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Disclosures About Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Sep. 30, 2021

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)
September 30, 2021
Agency mortgage-backed: residential		$	31			$	–			$	31			$	–
June 30, 2021
Agency mortgage-backed: residential		$	33			$	–			$	33			$	–

Schedule of foregoing methods and assumptions, the carrying value and fair value

						Fair Value Measurements at
		Carrying				September 30, 2021 Using
(in thousands)		Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	25,932			$	25,932											$	25,932
Available-for-sale securities			31							$	31								31
Held-to-maturity securities			436								452								452
Loans held for sale			90											$	92				92
Loans receivable - net			293,990												302,332				302,332
Federal Home Loan Bank stock			6,498																n/a
Accrued interest receivable			613								613								613
Financial liabilities
Deposits		$	231,489			$	104,608			$	127,226								231,834
Federal Home Loan Bank advances			50,355								50,745								50,745
Advances by borrowers for taxes and insurance			962								962								962
Accrued interest payable			21								21								21

						Fair Value Measurements at
		Carrying				June 30, 2021 Using
(in thousands)		Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	21,648			$	21,648											$	21,648
Term deposits in other financial institutions			247				248												248
Available-for-sale securities			33							$	33								33
Held-to-maturity securities			462								476								476
Loans held for sale			1,307								1,336								1,336
Loans receivable – net			297,902											$	306,346				306,346
Federal Home Loan Bank stock			6,498																n/a
Accrued interest receivable			694								694								694
Financial liabilities
Deposits		$	226,843			$	101,951			$	125,232							$	227,183
Federal Home Loan Bank advances			56,873								57,314								57,314
Advances by borrowers for taxes and insurance			838								838								838
Accrued interest payable			20								20								20

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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=123874694&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=123874694&loc=d3e19207-110258

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X

- 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=123594938&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=123874694&loc=d3e19207-110258

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- References

No definition available.

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