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Deposits | 12 Months Ended
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Jun. 30, 2025
Deposits [Abstract] |
Deposits | Note 6. Deposits Major classifications of deposits at June 30, 2025 and 2024 are summarized as follows:
(In thousands) |  | 2025 |  |  |  | 2024 |
Noninterest-bearing deposits | $ | 110,163 |  |  | $ | 125,442 |
Certificates of deposit |  | 228,174 |  |  |  | 138,493 |
Savings deposits |  | 246,488 |  |  |  | 252,362 |
Money market deposits |  | 102,787 |  |  |  | 113,266 |
NOW deposits |  | 1,952,223 |  |  |  | 1,759,659 |
Total deposits | $ | 2,639,835 |  |  | $ | 2,389,222 |
Advance payments by borrowers for taxes and insurance totaled $10.1 million and $10.0 million at June 30, 2025 and 2024, respectively, which are included in savings deposits. The Bank and Commercial Bank (the “Banks”) may accept brokered deposits, generally in denominations of less than $250,000, from national brokerage networks, custodial deposit networks or through IntraFi’s one-way CDARS and ICS products, including IntraFi’s Insured Network Deposits (“IND”). The Banks combined can place and obtain brokered deposits up to 30.0% of total deposits, in the amount of $740.4 million based on policy. Additionally, both Banks participate in the IntraFi reciprocal (“two-way”) CDARS and the ICS products, which provides for reciprocal two-way transactions among other institutions, facilitated by IntraFi, for the purpose of maximizing FDIC insurance for depositors. The Company had $51.6 million and zero brokered deposits as of June 30, 2025 and 2024, respectively which was included in NOW accounts and certificates of deposits. The Company maintains and utilizes brokered deposits from several available sources as an alternative to borrowed funds, and uses the funds to support loan growth, overall liquidity and a higher cash position. Related-party deposits were not material at June 30, 2025 and 2024. The following indicates the amount of certificates of deposit by time remaining to maturity as of June 30, 2025.
(In thousands) |  | 3 Months or Less |  |  | 3 to 6 Months |  |  | 7 to 12 Months |  |  | Over 12 Months |  |  | Total |
Certificates of deposit less than $250,000 | $ | 94,666 |  | $ | 38,114 |  | $ | 4,043 |  | $ | 19,607 |  | $ | 156,430 |
Certificates of deposit $250,000 or more |  | 10,526 |  |  | 22,804 |  |  | 21,794 |  |  | 16,620 |  |  | 71,744 |
Total certificates of deposit | $ | 105,192 |  | $ | 60,918 |  | $ | 25,837 |  | $ | 36,227 |  | $ | 228,174 |
Scheduled maturities of certificates of deposit at June 30, 2025 were as follows:
(In thousands) |  |
The year ended June 30, |  |
2026 | $ | 191,946
2027 |  | 13,653
2028 |  | 6,069
2029 |  | 851
2030 |  | 15,655
| $ | 228,174

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 405 -Topic 942 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478353/942-405-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(12)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph e -Publisher SEC Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Publisher SEC + Details
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