COMMITMENTS AND CONTINGENT LIABILITIES (Tables)

6 Months Ended

Dec. 31, 2024

COMMITMENTS AND CONTINGENT LIABILITIES

Schedule of contractual amount of exposure to off-balance-sheet risk

The Company’s exposure to credit loss in the event of nonperformance by the other party to the commitments to extend credit is represented by the contractual notional amounts of those instruments which are presented in the tables below (dollars in thousands). The Company uses the same credit policies in making commitments as it does for on-balance-sheet instruments.

	December 31, 2024
	Fixed Rate		Variable Rate		Total
Financial instruments whose contract amounts represent credit risk (including unused lines of credit and unadvanced loan funds):
Commitments to extend credit	$	31,804	$	285,464	$	317,268
Standby letters of credit		—		22,552		22,552
	$	31,804	$	308,016	$	339,820

	June 30, 2024
	Fixed Rate		Variable Rate		Total
Financial instruments whose contract amounts represent credit risk (including unused lines of credit and unadvanced loan funds):
Commitments to extend credit	$	30,007	$	273,932	$	303,939
Standby letters of credit		—		21,943		21,943
	$	30,007	$	295,875	$	325,882

	June 30, 2023
	Fixed Rate		Variable Rate		Total
Financial instruments whose contract amounts represent credit risk (including unused lines of credit and unadvanced loan funds):
Commitments to extend credit	$	20,541	$	277,088	$	297,629
Standby letters of credit		—		28,372		28,372
	$	20,541	$	305,460	$	326,001