680 
Doubtful
— — 70 — 152 — 360 582 
Loss— — — — — 1 — 1 
Total commercial and industrial56,010 62,587 17,009 13,219 8,048 21,034 51,933 229,840 
Equipment finance
Risk rating
Pass146,546 149,488 83,516 43,049 13,619 734 — 436,952 
Special mention— 143 349 497 441 — — 1,430 
Substandard— 81 — 20 145 — — 246 
Doubtful— 815 527 233 138 — — 1,713 
Loss— — — — 4 — — 4 
Total equipment finance146,546 150,527 84,392 43,799 14,347 734 — 440,345 
Municipal leases
Risk rating
Pass17,088 28,164 22,987 8,495 9,990 45,723 5,989 138,436 
Special mention— — — — — — — — 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total municipal leases17,088 28,164 22,987 8,495 9,990 45,723 5,989 138,436 
Total commercial
Risk rating
Pass$218,011 $239,899 $122,952 $64,082 $30,502 $67,446 $54,049 $796,941 
Special mention— 470 814 590 580 — — 2,454 
Substandard1,633 94 25 608 1,009 44 3,513 6,926 
Doubtful— 815 597 233 290 — 360 2,295 
Loss— — — — 4 1 — 5 
Total commercial$219,644 $241,278 $124,388 $65,513 $32,385 $67,491 $57,922 $808,621 








17

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
Term Loans By Origination Fiscal Year
March 31, 202320232022202120202019PriorRevolvingTotal
Construction and land development
Risk rating
Pass$620 $857 $— $48 $— $1,311 $102,447 $105,283 
Special mention— — — — — — — — 
Substandard— — — — — 334 — 334 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total construction and land development620 857 — 48 — 1,645 102,447 105,617 
One-to-four family
Risk rating
Pass119,751 84,901 96,028 47,502 27,421 121,007 15,971 512,581 
Special mention416 — — — — 587 — 1,003 
Substandard— 126 — 56 — 4,471 — 4,653 
Doubtful— — — — — 36 — 36 
Loss— — — — — 1 — 1 
Total one-to-four family120,167 85,027 96,028 47,558 27,421 126,102 15,971 518,274 
HELOCs
Risk rating
Pass12,328 882 142 341 862 7,489 170,223 192,267 
Special mention— — — — — — — — 
Substandard— 10 — — 46 673 12 741 
Doubtful— — — — — 29 — 29 
Loss— — — — — — — — 
Total HELOCs12,328 892 142 341 908 8,191 170,235 193,037 
Total residential real estate
Risk rating
Pass$132,699 $86,640 $96,170 $47,891 $28,283 $129,807 $288,641 $810,131 
Special mention416 — — — — 587 — 1,003 
Substandard— 136 — 56 46 5,478 12 5,728 
Doubtful— — — — — 65 — 65 
Loss— — — — — 1 — 1 
Total residential real estate$133,115 $86,776 $96,170 $47,947 $28,329 $135,938 $288,653 $816,928 
Term Loans By Origination Fiscal Year
March 31, 202320232022202120202019PriorRevolvingTotal
Total consumer
Risk rating
Pass$62,141 $19,306 $14,570 $10,175 $6,539 $4,140 $531 $117,402 
Special mention— — — — — — — — 
Substandard55 251 221 277 80 181 37 1,102 
Doubtful— — — — — — — — 
Loss— — — — 1 — — 1 
Total consumer$62,196 $19,557 $14,791 $10,452 $6,620 $4,321 $568 $118,505 












18

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
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, 202220222021202020192018PriorRevolvingTotal
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 
Substandard871 — — — — 67 — 938 
Doubtful
— — — — — — — — 
Loss— — — — — — — — 
Total construction and land development22,859 5,686 627 2,089 1,092 5,983 252,866 291,202 
Commercial real estate - owner occupied
Risk rating
Pass55,167 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 occupied55,167 71,429 46,061 44,204 22,297 79,245 17,255 335,658 
Commercial real estate - non-owner occupied
Risk rating
Pass97,885 122,975 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 occupied97,885 122,975 95,268 56,846 94,881 187,090 7,214 662,159 
Multifamily
Risk rating
Pass10,135 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 multifamily10,135 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 
Substandard871 — — — 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 
19

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
Term Loans By Origination Fiscal Year
June 30, 202220222021202020192018PriorRevolvingTotal
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 industrial70,863 22,648 12,250 10,893 6,338 20,908 49,413 193,313 
Equipment finance
Risk rating
Pass186,139 113,363 64,400 26,467 1,755 — — 392,124 
Special mention200 331 1,002 547 — — — 2,080 
Substandard— 123 18 159 — — — 300 
Doubtful32 — — 5 — — — 37 
Loss— — — — — — — — 
Total equipment finance186,371 113,817 65,420 27,178 1,755 — — 394,541 
Municipal leases
Risk rating
Pass19,425 24,480 8,962 11,034 13,584 39,529 12,715 129,729 
Special mention— 37 — — — — — 37 
Substandard— — — — — — — — 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total municipal leases19,425 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 mention200 714 1,262 911 — — 1,957 5,044 
Substandard— 893 361 1,311 — 52 4,337 6,954 
Doubtful32 98 — 5 — — — 135 
Loss— — — — — — — — 
Total commercial$276,659 $160,982 $86,632 $49,105 $21,677 $60,437 $62,128 $717,620 








20

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
Term Loans By Origination Fiscal Year
June 30, 202220222021202020192018PriorRevolvingTotal
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 development864 — 53 — — 2,155 78,775 81,847 
One-to-four family
Risk rating
Pass55,415 74,035 47,364 29,075 23,250 113,307 4,077 346,523 
Special mention— — — — — 835 — 835 
Substandard128 — 1,002 540 430 4,590 — 6,690 
Doubtful— — — — — 155 — 155 
Loss— — — — — — — — 
Total one-to-four family55,543 74,035 48,366 29,615 23,680 118,887 4,077 354,203 
HELOCs
Risk rating
Pass1,466 458 282 901 107 7,441 148,526 159,181 
Special mention— — — — — — — — 
Substandard— — — — — 879 49 928 
Doubtful— — — — — 28 — 28 
Loss— — — — — — — — 
Total HELOCs1,466 458 282 901 107 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 
Substandard128 — 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, 202220222021202020192018PriorRevolvingTotal
Total consumer
Risk rating
Pass$25,935 $20,443 $15,849 $11,329 $8,235 $2,398 $277 $84,466 
Special mention— — — — — — — — 
Substandard72 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 
21

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
The following tables present aging analyses of past due loans (including nonaccrual loans) by segment and class for the periods indicated below:
Past DueTotal
30-89 Days90 Days+TotalCurrentLoans
March 31, 2023
Commercial real estate
Construction and land development$— $— $— $368,756 $368,756 
Commercial real estate - owner occupied67 — 67 524,180 524,247 
Commercial real estate - non-owner occupied— — — 926,991 926,991 
Multifamily— — — 85,285 85,285 
Total commercial real estate67 — 67 1,905,212 1,905,279 
Commercial
Commercial and industrial— 620 620 229,220 229,840 
Equipment finance1,387 843 2,230 438,115 440,345 
Municipal leases— — — 138,436 138,436 
Total commercial1,387 1,463 2,850 805,771 808,621 
Residential real estate
Construction and land development— 132 132 105,485 105,617 
One-to-four family830 1,178 2,008 516,266 518,274 
HELOCs245 914 1,159 191,878 193,037 
Total residential real estate1,075 2,224 3,299 813,629 816,928 
Consumer245 259 504 118,001 118,505 
Total loans$2,774 $3,946 $6,720 $3,642,613 $3,649,333 
Past DueTotal
30-89 Days90 Days+TotalCurrentLoans
June 30, 2022
Commercial real estate
Construction and land development$— $— $— $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 industrial255 — 255 193,058 193,313 
Equipment finance186 56 242 394,299 394,541 
Municipal leases— — — 129,766 129,766 
Total commercial441 56 497 717,123 717,620 
Residential real estate
Construction and land development115 22 137 81,710 81,847 
One-to-four family910 1,394 2,304 351,899 354,203 
HELOCs283 122 405 159,732 160,137 
Total residential real estate1,308 1,538 2,846 593,341 596,187 
Consumer330 177 507 84,876 85,383 
Total loans$2,079 $1,823 $3,902 $2,765,393 $2,769,295 

22

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
The following table presents recorded investment in loans on nonaccrual status, by segment and class, including restructured loans. It also includes interest income recognized on nonaccrual loans for the nine months ended March 31, 2023.
March 31, 2023
 June 30, 2022
90 Days+ &
Still Accruing as of March 31, 2023
Nonaccrual With No Allowance as of March 31, 2023
Interest Income Recognized
Commercial real estate
Construction and land development$36 $67 $— $— $1 
Commercial real estate - owner occupied603 706 — — 13 
Commercial real estate - non-owner occupied2 5 — — 6 
Multifamily89 103 — — 6 
Total commercial real estate730 881 — — 26 
Commercial
Commercial and industrial1,389 1,951 — 59 92 
Equipment finance1,929 270 — — 100 
Municipal leases106 — — — 6 
Total commercial3,424 2,221 — 59 198 
Residential real estate
Construction and land development132 137 — — 2 
One-to-four family2,000 1,773 — — 44 
HELOCs1,144 724 — — 37 
Total residential real estate3,276 2,634 — — 83 
Consumer481 384 — — 13 
Total loans$7,911 $6,120 $— $59 $320 
TDRs are loans which have renegotiated loan terms to assist borrowers who are unable to meet the original terms of their loans. Such modifications to loan terms may include a lower interest rate, a reduction in principal, and/or a longer term to maturity. The above table excludes $8,548 and $9,818 of TDRs that were performing under their restructured payment terms as of March 31, 2023 and June 30, 2022, respectively.
The following tables present analyses of the ACL on loans by segment for the periods indicated below. In addition to the provision (benefit) for credit losses on loans presented below, provisions (benefits) of $400 and $758 for off-balance sheet credit exposures and $0 and $(250) for commercial paper were recorded for the three and nine months ended March 31, 2023, respectively. Provisions (benefits) of $650 and $415 for off-balance sheet credit exposures and $(55) and $(5) for commercial paper were recorded for the three and nine months ended March 31, 2022. For the three and nine months ended March 31, 2023, $4.9 million and $0.4 million of the provision for credit losses were recognized to establish ACLs on both Quantum's loan portfolio and off-balance-sheet credit exposure, respectively.
Three Months Ended March 31, 2023
Commercial Real EstateCommercialResidential Real EstateConsumerTotal
Balance at beginning of period$15,059 $12,382 $9,048 $2,370 $38,859 
Provision (benefit) for credit losses6,262 2,413 (100)(215)8,360 
Initial ACL on PCD loans292 72 5 — 369 
Charge-offs— (484)(3)(91)(578)
Recoveries— 275 172 46 493 
Net (charge-offs) recoveries— (209)169 (45)(85)
Balance at end of period$21,613 $14,658 $9,122 $2,110 $47,503 
Nine Months Ended March 31, 2023
Commercial Real EstateCommercialResidential Real EstateConsumerTotal
Balance at beginning of period$13,414 $12,036 $7,611 $1,629 $34,690 
Provision (benefit) for credit losses7,904 4,709 1,267 599 14,479 
Initial ACL on PCD loans292 72 5 — 369 
Charge-offs— (2,617)(126)(261)(3,004)
Recoveries3 458 365 143 969 
Net (charge-offs) recoveries3 (2,159)239 (118)(2,035)
Balance at end of period$21,613 $14,658 $9,122 $2,110 $47,503 
23

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
Three Months Ended March 31, 2022
Commercial Real EstateCommercialResidential Real EstateConsumerTotal
Balance at beginning of period$12,750 $10,219 $5,917 $2,047 $30,933 
Provision (benefit) for credit losses62 (1,357)1,063 (408)(640)
Charge-offs— (261)(45)(28)(334)
Recoveries23 887 72 93 1,075 
Net (charge-offs) recoveries23 626 27 65 741 
Balance at end of period$12,835 $9,488 $7,007 $1,704 $31,034 
Nine Months Ended March 31, 2022
Commercial Real EstateCommercialResidential Real EstateConsumerTotal
Balance at beginning of period$15,084 $9,663 $8,185 $2,536 $35,468 
Provision (benefit) for credit losses(2,527)469 (1,463)(894)(4,415)
Charge-offs(439)(1,572)(72)(107)(2,190)
Recoveries717 928 357 169 2,171 
Net (charge-offs) recoveries278 (644)285 62 (19)
Balance at end of period$12,835 $9,488 $7,007 $1,704 $31,034 



















24

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
In estimating expected credit losses, ASC 326 prescribes that if foreclosure is probable, a CDA is required to be measured at the fair value of collateral, but as a practical expedient, even if foreclosure is not probable, this method may be applied. For those CDA loans measured at the fair value of collateral, a credit loss expense is recorded for loan amounts in excess of fair value. The following tables provide a breakdown between loans identified as CDAs and non-CDAs, by segment and class, and securing collateral, as well as collateral coverage for those loans for the periods indicated below:
Type of Collateral and Extent to Which Collateral Secures Financial AssetsFinancial Assets Not Considered Collateral Dependent
March 31, 2023Residential PropertyInvestment PropertyCommercial PropertyBusiness AssetsTotal
Commercial real estate
Construction and land development$— $— $— $— $368,756 $368,756 
Commercial real estate - owner occupied— — 1,054 — 523,193 524,247 
Commercial real estate - non-owner occupied— — 3,025 — 923,966 926,991 
Multifamily— — — — 85,285 85,285 
Total commercial real estate— — 4,079 — 1,901,200 1,905,279 
Commercial
Commercial and industrial— — — 1,238 228,602 229,840 
Equipment finance— — — — 440,345 440,345 
Municipal leases— — — — 138,436 138,436 
Total commercial— — — 1,238 807,383 808,621 
Residential real estate
Construction and land development— — — — 105,617 105,617 
One-to-four family758 — — — 517,516 518,274 
HELOCs— — — — 193,037 193,037 
Total residential real estate758 — — — 816,170 816,928 
Consumer— — — — 118,505 118,505 
Total$758 $— $4,079 $1,238 $3,643,258 $3,649,333 
Total collateral value$1,435 $— $8,870 $110 
Type of Collateral and Extent to Which Collateral Secures Financial AssetsFinancial Assets Not Considered Collateral Dependent
June 30, 2022Residential PropertyInvestment PropertyCommercial PropertyBusiness AssetsTotal
Commercial real estate
Construction and land development$— $— $— $— $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 family1,318 — — — 352,885 354,203 
HELOCs— — — — 160,137 160,137 
Total residential real estate1,318 — — — 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 


25

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
The following tables present a breakdown of the types of concessions made on TDRs by loan class for the periods indicated below:
Three Months Ended March 31,
20232022
Number
of
Loans		Pre
Modification
Outstanding
Recorded
Investment		Post
Modification
Outstanding
Recorded
Investment		Number
of
Loans		Pre
Modification
Outstanding
Recorded
Investment		Post
Modification
Outstanding
Recorded
Investment
Other TDRs
Commercial
Commercial and industrial— $— $— 2 $841 $835 
Residential real estate
One-to-four family— — — 1 37 37 
Consumer— — — 1 5 5 
Total other TDRs— $— $— 4 $883 $877 
Nine Months Ended March 31,
20232022
Number
of
Loans		Pre
Modification
Outstanding
Recorded
Investment		Post
Modification
Outstanding
Recorded
Investment		Number
of
Loans		Pre
Modification
Outstanding
Recorded
Investment		Post
Modification
Outstanding
Recorded
Investment
Below market interest rate
Commercial loans
Commercial and industrial5 $569 $565 — $— $— 
Residential real estate
One-to-four family— — — 1 124 121 
Total below market interest rate5 569 565 1 124 121 
Extended payment terms
Residential real estate
One-to-four family— — — 1 35 35 
HELOCs— — — 1 50 50 
Total extended payment terms— — — 2 85 85 
Other TDRs
Commercial
Commercial and industrial— — — 2 841 835 
Residential real estate loans
One-to-four family— — — 2 93 92 
HELOCs— — — 1 18 18 
Consumer4 49 34 6 89 82 
Total other TDRs4 49 34 11 1,041 1,027 
Total9 $618 $599 14 $1,250 $1,233 













26

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
The following tables present loans that were modified as TDRs within the previous 12 months and for which there was a payment default during the periods indicated below:
Three Months Ended March 31,
20232022
Number of
Loans		Recorded
Investment		Number of
Loans		Recorded
Investment
Below market interest rate
Commercial loans
Commercial and industrial5 $592 — $— 
Nine Months Ended March 31,
20232022
Number of
Loans		Recorded
Investment		Number of
Loans		Recorded
Investment
Below market interest rate
Commercial loans
Commercial and industrial6 $732 — $— 
Extended payment terms
Residential real estate loans
One-to-four family1 34 — — 
Other TDRs
Consumer1 2 2 44 
Total8 $768 2 $44 
Other TDRs include TDRs that have a below market interest rate and extended payment terms. The Company does not typically forgive principal when restructuring troubled debt.
In determining the ACL, management considers TDRs for all loan classes, and the subsequent nonperformance in accordance with their modified terms, by measuring a reserve on a loan-by-loan basis based on either the value of the loan's expected future cash flows discounted at the loan's original effective interest rate or on the collateral value, net of the estimated costs of disposal, if the loan is collateral dependent.
Off-Balance-Sheet Credit Exposure
The Company maintains a separate reserve for credit losses on off-balance-sheet credit exposures, including unfunded loan commitments, which is included in other liabilities on the consolidated balance sheet. The reserve for credit losses on off-balance-sheet credit exposures is adjusted as a provision for credit losses in the consolidated statement of income. The estimate includes consideration of the likelihood that funding will occur and an estimate of ECLs on commitments expected to be funded over its estimated life, utilizing the same models and approaches for the Company's other loan portfolio segments described above, as these unfunded commitments share similar risk characteristics as its loan portfolio segments. The Company has identified the unfunded portion of certain lines of credit as unconditionally cancellable credit exposures, meaning the Company can cancel the unfunded commitment at any time. No credit loss estimate is reported for off-balance-sheet credit exposures that are unconditionally cancellable by the Company or for undrawn amounts under such arrangements that may be drawn prior to the cancellation of the arrangement. At March 31, 2023 and June 30, 2022, the ACL on off-balance-sheet credit exposures included in other liabilities was $4,062 and $3,304, respectively.
7. Deposit Accounts
Deposit accounts at the dates indicated consist of the following:
March 31, 2023
June 30, 2022
Core deposits
Noninterest-bearing accounts$872,492 $745,746 
NOW accounts678,178 654,981 
Money market accounts1,299,503 969,661 
Savings accounts228,390 238,197 
Total core deposits3,078,563 2,608,585 
Certificates of deposit597,036 491,176 
Total$3,675,599 $3,099,761 
As a result of HomeTrust's merger with Quantum on February 12, 2023, $570.6 million in deposits, net of purchase accounting adjustments, were added to the portfolio.
27

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
Deposits received from executive officers and directors and their associates totaled approximately $1,316 and $1,012 at March 31, 2023 and June 30, 2022, respectively.
As of March 31, 2023, scheduled maturities of certificates of deposit are as follows:
Fiscal year ending June 30
Remaining 2023$122,230 
2024414,223 
202544,759 
20267,288 
20275,242 
Thereafter3,294 
Total$597,036 
The balance of uninsured deposits was $730.4 million, or 19.9% of total deposits. Included within this amount, certificates of deposit with balances of $250 or greater totaled $255,089 and $156,558 at March 31, 2023 and June 30, 2022, respectively. Generally, deposit amounts in excess of $250 are not federally insured.
8. Borrowings
Junior Subordinated Debentures
On February 21, 2007, Quantum formed a Connecticut statutory trust, Quantum Capital Statutory Trust II (the "Trust"), which issued $11.0 million 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 $11.3 million 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 7.13% at March 31, 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, outside of junior subordinated debt, consist of the following at the dates indicated:
March 31, 2023June 30, 2022
BalanceWeighted
Average Rate		BalanceWeighted
Average Rate
FHLB advances$200,000 5.03 %$— — %
FRB advances100,000 5.00 — — 
Revolving lines of credit20,263 8.50 — — 
Total borrowings$320,263 5.24 %$— — %
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 loans are pledged as collateral to secure outstanding FRB advances.
At March 31, 2023 and June 30, 2022, the Company had the ability to borrow $68,484 and $277,561, respectively, through additional FHLB advances and $23,055 and $68,230, respectively, through the unused portion of a line of credit with the FRB. At March 31, 2023 and June 30, 2022, the Company had revolving lines of credit with three unaffiliated banks, the unused portion of which totaled $129,737 and $120,000, respectively.
28

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
9.    Leases
As Lessee - Operating Leases
The Company's operating leases primarily include office space and bank branches. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to 15 additional years. The exercise of lease renewal options is at management's sole discretion. When it is reasonably certain that the Company will exercise its option to renew or extend the lease term, that option is included in estimating the value of the ROU and lease liability. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Most of the Company's lease agreements include periodic rate adjustments for inflation. The depreciable life of ROU assets and leasehold improvements are limited to the shorter of the useful life or the expected lease term. Leases with an initial term of 12 months or less are not recorded on the Company's Consolidated Balance Sheet. The Company recognizes lease expenses for these leases over the lease term.
The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.
Supplemental Balance Sheet Information
March 31, 2023June 30, 2022
ROU assets$6,854 $5,846 
Lease liabilities7,872 6,641 
Weighted-average remaining lease terms (years)10.710.8
Weighted-average discount rate3.24 %2.90 %
The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2023:
Fiscal year ending June 30
Remaining 2023$422 
20241,247 
2025946 
2026821 
2027838 
Thereafter5,267 
Total undiscounted minimum lease payments9,541 
Less: amount representing interest(1,669)
Total lease liability$7,872 
The following table presents components of operating lease expense for the periods indicated:
Three Months Ended March 31,Nine Months Ended March 31,
2023202220232022
Operating lease cost (included in occupancy expense, net)$394 $347 $1,086 $1,215 
Variable lease cost (included in occupancy expense, net)3 7 7 13 
Sublease income (included in other, noninterest income)(42)(60)(127)(154)
Total operating lease expense, net$355 $294 $966 $1,074 
As Lessee - Finance Lease
During the quarter ended March 31, 2023, the Company purchased the property associated with the finance lease reported historically. The Company purchased the property for $1.2 million, terminating the existing land lease. Prior to the purchase, for the three months ended March 31, 2023 and 2022, interest expense on the lease liability totaled $15 and $23, while for the nine months ended March 31, 2023 and 2022, interest expense on the lease liability totaled $60 and $70, respectively.
Supplemental lease cash flow information for the periods indicated:
Nine Months Ended March 31,
2023
2022
ROU assets - noncash additions (operating leases)$2,108 $1,186 
Cash paid for amounts included in the measurement of lease liabilities (operating leases)994 1,281 
Cash paid for amounts included in the measurement of lease liabilities (finance leases)89 100 
29

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
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 nominal fixed purchase option; and most of the leases that do not have a nominal purchase option include renewal provisions resulting in some leases continuing beyond initial contractual terms. The Company's leases do not include early termination options, and continued rent payments are due if leased equipment is not returned at the end of the lease.
As Lessor - Operating Leases
Operating lease income is recognized as a component of noninterest income on a straight-line basis over the lease term. Lease terms range from one to five years. Assets related to operating leases are included in other assets and the corresponding depreciation expense is recorded on a straight-line basis as a component of other noninterest expense. The net book value of leased assets totaled $19,200 and $20,075 with a residual value of $13,226 and $12,874 as of March 31, 2023 and June 30, 2022, respectively.
The following table presents total equipment finance operating lease income and depreciation expense for the periods indicated:
Three Months Ended March 31,Nine Months Ended March 31,
2023
2022
2023
2022
Operating lease income$1,505 $1,661 $4,246 $4,920 
Depreciation expense1,266 1,339 3,608 4,221 
The following schedule summarizes, as of March 31, 2023, aggregate future minimum lease payments to be received:
Fiscal year ending June 30
Remaining 2023$1,424 
20245,206 
20251,962 
2026689 
2027113 
Thereafter— 
Total of future minimum lease payments$9,394 
As Lessor - Direct Financing Leases
Finance lease income is recognized as a component of loan interest income over the lease term. The finance leases are included as a component of the equipment finance class of financing receivables under the commercial loan segment of the loan portfolio. For the three months ended March 31, 2023 and 2022, interest income on equipment finance leases totaled $860 and $763, respectively. For the nine months ended March 31, 2023 and 2022, interest income on equipment finance leases totaled $2,435 and $2,275, respectively.
The lease receivable component of finance lease net investment included within the equipment finance class of financing receivables was $66.7 million and $62.2 million at March 31, 2023 and June 30, 2022, respectively.
The following schedule summarizes, as of March 31, 2023, aggregate future minimum finance lease payments to be received:
Fiscal year ending June 30
Remaining 2023$8,260 
202422,284 
202517,749 
202613,532 
20278,494 
Thereafter6,716 
Total undiscounted minimum lease payments77,035 
Less: amount representing interest(10,304)
Total lease receivable$66,731 
30

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
10.    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:
Three Months Ended March 31,Nine Months Ended March 31,
2023202220232022
Share-based compensation expense$434 $507 $1,465 $1,407 
Tax benefit102 120 347 332 
The table below presents stock option activity and related information for the nine months ended March 31, 2023 and 2022:
OptionsWeighted-
Average
Exercise
Price		Remaining
Contractual
Life
(Years)		Aggregate
Intrinsic
Value
Options outstanding at June 30, 20211,319,456 $19.07 3.9$11,657 
Granted42,850 31.35 — — 
Exercised(413,636)14.70 — — 
Forfeited(20,800)23.17 — — 
Options outstanding at March 31, 2022927,870 $21.49 4.3$7,541 
Exercisable at March 31, 2022756,720 $20.24 3.5$7,028 
Non-vested at March 31, 2022171,150 $26.99 7.7$513 
Options outstanding at June 30, 2022928,870 $21.49 4.1$4,036 
Granted5,000 24.07 — — 
Exercised(351,596)14.59 — — 
Forfeited(11,700)25.36 — — 
Options outstanding at March 31, 2023570,574 $25.68 5.3$327 
Exercisable at March 31, 2023493,764 $25.39 4.9$287 
Non-vested at March 31, 202376,810 $27.55 8.2$40 
Assumptions used in estimating the fair value of options granted during the nine months ended March 31, 2023 and March 31, 2022 are detailed below:
March 31, 2023
March 31, 2022
Weighted-average volatility27.78 %28.02 %
Expected dividend yield1.62 %1.12 %
Risk-free interest rate3.11 %1.90 %
Expected life (years)6.56.5
Weighted-average fair value of options granted$6.77 $8.68 
At March 31, 2023, the Company had $529 of unrecognized compensation expense related to 76,810 stock options originally scheduled to vest over a five-year period. The weighted average period over which compensation cost related to non-vested awards expected to be recognized was 1.8 years at March 31, 2023. At March 31, 2022, the Company had $1,076 of unrecognized compensation expense related to 171,150 stock options originally scheduled to vest over a five-year period. The weighted average period over which compensation cost related to non-vested awards expected to be recognized was 1.8 years at March 31, 2022.
31

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
The table below presents restricted stock award activity and related information:
Restricted
Stock Awards		Weighted-
Average Grant
Date Fair Value		Aggregate
Intrinsic
Value
Non-vested at June 30, 2021151,575 $25.06 $4,229 
Granted49,679 31.35 — 
Vested(53,744)25.22 — 
Forfeited(12,000)24.90 — 
Non-vested at March 31, 2022135,510 $27.41 $2,817 
Non-vested at June 30, 2022135,910 $27.40 $2,345 
Granted75,358 27.24 — 
Vested(55,449)27.38 — 
Forfeited(6,200)27.64 — 
Non-vested at March 31, 2023149,619 $27.31 $3,134 
The table above includes non-vested performance-based restricted stock units totaling 40,362 and 33,218 at March 31, 2023 and 2022, respectively. Each issuance of these stock units is scheduled to vest over 3.0 years assuming the applicable dilutive EPS goals are met.
At March 31, 2023, unrecognized compensation expense was $3,628 related to 149,619 shares of restricted stock originally scheduled to vest over three- and five-year periods. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 2.0 years at March 31, 2023. At March 31, 2022, unrecognized compensation expense was $3,137 related to 135,510 shares of restricted stock originally scheduled to vest over three- and five-year periods. The weighted average period over which compensation cost related to non-vested awards is expected to be recognized was 1.9 years at March 31, 2022.
11.    Net Income per Share
The following table sets forth the computation of basic and diluted net income per common share for the periods indicated:
Three Months Ended March 31,Nine Months Ended March 31,
2023202220232022
Numerator
Net income$6,734 $8,023 $29,591 $29,628 
Allocation of earnings to participating securities(64)(69)(292)(254)
Numerator for basic EPS - Net income available to common stockholders$6,670 $7,954 $29,299 $29,374 
Effect of dilutive securities
Dilutive effect of participating securities$— $— $— $— 
Numerator for diluted EPS $6,670 $7,954 $29,299 $29,374 
Denominator    
Weighted-average common shares outstanding - basic16,021,994 15,523,813 15,341,222 15,666,093 
Dilutive effect of assumed exercises of stock options55,122 269,199 107,838 331,284 
Weighted-average common shares outstanding - diluted16,077,116 15,793,012 15,449,060 15,997,377 
Net income per share - basic$0.40 $0.51 $1.91 $1.87 
Net income per share - diluted$0.40 $0.51 $1.90 $1.84 
Potential dilutive shares are excluded from the computation of earnings per share if their effect is anti-dilutive. There were 112,250 and 538,374 of stock options that were anti-dilutive for the three and nine months ended March 31, 2023. There were 47,850 and 95,350 of stock options that were anti-dilutive for the three and nine months ended March 31, 2022, respectively.
12.    Commitments and Contingencies
Loan Commitments – Legally binding commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. In the normal course of business, there are various outstanding commitments to extend credit that are not reflected in the consolidated financial statements. At March 31, 2023 and June 30, 2022, respectively, loan commitments (excluding $270,491 and $312,893 of undisbursed portions of construction loans) totaled $93,915 and $104,745 of which $13,754 and $23,159 were variable rate commitments and $80,161 and $81,586 were fixed rate commitments. The fixed rate loan commitments had interest rates ranging from 1.55% to 9.69% at March 31, 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 $597,522 and $485,239 at March 31, 2023 and June 30, 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.
32

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
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 March 31, 2023 or June 30, 2022.
The Company grants construction and permanent loans collateralized primarily by residential and commercial real estate to customers throughout its primary market areas. In addition, the Company grants equipment financing throughout the United States and municipal financing to customers throughout North and South Carolina. The Company’s loan portfolio can be affected by the general economic conditions within these market areas. Management believes that the Company has no significant concentration of credit in the loan portfolio.
Restrictions on Cash – In response to COVID-19, the FRB reduced the reserve requirements to zero on March 15, 2020. Prior to this change the Bank was required by regulation to maintain a varying cash reserve balance with the FRB. 
Guarantees – Standby letters of credit obligate the Company to meet certain financial obligations of its customers, if, under the contractual terms of the agreement, the customers are unable to do so. The financial standby letters of credit issued by the Company are irrevocable and payment is only guaranteed upon the borrower's failure to perform its obligations to the beneficiary. Total commitments under standby letters of credit as of March 31, 2023 and June 30, 2022 were $31,090 and $18,362, respectively. There was no liability recorded for these letters of credit at March 31, 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.
13.    Fair Value of Financial Instruments
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. As of both March 31, 2023 and June 30, 2022, the Company did not have any liabilities recorded at fair value.
The methods of determining the fair value of assets and liabilities presented in this note are consistent with the methodologies disclosed in Note 19 of the 2022 Form 10-K.
33

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
Financial Assets Recorded at Fair Value
The following table presents financial assets measured at fair value on a recurring basis at the dates indicated:
March 31, 2023
TotalLevel 1Level 2Level 3
Debt securities available for sale
U.S government agencies$15,565 $— $15,565 $— 
MBS, residential101,131 — 101,131 — 
Municipal bonds3,432 — 3,432 — 
Corporate bonds34,590 — 34,590 — 
Total debt securities available for sale$154,718 $— $154,718 $— 
Loans held for sale$1,209 $— $1,209 $— 
June 30, 2022
TotalLevel 1Level 2Level 3
Debt securities available for sale
U.S government agencies$18,459 $— $18,459 $— 
MBS, residential47,233 — 47,233 — 
Municipal bonds5,558 — 5,558 — 
Corporate bonds55,728 — 55,728 — 
Total debt securities available for sale$126,978 $— $126,978 $— 
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 nine months ended March 31, 2023 and June 30, 2022.
The following table presents financial assets measured at fair value on a non-recurring basis at the dates indicated:
March 31, 2023
TotalLevel 1Level 2Level 3
Collateral dependent loans
Commercial real estate
Commercial real estate - owner occupied$920 $— $— $920 
Commercial real estate - non-owner occupied2,971 — — 2,971 
Commercial loans
Commercial and industrial336 — — 336 
Total$4,227 $— $— $4,227 
June 30, 2022
TotalLevel 1Level 2Level 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 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.
34

HOMETRUST BANCSHARES, INC. AND SUBSIDIARY
Notes to Consolidated Financial Statements
(Dollars in thousands, except per share data)
The stated carrying value and estimated fair value amounts of financial instruments as of March 31, 2023 and June 30, 2022, are summarized below:
 March 31, 2023
Carrying
Value		Fair
Value		Level 1Level 2Level 3
Assets
Cash and cash equivalents$314,413 $314,413 $314,413 $— $— 
Certificates of deposit in other banks33,102 33,102 — 33,102 — 
Debt securities available for sale, at fair value154,718 154,718 — 154,718 — 
FHLB and FRB stock19,125 N/AN/AN/AN/A
SBIC investments, at cost13,620 13,620 — — 13,620 
Loans held for sale, at fair value1,209 1,209 — 1,209 — 
Loans held for sale, at the lower of cost
  or fair value		89,172 91,040 — — 91,040 
Loans, net3,601,830 3,468,167 — — 3,468,167 
Accrued interest receivable13,813 13,813 — 786 13,027 
Liabilities
Noninterest-bearing and NOW deposits1,550,670 1,550,670 — 1,550,670 — 
Money market accounts1,299,503 1,299,503 — 1,299,503 — 
Savings accounts228,390 228,390 — 228,390 — 
Certificates of deposit597,036 588,776 — 588,776 — 
Junior subordinated debt9,945 9,980 — 9,980 — 
Borrowings320,263 320,261 — 320,261 — 
Accrued interest payable1,660 1,660 — 1,660 — 
 June 30, 2022
Carrying
Value		Fair
Value		Level 1Level 2Level 3
Assets
Cash and cash equivalents$105,119 $105,119 $105,119 $— $— 
Commercial paper, net194,427 194,427 194,427 — — 
Certificates of deposit in other banks
23,551 23,551 — 23,551 — 
Debt securities available for sale126,978 126,978 — 126,978 — 
FHLB and FRB stock9,326 N/AN/AN/AN/A
SBIC investments, at cost12,758 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 deposits1,400,727 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 included approximately $993,018 and $921,239 of commitments to originate loans, undisbursed portions of construction loans, unused lines of credit, and standby letters of credit at March 31, 2023 and June 30, 2022, respectively (see "Note 12 – Commitments and Contingencies"). Since these commitments are based on current rates, the carrying amount approximates the fair value.
35

Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Operations
In November 2020, the SEC adopted amendments to Regulation S-K to eliminate certain disclosure requirements and to revise several others to make the disclosures provided in the management's discussion and analysis section more useful for investors. When providing a discussion and analysis of interim period results, the amendments provide a registrant with the option to discuss its interim results by comparing its most recent quarter to the immediately preceding quarter rather than to the same quarter of the prior year. The Company elected to exercise this option as it believes that the comparison of current quarter results to a linked quarter, rather than the prior year comparable quarter, more accurately reflects management's perspective of the organization and its results.
Forward-Looking Statements
Certain matters in this Form 10-Q constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to our financial condition, results of operations, plans, objectives, future performance or business. Forward-looking statements are not statements of historical fact, but instead are based on certain assumptions and are generally identified by use of the words "believes," "expects," "anticipates," "estimates," "forecasts," "intends," "plans," "targets," "potentially," "probably," "projects," "outlook" or similar expressions or future or conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, assumptions, and statements about future economic performance and projections of financial items. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated or implied by our forward-looking statements.
The factors that could result in material differentiation include, but are not limited to:
•the remaining effects of the COVID-19 pandemic on general economic and financial market conditions and on public health, both nationally and in our market areas;
•expected revenues, cost savings, synergies and other benefits from our merger and acquisition activities, including our recent merger with Quantum, might not be realized to the extent anticipated, within the anticipated time frames, or at all, and costs or difficulties relating to integration matters, including but not limited to customer and employee retention, might be greater than expected;
•the credit risks of lending activities, including changes in the level and trend of loan delinquencies and write offs and changes in our allowance for credit losses and provision for credit losses that may be impacted by deterioration in the housing and commercial real estate markets;
•changes in general economic conditions, either nationally or in our market areas;
•changes in the levels of general interest rates, and the relative differences between short and long term interest rates, deposit interest rates, our net interest margin and funding sources and the effects of inflation or a potential recession;
•uncertainty regarding the limited future of LIBOR, and the expected transition toward new interest rate benchmarks;
•fluctuations in the demand for loans, the number of unsold homes, land and other properties and fluctuations in real estate values in our market areas;
•decreases in the secondary market for the sale of loans that we originate;
•results of examinations of us by the Federal Reserve, the NCCOB, or other regulatory authorities, including the possibility that any such regulatory authority may, among other things, require us to increase our allowance for credit losses, write-down assets, change our regulatory capital position or affect our ability to borrow funds or maintain or increase deposits, which could adversely affect our liquidity and earnings;
•legislative or regulatory changes that adversely affect our business including the effects of the Dodd-Frank Wall Street Reform and Consumer Protection Act, changes in laws or regulations, changes in regulatory policies and principles or the application or interpretation of laws and regulations by regulatory agencies and tax authorities, including changes in deferred tax asset and liability activity, or the interpretation of regulatory capital or other rules, including as a result of Basel III;
•our ability to attract and retain deposits;
•management's assumptions in determining the adequacy of the allowance for credit losses;
•our ability to control operating costs and expenses, especially costs associated with our operation as a public company;
•the use of estimates in determining fair value of certain assets, which estimates may prove to be incorrect and result in significant declines in valuation;
•difficulties in reducing risks associated with the loans on our balance sheet;
•staffing fluctuations in response to product demand or the implementation of corporate strategies that affect our workforce and potential associated charges;
•disruptions, security breaches, or other adverse events, failures or interruptions in, or attacks on, our information technology systems or on the third-party vendors who perform several of our critical processing functions;
•our ability to retain key members of our senior management team;
•costs and effects of litigation, including settlements and judgments;
•our ability to successfully integrate any assets, liabilities, customers, systems, and management personnel we may in the future acquire into our operations and our ability to realize related revenue synergies and cost savings within expected time frames and any goodwill charges related thereto;
•increased competitive pressures among financial services companies;
•changes in consumer spending, borrowing and savings habits;
•the availability of resources to address changes in laws, rules, or regulations or to respond to regulatory actions;
•adverse changes in the securities markets;
•inability of key third-party providers to perform their obligations to us;
•changes in accounting principles, policies or guidelines and practices, as may be adopted by the financial institution regulatory agencies, the Public Company Accounting Oversight Board or the FASB;
36

•other economic, competitive, governmental, regulatory, and technological factors affecting our operations, pricing, products and services including the CARES Act; and
•other risks detailed from time to time in our filings with the SEC, including this report on Form 10-Q.
Any forward-looking statements are based upon management’s beliefs and assumptions at the time they are made. We undertake no obligation to publicly update or revise any forward-looking statements included in this report or to update the reasons why actual results could differ from those contained in such statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking statements discussed in this report might not occur and you should not put undue reliance on any forward-looking statements.
As used throughout this report, the terms “we,” “our,” “us,” “HomeTrust Bancshares” or the “Company” refer to HomeTrust Bancshares, Inc. and its consolidated subsidiaries, including HomeTrust Bank (“HomeTrust” or "Bank") unless the context indicates otherwise.
Overview
HomeTrust Bancshares, Inc., a Maryland corporation, was formed for the purpose of becoming the holding company for HomeTrust Bank in connection with the Bank’s conversion from mutual to stock form, which was completed on July 10, 2012. As a bank holding company and financial holding company, we are regulated by the Federal Reserve. The Company has not engaged in any significant activity other than holding the stock of the Bank. As a North Carolina state-chartered bank, and member of the FRB, the Bank's primary regulators are the NCCOB and the Federal Reserve. The Bank's deposits are federally insured up to applicable limits by the FDIC. The Bank is a member of the FHLB of Atlanta, which is one of the 11 regional banks in the FHLB System. Our headquarters is located in Asheville, North Carolina.
After completing our merger with Quantum on February 12, 2023, the Bank has more than 30 locations across Georgia, North Carolina, South Carolina, Tennessee, and Virginia, many of which are located in markets experiencing growth rates above the national average. Historically, our branches and facilities have primarily been located in small- to medium-sized communities, but in recent years we have implemented a strategy of expanding into larger, higher growth markets via business banking centers rather than retail-focused branches.
Our principal business consists of attracting deposits from the general public and investing those funds, along with borrowed funds, in commercial real estate loans, construction and development loans, commercial and industrial loans, equipment finance leases, municipal leases, loans secured by first and second mortgages on one-to-four family residences including home equity and other consumer loans. We also originate one-to-four family loans, SBA loans, and HELOCs to sell to third parties. In addition, we invest in debt securities issued by United States Government agencies and GSEs, corporate bonds, commercial paper, and certificates of deposit in other banks insured by the FDIC. We offer a variety of deposit accounts for individuals, businesses, and nonprofit organizations.
Our primary source of pre-tax income is net interest income. Net interest income is the difference between interest income, which is the income that we earn on our loans and investments, and interest expense, which is the interest that we pay on our deposits and borrowings. Changes in levels of interest rates affect our net interest income.
A secondary source of income is noninterest income, which includes revenue we receive from providing products and services, including service charges and fees on deposit accounts, loan income and fees, gains on the sale of loans held for sale, BOLI income, and operating lease income.
An offset to net interest income is the provision for credit losses which is required to establish the ACL at a level that adequately provides for current expected credit losses inherent in our loan portfolio, off balance sheet credit commitments, and available for sale debt securities. See "Note 1 – Summary of Significant Accounting Policies" in Item 1 of our 2022 Form 10-K for further discussion.
Our noninterest expenses consist primarily of salaries and employee benefits, expenses for occupancy, marketing and computer services, and FDIC deposit insurance premiums. Salaries and benefits consist primarily of the salaries and wages paid to our employees, payroll taxes, expenses for retirement, and other employee benefits. Occupancy expenses, which are the fixed and variable costs of buildings and equipment, consist primarily of lease payments, property taxes, depreciation charges, maintenance, and costs of utilities.
Critical Accounting Policies and Estimates
Certain of our accounting policies are important to the portrayal of our financial condition, since they require management to make difficult, complex, or subjective judgments, some of which may relate to matters that are inherently uncertain. Estimates associated with these policies are susceptible to material changes as a result of changes in facts and circumstances which could include, but are not limited to, changes in interest rates, changes in the performance of the economy, and changes in the financial condition of borrowers.
The following represent our critical accounting policies:
Allowance for Credit Losses, or ACL, on Loans.  The ACL reflects our estimate of credit losses that will result from the inability of our borrowers to make required loan payments. We charge off loans against the ACL and subsequent recoveries, if any, increase the ACL when they are recognized. We use a systematic methodology to determine our ACL for loans held for investment and certain off-balance-sheet credit exposures. The ACL is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loan portfolio. We consider the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the loan portfolio. The estimate of our ACL involves a high degree of judgment; therefore, our process for determining expected credit losses may result in a range of expected credit losses. Our ACL recorded in the balance sheet reflects our best estimate within the range of expected credit losses. We recognize in net income the amount needed to adjust the ACL for management’s current estimate of expected credit losses. Our ACL is calculated using collectively evaluated and individually evaluated loans.
Business Combinations and Acquired Loans.  ASC 805 requires that we use the acquisition method of accounting for all business combinations. The acquisition method of accounting requires us as the 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.
37

The fair value for acquired loans at the time of acquisition is based on a variety of factors including discounted expected cash flows, adjusted for estimated prepayments and credit losses. In accordance with ASC 326, the fair value adjustment is recorded as premium or discount to the unpaid principal balance of each acquired loan. Loans that have been identified as having experienced a more-than-insignificant deterioration in credit quality since origination are PCD loans. An ACL on PCD loans is established at the time of acquisition as part of the purchase accounting adjustments, while the remaining net premium or discount is accreted or amortized into interest income over the remaining life of the loan using the level yield method. The net premium or discount on non-PCD loans, that includes credit quality and interest rate considerations, is accreted or amortized into interest income over the remaining life of the loan using the level yield method. The Company then records the necessary ACL on the non-PCD loans through provision for credit losses expense.
Financial Highlights
Results for the quarter ended March 31, 2023 include the impact of the merger of Quantum into the Company effective February 12, 2023. The addition of Quantum contributed total assets of $656.7 million, including loans of $561.9 million, and $570.6 million of deposits, all reflecting the impact of purchase accounting adjustments. Merger-related expenses of $4.7 million and $5.5 million were recognized during the three and nine months ended March 31, 2023, while a $5.3 million provision for credit losses was recognized during the three months ended March 31, 2023 to establish allowances for credit losses on both Quantum's loan portfolio and off-balance-sheet credit exposure. Quantum's scheduled core system conversion was completed in March.
For the quarter ended March 31, 2023 compared to the quarter ended December 31, 2022:
•net income was $6.7 million compared to $13.7 million;
•diluted EPS was $0.40 compared to $0.90;
•annualized ROA was 0.69% compared to 1.54%;
•annualized ROE was 6.21% compared to 13.37%;
•net interest income was $41.5 million compared to $37.5 million;
•net interest margin was 4.55% compared to 4.53%;
•provision for credit losses was $8.8 million compared to $2.2 million;
•noninterest income was $8.3 million compared to $8.5 million;
•net organic loan growth was $104.1 million, or 14.2% annualized, compared to $121.9 million, or 17.4% annualized; and
•quarterly cash dividends of $0.10 per share totaling $1.7 million compared to $1.5 million.
For the nine months ended March 31, 2023 compared to the nine months ended March 31, 2022:
•net income was $29.6 million compared to $29.6 million;
•diluted EPS was $1.90 compared to $1.84;
•annualized ROA was 1.07% compared to 1.12%;
•annualized ROE was 9.52% compared to 9.91%;
•net interest income was $113.5 million compared to $81.9 million;
•net interest margin was 4.40% compared to 3.34%;
•provision for credit losses was $15.0 million compared to a net benefit of $4.0 million;
•noninterest income was $24.2 million compared to $29.4 million;
•net organic loan growth was $307.8 million, or 15.1% annualized, compared to $34.9 million, or 1.8% annualized; and
•cash dividends of $0.29 per share totaling $4.5 million compared to $0.26 per share totaling $4.1 million.
Three Months Ended
Nine Months Ended
(Dollars in thousands)
March 31, 2023
December 31, 2022
March 31, 2023
March 31, 2022
Interest and dividend income$50,666 $41,402 $127,995 $85,988 
Interest expense9,212 3,857 14,476 4,073 
Net interest income41,454 37,545 113,519 81,915 
Provision (benefit) for credit losses 8,760 2,240 14,987 (4,005)
Net interest income after provision (benefit) for credit losses32,694 35,305 98,532 85,920 
Noninterest income8,310 8,454 24,162 29,393 
Noninterest expense32,833 26,076 84,998 77,638 
Income before income taxes8,171 17,683 37,696 37,675 
Income tax expense1,437 4,025 8,105 8,047 
Net income$6,734 $13,658 $29,591 $29,628 
Net income per common share(1)
  
Basic$0.40 $0.90 $1.91 $1.87 
Diluted0.40 0.90 1.90 1.84 
Cash dividends declared per common share0.10 0.10 0.29 0.26 
Book value per share at end of period26.38 26.17 26.38 24.73 
Tangible book value per share at end of period(2)
23.93 24.53 23.93 23.13 
Market price per share at end of period24.59 24.17 24.59 29.53 
(1)Basic and diluted net income per common share have been prepared in accordance with the two-class method.
(2)See Non-GAAP reconciliations below for adjustments.
38

GAAP Reconciliation of Non-GAAP Financial Measures
We believe the non-GAAP financial measures included within this report provide useful information to management and investors that is supplementary to our financial condition, results of operations and cash flows computed in accordance with US GAAP; however, we acknowledge that our non-GAAP financial measures have a number of limitations. The following reconciliation tables provide detailed analyses of these non-GAAP financial measures.
Set forth below is a reconciliation to US GAAP of tangible book value and tangible book value per share:
As of
March 31,December 31,September 30,June 30,
(Dollars in thousands, except per share data)2023202220222022
Total stockholders' equity$458,242 $410,155 $396,222 $388,845 
Less: goodwill, core deposit intangibles, net of taxes42,642 25,663 25,683 25,710 
Tangible book value$415,600 $384,492 $370,539 $363,135 
Common shares outstanding17,370,063 15,673,595 15,632,348 15,591,466 
Book value per share at end of period$26.38 $26.17 $25.35 $24.94 
Tangible book value per share at end of period$23.93 $24.53 $23.70 $23.29 
Set forth below is a reconciliation to US GAAP of tangible equity to tangible assets:
As of
March 31,December 31,September 30,June 30,
(Dollars in thousands)2023202220222022
Tangible equity (1)
$415,600 $384,492 $370,539 $363,135 
Total assets4,526,870 3,647,015 3,555,186 3,549,204 
Less: goodwill, core deposit intangibles, net of taxes42,642 25,663 25,683 25,710 
Total tangible assets$4,484,228 $3,621,352 $3,529,503 $3,523,494 
Tangible equity to tangible assets9.27 %10.62 %10.50 %10.31 %
(1)    Tangible equity (or tangible book value) is equal to total stockholders' equity less goodwill and core deposit intangibles, net of related deferred tax liabilities.
39

Comparison of Results of Operations for the Three Months Ended March 31, 2023 and December 31, 2022
Net Income.  Net income totaled $6.7 million, or $0.40 per diluted share, for the three months ended March 31, 2023 compared to net income of $13.7 million, or $0.90 per diluted share, for the three months ended December 31, 2022, a decrease of $7.0 million, or 50.7%. The results for the three months ended March 31, 2023 were negatively impacted by increases of $6.5 million in the provision for credit losses and $6.8 million in noninterest expense, partially offset by a $4.0 million increase in net interest income. These changes were primarily related to the merger with Quantum completed this quarter. Details of the changes in the various components of net income are further discussed below.
Net Interest Income.  The following table presents the distribution of average assets, liabilities and equity, as well as interest income earned on average interest-earning assets and interest expense paid on average interest-bearing liabilities. All average balances are daily average balances. Nonaccruing loans have been included in the table as loans carrying a zero yield.
 Three Months Ended
 March 31, 2023
December 31, 2022
(Dollars in thousands)Average
Balance
Outstanding		Interest
Earned /
Paid		Yield /
Rate		Average
Balance
Outstanding		Interest
Earned /
Paid		Yield /
Rate
Assets
Interest-earning assets
Loans receivable(1)
$3,413,641$47,908 5.69 %$2,999,207$38,995 5.16 %
Commercial paper—— — 34,487184 2.12 
Debt securities available for sale156,7781,183 3.06 167,8181,151 2.72 
Other interest-earning assets(2)
124,1201,575 5.15 86,4301,072 4.92 
Total interest-earning assets3,694,53950,666 5.56 3,287,94241,402 5.00 
Other assets253,746236,159
Total assets$3,948,285$3,524,101
Liabilities and equity
Interest-bearing liabilities
Interest-bearing checking accounts$645,011$976 0.61 %$627,548$571 0.36 %
Money market accounts1,133,4154,338 1.55 954,0071,935 0.80 
Savings accounts230,82048 0.08 236,02745 0.08 
Certificate accounts515,3262,502 1.97 444,8451,052 0.94 
Total interest-bearing deposits2,524,5727,864 1.26 2,262,4273,603 0.63 
Junior subordinated debt5,299109 8.34 —— — 
Borrowings98,4001,239 5.11 26,063254 3.87 
Total interest-bearing liabilities2,628,2719,212 1.42 2,288,4903,857 0.67 
Noninterest-bearing deposits830,510785,785
Other liabilities49,67444,333
Total liabilities3,508,4553,118,608
Stockholders' equity439,830405,493
Total liabilities and stockholders' equity$3,948,285$3,524,101
Net earning assets$1,066,268$999,452
Average interest-earning assets to average interest-bearing liabilities140.57 %143.67 %
Non-tax-equivalent
Net interest income$41,454 $37,545 
Interest rate spread4.14 %4.33 %
Net interest margin(3)
4.55 %4.53 %
Tax-equivalent(4)
Net interest income$41,744 $37,832 
Interest rate spread4.17 %4.36 %
Net interest margin(3)
4.58 %4.56 %
(1)Average loans receivable balances include loans held for sale and nonaccruing loans.
(2)Average other interest-earning assets consist of FRB stock, FHLB stock, SBIC investments, and deposits in other banks.
(3)Net interest income divided by average interest-earning assets.
(4)Interest income used in the average interest earned and yield calculation includes the tax equivalent adjustment of $290 and $287 for the three months ended March 31, 2023 and December 31, 2022, respectively, calculated based on a combined federal and state tax rate of 24%.
Total interest and dividend income for the three months ended March 31, 2023 increased $9.3 million, or 22.4%, compared to the three months ended December 31, 2022, which was driven by a $8.9 million, or 22.9%, increase in interest income on loans. Accretion income on acquired loans of $353,000 and $195,000 was recognized during the same periods, respectively, and was included in interest income on loans.
40

Beyond accretion income, the increase was driven by a continued increase in the average yield on loans and the inclusion of Quantum's loan portfolio for roughly half a quarter.
Total interest expense for the three months ended March 31, 2023 increased $5.4 million, or 138.8%, compared to the three months ended December 31, 2022. The increase was the result of increases in the average cost of funds across funding sources, an increase in average deposits outstanding and the inclusion of junior subordinated debt assumed from Quantum.
The following table shows the effects that changes in average balances (volume), including differences in the number of days in the periods compared, and average interest rates (rate) had on the interest earned on interest-earning assets and interest paid on interest-bearing liabilities:
Increase / (Decrease)
Due to		Total
Increase /
(Decrease)
(Dollars in thousands)VolumeRate
Interest-earning assets
Loans receivable$4,324 $4,589 $8,913 
Commercial paper(184)— (184)
Debt securities available for sale(102)134 32 
Other interest-earning assets432 71 503 
Total interest-earning assets4,470 4,794 9,264 
Interest-bearing liabilities
Interest-bearing checking accounts(6)411 405 
Money market accounts267 2,136 2,403 
Savings accounts(2)5 3 
Certificate accounts111 1,339 1,450 
Junior subordinated debt109 — 109 
Borrowings677 308 985 
Total interest-bearing liabilities1,156 4,199 5,355 
Net increase in interest income$3,909 
Provision for Credit Losses.  The provision for credit losses is the amount of expense that, based on our judgment, is required to maintain the ACL at an appropriate level under the CECL model.
The following table presents a breakdown of the components of the provision for credit losses:
Three Months Ended
(Dollars in thousands)
March 31, 2023
December 31, 2022
$ Change% Change
Provision for credit losses
Loans$8,360 $2,425 $5,935 245 %
Off-balance-sheet credit exposure400 (85)485 571 
Commercial paper— (100)100 100 
Total provision for credit losses$8,760 $2,240 $6,520 291 %
For the quarter ended March 31, 2023, the "loans" portion of the provision for credit losses was the result of the following, offset by net charge-offs of $0.1 million during the quarter:
•$4.9 million provision to establish an allowance on Quantum's loan portfolio.
•$2.0 million provision driven by loan growth and changes in the loan mix.
•$1.2 million provision due to changes in the projected economic forecast, specifically the national unemployment rate, and changes in qualitative adjustments.
•$0.2 million increase in specific reserves on individually evaluated credits.
For the quarter ended December 31, 2022, the "loans" portion of the provision for credit losses was the result of the following, offset by net charge-offs of $1.9 million during the quarter:
•$1.6 million provision driven by loan growth and changes in the loan mix.
•$0.4 million provision due to changes in the projected economic forecast, specifically the national unemployment rate, and changes in qualitative adjustments.
•$1.5 million reduction of specific reserves on individually evaluated credits, which was tied to two relationships which were fully charged-off during the quarter.
For the quarter ended March 31, 2023, a provision of $0.4 million was also recorded to establish an allowance on Quantum's off-balance-sheet credit exposure. For the quarter ended December 31, 2022, the change was the result of changes in the balance of loan commitments as well as changes in the loan mix and changes in the projected economic forecast outlined above.

41

Noninterest Income.  Noninterest income for the three months ended March 31, 2023 decreased $0.1 million, or 1.7%, when compared to the quarter ended December 31, 2022. Changes in the components of noninterest income are discussed below:
Three Months Ended
(Dollars in thousands)
March 31, 2023
December 31, 2022
$ Change% Change
Noninterest income
Service charges and fees on deposit accounts$2,256 $2,523 $(267)(11)%
Loan income and fees562 647 (85)(13)
Gain on sale of loans held for sale1,811 1,102 709 64 
BOLI income522 494 28 6 
Operating lease income1,505 1,156 349 30 
Gain (loss) on sale of premises and equipment900 1,127 (227)(20)
Other754 1,405 (651)(46)
Total noninterest income$8,310 $8,454 $(144)(2)%
•Gain on sale of loans held for sale: The increase in the gain on sale of loans held for sale was primarily driven by an increase in volume of SBA loans sold during the period. During the quarter ended March 31, 2023, there were $16.6 million in sales of the guaranteed portion of SBA commercial loans with gains of $1.2 million compared to $8.2 million sold and gains of $568,000 for the quarter ended December 31, 2022. There were $6.4 million of residential mortgage loans originated for sale which were sold during the current quarter with gains of $147,000 compared to $7.3 million sold with gains of $183,000 in the prior quarter. There were $35.2 million of HELOCs sold during the current quarter for a gain of $354,000 compared to $41.4 million sold and gains of $340,000 in the prior quarter.
•Operating lease income: The increase in operating lease income was the result of a net gain of $17,000 at the end of operating leases for the quarter ended March 31, 2023 versus a net loss of $337,000 for the quarter ended December 31, 2022.
•Gain (loss) on sale of premises and equipment: During the quarter ended March 31, 2023, one property was sold for a gain of $900,000. During the quarter ended December 31, 2022, two properties were sold for a combined gain of $1.6 million, partially offset by additional impairment of $420,000 on premises and equipment associated with prior branch closures.
•Other: The decrease in other income was driven by a $721,000 gain recognized during the quarter ended December 31, 2022 on the sale of closely held equity securities which the Company obtained through a prior bank acquisition. No such sales occurred during the quarter ended March 31, 2023.
Noninterest Expense.  Noninterest expense for the three months ended March 31, 2023 increased $6.8 million, or 25.9%, when compared to the three months ended December 31, 2022. Changes in the components of noninterest expense are discussed below:
Three Months Ended
(Dollars in thousands)
March 31, 2023
December 31, 2022
$ Change% Change
Noninterest expense
Salaries and employee benefits$16,246 $14,484 $1,762 12 %
Occupancy expense, net2,467 2,428 39 2 
Computer services2,911 2,796 115 4 
Telephone, postage and supplies613 575 38 7 
Marketing and advertising372 481 (109)(23)
Deposit insurance premiums612 546 66 12 
Core deposit intangible amortization606 26 580 2,231 
Merger-related expenses4,741 250 4,491 1,796 
Other4,265 4,490 (225)(5)
Total noninterest expense$32,833 $26,076 $6,757 26 %
•Salaries and employee benefits: The increase in salaries and employee benefits expense is primarily the result of the inclusion of Quantum employees for half a quarter, partially offset by lower mortgage banking incentive pay as a result of the reduction in the volume of originations due to rising interest rates.
•Core deposit intangible amortization: The increase in amortization expense is a result of a $12.2 million core deposit intangible associated with the Company's merger with Quantum, which will be amortized on an accelerated basis over ten years.
•Merger-related expenses: With the closing of the Company's merger with Quantum, merger-related expenses increased both in anticipation of and after the closing. The most significant expenses incurred included the payout of severance and employment contracts, professional fees, termination of prior contracts, and conversion of IT systems which occurred during the quarter.
Income Taxes.  The amount of income tax expense is influenced by the amount of pre-tax income, the amount of tax-exempt income, changes in the statutory rate, and the effect of changes in valuation allowances maintained against deferred tax benefits. Income tax expense for the three months ended March 31, 2023 decreased $2.6 million as a result of lower pre-tax income and permanent tax differences associated with employee stock options recognized during the current quarter.
42

Comparison of Results of Operations for the Nine Months Ended March 31, 2023 and March 31, 2022
Net Income.  Net income totaled $29.6 million, or $1.90 per diluted share, for the nine months ended March 31, 2023 compared to net income of $29.6 million, or $1.84 per diluted share, for the nine months ended March 31, 2022, a decrease of $37,000, or 0.1%. The results for the nine months ended March 31, 2023 were negatively impacted by an increase of $19.0 million in the provision for credit losses, a $5.2 million decrease in noninterest income, and a $7.4 million increase in noninterest expense driven by $5.5 million in merger-related expenses, partially offset by a $31.6 million increase in net interest income. Details of the changes in the various components of net income are further discussed below.
Net Interest Income.  The following table presents the distribution of average assets, liabilities and equity, as well as interest income earned on average interest-earning assets and interest expense paid on average interest-bearing liabilities. All average balances are daily average balances. Nonaccruing loans have been included in the table as loans carrying a zero yield.
 
Nine Months Ended
 March 31, 2023March 31, 2022
(Dollars in thousands)Average
Balance
Outstanding		Interest
Earned /
Paid		Yield /
Rate		Average
Balance
Outstanding		Interest
Earned /
Paid		Yield /
Rate
Assets
Interest-earning assets
Loans receivable(1)
$3,095,358$120,148 5.17 %$2,810,240$81,440 3.86 %
Commercial paper83,5061,300 2.07 211,739869 0.55 
Debt securities available for sale153,1783,012 2.62 124,0531,319 1.42 
Other interest-earning assets(2)
108,0073,535 4.36 121,9362,360 2.58 
Total interest-earning assets3,440,049127,995 4.96 3,267,96885,988 3.51 
Other assets244,271259,535
Total assets$3,684,320$3,527,503
Liabilities and equity
Interest-bearing liabilities
Interest-bearing checking accounts$642,217$1,814 0.38 %$640,194$1,038 0.22 %
Money market accounts1,017,6636,794 0.89 1,002,5421,056 0.14 
Savings accounts235,312137 0.08 224,664120 0.07 
Certificate accounts478,7124,117 1.15 447,6231,814 0.54 
Total interest-bearing deposits2,373,90412,862 0.72 2,315,0234,028 0.23 
Junior subordinated debt1,741109 8.34 —— — 
Borrowings41,5851,505 4.82 48,89445 0.12 
Total interest-bearing liabilities2,417,23014,476 0.80 2,363,9174,073 0.23 
Noninterest-bearing deposits805,555719,872
Other liabilities47,54445,443
Total liabilities3,270,3293,129,232
Stockholders' equity413,991398,271
Total liabilities and stockholders' equity$3,684,320$3,527,503
Net earning assets$1,022,819$904,051
Average interest-earning assets to average interest-bearing liabilities142.31 %138.24 %
Non-tax-equivalent
Net interest income$113,519 $81,915 
Interest rate spread4.16 %3.28 %
Net interest margin(3)
4.40 %3.34 %
Tax-equivalent
Net interest income$114,383 $82,852 
Interest rate spread4.19 %3.31 %
Net interest margin(3)
4.43 %3.38 %
(1)Average loans receivable balances include loans held for sale and nonaccruing loans.
(2)Average other interest-earning assets consist of FRB stock, FHLB stock, SBIC investments, and deposits in other banks.
(3)Net interest income divided by average interest-earning assets.
(4)Interest income used in the average interest earned and yield calculation includes the tax equivalent adjustment of $864 and $937 for the nine months ended March 31, 2023 and March 31, 2022, respectively, calculated based on a combined federal and state tax rate of 24%.
Total interest and dividend income for the nine months ended March 31, 2023 increased $42.0 million, or 48.9%, compared to the nine months ended March 31, 2022, which was driven by a $38.7 million, or 47.5%, increase in interest income on loans, a combined increase of $2.1 million, or 97.4%, in interest income on commercial paper and debt securities available for sale, and an increase of $1.2 million, or 49.8%, in interest income on other interest-earning assets. The overall increase in average yield on interest-earning assets and rate paid on
43

liabilities was the result of rising interest rates. Specific to debt securities available for sale, the Company has intentionally maintained a relatively short-term duration portfolio which has allowed, and will continue to allow, the Company to take advantage of rising rates when reinvesting the proceeds of maturing instruments.
Total interest expense for the nine months ended March 31, 2023 increased $10.4 million, or 255.4%, compared to the nine months ended March 31, 2022. The increase was primarily the result of increases in the average cost of funds across all funding sources driven by higher market interest rates.
The following table shows the effects that changes in average balances (volume), including differences in the number of days in the periods compared, and average interest rates (rate) had on the interest earned on interest-earning assets and interest paid on interest-bearing liabilities:
Increase / (Decrease)
Due to		Total
Increase /
(Decrease)
(Dollars in thousands)VolumeRate
Interest-earning assets
Loans receivable$8,263 $30,445 $38,708 
Commercial paper(526)957 431 
Debt securities available for sale310 1,383 1,693 
Other interest-earning assets(270)1,445 1,175 
Total interest-earning assets7,777 34,230 42,007 
Interest-bearing liabilities
Interest-bearing checking accounts3 773 776 
Money market accounts16 5,722 5,738 
Savings accounts6 11 17 
Certificate accounts126 2,177 2,303 
Junior subordinated debt109 — 109 
Borrowings(7)1,467 1,460 
Total interest-bearing liabilities253 10,150 10,403 
Net increase in interest income$31,604 
Provision (Benefit) for Credit Losses.  The following table presents a breakdown of the components of the provision (benefit) for credit losses:
Nine Months Ended
(Dollars in thousands)
March 31, 2023
March 31, 2022
$ Change% Change
Provision (benefit) for credit losses
Loans$14,479 $(4,415)$18,894 428 %
Off-balance-sheet credit exposure758 415 343 83 
Commercial paper(250)(5)(245)(4,900)
Total provision (benefit) for credit losses$14,987 $(4,005)$18,992 474 %
For the nine months ended March 31, 2023, the "loans" portion of the provision (benefit) for credit losses was the result of the following, offset by net charge-offs of $2.0 million during the period:
•$4.9 million provision to establish an allowance on Quantum's loan portfolio.
•$0.9 million provision specific to fintech portfolios which have a riskier credit profile than loans originated in-house. The elevated credit risk is offset by the higher yields earned on the portfolios.
•$4.9 million provision driven by loan growth and changes in the loan mix.
•$3.1 million provision due to changes in the projected economic forecast, specifically the national unemployment rate, and changes in qualitative adjustments.
•$1.3 million reduction of specific reserves on individually evaluated credits, which was tied to two relationships which were fully charged-off during the period.
For the nine months ended March 31, 2022, the "loans" portion of the benefit for credit losses was driven by an improvement in the economic forecast, as more clarity was gained regarding the impact of COVID-19 upon the loan portfolio.
For the nine months ended March 31, 2023, a provision of $0.4 million was also recorded to establish an allowance on Quantum's off-balance-sheet credit exposure. The remainder of the change was the result of changes in the balance of loan commitments as well as changes in the loan mix and changes in the projected economic forecast outlined above, which is the same reasoning for the provision for the nine months ended March 31, 2022.

44

Noninterest Income.  Noninterest income for the nine months ended March 31, 2023 decreased $5.2 million, or 17.8%, when compared to the same period last year. Changes in the components of noninterest income are discussed below:
Nine Months Ended
(Dollars in thousands)
March 31, 2023
March 31, 2022
$ Change% Change
Noninterest income
Service charges and fees on deposit accounts$7,117 $7,101 $16 — %
Loan income and fees1,779 2,536 (757)(30)
Gain on sale of loans held for sale4,499 10,927 (6,428)(59)
BOLI income1,543 1,500 43 3 
Operating lease income4,246 4,920 (674)(14)
Gain (loss) on sale of premises and equipment2,015 (87)2,102 2,416 
Other2,963 2,496 467 19 
Total noninterest income$24,162 $29,393 $(5,231)(18)%
•Loan income and fees: The decrease in loan income and fees was driven by lower underwriting fees, interest rate swap fees, and prepayment penalties in the current period compared to the same period last year, all of which were impacted by rising interest rates.
•Gain on sale of loans held for sale: The decrease in the gain on sale of loans held for sale was primarily driven by a decrease in volume of SBA loans and residential mortgages sold during the period as a result of rising interest rates. During the nine months ended March 31, 2023, there were $36.9 million of sales of the guaranteed portion of SBA commercial loans with gains of $2.7 million compared to $43.5 million sold and gains of $4.5 million for the corresponding period in the prior year. There were $34.6 million of residential mortgage loans originated for sale which were sold during the current period with gains of $823,000 compared to $204.1 million sold with gains of $5.6 million for the corresponding period in the prior year. There were $99.4 million of HELOCs sold during the current period for a gain of $897,000 compared to $97.2 million sold and gains of $581,000 for the corresponding period in the prior year. Lastly, $11.5 million of indirect auto finance loans were sold out of the held for investment portfolio during the nine months ended March 31, 2022 for a gain of $205,000. No such sales occurred in the same period in the current year.
•Operating lease income: The decrease in operating lease income was the result of lower contractual earnings as well as gains or losses incurred at the end of operating leases, where we recognized a net loss of $172,000 for the nine months ended March 31, 2023 versus a net loss of $17,000 in the same period last year.
•Gain (loss) on sale of premises and equipment: During the nine months ended March 31, 2023 three properties were sold for a combined gain of $2.5 million, partially offset by additional impairment of $420,000 on premises associated with prior branch closures. For the nine months ended March 31, 2022, no sales occurred but $87,000 of additional impairment was recorded on premises held for sale.
•Other: The increase in other income was driven by a $721,000 gain recognized on the sale of closely held equity securities which the Company obtained through a prior bank acquisition. No such sales occurred in the same period in the prior year.
Noninterest Expense.  Noninterest expense for the nine months ended March 31, 2023 increased $7.4 million, or 9.5%, when compared to the same period last year. Changes in the components of noninterest expense are discussed below:
Nine Months Ended
(Dollars in thousands)
March 31, 2023
March 31, 2022
$ Change% Change
Noninterest expense
Salaries and employee benefits$45,545 $44,882 $663 1 %
Occupancy expense, net7,291 7,201 90 1 
Computer services8,470 7,817 653 8 
Telephone, postage and supplies1,791 1,946 (155)(8)
Marketing and advertising1,443 2,110 (667)(32)
Deposit insurance premiums1,700 1,280 420 33 
Core deposit intangible amortization666 208 458 220 
Merger-related expenses5,465 — 5,465 100 
Other12,627 12,194 433 4 
Total noninterest expense$84,998 $77,638 $7,360 9 %
•Computer services: The increase in expense between periods is due to continued investments in technology as well as increases in the cost of services provided by third parties.
•Marketing and advertising: The decrease in expense is primarily driven by a reduction in traditional media advertising (print, billboards, etc.) in favor of digital platforms at lower costs during the current fiscal year.
•Deposit insurance premiums: The increase in expense can be traced to an increase in rates the Company is charged for deposit insurance and the inclusion of Quantum's deposit portfolio for roughly half a quarter.
45

•Core deposit intangible amortization: The increase in amortization expense during the nine months ended March 31, 2023 is a result of a $12.2 million core deposit intangible associated with the Company's merger with Quantum, which will be amortized on an accelerated basis over ten years.
•Merger-related expenses: These are expenses related to the merger of Quantum into the Company. The most significant expenses incurred included the payout of severance and employment contracts, due diligence, professional fees, termination of prior contracts, due diligence, and conversion of IT systems which occurred during the period.
•Other: During the nine months ended March 31, 2023 the Company wrote off $350,000 in previously capitalized costs associated with a technology project which the Company is no longer pursuing. No such expense was incurred in the prior period.
Income Taxes.  The amount of income tax expense is influenced by the amount of pre-tax income, the amount of tax-exempt income, changes in the statutory rate, and the effect of changes in valuation allowances maintained against deferred tax benefits. Income tax expense for the nine months ended March 31, 2023 increased $58,000 compared to the prior period.
Comparison of Financial Condition at March 31, 2023 and June 30, 2022
General.  Total assets increased by $977.7 million to $4.5 billion and total liabilities increased by $908.3 million to $4.1 billion, respectively, at March 31, 2023 as compared to June 30, 2022. The majority of these changes were the result of the Company's merger with Quantum.
Cash and cash equivalents and commercial paper.  Total cash and cash equivalents increased $209.3 million, or 199.1%, to $314.4 million at March 31, 2023 from $105.1 million at June 30, 2022. Commercial paper decreased from $194.4 million to none at March 31, 2023 as the proceeds were used to fund loan growth during the period.
Debt securities available for sale and other investments.  Debt securities available for sale increased $27.7 million, or 21.8%, to $154.7 million at March 31, 2023 from $127.0 million at June 30, 2022. This increase can be traced to securities acquired from Quantum.
Loans held for sale. Loans held for sale increased $11.1 million, or 14.0%, to $90.4 million at March 31, 2023 from $79.3 million at June 30, 2022. This was driven by an increase of $15.1 million, or 102.3%, in SBA loans held for sale, partially offset by a $2.8 million, or 67.3%, decrease in mortgage loans held for sale.
Loans, net of deferred loan fees and costs.  Total loans increased $880.0 million, or 31.8%, to $3.6 billion at March 31, 2023 from $2.8 billion at June 30, 2022. Excluding the $561.9 million acquired as part of the merger with Quantum, total loans increased $318.1 million, or 11.5%. The following table illustrates the changes within the portfolio:
As ofPercent of Total
(Dollars in thousands)March 31,June 30,ChangeMarch 31,June 30,
20232022$%20232022
Commercial real estate loans
Construction and land development$368,756 $291,202 $77,554 27 %10 %11 %
Commercial real estate - owner occupied524,247 335,658 188,589 56 15 12 
Commercial real estate - non-owner occupied926,991 662,159 264,832 40 25 24 
Multifamily85,285 81,086 4,199 5 2 3 
Total commercial real estate loans1,905,279 1,370,105 535,174 39 52 50 
Commercial loans
Commercial and industrial229,840 193,313 36,527 19 6 7 
Equipment finance440,345 394,541 45,804 12 12 14 
Municipal leases138,436 129,766 8,670 7 4 5 
Total commercial loans808,621 717,620 91,001 13 22 26 
Residential real estate loans
Construction and land development105,617 81,847 23,770 29 3 3 
One-to-four family518,274 354,203 164,071 46 14 13 
HELOCs193,037 160,137 32,900 21 6 6 
Total residential real estate loans816,928 596,187 220,741 37 23 22 
Consumer loans118,505 85,383 33,122 39 3 2 
Loans, net of deferred loan fees and costs$3,649,333 $2,769,295 $880,038 32 %100 %100 %
Asset quality. Nonperforming assets increased by $1.7 million, or 27.1%, to $8.0 million, or 0.18% of total assets, at March 31, 2023 compared to $6.3 million, or 0.18% of total assets, at June 30, 2022. Nonperforming assets included $7.9 million in nonaccruing loans and $123,000 of REO at March 31, 2023, compared to $6.1 million and $200,000 in nonaccruing loans and REO, respectively, at June 30, 2022. Nonperforming loans to total loans was 0.22% at March 31, 2023 and 0.22% at June 30, 2022.
The ratio of classified assets to total assets decreased to 0.49% at March 31, 2023 from 0.61% at June 30, 2022, mainly due to growth in the balance sheet as a result of the merger with Quantum. Classified assets increased $416,000, or 1.9%, to $22.0 million at March 31, 2023 compared to $21.5 million at June 30, 2022.
Our individually evaluated loans include loans on nonaccrual status and all TDRs, whether performing or on nonaccrual status under their restructured terms. Individually evaluated loans may be evaluated for reserve purposes using either the discounted cash flow or the collateral valuation method. As of March 31, 2023, there was $7.5 million in loans individually evaluated compared to $5.3 million at June 30, 2022, due to the inclusion of PCD loans from the merger with Quantum.
46

Allowance for credit losses.  The ACL on loans was $47.5 million, or 1.30% of total loans, at March 31, 2023 compared to $34.7 million, or 1.25% of total loans, as of June 30, 2022. Net loan charge-offs totaled $2.0 million, or 0.09% as a percentage of average loans, for the nine months ended March 31, 2023 compared to $19,000, or 0.00% as a percentage of average loans, for the same period last year. The drivers of these changes are discussed in the "Nine Months Ended March 31, 2023 and March 31, 2022" section above.
Other assets. Other assets decreased $3.4 million, or 6.4%, to $49.6 million at March 31, 2023 from $53.0 million at June 30, 2022. The decrease was primarily driven by lower current taxes receivable and the sale of properties held for sale.
Deposits.  The following table summarizes the composition of our deposit portfolio as of the dates indicated:
As of
March 31,June 30,Change
(Dollars in thousands)20232022$%
Core deposits
Noninterest-bearing accounts$872,492 $745,746 $126,746 17 %
NOW accounts678,178 654,981 23,197 4 
Money market accounts1,299,503 969,661 329,842 34 
Savings accounts228,390 238,197 (9,807)(4)
Total core deposits3,078,563 2,608,585 469,978 18 
Certificates of deposit597,036 491,176 105,860 22 
Total$3,675,599 $3,099,761 $575,838 19 %
The following bullet points provide further information regarding the composition of our deposit portfolio as of March 31, 2023:
•Total deposits increased $57.0 million, or 1.9% (7.6% annualized), during the quarter, excluding the $570.6 million assumed as part of the merger with Quantum.
•The balance of uninsured deposits was $730.4 million, or 19.9% of total deposits, which excludes collateralized deposits to municipalities.
•The balance of brokered deposits was $134.9 million, or 3.7% of total deposits.
•Total deposits are evenly distributed between commercial and consumer depositors.
•The average balance of our deposit accounts was $33,000.
•Our largest 25 depositors made up $643.8 million, or 17.5% of total deposits. Of these depositors, $443.5 million, or 12.1% of total deposits, are collateralized deposits to municipalities.
Liquidity
Management maintains a liquidity position that it believes will adequately provide for funding of loan demand and deposit run-off that may occur in the normal course of business. We rely on a number of different sources in order to meet our potential liquidity demands. The primary sources are increases in deposit accounts, wholesale borrowings, and cash flows from loan payments and the securities portfolio.
In addition to these primary sources of funds, management has several secondary sources available to meet potential funding requirements. As of March 31, 2023, the Bank had an available borrowing capacity of $68.5 million and $23.1 million with the FHLB of Atlanta and FRB, respectively, and revolving lines of credit with three unaffiliated banks, the unused portion of which totaled $129.7 million. Additionally, we classify our securities portfolio as available for sale, providing an additional source of liquidity. Management believes that our securities portfolio is of high quality and the securities would therefore be readily marketable. In addition, we have historically sold fixed-rate mortgage loans in the secondary market to reduce interest rate risk and to create still another source of liquidity. From time to time we also utilize brokered time deposits to supplement our other sources of funds. Brokered time deposits are obtained by utilizing an outside broker that is paid a fee. This funding requires advance notification to structure the type of deposit desired by us. Brokered deposits can vary in term from one month to several years and have the benefit of being a source of longer-term funding. We also utilize brokered deposits to help manage interest rate risk by extending the term to repricing of our liabilities, enhance our liquidity, and fund asset growth. Brokered deposits are typically from outside our primary market areas, and our brokered deposit levels may vary from time to time depending on competitive interest rate conditions and other factors. At March 31, 2023 brokered deposits totaled $134.9 million, or 3.7%, of total deposits.
Liquidity management is both a daily and long-term function of business management. Excess liquidity is generally invested in short-term investments, such as overnight deposits and federal funds. On a longer term basis, we maintain a strategy of investing in various lending products and debt securities, including MBS. On a stand-alone basis we are a separate legal entity from the Bank and must provide for our own liquidity and pay our own operating expenses. Our primary source of funds consists of dividends or capital distributions from the Bank, although there are regulatory restrictions on the ability of the Bank to pay dividends. At March 31, 2023, we (on an unconsolidated basis) had liquid assets of $3.4 million.
At the Bank level, we use our sources of funds primarily to meet our ongoing commitments, pay maturing deposits and fund withdrawals, and fund loan commitments. At March 31, 2023, the total approved loan commitments and unused lines of credit outstanding amounted to $364.4 million and $597.5 million, respectively, as compared to $417.6 million and $485.2 million as of June 30, 2022. Certificates of deposit scheduled to mature in one year or less at March 31, 2023, totaled $495.8 million. It is management's policy to manage deposit rates that are competitive with other local financial institutions. Based on this management strategy, we believe a majority of our maturing deposits will remain with us.
47

Off-Balance Sheet Activities
In the normal course of operations, we engage in a variety of financial transactions that are not recorded in our financial statements, mainly to manage customers' requests for funding. These transactions primarily take the form of loan commitments and lines of credit and involve varying degrees of off-balance sheet credit, interest rate, and liquidity risks. For further information, see "Note 12 – Commitments and Contingencies" in this Quarterly Report on Form 10-Q.
Capital Resources
At March 31, 2023, stockholders' equity totaled $458.2 million compared to $388.8 million at June 30, 2022, an increase of $69.4 million which was the result of net income for the nine months and the issuance of our common stock as consideration in our merger with Quantum. HomeTrust Bancshares, Inc. is a bank holding company subject to regulation by the Federal Reserve. As a bank holding company, we are 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. Our 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 FRB and 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 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 March 31, 2023, HomeTrust Bancshares, Inc. and the Bank each exceeded all regulatory capital requirements. Consistent with our goals to operate a sound and profitable organization, our 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" under applicable regulatory requirements.
HomeTrust Bancshares, Inc.'s and the Bank's actual and required minimum capital amounts and ratios are as follows:
 Regulatory Requirements
ActualMinimum for Capital
Adequacy Purposes		Minimum to Be
Well Capitalized
(Dollars in thousands)AmountRatioAmountRatioAmountRatio
HomeTrust Bancshares, Inc.
March 31, 2023
CET1 Capital (to risk-weighted assets)$423,577 10.43 %$182,836 4.50 %$264,096 6.50 %
Tier I Capital (to total adjusted assets)433,522 11.08 156,481 4.00 195,602 5.00 
Tier I Capital (to risk-weighted assets)433,522 10.67 243,781 6.00 325,041 8.00 
Total Risk-based Capital (to risk-weighted assets)473,543 11.65 325,041 8.00 406,301 10.00 
June 30, 2022      
CET1 Capital (to risk-weighted assets)$372,797 10.76 %$155,844 4.50 %$225,108 6.50 %
Tier I Capital (to total adjusted assets)372,797 10.50 142,028 4.00 177,535 5.00 
Tier I 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      
March 31, 2023      
CET1 Capital (to risk-weighted assets)$443,910 10.93 %$182,836 4.50 %$264,096 6.50 %
Tier I Capital (to total adjusted assets)443,910 11.35 156,493 4.00 195,617 5.00 
Tier I Capital (to risk-weighted assets)443,910 10.93 243,781 6.00 325,041 8.00 
Total Risk-based Capital (to risk-weighted assets)483,931 11.91 325,041 8.00 406,301 10.00 
June 30, 2022      
CET1 Capital (to risk-weighted assets)$358,600 10.35 %$155,844 4.50 %$225,108 6.50 %
Tier I Capital (to total adjusted assets)358,600 10.11 141,814 4.00 177,267 5.00 
Tier I 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 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”) was delayed for two years. Starting July 1, 2022, the cumulative amount of the transition adjustments became 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.
48

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 March 31, 2023, the Company's and Bank's risk-based capital exceeded the required capital contribution buffer.
Dividends paid by HomeTrust Bank are limited, without regulatory approval, to current year earnings less dividends paid during the preceding two years.
Item 3.      Quantitative and Qualitative Disclosures About Market Risk
There has not been any material change in the market risk disclosures contained in our 2022 Form 10-K.
Item 4.      Controls and Procedures
An evaluation of our disclosure controls and procedures (as defined in Rule 13a-15(e) of the Securities Exchange Act of 1934 (the "Act")) as of March 31, 2023, was carried out under the supervision and with the participation of the Company's Chief Executive Officer, Chief Financial Officer and several other members of the Company's senior management. The Company's Chief Executive Officer and Chief Financial Officer concluded that the Company's disclosure controls and procedures in effect as of March 31, 2023, were effective in ensuring that the information required to be disclosed by the Company in the reports it files or submits under the Act is: (i) accumulated and communicated to the Company's management (including the Chief Executive Officer and Chief Financial Officer) in a timely manner and (ii) recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms.
The Company does not expect that its disclosure controls and procedures and internal control over financial reporting will prevent all errors and all fraud. A control procedure, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control procedure are met. Because of the inherent limitations in all control procedures, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls may be circumvented by the individual acts of some persons, by collusion of two or more people, or by override of the control. The design of any control procedure also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions; over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate. Because of the inherent limitations in a cost-effective control procedure, misstatements due to error or fraud may occur and not be detected.
PART II.  OTHER INFORMATION
Item 1.    Legal Proceedings
The "Litigation" section of "Note 12 – Commitments and Contingencies" to the Consolidated Financial Statements included in Part I, Item 1 is incorporated herein by reference.
Item 1A.    Risk Factors
There have been no material changes in the Risk Factors previously disclosed in Item 1A of the 2022 Form 10-K.
Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds
(a) Not applicable
(b) Not applicable
(c) Not applicable
Total Number
Of Shares Purchased		Average
Price Paid per Share		Total Number Of Shares Purchased as Part of Publicly Announced PlansMaximum
Number of
Shares that May
Yet Be Purchased Under Publicly Announced Plans
January 1 - January 31, 2023— $— — 266,639 
February 1 - February 28, 2023— — — 266,639 
March 1 - March 31, 2023— — — 266,639 
Total— $— — 266,639 
No stock was repurchased during the nine months ended March 31, 2023.
Item 3.     Defaults Upon Senior Securities
Nothing to report.
49

Item 4.     Mine Safety Disclosures
Not applicable.
Item 5.     Other Information
Nothing to report.
Item 6.     Exhibits
Regulation
S-K Exhibit Number		DocumentReference to Prior Filing or Exhibit Number Attached Hereto
   
3.1(d)
3.2(f)
10.1(a)
10.2(a)
10.3(g)
10.3A(b)
10.3B(h)
10.3C(o)
10.3D(e)
10.4(g)
10.4A(a)
10.5(d)
10.6(m)
10.7(l)
10.7A(d)
10.7B(d)
10.7C(d)
10.7D(d)
10.7E(d)
10.7F(d)
10.7G(d)
10.7H(d)
10.7I(i)
10.8(d)
10.8A(d)
10.8B(d)
10.8C(d)
10.8D(d)
10.8E(d)
10.8F(d)
10.8G(d)
10.9(d)
10.9A(m)
10.9B(m)
10.9C(r)
10.10(d)
10.10A(m)
10.11(d)
50

10.11A(m)
10.12(j)
10.13(q)
10.14(k)
10.15(k)
10.16(k)
10.17(k)
10.18(k)
10.19(n)
10.20(c)
10.20A(a)
10.21(g)
10.21A(a)
10.22(p)
10.22A(a)
10.23(r)
10.23A(a)
10.24(r)
10.24A(a)
10.25(a)
31.131.1
31.231.2
32.032.0
101The following materials from HomeTrust Bancshares’ Annual Report on Form 10-K for the year ended June 30, 2022, formatted in Extensible Business Reporting Language (XBRL): (a) Consolidated Balance Sheets; (b) Consolidated Statements of Income; (c) Consolidated Statements of Comprehensive Income; (d) Consolidated Statements of Changes in Stockholders' Equity; (e) Consolidated Statements of Cash Flows; and (f) Notes to Consolidated Financial Statements.101
(a)Filed as an exhibit to HomeTrust Bancshares's Annual Report on Form 10-K for the fiscal year ended June 30, 2022 (File No. 001-35593).
(b)Filed as an exhibit to HomeTrust Bancshares’s Current Report on Form 8-K filed on September 25, 2018 (File No. 001-35593).
(c)Filed as an exhibit to HomeTrust Bancshares's Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 (File No. 001-35593).
(d)Filed as an exhibit to HomeTrust Bancshares’s Registration Statement on Form S-1 (File No. 333-178817) filed on December 29, 2011.
(e)Filed as an exhibit to HomeTrust Bancshares's Current Report on Form 8-K filed on May 24, 2022 (File No. 001-35593).
(f)Filed as an exhibit to HomeTrust Bancshares's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (File No. 001-35593).
(g)Filed as an exhibit to HomeTrust Bancshares’s Current Report on Form 8-K filed on September 11, 2018 (File No. 001-35593).
(h)Filed as an exhibit to HomeTrust Bancshares's Current Report on Form 8-K filed on October 28, 2020 (File No. 001-35593).
(i)Filed as an exhibit to Amendment No. 1 to HomeTrust Bancshares’s Registration Statement on Form S-1 (File No. 333-178817) filed on March 9, 2012.
(j)Attached as Appendix A to HomeTrust Bancshares’s definitive proxy statement filed on December 5, 2012 (File No. 001-35593).
(k)Filed as an exhibit to HomeTrust Bancshares’s Registration Statement on Form S-8 (File No. 333-186666) filed on February 13, 2013.
(l)Filed as an exhibit to HomeTrust Bancshares's Current Report on Form 8-K filed on February 15, 2022 (File No. 001-35593).
(m)Filed as an exhibit to HomeTrust Bancshares's Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (File No. 001-35593).
(n)Filed as an exhibit to HomeTrust Bancshares's Annual Report on Form 10-K for the fiscal year ended June 30, 2014 (File No. 001-35593).
(o)Filed as an exhibit to HomeTrust Bancshares's Current Report on Form 8-K filed on July 28, 2021 (File No. 001-35593).
(p)Filed as an exhibit to HomeTrust Bancshares's Annual Report on Form 10-K for the fiscal year ended June 30, 2018 (File No. 001-35593).
(q)Attached as Appendix A to HomeTrust Bancshares’s definitive proxy statement filed on October 3, 2022 (File No. 001-35593).
(r)Filed as an exhibit to HomeTrust Bancshares's Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (File No. 001-35593).
51

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
HOMETRUST BANCSHARES, INC.
Date: May 9, 2023By:/s/ C. Hunter Westbrook
C. Hunter Westbrook
President and Chief Executive Officer
(Duly Authorized Officer)
Date: May 9, 2023By:/s/ Tony J. VunCannon
Tony J. VunCannon
Executive Vice President, CFO, Corporate Secretary and Treasurer
(Principal Financial and Accounting Officer)

52

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

DISCLAIMER

CompaniesMarketCap is not associated in any way with CoinMarketCap.com
Stock prices are delayed, the delay can range from a few minutes to several hours.
Company logos are from the CompaniesLogo.com logo database and belong to their respective copyright holders. Companies Marketcap displays them for editorial purposes only.

Contact

For inquiries or if you want to report a problem write to hello@8marketcap.com

Links

- Privacy policy

- Terms and conditions

© 2025 CompaniesMarketcap.com