XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.24.3

Disclosures About Fair Value of Assets and Liabilities (Tables) | 3 Months Ended
--- | ---
Sep. 30, 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) |
September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed: residential |  | $ | 9,416 |  |  | $ | – |  |  | $ | 9,416 |  |  | $ | – |
June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed: residential |  | $ | 9,648 |  |  | $ | – |  |  | $ | 9,648 |  |  | $ | – |
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 September 30, 2024 and June 30, 2024 are as follows:
|  |  |  |  | Fair Value Measurements at |
|  | Carrying |  |  | September 30, 2024 Using |
(in thousands) |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 17,269 |  |  | $ | 17,269 |  |  |  |  |  |  |  |  |  |  | $ | 17,269 |
Available-for-sale securities |  |  | 9,416 |  |  |  |  |  |  | $ | 9,416 |  |  |  |  |  |  |  | 9,416 |
Held-to-maturity securities |  |  | 199 |  |  |  |  |  |  |  | 195 |  |  |  |  |  |  |  | 195 |
Loans receivable – net |  |  | 333,175 |  |  |  |  |  |  |  |  |  |  | $ | 323,285 |  |  |  | 323,285 |
Federal Home Loan Bank stock |  |  | 4,439 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | n/a |
Accrued interest receivable |  |  | 1,277 |  |  |  |  |  |  |  | 1,277 |  |  |  |  |  |  |  | 1,277 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 254,915 |  |  | $ | 78,693 |  |  | $ | 176,483 |  |  |  |  |  |  |  | 255.176 |
Federal Home Loan Bank advances |  |  | 70,055 |  |  |  |  |  |  |  | 69,552 |  |  |  |  |  |  |  | 69,552 |
Advances by borrowers for taxes and insurance |  |  | 1,242 |  |  |  |  |  |  |  | 1,242 |  |  |  |  |  |  |  | 1,242 |
Accrued interest payable |  |  | 242 |  |  |  |  |  |  |  | 242 |  |  |  |  |  |  |  | 242 |
|  |  |  |  | Fair Value Measurements at |
|  | Carrying |  |  | June 30, 2024 Using |
(in thousands) |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 18,287 |  |  | $ | 18,287 |  |  |  |  |  |  |  |  |  |  | $ | 18,287 |
Available-for-sale securities |  |  | 9,648 |  |  |  |  |  |  | $ | 9,648 |  |  |  |  |  |  |  | 9,648 |
Held-to-maturity securities |  |  | 213 |  |  |  |  |  |  |  | 203 |  |  |  |  |  |  |  | 203 |
Loans receivable - net |  |  | 333,025 |  |  |  |  |  |  |  |  |  |  | $ | 318,867 |  |  |  | 318,867 |
Federal Home Loan Bank stock |  |  | 4,230 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | n/a |
Accrued interest receivable |  |  | 1,169 |  |  |  |  |  |  |  | 1,169 |  |  |  |  |  |  |  | 1,169 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 256,139 |  |  | $ | 79,567 |  |  | $ | 176,272 |  |  |  |  |  |  | $ | 255,839 |
Federal Home Loan Bank advances |  |  | 68,988 |  |  |  |  |  |  |  | 68,122 |  |  |  |  |  |  |  | 68,122 |
Advances by borrowers for taxes and insurance |  |  | 909 |  |  |  |  |  |  |  | 909 |  |  |  |  |  |  |  | 909 |
Accrued interest payable |  |  | 176 |  |  |  |  |  |  |  | 176 |  |  |  |  |  |  |  | 176 |

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 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/2009/role/commonPracticeRef -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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration