The following tables present the amortized cost, gross unrealized gains and losses and estimated fair values for available for sale securities and the amortized cost, gross unrecognized gains and losses and estimated fair values for held to maturity securities as of the dates indicated:


	March 31, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
	(In Thousands)
Available for sale:
Debt securities:

Asset-backed securities	$	55,703	$	28	$	550	$	—	$	55,181
Collateralized loan obligations	226,167		435		506		—		226,096
Corporate bonds	161,538		1,003		4,419		—		158,122
Total debt securities	443,408		1,466		5,475		—		439,399

Mortgage-backed securities:
Collateralized mortgage obligations (1)	24,894		—		154		—		24,740
Residential pass-through securities (1)	462,345		464		73,490		—		389,319
Commercial pass-through securities (1)	149,512		444		20,089		—		129,867
Total mortgage-backed securities	636,751		908		93,733		—		543,926

Total securities available for sale	$	1,080,159	$	2,374	$	99,208	$	—	$	983,325


	June 30, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Allowance for Credit Losses		Fair Value
	(In Thousands)
Available for sale:
Debt securities:

Asset-backed securities	$	60,255	$	59	$	816	$	—	$	59,498
Collateralized loan obligations	322,407		956		118		—		323,245
Corporate bonds	149,550		235		9,668		—		140,117
Total debt securities	532,212		1,250		10,602		—		522,860

Mortgage-backed securities:

Residential pass-through securities (1)	440,168		329		83,178		—		357,319
Commercial pass-through securities (1)	152,731		436		20,377		—		132,790
Total mortgage-backed securities	592,899		765		103,555		—		490,109

Total securities available for sale	$	1,125,111	$	2,015	$	114,157	$	—	$	1,012,969


	March 31, 2026
	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Allowance for Credit Losses		Fair Value
	(In Thousands)
Held to maturity:
Debt securities:
Obligations of state and political subdivisions	$	5,666	$	—	$	29	$	—	$	5,637
Total debt securities	5,666		—		29		—		5,637

Mortgage-backed securities:
Residential pass-through securities (1)	92,758		290		10,476		—		82,572
Commercial pass-through securities (1)	12,157		—		1,288		—		10,869
Total mortgage-backed securities	104,915		290		11,764		—		93,441

Total securities held to maturity	$	110,581	$	290	$	11,793	$	—	$	99,078


	June 30, 2025
	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses		Allowance for Credit Losses		Fair Value
	(In Thousands)
Held to maturity:
Debt securities:
Obligations of state and political subdivisions	$	7,553	$	1	$	74	$	—	$	7,480
Total debt securities	7,553		1		74		—		7,480

Mortgage-backed securities:
Residential pass-through securities (1)	100,482		102		12,024		—		88,560
Commercial pass-through securities (1)	12,182		—		1,510		—		10,672
Total mortgage-backed securities	112,664		102		13,534		—		99,232

Total securities held to maturity	$	120,217	$	103	$	13,608	$	—	$	106,712


	March 31, 2026
	Amortized Cost		Fair Value
	(In Thousands)
Available for sale debt securities:
Due in one year or less	$	—	$	—
Due after one year through five years	34,152		33,766
Due after five years through ten years	240,885		238,300
Due after ten years	168,371		167,333
Total	$	443,408	$	439,399

The following tables present the gross unrealized losses on securities and the estimated fair value of the related securities, aggregated by investment category and length of time that securities have been in a continuous unrealized loss position within the available for sale portfolio at March 31, 2026 and June 30, 2025:


	March 31, 2026
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Number of Securities	Fair Value		Unrealized Losses
	(Dollars in Thousands)
Securities Available for Sale:

Asset-backed securities	$	1,981	$	9	$	43,964	$	541	7	$	45,945	$	550
Collateralized loan obligations	157,295		502		8,405		4		14	165,700		506
Corporate bonds	15,989		36		95,630		4,383		20	111,619		4,419
Collateralized mortgage obligations	24,740		154		—		—		1	24,740		154
Commercial pass-through securities	—		—		107,248		20,089		7	107,248		20,089
Residential pass-through securities	48,514		392		302,720		73,098		95	351,234		73,490
Total	$	248,519	$	1,093	$	557,967	$	98,115	144	$	806,486	$	99,208


	June 30, 2025
	Less than 12 Months				12 Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Number of Securities	Fair Value		Unrealized Losses
	(Dollars in Thousands)
Securities Available for Sale:

Asset-backed securities	$	29,860	$	493	$	18,526	$	323	7	$	48,386	$	816
Collateralized loan obligations	105,251		82		14,964		36		8	120,215		118
Corporate bonds	1,987		38		112,395		9,630		22	114,382		9,668

Commercial pass-through securities	—		—		109,817		20,377		7	109,817		20,377
Residential pass-through securities	21,942		109		314,871		83,069		99	336,813		83,178
Total	$	159,040	$	722	$	570,573	$	113,435	143	$	729,613	$	114,157

Available for sale securities are evaluated to determine if a decline in fair value below the amortized cost basis has resulted from a credit loss or from other factors. An impairment related to credit factors would be recorded through an allowance for credit losses. The allowance is limited to the amount by which the security’s amortized cost basis exceeds the fair value. An impairment that has not been recorded through an allowance for credit losses shall be recorded through other comprehensive income, net of applicable taxes. Investment securities will be written down to fair value through the Consolidated Statement of Income if management intends to sell, or may be required to sell, the securities before they recover in value. The issuers of these securities continue to make timely principal and interest payments and none of these securities were past due or were placed in nonaccrual status at March 31, 2026. The Company also monitors the credit quality of the issuers through credit ratings from various rating agencies. Credit ratings express opinions about the credit quality of a security and are utilized by the Company to make informed decisions. Management believes that the unrealized losses on these securities are a function of changes in market interest rates and credit spreads, not changes in credit quality. No allowance for credit losses was recorded at March 31, 2026 on available for sale securities.

At March 31, 2026, the held to maturity securities portfolio consisted of agency mortgage-backed securities and obligations of state and political subdivisions. The mortgage-backed securities are issued by U.S. government agencies and are implicitly guaranteed by the U.S. government. The obligations of state and political subdivisions in the portfolio are highly rated by major rating agencies and have a long history of no credit losses. The Company regularly monitors the obligations of state and political subdivisions sector of the market and reviews collectability including such factors as the financial condition of the issuers as well as credit ratings in effect as of the reporting period. No allowance for credit losses was recorded at March 31, 2026 on held to maturity securities.