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v3.23.3

Available for Sale Securities (Tables) | 3 Months Ended
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Sep. 30, 2023
Available for Sale Securities |
Schedule of Available for Sale Securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2023
​ |  | ​ | ​ |  | 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 | ​ | $ | 44,905 | ​ | $ | 2 | ​ | $ | (3,710) | ​ | $ | — | ​ | $ | 41,197
Corporate obligations | ​ | ​ | 35,740 | ​ | ​ | 36 | ​ | ​ | (2,640) | ​ | ​ | — | ​ | ​ | 33,136
Asset backed securities | ​ | ​ | 66,764 | ​ | ​ | 1,332 | ​ | ​ | (454) | ​ | ​ | — | ​ | ​ | 67,642
Other securities | ​ |  | 2,662 | ​ |  | 28 | ​ |  | (48) | ​ |  | — | ​ |  | 2,642
Total debt and equity securities | ​ | ​ | 150,071 | ​ | ​ | 1,398 | ​ | ​ | (6,852) | ​ | ​ | — | ​ | ​ | 144,617
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential MBS issued by governmental sponsored enterprises (GSEs) | ​ | ​ | 95,058 | ​ | ​ | 240 | ​ | ​ | (8,905) | ​ | ​ | — | ​ | ​ | 86,393
Commercial MBS issued by GSEs | ​ | ​ | 61,188 | ​ | ​ | — | ​ | ​ | (8,123) | ​ | ​ | — | ​ | ​ | 53,065
CMOs issued by GSEs | ​ | ​ | 131,090 | ​ | ​ | — | ​ | ​ | (9,967) | ​ | ​ | — | ​ | ​ | 121,123
Total MBS and CMOs | ​ |  | 287,336 | ​ |  | 240 | ​ |  | (26,995) | ​ |  | — | ​ | ​ | 260,581
Total AFS securities | ​ | $ | 437,407 | ​ | $ | 1,638 | ​ | $ | (33,847) | ​ | $ | — | ​ | $ | 405,198
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2023
​ |  | ​ | ​ |  | 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 | ​ | $ | 45,285 | ​ | $ | 20 | ​ | $ | (2,737) | ​ | $ | — | ​ | $ | 42,568
Corporate obligations | ​ | ​ | 35,700 | ​ | ​ | 19 | ​ | ​ | (3,181) | ​ | ​ | — | ​ | ​ | 32,538
Asset backed securities | ​ | ​ | 67,897 | ​ | ​ | 1,274 | ​ | ​ | (545) | ​ | ​ | ​ | ​ | ​ | 68,626
Other securities | ​ | ​ | 3,587 | ​ |  | 39 | ​ |  | (56) | ​ |  | — | ​ | ​ | 3,570
Total debt and equity securities | ​ | ​ | 152,469 | ​ | ​ | 1,352 | ​ | ​ | (6,519) | ​ | ​ | — | ​ | ​ | 147,302
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential MBS issued by governmental sponsored enterprises (GSEs) | ​ | ​ | 97,612 | ​ | ​ | 122 | ​ | ​ | (7,610) | ​ | ​ | — | ​ | ​ | 90,124
Commercial MBS issued by GSEs | ​ | ​ | 60,333 | ​ | ​ | 11 | ​ | ​ | (6,959) | ​ | ​ | — | ​ | ​ | 53,385
CMOs issued by GSEs | ​ | ​ | 135,202 | ​ | ​ | 9 | ​ | ​ | (8,468) | ​ | ​ | — | ​ | ​ | 126,743
Total MBS and CMOs | ​ |  | 293,147 | ​ |  | 142 | ​ |  | (23,037) | ​ |  | — | ​ |  | 270,252
Total AFS securities | ​ | $ | 445,616 | ​ | $ | 1,494 | ​ | $ | (29,556) | ​ | $ | — | ​ | $ | 417,554
Schedule of amortized cost and fair value of available-for-sale securities, by contractual maturity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2023
​ |  | Amortized |  | Estimated
(dollars in thousands) |  | Cost |  | Fair Value
Within one year | ​ | $ | 2,465 | ​ | $ | 2,459
After one year but less than five years | ​ |  | 27,412 | ​ |  | 26,235
After five years but less than ten years | ​ |  | 56,993 | ​ |  | 53,581
After ten years | ​ |  | 63,201 | ​ |  | 62,342
Total investment securities | ​ |  | 150,071 | ​ |  | 144,617
MBS and CMOs | ​ |  | 287,336 | ​ |  | 260,581
Total AFS securities | ​ | $ | 437,407 | ​ | $ | 405,198
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 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 | ​ | $ | 9,443 | ​ | $ | 236 | ​ | $ | 30,959 | ​ | $ | 3,474 | ​ | $ | 40,402 | ​ | $ | 3,710
Corporate obligations | ​ | ​ | 14,235 | ​ | ​ | 724 | ​ | ​ | 16,015 | ​ | ​ | 1,916 | ​ | ​ | 30,250 | ​ | ​ | 2,640
Asset backed securities | ​ | ​ | 18,683 | ​ | ​ | 180 | ​ | ​ | 705 | ​ | ​ | 274 | ​ | ​ | 19,388 | ​ | ​ | 454
Other securities | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,546 | ​ | ​ | 48 | ​ | ​ | 1,546 | ​ | ​ | 48
MBS and CMOs | ​ |  | 85,241 | ​ |  | 2,146 | ​ |  | 146,151 | ​ |  | 24,849 | ​ |  | 231,392 | ​ |  | 26,995
Total AFS securities | ​ | $ | 127,602 | ​ | $ | 3,286 | ​ | $ | 195,376 | ​ | $ | 30,561 | ​ | $ | 322,978 | ​ | $ | 33,847
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 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 | ​ | $ | 11,574 | ​ | $ | 184 | ​ | $ | 26,763 | ​ | $ | 2,553 | ​ | $ | 38,337 | ​ | $ | 2,737
Corporate obligations | ​ | ​ | 14,709 | ​ | ​ | 1,074 | ​ | ​ | 13,821 | ​ | ​ | 2,107 | ​ | ​ | 28,530 | ​ | ​ | 3,181
Asset backed securities | ​ | ​ | 22,628 | ​ | ​ | 263 | ​ | ​ | 698 | ​ | ​ | 282 | ​ | ​ | 23,326 | ​ | ​ | 545
Other securities | ​ | ​ | 1,970 | ​ | ​ | 11 | ​ | ​ | 350 | ​ | ​ | 45 | ​ | ​ | 2,320 | ​ | ​ | 56
MBS and CMOs | ​ |  | 87,354 | ​ |  | 1,525 | ​ |  | 145,673 | ​ |  | 21,512 | ​ |  | 233,027 | ​ |  | 23,037
Total AFS securities | ​ | $ | 138,235 | ​ | $ | 3,057 | ​ | $ | 187,305 | ​ | $ | 26,499 | ​ | $ | 325,540 | ​ | $ | 29,556

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