Leases (Tables)

9 Months Ended

Mar. 31, 2021

Leases [Abstract]

Assets and Liabilities, Lessee

The following table presents supplemental balance sheet information related to operating leases. ROU assets are included in other assets and lease liabilities are included in other liabilities.

Supplemental Balance Sheet Information:	March 31, 2021			June 30, 2020
ROU assets	$	6,208		$	4,601
Lease liabilities	6,227			4,590
Weighted-average remaining lease terms (years)	4.39			5.02
Weighted-average discount rate	2.82		%	2.97		%

Lessee, Operating Lease, Liability, Maturity

The following schedule summarizes aggregate future minimum lease payments under these operating leases at March 31, 2021:

Fiscal year ending June 30:
Remaining 2021	$	351
2022	1,399
2023	1,347
2024	876
2025	492
Thereafter	2,746
Total of future minimum payments	$	7,211

Lease, Cost

The following table presents components of operating lease expense for the three and nine months ended March 31, 2021 and 2020:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Operating lease cost (included in occupancy expense)	$	444	$	436	$	1,335	$	1,368
Sublease income (included in other, net noninterest income)	(47)		(61)		(169)		(181)
Total operating lease expense, net	$	397	$	375	$	1,166	$	1,187

Supplemental lease cash flow information for the nine months ended March 31, 2021 and 2020:

	2021		2020
ROU assets - noncash additions (operating leases)	$	599	$	5,296
ROU assets - noncash addition (finance lease)	—		2,052
Cash paid for amounts included in the measurement of lease liabilities (operating leases)	1,632		1,609
Cash paid for amounts included in the measurement of lease liabilities (finance leases)	100		67

Finance Lease, Liability, Maturity

The following schedule summarizes aggregate future minimum lease payments under this finance lease obligation at March 31, 2021:

Fiscal year ending June 30:
Remaining 2021	$	33
2022	134
2023	134
2024	145
2025	146
Thereafter	1,848
Total minimum lease payments	2,440
Less: amount representing interest	(627)
Present value of net minimum lease payments	$	1,813

Schedule of Total Equipment Finance Operating Lease Income and Depreciation Expense

The following table presents total equipment finance operating lease income and depreciation expense for the three and nine months ended March 31, 2021 and 2020:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
Operating lease income	$	1,432	$	989	$	4,107	$	2,215
Depreciation expense	1,417		746		4,371		1,554

Lessor, Operating Lease, Payments to be Received, Maturity

The following schedule summarizes aggregate future minimum operating lease payments to be received at March 31, 2021:

Fiscal year ending June 30:
Remaining 2021	$	1,494
2022	5,224
2023	3,378
2024	1,286
2025	434
Thereafter	131
Total of future minimum payments	$	11,947

Sales-type and Direct Financing Leases, Lease Receivable, Maturity

The following table presents components of finance lease net investment included within equipment finance class of financing receivables:

	March 31, 2021		June 30, 2020
Lease receivables	$	56,720	$	44,927

The following schedule summarizes aggregate future minimum finance lease payments to be received at March 31, 2021:

Fiscal year ending June 30:
Remaining 2021	$	2,917
2022	16,038
2023	15,504
2024	13,342
2025	9,359
Thereafter	4,875
Total minimum payments	62,035
Less: amount representing interest	(5,315)
Total	$	56,720