XML 38 R28.htm IDEA: XBRL DOCUMENT v3.22.2.2
Fair Value Measurements (Tables)
3 Months Ended
Sep. 30, 2022
Fair Value Measurements  
Fair Value, Assets Measured on Recurring Basis

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Fair Value Measurements at September 30, 2022, Using:

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​

​

​

Quoted Prices in

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​

​

​

​

​

​

​

​

​

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

​

$

43,886

​

$

—

​

$

43,886

​

$

—

Corporate obligations

​

​

19,512

​

​

—

​

​

19,512

​

​

—

Other securities

​

 

2,631

​

 

—

​

 

2,631

​

 

—

MBS and CMOs

​

 

169,087

​

 

—

​

 

169,087

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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, Nonrecurring

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​

​

​

​

​

​

​

​

​

​

Fair Value Measurements at September 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

​

$

10

​

$

—

​

$

—

​

$

10

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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

​

$

—

​

$

—

​

$

—

​

$

—

Losses Recognized on Assets Measured on a Nonrecurring Basis

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For the three months ended

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(dollars in thousands)

​

September 30, 2022

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September 30, 2021

​

Foreclosed and repossessed assets held for sale

​

$

34

​

$

(28)

​

Total gains (losses) on assets measured on a non-recurring basis

​

$

34

​

$

(28)

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Schedule of Financial Instruments

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September 30, 2022

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Quoted Prices

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​

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​

​

​

in Active

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​

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Significant

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Markets for

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Significant Other

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Unobservable

​

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Carrying

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Identical Assets

​

Observable Inputs

​

Inputs

(dollars in thousands)

    

Amount

    

(Level 1)

    

(Level 2)

    

(Level 3)

Financial assets

 

​

  

 

​

  

 

​

  

 

​

  

Cash and cash equivalents

​

$

47,718

​

$

47,718

​

$

—

​

$

—

Interest-bearing time deposits

​

 

2,018

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—

​

 

2,018

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—

Stock in FHLB

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13,485

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—

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13,485

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—

Stock in Federal Reserve Bank of St. Louis

​

 

5,805

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—

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5,805

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—

Loans receivable, net

​

 

2,939,191

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—

​

 

—

​

 

2,888,109

Accrued interest receivable

​

 

13,870

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—

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13,870

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—

Financial liabilities

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​

​

 

​

​

 

​

​

 

​

Deposits

​

 

2,851,013

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2,193,711

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—

​

 

649,026

Advances from FHLB

​

 

224,973

​

 

—

​

 

222,447

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—

Accrued interest payable

​

 

1,172

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—

​

 

1,172

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—

Subordinated debt

​

 

23,068

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—

​

 

—

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21,072

Unrecognized financial instruments (net of contract amount)

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​

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​

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Commitments to originate loans

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—

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—

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—

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—

Letters of credit

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—

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—

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—

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—

Lines of credit

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—

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—

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—

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—

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June 30, 2022

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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

​

$

86,792

​

$

86,792

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$

—

​

$

—

Interest-bearing time deposits

​

 

4,768

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—

​

 

4,768

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—

Stock in FHLB

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5,893

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—

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5,893

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—

Stock in Federal Reserve Bank of St. Louis

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5,790

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—

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5,790

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—

Loans receivable, net

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2,686,198

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—

​

 

—

​

 

2,655,882

Accrued interest receivable

​

 

11,052

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—

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11,052

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—

Financial liabilities

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​

​

​

​

​

​

​

​

​

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Deposits

​

 

2,815,075

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2,176,444

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—

​

 

637,163

Advances from FHLB

​

 

37,957

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—

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35,916

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—

Accrued interest payable

​

​

801

​

 

—

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801

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—

Subordinated debt

​

​

23,055

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—

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—

​

 

22,070

Unrecognized financial instruments (net of contract amount)

​

 

​

​

​

​

​

​

​

​

​

​

Commitments to originate loans

​

 

—

​

 

—

​

 

—

​

 

—

Letters of credit

​

 

—

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—

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—

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—

Lines of credit

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—

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—

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—

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—