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Investment Securities (Tables)

9 Months Ended

Mar. 31, 2024

Investment Securities

Schedule of available-for-sale securities reconciliation


					Gross			Gross			Estimated
		Amortized			Unrealized			Unrealized			Fair			Carrying
March 31, 2024		Cost			Gains			(Losses)			Value			Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS⁽¹⁾		$	131,711		$	72		$	(15,501)		$	116,282		$	131,711
U.S. government sponsored enterprise CMO⁽²⁾			3,802			—			(270)			3,532			3,802
U.S. SBA securities⁽³⁾			458			—			(1)			457			458
Total investment securities - held to maturity			135,971			72			(15,772)			120,271			135,971

Available for sale
U.S. government agency MBS			1,288			1			(15)			1,274			1,274
U.S. government sponsored enterprise MBS			572			1			(3)			570			570
Private issue CMO			93			—			(2)			91			91
Total investment securities - available for sale			1,953			2			(20)			1,935			1,935
Total investment securities		$	137,924		$	74		$	(15,792)		$	122,206		$	137,906

(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 March 31, 2024		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		$	—		$	—		$	111,712		$	15,501		$	111,712		$	15,501
U.S. government sponsored enterprise CMO			—			—			3,533			270			3,533			270
U.S. SBA securities			457			1			—			—			457			1
Total investment securities - held to maturity			457			1			115,245			15,771			115,702			15,772

Available for sale
U.S government agency MBS			—			—			1,179			15			1,179			15
U.S. government sponsored enterprise MBS			—			—			462			3			462			3
Private issue CMO			—			—			91			2			91			2
Total investment securities - available for sale			—			—			1,732			20			1,732			20
Total investment securities		$	457		$	1			116,977		$	15,791		$	117,434		$	15,792


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


		March 31, 2024						June 30, 2023
					Estimated						Estimated
		Amortized			Fair			Amortized			Fair
(In Thousands)		Cost			Value			Cost			Value
Held to maturity
Due in one year or less		$	5		$	5		$	303		$	300
Due after one through five years			5,354			5,161			7,686			7,365
Due after five through ten years			52,205			47,404			61,043			54,686
Due after ten years			78,407			67,701			85,305			73,190
Total investment securities - held to maturity			135,971			120,271			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			781			777			590			580
Due after ten years			1,172			1,158			1,627			1,575
Total investment securities - available for sale			1,953			1,935			2,217			2,155
Total investment securities		$	137,924		$	122,206		$	156,554		$	137,696