Fair Value of Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents financial assets measured at fair value on a recurring basis at the dates indicated:

	June 30, 2020
Description	Total		Level 1		Level 2		Level 3
U.S government agencies	$	4,173	$	—	$	4,173	$	—
Residential MBS of U.S. government agencies and GSE	48,355		—		48,355		—
Municipal bonds	16,631		—		16,631		—
Corporate bonds	58,378		—		58,378		—
Total	$	127,537	$	—	$	127,537	$	—

	June 30, 2019
Description	Total		Level 1		Level 2		Level 3
U.S government agencies	$	15,210	$	—	$	15,210	$	—
Residential MBS of U.S. government agencies and GSE	75,180		—		75,180		—
Municipal bonds	25,312		—		25,312		—
Corporate bonds	6,084		—		6,084		—
Total	$	121,786	$	—	$	121,786	$	—

Fair Value Measurements, Nonrecurring

The following table presents financial assets measured at fair value on a non-recurring basis at the dates indicated:

	June 30, 2020
Description	Total		Level 1		Level 2		Level 3
Impaired loans	$	9,168	$	—	$	—	$	9,168
REO	97		—		—		97
Total	$	9,265	$	—	$	—	$	9,265

	June 30, 2019
Description	Total		Level 1		Level 2		Level 3
Impaired loans	$	9,071	$	—	$	—	$	9,071
REO	1,804		—		—		1,804
Total	$	10,875	$	—	$	—	$	10,875

Schedule of Quantitative Information About Level 3 Fair Value Measurements

Quantitative information about Level 3 fair value measurements during the period ended June 30, 2020 is shown in the table below:

	Fair Value at June 30, 2020		Valuation Techniques	Unobservable Input	Range	Weighted Average
Nonrecurring measurements:
Impaired loans, net	$	9,168	Discounted appraisals and discounted cash flows	Collateral discounts: Discount spread:	0% - 63% 2% - 3%	27%
REO	$	97	Discounted Appraisals	Collateral discounts	8%	8%

Fair Value, by Balance Sheet Grouping

The stated carrying value and estimated fair value amounts of financial instruments as of June 30, 2020 and June 30, 2019, are summarized below:

	June 30, 2020
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and interest-bearing deposits	$	121,622	$	121,622	$	121,622	$	—	$	—
Commercial paper	304,967		304,967		304,967		—		—
Certificates of deposit in other banks	55,689		55,689		—		55,689		—
Securities available for sale	127,537		127,537		—		127,537		—
Loans, net	2,741,047		2,692,265		—		—		2,692,265
Loans held for sale	77,177		78,129		—		—		78,129
FHLB stock	23,309		23,309		23,309		—		—
FRB stock	7,368		7,368		7,368		—		—
SBIC investments	8,269		8,269		—		—		8,269
Accrued interest receivable	12,312		12,312		208		744		11,360
Liabilities:
Noninterest-bearing and NOW deposits	1,012,200		1,012,200		—		1,012,200		—
Money market accounts	836,738		836,738		—		836,738		—
Savings accounts	197,676		197,676		—		197,676		—
Certificates of deposit	739,142		745,078		—		745,078		—
Borrowings	475,000		511,529		—		511,529		—
Accrued interest payable	1,087		1,087		—		1,087		—

	June 30, 2019
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and interest-bearing deposits	$	71,043	$	71,043	$	71,043	$	—	$	—
Commercial paper	241,446		241,446		241,446		—		—
Certificates of deposit in other banks	52,005		52,005		—		52,005		—
Securities available for sale	121,786		121,786		—		121,786		—
Loans, net	2,683,761		2,604,827		—		—		2,604,827
Loans held for sale	18,175		18,591		—		—		18,591
FHLB stock	31,969		31,969		31,969		—		—
FRB stock	7,335		7,335		7,335		—		—
SBIC investments	6,074		6,074		—		—		6,074
Accrued interest receivable	10,533		10,533		350		750		9,433
Liabilities:
Noninterest-bearing and NOW deposits	746,617		746,617		—		746,617		—
Money market accounts	691,172		691,172		—		691,172		—
Savings accounts	177,278		177,278		—		177,278		—
Certificates of deposit	712,190		712,485		—		712,485		—
Borrowings	680,000		688,418		—		688,418		—
Accrued interest payable	2,252		2,252		—		2,252		—