The amortized cost and fair value of available for sale and held to maturity securities, at December 31, 2025 and June 30, 2025, with gross unrealized gains and losses, follows:


	December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Securities Available for Sale
U.S. Government agency and U.S. Government- sponsored enterprise obligations	$	16,276	$	16	$	(16	)	$	16,276
U.S. Government agency and U.S. Government- sponsored enterprise residential mortgage- backed securities		37,363		568		(17	)		37,914
Corporate bonds and obligations		10,410		—		(746	)		9,664
Total securities available for sale	$	64,049	$	584	$	(779	)	$	63,854
Securities Held to Maturity
U.S. Government and U.S. Government-sponsored enterprise obligations	$	30,719	$	7	$	(713	)	$	30,013
U.S. Government agency and U.S. Government- sponsored enterprise residential mortgage- backed securities		16,988		169		(149	)		17,008
Corporate bonds and obligations		9,265		—		(779	)		8,486
Municipal bonds		1,921		298		(72	)		2,147
Total securities held to maturity	$	58,893	$	474	$	(1,713	)	$	57,654


	June 30, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Securities Available for Sale
U.S. Government agency and U.S. Government- sponsored enterprise obligations	$	8,000	$	1	$	(39	)	$	7,962
U.S. Government agency and U.S. Government- sponsored enterprise residential mortgage- backed securities		22,485		119		(37	)		22,567
Corporate bonds and obligations		17,988		—		(1,218	)		16,770
Total securities available for sale	$	48,473	$	120	$	(1,294	)	$	47,299
Securities Held to Maturity
U.S. Government and U.S. Government-sponsored enterprise obligations	$	28,721	$	2	$	(1,034	)	$	27,689
U.S. Government agency and U.S. Government- sponsored enterprise residential mortgage- backed securities		17,233		82		(244	)		17,071
Corporate bonds and obligations		9,312		—		(885	)		8,427
Municipal bonds		1,945		282		(91	)		2,136
Total securities held to maturity	$	57,211	$	366	$	(2,254	)	$	55,323

The amortized cost and fair value of debt securities by contractual maturity at December 31, 2025 are shown as follows. Expected maturities may differ from contractual maturities because the issuers, in certain instances, have the right to call or prepay obligations with or without call or prepayment penalties.


	Available for Sale				Held to Maturity
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)
Within 1 year	$	—	$	—	$	2,453	$	2,442
Over 1 year through 5 years		10,410		9,664		29,457		28,223
Over 5 years through 10 years		6,994		6,995		—		—
Over 10 years		9,282		9,281		9,995		9,981
		26,686		25,940		41,905		40,646
U.S. Government agency and U.S. Government- sponsored enterprise residential mortgage- backed securities		37,363		37,914		16,988		17,008
Total securities	$	64,049	$	63,854	$	58,893	$	57,654

There were no realized losses on securities for the three months ended December 31, 2025 and 2024 or the six months ended December 31, 2024. During the six months ended December 31, 2025, the Company sold $7.2 million of available for sale securities resulting in gross realized losses of $317,000.

Available for sale (AFS) and held to maturity (HTM) securities, which are issued by the U. S. Treasury or are guaranteed by government agencies do not currently have an allowance for credit loss as the Company determined these securities are either backed by the full faith and credit of the U.S. government and/or there is an unconditional commitment to make interest payments and to return the principal investment in full to investors when a debt security reaches maturity. In assessing the Company’s investments in government-sponsored and U.S. government guaranteed mortgage-backed securities and government-sponsored enterprise obligations, the contractual cash flows of these investments are guaranteed by the respective government-sponsored enterprise. Accordingly, it is expected that the securities would not be settled at a price less than the par value of the Company’s investments. The Company will evaluate this position no less than annually, however, certain items which may cause the Company to change this methodology include legislative changes that reduce or eliminate the U.S. government’s implicit guarantee on such securities. Any expected credit losses would be presented as an allowance

for credit loss. For corporate and municipal bonds, whether they are AFS or HTM, a probability of default and a loss given default analysis is performed to determine whether an allowance for credit losses is needed. There was no allowance for credit losses established on AFS or HTM securities during the six months ended December 31, 2025.

Information pertaining to securities with gross unrealized losses at December 31, 2025 and June 30, 2025, aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:


	Less Than Twelve Months				Twelve Months or Over
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
			(In thousands)
December 31, 2025
Securities Available for Sale
U.S. Government and U.S. Government- sponsored enterprise obligations	$	7	$	7,272	$	9	$	2,991
U.S. Government agency and U.S. Government- sponsored enterprise residential mortgage- backed securities		16		6,826		1		85
Corporate bonds and obligations		—		—		746		9,664
Total securities available for sale	$	23	$	14,098	$	756	$	12,740
Securities Held to Maturity
U.S. Government and U.S. Government-sponsored enterprise obligations	$	5	$	1,993	$	708	$	25,516
U.S. Government agency and U.S. Government- sponsored enterprise residential mortgage- backed securities						149		2,814
Corporate bonds and obligations		—		—		779		8,486
Municipal bonds		—		—		72		1,147
Total securities held to maturity	$	5	$	1,993	$	1,708	$	37,963


	Less Than Twelve Months				Twelve Months or Over
	Gross Unrealized Losses		Fair Value		Gross Unrealized Losses		Fair Value
			(In thousands)
June 30, 2025
Securities Available for Sale
U.S. Government and U.S. Government- sponsored enterprise obligations	$	39	$	6,961	$	—	$	—
U.S. Government agency and U.S. Government- sponsored enterprise residential mortgage- backed securities		29		6,697		8		2,438
Corporate bonds and obligations		—		—		1,218		16,770
Total securities available for sale	$	68	$	13,658	$	1,226	$	19,208
Securities Held to Maturity
U.S. Government and U.S. Government-sponsored enterprise obligations	$	19	$	2,981	$	1,015	$	22,209
U.S. Government agency and U.S. Government- sponsored enterprise residential mortgage- backed securities		20		6,297		224		3,177
Corporate bonds and obligations		—		—		885		8,427
Municipal bonds		—		—		91		1,136
Total securities held to maturity	$	39	$	9,278	$	2,215	$	34,949

The Company monitors the credit quality of securities through the use of credit ratings. Management evaluates debt securities for impairment at least quarterly, and more frequently when economic or market concerns warrant such evaluation.

At December 31, 2025, 104 debt securities have unrealized losses with aggregate depreciation of 3.49% of the Company’s amortized cost basis. The decline in market value is attributable to changes in interest rates and not to credit quality, and the Company currently does not believe it is probable that it will be unable to collect all amounts due according to the contractual terms of the investments. Therefore, it is expected that the securities would not be settled at a price less than the par value of the investment. Because the Company does not intend to sell the securities and it is not “more likely than not” that the Company will be required to sell the securities before recovery of their amortized cost bases, which may be maturity, the Company does not consider these securities to be impaired at December 31, 2025.