Note 8 - Federal Home Loan Bank Advances

12 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Federal Home Loan Bank Advances, Disclosure [Text Block]

NOTE 8—FEDERAL HOME LOAN BANK ADVANCES

A summary of Federal Home Loan Bank (FHLB) advances were as follows:

										June 30, 2025								June 30, 2024
		Stated Interest Rate Range												Weighted Average								Weighted Average
Advance Type		From				To				Amount				Rate				Amount				Rate
Fixed rate, amortizing			1.37	%			1.37	%		$	51				1.37	%		$	109				1.37	%
Fixed rate			1.18				4.41				17,500				3.66				8,000				1.04
Variable rate			4.51				4.51				5,000				4.51				5,600				5.46

Each fixed rate advance has a prepayment penalty equal to the present value of 100% of the lost cash flow based upon the difference between the contract rate on the advance and the current rate on a comparable new advance. The following table is a summary of the scheduled principal payments for all advances as of June 30, 2025:

Twelve Months Ending June 30		Principal Payments
2026		$	18,547
2027			4
2030			4,000
Total		$	22,551

Pursuant to collateral agreements with FHLB, advances are secured by all the stock invested in the FHLB and certain qualifying first mortgage and multi-family loans. The advances were collateralized by $163,200 and $182,257 of first mortgage and multi-family loans under a blanket lien arrangement at June 30, 2025 and 2024, respectively. Based on this collateral, the Bank was eligible to borrow up to a total of $86,330 in additional advances at June 30, 2025.