Investment Securities (Tables)

9 Months Ended

Mar. 31, 2023

Investment Securities

Schedule of available-for-sale securities reconciliation

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair		Carrying
March 31, 2023	Cost		Gains		(Losses)		Value		Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS(1)	$	156,785	$	1	$	(17,189)	$	139,597	$	156,785
U.S. government sponsored enterprise CMO(2)		3,895		—		(278)		3,617		3,895
U.S. SBA securities(3)		656		—		—		656		656
Total investment securities - held to maturity		161,336		1		(17,467)		143,870		161,336
Available for sale
U.S. government agency MBS		1,463		—		(23)		1,440		1,440
U.S. government sponsored enterprise MBS		725		—		(12)		713		713
Private issue CMO		107		—		(9)		98		98
Total investment securities - available for sale		2,295		—		(44)		2,251		2,251
Total investment securities	$	163,631	$	1	$	(17,511)	$	146,121	$	163,587

(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 March 31, 2023	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	$	10,921	$	180	$	127,749	$	17,009	$	138,670	$	17,189
U.S. government sponsored enterprise CMO		—		—		3,617		278		3,617		278
U.S. SBA securities		656	$	—		—		—		656		—
Total investment securities - held to maturity		11,577		180		131,366		17,287		142,943		17,467
Available for sale
U.S government agency MBS		1,440		23		—		—		1,440		23
U.S. government sponsored enterprise MBS		315		5		352		7		667		12
Private issue CMO		—		—		98		9		98		9
Total investment securities - available for sale		1,755		28		450		16		2,205		44
Total investment securities	$	13,332	$	208		131,816	$	17,303	$	145,148	$	17,511

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

	March 31, 2023				June 30, 2022
			Estimated				Estimated
	Amortized		Fair		Amortized		Fair
(In Thousands)	Cost		Value		Cost		Value
Held to maturity
Due in one year or less	$	662	$	656	$	1,427	$	1,425
Due after one through five years		8,665		8,406		10,908		10,805
Due after five through ten years		64,372		58,501		77,167		72,625
Due after ten years		87,637		76,307		96,243		86,869
Total investment securities - held to maturity		161,336		143,870		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		390		381		98		98
Due after ten years		1,905		1,870		2,583		2,578
Total investment securities - available for sale		2,295		2,251		2,681		2,676
Total investment securities	$	163,631	$	146,121	$	188,426	$	174,400