XML 53 R43.htm IDEA: XBRL DOCUMENT v3.23.3
LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule Of Allowance For Loan Losses And Allocation Of The Allowance To Loan Segments (Details) - USD ($)
 3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Jun. 30, 2023
Allowance for loan losses      
Beginning Balance $ 1,747,000 [1] $ 1,747,000  
Provision (credit) for loan losses (166,000) 0  
Loans charged-off 0 0  
Recoveries   0  
Ending Balance 1,649,000 [1] 1,747,000  
Allocation Of The Allowance To Loan Segments [Abstract]      
Allowance for impaired loans     $ 0
Allowance for non-impaired loans     1,747,000
Total allowance for loan losses 1,649,000 [1] 1,747,000 1,747,000 [1]
Impaired loans     0
Non-impaired loans     178,009,000
Total loans 176,110,000   178,009,000
Allowance for credit losses for loans [Member]      
Allowance for loan losses      
Beginning Balance 1,747,000    
Adoption of ASU [2]     12,000
Loans And Leases Receivable Allowance Adjusted Balance     1,759,000
Provision (credit) for loan losses (110,000)    
Loans charged-off 0    
Recoveries 0    
Ending Balance [3] 1,649,000    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 1,649,000 [3]   1,747,000
Allowance for credit losses for off-balance sheet exposures [Member]      
Allowance for loan losses      
Beginning Balance 0    
Adoption of ASU     23,000
Loans And Leases Receivable Allowance Adjusted Balance     23,000
Provision (credit) for loan losses (13,000)    
Ending Balance 10,000    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 10,000   0
1-4 family [Member]      
Allowance for loan losses      
Beginning Balance 974,000 986,000  
Provision (credit) for loan losses   4,000  
Loans charged-off   0  
Recoveries   0  
Ending Balance   990,000  
Allocation Of The Allowance To Loan Segments [Abstract]      
Allowance for impaired loans     0
Allowance for non-impaired loans     974,000
Total allowance for loan losses   990,000 974,000
Impaired loans     0
Non-impaired loans     140,109,000
Total loans     140,109,000
1-4 family [Member] | Allowance for credit losses for loans [Member]      
Allowance for loan losses      
Beginning Balance 974,000    
Adoption of ASU [2]     139,000
Loans And Leases Receivable Allowance Adjusted Balance     1,113,000
Provision (credit) for loan losses (42,000)    
Loans charged-off 0    
Recoveries    
Ending Balance [3] 1,071,000    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 1,071,000 [3]   974,000
1-4 family [Member] | Allowance for credit losses for off-balance sheet exposures [Member]      
Allowance for loan losses      
Beginning Balance 0    
Adoption of ASU     5,000
Loans And Leases Receivable Allowance Adjusted Balance     5,000
Provision (credit) for loan losses (1,000)    
Ending Balance 4,000    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 4,000   0
Multifamily [Member]      
Allowance for loan losses      
Beginning Balance 190,000 215,000  
Provision (credit) for loan losses   (19,000)  
Loans charged-off   0  
Recoveries   0  
Ending Balance   196,000  
Allocation Of The Allowance To Loan Segments [Abstract]      
Allowance for impaired loans     0
Allowance for non-impaired loans     190,000
Total allowance for loan losses   196,000 190,000
Impaired loans     0
Non-impaired loans     12,638,000
Total loans     12,638,000
Multifamily [Member] | Allowance for credit losses for loans [Member]      
Allowance for loan losses      
Beginning Balance 190,000    
Adoption of ASU [2]     2,000
Loans And Leases Receivable Allowance Adjusted Balance     192,000
Provision (credit) for loan losses (11,000)    
Loans charged-off 0    
Recoveries    
Ending Balance [3] 181,000    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 181,000 [3]   190,000
Multifamily [Member] | Allowance for credit losses for off-balance sheet exposures [Member]      
Allowance for loan losses      
Beginning Balance 0    
Adoption of ASU     7,000
Loans And Leases Receivable Allowance Adjusted Balance     7,000
Provision (credit) for loan losses (1,000)    
Ending Balance 6,000    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 6,000   0
Second mortgages and home equity lines of credit [Member]      
Allowance for loan losses      
Beginning Balance 29,000 22,000  
Provision (credit) for loan losses   5,000  
Loans charged-off   0  
Recoveries   0  
Ending Balance   27,000  
Allocation Of The Allowance To Loan Segments [Abstract]      
Allowance for impaired loans     0
Allowance for non-impaired loans     29,000
Total allowance for loan losses   27,000 29,000
Impaired loans     0
Non-impaired loans     2,699,000
Total loans     2,699,000
Second mortgages and home equity lines of credit [Member] | Allowance for credit losses for loans [Member]      
Allowance for loan losses      
Beginning Balance 29,000    
Adoption of ASU [2]     23,000
Loans And Leases Receivable Allowance Adjusted Balance     52,000
Provision (credit) for loan losses (9,000)    
Loans charged-off 0    
Recoveries 0    
Ending Balance [3] 43,000    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 43,000 [3]   29,000
Second mortgages and home equity lines of credit [Member] | Allowance for credit losses for off-balance sheet exposures [Member]      
Allowance for loan losses      
Beginning Balance 0    
Adoption of ASU     0
Loans And Leases Receivable Allowance Adjusted Balance     0
Provision (credit) for loan losses 0    
Ending Balance 0    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 0   0
Residential Real Estate Construction [Member]      
Allowance for loan losses      
Beginning Balance 0 4,000  
Provision (credit) for loan losses   0  
Loans charged-off   0  
Recoveries   0  
Ending Balance   4,000  
Allocation Of The Allowance To Loan Segments [Abstract]      
Allowance for impaired loans     0
Allowance for non-impaired loans     0
Total allowance for loan losses   4,000 0
Impaired loans     0
Non-impaired loans     0
Total loans     0
Residential Real Estate Construction [Member] | Allowance for credit losses for loans [Member]      
Allowance for loan losses      
Beginning Balance 0    
Adoption of ASU [2]     0
Loans And Leases Receivable Allowance Adjusted Balance     0
Provision (credit) for loan losses 0    
Loans charged-off 0    
Recoveries    
Ending Balance [3] 0    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 0 [3]   0
Residential Real Estate Construction [Member] | Allowance for credit losses for off-balance sheet exposures [Member]      
Allowance for loan losses      
Beginning Balance 0    
Adoption of ASU     0
Loans And Leases Receivable Allowance Adjusted Balance     0
Provision (credit) for loan losses 0    
Ending Balance 0    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 0   0
Commercial [Member]      
Allowance for loan losses      
Beginning Balance 346,000 252,000  
Provision (credit) for loan losses   15,000  
Loans charged-off   0  
Recoveries   0  
Ending Balance   267,000  
Allocation Of The Allowance To Loan Segments [Abstract]      
Allowance for impaired loans     0
Allowance for non-impaired loans     346,000
Total allowance for loan losses   267,000 346,000
Impaired loans     0
Non-impaired loans     20,323,000
Total loans     20,323,000
Commercial [Member] | Allowance for credit losses for loans [Member]      
Allowance for loan losses      
Beginning Balance 346,000    
Adoption of ASU [2]     (19,000)
Loans And Leases Receivable Allowance Adjusted Balance     327,000
Provision (credit) for loan losses (36,000)    
Loans charged-off 0    
Recoveries    
Ending Balance [3] 291,000    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 291,000 [3]   346,000
Commercial [Member] | Allowance for credit losses for off-balance sheet exposures [Member]      
Allowance for loan losses      
Beginning Balance 0    
Adoption of ASU     7,000
Loans And Leases Receivable Allowance Adjusted Balance     7,000
Provision (credit) for loan losses (7,000)    
Ending Balance 0    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 0   0
Consumer [Member]      
Allowance for loan losses      
Beginning Balance 0 0  
Provision (credit) for loan losses   0  
Loans charged-off   0  
Recoveries   0  
Ending Balance   0  
Allocation Of The Allowance To Loan Segments [Abstract]      
Allowance for impaired loans     0
Allowance for non-impaired loans     0
Total allowance for loan losses   0 0
Impaired loans     0
Non-impaired loans     49,000
Total loans     49,000
Consumer [Member] | Allowance for credit losses for loans [Member]      
Allowance for loan losses      
Beginning Balance 0    
Adoption of ASU [2]     2,000
Loans And Leases Receivable Allowance Adjusted Balance     2,000
Provision (credit) for loan losses 0    
Loans charged-off 0    
Recoveries 0    
Ending Balance [3] 2,000    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 2,000 [3]   0
Consumer [Member] | Allowance for credit losses for off-balance sheet exposures [Member]      
Allowance for loan losses      
Beginning Balance 0    
Adoption of ASU     4,000
Loans And Leases Receivable Allowance Adjusted Balance     4,000
Provision (credit) for loan losses (4,000)    
Ending Balance 0    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 0   0
Home improvement [Member]      
Allowance for loan losses      
Beginning Balance 64,000 61,000  
Provision (credit) for loan losses   4,000  
Loans charged-off   0  
Recoveries   0  
Ending Balance   65,000  
Allocation Of The Allowance To Loan Segments [Abstract]      
Allowance for impaired loans     0
Allowance for non-impaired loans     64,000
Total allowance for loan losses   65,000 64,000
Impaired loans     0
Non-impaired loans     2,191,000
Total loans     2,191,000
Home improvement [Member] | Allowance for credit losses for loans [Member]      
Allowance for loan losses      
Beginning Balance 64,000    
Adoption of ASU [2]     9,000
Loans And Leases Receivable Allowance Adjusted Balance     73,000
Provision (credit) for loan losses (12,000)    
Loans charged-off 0    
Recoveries 0    
Ending Balance [3] 61,000    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 61,000 [3]   64,000
Home improvement [Member] | Allowance for credit losses for off-balance sheet exposures [Member]      
Allowance for loan losses      
Beginning Balance 0    
Adoption of ASU     0
Loans And Leases Receivable Allowance Adjusted Balance     0
Provision (credit) for loan losses 0    
Ending Balance 0    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 0   0
Unallocated Financing Receivables [Member]      
Allowance for loan losses      
Beginning Balance 144,000 207,000  
Provision (credit) for loan losses   (9,000)  
Loans charged-off   0  
Recoveries   0  
Ending Balance   198,000  
Allocation Of The Allowance To Loan Segments [Abstract]      
Allowance for impaired loans     0
Allowance for non-impaired loans     144,000
Total allowance for loan losses   $ 198,000 144,000
Impaired loans     0
Non-impaired loans     0
Total loans     0
Unallocated Financing Receivables [Member] | Allowance for credit losses for loans [Member]      
Allowance for loan losses      
Beginning Balance 144,000    
Adoption of ASU [2]     (144,000)
Loans And Leases Receivable Allowance Adjusted Balance     0
Provision (credit) for loan losses 0    
Loans charged-off 0    
Recoveries 0    
Ending Balance [3] 0    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses 0 [3]   144,000
Unallocated Financing Receivables [Member] | Allowance for credit losses for off-balance sheet exposures [Member]      
Allowance for loan losses      
Beginning Balance 0    
Adoption of ASU     0
Loans And Leases Receivable Allowance Adjusted Balance     0
Provision (credit) for loan losses 0    
Ending Balance 0    
Allocation Of The Allowance To Loan Segments [Abstract]      
Total allowance for loan losses $ 0   $ 0
[1] The Company adopted ASU 2016-13 on July 1, 2023 with a modified retrospective approach. Accordingly, at September 30, 2023, the allowance for credit losses was determined in accordance with ASC 326, “Financial Instruments-Credit Losses.
[2] Represents the net adjustment needed to reflect the cumulative day one impact pursuant to the Company's adoption of ASU 2016-13 (i.e., the cumulative effect adjustment related to the adoption of ASU 2016-13 as of July 1, 2023)
[3] The balance of $511,000 in accrued interest receivable is excluded from amortized cost and the calculation of the allowance for credit losses at September 30, 2023.