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Disclosures About Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Mar. 31, 2023

Disclosures About Fair Value of Assets and Liabilities [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)
March 31, 2023
Agency mortgage-backed: residential		$	12,863			$	–			$	12,863			$	–
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				March 31, 2023 Using
(in thousands)		Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	8,085			$	8,085											$	8,085
Available-for-sale securities			12,863							$	12,863								12,863
Held-to-maturity securities			289								273								273
Loans receivable, net			306,960												290,695				290,695
Federal Home Loan Bank stock			4,688																n/a
Accrued interest receivable			887								887								887
Financial liabilities
Deposits		$	209,391			$	94,807			$	114,326								209,133
Federal Home Loan Bank advances			80,899								80,562								80,562
Advances by borrowers for taxes and insurance			503								503								503
Accrued interest payable			48								48								48

						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
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-11

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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
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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