Available for Sale Securities (Tables)

3 Months Ended

Sep. 30, 2022

Available for Sale Securities

Schedule of Available for Sale Securities

	September 30, 2022
			Gross		Gross		Allowance		Estimated
	Amortized		Unrealized		Unrealized		for		Fair
(dollars in thousands)	Cost		Gains		Losses		Credit Losses		Value
Debt and equity securities:
Obligations of states and political subdivisions	$	47,532	$	15	$	(3,661)	$	—	$	43,886
Corporate obligations		20,821		—		(1,309)		—		19,512
Other securities		2,680		—		(49)		—		2,631
Total debt and equity securities		71,033		15		(5,019)		—		66,029
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		76,837		—		(7,788)		—		69,049
Commercial MBS issued by GSEs		56,319		—		(6,944)		—		49,375
CMOs issued by GSEs		55,975		—		(5,312)		—		50,663
Total MBS and CMOs		189,131		—		(20,044)		—		169,087
Total AFS securities	$	260,164	$	15	$	(25,063)	$	—	$	235,116

	June 30, 2022
			Gross		Gross		Allowance		Estimated
	Amortized		Unrealized		Unrealized		for		Fair
(dollars in thousands)	Cost		Gains		Losses		Credit Losses		Value
Debt and equity securities:
Obligations of states and political subdivisions	$	47,383	$	77	$	(2,981)	$	—		44,479
Corporate obligations		20,818		32		(963)		—		19,887
Other securities		486		—		(43)		—		443
Total debt and equity securities		68,687		109		(3,987)		—		64,809
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		76,345		—		(7,177)		—		69,168
Commercial MBS issued by GSEs		51,435		—		(5,705)		—		45,730
CMOs issued by GSEs		61,293		—		(5,606)		—		55,687
Total MBS and CMOs		189,073		—		(18,488)		—		170,585
Total AFS securities	$	257,760	$	109	$	(22,475)	$	—	$	235,394

Schedule of amortized cost and fair value of available-for-sale securities, by contractual maturity

	September 30, 2022
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	1,521	$	1,515
After one year but less than five years		11,502		11,174
After five years but less than ten years		33,932		31,418
After ten years		24,078		21,922
Total investment securities		71,033		66,029
MBS and CMOs		189,131		169,087
Total AFS securities	$	260,164	$	235,116

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

	September 30, 2022
	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
(dollars in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Obligations of state and political subdivisions	$	35,525	$	2,642	$	5,443	$	1,019	$	40,968	$	3,661
Corporate obligations		11,506		441		10,006		868		21,512		1,309
Other securities		606		49		—		—		606		49
MBS and CMOs		114,117		9,187		54,970		10,857		169,087		20,044
Total AFS securities	$	161,754	$	12,319	$	70,419	$	12,744	$	232,173	$	25,063

	June 30, 2022
	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
(dollars in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Obligations of state and political subdivisions	$	31,985	$	2,639	$	1,600	$	342	$	33,585	$	2,981
Corporate obligations		10,944		420		6,911		543		17,855		963
Other securities		418		43		—		—		418		43
MBS and CMOs		137,590		12,482		29,834		6,006		167,424		18,488
Total AFS securities	$	180,937	$	15,584	$	38,345	$	6,891	$	219,282	$	22,475