XML 52 R38.htm IDEA: XBRL DOCUMENT
v3.25.2

AVAILABLE-FOR-SALE SECURITIES (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2025
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:
| June 30, 2025
(Dollars in thousands) | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Mortgage-backed securities (MBS): |  |  |  |  |  |  |
Agency 1 | $ | 48,229 |  |  | $ | 327 |  |  | $ | (1,799) |  |  | $ | 46,757 |
Non-agency 2 | 14,395 |  |  | 1,232 |  |  | (58) |  |  | 15,569 |
Total mortgage-backed securities | 62,624 |  |  | 1,559 |  |  | (1,857) |  |  | 62,326 |
Municipal | 3,682 |  |  | — |  |  | — |  |  | 3,682 |
Total available-for-sale securities | $ | 66,306 |  |  | $ | 1,559 |  |  | $ | (1,857) |  |  | $ | 66,008 |
| June 30, 2024
(Dollars in thousands) | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Mortgage-backed securities (MBS): |  |  |  |  |  |  |
Agency 1 | $ | 29,835 |  |  | $ | 83 |  |  | $ | (2,659) |  |  | $ | 27,259 |
Non-agency 2 | 110,658 |  |  | 838 |  |  | (568) |  |  | 110,928 |
Total mortgage-backed securities | 140,493 |  |  | 921 |  |  | (3,227) |  |  | 138,187 |
Municipal | 3,788 |  |  | — |  |  | (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 June 30, 2025
(Dollars in thousands) | Total Amount |  | Due Within One Year |  | Due after One but within Five Years |  | Due after Five but within Ten Years |  | Due After Ten Years
MBS: |  |  |  |  |  |  |  |  |
Agency | $ | 48,229 |  |  | $ | 11,537 |  |  | $ | 29,753 |  |  | $ | 5,158 |  |  | $ | 1,781 |
Non-Agency | 14,395 |  |  | 10,975 |  |  | 1,442 |  |  | 1,203 |  |  | 775 |
Total MBS | $ | 62,624 |  |  | $ | 22,512 |  |  | $ | 31,195 |  |  | $ | 6,361 |  |  | $ | 2,556 |
Municipal | 3,682 |  |  | — |  |  | — |  |  | — |  |  | 3,682 |
Available-for-sale—Amortized cost | $ | 66,306 |  |  | $ | 22,512 |  |  | $ | 31,195 |  |  | $ | 6,361 |  |  | $ | 6,238 |
Available-for-sale—Fair value | $ | 66,008 |  |  | $ | 22,375 |  |  | $ | 30,806 |  |  | $ | 6,416 |  |  | $ | 6,411 |
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:
| June 30, 2025
| 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 | $ | 108 |  |  | $ | — |  |  | $ | 16,212 |  |  | $ | (1,799) |  |  | $ | 16,320 |  |  | $ | (1,799) |  |  |  |  |  |  |  |  |  |  |  |  |
Non-agency | 2,138 |  |  | (43) |  |  | 10,695 |  |  | (15) |  |  | 12,833 |  |  | (58) |  |  |  |  |  |  |  |  |  |  |  |  |
Total MBS | 2,246 |  |  | (43) |  |  | 26,907 |  |  | (1,814) |  |  | 29,153 |  |  | (1,857) |  |  |  |  |  |  |  |  |  |  |  |  |
Municipal | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Total available-for-sale securities | $ | 2,246 |  |  | $ | (43) |  |  | $ | 26,907 |  |  | $ | (1,814) |  |  | $ | 29,153 |  |  | $ | (1,857) |  |  |  |  |  |  |  |  |  |  |  |  |
| 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-agency | 15 |  |  | — |  |  | 78,364 |  |  | (568) |  |  | 78,379 |  |  | (568) |  |  |  |  |  |  |  |  |  |  |  |  |
Total MBS | 2,659 |  |  | (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) |  |  |  |  |  |  |  |  |  |  |  |  |

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (aaa) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-2 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-3 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479081/326-30-55-8 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-6 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479106/326-30-50-4 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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