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Investment Securities (Tables)
 3 Months Ended
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

)