Investment Securities (Tables)

12 Months Ended

Jun. 30, 2023

Investment Securities

Schedule of available-for-sale securities reconciliation

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair		Carrying
June 30, 2023	Cost		Gains		(Losses)		Value		Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS(1)	$	149,803	$	—	$	(18,459)	$	131,344	$	149,803
U.S. government sponsored enterprise CMO(2)		3,883		—		(336)		3,547		3,883
U.S. SBA securities(3)		651		—		(1)		650		651
Total investment securities - held to maturity		154,337		—		(18,796)		135,541		154,337
Available for sale
U.S. government agency MBS(1)		1,417		—		(47)		1,370		1,370
U.S. government sponsored enterprise MBS(1)		697		—		(14)		683		683
Private issue CMO(2)		103		—		(1)		102		102
Total investment securities - available for sale		2,217		—		(62)		2,155		2,155
Total investment securities	$	156,554	$	—	$	(18,858)	$	137,696	$	156,492

(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
Certificates of deposit		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 June 30, 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	$	10,839	$	253	$	120,506	$	18,206	$	131,345	$	18,459
U.S. government sponsored enterprise CMO		—		—		3,547		336		3,547		336
U.S. SBA securities		650	$	1		—		—		650		1
Total investment securities - held to maturity		11,489		254		124,053		18,542		135,542		18,796
Available for sale
U.S government agency MBS		696		20		673		27		1,369		47
U.S. government sponsored enterprise MBS		87		2		558		12		645		14
Private issue CMO		—		—		102		1		102		1
Total investment securities - available for sale		783		22		1,333		40		2,116		62
Total investment securities	$	12,272	$	276	$	125,386	$	18,582	$	137,658	$	18,858

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

	June 30, 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	$	303	$	300	$	1,427	$	1,425
Due after one through five years		7,686		7,365		10,908		10,805
Due after five through ten years		61,043		54,686		77,167		72,625
Due after ten years		85,305		73,190		96,243		86,869
Total investment securities - held to maturity		154,337		135,541		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		590		580		98		98
Due after ten years		1,627		1,575		2,583		2,578
Total investment securities - available for sale		2,217		2,155		2,681		2,676
Total investment securities	$	156,554	$	137,696	$	188,426	$	174,400