Securities (Tables)

3 Months Ended

Sep. 30, 2021

Securities

Schedule of Available for Sale Securities

	September 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	$	45,360	$	1,545	$	(36)	$	—	$	46,869
Corporate obligations		18,853		325		(346)		—		18,832
Other securities		591		17		—		—		608
Total debt and equity securities		64,804		1,887		(382)		—		66,309
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		63,247		950		(258)		—		63,939
Commercial MBS issued by GSEs		35,349		1,286		(291)		—		36,344
CMOs issued by GSEs		42,263		628		(74)		—		42,817
Total MBS and CMOs		140,859		2,864		(623)		—		143,100
Total AFS securities	$	205,663	$	4,751	$	(1,005)	$	—	$	209,409

	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 AFS securities	$	203,286	$	4,875	$	(1,141)	$	—	$	207,020

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

	September 30, 2021
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	1,555	$	1,562
After one year but less than five years		7,236		7,375
After five years but less than ten years		28,516		29,212
After ten years		27,497		28,160
Total investment securities		64,804		66,309
MBS and CMOs		140,859		143,100
Total AFS securities	$	205,663	$	209,409

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value {1}

	September 30, 2021
	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
(dollars in thousands)
Obligations of state and political subdivisions	$	2,716	$	36	$	—	$	—	$	2,716	$	36
Corporate obligations		6,381		84		715		262		7,096		346
MBS and CMOs		45,063		547		4,399		76		49,462		623
Total AFS securities	$	54,160	$	667	$	5,114	$	338	$	59,274	$	1,005

	June 30, 2021
	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
	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