Repurchase Agreements

12 Months Ended

Jun. 30, 2025

Repurchase Agreements

Repurchase Agreements

NOTE 6:  Repurchase Agreements

Securities sold under agreements to repurchase totaled $15.0 million at June 30, 2025, an increase of $5.6 million from $9.4 million at June 30, 2024. The following table sets forth the outstanding amounts and interest rates as of June 30, 2025 and June 30, 2024:

	June 30,			June 30,
(dollars in thousands)	2025			2024
Period-end balance	$	15,000		$	9,398
Average balance during the period		14,330			9,398
Maximum month-end balance during the period		15,000			9,398
Average interest during the period		5.35	%		4.80	%
Period-end interest rate		5.11	%		5.39	%

The repurchase agreements mature daily and the following sets forth the collateral pledged by class for repurchase agreements:

	June 30,		June 30,
(dollars in thousands)	2025		2024
Mortgage-backed securities (MBS)	$	15,353	$	9,981