Share-Based Compensation (Tables)

9 Months Ended

Mar. 31, 2022

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of RSA Activity

The following table presents a summary of RSA activity during the period ended March 31, 2022.

	Number of Shares			Weighted-Average Grant Date Fair Value
Unvested granted shares outstanding at July 1, 2021		322,580		$	18.95
Shares granted		8,000			17.66
Shares vested		(107,130	)		18.97
Shares forfeited		-			-
Unvested granted shares at March 31, 2022		223,450		$	18.89

Summary of Activity Related to Stock Options Granted under Plan

The following table presents a summary of activity related to stock options granted under the Plan, and changes during the period then ended:

	Number of Options		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Years		Aggregate Intrinsic Value
	(Dollars in thousands, except share and per share data)
Options outstanding at July 1, 2021		1,308,963	$	19.00		7.4	$	35
Options granted		12,000		17.66
Options expired		-		-
Options forfeited		-		-
Options exercised		-		-
Options outstanding at March 31, 2022		1,320,963	$	18.98		6.7	$	420
Exercisable at March 31, 2022		782,978	$	19.02		6.6	$	225

Summary of Fair Value of Options Granted Using Weighted-Average Assumptions as of Grant Date

The fair value of options granted during the nine months ended March 31, 2022, was determined using the following weighted-average assumptions as of grant date.

Risk-free interest rate		1.00	%
Expected term (in years)		6.25
Expected stock price volatility		35.91	%
Dividend yield		1.36	%
Weighted average fair value of options granted	$	5.50