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Investment Securities (Tables)

3 Months Ended

Sep. 30, 2023

Investment Securities

Schedule of available-for-sale securities reconciliation


					Gross			Gross			Estimated
		Amortized			Unrealized			Unrealized			Fair			Carrying
September 30, 2023		Cost			Gains			(Losses)			Value			Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS⁽¹⁾		$	143,070		$	1		$	(20,376)		$	122,695		$	143,070
U.S. government sponsored enterprise CMO⁽²⁾			3,870			—			(347)			3,523			3,870
U.S. SBA securities⁽³⁾			634			—			(1)			633			634
Total investment securities - held to maturity			147,574			1			(20,724)			126,851			147,574

Available for sale
U.S. government agency MBS			1,379			—			(39)			1,340			1,340
U.S. government sponsored enterprise MBS			662			—			(10)			652			652
Private issue CMO			101			—			(3)			98			98
Total investment securities - available for sale			2,142			—			(52)			2,090			2,090
Total investment securities		$	149,716		$	1		$	(20,776)		$	128,941		$	149,664

(1)Mortgage-Backed Securities (“MBS”).

(2)Collateralized Mortgage Obligations (“CMO”).

(3)Small Business Administration (“SBA”).


					Gross			Gross			Estimated
		Amortized			Unrealized			Unrealized			Fair			Carrying
June 30, 2023		Cost			Gains			(Losses)			Value			Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS		$	149,803		$	—		$	(18,459)		$	131,344		$	149,803
U.S. government sponsored enterprise CMO			3,883			—			(336)			3,547			3,883
U.S. SBA securities			651			—			(1)			650			651
Total investment securities - held to maturity			154,337			—			(18,796)			135,541			154,337

Available for sale
U.S. government agency MBS			1,417			—			(47)			1,370			1,370
U.S. government sponsored enterprise MBS			697			—			(14)			683			683
Private issue CMO			103			—			(1)			102			102
Total investment securities - available for sale			2,217			—			(62)			2,155			2,155
Total investment securities		$	156,554		$	—		$	(18,858)		$	137,696		$	156,492

Schedule of investments with unrealized loss position


As of September 30, 2023		Unrealized Holding Losses						Unrealized Holding Losses						Unrealized Holding Losses
(In Thousands)		Less Than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
Description of Securities		Value			Losses			Value			Losses			Value			Losses
Held to maturity
U.S. government sponsored enterprise MBS		$	2,237		$	3		$	119,202		$	20,373		$	121,439		$	20,376
U.S. government sponsored enterprise CMO			—			—			3,523			347			3,523			347
U.S. SBA securities			—			—			633			1			633			1
Total investment securities - held to maturity			2,237			3			123,358			20,721			125,595			20,724

Available for sale
U.S government agency MBS			—			—			1,340			39			1,340			39
U.S. government sponsored enterprise MBS			62			1			558			9			620			10
Private issue CMO			—			—			98			3			98			3
Total investment securities - available for sale			62			1			1,996			51			2,058			52
Total investment securities		$	2,299		$	4			125,354		$	20,772		$	127,653		$	20,776


As of June 30, 2023		Unrealized Holding Losses						Unrealized Holding Losses						Unrealized Holding Losses
(In Thousands)		Less Than 12 Months						12 Months or More						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
Description of Securities		Value			Losses			Value			Losses			Value			Losses
Held to maturity
U.S. government sponsored enterprise MBS		$	10,839		$	253		$	120,506		$	18,206		$	131,345		$	18,459
U.S. government sponsored enterprise CMO			—			—			3,547			336			3,547			336
U.S. SBA securities			650			1			—			—			650			1
Total investment securities - held to maturity			11,489			254			124,053			18,542			135,542			18,796

Available for sale
U.S government agency MBS			696			20			673			27			1,369			47
U.S. government sponsored enterprise MBS			87			2			558			12			645			14
Private issue CMO			—			—			102			1			102			1
Total investment securities - available for sale			783			22			1,333			40			2,116			62
Total investment securities		$	12,272		$	276		$	125,386		$	18,582		$	137,658		$	18,858

Schedule of investments classified by contractual maturity


		September 30, 2023						June 30, 2023
					Estimated						Estimated
		Amortized			Fair			Amortized			Fair
(In Thousands)		Cost			Value			Cost			Value
Held to maturity
Due in one year or less		$	101		$	100		$	303		$	300
Due after one through five years			6,861			6,557			7,686			7,365
Due after five through ten years			57,770			51,267			61,043			54,686
Due after ten years			82,842			68,927			85,305			73,190
Total investment securities - held to maturity			147,574			126,851			154,337			135,541

Available for sale
Due in one year or less			—			—			—			—
Due after one through five years			—			—			—			—
Due after five through ten years			569			560			590			580
Due after ten years			1,573			1,530			1,627			1,575
Total investment securities - available for sale			2,142			2,090			2,217			2,155
Total investment securities		$	149,716		$	128,941		$	156,554		$	137,696