XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2024
Jun. 30, 2024
Statement of Financial Position [Abstract]    
Cash and due from banks $ 9,218 $ 13,897
Interest-bearing deposits 157,225 176,498
Total cash and cash equivalents 166,443 190,395
Long-term certificates of deposit 2,577 2,831
Securities available-for-sale, at fair value 374,453 350,001
Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $439 and $483 at December 31, 2024 and June 30, 2024 770,905 690,354
Equity securities, at fair value 371 328
Federal Home Loan Bank stock, at cost 10,669 7,296
Loans receivable [1],[2] 1,551,400 1,499,473
Allowance for credit losses on loans (20,191) (19,244)
Net loans receivable 1,531,209 1,480,229
Premises and equipment, net 15,416 15,606
Bank-owned life insurance 58,535 57,249
Accrued interest receivable 16,623 14,269
Prepaid expenses and other assets 18,570 17,230
Total assets 2,965,771 2,825,788
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Noninterest-bearing deposits 112,470 125,442
Interest-bearing deposits 2,354,788 2,263,780
Total deposits 2,467,258 2,389,222
Borrowings, short-term 194,100 115,300
Borrowings, long-term 6,976 34,156
Subordinated notes payable, net 49,774 49,681
Accrued expenses and other liabilities 29,214 31,429
Total liabilities 2,747,322 2,619,788
SHAREHOLDERS' EQUITY    
Preferred stock, Authorized - 1,000,000 shares; Issued - None 0 0
Common stock, par value $0.10 per share; Authorized - 36,000,000 shares; Issued – 17,222,680 shares at December 31, 2024 and June 30, 2024; Outstanding – 17,026,828 shares at December 31, 2024, and June 30, 2024 1,722 1,722
Additional paid-in capital 10,156 10,156
Retained earnings 225,421 214,740
Accumulated other comprehensive loss (17,942) (19,710)
Treasury stock, at cost 195,852 shares at December 31, 2024 and June 30, 2024 (908) (908)
Total shareholders’ equity 218,449 206,000
Total liabilities and shareholders’ equity $ 2,965,771 $ 2,825,788
[1] Loan balances exclude accrued interest receivable of $6.9 million and $6.2 million at December 31, 2024 and June 30, 2024, respectively, which is included in accrued interest receivable in the consolidated statement of financial condition.
[2] Loan balances include net deferred fees/costs of ($188,000) and ($42,000) at December 31, 2024 and June 30, 2024, respectively.