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FAIR VALUE OF ASSETS AND LIABILITIES (Tables) | 6 Months Ended
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Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Summary Of Generally Accepted Accounting Principles | The following table summarizes financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 and June 30, 2023.
|  | December 31, 2023 |
(In thousands) |  | Carrying Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 15,724 |  |  | $ | 15,724 |  |  | $ | - |  |  | $ | - |  |  | $ | 15,724 |
Securities available for sale |  |  | 132 |  |  |  | - |  |  |  | 132 |  |  |  | - |  |  |  | 132 |
Securities held to maturity |  |  | 149,117 |  |  |  | - |  |  |  | 136,427 |  |  |  | - |  |  |  | 136,427 |
Federal Home Loan Bank of Boston stock |  |  | 950 |  |  |  | - |  |  |  | - |  |  |  | 950 |  |  |  | 950 |
Loans, net |  |  | 174,974 |  |  |  | - |  |  |  | - |  |  |  | 155,651 |  |  |  | 155,651 |
Accrued interest receivable |  |  | 1,467 |  |  |  | - |  |  |  | - |  |  |  | 1,467 |  |  |  | 1,467 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 257,940 |  |  |  | - |  |  |  | - |  |  |  | 239,860 |  |  |  | 239,860 |
Short-term borrowings |  |  | 8,800 |  |  |  | - |  |  |  | - |  |  |  | 8,800 |  |  |  | 8,800 |
Long-term borrowings |  |  | 10,300 |  |  |  | - |  |  |  | - |  |  |  | 10,329 |  |  |  | 10,329 |
|  | June 30, 2023 |
(In thousands) |  | Carrying Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 6,861 |  |  | $ | 6,861 |  |  | $ | - |  |  | $ | - |  |  | $ | 6,861 |
Securities available for sale |  |  | 146 |  |  |  | - |  |  |  | 146 |  |  |  | - |  |  |  | 146 |
Securities held to maturity |  |  | 147,902 |  |  |  | - |  |  |  | 132,273 |  |  |  | - |  |  |  | 132,273 |
Federal Home Loan Bank of Boston stock |  |  | 381 |  |  |  | - |  |  |  | - |  |  |  | 381 |  |  |  | 381 |
Loans, net |  |  | 175,911 |  |  |  | - |  |  |  | - |  |  |  | 157,505 |  |  |  | 157,505 |
Accrued interest receivable |  |  | 1,363 |  |  |  | - |  |  |  | - |  |  |  | 1,363 |  |  |  | 1,363 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 263,376 |  |  |  | - |  |  |  | - |  |  |  | 241,711 |  |  |  | 241,711 |
Short-term borrowings |  |  | 3,675 |  |  |  | - |  |  |  | - |  |  |  | 3,667 |  |  |  | 3,667 |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2C -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2C Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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