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Investment Securities (Tables)

12 Months Ended

Jun. 30, 2020

Investment Securities

Schedule of available-for-sale securities reconciliation


					Gross			Gross			Estimated
		Amortized			Unrealized			Unrealized			Fair			Carrying
June 30, 2020		Cost			Gains			(Losses)			Value			Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS		$	115,763		$	2,636		$	(45)		$	118,354		$	115,763
U.S. SBA securities(1)			2,064			—			(17)			2,047			2,064
Certificate of deposits			800			—			—			800			800
Total investment securities - held to maturity		$	118,627		$	2,636		$	(62)		$	121,201		$	118,627

Available for sale
U.S. government agency MBS		$	2,823		$	120		$	—		$	2,943		$	2,943
U.S. government sponsored enterprise MBS			1,556			21			—			1,577			1,577
Private issue CMO(2)			204			—			(7)			197			197
Total investment securities - available for sale		$	4,583		$	141		$	(7)		$	4,717		$	4,717
Total investment securities		$	123,210		$	2,777		$	(69)		$	125,918		$	123,344

⁽¹⁾

Small Business Administration ("SBA").

⁽²⁾

Collateralized Mortgage Obligations (“CMO”).


					Gross			Gross			Estimated
		Amortized			Unrealized			Unrealized			Fair			Carrying
June 30, 2019		Cost			Gains			(Losses)			Value			Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS		$	90,394		$	1,289		$	(14)		$	91,669		$	90,394
U.S. SBA securities			2,896			—			(6)			2,890			2,896
Certificate of deposits			800			—			—			800			800
Total investment securities - held to maturity		$	94,090		$	1,289		$	(20)		$	95,359		$	94,090

Available for sale
U.S. government agency MBS		$	3,498		$	116		$	(1)		$	3,613		$	3,613
U.S. government sponsored enterprise MBS			1,998			89			—			2,087			2,087
Private issue CMO			261			8			—			269			269
Total investment securities - available for sale		$	5,757		$	213		$	(1)		$	5,969		$	5,969
Total investment securities		$	99,847		$	1,502		$	(21)		$	101,328		$	100,059

Schedule of investments with unrealized loss position


As of June 30, 2020		Unrealized Holding Losses						Unrealized Holding Losses						Unrealized Holding Losses
(In Thousands)		Less Than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
Description of Securities		Value			Losses			Value			Losses			Value			Losses
Held to maturity
U.S. government sponsored enterprise MBS		$	12,731		$	45		$	—		$	—		$	12,731		$	45
U.S. SBA securities			—		$	—			2,040			17			2,040			17
Total investment securities - held to maturity		$	12,731		$	45		$	2,040		$	17		$	14,771		$	62

Available for sale
Private issue CMO		$	197		$	7		$	—		$	—		$	197		$	7
Total investment securities - available for sale		$	197		$	7		$	—		$	—		$	197		$	7
Total investment securities		$	12,928		$	52		$	2,040		$	17		$	14,968		$	69


As of June 30, 2019		Unrealized Holding Losses						Unrealized Holding Losses						Unrealized Holding Losses
(In Thousands)		Less Than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
Description of Securities		Value			Losses			Value			Losses			Value			Losses
Held to maturity
U.S. government sponsored enterprise MBS		$	6,507		$	8		$	1,657		$	6		$	8,164		$	14
U.S. SBA securities			—		$	—			2,883			6			2,883			6
Total investment securities - held to maturity		$	6,507		$	8		$	4,540		$	12		$	11,047		$	20

Available for sale
U.S. government agency MBS		$	289		$	1		$	—		$	—		$	289		$	1
Total investment securities - available for sale		$	289		$	1		$	—		$	—		$	289		$	1
Total investment securities		$	6,796		$	9		$	4,540		$	12		$	11,336		$	21

Schedule of investments classified by contractual maturity


		June 30, 2020						June 30, 2019
					Estimated						Estimated
		Amortized			Fair			Amortized			Fair
(In Thousands)		Cost			Value			Cost			Value
Held to maturity
Due in one year or less		$	800		$	800		$	400		$	400
Due after one through five years			19,389			20,194			32,584			32,728
Due after five through ten years			50,895			52,315			35,306			36,090
Due after ten years			47,543			47,892			25,800			26,141
Total investment securities - held to maturity		$	118,627		$	121,201		$	94,090		$	95,359

Available for sale
Due in one year or less		$	—		$	—		$	—		$	—
Due after one through five years			—			—			—			—
Due after five through ten years			—			—			—			—
Due after ten years			4,583			4,717			5,757			5,969
Total investment securities - available for sale		$	4,583		$	4,717		$	5,757		$	5,969
Total investment securities		$	123,210		$	125,918		$	99,847		$	101,328