FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Sep. 30, 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 September 30, 2022 and June 30, 2022.

	September 30, 2022
(In thousands)	Carrying  Value		Level 1		Fair Value Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	15,741	$	15,741	$	-	$	-	$	15,741
Securities available for sale		183		-		183		-		183
Securities held to maturity		152,141		-		133,775		-		133,775
Federal Home Loan Bank of Boston stock		191		-		-		191		191
Loans - net		175,245		-		-		159,301		159,301
Accrued interest receivable		1,306		-		-		1,306		1,306
Liabilities:
Deposits		280,052		-		-		256,139		256,139

	June 30, 2022
(In thousands)	Carrying  Value		Level 1		Fair Value Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	31,667	$	31,667	$	-	$	-	$	31,667
Securities available for sale		199		-		199		-		199
Securities held to maturity		145,239		-		133,593		-		133,593
Federal Home Loan Bank of Boston stock		191		-		-		191		191
Loans - net		172,593		-		-		161,098		161,098
Accrued interest receivable		1,265		-		-		1,265		1,265
Liabilities:
Deposits		287,075		-		-		268,039		268,039