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Investment Securities (Tables)

3 Months Ended

Sep. 30, 2024

Investment Securities

Schedule of available-for-sale securities reconciliation


					Gross			Gross			Estimated
		Amortized			Unrealized			Unrealized			Fair			Carrying
September 30, 2024		Cost			Gains			(Losses)			Value			Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS⁽¹⁾		$	120,128		$	123		$	(11,264)		$	108,987		$	120,128
U.S. government sponsored enterprise CMO⁽²⁾			3,700			—			(157)			3,543			3,700
U.S. SBA securities⁽³⁾			440			—			(1)			439			440
Total investment securities - held to maturity			124,268			123			(11,422)			112,969			124,268

Available for sale
U.S. government agency MBS⁽¹⁾			1,183			4			(2)			1,185			1,185
U.S. government sponsored enterprise MBS⁽¹⁾			526			13			—			539			539
Private issue CMO⁽²⁾			86			—			(1)			85			85
Total investment securities - available for sale			1,795			17			(3)			1,809			1,809
Total investment securities		$	126,063		$	140		$	(11,425)		$	114,778		$	126,077

(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, 2024		Cost			Gains			(Losses)			Value			Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS		$	125,883		$	76		$	(15,481)		$	110,478		$	125,883
U.S. government sponsored enterprise CMO			3,713			—			(253)			3,460			3,713
U.S. SBA securities			455			—			—			455			455
Total investment securities - held to maturity			130,051			76			(15,734)			114,393			130,051

Available for sale
U.S. government agency MBS			1,222			—			(14)			1,208			1,208
U.S. government sponsored enterprise MBS			548			5			—			553			553
Private issue CMO			91			—			(3)			88			88
Total investment securities - available for sale			1,861			5			(17)			1,849			1,849
Total investment securities		$	131,912		$	81		$	(15,751)		$	116,242		$	131,900

Schedule of investments with unrealized loss position


As of September 30, 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		$	—		$	—		$	104,182		$	11,264		$	104,182		$	11,264
U.S. government sponsored enterprise CMO			—			—			3,543			157			3,543			157
U.S. SBA securities			439			1			—			—			439			1
Total investment securities - held to maturity			439			1			107,725			11,421			108,164			11,422

Available for sale
U.S government agency MBS			—			—			389			2			389			2
Private issue CMO			—			—			16			1			16			1
Total investment securities - available for sale			—			—			405			3			405			3
Total investment securities		$	439		$	1			108,130		$	11,424		$	108,569		$	11,425


As of June 30, 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		$	—		$	—		$	105,530		$	15,481		$	105,530		$	15,481
U.S. government sponsored enterprise CMO			—			—			3,460			253			3,460			253
U.S. SBA securities			455			—			—			—			455			—
Total investment securities - held to maturity			455			—			108,990			15,734			109,445			15,734

Available for sale
U.S government agency MBS			91			—			1,117			14			1,208			14
U.S. government sponsored enterprise MBS			—			—			8			—			8			—
Private issue CMO			—			—			88			3			88			3
Total investment securities - available for sale			91			—			1,213			17			1,304			17
Total investment securities		$	546		$	—		$	110,203		$	15,751		$	110,749		$	15,751

Schedule of investments classified by contractual maturity


		September 30, 2024						June 30, 2024
					Estimated						Estimated
		Amortized			Fair			Amortized			Fair
(In Thousands)		Cost			Value			Cost			Value
Held to maturity
Due in one year or less		$	355		$	352		$	349		$	343
Due after one through five years			3,710			3,628			4,328			4,167
Due after five through ten years			46,492			43,415			49,331			44,830
Due after ten years			73,711			65,574			76,043			65,053
Total investment securities - held to maturity			124,268			112,969			130,051			114,393

Available for sale
Due in one year or less			—			—			—			—
Due after one through five years			—			—			—			—
Due after five through ten years			1,386			1,399			1,055			1,053
Due after ten years			409			410			806			796
Total investment securities - available for sale			1,795			1,809			1,861			1,849
Total investment securities		$	126,063		$	114,778		$	131,912		$	116,242