Greene County Bancorp (GCBC) 10-Q 8 May 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2020	May 06, 2020
Cover [Abstract]
Entity Registrant Name	GREENE COUNTY BANCORP INC
Entity Central Index Key	0001070524
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		8,513,414
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Address, State or Province	NY

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
ASSETS
Total cash and cash equivalents	$ 77,814	$ 29,538
Long term certificates of deposit	4,071	2,875
Securities available-for-sale, at fair value	209,122	122,728
Securities held-to-maturity, at amortized cost (fair value $399,256 at March 31, 2020; $313,613 at June 30, 2019)	382,532	304,208
Equity securities, at fair value	238	253
Federal Home Loan Bank stock, at cost	1,196	1,759
Loans	897,961	798,105
Allowance for loan losses	(15,205)	(13,200)
Unearned origination fees and costs, net	979	833
Net loans receivable	883,735	785,738
Premises and equipment, net	13,366	13,255
Accrued interest receivable	7,506	5,853
Foreclosed real estate	0	53
Prepaid expenses and other assets	4,892	3,202
Total assets	1,584,472	1,269,462
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing deposits	106,844	107,469
Interest-bearing deposits	1,322,688	1,013,100
Total deposits	1,429,532	1,120,569
Borrowings from Federal Home Loan Bank, short-term	0	8,000
Borrowings from other banks, short-term	4,000	0
Borrowings from Federal Home Loan Bank, long-term	9,100	13,600
Accrued expenses and other liabilities	17,847	14,924
Total liabilities	1,460,479	1,157,093
SHAREHOLDERS' EQUITY
Preferred stock, Authorized - 1,000,000 shares; Issued - None	0	0
Common stock, par value $.10 per share; Authorized - 12,000,000 shares; Issued - 8,611,340; Outstanding - 8,513,414 shares at March 31, 2020, and 8,537,814 at June 30, 2019	861	861
Additional paid-in capital	11,017	11,017
Retained earnings	113,993	101,774
Accumulated other comprehensive loss	(970)	(1,006)
Treasury stock, at cost 97,926 shares at March 31, 2020, and 73,526 shares at June 30, 2019	(908)	(277)
Total shareholders' equity	123,993	112,369
Total liabilities and shareholders' equity	$ 1,584,472	$ 1,269,462

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
ASSETS
Securities held-to-maturity, fair value	$ 399,256	$ 313,613
SHAREHOLDERS' EQUITY
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (in shares)	12,000,000	12,000,000
Common stock, shares issued (in shares)	8,611,340	8,611,340
Common stock, shares outstanding (in shares)	8,513,414	8,537,814
Treasury stock, shares (in shares)	97,926	73,526

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Interest income:
Loans	$ 9,955	$ 8,900	$ 29,161	$ 25,894
Investment securities - taxable	178	197	509	608
Mortgage-backed securities	1,327	978	3,832	3,151
Investment securities - tax exempt	1,771	1,418	5,129	4,184
Interest-bearing deposits and federal funds sold	206	215	611	274
Total interest income	13,437	11,708	39,242	34,111
Interest expense:
Interest on deposits	2,239	1,584	6,494	3,891
Interest on borrowings	57	98	196	542
Total interest expense	2,296	1,682	6,690	4,433
Net interest income	11,141	10,026	32,552	29,678
Provision for loan losses	1,425	350	2,666	1,058
Net interest income after provision for loan losses	9,716	9,676	29,886	28,620
Noninterest income:
Service charges on deposit accounts	1,034	960	3,270	3,103
Debit card fees	698	604	2,196	1,929
Investment services	120	145	433	396
E-commerce fees	24	31	90	102
Other operating income	250	270	719	673
Total noninterest income	2,126	2,010	6,708	6,203
Noninterest expense:
Salaries and employee benefits	4,412	4,005	12,346	11,160
Occupancy expense	496	471	1,403	1,287
Equipment and furniture expense	191	112	598	453
Service and data processing fees	626	546	1,838	1,583
Computer software, supplies and support	285	260	791	683
Advertising and promotion	115	110	373	306
FDIC insurance premiums	159	117	132	344
Legal and professional fees	274	280	878	892
Other	670	585	1,826	1,986
Total noninterest expense	7,228	6,486	20,185	18,694
Income before provision for income taxes	4,614	5,200	16,409	16,129
Provision for income taxes	563	844	2,382	2,809
Net income	$ 4,051	$ 4,356	$ 14,027	$ 13,320
Basic and diluted earnings per share (in dollars per share)	$ 0.47	$ 0.51	$ 1.64	$ 1.56
Basic and diluted average shares outstanding (in shares)	8,531,304	8,537,814	8,535,391	8,537,814
Dividends per share (in dollars per share)	$ 0.11	$ 0.10	$ 0.33	$ 0.30

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Consolidated Statements of Comprehensive Income (Unaudited) [Abstract]
Net Income	$ 4,051	$ 4,356	$ 14,027	$ 13,320
Other comprehensive income:
Unrealized holding gains on available-for-sale securities, net of income tax expense of $149 and $64, for the three months, and $13 and $141, for the nine months ended March 31, 2020 and 2019, respectively	421	181	36	398
Total other comprehensive income, net of taxes	421	181	36	398
Comprehensive income	$ 4,472	$ 4,537	$ 14,063	$ 13,718

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Other comprehensive income:
Unrealized holding gains on available-for-sale securities, income taxes	$ 149	$ 64	$ 13	$ 141

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands		Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]		Treasury Stock [Member]	Total
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Impact of Adopting ASU | ASU 2016-01 [Member]	[1]			$ 114	$ (114)	[2]		$ 0
Balance at Jun. 30, 2018		$ 861	$ 11,017	86,213	(1,623)		$ (277)	96,191
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared				(1,644)				(1,644)
Net income				13,320				13,320
Other comprehensive income net of taxes					398			398
Balance at Mar. 31, 2019		861	11,017	98,003	(1,339)		(277)	108,265
Balance at Dec. 31, 2018		861	11,017	94,040	(1,520)		(277)	104,121
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared				(393)				(393)
Net income				4,356				4,356
Other comprehensive income net of taxes					181			181
Balance at Mar. 31, 2019		861	11,017	98,003	(1,339)		(277)	108,265
Balance at Jun. 30, 2019		861	11,017	101,774	(1,006)		(277)	112,369
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock repurchases							(631)	(631)
Dividends declared				(1,808)				(1,808)
Net income				14,027				14,027
Other comprehensive income net of taxes					36			36
Balance at Mar. 31, 2020		861	11,017	113,993	(970)		(908)	123,993
Balance at Dec. 31, 2019		861	11,017	110,374	(1,391)		(315)	120,546
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock repurchases							(594)	(594)
Dividends declared				(432)				(432)
Net income				4,051				4,051
Other comprehensive income net of taxes					421			421
Balance at Mar. 31, 2020		$ 861	$ 11,017	$ 113,993	$ (970)		$ (908)	$ 123,993
[1]	Cumulative effect of change in measurement of equity securities (ASU 2016-01).
[2]	Adoption of ASU 2016-01 - cumulative effect of change in measurement of equity securities.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net Income	$ 14,027	$ 13,320
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	539	481
Deferred income tax benefit	(285)	(563)
Net amortization of premiums and discounts	625	214
Net amortization of deferred loan costs and fees	386	358
Provision for loan losses	2,666	1,058
Net loss (gain) on equity securities	15	(20)
Net (gain) loss on sale of foreclosed real estate	(19)	34
Net increase in accrued income taxes	762	899
Net increase in accrued interest receivable	(1,653)	(1,068)
Net increase in prepaid and other assets	(1,944)	(489)
Net increase in accrued expenses and other liabilities	2,687	929
Net cash provided by operating activities	17,806	15,153
Securities available-for-sale:
Proceeds from maturities	70,520	77,974
Purchases of securities	(164,360)	(62,996)
Principal payments on securities	7,329	2,335
Securities held-to-maturity:
Proceeds from maturities	22,873	13,007
Purchases of securities	(121,783)	(50,591)
Principal payments on securities	20,127	20,488
Net redemption of Federal Home Loan Bank Stock	563	247
Purchase of long term certificate of deposit	(1,441)	(735)
Maturity of long term certificates of deposit	245	245
Net increase in loans receivable	(101,264)	(60,304)
Proceeds from sale of foreclosed real estate	287	65
Purchases of premises and equipment	(650)	(370)
Net cash used by investing activities	(267,554)	(60,635)
Cash flows from financing activities
Net decrease in short-term FHLB advances	(8,000)	0
Repayment of long-term FHLB advances	(4,500)	(5,500)
Net increase in short-term advances from other banks	4,000	0
Payment of cash dividends	(1,808)	(1,644)
Purchase of treasury stock	(631)	0
Net increase in deposits	308,963	114,544
Net cash provided by financing activities	298,024	107,400
Net increase in cash and cash equivalents	48,276	61,918
Cash and cash equivalents at beginning of period	29,538	26,504
Cash and cash equivalents at end of period	77,814	88,422
Non-cash investing activities:
Foreclosed loans transferred to foreclosed real estate	215	34
Cash paid during period for:
Interest	6,675	4,423
Income taxes	$ 1,904	$ 2,473

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2020
Basis of Presentation [Abstract]
Basis of Presentation	(1) Basis of Presentation Within the accompanying unaudited consolidated statement of financial condition, and related notes to the consolidated financial statements, June 30, 2019 data was derived from the audited consolidated financial statements of Greene County Bancorp, Inc. (the “Company”) and its wholly owned subsidiaries, The Bank of Greene County (the “Bank”) and Greene Risk Management, Inc., and the Bank’s wholly owned subsidiaries, Greene County Commercial Bank and Greene Property Holdings, Ltd. The consolidated financial statements at and for the three and nine months ended March 31, 2020 and 2019 are unaudited. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. To the extent that information and notes required by GAAP for complete financial statements are contained in or are consistent with the audited financial statements incorporated by reference to Greene County Bancorp, Inc.’s Annual Report on Form 10-K for the year ended June 30, 2019, such information and notes have not been duplicated herein. In the opinion of management, all adjustments (consisting of only normal recurring items) necessary for a fair presentation of the financial position and results of operations and cash flows at and for the periods presented have been included. The Company had no reclassifications from amounts in the prior year’s consolidated financial statements to conform to the current year’s presentation. All material inter-company accounts and transactions have been eliminated in the consolidation. The results of operations and other data for the three and nine months ended March 31, 2020 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2020. These consolidated financial statements consider events that occurred through the date the consolidated financial statements were issued. CRITICAL ACCOUNTING POLICIES Greene County Bancorp, Inc.’s critical accounting policies relate to the allowance for loan losses and the evaluation of securities for other-than-temporary impairment. The allowance for loan losses is based on management’s estimation of an amount that is intended to absorb losses in the existing portfolio. The allowance for loan losses is established through a provision for loan losses based on management’s evaluation of the risk inherent in the loan portfolio, the composition of the portfolio, specific impaired loans and current economic conditions. Such evaluation, which includes a review of all loans for which full collectability may not be reasonably assured, considers among other matters, the estimated net realizable value or the fair value of the underlying collateral, economic conditions, historical loan loss experience, management’s estimate of probable credit losses and other factors that warrant recognition in providing for the allowance of loan losses. However, this evaluation involves a high degree of complexity and requires management to make subjective judgments that often require assumptions or estimates about highly uncertain matters. This critical accounting policy and its application are periodically reviewed with the Audit Committee and the Board of Directors. There have been no significant changes in the application of this critical accounting policy during the three and nine months ended March 31, 2020. Securities are evaluated for other-than-temporary impairment by performing periodic reviews of individual securities in the investment portfolio. Greene County Bancorp, Inc. makes an assessment to determine whether there have been any events or economic circumstances to indicate that a security, on which there is an unrealized loss, is impaired on an other-than-temporary basis. The Company considers many factors, including the severity and duration of the impairment; the intent and ability of the Company to hold the equity security for a period of time sufficient for a recovery in value; recent events specific to the issuer or industry; and for debt securities, the intent to sell the security, the likelihood to be required to sell the security before it recovers the entire amortized cost, external credit ratings and recent downgrades. The Company is required to record other-than-temporary impairment charges through earnings, if it has the intent to sell, or will more likely than not be required to sell an impaired debt security before a recovery of its amortized cost basis. In addition, the Company is required to record other-than-temporary impairment charges through earnings for the amount of credit losses, regardless of the intent or requirement to sell. Credit loss is measured as the difference between the present value of an impaired debt security’s cash flows and its amortized cost basis. Non-credit related write-downs to fair value must be recorded as decreases to accumulated other comprehensive income as long as the Company has no intent or requirement to sell an impaired security before a recovery of amortized cost basis.

Nature of Operations

Nature of Operations	9 Months Ended
	Mar. 31, 2020
Nature of Operations [Abstract]
Nature of Operations	(2) Nature of Operations Greene County Bancorp, Inc.’s primary business is the ownership and operation of its subsidiaries, The Bank of Greene County and Greene Risk Management, Inc. The Bank of Greene County has 16 full-service offices, an operations center and lending center located in its market area within the Hudson Valley and Capital District Regions of New York State. The Bank of Greene County is primarily engaged in the business of attracting deposits from the general public in The Bank of Greene County’s market area, and investing such deposits, together with other sources of funds, in loans and investment securities. Greene Risk Management, Inc. is a pooled captive insurance company, which provides additional insurance coverage for the Company and its subsidiaries related to the operations of the Company for which insurance may not be economically feasible. The Bank of Greene County also owns and operates two subsidiaries, Greene County Commercial Bank and Greene Property Holdings, Ltd. Greene County Commercial Bank’s primary business is to attract deposits from and provide banking services to local municipalities. Greene Property Holdings, Ltd. is a real estate investment trust, which holds mortgages and notes which were originated through and serviced by The Bank of Greene County.

Use of Estimates

Use of Estimates	9 Months Ended
	Mar. 31, 2020
Use of Estimates [Abstract]
Use of Estimates	(3) Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the assessment of other-than-temporary security impairment. While management uses available information to recognize losses on loans, future additions to the allowance for loan losses (the “Allowance”) may be necessary, based on changes in economic conditions, asset quality or other factors. In addition, various regulatory authorities, as an integral part of their examination process, periodically review the Allowance. Such authorities may require the Company to recognize additions to the Allowance based on their judgments of information available to them at the time of their examination. Greene County Bancorp, Inc. makes an assessment to determine whether there have been any events or economic circumstances to indicate that a security on which there is an unrealized loss is impaired on an other-than-temporary basis. The Company considers many factors including the severity and duration of the impairment; the intent and ability of the Company to hold the security for a period of time sufficient for a recovery in value; recent events specific to the issuer or industry; and for debt securities, intent to sell the security, whether it is more likely than not we will be required to sell the security before recovery, whether loss is expected, external credit ratings and recent downgrades. Securities on which there is an unrealized loss that is deemed to be other-than-temporary are written down to fair value through earnings.

Securities

Securities	9 Months Ended
	Mar. 31, 2020
Securities [Abstract]
Securities	(4) Securities Securities at March 31, 2020 consisted of the following: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities available-for-sale: U.S. government sponsored enterprises $ 2,506 $ 16 $ - $ 2,522 State and political subdivisions 167,823 257 65 168,015 Mortgage-backed securities-residential 9,814 313 - 10,127 Mortgage-backed securities-multi-family 23,293 706 1 23,998 Corporate debt securities 4,511 80 131 4,460 Total securities available-for-sale 207,947 1,372 197 209,122 Securities held-to-maturity: U.S. government sponsored enterprises 2,000 12 - 2,012 State and political subdivisions 191,244 8,445 274 199,415 Mortgage-backed securities-residential 41,525 897 - 42,422 Mortgage-backed securities-multi-family 140,738 7,640 8 148,370 Corporate debt securities 1,993 8 36 1,965 Other securities 5,032 40 - 5,072 Total securities held-to-maturity 382,532 17,042 318 399,256 Total securities $ 590,479 $ 18,414 $ 515 $ 608,378 Securities at June 30, 2019 consisted of the following: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities available-for-sale: U.S. government sponsored enterprises $ 5,522 $ 31 $ - $ 5,553 State and political subdivisions 95,782 788 - 96,570 Mortgage-backed securities-residential 2,634 31 20 2,645 Mortgage-backed securities-multi-family 16,151 259 - 16,410 Corporate debt securities 1,513 37 - 1,550 Total securities available-for-sale 121,602 1,146 20 122,728 Securities held-to-maturity: U.S. government sponsored enterprises 9,249 1 14 9,236 State and political subdivisions 152,358 6,212 23 158,547 Mortgage-backed securities-residential 4,570 97 - 4,667 Mortgage-backed securities-multi-family 134,970 3,122 17 138,075 Corporate debt securities 1,478 18 25 1,471 Other securities 1,583 34 - 1,617 Total securities held-to-maturity 304,208 9,484 79 313,613 Total securities $ 425,810 $ 10,630 $ 99 $ 436,341 Greene County Bancorp, Inc.’s current policies generally limit securities investments to U.S. Government and securities of government sponsored enterprises, federal funds sold, municipal bonds, corporate debt obligations and certain mutual funds. In addition, the Company’s policies permit investments in mortgage-backed securities, including securities issued and guaranteed by Fannie Mae, Freddie Mac, and GNMA, and collateralized mortgage obligations issued by these entities. At March 31, 2020, all mortgage-backed securities including collateralized mortgage obligations were securities of government sponsored enterprises, no private-label mortgage-backed securities or collateralized mortgage obligations were held in the securities portfolio. The Company’s investments in state and political subdivisions securities generally are municipal obligations that are general obligations supported by the general taxing authority of the issuer, and in some cases are insured. The obligations issued by school districts are supported by state aid. Primarily, these investments are issued by municipalities within New York State. The Company’s current securities investment strategy utilizes a risk management approach of diversified investing among three categories: short-, intermediate- and long-term. The emphasis of this approach is to increase overall investment securities yields while managing interest rate risk. The Company will only invest in high quality securities as determined by management’s analysis at the time of purchase. The Company generally does not engage in any derivative or hedging transactions, such as interest rate swaps or caps. The following table shows fair value and gross unrealized losses, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2020. Less Than 12 Months More Than 12 Months Total (In thousands, except number of securities) Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Securities available-for-sale: State and political subdivisions $ 23,401 $ 65 7 $ - $ - - $ 23,401 $ 65 7 Mortgage-backed securities-multi-family 1,232 1 2 - - - 1,232 1 2 Corporate debt securities 2,869 131 4 - - - 2,869 131 4 Total securities available-for-sale 27,502 197 13 - - - 27,502 197 13 Securities held-to-maturity: State and political subdivisions 26,827 269 113 1,201 5 15 28,028 274 128 Mortgage-backed securities-multi-family 4,512 8 4 - - - 4,512 8 4 Corporate debt securities 504 3 1 452 33 1 956 36 2 Total securities held-to-maturity 31,843 280 118 1,653 38 16 33,496 318 134 Total securities $ 59,345 $ 477 131 $ 1,653 $ 38 16 $ 60,998 $ 515 147 The following table shows fair value and gross unrealized losses, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2019. Less Than 12 Months More Than 12 Months Total (In thousands, except number of securities) Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Securities available-for-sale: Mortgage-backed securities-residential $ 856 $ 20 1 $ - $ - - $ 856 $ 20 1 Total securities available-for-sale 856 20 1 - - - 856 20 1 Securities held-to-maturity: U.S. government sponsored enterprises - - - 1,986 14 1 1,986 14 1 State and political subdivisions 3,541 17 22 2,111 6 13 5,652 23 35 Mortgage-backed securities-multi-family 1,250 6 1 3,799 11 3 5,049 17 4 Corporate debt securities - - - 452 25 1 452 25 1 Total securities held-to-maturity 4,791 23 23 8,348 56 18 13,139 79 41 Total securities $ 5,647 $ 43 24 $ 8,348 $ 56 18 $ 13,995 $ 99 42 When the fair value of a held-to-maturity or available-for-sale security is less than its amortized cost basis, an assessment is made as to whether other-than-temporary impairment (“OTTI”) is present. The Company considers numerous factors when determining whether a potential OTTI exists and the period over which the debt security is expected to recover. The principal factors considered are (1) the length of time and the extent to which the fair value has been less than the amortized cost basis, (2) the financial condition of the issuer (and guarantor, if any) and adverse conditions specifically related to the security, industry or geographic area, (3) failure of the issuer of the security to make scheduled interest or principal payments, (4) any changes to the rating of the security by a rating agency, and (5) the presence of credit enhancements, if any, including the guarantee of the federal government or any of its agencies. For debt securities, OTTI is considered to have occurred if (1) the Company intends to sell the security before recovery of its amortized cost basis, (2) it is more likely than not the Company will be required to sell the security before recovery of its amortized cost basis, or (3) if the present value of expected cash flows is not sufficient to recover the entire amortized cost basis. In determining the present value of expected cash flows, the Company discounts the expected cash flows at the effective interest rate implicit in the security at the date of acquisition. In estimating cash flows expected to be collected, the Company uses available information with respect to security prepayment speeds, default rates and severity. In determining whether OTTI has occurred for equity securities, the Company considers the applicable factors described above and the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. For debt securities, credit-related OTTI is recognized in earnings while noncredit-related OTTI on securities not expected to be sold is recognized in other comprehensive income/loss (“OCI”). Credit-related OTTI is measured as the difference between the present value of an impaired security’s expected cash flows and its amortized cost basis. Noncredit-related OTTI is measured as the difference between the fair value of the security and its amortized cost less any credit-related losses recognized. For securities classified as held-to-maturity, the amount of OTTI recognized in OCI is accreted to the credit-adjusted expected cash flow amounts of the securities over future periods. Management evaluated securities considering the factors as outlined above, and based on this evaluation the Company does not consider these investments to be other-than-temporarily impaired at March 31, 2020. Management believes that the reasons for the decline in fair value are due to interest rates, widening credit spreads and market illiquidity at the reporting date. There were no transfers of securities available-for-sale to held-to-maturity during the three and nine months ended March 31, 2020 or 2019. During the three and nine months ended March 31, 2020 and 2019, there were no sales of securities and no gains or losses were recognized. There was no other-than-temporary impairment loss recognized during the three and nine months ended March 31, 2020 and 2019. The estimated fair values of debt securities at March 31, 2020, by contractual maturity are shown below. Expected maturities may differ from contractual maturities, because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. (In thousands) Available-for-sale debt securities Amortized Cost Fair Value Within one year $ 169,715 $ 169,918 After one year through five years 1,581 1,629 After five years through ten years 1,544 1,562 After ten years 2,000 1,888 Total available-for-sale debt securities 174,840 174,997 Mortgage-backed securities 33,107 34,125 Total available-for-sale securities 207,947 209,122 Held-to-maturity debt securities Within one year 33,677 34,000 After one year through five years 92,123 94,198 After five years through ten years 51,143 53,945 After ten years 23,326 26,321 Total held-to-maturity debt securities 200,269 208,464 Mortgage-backed securities 182,263 190,792 Total held-to-maturity securities 382,532 399,256 Total debt securities $ 590,479 $ 608,378 At March 31, 2020 and June 30, 2019, respectively, debt securities with an aggregate fair value of $595.9 Federal Home Loan Bank Stock Federal law requires a member institution of the Federal Home Loan Bank (“FHLB”) system to hold stock of its district FHLB according to a predetermined formula. This stock is restricted in that it can only be sold to the FHLB or to another member institution, and all sales of FHLB stock must be at par. As a result of these restrictions, FHLB stock is carried at cost. FHLB stock is held as a long-term investment and its value is determined based on the ultimate recoverability of the par value. Impairment of this investment is evaluated quarterly and is a matter of judgment that reflects management’s view of the FHLB’s long-term performance, which includes factors such as the following: its operating performance; the severity and duration of declines in the fair value of its net assets related to its capital stock amount; its commitment to make payments required by law or regulation and the level of such payments in relation to its operating performance; the impact of legislative and regulatory changes on the FHLB, and accordingly, on the members of the FHLB; and its liquidity and funding position. After evaluating these considerations, Greene County Bancorp, Inc. concluded that the par value of its investment in FHLB stock will be recovered and, therefore, no other-than-temporary impairment charge was recorded during the three and nine months ended March 31, 2020 or 2019.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Mar. 31, 2020
Loans and Allowance for Loan Losses [Abstract]
Loans and Allowance for Loan Losses	(5) Loans and Allowance for Loan Losses Loan segments and classes at March 31, 2020 and June 30, 2019 are summarized as follows: (In thousands) March 31, 2020 June 30, 2019 Residential real estate: Residential real estate $ 277,891 $ 267,802 Residential construction and land 9,097 7,462 Multi-family 25,370 24,592 Commercial real estate: Commercial real estate 374,155 329,668 Commercial construction 70,348 36,361 Consumer loan: Home equity 22,179 23,185 Consumer installment 5,280 5,481 Commercial loans 113,641 103,554 Total gross loans 897,961 798,105 Allowance for loan losses (15,205 ) (13,200 ) Unearned origination fees and costs, net 979 833 Loans receivable, net $ 883,735 $ 785,738 Management closely monitors the quality of the loan portfolio and has established a loan review process designed to help grade the quality and profitability of the Company’s loan portfolio. The credit quality grade helps management make a consistent assessment of each loan relationship’s credit risk. Consistent with regulatory guidelines, The Bank of Greene County provides for the classification of loans considered being of lesser quality. Such ratings coincide with the “Substandard,” “Doubtful” and “Loss” classifications used by federal regulators in their examination of financial institutions. Generally, an asset is considered Substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. Substandard assets include those characterized by the distinct possibility that the insured financial institution will sustain some loss if the deficiencies are not corrected. Assets classified as Doubtful have all the weaknesses inherent in assets classified Substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. Assets classified as Loss are those considered uncollectible and of such little value that their continuance as assets without the establishment of a full loss reserve and/or charge-off is not warranted. Assets that do not currently expose the Company to sufficient risk to warrant classification in one of the aforementioned categories but otherwise possess weaknesses are designated “Special Mention.” Management also maintains a listing of loans designated “Watch.” These loans represent borrowers with declining earnings, strained cash flow, increasing leverage and/or weakening market fundamentals that indicate above average risk. When The Bank of Greene County classifies problem assets as either Substandard or Doubtful, it generally establishes a specific valuation allowance or “loss reserve” in an amount deemed prudent by management. General allowances represent loss allowances that have been established to recognize the inherent risk associated with lending activities, but which, unlike specific allowances, have not been allocated to particular loans. When The Bank of Greene County identifies problem loans as being impaired, it is required to evaluate whether the Bank will be able to collect all amounts due either through repayments or the liquidation of the underlying collateral. If it is determined that impairment exists, the Bank is required either to establish a specific allowance for losses equal to the amount of impairment of the assets, or to charge-off such amount. The Bank of Greene County’s determination as to the classification of its loans and the amount of its valuation allowance is subject to review by its regulatory agencies, which can order the establishment of additional general or specific loss allowances. The Bank of Greene County reviews its portfolio monthly to determine whether any assets require classification in accordance with applicable regulations. The Bank primarily has four segments within its loan portfolio that it considers when measuring credit quality: residential real estate loans, commercial real estate loans, consumer loans and commercial loans. The residential real estate portfolio consists of residential, construction, and multi-family loan classes. Commercial real estate loans consist of commercial real estate and commercial construction loan classes. Consumer loans consist of home equity loan and consumer installment loan classes. The inherent risk within the loan portfolio varies depending upon each of these loan types. The Bank of Greene County’s primary lending activity historically has been the origination of residential mortgage loans, including home equity loans, which are collateralized by residences. Generally, residential mortgage loans are made in amounts up to 89.9% of the appraised value of the property. However, The Bank of Greene County will originate residential mortgage loans with loan-to-value ratios of up to 95.0%, with private mortgage insurance. In the event of default by the borrower, The Bank of Greene County will acquire and liquidate the underlying collateral. By originating the loan at a loan-to-value ratio of 89.9% or less or obtaining private mortgage insurance, The Bank of Greene County limits its risk of loss in the event of default. However, the market values of the collateral may be adversely impacted by declines in the economy. Home equity loans may have an additional inherent risk if The Bank of Greene County does not hold the first mortgage. The Bank of Greene County may stand in a secondary position in the event of collateral liquidation resulting in a greater chance of insufficiency to meet all obligations. Construction lending generally involves a greater degree of risk than other residential mortgage lending. The repayment of the construction loan is, to a great degree, dependent upon the successful and timely completion of the construction of the subject property within specified cost limits. The Bank of Greene County completes inspections during the construction phase prior to any disbursements. The Bank of Greene County limits its risk during the construction as disbursements are not made until the required work for each advance has been completed. Construction delays may further impair the borrower’s ability to repay the loan. Loans collateralized by commercial real estate, and multi-family dwellings, such as apartment buildings generally are larger than residential loans and involve a greater degree of risk. Commercial real estate loans often involve large loan balances to single borrowers or groups of related borrowers. Payments on these loans depend to a large degree on the results of operations and management of the properties or underlying businesses, and may be affected to a greater extent by adverse conditions in the real estate market or the economy in general. Accordingly, the nature of commercial real estate loans makes them more difficult for management to monitor and evaluate. Consumer loans generally have shorter terms and higher interest rates than residential mortgage loans. In addition, consumer loans expand the products and services offered by The Bank of Greene County to better meet the financial services needs of its customers. Consumer loans generally involve greater credit risk than residential mortgage loans because of the difference in the nature of the underlying collateral. Repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance because of the greater likelihood of damage, loss or depreciation in the underlying collateral. The remaining deficiency often does not warrant further substantial collection efforts against the borrower beyond obtaining a deficiency judgment. In addition, consumer loan collections depend on the borrower’s personal financial stability. Furthermore, the application of various federal and state laws, including federal and state bankruptcy and insolvency laws, may limit the amount that can be recovered on such loans. Commercial lending generally involves greater risk than residential mortgage lending and involves risks that are different from those associated with residential and commercial real estate mortgage lending. Real estate lending is generally considered to be collateral-based, with loan amounts based on fixed loan-to-collateral values, and liquidation of the underlying real estate collateral is viewed as the primary source of repayment in the event of borrower default. Although commercial loans may be collateralized by equipment or other business assets, the liquidation of collateral in the event of a borrower default is often an insufficient source of repayment because equipment and other business assets may be obsolete or of limited use, among other things. Accordingly, the repayment of a commercial loan depends primarily on the creditworthiness of the borrower (and any guarantors), while liquidation of collateral is a secondary and often insufficient source of repayment. Over the past few years, The Bank of Greene County has shifted more focus on the origination of commercial loans including commercial real estate. The Bank of Greene County has also formed relationships with other community banks within our region to participate in larger commercial loan relationships. These types of loans are generally considered to be riskier due to the size and complexity of the loan relationship. By entering into a participation agreement with the other bank, The Bank of Greene County can obtain the loan relationship while limiting its exposure to credit loss. Management completes its due diligence in underwriting these loans and monitors the servicing of these loans. Loan balances by internal credit quality indicator at March 31, 2020 are shown below. ( In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 272,959 $ 1,122 $ 1,119 $ 2,691 $ 277,891 Residential construction and land 9,097 - - - 9,097 Multi-family 23,600 - 1,643 127 25,370 Commercial real estate 360,942 49 10,158 3,006 374,155 Commercial construction 65,286 - 4,960 102 70,348 Home equity 21,509 18 25 627 22,179 Consumer installment 5,233 47 - - 5,280 Commercial loans 110,787 172 2,377 305 113,641 Total gross loans $ 869,413 $ 1,408 $ 20,282 $ 6,858 $ 897,961 Loan balances by internal credit quality indicator at June 30, 2019 are shown below. (In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 264,138 $ 874 $ 86 $ 2,704 $ 267,802 Residential construction and land 7,462 - - - 7,462 Multi-family 22,544 137 1,835 76 24,592 Commercial real estate 318,703 616 7,435 2,914 329,668 Commercial construction 36,259 - - 102 36,361 Home equity 22,392 20 - 773 23,185 Consumer installment 5,461 14 - 6 5,481 Commercial loans 102,103 261 1,082 108 103,554 Total gross loans $ 779,062 $ 1,922 $ 10,438 $ 6,683 $ 798,105 The Company had no loans classified doubtful or loss at March 31, 2020 or June 30, 2019. During the nine months ended March 31, 2020 the Company downgraded a construction loan to special mention as a result of project cost overruns and several delinquent payments. Several other commercial real estate and commercial loan relationships have been downgraded to special mention during the nine months ended March 31, 2020 due to a deterioration in borrower cash flows. At March 31, 2020, these loans were all performing. Management continues to monitor this loan relationship closely. Nonaccrual Loans Management places loans on nonaccrual status once the loans have become 90 days or more delinquent. A nonaccrual loan is defined as a loan in which collectability is questionable and therefore interest on the loan will no longer be recognized on an accrual basis. A loan is not placed back on accrual status until the borrower has demonstrated the ability and willingness to make timely payments on the loan. A loan does not have to be 90 days delinquent in order to be classified as nonaccrual. Nonaccrual loans consisted primarily of loans secured by real estate at March 31, 2020 and June 30, 2019. Loans on nonaccrual status totaled $3.9 million at March 31, 2020 of which $1.3 million were in the process of foreclosure. At March 31, 2020, there were eight residential loans in the process of foreclosure totaling $1.0 million. Included in nonaccrual loans were $1.6 The following table sets forth information regarding delinquent and/or nonaccrual loans at March 31, 2020: (In thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due Current Total Loans Loans on Non-accrual Residential real estate $ 2,574 $ 867 $ 1,556 $ 4,997 $ 272,894 $ 277,891 $ 2,438 Residential construction and land - - - - 9,097 9,097 - Multi-family - 30 127 157 25,213 25,370 127 Commercial real estate 323 73 347 743 373,412 374,155 765 Commercial construction - - - - 70,348 70,348 - Home equity 124 18 128 270 21,909 22,179 305 Consumer installment 73 47 - 120 5,160 5,280 - Commercial loans 851 193 177 1,221 112,420 113,641 250 Total gross loans $ 3,945 $ 1,228 $ 2,335 $ 7,508 $ 890,453 $ 897,961 $ 3,885 The following table sets forth information regarding delinquent and/or nonaccrual loans at June 30, 2019: (In thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due Current Total Loans Loans on Non- accrual Residential real estate $ 2,144 $ 870 $ 1,385 $ 4,399 $ 263,403 $ 267,802 $ 2,474 Residential construction and land - - - - 7,462 7,462 - Multi-family 1 137 - 138 24,454 24,592 - Commercial real estate 280 1,108 102 1,490 328,178 329,668 598 Commercial construction - - - - 36,361 36,361 - Home equity 16 136 309 461 22,724 23,185 452 Consumer installment 32 14 6 52 5,429 5,481 6 Commercial loans 430 342 28 800 102,754 103,554 108 Total gross loans $ 2,903 $ 2,607 $ 1,830 $ 7,340 $ 790,765 $ 798,105 $ 3,638 The Bank of Greene County had no accruing loans delinquent more than 90 days at March 31, 2020 or June 30, 2019, respectively. The loans delinquent more than 90 days and accruing consist of loans that are well collateralized and the borrowers have demonstrated the ability and willingness to pay. The borrower has made arrangements with the Bank to bring the loan current within a specified time period and has made a series of payments as agreed. The table below details additional information related to nonaccrual loans for the three and nine months ended March 31: For the three months ended March 31, For the nine months ended March 31, (In thousands) 2020 2019 2020 2019 Interest income that would have been recorded if loans had been performing in accordance with original terms $ 64 $ 31 $ 218 $ 160 Interest income that was recorded on nonaccrual loans 51 26 143 81 Impaired Loan Analysis The Company identifies impaired loans and measures the impairment in accordance with FASB ASC subtopic “ Receivables – Loan Impairment.” The tables below detail additional information on impaired loans at the date or periods indicated: At March 31, 2020 For the three months ended March 31, 2020 For the nine months ended March 31, 2020 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 1,044 $ 1,044 $ - $ 702 $ 11 $ 645 $ 52 Multi-family 127 127 - 42 - 14 - Commercial real estate 351 351 - 362 1 549 13 Home equity 153 153 - 136 - 177 - Commercial loans 150 150 - 163 - 134 1 Impaired loans with no allowance 1,825 1,825 - 1,405 12 1,519 66 With an allowance recorded: Residential real estate 1,088 1,088 133 1,176 7 1,227 39 Multi-family - - - 85 - 72 1 Commercial real estate - - - - - 35 3 Commercial construction 102 102 13 102 - 102 - Home equity 432 432 73 449 7 414 21 Commercial loans 178 178 22 165 5 151 9 Impaired loans with allowance 1,800 1,800 241 1,977 19 2,001 73 Total impaired: Residential real estate 2,132 2,132 133 1,878 18 1,872 91 Multi-family 127 127 - 127 - 86 1 Commercial real estate 351 351 - 362 1 584 16 Commercial construction 102 102 13 102 - 102 - Home equity 585 585 73 585 7 591 21 Commercial loans 328 328 22 328 5 285 10 Total impaired loans $ 3,625 $ 3,625 $ 241 $ 3,382 $ 31 $ 3,520 $ 139 At June 30, 2019 For the three months ended March 31, 2019 For the nine months ended March 31, 2019 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 727 $ 727 $ - $ 151 $ 1 $ 105 $ 4 Commercial real estate 717 717 - 997 35 979 50 Commercial construction - - - 68 - 23 - Home equity 309 309 - 309 - 281 - Commercial loans 141 141 - 148 - 153 - Impaired loans with no allowance 1,894 1,894 - 1,673 36 1,541 54 With an allowance recorded: Residential real estate 1,420 1,420 188 1,965 15 1,826 51 Commercial real estate - - - - - 122 - Commercial construction 102 102 2 59 - 137 - Home equity 348 348 59 350 5 334 14 Commercial loans 130 130 13 131 1 58 1 Impaired loans with allowance 2,000 2,000 262 2,505 21 2,477 66 Total impaired: Residential real estate 2,147 2,147 188 2,116 16 1,931 55 Commercial real estate 717 717 - 997 35 1,101 50 Commercial construction 102 102 2 127 - 160 - Home equity 657 657 59 659 5 615 14 Commercial loans 271 271 13 279 1 211 1 Total impaired loans $ 3,894 $ 3,894 $ 262 $ 4,178 $ 57 $ 4,018 $ 120 The table below details loans that have been modified as a troubled debt restructuring during the nine months ended March 31, 2019. (D ollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Current Outstanding Recorded Investment March 31, 2019 Commercial loans 1 $ 127 $ 131 $ 131 There were no loans that have been modified as a troubled debt restructuring during the three and nine months ended March 31, 2020. There was one loan that had been modified as a troubled debt restructuring during the twelve months prior to June 30, 2019 which was charged off during the three and nine months ended March 31, 2020. There were no loans that had been modified during the twelve months prior to June 30, 2018 which have subsequently defaulted during the three and nine months ended March 31, 2019. During the three months ended March 31, 2020, the novel coronavirus (“COVID-19”) had spread world-wide and the Federal and state governments have been diligently working to contain its spread. The result of these containment strategies has had an enormous impact on the economy and will have a negative impact on borrowers’ ability to make timely loan payments as many businesses are forced to temporarily shut down. The Federal Reserve System along with the other various regulatory agencies have issued joint guidance to financial institutions who are working with borrowers affected by the coronavirus. The Bank of Greene County is working with borrowers, instituting a loan deferment program whereby short-term deferral of payments (3-6 months) will be provided. As of May 6, 2020, we had received requests to modify 688 loans aggregating $196.1 million, primarily consisting of the deferral of principal and/or interest payments. Based on guidance provided by bank regulators on March 22, 2020 regarding deferrals granted due to COVID-19, we will not report these loans as delinquent and will continue to recognize interest income during the deferral period. These loans will be closely monitored to determine collectability and accrual and delinquency status will be updated as deemed appropriate. Under Section 4013 of the CARES Act, loans less than 30 days past due as of December 31, 2019 will be considered current for COVID-19 modifications. A financial institution can then suspend the requirements under GAAP for loan modifications related to COVID-19 that would otherwise be categorized as a troubled debt restructuring (“TDR”), and suspend any determination of a loan modified as a result of COVID-19 as being a TDR, including the requirement to determine impairment for accounting purposes. Financial institutions wishing to utilize this authority must make a policy election, which applies to any COVID-19 modification made between March 1, 2020 and the earlier of either December 31, 2020 or the 60th day after the end of the COVID-19 national emergency. Similarly, the Financial Accounting Standards Board has confirmed that short-term modifications made on a good-faith basis in response to COVID-19 to loan customers who were current prior to any relief are not TDRs. Lastly, prior to the enactment of the CARES Act, the banking regulatory agencies provided guidance as to how certain short-term modifications would not be considered TDRs, and have subsequently confirmed that such guidance could be applicable for loans that do not qualify for favorable accounting treatment under Section 4013 of the CARES Act. Based on this guidance, the Company does not believe that TDRs will significantly change as a result of the modifications granted. Allowance for Loan Losses The allowance for loan losses is established through a provision for loan losses based on management’s evaluation of the risk inherent in the loan portfolio, the composition of the loan portfolio, specific impaired loans and current economic conditions. Such evaluation, which includes a review of certain identified loans on which full collectability may not be reasonably assured, considers among other matters, the estimated net realizable value or the fair value of the underlying collateral, economic conditions, payment status of the loan, historical loan loss experience and other factors that warrant recognition in providing for the loan loss allowance. In addition, various regulatory agencies, as an integral part of their examination process, periodically review The Bank of Greene County’s allowance for loan losses. Such agencies may require The Bank of Greene County to recognize additions to the allowance based on their judgment about information available to them at the time of their examination. The Bank of Greene County considers smaller balance residential mortgages, home equity loans, commercial loans and installment loans to customers as small, homogeneous loans, which are evaluated for impairment collectively based on historical loss experience. Larger balance residential, commercial mortgage and business loans are viewed individually and considered impaired if it is probable that The Bank of Greene County will not be able to collect scheduled payments of principal and interest when due, according to the contractual terms of the loan agreements. The measurement of impaired loans is generally based on the fair value of the underlying collateral. The Bank of Greene County charges loans off against the allowance for credit losses when it becomes evident that a loan cannot be collected within a reasonable amount of time or that it will cost the Bank more than it will receive, and all possible avenues of repayment have been analyzed, including the potential of future cash flow, the value of the underlying collateral, and strength of any guarantors or co-borrowers. Generally, consumer loans and smaller commercial loans (not secured by real estate) in excess of 90 days are charged-off against the allowance for loan losses, unless equitable arrangements are made. Included within consumer installment loan charge-offs and recoveries are deposit accounts that have been overdrawn in excess of 60 days. With continued growth in the number of deposit accounts, charge-off activity within this category has also grown, as can be seen from the tables below. For loans secured by real estate, a charge-off is recorded when it is determined that the collection of all or a portion of a loan may not be collected and the amount of that loss can be reasonably estimated. The allowance for loan losses is increased by a provision for loan losses (which results in a charge to expense) and recoveries of loans previously charged off and is reduced by charge-offs. The Bank of Greene County recognizes that strategies put in place to assist borrowers through the COVID-19 pandemic may not be sufficient to fully mitigate the impact to borrowers and that it is likely that a portion of the loan portfolio will default and result in losses to the Bank of Greene County. As a result, the Bank of Greene County has increased its provision for loan losses during the three months ended March 31, 2020 by $500,000 to reserve for these losses. Much uncertainty remains regarding the duration of the containment strategies and the overall impact to the economy and to local businesses. Management is closely monitoring the changes within its economic environment, stress testing the loan portfolio under various scenarios, and adjusting the allowance for loan loss as necessary to remain adequately reserved. The following tables set forth the activity and allocation of the allowance for loan losses by loan category during and at the periods indicated. The allowance is allocated to each loan category based on historical loss experience and economic conditions. Activity for the three months ended March 31, 2020 (In thousands) Balance at December 31, 2019 Charge-offs Recoveries Provision Balance at March 31, 2020 Residential real estate $ 1,470 $ - $ 3 $ 391 $ 1,864 Residential construction and land 93 - - 8 101 Multi-family 147 - - 6 153 Commercial real estate 7,510 - - 453 7,963 Commercial construction 1,467 - - 355 1,822 Home equity 270 - - 3 273 Consumer installment 366 111 33 12 300 Commercial loans 2,661 129 - 164 2,696 Unallocated - - - 33 33 Total $ 13,984 $ 240 $ 36 $ 1,425 $ 15,205 Activity for the nine months ended March 31, 2020 (In thousands) Balance at June 30, 2019 Charge-offs Recoveries Provision Balance at March 31, 2020 Residential real estate $ 2,026 $ 101 $ 13 $ (74 ) $ 1,864 Residential construction and land 87 - - 14 101 Multi-family 180 - - (27 ) 153 Commercial real estate 7,110 - - 853 7,963 Commercial construction 872 - - 950 1,822 Home equity 314 - - (41 ) 273 Consumer installment 250 359 83 326 300 Commercial loans 2,361 333 36 632 2,696 Unallocated - - - 33 33 Total $ 13,200 $ 793 $ 132 $ 2,666 $ 15,205 Allowance for Loan Losses Loans Receivable Ending Balance At March 31, 2020 Impairment Analysis Ending Balance At March 31, 2020 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 133 $ 1,731 $ 2,132 $ 275,759 Residential construction and land - 101 - 9,097 Multi-family - 153 127 25,243 Commercial real estate - 7,963 351 373,804 Commercial construction 13 1,809 102 70,246 Home equity 73 200 585 21,594 Consumer installment - 300 - 5,280 Commercial loans 22 2,674 328 113,313 Unallocated - 33 - - Total $ 241 $ 14,964 $ 3,625 $ 894,336 Activity for the three months ended March 31, 2019 (In thousands) Balance at December 31, 2018 Charge-offs Recoveries Provision Balance at March 31, 2019 Residential real estate $ 2,070 $ - $ - $ 14 $ 2,084 Residential construction and land 93 - - (13 ) 80 Multi-family 180 - - (12 ) 168 Commercial real estate 6,182 74 - 238 6,346 Commercial construction 876 - - 117 993 Home equity 322 - - (18 ) 304 Consumer installment 290 95 43 (28 ) 210 Commercial loans 2,381 51 - (49 ) 2,281 Unallocated 279 - - 101 380 Total $ 12,673 $ 220 $ 43 $ 350 $ 12,846 Activity for the nine months ended March 31, 2019 (In thousands) Balance at June 30, 2018 Charge-offs Recoveries Provision Balance at March 31, 2019 Residential real estate $ 2,116 $ 96 $ 13 $ 51 $ 2,084 Residential construction and land 114 - - (34 ) 80 Multi-family 162 - - 6 168 Commercial real estate 5,979 74 - 441 6,346 Commercial construction 950 - - 43 993 Home equity 317 - - (13 ) 304 Consumer installment 224 284 103 167 210 Commercial loans 2,128 51 153 51 2,281 Unallocated 34 - - 346 380 Total $ 12,024 $ 505 $ 269 $ 1,058 $ 12,846 Allowance for Loan Losses Loans Receivable Ending Balance June 30, 2019 Impairment Analysis Ending Balance June 30, 2019 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 188 $ 1,838 $ 2,147 $ 265,655 Residential construction and land - 87 - 7,462 Multi-family - 180 - 24,592 Commercial real estate - 7,110 717 328,951 Commercial construction 2 870 102 36,259 Home equity 59 255 657 22,528 Consumer installment - 250 - 5,481 Commercial loans 13 2,348 271 103,283 Unallocated - - - - Total $ 262 $ 12,938 $ 3,894 $ 794,211 Foreclosed real estate (FRE) FRE consists of properties acquired through mortgage loan foreclosure proceedings or in full or partial satisfaction of loans. The following table sets forth information regarding FRE at March 31, 2020 and June 30, 2019: (in thousands) March 31, 2020 June 30, 2019 Residential real estate $ - $ 53 Total foreclosed real estate $ - $ 53

Fair Value Measurements and Fai

Fair Value Measurements and Fair Value of Financial Instruments	9 Months Ended
	Mar. 31, 2020
Fair Value Measurements and Fair Value of Financial Instruments [Abstract]
Fair Value Measurements and Fair Value of Financial Instruments	(6) Fair Value Measurements and Fair Value of Financial Instruments Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sale transaction on the dates indicated. The estimated fair value amounts have been measured at March 31, 2020 and June 30, 2019 and have not been re-evaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period-end. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The FASB ASC Topic on “ Fair Value Measurement” Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity). An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. 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) March 31, 2020 (Level 1) (Level 2) (Level 3) Assets: U.S. Government sponsored enterprises $ 2,522 $ - $ 2,522 $ - State and political subdivisions 168,015 - 168,015 - Mortgage-backed securities-residential 10,127 - 10,127 - Mortgage-backed securities-multi-family 23,998 - 23,998 - Corporate debt securities 4,460 4,460 - - Securities available-for-sale 209,122 $ 4,460 $ 204,662 - Equity securities 238 238 - - Total securities measured at fair value $ 209,360 $ 4,698 $ 204,662 $ - Fair Value Measurements Using Quoted Prices In Active Markets For Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (In thousands) June 30, 2019 (Level 1) (Level 2) (Level 3) Assets: U.S. Government sponsored enterprises $ 5,553 $ - $ 5,553 $ - State and political subdivisions 96,570 - 96,570 - Mortgage-backed securities-residential 2,645 - 2,645 - Mortgage-backed securities-multi-family 16,410 - 16,410 - Corporate debt securities 1,550 1,550 - - Securities available-for-sale 122,728 1,550 121,178 - Equity securities 253 253 - - Total securities measured at fair value $ 122,981 $ 1,803 $ 121,178 $ - Certain investments that are actively traded and have quoted market prices have been classified as Level 1 valuations. Other available-for-sale investment securities have been valued by reference to prices for similar securities or through model-based techniques in which all significant inputs are observable and, therefore, such valuations have been classified as Level 2. In addition to disclosures of the fair value of assets on a recurring basis, FASB ASC Topic on “ Fair Value Measurement” Receivables –Loan Impairment” Fair values for foreclosed real estate are initially recorded based on market value evaluations by third parties, less costs to sell (“initial cost basis”). Any write-downs required when the related loan receivable is exchanged for the underlying real estate collateral at the time of transfer to foreclosed real estate are charged to the allowance for loan losses. Values are derived from appraisals, similar to impaired loans, of underlying collateral or discounted cash flow analysis. Subsequent to foreclosure, valuations are updated periodically and assets are marked to current fair value, not to exceed the initial cost basis. In the determination of fair value subsequent to foreclosure, management also considers other factors or recent developments, such as, changes in absorption rates and market conditions from the time of valuation and anticipated sales values considering management’s plans for disposition. Either change could result in adjustment to lower the property value estimates indicated in the appraisals. These measurements are classified as Level 3 within the fair value hierarchy. Fair Value Measurements Using (In thousands) Recorded Investment Related Allowance Fair Value (Level 1) (Level 2) (Level 3) March 31, 2020 Impaired loans $ 1,952 $ 241 $ 1,711 $ - $ - $ 1,711 June 30, 2019 Impaired loans $ 2,335 $ 262 $ 2,073 $ - $ - $ 2,073 Foreclosed real estate 53 - 53 - - 53 The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Level 3 inputs were utilized to determine fair value: (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average March 31, 2020 Impaired Loans $ 1,193 Appraisal of collateral (1) Appraisal adjustments (2) 8.57%-33.73 % 28.00 % Liquidation expenses (3) 3.98%-7.03 % 4.85 % 518 Discounted cash flow Discount rate 4.19%-6.75 % 5.52 % June 30, 2019 Impaired loans $ 1,403 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-33.73 % 24.48 % Liquidation expenses (3) 3.98%-6.00 % 4.53 % 670 Discounted cash flow Discount rate 4.19%-8.66 % 6.07 % Foreclosed real estate 53 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-0.00 % 0.00 % Liquidation expenses (3) 10.41 % 10.41 % (1) Fair value is generally determined through independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable. (2) Appraisals may be adjusted downwards by management for qualitative factors such as economic conditions. Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received or age of the appraisal. (3) Appraisals are adjusted downwards by management for qualitative factors such as the estimated costs to liquidate the collateral. The carrying amounts reported in the statements of financial condition for cash and cash equivalents, accrued interest receivable and accrued interest payable approximate their fair values. Fair values of securities are based on quoted market prices (Level 1), where available, or matrix pricing (Level 2), which is a mathematical technique, used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. The carrying amount of Federal Home Loan Bank stock approximates fair value due to its restricted nature. The fair values for loans are measured using the “exit price” notion which is a reasonable estimate of what another party might pay in an orderly transaction. Fair values for variable rate loans that reprice frequently, with no significant credit risk, are based on carrying value. Fair value for fixed rate loans are estimated using discounted cash flows and interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. Fair values disclosed for demand and savings deposits are equal to carrying amounts at the reporting date. The carrying amounts for variable rate money market deposits approximate fair values at the reporting date. Fair values for fixed rate certificates of deposit are estimated using discounted cash flows and interest rates currently being offered in the market on similar certificates. Fair value for Federal Home Loan Bank long term borrowings and borrowings from other banks are estimated using discounted cash flows and interest rates currently being offered on similar borrowings. The carrying value of short-term Federal Home Loan Bank borrowings approximates its fair value. The fair value of commitments to extend credit is estimated based on an analysis of the interest rates and fees currently charged to enter into similar transactions, considering the remaining terms of the commitments and the credit-worthiness of the potential borrowers. At March 31, 2020 and June 30, 2019, the estimated fair values of these off-balance sheet financial instruments were immaterial, and are therefore excluded from the table below. The carrying amounts and estimated fair value of financial instruments are as follows: (In thousands) March 31, 2020 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 77,814 $ 77,814 $ 77,814 $ - $ - Long term certificate of deposit 4,071 4,071 4,071 - - Securities available-for-sale 209,122 209,122 4,460 204,662 - Securities held-to-maturity 382,532 399,256 - 399,256 - Equity securities 238 238 238 - - Federal Home Loan Bank stock 1,196 1,196 - 1,196 - Net loans receivable 883,735 889,183 - - 889,183 Accrued interest receivable 7,506 7,506 - 7,506 - Deposits 1,429,532 1,430,067 - 1,430,067 - Borrowings 13,100 13,222 - 13,222 - Accrued interest payable 125 125 - 125 - (In thousands) June 30, 2019 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 29,538 $ 29,538 $ 29,538 $ - $ - Long term certificate of deposit 2,875 2,875 2,875 - - Securities available-for-sale 122,728 122,728 1,550 121,178 - Securities held-to-maturity 304,208 313,613 - 313,613 - Equity Securities 253 253 253 - - Federal Home Loan Bank stock 1,759 1,759 - 1,759 - Net loans receivable 785,738 781,614 - - 781,614 Accrued interest receivable 5,853 5,853 - 5,853 - Deposits 1,120,569 1,120,632 - 1,120,632 - Borrowings 21,600 21,534 - 21,534 - Accrued interest payable 110 110 - 110 -

Earnings Per Share

Earnings Per Share	9 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	(7) Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed in a manner similar to that of basic earnings per share except that the weighted-average number of common shares outstanding is increased to include the number of incremental common shares that would have been outstanding under the treasury stock method if all potentially dilutive common shares (such as stock options) issued became vested during the period. There were no dilutive or anti-dilutive securities or contracts outstanding during the three and nine months ended March 31, 2020 and 2019. For the three months Ended March 31, For the nine months Ended March 31, 2020 2019 2020 2019 Net Income $ 4,051,000 $ 4,356,000 $ 14,027,000 $ 13,320,000 Weighted Average Shares – Basic 8,531,304 8,537,814 8,535,391 8,537,814 Weighted Average Shares - Dilute 8,531,304 8,537,814 8,535,391 8,537,814 Earnings per share - Basic $ 0.47 $ 0.51 $ 1.64 $ 1.56 Earnings per share - Diluted $ 0.47 $ 0.51 $ 1.64 $ 1.56

Dividends

Dividends	9 Months Ended
	Mar. 31, 2020
Dividends [Abstract]
Dividends	(8) Dividends On January 21, 2020, Greene County Bancorp, Inc. announced that its Board of Directors had approved a quarterly cash dividend of $0.11 per share on the Company’s common stock. The dividend reflects an annual cash dividend rate of $0.44 per share, which was the same rate as the dividend declared during the previous quarter. The dividend was payable to stockholders of record as of February 14, 2020, and was paid on February 28, 2020. The MHC intends to waive its receipt of this dividend.

Impact of Recent Accounting Pro

Impact of Recent Accounting Pronouncements	9 Months Ended
	Mar. 31, 2020
Impact of Recent Accounting Pronouncements [Abstract]
Impact of Recent Accounting Pronouncements	(9) Impact of Recent Accounting Pronouncements Accounting Pronouncements Recently Adopted The following accounting standards have been adopted in the first quarter ended September 30, 2019: On July 1, 2019, the Company adopted ASU 2016-02 Leases and all subsequent amendments (collectively, “ASU 2016-02”). The objective of this ASU is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements to meet that objective. The main difference between previous GAAP and this ASU is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. Under this new guidance, a lessee should recognize in the statement of financial position a liability to make lease payments and a right-of-use (“ROU”) asset representing its right to use the underlying asset for the lease term. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed from previous GAAP. ASU 2016-02 required a modified retrospective transition approach, applying the new standard to all leases existing at the date of initial application. The Company elected to use the effective date, July 1, 2019, as our date of initial application. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before July 1, 2019. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed us to carry forward the historical lease classification. Under ASU 2016-02, leases are classified as finance or operating, with the classification affecting the pattern and classification of expense recognition in the income statement. The Company’s leases, consisting of property leases for certain of our bank branches, are classified as operating leases. Operating lease ROU assets and liabilities were recognized in the amount of $1.7 million at commencement date, with no adjustment to retained earnings, based on the present value of lease payments over the lease term. As these leases do not provide an implicit rate, we use our incremental borrowing rate from the Federal Home Loan Bank of New York in determining the present value of lease payments. Our lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Leases with an initial term of 12 months or less are not recorded on the balance sheet. Lease expense for lease payments is recognized on a straight-line basis over the lease term. See Note 14 – Operating Leases, for details of the impact of implementing ASU 2016-02 on the consolidated statements of income or the consolidated statements of cash flows. On July 1, 2019, the Company adopted ASU 2017-08, “Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20) related to premium amortization on purchased callable debt securities. This Update shortens the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption was permitted, including adoption in an interim period. If an entity early adopted the amendments in an interim period, any adjustments were reflected as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments in this Update on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The adoption of this guidance did not have a material impact on our consolidated results of operations or financial position. Accounting Pronouncements to be adopted in future periods In June 2016, the FASB issued an Update (ASU 2016-13) to its guidance on “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. ASU 2016-13 requires credit losses on most financial assets measured at amortized cost and certain other instruments to be measured using an expected credit loss model (referred to as the current expected credit loss (CECL) model). Under this model, entities will estimate credit losses over the entire contractual term of the instrument (considering estimated prepayments, but not expected extensions or modifications unless reasonable expectation of a troubled debt restructuring exists) from the date of initial recognition of that instrument. The ASU also replaces the current accounting model for purchased credit impaired loans and debt securities. The allowance for credit losses for purchased financial assets with a more-than insignificant amount of credit deterioration since origination (“PCD assets”), should be determined in a similar manner to other financial assets measured on an amortized cost basis. However, upon initial recognition, the allowance for credit losses is added to the purchase price (“gross up approach”) to determine the initial amortized cost basis. The subsequent accounting for PCD financial assets is the same expected loss model described above. Further, the ASU made certain targeted amendments to the existing impairment model for available-for-sale (AFS) debt securities. For an AFS debt security for which there is neither the intent nor a more-likely-than-not requirement to sell, an entity will record credit losses as an allowance rather than a write-down of the amortized cost basis. An entity will apply the amendments in this Update through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (that is, a modified-retrospective approach). In November 2018, the FASB issued ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, which aligns the implementation date for nonpublic entities’ annual financial statements with the implementation date for their interim financial statements and clarifies the scope of the guidance in the amendments in ASU 2016-13. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. ASU 2019-04 clarifies or addresses stakeholders’ specific issues about certain aspects of the amendments in Update 2016-13 related to measuring the allowance for loan losses under the new guidance. The effective dates and transition requirements for the amendments related to this Update are the same as the effective dates and transition requirements in Update 2016-13. In November 2019, the FASB issued ASU 2019-11 Codification Improvements to Topic 326 Financial Instruments Credit Losses provides additional clarification to specific issues about certain aspects of the amendments in Update 2016-13 related to measuring the allowance for loan losses under the new guidance. The Company is currently evaluating the potential impact on our consolidated results of operations or financial position. The initial adjustment will not be reported in earnings and therefore will not have any material impact on our consolidated results of operations, but it is expected that it will have an impact on our consolidated financial position at the date of adoption of this Update. At this time, we have not calculated the estimated impact that this Update will have on our Allowance for Loan Losses, however, we anticipate it will have a significant impact on the methodology process we utilize to calculate the allowance. A vendor has been selected and alternative methodologies are currently being considered. Data requirements and integrity are being reviewed and enhancements incorporated into standard processes. For public business entities that are U.S. Securities and Exchange Commission (SEC) filers, excluding small reporting companies such as the Company, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In November 2019, FASB issued ASU 2019-10, Financial Instruments – Credit Losses which amends the implementation effective date for small reporting companies, such as the Company, and non-public business entities, for fiscal years beginning after December 15, 2022. All entities may adopt the amendments in this Update earlier as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is in the early stages of evaluation and implementation of the guidance. In August 2018, the FASB issued an Update (ASU 2018-13) to its guidance on “Fair Value Measurement (Topic 820)”. This update modifies the disclosure requirements on fair value measurements. The following disclosure requirements were removed from Topic 820: (1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; (2) the policy for timing of transfers between levels; (3) the valuation processes for Level 3 fair value measurements; and (4) for nonpublic entities, the changes in unrealized gains and losses for the period included in earnings for recurring Level 3 fair value measurements held at the end of the reporting period. The following disclosure requirements were modified in Topic 820: (1) in lieu of a rollforward for Level 3 fair value measurements, a nonpublic entity is required to disclose transfers into and out of Level 3 of the fair value hierarchy and purchases and issues of Level 3 assets and liabilities; (2) for investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly; and (3) the amendments clarify that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. The following disclosure requirements were added to Topic 820; however, the disclosures are not required for non-public entities: (1) the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period; and (2) the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. In addition, the amendments eliminate at a minimum from the phrase “an entity shall disclose at a minimum” to promote the appropriate exercise of discretion by entities when considering fair value measurement disclosures and to clarify that materiality is an appropriate consideration of entities and their auditors when evaluating disclosure requirements. The amendments in ASU No. 2018-13 are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU No. 2018-13 and delay adoption of the additional disclosures until their effective date. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In August 2018, the FASB has issued an Update (ASU No. 2018-14), “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans”, that applies to all employers that sponsor defined benefit pension or other postretirement plans. The amendments modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The following disclosure requirements were removed from Subtopic 715-20: (1) the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year; (2) the amount and timing of plan assets expected to be returned to the employer; (3) the disclosures related to the June 2001 amendments to the Japanese Welfare Pension Insurance Law; related party disclosures about the amount of future annual benefits covered by insurance and annuity contracts and significant transactions between the employer or related parties and the plan; (4) for nonpublic entities, the reconciliation of the opening balances to the closing balances of plan assets measured on a recurring basis in Level 3 of the fair value hierarchy. However, nonpublic entities will be required to disclose separately the amounts of transfers into and out of Level 3 of the fair value hierarchy and purchases of Level 3 plan assets; and (5) for public entities, the effects of a one-percentage-point change in assumed health care cost trend rates on the (a) aggregate of the service and interest cost components of net periodic benefit costs and (b) benefit obligation for postretirement health care benefits. The following disclosure requirements were added to Subtopic 715-20: (1) the weighted-average interest crediting rates for cash balance plans and other plans with promised interest crediting rates; and (2) an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. The amendments also clarify the disclosure requirements in paragraph 715-20-50-3, which state that the following information for defined benefit pension plans should be disclosed: (1) the projected benefit obligation (PBO) and fair value of plan assets for plans with PBOs in excess of plan assets; and (2) the accumulated benefit obligation (ABO) and fair value of plan assets for plans with ABOs in excess of plan assets. ASU No. 2018-14 is effective for fiscal years ending after December 15, 2020, for public business entities and for fiscal years ending after December 15, 2021, for all other entities. Early adoption is permitted for all entities. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In April 2019, the FASB issued an Update (ASU 2019-04), Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. The amendments to Topic 326 and other topics in this Update include items related to the amendments in Update 2016-13 discussed at the June 2018 and November 2018 Credit Losses TRG meetings. The amendments clarify or address stakeholders’ specific issues about certain aspects of the amendments in Update 2016-13 on a number of different topics, including the following: Accrued Interest, Transfers between Classifications or Categories for Loans and Debt Securities, Recoveries, Consideration of Prepayments in Determining the Effective Interest Rate, Consideration of Estimated Costs to Sell When Foreclosure Is Probable, Vintage Disclosures— Line-of-Credit Arrangements Converted to Term Loans, and Contractual Extensions and Renewals. The ASU also covered a number of issues that related to hedge accounting including: Partial-Term Fair Value Hedges of Interest Rate Risk, Amortization of Fair Value Hedge Basis Adjustments, Disclosure of Fair Value Hedge Basis Adjustments, Consideration of the Hedged Contractually Specified Interest Rate under the Hypothetical Derivative Method, Scoping for Not-for-Profit Entities, Hedge Accounting Provisions Applicable to Certain Private Companies and Not-for-Profit Entities, Application of a First-Payments-Received Cash Flow Hedging Technique to Overall Cash Flows on a Group of Variable Interest Payments, and Transition Guidance For Codification Improvements specific to ASU 2016-01. The following topics were covered within ASU 2019-04: Scope Clarifications, Held-to-Maturity Debt Securities Fair Value Disclosures, Applicability of Topic 820 to the Measurement Alternative, and Remeasurement of Equity Securities at Historical Exchange Rates. ASU 2019-04 has various implementation dates dependent on a number of factors as it pertains to the above items. The Company is in the early stages of evaluation of the guidance. In March 2020, the FASB issued an Update (ASU 2020-04), Reference Rate Reform (Topic 848). The amendments in this Update provide optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this Update apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. The following optional expedients for applying the requirements of certain Topics or Industry Subtopics in the Codification are permitted for contracts that are modified because of reference rate reform and that meet certain scope guidance: (1) Modifications of contracts within the scope of Topics 310, Receivables, and 470, Debt, should be accounted for by prospectively adjusting the effective interest rate. (2) Modifications of contracts within the scope of Topics 840, Leases, and 842, Leases, should be accounted for as a continuation of the existing contracts with no reassessments of the lease classification and the discount rate (for example, the incremental borrowing rate) or remeasurements of lease payments that otherwise would be required under those Topics for modifications not accounted for as separate contracts. (3) Modifications of contracts do not require an entity to reassess its original conclusion about whether that contract contains an embedded derivative that is clearly and closely related to the economic characteristics and risks of the host contract under Subtopic 815-15, Derivatives and Hedging— Embedded Derivatives. The amendments in this Update are effective for all entities as of March 12, 2020 through December 31, 2022. An entity may elect to apply the amendments for contract modifications by Topic or Industry Subtopic as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively from a date within an interim period that includes or is subsequent to March 12, 2020, up to the date that the financial statements are available to be issued. Once elected for a Topic or an Industry Subtopic, the amendments in this Update must be applied prospectively for all eligible contract modifications for that Topic or Industry Subtopic. An entity may elect to apply the amendments in this Update to eligible hedging relationships existing as of the beginning of the interim period that includes March 12, 2020 and to new eligible hedging relationships entered into after the beginning of the interim period that includes March 12, 2020. The Company is in the early stages of evaluation of the guidance.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Mar. 31, 2020
Employee Benefit Plans [Abstract]
Employee Benefit Plans	(10) Employee Benefit Plans Defined Benefit Plan The components of net periodic pension cost related to the defined benefit pension plan for the three and nine months ended March 31, 2020 and 2019 were as follows: Three months ended March 31, Nine months ended March 31, (In thousands) 2020 2019 2020 2019 Interest cost $ 49 $ 54 $ 147 $ 162 Expected return on plan assets (63 ) (59 ) (189 ) (177 ) Amortization of net loss 40 35 120 105 Net periodic pension cost $ 26 $ 30 $ 78 $ 90 The Company does not anticipate that it will make any additional contributions to the defined benefit pension plan during fiscal 2020. SERP The Board of Directors of The Bank of Greene County adopted The Bank of Greene County Supplemental Executive Retirement Plan (the “SERP Plan”), effective as of July 1, 2010. The SERP Plan benefits certain key senior executives of the Bank who have been selected by the Board to participate. The SERP Plan is intended to provide a benefit from the Bank upon retirement, death or disability or voluntary or involuntary termination of service (other than “for cause”). The SERP Plan is more fully described in Note 10 of the consolidated financial statements as included in the Form 10-K and notes thereto for the year ended June 30, 2019. The net periodic pension costs related to the SERP Plan for the three and nine months ended March 31, 2020 were $219,000 and $638,000. The net periodic pension costs related to the SERP Plan for the three and nine months ended March 31, 2019 were $165,000 and $487,000, respectively, consisting primarily of service costs and interest costs. The total liability for the SERP Plan was $6.0

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Mar. 31, 2020
Stock-Based Compensation [Abstract]
Stock-Based Compensation	(11) Stock-Based Compensation Phantom Stock Option Plan and Long-term Incentive Plan The Greene County Bancorp, Inc. 2011 Phantom Stock Option and Long-term Incentive Plan (the “Plan”) was adopted effective July 1, 2011, to promote the long-term financial success of the Company and its subsidiaries by providing a means to attract, retain and reward individuals who contribute to such success and to further align their interests with those of the Company’s shareholders. The Plan is intended to provide benefits to employees and directors of the Company or any subsidiary as designated by the Compensation Committee of the Board of Directors of the Company (“Committee”). A phantom stock option represents the right to receive a cash payment on the date the award vests. The Plan is more fully described in Note 11 of the consolidated financial statements and notes thereto for the year ended June 30, 2019. A summary of the Company’s phantom stock option activity and related information for the Plan for the three and nine months ended March 31, 2020 and 2019 is as follows: Three months ended March 31, Nine months ended March 31, 2020 2019 2020 2019 Number of options outstanding, beginning of period 1,765,100 1,742,100 1,711,600 1,634,160 Options Granted - - 614,700 592,700 Options Forfeited - - (7,000 ) - Options Paid in Cash - (18,000 ) (554,200 ) (502,760 ) Number of options outstanding, end of period 1,765,100 1,724,100 1,765,100 1,724,100 Three months ended March 31, Nine months ended March 31, (In thousands) 2020 2019 2020 2019 Cash paid out on options vested $ - $ 41 $ 2,516 $ 1,745 Compensation costs recognized 875 810 2,270 2,021 The total liability for the Plan was $3.9 million and $4.1 million at March 31, 2020 and June 30, 2019, respectively, and is included in accrued expenses and other liabilities.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Mar. 31, 2020
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	(12) Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss for the three and nine months ended March 31, 2020 and 2019 are presented in the following table: Activity for the three months ended March 31, 2020 and 2019 ( In thousands Unrealized gain (losses) on securities available- for-sale Pension benefits Total Balance at December 31, 2018 $ 113 $ (1,633 ) $ (1,520 ) Other comprehensive income before reclassification 181 - 181 Other comprehensive income for the three months ended March 31, 2019 181 - 181 Balance at March 31, 2019 $ 294 $ (1,633 ) $ (1,339 ) Balance at December 31, 2019 $ 447 $ (1,838 ) $ (1,391 ) Other comprehensive income before reclassification 421 - 421 Other comprehensive income for the three months ended March 31, 2020 421 - 421 Balance at March 31, 2020 $ 868 $ (1,838 ) $ (970 ) Activity for the nine months ended March 31, 2020 and 2019 ( In thousands Unrealized gain (losses) on securities available- for-sale Pension benefits Total Balance at June 30, 2018 $ 10 $ (1,633 ) $ (1,623 ) Other comprehensive income before reclassification 398 - 398 Other comprehensive income for the nine months ended March 31, 2019 398 - 398 Reclassification for change in accounting (1) (114 ) - (114 ) Balance at March 31, 2019 $ 294 $ (1,633 ) $ (1,339 ) Balance at June 30, 2019 $ 832 $ (1,838 ) $ (1,006 ) Other comprehensive income before reclassification 36 - 36 Other comprehensive income for the nine months ended March 31, 2020 36 - 36 Balance at March 31, 2020 $ 868 $ (1,838 ) $ (970 ) (1) Adoption of ASU 2016-01 – cumulative effect of change in measurement of equity securities.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Mar. 31, 2020
Revenue from Contracts with Customers [Abstract]
Revenue from Contracts with Customers	(13) Revenue from Contracts with Customers The majority of the Company’s revenue-generating transactions are not subject to ASC Topic 606, including revenue generated from financial instruments, such as loans and investment securities which are presented in our consolidated income statements as components of net interest income. All of the Company’s revenue from contracts with customers in the scope of ASC 606 is recognized within non-interest income, with the exception of net gains and losses from sales of foreclosed real estate, which is recognized within non-interest expense. The following table presents revenues subject to ASC 606 for the three and nine months ended March 31, 2020 and 2019, respectively. For the three months ended For the nine months ended (In thousands) 2020 2019 2020 2019 Service charges on deposit accounts Insufficient funds fees $ 928 $ 855 $ 2,950 $ 2,782 Deposit related fees 40 39 120 117 ATM/point of sale fees 66 66 200 204 Total service charges 1,034 960 3,270 3,103 Interchange fee income Debit card interchange fees 698 604 2,196 1,929 E-commerce fee income E-commerce fees 24 31 90 102 Investment services income Investment services 120 145 433 396 Sales of assets Net gain (loss) on sale of foreclosed real estate (57 ) (25 ) 19 (34 ) Service Charges on Deposit Accounts Debit Card Interchange Fee Income E-commerce income Investment Services Income Net Gains/Losses on Sales of Foreclosed Real Estate

Operating leases

Operating leases	9 Months Ended
	Mar. 31, 2020
Operating leases [Abstract]
Operating leases	(14) Operating leases The Company leases certain branch properties under long-term, operating lease agreements. The Company’s operating lease agreements contain lease components, which are generally accounted for separately. The Company’s lease agreements do not contain any residual value guarantees. The following includes quantitative data related to the Company’s operating leases as of March 31, 2020: (In thousands, except weighted-average information). Operating Lease Amounts March 31, 2020 Right-of-use assets $ 1,638 Lease liabilities $ 1,647 Other Information: Operating outgoing cash flows from operating leases $ 226 Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,840 Weighted-average remaining lease term (Years) 7.43 Weighted-average discount rate 2.52 % Three months ended March 31, 2020 Nine months ended March 31, 2020 (In thousands) Lease Costs Operating lease cost $ 63 $ 205 Variable lease cost $ 10 $ 30 The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding common area maintenance charges and real estate taxes, as of March 31, 2020: (in thousands) Within the twelve months ended March 2021 $ 282 2022 272 2023 217 2024 212 2025 217 Thereafter 613 Total undiscounted cash flow 1,813 Less net present value adjustment (166 ) Lease Liability $ 1,647 Right-of-use assets are included in prepaid expenses and other assets, and lease liabilities are included in accrued expenses and other liabilities within the Company’s statement of condition. The Company entered into a new lease commitment for a new branch location on Wolf Road, in Colonie, NY during the three and nine months ended March 31, 2020. This lease had not yet commenced at March 31, 2020.

Subsequent events

Subsequent events	9 Months Ended
	Mar. 31, 2020
Subsequent events [Abstract]
Subsequent events	(15) Subsequent events On April 21, 2020, the Board of Directors declared a cash dividend for the quarter ended March 31, 2020 of $0.11 per share on Greene County Bancorp, Inc.’s common stock. The dividend reflects an annual cash dividend rate of $0.44 per share, which was the same rate as the dividend declared during the previous quarter. The dividend will be payable to stockholders of record as of May 15, 2020, and will be paid on May 29, 2020. The MHC intends to waive its receipt of this dividend.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Mar. 31, 2020
Basis of Presentation [Abstract]
Basis of Presentation	Within the accompanying unaudited consolidated statement of financial condition, and related notes to the consolidated financial statements, June 30, 2019 data was derived from the audited consolidated financial statements of Greene County Bancorp, Inc. (the “Company”) and its wholly owned subsidiaries, The Bank of Greene County (the “Bank”) and Greene Risk Management, Inc., and the Bank’s wholly owned subsidiaries, Greene County Commercial Bank and Greene Property Holdings, Ltd. The consolidated financial statements at and for the three and nine months ended March 31, 2020 and 2019 are unaudited. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. To the extent that information and notes required by GAAP for complete financial statements are contained in or are consistent with the audited financial statements incorporated by reference to Greene County Bancorp, Inc.’s Annual Report on Form 10-K for the year ended June 30, 2019, such information and notes have not been duplicated herein. In the opinion of management, all adjustments (consisting of only normal recurring items) necessary for a fair presentation of the financial position and results of operations and cash flows at and for the periods presented have been included. The Company had no reclassifications from amounts in the prior year’s consolidated financial statements to conform to the current year’s presentation. All material inter-company accounts and transactions have been eliminated in the consolidation. The results of operations and other data for the three and nine months ended March 31, 2020 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2020. These consolidated financial statements consider events that occurred through the date the consolidated financial statements were issued. CRITICAL ACCOUNTING POLICIES Greene County Bancorp, Inc.’s critical accounting policies relate to the allowance for loan losses and the evaluation of securities for other-than-temporary impairment. The allowance for loan losses is based on management’s estimation of an amount that is intended to absorb losses in the existing portfolio. The allowance for loan losses is established through a provision for loan losses based on management’s evaluation of the risk inherent in the loan portfolio, the composition of the portfolio, specific impaired loans and current economic conditions. Such evaluation, which includes a review of all loans for which full collectability may not be reasonably assured, considers among other matters, the estimated net realizable value or the fair value of the underlying collateral, economic conditions, historical loan loss experience, management’s estimate of probable credit losses and other factors that warrant recognition in providing for the allowance of loan losses. However, this evaluation involves a high degree of complexity and requires management to make subjective judgments that often require assumptions or estimates about highly uncertain matters. This critical accounting policy and its application are periodically reviewed with the Audit Committee and the Board of Directors. There have been no significant changes in the application of this critical accounting policy during the three and nine months ended March 31, 2020. Securities are evaluated for other-than-temporary impairment by performing periodic reviews of individual securities in the investment portfolio. Greene County Bancorp, Inc. makes an assessment to determine whether there have been any events or economic circumstances to indicate that a security, on which there is an unrealized loss, is impaired on an other-than-temporary basis. The Company considers many factors, including the severity and duration of the impairment; the intent and ability of the Company to hold the equity security for a period of time sufficient for a recovery in value; recent events specific to the issuer or industry; and for debt securities, the intent to sell the security, the likelihood to be required to sell the security before it recovers the entire amortized cost, external credit ratings and recent downgrades. The Company is required to record other-than-temporary impairment charges through earnings, if it has the intent to sell, or will more likely than not be required to sell an impaired debt security before a recovery of its amortized cost basis. In addition, the Company is required to record other-than-temporary impairment charges through earnings for the amount of credit losses, regardless of the intent or requirement to sell. Credit loss is measured as the difference between the present value of an impaired debt security’s cash flows and its amortized cost basis. Non-credit related write-downs to fair value must be recorded as decreases to accumulated other comprehensive income as long as the Company has no intent or requirement to sell an impaired security before a recovery of amortized cost basis.

Use of Estimates (Policies)

Use of Estimates (Policies)	9 Months Ended
	Mar. 31, 2020
Use of Estimates [Abstract]
Use of Estimates	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the assessment of other-than-temporary security impairment. While management uses available information to recognize losses on loans, future additions to the allowance for loan losses (the “Allowance”) may be necessary, based on changes in economic conditions, asset quality or other factors. In addition, various regulatory authorities, as an integral part of their examination process, periodically review the Allowance. Such authorities may require the Company to recognize additions to the Allowance based on their judgments of information available to them at the time of their examination. Greene County Bancorp, Inc. makes an assessment to determine whether there have been any events or economic circumstances to indicate that a security on which there is an unrealized loss is impaired on an other-than-temporary basis. The Company considers many factors including the severity and duration of the impairment; the intent and ability of the Company to hold the security for a period of time sufficient for a recovery in value; recent events specific to the issuer or industry; and for debt securities, intent to sell the security, whether it is more likely than not we will be required to sell the security before recovery, whether loss is expected, external credit ratings and recent downgrades. Securities on which there is an unrealized loss that is deemed to be other-than-temporary are written down to fair value through earnings.

Securities (Policies)

Securities (Policies)	9 Months Ended
	Mar. 31, 2020
Securities [Abstract]
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock Federal law requires a member institution of the Federal Home Loan Bank (“FHLB”) system to hold stock of its district FHLB according to a predetermined formula. This stock is restricted in that it can only be sold to the FHLB or to another member institution, and all sales of FHLB stock must be at par. As a result of these restrictions, FHLB stock is carried at cost. FHLB stock is held as a long-term investment and its value is determined based on the ultimate recoverability of the par value. Impairment of this investment is evaluated quarterly and is a matter of judgment that reflects management’s view of the FHLB’s long-term performance, which includes factors such as the following: its operating performance; the severity and duration of declines in the fair value of its net assets related to its capital stock amount; its commitment to make payments required by law or regulation and the level of such payments in relation to its operating performance; the impact of legislative and regulatory changes on the FHLB, and accordingly, on the members of the FHLB; and its liquidity and funding position. After evaluating these considerations, Greene County Bancorp, Inc. concluded that the par value of its investment in FHLB stock will be recovered and, therefore, no other-than-temporary impairment charge was recorded during the three and nine months ended March 31, 2020 or 2019.

Impact of Recent Accounting P_2

Impact of Recent Accounting Pronouncements (Policies)	9 Months Ended
	Mar. 31, 2020
Impact of Recent Accounting Pronouncements [Abstract]
Impact of Recent Accounting Pronouncements	Accounting Pronouncements Recently Adopted The following accounting standards have been adopted in the first quarter ended September 30, 2019: On July 1, 2019, the Company adopted ASU 2016-02 Leases and all subsequent amendments (collectively, “ASU 2016-02”). The objective of this ASU is to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements to meet that objective. The main difference between previous GAAP and this ASU is the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. Under this new guidance, a lessee should recognize in the statement of financial position a liability to make lease payments and a right-of-use (“ROU”) asset representing its right to use the underlying asset for the lease term. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed from previous GAAP. ASU 2016-02 required a modified retrospective transition approach, applying the new standard to all leases existing at the date of initial application. The Company elected to use the effective date, July 1, 2019, as our date of initial application. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before July 1, 2019. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed us to carry forward the historical lease classification. Under ASU 2016-02, leases are classified as finance or operating, with the classification affecting the pattern and classification of expense recognition in the income statement. The Company’s leases, consisting of property leases for certain of our bank branches, are classified as operating leases. Operating lease ROU assets and liabilities were recognized in the amount of $1.7 million at commencement date, with no adjustment to retained earnings, based on the present value of lease payments over the lease term. As these leases do not provide an implicit rate, we use our incremental borrowing rate from the Federal Home Loan Bank of New York in determining the present value of lease payments. Our lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Leases with an initial term of 12 months or less are not recorded on the balance sheet. Lease expense for lease payments is recognized on a straight-line basis over the lease term. See Note 14 – Operating Leases, for details of the impact of implementing ASU 2016-02 on the consolidated statements of income or the consolidated statements of cash flows. On July 1, 2019, the Company adopted ASU 2017-08, “Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20) related to premium amortization on purchased callable debt securities. This Update shortens the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption was permitted, including adoption in an interim period. If an entity early adopted the amendments in an interim period, any adjustments were reflected as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments in this Update on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The adoption of this guidance did not have a material impact on our consolidated results of operations or financial position. Accounting Pronouncements to be adopted in future periods In June 2016, the FASB issued an Update (ASU 2016-13) to its guidance on “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. ASU 2016-13 requires credit losses on most financial assets measured at amortized cost and certain other instruments to be measured using an expected credit loss model (referred to as the current expected credit loss (CECL) model). Under this model, entities will estimate credit losses over the entire contractual term of the instrument (considering estimated prepayments, but not expected extensions or modifications unless reasonable expectation of a troubled debt restructuring exists) from the date of initial recognition of that instrument. The ASU also replaces the current accounting model for purchased credit impaired loans and debt securities. The allowance for credit losses for purchased financial assets with a more-than insignificant amount of credit deterioration since origination (“PCD assets”), should be determined in a similar manner to other financial assets measured on an amortized cost basis. However, upon initial recognition, the allowance for credit losses is added to the purchase price (“gross up approach”) to determine the initial amortized cost basis. The subsequent accounting for PCD financial assets is the same expected loss model described above. Further, the ASU made certain targeted amendments to the existing impairment model for available-for-sale (AFS) debt securities. For an AFS debt security for which there is neither the intent nor a more-likely-than-not requirement to sell, an entity will record credit losses as an allowance rather than a write-down of the amortized cost basis. An entity will apply the amendments in this Update through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (that is, a modified-retrospective approach). In November 2018, the FASB issued ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, which aligns the implementation date for nonpublic entities’ annual financial statements with the implementation date for their interim financial statements and clarifies the scope of the guidance in the amendments in ASU 2016-13. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. ASU 2019-04 clarifies or addresses stakeholders’ specific issues about certain aspects of the amendments in Update 2016-13 related to measuring the allowance for loan losses under the new guidance. The effective dates and transition requirements for the amendments related to this Update are the same as the effective dates and transition requirements in Update 2016-13. In November 2019, the FASB issued ASU 2019-11 Codification Improvements to Topic 326 Financial Instruments Credit Losses provides additional clarification to specific issues about certain aspects of the amendments in Update 2016-13 related to measuring the allowance for loan losses under the new guidance. The Company is currently evaluating the potential impact on our consolidated results of operations or financial position. The initial adjustment will not be reported in earnings and therefore will not have any material impact on our consolidated results of operations, but it is expected that it will have an impact on our consolidated financial position at the date of adoption of this Update. At this time, we have not calculated the estimated impact that this Update will have on our Allowance for Loan Losses, however, we anticipate it will have a significant impact on the methodology process we utilize to calculate the allowance. A vendor has been selected and alternative methodologies are currently being considered. Data requirements and integrity are being reviewed and enhancements incorporated into standard processes. For public business entities that are U.S. Securities and Exchange Commission (SEC) filers, excluding small reporting companies such as the Company, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In November 2019, FASB issued ASU 2019-10, Financial Instruments – Credit Losses which amends the implementation effective date for small reporting companies, such as the Company, and non-public business entities, for fiscal years beginning after December 15, 2022. All entities may adopt the amendments in this Update earlier as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is in the early stages of evaluation and implementation of the guidance. In August 2018, the FASB issued an Update (ASU 2018-13) to its guidance on “Fair Value Measurement (Topic 820)”. This update modifies the disclosure requirements on fair value measurements. The following disclosure requirements were removed from Topic 820: (1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; (2) the policy for timing of transfers between levels; (3) the valuation processes for Level 3 fair value measurements; and (4) for nonpublic entities, the changes in unrealized gains and losses for the period included in earnings for recurring Level 3 fair value measurements held at the end of the reporting period. The following disclosure requirements were modified in Topic 820: (1) in lieu of a rollforward for Level 3 fair value measurements, a nonpublic entity is required to disclose transfers into and out of Level 3 of the fair value hierarchy and purchases and issues of Level 3 assets and liabilities; (2) for investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly; and (3) the amendments clarify that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. The following disclosure requirements were added to Topic 820; however, the disclosures are not required for non-public entities: (1) the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period; and (2) the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. In addition, the amendments eliminate at a minimum from the phrase “an entity shall disclose at a minimum” to promote the appropriate exercise of discretion by entities when considering fair value measurement disclosures and to clarify that materiality is an appropriate consideration of entities and their auditors when evaluating disclosure requirements. The amendments in ASU No. 2018-13 are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU No. 2018-13 and delay adoption of the additional disclosures until their effective date. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In August 2018, the FASB has issued an Update (ASU No. 2018-14), “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans”, that applies to all employers that sponsor defined benefit pension or other postretirement plans. The amendments modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The following disclosure requirements were removed from Subtopic 715-20: (1) the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year; (2) the amount and timing of plan assets expected to be returned to the employer; (3) the disclosures related to the June 2001 amendments to the Japanese Welfare Pension Insurance Law; related party disclosures about the amount of future annual benefits covered by insurance and annuity contracts and significant transactions between the employer or related parties and the plan; (4) for nonpublic entities, the reconciliation of the opening balances to the closing balances of plan assets measured on a recurring basis in Level 3 of the fair value hierarchy. However, nonpublic entities will be required to disclose separately the amounts of transfers into and out of Level 3 of the fair value hierarchy and purchases of Level 3 plan assets; and (5) for public entities, the effects of a one-percentage-point change in assumed health care cost trend rates on the (a) aggregate of the service and interest cost components of net periodic benefit costs and (b) benefit obligation for postretirement health care benefits. The following disclosure requirements were added to Subtopic 715-20: (1) the weighted-average interest crediting rates for cash balance plans and other plans with promised interest crediting rates; and (2) an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. The amendments also clarify the disclosure requirements in paragraph 715-20-50-3, which state that the following information for defined benefit pension plans should be disclosed: (1) the projected benefit obligation (PBO) and fair value of plan assets for plans with PBOs in excess of plan assets; and (2) the accumulated benefit obligation (ABO) and fair value of plan assets for plans with ABOs in excess of plan assets. ASU No. 2018-14 is effective for fiscal years ending after December 15, 2020, for public business entities and for fiscal years ending after December 15, 2021, for all other entities. Early adoption is permitted for all entities. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In April 2019, the FASB issued an Update (ASU 2019-04), Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. The amendments to Topic 326 and other topics in this Update include items related to the amendments in Update 2016-13 discussed at the June 2018 and November 2018 Credit Losses TRG meetings. The amendments clarify or address stakeholders’ specific issues about certain aspects of the amendments in Update 2016-13 on a number of different topics, including the following: Accrued Interest, Transfers between Classifications or Categories for Loans and Debt Securities, Recoveries, Consideration of Prepayments in Determining the Effective Interest Rate, Consideration of Estimated Costs to Sell When Foreclosure Is Probable, Vintage Disclosures— Line-of-Credit Arrangements Converted to Term Loans, and Contractual Extensions and Renewals. The ASU also covered a number of issues that related to hedge accounting including: Partial-Term Fair Value Hedges of Interest Rate Risk, Amortization of Fair Value Hedge Basis Adjustments, Disclosure of Fair Value Hedge Basis Adjustments, Consideration of the Hedged Contractually Specified Interest Rate under the Hypothetical Derivative Method, Scoping for Not-for-Profit Entities, Hedge Accounting Provisions Applicable to Certain Private Companies and Not-for-Profit Entities, Application of a First-Payments-Received Cash Flow Hedging Technique to Overall Cash Flows on a Group of Variable Interest Payments, and Transition Guidance For Codification Improvements specific to ASU 2016-01. The following topics were covered within ASU 2019-04: Scope Clarifications, Held-to-Maturity Debt Securities Fair Value Disclosures, Applicability of Topic 820 to the Measurement Alternative, and Remeasurement of Equity Securities at Historical Exchange Rates. ASU 2019-04 has various implementation dates dependent on a number of factors as it pertains to the above items. The Company is in the early stages of evaluation of the guidance. In March 2020, the FASB issued an Update (ASU 2020-04), Reference Rate Reform (Topic 848). The amendments in this Update provide optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this Update apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The expedients and exceptions provided by the amendments do not apply to contract modifications made and hedging relationships entered into or evaluated after December 31, 2022, except for hedging relationships existing as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. The following optional expedients for applying the requirements of certain Topics or Industry Subtopics in the Codification are permitted for contracts that are modified because of reference rate reform and that meet certain scope guidance: (1) Modifications of contracts within the scope of Topics 310, Receivables, and 470, Debt, should be accounted for by prospectively adjusting the effective interest rate. (2) Modifications of contracts within the scope of Topics 840, Leases, and 842, Leases, should be accounted for as a continuation of the existing contracts with no reassessments of the lease classification and the discount rate (for example, the incremental borrowing rate) or remeasurements of lease payments that otherwise would be required under those Topics for modifications not accounted for as separate contracts. (3) Modifications of contracts do not require an entity to reassess its original conclusion about whether that contract contains an embedded derivative that is clearly and closely related to the economic characteristics and risks of the host contract under Subtopic 815-15, Derivatives and Hedging— Embedded Derivatives. The amendments in this Update are effective for all entities as of March 12, 2020 through December 31, 2022. An entity may elect to apply the amendments for contract modifications by Topic or Industry Subtopic as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively from a date within an interim period that includes or is subsequent to March 12, 2020, up to the date that the financial statements are available to be issued. Once elected for a Topic or an Industry Subtopic, the amendments in this Update must be applied prospectively for all eligible contract modifications for that Topic or Industry Subtopic. An entity may elect to apply the amendments in this Update to eligible hedging relationships existing as of the beginning of the interim period that includes March 12, 2020 and to new eligible hedging relationships entered into after the beginning of the interim period that includes March 12, 2020. The Company is in the early stages of evaluation of the guidance.

Securities (Tables)

Securities (Tables)	9 Months Ended
	Mar. 31, 2020
Securities [Abstract]
Components of Securities	Securities at March 31, 2020 consisted of the following: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities available-for-sale: U.S. government sponsored enterprises $ 2,506 $ 16 $ - $ 2,522 State and political subdivisions 167,823 257 65 168,015 Mortgage-backed securities-residential 9,814 313 - 10,127 Mortgage-backed securities-multi-family 23,293 706 1 23,998 Corporate debt securities 4,511 80 131 4,460 Total securities available-for-sale 207,947 1,372 197 209,122 Securities held-to-maturity: U.S. government sponsored enterprises 2,000 12 - 2,012 State and political subdivisions 191,244 8,445 274 199,415 Mortgage-backed securities-residential 41,525 897 - 42,422 Mortgage-backed securities-multi-family 140,738 7,640 8 148,370 Corporate debt securities 1,993 8 36 1,965 Other securities 5,032 40 - 5,072 Total securities held-to-maturity 382,532 17,042 318 399,256 Total securities $ 590,479 $ 18,414 $ 515 $ 608,378 Securities at June 30, 2019 consisted of the following: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities available-for-sale: U.S. government sponsored enterprises $ 5,522 $ 31 $ - $ 5,553 State and political subdivisions 95,782 788 - 96,570 Mortgage-backed securities-residential 2,634 31 20 2,645 Mortgage-backed securities-multi-family 16,151 259 - 16,410 Corporate debt securities 1,513 37 - 1,550 Total securities available-for-sale 121,602 1,146 20 122,728 Securities held-to-maturity: U.S. government sponsored enterprises 9,249 1 14 9,236 State and political subdivisions 152,358 6,212 23 158,547 Mortgage-backed securities-residential 4,570 97 - 4,667 Mortgage-backed securities-multi-family 134,970 3,122 17 138,075 Corporate debt securities 1,478 18 25 1,471 Other securities 1,583 34 - 1,617 Total securities held-to-maturity 304,208 9,484 79 313,613 Total securities $ 425,810 $ 10,630 $ 99 $ 436,341
Securities in Continuous Unrealized Loss Position	The following table shows fair value and gross unrealized losses, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2020. Less Than 12 Months More Than 12 Months Total (In thousands, except number of securities) Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Securities available-for-sale: State and political subdivisions $ 23,401 $ 65 7 $ - $ - - $ 23,401 $ 65 7 Mortgage-backed securities-multi-family 1,232 1 2 - - - 1,232 1 2 Corporate debt securities 2,869 131 4 - - - 2,869 131 4 Total securities available-for-sale 27,502 197 13 - - - 27,502 197 13 Securities held-to-maturity: State and political subdivisions 26,827 269 113 1,201 5 15 28,028 274 128 Mortgage-backed securities-multi-family 4,512 8 4 - - - 4,512 8 4 Corporate debt securities 504 3 1 452 33 1 956 36 2 Total securities held-to-maturity 31,843 280 118 1,653 38 16 33,496 318 134 Total securities $ 59,345 $ 477 131 $ 1,653 $ 38 16 $ 60,998 $ 515 147 The following table shows fair value and gross unrealized losses, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2019. Less Than 12 Months More Than 12 Months Total (In thousands, except number of securities) Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Securities available-for-sale: Mortgage-backed securities-residential $ 856 $ 20 1 $ - $ - - $ 856 $ 20 1 Total securities available-for-sale 856 20 1 - - - 856 20 1 Securities held-to-maturity: U.S. government sponsored enterprises - - - 1,986 14 1 1,986 14 1 State and political subdivisions 3,541 17 22 2,111 6 13 5,652 23 35 Mortgage-backed securities-multi-family 1,250 6 1 3,799 11 3 5,049 17 4 Corporate debt securities - - - 452 25 1 452 25 1 Total securities held-to-maturity 4,791 23 23 8,348 56 18 13,139 79 41 Total securities $ 5,647 $ 43 24 $ 8,348 $ 56 18 $ 13,995 $ 99 42
Investments Classified by Contractual Maturity Date	The estimated fair values of debt securities at March 31, 2020, by contractual maturity are shown below. Expected maturities may differ from contractual maturities, because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. (In thousands) Available-for-sale debt securities Amortized Cost Fair Value Within one year $ 169,715 $ 169,918 After one year through five years 1,581 1,629 After five years through ten years 1,544 1,562 After ten years 2,000 1,888 Total available-for-sale debt securities 174,840 174,997 Mortgage-backed securities 33,107 34,125 Total available-for-sale securities 207,947 209,122 Held-to-maturity debt securities Within one year 33,677 34,000 After one year through five years 92,123 94,198 After five years through ten years 51,143 53,945 After ten years 23,326 26,321 Total held-to-maturity debt securities 200,269 208,464 Mortgage-backed securities 182,263 190,792 Total held-to-maturity securities 382,532 399,256 Total debt securities $ 590,479 $ 608,378

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Mar. 31, 2020
Loans and Allowance for Loan Losses [Abstract]
Major Loan Segments and Classes	Loan segments and classes at March 31, 2020 and June 30, 2019 are summarized as follows: (In thousands) March 31, 2020 June 30, 2019 Residential real estate: Residential real estate $ 277,891 $ 267,802 Residential construction and land 9,097 7,462 Multi-family 25,370 24,592 Commercial real estate: Commercial real estate 374,155 329,668 Commercial construction 70,348 36,361 Consumer loan: Home equity 22,179 23,185 Consumer installment 5,280 5,481 Commercial loans 113,641 103,554 Total gross loans 897,961 798,105 Allowance for loan losses (15,205 ) (13,200 ) Unearned origination fees and costs, net 979 833 Loans receivable, net $ 883,735 $ 785,738
Loan Balances by Internal Credit Quality Indicator	Loan balances by internal credit quality indicator at March 31, 2020 are shown below. ( In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 272,959 $ 1,122 $ 1,119 $ 2,691 $ 277,891 Residential construction and land 9,097 - - - 9,097 Multi-family 23,600 - 1,643 127 25,370 Commercial real estate 360,942 49 10,158 3,006 374,155 Commercial construction 65,286 - 4,960 102 70,348 Home equity 21,509 18 25 627 22,179 Consumer installment 5,233 47 - - 5,280 Commercial loans 110,787 172 2,377 305 113,641 Total gross loans $ 869,413 $ 1,408 $ 20,282 $ 6,858 $ 897,961 Loan balances by internal credit quality indicator at June 30, 2019 are shown below. (In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 264,138 $ 874 $ 86 $ 2,704 $ 267,802 Residential construction and land 7,462 - - - 7,462 Multi-family 22,544 137 1,835 76 24,592 Commercial real estate 318,703 616 7,435 2,914 329,668 Commercial construction 36,259 - - 102 36,361 Home equity 22,392 20 - 773 23,185 Consumer installment 5,461 14 - 6 5,481 Commercial loans 102,103 261 1,082 108 103,554 Total gross loans $ 779,062 $ 1,922 $ 10,438 $ 6,683 $ 798,105
Delinquent and/or Nonaccrual Loans by Past Due Status	The following table sets forth information regarding delinquent and/or nonaccrual loans at March 31, 2020: (In thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due Current Total Loans Loans on Non-accrual Residential real estate $ 2,574 $ 867 $ 1,556 $ 4,997 $ 272,894 $ 277,891 $ 2,438 Residential construction and land - - - - 9,097 9,097 - Multi-family - 30 127 157 25,213 25,370 127 Commercial real estate 323 73 347 743 373,412 374,155 765 Commercial construction - - - - 70,348 70,348 - Home equity 124 18 128 270 21,909 22,179 305 Consumer installment 73 47 - 120 5,160 5,280 - Commercial loans 851 193 177 1,221 112,420 113,641 250 Total gross loans $ 3,945 $ 1,228 $ 2,335 $ 7,508 $ 890,453 $ 897,961 $ 3,885 The following table sets forth information regarding delinquent and/or nonaccrual loans at June 30, 2019: (In thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due Current Total Loans Loans on Non- accrual Residential real estate $ 2,144 $ 870 $ 1,385 $ 4,399 $ 263,403 $ 267,802 $ 2,474 Residential construction and land - - - - 7,462 7,462 - Multi-family 1 137 - 138 24,454 24,592 - Commercial real estate 280 1,108 102 1,490 328,178 329,668 598 Commercial construction - - - - 36,361 36,361 - Home equity 16 136 309 461 22,724 23,185 452 Consumer installment 32 14 6 52 5,429 5,481 6 Commercial loans 430 342 28 800 102,754 103,554 108 Total gross loans $ 2,903 $ 2,607 $ 1,830 $ 7,340 $ 790,765 $ 798,105 $ 3,638
Nonaccrual Loans, Interest Income Data	The table below details additional information related to nonaccrual loans for the three and nine months ended March 31: For the three months ended March 31, For the nine months ended March 31, (In thousands) 2020 2019 2020 2019 Interest income that would have been recorded if loans had been performing in accordance with original terms $ 64 $ 31 $ 218 $ 160 Interest income that was recorded on nonaccrual loans 51 26 143 81
Impaired Loans by Loan Portfolio Class	The tables below detail additional information on impaired loans at the date or periods indicated: At March 31, 2020 For the three months ended March 31, 2020 For the nine months ended March 31, 2020 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 1,044 $ 1,044 $ - $ 702 $ 11 $ 645 $ 52 Multi-family 127 127 - 42 - 14 - Commercial real estate 351 351 - 362 1 549 13 Home equity 153 153 - 136 - 177 - Commercial loans 150 150 - 163 - 134 1 Impaired loans with no allowance 1,825 1,825 - 1,405 12 1,519 66 With an allowance recorded: Residential real estate 1,088 1,088 133 1,176 7 1,227 39 Multi-family - - - 85 - 72 1 Commercial real estate - - - - - 35 3 Commercial construction 102 102 13 102 - 102 - Home equity 432 432 73 449 7 414 21 Commercial loans 178 178 22 165 5 151 9 Impaired loans with allowance 1,800 1,800 241 1,977 19 2,001 73 Total impaired: Residential real estate 2,132 2,132 133 1,878 18 1,872 91 Multi-family 127 127 - 127 - 86 1 Commercial real estate 351 351 - 362 1 584 16 Commercial construction 102 102 13 102 - 102 - Home equity 585 585 73 585 7 591 21 Commercial loans 328 328 22 328 5 285 10 Total impaired loans $ 3,625 $ 3,625 $ 241 $ 3,382 $ 31 $ 3,520 $ 139 At June 30, 2019 For the three months ended March 31, 2019 For the nine months ended March 31, 2019 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 727 $ 727 $ - $ 151 $ 1 $ 105 $ 4 Commercial real estate 717 717 - 997 35 979 50 Commercial construction - - - 68 - 23 - Home equity 309 309 - 309 - 281 - Commercial loans 141 141 - 148 - 153 - Impaired loans with no allowance 1,894 1,894 - 1,673 36 1,541 54 With an allowance recorded: Residential real estate 1,420 1,420 188 1,965 15 1,826 51 Commercial real estate - - - - - 122 - Commercial construction 102 102 2 59 - 137 - Home equity 348 348 59 350 5 334 14 Commercial loans 130 130 13 131 1 58 1 Impaired loans with allowance 2,000 2,000 262 2,505 21 2,477 66 Total impaired: Residential real estate 2,147 2,147 188 2,116 16 1,931 55 Commercial real estate 717 717 - 997 35 1,101 50 Commercial construction 102 102 2 127 - 160 - Home equity 657 657 59 659 5 615 14 Commercial loans 271 271 13 279 1 211 1 Total impaired loans $ 3,894 $ 3,894 $ 262 $ 4,178 $ 57 $ 4,018 $ 120
Loans Modified as Troubled Debt Restructuring	The table below details loans that have been modified as a troubled debt restructuring during the nine months ended March 31, 2019. (D ollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Current Outstanding Recorded Investment March 31, 2019 Commercial loans 1 $ 127 $ 131 $ 131
Activity and Allocation of Allowance for Loan Losses	The following tables set forth the activity and allocation of the allowance for loan losses by loan category during and at the periods indicated. The allowance is allocated to each loan category based on historical loss experience and economic conditions. Activity for the three months ended March 31, 2020 (In thousands) Balance at December 31, 2019 Charge-offs Recoveries Provision Balance at March 31, 2020 Residential real estate $ 1,470 $ - $ 3 $ 391 $ 1,864 Residential construction and land 93 - - 8 101 Multi-family 147 - - 6 153 Commercial real estate 7,510 - - 453 7,963 Commercial construction 1,467 - - 355 1,822 Home equity 270 - - 3 273 Consumer installment 366 111 33 12 300 Commercial loans 2,661 129 - 164 2,696 Unallocated - - - 33 33 Total $ 13,984 $ 240 $ 36 $ 1,425 $ 15,205 Activity for the nine months ended March 31, 2020 (In thousands) Balance at June 30, 2019 Charge-offs Recoveries Provision Balance at March 31, 2020 Residential real estate $ 2,026 $ 101 $ 13 $ (74 ) $ 1,864 Residential construction and land 87 - - 14 101 Multi-family 180 - - (27 ) 153 Commercial real estate 7,110 - - 853 7,963 Commercial construction 872 - - 950 1,822 Home equity 314 - - (41 ) 273 Consumer installment 250 359 83 326 300 Commercial loans 2,361 333 36 632 2,696 Unallocated - - - 33 33 Total $ 13,200 $ 793 $ 132 $ 2,666 $ 15,205 Allowance for Loan Losses Loans Receivable Ending Balance At March 31, 2020 Impairment Analysis Ending Balance At March 31, 2020 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 133 $ 1,731 $ 2,132 $ 275,759 Residential construction and land - 101 - 9,097 Multi-family - 153 127 25,243 Commercial real estate - 7,963 351 373,804 Commercial construction 13 1,809 102 70,246 Home equity 73 200 585 21,594 Consumer installment - 300 - 5,280 Commercial loans 22 2,674 328 113,313 Unallocated - 33 - - Total $ 241 $ 14,964 $ 3,625 $ 894,336 Activity for the three months ended March 31, 2019 (In thousands) Balance at December 31, 2018 Charge-offs Recoveries Provision Balance at March 31, 2019 Residential real estate $ 2,070 $ - $ - $ 14 $ 2,084 Residential construction and land 93 - - (13 ) 80 Multi-family 180 - - (12 ) 168 Commercial real estate 6,182 74 - 238 6,346 Commercial construction 876 - - 117 993 Home equity 322 - - (18 ) 304 Consumer installment 290 95 43 (28 ) 210 Commercial loans 2,381 51 - (49 ) 2,281 Unallocated 279 - - 101 380 Total $ 12,673 $ 220 $ 43 $ 350 $ 12,846 Activity for the nine months ended March 31, 2019 (In thousands) Balance at June 30, 2018 Charge-offs Recoveries Provision Balance at March 31, 2019 Residential real estate $ 2,116 $ 96 $ 13 $ 51 $ 2,084 Residential construction and land 114 - - (34 ) 80 Multi-family 162 - - 6 168 Commercial real estate 5,979 74 - 441 6,346 Commercial construction 950 - - 43 993 Home equity 317 - - (13 ) 304 Consumer installment 224 284 103 167 210 Commercial loans 2,128 51 153 51 2,281 Unallocated 34 - - 346 380 Total $ 12,024 $ 505 $ 269 $ 1,058 $ 12,846 Allowance for Loan Losses Loans Receivable Ending Balance June 30, 2019 Impairment Analysis Ending Balance June 30, 2019 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 188 $ 1,838 $ 2,147 $ 265,655 Residential construction and land - 87 - 7,462 Multi-family - 180 - 24,592 Commercial real estate - 7,110 717 328,951 Commercial construction 2 870 102 36,259 Home equity 59 255 657 22,528 Consumer installment - 250 - 5,481 Commercial loans 13 2,348 271 103,283 Unallocated - - - - Total $ 262 $ 12,938 $ 3,894 $ 794,211
Foreclosed Real Estate	The following table sets forth information regarding FRE at March 31, 2020 and June 30, 2019: (in thousands) March 31, 2020 June 30, 2019 Residential real estate $ - $ 53 Total foreclosed real estate $ - $ 53

Fair Value Measurements and F_2

Fair Value Measurements and Fair Value of Financial Instruments (Tables)	9 Months Ended
	Mar. 31, 2020
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) March 31, 2020 (Level 1) (Level 2) (Level 3) Assets: U.S. Government sponsored enterprises $ 2,522 $ - $ 2,522 $ - State and political subdivisions 168,015 - 168,015 - Mortgage-backed securities-residential 10,127 - 10,127 - Mortgage-backed securities-multi-family 23,998 - 23,998 - Corporate debt securities 4,460 4,460 - - Securities available-for-sale 209,122 $ 4,460 $ 204,662 - Equity securities 238 238 - - Total securities measured at fair value $ 209,360 $ 4,698 $ 204,662 $ - Fair Value Measurements Using Quoted Prices In Active Markets For Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (In thousands) June 30, 2019 (Level 1) (Level 2) (Level 3) Assets: U.S. Government sponsored enterprises $ 5,553 $ - $ 5,553 $ - State and political subdivisions 96,570 - 96,570 - Mortgage-backed securities-residential 2,645 - 2,645 - Mortgage-backed securities-multi-family 16,410 - 16,410 - Corporate debt securities 1,550 1,550 - - Securities available-for-sale 122,728 1,550 121,178 - Equity securities 253 253 - - Total securities measured at fair value $ 122,981 $ 1,803 $ 121,178 $ -
Assets and Liabilities Measured at Fair Value on Nonrecurring Basis	These measurements are classified as Level 3 within the fair value hierarchy. Fair Value Measurements Using (In thousands) Recorded Investment Related Allowance Fair Value (Level 1) (Level 2) (Level 3) March 31, 2020 Impaired loans $ 1,952 $ 241 $ 1,711 $ - $ - $ 1,711 June 30, 2019 Impaired loans $ 2,335 $ 262 $ 2,073 $ - $ - $ 2,073 Foreclosed real estate 53 - 53 - - 53
Additional Quantitative Information about Assets Measured at Fair Value on Nonrecurring Basis	The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Level 3 inputs were utilized to determine fair value: (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average March 31, 2020 Impaired Loans $ 1,193 Appraisal of collateral (1) Appraisal adjustments (2) 8.57%-33.73 % 28.00 % Liquidation expenses (3) 3.98%-7.03 % 4.85 % 518 Discounted cash flow Discount rate 4.19%-6.75 % 5.52 % June 30, 2019 Impaired loans $ 1,403 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-33.73 % 24.48 % Liquidation expenses (3) 3.98%-6.00 % 4.53 % 670 Discounted cash flow Discount rate 4.19%-8.66 % 6.07 % Foreclosed real estate 53 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-0.00 % 0.00 % Liquidation expenses (3) 10.41 % 10.41 % (1) Fair value is generally determined through independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable. (2) Appraisals may be adjusted downwards by management for qualitative factors such as economic conditions. Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received or age of the appraisal. (3) Appraisals are adjusted downwards by management for qualitative factors such as the estimated costs to liquidate the collateral.
Carrying Amounts and Estimated Fair Value of Financial Instruments	The carrying amounts and estimated fair value of financial instruments are as follows: (In thousands) March 31, 2020 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 77,814 $ 77,814 $ 77,814 $ - $ - Long term certificate of deposit 4,071 4,071 4,071 - - Securities available-for-sale 209,122 209,122 4,460 204,662 - Securities held-to-maturity 382,532 399,256 - 399,256 - Equity securities 238 238 238 - - Federal Home Loan Bank stock 1,196 1,196 - 1,196 - Net loans receivable 883,735 889,183 - - 889,183 Accrued interest receivable 7,506 7,506 - 7,506 - Deposits 1,429,532 1,430,067 - 1,430,067 - Borrowings 13,100 13,222 - 13,222 - Accrued interest payable 125 125 - 125 - (In thousands) June 30, 2019 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 29,538 $ 29,538 $ 29,538 $ - $ - Long term certificate of deposit 2,875 2,875 2,875 - - Securities available-for-sale 122,728 122,728 1,550 121,178 - Securities held-to-maturity 304,208 313,613 - 313,613 - Equity Securities 253 253 253 - - Federal Home Loan Bank stock 1,759 1,759 - 1,759 - Net loans receivable 785,738 781,614 - - 781,614 Accrued interest receivable 5,853 5,853 - 5,853 - Deposits 1,120,569 1,120,632 - 1,120,632 - Borrowings 21,600 21,534 - 21,534 - Accrued interest payable 110 110 - 110 -

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share, Basic and Diluted	There were no dilutive or anti-dilutive securities or contracts outstanding during the three and nine months ended March 31, 2020 and 2019. For the three months Ended March 31, For the nine months Ended March 31, 2020 2019 2020 2019 Net Income $ 4,051,000 $ 4,356,000 $ 14,027,000 $ 13,320,000 Weighted Average Shares – Basic 8,531,304 8,537,814 8,535,391 8,537,814 Weighted Average Shares - Dilute 8,531,304 8,537,814 8,535,391 8,537,814 Earnings per share - Basic $ 0.47 $ 0.51 $ 1.64 $ 1.56 Earnings per share - Diluted $ 0.47 $ 0.51 $ 1.64 $ 1.56

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Mar. 31, 2020
Employee Benefit Plans [Abstract]
Components of Net Periodic Pension Costs	The components of net periodic pension cost related to the defined benefit pension plan for the three and nine months ended March 31, 2020 and 2019 were as follows: Three months ended March 31, Nine months ended March 31, (In thousands) 2020 2019 2020 2019 Interest cost $ 49 $ 54 $ 147 $ 162 Expected return on plan assets (63 ) (59 ) (189 ) (177 ) Amortization of net loss 40 35 120 105 Net periodic pension cost $ 26 $ 30 $ 78 $ 90

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Mar. 31, 2020
Stock-Based Compensation [Abstract]
Summary of Phantom Stock Option Activity and Related Information	A summary of the Company’s phantom stock option activity and related information for the Plan for the three and nine months ended March 31, 2020 and 2019 is as follows: Three months ended March 31, Nine months ended March 31, 2020 2019 2020 2019 Number of options outstanding, beginning of period 1,765,100 1,742,100 1,711,600 1,634,160 Options Granted - - 614,700 592,700 Options Forfeited - - (7,000 ) - Options Paid in Cash - (18,000 ) (554,200 ) (502,760 ) Number of options outstanding, end of period 1,765,100 1,724,100 1,765,100 1,724,100 Three months ended March 31, Nine months ended March 31, (In thousands) 2020 2019 2020 2019 Cash paid out on options vested $ - $ 41 $ 2,516 $ 1,745 Compensation costs recognized 875 810 2,270 2,021

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Mar. 31, 2020
Accumulated Other Comprehensive Loss [Abstract]
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss for the three and nine months ended March 31, 2020 and 2019 are presented in the following table: Activity for the three months ended March 31, 2020 and 2019 ( In thousands Unrealized gain (losses) on securities available- for-sale Pension benefits Total Balance at December 31, 2018 $ 113 $ (1,633 ) $ (1,520 ) Other comprehensive income before reclassification 181 - 181 Other comprehensive income for the three months ended March 31, 2019 181 - 181 Balance at March 31, 2019 $ 294 $ (1,633 ) $ (1,339 ) Balance at December 31, 2019 $ 447 $ (1,838 ) $ (1,391 ) Other comprehensive income before reclassification 421 - 421 Other comprehensive income for the three months ended March 31, 2020 421 - 421 Balance at March 31, 2020 $ 868 $ (1,838 ) $ (970 ) Activity for the nine months ended March 31, 2020 and 2019 ( In thousands Unrealized gain (losses) on securities available- for-sale Pension benefits Total Balance at June 30, 2018 $ 10 $ (1,633 ) $ (1,623 ) Other comprehensive income before reclassification 398 - 398 Other comprehensive income for the nine months ended March 31, 2019 398 - 398 Reclassification for change in accounting (1) (114 ) - (114 ) Balance at March 31, 2019 $ 294 $ (1,633 ) $ (1,339 ) Balance at June 30, 2019 $ 832 $ (1,838 ) $ (1,006 ) Other comprehensive income before reclassification 36 - 36 Other comprehensive income for the nine months ended March 31, 2020 36 - 36 Balance at March 31, 2020 $ 868 $ (1,838 ) $ (970 ) (1) Adoption of ASU 2016-01 – cumulative effect of change in measurement of equity securities.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Mar. 31, 2020
Revenue from Contracts with Customers [Abstract]
Revenues Subject to ASC 606	The following table presents revenues subject to ASC 606 for the three and nine months ended March 31, 2020 and 2019, respectively. For the three months ended For the nine months ended (In thousands) 2020 2019 2020 2019 Service charges on deposit accounts Insufficient funds fees $ 928 $ 855 $ 2,950 $ 2,782 Deposit related fees 40 39 120 117 ATM/point of sale fees 66 66 200 204 Total service charges 1,034 960 3,270 3,103 Interchange fee income Debit card interchange fees 698 604 2,196 1,929 E-commerce fee income E-commerce fees 24 31 90 102 Investment services income Investment services 120 145 433 396 Sales of assets Net gain (loss) on sale of foreclosed real estate (57 ) (25 ) 19 (34 )

Operating leases (Tables)

Operating leases (Tables)	9 Months Ended
	Mar. 31, 2020
Operating leases [Abstract]
Quantitative Data Related to Operating Leases	The following includes quantitative data related to the Company’s operating leases as of March 31, 2020: (In thousands, except weighted-average information). Operating Lease Amounts March 31, 2020 Right-of-use assets $ 1,638 Lease liabilities $ 1,647 Other Information: Operating outgoing cash flows from operating leases $ 226 Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,840 Weighted-average remaining lease term (Years) 7.43 Weighted-average discount rate 2.52 % Three months ended March 31, 2020 Nine months ended March 31, 2020 (In thousands) Lease Costs Operating lease cost $ 63 $ 205 Variable lease cost $ 10 $ 30
Undiscounted Cash Flows of Operating Lease Liabilities	The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding common area maintenance charges and real estate taxes, as of March 31, 2020: (in thousands) Within the twelve months ended March 2021 $ 282 2022 272 2023 217 2024 212 2025 217 Thereafter 613 Total undiscounted cash flow 1,813 Less net present value adjustment (166 ) Lease Liability $ 1,647

Nature of Operations (Details)

Nature of Operations (Details)	Mar. 31, 2020OfficeSubsidiary
Nature of Operations [Abstract]
Number of full-service offices | Office	16
Number of subsidiaries | Subsidiary	2

Securities (Details)

Securities (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2020USD ($)Category	Jun. 30, 2019USD ($)
Available-for-sale debt securities [Abstract]
Amortized cost	$ 207,947	$ 121,602
Gross unrealized gains	1,372	1,146
Gross unrealized losses	197	20
Estimated fair value	209,122	122,728
Held-to-maturity securities [Abstract]
Amortized cost	382,532	304,208
Gross unrealized gains	17,042	9,484
Gross unrealized losses	318	79
Estimated fair value	399,256	313,613
Total Securities [Abstract]
Amortized cost	590,479	425,810
Gross unrealized gains	18,414	10,630
Gross unrealized losses	515	99
Estimated fair value	$ 608,378	436,341
Number of categories utilized under risk management approach of diversified investing | Category	3
U.S. Government Sponsored Enterprises [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	$ 2,506	5,522
Gross unrealized gains	16	31
Gross unrealized losses	0	0
Estimated fair value	2,522	5,553
Held-to-maturity securities [Abstract]
Amortized cost	2,000	9,249
Gross unrealized gains	12	1
Gross unrealized losses	0	14
Estimated fair value	2,012	9,236
State and Political Subdivisions [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	167,823	95,782
Gross unrealized gains	257	788
Gross unrealized losses	65	0
Estimated fair value	168,015	96,570
Held-to-maturity securities [Abstract]
Amortized cost	191,244	152,358
Gross unrealized gains	8,445	6,212
Gross unrealized losses	274	23
Estimated fair value	199,415	158,547
Mortgage-backed Securities-Residential [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	9,814	2,634
Gross unrealized gains	313	31
Gross unrealized losses	0	20
Estimated fair value	10,127	2,645
Held-to-maturity securities [Abstract]
Amortized cost	41,525	4,570
Gross unrealized gains	897	97
Gross unrealized losses	0	0
Estimated fair value	42,422	4,667
Mortgage-backed Securities-Multi-family [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	23,293	16,151
Gross unrealized gains	706	259
Gross unrealized losses	1	0
Estimated fair value	23,998	16,410
Held-to-maturity securities [Abstract]
Amortized cost	140,738	134,970
Gross unrealized gains	7,640	3,122
Gross unrealized losses	8	17
Estimated fair value	148,370	138,075
Corporate Debt Securities [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	4,511	1,513
Gross unrealized gains	80	37
Gross unrealized losses	131	0
Estimated fair value	4,460	1,550
Held-to-maturity securities [Abstract]
Amortized cost	1,993	1,478
Gross unrealized gains	8	18
Gross unrealized losses	36	25
Estimated fair value	1,965	1,471
Other Securities [Member]
Held-to-maturity securities [Abstract]
Amortized cost	5,032	1,583
Gross unrealized gains	40	34
Gross unrealized losses	0	0
Estimated fair value	$ 5,072	$ 1,617

Securities, Securities in Conti

Securities, Securities in Continuous Unrealized Loss Position (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020USD ($)Security	Mar. 31, 2019USD ($)	Mar. 31, 2020USD ($)Security	Mar. 31, 2019USD ($)	Jun. 30, 2019USD ($)Security
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 27,502		$ 27,502		$ 856
More than 12 months, fair value	0		0		0
Total, fair value	27,502		27,502		856
Less than 12 months, unrealized losses	197		197		20
More than 12 months, unrealized losses	0		0		0
Total, unrealized losses	$ 197		$ 197		$ 20
Less than 12 months, number of securities | Security	13		13		1
More than 12 months, number of securities | Security	0		0		0
Total, number of securities | Security	13		13		1
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 31,843		$ 31,843		$ 4,791
Less than 12 months, unrealized losses	$ 280		$ 280		$ 23
Less than 12 months, number of securities | Security	118		118		23
More than 12 months, fair value	$ 1,653		$ 1,653		$ 8,348
More than 12 months, unrealized losses	$ 38		$ 38		$ 56
More than 12 months, number of securities | Security	16		16		18
Total, fair value	$ 33,496		$ 33,496		$ 13,139
Total, unrealized losses	$ 318		$ 318		$ 79
Total, number of securities | Security	135		135		41
Total Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 59,345		$ 59,345		$ 5,647
Less than 12 months, unrealized losses	$ 477		$ 477		$ 43
Less than 12 months, number of securities | Security	131		131		24
More than 12 months, fair value	$ 1,653		$ 1,653		$ 8,348
More than 12 months, unrealized losses	$ 38		$ 38		$ 56
More than 12 months, number of securities | Security	16		16		18
Total, fair value	$ 60,998		$ 60,998		$ 13,995
Total, unrealized losses	$ 515		$ 515		$ 99
Total, number of securities | Security	147		147		42
Proceeds from sale of available-for-sale securities	$ 0	$ 0	$ 0	$ 0
Gross realized gains (losses) on sale of available-for-sale securities	0	0	0	0
Other-than-temporary impairment losses	0	$ 0	0	$ 0
U.S. Government Sponsored Enterprises [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value					$ 0
Less than 12 months, unrealized losses					$ 0
Less than 12 months, number of securities | Security					0
More than 12 months, fair value					$ 1,986
More than 12 months, unrealized losses					$ 14
More than 12 months, number of securities | Security					1
Total, fair value					$ 1,986
Total, unrealized losses	0		0		$ 14
Total, number of securities | Security					1
State and Political Subdivisions [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	23,401		23,401
More than 12 months, fair value	0		0
Total, fair value	23,401		23,401
Less than 12 months, unrealized losses	65		65
More than 12 months, unrealized losses	0		0
Total, unrealized losses	$ 65		$ 65
Less than 12 months, number of securities | Security	7		7
More than 12 months, number of securities | Security	0		0
Total, number of securities | Security	7		7
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 26,827		$ 26,827		$ 3,541
Less than 12 months, unrealized losses	$ 269		$ 269		$ 17
Less than 12 months, number of securities | Security	113		113		22
More than 12 months, fair value	$ 1,201		$ 1,201		$ 2,111
More than 12 months, unrealized losses	$ 5		$ 5		$ 6
More than 12 months, number of securities | Security	15		15		13
Total, fair value	$ 28,028		$ 28,028		$ 5,652
Total, unrealized losses	$ 274		$ 274		$ 23
Total, number of securities | Security	128		128		35
Mortgage-backed Securities-Residential [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value					$ 856
More than 12 months, fair value					0
Total, fair value					856
Less than 12 months, unrealized losses					20
More than 12 months, unrealized losses					0
Total, unrealized losses					$ 20
Less than 12 months, number of securities | Security					1
More than 12 months, number of securities | Security					0
Total, number of securities | Security					1
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Total, unrealized losses	$ 0		$ 0		$ 0
Mortgage-backed Securities-Multi-family [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	1,232		1,232
More than 12 months, fair value	0		0
Total, fair value	1,232		1,232
Less than 12 months, unrealized losses	1		1
More than 12 months, unrealized losses	0		0
Total, unrealized losses	$ 1		$ 1
Less than 12 months, number of securities | Security	2		2
More than 12 months, number of securities | Security	0		0
Total, number of securities | Security	2		2
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 4,512		$ 4,512		1,250
Less than 12 months, unrealized losses	$ 8		$ 8		$ 6
Less than 12 months, number of securities | Security	4		4		1
More than 12 months, fair value	$ 0		$ 0		$ 3,799
More than 12 months, unrealized losses	$ 0		$ 0		$ 11
More than 12 months, number of securities | Security	0		0		3
Total, fair value	$ 4,512		$ 4,512		$ 5,049
Total, unrealized losses	$ 8		$ 8		$ 17
Total, number of securities | Security	4		4		4
Corporate Debt Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 2,869		$ 2,869
More than 12 months, fair value	0		0
Total, fair value	2,869		2,869
Less than 12 months, unrealized losses	131		131
More than 12 months, unrealized losses	0		0
Total, unrealized losses	$ 131		$ 131
Less than 12 months, number of securities | Security	4		4
More than 12 months, number of securities | Security	0		0
Total, number of securities | Security	4		4
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 504		$ 504		$ 0
Less than 12 months, unrealized losses	$ 3		$ 3		$ 0
Less than 12 months, number of securities | Security	1		1		0
More than 12 months, fair value	$ 452		$ 452		$ 452
More than 12 months, unrealized losses	$ 33		$ 33		$ 25
More than 12 months, number of securities | Security	1		1		1
Total, fair value	$ 956		$ 956		$ 452
Total, unrealized losses	$ 36		$ 36		$ 25
Total, number of securities | Security	2		2		1

Securities, Securities by Contr

Securities, Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Available-for-sale Debt Securities, Amortized Cost [Abstract]
Within one year	$ 169,715
After one year through five years	1,581
After five years through ten years	1,544
After ten years	2,000
Total available for sale debt securities	174,840
Mortgage-backed securities	33,107
Amortized cost	207,947
Available-for-sale Debt Securities, Fair Value [Abstract]
Within one year	169,918
After one through five years	1,629
After five through ten years	1,562
After ten years	1,888
Total available-for-sale debt securities	174,997
Mortgage-backed securities	34,125
Estimated fair value	209,122	$ 122,728
Held-to-maturity Debt Securities, Amortized Cost [Abstract]
Within one year	33,677
After one year through five years	92,123
After five years through ten years	51,143
After ten years	23,326
Total held-to-maturity debt securities	200,269
Mortgage-backed securities	182,263
Amortized cost	382,532	304,208
Held-to-maturity Debt Securities, Fair Value [Abstract]
Within one year	34,000
After one year through five years	94,198
After five years through ten years	53,945
After ten years	26,321
Total held-to-maturity debt securities	208,464
Mortgage-backed securities	190,792
Estimated fair value	399,256	313,613
Total Debt Securities [Abstract]
Amortized cost	590,479	425,810
Estimated fair value	608,378	436,341
Securities pledged as collateral for deposits in excess of FDIC insurance limits, fair value	595,900	425,700
Securities pledged as collateral for potential borrowings at the Federal Reserve Bank discount window	$ 4,500	$ 1,500

Securities, Federal Home Loan B

Securities, Federal Home Loan Bank Stock (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Federal Home Loan Bank Stock [Member]
Federal Home Loan Bank Stock [Abstract]
Other-than-temporary impairment losses	$ 0	$ 0	$ 0	$ 0

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses, Major Loan Segments and Classes (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018
Major Loan Segments and Classes [Abstract]
Total gross loans	$ 897,961		$ 798,105
Allowance for loan losses	(15,205)	$ (13,984)	(13,200)	$ (12,846)	$ (12,673)	$ (12,024)
Unearned origination fees and costs, net	979		833
Net loans receivable	883,735		785,738
Residential Real Estate [Member] | Residential Real Estate [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	277,891		267,802
Allowance for loan losses	(1,864)	(1,470)	(2,026)	(2,084)	(2,070)	(2,116)
Residential Real Estate [Member] | Construction and Land [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	9,097		7,462
Allowance for loan losses	(101)	(93)	(87)	(80)	(93)	(114)
Residential Real Estate [Member] | Multi-family [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	25,370		24,592
Allowance for loan losses	(153)	(147)	(180)	(168)	(180)	(162)
Commercial Real Estate [Member] | Real Estate [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	374,155		329,668
Allowance for loan losses	(7,963)	(7,510)	(7,110)	(6,346)	(6,182)	(5,979)
Commercial Real Estate [Member] | Construction [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	70,348		36,361
Allowance for loan losses	(1,822)	(1,467)	(872)	(993)	(876)	(950)
Consumer Loan [Member] | Home Equity [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	22,179		23,185
Allowance for loan losses	(273)	(270)	(314)	(304)	(322)	(317)
Consumer Loan [Member] | Consumer Installment [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	5,280		5,481
Allowance for loan losses	(300)	(366)	(250)	(210)	(290)	(224)
Commercial Loans [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	113,641		103,554
Allowance for loan losses	$ (2,696)	$ (2,661)	$ (2,361)	$ (2,281)	$ (2,381)	$ (2,128)

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses, Loan Balances by Internal Credit Quality Indicator (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2020USD ($)Segment	Jun. 30, 2019USD ($)
Loan Balances by Internal Credit Quality Indicator [Abstract]
Number of segments within loan portfolio | Segment	4
Total gross loans	$ 897,961	$ 798,105
Performing [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	869,413	779,062
Watch [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	1,408	1,922
Special Mention [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	20,282	10,438
Substandard [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	6,858	6,683
Doubtful [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	0	0
Loss [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	$ 0	0
Residential Real Estate [Member] | Maximum [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Loan-to-value ratio	89.90%
Residential Real Estate [Member] | Residential Mortgage with Private Mortgage Insurance [Member] | Maximum [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Loan-to-value ratio	95.00%
Residential Real Estate [Member] | Residential Real Estate [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	$ 277,891	267,802
Residential Real Estate [Member] | Residential Real Estate [Member] | Performing [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	272,959	264,138
Residential Real Estate [Member] | Residential Real Estate [Member] | Watch [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	1,122	874
Residential Real Estate [Member] | Residential Real Estate [Member] | Special Mention [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	1,119	86
Residential Real Estate [Member] | Residential Real Estate [Member] | Substandard [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	2,691	2,704
Residential Real Estate [Member] | Construction and Land [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	9,097	7,462
Residential Real Estate [Member] | Construction and Land [Member] | Performing [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	9,097	7,462
Residential Real Estate [Member] | Construction and Land [Member] | Watch [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	0	0
Residential Real Estate [Member] | Construction and Land [Member] | Special Mention [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	0	0
Residential Real Estate [Member] | Construction and Land [Member] | Substandard [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	0	0
Residential Real Estate [Member] | Multi-family [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	25,370	24,592
Residential Real Estate [Member] | Multi-family [Member] | Performing [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	23,600	22,544
Residential Real Estate [Member] | Multi-family [Member] | Watch [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	0	137
Residential Real Estate [Member] | Multi-family [Member] | Special Mention [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	1,643	1,835
Residential Real Estate [Member] | Multi-family [Member] | Substandard [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	127	76
Commercial Real Estate [Member] | Real Estate [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	374,155	329,668
Commercial Real Estate [Member] | Real Estate [Member] | Performing [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	360,942	318,703
Commercial Real Estate [Member] | Real Estate [Member] | Watch [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	49	616
Commercial Real Estate [Member] | Real Estate [Member] | Special Mention [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	10,158	7,435
Commercial Real Estate [Member] | Real Estate [Member] | Substandard [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	3,006	2,914
Commercial Real Estate [Member] | Construction [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	70,348	36,361
Commercial Real Estate [Member] | Construction [Member] | Performing [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	65,286	36,259
Commercial Real Estate [Member] | Construction [Member] | Watch [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	0	0
Commercial Real Estate [Member] | Construction [Member] | Special Mention [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	4,960	0
Commercial Real Estate [Member] | Construction [Member] | Substandard [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	102	102
Consumer Loan [Member] | Home Equity [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	22,179	23,185
Consumer Loan [Member] | Home Equity [Member] | Performing [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	21,509	22,392
Consumer Loan [Member] | Home Equity [Member] | Watch [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	18	20
Consumer Loan [Member] | Home Equity [Member] | Special Mention [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	25	0
Consumer Loan [Member] | Home Equity [Member] | Substandard [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	627	773
Consumer Loan [Member] | Consumer Installment [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	5,280	5,481
Consumer Loan [Member] | Consumer Installment [Member] | Performing [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	5,233	5,461
Consumer Loan [Member] | Consumer Installment [Member] | Watch [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	47	14
Consumer Loan [Member] | Consumer Installment [Member] | Special Mention [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	0	0
Consumer Loan [Member] | Consumer Installment [Member] | Substandard [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	0	6
Commercial Loans [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	113,641	103,554
Commercial Loans [Member] | Performing [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	110,787	102,103
Commercial Loans [Member] | Watch [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	172	261
Commercial Loans [Member] | Special Mention [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	2,377	1,082
Commercial Loans [Member] | Substandard [Member]
Loan Balances by Internal Credit Quality Indicator [Abstract]
Total gross loans	$ 305	$ 108

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses, Delinquent and/or Nonaccrual Loans by Past Due Status (Details) $ in Thousands	Mar. 31, 2020USD ($)Loan	Jun. 30, 2019USD ($)Loan
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	$ 7,508	$ 7,340
Current	890,453	790,765
Total loans	897,961	798,105
Loans on non-accrual	3,885	3,638
Loans in the process of foreclosure	1,300	1,600
Nonaccrual loans with recent history of delinquency greater than 90 days	1,600	1,800
Accruing loans delinquent more than 90 days	0	0
30 to 59 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	3,945	2,903
60 to 89 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	1,228	2,607
90 Days or More Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	$ 2,335	$ 1,830
Residential Real Estate [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Number of loans in the process of foreclosure | Loan	8	12
Loans in the process of foreclosure	$ 1,000	$ 1,500
Residential Real Estate [Member] | Residential Real Estate [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	4,997	4,399
Current	272,894	263,403
Total loans	277,891	267,802
Loans on non-accrual	2,438	2,474
Residential Real Estate [Member] | Residential Real Estate [Member] | 30 to 59 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	2,574	2,144
Residential Real Estate [Member] | Residential Real Estate [Member] | 60 to 89 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	867	870
Residential Real Estate [Member] | Residential Real Estate [Member] | 90 Days or More Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	1,556	1,385
Residential Real Estate [Member] | Construction and Land [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	0	0
Current	9,097	7,462
Total loans	9,097	7,462
Loans on non-accrual	0	0
Residential Real Estate [Member] | Construction and Land [Member] | 30 to 59 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	0	0
Residential Real Estate [Member] | Construction and Land [Member] | 60 to 89 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	0	0
Residential Real Estate [Member] | Construction and Land [Member] | 90 Days or More Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	0	0
Residential Real Estate [Member] | Multi-family [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	157	138
Current	25,213	24,454
Total loans	25,370	24,592
Loans on non-accrual	127	0
Residential Real Estate [Member] | Multi-family [Member] | 30 to 59 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	0	1
Residential Real Estate [Member] | Multi-family [Member] | 60 to 89 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	30	137
Residential Real Estate [Member] | Multi-family [Member] | 90 Days or More Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	127	0
Commercial Real Estate [Member] | Real Estate [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	743	1,490
Current	373,412	328,178
Total loans	374,155	329,668
Loans on non-accrual	765	598
Commercial Real Estate [Member] | Real Estate [Member] | 30 to 59 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	323	280
Commercial Real Estate [Member] | Real Estate [Member] | 60 to 89 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	73	1,108
Commercial Real Estate [Member] | Real Estate [Member] | 90 Days or More Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	347	102
Commercial Real Estate [Member] | Construction [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	0	0
Current	70,348	36,361
Total loans	70,348	36,361
Loans on non-accrual	0	0
Commercial Real Estate [Member] | Construction [Member] | 30 to 59 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | Construction [Member] | 60 to 89 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	0	0
Commercial Real Estate [Member] | Construction [Member] | 90 Days or More Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	0	0
Consumer Loan [Member] | Home Equity [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	270	461
Current	21,909	22,724
Total loans	22,179	23,185
Loans on non-accrual	305	452
Consumer Loan [Member] | Home Equity [Member] | 30 to 59 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	124	16
Consumer Loan [Member] | Home Equity [Member] | 60 to 89 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	18	136
Consumer Loan [Member] | Home Equity [Member] | 90 Days or More Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	128	309
Consumer Loan [Member] | Consumer Installment [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	120	52
Current	5,160	5,429
Total loans	5,280	5,481
Loans on non-accrual	0	6
Consumer Loan [Member] | Consumer Installment [Member] | 30 to 59 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	73	32
Consumer Loan [Member] | Consumer Installment [Member] | 60 to 89 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	47	14
Consumer Loan [Member] | Consumer Installment [Member] | 90 Days or More Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	0	6
Commercial Loans [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	1,221	800
Current	112,420	102,754
Total loans	113,641	103,554
Loans on non-accrual	250	108
Commercial Loans [Member] | 30 to 59 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	851	430
Commercial Loans [Member] | 60 to 89 Days Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	193	342
Commercial Loans [Member] | 90 Days or More Past Due [Member]
Delinquent and/or Nonaccrual Loans by Past Due Status [Abstract]
Total past due	$ 177	$ 28

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses, Nonaccrual Loans, Interest Income Data (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Loans and Allowance for Loan Losses [Abstract]
Interest income that would have been recorded if loans had been performing in accordance with original terms	$ 64	$ 31	$ 218	$ 160
Interest income that was recorded on nonaccrual loans	$ 51	$ 26	$ 143	$ 81

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses, Impaired Loans By Loan Portfolio Class (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
With no related allowance recorded [Abstract]
Recorded investment	$ 1,825		$ 1,825		$ 1,894
Unpaid principal	1,825		1,825		1,894
Average recorded investment	1,405	$ 1,673	1,519	$ 1,541
Interest income recognized	12	36	66	54
With an allowance recorded [Abstract]
Recorded investment	1,800		1,800		2,000
Unpaid principal	1,800		1,800		2,000
Related allowance	241		241		262
Average recorded investment	1,977	2,505	2,001	2,477
Interest income recognized	19	21	73	66
Total impaired [Abstract]
Recorded investment	3,625		3,625		3,894
Unpaid principal	3,625		3,625		3,894
Related allowance	241		241		262
Average recorded investment	3,382	4,178	3,520	4,018
Interest income recognized	31	57	139	120
Residential Real Estate [Member] | Residential Real Estate [Member]
With no related allowance recorded [Abstract]
Recorded investment	1,044		1,044		727
Unpaid principal	1,044		1,044		727
Average recorded investment	702	151	645	105
Interest income recognized	11	1	52	4
With an allowance recorded [Abstract]
Recorded investment	1,088		1,088		1,420
Unpaid principal	1,088		1,088		1,420
Related allowance	133		133		188
Average recorded investment	1,176	1,965	1,227	1,826
Interest income recognized	7	15	39	51
Total impaired [Abstract]
Recorded investment	2,132		2,132		2,147
Unpaid principal	2,132		2,132		2,147
Related allowance	133		133		188
Average recorded investment	1,878	2,116	1,872	1,931
Interest income recognized	18	16	91	55
Residential Real Estate [Member] | Multi-family [Member]
With no related allowance recorded [Abstract]
Recorded investment	127		127
Unpaid principal	127		127
Average recorded investment	42		14
Interest income recognized	0		0
With an allowance recorded [Abstract]
Recorded investment	0		0
Unpaid principal	0		0
Related allowance	0		0
Average recorded investment	85		72
Interest income recognized	0		1
Total impaired [Abstract]
Recorded investment	127		127
Unpaid principal	127		127
Related allowance	0		0
Average recorded investment	127		86
Interest income recognized	0		1
Commercial Real Estate [Member] | Real Estate [Member]
With no related allowance recorded [Abstract]
Recorded investment	351		351		717
Unpaid principal	351		351		717
Average recorded investment	362	997	549	979
Interest income recognized	1	35	13	50
With an allowance recorded [Abstract]
Recorded investment	0		0		0
Unpaid principal	0		0		0
Related allowance	0		0		0
Average recorded investment	0	0	35	122
Interest income recognized	0	0	3	0
Total impaired [Abstract]
Recorded investment	351		351		717
Unpaid principal	351		351		717
Related allowance	0		0		0
Average recorded investment	362	997	584	1,101
Interest income recognized	1	35	16	50
Commercial Real Estate [Member] | Construction [Member]
With no related allowance recorded [Abstract]
Recorded investment					0
Unpaid principal					0
Average recorded investment		68		23
Interest income recognized		0		0
With an allowance recorded [Abstract]
Recorded investment	102		102		102
Unpaid principal	102		102		102
Related allowance	13		13		2
Average recorded investment	102	59	102	137
Interest income recognized	0	0	0	0
Total impaired [Abstract]
Recorded investment	102		102		102
Unpaid principal	102		102		102
Related allowance	13		13		2
Average recorded investment	102	127	102	160
Interest income recognized	0	0	0	0
Consumer Loan [Member] | Home Equity [Member]
With no related allowance recorded [Abstract]
Recorded investment	153		153		309
Unpaid principal	153		153		309
Average recorded investment	136	309	177	281
Interest income recognized	0	0	0	0
With an allowance recorded [Abstract]
Recorded investment	432		432		348
Unpaid principal	432		432		348
Related allowance	73		73		59
Average recorded investment	449	350	414	334
Interest income recognized	7	5	21	14
Total impaired [Abstract]
Recorded investment	585		585		657
Unpaid principal	585		585		657
Related allowance	73		73		59
Average recorded investment	585	659	591	615
Interest income recognized	7	5	21	14
Commercial Loans [Member]
With no related allowance recorded [Abstract]
Recorded investment	150		150		141
Unpaid principal	150		150		141
Average recorded investment	163	148	134	153
Interest income recognized	0	0	1	0
With an allowance recorded [Abstract]
Recorded investment	178		178		130
Unpaid principal	178		178		130
Related allowance	22		22		13
Average recorded investment	165	131	151	58
Interest income recognized	5	1	9	1
Total impaired [Abstract]
Recorded investment	328		328		271
Unpaid principal	328		328		271
Related allowance	22		22		$ 13
Average recorded investment	328	279	285	211
Interest income recognized	$ 5	$ 1	$ 10	$ 1

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses, Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020Contract	Mar. 31, 2019USD ($)Contract	Mar. 31, 2020Contract	Mar. 31, 2019USD ($)Contract	May 06, 2020USD ($)Loan
Troubled Debt Restructurings [Abstract]
TDR loans which have subsequently defaulted during the period | Contract	0	0	0	0
Number of loan modification requests received under loan deferment program | Loan					688
Minimum [Member]
Troubled Debt Restructurings [Abstract]
Term of payment deferral under loan deferment program			3 months
Maximum [Member]
Troubled Debt Restructurings [Abstract]
Term of payment deferral under loan deferment program			6 months
Subsequent Event [Member]
Troubled Debt Restructurings [Abstract]
Amount of loan modification requests received under loan deferment program					$ 196,100
Commercial Loans [Member]
Troubled Debt Restructurings [Abstract]
Number of contracts | Contract				1
Pre-modification outstanding recorded investment				$ 127
Post-modification outstanding recorded investment				131
Current outstanding recorded investment		$ 131		$ 131

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses, Activity and Allocation of Allowance for Loan Losses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Allowance for Loan Losses [Abstract]
Increase in provision for credit losses to reserve for losses resulting from COVID-19 pandemic	$ 500,000
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	13,984,000	$ 12,673,000	$ 13,200,000	$ 12,024,000
Charge-offs	240,000	220,000	793,000	505,000
Recoveries	36,000	43,000	132,000	269,000
Provision	1,425,000	350,000	2,666,000	1,058,000
Balance, end of period	15,205,000	12,846,000	15,205,000	12,846,000
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	241,000		241,000		$ 262,000
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	14,964,000		14,964,000		12,938,000
Loans receivable, ending balance, impairment analysis individually evaluated	3,625,000		3,625,000		3,894,000
Loans receivable, ending balance, impairment analysis collectively evaluated	$ 894,336,000		$ 894,336,000		794,211,000
Smaller Commercial Loans [Member] | Unsecured [Member]
Allowance for Loan Losses [Abstract]
Threshold period to charge off loans against allowance for loan losses	90 days		90 days
Residential Real Estate [Member] | Residential Real Estate [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	$ 1,470,000	2,070,000	$ 2,026,000	2,116,000
Charge-offs	0	0	101,000	96,000
Recoveries	3,000	0	13,000	13,000
Provision	391,000	14,000	(74,000)	51,000
Balance, end of period	1,864,000	2,084,000	1,864,000	2,084,000
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	133,000		133,000		188,000
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	1,731,000		1,731,000		1,838,000
Loans receivable, ending balance, impairment analysis individually evaluated	2,132,000		2,132,000		2,147,000
Loans receivable, ending balance, impairment analysis collectively evaluated	275,759,000		275,759,000		265,655,000
Residential Real Estate [Member] | Construction and Land [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	93,000	93,000	87,000	114,000
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	8,000	(13,000)	14,000	(34,000)
Balance, end of period	101,000	80,000	101,000	80,000
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	0		0		0
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	101,000		101,000		87,000
Loans receivable, ending balance, impairment analysis individually evaluated	0		0		0
Loans receivable, ending balance, impairment analysis collectively evaluated	9,097,000		9,097,000		7,462,000
Residential Real Estate [Member] | Multi-family [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	147,000	180,000	180,000	162,000
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	6,000	(12,000)	(27,000)	6,000
Balance, end of period	153,000	168,000	153,000	168,000
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	0		0		0
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	153,000		153,000		180,000
Loans receivable, ending balance, impairment analysis individually evaluated	127,000		127,000		0
Loans receivable, ending balance, impairment analysis collectively evaluated	25,243,000		25,243,000		24,592,000
Commercial Real Estate [Member] | Real Estate [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	7,510,000	6,182,000	7,110,000	5,979,000
Charge-offs	0	74,000	0	74,000
Recoveries	0	0	0	0
Provision	453,000	238,000	853,000	441,000
Balance, end of period	7,963,000	6,346,000	7,963,000	6,346,000
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	0		0		0
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	7,963,000		7,963,000		7,110,000
Loans receivable, ending balance, impairment analysis individually evaluated	351,000		351,000		717,000
Loans receivable, ending balance, impairment analysis collectively evaluated	373,804,000		373,804,000		328,951,000
Commercial Real Estate [Member] | Construction [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	1,467,000	876,000	872,000	950,000
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	355,000	117,000	950,000	43,000
Balance, end of period	1,822,000	993,000	1,822,000	993,000
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	13,000		13,000		2,000
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	1,809,000		1,809,000		870,000
Loans receivable, ending balance, impairment analysis individually evaluated	102,000		102,000		102,000
Loans receivable, ending balance, impairment analysis collectively evaluated	$ 70,246,000		$ 70,246,000		36,259,000
Consumer Loan [Member] | Unsecured [Member]
Allowance for Loan Losses [Abstract]
Threshold period to charge off loans against allowance for loan losses	90 days		90 days
Consumer Loan [Member] | Home Equity [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	$ 270,000	322,000	$ 314,000	317,000
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	3,000	(18,000)	(41,000)	(13,000)
Balance, end of period	273,000	304,000	273,000	304,000
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	73,000		73,000		59,000
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	200,000		200,000		255,000
Loans receivable, ending balance, impairment analysis individually evaluated	585,000		585,000		657,000
Loans receivable, ending balance, impairment analysis collectively evaluated	21,594,000		21,594,000		22,528,000
Consumer Loan [Member] | Consumer Installment [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	366,000	290,000	250,000	224,000
Charge-offs	111,000	95,000	359,000	284,000
Recoveries	33,000	43,000	83,000	103,000
Provision	12,000	(28,000)	326,000	167,000
Balance, end of period	300,000	210,000	300,000	210,000
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	0		0		0
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	300,000		300,000		250,000
Loans receivable, ending balance, impairment analysis individually evaluated	0		0		0
Loans receivable, ending balance, impairment analysis collectively evaluated	5,280,000		$ 5,280,000		5,481,000
Consumer Loan [Member] | Consumer Installment [Member] | Unsecured [Member]
Allowance for Loan Losses [Abstract]
Threshold period to charge off overdrawn deposit accounts against allowance for loan losses			60 days
Commercial Loans [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	2,661,000	2,381,000	$ 2,361,000	2,128,000
Charge-offs	129,000	51,000	333,000	51,000
Recoveries	0	0	36,000	153,000
Provision	164,000	(49,000)	632,000	51,000
Balance, end of period	2,696,000	2,281,000	2,696,000	2,281,000
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	22,000		22,000		13,000
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	2,674,000		2,674,000		2,348,000
Loans receivable, ending balance, impairment analysis individually evaluated	328,000		328,000		271,000
Loans receivable, ending balance, impairment analysis collectively evaluated	113,313,000		113,313,000		103,283,000
Unallocated [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	0	279,000	0	34,000
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	33,000	101,000	33,000	346,000
Balance, end of period	33,000	$ 380,000	33,000	$ 380,000
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	0		0		0
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	33,000		33,000		0
Loans receivable, ending balance, impairment analysis individually evaluated	0		0		0
Loans receivable, ending balance, impairment analysis collectively evaluated	$ 0		$ 0		$ 0

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses, Foreclosed Real Estate (FRE) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Foreclosed Real Estate [Abstract]
Foreclosed real estate	$ 0	$ 53
Residential Real Estate [Member]
Foreclosed Real Estate [Abstract]
Foreclosed real estate	$ 0	$ 53

Fair Value Measurements and F_3

Fair Value Measurements and Fair Value of Financial Instruments, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Assets [Abstract]
Securities available-for-sale	$ 209,122	$ 122,728
Equity securities	238	253
Recurring [Member]
Assets [Abstract]
Securities available-for-sale	209,122	122,728
Equity securities	238	253
Total securities measured at fair value	209,360	122,981
Recurring [Member] | U.S. Government Sponsored Enterprises [Member]
Assets [Abstract]
Securities available-for-sale	2,522	5,553
Recurring [Member] | State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale	168,015	96,570
Recurring [Member] | Mortgage-backed Securities-Residential [Member]
Assets [Abstract]
Securities available-for-sale	10,127	2,645
Recurring [Member] | Mortgage-backed Securities-Multi-family [Member]
Assets [Abstract]
Securities available-for-sale	23,998	16,410
Recurring [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Securities available-for-sale	4,460	1,550
Recurring [Member] | Level 1 [Member]
Assets [Abstract]
Securities available-for-sale	4,460	1,550
Equity securities	238	253
Total securities measured at fair value	4,698	1,803
Recurring [Member] | Level 1 [Member] | U.S. Government Sponsored Enterprises [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 1 [Member] | State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 1 [Member] | Mortgage-backed Securities-Residential [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 1 [Member] | Mortgage-backed Securities-Multi-family [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 1 [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Securities available-for-sale	4,460	1,550
Recurring [Member] | Level 2 [Member]
Assets [Abstract]
Securities available-for-sale	204,662	121,178
Equity securities	0	0
Total securities measured at fair value	204,662	121,178
Recurring [Member] | Level 2 [Member] | U.S. Government Sponsored Enterprises [Member]
Assets [Abstract]
Securities available-for-sale	2,522	5,553
Recurring [Member] | Level 2 [Member] | State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale	168,015	96,570
Recurring [Member] | Level 2 [Member] | Mortgage-backed Securities-Residential [Member]
Assets [Abstract]
Securities available-for-sale	10,127	2,645
Recurring [Member] | Level 2 [Member] | Mortgage-backed Securities-Multi-family [Member]
Assets [Abstract]
Securities available-for-sale	23,998	16,410
Recurring [Member] | Level 2 [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Equity securities	0	0
Total securities measured at fair value	0	0
Recurring [Member] | Level 3 [Member] | U.S. Government Sponsored Enterprises [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member] | State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member] | Mortgage-backed Securities-Residential [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member] | Mortgage-backed Securities-Multi-family [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Securities available-for-sale	$ 0	$ 0

Fair Value Measurements and F_4

Fair Value Measurements and Fair Value of Financial Instruments, Assets and Liabilities Measured on Nonrecurring Basis (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2020USD ($)Approach	Jun. 30, 2019USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, recorded investment	$ 3,625	$ 3,894
Impaired loans, related allowance	241	262
Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, recorded investment	1,952	2,335
Impaired loans, related allowance	241	262
Impaired loans, fair value	$ 1,711	2,073
Foreclosed real estate, recorded investment		53
Foreclosed real estate, related allowance		0
Foreclosed real estate, fair value		53
Nonrecurring [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of approaches used for appraisals | Approach	3
Nonrecurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, fair value	$ 0	0
Foreclosed real estate, fair value		0
Nonrecurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, fair value	0	0
Foreclosed real estate, fair value		0
Nonrecurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, fair value	$ 1,711	2,073
Foreclosed real estate, fair value		$ 53

Fair Value Measurements and F_5

Fair Value Measurements and Fair Value of Financial Instruments, Fair Value Inputs, Assets, Quantitative Information (Details) $ in Thousands		Mar. 31, 2020USD ($)	Jun. 30, 2019USD ($)
Nonrecurring [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans		$ 1,711	$ 2,073
Foreclosed real estate			53
Level 3 [Member] | Appraisal of Collateral [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans	[1]	1,193	1,403
Foreclosed real estate	[1]		53
Level 3 [Member] | Discounted Cash Flow [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans	[1]	518	670
Level 3 [Member] | Nonrecurring [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans		$ 1,711	2,073
Foreclosed real estate			$ 53
Level 3 [Member] | Appraisal Adjustments [Member] | Appraisal of Collateral [Member] | Minimum [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input	[1],[2]	0.0857	0
Foreclosed real estate, measurement input	[1],[2]		0
Level 3 [Member] | Appraisal Adjustments [Member] | Appraisal of Collateral [Member] | Maximum [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input	[1],[2]	0.3373	0.3373
Foreclosed real estate, measurement input	[1],[2]		0
Level 3 [Member] | Appraisal Adjustments [Member] | Appraisal of Collateral [Member] | Weighted Average [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input	[1],[2]	0.2800	0.2448
Foreclosed real estate, measurement input	[1],[2]		0
Level 3 [Member] | Liquidation Expenses [Member] | Appraisal of Collateral [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Foreclosed real estate, measurement input	[1],[3]		0.1041
Level 3 [Member] | Liquidation Expenses [Member] | Appraisal of Collateral [Member] | Minimum [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input	[1],[3]	0.0398	0.0398
Level 3 [Member] | Liquidation Expenses [Member] | Appraisal of Collateral [Member] | Maximum [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input	[1],[3]	0.0703	0.0600
Level 3 [Member] | Liquidation Expenses [Member] | Appraisal of Collateral [Member] | Weighted Average [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input	[1],[3]	0.0485	0.0453
Foreclosed real estate, measurement input	[1],[3]		0.1041
Level 3 [Member] | Discount Rate [Member] | Discounted Cash Flow [Member] | Minimum [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input		0.0419	0.0419
Level 3 [Member] | Discount Rate [Member] | Discounted Cash Flow [Member] | Maximum [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input		0.0675	0.0866
Level 3 [Member] | Discount Rate [Member] | Discounted Cash Flow [Member] | Weighted Average [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input		0.0552	0.0607
[1]	Fair value is generally determined through independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable.
[2]	Appraisals may be adjusted downwards by management for qualitative factors such as economic conditions. Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received or age of the appraisal.
[3]	Appraisals are adjusted downwards by management for qualitative factors such as the estimated costs to liquidate the collateral.

Fair Value Measurements and F_6

Fair Value Measurements and Fair Value of Financial Instruments, Carrying Amount and Estimated Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	$ 209,122	$ 122,728
Equity securities	238	253
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	77,814	29,538
Long term certificate of deposit	4,071	2,875
Securities available-for-sale	209,122	122,728
Securities held-to-maturity	382,532	304,208
Equity securities	238	253
Federal Home Loan Bank stock	1,196	1,759
Net loans receivable	883,735	785,738
Accrued interest receivable	7,506	5,853
Deposits	1,429,532	1,120,569
Borrowings	13,100	21,600
Accrued interest payable	125	110
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	77,814	29,538
Long term certificate of deposit	4,071	2,875
Securities available-for-sale	209,122	122,728
Securities held-to-maturity	399,256	313,613
Equity securities	238	253
Federal Home Loan Bank stock	1,196	1,759
Net loans receivable	889,183	781,614
Accrued interest receivable	7,506	5,853
Deposits	1,430,067	1,120,632
Borrowings	13,222	21,534
Accrued interest payable	125	110
Fair Value [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	77,814	29,538
Long term certificate of deposit	4,071	2,875
Securities available-for-sale	4,460	1,550
Securities held-to-maturity	0	0
Equity securities	238	253
Federal Home Loan Bank stock	0	0
Net loans receivable	0	0
Accrued interest receivable	0	0
Deposits	0	0
Borrowings	0	0
Accrued interest payable	0	0
Fair Value [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Long term certificate of deposit	0	0
Securities available-for-sale	204,662	121,178
Securities held-to-maturity	399,256	313,613
Equity securities	0	0
Federal Home Loan Bank stock	1,196	1,759
Net loans receivable	0	0
Accrued interest receivable	7,506	5,853
Deposits	1,430,067	1,120,632
Borrowings	13,222	21,534
Accrued interest payable	125	110
Fair Value [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Long term certificate of deposit	0	0
Securities available-for-sale	0	0
Securities held-to-maturity	0	0
Equity securities	0	0
Federal Home Loan Bank stock	0	0
Net loans receivable	889,183	781,614
Accrued interest receivable	0	0
Deposits	0	0
Borrowings	0	0
Accrued interest payable	$ 0	$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Dilutive securities or contracts outstanding (in shares)	0	0	0	0
Anti-dilutive securities or contracts outstanding (in shares)	0	0	0	0
Net Income	$ 4,051	$ 4,356	$ 14,027	$ 13,320
Weighted Average Shares - Basic (in shares)	8,531,304	8,537,814	8,535,391	8,537,814
Weighted Average Shares - Dilute (in shares)	8,531,304	8,537,814	8,535,391	8,537,814
Earnings per share - Basic (in dollars per share)	$ 0.47	$ 0.51	$ 1.64	$ 1.56
Earnings per share - Diluted (in dollars per share)	$ 0.47	$ 0.51	$ 1.64	$ 1.56

Dividends (Details)

Dividends (Details) - $ / shares	Jan. 21, 2020	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Dividends [Abstract]
Common stock, dividends, per share, declared (in dollars per share)		$ 0.11	$ 0.10	$ 0.33	$ 0.30
2020 Q2 Dividend [Member]
Dividends [Abstract]
Dividends payable, date declared				Jan. 21, 2020
Common stock, dividends, per share, declared (in dollars per share)	$ 0.11
Dividends payable, date of record				Feb. 14, 2020
Dividends payable, date paid				Feb. 28, 2020
2020 Annual Dividend [Member]
Dividends [Abstract]
Common stock, dividends, per share, declared (in dollars per share)	$ 0.44

Impact of Recent Accounting P_3

Impact of Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Jun. 30, 2019
Recent Accounting Pronouncements [Abstract]
Right-of-use assets	$ 1,638
Operating lease, liabilities	$ 1,647
ASU 2016-02 [Member]
Recent Accounting Pronouncements [Abstract]
Right-of-use assets		$ 1,700
Operating lease, liabilities		$ 1,700

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Defined Benefit Plan [Member]
Components of Net Periodic Pension Costs [Abstract]
Interest cost	$ 49	$ 54	$ 147	$ 162
Expected return on plan assets	(63)	(59)	(189)	(177)
Amortization of net loss	40	35	120	105
Net periodic pension cost	26	30	78	90
Supplemental Executive Retirement Plan [Member]
Components of Net Periodic Pension Costs [Abstract]
Net periodic pension cost	219	$ 165	638	$ 487
Postemployment benefits liability	$ 6,000		$ 6,000		$ 5,000

Stock-Based Compensation, Phant

Stock-Based Compensation, Phantom Stock Option Plan and Long-term Incentive Plan (Details) - 2011 Phantom Stock Option and Long-term Incentive Plan [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2019
Stock option activity, shares [Roll Forward]
Number of options outstanding, beginning of period (in shares)	1,765,100	1,742,100	1,711,600	1,634,160
Options Granted (in shares)	0	0	614,700	592,700
Options Forfeited (in shares)	0	0	(7,000)	0
Options Paid in Cash (in shares)	0	(18,000)	(554,200)	(502,760)
Number of options outstanding, end of period (in shares)	1,765,100	1,724,100	1,765,100	1,724,100
Stock option related information [Abstract]
Cash paid out on options vested	$ 0	$ 41	$ 2,516	$ 1,745
Compensation costs recognized	875	$ 810	2,270	$ 2,021
Total liability for the Plan	$ 3,900		$ 3,900		$ 4,100

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2018
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Balance		$ 120,546	$ 104,121	$ 112,369	$ 96,191
Total other comprehensive income, net of taxes		421	181	36	398
Balance		123,993	108,265	123,993	108,265
ASU 2016-01 [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Reclassification for change in accounting	[1]					$ 0
Accumulated Other Comprehensive Loss [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Balance		(1,391)	(1,520)	(1,006)	(1,623)
Other comprehensive income before reclassification		421	181	36	398
Total other comprehensive income, net of taxes		421	181	36	398
Balance		(970)	(1,339)	(970)	(1,339)
Accumulated Other Comprehensive Loss [Member] | ASU 2016-01 [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Reclassification for change in accounting	[1],[2]					(114)
Unrealized Gain (Losses) on Securities Available-for-sale [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Balance		447	113	832	10
Other comprehensive income before reclassification		421	181	36	398
Total other comprehensive income, net of taxes		421	181	36	398
Balance		868	294	868	294
Unrealized Gain (Losses) on Securities Available-for-sale [Member] | ASU 2016-01 [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Reclassification for change in accounting	[2]					(114)
Pension Benefits [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Balance		(1,838)	(1,633)	(1,838)	(1,633)
Other comprehensive income before reclassification		0	0	0	0
Total other comprehensive income, net of taxes		0	0	0	0
Balance		$ (1,838)	$ (1,633)	$ (1,838)	$ (1,633)
Pension Benefits [Member] | ASU 2016-01 [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Reclassification for change in accounting	[2]					$ 0
[1]	Cumulative effect of change in measurement of equity securities (ASU 2016-01).
[2]	Adoption of ASU 2016-01 - cumulative effect of change in measurement of equity securities.

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Sales of assets [Abstract]
Net gain (loss) on sale of foreclosed real estate	$ (57)	$ (25)	$ 19	$ (34)
Service Charges on Deposit Accounts [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	1,034	960	3,270	3,103
Insufficient Funds Fees [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	928	855	2,950	2,782
Deposit Related Fees [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	40	39	120	117
ATM/Point of Sale Fees [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	66	66	200	204
Debit Card Interchange Fees [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	698	604	2,196	1,929
E-commerce Fee Income [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	24	31	90	102
Investment Services Income [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	$ 120	$ 145	$ 433	$ 396

Operating leases, Quantitative

Operating leases, Quantitative Data (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2020USD ($)
Operating Lease Amounts [Abstract]
Right-of-use assets	$ 1,638	$ 1,638
Lease liabilities	$ 1,647	1,647
Other Information [Abstract]
Operating outgoing cash flows from operating leases		226
Right-of-use assets obtained in exchange for new operating lease liabilities		$ 1,840
Weighted-average remaining lease term	7 years 5 months 5 days	7 years 5 months 5 days
Weighted-average discount rate	2.52%	2.52%
Lease Costs [Abstract]
Operating lease cost	$ 63	$ 205
Variable lease cost	$ 10	$ 30

Operating leases, Undiscounted

Operating leases, Undiscounted Cash Flows (Details) $ in Thousands	Mar. 31, 2020USD ($)
Undiscounted Cash Flows of Operating Lease Liabilities [Abstract]
2021	$ 282
2022	272
2023	217
2024	212
2025	217
Thereafter	613
Total undiscounted cash flow	1,813
Less net present value adjustment	(166)
Lease Liability	$ 1,647

Subsequent events (Details)

Subsequent events (Details) - $ / shares	Apr. 21, 2020	Jan. 21, 2020	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Dividends [Abstract]
Common stock, dividends declared (in dollars per share)			$ 0.11	$ 0.10	$ 0.33	$ 0.30
2020 Annual Dividend [Member]
Dividends [Abstract]
Common stock, dividends declared (in dollars per share)		$ 0.44
Subsequent Event [Member] | 2020 Q3 Dividend [Member]
Dividends [Abstract]
Dividends payable, date declared	Apr. 21, 2020
Common stock, dividends declared (in dollars per share)	$ 0.11
Dividends payable, date of record	May 15, 2020
Dividends payable, date paid	May 29, 2020
Subsequent Event [Member] | 2020 Annual Dividend [Member]
Dividends [Abstract]
Common stock, dividends declared (in dollars per share)	$ 0.44