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v3.23.1

Fair Value Measurements (Tables) | 9 Months Ended
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Mar. 31, 2023
Fair Value Measurements |
Fair Value, Assets Measured on Recurring Basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at March 31, 2023, 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)
U.S. government sponsored enterprises (GSEs) | ​ | $ | 8,741 | ​ | $ | — | ​ | $ | 8,741 | ​ | $ | —
Obligations of state and political subdivisions | ​ | ​ | 43,406 | ​ | ​ | ​ | ​ | ​ | 43,406 | ​ | ​ | ​
Corporate obligations | ​ | ​ | 34,296 | ​ | ​ | — | ​ | ​ | 34,296 | ​ | ​ | —
Asset backed securities | ​ | ​ | 60,347 | ​ | ​ | ​ | ​ | ​ | 60,347 | ​ | ​ | ​
Other securities | ​ |  | 3,586 | ​ |  | — | ​ |  | 3,586 | ​ |  | —
MBS and CMOs | ​ |  | 279,422 | ​ |  | — | ​ |  | 279,422 | ​ |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at June 30, 2022, 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 | ​ | $ | 44,479 | ​ | $ | — | ​ | $ | 44,479 | ​ | $ | —
Corporate obligations | ​ | ​ | 19,887 | ​ | ​ | — | ​ | ​ | 19,887 | ​ | ​ | —
Other securities | ​ |  | 443 | ​ |  | — | ​ |  | 443 | ​ |  | —
MBS and CMOs | ​ |  | 170,585 | ​ |  | — | ​ |  | 170,585 | ​ |  | —
​
Losses Recognized on Assets Measured on a Nonrecurring Basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the nine months ended | ​
(dollars in thousands) | ​ | March 31, 2023 | ​ | March 31, 2022 | ​
Foreclosed and repossessed assets held for sale | ​ | $ | (123) | ​ | $ | (435) | ​
Total losses on assets measured on a non-recurring basis | ​ | $ | (123) | ​ | $ | (435) | ​
​
Schedule of Financial Instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2023
​ | ​ | ​ | ​ | ​ | 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 | ​ | $ | 114,540 | ​ | $ | 114,540 | ​ | $ | — | ​ | $ | —
Interest-bearing time deposits | ​ |  | 1,251 | ​ |  | — | ​ |  | 1,251 | ​ |  | —
Stock in FHLB | ​ |  | 7,855 | ​ |  | — | ​ |  | 7,855 | ​ |  | —
Stock in Federal Reserve Bank of St. Louis | ​ |  | 8,491 | ​ |  | — | ​ |  | 8,491 | ​ |  | —
Loans receivable, net | ​ |  | 3,434,519 | ​ |  | — | ​ |  | — | ​ |  | 3,272,957
Accrued interest receivable | ​ |  | 16,372 | ​ |  | — | ​ |  | 16,372 | ​ |  | —
Financial liabilities | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Deposits | ​ |  | 3,755,193 | ​ |  | 2,801,811 | ​ |  | — | ​ |  | 941,690
Advances from FHLB | ​ |  | 45,002 | ​ |  | — | ​ |  | 44,088 | ​ |  | —
Accrued interest payable | ​ |  | 3,721 | ​ |  | — | ​ |  | 3,721 | ​ |  | —
Subordinated debt | ​ |  | 23,092 | ​ |  | — | ​ |  | — | ​ |  | 20,345
Unrecognized financial instruments (net of contract amount) | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Commitments to originate loans | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Letters of credit | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Lines of credit | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2022
​ | ​ | ​ | ​ | ​ | 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 | ​ | $ | 86,792 | ​ | $ | 86,792 | ​ | $ | — | ​ | $ | —
Interest-bearing time deposits | ​ |  | 4,768 | ​ |  | — | ​ |  | 4,768 | ​ |  | —
Stock in FHLB | ​ |  | 5,893 | ​ |  | — | ​ |  | 5,893 | ​ |  | —
Stock in Federal Reserve Bank of St. Louis | ​ |  | 5,790 | ​ |  | — | ​ |  | 5,790 | ​ |  | —
Loans receivable, net | ​ |  | 2,686,198 | ​ |  | — | ​ |  | — | ​ |  | 2,655,882
Accrued interest receivable | ​ |  | 11,052 | ​ |  | — | ​ |  | 11,052 | ​ |  | —
Financial liabilities | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ |  | 2,815,075 | ​ |  | 2,176,444 | ​ |  | — | ​ |  | 637,163
Advances from FHLB | ​ |  | 37,957 | ​ |  | — | ​ |  | 35,916 | ​ |  | —
Accrued interest payable | ​ | ​ | 801 | ​ |  | — | ​ |  | 801 | ​ |  | —
Subordinated debt | ​ | ​ | 23,055 | ​ |  | — | ​ |  | — | ​ |  | 22,070
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, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 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 https://asc.fasb.org/extlink&oid=126976982&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 (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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