Securities (Tables)
|
6 Months Ended |
Dec. 31, 2025 |
|---|
| Investments, Debt and Equity Securities [Abstract] |
|
| Summary of Amortized Cost and Fair Value of Available for Sale and Held to Maturity Securities |
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:
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December 31, 2025 |
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|
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 |
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|
|
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|
|
|
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|
|
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 |
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|
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 |
|
|
| Summary of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity |
The amortized cost and fair value of debt securities by contractual maturity at December 31, 2025 are shown as follows.
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Available for Sale |
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Held to Maturity |
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|
Amortized
Cost |
|
|
Fair
Value |
|
|
Amortized
Cost |
|
|
Fair
Value |
|
|
|
(In thousands) |
|
Within 1 year |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,453 |
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|
$ |
2,442 |
|
Over 1 year through 5 years |
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|
10,410 |
|
|
|
9,664 |
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|
|
29,457 |
|
|
|
28,223 |
|
Over 5 years through 10 years |
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|
6,994 |
|
|
|
6,995 |
|
|
|
— |
|
|
|
— |
|
Over 10 years |
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|
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 |
|
|
| Summary of Information Pertaining to Securities With Gross Unrealized Losses |
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:
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Less Than Twelve Months |
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Twelve Months or Over |
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|
Gross
Unrealized
Losses |
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|
Fair
Value |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
|
|
|
|
|
(In thousands) |
|
|
|
|
December 31, 2025 |
|
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|
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 |
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
Less Than Twelve Months |
|
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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 |
|
|