Investment Securities (Tables)

3 Months Ended

Sep. 30, 2021

Investment Securities

Schedule of available-for-sale securities reconciliation

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair		Carrying
September 30, 2021	Cost		Gains		(Losses)		Value		Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS(1)	$	203,749	$	1,689	$	(1,101)	$	204,337	$	203,749
U.S. SBA securities(2)		1,272		11		—		1,283		1,272
Certificate of deposits		800		—		—		800		800
Total investment securities - held to maturity	$	205,821	$	1,700	$	(1,101)	$	206,420	$	205,821
Available for sale
U.S. government agency MBS	$	1,993	$	69	$	—	$	2,062	$	2,062
U.S. government sponsored enterprise MBS		1,091		13		—		1,104		1,104
Private issue CMO(3)		147		3		—		150		150
Total investment securities - available for sale	$	3,231	$	85	$	—	$	3,316	$	3,316
Total investment securities	$	209,052	$	1,785	$	(1,101)	$	209,736	$	209,137

(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, 2021	Cost		Gains		(Losses)		Value		Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS	$	220,448	$	2,209	$	(810)	$	221,847	$	220,448
U.S. SBA securities		1,858		16		—		1,874		1,858
Certificate of deposits		1,000		—		—		1,000		1,000
Total investment securities - held to maturity	$	223,306	$	2,225	$	(810)	$	224,721	$	223,306
Available for sale
U.S. government agency MBS	$	2,146	$	76	$	—	$	2,222	$	2,222
U.S. government sponsored enterprise MBS		1,197		14		—		1,211		1,211
Private issue CMO		151		3		—		154		154
Total investment securities - available for sale	$	3,494	$	93	$	—	$	3,587	$	3,587
Total investment securities	$	226,800	$	2,318	$	(810)	$	228,308	$	226,893

Schedule of investments with unrealized loss position

As of September 30, 2021	Unrealized Holding Losses				Unrealized Holding Losses				Unrealized Holding 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	$	119,650	$	746	$	8,787	$	355	$	128,437	$	1,101
Total investment securities - held to maturity	$	119,650	$	746	$	8,787	$	355	$	128,437	$	1,101
Total investment securities	$	119,650	$	746	$	8,787	$	355	$	128,437	$	1,101

As of June 30, 2021	Unrealized Holding Losses				Unrealized Holding Losses				Unrealized Holding 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	$	84,600	$	810	$	—	$	—	$	84,600	$	810
U.S. SBA securities		—		—		—		—		—		—
Total investment securities - held to maturity	$	84,600	$	810	$	—	$	—	$	84,600	$	810
Total investment securities	$	84,600	$	810	$	—	$	—	$	84,600	$	810

Schedule of investments classified by contractual maturity

	September 30, 2021				June 30, 2021
			Estimated				Estimated
	Amortized		Fair		Amortized		Fair
(In Thousands)	Cost		Value		Cost		Value
Held to maturity
Due in one year or less	$	1,136	$	1,152	$	1,209	$	1,218
Due after one through five years		13,141		13,696		14,544		15,179
Due after five through ten years		82,772		83,286		90,798		91,780
Due after ten years		108,772		108,286		116,755		116,544
Total investment securities - held to maturity	$	205,821	$	206,420	$	223,306	$	224,721
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		3,231		3,316		3,494		3,587
Total investment securities - available for sale	$	3,231	$	3,316	$	3,494	$	3,587
Total investment securities	$	209,052	$	209,736	$	226,800	$	228,308