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Leases (Tables)

12 Months Ended

Jun. 30, 2022

Schedule of supplemental information related to operating leases


	As of
(In Thousands)	June 30, 2022			June 30, 2021
Consolidated Statements of Condition:
Premises and equipment - Operating lease right of use assets	$	1,969	$	2,117
Accounts payable, accrued interest and other liabilities – Operating lease liabilities	$	1,998	$	2,192


	Year Ended June 30,
		2022		2021
Consolidated Statements of Operations:
Premises and occupancy expenses from operating leases⁽¹⁾	$	788	$	797
Equipment expenses from operating leases	$	92	$	69

Consolidated Statements of Cash Flows:
Operating cash flows from operating leases, net	$	921	$	905

(1)	Includes immaterial variable lease costs.

Schedule of remaining minimum contractual lease payments and other information associated with leases

The following table provides information related to remaining minimum contractual lease payments and other information associated with the Corporation’s leases as of June 30, 2022:


	Amount⁽¹⁾
Year Ending June 30,	(In Thousands)
2023	$	832
2024		555
2025		400
2026		236
2027		39
Thereafter		—
Total contract lease payments	$	2,062

Total liability to make lease payments	$	1,998
Difference in undiscounted and discounted future lease payments	$	64
Weighted average discount rate		1.97	%
Weighted average remaining lease term (years)		3.1

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