Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2022

Fair Value Measurements

Fair Value, Assets Measured on Recurring Basis

	Fair Value Measurements at September 30, 2022, 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	$	43,886	$	—	$	43,886	$	—
Corporate obligations		19,512		—		19,512		—
Other securities		2,631		—		2,631		—
MBS and CMOs		169,087		—		169,087		—

	Fair Value Measurements at June 30, 2022, 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	$	44,479	$	—	$	44,479	$	—
Corporate obligations		19,887		—		19,887		—
Other securities		443		—		443		—
MBS and CMOs		170,585		—		170,585		—

Fair Value Measurements, Nonrecurring

	Fair Value Measurements at September 30, 2022, 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	$	10	$	—	$	—	$	10

	Fair Value Measurements at June 30, 2022, 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	$	—	$	—	$	—	$	—

Losses Recognized on Assets Measured on a Nonrecurring Basis

	For the three months ended
(dollars in thousands)	September 30, 2022		September 30, 2021
Foreclosed and repossessed assets held for sale	$	34	$	(28)
Total gains (losses) on assets measured on a non-recurring basis	$	34	$	(28)

Schedule of Financial Instruments

	September 30, 2022
			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	$	47,718	$	47,718	$	—	$	—
Interest-bearing time deposits		2,018		—		2,018		—
Stock in FHLB		13,485		—		13,485		—
Stock in Federal Reserve Bank of St. Louis		5,805		—		5,805		—
Loans receivable, net		2,939,191		—		—		2,888,109
Accrued interest receivable		13,870		—		13,870		—
Financial liabilities
Deposits		2,851,013		2,193,711		—		649,026
Advances from FHLB		224,973		—		222,447		—
Accrued interest payable		1,172		—		1,172		—
Subordinated debt		23,068		—		—		21,072
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—

	June 30, 2022
			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	$	86,792	$	86,792	$	—	$	—
Interest-bearing time deposits		4,768		—		4,768		—
Stock in FHLB		5,893		—		5,893		—
Stock in Federal Reserve Bank of St. Louis		5,790		—		5,790		—
Loans receivable, net		2,686,198		—		—		2,655,882
Accrued interest receivable		11,052		—		11,052		—
Financial liabilities
Deposits		2,815,075		2,176,444		—		637,163
Advances from FHLB		37,957		—		35,916		—
Accrued interest payable		801		—		801		—
Subordinated debt		23,055		—		—		22,070
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—