v3.25.2
Revenue Recognition
 12 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
All of the Company’s revenue from contracts with customers in the scope of ASC 606 is recognized within noninterest income. The following table presents the Company’s sources of noninterest income for the years ended June 30, 2025, 2024 and 2023. Sources of revenue outside the scope of ASC 606 are noted as such.
Years Ended June 30,
202520242023
(In Thousands)
Non-interest income:
Deposit-related fees and charges$1,866 $1,772 $1,881 
Loan-related fees and charges (1)
624 837 1,225 
Loss on sale and call of securities (1)
— (18,135)(15,227)
Gain (loss) on sale of loans (1)
806 (282)(1,645)
Loss on sale of other real estate owned— (974)(139)
Income from bank owned life insurance (1)
10,672 9,076 8,645 
Electronic banking fees and charges (interchange income)1,717 2,357 1,759 
Miscellaneous (1)
3,367 3,356 6,252 
Total non-interest income$19,052 $(1,993)$2,751 
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(1)Not within the scope of ASC 606.
A description of the Company’s revenue streams accounted for under ASC 606 is as follows:
Service Charges on Deposit Accounts
The Company earns fees from deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as ATM use fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed at the point in the time the Company fulfills the customer’s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer’s account balance.
Gains/Losses on Sales of OREO
The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. Gain/Losses on the sales of OREO falls within the scope of ASC 606, if the Company finances the transaction. Under ASC 606, if the Company finances the sale of OREO to the buyer, the Company is required to assess whether the buyer is committed to perform their obligations under the contract and whether the collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company adjusts the transaction price and related (loss) gain on sale if a significant financing component is present.
Interchange Income
The Company earns interchange fees from debit and credit card holder transactions conducted through various payment networks. Interchange fees from cardholder transactions are recognized daily, concurrently with the transaction processing services provided by an outsourced technology solution.