Income Taxes (Tables)

12 Months Ended

Jun. 30, 2025

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expenses

The components of income tax expense are as follows for years ended June 30, 2025 and June 30, 2024:

	Year Ended June 30, 2025		Year Ended June 30, 2024
	(In thousands)
Current tax expense:
Federal income	$	117	$	269
State income		79		217
Total current		196		486
Deferred tax expense (benefit):
Federal income		612		(2,433	)
State income		183		(1,127	)
Total deferred		795		(3,560	)
Change in valuation allowance		—		2,165
Total	$	991	$	(909	)

Schedule of Reconciliation Between Effective Income Tax Expense and Income Tax Expense

The following table presents a reconciliation between the effective income tax expense and the income tax expense which would be computed by applying the federal statutory tax rate of 21% for the years ended June 30, 2025 and June 30, 2024:

	Year Ended June 30, 2025			Year Ended June 30, 2024
	(In thousands)
Federal income tax expense (benefit), at the statutory rate		1,287		$	(2,472	)
Increases (decreases) in taxes resulting from:
New Jersey state tax, net of federal income tax effect		207			(233	)
Bank owned life insurance		(532	)		(194	)
Merger expenses		—			50
Other items, net		29			390
Change in valuation allowance		—			1,550
Effective income tax expense (benefit)	$	991		$	(909	)

Schedule of Tax Effects of Existing Temporary Differences that Give Rise to Deferred Income Tax Assets and Liabilities

The tax effects of existing temporary differences that give rise to deferred income tax assets and liabilities are as follows:

	June 30, 2025		June 30, 2024
	(In thousands)
Deferred tax assets:
ESOP	$	60	$	160
Capital loss carryover		586		586
Deferred compensation		570		693
Unrecognized pension losses		392		475
Deferred loan fees		13		13
Allowance for credit loss		1,749		1,470
Compensation		396		250
Depreciation		432		432
Federal net operating loss		624		772
State net operating loss		535		510
Charitable contributions		1,579		1,579
Uncollected interest		—		2
Fair value adjustments related to acquisition		941		2,201
Total deferred tax assets		7,877		9,143
Deferred tax liabilities:
Core deposit intangible		1,768		2,235
Prepaid pension		966		900
Deferred loan costs		178		178
Other		92		79
Total deferred tax liabilities		3,004		3,392
Valuation allowance		2,165		2,165
Net deferred income tax asset included in other assets	$	2,708	$	3,586