Available for Sale Securities (Tables)

9 Months Ended

Mar. 31, 2024

Available for Sale Securities

Schedule of available for sale securities

	March 31, 2024
			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	$	30,008	$	25	$	(1,925)	$	—	$	28,108
Corporate obligations		35,826		126		(2,139)		—		33,813
Asset backed securities		63,561		1,514		(280)		—		64,795
Other securities		5,657		21		(70)		—		5,608
Total debt and equity securities		135,052		1,686		(4,414)		—		132,324
Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs):
Residential MBS issued by governmental sponsored enterprises (GSEs)		107,807		645		(7,471)		—		100,981
Commercial MBS issued by GSEs		65,311		150		(6,404)		—		59,057
CMOs issued by GSEs		149,899		58		(8,630)		—		141,327
Total MBS and CMOs		323,017		853		(22,505)		—		301,365
Total AFS securities	$	458,069	$	2,539	$	(26,919)	$	—	$	433,689

	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

	March 31, 2024
	Amortized		Estimated
(dollars in thousands)	Cost		Fair Value
Within one year	$	1,455	$	1,438
After one year but less than five years		25,465		24,522
After five years but less than ten years		59,624		57,701
After ten years		48,508		48,663
Total investment securities		135,052		132,324
MBS and CMOs		323,017		301,365
Total AFS securities	$	458,069	$	433,689

Schedule of available-for-sale securities, continuous unrealized loss position and fair Value

	March 31, 2024
	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	$	1,831	$	8	$	21,855	$	1,917	$	23,686	$	1,925
Corporate obligations		—		—		26,908		2,139		26,908		2,139
Asset backed securities		—		—		10,464		280		10,464		280
Other securities		4,709		24		284		46		4,993		70
MBS and CMOs		72,766		831		188,120		21,674		260,886		22,505
Total AFS securities	$	79,306	$	863	$	247,631	$	26,056	$	326,937	$	26,919

	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