Debt Securities (Tables)
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6 Months Ended |
Dec. 31, 2022 |
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| Investments, Debt and Equity Securities [Abstract] |
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| Schedule of Available-for-sale Securities Reconciliation |
Debt securities available for sale consist of the following at the dates indicated: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Estimated
Fair
Value | | U.S. government agencies | $ | 15,998 | | | $ | — | | | $ | (599) | | | $ | 15,399 | | | MBS, residential | 87,007 | | | 9 | | | (2,569) | | | 84,447 | | | Municipal bonds | 4,522 | | | 1 | | | (114) | | | 4,409 | | | Corporate bonds | 45,263 | | | — | | | (1,576) | | | 43,687 | | | | | | | | | | | Total | $ | 152,790 | | | $ | 10 | | | $ | (4,858) | | | $ | 147,942 | |
| | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2022 | | Amortized
Cost | | Gross
Unrealized
Gains | | Gross
Unrealized
Losses | | Estimated
Fair
Value | | U.S. government agencies | $ | 18,993 | | | $ | 5 | | | $ | (539) | | | $ | 18,459 | | | MBS, residential | 48,377 | | | 3 | | | (1,147) | | | 47,233 | | | Municipal bonds | 5,545 | | | 31 | | | (18) | | | 5,558 | | | Corporate bonds | 57,184 | | | 1 | | | (1,457) | | | 55,728 | | | | | | | | | | | Total | $ | 130,099 | | | $ | 40 | | | $ | (3,161) | | | $ | 126,978 | |
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| Investments Classified by Contractual Maturity Date |
Debt securities available for sale by contractual maturity at December 31, 2022 and June 30, 2022 are shown below. MBS are not included in the maturity categories because the borrowers in the underlying pools may prepay without penalty; therefore, it is unlikely that the securities will pay at their stated maturity schedule. | | | | | | | | | | | | | | | | December 31, 2022 | | Amortized
Cost | | Estimated
Fair Value | | Due within one year | $ | 42,262 | | | $ | 41,448 | | | Due after one year through five years | 18,006 | | | 17,060 | | | Due after five years through ten years | 5,515 | | | 4,987 | | | Due after ten years | — | | | — | | | MBS, residential | 87,007 | | | 84,447 | | | Total | $ | 152,790 | | | $ | 147,942 | |
| | | | | | | | | | | | | | | | | | | | | | | | June 30, 2022 | | Amortized
Cost | | Estimated
Fair Value | | | | | | Due within one year | $ | 35,350 | | | $ | 34,956 | | | | | | | Due after one year through five years | 40,325 | | | 39,018 | | | | | | | Due after five years through ten years | 6,047 | | | 5,771 | | | | | | | Due after ten years | — | | | — | | | | | | | MBS, residential | 48,377 | | | 47,233 | | | | | | | Total | $ | 130,099 | | | $ | 126,978 | | | | | |
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| Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value |
The gross unrealized losses and the fair value for debt securities available for sale aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2022 and June 30, 2022 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | Less than 12 Months | | 12 Months or More | | Total | | Fair
Value | | Unrealized
Losses | | Fair
Value | | Unrealized
Losses | | Fair
Value | | Unrealized
Losses | | U.S. government agencies | $ | 991 | | | $ | (8) | | | $ | 14,408 | | | $ | (591) | | | $ | 15,399 | | | $ | (599) | | | MBS, residential | 73,958 | | | (1,796) | | | 8,571 | | | (773) | | | 82,529 | | | (2,569) | | | Municipal bonds | 3,408 | | | (114) | | | — | | | — | | | 3,408 | | | (114) | | | Corporate bonds | 21,807 | | | (547) | | | 19,980 | | | (1,029) | | | 41,787 | | | (1,576) | | | Total | $ | 100,164 | | | $ | (2,465) | | | $ | 42,959 | | | $ | (2,393) | | | $ | 143,123 | | | $ | (4,858) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2022 | | Less than 12 Months | | 12 Months or More | | Total | | Fair
Value | | Unrealized
Losses | | Fair
Value | | Unrealized
Losses | | Fair
Value | | Unrealized
Losses | | U.S. government agencies | $ | 14,461 | | | $ | (539) | | | $ | — | | | $ | — | | | $ | 14,461 | | | $ | (539) | | | MBS, residential | 41,658 | | | (994) | | | 5,269 | | | (153) | | | 46,927 | | | (1,147) | | | Municipal bonds | 1,970 | | | (18) | | | — | | | — | | | 1,970 | | | (18) | | | Corporate bonds | 39,454 | | | (730) | | | 14,273 | | | (727) | | | 53,727 | | | (1,457) | | | Total | $ | 97,543 | | | $ | (2,281) | | | $ | 19,542 | | | $ | (880) | | | $ | 117,085 | | | $ | (3,161) | |
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