Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2020

Fair Value Measurements

Fair Value, Assets Measured on Recurring Basis

	Fair Value Measurements at June 30, 2020, Using:
			Quoted Prices in
			Active Markets for		Significant Other		Significant
			Identical Assets		Observable Inputs		Unobservable Inputs
(dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
State and political subdivisions	$	41,988	$	—	$	41,988	$	—
Other securities		7,624		—		7,624		—
Mortgage-backed GSE residential		126,912		—		126,912		—

	Fair Value Measurements at June 30, 2019, Using:
			Quoted Prices in
			Active Markets for		Significant Other		Significant
			Identical Assets		Observable Inputs		Unobservable Inputs
(dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
U.S. government sponsored enterprises (GSEs)	$	7,270	$	—	$	7,270	$	—
State and political subdivisions		42,783		—		42,783		—
Other securities		5,053		—		5,053		—
Mortgage-backed GSE residential		110,429		—		110,429		—

Fair Value Measurements, Nonrecurring

	Fair Value Measurements at June 30, 2020, Using:
			Quoted Prices in
			Active Markets for		Significant Other		Significant
			Identical Assets		Observable Inputs		Unobservable Inputs
(dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
Foreclosed and repossessed assets held for sale	$	2,211	$	—	$	—	$	2,211

	Fair Value Measurements at June 30, 2019, Using:
			Quoted Prices in
			Active Markets for		Significant Other		Significant
			Identical Assets		Observable Inputs		Unobservable Inputs
(dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
Foreclosed and repossessed assets held for sale	$	2,430	$	—	$	—	$	2,430

Gains (Losses) Recognized on Assets Measured on a Nonrecurring Basis

(dollars in thousands)	2020		2019
Foreclosed and repossessed assets held for sale	$	(1,009)	$	(353)
Total losses on assets measured on a non-recurring basis	$	(1,009)	$	(353)

Fair Value Option, Disclosures

	Fair value at		Valuation	Unobservable	Range of		Weighted-average
(dollars in thousands)	June 30, 2020		technique	inputs	inputs applied		inputs applied
Nonrecurring Measurements
Foreclosed and repossessed assets	$	2,211	Third party appraisal	Marketability discount	8.0% - 56.9	%	15.7	%

	Fair value at		Valuation	Unobservable	Range of		Weighted-average
(dollars in thousands)	June 30, 2019		technique	inputs	inputs applied		inputs applied
Nonrecurring Measurements
Foreclosed and repossessed assets	$	2,430	Third party appraisal	Marketability discount	5.1% - 77.0	%	35.2	%

Schedule of Financial Instruments

	June 30, 2020
			Quoted Prices
			in Active				Significant
			Markets for		Significant Other		Unobservable
	Carrying		Identical Assets		Observable Inputs		Inputs
(dollars in thousands)	Amount		(Level 1)		(Level 2)		(Level 3)
Financial assets
Cash and cash equivalents	$	54,245	$	54,245	$	—	$	—
Interest-bearing time deposits		974		—		974		—
Stock in FHLB		6,390		—		6,390		—
Stock in Federal Reserve Bank of St. Louis		4,363		—		4,363		—
Loans receivable, net		2,141,929		—		—		2,143,823
Accrued interest receivable		12,116		—		12,116		—
Financial liabilities
Deposits		2,184,847		1,508,740		—		676,816
Advances from FHLB		70,024		—		72,136		—
Accrued interest payable		1,646		—		1,646		—
Subordinated debt		15,142		—		—		11,511
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—

	June 30, 2019
			Quoted Prices
			in Active				Significant
			Markets for		Significant Other		Unobservable
	Carrying		Identical Assets		Observable Inputs		Inputs
(dollars in thousands)	Amount		(Level 1)		(Level 2)		(Level 3)
Financial assets
Cash and cash equivalents	$	35,400	$	35,400	$	—	$	—
Interest-bearing time deposits		969		—		969		—
Stock in FHLB		5,233		—		5,233		—
Stock in Federal Reserve Bank of St. Louis		4,350		—		4,350		—
Loans receivable, net		1,846,405		—		—		1,823,040
Accrued interest receivable		10,189		—		10,189		—
Financial liabilities
Deposits		1,893,695		1,214,606		—		678,301
Securities sold under agreements to repurchase		4,376		—		4,376		—
Advances from FHLB		44,908		—		45,547		—
Note payable		3,000		—		—		3,000
Accrued interest payable		2,099		—		2,099		—
Subordinated debt		15,043		—		—		15,267
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—