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Disclosures About Fair Value of Assets and Liabilities (Tables)

6 Months Ended

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

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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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