SECURITIES (Tables)

6 Months Ended

Dec. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule Of Debt Securities Fair Value To Amortized Cost Basis

The amortized cost and fair value of securities, with gross unrealized gains and losses and allowance for credit losses, follows:

	December 31, 2023
(In thousands)	Amortized Cost		Allowance for Credit Losses		Net Carrying Amount		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Securities available for sale:
Government-sponsored enterprises:
Mortgage-backed securities	$	133	$	-	$	133	$	-	$	(2	)	$	131
Collateralized mortgage obligations		1		-		1		-		-			1
Total securities available for sale	$	134	$	-	$	134	$	-	$	(2	)	$	132
Securities held to maturity:
Government-sponsored enterprises:
Debt obligations	$	997	$	-	$	997	$	-	$	(19	)	$	978
Mortgage-backed securities		50,861		-		50,861		113		(2,523	)		48,451
Municipal bonds		42,844		2		42,842		7		(5,997	)		36,852
Corporate bonds		54,549		132		54,417		17		(4,288	)		50,146
Total securities held to maturity	$	149,251	$	134	$	149,117	$	137	$	(12,827	)	$	136,427

	June 30, 2023
(In thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities available for sale:
Government-sponsored enterprises:
Mortgage-backed securities	$	147	$	-	$	(5	)	$	142
Collateralized mortgage obligations		4		-		-			4
Total securities available for sale	$	151	$	-	$	(5	)	$	146
Securities held to maturity:
Government-sponsored enterprises:
Debt obligations	$	996	$	-	$	(34	)		962
Mortgage-backed securities		46,619		-		(3,500	)		43,119
Collateralized mortgage obligations		1		-		-			1
Municipal bonds		43,865		3		(6,423	)		37,445
Corporate bonds		56,421		-		(5,675	)		50,746
Total securities held to maturity	$	147,902	$	3	$	(15,632	)	$	132,273

Schedule Of Investments Classified by Contractual Maturity Date

The amortized cost and fair value of debt securities, by contractual maturity, is shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

	December 31, 2023
	Due in One Year or Less				Due After One Year to Five Years				Due after Five Years to Ten Years				Due After 10 Years				Total
(In thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value
Securities available for sale:
Government-sponsored enterprises:
Mortgage-backed securities	$	-	$	-	$	11	$	11	$	91	$	90	$	31	$	30	$	133	$	131
Collateralized mortgage obligations		1		1		-		-		-		-		-		-		1		1
Total securities available for sale	$	1	$	1	$	11	$	11.00	$	91.00	$	90.00	$	31	$	30	$	134	$	132
Securities held to maturity:
Government-sponsored enterprises:
Debt obligations	$	-	$	-	$	997	$	978	$	-	$	-	$	-	$	-	$	997	$	978
Mortgage-backed securities		12		12		3,643		3,517		21,775		20,633		25,431		24,289		50,861		48,451
Municipal bonds		3,805		3,786		7,766		7,696		14,064		12,177		17,209		13,193		42,844		36,852
Corporate bonds		4,195		4,165		31,863		29,986		16,790		14,672		1,701		1,323		54,549		50,146
Total securities held to maturity	$	8,012	$	7,963	$	44,269	$	42,177	$	52,629	$	47,482	$	44,341	$	38,805	$	149,251	$	136,427

	June 30, 2023
	Due in One Year or Less				Due After One Year to Five Years				Due after Five Years to Ten Years				Due After 10 Years				Total
(In thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value		Amortized Cost		Fair Value
Securities available for sale:
Government-sponsored enterprises:
Mortgage-backed securities	$	-	$	-	$	13	$	13	$	64	$	62	$	70	$	67	$	147	$	142
Collateralized mortgage obligations		4		4		-		-		-		-		-		-		4		4
Total securities available for sale	$	4	$	4	$	13	$	13	$	64	$	62	$	70	$	67	$	151	$	146
Securities held to maturity:
Government-sponsored enterprises:
Debt obligations	$	-	$	-	$	996	$	962	$	-	$	-	$	-	$	-	$	996	$	962
Mortgage-backed securities		22		22		4,360		4,161		19,713		18,008		22,524		20,928		46,619		43,119
Collateralized mortgage obligations		1		1		-		-		-		-		-		-		1		1
Municipal bonds		2,570		2,559		9,444		9,303		10,998		9,597		20,853		15,986		43,865		37,445
Corporate bonds		5,200		5,127		21,298		19,723		28,216		24,588		1,707		1,308		56,421		50,746
Total securities held to maturity	$	7,793	$	7,709	$	36,098	$	34,149	$	58,927	$	52,193	$	45,084	$	38,222	$	147,902	$	132,273

Schedule Of Debt Securities, Held-to-Maturity, Allowance for Credit Loss

The following tables summarize the activity in the allowance for credit losses for securities held to maturity by security type for the dates indicated:

	Government-sponsored Enterprises
(In thousands)	Debt Obligations		Mortgage-backed Securities		Municipal Bonds		Corporate Bonds			Total
Balance at September 30, 2023	$	-	$	-	$	2	$	231		$	233
Provision for (reversal of) credit losses		-		-		-		(99	)	$	(99	)
Balance at December 31, 2023	$	-	$	-	$	2	$	132		$	134

	Government-sponsored Enterprises
(In thousands)	Debt Obligations		Mortgage-backed Securities		Municipal Bonds		Corporate Bonds			Total
Balance at June 30, 2023	$	-	$	-	$	-	$	-		$	-
Adoption of ASU 2016-13		-		-		2		274			276
Adjusted beginning balance		-		-		2		274			276
Provision for (reversal of) credit losses		-		-		-		(142	)		(142	)
Balance at December 31, 2023	$	-	$	-	$	2	$	132		$	134

Schedule Of Debt Securities Held To Maturity Securities Unrealized Loss Position Fair Value

Information pertaining to securities with gross unrealized losses at December 31, 2023 or June 30, 2023 aggregated by investment category and length of time that individual securities have been in a continuous loss position, follows:

	December 31, 2023
	Less Than Twelve Months									Over Twelve Months
(In thousands)	Number of Securities		Gross Unrealized Losses		Fair Value		Depreciation from Amortized Cost Basis (%)			Number of Securities		Gross Unrealized Losses		Fair Value		Depreciation from Amortized Cost Basis (%)
Securities available for sale:
Mortgage-backed securities		-	$	-	$	-		-	%		36	$	2	$	114		1.7	%
Total temporarily impaired securities available for sale		-	$	-	$	-		-	%		36	$	2	$	114		1.7	%
Securities held to maturity:
Government-sponsored enterprises:
Mortgage-backed securities		5	$	10	$	5,150		0.2	%		128	$	2,513	$	37,595		6.3	%
Debt obligations		-		-		-		-			1		19		978		1.9
Municipal bonds		5		14		3,228		0.4			38		5,983		28,699		17.3
Corporate bonds		2		33		2,967		1.1			43		4,255		45,755		8.5
Total temporarily impaired securities held to maturity		12	$	57	$	11,345		0.5	%		210	$	12,770	$	113,027		10.2	%

	June 30, 2023
	Less Than Twelve Months									Over Twelve Months
(In thousands)	Number of Securities		Gross Unrealized Losses		Fair Value		Depreciation from Amortized Cost Basis (%)			Number of Securities		Gross Unrealized Losses		Fair Value		Depreciation from Amortized Cost Basis (%)
Securities available for sale:
Mortgage-backed securities		20	$	2	$	71		2.7	%		20	$	3	$	67		4.3	%
Total temporarily impaired securities available for sale		20	$	2	$	71		2.7	%		20	$	3	$	67		4.3	%
Securities held to maturity:
Government-sponsored enterprises:
Mortgage-backed securities		27	$	336	$	10,494		3.1	%		115	$	3,164	$	32,597		8.8	%
Debt obligations		1		34		962		3.4			-		-		-		-
Municipal bonds		11		111		6,280		1.7			35		6,312		27,676		18.6
Corporate bonds		9		318		9,534		3.2			38		5,357		40,213		11.8
Total temporarily impaired securities held to maturity		48	$	799	$	27,270		2.8	%		188	$	14,833	$	100,486		12.9	%

Schedule of Securities Available For Sale And Securities

The following tables provide the amortized cost of securities available for sale and securities held to maturity at the dates indicated:

	December 31, 2023
(In thousands)	Aaa		Aa1		Aa2		Aa3		A1		A2		A3		Baa2		Total
Securities available for sale:
Government-sponsored enterprises:
Mortgage-backed securities	$	133	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	133
Collateralized mortgage obligations		1		-		-		-		-		-		-		-		1
Total securities available for sale	$	134	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	134
Securities held to maturity:
Government-sponsored enterprises:
Debt obligations	$	997	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	997
Mortgage-backed securities		50,861		-		-		-		-		-		-		-		50,861
Municipal bonds		9,343		13,845		14,163		2,637		1,146		1,710		-		-		42,844
Corporate bonds		2,199		-		4,796		2,819		17,246		16,763		10,211		515		54,549
Total securities held to maturity	$	63,400	$	13,845	$	18,959	$	5,456	$	18,392	$	18,473	$	10,211	$	515	$	149,251

	June 30, 2023
(In thousands)	Aaa		Aa1		Aa2		Aa3		A1		A2		A3		Baa2		Not Rated		Total
Securities available for sale:
Government-sponsored enterprises:
Mortgage-backed securities	$	147	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	147
Collateralized mortgage obligations		4		-		-		-		-		-		-		-		-		4
Total securities available for sale	$	151	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	151
Securities held to maturity:
Government-sponsored enterprises:
Debt obligations	$	996	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	996
Mortgage-backed securities		46,619		-		-		-		-		-		-		-		-		46,619
Collateralized mortgage obligations		1		-		-		-		-		-		-		-		-		1
Municipal bonds		9,349		12,811		14,108		2,943		2,178		1,710		-		-		766		43,865
Corporate bonds		2,205		-		4,826		2,825		19,449		16,377		10,222		517		-		56,421
Total securities held to maturity	$	59,170	$	12,811	$	18,934	$	5,768	$	21,627	$	18,087	$	10,222	$	517	$	766	$	147,902