Operating leases (Tables)

6 Months Ended

Dec. 31, 2021

Quantitative Data Related to Operating Leases

The following includes quantitative data related to the Company’s operating leases as of December 31, 2021 and June 30, 2021, and for the three and six months ended December 31, 2021 and 2020:

(In thousands, except weighted-average information).
Operating lease amounts:	December 31, 2021		June 30, 2021
Right-of-use assets	$	2,142	$	1,887
Lease liabilities	$	2,195	$	1,921

	For the three months ended December 31,
	2021		2020
(In thousands)
Other information:
Operating outgoing cash flows from operating leases	$	87	$	86
Right-of-use assets obtained in exchange for new operating lease liabilities	$	415	$	625

Lease costs:
Operating lease cost	$	81	$	81
Variable lease cost	$	10	$	10

	For the six months ended December 31,
	2021		2020
(In thousands)
Other information:
Operating outgoing cash flows from operating leases	$	174	$	173
Right-of-use assets obtained in exchange for new operating lease liabilities	$	415	$	625

Lease costs:
Operating lease cost	$	161	$	161
Variable lease cost	$	20	$	20

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 December 31, 2021:

(in thousands)
Within the twelve months ended December 31,
2022	$	357
2023		366
2024		377
2025		369
2026		340
Thereafter		543
Total undiscounted cash flow		2,352
Less net present value adjustment		(157	)
Lease Liability	$	2,195

Weighted-average remaining lease term (Years)		5.38
Weighted-average discount rate		2.12	%