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Disclosures About Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Dec. 31, 2022

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, 2022
Agency mortgage-backed: residential		$	13,539			$	–			$	13,539			$	–
June 30, 2022
Agency mortgage-backed: residential		$	10,477			$	–			$	10,477			$	–

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

						Fair Value Measurements at
		Carrying				December 31, 2022 Using
(in thousands)		Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	7,654			$	7,654											$	7,654
Available-for-sale securities			13,539							$	13,539								13,539
Held-to-maturity securities			304								289								289
Loans receivable, net			298,964												283,183				283,183
Federal Home Loan Bank stock			4,993																n/a
Accrued interest receivable			840								840								840
Financial liabilities
Deposits		$	209,383			$	97,312			$	112,209								209,521
Federal Home Loan Bank advances			73,228								72,805								72,805
Advances by borrowers for taxes and insurance			271								271								271
Accrued interest payable			15								15								15

						Fair Value Measurements at
		Carrying				June 30, 2022 Using
(in thousands)		Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	25,823			$	25,823											$	25,823
Available-for-sale securities			10,477							$	10,477								10,477
Held-to-maturity securities			339								323								323
Loans held for sale			152								153								153
Loans receivable - net			274,583											$	271,994				271,994
Federal Home Loan Bank stock			6,498																n/a
Accrued interest receivable			649								649								649
Financial liabilities
Deposits		$	239,857			$	115,152			$	124,682							$	239,834
Federal Home Loan Bank advances			34,066								33,688								33,688
Advances by borrowers for taxes and insurance			766								766								766
Accrued interest payable			12								12								12

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 https://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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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- References

No definition available.

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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