Investment Securities (Tables)

3 Months Ended

Sep. 30, 2020

Investment Securities

Schedule of available-for-sale securities reconciliation

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair		Carrying
September 30, 2020	Cost		Gains		(Losses)		Value		Value
(In Thousands)
Held to maturity:
U.S. government sponsored enterprise MBS (1)	$	191,224	$	2,844	$	(147)	$	193,921	$	191,224
U.S. SBA securities (2)		2,044		—		(18)		2,026		2,044
Certificate of deposits		600		—		—		600		600
Total investment securities - held to maturity	$	193,868	$	2,844	$	(165)	$	196,547	$	193,868
Available for sale:
U.S. government agency MBS	$	2,612	$	114	$	—	$	2,726	$	2,726
U.S. government sponsored enterprise MBS		1,489		17		—		1,506		1,506
Private issue CMO (3)		188		—		(4)		184		184
Total investment securities - available for sale	$	4,289	$	131	$	(4)	$	4,416	$	4,416
Total investment securities	$	198,157	$	2,975	$	(169)	$	200,963	$	198,284

⁽¹⁾ Mortgage-Backed Securities ("MBS").

⁽²⁾ Small Business Administration ("SBA").

⁽³⁾ Collateralized Mortgage Obligations ("CMO").

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair		Carrying
June 30, 2020	Cost		Gains		(Losses)		Value		Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS	$	115,763	$	2,636	$	(45)	$	118,354	$	115,763
U.S. SBA securities		2,064		—		(17)		2,047		2,064
Certificate of deposits		800		—		—		800		800
Total investment securities - held to maturity	$	118,627	$	2,636	$	(62)	$	121,201	$	118,627
Available for sale
U.S. government agency MBS	$	2,823	$	120	$	—	$	2,943	$	2,943
U.S. government sponsored enterprise MBS		1,556		21		—		1,577		1,577
Private issue CMO		204		—		(7)		197		197
Total investment securities - available for sale	$	4,583	$	141	$	(7)	$	4,717	$	4,717
Total investment securities	$	123,210	$	2,777	$	(69)	$	125,918	$	123,344

Schedule of investments with unrealized loss position

	Unrealized Holding				Unrealized Holding				Unrealized Holding
As of September 30, 2020	Losses				Losses				Losses
(In Thousands)	Less Than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Losses		Value		Losses		Value		Losses
Held to maturity:
U.S. government sponsored enterprise MBS	$	63,446	$	147	$	—	$	—	$	63,446	$	147
U.S. SBA securities		—	$	—		2,026		18		2,026		18
Total investment securities  - held to maturity	$	63,446	$	147	$	2,026	$	18	$	65,472	$	165
Available for sale
Private issue CMO	$	184	$	4	$	—	$	—	$	184	$	4
Total investment securities – available for sale	$	184	$	4	$	—	$	—	$	184	$	4
Total investment securities	$	63,630	$	151	$	2,026	$	18	$	65,656	$	169

	Unrealized Holding				Unrealized Holding				Unrealized Holding
As of June 30, 2020	Losses				Losses				Losses
(In Thousands)	Less Than 12 Months				12 Months or More				Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
Description of Securities	Value		Losses		Value		Losses		Value		Losses
Held to maturity
U.S. government sponsored enterprise MBS	$	12,731	$	45	$	—	$	—	$	12,731	$	45
U.S. SBA securities		—	$	—		2,040		17		2,040		17
Total investment securities - held to maturity	$	12,731	$	45	$	2,040	$	17	$	14,771	$	62
Available for sale
Private issue CMO	$	197	$	7	$	—	$	—	$	197	$	7
Total investment securities - available for sale	$	197	$	7	$	—	$	—	$	197	$	7
Total investment securities	$	12,928	$	52	$	2,040	$	17	$	14,968	$	69

Schedule of investments classified by contractual maturity

	September 30, 2020				June 30, 2020
			Estimated				Estimated
	Amortized		Fair		Amortized		Fair
(In Thousands)	Cost		Value		Cost		Value
Held to maturity:
Due in one year or less	$	600	$	600	$	800	$	800
Due after one through five years		21,057		21,956		19,389		20,194
Due after five through ten years		69,215		70,425		50,895		52,315
Due after ten years		102,996		103,566		47,543		47,892
Total investment securities - held to maturity	$	193,868	$	196,547	$	118,627	$	121,201
Available for sale:
Due in one year or less	$	—	$	—	$	—	$	—
Due after one through five years		—		—		—		—
Due after five through ten years		—		—		—		—
Due after ten years		4,289		4,416		4,583		4,717
Total investment securities - available for sale	$	4,289	$	4,416	$	4,583	$	4,717
Total investment securities	$	198,157	$	200,963	$	123,210	$	125,918