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Debt Securities (Tables)

12 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-sale Securities Reconciliation

Debt securities available for sale consist of the following at the dates indicated:

			June 30, 2022
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
U.S. government agencies			$	18,993					$	5					$	(539)					$	18,459
MBS, residential			48,377						3						(1,147)						47,233
Municipal bonds			5,545						31						(18)						5,558
Corporate bonds			57,184						1						(1,457)						55,728
Total			$	130,099					$	40					$	(3,161)					$	126,978

			June 30, 2021
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
U.S. government agencies			$	18,975					$	135					$	(37)					$	19,073
MBS, residential			42,119						1,339						(54)						43,404
Municipal bonds			9,098						453						—						9,551
Corporate bonds			84,301						257						(127)						84,431
Total			$	154,493					$	2,184					$	(218)					$	156,459

Investments Classified by Contractual Maturity Date

Debt securities available for sale by contractual maturity at June 30, 2022 and 2021 are shown below. MBS are not included in the maturity categories because the borrowers in the underlying pools may prepay without penalty; therefore, it is unlikely that the securities will pay at their stated maturity schedule.

			June 30, 2022
			Amortized Cost						Estimated Fair Value
Due within one year			$	35,350					$	34,956
Due after one year through five years			40,325						39,018
Due after five years through ten years			6,047						5,771
Due after ten years			—						—
MBS, residential			48,377						47,233
Total			$	130,099					$	126,978

			June 30, 2021
			Amortized Cost						Estimated Fair Value
Due within one year			$	34,615					$	34,684
Due after one year through five years			73,249						73,633
Due after five years through ten years			4,510						4,738
Due after ten years			—						—
MBS, residential			42,119						43,404
Total			$	154,493					$	156,459

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value

The gross unrealized losses and the fair value for debt securities available for sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2022 and June 30, 2021 were as follows:

			June 30, 2022
			Less than 12 Months												12 Months or More												Total
			Fair Value						Unrealized Losses						Fair Value						Unrealized Losses						Fair Value						Unrealized Losses
U.S. government agencies			$	14,461					$	(539)					$	—					$	—					$	14,461					$	(539)
MBS, residential			41,658						(994)						5,269						(153)						46,927						(1,147)
Municipal Bonds			1,970						(18)						—						—						1,970						(18)
Corporate bonds			39,454						(730)						14,273						(727)						53,727						(1,457)
Total			$	97,543					$	(2,281)					$	19,542					$	(880)					$	117,085					$	(3,161)

			June 30, 2021
			Less than 12 Months												12 Months or More												Total
			Fair Value						Unrealized Losses						Fair Value						Unrealized Losses						Fair Value						Unrealized Losses
U.S. government agencies			$	14,963					$	(37)					$	—					$	—					$	14,963					$	(37)
MBS, residential			5,212						(28)						1,205						(26)						6,417						(54)
Corporate bonds			19,873						(127)						—						—						19,873						(127)
Total			$	40,048					$	(192)					$	1,205					$	(26)					$	41,253					$	(218)

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 55
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27290-111563

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124269663&loc=SL82922888-210455

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Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

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