Securities (Tables)
|
9 Months Ended |
Mar. 31, 2026 |
|---|
| Investments, Debt and Equity Securities [Abstract] |
|
| Summary of Amortized Cost and Fair Value of Available for Sale and Held to Maturity Securities |
The amortized cost and fair value of available for sale and held to maturity securities, at March 31, 2026 and June 30, 2025, with gross unrealized gains and losses, follows:
|
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|
|
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|
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|
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|
March 31, 2026 |
|
|
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
|
|
(In thousands) |
|
Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government agency and U.S. Government-
sponsored enterprise obligations |
|
$ |
16,771 |
|
|
$ |
— |
|
|
$ |
(110 |
) |
|
$ |
16,661 |
|
U.S. Government agency and U.S. Government-
sponsored enterprise residential mortgage-
backed securities |
|
|
37,137 |
|
|
|
468 |
|
|
|
(129 |
) |
|
|
37,476 |
|
Corporate bonds and obligations |
|
|
11,880 |
|
|
|
— |
|
|
|
(813 |
) |
|
|
11,067 |
|
Total securities available for sale |
|
$ |
65,788 |
|
|
$ |
468 |
|
|
$ |
(1,052 |
) |
|
$ |
65,204 |
|
Securities Held to Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government and U.S. Government-sponsored
enterprise obligations |
|
$ |
30,717 |
|
|
$ |
— |
|
|
$ |
(783 |
) |
|
$ |
29,934 |
|
U.S. Government agency and U.S. Government-
sponsored enterprise residential mortgage-
backed securities |
|
|
16,917 |
|
|
|
100 |
|
|
|
(185 |
) |
|
|
16,832 |
|
Corporate bonds and obligations |
|
|
9,241 |
|
|
|
— |
|
|
|
(841 |
) |
|
|
8,400 |
|
Municipal bonds |
|
|
1,909 |
|
|
|
306 |
|
|
|
(70 |
) |
|
|
2,145 |
|
Total securities held to maturity |
|
$ |
58,784 |
|
|
$ |
406 |
|
|
$ |
(1,879 |
) |
|
$ |
57,311 |
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
|
|
Amortized
Cost |
|
|
Gross
Unrealized
Gains |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
|
|
(In thousands) |
|
Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government agency and U.S. Government-
sponsored enterprise obligations |
|
$ |
8,000 |
|
|
$ |
1 |
|
|
$ |
(39 |
) |
|
$ |
7,962 |
|
U.S. Government agency and U.S. Government-
sponsored enterprise residential mortgage-
backed securities |
|
|
22,485 |
|
|
|
119 |
|
|
|
(37 |
) |
|
|
22,567 |
|
Corporate bonds and obligations |
|
|
17,988 |
|
|
|
— |
|
|
|
(1,218 |
) |
|
|
16,770 |
|
Total securities available for sale |
|
$ |
48,473 |
|
|
$ |
120 |
|
|
$ |
(1,294 |
) |
|
$ |
47,299 |
|
Securities Held to Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government and U.S. Government-sponsored
enterprise obligations |
|
$ |
28,721 |
|
|
$ |
2 |
|
|
$ |
(1,034 |
) |
|
$ |
27,689 |
|
U.S. Government agency and U.S. Government-
sponsored enterprise residential mortgage-
backed securities |
|
|
17,233 |
|
|
|
82 |
|
|
|
(244 |
) |
|
|
17,071 |
|
Corporate bonds and obligations |
|
|
9,312 |
|
|
|
— |
|
|
|
(885 |
) |
|
|
8,427 |
|
Municipal bonds |
|
|
1,945 |
|
|
|
282 |
|
|
|
(91 |
) |
|
|
2,136 |
|
Total securities held to maturity |
|
$ |
57,211 |
|
|
$ |
366 |
|
|
$ |
(2,254 |
) |
|
$ |
55,323 |
|
|
| Summary of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity |
The amortized cost and fair value of debt securities by contractual maturity at March 31, 2026 are shown as follows.
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|
Available for Sale |
|
|
Held to Maturity |
|
|
|
Amortized
Cost |
|
|
Fair
Value |
|
|
Amortized
Cost |
|
|
Fair
Value |
|
|
|
(In thousands) |
|
Within 1 year |
|
$ |
1,013 |
|
|
$ |
998 |
|
|
$ |
6,450 |
|
|
$ |
6,373 |
|
Over 1 year through 5 years |
|
|
9,367 |
|
|
|
8,569 |
|
|
|
25,424 |
|
|
|
24,199 |
|
Over 5 years through 10 years |
|
|
6,490 |
|
|
|
6,435 |
|
|
|
4,995 |
|
|
|
4,947 |
|
Over 10 years |
|
|
11,781 |
|
|
|
11,726 |
|
|
|
4,998 |
|
|
|
4,960 |
|
|
|
|
28,651 |
|
|
|
27,728 |
|
|
|
41,867 |
|
|
|
40,479 |
|
U.S. Government agency and U.S. Government-
sponsored enterprise residential mortgage-
backed securities |
|
|
37,137 |
|
|
|
37,476 |
|
|
|
16,917 |
|
|
|
16,832 |
|
Total securities |
|
$ |
65,788 |
|
|
$ |
65,204 |
|
|
$ |
58,784 |
|
|
$ |
57,311 |
|
|
| Summary of Information Pertaining to Securities With Gross Unrealized Losses |
Information pertaining to securities with gross unrealized losses at March 31, 2026 and June 30, 2025, aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:
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|
|
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|
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|
Less Than Twelve Months |
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Twelve Months or Over |
|
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
|
|
|
|
|
(In thousands) |
|
|
|
|
March 31, 2026 |
|
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|
|
|
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|
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|
|
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|
Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government and U.S. Government-
sponsored enterprise obligations |
|
$ |
110 |
|
|
$ |
15,661 |
|
|
$ |
— |
|
|
$ |
— |
|
U.S. Government agency and U.S. Government-
sponsored enterprise residential mortgage-
backed securities |
|
|
124 |
|
|
|
10,170 |
|
|
|
5 |
|
|
|
2,122 |
|
Corporate bonds and obligations |
|
|
— |
|
|
|
— |
|
|
|
813 |
|
|
|
11,067 |
|
Total securities available for sale |
|
$ |
234 |
|
|
$ |
25,831 |
|
|
$ |
818 |
|
|
$ |
13,189 |
|
Securities Held to Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government and U.S. Government-sponsored
enterprise obligations |
|
$ |
223 |
|
|
$ |
4,773 |
|
|
$ |
560 |
|
|
$ |
25,161 |
|
U.S. Government agency and U.S. Government-
sponsored enterprise residential mortgage-
backed securities |
|
|
12 |
|
|
|
1,422 |
|
|
|
173 |
|
|
|
2,926 |
|
Corporate bonds and obligations |
|
|
— |
|
|
|
— |
|
|
|
841 |
|
|
|
8,400 |
|
Municipal bonds |
|
|
— |
|
|
|
— |
|
|
|
70 |
|
|
|
1,146 |
|
Total securities held to maturity |
|
$ |
235 |
|
|
$ |
6,195 |
|
|
$ |
1,644 |
|
|
$ |
37,633 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less Than Twelve Months |
|
|
Twelve Months or Over |
|
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
|
Gross
Unrealized
Losses |
|
|
Fair
Value |
|
|
|
|
|
|
(In thousands) |
|
|
|
|
June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Securities Available for Sale |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government and U.S. Government-
sponsored enterprise obligations |
|
$ |
39 |
|
|
$ |
6,961 |
|
|
$ |
— |
|
|
$ |
— |
|
U.S. Government agency and U.S. Government-
sponsored enterprise residential mortgage-
backed securities |
|
|
29 |
|
|
|
6,697 |
|
|
|
8 |
|
|
|
2,438 |
|
Corporate bonds and obligations |
|
|
— |
|
|
|
— |
|
|
|
1,218 |
|
|
|
16,770 |
|
Total securities available for sale |
|
$ |
68 |
|
|
$ |
13,658 |
|
|
$ |
1,226 |
|
|
$ |
19,208 |
|
Securities Held to Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government and U.S. Government-sponsored
enterprise obligations |
|
$ |
19 |
|
|
$ |
2,981 |
|
|
$ |
1,015 |
|
|
$ |
22,209 |
|
U.S. Government agency and U.S. Government-
sponsored enterprise residential mortgage-
backed securities |
|
|
20 |
|
|
|
6,297 |
|
|
|
224 |
|
|
|
3,177 |
|
Corporate bonds and obligations |
|
|
— |
|
|
|
— |
|
|
|
885 |
|
|
|
8,427 |
|
Municipal bonds |
|
|
— |
|
|
|
— |
|
|
|
91 |
|
|
|
1,136 |
|
Total securities held to maturity |
|
$ |
39 |
|
|
$ |
9,278 |
|
|
$ |
2,215 |
|
|
$ |
34,949 |
|
|