Investment Securities (Tables)

12 Months Ended

Jun. 30, 2024

Investment Securities

Schedule of available-for-sale securities reconciliation

			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair		Carrying
June 30, 2024	Cost		Gains		(Losses)		Value		Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS(1)	$	125,883	$	76	$	(15,481)	$	110,478	$	125,883
U.S. government sponsored enterprise CMO(2)		3,713		—		(253)		3,460		3,713
U.S. SBA securities(3)		455		—		—		455		455
Total investment securities - held to maturity		130,051		76		(15,734)		114,393		130,051
Available for sale
U.S. government agency MBS(1)		1,222		—		(14)		1,208		1,208
U.S. government sponsored enterprise MBS(1)		548		5		—		553		553
Private issue CMO(2)		91		—		(3)		88		88
Total investment securities - available for sale		1,861		5		(17)		1,849		1,849
Total investment securities	$	131,912	$	81	$	(15,751)	$	116,242	$	131,900

(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 June 30, 2024	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	$	—	$	—	$	105,530	$	15,481	$	105,530	$	15,481
U.S. government sponsored enterprise CMO		—		—		3,460		253		3,460		253
U.S. SBA securities		455	$	—		—		—		455		—
Total investment securities - held to maturity		455		—		108,990		15,734		109,445		15,734
Available for sale
U.S government agency MBS		91		—		1,117		14		1,208		14
U.S. government sponsored enterprise MBS		—		—		8		—		8		—
Private issue CMO		—		—		88		3		88		3
Total investment securities - available for sale		91		—		1,213		17		1,304		17
Total investment securities	$	546	$	—	$	110,203	$	15,751	$	110,749	$	15,751

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

	June 30, 2024				June 30, 2023
			Estimated				Estimated
	Amortized		Fair		Amortized		Fair
(In Thousands)	Cost		Value		Cost		Value
Held to maturity
Due in one year or less	$	349	$	343	$	303	$	300
Due after one through five years		4,328		4,167		7,686		7,365
Due after five through ten years		49,331		44,830		61,043		54,686
Due after ten years		76,043		65,053		85,305		73,190
Total investment securities - held to maturity		130,051		114,393		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		1,055		1,053		590		580
Due after ten years		806		796		1,627		1,575
Total investment securities - available for sale		1,861		1,849		2,217		2,155
Total investment securities	$	131,912	$	116,242	$	156,554	$	137,696