Investment Securities (Tables)

6 Months Ended

Dec. 31, 2022

Investment Securities

Schedule of available-for-sale securities reconciliation

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair		Carrying
December 31, 2022	Cost		Gains		(Losses)		Value		Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS(1)	$	163,612	$	—	$	(19,500)	$	144,112	$	163,612
U.S. government sponsored enterprise CMO(2)		3,907		—		(313)		3,594		3,907
U.S. SBA securities(3)		713		—		—		713		713
Total investment securities - held to maturity		168,232		—		(19,813)		148,419		168,232
Available for sale
U.S. government agency MBS		1,569		—		(36)		1,533		1,533
U.S. government sponsored enterprise MBS		754		—		(12)		742		742
Private issue CMO		110		—		(8)		102		102
Total investment securities - available for sale		2,433		—		(56)		2,377		2,377
Total investment securities	$	170,665	$	—	$	(19,869)	$	150,796	$	170,609

(1)Mortgage-Backed Securities (“MBS”).

(2)Collateralized Mortgage Obligations (“CMO”).

(3)Small Business Administration (“SBA”).

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair		Carrying
June 30, 2022	Cost		Gains		(Losses)		Value		Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS	$	180,492	$	63	$	(13,945)	$	166,610	$	180,492
U.S. government sponsored enterprise CMO		3,913		—		(150)		3,763		3,913
U.S. SBA securities		940		11		—		951		940
Certificate of deposits		400		—		—		400		400
Total investment securities - held to maturity		185,745		74		(14,095)		171,724		185,745
Available for sale
U.S. government agency MBS		1,698		6		(6)		1,698		1,698
U.S. government sponsored enterprise MBS		865		4		(4)		865		865
Private issue CMO		118		—		(5)		113		113
Total investment securities - available for sale		2,681		10		(15)		2,676		2,676
Total investment securities	$	188,426	$	84	$	(14,110)	$	174,400	$	188,421

Schedule of investments with unrealized loss position

As of December 31, 2022	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	$	15,934	$	369	$	128,178	$	19,131	$	144,112	$	19,500
U.S. government sponsored enterprise CMO		3,594		313		—		—		3,594		313
Total investment securities - held to maturity		19,528		682		128,178		19,131		147,706		19,813
Available for sale
U.S government agency MBS		1,533		36		—		—		1,533		36
U.S. government sponsored enterprise MBS		669		11		22		1		691		12
Private issue CMO		102		8		—		—		102		8
Total investment securities - available for sale		2,304		55		22		1		2,326		56
Total investment securities	$	21,832	$	737		128,200	$	19,132	$	150,032	$	19,869

As of June 30, 2022	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	$	121,844	$	9,018	$	35,528	$	4,927	$	157,372	$	13,945
U.S. government sponsored enterprise CMO		3,764		150		—		—		3,764		150
Total investment securities - held to maturity		125,608		9,168		35,528		4,927		161,136		14,095
Available for sale
U.S government agency MBS		826		6		—		—		826		6
U.S. government sponsored enterprise MBS		671		4		—		—		671		4
Private issue CMO		113		5		—		—		113		5
Total investment securities - available for sale		1,610		15		—		—		1,610		15
Total investment securities	$	127,218	$	9,183	$	35,528	$	4,927	$	162,746	$	14,110

Schedule of investments classified by contractual maturity

	December 31, 2022				June 30, 2022
			Estimated				Estimated
	Amortized		Fair		Amortized		Fair
(In Thousands)	Cost		Value		Cost		Value
Held to maturity
Due in one year or less	$	1,209	$	1,198	$	1,427	$	1,425
Due after one through five years		7,405		7,129		10,908		10,805
Due after five through ten years		69,583		62,622		77,167		72,625
Due after ten years		90,035		77,470		96,243		86,869
Total investment securities - held to maturity		168,232		148,419		185,745		171,724
Available for sale
Due in one year or less		—		—		—		—
Due after one through five years		—		—		—		—
Due after five through ten years		233		229		98		98
Due after ten years		2,200		2,148		2,583		2,578
Total investment securities - available for sale		2,433		2,377		2,681		2,676
Total investment securities	$	170,665	$	150,796	$	188,426	$	174,400