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Investment Securities | 6 Months Ended
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Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Investment Securities | 3. Investment Securities The following table summarizes the amortized cost and fair value of securities available-for-sale and securities held-to-maturity at December 31, 2022 and June 30, 2022, the corresponding amounts of gross unrealized gains recognized in accumulated other comprehensive income and gross unrecognized gains and losses:
|  | December 31, 2022 |
(in thousands) |  | Amortized cost |  |  | Gross unrealized gains |  |  | Gross unrealized losses |  |  | Estimated fair value |
Available-for-sale Securities |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed: residential |  | $ | 13,996 |  |  | $ | – |  |  | $ | 457 |  |  | $ | 13,539 |
Held-to-maturity Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed: residential |  | $ | 304 |  |  | $ | 1 |  |  | $ | 16 |  |  | $ | 289 |
|  | June 30, 2022 |
(in thousands) |  | Amortized cost |  |  | Gross unrealized gains |  |  | Gross unrealized losses |  |  | Estimated fair value |
Available-for-sale Securities |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed: residential |  | $ | 10,477 |  |  | $ | – |  |  | $ | – |  |  | $ | 10,477 |
Held-to-maturity Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed: residential |  | $ | 339 |  |  | $ | 2 |  |  | $ | 18 |  |  | $ | 323 |
Our pledged securities (including overnight and time deposits in other financial institutions) totaled $6.5 million and $1.7 million at December 31, 2022 and June 30, 2022, respectively. We evaluated securities in unrealized loss positions for evidence of other-than-temporary impairment, considering duration, severity, financial condition of the issuer, our intention to sell or requirement to sell. Those securities were agency mortgage-backed securities, which carry a very limited amount of risk. Also, we have no intention to sell nor feel that we will be compelled to sell such securities before maturity. Based on our evaluation, no impairment has been recognized through earnings. Available-for-Sale
(in thousands) |  | Amortized Cost |  |  | Gross Unrealized Losses |  |  | Fair Value |
Less Than 12 Months |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 13,996 |  |  | $ | 457 |  |  | $ | 13,539 |
12 Months or More |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  |  | – |  |  |  | – |  |  |  | – |
Total temporarily impaired AFS securities |  | $ | 13,996 |  |  | $ | 457 |  |  | $ | 13,539 |
Held to Maturity
(in thousands) |  | Amortized Cost |  |  | Gross Unrealized Losses |  |  | Fair Value |
Less Than 12 Months |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  | $ | 304 |  |  | $ | 16 |  |  | $ | 288 |
12 Months or More |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  |  | – |  |  |  | – |  |  |  | – |
Total temporarily impaired HTM securities |  | $ | 304 |  |  | $ | 16 |  |  | $ | 288 |

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
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