Fair Value Measurements (Tables)

6 Months Ended

Dec. 31, 2020

Fair Value Measurements

Fair Value, Assets Measured on Recurring Basis

	Fair Value Measurements at December 31, 2020, Using:
			Quoted Prices in
			Active Markets for		Significant Other		Significant
			Identical Assets		Observable Inputs		Unobservable Inputs
(dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
State and political subdivisions	$	48,474	$	—	$	48,474	$	—
Other securities		15,309		—		15,309		—
Mortgage-backed GSE residential		117,363		—		117,363		—

	Fair Value Measurements at June 30, 2020, Using:
			Quoted Prices in
			Active Markets for		Significant Other		Significant
			Identical Assets		Observable Inputs		Unobservable Inputs
(dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
State and political subdivisions	$	41,988	$	—	$	41,988	$	—
Other securities		7,624		—		7,624		—
Mortgage-backed GSE residential		126,912		—		126,912		—

Fair Value Measurements, Nonrecurring

	Fair Value Measurements at December 31, 2020, Using:
			Quoted Prices in
			Active Markets for		Significant Other		Significant
			Identical Assets		Observable Inputs		Unobservable Inputs
(dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
Foreclosed and repossessed assets held for sale	$	607	$	—	$	—	$	607

	Fair Value Measurements at June 30, 2020, Using:
			Quoted Prices in
			Active Markets for		Significant Other		Significant
			Identical Assets		Observable Inputs		Unobservable Inputs
(dollars in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
Foreclosed and repossessed assets held for sale	$	2,211	$	—	$	—	$	2,211

Gains (Losses) Recognized on Assets Measured on a Nonrecurring Basis

	For the three months ended
(dollars in thousands)	December 31, 2020		December 31, 2019
Foreclosed and repossessed assets held for sale	$	(24)	$	(96)
Total losses on assets measured on a non-recurring basis	$	(24)	$	(96)

Fair Value Option, Disclosures

					Range
	Fair value at		Valuation	Unobservable	of		Weighted-average
(dollars in thousands)	December 31, 2020		technique	inputs	inputs applied		inputs applied
Nonrecurring Measurements
Foreclosed and repossessed assets	$	607	Third party appraisal	Marketability discount	0.0% - 60.4	%	21.8	%

					Range
	Fair value at		Valuation	Unobservable	of		Weighted-average
(dollars in thousands)	June 30, 2020		technique	inputs	inputs applied		inputs applied
Nonrecurring Measurements
Foreclosed and repossessed assets	$	2,211	Third party appraisal	Marketability discount	8.0% - 56.9	%	15.7	%

Schedule of Financial Instruments

	December 31, 2020
			Quoted Prices
			in Active				Significant
			Markets for		Significant Other		Unobservable
	Carrying		Identical Assets		Observable Inputs		Inputs
(dollars in thousands)	Amount		(Level 1)		(Level 2)		(Level 3)
Financial assets
Cash and cash equivalents	$	149,520	$	149,520	$	—	$	—
Interest-bearing time deposits		976		—		976		—
Stock in FHLB		5,987		—		5,987		—
Stock in Federal Reserve Bank of St. Louis		5,017		—		5,017		—
Loans receivable, net		2,121,399		—		—		2,142,067
Accrued interest receivable		12,377		—		12,377		—
Financial liabilities
Deposits		2,265,087		1,642,913		—		625,697
Advances from FHLB		63,286		—		64,992		—
Accrued interest payable		1,106		—		1,106		—
Subordinated debt		15,193		—		—		13,849
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—

	June 30, 2020
			Quoted Prices
			in Active				Significant
			Markets for		Significant Other		Unobservable
	Carrying		Identical Assets		Observable Inputs		Inputs
(dollars in thousands)	Amount		(Level 1)		(Level 2)		(Level 3)
Financial assets
Cash and cash equivalents	$	54,245	$	54,245	$	—	$	—
Interest-bearing time deposits		974		—		974		—
Stock in FHLB		6,390		—		6,390		—
Stock in Federal Reserve Bank of St. Louis		4,363		—		4,363		—
Loans receivable, net		2,141,929		—		—		2,143,823
Accrued interest receivable		12,116		—		12,116		—
Financial liabilities
Deposits		2,184,847		1,508,740		—		676,816
Advances from FHLB		70,024		—		72,136		—
Accrued interest payable		1,646		—		1,646		—
Subordinated debt		15,142		—		—		11,511
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—