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Debt Securities (Tables)

3 Months Ended

Sep. 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:

			September 30, 2022
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
U.S. government agencies			$	17,997					$	—					$	(681)					$	17,316
MBS, residential			94,178						—						(2,671)						91,507
Municipal bonds			5,533						1						(114)						5,420
Corporate bonds			49,292						—						(1,794)						47,498
Total			$	167,000					$	1					$	(5,260)					$	161,741

			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

Investments Classified by Contractual Maturity Date

Debt securities available for sale by contractual maturity at September 30, 2022 and June 30, 2022 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.

			September 30, 2022
			Amortized Cost						Estimated Fair Value
Due within one year			$	34,292					$	33,933
Due after one year through five years			33,012						31,271
Due after five years through ten years			5,518						5,030
Due after ten years			—						—
MBS, residential			94,178						91,507
Total			$	167,000					$	161,741

			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

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 September 30, 2022 and June 30, 2022 were as follows:

			September 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			$	12,544					$	(446)					$	4,765					$	(235)					$	17,309					$	(681)
MBS, residential			84,197						(2,015)						7,281						(656)						91,478						(2,671)
Municipal bonds			4,419						(114)						—						—						4,419						(114)
Corporate bonds			31,983						(809)						14,015						(985)						45,998						(1,794)
Total			$	133,143					$	(3,384)					$	26,061					$	(1,876)					$	159,204					$	(5,260)

			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)

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.

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No definition available.

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