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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