Available for Sale Securities (Tables)

9 Months Ended

Mar. 31, 2023

Available for Sale Securities

Schedule of Available for Sale Securities

	March 31, 2023
			Gross		Gross		Allowance		Estimated
	Amortized		Unrealized		Unrealized		for		Fair
(dollars in thousands)	Cost		Gains		Losses		Credit Losses		Value
Debt and equity securities:
U.S. government-sponsored enterprises (GSEs)	$	8,476	$	265	$	—	$	—	$	8,741
Obligations of states and political subdivisions		45,740		43		(2,377)		—		43,406
Corporate obligations		36,644		68		(2,416)		—		34,296
Asset backed securities		59,592		850		(95)		—		60,347
Other securities		3,600		46		(60)		—		3,586
Total debt and equity securities		154,052		1,272		(4,948)		—		150,376
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		100,054		738		(7,440)		—		93,352
Commercial MBS issued by GSEs		60,485		83		(5,747)		—		54,821
CMOs issued by GSEs		138,512		8		(7,271)		—		131,249
Total MBS and CMOs		299,051		829		(20,458)		—		279,422
Total AFS securities	$	453,103	$	2,101	$	(25,406)	$	—	$	429,798

	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

	March 31, 2023
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	3,227	$	3,216
After one year but less than five years		29,339		28,156
After five years but less than ten years		64,436		61,923
After ten years		57,050		57,081
Total investment securities		154,052		150,376
MBS and CMOs		299,051		279,422
Total AFS securities	$	453,103	$	429,798

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

	March 31, 2023
	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	$	9,413	$	98	$	26,218	$	2,279	$	35,631	$	2,377
Corporate obligations		18,451		750		13,760		1,666		32,211		2,416
Asset backed securities		7,013		95		—		—		7,013		95
Other securities		1,962		19		354		41		2,316		60
MBS and CMOs		109,361		1,528		135,113		18,930		244,474		20,458
Total AFS securities	$	146,200	$	2,490	$	175,445	$	22,916	$	321,645	$	25,406

	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