The Company has sold mortgage loans in the secondary mortgage market and has retained the servicing responsibility and receives fees for the services provided. Total loans serviced for others at December 31, 2025 and June 30, 2025 amounted to $23.3 million and $22.4 million, respectively, and are not included on the accompanying consolidated balance sheets.

Activity in the allowance for credit losses, by segment, for the three months ended December 31, 2025 follows:


	Residential Real Estate		Commercial Real Estate		Multi-family		Construction			Home Equity		Commercial		Consumer		Unallocated		Total
	(In thousands)
Allowance for credit losses-loans
Balance at September 30, 2025	$	1,558	$	782	$	1,109	$	767		$	102	$	37	$	1	$	—	$	4,356
Provision for credit losses		23		41		29		171			14		—		—		72		350
Loans charged-off		—		—		—		(310	)		—		—		—		—		(310	)
Recoveries		—		—		—		—			—		—		—		—		—
Balance at December 31, 2025	$	1,581	$	823	$	1,138	$	628		$	116	$	37	$	1	$	72	$	4,396

	Residential Real Estate		Commercial Real Estate		Multi-family		Construction			Home Equity		Commercial		Consumer		Unallocated		Total
	(In thousands)
Allowance for off balance sheet credit exposures
Balance at September 30, 2025	$	2	$	5	$	1	$	315		$	63	$	5	$	—	$	—	$	391
Provision (benefit) for credit losses		1		—		68		(39	)		8		—		—		—		38
Balance at December 31, 2025	$	3	$	5	$	69	$	276		$	71	$	5	$	—	$	—	$	429

Activity in the allowance for credit losses, by segment, for the six months ended December 31, 2025 follows:


	Residential Real Estate			Commercial Real Estate			Multi-family		Construction			Home Equity		Commercial			Consumer			Unallocated		Total
	(In thousands)
Allowance for credit losses-loans
Balance at June 30, 2025	$	1,510		$	579		$	944	$	705		$	113	$	298		$	2		$	—	$	4,151
Provision (benefit) for credit losses		71			244			194		233			3		9			(1	)		72		825
Loans charged-off		—			—			—		(310	)		—		(270	)		—			—		(580	)
Recoveries		—			—			—		—			—		—			—			—		—
Balance at December 31, 2025	$	1,581		$	823		$	1,138	$	628		$	116	$	37		$	1		$	72	$	4,396

	Residential Real Estate			Commercial Real Estate			Multi-family		Construction			Home Equity		Commercial			Consumer			Unallocated		Total
	(In thousands)
Allowance for off balance sheet credit exposures
Balance at June 30, 2025	$	60		$	16		$	25	$	1,067		$	4	$	14		$	—		$	—	$	1,186
Provision (benefit) for credit losses		(57	)		(11	)		44		(791	)		67		(9	)		—					(757	)
Balance at December 31, 2025	$	3		$	5		$	69	$	276		$	71	$	5		$	—		$	—	$	429

The increase in the allowance for credit losses on loans during the six months ended December 31, 2025 was due to the change in methodology and overall growth in the loan portfolio. The decrease in the allowance for credit losses for the off balance sheet credit exposures was due to the change in methodology and a decrease in unadvanced credit lines.

The allowance for credit losses, by loan segment, at December 31, 2025 and June 30, 2025 follows:


	Residential Real Estate		Commercial Real Estate		Multi-family		Construction		Home Equity		Commercial		Consumer		Unallocated		Total
	(In thousands)
December 31, 2025
Allowance for individually evaluated loans	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Allowance for collectively evaluated loans		1,581		823		1,138		628		116		37		1		72		4,396
Total allowance for credit losses	$	1,581	$	823	$	1,138	$	628	$	116	$	37	$	1	$	72	$	4,396
Individually evaluated loans	$	538	$	1,166	$	—	$	1,920	$	—	$	—	$	—			$	3,624
Collectively evaluated loans		367,961		104,522		191,081		102,916		28,805		3,991		220				799,496
Total loans	$	368,499	$	105,688	$	191,081	$	104,836	$	28,805	$	3,991	$	220			$	803,120


	Residential Real Estate		Commercial Real Estate		Multi-family		Construction		Home Equity		Commercial		Consumer		Unallocated		Total
	(In thousands)
June 30, 2025
Allowance for individually evaluated loans	$	—	$	—	$	—	$	—	$	—	$	270	$	—	$	—	$	270
Allowance for collectively evaluated loans		1,510		579		944		705		113		28		2		—		3,881
Total allowance for credit losses	$	1,510	$	579	$	944	$	705	$	113	$	298	$	2	$	—	$	4,151
Individually evaluated loans	$	741	$	1,166	$	—	$	—	$	—	$	270	$	—			$	2,177
Collectively evaluated loans		357,007		101,104		166,691		95,941		26,786		4,065		339				751,933
Total loans	$	357,748	$	102,270	$	166,691	$	95,941	$	26,786	$	4,335	$	339			$	754,110

Activity in the allowance for credit losses, by segment, for the three months ended December 31, 2024 follows:


	Residential Real Estate		Commercial Real Estate		Multi-family		Construction		Home Equity		Commercial		Consumer		Unallocated		Total
	(In thousands)
Allowance for credit losses-loans
Balance at September 30, 2024	$	1,349	$	444	$	680	$	720	$	101	$	30	$	5	$	30	$	3,359
Provision for credit losses		16		68		51		86		1		8		—		8		238
Loans charged-off		—		—		—		—		—		—		—		—		—
Recoveries		—		—		—		—		—		38		—		—		38
Balance at December 31, 2024	$	1,365	$	512	$	731	$	806	$	102	$	76	$	5	$	38	$	3,635

	Residential Real Estate		Commercial Real Estate		Multi-family		Construction		Home Equity		Commercial		Consumer		Unallocated		Total
	(In thousands)
Allowance for off balance sheet credit exposures
Balance at September 30, 2024	$	38	$	6	$	10	$	1,005	$	3	$	15	$	—	$	—	$	1,077
Provision for credit losses		—		—		—		—		—		—		—		—		—
Balance at December 31, 2024	$	38	$	6	$	10	$	1,005	$	3	$	15	$	—	$	—	$	1,077

Activity in the allowance for credit losses, by segment, for the six months ended December 31, 2024 follows:


	Residential Real Estate			Commercial Real Estate			Multi-family			Construction		Home Equity			Commercial			Consumer			Unallocated			Total
	(In thousands)
Allowance for credit losses-loans
Balance at June 30, 2024	$	1,292		$	485		$	710		$	778	$	102		$	39		$	9		$	36		$	3,451
Provision (benefit) for credit losses		73			112			21			28		—			1,279			(4	)		2			1,511
Loans charged-off		—			(85	)		—			—		—			(1,280	)		—			—			(1,365	)
Recoveries		—			—			—			—		—			38			—			—			38
Balance at December 31, 2024	$	1,365		$	512		$	731		$	806	$	102		$	76		$	5		$	38		$	3,635

	Residential Real Estate			Commercial Real Estate			Multi-family			Construction		Home Equity			Commercial			Consumer			Unallocated			Total
	(In thousands)
Allowance for off balance sheet credit exposures
Balance at June 30, 2024	$	47		$	9		$	14		$	937	$	4		$	16		$	—		$	161		$	1,188
Provision (benefit) for credit losses		(9	)		(3	)		(4	)		68		(1	)		(1	)		—			(161	)		(111	)
Balance at December 31, 2024	$	38		$	6		$	10		$	1,005	$	3		$	15		$	—		$	—		$	1,077

There are no loans 90 days or greater past due and still accruing at December 31, 2025 and June 30, 2025. The balance of accrued interest receivable on loans was $2.7 million at December 31, 2025 and $2.0 million at June 30, 2025. There was $30,000 of accrued interest reversed on non-accrual loans during the three and six months ended December 31, 2024. There was no accrued interest reversed during the three and six months end December 31, 2025.

No additional funds are committed to be advanced in connection with the individually evaluated loans. There were no loan modifications to borrowers experiencing financial difficulty during the six months ended December 31, 2025 and the year ended June 30, 2025.

The Company has a ten-grade internal loan rating system for commercial real estate, multi-family, commercial, and construction loans as follows:

On a periodic basis, management formally reviews the ratings on all commercial real estate, multi-family, commercial, and construction loans. Annually, the Company engages an independent third party to review a significant portion of the loans within these segments. Management uses the results of these reviews as part of its internal review process.

Credit quality for residential real estate, home equity loans and lines-of-credit, and consumer loans is determined by monitoring delinquency reports and loan payment history, and through on-going communication with customers.

The following table presents the Company’s risk rated loans by year of origination and gross write-offs at and for the six months ended December 31, 2025:


	As of December 31, 2025
	Loans amortized cost basis by origination year
Rating:	2025		2024		2023		2022		2021		Prior		Total
	(In thousands)
Residential Real Estate:
Performing	$	50,769	$	36,589	$	41,853	$	44,127	$	69,309	$	125,184	$	367,831
Watch		—		—		—		—		—		560		560
Substandard		—		—		—		—		—		108		108
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
Total	$	50,769	$	36,589	$	41,853	$	44,127	$	69,309	$	125,852	$	368,499
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial Real Estate:
1-6 (Pass)	$	22,072	$	5,826	$	16,774	$	25,230	$	4,170	$	30,376	$	104,448
7 (Watch)		—		—		—		—		—		—		—
8 (Substandard)		—		—		—		—		—		74		74
9 (Doubtful)		—		—		—		—		—		1,166		1,166
10 (Loss)		—		—		—		—		—		—		—
Total	$	22,072	$	5,826	$	16,774	$	25,230	$	4,170	$	31,616	$	105,688
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Multi-family:
1-6 (Pass)	$	48,547	$	10,006	$	34,200	$	49,795	$	13,924	$	34,609	$	191,081
7 (Watch)		—		—		—		—		—		—		—
8 (Substandard)		—		—		—		—		—		—		—
9 (Doubtful)		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—
Total	$	48,547	$	10,006	$	34,200	$	49,795	$	13,924	$	34,609	$	191,081
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Construction:
1-6 (Pass)	$	30,579	$	29,685	$	17,784	$	24,770	$	—	$	98	$	102,916
7 (Watch)		—		—		—		—		—		—		—
8 (Substandard)		—		—		1,920		—		—		—		1,920
9 (Doubtful)		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—
Total	$	30,579	$	29,685	$	19,704	$	24,770	$	—	$	98	$	104,836
Current-period gross write-offs	$	—	$	—	$	310	$	—	$	—	$	—	$	310
Home equity loans and lines-of-credit:
Performing	$	4,681	$	3,181	$	3,167	$	4,507	$	3,826	$	9,443	$	28,805
Watch		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
Total	$	4,681	$	3,181	$	3,167	$	4,507	$	3,826	$	9,443	$	28,805
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial:
1-6 (Pass)	$	—	$	—	$	679	$	2,048	$	74	$	1,190	$	3,991
7 (Watch)		—		—		—		—		—		—		—
8 (Substandard)		—		—		—		—		—		—		—
9 (Doubtful)		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—
Total	$	—	$	—	$	679	$	2,048	$	74	$	1,190	$	3,991
Current-period gross write-offs	$	—	$	270	$	—	$	—	$	—	$	—	$	270
Consumer:
Performing	$	38	$	11	$	3	$	41	$	27	$	100	$	220
Watch		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
Total	$	38	$	11	$	3	$	41	$	27	$	100	$	220
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—

The following table presents the Bank’s risk rated loans by year of origination and gross write-offs at and for the year ended June 30, 2025:


	As of June 30, 2025
	Loans amortized cost basis by origination year
Rating:	2025		2024		2023		2022		2021		Prior		Total
	(In thousands)
Residential Real Estate:
Performing	$	42,577	$	40,068	$	45,204	$	50,964	$	80,363	$	97,661	$	356,837
Watch		—		—		—		—		—		571		571
Substandard		—		—		—		—		—		340		340
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
Total	$	42,577	$	40,068	$	45,204	$	50,964	$	80,363	$	98,572	$	357,748
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial Real Estate:
1-6 (Pass)	$	16,761	$	7,748	$	26,080	$	16,091	$	696	$	33,046	$	100,422
7 (Watch)		—		—		—		—		—		606		606
8 (Substandard)		—		—		—		—		—		76		76
9 (Doubtful)		—		—		—		—		—		1,166		1,166
10 (Loss)		—		—		—		—		—		—		—
Total	$	16,761	$	7,748	$	26,080	$	16,091	$	696	$	34,894	$	102,270
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	85	$	85
Multi-family:
1-6 (Pass)	$	31,823	$	6,960	$	59,122	$	29,416	$	21,366	$	18,004	$	166,691
7 (Watch)		—		—		—		—		—		—		—
8 (Substandard)		—		—		—		—		—		—		—
9 (Doubtful)		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—
Total	$	31,823	$	6,960	$	59,122	$	29,416	$	21,366	$	18,004	$	166,691
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Construction:
1-6 (Pass)	$	23,129	$	34,068	$	35,878	$	—	$	—	$	147	$	93,222
7 (Watch)		—		—		2,719		—		—		—		2,719
8 (Substandard)		—		—		—		—		—		—		—
9 (Doubtful)		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—
Total	$	23,129	$	34,068	$	38,597	$	—	$	—	$	147	$	95,941
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Home equity loans and lines-of-credit:
Performing	$	3,554	$	2,975	$	4,325	$	4,147	$	3,307	$	8,478	$	26,786
Watch		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
Total	$	3,554	$	2,975	$	4,325	$	4,147	$	3,307	$	8,478	$	26,786
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial:
1-6 (Pass)	$	—	$	—	$	1,551	$	986	$	—	$	1,528	$	4,065
7 (Watch)		—		—		—		—		—		—		—
8 (Substandard)		—		—		—		—		—		—		—
9 (Doubtful)		—		270		—		—		—		—		270
10 (Loss)		—		—		—		—		—		—		—
Total	$	—	$	270	$	1,551	$	986	$	—	$	1,528	$	4,335
Current-period gross write-offs	$	—	$	1,330	$	—	$	—	$	—	$	—	$	1,330
Consumer:
Performing	$	21	$	11	$	81	$	51	$	44	$	131	$	339
Watch		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
Total	$	21	$	11	$	81	$	51	$	44	$	131	$	339
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—