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Debt Securities (Tables)

9 Months Ended

Mar. 31, 2023

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:

			March 31, 2023
			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
U.S. government agencies			$	15,999					$	—					$	(434)					$	15,565
MBS, residential			103,078						135						(2,082)						101,131
Municipal bonds			3,513						—						(81)						3,432
Corporate bonds			36,068						—						(1,478)						34,590
Total			$	158,658					$	135					$	(4,075)					$	154,718

			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 March 31, 2023 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.

			March 31, 2023
			Amortized Cost						Estimated Fair Value
Due within one year			$	47,067					$	45,656
Due after one year through five years			3,000						2,940
Due after five years through ten years			5,513						4,991
Due after ten years			—						—
MBS, residential			103,078						101,131
Total			$	158,658					$	154,718

			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 March 31, 2023 and June 30, 2022 were as follows:

			March 31, 2023
			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			$	996					$	(4)					$	14,569					$	(430)					$	15,565					$	(434)
MBS, residential			59,175						(826)						18,034						(1,256)						77,209						(2,082)
Municipal bonds			3,432						(81)						—						—						3,432						(81)
Corporate bonds			15,462						(205)						17,227						(1,273)						32,689						(1,478)
Total			$	79,065					$	(1,116)					$	49,830					$	(2,959)					$	128,895					$	(4,075)

			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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