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Stock-based Compensation (Tables)

3 Months Ended

Sep. 30, 2022

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of ESOP Shares

A summary of ESOP shares at September 30, 2022 and June 30, 2022 are as follows (dollars in thousands):

		September 30, 2022				June 30, 2022
Allocated shares			180,017				160,772
Shares committed for release			4,811				19,245
Unearned shares			168,394				173,205
Total ESOP shares			353,222				353,222
Fair value of unearned ESOP shares (1)		$	3,194			$	3,291

(1) Based on closing price of $18.97 and $19.00 per share on September 30, 2022, and June 30, 2022, respectively.

Summary of Stock Option Activity

The following table summarizes stock option activity for the three months ended September 30, 2022 (dollars in thousands):

		Options				Weighted-Average Exercise Price/Share				Weighted-Average Remaining Contractual Life (in years)				Aggregate Intrinsic Value
Outstanding, June 30, 2022			134,143			$	16.63
Granted			—				—
Exercised			27,000				16.63
Forfeited			—				—
Outstanding, September 30, 2022			107,143			$	16.63				1.2			$	251	(1)
Exercisable, September 30, 2022			107,143			$	16.63				1.2			$	251	(1)

(1) Based on closing price of $18.97 per share on September 30, 2022.

Summary of Non-vested Restricted Stock Activity

The following table summarizes non-vested restricted stock activity for the three months ended September 30, 2022:

		Shares				Weighted-Average Grant- Date Fair Value
Balance, June 30, 2022			18,876			$	16.79
Granted			53,000				19.10
Forfeited			—				—
Earned and issued			—				—
Balance, September 30, 2022			71,876			$	17.57

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure of the details pertaining to each employee stock ownership plan.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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