Operating leases (Tables)

6 Months Ended

Dec. 31, 2024

Operating leases [Abstract]

Quantitative Data Related to Operating Leases

The following includes quantitative data related to the Company’s operating leases at December 31, 2024 and June 30, 2024, and for the three and six months ended December 31, 2024 and 2023:

(In thousands)
Operating lease amounts:	December 31, 2024		June 30, 2024
Right-of-use assets	$	1,972	$	2,071
Lease liabilities	$	2,057	$	2,159

	For the three months ended December 31,
(In thousands)	2024		2023
Other information:
Operating outgoing cash flows from operating leases	$	125	$	115
Lease costs:
Operating lease cost	$	114	$	106
Variable lease cost	$	11	$	11

	For the six months ended December 31,
(In thousands)	2024		2023
Other information:
Operating outgoing cash flows from operating leases	$	250	$	228
Right-of-use assets obtained in exchange for new operating lease liabilities	$	117	$	561
Lease costs:
Operating lease cost	$	227	$	208
Variable lease cost	$	22	$	22

Undiscounted Cash Flows of Operating Lease Liabilities

The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, as of December 31, 2024:

(In thousands, except weighted-average information)
Within the twelve months ended December 31,
2025	$	507
2026		510
2027		418
2028		335
2029		232
Thereafter		226
Total undiscounted cash flow		2,228
Less net present value adjustment		(171	)
Lease liability	$	2,057
Weighted-average remaining lease term (years)		4.87
Weighted-average discount rate		3.16	%