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Leases (Tables)
3 Months Ended
Sep. 30, 2023
Leases  
Schedule of supplemental information related to operating leases

    

As of

(In Thousands)

September 30, 2023

June 30, 2023

Condensed Consolidated Statements of Condition:

 

  

 

  

Premises and equipment - Operating lease right of use assets

$

1,934

 

$

2,147

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

$

1,968

 

$

2,169

Quarter Ended

    

September 30, 

    

(In Thousands)

2023

2022

Condensed Consolidated Statements of Operations:

 

  

 

  

Premises and occupancy expenses from operating leases(1)

$

213

 

$

193

Equipment expenses from operating leases

34

 

22

Total lease expense

$

247

$

215

(1)Includes immaterial variable lease costs.

    

Quarter Ended

Quarter Ended

(In Thousands)

September 30, 2023

September 30, 2022

Condensed Consolidated Statements of Cash Flows:

 

  

 

  

Operating cash flows from operating leases, net

$

231

 

$

219

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

    

Amount(1)

 

Year Ending June 30, 

 

(In Thousands)

2024

$

649

2025

 

674

2026

 

383

2027

 

188

2028

 

151

Thereafter

 

33

Total contract lease payments

$

2,078

Total liability to make lease payments

$

1,968

Difference in undiscounted and discounted future lease payments

$

110

Weighted average discount rate

 

3.16

%

Weighted average remaining lease term (years)

 

3.2

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