FEDERAL HOME LOAN BANK (FHLB) ADVANCES (Tables)

3 Months Ended

Sep. 30, 2021

Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures [Abstract]

Schedule of Contractual Maturities of Federal Home Loan Bank Long-Term Advances

The following table presents contractual maturities of FHLB long-term advances as of September 30, 2021.

	Maturity range		Weighted- average		Stated interest rate range				September 30,		June 30,
Description	from	to	interest rate⁴		from		to		2021		2021
										(Dollars in Thousands)
Fixed	10/01/20	10/03/22	3.03	%	2.95	%	3.09	%	$	10,000	$	10,000
Adjustable	10/01/20	10/01/21	0.32	%	0.29	%	0.36	%		25,000		25,000
Total									$	35,000	$	35,000

__________________________

⁴ As of September 30, 2021

Maturities of Federal Home Loan Bank Long-Term Advances

Maturities of FHLB long-term advances at September 30, 2021, are summarized as follows:

Maturing During			Weighted-
Fiscal Year Ended			Average
June 30:	Amount		Interest Rate⁴
	(Dollars in Thousands)
2022	$	30,000	$	0.72	%
2023		5,000		3.09	%
2024		-		-
2025		-		-
2026		-		-
2026 and thereafter		-		-
Total	$	35,000		1.06	%

Schedule of Federal Home Loan Bank Short-Term Advances

The Company also utilized revolving and short-term FHLB advances. Short-term FHLB advances generally mature within 90 days, while revolving FHLB advances may be repaid by the Company without penalty. The following table presents information regarding such advances as of September 30, 2021 and June 30, 2021:

	September 30, 2021			June 30, 2021
		(Dollars in Thousands)
FHLB revolving and short-term advances:
Ending balance	$	115,594		$	113,093
Average balance		70,306			34,715
Maximum month-end balance		115,594			113,093
Average interest rate		.26	%		0.34	%
Weighted-average rate at period end		.25	%		0.28	%