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Leases (Tables)
6 Months Ended
Dec. 31, 2021
Leases  
Schedule of supplemental information related to operating leases

    

As of

(In Thousands)

December 31, 2021

June 30, 2021

Condensed 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

$

2,021

 

$

2,192

(1)Includes immaterial variable lease costs.

Quarter Ended

Six Months Ended

    

December 31, 

    

December 31, 

(In Thousands)

2021

2020

2021

2020

Condensed Consolidated Statements of Operations:

 

  

 

  

 

  

 

  

Premises and occupancy expenses from operating leases(1)

$

195

 

$

199

$

395

 

$

398

Equipment expenses from operating leases

$

24

 

$

11

$

47

 

$

23

    

Six Months Ended

Six Months Ended

(In Thousands)

December 31, 2021

December 31, 2020

Condensed Consolidated Statements of Cash Flows:

 

  

 

  

Operating cash flows from operating leases, net

$

465

 

$

451

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

    

Amount(1)

 

Year Ending June 30, 

 

(In Thousands)

2022

$

437

2023

 

596

2024

 

453

2025

 

334

2026

 

236

Thereafter

 

39

Total contract lease payments

$

2,095

Total liability to make lease payments

$

2,021

Difference in undiscounted and discounted future lease payments

$

74

Weighted average discount rate

 

1.88

%

Weighted average remaining lease term (years)

 

3.6

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