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Stock-based Compensation (Tables)

9 Months Ended

Mar. 31, 2023

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

Summary of ESOP Shares

A summary of ESOP shares at March 31, 2023 and June 30, 2022 are as follows (dollars in thousands):

		March 31, 2023				June 30, 2022
Allocated shares			162,986				160,772
Shares committed for release			14,434				19,245
Unearned shares			158,771				173,205
Total ESOP shares			336,191				353,222
Fair value of unearned ESOP shares (1)		$	2,467			$	3,291

(1) Based on closing price of $15.54 and $19.00 per share on March 31, 2023, and June 30, 2022, respectively.

Summary of Stock Option Activity

The following table summarizes stock option activity for the nine months ended March 31, 2023 (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			44,000				16.63
Forfeited			—				—
Outstanding, March 31, 2023			90,143			$	16.63				0.7			$	—	(1)
Exercisable, March 31, 2023			90,143			$	16.63				0.7			$	—	(1)

(1) Based on closing price of $15.54 per share on March 31, 2023.

Summary of Non-vested Restricted Stock Activity

The following table summarizes non-vested restricted stock activity for the nine months ended March 31, 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, March 31, 2023			62,314			$	18.76

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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
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-Section 50
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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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