Available for Sale Securities (Tables)

9 Months Ended

Mar. 31, 2025

Available for Sale Securities

Schedule of available for sale securities

	March 31, 2025
			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	$	27,313	$	4	$	(1,918)	$	—	$	25,399
Corporate obligations		33,119		93		(877)		—		32,335
Asset-backed securities		38,240		745		(180)		—		38,805
Other securities		4,416		15		(66)		—		4,365
Total debt securities		103,088		857		(3,041)		—		100,904
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		134,178		1,110		(5,834)		—		129,454
Commercial MBS issued by GSEs		68,170		362		(4,820)		—		63,712
CMOs issued by GSEs		175,395		218		(6,753)		—		168,860
Total MBS and CMOs		377,743		1,690		(17,407)		—		362,026
Total AFS securities	$	480,831	$	2,547	$	(20,448)	$	—	$	462,930

	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

	March 31, 2025
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	81	$	82
After one year but less than five years		28,318		28,060
After five years but less than ten years		44,990		43,057
After ten years		29,699		29,705
Total investment securities		103,088		100,904
MBS and CMOs		377,743		362,026
Total AFS securities	$	480,831	$	462,930

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

	March 31, 2025
	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	$	6,083	$	84	$	15,689	$	1,834	$	21,772	$	1,918
Corporate obligations		2,918		6		18,939		871		21,857		877
Asset-backed securities		2,577		1		803		179		3,380		180
Other securities		19		—		3,847		66		3,866		66
MBS and CMOs		70,505		562		159,315		16,845		229,820		17,407
Total AFS securities	$	82,102	$	653	$	198,593	$	19,795	$	280,695	$	20,448

	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