v3.26.1
Fair Value Measurements and Fair Value of Financial Instruments (Tables)
 12 Months Ended
Jun. 30, 2026
Fair Value Measurements and Fair Value of Financial Instruments [Abstract]  
Assets Measured at Fair Value on Recurring Basis
For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used are as follows:
 
                 
        
Fair Value Measurements Using
  
        
Quoted prices
in active markets
for identical assets
   
Significant
other observable
inputs
   
Significant
unobservable
inputs
 
(In thousands)
  
June 30, 2026
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
Assets:
                    
U.S. Treasury securities
  $3,811   $ -    $3,811   $ -  
U.S. government sponsored enterprises
   6,341      -     6,341      -  
State and political subdivisions
   217,640      -     217,640      -  
Mortgage-backed securities-residential
   57,004      -     57,004      -  
Mortgage-backed securities-multi-family
   73,365      -     73,365      -  
Corporate debt securities
   15,649     -     15,649      -  
Securities available-for-sale
   373,810      -     373,810     -  
Equity securities
   388    388     -      -  
Interest rate swaps
   2,106     -     2,106     -  
Total
  $376,304   $388   $375,916   $ -  
                     
Liabilities:
                    
Interest rate swaps
  $2,106   $ -    $2,106   $ -  
Total
  $2,106   $ -    $2,106   $ -  
 
                 
         Fair Value Measurements Using    
        
Quoted prices
in active markets
for identical assets
   
Significant
other observable
inputs
   
Significant
unobservable
inputs
 
(In thousands)
  
June 30, 2025
   
(Level 1)
   
(Level 2)
   
(Level 3)
 
Assets:
                    
U.S. Treasury securities
  $10,453   $ -    $10,453   $ -  
U.S. government sponsored enterprises
   11,644      -     11,644      -  
State and political subdivisions
   209,844      -     209,844      -  
Mortgage-backed securities-residential
   31,587      -     31,587      -  
Mortgage-backed securities-multi-family
   74,597      -     74,597      -  
Corporate debt securities
   17,937     -     17,937      -  
Securities available-for-sale
   356,062      -     356,062     -  
Equity securities
   402    402     -      -  
Interest rate swaps
   4,733     -     4,733     -  
Total
  $361,197   $402   $360,795   $ -  
                     
Liabilities:
                    
Interest rate swaps
  $4,733   $ -    $4,733   $ -  
Total
  $4,733   $ -    $4,733   $ -  
Fair Value Measurements for Loans Evaluated Individually and Foreclosed Real Estate Such modifications to the appraised values could result in lower valuations of such collateral. Based on the valuation techniques used, the fair value measurements for foreclosed real estate are classified as Level 3.
                     
    

    
June 30, 2026
     June 30, 2025  
(In thousands)
   
Fair value
hierarchy
    
Carrying
amount
    
Estimated fair
value
    
Carrying
amount
    
Estimated fair
value
 
                          
Loans individually evaluated
   3   $1,617    1151   $751   $202 
Carrying Amounts and Estimated Fair Value of Financial Instruments
The carrying amounts and estimated fair value of financial instruments are as follows:
 
                     
 

June 30, 2026  

Fair value measurements using  
(In thousands)
   
Carrying
amount
    
Fair value
    
(Level 1)
    
(Level 2)
    
(Level 3)
 
Cash and cash equivalents
  $144,905   $144,905   $144,905   $ -    $ -  
Long-term certificate of deposit
   1,225    1,223      -     1,223      -  
Securities available-for-sale
   373,810    373,810      -     373,810      -  
Securities held-to-maturity
   803,553    777,162      -     777,162      -  
Equity securities
   388    388    388      -       -  
Federal Home Loan Bank stock
   7,777    7,777      -     7,777      -  
Net loans receivable
   1,731,483    1,674,947      -       -     1,674,947 
Accrued interest receivable
   17,184    17,184      -     17,184      -  
Interest rate swap asset
   2,106    2,106     -     2,106     -  
                          
Deposits
   2,713,399    2,712,319      -     2,712,319      -  
Borrowings
   125,166    125,356     -     125,356     -  
Subordinated notes payable, net
   29,979    29,399      -     29,399      -  
Accrued interest payable
   1,255    1,255      -     1,255      -  
Interest rate swap liability
   2,106    2,106     -     2,106     -  
 
                     
   
June 30, 2025
    
Fair value measurements using
  
(In thousands)
   
Carrying
amount
    
Fair value
    
(Level 1)
    
(Level 2)
    
(Level 3)
 
Cash and cash equivalents
  $183,078   $183,078   $183,078   $ -    $ -  
Long-term certificate of deposit
   1,425    1,421      -     1,421      -  
Securities available-for-sale
   356,062    356,062      -     356,062      -  
Securities held-to-maturity
   776,147    738,134      -     738,134      -  
Equity securities
   402    402    402      -       -  
Federal Home Loan Bank stock
   5504    5,504      -     5,504      -  
Net loans receivable
   1,607,260    1,536,150      -       -     1,536,150 
Accrued interest receivable
   16,381    16,381      -     16,381      -  
Interest rate swap asset
   4,733    4,733     -     4,733     -  
                          
Deposits
   2,639,835    2,639,246      -     2,639,246      -  
Borrowings
   78,189    78,346     -     78,346     -  
Subordinated notes payable, net
   49,867    48,485      -     48,485      -  
Accrued interest payable
   1,271    1,271      -     1,271      -  
Interest rate swap liability
   4,733    4,733     -     4,733     -