Operating leases (Tables)

3 Months Ended

Sep. 30, 2020

Quantitative Data Related to Operating Leases

The following includes quantitative data related to the Company’s operating leases as of September 30, 2020:

(In thousands, except weighted-average information).
Operating lease amounts:	September 30, 2020		June 30, 2020
Right-of-use assets	$	2,122	$	1,575
Lease liabilities	$	2,138	$	1,587

	For the three months ended September 30,
	2020		2019
(In thousands)
Other information:
Operating outgoing cash flows from operating leases	$	88	$	78
Right-of-use assets obtained in exchange for new operating lease liabilities	$	625	$	1,840

Lease costs:
Operating lease cost	$	80	$	72
Variable lease cost	$	10	$	10

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 September 30, 2020:

(in thousands)
Within the twelve months ended September 30,
2021	$	338
2022		310
2023		270
2024		283
2025		280
Thereafter		848
Total undiscounted cash flow		2,329
Less net present value adjustment		(191	)
Lease Liability	$	2,138

Weighted-average remaining lease term (Years)		6.39
Weighted-average discount rate		2.22	%