XML 42 R28.htm IDEA: XBRL DOCUMENT v3.22.1
Leases (Tables)
 9 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Assets and Liabilities, Lessee
The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.
Supplemental Balance Sheet Information:
March 31, 2022June 30, 2021
ROU assets$6,172 $5,498 
Lease liabilities6,961 5,926 
Weighted-average remaining lease terms (years)10.789.49
Weighted-average discount rate2.89 %3.18 %
Lessee, Operating Lease, Liability, Maturity
The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2022:
Fiscal year ending June 30:
Remaining 2022$1,573 
20231,293 
2024847 
2025541 
2026414 
Thereafter3,653 
Total undiscounted minimum lease payments8,321 
Less: amount representing interest(1,360)
Total lease liability$6,961 
Lease, Cost
The following table presents components of operating lease expense for the three and nine months ended March 31, 2022 and 2021:
Three Months Ended March 31,Nine Months Ended March 31,
2022202120222021
Operating lease cost (included in occupancy expense, net)$347 $398 $1,215 $1,192 
Variable lease cost (included in occupancy expense, net)7 6 13 18 
Sublease income (included in other, noninterest income)(60)(33)(154)(147)
Total operating lease expense, net$294 $371 $1,074 $1,063 
Supplemental lease cash flow information for the nine months ended March 31, 2022 and 2021:
Nine Months Ended March 31,
2022
2021
ROU assets - noncash additions (operating leases)$1,186 $599 
Cash paid for amounts included in the measurement of lease liabilities (operating leases)1,281 1,632 
Cash paid for amounts included in the measurement of lease liabilities (finance leases)100 100 
Finance Lease, Liability, Maturity
The following schedule summarizes aggregate future minimum lease payments under this finance lease obligation at March 31, 2022:
Fiscal year ending June 30:
Remaining 2022$33 
2023134 
2024145 
2025146 
2026146 
Thereafter1,702 
Total undiscounted minimum lease payments2,306 
Less: amount representing interest(533)
Total lease liability$1,773 
Schedule of Total Equipment Finance Operating Lease Income and Depreciation Expense
The following table presents total equipment finance operating lease income and depreciation expense for the three and nine months ended March 31, 2022 and 2021:
Three Months Ended March 31,Nine Months Ended March 31,
2022
2021
2022
2021
Operating lease income$1,661 $1,432 $4,920 $4,107 
Depreciation expense1,339 1,417 4,221 4,371 
Lessor, Operating Lease, Payments to be Received, Maturity
The following schedule summarizes aggregate future minimum lease payments to be received at March 31, 2022:
Fiscal year ending June 30:
Remaining 2022$1,436 
20234,989 
20242,895 
2025889 
2026246 
Thereafter13 
Total of future minimum lease payments$10,468 
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The following schedule summarizes aggregate future minimum finance lease payments to be received at March 31, 2022:
Fiscal year ending June 30:
Remaining 2022$5,853 
202321,226 
202418,262 
202513,038 
20268,405 
Thereafter4,299 
Total undiscounted minimum lease payments71,083 
Less: amount representing interest(8,476)
Total lease receivable$62,607