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Securities Available-for-Sale (Tables)
 3 Months Ended
Sep. 30, 2023
Debt Securities, Available-for-Sale [Abstract]  
Schedule of Amortized Cost and Fair Value of Securities Available-for-Sale

The amortized cost and approximate fair value of securities available-for-sale at September 30, 2023 and June 30, 2023 are as follows:

 

 

September 30, 2023 (Unaudited)

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Federal National Mortgage Association

 

$

23,514

 

 

$

—

 

 

$

(3,278

)

 

$

20,236

 

Government National Mortgage Association

 

 

239

 

 

 

—

 

 

 

(39

)

 

 

200

 

Federal Home Loan Mortgage Corporation

 

 

17,229

 

 

 

—

 

 

 

(2,657

)

 

 

14,572

 

Total securities available-for-sale

 

$

40,982

 

 

$

—

 

 

$

(5,974

)

 

$

35,008

 

 

 

June 30, 2023

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gains

 

 

Gross
Unrealized
Losses

 

 

Fair
Value

 

Federal National Mortgage Association

 

$

22,981

 

 

$

—

 

 

$

(2,575

)

 

$

20,406

 

Federal Home Loan Mortgage Corporation

 

 

18,003

 

 

 

—

 

 

 

(2,333

)

 

 

15,670

 

Total securities available-for-sale

 

$

40,984

 

 

$

—

 

 

$

(4,908

)

 

$

36,076

 
Schedule of Contractual Maturities of Amortized Cost and Fair Value

 

September 30, 2023 (Unaudited)

 

 

Amortized
Cost

 

 

Fair
Value

 

Due within 1 year

 

$

—

 

 

$

—

 

Due after 1 but within 5 years

 

 

—

 

 

 

—

 

Due after 5 but within 10 years

 

 

—

 

 

 

—

 

Due after 10 years

 

 

—

 

 

 

—

 

Mortgage-backed securities

 

 

40,982

 

 

 

35,008

 

Total securities available-for-sale

 

$

40,982

 

 

$

35,008

 
Schedule of Continuous Unrealized Loss Position and Fair Value of Related Available for Sale

The unrealized losses as of September 30, 2023 and June 30, 2023, categorized by the length of time of continuous loss position, and the fair value of related available-for-sale are as follows:

 

 

September 30, 2023 (Unaudited)

 

 

Less than 12 Months

 

 

More than 12 Months

 

 

Total

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

Federal National Mortgage
   Association

 

$

—

 

 

$

—

 

 

$

20,236

 

 

$

(3,278

)

 

$

20,236

 

 

$

(3,278

)

Government National Mortgage
   Association

 

 

—

 

 

 

—

 

 

 

200

 

 

 

(39

)

 

 

200

 

 

 

(39

)

Federal Home Loan Mortgage
   Corporation

 

 

—

 

 

 

—

 

 

 

14,572

 

 

 

(2,657

)

 

 

14,572

 

 

 

(2,657

)

Total

 

$

—

 

 

$

—

 

 

$

35,008

 

 

$

(5,974

)

 

$

35,008

 

 

$

(5,974

)

 

 

 

June 30, 2023

 

 

Less than 12 Months

 

 

More than 12 Months

 

 

Total

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

 

Fair
Value

 

 

Unrealized
Losses

 

Federal National Mortgage
   Association

 

$

—

 

 

$

—

 

 

$

20,406

 

 

$

(2,575

)

 

$

20,406

 

 

$

(2,575

)

Federal Home Loan Mortgage
   Corporation

 

 

—

 

 

 

—

 

 

 

15,670

 

 

 

(2,333

)

 

 

15,670

 

 

 

(2,333

)

Total

 

$

—

 

 

$

—

 

 

$

36,076

 

 

$

(4,908

)

 

$

36,076

 

 

$

(4,908

)