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v3.23.1

Available for Sale Securities (Tables) | 9 Months Ended
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Mar. 31, 2023
Available for Sale Securities |
Schedule of Available for Sale Securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2023
​ |  | ​ | ​ |  | Gross |  | Gross |  | Allowance | ​ | Estimated
​ |  | Amortized |  | Unrealized |  | Unrealized |  | for |  | Fair
(dollars in thousands) |  | Cost |  | Gains |  | Losses |  | Credit Losses |  | Value
Debt and equity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. government-sponsored enterprises (GSEs) | ​ | $ | 8,476 | ​ | $ | 265 | ​ | $ | — | ​ | $ | — | ​ | $ | 8,741
Obligations of states and political subdivisions | ​ | ​ | 45,740 | ​ | ​ | 43 | ​ | ​ | (2,377) | ​ | ​ | — | ​ | ​ | 43,406
Corporate obligations | ​ | ​ | 36,644 | ​ | ​ | 68 | ​ | ​ | (2,416) | ​ | ​ | — | ​ | ​ | 34,296
Asset backed securities | ​ | ​ | 59,592 | ​ | ​ | 850 | ​ | ​ | (95) | ​ | ​ | — | ​ | ​ | 60,347
Other securities | ​ |  | 3,600 | ​ |  | 46 | ​ |  | (60) | ​ |  | — | ​ |  | 3,586
Total debt and equity securities | ​ | ​ | 154,052 | ​ | ​ | 1,272 | ​ | ​ | (4,948) | ​ | ​ | — | ​ | ​ | 150,376
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential MBS issued by governmental sponsored enterprises (GSEs) | ​ | ​ | 100,054 | ​ | ​ | 738 | ​ | ​ | (7,440) | ​ | ​ | — | ​ | ​ | 93,352
Commercial MBS issued by GSEs | ​ | ​ | 60,485 | ​ | ​ | 83 | ​ | ​ | (5,747) | ​ | ​ | — | ​ | ​ | 54,821
CMOs issued by GSEs | ​ | ​ | 138,512 | ​ | ​ | 8 | ​ | ​ | (7,271) | ​ | ​ | — | ​ | ​ | 131,249
Total MBS and CMOs | ​ |  | 299,051 | ​ |  | 829 | ​ |  | (20,458) | ​ |  | — | ​ | ​ | 279,422
Total AFS securities | ​ | $ | 453,103 | ​ | $ | 2,101 | ​ | $ | (25,406) | ​ | $ | — | ​ | $ | 429,798
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2022
​ |  | ​ | ​ |  | Gross |  | Gross | ​ | Allowance | ​ | Estimated
​ |  | Amortized |  | Unrealized |  | Unrealized |  | for |  | Fair
(dollars in thousands) |  | Cost |  | Gains |  | Losses |  | Credit Losses |  | Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Debt and equity securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Obligations of states and political subdivisions | ​ | $ | 47,383 | ​ | $ | 77 | ​ | $ | (2,981) | ​ | $ | — | ​ | $ | 44,479
Corporate obligations | ​ | ​ | 20,818 | ​ | ​ | 32 | ​ | ​ | (963) | ​ | ​ | — | ​ | ​ | 19,887
Other securities | ​ | ​ | 486 | ​ |  | — | ​ |  | (43) | ​ |  | — | ​ | ​ | 443
Total debt and equity securities | ​ | ​ | 68,687 | ​ | ​ | 109 | ​ | ​ | (3,987) | ​ | ​ | — | ​ | ​ | 64,809
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential MBS issued by governmental sponsored enterprises (GSEs) | ​ | ​ | 76,345 | ​ | ​ | — | ​ | ​ | (7,177) | ​ | ​ | — | ​ | ​ | 69,168
Commercial MBS issued by GSEs | ​ | ​ | 51,435 | ​ | ​ | — | ​ | ​ | (5,705) | ​ | ​ | — | ​ | ​ | 45,730
CMOs issued by GSEs | ​ | ​ | 61,293 | ​ | ​ | — | ​ | ​ | (5,606) | ​ | ​ | — | ​ | ​ | 55,687
Total MBS and CMOs | ​ |  | 189,073 | ​ |  | — | ​ |  | (18,488) | ​ |  | — | ​ |  | 170,585
Total AFS securities | ​ | $ | 257,760 | ​ | $ | 109 | ​ | $ | (22,475) | ​ | $ | — | ​ | $ | 235,394
​
Schedule of amortized cost and fair value of available-for-sale securities, by contractual maturity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2023
​ |  | Amortized |  | Estimated
(dollars in thousands) |  | Cost |  | Fair Value
Within one year | ​ | $ | 3,227 | ​ | $ | 3,216
After one year but less than five years | ​ |  | 29,339 | ​ |  | 28,156
After five years but less than ten years | ​ |  | 64,436 | ​ |  | 61,923
After ten years | ​ |  | 57,050 | ​ |  | 57,081
Total investment securities | ​ |  | 154,052 | ​ |  | 150,376
MBS and CMOs | ​ |  | 299,051 | ​ |  | 279,422
Total AFS securities | ​ | $ | 453,103 | ​ | $ | 429,798
​
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2023
​ |  | Less than 12 months |  | 12 months or more |  | Total
​ |  | ​ | ​ | ​ | Unrealized |  | ​ | ​ | ​ | Unrealized |  | ​ | ​ | ​ | Unrealized
(dollars in thousands) |  | Fair Value |  | Losses |  | Fair Value |  | Losses |  | Fair Value |  | Losses
Obligations of state and political subdivisions | ​ | $ | 9,413 | ​ | $ | 98 | ​ | $ | 26,218 | ​ | $ | 2,279 | ​ | $ | 35,631 | ​ | $ | 2,377
Corporate obligations | ​ | ​ | 18,451 | ​ | ​ | 750 | ​ | ​ | 13,760 | ​ | ​ | 1,666 | ​ | ​ | 32,211 | ​ | ​ | 2,416
Asset backed securities | ​ | ​ | 7,013 | ​ | ​ | 95 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 7,013 | ​ | ​ | 95
Other securities | ​ | ​ | 1,962 | ​ | ​ | 19 | ​ | ​ | 354 | ​ | ​ | 41 | ​ | ​ | 2,316 | ​ | ​ | 60
MBS and CMOs | ​ |  | 109,361 | ​ |  | 1,528 | ​ |  | 135,113 | ​ |  | 18,930 | ​ |  | 244,474 | ​ |  | 20,458
Total AFS securities | ​ | $ | 146,200 | ​ | $ | 2,490 | ​ | $ | 175,445 | ​ | $ | 22,916 | ​ | $ | 321,645 | ​ | $ | 25,406
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2022
​ |  | Less than 12 months |  | 12 months or more |  | Total
​ |  | ​ | ​ | ​ | Unrealized |  | ​ | ​ | ​ | Unrealized |  | ​ | ​ | ​ | Unrealized
(dollars in thousands) |  | Fair Value |  | Losses |  | Fair Value |  | Losses |  | Fair Value |  | Losses
Obligations of state and political subdivisions | ​ | $ | 31,985 | ​ | $ | 2,639 | ​ | $ | 1,600 | ​ | $ | 342 | ​ | $ | 33,585 | ​ | $ | 2,981
Corporate obligations | ​ | ​ | 10,944 | ​ | ​ | 420 | ​ | ​ | 6,911 | ​ | ​ | 543 | ​ | ​ | 17,855 | ​ | ​ | 963
Other securities | ​ | ​ | 418 | ​ | ​ | 43 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 418 | ​ | ​ | 43
MBS and CMOs | ​ |  | 137,590 | ​ |  | 12,482 | ​ |  | 29,834 | ​ |  | 6,006 | ​ |  | 167,424 | ​ |  | 18,488
Total AFS securities | ​ | $ | 180,937 | ​ | $ | 15,584 | ​ | $ | 38,345 | ​ | $ | 6,891 | ​ | $ | 219,282 | ​ | $ | 22,475
​

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