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Disclosures About Fair Value of Assets and Liabilities (Tables)
9 Months Ended
Mar. 31, 2024
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)
 
March 31, 2024                
Agency mortgage-backed: residential  $10,225   $
          –
   $10,225   $
         –
 
                     
June 30, 2023                    
Agency mortgage-backed: residential  $12,080   $
   $12,080   $
 
Schedule of Carrying Value and Fair Value of the Company’s Financial Instruments Based on the foregoing methods and assumptions, the carrying value and fair value of the Company’s financial instruments at March 31, 2024 and June 30, 2023 are as follows:
       Fair Value Measurements at 
   Carrying   March 31, 2024 Using 
(in thousands)  Value   Level 1   Level 2   Level 3   Total 
Financial assets                    
Cash and cash equivalents  $15,423   $15,423             $15,423 
Available-for-sale securities   10,225        $10,225         10,225 
Held-to-maturity securities   223         210         210 
Loans receivable, net   328,134              315,358    315,358 
Federal Home Loan Bank stock   4,528                   n/a 
Accrued interest receivable   1,226         1,226         1,226 
                          
Financial liabilities                         
Deposits  $246,104   $82,126   $163,597         245,723 
Federal Home Loan Bank advances   72,348         72,327         72,327 
Advances by borrowers for taxes and insurance   643         643         643 
Accrued interest payable   150         150         150 
       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