Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2023

Fair Value Measurements

Fair Value, Assets Measured on Recurring Basis

	Fair Value Measurements at March 31, 2023, 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)
U.S. government sponsored enterprises (GSEs)	$	8,741	$	—	$	8,741	$	—
Obligations of state and political subdivisions		43,406				43,406
Corporate obligations		34,296		—		34,296		—
Asset backed securities		60,347				60,347
Other securities		3,586		—		3,586		—
MBS and CMOs		279,422		—		279,422		—

	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 —

Losses Recognized on Assets Measured on a Nonrecurring Basis

	For the nine months ended
(dollars in thousands)	March 31, 2023		March 31, 2022
Foreclosed and repossessed assets held for sale	$	(123)	$	(435)
Total losses on assets measured on a non-recurring basis	$	(123)	$	(435)

Schedule of Financial Instruments

	March 31, 2023
			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	$	114,540	$	114,540	$	—	$	—
Interest-bearing time deposits		1,251		—		1,251		—
Stock in FHLB		7,855		—		7,855		—
Stock in Federal Reserve Bank of St. Louis		8,491		—		8,491		—
Loans receivable, net		3,434,519		—		—		3,272,957
Accrued interest receivable		16,372		—		16,372		—
Financial liabilities
Deposits		3,755,193		2,801,811		—		941,690
Advances from FHLB		45,002		—		44,088		—
Accrued interest payable		3,721		—		3,721		—
Subordinated debt		23,092		—		—		20,345
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		—		—		—		—