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Investment Securities (Tables)

6 Months Ended

Dec. 31, 2024

Investment Securities

Schedule of available-for-sale securities reconciliation


					Gross			Gross			Estimated
		Amortized			Unrealized			Unrealized			Fair			Carrying
December 31, 2024		Cost			Gains			(Losses)			Value			Value
(In Thousands)
Held to maturity
U.S. government sponsored enterprise MBS⁽¹⁾		$	114,817		$	118		$	(13,704)		$	101,231		$	114,817
U.S. government sponsored enterprise CMO⁽²⁾			3,686			—			(175)			3,511			3,686
U.S. SBA securities⁽³⁾			385			—			(3)			382			385
Total investment securities - held to maturity			118,888			118			(13,882)			105,124			118,888

Available for sale
U.S. government agency MBS⁽¹⁾			1,147			6			(1)			1,152			1,152
U.S. government sponsored enterprise MBS⁽¹⁾			508			10			—			518			518
Private issue CMO⁽²⁾			81			—			(1)			80			80
Total investment securities - available for sale			1,736			16			(2)			1,750			1,750
Total investment securities		$	120,624		$	134		$	(13,884)		$	106,874		$	120,638

(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 December 31, 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		$	—		$	—		$	96,609		$	13,704		$	96,609		$	13,704
U.S. government sponsored enterprise CMO			—			—			3,510			175			3,510			175
U.S. SBA securities			382			3			—			—			382			3
Total investment securities - held to maturity			382			3			100,119			13,879			100,501			13,882

Available for sale
U.S government agency MBS			—			—			381			1			381			1
Private issue CMO			64			—			17			1			81			1
Total investment securities - available for sale			64			—			398			2			462			2
Total investment securities		$	446		$	3			100,517		$	13,881		$	100,963		$	13,884


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


		December 31, 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		$	334		$	332		$	349		$	343
Due after one through five years			3,201			3,117			4,328			4,167
Due after five through ten years			43,776			40,366			49,331			44,830
Due after ten years			71,577			61,309			76,043			65,053
Total investment securities - held to maturity			118,888			105,124			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			1,579			1,593			1,055			1,053
Due after ten years			157			157			806			796
Total investment securities - available for sale			1,736			1,750			1,861			1,849
Total investment securities		$	120,624		$	106,874		$	131,912		$	116,242