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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

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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://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

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- 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

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