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Subsequent Events
12 Months Ended
Jun. 30, 2022
Subsequent Events  
Subsequent Events

Note 20 — Subsequent Events

On July 20, 2022, the Company declared a cash dividend of $0.03 per share, payable on August 11, 2022, to common shareholders of record at the close of business on August 1, 2022.  

On August 18, 2022, the Company announced that the Company’s Board of Directors had authorized a new stock repurchase program to acquire up to 739,385 shares, or approximately 5.0%, of the Company’s then issued and outstanding common stock, commencing upon the completion of the Company’s existing stock repurchase program.

At June 30, 2022, the Company had a non-performing one- to four-family residential real estate loan with a carrying value of $1.7 million that became 90 days or more delinquent and was placed on non-accrual during the year ended June 30, 2022.  On August 22, 2022, the Company entered into a Modification of Forbearance Agreement (the "Agreement") with the borrower, and on August 23, 2022, the Company received payment from the borrower for full satisfaction of the debt in accordance with the terms of the Agreement.  The Company recorded a $79 thousand charge-off in August 2022 upon entering the Agreement and the subsequent satisfaction of the debt.  The Company had previously recorded a $137 thousand charge-off on this loan during the year ended June 30, 2022.