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Securities (Tables)
 12 Months Ended
Jun. 30, 2023
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 values, 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:
            
June 30, 2023:
            
U.S. Treasury
    $ 497      $ —        $ (59 )     $ 438  
U.S. Government and federal agency and Government sponsored enterprises (GSEs)
      6,976        —          (499 )       6,477  
Mortgage-backed:
            
GSE residential
      203,139        21        (27,434 )       175,726  
Small Business Administration
      17,629        1        (2,397 )       15,233  
State and political subdivisions
      3,431        —          (6 )       3,425  
  
 
 
     
 
 
     
 
 
     
 
 
  
   $ 231,672      $ 22      $ (30,395 )     $ 201,299  
  
 
 
     
 
 
     
 
 
     
 
 
  
June 30, 2022:
            
U.S. Treasury
    $ 3,483      $ —        $ (83 )     $ 3,400  
U.S. Government and federal agency and Government sponsored enterprises (GSEs)
      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 June 30, 2023, 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.
 
    
Amortized
Cost
     
Fair Value
  
Within one year
    $ —        $ —    
One to five years
      5,956        5,653  
Five to ten years
      10,996        10,042  
After ten years
      11,581        9,878  
  
 
 
     
 
 
  
     28,533        25,573  
Mortgage-backed securities
      203,139        175,726  
  
 
 
     
 
 
  
Totals
    $ 231,672      $ 201,299  
  
 
 
     
 
 
  
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 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at June 30, 2023 and 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
  
June 30, 2023:
                
U.S. Treasury
    $ —        $ —       $ 438      $ (59 )    $ 438      $ (59 ) 
U.S. Government and federal agency and Government sponsored enterprises (GSEs)
      —          —         6,477        (499 )      6,477        (499 ) 
Mortgage-backed:
                
GSE residential
      14,517        (440 )      158,413        (26,994 )      172,930        (27,434 ) 
Small Business Administration
      1,148        (60 )      12,762        (2,337 )      13,910        (2,397 ) 
State and political subdivisions
      1,063        (6 )      —          —         1,063        (6 ) 
  
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Total
    $ 16,728      $ (506 )    $ 178,090      $ (29,889 )    $ 194,818      $ (30,395 ) 
  
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
June 30, 2022:
                
U.S. Treasury
    $ 3,400      $ (83 )    $ —        $ —       $ 3,400      $ (83 ) 
U.S. Government and federal agency and Government sponsored enterprises (GSEs)
      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
    $ 169,518      $ (16,877 )    $ 39,615      $ (7,323 )    $ 209,133      $ (24,200 )