The Company has sold mortgage loans in the secondary mortgage market and has retained the servicing responsibility and receives fees for the services provided. Total loans serviced for others at March 31, 2026 and June 30, 2025 amounted to $22.3 million and $22.4 million, respectively, and are not included on the accompanying consolidated balance sheets.

Activity in the allowance for credit losses, by segment, for the three months ended March 31, 2026 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 December 31, 2025	$	1,581	$	823		$	1,138		$	628		$	116		$	37		$	1	$	72		$	4,396
Provision (benefit) for credit losses		73		(64	)		188			35			(9	)		2			—		(72	)		153
Loans charged-off		—		—			—			(12	)		—			—			—		—			(12	)
Recoveries		—		—			—			—			—			—			—		—			—
Balance at March 31, 2026	$	1,654	$	759		$	1,326		$	651		$	107		$	39		$	1	$	—		$	4,537

	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 December 31, 2025	$	3	$	5		$	69		$	276		$	71		$	5		$	—	$	—		$	429
Provision (benefit) for credit losses		1		—			(63	)		242			(7	)		(1	)		—		—			172
Balance at March 31, 2026	$	4	$	5		$	6		$	518		$	64		$	4		$	—	$	—		$	601

The increase in the allowance for credit losses on loans during the three months ended March 31, 2026 was due to the overall growth in the loan portfolio.

Activity in the allowance for credit losses, by segment, for the nine months ended March 31, 2026 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		144			180			382			268			(6	)		11			(1	)		—		978
Loans charged-off		—			—			—			(322	)		—			(270	)		—			—		(592	)
Recoveries		—			—			—			—			—			—			—			—		—
Balance at March 31, 2026	$	1,654		$	759		$	1,326		$	651		$	107		$	39		$	1		$	—	$	4,537

	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		(56	)		(11	)		(19	)		(549	)		60			(10	)		—			—		(585	)
Balance at March 31, 2026	$	4		$	5		$	6		$	518		$	64		$	4		$	—		$	—	$	601

The increase in the allowance for credit losses on loans during the nine months ended March 31, 2026 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.

The allowance for credit losses and total loans, by loan segment, at March 31, 2026 and June 30, 2025 follows:


	Residential Real Estate		Commercial Real Estate		Multi-family		Construction		Home Equity		Commercial		Consumer		Unallocated		Total
	(In thousands)
March 31, 2026
Allowance for individually evaluated loans	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Allowance for collectively evaluated loans		1,654		759		1,326		651		107		39		1		—		4,537
Total allowance for credit losses	$	1,654	$	759	$	1,326	$	651	$	107	$	39	$	1	$	—	$	4,537
Individually evaluated loans	$	501	$	1,166	$	—	$	—	$	—	$	—	$	—			$	1,667
Collectively evaluated loans		388,984		107,349		216,340		95,803		29,034		4,127		233				841,870
Total loans	$	389,485	$	108,515	$	216,340	$	95,803	$	29,034	$	4,127	$	233			$	843,537


	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 March 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 December 31, 2024	$	1,365	$	512	$	731	$	806		$	102	$	76		$	5		$	38		$	3,635
Provision (benefit) for credit losses		54		35		71		(113	)		6		3			(3	)		(38	)		15
Loans charged-off		—		—		—		—			—		(50	)		—			—			(50	)
Recoveries		—		—		—		—			—		—			—			—			—
Balance at March 31, 2025	$	1,419	$	547	$	802	$	693		$	108	$	29		$	2		$	—		$	3,600

	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 December 31, 2024	$	38	$	6	$	10	$	1,005		$	3	$	15		$	—		$	—		$	1,077
Provision (benefit) for credit losses		29		38		55		(157	)		2		(3	)		—			—			(36	)
Balance at March 31, 2025	$	67	$	44	$	65	$	848		$	5	$	12		$	—		$	—		$	1,041

Activity in the allowance for credit losses, by segment, for the nine months ended March 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, 2024	$	1,292	$	485		$	710	$	778		$	102	$	39		$	9		$	36		$	3,451
Provision (benefit) for credit losses		127		147			92		(85	)		6		1,282			(7	)		(36	)		1,526
Loans charged-off		—		(85	)		—		—			—		(1,330	)		—			—			(1,415	)
Recoveries		—		—			—		—			—		38			—			—			38
Balance at March 31, 2025	$	1,419	$	547		$	802	$	693		$	108	$	29		$	2		$	—		$	3,600

	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		20		35			51		(89	)		1		(4	)		—			(161	)		(147	)
Balance at March 31, 2025	$	67	$	44		$	65	$	848		$	5	$	12		$	—		$	—		$	1,041

There are no loans 90 days or greater past due and still accruing at March 31, 2026 and June 30, 2025. The balance of accrued interest receivable on loans was $2.8 million at March 31, 2026 and $2.5 million at June 30, 2025. There was no accrued interest reversed on non-accrual loans during the three months ended March 31, 2025. There was $30,000 of accrued interest reversed during the nine months end March 31, 2025. There was no accrued interest reversed on non-accrual loans during the three and nine months ended March 31, 2026.

No additional funds are committed to be advanced in connection with the individually evaluated loans. There were no loan modifications to borrowers experiencing financial difficulty during the nine months ended March 31, 2026 and the year ended June 30, 2025.

The Company has a ten-grade internal loan rating system for commercial real estate, multi-family, commercial, and construction loans as follows:

On a periodic basis, management formally reviews the ratings on all commercial real estate, multi-family, commercial, and construction loans. Annually, the Company engages an independent third party to review a significant portion of the loans within these segments. Management uses the results of these reviews as part of its internal review process.

Credit quality for residential real estate, home equity loans and lines-of-credit, and consumer loans is determined by monitoring delinquency reports and loan payment history, and through on-going communication with customers.

The following table presents the Company’s risk rated loans by year of origination and gross write-offs at and for the nine months ended March 31, 2026:


	As of March 31, 2026
	Loans amortized cost basis by origination year
Rating:	2026		2025		2024		2023		2022		Prior		Total
	(In thousands)
Residential Real Estate:
Performing	$	57,305	$	27,789	$	33,874	$	37,323	$	67,666	$	165,027	$	388,984
Watch		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		501		501
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
Total	$	57,305	$	27,789	$	33,874	$	37,323	$	67,666	$	165,528	$	389,485
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial Real Estate:
1-6 (Pass)	$	17,082	$	16,009	$	7,318	$	23,485	$	14,687	$	28,768	$	107,349
7 (Watch)		—		—		—		—		—		—		—
8 (Substandard)		—		—		—		—		—		—		—
9 (Doubtful)		—		—		—		—		—		1,166		1,166
10 (Loss)		—		—		—		—		—		—		—
Total	$	17,082	$	16,009	$	7,318	$	23,485	$	14,687	$	29,934	$	108,515
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Multi-family:
1-6 (Pass)	$	54,527	$	10,107	$	15,574	$	75,890	$	23,469	$	36,773	$	216,340
7 (Watch)		—		—		—		—		—		—		—
8 (Substandard)		—		—		—		—		—		—		—
9 (Doubtful)		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—
Total	$	54,527	$	10,107	$	15,574	$	75,890	$	23,469	$	36,773	$	216,340
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Construction:
1-6 (Pass)	$	42,327	$	34,776	$	9,457	$	9,169	$	—	$	74	$	95,803
7 (Watch)		—		—		—		—		—		—		—
8 (Substandard)		—		—		—		—		—		—		—
9 (Doubtful)		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—
Total	$	42,327	$	34,776	$	9,457	$	9,169	$	—	$	74	$	95,803
Current-period gross write-offs	$	—	$	—	$	322	$	—	$	—	$	—	$	322
Home equity loans and lines-of-credit:
Performing	$	5,825	$	988	$	1,470	$	4,434	$	5,810	$	10,507	$	29,034
Watch		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
Total	$	5,825	$	988	$	1,470	$	4,434	$	5,810	$	10,507	$	29,034
Current-period gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial:
1-6 (Pass)	$	225	$	—	$	176	$	2,558	$	49	$	1,119	$	4,127
7 (Watch)		—		—		—		—		—		—		—
8 (Substandard)		—		—		—		—		—		—		—
9 (Doubtful)		—		—		—		—		—		—		—
10 (Loss)		—		—		—		—		—		—		—
Total	$	225	$	—	$	176	$	2,558	$	49	$	1,119	$	4,127
Current-period gross write-offs	$	—	$	270	$	—	$	—	$	—	$	—	$	270
Consumer:
Performing	$	54	$	8	$	2	$	—	$	—	$	169	$	233
Watch		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—
Loss		—		—		—		—		—		—		—
Total	$	54	$	8	$	2	$	—	$	—	$	169	$	233
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	$	—	$	—	$	—	$	—	$	—	$	—	$	—