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Investment Securities (Tables)

6 Months Ended

Dec. 31, 2021

Investment Securities

Schedule of available-for-sale securities reconciliation


					Gross			Gross			Estimated
		Amortized			Unrealized			Unrealized			Fair			Carrying
December 31, 2021		Cost			Gains			(Losses)			Value			Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS⁽¹⁾		$	203,228		$	1,207		$	(1,778)		$	202,657		$	203,228
U.S. SBA securities⁽²⁾			1,237			9			—			1,246			1,237
Certificate of deposits			600			—			—			600			600
Total investment securities - held to maturity		$	205,065		$	1,216		$	(1,778)		$	204,503		$	205,065

Available for sale
U.S. government agency MBS		$	1,905		$	60		$	—		$	1,965		$	1,965
U.S. government sponsored enterprise MBS			994			13			—			1,007			1,007
Private issue CMO⁽³⁾			144			2			—			146			146
Total investment securities - available for sale		$	3,043		$	75		$	—		$	3,118		$	3,118
Total investment securities		$	208,108		$	1,291		$	(1,778)		$	207,621		$	208,183

(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, 2021		Cost			Gains			(Losses)			Value			Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS		$	220,448		$	2,209		$	(810)		$	221,847		$	220,448
U.S. SBA securities			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			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

Schedule of investments with unrealized loss position


As of December 31, 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		$	138,638		$	1,411		$	8,435		$	367		$	147,073		$	1,778
Total investment securities - held to maturity		$	138,638		$	1,411		$	8,435		$	367		$	147,073		$	1,778

Total investment securities		$	138,638		$	1,411		$	8,435		$	367		$	147,073		$	1,778


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
U.S. SBA securities			—			—			—			—			—			—
Total investment securities - held to maturity		$	84,600		$	810		$	—		$	—		$	84,600		$	810

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

Schedule of investments classified by contractual maturity


		December 31, 2021						June 30, 2021
					Estimated						Estimated
		Amortized			Fair			Amortized			Fair
(In Thousands)		Cost			Value			Cost			Value
Held to maturity
Due in one year or less		$	1,120		$	1,139		$	1,209		$	1,218
Due after one through five years			12,545			13,013			14,544			15,179
Due after five through ten years			89,740			89,656			90,798			91,780
Due after ten years			101,660			100,695			116,755			116,544
Total investment securities - held to maturity		$	205,065		$	204,503		$	223,306		$	224,721

Available for sale
Due in one year or less		$	—		$	—		$	—		$	—
Due after one through five years			—			—			—			—
Due after five through ten years			70			71			—			—
Due after ten years			2,973			3,047			3,494			3,587
Total investment securities - available for sale		$	3,043		$	3,118		$	3,494		$	3,587
Total investment securities		$	208,108		$	207,621		$	226,800		$	228,308