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Disclosures About Fair Value of Assets and Liabilities (Tables) | 6 Months Ended
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Dec. 31, 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) |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed: residential |  | $ | 30 |  |  | $ | – |  |  | $ | 30 |  |  | $ | – |
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 |  |  | December 31, 2021 Using |
(in thousands) |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 45,292 |  |  | $ | 45,292 |  |  |  |  |  |  |  |  |  |  | $ | 45,292 |
Available-for-sale securities |  |  | 30 |  |  |  |  |  |  | $ | 30 |  |  |  |  |  |  |  | 30 |
Held-to-maturity securities |  |  | 411 |  |  |  |  |  |  |  | 421 |  |  |  |  |  |  |  | 421 |
Loans held for sale |  |  | 585 |  |  |  |  |  |  |  |  |  |  | $ | 595 |  |  |  | 595 |
Loans receivable - net |  |  | 276,684 |  |  |  |  |  |  |  |  |  |  |  | 282,961 |  |  |  | 282,961 |
Federal Home Loan Bank stock |  |  | 6,498 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | n/a |
Accrued interest receivable |  |  | 649 |  |  |  |  |  |  |  | 649 |  |  |  |  |  |  |  | 649 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 236,838 |  |  | $ | 109,176 |  |  | $ | 127,936 |  |  |  |  |  |  |  | 237,112 |
Federal Home Loan Bank advances |  |  | 48,822 |  |  |  |  |  |  |  | 49,109 |  |  |  |  |  |  |  | 49,109 |
Advances by borrowers for taxes and insurance |  |  | 246 |  |  |  |  |  |  |  | 246 |  |  |  |  |  |  |  | 246 |
Accrued interest payable |  |  | 16 |  |  |  |  |  |  |  | 16 |  |  |  |  |  |  |  | 16 |
|  |  |  |  | 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 + 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=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 + Details
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