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Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2020
Organization and Summary of Significant Accounting Policies  
Activity in Recourse Liabilities

 

 

 

 

 

 

 

 

 

For Year Ended June 30,

(In Thousands)

    

2020

    

2019

Balance, beginning of year

 

$

250

 

$

283

Recourse reserve (recovery)

 

 

20

 

 

(33)

Balance, end of the year

 

$

270

 

$

250

 

Schedule of Estimated Useful Lives

Premises and equipment at June 30, 2020 and 2019 consisted of the following:

 

 

 

 

 

 

 

 

 

June 30, 

(In Thousands)

    

2020

    

2019

Land

 

$

2,853

 

$

2,853

Buildings

 

 

9,734

 

 

9,759

Leasehold improvements

 

 

3,243

 

 

3,252

Furniture and equipment

 

 

5,290

 

 

5,438

Automobiles

 

 

167

 

 

170

Operating lease – right of use assets(1)

 

 

2,525

 

 

 —

 

 

 

23,812

 

 

21,472

Less accumulated depreciation and amortization

 

 

(13,558)

 

 

(13,246)

Total premises and equipment, net

 

$

10,254

 

$

8,226

 

(1)Net of accumulated amortization.