XML 40 R28.htm IDEA: XBRL DOCUMENT v3.25.3
Fair Value Measurements and Fair Value of Financial Instruments (Tables)
 3 Months Ended
Sep. 30, 2025
Fair Value Measurements and Fair Value of Financial Instruments [Abstract]  
Assets Measured at Fair Value on Recurring Basis
For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used are as follows:
 
                         
           Fair Value Measurements Using
           Quoted prices
in active
markets for
identical assets 		     Significant
  other observable
inputs 		     Significant
unobservable
inputs 		 
(In thousands)

 September 30, 2025 
 (Level 1) 
 (Level 2) 
 (Level 3) 
Assets:
                       
U.S. Treasury securities
 $ 10,539   $ -    $ 10,539   $ -  
U.S. government sponsored enterprises
   11,752       -      11,752       -  
State and political subdivisions
   203,441       -      203,441       -  
Mortgage-backed securities-residential
   30,700       -      30,700       -  
Mortgage-backed securities-multi-family
   75,536       -      75,536       -  
Corporate debt securities
   18,105       -      18,105       -  
Securities available-for-sale
   350,073       -      350,073       -  
Equity securities
   391     391       -        -  
Interest rate swaps
   5,655       -      5,655       -  
Total
 $ 356,119   $ 391   $ 355,728   $ -  
                         
Liabilities:
                       
Interest rate swaps                        
 $ 5,655   $ -    $ 5,655   $ -  
Total
 $ 5,655   $ -    $ 5,655   $ -  
                         
           Fair Value Measurements Using
           Quoted prices
   in active markets
for identical assets 		     Significant
   other observable
inputs 		     Significant
unobservable
inputs 		 
(In thousands)
   June 30, 2025      (Level 1)      (Level 2)      (Level 3)  
Assets:
                       
U.S. Treasury securities
 $ 10,453   $ -    $ 10,453   $ -  
U.S. government sponsored enterprises
   11,644       -      11,644       -  
State and political subdivisions
   209,844       -      209,844       -  
Mortgage-backed securities-residential
   31,587       -      31,587       -  
Mortgage-backed securities-multi-family
   74,597       -      74,597       -  
Corporate debt securities
   17,937       -      17,937       -  
Securities available-for-sale
   356,062       -      356,062       -  
Equity securities
   402     402       -        -  
Interest rate swaps
   4,733       -      4,733       -  
Total
 $ 361,197   $ 402   $ 360,795   $ -  
                         
Liabilities:
                       
Interest rate swaps
 $ 4,733   $ -    $ 4,733   $ -  
Total
 $ 4,733   $ -    $ 4,733   $ -  
Fair Value Measurements for Loans Evaluated Individually and Foreclosed Real Estate Such modifications to the appraised values could result in lower valuations of such collateral. Based on the valuation techniques used, the fair value measurements for foreclosed real estate are classified as Level 3.
         September 30, 2025  
 June 30, 2025  
(In thousands)
   Fair value
hierarchy 		     Carrying
amount 		     Estimated
fair value 		     Carrying
amount 		     Estimated
fair value 		 
                          
Loans evaluated individually
  3   $1,185    630   $751   $202 
Carrying Amounts and Estimated Fair Value of Financial Instruments
The carrying amounts and estimated fair value of financial instruments are as follows:
 
                          
 
September 30, 2025
Fair value measurements using  
(In thousands)
   Carrying
amount 		     Fair value      (Level 1)      (Level 2)      (Level 3)  
                          
Cash and cash equivalents
 $154,567   $154,567   $154,567   $ -    $ -  
Long-term certificate of deposit
  1,425    1,428     -     1,428     -  
Securities available-for-sale
  350,073    350,073     -     350,073     -  
Securities held-to-maturity
  787,132    761,903     -     761,903     -  
Equity securities
  391    391    391     -      -  
Federal Home Loan Bank stock
  2,311    2,311     -     2,311     -  
Net loans receivable
  1,649,555    1,582,569     -      -     1,582,569 
Accrued interest receivable
  17,321    17,321     -     17,321     -  
Interest rate swap asset
  5,655    5,655     -     5,655     -  
                          
Deposits
  2,723,187    2,722,868     -     2,722,868     -  
Borrowings
  4,189    4,214     -     4,214     -  
Subordinated notes payable, net
  49,904    49,098     -     49,098     -  
Accrued interest payable
  678    678     -     678     -  
Interest rate swap liability
  5,655    5,655     -     5,655     -  
 
                          
 
June 30, 2025
Fair value measurements using  
(In thousands)
   Carrying
amount 		     Fair value      (Level 1)      (Level 2)      (Level 3)  
                          
Cash and cash equivalents
 $183,078   $183,078   $183,078   $ -    $ -  
Long-term certificate of deposit
  1,425    1,421     -     1,421     -  
Securities available-for-sale
  356,062    356,062     -     356,062     -  
Securities held-to-maturity
  776,147    738,134     -     738,134     -  
Equity securities
  402    402    402     -      -  
Federal Home Loan Bank stock
  5,504    5,504     -     5,504     -  
Net loans receivable
  1,607,260    1,536,150     -      -     1,536,150 
Accrued interest receivable
  16,381    16,381     -     16,381     -  
Interest rate swap asset
  4,733    4,733     -     4,733     -  
                          
Deposits
  2,639,835    2,639,246     -     2,639,246     -  
Borrowings
  78,189    78,346     -     78,346     -  
Subordinated notes payable, net
  49,867    48,485     -     48,485     -  
Accrued interest payable
  1,271    1,271     -     1,271     -  
Interest rate swap liability
  4,733    4,733     -     4,733     -