GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 2022

GOODWILL AND OTHER INTANGIBLE ASSETS

Schedule of changes in goodwill

Changes in goodwill were as follows (dollars in thousands):

Balance, July 1, 2020	$	7,292
Acquired		—
Balance, June 30, 2021		7,292
Acquired		1,507
Balance, June 30, 2022	$	8,799

Schedule of acquired other intangible assets

Acquired other intangible assets were as follows (dollars in thousands):

	June 30,		June 30,
	2022		2021
Customer relationship intangibles:
Gross carrying amount	$	3,653	$	2,645
Less: accumulated amortization		(1,375)		(1,064)
Net carrying amount		2,278		1,581
Weighted average remaining useful life (in years)		4.26		4.04
Core deposit intangibles:
Gross carrying amount		562		562
Less: accumulated amortization		(346)		(300)
Net carrying amount		216		262
Weighted average remaining useful life (in years)		3.23		3.57
Total other intangible assets:
Gross carrying amount		4,215		3,207
Less: accumulated amortization		(1,721)		(1,364)
Net carrying amount	$	2,494	$	1,843

Schedule of estimated amortization expense for the next five years

Estimated amortization expense for the next five years is as follows (dollars in thousands):

Year ending June 30,
2023	$	398
2024		360
2025		325
2026		290
2027		255