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Derivative and Other Financial Instruments with Off-Balance Sheet Risks (Tables)
9 Months Ended
Mar. 31, 2022
Derivative and Other Financial Instruments with Off-Balance Sheet Risks  
Schedule of undisbursed funds commitments

    

    

Commitments

March 31, 2022

June 30, 2021

(In Thousands)

 

  

 

  

 

Undisbursed loan funds – Construction loans

$

4,468

$

4,479

Undisbursed lines of credit – Commercial business loans

 

942

 

460

Undisbursed lines of credit – Consumer loans

 

401

 

425

Commitments to extend credit on loans to be held for investment

 

40,734

 

21,887

Total

$

46,545

$

27,251

Schedule of allowance for loan losses of undisbursed funds and commitments on loans held for investment

For the Quarter Ended

For the Nine Months Ended

March 31, 

March 31, 

(In Thousands)

    

2022

    

2021

    

2022

    

2021

Balance, beginning of the period

$

99

$

101

$

127

$

126

Provision

 

42

 

56

 

14

 

31

Balance, end of the period

$

141

$

157

$

141

$

157

Schedule of summary of recourse liability

For the Quarter Ended 

    

For the Nine Months Ended

March 31, 

March 31, 

Recourse Liability

    

2022

    

2021

    

2022

    

2021

(In Thousands)

Balance, beginning of the period

$

160

$

390

$

200

$

270

Provision for recourse liability

 

 

 

(40)

 

120

Net settlements in lieu of loan repurchases

 

 

(175)

 

 

(175)

Balance, end of the period

$

160

$

215

$

160

$

215