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Securities (Tables)

3 Months Ended

Sep. 30, 2021

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Approximate Fair Value of Securities, Together with Gross Unrealized Gains and Losses of Securities

The amortized cost and approximate fair value of securities, together with gross unrealized gains and losses, of securities are as follows:

		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Available-for-sale securities:
September 30, 2021:
U.S. Treasury		$	991			$	4			$	—			$	995
U.S. Government and federal agency			7,519				472				—				7,991
Mortgage-backed:
GSE residential			177,066				3,549				(1,853	)			178,762
Small Business Administration			10,872				85				(147	)			10,810
State and political subdivisions			1,251				—				—				1,251
		$	197,699			$	4,110			$	(2,000	)		$	199,809
June 30, 2021:
U.S. Treasury		$	990			$	6			$	—			$	996
U.S. Government and federal agency			7,522				517				—				8,039
Mortgage-backed:
GSE residential			167,711				4,011				(1,307	)			170,415
Small Business Administration			9,115				105				(30	)			9,190
State and political subdivisions			1,251				—				—				1,251
		$	186,589			$	4,639			$	(1,337	)		$	189,891

Amortized Cost and Fair Value of Available for Sale Securities by Contractual Maturity

		Available-for-sale Securities
		Amortized Cost				Fair Value
Within one year		$	—			$	—
One to five years			6,027				6,407
Five to ten years			6,765				6,883
After ten years			7,841				7,757
			20,633				21,047
Mortgage-backed securities			177,066				178,762
Totals		$	197,699			$	199,809

Association's Investments Gross Unrealized Investment Losses and Fair Value of Association's Investments with Unrealized Losses

The following table shows the Company’s gross unrealized investment losses and the fair value of the Company’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2021 and June 30, 2021:

		Less Than 12 Months								12 Months or More								Total
Description of Securities		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
September 30, 2021:
Mortgage-backed:
GSE residential		$	75,522			$	(1,604	)		$	9,343			$	(249	)		$	84,865			$	(1,853	)
Small Business Administration			5,796				(147	)			—				—				5,796				(147	)
Total temporarily impaired securities		$	81,318			$	(1,751	)		$	9,343			$	(249	)		$	90,661			$	(2,000	)
June 30, 2021:
Mortgage-backed:
GSE residential		$	75,002				(1,259	)			4,160				(48	)			79,162				(1,307	)
Small Business Administration			5,956				(30	)			—				—				5,956				(30	)
Total temporarily impaired securities		$	80,958			$	(1,289	)		$	4,160			$	(48	)		$	85,118			$	(1,337	)

X

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

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- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

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- Definition

Tabular disclosure of investments in an unrealized loss position for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), including: (a) the aggregate related fair value of investments with unrealized losses, (b) the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27290-111563

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