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Fair Value Measurements (Tables) | 3 Months Ended
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Sep. 30, 2023
Fair Value Measurements |
Fair Value, Assets Measured on Recurring Basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at September 30, 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)
Obligations of state and political subdivisions | ​ | $ | 41,197 | ​ | $ | — | ​ | $ | 41,197 | ​ | $ | —
Corporate obligations | ​ | ​ | 33,136 | ​ | ​ | — | ​ | ​ | 33,136 | ​ | ​ | —
Asset backed securities | ​ | ​ | 67,642 | ​ | ​ | — | ​ | ​ | 67,642 | ​ | ​ | —
Other securities | ​ |  | 2,642 | ​ |  | — | ​ |  | 2,642 | ​ |  | —
MBS and CMOs | ​ |  | 260,581 | ​ |  | — | ​ |  | 260,581 | ​ |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at June 30, 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)
Obligations of state and political subdivisions | ​ | $ | 42,568 | ​ | $ | — | ​ | $ | 42,568 | ​ | $ | —
Corporate obligations | ​ | ​ | 32,538 | ​ | ​ | — | ​ | ​ | 32,538 | ​ | ​ | —
Asset backed securities | ​ | ​ | 68,626 | ​ | ​ | — | ​ | ​ | 68,626 | ​ | ​ | —
Other securities | ​ |  | 3,570 | ​ |  | — | ​ |  | 3,570 | ​ |  | —
MBS and CMOs | ​ |  | 270,252 | ​ |  | — | ​ |  | 270,252 | ​ |  | —
Fair Value Measurements, Nonrecurring | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at September 30, 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)
Foreclosed and repossessed assets held for sale | ​ | $ | 1,609 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,609
​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurements at June 30, 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)
Foreclosed and repossessed assets held for sale | ​ | $ | 1,472 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,472
Losses Recognized on Assets Measured on a Nonrecurring Basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the three months ended | ​
(dollars in thousands) | ​ | September 30, 2023 | ​ | September 30, 2022 | ​
Foreclosed and repossessed assets held for sale | ​ | $ | — | ​ | $ | 34 | ​
Total gains (losses) on assets measured on a non-recurring basis | ​ | $ | — | ​ | $ | 34 | ​
Fair Value Option, Disclosures | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ |  | ​ |  | Range |  | ​ |
​ | ​ | Fair value at | ​ | Valuation | ​ | Unobservable | ​ | of | ​ | Weighted-average |
(dollars in thousands) | ​ | September 30, 2023 | ​ | technique | ​ | inputs | ​ | inputs applied | ​ | inputs applied |
Nonrecurring Measurements |  | ​ |  |  |  |  |  |  |  |  |  | ​
Foreclosed and repossessed assets | ​ | $ | 1,609 |  | Third party appraisal |  | Marketability discount |  | 0.0 - 5.6 | % | 1.1 | %
​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ |  | ​ |  | Range |  | ​ |
​ | ​ | Fair value at | ​ | Valuation | ​ | Unobservable | ​ | of | ​ | Weighted-average |
(dollars in thousands) | ​ | June 30, 2023 | ​ | technique | ​ | inputs | ​ | inputs applied | ​ | inputs applied |
Nonrecurring Measurements |  | ​ |  |  |  |  |  |  |  |  |  | ​
Foreclosed and repossessed assets | ​ | $ | 1,472 |  | Third party appraisal |  | Marketability discount |  | 14.9 - 14.9 | % | 14.9 | %
Schedule of Financial Instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 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 | ​ | $ | 88,193 | ​ | $ | 88,193 | ​ | $ | — | ​ | $ | —
Interest-bearing time deposits | ​ |  | 987 | ​ |  | — | ​ |  | 987 | ​ |  | —
Stock in FHLB | ​ |  | 10,900 | ​ |  | — | ​ |  | 10,900 | ​ |  | —
Stock in Federal Reserve Bank of St. Louis | ​ |  | 9,060 | ​ |  | — | ​ |  | 9,060 | ​ |  | —
Loans receivable, net | ​ |  | 3,650,557 | ​ |  | — | ​ |  | — | ​ |  | 3,408,166
Accrued interest receivable | ​ |  | 23,642 | ​ |  | — | ​ |  | 23,642 | ​ |  | —
Financial liabilities | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Deposits | ​ |  | 3,841,126 | ​ |  | 2,562,664 | ​ |  | — | ​ |  | 1,263,342
Advances from FHLB | ​ |  | 114,026 | ​ |  | — | ​ |  | 111,439 | ​ |  | —
Accrued interest payable | ​ |  | 7,101 | ​ |  | — | ​ |  | 7,101 | ​ |  | —
Subordinated debt | ​ |  | 23,118 | ​ |  | — | ​ |  | — | ​ |  | 20,845
Unrecognized financial instruments (net of contract amount) | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Commitments to originate loans | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Letters of credit | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Lines of credit | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 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 | ​ | $ | 53,979 | ​ | $ | 53,979 | ​ | $ | — | ​ | $ | —
Interest-bearing time deposits | ​ |  | 1,242 | ​ |  | — | ​ |  | 1,242 | ​ |  | —
Stock in FHLB | ​ |  | 11,540 | ​ |  | — | ​ |  | 11,540 | ​ |  | —
Stock in Federal Reserve Bank of St. Louis | ​ |  | 9,061 | ​ |  | — | ​ |  | 9,061 | ​ |  | —
Loans receivable, net | ​ |  | 3,571,078 | ​ |  | — | ​ |  | — | ​ |  | 3,393,791
Accrued interest receivable | ​ |  | 18,871 | ​ |  | — | ​ |  | 18,871 | ​ |  | —
Financial liabilities | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposits | ​ |  | 3,725,540 | ​ |  | 2,661,479 | ​ |  | — | ​ |  | 1,053,650
Advances from FHLB | ​ |  | 133,514 | ​ |  | — | ​ |  | 131,821 | ​ |  | —
Accrued interest payable | ​ | ​ | 4,723 | ​ |  | — | ​ |  | 4,723 | ​ |  | —
Subordinated debt | ​ | ​ | 23,105 | ​ |  | — | ​ |  | — | ​ |  | 20,318
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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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