Loans and Allowance for Credit Losses on Loans (Tables)

12 Months Ended

Jun. 30, 2026

Loans and Allowance for Credit Losses on Loans [Abstract]

Loan segments are summarized below as of the dates indicated:


(In thousands)		June 30, 2026			June 30, 2025
Residential real estate	$	415,702		$	417,719
Commercial real estate		1,146,786			1,054,504
Home equity		45,443			34,103
Consumer		3,887			4,311
Commercial		141,524			116,769
Total gross loans(1)(2)		1,753,342			1,627,406
Allowance for credit losses on loans		(21,859	)		(20,146	)
Loans receivable, net	$	1,731,483		$	1,607,260

⁽¹⁾

Loan balances include net deferred (fees)/costs of ($397,000) and ($567,000) at June 30, 2026 and 2025, respectively.

⁽²⁾

Loan balances exclude accrued interest receivable of $7.7 million and $7.0 million at June 30, 2026 and 2025, respectively, which is included in accrued interest receivable in the consolidated statements 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 June 30, 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	$	85	$	1,598	$	1,542	$	3,225	$	412,477	$	415,702	$	2,806
Commercial real estate		-		299		568		867		1,145,919		1,146,786		790
Home equity		86		-		29		115		45,328		45,443		238
Consumer		14		-		-		14		3,873		3,887		-
Commercial		-		-		102		102		141,422		141,524		102
Total gross loans	$	185	$	1,897	$	2,241	$	4,323	$	1,749,019	$	1,753,342	$	3,936

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 years ended June 30, 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	)		-		-		(352	)		(87	)		(482	)
Recoveries		2			4		-		104			34			144
Provision		65			1,002		118		187			679			2,051
Balance at June 30, 2026	$	4,637		$	13,620	$	378	$	320		$	2,904		$	21,859



		Activity for the years ended June 30, 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	)		(386	)		(66	)		(514	)
Recoveries		2			4			-			119			40			165
Provision		418			397			61			148			227			1,251
Balance at June 30, 2025	$	4,613		$	12,614		$	260		$	381		$	2,278		$	20,146

Loan Balances by Internal Credit Quality Indicator

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 twelve months ended June 30, 2026:


	At June 30, 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	$	38,599	$	43,734	$	51,900	$	51,117	$	76,934	$	150,612	$	-	$	-	$	412,896
Non-performing		-		-		-		-		765		2,041		-		-		2,806
Total residential real estate		38,599		43,734		51,900		51,117		77,699		152,653		-		-		415,702
Current period gross charge-offs		-		-		-		-		-		43		-		-		43

Commercial real estate
By internally assigned grade:
Pass		137,569		221,047		115,271		165,798		214,559		255,347		2,726		612		1,112,929
Special mention		-		592		1,047		325		749		1,587		-		-		4,300
Substandard		-		-		-		11,023		5,996		12,468		-		70		29,557
Total commercial real estate		137,569		221,639		116,318		177,146		221,304		269,402		2,726		682		1,146,786
Current period gross charge-offs		-		-		-		-		-		-		-		-		-

Home equity
By payment activity status:
Performing		4,792		2,109		3,468		1,884		179		836		31,435		502		45,205
Non-performing		-		-		-		-		-		-		238		-		238
Total home equity		4,792		2,109		3,468		1,884		179		836		31,673		502		45,443
Current period gross charge-offs		-		-		-		-		-		-		-		-		-

Consumer
By payment activity status:
Performing		1,623		855		739		330		127		137		76		-		3,887
Non-performing		-		-		-		-		-		-		-		-		-
Total Consumer		1,623		855		739		330		127		137		76		-		3,887
Current period gross charge-offs		299		8		43		-		-		1		1		-		352

Commercial
By internally assigned grade:
Pass		30,977		9,606		8,897		6,194		3,248		21,678		54,646		169		135,415
Special mention		-		-		-		-		128		96		-		-		224
Substandard		-		-		-		8		5,177		526		150		24		5,885
Total Commercial	$	30,977	$	9,606	$	8,897	$	6,202	$	8,553	$	22,300	$	54,796	$	193	$	141,524
Current period gross charge-offs	$	-	$	-	$	-		-	$	-	$	28	$	59	$	-	$	87

	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 at the dates indicated:



	For the year ended June 30, 2026
		Payment deferral				Term extension				Interest rate reduction
(Dollars in thousands)		Amortized cost	Percentage of total class			Amortized cost	Percentage of total class			Amortized cost	Percentage of total class
Commercial real estate	$	1,425	0.12	%	$	369	0.03	%	$	2,427	0.21	%
Total	$	1,425			$	369			$	2,427



	For the year ended June 30, 2025
	Term extension					Term extension and interest rate reduction
(Dollars in thousands)		Amortized cost	Percentage of total class			Amortized cost	Percentage of total class
Commercial real estate	$	299	0.03	%	$	2,522	0.24	%
Total	$	299			$	2,522

Financial Effect of Modifications Made to Borrowers Experiencing Financial Difficulty

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


	For the year ended June 30, 2026
Loan type	Payment deferral	Term extension	Interest rate reduction
Commercial real estate	Added a weighted-average of 6 months of no principal or interest payments	Added a weighted-average of 12.2 months to the life of the loans	Interest rates were reduced by an average of 1.00%


	For the year ended June 30, 2025
Loan type	Term extension	Interest rate reduction
Commercial real estate	Added a weighted-average of 12 months to the life of the loan	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 June 30, 2026
(In thousands)		Current		30-59 days past due		60-89 days past due		90 days or more past due		Total
Commercial real estate	$	3,922	$	-	$	299	$	-	$	4,221
Total	$	3,922	$	-	$	299	$	-	$	4,221



	At June 30, 2025
(In thousands)		Current		30-59 days past due		60-89 days past due		90 days or more past due		Total
Commercial real estate	$	2,821	$	-	$	-	$	-	$	2,821
Total	$	2,821	$	-	$	-	$	-	$	2,821