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Leases (Tables)
9 Months Ended
Mar. 31, 2022
Leases  
Schedule of supplemental information related to operating leases

    

As of

(In Thousands)

March 31, 2022

June 30, 2021

Condensed Consolidated Statements of Condition:

 

  

 

  

Premises and equipment - Operating lease right of use assets

$

2,030

 

$

2,117

Accounts payable, accrued interest and other liabilities – Operating lease liabilities

$

2,068

 

$

2,192

Quarter Ended

Nine Months Ended

    

March 31, 

    

March 31, 

(In Thousands)

2022

2021

2022

2021

Condensed Consolidated Statements of Operations:

 

  

 

  

 

  

 

  

Premises and occupancy expenses from operating leases(1)

$

196

 

$

199

$

591

 

$

597

Equipment expenses from operating leases

$

22

 

$

23

$

69

 

$

46

(1)Includes immaterial variable lease costs.

    

Nine Months Ended

Nine Months Ended

(In Thousands)

March 31, 2022

March 31, 2021

Condensed Consolidated Statements of Cash Flows:

 

  

 

  

Operating cash flows from operating leases, net

$

697

 

$

676

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

    

Amount(1)

 

Year Ending June 30, 

 

(In Thousands)

2022

$

225

2023

 

721

2024

 

518

2025

 

400

2026

 

236

Thereafter

 

39

Total contract lease payments

$

2,139

Total liability to make lease payments

$

2,068

Difference in undiscounted and discounted future lease payments

$

71

Weighted average discount rate

 

1.88

%

Weighted average remaining lease term (years)

 

3.4

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