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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