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Stock-based Compensation (Tables) | 12 Months Ended
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Jun. 30, 2023
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Summary of ESOP Shares | A summary of ESOP shares at June 30, 2023 and 2022 are as follows (dollars in thousands):
|  | 2023 |  |  | 2022 |
Allocated shares |  |  | 162,986 |  |  |  | 160,772 |
Shares committed for release |  |  | 19,245 |  |  |  | 19,245 |
Unearned shares |  |  | 153,960 |  |  |  | 173,205 |
Total ESOP shares |  |  | 336,191 |  |  |  | 353,222 |
Fair value of unearned ESOP shares (1) |  | $ | 2,223 |  |  | $ | 3,291 |
(1) | Based on closing price of $14.44 and $19.00 per share on June 30, 2023, and 2022, respectively.
Summary of Stock Option Activity | The following table summarizes stock option activity for the year ended June 30, 2023 (dollars in thousands):
|  | Shares |  |  | Weighted- Average Exercise Price/Share |  |  | Weighted- Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value |
Outstanding, June 30, 2022 |  |  | 134,143 |  |  | $ | 16.63 |  |  |  |  |  |  |  |  |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Exercised |  |  | 44,000 |  |  |  | 16.63 |  |  |  |  |  |  |  |  |
Forfeited |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Outstanding, June 30, 2023 |  |  | 90,143 |  |  | $ | 16.63 |  |  |  | 0.4 |  |  | $ | — | (1)
Exercisable, June 30, 2023 |  |  | 90,143 |  |  | $ | 16.63 |  |  |  | 0.4 |  |  | $ | — | (1)
(1) | Based on closing price of $14.44 per share on June 30, 2023.
Summary of Non-vested Restricted Stock Activity | The following table summarizes non-vested restricted stock activity for the year ended June 30, 2023:
|  | Shares |  |  | Weighted- Average Grant-Date Fair Value |
Balance, June 30, 2022 |  |  | 18,876 |  |  | $ | 16.82 |
Granted |  |  | 53,000 |  |  |  | 19.10 |
Forfeited |  |  | — |  |  |  | — |
Earned and issued |  |  | 9,562 |  |  |  | 16.83 |
Balance, June 30, 2023 |  |  | 62,314 |  |  |  | 18.76 |

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the details pertaining to each employee stock ownership plan. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480489/718-40-50-1 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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