v3.25.2
Fair Value Measurements and Fair Value of Financial Instruments (Tables)
 12 Months Ended
Jun. 30, 2025
Fair Value Measurements and Fair Value of Financial Instruments [Abstract]  
Assets Measured at Fair Value on Recurring Basis
For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used are as follows:
 
                    
       Fair Value Measurements Using
         Quoted prices
in active markets
for identical assets 		     Significant
other observable
inputs 		     Significant
unobservable
inputs 		 
(In thousands)
  June 30, 2025      (Level 1)      (Level 2)      (Level 3)  
Assets:
                  
U.S. Treasury securities
$10,453   $ -    $10,453   $ -  
U.S. government sponsored enterprises
 11,644     -     11,644     -  
State and political subdivisions
 209,844     -     209,844     -  
Mortgage-backed securities-residential
 31,587     -     31,587     -  
Mortgage-backed securities-multi-family
 74,597     -     74,597     -  
Corporate debt securities
 17,937     -     17,937     -  
Securities available-for-sale
 356,062     -     356,062     -  
Equity securities
 402    402     -      -  
Interest rate swaps
 4,733     -     4,733     -  
Total
$361,197   $402   $360,795   $ -  
                    
Liabilities:
                  
Interest rate swaps
$4,733   $ -    $4,733   $ -  
Total
$4,733   $ -    $4,733   $ -  
 
                    
       Fair Value Measurements Using
         Quoted prices
in active markets
for identical assets 		     Significant
other observable
inputs 		     Significant
unobservable
inputs 		 
(In thousands)
  June 30, 2024      (Level 1)      (Level 2)      (Level 3)  
Assets:
                  
U.S. Treasury securities
$41,195   $ -    $41,195   $ -  
U.S. government sponsored enterprises
 10,974     -     10,974     -  
State and political subdivisions
 170,669     -     170,669     -  
Mortgage-backed securities-residential
 36,575     -     36,575     -  
Mortgage-backed securities-multi-family
 72,300     -     72,300     -  
Corporate debt securities
 18,288     -     18,288     -  
Securities available-for-sale
 350,001     -     350,001     -  
Equity securities
 328    328     -      -  
Interest rate swaps
 585     -     585     -  
Total
$350,914   $328   $350,586   $ -  
                    
Liabilities:
                  
Interest rate swaps
$585   $ -    $585   $ -  
Total
$585   $ -    $585   $ -  
Fair Value Measurements for Loans Evaluated Individually and Foreclosed Real Estate Such modifications to the appraised values could result in lower valuations of such collateral. Based on the valuation techniques used, the fair value measurements for foreclosed real estate are classified as Level 3.
                         
       June 30, 2025    June 30, 2024
(In thousands)
  Fair value
hierarchy 		     Carrying
amount 		     Estimated fair
value 		     Carrying
amount 		     Estimated fair
value 		 
                         
Loans individually evaluated
 3   $751   $202   $1,405   $662 
Carrying Amounts and Estimated Fair Value of Financial Instruments
The carrying amounts and estimated fair value of financial instruments are as follows:
 
                         
  June 30, 2025    Fair value measurements using
(In thousands)
  Carrying
amount 		     Fair value      (Level 1)      (Level 2)      (Level 3)  
                         
Cash and cash equivalents
$183,078   $183,078   $183,078   $ -    $ -  
Long-term certificate of deposit
 1,425    1,421     -     1,421     -  
Securities available-for-sale
 356,062    356,062     -     356,062     -  
Securities held-to-maturity
 776,147    738,134     -     738,134     -  
Equity securities
 402    402    402     -      -  
Federal Home Loan Bank stock
 5,504    5,504     -     5,504     -  
Net loans receivable
 1,607,260    1,536,150     -      -     1,536,150 
Accrued interest receivable
 16,381    16,381     -     16,381     -  
Interest rate swap asset
 4,733    4,733     -     4,733     -  
                         
Deposits
 2,639,835    2,639,246     -     2,639,246     -  
Borrowings
 78,189    78,346     -     78,346     -  
Subordinated notes payable, net
 49,867    48,485     -     48,485     -  
Accrued interest payable
 1,271    1,271     -     1,271     -  
Interest rate swap liability
 4,733    4,733     -     4,733     -  
                         
  June 30, 2024    Fair value measurements using
(In thousands)
  Carrying
amount 		     Fair value      (Level 1)      (Level 2)      (Level 3)  
                         
Cash and cash equivalents
$190,395   $190,395   $190,395   $ -    $ -  
Long-term certificate of deposit
 2,831    2,760     -     2,760     -  
Securities available-for-sale
 350,001    350,001     -     350,001     -  
Securities held-to-maturity
 690,354    630,241     -     630,241     -  
Equity securities
 328    328    328     -      -  
Federal Home Loan Bank stock
 7,296    7,296     -     7,296     -  
Net loans receivable
 1,480,229    1,387,325     -      -     1,387,325 
Accrued interest receivable
 14,269    14,269     -     14,269     -  
Interest rate swap asset
 585    585     -     585     -  
                         
Deposits
 2,389,222    2,388,305     -     2,388,305     -  
Borrowings
 149,456    149,438     -     149,438     -  
Subordinated notes payable, net
 49,681    46,114     -     46,114     -  
Accrued interest payable
 1,551    1,551     -     1,551     -  
Interest rate swap liability
 585    585     -     585     -