Fair Value Measurements and Fair Value of Financial Instruments (Tables)

12 Months Ended

Jun. 30, 2025

Fair Value Measurements and Fair Value of Financial Instruments [Abstract]

Assets Measured at Fair Value on Recurring Basis

For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used are as follows:


			Fair Value Measurements Using
				Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs
(In thousands)		June 30, 2025		(Level 1)		(Level 2)		(Level 3)
Assets:
U.S. Treasury securities	$	10,453	$	-	$	10,453	$	-
U.S. government sponsored enterprises		11,644		-		11,644		-
State and political subdivisions		209,844		-		209,844		-
Mortgage-backed securities-residential		31,587		-		31,587		-
Mortgage-backed securities-multi-family		74,597		-		74,597		-
Corporate debt securities		17,937		-		17,937		-
Securities available-for-sale		356,062		-		356,062		-
Equity securities		402		402		-		-
Interest rate swaps		4,733		-		4,733		-
Total	$	361,197	$	402	$	360,795	$	-

Liabilities:
Interest rate swaps	$	4,733	$	-	$	4,733	$	-
Total	$	4,733	$	-	$	4,733	$	-


			Fair Value Measurements Using
				Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs
(In thousands)		June 30, 2024		(Level 1)		(Level 2)		(Level 3)
Assets:
U.S. Treasury securities	$	41,195	$	-	$	41,195	$	-
U.S. government sponsored enterprises		10,974		-		10,974		-
State and political subdivisions		170,669		-		170,669		-
Mortgage-backed securities-residential		36,575		-		36,575		-
Mortgage-backed securities-multi-family		72,300		-		72,300		-
Corporate debt securities		18,288		-		18,288		-
Securities available-for-sale		350,001		-		350,001		-
Equity securities		328		328		-		-
Interest rate swaps		585		-		585		-
Total	$	350,914	$	328	$	350,586	$	-

Liabilities:
Interest rate swaps	$	585	$	-	$	585	$	-
Total	$	585	$	-	$	585	$	-

Fair Value Measurements for Loans Evaluated Individually and Foreclosed Real Estate

Such modifications to the appraised values could result in lower valuations of such collateral. Based on the valuation techniques used, the fair value measurements for foreclosed real estate are classified as Level 3.


		June 30, 2025				June 30, 2024
(In thousands)	Fair value hierarchy		Carrying amount		Estimated fair value		Carrying amount		Estimated fair value

Loans individually evaluated	3	$	751	$	202	$	1,405	$	662

Carrying Amounts and Estimated Fair Value of Financial Instruments

The carrying amounts and estimated fair value of financial instruments are as follows:


	June 30, 2025				Fair value measurements using
(In thousands)		Carrying amount		Fair value		(Level 1)		(Level 2)		(Level 3)

Cash and cash equivalents	$	183,078	$	183,078	$	183,078	$	-	$	-
Long-term certificate of deposit		1,425		1,421		-		1,421		-
Securities available-for-sale		356,062		356,062		-		356,062		-
Securities held-to-maturity		776,147		738,134		-		738,134		-
Equity securities		402		402		402		-		-
Federal Home Loan Bank stock		5,504		5,504		-		5,504		-
Net loans receivable		1,607,260		1,536,150		-		-		1,536,150
Accrued interest receivable		16,381		16,381		-		16,381		-
Interest rate swap asset		4,733		4,733		-		4,733		-

Deposits		2,639,835		2,639,246		-		2,639,246		-
Borrowings		78,189		78,346		-		78,346		-
Subordinated notes payable, net		49,867		48,485		-		48,485		-
Accrued interest payable		1,271		1,271		-		1,271		-
Interest rate swap liability		4,733		4,733		-		4,733		-


	June 30, 2024				Fair value measurements using
(In thousands)		Carrying amount		Fair value		(Level 1)		(Level 2)		(Level 3)

Cash and cash equivalents	$	190,395	$	190,395	$	190,395	$	-	$	-
Long-term certificate of deposit		2,831		2,760		-		2,760		-
Securities available-for-sale		350,001		350,001		-		350,001		-
Securities held-to-maturity		690,354		630,241		-		630,241		-
Equity securities		328		328		328		-		-
Federal Home Loan Bank stock		7,296		7,296		-		7,296		-
Net loans receivable		1,480,229		1,387,325		-		-		1,387,325
Accrued interest receivable		14,269		14,269		-		14,269		-
Interest rate swap asset		585		585		-		585		-

Deposits		2,389,222		2,388,305		-		2,388,305		-
Borrowings		149,456		149,438		-		149,438		-
Subordinated notes payable, net		49,681		46,114		-		46,114		-
Accrued interest payable		1,551		1,551		-		1,551		-
Interest rate swap liability		585		585		-		585		-

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