Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2024

Fair Value Measurements

Schedule of fair value assets measured on recurring basis

	Fair Value Measurements at September 30, 2024, 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)
Assets:
Obligations of state and political subdivisions	$	28,430	$	—	$	28,430	$	—
Corporate obligations		31,790		—		31,790		—
Asset backed securities		47,340		—		47,340		—
Other securities		5,161		—		5,161		—
MBS and CMOs		307,488		—		307,488		—
Mortgage servicing rights		2,419		—		—		2,419
Derivative financial instruments		1,320		—		1,320		—
Liabilities:
Derivative financial instruments		1,294		—		1,294		—

	Fair Value Measurements at June 30, 2024, 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)
Assets:
Obligations of state and political subdivisions	$	27,753	$	—	$	27,753	$	—
Corporate obligations		31,277		—		31,277		—
Asset backed securities		58,679		—		58,679		—
Other securities		5,333		—		5,333		—
MBS and CMOs		304,861		—		304,861		—
Mortgage servicing rights		2,448						2,448
Derivative financial instruments		20		—		20		—
Liabilities:
Derivative financial instruments		15		—		15		—

Schedule of fair value of nonrecurring measurements

	Fair Value Measurements at September 30, 2024, 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	$	736	$	—	$	—	$	736
Collateral dependent loans		11,770		—		—		11,770

	Fair Value Measurements at June 30, 2024, 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	$	759	$	—	$	—	$	759
Collateral dependent loans		12,994		—		—		12,994

Schedule of losses recognized on assets measured on a nonrecurring basis

	For the three months ended
(dollars in thousands)	September 30, 2024		September 30, 2023
Foreclosed and repossessed assets held for sale	$	23	$	—
Total losses on assets measured on a non-recurring basis	$	23	$	—

Fair Value Option, Disclosures [Table Text Block]

					Range
	Fair value at		Valuation	Unobservable	of		Weighted-average
(dollars in thousands)	September 30, 2024		technique	inputs	inputs applied		inputs applied
Nonrecurring Measurements
Foreclosed and repossessed assets	$	736	Third party appraisal	Marketability discount	20.4 -20.4	%	20.4	%
Collateral dependent loans		11,770	Collateral value	Marketability discount	13.8 -54.8	%	33.6	%

					Range
	Fair value at		Valuation	Unobservable	of		Weighted-average
(dollars in thousands)	June 30, 2024		technique	inputs	inputs applied		inputs applied
Nonrecurring Measurements
Foreclosed and repossessed assets	$	759	Third party appraisal	Marketability discount	17.9 - 44.9	%	20.3	%
Collateral dependent loans		12,994	Collateral value	Marketability discount	14.5 - 52.3	%	43.7	%

Schedule of financial instruments

	September 30, 2024
			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	$	75,347	$	75,347	$	—	$	—
Interest-bearing time deposits		244		—		244		—
Stock in FHLB		8,972		—		8,972		—
Stock in Federal Reserve Bank of St. Louis		9,092		—		9,092		—
Loans receivable, net		3,912,081		—		—		3,848,447
Accrued interest receivable		28,949		—		28,949		—
Mortgage servicing assets		2,419						2,419
Derivative financial instruments		1,320		—		1,320		—
Financial liabilities
Deposits		4,040,142		2,520,687		—		1,523,471
Securities sold under agreements to repurchase		15,000		—		15,000		—
Advances from FHLB		107,069		—		107,124		—
Accrued interest payable		11,668		—		11,668		—
Subordinated debt		23,169		—		—		20,881
Derivative financial instruments		1,294		—		1,294		—
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—

	June 30, 2024
			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	$	60,904	$	60,904	$	—	$	—
Interest-bearing time deposits		491		—		491		—
Stock in FHLB		8,713		—		8,713		—
Stock in Federal Reserve Bank of St. Louis		9,089		—		9,089		—
Loans receivable, net		3,797,287		—		—		3,639,657
Accrued interest receivable		23,826		—		23,826		—
Mortgage servicing assets		2,448		—		—		2,448
Derivative financial instruments		20		—		20		—
Financial liabilities
Deposits		3,943,059		2,607,653		—		1,338,215
Securities sold under agreements to repurchase		9,398		—		9,398		—
Advances from FHLB		102,050		—		100,468		—
Accrued interest payable		12,868		—		12,868		—
Subordinated debt		23,156		—		—		20,576
Derivative financial instruments		15		—		15		—
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—