Available for Sale Securities (Tables)

6 Months Ended

Dec. 31, 2022

Available for Sale Securities

Schedule of Available for Sale Securities

	December 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	$	47,396	$	25	$	(2,860)	$	—	$	44,561
Corporate obligations		20,825		—		(1,516)		—		19,309
Other securities		2,431		—		(61)		—		2,370
Total debt and equity securities		70,652		25		(4,437)		—		66,240
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		74,177		—		(6,720)		—		67,457
Commercial MBS issued by GSEs		53,131		—		(6,163)		—		46,968
CMOs issued by GSEs		57,454		—		(6,730)		—		50,724
Total MBS and CMOs		184,762		—		(19,613)		—		165,149
Total AFS securities	$	255,414	$	25	$	(24,050)	$	—	$	231,389

	June 30, 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	$	47,383	$	77	$	(2,981)	$	—		44,479
Corporate obligations		20,818		32		(963)		—		19,887
Other securities		486		—		(43)		—		443
Total debt and equity securities		68,687		109		(3,987)		—		64,809
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		76,345		—		(7,177)		—		69,168
Commercial MBS issued by GSEs		51,435		—		(5,705)		—		45,730
CMOs issued by GSEs		61,293		—		(5,606)		—		55,687
Total MBS and CMOs		189,073		—		(18,488)		—		170,585
Total AFS securities	$	257,760	$	109	$	(22,475)	$	—	$	235,394

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

	December 31, 2022
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	2,512	$	2,491
After one year but less than five years		12,943		12,444
After five years but less than ten years		37,320		34,602
After ten years		17,877		16,703
Total investment securities		70,652		66,240
MBS and CMOs		184,762		165,149
Total AFS securities	$	255,414	$	231,389

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

	December 31, 2022
	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
(dollars in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Obligations of state and political subdivisions	$	26,509	$	721	$	13,953	$	2,139	$	40,462	$	2,860
Corporate obligations		7,957		493		11,352		1,023		19,309		1,516
Other securities		1,960		21		386		40		2,346		61
MBS and CMOs		92,777		6,264		72,372		13,349		165,149		19,613
Total AFS securities	$	129,203	$	7,499	$	98,063	$	16,551	$	227,266	$	24,050

	June 30, 2022
	Less than 12 months				12 months or more				Total
			Unrealized				Unrealized				Unrealized
(dollars in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Obligations of state and political subdivisions	$	31,985	$	2,639	$	1,600	$	342	$	33,585	$	2,981
Corporate obligations		10,944		420		6,911		543		17,855		963
Other securities		418		43		—		—		418		43
MBS and CMOs		137,590		12,482		29,834		6,006		167,424		18,488
Total AFS securities	$	180,937	$	15,584	$	38,345	$	6,891	$	219,282	$	22,475