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Leases (Tables)

9 Months Ended

Mar. 31, 2025

Schedule of supplemental information related to leases


		As of
(In Thousands)		March 31, 2025				June 30, 2024
Condensed Consolidated Statements of Condition:

Operating Leases:
Premises and equipment - Operating lease right-of-use assets		$	1,801		$	1,356
Accounts payable, accrued interest and other liabilities – Operating lease liabilities		$	1,838		$	1,407

Finance Leases:
Premises and equipment at cost		$	84		$	—
Accumulated amortization			(4)			—
Premises and equipment - Finance lease right-of-use assets		$	80		$	—

Borrowings - Finance lease liabilities		$	80		$	—


		Quarter Ended						Nine Months Ended
		March 31,						March 31,
(In Thousands)		2025				2024		2025				2024
Condensed Consolidated Statements of Operations:

Operating lease expense:
Premises and occupancy expenses from operating leases⁽¹⁾		$	167		$	188		$	517		$	613
Equipment expenses from operating leases⁽¹⁾			6			34			75			103
Total operating lease expense			173			222			592			716

Finance lease expense:
Equipment expenses from finance leases⁽¹⁾			7			—			7			—
Interest on finance lease liabilities			1			—			1			—
Total finance lease expense			8			—			8			—

Total lease expense		$	181		$	222		$	600		$	716

(1)	Includes immaterial variable lease costs.


		Nine Months Ended			Nine Months Ended
(In Thousands)		March 31, 2025			March 31, 2024
Condensed Consolidated Statements of Cash Flows:
Operating cash flows from operating leases, net		$	592		$	666
Operating cash flows from finance leases, net		$	4		$	—
Financing cash flows from finance leases, net		$	4		$	—

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	979		$	68
Finance leases		$	84		$	—

Schedule of remaining minimum contractual lease payments and other information associated with leases


	Operating Leases				Finance Leases
	Amount⁽¹⁾				Amount⁽¹⁾
Fiscal Year Ending June 30,	(In Thousands)				(In Thousands)
Remainder of fiscal 2025	$	173			$	8
Fiscal 2026		695				30
Fiscal 2027		506				30
Fiscal 2028		436				17
Fiscal 2029		141				—
Thereafter		11				—
Total contract lease payments	$	1,962			$	85

Total liability to make lease payments	$	1,838			$	80
Difference in undiscounted and discounted future lease payments	$	124			$	5
Weighted average discount rate		3.85	%			4.50	%
Weighted average remaining lease term (years)		3.1				2.8

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