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Securities (Tables)
 6 Months Ended
Dec. 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, of securities are as
follows
:
 
    
Amortized
Cost
     
Gross
Unrealized
Gains
     
Gross
Unrealized
Losses
     
Fair Value
  
Available-for-sale
securities:
            
December 31, 2023:
            
U.S. Treasury
    $ 496      $ —       $ (49 )     $ 447  
U.S. Government and federal agency
      6,978        —         (394 )       6,584  
Mortgage-backed:
            
GSE residential
      198,149        76        (25,332 )       172,893  
Small Business Administration
      16,919        —         (2,265 )       14,654  
State and political subdivisions
      5,430        1        (79 )       5,352  
  
 
 
     
 
 
     
 
 
     
 
 
  
   $ 227,972      $ 77      $ (28,119 )     $ 199,930  
  
 
 
     
 
 
     
 
 
     
 
 
  
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 December 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
    $ 16,406      $ 15,331  
One to five years
      4,601        4,406  
Five to ten years
      1,134        1,082  
After ten years
      7,682        6,218  
  
 
 
     
 
 
  
     29,823        27,037  
Mortgage-backed securities
      198,149        172,893  
  
 
 
     
 
 
  
Totals
    $ 227,972      $ 199,930  
  
 
 
     
 
 
  
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 December 31, 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
  
December 31, 2023:
                
U.S. Treasury
    $ —       $ —      $ 447      $ (49 )    $ 447      $ (49 ) 
U.S. Government and federal agency
      —         —        6,584        (394 )      6,584        (394 ) 
Mortgage-backed:
                
GSE residential
      6,268        (179 )      162,826        (25,153 )      169,092        (25,332 ) 
 
Small Business Administration
      1,238        (19 )      13,414        (2,246 )      14,654        (2,265 ) 
State and political subdivisions
      —         —        2,235        (79 )      2,235        (79 ) 
  
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Total temporarily impaired securities
    $ 7,506      $ (198 )    $ 185,506      $ (27,921 )    $ 193,012      $ (28,119 ) 
  
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
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 )