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Securities (Tables)

3 Months Ended

Sep. 30, 2022

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, 2022:
U.S. Treasury		$	3,485			$	—			$	(121	)		$	3,364
U.S. Government and federal agency			9,487				—				(633	)			8,854
Mortgage-backed:
GSE residential			204,621				—				(29,194	)			175,427
Small Business Administration			17,379				—				(2,146	)			15,233
State and political subdivisions			3,749				—				(8	)			3,741
		$	238,721			$	—			$	(32,102	)		$	206,619
June 30, 2022:
U.S. Treasury		$	3,483			$	—			$	(83	)		$	3,400
U.S. Government and federal agency			9,488				—				(367	)			9,121
Mortgage-backed:
GSE residential			210,367				47				(22,229	)			188,185
Small Business Administration			17,960				3				(1,521	)			16,442
State and political subdivisions			3,754				4				—				3,758
		$	245,052			$	54			$	(24,200	)		$	220,906

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

The amortized cost and fair value of available-for-sale securities at September 30, 2022, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

		Available-for-sale Securities
		Amortized Cost				Fair Value
Within one year		$	2,001			$	1,975
One to five years			9,077				8,683
Five to ten years			10,547				9,639
After ten years			12,475				10,895
			34,100				31,192
Mortgage-backed securities			204,621				175,427
Totals		$	238,721			$	206,619

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, 2022 and June 30, 2022:

		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, 2022:
U.S. Treasury		$	2,932			$	(57	)		$	432			$	(64	)		$	3,364			$	(121	)
U.S. Government and federal agency			8,854				(633	)			—				—				8,854				(633	)
Mortgage-backed:
GSE residential			102,542				(11,120	)			72,885				(18,074	)			175,427				(29,194	)
Small Business Administration			9,012				(850	)			6,221				(1,296	)			15,233				(2,146	)
State and political subdivisions			1,079				(8	)			—				—				1,079				(8	)
Total temporarily impaired securities		$	124,419			$	(12,668	)		$	79,538			$	(19,434	)		$	203,957			$	(32,102	)
June 30, 2022:
U.S. Treasury		$	3,400			$	(83	)		$	—			$	—			$	3,400			$	(83	)
U.S. Government and federal agency			9,121				(367	)			—				—				9,121				(367	)
Mortgage-backed:
GSE residential			144,042				(15,267	)			37,587				(6,962	)			181,629				(22,229	)
Small Business Administration			12,955				(1,160	)			2,028				(361	)			14,983				(1,521	)
Total temporarily impaired securities		$	169,518			$	(16,877	)		$	39,615			$	(7,323	)		$	209,133			$	(24,200	)

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI https://asc.fasb.org/topic&trid=2196928

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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

No definition available.

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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 https://asc.fasb.org/extlink&oid=126970911&loc=d3e27290-111563

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