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Securities (Tables)

9 Months Ended

Mar. 31, 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 value of securities, together with gross unrealized gains and losses on securities, are as follows:

		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value
Available-for-sale securities:
March 31, 2023:
U.S. Treasury		$	1,496			$	—			$	(54	)		$	1,442
U.S. Government and federal agency			6,976				—				(437	)			6,539
Mortgage-backed:
GSE residential			204,128				121				(24,030	)			180,219
Small Business Administration			17,910				70				(1,918	)			16,062
State and political subdivisions			3,437				—				(6	)			3,431
		$	233,947			$	191			$	(26,445	)		$	207,693
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 March 31, 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.

		Available-for-sale Securities
		Amortized Cost				Fair Value
Within one year		$	1,000			$	995
One to five years			5,957				5,735
Five to ten years			10,989				10,343
After ten years			11,873				10,401
			29,819				27,474
Mortgage-backed securities			204,128				180,219
Totals		$	233,947			$	207,693

Association's Investments Gross Unrealized Investment Losses and Fair Value of Association's Investments with Unrealized Losses

The following table shows the 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 March 31, 2023 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
March 31, 2023:
U.S. Treasury		$	—			$	—			$	1,442			$	(54	)		$	1,442			$	(54	)
U.S. Government and federal agency			1,949				(46	)			4,590				(391	)			6,539				(437	)
Mortgage-backed:
GSE residential			29,284				(852	)			140,627				(23,178	)			169,911				(24,030	)
Small Business Administration			2,454				(76	)			12,221				(1,842	)			14,675				(1,918	)
State and political subdivisions			1,070				(6	)			—				—				1,070				(6	)
Total		$	34,757			$	(980	)		$	158,880			$	(25,465	)		$	193,637			$	(26,445	)
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		$	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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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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