Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2025

Fair Value Measurements

Schedule of fair value assets measured on recurring basis

	Fair Value Measurements at June 30, 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	$	24,263	$	—	$	24,263	$	—
Corporate obligations		30,642		—		30,642		—
Asset backed securities		42,481		—		42,481		—
Other securities		3,964		—		3,964		—
MBS and CMOs		359,494		—		359,494		—
Mortgage servicing rights		2,297		—		—		2,297
Derivative financial instruments		912		—		912		—
Liabilities:
Derivative financial instruments		877		—		877		—

	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 change in fair value of assets measured on a recurring basis

	June 30,
(dollars in thousands)	2025		2024
MSR, beginning	$	2,448	$	2,359
Originations		171		165
Amortization		(214)		(207)
Change in fair value		(108)		131
MSR, ending	$	2,297	$	2,448

Schedule of fair value of nonrecurring measurements

	Fair Value Measurements at June 30, 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		24,368		—		—		24,368

	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 gains and losses recognized on assets measured on a nonrecurring basis

(dollars in thousands)	2025		2024
Foreclosed and repossessed assets held for sale	$	(45)	$	74
Total (gains) losses on assets measured on a non-recurring basis	$	(45)	$	74

Schedule of quantitative information about unobservable inputs used in recurring and nonrecurring Level 3

					Range
	Fair value at		Valuation	Unobservable	of		Weighted-average
(dollars in thousands)	June 30, 2025		technique	inputs	inputs applied		inputs applied
Nonrecurring Measurements
Foreclosed and repossessed assets	$	625	Third party appraisal	Marketability discount	25.6 -25.6	%	25.6	%
Collateral dependent loans		24,368	Collateral value	Marketability discount	4.3 -100.0	%	23.9	%

					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

	June 30, 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	$	192,859	$	192,859	$	—	$	—
Interest-bearing time deposits		246		—		246		—
Stock in FHLB		9,361		—		9,361		—
Stock in Federal Reserve Bank of St. Louis		9,139		—		9,139		—
Loans held for sale		431		—		431		—
Loans receivable, net		4,048,961		—		—		3,976,696
Accrued interest receivable		26,018		—		26,018		—
Mortgage servicing assets		2,297						2,297
Derivative financial instruments		912		—		912		—
Financial liabilities
Deposits		4,281,368		2,632,774		—		1,650,046
Securities sold under agreements to repurchase		15,000		—		15,000		—
Advances from FHLB		104,052		—		104,561		—
Accrued interest payable		14,186		—		14,186		—
Subordinated debt		23,208		—		—		21,722
Derivative financial instruments		877		—		877		—
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—

	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		—
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—