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AVAILABLE-FOR-SALE SECURITIES (Tables)
 3 Months Ended
Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost, Carrying Amount and Fair Value of Available-for-sale Securities
The amortized cost and fair value of available-for-sale securities were:
September 30, 2024
(Dollars in thousands)Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value
Mortgage-backed securities (MBS):
Agency1
$44,702 $359 $(1,941)$43,120 
Non-agency2
90,258 1,295 (244)91,309 
Total mortgage-backed securities134,960 1,654 (2,185)134,429 
Municipal3,822 — (255)3,567 
Total available-for-sale securities
$138,782 $1,654 $(2,440)$137,996 
June 30, 2024
(Dollars in thousands)Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair
Value
Mortgage-backed securities (MBS):
Agency1
$29,835 $83 $(2,659)$27,259 
Non-agency2
110,658 838 (568)110,928 
Total mortgage-backed securities140,493 921 (3,227)138,187 
Municipal3,788 — (364)3,424 
Total available-for-sale securities
$144,281 $921 $(3,591)$141,611 
1 Includes securities guaranteed by Ginnie Mae, a U.S. government agency, and the government sponsored enterprises Fannie Mae and Freddie Mac.
2 Private sponsors of securities collateralized primarily by first-lien mortgage loans on commercial properties or by pools of 1-4 family residential first mortgages. Primarily super senior securities secured by prime, Alt-A or pay-option ARM mortgages.
The following table sets forth the expected maturity distribution of our mortgage-backed securities, which is based on assumed prepayment rates, and the maturity distribution of our non-MBS, which is based on the contractual maturity:
As of September 30, 2024
(Dollars in thousands)Total AmountDue Within One YearDue after One but within Five YearsDue after Five but within Ten YearsDue After Ten Years
MBS:
Agency$44,702 $10,367 $25,954 $6,323 $2,058 
Non-Agency$90,258 $86,452 $1,817 $1,389 $600 
Total MBS$134,960 $96,819 $27,771 $7,712 $2,658 
Municipal$3,822 $— $— $— $3,822 
Available-for-sale—Amortized cost
$138,782 $96,819 $27,771 $7,712 $6,480 
Available-for-sale—Fair value$137,996 $96,543 $27,421 $7,735 $6,297 
Schedule of Securities in a Continuous Unrealized Loss Position
Securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were:
September 30, 2024
Available-for-sale securities in loss position for
Less Than
12 Months		More Than
12 Months		Total
(Dollars in thousands)Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses
MBS:
Agency
$15,991 $(8)$18,741 $(1,933)$34,732 $(1,941)
Non-agency— — 58,565 (244)58,565 (244)
Total MBS15,991 (8)77,306 (2,177)93,297 (2,185)
Municipal— — 3,567 (255)3,567 (255)
Total available-for-sale securities
$15,991 $(8)$80,873 $(2,432)$96,864 $(2,440)
June 30, 2024
Available-for-sale securities in loss position for
Less Than
12 Months		More Than
12 Months		Total
(Dollars in thousands)Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses		Fair
Value		Gross
Unrealized
Losses
MBS:
Agency
$2,644 $(31)$19,298 $(2,628)$21,942 $(2,659)
Non-agency15 — 78,364 (568)78,379 (568)
Total MBS2,659 (31)97,662 (3,196)100,321 (3,227)
Municipal— — 3,424 (364)3,424 (364)
Total available-for-sale securities
$2,659 $(31)$101,086 $(3,560)$103,745 $(3,591)