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Other Borrowings
6 Months Ended
Dec. 31, 2024
Federal Home Loan Banks [Abstract]  
Other Borrowings
Note 8: Other Borrowings
The Federal Home Loan Bank advances totaled $98,999,000 and $32,999,000 as of December 31, 2024 and June 30, 2024, respectively. The Federal Home Loan Bank advances are secured by mortgage, multi-family, commercial real estate and HELOC loans totaling $417,652,000 at December 31, 2024 and $408,196,000 at June 30, 2024, and are subject to restrictions or penalties in the event of prepayment. Interest rates on advances were from 0 to 5.29 percent with
 
maturities from 2024 to 2030 at December 31, 2024, while interest rates on advances were from 0.00 to 5.29 percent with maturities from 2024 to 2030 at June 30, 2024. At December 31, 2024, the Company’s advances included 7 advances at a rate of 0% totaling $1,499,000 as part of the Federal Home Loan Bank Community Small Business Advance program.
Other borrowings include borrowings from the Federal Reserve Bank Term Funding Program (BTFP). At December 31, 2024, the Company had no borrowings from the Federal Reserve BTFP, while at June 30, 2024, the Company had total borrowings from the Federal Reserve BTFP of $25,250,000 at a rate of 4.76% with a maturity of January 16, 2025. The collateral par value of securities pledged to the Federal Reserve BTFP was $0 and $25,272,000 as of December 31, 2024 and June 30, 2024, respectively.