Goodwill and Intangibles (Tables)

12 Months Ended

Jun. 30, 2021

Goodwill and Intangibles

Schedule of goodwill and other intangibles

The Company performs its annual impairment evaluation on June 30 or more frequently if events and circumstances indicate that the fair value of the banking unit is less than its carrying value. During the year ended June 30, 2021, management included considerations of the current economic environment caused by COVID-19 in its qualitative assessment of goodwill impairment and determined that a quantitative assessment of goodwill was warranted. Management engaged a third-party valuation specialist to perform a quantitative assessment of goodwill impairment and it was determined that it is not more likely than not that the carrying value of goodwill is impaired. No goodwill impairment existed at June 30, 2021. Goodwill and other intangibles at June 30, 2021 and 2020, are summarized as follows:
			Core Deposit
			Core Deposit
(Dollars in thousands)	Goodwill		Intangibles
Balance, July 1, 2019	$	4,858	$	1,172
Adjustments:
Additions		—		262
Amortization		—		(242)
Balance, June 30, 2020	$	4,858	$	1,192
Adjustments:
Additions		—		—
Amortization		—		(255)
Balance, June 30, 2021	$	4,858	$	937

Schedule of amortizing intangible assets

	June 30, 2021
			Accumulated
(Dollars in thousands)	Gross		Amortization		Net
Core deposit intangibles	$	1,694	$	(757)	$	937

	June 30, 2020
			Accumulated
(Dollars in thousands)	Gross		Amortization		Net
Core deposit intangibles	$	1,694	$	(502)	$	1,192

Schedule of amortization expenses

(Dollars in thousands)
For the year ended June 30,	Expense
2022	$	224
2023		194
2024		163
2025		132
2026		101
2027 and thereafter		123
	$	937