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Leases | 12 Months Ended
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Jun. 30, 2024
Leases [Abstract] |
Leases | Leases The Company leases certain premises and equipment under operating leases. As of June 30, 2024, the Company had right-of-use assets totaling $14.5 million and lease liabilities totaling $15.3 million, which were recorded in other assets and other liabilities, respectively, on the Statement of Financial Condition. By comparison at June 30, 2023, the Company had right-of-use assets of totaling $16.1 million and lease liabilities of totaling $17.2 million. As of June 30, 2024, the weighted average remaining lease term for operating leases was 5.85 years and the weighted average discount rate used in the measurement of operating lease liabilities was 3.16%. Total operating lease costs for the years ended June 30, 2024, 2023 and 2022 was $3.5 million, $3.7 million and $3.7 million, respectively. There were no sale and leaseback transactions, leveraged leases or lease transactions with related parties during the year ended June 30, 2024. At June 30, 2024, the Company had no leases that had not yet commenced. A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability at June 30, 2024 and 2023 is as follows:
| June 30,
| 2024 |  | 2023
| (In Thousands)
Less than one year | $ | 3,390 |  |  | $ | 3,445 |
After one year but within two years | 3,360 |  |  | 3,183 |
After two years but within three years | 3,262 |  |  | 3,071 |
After three years but within four years | 2,254 |  |  | 2,963 |
After four years but within five years | 1,740 |  |  | 1,941 |
Greater than five years | 2,847 |  |  | 4,305 |
Total undiscounted cash flows | 16,853 |  |  | 18,908 |
Less: discount on cash flows | (1,531) |  |  | (1,687) |
Total lease liability | $ | 15,322 |  |  | $ | 17,221 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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