XML 43 R36.htm IDEA: XBRL DOCUMENT
v3.24.3

Fair Value Measurements and Disclosures (Tables) | 3 Months Ended
--- | ---
Sep. 30, 2024
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, 2024 and June 30, 2024, the fair value measurements by level within the fair value hierarchy used are as follows:
|  | September 30, 2024 |
Description |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Total |
|  | (Dollars in thousands) |
Equity securities |  |  | 27 |  |  |  | — |  |  |  | — |  |  |  | 27 |
Total |  | $ | 27 |  |  | $ | — |  |  | $ | — |  |  | $ | 27 |
|  | June 30, 2024 |
Description |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Total |
|  | (Dollars in thousands) |
Equity securities |  |  | 25 |  |  |  | — |  |  |  | — |  |  |  | 25 |
Total |  | $ | 25 |  |  | $ | — |  |  | $ | — |  |  | $ | 25 |
Summary of Assets and Liabilities Measured at Fair Value On Non-recurring Basis | The following tables present those assets and liabilities measured at fair value on a non-recurring basis at September 30, 2024 and June 30, 2024, and additional quantitative information about the valuation techniques and inputs utilized to determine fair value. All such assets and liabilities were measured using Level 3 inputs:
| September 30, 2024
| Fair Value Measurement |  |  | Quantitative Information
| Recorded Investment |  |  | Valuation Allowance |  |  | Fair Value |  |  | Valuation Technique |  | Unobservable Inputs |  | Value/Range
| (Dollars in thousands) |  |  |  |  |  |  |
Individually evaluated loans | $ | 9 |  |  | $ | — |  |  | $ | 9 |  |  | Appraisal of collateral |  | Selling costs |  | 15%
| June 30, 2024
| Fair Value Measurement |  |  | Quantitative Information
| Recorded Investment |  |  | Valuation Allowance |  |  | Fair Value |  |  | Valuation Technique |  | Unobservable Inputs |  | Value/Range
| (Dollars in thousands) |  |  |  |  |  |  |
Individually evaluated loans | $ | 50 |  |  | $ | — |  |  | $ | 50 |  |  | Appraisal of collateral |  | Selling costs |  | 15%
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, 2024 and June 30, 2024 were as follows:
|  | September 30, 2024 |
Description |  | Total |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
|  | (Dollars in thousands) |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 47,298 |  |  | $ | 47,298 |  |  | $ | — |  |  | $ | — |
Securities held-to-maturity, at amortized cost |  |  | 152,516 |  |  |  | — |  |  |  | 129,119 |  |  |  | — |
Restricted equity securities, at cost |  |  | 2,131 |  |  |  | — |  |  |  | 2,131 |  |  |  | — |
Loans receivable, net |  |  | 767,717 |  |  |  | — |  |  |  | — |  |  |  | 750,674 |
Accrued interest receivable |  |  | 2,800 |  |  |  | — |  |  |  | 2,800 |  |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 819,384 |  |  |  | — |  |  |  | 746,540 |  |  |  | — |
Borrowings |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | June 30, 2024 |
Description |  | Total |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
|  | (Dollars in thousands) |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 45,909 |  |  | $ | 45,909 |  |  | $ | — |  |  | $ | — |
Securities held-to-maturity, at amortized cost |  |  | 156,144 |  |  |  | — |  |  |  | 129,436 |  |  |  | — |
Restricted equity securities, at cost |  |  | 1,231 |  |  |  | — |  |  |  | 1,231 |  |  |  | — |
Loans receivable, net |  |  | 731,859 |  |  |  | — |  |  |  | — |  |  |  | 696,757 |
Accrued interest receivable |  |  | 2,695 |  |  |  | — |  |  |  | 2,695 |  |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 807,100 |  |  |  | — |  |  |  | 704,566 |  |  |  | — |
Borrowings |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration