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Operating leases | 6 Months Ended
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Dec. 31, 2022
Operating leases [Abstract] |
Operating leases | (13) Operating leases The Company leases certain branch properties under long-term, operating lease agreements. The Company’s operating lease agreements contain non-lease components, which are accounted for separately. The Company’s lease agreements do not contain any residual value guarantee. The following includes quantitative data related to the Company’s operating leases as of December 31, 2022 and June 30, 2022, and for the three and six months ended December 31, 2022 and 2021:
(In thousands, except weighted-average information). |  |  |  |  |  |
Operating lease amounts: |  | December 31, 2022 |  |  | June 30, 2022 |
Right-of-use assets |  | $ | 1,817 |  |  | $ | 1,980 |
Lease liabilities |  | $ | 1,881 |  |  | $ | 2,040 |
| For the three months ended December 31, |
| 2022 |  | 2021 |
(In thousands) |  |  |  |
Other information: |  |  |  |
Operating outgoing cash flows from operating leases |  | $ | 90 |  |  | $ | 87 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | - |  |  | $ | 415 |
Lease costs: |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 82 |  |  | $ | 81 |
Variable lease cost |  | $ | 10 |  |  | $ | 10 |
|  | For the six months ended December 31, |
|  | 2022 |  |  | 2021 |
(In thousands) |  |  |  |  |  |
Other information: |  |  |  |  |  |
Operating outgoing cash flows from operating leases |  | $ | 179 |  |  | $ | 174 |
Right-of-use assets obtained in exchange for new operating lease liabilities |  | $ | - |  |  | $ | 415 |
Lease costs: |  |  |  |  |  |  |  |
Operating lease cost |  | $ | 163 |  |  | $ | 161 |
Variable lease cost |  | $ | 20 |  |  | $ | 20 |
The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, as of December 31, 2022:
(in thousands) |  |  |
Within the twelve months ended December 31, |  |  |
2023 |  | $ | 366 |
2024 |  |  | 377 |
2025 |  |  | 369 |
2026 |  |  | 340 |
2027 |  |  | 258 |
Thereafter |  |  | 285 |
Total undiscounted cash flow |  |  | 1,995 |
Less net present value adjustment |  |  | (114 | )
Lease Liability |  | $ | 1,881 |
Weighted-average remaining lease term (Years) |  |  | 4.39 |
Weighted-average discount rate |  |  | 2.15 | %
Right-of-use assets are included in prepaid expenses and other assets, and lease liabilities are included in accrued expenses and other liabilities within the Company’s consolidated statements of financial condition.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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