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

    

As of

(In Thousands)

December 31, 2022

June 30, 2022

Condensed Consolidated Statements of Condition:

 

  

 

  

Premises and equipment - Operating lease right of use assets

$

1,727

 

$

1,969

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

$

1,747

 

$

1,998

Quarter Ended

Six Months Ended

    

December 31, 

    

December 31, 

(In Thousands)

2022

2021

2022

2021

Condensed Consolidated Statements of Operations:

 

  

 

  

 

  

 

  

Premises and occupancy expenses from operating leases(1)

$

193

 

$

195

$

386

 

$

395

Equipment expenses from operating leases

$

23

 

$

24

$

45

 

$

47

(1)Includes immaterial variable lease costs.

    

Six Months Ended

Six Months Ended

(In Thousands)

December 31, 2022

December 31, 2021

Condensed Consolidated Statements of Cash Flows:

 

  

 

  

Operating cash flows from operating leases, net

$

437

 

$

465

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

    

Amount(1)

 

Year Ending June 30, 

 

(In Thousands)

2023

$

418

2024

 

644

2025

 

467

2026

 

236

2027

 

39

Thereafter

 

Total contract lease payments

$

1,804

Total liability to make lease payments

$

1,747

Difference in undiscounted and discounted future lease payments

$

57

Weighted average discount rate

 

2.26

%

Weighted average remaining lease term (years)

 

2.6

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