MORTGAGE-BACKED SECURITIES (Tables)

3 Months Ended

Sep. 30, 2021

MORTGAGE-BACKED SECURITIES [Abstract]

Schedule of Information Relating To Private Label CMO Portfolio

The following table sets forth information with respect to the Company’s Private-Label CMO portfolio as of September 30, 2021. At the time of purchase, all of our Private-Label CMOs were rated in the highest investment category by at least two ratings agencies.

14

		At September 30, 2021
		Rating			Book Value		Fair Value2		Life to Date Impairment Recorded in Earnings
Cusip #	Security Description	S&P	Moody’s	Fitch	(in thousands)
126694CP1	CWHL SER 21 A11	NR	WR	D	$	233	$	256	$	271
126694KF4	CWHL SER 24 A15	NR	NR	D		104		133		180
126694MP0	CWHL SER 26 1A5	NR	NR	WD		36		43		48
					$	373	$	432	$	499

Schedule of Amortized Cost and Fair Values of Mortgage-Backed Securities

The amortized cost and fair values of the Company’s mortgage-backed securities are as follows:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Dollars in Thousands)
September 30, 2021
HELD TO MATURITY
Collateralized mortgage obligations:
Agency	$	99,585	$	323	$	(197	)	$	99,711
Private-label		373		59		-			432
Total	$	99,958	$	382	$	(197	)	$	100,143

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(Dollars in Thousands)
June 30, 2021
HELD TO MATURITY
Collateralized mortgage obligations:
Agency	$	82,059	$	283	$	(140	)	$	82,202
Private-label		400		57		-			457
Total	$	82,459	$	340	$	(140	)	$	82,659

Schedule of Mortgage-Backed Securities by Contractual Maturity

The amortized cost and fair value of the Company’s mortgage-backed securities at September 30, 2021, by contractual maturity, are shown below. Expected maturities may differ from the contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Due in one year or less		Due after one through five years		Due after five through ten years		Due after ten years		Total
	(Dollars in Thousands)
HELD TO MATURITY
Amortized cost	$	-	$	42	$	-	$	99,916	$	99,958
Fair value		-		42		-		100,101		100,143