Operating Leases (Tables)

12 Months Ended

Jun. 30, 2024

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, 2024 and 2023:

(In thousands)
Operating lease amounts:	2024		2023
Right-of-use assets	$	2,071	$	2,188
Lease liabilities	$	2,159	$	2,277
Other information:
Operating outgoing cash flows from operating leases	$	471	$	373
Right-of-use assets obtained in exchange for new operating lease liabilities	$	251	$	561

(In thousands)
Lease costs	2024		2023
Operating lease cost	$	426	$	359
Variable lease cost	$	44	$	43

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, 2024:

(In thousands, except weighted-average information)
Within the twelve months ended June 30,
2025	$	501
2026		488
2027		442
2028		372
2029		228
Thereafter		313
Total undiscounted cash flow		2,344
Less net present value adjustment		(185	)
Lease liability	$	2,159

	2024			2023
Weighted-average remaining lease term (years)		5.20			5.84
Weighted-average discount rate		3.03	%		2.69	%