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v3.25.1

AVAILABLE-FOR-SALE SECURITIES (Tables) | 9 Months Ended
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Mar. 31, 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:
| March 31, 2025
(Dollars in thousands) | Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Mortgage-backed securities (MBS): |  |  |  |  |  |  |
Agency 1 | $ | 48,725 |  |  | $ | 260 |  |  | $ | (1,986) |  |  | $ | 46,999 |
Non-agency 2 | 28,432 |  |  | 959 |  |  | (90) |  |  | 29,301 |
Total mortgage-backed securities | 77,157 |  |  | 1,219 |  |  | (2,076) |  |  | 76,300 |
Municipal | 3,890 |  |  | — |  |  | (232) |  |  | 3,658 |
Total available-for-sale securities | $ | 81,047 |  |  | $ | 1,219 |  |  | $ | (2,308) |  |  | $ | 79,958 |
| 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 adjustable rate 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 March 31, 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 | $ | 48,725 |  |  | $ | 11,128 |  |  | $ | 30,206 |  |  | $ | 5,555 |  |  | $ | 1,836 |
Non-Agency | $ | 28,432 |  |  | $ | 24,842 |  |  | $ | 1,403 |  |  | $ | 1,271 |  |  | $ | 916 |
Total MBS | $ | 77,157 |  |  | $ | 35,970 |  |  | $ | 31,609 |  |  | $ | 6,826 |  |  | $ | 2,752 |
Municipal | $ | 3,890 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 3,890 |
Available-for-sale—Amortized cost | $ | 81,047 |  |  | $ | 35,970 |  |  | $ | 31,609 |  |  | $ | 6,826 |  |  | $ | 6,642 |
Available-for-sale—Fair value | $ | 79,958 |  |  | $ | 35,684 |  |  | $ | 30,937 |  |  | $ | 6,713 |  |  | $ | 6,624 |
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:
| March 31, 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 | $ | — |  |  | $ | — |  |  | $ | 16,382 |  |  | $ | (1,986) |  |  | $ | 16,382 |  |  | $ | (1,986) |  |  |  |  |  |  |  |  |  |  |  |  |
Non-agency | — |  |  | — |  |  | 24,539 |  |  | (90) |  |  | 24,539 |  |  | (90) |  |  |  |  |  |  |  |  |  |  |  |  |
Total MBS | — |  |  | — |  |  | 40,921 |  |  | (2,076) |  |  | 40,921 |  |  | (2,076) |  |  |  |  |  |  |  |  |  |  |  |  |
Municipal | — |  |  | — |  |  | 3,658 |  |  | (232) |  |  | 3,658 |  |  | (232) |  |  |  |  |  |  |  |  |  |  |  |  |
Total available-for-sale securities | $ | — |  |  | $ | — |  |  | $ | 44,579 |  |  | $ | (2,308) |  |  | $ | 44,579 |  |  | $ | (2,308) |  |  |  |  |  |  |  |  |  |  |  |  |
| 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) |  |  |  |  |  |  |  |  |  |  |  |  |

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