Loans and Allowance for Credit Losses on Loans (Tables)

9 Months Ended

Mar. 31, 2026

Loans and Allowance for Credit Losses on Loans [Abstract]

Loan segments are summarized below as of the dates indicated:


(In thousands)		March 31, 2026			June 30, 2025
Residential real estate	$	415,749		$	417,719
Commercial real estate		1,151,349			1,054,504
Home equity		41,779			34,103
Consumer		3,845			4,311
Commercial		134,981			116,769
Total gross loans (1)(2)		1,747,703			1,627,406
Allowance for credit losses on loans		(21,778	)		(20,146	)
Loans receivable, net	$	1,725,925		$	1,607,260

⁽¹⁾

Loan balances include net deferred fees/(costs) of ($490,000) and ($567,000) at March 31, 2026 and June 30, 2025, respectively.

⁽²⁾

Loan balances exclude accrued interest receivable of $8.0 million and $7.0 million at March 31, 2026 and June 30, 2025, respectively, which is included in accrued interest receivable in the consolidated statement of financial condition.

Delinquent and/or Nonaccrual Loans by Past Due Status

The following table sets forth information regarding delinquent and/or non-accrual loans as of March 31, 2026:


(In thousands)		30-59 days past due		60-89 days past due		90 days or more past due		Total past due		Current		Total loans		Loans on non- accrual
Residential real estate	$	4,212	$	133	$	870	$	5,215	$	410,534	$	415,749	$	2,180
Commercial real estate		548		2,661		326		3,535		1,147,814		1,151,349		556
Home equity		14		128		29		171		41,608		41,779		202
Consumer		17		-		6		23		3,822		3,845		6
Commercial		82		-		129		211		134,770		134,981		129
Total gross loans	$	4,873	$	2,922	$	1,360	$	9,155	$	1,738,548	$	1,747,703	$	3,073

The following table sets forth information regarding delinquent and/or non-accrual loans as of June 30, 2025:


(In thousands)		30-59 days past due		60-89 days past due		90 days or more past due		Total past due		Current		Total loans		Loans on non- accrual
Residential real estate	$	-	$	775	$	1,362	$	2,137	$	415,582	$	417,719	$	2,265
Commercial real estate		-		209		367		576		1,053,928		1,054,504		628
Home equity		85		13		30		128		33,975		34,103		30
Consumer		20		3		2		25		4,286		4,311		2
Commercial		-		-		106		106		116,663		116,769		135
Total gross loans	$	105	$	1,000	$	1,867	$	2,972	$	1,624,434	$	1,627,406	$	3,060

Activity and Allocation of Allowance for Loan Losses

The following tables set forth the activity and allocation of the allowance for credit losses on loans by segment:



		Activity for the three months ended March 31, 2026
(In thousands)		Residential real estate			Commercial real estate		Home equity		Consumer			Commercial			Total
Balance at December 31, 2025	$	4,625		$	13,419	$	340	$	318		$	2,632		$	21,334
Charge-offs		-			-		-		(100	)		(6	)		(106	)
Recoveries		-			1		-		23			9			33
Provision (benefit)		(10	)		345		4		59			119			517
Balance at March 31, 2026	$	4,615		$	13,765	$	344	$	300		$	2,754		$	21,778



		Activity for the three months ended March 31, 2025
(In thousands)		Residential real estate		Commercial real estate		Home equity		Consumer			Commercial			Total
Balance at December 31, 2024	$	4,531	$	12,933	$	234	$	414		$	2,079		$	20,191
Charge-offs		-		-		-		(93	)		(44	)		(137	)
Recoveries		-		1		-		31			9			41
Provision		65		865		6		53			112			1,101
Balance at March 31, 2025	$	4,596	$	13,799	$	240	$	405		$	2,156		$	21,196



		Activity for the nine months ended March 31, 2026
(In thousands)		Residential real estate			Commercial real estate		Home equity		Consumer			Commercial			Total
Balance at June 30, 2025	$	4,613		$	12,614	$	260	$	381		$	2,278		$	20,146
Charge-offs		(43	)		-		-		(285	)		(51	)		(379	)
Recoveries		2			3		-		78			23			106
Provision		43			1,148		84		126			504			1,905
Balance at March 31, 2026	$	4,615		$	13,765	$	344	$	300		$	2,754		$	21,778



		Activity for the nine months ended March 31, 2025
(In thousands)		Residential real estate		Commercial real estate			Home equity			Consumer			Commercial			Total
Balance at June 30, 2024	$	4,237	$	12,218		$	212		$	500		$	2,077		$	19,244
Charge-offs		(44)		(5	)		(13	)		(293	)		(57	)		(412	)
Recoveries		2		3			-			75			27			107
Provision		401		1,583			41			123			109			2,257
Balance at March 31, 2025	$	4,596	$	13,799		$	240		$	405		$	2,156		$	21,196

Loans Modified to Borrowers Experiencing Financial Difficulty by type of Concession Granted

The following tables present the amortized cost basis of the Company’s loans by class and vintage and includes gross charge-offs by loan class and vintage as of the nine months ended March 31, 2026:






		At March 31, 2026
		Term loans amortized cost basis by origination year												Revolving loans amortized cost basis		Revolving loans converted to term		Total
(In thousands)		2026		2025		2024		2023		2022		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Residential real estate
By payment activity status:
Performing	$	28,535	$	45,110	$	51,757	$	51,923	$	79,569	$	156,675	$	-	$	-	$	413,569
Non-performing		-		-		-		-		52		2,128		-		-		2,180
Total residential real estate		28,535		45,110		51,757		51,923		79,621		158,803		-		-		415,749
Current period gross charge-offs		-		-		-		-		-		43		-		-		43

Commercial real estate
By internally assigned grade:
Pass		124,078		221,081		118,960		169,053		222,328		264,016		3,055		433		1,123,004
Special mention		-		592		1,050		1,142		640		2,987		-		-		6,411
Substandard		-		-		-		8,863		150		12,849		-		72		21,934
Total commercial real estate		124,078		221,673		120,010		179,058		223,118		279,852		3,055		505		1,151,349
Current period gross charge-offs		-		-		-		-		-		-		-		-		-

Home equity
By payment activity status:
Performing		2,756		2,457		3,609		2,012		192		927		29,151		473		41,577
Non-performing		-		-		-		-		-		-		202		-		202
Total home equity		2,756		2,457		3,609		2,012		192		927		29,353		473		41,779
Current period gross charge-offs		-		-		-		-		-		-		-		-		-

Consumer
By payment activity status:
Performing		1,242		956		851		407		167		146		70		-		3,839
Non-performing		-		-		6		-		-		-		-		-		6
Total Consumer		1,242		956		857		407		167		146		70		-		3,845
Current period gross charge-offs		238		7		38		-		-		1		1		-		285

Commercial
By internally assigned grade:
Pass		26,592		9,632		9,324		6,728		3,555		23,578		48,879		178		128,466
Special mention		-		-		-		-		94		244		160		-		498
Substandard		-		-		-		9		5,433		499		50		26		6,017
Total Commercial	$	26,592	$	9,632	$	9,324	$	6,737	$	9,082	$	24,321	$	49,089	$	204	$	134,981
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	-	$	51	$	-	$	51






		At June 30, 2025
(In thousands)		Term loans amortized cost basis by origination year												Revolving loans amortized cost basis		Revolving loans converted to term		Total
(In thousands)		2025		2024		2023		2022		2021		Prior		Revolving loans amortized cost basis		Revolving loans converted to term		Total
Residential real estate
By payment activity status:
Performing	$	42,672	$	55,665	$	58,277	$	85,153	$	71,560	$	102,127	$	-	$	-	$	415,454
Non-performing		-		-		-		56		-		2,209		-		-		2,265
Total residential real estate		42,672		55,665		58,277		85,209		71,560		104,336		-		-		417,719
Current period gross charge-offs		-		-		-		-		44		-		-		-		44

Commercial real estate
By internally assigned grade:
Pass		192,619		120,883		177,469		228,960		116,680		177,025		3,913		5,032		1,022,581
Special mention		-		479		1,339		656		263		4,747		-		-		7,484
Substandard		-		-		9,078		-		209		14,942		-		210		24,439
Total commercial real estate		192,619		121,362		187,886		229,616		117,152		196,714		3,913		5,242		1,054,504
Current period gross charge-offs		-		-		-		-		-		5		-		-		5

Home equity
By payment activity status:
Performing		2,753		4,761		2,437		229		315		791		22,637		150		34,073
Non-performing		-		-		-		-		-		-		30		-		30
Total home equity		2,753		4,761		2,437		229		315		791		22,667		150		34,103
Current period gross charge-offs		-		-		-		-		-		-		13		-		13

Consumer
By payment activity status:
Performing		1,631		1,371		689		346		149		51		72		-		4,309
Non-performing		2		-		-		-		-		-		-		-		2
Total Consumer		1,633		1,371		689		346		149		51		72		-		4,311
Current period gross charge-offs		335		40		-		10		1		-		-		-		386

Commercial
By internally assigned grade:
Pass		11,917		11,031		8,157		4,584		12,482		15,106		45,905		68		109,250
Special mention		-		-		-		50		-		93		238		183		564
Substandard		-		-		-		6,279		30		568		78		-		6,955
Total Commercial	$	11,917	$	11,031	$	8,157	$	10,913	$	12,512	$	15,767	$	46,221	$	251	$	116,769
Current period gross charge-offs	$	-	$	-	$	-	$	-	$	-	$	38	$	28	$	-	$	66

Loans Modified to Borrowers Experiencing Financial Difficulty by type of Concession Granted

The following tables present the amortized cost basis of the loans modified to borrowers experiencing financial difficulty by type of concession granted:



		For the three months ended March 31, 2026
		Term extension
(Dollars in thousands)		Amortized cost	Percentage of total class
Commercial real estate	$	299	0.03	%
Total	$	299



		For the three months ended March 31, 2025
		Term extension
(Dollars in thousands)		Amortized cost	Percentage of total class
Commercial real estate	$	299	0.03	%
Total	$	299




		For the nine months ended March 31, 2026
		Term extension				Interest rate reduction
(Dollars in thousands)		Amortized cost	Percentage of total class			Amortized cost	Percentage of total class
Commercial real estate	$	371	0.03	%	$	2,451	0.21	%
Total	$	371			$	2,451



		For the nine months ended March 31, 2025
		Term extension				Interest rate reduction
(Dollars in thousands)		Amortized cost	Percentage of total class			Amortized cost	Percentage of total class
Commercial real estate	$	299	0.03	%	$	2,545	0.24	%
Total	$	299			$	2,545

Financial Effect of Modifications Made to Borrowers Experiencing Financial Difficulty

The following tables presents the financial effect of the modifications made to borrowers experiencing financial difficulty:


		For the three months ended March 31, 2026
Loan type		Term extension
Commercial real estate		6 month term extension


		For the three months ended March 31, 2025
Loan type		Term extension
Commercial real estate		12 month term extension


	For the nine months ended March 31, 2026
Loan type	Term extension	Interest rate reduction
Commercial real estate	6 and 39 month term extensions	Interest rates were reduced by an average of 1.00%


	For the nine months ended March 31, 2025
Loan type	Term extension	Interest rate reduction
Commercial real estate	12 month term extension	Interest rates were reduced by an average of 1.45%

Loans Modified to Borrowers Experiencing Financial Difficulty

The following table depicts the performance of loans that have been modified to borrowers experiencing financial difficulty that were modified in the prior twelve months at amortized cost basis:



		At March 31, 2026
(In thousands)		Current		30-59 days past due		60-89 days past due		90 days or more past due		Total
Commercial real estate	$	2,822	$	-	$	-	$	-	$	2,822
Total	$	2,822	$	-	$	-	$	-	$	2,822



		At March 31, 2025
(In thousands)		Current		30-59 days past due		60-89 days past due		90 days or more past due		Total
Commercial real estate	$	6,606	$	299	$	-	$	-	$	6,905
Consumer		-		16		-		-		16
Total	$	6,606	$	315	$	-	$	-	$	6,921