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Fair Value Measurements (Tables)
6 Months Ended
Dec. 31, 2022
Fair Value Measurements  
Fair Value, Assets Measured on Recurring Basis

Fair Value Measurements at December 31, 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

$

44,561

$

$

44,561

$

Corporate obligations

19,309

19,309

Other securities

 

2,370

 

 

2,370

 

MBS and CMOs

 

165,149

 

 

165,149

 

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

 

Losses Recognized on Assets Measured on a Nonrecurring Basis

    

For the six months ended

(dollars in thousands)

December 31, 2022

December 31, 2021

Foreclosed and repossessed assets held for sale

$

35

$

(285)

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

$

35

$

(285)

Schedule of Financial Instruments

December 31, 2022

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

$

53,135

$

53,135

$

$

Interest-bearing time deposits

 

2,008

 

 

2,008

 

Stock in FHLB

 

7,014

 

 

7,014

 

Stock in Federal Reserve Bank of St. Louis

 

5,807

 

 

5,807

 

Loans receivable, net

 

2,957,536

 

 

 

2,810,850

Accrued interest receivable

 

14,373

 

 

14,373

 

Financial liabilities

 

 

 

 

Deposits

 

3,005,775

 

2,227,311

 

 

765,288

Advances from FHLB

 

61,489

 

 

59,184

 

Accrued interest payable

 

2,140

 

 

2,140

 

Subordinated debt

 

23,080

 

 

 

20,783

Unrecognized financial instruments (net of contract amount)

 

 

 

 

Commitments to originate loans

 

 

 

 

Letters of credit

 

 

 

 

Lines of credit

 

 

 

 

June 30, 2022

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

 

 

 

22,070

Unrecognized financial instruments (net of contract amount)

 

Commitments to originate loans

 

 

 

 

Letters of credit

 

 

 

 

Lines of credit