Loans Receivable (Tables)

12 Months Ended

Jun. 30, 2025

Loans Receivable [Abstract]

Loans Receivable

Loans receivable at June 30, 2025 and 2024, are summarized as follows:

	2025			2024
	(In Thousands)
Loans Secured by Mortgages on Real Estate
One-to-Four Family Residential	$	174,978		$	178,347
Commercial		138,920			143,460
Multi-Family Residential		32,283			37,092
Land		30,054			30,737
Construction		11,226			15,704
Equity and Second Mortgage		2,520			2,634
Equity Lines of Credit		20,354			17,046
Total Mortgage Loans		410,335			425,020
Commercial Loans		54,138			49,256
Consumer Loans
Loans on Savings Accounts		381			393
Other Consumer Loans		739			855
Total Consumer Other Loans		1,120			1,248
Total Loans		465,593			475,524
Less:  Allowance for Credit Losses		(4,484	)		(4,574	)
Unamortized Loan Fees		(105	)		(98	)
Net Loans Receivable	$	461,004		$	470,852

Designated Internal Risk Categories by Portfolio Segment and Loan Class

The following table summarizes designated internal risk categories by portfolio segment and loan class, by origination year, as of June 30, 2025:

	Term Loans Amortized Cost by Origination Year
As of June 30, 2025	2025		2024		2023		2022		2021		Prior		Revolving Lines		Total
	(In Thousands)
One-to-four family residential
Risk rating
Pass	$	12,456	$	20,344	$	40,116	$	35,296	$	30,282	$	28,952	$	-	$	167,446
Pass and Watch		1,072		1,358		1,088		1,379		257		629		-		5,783
Special mention		-		40		-		-		379		314		-		733
Substandard		-		-		268		252		496		-		-		1,016
Total one-to-four family residential	$	13,528	$	21,742	$	41,472	$	36,927	$	31,414	$	29,895	$	-	$	174,978
Current period gross charge-offs	$	-	$	-	$	34	$	-	$	-	$	-	$	-	$	34
Commercial
Risk rating
Pass	$	21,880	$	12,736	$	17,394	$	32,791	$	36,221	$	13,823	$	-	$	134,845
Pass and Watch		114		2,488		98		408		-		-		-		3,108
Substandard		-		-		-		19		948		-		-		967
Total commercial	$	21,994	$	15,224	$	17,492	$	33,218	$	37,169	$	13,823	$	-	$	138,920
Current period gross charge-offs	$	-	$	-	$	154	$	-	$	90	$	-	$	-	$	244
Multi-family residential
Risk rating
Pass	$	498	$	6,854	$	1,969	$	4,871	$	942	$	15,942	$	-	$	31,076
Pass and Watch		1,207		-		-		-		-		-		-		1,207
Total multi-family residential	$	1,705	$	6,854	$	1,969	$	4,871	$	942	$	15,942	$	-	$	32,283
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Land
Risk rating
Pass	$	8,405	$	8,380	$	3,044	$	3,262	$	3,505	$	994	$	-	$	27,590
Pass and Watch		79		2,376		-		-		9		-		-		2,464
Total land	$	8,484	$	10,756	$	3,044	$	3,262	$	3,514	$	994	$	-	$	30,054
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Construction
Risk rating
Pass	$	7,192	$	3,054	$	-	$	-	$	-	$	-	$	-	$	10,246
Pass and Watch		-		980		-		-		-		-		-		980
Total construction	$	7,192	$	4,034	$	-	$	-	$	-	$	-	$	-	$	11,226
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Equity loans and lines of credit
Risk rating
Pass	$	46	$	582	$	629	$	639	$	96	$	376	$	19,823	$	22,191
Pass and Watch		-		-		10		-		-		-		234		244
Special mention		-		-		-		-		-		-		72		72
Substandard		-		-		142		-		-		-		225		367
Total home equity and lines of credit	$	46	$	582	$	781	$	639	$	96	$	376	$	20,354	$	22,874
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	7	$	17	$	-	$	24

The following table summarizes designated internal risk categories by portfolio segment and loan class, by origination year, as of June 30, 2025:

	Term Loans Amortized Cost by Origination Year
As of June 30, 2025	2025		2024		2023		2022		2021		Prior		Revolving Lines		Total
	(In Thousands)
Commercial loans
Risk rating
Pass	$	6,742	$	21,685	$	9,317	$	4,100	$	2,973	$	4,756	$	-	$	49,573
Pass and Watch		762		8		70		70		-		-		-		910
Special mention		2,318		179		917		-		128		-		-		3,542
Substandard		-		-		75		25		13		-		-		113
Total commercial loans	$	9,822	$	21,872	$	10,379	$	4,195	$	3,114	$	4,756	$	-	$	54,138
Current period gross charge-offs	$	-	$	-	$	-	$	2	$	-	$	-	$	-	$	2
Consumer loans
Risk rating
Pass	$	285	$	328	$	280	$	87	$	1	$	101	$	-	$	1,082
Special mention		-		29		-		-		-		-		-		29
Substandard		-		-		9		-		-		-		-		9
Total consumer loans	$	285	$	357	$	289	$	87	$	1	$	101	$	-	$	1,120
Current period gross charge-offs	$	-	$	1	$	18	$	-	$	-	$	-	$	-	$	19
Total
Pass	$	57,504	$	73,963	$	72,749	$	81,046	$	74,020	$	64,944	$	19,823	$	444,049
Pass and Watch		3,234		7,210		1,266		1,857		266		629		234		14,696
Special mention		2,318		248		917		-		507		314		72		4,376
Substandard		-		-		494		296		1,457		-		225		2,472
Total	$	63,056	$	81,421	$	75,426	$	83,199	$	76,250	$	65,887	$	20,354	$	465,593
Current period gross charge-offs	$	-	$	1	$	206	$	2	$	97	$	17	$	-	$	323

The following table summarizes designated internal risk categories by portfolio segment and loan class, by origination year, as of June 30, 2024:

	Term Loans Amortized Cost by Origination Year
As of June 30, 2024	2024		2023		2022		2021		2020		Prior		Revolving Lines		Total
	(In Thousands)
One-to-four family residential
Risk rating
Pass	$	9,120	$	48,035	$	43,055	$	36,495	$	21,911	$	17,047	$	-	$	175,663
Special mention		-		385		-		363		-		450		-		1,198
Substandard		-		1,224		123		-		-		139		-		1,486
Total one-to-four family residential	$	9,120	$	49,644	$	43,178	$	36,858	$	21,911	$	17,636	$	-	$	178,347
Current period gross charge-offs	$	-	$	-	$	483	$	-	$	463	$	-	$	-	$	946
Commercial
Risk rating
Pass	$	10,011	$	28,924	$	38,897	$	43,251	$	20,118	$	1,825	$	-	$	143,026
Special mention		-		324		110		-		-		-		-		434
Substandard		-		-		-		-		-		-		-		-
Total commercial	$	10,011	$	29,248	$	39,007	$	43,251	$	20,118	$	1,825	$	-	$	143,460
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

Multi-family residential
Risk rating
Pass	$	3,300	$	3,265	$	10,232	$	2,216	$	6,972	$	11,107	$	-	$	37,092
Special mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Total multi-family residential	$	3,300	$	3,265	$	10,232	$	2,216	$	6,972	$	11,107	$	-	$	37,092
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Land
Risk rating
Pass	$	8,615	$	7,493	$	7,054	$	6,175	$	1,010	$	317	$	-	$	30,664
Special mention		-		73		-		-		-		-		-		73
Substandard		-		-		-		-		-		-		-		-
Total land	$	8,615	$	7,566	$	7,054	$	6,175	$	1,010	$	317	$	-	$	30,737
Current period gross charge-offs	$	-	$	-	$	7	$	-	$	-	$	-	$	-	$	7
Construction
Risk rating
Pass	$	3,758	$	9,801	$	2,145	$	-	$	-	$	-	$	-	$	15,704
Special mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		-		-		-		-		-
Total construction	$	3,758	$	9,801	$	2,145	$	-	$	-	$	-	$	-	$	15,704
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Equity loans and lines of credit
Risk rating
Pass	$	436	$	1,017	$	550	$	106	$	379	$	89	$	16,821	$	19,398
Special mention		-		-		-		-		-		-		-		-
Substandard		-		-		-		7		50		-		225		282
Total home equity and lines of credit	$	436	$	1,017	$	550	$	113	$	429	$	89	$	17,046	$	19,680
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-

The following table summarizes designated internal risk categories by portfolio segment and loan class, by origination year, as of June 30, 2024:

	Term Loans Amortized Cost by Origination Year
As of June 30, 2024	2024		2023		2022		2021		2020		Prior		Revolving Lines		Total
	(In Thousands)
Commercial loans
Risk rating
Pass	$	8,840	$	19,521	$	8,507	$	5,864	$	4,345	$	1,891	$	-	$	48,968
Special mention		-		109		33		-		-		-		-		142
Substandard		-		78		32		36		-		-		-		146
Total commercial loans	$	8,840	$	19,708	$	8,572	$	5,900	$	4,345	$	1,891	$	-	$	49,256
Current period gross charge-offs	$	-	$	1	$	40	$	-	$	-	$	-	$	-	$	41
Consumer loans
Risk rating
Pass	$	237	$	518	$	222	$	17	$	216	$	22	$	-	$	1,232
Special mention		-		-		-		-		-		-		-		-
Substandard		-		16		-		-		-		-		-		16
Total consumer loans	$	237	$	534	$	222	$	17	$	216	$	22	$	-	$	1,248
Current period gross charge-offs	$	-	$	6	$	3	$	3	$	-	$	5	$	-	$	17
Total
Pass	$	44,317	$	118,574	$	110,662	$	94,124	$	54,951	$	32,298	$	16,821	$	471,747
Special mention		-		891		143		363		-		450		-		1,847
Substandard		-		1,318		155		43		50		139		225		1,930
Total	$	44,317	$	120,783	$	110,960	$	94,530	$	55,001	$	32,887	$	17,046	$	475,524
Current period gross charge-offs	$	-	$	7	$	533	$	3	$	463	$	5	$	-	$	1,011

Aging Analysis of Past Due Loans Segregated by Class of Loans

The following tables present an aging analysis of past due loans, segregated by class of loans, as of June 30, 2025 and 2024:

June 30, 2025	30-59 Days Past Due		60-89 Days Past Due		90 Days or More		Total Past Due		Current		Total Loans Receivable		Recorded Investment > 90 Days and Accruing
	(In Thousands)
Real Estate Loans:
One-to-Four Family     Residential	$	174	$	853	$	963	$	1,990	$	172,988	$	174,978	$	252
Commercial		99		-		967		1,066		137,854		138,920		-
Multi-Family Residential		-		-		-		-		32,283		32,283		-
Land		17		-		-		17		30,037		30,054		-
Construction		-		-		-		-		11,226		11,226		-
Equity and Second Mortgage		-		-		142		142		2,378		2,520		-
Equity Lines of Credit		48		-		225		273		20,081		20,354		-
Commercial Loans		8		-		38		46		54,092		54,138		-
Consumer Loans		29		-		-		29		1,091		1,120		-
Total	$	375	$	853	$	2,335	$	3,563	$	462,030	$	465,593	$	252

June 30, 2024	30-59 Days Past Due		60-89 Days Past Due		90 Days or More		Total Past Due		Current		Total Loans Receivable		Recorded Investment > 90 Days and Accruing
							(In Thousands)
Real Estate Loans:
One-to-Four Family      Residential	$	599	$	720	$	1,189	$	2,508	$	175,839	$	178,347	$	116
Commercial		-		-		-		-		143,460		143,460		-
Multi-Family Residential		-		-		-		-		37,092		37,092		-
Land		-		-		-		-		30,737		30,737		-
Construction		-		-		-		-		15,704		15,704		-
Equity and Second Mortgage		-		-		15		15		2,619		2,634		-
Equity Lines of Credit		57		-		225		282		16,764		17,046		-
Commercial Loans		-		-		90		90		49,166		49,256		-
Consumer Loans		5		-		-		5		1,243		1,248		-
Total	$	661	$	720	$	1,519	$	2,900	$	472,624	$	475,524	$	116

Allowance for Credit Losses and Recorded Investment in Loans

The change in the allowance for credit losses by loan portfolio class and recorded investment in loans for the year ended June 30, 2025 and 2024 was as follows:

	Real Estate Loans
June 30, 2025	1-4 Family Residential			Commercial			Multi- Family			Land			Construction			Home Equity Loans and Lines of Credit			Commercial Loans			Consumer Loans			Total
										(In Thousands)
Allowance for credit losses:
Beginning Balances	$	2,346		$	1,088		$	130		$	175		$	103		$	165		$	548		$	19		$	4,574
Charge-Offs		(34	)		(244	)		-			-			-			(24	)		(2	)		(19	)		(323	)
Recoveries		351			-			-			1			-			5			2			-			359
Current Provision		(461	)		358			(17	)		(11	)		(29	)		36			(10	)		8			(126	)
Ending Balances	$	2,202		$	1,202		$	113		$	165		$	74		$	182		$	538		$	8		$	4,484

	Real Estate Loans
June 30, 2024	1-4 Family Residential			Commercial			Multi- Family			Land			Construction			Home Equity Loans and Lines of Credit			Commercial Loans			Consumer Loans			Total
	(In Thousands)
Allowance for loan losses:
Beginning Balances	$	1,900		$	1,673		$	228		$	274		$	254		$	251		$	588		$	5		$	5,173
Impact of ASU 2016-13		688			(119	)		(139	)		(85	)		(44	)		30			24			4			359
Charge-Offs		(946	)		-			-			(7	)		-			-			(41	)		(17	)		(1,011	)
Recoveries		4			-			-			1			-			7			-			1			13
Current Provision		700			(466	)		41			(8	)		(107	)		(123	)		(23	)		26			40
Ending Balances	$	2,346		$	1,088		$	130		$	175		$	103		$	165		$	548		$	19		$	4,574

Loans Individually Evaluated Segregated by Class of Loans

The following table presents loans individually evaluated, segregated by class of loans, as of June 30, 2025 and 2024:

	2025				2024
	Loan Balance		Specific Allocations		Loan Balance		Specific Allocations
	(In Thousands)
Real Estate Loans:
One-to-Four Family Residential	$	2,234	$	97	$	2,693	$	77
Commercial		1,081		102		122		5
Land		115		4		145		5
Home Equity Loans and Lines of Credit		367		0		283		3
Commercial Loans		45		2		74		2
Consumer Loans		15		1		72		4
Total	$	3,857	$	206	$	3,389	$	96