Deposits (Tables)

12 Months Ended

Jun. 30, 2024

Deposits [Abstract]

Deposits

Deposits at June 30, 2024 and 2023 are summarized as follows:

	Weighted			Weighted
	Average			Average
	Rate at			Rate at			2024						2023
	6/30/2024			6/30/2023			Amount			Percent			Amount		Percent
							(Dollars in Thousands)
Non-Interest Bearing		0.00	%		0.00	%		$	130,334		22.71	%	$	145,553		24.36	%
NOW Accounts		0.66	%		0.36	%			66,613		11.60	%		65,335		10.94	%
Money Market		2.57	%		2.16	%			85,525		14.90	%		114,195		19.12	%
Passbook Savings		1.35	%		0.36	%			76,643		13.35	%		81,895		13.71	%
									359,115		62.56	%		406,978		68.13	%
Certificates of Deposit		4.37	%		3.47	%			214,892		37.44	%		190,383		31.87	%
Total Deposits								$	574,007		100.00	%	$	597,361		100.00	%

Composition of Certificates of Deposit Accounts by Interest Rate

The composition of certificates of deposit accounts by interest rate is as follows:

	2024					2023
	Amount		Percent			Amount		Percent
	(Dollars in Thousands)
0.00% to 0.99%	$	13,964		6.50	%	$	19,248		10.11	%
1.00% to 1.99%		1,323		0.62	%		11,630		6.11	%
2.00% to 2.99%		698		0.33	%		14,647		7.69	%
3.00% to 3.99%		2,137		0.99	%		50,365		26.46	%
4.00% to 4.99%		146,242		68.05	%		93,037		48.87	%
5.00% to 5.99%		50,528		23.51	%		1,456		0.76	%
Total Deposits	$	214,892		100.00	%	$	190,383		100.00	%

Maturities of Certificates of Deposit Accounts

Maturities of certificates of deposit accounts at June 30, 2024 are scheduled as follows:

							Weighted
							Average
Year Ending June 30,	Amount			Percent			Rate
	(Dollars in Thousands)
2025		$	185,617		86.38	%		4.46	%
2026			25,553		11.89	%		4.11	%
2027			1,708		0.80	%		0.80	%
2028			910		0.42	%		1.29	%
2029			1,104		0.51	%		1.22	%
Total		$	214,892		100.00	%		4.36	%

Interest Expense on Deposits

Interest expense on deposits for the years ended June 30, 2024 and 2023 was as follows:

	2024		2023
	(In Thousands)
NOW and Money Market	$	2,651	$	1,242
Passbook Savings		479		312
Certificates of Deposit		8,868		2,952
Total	$	11,998	$	4,506