Investment Securities (Tables)

6 Months Ended

Dec. 31, 2020

Investment Securities

Schedule of available-for-sale securities reconciliation

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair		Carrying
December 31, 2020	Cost		Gains		(Losses)		Value		Value
(In Thousands)
Held to maturity:
U.S. government sponsored enterprise MBS (1)	$	200,195	$	3,433	$	(63)	$	203,565	$	200,195
U.S. SBA securities (2)		1,903		—		(17)		1,886		1,903
Certificate of deposits		1,000		—		—		1,000		1,000
Total investment securities - held to maturity	$	203,098	$	3,433	$	(80)	$	206,451	$	203,098
Available for sale:
U.S. government agency MBS	$	2,463	$	88	$	—	$	2,551	$	2,551
U.S. government sponsored enterprise MBS		1,420		14		—		1,434		1,434
Private issue CMO (3)		174		—		(1)		173		173
Total investment securities - available for sale	$	4,057	$	102	$	(1)	$	4,158	$	4,158
Total investment securities	$	207,155	$	3,535	$	(81)	$	210,609	$	207,256

⁽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 December 31, 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	$	10,015	$	63	$	—	$	—	$	10,015	$	63
U.S. SBA securities		—	$	—		1,886		17		1,886		17
Total investment securities  - held to maturity	$	10,015	$	63	$	1,886	$	17	$	11,901	$	80
Available for sale:
Private issue CMO	$	173	$	1	$	—	$	—	$	173	$	1
Total investment securities – available for sale	$	173	$	1	$	—	$	—	$	173	$	1
Total investment securities	$	10,188	$	64	$	1,886	$	17	$	12,074	$	81

	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

	December 31, 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	$	1,000	$	1,000	$	800	$	800
Due after one through five years		19,081		19,913		19,389		20,194
Due after five through ten years		76,934		78,367		50,895		52,315
Due after ten years		106,083		107,171		47,543		47,892
Total investment securities - held to maturity	$	203,098	$	206,451	$	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		4,057		4,158		4,583		4,717
Total investment securities - available for sale	$	4,057	$	4,158	$	4,583	$	4,717
Total investment securities	$	207,155	$	210,609	$	123,210	$	125,918