FAIR VALUE OF ASSETS AND LIABILITIES (Tables)

3 Months Ended

Sep. 30, 2024

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, 2024 and June 30, 2024.

	September 30, 2024
(In thousands)	Carrying  Value		Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	30,667	$	30,667	$	-	$	-	$	30,667
Securities available for sale		108		-		108		-		108
Securities held to maturity		146,853		-		137,569		-		137,569
Federal Home Loan Bank of Boston stock		704		-		-		704		704
Loans, net		168,023		-		-		153,275		153,275
Accrued interest receivable		1,354		-		-		1,354		1,354
Liabilities:
Deposits		271,670		-		-		256,831		256,831
Long-term borrowings		10,350		-		-		10,379		10,379
	June 30, 2024
(In thousands)	Carrying  Value		Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents	$	26,959	$	26,959	$	-	$	-	$	26,959
Securities available for sale		113		-		113		-		113
Securities held to maturity		146,994		-		133,420		-		133,420
Federal Home Loan Bank of Boston stock		704		-		-		704		704
Loans, net		170,438		-		-		152,164		152,164
Accrued interest receivable		1,398		-		-		1,398		1,398
Liabilities:
Deposits		270,841		-		-		251,463		251,463
Short-term borrowings		10,350		-		-		10,282		10,282