XML 39 R29.htm IDEA: XBRL DOCUMENT v3.25.0.1
Securities (Tables)
 6 Months Ended
Dec. 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, of securities are as follows:
 
    
Amortized
Cost
     
Gross
Unrealized
Gains
     
Gross
Unrealized
Losses
     
Fair Value
  
Available-for-sale
securities:
            
December 31, 2024:
            
U.S. Government and federal agency
    $ 3,982      $ —       $ (245 )     $ 3,737  
Mortgage-backed:
            
GSE residential
      188,708        —         (25,873 )       162,835  
Small Business Administration
      15,720        —         (2,183 )       13,537  
State and political subdivisions
      2,783        —         (2 )       2,781  
  
 
 
     
 
 
     
 
 
     
 
 
  
   $ 211,193      $ —       $ (28,303 )     $ 182,890  
  
 
 
     
 
 
     
 
 
     
 
 
  
June 30, 2024:
            
U.S. Treasury
    $ 497      $ —       $ (53 )     $ 444  
U.S. Government and federal agency
      6,979        —         (370 )       6,609  
Mortgage-backed:
            
GSE residential
      192,556        41        (26,361 )       166,236  
Small Business Administration
      16,387        —         (2,301 )       14,086  
State and political subdivisions
      3,104        —         (4 )       3,100  
  
 
 
     
 
 
     
 
 
     
 
 
  
   $ 219,523      $ 41      $ (29,089 )     $ 190,475  
  
 
 
     
 
 
     
 
 
     
 
 
  
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, 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
    $ 3,034      $ 3,025  
One to five years
      3,910        3,613  
Five to ten years
      6,259        5,766  
After ten years
      9,282        7,651  
  
 
 
     
 
 
  
     22,485        20,055  
Mortgage-backed securities
      188,708        162,835  
  
 
 
     
 
 
  
Totals
    $ 211,193      $ 182,890  
  
 
 
     
 
 
  
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, 2024 and June 30, 2024: 
 
    
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, 2024:
                
U.S. Government and federal agency
    $ —       $ —      $ 3,737      $ (245 )    $ 3,737      $ (245 ) 
Mortgage-backed:
                
GSE residential
      8,559        (251 )      154,276        (25,622 )      162,835        (25,873 ) 
Small Business Administration
      1,230        (42 )      12,307        (2,141 )      13,537        (2,183 ) 
State and political subdivisions
      1,033        (2 )      —         —        1,033        (2 ) 
  
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Total 
    $ 10,822      $ (295 )    $ 170,320      $ (28,008 )    $ 181,142      $ (28,303 ) 
  
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
June 30, 2024:
                
U.S. Treasury
    $ —       $ —      $ 444      $ (53 )    $ 444      $ (53 ) 
U.S. Government and federal agency
      —         —        6,609        (370 )      6,609        (370 ) 
Mortgage-backed:
                
GSE residential
      945        (1 )      162,525        (26,360 )      163,470        (26,361 ) 
Small Business Administration
      —         —        14,086        (2,301 )      14,086        (2,301 ) 
State and political subdivisions
      1,043        (4 )      —         —        1,043        (4 ) 
  
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Total
    $ 1,988      $ (5 )    $ 183,664      $ (29,084 )    $ 185,652      $ (29,089 )