Available for Sale Securities (Tables)

3 Months Ended

Sep. 30, 2023

Available for Sale Securities

Schedule of Available for Sale Securities

	September 30, 2023
			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	$	44,905	$	2	$	(3,710)	$	—	$	41,197
Corporate obligations		35,740		36		(2,640)		—		33,136
Asset backed securities		66,764		1,332		(454)		—		67,642
Other securities		2,662		28		(48)		—		2,642
Total debt and equity securities		150,071		1,398		(6,852)		—		144,617
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		95,058		240		(8,905)		—		86,393
Commercial MBS issued by GSEs		61,188		—		(8,123)		—		53,065
CMOs issued by GSEs		131,090		—		(9,967)		—		121,123
Total MBS and CMOs		287,336		240		(26,995)		—		260,581
Total AFS securities	$	437,407	$	1,638	$	(33,847)	$	—	$	405,198

	June 30, 2023
			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	$	45,285	$	20	$	(2,737)	$	—	$	42,568
Corporate obligations		35,700		19		(3,181)		—		32,538
Asset backed securities		67,897		1,274		(545)				68,626
Other securities		3,587		39		(56)		—		3,570
Total debt and equity securities		152,469		1,352		(6,519)		—		147,302
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		97,612		122		(7,610)		—		90,124
Commercial MBS issued by GSEs		60,333		11		(6,959)		—		53,385
CMOs issued by GSEs		135,202		9		(8,468)		—		126,743
Total MBS and CMOs		293,147		142		(23,037)		—		270,252
Total AFS securities	$	445,616	$	1,494	$	(29,556)	$	—	$	417,554

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

	September 30, 2023
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	2,465	$	2,459
After one year but less than five years		27,412		26,235
After five years but less than ten years		56,993		53,581
After ten years		63,201		62,342
Total investment securities		150,071		144,617
MBS and CMOs		287,336		260,581
Total AFS securities	$	437,407	$	405,198

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

	September 30, 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	$	9,443	$	236	$	30,959	$	3,474	$	40,402	$	3,710
Corporate obligations		14,235		724		16,015		1,916		30,250		2,640
Asset backed securities		18,683		180		705		274		19,388		454
Other securities		—		—		1,546		48		1,546		48
MBS and CMOs		85,241		2,146		146,151		24,849		231,392		26,995
Total AFS securities	$	127,602	$	3,286	$	195,376	$	30,561	$	322,978	$	33,847

	June 30, 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	$	11,574	$	184	$	26,763	$	2,553	$	38,337	$	2,737
Corporate obligations		14,709		1,074		13,821		2,107		28,530		3,181
Asset backed securities		22,628		263		698		282		23,326		545
Other securities		1,970		11		350		45		2,320		56
MBS and CMOs		87,354		1,525		145,673		21,512		233,027		23,037
Total AFS securities	$	138,235	$	3,057	$	187,305	$	26,499	$	325,540	$	29,556