Leases (Tables)

9 Months Ended

Mar. 31, 2021


	At		At
(In Thousands)	March 31, 2021		June 30, 2020
Condensed Consolidated Statements of Condition:
Premises and equipment - Operating lease right of use assets	$	2,183	$	2,525
Accounts payable, accrued interest and other liabilities - Operating lease liabilities	$	2,265	$	2,640


	Quarter Ended				Nine Months Ended
	March 31,				March 31,
	2021		2020		2021		2020
Condensed Consolidated Statements of Operations:
Premises and occupancy expenses from operating leases (1) (2)	$	199	$	195	$	597	$	569
Equipment expenses from operating leases		23		17		46		44

⁽¹⁾

Variable lease costs are immaterial.

⁽²⁾

Revenue related to sublease activity is immaterial and netted against operating lease expenses in the quarter and first nine months of fiscal 2020.


	Nine Months Ended		Nine Months Ended
(In Thousands)	March 31, 2021		March 31, 2020
Condensed Consolidated Statements of Cash Flows:
Operating cash flows for operating leases, net (1)	$	676	$	806

⁽¹⁾

Revenue related to sublease activity was immaterial and netted against operating lease expenses in the first nine months of fiscal 2020.


	Amount(1)
Year Ending June 30,	(In Thousands)
2021	$	229
2022		777
2023		469
2024		360
2025		255
Thereafter		276
Total contract lease payments	$	2,366

Total liability to make lease payments	$	2,265
Difference in undiscounted and discounted future lease payments	$	101
Weighted average discount rate		2.04	%
Weighted average remaining lease term (years)		3.9

Contractual base rents do not include property taxes and other operating expenses due under respective lease agreements.