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Fair Value Measurements (Tables)
9 Months Ended
Mar. 31, 2025
Fair Value Measurements  
Schedule of fair value assets measured on recurring basis

Fair Value Measurements at March 31, 2025, 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

$

25,399

$

$

25,399

$

Corporate obligations

32,335

32,335

Asset backed securities

38,805

38,805

Other securities

 

4,365

 

 

4,365

 

MBS and CMOs

 

362,026

 

 

362,026

 

Mortgage servicing rights

2,388

2,388

Derivative financial instruments

605

605

Liabilities:

Derivative financial instruments

578

578

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 March 31, 2025, 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

$

625

$

$

$

625

Collateral dependent loans

25,288

25,288

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 nine months ended

(dollars in thousands)

March 31, 2025

March 31, 2024

Foreclosed and repossessed assets held for sale

$

80

$

687

Total losses on assets measured on a non-recurring basis

$

80

$

687

Fair Value Option, Disclosures [Table Text Block]

    

    

    

    

Range

    

 

Fair value at

Valuation

Unobservable

of

Weighted-average

 

(dollars in thousands)

March 31, 2025

technique

inputs

inputs applied

inputs applied

 

Nonrecurring Measurements

 

  

 

  

 

  

 

  

 

  

Foreclosed and repossessed assets

$

625

 

Third party appraisal

 

Marketability discount

 

31.3 - 31.3

%  

31.3

%

Collateral dependent loans

25,288

 

Collateral value

 

Marketability discount

 

12.4 - 60.2

%  

28.0

%

    

    

    

    

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

March 31, 2025

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

$

226,891

$

226,891

$

$

Interest-bearing time deposits

 

245

 

 

245

 

Stock in FHLB

 

9,157

 

 

9,157

 

Stock in Federal Reserve Bank of St. Louis

 

9,112

 

 

9,112

 

Loans receivable, net

 

3,968,569

 

 

 

3,879,402

Accrued interest receivable

 

25,783

 

 

25,783

 

Mortgage servicing assets

2,388

2,388

Derivative financial instruments

605

 

 

605

 

Financial liabilities

 

 

 

 

Deposits

 

4,261,382

 

2,654,297

 

 

1,608,034

Securities sold under agreements to repurchase

15,000

15,000

Advances from FHLB

 

104,072

 

 

104,097

 

Accrued interest payable

 

9,983

 

 

9,983

 

Subordinated debt

 

23,195

 

 

 

21,805

Derivative financial instruments

578

 

 

578

 

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