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

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Fair Value Measurements at December 31, 2022, Using:

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​

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Quoted Prices in

​

​

​

​

​

​

​

​

​

​

Active Markets for

​

Significant Other

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Significant

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​

​

​

​

Identical Assets

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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

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—

​

​

​

​

​

​

​

​

​

​

​

​

​

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Fair Value Measurements at June 30, 2022, Using:

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​

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​

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

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​

—

​

​

19,887

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​

—

Other securities

​

 

443

​

 

—

​

 

443

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—

MBS and CMOs

​

 

170,585

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—

​

 

170,585

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—

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Losses Recognized on Assets Measured on a Nonrecurring Basis

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​

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For the six months ended

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(dollars in thousands)

​

December 31, 2022

​

December 31, 2021

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Foreclosed and repossessed assets held for sale

​

$

35

​

$

(285)

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

​

$

35

​

$

(285)

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Schedule of Financial Instruments

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December 31, 2022

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Quoted Prices

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​

​

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​

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​

​

​

in Active

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​

​

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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

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$

—

​

$

—

Interest-bearing time deposits

​

 

2,008

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—

​

 

2,008

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—

Stock in FHLB

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7,014

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—

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7,014

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—

Stock in Federal Reserve Bank of St. Louis

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5,807

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—

​

 

5,807

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—

Loans receivable, net

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2,957,536

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—

​

 

—

​

 

2,810,850

Accrued interest receivable

​

 

14,373

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—

​

 

14,373

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—

Financial liabilities

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​

​

 

​

​

 

​

​

 

​

Deposits

​

 

3,005,775

​

 

2,227,311

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—

​

 

765,288

Advances from FHLB

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61,489

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—

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59,184

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—

Accrued interest payable

​

 

2,140

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—

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2,140

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—

Subordinated debt

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23,080

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—

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—

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20,783

Unrecognized financial instruments (net of contract amount)

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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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​

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​

​

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​

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​

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

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—

​

 

4,768

​

 

—

Stock in FHLB

​

 

5,893

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—

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5,893

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—

Stock in Federal Reserve Bank of St. Louis

​

 

5,790

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—

​

 

5,790

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—

Loans receivable, net

​

 

2,686,198

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—

​

 

—

​

 

2,655,882

Accrued interest receivable

​

 

11,052

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—

​

 

11,052

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—

Financial liabilities

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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

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​

23,055

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—

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—

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22,070

Unrecognized financial instruments (net of contract amount)

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​

​

​

​

​

​

​

​

​

​

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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—