Loans (Tables)

9 Months Ended

Mar. 31, 2026

Receivables [Abstract]

Summary of the balances of loans

A summary of the balances of loans follows:


		March 31,				June 30,
		2026				2025
		(In thousands)
Mortgage loans:
Residential real estate		$	389,485			$	357,748
Commercial real estate			108,515				102,270
Multi-family			216,340				166,691
Construction			95,803				95,941
Home equity loans and lines-of-credit			29,034				26,786
Total mortgage loans			839,177				749,436
Commercial loans			4,127				4,335
Consumer loans			233				339
Total loans			843,537				754,110
Allowance for credit losses			(4,537	)			(4,151	)
Net deferred loan origination costs			1,544				1,261
Loans, net		$	840,544			$	751,220

Summary of Activity in the Allowance for Credit Losses and Total Loans, by Loan Segment

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

Summary of Past Due and Non-Accrual Loans

The following is a summary of past due and non-accrual loans at March 31, 2026 and June 30, 2025:


		30-59 Days Past Due				60-89 Days Past Due				90 Days or Greater Past Due				Total Past Due				Loans on Non-accrual
		(In thousands)
March 31, 2026
Residential real estate		$	512			$	—			$	74			$	586			$	501
Commercial real estate			—				—				1,166				1,166				1,166
Consumer			—				5				—				5				—
Total		$	512			$	5			$	1,240			$	1,757			$	1,667


		30-59 Days Past Due				60-89 Days Past Due				90 Days or Greater Past Due				Total Past Due				Loans on Non-accrual
		(In thousands)
June 30, 2025
Residential real estate		$	—			$	—			$	340			$	340			$	777
Commercial real estate			—				—				1,166				1,166				1,166
Commercial			—				—				270				270				270
Total		$	—			$	—			$	1,776			$	1,776			$	2,213

Summary of Bank's Risk Related Loans by Year of Origination and Gross Write-offs

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		$	—			$	—			$	—			$	—			$	—			$	—			$	—