Fair Value of Financial Instruments (Tables)

9 Months Ended

Mar. 31, 2022

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, 2022
	Total		Level 1		Level 2		Level 3
U.S government agencies	$	18,576	$	—	$	18,576	$	—
MBS, residential	34,063		—		34,063		—
Municipal bonds	5,667		—		5,667		—
Corporate bonds	48,009		—		48,009		—
Total	$	106,315	$	—	$	106,315	$	—

	June 30, 2021
	Total		Level 1		Level 2		Level 3
U.S government agencies	$	19,073	$	—	$	19,073	$	—
MBS, residential	43,404		—		43,404		—
Municipal bonds	9,551		—		9,551		—
Corporate bonds	84,431		—		84,431		—
Total	$	156,459	$	—	$	156,459	$	—

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, 2022
	Total		Level 1		Level 2		Level 3
Collateral dependent loans:
Commercial real estate	$	—	$	—	$	—	$	—
Commercial and industrial	164		—		—		164
Total	$	164	$	—	$	—	$	164

	June 30, 2021
	Total		Level 1		Level 2		Level 3
Collateral dependent loans:
Commercial real estate	$	4,841	$	—	$	—	$	4,841
Equipment finance	275		—		—		275
Total	$	5,116	$	—	$	—	$	5,116

Fair Value, by Balance Sheet Grouping

The stated carrying value and estimated fair value amounts of financial instruments as of March 31, 2022 and June 30, 2021, are summarized below:

	March 31, 2022
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	52,050	$	52,050	$	52,050	$	—	$	—
Commercial paper	312,918		312,918		312,918		—		—
Certificates of deposit in other banks	28,125		28,125		—		28,125		—
Debt securities available for sale	106,315		106,315		—		106,315		—
Loans held for sale	85,263		86,338		—		—		86,338
Loans, net	2,668,504		2,620,750		—		—		2,620,750
FHLB stock	3,038		N/A		N/A		N/A		N/A
FRB stock	7,413		N/A		N/A		N/A		N/A
SBIC investments	12,589		12,589		—		—		12,589
Accrued interest receivable	7,980		7,980		—		553		7,427
Liabilities:
Noninterest-bearing and NOW accounts	1,356,921		1,356,921		—		1,356,921		—
Money market accounts	1,026,595		1,026,595		—		1,026,595		—
Savings accounts	232,831		232,831		—		232,831		—
Certificates of deposit	442,810		439,407		—		439,407		—
Borrowings	30,000		29,997		—		29,997		—
Accrued interest payable	45		45		—		45		—

	June 30, 2021
	Carrying Value		Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	50,990	$	50,990	$	50,990	$	—	$	—
Commercial paper	189,596		189,596		189,596		—		—
Certificates of deposit in other banks	40,122		40,122		—		40,122		—
Debt securities available for sale	156,459		156,459		—		156,459		—
Loans held for sale	93,539		94,779		—		—		94,779
Loans, net	2,697,799		2,668,570		—		—		2,668,570
FHLB stock	6,153		N/A		N/A		N/A		N/A
FRB stock	7,386		N/A		N/A		N/A		N/A
SBIC investments	10,171		10,171		—		—		10,171
Accrued interest receivable	7,933		7,933		52		542		7,339
Liabilities:
Noninterest-bearing and NOW accounts	1,281,372		1,281,372		—		1,281,372		—
Money market accounts	975,001		975,001		—		975,001		—
Savings accounts	226,391		226,391		—		226,391		—
Certificates of deposit	472,777		474,397		—		474,397		—
Borrowings	115,000		115,000		—		115,000		—
Accrued interest payable	52		52		—		52		—