Available for Sale Securities (Tables)

6 Months Ended

Dec. 31, 2023

Available for Sale Securities

Schedule of available for sale securities

	December 31, 2023
			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	$	41,965	$	55	$	(2,021)	$	—	$	39,999
Corporate obligations		35,781		66		(2,501)		—		33,346
Asset backed securities		65,491		1,324		(401)		—		66,414
Other securities		6,319		21		(69)		—		6,271
Total debt and equity securities		149,556		1,466		(4,992)		—		146,030
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		90,452		273		(6,758)		—		83,967
Commercial MBS issued by GSEs		66,026		328		(6,075)		—		60,279
CMOs issued by GSEs		135,428		40		(8,338)		—		127,130
Total MBS and CMOs		291,906		641		(21,171)		—		271,376
Total AFS securities	$	441,462	$	2,107	$	(26,163)	$	—	$	417,406

	June 30, 2023
			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	$	45,285	$	20	$	(2,737)	$	—	$	42,568
Corporate obligations		35,700		19		(3,181)		—		32,538
Asset backed securities		67,897		1,274		(545)				68,626
Other securities		3,587		39		(56)		—		3,570
Total debt and equity securities		152,469		1,352		(6,519)		—		147,302
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		97,612		122		(7,610)		—		90,124
Commercial MBS issued by GSEs		60,333		11		(6,959)		—		53,385
CMOs issued by GSEs		135,202		9		(8,468)		—		126,743
Total MBS and CMOs		293,147		142		(23,037)		—		270,252
Total AFS securities	$	445,616	$	1,494	$	(29,556)	$	—	$	417,554

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

	December 31, 2023
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	1,230	$	1,229
After one year but less than five years		25,637		24,465
After five years but less than ten years		60,602		58,494
After ten years		62,087		61,842
Total investment securities		149,556		146,030
MBS and CMOs		291,906		271,376
Total AFS securities	$	441,462	$	417,406

Schedule of available-for-sale securities, continuous unrealized loss position and fair Value

	December 31, 2023
	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	$	3,422	$	14	$	29,272	$	2,007	$	32,694	$	2,021
Corporate obligations		14,140		853		16,284		1,648		30,424		2,501
Asset backed securities		18,720		136		715		265		19,435		401
Other securities		5,338		25		309		44		5,647		69
MBS and CMOs		85,433		1,552		138,389		19,619		223,822		21,171
Total AFS securities	$	127,053	$	2,580	$	184,969	$	23,583	$	312,022	$	26,163

	June 30, 2023
	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	$	11,574	$	184	$	26,763	$	2,553	$	38,337	$	2,737
Corporate obligations		14,709		1,074		13,821		2,107		28,530		3,181
Asset backed securities		22,628		263		698		282		23,326		545
Other securities		1,970		11		350		45		2,320		56
MBS and CMOs		87,354		1,525		145,673		21,512		233,027		23,037
Total AFS securities	$	138,235	$	3,057	$	187,305	$	26,499	$	325,540	$	29,556