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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Statement of Financial Position [Abstract]    
Cash and due from banks $ 12,717 $ 13,897
Interest-bearing deposits 142,766 176,498
Total cash and cash equivalents 155,483 190,395
Long-term certificates of deposit 1,640 2,831
Securities available-for-sale, at fair value 355,432 350,001
Securities held-to-maturity, at amortized cost, net of allowance for credit losses of $422 and $483 at March 31, 2025 and June 30, 2024 781,338 690,354
Equity securities, at fair value 400 328
Federal Home Loan Bank stock, at cost 3,834 7,296
Loans receivable [1],[2] 1,619,378 1,499,473
Allowance for credit losses on loans (21,196) (19,244)
Net loans receivable 1,598,182 1,480,229
Premises and equipment, net 15,202 15,606
Bank-owned life insurance 59,160 57,249
Accrued interest receivable 18,433 14,269
Prepaid expenses and other assets 18,852 17,230
Total assets 3,007,956 2,825,788
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Noninterest-bearing deposits 116,195 125,442
Interest-bearing deposits 2,538,522 2,263,780
Total deposits 2,654,717 2,389,222
Borrowings, short-term 42,000 115,300
Borrowings, long-term 2,195 34,156
Subordinated notes payable, net 49,820 49,681
Accrued expenses and other liabilities 30,181 31,429
Total liabilities 2,778,913 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 March 31, 2025 and June 30, 2024; Outstanding – 17,026,828 shares at March 31, 2025, and June 30, 2024 1,722 1,722
Additional paid-in capital 10,156 10,156
Retained earnings 232,773 214,740
Accumulated other comprehensive loss (14,700) (19,710)
Treasury stock, at cost 195,852 shares at March 31, 2025 and June 30, 2024 (908) (908)
Total shareholders’ equity 229,043 206,000
Total liabilities and shareholders’ equity $ 3,007,956 $ 2,825,788
[1] Loan balances exclude accrued interest receivable of $7.2 million and $6.2 million at March 31, 2025 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 ($217,000) and ($42,000) at March 31, 2025 and June 30, 2024, respectively.