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Fair Value Measurements and Disclosures (Tables)

3 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured At Fair Value On A Recurring Basis

For financial assets measured at fair value on a recurring basis as of September 30, 2023 and June 30, 2023, the fair value measurements by level within the fair value hierarchy used are as follows:

		September 30, 2023 (Unaudited)
Description		(Level 1)				(Level 2)				(Level 3)				Total
Securities available-for-sale:
Federal National Mortgage Association		$	—			$	20,236			$	—			$	20,236
Government National Mortgage Association			—			$	200				—				200
Federal Home Loan Mortgage Corporation			—				14,572				—				14,572
Equity securities			21				—				—				21
Total		$	21			$	35,008			$	—			$	35,029

		June 30, 2023
Description		(Level 1)				(Level 2)				(Level 3)				Total
Securities available-for-sale:
Federal National Mortgage Association		$	—			$	20,406			$	—			$	20,406
Federal Home Loan Mortgage Corporation			—				15,670				—				15,670
Equity securities			24				—				—				24
Total		$	24			$	36,076			$	—			$	36,100

Schedule of Financial Assets Measured at Fair Value on a Nonrecurring Basis

For financial assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at September 30, 2023, were as follows:

	September 30, 2023 (Unaudited)
Description	Total				(Level 1)				(Level 2)				(Level 3)
Financial Assets:
Cash and cash equivalents	$	121,111			$	121,111			$	—			$	—
Securities held-to-maturity, at amortized cost		168,922				—				135,016				—
Restricted equity securities, at cost		1,274				—				1,274				—
Loans receivable, net		692,403				—				—				644,127
Accrued interest receivable		2,323				—				1				—
Financial Liabilities:
Deposits		877,294				—				735,640				—
Borrowings		20,000				—				19,929				—

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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