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Leases (Tables)

12 Months Ended

Jun. 30, 2023

Schedule of supplemental information related to operating leases


	As of June 30,
(In Thousands)	2023			2022
Consolidated Statements of Condition:
Premises and equipment - Operating lease right of use assets	$	2,147	$	1,969
Accounts payable, accrued interest and other liabilities – Operating lease liabilities	$	2,169	$	1,998


	Year Ended June 30,
		2023		2022
Consolidated Statements of Operations:
Premises and occupancy expenses from operating leases⁽¹⁾	$	787	$	788
Equipment expenses from operating leases⁽¹⁾		95		92
Total lease expense	$	882	$	880

Consolidated Statements of Cash Flows:
Operating cash flows from operating leases, net	$	879	$	921

(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, 2023:


	Amount⁽¹⁾
Year Ending June 30,	(In Thousands)
2024	$	870
2025		669
2026		383
2027		188
2028		151
Thereafter		33
Total contract lease payments	$	2,294

Total liability to make lease payments	$	2,169
Difference in undiscounted and discounted future lease payments	$	125
Weighted average discount rate		3.11	%
Weighted average remaining lease term (years)		2.2

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