Available for Sale Securities (Tables)

12 Months Ended

Jun. 30, 2021

Available for Sale Securities

Schedule of Available for Sale Securities

	June 30, 2021
			Gross		Gross		Allowance		Estimated
	Amortized		Unrealized		Unrealized		for		Fair
(dollars in thousands)	Cost		Gains		Losses		Credit Losses		Value
Debt and equity securities:
Obligations of states and political subdivisions	$	46,257	$	1,479	$	(40)	$	—	$	47,696
Corporate obligations		20,356		290		(335)		—		20,311
Other securities		647		25		—		—		672
TOTAL DEBT AND EQUITY SECURITIES		67,260		1,794		(375)		—		68,679
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		64,400		932		(379)		—		64,953
Commercial MBS issued by GSEs		35,425		1,394		(338)		—		36,481
CMOs issued by GSEs		36,201		755		(49)		—		36,907
TOTAL MBS and CMOs		136,026		3,081		(766)		—		138,341
TOTAL	$	203,286	$	4,875	$	(1,141)	$	—	$	207,020

	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
Corporate obligations		6,970		27		(338)		6,659
Other securities		949		21		(5)		965
TOTAL DEBT AND EQUITY SECURITIES		48,405		1,550		(343)		49,612
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by GSEs		62,315		1,646		(7)		63,954
Commercial MBS issued by GSEs		17,466		1,585		—		19,051
CMOs issued by GSEs		42,594		1,345		(32)		43,907
TOTAL MBS and CMOs		122,375		4,576		(39)		126,912
TOTAL	$	170,780	$	6,126	$	(382)	$	176,524

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

	June 30, 2021
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	1,873	$	1,887
After one year but less than five years		9,564		9,720
After five years but less than ten years		30,386		31,033
After ten years		25,437		26,039
Total investment securities		67,260		68,679
MBS and CMOs		136,026		138,341
Total AFS securities	$	203,286	$	207,020

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, 2021	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
(dollars in thousands)
Obligations of state and political subdivisions	$	3,177	$	40	$	—	$	—	$	3,177	$	40
Corporate obligations		9,331		79		720		256		10,051		335
MBS and CMOs		53,893		764		70		2		53,963		766
Total AFS securities	$	66,401	$	883	$	790	$	258	$	67,191	$	1,141

	June 30, 2020
	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
Corporate obligations		995		5		454		333		1,449		338
Other securities		—		—		189		5		189		5
MBS and CMOs		9,037		39		—		—		9,037		39
Total AFS securities	$	10,032	$	44	$	643	$	338	$	10,675	$	382