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Securities
 12 Months Ended
Jun. 30, 2025
Securities [Abstract]  
Securities
Note 2.
Securities

The amortized cost and fair value of securities, with gross unrealized gains and losses at June 30, 2025, follows:

   
June 30, 2025
  
         
Gross
    
Gross
        
   
Amortized
    
Unrealized
    
Unrealized
    
Fair
  
Securities Available-for-Sale
 
Cost
    
Gains
    
Losses
    
Value
  
   
(In Thousands)
  
Debt Securities
                        
FHLMC Mortgage-Backed Certificates
  
$
11,038
    
$
20
    
$
627
    
$
10,431
  
FNMA Mortgage-Backed Certificates
    
19,180
      
9
      
1,228
      
17,961
  
GNMA Mortgage-Backed Certificates
    
6,112
      
47
      
670
      
5,489
  
                                 
Total Debt Securities
    
36,330
      
76
      
2,525
      
33,881
  
                                 
Municipal Bonds
    
365
      
-
      
-
      
365
  
                                 
Total Securities Available-for-Sale
  
$
36,695
    
$
76
    
$
2,525
    
$
34,246
  
                                 
Securities Held-to-Maturity
                                
                                 
Debt Securities
                                
FHLMC Mortgage-Backed Certificates
  
$
25,201
    
$
-
    
$
4,372
    
$
20,829
  
FNMA Mortgage-Backed Certificates
    
34,286
      
-
      
5,709
      
28,577
  
GNMA Mortgage-Backed Certificates
    
588
      
-
      
59
      
529
  
                                 
Total Debt Securities
    
60,075
      
-
      
10,140
      
49,935
  
                                 
Municipals
    
1,259
      
-
      
55
      
1,204
  
                                 
Total Securities Held-to-Maturity
   $ 61,334     $ -     $ 10,195     $ 51,139  

The amortized cost and fair value of securities by contractual maturity at June 30, 2025, follows:
 
Available-for-Sale
    
Held-to-Maturity
  
   
Amortized
    
Fair
    
Amortized
    
Fair
  
   
Cost
    
Value
    
Cost
    
Value
  
   
(In Thousands)
  
Debt Securities
                        
One through Five Years
   $
8
     $
8
     $
-
     $
-
  
After Five through Ten Years
    
8,842
      
8,379
      
394
      
383
  
Over Ten Years
    
27,480
      
25,494
      
59,681
      
49,552
  
     
36,330
      
33,881
       60,075       49,935  
                                 
Municipals
                                
Within One Year or Less
    
365
      
365
       205       202  
After Five through Ten Years
    
-
      
-
      
1,054
      
1,002
  
     
365
      
365
       1,259      
1,204
  
                                 
Total
  
$
36,695
    
$
34,246
    
$
61,334
    
$
51,139
  


The amortized cost and fair value of securities, with gross unrealized gains and losses at June 30, 2024, follows:


   
June 30, 2024
  
         
Gross
    
Gross
        
   
Amortized
    
Unrealized
    
Unrealized
    
Fair
  
Securities Available-for-Sale  
Cost
    
Gains
    
Losses
    
Value
  
   
(In Thousands)
  
Debt Securities
                        
FHLMC Mortgage-Backed Certificates
  
$
6,681
    
$
1
    
$
732
    
$
5,950
  
FNMA Mortgage-Backed Certificates
    
17,227
      
-
      
1,753
      
15,474
  
GNMA Mortgage-Backed Certificates
    
4,074
      
-
      
827
      
3,247
  
                                 
Total Debt Securities
    
27,982
      
1
      
3,312
      
24,671
  
                                 
US Treasury Securities
     2,000       -       -       2,000  
Municipal Bonds
     365       1       -       366  
                                 
Total Securities Available-for-Sale
  
$
30,347
    
$
2
    
$
3,312
    
$
27,037
  
                                 
Securities Held-to-Maturity
                                
                                 
Debt Securities
                                
FHLMC Mortgage-Backed Certificates
  
$
27,604
    
$
-
    
$
5,572
    
$
22,032
  
FNMA Mortgage-Backed Certificates
    
37,807
      
-
      
7,146
      
30,661
  
GNMA Mortgage-Backed Certificates
    
606
      
-
      
69
      
537
  
                                 
Total Debt Securities
    
66,017
      
-
      
12,787
      
53,230
  
                                 
Municipals
    
1,285
      
-
      
65
      
1,220
  
                                 
Total Securities Held-to-Maturity
  
$
67,302
    
$
 -    
$
12,852
    
$
54,450
  

 
The amortized cost and fair value of securities by contractual maturity at June 30, 2024, follows:
   
Available-for-Sale
    
Held-to-Maturity
  
   
Amortized
    
Fair
    
Amortized
    
Fair
  
   
Cost
    
Value
    
Cost
    
Value
  
   
(In Thousands)
  
Debt Securities
                        
Within One Year or Less
  
$
-
    
$
-
    
$
-
    
$
-
  
One through Five Years
    
4
      
4
      
-
      
-
  
After Five through Ten Years
    
2,237
      
2,148
      
525
      
495
  
Over Ten Years
    
25,741
      
22,519
      
65,492
      
52,735
  
     
27,982
      
24,671
      
66,017
      
53,230
  
                                 
US Treasury Securities
                                
Within One Year or Less
     2,000       2,000       -       -  
One through Five Years
     2,000       2,000       -       -  
                                 
Municipals
                        
Within One Year or Less
  
365    
366    
213    
205  
Over Ten Years
     -       -       1,072       1,015  
      365       366       1,285       1,220  
                                 
    Total
  
$
30,347
    
$
27,037
    
$
67,302
    
$
54,450
  

Information pertaining to securities with gross unrealized losses at June 30, 2025, aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:
   
June 30, 2025
  
   
Less Than Twelve Months
    
Over Twelve Months
  
   
Gross
          
Gross
        
   
Unrealized
    
Fair
    
Unrealized
    
Fair
  
   
Losses
    
Value
    
Losses
    
Value
  
   
(In Thousands)
  
Securities Available-for-Sale
                        
                         
Mortgage-Backed Securities
  
$
226
    
$
8,499
    
$
2,299
    
$
17,879
  
                                 
   Total Securities Available-for-Sale
 
$
226
    
$
8,499
    
$
2,299
    
$
17,879
  

   
June 30, 2025
  
   
Less Than Twelve Months
    
Over Twelve Months
  
   
Gross
          
Gross
        
   
Unrealized
    
Fair
    
Unrealized
    
Fair
  
   
Losses
    
Value
    
Losses
    
Value
  
   
(In Thousands)
  
Securities Held-to-Maturity
                        
                         
Mortgage-Backed Securities
  
$
-
    
$
-
    
$
10,140
    
$
49,935
  
Municipals     -       -       55       1,204  
                                 
   Total Securities Held-to-Maturity
 
$
-
    
$
-
    
$
10,195
    
$
51,139
  

Information pertaining to securities with gross unrealized losses at June 30, 2024, aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:

   
June 30, 2024
  
   
Less Than Twelve Months
    
Over Twelve Months
  
   
Gross
           
Gross
         
   
Unrealized
    
Fair
    
Unrealized
    
Fair
  
   
Losses
    
Value
    
Losses
    
Value
  
   
(In Thousands)
  
Securities Available-for-Sale
                                
                                 
Mortgage-Backed Securities
  
$
 -    
$
 -    
$
 3,312    
$
 24,332  
                                 
   Total Securities Available-for-Sale
 
$
 -    
$
 -    
$
 3,312    
$
 24,332  
 
   
June 30, 2024
  
   
Less Than Twelve Months
    
Over Twelve Months
  
   
Gross
           
Gross
         
   
Unrealized
    
Fair
    
Unrealized
    
Fair
  
   
Losses
    
Value
    
Losses
    
Value
  
   
(In Thousands)
  
Securities Held-to-Maturity
                                
                                 
Mortgage-Backed Securities
  
$
 -
    
$
 -
    
$
 12,787
    
$
 53,230
  
Municipals
  
-
      
 -
    
65
    
1,220
  
                       
          
   Total Securities Held-to-Maturity
 
$
 -
    
$
 -
    
$
 12,852
    
$
 54,450
  


At June 30, 2025, the Company’s security portfolio consisted of 74 securities, 53 of which were in an unrealized loss position. At June 30, 2024, the Company’s security portfolio consisted of 78 securities, 59 of which were in an unrealized loss position. The unrealized losses on the Company’s investment in mortgage-backed securities at June 30, 2025 and 2024 were caused by interest rate changes.  The contractual cash flows of these investments are guaranteed by agencies of the U.S. government.  Accordingly, it is expected that these securities would not be settled at a price less than the amortized cost of the Company’s investment.  Because the decline in market value is attributable to changes in interest rates and not credit quality and because the Company has the ability and intent to hold these investments until a recovery of fair value, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired at June 30, 2025.

At June 30, 2025 and 2024, securities with a carrying value of $24.5 million and $1.4 million, respectively, were pledged to secure certain deposits, borrowings, and other liabilities.