Available for Sale Securities (Tables)

12 Months Ended

Jun. 30, 2025

Available for Sale Securities

Schedule of available for sale securities

	June 30, 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	$	26,030	$	5	$	(1,772)	$	—	$	24,263
Corporate obligations		31,199		75		(632)		—		30,642
Asset-backed securities		42,059		567		(145)		—		42,481
Other securities		4,007		10		(53)		—		3,964
Total debt securities		103,295		657		(2,602)		—		101,350
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		138,377		1,623		(5,005)		—		134,995
Commercial MBS issued by GSEs		96,377		446		(4,821)		—		92,002
CMOs issued by GSEs		137,346		402		(5,251)		—		132,497
Total MBS and CMOs		372,100		2,471		(15,077)		—		359,494
Total AFS securities	$	475,395	$	3,128	$	(17,679)	$	—	$	460,844

	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

	June 30, 2025
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	1,147	$	1,144
After one year but less than five years		25,958		25,628
After five years but less than ten years		45,812		44,292
After ten years		30,378		30,286
Total investment securities		103,295		101,350
MBS and CMOs		372,100		359,494
Total AFS securities	$	475,395	$	460,844

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

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
(dollars in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
For the year ended June 30, 2025
Obligations of state and political subdivisions	$	4,882	$	84	$	15,807	$	1,688	$	20,689	$	1,772
Corporate obligations		1,936		6		18,194		626		20,130		632
Asset-backed securities		3,281		2		839		143		4,120		145
Other securities		15		—		3,578		53		3,593		53
MBS and CMOs		57,829		465		158,105		14,612		215,934		15,077
Total AFS securities	$	67,943	$	557	$	196,523	$	17,122	$	264,466	$	17,679

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
(dollars in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
For the year ended June 30, 2024
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