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Investment Securities (Tables)
12 Months Ended
Jun. 30, 2025
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss [Abstract]  
Summary of Securities Held-to-Maturity

The amortized cost and approximate fair values of securities held-to-maturity at June 30, 2025 and June 30, 2024 are as follows:

 

 

June 30, 2025

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

 

 

(In thousands)

 

Federal National Mortgage Association

 

$

86,657

 

 

$

2

 

 

$

(14,436

)

 

$

72,223

 

Federal Home Loan Mortgage Corporation

 

 

45,009

 

 

 

1

 

 

 

(6,488

)

 

 

38,522

 

Government National Mortgage Association

 

 

218

 

 

 

1

 

 

 

 

 

 

219

 

Subordinated Debt

 

 

7,750

 

 

 

 

 

 

(609

)

 

 

7,141

 

CMO

 

 

2,011

 

 

 

 

 

 

(121

)

 

 

1,890

 

Foreign Government Bonds

 

 

200

 

 

 

 

 

 

 

 

 

200

 

Total

 

$

141,845

 

 

$

4

 

 

$

(21,654

)

 

$

120,195

 

 

 

June 30, 2024

 

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

 

 

(In thousands)

 

Federal National Mortgage Association

 

$

95,338

 

 

$

1

 

 

$

(16,822

)

 

$

78,517

 

Federal Home Loan Mortgage Corporation

 

 

50,060

 

 

 

78

 

 

 

(8,252

)

 

 

41,886

 

Government National Mortgage Association

 

 

273

 

 

 

 

 

 

(3

)

 

 

270

 

Subordinated Debt

 

 

7,750

 

 

 

 

 

 

(1,488

)

 

 

6,262

 

CMO

 

 

2,423

 

 

 

 

 

 

(222

)

 

 

2,201

 

Foreign Government Bonds

 

 

300

 

 

 

 

 

 

 

 

 

300

 

Total

 

$

156,144

 

 

$

79

 

 

$

(26,787

)

 

$

129,436

 

Schedule of Contractual Maturities of Amortized Cost and Fair Value

The amortized cost and fair value of securities held-to-maturity by contractual maturity at June 30, 2025 are shown in the following table. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities are assigned to categories based on contractual maturity except for mortgage-backed securities and CMOs, which are based on the estimated average life of the securities.

 

 

June 30, 2025

 

 

Amortized
Cost

 

 

Fair
Value

 

 

 

(In thousands)

 

Due within 1 year

 

$

200

 

 

$

200

 

Due after 1 but within 5 years

 

 

 

 

 

 

Due after 5 but within 10 years

 

 

7,750

 

 

 

7,141

 

Due after 10 years

 

 

 

 

 

 

Mortgage-backed securities

 

 

133,895

 

 

 

112,854

 

Total

 

$

141,845

 

 

$

120,195

 

Summary of Unrealized Losses Categorized by Length of Time of Continuous Loss Position and Fair Value

The unrealized losses as of June 30, 2025 and June 30, 2024, categorized by the length of time of continuous loss position and the fair value of related securities held-to-maturity, were as follows:

 

 

June 30, 2025

 

 

Less than 12 Months

 

 

More than 12 Months

 

 

Total

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

 

(In thousands)

 

Federal National Mortgage
   Association

 

$

 

 

$

 

 

$

72,047

 

 

$

(14,436

)

 

$

72,047

 

 

$

(14,436

)

Federal Home Loan Mortgage
   Corporation

 

 

68

 

 

 

(10

)

 

 

38,168

 

 

 

(6,478

)

 

 

38,236

 

 

 

(6,488

)

Subordinated Debt

 

 

 

 

 

 

 

 

7,141

 

 

 

(609

)

 

 

7,141

 

 

 

(609

)

CMO

 

 

 

 

 

 

 

 

1,890

 

 

 

(121

)

 

 

1,890

 

 

 

(121

)

Total

 

$

68

 

 

$

(10

)

 

$

119,246

 

 

$

(21,644

)

 

$

119,314

 

 

$

(21,654

)

 

 

June 30, 2024

 

 

Less than 12 Months

 

 

More than 12 Months

 

 

Total

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

 

(In thousands)

 

Federal National Mortgage
   Association

 

$

 

 

$

 

 

$

78,160

 

 

$

(16,822

)

 

$

78,160

 

 

$

(16,822

)

Federal Home Loan Mortgage
   Corporation

 

 

 

 

 

 

 

 

41,838

 

 

 

(8,252

)

 

 

41,838

 

 

 

(8,252

)

Government National
   Mortgage Association

 

 

 

 

 

 

 

 

270

 

 

 

(3

)

 

 

270

 

 

 

(3

)

Subordinated Debt

 

 

 

 

 

 

 

 

6,262

 

 

 

(1,488

)

 

 

6,262

 

 

 

(1,488

)

CMO

 

 

 

 

 

 

 

 

2,201

 

 

 

(222

)

 

 

2,201

 

 

 

(222

)

Total

 

$

 

 

$

 

 

$

128,731

 

 

$

(26,787

)

 

$

128,731

 

 

$

(26,787

)

Summary of Unrealized and Realized Gains and Losses Recognized in Net Income on Equity Securities The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities for the years ended June 30, 2025 and June 30, 2024:

 

 

June 30,
2025

 

 

June 30,
2024

 

 

 

(In thousands)

 

Net gains recognized on equity securities

 

$

13

 

 

$

1

 

Less: Net gains recognized on equity securities sold/acquired

 

 

 

 

 

 

Net unrealized gains recognized on equity securities

 

$

13

 

 

$

1