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Loan Servicing
 12 Months Ended
Jun. 30, 2021
Transfers and Servicing [Abstract]  
Loan Servicing
Note 5: Loan Servicing
Mortgage loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balance of mortgage loans serviced for others was $138,119,000 and $116,696,000 at June 30, 2021 and 2020, respectively.
Custodial escrow balances in connection with the foregoing loan servicing were $747,000 and $672,000 at June 30, 2021 and 2020, respectively.
The aggregate fair value of capitalized mortgage servicing rights at June 30, 2021 and 2020 was $1,013,000 and $715,000, respectively. Comparable market values and a valuation model that calculates the present value of future cash flows were used to estimate fair value. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as costs to service, a discount rate, custodial earnings rate, default rates and losses and prepayment speeds.
The following summarizes the activity in mortgage servicing rights measured using the fair value method:
 
   
2021
   
2020
 
Fair value, beginning of period
  $715   $853 
Additions:
          
Servicing assets resulting from asset transfers
   433    255 
Subtractions:
          
Payments received and loans refinanced
   (299)    (99) 
Changes in fair value, due to changes in valuation inputs or assumptions
   164    (294) 
   
 
 
   
 
 
 
Fair value, end of period
  $1,013   $715 
   
 
 
   
 
 
 
For purposes of measuring impairment, risk characteristics including product type, investor type, and interest rates, were used to stratify the originated mortgage servicing rights.