XML 50 R32.htm IDEA: XBRL DOCUMENT

Investment Securities (Tables)

12 Months Ended

Jun. 30, 2021

Investment Securities

Schedule of available-for-sale securities reconciliation


					Gross			Gross			Estimated
		Amortized			Unrealized			Unrealized			Fair			Carrying
June 30, 2021		Cost			Gains			(Losses)			Value			Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS⁽¹⁾		$	220,448		$	2,209		$	(810)		$	221,847		$	220,448
U.S. SBA securities⁽²⁾			1,858			16			—			1,874			1,858
Certificate of deposits			1,000			—			—			1,000			1,000
Total investment securities - held to maturity		$	223,306		$	2,225		$	(810)		$	224,721		$	223,306

Available for sale
U.S. government agency MBS		$	2,146		$	76		$	—		$	2,222		$	2,222
U.S. government sponsored enterprise MBS			1,197			14			—			1,211			1,211
Private issue CMO⁽³⁾			151			3			—			154			154
Total investment securities - available for sale		$	3,494		$	93		$	—		$	3,587		$	3,587
Total investment securities		$	226,800		$	2,318		$	(810)		$	228,308		$	226,893

(1)	Mortgage-backed securities (“MBS”).

(2)	Small Business Administration ("SBA").

(3)	Collateralized Mortgage Obligations (“CMO”).


					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			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			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

Schedule of investments with unrealized loss position


As of June 30, 2021		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		$	84,600		$	810		$	—		$	—		$	84,600		$	810
Total investment securities - held to maturity		$	84,600		$	810		$	—		$	—		$	84,600		$	810

Total investment securities		$	84,600		$	810		$	—		$	—		$	84,600		$	810


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

Schedule of investments classified by contractual maturity


		June 30, 2021						June 30, 2020
					Estimated						Estimated
		Amortized			Fair			Amortized			Fair
(In Thousands)		Cost			Value			Cost			Value
Held to maturity
Due in one year or less		$	1,209		$	1,218		$	800		$	800
Due after one through five years			14,544			15,179			19,389			20,194
Due after five through ten years			90,798			91,780			50,895			52,315
Due after ten years			116,755			116,544			47,543			47,892
Total investment securities - held to maturity		$	223,306		$	224,721		$	118,627		$	121,201

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			3,494			3,587			4,583			4,717
Total investment securities - available for sale		$	3,494		$	3,587		$	4,583		$	4,717
Total investment securities		$	226,800		$	228,308		$	123,210		$	125,918