Leases

6 Months Ended

Dec. 31, 2025

Note 5 - Leases

Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable prepaid rent, initial direct costs and any incentives received from the lessor.

For all underlying classes of assets, the Company has elected to not recognize right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or less at lease commencement and do not include an option to purchase the underlying asset that the Company is reasonably certain to exercise.

The Company’s long-term lease agreements are classified as operating leases. Certain of these leases offer the option to extend the lease term and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably assured of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations.

On June 25, 2025, the Company executed a ten-year lease agreement to sublet the top floor of its Brookfield branch which includes monthly lease payments ranging from $2,700 to $3,300 over the term of the lease. These lease payments are included in other income in the accompanying Consolidated Statements of Income.

The following tables present information about the Company’s leases as of and for the three and six months ended December 31, 2025 and 2024 and as of June 30, 2025:


							As of			As of
							December 31,			June 30,
							2025			2025
Right-of-use assets (included in premises and equipment on consolidated balance sheets)							$	386,257		$	443,111
Lease liabilities (included in other liabilities on consolidated balance sheets)								383,189			439,928
Weighted average remaining lease term								4.8 years			4.73 years
Weighted average discount rate								3.13%			2.99%

	Three Months			Three Months			Six Months			Six Months
	Ended			Ended			Ended			Ended
	December 31,			December 31,			December 31,			December 31,
	2025			2024			2025			2024
Operating lease costs	$	32,003		$	55,383		$	64,006		$	87,297
Short-term lease costs		10,120			10,070			19,990			19,640
Total lease costs	$	42,123		$	65,453		$	83,996		$	106,937

Cash paid for amounts included in measurement of lease liabilities	$	31,946		$	31,281		$	63,892		$	62,562

As of December 31, 2025, future maturities of the lease liabilities described above are as follows for each of the respective future fiscal years:
										As of
										December 31,
										2025


Year ending June 30, 2026										$	64,088
Year ending June 30, 2027											118,710
Year ending June 30, 2028											48,620
Year ending June 30, 2029											43,200
Year ending June 30, 2030											43,200
Thereafter											100,800
Total											418,618
Less: Present value discount											35,429
Lease liabilities										$	383,189