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Disclosures About Fair Value of Assets and Liabilities (Tables) | 9 Months Ended
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Mar. 31, 2020
Fair Value Disclosures [Abstract] |
Schedule of financial assets measured at fair value on a recurring basis |
|  | Fair Value Measurements Using |
(in thousands) |  | Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Agency bonds |  | $ | 506 |  |  | $ | – |  |  | $ | 506 |  |  | $ | – |
Agency mortgage-backed: residential |  |  | 39 |  |  |  | – |  |  |  | 39 |  |  |  | – |
|  | $ | 545 |  |  | $ | – |  |  | $ | 545 |  |  | $ | – |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury notes |  | $ | 497 |  |  | $ | – |  |  | $ | 497 |  |  | $ | – |
Agency bonds |  |  | 505 |  |  |  | – |  |  |  | 505 |  |  |  | – |
Agency mortgage-backed: residential |  |  | 43 |  |  |  | – |  |  |  | 43 |  |  |  | – |
|  | $ | 1,045 |  |  | $ | – |  |  | $ | 1,045 |  |  | $ | – |
Schedule of assets measured at fair value on a non-recurring basis |
|  | Fair Value Measurements Using |
(in thousands) |  | Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Other real estate owned, net |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family |  | $ | 577 |  |  |  | – |  |  |  | – |  |  | $ | 577 |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family |  | $ | 593 |  |  | $ | – |  |  | $ | – |  |  | $ | 593 |
Other real estate owned, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One- to four-family |  | $ | 117 |  |  | $ | – |  |  | $ | – |  |  | $ | 117 |
Schedule of fair value measurements for financial instruments measured at fair value on a non-recurring basis |
|  |  |  |  |  |  |  |  | Range
|  | Fair Value |  |  | Valuation |  | Unobservable |  | (Weighted
March 31, 2020 |  | (in thousands) |  |  | Technique(s) |  | Input(s) |  | Average)
Foreclosed and repossessed assets: |  |  |  |  |  |  |  |  |  |
One- to four-family |  | $ | 577 |  |  | Sales comparison approach |  | Adjustments for differences between comparable sales |  | -2.7% to 41.2% (17.9%)
|  |  |  |  |  |  |  |  | Range
|  | Fair Value |  |  | Valuation |  | Unobservable |  | (Weighted
June 30, 2019 |  | (in thousands) |  |  | Technique(s) |  | Input(s) |  | Average)
Loans: |  |  |  |  |  |  |  |  |
One- to four-family |  | $ | 593 |  |  | Sales comparison approach |  | Adjustment for differences between comparable sales |  | 25.3% to -50.6% (-5.2%)
Foreclosed and repossessed assets: |  |  |  |  |  |  |  |  |  |
One- to four-family |  | $ | 117 |  |  | Sales comparison approach |  | Adjustments for differences between comparable sales |  | 8.6% to 31.0% (29.0%)
Schedule of foregoing methods and assumptions, the carrying value and fair value |
|  |  |  |  | Fair Value Measurements at |
|  | Carrying |  |  | March 31, 2020 Using |
(in thousands) |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 17,025 |  |  | $ | 17,025 |  |  |  |  |  |  |  |  |  |  | $ | 17,025 |
Time deposits in other financial institutions |  |  | 2,723 |  |  |  | 2,742 |  |  |  |  |  |  |  |  |  |  |  | 2,742 |
Available-for-sale securities |  |  | 545 |  |  |  |  |  |  | $ | 545 |  |  |  |  |  |  |  | 545 |
Held-to-maturity securities |  |  | 625 |  |  |  |  |  |  |  | 641 |  |  |  |  |  |  |  | 641 |
Loans held for sale |  |  | 560 |  |  |  |  |  |  |  |  |  |  | $ | 585 |  |  |  | 585 |
Loans receivable - net |  |  | 278,639 |  |  |  |  |  |  |  |  |  |  |  | 292,765 |  |  |  | 292,765 |
Federal Home Loan Bank stock |  |  | 6,498 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | n/a |
Accrued interest receivable |  |  | 712 |  |  |  |  |  |  |  | 712 |  |  |  |  |  |  |  | 712 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 208,555 |  |  | $ | 71,275 |  |  | $ | 137,757 |  |  |  |  |  |  |  | 209,032 |
Federal Home Loan Bank advances |  |  | 55,042 |  |  |  |  |  |  |  | 55,681 |  |  |  |  |  |  |  | 55,681 |
Advances by borrowers for taxes and insurance |  |  | 517 |  |  |  |  |  |  |  | 517 |  |  |  |  |  |  |  | 517 |
Accrued interest payable |  |  | 33 |  |  |  |  |  |  |  | 33 |  |  |  |  |  |  |  | 33 |
|  |  |  |  | Fair Value Measurements at |
|  | Carrying |  |  | June 30, 2019 Using |
(in thousands) |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 9,861 |  |  | $ | 9,861 |  |  |  |  |  |  |  |  |  |  | $ | 9,861 |
Term deposits in other financial institutions |  |  | 6,962 |  |  |  | 6,963 |  |  |  |  |  |  |  |  |  |  |  | 6,963 |
Available-for-sale securities |  |  | 1,045 |  |  |  |  |  |  | $ | 1,045 |  |  |  |  |  |  |  | 1,045 |
Held-to-maturity securities |  |  | 775 |  |  |  |  |  |  |  | 775 |  |  |  |  |  |  |  | 775 |
Loans receivable – net |  |  | 280,969 |  |  |  |  |  |  |  |  |  |  | $ | 285,700 |  |  |  | 285,700 |
Federal Home Loan Bank stock |  |  | 6,482 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | n/a |
Accrued interest receivable |  |  | 758 |  |  |  |  |  |  |  | 758 |  |  |  |  |  |  |  | 758 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 195,836 |  |  | $ | 69,944 |  |  | $ | 123,920 |  |  |  |  |  |  | $ | 193,864 |
Federal Home Loan Bank advances |  |  | 66,703 |  |  |  |  |  |  |  | 66,719 |  |  |  |  |  |  |  | 66,719 |
Advances by borrowers for taxes and insurance |  |  | 763 |  |  |  |  |  |  |  | 763 |  |  |  |  |  |  |  | 763 |
Accrued interest payable |  |  | 28 |  |  |  |  |  |  |  | 28 |  |  |  |  |  |  |  | 28 |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=117815213&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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