FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Summary Of Generally Accepted Accounting Principles

The following table summarizes financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2023 and June 30, 2023.

	September 30, 2023
(In thousands)	Carrying  Value		Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	6,118	$	6,118	$	-	$	-	$	6,118
Securities available for sale		139		-		139		-		139
Securities held to maturity		147,537		-		128,726		-		128,726
Federal Home Loan Bank of Boston stock		405		-		-		405		405
Loans, net		174,080		-		-		152,877		152,877
Accrued interest receivable		1,395		-		-		1,395		1,395
Liabilities:
Deposits		260,673		-		-		237,793		237,793
Short-term borrowings		3,250		-		-		3,243		3,243
	June 30, 2023
(In thousands)	Carrying  Value		Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	6,861	$	6,861	$	-	$	-	$	6,861
Securities available for sale		146		-		146		-		146
Securities held to maturity		147,902		-		132,273		-		132,273
Federal Home Loan Bank of Boston stock		381		-		-		381		381
Loans, net		175,911		-		-		157,856		157,856
Accrued interest receivable		1,363		-		-		1,363		1,363
Liabilities:
Deposits		263,376		-		-		249,208		249,208
Short-term borrowings		3,675		-		-		3,667		3,667