XML 49 R31.htm IDEA: XBRL DOCUMENT
v3.22.2.2

BANK-OWNED LIFE INSURANCE | 12 Months Ended
--- | ---
Jun. 30, 2022
Investments, All Other Investments [Abstract] |
BANK-OWNED LIFE INSURANCE | BANK-OWNED LIFE INSURANCE The following table summarizes the activity in the Company’s bank-owned life insurance (“BOLI”) as of the dates indicated:
(Dollars in thousands) | BOLI values
Balance as of June 30, 2019 | $ | 6,969 |
Death benefits | (763) |
Change in Contract Value | 174 |
Balance as of June 30, 2020 | 6,380 |
Additions | 50,000 |
Change in Contract Value | 175 |
Balance as of June 30, 2021 | 56,555 |
Additions | 100,000 |
Change in Contract Value | 4,220 |
Balance as of June 30, 2022 | $ | 160,775 |
Bank-owned life insurance is included in the ‘Other assets’ line in the Consolidated Balance Sheets.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsAllOtherInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for corporate (COLI) or bank (BOLI) owned life insurance including the amount of cash surrender value that could be received as of the date of the statement of financial position, any restrictions on the company's ability to obtain the value of the life insurance policy on surrender, or any other additional information desired to be disclosed. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 325 -URI https://asc.fasb.org/topic&trid=2197064 + Details
Name: | us-gaap_LifeInsuranceCorporateOrBankOwnedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration