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Fair Value Measurements (Tables) | 3 Months Ended
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Sep. 30, 2021
Fair Value Measurements |
Fair Value, Assets Measured on Recurring Basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at September 30, 2021, Using:
​ | ​ | ​ | ​ | ​ | Quoted Prices in | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Active Markets for | ​ | Significant Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Identical Assets | ​ | Observable Inputs | ​ | Unobservable Inputs
(dollars in thousands) |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Obligations of state and political subdivisions | ​ | $ | 46,869 | ​ | $ | — | ​ | $ | 46,869 | ​ | $ | —
Corporate obligations | ​ | ​ | 18,832 | ​ | ​ | — | ​ | ​ | 18,832 | ​ | ​ | —
Other securities | ​ |  | 608 | ​ |  | — | ​ |  | 608 | ​ |  | —
MBS and CMOs | ​ |  | 143,100 | ​ |  | — | ​ |  | 143,100 | ​ |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at June 30, 2021, Using:
​ | ​ | ​ | ​ | ​ | Quoted Prices in | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Active Markets for | ​ | Significant Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Identical Assets | ​ | Observable Inputs | ​ | Unobservable Inputs
(dollars in thousands) |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Obligations of state and political subdivisions | ​ | $ | 47,696 | ​ | $ | — | ​ | $ | 47,696 | ​ | $ | —
Corporate obligations | ​ | ​ | 20,311 | ​ | ​ | — | ​ | ​ | 20,311 | ​ | ​ | —
Other securities | ​ |  | 672 | ​ |  | — | ​ |  | 672 | ​ |  | —
MBS and CMOs | ​ |  | 138,341 | ​ |  | — | ​ |  | 138,341 | ​ |  | —
​
Fair Value Measurements, Nonrecurring | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at September 30, 2021, Using:
​ | ​ | ​ | ​ | ​ | Quoted Prices in | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Active Markets for | ​ | Significant Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Identical Assets | ​ | Observable Inputs | ​ | Unobservable Inputs
(dollars in thousands) |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Foreclosed and repossessed assets held for sale | ​ | $ | 144 | ​ | $ | — | ​ | $ | — | ​ | $ | 144
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at June 30, 2021, Using:
​ | ​ | ​ | ​ | ​ | Quoted Prices in | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Active Markets for | ​ | Significant Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | Identical Assets | ​ | Observable Inputs | ​ | Unobservable Inputs
(dollars in thousands) |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Foreclosed and repossessed assets held for sale | ​ | $ | 280 | ​ | $ | — | ​ | $ | — | ​ | $ | 280
​
Losses Recognized on Assets Measured on a Nonrecurring Basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the three months ended | ​
(dollars in thousands) | ​ | September 30, 2021 | ​ | September 30, 2020 | ​
Foreclosed and repossessed assets held for sale | ​ | $ | (28) | ​ | $ | (36) | ​
Total losses on assets measured on a non-recurring basis | ​ | $ | (28) | ​ | $ | (36) | ​
Fair Value Option, Disclosures | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ |  | ​ |  | Range |  | ​ |
​ | ​ | Fair value at | ​ | Valuation | ​ | Unobservable | ​ | of | ​ | Weighted-average |
(dollars in thousands) | ​ | September 30, 2021 | ​ | technique | ​ | inputs | ​ | inputs applied | ​ | inputs applied |
Nonrecurring Measurements |  | ​ |  |  |  |  |  |  |  |  |  | ​
Foreclosed and repossessed assets | ​ | $ | 144 |  | Third party appraisal |  | Marketability discount |  | 8.0% - 51.0 | % | 24.4 | %
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ |  | ​ |  | Range |  | ​ |
​ | ​ | Fair value at | ​ | Valuation | ​ | Unobservable | ​ | of | ​ | Weighted-average |
(dollars in thousands) | ​ | June 30, 2021 | ​ | technique | ​ | inputs | ​ | inputs applied | ​ | inputs applied |
Nonrecurring Measurements |  | ​ |  |  |  |  |  |  |  |  |  | ​
Foreclosed and repossessed assets | ​ | $ | 280 |  | Third party appraisal |  | Marketability discount |  | 7.2% - 80.6 | % | 37.1 | %
​
Schedule of Financial Instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021
​ | ​ | ​ | ​ | ​ | Quoted Prices | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | in Active | ​ | ​ | ​ | ​ | Significant
​ | ​ | ​ | ​ | ​ | Markets for | ​ | Significant Other | ​ | Unobservable
​ | ​ | Carrying | ​ | Identical Assets | ​ | Observable Inputs | ​ | Inputs
(dollars in thousands) |  | Amount |  | (Level 1) |  | (Level 2) |  | (Level 3)
Financial assets |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Cash and cash equivalents | ​ | $ | 111,402 | ​ | $ | 111,402 | ​ | $ | — | ​ | $ | —
Interest-bearing time deposits | ​ |  | 980 | ​ |  | — | ​ |  | 980 | ​ |  | —
Stock in FHLB | ​ |  | 5,425 | ​ |  | — | ​ |  | 5,425 | ​ |  | —
Stock in Federal Reserve Bank of St. Louis | ​ |  | 5,031 | ​ |  | — | ​ |  | 5,031 | ​ |  | —
Loans receivable, net | ​ |  | 2,249,478 | ​ |  | — | ​ |  | — | ​ |  | 2,265,086
Accrued interest receivable | ​ |  | 11,203 | ​ |  | — | ​ |  | 11,203 | ​ |  | —
Financial liabilities | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Deposits | ​ |  | 2,371,695 | ​ |  | 1,817,346 | ​ |  | — | ​ |  | 556,397
Advances from FHLB | ​ |  | 46,522 | ​ |  | — | ​ |  | 47,419 | ​ |  | —
Accrued interest payable | ​ |  | 731 | ​ |  | — | ​ |  | 731 | ​ |  | —
Subordinated debt | ​ |  | 15,268 | ​ |  | — | ​ |  | — | ​ |  | 16,045
Unrecognized financial instruments (net of contract amount) | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Commitments to originate loans | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Letters of credit | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Lines of credit | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2021
​ | ​ | ​ | ​ | ​ | Quoted Prices | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | in Active | ​ | ​ | ​ | ​ | Significant
​ | ​ | ​ | ​ | ​ | Markets for | ​ | Significant Other | ​ | Unobservable
​ | ​ | Carrying | ​ | Identical Assets | ​ | Observable Inputs | ​ | Inputs
(dollars in thousands) |  | Amount |  | (Level 1) |  | (Level 2) |  | (Level 3)
Financial assets |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Cash and cash equivalents | ​ | $ | 123,592 | ​ | $ | 123,592 | ​ | $ | — | ​ | $ | —
Interest-bearing time deposits | ​ |  | 979 | ​ |  | — | ​ |  | 979 | ​ |  | —
Stock in FHLB | ​ |  | 5,873 | ​ |  | — | ​ |  | 5,873 | ​ |  | —
Stock in Federal Reserve Bank of St. Louis | ​ |  | 5,031 | ​ |  | — | ​ |  | 5,031 | ​ |  | —
Loans receivable, net | ​ |  | 2,200,244 | ​ |  | — | ​ |  | — | ​ |  | 2,218,762
Accrued interest receivable | ​ |  | 10,079 | ​ |  | — | ​ |  | 10,079 | ​ |  | —
Financial liabilities | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ |  | 2,330,803 | ​ |  | 1,768,217 | ​ |  | — | ​ |  | 565,123
Advances from FHLB | ​ |  | 57,529 | ​ |  | — | ​ |  | 58,587 | ​ |  | —
Accrued interest payable | ​ | ​ | 779 | ​ |  | — | ​ |  | 779 | ​ |  | —
Subordinated debt | ​ | ​ | 15,243 | ​ |  | — | ​ |  | — | ​ |  | 15,468
Unrecognized financial instruments (net of contract amount) | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commitments to originate loans | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Letters of credit | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Lines of credit | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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