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Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables) | 6 Months Ended
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Dec. 31, 2020
Derivative and Other Financial Instruments with Off-Balance Sheet Risks |
Schedule of undisbursed funds commitments |
Commitments |  | December 31, 2020 |  | June 30, 2020
(In Thousands) |  |  |  |  |  |
Undisbursed loan funds – Construction loans |  | $ | 2,736 |  | $ | 4,029
Undisbursed lines of credit – Commercial business loans |  |  | 520 |  |  | 935
Undisbursed lines of credit – Consumer loans |  |  | 422 |  |  | 448
Commitments to extend credit on loans to be held for investment |  |  | 12,281 |  |  | 13,579
Total |  | $ | 15,959 |  | $ | 18,991
Schedule of allowance for loan losses of undisbursed funds and commitments on loans held for investment |
|  | For the Quarter Ended |  | For the Six Months Ended
|  | December 31, |  | December 31,
(In Thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Balance, beginning of the period |  | $ | 104 |  | $ | 143 |  | $ | 126 |  | $ | 141
Recovery |  |  | (3) |  |  | (5) |  |  | (25) |  |  | (3)
Balance, end of the period |  | $ | 101 |  | $ | 138 |  | $ | 101 |  | $ | 138
Schedule of summary of recourse liability |
|  | For the Quarter Ended |  | For the Six Months Ended
|  | December 31, |  | December 31,
Recourse Liability |  | 2020 |  | 2019 |  | 2020 |  | 2019
(In Thousands) |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of the period |  | $ | 370 |  | $ | 250 |  | $ | 270 |  | $ | 250
Provision for recourse liability |  |  | 20 |  |  | — |  |  | 120 |  |  | —
Net settlements in lieu of loan repurchases |  |  | — |  |  | — |  |  | — |  |  | —
Balance, end of the period |  | $ | 390 |  | $ | 250 |  | $ | 390 |  | $ | 250

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- Definition Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13433-108611 + Details
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