Securities (Tables)

6 Months Ended

Dec. 31, 2021

Securities

Schedule of Available for Sale Securities

	December 31, 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	$	46,042	$	1,335	$	(88)	$	—	$	47,289
Corporate obligations		19,817		278		(325)		—		19,770
Other securities		566		1		—		—		567
Total debt and equity securities		66,425		1,614		(413)		—		67,626
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		58,941		576		(653)		—		58,864
Commercial MBS issued by GSEs		38,256		852		(556)		—		38,552
CMOs issued by GSEs		41,663		352		(474)		—		41,541
Total MBS and CMOs		138,860		1,780		(1,683)		—		138,957
Total AFS securities	$	205,285	$	3,394	$	(2,096)	$	—	$	206,583

	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

	December 31, 2021
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	1,549	$	1,553
After one year but less than five years		6,204		6,317
After five years but less than ten years		29,557		30,064
After ten years		29,115		29,692
Total investment securities		66,425		67,626
MBS and CMOs		138,860		138,957
Total AFS securities	$	205,285	$	206,583

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

	December 31, 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	$	6,412	$	88	$	—	$	—	$	6,412	$	88
Corporate obligations		4,364		39		6,167		286		10,531		325
MBS and CMOs		72,113		1,301		10,819		382		82,932		1,683
Total AFS securities	$	82,889	$	1,428	$	16,986	$	668	$	99,875	$	2,096

	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