Benefit Plans	12 Months Ended
Jun. 30, 2025
Benefit Plans
Benefit Plans	Note 10: Benefit Plans The Corporation has a 401(k) defined-contribution plan covering all employees meeting specific age and service requirements. Under the plan, employees may contribute to the plan from their pretax compensation up to the limits set by the Internal Revenue Service. The Corporation makes matching contributions up to 3% of a participants’ pretax compensation. Participants vest immediately in their own contributions with 100% vesting in the Corporation’s contributions occurring after six years of credited service. The Corporation’s expense for the plan was approximately $276,000 and $303,000 for the fiscal years ended June 30, 2025 and 2024, respectively. The Corporation has a multi-year employment agreement and a post-retirement compensation agreement with one executive officer. In addition, the Corporation has a transition agreement with the previous executive officer (currently the non-executive Chairman of the Board of Directors). At June 30, 2025 and 2024, the accrued liabilities of the post-retirement compensation agreements were $3.3 million and $5.7 million, respectively, with any costs (or recoveries) being accrued and expensed quarterly. In July 2024, the Corporation paid the post-retirement compensation benefit to the previous executive officer. For fiscal 2025 and 2024, the accrued expense (or recovery) for these liabilities was $178,000 and $85,000, respectively. The current obligation for these post-retirement benefits was fully funded consistent with contractual requirements and actuarially determined estimates of the total future obligation. The Corporation invests in BOLI to provide sufficient funding for these post-retirement obligations. As of June 30, 2025 and 2024, the total outstanding cash surrender value of the BOLI was $8.7 million and $8.6 million, respectively. For fiscal 2025 and 2024, total BOLI non-taxable income, net of mortality cost, was $184,000 and $186,000, respectively. Employee Stock Ownership Plan (“ESOP”) The Corporation established an ESOP on June 27, 1996 for all employees who are age 21 or older and have completed one year of service with the Corporation during which they have served a minimum of 1,000 hours. The Corporation recognizes compensation expense when the Corporation contributes funds to the ESOP for the purchase of the Corporation’s common stock to be allocated to the ESOP participants. The Corporation's contribution to the ESOP plan is discretionary. During fiscal 2025 and 2024, there were 40,000 shares for each year that were purchased in the open market to fulfill the annual discretionary allocation. Since the annual contributions are discretionary, the benefits payable under the ESOP cannot be estimated. Benefits generally become 100% vested after six years of credited service. Vesting accelerates upon retirement, death or disability of the participant or in the event of a change in control of the Corporation. Forfeitures are reallocated among remaining participating employees in the same proportion as contributions. Benefits are payable upon death, retirement, early retirement, disability or separation from service. The net expense related to the ESOP for the fiscal years ended June 30, 2025 and 2024, was $592,000 and $540,000, respectively. Shares and cash contributions, if any, are allocated at the end of each calendar year. For the calendar years 2024 and 2023, the total ESOP allocation was 40,000 shares for each period.

Benefit Plans

12 Months Ended

Jun. 30, 2025

Note 10: Benefit Plans

The Corporation has a 401(k) defined-contribution plan covering all employees meeting specific age and service requirements. Under the plan, employees may contribute to the plan from their pretax compensation up to the limits set by the Internal Revenue Service. The Corporation makes matching contributions up to 3% of a participants’ pretax

compensation. Participants vest immediately in their own contributions with 100% vesting in the Corporation’s contributions occurring after six years of credited service. The Corporation’s expense for the plan was approximately $276,000 and $303,000 for the fiscal years ended June 30, 2025 and 2024, respectively.

The Corporation has a multi-year employment agreement and a post-retirement compensation agreement with one executive officer. In addition, the Corporation has a transition agreement with the previous executive officer (currently the non-executive Chairman of the Board of Directors). At June 30, 2025 and 2024, the accrued liabilities of the post-retirement compensation agreements were $3.3 million and $5.7 million, respectively, with any costs (or recoveries) being accrued and expensed quarterly. In July 2024, the Corporation paid the post-retirement compensation benefit to the previous executive officer. For fiscal 2025 and 2024, the accrued expense (or recovery) for these liabilities was $178,000 and $85,000, respectively. The current obligation for these post-retirement benefits was fully funded consistent with contractual requirements and actuarially determined estimates of the total future obligation. The Corporation invests in BOLI to provide sufficient funding for these post-retirement obligations. As of June 30, 2025 and 2024, the total outstanding cash surrender value of the BOLI was $8.7 million and $8.6 million, respectively. For fiscal 2025 and 2024, total BOLI non-taxable income, net of mortality cost, was $184,000 and $186,000, respectively.

Employee Stock Ownership Plan (“ESOP”)

The Corporation established an ESOP on June 27, 1996 for all employees who are age 21 or older and have completed one year of service with the Corporation during which they have served a minimum of 1,000 hours.

The Corporation recognizes compensation expense when the Corporation contributes funds to the ESOP for the purchase of the Corporation’s common stock to be allocated to the ESOP participants. The Corporation's contribution to the ESOP plan is discretionary. During fiscal 2025 and 2024, there were 40,000 shares for each year that were purchased in the open market to fulfill the annual discretionary allocation. Since the annual contributions are discretionary, the benefits payable under the ESOP cannot be estimated.

Benefits generally become 100% vested after six years of credited service. Vesting accelerates upon retirement, death or disability of the participant or in the event of a change in control of the Corporation. Forfeitures are reallocated among remaining participating employees in the same proportion as contributions. Benefits are payable upon death, retirement, early retirement, disability or separation from service.

The net expense related to the ESOP for the fiscal years ended June 30, 2025 and 2024, was $592,000 and $540,000, respectively. Shares and cash contributions, if any, are allocated at the end of each calendar year. For the calendar years 2024 and 2023, the total ESOP allocation was 40,000 shares for each period.