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Leases (Tables)
12 Months Ended
Jun. 30, 2025
Leases  
Schedule of supplemental information related to leases

    

As of June 30, 

(In Thousands)

2025

2024

Consolidated Statements of Condition:

 

  

 

  

Operating Leases:

Premises and equipment - Operating lease right of use assets

$

1,651

 

$

1,356

Accounts payable, accrued interest and other liabilities – Operating lease liabilities

$

1,682

$

1,407

Finance Leases:

Premises and equipment at cost

$

84

$

Accumulated amortization

(9)

Premises and equipment - Finance lease right-of-use assets

$

75

$

Borrowings - Finance lease liabilities

$

73

 

$

Year Ended June 30, 

2025

2024

Consolidated Statements of Operations:

 

  

 

  

Operating lease expense:

Premises and occupancy expenses from operating leases(1)

$

685

 

$

789

Equipment expenses from operating leases(1)

74

 

138

Total operating lease expense

759

927

Finance lease expense:

Equipment expenses from finance leases(1)

13

Interest on finance lease liabilities

2

Total finance lease expense

15

Total lease expense

$

774

$

927

(1) Includes immaterial variable lease costs.

Year Ended June 30, 

2025

2024

Consolidated Statements of Cash Flows:

 

  

 

 

  

Operating cash used for operating leases, net

$

765

$

884

Operating cash used for finance leases, net

$

5

$

Financing cash used for finance leases, net

$

11

$

Right-of-use assets obtained in exchange for lease obligations:

Operating leases

$

979

$

68

Finance leases

$

84

 

$

Schedule of remaining minimum contractual operating lease payments

The following table provides information related to remaining minimum contractual lease payments and other information associated with the Corporation’s leases as of June 30, 2025:

Operating Leases

Finance Leases

    

Amount(1)

 

Amount(1)

 

Year Ending June 30, 

 

(In Thousands)

(In Thousands)

2026

$

695

$

30

2027

 

506

30

2028

 

436

17

2029

 

141

2030

 

11

Thereafter

 

Total contract lease payments

$

1,789

$

77

Total liability to make lease payments

$

1,682

$

73

Difference in undiscounted and discounted future lease payments

$

107

$

4

Weighted average discount rate

 

3.88

%

4.50

%

Weighted average remaining lease term (years)

 

2.9

2.6

(1)Contractual base rents do not include property taxes and other operating expenses due under respective lease agreements.
Schedule of remaining minimum contractual finance lease payments

The following table provides information related to remaining minimum contractual lease payments and other information associated with the Corporation’s leases as of June 30, 2025:

Operating Leases

Finance Leases

    

Amount(1)

 

Amount(1)

 

Year Ending June 30, 

 

(In Thousands)

(In Thousands)

2026

$

695

$

30

2027

 

506

30

2028

 

436

17

2029

 

141

2030

 

11

Thereafter

 

Total contract lease payments

$

1,789

$

77

Total liability to make lease payments

$

1,682

$

73

Difference in undiscounted and discounted future lease payments

$

107

$

4

Weighted average discount rate

 

3.88

%

4.50

%

Weighted average remaining lease term (years)

 

2.9

2.6

(1)Contractual base rents do not include property taxes and other operating expenses due under respective lease agreements.