Fair Value of Financial Instruments (Tables)

3 Months Ended

Sep. 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:

	September 30, 2020
Description	Total		Level 1		Level 2		Level 3
U.S Government Agencies	$	4,164	$	—	$	4,164	$	—
Residential MBS of U.S. Government Agencies and GSEs	44,181		—		44,181		—
Municipal Bonds	14,841		—		14,841		—
Corporate Bonds	32,973		—		32,973		—
Total	$	96,159	$	—	$	96,159	$	—

	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 GSEs	48,335		—		48,335		—
Municipal Bonds	16,631		—		16,631		—
Corporate Bonds	58,378		—		58,378		—
Total	$	127,517	$	—	$	127,517	$	—

Fair Value Measurements, Nonrecurring

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

	September 30, 2020
Description	Total		Level 1		Level 2		Level 3
Individually evaluated loans	$	5,150	$	—	$	—	$	5,150

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

Schedule of Quantitative Information About Level 3 Fair Value Measurements

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

Nonrecurring measurements:	Fair Value at September 30, 2020		Valuation Techniques	Unobservable Input	Range	Weighted Average
Individually evaluated loans	$	5,150	Discounted appraisals and discounted cash flows	Collateral discounts and discount spread	0% - 63%      2% - 3%	12%

Fair Value, by Balance Sheet Grouping

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

	September 30, 2020
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and interest-bearing deposits	$	171,144	$	171,144	$	171,144	$	—	$	—
Commercial paper	204,867		204,867		204,867		—		—
Certificates of deposit in other banks	52,361		52,361		—		52,361		—
Securities available for sale	96,159		96,159		—		96,159		—
Loans, net	2,726,264		2,688,377		—		—		2,688,377
Loans held for sale	124,985		126,670		—		—		126,670
FHLB stock	23,309		23,309		23,309		—		—
FRB stock	7,371		7,371		7,371		—		—
SBIC investments	8,269		8,269		—		—		8,269
Accrued interest receivable	10,648		10,648		—		789		9,859
Liabilities:
Noninterest-bearing and NOW deposits	1,067,125		1,067,125		—		1,067,125		—
Money market accounts	826,970		826,970		—		826,970		—
Savings accounts	202,787		202,787		—		202,787		—
Certificates of deposit	645,164		649,685		—		649,685		—
Borrowings	475,000		490,822		—		490,822		—
Accrued interest payable	719		719		—		719		—

	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		—