Investment Securities (Tables)

3 Months Ended

Sep. 30, 2023

Investment Securities

Schedule of amortized cost, gross unrealized gains and losses, and estimated fair value of investments in debt securities

	September 30, 2023
			Gross		Gross		Allowance
	Amortized		Unrealized		Unrealized		for Credit		Fair
(Dollars in thousands)	Cost		Gains		Losses		Losses		Value
Available For Sale:
Mortgage-backed securities	$	121,608	$	—	$	(22,631)	$	—	$	98,977
U.S. agency collateralized mortgage obligations		9,903		—		(2,083)		—		7,820
U.S. government agency securities		3,643		142		(83)		—		3,702
Municipal bonds		20,061		—		(6,091)		—		13,970
Corporate bonds		37,200		—		(5,572)		—		31,628
Total Available For Sale	$	192,415	$	142	$	(36,460)	$	—	$	156,097
	September 30, 2023
			Gross		Gross				Allowance
	Amortized		Unrealized		Unrealized		Fair		for Credit
(Dollars in thousands)	Cost		Gains		Losses		Value		Losses
Held To Maturity:
Mortgage-backed securities	$	92,494	$	—	$	(20,607)	$	71,887	$	—
U.S. government agency securities		4,990		—		(84)		4,906		—
Municipal bonds		60		—		—		60		—
Total Held To Maturity	$	97,544	$	—	$	(20,691)	$	76,853	$	—

	June 30, 2023
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(Dollars in thousands)	Cost		Gains		Losses		Value
Available For Sale:
Mortgage-backed securities	$	124,252	$	21	$	(17,517)	$	106,756
U.S. agency collateralized mortgage obligations		10,074		—		(1,782)		8,292
U.S. government agency securities		3,881		140		(89)		3,932
Municipal bonds		20,081		—		(5,102)		14,979
Corporate bonds		37,200		—		(6,032)		31,168
Total Available For Sale	$	195,488	$	161	$	(30,522)	$	165,127
Held To Maturity:
Mortgage-backed securities	$	94,648	$	—	$	(17,275)	$	77,373
U.S. government agency securities		4,982		—		(102)		4,880
Municipal bonds		60		—		—		60
Total Held To Maturity	$	99,690	$	—	$	(17,377)	$	82,313

Schedule of amortized cost and fair value of debt securities by contractual maturity

	September 30, 2023
	Available For Sale				Held To Maturity
	Amortized		Fair		Amortized		Fair
(Dollars in thousands)	Cost		Value		Cost		Value
Due in one year or less	$	—	$	—	$	5,050	$	4,966
Due after one year through five years		16		16		—		—
Due after five years through ten years		42,660		35,988		—		—
Due after ten years		149,739		120,093		92,494		71,887
	$	192,415	$	156,097	$	97,544	$	76,853

Schedule of debt securities with unrealized loss position

	September 30, 2023
	Less than 12 Months				12 Months or More				Total		Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Available For Sale:
Mortgage-backed securities	$	3,355	$	(95)	$	95,622	$	(22,536)	$	98,977	$	(22,631)
U.S. agency collateralized mortgage obligations		—		—		7,820		(2,083)		7,820		(2,083)
U.S. government agency securities		—		—		894		(83)		894		(83)
Municipal bonds		—		—		13,970		(6,091)		13,970		(6,091)
Corporate bonds		3,583		(567)		28,045		(5,005)		31,628		(5,572)
		6,938		(662)		146,351		(35,798)		153,289		(36,460)
Held To Maturity:
Mortgage-backed securities		—		—		71,887		(20,607)		71,887		(20,607)
U.S. government agency securities		497		(1)		4,409		(83)		4,906		(84)
		497		(1)		76,296		(20,690)		76,793		(20,691)
Total Temporarily Impaired Securities	$	7,435	$	(663)	$	222,647	$	(56,488)	$	230,082	$	(57,151)

	June 30, 2023
	Less than 12 Months				12 Months or More				Total		Total
	Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
(Dollars in thousands)	Value		Losses		Value		Losses		Value		Losses
Available For Sale:
Mortgage-backed securities	$	16,794	$	(967)	$	86,371	$	(16,550)	$	103,165	$	(17,517)
U.S. agency collateralized mortgage obligations		—		—		8,292		(1,782)		8,292		(1,782)
U.S. government agency securities		—		—		943		(89)		943		(89)
Municipal bonds		—		—		14,979		(5,102)		14,979		(5,102)
Corporate bonds		10,715		(1,435)		20,453		(4,597)		31,168		(6,032)
		27,509		(2,402)		131,038		(28,120)		158,547		(30,522)
Held To Maturity:
Mortgage-backed securities		—		—		77,373		(17,275)		77,373		(17,275)
U.S. government agency securities		4,880		(102)		—		—		4,880		(102)
		4,880		(102)		77,373		(17,275)		82,253		(17,377)
Total Temporarily Impaired Securities	$	32,389	$	(2,504)	$	208,411	$	(45,395)	$	240,800	$	(47,899)