XML 32 R22.htm IDEA: XBRL DOCUMENT v3.23.3

Disclosures About Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Sep. 30, 2023

Disclosures About Fair Value of Assets and Liabilities [Abstract]

Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

Financial assets measured at fair value on a recurring basis are summarized below:

		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)
September 30, 2023
Agency mortgage-backed: residential		$	11,230			$	–			$	11,230			$	–
June 30, 2023
Agency mortgage-backed: residential		$	12,080			$	–			$	12,080			$	–

Schedule of Foregoing Methods and Assumptions, the Carrying Value and Fair Value

Based on the foregoing methods and assumptions, the carrying value and fair value of the Company’s financial instruments at September 30, 2023 and June 30, 2023 are as follows:

						Fair Value Measurements at
		Carrying				September 30, 2023 Using
(in thousands)		Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	12,586			$	12,586											$	12,586
Available-for-sale securities			11,230							$	11,230								11,230
Held-to-maturity securities			256								241								241
Loans held for sale			280												280				280
Loans receivable – net			318,187											$	295,267				295,267
Federal Home Loan Bank stock			4,031																n/a
Accrued interest receivable			1,003								1,003								1,003
Financial liabilities
Deposits		$	252,359			$	85,846			$	165,351								251,197
Federal Home Loan Bank advances			52,576								52,540								52,540
Advances by borrowers for taxes and insurance			1,123								1,123								1,123
Accrued interest payable			164								164								164

						Fair Value Measurements at
		Carrying				June 30, 2023 Using
(in thousands)		Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	8,167			$	8,167											$	8,167
Available-for-sale securities			12,080							$	12,080								12,080
Held-to-maturity securities			274								259								259
Loans receivable - net			313,807											$	293,530				293,530
Federal Home Loan Bank stock			4,623																n/a
Accrued interest receivable			902								902								902
Financial liabilities
Deposits		$	226,309			$	88,994			$	136,577							$	225,571
Federal Home Loan Bank advances			70,087								69,863								69,863
Advances by borrowers for taxes and insurance			793								793								793
Accrued interest payable			70								70								70

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

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration