FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Assets Measured at Fair Value on a Recurring Basis

The following tables present the assets reported on a recurring basis on the Consolidated Balance Sheet at their fair value as of September 30, 2021 and June 30, 2021, by level within the fair value hierarchy. As required by GAAP, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

		September 30, 2021
		Level I		Level II		Level III		Total
		(Dollars in Thousands)
Assets measured on a recurring basis:
Investment securities – available for sale:
U.S. government agency securities	$	-	$	3,207	$	-	$	3,207
Corporate debt securities		-		108,475		-		108,475
Foreign debt securities5		-		31,124		-		31,124
Obligations of states and political subdivisions		-		720		-		720
	$	-	$	143,526	$	-	$	143,526
_______________________
​5 U.S. dollar-denominated investment-grade corporate bonds of large foreign corporate issuers.

28

		June 30, 2021
		Level I		Level II		Level III		Total
		(Dollars in Thousands)
Assets measured on a recurring basis:
Investment securities – available for sale:
U.S. government agency securities	$	-	$	3,214	$	-	$	3,214
Corporate securities		-		110,040		-		110,040
Foreign debt securities5		-		37,598		-		37,598
Obligations of states and political subdivisions		-		725		-		725
	$	-	$	151,577	$	-	$	151,577