Available for Sale Securities (Tables)

6 Months Ended

Dec. 31, 2024

Available for Sale Securities

Schedule of available for sale securities

	December 31, 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	$	29,855	$	3	$	(2,133)	$	—	$	27,725
Corporate obligations		33,075		114		(1,156)		—		32,033
Asset-backed securities		40,962		995		(189)		—		41,768
Other securities		4,968		20		(66)		—		4,922
Total debt securities		108,860		1,132		(3,544)		—		106,448
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		137,613		721		(6,566)		—		131,768
Commercial MBS issued by GSEs		64,937		201		(5,385)		—		59,753
CMOs issued by GSEs		177,676		87		(7,672)		—		170,091
Total MBS and CMOs		380,226		1,009		(19,623)		—		361,612
Total AFS securities	$	489,086	$	2,141	$	(23,167)	$	—	$	468,060

	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

	December 31, 2024
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	1,444	$	1,442
After one year but less than five years		26,914		26,638
After five years but less than ten years		43,751		41,755
After ten years		36,751		36,613
Total investment securities		108,860		106,448
MBS and CMOs		380,226		361,612
Total AFS securities	$	489,086	$	468,060

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

	December 31, 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	$	7,789	$	166	$	17,649	$	1,967	$	25,438	$	2,133
Corporate obligations		981		3		20,575		1,153		21,556		1,156
Asset-backed securities		—		—		3,682		189		3,682		189
Other securities		33		—		4,302		66		4,335		66
MBS and CMOs		127,978		1,075		161,370		18,548		289,348		19,623
Total AFS securities	$	136,781	$	1,244	$	207,578	$	21,923	$	344,359	$	23,167

	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