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Deposits

12 Months Ended

Jun. 30, 2025

Deposits.

Deposits

Note 6: Deposits

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Deposits at June 30, 2025 and 2024 consisted of the following:

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​	​	​	​	​	​	​	​	​	​	​	​
​	​	June 30, 2025				​	June 30, 2024
(Dollars in Thousands)		Interest Rate		Amount			Interest Rate		Amount
Checking deposits – noninterest-bearing		—	​	$	83,566		—	​	$	95,627	​
Checking deposits – interest-bearing(1)		0.00% - 0.20%	​		240,597		0.00% - 0.20%	​		254,624	​
Savings deposits(1)		0.00% - 4.64%	​		230,610		0.00% - 4.64%	​		238,878	​
Money market deposits(1)		0.00% - 2.96%	​		21,703		0.00% - 4.64%	​		25,324	​
Time deposits:			​					​			​
$250 and under(1)(2)		0.00% - 5.15%	​		221,475		0.00% - 5.35%	​		226,110	​
Over $250		0.12% - 4.83%	​		90,821		0.10% - 5.12%	​		47,785	​
Total deposits(3)	​	​	​	$	888,772		​	​	$	888,348	​
Weighted average interest rate on deposits		​	​		1.34	%	​	​		1.29	%

​

(1) Certain interest-bearing checking, savings, money market and time deposits require a minimum balance to earn interest.

(2) Includes brokered certificates of deposit of $131.0 million and $131.8 million at June 30, 2025 and 2024, respectively.

(3) Includes uninsured deposits of approximately $158.7 million (of which $53.8 million are collateralized) and $122.7 million (of which $9.0 million are collateralized) at June 30, 2025 and 2024, respectively.

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The aggregate annual maturities of time deposits at June 30, 2025 and 2024 were as follows:

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​	​	​	​	​	​	​
​	​	June 30,
(In Thousands)		2025			2024
One year or less	​	$	278,268	​	$	245,713
Over one to two years	​		25,264	​		19,604
Over two to three years	​		3,019	​		3,779
Over three to four years	​		2,058	​		1,896
Over four to five years	​		3,339	​		1,649
Over five years	​		348	​		1,254
Total time deposits	​	$	312,296	​	$	273,895

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Interest expense on deposits for the years indicated is summarized as follows:

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​	​	​	​	​	​	​
​	​	Year Ended June 30,
(In Thousands)		2025			2024
Checking deposits – interest-bearing	​	$	105	​	$	118
Savings deposits	​		500	​		313
Money market deposits	​		85	​		172
Time deposits	​		10,536	​		9,063
Total interest expense on deposits	​	$	11,226	​	$	9,666

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At June 30, 2025, the Bank had related party deposits of approximately $8.0 million, compared to $6.3 million at June 30, 2024. At June 30, 2025 and 2024, deposits with negative balances (i.e. overdrafts) that were reclassified to loans held for investment totaled $17,000 and $24,000, respectively. The Bank generally is required to maintain reserve balances with the FRB, however, effective March 26, 2020, the FRB lowered the reserve ratios on transaction accounts maintained at a depository institution to zero percent, as such there was no required reserve balance at June 30, 2025 and 2024.

X

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478353/942-405-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph e
-Publisher SEC

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

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X

- References

No definition available.

+ Details

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