UNREALIZED LOSSES ON SECURITIES (Tables)

3 Months Ended

Sep. 30, 2021

Debt and Equity Securities, Gain (Loss) [Abstract]

Schedule of Gross Unrealized Losses and Fair Value

The following tables show the Company’s gross unrealized losses and fair value, aggregated by category and length of time that the individual securities have been in a continuous unrealized loss position, at September 30, 2021 and June 30, 2021.

	September 30, 2021
	Less Than Twelve Months					Twelve Months or Greater					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
	(Dollars in Thousands)
U.S. government securities	$	10,940	$	(16	)	$	-	$	-		$	10,940	$	(16	)
Corporate debt securities		19,090		(38	)		-		-			19,090		(38	)
Foreign debt securities​​3		4,493		(4	)		-		-			4,493		(4	)
Obligations of states and political subdivisions		466		(3	)		254		(4	)		720		(7	)
Collateralized mortgage obligations		39,353		(122	)		8,457		(75	)		47,810		(197	)
Total	$	74,342	$	(183	)	$	8,711	$	(79	)	$	83,053	$	(262	)

	June 30, 2021
	Less Than Twelve Months					Twelve Months or Greater					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
	(Dollars in Thousands)
U.S. government agency securities	$	3,214	$	(1	)	$	-	$	-		$	3,214	$	(1	)
Corporate debt securities		17,111		(7	)		-		-			17,111		(7	)
Foreign debt securities​3		10,929		(21	)		-		-			10,929		(21	)
Obligations of states and political subdivisions		725		(5	)		-		-			725		(5	)
Collateralized mortgage obligations		22,810		(42	)		10,407		(98	)		33,217		(140	)
Total	$	54,789	$	(76	)	$	10,407	$	(98	)	$	65,196	$	(174	)

Schedule of Changes in the Credit Loss

The following table presents a roll-forward of the credit loss component of the amortized cost of mortgage-backed securities that we have written down for OTTI and the credit component of the loss that is recognized in earnings. OTTI recognized in earnings for credit impaired mortgage-backed securities is presented as additions in two components based upon whether the current period is the first time the mortgage-backed security was credit-impaired (initial credit impairment) or is not the first time the mortgage-backed security was credit impaired (subsequent credit impairments). The credit loss component is reduced if we sell, intend to sell or believe that we will be required to sell previously credit-impaired mortgage-backed securities. Additionally, the credit loss component is reduced if we receive cash flows in excess of what we expected to receive over the remaining life of the credit impaired mortgage-backed securities, the security matures or is fully written down.

	Three Months Ended
	September 30,
	2021		2020
	(Dollars in Thousands)
Beginning balance	$	322	$	311
Initial credit impairment		-		-
Subsequent credit impairment		-		13
Reductions for amounts recognized in earnings due to intent or requirement to sell		-		-
Reductions for securities sold		-		-
Reduction for actual realized losses		-		-
Reduction for increase in cash flows expected to be collected		-		-
Ending balance	$	322	$	324