Operating Leases (Tables)

12 Months Ended

Jun. 30, 2023

Operating Leases [Abstract]

Quantitative Data Related to Operating Leases

The following includes quantitative data related to the Company’s operating leases as of June 30, 2023 and 2022:

(In thousands, except weighted-average information).
Operating lease amounts:	2023		2022
Right-of-use assets	$	2,188	$	1,980
Lease liabilities	$	2,277	$	2,040
Other information:
Operating outgoing cash flows from operating leases	$	373	$	352
Right-of-use assets obtained in exchange for new operating lease liabilities	$	561	$	415

(In thousands)
Lease costs	2023		2022
Operating lease cost	$	359	$	322
Variable lease cost	$	43	$	44

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 June 30, 2023:

(In thousands)
Within the twelve months ended June 30,
2024	$	455
2025		459
2026		436
2027		387
2028		330
Thereafter		401
Total undiscounted cash flow		2,468
Less net present value adjustment		(191	)
Lease liability	$	2,277

	2023			2022
Weighted-average remaining lease term (years)		5.84			4.88
Weighted-average discount rate		2.69	%		2.13	%