Deposits (Tables)

12 Months Ended

Jun. 30, 2021

Deposits

Schedule of Deposits

Deposits at June 30, 2021 and 2020 consisted of the following:

	June 30, 2021				June 30, 2020
(Dollars in Thousands)	Interest Rate	Amount			Interest Rate	Amount
Checking deposits – non interest-bearing	—	$	123,179		—	$	118,771
Checking deposits – interest-bearing(1)	0% - 0.20%		327,388		0% - 0.25%		290,463
Savings deposits(1)	0% - 0.70%		307,299		0% - 1.00%		273,769
Money market deposits(1)	0% - 2.00%		39,670		0% - 2.00%		39,989
Time deposits:(1)
Under $100	0.00% - 2.13%		71,026		0.00% - 2.13%		82,180
$100 and over	0.05% - 2.13%		69,411		0.15% - 2.13%		87,797
Total deposits		$	937,973			$	892,969
Weighted-average interest rate on deposits			0.15	%			0.26	%

(1) Certain interest-bearing checking, savings, money market and time deposits require a minimum balance to earn interest.

Schedule of Annual Maturities of Time Deposits

The aggregate annual maturities of time deposits at June 30, 2021 and 2020 were as follows:

	June 30,
(In Thousands)	2021		2020
One year or less	$	76,705	$	90,576
Over one to two years		37,687		33,995
Over two to three years		11,230		25,937
Over three to four years		11,923		8,184
Over four to five years		2,493		10,350
Over five years		399		935
Total time deposits	$	140,437	$	169,977

Schedule of Interest Expense on Deposits

Interest expense on deposits for the years indicated is summarized as follows:

	Year Ended June 30,
(In Thousands)	2021		2020
Checking deposits – interest-bearing	$	188	$	314
Savings deposits		208		496
Money market deposits		80		110
Time deposits		1,269		2,023
Total interest expense on deposits	$	1,745	$	2,943