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Employee Benefit Plans (Tables) | 9 Months Ended
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Mar. 31, 2026
Employee Benefit Plans [Abstract] |
Information Regarding Pension Plan | Information regarding the Pension Plan at period end are as follows:
(In thousands) |  |  |  |  |  |  |  |
Change in projected benefit obligation: |  |  | March 31, 2026 |  |  |  | June 30, 2025 |
Benefit obligation at beginning of period |  | $ | 3,994 |  |  | $ | 4,119 |
Interest cost |  |  | 8 |  |  |  | 213 |
Actuarial loss |  |  | (450 | ) |  |  | (1 | )
Benefits paid |  |  | (3,552 | ) |  |  | (256 | )
Benefit obligation at end of period |  |  | - |  |  |  | 4,075 |
Change in fair value of plan assets: |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of period |  |  | 3,990 |  |  |  | 4,654 |
Actual return on plan assets |  |  | (104 | ) |  |  | 348 |
Employer contributions |  |  | - |  |  |  | - |
Benefits paid |  |  | (3,552 | ) |  |  | (256 | )
Fair value of plan assets at end of period |  |  | 334 |  |  |  | 4,746 |
Over funded status at end of period included in other liabilities |  | $ | (334 | ) |  | $ | (671 | )
Components of Net Periodic Pension Costs | The components of net periodic pension cost related to the Pension Plan during the three and nine months ended March 31, 2026 and 2025 were as follows:
| For the three months ended March 31, |
(In thousands) |  |  | 2026 |  |  |  | 2025 |
Interest cost |  | $ | 8 |  |  | $ | 53 |
Expected return on plan assets |  |  | (10 | ) |  |  | (57 | )
Amortization of net loss |  |  | 8 |  |  |  | 8 |
Effect of settlement |  |  | 706 |  |  |  | - |
Net periodic pension expense |  | $ | 712 |  |  | $ | 4 |
| For the nine months ended March 31, |
(In thousands) |  |  | 2026 |  |  |  | 2025 |
Interest cost |  | $ | 115 |  |  | $ | 159 |
Expected return on plan assets |  |  | (126 | ) |  |  | (171 | )
Amortization of net loss |  |  | 13 |  |  |  | 24 |
Effect of settlement |  |  | 905 |  |  |  | - |
Net periodic pension expense |  | $ | 907 |  |  | $ | 12 |
Amounts Recognized in Other Comprehensive Income | Changes in plan assets and benefit obligations recognized in other comprehensive income during the three and nine months ended March 31, 2026 consisted of the following:
(In thousands) |  | Three months ended March 31, 2026 |  |  | Nine months ended March 31, 2026 |
Actuarial loss on plan assets and benefit obligations |  | $ | 1,048 |  |  | $ | 569 |
Deferred tax expense |  |  | 280 |  |  |  | 152 |
Net change in plan assets and benefit obligations recognized in other comprehensive income |  | $ | 768 |  |  | $ | 417 |
Amounts Recognized in Financial Condition | Amounts recognized in the consolidated statements of financial condition related to the Pension Plan for the period ended, presented as follows:
(In thousands) |
Other liabilities: |  | June 30, 2025 |
Projected benefit obligation in surplus of fair value of pension plan |  | $ | (671 | )
Accumulated other comprehensive loss, net of taxes: |  |  |  |
Net losses and past service liability |  | $ | (417 | )
Assumptions Used | The principal actuarial assumptions used at June 30, 2025:
Projected benefit obligation: |  | June 30, 2025 |
Discount rate |  |  | 5.37 | %
Net periodic pension expense: |  |  |  |
Amortization period, in years |  |  | 11 |
Discount rate |  |  | 5.30 | %
Expected long-term rate of return on plan assets |  |  | 5.00 | %
Allocation of Plan Assets | The weighted average asset allocation and fair value of our pension plan assets at March 31, 2026 and June 30, 2025 was as follows:
|  | March 31, 2026 |  |  | June 30, 2025 |
(Dollars in thousands) |  | Fair Value |  |  | Fair Value |
Money market |  | $ | 334 |  |  |  | 100.0 | % |  | $ | 1,382 |  |  |  | 29.1 | %
Mutual funds – fixed income |  |  | - |  |  |  | 0.00 |  |  |  | 3,364 |  |  |  | 70.9 |
Total plan assets |  | $ | 334 |  |  |  | 100.0 | % |  | $ | 4,746 |  |  |  | 100.0 | %

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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
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- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-5 + Details
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- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (j) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
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- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 715 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480482/715-20-55-17 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-3 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-4 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-2 + Details
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (q) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
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