Available for Sale Securities (Tables)

12 Months Ended

Jun. 30, 2020

Available-for-Sale Securities

Schedule of Available for Sale Securities

	June 30, 2020
			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
(dollars in thousands)	Cost		Gains		Losses		Value
Debt and equity securities:
Obligations of states and political subdivisions	$	40,486	$	1,502	$	—	$	41,988
Other securities		7,919		48		(343)		7,624
TOTAL DEBT AND EQUITY SECURITIES		48,405		1,550		(343)		49,612
Mortgage-backed securities:
FHLMC certificates		29,970		756		(2)		30,724
GNMA certificates		7,546		72		—		7,618
FNMA certificates		42,265		2,402		(5)		44,662
CMOs issues by government agencies		42,594		1,346		(32)		43,908
TOTAL MORTGAGE-BACKED SECURITIES		122,375		4,576		(39)		126,912
TOTAL	$	170,780	$	6,126	$	(382)	$	176,524

	June 30, 2019
			Gross		Gross		Estimated
	Amortized		Unrealized		Unrealized		Fair
(dollars in thousands)	Cost		Gains		Losses		Value
Debt and equity securities:
U.S. government and Federal agency obligations	$	7,284	$	1	$	(15)	$	7,270
Obligations of states and political subdivisions		42,123		728		(68)		42,783
Other securities		5,176		75		(198)		5,053
TOTAL DEBT AND EQUITY SECURITIES		54,583		804		(281)		55,106
Mortgage-backed securities:
FHLMC certificates		16,373		64		(65)		16,372
GNMA certificates		35		—		—		35
FNMA certificates		34,943		610		(95)		35,458
CMOs issues by government agencies		57,946		775		(157)		58,564
TOTAL MORTGAGE-BACKED SECURITIES		109,297		1,449		(317)		110,429
TOTAL	$	163,880	$	2,253	$	(598)	$	165,535

Schedule of amortized cost and fair value of available-for-sale securities, by contractual maturity

	June 30, 2020
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	862	$	868
After one year but less than five years		9,875		10,089
After five years but less than ten years		15,812		16,174
After ten years		21,856		22,481
Total investment securities		48,405		49,612
Mortgage-backed securities		122,375		126,912
Total investments and mortgage-backed securities	$	170,780	$	176,524

Schedule of investments' gross unrealized losses and fair value

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
For the year ended June 30, 2020	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
(dollars in thousands)
Other securities	$	995	$	5	$	643	$	338	$	1,638	$	343
Mortgage-backed securities		9,037		39		—		—		9,037		39
Total investments and mortgage-backed securities	$	10,032	$	44	$	643	$	338	$	10,675	$	382

	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
For the year ended June 30, 2019	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
(dollars in thousands)
U.S. government-sponsored enterprises (GSEs)	$	—	$	—	$	6,969	$	15	$	6,969	$	15
Obligations of state and political subdivisions		—		—		8,531		68		8,531		68
Other securities		—		—		985		198		985		198
Mortgage-backed securities		1,175		1		34,148		316		35,323		317
Total investments and mortgage-backed securities	$	1,175	$	1	$	50,633	$	597	$	51,808	$	598