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Securities (Tables)
 3 Months Ended
Sep. 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 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:
                                    
September 30, 2023:
                                    
U.S. Treasury
    $ 497      $ —       $ (67 )     $ 430  
U.S. Government and federal agency
      6,977        —         (550 )       6,427  
Mortgage-backed:
                                    
GSE residential
      200,573        —         (33,995 )       166,578  
Small Business Administration
      17,174        —         (2,906 )       14,268  
State and political subdivisions
      3,426        —         (17 )       3,409  
    
 
 
     
 
 
     
 
 
     
 
 
  
     $ 228,647      $ —       $ (37,535 )     $ 191,112  
    
 
 
     
 
 
     
 
 
     
 
 
  
June 30, 2023:
                                    
U.S. Treasury
    $ 497      $ —       $ (59 )     $ 438  
U.S. Government and federal agency
      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  
    
 
 
     
 
 
     
 
 
     
 
 
  
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, 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
    $ —       $ —   
One to five years
      5,852        5,533  
Five to ten years
      10,850        9,659  
After ten years
      11,372        9,342  
    
 
 
     
 
 
  
       28,074        24,534  
Mortgage-backed securities
      200,573        166,578  
    
 
 
     
 
 
  
Totals
    $ 228,647      $ 191,112  
    
 
 
     
 
 
  
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, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2023 and June 30, 2023:
 
    
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, 2023:
                                                    
U.S. Treasury
    $ —       $ —      $ 430      $ (67 )    $ 430      $ (67 ) 
U.S. Government and federal agency
      —         —        6,427        (550 )      6,427        (550 ) 
Mortgage-backed:
                                                    
GSE residential
      12,377        (441 )      154,201        (33,554 )      166,578        (33,995 ) 
Small Business Administration
      1,198        (52 )      13,070        (2,854 )      14,268        (2,906 ) 
State and political subdivisions
      —         —        1,047        (17 )      1,047        (17 ) 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Total temporarily impaired securities
    $ 13,575      $ (493 )    $ 175,175      $ (37,042 )    $ 188,750      $ (37,535 ) 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
 
June 30, 2023:
                                                    
U.S. Treasury
    $ —       $ —      $ 438      $ (59 )    $ 438      $ (59 ) 
U.S. Government and federal agency
      —         —        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 temporarily impaired securities
    $ 16,728      $ (506 )    $ 178,090      $ (29,889 )    $ 194,818      $ (30,395 )