Operating leases (Tables)

9 Months Ended

Mar. 31, 2020

Quantitative Data Related to Operating Leases

The following includes quantitative data related to the Company’s operating leases as of March 31, 2020:

(In thousands, except weighted-average information).
Operating Lease Amounts	March 31, 2020
Right-of-use assets	$	1,638
Lease liabilities	$	1,647

Other Information:
Operating outgoing cash flows from operating leases	$	226
Right-of-use assets obtained in exchange for new operating lease liabilities	$	1,840
Weighted-average remaining lease term (Years)		7.43
Weighted-average discount rate		2.52	%

	Three months ended March 31, 2020		Nine months ended March 31, 2020
(In thousands)
Lease Costs
Operating lease cost	$	63	$	205
Variable lease cost	$	10	$	30

Undiscounted Cash Flows of Operating Lease Liabilities

The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding common area maintenance charges and real estate taxes, as of March 31, 2020:

(in thousands)
Within the twelve months ended March 31,
2021	$	282
2022		272
2023		217
2024		212
2025		217
Thereafter		613
Total undiscounted cash flow		1,813
Less net present value adjustment		(166	)
Lease Liability	$	1,647