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Deposits | 12 Months Ended
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Jun. 30, 2019
Banking and Thrift [Abstract] |
Deposits | Note 7: Deposits Deposits at June 30, 2019 and 2018 consisted of the following:
(Dollars in Thousands) | June 30, 2019 | June 30, 2018
Interest Rate | Amount | Interest Rate | Amount
Checking deposits – non interest-bearing | — | $ | 90,184 |  | — | $ | 86,174 |
Checking deposits – interest-bearing(1) | 0% - 0.30% | 257,909 |  | 0% - 0.30% | 259,372 |
Savings deposits(1) | 0% - 1.29% | 264,387 |  | 0% - 1.29% | 289,791 |
Money market deposits(1) | 0% - 2.00% | 35,646 |  | 0% - 2.00% | 34,633 |
Time deposits:(1) |  |  |  |
Under $100(2) | 0.00% - 2.13% | 94,200 |  | 0.00% - 3.90% | 116,454 |
$100 and over | 0.15% - 2.52% | 98,945 |  | 0.15% - 2.13% | 121,174 |
Total deposits |  | $ | 841,271 |  |  | $ | 907,598 |
Weighted-average interest rate on deposits |  | 0.37 | % |  | 0.39 | %
(1) | Certain interest-bearing checking, savings, money market and time deposits require a minimum balance to earn interest.
(2) | Includes brokered deposits of $0 and $1.6 million at June 30, 2019 and 2018, respectively.
The aggregate annual maturities of time deposits at June 30, 2019 and 2018 were as follows:
(In Thousands) | June 30,
2019 | 2018
One year or less | $ | 106,080 |  | $ | 116,333 |
Over one to two years | 37,117 |  | 65,200 |
Over two to three years | 26,334 |  | 26,163 |
Over three to four years | 15,135 |  | 13,890 |
Over four to five years | 7,784 |  | 14,227 |
Over five years | 695 |  | 1,815 |
Total time deposits | $ | 193,145 |  | $ | 237,628 |
Interest expense on deposits for the periods indicated is summarized as follows:
| Year Ended June 30, |  |
(In Thousands) | 2019 | 2018
Checking deposits – interest-bearing | $ | 305 |  |  | $ | 293 |  |
Savings deposits | 572 |  |  | 595 |  |
Money market deposits | 123 |  |  | 114 |  |
Time deposits | 2,381 |  |  | 2,493 |  |
Total interest expense on deposits | $ | 3,381 |  |  | $ | 3,495 |  |
The Bank is required to maintain reserve balances with the Federal Reserve Bank of San Francisco. Such reserves are calculated based on deposit balances and are offset by the cash balances maintained by the Bank. The cash balances maintained by the Bank at June 30, 2019 and 2018 were sufficient to cover the reserve requirements.

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 405 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=50488274&loc=d3e64164-112818 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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