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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2025
Income Taxes |
Schedule of Provision for Income Taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended June 30,
(In Thousands) |  | 2025 |  | 2024
​ | ​ | ​ | ​ | ​ | ​ | ​
Current: |  | ​ |  |  | ​ |
Federal | ​ | $ | 709 | ​ | $ | 2,161
State | ​ |  | 479 | ​ |  | 1,278
​ | ​ |  | 1,188 | ​ |  | 3,439
Deferred: | ​ |  |  | ​ |  |
Federal | ​ |  | 948 | ​ |  | (238)
State | ​ |  | 482 | ​ |  | (165)
​ | ​ |  | 1,430 | ​ |  | (403)
Provision for income taxes | ​ | $ | 2,618 | ​ | $ | 3,036
Schedule of estimated combined federal and state statutory tax rates | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended June 30,
​ | ​ | 2025 | ​ | 2024 | ​
(In Thousands) |  | Amount |  | Tax Rate |  | Amount |  | Tax Rate |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal income tax at statutory rate | ​ | $ | 1,863 |  | 21.00 | % | $ | 2,181 |  | 21.00 | %
State income tax, net of federal income tax benefit | ​ |  | 759 |  | 8.55 | % |  | 880 |  | 8.48 | %
Changes in taxes resulting from: | ​ |  |  |  | ​ | ​ |  |  |  | ​ | ​
Bank-owned life insurance | ​ |  | (39) |  | (0.44) | % |  | (39) |  | (0.38) | %
Non-deductible expenses | ​ |  | 28 |  | 0.31 | % |  | 12 |  | 0.12 | %
Non-deductible stock-based compensation | ​ |  | 2 |  | 0.02 | % |  | — |  | — | %
Shortfall on stock-based compensation | ​ |  | 1 |  | 0.02 | % |  | — |  | — | %
Return to provision adjustment | ​ | ​ | 2 | ​ | 0.03 | % | ​ | (1) | ​ | (0.01) | %
Other | ​ |  | 2 |  | 0.02 | % |  | 3 |  | 0.02 | %
Effective income tax | ​ | $ | 2,618 |  | 29.51 | % | $ | 3,036 |  | 29.23 | %
Schedule of Deferred Tax Assets and Liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
(In Thousands) |  | 2025 |  | 2024
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred taxes - federal | ​ | $ | (551) | ​ | $ | 404
Deferred taxes - state | ​ |  | (281) | ​ |  | 202
Total deferred tax (liabilities) assets | ​ | $ | (832) | ​ | $ | 606
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
(In Thousands) |  | 2025 |  | 2024
​ | ​ | ​ | ​ | ​ | ​ | ​
Loss reserves | ​ | $ | 2,163 | ​ | $ | 2,387
Non-accrued interest | ​ |  | 146 | ​ |  | 175
Deferred compensation | ​ |  | 1,520 | ​ |  | 2,388
Accrued vacation | ​ |  | 197 | ​ |  | 187
Depreciation | ​ |  | 239 | ​ |  | 174
State tax | ​ |  | 179 | ​ |  | 203
Unrealized loss on investment securities | ​ |  | — | ​ |  | 4
Lease liability | ​ | ​ | 536 | ​ | ​ | 448
Other | ​ |  | 258 | ​ |  | 208
Total deferred tax assets | ​ |  | 5,238 | ​ |  | 6,174
​ | ​ | ​ | ​ | ​ | ​ | ​
FHLB - San Francisco stock dividends | ​ |  | (645) | ​ |  | (645)
Prepaid expenses | ​ |  | (66) | ​ |  | (39)
Unrealized gain on investment securities | ​ |  | (6) | ​ |  | —
Unrealized gain on interest-only strips | ​ |  | (2) | ​ |  | (3)
Unrealized gain on other equity investments | ​ | ​ | (232) | ​ | ​ | —
Right-of-use asset | ​ | ​ | (526) | ​ | ​ | (432)
Deferred loan costs, net | ​ |  | (4,593) | ​ |  | (4,449)
Total deferred tax liabilities | ​ |  | (6,070) | ​ |  | (5,568)
Net deferred tax (liabilities) assets | ​ | $ | (832) | ​ | $ | 606

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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