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Investment Securities (Tables) | 3 Months Ended
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Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract] |
Summary of Securities Held-to-Maturity | The Company owned no investment securities available-for-sale at September 30, 2024 or June 30, 2024. The amortized cost and approximate fair value of securities held-to-maturity are as follows at the dates indicated:
|  | September 30, 2024 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
|  | (Dollars in thousands) |
Federal National Mortgage Association |  | $ | 93,233 |  |  | $ | 4 |  |  | $ | (14,940 | ) |  | $ | 78,297 |
Federal Home Loan Mortgage Corporation |  |  | 48,655 |  |  |  | 25 |  |  |  | (7,045 | ) |  |  | 41,635 |
Government National Mortgage Association |  |  | 262 |  |  |  | 2 |  |  |  | — |  |  |  | 264 |
Subordinated Debt |  |  | 7,750 |  |  |  | — |  |  |  | (1,303 | ) |  |  | 6,447 |
CMO |  |  | 2,316 |  |  |  | — |  |  |  | (140 | ) |  |  | 2,176 |
Foreign Government Bonds |  |  | 300 |  |  |  | — |  |  |  | — |  |  |  | 300 |
Total |  | $ | 152,516 |  |  | $ | 31 |  |  | $ | (23,428 | ) |  | $ | 129,119 |
|  | June 30, 2024 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
|  | (Dollars in thousands) |
Federal National Mortgage Association |  | $ | 95,338 |  |  | $ | 1 |  |  | $ | (16,822 | ) |  | $ | 78,517 |
Federal Home Loan Mortgage Corporation |  |  | 50,060 |  |  |  | 78 |  |  |  | (8,252 | ) |  |  | 41,886 |
Government National Mortgage Association |  |  | 273 |  |  |  | — |  |  |  | (3 | ) |  |  | 270 |
Subordinated Debt |  |  | 7,750 |  |  |  | — |  |  |  | (1,488 | ) |  |  | 6,262 |
CMO |  |  | 2,423 |  |  |  | — |  |  |  | (222 | ) |  |  | 2,201 |
Foreign Government Bonds |  |  | 300 |  |  |  | — |  |  |  | — |  |  |  | 300 |
Total |  | $ | 156,144 |  |  | $ | 79 |  |  | $ | (26,787 | ) |  | $ | 129,436 |
Schedule of Contractual Maturities of Amortized Cost and Fair Value |
|  | September 30, 2024 |
|  | Amortized Cost |  |  | Fair Value |
|  | (Dollars in thousands) |
Due within 1 year |  | $ | 100 |  |  | $ | 100 |
Due after 1 but within 5 years |  |  | 200 |  |  |  | 200 |
Due after 5 but within 10 years |  |  | 7,750 |  |  |  | 6,447 |
Due after 10 years |  |  | — |  |  |  | — |
Mortgage-backed securities |  |  | 144,466 |  |  |  | 122,372 |
Total |  | $ | 152,516 |  |  | $ | 129,119 |
Summary of Unrealized Losses Categorized by Length of Time of Continuous Loss Position and Fair Value | The unrealized losses as of September 30, 2024 and June 30, 2024, categorized by the length of time of continuous loss position, and the fair value of related securities held-to-maturity are as follows:
|  | September 30, 2024 |
|  | Less than 12 Months |  |  | More than 12 Months |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
|  | (Dollars in thousands) |
Federal National Mortgage Association |  | $ | 539 |  |  | $ | (49 | ) |  | $ | 77,405 |  |  | $ | (14,891 | ) |  | $ | 77,944 |  |  | $ | (14,940 | )
Federal Home Loan Mortgage Corporation |  |  | — |  |  |  | — |  |  |  | 41,204 |  |  |  | (7,045 | ) |  |  | 41,204 |  |  |  | (7,045 | )
Subordinated Debt |  |  | — |  |  |  | — |  |  |  | 6,447 |  |  |  | (1,303 | ) |  |  | 6,447 |  |  |  | (1,303 | )
CMO |  |  | — |  |  |  | — |  |  |  | 2,175 |  |  |  | (140 | ) |  |  | 2,175 |  |  |  | (140 | )
Total |  | $ | 539 |  |  | $ | (49 | ) |  | $ | 127,231 |  |  | $ | (23,379 | ) |  | $ | 127,770 |  |  | $ | (23,428 | )
|  | June 30, 2024 |
|  | Less than 12 Months |  |  | More than 12 Months |  |  | Total |
|  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |  |  | Fair Value |  |  | Unrealized Losses |
|  | (Dollars in thousands) |
Federal National Mortgage Association |  | $ | — |  |  | $ | — |  |  | $ | 78,160 |  |  | $ | (16,822 | ) |  | $ | 78,160 |  |  | $ | (16,822 | )
Federal Home Loan Mortgage Corporation |  |  | — |  |  |  | — |  |  |  | 41,838 |  |  |  | (8,252 | ) |  |  | 41,838 |  |  |  | (8,252 | )
Government National Mortgage Association |  |  | — |  |  |  | — |  |  |  | 270 |  |  |  | (3 | ) |  |  | 270 |  |  |  | (3 | )
Subordinated Debt |  |  | — |  |  |  | — |  |  |  | 6,262 |  |  |  | (1,488 | ) |  |  | 6,262 |  |  |  | (1,488 | )
CMO |  |  | — |  |  |  | — |  |  |  | 2,201 |  |  |  | (222 | ) |  |  | 2,201 |  |  |  | (222 | )
Total |  | $ | — |  |  | $ | — |  |  | $ | 128,731 |  |  | $ | (26,787 | ) |  | $ | 128,731 |  |  | $ | (26,787 | )
Summary of Unrealized Gains (Losses) Recognized on Equity Securities |
|  | Three Months Ended September 30, |
|  | 2024 |  |  | 2023 |
|  | (Dollars in thousands) |
Net gains (losses) recognized on equity securities |  | $ | 2 |  |  | $ | (3 | )
Less: Net gains (losses) recognized on equity securities sold/acquired |  |  | — |  |  |  | — |
Net unrealized gains (losses) recognized on equity securities |  | $ | 2 |  |  | $ | (3 | )

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