| Securities |
The following tables summarize the amortized cost and fair value of securities available-for-sale and securities held-to-maturity at September 30, 2026 and June 30, 2026 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses:
|
September 30, 2026
|
|
Amortized
Cost
|
|
|
Gross
Unrealized
Gains
|
|
|
Gross
Unrealized
Losses
|
|
|
Fair Value
|
|
| |
|
(In Thousands)
|
|
|
Available-for-sale
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage-backed securities: residential
|
|
$
|
48,989 |
|
|
$
|
- |
|
|
$
|
3,939 |
|
|
$
|
45,050 |
|
|
State and political subdivision
|
|
|
476 |
|
|
|
- |
|
|
|
27 |
|
|
|
449 |
|
|
Total available-for-sale
|
|
$
|
49,465 |
|
|
$
|
- |
|
|
$
|
3,966 |
|
|
$
|
45,499 |
|
|
September 30, 2026
|
|
Amortized
Cost
|
|
|
Gross
Unrecognized
Gains
|
|
|
Gross
Unrecognized
Losses
|
|
|
Fair Value
|
|
| |
|
(In Thousands)
|
|
|
Held-to-maturity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage-backed securities: residential
|
|
$
|
53,033 |
|
|
$
|
- |
|
|
$
|
10,308 |
|
|
$
|
42,725 |
|
|
State and political subdivision
|
|
|
1,030 |
|
|
|
- |
|
|
|
89 |
|
|
|
941 |
|
|
Total held-to-maturity
|
|
$
|
54,063 |
|
|
$
|
- |
|
|
$
|
10,397 |
|
|
$
|
43,666 |
|
|
June 30, 2026
|
|
Amortized
Cost
|
|
|
Gross
Unrealized
Gains
|
|
|
Gross
Unrealized
Losses
|
|
|
Fair Value
|
|
| |
|
(In Thousands)
|
|
|
Available-for-sale
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage-backed securities: residential
|
|
$
|
45,505 |
|
|
$
|
22 |
|
|
$
|
2,375 |
|
|
$
|
43,152 |
|
|
State and political subdivision
|
|
|
475 |
|
|
|
- |
|
|
|
3 |
|
|
|
472 |
|
|
Total available-for-sale
|
|
$
|
45,980 |
|
|
$
|
22 |
|
|
$
|
2,378 |
|
|
$
|
43,624 |
|
|
June 30, 2026
|
|
Amortized
Cost
|
|
|
Gross
Unrecognized
Gains
|
|
|
Gross
Unrecognized
Losses
|
|
|
Fair Value
|
|
| |
|
(In Thousands)
|
|
|
Held-to-maturity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage-backed securities: residential
|
|
$
|
54,404 |
|
|
$
|
- |
|
|
$
|
8,738 |
|
|
$
|
45,666 |
|
|
State and political subdivision
|
|
|
1,035 |
|
|
|
- |
|
|
|
43 |
|
|
|
992 |
|
|
Total held-to-maturity
|
|
$
|
55,439 |
|
|
$
|
- |
|
|
$
|
8,781 |
|
|
$
|
46,658 |
|
The amortized cost and fair value of debt securities are shown by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties.
|
September 30, 2026
|
|
Amortized Cost
|
|
|
Fair Value
|
|
| |
|
(In Thousands)
|
|
|
Available-for-sale
|
|
|
|
|
|
|
|
One to five years
|
|
$
|
3,360 |
|
|
$
|
3,199 |
|
|
Five to ten years
|
|
|
13,932 |
|
|
|
13,004 |
|
|
Beyond ten years
|
|
|
32,173 |
|
|
|
29,296 |
|
|
Total available-for-sale
|
|
$
|
49,465 |
|
|
$
|
45,499 |
|
| |
|
|
|
|
|
|
|
|
|
Held-to-maturity
|
|
|
|
|
|
|
|
|
|
Five to ten years
|
|
$
|
12,333 |
|
|
$
|
10,521 |
|
|
Beyond ten years
|
|
|
41,730 |
|
|
|
33,145 |
|
|
Total held-to-maturity
|
|
$
|
54,063 |
|
|
$
|
43,666 |
|
The following tables summarize debt securities available-for-sale in an unrealized loss position for which an allowance for credit losses has not been recorded at September 30, 2026 and June 30, 2026, aggregated by major security type and length of time in a continuous unrealized loss position:
| |
|
Less Than 12 Months
|
|
|
12 Months or Longer
|
|
|
Total
|
|
|
September 30, 2026
|
|
Fair Value
|
|
|
Unrealized
Losses
|
|
|
Fair Value
|
|
|
Unrealized
Losses
|
|
|
Fair Value
|
|
|
Unrealized
Losses
|
|
| |
|
(In Thousands)
|
|
|
Available-for-sale
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage-backed securities: residential
|
|
$
|
23,342 |
|
|
$
|
982 |
|
|
$
|
20,855 |
|
|
$
|
2,957 |
|
|
$
|
44,197 |
|
|
$
|
3,939 |
|
|
State and political subdivision
|
|
|
449 |
|
|
|
27 |
|
|
|
- |
|
|
|
- |
|
|
|
449 |
|
|
|
27 |
|
|
Total available-for-sale
|
|
$
|
23,791 |
|
|
$
|
1,009 |
|
|
$
|
20,855 |
|
|
$
|
2,957 |
|
|
$
|
44,646 |
|
|
$
|
3,966 |
|
| |
|
Less Than 12 Months
|
|
|
12 Months or Longer
|
|
|
Total
|
|
|
June 30, 2026
|
|
Fair Value
|
|
|
Unrealized
Losses
|
|
|
Fair Value
|
|
|
Unrealized
Losses
|
|
|
Fair Value
|
|
|
Unrealized
Losses
|
|
| |
|
(In Thousands)
|
|
|
Available-for-sale
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage-backed securities: residential
|
|
$
|
16,988 |
|
|
$
|
277 |
|
|
$
|
22,301 |
|
|
$
|
2,098 |
|
|
$
|
39,289 |
|
|
$
|
2,375 |
|
|
State and political subdivision
|
|
|
472 |
|
|
|
3 |
|
|
|
- |
|
|
|
- |
|
|
|
472 |
|
|
|
3 |
|
|
Total available-for-sale
|
|
$
|
17,460 |
|
|
$
|
280 |
|
|
$
|
22,301 |
|
|
$
|
2,098 |
|
|
$
|
39,761 |
|
|
$
|
2,378 |
|
At September 30, 2026, the Company’s security portfolio consisted of 96 securities, 88 of which were in an unrealized loss position. At June 30, 2026, the Company’s security portfolio consisted of 96 securities, 82 of which were in an unrealized loss position. The unrealized losses on the Company’s investment in mortgage-backed securities at September 30, 2026 and June 30, 2026 were caused by interest rate changes. The contractual cash flows of these investments are guaranteed by agencies of the U.S. government. Accordingly, it is expected that these securities would not be settled at a price less than the amortized cost of the Company’s investment. Because the decline in fair value is attributable to interest rates rather than credit quality, the Company determined that no allowance for credit losses was required on these securities at September 30, 2026.
At September 30, 2026 and June 30, 2026, securities with a carrying value of $21.789 million and $22.385 million, respectively, were pledged to secure certain deposits, borrowings, and other liabilities.
|