Note 11 - Other Short-term Borrowings

9 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Short-Term Debt [Text Block]

11. OTHER SHORT-TERM BORROWINGS

The Company periodically utilizes other short-term borrowings comprised of FRB discount window borrowings. FRB discount window borrowings mature within 90 days and may be repaid prior to maturity without penalty, in whole or in part, plus accrued interest. The following table presents information regarding the FRBC borrowings as of March 31, 2022 and June 30, 2021:

FRBC Discount Window Borrowings:

	March 31,			June 30,
	2022			2021
	(Dollars in Thousands)
Ending balance	$	-		$	-
Average balance		-			456
Maximum month-end balance		-			5,875
Average interest rate		-	%		0.25	%
Weighted-average rate at period end		-	%		-	%

            At March 31, 2022 the Company had remaining borrowing capacity with the FRB of approximately $27.6 million.

^​5 As of March 31, 2022.