Available for Sale Securities (Tables)

3 Months Ended

Sep. 30, 2024

Available for Sale Securities

Schedule of available for sale securities

	September 30, 2024
			Gross		Gross		Allowance		Estimated
	Amortized		Unrealized		Unrealized		for		Fair
(dollars in thousands)	Cost		Gains		Losses		Credit Losses		Value
Debt securities:
Obligations of states and political subdivisions	$	29,913	$	44	$	(1,527)	$	—	$	28,430
Corporate obligations		33,036		45		(1,291)		—		31,790
Asset-backed securities		46,359		1,194		(213)		—		47,340
Other securities		5,191		21		(51)		—		5,161
Total debt securities		114,499		1,304		(3,082)		—		112,721
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		111,322		1,313		(4,756)		—		107,879
Commercial MBS issued by GSEs		65,071		940		(4,098)		—		61,913
CMOs issued by GSEs		142,824		507		(5,635)		—		137,696
Total MBS and CMOs		319,217		2,760		(14,489)		—		307,488
Total AFS securities	$	433,716	$	4,064	$	(17,571)	$	—	$	420,209

	June 30, 2024
			Gross		Gross		Allowance		Estimated
	Amortized		Unrealized		Unrealized		for		Fair
(dollars in thousands)	Cost		Gains		Losses		Credit Losses		Value
Debt securities:
Obligations of states and political subdivisions	$	29,960	$	4	$	(2,211)	$	—	$	27,753
Corporate obligations		32,998		60		(1,781)		—		31,277
Asset-backed securities		57,403		1,525		(249)		—		58,679
Other securities		5,387		20		(74)		—		5,333
Total debt securities		125,748		1,609		(4,315)		—		123,042
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		110,918		692		(6,855)		—		104,755
Commercial MBS issued by GSEs		65,195		297		(5,746)		—		59,746
CMOs issued by GSEs		148,382		82		(8,104)		—		140,360
Total MBS and CMOs		324,495		1,071		(20,705)		—		304,861
Total AFS securities	$	450,243	$	2,680	$	(25,020)	$	—	$	427,903

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

	September 30, 2024
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	1,448	$	1,444
After one year but less than five years		26,918		26,576
After five years but less than ten years		45,791		44,128
After ten years		40,342		40,573
Total investment securities		114,499		112,721
MBS and CMOs		319,217		307,488
Total AFS securities	$	433,716	$	420,209

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

	September 30, 2024
	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
(dollars in thousands)
Obligations of state and political subdivisions	$	1,413	$	27	$	18,156	$	1,500	$	19,569	$	1,527
Corporate obligations		—		—		24,835		1,291		24,835		1,291
Asset-backed securities		—		—		6,157		213		6,157		213
Other securities		4,235		20		282		31		4,517		51
MBS and CMOs		15,069		75		171,167		14,414		186,236		14,489
Total AFS securities	$	20,717	$	122	$	220,597	$	17,449	$	241,314	$	17,571

	June 30, 2024
	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
(dollars in thousands)
Obligations of state and political subdivisions	$	3,720	$	38	$	21,762	$	2,173	$	25,482	$	2,211
Corporate obligations		—		—		25,295		1,781		25,295		1,781
Asset-backed securities		—		—		7,234		249		7,234		249
Other securities		4,404		31		287		43		4,691		74
MBS and CMOs		56,820		621		193,382		20,084		250,202		20,705
Total AFS securities	$	64,944	$	690	$	247,960	$	24,330	$	312,904	$	25,020