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Leases (Tables)
6 Months Ended
Dec. 31, 2022
Leases  
Schedule of supplemental information related to operating leases

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As of

(In Thousands)

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December 31, 2022

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June 30, 2022

Condensed Consolidated Statements of Condition:

 

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Premises and equipment - Operating lease right of use assets

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$

1,727

 

$

1,969

Accounts payable, accrued interest and other liabilities – Operating lease liabilities

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$

1,747

 

$

1,998

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Quarter Ended

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Six Months Ended

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December 31, 

    

December 31, 

(In Thousands)

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2022

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2021

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2022

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2021

Condensed Consolidated Statements of Operations:

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Premises and occupancy expenses from operating leases(1)

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$

193

 

$

195

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$

386

 

$

395

Equipment expenses from operating leases

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$

23

 

$

24

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$

45

 

$

47

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(1)Includes immaterial variable lease costs.

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Six Months Ended

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Six Months Ended

(In Thousands)

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December 31, 2022

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December 31, 2021

Condensed Consolidated Statements of Cash Flows:

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Operating cash flows from operating leases, net

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$

437

 

$

465

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Schedule of remaining minimum contractual lease payments and other information associated with leases

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Amount(1)

 

Year Ending June 30, 

 

(In Thousands)

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2023

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$

418

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2024

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644

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2025

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467

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2026

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236

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2027

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39

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Thereafter

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—

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Total contract lease payments

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$

1,804

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Total liability to make lease payments

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$

1,747

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Difference in undiscounted and discounted future lease payments

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$

57

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Weighted average discount rate

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2.26

%

Weighted average remaining lease term (years)

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2.6

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(1)Contractual base rents do not include property taxes and other operating expenses due under respective lease agreements.