Deposits (Tables)

12 Months Ended

Jun. 30, 2020

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


	June 30, 2020					June 30, 2019
(Dollars in Thousands)	Interest Rate		Amount			Interest Rate		Amount
Checking deposits – non interest-bearing	—		$	118,771		—		$	90,184
Checking deposits – interest-bearing(1)	0% - 0.25	%		290,463		0% - 0.30	%		257,909
Savings deposits(1)	0% - 1.00	%		273,769		0% - 1.29	%		264,387
Money market deposits(1)	0% - 2.00	%		39,989		0% - 2.00	%		35,646
Time deposits:(1)
Under $100	0.00% - 2.13	%		82,180		0.00% - 2.13	%		94,200
$100 and over	0.15% - 2.13	%		87,797		0.15% - 2.52	%		98,945
Total deposits			$	892,969				$	841,271
Weighted-average interest rate on deposits				0.26	%				0.37	%

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Certain interest-bearing checking, savings, money market and time deposits require a minimum balance to earn interest.

The aggregate annual maturities of time deposits at June 30, 2020 and 2019 were as follows:

Interest expense on deposits for the periods indicated is summarized as follows:


	Year Ended June 30,
(In Thousands)	2020		2019
Checking deposits – interest-bearing	$	314	$	305
Savings deposits		496		572
Money market deposits		110		123
Time deposits		2,023		2,381
Total interest expense on deposits	$	2,943	$	3,381