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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