XML 56 R41.htm IDEA: XBRL DOCUMENT v3.22.2.2
Fair Value Measurements (Tables)
12 Months Ended
Jun. 30, 2022
Fair Value Measurements  
Fair Value, Assets Measured on Recurring Basis

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Fair Value Measurements at June 30, 2022, 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)

Obligations of state and political subdivisions

​

$

44,479

​

$

—

​

$

44,479

​

$

—

Corporate obligations

​

​

19,887

​

​

—

​

​

19,887

​

​

—

Other securities

​

 

443

​

 

—

​

 

443

​

 

—

MBS and CMOs

​

 

170,585

​

 

—

​

 

170,585

​

 

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurements at June 30, 2021, 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)

Obligations of state and political subdivisions

​

$

47,696

​

$

—

​

$

47,696

​

$

—

Corporate obligations

​

​

20,311

​

​

—

​

​

20,311

​

​

—

Other securities

​

 

672

​

 

—

​

 

672

​

 

—

MBS and CMOs

​

 

138,341

​

 

—

​

 

138,341

​

 

—

Fair Value Measurements, Nonrecurring

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​

​

​

​

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​

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​

​

​

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​

​

​

​

Fair Value Measurements at June 30, 2022, 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

​

$

—

​

$

—

​

$

—

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurements at June 30, 2021, 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

​

$

280

​

$

—

​

$

—

​

$

280

Losses Recognized on Assets Measured on a Nonrecurring Basis

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(dollars in thousands)

​

2022

​

2021

Foreclosed and repossessed assets held for sale

​

$

(503)

​

$

(44)

Total losses on assets measured on a non-recurring basis

​

$

(503)

​

$

(44)

Fair Value Option, Disclosures

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Range

    

​

 

​

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Fair value at

​

Valuation

​

Unobservable

​

of

​

Weighted-average

 

(dollars in thousands)

​

June 30, 2021

​

technique

​

inputs

​

inputs applied

​

inputs applied

 

Nonrecurring Measurements

 

​

  

 

  

 

  

 

  

 

  

​

Foreclosed and repossessed assets

​

$

280

 

Third party appraisal

 

Marketability discount

 

7.2% - 80.6

%  

37.1

%

Schedule of Financial Instruments

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​

June 30, 2022

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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

​

$

86,792

​

$

86,792

​

$

—

​

$

—

Interest-bearing time deposits

​

 

4,768

​

 

—

​

 

4,768

​

 

—

Stock in FHLB

​

 

5,893

​

 

—

​

 

5,893

​

 

—

Stock in Federal Reserve Bank of St. Louis

​

 

5,790

​

 

—

​

 

5,790

​

 

—

Loans receivable, net

​

 

2,686,198

​

 

—

​

 

—

​

 

2,655,882

Accrued interest receivable

​

 

11,052

​

 

—

​

 

11,052

​

 

—

Financial liabilities

​

 

​

​

 

​

​

 

​

​

 

​

Deposits

​

 

2,815,075

​

 

2,176,444

​

 

—

​

 

637,163

Advances from FHLB

​

 

37,957

​

 

—

​

 

35,916

​

 

—

Accrued interest payable

​

 

801

​

 

—

​

 

801

​

 

—

Subordinated debt

​

 

23,055

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—

​

 

—

​

 

22,070

Unrecognized financial instruments (net of contract amount)

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​

​

 

​

​

 

​

​

 

​

Commitments to originate loans

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—

​

 

—

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—

​

 

—

Letters of credit

​

 

—

​

 

—

​

 

—

​

 

—

Lines of credit

​

 

—

​

 

—

​

 

—

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—

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​

​

​

​

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​

​

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​

​

​

​

​

​

June 30, 2021

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Quoted Prices

​

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in Active

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​

​

Significant

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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

​

$

123,592

​

$

123,592

​

$

—

​

$

—

Interest-bearing time deposits

​

 

979

​

 

—

​

 

979

​

 

—

Stock in FHLB

​

 

5,873

​

 

—

​

 

5,873

​

 

—

Stock in Federal Reserve Bank of St. Louis

​

 

5,031

​

 

—

​

 

5,031

​

 

—

Loans receivable, net

​

 

2,200,244

​

 

—

​

 

—

​

 

2,218,762

Accrued interest receivable

​

 

10,079

​

 

—

​

 

10,079

​

 

—

Financial liabilities

​

 

​

​

​

​

​

​

​

​

​

​

Deposits

​

 

2,330,803

​

 

1,768,217

​

 

—

​

 

565,123

Advances from FHLB

​

 

57,529

​

 

—

​

 

58,587

​

 

—

Accrued interest payable

​

​

779

​

 

—

​

 

779

​

 

—

Subordinated debt

​

​

15,243

​

 

—

​

 

—

​

 

15,468

Unrecognized financial instruments (net of contract amount)

​

 

​

​

​

​

​

​

​

​

​

​

Commitments to originate loans

​

 

—

​

 

—

​

 

—

​

 

—

Letters of credit

​

 

—

​

 

—

​

 

—

​

 

—

Lines of credit

​

 

—

​

 

—

​

 

—

​

 

—