Securities (Tables)

9 Months Ended

Mar. 31, 2022

Securities

Schedule of Available for Sale Securities

	March 31, 2022
			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	$	45,420	$	409	$	(1,346)	$	—	$	44,483
Corporate obligations		19,822		81		(503)		—		19,400
Other securities		462		—		(17)		—		445
Total debt and equity securities		65,704		490		(1,866)		—		64,328
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		68,354		50		(2,882)		—		65,522
Commercial MBS issued by GSEs		48,617		183		(2,394)		—		46,406
CMOs issued by GSEs		52,061		72		(1,998)		—		50,135
Total MBS and CMOs		169,032		305		(7,274)		—		162,063
Total AFS securities	$	234,736	$	795	$	(9,140)	$	—	$	226,391

	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

	March 31, 2022
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	1,347	$	1,349
After one year but less than five years		7,503		7,517
After five years but less than ten years		31,814		31,125
After ten years		25,040		24,337
Total investment securities		65,704		64,328
MBS and CMOs		169,032		162,063
Total AFS securities	$	234,736	$	226,391

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

	March 31, 2022
	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	$	20,891	$	1,155	$	1,756	$	191	$	22,647	$	1,346
Corporate obligations		10,723		145		6,096		358		16,819		503
Other securities		445		17		—		—		445		17
MBS and CMOs		91,543		4,078		33,523		3,196		125,066		7,274
Total AFS securities	$	123,602	$	5,395	$	41,375	$	3,745	$	164,977	$	9,140

	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