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Securities (Tables)
 9 Months Ended
Mar. 31, 2024
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, 2024:
           
U.S. Treasury
    $ 497      $ —       $ (54 )    $ 443  
U.S. Government and federal agency
      6,979        —         (412 )      6,567  
Mortgage-backed:
           
GSE residential
      198,279        41        (27,382 )      170,938  
Small Business Administration
      16,560        —         (2,359 )      14,201  
State and political subdivisions
      3,110        —         (2 )      3,108  
  
 
 
     
 
 
     
 
 
    
 
 
  
   $ 225,425      $ 41      $ (30,209 )    $ 195,257  
  
 
 
     
 
 
     
 
 
    
 
 
  
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 March 31, 2024, 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
    $ 4,001      $ 3,921  
One to five years
      3,691        3,558  
Five to ten years
      9,633        8,713  
After ten years
      9,821        8,127  
  
 
 
     
 
 
  
     27,146        24,319  
Mortgage-backed securities
      198,279        170,938  
  
 
 
     
 
 
  
Totals
    $ 225,425      $ 195,257  
  
 
 
     
 
 
  
Association's Investments Gross Unrealized Investment Losses and Fair Value of Association's Investments with Unrealized Losses
The following tables show the gross unrealized investment losses and the fair value of the Company’s investments for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2024 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
  
March 31, 2024:
                
U.S. Treasury
    $ —       $ —      $ 443      $ (54 )    $ 443      $ (54 ) 
U.S. Government and federal agency
      —         —        6,567        (412 )      6,567        (412 ) 
Mortgage-backed:
                
GSE residential
      3,227        (79 )      164,914        (27,303 )      168,141        (27,382 ) 
Small Business Administration
      —         —        14,201        (2,359 )      14,201        (2,359 ) 
State and political subdivisions
      1,050        (2 )      —         —        1,050        (2 ) 
  
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Total
    $ 4,277      $ (81 )    $ 186,125      $ (30,128 )    $ 190,402      $ (30,209 ) 
  
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
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
    $ 16,728      $ (506 )    $ 178,090      $ (29,889 )    $ 194,818      $ (30,395 )