FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

9 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Summary Of Generally Accepted Accounting Principles

The following table summarizes financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2022 and June 30, 2021.

	March 31, 2022
(In thousands)	Carrying  Value		Level 1		Fair Value Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	37,265	$	37,265	$	-	$	-	$	37,265
Certificates of deposits		980		-		980		-		980
Securities available for sale		231		-		231		-		231
Securities held to maturity		134,719		-		128,089		-		128,089
Federal Home Loan Bank of Boston stock		453		-		-		453		453
Loans - net		172,758		-		-		168,212		168,212
Accrued interest receivable		1,211		-		-		1,211		1,211
Liabilities:
Deposits		283,980		-		-		272,559		272,559
Short-term borrowings		115		-		-		115		115
Accrued interest payable		-		-		-		-		-

	June 30, 2021
(In thousands)	Carrying  Value		Level 1		Fair Value Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	40,678	$	40,678	$	-	$	-	$	40,678
Certificates of deposits		980		-		988		-		988
Securities available for sale		2,294		-		2,294		-		2,294
Securities held to maturity		105,114		-		107,391		-		107,391
Federal Home Loan Bank of Boston stock		453		-		-		453		453
Loans - net		174,433		-		-		177,324		177,324
Accrued interest receivable		1,146		-		-		1,146		1,146
Liabilities:										-
Deposits		284,634		-		-		285,915		285,915
Short-term borrowings		918		-		-		925		925
Accrued interest payable		3		-		-		3		3