Fair Value of Financial Instruments (Tables)

9 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents financial assets measured at fair value on a recurring basis at the dates indicated:

	March 31, 2021
Description	Total		Level 1		Level 2		Level 3
U.S government agencies	$	19,108	$	—	$	19,108	$	—
Residential MBS of U.S. government agencies and GSEs	42,237		—		42,237		—
Municipal bonds	9,600		—		9,600		—
Corporate bonds	91,472		—		91,472		—
Total	$	162,417	$	—	$	162,417	$	—

	June 30, 2020
Description	Total		Level 1		Level 2		Level 3
U.S government agencies	$	4,173	$	—	$	4,173	$	—
Residential MBS of U.S. government agencies and GSEs	48,355		—		48,355		—
Municipal bonds	16,631		—		16,631		—
Corporate bonds	58,378		—		58,378		—
Total	$	127,537	$	—	$	127,537	$	—

Fair Value Measurements, Nonrecurring

The following table presents financial assets measured at fair value on a non-recurring basis at the dates indicated:

	March 31, 2021
Description	Total		Level 1		Level 2		Level 3
Individually evaluated loans	$	10,188	$	—	$	—	$	10,188

	June 30, 2020
Description	Total		Level 1		Level 2		Level 3
Individually evaluated loans	$	9,168	$	—	$	—	$	9,168
REO	97		—		—		97
Total	$	9,265	$	—	$	—	$	9,265

Schedule of Quantitative Information About Level 3 Fair Value Measurements

Quantitative information about Level 3 fair value measurements during the period ended March 31, 2021 is shown in the table below:

Nonrecurring measurements:	Fair Value at March 31, 2021		Valuation Techniques	Unobservable Input	Range	Weighted Average
Individually evaluated loans	$	10,188	Discounted appraisals and discounted cash flows	Collateral discounts and discount spread	0% - 52%      0% - 2%	17%

Fair Value, by Balance Sheet Grouping

The stated carrying value and estimated fair value amounts of financial instruments as of March 31, 2021 and June 30, 2020, are summarized below:

	March 31, 2021
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and interest-bearing deposits	$	164,095	$	164,095	$	164,095	$	—	$	—
Commercial paper	238,445		238,445		238,445		—		—
Certificates of deposit in other banks	42,015		42,015		—		42,015		—
Securities available for sale	162,417		162,417		—		162,417		—
Loans, net	2,654,094		2,633,221		—		—		2,633,221
Loans held for sale	86,708		88,292		—		—		88,292
FHLB stock	12,152		12,152		12,152		—		—
FRB stock	7,379		7,379		7,379		—		—
SBIC investments	9,368		9,368		—		—		9,368
Accrued interest receivable	8,271		8,271		—		582		7,689
Liabilities:
Noninterest-bearing and NOW deposits	1,255,951		1,255,951		—		1,255,951		—
Money market accounts	927,519		927,519		—		927,519		—
Savings accounts	221,537		221,537		—		221,537		—
Certificates of deposit	503,471		505,865		—		505,865		—
Borrowings	275,000		291,259		—		291,259		—
Accrued interest payable	388		388		—		388		—

	June 30, 2020
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and interest-bearing deposits	$	121,622	$	121,622	$	121,622	$	—	$	—
Commercial paper	304,967		304,967		304,967		—		—
Certificates of deposit in other banks	55,689		55,689		—		55,689		—
Securities available for sale	127,537		127,537		—		127,537		—
Loans, net	2,741,047		2,692,265		—		—		2,692,265
Loans held for sale	77,177		78,129		—		—		78,129
FHLB stock	23,309		23,309		23,309		—		—
FRB stock	7,368		7,368		7,368		—		—
SBIC investments	8,269		8,269		—		—		8,269
Accrued interest receivable	12,312		12,312		208		744		11,360
Liabilities:
Noninterest-bearing and NOW deposits	1,012,200		1,012,200		—		1,012,200		—
Money market accounts	836,738		836,738		—		836,738		—
Savings accounts	197,676		197,676		—		197,676		—
Certificates of deposit	739,142		745,078		—		745,078		—
Borrowings	475,000		511,529		—		511,529		—
Accrued interest payable	1,087		1,087		—		1,087		—