Investment Securities (Tables)

3 Months Ended

Sep. 30, 2023

Investment Securities

Schedule of available-for-sale securities reconciliation

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair		Carrying
September 30, 2023	Cost		Gains		(Losses)		Value		Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS(1)	$	143,070	$	1	$	(20,376)	$	122,695	$	143,070
U.S. government sponsored enterprise CMO(2)		3,870		—		(347)		3,523		3,870
U.S. SBA securities(3)		634		—		(1)		633		634
Total investment securities - held to maturity		147,574		1		(20,724)		126,851		147,574
Available for sale
U.S. government agency MBS		1,379		—		(39)		1,340		1,340
U.S. government sponsored enterprise MBS		662		—		(10)		652		652
Private issue CMO		101		—		(3)		98		98
Total investment securities - available for sale		2,142		—		(52)		2,090		2,090
Total investment securities	$	149,716	$	1	$	(20,776)	$	128,941	$	149,664

(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, 2023	Cost		Gains		(Losses)		Value		Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS	$	149,803	$	—	$	(18,459)	$	131,344	$	149,803
U.S. government sponsored enterprise CMO		3,883		—		(336)		3,547		3,883
U.S. SBA securities		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		1,417		—		(47)		1,370		1,370
U.S. government sponsored enterprise MBS		697		—		(14)		683		683
Private issue CMO		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

Schedule of investments with unrealized loss position

As of September 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	$	2,237	$	3	$	119,202	$	20,373	$	121,439	$	20,376
U.S. government sponsored enterprise CMO		—		—		3,523		347		3,523		347
U.S. SBA securities		—		—		633		1		633		1
Total investment securities - held to maturity		2,237		3		123,358		20,721		125,595		20,724
Available for sale
U.S government agency MBS		—		—		1,340		39		1,340		39
U.S. government sponsored enterprise MBS		62		1		558		9		620		10
Private issue CMO		—		—		98		3		98		3
Total investment securities - available for sale		62		1		1,996		51		2,058		52
Total investment securities	$	2,299	$	4		125,354	$	20,772	$	127,653	$	20,776

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

Schedule of investments classified by contractual maturity

	September 30, 2023				June 30, 2023
			Estimated				Estimated
	Amortized		Fair		Amortized		Fair
(In Thousands)	Cost		Value		Cost		Value
Held to maturity
Due in one year or less	$	101	$	100	$	303	$	300
Due after one through five years		6,861		6,557		7,686		7,365
Due after five through ten years		57,770		51,267		61,043		54,686
Due after ten years		82,842		68,927		85,305		73,190
Total investment securities - held to maturity		147,574		126,851		154,337		135,541
Available for sale
Due in one year or less		—		—		—		—
Due after one through five years		—		—		—		—
Due after five through ten years		569		560		590		580
Due after ten years		1,573		1,530		1,627		1,575
Total investment securities - available for sale		2,142		2,090		2,217		2,155
Total investment securities	$	149,716	$	128,941	$	156,554	$	137,696