Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2021

Fair Value Measurements

Fair Value, Assets Measured on Recurring Basis

	Fair Value Measurements at September 30, 2021, 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)
Obligations of state and political subdivisions	$	46,869	$	—	$	46,869	$	—
Corporate obligations		18,832		—		18,832		—
Other securities		608		—		608		—
MBS and CMOs		143,100		—		143,100		—

	Fair Value Measurements at June 30, 2021, 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)
Obligations of state and political subdivisions	$	47,696	$	—	$	47,696	$	—
Corporate obligations		20,311		—		20,311		—
Other securities		672		—		672		—
MBS and CMOs		138,341		—		138,341		—

Fair Value Measurements, Nonrecurring

	Fair Value Measurements at September 30, 2021, 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	$	144	$	—	$	—	$	144

	Fair Value Measurements at June 30, 2021, 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	$	280	$	—	$	—	$	280

Losses Recognized on Assets Measured on a Nonrecurring Basis

	For the three months ended
(dollars in thousands)	September 30, 2021		September 30, 2020
Foreclosed and repossessed assets held for sale	$	(28)	$	(36)
Total losses on assets measured on a non-recurring basis	$	(28)	$	(36)

Fair Value Option, Disclosures

					Range
	Fair value at		Valuation	Unobservable	of		Weighted-average
(dollars in thousands)	September 30, 2021		technique	inputs	inputs applied		inputs applied
Nonrecurring Measurements
Foreclosed and repossessed assets	$	144	Third party appraisal	Marketability discount	8.0% - 51.0	%	24.4	%

					Range
	Fair value at		Valuation	Unobservable	of		Weighted-average
(dollars in thousands)	June 30, 2021		technique	inputs	inputs applied		inputs applied
Nonrecurring Measurements
Foreclosed and repossessed assets	$	280	Third party appraisal	Marketability discount	7.2% - 80.6	%	37.1	%

Schedule of Financial Instruments

	September 30, 2021
			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	$	111,402	$	111,402	$	—	$	—
Interest-bearing time deposits		980		—		980		—
Stock in FHLB		5,425		—		5,425		—
Stock in Federal Reserve Bank of St. Louis		5,031		—		5,031		—
Loans receivable, net		2,249,478		—		—		2,265,086
Accrued interest receivable		11,203		—		11,203		—
Financial liabilities
Deposits		2,371,695		1,817,346		—		556,397
Advances from FHLB		46,522		—		47,419		—
Accrued interest payable		731		—		731		—
Subordinated debt		15,268		—		—		16,045
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—

	June 30, 2021
			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	$	123,592	$	123,592	$	—	$	—
Interest-bearing time deposits		979		—		979		—
Stock in FHLB		5,873		—		5,873		—
Stock in Federal Reserve Bank of St. Louis		5,031		—		5,031		—
Loans receivable, net		2,200,244		—		—		2,218,762
Accrued interest receivable		10,079		—		10,079		—
Financial liabilities
Deposits		2,330,803		1,768,217		—		565,123
Advances from FHLB		57,529		—		58,587		—
Accrued interest payable		779		—		779		—
Subordinated debt		15,243		—		—		15,468
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—