Operating leases (Tables)

3 Months Ended

Sep. 30, 2021

Quantitative Data Related to Operating Leases

The following includes quantitative data related to the Company’s operating leases as of September 30, 2021 and June 30, 2021, and for the three months ended September 30, 2021 and 2020:

(In thousands, except weighted-average information).
Operating lease amounts:	September 30, 2021		June 30, 2021
Right-of-use assets	$	1,807	$	1,887
Lease liabilities	$	1,844	$	1,921

	For the three months ended September 30,
	2021		2020
(In thousands)
Other information:
Operating outgoing cash flows from operating leases	$	87	$	88
Right-of-use assets obtained in exchange for new operating lease liabilities	$	-	$	625

Lease costs:
Operating lease cost	$	80	$	80
Variable lease cost	$	10	$	10

Undiscounted Cash Flows of Operating Lease Liabilities

The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding common area maintenance charges and real estate taxes, as of September 30, 2021:

(in thousands)
Within the twelve months ended September 30,
2022	$	310
2023		270
2024		283
2025		280
2026		252
Thereafter		596
Total undiscounted cash flow		1,991
Less net present value adjustment		(147	)
Lease Liability	$	1,844

Weighted-average remaining lease term (Years)		5.56
Weighted-average discount rate		2.24	%