Goodwill and Intangible Assets

6 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and core deposit intangibles resulted from the Company's acquisition of Regal Bancorp in September 2023, which was accounted for under FASB ASC 805, Business Combinations. As of December 31, 2025, the carrying amount of goodwill was $20.4 million and the carrying amount of the core deposit intangibles, net of accumulated amortization, was $5.7 million. The intangible assets are related to core deposits and are being amortized over 10 years, using an accelerated method.

The changes in the carrying amount of goodwill and core deposit intangibles for the six months ended December 31, 2025 and 2024 are summarized as follows:


	Six Months Ended December 31,
	2025			2024
	(In thousands)
Balance at beginning of period	$	26,708		$	28,141
Amortization expense		(614	)		(753	)
Balance at end of period	$	26,094		$	27,388

Goodwill and intangible assets at December 31, 2025 and June 30, 2025:


	December 31, 2025		June 30, 2025
	(In thousands)
Goodwill	$	20,417	$	20,417
Core deposit intangibles, net of amortization		5,677		6,291
Goodwill and intangible assets	$	26,094	$	26,708

As of December 31, 2025, the amortization of the core deposit intangibles in future fiscal years is as follows:


	Amount
	(In thousands)
2026	$	554
2027		951
2028		774
2029		657
2030		650
Thereafter		2,091
Total	$	5,677

SR Bancorp, Inc. 10-Q