Other investments as of June 30, 2025 primarily consisted of the Company and Bank's investments in limited partnership Community Capital Funds and a $5.1 million bank-owned life insurance policy ("BOLI") purchased during the first quarter of fiscal year 2023 as a channel to add to the Company's non-interest income revenue by means of an investment considered safe and sound by the Company's regulators. The investments in the limited partnerships are measured using the equity method. The BOLI is carried at the cash surrender value of the underlying policies. Income generated from the investments and the increase in the cash surrender value of the BOLI is included in other non-interest income on the Statements of Operations. Other investments totaled $6.9 million at June 30, 2025 and are included in Other Assets on the Statements of Financial Condition.


	At June 30, 2025
	Amortized		Gross Unrealized
$ in thousands	Cost		Gains		Losses		Fair Value
Available-for-Sale:
Mortgage-backed Securities:
Government National Mortgage Association	$	198	$	5	$	—	$	203
Federal Home Loan Mortgage Corporation	18,440		—		(3,994)		14,446
Federal National Mortgage Association	10,058		—		(2,079)		7,979
Total mortgage-backed securities	28,696		5		(6,073)		22,628
U.S. Government Agency Securities	4,040		4		(4)		4,040

Corporate Bonds	5,262		—		(2,470)		2,792
Muni Securities	17,667		—		(3,291)		14,376

Total available-for-sale	$	55,665	$	9	$	(11,838)	$	43,836

Held-to-Maturity:
Mortgage-backed Securities:
Government National Mortgage Association	$	246	$	—	$	(8)	$	238
Federal National Mortgage Association and Other	1,458		—		(34)		1,424


Total held-to maturity	$	1,704	$	—	$	(42)	$	1,662


	At March 31, 2025
	Amortized		Gross Unrealized
$ in thousands	Cost		Gains		Losses		Fair Value
Available-for-Sale:
Mortgage-backed Securities:
Government National Mortgage Association	$	204	$	5	$	—	$	209
Federal Home Loan Mortgage Corporation	18,779		—		(4,017)		14,762
Federal National Mortgage Association	10,231		—		(2,130)		8,101

Total mortgage-backed securities	29,214		5		(6,147)		23,072
U.S. Government Agency Securities	4,326		—		(16)		4,310
Corporate Bonds	5,262		—		(2,442)		2,820
Muni Securities	17,673		—		(3,353)		14,320


Total available-for-sale	$	56,475	$	5	$	(11,958)	$	44,522

Held-to-Maturity:
Mortgage-backed Securities:
Government National Mortgage Association	$	249	$	—	$	(9)	$	240
Federal National Mortgage Association and Other	1,501		—		(43)		1,458


Total held-to-maturity	$	1,750	$	—	$	(52)	$	1,698


	At June 30, 2025
	Less than 12 months				12 months or longer				Total
$ in thousands	Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value
Available-for-Sale:
Mortgage-backed securities	$	—	$	—	$	(6,073)	$	22,425	$	(6,073)	$	22,425
U.S. Government Agency securities	(1)		2,285		(3)		589		(4)		2,874

Corporate bonds	—		—		(2,470)		2,791		(2,470)		2,791

Muni securities	—		—		(3,291)		14,376		(3,291)		14,376

Total available-for-sale securities	$	(1)	$	2,285	$	(11,837)	$	40,181	$	(11,838)	$	42,466
Held-to-Maturity:
Mortgage-backed securities	$	—	$	—	$	(42)	$	1,634	$	(42)	$	1,634

Total held-to-maturity securities	$	—	$	—	$	(42)	$	1,634	$	(42)	$	1,634


	At March 31, 2025
	Less than 12 months				12 months or longer				Total
$ in thousands	Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value
Available-for-Sale:
Mortgage-backed securities	$	—	$	—	$	(6,147)	$	22,863	$	(6,147)	$	22,863
U.S. Government Agency securities	(11)		3,467		(5)		843		(16)		4,310
Corporate bonds	—		—		(2,442)		2,820		(2,442)		2,820
Muni securities	—		—		(3,353)		14,320		(3,353)		14,320


Total available-for-sale securities	$	(11)	$	3,467	$	(11,947)	$	40,846	$	(11,958)	$	44,313
Held-to-Maturity:
Mortgage-backed securities	$	—	$	—	$	(52)	$	1,670	$	(52)	$	1,670

Total held-to-maturity securities	$	—	$	—	$	(52)	$	1,670	$	(52)	$	1,670

Management reviews the investment portfolio on a quarterly basis to identify and evaluate each investment that has an unrealized holding loss. A total of 21 available-for-sale and held-to-maturity securities had an unrealized loss at June 30, 2025 compared to 22 at March 31, 2025. Mortgage-backed securities, U.S. government agency securities, municipal securities and a corporate bond security represented 52.8%, 6.8%, 33.9% and 6.6%, respectively, of total available-for-sale securities in an unrealized loss position at June 30, 2025. There were seven mortgage-backed securities, one U.S. government agency securities, one corporate bond and six municipal securities that had an unrealized loss position for more than 12 months at June 30, 2025. Management has evaluated available-for-sale securities that are in an unrealized loss position and determined that the declines in fair value are attributable to market volatility, and not credit quality or other factors. Given the high credit quality of the mortgage-backed securities, which are backed by explicit U.S. government guarantees, or guarantees by government sponsored enterprises that have credit ratings and perceived credit risk comparable to the U.S. government, the high credit quality and strong financial performance of the U.S. government agency and the results of the individual analyses and continuous surveillance on the municipal securities, as well as the corporate security that is a reputable institution in good financial standing, the risk of credit loss is minimal. Management believes that these unrealized losses are a direct result of the current rate environment and the Company has the ability and intent to hold the securities until maturity or the valuations recover. The Bank's held-to-maturity portfolio consists of five mortgage-backed securities that were in an unrealized loss position for more than 12 months at June 30, 2025. These securities are either fully guaranteed or issued by a government sponsored enterprise, which has a credit rating and perceived credit risk comparable to the U.S. government. As such, no allowance for credit losses on securities available-for-sale or held-to-maturity have been established as of June 30, 2025.