Loans (Tables)

6 Months Ended

Dec. 31, 2025

Receivables [Abstract]

Summary of the balances of loans

A summary of the balances of loans follows:


		December 31,				June 30,
		2025				2025
		(In thousands)
Mortgage loans:
Residential real estate		$	368,499			$	357,748
Commercial real estate			105,688				102,270
Multi-family			191,081				166,691
Construction			104,836				95,941
Home equity loans and lines-of-credit			28,805				26,786
Total mortgage loans			798,909				749,436
Commercial loans			3,991				4,335
Consumer loans			220				339
Total loans			803,120				754,110
Allowance for credit losses			(4,396	)			(4,151	)
Net deferred loan origination costs			1,429				1,261
Loans, net		$	800,153			$	751,220

Summary of Activity in the Allowance for Credit Losses by Segment

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

Summary of Past Due and Non-Accrual Loans

The following is a summary of past due and non-accrual loans at December 31, 2025 and June 30, 2025:


		30-59 Days Past Due				60-89 Days Past Due				90 Days or Greater Past Due				Total Past Due				Loans on Non-accrual
		(In thousands)
December 31, 2025
Residential real estate		$	1,050			$	—			$	74			$	1,124			$	538
Commercial real estate			—				—				1,166				1,166				1,166
Construction			—				1,920				—				1,920				1,920
Consumer			6				—				—				6				—
Total		$	1,056			$	1,920			$	1,240			$	4,216			$	3,624


		30-59 Days Past Due				60-89 Days Past Due				90 Days or Greater Past Due				Total Past Due				Loans on Non-accrual
		(In thousands)
June 30, 2025
Residential real estate		$	—			$	—			$	340			$	340			$	777
Commercial real estate			—				—				1,166				1,166				1,166
Commercial			—				—				270				270				270
Total		$	—			$	—			$	1,776			$	1,776			$	2,213

Summary of Bank's Risk Related Loans by Year of Origination and Gross Write-offs

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		$	—			$	—			$	—			$	—			$	—			$	—			$	—