401(k) Retirement Plan |
9 Months Ended |
|---|---|
Mar. 31, 2026 | |
| 401(k) Retirement Plan | |
| 401(k) Retirement Plan | Note 10: 401(k) Retirement Plan The Bank has a 401(k) retirement plan that covers substantially all eligible employees. The Bank made “safe harbor” matching contributions to the Plan of up to 4% of eligible compensation, depending upon the percentage of eligible pay deferred into the plan by the employee, and also made additional, discretionary profit-sharing contributions for fiscal 2025. For fiscal 2026, the Bank has maintained the safe harbor matching contribution of up to 4%, and expects to continue to make additional, discretionary profit-sharing contributions. During the three- and nine-month periods ended March 31, 2026, retirement plan expenses recognized for the Plan totaled approximately $826,000 and $2.4 million, respectively, as compared to $521,000 and $1.9 million for the same periods of the prior fiscal year, respectively. Employee deferrals and safe harbor contributions are fully vested. Profit-sharing or other contributions vest over a period of five years. |